At the 38th Corporate Excellence Awards 2023 ceremony, hosted by the Management Association of Pakistan (MAP) in Karachi, Indus Motor Company (IMC) won the Best Corporate Excellence Award in the Automobile Assembler Sector’s category. The award presented by Mr. Younus Dagha, Sindh Minister for Revenue & Industry, was received by the company’s CFO, Mr. Mohammad Ibadullah.

The laurel recognizes IMCs’ outstanding performance whilst demonstrating progressive management practices during 2023. IMC has been a recipient of the Best in Sectoral Corporate Excellence Award for the 8th time since 2010 and has also won the coveted Overall Industrial Corporate Excellence Award, four times.

Ali Asghar Jamali, the IMC’s Chief Executive, said: It’s quite an honour to receive this coveted award from MAP once again. As I like to say, excellence is more than a set of year-end results; it’s a journey of prevailing attitude, and for us, the biggest contributor in this crowning accomplishment has been the “Toyota Way”. This recognition signifies IMC’s will, commitment, and dedication to consistently deliver on all its stakeholders’ high expectations.”

The evaluation for the Awards comprised multiple phases, including a detailed financial assessment, a review of management practices, and management interviews. MAP retained an impartial third-party consultant to evaluate the award and compile the results.

The Corporate Excellence Awards was instituted by MAP in 1982 to recognise and honour companies showing outstanding performance and demonstrating progress and enlightened management practices.