Friday, 30 October 2026

Share your story
CEOs & Business Leaders

What Makes a Good Leader? 10 Lessons From Indian CEOs

Ten leadership qualities, each shown through a documented decision by an Indian business leader

A team lead has to tell her team that the project they spent three months on is being cancelled. She can send a two-line email, or she can explain why, say what happens next and listen to the frustration in the room. Both are decisions. Only one builds trust.

Moments like that show the real qualities of a good leader. Leadership is not the title on a visiting card or the authority to give instructions. It is the everyday work of earning trust, making sound decisions, communicating clearly and helping people reach a goal together.

This guide looks at ten leadership qualities through documented decisions by Indian business leaders — from Narayana Murthy’s approach to governance at Infosys and Indra Nooyi’s letters to her executives’ parents, to Harsh Mariwala handing Marico’s top job to a professional CEO. None of these leaders is flawless, and no company’s results belong to one person. But each example shows a quality in action, and each comes with practical ways to apply it in your own team.

What are the qualities of a good leader?

A good leader combines integrity, clear communication, empathy, sound judgement, adaptability and accountability with the ability to help other people succeed. Which quality matters most depends on the situation: a crisis needs decisiveness, a new team needs trust and clarity, and a changing market needs adaptability. No single leadership style works everywhere.

The ten qualities covered in this article are:

  1. Integrity and accountability
  2. Clear communication
  3. Empathy and emotional intelligence
  4. Strategic thinking and long-term vision
  5. Adaptability and learning
  6. Decisiveness and problem-solving
  7. Customer focus
  8. Collaboration and team development
  9. Resilience during difficult times
  10. Continuous learning and innovation

Key takeaways

  • Leadership shows up in specific decisions, not in personality labels.
  • Trust comes first; without it, good strategy struggles to get done.
  • The best leaders build teams and successors, not dependence on themselves.
  • Adapting is different from changing direction without a reason.
  • Every leader here also faced limits, criticism or hard trade-offs.

10 lessons from Indian CEOs about good leadership

1. Integrity and accountability — N. R. Narayana Murthy, Infosys

The quality: Being honest and transparent, and owning the results of your decisions.

The example: N. R. Narayana Murthy co-founded Infosys in 1981 and was its chairman and CEO into the early 2000s. Under his leadership, according to an ICMR case study, Infosys was among the first Indian companies to publish a corporate governance compliance report, released financial statements under both US and Indian accounting standards, and disclosed more detail than the law required, such as segment-wise revenue. In 2000 it received the Government of India’s National Award for Excellence in Corporate Governance.

Why it matters: Disclosing more than you must is a choice to be judged by outsiders. It builds trust with investors, clients and employees because they can check the claims. Governance is also a whole-board effort, not one person’s virtue.

How to apply it: Share team results honestly, including misses. Write down commitments and review them openly. When something goes wrong, say what you will change before anyone asks.

2. Clear communication — Deepinder Goyal, Zomato

The quality: Explaining goals, problems and changes so people understand what is happening and why.

The example: In May 2020, as the pandemic lockdown hit restaurants, Zomato co-founder and CEO Deepinder Goyal announced in a public blog post that the company would cut about 13% of its workforce and reduce salaries temporarily. He explained the reason directly — “A large number of restaurants have already shut down permanently” — and said the company needed to “preserve as much cash as possible to weather the storm,” TechCrunch reported. The post set out the terms: affected employees would get half their salary and health cover for up to six months, and pay cuts would be smaller for lower earners.

Why it matters: Layoffs are painful however they are announced. Clear communication can’t remove that pain, but it can remove uncertainty — people know the reason, the terms and what comes next.

How to apply it: When delivering bad news, state the decision, the reason and the support on offer in the first few lines. Give people a way to ask questions. Follow up in writing so nothing depends on memory.

3. Empathy and emotional intelligence — Indra Nooyi, PepsiCo

The quality: Understanding what matters to the people you lead, and acting on it.

