This is the 25th year of existence of ' Head Hunters India'. This would not have happened without you - my colleagues at Head Hunters , our customers , our well wishers from the IIM community and above all the candidates who trusted with their career , with their life.
Without all your support , we would not have been rated among the top 5 Indian owned Executive Search companies. Today, we are 40 + strong. Our people are our assets, our strength. We have among us PhDs, Chartered Accountants, MBAS, Software Engineers, Production engineers and IIMs. We have six offices across India. Our top management team has 110 man years of experience in industry / consulting both in India & overseas.
For all this, I have to thank you once again.
My memories go back to ‘87 when I started 'The Head Hunters' from a small home office in Bangalore. At that time, nobody in India knew about 'Headhunting'. The concept of Executive Search was unknown in boardrooms of India. I used to be asked in parties what do I do ! and I used to say ' I am a Headhunter'. I had to explain the rationale of my business and even then many people were baffled.
Those days, the craze was to go overseas - Dubai, Kuwait, Bahrain, Oman, Saudi, were the places of choice. Nigeria, Kenya followed. India had 97% tax at the highest slab. CXO Salaries were between Rs. 20 to 30 Lakhs. The concept of CTC was not simply there at all.
In the late 90s the cellular revolution started. Salaries went North. We saw CEO salaries touching a crore+. The software revolution, thanks to Y2K started simultaneously. Starting salaries for software engineers went up from 40 000 to 50,000 to 2 Lakhs.
The early 2000s saw the beginning of Reverse Migration - particularly from USA and UK. Thanks to the dot.com bust many Indians lost jobs there and started looking for jobs in India.
India is the destination of choice. We find that MBAs from Harvard, Stanford, Wharton, post-graduate engineers from MIT, Carnegie-Mellon and so on come back to India voluntarily. They find that India offers better career prospects in the long run as well as in the short run. Also Indian salaries have started matching American salaries.
I was in Shanghai recently for an INSEAD meeting. I found that the youth in China are somewhat like India. They are energetic, they work a lot and they spend a lot as if there is no tomorrow. Both China and India are alike – they are going to depend more and more on their domestic economies. In both places I found there is a lack of talent, lack of right talent, lack of professional talent, which is hurting growth.
After my Shanghai visit, I am confident that the next 25 years is the India story.
In our 25th year, we at 'The Head Hunters India' continue bring together the ' Right Talent' with the 'Right Employer' for the 'Right Job'. This is neither mathematics nor simple match making. It is a potent mixture where we have to take into account - the company, its culture, the candidate, and our own 25 years of Executive Search experience.
Our task is to continue to maintain our high quality & ethics. We firmly believe that we should present our client to a candidate professionally. Similarly, the candidate is presented without bias to the client with our own recommendations.
We would like to become among the top 10 Executive Search companies in Asia by 2020. We are focused on Asia because this is the region which will grow in the next 10 years.
Friends, I once again thank you for your unstinting support without which we would have not achieved these heights.
I thank you once again and I look forward to your continued support.