Gautam Adani’s Adani Group has entered into a no-poaching agreement with Mukesh Ambani-led Reliance Industries, restricting themselves from hiring talent from each other. The agreement has come into effect from May this year and will be applicable to all their businesses.
No poaching agreements are increasingly becoming a common practice in India. These agreements are considered legal until they do not restrict an individual’s right to seek employment.
Last year, Adani Group announced its entry into the petrochemical space with Adani Petrochemicals Limited, which is where Reliance has a large presence. The other area where their paths cross is the high-speed data services.
A senior professional with a global executive search firm that works with both conglomerates, said, “These pacts have always existed and they continue to be informal in nature. From here on both groups cannot poach from each other.”
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