Why do foreign companies love Indian CEOs?
A thread 🧵 - 1/12
#bigtech #siliconvalley #India #indians #IndianAmerican
According to Quartz, about 60 foreign companies with a market cap of $1 billion or more are run by Indian CEOs. From Adobe, Microsoft, and Google to even Olyfans, Indian or Indian origin CEOs lead the list.
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Not just big tech companies, Indians have also founded some well-known startups in silicon valley. Robinhood and Instacart have Indian co-founders.
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Immigrants are some of the most successful people in the United States. Among them, the Indian diaspora has the highest average income and college degrees in the United States.
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Why do companies love Indian CEOs? There are 3 main reasons.
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First, Most of these CEOs are graduates of top Indian institutes like IIT and IIM. In India, IITs and IIMs are considered the best institutes for engineering and management.
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Getting into IIT and IIM is all about clearing JEE and CAT, arguably the two toughest exams globally. These future CEOs stand out from the crowd as they have cleared these exams. It makes those future CEOs quick learners and cream of the bunch.
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Second, India is a nation of 140 crore people. For most Indians, getting admission into top colleges or getting a job is a competition. The future CEOs have already acquired the competitive spirit.
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They also have the ability to perform well under pressure. Indians naturally become the most attractive candidates for high-stakes and high-risk jobs like CEOs.
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Third, India is known for Jugaad. And Indian CEOs carry the inherited talent of jugaad with them to the companies they go to. Indian CEOs often find the simplest solutions to the hardest business problems and challenges.
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