2020 Business Leaders List
We are excited to announce our Indiaspora Lists, highlighting the accomplishments of Diaspora leaders from across various industries and sectors worldwide. Whether it is paying tribute to leaders who have made strides in business, government, philanthropy, academics and other realms, or to the leaders of the next generation, we hope to bring greater awareness to the collective inspiration, influence and impact of our community.
For our inaugural list, we have identified some of the top names in business today. While some are household names, others may be less known. All are CEOs, Presidents, or Chairs of the Board of Directors who are leading the largest global companies today.
About
This list pays homage to this global tapestry of leadership, a testament to the remarkable achievements of Indian leaders who inspire the next generation daily. From well-known figures to unsung heroes, our visionary leaders shape industries and society at large.
The List is a compilation of CEOs, Chairman/Chairwoman, and companies listed in Forbes 500, Forbes Global 2000, and Fortune 500. We have also included women leaders whose companies were not listed on Forbes or Fortune, but are prominent global leaders in business in their own right. Additionally, we have included a few outliers on the list who are either Indiaspora members or leaders who have made significant strides in their own countries, and we wish to recognize the geographic diversity of our diaspora.
While the Indian diaspora are making significant strides in the business world, there is much more advancement needed in achieving gender balance.
Methodology
The Indiaspora Business Leaders List includes 111 top executives of Indian descent. This powerful group accounts for more than $7 trillion in annual revenue and clearly demonstrates the rise of the diaspora as C-level influencers.
This list is not merely a showcase of individual success stories but also an acknowledgment of the collective influence of Indian-origin leaders on the world of global business.
President, COO | Jacobs Engineering
Bob Pragada
As president and COO, Bob leads the two primary lines of business at Jacobs – Critical Mission Solutions and People & Places Solutions with markets in the Americas, Europe, the Middle East, Africa and Asia Pacific. Prior to joining Jacobs in 2006, Bob served in the US Navy Civil Engineer Corps as an officer for 8.5 years and rose to the rank of Lieutenant Commander. Following his service, Bob served as the Chief Operating Officer at Kinetics. Before returning to Jacobs in 2016 as president of the Global Industrial and Buildings & Infrastructure lines of business, Bob served as president and COO of the Brock Group. Bob graduated from the U.S. Naval Academy where he earned his bachelor’s degree in systems engineering and later completed his master’s degree from Stanford University. In addition to his career at Jacobs, Bob serves on the Board of the Dallas Regional Chamber of Commerce and is a director of HydroChemPSC and Riggs Distler. Jacobs has committed $1 million to global organizations in response to the COVID-19 pandemic.
Fun Fact: Outside work, Bob is an avid sportsman and fan, and loves going to any game of any sport with his wife Jessica and their two sons.
CEO, President | Hyster-Yale Group
Rajiv Prasad
A native of Patna, India, Rajiv had more than twelve years of experience at Hyster-Yale before being named CEO and president in 2020. Most recently, he was Chief Product and Operations Officer, where he oversaw all product development, supply chain, manufacturing strategy, digital solutions, and IT activities. Rajiv obtained his both bachelor’s and master’s degrees from Loughborough University in Leicestershire, UK.
Chief Executive Officer | Deloitte Global
Punit Renjen
Punit became Deloitte Global CEO in June 2015 and was reelected in 2019. Under his leadership, Deloitte launched WorldClass—a global effort to prepare 50 million futures for a world of opportunity—based on the belief that when society thrives, business thrives. Punit has been with Deloitte for 33 years and has previously served as the chairman of Deloitte LLP and CEO of Deloitte U.S. Consulting. Punit received his master’s degree from Willamette University.
In addition to his company leadership, Punit also serves on the board of directors for United Way Worldwide, the U.S.-India Business Council, the Japan Society, and as a member of the board of trustees for the U.S. Council for International Business. In response to COVID-19, Deloitte has committed more than $12.5 million around the world in the form of monetary donations, medical equipment, and pro bono project work.
Fun Fact: Punit originally fantasized about being a cricket player before he landed on a career in business.
CEO, President | Realty Income
Sumit Roy
Already serving as president and COO of Realty Income, Sumit was promoted to president and CEO and president in 2018. Under Sumit’s leadership, Realty has made significant forays into Europe and has increased engagement with investors. Prior to joining Realty Income in 2011, Sumit served as the executive director of UBS Investment Bank for seven years and at Merrill Lynch and Cap Gemini. Sumit completed his MBA from the University of Chicago.
