Chanda Kochhar Net Worth, Early Life, Education, CEO/MD, International Membership, Honors and Personal Life

Managing Director and Chief Executive Officer of ICICI Bank, Chanda Kochhar net worth increased as she played a significant role in shaping retail banking in India.

Synopsis

Born in 1961, Chanda Kochhar is an Indian banker and executive who earned reputation for her excellent role in influencing retail banking in the country. After joining ICICI as a management trainee, Kochhar handled projects and evaluated projects. As a result, Chanda Kochhar net worth rose as she became one of the core members of ICICI team. With her diligence, she became the managing director and the CEO of the bank. She is serving in this position since 2009.

Early Life and Background

Chanda Kochhar was born on November 17 1961 in Jodhpur, Rajasthan; however, she grew up in Jaipur. She went to St. Angela Sophia School in Jaipur. Later, she left for Mumbai where she attended Jai Hind College. She earned her bachelor’s degree in 1982 and then studied cost accountancy.  For the excellence in Cost Accountancy, she earned the J.N. Bose Gold Medal.

Kochhar has a master’s degree from Jamnalal Bajaj Institute of Management Studies in management studies. Chanda Kochhar net worth rose as she demonstrated her excellence in Management Studies. As a result, she received the Wockhardt Gold Medal for Excellence.

Professional Career Highlights

Chanda Kochhar professional career began as she joined the Industrial Credit and Investment Corporation of India (ICICI) in 1984. She joined ICICI Bank as a management trainee. As a trainee, she handled project appraisal and monitored-evaluated industrial projects.

Soon, Chanda Kochhar net worth rose as she became a valuable employee of the Bank.  As a result, Kochhar became one of the core team members of the bank in 1993. Her assignments included setting up the bank. The following year, she gained promotion as assistant general manager. Her excellent performance did not take long to impress the people at bank. Consequently, Chanda Kochhar net worth hiked as she became general manager in 1996.

As a general manager of ICICI, Kochhar headed newly formed infrastructure industry group of ICICI Bank. This group focused on creating dedicated industry expertise in the areas of power, telecommunication and transportation. After working for a couple of years in the position, she earned promotion and became the General Manager who headed ICICI Bank’s major client group. Her major responsibility was to handle relationships with ICICI’s top 200 clients.

In 1999, Chanda Kochhar net worth went high as she handled additional yet bigger responsibilities. Kochhar handled ICICI Bank’s strategy and e-commerce divisions. ICICI started building the nascent retail business in 2000 with focus on technology, engineering and expansion of distribution under Kochhar’s leadership. Her significant role in ICICI led her to another big promotion. She became executive director in 2001.

Five years later, i.e. in 2006, Chanda Kochhar net worth gained a new height as she took over the position of deputy managing director of ICICI. During this time, she handled international and corporate businesses of the bank. Soon, she served as the chief financial officer and joint managing director of ICICI from 2007 to 2009.

CEO/MD of ICICI

Chanda Kochhar net worth kept on rising with her performance that upgraded her within the bank. She became the managing director and chief executive officer and took the responsibility of several bank’s operations in India and out of India. In addition to holding the prestigious position, Kochhar also chairs the boards of most of the bank’s subsidiaries.

International Memberships and Boards

Kochhar is not only active within the Indian banking, she is also active member of international economic/monetary organizations. She is the member of the India-Japan Business Leaders Forum and the US-India CEO Forum. In addition, she served as the president of International Monetary Conference, one of the world’s largest financial institutions. Similarly, she serves as the deputy chairman of the Indian Banks Association and chairman of the board of governors at IIIT Vadodara (India).

Furthermore, Chanda Kochhar net worth is high due to her board services and participations. She is the board member of the National Institute of Securities Markets and Institute of International Finance. Previously, she was the member of the Prime Minister’s Council on Trade & Industry. She was also in the Board of Trade and High-Level Committee on Financing Infrastructure. Another prestigious position she has held is being the co-chair of the World Economic Forum’s Annual Meeting in 2011.

Recognition and Honors

In addition to vast success and fame, Chanda Kochhar enjoys massive recognition and awards. She is the recipient of an honorary doctorate from Carleton University, Canada in 2014. Chanda Kochhar net worth rose as she received the prestigious Padma Bhushan in 2011 for her effective leadership in time of economic crisis. Kochhar received “ABLF Woman of Power Award (India)” at the Asian Business Leadership Forum Awards in 2011

Similarly, Kochhar has a worldwide reputation for her deeds. As a result, various magazines such as Forbes, Business Today, Fortune, Bloomberg Markets and Time magazines selected her under titles such as “The Most Powerful Businesswoman in India” and “The World’s Most Powerful Women” for uncountable times.

Personal Life and Salary

Kochhar married a wind energy entrepreneur and business schoolmate, Deepak KOchhar. The couple has a daughter, Aarti and a son, Arjun. Kochhar currently resides in Mumbai.

The CEO and MD of one of the most successful and prestigious banks of India, ICICI, Chanda Kochhar net worth is estimated to be US $3.3 million. Known for the excellence in financial management and leadership, Kochhar enjoys annual salary of $850,000.