Unveiling Indias fastest growing construction cos and equipment bestsellers!
It is true that the impact of COVID-19 impact on India Inc in FY2020 was only for a few days - the last two weeks of March. But many would agree that the Indian economy was already in trouble and COVID-19 only exposed the fault lines.
Nevertheless, despite all the obstacles, uncertainties and challenges, a few entities managed to persevere and prevail, posting growth and exhibiting excellence, keeping their growth intact. And these are the companies, from the universe of construction, contracting, engineering, building materials and construction equipment that the Foundation of Infrastructure Research Studies Training (FIRST) honours - many of whom will be awarded for their outstanding work at the 6th INDIA CONSTRUCTION FESTIVAL (ICF) 2020.
Organised by the FIRST Construction Council and Construction World and Equipment India magazines, the ICF has seen participation of the entire Indian construction industry. The Prime Minister of India Narendra Modi has lauded this platform for its ability and intention of showcasing the best and encouraging the industry by setting standards of excellence.
The ICF Online, to be held virtually for the first time ever due to the ongoing pandemic, on October 15-16, 2020, will comprise four sub-events:
Once again, the festival has the partnership of New York-based Engineering News-Record magazine, popularly known as ENR - the world's oldest and largest circulated engineering magazine - to honour and felicitate not only India's fastest growing construction companies, India's Top Challengers and India's Bestselling Equipment Companies but also felicitating Global Leading Design and Engineering Firms.
Last year, ICF was a celebration of victory! More than 60 awards and honours were conferred upon leading Construction Companies, Global Design and Engineering Firms and Building Materials and Equipment Companies.
And, this year too, we will bestow a similar number of awards on deserving companies.
While the assessment criterion for the EQUIPMENT INDIA Awards is based on sales; the CONSTRUCTION WORLD Global Awards follows a statistical model developed by FCC to analyse and present India's Fastest Growing Construction Companies. The model uses financial data of the last six year, and companies are categorised under 'Large Category' if the turnover for the current year is greater than Rs 75 billion, under 'Medium Category' if the turnover is over Rs 20 billion but under Rs 75 billion, and under 'Small Category' if the turnover is under Rs 20 billion, but over Rs 2 billion.
The analysis for both awards is then presented to an eminent jury (independent jury panels for both award categories) to finalise the set of winners from among the shortlisted companies. These are India's first and most prestigious awards recognising the contribution of the construction industry. These are the only set of awards that rank companies based on their financials and profitability.
Further, handpicked by the jury for outstanding contribution to their industry, CONSTRUCTION WORLD Global Awards will once again recognise the 'CONSTRUCTION WORLD Person of the Year 2020' in the Public Sector as well as the Private Sector. Further, at the two-day event, the EQUIPMENT INDIA Awards will also recognise the 'EQUIPMENT INDIA Person of the Year 2020' title!
FIRST has also created another model for the "Top Challengers" Awards where companies including infrastructure developers, building materials and construction equipment are also considered and selected on the basis of their ability to grow over the previous year despite challenging circumstances. These companies too will be recognised at the CONSTRUCTION WORLD Global Awards.
This year, the esteemed Jury Advisory Panel for the 18th CONSTRUCTION WORLD GLOBAL AWARDS virtually met on September 17, 2020, members of which included:
Benjamin Breen, Managing Director, Asia Pacific Global Head of Construction, Project Management Institute
Farid Ahmed, Divisional Head Marketing - OHT, Apollo Tyres
Mohamed Ali Janah, President, IFAWPCA, Maldives
Pradeep Singh, Former Vice Chairman, IDFC Projects
RK Narayan, COO, Allcargo Logistics Park
Vijay Agrawal, Executive Director, Equirus Capital
Vipul Roongta, Managing Director and CEO, HDFC Capital Advisors
And, the esteemed Jury Advisory Panel for the 8th EQUIPMENT INDIA AWARDS
virtually met on September 24, 2020; members included:
- Anant Raj Kanoria, CEO, iQuippo
- Arun Sahai, COO, Ahluwalia Contracts (India)
- Devendra Kumar Vyas, Managing Director, Srei Equipment Finance
- Farid Ahmed, Divisional Head Marketing û OHT, Apollo Tyres
- Gaurav Tiwari, General Manager û Mech, Dilip Buildcon
- HS Mohan, CEO, Infrastructure Equipment Skill Council
- Kennady V Kaippally, Country Manager, Bonfiglioli Transmissions
- Mahesh Madhavan, Head - Construction & Infra Practice, Feedback Advisory
- Neerav Parmar, Senior Vice President - Contracts and Procurement, Shapoorji Pallonji Sameer Malhotra, Director & CEO, Shriram Automall India
- Samip Desai, Director, Moba Mobile Automation (India)
- Samir Bansal, GM India, Off-Highway Research
- Sandip Shah, AVP-Head, Contracts & Procurement, Omkar Realtors
- Sanjay Koul, Managing Director, Timken India
- Sanjeev Nimkar, Managing Director, Kirloskar Oil Engines
While the assessment criterion for the EQUIPMENT INDIA Awards is based on sales; the CONSTRUCTION WORLD Global Awards follows a statistical model developed by FCC.