Mumbai : June 04 2013 : Avantha Group Company CG was honoured as the top Indian company in the Power Equipments sector for the year 2012 by Dun & Bradstreet (D&B) at their Corporate Awards event held in Mumbai. The award recognized and felicitated corporate India’s leading companies from various sectors.
The awards methodology was developed through a proprietary financial model, by D&B basis eight parameters viz; total income, net profit, net worth, net profit margin, return on net worth, average market capitalization for FY12, growth in total income and growth in net profit.
Commenting on receiving the award, Avantha Group Company CG’s CEO & Managing Director, Mr. Laurent Demortier said: “We are very pleased to receive the 2012 Dun & Bradstreet Corporate Award. It is indeed a proud moment for us to be the sole recipient of this award in the Power Equipments sector. CG is well positioned to lead by example in the power equipment sector and is focused on leveraging India’s value differential in cost effective manufacturing & talent resource pool to offer its global customers innovative and energy efficient electrical products.”
About Avantha Group Company CG
CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation and Consumer. CG clocks US$ 2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings.
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