He was a quiet man with a wicked sense of humor, filled with wisdom. Once you even glimpse that place you are on a new journey.Business, arts and philanthropy can all be accommodated in a balanced lifestyle. Let's be a good industry that does 100% of what it possibly can - not grudgingly but willingly." for only $11.00 $9.35/page. Through the Krishnamurthy Tandon Foundation, she and her husband Ranjan Tandon have donated to many educational causes, including a very transformative $100 million to the NYU (New York University) Tandon School of Engineering. With Indra at the helm, PepsiCo's revenue doubled in 12 years to reach US$63.5 billion, half of it coming from the healthier product categories (up from 38% in 2006). Factset: FactSet Research Systems Inc. 2018. In a fascinating interview filled with delightful anecdotes of her childhood, her school days and her career, the former CEO and Chairperson of Pepsico has s. He dressed in a perfectly pressed white dhoti and a light-colored half-sleeve shirt. I often refer to the Greek philosopher Epictetus saying: We have two ears and one mouth, so that we can listen twice as much as we speak. My father was a living example of this. From my earliest days, I played on the swing with my older sister, Chandrika, and my younger brother, Nandu. Shes come full circle now, as her daughter Lita, also an executive at McKinsey, has given birth to her first child, making Tandon a recent grandmother. In her new memoir, "My Life in Full . I was never in doubt that the head of the household and of the family resided in the mens living room. I am on a quest to lose myself. My paternal grandfather, a retired district judge, had used all of his savings to design and construct this grand, two-story residence, with its terrace and balconies. Leaders embracing a business approach driven by purpose are likely to be more profitable in the long-term than an attempt to maximise shareholder value, Suri sums up. Life was frugal, but a sense of clockwork discipline bound Nooyi, her sister Chandrika, and brother, Nandu one that was silently instilled by their pragmatic parents, under the watchful eyes of thatha (grandfather). An international leader in corporate business, Indra Nooyi is a visionary known for her keen intellect, strategic thinking, can-do attitude, and consistently demonstrating a commitment to sustainability and corporate responsibility to society as a whole. Brother - Narayan Krishnamurthy. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. She's 52 years old and does not plan for this job to be her last. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneur from a young age. It is like quieting ones mind and internal chatter for concentrated periods of time. He was adept at walking away from any tense situation without exacerbating it.
Indra Nooyi accomplished all of that and much more in her tenure as PepsiCo CEO. I lived with the CEO and the management teamand restored the bank to profitability, which made waves in the market. This requires courage, and the confidence and security of knowing who and what you are a work in progress, Suri explains. It changes relationships within the family and it changes the relationship with yourself. Music and spirituality have been the twin graces of Tandons life, be it starting the day with, She says, If I had to rewind my life, I would add more compassion to it. As a woman who has held her own in male-dominated industries for more than two decades, here are some of Indra's pearls of wisdom for running a multibillion-dollar company. She adopted her husband's surname after marriage. Indra Nooyi. . Life is certainly much more than the next big business deal or the next acquisition. Sister - Chandrika Krishnamurthy Tandon (playback singer) Religion. I didn't.. But he spent almost all his time in the mens living room, a grand hall with windows all around and a wall clock that rang at the half hour and hour. On very hot days, we drank kanji, a mix of cooked rice soaked in water overnight, and then blended with diluted buttermilk. Jump to the present Chandrika Tandon now a business leader, Grammy-nominated artist and philanthropist is set to receive the2019 Horatio Alger Award for Distinguished Americans. From my earliest days, I played on the swing with my older sister, Chandrika, and my younger brother, Nandu. 