There was a time when you didn’t see too many Indian women in corporate boardrooms and corner offices. Over the years, the balance has shifted. Now the most powerful women are leading the company from the front position. They’re steadily climbing the company ladder in every field, from banking and technology to law and healthcare.
“The fastest way to change society is to mobilize the women of the world.”
That’s the ability of a woman; a woman with a vision challenges the patriarchal Indian society and takes on the world. We all know that being a lady isn’t easy, but there are some women, the change-makers, who make it seem easy (and more worthwhile!). These Indian women have overcome all odds and made the nation proud.
Here is the list of Most Powerful Women in India.
1. Zia Mody: Co-Founder AZB & Partners
Even during a year that is not so good for corporate activity, Mody had her hands full. Her firm AZB & Partners was involved altogether in all the company deals that made the news. Apart from that, Mody also represented the Reserve Bank of India in the constitutional challenge about the Insolvency and Bankruptcy Code. And she’s not just happy closing big-ticket deals: she ensures that her firm stays before the curve by becoming proficient in evolving trends and expanding its practice into new areas.
Mody has proven that she is the most powerful woman in India by influencing more than 20,000 followers on LinkedIn.
AZB also represented KKR in its acquisition through Radiant of the Max Hospitals platform with a deal size of over $1.4 billion. It is serving Reliance Industries in the sale of the East-West Pipeline to Brookfield. The amount of the deal is approximately $1.9 billion.
2. Kiran Mazumdar Shaw: Chairperson, and Md Biocon
First-generation entrepreneur Kiran Mazumdar-Shaw is ranked 65th on the list. The head of India’s leading biotechnology enterprise, Biocon, is one of the most powerful women business icons within the country. At a time when the broader pharmaceutical industry faced challenges, the Bengaluru-based biopharmaceutical company had a stellar year. Its revenue for FY19 rose 31% to ₹5,659 crores, while net income was up 143% at ₹905 crores. Under Mazumdar-Shaw’s stewardship, Biocon saw robust growth in its biologics, research services, and little molecules businesses.
She has voted twice earlier by Forbes together of the foremost powerful women within the world. Her net worth, according to Forbes, is $3.1 billion.
3. Suneeta Reddy: Md Apollo Hospitals Enterprise
SHE IS ARGUABLY the most powerful women in healthcare in India: She oversees the country’s largest hospital chain with over 10,000 beds across 70 hospitals, which is also present in Oman and Bangladesh. Apollo is growing under Reddy: In January, it opened a proton therapy center in Chennai, the primary in South Asia, with an investment of ₹1,300 crores. It made India the 16th country within the world to offer cancer treatment. Apollo also has pharmacies, diagnostic clinics, and telemedicine vertical. From its pharmacy business, it’s eyeing an annual revenue of ₹10,000 crores within the next five years.
4. Alice G. Vaidyan: Former Chairman and Md General Insurance Corporation of India (GIC Re)
Alice G Vaidyan is the Chief officer and Chairman-cum-Managing Director at General Insurance Corporation of India. She has over 30 years of experience within the Indian insurance and reinsurance industry.
Vaidyan is one the most powerful women who have the honor to be the first woman appointed in CMD of GIC Re. With her power to sell reinsurance products on GIC Syndicate 1947—a fully Indian capital-backed syndicate of Lloyd’s of London—was the company’s most vital achievement last year. The platform allows it to bypass the sovereign rating hurdle in accessing global business, particularly within the U.S. When she retired in July, under her watch, GIC Re became the foremost extensive agricultural reinsurer within the world; in FY19, the corporate accounted for 60% of crop insurance in India.
5. Mallika Srinivasan: Chairman and CEO Tractors and Farm Equipment (TAFE)
Among most powerful women, there comes the name of Srinivasan, who has her hands full—her plants are running at full capacity; she has begun expansion at two factories and laid down the blueprint to upgrade her products to satisfy new emission norms. The increased budgetary allocations for the agriculture sector by the center and, therefore, the states have worked well for TAFE. On the rear of renewed higher agricultural demand, Srinivasan expects the industry will clock a CAGR of seven for the subsequent five years, and total demand will cross 1,000,000 tractors in 2020. Over the years, Srinivasan has also been instrumental in raising TAFE’s stake to fifteen within the $9-billion U.S.-based AGCO Corporation, during which it’s now the most important shareholder.
6. Zarin Daruwala: CEO Standard Chartered Bank, India
The chief executive officer (CEO) of Standard Chartered Bank (SCB) India is a woman who had a rank in her chartered accountancy examination and had received a gold medal when she qualified as a company secretary.
Under her leadership, the bank, which was struggling until a couple of years ago, has turned the corner. This most powerful woman with her skills has ensured a consistent and sharper trajectory of growth and profitability, and improved credit culture, and a focused approach on priority sector lending. Though income growth has remained flat, Standard Chartered’s net profit for FY19 rose 13.5% to ₹2,169 crores.
7. Arundhati Bhattacharya: Independent Director, Reliance Industries; Wipro; Crisil; Piramal Enterprises; Swift India
She is BACK WITH A BANG after a one-year gap. Referred to as a brilliant banker and efficient administrator during her stint as chairman of State Bank of India, Bhattacharya makes a comeback on the rear of a powerful list of private sector engagements.
She plays an important role as an independent director on the boards of telecom conglomerate Reliance Industries, IT major Wipro, credit rating agency CRISIL, pharmaceutical-to financial services and land business group Piramal Enterprises, and SWIFT India, the local arm of the worldwide financial messaging platform. This most powerful women play a role of part-time advisor to non-public equity giants like Warburg Pincus and Chrys Capital, consulting company Bain & Co., firm AZB & Partners, and Standard Chartered Bank.
8. Kaku Nakhate: President and Country Head, India Bank of America Merrill Lynch
Even after making India the foremost profitable marketplace for her firm in 2017, Nakhate— who has been heading the U.S. banking major’s India operations from the past 10 years. Though the world has been battling a credit crunch and bad loans, Nakhate ensured her bank had no non-performing assets in FY19. Despite the general economic slowdown, the bank executed some key deals just like the Vodafone-Idea $3.5-billion rights offering . She proved the world that she is among the most powerful women by helping land major Embassy with a true estate investment company and an inventory on the market, the primary of its kind in India.
9. Shobhana Bhartia: Chairperson and Editorial Director HT Media
At a time when the media industry goes through a troublesome phase with occasional rounds of layoffs, Bhartia one of the most powerful women is in it for the long period of time. Within the first quarter of FY20, HT Media’s consolidated total income stood at ₹588 crores, a rise of 3% from last year. But it’s getting to be difficult because the company’s advertising revenues from the print business have suffered a drop of 9%. Still, due to softening newsprint prices, the corporate saw a growth in operating profit and profitability.
10. Renuka Ramnath: Founder and CEO Multiples Alternate Asset Management
Exits are crucial in private equity (PE) investing. And Multiples has excelled in them: By leading PE firm she has proved that she is one of the most powerful women who has exited fully or partially from nine of its 11 investments.
She says Multiples has the insight and the ability to take a position in “unique” opportunities and knows the way to evaluate and mitigate the risks of its investments. Take the case of Vastu Housing Finance, a reasonable housing finance firm. The PE firm incubated Vastu and empowered it by bringing during a strong management team, using technology, and seeding with the proper level of capital. With over $1 billion in AUM, Ramnath wants to continue partnering with Indian entrepreneurs and businesses by providing growth capital, solutions, and techniques for sustainable growth.