The company, currently, has a headcount of more than 4,500 people in India.
The Indian telecom market size of over Rs 400 billion is expected to treble itself by year 2011-2012, according to Ernst & Young.\n\n\n\n
The 'angel tax' and notices to start-ups and angel investors from the income tax department was certainly a dampener. However, a bigger factor is the lack of exits.
Ratan Tata invested about $299,000 during the first six months of 2016.
Sebi wants angel networks to follow public and private placement norms