Risk Management Awards | IRMA Awards

Small-level Companies (Annual turnover: 50-499 Crores)

ICICI Lombard and CNBC-TV18 welcome you to participate in the 11th edition of the India Risk Management Awards.

It is our endeavor to recognize the best risk management initiatives in the industry which are innovative, path-defining and yet grounded in robust risk management fundamentals.

We encourage you to share your risk management stories with us in form of articles, case studies and/or success stories.

1. Eligibility criteria

Participant organization must be registered in India as a sole proprietorship, partnership, public company, private company, HUF, or trust MSMEs having at least 2 complete years of operations in India as on March 31, 2024
An organization cannot participate on behalf of its sister units, parent organization or other organizations under the parent organization.
Insurance companies are not eligible to participate
The final eligibility of the Participant will be subject to the discretion and approval of Jury and/ or Awards Management.
Participant must have a revenue of INR 50-499 Cr in FY 23-24.

2. List of nomination categories

While participants can apply for multiple categories, please go through the criteria below and description of nomination category before submitting your nomination.

You can apply for only one category

General nomination categories – Masters of Risk
1	Agriculture	This award is for an organization that has developed best in class risk management strategies and processes within Agriculture Industry
2	Manufacturing	This award is for an organization that has developed best in class risk management strategies and processes within Manufacturing Industry
3	Services	This award is for an organization that has developed best in class risk management strategies and processes within Manufacturing Industry
4	Newcomer of the year/Rising star	The "Newcomer of the Year/Rising Star" award recognizes a newly established organization (Last 2-5 years) that has showcased exceptional achievements in developing innovative and effective risk management strategies.

3. Instructions for submitting nominations

Forms should be filled in English. Please submit your responses in the editable nomination forms only.
The Objective Form contains questions, against which multiple options are provided. You are requested to tick the options which are applicable to your organization.
Participants will receive a confirmation email within 10 working days of submission of their nomination form. Awards Management will not be responsible for nomination forms that are lost due to lapse in any communication on account of internet /server failure.
By submitting this nomination form, you agree to abide by all terms and conditions including the declaration form.
Ensure the ‘Declaration’ at the end of the form is filled and shared by an authorized representative of the company.
Nomination form(s) complete in all aspects should be mailed to cnbc@webcloud-tech.in from your official email ID latest by EoD February 10th, 2025
Please maintain one copy of the completed form with you for your records.

4. Terms & conditions

Employees of ICICI Lombard, CNBC-TV18 & Network18 and Knowledge Partner are not allowed to participate in the Awards.
Participants may be contacted for any additional information to verify the information provided. Such information sourced from the Participants will become part of the original application. If such a request is made and the Participant does not comply within 5 working days from the date the request is made, the Participant may be disqualified from participation in the Awards. Awards Management or team appointed by Awards Management will try to contact the Participant on best effort basis by any means deemed appropriate.
Information provided by the Participant will be confidential and will be used only for the limited purpose of evaluating the Participant’s entry to these Awards and preparing industry reports (without identifier) and participant reports.
Awards Management shall not be liable in any manner for any mishap, accident, injury, or damages etc. of whatsoever nature, caused to the participants during the Awards. Further, Awards Management shall not be liable in any manner for any loss, damage, theft, or any other mishap caused during the Awards.
Receipt of application forms after last date of receipt specified may be permitted only at the discretion of the Awards Management.
If at any time, including after the conclusion of any of the award ceremony, any information provided by any Participant(s), is found to be incorrect in any manner, then the Participant will be liable to be disqualified and / or return the Award.
Decision of Awards Management on all matters including tie breakers and determination of award winners is final and binding on all Participants and no correspondence will be entertained on the same.
By participating in the Awards, the participant agrees to abide by and be bound by Terms & Conditions established by the Awards Management Team.
All disputes relating to or arising out of the Awards shall be subject to the laws of India, and shall be subject to the exclusive jurisdiction of the courts of competent jurisdiction at Delhi, India

