SKF India Ltd, the leading supplier in the areas of bearings, seals, mechatronics, services and lubrication systems, today announced that it has been conferred with the “Excellence Award” by the Indian Institute of Economic Studies, India’s premier research institute. This award is in recognition of SKF India’s exemplary performance and strong contribution to the Indian economy.
Shishir Joshipura, SKF India’s Managing Director was also felicitated at the ceremony with the “Udyog Ratna Award” .
SKF India Ltd is a part of the AB SKF Group and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). SKF’s industry leading practices provide integrated, sustainable solutions based on the “power of knowledge engineering” principle that integrates five technology platforms (bearings, seals, lubrications, mechatronics, and services). These customized value added solutions offer breakthroughs in friction reduction, energy efficiency, increased equipment life and reliability for the Automotive, Electrical, Industrial and Service sectors.
Shishir Joshipura, Managing Director, SKF India Ltd, commented upon receiving the award, “I am very grateful to the Indian Institute of Economic Studies for recognizing our hard work and commitment to excellence. At SKF it is our constant endeavour to achieve the high standards of excellence that we set for ourselves, to have that achievement acknowledged through this award is a great motivation.”
The New Delhi based Institute of Economic Studies was established by a group of economists, parliamentarians and industrialists in 1980 to study various aspects of the economy and economic development. The institute closely monitors various facets of the economy and individual contribution of various companies and business leaders. The Udyog Rattan Award and the Excellence Award are conferred at an annual ceremony to recognize an organization and individual contribution to economic development.