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Chanda Kochhar Age, Husband, Family, Biography & More

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Age: 62 Years
Hometown: Jaipur, Rajasthan
Husband: Deepak Kochhar

Chanda Kochhar

Bio/Wiki
Real nameChanda Advani [1]The Times of India
ProfessionBanker
Known ForBeing the former managing director & CEO of the ICICI Bank
Physical Stats & More
Height (approx.)in centimeters- 165 cm
in meters- 1.65 m
in feet & inches- 5’ 5”
Weight (approx.)in kilograms- 55 kg
in pounds- 121 lbs
Eye ColourBlack
Hair ColourBlack
Career
Awards, Honours, Achievements 2002-10: Featured in the list of ’30 Most Powerful Woman Leaders’ for eight consecutive years
2004: Won Retail Banker of the Year Award by The Asian Banker
2005: Awarded ‘Business Woman of the Year’ by The Economic Times
2005: Ranked 47th on the ‘Most Powerful Women in Business’ list by Fortune
2006: Received ‘Rising Star Award’ for Global Awards by Retail Banker International
2006: Ranked 37th on ‘Most Powerful Women in Business list by Fortune
2007: Ranked 33rd on ‘Most Powerful Women in Business’ list by Fortune
2008: Ranked 25th on ‘Most Powerful Women in Business’ list by Fortune
2009: Ranked 20th on ‘World’s 100 Most Powerful Women list’ by Forbes
2010: Ranked 10th in Fortune’s List of ‘Most Powerful Women in Business,’ was also ranked 92nd in the Forbes List of ‘Most Powerful Women’ in the world
2011: Honoured with Padma Bhushan award, the third highest civilian award in India
Chanda Kochhar With Padma Bhushan
2011: Awarded ABLF Woman of Power Award (India) at the Asian Business Leadership Forum Awards
2011: Ranked 10th in the ‘Top 50 Women in World Business’ list by Financial Times
2011: Listed among the ’50 Most Influential People in Global Finance’ by Bloomberg Markets
2011: Ranked 59th among the ‘World’s 100 Most Powerful Women’ by Forbes
2011: Ranked 5th in the International list of ’50 Most Powerful Women in Business’ by Fortune
2011: Featured on the list of the ‘Most Powerful Women – Hall of Fame’ by Business Today
2013: Ranked in Forbes’ list of ‘The World’s 100 Most Powerful Women 2013’ as the most powerful businesswoman in India
2013: Featured in India Today’s ‘Power List 2013 of 25 most powerful women in India’
2014: Carleton University, Canada honoured her with a doctorate degree
Chanda Kochhar Carleton University Canada
2014: Awarded with ASSOCHAM Ladies League Mumbai Women of the Decade Achievers Award
2015: Listed in Time magazine’s ‘100 Most Influential People in the World’
Chanda Kochhar Time100 Woman
2015: Ranked 1st on ‘100 Most Powerful Women in Asia Pacific’ by Fortune
2015: Won Asia Game Changer Award at the UN headquarters in New York, the USA
Chanda Kochhar receiving Asia Game Changer Award at the UN headquarters in New York, the USA in 2015
2016: Ranked 10th in Forbes list of ‘The World’s Most Powerful Women in Finance 2016’
2016: Ranked 22nd in ’50 Power Businesswomen List 2016′ by Forbes Asia
2016: Ranked 40th on ‘High and Mighty Power List 2016’ by India Today
2017: Featured in Business World magazine’s ‘BW’s Most Influential Women’ list as an Evergreen Woman Leader
2017: Won Woodrow Wilson Award for Global Corporate Citizenship from the Woodrow Wilson Centre in the USA
2017: Listed 5th on the list of ‘Most Powerful Women in business outside the U.S.’ by Fortune
Personal Life
Date of Birth17 November 1961 (Friday)
Age (as of 2023)62 Years
BirthplaceJodhpur, Rajasthan, India
Zodiac signScorpio
NationalityIndian
HometownJaipur, Rajasthan, India
SchoolSt. Angela Sophia School, Jaipur, Rajasthan, India
College/University• Jai Hind College, the University of Mumbai in Mumbai
• Institute of Cost Accountants of India
• Jamnalal Bajaj Institute of Management Studies in Mumbai
Educational Qualification• B.Com degree from Jai Hind College, University of Mumbai
• Studied cost accountancy from Institute of Cost Accountants of India
• MS degree from Jamnalal Bajaj Institute of Management Studies, Mumbai
ReligionHinduism
Caste/EthnicitySindhi
AddressTony CCI Chambers, opposite Cricket Club of India, South Mumbai
HobbyWatching Bollywood films
ControversyICICI Bank-Videocon Group Loan Fraud Case

• In April 2018, she had to face questions of conflict of interest in the Videocon loan controversy. The CBI registered a preliminary enquiry, naming Videocon Group promoter Venugopal Dhoot, Chanda Kochhar's husband, Deepak Kochhar, and others to investigate the alleged wrongdoing in the sanctioning of a Rs. 3,250 crore ICICI loan to the Videocon Group.

