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V-Guard Announces Big Idea Business Plan & Tech Design Contest Winners

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V-Guard Announces Big Idea Business Plan & Tech Design Contest Winners

Posted on November 21, 2021

Cochin: The winners of the annual Big Idea competitions organized by V-Guard Industries Ltd were announced on Saturday November 20, 2021. The finals of this year’s Big Idea Business Plan and Big Idea Tech design competitions were held on the 18th, 19th and 20th November 2021 and saw over 300 applications from top business schools and engineering schools across the country. Indian Institute Of Management, Nagpur won the first prize and first place in the Business Plan competition and SVKMS NMIMS, Mukesh Patel School Of Technology Management & Engineering, Mumbai declared first and second runners-up respectively in the competition out of a total of 22 teams shortlisted for the grand finale. International Management Institute, Delhi and Indian Institute Of Management, Sambalpur qualified for the Special Jury Prize.

Muthoot Institute of Technology, Vaikoli won first prize in the Big Idea Tech design competition. St Joseph College of Engineering and Technology, Palai and Christ College of Engineering, Irinjalakuda were declared first and second runners-up.

The themes for this year’s competition were “Tomorrow’s business models that will bridge the digital-physical gap to usher in a better future” for the B-Plan competition and “How V-Guard can enable better quality of life with thoughtful, smart products that bring home a brighter future” for the Tech Design Contest. It was for participants to present insightful and innovative ideas for business growth in alignment with the business strategy of V-Guard Business Plan competition winners were awarded cash prizes worth Rs. 2,00,000, Rs. 1,00,000, Rs. Big Idea Technology winners were awarded a cash prize worth Rs.100,000, Rs. Rs. ury under the Business Plan competition and received a prize worth Rs.25,000. The shortlisted teams showcased their ideas and competitive plans at a hosted virtual event.

The four-member Jury Committee that chose the Plan B winners was led by Mr. Rajesh Nair, Chief Business Officer, EY LLP, Kochi, together with V. Ramachandran, Director and Chief Operating Officer, V- Guard, Sudarshan Kasturi, Senior Vice President and Chief Financial Officer. , V-Guard and Mr. Narender Singh Negi, Vice President – ​​R&D (Electronics). Ideas submitted by entrants were judged on parameters such as ingenuity, practicality of the application, feasibility, simplicity, and the positive impact it can have on V-Guard’s business and its consumers. Mr. Kochouseph Chittilappilly, Chairman Emeritus, and Mr. Mithun Chittilappilly, Managing Director, V-Guard Industries Ltd. honored the farewell ceremony and awarded the winners.

The judging panel for the technology design competition includes Mr. Narender Singh Negi, Vice President – R&D (Electronics), Mr. Prasad Sudhakar Teni, Senior General Manager – Home Appliances and Mr. James M Varghese, GM – R&D (Design industrial).

The event created a platform for interaction with top V-Guard leaders, where young minds can discuss and understand business challenges to sharpen their thought process and foster a spirit of innovation within them.


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