Reliance Foundation Chairperson Nita Ambani has been ranked the most powerful businesswoman in Asia by Forbes.
SBI Chairman and Managing Director Arundhati Bhattacharya has been named second on the 2016 'Asia's 50 Power Businesswomen' list that includes revolutionary women from China, Indonesia, Australia, Vietnam, Thailand, Hong Kong, Japan, Singapore, the Philippines and New Zealand.
In addition to Ambani and Bhattacharya, six women from India have made to the list, including Mu Sigma CEO Ambiga Dhiraj (14), Welspun India CEO Dipali Goenka (16), Lupin CEO Vinita Gupta (18), ICICI Bank Managing Director & CEO Chanda Kochhar (22), VLCC Health Care Founder and vice chairman Vandana Luthra (26) and Biocon Founder, Chairman & Managing Director Kiran Mazumdar-Shaw (28).
Calling her as the "first lady of Indian business", Forbes said Ambani, 52, is a "power near the throne" and makes her first appearance on the list because of her rising profile in Reliance Industries, headed by her husband and India's richest man Mukesh Ambani.
On Bhattacharya, 60, Forbes said she is in front of her "most challenging test" yet with the State Bank of India as it battles with increasing bad loans, which stood at $11 billion in December and caused net profit to sink by more than 60 per cent to $190 million in a recent quarter.
Ambiga Dhiraj, 40, became the first female manager of an Indian-owned tech unicorn when she assumed the reigns of Mu Sigma, a provider of data-analytics services, from husband Dhiraj Rajaram, who established the firm in 2004.