MUMBAI: India’s top corporate leaders scrambled to assess operational risks and business continuity after the Indian armed forces launched strikes on terror camps across the border in Pakistan, fuelling fears of further escalation.
Senior executives at several top companies convened emergency meetings to evaluate exposure and prepare for possible disruptions.
Firms also began issuing advisories to employees, with some initiating mock security drills.
“There are marathon meetings going on since morning on the impact of the war on our operations and how we can help in war efforts,” said an executive at a major defence and infrastructure firm, requesting anonymity.
Tata Consultancy Services Ltd., India’s largest IT services exporter, advised employees to remain alert and follow local administrative instructions. The company issued an internal communication outlining protocols for upcoming emergency drills.
“We, as individual citizens and as an organisation, are required to comply with these requirements as and when they are laid down and communicated from time to time,” the company said in an internal email seen by Business Standard.
“Our endeavour is to provide you with relevant information that you can use, but it is also recommended that you refer to and align with any direct communication from your respective local authorities.”
“We request that you stay within the office building and do not panic,” the advisory added. “If there is anything to be done differently at your work location, you would receive the necessary instructions from your local Admin/HR teams.”
Other companies also issued similar advisories to their employees with several companies holding mock drills.
An executive at a major Gujarat-based refinery said the Central government had stepped up security around key infrastructure to guard against any potential retaliatory attack.
A Nayara Energy spokesperson said its 405,000 barrel per day refinery at Vadinar in Gujarat, continues to operate at full capacity. “All our retail outlets are operating normally and we are well stocked to meet fuel demand. We are keeping a close watch on the situation, staying in regular contact with government officials, and complying fully with the established guidelines. We have multiple tiers of security at the refinery with robust surveillance mechanisms. This security apparatus works in close collaboration with the government’s agencies,” the spokesperson of Russia’s Rosneft owned company said in a statement.
Several top leaders also voiced strong support for the country’s armed forces. Several top CEOs took to social media to express solidarity.
“Our prayers are with our forces… One nation. Together we stand,” Mahindra Group Chairman Anand Mahindra posted.
“Operation Sindoor isn’t just a military strike– it’s a crimson reminder that every drop of blood spilled in Pahalgam will be avenged,” RPG Enterprises Chairman Harsh Goenka wrote.
“Peace isn’t weakness. And when India chooses to respond, the mountains echo with resolve, not restraint.”
“Terror will never triumph. India stands resolute and united in the fight against terrorism,” said Sanjiv Goenka, Chairman of the RP-Sanjiv Goenka Group.
“Wishing safety and success for our brave armed forces.”
Source: Business Standard
India PE-VC Market Rebounds In 2024 By 9% To $43 Billion, Says Report 