WEF Selects Transasia Bio-Medicals for Global Growth Company Award

By LabMedica International staff writers
Posted on 08 Jan 2015

Leading in vitro diagnostics (IVD) company Transasia Bio-Medicals Ltd. (Mumbai, India) has been selected as “Global Growth Company-2014” by the World Economic Forum (WEF), comprising top global enterprises.

After a thorough evaluation process, Transasia Bio-Medicals was selected as one of the most dynamic and high-growth companies, and considered a trailblazer, shaper, and innovator committed to improving the state of the world. This award also recognizes the strength of Transasia’s leadership ability.

Image: Transasia Bio-Medicals’s Mr. Suresh Vazirani, CMD, and Ms. Mala Vazirani, Executive Director, receives the “Global Growth Company-2014” award from Mr. David Aikam, Managing Director, Head of New Champions, World Economic Forum (Photo courtesy of Transasia Bio-Medicals Ltd.).

Image: India’s IVD company Transasia Bio-Medicals – winner of the World Economic Forum’s “Global Growth Company-2014” award (Photo courtesy of Transasia Bio-Medicals Ltd.).

The pool of candidates for 2014 was exceptionally strong and diverse, making the process all the more difficult and challenging. Transasia was selected in part on the basis of being one of the fast-growing companies with potential for global economic leadership. The nominated Global Growth Companies (GGCs) represent a broad cross-section of industry sectors but share a track record of exceeding industry standards in revenue growth, promotion of innovative business practices, and demonstration of leadership in corporate citizenship. Transasia Bio-Medicals being commended as India’s top manufacturer and exporter of diagnostic products to over 100 countries has been happily reckoned in this group.

The award was presented on November 5, 2014, at the India Economic Summit held in New Delhi, organized by WEF along with the Confederation of Indian Industry (CII). The summit facilitated the meeting of the WEF’s global multi-stakeholder community with the new government, to together define and help shape the country’s next phase of transformation. It enabled high-level leaders from the government, civil society, and the business sector to participate in issue-based interaction and explore how to collectively shape policies for inclusive growth. India’s Finance and Defence Minister, Mr. Arun Jaitley, inaugurated the summit.

Transasia Bio-Medicals is synonymous with quality and precision. It strives to deliver holistic healthcare solutions, thus providing its patrons with technological advances backed by expertise and experience. The company’s global footprint and mission are not only being recognized in India but also globally, and it takes pride in this acknowledgement by the prestigious World Economic Forum.

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