MARG BAGS THE PRESTIGIOUS "MMA AWARD FOR MANAGERIAL EXCELLENCE 2012"
~ Awarded for excellence in managerial thinking, action and demonstrable results ~
~ Demonstrates the success of MARG management in channelizing various disciplines in meeting the company' objectives~
~ Award comes in the wake of a stringent evaluation process designed by Deloitte Touche Tohmatsu India Pvt Ltd ~
Chennai, July 06, 2012 – MARG LTD, one of India's leading Infrastructure companies has bagged the prestigious "MMA Award for Managerial Excellence" (MAME 2012) in Services Sector. This award was presented to GRK Reddy, Chairman and Managing Director, MARG Group by Prof. Bhaskar Ramamurthi, Director – IIT, Madras at MMA's 56th Annual General Meeting. Also gracing the occasion were N. Srinivasan, Vice Chairman & Managing Director, The India cements Ltd, Mr Ravi Viswanathan, President MMA, Mr K. Kumar, Partner, Deloitte Touche Tohmatsu India Pvt Ltd and Mr Venky Rajgopal, Senior Vice President, MMA. MMA Awards are given to companies, institutions who have excelled in their business segment.
The MMA Award for Managerial Excellence to MARG comes in the wake of a rigorous due diligence by an independent jury comprising people with proven track record of excellence in their chosen fields. Deloitte Touche Tohmatsu India Pvt Ltd has been involved in the process of shortlisting the candidates by providing industry information and analysis of various submissions made by nominee companies/institutions.The selection was based on overall managerial excellence rather than on select functional areas of excellence. Therefore the judgment is based on the company's vision and goals and how managers have directed the various disciplines of management in a focused manner to meet or exceed the objectives set.
Speaking on the occasion, GRK Reddy, Chairman and Managing Director, MARG Group said, "It is indeed a great honour to receive MMA's Managerial Excellence award as this is a truly prestigious recognition that validates the success of our overall management strategy in aligning our business verticals to the Group's vision and overall objectives. Over the past 20 years, MARG Group has a built a reputation of reliability and quality in the infrastructure space across the country. The streamlined managerial processes & systems at MARG have helped us to create infrastructure which is localized & customized to demographics and socio-economic parameters".
MADRAS MANAGEMENT ASSOCIATION, established in 1956, is India's largest local management association with the objective of improving management education and training in the country.
Says Atul Raja, Group VP & Head – Corporate Communications, MARG Group, "At MARG we have a human capital resource that can be compared to the best available in the industry. It is the skill-set, acumen and the visionary zeal of the talent pool at MARG and its group companies that has made this prestigious Managerial Excellence Award possible. The award truly typifies our spirit of 'innovation & visioneering' to foster a neo-urbanism based on smart and inclusive growth".
Madras Management Association (MMA) has instituted the Managerial Excellence awards with the objective of awarding excellence in managerial thinking, action and demonstrable results to companies and institutions from southern states of Tamil Nadu, Andra Pradesh, Karnataka, Puducherry and Kerala. The 4 categories for the awards are Manufacturing Sector, Services Sector, SME Sector and Educational Institutions.
An integral part of the Awarding process was the presentation by award winners on their managerial process of excellence that helped them win the Award, at a seminar organized by MMA preceding their Annual General Meeting. Atul Raja, Group VP & Head – Corporate Communications, MARG Group made a presentation on the innovative managerial initiatives & practices of MARG Group.
About 11th MMA Awards for Managerial Excellence 2012:
MMA Awards for Managerial Excellence are designed to recognize and reward companies and institutions that are broadly comparable. To this end, four Awards are given in the following categories:
Category A: Award for Managerial Excellence in Manufacturing Sector
Category B: Award for Managerial Excellence in Services Sector
Category C: Award for Managerial Excellence in SME Sector
Category C: Awards for Managerial Excellence in Educational Institutions.
The MMA Managing Committee has constituted an independent jury comprising people with proven track record of excellence in their chosen fields. The process of adjudication was facilitated by President MMA and a Deloitte Touche Tohmatsu India Pvt Ltd representative. Deloitte Touche Tohmatsu India Pvt Ltd has been appointed by MMA as a consultant to help in the process of shortlisting the candidates by providing industry information and analysis of various submissions made by nominee companies/institutions.
About Madras Management Association:
Madras Management Association (MMA) is one of the largest local Management Associations in India. It was established in 1956 with the objective to improve Management Education and Training in the country.
About MARG Group:
MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure major with presence across the value chain. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of 'Permitted Security'.
With over two decades of reassuring presence and the credit of pioneering the development of economic growth centers, MARG's portfolio spans across the entire infrastructure value chain - urban and industrial infrastructure, urban residential clusters, marine infrastructure & services, malls and EPC division. Listed by Dun & Bradstreet among "India's Top 500 Companies 2010", today MARG Group has projects worth more than Rs. 3000 crores under execution, a seasoned human capital of more than 1100, global partners in the Infra space and offices spread across India, Singapore and China.
For more information, visit www.marggroup.com
For further information contact:
M: +91 96771 27954
|Ravi Shankar / Sakthi Prasanna
M: +91 93828 87608 / 98842 77251