275 world-class musicians living across four continents, recorded largely in London, and mixed in New York. Then shed head back home to cook again. Yet Tandon is about much more than business or education she also proves that you can nurture and enrich a God-given talent in the most difficult situations. The culture changed to say, the strength of the company was our decentralized company. In this role, Ms Nooyi was the chief architect of Performance with Purpose, PepsiCo's pledge to do what's right for the business by being responsive to the needs of the world around it. Family. But theres more to life than the next big business deal. A local woman would arrive with the big, gray animal and milk her for the days supply. In the end, White decided to stay. In the fourth quarter of 2007, revenue went up 17%, to $12.3 billion, and operating profits rose 9%, to $1.7 billion. Listed among Time's 100 Most Influential People in The World in 2007 and 2008. Shed be dressed and in the kitchen when the milk was carried in, and soon deliver the first cup of coffee to Thatha and my father. At 24, Tandon arrived in America to interview for a job at McKinsey & Co. She had no American degree, no green card, not even a coat or a Western outfit. As we worked through rehearsals, different ideas emerged about what worked on stage. with musicians, most of whom I had already worked with. At the event, Indra and Priyanka had talked about breaking barriers . We read British childrens novels by Enid Blyton, Richmal Crompton, and Frank Richards. Indra Nooyi's clearly Chennai's Beti No 1. For me, its become almost a meditation. The swing was a set piece for elaborate plays we wrote and performed, based on anything that caught our fancy. Awards and Milestones. Morningstar, Inc. All Rights Reserved. Once in a while, on weekends, she tucked flowers into our pigtails. Often, there would be power cuts and the house was plunged into darkness. My mother, who I call Amma, used that buffalo milk for the yoghurt, the butter and the delicious, aromatic South Indian coffee that were staples of our vegetarian diet. She says, We are changing not just individual lives but we are changing generations., For this high achiever, nurturing a rich inner life is as important, if not more so than material accomplishments. Music has made me understand perfection in a wholly different way. Her belief in education as a game-changer has made her take a pro-active role in higher education, especially for those in need. They need what you need -- building a culture of trust. This came from the top from our familys interpretation of centuries-old Brahmin values, from Indias mid-century mission to prosper as a newly independent nation and from Thathas world view. She speaks about biases she fights, the influence of "Bengali culture" in her life and . Meanwhile, archrival Coke (KO, Fortune 500) is gearing up to revive the cola wars with such products as calorie-free Coke Zero, which looks like a hit, and the company's newly acquired Vitaminwater lineup. Bubbling with the newfound knowledge of her success she left for home early only to be told by her mother to get some milk before she could break the news to her family members. That swing, with its gentle glide back and forth in the South Indian heat, set the stage for a million stories. Indra took that message to heart (as did her older sister Chandrika Krishnamurth, a Grammy nominated world musician and a financial advisor/trustee of New York University; and her younger brother Nandu Narayanan, founder and Chief Investment Officer of Trident Investment Management LLC in New York City). She had an elder sister and a younger brother. Proud mommy Shweta Bachchan Nanda took to her Instagram handle and shared a video snippet with a caption: Thats my little girl, in conversation with her absolute idol !! Indra Nooyi, (born October 28, 1955, Madras [now Chennai], India), Indian-born American businesswoman who was instrumental in the lucrative restructuring and diversification of soft-drink manufacturer PepsiCo, Inc.'s brands. BY Beth Kowitt. She told her mother the news, that she'd just been named the president of PepsiCo and her mother just wanted her to go out for milk. All rights reserved. The fight over the cholesterol medication is keeping a generic version from hitting the market. In this edition of Author Talks, McKinsey Global Publishing's Raju Narisetti chats with Indra Nooyi, former chairman and CEO of PepsiCo, about her new book, My Life in Full: Work, Family, and Our Future (Penguin Random House, September 2021). Nooyi, CEO of PepsiCo, and her sister Tandon, Grammy nominee and trustee of NYU. The original album was comprised of 279 musicians and artists from different genres and countries. Indra's elder sister Chandrika, an IIM Ahmedabad alumna, has a consultancy Tandon Capital Associates, while her brother . August 7, 2018. she asked. Indra received the Outstanding Woman in Business award by the League of Women Voters in Connecticut. All the major prayers like the Vishnu Sahasranamam were chanted in our home every day.. For Tandon, the joy is in being able to mentor so many young people in the schools and colleges she supports. Compassion allows you to give completely of yourself., (Right) Chandrika Tandon performing Shivoham at the Kennedy Center. There is no longer a free pass for