The example: Indra Nooyi, born in Chennai, was CEO of PepsiCo from 2006 to 2018. Soon after taking the job, she visited her mother in India and watched relatives congratulate her mother on raising a CEO. She told Fortune she realised she had never thanked her own executives’ parents. She began writing to the parents of her direct reports, describing their children’s work, and later extended the practice to about 200 senior employees. The replies, she said, “opened up emotions of the kind I have never seen.”

Why it matters: This is an observable practice, not a claim about personality. It recognised that employees are part of families and that recognition outside the office can mean more than a bonus. It suited a culture where family pride matters — something many Indian managers will recognise.

How to apply it: Recognise specific contributions, not just results. Ask team members what support they need, and listen without interrupting. Small, sincere gestures often matter more than formal programmes.

4. Strategic thinking and long-term vision — N. Chandrasekaran, Tata Sons

The quality: Balancing today’s needs with where the organisation must be in ten years.

The example: N. Chandrasekaran joined TCS as an intern, became its CEO in 2009 and chairman of Tata Sons in 2017 — the first chairman without a family tie to the Tatas, according to Britannica. Under his tenure, the group took back Air India through the government’s privatisation, fixed legacy problems such as Tata Teleservices’ losses, reduced Tata Steel’s European exposure and placed bets on electric vehicles, batteries, electronics and semiconductors, The Week reported. Revenue of major Tata companies roughly doubled between FY20 and FY26.

Why it matters: Strategy means choosing what to fix, what to exit and what to build. The record is not one man’s work, and it is not without friction: in August 2026, The Week reported that he would step down as chairman amid disagreements over his reappointment, with succession unresolved.

How to apply it: Separate this quarter’s targets from the bets that shape the next five years. Revisit your portfolio of projects yearly and close the ones that no longer fit.

5. Adaptability and learning — Kiran Mazumdar-Shaw, Biocon

The quality: Changing course thoughtfully when evidence and opportunity point somewhere new.

The example: Kiran Mazumdar-Shaw started Biocon in 1978 in a rented garage in Bengaluru with ₹10,000. Its first products were industrial enzymes — papain from papaya and isinglass for clarifying beer. Over the following decades, Biocon moved from enzymes into biopharmaceuticals, including recombinant human insulin. In 2004, it became the first Indian biotech company to go public, according to Wikipedia. She remains executive chairperson.

Why it matters: The shift was not a sudden pivot. It built on skills the company already had in fermentation and biology, applied to a larger and harder market. That is adaptability with a reason, not a change for its own sake.

How to apply it: List what your team is genuinely good at, then ask where else that skill is valuable. Test new directions in small steps before committing everything.

6. Decisiveness and problem-solving — Venu Srinivasan, TVS Motor Company

The quality: Making a clear decision under uncertainty, and owning it.

The example: TVS Motor Company, led by Venu Srinivasan, ended its partnership with Suzuki in 2001 and began manufacturing on its own. It launched the TVS Victor, described as India’s first indigenously built four-stroke motorcycle, and in 2002 became the first two-wheeler company in the world to win the Deming Prize for quality management, according to Wikipedia. Srinivasan is now chairman emeritus.

Why it matters: Going alone was risky. What made it decisive rather than reckless was preparation: TVS had spent years building its quality systems through Total Quality Management since the late 1980s. Decisiveness works best when the groundwork is already in place.

How to apply it: Gather the evidence that matters, consult the people affected, set a deadline and decide. Then write down why you decided, so you can review it honestly later.

7. Customer focus — Falguni Nayar, Nykaa

The quality: Building decisions around the customer’s real problem.

The example: Falguni Nayar spent 18 years at Kotak Mahindra Capital before founding Nykaa in 2012. In online beauty, a major customer worry was fake products. Nykaa’s answer was structural: its beauty business is mainly inventory-led, with products bought directly from brands or authorised distributors and checked at its warehouses, according to the company. It also runs a beauty helpline and expert content.

Why it matters: Holding inventory costs more than running a pure marketplace. Choosing it anyway is a business-model decision driven by customer trust. It shows customer focus is often about what you are willing to pay for.

