The list of recipients of India's biggest, most anticipated business awards ---
The Economic Times Awards for Corporate Excellence 2011 -- is finally out.
Chanda Kochhar, managing director of ICICI Bank, the country's largest private
sector lender, has been named Business Leader of the Year while the 75-year
young Bajaj Auto has raced ahead of other nominees to bag the Company of the
The selection of Chanda Kochhar is significant as she is the first woman to win
the award. The jury recognized her achievement in stabilising ICICI Bank, which
had accumulated an undesirably high proportion of non-performing assets during a
period of rapid growth in the first decade of the century.
Sweet success in the form of the Emerging Company of the Year Award has gone to
Shree Renuka Sugars, whose managing director, Narendra Murkhumbi, won the
Entrepreneur of the Year award in 2010. The new Entrepreneur of the Year is
Rahul Bhatia, Group Managing Director, InterGlobe Enterprises, best known as the
owner of IndiGo, an airline that has managed to maintain its upward trajectory
even in the roughest of weather.
Over the years, ET's Global Indian Award has come to be recognised worldwide as
a prestigious accolade, one that its recipients gladly fly across the world for.
This year, the recipient is Vikram Pandit, CEO of Citigroup Inc, who has
successfully steered his organization back from the brink after the crises that
hit the American financial sector.
In the Corporate Citizen of the Year award category, ET pulled a surprise by
naming, not a corporate trust, but a successful business organization. The
Gujarat Cooperative Milk Marketing Federation, owner of the Amul brand, has
received much deserved recognition for its role in turning India into the
largest milk producer in the world.
As citizens across the country are having their retinas scanned for their
Aadhaar card, ET has recognized the contributions of its prime mover, Nandan
Nilekani, Chairman, UIDAI, with the Policy Change Agent of the Year Award.
And finally, the most poignant of ET's Awards is arguably the Lifetime
Achievement Award. This year's recipient, former RBI governor Y V Reddy, joins a
list of doyens that includes Dhirubhai Ambani, Verghese Kurien, Rahul Bajaj and
The jury for the ET Awards For Corporate Excellence was led by Jamie Dimon, CEO
and chairman of JP Morgan Chase & Co, and included HDFC chairman Deepak Parekh,
ICICI Bank chairman emeritus K V Kamath, Mahindra & Mahindra CEO Anand Mahindra,
Aditya Birla Group chairman Kumar Mangalam Birla, Unilever COO Harish Manwani
and Zia Mody, senior partner, AZB & Partners.