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Three Indian businesswomen in Fortune list
By agencies
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Tuesday, 08 November 2005, 20:30 IST
NEW DELHI: Three Indian businesswomens have made it to the Fortune magazine's list of 50 WorldÂ’s most powerful women in international business.
52-year-old Kiran Mazumdar Shaw, Chairman and Managing Director, Biocon was ranked 44 in the list. ICICI Bank Executive Director Chanda Kochhar, 43, has been ranked 47.
The third Indian women in the list is Vidya Chhabria, Chairman of the Jumbo Group, has slipped to 49 from the last year's high of 38.
Speaking about Mazumdar, the magazine said, “Having founded Biocon in a garage in 1978, she’s now worth about $440 million and is working on the world’s first oral insulin for diabetes patients.”
About Kochhar, the magazine said “Three out of the five executive board members are women and 11 more head businesses. Kocchar, who runs the $1.3 billion retail banking business, has increased the bank's customer base from two million to 14 million in four years, replacing Citibank as the market leader in credit cards.