JK Lakshmi Cement Ltd (JKCL), one of India’s top cement manufacturers, was conferred the title of the best family business led by a woman at Network18's Indian Family Business Awards 2021.
The award was given to JKCL, headed by Vinitia Singhania, 69, in the mega category, which included nominees with annual revenue ranging from Rs. 1,000 crore to Rs.5,000 crore.
Singhania, who is the company’s managing director and vice chairman, rose to the helm in 1988 following the death of her husband Sripati Singhania.
Singhania's tenure has been marked by rapid expansion of JKCL’s business. Production capacity has jumped from 0.5 million tonnes per annum in 1982 to over 14 million tonnes now.