IBM recognised as 'Overall Best' US co in India

NEW DELHI: Technology major IBM India on Friday said it has been recognised as the 'Overall Best' US company in India by Indo American Chambers of Commerce (IACC).

The award will be presented to IBM India-South Asia Managing Director Shanker Annaswamy during India-American Corporate Excellence Awards Function in Mumbai tomorrow, IBM said in a statement.

The IACE awards are conferred on companies fulfilling parameters such as contribution to Indo-US trade, financial performance, corporate social responsibility and human capital management.

IBM was evaluated against other organisations which have operated in India for a minimum of two years and are a subsidiary of a US company or are managed by a US firm.

With headquarters in Bangalore, IBM India has offices across 14 cities in the country and employs 53,000 people.

It had also announced an investment of six billion dollar in India in 2006 over next three years.