MUMBAI: The Bombay Management Association has recognised top achievers from various field of management who have made outstanding contributions in building and running successful ventures in India at the 34thBMA awards on March 8.
The awards were in five categories- Management man and woman of the year, Entrepreneur of the year and of the decade, and a Lifetime Achievement award.
Vinita Bali, accepting the award for Management Woman of the Year, and Dilip Shanghvi, who was honoured as Management Man of the year, attributed their success to parents, colleagues and the business environment.
The BMA conferred the award of Entrepreneur of the Year on Vineet Jain, managing director of the Times group in recognition of the group's successful diversification from print to other forms of media such as television and internet. The success of its top newspaper brands, The Times of India and The Economic Times, has been replicated in broadcast, with the success of Times NOW and ET NOW, said BMA.
In his acceptance speech, Vineet Jain attributed the successful diversification to the solid foundation provided by the print business, for which he dedicated the award to his brother Samir Jain, vice chairman of the Times group.
Anil Agarwal, chairman of Vedanta Group took the opportunity to ask the government to ensure that the natural resources of the country are utilised, so that India reduces its import burden of importing resources such as coal and oil. "We have the 3rd largest reserves of coal and yet we are the largest importer of coal. We should ensure that the resource industry do well", Agarwal said.
The Bombay Management Association bestowed the lifetime achievement award to Narayanan Vaghul, former chairman of ICICI BankBSE -0.16 %. Vaghul, 77, expressed his skepticism about the prospect of a revival of the economy in the near future. He said that there has been a significant decline in the values of the country's citizens which is a bigger malady than the slowdown of the economy which has dominated the press and polity. "There is a deeper crisis than the economic crisis and greed is the reason for that, we all should collectively work towards letting go off that greed for the sake of the country", he said.
