Kathmandu: Sipradi Trading Private Limited, one of the largest trading companies in Nepal, has bagged the ‘Super Platinum Award’ for outstanding performance in overall business practices, including customer-focused services. The award was given during Nepal Business Excellence Award 2017 hosted by the Confederation of Nepalese Industries, one of the largest private sector umbrella bodies, in association with Frost & Sullivan, a global consulting firm based in the United States, in Kathmandu on Tuesday.
Nepal SBI Bank was recognised as the first runner-up at the award ceremony. Vijay Distillery and Mega Bank Nepal went home with ‘Gold Award’, while CG Brewery Nepal and Ghorahi Cement Industry were honoured with ‘Silver Award’. Alfa Beta Institute, Chandragiri Hills, NIBL Capital Market, NMB Bank Limited and Teletalk Private Limited received ‘Certificates of Merit’.
These companies were honoured on the basis of their performance assessed using five indicators, which are globally recognised, according to Frost & Sullivan. The indicators are: sustainable financial and non-financial benefits, strategic alliance, employee and business partnership, reliable management processes and business productivity.
Frost & Sullivan’s Global President and Managing Partner Aroop Zutshi said companies were honoured on the basis of their preparation for the future and initiatives taken to embrace best practices to become more competitive and face challenges.
Zutshi said business organisations should change in line with changing digital technology in order to remain competitive.
Sipradi Trading bags ‘Super Platinum Award’.
Nepal SBI Bank has been recognised as the first runner-up.
NIBL Capital Market receives a ‘Certificate of Merit’.
Vijay Distillery bags a ‘Gold Award’.
Mega Bank Nepal is honoured with a ‘Gold Award’.
Chandragiri Hills receives a ‘Certificate of Merit’.
CG Brewery Nepal is presented with a ‘Silver Award’.