D&B announces SME Business Excellence Awards 2016
The awards felicitated 23 of India’s leading Small and Medium Enterprises of India for their significant achievement and contribution over the years.
The occasion also marked the launch of Dun & Bradstreet’s premier publication, Leading SMEs of India 2016.
Speaking on the release of the publication, Kaushal Sampat, President & MD – India, Dun and Bradstreet said, “The publication profiles 100 SMEs and we call these companies ‘The Select 100’, which have shown consistent performance over the past two years (i.e. FY14 - FY16) and show high degree of resiliency for better growth prospects. According to our study, aggregate net profit in FY16 of these companies recorded a growth of more than 50% as against growth of 8% of top 1000 listed companies. Further, aggregate export revenue grew by 26% in FY16 as compared to 19% growth in FY15. The performance at export front is really heartening especially when India’s exports have declined by average 8.5% in last 2 years.”
“Moreover, it was encouraging to know that over 60% of the companies have obtained credit ratings - thus dispelling the myth that SMEs do not believe in financial risk mitigation”, he further added.
The publication, ‘Leading SMEs of India 2016’ was released by Haribhai P Chaudhary, Minister of State for Micro, Small & Medium Enterprises, Government of India, Arjun Ram Meghwal, Minister of State for Finance & Corporate Affairs, Government of India and Vishwavir Ahuja, Managing Director & CEO, RBL Bank Limited.
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