Two Indians Chanda Kochhar and Shikha Sharma have made it to the rankings of most powerful women in business outside the United States drawn up by the Fortune magazine while Indra Nooyi featured in the top three on the US edition list.
The Most Powerful Women in Business outside the US list, which was topped by Banco Santander group Executive Chairman Ana Botin placed ICICI Bank's Kochhar at the 5th spot while Axis Bank's Sharma has been ranked 21st.
PepsiCo Chairman and CEO Indra Nooyi came in at No. 2 on the US Most Powerful Women in Business list. PepsiCo is one of the largest food and beverage companies in the world. Nooyi is one of the top female executives in the United States and is consistently ranked among the World's 100 Most Powerful Women. The list is led by General Motors Chairman and CEO Mary Barra. Lockheed Martin Chairman, President, and CEO Marillyn Hewson took the 3rd spot.
On Kochhar, Managing Director and CEO, ICICI Bank, Fortune said she has "led India's largest private lender for eight years, and under her stewardship, ICICI Bank has thrived." Chanda Kochhar is widely recognized for her role in shaping retail banking in India. Kochhar began her career, with the erstwhile ICICI Limited in 1984 and was elevated to the Board of Directors of ICICI Bank in 2001. She was instrumental in establishing ICICI Bank during the 1990s. Apart from this, Chanda Kochhar is a member of the India Japan Business Leaders Forum, the US-India CEO Forum and the Board of Trade. She is also the Deputy Chairman of the Indian Banks Association. 101 Billionaires In India, Mukesh Ambani Tops Forbes List
About Sharma, MD and CEO, Axis Bank, Fortune said: "now that she has been reconfirmed as CEO, Sharma can focus on beefing up the bank's digital services, which includes expanding its digital payments app's reach." Shikha Sharma joined Axis Bank in 2009, and as a leader adept at managing change, she has focused on transforming Axis Bank into a Bank with strengths across a wide range of Corporate and Retail Banking products. The international list also includes GSK CEO Emma Walmsley at the 2nd place, followed by Engie CEO Isabelle Kocher at the third slot. 4 Most Powerful Indian Women Who Made It To Forbes List
Criteria for ranking
This is the 17th year Fortune has ranked the most powerful women in business outside the US. The 50 global businesswomen represent 17 countries and many industries and had 11 newcomers this year. The methodology involved four criteria: the size and importance of the woman's business in the global economy, the health and direction of the business, the arc of the woman's career (resume and runway ahead), and social and cultural influence. The US list comprised 26 CEOs controlling USD 1.1 trillion in market cap, seven newcomers, one returnee, and nine women in the technology industry. Ratan Tata Among 3 Indians On Forbes List Of Greatest Living Business Minds