The Most Powerful Women in Indian Business
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Ms. Vinita Bali, B.A. (Economics), MBA has been the Chief Executive Officer of Britannia Industries Limited since January 3, 2005 and has been its Managing Director since May 31, 2006. Ms. Bali served as a Manager of Britannia Industries Ltd. since January 24, 2005. She served as the Managing Principal Officer of Zyman Group, USA. She has worked over 16 years overseas in a variety of marketing, sales and general management positions with eminent multinationals. She has a rich and diverse experience in packaged foods and beverages gained from working with Cadbury Schweppes and The Coca-Cola Company in several continents in a variety of marketing, sales and general management positions. She also blends a high quality of Indian and International perspective having lived and worked in the UK, Nigeria, South Africa, USA and Chile. Since 1994, Ms. Bali held a number of senior positions in marketing and general management at The Coca-Cola Company in the USA and Latin America, served as Head of Corporate Strategy since 2001, and then joined the Zyman Group as the Head of its Business Strategy practice in the USA. She has been an Additional Director of The Bombay Dyeing and Manufacturing Company Limited since April 30, 2009. She has been a Non-Executive & Non-Independent Director of The Bombay Burmah Trading Corp. Ltd. since April 28, 2010. She has been a Director of Britannia Industries Ltd., since August 2006. She has been Non Executive Director of Syngenta AG since April 2012 and Independent & Non-Executive Director of Piramal Glass Ltd. since July 26, 2007. She has been a Non Executive Non Independent Director of Titan Industries Limited since October 18, 2006. She has been a Non Executive Director of Syngenta Crop Protection, Inc. since 2012 and Non-Executive Director of CRISIL Limited since February 14, 2014. since February 14, 2014. Ms. Bali served as an Independent Director of Mphasis Ltd. from March 30, 2007 to July 15, 2010. She is a member of the Global Diversity and Advisory Council of Novartis International. Ms. Bali holds an B.A. degree in Economics from Delhi University and an MBA from Jamnalal Bajaj Institute of Management Studies of Bombay University. She has a postgraduate studies in Business and Economics from Michigan State University.
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Ms. Renuka Ramnath founded Multiples Alternate Asset Management Private Limited in 2009 and serves as its Managing Director and Chief Executive Officer. Ms. Ramnath has a deep experience of raising, investing and returning third party capital across several economic cycles. She has spent over two and half decades in the Indian financial sector across private equity, investment banking and structured finance. As one of the early private equity investors in India, she played a pivotal role in shaping the market both in terms of leading pioneering investments such as buy-outs as well as opening new pockets of capital for investment in Indian private equity. She served as the Managing Director and Chief Executive Officer at ICICI Venture Funds Management Company Limited since 2001 and served as its Head and Chief Executive Officer and Managing Director of ICICI Ventures and ICICI Prudential Life Insurance Company Ltd. until April 2009. She has contributed in many ways to the evolution of that firm to one of the largest private equity funds in India. She had been with the ICICI Group for 14 years, having joined in 1986, working in diverse functions including Investment banking, M&A, Corporate Finance, Primary Markets, Syndication deals and Structured Products. Ms. Ramnath set up the E-commerce Group at ICICI and was responsible for building successful businesses such as ICICI e-Payments, BillJunction, and Traveljini. She also set up the Structured Products Group in ICICI and was instrumental in effecting landmark transactions like the oil pool securitization for Panna-Mukta Fields wherein cash flows from oil were segregated based on risk. During her career spanning over 21 years with the ICICI Group, she has spearheaded various business initiatives. Ms. Ramnath began her career at the Merchant Banking Division of ICICI and then headed the corporate finance and equities businesses at ICICI Securities. She thrived on change and growth and has successfully managed businesses in varying environments. Ms. Ramnath served as the Chairperson of Infomedia Press Limited (formerly, Infomedia 18 Ltd., Tata Infomedia Ltd.) until August 21, 2008. She serves as a Non Executive and Non Independent Director of Cineline India Limited. She serves as a Non Executive Director at Indian Energy Exchange Limited. She has been a Director at Arvind Limited since October 28, 2010. She served as a Director at ICICI Venture Funds Management Co. Ltd., since February 20, 2001. She has been a Director of PVR Limited since January 30, 2013. She has been a Director of Cinemax India Limited since January 30, 2013. She has been Director of Air India Limited since May 2013. Ms. Ramnath served as a Director of Welspun India Ltd. until August 2007 and an Independent Director of Samtel Color Ltd. from October 9, 2004 to April 2007. She served as a Director of Infomedia 18 Ltd., until August 21, 2008. Ms. Ramnath served as an Additional Director of Geometric Ltd. (formerly Geometric Software Solutions Co., Ltd.) from January 15, 2007 to January 13, 2009 and previously served as its Director since February 20, 2001. She served as a Director of Va Tech Wabag Ltd until April 20, 2009. She served as a Director at Cineline India Limited. She served as a Director of Value Industries Ltd. (formerly Videocon Appliances Ltd.). Ms. Ramnath has featured in many prestigious lists, including the Top 25 Most Powerful Women in Indian Business (Business Today) and in the India's Most Powerful CEOs (Economic Times). Ms. Ramnath holds an M.B.A. in Finance from University of Mumbai, a Bachelor of Engineering in Textile Engineering from Veermata Jijabai Technological Institute in 1982, and also completed the Advanced Management Program at Harvard Business School.
Renu Sud Karnad:
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Mrs. Renu Sud Karnad has been the Managing Director of Housing Development Finance Corporation Limited since January 1, 2010. Mrs. Karnad is responsible for strategy, budget, product development and distribution for the all-India lending operations and is part of the senior management team of Housing Development Finance Corp. She is involved in policy planning with regard to housing industry in India and serves as a Joint Managing Director at Home Loan Services India
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