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Nov 28, 2012, 11.45 AM IST
What do an IT services company, a gas company, a pizza & donut shop, a financial services company and india's largest gold loan company have in common? They all passed rigourous quantitative performance tests to qualify as nominations for most promising company of the year award at CNBC TV18's India Business Leader Awards (IBLA).
Previous years this award has been claimed by the likes of GMR, Asian Paints, Lupin and Thermax, all mid-sized public listed companies but on the verge catapulting into the big-league! It's that promise the jury was looking for in this year's winner as well.
Sunil Mittal, chairman & Group CEO, Bharti Enterprises and jury member, IBLA 2012, says that is the business model going to sustain going forward are the growth parameters that are being witnessing now are sustainable and regarding this particular award, I think the jury has to be very conscious that the decision that they take in the favor of one out of the many nominees on a whole is the test of time and that five years down the whole when you look back, one should feel that we did justice to that particular category.
But it's the company with the biggest appetite for growth that won! The most promising company of the year award will go to Jubilant Foodworks.
The pizza and donut master franchisee with a 50% growth in revenue and profit and 80% gain in market capitalization.
Raghav Bahl, MD, Network18 and jury member, IBLA 2012, says that we needed to see somebody who had launched a new business but had launched it with a fairly good pace and success in the initial year but also the fact that the business had the potential to become much larger in the coming years. And Jubilant fitted all these parameters very well.
On November 2nd the Jubilant Foodworks team will walk the victory carpet to claim their award.
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