Amway India bags prestigious Adam Smith Asia Award 2015

Amway India, country’s one of the leading direct selling company and a wholly owned subsidiary of Amway Corporation, USA, has been awarded Two prestigious Adam Smith Asia Awards 2015 for ‘Best in Class Benchmarking’ & ‘Best Corporate and Social responsibility initiative’ for the year 2015.
The Adam Smith Awards are recognized globally as the ultimate benchmark for achievement in corporate treasury.In 2015, more than 200 nominations were submitted across the Asia Pacific region with every major country and territory of the Asia-Pacific region represented.
Speaking on the occasion, K.V Hariharan, CFO, Amway India, said, “We are challenging conventions and are invigorating a new culture of growth through innovation within Amway. This is an important part of our strategy of inclusive, ethical and sustainable growth. Amway operates with very high ethical standards and the same apply to the treasury department. We have a complete vision and roadmap to implement best in class treasury practices in India.”
Bikash Mukherjee, Treasury Head, Amway India, said, “Treasury is an important department for us as we use it to pay commissions to the many thousands of Amway distributors on a month to month basis. We are delighted to see that the endeavor to adopt world class practices is paying rich dividends.”
Amway India received Adam Smith Award for ‘Best in Class benchmarking’ in 2014. The treasury team at Amway also won the most prestigious award by The Asset, Asia’s leading finance magazine, for ‘The Best Electronic Banking Implementation’. The award recognizes the efforts and support provided by Amway to implement the most complex electronic banking solution with best in class Host to Host integration.