D&B announces SME Awards 2013 | SupportBiz

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D&B announces SME Awards 2013

 
Global leader in business information, knowledge and insight Dun & Bradstreet has recently announced the ‘D&B SME Awards 2013,’ which felicitated 21 of India’s small and medium enterprises (SMEs), across six sectors viz. chemicals & pharmaceutical, food processing, logistics, textiles, engineering goods and IT & ITeS, 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, 2013 by Dr. H P Kumar, Chairman & Managing Director, National Small Industries Corporation Ltd.    

Speaking at the awards ceremony, Kaushal Sampat, President & CEO – India, Dun & Bradstreet 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. The enthusiastic response that D&B’s SME Awards have received from the sector during the past two years continues to inspire us in our third consecutive year.”

He further said that, the analysis in the third edition of ‘Leading SMEs of India, 2013’ indicated that, the small enterprises outperformed micro and medium enterprises in terms of aggregate total income, net profit, margins and export growth. “Aggregate income of small enterprises grew by 13 per cent in FY 13 y-o-y compared with 8.7 per cent for medium enterprises for the same period. Small enterprises also witnessed a sharp increase in their aggregate net profit, from 3 per cent in FY 12 to 12.5 per cent in FY 13. They also managed to retain their margins at approximately 8 per cent for FY 13, the same as in FY 12 and showed a 27 per cent export growth in FY 13 y-o-y as compared to 21 per cent export growth of medium enterprises for the same period. So, despite the challenging conditions, the SME sector has been enormously resilient,” he added.

Other dignitaries present at the event were Dr. M. Narendra, Chairmain & Managing Director, Indian Overseas Bank; V.S. Krishnakumar, Executive Director, Canara Bank and Sunita Sharma, Managing Director & Chief Executive Officer, LIC Housing Finance Limited, along with several leading names from the SME industry.