AWARDEES FOR THE YEAR 2016-17
For `ICAI Awards for Excellence in Financial Reporting' for the year 2016-17, the Panel of
Judges meticulously considered the financial and other information contained in the Annual
Reports and Accounts of the participating enterprises and wherever the entities were not
fulfilling the benchmark of `Excellence in Financial reporting' decided not to give away an
award. The awardees for the competition for the year 2016-17 are detailed hereunder:
Category Award Name of the Entity Annual Report
and Accounts for
the year ended
I Public Sector Nil
Banks
II Private Sector Plaque for Commended Kotak Mahindra Bank March 31, 2017
Banks (including Annual Report Limited
Foreign Banks)
Plaque for Commended HDFC Bank Limited March 31, 2017
Annual Report
III Co-operative Decided not to give any award in this category
Sector Banks
IV Life Insurance Silver Shield ICICI Prudential Life March 31, 2017
Insurance Company Ltd.
Plaque for Commended HDFC Standard Life March 31, 2017
Annual Report Insurance Company Ltd.
V Non-Life Decided not to give any award in this category
Insurance
VI Financial Decided not to give any award in this category
Services Sector
(Other than
Banking and
Insurance)
VII Manufacturing Silver Shield Coromandel International March 31, 2017
and Trading Limited
Sector (including
entities engaged
in processing,
mining,
plantations, oil
and gas
enterprises)
(Turnover equal
to Rs. 3000 crore
or more)
VIII Manufacturing Silver Shield Atul Limited March 31, 2017
and Trading
Sector (including
entities engaged
in processing,
mining,
plantations, oil
and gas
enterprises)
(Turnover equal
to and between
Rs. 500 crore and
Rs. 3000 crore)
IX Manufacturing Gold Shield Kewal Kiran Clothing March 31, 2017
and Trading Limited
Sector (including
entities engaged
in processing,
mining,
plantations, oil
and gas
enterprises)
(Turnover less
than Rs. 500
crore)
X Service Sector Silver Shield Mindtree Limited March 31, 2017
(Other than
financial services
sector) (Turnover Plaque for Commended Tata Consultancy Services March 31, 2017
equal to or more Annual Report Limited
than 500 crore)
XI Service Sector Decided not to give any award in this category
(other than
financial services
sector) (Turnover
less than 500
crore)
XII Not-for- Profit Gold Shield The Akshaya Patra March 31, 2017
Sector Foundation
Plaque for Commended Vidya Dairy March 31, 2017
Annual Report
XIII Infrastructure Decided not to give any award in this category
and Construction
Sector (Turnover
equal to more
than 500 crore)
XIV Infrastructure Decided not to give any award in this category
and Construction
Sector (Turnover
less than 500
crore)
Disclaimer: The awardees have been selected by the panel of judges on review of accounting
practices adopted by the participating enterprises in the preparation of their financial statements
without regard to their financial condition and operating performance. Accordingly, the awards
signify that the accounting policies followed by the concerned enterprise are the best amongst the
enterprises that have participated in the Competition.
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