Fastest Growing Companies in India 2023.pdf

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Agility Analysis
Understanding the Most
Crical Factors Boos?nP
S?iLest Business Growth
Prosperity Perspecves
Challenges and Opportunies
for Fastest Growing Companies to
Maintain the Growth Momentum
Vatsal Gaudani
Director
Vatsal Exports LLP
Vol 09 | Issue 03

ndia’s economic landscape is witnessing a dynamic
I
surge with the emergence of cutting-edge enterprises
leading the race for growth and innovation. As we
delve into 2023, the nation is witnessing a remarkable
transformation propelled by the success stories of
pioneering companies that stand out for their rapid growth
and groundbreaking strategies.
In this exclusive Insights Success’ edition ‘Fastest
Growing Companies in India 2023,’ we shed light on the
swift-rising stars of India’s business realm, showcasing the
fastest-growing companies that have set new benchmarks
for success. These enterprises, driven by resilience, agility,
and a keen understanding of market dynamics, have
catapulted themselves into the limelight, reshaping
industries and carving their niche in the competitive market.
The key to their remarkable success lies in their adaptive
strategies, leveraging technology, innovation, and a
customer-centric approach. With a ﬁnger on the pulse of
changing consumer demands and market trends, these
companies have transformed challenges into opportunities,
propelling themselves toward unparalleled growth
trajectories.
Moreover, these companies have embraced disruption and
have redeﬁned traditional business paradigms. They have
harnessed digitalization, AI-driven solutions, and data
UNVEILING
INDIA’S FUTURE
ACCELERATORS’
TRAJECTORY
analytics to revolutionize operations, streamline processes,
and deliver unparalleled services, setting themselves apart
as industry leaders.
Their success isn’t limited to ﬁnancial growth alone; it
resonates in their commitment to sustainability, responsible
practices, and community engagement. By prioritizing
social responsibility, they’ve not only garnered trust but
have also contributed signiﬁcantly to the socio-economic
development of the nation.
This editorial serves as a testament to the enterprising spirit
and innovative prowess of these fastest-growing companies
in India. Through their ingenuity, perseverance, and
forward-thinking strategies, they are not just marking
milestones but are also shaping the future of India’s
business landscape.
As we navigate the ever-evolving dynamics of the Indian
market, it’s clear that these companies are at the forefront,
igniting growth engines and steering the nation toward a
brighter, more prosperous future. Their remarkable
achievements serve as an inspiration and a catalyst for the
transformation of the Indian business ecosystem in the
years to come.
Editor’s Note

CONTENT
08
Propagating Quality – Today & Tomorrow
Acute Quality
Consultants (AQC)
PROFILES
Articles
World’s Most Sustainable Fashion Trailblazers of
Indian Yarn-Fabric-Garments
28
20
24
An Under Promising and Over Delivering
End-to-End Sourcing Solution Provider
UPOD Sourcing
32
Agility Analysis
Understanding the Most
S?]?al Factors Boos?vP
S?]Lest Business Growth
Prosperity Perspecves
Challenges and Opportunies for Fastest Growing Companies to
Maintain the Growth Momentum

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SEPTEMBER, 2023
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Featuring BriefCompany
Jai Kisan is a rural-focused Neo Bank whose application provides a
one-stop solution for rural businesses and individuals’ﬁnancial needs
starting with best-suited credit products.
Acute provides quality accreditation/certiﬁcation consultation,
training, awareness programs and implementation services
throughout PAN India.
Infra Market is a one-stop construction solutions company with
a vision of creating India largest multi-product construction
materials brand.
Jai Kisan
Acute Quality
Consultants (AQC)
Infra.Market
Arjun Ahluwalia,
Co-founder and CEO and
Adriel Maniego,
Co-founder and COO
Mr Malay Gurey,
Founder and
Executive Director
Satya Kaliki,
CTO
UPOD is an end-to-end sourcing solution provider catering to the
growing global demand for one-stop sourcing solutions.
Upod Sourcing
Rahul Puri,
Founder and Director
Vatsal Exports a is leading Textile Manufacturer and Exporter of
Cotton Yarns, Knitted Fabrics and Garments in India with world
class quality products.
Vatsal Exports LLP
Vatsal Gaudani,
Director
www.insightssuccess.in
Agility Analysis
Understanding the Most
Crical Factors Boosng
Swiest Business Growth
Prosperity Perspecves
Challenges and Opportunies
for Fastest Growing Companies to
Maintain the Growth Momentum
Vatsal Gaudani
Director
Vatsal Exports LLP
Vol 09 | Issue 02

