Five Leading Female Indian Business Tycoons of the Year 2020 Who Inspired Every Aspiring Women Entrepreneur of India
India always has a long tradition of entrepreneurship since ancient times. However, in the past, much until the 20th century, business and industry were mostly dominated by certain classes and mostly men. This imbalance was partly due to lack of education and also, due to outdated social norms, which restricted the movement of ladies outside homes. In the West, female entrepreneurs were much more prevalent and famous due to the Industrial Revolution.
Who can forget the legendary businesswoman, Estee Lauder, who co-founded the cosmetics giant Estee Lauder along with her husband? She started her journey, selling skincare and makeup stuff. They initially did it in beauty salons and showed the products on women while resting under hair dryers. The company was launched in 1946 and soon became the market leader worldwide, which led Time Magazine to rate her as one of the most influential business legends of the 20th century, in 1998. Commensurate with the removal of authoritative state controls over the Indian economy in the 1990s, entrepreneurship primarily shifted from being a male-dominated profession to encompassing all sections of society, including women. Now, let us check out the top female Indian business legends of 2020, who have made the country proud.
1) Savitri Jindal
Savitri Jindal is perhaps the top individual in the list of Indian female business tycoons in 2020. She holds the coveted title of Chairperson Emeritus of Jindal Steel & Power. Jindal Steel & Power is one of the leading firms in steel, mining, power fields. Savitri Jindal took ownership of the company, after the demise of its founder Om Prakash Jindal in 2005. Besides business, she is also a leading participant in politics, and in 2013, was elected as the minister in the cabinet for the Harayana government. She held the post of Minister of State for Revenue and Disaster Management, Rehabilitation and Housing, Consolidation, and the Minister of State for Urban Local Bodies and Housing. Today, at the age of 70, she is worth a staggering 5.8 billion USD.
2) Kiran Mazumdar Shaw
Perhaps, the most excellent example of a self-made female business tycoon, who has turned into a role model for all other female entrepreneurs, is the one and only Kiran Mazumdar Shaw. She is the Founder and Executive Chairperson of Biocon. Biocon, which has its headquarters in Bangalore, is a fully integrated biopharmaceutical firm. The company strives to increase affordable access to painful therapies for critical diseases like cancer, diabetes, and autoimmune. In 1978, the company was fabricated and was among the nation’s self-made business legends. According to Forbes, Biocon was the first firm to acquire approval from the USFDA for two separate biosimilars of drugs utilized in treating certain cancers. Kiran Mazumdar Shaw has received two highest national honors like Padma Shri in 1989 and Padma Bhushan in 2005. Among international honors, she received the highest civilian award of France, Knight of the National Order of the French Legion of Honour. Now, she is worth 4.3 billion USD and is aged sixty-seven years.
3) Smita Krishna Godrej
Smita Krishna Godrej is the heir of the Godrej family and belongs to the third generation. She has a twenty percent stake in the assets of her family, with her brothers. Her father is the legendary Naval Godrej, and her sister is Jamshyd, who is present, the MD of Godrej and Boyce. Her husband is the renowned theatre actor Vijay Krishna, and her daughter’s name is Nyrika. She currently has a rank of 838 on the Forbes list of wealthiest billionaires in the world. Her cumulative net worth is 19235 crores.
4) Mallika Srinivasan.
Mallika Srinivasan is currently the chairperson and Chief Executive Officer of the Tractors and Farm Equipment Limited ( TAFE ), the third-largest tractor maker in the world. She belongs to the Amalgamations Group and the central brain behind the rise of the company. Her uncle is the late business tycoon AnanthaRamKrishnan, who started the company eighty-one years ago. Mallika Srinivasan is a graduate from Wharton University and is a Board member of the AGCO Corporation-United States, Tata Global Beverages Limited and Tata Steel Limited. Besides, Mallika Srinivasan is a noted member of the Executive Board of the Indian School of Business in Hyderabad. Besides this distinction, she is also a member of the Governing Board of the Rural Technology and Business Incubator of the IIT Chennai and Bharathidasan Institute of Management, Trichy. The Amalgamation group was presently ranked sixty-fourth on the Forbes list of wealthiest Indians in 2019. The net worth of Mallika Srinivasan is 14963 crores.
5) Anu Aga
Anu Aga is another very prominent member of the wealthiest female business people in India in 2020. Anu Aga’s career commenced in Human Resources in Thermax, headed by her husband, Rohinton Aga. Thermax is into the environment and energy business. After her husband’s demise, Anu Aga became the chairperson and has headed the firm since 1996. She retired from this position in 2004, since then her daughter Meher Padamjee has occupied the reigns.
After retirement, she is also actively involved in social services and is the chairperson of Teach for India. Presently, she has a 62 percent stake in the firm. Anu Aga received the Padma Shri in 2010 for social work. She also had a brief stint with politics and was elected a Rajya Sabha member from 2012 to 2018. She has the 94th position in the list of the wealthiest 100 Indians.
From this article, readers will acquire the information regarding the top five Indian female business tycoons.