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Most likely they will scale down hiring considerably given the huge loss of revenue they have to recover from.
The question now is: who will hire people wishing to work at Indus' Capital Markets?
Anjali Menon, Mansi Jhaveri, and Neha Balodhi are the three Principal Associates listed on their website. Have these PAs also departed with the large group, or are they staying with Indus to potentially become partners?
Please share any information you may have about this. It is important for me to know as soon as possible.