1. Subodh Kant Sahai confers IACCs 8th Indo-American Corporate Excellence
Awards
Indian companies like TCS, Binani Industries and Reliance Mediaworks awarded
Press Release: 4th July 2012
Mumbai, July 4, 2012: The Indo-American Chamber of Commerce (IACC), the only bi-lateralChamber of
Commerce in India, today formally honoured Tata Consultancy
Services, as theOverall Best Indian Company in US at the 8th Indo-American Corporate Excellence
Awards (IACE) held at Hotel Trident, Nariman Point in Mumbai also commemorating the American
Independence Day.The chief guest at the event was Shri Subodh Kant Sahai, Hon’ Union Minister for
Tourism, GoI. The event witnessed the creme da la crème of India and US Corporate and entertainment
world. Bollywood Star Salman Khan was the guest of honour alongwith Harsh Goenka, Chairman, RPG
Group and Peter Haas, Consul General of USA, who gave away awards to winners in various categories.
The event witnessed a high-profile guest list which included well-known Bollywood personalities.
On the occasion Mr Subodh Kant Sahai said ’Tourism to be made a sector for employment generation
and economic development’ he further said’ our target is to attain 1% per cent of the World Tourist Arrivals
by the end of the 12th Five Year Plan Period’. He then stated ’Foreign Tourists Arrival in 2011 was 6.29
million and foreign exchange earnings generated was US$ 16.56 billion i.e. Rs. 77591 crore’. He iterated
’Improving ties between the two countries and democratic setup of government in both countries provides
a conducive environment for promotion of tourism between the 2 countries is need of the hour as USA is
the number one source market for inbound tourism to India’, he then added ’in the Year 2011 India
received almost 16% of it’s total inbound tourists from USA’. He further stated’ India has 33 functional
Institutes of Hotel Management (IHMs) comprising of 21 Central IHMs and 12 State IHMs and 6 Food
Craft Institutes. Faculty exchange programmes can be organized between the Human
Resource Development Institutes in India and USA’. He then concluded’ a special programme can be
organized wherein the HRD experts from India and USA can visit some of the Institutes in both countries
and interact with the teaching faculty through conferences and seminars’.
Mr. Anand Desai, National President, IACC commenting on this celebratory occasion said,’Both India
and US play a significant role in today’s global arena. US and India, the world’s twolargest democracies
are rapidly strengthening their bilateral ties and IACC has played a fundamental role in promoting and
strengthening Indo-US trade and business relationships for over 40 years. Through these awards, we
strive to motivate companies in both countries to deliver greater value to their customers, enhance
employment and participate in CSR, in turn boosting the economy of both countries.’
Speaking on this occasion Mr. Pradeep Udhas, Chairman, I-ACE Awards, and Executive Director,
KPMG said,’ The US-India partnership is realizing more of its great potential with each passing year. The
continuing trade and investment association between businesses & entrepreneurs of both these great
nations, coupled with improved collaboration and coordination between our governments, we will address
many common challenges and achieve shared goals, ultimately leading to improved economic well-being
for the citizens of both countries.’
On being awarded as the Overall Best Company, Mr. S. Mahalingam, CFO, Tata Consultancy Services
commented, ‘We are delighted to receive this award for corporate excellence from the Indo-American
Chamber of Commerce. North America is integral to our global operations and we continue to partner with
organizations in that region, helping them to create value on a sustained basis for all stakeholders.’
Trade between India and the US is expected to reach $100 billion by end of 2012, while Indian companies
are strengthening their presence in the US across various sectors. Some of the high potential sectors
identified by The Indo American Chamber of Commerce that would boost trade volumes are food
processing, education and infrastructure.
A snapshot of 8th Indo-American Corporate Excellence Awards Winners

2. Sr.
No
. Best US Company in India Winner Organization Representative
Best US Company in India in Mr. Sandeep Bhalla, Head of Retail
CITIBANK N.A.
1 Financial Services Banking, Citi Bank
Best US Company in India in Mr. B Raghavendran, Vice President
CISCO SYSTEMS INDIA
Technology & - Partner Organization, Cisco India /
PVT LTD.
2 Communications SAARC
Best US Company in India in Mr. Kewal Handa, Managing Director,
PFIZER LTD.
3 Manufacturing Pfizer Ltd.
Best US Company in India in GENERAL MILLS INDIA Mr. Ashutosh Phadke, Director – HR,
4 FMCG PVT LTD. General Mills India Pvt Ltd.
Ms. Malti Sachdev, Business Unit
Best US Company in India in
BAXTER INDIA PVT LTD. Director – Renal, Baxter India Pvt
Other Services
5 Ltd.
Mr. Karamjit Dua, VP – Advertising
Best US Company in India in DISCOVERY NETWORKS -
Sales, South Asia, Discovery
Media & Entertainment ASIA PACIFIC
6 Networks Asia - Pacific
Sr.
Best Indian Company in the
No Winner Organization Representative
US
.
Best Indian Company in the Dr. B. V. R. Mohan Reddy, Founder,
US in Technology & INFOTECH ENTERPRISES CEO, Chairman & MD, Infotech
7 Communications Enterprises
Mr. Braj Binani, Promoter &
Best Indian Company in the
BINANI INDUSTRIES LTD. Chairman & Mr. Vinod Juneja, Group
in US in Manufacturing
8 MD, Binani Industries Ltd.
Best Indian Company in the Mr. Anil Arjun, CEO, Reliance Media
RELIANCE MEDIAWORKS
9 US in Media & Entertainment Works
Best Indian Company in the ROSY BLUE INDIA PVT Mr. Russell Mehta, Managing
10 US in Gems & Jewellery LTD. Director,
Mr. Naresh Sharma, Whole Time
Best Indian Company in the CORE EDUCATION &
Director, Core Education &
US in Other Services TECHNOLOGIES LTD.
11 Technologies Ltd.
Ms. Sudha Parthasarathy, Executive
Best NGO DEEPALAYA
12 Director, Deepalaya
Sr. Best Indian Company in the
Winner Organization Representative
No. US
Best Indian Company in the TATA CONSULTANCY Mr. S. Mahalingam, CFO, Tata
13 US : Overall BEST SERVICES Consultancy Services
About IACC:
Established in 1968, The Indo-American Chamber of Commerce (IACC) is committed to

