Chanda Kochhar tops Fortune power list
AGENCIES Posted: Wednesday, Nov 09, 2011 at 1756 hrs IST
KOCHAAR
New Delhi: ICICI Bank chief executive Chanda Kochhar has been named as the most powerful woman in Indian business but when it comes to pay, Sun TV Network's joint MD Kavery Kalanithi is the highest earner with an annual salary of $13.09 million, according to Fortune magazine.
With a pay packet of $13.66 million, Jindal Steel chairman Naveen Jindal is the highest paid business man, followed by Sun TV Network chairman and Kavery's husband Kalanithi Maran, whose annual package is $13.09 million.
In the Fortune list of 50 most powerful businesswoman, Kochhar is followed by former ICICI executive and Axis Bank MD and CEO Shikha Sharma at the second spot.
Two other former ICICI executives -- JP Morgan India CEO Kalpana Morparia (16th rank) and Multiples Alternate Asset Management's founder and CEO Renuka Ramnath (20), also feature in the league.
TAFE's chairperson Mallika Srinivasan (3), Capgemini India CEO Aruan Jayanthi (4), AZB Partners co-founder Zia Mody (5) and Britannia Industries managing director Vinita Bali (6) feature in the list, which would be published in the magazine this week.
HT Media chairperson and editorial director Shobhana Bhartia is at the seventh spot, followed by National Stock Exchange joint managing director Chitra Ramakrishna (8), Biocon chairman and MD Kiran Mazumdar (9) and RIM India's former MD Frenny Bawa at 10th slot.
Interestingly, Kochhar, who is also ICICI Bank's MD, does not find a place among the ten highest paid women executives in the country.
Other prominent names in the power list include HSBC India group general manager and country head Naina Lal Kidwai (12), Apollo Hospital Enterprises MD Preetha Reddy (13), Facebook India head Kirthiga Reddy (21), HDFC Managing Director Renu Sud Karnad (35) and UBS chairperson and MD Manisha Girotra (48).
From entertainment space, there are at least two women – Joint Managing Director, Balaji Telefilms joint MD Ekta Kapoor (31) and Three's Company co-founder Farah Khan (42).
Among the top ten highest paid women executives, Peninsula Land chairperson Urvi A Piramal is at the second place with $1.74 million pay, followed by Preetha Reddy ($1.11 million) and Vinita Bali ($1.03 million).
With a pay of $6.23 million, Hero Motocorp MD and CEO Pawan Munjal ($6.28 million) is the third highest paid business man, followed by Hero Motocorp chairman Brijmohan Lall Munjal ($6.23 million).
Reliance Industries chairman Mukesh Ambani, who was once the highest paid executive in the country, does not feature in the list, since he has fixed his pay at around Rs 15 crore for the past three years, starting from 2008-09.
In 2007-08, he had topped the highest paid executives league with a pay packet of Rs 44 crore.
Meanwhile, Kavery Kalanithi might be the most paid woman executive, but her package is just about one-third of the highest paid US business woman -- Oracle president and CFO Safra A Catz.
According to Fortune, Catz's salary is $42.09 million.
The American list of highest paid women executives also features Pepsico's India-origin chairman and CEO Indra Nooyi at ninth position, with a pay of $14.03 million.
Fortune India’s 50 Most Powerful Women in Business
1. Chanda Kochhar (MD and CEO, ICICI Bank)
2. Shikha Sharma (MD and CEO, Axis Bank)
3. Mallika Srinivasan (Chairperson, TAFE)
4. Aruna Jayanthi (CEO, Capgemini India)
5. Zia Mody (Co-founder, AZB Partners)
6. Vinita Bali (Managing Director, Britannia Industries)
7. Shobhana Bhartia (Chairperson and Editorial Director, HT Media)
8. Chitra Ramakrishna (Joint Managing Director, National Stock Exchange)
9. Kiran Mazumdar-Shaw (Chairman and Managing Director, Biocon)
10. Frenny Bawa (Former Managing Director, RIM India)
11. Meenakshi Saraogi (Joint MD, Balrampur Chini Mills)
12. Naina Lal Kidwai (Group General Manager and Country Head, HSBC India)
13. Preetha Reddy (Managing Director, Apollo Hospital Enterprises)
14. Amrita Patel (Chairman, National Dairy Development Board)
15. Harshbeena Sahney Zaveri (MD and President, NRB Bearings)
16. Kalpana Morparia (CEO, JP Morgan India)
17. Mira Kulkarni (MD, Mountain Valley Springs India)
18. Sujata Keshavan (Co-founder, Ray+Keshavan Brand Union)
19. Roopa Kudva (Managing Director and CEO, CRISIL)
20. Renuka Ramnath (Founder, Managing Director & CEO, Multiples Alternate Asset Management)
21. Kirthiga Reddy (India Head, Facebook)
22. Priya Paul (President, Park Hotels Group)
23. Jasmeet Kaur Srivastava & Gitanjali Ghate (Managing Directors, The Third Eye)
24. Rama Bijapurkar (Marketing Consultant)
25. Kaku Nakhate (President & Country Head India, Bank of America Merrill Lynch)
26. Rekha Menon (Executive Director, Accenture)
27. Neelam Dhawan (Managing Director, Hewlett-Packard India)
28. Sangeeta Pendurkar (Managing Director, Kellogg India)
29. Vedika Bhandarkar (Vice Chairperson, Credit Suisse)
30. Ekta Kapoor (Joint Managing Director, Balaji Telefilms)
31. Vishakha Mulye (Managing Director, CEO, ICICI Venture)
32. Reshma Shetty (Managing Director, Matrix India Entertainment Consultants)
33. Sminu Jindal (Managing Director, Jindal SAW)
34. Renu Sud Karnad (Managing Director, HDFC)
35. Ritu Kumar (Ritu Kumar Design)
36. Anuradha J Desai (Non-executive chairperson, Venky’s / Chairperson, VH Group of companies)
37. Vandana Luthra (Founder & mentor, VLCC Health Care)
38. Lynn De Souza (Chairman and CEO, Lintas Media Group)
39. Bala Deshpande (Country Head and senior MD, New Enterprise Associates India)
40. Suvalaxmi Chakraborty (CEO, State Bank of Mauritius (India))
41. Farah Khan (Co-founder, Three’s Company)
42. Meher Pudumjee (Chairperson, Thermax)
43. Ashu Suyash (Managing Director and Country Head, India, Fidelity International)
44. Radhika Roy (Managing Director and Executive Co-Chairperson, NDTV Group)
45. Rajshree Pathy (Chairman and Managing Director, Rajshree Sugars and Chemicals)
46. Swati Piramal (Director, Piramal Healthcare; Vice Chairperson, Piramal Life Sciences)
47. Manisha Girotra (Chairperson and Managing Director, UBS)
48. Meera Sanyal (Country Executive & Chairperson, RBS India)
49. Anita Arjundas (Managing Director, Mahindra Lifespaces)
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