Show me the money: Kalpana Morparia
November 11, 2010Kalpana Morparia
61, Chief Executive Officer, J.P. Morgan India
(Number of times in BT's Most Powerful list: 5)
Morparia is also clear that business sense matters more than glory. J.P. Morgan India was not among the six investment banks that took the $3.47-billion Coal India initial public offering to investors.
Morparia would rather get involved in big-ticket transactions where there is a chunky fee to be picked up - like, for instance, the $1.9-billion listing of Essar Energy on the London Stock Exchange in May. The issue price had to be lowered because of volcanic ash from Iceland and the economic crisis in Greece, but Morparia maintains that "the issue was well priced and well received."The disinvestment boom is not on her front burner. "I have a clear focus on the bottom line," says Morparia.