“Growth is painful. Change is painful. But, nothing is as painful as staying stuck where you do not belong.” Quote N. R. Narayana Murthy, Indian billionaire businessman
Growth can be illusive, no matter how desirable and necessary it is for any firm. Businesses require It to achieve their larger objectives, such as those pertaining to sustainability, inclusivity, talent, and employee well-being, in addition to increasing profitability. A growth champion becomes that which is involved in the rise in earnings, new possibilities, and money for required transitions. Organisations that witness growth significantly become growth champions signalling the future of business.
Black swan events juxtaposed a new definition of growth. Globally, firms found new pathways to deliver growth despite the turmoil and disruption. Nevertheless, among these fixtures arose multiple stories and champions who have managed to take growth to new heights. Growth is reliant on how well corporate executives can adapt to the productivity and growth “jolts” brought on by the pandemic.
Growth in the recent past has been disrupted and threatened by short-term uncertainties, but good response to cement the foundations of a long-term strategy that brings in innovation that help achieve better resilience in the future.
For the fourth year, The Economic Times and Statista will collaborate to create a special instalment on India’s Fastest-Growing Companies, which will be released in March 2023.
The Economic Times and Statista are seeking businesses with significant revenue growth between 2019 and 2022 in order to prepare for this.
The event is looking for organisations who can share their eventful growth journeys by providing revenue statistics for the fiscal years ending in March 2019 and March 2022 as well as some additional information, such as your firm’s headcount at the end of March 2019 and 2022, so that we can determine whether your company does, in fact, qualify for our list.
Companies which manage to secure a position in the ranking will be listed in an interactive table on economictimes.indiatimes.com. They will also be featured in The Economics Times newspaper and in a special report supplement.
For the forthcoming Growth Champions in India, the companies should meet the following criteria to be featured in the event:
– Revenue of at least ₹ 1 crore generated in the fiscal year ended in March 2019
– Revenue of at least ₹10 crore generated in the fiscal year ended in March 2022
– Be independent (the applying company is not a subsidiary or branch office of another company)
– Be headquartered in India
– The revenue growth between 2019 and 2022 was primarily organic (i.e. “internally” stimulated)
Some dates to be noted:
- Start of application phase: now
- End of application phase: November 30, 2022
- Latest date to verify the data: December 7, 2022
- Link to fill in the survey: https://survey.statista-research.com/39685?lang=en
- Do log onto the landing page with more information: https://www.statista.com/page/growth-india
