|‘D&B – Axis Bank Announce Business Gaurav SME Awards 2012’|
|Mumbai, 09 Nov 2012
Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insight; and Axis Bank, the third largest private sector bank in India, today announced the ‘D&B – Axis Bank Business Gaurav SME Awards 2012’. The awards felicitated 38 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 and Axis Bank’s premier publication, Leading SMEs of India 2012 by Guest of Honour, Mr. Rajive Chawla, President, Faridabad Small Industries Association.
Speaking on the occasion, Ms. Shikha Sharma MD & CEO, Axis Bank said, "The Indian SME sector has grown rapidly in the last decade. SMEs have made a very significant contribution to the overall economy resulting in a marked impact on GDP. At Axis Bank, we believe in partnering in the growth of these SMEs by providing solutions to them at every stage of their business lifecycle. The second edition of D&B-Axis Bank Business Gaurav SME Awards 2012 is our continuous attempt to recognize and reward the performance of Micro, Small & Medium Enterprises and partner them in their growth."
Speaking at the awards ceremony, Mr. Kaushal Sampat, President & CEO – India D&B said “In keeping with our commitment to the SME sector, D&B and Axis Bank are delighted to honour the winners of D&B –Axis Bank ‘Business Gaurav SME Awards 2012’. We have received an overwhelming response this year, with nominations increasing by 36% to cross 7,500 SMEs across 14 sectors.”
“We are releasing the second edition of our publication, ‘Leading SMEs of India 2012’, where we have analysed SMEs whose financial statements were available for the past three years. We found that total income of these SMEs went up by 18% in FY12, lower than the 26% growth in the previous year. Profits also grew at a slower rate of 14% in FY12 compared with 22% in prior year. However, net profit margin remained reasonably stable in FY12. Another encouraging trend revealed that export income grew by 28% as compared to last year.”, he added.
About ‘D&B-Axis Bank Business Gaurav SME Awards 2012’
The ‘D&B-Axis Bank Business Gaurav SME Awards 2012’ are a tribute to the leading small and medium enterprises for their significant achievement and notable performance over the years. A total of 38 awards are decided across 14 sectors namely auto components, chemicals & petrochemicals, food & agro products, hospitality, metal & metal products, logistics, textiles,readymade garments, rubber & rubber products, pharmaceutical, engineering goods, plastic products, electronic goods & components and IT &ITeS. Based on total income of FY12, the awards are classified under micro, small and medium categories in each sector. Additionally, one Overall Best Performer award is also decided across all the 14 sectors along with three special awards.
D&B used a proprietary model to shortlist the nominations based on various qualitative and quantitative parameters. Based on computation of composite scores, the award winners were decided by a Jury comprising of industry experts and eminent professionals from relevant industry.
Winners of the D&B – Axis Bank Business Gaurav SME Awards 2012
About ‘Leading SMEs of India 2012’
About Dun & Bradstreet (D&B):
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