Managing a company of the size of Citigroup is not an easy task, and that is what Mr.Vikram Pandit has been doing for the past one year. He might have been placed among the worst CEO’s ever but that does not fail him as a strategist. In 2009, Citigroup is the only company in the financial sector that has managed a profit in the first quarter despite the five consecutive losses worth millions of dollars. IT firm Cognizant Technology is possibly the only other American blue-chip company in this league to report a rise in profits for the same period. Other companies like Pepsi which is led by another Indian and more have not managed to be successful. It might not be a great but a good beginning for Indian led companies to emerge successful this year.

Citgroup

ZaaBiz would like to wish all the NRI CEO’s a great 2009, hope they can beat the losses this year.