Kalpana Morparia is an Indian banker. She was associated with
ICICI Bank
ICICI Bank Limited is an Indian Private bank. It is headquartered at Mumbai. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiari ...
for thirty three years. She was the Chief Executive Officer of
South and Southeast Asia, JPMorgan, the Indian extension of a 2.1 trillion dollar American company. Kalpana serves as an independent Director on the Boards of several leading Indian companies. A graduate in law from
Bombay University
The University of Mumbai is a collegiate, state-owned, public research university in Mumbai.
The University of Mumbai is one of the largest universities in the world. , the university had 711 affiliated colleges. Ratan Tata is the appointed ...
, Morparia has served on several committees constituted by the Government of India. She is ranked by
Fortune magazine
''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The ...
as one of the fifty most powerful women in international business.
Early life
Kalpana Morparia, youngest of her three sisters, was born on 30 May 1949 in a Lohana family of Bhawandas and Lakshmiben Tanna. At a young age, her father died. At 16 years old, she completed her schooling and joined
Sophia College for Women
Sophia College (Autonomous) is an undergraduate women's college established in 1941 by Society of the Sacred Heart of Jesus. It is affiliated to the University of Mumbai. The governing body of The Society for the Higher Education of Women in In ...
to study Science and then she was a B.Sc graduate with Chemistry by 1970. Later she pursued a Degree in Law.
Career
She took up teaching after completing graduation but had to take a break for 11–12 months as she developed speech complications and had to remain confined to home. Her elder sister Parul Thakker had studied law and was associated with a solicitor’s firm. She decided to follow the same and got admitted in a law college. Meanwhile, she married Jaisingh. She completed her law degree and joined in 1974 a law firm named Matubhai Jamiyatram and Madon, a law firm at no pay. In 1975, she joined ICICI to work at their legal department. The management began to entrust her with various responsibilities. In 1991 the management sent her to the
USA
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
to study
capital market
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...
in America where she worked at New York's David Polk and Wardwell for three months. She was responsible for the birth of ICICI bank which she got listed with the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
in 1999. She facilitated the merger of ICICI bank with ICICI in 2002.
Business advancement
Kalpana worked in the legal department of ICICI from 1975 to 1994. In 1996 she was designated as General Manager. Then she was in charge of the legal, planning, treasury and corporate communications departments. In 1998, she was designated a Senior General Manager of ICICI. She joined the Board of Directors of ICICI in May 2001. In May 2002 the board appointed Morparia as an Executive Director. Again in 2006 April she was designated as the Deputy Managing director. Thereafter she was made the joint Managing Director. She was then in charge of the Corporate Centre with responsibilities such as transaction processing and operations for wholesale, retail, rural and international banking, strategy, risk management, compliance, audit, legal, finance, treasury, secretarial, human resources management, corporate communications and facilities management and administration functions. For a period of five years from 1 June 2007 to 2012, she was the Chief Strategy and Communications Officer. Today she is the CEO of J P Morgan, she is also the independent Director of Dr. Reddy's Lab, Bennet & Colman, CMC Limited of Tata Consultancy. She looks after the philanthropic work of
Bharati Foundation run by
Sunil Mittal
Sunil Bharti Mittal (born 23 October 1957) is an Indian billionaire entrepreneur, philanthropist and the founder and chairperson of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospit ...
of
Airtel
Bharti Airtel Limited, commonly known as (d/b/a) Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands. Currently, ...
. It is engaged with construction of schools in Punjab, Haryana, Uttar Pradesh, West Bengal and Tamil Nadu and adopts neglected schools.
Achievements
*Kalpana has been instrumental in the ICICI Group's major corporate structuring initiative - ''the merger of ICICI Limited with ICICI Bank'', to create India's second-largest bank.
*Morparia was named one of ‘''The 50 Most Powerful Women in International Business''’ by Fortune magazine in 2008.
References
{{DEFAULTSORT:Morparia, Kalpana
1949 births
Living people
Indian women bankers
Indian bankers
Sophia College for Women alumni