AIMA confers the Business Leader of the Year Award on Mr Y C Deveshwar, Chairman ITC
Apr 18, 2012
The All India Management Association (AIMA), India's apex body of professional management today conferred its Business Leader of the Year Award on Mr Y C Deveshwar, Chairman, ITC Limited at a function held this evening in New Delhi to commemorate the AIMA Managing India Awards 2012.
In its citation, AIMA said that under Mr Deveshwar's leadership, ITC had evolved into a leading Indian multi-business conglomerate, creating national assets in agriculture, industry and services. ITC's transformational story, under Mr Deveshwar's stewardship, is manifest not only in the growth of its market cap by more than 30 times to over $ 33 billion today, but also in the creation of sustainable livelihoods for over 5 million people, many of whom represent the poorest in Rural India. His vision to make ITC a global exemplar in Sustainability practices has led ITC to become the only company in the world, of comparable size to be 'carbon positive', 'water positive' and 'solid waste recycling positive'. Mr Deveshwar's commitment to put Country before Corporation has not only inspired innovative business models that contribute meaningfully to societal development, but has also led to the creation of world-class Indian brands across ITC's businesses.
Earlier, Mr Deveshwar was honoured with one of the highest civilian awards- the Padma Bhushan by the Government of India in 2011. Amongst several other awards and recognitions during his distinguished career, he has also been honoured with the Global Leadership Award by the US-India Business Council of the US Chamber of Commerce in 2010; the Business Person of the Year Award from UK Trade & Investment in 2006; He was also inducted to the prestigious Hall of Pride at the Indian Science Congress in 2006.