3. promoting trade and commerce between India and the United States and is now the leading bilateral
Chamber at the forefront of facilitating stronger business ties between two of the world's largest
economies currently serve over 2,800 members and have 14 offices all across India.
About I-ACE Awards:
The Indo-American Corporate Excellence Awards hosted by IACC every year recognizes the best U.S.
Companies in India and Indian Companies in US in various categories. The ceremony is also a
commemoration of the American Independence Day.
Quotes from the other winners of 8th I-ACE Awards –
Citibank (Best US Company in India in Financial Services): Quotation from Mr.
Pramit Jhaveri, CEO, Citi India, ‘It's an honor to receive this award, specially as we
celebrate Citi's 200th anniversary this year around the world, and 110 years in India.
This recognition demonstrates Citi's competencies in delivering differentiated products
and services and stands testimony to the faith clients have in us. We would like to thank
our clients and business partners for their support and we remain committed to offering
innovative solutions to meet the growing needs and demands from our valued clients.’
Pfizer (Best US Company in India in Manufacturing): Quotation from Mr. Kewal Handa, MD,Pfizer
Ltd., ‘It is truly an honor to receive the award for the Best US company Operating in India under the
Manufacturing Category. This award is ecognition of our business practices and processes that are
designed to achieve quality results that exceed the expectations of patients,customers, colleagues,
investors, business partners and regulators.’
Baxter India Private Limited (Best US Company in India in Other Services): Quotation from Mr.Anish
Bafna, Managing Director – Baxter India Private Limited,’ Baxter is honored to be recognized as the best
US Company Operating in India. This award is recognition of Baxter’s commitment to creating lasting
social, environmental and economic value for our stakeholders in India’s healthcare community.’
General Mills (Best US Company in India in FMCG): Quotation from Mr. Vijay Sood, Vice President &
Executive Director, General Mills India Pvt Ltd., ’I am delighted that General Mills India has been
acknowledged as the Best US Company Operating in India in the FMCG Category, and I humbly accept
this award as recognition of what General Mills has built in this country over the past 16 years, and the
participative, progressive and socially-responsible culture that it has created.’
Discovery Networks Asia-Pacific (Best US Company in India in Media & Entertainment): Quotation
from Mr. Rahul Johri, senior vice president and general manager – South Asia, Discovery Networks Asia-
Pacific-‘This award is a recognition of Discovery Networks Asia-Pacific’s commitment to engage and
entertain Indian viewers with unique and credible programming. It exemplifies and values the positive
contribution that the network brings through its innovative content.’
Infotech Enterprises (Best Indian Company in US in Technology & Communications):Quotation
from Dr. BVR Mohan Reddy, Founder, CEO and Chairman & MD, Infotech Enterprises, ’I am very
pleased to receive the Indo American Corporate Excellence Award by Indo American Chamber of
Commerce. This award has a special significance to us because of our close business relationship with
the US. Over 60% of our revenues come from the US market and around 10% of our employees are US
citizens.’
Binani Industries Ltd(Best Indian Company in US in Manufacturing).: Quotation from Mr. Braj
Binani, Promoter and Chairman & Mr. Vinod Juneja, Group MD, Binani Industries Ltd.,‘ With a rich legacy
that spans over 139 years, the Braj Binani Group is a multi-dimensional business conglomerate having
global operations in India, UAE and China. Already exporting to over 26 countries, the Group has
strategic expansion plans in some of the world's fastest growing economies’. He further said ’ with an
annual turnover of over INR 30000 million, the group employs a 2000 plus strong, professional and
committed workforce. From its inception to its ongoing growth and progress, the Braj Binani Group has

4. maintained its strong allegiance to continual improvement. Values of honesty, transparency and efficiency
have formed the core of the Group's foundation and have propelled it towards a global leadership
position’.
Best Regards,
Ajay Pancholi
Event Coordinator
8th Indo-American Corporate Excellence Awards