In the past few decades, the prominence of women in Indian society has changed mightily. Today, women have been playing an indispensable role in the advancement of the Indian economy and have made a huge impact and got accomplishmentsin almost every sector.They had set a very good example that a woman can also uphold their responsibilities in commercial areas.
Here are India’s most powerful women in business who are making an impact by their business acumen and social and cultural influence.
Born on 28th October 1955, IndraNooyi is an Indian-American business executive and former CEO of Pepsico.Nooyi had complete a bachelor’s degree in Chemistry from Madras Christian College in Madras and a Master’s degree in Business Administration from the Indian Institute of Management.
In 2006, Nooyi surpassed everybody’s imagination, when she was named the successor to Steven Reinemund as theCEO of Pepsi Co. Under her leadership, PepsiCo reached revenues of more than USD 60 billion and over 285,000 employees. Nooyi equally emphasized in the Mergers and Acquisition, which was bolstered by the acquisition of the Tropicana and Quaker fruit juice brands. With her superb knack of facts and figures, she predicted the slowdown in the popularity of aerated soft drinks in the markets worldwide. She meticulously planned for the foray of Pepsi into the sports drinks market in association with Gatorade. Her quick decision making ability and clinging to the work until it is accomplished continues to grow PepsiCo, the USD 39 billion food and beverage giant.
Nooyi has been named the ‘Most Powerful Business Woman in the world’ in 2006 and 2007 by Fortune magazine. Apart from this, she was conferred with prestigious Padma Bhushan for her business achievements and being an inspiration to India’s corporate leadership.
Kiran Mazumdar Shaw
Born on 23rd March 1953,Kiran Mazumdar Shaw is the richest woman in India and the owner of Biocon India. Biocon is India’s largest listed biotechnology company based in Bangalore. She studied biology and zoology, graduating from Bangalore University with a bachelor’s degree in zoology in 1973. With a net worth of $ 3.2 billion, Kiran Mazumdar Shaw is now among the top richest women in the world and is named as one of the most influential people in the world of science and technology (according to Forbes.)
When Shaw was announced as the managing director of Biocon India, little was known about the woman who would work to become one of the most influential women in the country.She was awarded Padma Shri (1989) and the Padma Bhushan (2005) from the government of India.
Kiran Mazumdar Shaw stresses that the importance of entrepreneurship is to create jobs in the country. She advises Management students to pursue entrepreneurship. Future managers needto learn how to manage the risk rather than take the risks.
ZarinDaruwala is the chief executive officer (CEO) of Standard Chartered Bank (SCB). Underneath her leadership, the Bank, which was struggling until a few years ago, turnedthe corner. She has ensured a consistent and sharper trajectory of growth and profitability. She was a rank holder in CA examinations andhadreceived a gold medal when she qualified as a company secretary. The Institute of Chartered Accountants of India has conferred on her the CA Business Achiever award.
Before joining the Standard Chartered Bank, ZarinDaruwala worked with the ICICI Group, where she had stints in various departments such as human resources, corporate planning, investment banking, and credit.
When Daruwala took charge as CEO of Standard Chartered Bank India in 2016, the bank’s retail banking (RB) business seemed to be in rough waters. Daruwala decided that the business required a course correction and continued investments in technology. She spearheaded the transformation strategy and by the first half of 2019, the bank’s retail banking business was back in profits.
One of the leading corporate lawyers in India, Mody was the mastermind behind two of the most noteworthy corporate deals of the recent past including that of Airtel and Telenor Group and Schneider Electric and the electric and automation business of Larsen & Toubro.
She did her law at Cambridge and thereafter Masters in Law at Harvard. Then she came back and began appearing as a Junior Counsel. She practiced at the Bar for about 10 years. She then started her boutique law firm called the ‘Chambers of Zia Mody’. Now, they are a PAN India law firm – AZB & Partners, a law firm of over 430 lawyers.AZB law firm is an advisor to the most successful businesses in India.Her advice to the budding lawyers is to stay honest to your core, work hard, be persistent, and never give up.
Alice G Vaidyan
Alice G Vaidyan is the CEO and Chairman-cum-Managing Director at General Insurance Corporation of India. Alice has more than 30 years of experience in the Indian insurance and reinsurance industry.
Shehas been named in Fortune’s Global list (2018) of 50 Most Powerful Women in Business and was recognized as one of the 30 most powerful women in Indian business in 2016, 2017, and 2018. She has also received the Leadership Excellence Award in February 2019 and Finance Woman of the Year Award instituted by Dhanam Business Magazine in February 2018.
Alice holds a post-graduate degree in English literature and has trained at Harvard Business School, Boston, USA.While she retired in July 2019, under her watch, GIC Re became the largest agricultural reinsurer in the world; in FY19, the company accounted for 60% of crop insurance in India.