Prime Minister Narendra Modi has appointed former McKinsey India Chairman Adil Zainulbhai as the Chairman of Quality Council of India (QCI).
An autonomous body under the Department of Industrial Policy and Promotion, QCI is a joint creation by Indian industry to operate the National Accreditation Structure for conformity assessment bodies and provide accreditation in the field of education, health and quality promotion.
It runs its accreditation programmes through two boards. The National Accreditation Board for Education & Training runs accreditation of schools, while the National Accreditation Board for Hospitals and Healthcare Providers runs accreditation of hospitals, nursing homes, blood banks, and primary health centres based on respective accreditation standards.
"I am pleased to inform you that Prime Minister has approved your appointment as chairman of QCI for a period of three years from the date of your assumption of charge," a September 15 letter to Zainulbhai from the Ministry of Commerce and Industry stated.
A former McKinsey India chairman, over the last 10 years Zainulbhai has advised corporate leaderships of major companies in India and abroad.
"It is a privilege to give back via an institution with a strong focus on quality," he said. "I hope to bring in and promote a quality consciousness throughout the country. It's going to be an enriching and exciting journey."
Zainulbhai's span of work includes catalysing Indian companies to become successful globally, helping public sector undertakings become more efficient and effective, and working with MNCs to enter India and build profitable, large and innovative businesses.
Co-editor of 'Reimagining India' that features 60 global businessmen, academicians, economists, authors and journalists, he has also worked with several parts of the government and led efforts around urbanisation, inclusive growth and energy.
He serves on the boards of Reliance Industries , the American India Foundation, Saifee Hospital, Saifee Burhani Upliftment Trust (redeveloping Bhendi Bazaar in Mumbai), Network 18 , and the advisory board of Indian Institute of Technology, Bombay.
Formed in 1997, QCI is represented by Confederation of Indian Industry, Federation of Indian Chambers of Commerce and Industry and Associated Chambers of Commerce and Industry.
QCI has also been tasked with monitoring and administering the National Quality Campaign. Under this, it propagates concepts of quality and best practices among suppliers of products and services, even as it empowers consumers to demand quality through awareness programmes, conduct of surveys, publications, media campaigns and specialised training courses.
Reliance stock price
On September 17, 2014, at 14:30 hrs Reliance Industries was quoting at Rs 986.00, up Rs 5.55, or 0.57 percent. The 52-week high of the share was Rs 1142.50 and the 52-week low was Rs 794.00.
The company's trailing 12-month (TTM) EPS was at Rs 68.89 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 14.31. The latest book value of the company is Rs 609.34 per share. At current value, the price-to-book value of the company is 1.62.
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