How to apply it: Track the top three complaints customers raise each month. Ask which one, if fixed, would change buying behaviour, and spend on that first.

8. Collaboration and team development — Harsh Mariwala, Marico

The quality: Building capable people and successors instead of making every decision yourself.

The example: Harsh Mariwala founded Marico, the company behind Parachute and Saffola. In March 2014, Marico’s board approved a plan for him to step down as managing director while remaining chairman, handing the role to Saugata Gupta, Business Standard reported. Gupta had joined Marico about a decade earlier as head of marketing, became CEO of the India business in 2007 and took on the international business in 2013 — a gradual build-up widely seen as succession planning.

Why it matters: In many Indian family businesses, the top job passes within the family. Developing a professional leader over years and then stepping back is a harder, slower kind of leadership — and a reminder that a company’s results come from teams, not one founder.

How to apply it: Identify who could do your job in three years and give them bigger responsibilities now. Delegate decisions, not just tasks. Credit your team publicly.

9. Resilience during difficult times — Ritesh Agarwal, OYO

The quality: Reassessing priorities and rebuilding after setbacks, while being honest about what went wrong.

The example: OYO, founded by Ritesh Agarwal, spent years losing money. In FY24, Agarwal said it had its “maiden net profitable financial year at nearly Rs 100 crores,” YourStory reported, citing sources for the figures. According to the same report, operating costs fell from 19% to 14% of gross booking value in a year, and the company bought back $195 million of debt — a step Fitch cited when upgrading its rating.

Why it matters: Resilience is not refusing to admit mistakes. It is changing the cost structure, protecting cash and reducing debt so the business can survive. OYO’s long road to profit also shows how expensive growth without profit can be.

How to apply it: In a downturn, identify the costs that don’t serve customers and cut those first. Communicate honestly with your team about the situation. Our piece on how Indian founders survived early failures and setbacks has more examples.

10. Continuous learning and innovation — Nithin Kamath, Zerodha

The quality: Staying open to new ideas and learning from experience, including your own mistakes.

The example: Zerodha co-founder and CEO Nithin Kamath told Inc42 that the company relied on outside vendors until about 2014, then moved most of its technology in-house over the following years, launching the Kite trading platform in 2015. It also launched Varsity, a free investor-education product, in 2014 — Kamath said “educating the customer about the product is extremely important.” He also admitted a lesson learned: for its first five or six years, Zerodha kept changing direction to meet every customer request, and “we realised that it would just slow us down.”

Why it matters: Learning includes unlearning. Listening to customers is good; reacting to every request is not. Innovation that matters is tied to a real need — in Zerodha’s case, products simple enough for new investors.

How to apply it: Run small experiments and review them honestly. Invite disagreement in meetings. Ask after each project: what would we do differently next time? See also our bootstrapping lessons from Indian founders.

What do these Indian CEOs have in common?

Their styles differ widely — a founder of a biotech company, a professional manager running a conglomerate, a startup CEO in a crisis. Yet some themes repeat: building trust, understanding customers, deciding on evidence, developing people, thinking beyond the next quarter and taking responsibility for outcomes. Good leadership does not require everyone to lead the same way.

Leadership quality Leader and company Documented example Practical lesson
Integrity and accountability N. R. Narayana Murthy, Infosys Early governance disclosures; national governance award in 2000 Share more than you must
Clear communication Deepinder Goyal, Zomato Public explanation of May 2020 layoffs and support terms State decision, reason and support upfront
Empathy Indra Nooyi, PepsiCo Letters to executives’ parents Recognise people specifically
Strategic thinking N. Chandrasekaran, Tata Sons Air India, legacy clean-up, new-sector bets (2017–2026) Decide what to fix, exit and build
Adaptability Kiran Mazumdar-Shaw, Biocon From enzymes (1978) to biopharmaceuticals Adapt from existing strengths
Decisiveness Venu Srinivasan, TVS Motor Went independent after Suzuki split (2001); Deming Prize 2002 Prepare, then decide
Customer focus Falguni Nayar, Nykaa Inventory-led beauty model for authenticity Pay to remove customers’ biggest worry
Team development Harsh Mariwala, Marico Handed MD role to Saugata Gupta (2014) Build successors early
Resilience Ritesh Agarwal, OYO First net-profitable year in FY24 after cost cuts Fix costs, protect cash
Continuous learning Nithin Kamath, Zerodha In-house tech, free Varsity education Learn, and unlearn what slows you

