FORTUNE India releases ranking of 50 Most Powerful Women in Business

FORTUNE India ranks India's 50 Most Powerful Women in Business, for the first time, in its November issue. Chanda Kochhar of ICICI Bank is in the first place, whereas Shikha Sharma of Axis Bank and Mallika Srinivasan of TAFE have taken the second and third place in the ranking.

Dibyendra Nath Mukerjea, editor of FORTUNE India, said, "Indian women span generations and today we find them in every field. Acquisitions, garnering profits, successful new ventures, pioneering concepts, snagging mega deals...all important factors, no doubt, when defining power. We looked at the changes they brought in, and the way they transformed businesses. In the process, we made some surprising discoveries. But then, surprise was what we expected when we put together Fortune India's first ranking of the most powerful women in India Inc."

Other women who figure amongst the Top 10 as per the 50 Most Powerful Women in Business by FORTUNE India, include ' Aruna Jayanthi, CEO, Capgemini India; Zia Mody, Co-founder, AZB Partners; Vinita Bali, Managing Director, Britannia Industries; Shobhana Bhartia, Chairperson and Editorial Director, HT Media; Chitra Ramakrishna, Joint Managing Director, NSE; Kiran Mazumdar-Shaw, Chairman & Managing Director, Biocon and Frenny Bawa, ex-MD, RIM India. (Detailed list enclosed below).

Pavan Varshnei, President of FORTUNE India, said, "FORTUNE India's Most Powerful Women in Business list is the most comprehensive ranking of influential women in Indian business."

Issue also carries a feature on the compensation package of the 10 highest paid Indian business women. The story gives a graphical comparison of the salaries of the highest paid women in India vis-à-vis their counterparts in US and the highest paid men in India.

FORTUNE India had recently received global recognition for its design and layout ' photo, graphics etc. It is the only Indian magazine to win two merit awards from the Society of Publication Designers, New York, and besides that, a bronze award for infographics at the IFRA Annual Competition, earlier this year.