Chanda kochar

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A presentation on Chanda kochhar presented by : Ankita meghani MAM-3 SMT. S. H Gajera MBA Mahila Collage

Transcript of Chanda kochar

Page 1: Chanda kochar

Apresentation

onChanda kochhar

presented by : Ankita meghani

MAM-3

SMT. S. H Gajera MBA Mahila Collage

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INTRODUCTION • Chanda kochhar is currently the Managing Director (MD)

and chief Executive officer(CEO) of ICICI Bank.

• ICICI Bank is India’ s largest private bank and overall second largest bank in the country.

• In 2014, She has been named among Fortune’s 50 most powerful women in business for the fourth consecutive year.

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Early Life • Chanda kochhar was born in Jodhpur, Rajasthan on

November 17, 1961, but was raised in Jaipur, Rajasthan.

• She joined Jai Hind College in Mumbai for a Bachelor of Arts degree.

• After completing her graduation in 1982, she followed cost accountancy (ICWAI).

• Later ,she did her Master’s degree in management studies from esteem JamnaLal Bajaj Institute of Management Studies in Mumbai from where she received a Wockhardt Gold medal for excellence in Management Studies. In the same year, she won the J.N Bose gold medal for cost accountancy.

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Con...• 1984 was the year in which Mrs Chanda Kochhar

started her professional career by joining “The Industrial Credit and Investment Corporation of India” as management trainee.

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CAREER• Chanda Kochhar started her professional career in the

year 1984 and can be divided into three phases.

1984-1993• The first phase is that from year 1984-1993. It was the

year 1984 that she joined “The industrial credit and investment corporation of India Ltd”(ICICI ltd) as a management trainee.

• In her first year in ICICI , she handled project judgment and monitoring and various projects in petrochemicals, textile and cement and paper.

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Con...1993-2006 • The second phase was from 1993-2006. It was in this

intermediate phase of her life that she was sent to be a part of a core team of bank and set it right.

• After 10 years of working in the same bank she was given the responsibility to be the General Manager in 1994 followed by which she became the Deputy General Manager in the year 1996. She headed the infrastructure Industry Group of ICICI.

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Con… • In 1999, she was promoted as the General Manager and

became the head of ICICI’s ‘Major Client Group’ which handled relationships with top 200 clients of the organization.

• In the same year she started handling the strategy and

E-commerce divisions of ICICI.

• Under Kochhar’s leadership, ICICI began its retail business in 2000 and in the next five years ,became ‘The biggest retail financer in India. In 2001, she became the Executive Director of ICICI Bank.

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Con... 2006-till now• Finally the third phase started in 2006 and continuing till

now. In April 2006, Chanda kochhar was given the designation of Deputy Managing Director of ICICI Bank .

• Using her unique skills she started to handle both international and corporate business of ICICI Bank .

• Her designation was also advanced to Chief Financial Officer(CFO),Joint Managing Director(JMD) and also the Official spoke person from 2007 to 2009.

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Con… • Also Mrs Kochhar is a director of different companies of

ICICI Group. She is the honorable chairperson of ICICI Bank Eurasia Ltd Labiality Company. Today, being the MD and CEO of ICICI, She is also director of ICICI International Ltd and ICICI Prudential Life Insurance Company Ltd.

• She is a member of the Indian Council for the Research on International Finance and International Monetary Conference. She was co-chair of the World Economic Forum ‘s Annual Meeting in 2011.

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PERSONAL LIFE • When Chanda Kochhar was born her family was dwelling

in Jaipur. Her father was a known figure in Jaipur and was a principle at an engineering college. The name of his father was Professor Roopchand Advani.

• Chanda Kochhar was a brilliant student and dreamt of becaming IAS Officer .However, destiny has something else for her. Her father died when she was just thirteen and then her mother decided to shift Mumbai along with her three children .

• Chanda kochhar came to mumbai and started to see business world from close proximity. She did her graduation and post graduation in Mumbai.

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Con...• She is married to Deepak Kochhar , who is a successful

wind energy entrepreneur. Both of them were in the same batch at Jamna Bajaj institute from where kochhar did her MBA. He has always supported Chanda to the hilt. She believed that major part of her success story is because of her husband.

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Mentors to whom she owes her success

• During her career, Kochhar drew on the lessons learnt from ICICI’s iconic Chairman Narayan Vaghul, as well as Kamath, both of whom have deeply influenced her career.

• Starting at ICICI around the same time Vaghul came to the institution, Kochhar made her mark early, being confirmed in her job three months ahead of schedule. Vaghul identified Kochhar’s talent quickly , and included her in a select team to drive the computerisation of ICICI.

• Several years later, Kochhar was instrumental in establishing the new banking entity in 1993 , which later become gaint as it is today.

