Mahindra & Mahindra Ltd. (M&M), recently received the Dun & Bradstreet (D&B) Rolta Corporate Award 2010 for the Automobile Sector. The awards felicitated 54 of India’s leading corporate names across sectors. The occasion also marked the launch of the eleventh edition of Dun & Bradstreet’s premier publication, ‘India’s Top 500 Companies 2010’. M&M was placed at No. 1 in the Automobile Sector in the list of India’s Top 500 Companies.
Dun and Bradstreet is the world’s leading provider of global business information, knowledge and insight.
The D&B-Rolta Corporate Awards 2010, closely tied to D&B’s study on India’s Top 500 Companies 2010, seek to recognize the twin virtues of size and growth in corporate India.
Speaking at the awards ceremony, Mr. Rajesh Jejurikar, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are delighted to receive this award as well as to rank first in the Automotive Sector in the Top 500 companies list. This accolade is a clear validation of our technological strength and customer centric approach to business.”
Speaking at the Awards ceremony, Mr Kaushal Sampat, President & CEO – India D&B said “The consistent growth and resilience shown by corporate India is a testimony to the strong economic fundamentals prevalent in the economy. The first three quarters of FY11 remained robust with a renewal in demand across various sectors. The same has been aptly covered in D&B’s India’s Top 500 Companies 2010, reflective of the changing trends in the domestic economy; thereby helping these companies achieve a healthy 19.4% total income growth in FY11 as compared to a meagre 0.6% growth for the corresponding period in the previous year.
“The publication also saw 46 new companies making their debut in this edition of the Top 500. Of these, 8 were newly listed companies. I would like to congratulate the 46 new entrants to the Top 500 and all the award winners,” he added.
D&B’s India’s Top 500 Companies 2010 was released by Dr R C Sinha, IAS (Retd.), Former Additional Chief Secretary, Government of Maharashtra, who graced the occasion as the Chief Guest, while Mr K K Singh, CMD, Rolta India Ltd. and Mr. Alok Bharadwaj, Senior Vice President, Canon India delivered the keynote address at the event.
