IAR Ballscrews founder, Mr. V. V. Mujumdar, won several awards for his innovations and entrepreneurship.
GS Parkhe Industrial Merit Award for Skid Rollers
Gold medal for Cycloidal Wheel from the World Intellectual Property Organization
Silver medal for Cycloidal Wheel from the Republic of France’s Institute of Industrial Property
ML Dahanukar Entrepreneurship Award
GS Parkhe Industrial Merit Award for Multipurpose Simple Tool Bar & Bullock Cart with Flexible Wheels
GS Parkhe Industrial Merit Award for Ball Lead Screw
Mr. Mujumdar served as the President of Alliance Francoise in Pune, India, and worked closely with the organization for 10 years. In 2013, Mr. Mujumdar was awarded Knight of Legion of Honour ─ France's highest civilian award recognizing his services rendered to the country.