The next big awe in BFSI


6 April, 2017 Bengaluru:
Banking and financial activities has always been the ground zero to not only implement but also determine economic revolutions and advancements. With the very wave that India is currently sailing on – demonetisation and the cashless transactions – manifests the impetus laid on how crucial it is for our banking system and the allied financial services sector to be on its toes.

Cloud and Data are areas of discussions for IT leaders in the BFSI sector considering the volume of activities happened lately in the country which will keep growing in the near future. Having said that, the major challenge today is IT security; in the mobile cloud era where datacenter infrastructures are increasingly moving towards cloud.

Cost involved plays a pivotal role in adopting a private cloud and that is exactly why public/hybrid cloud is the best option but data security is a prime area of concern, though only basic data is stored on the public cloud. According to the latest study 64 per cent in banking, financial services and insurance (BFSI) agree IT security is amongst the top business priorities.

With the given scenario in the BFSI sector, Trescon is hosting the 5th edition BFSI Future Tech Conclave that aims to enable a well-conceived dialogue to address challenges and explore new avenues through innovative technologies in the industry. The conclave is taking place on 4 – 6 May 2017 at the Hilton Hotel, Jaipur, India.

It is a destination event, set in a 5-star leisure environment in Jaipur, away from the usual traffic and hectic work schedules. It incorporates high level networking, interactive panel discussions, keynote presentations, product showcase,and one-to-one business meetings.

Some of the industry leaders speaking at the conclave include; Suresh Kumar, Partner at Grant Thornton Advisory Private Limited; Sanjay Narkar, Chief Technology Officer at IDFC Bank; K R C Murthy, Vice President & Chief Technology Officer at Deutsche bank; Ram Rastogi, Head -Product Development at National Payments Corporation of India; Ashwin Khorana, Chief Technology Officer at Janalakshmi Financial Services; Srinivasan Iyengar, Chief Operating Officer at Reliance Nippon Life Insurance; and Abhishant Pant, Founder at Cashless Journey.
This conclave is designed to give the maximum knowledge sharing and business development opportunities to key stakeholders and players in the Indian BFSI industry. As a global business events and consulting firm, Trescon firmly believe in the concept of knowledge sharing and discussion among industry peers and contemporaries to explore newer best practices & benchmarks for businesses across the range” said Mohammed Saleem, CEO, Trescon

The event is supported by Asia Pacific Security Magazine, Chief IT, CXO Today, Support Biz, India Core, Channel Times, Dalal Street Investment Journal, Trade briefs, Media buzz, Newswire Network.IN, Newsvoir, Insight MEA, Insight World, Enterprise Management 360°

Solution providers like, Nurture Software Solutions,Cyberbit Commercial Solutions LtdandFinesse IT Labs Pvt. Ltd will sponsor the event.

For more information contact:

Tejashree Chinchwale
Assistant Marketing Manager
+91 80 3911 3911
tejashree@tresconglobal.com

BFSI Future Tech Conclave

Source: ciol.com,

 ABOUT TRESCON

Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base.

Trescon is founded and managed by a group of specialists with more than 6 decades of combined expertise in successfully developing business events, trainings and consulting for corporates, governments, associations and high-net-worth individuals across the world.

With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high quality business platforms for our clients.

Company Website

Matrix to Showcase its Enterprise Grade, Well-engineered Security Solutions at SECUTECH 2017, Mumbai


Matrix, a leading manufacturer and provider of Telecom and Security solutions, is participating in SECUTECH 2017, Mumbai from 6th to 8th April 2017. Matrix will be showcasing its Video Surveillance, Time-Attendance and Access Control solutions at the event.

