As most of you must be already knowing, Alphabet (the world’s 3rd most valuable company, after Apple and Microsoft) is the parent company of Google, the world’s top search engine. Alphabet’s website is quite interesting – abc.xyz
Madurai-born 47-year-old Sundar Pichai (Pichai Sundararajan), an IIT Madras engineering graduate, and an engineering post-grad from Stanford University as well as MBA from the Wharton School of Business, joined Google as a management executive in 2004. He rose to become the company’s Product Chief, then Google’s CEO in August 2015, as part of the restructuring process that made Alphabet Inc. into Google’s parent company. On last Tuesday (December 3), Google founders Larry Page and Sergey Brin announced that they were stepping down from management roles at Alphabet (they would remain on the Board of Directors of the company), and that Sundar Pichai was being elevated as CEO of both, Alphabet and Google.
Ati Sundar and highly deserved, as Alphabet’s share price (see the Statista chart based on Yahoo Finance inputs) has gone up at a compounded annual growth rate (CAGR) of 16.6% in the 52 months since Sundar was appointed CEO of Google, compared with a 9.3% CAGR of USA’s benchmark S&P 500 equity stock index (similar to India’s Sensex or Nifty).
We are all proud as Indans. JAI HIND.