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YES BANK Presents the 5th Edition of Business Today SME Survey & Awards, 2013

The most coveted recognition of India’s finest SME businesses

New Delhi, August 26, 2014:YES BANK, India’s fourth largest private sector bank and Business Today (BT), India’s No. 1 business magazine, today announced Winners across 8 categories of the BT – YES BANK SME Awards 2013 at a prestigious ceremony held in New Delhi. iConcept Software Services Pvt. Ltd. was presented with the Star SME Award – Overall (up to Rs. 50 Crore) and Vidya Herbs Pvt. Ltd the Star SME Award – Overall (Rs. 50 - 200 Crore) by Shri Ravi Shankar Prasad, Hon’ble Union Minister for Communications & Information Technology, Law & Justice in the presence of senior Government officials, and industry leaders.

The BT – YES BANK SME Survey & Award recognizes growth-focused, innovative SMEs andthe objective of this initiative is to bring together, recognize and reward achievers, innovators and enablers to encourage an entrepreneurial spirit.

Mr. Rana Kapoor, Managing Director & CEO, YES BANK said “For the past 5 consecutive years, YES BANK has been partnering with Business Today for the prestigious SME Survey and Awards which recognizes stellar accomplishments of SMEs in innovation, governance and business excellence. The Government’s recent vision to encourage innovation by allocating Rs. 10,000 Crore for establishment of a Venture Capital fund for MSMEs will help create necessary enablers for Indian MSMEs to compete on a global scale. Through these Awards, it is our humble endeavor to honour vibrant organizations which are playing a pivotal role in promoting entrepreneurship in India.”

Key highlights of the Address by Chief Guest, Shri Ravi Shankar Prasad, Hon'ble Union Minister for Communications and IT, Law and Justice, delivered at the 5th BT-YES BANK Best SME Survey & Awards:

  • India is at the cusp of Digital Revolution and Shri Narendra Modi’s view that IT (India Today) + IT (Information Technology) is equal to IT (India Tomorrow) is of great significance to everyone
  • Through National Optic Fibre Network (NOFN), the Government plans to reach 50,000 to 60,000 gram panchayats in 2014 followed by 1 lakh each in 2015 and 2016. Bharat Sanchar Nigam, Power Grid Corporation and RailTel are working towards this goal
  • There is a huge future for e-commerce in India and by bringing Digital Technology at the village level and remotest corners of the country, it will give rise to trade and warehousing – ‘people will be clicking and receiving’. There is a great scope for SME’s in this space and particularly in electronics
  • There is an intention to target zero imports in electronics manufacturing – including set-top boxes, mobiles, amongst others. The Government has setup 8 manufacturing clusters to support this initiative and also opened up the manufacturing sector in the area of defense
  • Prime Minister is creating an enabling atmosphere so that manufacturing sector can grow and through this Digital Revolution, this sector can provide jobs to 2 crore people
  • Enterprise, Entrepreneurship and Facilitation make a country and the YES BANK – BT SME awards gives an incentive for SME’s to do well

The Best SME Survey was conducted by YES BANK and Business Today and Winners were identified through a robust three-stage evaluation process. This included short listing from over 500 quality applications on the basis of quantitative analysis of FY13 financials, qualitative analysis of corporate governance & CSR and a final round of discussion by an eminent Jury Panel comprising of Shri Madhav Lal (Secretary, MSME), Shri Ashish Chauhan (CEO, BSE), Shri Sachin Nigam (President & Business Head, CRISIL Ratings – SME) and Shri Rajiv Luthra (Managing Partner, Luthra & Luthra Law Offices). Grant Thornton was the process validator for the Awards.

Winners of the BT - YES BANK SME Awards 2013

S.No.

Awards Category

Winners

1

Star SME – Manufacturing (up to Rs. 50 Cr)

Eskay Speciality Chemicals

2

Star SME – Manufacturing ( Rs. 50 - 200 Cr)

LA Opala RG

3

Star SME – Services (up to Rs. 50 Cr)

Quatrro Processing & Analytics Services

4

Star SME – Services (Rs. 50 – 200 Cr)

New Delhi Centre for Sight

5

Star SME – Trading (up to Rs. 50 Cr)

Sundev Appliances

6

Star SME – Trading (Rs. 50 – 200 Cr)

Tuareg Marketing

7

Star SME – Agri (up to Rs. 50 Cr)

iConcept Software Services

8

Star SME – Agri (Rs. 50 - 200 Cr)

Vidya Herbs

9

Best SME for Social & Environmental Responsibility – (up to Rs. 50 Cr)

See Linkages

10

Best SME for Social & Environmental Responsibility - (Rs. 50 - 200 Cr)

Monarch Catalyst

11

Best SME for Innovation - (up to Rs. 50 Cr)

Vav Life Science

12

Best SME for Innovation - (Rs. 50 - 200 Cr)

Maharani Paints

13

Best SME – North East India

Woodland Hospital

14

Star SME – Overall (up to Rs. 50 Cr)

iConcept Software Services

15

Star SME – Overall (Rs. 50 - 200 Cr)

Vidya Herbs

 

 

About YES BANK LIMITED

YES BANK, India’s fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment, vision & strategy of its Founder Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving its organizational character as the ‘Professionals’ Bank of India with the uncompromising Vision of “Building the Best Quality Bank of the World in India by 2020.”

About BUSINESS TODAY

Business Today is part of the INDIA TODAY GROUP, India’s leading media house. Business Today is the most-read and largest-circulated business magazine in India. It is also the only business magazine in the list of Top 10 most-read English magazines in India. As per latest IRS figures, Business Today is read by 400,000 people each fortnight. As the wave of change sweeps business, economy and society like never before, Business Today has ensured that its readers have all the necessary upgrades to manage tomorrow. It takes its readers deeper to give a complete understanding of the world of business. Ever since its inception in 1992, it has set one benchmark after another in business reporting.

For media queries, please contact:

YES BANK
Mithu Gupta/Sidharth Patnaik
Ph.: 88600 25999/99100 92917
Email:

Adfactors PR
Ramakrishna Prayag
Ph.: 98116 71163
Email:

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