Balakrishnan was in the city to address a gathering at Maharashtra Institute of Technology (MIT) after giving away the Bharat Asmita Awards. Chief Minister of Chhattisgarh Dr Raman Singh, former dean of IIM-Ahmedabad, Dr Bakul Dholkia, Rajyasabha MP Bajayant Panda and chief editor of CNN-IBN Rajdeep Sardesai received awards in various categories.

“The development of successful management practices that can deal with specific issues and challenges is an urgent need, for only then can we focus on the broader problems that we are facing in this globally competitive world which is rapidly changing with every step,” said Balakrishnan. “We should be able to inculcate the ability to focus on specific demands and then go on to create larger objectives. Once these objectives are created, then a solution oriented, people centric, flexible and diverse skill-set ought to be planned and developed. The next step would involve concerted efforts to teach those skills to the common man so that the populace, over the time is able to improve its own effectiveness and efficiency,” he added.

Former IIM dean Dholakia, emphasising on youth power said, "It is a time to recognize the power of youth in this country. This power will lead us to emerge as a leader," Sardesai in his speech declared that IBN-Lokmat, a Marathi news channel would start in March.

Panda also delivered a speech. Chairman of Bharat Asmita National Awards Committee T. N. Sheshan, members Dr. Raghunath Mashelkar and Dr Vijay Bhatkar were also present on the occasion.

Founder of MIT Dr V D Karad welcomed the guests. The vote of thanks was given by MIT director Rahul Karad.