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India’s Praj ranked number 1 in ‘Hottest 50 companies in Advanced Bioeconomy’

As a testament to India’s growing prowess in the Global Bioeconomy, Pune-based Praj Industries, a provider of technology-embedded sustainable solutions, was recognized as the No. 1 Hottest Company. This announcement was made on Friday, 15th March 2024, at the Global Bioeconomy Flagship Industry Conference – ABLC 2024 held in Washington DC. Praj thus became the First ever Indian and Asian Company to secure a Top Position in the Advanced Bioeconomy.

The US-Based Magazine, The Digest conducts the annual rankings of the most competitive companies in the Bioeconomy globally. Rankings are based on votes from eminent jury members, international selectors, and a subscriber base of over 6.1 million worldwide. The Hottest companies list comprises of organizations that have made outstanding contributions to the field of bioeconomy creating a positive environmental impact.

As an Energy Transition and Climate Action Company with a global footprint in more than 100+ countries in across 6 continents, Praj is the preferred partner to its customers around the world for providing low-carbon innovative and sustainable solutions. From being an aspirant to a Numero Uno Position in the global ranking, Praj’s journey of four decades in the Global Bioeconomy is truly remarkable.

While congratulating Praj on this achievement, Mr. Jim Lane, Editor and Publisher of the Biofuels Digest, said, “After knocking on the door for the past few years, Praj Industries has broken through as the #1 company in the Hottest Companies in the Bioeconomy Rankings, which are voted upon by the Digest readers and invited international selectors. #1 in this ranking puts Praj at the pinnacle of visibility and credibility compared to more than 3,000 other eligible companies. It’s no wonder, because Praj is bringing forward a broad portfolio of breakthrough technologies just as Net Zero commitments around the world are waking people up to the potential of the bioeconomy, and as India becomes the world leader of the bioeconomy’s development and deployment.”

Talking about this landmark achievement, Dr. Pramod Chaudhari, Founder Chairman, Praj Industries said, “It is a matter of national pride that an Indian company secures topmost honour in Global Bioeconomy which is dominated by companies from the developed world. I believe this is yet another demonstration of a new resurgent India in this highly technology- intensive domain. This landmark achievement is possible because of the continued commitment of our stakeholders, i.e. customers, partners, and investor fraternity among others. We are mindful of the greater expectation that comes along with this honour and team Praj is well geared to come good on the promise.”

Praj achievement is seen as a testament of indigenous technology aligned with government’s vision of ‘Make in India for the World’ instead of relying on foreign technology like competition.

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