The company Tribhovandas Bhimji Zaveri Limited (also known as TBZ-The Original) - a well-known Indian jewelry retailer with rich traditions and a 150-year history - was awarded the MACCIA Award 2013 for achievements in commercial activities among large enterprises in the precious stones and jewelry industry. Shrikant Zaveri, Chairman and CEO of Shrikant Zaveri, received the award from the hands of Honorable Minister Sharad Pawar during a ceremony organized by the Chamber of Commerce and Industry of the Indian State of Maharashtra (MACCIA).
The annual MACCIA award is aimed at recognizing the merits and outcomes of enterprises that have contributed to the development of the state of Maharashtra and the strengthening of its image and position at the state level and the international arena.
TBZ-The Original was founded 150 years ago in the jewelery market in Mumbai - Zaveri Bazaar.
The MACCIA award is awarded on the basis of the methodology developed by the ICRA rating agency, which takes into account the different quantitative and qualitative indicators of TBZ's operations, applying a systemic approach.
When selecting the finalists of the competition, all factors were taken into account, and ICRA applied a weighted scoring system.