Vaishali Kasture will be the second top executive to depart from AWS to Microsoft in the last year, as the companies compete to get a larger share of the cloud business in India.
The top sectors by contribution to CXO movements in 2023-2024 are ‘Manufacturing’ (21 percent), banking, financial services and insurance or BFSI (16 percent) and Technology (14 percent).
Despite a dip in hiring full-time employees, departments such as sales & marketing, and finance have witnessed a growth of 23.24 percent and 21.45 percent, respectively, according to data by RazorpayX Payroll
In his role as CFO, Bhandari will be responsible for closely collaborating with the founders on strategy
CXOs who are digitally savvy, flexible, adept in change management, visionary, have a purpose mindset and who can provide empathetic leadership are hot property in today's fast-changing times.
It’s a win-win for CXOs and firms; it comes with multiple benefits, including no attrition of top executives midway and bottomline being given priority in performance appraisals. The accelerators in CXO remuneration are enabling opportunities to earn 100% or more than the cash salary.
Simplilearn have opened several top-level positions including VPs and CXO-level roles as it seeks to accelerate growth in India and the US. When Blackstone invested in July-August, Simplilearn had reported a revenue of Rs 357 crore, which has crossed Rs 800 crore. And by end of FY23, the number is set to be more than Rs 1,300 crore, says Kumar.