World’s Most Sustainable Fashion Trailblazers of
Indian Yarn-Fabric-Garments
Vatsal Exports
has established
one of the most
advanced plants
in the texle
industry.
Vatsal Gaudani
Director
Vatsal Exports LLP

magine knowing that the garments you adorn daily
I
stem from a source where sustainability isn’t just an
ethical principle or ancient wisdom but an integral
essence woven into every strand – the ethos of Vatsal
Exports LLP, India. This comprehensive commitment
ensures that your fashion sense shines in its ﬁnest form.
Creating Highest-Quality Textiles
Vatsal Exports LLP, situated in Gujarat, India, is a
prominent ﬁgure in the textile industry, specializing in
manufacturing and exporting top-tier textile. According to
Mr. Vatsal Gaudani, they serve as a comprehensive
solution provider in the textile sector, with state-of-the-art
associate facilities to manufacture 100% cotton yarn,
knitted fabrics, and clothing.
Their premium textiles ﬁnd their way to more than 10
nations across the globe, encompassing Guatemala, Spain,
Belgium, Morocco, Portugal, Egypt, Tunisia, Bangladesh,
Vietnam, Korea, Brazil, Argentina, and Peru. Notably,
Vatsal Exports’ associated manufacturing facilities has
earned recognition as India’s premier establishments for
manufacturing premium class cotton yarn, fabrics, and
garments.
Mr. Vatsal proudly states they are certiﬁed with GOTS,
OCS, RCS, GRS, BCI, ISO and many other certiﬁcations
for their superior product range. Their commitment to
sustainable practices is evident through their ongoing
endeavors to promote the creation of eco-friendly ﬁbres.
Finest Value Assurance
The inception of Vatsal Exports took place intending to
deliver top-notch textile products to international markets.
Through its aﬃliated manufacturing facilities, textile
enterprises can access optimal pricing and industry
expertise, stay updated on market trends, and trade
premium-grade materials. Vatsal Exports LLP’s associated
spinning facilities are recognized as some of the most
outstanding in Gujarat, India, boasting excellence in both
quality and infrastructure.
The overarching ambition of Vatsal Exports is to emerge as
a premier global manufacturer and exporter of Raw Cotton,
Cotton Yarn, Knitted Fabrics, and Garments with zero
quality complaint. According to Mr. Vatsal, their commit-
ment extends beyond just the products. They oﬀer a post-
sales quality assurance program that solidiﬁes their
reliability and approachability as textile partners.
A Caring Leadership
In 2016, Mr. Vatsal embarked on his professional journey as
the Managing Partner of Sky Spintex Pvt Ltd, India’s
foremost cutting-edge textile establishment. Fast forward to
2021, he took a signiﬁcant stride by establishing his textile
venture, Vatsal Exports LLP, showcasing his substantial
progress over the years.
Demonstrating leadership prowess, Mr. Vatsal consistently
surpasses the boundaries of his role, to attain remarkable
success since 2016. Positioned as capable, youthful, and
fervently technology-oriented, Mr. Vatsal’s unwavering
fascination with India’s cultural heritage led him to venture
into textile entrepreneurship.
Reinventing the Rich Heritage of Indian Textile and
Crafts
Explaining the driving force behind his foray into the textile
manufacturing and export realm. Mr. Vatsal elucidates that
the Indian textile industry holds a prominent position
globally due to its extensive reserves of raw materials and
textile manufacturing capabilities. However, he notes that
the sector currently operates in an unorganized manner.
Within the Indian textile industry, access to contemporary
technology is limited, particularly for smaller-scale
enterprises, leading to a struggle to meet international
benchmarks within the ﬁercely competitive market. A
noteworthy comparison arises when looking at the average
We are a
complete te??o
soluon provider,
manufacturing
100% c}?on yarn,
lv]?ed fabrics and
apparel in modern
facilies.

