Deloitte India announces Enterprise Growth Awards 2024

Srinagar, Nov 5: Deloitte India has launched the irst edition of the Enterprise Growth Awards 2024 (EGA 2024), an initiative to recognise the contributions of exceptional family-owned businesses, unicorns and soonicorns in North, South, East and West India.

A statement said that these regional awards, now open for participation, will celebrate companies that demonstrate outstanding leadership, vision and growth and make significant contributions to the development of their local communities.

The awards process will carefully evaluate companies based on key criteria such as financial performance, innovation and social impact. One of the criteria for family businesses to participate is having a sales turnover between Rs 1,000 crore and Rs 5,000 crore, with significant promoter ownership (over 26 percent).

Start-ups with a valuation of between US$500 million and US$1 billion are also invited to apply. The awards will review financial records from the past three years to assess each company’s growth journey and contributions to their communities.

“Family-owned businesses, emerging growth companies, unicorns and soonicorns from various regions of India are vital to our economy, yet they often remain under-recognised. These companies play a crucial role in regional development and national progress, contributing significantly to job creation, innovation and economic growth. By launching EGA, we aim to spotlight these often-overlooked champions of the industry, providing them with the recognition they deserve. By celebrating their achievements, we seek to foster a dynamic network of high-growth companies across India, encouraging collaboration and knowledge-sharing to drive sustained advancement and support India's long-term economic growth. We encourage all eligible companies to participate and make this initiative a success," said KR Sekar, Partner and Leader – Deloitte Private, Deloitte India.