The ET MSME Awards 2023 expands its previous avatar, the ET Rise Top MSME Rankings, now offering Indian MSMEs an opportunity to competently vie for awards as per their size and scale (micro, small, and medium) as well as sector (manufacturing or services), thus enhancing their visibility on a reputable platform. By acknowledging these enterprises’ remarkable achievements in business and their contributions to the country’s socio-economic growth, this awards programme facilitates their recognition by sector-focused industry peers, mentors, and potential collaborators.
In its fourth edition, the awards programme will commemorate the outstanding achievements of Indian MSMEs through 26 awards across five broad categories, which include five newly introduced sub-categories: the Global Indian MSME of the Year, Awards for Women Entrepreneurs, Industry Focussed Awards, and MSME Enabler Award for Tech and MSME Enabler Award for Banking & Financing.
The complete list of the nominations for all 26 awards under the ET MSME Awards initiative is as given below. The winners for the ET MSME Awards 2023 will be announced at the grand felicitation ceremony scheduled for December 8, 2023, in New Delhi.
Nominations for the 26 award categories
Broadly, the ET MSME Awards fall under five main categories: Overall Industry Awards; Awards by MSME Category; MSME Enabler Awards; Special Category Awards; Industry Focused Awards. Altogether, there are 26 awards under the five categories, with the nominees including companies across market sizes and sectors, be it manufacturing or services.
I. OVERALL INDUSTRY AWARDS
1. Indian MSME of the Year Award: This award category celebrates and recognises MSMEs that have demonstrated excellence across the spectrum of business, in the fields of business growth, market performance, jobs created, impact on consumer and economy, and other socio-economic initiatives.
a. Nominees for the Indian MSME of the Year Award – Manufacturing:
- Acme Process Systems Private Limited
- Danish Private Limited
- Diffusion Engineers Limited
- Metal Work Industries Limited
- Rean Watertech Private Limited
- Wellspring Industries Private Limited
- Paloma Turning Company Private Limited
- Everest Instruments PVT. LTD.
b. Nominees for the Indian MSME of the Year Award – Services
- Amantya Technologies
- Knowcraft Analytics PVT. LTD.
- ICS Mobile Private Limited
- Ksolves India Limited
- rProcess Outsourcing Private Limited
2. Global Indian MSME of the Year Award: This award category recognises the effort of top Indian companies in the areas of international trade. The nominees are MSMEs that have successfully expanded their business at the global level, or forayed into new markets, demonstrating global competitiveness.
a. Nominees for the Global Indian MSME of the Year Award – Manufacturing:
- Aeroflex Industries Limited
- Bharat Parenterals Limited
- Ecoline Exim Private Limited
- Prevest Denpro Limited
- St. Mary’s Cashew Factory
- Sudeep Pharma Private Limited
- Secan Invescast India Private Limited
b. Nominees for the Global Indian MSME of the Year Award – Services:
- inMorphis Services Private Limited
- IRIS Business Services Limited
- Molkem Chemicals Private Limited
- Softude (By Systematix Infotech)
- Nintec Systems Limited
3. India’s Top Exporter of the Year Award: This award is aimed at recognising the top Indian MSMEs involved in exporting of goods and services. The nominees have all the required international certifications and are registered Indian businesses that qualify as a MSME, as specified by the Ministry of MSME.
a. Nominees for India’s Top Exporter of the Year Award – Manufacturing:
- Aeroflex Industries Limited
- Coastal Corporation Limited
- Kariwala Industries Limited
- Oilmax Systems Private Limited
b. Nominees for India’s Top Exporter of the Year Award – Services:
- Advance Mechanical Services Private Limited
- Algoscale Technologies Private Limited
- IRIS Business Service Limited
- Nintec Systems Limited
- Webskitters Technology Solutions Private Limited
- Jinkushal Industries Pvt Ltd
II. AWARDS BY MSME CATEGORY
There are three subcategories of awards, one each for micro, small and medium enterprise:
1. India’s Top-Performing MSME of the Year Award: This award category is aimed at recognising the achievements of MSMEs for their exceptional performance in terms of revenue, profit and returns.
a. Nominees for India’s Top-Performing MSME of the Year Award – Micro:
- One A Advisors
- Shripat Tech-Innovation Corporation
- Softserv Solutions Private Limited
b. Nominees for India’s Top-Performing MSME of the Year Award – Small:
- Aadrila Technologies Private Limited
- JPF Metacast Private Limited
- Pavai Infra Geotech
- PSIOG Digital Private Limited
- Pentagon Rubbers Limited
- Aditi Toys Private Limited
- Gumtree Traps PVT. LTD
c. Nominees for India’s Top-Performing MSME of the Year Award – Medium:
- Stryder Cycle PVT. LTD.
