Arundhati Bhattacharya

Arundhati Bhattacharya is a retired Indian banker and former Chairperson of the State Bank of India.[1] She is the first woman to be the Chairperson of State Bank of India . In 2016, she was listed as the 25th most powerful woman in the world by Forbes.[2] She is the only Indian corporate leader listed on Fortune's world's greatest leaders list ranked at 26.

Arundhati Bhattacharya
24th Chairperson of State Bank of India
In office
7 October 2013 – 6 October 2017
Preceded byPratip Chaudhuri
Succeeded byRajnish Kumar
Personal details
Born (1956-03-18) 18 March 1956
Kolkata, West Bengal, India
NationalityIndian
Spouse(s)Pritimoy Bhattacharya
ResidenceMumbai, India[1]
Alma materUniversity of Calcutta
Jadavpur University[1]
Lady Brabourne College, Kolkata

In 2018, her interview titled "Arundhati Bhattacharya: The Making of SBI’s First Woman Chairperson" was published on Harvard Business Review Ascend[3]

Personal life

Bhattacharya was born in a Bengali family in the city of Kolkata. She spent her childhood in Bokaro Steel City. Her father, Prodyut Kumar Mukherjee worked at Bokaro Steel Plant. Her mother, Kalyani Mukherjee was a homeopathy consultant in Bokaro. She completed her schooling from St. Xavier's School, Bokaro[4]

She studied English literature at Calcutta's Lady Brabourne College and then at Jadavpur University. Her husband, Pritimoy Bhattacharya,[5] is an ex-professor of IIT Kharagpur.

Career

Bhattacharya joined SBI in September 1977. She is the first woman to lead an India-based Fortune India 500 company. Initially, she joined SBI in 1977 as a Probationary Officer at the age of 22 years.[6] She has held several positions during her 36-year career with the bank including working in foreign exchange, treasury, retail operations, human resources and investment banking. This included positions like the chief executive of the bank's merchant banking arm- State Bank of India Capital Markets; chief general manager in charge of new projects. She has also served at the bank's New York office. She has been involved with the launch of several new businesses such as SBI General Insurance, SBI Custodial Services, SBI Pension Funds Pvt. Ltd. and the SBI Macquarie Infrastructure Fund.[6] She succeeded Pratip Chaudhuri, as Chairman, who retired 30 Sep. 2013[7] She introduced a two-year sabbatical leave policy for the bank's female employees to use either for maternity or elder care. On Women's day, she announced free vaccination against cervical cancer to all the bank's female employees.

In 2016, she was named the 25th most powerful woman in the world by Forbes, which was her first time being ranked on the list.[2] In the same year, she was ranked among the FP Top 100 Global Thinkers by Foreign Policy magazine[8] She was named the 4th most powerful woman in Asia Pacific by Fortune.[9] In 2017, India Today magazine ranked her at 19th in India's 50 Most powerful people of 2017 list.[10]

She was due for retirement in October 2016, but was granted an extension till October 2017, allegedly for the controversial merger of the SBI's five associate banks and Bharatiya Mahila Bank, in the wake of gross non-performing assets (GNPAs) mounting to 73 percent; the present government justifying the move through Banks Board Bureau, who consolidated her extension.[11]

In 2018 she was named Business Leader of the Year at The Asian Awards.[12] Arundhati Bhattacharya has joined as additional director, 'independent director' of Reliance Industries for five years commencing 17 October 2018.

In 2020 she was hired as the chairperson and chief executive for the India division of Salesforce, the global giant in CRM.[13][14][15] She is also currently chairperson of SWIFT India, part of a global payments network.[16]

Bhattacharya rendered her resignation as an independent director of CRISIL (a global analytical company providing ratings, research, and risk and policy advisory services) effective 15 April.[17]

She cited her joining Salesforce India as chairperson and CEO effective 20 April as the reason for the resignation. Bhattacharya would report to Ulrik Nehammer, General Manager APAC.[18]

Currently she is working as Non-Executive Director with Reliance Industries limited.

References
  1. "Arundhati Bhattacharya". Forbes
  2. "The World's 100 Most Powerful Women". Forbes. Forbes. Archived from the original on 1 November 2016. Retrieved 7 June 2016.
  3. "Arundhati Bhattacharya: The Making of SBI's First Woman Chairperson". hbrascend.
  4. "All you need to know about Arundhati Bhattacharya, SBIs first woman chief". FirstPost.
  5. "Steady climb to the top". telegraphindia.
  6. Mayur Shetty (8 October 2013). "SBI gets its first woman chair in 206 years". The Times of India. Retrieved 14 October 2013.
  7. "Arundhati Bhattacharya is new chief of SBI".
  8. "Narendra Modi named top decision maker, BJP's Amit Shah, SBI's Arundhati Bhattacharya too in 'Global Thinkers' list". Archived from the original on 4 March 2016. Retrieved 15 January 2015.
  9. "Fortune's List of Most Powerful Women in Asia-Pacific Has 8 Indians".
  10. "India's 50 powerful people". India Today. 14 April 2017.
  11. Arundhati Bhattacharya term as SBI Chairman extended till October 2017
  12. "Asian Awards 2018: Recognition with Lots of Glitz and Glamour". Desiblitz. 29 April 2018.
  13. Upneet Singh (18 March 2020). "Salesforce appoints former State Bank of India chair Arundhati Bhattacharya as India CEO". The Tech Portal. Retrieved 18 March 2020.
  14. John, Sujit; Phadnis, Shilpa (17 March 2020). "Salesforce India CEO: Former SBI chairperson Arundhati Bhattacharya to be CEO of Salesforce India". The Times of India. Retrieved 18 March 2020.
  15. "Salesforce hires former banker Arundhati Bhattacharya as India CEO - source". Reuters. 17 March 2020. Retrieved 18 March 2020.
  16. "Salesforce hires former SBI boss Arundhati Bhattacharya as India CEO". Moneycontrol. Retrieved 18 March 2020.
  17. "Ex-SBI chief Arundhati Bhattacharya resigns from CRISIL board". Moneycontrol.com. Retrieved 19 March 2020.
  18. "Salesforce hires Arundhati Bhattacharya as India Chairman, CEO". Retrieved 19 March 2020.
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