FORNNAX wins “Best Brand 2024” award in recycling industry
03.02.2025The year 2024 has been a landmark one for FORNNAX TECHNOLOGY PVT LTD, marked by numerous significant achievements, with the most recent being the prestigious “Best Brand 2024” award presented by ET NOW (The Economic Times). This recognition demonstrates the company's considerable contributions to the recycling industry, firmly establishing FORNNAX's status as an industry leader.
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Situated in the bustling industrial hub of Ahmedabad, Gujarat, India, FORNNAX specializes in the production of top-tier recycling equipment like shredders and granulators, tailored to the ever-evolving needs of the recycling sector. This unwavering commitment to quality and local manufacturing has been instrumental in the company’s continued success.
Mr. Jignesh Kundaria, the Director and CEO of FORNNAX, shared his visionary outlook, stating: "We are dedicated to pioneering sustainable recycling solutions with our innovative offerings. Our mission goes beyond merely selling equipment; we are building a lasting business. This philosophy is at the core of who we are." This powerful message encapsulates FORNNAX's visionary focus, emphasizing their commitment to fostering sustainable recycling ecosystems and recognizing the interconnected nature of the industry.
The Economic Times presented this distinguished award to acknowledge and celebrate exceptional accomplishments within the recycling machinery manufacturing sector.
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FORNNAX extends its heartfelt gratitude for this revered recognition. The selection process for the “Best Brand 2024” award entailed a meticulous evaluation of several critical parameters, including brand value, market longevity of equipment, annual turnover, a remarkable 30 % growth rate, and strong brand recall among industry professionals and customers. These criteria reflect the extensive nature of the award and highlight the significance of FORNNAX’s achievements.
Upon receiving the award, Mr. Jignesh Kundaria, Director and CEO, along with Mr. Ankit Kalola, Global Head of Sales & Operations, expressed their enthusiasm. "We are deeply honored to be recognized as one of The Economic Times Best Brands of 2024," they said. "This accolade inspires us to continue innovating and developing groundbreaking solutions for the recycling industry," Mr. Kundaria added. "We owe our success to our dedicated employees, trusted stakeholders, and valued customers, and we are truly grateful to the ET NOW group for this esteemed award. We look forward to leading the charge towards a more sustainable future," he further expressed his he further expressed his appreciation.
With this recognition, FORNNAX remains resolute in its pursuit of innovative and efficient recycling solutions, continually striving to create a greener future.