Matrix offers an Enterprise-grade Video Management System designed, engineered and built specifically for growing multi-location organizations. The entire solution is focused on automating processes and enhancing efficiency of your organisation. Matrix Video Surveillance aims to provide centralized control over all the locations with well-crafted User defined Roles and Rights, to fulfil complex needs of multi-hierarchy organizations. Furthermore, moving away from traditional reactive security, advanced video analytics with real-time notifications provide organizations with preventive security, protecting your premises from all vulnerabilities. In addition to that, Matrix Video Surveillance is an open platform system, which integrates with all third party software, increasing an organization’s capabilities manifold.

Under the Time-Attendance and Access Control domains, Matrix will be launching its cutting edge multispectral fingerprint based door controller – COSEC DOOR FMX. This advanced multispectral technology reads surface and subsurface of a live fingerprint. It gives very clear and strong image even if the surface layer is not available due to dirty, dry or oily finger, poor ridge image or other environmental problems.This unique identification process outperforms all other fingerprint sensors and offers robust and reliable biometric information of a user.

Matrix will also launch its Elevator Access Control solution, which workswith the help of advanced our Eight Port Input-Output Controller that can control an elevator up to 32 floors. Solutions like QR Code based Access Control, Bluetooth based Access Control and Auto Attendance Marking using GPS/Wi-Fi would be showcased as breakthrough under ‘Mobile as a Credential’ technology.

“During this exhibition, we will demonstrate our enterprise grade Access Control solution with real-time features such as Auto-push events to Server, Instant Notifications, Automatic Device Identification, Mobile as User Credential and along with features of Time-Attendance, Shift Management and Leave Management.” said Jatin Desai –Product Manager, Access Control and Time-Attendance

Matrix looks forward to meeting customers and prospective system integrators at SECUTECH 2017, Mumbai (Stall numberC08, Hall – 1), Bombay Exhibition Centre, Goregaon(E) from 6thto 8th April 2017to discuss their requirements and offer better solutions.

About Matrix

Established in 1991, Matrix is a leader in Telecom and Security solutions for modern businesses and enterprises. An innovative, technology driven and customer focused organization, Matrix is committed to keep pace with the revolutions in the telecom and security industries. With more than 40% of its human resources dedicated to the development of new products, Matrix has launched cutting-edge products like IP-PBX, Universal Gateways, VoIP Gateways and Terminals, GSM Gateways, Access Control, Time-Attendance and Video Surveillance solutions. These solutions are feature-rich, reliable and conform to the international standards. Having global footprints in Asia, Europe, North America, South America and Africa through an extensive network of more than 500 channel partners, Matrix ensures that the products serve the needs of its customers faster and longer. Matrix has gained trust and admiration of customers representing the entire spectrum of industries. Matrix has won many international awards for its innovative products.Visit:www.matrixsecusol.com

Public Pension Capital Acquires Viteos Fund Services

BWI | APRIL 4, 2017

Mumbai, Maharashtra, India

Public Pension Capital (PPC) and FiveW Capital today announced they, together with Viteos management, have acquired Viteos Fund Services, a leading provider of middle- and back-office technology and services for the investment management industry. The transaction brings together a group of financial and strategic investors experienced in building and growing technology and service providers. The Viteos management team will continue to lead the company.

Viteos, founded in 2003, provides customized straight-through-processing and integrates post-trade operations for the investment management industry in the United States, Europe and Asia. It is a leader in shadow-accounting services and offers a full range of middle- and back-office outsourcing through its 500+ employees and straight-through-processing technology. Viteos has been growing its client base which now includes some of the world largest alternative managers who face numerous challenges in today’s complicated operating environment. As alternative managers consider the stakes for sustained growth, outsourced shadow-accounting as an extension of in-house operations provides access to capabilities that are critical to investment operations.

Said Thomas Uger, Partner and Head of Business Services at PPC, “Viteos is the leading provider of outsourced middle-office and shadow accounting services to hedge funds and other alternative asset managers. We are very pleased to partner with the Viteos management team and support further investment in technology and human resources, allowing the company to deliver even more value to investment managers.”

