True Establishes Strategic India Hub with New Partner Rituparna Chakraborty
Business Wire India
True, the only tech and data-first global executive talent platform, today announced its office expansion into India with the joining of new partner Rituparna Chakraborty. This move marks a significant milestone for True as they continue to scale their APAC capabilities. India represents both a market of opportunity and a source of world-class leadership talent; Rituparna will help play a defining role in the region's next leadership chapter.
A pioneering force in India's staffing and employment landscape, Rituparna co-founded TeamLease Services and played a central role in scaling it into one of the country's largest publicly listed HR services companies. Over the past two decades, she has worked at the intersection of government, business and civil society–advising founders, Fortune 500s, investors, and policymakers–building a track record of business growth, leadership advisory, and policy engagement.
'Rituparna brings a rare combination of entrepreneurial drive, policy fluency, and extensive knowledge of India's talent ecosystem,' said Sam McGrath, GM EMEA & APAC. 'Her expertise is key to True's global vision and our commitment to empower the next generation of leaders emerging from high-growth markets. With India rising as a global hub for innovation and digital transformation, we're thrilled to have Rituparna leading our efforts.'
Based in Bangalore, Rituparna will lead the firm's India presence, leveraging True's platform to support Indian companies expanding internationally, multinationals investing in India's talent industry, and Indian leaders ready to operate on a world stage. She will collaborate with True's partners globally to bring opportunities to current and emerging clients.
'This isn't just a new beginning, it's a blank canvas,' said Rituparna Chakraborty. 'India deserves a new narrative when it comes to leadership capital, and I believe True offers the right mix of values, capabilities and vision to help shape that. There's immense opportunity to reimagine what executive talent means in this market, and I'm excited to build, localize and elevate.'
ABOUT TRUE
True is a global talent management platform renowned for executive search excellence. The sixth largest in its industry, True leverages 10+ years of industry data, market insights, and talent lifecycle expertise to help companies make high-impact talent decisions quickly. Products and services include True Search (retained executive search), TrueBridge (advisory, interim, and fractional executive placement), Thrive (Talent CRM software), True Advance (coaching and assessment), SearchEssentials (tech-enabled hiring services), and AboveBoard (inclusive executive community). True also backs promising companies through investment brands True Equity and Vera Equity.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250729334218/en/
Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same.
Ahmedabad Plane Crash
Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
OpenAI in Talks for Share Sale Valuing Startup at $500 Billion
OpenAI is in early talks about a potential secondary sale of stock for current and former employees at a valuation of about $500 billion, people briefed on the investment discussions said, marking an enormous gain in value for the artificial intelligence leader. The company is targeting a stock sale in the billions of dollars, the people said, asking to remain anonymous because they weren't authorized to discuss the matter publicly. Existing investors including Thrive Capital have approached OpenAI about buying some of the employee shares, the people said.
Yahoo
3 hours ago
- Yahoo
Wall Street stocks end lower as rally peters out
Wall Street stocks fell Tuesday as a rally ran out of steam following lackluster economic data, while investors monitor ongoing trade talks ahead of new tariff hikes set to take effect later this week. US President Donald Trump told CNBC he plans fresh tariffs on imported pharmaceuticals and semiconductors. Trump also said he expects to raise the US tariff on Indian imports due to the country's purchases of Russian oil. The statements come before a separate set of tariff hikes goes into force on dozens of economies later this week. Swiss officials traveled to Washington Tuesday to try to strike a last-minute deal. Investors also digested an index of US services activity that came in at 50.1 percent, just barely in growth mode as companies contend with weaker hiring conditions and increased pricing pressure. The report comes on the heels of jobs data last Friday that pointed to slowing in the labor market. On the positive side, "a weaker economy could mean more rate cuts from the Fed," said Adam Sarhan of 50 Park Investments. After opening higher, US indices fell into negative territory, with the S&P 500 ending down 0.5 percent. European markets ended mixed, with Paris dipping into the red, while oil prices retreated further on worries about the demand outlook. Swiss leaders flew to Washington on Tuesday in a last-ditch effort to avoid a hefty 39-percent tariff. Meanwhile, the European Union on Tuesday announced the suspension of its retaliatory tariffs on US goods worth 93 billion euros ($107 billion) after Brussels struck a deal with Washington last month. Among individual companies, Palantir Technologies jumped 7.9 percent after reporting its first quarter with more than $1 billion in revenues. The data analysis and artificial intelligence company also raised its full-year revenues