By Samachar Digital News
Pune 27th November:-Kirloskar
Oil Engines Limited (KOEL) was declared ‘AWARD’ Winner of the CII EXIM Bank Award for Business
Excellence 2019, becoming the first Diesel Engines / Gensets Company to win
this prestigious award. The award acknowledges excellence in Total Quality
Management in the following areas: Leadership, strategy, people, partnerships,
customer-driven processes, performance in creating value for all its
stakeholders (customers, shareholders, employees, partners and the society at
large).
The Confederation of Indian Industry
and the Export-Import Bank of India, jointly, instituted the CII EXIM Bank
Award for Business Excellence in the year 1994. It is today recognizes as one
of the most prestigious awards in India for Business Excellence. The rigorous
process of assessment, lasting six months, follows the Business Excellence
Model-based on European Foundation of Quality Management (EFQM).
Upon conferring this award during the
27th National Quality Summit at Bangalore on 23rd November
2019, the citation from the CII mentions the following:
KOEL has put in place Internal controls and
Governance to ensure optimum growth in Business Volume, Sales Value and
reduction in working capital along with the adoption of Lean Machine concepts
for optimum use of plant and machinery. In line with the group philosophy of
being responsible corporate citizen, KOEL drives multiple CSR interventions
that have resulted in high societal engagement and satisfaction.
Strong Leadership, engaged employees, proven
processes, Green Products, Cost Leadership and growth in chosen export markets
make KOEL, “The Indian Company” to compete with for the Global Players in India.
Acknowledging the award during National
Quality Summit, R R Deshpande MD & CEO of KOEL said that KOEL is honoured
to have been conferred this award. I am very thankful to CII and the EXIM Bank
for having partnered with us in our journey to excellence. This award is a
great honour for KOEL and recognizes our passion for excellence. At KOEL it is
our mission to continuously strive to set higher standards. In today’s highly
competitive business environment, achieving superior results is hard, but
sustaining it is even harder. KOEL will relentlessly strive to raise the bar in
our journey of excellence.
Leading Diesel Engines / Gensets
industry, KOEL is placed with previous eminent winners from the manufacturing
sectors in India such as Hewlett Packard, Maruti Udyog, Tata Steel, Godrej
& Boyce and Bharat Electronics Limited. Reputed global corporations in
Europe who has received awards based on this model include Ericsson, IBM, Texas
Instrument, British Telecom and TNT.
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