Mindfire Awarded D&B Fastest Growing SME 2013 Award

MUMBAI, India, November 27, 2013 /PRNewswire/ --

Mindfire Solutions, global IT Services provider to Small & Medium businesses worldwide, has won Fastest Growing SME Award by Dun & Bradstreet, world's leading provider of global business information, at D&B SME Awards 2013

Dun & Bradstreet, the world's leading provider of global business information, knowledge and insight, announced Mindfire Solutions as the 'Fastest Growing SME' at the D&B SME Awards 2013, held in Mumbai. The awards felicitated 21 of India's leading Small and Medium Enterprises of India for their significant achievement and contribution over the years. The occasion also marked the launch of Dun & Bradstreet's premier publication, Leading SMEs of India 2013 by Chief Guest, Dr. H P Kumar, Chairman & Managing Director, National Small Industries Corporation.

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Speaking at the awards, Mr. Kaushal Sampat, President & CEO - India, Dun & Bradstreet, said, "The Indian SME sector has grown rapidly in the last decade. SMEs have made a very significant contribution to the overall economy resulting in a marked impact on GDP. To be recognized as the Fastest Growing SME in India is an impressive achievement. Congratulations to Mindfire Solutions for their exemplary growth."

"Our analysis in the third edition of our publication 'Leading SMEs of India, 2013' revealed that the small enterprises outperformed micro and medium enterprises in terms of aggregate total income, net profit, margins and export growth. Aggregate income of small enterprises grew by 13% in FY 13 y-o-y compared with 8.7% for medium enterprises for the same period. Small enterprises also witnessed a sharp increase in their aggregate net profit, from 3% in FY 12 to 12.5% in FY 13.They also managed to retain their margins at approximately 8% for FY 13, the same as in FY 12 and showed a 27% export growth in FY 13 y-o-y as compared to 21% export growth of medium enterprises for the same period. So, despite the challenging conditions, the SME sector has been enormously resilient," he added.

Speaking at the awards ceremony, Mr. Soumya Mishra, Chief Operating Officer, Mindfire Solutions said, "At Mindfire, it has been our constant focus to be respected by our people, our clients and the entire IT community. It is heartening to see our efforts in the direction of delighting our clients are being recognized. We are glad to be named 'Fastest Growing SME' but this is only because of the trust and faith our clients have entrusted upon us."

"Global business landscape is undergoing a metamorphosis and we are glad that it is increasingly enabling SMEs. We would continue to delight our clients in serving their agile software development needs in all technology platforms, predominantly mobile, web, social media, analytics and testing," he added.

Winning the D&B Fastest SME Award 2013 India lays the foundation for Mindfire's next level of growth. This reaffirms Mindfire's commitment to quality and customer delight and also acknowledges the organization's efforts in aligning its internal systems and processes to suit the business operations of small and medium businesses worldwide.

About Mindfire Solutions:

"Mindfire Solutions" is amongst the leading providers of Software & IT services encompassing development and delivery of complex projects for enhancing business growth of its customers. Mindfire has added value to more than 250 clients in US, Europe, Africa, Australia and Asia in the 14+ years of its operations. The company has over 650+ people, spread across three Advanced Development Centers (ADCs) in India which are equipped with ultra-modern facilities, and where Mindfireans strive round the clock for achieving customer delight. For more information on Mindfire Solutions, please visit http://www.mindfiresolutions.com.

About 'D&B SME Awards 2013'

The 'D&B SME Awards 2013' are a tribute to the leading small and medium enterprises for their significant achievement and notable performance over the years. A total of 21 awards are decided across six sectors, namely chemicals & pharmaceutical, food processing, logistics, textiles, engineering goods and IT &ITeS. D&B used a proprietary model to shortlist the nominations based on various qualitative and quantitative parameters. Based on computation of composite scores, the award winners were decided by a Jury comprising of industry experts and eminent professionals from relevant industry. For more information on D&B, please visit http://www.dandb.com

Press contact:

Subhendu Pattnaik
Sr. Marketing Manager
Mindfire Solutions
T: +1-248-686-1424
E: [email protected]

SOURCE MindFire Solutions