Power2SME in collaboration with TiE Delhi NCR concluded season 3 of the Spirit of Manufacturing Awards today at Taj Palace, New Delhi. Ms. Jyotsna Sitling, Joint Secretary, Ministry of Skill Development & Entrepreneurship graced the ceremony as Chief Guest, who inaugurated the ceremony and shared her valuable insights on role of manufacturing SMEs in contributing towards India’s growth story.
The Spirit of Manufacturing platform is dedicated to the entrepreneurs in the manufacturing industry and is designed to re-iterate the importance of the manufacturing sector and the need of innovation in this space.
Speaking on the occasion, Ms. Jyotsna Sitling said, “Aimed to work in sync with the government’s initiative and empowerment of the SME sector, the Spirit of Manufacturing Awards recognizes and gives impetus to the startups and entrepreneurs in the manufacturing space. I am delighted to be a part of such an impactful initiative and to have witnessed inspiring stories of some young manufacturing businesses.”
Mr. R Narayan, Founder and CEO, Power2SME elaborated that “SMEs have the ability to make India global manufacturing destination. Aligned with the sole objective of SME empowerment, we at Power2SME have been consistently undertaking various initiatives to support the SME community in India. Spirit of Manufacturing is one such important platform that salutes the spirit of promising and successful startups.” He further added that “For the third time in a row, through this platform we have witnessed many unique and inspiring entrepreneurial stories across India. We sincerely thank TiE Delhi NCR for partnering with us in celebrating the success of SMEs and to accolade the notable work done by them.”
- YOUNG ENTREPRENEUR OF THE YEAR: ESHWAR K VIKAS, CEO at Mukunda Foods Pvt. Ltd.
- IT ADOPTION AND INNOVATION: Rohit Asil, CTO and Co-Founder fracktal works
- SOCIAL IMPACT: Ankit Agarwal, Co-founder, Help Us Green
- WOMAN ENTREPRENEUR OF THE YEAR: Kamini Gupta, CEO, EDGEFX
- SPECIAL JURY AWARD: Akanksha Vyas, Co-founder, FITED
- Mr. Sunil Bhalla, Promoter & Director, Lava Mobiles
- Narendra Bansal, CMD, Intex
- Kunwer Sachdev, Founder & CEO, Su-Kam Power Systems Ltd.
- Mr. R. Narayan, Founder & CEO, Power2SME
- Mr. H. P. Kumar, Director – External Affairs, Power2SME & former MD cum Chairman, NSIC
This annual award series is aimed at encouraging innovation and entrepreneurship in the country and aspires to provide the necessary visibility, ecosystem and mentorship for new SME start-ups to scale their operations in their respective sectors. The award ceremony received support from MAIT as Sponsor. MAIT is an association empowering ICT Industry in India.
Ms. Geetika Dayal, Executive Director, TiE Delhi-NCR concluded by saying, “TiE is committed to empowering entrepreneurs and applauding innovation, across industries. As India Inc is warming up to the idea of Make in India, the Spirit of Manufacturing awards is an initiative that celebrates the innovation among manufacturing startups. We, at TiE, are undertaking initiatives to work towards and motivate this niche industry.”
The season 3 of the Spirit of Manufacturing Awards received total of 200 nominations for 5 categories, which were reviewed by esteemed jury members. The selection and short listing was based on the innovative skills and their tangible impact in the way business is conducted. Facts and proofs in support with the business idea were compulsory. The expert panel reviewed the business structure, its success; the innovation and its retrospective impact on the business, amongst other critical parameters before short listing the companies.
The first ‘Buying Club’ for SMEs in India, Power2SME, financially backed by 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, Steel, Polymer Commodity, Polymer Engineering, etc.
Power2SME works with established and trusted suppliers such as SAIL, TATA Steel, ESSAR Steel, Allied Strips, JSW, Rathi Steel, Victor Exim, Balaji Enterprise, POSCO Steel, Apollo Pipes, JSL, and many more.
TiE is recognized as the global organization fostering entrepreneurship through mentoring, networking and education. 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 in vibrant yet under-developed regions. The Indus Entrepreneurs (TiE) was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. There are currently 15,000 members, including over 2,500 charter members in 62 chapters across 18 countries. Delhi Chapter is among the largest and most vibrant across the vast TiE network. In the last 10 years, it has emerged as the forum of choice for startups, serial entrepreneurs, VC and angel investors, policy makers and academia. At the heart of the entrepreneurial ecosystem, TiE Delhi plays the role of an ecosystem builder by bringing in multiple stakeholders and values to align with the common goal to foster entrepreneurship.