scale of apparel units in India, with merely around 100
machines per factory, in stark contrast to any other country
with an average of at least 500 machines per establishment.
The resultant challenges have led to a lack of signiﬁcant
enthusiasm from foreign investors to invest in this sector,
thereby raising concerns.
Recognizing the vast potential of the textile sector, Mr.
Vatsal underscores the importance of harnessing innovation,
advanced technology, and facilitative measures. His deep-
rooted fascination with India’s textile heritage and crafts-
manship serve as a motivating factor, propelling his vision
to position Indian textiles at the forefront of the global
textile market in every conceivable aspect.
Resonating Dynamism
Shedding light on the distinctive features of his enterprise,
he emphasizes their steadfast adherence to core principles
while remaining adaptable to the ever-evolving nature of
the textile sector. Our team collaborates closely with cotton
to conceive and craft top-tier products. “Our clientele can
rely on us for an accessible and dependable service
encompassing sourcing, product development, printing, and
packaging, all while staying attuned to the swift evolution
of the textile industry,” he elaborates.
Additional notable aspects encompass:
ŸDedication to unwavering customer commitments,
ŸA proactive and dynamic team,
ŸStreamlined and hassle-free services,
ŸRound-the-clock customer support,
ŸDelivery of premium-quality products.
Within the textile industry, Vatsal Exports LLP has notable
state-of-the-art associate facilities that stands out as one of
the most advanced. Mr. Vatsal elaborates: “We have
achieved this feat by incorporating cutting-edge technology
in our manufacturing units, a result of innovative eﬀorts by
our team, and this is reshaping the industry landscape.”
A Constant Consumer Connect

Highlighting the immersive advantages inherent in their
services, Mr. Vatsal underscores how they actively
contribute to enhancing their clients’ enterprises. Their
portfolio encompasses imaginative conceptualizations, the
provisioning of superior-quality materials for production,
expedited delivery, seamless service experiences, as well as
a commitment to honesty and transparency. “These
attributes facilitate a strong connection with our
customers,” Mr. Vatsal remarks.
Vatsal Exports is
producing garments
made with natural
ﬁbre fabrics like
hemp, coir,
banana ﬁbre,
Tencel, organic
c}?on, etc.

These outcomes are a direct result of the comprehensive
vision, mission, and values Mr. Vatsal has carefully deﬁned
for his company. Vatsal Exports LLP aspires to emerge as
the global frontrunner in the textile industry, oﬀering
opulent and environmentally-friendly textiles infused with
inventive concepts and top-notch quality. Asserting their
position as prominent ﬁgures in the textile realm, Mr. Vatsal
emphasizes that catering to their client’s requirements takes
precedence. He aﬃrms, “Whether it pertains to quality,
pricing, or any unique needs, we are dedicated to sourcing
the optimal textile materials for you. Our team will identify
the ideal match that paves the way for your business
triumph.”
A Robust Brand of Sophistication
Likewise, the organization’s objective is directed towards
crafting a gratifying buying journey for customers.
Tirelessly, the company has been devoted to developing a
transformative product with the potential to impact
countless lives. Additionally, the team is resolute in
constructing a brand that embodies both resilience and
reﬁnement. Mr. Vatsal assures, “By means of innovative
resolutions, our aim is to address our clients’ requirements
and uphold the utmost standard of excellence.” He adds
their values at the core:
•Integrity; •Proﬁciency; •Teamwork; •Client Success;
•Innovation; •Respect; •Eﬃciency; and •Trust.
Vast Impact
Undoubtedly, the initial phase came with its set of chal-
lenges. At the outset, the endeavour of shaping, evolving,
and honing their vision within the expansive landscape of
the textile industry presented the primary hurdles upon
entry.
“Establishing a profound inﬂuence as a startup, devising
and executing a business strategy, and ensuring the
dissemination of high-caliber products and services across
the market – all these challenges have been triumphantly
surmounted within a remarkably short span,” remarks Mr.
Vatsal. He goes on to highlight that the most signiﬁcant
remaining challenge revolves around assembling a team of
exceptional performers who share an alignment with the
organization’s overarching vision, mission, and cultural
aspirations.
Tech-redeﬁned Fabrics of Times
Drawing from his extensive leadership experience,
Mr.Vatsal oﬀers insights on how technology is revolutioniz-
ing the industry and what forthcoming advancements hold.
The evolution of technology across spinning, knitting,
weaving, dyeing, ﬁnishing, and printing processes has
ushered in a new era of eﬃciency, ecological
Vatsal Exports is
exporng its
ﬁnest tex?o?
to Ten+ naons
worldwide.

