Four Indian business leaders have made it to Forbes' 13th World's 100 Most Powerful Women list that was announced on Monday. These include State Bank of India Chairperson Arundhati Bhattacharya (pictured above), ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar, Chairman and Managing Director of Biocon Kiran Mazumdar Shaw, and Chairperson and Editorial Director of HT Media Ltd, Shobhana Bhartia.

While Bhattacharya leads the Indians on the list, holding the 25th rank, while Kochhar stands at 40, Mazumdar Shaw at 77 and Bhartia at 93.

German Chancellor Angela Merkel again topped this year’s list for the sixth year in a row. She was followed by United States Democratic presidential frontrunner Hillary Clinton and US Federal Reserve Chairperson Janet Yellen in the second and third spots. Others include International Monetary Fund MD Christine Lagarde, Michelle Obama, South Korean President Park Geun-hye, and Taiwan President Tsai Ing-wen.

“The 100 most powerful women on the list represent seven categories or power bases: billionaires, business, finance, media, politics, philanthropists and NGOs, and technology,” said a Forbes statement.