09/11/2015 11:06 AM IST | Updated 15/07/2016 8:25 AM IST

SBI's Arundhati Bhattacharya Most Powerful Woman In Indian Business: Fortune India

Mint via Getty Images
MUMBAI, INDIA JANUARY 30: Arundhati Bhattacharya, Chairman, State Bank of India during MINT annual Banking Conclave on Indian Banking: New Landscape, on January 30, 2014 in Mumbai, India. (Photo by Abhijit Bhatlekar/Mint via Getty Images)

Correction: An earlier version of this story incorrectly stated that Arundhati Bhattacharya was the most powerful woman in the Indian business sector in the Forbes list. The error is regretted.

NEW DELHI -- Arundhati Bhattacharya, Chairperson of country's largest bank SBI, remains the most powerful woman in the Indian business sector, according to Fortune India.

ICICI Bank's Chanda Kochhar and Shikha Sharma of Axis Bank follow Bhattacharya at the second and third place, respectively.

Besides, HPCL Chairperson and Managing Director (MD) Nishi Vasudeva has bagged the fourth position, while AZB & Partners Co-Founder Zia Mody and Aruna Jayanthi Chief Executive of Capgemini India shared the fifth rank.

Interestingly, all the top-five rank holders retained their positions from the previous year barring Jayanthi who was at seventh position last year.

Moreover, there are only two debutantes in the Fortune India list of 50 most-powerful businesswomen for 2015.

Also Read: Narendra Modi Is World's Ninth Most Powerful Person In The Forbes List

Meena Ganesh MD and CEO at Portea and Jyoti Deshpande Group MD and CEO at Eros International have made their debuts at 43rd and 50th positions, respectively.

On SBI chief, the magazine said: "SBI's financials tell the story of her successful tenure, but it is Bhattacharya's drive that has strengthened her position at the top."

"In her short career as first woman heading one of the oldest commercial banks in the region, Bhattacharya was instrumental in pushing several reforms, including revision of terms for infrastructure loan," Fortune India noted.

These powerful women represent various sectors such as banking, finance, energy, healthcare, media, fashion and entertainment.

These women are in the age group of 40 to 71.

The other women who figure in the top 10 are Preetha Reddy MD Apollo Hospital Enterprise (seventh), Mallika Srinivasan CEO of TAFE (eighth), Yasmin Hilton Chairperson Shell India (ninth), and Chitra Rama Krishna MD and CEO at NSE (tenth).

Among others who made to the list are Kiran Mazumdar Shaw Chairperson and MD at Biocon, Renu Sud Karnad MD HDFC, Shobhana Bhartia Chairperson HT Media, Anita Dongre Founder of House of Anita Dongre, Ekta Kapoor Joint MD Balaji Telefilms and Ritu Kumar Founder of Ritu Kumar Designs.

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