Shikha Sharma

Shikha Sharma (born 19 November 1958) is the managing director and CEO of Axis Bank, the third largest private sector bank in India. Sharma joined
Shikha Sharma
Axis Bank in 2009 and has focused on strengthening its retail lending franchise, enlarged its investment banking and advisory capabilities and developed
a comprehensive portfolio of products.[1]

Contents
Early life and education
Family
Career Shikha Sharma
Achievements Born 19 November 1958
Awards and recognition India
References Residence India
External links Nationality Indian
Alma mater Lady Shri Ram
College for Women
Early life and education IIM Ahmedabad
Daughter of an officer in the Indian Army, Shikha was born on November 19, 1958.[2][3] As her father was an army man, the Sharma family travelled all Occupation Banker
over the country and Shikha attended seven schools in as many cities before finishing her schooling from Loreto Convent in Delhi.[4] She went on to do
Title CEO, Axis Bank
BA (Honours) in Economics from the Lady Shri Ram College for Women (LSR) in Delhi and MBA from IIM Ahmedabad. She also holds a post-
graduate diploma in Software Technology from the National Centre for Software T
echnology in Mumbai. Term 2009-
Spouse(s) Sanjaya Sharma
According to a Business Standard report,[5] “Physics was her first choice for an undergraduate course but she settled for economics because the former
Children 2
was not offered by LSR. But she has no regrets as economics gave her enough opportunity to prove her formidable skills in maths — a subject very close
to her heart.”

Family
Sharma is married to Sanjaya Sharma, her batch-mate at IIM-A. Sanjaya is the ex- Chief Executive Officer of Tata Interactive Systems. The couple have two children, Tilak and Tvisha,[6] Sharma has
two younger brothers who are cardiologists.

Career
Sharma has more than three decades of experience in the financial sector having begun her career with ICICI Bank in 1980. In her 29-year tenure with the ICICI group, Sharma was instrumental in
setting up ICICI Securities – a joint venture between ICICI andJ.P. Morgan, besides setting up various group businesses for ICICI, including investment banking and retail finance. In her last assignment
[7]
at ICICI, as Managing Director & CEO ofICICI Prudential Life InsuranceCompany, she built and contributed remarkably to make it the number 1 private sector Life Insurance Company in India.

Achievements
Since Sharma's appointment as MD & CEO of Axis Bank in 2009, the bank’s stock has gained over 90%.[8] After one and half year of her appointment as MD & CEO Axis Bank acquired Enam
Securities. The bank's compounded annual net profit growth rate was above 20 per cent in the three years ending 2014-15. The bank’s net non-performing asset ratio was 1.34 per cent as of March 2015,
much lower than the 4.4 per cent for the banking sector as a whole. Net profit in 2015-16 rose 18.3 per cent to Rs 7,358 crore, operating profit was up 24 per cent at Rs 3,582 crore, while net interest
income grew 19 per cent to Rs 14,224 crore. Advances grew 22 per cent and deposits were up 15 per cent during the year, both higher than the industry. The share of low-cost current account savings
[9] The Bank continued its international expansion during the year and opened a Representative Of
account (CASA) deposits remained stable at 45 per cent, a high ratio. fice in Dhaka.[10]

Under Sharma’s leadership, Axis Bank has received many awards notably, 'Bank of the Year in India' for the year 2014 by The Banker Magazine, Financial Times. The Bank was conferred the
Certificate of Recognition for excellence in Corporate Governance by the Institute of Company Secretaries of India (ICSI), for the year 2015.[11] The Bank was ranked as the 'Most Trusted Private
Sector Bank' second year in a row - 'Most Trusted Brand Survey', conducted by Brand Equity, Economic Times.[12] Axis Bank was ranked No 1 company to work for in the BFSI sector - 'The Best
Companies to Work for' survey by Business Today in 2013.[13] As an acknowledgement of her efforts, Harvard Business Schoolpublished a case study on Managing Change at Axis Bank in 2013.
[14]

The Bank's CSR arm, Axis Bank Foundation, won the title of ‘Outstanding Corporate Foundation’ as part of the Forbes India Philanthropy Awards 2014. Axis Bank Foundation has set a target of
[15]
providing sustainable livelihood to one million households by 2017.

