Maruti Suzuki is ‘India’s Company of the Year’

Saturday, 9 April 2011 00:21 - - {{hitsCtrl.values.hits}}

Maruti Suzuki, already a winner in international markets for making the Alto the world’s most popular small car, continued its winning ways grabbing Business Standard ‘India’s Company of the Year’ award for 2010.

Prime Minister of India, Dr Manmohan Singh gave away the awards at a gala ceremony in New Delhi which also feted P. M. Murthy, Head of Asian Paints, whom the Business Standard had chosen as ‘India’s CEO of the Year’ reported the same announcement.

Business Standard, which publishes an annual “BS 1000” list pf India’s top companies based on net sales is one of India’s leading business newspapers. Known for its heavy weight judging panel as much as for the prestige it bestows on the winner, Business Standard ‘India’s Company of the Year’ takes pride of place in the assessing the best of India’s corporate world.

Overall performance of India’s largest automaker Maruti Suzuki impressed the jury comprising some of India’s best known leaders of industry, who noted several remarkable achievements as material to Maruti lifting the award this year. Among them, the jury made specific mention of the Alto’s singular achievement of becoming the world’s largest selling small car.

The unmatched rural reach and positioning of the brand in India, and the company’s ability to provide consistent service quality and adopt new business models that suit customers as other factors that tipped the scales in Maruti’s favour.

The distinguished six member jury was led by ICICI Bank Chairman K.V. Kamath. Other jury members were Sun Pharma Chairman and MD Dilip Shanghvi, Thermax Chairperson Anu Aga, KKR India CEO and Country Head Sanjay Nayar, Ernst & Young CEO and Country Manager Rajiv Memani and Tractors and Farm Equipment (TAFE) Director Mallika Srinivasan.