Chanda Kochhar Age, Husband, Family, Biography & More
|Real name||Chanda Advani The Times of India|
|Known For||Being 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
|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
• 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
• 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’
• 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
• 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
|Date of Birth||17 November 1961 (Friday)|
|Age (as of 2022)||61 Years|
|Birthplace||Jodhpur, Rajasthan, India|
|Hometown||Jaipur, Rajasthan, India|
|School||St. 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
|Address||Tony CCI Chambers, opposite Cricket Club of India, South Mumbai|
|Hobby||Watching Bollywood films|
|Controversy||ICICI 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. On 23 December 2022, the CBI arrested Chanda Kochhar and her husband, Deepak Kochhar, in a case linked to alleged irregularities in an over Rs. 3,000-crore loan provided to the Videocon Group when she was heading the ICCI Bank. 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. 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. 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. The Hindu
|Relationships & More|
|Husband/Spouse||Deepak Kochhar (businessman; owner of NuPower Renewables)
|Children||Son- Arjun Kochhar (squash player)
Daughter- Aarti Kochhar (owner of Taali Foods)
|Parents||Father- Roopchand Advani (professor at an engineering college)
Mother- Name not known
|Siblings||Brother- Mahesh Advani (studied engineering)
Sister- Name not known (studied medicine)
|Food||Thai Food - Red Curry, Sindhi delicacies (made by her mother), Gujia, Jalebis|
|Actor(s)||Shah Rukh Khan, Amitabh Bachchan|
|Banker(s)||Narayanan Vaghul, K. V. Kamath|
|Car Collection||• Audi
• Ford H5
• Mercedes Benz
|Salary (approx.)||Rs. 2.37 crores (annual; as of 2017) Mint|
• Personal investments: Rs. 5.5 crores Financial Express
• Churchgate flat: Rs. 3.5 crores Business Standard
• A house in Mumbai: Rs. 1.1 crores Financial Express
|Net Worth (approx.)||Rs. 24 crores (as of 2022) Financial Express|
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.
- 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.
- 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.
- 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.
Chart: Chanda Kochhar, Priyanka Chopra among world's most powerful women: Forbes https://t.co/8YhHbpF7FV #MostPowerfulWomen #PriyankaChopra pic.twitter.com/bjXnJcY0p3
— Moneycontrol (@moneycontrolcom) November 3, 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’s family has earned a prominent reputation among India’s celebrated families. Her family’s status can be gauged by the star-studded guest list of the wedding of her daughter Aarti in December 2014. The guest list included- Mukesh Ambani, Nita Ambani, Gautam Adani, Kumar Mangalam Birla, P Chidambaram, Uddhav Thackeray, Nitin Gadkari, Shah Rukh Khan, Amitabh Bachchan, and many more.
- 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.”
|↑1||The Times of India|
|↑6, ↑8, ↑9||Financial Express|