Awards and recognition

'Banker of the Year' for 2014-15 by BusinessStandard[16]
AIMA - JRD Tata Corporate Leadership Award for the Year 2014[17]
'India's Best Woman CEO' by Business Today- 2013[18]
ear’ at AIMA’s Managing India Awards – 2012[19]
'Transformational Business Leader of the Y
wards – 2012[20]
Woman Leader of the year’ at Bloomberg - UTV Financial Leadership A
Businessworld’s Banker of the Year Award - 2012[21]
Forbes List of Asia’s 50 Power Business Women - 2012[22]
Indian Express Most Powerful Indians – 2012[23]
India Today Power List of 25 Most InfluentialWomen - 2012[24]
Finance Asia’s Top 20 Women in Finance - 2011[25]
Business Today ‘Hall of Fame' – 2011[25]
omen in Business – 2011[25]
Fortune Global and India list of 50 Most Powerful W
Businesswoman of the Year at the Economic Times Awards – 2008[25]
Entrepreneur of the Year – Manager at the E&Y Entrepreneur Awards - 2007[25]
ear, CNBC TV 18’s Business Leader Awards[25]
Outstanding Businesswoman of the Y
References
1. "Forbes India Magazine - The Quiet Architect: Shikha Sharma has magically
transformed Axis Bank in a short span"(http://forbesindia.com/article/leaderhip-award
s-2014/the-quiet-architect-shikha-sharma-has-magically-transformed-axis-bank-in-a-s
hort-span/38805/1). forbesindia.com. Retrieved 2016-02-09.
2. "The Liberal Banker" (http://www.livemint.com/Leisure/9jXICHU4eVtCcWI5DHh69I/Sh
ikha-Sharma--The-liberal-banker.html). Mint. 14 June 2014.
3. "Bankable Star - Shikha Sharma"(http://www.businesstoday.in/magazine/special/mos
t-powerful-women-in-business-2011-shikha-sharma/story/18322.html). Business
Today. 18 September 2011.
17.
4. "Prudent gleanings: Shikha Sharma's success story"(http://economictimes.indiatime
s.com/features/the-leisure-lounge/prudent-gleanings-shikha-sharmas-success-story/a
rticleshow/3532276.cms). The Economic Times. 27 September 2008. Retrieved
27 January 2014. 18.
5. "Lunch with BS: Shikha Sharma"(http://www.business-standard.com/article/opinion/lu
nch-with-bs-shikha-sharma-110021600095_1.html) . Business Standard. 16 February
2010. Retrieved 27 January 2014.
6. "Head to head!" (http://www.dnaindia.com/lifestyle/report-head-to-head-1269059).
DNA. 27 June 2007. Retrieved 27 January 2014.
7. "The Axis Bank MD and CEO's achievements are formidable"(http://www.businessto
day.in/special/most-powerful-women-in-business-2011-shikha-sharma/story/18322.ht
ml). www.businesstoday.in. Retrieved 2016-02-09.
8. "Shikha Sharma gets a salary hike"(http://www.business-standard.com/article/compa
nies/shikha-sharma-gets-a-salary-hike-113051600522_1.html) . Business Standard.
16 May 2013. Retrieved 27 January 2014.
9. "A new template for success"(http://www.business-standard.com/article/finance/a-ne
w-template-for-success-116010601294_1.html) . Retrieved 2016-02-09.
10. "Axis Bank enters Bangladesh, opens representative office in Dhaka" (http://www.theh
indu.com/business/axis-bank-opens-representative-office-in-dhaka/article7905464.ec
e). The Hindu. 2015-11-22. ISSN 0971-751X (https://www.worldcat.org/issn/0971-751
X). Retrieved 2016-02-09.
11. "Axis Bank receives Certificate of Recognition for excellence in Corporate
Governance by the Institute of Company Secretaries of India (ICSI)"(https://www.icsi.
edu/Docs/Website/PRESS%20RELEASE%20FOR%20CORPORATE%20GOVERNA
