Jain Irrigation Systems Ltd was honored with the Dun & Bradstreet - Rolta Corporate Awards 2010 in the Plastic and Plastic Products sector. Dun & Bradstreet (D&B), the world's leading provider of global business information, knowledge and insight, announced the Dun & Bradstreet - Rolta Corporate Awards 2010. The awards felicitated 54 of India's leading corporate names across sectors.
The 'Dun & Bradstreet - Rolta Corporate Awards 2010' seeks to recognize and felicitate corporate India's leading companies from various sectors. 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. Therefore, the base universe of the companies considered for the Dun & Bradstreet - Rolta Corporate Awards 2010 comprised of the top 500 companies of India as covered under the publication.
Speaking at the Awards ceremony, Mr. Kaushal Sampat, President and 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 domestic economy; thereby helping these companies to achieve a healthy 19.4% total income growth in FY11 as compared to a meager 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.
Speaking at the awards ceremony, Mr. Manoj Lodha, Chief Financial Officer of Jain Irrigation said,"Jain is doing the unique work of Plasticulture, namely producing plastics for agriculture thereby improving productivity for millions of farmers". He further added 'Jain Irrigation is riding high on the strength of its product portfolio that feeds the Infrastructure sector as well"
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 key note address at the event.
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Dun & Bradstreet - Rolta Corporate Awards 2010
The awards methodology was applied to this list of top 500 companies, duly classified in their respective sectors. D&B India developed a proprietary financial model for identifying the top companies in each sector. The model is based on the premise of recognizing the twin virtues of size and growth of the companies while awarding them. The analyst team identified pertinent financial parameters to fulfill this premise and assigned weights to them. Winners were chosen on the basis of a composite score of these weighted parameters. The eight parameters considered for choosing the award winners include -
Total income, net profit, net worth, net profit margin, return on net worth, average market capitalisation for FY10, growth in total income and growth in net profit.
About Jain Irrigation Systems Limited:
Jain Irrigation is a diversified Company with more than 6500 employees. Jain's product portfolio includes Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree and Juice concentrates. Jain Irrigation has pioneered drip irrigation for small farmers in India and has a lion's share in India, which is one of the fastest growing micro irrigation markets. Jain has a growing presence in the renewable energy segment and is the largest player in applications of solar energy in agriculture and rural areas.
About Dun & Bradstreet (D&B):
Dun & Bradstreet (NYSE:DNB), the world's leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for 170 years. D&B's global commercial database contains more than 195 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network - an unrivaled alliance of D&B and leading business information providers around the world - customers gain access to the world's largest and highest quality global commercial business information database.
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