consciousness, and cost-eﬀectiveness in the production of
yarn, fabric, and garments. This transformative inﬂuence
extends to encompass superior-quality ﬁbres and textiles
infused with the capabilities of artiﬁcial intelligence (AI).
“These strides are on the brink of reshaping our perceptions
of textiles and the methodologies behind their creation,” he
adds. Indeed, this domain stands as one of the most
dynamic and ever-evolving industries to date.
Transformational Insights
Oﬀering guidance to those aspiring to step into the realm of
business, Mr. Vatsal suggests that rather than solely
focusing on the growth of your enterprise, strive to establish
yourself as a trailblazer within the industry. Redeﬁne the
industry’s landscape, ushering in transformation, motiva-
tion, and leadership while fostering meaningful connections
and innovations that harmonize with your vision and
objectives. He further underscores the importance of
maintaining a learner’s mindset, noting, “We are all in a
perpetual state of learning. This signiﬁes your willingness
to be guided, inspired, and play a role in facilitating the
growth of others too.”
Future Response Expansion
When envisioning the future expansion of Vatsal Exports’
operations and oﬀerings, he shares that in response to
heightened client demand, their plan involves augmenting
yarn production by 50 metric tonnes daily. This ampliﬁca-
tion will be facilitated by expanding the installation
capacity to 54,320 spindles by April 2025.
Vatsal Exports’ associated manufacturing units currently
house a facility equipped with 27,360 spindles capable of
producing 23 metric tons daily. Additionally, their
Garment Facility, equipped with cutting-edge stitching
technology, boasts a production capacity of 28,000 pieces
per day. Furthermore, there is a forward-looking aspiration
to initiate the production of garments crafted from natural
ﬁbre fabrics such as hemp, coir, banana ﬁbre, Tencel, and
organic cotton.
Mr. Vatsal concludes by emphasizing his dedication and
ambition, underlining their commitment to continuous
growth and success.
We hold
8+ c??.?}v?
for our
high-quality
range, including
GOTS, Organic
100, BCI, and
ISO.

Clients’ Testimonials:
*“Their products are phenomenal, and they provide
excellent customer service. When compared to the market
or malls, you will get the best deal and products. I really
liked their yarn, the quality, and the softness, and I am
pleased with the products and the hassle-free services they
provide.”
*“It’s been great working with the ‘Vatsal Exports LLP
team. We have always found them truly available for any
service at any point of time. We appreciate the work culture
that these guys follow. The rates quoted are realistic and
pretty much competitive. The edge over other textile
suppliers and ‘Vatsal Export’ is the fulﬁlment of commit-
ment irrespective of the ups and downs of the market. Our
wishes are with them for future prospects, and we hope to
work long-term with such a young and dynamic company.”
*“We are delighted to have a young, tech-savvy textile
partner like Vatsal Exports. They always fulﬁl customers’
demands and queries because they have a strong and 24*7
responsive workforce. Always eager to take on new projects
and experiment with new products for their clients. Order
follow-up and weekly updates help us stay on top of the
fabric market. Fabric prices are excellent, and delivery is
prompt. Mr Vatsal (the founder) has become a dear friend
who has worked tirelessly to bring about this change in the
textile industry. We wish them the best of luck in their future
endeavours. They have our back.”
*“Vatsal Exports LLP has made my job much easier. I didn’t
have to many places to ﬁnd my products. They made it
simple for me to obtain my products. Their team is
extremely pleasant, cooperative, and hardworking. They
possess proven ability and extraordinary customer support.
I’d be delighted to inform and recommend others about
“Vatsal Exports LLP” as Gujarat’s fastest-growing textile
exporters of quality products.”
For more information,
please click on or email https://vatsalexports.com/
at [email protected] or connect @ +91 99783 97800

