11 Biggest Companies with Indian CEOs
In this article we are going to list the 11 largest companies with Indian CEOs. Click here for the 5 largest companies with Indian CEOs. India is one of the largest economies in the world and at the same time the largest democratic country in the world. It is home to over 1.3 billion people in the world and has become one of the most exciting and dynamic economies in the world.
Despite its size and strength, India is basically a developing economy, more of a developed economy. It has an emerging middle class population and an even larger population that is inherently poor. It has the largest number of people living below the international poverty line of $ 1.25 per day, according to the World Bank. While India has made progress in this regard, given that it has reduced that population from 60% in 1981 to 42% in 2005 and 21% in 2011, much more needs to be done to keep up the standard of improve living in the country. In addition, and this was a shocking statistic to me, there is a report that states that more than 18.3 million people in the country are living in the conditions of modern slavery, which include child labor, bonded labor, forced begging and human trafficking . Child labor is another major problem in the country. It is estimated that more than 10 million children are employed, although even that number has fallen from 12 million in 2001. Despite the minor improvements, inequality in India is actually also growing year by year.
Because of the above issues affecting India's production, as well as its perception in the modern world and developed economies, few people considered Indians suitable for top jobs from top companies. Indian immigrants often got marginal jobs in most countries, and while this is still true to some extent today, it is more suitable for those who do not have a high level of education. In the tech space in particular, Indians have shown they are unmatched and the technological revolution that has occurred over the past few decades, and especially the past two decades, has allowed Indians to break the glass ceiling in terms of opportunities in top companies .
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In addition, you will have difficulty finding people who are more hardworking or willing to adapt, learn, improvise and overcome compared to Indians. This is because they are generally aware of and are grateful for the privilege and the opportunities offered to them in general. In addition, India has dozens of different cultures, each with their own language, history and identity, and the people in the country need to unite and therefore it is easier for them to do the same with different cultures in real big global companies. This is why more and more Indians are being offered such opportunities, as those who have received these opportunities before have directly seized them and have ensured that more and more people are given such opportunities. This is why 10 Indian CEOs are on the Fortune 500 list, including some of the largest companies not just in the US but worldwide. In fact, most of these companies belong to the tech industry, where the Indians have demonstrated their superiority. Does this mean that there will soon be a time when Indians will actually over-represent their country compared to the proportion of Indians who are Indian? It's definitely possible, but only time will tell.
Why is it even more talked about these days in 2020? Well, that's because the youngest Indian became CEO of a large global corporation when IBM (NYSE: IBM) announced that Arvind Krishna would become the country's next CEO. When you have a large country of over 1.3 billion people, you have a far greater chance of finding brilliant people, and this is backed up by the fact that the country's huge middle class population is also extremely competitive, with limited options available . Because of this, there is tremendous pressure on these families to get their children to study, which is why 77.5% of immigrants in India in 2016 had at least a bachelor's degree. This was the highest of any country with immigrants in the United States. If you look at this versus graduating Native Americans, that percentage is actually only 31.6%. With fewer Americans studying computer science and engineering, foreign students have moved in, and this is one of the places Indians have excelled. Without attempting to reduce the contribution of Indians, diversity has become one of the demands of modern business, and pressures on companies to hire individuals other than all-white men have increased. Add to that pressure how Indians have excelled in various fields and they have an advantage from that perspective as well.
If you think about it, the rise of the Indians to the top positions really gives credence to the American dream. that you immigrate to the country, work hard and the world is in your hand and the country can boast of the largest companies with Indian CEOs as a token of success in its belief in the American dream. These largest companies are mostly focused on the tech industry, although there are CEOs in other industries as well, including the credit card industry, but again, the focus is on the tech industry. These companies have sales of more than $ 500 billion, and revenue is the metric by which we have identified the largest companies with Indian CEOs. There have been some companies that had Indian CEOs until recently, but since these CEOs have left in recent years, we couldn't add them to our lists. This includes Pepsi (NASDAQ: PEP), one of the largest beverage companies in the world, and CEO Indira Nooyi, a woman who Forbes and Fortune have ranked among the most powerful women in the world over the years. She resigned from her position in August 2018. Meanwhile, Nokia also had an Indian CEO in Rajeev Suri who was CEO from 2014 to July 2020. Conduent and Harmon International (NYSE: HAR) also had Indian CEOs, only one of whom had recently left their positions and will therefore be missed on our list. Now let's take a look at these companies starting with number 11:
11. Arista Networks
Total sales for 2019 (billion dollars): 0.65
Company director: Jayshree Ullal
Arista Networks is not only unique because there is an Indian CEO, but also an Indian CEO woman who breaks down several barriers at once. The computer network company named Jayshree as CEO in 2008.
16 most technologically advanced countries in the world in 2017
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10. Palo Alto Networks (NYSE: PANW)
Total sales 2019 (in billion dollars): 3.5
Company director: Nikesh Arora
Palo Alto Networks, a cybersecurity company, has more than 70,000 customers in at least 150 countries and serves 85 of the Fortune 100. Nikesh Arora was initially President of the SoftBank Group before becoming CEO of Palo Alto Networks in 2018.
Palo Alto Networks Inc. (NYSE: PANW)
Pixabay / Public Domain
9. NetApp (NASDAQ: NTAP)
Total sales 2019 (billion dollars): 6.15
Company director: George Kurian
NetApp is a cloud data services and data management company and has been part of the Fortune 500 since at least 2012. It has 10,500 employees and George Kurian is the CEO, having become CEO in 2015.
Pixabay / Public Domain
8. Adobe (NASDAQ: ADBE)
Total sales 2019 (in billion dollars): 11.2
Company CEO: Shantanu Narayen
Adobe Inc is a software company used by many professionals around the world specifically for photo and video editing. Narayen was named CEO in 2007 and has been in that position for 12 years.
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7. Mastercard (NYSE: MA)
Total sales 2019 (in billion dollars): 16.8
Company CEO: Ajaypal Singh Banga
Mastercard is a financial services company and is known to almost everyone with a debit or credit card. Ajaypal was named the company's CEO in 2010 and has also been very influential in the fintech industry.
Mastercard Inc (NYSE: MA), Card, Logo, Sign, Icon, Money, Dollar, Bank, Finance, Business, Pay, Express
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6. Reckitt Benckiser
Total sales 2019 (in billion dollars): 17.3
Company CEO: Laxman Narasimhan
Reckitt Benckiser makes a wide variety of consumer products, and this well-known UK company only appointed Laxman Narasimhan as CEO in September 2019.
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Disclosure: No position: 11 largest companies with Indian CEOs were originally published on Insider Monkey.
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