India's top cos losing their captains one after another

India's business landscape is undergoing a significant leadership transition as some of the country's most recognizable CEOs are stepping down one after another. Tata Sons, HDFC Bank, Godrej Consumer Products, Air India, Eternal, and Biocon have all seen high-profile exits, reshaping the leadership at some of India's most prominent companies.

The trend extends beyond traditional businesses as Meta and Uber also witnessed senior technology executives moving on to OpenAI, indicating a growing pull of AI on corporate talent. N Chandrasekaran, Tata Sons chairman, is set to retire after almost a decade in the role, while Sashidhar Jagdishan and Atanu Chakraborty both resigned as managing directors and CEOs of HDFC Bank, citing challenges related to the bank's integration and execution.

Godrej Consumer Products CEO Sudhir Sitapati also resigned after just five years, despite shareholders approving his reappointment. Campbell Wilson, Air India CEO, resigned after a fatal crash and operational challenges, and Meta's Sandhya Devanathan joined OpenAI from her role as vice president and head of India and Southeast Asia.