CHANDA

KOCHHAR

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. She is widely recognised for her role in shaping the retail
banking sector in India and for her leadership of the ICICI Group,
as well as her contributions to various forums in India and
globally.
In 2014, She has been named among Fortunes 50 most
powerful women in business for the fourth consecutive year.
Under the leadership of kochhar, ICICI has transformed itself
from corporate bank into a retail bank , and now a universal
bank.

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 pursued cost
accountancy (ICWAI).
Later ,she did her Masters degree in management studies from
esteem Jamna Lal 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.
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.
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 initial year in
ICICI , she handled project appraisal and monitoring and various
projects in petrochemicals, textile and cement and paper.
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.
Continued
In 1999, she was promoted as the General Manager and became
the head of ICICIs Major Client Group which handled relationships
with top 200 clients of the organisation. In the same year she
started handling the strategy and E-commerce divisions of ICICI.
Under Kochhars 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.
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.
Continued
Also Mrs Kochhar is a director of different companies of ICICI
Group. She is the honourable 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.
In addition to her responsibilities at the ICICI Group, Mrs
Kochhar is a member of the Prime Ministers Council on Trade and
Industry, the Board of Trade, High level Committee on Financing
and Infrastructure , US-India CEO Forum and UK India CEO Forum.
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.
Kochhar s turnaround of ICICI has earned her many accolades and
reward.

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.
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.

continued.
Chanda kochhar has one son and one daughter, Arjun and Aarti
Kochhar. Aarti has just completed her engineering and Arjun is still
a school going boy and he is a sport enthusiast.
Aarti has recently been engaged to Aditya Kaji

Mentors to whom she owes her success

During her career, Kochhar drew on the lessons learnt from ICICIs
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 Kochhars
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.
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 Banks corporate and international
banking business at the time when Indian companies were
Continued
aggressively making a mark on the global mergers and acquisition
landscape.
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.
Kochhars 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 Indias
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.
Profile of ICICI Bank
TYPE PRIVATE BANK

Position Second largest Bank in India
Total Asset Rs 5,367.95 billion (US $ 99 billion) as on 31
st
march,2013

Profit After Tax Rs.83.25 billion (US $ 1,533 million)
Network 3,620 branches and 11,292 ATMs in India and has a presence in 19
countries
Subsidiary in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and
Dubai International Finance Centre and representative offices in United
Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and
Indonesia and their UK subsidiary has established branches in Belgium
and Germany.

Headquarter ICICI Bank Towers,
BandraKurla,Mumbai, India















ICICI Bank(formerly Industrial Credit and Investment Corporation of
India).ICICI Ltd was established in 1955 by the World Bank, the
Government of India and the Indian Industry, for the promotion of
industrial development in India by giving project and corporate
finance to the industries in India. ICICI Bank has grown from
development bank to a financial conglomerate and has become
one of the largest public financial institution in India.ICICI Bank has
financed all major sectors of economy.

Kochhars 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.
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.

For now, as the economy slow down, Kochhar hopes the bank
with its distribution network, funding profile, knowledge and
skill base, will continue growing at 2-3 per cent higher then the
industry average.
The banks substantial branch expansion in the past 24 months is
expected to result in a more favourable deposit mix going forward.
It expects the growth in advance for FY 2014 to be 2-3 per cent
above industry growth which at times looks achievable.
Recently, in a seminar on Financial Services a key driver for
economic growth, she expresses the need to bring growth and
vibrancy in the economy to make India a financial hub. She
insisted that growth and vibrancy in the domestic economy
includes stable levels of fiscal deficit and current account deficit
and bringing inflation under control.
The next set of initiative would be regarding regulation , legal
environment and taxation. It is not only the existence of such
regulatory and legal environment that is important but the
consistency in policy and taxation law is important ,she said.

