Identity narratives enhance the understanding of women's leadership, but there exist very few in-depth analyses of negative identity tensions that influence agency. In this study, we examine the negative identity tensions of well-to-do women from small towns in India, who hold two leadership positions: organizational and social movement. We borrow from the discourse on well-to-do women's participation in social movements in India to draw on the notions of identity, perceptions of feminism, and patriarchal challenge. Our data are derived from 49 in-depth interviews with women leaders. Findings from qualitative analysis and creation of a composite narrative show that negative identity tensions arising from two leadership positions are gendered in nature. Furthermore, agency is (i) contingent on one's reflection on challenges, (ii) rooted in an underlying principle, and (iii) practiced through the mechanisms of "managing femininity, " a concept that is widely discussed in the Western paradigms of postfeminism and neoliberalism. This paper contributes to the feminist dialog on the global South in the context of gender, class, and geographical location intersection by revealing certain non-Western ways of managing femininity.However, in the process, the hegemony of Indian men remains intact.