FPJ India's Best Annual Reports Award 2022
Annual reports can lie, can conceal, can overburden you with data to ensure that what you seek cannot be found easily. They can be produced as smudged pages as well.
To celebrate the companies that have maintained high standards in bringing out annual reports that are both fully compliant and also investor friendly, The Free Press Journal along with Grant Thornton Bharat decided to institute an award for the Best Annual Reports. The first such awards event was held on 5 April 2023. We looked at 9 industry sectors and identified a winner in each one of them.
The event was held at the Taj Chambers, Mumbai, and the awards were given to the winning companies by M. Damodaran, former chairman of SEBI IDBI and UTI.
The Jury chairman M Damodaran, Former Chairman SEBI, along with other jury members (the jury comprised Marezban Bharucha, Founder and Senior Partner, Bharucha and Partners; Ketan Dalal, CEO, Katalyst Advisors; Abizer Diwanji, Senior Partner, EY; Deepankar Sanwalka, Senior Partner, Grant Thornton Bharat and other Grant Thornton partners) were present with key representatives of the winning companies.
"Others may give away awards for all manner of things. Let them stay their course. It should not deflect you from that path, should not distract you from your efforts, from identifying the core areas which will build confidence of the stakeholders. My congratulations to all the winners", –M Damodaran, Jury Chair.
The winners of FPJ India's Best Annual Reports Award 2022:
1. Consumer Goods (FMCGS) - Dabur India Limited
2. Banking, financial services and insurance (BFSI)
a) Public Sector Banks - State Bank of India
b) Private Sector - Kotak Mahindra Bank
c) Financial services and insurance - Aditya Birla Capital
3. Pharmaceuticals - Torrent Pharma
4. Energy - Tata Power Limited
5. Metals and Mining - Hindalco Industries
6. Automobiles - Maruti Suzuki Limited
7. Information technology (IT/ ITES) - LTI-Mindtree
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