Adaptive Strategies: Companies attaining swift growth
exhibit a penchant for adaptive strategies. Flexibility in
business models, product innovation, and market approach
allows them to swiftly pivot in response to customer
demands and industry trends. These companies are quick to
identify opportunities, capitalize on emerging trends, and
recalibrate strategies when needed.
Technological Integration: Embracing cutting-edge
technologies and integrating them into business operations
is paramount for swift growth. From AI-driven analytics to
cloud-based solutions, companies leveraging technology
gain a competitive edge. Tech integration not only enhances
eﬃciency but also enables real-time data-driven decision-
making.
Understanding qeb
Most Critical
Factors Boos?vP
Swiftepq Business
Growth
Agility Analysis
n the ever-evolving landscape of business, agility
I
stands as a deﬁning factor for sustainable growth and success. The ability to swiftly adapt, innovate, and
respond to changing market dynamics is now a critical
determinant for companies aiming to thrive in the
competitive ecosystem. As we delve deeper into
understanding the intricacies of swift business growth, it
becomes evident that certain pivotal elements drive and
sustain this agility.
Agile Leadership: The cornerstone of swift business
growth lies in leadership that embraces adaptability and
innovation. Agile leaders foster a culture of ﬂexibility, open
communication, and experimentation within their
organizations. Their visionary guidance ensures quick
decision-making, empowering teams to respond promptly
to market shifts.
Customer-centric Approach:
Prioritizing customer needs and preferences is pivotal for sustained growth. Businesses that listen, understand, and respond to customer feedback can adapt their products or services swiftly. Continuous
customer engagement and
personalized experiences foster
loyalty and drive growth.
Agility in Operations:
Streamlined and adaptable
operational frameworks are
crucial for swiftness. Agile
methodologies such as Scrum or
Kanban in project management
enable faster iterations, eﬃcient
workﬂows, and quicker
problem-solving. Companies
that prioritize agility in their
operations can pivot swiftly and
scale rapidly.
Talent and Culture: The
workforce plays a signiﬁcant
role in fostering agility.
Companies fostering a culture of
innovation, learning, and
empowerment attract top talent.
An agile workforce encourages
collaboration, creativity, and
adaptability, driving the
organization forward.
Risk Management: Swift-
growing companies understand
that calculated risk-taking is
essential for growth. They have
robust risk management
strategies that allow them to
anticipate, mitigate, and leverage
risks to their advantage. A
proactive approach to risk
assessment helps in navigating
uncertain times eﬀectively.
20 | September, 2023 21 | September, 2023

Strategic Partnerships: Collaboration with strategic
partners, suppliers, and ecosystem stakeholders facilitates
agility. Partnerships enable access to new markets,
resources, and expertise, aiding in quick expansion and
innovation.
Navigating Growth
Understanding and leveraging these critical elements of
agility pave the way for swift business growth. Agility isn’t
just about moving fast; it’s about being nimble, responsive,
and future-ready.
Companies that prioritize adaptability, innovation, and a
customer-centric approach are strategically positioned to
excel in today’s rapidly evolving business landscape.
Here’s how these core pillars contribute to their success:
Adaptability: In an ever-changing market, adaptability is
crucial for survival. Companies that remain ﬂexible and
agile can swiftly respond to shifts in consumer preferences,
technological advancements, regulatory changes, and
economic ﬂuctuations. They can modify strategies,
restructure operations, and pivot business models to stay
relevant and competitive.
Innovation: Continuous innovation is the lifeblood of
successful companies. Those that prioritize innovation
constantly seek ways to enhance products, services, or
processes. By fostering a culture that encourages creativity
and problem-solving, they can introduce groundbreaking
ideas, disrupt industries, and stay ahead of the curve.
Innovation drives growth and helps companies address
emerging challenges eﬀectively.
Customer-centric Approach: Placing customers at the core
of business decisions is paramount. Companies that deeply
understand their customers’ needs, pain points, and
preferences can tailor oﬀerings to meet and exceed
expectations. By providing personalized experiences,
addressing feedback, and building lasting relationships,
they create loyal customer bases that drive sustained
success.
Flexibility in Operations: Being adaptable internally is as
crucial as responding to external changes. Businesses that
adopt agile methodologies in their operations can quickly
adjust workﬂows, prioritize tasks, and collaborate
eﬀectively. This ﬂexibility enhances productivity,
accelerates decision-making, and enables faster responses
to market demands.
Risk Management: Successful companies understand the
importance of calculated risk-taking. They have robust risk
management strategies that allow them to assess potential
risks, mitigate them, and leverage opportunities eﬀectively.
This approach enables them to navigate uncertainties and
challenges with conﬁdence.
Talent Development and Culture: A workforce that
embraces change and innovation is vital. Companies that
invest in talent development, foster a culture of learning,
and encourage employee creativity are better equipped to
adapt to evolving market landscapes. Empowered
employees drive innovation, oﬀer fresh perspectives, and
contribute to the company’s growth.
Strategic Partnerships: Collaboration with strategic
partners and ecosystem stakeholders broadens opportunities
and resources. Companies that form alliances, joint
ventures, or collaborations gain access to new markets,
technologies, and expertise. These partnerships foster
innovation, accelerate growth, and open doors to new
possibilities.
The Vital Elements Driving Business Future
By integrating adaptability, innovation, and a customer-
centric mindset into their ethos, companies not only
navigate challenges eﬀectively but also seize opportunities
proactively. This holistic approach allows them to remain
resilient, responsive, and well-positioned to thrive amidst
the dynamic and competitive business environment.
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22 | September, 2023

