IBEF: February 10, 2014
New Delhi: India’s Mr Satya Nadella recently become CEO at software giant Microsoft. With his promotion, 10 Indian origin CEOs at global corporations manage businesses worth about US$ 350 billion.
Nadella, the Hyderabad-born cricket loving, engineering executive, who has plied his trade with Microsoft for over 20 years, has joined others such as Indra Nooyi, Lakshmi Mittal, Anshu Jain and Ivan Menzes, among many other Indian-origin persons at the helm at large conglomerates headquartered abroad.
Time magazine once termed CEOs as India's leading "export" and said that the subcontinent could be "the ideal training ground for global bosses".
The total size of businesses managed by just 10 Indian-origin CEOs stood at about US$ 300 billion in the last fiscal and is expected to reach US$ 325 billion in the current fiscal ending next month.
The big conglomerations include Microsoft, PepsiCo, ArcelorMittal, Deutsche Bank, Diageo, Reckitt Benckiser, MasterCard, DBS Group Holdings, SanDisk, Global Foudries and Adobe.
Microsoft recorded turnover of over US$ 78 billion last year, ArcelorMittal's annual revenue stood at US$ 84 billion. Among large companies, PepsiCo recorded US$ 66 billion turnover, while Deutsche Bank has over US$ 43 billion and Diageo over US$ 18 billion.
Mr Nadella now runs the largest company among those run by Indian origin persons.
According to human resource experts, professionals in India have become global professionals. The technical skills and the behavioural patterns of Indians executives make them very much adaptable to any kind of situation they come across. It is believed that Indians' focus on good education and ability to work in difficult situations is aiding to this rising trend and more and more Indians could rise to top positions at global companies in the near future.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.