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Dun & Bradstreet & Axis Bank present Business Gaurav SME Awards 2011
Small and Medium Enterprises (SMEs) have emerged as the backbone of the Indian economy. As a tribute to their achievements, Dun & Bradstreet and Axis Bank felicitated leading SMEs of India for their invaluable contribution to our economy.
Business Gaurav SME Awards 2011 showcased the achievements of successful micro, small and medium enterprises from 12 SME-oriented sectors across the country. These are:
Companies with annual total income/turnover of less than Rs 150 crores in FY11 were eligible for nomination under these awards.
For a company to be considered for the respective award category, mandatory financial details as mentioned in the questionnaire had to be mandatorily provided by the company. If short listed, the company had to provide required financial statements in support of its application for validation purposes.
A proprietary quantitative model developed by D&B was used to short list the award winners. The model was based primarily on computation of composite scores calculated by considering various financial and quantitative indicators. The final set of award winners was chosen by an independent jury based on a combination of quantitative scores and qualitative information.
The award winners were decided by a Jury comprising of industry experts and eminent professionals from relevant industry. The jury for the D&B-Axis Bank Business Gaurav SME Awards 2011 comprised of:
The winners of the D&B-Axis Bank Business Gaurav SME Awards 2011 were felicitated in the presentation ceremony on November 11, 2011 at Mumbai. The companies which have emerged as winners are:
In addition to the above, Luxite Industries Limited was awarded the "Best SME" overall.
Dun & Bradstreet & Axis Bank present Business Gaurav SME Awards 2011 - Winners
Dun & Bradstreet and Axis Bank released the maiden edition of its publication "Leading SMEs of India 2011" at the D&B-Axis Bank Business Gaurav SME Awards 2011. The publication highlights the key achievements of the award winners of D&B-Axis Bank Business Gaurav SME Awards 2011. It also includes a brief overview and various developments associated with the 12 SME oriented sectors in which the enterprises were recognized. The 'Insights' section provides detailed findings related to the ownership pattern, financing options, funding preferences, challenges and perspective on government initiatives among others of the small and medium enterprises.
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