Master Blaster Sachin Tendulkar, eye doctor Perumalsamy Namperumalsamy, humanitarian worker Sanjit Buker Roy, writer Chetan Bhagat, Indian-American doctor and Harvard professor Atul Gwande, paramedic from Toronto Rahul Singh and Biotech entrepreneur Kiran Mazumdar Shaw are the other Indians on the list.
Manmohan Singh, who features in the 19th spot on the 'Leaders' list, has been hailed for liberalising the Indian economy and guiding the developing country 'into the ranks of great powers'.
CEO of Pepsi, Indra Nooyi, another Indian who features on many of power lists, authored a brief piece on the Indian Prime Minister for the magazine.
"India today is a critical engine of global growth, a vital partner in global security and a model for democratic development. Perhaps more important, Singh is ensuring this progress is not enjoyed by a chosen few; he realizes that economic development is the best antipoverty program a government can design," she wrote.
Brazilian president Luiz Inácio Lula da Silva, CEO of the Taiwanese PC maker Acer Group, JT Wang, and Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen are the top three Leaders on the TIME's list.
US president Barack Obama featured on the fourth spot.
While Lady Gaga topped the 'Artists' lists, Bill Clinton featured first on the 'Heroes' list.
Aishwarya Rai-Bachchan topped the TIME 100 Alumnae list.