Time Inc. Names Finalists for 2017 TIME India Awards at World Economic Forum

17-Jan-2017 Intellasia | BusinessWire | 11:00 PM Print This Post

Awards Recognizing Leadership in Indian Manufacturing to Be Presented
on January 27 at the Confederation of India Industry’s Partnership
Summit in Andhra Pradesh

DAVOS, Switzerland–(BUSINESS WIRE)–Today, Time Inc. (NYSE:TIME) named 18 companies as the finalists for the
second annual TIME India Awards at the World Economic Forum in Davos,
Switzerland. McKinsey & Company is the knowledge partner on this project.

Time Inc. Vice Chairman Norman Pearlstine will announce the winners at a
ceremony in Andhra Pradesh on January 27 at the Confederation of India
Industry’s Partnership Summit.

The finalists were selected from a pool of 15,000 manufacturing
companies after a rigorous evaluation of qualitative and quantitative

Time Inc. announced the Time India Awards finalists at a special panel
discussion event, “The Digitization of India,” in Davos today at the
Steigenberger Grandhotel Belvédère. The conversation explored the
opportunities and challenges that digital disruption brings for
India—one of the worlds fastest-growing economies. Time Inc. Chief
Content Officer and Fortune Editor-in-Chief Alan Murray moderated the
panel, which included Andhra Pradesh Chief Minister N Chandrababu NaiduIndia’s
Department of Industrial Policy and Promotion Secretary
Ramesh Abhishek, McKinsey & Company’s Asia Chairman Kevin Sneader and Tata
Steel’s T V Narendran.

Alongside prizes for the Manufacturing Innovator of the Year and the
Global Manufacturer of the Year, the 2017 TIME India Awards will
recognize the country’s most exciting small and medium-sized businesses
and startups. The 18 finalists were named across six total categories.
This year’s awards have expanded in size and scope from the inaugural
TIME India Awards in 2016, which had nine finalists across three

“The finalists for the second TIME India Awards represent real
innovation in manufacturing and are making a significant impact on the
Indian economy, with products that benefit the world,” said Pearlstine.
“The Confederation of India Industry’s Partnership Summit is one of
India’s most prominent international business events and promotes
discussion and collaboration around global economic growth. This event
is an ideal forum for this year’s awards.”

The judges are: General Electric Vice Chairman John Rice; Infosys
Founder N.R. Narayana Murthy; ICICI Bank Managing Director and Chief
Executive Officer Chanda Kochhar; Clay Chandler, Time Inc. Executive
Editor, International; and McKinsey & Co. Chairman, Asia Kevin Sneader.
Pearlstine will chair the jury.

Rajat Dhawan, senior partner, McKinsey & Company said, “Alongside
exhibiting overall competitiveness and pursuing innovation, shortlisted
companies stand out for at least one zing factor – either their
remarkable export orientation, pioneering adoption of Industry 4.0,
focus on sustainable manufacturing, or attempts to solve a societal

The 2016 TIME India Awards were held at the “Make in India” summit in
Mumbai on Feb. 13, with TATA Steel winning the prize for Best in Class
Manufacturing. Hero MotoCorp was named the Manufacturing Innovator of
the Year, and Yogesh and Rajesh Agrawal, joint managing directors of
Ajanta Pharma, received the Young Makers of the Year Award.

The finalists for the 2017 TIME India Awards:

TIME India Innovator of the Year
Amara Raja Batteries
Mahindra & Mahindra

TIME India Global Manufacturer of the Year
Bharat Forge
Zydus Cadila

TIME India MSME Innovator of the Year
Advance Enzyme
Phoenix Medical Systems
PTC Industries

TIME India MSME Manufacturer of the Year
KHS Machinery
Rangsons Electronics

TIME India Startup Innovator of the Year
Barrix Agro Sciences
Versa Drives

TIME India Startup Sustainability Pioneer of the Year
Greenway Grameen Infra
Swasti Agro & Bioproducts


Time Inc. (NYSE:TIME) is a leading content company that engages over 150
million consumers every month through our portfolio of premium brands
across platforms. By combining our distinctive content with our
proprietary data and people-based targeting, we offer highly
differentiated end-to-end solutions to marketers across the multimedia
landscape. Our influential brands include People, Time, Fortune, Sports
Illustrated, InStyle, Real Simple and Southern Living, as well as more
than 50 diverse titles in the United Kingdom. Time Inc. has been
extending the power of our brands through various acquisitions and
investments, including Viant, an advertising technology firm with a
specialized people-based marketing platform; The Foundry, Time Inc.’s
creative lab and content studio; and the People Entertainment Weekly
Network (PEN). The company is also home to celebrated events, such as
the Time 100, Fortune Most Powerful Women, People’s Sexiest Man Alive,
Sports Illustrated’s Sportsperson of the Year, the Essence Festival and
the Food & Wine Classic in Aspen.

About McKinsey & Company

McKinsey & Company is a management-consulting firm that helps leading
corporations and organizations make distinctive, lasting and substantial
improvements in their performance. Over the past eight decades, the
Firm’s primary objective has remained constant: to serve as an
organization’s most trusted external advisor on critical issues facing
senior management. With consultants deployed from over 109 locations in
61 countries, McKinsey advises companies on strategic, operational,
organizational and technological issues. The Firm has extensive
experience in all major industry sectors and primary functional areas as
well as in-depth expertise in high-priority areas for today’s business


Time Inc.
Kerri Chyka, 212-522-3651
VP, Brand Communications
& Company
Natasha Wig, +91 22 66302131
Manager, Corporate
[email protected]


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