Indian women are doing wonders in business world, they are becoming Managing Directors, Chairpersons, CEOs and head many business empires. Here is the list of Top Women Business Leaders of India:
1 Shanti Ekambaram- Deputy Managing Director-Kotak Mahindra Bank. She heads the Consumer Banking Business at Kotak Mahindra Bank. In the last financial year ending March 2025, she earned Rs 6.62 Cr, this includes basic pay of Rs 2.84 Cr and annual incentive of Rs 1.17 Cr. She was also granted stock options during the year. She has been with the bank for over three decades holding various leadership positions and playing a key role in its growth. She is also a member of bank’s executive board and Group Management Council, driving the bank’s growth strategy. She is slated to retire in October 2025.
2 Parminder Chopra- Chairperson & MD, Power Finance Corporation. This Company’s worth is Rs 1.44 Lakh Crore. The company is an Indian Public Sector company engaged in infrastructure finance activities, and is under the administrative control Ministry of Power, Government of India. She is 57 years old. Her annual pay package is Rs1.02 Cr, comprised of47.1% salary and 52.95 bonuses, including company stocks, she owns company shares worth Rs 1.1 Cr.
3 Vibha Padalkar- MD and CEO, HDFC Life Insurance. The company’s worth is Rs 1.37 Cr. She attained this position in the company after being associated with company for 10 years. At present she receives a total compensation of Rs 9.77 Cr, this includes Rs 5.5 Cr in salary and other components like bonuses and company stock options. As per the latest reports she owns company shares worth Rs 56.5 Cr. By education, she is Chartered Accountant and is also member of the Institute of Chartered Accountants in India.
4 Hina Nagarajan-MD and CEO of United Spirits (Diageo India). Company’s worth is Rs 1.06 Lakh Crore. By education she is having Masters in Business Management from IIM. She is a member of Diageo Plc’s Global Executive Committee. She is having about 35 years of experience, and has a proven record of business transformation and development in complex emerging markets of Africa, China, Southeast Asia, and India. Her gross compensation is Rs 13.9 Cr per annum.
5 A Manimekhalai- MD and CEO of Union Bank of India. Company’s worth is Rs 85,300 Cr. She has just completed her tenure on 3rd June 2025. She became MD & CEO in June 2022. She is having experience of more than 3 decades in banking field. She joined Vijaya Bank in 1988. Before becoming MD of Union Bank, She was Executive Director of Canara Bank. Her annual compensation is not available in public domain.
6 Shveta Arya- MD Cummins India. Company’s worth is Rs 81,600 Cr. She became MD of Cummins India in 2024. She holds a master’s from IIM-Ahmedabad, and bachelor’s in Information Technology Engineering from Delhi University. She has over 20 years of industry and management consulting experience. Prior to joining Cummins in 2016, she has been associated with organizations such as Thomas Cook, Kearney and Infosys. Her gross compensation is Rs 3.8 Cr per annum.
7 Prabha Narsimhan- MD and CEO of Colgate Palmolive India. Company’s worth is Rs 73,700 Cr. Before joining Colgate in 2022, she was with Hindustan Unilever Ltd, where she led Home Crae category as Executive Director. She has nearly 25 years of rich and varied experience in Consumer Development, Consumer marketing in multiple categories including Home Care, Foods, Personal & Skin Care. She is from IIM Bangalore. Her total compensation package is Rs 12.1 Cr, which includes salary of Rs 1.9 Cr, bonuses 7others 10.2 Cr.
8 Eranti Sumithasri- Chairperson Schaeffler India. Company’s worth is Rs 50,700 Cr. She was appointed Chairperson of the company in Feb 2023, the company is leading automotive and industrial supplier. She has over 25 years of experience in business leadership, technology, consulting & financial services industries. She has been independent director of Schaeffler since 2020. Her compensation package is Rs 78.4 lakhs, plus bonuses etc.
9 Vishakha Mulye- MD & CEO Aditya Birla Capital. Company’s worth is Rs 46,400 Cr. She took the charge in 2022. Under leadership, Aditya Birla Capital expanded its offerings across Loans, Investments, and Insurance. Before joining Aditya Birla Group, she held various leadership positions at the ICICI Group, where she led significant strategic transformations. Her annual compensation at Birla group is around Rs 10 Cr per annum.
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Anil Malik
Mumbai, India
24th July 2024