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BS Awards to celebrate corporate excellence today

BS Reporter  |  Mumbai 

Bajaj Auto Chairman Rahul Bajaj, will receive the 'Lifetime Achievement Award' and Motherson Sumi CEO Vivek Chaand Sehgal will receive the 'CEO of the year' award today in Mumbai
Bajaj Auto Chairman Rahul Bajaj, will receive the ‘Lifetime Achievement Award’ and Motherson Sumi CEO Vivek Chaand Sehgal will receive the ‘CEO of the year’ award today in Mumbai

Many of India Inc's A-listers will celebrate the success of some of their peers who have achieved corporate excellence, at the Business Standard Awards function in Mumbai on Thursday. Apart from the winners, the stars will be Guest of Honour Manohar Parrikar, defence minister, and Chief Guest Nandan Nilekani, co-founder of Infosys & former chairman of UIDAI.

Nilekani, the man who brought in disruption, first in the world of technology processes and then in delivery of government services, will speak on 'The coming great disruption' at the function.

The awards will be given to 13 outstanding individuals and institutions who took their respective fields of operations to newer heights while delivering on scale, solidity and quality. They were chosen by three separate juries comprising some of the most respected names in India Inc. While the corporate excellence awards were chosen by a jury led by R C Bhargava, chairman of Maruti Suzuki, the Banker of the Year was selected by one headed by Rakesh Mohan, former executive director of the International Monetary Fund and former deputy governor of the Reserve Bank of India.

The Fund Managers of the Year were selected by a jury led by G N Bajpai, former chairman of the Securities and Exchange Board of India and Life Insurance Corporation of India and currently chairman of the Board of Trustees, NPS Trust. While Vivek Chaand Sehgal, CEO and MD of Motherson Sumi, will get the "CEO of the year" award, Eicher Motors will receive the "Company of the Year" award.

Rahul Bajaj, chairman of Bajaj Auto, will receive the "Lifetime Achievement Award" and the "Banker of the year" award has been won by Axis Bank MD and CEO Shikha Sharma.

Ola Cabs, which scored very high on innovation and changed the business segment through a transparent business model, is the "Start-up of the year" and Abbott India and Container Corporation are the "Star MNC of the year" and "Star PSU of the year," respectively.

The "Fund Manager-Equity" award will be given to R Janakiraman and Roshi Jain of Franklin Templeton Investments while the "Fund Manager-Debt" award for the year will go to Santosh Kamath and Kunal Agrawal of Franklin Templeton Investments.

A new category of awards - the "Public Institution of the Year" - has been won by the Centre for Science and Environment (CSE) for its involvement in advocacy and making a significant impact on public life.

The winners were chosen not only after a rigorous assessment of data, but also their ability to deliver in future. "We looked carefully at success that can endure," said McKinsey India MD and McKinsey Inc director Noshir Kaka, a jury member. Besides Bhargava, the other members of the jury for corporate excellence were KKR India CEO Sanjay Nayar, EY India CEO and Country Managing Partner Rajiv Memani and Cyril Amarchand Mangaldas Managing Partner Cyril Shroff.

Apart from Mohan, the jury for selection of best banker comprised Edelweiss Group chairman and CEO Rashesh Shah, Ican Investment Advisors chairman Anil Singhvi, Bank of Baroda's former chairman M D Mallya, and Ambit Capital CEO (institutional equities) Saurabh Mukherjea.

The members of the Bajpai-led panel that chose the Fund Managers of the year were Vibhav Kapoor, director & group CIO, IL&FS; Pradip Shah, chairman, IndAsia Fund Advisors; and Ashvin Parekh, managing partner, APAS LLP.

First Published: Thu, February 18 2016. 00:55 IST