Axis Bank & India SME Forum present the 9th edition of India SME 100 Awards

April 13, 2022

  • 55 small, 28 medium and 17 micro segment companies received awards at the ceremony

Axis Bank, India’s third largest private sector bank, in partnership with the India SME Forum, today hosted the 9th edition of the India SME 100 Awards. The event recognises and felicitates the remarkable contribution of India’s top performing SMEs. The platform also helps in creating awareness on the importance and development of SMEs and offers networking opportunities to raise equity capital for growth.

Axis Bank & India SME Forum present the 9th edition of India SME 100 Awards

The event was graced by the presence of several dignitaries including Shri Narayan Rane, Hon'ble Union Minister of MSME, Government of India; Shri Bhanu Pratap Singh Verma, Hon’ble Minister of State for MSME, Government of India; Mr. Amitabh Chaudhry, MD & CEO, Axis Bank and Mr. Rajiv Anand, Deputy MD, Axis Bank.

The awards were presented to 55 small, 28 medium and 17 micro segment companies from 14 States and 2 UTs, spanning various sectors such as agriculture, chemicals, energy, pharmaceuticals, logistics, and more. Maharashtra received the highest number of awards followed by Gujarat and Karnataka.

On the occasion, Amitabh Chaudhry, MD and CEO, Axis Bank said, “One of Axis Bank’s core philosophies has been to address the financial requirements and ensure long term sustainable growth for ‘all’ customer segments. These awards are a testament of the outstanding growth of SMEs and their potential to become world class organisations. While it has been our constant endeavour to undertake measures to boost MSMEs and entrepreneurship, this association with Indian SME Forum is to help SMEs network and promote themselves to their partners, investors and collaborators, raise capital and gain a global footprint.”

The awards platform received the highest number of unique nominations this year. Over 37,000 nominations were received from MSMEs across the country. The winners were evaluated by a 15-member diverse jury panel on various parameters such as growth performance, financial strength, innovation, people capital, international outlook, corporate governance and initiatives taken to realign and reorient the business during Covid times to sustain the business and company.

As one of the most prestigious conglomerations in the SME fraternity, the event not only celebrated India’s top performing SMEs, but also fostered dialogue and deliberation around critical areas like the contribution of women entrepreneurs, accelerating rural enterprises to de-accelerate migration, business readiness for internationalization, and igniting the MSME Economy for establishing Brand India.