Televisionpoint.com Team At the first edition of CNBC-TV18's India Business Leader Awards, IBLA, 2005, Subir Raha of ONGC, Satish Reddy of Dr Reddy's and Debu Bhattacharya, MD, Hindalco bagged top honours. The awards also brought to light the debate on the Indian leadership poised to go global, with the shining Indian economy.
Debating answers to that question, Infosys's Nandan Nilekani and Worldtel's CEO, Sam Pitroda agreed that today's corporate India is a confident lot, with an appetite for taking risks in the global arena. However, to tide over infrastructural shortcomings, fast innovation is paramount. They emphasised upon the fact that brand India is based on brilliant managerial skills and software.
Pitroda said, "No matter which company we go to in US and Europe, we find the Indian brand all over. Now we need to take steps and go beyond the IT brand and other areas as well, that is a challenge."
Those, who have tackled this challenge well, were honoured by the IBLA, they were selected from top 50 companies. ONGC's Chairman and MD, Subir Raha bagged the 'Indian Innovator of the Year' award. In the last four years, Raha's leadership has doubled the company's bottomline and put ONGC in the fortune 500 PSUs on the global map by acquisitions in 10 countries.
Raha said, "Just because a company is in the public sector, it does not mean that we are a hopeless case. Technology was a major issue for us."
The 'Indian Corporate Citizen of the Year' award went to Satish Reddy, COO, Dr Reddy's Laboratory. Calling it a triple bottomline approach, in addition to profitability, the company has adopted programmes to address the concerns of environment and local communities.
D Bhattacharya, MD, Hindalco won the 'India Business Leader of the Year' award. With an investment outlay of Rs 12000 crores, the company wants to drive expansion to become a global scale metal producer, but keeping its costs efficiencies in place.
"If we have the cost structure, by not only managing business processes but also by upstreaming and downstreaming businesses by adding extra value, we would be able to achieve global leadership," said D Bhattacharya.
Talking of India's integration into the global world order, the event was capped by a fusion performance by Pandit Vishwa Mohan Bhatt and Sivamani. The awardees will represent India at the Asia Business Leader Awards, to be held in Kuala Lumpur, this November.
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