Dun & Bradstreet announces SME Awards 2014

November 24, 2014

Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insight announced the ‘D&B SME Business Excellence Awards 2014’. The awards felicitated 27 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 2014.

Speaking at the awards Mr. KaushalSampat, President & MD – India, Dun & Bradstreet “Indian entrepreneurs have contributed immensely to the country’s economic progress and international standing. As a testimony to their never-say-die attitude in face of ever-changing and competitive business environment, Dun and Bradstreet in association with Federal Bank and The Times Group, have come together to recognize the spirit of entrepreneurship through SME Business Excellence Awards 2014 and the publication ‘Leading SMEs of India 2014.’ The key role of SMEs in fulfilling the government’s mantra of ‘Make in India’ is aptly reflected in the theme of “It’s Time to let the World Know” which will enable the entrepreneurs to tell their success story to the world.

We also analyzed 100 enterprises that constitute a microcosm of high performing SMEs in the country. The aggregate total income of these companies grew by approximately 35% y-o-y in FY14 and net profit margin has improved from 4.9% in FY 13 to 5.7% in FY 14. Our study revealed that in spite of adverse conditions these enterprises managed to climb the ladder of success on the back of overall operational excellence such as robust quality products, innovative marketing strategies and efficient use of technology to name a few. We are confident that these enterprises which have demonstrated exemplary performance in their respective fields will set a new benchmark for the SME community. I offer my heartiest congratulations to all the award winners and participants for making this endeavor a grand success.” he added

The publication, ‘Leading SMEs of India 2014’ was released by Chief Guest, Shri Jayant Sinha, Honorable Minister of State, Ministry of Finance, Government of India. Also present at the event were Mr. Abraham Chacko, Executive Director, Federal Bank Limited; Mr. RavindraNath, Chairman & Managing Director – NSIC and Mr. Shankar Chakraborty, CEO – SMERA Ratings Limited along with leading names from the SME industry

SME Business Excellence Awards 2014 is a platform for showcasing the success stories of high-performing Indian SMEs. The objective of the awards would be to encourage the culture of excellence and transparency among SMEs. The awards were open to all SMEs in manufacturing and services sectors with basic qualification criteria.

The awards program served as a motivational point for aspiring entrepreneurs as well as established SMEs to pursue excellence and make the country proud. The awards not only showcased the achievements of the winners on a wide national platform, but also lend them global credibility through D&B worldwide network.

Click Here for Leading SMEs of India 2014