You are here: Home » Companies » News
Business Standard

Nita Ambani, SBI chief on Forbes powerful businesswomen list

Six other Indians figure in the list of top 50 in Asia

Topics
Nita Ambani

Kalpana Pathak  |  Mumbai 

Mumbai Indians owner Nita Ambani along with Captain Rohit Sharma  Photo courtesy: Kamlesh Pednekar
Mumbai Indians owner Nita Ambani along with Captain Rohit Sharma Photo courtesy: Kamlesh Pednekar

Nita Ambani, described by Forbes Asia magazine as the “power near the throne” at Reliance Industries Ltd and Arundhati Bhattacharya, chairman of State Bank of India, have been named among the most powerful businesswomen in Asia.

The other six Indians to figure on Forbes’s Asia’s 50 Power Businesswomen 2016 list, compiled in alphabetical order, were Mu Sigma’s chief executive officer (CEO) Ambiga Dhiraj, Welspun India CEO Dipali Goenka, Lupin CEO Vinita Gupta, ICICI Bank managing director Chanda Kochhar, VLCC Health Care founder Vandana Luthra and Biocon founder Kiran Mazumdar-Shaw.

The list that features women leaders from China, Indonesia, Australia, Vietnam, Thailand, Hong Kong, Japan, Singapore, the Philippines and New Zealand.

Describing Nita Ambani as the “first lady of Indian business”, Forbes said Ambani, 52, is a “power near the throne” and makes her debut on the list because of her rising profile in Reliance Industries, led by her husband and India’s richest man, Mukesh Ambani.

Nita Ambani, SBI chief on Forbes powerful businesswomen list
Nita Ambani is also director on the board of Reliance Industries.

On Bhattacharya, 60, Forbes said she is facing her “most challenging test” yet with the State Bank of India as it grapples with mounting bad loans, which stood at $11 billion in December and caused net profit to plunge more than 60 per cent to $190 million in a recent quarter.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, April 08 2016. 00:44 IST
RECOMMENDED FOR YOU
.