Said, Randall Winn, CEO, FiveW Capital, “As part of our investment, we assembled a group of strategic co-investors including a series of principals of alternative asset managers, and alternative allocators who understand Viteos’ value proposition and track record of stellar client service. This group intends to assist Viteos in sustaining its growth and bring its capabilities to more clients.”

Said Shankar Iyer, CEO, Viteos, “The backing of PPC and strategic investor FiveW Capital, their seasoned principals, investors and longstanding relationships, will complement our organic growth and launch us into the next chapter of Viteos’ story. We will have more resources to expand and develop our offerings for other investment managers.”

Said Chitra Baskar, COO, Viteos, “The array of assets we built over 14 years – our conscientious skilled employees, impeccable reputation, and innovative technology, has provided significant value as proven by our growing roster of top tier clients. We want to assure our marketplace position and will continue to invest in and lever these assets as we elevate awareness of our offering under the PPC umbrella.”

Credit Suisse acted as financial advisor to Viteos.

About Viteos Fund Services

Founded in 2003 and headquartered in Somerset, New Jersey, Viteos Fund Services provides customized straight-through-processing and integrates post-trade operations across virtually every asset class, currency, border, or structure for the alternative investment management industry in the United States, Europe and Asia. It is a leader in shadow-accounting services, middle- and back-office outsourcing services and licenses its platform to investment managers.

About PPC Enterprises

Public Pension Capital is a New York City-based private equity fund, founded by former senior partners of Kohlberg Kravis Roberts & Co. PPC invests in a select group of industries, including Business and Industrial Services, Financial Services, Healthcare and Specialty Chemicals.

About FiveW Capital

FiveW Capital is a private equity group, led by the co-founder and former CEO of Capital IQ. FiveW frequently invests in founder-led businesses which are data, analytics and technology intensive, leveraging lessons learned in building Capital IQ to support growth.

Hyatt Place Rameswaram Celebrates Official Opening

Hyatt Place hotel located in one of India’s holiest pilgrimage destinations

BWI | APRIL 3, 2017

Hyatt today announced the opening of Hyatt Place Rameswaram, the first Hyatt Place hotel in the South Indian state of Tamil Nadu and the fifth Hyatt Place hotel to open in India. Developed by JKR Enterprise Limited, the hotel offers guests a convenient base for pilgrimages and leisure travel in the southernmost tip of India.

“The opening of Hyatt Place Rameswaram is a significant milestone for the Hyatt Place brand as it continues to expand in India and across the globe,” said Kurt Straub, Hyatt’s vice president of operations, India. “Rameswaram’s first Hyatt Place hotel will be a vibrant and dynamic hotel that combines comfort and style that fits right into the region’s religious tourism.”

Hyatt Place Rameswaram is situated in the heart of the Rameswaram, close to the holy Ramanathaswamy Temple and Agni Theertham, one of Rameswaram’s sacred bodies of water, as well as the house of former Indian president Dr. A.P.J. Abdul Kalam. The holy city of Rameswaram is located on an island connected through the famous Pamban Bridge to mainland India. It is one of the four renowned “Chaar Dham” pilgrimage spots in the country and a place of great interest for both domestic and international travelers.

“We are delighted to announce the opening of Hyatt Place Rameswaram in South India. The Hyatt Place brand offers an innovative service concept and a modern design, and we are confident this hotel will provide a wonderful new lodging option to those visiting the area. JKR remains highly committed to providing modern and affordable accommodation and services that cater to the needs of those visiting the holy city,” said Sharda Deepa, managing director, JKR Enterprise Limited.

