HDFC Life has received a national award for excellence in cost management at the 11th National Awards for Excellence in Cost Management organized by Institute of Cost Accountants of India, said a press release issued by the company.
In the press release, Vibha Padalkar, ED & CFO, HDFC Life said, “I’m delighted that for the second consecutive year we have received this prestigious award. Once again through effective cost management tools and techniques, our team has succeeded in optimizing costs and reducing the cost to revenue ratio which has contributed to the profitability of the company. Awards like this motivate us to put our best foot forward and continue to excel in every endeavor.”
The awards were organized by the Institute of Cost Accountants of India with an objective to felicitate and recognize corporate organizations in their journey towards excellence in cost management, added the press release.
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