Indian CEO prefer to work on the grass

India’s technical service companies are more and more CEOs near the United States and Europe’s largest customers, even though these companies have sent most of their labor forces back home.

Comments from the Mint found that eight of the eight Indian IT service companies currently work in cities in the United States and Europe. From 2019, only five have caused pupil review. In contrast, two -thirds of the workers are located in India.

Last week, LTImindTree LTD announced that compared with the current CEO Debashis Chatterjee, CEO Debastate Venu Lambu will work in London. This makes Landu the eighth CEO of working abroad. Mint cannot independently determine when Lambu is officially taken from Chatterjee. Europe accounts for 14.9 % or $ 639 million in fiscal year of LTImindtree’s $ 4.29 billion in fiscal year.

Since most workers have been in the country, the CEO of most IT companies in the last quarter of the last century was operated from India. Now, even if India occupies most of the employees, many companies believe that having senior management in major markets helps them improve their growth.

At least one analyst subscribed to this view.

“North America is the money. If you want to be closer to customers, you must embed themselves into their social life, or let an excellent executive leadership team operate at this level.”

US income

On average, the business from the Americas received 30-50 % of IT service companies, while Europe contributed about one-third.

However, the second analyst said that the position is the choice of the executive of the senior position.

Ashutosh Sharma, Vice President of Forrester Research, said: “When the company chooses to be the company, the location is the privilege of the CEO.” Most of them will travel, and today’s connection is simple, so that they can talk to customers worldwide. “Sherma said.

Since March 2019, six of the 10 largest listed software service companies in India have new CEOs. Three of these-Tech Mahindra LTDs, LTIMINDTREE and Sonata Software LTD-have stationed new CEOs in their largest market instead of the headquarters of the upcoming departure.

Mohit Joshi took over the CEO of Mahindra, the fourth largest science and engineering college in December 2023. He worked from London to oppose his predecessor CP Gurnani, which was located in Mumbai. The script followed Sonata software, and Samir Dhir took over from P. Srikar Reddy in April 2022. Reddy is headquartered in Bengaluru, while Dhir is located in New York.

Tech Mahindra and SONATA software ended at a revenue of $ 6.3 billion and $ 1 billion. European revenue is about a quarter of the income of Mahindra technology, and the DHIR of the United States is stationed in the United States, accounting for about 70 % of the company’s revenue.

Stay

Among the rest of the company, including TATA Consulting Service Co., Ltd., Wipro LTD and Persistent Systems LTD, their CEO remained in the same place as their predecessors.

Even though some of the largest software service companies in India take over external CEOs, the two biggest trends of TCS and Infosys LTD are not affected by this trend-TCS’s Krithivasan and Infosys Parekh is based on their Mumbai and Bengal headquarters. Essence

TCS and Infosys ended the final fiscal revenue for US $ 29.1 billion and $ 18.6 billion.

Because CEO operates from abroad, many executives are also inclined to work in overseas offices. This shows that the company’s leaders hope to maintain a close relationship with the largest customers, even if the primary employees who handle the project are still at offshore locations such as India.

The closer trend of CEO and the largest customer is that the company’s largest IT service company will report the annual annual revenue growth of the year when IT service companies grow slowly.

The IT service company gets one -third of the total income from the top 25 customers, most of which are usually in the United States and Europe.