The role of women worldwide is undergoing a dramatic change. Women today share the podium with men in almost all the fields, be it in kitchen or in defence. Workingwomen are no longer a rarity and are now accepted as an integral part of the working force. Indian organization has experienced a steady increase in the number of women employees and this pattern is bound to continue in the future as well. Women recently began to join the ranks of managers in large number. The paper, 'Women Managers: From Myths to Reality addresses the impact of external and internal environment, facilitators and inhibitors of growth, roadblocks face by women and the road ahead. The paper explores the multifaceted world of women which changes like a kaleidoscope with every responsibility, accountability and multiple pulls and pushes from diverse settings and people.