(Last Updated on : 15/06/2012)
Vishakha Mulye was initially the Executive Director of ICICI Lombard General Insurance Company Limited and the Group Chief Financial Officer of ICICI Bank Limited, the largest private sector bank and the second largest bank in India.
Ms. Mulye is a Chartered Accountant and joined the ICICI group in 1993. She has worked extensively in the areas of project finance, structured finance, treasury, corporate planning and strategy, investor relations and resolution of distressed assets. She played a pivotal role in setting up the Special Asset Management Group, which was formed for proactive resolution of distressed assets. She played a key role in the merger of ICICI with ICICI Bank, which led to the creation of the second largest bank in India. Between 2001 and 2005, she set up ICICI Bank's structured finance business. This pioneering effort led to the development of an active securitization market in India. During this period, she was also responsible for ICICI Bank's client-related treasury and markets operations, capital markets business and relationships with domestic financial institutions and multilateral institutions. As the Group CFO of ICICI Bank, she was responsible for financial reporting, balance sheet management, planning, strategy, investor relations, corporate communications and market, and operational risk management functions of the bank. She has been instrumental in strengthening the bank's capital base through the first simultaneous ADR and domestic equity offering from India and more recently through the first issuance of hybrid Tier-1 capital by any bank in India.
Awards received by Vishakha Mulye
Ms. Mulye received the award for 'Most Powerful Women in Indian Business - 2007' from Business Today. She also received the CA Corporate Leader Award 2008 (2nd in the 'CA Young leader - Female' category), organized by the Institute of Chartered Accountants of India (ICAI). She received the India CFO Award, 2006, instituted by IMA for excellence in finance in a large corporate. The World Economic Forum also selected her as a 'Young Global Leader' for the year 2007. She is a member of Aspen Institute for 'India Leadership Initiative'.
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