Utkarsh India Limited:Bags the 9th Entrepreneur Award for Best Financial Performance 2019.
Emerging manufacturing giant Utkarsh India Limited won the Rice Award for the Best Financial Performance at the 9th Entrepreneur Awards 2019. The awards were held as part of Entrepreneur Media’s 9th Annual Congress in New Delhi on the 18th of July.
The event witnessed some of the best personalities from the Indian business industry, it had over 100 speakers, 75 award categories and more than 500 attendees. Prominent speakers at the event included Chief Guest Amitabh Kant (CEO, NitiAyog), VaibhavAgrawal (Partner, Lightspeed Ventures), and Amarjeet Singh Batra (MD, Spotify India).
UtkarshBansal, Director – Business Strategies of Utkarsh India Limited said, – “In the last few years, we have significantly shifted gears to leverage all the opportunities opening up in India’s infrastructure sector. This reward is a recognition of that effort as well as the massive future potential and we’re very grateful to Entrepreneur Media and we are all set for future goal of positioning the brand such a way that we get awarded in many verticals“
The Rice Award for the Best Financial Performance recognizes high-performing companies that have shown exponential revenue growth with strong returns. But revenue growth is not the only metric. The award seeks to honour companies that are on the path of becoming future giants in corporate India and who have consistently capitalized on promising business opportunities.
This year’s winner, Utkarsh India Limited, has established itself as one of the foremost manufacturers in infrastructural segments across the country. Utkarsh India Limited has seized major opportunities in the infrastructure space in these last few years and now has six major verticals, including Lighting Mast & Polygonal Poles, Transmission Line Towers & Substation Structures, Polymer Products, Railways electrification structures, W Beam Metal crash barriers and Steel Tubes & Pipes. The company is also focused on international growth and already has a strong presence in more than 20 countries across the globe including Germany, Belgium, Australia, Canada, and the UK.
The company has made rapid strides both in revenue growth and profitability in the last 3-4 years having achieved 35% growth for the last two years consistently. Given the massive opportunities now available in India’s infrastructure sector (with expenditure at Rs. 21 trillion), Utkarsh is on a high-growth path. In fact, it’s aiming to grow aggressively over the next 3 years, reaching a turnover of Rs. 2000 Cr with a 10% EBIDTA margin.
Utkarsh’s steady revenue growth and high returns in the last few years, combined with its growth-path and vision for the future were the key to its win. It will be interesting to see how the company performs in the next few years and whether it’s able to claim a place of pride among the giants of Indian infrastructure.
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