the ugly American company: Should Baked Lays fail to live up to its health claims, it'll get bounced off the store shelf by regulators in Britain. We felt important. B.S. BJP leader, journalists booked for fake migrant workers attack reports in Tamil Nadu, WATCH: Sarpanches protesting at Chandigarh-Panchkula border against Haryana's e-tendering policy detained by police, CBSE Class 10th Science Question Paper 2023 easy with direct questions, check student and expert analysis. She is also a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. The trade fair was a three-day event which took place in the presence of leading manufacturers and traders of readymade and unstitched garments of ladies, gents and kids. We had no refrigerator. In a speech to the food industry in January, she pushed the group to tackle obesity. How is music a spiritual practice for you? DNA: 'Soft corner' for China in Rahul's heart? Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. She sings karaoke; she plays electric guitar. The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of our time she transformed PepsiCo with a unique . When recording the album, we used an extensive string section, and instruments like a harp and viola da gamba, as well as over 100 choir members from both Kolkata and London. these days. Indeed, the family name Nooyi is actually derived from the village name Nooyi of Gurpur-Kaikamba. She was surprised that her parents agreed to let her go abroad. We fell onto the shiny red-tiled floor and scrambled back on. #85 Indra Nooyi on the 2022 America's Self-Made Women - PepsiCo's former chair and CEO Indra Nooyi retired in 2019 after 24 years with the company, half Balancing traditional roles of daughter, wife, and mother with the demands of blazing a trail in the business world, shes also an ardent spiritual seeker, musician, and a passionate educational philanthropist. Business, arts, and philanthropy have all percolated into Tandons life and she has embraced each of them into a balanced lifestyle. When he talked, no one else did. For me, its become almost a meditation. But intellectually and in terms of opportunities, I never felt held back by my sex. In the early 1990s, Tandon risked her savings to found Tandon Capital Associates, a financial advisory company that restructured preeminent financial institutions worldwide, creating billions of dollars in market value for her clients. So leave that crown in the garage, Nooyi recalled in her post. She grew up in a home that thrived on music but never followed that path, engaged as she was with building a career. Aara Health is an organisation co-founded by Navya along with Mallika Sahney, Pragya Saboo and Ahilya Mehta in 2020. In our home, boys and girls were allowed to be equally ambitious. He had studied math and law, and, for decades, was a district and sessions judge deciding both civil and criminal cases. The Indian-American businesswoman said Covid-19 has served to . She fiercely advocates the need for employers to address the disconnect that exists between the corporate world and the stress of building families, through infrastructural and behavioural support, including childcare and eldercare provisions, healthcare policies, and paid leaves. The womens living room in my childhood home had a single piece of furniturea huge rosewood swing with four long chains that were anchored into the ceiling when my grandfather built the house, on a leafy road in Madras, India, in 1939. It was an iterative and very collaborative process, which was extremely rewarding. Decision-making as an art and a . The above address is for mailing and administrative purposes. Growing up as the first girl child in a traditional Tamil Brahmin family in Chennai, she was made to understand that an early arranged marriage was her destiny, with her mothergathering stainless steel utensilsfrom birth,for her eventual trousseau right when she was sixteen. We were in motion, laughing and carrying on to our next game. If the power was on, a fan turned lazily overhead, pretending to break the heat when the overnight temperature was 85F (29.5C). Vogue may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. White said he would sleep on it. (Photo: Yassine El Mansouri). Yet, not only did she land the job, but within a few years she went on to become a partner at this prestigious company, the first Indian-American woman to be selected for the position. M.A. They discussed politics, food, local gossip, clothes, religion, music, books. Navya Nanda is the granddaughter of Amitabh . She's cosmopolitan, rigorously educated, and a strategic thinker - her background is Boston Consulting Group - much more interested in the burgeoning markets in Russia and China than in the noisy U.S. cola wars. 2023 Cond Nast. She was named President and CEO of PepsiCo in 2006 becoming the fifth