Finance Minister Jaswant Singh presented Business Today India's Best Managed Company award to Mukesh Ambani and Anil Ambani, Reliance Industries, at a glittering function held at the Taj Hotel, Mumbai, on June 9. The awards function was part of the Business Today-Microsoft Strategy Summit.

Reliance Industries was chosen the Best Managed Company from among 16 other industry leaders who made it to the final round in a survey conducted by AT Kearney. These 16 finalists, selected from over 250 companies across nine industries, included representatives from automotive, energy and utilities, financial services, fast moving consumer goods, IT and telecom, manufacturing, metals and minerals, process, and pharma and healthcare.

The survey conducted jointly by Business Today and AT Kearney was based on the consulting firm's proprietary tool, The Value Growth Matrix, a methodology perfected through a consistent 10-year longitudinal study of more than 10,000 companies across the world.

Speaking on the occasion, Devinder Chawla, vice-president, AT Kearney, said, "This path-breaking study is the result of 18 months of very close teamwork. In the past year and half, together with Business Today, we have consciously striven to provide India Inc with a holistic sense of what it takes to be a value builder in the Indian environment. We have found the similarity of learnings from India Inc and AT Kearney's global study quite remarkable."