India’s most well-known business personalities will congregate at CNBC-TV18’s India Business Leader Awards (IBLA) 2016-17 in New Delhi on Thursday, March 23, 2016, to raise a toast to India’s entrepreneurial spirit.
The 12th edition of the awards, modelled on the prestigious CNBC – Asia Business Leader Awards, will felicitate visionary leaders who have made a stellar difference in their respective spheres, creating that much desired edge above their peers. These leaders have “led India’s glorious journey from the front, setting new standards in terms of growth, scale and market leadership,” CNBC-TV18 said in a statement.
The sparkling awards ceremony will be presided over by finance minister Arun Jaitley.
The business leaders who will be felicitated at a IBLA’s glittering awards ceremony on Thursday evening include State Bank of India chairman Arundhati Bhattacharya (Outstanding Business Leader for the Year), Infosys’ managing director and CEO Vishal Sikka (CNBC Asia’s India Business Leader of the Year), Maruti Suzuki chairman RC Bhargava and former Reserve Bank of India governor Bimal Jalan (Hall of Fame). Indian gymnast Dipa Karmakar, who won accolades for her performance at the 2016 Olympics, will also be honoured with the award for Outstanding Contribution to Brand India.
The IBLA award winners for this year were selected by an eminent jury chaired by Aditya Puri, managing director of HDFC Bank. Other members of the jury included Marico chairman Harsh Mariwala; Infosys MD and CEO Vishal Sikka; JP Morgan India CEO Kalpana Morparia; State Bank of India chairman Arundhati Bhattacharya; Cyril Shroff, managing partner, Cyril Amarchand Mangaldas; Sanjay Nayar, CEO, KKR India; Shikha Sharma, managing director and CEO, Axis Bank; and Rajiv Memani, chairman and regional managing partner of EY’s India region.
IBLA winners are selected through a three-phase methodology conducted by the CNBC-TV18 editorial panel and research team, through a process based on a combination of criteria including financial performance, leadership, creativity, innovation and social responsibility. Nominees are also evaluated on their ability to create short-term advantage, long-term value, a competitive edge, and the demonstration of leadership in the business community, according to IBLA’s website.