Mafatlal Industries Limited (BSE: 500264), a player in the digital infrastructure industry and a legacy player in the textile industry, has been appraised at Maturity Level 3 (ML3) of the CMMI Institute's Capability Maturity Model Integration (CMMI)® for CMMI- DEV and CMMI-SVC.
An appraisal at Maturity Level 3 indicates that the Company is performing at a "Defined" level. At this level, the company focuses on achieving both projects and organizational performance objectives.
Maturity Level 3 signifies that Mafatlal Industries use organizational standards and tailors to address project and work characteristics, enabling the use and contribution to organizational assets. The focus is on achieving project and organizational performance objectives while fostering continuous improvement and delivering high-quality products and services.
CMMI is a capability improvement framework that provides organizations with the essential elements of effective processes that ulƟmately improve their performance. The CMMI framework and associated best practices are widely used by organisations around the world to guide improvement in their processes.
Mr. M. B. Raghunath, Chief Executive Officer commented, "The Company started the digital infrastructure segment in FY23, and I am delighted that in such a short span of time we have been appraised at Maturity Level 3 from CMMI. This reflects the Company's proficiency in the digital infrastructure industry including efficient and high-quality service, timely project completion, and exceptional customer satisfaction. It symbolizes our pursuit of excellence and strengthens our reputation within the industry and aligns with its objective to provide customers with the highest quality solutions. As we continue to innovate and push boundaries, I'm confident that this certification will further cement our positioning in the industry." |