NCE%20AWARD.pdf) (PDF).
12. "Most trusted brands ranked by category"(http://articles.economictimes.indiatimes.co
m/2014-10-22/news/55318977_1_private-sector-banks-trusted-brands-psu-banks) . 2012. Retrieved 27 January 2014.
timesofindia-economictimes. Retrieved 2016-02-09.
13. "Why Axis Bank is among the best companies to work for"(http://www.businesstoday.i
n/cover-story/best-companies-to-work-for-axis-bank/story/196690.html)
.
www.businesstoday.in. Retrieved 2016-02-09.
14. Case Study, HBR (March 28, 2014)."Managing Change at Axis Bank"(https://hbr.org/
product/managing-change-at-axis-bank-a/114082-PDF-ENG). Harvard Business
Review.
15. "Fixing The Big Picture: Axis Bank Foundation"(http://forbesindia.com/article/philanth
ropy-awards-2014/fixing-the-big-picture-axis-bank-foundation/39287/0). Forbes India.
6 January 2015. Retrieved 2 January 2015.
16. "BS Banker of the Year is Shikha Sharma" (http://www.business-standard.com/article/
finance/bs-banker-of-the-year-is-shikha-sharma-116010700053_1.html) . Retrieved
2016-02-09.
"AIMA - JRD TATA Corporate Leadership Award 2014" (https://www.aima.in/conferen
ces-events/awards/aima-jrd-tata-corporate-leadership-award.html)
. www.aima.in.
Retrieved 2016-02-09.
"Business Today listing of India's Best CEOsin 2013" (http://www.businesstoday.in/co
ver-story/best-ceos-of-india-inc-2013-business-today-survey/story/201299.html)
.
www.businesstoday.in. Retrieved 2016-02-09.
19. "AIMA acknowledges the excellence of India"(https://web.archive.org/web/20140202
195740/http://www.aima.in/media-centre/press-releases/aima_acknowledges_the_ex
cellence_of_india.html). All India Management Association. 18 April 2012. Archived
from the original (http://www.aima.in/media-centre/press-releases/aima_acknowledge
s_the_excellence_of_india.html)on 2 February 2014. Retrieved 27 January 2014.
20. "BloombergUTV honours India's financial leaders and visionaries"(http://www.afaqs.c
om/news/company_briefs/index.html?id=53715_BloombergUTV -honours-Indias-finan
cial-leaders-and-visionaries). afaqs.com. 10 April 2012. Retrieved 27 January 2014.
21. "MAGNA AWARDS 2012" (https://web.archive.org/web/20140204023929/http://www .
businessworld.in/news/more/bw-events/people-to-bank-on/718040/page-1.html) .
Business World. 8 January 2013. Archived fromthe original (http://www.businessworl
d.in/news/more/bw-events/people-to-bank-on/718040/page-1.html)on 4 February
2014. Retrieved 27 January 2014.
22. "Asia's Women In The Mix, 2013: The Year's Top 50 for Achievement In Business"(ht
tps://www.forbes.com/sites/forbesasia/2013/02/27/asias-women-in-the-mix-2013-the-
years-top-50-for-achievement-in-business/). Forbes. 27 February 2013. Retrieved
27 January 2014.
23. "Most Powerful Women" (http://btmostpowerfulwomen.com/2013/shikha-
sharma.html). Business Today. August 2013. Retrieved 27 January 2014.
24. "25 power women and their inspiring stories"(http://indiatoday.intoday.in/story/25-mos
t-influential-women-vidya-balan-kareena-kapoor/1/177016.html) . India Today. 9 May
25. "Shikha Sharma" (http://www.nasscom.in/sites/default/files/Speakers/Shikha%20Shar
ma%20-%20Final_0.pdf)(PDF). NASSCOM. 2012. Retrieved 27 January 2014.

External links
Axis Bank board of directors

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