Hyderabad, India, 22 December 2014 -The Institute of Company Secretaries of India (ICSI) National Award for Excellence in Corporate Governance for 2014 was presented to Cyient in recognition of the highest levels of transparency and governance practices adopted by the company. Honorable Union Minister for Law and Justice, Mr. DV Sadananda Gowda, presented the award to Cyient's Founder & Executive Chairman, Dr. BVR Mohan Reddy, and Company Secretary, Sudheendhra Putty in a ceremony held by ICSI in New Delhi on 19th December.
On receiving the award Dr. BVR Mohan Reddy said, "It is, indeed, a moment of pride and honor for Cyient to receive the ICSI award. Cyient is built on a foundation of Values. Values are FIRST (Fairness, Integrity, Respect, Sincerity and Transparency) to us, and structured with four pillars of strength (shareholders, clients, employees, and society). The company's commitment to creating shareholder value, customer delight and employee empowerment is demonstrated in its adherence to elaborate board processes and procedures, robust internal processes to ensure clients' intellectual property security, open-door policy for employee grievance resolution, and fair and open communication."
Cyient also recognizes corporate social responsibility (CSR) as a core element of good corporate governance. Its CSR initiatives are extended through the Cyient Foundation (formerly Infotech Enterprises Charitable Trust) and go beyond charity. The foundation has a range of initiatives aimed at providing education for underprivileged children, and holistic development and sustainability in the community.
The ICSI National Award for Excellence in Corporate Governance was instituted in 2001. The jury for 2014 comprised distinguished members headed by Honorable Justice MN Venkatachaliah, former Chief Justice of India.
About Cyient Limited
Cyient Limited is an engineering, network and operations solutions company headquartered in Hyderabad, India. More than 12,500 associates across 38 global locations apply expertise in industries including aerospace, consumer, energy, medical, oil and gas, mining, heavy equipment, semiconductor, rail transportation, utilities and communications. By collaborating closely with clients to anticipate needs and solve complex problems, Cyient has developed long-term partnerships with companies around the world. This enables the company to do more and reach further, resulting in a better tomorrow.