MPME Awards: AND Rise Top MPMEs Ranking Awards: here are the winners

The year 2021 began in a world that struggled with Covid and its variants. We’re not out of the woods yet. The MSME sector, considered to be the backbone of the Indian economy, has been severely battered due to the pandemic as many micro, small and medium enterprises have been forced to close. India has around 63 million MSMEs, which create 110 million jobs. The damage was widespread and penetrated to the bottom of the economic pyramid.

Despite the challenges, small businesses across the country have shown tremendous courage. Harsh times have caused them to display a mixture of courage, resilience and the never-say -in spirit of human beings. The second edition of the ET Rise Top MSMEs has targeted and honored local MSMEs who have exemplified this spirit.

The ET Rise MPME ranking is divided into four categories:

  • The most innovative MSMEs
  • Most exporting MSMEs
  • Fastest Growing MSMEs
  • Most efficient MSMEs

The ET Rise team and our partners have evaluated thousands of MSME entries in industries ranging from textile manufacturers to automotive component manufacturers, IP solutions, logistics solution providers and much more across the world. ‘India to ensure fairness and robustness of the evaluation. The idea, after all, was to showcase the best companies at the worst times.

India’s most innovative MSMEs

For this category, we worked with India SME Accelerator Network and a distinguished jury composed of Alok Mittal, co-founder and CEO of Indifi Technologies; Pavan Ponnappa, Category and Marketing Manager, eBay India; Ritesh Malik, founder, Innov8 Coworking; and Vineet Nayar, founder of the Sampark Foundation and former CEO of HCL Technologies. These distinguished leaders selected the best innovators from India. Ten companies made the cut this year.

India’s top exporting MSMEs

The government hopes to increase exports of goods and services from MSMEs to 60% from the current 50%. Indian exporters have already achieved significant international business and consolidated trade relations across the world. But some players have left a noticeable impact on exports.

The main companies in this category were Buoyancy Consultants and Engineering LLP, which focuses on the marine industry; Khanal Foods, which manufactures vegetarian pet food and exports it to 17 countries. Buoyancy came third and Khanal second. Megaa Moda, which processes, packages and exports shrimp, this year won the title of MSME Top Exporter. The company exports its products to Japan, Vietnam, Singapore, Germany, France and the Netherlands, among others.


Fastest Growing MSMEs in India

Despite the collapsing economy and going through a period of extreme uncertainty, some companies have turned the tide and experienced incredible growth during this time. Third on our list of such illustrious players was US Transworld Logistics Ltd, which provides international supply chain solutions. Dev Milk Foods took second place. The company is involved in the manufacturing, marketing and transportation of milk and dairy products, and established one of the first private dairies in Rajasthan for packaged milk. Topping the list of India’s fastest growing SMEs this year was Campus Sutra Retail. Launched in 2013, Campus Sutra is one of India’s leading fashion brands for clothing and accessories for men and women. It is present in 22 countries.

the fastest

India’s top performing MSMEs

The winners in this category excelled in all financial metrics. These companies have created value and wealth for all of their stakeholders. They represent the best of the MSME sector in India.

To participate in this category, a company had to submit its audited financial results. A score was developed with our evaluation partner Care Ratings. This was based on the growth, profitability, liquidity and turnover of the company.

The third niche in this segment was occupied by Sensa Core Medical Instrumentation, which manufactures a range of analytical and diagnostic products supplied to hospitals and pathology laboratories. The second place went to Asian Consulting Engineers, which works in the field of water and environment and provides consultancy services, sustainable solutions for industrial and social development projects. This year’s Most Performing Indian MSME winner was Pixel Softek. The company provides consulting and geospatial services related to land, water and infrastructure. Its services include 3D mapping and modeling, digital geodatabase, management consulting services, land use, crop inventory analysis and mobile GIS applications.

the most efficient

The ET RISE Top MPMEs Ranking for 2021 had eBay as the Global Selling Partner, Deutsche Bank as the Banking Partner, MIDC as the State Partner and CARE Advisory as the Evaluation Partner.

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