The IMT Gaziabad has won the V-Guard Big Idea Business Plan Contest 2019 which witnessed entries from top business schools in the country. Goa Institute of Management and NMIMS, Mumbai were declared first and second runner up respectively from the 25 teams shortlisted after the rigorous selection process. IIM Raipur and Great Lakes Institutes of Management, Gurugram won special jury award in the contest. The competition themed ‘transform the kitchen to bring home a better tomorrow’ was meant for the participants to present insightful and innovative ideas for business growth in alignment with the business strategy of V-Guard. The winners were awarded cash prizes worth Rs. 2,00,000, Rs.1,00,000, Rs.50,000 for the top three positions respectively along with trophies and certificates of appreciation. Two teams also received Special Jury awards worth Rs. 25,000.
Contesting teams presented their ideas during the grand finale held on 27th and 28th September at Kochi. The five-member Jury Committee who chose the winners was headed by Mr. Rajesh Nair (Operating Partner at Emerge Ventures PTE) along with Mr.MithunChittilappilly (Managing Director, V-Guard Industries Ltd.), Mr. V. Ramachandran (Director & COO, V-Guard), Mr. SudarshanKasturi (Sr. Vice President & CFO, V-Guard) and Mr. Mohammed Tanveer (Sr. GM -New Product Development, V-Guard). The ideas put forth were judged on parameters such as ingenuity, practicality of application, feasibility, simplicity and the positive impact it can have on V-Guard’s business and its consumers. Mr. KochousephChittilappilly, Chairman, V-Guard Industries Ltd. was the chief guest for the valedictory ceremony.
The event has created a platform for interaction with top leaders of V-Guard, wherein the young minds can discuss and understand the business challenges to fine tune their thought process and foster a spirit of innovation in them.
Since its inception in 1977, V-Guard, has always believed in creating and delivering quality products with its consumers at the core. Innovation being the driving force in anything and everything the brand sets out to do. The V-Guard Big Idea B-Plan Contest was conceptualized with this very objective in mind. As a socially responsible brand committed to the cause of growth of the nation, it is our belief that the foundation of the strong and sustainable growth of the nation are its empowered youth who needs to be constantly encouraged. V-Guard Big Idea B-plan Contest is a stage that allows these extraordinary young minds to present their ideas that could transform the world.