TAFE chairman & CEO Mallika Srinivasan gets Asian Business Leadership Award

New Delhi, November 29, 2012: The Asian Business Leadership Forum felicitated Ms Mallika Srinivasan, chairman and CEO of India’s second and world’s third largest tractor maker TAFE (Tractors & Farm Equipment Ltd), with the prestigious ABLF Woman of Power Award for her outstanding contribution to the industry.

The annual ABLF Woman of Power achiever’s award recognises corporate women who are committed to excellence and innovation, and maintain healthy interpersonal relationships within their business environment. Above all, the winner must be an achiever who cherishes family and community values, and achieves a balance between work and home, and is held as a role model for women achievers around the world. The ABLF Awards celebrates the women of Asia who command respect and admiration globally for their effective role in the new Asian business space.

Ms. Srinivasan received the award at a function in Abu Dhabi, UAE, yesterday. Acknowledging the award, Ms. Srinivasan said, “I am deeply privileged to receive the ABLF Woman of Power Award for the year 2012. The Award recognises and encourages the rapidly growing role of women in Asia’s economic development. Women bring to the corporate world unique perspectives and competencies, and represent a valuable talent pool that adds richness and diversity while at an individual level, they may continue to face challenges in the varied socio-political environment that dots Asia.” “With Asia clearly emerging as the epicentre of the world’s economic growth,” she said, “the women in Asia will needless to say, play an important role in harnessing this growth potential.”

Ms. Srinivasan pointed out that TAFE strives to transform the livelihoods of farmers, particularly in the developing world, through offering innovative relevant technology that enhances productivity and farm incomes. For over five decades, Team TAFE has worked closely with the farming community in India and 77 countries across the world.

As TAFE expands its global footprint, the company is committed to developing and propagating eco-friendly technologies that will ensure for farmers, a profitable tomorrow, she added.

The Chennai-based TAFE is the third largest tractor manufacturer in the world and exports its products to 77 countries. It has an ongoing collaboration with Massey Ferguson (now owned by AGCO Corporation, USA) for over 50 years. Apart from its Turkey plant, TAFE has four tractor plants in India that produce a range of tractors in the sub-100 HP range in both the air- cooled and water-cooled platforms under the TAFE, MF and Eicher brands. Additionally, through wholly owned subsidiaries, it manufactures diesel engines, engineering plastics, gears and transmission components, hydraulic pumps and cylinders, panel instruments, and batteries and owns vehicle franchises and plantations.