CEAT Ltd. has won the Deming Grand Prize, which is instituted out of Japan and is a recognition of business excellence.
The award is considered “one of the highest achievements in Total Quality Management (TQM),” according to CEAT officials.
“We are extremely delighted with this achievement,” says Arnab Banerjee, CEO of CEAT Ltd.
“Winning this prize reflects our robust business systems and processes, leading to the creation of highly reliable and dependable products and services every time.”
CEAT officials say the award is given to organizations that have continued to “sustain and elevate their TQM practices for more than three years.”
The entire organization was assessed for the award, including its supplier and distribution network.
“Securing the Deming Grand Prize is a phenomenal achievement for CEAT and a resounding testament to the relentless dedication and unwavering commitment of every member within our organization,” says Amit Tolani, chief executive at CEAT Specialty, a division of CEAT Ltd.
Deming Grand was institutionalized in 1969 and is one of the longstanding quality awards presented by the Union of Japanese Scientists and Engineers (JUSE) for excellence in TQM.