The list, released by Forbes, ranks 64-year-old Brazilian President Dilma Rousseff, who has a daughter, at second position.
Nooyi, 56, PepsiCo chairman and a mother of two, has been placed third. She says if her children call in the middle of a meeting, she takes the call. Sonia Gandhi, 65, mother of Priyanka and Rahul, was ranked ahead of US First Lady Michelle Obama (ranked 7) and Myanmar's democracy icon Aung San Suu Kyi (ranked 20).
According to the magazine, "power moms must develop unique strategies to succeed in both boardrooms and playrooms".
ForbesWoman analyzed the annual list of the world’s 100 most powerful women based on money controlled, decision-making power and multiple measures of influence, and teased out the moms who are at the top of their game.
The list also figured Melinda Gates, co-founder of Bill and Melinda Gates Foundation, Christine Lagarde, managing director of International Monetary Fund, and Sheryl Sandberg, COO of Facebook.