The CIO Season of Change

DQI Bureau
New Update

Every rebound after a slowdown is marked with a lot of lateral movements

within sectors. And those movements are often an indicator of the vibrancy of

the sector. The revival after the 2008-09 slowdown, however, is seeing a very

different but definitive trend: a lot of lateral movements among CIOs who are

leaving organizations that they have been with for long time.


It started with the first signs of revival: around September 2009 and with a

bang. Ashish Chauhan, who was with the Reliance Group for close to six and half

years, decided to move out to where he came from: the bourses. Chauhan who was

Reliance Industries CIO before moving to the role as CEO in Mumbai Indians was

in the founding team of NSE. In September last, he moved as the deputy CEO, BSE.

That is also the time when Pradeep Kalra left Yes Bank, where he was working for

more than three and half years to head IT in SKS Microfinance. Vinay Hinge, the

then GM, IT, Raymond who was with the company for close to three years, moved to

Avenues Supermarts as its CIO.

While the festive season in October did see a little pause, by

November/December, it was clear that it was becoming a trend, when a few more

CIOs switched jobs. Among them was GN Nagaraj, who left as CTO of Reliance Money

to take up the job of CIO at Religare Enterprises. Subodh Dubey, the CIO at K

Raheja Group moved as the group CIO at Usha (Shriram) International.

Incidentally, both of them shifted from Mumbai to Delhi. It is too early, though

to say, if it is yet another indication of the business power shift from Mumbai

to Delhi. K Raheja Group, of course, did not have to look out for a replacement.

Arun Gupta, one of the best minds in the fraternity, and the CIO in one of the

group company, Shoppers Stop, was made the Group CIO.

Pradeep Kalra Ashish Chauhan

Vinay Hinge
GN Nagaraj Subodh Dubey

Sukanta Nayak, who was in Usha International moved as the AVP of Shriram

Group company, Mawana Sugars. The others who switched at that time included TP,

Anant who was with Mumbai International Airport for three and half years moved

as the CIO of Arshiya International; and Rajat Sharma, who ended his five and

half years stint with Shree Cement to move to Atul as president, IT. December

also saw another high profile CIO, Venkat Iyer, moving from Pfizer to Star TV.

Iyer was with Pfizer for close to three years. Prince Azariah, the erstwhile CIO

of MRF, who had quit MRF Tyres after more than three years earlier in the year

and had relocated to Mumbai, has joined ACC as the CIO.

Sukanto Nayak Arun Gupta

Yateen Chodnekar
Dhiren Savla

The new year saw continuation of the trend even as Yateen Chodnekar, who was

the CIO of Mangal Keshav Group moved to Morgan Stanley to take up an APAC

responsibility. More recently, Dhiren Savla, one of the most articulate CIOs in

the industry, decided to end his six year old stint with Kuoni Travels to take

up the role of director, IT with CRISIL.

At the time of writing, we have information that at least three more CIOs

would move out, but we could not confirm the information. Going by the logic

that lot of lateral movements often point to a vibrancy in a sector, one can

extend the logic to conclude that post-recession, business has woken up the

value of IT more than ever before.

Shyamanuja Das