• In October 2018, she quit as CEO and managing director of ICICI Bank over the same. Ms Kochhar is accused of violating the bank's code of conduct and internal policies to favour Videocon Group, a consumer electronics and oil and gas exploration company. The CBI accused her of criminal conspiracy and cheating for alleged irregularities in a loan of Rs. 3,250 crore in 2012 to the Videocon Group, which became a non-performing asset for the ICICI Bank. Reportedly, her husband, Deepak Kochhar, founded a company named NuPower Renewables in which former Videocon chairman Venugopal Dhoot allegedly invested crores of rupees after the Videocon group was granted a loan by the ICICI Bank. According to the CBI, Ms. Kochhar was a member of the committee that cleard the loan to the Videocon Group. [2]NDTV

• On 23 December 2022, CBI arrested Chanda kochhar and her husband, Deepak Kochhar, for their involvement in the loan fraud case of ICICI Bank. [3]Hindustan Times

• On 9 January 2023, the Bombay High Court ordered the release of Chanda Kochhar and her husband, Deepak Kochhar, citing their arrest was “illegal” in the ICICI Bank fraud case. According to a division bench of justices Revati Mohitedere and PK Chavan, the arrest was not in accordance with Section 41A (notice of appearance before police officer) of the Code of Criminal Procedure, and the bench ordered Ms Kochhar’s release from Byculla jail and Mr Kochhar’s release from Arthur Road Jail on a cash bond of Rs. 1 lakh. [4]The Hindu

• On 8 April 2023, the CBI filed a chargesheet against Chanda Kochhar, her husband Deepak Kochhar, and Venugopal Dhoot under Sections 120-B (criminal conspiracy) and 409 (criminal breach of trust) of the Indian Penal Code (IPC) and provisions of the Prevention of Corruption Act, among others. [5]The Tribune

• On 19 February 2024, the Bombay High Court ruled that their arrest in the loan fraud case was an abuse of power. [6]India Today
Relationships & More
Marital StatusMarried
Affairs/BoyfriendsDeepak Kochhar
Chanda Kocchar with Deepak Kochhar
Family
Husband/SpouseDeepak Kochhar (businessman; owner of NuPower Renewables)
Chanda Kochhar With Her Husband Deepak Kochhar
ChildrenSon- Arjun Kochhar (squash player)
Chanda Kochhar With Her Son Arjun (Center) and Husband Deepak Kochhar
Daughter- Aarti Kochhar (owner of Taali Foods)
Chanda Kochhar With Her Daughter Aarti
ParentsFather- Roopchand Advani (professor at an engineering college)
Mother- Name not known
SiblingsBrother- Mahesh Advani (studied engineering)
Sister- Name not known (studied medicine)
Favourites
FoodThai Food - Red Curry, Sindhi delicacies (made by her mother), Gujia, Jalebis
Actor(s)Shah Rukh Khan, Amitabh Bachchan
Sport(s)Basketball, badminton
Banker(s)Narayanan Vaghul, K. V. Kamath
PoliticianNarendra Modi
Style Quotient
Car Collection• Audi
• Ford H5
• Mercedes Benz
Chanda Kochhar's car
Money Factor
Salary (approx.)Rs. 2.37 crores (annual; as of 2017) [7]Mint
Assets/PropertiesMovable Assets
• Personal investments: Rs. 5.5 crores [8]Financial Express

Immovable Assets
• Churchgate flat: Rs. 3.5 crores [9]Business Standard
• A house in Mumbai: Rs. 1.1 crores [10]Financial Express
Chanda Kochhar's home in Mumbai
Net Worth (approx.)Rs. 24 crores (as of 2022) [11]Financial Express

Chanda Kochhar

Some Lesser Known Facts About Chanda Kochhar

  • Chanda Kochhar is the former CEO and managing director of ICICI Bank.
  • While growing up in Jaipur, she aspired to become an IAS officer. However, the commercial milieu in Mumbai turned her into a banker.
  • During her school days, she was a prolific basketball and badminton player.
  • She joined ICICI Bank when she was 22 years old.
  • In 1984, she began her career as a management trainee with the erstwhile ICICI Limited. While working as a management trainee, she was held in charge of appraisals and management of projects in several industries including petrochemicals, textile, paper, and cement.
  • During the 1990s, Chanda Kochhar played an instrumental role in establishing ICICI Bank.
  • In 1993, she became a member of the core team made for setting up the bank. She formulated strategies for retail and corporate departments, determined branch roll-out strategies, and took care of the technology architecture of the bank.
  • In 1994, she was chosen for the position of assistant general manager (AGM) of the ICICI Bank.
  • In 1996, she became the deputy general manager (DGM) of the ICICI bank and managed the Infrastructure Industry Group of the ICICI Bank; the group was made to work in the fields of power, telecom and transportation.
  • In 1998, she was made the general manager of the bank and was assigned the task to handle the top 200 clients of the bank. Later, she was assigned to manage ICICI Bank’s strategy and e-commerce divisions.
  • At the ICICI Bank, she was interviewed by K. V. Kamath.