forecast. Pfizer was another big winner after earnings as the drugmaker reported a big increase in profits to $2.9 billion behind higher sales of Covid-19 products and lower expenses. Shares jumped 5.2 percent. Diageo, the maker of Guinness stout and Smirnoff Vodka, rose 4.9 percent after raising its cost-savings targets following a sharp drop profits to the hit from US tariffs. - Key figures at around 2100 GMT - New York - Dow: DOWN 0.1 percent at 44,111.74 (close) New York - S&P 500: DOWN 0.5 percent at 6,299.19 (close) New York - Nasdaq Composite: DOWN 0.7 percent at 20,916.55 (close) London - FTSE 100: UP 0.2 percent at 9,142.73 (close) Paris - CAC 40: DOWN 0.1 percent at 7,621.04 (close) Frankfurt - DAX: UP 0.4 percent at 23,846.07 (close) Tokyo - Nikkei 225: UP 0.6 percent at 40,549.54 (close) Hong Kong - Hang Seng Index: UP 0.7 percent at 24,902.53 (close) Shanghai - Composite: UP 1.0 percent at 3,617.60 (close) Euro/dollar: UP at $1.1582 from $1.1571 on Monday Pound/dollar: UP at $1.3294 from $1.3285 Dollar/yen: UP at 147.55 yen from 147.09 yen Euro/pound: DOWN at 87.01 pence from 87.10 pence West Texas Intermediate: DOWN 1.7 percent at $65.16 per barrel Brent North Sea Crude: DOWN 1.7 percent at $67.64 per barrel burs-jmb/st
Eater
4 hours ago
- Eater
DoorDash Says Seattle Is the Most Expensive Delivery Market in the Country
Last month Uttam Mukherjee got an email with some bad news: DoorDash was raising prices again. Mukherjee is a co-owner at Spice Waala, the popular mini chain that serves Indian street food snacks. With limited seating, the vast majority of Spice Waala's customers order takeout and delivery. So the business was hit especially hard last year when, in response to new city requirements mandating higher delivery driver wages, DoorDash and other third-party delivery apps raised fees across the board. This July, DoorDash raised prices again. 'We are increasing some fees in an effort to continue delivering in the city – a market in which DoorDash operated at a loss in 2024,' the company wrote in a blog post. 'Seattle's leaders have once again forced through extreme regulations that will increase the costs of operating. Under these regulations, Seattle is now the most expensive market to facilitate delivery in the United States.' The regulations in question govern the 'deactivation' of delivery drivers, the term used to describe kicking a worker off the platform. The new rules require DoorDash and similar apps to follow set procedures around deactivations, allow workers to appeal, and keep records. They went fully into effect on June 24 after a legal challenge from the apps failed earlier this year. DoorDash did not say how much it was increasing its fees, and a spokesperson declined to elaborate, though they did say that increases rolled out over the course of July. As an example of how high fees currently are, if I want to be extremely lazy and DoorDash a deluxe and a chocolate shake from the Dick's 400 feet away from my house, the food is $9.80, while the 'delivery fee' (which can fluctuate) is $0.99 and additional 'fees and estimated tax' add up to $9.93, including a $4.99 'Seattle regulatory response fee.' That's more than $20 total for a relatively simple burger and shake. These higher fees have had an undeniable impact on local restaurants that rely on delivery orders, as Eater Seattle reported last year. Mukherjee says that app-based orders declined 50 percent over the course of 2024, and an additional 15 percent so far this year. 'That's 100 percent because of extra fees,' he says. Businesses are struggling to adapt to this new environment. Last year the fried chicken chain Bok a Bok tried hiring in-house delivery drivers, but later had to scale back its operations, closing all but one location. One enterprising delivery driver launched the app Tony Delivers on which drivers can set their own fees, but it has yet to take off and become popular. Spice Waala has considered hiring its own delivery drivers, but couldn't make the math pencil out. 'It's essentially a route optimization problem,' says Mukherjee. 'You need enough people on the road at all times to make sure that you can fulfill all the orders that are out there, but [also] make sure that they have enough orders to be paid a fair wage.' The Spice Waala co-owner doesn't have any insider information about why DoorDash is raising its fees, but says, 'I can totally understand why DoorDash would just say, 'Hey, this is going to cost us a lot of money. Let's just raise fees again.'' Since last year, DoorDash has been lobbying relatively openly for the Seattle City Council to roll back regulations, arguing that the higher fees are hurting restaurants and the decline in orders also makes it harder for delivery drivers (which the company calls 'Dashers') to earn a living, despite the higher wages. Worker advocacy groups, who pushed for the regulations in the first place, have argued that the higher wages have benefitted drivers and that DoorDash is raising fees higher than it needs to in order to pressure lawmakers to reverse the regulations. There is no indication that city officials (who are in the middle of an election season) will act on the issue. Meanwhile, Spice Waala is doing what it can, trying to drum up orders by offering more specials, and by cutting costs. 'We've had to scale back on people in our locations, and we've had to become a little bit leaner and meaner,' says Mukherjee. 'That's the only way that I can see us growing.' Eater Seattle All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
