Growth – Late entrant to India market, a stagnant business facing challenge in gaining share and attracting talent

09/04/2023

Business:

Mid-sized Global MNC with more than 50 extremely diverse and specialized operating businesses

Challenge:

A late entrant to India market, a stagnant business facing challenge in gaining share and attracting talent, with little enthusiasm from HQ

Actions:

Built a team of high potential achievers, with a mix from within/outside industry.

Created a reward structure attractively incentivizing performance and achievement

Created a one India team, sharing leads and actively cross-selling

Set up a service business

Results:

Achieved Sales CAGR of 11% over 9 years

Grew service business from 0 to Rs 240Mn

Voluntary attrition of less than 6% over 9 years, achieved zero voluntary attrition of key leadership team while headcount increased from 0 to 290

Share
Tweet

Leave a Reply

Your email address will not be published. Required fields are marked *