Mumbai, Feb 23: Mafatlal Industries Limited (MIL), the flagship company of the Arvind Mafatlal Group and one of India’s most trusted textile institutions, has once again been conferred with the prestigious Platinum Award at the 2024/25 Vision Awards Annual Report Competition organised by the League of American Communications Professionals (LACP). This marks the third consecutive year that MIL has received this prestigious award. The recognition honours the Company’s excellence in the development of its annual report within the Consumer Durables – Textile/Apparel/Luxury industry category.
Mafatlal Industries has been ranked among the Top 100 Reports Worldwide, securing the 65th position globally among all reports reviewed for the past fiscal year. The Company has also received the Technical Achievement Award for overall excellence in the art and method of annual report communications.
The LACP Vision Awards are regarded as one of the world’s most competitive platforms, recognising excellence in corporate reporting and stakeholder communication. Entries are evaluated across parameters, including first impression, narrative clarity, financial disclosure quality, creativity, and overall communication effectiveness. The recognition underscores Mafatlal Industries’ disciplined approach to governance, transparency, and strategic disclosure.
Mr. Raghunath Mannil Balakrishnan, CEO, Mafatlal Industries Limited, commented, “We are honoured that Mafatlal Industries has once again been recognised at the LACP Vision Awards, marking the third consecutive year our annual report has earned Platinum status and been ranked among the Top 100 Reports Worldwide. This sustained recognition reflects the strength of our integrated reporting- not as a compliance exercise, but as a disciplined articulation of performance, governance, and strategic intent. In a competitive global field, such consistent acknowledgement underscores our commitment to transparency, accountability, and world-class stakeholder communication. We will continue to elevate our reporting to align with evolving global benchmarks and long-term value creation.”
This international acknowledgement reinforces Mafatlal Industries’ commitment to high standards of corporate governance and communication, strengthening trust among investors, partners, and the wider stakeholder community.