The Hindu News Update Service
News Update Service
Tuesday, February 12, 2008 : 0315 Hrs
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Indian IT firms going global, even in boardrooms
New Delhi (PTI): It's not just the business where Indian IT companies are
expanding to the global shores, even their boardrooms are getting an
international
flavour.
A dozen of Indian IT firms, including giants like Infosys, TCS and HCL
Technologies, have a minimum one foreigner sitting on their boards, according to
an analysis of their board of directors compositions.
Other major firms in IT space with non-resident Indians as their directors
include Mahindra group's Tech Mahindra, Patni Computer, iGate, iFlex, Mphasis
and Moser Baer.
Besides, BPO majors Genpact, WNS and EXL Service also have one or more
foreigners as their board members.
According to industry experts, having people with significant experience in the
global markets, even if as independent directors, helps a company establish
a global brand value and it becomes more relevant for IT companies whose most
of the revenue come from overseas markets.
A number of these companies, although having most of their operations in India,
are also listed in the US. Such companies include Infosys, Patni, Genpact,
WNS and EXL.
"Infosys is a truly global Indian company.....we became the first company to
get listed on the Nasdaq in 2006," Infosys co-Chairman and founding member
Nandan Nilekani said on the sidelines of a conference here.
According to Infosys, its board consists of senior officers of the company, as
well as external members who are "global leaders with high achievements in
business and society."
"Infosys board brings together a team of technology, business and social
visionaries who provide direction to Infosys' executive management in a dynamic
economic and business environment," the company says on its website.
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