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April 11, 2013updated 04 Apr 2017 3:20pm

YES BANK presents Fourth Business Today SME Awards 2012

Business Today, India’s top business magazine by readership and circulation, and YES BANK, India’s fourth largest private sector bank, announced the ‘Fourth Business Today-YES BANK SME Awards 2012’ in New Delhi.

By Verdict Staff

The ‘Business Today-YES BANK SME Survey 2012’, received an overwhelming response of over four lakh applications from leading SMEs across key industry sectors with 15 awards for eight categories. The awardees were felicitated by Hon’ble Shri Sriprakash Jaiswal, Union Minister of Coal, and Hon’ble Shri K. H. Muniyappa, Minister of State for Micro, Small & Medium Enterprises, at a glittering event on April 10, 2013 in New Delhi, attended by leading SMEs from across the country.

The objective of these awards is to bring together growth-focused, innovative and success-driven SME enterprises on a common platform for inspiring an entrepreneurial spirit across the SME sectors.

In his introductory address, Mr. Ashish Bagga, Group CEO – India Today Group, which publishes titles such as Business Today and India Today, said, "This is a proud moment for us. Getting more than four lakh applications has helped us make this year’s Business Today-YES Bank Best SME Survey much more inclusive, and we justifiably hope to improve on this score in the years ahead."

In a message, Mr. Rana Kapoor, Founder, Managing Director & CEO, YES BANK said, "These awards have been conceived, planned and executed with the objective of recognizing the achievements of entrepreneurs and companies. Over the past four editions, the Awards have grown by leaps and bounds from 8,000 applications in the inaugural year to over four lakh this year. This is not only a testimony to India’s growing SME sector but also to YES BANK’s focus and commitment towards it."

The applications were short listed through a robust three-step selection process, on the basis of the information received through the application form, and from publicly available sources. The final winners were identified through a thorough analysis of short listed applications by an eminent jury chaired by Mr Arun Maira, Member – Planning Commission; Mr Ajay Seth, Chief Financial Officer, Maruti Suzuki; Mr Abhay Pandey, Managing Director, Sequoia Capital; Mr Anil Bhardwaj, Secretary-General, FISME; and Mr Sushil Muhnot, Chairman and Managing Director of Small Industries Development Bank of India.

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