New Delhi, Jan. 28 -- India's technology services companies are increasingly stationing chief executives close to their biggest customers in the US and Europe, even as the companies host the bulk of their workforce back home.

Chief executives of eight out of 10 Indian IT services companies now work from cities in the US and Europe, a sharp change from 2019 when only five did so, a Mint review found. In comparison, two-thirds of their workers are based in India.

Last week, LTIMindtree Ltd announced that CEO-designate Venu Lambu would work out of London, as against current CEO Debashis Chatterjee who works from Bengaluru. This makes Lambu the eighth chief executive to be working outside of India. Mint could not independently ascertain whe...