chanda kochhar
DESCRIPTION
Successful LeaderTRANSCRIPT
ENTREPRENUERSHIPCHANDA KOCHHAR
ENTREPRENUERSHIP
TEAM WORK BY :
DAKSHA DIXIT PG-11-072
RUCHI MODI PG-11-094
SUMAIYA PATEL PG-11-099
NRUPA RANADIVE PG-11-103
Chanda Kochhar :
Inspiration for women
A Women Who needs no Introduction
KOCHHAR’S VIEW ON PRIVILEGES FOR
WOMEN• Chanda Kochhar is an eminent leader and a
woman with strong will power and quick and apt decision making capabilities
• She is an icon of inspiration for many female executives.
• Inspite of being a great woman, Kochhar does not believe in special privileges for woman. She feels that woman need reservation on the ground of social justice in some areas and corporate India is not one of them.
KOCHHAR’S VIEW ON PRIVILEGES FOR
WOMEN• If women want to be treated as equals at the
workplace, they should not be asserting their womanhood, says Ms. Kochhar. Avoid saying things like, “I have to go home at 5 o’ clock because I am a woman.” Or “I will not travel because I am a woman,” says Ms. Kochhar. “Whether you are a man or a woman, you need to put in the hard work,” says Ms. Kochhar. On juggling between a hectic work schedule and family life, Ms. Kochhar says that women need to put in much more effort than men, so they should continue working only if they don’t consider it a burden.
OVERVIEW
• She was born in November 17 ,1961 in Jodhpur, Rajasthan in India
• At present working as a CEO and MD of ICICI Bank.
• She has a Son & a Daughter.• She has completed her graduation with Bachelor
of Art degree ,in 1982 from Jai Hind College, Mumbai
OVERVIEW
• Then pursued her MBA and Cost Accountancy (ICWAI) From Jamnalal Bajaj Institute of Management Studies ,Mumbai.
• She has received the Wockhardt Gold Medal For Excellence in management studies.
• She also received J N Bose Gold Medal in cost accountancy in the same year.
CAREER
• In 1984 ,Chanda Kochhar joined “The Industrial Credit & Investment Corporation Of India Ltd.”(ICICI) as a Management trainee after her masters.
• In her early years in ICICI ,she handled project Appraisal & Monitoring & projects in various industries like petrochemicals, textiles, paper & cement.
CAREER
• In 1993, Kochhar was sent to ICICI bank as part of a core team to set the bank.
• She was promoted to Assistant General Manager in 1994.
• In 1996 Deputy to General Manager.• And,headed the newly formed the Infrastructure
Industry group of ICICI, which aimed “to create dedicated industry expertise in the areas of Power,Telecom and Transportation.
CAREER
• In 1998, she was promoted as the General Manager and headed ICICI’s “ Major Client Group”, which handled relationship with ICICI’s top 200 clients.
• In 1999,she also handled the Strategy and E-Commerce divisions of ICICI.
• Due to which ICICI Bank started the retail business in July 2000 and emerged the largest retail financer in India,in the next five
years.
CAREER
• From October 2007 to April 2009, Kochhar was also the bank’s CFO, Joint Managing Director (JMD) and the official spokesperson. In 1999,she also handled the Strategy and E-Commerce divisions of ICICI.
• Kochhar is CEO and MD of ICICI Bank from May 2009 for a period of five years. She succeeds KV Kamath, who was CEO of the bank since 1996.
HONOURS AND AWARDS
• Kochhar was awarded Retail Banker of the year 2004 (Asia-Pacific Region) by the Asian Banker.
• Business Woman of the Year 2005 by The Economic Times.
• Rising Star Award for Global Awards 2006 by Retail Banker International.
• Kochhar has also consistently figured in Fortune’s List of Most Powerful Women
in Business since 2005.
ICICI UNDER WINGS OF CHANDA KOCHHAR
• Chanda Kochhar is the first woman to run ICICI Bank, oversees assets of $93 billion, over2,750 branches in India and presence in 19 countries.
• ICICI reported a 31% year-over-year increase in profits in the fourth quarter of fiscal 2012.
