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3 Indian-Origin CEOs in Fortune Global Business Leaders List

3 Indian Origin CEOs in Fortune Global Business Leaders List pardesi news 1459247746

MasterCard's Ajay Banga, Microsoft's Satya Nadella and Cognizant's Francisco D'Souza have been named among the top 50 global business leaders by the prestigious, Fortune magazine

Three Indian-origin CEOs, including Microsoft's Satya Nadella and MasterCard's Ajay Banga, have been named among the top 50 global business leaders by the prestigious, Fortune magazine. The list is topped by Nike's Mike Parker.

While global payment solutions provider MasterCard's Bangais ranked at the fifth position, Cognizant's chief FranciscoD?Souza has been ranked 16th followed by the Microsoft's Nadella at the 47th spot.

Topping the list was Nike CEO Mark Parker. Facebook CEO Mark Zuckerberg, Electronic Arts CEO Andrew Wilson and Apple CEO Tim Cook came in at Nos. 2 through 4, ahead of Banga. Other people on the list includes Mary Dillon (6), Xiaomis Lei Jun (7), Ubers Travis Kalanick (8), Chipotles Steve Ells and Montgomery Moran (9) and Biogens George Scangos (10). All of them are Chief Executive Officers (CEOs) by profession.

Under Banga's lead, the magazine noted, “MasterCard has doubled profits and revenue in five years, and he has been aggressively acquiring companies to build its technological edge.”

Fortune said D'Souza has kept Cognizant on the "cutting-edge" not only with digital services, analytics and cloud services but also by expanding its health care segment and its biggest acquisition to date of health care IT-services provider called TriZetto. According to Fortune, "No other company has appeared more times on Fortune’s list of Fastest-Growing Companies than Cognizant."

Fortune said “Nadella faces the unpleasant task of grappling with the slow decline of the company’s once impregnable bulwarks as he tackles the challenge of shifting from a world centered around the PC and purchased software to a universe of mobile devices and streamed (or even free) software.” The magazine also added that, while the Microsoft has not been able to produce the same profits, it achieved the previous year; investors believe Nadella can lead Microsoft to new world success. Since Nadella took over at CEO, the company’s shares have risen considerably.

The list, released Nov. 12, is described to have been selected by results. Fortune said, “Sure, intangibles and inspiration matter. But what counts most for companies is the ability to generate cold, hard cash.” The methodology to select the list is based on ten metrics including financial results, and ability to deliver revenue and profit growth, along with stock returns.

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Patrick Callahan

Pardesi News Reporter

Pardesi News Reporter

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