CNBC TV18 is partnering with Airtel to bring to India the inaugural India Business Leader Awards (IBLA). The Awards programme is part of the prestigious regional-level Asia Business Leader Awards (ABLA), initiated by CNBC Asia, which has showcased and profiled outstanding examples of corporate leadership and excellence since its launch in 2001.
Winners of the India Business Leader Awards 2005 will proceed to qualify as finalists at the Asia Business Leader Awards 2005, scheduled to take place in November in Kuala Lumpur.
‘A Celebration of Achievement’, will be the theme for IBLA 2005 and will acknowledge business leadership that has been able to harness the opportunities that arise in today's dynamic business landscape and for the ability to lead and succeed in laying solid foundations for their organisations.
The IBLA will be based on the unique three-phase judging process, which the Asia Business Leader Awards has become well known for.
In the first phase, a dedicated team from the Awards’ Knowledge Partner University of Chicago Graduate School of Business (GSB) Asia Campus will shortlist semi-finalists based on four performance measures – Sales Growth, Operating Margin, Earnings Before Interest (EBIT) Per Employee and Return on Capital Employed (ROCE) – sourced from industry databases.
The second phase of the judging process entails a face-to-face interview with the semi-finalists by Development Dimensions International, a global human resource consulting company specialising in leadership development and research partner of the Asia Business Leader Awards 2005.
In the third and final phase, transcripts of the interviews with all the semi-finalists will be presented to a regional judging panel consisting of world-renowned management strategists, academics and corporate personalities, who will select the winners.
The judging panel will be overseen by lead judge Professor Mark E Zmijewski, Dean of Executive MBA programmes, University of Chicago Graduate School of Business (GSB). The Indian representative on this jury is Dr Amit Mitra, Secretary General of FICCI.
IBLA 2005 will see the introduction of the four award categories – ‘India Business Leader of the Year’, ‘India Corporate Citizen of the Year’, ‘India Innovator of the Year’, and ‘India CEOs’ Choice of the Year’.
“CNBC-TV18 has been at the forefront of bringing India to the world, and in many ways, the world to India,” said Haresh Chawla, CEO, CNBC-TV18. “We are proud to bring to India this most definitive business leadership award. The India Business Leader Awards 2005 is a further acknowledgement of India’s importance and contribution to Asian and global business. These awards help Indian business leaders get recognised globally and we hope that it helps strengthen India’s position as an emerging economic power.”
According to Atul Bindal, Director and Group Chief Marketing Officer, Mobility, Bharti Tele-Ventures Ltd, “Airtel is proud to partner the 2005 India Business Leader Awards. These awards recognise leadership excellence, achievements, contribution and the spirit of entrepreneurship in the Indian business community. As India’s leading mobile service provider, Airtel is pleased to partner CNBC in the recognition and development of inspiring and responsible business leaders in the country.”
Commenting on this initiative, the Indian representative on the global jury for the Asia Business Leader Award, FICCI’s Dr Amit Mitra said, “The Awards are unique in their assessment procedure, objectivity and quantitative analysis. Led by University of Chicago Graduate School of Business, the Award also has a global standing. The Awards provide Indian business to demonstrate its global competence and unique entrepreneurial prowess.”
The India Business Leader of the year 2005 will be felicitated in the presence of Finance Minister P C Chidamabaram at a grand awards function to be held in Delhi on October 1.
As a build up to the India Business Leader Awards 2005, CNBC-TV 18 would also launch a special on air initiative. This would include a number of special 30-minute shows anchored by Govindraj Ethiraj, Corporate Editor, CNBC TV18.