Mahindra & Mahindra Ltd. is conferred with Dun & Bradstreet – Rolta Corporate Awards 2011

After finding a place in the Forbes Global 2000 list last year, Mahindra & Mahindra Ltd. (M&M Ltd.), the premier SUV manufacturer has added another feather to its chequered cap as it has been conferred with the prestigious Dun & Bradstreet – Rolta Corporate Awards 2011 for the Automobiles sector. M&M Ltd. was placed at the No.1 coveted position in the Automobile Sector among Top 500 Indian companies. Under the purview of Rolta Corporate Awards, 56 top corporate houses cutting across various sectors also received felicitations. On behalf of the leading SUV maker,Pravin Shah, Chief Executive, Automotive Division, M&M Ltd. received the award from Kapil Sibal, Hon'ble Minister of Human Resource Development, Communications & Information Technology, Government of India, at a gala event held in Mumbai.

Commenting on the recognition, a jubilant Pravin Shah, said: “The Dun & Bradstreet – Rolta Corporate Awards is widely respected across the industry and we are delighted to receive this honour in the Automobile Sector.  It is a clear validation of our overall approach to business and customers at large, whom we serve.Receiving this recognition, for two years in a row, speaks volumes of the company’s long term commitment to its stakeholders.”

This Dun & Bradstreet – Rolta Corporate Awards asan annual award aiming at recognising best performers in the Indian corporate world has reached its sixth year. These corporate accolades, in collaboration with the publication, India’s Top 500 Companies 2011, pay rich tributes to the significant roles played out by the Indian Inc. conglomeration behind shaping up domestic economy. This recognition has a greater significant in the context of automotive world as Indian car section is raring to capture global attention. K K Singh, CMD, Rolta India Ltd. and Kaushal Sampat, President & CEO – India D&B were few names in the list of dignitaries who were present at the award function.

Dun & Bradstreet – Rolta Corporate Awards 2011: Methodology

The basic criteria for the consideration of short listing the top-notched companies basically prepared a comprehensive list of the top Indian 500 companies covered under the India’s Top 500 Companies 2011 publication.

All the companies were properly classified as per their respective industry and service areas. D&B India conceptualised a proprietary financial blueprint for picking up the top companies in each sector. Organisational size and growth, these two key corporate parameters were given due considerations while selecting the top performers. The analyst team determined relevant financial benchmarks to fulfil the award premise and then applied values to them.

Winners were finalised on the foundation of a composite score of these judged parameters. The eight parameters weighed for selecting the award winners comprised of:  total income, net profit, net worth, net profit margin, return on net worth, average market capitalisation for FY11, growth in total income and growth in net profit.