Mafatlal Industries Limited (MIL), the flagship company of the Arvind Mafatlal Group and one of India’s leading textile institutions, has been honoured with the Platinum Award at the 2024-25 Vision Awards Annual Report Competition organised by the League of American Communications Professionals (LACP). This marks the third consecutive year that the company has achieved this prestigious recognition in the Consumer Durables – Textile/Apparel/Luxury category.
In addition to the Platinum distinction, Mafatlal Industries has been ranked 65th globally among the Top 100 Reports Worldwide for the fiscal year under review. The company also received the Technical Achievement Award, acknowledging overall excellence in annual report communication and presentation.
The LACP Vision Awards are internationally recognised for celebrating best practices in corporate reporting and stakeholder engagement. Submissions are evaluated based on first impression, clarity of narrative, financial transparency, creativity, and overall communication effectiveness.
Commenting on the achievement, CEO Raghunath Mannil Balakrishnan stated that the continued recognition reflects the company’s disciplined approach to integrated reporting. He emphasized that the annual report serves not merely as a compliance requirement but as a strategic communication tool highlighting performance, governance standards, and long-term value creation.
This global recognition further strengthens Mafatlal Industries’ reputation for maintaining high standards of corporate governance, transparency, and investor communication, reinforcing confidence among stakeholders worldwide.