Punit Goenka, Managing Director and CEO of Zee Entertainment Enterprises Ltd (ZEEL) was awarded on Saturday the Business Today Best CEO award in the media and entertainment category for 2016.
The award was presented by Minister of Law & Justice and Electronics & Information Technology Ravi Shankar Prasad, India Today group Chairman and Editor-in-Chief Aroon Purie and Wave Group Vice Chairman Manpreet Chadha.
Accepting the prestigious award on behalf of ZEEL Chairman Dr Subhash Chandra and the Zee team, Punit Goenka said, “We have consistently grown ahead of market, expanded our network viewership share and experienced growth of our product bouquet, both in India and internationally. As we approach our Silver Jubilee, I am confident that driven by innovation and creativity, we will move one step closer towards achieving our ambition of becoming the world’s leading media company from the emerging markets.”
The other prominent recipients of the BT Best CEO Awards for the current year were Sunil Bharti Mittal, Chairman of Bharti Airtel, C P Gurnani, CEO & MD of Tech Mahindra and Sunil Duggal, CEO of Dabur.
The methodology used for selection of the Best CEO Awards entailed an extensive study of a company’s operational performance and returns to its shareholders. This exercise was carried out by BT’s Knowledge partner PwC India. The business magazine first used the BT500 list of most valuable Indian companies as a base and then analysed three-year data, using parameters such as growth in total income, total shareholder returns and profit before interest and tax (PBIT).
“Based on this analysis, an independent jury comprising renowned business leaders, Nimesh Kampani, Founder and Chairman, JM Financial Group; Kalpana Morparia, CEO of JP Morgan India; Haigreve Khaitan, Senior Partner, Khaitan & Co; and Sri Rajan, Chairman, Bain & Co. India. then chose the final winners for this year,” said the statement issued by the ZEEL.
The company reported a 21.76 per cent increase in its consolidated net profit at Rs 216.96 crore for the quarter ended June 30 compared to net profit of Rs 178.18 crore in the same period of previous fiscal.