MOSTPOWERFUL WOMEN

7
Prev Rank: New

Alice Vaidyan, 

Chairman and managing director
age: 58
Most Powerful Women Logo
The first woman to head India’s only reinsurance company, Vaidyan successfully managed an initial public offering that makes GIC the second-most valuable public sector financial company. The Rs 11,500 crore IPO values the company at Rs 80,000 crore. She takes charge at a time when foreign reinsurers are being allowed in but that does not seem to faze her. She says the abysmal penetration numbers—0.8% for non-life insurance and 3.5% for life—mean that there is a big enough market for all.
Advertisement
Advertisement