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Indian startups rush to add independent directors before IPOs, with 90% doing so within six months of filing.
Indian startups preparing for IPOs are rapidly adding independent directors, with nearly 90% appointed within six months of filing prospectuses, according to a Longhouse study of 34 firms since 2021.
Women now make up 25% of external directors, though most companies have only one female board member.
Regulatory and financial experts dominate new appointments, while sector specialists remain rare.
Experts urge earlier board appointments to build strong governance.
India also approved a ₹7,280 crore plan to boost domestic production of rare-earth magnets, and Wakefit’s IPO is set to open December 8.
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Las startups indias se apresuran a agregar directores independientes antes de las IPO, y el 90% lo hace dentro de los seis meses de la presentación.