MAM
Lifestyle wins ICICI ‘retailer of the year’ award
NEW DELHI: The 1st ICICI Bank Retail Excellence awards
2005, with 21 award categories, extended the ‘retailer of the year’ award to Lifestyle, whereas BS Nagesh of Shoppers’ Stop was awarded with the ‘retail professional of the year’ title.
The ‘mall of the year’ award went to Inorbit, and Reliance Webworld was bestowed with the ‘fastest growing retailer of the year’ and ‘launch of the year’ awards.
The ‘retailer of the year’ award was handed over to the Lifestyle team by ICICI bank MD & CEO KV Kamath yesterday at a function coinciding with the KSA Retail Summit here.
The awards were instituted along with India’s leading consultancy firm in the retail segment, KSA Technopak, as the knowledge partner.
The first ICICI Bank Retail Excellence awards 2005 honoured not only the top retailers and retail professionals, but also recognized innovations and best in class operations in the industry.
Among the new award categories included for the first time in the country were ‘loyalty program ‘, ‘global operations’, ‘fastest growing retailer’, ‘forecourt retailer’, ‘luxury retailer’, ‘e-retailer’, ‘exclusive brand retailer’, and ‘home and lifestyle retailer’.
Interestingly, for the first time in India, direct consumer feedback
was taken at retail stores for the short-listed entries of the first ICICI Bank Retail Excellence awards, before being presented for the final evaluation to a jury.
“Retailing in India has seen a paradigm shift with a focus on providing better, efficient, faster and economical services to the customers. These awards provide a platform to recognize retailers who are consistently seeking to innovate to satisfy and retain customers, while increasing profits at the same time,” said V Vaidyanathan, senior GM & head of retail business, ICICI Bank.
The selection and evaluation process of the awards had three phases. In phase I, entries were invited from retailers who had to provide detailed information on retail presence, merchandise on offer, total sales at MRP, net profit, total operating costs, average footfalls, loyalty club membership, and other details specific to each category.
Based on the evaluation of these forms, 5 nominees were short-listed
for each award category.
In phase II, direct feedback was taken from 50 consumers at the stores of each of the short-listed nominees. For the ‘mall of the year’ award category, opinions of five different brands present in the Mall were also taken.
In phase III, the results from the evaluation and consumer research were presented to a jury for final evaluation of the winners for each award category.
“Although organized retail is expanding rapidly across India, it needs
to factor in the changing dynamics of consumer buying behaviour very sensitively at every stage. After all, the best and most successful
retailers are those who can keep the consumer coming back. Our
evaluation of the awards has, consequently, focused on consumer
satisfaction and retention,” explained KSA Technopak Indian chairman Arvind Singhal.
Brands
Boeing appoints Barun as head of FP&A for global engineering function
Seasoned finance leader to steer budgets and strategy across global centres
BENGALURU: Boeing’s finance cockpit has a new pilot, and he is no stranger to turbulence or transformation. Boeing has appointed Barun as head of FP&A for global engineering, placing him at the centre of financial strategy for its worldwide engineering and technology operations.
Based in Bengaluru, Barun steps into a role that is as expansive as it is critical. He will serve as the primary finance lead for Boeing’s Engineering and Technology Centers globally, working closely with executive leadership to shape financial decisions, manage complex budgets, and design scalable finance processes that support the company’s growing engineering footprint.
In a note announcing his move Barun said, “I’m excited to share that I’ve joined Boeing Global Engineering. This opportunity is incredibly meaningful to me not just from a professional standpoint, but also for what Boeing represents globally.” He added that he looks forward to contributing to an organisation that continues to shape the future of aerospace and innovation.
Barun’s mandate spans strategic financial leadership, operational oversight, and stakeholder engagement. From directing large-scale budgets and schedules to influencing long-term organisational goals, the role blends financial discipline with business foresight. He will also lead cross-functional teams and partner with finance colleagues worldwide to support engineering programmes across geographies, including India.
The appointment caps a long stint at Juniper Networks, where Barun spent over a decade, most recently as finance senior manager. There, he led FP&A for global product business units and G&A functions, driving budgeting, forecasting, and long-range planning. He also played a key role in enterprise-wide transformation, including spearheading an Oracle to SAP ERP migration and building advanced analytics capabilities using tools such as Tableau and SAP Analytics Cloud.
His earlier career includes finance leadership roles at Sony India Software Centre, Cognizant Technology Solutions, and Mphasis, where he focused on financial planning, governance frameworks, and operational efficiency across global delivery centres.
A chartered accountant from the Institute of Chartered Accountants of India, Barun brings nearly two decades of experience across financial planning, digital transformation, and analytics-led decision making.
His appointment comes at a time when global engineering operations are becoming increasingly complex and distributed, requiring sharper financial oversight and agile planning. With Barun at the helm of FP&A for engineering, Boeing appears to be tightening its financial playbook as it looks to scale innovation with discipline.
