Dun & Bradstreet Acknowledges BILT as a Leader amongst Top 500 Indian Companies
Dun & Bradstreet Acknowledges BILT as a Leader amongst Top 500 Indian Companies; BILT amongst the top Indian companies recognized by Dun & Bradstreet-Rolta Corporate Awards 2008; BILT named top Indian company in the paper sector by Dun & Bradstreet, India
Tweet-- Ballarpur Industries Limited (BILT), India’s largest paper company and part of the US$ 3 bn Avantha Group, received the Dun & Bradstreet – Rolta Corporate Awards 2008. BILT was named top Indian company in the paper sector.
Mr. Asesh Mukherjee, General Manager–Paper Marketing, BILT, received the award from Mr. David J. Emery, President - Asia Pacific, Dun & Bradstreet. Also present were Mr. M.S. Sundara Rajan, CMD, Indian Bank and Mr. K.K. Singh, CMD, Rolta India Ltd.
Dun & Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, felicitated 52 of India’s leading corporate names across sectors. The D&B-Rolta Corporate Awards 2008, closely tied to D&B’s study on India’s Top 500 Companies 2008, seek to recognize the twin virtues of size and growth in corporate India.
Mr. R. R. Vederah, Managing Director, BILT, said, “We thank Dun & Bradstreet and Rolta India Ltd. for honouring BILT. This award not only recognises BILT’s leadership position in the Indian paper industry, but also acknowledges our commitment to our investors and stakeholders.”
Presenting the Awards, Mr David J. Emery, President - Asia Pacific, Dun & Bradstreet said, “51 new companies have made it to the Top 500 companies list in this year’s edition. This clearly underscores the growth opportunities that the Indian economy has provided over the past three years, opportunities that have been eagerly grabbed by these ambitious and innovative companies. On the other hand, as many as 31 of the 52 sectoral winners have retained their pole position from the last round of the Corporate Awards.”
BILT is amongst the 31 sectoral winners that have received the D&B Award back-to-back.
For Further Information:
Shravani Dang Sunaina Jairath
Group Head of Corporate Communications Image Inc
Avantha Tel: +91- 11- 46523433
Tel: +91 124 4099436 / +91-9811261080 Mobile: +91- 9811261080 Mobile: +91- 9811645243
Email: sdang@bilt.com sunaina@image-publicrelations.com
Notes to Editor
About BILT:
Ballarpur Industries Limited (BILT), part of the US$ 3 billion Avantha Group, is India’s largest manufacturer of writing and printing (W&P) paper. BILT’s subsidiaries include Sabah Forest Industries (SFI), Malaysia’s largest pulp and paper company, and BILT TreeTech Limited (BTTL), which runs BILT’s farm forestry programme in several states in India.
BILT has six manufacturing units across India, which give the company geographic coverage over most of the domestic market. BILT has a dominant share of the high-end coated paper segment in India. The company accounts for over 50% of the coated wood-free paper market, an impressive 85% of the bond paper market and nearly 45% of the hi-bright Maplitho market, besides being India’s largest exporter of coated paper. BILT is the first Indian paper company to feature among the global top 100.
About Avantha Group:
The US$ 3 bn Avantha Group is one of India’s leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech, Salient Business Solutions, and Avantha Technologies. International subsidiaries include Pauwels, SFI, Intergarden, Ganz, Microsol, Sonomatra, MSE Power Systems and Puszta Konzerv.
The Group has business interests in diverse areas including power transmission and distribution equipment and services, paper and pulp, energy and infrastructure, food processing, farm forestry, chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.
About Dun & Bradstreet – Rolta Corporate Awards 2008
The base universe of the companies considered for the D&B-Rolta Corporate Awards are those covered under the publication – India’s Top 500 Companies. The selection procedure to identify the top companies in each sector is based on a proprietary financial model, developed by Dun & Bradstreet India, which is based on the premise of recognizing the twin virtues of size and growth of companies. Financial aggregates were identified to fulfill this premise and weights were assigned to each. The final ranking of the companies was based on a composite score of these weighted parameters. The eight parameters considered in ranking the companies for the awards include: Total Income, Net Profit, Net Worth, Net Profit Margin, Return on Net Worth, Average Market Capitalisation for FY08, Growth in Total Income and Growth in Net Profit.