Indian CEOs ‘account for $1 trillion in revenue’
A group of 58 Indian-origin executives heading various companies across 11 different countries, including the US, Canada and Singapore, collectively employ more than 3.6 million people and account for a combined $1 trillion in revenue and $4 trillion in market capitalisation, according to a list released by a US-based top Indian diaspora organisation.
Indian-origin business leaders are reaching the pinnacle of corporate success in greater numbers than ever, many use their platforms for social change advocacy, said Indiaspora, a non-profit organisation of global Indian diaspora leaders from various backgrounds and professions.
The Indiaspora Business Leaders’ List of 58 executives head companies headquartered across 11 different countries, including the US, Canada, England, and Singapore. These companies have delivered annualised returns of 23 per cent during the tenure of these executives, outperforming the S&P 500 by 10 per cent.
The companies collectively employ more than 3.6 million worldwide and account for a combined $1 trillion in revenue and $4 trillion in market capitalisation.
“We wanted to capture this incredible feat that our community is achieving with increasing numbers,” said Indiaspora founder M.R. Rangaswami, a Silicon Valley-based entrepreneur and investor.
“The impact that the Indian diaspora is having in the realm of business is remarkable. It’s one of the reasons we launched this project, and we hope our lists will continue to raise the profile of those who have reached the very top of their fields while also serving as agents for positive change,” Rangaswami said.