HDFC Bank's Aditya Puri only Indian on Fortune's top businessmen list

Aditya Puri, managing director of HDFC Bank, was the only Indian business chief to have secured a position on Fortune’s businessperson of the year report.

Puri has been at the helm of the country’s second-largest private sector lender since its inception in 1994 and has been ranked 36th on the list, out of a total of 50 business leaders.

Indian-origin businesspersons on the list were Microsoft chief executive officer Satya Nadella, AO Smith’s Ajita Rajendra, and MasterCard’s Ajay Banga.

The top five business chiefs on the list were Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Ulta Beauty’s Mary Dillon, Alphabet’s Larry Page, and Microsoft’s chief executive Satya Nadella, in that order.

Fortune said the list was arrived at by looking at companies’ 12-month and 36-month increases in profits, revenues, and stock performances, and factors such as return on capital and debt. “We give the 12-month results more weight to capture who’s killing it today but also include the 36-month figures to eliminate those who had one lucky year.”

The list shows “star executives with wildly varying styles and approaches, but one thing in common: They deliver, big-time.”

In its report, the magazine said under Puri, the bank posted net profit of $1.9 billion last year. HDFC Bank’s American depository receipts have enjoyed a 15-year run that took them up 2,200 per cent.

HDFC Bank