Hyderabad, 4th of October, 2024 : The Telangana High Court has lifted the ban imposed by the Telangana transport department suspending the debarment order allowing the company to participate in the upcoming tender process.
Colorplast is a global leader of smart card manufacturer & embedded technology solutions and had filed a writ petition basis which the order from the high court directed the state to allow Colorplast to participate in the new tender while suspending the debarment order.
On the situation, Head of Legal Affairs – Saurabh Yadav said “We are grateful that the High Court has upheld justice against these unfounded allegations. At Colorplast, we have always stood by our principles of integrity and transparency, never compromising on the trust our customers place in us. We remain dedicated to delivering world-class smart card solutions, while continuing to collaborate with the government to ensure the highest standards of data security and protection for the nation.”
Colorplast is one of India’s largest homegrown Card manufacturers & systems integration IT company, who claims that this entire episode was perpetuated by an NGO at behest of its arch-rival. It is also interesting to note that a Senior Official from this arch-rival company was seen present during the hearing of this matter, directing the advocates appearing on behalf of the self-proclaimed NGO.
Colorplast continues to emphasize its unwavering commitment to providing innovative solutions while protecting sensitive information across all sectors it serves.
About Colorplast
Colorplast, is a world’s leading smart card manufacturer & embedded technology company since 2001. As an embedded technology company operating in the smart card industry, we are constantly driving innovations in smart digital solutions. Colorplast’s 23-year journey is a rich history of collaborations with market leaders across finance, retail, healthcare, transit, & telecom, partnering with private and government sectors globally. Colorplast has been certified by ISO 9001:2015 (Quality Management System), ISO 14001: 2015 (Environmental Management System), ISO 27001:2013 (Information Security Management), NIC (National Informatics Centre), MasterCard, VISA, NPCI along with leading industry bodies globally for supply of its secure products.
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