Rishabh Instruments’ Subsidiary, Lumel SA, Receives Forbes Diamonds 2026 Award for Second Consecutive Year
Rishabh Instruments Limited's (RIL) wholly owned subsidiary, Lumel SA, has been honored with the prestigious Forbes Diamonds 2026 Award. The recognition marks the second consecutive year the company has received this distinguished award in Poland.Lumel SA was recognized in the medium category of companies within the Lubuskie region. This achievement highlights the financial strength, operational excellence, and sustained growth demonstrated by the company over the past three years.
The Forbes Diamonds Award acknowledges businesses that exhibit exceptional growth and effective management practices. The specific recognition falls under companies operating in the medium business category, defined by an annual revenue range of PLN 50 to 250 million. Earning this distinction for two consecutive years underscores Lumel SA's consistent execution and strategic focus on creating long-term value.
This award places Lumel SA among an elite group of high-performing enterprises, recognizing its sustained revenue growth and financial resilience. The recognition is attributed to the company’s dedication to continuous investments in advanced technologies, innovation, manufacturing capabilities, and sustainable development initiatives.
The accomplishment further strengthens Lumel SA's standing as a key provider of industrial automation, measurement, and energy management solutions, reaffirming its commitment to enhancing efficiency and sustainability across the global energy ecosystem.
Management Comment on Recognition
Commenting on the achievement, Dineshkumar Musalekar, CEO of Lumel SA, emphasized that the award is a reflection of collective effort and expertise from the entire team. He noted that receiving the Forbes Diamonds 2026 Award for the second consecutive year serves as significant validation of the company’s long-term strategy and operational excellence.Mr. Musalekar stated that the recognition reinforces confidence in the investments, innovation, and disciplined execution at Lumel SA, and he expressed gratitude to all team members for contributing to this milestone.
About Rishabh Instruments Limited (RIL)
Rishabh Instruments Limited (RIL), incorporated in 1982, is a global energy efficiency solutions provider engaged in the manufacturing, design, and development of related products. RIL specializes in electrical automation, electrical instrumentation, metering, and measurement, holding a leadership position in the global supply of analog panel meters and low voltage current transformers.The company also provides complete aluminium high-pressure die casting solutions for clients such as automotive compressor manufacturers and high precision flow meters manufacturers. RIL operates with vertically integrated operations across five manufacturing facilities located in India, Poland, and China. It maintains a network of 350+ global authorized dealers/stockists catering to over 70 countries.
RISHABH Stock Price Movement
On Thursday, shares of Rishabh Instruments Limited shed value, slipping 2.23% to settle at ₹567.40 in market trading. The stock saw a volume of 117,559 shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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