Leading Mid-Corporates of India 2022

1 For every 100 business entities in India, there are over 95 micro enterprises, 4 small & medium entities, and less than 1 large entity. However, in developed countries, 50-55 entities are micro and 40 are small & medium enterprises. This gap or absence of small and medium entities in the optics of the India distribution is referred by economists as ‘The Missing Middle’. Large and Medium Enterprises are generally more productive and pay higher wages. The lack of productivity and growth inhibits the ability of the micro firms to create jobs. Hence it is important to foster the growth of these micro and small firms and enable them to become ‘Mid-Corporates’ in India. In order to showcase the critical role played by Mid-sized businesses and to recognize their contribution to India’s economy, Dun & Bradstreet India is pleased to present the 3 rd edition of its publication ‘Leading Mid-Corporates of India’ . The publication provides list of leading mid-sized businesses of India, with annual standalone turnover between ` 250 crore and ` 1,000 crore in FY 2020-21. In addition to this list, the publication features success stories, case studies and interviews of Mid-Corporates showcasing their business operations, their achievements, their journeys since inception and key initiatives they have implemented, among others. The publication also features in-depth profiles of recipients of ‘Dun & Bradstreet Business Excellence Awards’ . While there are several factors preventing micro businesses from scaling up, Dun & Bradstreet research reveals that access to finance and mindset issues are the major areas of concern. Mid-corporates face unique challenges due to their size, which makes themmore vulnerable during times of crisis. Therefore, there is the need for a thriving ecosystem for medium- sized enterprises. One of the effective strategies pursued by other countries in rapidly scaling the growth of their small and mid-sized businesses is the creation of a national-level program that goes beyond financial interventions to provide non-financial support and networking opportunities. It is encouraging that the Government has recently launched similar programs, MSME Champions and Aspire. The government can also collaborate with the private sector to assist and advise small businesses and help them grow to become Mid-Corporates. The publication, which features India’s top performing Mid-Corporates, is a ready reckoner for Indian and global CXOs of leading corporates, small and medium-sized businesses, government ministries, and industry associations. For the featured Mid-Corporates, the publication provides a global platform of recognition. The profile and success stories of the award winners, as well as expert perspectives on the sector, will provide much needed inspiration to businesses across the country. I hope you will enjoy benefit from the ‘Leading Mid-Corporates of India 2022’ publication, and I look forward to receiving your valuable feedback and suggestions. Avinash Gupta Managing Director & CEO – India Dun & Bradstreet PREFACE Dun & Bradstreet