"The BRIC countries (Brazil, Russia, India and China) and other emerging economies have powered ahead economically over the past decade, marking a distinct shift in global power...we present a selection of 50 emerging market business leaders who have shaped the economic performance of their respective regions," the British newspaper said in the report.
The nine Indian business leaders who are featured on the list include:
- Tata Group chairman Ratan Tata
- Reliance Industries chairman Mukesh Ambani
- ADAG chairman Anil Ambani
- ICICI Bank managing director and chief executive Chanda Kochhar
- Mahindra group patriarch Keshub Mahindra
- Bharti Airtel chairman Sunil Bharti Mittal
- Videocon chairman Venugopal Dhoot
- Hero Group founder Brijmohan Lall Munjal
- Future Group chairman KishoreBiyani
The Ambani brothers are featured next to each other on the list. The newspaper hailed oil and petrochemicals baron Mukesh Ambani for investing 5 billion dollars in a retail supermarket and consumer electronics store network which he hopes would be the Wal-Mart of India.
Speaking on Anil Ambani, FT said that the younger brother took over Reliance Communications and brought in the Re 1 per minute mobile phone call 'that gave hundreds of millions of low-income earners access to the service'.
The daily praised Ratan Tata for targeting the consumer-end of the automotive market.
ICICI Bank's Chanda Kochhar is one among the three women featured on the list, which includes business leaders from the emerging markets of the Middle East, Africa, Latin America and Eastern Europe