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NSE awarded CII-EXIM Bank Prize for Business Excellence-2014

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New Delhi (Nov. 19, 2014): National Stock Exchange, India’s leading stock exchange, has won the CII-EXIM Bank Prize for Business Excellence-2014, in recognition of its outstanding efforts in adopting excellent frameworks in its systems and processes, setting higher benchmarks and regularly raising the bar for industry standards.

Ms. Chitra Ramkrishna, Managing Director & CEO, NSE received the CII-EXIM Bank Prize for Business Excellence-2014 from Ajay Shankar, Member Secretary, National Manufacturing Competitiveness Council (NMCC) at the 22nd CII National Quality Summit, held here today.

The CII-EXIM Bank Award for Business Excellence is the most prestigious award that any Indian company aspires for, in the area of business excellence. It recognizes Companies that are leaders in innovative practices, dynamic management, sound financial performance, outstanding employee and customer satisfaction, and a solid commitment to excellence and proven results.

The prize winning company must demonstrate excellence in results with respect to all its stakeholders - employees, customers, society and shareholders, through excellence in leadership, strategy, customer focus, processes and people. NSE was selected after an intensive assessment process by an independent board of examiners on the above listed criteria, modeled on the European Foundation for Quality Management's Award for Business Excellence.

In the last 20 years, only 12 companies have met the threshold criteria to qualify for this prize and NSE is the first company in the BFSI sector and the only exchange to qualify for this prize. Infact no International exchange has so far met the stringent criteria set by the European foundation for Quality management.

Commenting on the occasion, Ms. Chitra Ramkrishna, MD & CEO, NSE said, “In its short, 20 year history, NSE has transformed the capital market based on technology, innovation and high standards of governance and management practices. The CII-EXIM Bank Prize for Business Excellence is a recognition of this remarkable journey. NSE’s business practices, product innovation and high levels of integrity have earned it the trust of the market and its participants. NSE has maintained its leadership with strong processes and ever improving standards of customer engagement and satisfaction.”