Chanda Kochhar is a superstar in the Indian business world. Since taking the helm of ICICI Bank in May 2009, Kochhar has been credited with turning around India's largest private bank, transforming it into a retail banking powerhouse. She now oversees a financial firm with assets of $100 billion and counts as one of most powerful women in business, both in India and on the global front.1
It is often assumed that Kochhar and other highly successful Indian women who are making their mark on the global stage—women like Indra Nooyi of PepsiCo, Inc., Sara Mathew of Dun & Bradstreet, and Kiran Mazumdar-Shaw of Biocon—are isolated exceptions. Many Westerners continue to view India as tradition-bound and poverty-ridden, a place where women are ...