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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