Rishabh Instruments subsidiary Lumel SA wins Forbes Diamonds 2026 Award
Rishabh Instruments Limited announced that its subsidiary Lumel SA won the Forbes Diamonds 2026 Award for the second consecutive year. The award recognizes the company's financial strength and growth in Poland's medium business sector.

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Rishabh Instruments Limited announced on June 25, 2026, that its wholly owned subsidiary, Lumel SA, has been honoured with the Forbes Diamonds 2026 Award for the second consecutive year. The award recognizes the subsidiary for exceptional growth, financial strength, and effective management practices in Poland. This distinction is the fifth prestigious award Lumel SA has received in the past 18 months, reinforcing its position in the industrial automation and energy management sectors.
The Forbes Diamonds Award acknowledges companies in the medium business category, specifically those with annual revenue between PLN 50 and 250 million in the Lubusz Voivodeship region. The evaluation considers performance over the past three years. Lumel SA was distinguished for its sustained revenue growth, operational excellence, and financial resilience.
Award Details and Criteria
The Forbes Diamonds ranking is one of Poland's most respected business evaluations. The award specifically targets enterprises demonstrating consistent execution and strategic focus. The table below outlines the key parameters of the recognition:
| Award Parameter | Details |
|---|---|
| Award Name | Forbes Diamonds 2026 |
| Category | Medium Business |
| Region | Lubusz Voivodeship |
| Revenue Range | PLN 50-250 million |
| Evaluation Period | Past 3 years |
| Recipient | Lumel SA |
Management Commentary
Mr Dineshkumar Musalekar, CEO of Lumel SA, attributed the achievement to the collective efforts of the team. He stated that the award validates the company's long-term strategy, operational excellence, and sustainable growth journey. He emphasized that the recognition reinforces confidence in the company's investments, innovation, and disciplined execution to create meaningful value.
Company Profile
rishabh instruments was incorporated in 1982 and manufactures global energy efficiency solutions. The company focuses on electrical automation, instrumentation, metering, and precision engineered products. It operates five manufacturing facilities located in India, Poland, and China, catering to over 70 countries through a network of authorized dealers and stockists.
Historical Stock Returns for Rishabh Instruments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.37% | +13.77% | +27.87% | +61.69% | +130.41% | +46.86% |
How will Rishabh Instruments leverage Lumel SA's recent accolades to accelerate its market expansion in the European energy sector?
Does this recognition signal a potential increase in capital expenditure or R&D investment for Lumel SA to maintain its growth trajectory?
Could the sustained performance of the Polish subsidiary prompt Rishabh Instruments to consolidate more manufacturing operations within Europe?






























