There seems to be an exodus of top talent from multinational corporations to domestic companies amid the pandemic with dozens of high calibre CEOs and CXOs making the move since 2020.
Extensive capital expenditure plans, rise in private equity and merger and acquisition (M&A) deals, a booming stock market, newness of many of the expansion projects, and increased decision-making power are some of the reasons attracting the top talent to Indian companies, according to company promoters, board members and executive search consultants.
\u201cThere is much more action and growth happening in Indian companies, fuelling this movement,\u201d said Harsh Goenka, chairman of RPG Group. \u201cIn MNCs, a lot of major decision-making is left with the corporate headquarters whereas in Indian companies senior leaders get a chance to be the foot and arm of the organisations. Indian companies give much more freedom to think.\u201d