- Steefo Engineering Corporation
- PD Navkar Bio-Chem PVT. LTD.
- Knowledge Marine & Engineering Works LTD
- Elan Professional Appliances PVT. LTD.
2. India’s Fastest-growing MSME Award: This award category recognises MSMEs that have registered the fastest growth over the past year.
a. Nominees for India’s Fastest-growing MSME Award – Micro:
- Calren Care Lifesciences Pvt Ltd
- Sam & Marshall LLP
- Softserv Solutions Private Limited
- Swapnil Exim Private Limited
b. Nominees for India’s Fastest-growing MSME Award – Small:
- United CJ LLP
- Systango Technologies Limited
- Raghoji Logix LLP
- Santra Publication Private Limited
- Fibro Grats PVT. LTD.
c. Nominees for India’s Fastest-growing MSME Award – Medium:
- P.M. Relocations Private Limited
- Pinax Steel Industries Private Limited
- Sannverse Railtech Private Limited
- Swaraj Suiting Limited
3. India’s Top Innovative MSME of the Year Award: This award recognises and celebrates MSMEs for disruptive innovations in their services, products or manufacturing.
a. Nominees for India’s Top Innovative MSME of the Year Award – Micro:
- Dr. Agravat Healthcare Limited
- AlphaMERS Limited
- Vdoit Technologies Limited
- SOFTSERV SOLUTIONS PRIVATE LIMITED
- Superbolt Technologies PVT. LTD.
- Medisim VR
- Aerostrovilos Energy PVT. LTD.
b. Nominees for India’s Top Innovative MSME of the Year Award – Small:
- Jiwan Metfins Pvt Ltd
- Multi Decor India Pvt Ltd
- Panvo Organics Pvt Ltd
- Enlite Research
- Dimension Nxg PVT. LTD.
c. Nominees for India’s Top Innovative MSME of the Year Award – Medium:
- Electronics Devices Worldwide Private Limited
- Green Enabled IT Solutions Private Limited
- Mascot Systems Private Limited
- Otipy Internet Private Limited
- Neptunus Power Plant Services Private Limited
- Swam Pneumatics Private Limited
- ideaForge Technology LTD.
III. MSME ENABLER AWARDS
1. Indian MSME Enabler Award for Tech & Innovation: This award category is aimed at applauding the efforts of the organisations that have enabled Indian MSMEs to adopt and adapt to the latest slew of innovation in financial, tech, digital domains in the industry.
a. Nominees for Indian MSME Enabler Award for Tech & Innovation:
- Indiamart Intermesh Limited
- Pidge
- Smartpaddle Technology Private Limited (Bizongo)
- Shivaami Cloud Services Private Limited
- Tally Solutions Private Limited
- Walmart India Private Limited
2. Indian MSME Enabler Award for Banking & Financing: This award category shines the spotlight on enterprises focused on enabling MSMEs with their banking and financing needs, by demonstrating exceptional contribution in driving financial awareness, improving MSMEs’ access to financing, developing products or solutions aimed at delivering better growth opportunities while simplifying financial access and process for MSMEs.
a. Nominees for Indian MSME Enabler Award for Banking & Financing:
- ECL Finance Limited
- Hem Securities Ltd
- Karur Vysya Bank Limited
- One 97 Communications Ltd (Paytm)
- Mynd Solutions Private Limited (M1 Exchange)
- Receivables Exchange of India Limited
- Epimoney PVT. LTD. (FlexiLoans)
IV. SPECIAL AWARD CATEGORIES
One of the latest additions to the ET MSME Awards, this award category focuses on recognising top women entrepreneurs, top-listed SMEs and best CSR initiative by an SME.
