Arbro Pharmaceuticals Ltd has been adjudged amongst the top 100 SMEs of India for the period 2012 – 2013 at the award giving ceremony held at Hotel Lalit in Mumbai on 18th April 2013.
100 BEST SMEs of India were chosen after a stringent Evaluation Process and Audited by SDRC. An overwhelming 42,623 nominations were filed by SMEs for the honor of being one of the top 100 SMEs in India.
The ceremony will be telecast on Bloomberg TV as 2 episodes on a later date. The award is instituted annually by India SME Forum promoted by Bank of India and Reliance group to encourage entrepreneurship and open up Indian SMEs to global competition.
SMEs contribute significantly to India’s manufacturing and export base. The award is based on the evaluation of various parameters such as growth performance, financial strength, innovation, capital, international outlook, corporate governance and overall performance ratings. Mr. Vijay Kumar Arora the chairman of the group and Dr. Saurabh Arora, executive director, received the trophy and the citation certificate on behalf of the company. The award will motivate and shape the company’s growth strategy in the coming years.
For the background, The India SME Forum is a not for profit initiative formed to propel the SME movement, by nurturing entrepreneurship and support innovative, globally competitiveness, SMEs in India. Their mission is to foster the development of a flourishing entrepreneurial culture and a competitive SMEs sector to support economic development. The core strategies to bring this about include Listening, Sharing and Advocating for a Pro-Business Environment and Identifying, Enabling and Seeding Innovative Start-ups and Recognising, Grooming and Supporting, Promising SMEs.