Amway India completes a hat trick of prestigious Adam Smith Asia Award in 2016
by Suman Gupta
Gurgaon, January 06, 2017— Amway India, country’s leading direct selling company and a wholly owned subsidiary of Amway, USA, has been awarded the overall winner of the Judges’ Choice Award in the prestigious Adam Smith Awards Asia 2016. This is the 4th Adam Smith Award won by Amway India in the last 3 years.
The Adam Smith Awards are recognized globally as the ultimate benchmark for achievement in corporate treasury. In 2016, more than 200 nominations were submitted across the Asia Pacific region with every major country and territory of the Asia-Pacific region represented.
Speaking on the occasion, K.V Hariharan, Senior Vice President - Finance, Amway India, said, "Our endeavor has been to implement best in class treasury practices and we are delighted to have achieved the hat trick. We will continue to further innovate the treasury processes at Amway India.”
Bikash Mukherjee, Treasury Head, Amway India, said, "We have implemented robust mechanisms to support our business and make online payments to the many thousands of Amway distributors on a month to month basis. This recognition will drive us further.”
Amway India received Adam Smith Award for 'Best in Class benchmarking' in 2014 and ‘Best in Class Benchmarking' & 'Best Corporate and Social responsibility initiative' for the year 2015. The treasury team at Amway also won the most prestigious award by The Asset, Asia's leading finance magazine, for 'The Best Electronic Banking Implementation'. The award recognizes the efforts and support provided by Amway to implement the most complex electronic banking solution with best in class Host to Host integration in JDE.
About Amway India
Amway India is a wholly owned subsidiary of Amway with headquarters located in Ada, Michigan, USA. Amway is one of the largest Direct Selling companies in the world with presence in over 100 countries & territories.
Globally, Amway is over 56 year old, US $ 9.5 billion, manufacturer and direct seller of high quality consumer goods. Amway’s innovation and industry-leading R&D has seen more than 1,150 patents granted and another 500 patents pending. Amway has more than 950 scientists across 75 research and development and quality assurance laboratories worldwide.
Amway India sells more than 130 daily use products across categories like Nutrition, Beauty, Personal Care and Home Care through individuals who make personal recommendations regarding the use of distinctive high quality products. Amway products are widely recognized and appreciated for their quality and value. These products are backed by a money back guarantee for 100% satisfaction of use.
Amway products are popular not just in India but across the world. Nutrilite is the world's No. 1 selling vitamins and dietary supplements brand while Artistry is among the world’s top five, largest selling, premium skincare brands.*
Amway’s manufacturing facility in India is located at Nilakottai in the Dindigul district of Tamil Nadu. This is Amway’s third manufacturing plant located outside of USA. The other plants are located in China and Vietnam.
*Source: Euromonitor International Limited. www.euromonitor.com/amway-
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