MBA Forum Addresses Non-resident Indian Entrepreneurs

Some 25 million people of Indian origin do not live in India, according to the country’s ministry of overseas affairs. The Indian government recognizes them as People of Indian Origin (PIO). A high-profile subset of this group (though, strictly speaking, it is a classification for tax status) is the Non-resident Indian (NRI), which is loosely considered to mean Indians who have emigrated in recent times. Their ranks include many highly successful scientists, entrepreneurs and corporate executives, including PepsiCo CEO Indra Nooyi, Microsoft CEO Satya Nadella, former Citigroup CEO Vikram Pandit and Google chief business officer Nikesh Arora.

Jagmohan Raju
Professor Jagmohan Raju at the India Economic Forum

During the recent Wharton India Economic Forum, participants in a panel titled, “NRI: Leveraging Your Roots,” discussed how people with this designation can use their Indian roots and the resources at hand to build successful careers both in India and abroad. They also discussed the social and economic challenges this group faces, and, at a time when India’s growth rate has slowed, what kind of role NRIs might play in enabling India’s further emergence as a global economic leader.

The panel of four prominent non-resident Indian entrepreneurs included Sanjay Govil, founder and chairman of Infinite Computer Systems; Munish Narula, who founded Tiffin.com, Tashan Restaurant & Lounge and Tiffin Bistro, now part of the Narula Restaurant Group; Prasad Setty, vice-president of people analytics and compensation at Google, and Kanika Dewan, founder and chairperson of Ka Design Atelier and group president of the Bahrain-based Bramco Group. The moderator was Jagmohan Raju, a Wharton marketing professor and director of the Wharton-Indian School of Business Program.

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Originally Published March 7, 2014, by Knowledge@Wharton.