Realty Income has donated $25,000 to the San Diego COVID-19 Community Response Fund. The company is also an active supporter of environmental work and initiatives. The “Green Team” works to promote environmental practices among company employees through various activities including “I Care About Riding Environmentally (ICARE) Commute Week.”
Chairman of the Board | Regal Beloit
Rakesh Sachdev
Rakesh has served as the chairman of the board with Regal Beloit since 2007. Rakesh has extensive experience in the chemicals and technologies industry. He served as the CEO of Platform Speciality Products Corporation before retiring from the position in 2019. Prior to that, Rakesh was the CEO of Sigma-Aldrich Corporation. He currently serves on the board of directors for several companies including Avantor, Aceto Corporation, and Edgewell Personal Care.
The Regal Charitable Foundation supports and donates to four primary causes: health and human services, education, civic and disaster relief, and the United Way. The company has given back around the globe, including in China, Spain, and the United States. In 2018, the foundation donated more than $640,000 to charities.
Rakesh has a passion to cook different and interesting recipes, often improvising them – a great way to relax!
CEO, President | Newell Brands
Ravi Saligram
Ravi joined as CEO and president of Newell Brands in 2019 with an extensive background in consumer brands, omnichannel commerce, and global operations. His extensive 40-year career has led him across six countries, and positions as CEO of Ritchie, CEO of OfficeMax, and president of International and Chief Globalization Officer of Aramark. Ravi received his bachelor’s degree from Bangalore University in India and completed his MBA from the University of Michigan.
In response to the COVID-19 pandemic, Newell Brands and the Newell Brands Charitable Foundation have donated 300,000 products valued at $1 million including masks, gloves, and sanitizer to hospitals, schools, and other facilities around the U.S. and in Canada. In response to the Black Lives Matter Movement, the Newell Brands Charitable Foundation has donated to the NAACP Legal Defense and Educational Fund.
Fun Fact: Ravi’s spouse Nalini, an Indiaspora member, heads Arogya World, a nonprofit focusing on diabetes, heart disease, and noncommunicable disease prevention in the South Asian community.
President, CEO | Albertsons
Vivek Sankaran
Named president and CEO of Albertsons Companies in April 2019, Vivek has previously served as CEO of PepsiCo Foods North America. His focus on innovation, technology, and execution allowed him to garner significant experience in the industry. Vivek built his ten-year career at PepsiCo beginning in 2009 where he led Frito-Lay as president, COO, and CEO. Prior to joining PepsiCo, he was a partner at McKinsey & Co. for 15 years. Vivek completed his undergraduate degree from the Indian Institute of Technology in Chennai and has a master’s degree from the Georgia Institute of Technology. He completed his MBA from the University of Michigan in 1993.
Albertsons has aided in efforts to relieve hunger that has been brought upon communities in the United States by the COVID-19 pandemic. The company initiated a hunger relief campaign at the start of the pandemic and recently pledged an additional $50 million to stock food banks and supply food to those in need.
CEO, Chairman | Microchip Technology
Steve Sanghi
Steve founded Microchip Technology, a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions in 1989 and has been CEO since 1991. He began his career in the U.S. working as a component design engineer for Intel in 1978. Steve received his bachelor’s degree from Punjab University in India and completed his master’s in electrical and computer engineering from the University of Massachusetts.
Microchip Technology is a member of the Responsible Business Alliance, a nonprofit coalition of companies committed to greater social, environmental, and ethical practices.
Co-founder, Co-Chairman, CEO | Wayfair
Niraj Shah
A Massachusetts native, Niraj co-founded Wayfair in 2002 with his Cornell classmate, Steve Conine, and has been CEO since its inception. Prior to the founding of Wayfair, Niraj had co-founded and served as the CEO of Simplify Mobile, which he sold in 2001. Niraj received his bachelor’s degree in engineering from Cornell University.
In addition to his role at Wayfair, Niraj also serves on the board of the Massachusetts Competitive Partnership, the Greater Boston Chamber of Commerce, and the Federal Reserve Bank of Boston. Wayfair has responded to the COVID-19 crisis in several ways including supplying hospitals in the Boston area with additional furniture and equipment and donating $250,000 to various charities.
Fun Fact: Niraj Shah and his wife Jill Shah started the Shah Family Foundation, which supports innovative and transformative work in education, healthcare and the greater Boston community.
