Deloitte Private announces India’s Best Managed Companies for 2023

Deloitte Private announced the winners of third edition ‘India’s Best Managed Companies’ for 2023. Six companies emerged as winners in this edition. Marico Limited, Crompton Greaves Consumer Electricals Limited, Syngene International Limited, Carborundum Universal Limited, Welspun Living Limited (formerly known as Welspun India Limited), and CEAT Limited were the winning companies.

Crompton Greaves Consumer Electricals Limited and Welspun Living Limited have made it to the list for the second time consecutively. While, Carborundum Universal Limited made it to the 2023 list after qualifying once before in 2021.

The winners were announced in the awards ceremony held on January 12 in Mumbai.

"The Best Managed Companies 2023 honorees, emerging from a meticulous and comprehensive evaluation process, are more than just winners in a competition; they are pioneers redefining industry standards,” said K.R. Sekar, Partner, Deloitte India.

“These companies are not just driving economic growth; they are shaping the future of their respective industries, demonstrating that ethical practices and innovative strategies are key to long-term success in the rapidly evolving business world,” added Sekar.

According to Dhiraj Bhandary, Partner, Deloitte India, participants engaging in this programme undergo a thorough and independent evaluation.

“It was gratifying to see several of last year's participants make it to the list again, displaying their excellent management, resilience, and innovation in a dynamic business environment. Participants engaging in this programme undergo a thorough and independent evaluation, where they are assessed based on a uniform framework focusing on four key aspects of business excellence: strategy, capabilities and innovation, culture and commitment, and governance and financials,” said Bhandary.

The Best Managed Companies programme significantly contributes to the advancement of private businesses, thereby securing a more promising future for stakeholders, he added.

The Best Managed Companies programme has brought value to almost 1,300 private companies across 45+ countries.

The winners were assessed by a panel consisting of industry experts Kalpana Morparia, former chairperson of JP Morgan, South and Southeast Asia, Ajay Tyagi, former chairman of the Securities and Exchange Board of India (SEBI); Dr Alka Mittal, former CMD and director (HR) at ONGC; and Harish Bijoor, brand and business-strategy expert and founder of Harish Bijoor Consults Inc.