Srinagar, Dec 6: FIL Industries Private Limited has been awarded the prestigious “Best Governance in the Super Category” at the 2023 Indian Family Business Awards. The event, a collaborative effort by Moneycontrol, Waterfield Advisors, and PwC India as the process partner, was a celebration of excellence in family-owned businesses across the nation.
The awards ceremony, held on December 3, 2024, at the Hyatt Regency, New Delhi, saw a distinguished gathering of luminaries. Chief Guests included Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences; Amitabh Kant, India’s G20 Sherpa; and Harivansh Narayan Singh, Deputy Chairman of the Rajya Sabha.
Receiving the award on behalf of FIL Industries, Managing Director S.M. Tariq Bukhari expressed deep gratitude for the recognition. “I am delighted and privileged to accept this prestigious award on behalf of our business,” he said. “This honor is a testament to our family’s unwavering commitment to ethical practices, sustainability, and delivering value to every stakeholder. It is a collective achievement of the entire FIL family, and we look forward to scaling even greater heights in the future.”
Founded in 1989 by the late Syed Mohammad Iqbal Bukhari, FIL Industries has evolved from its humble beginnings into a powerhouse in the agriculture and consumer sectors. Under the guidance of its second and third generations, the company has diversified into multiple areas, seamlessly integrating every step of the value chain from production to consumer delivery.
Today, FIL stands as a leader in India’s agriculture sector, celebrated for its innovation and impact. As the nation’s largest apple integrator, FIL boasts a cutting-edge apple cluster project, a stone fruit nursery, a comprehensive range of agri-input products, and advanced post-harvest services. The company also produces apple juice concentrate in collaboration with international partners, reinforcing its reputation as an end-to-end solution provider in the agri-consumer industry.
Beyond agriculture, FIL has established itself as a pioneer in sustainable mobility and tourism infrastructure. As India’s leading CEN-certified ropeway operator, the company has transformed connectivity and tourism with its state-of-the-art aerial ropeway systems. Its Skyview by Empyrean project at Patnitop, Jammu & Kashmir, has become a model for sustainability, hospitality, and technological innovation. FIL has also acquired landmark projects such as the Dehradun-Mussoorie ropeway, one of the world’s longest, and the picturesque Yamunotri-Kharsali route in Uttarakhand.
These accomplishments underscore FIL’s ability to blend tradition with innovation. By staying true to its roots while embracing modern practices, the company exemplifies the resilience and adaptability that define successful family-owned businesses.
The Indian Family Business Awards, now in their third edition, celebrate the enduring legacy and entrepreneurial spirit of family enterprises across the country. Overcoming economic challenges, these businesses have demonstrated remarkable resilience and an unwavering commitment to sustained growth. Their strength lies in their adaptability, respect for tradition, and ability to create wealth while fostering equitable distribution.
This year’s awards ceremony marked another milestone in recognizing the pivotal role family-owned businesses play in India’s economic landscape. These enterprises are not only drivers of prosperity but also cornerstones of stability, contributing to the nation’s micro and macroeconomic success.
With the continued support of Moneycontrol, Waterfield Advisors, and PwC India, the Indian Family Business Awards aim to inspire and honor businesses that set benchmarks of excellence in their respective industries. FIL Industries’ recognition for governance excellence further cements its position as a leader in innovation, sustainability, and ethical practices, serving as a beacon for other family-owned enterprises in India and beyond.
As FIL Industries looks ahead, its story is one of relentless pursuit of excellence and growth. The company’s vision and achievements demonstrate how a deep-rooted commitment to values and innovation can create a legacy that spans generations while shaping the future of its industry.