    Chanda Kochhar With K V Kamath

    Chanda Kochhar With K V Kamath

  • In April 2001, she was appointed as executive director of the bank and handled the retail business of the bank. Under her leadership as the executive director of the bank, ICICI Bank won Best Retail Bank in India Award by The Asian Banker in 2001, 2003, 2004, and 2005. In 2002, the bank won Excellence in Retail Banking Award from The Asian Banker. In the same year, she was elevated to the Board of Directors of ICICI Bank.
  • In April 2006, she was appointed as the deputy managing director of the bank and headed the bank’s corporate and international banking businesses.
  • She went on to head the corporate banking business and infrastructure finance at the Bank.
  • Focussing on technology, re-engineering, scaling up of distribution, and innovation, Chanda Kochhar led the Bank to a leadership position in this business.

    Chanda Kochhar ICICI Bank

    Chanda Kochhar ICICI Bank

  • In October 2007, she became the chief financial officer (CFO) and joint managing director of the bank. Her duties under this designation included managing international and corporate businesses. She left the position in October 2009.
  • In 2009, she was elevated to the positions of managing director & CEO of ICICI Bank. She took care of the banking business internationally and was involved in managing customer relationships in India and internationally, giving them the access to diverse facilities of the bank.
  • In 2011, she was chosen to be one of the chairpersons for the World Economic Forum’s annual meeting. Later, she was selected as a member of the US-India CEO Forum and India-Russia Business Leaders Forum.
  • From 2015 to 2016, she was appointed as the president of the International Monetary Conference. She was appointed as the deputy chairman of the Indian Banks Association.
  • She was appointed as the chairperson of the board of governors at IIIT Vadodara, Gujarat. National Institute of Securities Markets and the Institute of International Finance appointed her as one of the board members. Later, she became a member of the Prime Minister’s Council on Trade & Industry, the Board of Trade and the High-Level Committee on Financing Infrastructure in India.
  • In an interview, she talked about her college days and shared that she was interested in dramatics and also took part in some of the programs of All India Radio.
  • In 2009, she was listed in ‘World’s 100 Most Powerful Women list’ by Forbes as the second Indian; Sonia Gandhi, president of the Indian National Congress, was the first Indian on the list. She was also featured on the cover of Forbes magazine.

    Chanda Kochhar on the cover of Forbes India magazine

    Chanda Kochhar on the cover of Forbes India magazine

  • On the 2010 ‘World’s 100 Most Powerful Women list’ by Forbes, she achieved the 92nd position; however, in 2011, she jumped up to 43rd position. She achieved the 43rd position in 2014, the 35th position in 2015, and the  32nd position in 2017.

  • She also chairs the boards of principal subsidiaries of most of the Indian banks including India’s leading private sector life and general insurance companies.
  • In addition to the ICICI group, Chanda Kochhar has been a member of the US-India CEO Forum, the India-Japan Business Leaders Forum and the Board of trade.
  • In 2015-16, she worked as the President of the International Monetary Conference, an organization that annually brings together the chief executives of approximately 70 of the world’s largest financial institutions from 30 countries.
  • She has been a member of the Prime Minister’s Council on Trade & Industry.
  • In 2017, she became the first Indian woman to receive the prestigious Woodrow Wilson Award for Global Citizenship, joining the ranks of Hillary Clinton and Condoleezza Rice.

    Chanda Kochhar With Woodrow Wilson Award

    Chanda Kochhar With Woodrow Wilson Award

  • During an interview, she said that she doesn’t exercise at all and thanked God for her metabolism which keeps her lean.
  • Chanda Kochhar accepts being a religious person but condemns the orthodox rituals.
  • In an interview, when she was asked about how she manages to maintain a friendly relationship with her customers and employees of the bank, despite being the CEO of the bank, she replied,

    I make regular visits to all our branches. I go almost unannounced, and at a branch, I make an effort to talk to the people there. And for the past two years, I have been holding regularly scheduled employee discussion meetings. These are not performance reviews or meetings with a particular business segment—with a boss and his subordinate and the next subordinate and the next. These are just meetings with different sets of about 20 employees picked on a random basis at various levels of the organization. We do them once a month. I promise people who participate that whatever they say is just for me to absorb and will not go out of the room. Sometimes we talk about the work environment in the branches. Sometimes we talk about what customers are feeling. Sometimes we talk about gender issues. Sometimes we talk about our transfer policies. And over time, people have learned that they can speak to me and they do; no one outside the room knows who spoke.”