Jubilant Food Works won the most promising company of the year at CNBC TV18′s India Business Leader Awards (IBLA) .The pizza and donut master franchisee had a 50% growth in revenue and profit and 80% gain in market capitalization.The competition was stiff as Hexaware , Indraprastha Gas , Jubilant FoodWorks , M&M Financial Services and Muthoot qualified for the top spot.
Previous years this award has been claimed by the likes of GMR , Asian Paints , Lupin and Thermax all mid-sized public listed companies but on the verge catapulting into the big-league! It’s that promise the jury was looking for in this year’s winner as well
Sunil Mittal, chairman & Group CEO, Bharti Enterprises and jury member, IBLA 2012, says-“ I think the jury has to be very conscious that the decision that they take in the favor of one out of the many nominees on a whole is the test of time and that five years down the line when you look back, one should feel that we did justice to that particular category”.
Raghav Bahl, MD, Network18 and jury member, IBLA 2012, says that we needed to see somebody who had launched a new business but had launched it with a fairly good pace and success in the initial year but also the fact that the business had the potential to become much larger in the coming years. And Jubilant fitted all these parameters very well.