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July 12, 2020

Indiaspora Business Leaders List recognizes Executives of Indian Heritage who lead Global Corporations.

- Indian diaspora leaders reach the pinnacle of corporate success in higher numbers than ever before, with many using their platforms to advocate for social change.

India, Corporations

San Francisco, CA | Washington, DC. July 11, 2020 — Indiaspora, a nonprofit organization of global Indian diaspora leaders from various backgrounds and professions, released today their inaugural list, honoring executives of the Indian diaspora leading the most significant global corporations in 2020.

Drawing from the latest editions of Fortune and Forbes U.S. and global lists, the Indiaspora Business Leaders List includes more than 50 executives who are serving at the helm of their respective company in the role of Chief Executive Officer, President, or Chairman of the Board.

The list includes immigrants from India as well as professionals born in countries such as Uganda, Ethiopia, England, and the U.S. The companies that the executives lead have headquarters in ten different countries, including the U.S., Canada, England, and Singapore.

“This inaugural list shares so many shining examples of the quintessential immigrant story,” said Indiaspora Board member Rajan Navani, Vice Chairman and Managing Director of Jetline Group of Companies. “Hardworking, enterprising, and innovative, these executives have achieved the highest success in their fields, often drawing on their Indian heritage to help guide and ground them along the way. No doubt they will inspire generations to come.”

Companies on the Indiaspora Business Leaders List collectively employ more than 3.6 million worldwide and account for a combined USD 1 trillion in revenue and USD 4 trillion in market capitalization.

The companies’ collective shares also outperformed the stock market, averaging 21 percent returns during the leaders’ tenures on the list, compared to the S&P 500, which offered 9 percent returns during the same time frame.

“It is gratifying to see the growing impact of individuals from the Indian community on business on a global scale,” said Indiaspora Board Member Arun Kumar, Chairman, and CEO at KPMG India. He also served as Assistant Secretary of Commerce in the Obama administration. “I have had the opportunity to work with several of the individuals on our 2020 Business Leaders List in a professional and personal capacity and can attest to their dynamism as leaders not only of their companies but also for the larger diaspora community. Besides, many of them bring a remarkable sensitivity to issues relating to social change.”

The 2020 Indiaspora Business Leaders List represents 56 executives and 57 companies, as Raj Gupta, an Indiaspora member, serves as Chairman of two companies on the list, Aptiv, and Avantor.

“I’m amazed to see how far we’ve come in terms of representation in business. There used to be only a handful of us leading corporations,” said Raj Gupta, former CEO of Fortune 300 company Rohm and Haas. He is one of the first executives of the Indian diaspora to join the ranks of corporate leadership along with pioneers such as Indra Nooyi of PepsiCo and Dinesh Paliwal of Harman International. “Now that we are reaching prominence, I am eager to see how the next generation leaves its legacy.”

Several executives on the list have led their companies in advancing social change by addressing racial injustice, climate and sustainability justice, and the disproportionate effects of COVID-19 through policy and financial commitments.

Tech industry leader Sundar Pichai, CEO of Alphabet/Google, has announced new goals for racial equity, including improving leadership representation of underrepresented groups at Google, and an “economic opportunity package” for the Black community. Ivan Menezes, CEO of British multinational beverage alcohol company Diageo, also led his company in creating a $20 million social justice fund in America.

Several leaders’ companies have created or contributed to funds in response to COVID-19. Sunny Verghese’s Singapore-based agribusiness and supply chain company Olam International donated COVID-19 testing kits to Ghana’s government. Francis deSouza, head of gene analysis company Illumina, is developing a novel coronavirus test using sequencing technology.

“It’s inspiring to see so many leaders of Indian heritage playing a significant role in business and society,” said Ajay Banga, President and CEO of Mastercard. “Our culture and values are a common starting point (any chance we can get a bit more color here?). But it’s what we do with the opportunities presented to us that make a difference. When we lean into our diverse experiences to deal with challenges like the pandemic or racial injustice, we can have an even greater impact on the lives of those around us.”

The Indiaspora Business Leaders List also calls attention to the presence of a glass ceiling in which women, including Indian women, still face. Out of 1,000 companies represented on the Fortune 500 list, only 61 have women CEOs; the Indiaspora List has a marginally higher percentage of women, yet only accounts for five women out of more than 50 leaders.

Indiaspora has identified its honorees from these lists: Fortune 500 (which features 1,000 companies), Forbes Global 2000, Fortune Global 500, and the Forbes Largest Private U.S. Companies.

2020 Indiaspora Business Leaders List (Top 30)

Name — Company — Title

  1. Sundar Pichai — Alphabet/Google — Chief Executive Officer
  2. Satya Nadella —Microsoft — Chief Executive Officer
  3. Arvind Krishna — IBM — Chief Executive Officer
  4. Lakshmi Mittal — ArcelorMittal — CEO, Chairman
  5. Raj Subramaniam — FedEx — President, CEO
  6. Vivek Sankaran — Albertsons — President, CEO
  7. Vasant Narasimhan — Novartis — Chief Executive Officer
  8. Punit Renjen — Deloitte — Global Chief Executive Officer
  9. Bharat Masrani — TD Bank — CEO, Group President
  10. Mike Mohan — Best Buy — President
  11. Bob Patel — Lyondell Basell Industries — Chief Executive Officer
  12. Rajeev Suri — Nokia — Chief Executive Officer
  13. Revathi Advaithi — Flex — Chief Executive Officer
  14. Sunny Verghese — Olam International Group — Chief Executive Officer
  15. Prem Watsa — Fairfax Financial — Chief Executive Officer
  16. Sanjay Mehrotra — Micron Technology — CEO, President
  17. Saum Sutaria — Tenet Healthcare — President, CEO
  18. Ajay Banga — Mastercard — CEO, Chairman-elect, President
  19. Ivan Menezes — Diageo — Chief Executive Officer
  20. Laxman Narasimhan — Reckitt Benckiser Group — Chief Executive Officer
  21. Sonia Syngal — Gap Inc. — Chief Executive Officer
  22. Siva Sivaram — Western Digital — President
  23. Kevin Lobo — Stryker — Chief Executive Officer
  24. Piyush Gupta — DBS Group — Chief Executive Officer
  25. Raj Gupta — Aptiv/Avantor — Chairman of the Board
  26. Bob Pragada — Jacobs Engineering — Co-President, CEO
  27. Shantanu Narayen — Adobe — Chairman, CEO, & President
  28. Rajiv Malik — Mylan — President
  29. Aloke Lohia — Indorama Ventures Group — Chief Executive Officer
  30. Niraj Shah — Wayfair — Co-Chairman, President & CEO

Indiaspora is a nonprofit organization established to transform the Indian diaspora’s success into a meaningful impact worldwide. The members form a robust network of global leaders who serve as a platform to build healthier communities with a culture of giving and inspiring social change.

Source: Indiaspora

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Edited & Posted by the Editor | 3:31 AM | Link to this Post

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