CMC Wins the Golden Peacock Innovative Product / Service Award - 2011
Bangalore, January 24, 2012
CMC Ltd. has won the Golden Peacock Innovative Product/Service Award for 2011 at an award ceremony held at the 22nd World Congress on Total Quality in Bangalore. The award was presented to Mr. Ramanathan Ramanan, Managing Director & Chief Executive Officer, CMC Ltd. by Ola Ullsten, former Prime Minister of Sweden and Co-Chair, World Commission on Forests and Sustainable Development, RtHon'ble Baroness Sandip Verma, Lords Minister for Business, Innovation & Skills (Higher Education) and Equalities & Women and the Whip for the Cabinet Office, British Government and Lt. Gen J. S.Ahluwalia, PVSM (retd.), President, Institute of Directors.
The award was won by CMC's Genisys Configurator, which is empowering a large number of General Insurance companies in India.
The company has added 1474 employees during the current quarter buoyed by the growth in business.The attrition rate during the quarter fell to 18.7% from 22.2% in the previous quarter.
While addressing the distinguished gathering of business leaders, jurists, academia, environmentalists, economists, legislators and policy makers, Mr. Ramanan said, "CMC Ltd. has been at the forefront in managing client issues and helping them with innovative ideas to run business operations smoothly. I congratulate our fellow staff members who have maintained CMC's growth momentum in the current challenging business environment."
About The Golden Peacock Awards
The Golden Peacock Awards (GPA) is a set of prestigious national and global awards designed to improve productivity and quality in organizations. The Golden Peacock Awards are now considered the greatest recognition of corporate excellence in areas of innovation, quality, training, governance, environment management and corporate social responsibility. The 'Golden Peacock Innovative Product/Services Award' named after India's national bird the "Peacock" is awarded every year to the most innovative product as determined by the satisfaction of customer's long term unexpressed and unarticulated needs and aspirations in a most cost-effective manner which is consistent with the society's goal of sustainable development.
About CMC Limited
Incorporated in 1975, CMC is a pioneer Information Technology solutions provider in India and is a subsidiary of Tata Consultancy Services Limited, Asia's largest software Company. Operating out of 18 offices and 180 service locations in the country, CMC employs around 7400 people and has a wholly owned subsidiary in USA called CMC Americas, Inc.
CMC's vision is to operate globally and bring the benefit of Information Technology to improve the productivity of its customers and the quality of its customer's products and services. CMC combines horizontal expertise in Information Technology with its vertical experience developed by working in a wide range of Industries.
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