Ajay Anand, Director of Abhibhyaki Resources said "Indian industries are continuously on growing mode, but if we talk about gender variation we are no where standing in compare to world,".

"Major reason behind this is our 15-20 years old strategy and mentality, because to reach on CXO level at least you required well experienced person who can handle the company or entire group," he added.

"Now current scenario has totally changed, on mid level positions you'll able to find almost 30-35 per cent female employees. It's sure after few years women's are going to participate on this level equal to male members," he said.

In some developed countries, the situation is not much better as well, as countries like Cananada has only 11 per cent female directors followed by Ireland (10.76 per cent), Spain (10.05 per cent) New Zealand (9.43 per cent) and Switzerland (8.56 per cent). The countries with extremely low percentage of women on board incorporate Saudi Arabia (0.23 per cent), Qatar(0.65 per cent) and UAE (0.99 per cent).

"To participate more on these senior level positions women¿s are needed to change their mentality also. They have to come out from their traditional functional area of interest like HR, sales, marketing, business development and other revenue generating functions for company," Ajay said.