New Delhi: While the West has learnt to live with global brands like Pepsico and Vodafone being run by India-born executives, Indians too will soon have to accept foreign bosses as their companies gain multinational status.
But getting foreign CEOs may not mean lack of confidence in homegrown executives, for whom no challenge is too big and no detail too small.
Sowing the seeds of change was none other than Ratan Tata, the face of India Inc and head of the country’s largest corporate group Tata, who believes it is quite possible that one day his huge business empire could be run by a non-Indian.
When the Tata Group chairman held out this possibility in an interview to a German magazine Der Spiegel, he acknowledged that Indian might not be ready as yet for this eventuality. But the possibility speaks volumes about the emergence of Indian Multinationals on the global arena.
“We have to think globally,” Tata said. And this theory is being exercised by the Tata Group as well as a number of Indian companies expand to foreign shores through mergers, acquisitions, joint ventures, overseas units and all possible business avenues.
In a sign of the times to come, some companies already have foreign executives on board. Case in point — Tata Teleservices CEO Darryl Green, Jet Airways CEO Setve Forte and Air Deccan COO Warwick Brady.
Tata is already aggressive about expanding overseas and a fine example is its latest buy — Anglo-Dutch steel maker Corus. So is Jet Airways, which is on the threshold of seeking a global identity.