Hyatt Place Rameswaram offers:

  • 101 spacious guestrooms and suites, all of which feature a swiveling 42-inch HDTV, the plush Hyatt Grand Bed and Cozy Corner sectional sofa
  • Gallery Kitchen Breakfast stocked with South Indian and international vegetarian specialties
  • 24/7 Gallery Menu and Market serving made-to-order vegetarian entrees and appetizers around the clock
  • Coffee to Cocktails Bar featuring specialty coffees and premium beers, as well as wines, cocktails, and mocktails by the poolside
  • Free Wi-Fi throughout the hotel
  • 24-hour Gym
  • Outdoor swimming pool
  • 4,757 square feet of flexible, high-tech meeting/function space

“The Hyatt Place brand is designed to offer seamless experiences for travelers, and we know that our guests will appreciate the comfortable and functional amenities offered at Hyatt Place Rameswaram,” said Utsa Majumdar, general manager, Hyatt Place Rameswaram

Hyatt Place Rameswaram Leadership

Hyatt Place Rameswaram is under the leadership of General Manager Utsa Majumder and Director of Sales Deepak Sharma. In her role, Utsa Majumder is directly responsible for managing the day-to-day operations of the hotel, including overseeing the hotel’s 100 associates and ensuring guests encounter the thoughtful service for which the Hyatt Place brand is known. Deepak Sharma is responsible for providing sales service and support to travelers and meeting planners frequenting the Rameswaram and Madurai areas.

For more information, please visit rameswaram.place.hyatt.com.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Place

Hyatt Place, a brand of Hyatt Hotels Corporation, combines style, innovation, and 24/7 convenience to create a seamless stay with modern comforts. There are more than 270 Hyatt Place locations in Armenia, Brazil, Canada, Chile, China, Costa Rica, Honduras, India, Mexico, Morocco, Nicaragua, Panama, Puerto Rico, Thailand, The Netherlands, United Arab Emirates, United Kingdom, and the United States. For more information, please visit hyattplace.com. Join the conversation on Facebook and Instagram and tag photos with #HyattPlace and #WhySettle.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 13 premier brands. As of December 31, 2016, the Company’s portfolio included 698 properties in 56 countries. The Company’s purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to create value for shareholders, build relationships with guests and attract the best colleagues in the industry. The Company’s subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences and vacation ownership properties, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt™, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™ and Hyatt Residence Club® brand names and have locations on six continents. For more information, please visit hyatt.com.

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Capgemini in India Launches Tech Fiesta 2017

Nationwide events showcase Capgemini’s IP and cutting-edge solutions along with the latest innovative technologies

BWI | APRIL 3, 2017

Capgemini, a global leader in consulting, technology and outsourcing services, today announced the start of the 9th edition of ‘Tech Fiesta’ in India, a nationwide-event designed to showcase its IP and cutting-edge solutions, along with the latest in new technologies. Themed on ‘Living the future’, Tech Fiesta 2017 focuses on innovation and emerging technologies from Capgemini’s portfolio of solutions that provide business benefits to customers. The event was inaugurated in Mumbai by Rohit Talwar, award winning Global Futurist, Business Consultant and author of ‘The Future of Business’. Over 20,000 people from Capgemini’s stakeholder ecosystem of employees, partners and customers are expected to attend Tech Fiesta across five cities in India.

Speaking on the occasion Ashwin Yardi, COO – India, Capgemini said, “Digital has accelerated the pace of change like never before. This impact is led by advances in cloud, big data, cybersecurity, artificial intelligence, digital manufacturing, automation and is powered by applied innovation as a key pillar of transformation. At Capgemini, we are constantly looking to stay ahead of the curve and have invested in building a rich portfolio of innovative offerings, sector expertise and technology capabilities to support enterprises in the era of Industry 4.0. This year’s Tech Fiesta brings together our ecosystem of stakeholders from customers and partners through to academic institutions and employees, to showcase our technology and service offerings that are fuelling the digital transformation agenda of our enterprises globally.”

With multiple formats of interaction such as partner booths, panel discussions and technical learning sessions, the Innovation extravaganza will see Capgemini present more than 25 solutions across the entire spectrum of future technologies.

