Corporates urged to strengthen governance for growth

Deloitte India Partner emphasizes governance, AI, and reskilling for corporate growth at Coimbatore Management Association event.

Corporates must enhance governance and governance principles to drive growth, said K.R. Sekar, Partner at Deloitte India, said here on Monday.

Speaking at the National Management Day 2025 programme of Coimbatore Management Association, he said decriminalisation of laws are important for ease of doing business. Nearly 40% of startups collapse due to inadequate governance and failure to adopt technology. Identifying the impact of artificial intelligence (AI) and leveraging it effectively is crucial for business survival, he said, adding that companies should focus on reskilling. The emergence of AI in the next five years will necessitate reskilling for businesses to remain competitive.

Mr. Sekar highlighted Coimbatore’s strong industrial base and its potential for further development. The city contributed nearly $45 billion to the GDP of India in 2022 and has the capacity to grow beyond this. He also pointed out that industries in tier-two cities like Coimbatore and Mysore have significant growth opportunities, particularly as India emerges as a leading destination for Global Capability Centres (GCCs). The Government of India is considering tier-two cities for setting up these centres, he added.

Later, the annual awards presented by the Association were given away to Mani Narayanan, Managing Director and CEO of Messer Cutting Systems (CMA - DJ Corporate of the year); J.J. Savithri, Faculty at Jansons School of Business (CMA - PSG GRD Management Faculty of the year); Sundararaman, MD of Shiva Tex Yarn Ltd. (CMA - Roots Entrepreneur of the year); Radhakrishnan, MD of SIEGER Spintech (CMA - Mahendra Pumps SME Entrepreneur of the year); Aruna Thangaraj, MD of AGT Electronics Ltd (CMA- GRG Woman Entrepreneur of the year); Kiruthika Kumaran, Founder and CEO of Vilvah stores (CMA - Quadra Startup of the year); D. Srinivasan, MD of Sree Annapoorna Group (CMA - Sandfits Punniyavathi Ranganathan Award for Sustainability of the year Award); J.S. Bhuvaneswaran, Director of PSG Hospitals(CMA - RVS Transform Tech Digital Transformation in Business), and A. Dhamayanthi of Jansons School of Business (CMA - STC Best Management Researcher).