As well as being the 6th largest country in the world, India is also the world’s largest democracy and second most populous country with a population of 1.15billion and growing (7% a year). Emerging as a major power in the 1990s, it has a fast-growing and powerful economy (growth of 8.5% in 2009).
With its many languages, cultures and religions, India is highly diverse; it is also city centric with Delhi and Mumbai alone accounting for 32% of GDP. Main exports include Agricultural products, textile goods, gems and jewellery, software services and technology, engineering goods, chemicals, leather products.
InterSearch has offices in New Delhi, Bangalore, Calcutta, Chennai and Mumbai. Jyorden Misra is our partner in the country:
What are the main sectors and industries in your country?
The Broad categories that we work under:
Engineering , Aviation & Infrastructure
Automotive
Energy & Environment
Consumer & Retail (Durables, Non-Durables, Food)
Social / Development Sector
Microfinance
Life sciences / Healthcare / Pharmaceuticals
Technology (ITES & IT)
Telecom
Banking and Financial Services
Services (Hospitality, Travel, Media, Real Estate)
Do you provide other services to clients?
No, we specialize only in retained, senior management executive search
How much international work do you do?
Apart from the referrals from InterSearch partners, our talent identification programme straddles the global markets, which has enabled us to successfully execute assignments involving specialized skills for India based operations as well as internationally located assignments. We also execute assignments focusing on specialized skills (domain, technology, markets) which at times may not be prevalent in abundance in the subcontinent. This talent often has to be identified and attracted from more mature markets overseas. Our international reach covers global markets which successfully augments the talent pool from where clients can make a quality choice, be it an expatriate or a PIO (Person of Indian Origin).
What projects are you working on at the moment?
Current ongoing projects / closure stage projects
Consumer & Retail
Colgate Palmolive – Head of Marketing (Personal Care)
Ballarpur Industries – General Manager (Corporate Human Resources)
Bata India – Head of Merchandising, Vice President of Procurement, Deputy Company Secretary
Galaxy Surfactants – Head of Compliance, Head of Business Creation
Engineering / Infrastructure / Automotive
Faurecia Automotive Seating India – Plant Manager, Human Resource Manager, UAP Manager, FES Manager
Kemppi – National Dealer Sales Manager
Norma India – Head of Plant Operations, National Sales Manager (Distribution Services)
Schmolz-Bickenbach – Head of Sales
Tridem Port & Power Company – Head of Mechanical Design & Projects
Tudor India Limited – Director Manufacturing
ReStore Energy Systems – Director of Business Development
Leading Farm Equipment & Engineering Company (confidential) – Head of Sales & Marketing
Healthcare & Pharmaceuticals
Besins Healthcare – Managing Director India
Orion Pharmaceuticals – Head of Supply Chain
Stryker India – Director Human Resources, Business Leader, Head of Compliance
PI Industries – Chief Technology Officer, Head Business Development, Business Head (CRAMS)
Social / Development / Education Sector
Karnataka Health Promotion Trust – Project Director
Michael & Susan Dell Foundation – Grants Officer
Hand-in-Hand – CFO, Documentation Manager
Value Budget Housing Corporation – Head of Vocational Based Training, Head of Montessori
Hippo Campus Learning – Director Service Delivery
SREI Sahaj – Vice President Capacity Building
Sujaya Foundation – Head Operations
Microfinance
Madura Microfinance – Head Micro Education, Head Micro Markets
MicroSave – Senior Financial Services Project Manager, Microfinance/ M-banking Specialist, Senior Analyst, Knowledge Management & Training
Information Technology
Vortex – Head Production Engineering
Kale Consultants – Head DSS Analytics, Practice Head for Airlines
Quint Wellington – Business Manager Consulting
Olam international – Practice Head SAP
How has the market changed in the last three years?
After a dream run of almost 5 years, the following two years i.e. 2008 & 2009 were years of correction, if not a slowdown for India. Even then it remained among the top three investment destinations, despite the recessionary conditions across the globe. The corporate sector has been resilient to the global slowdown - industrial output grew at its fastest y-o-y pace in almost two decades at 16.8 per cent in December 2009, signalling a strong recovery.
The manufacturing sector, which constitutes around 80 per cent of industrial output, expanded by 18.5 per cent to set the pace of growth. Business confidence in India has touched a two-year high in January 2010, according to the latest NCAER-MasterCard Worldwide Index of Business Confidence.
The Indian economy has registered a growth of 7.4 % in 2009-10, with 8.6 per cent y-o-y growth in its fourth quarter. The growth is driven by robust performance of the manufacturing sector (16.3% in January-March 2010, from a year earlier), other economic activities which showed significant growth rates in 2009-10 over the corresponding period last year were mining and quarrying (10.6%), manufacturing (10.8%), electricity, gas and water supply (6.5%), construction (6.5%), trade, hotels, transport and communications (9.3%), financing, insurance, real estate and business services (9.7%), community, social and personal services (5.6%). Capital goods production grew by 72.8% against a contraction of 5.9% a year ago and Consumer durables output continued to grow at a fast pace of 37%. The biotechnology sector grew 29% from 2007.
The number of corporate merger & acquisitions (M&As) and private equity (PE) transactions, have more than doubled during January-May 2010. 439 M&A and PE deals valuing over US$ 30 billion took place between January-May 2010 as compared to 179 deals worth US$ 8.1 billion in the corresponding period in 2009.
The HSBC Market Business Activity Index, which measures business activity among Indian services companies, based on a survey of 400 firms, rose to 62.1 in April 2010, its highest since July 2008, and compared with 58.1 in March 2010.
Manpower’s recent Employment Outlook Survey says that India is the most optimistic in recruitment intentions in the coming quarter after China and Taiwan. Education, service sectors and public administration would be the biggest recruiters. Testament to that is the fact that India Inc’s hiring activity surged by 28% in August 2010.
As leader of the firm how do you spend your time?
I honestly believe that running a business is not all about leadership, and owning a business is not all about entrepreneurship. In today’s business environment, we cannot settle for incremental improvement; to succeed and remain on top is defined by building a value-based strong team and getting personally involved.
Fellowship & Followship - as team leaders, we ensure that everyone in the organization focuses on client satisfaction defined by true hard work and professionalism. Developing relationships and identifying potential opportunities and branding – my time is defined and influenced by the capabilities and the support of the organization I lead.
Aforementioned is where I spend most of my time and on a more serious note…….Yet, there is always time to raise a glass!!
