The India CFO Awards  are  instituted by International Market Assessment India, a research and business information company and adjudged by a panel of CEO's CFOs, academics and previous winners in India.

Mr Basu was judged the winner in the category of medium sized businesses. According to the IMA, judges look for "implementation of best practices in such areas as reporting, general accounting, cost accounting, internal controls, transaction processing etc"

"It is an honor to be a winner of the India CFO Awards 2006," said Mr. Joy Basu. "We have always tried to adopt and institutionalize global best practices in corporate governance and financial management"

"I am delighted that Joy has won this prestigious award", said Ajit Balakrishnan, Chairman and CEO Rediff.com . "As the CFO of the Company he has played an invaluable role   over the last four years. During this period we have strengthened our position as a leader in the Indian online space and built value for all our stakeholders by focusing on product innovation as part of our core strategy".   

Sourced From: Genesis Burson-Marsteller