The Surat-based STPL, a market leader in the world for diamond processing solutions, has won yet another important honour. This time, ASSOCHAM, India, listed the company in one of the “Most Innovative Company of the Year”.

The esteemed national award has graciously recognised STPL’s innovative accomplishments for the use of AI in Robotics for manufacturing high-end micro-precise engineering for the Diamond manufacturing sector, additive manufacturing technology, and medical technology. With the help of this prestigious national award, STPL was able to present its illustrious innovative path to the esteemed ASSOCHAM judges, who are actively formulating important economic policies for India.

The Associated Chambers of Commerce & Industry of India (ASSOCHAM), founded in 1920, is the country’s oldest apex chamber, set up under the Ministry of MSME, Government of India. The Government of India’s Ministry of MSME focuses on helping businesses having the potential to significantly influence India’s growth trajectory over the next 25 years, when the nation will be commemorating its joyful 100th year of freedom.

ASSOCHAM has acknowledged STPL’s dedication to quality and innovation after recognising its stellar performance in the MSME sector, especially its potential to assist India in realising its goals for the Atmanirbhar Abhiyan.

According to Mr Rahul Gaywala, CEO of STPL, in response to the honour, “STPL is a corporation strongly rooted in technology growth, committed to supporting the country’s Atmanirbhar Bharat objective for a very long time. We are happy to have received the “Most Innovative Company” award from ASSOCHAM, which represents our work ethic and dedication to the advancement of technological culture in India. In the next 25 years, we could start a brand-new industrial revolution. We’ll keep getting better.”

Whether it be in the fields of industrial laser, medical technologies, additive manufacturing, or diamond processing, STPL has always been at the forefront of scientific advancements. Laser based solutions by STPL has completely revitalised the diamond processing industry of India. In the field of medical technologies, stent inspection systems developed by STPL has made India self-reliant in complete stent manufacturing, saving scores of lives and reducing high treatment costs. Same way, STPL is leading India towards large scale adoption of additive.

STPL has recently been recognized by CII and got listed in top 50 most innovative companies in 2022. The company has also brought honour to India on a global scale. Over Six continents and more than 30 countries, STPL has anextensive clientele.The new accolade for STPL demonstrates the culture of the new corporate India and recognises the accomplishments of the STPL family.