Mumbai, July 18, 2016: The Indo-American Chamber of Commerce (IACC) has conferred L&T Technology Services Limited with the exclusive award for Company of the Year award at the 12th Indo-American Corporate Excellence (I-ACE) Awards 2016. This is the highest distinction conferred by the IACC to any company. IACC further honored L&T Technology Services’ green innovation by awarding the company with the ‘Green Office Space of the Year.’
The Awards were first established in 2004 to highlight and celebrate outstanding performance by the Indian and American Companies who have excelled in trade and commerce between both the countries. These Awards have grown from strength to strength since its inception.
The Chief Guest at the event was Mr. Ram Jethmalani, MP, Rajya Sabha & Former Union Law Minster & Chairman of Bar Council of India; and Guests of Honor were Ms. Deanna Hanek, Acting Consul General, U.S. Consulate General, Mumbai and; Dr. Mukund Rajan, Brand Custodian, & Member - Group Executive Council, Tata Sons.
Dr Keshab Panda, CEO & Managing Director at L&T Technology Services received the award for the Company of the Year. Mr Paneesh Rao, Chief Human Resources Officer and Mrs Divya Bhatt, Global Head of Process Industries at L&T Technology Services together picked up the trophy for Best Green Office Space of the Year.
An eminent jury comprising of Business Leaders and bureaucrats from US Govt. examined the applications and selected the Awardees. The event was attended by representatives from the INDO-US Business Community, IACC Members, US and other diplomatic community, Expatriates and Celebrities.
“Winning an award in a category is no simple feat and winning the ‘Award for Company of the Year’ is truly commendable. It is our privilege and pleasure to bestow this award upon L & T Technology Services Ltd. as they have outdone their competition on multiple levels. One needs to excel in all respects and that is exactly what they have done!,” said Mr. Sunder Advani, President, Indo-American Chamber of Commerce, West India Council.
Dr. Keshab Panda, CEO & MD, L&T Technology Services, said, “At L&T Technology Services, we strive to deliver the objectives that our clients desire for and the Company of the year Award is a testimony to our efforts in providing green solutions to our Fortune 500 customers. The Green Space Award further reiterates our belief in providing green innovation and technology.”
About Larsen & Toubro:
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with USD 16 billion in revenue. It operates in over 30 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over seven decades.
About Indo-American Chamber of Commerce:
Started by Ambassador Chester Bowles along with Industry leaders and visionaries like Mr. S. L. Kirloskar, Mr. A. M. M. Arunachalam, Mr. H. P. Nanda, Mr. Ambalal Kilachand, Mr. Harish Mahindra, Mr. Frederick Fales and Mr. John Oris Sims, the Indo-American Chamber of Commerce (IACC), established in 1968, is the apex bilateral Chamber synergizing India-US Economic Engagement.
About L&T Technology Services Ltd
L&T Technology Services Limited is a wholly-owned subsidiary of Larsen & Toubro Limited with a focus on the Engineering Services space, partnering with a number of Fortune 500 companies globally. We provide ER&D services to manufacturing, technology and process engineering companies, to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers. We offer design and development solutions throughout the entire product development chain across various industries such as industrial products, medical devices, transportation, telecom & hi-tech, and the process industry. The company also offers services and solutions in the areas of mechanical and manufacturing engineering services, embedded systems, software engineering and process engineering, product lifecycle management, engineering analytics, power electronics, M2M and the Internet-of-Things (IoT).
With a multi-vertical industry expertise and multi-domain presence, we help clients achieve an advantage through value-creating products, processes and services.
Headquartered in India, L&T Technology Services has 9,406 employees, 12 global delivery centers and 31 labs in India as of March 31, 2016. For additional information about L&T Technology Services log on to www.ltts.com