8 Indian CEOs have made it to Harvard Business Review's (HBR) list of 100 best performing global chief executives.
Y.C. Deveshwar, ITC chairman is ranked 7th overall. Under his leadership, ITC saw its value increase by $45 billion.
He is followed by former ONGC's late chairman and managing director Subir Raha who is ranked 13th. During Raha's May 2001-2006 tenure, ONGC's market capitalization increased more than 10 times.
Reliance Industries chairman Mukesh Ambani is ranked 28. Under his leadership, Reliance Industries has grown to become India's second-largest Indian company by turnover.
Larsen & Toubro Chairman and Managing Director A M Naik has been ranked 32 in this list. Under Naik's leadership, the company has expanded its horizons beyond domestic frontiers, positioning itself to become a true international player.
Former Bharat Heavy Electricals CMD A K Puri is at 38th position and is fifth among the Indians. He is followed by Bharti Airtel chairman, Sunil Bharti Mittal who is at 65th position in the list.
Naveen Jindal, CEO of Jindal Steel & Power is ranked 87. V S Jain, Former SAIL chairman is at 89th position.
On an average, these CEOs have delivered a total shareholder return of 1,385 per cent during their tenures and increased their firms' market value by $40.2 billion (adjusted for inflation, dividends, share repurchases, and share issues).
Late Steve Jobs of Apple has topped the list again. Jobs has been the best-performing CEO over the past 17 years was number 1 on HBR 2010 list as well. From 1997 to 2011, Apple's market value increased by $359 billion, and its shareholder return experienced average compound annual growth of 35 percent.
Jeff Bezos of Amazon.com has now climbed to the number 2 spot, up from number 7 in HBR list. Under his leadership, the company delivered industry-adjusted shareholder returns of 12,266 percent and saw its value increase by $111 billion.
The highest-ranked woman on the list is Meg Whitman, currently the CEO of beleaguered HP, whose performance as the CEO of eBay from 1998 to 2008 earned her the number 9 spot.
(with inputs from IANS)
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