In case of any queries, please feel free to contact the following:

Name: Annu

Contact number: +91 98207 75032

E-mail id: cnbc@webcloud-tech.in

PARTICIPANT INFORMATION

Name*:

Email ID*:

Contact*:

Designation*:

Details of the Board of Directors (count & the name of the Directors), if any*:

Website link *:

Link to Management/Leadership Structure page *:

Name of the owner(s)/promoter(s) *:

Years of experience*:

Educational Background*:

Domain Expertise and any proven track record*:

Names of the key investor(s) *:

Percentage Investment*:

Since when have they been invested (s) *:

Please share a brief description about your organisation’s core business.(Maximum 250 words.)

General Category Awards – Masters of Risk

(a) Please select against the category for which you wish to submit your nomination (Only 1)

1. Agriculture

2. Manufacturing

3. Services

4. Newcomer of the year/Rising star

GENERAL CATEGORY NOMINATION FORM

1.Performance

Please provide following information pertaining to FY 2023-2024 and FY 2022-2023:

Particulars	FY 2023-2024	FY 2022-2023
1. Years of operation of entity in India
2. No. of full-time employees
3. EBITDA
4. Total Annual Turnover (Revenue)
5. Total Assets
6. Total Debt
7. Return on Capital Employed (ROCE)
8. Current Ratio
9. Interest Coverage Ratio

2.Risk Management

Please respond to following questions with a ‘Yes’ or ‘No’ as applicable for your organizations.(Risk Management practices)

1. Are there any policies / formal practices laid out for risk management?

2. Have risk management roles and responsibilities been allocated to any executives in the management?

3. Are there any Standard Operating Procedures (SOPs) for key processes and functions defined in the organisation?

4. Has the organization identified the existing risk across business processes?

5. Is there a Cyber Security framework to protect the organisation’s assets?

3.Technology

Please select which of the technologies / IT platforms are used in your organization.

1 . Separate system only for Finance & Accounting activities

2 . Leverage separate solutions for HR and Payroll

3 . Deployed ERP (Enterprise Resource Planning) for end to end process and value chain (sales, procurement, inventory etc.)

4 . Any other technology solution (please add in response field)

4.Internal Audit & Compliance Management

How are compliance to various internal and regulatory requirements like Labour laws, Company’s Act, GST etc. managed? Select the relevant option as applicable for your organizations

1 . A separate Internal Audit Function

2 . Legal/Compliance Function

3 . A Chief Compliance Officer

4 . A separate IT department with a Chief Information Officer

5. Salient Features of Risk Management Process

1) What are the factors/ salient features that help you stand out in the field of risk management in your sector?

2) Describe in detail how your company manages the following areas?

(a) Risk Identification :

(b) Risk Mitigation:

(c) Risk Monitoring:

How has it benefitted the organization’s performance in the past? Please share examples in brief, if any.

DECLARATION*

I, [name of declarant] hold the position of [designation] in [participating company] and I hereby declare the following:

By submitting this form from the company’s official email ID, I hereby confirm that I am duly authorized to make this declaration as an authorized representative of the company.
All the information contained in this application is true and accurate to the best of my knowledge.
I understand that CNBC-TV18 and it’s affiliates may choose not to take steps to verify the information contained therein, and responsibility for any harm or damages caused by my fraudulent or negligent misrepresentations will be my own. I also agree to abide by the terms and conditions mentioned on the Awards website and ‘CNBC-TV18 IRMA Nomination Form’
I authorize CNBC-TV18 and it’s affiliates to use the content submitted as part of this entry, in whole or in part and use and display such entry, which shall include trade publications, press releases, electronic posting to the Awards website, electronic hyperlinks to the website of the Participant, and any display format selected by CNBC-TV18 during the awards ceremony or at a later point in time, for a period of five years. Any such use shall ensure confidentiality and anonymity of information and data, as applicable.