SAIL Chairperson Soma Mondal on Forbes ‘Asia’s Power Businesswomen’ list

Singapore: Soma Mondal, the Chairperson of India's Maharatna steel PSU SAIL, has been featured on Forbes 'Asia's Power Businesswomen' list for 2022, along with two other Indian businesswomen. Alongside Steel Authority of India Ltd's (SAIL) Mondal, Namita Thapar, Executive Director at India business of Emcure Pharma, and Ghazal Alagh, Co-founder and Chief Innovation Officer of Honasa Consumer are on the list. The list features 20 Asian women who came up with varying strategies that helped their businesses soar despite the uncertainty of the new normal and three years of Covid-19.

"Some of these women operated in hard-hit sectors such as shipping, property and construction, while others continue to innovate in areas such as technology, pharmaceuticals, and commodities," said Forbes.

SAIL Chairperson Soma Mondal

Mondal is the first woman to chair state-owned SAIL. She is heading the PSU since January 2021. During her tenure so far, SAIL's annual revenue has went up by 50 percent and profits have surged threefold to Rs 12,000 crore.

Mondal is a graduate in Electrical Engineering from the National Institute of Technology, Rourkela. She has over 35 years of experience in the metal industry. She commenced her career as a Graduate Engineer Trainee at NALCO and rose through the ranks to take over the mantle of Director (Commercial) at NALCO in the year 2014. At SAIL, she spearheaded the implementation of the marketing strategies emerging from the Comprehensive Turnaround Roadmap for the Company since 2017, which witnessed SAIL increasing its sales and expanding the market reach progressively year on year.

Asia-Pacific has moved on to post-pandemic era: Forbes

"The Asia-Pacific region this year has mostly moved on to a post-pandemic era where governments, people, and businesses are learning to live with Covid-19," said Forbes.

The other women on the list are from Australia, China, South Korea, Indonesia, Japan, Singapore, South Korea, Taiwan and Thailand.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)