Today India is a force in a global economy with the high demand for talent. A key source of talent is educated Indian women. While Indian corporations are not yet have fully recognized or not utilized this talent pool. The growing gender diversity in Indian managerial ranks now offers a pathway for change in Indian women. While change is slow for Indian women to gain executive positions, they have made change in management in a relatively short time. An attempt has been made in the present paper to try and understand challenges and opportunities of the women in the top management positions. Further, the thoughts of different women across the organizations in top management positions are highlighted in their own words. Through empirical research, this article brings out the factors hindering the growth of women in management. Strategies which can be adapted by the women to face the challenges are highlighted at the end. Key Words: Talent pool, Gender diversity, Challenges, Opportunities