Emerging Companies On The Rise

Fortune India's The Next 500 event showed how emerging companies are scaling new levels.

FORTUNE INDIA celebrated the achievements of India’s Emerging Companies at ‘The Next 500: The Growth Drivers’ — a gala event at ITC Maurya, New Delhi. Fortune India’s The Next 500 companies, which represent the revenue range of ₹800 crore to ₹2,800 crore in the 2023 edition, created new records with cumulative topline and profits hitting record highs. While cumulative profit rose a phenomenal 256%, total income grew 41% year-onyear to ₹7.77 lakh crore.

This growth in emerging companies is only an indicator of the pace of growth of the Indian economy, among the fastest-growing large economies globally.

The evening began with a panel discussion — Making the Big League — where the heads of different industries shared their ideas and insights on what it takes to make it into “The Big League” of companies in India, their expansion plans, and territories they are eyeing to tap into. Aseem Joshi, CEO, India business, GMM Pfaudler says: “A big part of being successful in this space is to know the pulse of the industry and figure out when you need to invest in capacity building and when you really need to hunker down and be more focused on margin and cost side of things.”