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MUMBAI: CNBC-TV18, India?s no. 1 business medium, in association with MCX, a state-of-the-art electronic commodity futures exchange, present India?s most distinguished awards for financial excellence - the CFO Awards 2010 on October 27, 2010 in Mumbai. These awards seek to recognize the wizards of the financial world who have not only demonstrated excellence through their sheer knowledge, vision and acumen but also driven their businesses on a global platform. This is the league of individuals who have managed India‘s global aspirations with such precision that they are now India?s ambassadors to the world.
This year the theme of ?CFO Awards 2010? is ?celebrating the men and women behind India‘s resilience?. The awards will honour the spirit of achievement by recognizing the contribution of such individuals to Brand INDIA. These individuals have made India a force to reckon with by capitalizing on opportunities and identifying growth options which has helped sustain the financial slowdown. They have also demonstrated the skills of being the real champions of India?s fast evolving CFO community by striving hard to make India a global business hub. These global financial leaders through their efficiency and excellence in financial deliverables have laid the foundation of emerging India, transforming it to become the next superpower.
Speaking on the occasion, Mr. Udayan Mukherjee, Managing Editor, CNBC-TV18 said, ?India has evolved as a global financial hub only due to the persistence of certain expertised individuals who have build empires that are inherently strong, resilient in face of crisis and nimble enough to move and capitalize opportunities. These wizards and their companies have not only contributed to India?s strong GDP numbers but also led the massive bull rally. We, at CNBC-TV18, feel proud and honoured to award such eminent financial experts.?
The winners of the above category of awards are going to be selected through a robust and comprehensive judging process, based on a combination of criteria powered by CNBC Research and CNBC-TV18 editorial. CNBC Research in the first stage involved short-listing of India?s best businesses using quantitative techniques. The second stage consisted of presenting these shortlisted companies to an eminent jury panel who along with CNBC-TV18 editorial, assessed candidates through a unique judging process based on a combination of criteria including financial performance, creativity and innovation. The jury comprised of renowned experts in their respective fields such as Mr. Deepak Parekh, Chairman, HDFC; Mr. Y. S Deosthalee, CFO, Larsen & Toubro Limited; Ms. Shikha Sharma, MD & CEO, Axis Bank; Mr. Bharat Doshi, Ex. Director, Mahindra & Mahindra and Mr. Uday kotak, Ex. VC and MD, Kotak Mahindra Bank. The candidates were also evaluated on their ability to create short-term advantage, long-term value, a competitive edge, and the demonstration of leadership in the business community. The final stage includes a process wherein the grand jury armed with the detailed dossiers comprising facts and figures for the nominations along with the quantitative analysis debated to arrive at the final winners in each category.
