Videocon, the leading consumer electronics brand with the largest distribution network in the country, bagged the esteemed award for good performance in private manufacturing under large organization category, at the 12th National Award for Excellence in Cost Management 2014.
Organized by The Institute Cost Accountants of India (ICAI), the National Award is given to companies for their valuable contribution to industry and the society at large, showcasing excellence and forward thinking. This is the third consecutive year that the brand has emerged as a winner at the Excellence in Cost Management Award ceremony, retaining its position as an efficient company. Mr. Sunil Kumar Jain, CFO, Videocon (CE/HA Div.) accepted the award during a graceful event held amongst industry stalwarts and corporate leaders in New Delhi.
S.K. Jain, CFO, Videocon said, “The Company’s striving effort to surpass in cost management by introducing indigenous manufacturing and R&D is truly reflected in this award. Through our innovative and viable products, the brand today appeals to a broad range of customers from differing socio-economic backgrounds. The company’s passion and commitment to come up with more such prolific innovations for its customers is in line with Videocon’s customer centric approach. Videocon extends its sincere appreciation towards the loyalty of its customers and accredits the awards to them. Also the award surely would not have been possible without the hard work that the team at Videocon has put in.”
The event was attended by industry leaders and was chaired by Chief Guest Col. Rajyavardhan Rathore (Retd.) AVSM , Minister of State for Information & Broadcasting, Dr. A.S. Durga Prasad, President, The Institute Cost Accountants of India.