Key Event Details
Rishabh Instruments Limited's wholly owned subsidiary Lumel SA has been honored with the Forbes Diamonds 2026 Award for the second consecutive year. The award was received in the medium category of companies (PLN 50-250 million annual revenue category) in the Lubuskie region (Lubusz Voivodeship) of Poland.
Award Significance
The Forbes Diamonds Award is recognized as one of Poland's most respected business rankings and acknowledges companies that have demonstrated exceptional growth, financial strength, and effective management practices over the past three years. This is the fifth prestigious award Lumel SA has received over the past 18 months.
Subsidiary Information
Lumel SA is a provider of industrial automation, measurement, and energy management solutions. The award recognition underscores the success of the company's long-term strategy supported by continuous investments in advanced technologies, innovation, manufacturing capabilities, and sustainable development initiatives.
Management Commentary
Mr. Dineshkumar Musalekar, CEO of Lumel SA, commented that this achievement reflects the collective efforts, expertise, and determination of the entire team. He stated that receiving the award for the second consecutive year is a significant milestone and strong validation of their long-term strategy, operational excellence, and sustainable growth journey.
Company Background
Rishabh Instruments Limited was incorporated in 1982 and is engaged in manufacturing, design and development of global energy efficiency solutions. The company focuses on electrical automation, electrical instrumentation, metering and measurement, and precision engineered products. They have five manufacturing facilities in India, Poland, and China, with 350+ global authorized dealers catering to 70+ countries.