Mumbai, 10 February, 2017: Tech Mahindra, a specialist in digital transformation, consulting and business reengineering has been declared winner of the prestigious Golden Peacock Award for Corporate Ethics (GPACE) for the year 2016. The award will be conferred by Union Finance Minister Arun Jaitley at a special presentation ceremony scheduled to be held in Mumbai on February 17.
Instituted by the Institute of Directors (IOD) in 1991, Golden Peacock Awards are regarded as a benchmark of Corporate Excellence worldwide. Justice P N Bhagwati, former Chief Justice of India, is the Chairman Emeritus of Golden Peacock Awards while Justice M N Venkatachaliah, Chairman, Institute Of Directors and former Chief Justice, Supreme Court of India is the Chairman.
Every year, the nomination committee receives around 1000 applications for various categories of awards which are evaluated following a three-tier evaluation process. The Awards Jury that selected the winner of the ‘Golden Peacock Award for Corporate Ethics’ for 2016, was chaired by Justice Arijit Pasayat, former Judge, Supreme Court of India and former Chairman, Competition Appellate Tribunal & Authority for Advance Ruling (Customs, Central Excise & Service Tax).
“As an organization, it has been our constant endeavor to incorporate the highest standards of corporate ethics and governance in our practices. We are extremely delighted to be recognized through this prestigious award,” said Milind Kulkarni, Chief Financial Officer, Tech Mahindra.
Earlier in 2016, Tech Mahindra’s Business Services Group (BSG) was a recipient of the Golden Peacock Business Excellence Award for 2015.
Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.