CG wins "Dun & Bradstreet Corporate Award 2012"
- For exemplary performance in the Power Equipments sector
- Featured in D&B`s acclaimed publication : `India`s Top 500 Companies`
Mumbai : June 04 2013 : Avantha Group Company CG was honoured as the top Indian company in the Power Equipments sector for the year 2012 by Dun & Bradstreet (D&B) at their Corporate Awards event held in Mumbai. The award recognized and felicitated corporate India’s leading companies from various sectors.
The awards methodology was developed through a proprietary financial model, by D&B basis eight parameters viz; total income, net profit, net worth, net profit margin, return on net worth, average market capitalization for FY12, growth in total income and growth in net profit.
Commenting on receiving the award, Avantha Group Company CG’s CEO & Managing Director, Mr. Laurent Demortier said: “We are very pleased to receive the 2012 Dun & Bradstreet Corporate Award. It is indeed a proud moment for us to be the sole recipient of this award in the Power Equipments sector. CG is well positioned to lead by example in the power equipment sector and is focused on leveraging India’s value differential in cost effective manufacturing & talent resource pool to offer its global customers innovative and energy efficient electrical products.”
About Avantha Group Company CG
CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation and Consumer. CG clocks US$ 2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings.
For more information on CG, please visit: www.cgglobal.com.
The US$4bn Avantha Group is one of India`s leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech Industries, Biltech Building Elements, Salient Business Solutions and Avantha Technologies. With a global footprint, the Group operates in 90 countries with more than 25,000 employees worldwide. The Group has business interests in diverse areas including power transmission and distribution equipment and services, paper and pulp, energy and infrastructure, food processing, farm forestry, insurance, chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.
For more information on Avantha, please visit www.avanthagroup.com.
For further information, please contact:
Ms. Paula Sengupta
Global Head – Corp. Comms.
CG (Crompton Greaves Limited)
CG House, 1st floor
Worli, Mumbai 400 030, India
Mrs. Shravani Dang
Group Head - Corporate Communications
Vice President - Avantha Group
5th Floor, Tower C, First India Place,
Gurgaon-122002, Haryana, India
T: +91 22 24237516 / 67558771
T : +91 124 4099436