Eight Indians have made it the 100 Best Performing Global Chief Executives of the Harvard Business Review.
ITC Chairman Y C Deveshwar, ranked seventh overall, was the first among the Indian CEOs. Under his leadership, the value of the Company increased by US$45 billion.
He was followed by former the late Subir Raha (Rank 13), Chairman and Managing Director of Oil and Natural Gas Commission. During his five-year tenure (May 2001 to 2006), ONGC’s market capitalisation increased more than ten times.
Reliance Industries Chairman Mukesh Ambani (Rank 28) was the third among Indians. Under his leadership, Reliance Industries has grown to become India’s second-largest Indian company by turnover.
Larsen & Toubro Chairman and Managing Director A M Naik (Rank 32) came next.
Under his leadership, the Company has expanded its horizons beyond domestic frontiers, positioning itself to become a true international player.
Former Bharat Heavy Electricals Chairman & Managing Director A K Puri (Rank 38) was fifth among Indians, followed by Bharti Airtel Chairman, Sunil Bharti Mittal (Rank 65).
Jindal Steel & Power Chief Executive Naveen Jindal (Rank 87) was ranked seventh among Indians. He was followed by Former Steel Authority of India Limited (SAIL) Chairman V S Jain (Rank 89).
On an average, these Chief Executives have delivered total shareholder return of 1,385% during their tenures and increased the market value of their companies by US$40.2 billion (adjusted for inflation, dividends, share repurchases, and share issues).
The late Steve Jobs of Apple headed the HBR List for 17 years. Under his Chairmanship, the market value of the Company increased by US$359 billion from 1997 to 2011, The Company’s shareholder return experienced average compound annual growth of 35% during this period.
Jeff Bezos of Amazon.com has now climbed to the number 2 spot, up from number 7 in HBR 2010 list. Under his leadership, the Company delivered industry-adjusted shareholder returns of 12,266% and saw its value increase by US$111 billion.
The highest-ranked woman on the List is Meg Whitman, whose performance as the Chief Executive of eBay from 1998 to 2008 earned her the number 9 spot. She is currently Chief Executive of the beleaguered Hewlett Packard.
India Abroad News Service