MBA not important to rise to be a CEO in top 500 companies in India

An MBA is not at all a must have to rise up the corporate ladder.

144 of the CEOs of BSE 500 companies, India's largest listed firms that make up 90% of its market capitalisation, have an MBA. There are 322 companies whose CEOs are not MBAs and it is evident that a B-school background may not be necessary to rise to the top -- even in the case of professional managers.