3:28 am - Thursday January 18, 2018

Power2SME and TiE Delhi NCR Announce the Winners of ‘Spirit of Manufacturing Awards 2017’ at TiECON 2017

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Business Wire India

Shri Hansraj Ahir, MoS Home Affairs, Govt of India in the center, (from right) Ms. Sonal, Founder & Director, Compassionate Choices, Dr. Vibha Tripathi, CEO, Swajal Water, Ankit Mehta, CEO, ideaForge Technology, Mr. Parth Dave, Co-founder & COO, Frolitic Energy Solutions, Hona’ble MoS, and Mr. Mr. Prasoon Gupta, CEO, Sattviko Lifestyle with his team
Shri Hansraj Ahir, MoS Home Affairs, Govt of India in the center, (from right) Ms. Sonal, Founder & Director, Compassionate Choices, Dr. Vibha Tripathi, CEO, Swajal Water, Ankit Mehta, CEO, ideaForge Technology, Mr. Parth Dave, Co-founder & COO, Frolitic Energy Solutions, Hona’ble MoS, and Mr. Mr. Prasoon Gupta, CEO, Sattviko Lifestyle with his team

Power2SME in collaboration with TiE Delhi NCR concluded season 4 of the Spirit of Manufacturing Awards today at New Delhi, on the side-lines of TiECON 2017. Mr. Hansraj Ahir, MoS Home Affairs, Govt of India graced the ceremony as keynote speaker and shared his valuable insights on role of manufacturing SMEs in contributing towards India’s growth story.

The joint initiative (Spirit of Manufacturing) is dedicated to felicitating the most enterprising entrepreneurs in the manufacturing industry and is designed to re-iterate the importance of the manufacturing sector and the role that ‘innovation’, plays, in this space.

With Pre-screening of all online applications for each category, followed by assessment of only selected application, the final list of top 13 contestants was generated. The selection of final winners was announced basis their presentation in front of team of Jury members on December 15, 2017 and scores amalgamated from previous round. The Jury evaluated each presentation on the basis of the Execution Strategy, Competitive Advantage, Management Depth, sales & Marketing Strategy and the Financial Viability. Towards the end of presentations, the scores were tabulated to announce the winners from each category.

 Mr. R Narayan, Founder and CEO, Power2SME elaborated that, “The emergence of startups, largely in service sector has swept India for over a decade. With the wave of ‘Make in India’ and other government campaigns supporting young manufacturers, India has a bright future for entrepreneurs in manufacturing sector. The glimpse of same we witnessed today at the fourth season of Spirit of Manufacturing Awards.” He further added that “With each passing year the platform of Spirit of Manufacturing is expanding its horizon and innovative products are showcased in front of jury members.”

Ms. Geetika Dayal, Executive Director, TiE Delhi NCR expressed that “It has been TiE’s constant endeavor to acknowledge the young businesses in India and our partnership with Power2SME has helped us establish a platform dedicated to felicitate entrepreneurs in the manufacturing sector. We received an overwhelming response from the SME fraternity for season 4 of the awards ceremony and we are thrilled once again to expand the SOM family with new set of manufacturing heroes.”
 

 Winners

SOCIAL IMPACT: Mr. Parth Dave, Co-founder & COO, Frolitic Energy Solutions Pvt Ltd

IT ADOPTION & INNOVATION: Dr. Vibha Tripathi, CEO, Swajal Water Pvt Ltd

WOMAN ENTREPRENEUR: Ms. Sonal, Founder & Director, Compassionate Choices Pvt Ltd

YOUNG ENTREPRENEUR: Mr. Prasoon Gupta, CEO, Sattviko Lifestyle

SPECIAL JURY AWARD: Ankit Mehta, CEO, ideaForge Technology Pvt Ltd
 

Jury Members
  • Mr. Sumit Bhatia – Senior Vice President – Business Operations, Power2SME
  • Dr. H P Kumar – Director – External Affairs, Power2SME
  • Mr. Rakesh Malhotra – Founder, SAR Group
  • Mr. Rakesh Rewari – Ex. CEO, SIDBI
  • Dr. Rajesh Jain – Joint Managing Director, Panacea Biotec Ltd.

The winners were awarded across 5 categories which was based on the innovative skills and their tangible impact in the way their business is conducted. The categories that the winners fall under, include Social Impact, Young Entrepreneur, IT Adoption & Innovation, Woman Entrepreneur of the Year and Special Jury Award. About Power2SME
 
The first ‘Buying Club’ for SMEs in India, Power2SME, financially backed by IFC Nandan Nilekani, Inventus Capital Partners, Kalaari Capital and Accel Partners, began operations in 2012. Committed to empowering SMEs by increasing their profits, Power2SME focuses on reducing purchase prices for SMEs and enhancing productivity. Power2SME enables SME clients to focus on their core business of driving growth and expansion, while taking on the role of sourcing input raw materials at the most competitive price points across multiple products in categories such as Chemicals, Additives, Inks, Paints, Metals, Polymer Commodity. Power2SME has developed FinanSME to enable easy connect between SMEs and financial institutes, and has also developed SMEshops to address the growing needs of MRO goods – Maintenance, Repair and Operations goods.
 
Company website: http://www.power2sme.com/
 
About The Indus Entrepreneurs (TiE)
 
The Indus Entrepreneurs (TiE) is a global not-for-profit organization focused on promoting entrepreneurship. TiE helps budding entrepreneurs by way of advice, guidance and assistance from successful & experienced entrepreneurs and professionals. TiE provides a platform for mentoring, networking & education, to entrepreneurs & professionals. The purpose of TiE is to encourage and nurture the next generation of entrepreneurs and add to the virtuous cycle of wealth creation spurring development and economic growth of the world. It does so by following the ancient Indian Guru-Shishya tradition.

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