Leading SMEs of India 2022

1 SMEs are recognised as the key drivers of economic growth with remarkable potential to catalyse innovation, spur investments, create new job opportunities, and propel the overall development of a country. MSMEs currently contribute about 30% of the India’s GDP. Besides, the sector provides non-farm employment to almost 11 crore people, making it the second-largest source of employment after the agriculture sector. Therefore, the growth of this industry is essential for achieving inclusive growth and is crucial for India’s future. Recognizing the vital role played by Small and Medium Enterprises (SMEs), Dun & Bradstreet India is pleased to present the 13 th edition of its publication, ‘Leading SMEs of India’ that captures the pulse and the dynamics of Indian SMEs and includes list of leading Small and Medium Enterprises (SMEs) across the country with annual standalone turnover between ` 5 crore and ` 250 crore in FY 2020-21. In addition to this list, the publication features success storiesof SMEs and interviews of businessowners 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’ . Over the years, the government has played a proactive role in fostering entrepreneurship. The fact that India’s start-up ecosystem has grown to become the world’s third largest is a testament to the government’s efforts. Dun & Bradstreet Research shows that business registrations continue to be robust with on an average 572 new firms were registered each day in FY22, up from348 in FY17. These numbers show how India’s entrepreneurial spirit is growing and how the ecosystem is collaborating to produce this new generation. As the pursuit of innovation becomes the pursuit of entrepreneurship, India is on a path to become one of the world’s leading countries in driving a new-age innovative entrepreneurship-driven economy. Therefore, the central theme for this year’s edition is ‘Time for India’s New Age Entrepreneurship’ . This publication is a ready reckoner for Indian and global CXOs of leading corporates, small andmedium-sized businesses, government ministries, and industry associations. For the featured SMEs, it is a global platform of recognition. The profile and success stories of the award winners, as well as expert perspectives on the sector, will providemuch needed inspiration to businesses across the country. I hope you will benefit from the ‘Leading SMEs 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