The Corporate Excellence Awards were instituted by MAP in 1982 with the sole aim to recognize and honor companies showing outstanding performance and demonstrating progress and enlightened management practices. These Awards are divided into Industrial and Financial categories. and Not-For-Profit organizations. The award in the Industrial category has been named as the Amir S. Chinoy Corporate Excellence Award, to recognize the contributions made by Mr. Amir S. Chinoy towards MAP, being the founding member and the first President of MAP.