Performance management is a critical component of organizational success, and new performance management models have arisen in Indian enterprises throughout the years. This analytical examination looks at some of these new models and how they affect organizational performance. The review uses scholarly publications and data to give insight into the numerous performance management models used by Indian firms, such as the Balanced Scorecard, 360-degree feedback, and Objective and Key Results (OKR) frameworks. The paper also analyzes the advantages and disadvantages of various models, as well as suggested topics for further research.The study had considered 206 respondents working in different organizations at different designation to know different role of innovative models of performance management. The study concludes that feedback model help to finding areas for growth,help firms to assess performance from several perspectives, Create clear, quantifiable, and time-bound goals and measure progressand Help to connect individual and team goals with corporate goals.