Press release from Business Wire India
Tuesday, July 09, 2013 07:31 PM IST (02:01 PM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Media & entertainment; Technology
Power2SME’s CEO Wins the ‘Serial Entrepreneur of the Year’ Award
R. Narayan, Founder & CEO, Power2SME bags the award at the Entrepreneur India Awards 2013, hosted by Franchise India
New Delhi, Delhi, India, Tuesday, July 09, 2013 — (Business Wire India) — Entrepreneur India Awards 2013, hosted by Franchise India, has named R. Narayan, Founder & CEO of Power2SME, the ‘Serial Entrepreneur of the Year’. The award recognizes and felicitates achievers and innovators who have contributed significantly towards the development of entrepreneurship in India.
R.Narayan has been an entrepreneur for the last 14 year and has a strong entrepreneurial track record of working closely with over 2-lakh SMEs around the country for the last 10 years. He started Power2SME, the first ‘Buying Club’ for SMEs in India with a vision of empowering SMEs and making a difference in the Indian economy. Before starting Power2SME, Narayan has set up Denave, India’s largest technology-powered sales-enabling company with customers such as Nokia, Cisco, HP, Lenovo and Microsoft.
Acknowledging the recognition Narayan expressed “Winning the Serial Entrepreneur of the Year award in this year’s Entrepreneur India Awards is a great recognition of my vision to contribute to India’s economic growth. My next goal is to make Power2SME a billion-dollar company in the next five years, considering the growth potential of the SME sector, and I accept this award with great humility and it is an honor to be amongst a group of high caliber entrepreneurs.”
A chartered accountant by training, sales and marketing professional by choice and an entrepreneur by spirit, Narayan has more than 24 years of general management, sales and marketing experience. Prior to founding Denave, Narayan worked for Microsoft India, where he managed the SME segment and distribution business of the company. He has also worked with companies like Oracle, Tata Unisys and ICI.
Power2SME’s mission is to “Empower SMEs to enable the India growth story”. It has an innovative business model which enables the small and medium enterprises to obtain the most optimal pricing for their procurement needs. The company pools the demand of hundreds of SMEs for multiple products for their business needs, thus allowing it to not only obtain the most optimal pricing but also a larger pool of quality suppliers. It buys directly from the manufacturer and sells to the SME directly, cutting out the middle link of distributors and wholesalers. The services on offer go beyond being a match making platform. Power2SME takes complete ownership of the entire order process, including taking title of the goods and ensures quality of the raw material at the best price available to SMEs. Their team comprises of experienced and specialized professionals that negotiate the prices directly with manufacturers and can obtain prices that are significantly lower than the standard market prices.It also provides an online platform that is available to its SME customers and can be accessed without any charges. The portal allows the SMEs to track all their purchases as well as undertake transactional activity such as placing new enquiries, checking price quotes submitted by Power2SME, creating/uploading purchase orders, checking status of delivery, account statement, notification of payment due etc. Power2SME has SME clients with turnover ranging from Rs 5 crores to Rs 250 crores and works with established suppliers which include Indian Oil, Arcelor-Mittal, Azko Nobel, SAIL, GAIL, Haldia Petrochemicals amongst several others. For more information, visit http://www.power2sme.com. You can also follow the company on LinkedIn (http://www.linkedin.com/company/power2sme) and Twitter (https://twitter.com/power2sme)
Akanksha Jain, power2SME, +91 9871900447, firstname.lastname@example.org
Sayan Banerjee, IPAN H+K Strategies, +91 9717085553, email@example.com
Akanksha Mathur, IPAN H+K Strategies, +91 9560069397, firstname.lastname@example.org
CONSUMER, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
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