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Letter of Participation

Dear Mayank Vyas,

Continuing CRISIL’s tradition of promoting excellence in thought leadership at B-Schools, Crisil Young

Thought Leader (CYTL) competition concluded its 13th year with participation from aspiring thought

leaders across the country.

Fresh insights received from bright young individuals such as you, has made CYTL the unique

competition that it is today.

This letter is in acknowledgement of your participation in CYTL 2013 and appreciation of the research

and analysis done for the dissertation submitted.

We wish you luck in all future endeavors.

Warm Regards,

G. Ravishankar

President, Human Resources