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June 12, 2014

The Influence Of Women- Corporate Sector

Since decades women have been discriminated, especially in India,where beliefs are too strong to be broken and people too uneducated to understand! However, we have successfully reduced the amount of discrimination and come to stage where women are no less than men, especially in the corporate sector, where Pepsi is headed by Indra Nooyi and ICICI Bank is headed by Chanda Kochhar and........  

Women CEOs in India

There many examples of women in India making a vital contribution to corporate leadership. They have used a special combination of individual competence, industry knowledge and management skills to make it to the top.

We do not need to have a woman President (last former President), woman Speaker of the Lok Sabha, and a woman President of the opposition party in government to announce the fact that women in India have arrived. Women have always played an effective role in politics, powerful forces right from the days of Rani of Jhansi, and Sarojini Naidu to Indira Gandhi. But it is in the broader context of the social and eco­nomic milieu that women in India are now slowly coming into their own. Despite the Diverted rulings of a village court (khap panchayats) banning women from using mobiles or exposing their faces in public, or the rants and raves of misdirected fundamentalists persecuting women at bars and pubs, and inspite of a global study conducted by Reuters terming India "fourth most dangerous country" in the world for women, there are today thousands of examples to celebrate Indian women's remarkable achievements in practically every walk of life. Indian women are flying planes, fighting criminals, saving lives and running companies, so it is not surprising that today India has the world's largest number of professionally qualified women - more female doctors, surgeons, scientists, lawyers and professors than even the United States. More than that, they are even excelling in what has predominately been "a man's world", that of business and management.

The Glass Ceiling Broken

Professional women in India have broken the glass ceiling and have started making impressive strides. Women CEOs in India currently head eleven percent of 240 large compa­nies-Indian-owned as well as multina­tional, private as well as state-owned according to a study carried out be executive search firm EMA Partners. In comparison, only three percent of the Fortune 500 companies have women CEOs.

The largest number of women CEOs today in India is in the finance and banking sector where the country's second-biggest bank, ICICI Bank, and its third-largest, Axis Bank are headed by women. Chanda Kochhar is the Managing Director and CEO of ICICI Bank, while ex-ICICI Prudential Chief Shikha Sharma heads Axis Bank. In addition there is Kalpana Morparia as Country Head of JPMorgan, Naina Lai Kidwai at HSBC and Meera Sanyal at ABN Amro. Manisha Girotra heads UBS, Ashu Suyash

Fidelity International in India and half of the deputy governors at the Reserve Bank of India are women.

What's more - eleven percent of the Indian women CEOs are in the media and another 11 percent in Pharmaceuticals. Kiran Mazumdar-Shaw is the Chairman and Managing Director of Biocon and Preetha Reddy, Managing Director, Apollo Hospitals Enterprise. Eight percent of women CEOs are in consulting and another eight percent in FMCG and consumer durables with names like Vinita Bali of Britannia and Nadia Chauhan of Parle Agro. Women are also heading manufacturing and IT companies - the largest personal computer company in the country, Hewlett-Packard, is headed by Neelam Dhawan. If this can-not illustrate woman power in India, nothing can.

Indra Nooyi

To add lustre to this list is the name of Indra Nooyi, CEO of Pepsi worldwide, possibly the most successful business woman in the world, who may be based in the US, but did her schooling and college in India. Listed as one of the most influential female CEOs for the past six years in Forbes Fortune 500, Nooyi completed an MBA from the Indian   Institute of Management Calcutta, and then went on to Yale University where she studied a Master's degree in Public and Private Management before she began working for Pepsi Co in 1994. In only seven years Nooyi was appointed President and CFO of the company, and there has been no looking back for her after that.

In a country where parents in some areas still prize boys over girls, where overall female literacy rates are poor, and when even top Bollywood heroines quit acting after marriage, the wealth of women in business and management, particularly banking may seem surprising. Today, India Inc has woken up to a surreal surge of women executives taking the reigns of companies – multinational, private and public sector, family-owned, entrepreneurial, - closing in on the apparent gender gap that has kept them captive for decades. Hope lies in every second passing for a better,safer,unbiased India towards women!!!!