The partnership has been a blend of Chinese entrepreneurship and multinational management that has pushed Goodbaby toward its ambitious vision as the leading global brand for all things babies and kids.

FORBES: Companies, People, Ideas

When I worked as a consultant in Beijing, it was clear that my co-workers seemed to be on a constant rotation program among the top multinational management consulting firms operating in China.

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Tata has moved more into the class of big multinational tech and tech management outsourcers like Accenture (ACN) and IBM and its stock price has moved this year along similar lines, with Accenture up 15.03% and IBM up 9.49%.

FORBES: With Help From U.S., India IT Giant Tata Posts Gains

When a local firm is acquired by a multinational, the quality of its management tends to rise.

ECONOMIST: Maybe management theory is not hocus pocus after all

" The bottom line, says James Schiro, CEO of the multinational accountancy firm PricewaterhouseCoopers, is that improving corporate management "is a way to deal with the growing crisis of confidence in the region and globally.

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Multinational corporations operating in India have a better gender diversity record, with one in five women in management and one in ten in executive roles, but the balance is still very skewed.

FORBES: Tapping the Diversity of India's Talent Market