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Con...• In between ,she had taken on several roles at the

institution, heading the infrastructure finance and corporate banking business in ICICI , and building the retail business in 2000.By 2006-07,Kochhar was leading ICICI Bank’s corporate and international banking business at the time when Indian companies were aggressively making a mark on the global mergers and acquisition landscape.

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Con…• Between 2007 and 2009, she had consolidated her

position as its joint MD and CFO. Mr Vaghul had a vision and he picked Chanda Kochhar to lead the banking initiative.

• Kochhar peers hold her in high esteem, Mr Vishwavir Ahuja who is a former Indian head of Bank of America holds that Chanda is a very bright capable leader with admirable grit and determination. Her personality traits are responsible for the success she has achieved.

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Con...• Kochhar’s mother was a powerful role model for her.

Her family was a sindhi family, a Hindu group whose member lost their land and wealth when they fled from Pakistan to India following India’s partition in 1947.

• After her father died her mother worked as a designer in

a clothing boutique to support her three children. She was a great source of inspiration for her.

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Kochhar’s strategy to keep ICICI on growth trends

• Things have changed quit dramatically for ICICI Bank which today has a asset size of Rs.5.36 lakh crore up from Rs3.79 lakh crore in 2008- 09, when Kochhar took charge. The proportion of low-cost current – account-saving account (CASA) deposits has grown substantially from 28.7 per cent of total asset in 2008-09 to 43.3 per cent in 2012-13.

• The focus on better management of risk has led to a dramatic improvement in credit quality and credit cost or the cost of provisions the bank makes against bad loans – declined from 2.2 per cent of total asset to just 0.8 per cent in financial year 2012-13.

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Con...• A mixed strategy is followed, on one hand cost were

being cut and high- cost deposits were being shed. On the other , the branch network was being expanded. Internally ,from a product centric model where segmentation was done on the basis of deposits, home loans ,car loans and the like, the bank moved to customer segmentation.

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Awards and Accolades2014 • Named among fortune‟s 50 most powerful women in business for

the fourth consecutive year. • Received the “Mumbai women of the Decade.”

2013 • Ranked as the most powerful women in business in India for the

third consecutive year in fortune's list of „50 Most powerful Women in Business: The Global 50.‟ She is among the four most powerful women in business in the world, according to the list.

• Conferred the “AIMA JRD TATA Corporate Leadership Award” 2012

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Con…• Recipient of the 4th Asian Corporate Director Recognition

Awards 2013.

• Ranked as the most powerful business women in India in the Forbes list of ‘The World’s 100 most powerful women 2013.’

• Featured for the third year in a row in the power list 2013 of 25 most powerful women in India by India Today.

• Awarded the business person of the year 2012 by Business India. She is the first woman recipient of this award in 31 years.

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Con…2012 • Topped the list of “50 Most Powerful Women in Business.” by

the fortune India.

• Ranked 59th in the world’s 100 most-powerful women by Forbes.

• Named amongst the nine Indian Women in the Forbes inaugural ”Asia Power Businesswomen” list.

• Ranked fifth in the list of the “Most Powerful CEOs” in India by the Economic Times and first in the list of “Top Women CEO’s” in the country.

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Con…2011 • Ranked fifth by Fortune in the international list of “50 Most Powerful

Women in Business.”

• Ranked 17th among the “25 Most Powerful CEOs” in Asia by Fortune.

• Ranked 10th by financial times in the “Top 50 Women in World Business”.

• Featured in the “Hall of Fame – Most Powerful Women in Indian Business” by business today.

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Con…2010

• Conferred with the “Banker of the Year Award” by Financial Express.

• Featured in the list of “30 most powerful women leaders” in business today for eight consecutive years from 2002 to 2010.

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Emolument• While the growth was tempered in the early years to curb MPAs, it has been on a growth trajectory in the recent past. Now, with a salary of Rs5.12 crore , Chanda kochhar has achieved the distinction of being the highest paid banker in the country.

•The other top-notch bankers were not on chanda kochhar’s heels. Aditya Puri, the star M.D. of HDFC Bank came within touching distance with an annual salary of Rs 5 crore.

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Conclusion• Chanda Kochhar’s ability to manage such a huge

organization and being it the best profits ever keeping the employees highly contented is the most admiring quality about her. We have heard that a leader is tested during critical times.

• It shows her decision making power. In year 1991, when country was dwindling under financial pressure from all corner, it was then the concept of privatisation of bank was done. Her abilities in the financial sector were highly appreciated in the company which got her a post of general manager in 1994.

• It makes this person admired all around the nation. The HR communication qualities of a leader can be seen in the manner she convinced the customers to use the services of privatised bank in the era. .

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References

• Wikipedia.org/wiki/chanda-kochhar • www.forbes.com/profile • www.icicibank.com • www.businessnew,com • www.toi.com • www.weforum.com • Articles.economictimes.com

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