Three Indians in Fortune''s `Global Power 50'' list of businesswomen

11 October 2006

Mumbai: Fortune magazine has named three Indians — ICICI Bank deputy managing director Chanda Kochhar, HSBC India CEO Naina Lal Kidwai and Biocon head Kiran Mazumdar-Shaw — among the world''s 50 most powerful businesswomen.

The global recognition for the country''s three businesswomen comes close on the heels of

The Fortune list, however, does not include the name of Indra Nooyi, the India-born head of global soft drink giant PepsiCo, who the magazine had earlier featured as the most powerful businesswomen in the US.

Chanda Kochhar, who is deputy managing director of the country''s largest private sector bank, has been ranked 37 in the Global Power 50 list published in Fortune''s October 16 issue. She has moved up ten positions from her 47th rank in the previous year''s list. Kochhar, 44, was promoted to her new position in ICICI Bank in April.

Naina Lal Kidwai, CEO of HSBC India, has been ranked 41, while Kiran Mazumdar-Shaw, chairman and managing director of biotechnology major Biocon, has been ranked 48th in the list.

Shaw has moved down four positions from 44 in 2005, while Kidwai has returned to this list after a gap of two years.