4 Indian CEOS among Fortune’s biz persons of the yr
Four leading Indiaborn CEOS, including Microsoft’s Satya Nadella and Mastercard’s Ajay Banga, have featured in Fortune’s Businessperson of the Year list topped by Facebook founder Mark Zuckerberg.
Nadella has been ranked fifth among 50 global corporate heads by Fortune in its annual ‘Businessperson of the Year’ compilation, followed by CEO of Milwaukee-based maker of water heaters AO Smith, Ajita Rajendra, on the 34th spot,
HDFC Bank MD Aditya
Puri on the 36th position and Banga on 40th.
Zuckerberg took home the annual honour of Businessperson of the Year, with Fortune saying his success rests on three pillars of “his unique ability to look into the future, his otherworldly consistency, and the business discipline he has nurtured in an industry quite often enamored with shiny objects”.
According to Fortune, since Nadella took charge in early 2014, Microsoft has been engineering a “stunning” turnaround. “He has taken a company focused on personal computing but showing promise in its enterprise and cloud-computing businesses, and turned that equation on its head,” it said.
Rajendra, in his four years as CEO of the maker of water heaters, has kept the company boiling hot, doubling profits and nearly tripling the company’s stock price with strong growth in North America and China, the publication said.
Under Puri, who has led HDFC for two decades, there has been nothing boring about its growth, from $40 million in revenues to one of India’s largest banks with $5.6 billion.
A regular on lists of the most powerful and influential business persons, Banga has been described as one of the “apostles” of a post-cash world who has been “aggressive” in expanding Mastercard overseas.
The list also includes Amazon CEO Jeff Bezos (at number two), Alphabet CEO Larry Page (number four), Alibaba executive chairman Jack Ma (number 10), among others.