"With this trend, companies are keen to build a pool of young candidates for leadership positions," Randstad India President Staffing and Director Marketing Aditya Narayan Mishra said.

According to experts, the young executives carry better risk taking appetite, have more energy to devote to work, and to some extent perform better on financial parameters of revenue and profits.

Executive Access MD Ronesh Puri said that young executives are much more capable to connect with the mindset of youngsters who form 70-80 percent of the customer-base in the country.

"Businesses in today's times need fresh visionaries who also have the ability as well as the will power to execute as they see it," ChangeYourBoss.com CEO Bhupender Mehta said.

The young executives are primarily making their mark in IT, media, advertising, fashion and lifestyle sectors, while aviation and e-commerce are also opting for young CEOs.

About 60 percent of the start-ups have senior executives below the age of 40 years, MANCER Consulting said.

"Start-Up generally takes the lead in giving young workforce to more opportunities to reach the top, while large organizations and MNCs hierarchy and working protocols are hard to break, and hence the age of top level CEOs goes up," Sinha said.

"Most of them are into start ups, because this is where executioners work in a fast track manner," Mehta noted.

"Companies are rapidly-expanding, not just domestically but regionally and internationally and they need a pool of talent to drive that growth which they are more likely to find that amongst the younger executives," Global Nxt University Dean Wing Lam said.

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