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.
๐ ๐๐๐ฝ๐ถ๐ฐ๐ฎ๐น ๐๐ป๐ฑ๐ถ๐ฎ๐ป ๐๐๐ข ๐ถ๐ ๐ฎ๐ฏ๐ผ๐๐ ๐ฑ๐ณ๐ ๐ผ๐น๐ฑ โ 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. ๐ง๐ต๐ฒ ๐ฐ๐ผ๐ฟ๐ป๐ฒ๐ฟ ๐ผ๐ณ๐ณ๐ถ๐ฐ๐ฒ ๐ถ๐ ๐ด๐ฒ๐ป๐ฒ๐ฟ๐ฎ๐น๐น๐ ๐ผ๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ ๐ฏ๐ ๐ฑ๐ฑ+ ๐๐ฒ๐ฎ๐ฟ ๐ผ๐น๐ฑ๐.
And, this makes tremendous sense. ๐ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ ๐ด๐ฟ๐ผ๐๐ถ๐ป๐ด ๐ฎ๐ ๐ญ๐ฑ% ๐๐๐๐ฅ ๐๐ถ๐น๐น ๐ต๐ฎ๐๐ฒ ๐๐ฟ๐ถ๐ฝ๐น๐ฒ๐ฑ ๐ถ๐ป ๐๐ถ๐๐ฒ ๐ถ๐ป ๐ท๐๐๐ ๐ด ๐๐ฒ๐ฎ๐ฟ๐ โ 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 โ 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.
๐ก๐ผ๐๐ฒ: 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.
