Innovation for India Awards is MIF’s biennial program that aims to showcase and celebrate currently hidden, potentially game-changing Indian innovations, offering them a getaway to recognition and a symbol of excellence in innovation.
2008
Business Innovation – Process
Maharani Paints is a company specialising in the manufacturing of various types of paints, coatings, and allied products such as thinners, powder coatings, and more. It has developed an eco-friendly technology for recycling paint sludge, and converting it into primer, undercoats, floor coating, structural primer, etc. as per customers’ specification & requirements.
Innovation in Business Model
Evalueserve is a leading technology-enhanced managed services provider. It is a pioneer of India’s Knowledge Process Outsourcing (KPO) industry, estimated to grow to $11.2 billion in 2010-11.
Innovation in Business Model
Su-Kam Power Systems is a leading power solutions company that challenged the status quo in power backup systems in India, that were marked only by generator sets. It created reliable, cost-effective, and energy-efficient solutions for power backup, organising a highly fragmented sector of gen-sets and other low quality products.
Business Innovation – Product
Kirloskar Brothers Limited (KBL) is a world-class pump manufacturing company with expertise in the engineering and manufacturing of fluid management systems. It completely broke through the centuries-old problem of dealing with syphoning systems and air pockets—ultimately benefiting the Sardar Sarovar Dam project. By making water available in its most arid regions (Saurashtra and Kutch), the innovation played a part in uplifting nearly 60% of Gujarat’s population.
Business Innovation – Product
Titan Industries is a reputed Indian brand that specialises in manufacturing fashion accessories such as jewellery, watches, and eyewear. It has created the world’s slimmest watch, perfected over many years of innovation.
Business Innovation – Product
Motor Industries Company Ltd. (MICO) specialises in manufacturing and supplying automotive parts and components. The organisation manufactured engines compliant with Euro 4 and Euro 6 emission norms, while providing the same benefit as traditional engines, for as little as 45 Euros or around INR 2,880 (cost of pump).
Business for Social
Bhinge Brothers is a Nasik-based organisation that manufactures and supplies a complete range of irrigation systems and manual pumps for the upliftment of small and marginal farmers across the world. The organisation innovated a pump that is virtually noiseless and does not use any power. It was also designed to be extremely affordable; priced at INR 2,400 as opposed to the regular pumps costing between INR 7,500-8,000.
Special Award – Social
The Azim Premji Foundation is a charitable non-profit organisation focussing on improving the school education system in India, particularly in disadvantaged areas of the country. The Foundation was presented with a Special Award for scaling up its efforts in covering education for 50,000 schools across five states.
Global Gamechanger
Tata Motors is one of India’s leading automotive companies that produces cars, trucks, buses, and electric vehicles. It undertook the design and launch of Tata Nano, India’s most affordable hatchback ever. Costing just INR 1,00,000 at launch, it was a frugal yet disruptive innovation that aimed to make cars affordable to the masses.
