The Cyclect Group was honored to receive the prestigious Enterprise 50 Award during the awards ceremony held at the Suntec Convention Centre. The award recognized the Cyclect Group as one of the top 50 most enterprising privately-held local companies in Singapore. The event was graced by Guest-of-Honour, Minister for the Environment and Water Resources, Dr Vivian Balakrishnan and the awards were presented by Magnus Böcker, CEO Of Singapore Exchange.
Melvin Tan, Managing Director of the Cyclect Group, said, “We are thrilled to receive this recognition from the Enterprise 50 Awards. This award is a testament to the hard work and dedication of our employees, who have made it possible for us to achieve sustainable growth, innovation and business excellence.”
The Enterprise 50 Awards were established in 1995 to identify, support, recognize and reward enterprising privately-owned, local companies across all sectors in Singapore. This year, the awards were evaluated and ranked based on both quantitative and qualitative criteria, including financial performance indicators, innovative strategies and business potential.
“We are very proud of our achievements and are committed to continuing our growth in a sustainable manner,” added Tan. “We believe that this recognition will further motivate us to excel in our business and contribute to the economic development of Singapore.”
The Cyclect Group is a leading engineering and solutions provider in the fields of power and energy, electrical engineering, building management and security systems. With a strong focus on innovation, sustainability and customer satisfaction, the Cyclect Group has become a trusted partner to clients both locally and globally.
About Enterprise 50 Awards
The Enterprise 50 (E50) Awards has become a highly-regarded accolade in the business community of Singapore, since its inception in 1995. Jointly organized by KPMG in Singapore and The Business Times, and sponsored by OCBC Bank, the E50 Awards recognize the efforts and achievements of privately-owned, local companies in various sectors. The awards are supported by Enterprise Singapore, the Singapore Business Federation, and the Singapore Exchange, making it a comprehensive and inclusive event for the business community.
The evaluation process for the awards is rigorous, taking into account both quantitative measures such as financial performance, and qualitative aspects such as business models, innovations, and governance. The E50 Awards celebrates the 50 most enterprising local companies who have made significant contributions to the economic growth of Singapore, both domestically and internationally. Over the past two decades, the E50 Awards have recognized more than 700 companies across key business sectors in Singapore.
For more information on Enterprise 50 Awards, please visit: http://www.enterprise50.org/
About Cyclect Group
Cyclect Group is an investment portfolio of engineering solution providers that specialize in developing, engineering, constructing, operating and maintaining plants and facilities across Asia. The group’s primary goal is to provide sustainable engineering solutions to various industries, with a particular focus on renewables, energy, infrastructure, industrial, marine, offshore and environmental engineering.
Cyclect Holdings is the primary investment company in the group and is committed to delivering sustainable solutions to industry and the community. The group has a diversified portfolio of businesses that offer a wide range of services to different industries, ensuring that it can meet the specific needs of its customers. With a strong emphasis on safety and quality, Cyclect Group is dedicated to providing innovative and cost-effective solutions that not only meet the needs of its customers, but also contribute to the sustainable development of the community.
For more information on Cyclect Group, please visit: https://cyclect.com