Asian industry is characterized by the presence of large conglomerates that have presence in multiple businesses. India is no exception. Most of the large traditional family owned businesses in India have extremely diversified portfolios—from edible salt to steel; shipping to retail; tractors to IT.
The subsidiary companies, in these “groups” enjoy varying degree of independence. While in some groups, major investment, M&A and other important financial decisions are taken at the group level, in some others, subsidiary companies take their own course completely.
But in either case, the operational decisions are always taken at the individual company level. That includes IT decision. Not surprisingly, the CIO are appointed at the company level.