The growth in the telecom industry combined with the growing consumer base and recent deregulations have fuelled the explosive growth in the Indian media sector as well. With many new trends surrounding convergence and triple play, there has been a rapid growth in digital media, online advertising, production and publishing spaces resulting in strong demand for savvy senior executives with technical and business capabilities.
Consultants at Longhouse come with a strong understanding of this dynamic sector and our access to senior executive talent across India and abroad has enabled to us to advise our clients in designing, discovering and attracting the savviest technical and business leaders to this space.
There has also been a strong trend of senior executives from abroad coming down to India to run operations or experience this exciting phase of the Indian technology industry. Longhouse's strong worldwide network in this space and our years of experience in this sector has enabled us to emerge as a premier partner to advise our clients in discovering and attracting the best leaders in following key sub-sectors in this space.
PRODUCT ENGINEERING: This space started out with India based teams being extended teams for individual modules and today is going through a phase where products are being designed and developed for local and global markets; India based leadership and involvement in entire product development right from market and product requirements, design, development and QA.
IT SERVICES: The services sector which provided the impetus for remarkable growth of the IT industry in India today enjoys a healthy mix of enterprise, consumer, online and service based application development. There are more than a million professionals working in this space in India with a growing demand for technical and business leadership talent.
Further, driven by increased competition and developing demand for consumer banking services, banks in India, in search of future business models and higher market share, are finding innovative ways to increase their penetration into the low and middle-income sectors by providing retail products and services specially designed for these groups. The emergence of a strong retail consumer base has translated into a larger demand for retail financial products and the emergence of several Retail Financial Services players offering customized services and products targeted at the various micro-segments in the marketplace. The last few years has also seen the Indian economy on a steep growth path; public markets, private equity and M&A activity have been at an all time high resulting in record investment banking revenues in this region.
However, finding the right kind of leadership in this space is still a challenge as many corporations are struggling to attract and acquire senior executives who can adapt and lead the way in a dynamic sector of a fast growing economy. Longhouse's extensive network of executives in this space, our understanding of the Indian Banking sector and deep knowledge of the Indian terrain has helped us to advise our clients in discovering and attracting the best executive talent for organizations in the following sub-sectors
Knowledge services, being the latest entrant to the booming Indian economy, is a growing segment with a strong demand for senior executives who are not only strong in their respective domains but also have a deep understanding of setting up and growing offshore operations. Longhouse's focus on this sector since its early stages and our access to executives from across the world has enabled us to advise our clients in designing leadership roles and acquire the best senior talent. As part of our knowledge services practice we work with the following sub-sectors.
LEGAL SERVICES Outsourced Legal Services or LPO is a space that is characterized by rapid growth, having a multi-billion dollar potential and requiring several thousand professionals working across several hundred firms in this industry. A variety of services, from litigation support to patent mining, are being delivered by LPO firms in India to customers around the world.
FINANCIAL RESEARCH Financial services companies today compete in a flat world where, more than ever before, the competition is intense, the customers are savvy and the marketplace is less forgiving. The services being performed offshore in India either through the captive or third party route include a variety of research, analytics and modeling services.
BUSINESS SERVICES With the Business Intelligence and Research marketplace is maturing in India, more sophisticated tools and techniques are clearly emerging. Many Indian and global Corporations are viewing these intelligence and research services as strategic and are making larger investments in management time and funds into this area.
With many early stage companies raising venture capital in India across a variety of sectors, there is a strong demand for leaders with the right kind of aptitude, experience and potential to take these ambitious firms through the phase of maturing and scaling up. With the strong global interest in the Indian market continuing in the PE space, the challenge is no longer about raising funds, but how to extract value from the portfolio investments, turning the focus from financial capital to human capital. Further, the success of these PE/VC firms in the big league of high stakes private equity plays over the long run depends heavily on one key factor - their teams of professionals. High on the agenda of India's PE/VC firms today is finding the right leadership teams to drive business in their portfolio companies. In the short term, experienced senior executives with in-depth industry knowledge and the right "ownership mentality" will increasingly be in demand.
Our extensive network and experience in this space enables us to advise our clients on all their leadership needs including executive search as well as non-executive and advisory board search and corporate introductions.
In particular, there has been a strong growth in the education sector in India, a social concern that has been looming over for many years. A considerable number of social organizations in this space have managed to raise capital and have begun to scale operations. Many such organizations are today experimenting with not only new models of education and life skills development but also trying out new revenue models in education, to ensure that they can take these concepts to where the need is, in a profitable and sustainable way.
Given the complexity of working in this space, finding the right leadership talent becomes the most important criteria for the success of these organizations. Consultants at LongHouse come with strong understanding of this sector and a deep knowledge of the Indian Leadership terrain which enables us to advise our clients in discovering and attracting the right kind of leadership to their organization. Above all, our team has the desire to be part of this journey.