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ICICI Lombard and CNBC TV18 announce India Risk Management Awards Winners

ICICI Lombard General Insurance Company Ltd., India's largest private sector general insurance company and CNBC TV-18, India's leading business channel announced the winners of the 3rd edition of 'ICICI Lombard-CNBC TV18 India Risk Management Awards 2016'.

These awards recognize companies that have developed best in class risk management practices and capabilities across business categories. The selection process consists of analysis of company data, systems and frameworks of the organization. The India Risk Management is a grand event which witnesses the coming together of the entire management whose prime focus is mitigating risk.

The awards were presented in the following categories:

Categories Winners
Best Risk Management Framework and Systems – Infrastructure and EPC Larsen and Tubro
Best Sustainability Risk Framework Wipro
Best Risk Management Framework and Systems – FMCG Amul
Supply Chain Risk Management Tata Motors
Best Risk Management Framework and Systems – Healthcare Narayana Hrudayalaya
PSU of the Year ONGC Videsh
Best Risk Management Framework and Systems – Telecom Bharti Airtel
Best Risk Management Framework and Systems – Automotive Eicher Group
Conglomerate of the Year Mahindra & Mahindra
Best Risk Management Framework and Systems – Retail Jubilant Foodworks
Best Risk Management Framework and Systems – IT/ITes TCS & Tech Mahindra (Joint Award)
Best Risk Management Framework and Systems – Hospitality Indian Hotels
Best Risk Management Framework and Systems – Agriculture Sohan lal Commodity Management

Announcing the awards initiative, Mr. Bhargav Dasgupta MD & CEO, ICICI Lombard said, "Speaking at the occasion of the awards, Bhargav Dasgupta MD & CEO, ICICI Lombard said, "Managing risk in today's globalized and deeply integrated world is very crucial and an important strategic tool for organizations to create a sustainable business growth model. The India Risk Management Awards introduced by ICICI Lombard and CNBC TV18 is a unique platform that recognizes companies that have created world class risk management practices. We believe that these awards will play an important role in creating a robust risk management ecosystem in corporate India".