CEO, President | PerkinElmer
Prahlad Singh
Prahlad was named president and CEO of PerkinElmer in 2019, after serving as president and COO. He has more than 25 years of leadership experience with global innovators in healthcare technology. Prior to joining PerkinElmer in 2014 as president of Diagnostics, Prahlad was the General Manager of Women’s Healthcare at GE. His earlier career ventures included positions at DuPont Pharmaceuticals and Bristol-Myers Squibb Medical Imaging. Prahlad completed his doctoral degree in chemistry from the University of Missouri-Columbia and received his MBA from Northeastern University.
In the fight against the coronavirus, PerkinElmer is assisting researchers and laboratories around the world by providing testing solutions to determine antibody formation and immunity.
Fun Fact: While in college in Mumbai, Prahlad was an amateur boxer.
President | Palo Alto Networks
Amit Singh
Amit joined Palo Alto Networks as president in 2018, and oversees all go-to-market functions, including sales, support, consulting, business development, partnerships and enablement. Prior to Palo Alto Networks, Amit was at Google for over 10 years holding various roles of leadership including the founding and building of Google’s Cloud business. He also headed operations for the company’s AR and VR efforts. Before his instrumental roles at Google, Amit was at Oracle for over 20 years serving in various capacities including engineering, sales, and strategy. Amit received his bachelor’s degree in electrical engineering from the Delhi College of Engineering and earned his master’s degree from Rensselaer.
Palo Alto Networks has teamed up with other Bay Area companies to contribute a total of $22 million towards COVID-19 relief efforts. The company also has active cybersecurity programs for students, including a partnership with the Girl Scouts of America to engage more girls in STEM activities and careers.
Chief Executive Officer | Chewy
Sumit Singh
Sumit is the CEO of Chewy and serves on the company’s board of directors. Under Sumit’s leadership, Chewy became a public company in 2019, trading on the New York Stock Exchange and raising $1 billion from the stock sale. Prior to Chewy, Sumit held leadership roles at Amazon and Dell. He received his bachelor’s degree in engineering from the Punjab Technical University in India and a master’s degree from the University of Texas, Austin before earning his MBA from The University of Chicago’s Booth School of Business
Giving back has always been an important part of Chewy’s culture and in response to the COVID-19 pandemic, Chewy has donated over $9 million in pet food, medication, supplies and other essential products to provide support to pet parents and communities across the country that have been impacted the most by the effects of COVID-19.
Fun Fact: Although Sumit is not formally trained in music, he plays multiple musical instruments and has numerous songs that he has written and composed.
President | Western Digital
Siva Sivaram
As president of Western Digital, Siva is responsible for the company’s development of corporate strategy and technologies. Siva has more than 35 years of experience in the semiconductors and technologies industry. Prior to joining Western Digital, he held executive positions at Intel, Matrix Semiconductors, and Sandisk. He also founded and served as CEO of Twin Peaks Technologies from 2008 to 2012. Siva received his bachelor’s degree from the National Institute of Technology, Triuchi in India. He also earned both his master’s and doctorate degrees from the Rensselaer Polytechnic Institute.
Siva serves on the board of directors for the Global Semiconductor Alliance and the U.S.-India Business Council. He is also on the board of the Akshaya Patra. Western Digital contributed to COVID-19 relief in the form of monetary donations totaling more than $2 million and 250,000 PPE donations
President, COO | FedEx Corporation
Raj Subramaniam
As president and chief operating officer of FedEx Corp., Raj oversees the FedEx portfolio of operating companies, including FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, FedEx Logistics and FedEx Office. He is also co-president and co-chief executive officer of FedEx Services. Prior to assuming his role as president and chief operating officer of FedEx Corp., Raj was president and chief executive officer of FedEx Express, the world’s largest express transportation company. He also has served as executive vice president and chief marketing and communications officer for FedEx Corp. from 2013 to 2018. He first joined FedEx when he joined the marketing team in Memphis in 1991, and moved to Hong Kong to lead marketing activities for the Asia-Pacific region. He is also director of FedEx Corporation, First Horizon National Corporation, U.S.-India Strategic Partnership Forum, and U.S.-China Business Council.
FedEx has a highly diverse and inclusive workforce with minorities making up 49 percent of its U.S. workforce and 35.5 percent of team management. In response to COVID-19, the company has also launched a $1 million grant program to support small businesses that have been affected by the virus.
