Icici's First Among Equals ; It's a Demonstration of an Institution's Bench Strength That Within Days of Two of Their Top Honchos Putting in Their Papers, Their Replacements Were Announced: Especially When the Outgoers Have Nursed the Businesses Since Inception. This Is Exactly What Icici Group Did Recently.

Summary

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It's a demonstration of an institution's bench strength that within days of two of their top honchos putting in their papers, their replacements were announced: Especially when the outgoers have nursed the businesses since inception. This is exactly what ICICI Group did recently. When Renuka Ramnath, with two decades of experience at the Group, abruptly left the venture capital arm, young turk VISHAKHA MULYE, 40, promptly stepped into Ramnath's shoes. Mulye, another career ICICI finance whiz who started off as management trainee, blazed through the ranks to become the Group CFO to now MD of ICICI Venture. ICICI Venture has a very sound platform of business, domain knowledge and talented people. I would like to build on this strength, she says.

As ICICI Group CFO and treasurer from 2005-07, Mulye raised nearly $7 billion in equity via two public offerings of $1.8 billion and $5 billion, and another $5 billion by way of bonds. That probably makes this chartered accountant the only woman CFO to have raised a staggering $12 billion in a matter of two years.

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Icici's First Among Equals ; It's a Demonstration of an Institution's Bench Strength That Within Days of Two of Their Top Honchos Putting in Their Papers, Their Replacements Were Announced: Especially When the Outgoers Have Nursed the Businesses Since Inception. This Is Exactly What Icici Group Did Recently.

Ramnath, 47, now plans to start her own venture shortly. She took the venture's corpus to a smashing $2 billion in private equity, buyouts, and real estate and mezzanine assets in the last 6-8 years. Befor...

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