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‘Ghar-wapsi of Indian companies’: Zerodha’s Nithin Kamath lauds govt move to fast-track start-ups’ ’reverse flipping’ | Mint

LivemintLivemint · 11m ago
‘Ghar-wapsi of Indian companies’: Zerodha’s Nithin Kamath lauds govt move to fast-track start-ups’ ’reverse flipping’ | Mint
Medial

Zerodha co-founder Nithin Kamath praised the Indian government's decision to simplify the approval process for merging an overseas-incorporated company, particularly a startup, with its wholly-owned Indian subsidiary. The move eliminates the need for clearance from the National Company Law Tribunal, which has been delaying such mergers. The updated regulations aim to facilitate "reverse flipping," where startups return to India to take advantage of regulatory and investment opportunities. Kamath highlighted the growing Indian stock market, increased household investments, and the need for more Indian businesses to be located in India.

BT Exclusive: At least 90% of India’s foreign domiciled unicorns will flip back to India, says Siddarth Pai

Business TodayBusiness Today · 10m ago
BT Exclusive: At least 90% of India’s foreign domiciled unicorns will flip back to India, says Siddarth Pai
Medial

- Reverse flipping is a growing trend in the Indian start-up landscape, with companies like PhonePe and Groww successfully completing the transition. - Reverse flipping involves relocating assets, operations, and intellectual property rights from foreign bases back to India. - The dislocation between headquarters and operations has been a concern for Indian start-ups, and a simplified structure in India can result in less friction with authorities and ease of management. - Investor sentiment, both local and global, towards Indian start-ups is improving, and the shift back to India is driven by the higher value creation in the Indian market and the inability of the Indian public to participate in IPOs of overseas entities. - The Indian government's policies and infrastructure need improvements, such as a tax-free redomicile process, greater flexibility in issuing instruments, easier M&A norms, and a stronger corporate law system with dedicated courts. - It is expected that a significant number of foreign-domiciled unicorns and funded start-ups will flip back to India, with non-funded start-ups also likely to join the trend.

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