Penningtons Manches' India group announces competition winners

Posted: 14/03/2014

Penningtons Manches’ India group has announced the winners of its International Future Leaders Prize. This competition was for business management students to identify business opportunities in India’s expanding consumer market place. More than 50 students submitted business plans based on the title ‘Tomorrow’s products for today’s India – routes to market for new products to satisfy India’s consumers’ demands and needs’.

The winner of the International Future Leaders competition was Shruti Ghurye, a student of SP Jain Institute of Management in Mumbai, who was awarded an internship with Tata Capital in Mumbai.

The three runners up were Rajesh Soundararajan and Smita Singh of SP Jain Institute of Management and Kamya Jaiswal of the Indian Institute of Management, Ahmedabad. Their prize is the opportunity to contribute to a Penningtons Manches report on the top bottlenecks for foreign investors in India and Indian investors in their internationalisation process.

The judging panel comprised  Brian Tempest, chairman of Religare Capital Markets; Geoffrey Van Orden, chairman of the EU-India Chamber of Commerce; Praveen Kadle, managing director and CEO of Tata Capital Limited; and David Raine, CEO of Penningtons Manches.

Rustam Dubash, head of the India group at Penningtons Manches, said: “We were delighted with the level and quality of the interest we received from a wide variety of institutions and students and the jury members had a difficult task selecting the eventual winners.  As we look forward to the next Penningtons Manches International Future Leaders Prize, I would like to thank the jury members and Tata Capital for supporting this initiative.”

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