Leading Mid Corporates 2020

1 Avinash Gupta Managing Director - India, Dun & Bradstreet Dun & Bradstreet India is pleased to bring to you the inaugural edition of its publication ‘Leading Mid-Corporates of India’ jointly with the American Express Banking Corpo- ration. For more than a decade, Dun & Bradstreet has been working on various initiatives to provide visibility to small and mid-sized companies. One of these initiatives has been the Leading SMEs of India publication, which has highlighted the success stories of Indian SMEs. is year, we have decided to dive deeper into the realm of small and medium sized businesses by splitting the erstwhile single comprehensive publication into two sets of listings – ‘Leading SMEs of India 2020’ and ‘Leading Mid-Corporates of India 2020’. is publication, ‘Leading Mid-Corporates of India 2020’, lists as well as pro les some of the leading Mid-corporates of India. For the purpose of this publication, Mid-Corporates are de ned as businesses with FY19 standalone turnover of more than Rs. 250 crore and less than Rs. 1,000 crore. Indian entrepreneurs have contributed immensely to the country’s economic prog- ress and today the winds of entrepreneurship are blowing strongly than ever before. Across the globe, micro, small and medium enter- prises account for about 90% of businesses and more than 50% of employment. ey are the prime drivers of job creation and GDP growth. ey also play an important role in contrib- uting to economic diversi cation, social stability and private sector development. e year 2020 has obviously been a challeng- ing one for businesses, and more so for small and mid-sized businesses. A high proportion of such businesses have been forced to cease operations, particularly those providing non-essential services. e new normal that will emerge once the pandemic is over; might no longer remain the ‘normal’ we have been accustomed to. Digital transformation and business resilience will also have new paradigms in this new normal. erefore, businesses need to gear themselves for signif- icant adaptation and restructuring to be able to navigate the new landscape and become resilient. It is a known fact that a favorable credit environment will help nurture such compa- nies. To achieve this, two essential factors will need to be focussed on: strengthening credit bureaus and empowering regulatory agencies. Improving credit reporting mecha- nisms through credit bureaus or registries is bene cial, as the smooth ow of information between banks is linked to the enhanced availability of credit to rms, at lower cost. Similarly, stringent nancial laws and regula- tion foster a favorable credit environment. I hope you will enjoy reading ‘Leading Mid-Corporates of India 2020’, and I look forward to receiving your valuable feedback and suggestions. PREFACE Dun & Bradstre t