 CNBC-TV18 IBL Award: Who's on the Jury?Published on Wed, Nov 28, 2007 at 09:01 | Source : CNBC-TV18 Updated at Thu, Dec 06, 2007 at 20:22 44684 Investors following Ashok Leyland. Share this News with them.
They are the some of the busiest men in the country and yet, the jury members arrived earlier than the appointed time: K V Kamath , a financial sector pioneer and the chief of India's largest private sector bank ICICI Bank . Kumar Mangalam Birla , a young and immensely successful industrialist and chairman of the Aditya Birla group . Uday Kotak , also the head of a leading bank Kotak Mahindra and amongst the country's sharpest and most succesful investment bankers. R Seshasayee , former president of industry body CII and managing director of india's largest commercial vehicle manufacturer Ashok Leyland . And Raghav Bahl , the managing director of network 18, the media conglomerate that owns CNBC-TV18. Prepped with all the nominations data they had in advance and raring to go - the jury began the process of identifying India Inc's best in 2007. What was it that the jury looking for as attributes when they were looking for leadership in each category? Kumar Mangalam Birla said, "We were looking for track record, we were looking for sustainability, we were really looking at people who are role models and companies who have truly been success stories in their own sectors." Uday Kotak said "I think the way I look at leadership is about passion to build something which is well beyond money. Very high focus on quality and outstanding ability to execute. And these are key parameters for me when we look at quality. " (Everyone coming into main jury room, meeting starts) And so in the search of quality, for hours and hours they discussed, debated and sometimes even disagreed. But Jury Chairman K V Kamath used a consensus building approach to decide on the winner in each category. It was no easy task, nominated companies and their leaders were evaluated on the basis of financial performance, risk taking abilities, growth and scalability, people management, resource management, governance standards, global positioning and finally that 'X' factor R Seshasayee said, "Everybody is in a competitive market position but to be able to change the business to a different kind of a paradigm within this competitive scenario is either by going global or scaling up to a level which is not linear but a major huge step change or do something the way of product or technology that completely has the character of changing the rules of the game. I think these are the kind of things, which need to bring in to make the choice of who is going to be the one, which is going past the finishing line. That is an executing discussion, which we had. Kamath said, "It is a big India story and every Indian corporate is trying to be a part of the story. On an individual level, people are trying to do things which are different and so on. I dont think India Inc has had too many challenges in the last one year bec global marketplace was conducive, domestic conditions were conducive despite oil going to a 90 dollars and some inflationary pressures early on in year. I think corporate India has done pretty well during the last one year." But don't let that pat on the back fool you...each nomination was scrutinized and in act in 2 categories the winners were surprise additions to the list. Kotak said, "I think this was a very frank debate. It was very interesting participation between us jury members and the members of your team. I just felt that we were trying to make sure that we kept our objectivity through the process and had a certain amount of surgical application in addition to mindsets." So who made the final cut? Watch this space for the winners of the CNBC TV18 India Business Leader Awards.
(Note: Web18, which owns Moneycontrol.com and Indiaearnings.com, belongs to the Network 18 Group).
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They say an awards deliberation is only as good as it's jury. Well, that makes the CNBC-TV18 India Business Leader Award 2007 a world class one. Here's a ringside view of the jury deliberations.