CEO in PepsiCos 44-year history. He had a Masters degree in mathematics and worked in a bank. MPW Former PepsiCo CEO Indra Nooyi explains why she 'never ever, ever' asked for a raise. Holi 2023: Why is Holi celebrated in India? "I believe we need an approach like this to attack obesity. They also made sure to instill the belief in Indra and her two siblings that they could become anything they wanted to be regardless of gender, encouraging all three of their children to dream big. DNA: Labor lynching video turned out to be fake, DNA: 'Supreme' decision on appointment of EC, DNA: Famous writer Anant Pai passed away on this day in the year 2011, DNA: For the first time in the year 1886, Aluminum was made in the laboratory. 2 Be open to feedback: Instead of fearing the critics slamming PepsiCo for unhealthy products, Nooyi learnt from them, changing the course of the company towards a more responsible and environmentally sustainable direction. When it came to business school, she wasactually one of only eight women in her batch atIIM Ahmedabad, at that time an-all male bastion. Kids were given a cup of Bournvita, a chocolate malt drink. in Business Wisdom. It might sound like a better idea to save your conclusion for the . She documented all the transactions on a paper cash register and balanced the accounts each week. It doesnt matter what you, as a leader of a family or corporation, tell people; its what you show them that registers. Years before she was revolutionising the path of PepsiCo, one of the largest consumer packaged goods companies in the world, as its CEO, a young Indra Nooyi, along with her siblings, would spend days playing, snoozing and singing on a huge rosewood swing set that graced the womens living room in their middle-class Madras home. Suri shares that such an approach ensures engaged, loyal and more productive employees. With the U.S. marketplace in slow-growth mode even in the best of times, the biggest opportunities are overseas. from Yale School of Management in 1978. Since her start as CEO PepsiCos annual net profit has risen from $2.7 billion to $6.5 billion, and under Indras strategic leadership PepsiCo launchedPerformance with Purposein 2009. When Indra Nooyi '80 first introduced the notion of making PepsiCo's food and beverage products healthier back in the 1990s, when she was the company's president and CFO, her colleagues were skeptical. For the past 12 years, Indra Nooyi has called the shots as chairman and CEO of PepsiCoone of the most recognized brands in the world. Apparel Manufacturers of India, the leading apparel group of manufacturers and traders has recently concluded the 10th edition of its trade fair in Chennai this week. 7 of 12. The clerk would wrap up the lentils, rice or pulses into a newspaper curled into a cone, and tie it with twine at the top. Her fourth album, ShivohamThe Quest, is a collaboration of over
community building. So one day, I'll cut the nails off. 5 Be empathetic: Whether as a Girl Scout eager to help all, or a CEO who writes thank-you letters to her employees parents, Nooyi is an empathetic leader. And I'm thinking to myself, I wish I had her maturity when I was her age. They are great mentors for the young people in its scholarship programme who have critical financial need and have shown determination in overcoming adversity. This path of service is what transforms life and helps all the pieces to fall into place, like a giant jigsaw puzzle. The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of our time she transformed PepsiCo with a unique vision, a vigorous pursuit of excellence, and a deep sense of purpose. Based on the pillars of Human, Environmental and Talent Sustainability the program is an effort to deliver sustained financial performance by providing a wide range of foods and beverages, finding innovative ways to minimize impact on the environment and providing a safe and inclusive workplace for employees globally as well as respecting, supporting and investing in the local communities in which PepsiCo operates. Get Tickets. Once you even glimpse that place, you are on a new journey.. We are engines of efficiency. White was Pepsi's best operations man - the kind of guy who would be indispensable in a downturn. Had no idea who Navya Nanda was, only saw an extraordinary businesswoman: Former Pepsi Co CEO Indra Nooyi. Eight weeks later, when she came home with Nandu, Amma was busier than ever, managing a new baby and all her previous activities, even though she was still recovering from major abdominal surgery. Don't . Her departure leaves only 24 women leading Fortune 500 companies, after Beth Ford became the CEO of Land O'Lakes just last week. The weakness of the company was a . If I had to rewind my life, I would add more compassion to it. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). Indra seems to understand this instinctively.". 