Forbes Technosys Limited Wins IMC Excellence Award for Emerging Technologies

MUMBAI, February 4, 2014 /PRNewswire/ --

Forbes Technosys Limited, a pioneer in the field of payments processing and transaction management solutions and services, has emerged as the winner of the IMC-IT awards for its exemplary solutions in emerging technology in cloud and mobility space. The awards were given by Indian Merchants Chamber under the banner IMC-IT awards. The award winners were selected by an eminent jury comprising of former Chairmen of Nasscom and other eminent dignitaries from technology field.

Indian Merchants Chamber (IMC) - IT awards is an initiative to acknowledge companies which have contributed significantly in the technology space and have set a benchmark for others. The award not only recognizes technological discoveries and initiatives that has not only benefited mass users but also sparked business transformation and growth. Despite being the first year of inception of these awards, Forbes Technosys was amongst the few companies which got selected from close to 150 nominations. The award was presented by Mr. P.S. Deodhar  (Former Chairman of the Electronic Commission, Government of India) to Mr. Ajay Singh (Chief Executive Officer, Forbes Technosys Limited), at a function attended by eminent dignitaries from various fields. Indian Merchants Chamber (IMC) is a premier chamber of trade, commerce and industry in India set up in 1907. Headquartered in Mumbai, the chamber has more than 3000 members, comprising a variety of sections of the business community.

Forbes Technosys Limited is a pioneer in transaction management and transaction automation solutions and provides services, solutions and networks that enable customers to manage their transactions more efficiently at a lower per transaction cost.

Forbes Technosys Limited lines of business include self-service automation (kiosks and multi-function ATMs), imaging solutions, financial inclusion solutions, enterprise mobility solutions, banking automation solutions, retail automation products, e-Payment solutions, e-stamping solutions, recharge and ticketing solutions and managed services. Forbes Technosys Limited' customers include leading banks, insurance companies, telecom companies, power companies, utilities, financial institutions, retailers, airlines and government organizations.

Forbes Technosys Limited has won many accolades at National and International levels for its innovation capabilities, the prominent ones being - Red Herring Global 100 award, Red Herring Asia 100 award, Global Enterprise Architecture excellence award, Design Mark for its Design Innovations, e-World awards, e- India awards, NABARD recognition for rural innovation, SME excellence awards, Service Delivery awards and many more.

About Forbes Technosys:

Forbes Technosys Limited is a wholly-owned subsidiary of Forbes & Company Limited (F&CL). F&CL is part of the Shapoorji Pallonji Group (SP Group) which has a turnover of over US $ 2.5 billion. This award further reinstates Forbes Technosys capabilities in cloud and mobility technology.

For more information, please visit http://www.forbestechnosys.com

Primary Media Contact: Daideepya Sharma, [email protected], 91-9769061840

Secondary Media Contact: Anuj Sahu, [email protected], 91-9619887915