Gen Next Business Leaders of India

Bangalore: The new generations are is ready to succeed the throne as older people retire. They take over their jobs, with an absolutely different expectation. The new leaders price teamwork and open communication. They tend to spend more time building relationships with their teams than their predecessors did. Since they value the time spent with family, they also give their staff enough time for personal lives. It seems that the corporate culture might become less rigid than it is now, fetching in more flexibility and a sense of fun.

From being Mumma’s boy and daddy’s girl and here are the next generation leaders of Indian business companies who have not only altered themselves but are all set to alter the Indian business world.

Megha Mittal:

Megha Mittal, the daughter-in-law of the steel tycoon Lakshmi Mittal, is the Executive Director of Escada, the German fashion luxury brand. She went to Wharton School of Business in 1997 for graduation and studied B.S in Economics with concentration in Finance.

When she bought the iconic but troubled Germa fashion house Escada in late 2009 for $85 million, most of the people thought is was a mere indulgence. Megha has over seen new lines of clothing that promise trendy and sporty clothes for all occasion. She has turned Escada into a fast evolving contemporary fashion destination. She has taken some valuable lessons in turning around business from her father-in-law. She has retained the management and has empowered them in decision-making and she has set strict revenue targets. Harak Banthia who is Lakshmi Mittal’s trusted lieutenant and also an Executive Director at Escada is helping Megha. The company is expected to turn profitable this year.