March 22: Birgunj-based National Healthcare Pvt Ltd has been adjudged the Best Managed Company of the Year during the eighth edition of the Newbiz Business Conclave and Awards held on Friday.

According to New Business Age, the organizer of the annual event, the Lifetime Achievement Award was conferred to Shyam Bahadur Panday for his long-standing contribution to the field of business.

The award for the Premium Hotel of the Year went to the Soaltee Hotel.

Hospital for Advanced Medicine and Surgery (HAMS) bagged the award for the Best Hospital of the Year.

The awards in these two categories were added from this year.

Similarly, Standard Chartered Bank Nepal Limited was announced as the Best Managed Commercial Bank of the Year.

Likewise, the award for the Best Managed Commercial Bank in Servicing Marginalised Geographical Areas-such as Karnali, Sudur Paschim and Madhesh went to Krishi Bikas Bank. NMB Bank Limited was declared as the Best Managed Commercial Bank in Prescribed Sector Lending

Towards the development bank segment, the award for the Best Managed Development Bank of the Year went to Shine Resunga Development Bank Limited.

Likewise, the Best Managed Finance Company of the Year was bagged by Manjushree Finance Ltd.

In the insurance category, Asian Life Insurance Company was declared the Best Life Insurance Company of the Year while Siddhartha Premier Insurance Ltd bagged the honous as the Best Non-Life Insurance Company of the Year'.

The awards were distributed in 11 different categories, including 10 institutional categories and one lifetime achievement award.

Earlier, Chief Guest of the event, Minister for Industry, Commerce and Supplies Damodar Bhandari, MadanLamsal, chairman of New Business Age and G Gopalkrishnan, the country director of Asian Paints, the title sponsor of the event, jointly inaugurated the conclave and awards ceremony by lighting a lamp.

According to the organizers, a panel of independent jury comprising experts from various fields selected the organizations and individuals for the award. The selection was done after a rigorous and phase-wise evaluation.

The event also featured panel discussion which delved on the topic of 'Business Opportunities in Difficult Times'. The speakers during the panel discussion included Amlan Mukherjee, Managing Director of Unilever Nepal Limited, AnandBagaria, Managing Director of Nimbus Holding Pvt Ltd and Sewa Pathak, Chief Executive Officer of Vianet Communications. The panel discussion was facilitated by Ranjit Acharya, Chief Executive Officer of Prisma Advertising.

ManabMajumdar, Senior Advisor to Federation of Indian Industry and Commerce (FICCI), gave a keynote speech during the program.

Asian Paints was the title sponsor of the conclave and awards. Other sponsors of the event included NIC Asia Bank, Tiago EV, Nabil Bank, National Life Insurance, RastriyaBanijya Bank, Asian Life Insurance, Nepal Insurance Authority, smartphone company MI, NLG Insurance, Prabhu Bank and Sonam Gear. The internet partner of the program was DishHome Fiber Net and the TV partner was Himalaya TV. Vogue Ad and Event Management was in charge of program management.