MAM
The rise of young execs in agencies
MUMBAI: When you walk into a government office or a bank, chances are you will find over half the employees above the age of 35 years. The office environment is dull, boring and serious. On the contrary, if you were to visit an advertising agency, you would be surprised to see young executives driving the growth for the company and donning the executive hat. Today, agencies don’t blink an eye before appointing exes who are as young as 25 years and oh boy, they run the company!
Generation-Y is the first generation that grew up with the internet, and these youngsters, also termed as millennials, are used to having everything at their fingertips. They are pragmatic, connected, bold, and eclectic. Millennials also have a heightened social consciousness compared to previous generations. They believe they can change the world and are not afraid to take risks and challenge the status quo. They are forthright and fearless, insist that their voices are heard, keen to share their ideas, opinions and views on a subject, not afraid of hierarchies to ask questions. This obviously leads to a positive business impact and makes them a great asset for companies.
Big brands hop onto campus placements to source the next wave of fresh talent for their businesses or offer internships that turn into fully fledged employment. The world’s largest advertising media company, GroupM, hires close to 30 leadership trainees from the top B-schools and they undergo a six-month training before they are assigned to their roles. GroupM also hires lateral talent from premier B-schools due to which they are able to assign bigger roles to them fairly early in their careers.
iProspect India CEO Rubeena Singh notes that we are currently in the digital age of disruption and millennials are better equipped to navigate it. They are usually more abreast with the latest in technology and are comfortable in using it for seeking solutions. In many ways, they are making agencies more tech-savvy, helping them meet complex client needs in a fast-changing digital economy.
Mentioning that this generation has led to breaking silos and more collaboration, which is good for clients and agencies, Singh believes this is because millennials tend to work across departments, tapping into broader expertise rather than struggling on their own in the hope of claiming the glory. She adds that they are quick learners and are willing to go the extra mile, not limited to a hierarchy or an insular structure and the focus is on getting the job done.
Having internal employee mobility programmes is the core of ensuring talent retention and elevating the younger lot to explore various roles early in their career. GroupM chief HR and talent officer of South Asia Rohit Suri mentions that the group runs an extensive employee mobility program which provides its employees the opportunity to apply for various roles within the organisation in India and across the region and GroupM India is the largest exporter of talent to the APAC region.
Agencies are also increasingly investing in employee training programmes which help them in updating their skills and talent. Media agency Vizeum appoints its star performers to a program called Route 500 every year wherein such candidates are accorded disproportionate training and development opportunities and a fast track growth path within the network.
India’s largest integrated communications agency Ogilvy undertakes leadership sessions to enhance the younger generation’s skills through workshops and training sessions. Ogilvy India national head of talent and HR Monty Bharali believes that learning interventions potentially accelerate a professional’s capability and possibly, growth and these days that’s very welcome.
The people and teams are usually the backbone of a company. Without them, it’s impossible to run a business, especially one involving servicing. Investing in talent is extremely crucial for companies as it’s now almost a prerequisite for organisations to have development programmes for their employees. iProspect has a number of programmes to nurture talent and give its employees scope to move forward. A program such as NEXTGEN is designed for individuals to identify their calibre and accelerate their career to a higher / leadership level, employee exchange programs providing them with the opportunity for knowledge sharing and collaboration across global markets, iProspect University which is a central learning platform, Certified iProspect Learning Series that is crafted for employees to be informed on every aspect of digital marketing, national and international conferences, employee of the month title and fun Fridays.
The millennial employee group is extraordinarily creative, believes in excellence and is impatient to be shown in all of its capabilities. In an organisation built around creativity and excellence, its human capital will always be the greatest strength. Bharali opines that it’s essential to retain great young talent today as agility and adaptability are the need of the hour.
Young talent is probably the most expensive asset for agencies and Vizeum media associate general manager Saumya Agarwal points that talent retention continues to gain more importance as the availability of right talent remains a big challenge and it takes far more time, energy and money to replace than to groom an existing talent.
