ICAI announces winners of ICAI Awards 2008

Bangalore, January 28, 2009: The profession of Chartered Accountancy stands upon the tradition of excellence, integrity and independence. The CA fraternity has contributed significantly to the economic development of India and has been responsible Partner in Nation Building. The Chartered Accountants have performed exceedingly well in various fields and the Indian industry has placed substantial faith in their ability to deliver. This has made the Indian Accountancy Profession as Valued trustee of world-class financial competencies, good governance and competitiveness.

The 2nd ICAI Awards 2008 awards recognize the achievements of Chartered Accountants in profession, personal life and in community service. The award winners for the 2nd ICAI Awards 2008 are:

Category I

In the CA Business Achiever – category, award went to:

Corporate Sector
1. CA. Akhil Gupta, Dy. Group CEO & MD, M/s. Bharti Group
Financial Services – category, award went to:
1. Mr. Motilal Oswal, Chairman & Managing Director, Motilal Oswal Financial Services Ltd.
SME Category, award went to:
1. Mr. K. Ullas Kamath, Dy. MD, Jyothy Laboratories Limited

Category II

In the Outstanding 'Chief Financial Officer' category, awards went to:

Manufacturing Sector
1. CA. Adesh Gupta, Whole Time Director & CFO, Aditya Birla NOVO Limited
Financial Sector
1. Mr. Keki Mistry , Vice-Chairman and MD, HDFC Ltd.
Public Sector
1. Mr. A.K. Singhal, Director (Finance), M/s. NTPC Limited
Information Technology, Media Communication and Entertainment Sector
1. Mr. V. Balakrishnan, CFO, Infosys Technologies Limited
CFO – Women Sector
1. Ms. Irawati Dani, Director (Finance), M/s. Coalfields Limited

Category III

Professional Achiever-Finance Sector

1. Mr. Bharat Banka, MD & CEO, Aditya Birla Capital Advisors also President and Head Group Corporate Finance, Aditya Birla Group.

The Research Committee also announced the 'ICAI Awards for Excellence in Financial Reporting' which propagate that financial reporting should be committed to the canons of accountability, transparency, comparability, integrity, reliability, timeliness and social responsibility. They gave awards in Category I Manufacturing and Trading Enterprises (including processing, mining, plantations, oil and gas enterprises)
Category II Banking and Financial Institutions (including NBFCs, Mutual Funds, Unit Trust of India, Investment Bankers, HFCs, etc.)
Category III Service Sector (including hotels, consultancy, transport, stock exchanges, R&D, private hospitals)
Category IV Insurance Sector
Category V Information Technology, Communication and Entertainment Enterprises
Category VI Infrastructure & Construction Sector (including power generation and supply, port trusts, roads)
Category VII Others (Section 25 companies, educational institutions, NGOs, charitable hospitals and other organizations

The Research Committee also distributed "Hall of Fame" award which was given to Infosys Technologies Ltd. as they have been awarded the first prize under the category V Information Technology continuously in the last five years.

Speaking at the occasion, Hon'ble Minister Shri Ram Naik stated "it is the Accounting Profession that leads the nation to greater heights by leveraging its intellectual capital and professionalism. I'm extremely honoured to be here and I wish every industry earnestly pursues new benchmarks to enhance India's leadership position in the global arena."

Shri Ved Jain, President, ICAI, in his welcome address stated, "This is the second consecutive year of the ICAI awards and we are very proud to have received nominations from various parts of India. As an industry body, we have to constantly ensure that our members communicate credible financial information to all stakeholders and hence the Awards raise industry benchmarks constantly."

CA. Sanjeev Maheshwari, Chairman, Committee for Members in Industry stated that ICAI Awards 2008 has been instituted to acknowledge chartered accountants in Industry who have demonstrated excellence in the way in which they conduct their profession are exemplary role models in the industry and have created value to their company's stakeholders on a sustainable basis.

Source : Equity Bulls

Keywords