3 Entrepreneurial Ventures Win the CavinKare-MMA ChinniKrishnan Innovation Awards 2024..!
Chennai, 14th September, 2024: CavinKare and Madras Management Association (MMA) hosted the 13th edition of the prestigious ChinniKrishnan Innovation Awards 2024 on 14th September 2024 at IITM Research Park, Chennai. Three ventures received the awards, which were aimed at discovering hidden entrepreneurial talents that address real-world challenges through innovation. Each winner was awarded a cash prize of ₹1 lakh by CavinKare along with a trophy and a citation. The event was graced by Ms. Prabha Narasimhan, Managing Director and Chief Executive Officer of Colgate-Palmolive (India) Limited, as the Chief Guest. A key moment of the event was the unveiling of a book dedicated to the memory of the Late Shri R. ChinniKrishnan, titled ChinniKrishnan: Father of The Sachet Revolution.
Established in 2011 in fond memory of the Late Shri R ChinniKrishnan to honor his innovations that spearheaded the FMCG industry, the award has—since its inception—recognized 36 enterprises from across the country. Now in its 13th year, the award property has scaled up the hunt for the best of the best entrepreneurs, nationally. In addition, CavinKare mentors winners of the innovation awards with assistance 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 honored to celebrate the exceptional individuals whose innovations have not only sparked creativity but have also addressed critical real-world challenges. The ChinniKrishnan Innovation Awards stand as a testament to this unwavering dedication. In recent years, the award has highlighted a diverse array of innovators within India's entrepreneurial ecosystem. Their work exemplifies how visionary thinking, and entrepreneurial spirit can effectively address societal needs and drive economic growth. These innovators have harnessed the power of technology, and sustainability, to tackle issues ranging from environmental sustainability to Healthcare. Congratulations to the exemplary individuals, whose commitment to making a profound impact provides a guiding example for us all."
"On a personal note, I am deeply honored to launch the book of my father, Late Shri R ChinniKrishnan titled ChinniKrishnan: Father of The Sachet Revolution. This book celebrates his groundbreaking vision and indomitable spirit, which led to the sachet revolution that transformed industries and uplifted millions. His dedication to making everyday essentials accessible to all left an indelible mark on the Indian economy. His legacy of innovation and perseverance continues to inspire me and countless others. I am proud to share his story, hoping it will inspire future generations to think boldly and strive for meaningful change", Mr. CK Ranganathan added.
Adding to this, Mr K Mahalingam, President, Madras Management Association (MMA) said,
"MMA takes immense pride in partnering with CavinKare for the ChinniKrishnan Innovation Awards. This collaboration underscores our mutual commitment to celebrating the power of innovation in India and honour the legacy of visionary leadership that drives meaningful change. Together, we are committed to recognizing and empowering innovators who are shaping the future of India with their groundbreaking ideas and support their aspirations through this accolade."
The call for nominations process received 380 applications from across the country, where the nominees were evaluated under various stringent guidelines streamlined by process advisor—Shardul
Amarchand Mangaldas & Co. The distinguished panel of Jury from across the nation for this prestigious award were—Lt Gen Karanbir Singh Brar, AVSM, General Officer Commanding, Dakshin Bharat Area; Mr A R Unnikrishnan, Managing Director, Saint Gobain India Private Limited; Mr Manoj Joseph Kallarackal, Managing Director, THEJO Engineering Limited: Mr V Suryanarayanan, Managing Director, Cholamandalam MS General Insurance Co Ltd; Mr Seetharaman, Managing Director, Super Auto Forge Pvt Ltd; Mr Lakshminarayanan Duraiswamy, Managing Director, Sundaram Home Finance Ltd; and Dr L S Ganesh, Vice Chancellor, ICFAI Foundation for Higher Education, Hyderabad.
The following path-breaking ventures were awarded the coveted 13th CavinKare-MMA ChinniKrishnan Innovation Awards 2024:
Axio Biosolutions Pvt Ltd
Innovation: Axiostat, a groundbreaking haemostatic dressing, is designed to save lives by rapidly halting severe bleeding. Its innovative and dependable technology makes it an essential solution for emergencies in both civilian and military settings.
GO DO GOOD STUDIO
Innovation: The Good Bubble Wrap delivers innovative, sustainable alternatives to single-use plastic packaging. From eco-friendly, leak-proof takeaway boxes to customizable printed sachets, The Good Bubble Wrap combines functionality with a commitment to reducing environmental impact. By replacing traditional plastic with these green solutions, it helps businesses and consumers make responsible choices without compromising on quality or convenience.
Urban Air Labs Pvt Ltd
Innovation: uBreathe revolutionizes air purification with its innovative bio-filtration-based technology, known as "Breathing Roots." This patented system integrates natural processes to enhance indoor air quality, promoting healthier living spaces. As the world's first plant-based air purifier, uBreathe sets a new benchmark in sustainable air purification by combining cutting-edge technology with nature's inherent ability to cleanse the air. This device not only purifies the air but also contributes to overall well-being by bringing the benefits of nature indoors, offering an eco-friendly alternative to traditional air purifiers.
About the ChinniKrishnan Innovation Awards: Dreamer, innovator, ideator, entrepreneur are 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, "Whatever the rich man enjoys, the common man should be able to afford too". 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 mid-scale industries. "The ChinniKrishnan Innovation Awards" focuses on the overall value of the innovation in terms of its uniqueness, its benefits to people, and its ability to be scalable and sustainable. The awardees will be mentored in all their business development activities covering varied specializations along with a 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), Skin Creams (Fairever, Spinz), 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) and Animal Hospital (SANCHU). 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 management excellence in 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 fourteen times in a row including for the year 2022 - 23. 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.
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