The first Indian company to gain a listing on the New York Stock Exchange was ICICI. More than a decade ago in 1998, the company had to make a decision about entering the retail credit segment in the financial market of India. Despite the fact that entry into the segment promised desirable shots at growth, the company was hesitant about the significant competition it would have to face from existing establishments of international and local banks. In addition, ICICI was poorly equipped for a company wishing to make the entry a prosperous one. However, under the tenure of K.V. Kamath, ICICI was able to revamp its structure from that of a development financial organization to an international organization to be reckoned with. Describe in detail about how the Indian company was able to do this.
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