IBLA 2020: Mukesh Ambani wins iconic Business Leader of the Decade award; Arun Jaitley conferred with Hall of Fame award

FP Staff

Mukesh Ambani, Chairman, Reliance Industries was recognised as the Iconic Business Leader of the Decade at the Indian Business Leader Awards (IBLA) held in Mumbai on Friday.

Rajesh Gopinathan, CEO and Managing Director of Tata Consultancy Services (TCS) won the Outstanding Business Leader of the Year in the 15th edition of the 'India Business Leader Awards' in Mumbai on Friday. TCS also bagged the iconic company of the decade award.

Former Union Finance Minister Arun Jaitley was posthumously given the Hall of Fame award for his contribution to the Indian economy.

The IBLA, hosted by India's Number 1 business channel CNBC-TV18, was presented to the RIL Chairman by Union Finance Minister Nirmala Sitharaman and Chief Minister of Maharashtra Uddhav Thackeray at a glittering ceremony in India's financial capital.

The CNBC-TV18 India Business Leader Awards (IBLA) is given to high-achievers, outstanding leaders and visionaries of corporate India who demonstrate exemplary achievements in their respective fields.

Union Finance Minister Nirmala Sitharaman,  Chief Minister of Maharashtra Uddhav Thackeray, Reserve Bank of India (RBI) governor Shaktikanta Das, Reliance Industries Chairman Mukesh Ambani, HDFC Chairman Deepak Parekh and Managing Director of Mahindra and Mahindra Pawan Goenka were the distinguished guests at the award function.

Thanking the jury, Ambani said he was only accepting the award on behalf of the young leaders of the company, and mentioned the roles of his children, Akash and Isha Ambani in taking the company forward.

"If you have followed Reliance over the last four decades, we started as a textile company and transformed ourselves as a petrochemical company, since then transformed ourselves as a refining and energy company. In the last decade, we have built a world-scale retail and consumer tech business," he said.

Ambani, under whom the Reliance group emerged as India's largest company, dedicated the award to his father and company founder Dhirubhai Ambani, as well as the young leaders who, he said, have transformed the business in the last decade.

He expressed optimism for the Indian economy over the next decade and said this was a golden opportunity for business leaders to collectively drive India to consistently being among the world's top three economies.

"I am very, very optimistic," Ambani told an audience that consisted of some of the most outstanding leaders and true visionaries of corporate India, and termed the current economic slowdown as "temporary pains".

Ambani said that for him, the only iconic leader was his father Dhirubhai and he had taught him that we have to dream big for Reliance and even bigger for India.

Chaired by Aditya Puri, managing director of HDFC Bank, an eminent jury selected winners from a compelling list of nominees.

List of IBLA-2020 winners
Categories Winners
Outstanding Business Leader of the Year Rajesh Gopinathan
Outstanding Company of the Year HDFC Bank
Most Promising Company of the Year Vinati Organics
Young Turk of the Year Rivigo
Young Turks Start-up of the Year Meesho
Lifetime Achievement Deepak Parekh
The Disruptors UPI
State of the Year Maharashtra
Brand Campaign of the Year Fevicol
Iconic Company of the decade Tata Consultancy Services
Iconic Business Leader of the decade Mukesh Ambani
Global Indian business icon Satya Nadella
Iconic Sports Leader of the decade P Gopichand
Iconic Entertainment Leader of the decade Karan Johar
Hall of Fame Late Arun Jaitley
Special Jury Mention Nykaa.com

Microsoft CEO Satya Nadella was honoured with the 'Global Indian Business Icon'. He was not present on the occasion.

NPCI, the unified payments interface, won The Disruptors award for disrupting fintech and making digital payments easy and accessible for millions of Indians.

HDFC Chairman Deepak Parekh was given the lifetime achievement award.

Maharashtra won the state of the year award and state industries minister Subhash Desai received the honour from Sitharaman.

(Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd which publishes Firstpost)

Also See: RBI Governor Shaktikanta Das says govt must continue reforms; green shoots of recovery need to sustain

RBI Governor Shaktikanta Das says no reason to doubt govt will meet fiscal deficit targets

Finance Minister Nirmala Sitharaman says 'steadiness' in economy is a good sign with Q3 GDP growth at 4.7%

Read more on Business by Firstpost.