Venu Srinivasan receives Business Week, STAR OF ASIA Award from Former US President, Bill Clinton
Venu Srinivasan, Chairman and Managing Director of TVS Motor Company recognized as one of the Stars of Asia by Business Week International, that featured Asia's 25 top achievers, was today presented with a special plaque in recognition of his achievements by Former President of the United States, his Excellency, Mr. Bill Clinton, at CEO forum in Hong Kong.
Amidst a galaxy of international business tycoons, politicians and world leaders, Mr. Venu Srinivasan drew special applause as he received the plaque from Mr. Clinton. Adding significance to the occasion was the recognition accorded to him as the only Indian manufacturer eligible for this special distinction in the Stars of Asia 2002 along with stalwarts like Toyota Motor Corporation- President, Fujio Cho.
A visibly happy Venu Srinivasan said "I am proud that an Indian Company today is winning laurels amidst competition in the same segment from International business houses. Its speaks volumes of our diligent and dedicated work force at TVS Motor Company who have worked hard even under trying circumstances to keep the company in the forefront of our business."
Business Week, in its tribute has acknowledged that Venu Srinivasan is a saga of persistence. "For more than a decade, Srinivasan worked hard to revive his company, which manufactured motorcycles and scooters in a joint venture with Suzuki Motor Corporation after a strike nearly disrupted it. By 2001, TVS Motor Company had become strong enough to split with Suzuki on favorable terms and start manufacturing on its own," the publication has noted.
TVS Motor Company had, in 2002, bagged the Deming prize, a coveted international award for quality management. Since the time it decided to go on its own in the two-wheeler venture, it has been a steady upward climb for the company. While the TVS Victor has grown from strength to strength in the executive bike segment, TVS Motor is already working furiously on a slew of other products that will be launched during the course of next two months.