Tech Fiesta 2017 will take place at five Capgemini locations in India during April:

Location Date
Mumbai April 03, 2017
Bangalore April 05, 2017
Hyderabad April 07, 2017
Chennai April 10, 2017
Pune April 12, 2017

About Capgemini

With more than 190,000 people, Capgemini is present in over 40 countries and celebrates its 50th Anniversary year in 2017. A global leader in consulting, technology and outsourcing services, the Group reported 2016 global revenues of EUR 12.5 billion. Together with its clients, Capgemini creates and delivers business, technology and digital solutions that fit their needs, enabling them to achieve innovation and competitiveness. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.

Learn more about us at www.capgemini.com.

Rightshore® is a trademark belonging to Capgemini.

Uflex Invests in Laser Scoring Technology to Offer Easy to Open flexible Packaging Solutions

BWI | APRIL 3, 2017

Have you felt the angst of standing under the shower trying to tear a shampoo sachet which simply refused to yield and finally you had to bite it open? Quite a nightmare — isn’t it?

One of the most important dimensions of flexible packaging is ‘Convenience’ of handling which also happens to be a pivotal component of the pack’s functionality. The moment this convenience is compromised upon, the utility of packaging nose dives – and simultaneously erode with it, consumers’ faith & confidence and brand image.

“As India’s largest multinational flexible packaging materials and Solution Company, one of the commonest asks that our clients have from us is to incorporate easy to open features,” says Mr. Arun Anand, Executive Vice President Marketing at Uflex Packaging.

“Uflex has been the first company to introduce laser scored flexible packaging in India. By the sophisticated Laser Scoring 
Technology the outermost layer of a laminate is incised with laser beams. Virtually every type of incision can be made by this technology. Predefined tearing path is created which guides the end-user to conveniently open the packaging. Commendable is the fact that all of this is done without compromising the barrier properties required by the product packed inside.

One of the conventional tools that have been used to create tearing paths on flexible packaging is serrated cutter fitted on Form, Fill and Seal Machines. This is not considered as a very conducive option as the tool gets worn out with a frequent need of replacement.

With the laser scoring technology we are able to offer a non-contact, clean processing solution that eliminates the need for mechanical tooling or associated consumables. The laser system is capable of precise scoring process that adds accurate features not obtainable through other mechanical methods. This also reduces production downtime, as pattern or design modifications are made rather instantaneously.

The high-quality laser scoring technology that we have invested in provides the ability to precisely and consistently score flexible packaging at controlled depths at varying web speeds. Score lines are created in specified areas of the film/laminate, forming a narrow channel in the material for a tear to follow. Effectively, a laser weakens targeted layers of packaging material to produce score lines without compromising the barrier properties of the flexible film. Various laser scoring configurations like half-moon cut, wedge cut, umbrella cut, slant cut to name a few are possible at our packaging manufacturing plants,” adds Mr. Anand.

“With the help of the value added laser scoring technology we have offered easy to tear flexible packaging solutions to various FMCG brands of snack food, 
ketchups, condoms, pet food, tea, coffee, rice, spices etc. For a leading snack brand in India, we engineered a three layered laser scored diaphragm (opening) comprising PE/MET PET/PE which has spelled tremendous ease of opening for end-users. The demand for laser scored easy to open flexible packaging has been on a rise not only in India but in overseas as well,” concludes Mr. Arun Anand.

Emphasizing upon easy to open flexible packaging, Mr. Ashok Chaturvedi, Chairman & Managing Director, Uflex Limited said, “Ease of opening a pack for accessing the product is fundamental to an end-user’s overall experience. Some substrates within a laminate are really difficult to tear open without using a cutter/ blade. In line with our business strategy of innovation to create value added differentiation to the advantage of our clients, we have invested in sophisticated laser scoring technology that permits perfect incision in a laminate at controlled depths and variable web speeds. This in turn allows the consumers to easily open the pack, adding to experiential delight and upholding the very ethos of flexible packaging.”

