Mar 7, 2023
By: bhakti.makwana@timesinternet.in
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While Asian countries are witnessing an increase in women employees at the management level, data suggests that greater gender diversity in management brings additional alpha, as per Bank of America Global Research.
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The report also suggests that companies with a higher proportion of women in management outperformed those with a lower proportion by 26 percent over a five-year period on average while also outperforming benchmark index by 4 percent over the same period. They also have higher ROE, more attractive ESG rankings, and enjoy lower cost of capital.
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Here is a list of 26 companies among Nifty500 where women hold a top position in a company, as per data by Primedatabase
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These are the top three companies as per market capitalisation with women managing directors -- Renu Sud Karnad, Mini Ipe and Vibha Padalkar respectively.
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The next in line is Suneeta Reddy, MD of the hospital chain, Hina Ravin Nagarajan, MD of the beverage company and Rajni Hasija, MD and chairman of the railway company.
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Arumugam Manimekhalai is the MD of the public sector bank, Prabha Narasimhan, MD of the American FMCG player and Falguni Nayar, founder and CEO of e-commerce beauty platform.
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Shelly Verma is the chairman, MD of the funding arm of Indian Railways, Vinita Gupta, CEO of the pharmaceutical company and Farah Malik Bhanji, MD of the footwear retail company.
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Arathi Krishna, MD of the auto parts and engineering company, Vinati Saraf Mutreja, MD of the chemical manufacturing company and Neerja Kapur, MD of the insurance company.
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Pavitra Shankar, MD of the real estate company, Smita Jatia, MD of the McDonald's franchisee and Bina Modi, mother of Lalit Modi and MD of the tobacco company.
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Suchita Jain, joint MD of the textile manufacturer, Deepshikha Khaitan, joint MD of the tiles maker and Vinita Singhania, MD of the cement maker.
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Jyothy Ramachandran, MD of the soap and other detergent manufacturing company, Ameera Shah, MD of the diagnostic chain and Dipali Balkrishnan Goenka, joint MD of the textile company.
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Vartika Shukla, chairperson and MD of the textile manufacturer and Aditi Kare Panandikar, MD of the pharmaceutical company.
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