1. Top-performing Listed Indian SME: This award has been introduced to celebrate and recognise the top-performing SMEs listed on the BSE SME or NSE Emerge during the past year.
a. Nominees for Top-performing Listed Indian SME:
- Concord Control Systems Limited
- Network People Services Technologies Limited
- Swaraj Suiting Limited
- VASA Denticity ltd
2. Indian MSME Women Entrepreneur of the Year Award: This award has been introduced to celebrate the success of women entrepreneurs in micro, small and medium enterprises by recognising their contribution in manufacturing and services.
a. Nominees for Indian MSME Women Entrepreneur of the Year Award – Micro:
- Anita’s Aromatic Solutions
- Copylove Communications LLP
- Justwords Consultants
- Peritos Solutions & Consulting Private Limited
- Uniformart
b. Nominees for Indian MSME Women Entrepreneur of the Year Award – Small:
- BDesir Cosmetics
- FUN ZOO TOYS (INDIA)
- Hindavi Solutions Private Limited
- rProcess Outsourcing Services Private Limited
c. Nominees for Indian MSME Women Entrepreneur of the Year Award – Medium:
- PM Relocations Private Limited
- Sakvinyl Solutions Pvt Ltd
- Su-Vastika Systems Pvt Ltd
3. Best CSR Initiative by an Indian SME: Focused on MSMEs’ contribution towards corporate social responsibility, this award aims to celebrate and recognise SMEs that have positively impacted the society by taking a strategic approach to CSR through a collaborative programme.
a. Nominees for Best CSR Initiative by an Indian SME:
- Jamshedpur Chlorochem Private Limited
- Kama Ayurveda Private Limited
- Neptunus Power Plant Services Private Limited
- PD Navkar Bio Chem Private Limited
V. INDUSTRY FOCUSSED AWARD CATEGORIES
1. Automobile & OEM MSME of the Year: This award aims to celebrate and recognise the MSME enterprises involved in manufacturing in the OEM (original equipment manufacturers) segment and automobile parts in India.
a. Nominees for Automobile & OEM MSME of the Year:
- Abilities India Pistons & Rings Limited
- ADM Joinflex India Private Limited
- Alubee Die Casters
- Delta AutoCorp Private
- Pragati Transmission Private Limited
- Rockman Advanced Composites Private Limited
- Technocast Foundry
2. Pharmaceutical & Healthcare MSME of the Year: This award focuses on recognising the top performing MSMEs in the pharmaceutical and healthcare domain. MSMEs in the healthcare sector working towards improving the manufacturing capabilities for medicines, medical devices, instruments and equipment used in this sector, including MSMEs focused on manufacturing innovative healthcare products and solutions, are recognised under this award category.
a. Nominees for Pharmaceutical & Healthcare MSME of the Year:
- Aishwarya Lifesciences
- Johari Digital Healthcare Ltd.
- Meteoric Biopharmaceuticals Private Limited
- SAGA LIFESCIENCES LIMITED
- Shukra Pharmaceuticals Limited
- Vasa Pharmachem PVT. LTD.
3. Electrical & Electronics MSME of the Year: This award aims to recognise the achievements of MSME enterprises that have made significant contributions towards boosting the manufacturing and testing capacities of electronic components and assemblies or electrical equipment, including household appliances, signalling lighting, etc, in India. This also includes MSME enterprises working towards mass-manufacturing of new and innovative electrical and electronic products.
a. Nominees for Electrical & Electronics MSME of the Year:
- Autotex Private Limited
- Jaybee Industries
- Macfos Limited
- Servotech Power Systems Ltd
- Umang Boards Limited
- Vishvas PowerEngineering Services Pvt Ltd
4. Clothing & Apparel MSME of the Year: Focused on the clothing and fashion industry, this award category recognises the MSME enterprises that have recorded big achievements to help boost the manufacturing capacity of the clothing and apparel sector and made exceptional contributions towards making this sector self-reliant.
a. Nominees for Clothing & Apparel MSME of the Year:
- Chandra Fabrics Private Limited
- Mustang Enterprises
- Pinklay Retail Private Limited
- Tristar Corporation
To know more about the ET MSME Awards, click here.
