Maruti Suzuki India’s Company of the Year
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, announced Business Standard.
The 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 announcement.
Business Standard, which publishes an annual list of 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 assessing the best of India’s corporate
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 were other factors that tipped the
scales in Maruti’s favour.
The six-member jury was led by ICICI Bank Chairman K V Kamath. The
other jury members were Sun Pharma Chairman/MD Dilip Shanghvi, Thermax
Chairperson Ms 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.