Fornnax receives national brand award

Shredding and recycling equipment maker Fornnax Technology Pvt. Ltd. has received a “Best Brand 2024” award presented by the ET Now business unit of The Economic Times, a national Indian media group.

India-based Fornnax says the ET Now recognition demonstrates its “considerable contributions to the recycling industry, firmly establishing Fornnax’s status as an industry leader.”

“We are dedicated to pioneering sustainable recycling solutions with our innovative offerings,” Fornnax Director and CEO Jignesh Kundaria says. “Our mission goes beyond merely selling equipment; we are building a lasting business. This philosophy is at the core of who we are.”

Fornnax specializes in producing recycling equipment that includes shredders and granulators. The company makes equipment to process plastics, tires, wire and cable scrap, obsolete electronics and aluminum for recycling.

According to Fornnax, the selection process for the Best Brand 2024 award involved “a meticulous evaluation of several critical parameters, including brand value, market longevity of equipment, annual turnover, a remarkable 30 percent growth rate and strong brand recall among industry professionals and customers.”

The award was received by Kundaria and Ankit Kalola, Fornnax’s global head of sales and operations.

“This accolade inspires us to continue innovating and developing groundbreaking solutions for the recycling industry,” Kundaria said at the December ceremony. “We owe our success to our dedicated employees, trusted stakeholders and valued customers, and we are truly grateful to the ET Now group for this esteemed award. We look forward to leading the charge towards a more sustainable future.”