Frost & Sullivan recently announced the winners for the Healthcare Excellence Awards 2013. I was delighted to see my good friends from Philips Healthcare  recognized as the Imaging company of the year 2013 at a glittering function in Mumbai.

The awards are given away every year and were instituted in 2009. Incidentally the last two years the award has been won by Siemens Healthcare and this year the Dutch giant has pipped the German Healthcare player.

Philips has been betting big on India and I have seen on my visits to the Philips Innovation Center at Bangalore, some amazing work done by the local teams. Last year I had met some Philips Healthcare leaders like Srinivas Prasad and Ravindra Gandhi as they showcased their critical care solution built for India.

Also was there last week when they demonstrated their new AED which they are suggesting as a’Must have’ for all public installations.

In my opinion Philips is taking the right approach, looking at their product portfolio in the developed markets, bringing in select products among them and re-engineering them to suit the Indian conditions. Also the investment in scientific and technical man power in India has been one of the key success factors for the organization.

Here’s wishing them many more awards..