OREANDA-NEWS. October 24, 2011. Tata Steel was  today conferred with “Best Conscious Capitalist Award“for 2011-2012 at the  Forbes India Leadership Awards, held in Mumbai.  The award were given out at a scintillating event  attended by the creme de la creme of corporate India. Union  Minister for Corporate Affairs Mr. Veerappa  Moily presented the  trophy and commendations to Mr Koushik Chatterjee Group CFO, Tata Steel.

On  receiving the Award, Mr Koushik Chatterjee, Chief Financial  Officer, Tata Steel stated “it is  a great privilege to be honored by Forbes India. To be recognized by Forbes  from amongst the best corporats in India means that our constant endeavor to  stand up to the expectations of our various stakeholders are paying off.”

  Other  industry players who were nominated for “Best Conscious Capitalist Award” were Marico, Cipla, Infosys and Wipro. The criteria of the selection was that  the organization should have a turnover of least 1000 crore, the organisation  must have demonstrated a higher purpose, apart from profit maximization. This  should be evident in the way the company deals with all its five stakeholders -  employees, customers, suppliers, the community and shareholders. The jury found  Tata Steel excelling in all parameters in the criteria.

Tata  Steel was chosen a winner in the category by a panel of  eminent business personalities headed by K.  V Kamath Chairman of Infosys and the non-executive chairman of ICICI bank, Baba  Kalyani Chairman Kalyani Group of companies and Chairman & Managing  Director of the group’s flagship – Bharat Forge Limited, Akhil K. Gupta Senior  Managing Director and Chairman of Blackstone India, Janmejaya Sinha, managing  director and chairman of Asia operations at the Boston Consulting Group and  Rama Bijapurkar a marketing consultant and also the founding Chairperson of  NCAER-CMCR.

Network18  group Chairman Raghav Bahl hosted an in-depth panel discussion on ‘Building an  Enterprise/ Transforming an Industry,’ where five award winners shared their  perspective on what it took to transform their businesses. Actor Shah Rukh  Khan, who upped the glamour quotient in the room, was presented a plaque by  Chairman of Forbes Digital, Tim Forbes for being one of India’s finest entertainers.