About Uflex

Uflex is India’s largest multinational flexible packaging materials and Solution Company and an emerging global player. Since its inception back in 1985, Uflex has grown from strength to strength to evolve as a truly Indian Multinational with consumers spread across the world. Uflex today has state-of-the-art packaging facilities at multiple locations in India with installed capacity of around 100,000 TPA and has packaging film manufacturing facilities in India, UAE, Mexico Egypt, Poland and USA with cumulative installed capacity in excess of 337,000 TPA.

All Uflex plants are accredited with ISO 9001, 14001, HACCP & BRC certifications. Uflex caters to markets spanning across the globe in over 140 countries like USA, Canada, South American countries, UK and other European Countries, Russia, South Africa, CIS, Asian and African nations. Integrated within its core business profile are allied businesses like Engineering, Cylinders, Holography and Chemicals which further give Uflex a superior edge above competition.

Uflex Limited is also a part of the D&B Global Database and winner of various prestigious national and international awards for its products’ excellence. Uflex offers technologically superior packaging solutions for a wide variety of products such as snack foods, candy and confectionery, sugar, rice & other cereals, beverages, tea & coffee, dessert mixes, noodles, wheat flour, soaps and detergents, shampoos & conditioners, vegetable oil, spices, marinades & pastes, cheese & dairy products, frozen food, sea food, meat, anti-fog, pet food, pharmaceuticals, contraceptives, garden fertilizers and plant nutrients, motor oil and lubricants, automotive and engineering components etc.

Some of Uflex’s clients on the global turf include P&G, PepsiCo; Tata Global; Mondelez, L’ Oreal, Britannia, Haldiram’s, Amul, Kimberly Clark, Ferro Rocher, Perfetti, GSK, Nestle, Agrotech Foods Coca Cola, Wrigley, Johnson & Johnson among others.

Website: www.uflexltd.com

Frost & Sullivan’s 2017 Annual India Digital Transformation Awards to Recognize and Applaud Excellence across Indian ICT Industry

2017 marks the 15th year of this awards program, to be held on 15 June in Mumbai

BWI | APRIL 3, 2017

Mumbai, Maharashtra, India

Frost & Sullivan will host its 2017 India Digital Transformation Awards, previously known as India ICT Awards, on 15 June with a gala awards banquet at ITC Maratha, Mumbai. The annual awards program is in its 15th consecutive year and is one of the most sought-after business accolades. It seeks to recognize companies and individuals who have pushed the boundaries of excellence, rising above the competition and achieving success using digital technologies in the Indian market.

The awards program will have four categories and 32 awards, identified and selected by a distinguished jury panel. The categories are: Enterprise Infrastructure, Emerging Software Products and IT Services, Enterprise Telecom Services, and Mobile & Wireless.

Every year the awards banquet witnesses an elite gathering of stalwarts of industry, visionary leaders, and representatives from across the ICT industry thus presenting a unique opportunity to interact with the most outstanding performers of the ecosystem under one roof. To find out more about partnership opportunities for the awards, please contact – Amit Kumar at amitk@frost.com.

Benoy C.S., Director & Business Unit Head, Digital Transformation (ICT) Practice, Frost & Sullivan – Middle East, North Africa & South Asia speaking of the awards said, “The interplay between cloud computing, mobility, big data and the internet of things is rapidly accelerating the pace of digital transformation across all industries. It is fundamentally changing the way we do businesses and it is transforming not only the industries themselves but also societies and economies. We are excited to be hosting the annual awards for the 15th time as these awards play an important role in identifying and recognizing best practices by ICT players in India. We hope that this recognition will help ICT firms to continue to push the boundaries of excellence.”

The selection process involves a rigorous assessment methodology followed by a complete study of the shortlisted companies based on current actual market performance indicators. Judging criteria include such categories as revenue growth, market share, leadership, innovation, breadth of products and solutions, customer acquisitions, market strategy, efficacy of innovation process, product service value, and product service and positioning.

