~ Jointly established by CavinKare and MMA, the award property also honored the winners with
Rs. One Lakh Cash Reward ~
Chennai, 22nd October 2022: Celebrating the spirit of entrepreneurship with zeal, CavinKare jointly with Madras Management Association hosted the 11th edition of the Chinnikrishnan Innovation Awards 2022 in the city today. The annual award property that aims to identify and bring to the fore hidden entrepreneurial gems, recognized, and honored three innovative ventures.
Mr. Alok B Sriram, Senior Managing Director & CEO, DCM Shriram Industries Ltd, New Delhi presided over the event as the Chief Guest along with Mr. CK Ranganathan, Chairman & Managing Director – CavinKare. The winners were also honored with Rs. One Lakh cash reward each by CavinKare in recognition of their impactful contributions.
Established in 2011 in fond memory of the Late Shri R Chinnikrishnan, and to honor his innovations that spearheaded the FMCG industry, the award has honored many small-scale firms for their innovations. Since its inception the award property has recognized 33 enterprising entrepreneurs from across the country. Now in its 11th year, the award property has scaled up the hunt for best of the best entrepreneurs, nationally. CavinKare mentors winners of the innovation awards in marketing, finance, design, packaging, R&D, and HR.
Speaking on the occasion, CK Ranganathan – Chairman & Managing Director of CavinKare Pvt. Ltd said, “We are thrilled to be recognizing these astounding innovations by entrepreneurs from across the country today in our city. Chinnikrishnan Innovation Awards over the years has brought to foray multiple innovators who continue to solve key challenges in the society. Innovation is a key driving factor in any business to solve critical challenges. We have seen some phenomenal innovators in this event today who are moving mountains in their respective fields and reshaping the future. It has indeed been an exhilarating experience for the jury to unravel these unique enterprises and their offerings. We wish all these innovators a successful journey ahead”.
The call for nominations process received 236 applications from across the country, where the nominees were scrutinized/interviewed under various stringent guidelines streamlined by process advisor E&Y. The distinguished panel of Jury from across the nation for this prestigious award were Mr. Clement Joshua Foulger, Country President & Managing Director, Bharat FIH Ltd, Ms. Shuba Kumar, Managing Director, Natesan Synchrocones Pvt Ltd, Mr. Sendhil Naathan, Managing Director, TANFAC Industries Ltd,
Dr. Shankar M Venugopal, Vice President, Mahindra & Mahindra Ltd and Prof. L S Ganesh, Professor (Retd), IIT Madras., Vice Chancellor, ICFAI Foundation for Higher Education.
The following entrepreneurs were awarded the coveted 11th CavinKare-MMA Chinnikrishnan Innovation Awards 2022:
- Mr Rajith Nair & Mr Prasanth Thankappan of Inntot Technologies Private Limited for their outstanding contribution in Digital Radio Broadcasting with inherent advantage of high-quality Audio for long distance reception and very useful features at affordable cost.
- Mr Divanshu Kumar of Solinas Integrity Private Limited for outstanding contribution in innovatively designing a septic tank cleaning robot to reduce the human intervention inside the septic tanks.
- Mr Mansukhbhai Prajapati of Mitticool Clay Creation, as a special recognition of his outstanding contribution in innovatively designing, development and large-scale manufacture of a non-electric, ecofriendly Refrigerator ‘Mitticool’.
About the Chinnikrishnan Innovation Awards: Dreamer, innovator, ideator, entrepreneur – just some of the words that can describe Late Shri R Chinnikrishnan, the man who pioneered the sachet revolution. His ideas were based on the simple philosophy that, “What the rich man can enjoy, the poor man should be able to afford”. Today, his innovations are seen in every shop in the form of sachets. They stand testimony to the fact that his dream is alive and well. CavinKare has constituted an award as a tribute to Late Shri R. Chinnikrishnan to encourage businessmen/businesswomen running small and tiny scale industries. “The Chinnikrishnan Innovation Awards” focuses on the overall value of the innovation in terms of its uniqueness, its benefits to people, its ability to be scalable and sustainable. The awardees will be mentored in all their business development activities covering varied specializations along with cash prize of Rs. 1 Lakh.
About CavinKare Pvt. Ltd: CavinKare is a diversified FMCG major with a business interest in Personal Care, Professional Care, Dairy, Snacks, Foods, Beverages & Salons. The brand portfolio consists of Shampoos (Chik, Meera, Karthika and Nyle), Hair Wash Powders (Meera & Karthika), Coconut Oil (Meera), Fairness Creams (Fairever), Deodorant & Talc (Spinz), Pickles & Snacks (Ruchi, Chinni’s & Garden), Hair Colours (Indica), Retail Salon Products (Raaga Professional), Beverages (Maa), Dairy(Cavin’s), and Beauty Salons (Green Trends & Limelite). Under some of its key personal care brands, CavinKare also offers hand sanitizers and liquid soaps. Most of the brands are clear winners in their respective product categories. A dedicated R & D center equipped with the latest equipment and technologies constantly supports the divisions in their endeavor. CavinKare has achieved significant milestones and a competitive edge with a sound understanding of mass marketing dynamics and has established a firm foothold in the national market. CavinKare’s success is based on it being firmly grounded in its corporate mission ‘We shall grow significantly better than the industry by fostering innovation and building preferred brands, through passionate and delighted employees.
About Madras Management Association (MMA): Madras Management Association (MMA) was established in 1956 with the objective of promoting management education, training, and development activities in this part of the country. The vision of MMA is: “To be the fountainhead of world-class managementexcellencein India.”
With over 8000 corporate houses, professionals, academics and executives as members, MMA fosters and nurtures management expertise by combining Indian ethos with global management thoughts and practices. Every year, MMA organizes about 750 executive development activities, including seminars for top management. Over 2,00,000 executives and entrepreneurs have participated in MMA’s regular events.
Madras Management Association is the largest affiliate member of All India Management Association (AIMA). It has been adjudged the Best Management Association in India by AIMA for thirteen times in a row including for the year 2021-22. MMA has local chapters in Ambur, Attur, Erode, Hosur, Namakkal, Salem, Sri City, Trichy, Puducherry, and Chengalpattu.
Apart from corporate leaders, MMA Managing Committee also includes as members the Vice Chancellors of Madras University and Anna University, the Directors of IIT Madras and KREA University, and the Chief Secretary of Government of Tamil Nadu.