Pune-based Bharat Forge Chairman and Managing Director, Baba Kalyani, has been conferred with the 'IOD Distinguished Fellowship Award 2013. It was presented to him at New Delhi on July 19 by Dr M Veerappa Moily, Union Minister for Petroleum & Natural Gas, in the presence of a distinguished international gathering of business leaders, experts, jurists, economists, legislators, and policy makers on the occasion of Institute of Director's 24th Annual Day. The award was in recognition of Kalyani's distinguished track record of entrepreneurship that has set extremely high standards of ethical and transparent conduct and for Bharat Forge's contribution towards building 'Brand India'.

Accepting the award, Kalyani said, "Bharat Forge has always been globally committed to the highest standards of corporate governance in terms of transparency, regulatory compliances, and best practices while keeping its focus on sustained and responsible growth across various continents. I accept this honour as a major endorsement of our corporate philosophy by an outstanding institution of excellence. It is, indeed, a great honour to be considered worthy of the IOD Distinguished Fellowship Award".

The Institute of Directors (IOD), a registered society, was established in 1990 as an independent, apex association of directors, to spearhead India's quality revolution and build 'Brand India' by focusing on directors' training and development. Its main focus is on building tomorrow's boards by realigning their moral compass and making them more ethical, transparent, and accountable. The first award was conferred on Bharat Ratna Dr APJ Abdul Kalam in 1994. Other previous awardees include Kapil Sibal, Union Law Minister; TKA Nair, principal secretary to prime minister of India; Naresh Goyal, chairman of Jet Airways; Dr. Vijay Mallya, chairman of the UB Group; and Arun Maira, Member, Planning Commission, among others.