India's Best SMEs for 2015

The sixth Business Today Best SME Survey was carried out across the country. The data processing was validated by Grant Thornton. Here are the India's best SMEs with total revenues less than or equal to Rs 500 crore in 2013-14.

FORACE POLYMERS:

Haridwar-based Forace Polymers, which started off as an ancillary of BHEL's foundry plant in 1980, moved to producing resins for the refractory industry much later. Today, it makes a wide range of products, including resins, catalysts, and hardeners for foundry, refractory, abrasives and rubber industries. Its turnover has skyrocketed from Rs 0.8 crore in 2002/03 to Rs 224 crore in 2013/14. (Seen in the picture: Forace MD Vikas Garg)

NITIN FIRE PROTECTION INDUSTRIES:

Nitin Fire Protection Industries is a leading player of fire protection systems in India. It provides fire protection for critical assets in different industries - oil refineries, power plants, nuclear plants, etc. The Mumbai-based company has a foothold in UAE, UK, Malaysia and Turkey as well. It plans to expand its footprint through new acquisitions and become a billion-dollar company by 2020. (Seen in the picture: Nitin Fire Protection Industries Chairman Nitin Shah)

CONTROL PRINT:

Control Print is a manufacturer of industrial coding printers and inks. It sells about 1,500-2,000 printers a year, ranging from Rs 75,000 to Rs 3.5 lakh and exports in a small way to Sri Lanka and Bangladesh. The Mumbai-based company has seen topline and bottom line grow at an average of 13.9 per cent and 34.8 per cent over the past three years. (Seen in the picture: Control Print CMD Basant Kabra)

ROSSELL INDIA:

Kolkata-based Rossell India has diverse interest in tea, aviation, defence technology and engineering, and hospitality. Its top line has grown at an average of 23.7 per cent over a three-year period, while the bottomline has grown at an average of 8.8 per cent during the same period. (Seen in the picture: Rossell India Managing Director Chirinjiv Bedi)

ADTECH:

Adtech is a specialist in electronic security systems and has seen its bottomline grow at an average of 31 per cent over the last three years. It supplies security products to retail chains like Shoppers Stop, Future Group, Globus, etc. and has strategic tie-ups with leading global security companies across the US, France, Germany and Taiwan. (Seen in the picture: M.R. Subramonian, Managing Director, Adtech Systems Limited)

CRAVATEX:

Cravatex, a Mumbai-based company, is into retail, brand licensing, sourcing and distribution of fitness products. The past three years leading to March 2014 have been good for the company, with its top line growing at an average 28 per cent to Rs 189.4 crore in 2013/14.  (Seen in the picture: Rajesh Batra, CMD, Cravatex)

HSCC:

State-run HSCC has managed to successfully crack a sector primarily dominated by private players. The Noida-headquartered HSCC is a Mini Ratna government of India enterprise which is into a comprehensive range of professional consultancy services in health-care and other social sectors, both in India and abroad. Its bottom line has grown at an average of 45.4 per cent over a three-year period. (Seen in the picture: Gyanesh Pandey, CMD, HSCC)

NEWGEN SOFTWARE:

New-Delhi based Newgen Software has seen its bottomline grow at an average of 90.6 per cent over a three-year period, thanks to building products which people could use to work together. Newgen is into Intelligent Business Process Management (BPM), Enterprise Content Management (ECM), and Customer Communication Management (CCM). It has businesses across continents and its customers include the likes of Astra Zeneca, Caterpillar, Citibank, Coca-Cola, Dow Jones, Electronic Arts, Aadhar-UIDAI, Airtel, Bajaj Allianz, and Deutsche Bank.  (Seen in the picture: Diwakar Nigam, MD & CEO, Newgen Software Technologies)

EVEREST FLAVOURS:

Everest Flavours is a manufacturer and exporter of menthol, peppermint oil and essential oils Having started with the domestic market, the Mumbai-based company ventured into exports in the 1990s and it has Today, Everest Flavours exports 95-99 per cent of its products, with demand from China. The company's topline has grown at an average of 86.2 per cent over a three-year period. (Seen in the picture: Anand Ladsariya, CEO, Everest Flavours)

PM RELOCATIONS:

Gurgaon-based PM Relocations is a relocation service provider. The business has two parts -domestic and overseas, where it partners with big companies. Its topline has grown at an average of 21.4 per cent over a three-year period, while the bottomline has grown 7.2 per cent during the same period. (Seen in the picture: Aakanksha Bhargava, CEO, PM Relocations)

CIGNITI TECHNOLOGIES:

Cigniti Technologies, a Hyderabad-based company, has developed niche software testing skills, which is driving its growth. It is strong in banking and financial services, aviation, healthcare, retail, technology (gaming, e-commerce, mobile. Thanks to its acquisitions, it can now bid for projects worth $1 million or more. (Seen in the picture: Srikanth Chakkilam, Executive Director (left) and C.V. Subramanyam, CMD Cigniti Technologies)

COCHIN INTERNATIONAL AIRPORT:

Cochin International Airport has weathered the recent macroeconomic headwinds and raised the bar for other airports in the country. It is the first greenfield airport in India under public-private partnership and its bottomline has grown at an average of 11.4 per cent during a three-year period. (Seen in the picture: V.J. Kurian, Managing Director, Cochin International Airport)

JULLUNDUR MOTOR AGENCY:

Jullundur Motor Agency has managed to grow at a decent pace despite a slowdown in the commercial vehicle market. It distributes spare parts of 38 manufacturers in India, such as TVS Group and Rane Group. Despite the challenges of negative or flat growth in two auto segments, heavy commercial vehicles (HCVs) and tractors, the 88-year-old company has expanded revenue by 10.5 per cent a year, on an average, for the past three years helped by its diverse portfolio and pan-India reach. (Seen in the picture: Deepak Arora, Joint Managing Director, Jullundur Motor Agency)

AJEET SEED:

Ajeet Seed is one of the largest producers of cotton seeds, with presence in 15 states. Its growth has been driven by innovations like Ajeet 155, a GM seed that is resistant to both blueworms and sucking pests. In 2006 the company diversified from cotton into paddy, corn and vegetable seeds. The Aurangabad-based company has seen its bottomline grow at an average of 58.1 per cent over a three-year period. (Seen in the picture: Ajeet Seeds MD Sameer Mulay)

SAN ENGINEERING AND LOCOMOTIVE:

San Engineering and Locomotive, a Bangalore-based company, has done well in a difficult environment. The company builds diesel, hydraulic, diesel electric, and special locomotives, including flame-proof and narrow-gauge models n It also makes gearboxes for use in locomotives, transmission systems, shafts and axle drivers. The company's topline and bottomline has grown at an average of 27.7per cent and 27.9 per cent respectively over the last three years. (Seen in the picture: San Engineering and Locomotive CEO Narayanan Ramanathan)

SYMPHONY:

Symphony Ltd was once referred to Board for Industrial and Financial Reconstruction and had a debt of over Rs 50 crore. However, it has managed to script an amazing turnaround. The Ahmedabad-based company has 50 per cent share of the organised air cooler market and its topline and bottomline has grown at an average of 25.9 per cent and 31.4 per cent respectively over the last three years. (Seen in the picture: Achal Bakeri, Chairman and MD of Symphony)