08 December 2022, Bengaluru: VST Tillers Tractors Ltd. one of India’s leading farm equipment manufacturers is recognized among India’s top 50 Most Innovative Companies by the Confederation of Indian Industry (CII). The award evaluates the overall innovation culture of the company including innovation in management, inputs to innovation, results of Innovation, processes, products, services, technologies, and approaches that brought about quantifiable results.
VST was felicitated with the ‘CII Industrial Innovation Awards 2022’ on 3rdDecember during the CII Advanced Materials Summit 2022 virtual event.
Receiving the award, Mr. Antony Cherukara, CEO, of VST Tillers Tractors Ltd., said “It is an absolute honor for us to be among the top 50 most innovative companies in India for the second year in a row. We are thrilled to receive this recognition from CII for Excellence in Innovation. At VST it is our constant endeavor to innovate and achieve breakthrough results and offer the best-in-class solutions for the Indian farming community. This award is a testimony to our commitment to the farming community for offering high quality, innovative and sustainable products.”
CII Industrial Innovation Awards were instituted in 2014 to identify and celebrate innovative Indian enterprises across industry segments and sectors. This award aims to encourage the industry to adopt a structured Innovation Framework in their operations and measure their performance periodically on the way to moving up the Innovation Value Chain. The Framework has been widely appreciated by the industry and the number of applications for this coveted award has been increasing year by year. The award has formulated an Enterprise Innovation Maturity Framework which forms the basis of the assessment of firms applying for CII Industrial Innovation Awards.
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