On a different note, The Glitch co-founder and content chief Varun Duggirala thinks that the idea should not be talent retention but talent farming. “Companies need to build great talent, nurture them and if and when they move on, be happy that you’ve sent the right kind of talent into the world,” he says.
One can criticise millennials for being fickle job-hoppers who show little interest in their work, but they actually care more about professional development than the previous generations which will only lead to more young executives in the industry going forward.
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Brands
Tessolve lands a semiconductor veteran to drive its next big push
Ravi Kumar Chirugudu, who started his career at ISRO and has spent 35 years building chips and companies, joins the Bengaluru-based firm as president and chief operating officer
BENGALURU: Tessolve has never been shy about its ambitions. The Bengaluru-based engineering services firm already counts 18 of the world’s top 20 semiconductor companies among its clients, employs more than 3,500 engineers across 12 countries, and last year pocketed a $150m investment from TPG. Now it has hired the executive it believes can turn those assets into something bigger. Ravi Kumar Chirugudu, a 35-year semiconductor veteran who once built satellite payloads for ISRO and has since scaled engineering organisations across three continents, joins as president and chief operating officer, effective immediately.
THE MAN AND THE MANDATE
The appointment is, by any measure, a serious hire. Ravi Kumar Chirugudu comes to Tessolve after senior leadership stints at HCL Technologies, Altran and Wipro, where he managed large profit-and-loss portfolios and oversaw cross-regional teams. Over the course of his career, he has been instrumental in bringing more than 1,000 new products to market across the high-tech, energy and manufacturing verticals. Before the private sector claimed him, he began his working life as a scientist at the Indian Space Research Organisation, contributing to research and development in charge-coupled device technology and satellite payloads, a foundation that shaped everything that followed.
In his new role, he will lead Tessolve’s global growth strategy: expanding its engineering capabilities, deepening customer relationships and accelerating innovation across semiconductor and high-performance computing domains. The brief is broad, but the context is specific. Tessolve operates in the $550 billion global semiconductor market, and its recent moves, the acquisition of Germany’s Dream Chip Technologies and the TPG funding round, have sharpened both its reach and its expectations.
Srini Chinamilli, co-founder and chief executive of Tessolve, is characteristically direct about why Ravi Kumar Chirugudu was the choice:
“As we scale our global semiconductor and system engineering capabilities, Ravi’s appointment marks an important step forward. As global semiconductor demand continues to accelerate across industries, it is creating significant opportunities across the semiconductor lifecycle, from design, packaging, validation and systems integration. Ravi’s deep knowledge and leadership in this ecosystem brings the right mix of industry expertise, customer connect and execution capability, which will play a key role in strengthening our position as a trusted global engineering partner and reinforcing our market leadership.”
THE NEW ARRIVAL SPEAKS
Ravi Kumar Chirugudu, for his part, frames the move in terms of timing and culture, two factors that veteran executives tend to weigh as heavily as title or compensation:
“I am happy to join Tessolve at a time when the industry is rapidly evolving towards more complex, AI-driven systems. What stands out to me is its strong people-first culture and its commitment to bringing value to its customers. The strength of its global team, combined with its deep expertise in semiconductor innovation and next-generation product engineering, creates a solid foundation to build differentiated, scalable solutions. I look forward to working closely with the team to drive strategic growth and strengthen its role in shaping the global semiconductor ecosystem.”
The reference to AI-driven systems is not incidental. The semiconductor industry is in the midst of a structural reshaping, driven by the insatiable compute demands of artificial intelligence. For engineering services firms like Tessolve, which offers end-to-end capabilities from silicon design to packaged parts and invests in high-performance computing, high-speed interfaces, photonics and 5G, the moment is both an opportunity and a test. The company says it is well positioned to capture the next wave of industry growth. Ravi Kumar Chirugudu is now the person who has to prove it.
He came in from outer space, literally, and spent three decades learning how the semiconductor industry works from the inside out. Now Tessolve is betting that accumulated knowledge can help it cross the next frontier. In the $550 billion global chip market, the gap between ambition and execution is measured in engineering hours and leadership quality. Tessolve has just gone shopping for both.
