Mumbai, Oct 16: Tech Mahindra Limited, a global systems integrator and leading provider of IT solutions to the telecom industry has been conferred the 2008 Frost and Sullivan Growth Excellence Award.
The Award recognizes companies, which have demonstrated significant excellence in growth leadership and consistently outperformed their competition by demonstrating higher than industry growth over the past few years. Tech Mahindra has been considered for the Excellence in Growth Award for showing continuous high growth rates in revenues and profitability. TechM has also implemented innovative strategies in the process which have had a significant impact on the industry and exhibits thought leadership.
Frost and Sullivan presents awards for excellence in growth, research and innovation, innovation and leadership to Asian companies that have excelled in social impact, profit margins, stock price, overall market growth and penetration, growth in market share, and overall industry impact. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
Expressing his opinion on Tech Mahindra receiving the award, Manoj Menon, Partner and Asia-Pacific M.D at Frost and Sullivan said, "Frost and Sullivan is delighted to bestow the 2008 Excellence in Growth Award to Tech Mahindra in recognition of the company's ability to garner a highly competitive position in the market. Tech Mahindra has been able to maintain a phenomenal growth momentum by differentiating itself from its competitors and providing world class quality services to its customers in a fiercely competitive telecom market."
CP Gurnani, President, International Operations, Tech Mahindra said, "I am pleased to accept this award on behalf of Tech Mahindra. Over the years we have emerged as one of the leading IT solution providers to the telecom industry. Our company has been recognized in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as technological innovation, customer service, and strategic product development. We stand committed to the growth of the IT industry".