The 2017 India Digital Transformation Awards is supported by Media Partners – Channel Times, CIO Review, Communications Today, CXO Today, Infotech Lead, Telecom Lead and Telecom Watch.

To find out more about this prestigious awards banquet, please visit www.frost.com/ictawards and follow our official Twitter hashtag: #fsictawardsindia

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

http://ww2.frost.com/

Twitter: @Frost_MENASA
Event Hashtag: #fsictawardsindia

L&T Technology Services Conferred with Prestigious Golden Peacock National Quality Award

BWI | APRIL 3, 2017

Bangalore, Karnataka, India

L&T Technology Services Limited, a leading global pure play engineering services company, is pleased to announce that it has been awarded the Golden Peacock National Quality Award, 2017, as a recognition of the company’s consistent focus in enabling cutting edge technologies for global businesses.

The Golden Peacock Awards Secretariat conducted an exhaustive review of applicants’ Quality Management Systems across various criteria such as best practices implemented, product and services development process, customer satisfaction scores, audit mechanisms and corporate governance structure among others.

L&T Technology Services was selected as the winner of the National Quality Award for achieving best in class engineering services and solutions that has created a big impact for its 217 global customers, reaffirming LTTS’ commitment to offer world class services through industry leading quality practices.

L&T Technology Services already holds the distinction of being recognized as a CMMI Level 5 Company. The company is also certified for ISO 13485: 2003 for medical devices, AS 9100 C for the aerospace domain, ISO 9001: 2015 for design and engineering services and ISO 27001: ISMS for information security management systems.

“The award is a testimony to the high quality and complex engineering services and solutions that LTTS delivers to its global clientele across the ER&D spectrum. It is also a reflection of our operational excellence resulting in high customer satisfaction,” said Dr. Keshab Panda, CEO & Managing Director at L&T Technology Services Limited.

“After concluding an exhaustive review of all the responses we found that L&T Technology Services Limited, in the technology sector, has shown such a strong commitment to building a culture of Quality and Innovation that underlines all its portfolio of service offerings.  We wish L&T Technology Services more success in the years to come,” said Mr. Manoj K. Raut, CEO & Director, Institute Of Directors (IOD).

Golden Peacock Awards were instituted by the Institute Of Directors, India in 1991 and are globally regarded as a benchmark of corporate excellence. The National Quality Award Scheme was instituted to encourage total quality improvements in both manufacturing and service organizations.

This year, the Awards Secretariat received around 400 responses, out of which, after careful scrutiny, 241 applications were shortlisted for final selection through a 3 tier Assessment Process.

The awards will be formally presented on 19th April 2017 at The Grand Hyatt Bur Dubai, in the presence of a distinguished gathering of business leaders during the Institute Of Directors India’s “27th World Congress on Business Excellence & Innovation”.  

About L&T Technology Services Limited

L&T Technology Services Limited is a leading global pure-play engineering services company. L&T Technology Services serves over 50 Fortune 500 companies and 43 of the world’s top ER&D spenders and provides solutions in the areas of Mechanical Engineering Services, Embedded Systems & Applications, Engineering Process Services, Product Lifecycle Management, Engineering Analytics, Power Electronics, Machine-to Machine (M2M), and the Internet-of-Things (IoT). We operate across multiple verticals such as Automotive, Off-Highway, Telecom, Semiconductors, Consumer Electronics, Industrial Machinery, Energy & Utilities and Process Industries. Our cutting edge solutions such as Intelligent Building Energy Management Solution – iBEMS and IoT platform UBIQWeise enable companies to derive optimum value from their engineering and manufacturing investments. Headquartered in India, L&T Technology Services Limited has more than 10,000 employees, 12 global delivery centres in India and overseas and sales offices in India, North America Europe, the Middle East and Asia and over 31 labs. For additional information about L&T Technology Services log on to www.LntTechservices.com/