1998-2022 INDIADOTCOM DIGITAL PRIVATE LIMITED, All rights reserved. Indra Nooyi didn't know Navya Nanda was Amitabh Bachchan's granddaughter when she mentored her, but was very impressed with her business acumen. Day after day, each meal was uniquely prepared, eaten and cleaned up, with no leftovers. But she always cooked us fresh meals that were packed into neat tiffin carriers and sent warm to school. Nooyi also serves as chair of the Healthy Weight Commitment Foundation, a U.S effort that brings together retailers, restaurants and food and beverage manufacturers to help reduce obesity, especially in children. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneurfrom a young age. Thatha believed that a good handwriting meant a good future.. They lived in different parts of the house. My daughter comes home from school, throws her bag, goes to play, but sitting in front of the computer because their definition of play has changed. Aara Health is an organisation co-founded by Navya along with Mallika Sahney, Pragya Saboo and Ahilya Mehta in 2020. Industry analysts at Bank of America say PepsiCo "is demonstrating great flexibility in a tough environment.". For Tandon, the joy is in being able to be a mentor to so many young people in the schools and colleges she supports. Indra was born in 1955 in Madras (now Chennai), India, to a conservative family in a society where males were favored and it was considered inappropriate for young girls to exert themselves. scholarships, and courses in contemporary musicmany pilots have occurred in India, impacting thousands of students. Says Nooyi: "I treat Mike as my partner. We played hide-and-go-seek, we climbed trees and picked the mangoes and guavas that grew in the garden surrounding the house. An experienced leader in the business world, Indra Nooyi has held executive positions at major companies all over the world. He earned a B.E. Ms Tandon defines tenacity and boldness characteristics that many of our Scholars also embody, says Terrence J Giroux, executive director, Horatio Alger Association. Life was frugal, but a sense of clockwork discipline bound Nooyi, her sister Chandrika, and brother, Nandu one that was silently instilled by their pragmatic parents, under the watchful eyes . 2019. On many days, we also wrote out two pages in handwriting notebooks to practice cursive usually the phrase the quick brown fox jumps over the lazy dog because it includes all 26 letters of the alphabet. Her fluency in the global arena is increasingly critical to the business. An intimate and powerful memoir by the trailblazing former CEO of PepsiCo. She has opened new musical worlds for students through the Berklee Tandon Global Clinics that offer workshops, artist residences,
How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Education: University of Madras (BS), Indian Institute of Management, Calcutta (MBA), Yale University (MS) Indra Nooyi is an Indian-American businesswoman, best known as the former chief executive officer of the PepsiCo company. Our website is a virtual hall and is the primary space for our exhibits and materials. Once we had the arrangements figured out, I collaborated
Most recently, Nooyi was chairman and . He is the president of an IT company called Amsoft System. She is a Successor Fellow of the Yale Corporation and was appointed by The Obama Administration to the U.S.-India CEO Forum. When I was a kid, I would come home from school, throw my bag, go out to play. In 2014, she was ranked at number 13 on the Forbes list of The World's 100 Most Powerful Women and was ranked the second most powerful woman on the Fortune list in . A vendor came a little later in the morning, selling fresh vegetablescauliflower, spinach, squash, pumpkin, potatoes, onions. Dear Fellow Associates, As I sat down to write this notemy last as CEOI felt a surge of emotions. Excerpted from My Life in Full:Work, Family, and our Future by Indra Nooyi with permission from Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House, LLC. This website uses cookie or similar technologies, to enhance your browsing experience
Parents, grandparents, aunts and uncles gathered to watch, holding bits of torn newspaper scrawled with the words one ticket. They felt free to critique our shows, or to start chatting, or simply walk away. I just saw her as this extraordinary businessperson, but very young. He warmly welcomed visitors, who almost always dropped by unannounced. From her school and college days in Madras/Chennai to her B-school years in IIM Calcutta, a sales trainee in Mumbai, and an immigrant student at Yale, it charts her ascent as a diligent, hard-working strategist who rose through the ranks at Motorola, The Boston Consulting Group, ASEA Brown Boveri and PepsiCo.
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