press releases



Entrepreneurs shine at
          Bank OF India Presents - India’s Top 100 SME Awards

 

    Hon’ble speaker of Lok Sabha  Ms Sumitra Mahajan & Hon’ble Union Minister of MSME Shri Kalraj Mishra     
     graced the occasion and  presented the  Awards to the winners !

 

2nd August 2014 paved the way for the next top 100 entrepreneurs as India’s Top 100 SME Award presented by Bank of India entered the second year!! Attended by the Industry leaders ,Mentors ,Entrepreneurs ,Government representatives (Central & State )  and above all Hon’ble speaker of Lok Sabha Ms Sumitra Mahajan and Hon’ble  Union Minister of MSME Shri Kalraj Mishra the function proved to be big draw for the award winners and the guests !

 

The Award function opened with Ms Sushma Morthania’s (Director General, India SME Forum) welcome speech Ms Sushmaji said “A major objective of SME 100 AWARDS is to recognize and honor the fact that SMEs are the driving force behind employment generation, increased productivity and the creation of new wealth. It intends for the development of the SME sector and equips them to better meet the challenges of globalization and get benefited from the opportunities.”

 

 

Speaking about the selection process she mentioned “Out of the 63,819 nominations, The Top 100 SMEs were selected through a rigorous process on the basis of both financial and non-financial indicators. While the financial indicators of Growth, Performance and Financial strength were keenly evaluated, balanced emphasis was given to the non-financial indicators covering Innovation, International Outlook, People Capital and Corporate Governance.”

Winners Break Up:

 


  NB – Out of the TOP 100 6 were women entrepreneurs
The jury members for Bank of India presents Top 100 SME’s of India were as follows –

 

 

  • • Mrs. Vijayalakshmi Iyer, CMD of Bank of India
  • • Shri Tilak Raj Bajalia, Ex DMD, SIDBI
  • • Dr. J. S. Juneja, Ex CMD- NSIC and Chairman, Global Projects & Services (P) Ltd.
  • • Shri Prahlad Kakkar AD & Brand Guru,
  • • Shri K. V. Srinivasan, CEO, Reliance Commercial Finance,
  • • Shri Vinod Kumar, Country Manager & Senior Partner - India, Middle East & UK, SDRC,
  • • Shri Rajesh Chakrabarti, Chief Marketing & Innovation Officer, Reliance Commercial Finance,
  • • Shri Parag Patki, Ex-CEO SMERA Ratings Ltd.
  • • Shri Ajay Thakur, Head - BSE SME
  • • Ms. Amisha Vora, MD Prabhudas Lilladher Group
  • • Mr. Hemendra Mathur, MD SEAF Investment Advisors
  • • Mr. Radha Nath Kar, GM SME, Bank of India
  • • Mr. Rajesh Dubey,
  • • Mr. Ravinder Bhan, Partner, TPS Worldwide E-Learing, Dubai
  • • Mr. Anirban Chatterjee, MD Anircorp

 

The welcome speech was followed by the felicitation of the dignitaries . The award function picked up pace as the Honb’le Speaker and the Minister inaugurated the event amid thundering applause.

 

Taking the podium first as the host of the Award function  CMD , BOI and also one of our esteemed jury member Mrs V R Iyer said that “Jury member Vijayalakshmi R, Iyer (Chairperson and Managing Director), Bank of India, said, “The India’s Top SME 100 awards are aimed at celebrating India’s top performing SMEs, marketing the capabilities of the winning SME’s to regional and global investors ,providing opportunities for SMEs’ to network and raise capital and identifying a continuous and sustainable pipeline of SME’s for a potential secondary listing of SME’s (IPO) that can attract equity capital for growth. In line with the strategy of India SME Forum to propel the SME Movement by nurturing entrepreneurship and support innovative globally competitive SMEs in India: the India SME 100 Ranking will act as catalyst to identify and recognize such SME’s for eventually large global oriented companies. The Awards also hope to inspire, willing and able SME’s that have the potential to be the world class enterprises and offer them the platform to promote themselves to investors and partners top sustain growth.”

 



"While 18 existing technology centers will be upgraded to meet the new challenge, systems are also being put in place to impart industry-related skill training for unskilled manpower to better their employment prospects," the minister said. He also added government has notified SFURTI with modified norms for continuation up to 2017.

 

 "Under SFURTI, it is proposed to develop 800 clusters across the country with funding from government and the Asian Development Bank ,under revamped 'SFURTI', there shall be three types of clusters involving artisans from 500-2500. Heritage clusters will have 1000-2500 artisans. While major clusters will have 500-1000 artisans, mini-clusters will have up to 500 artisans," he said

 

Speaking on the occasion Ms Sumitra Mahajan , the respected speaker of Lok Sabha  reflected about her entrepreneurial background and opined  about how our small enterprise give  employment to hundreds of families and how so  they should be helped in every possible way. She also noted that as  India SME Forum felicitated the 100 winners it was also a tribute  to thousands of families who worked hard to make the winners successful. She declared  going forward we need to empower the SME’s  by credit facilitation, provide them with skilled labor and teach them marketing skills only then we would be ready for the global competitors.

 


Talking about the double standards of manufacturers Hon’ble speaker said “Manufacturers have devised different product quality standards for domestic and International market and named it “export quality”! Ordinary women like us always flock to any export quality goods discount sale and feel proud of buying “Export Quality” Goods at a cheaper rate, however we miss the reality that these goods that were made available at the discount sale actually did not meet the inspection and quality standards of international market and are in a way inferior. She said that instead of feeling happy about the discount one should feel offended and insulted for being sold inferior goods and should feel cheated! A customer, whether Indian or Foreign, is the same all over the world, so why this indiscrimination? So what is this concept of “EXPORT QUALITY” and why not “INDIAN QUALITY” Why can’t we have a standard “India Quality” all around the world. Going forward Smt. Sumitra Mahajan strongly exhorted the Indian SMEs to do away with the export quality and henceforth adopt “ Indian Quality”, which should be so good that worldwide everyone buys with the belief , if it’s made in India ,it must be good!!

 

While Mr K V Srinivasan ,Chairman of the jury and CEO of Reliance Commercial Finance added that it was extremely difficult for the jury to select 100 top performers from  63,819 applications  received for the current year  After the first round of selection going forward became extremely tough to select 100 among so many deserving businesses. He also mentioned that the winners may not be the biggest performers of  India but they displayed enough character  of becoming a big corporation in coming days.

 

 

The event came to an end with vote of thanks to everyone from India SME Forum ,who made the event possible.

 

The event which brought the best of the entrepreneurs, industry leaders and mentors at one place proved to be a great networking opportunity for the winners  as well as Industry and Government . We look forward to next year when we will be back with a bigger Award function , reaching out to more entrepreneurs and uncovering more successful SME’s  !