Can conglomerates in India and Southeast Asia reinvent themselves?

The study found that unless these conglomerates, in India and Southeast Asia, do not renew themselves, they might face the bleak fate of their Western counterparts

A recent study carried out by Bain & Company found that Indian and Southeast Asian conglomerates no longer hold an advantage in total shareholder returns over pure plays. It was also found that if these conglomerates, which have already started to underperform, do not reinvent themselves, they might face the wrath of investors. As conglomerates’ performance suffers, there will be calls from sceptical investors to break them up. This is what happened in the West. If this happens in India and Southeast Asia, a doom loop will be set in motion: conglomerates will be less able to attract talent, money