CEO, President | Nokia
Rajeev Suri
Born in New Delhi, raised in Kuwait, and a Singaporean citizen based in Finland, Rajeev has a global world view that has contributed to his vision and transformation of Nokia since becoming CEO in 2014. His tenure has included the creation of Nokia’s own telecom software-driven network business, its successful expansion into enterprise vertical markets, and the full-circle return of the Nokia brand to mobile phones since it sold its phone division to Microsoft in 2013. Rajeev has been with Nokia for 25 years, prior to which he held management positions at various companies based in India and Nigeria. Rajeev earned his bachelor’s degree from the Manipal Institute of Technology in India.
Rajeev’s vast experience has earned him the position as a commissioner of the United Nations Broadband Commission and a member of the stewardship board of the Health and Healthcare System Initiative at the World Economic Forum. Rajeev has been vocal about climate change and Nokia’s commitment as a player in solving the climate challenge. In 2019, the company participated in the UN climate summit and delivered zero-emissions products to 150 countries the same year.
President, CEO | Tenet Healthcare
Saum Sutaria
Saum serves as Tenet’s president and COO, with responsibilities spanning the enterprise. Prior to joining Tenet, Saum worked for McKinsey & Company for 18 years. He also received his doctor of medicine from the University of California, San Diego and performed postgraduate training with a focus on internal medicine and cardiology. Saum completed bachelor’s degrees in molecular and cellular biology and economics from the University of California, Berkeley.
Tenet Healthcare actively engages in local communities and employees practice community service through participation in the company’s annual “Healthy Over Hungry Cereal Drive” and National Volunteer Month.
Chief Executive Officer | Gap Inc.
Sonia Syngal
Assuming the role of CEO of Gap in early 2020, Sonia has proven her business acumen throughout her career. She has been with Gap since 2004 and served as president and CEO of Old Navy since 2016. She was responsible for leading the Old Navy’s increase in sales from $7 billion to $8 billion in just three years. Sonia holds an engineering degree from Kettering University and completed her master’s at Stanford University.
In response to the COVID-19 pandemic, Gap, Old Navy, and Banana Republic have donated $50 million in clothing to families affected by the virus. The Gap Foundation has also donated $1 million to support non-profit organizations around the world aiding in COVID-19 relief.
Fun Fact: Sonia is a member of the Boys & Girls Club of America’s Board of Governors.
CEO, President | Arista Networks
Jayshree Ullal
Named CEO and president of Arista Networks in 2008, Jayshree has become one of the most influential people in the networking industry today. In 2014, she led Arista to an IPO on the New York Stock Exchange and is among just 72 self-made female billionaires on the planet. Since her appointment as CEO, Jayshree has made Arista a leader in ethernet switches and open-source cloud software. Jayshree has over 30 years of experience in the networking industry and previously served as the senior VP at Cisco. Jayshree has a B.S. in electrical engineering from San Francisco State University and completed her master’s in engineering management from Santa Clara University.
In response to COVID-19, The Arista Foundation has partnered with the Second Harvest of Silicon Valley to provide donations and supplies to communities in need.
Co-founder, Group CEO | Olam International
Sunny Verghese
The co-founder and the Group CEO of Olam International, Sunny Verghese has been with Olam for over 30 years. Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST and is a leading food and agri-business with a presence in over 60 countries worldwide. Olam aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, the planet and its stakeholders. Sunny has previously held positions at Kewalram Chanrai Group and Unilever India. He received his post-graduate management degree from the Indian Institute of Management Ahmedabad and completed the Advanced Management Program at Harvard Business School.
Sunny serves as the Chair of the World Business Council for Sustainable Development. In response to COVID-19, the company has committed more than $5.7 million (USD) in humanitarian aid around the globe.
Founder, CEO, Chairman | Fairfax Financial
Prem Watsa
Prem founded Fairfax Financial in 1985 and has served as its chairman and CEO since its inception. Prem immigrated from India to Canada in the 1970s and first began his career at Confederation Life Insurance in Toronto before starting his own Hamblin Watsa Investment Counsel in 1984. A year later, Prem started Fairfax and grew it to amass revenues of over $7 billion. Prem completed his bachelor’s degree from the Indian Institute of Technology, Madras and later received his MBA from the Richard Ivey School of Business at the University of Western Ontario.
Founded in 2016, the Fairfax India Charitable Foundation aims to support underserved communities in India. Prem Watsa met with Indian Prime Minister Narendra Modi to discuss ways in which the foundation could help. Currently, it has an ongoing initiative to support dialysis and make it easy for patients to afford access and care.