Survey helps mid-sized companies gain acceptance
Njoro Canning chairman T. K. Patel (right) and other investors during the launch of the Top 100 mid-sized companies survey at Merica Hotel in Nakuru on June 26, 2015. PHOTO | WANJIRU MACHARIA
What you need to know:
- The initiative, which is now in its eighth year, is sponsored by the Business Daily and KPMG, and targets fast-growing mid–sized companies with an annual turnover of between Sh70 million and Sh1 billion.
- He said the results of the survey were critical to policy makers in both county and national governments, non-governmental organisations, private firms, equity ventures, investment institutions and other lenders.
Mid-sized companies that participate in the annual top 100 survey have tremendously gained acceptance because the study is a major brand booster, Nakuru County Governor Kinuthia Mbugua has said.
Speaking during the official launch of the survey at a Nakuru hotel on Friday, Mr Mbugua said local firms that have taken part in the survey are among the fastest-growing in Kenya.
The survey will be carried out in six counties, with the last being held in Nairobi before the end of the year, where winners will be announced.
The initiative, which is now in its eighth year, is sponsored by the Business Daily and KPMG, and targets fast-growing mid–sized companies with an annual turnover of between Sh70 million and Sh1 billion.
“KPMG and Nation Media Group stand for integrity and fairness in business practices and are keen to see companies that participate in the survey commit themselves to conduct their business in an ethical manner. I encourage companies in Nakuru to participate in the survey and compete against other players in the industry,” said Mr Mbugua.
He said the results of the survey were critical to policy makers in both county and national governments, non-governmental organisations, private firms, equity ventures, investment institutions and other lenders.
BEAT COMPETITION
Four companies from Nakuru — Mega Pack Limited, Care Chemist, Supreme Pharmacy and Hotel Waterbuck — shrugged the stiff competition and carried the flag for the county in the final survey held in Nairobi last year.
“We had very few customers but the moment our standards of processing were benchmarked in this survey and the name of our company appeared among the top 100 mid–sized companies, our customers and suppliers developed more confidence in us and the volume of our business has since increased tremendously,” Nakuru Mega Pack General Manager Amitangush Chakraborty said.
The company, which was started in 2010, has since increased its production from 100 tonnes to 1,200 tonnes per month of packaging materials, and is giving established big boys a good run for their money.
