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NAME:- PATEL KRISHNA M

FINANCE-B
ROLL NO:-3

SUCCESS STORY OF CHANDA KOCHHAR

With a firm belief in her heart and living by her own belief that women in any
organization can grow just by their merit and not by special favours and privileges
due to their gender Chanda Kochhar has listed herself as one of the 50 most
powerful women in business in the Fortune Global 2014 analysis. This Indian lady is
world renowned for her corporate leadership and bold decision making skills. She is
the current Managing Director and the Chief Executive Officer of the ICICI Bank
which is Indias largest privatised financial institution. She is the leading example of
todays women and her empowerment to make the world a better place to live in.

Being an important persona of the core ICICI team she helped the organisation
empower its wings and fly at distant skies. Her vision was far beyond the local level.
It was she had the courage to keep working hours of the bank be 12 hours whereas
rest all brands worked for 7 hours in a day. She is one of the few bankers who
envisioned the idea of2000 ATM machine installations throughout India promoting
electronic banking in a large scale. ICICI bank received the recognition to be the
Best Retail Bank in India for the years 2001, 2003, 2004 and 2005 under her lead.

Childhood Chanda Kochhar, born on November 17 in the year 1961 in Rajasthan


completed her graduation from the Jai Hind College in Mumbai. She did cost
accountancy from ICWAI and learnt the various skills of management by pursuing a
Masters degree at the Jamnalal Bajaj Institute of Management Studies. She was an
extremely enlightened student and earned recognition of the Wockhardt Gold Medal
for her excellence in Management studies. She also received at the J.N.Bose gold
medal award for her outstanding performance in Cost Accountancy.

Career The direction of her life transformed when she joined the ICICI or The
Industrial Credit and Investment Corporation of India Limited as their trainee
management in the year 1984. There was no looking back since then. Year 1994
saw Chanda become the Assistant General Manager while in the year 1996 she
became the Deputy General Manager. Under her leadership, the company saw a
new dimension. In the year 1999 she was further promoted as the General Manager
and was honoured with the responsibility of managing more than top 200 reputed
clients of the company.
The company started its retail operations in the year 2000, under Chanda Kochhars
leadership and visionary ideologies. In the next few years the company became the
largest in the retail sector in the nation. The company honoured her by making her
the Deputy Managing Director who proficiently managed the entire corporation and
the banking sector of the retail. Year 2007 to 2009, saw her working hard and
ambitiously as the CFO or Chief Finance Officer, JMD or the Joint Managing Director
and the official representative and spokesperson for the brand.

In May 20009 Chanda Kochchar was given the recognition to be the Chief Operation
Officer and the Managing Director for five years by the ICICI bank.
An eternal optimist she does not shriek away from challenges. She believes that new
entrants cannot disrupt large banks and that competition provides the best value to
consumers. For her challenges are no more confined to achieving scale but of
aligning strategy of organization with changed environment.
A mother of two, Kochhar efficiently juggles her career with family. She never slacks
in her 24-hour schedule and utilises her breathing time to go through mails,
telephonic conferences or to catch up on sleep. Her appointment as the head
honcho of ICICI is an inspiration for all the women aspiring to make a mark in the
corporate world.
Achievements

Retail Banker of the Year honour by the Asian Banker in the year 2004

Business Woman of the Year recognition by the Economic Times in the year
2005

Rising Star Award by the Retail Banker International in 2006

She was featured in the list of 30 Most Powerful Woman Leaders in


business for eight years continuously.

Transformational Business Leader of the Year by the All India Management


Association in the year 2010

Chanda Kochhar was ranked the 10th in position in the list by Fortune of
Most Powerful Women in Business during 2010
Achieved 92nd rank in Forbes list of Most Powerful Woman for 2010.

The CNBC TV 18 awarded her in the year 2010 as the Outstanding Woman
Business Leader of the Year.

Her name got the rank to be the 11th in the Financial Times list for the Top
50 Woman in World Business

She was awarded the Padma Vibhushan in the year 2011

A true inspiration for all men and women is Chanda Kochhar. She has achieved a
perfect balance in between work and home. An optimistic for eternity, she is always
up for the challenge and faces criticism fearlessly and with humility. Women in our
country for ages has been struggling to play so many roles in their lives as
mothers, as homemakers, as business women, as innovators and as dreamers to
build a nations destiny. It is one and only one who can strike the balance of work
and home can see the fruits of success and peace in life.

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