Indians at top: 10 global chiefs managing over $400 Billion business
Monday, 01 August 2011, 15:17 IST   |    1 Comments
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NEW DELHI:Indians are increasingly rising to the top of global corporate ladders and just 10 of them are together managing business worth over $ 400 billion -- an amount nearly double the total exports from India in a year. So, it does not come as a surprise when CEOs are being billed as the latest and leading export from India, given the multi-national giants like Citigroup, Deutsche Bank, PepsiCo, Unilever, Adobe, Mastercard and Motorola having Indian-origin persons in their top leadership positions. International magazine Time also recently termed CEOs as India's leading export and said that the subcontinent could be "the ideal training ground for global bosses". Experts believe that Indians' inherent focus on good education and their ability to work in difficult situations is aiding to the trend and more and more Indians could rise to top positions at global companies in near future. There are about a dozen large global companies outside India with Indians or persons of Indian origin in their top management positions, while there are many more dozens at the helm of affairs at mid-level and smaller companies. Germany-based global banking major Deutsche Bank has become the latest to join this league with the recent appointment of cricket-freak Anshu Jain as its co-CEO.
Jain, who once held a small stake in Indian Premier League cricket team Mumbai Indians of Ambanis, was already handling a large part of $ 55-billion banking giant's businesses and his elevation to the top has been long awaited.
Source: PTI
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