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In the 13th position was the late Chairman & Managing Director of ONGC, Subir Raha. The sole public-sector Indian CEO featured in the top 20, Raha’s tenure from May 2001 to 2006 made ONGC’s market capitalization skyrocket by over 10 times.

Under Raha’s guidance, ONGC emerged as one of the most profitable E&P oil companies globally, a testament to his unwavering commitment and strategic decision-making. Moreover, ONGC’s recognition as India’s most valuable corporate by market capitalization is a testimony to Raha’s enduring legacy.

The Harvard Business Review survey is widely regarded as the gold standard for assessing CEOs’ performance. Their criteria included evaluating long-term success, shareholder returns, and global business acumen. Raha’s exceptional leadership earned him a well-deserved spot among the world’s business elite.

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