Powerful Women in India

Chanda Kochar: A living Inspiration for today’s woman | #PowerWomanOfIndia

Chanda Kochar
Written by Team Urban Tree

On account of International Women’s day, team Urban Tree has meticulously chosen some great women achievers of our country. As we celebrate the social, economic, cultural and political achievement of women on March 8, this is a series of blogs that feature those strong women of India who have made their way up to become successful by breaking stereotypes!

It is no easy task for a woman to carve a niche for herself in a male dominated society like ours. It was no different for Chanda Kochar yet she managed to climb the throne that she was born for.

Early Life:

Chanda Kochar was born on November 17, 1961 in Jodhpur, Rajasthan. She completed her Bachelor of Arts degree from Jai Hind College, Mumbai. Later in 1982, she earned a Masters in Management Studies (Finance) from the Jamnalal Bajaj Institute of Management Studies, Mumbai and is a Cost Accountant from the Institute of Cost and Works Accountants of India. Her intellectual quotient has won her recognition for excellence in the field of Accountancy & Management Studies.

Professional Life:

Kochar kick started her career in the year 1984 as a management trainee at ‘The Industrial Credit and Investment Corporation of India Limited’ or ICICI Limited. Her journey to the path of success begun when she was first promoted as the Assistant General manager in the year 1994 and then as the Deputy General Manager in 1996. She took over the position of the General Manager in 1999. From then till now, she rose through ranks by efficiently handling multi-dimensional assignments & today she is the Managing Director and the Chief Operating Officer of ICICI Bank.

Achievements:

Chanda Kochhar was a part of the core team when ICICI decided to set up the ICICI Bank in 1993 and was the only banker who took that major leap and brought the concept of Electronic Banking by establishing about 2000 ATMs all over India. ICICI Bank was awarded as the ‘Best Retail Bank in India’ for the years 2001, 2003, 2004 & 2005 under Kochar’s leadership. She was also awarded the Padma Vibhushan award in the year 2011 and clinched the 35th position in the Forbes’ list of 100 Most Poweful Women of the World.

Leading the 21st Century:

Kochar is one among those women who has never failed to inspire the world. Be it her dedication towards her work or her smart decisions, she has never been disappointing. She has played an instrumental role in bringing about a remarkable transformation in India’s Banking sector, which experienced major setbacks after the 2008 financial crisis. Her mission of bringing the concept of “mobile banking” in rural areas to reach more clients has been praised as a model for low cost expansion in a country with a burgeoning middle class.

Kochar mother of two, smartly balances her career with family and never slacks in her 24-hour schedule. She utilises her breathing time to go through mails, telephonic conferences or to catch up on sleep.

She is an inspiration to all those young women aiming to make it big in the corporate world. She surely is the #PowerWomanOfIndia.

Reference:

http://www.iloveindia.com/indian-heroes/chanda-kochhar.html

http://www.mckinsey.com/global-themes/leadership/an-interview-with-chanda-kochhar

About the author

Team Urban Tree

Urban Tree are the creators of magnificent homes in Chennai. Urban Tree is committed to creating world-class homes featuring innovative new styles that are meticulously integrated into every aspect of modern day living.

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