NSE has pioneered digital trading, says Chauhan
ABB India Limited says its manufacturing footprint has expanded 3-fold and revenue increased 20x, PAT 37x over three decades, when the Swedish-Swiss MNC unit became among the first companies to be listed on National Stock Exchange (NSE).
Celebrating 30 years of its listing on NSE on 4 Aug, ABB India Country Head and Managing Director Sanjeev Sharma said, “(As) India enters a new era of modern infrastructure, digitalization and energy transition, ABB is proud to play a role that shapes the future of the country http://commerce.gov.in.
“Following 75 years of manufacturing and innovation in the country, we are now proud to celebrate three decades as a listed entity on the NSE. Over the years, we have successfully navigated market cycles, embraced digital transformation, and remained committed to delivering high-performance, sustainable solutions, all while staying true to our core belief of being ‘Engineered to Outrun’.
“We have not only empowered industries to outrun leaner and cleaner but have also walked the talk in making our own operations resource-efficient and sustainable,” he said https://www.bseindia.com/.
Sharma and Ashishkumar Chauhan, MD & CEO of NSE, as well as senior leaders from both organizations led a ceremonial bell-ringing event at NSE Mumbai http://makeinindia.com.
Listed on February 8, 1995, ABB India has evolved from a traditional electrical equipment and engineering firm into a future-ready electrification and automation technology leader. Over the past three decades, the company has consistently delivered strong financial performance and shareholder value. A lot of 100 shares purchased at listing for Rs.8,883 is now worth over Rs.608,050, reflecting a 6,745% increase, excluding dividends.
Chauhan said, “ABB India’s 30-year journey on the NSE is a testament to its resilience, innovation, and governance. Its growth story mirrors the rise of India’s capital markets with NSE becoming the fifth largest exchange in the world by total market capitalization.
“NSE has also championed and pioneered the concept of digital trading in the country, bringing in unprecedented transparency and accountability. We congratulate ABB India on this milestone and look forward to its continued leadership in powering India’s progress.”
ABB India has expanded its operations from manufacturing to include R&D, engineering operations, and business services. Today, it serves 23 industry segments, up from just six in the early years. Over 90% of its India-made products are consumed locally under its ‘Local for Local’ strategy. There are more than 10,000 people working across multiple locations, businesses, functions and entities of ABB, relentlessly serving our customers. The company works with over 750 partners across 150+ cities and 6,000+ suppliers, reinforcing its commitment to local ecosystems. Fiinews.com
