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Three other Indian-origin expat CEOs rank high: Sundar Pichai of Google is at 5, Shantanu Narayan of Adobe at 6, and Puneet Renjen of Deloitte at 14.
Padma Bhushan is the third-highest civilian award in the country, after Bharat Ratna and Padma Vibhushan.
Microsoft Corp on Wednesday announced that the board's independent directors unanimously elected Nadella to the role of board chair.
Microsoft will become the official Artificial Intelligence Partner and an Official Cloud and Laptop Partner for the NBA, Women's National Basketball Association, NBA G League, and USA Basketball beginning with the 2020-21 NBA season.
Speaking at the World Economic Forum Annual Summit, Nadella said it also needs to be ensured that the huge data being used with consent is for the good of the society.
The focus on clearing carbon from the atmosphere sets Microsoft's climate goals apart from other corporate pledges which have focused on cutting ongoing emissions or preventing future ones.
Microsoft's Indian-origin CEO Satya Nadella has voiced concern over the contentious citizenship law, saying what is happening is "sad" and he would love to see a Bangladeshi immigrant lead a multinational company in India.
Every country will and should define its borders, protect national security and set immigration policy accordingly, says the Microsoft CEO.
Telangana Chief Secretary SK Joshi, Special Chief Secretary Somesh Kumar and DGP Mahendar Reddy and several in-service and retired civil servants were present at the crematorium.
Sony's deal with Microsoft comes at a time when the Japanese firm's gaming business is losing some steam as its PlayStation 4 (PS4) console nears the end of its life.