NTL Electronics Bags ELCINA-EFY award for Outstanding achievements in "Business Excellence"
NTL Electronics India Limited, Lighting Electronics major from India and one of the nation's largest player in the lighting electronics, has bagged the first prize in the ELCINA-EFY awards.
- (1888PressRelease) September 29, 2012 - NTL awarded the first prize at a glittering ceremony.
NTL Electronics India Limited, the Rs. 557 Cr (US$ 110 million) Lighting Electronics major from India and one of the nation's largest player in the lighting electronics, has bagged the first prize in the ELCINA-EFY awards, for outstanding achievements in 'Business Excellence' for the year 2011-12. The award was presented to Mr. Arun Gupta, MD, Mr. Praveen Gupta, CEO, Mr. Sudhir Mishra, COO & Mr. RK Sharma, GM - R&D, NTL Electronics India Private Limited at a glittering ceremony at New Delhi.
ELCINA-EFY awards are designed to celebrate and promote entrepreneurs of electronic industry. The award receives large number of nominations and the award committee comprises of senior Govt. Officials and industry experts scrutinize the entries to decide the winner. This award is meant to recognize outstanding achievements by electronics manufacturing companies.
NTL Electronics India Ltd. is the leading manufacturer and supplier of electronic products for the lighting industry. NTL Electronics product range includes Electronic control gears, Electronic transformers, Electronic ballasts, Luminaires, CFLs and LEDs.
NTL has recently entered into a JV with Lemnis Lighting, the global LED major from The Netherlands, to design, produce and sell energy efficient, LED lighting solutions for India as well as the global audience.
"We are absolutely delighted to be recognized for our achievements in the electronics industry. The fact that we have been awarded the top honour in business excellence is even more heartening. It is a vindication of our commitment to process orientation and an unwavering focus on quality", says Mr. Arun Gupta, MD, NTL Electronics India Limited. "The credit goes to the entire company and I promise that we at NTL Electronics will try to keep contributing more and more to this sector".
NTL began its operations in the year 1993 and started its lighting journey in the year 2002. In less than 10 years of this journey, NTL has become the largest electronic manufacturing company in the lighting industry in India. The company has grown at an impressive CAGR of 52% in the last 5 years. In 2010, a Private Equity firm, CX Partners, picked up a 20% stake in the company.
NTL's biggest strengths are its development and manufacturing capabilities. As a result time to
market for new products is not very large. This capability allows NTL to give a large range of products to its customers, the who's who of the lighting industry.
About ELCINA-EFY Awards:
ELCINA, the oldest and largest association representing the electronics manufacturing industry in India, was the first organization in India to institute Awards for Excellence in Electronics in the year 1976. These Awards recognize outstanding achievements of electronics/IT manufacturing & service companies. These awards have stood the test of time and are highly regarded in industry circles. Since inception in 1976, the Awards have been supported by officials of the Department of Information Technology, Government of India by their participation in the selection process and this has enabled the elevation of these Awards to their present stature.
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