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Reformers dominate Economic Times Awards

Mumbai, Oct 7 (IANS) It was a mixture of Indian corporate biggies, top women entrepreneurs, a suave bureaucrat and a skilful politician that walked away with this year's Economic Times Awards for Corporate Excellence here.

Saturday, October 7, 2006 | 9:41:17 AM IST (+05:30 GMT)
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Mumbai, Oct 7 (IANS) It was a mixture of Indian corporate biggies, top women entrepreneurs, a suave bureaucrat and a skilful politician that walked away with this year's Economic Times Awards for Corporate Excellence here.

Montek Singh Ahluwalia, deputy chairman of the Planning Commission emerged as the jury's favourite to win the 'Policy Change Agent of the Year Award' in the first year of its institution.

Finance Minister P. Chidambaram bagged the 'Business Reformer of the Year Award' for managing to push forward his reform agenda in face of stiff opposition.

Prime Minister Manmohan Singh gave away the awards at a glittering ceremony at the Jamshed Bhabha theatre in India's business capital Friday night.

Mukesh Ambani, chairman of Reliance Industries, India's largest private sector company, bagged the 'Business Leader of the Year Award' for bouncing back from the family split to drive his company on a new growth graph.

The prestigious 'Global Indian of the Year' title was awarded to Indra Nooyi, chief executive designate of PepsiCo, for securing the top spot at the iconic US company and also being ranked as the world's most powerful businesswoman by the Fortune magazine.

Azim Premji was named the 'Corporate Citizen of the Year' for the Premji Foundation's tireless work in educating primary school children.

Tata Consultancy Services (TCS), Asia's largest software services firm, was awarded the 'Company of the Year' for taking India's software industry to a global pitch and its sterling accomplishments in boosting shareholder value.

The 'Businesswoman of the Year Award' went to Mallika Srinivasan, director of Tractors and Farm Equipment (TAFE), for transforming a traditional business enterprise into a successful enterprise in her unique way.

Amtek Auto was given the title of the 'Emerging Company of the Year' for successfully spotting opportunities in the auto component industry and becoming a serious global contender in a very short time.

H.K. Mittal of Mercator Lines bagged the 'Entrepreneur of the Year' award for the commendable work in turning his shipping company into a successful challenger to the established shipping giants.

Narayan Vaghul, chairman of ICICI Bank, was honoured with the 'Lifetime Achievement of the Year Award' for his exceptional service to the banking industry and turning a struggling bank into one of India's most successful enterprises with his vision and foresight.

Copyright : Indo-Asian News Service
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