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Fornnax recognized as Best Brand 2024 by ET NOW

The award acknowledges and celebrates accomplishments within the recycling machinery manufacturing sector

Two men accept an award from another man on a stage in front of a banner with the Fornnex logo
Jignesh Kundaria and Ankit Kalola accept the recognition as one of The Economic Times Best Brands of 2024. Fornnax

Fornnax Technology's highlight of 2024 was being named the "Best Brand 2024" presented by ET NOW, the business news channel of the Economic Times in India. Fornnax's product line includes primary shredders, secondary shredders and granulators for tires, municipal solid waste, cables, e-waste, aluminium, and many other industrial applications. This recognition is a reflection of the company's considerable contributions to the recycling industry.

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

Excelling in an ever-changing industry

Situated in the busy industrial hub of Ahmedabad, Gujarat, India, Fornnax produces recycling equipment tailored to the ever-evolving needs of the recycling sector. The company says its unwavering commitment to quality and local manufacturing has been instrumental in the company's continued success.

Fornnax's management emphasizes the company's commitment to fostering sustainable recycling ecosystems and recognizing the interconnected nature of the industry.

The Economic Times presented this distinguished award to acknowledge and celebrate exceptional accomplishments within the recycling machinery manufacturing sector. The selection process for the "Best Brand 2024" award entailed a meticulous evaluation of several factors, including brand value, market longevity of equipment, annual turnover, growth rate, and strong brand recall among industry professionals and customers. 

Upon receiving the award, Kundaria, along with Ankit Kalola, global head of sales and operations, said, "We are deeply honored to be recognized as one of The Economic Times Best Brands of 2024. This accolade inspires us to continue innovating and developing groundbreaking solutions for the recycling industry." 

Mr. Kundaria added, "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."

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