Bangalore: As older people retire, new generations are taking over their jobs, with completely different expectations.The new leaders value teamwork and open communication.They’ll spend more time building relationships with their teams than their predecessors did. Because they value their family time, they’ll also give their staff enough time for personal lives. As a result, corporate culture might become less rigid than it is now, bringing more flexibility and a sense of fun.

From being daddy’s girl and Mumma’s boy here are the set of next generation leaders of Indian business companies who have not only transformed themselves but are all set transform 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 has graduated from the Wharton School of Business in 1997. She did her 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. Helping her is Lakshmi Mittal’s trusted lieutenant Harak Banthia, who is executive director at Escada. The company is expected to turn profitable this year.