Shilputsi in the News
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Beyond the glass ceiling
Vidya Chhabria, Naina Lal In Fortune Top 50 List - Financial Express - October 7, 2003

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Vidya Chhabria who rules over the $2-billion Jumbo Group and Naina Lal Kidwai of HSBC have made it to Fortune magazine’s world’s top 50 corporate women. Ms Chhabria has been ranked 38th with Ms Kidwai in the 47th place.

The International Power 50 ranks women who have an operating role in businesses outside the United States, including women based there who run overseas divisions, such as Coke’s Mary Minnick. Pepsi’s Indra K Nooyi, who featured in last year’s international listing by Fortune, is on the US list now.

Ms Chhabria (55) successfully took over the reins of the Jumbo Group after Manu Chhabria’s untimely death last year. Her ranking in the 38th place is a steep climb from 44 last year.

“I consider this recognition as a vindication of business philosophy and work ethics of the Jumbo Group. However, our real test lies in dealing with radical changes in the business environment, all over. I look up to our committed human resource for a better future, for that’s where the real power lies,” said Ms Chhabria.

Ms Chhabria’s rise in the rankings is probably triggered by Shaw Wallace’s move to form a joint venture with SABMiller, a move that would impact the beer industry in India critically. She runs the group’s 28 businesses with the help of two of her three daughters and its flagship business, the Dubai-based Jumbo Electronics, is the largest distributor of Sony Products in the world. The flagship of the Indian operations, Shaw Wallace, is the second largest liquor company in the country.

Ms Kidwai (46) is among the country’s most well-known investment banker, which has traditionally been the home-turf of alpha-males.

When queried on how it felt to move up three notches in the ranking of 47, Ms Kidwai said it only made it all the more tough to hold on! Do gender-based rankings of this nature really count for? Ms Kidwai did not volunteer a response, but concurred that perhaps it is a reflection that there is still glass ceiling at companies, which makes such efforts most interesting!

Ms Kidwai joined HSBC from JM Morgan Stanley last year, a move seen as reflecting her new employer’s ambitions in investment banking, to be an active participant in the country’s disinvestment process in particular.

According to management experts, the success of these women only reveals that no external forces like gender biases, for instance, can deter genuine merit. Said Tarun Sheth of Shilputsi consultants, a global HR consultancy firm: “If the women are able to consistently deliver worldclass performance then breaking the glass ceiling is hardly an issue. Once they are able to prove that they can steer the business forward then more and more opportunities to prove their capabilities will automatically come their way. Unless of course there is something drastically misfit in the organisations. And such a possiblity is very rare in the contemporary age.”

Added Anil Sachdeva, chairman of Grow Talent, a leading HR consultancy firm: “The success of these women professionals reveals that by virtue of sheer determination and a worldclass ability to succeed, breaking the glass ceiling at the global workplace is hardly a challenge”.

Moreover, the success of those like Ms Kidwai reveals that along with all these diverse capabilities, women also need to have the ability to balance the various roles as a wonderful wife, mother and an outstanding professional with consummate ease.

Mr Sheth also believes that to make it to the top, women professionals should also be open to switch any number of organisations without being restricted by personal dilemmas, as some of these women professionals have done in the course of their successful careers. But this should be done only if such job switch provide them with the opportunities to enrich their careers. 

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