Curious about the typical Indian CEOs age? Our extensive research of 100 companies across 20 sectors uncovers intriguing trends and insights about the age dynamics of Indian CEOs.
We set out to understand the profile of a typical Indian CEO and took 100 companies across 20 chosen sectors, to map the CEO and their direct reports. Born out of this extensive research is the CEO Landscape 2024. This is the first of 9 insights on a typical Indian CEO and, deals with the age factor.
𝗔 𝘁𝘆𝗽𝗶𝗰𝗮𝗹 𝗜𝗻𝗱𝗶𝗮𝗻 𝗖𝗘𝗢 𝗶𝘀 𝗮𝗯𝗼𝘂𝘁 𝟱𝟳𝘆 𝗼𝗹𝗱 – 57.3y if you want to be precise. And, as would be expected, 53% of the CEOs fall in the 51-60 age bracket. What is perhaps surprising is that the next big bucket is 61+ bucket (30.2%) rather than the 41-50y bucket, which is only 13.2%.
At least in the media, much has been made out of young people becoming CEOs in the recent past. However, the data points the other way. 𝗧𝗵𝗲 𝗰𝗼𝗿𝗻𝗲𝗿 𝗼𝗳𝗳𝗶𝗰𝗲 𝗶𝘀 𝗴𝗲𝗻𝗲𝗿𝗮𝗹𝗹𝘆 𝗼𝗰𝗰𝘂𝗽𝗶𝗲𝗱 𝗯𝘆 𝟱𝟱+ 𝘆𝗲𝗮𝗿 𝗼𝗹𝗱𝘀.
And, this makes tremendous sense. 𝗔 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗮𝘁 𝟭𝟱% 𝗖𝗔𝗚𝗥 𝘄𝗶𝗹𝗹 𝗵𝗮𝘃𝗲 𝘁𝗿𝗶𝗽𝗹𝗲𝗱 𝗶𝗻 𝘀𝗶𝘇𝗲 𝗶𝗻 𝗷𝘂𝘀𝘁 𝟴 𝘆𝗲𝗮𝗿𝘀 – a company that was Rs 3000c in turnover would have touched Rs 10,000c and a company that started with Rs 10,000c would be at Rs 30,000c. Managing this kind of growth as well as the sizes reached, requires experience and maturity.
Even anecdotally, this resonates well – as someone helping clients hire a CEO, except where the Promoter is young and thus prefers someone younger, in most other cases, the clients tend to value the right experience over just age as a decision factor.
𝗡𝗼𝘁𝗲: The “CEO Landscape 2024” series is based on analysis of 100 Indian companies across 20 sectors covering both manufacturing and services. Analysis is based on very detailed analysis of CEO, CFO and the entire CXO team, covering nearly 1100 leaders.
Next up “𝗚𝗲𝗻𝗱𝗲𝗿 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝘁𝘆 𝗔𝗺𝗼𝗻𝗴 𝗜𝗻𝗱𝗶𝗮𝗻 𝗖𝗘𝗢𝘀”.
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