Rising Female Leadership: More Women Executives Join Million-Dollar Club in India
India Inc elevates more she-suite execs into mn-$ club
The Times Of India
Image: The Times Of India
Nine women executives in India have joined the million-dollar compensation club, reflecting a growing trend in domestic companies prioritizing diversity. This increase from seven two years ago highlights a structural shift in corporate leadership, particularly in the pharmaceuticals and consumer sectors.
- 01The number of female C-suite executives earning over $1 million has increased from seven to nine in the last two years.
- 02Most of these women leaders are from domestic companies, particularly in the pharmaceuticals and consumer sectors.
- 03Nilima Prasad Divi of Divi's Labs is the highest-paid female executive, followed by Hina Nagarajan of United Spirits and Vinita Gupta of Lupin.
- 04Kiran Mazumdar-Shaw of Biocon notes that domestic firms are increasingly performance-driven in recognizing women leaders.
- 05Financial services and consumer sectors have the strongest representation of top-paid women CXOs, reflecting better pathways for women into leadership roles.
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In a notable trend, the number of female executives in India earning over $1 million has risen to nine, up from seven two years ago, as domestic companies prioritize diversity and professional talent. This analysis by EMA Partners indicates that most of these women leaders are from domestic firms, with significant representation in the pharmaceuticals and consumer sectors. Notably, Nilima Prasad Divi of Divi's Labs is the top-paid female executive, followed by Hina Nagarajan of United Spirits and Vinita Gupta of Lupin. Kiran Mazumdar-Shaw, executive chairperson of Biocon, highlights that domestic companies are increasingly competing for leadership talent at international standards, fostering a more performance-driven culture in recognizing women leaders. Financial services and consumer sectors have emerged as the strongest areas for female leadership, reflecting a structural shift in corporate India's approach to diversity and merit-driven leadership.
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The rise in female leadership compensation reflects a broader cultural shift in corporate India, promoting diversity and meritocracy.
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