Emerging economies have mostly been dependent on developed economies for advanced technology and leading industry practices. Developed nations have constantly been selling or transferring technologies to developing nations like India in different sectors like defense, railways, hardware, telecom and automotive. In India, initiatives like the current government’s international marketing strategy “Make in India” [1] are a call to action to business leaders and have invited potential partners and stakeholders around the world. Such initiative underpins on layers of collaborative efforts. Even much before this initiative, Indian government liberalized its economy in 1991 seeking reforms against the severe balance of payment crisis [2]. Such initiatives have driven market forces and private players to get involved in businesses and connect with international players. Technology being one of the key drivers for economic growth and characterized as changing at increasing speed, industry is responding with the set of next practices in technology management domain. Technology leaders or Chief Technology Officers (CTOs – Head of technology management practices in an organization) attempt to cater business opportunities to create value for all stakeholders. One such previous study examines the impact of technology and innovation on organizations especially SMEs [3]. To understand the impact of technology and innovation across all types of organization we try to explore the focus and scope of their CTOs. In our ongoing research, we observe that the evolution of the role of CTO by looking at their profiles to understand the gap between academician’s knowledge and practitioner’s view. This gap is quantified and the appropriate mechanism is suggested to fill it. The primary intention of this research paper is to systemically identify and discuss the nature of the changing role of CTOs by drawing particular attention to the trends, typical characteristics, and complexities associated with their role. The study is important as there is a paucity of literature in emerging economy context and NLP-based technique on web-based text data. This paper has six sections. Next section presents a literature review on emerging economies, technology management practices and CTOs. Section 3 is the research methodology chosen for the study. Section 4 describes data collection and analysis. The final section discusses the findings and future research direction.