Hinting at the need of swift government, Kochhar said, getting
small things like Visa or driving license should be made easier as we
in financial sector are dealing with financial regulation and tax
constraints
Awards and Accolades
2014
Named among fortunes 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 fortunes 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


Continued
Recipient of the 4
th
Asian Corporate Director Recognition Awards
2013.
Ranked as the most powerful business women in India in the
Forbes list of The Worlds 100 most powerful women 2013.
Received the Transformation Leader Award by NDTV Profit
Business Leadership Award 2012.
Featured for the third year in a row in the power list 2013 of 25
most powerful women in India by India Today.
Is the only Indian to be featured in the Dow James list of Most
Influential Female Executive in the world of the last decade
Awarded the business person of the year 2012 by Business
India. She is the first woman recipient of this award in 31
years.


2012
Topped the list of 50 Most Powerful Women in Business. by
the fortune India.
Ranked 18
th
in Fortunes List of 2012 Business Person of the year.
This is fortunes annual ranking of 50 global leaders who are the
best in business.
Ranked 59
th
in the worlds 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 CEOs in
the country.

Conferred with CNBC Asias India Business Leader of the year
award and CSR award.
Named the Business Person of the Year by Business India.
Named amongst the 25 most powerful professional women in
the country India today for the second year.
2011
Ranked fifth by Fortune in the international list of 50 Most
Powerful Women in Business.
Ranked 17
th
among the 25 Most Powerful CEOs in Asia by
Fortune.
Ranked 43
rd
Most Powerful Women in the world by Forbes.
Named among the 50 most influential people in global finance
by Bloomberg markets magazine

Named among the two best Indian CEO in an annual poll by
Finance Asia.
Ranked 10
th
by financial times in the Top 50 Women in World
Business.
Received the Global Leadership Award from the VS-India
Business Council.
Named Most Powerful Women in Indian Business by fortune
India.
The first woman to be named as the Business Leader of the
Year by the Economic Times.
Featured in the Hall of Fame Most Powerful Women in Indian
Business by business today.
Conferred with the Transformational Business Leader of the
Year award by all India management association.

Conferred with Padma Bhushan which was given away by
president in a ceremony at Rashtrapati Bhawan.

2010
Ranked 10
th
in the list of Most Powerful Women in
Business by fortune.
Ranked 92
nd
in the list of Most Powerful Women in the
world by forbes.
Conferred with the Outstanding Woman Business Leader
of the Year "award by CNBC TV18
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.

Emolument

Chanda kochhar is an incredible overachiever. At a very young age, she was
appointed the M.D. of ICICI Bank, a gigantic power house with a market cap of
142,230 crore. Since the day, she took charge (01/05/2009), ICICI has gone places ,
giving its shareholders a return of 158%.

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 Rs 5.12 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 kochhars heels. Aditya Puri, the
star M.D. of HDFC Bank came within touching distance with an annual salary of Rs
5 crore.


Shikha sharma, CEO Axis Bank took home Rs. 3.45 crore while wiz-
kid uday kotak, M.D. kotak Mahindra Bank, had to remain content
with a salary of Rs. 2.19 crore
In terms of shareholders return, Chanda Kochhars ICICI Bank came
second with a 51% YOY return while Shikha Sharmas AXIS Bank
came third with a 47% YOY return. For the fourth place, Aditya
Puris HDFC Bank was tied with a 42% YOY return.

Conclusion
Chanda Kochhars 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.
.


Looking at the designation changes in Kochhars career , it become
clear that she had to manage different team at different times and
also in quick succession. Being manager of so many companies
alone, and patting all of them at the apex in their respective fields
also shows her ability to manage parallel work functions.

Finally one can admire Chanda Kochhar for the fact that she has not
inherited success. She has gone through all the phases of struggle
before even leading a single team.

For her, many a times excelling at work meant giving up on her
personal priorities. There were so many occasions when I wasn't
around for my kids or my husband. But we learnt to work around
it. said kochhar. In many ways her children have motivated too.


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