"GOING PUBLIC, GROWING STRONG❞

Post-IPO, R K SWAMY is strengthening its market position, attracting top clients and talent while ensuring long-term growth and sustainability, Group CEO Shekar Swamy tells Reema Bhaduri of BW Businessworld. Excerpts

-  R K SWAMY

What were the key reasons behind your decision to take the company public? Any specific market conditions or industry trends that influenced your decision?

There are many important strategic considerations in this step. Firstly, the company should be on a solid financial footing for the next generation of leadership. The R K Swamy family has carried the risk so far and no next-gen leader (from family or outside) can or should be expected to carry this level of risk. We are preparing the company for the next 10 or 20 years. We need the resources for the same. The IPO enables all this.

The IPO is a signal that R K Swamy is a clean and transparent company. This in itself is a major communication. We want to reward our people with value generated. During the IPO, we gifted shares to nearly 200 employees. Many of them are using it to secure their families' interests. This is not possible in a private company. An ESOP plan will also be put in place.