TIME INDIA

AWARDS

Powered by
TATA Steel, Hero MotoCorp and Ajanta Pharma won the inaugural TIME India Awards at a glittering ceremony in Mumbai on February 13 as a part of the Make in India Week (February 13–18, 2016). Prime Minister Narendra Modi was the guest of honor at the event and presented the awards. More(+)

The winners were selected among nine finalists, who were determined from a pool of approximately 3000 manufacturing companies after extensive evaluation of qualitative and quantitative metrics.

TATA Steel, India’s first private sector steel company, won the award for ‘Best-in-Class Manufacturing’, recognizing a business that has transformed its industry with its manufacturing prowess. Hero MotoCorp, the world’s largest manufacturer of two-wheelers by volume, walked away with the ‘Manufacturing Innovator of the Year’ award for its line of innovate scooters and motorcycles. Yogesh and Rajesh Agrawal, joint managing directors of specialty pharmaceutical company Ajanta Pharma, won the ‘Young Maker of the Year’ award, which recognizes outstanding young entrepreneurs from the Indian manufacturing sector.

Norman Pearlstine, Chief Content Officer for TIME Inc., announced the winners at the awards, which kicked off the week-long event. “The recipients of the first TIME India Awards are world-class companies that are making a real impact on the rapidly growing Indian economy. We are pleased to recognize them for their efforts during Make in India Week” said Pearlstine.

Norman Pearlstine, Chief Content Officer for TIME Inc., announced the winners at the awards, which kicked off the week-long event. “The recipients of the first TIME India Awards are world-class companies that are making a real impact on the rapidly growing Indian economy. We are pleased to recognize them for their efforts during Make in India Week” said Pearlstine.

Leading international consulting firm McKinsey & Company was the knowledge partner for the awards. “In the coming years many Indian companies may take the big leap to become global multinationals,” said Rajat Dhawan, Director, McKinsey & Company.

A jury of leading international business figures selected the winners of the awards in each of the three categories. Judges included General Electric Vice Chairman John Rice; Infosys Founder N.R. Narayana Murthy; ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar; Renault and Nissan Chief Executive Officer Carlos Ghosn; TIME Assistant Managing Editor Rana Foroohar; and Kevin Sneader, Chairman, Asia, at McKinsey & Co. Norman Pearlstine was the chair of the jury.

Speaking after the awards, PM Modi said, “We are working aggressively towards making India a global manufacturing hub.”

IMAGE GALLERY

  • Norman Pearlstine, Chief Content Officer for TIME Inc., announces the winners at the TIME India Awards ceremony
  • TATA Steel won the award for Best in Class Manufacturing. Hero MotoCorp won in the Manufacturing Innovator of the Year category. Yogesh and Rajesh Agrawal, joint managing directors of Ajanta Pharma, won the Young Maker of the Year Award
  • The Prime Minister of India, Narendra Modi, was the guest of honor at the TIME India Awards ceremony