Vikas Ecotech Limited, a leading player in the Specialty Polymers and Additives sectors, has been awarded the prestigious distinction of being one of the Top 75 Innovative Companies at the Confederation of Indian Industry (CII) Industrial Innovation Awards 2024. This recognition, bestowed at the CII Annual Summit 2024 held on December 12–13, 2024, at The Lalit Hotel, New Delhi, is a testament to the company’s exceptional contributions to innovation and industry leadership.

Award Significance

The CII Industrial Innovation Awards 2024 acknowledge the most forward-thinking companies in India, and being listed among the top 75 highlights Vikas Ecotech's commitment to excellence and pioneering advancements in several fields. Specifically, the company was recognized for its outstanding work in the development of Intelligent Coatings based on Nanocomposites, Electro Magnetic Induced (EMI) Shielding, and waste management solutions. These innovations are set to transform industries by addressing critical challenges in global markets.

Ceremony and Recognition

The award ceremony featured notable dignitaries from various sectors, all of whom highlighted Vikas Ecotech’s role as a leading innovator in its field. The recognition at such a prestigious event reflects not only the company’s technological advancements but also its strategic approach to creating cutting-edge solutions that contribute to sustainable growth.

The award also reinforces Vikas Ecotech Limited’s ongoing commitment to research and development, a core part of the company’s growth strategy. The company's work in nanocomposites and EMI shielding stands at the forefront of industry advancements, helping meet the growing demand for more effective, environmentally friendly, and innovative technologies.

About Vikas Ecotech Limited

Vikas Ecotech Limited, headquartered in New Delhi, operates in the fields of Specialty Polymers and Specialty Additives for the plastics and rubbers industries. The company is renowned for its expertise in manufacturing Organotin (heat stabilizers for vinyl applications) and has a global presence as one of the few manufacturers of this product worldwide. Vikas Ecotech serves a diverse range of industries, including agriculture, pharmaceuticals, automotive, medical devices, packaging, and consumer goods.

In its continued efforts to expand its business and product portfolio, the company has made several strategic acquisitions. It acquired 100% equity of a Plasticizer Manufacturing Business valued at around Rs 270 million and ventured into Infrastructure Development in FY 2021-22 with the supply of infrastructural steel to renowned construction companies in northern India. Additionally, the company acquired Shamli Steel Private Limited, specializing in infrastructural steel.

CII and Its Role

The Confederation of Indian Industry (CII), established in 1895, is one of India’s premier industry organizations, playing a key role in promoting economic development and fostering industrial growth through policy advocacy, business promotion, and global partnerships. With a membership base of over 9,000 direct members and a network of more than 300,000 companies, CII is at the forefront of driving sustainability and technological advancements in the country. The CII Annual Summit 2024 provided a platform for key stakeholders from across industries to engage in dialogue, discuss emerging challenges, and find innovative solutions for India's economic future.

Looking Forward

As Vikas Ecotech Limited continues to expand and innovate, this award serves as a powerful reminder of its leadership in driving technological advancements across multiple sectors. The company’s continued focus on research, product development, and strategic acquisitions will undoubtedly support its long-term success in global markets.

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