• She was a part of the core team when ICICI decided to set. In 2000, when the organisation decided to develop,she decided to keep the bank open for 12 hours in a day when others were open for 4 to 7 hours a day.
Cont..
• She was also one of the bankers who came up with electronic banking and installed 2000 ATM machines all over India.
• Under Kochhar's leadership, ICICI was awarded the 'Best Retail Bank in India' in 2001, 2003, 2004 and 2005. In 2002, the bank was given the 'Excellence in Retail Banking Award'.
• In India's male dominated banking sphere, Chanda Kochhar carved a niche for herself.
• In her career which extends to over three decades of experience, she remained strong willed and alert.
• Her determination to make it to the top only grew from year to year.
• She never stuttered in her growth and was one of the few who kept up with the aggressive development run of
the ICICI Bank.
Reasons to choose Chanda Kochhar as a topic
• Fortune names Chanda Kochhar as most-powerful Indian woman in business for the second consecutive year by Fortune Magazine in 2012.
• Chanda Kochhar is one amongst the two women who is the head of an Indian domestic bank. She is an inspiration to women all over the world.
Reasons to choose Chanda Kochhar as a topic
• Ms Kochhar has strong belief in some values and has been following these throughout her life and career.
• In an interview with The Economic Times in 2011, Ms Kochhar said, “Look ahead to spot opportunities; understand the challenges that come with them; set clear objectives; lay out how to work towards them; and then execute with focus. I do not see money as a definition of success, but only as a by-product of success. Beyond a base level of financial security, the prime motivator for one is the extent to which you can have a positive influence and make a
larger impact through your work.”
KEY BELEIFS
• ICICI Bank introduces i-safe, an additional security feature for your corporate internet banking account.
• Safe Banking: ICICI Bank will never send you e-mails asking for confidential details of your account/ PIN/ Password or personal parameters such as date of birth, mother's maiden name etc.
• While it is their constant endeavour to provide you with the best of online services & facilities.
UNIQUENESS OF THE BUSINESS
• ICICI Bank introduces ELITE IVY.• Club Elite Ivy is an exclusive relationship program
designed around the needs of special Current Account clients.
• With special privileges and priority access to their services, Club Elite Ivy makes for an enhanced Business Banking experience that is as effortless as it is exclusive.
• Its online tax payment services are fastest, easy and secure.
UNIQUENESS OF THE BUSINESS
• Kochhar's career growth can be traced along with the expansion of the bank over the past several years.
• It was her sharp strategic planning which made the ICICI bank the 'Best Retail Bank in India' for five consecutive years.
Entrepreneurial Skills
• As per Forbes, she has been ranked 20th amongst the most powerful women in business and in the world.
• Persistent efforts and long innings across various divisions of the bank, strategic agility and emotional balance helped her to redefine and manage change effectively at the bank at various stages.
Entrepreneurial Skills
• During her tenure, the bank itself grew, diversified and evolved into banking giant
• The bank provided her a great platform for learning on a continuous basis and excelling in career.
• This shows her consistency, openness to learning, ability to achieve any task.
• She lead by converting every challenge in to an opportunity
Entrepreneurial Skills
• She proved herself as a leader by heading all the groups successfully since two decades.
• Her exposure in banking, hard work and sheer experience gained her and edge as compared to other contenders in the Bank and made her journey from trainee to CEO.
Entrepreneurial Skills
• Immediate task of Kochhar was to give focus and direction to the bank.
• She implemented a simple four C’s strategy – Capital conservation, – Cost efficiency, – CASA (current accounts and savings accounts)
and – Credit quality.
Entrepreneurial Skills
“As a leader, I think you need to be adaptable, so you can quickly understand and move forward in new business situations.”
- Chanda Kochhar
Entrepreneurial Skills
“I have to make sure as we grow and become more successful that we don’t become complacent. We have to continue to innovate in order to keep ahead of others in the race.”
- Chanda Kochhar
Entrepreneurial Skills
“While many women have moved forward in ICICI, they have done so because they have worked as hard and as many long hours as men have. That’s the way going forward.”
- Chanda Kochhar
Entrepreneurial Skills
THANK YOU