This study explores the attributes of effective leadership from the followers’ perspective in the context of Indian power sector. The survey respondents (n = 105) were senior level executives working in the selected organization. Various leadership attributes were determined to measure their predictability on overall leadership effectiveness. Three separate multiple regression analyses were conducted to analyze the hypotheses of the study. The constructs related to each dimension, i.e., intellectual, managerial and emotional and social dimension were regressed against leadership effectiveness separately. Among intellectual dimension variables, only Internal Customer Orientation, Community Orientation and Creativity were found significant. Further, Communication, Performance Orientation and Developing and Empowering were the managerial dimensions found significant in predicting leadership effectiveness.