Business Wire IndiaHighlights:
  • Porter Prize is named after the renowned thinker, Harvard faculty member and Father of the modern strategic field Professor Michael E. Porter. It recognizes the strategic acumen of corporates in India
  • Porter Prize was organized by Institute for Competitiveness, India on May 24, 2017, at The Taj Mahal Palace, Mumbai
  • Seven enterprises in eight different categories bagged the prestigious Porter Prize 2017.
  • It was attended by CXO’s, top industry leaders, thinkers, and senior executives from corporates, government and media
  • Following CEOs on behalf of their enterprises received the award. Dr. Rajeev Kumar Gupta (MD, GNFC); Annaswami Vaidheesh (VP, South Asia & MD, India, GSK); Dr. Ajay Bakshi (MD & CEO, Manipal Health Enterprises Pvt. Ltd.); Chitresh Gupta (VP, DS Group); and Sanjeev Puri (CEO & ED, ITC)
  • Professor Michael E. Porter presented the Porter Prize 2017 awards to the enterprises.
  • Professor Porter also delivered two keynotes on strategy and shared value
Michael E. PorterAmit KapoorWilfried Aulbur
  • DS Group was presented the Taj GroupPorter Prize for Creating Distinctive Value.Chitresh Gupta received the award on behalf of DS Group. The citation read “ For your outstanding performance in the industry and ability to offer unique solutions to the customers. You effectively created new market spaces, segments and provided solutions that redefined the market.”  
  • Manipal Health Enterprises was presented ICICI LombardPorter Prize for Value-Based Healthcare which was received by Dr. Ajay Bakshi. The citation read “ For redefining healthcare, providing an overall framework for diagnostics, participating in building a resilient health care system, focusing on providing value to patients, not just lowering costs; free flow of information i.e, information on results and prices needed for value-based competition and innovation in healthcare such as enhancing the patients’ experience, redefining the business around medical conditions.”  
  • ITC Ltd. and GSK shared the Porter Prize for Creating Shared Value . Annaswami Vaidheesh and Sanjeev Puri received the awards on behalf of GSK and ITC respectively. The citation read “ For your outstanding performance in the industry and to recognize the high impact your organization has created by reconceiving products & markets, redefining productivity in the value chains, enabling community development and in turn creating societal and economic progress.”  
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited was presented Porter Prize for Enabling Social Progress . Dr. Rajeev Kumar Gupta received the award on behalf of GNFC. The citation read “ For your outstanding contribution to the society to meet the basic human needs, established blocks that allow communities to sustain the quality of life and creating conditions for individuals to reach their potential.”  
  • ITC was presented Porter Prize for Excellence in Corporate Governance and Integration.Sanjeev Puri received the award on behalf of ITC. The citation read “ For your outstanding performance driven through excellence in corporate governance that is reflected in synergies between different aspects of business, superior performance and control mechanisms.”  
  • SIDBI was presented the Porter Prize for Leveraging Unique Activities. The citation read “ For your outstanding performance in the industry and to recognize your effective rendering of activities across the value chain that created competitive advantage. You clearly stated that good strategies depend on the connection among many things and on making interdependent choices .”
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