How to develop the qualities of a good leader

Leadership is built through repeated practice, not a single course. Here is a practical ten-step plan:

  1. Ask for honest feedback — an anonymous three-question form every quarter works well.
  2. Practise clear communication — end each meeting by confirming who does what by when.
  3. Own mistakes — say “I missed this” before explaining why.
  4. Listen before deciding — ask the quietest person in the room for their view first.
  5. Set measurable team goals, such as resolving customer tickets within 24 hours.
  6. Delegate and develop — give one team member a decision you would normally make.
  7. Review decisions monthly: what worked, what didn’t, what you’d change.
  8. Keep learning through reading, a mentor and stretch assignments.
  9. Adapt plans when the evidence changes, and explain why to your team.
  10. Measure your leadership by team growth and retention as well as business results.

Leadership mistakes to avoid

The most common mistakes are familiar: micromanaging every task, avoiding difficult conversations, taking credit for the team’s work and blaming individuals for system problems. Others are quieter — ignoring customer feedback, deciding without enough evidence, confusing authority with respect, resisting criticism and chasing short-term numbers at the cost of long-term health.

To spot them, watch the signals. If people stop bringing you problems, you may be punishing bad news. If every decision waits for you, you are a bottleneck. If good people leave, ask why in exit conversations and act on the answers.

Frequently asked questions about the qualities of a good leader

What are the 10 qualities of a good leader?

The ten qualities are integrity and accountability, clear communication, empathy, strategic thinking, adaptability, decisiveness, customer focus, team development, resilience and continuous learning. Together, they help a leader earn trust, make sound decisions and help a team achieve shared goals.

What is the most important quality of a good leader?

Integrity is the foundation, because people will not follow decisions from a leader they don’t trust. Beyond that, the most important quality depends on the moment: decisiveness in a crisis, empathy during change, strategic thinking when planning the future.

Can leadership skills be learned?

Yes. Leadership skills develop through feedback, deliberate practice, mentoring, reflection and experience. Taking on small responsibilities — running a meeting, leading a project, coaching a new colleague — is the most practical way to build them over time.

What makes a leader effective in the workplace?

An effective workplace leader communicates clearly, takes accountability, makes sound decisions based on evidence, collaborates well and helps the team reach meaningful goals. Effectiveness shows in both results and how well people grow and stay.

What can we learn from Indian CEOs about leadership?

Indian CEOs show that strategy, customer focus, adaptability, ethics and people development matter in practice. Examples include Infosys’s early governance disclosures, Nykaa’s inventory model for authenticity, Biocon’s shift into biopharmaceuticals and Marico’s handover to a professional CEO.

What is the difference between a leader and a manager?

Management focuses on planning, coordination and execution, while leadership adds direction, influence and helping people work towards shared goals. In practice the roles overlap: good managers lead, and good leaders need management skills to get things done.

How can a young professional become a good leader?

Start by taking responsibility for your own work, communicating clearly and asking for feedback. Learn from mistakes openly, help colleagues succeed and volunteer for small leadership roles. Many first-generation entrepreneurs in India built leadership skills this way, long before holding a senior title.

Final thoughts

The qualities of a good leader show up in ordinary decisions: how bad news is shared, who gets credit, which complaint gets fixed first, when to step back. The Indian leaders in this guide offer useful examples, from governance at Infosys to succession at Marico, but their contexts were their own. Judge each lesson against your team, your company and your responsibilities.

If you take one thing from this article, pick a single quality — clearer communication, say, or developing a successor — and practise it consistently for the next three months. That will teach you more than any list.

Chat with us