A
s Dr Babasaheb Ambedkar said, “Life should be
great rather than long,” the quality of life and
everything in our lives matter more than the
quantity. Quality of our standard of living, health, ﬁtness,
profession, knowledge, and the businesses we establish
matters the most than anything else.
Further, quality is not a ﬁxed state. It has to be augmented
with each passing moment and maintained as always. It
could be surmised in the axiom, “Quality Yesterday, No
Longer Quality Today.”
This philosophy is at the core of Acute Quality Consul-
tants (AQC) - a leading provider of specialized quality
consulting services to the healthcare and industry sectors.
Quality – A Journey, Not a Destination
Mr Malay Gurey, the Founder and Executive Director,
says, “With a commitment to excellence and a focus on
delivering tailored solutions, we help organizations across
various industries optimize their quality management
systems, enhance operational eﬃciency, and achieve
sustainable growth, certiﬁcations and accreditations.”
Acute Quality Consultants oﬀers a wide range of quality
management consulting services with specialization in
(NABL as per IS/ISO/IEC 17025–Testing & Calibration
Laboratories), (NABL as per ISO 15189–Medical Laborato-
ries), NABH, CAP, JCI, AABB certiﬁcation/accreditation
etc. The organisation provides Quality accredita-
tion/certiﬁcation consultation, training, awareness programs
and implementation services throughout Pan-India.
Acute Quality Consultants Vision
Committed to being the undisputed leader in providing
peerless quality consulting services in an eﬃcient, cost-
eﬀective and timely manner, maintaining the highest
professional and ethical standards and aspires to be the
Global Consultancy Benchmark for value creation and
providing solutions for a better tomorrow.
Acute Quality Consultants Mission
Mr Malay adds, “In AQC, we belief in the earlier quotes
and continually strive to improve our insights regarding
quality and standard requirements and continually assimi-
late the latest developments in the ﬁeld of quality, assisting
our client organizations - achieve, maintain their goals and
improve upon existing processes thereby realizing full
beneﬁts of accreditation and certiﬁcation.”
Mr Malay, an engineering graduate in the ﬁeld of Biotech-
nology, having experience of more than ten years in the
relevant ﬁeld, initiated AQC. He started as an executive in a
reputed consultancy ﬁrm and, in the year 2019, began the
consultancy house Acute Quality Consultants, dedicated to
propagating quality today and tomorrow. Malay achieved
more than 500 assessments and dedicated himself towards
the growth and improvement of various quality aspects of
clients. Notably, he has consulted over 200 clients on a Pan-
India basis and plans to provide services in an international
ﬁeld, with the ﬁrst steps being taken from Nepal.
Propagating Quality – Today & Tomorrow
Fastest Growing Companies in India 2023
Aspiring Perfection
Sharing his inspirations behind venturing into the quality
consultancy business, Mr Malay says his motivation was
many. He was deeply passionate about acquiring signiﬁcant
expertise and experience over the years. He wanted to share
his knowledge to help others. Starting a consultancy
allowed him to leverage his expertise and make a positive
impact by providing guidance and solutions to clients
facing challenges in their respective domains.
Also, the desire for independence and the freedom to make
his own decisions motivated Mr Malay. By starting a
consultancy, he had greater control over his work, choosing
clients and deciding on the projects to take on. “This
freedom allowed me to shape my professional path, creating
a work-life balance that suited me,” says Mr Malay.
Consultants are problem-solvers by nature, and so is Mr
Malay. He enjoys tackling complex issues and ﬁnding
innovative solutions. He adds, “The challenge of working
on diverse projects and helping organizations overcome
hurdles has always been highly fulﬁlling. Starting a
consultancy allowed me to take risks, build a team, and
scale our operations over time. It provided a platform to
translate our collective ideas and vision into reality.”
Assured Excellence
Sharing its USPs that make AQC stand out as a fastest
growing consulting service provider, Mr Malay says,
“There are many, including-”
*Exceptional client service: Focus on delivering outstand-
ing client service at every touchpoint.
*High-quality oﬀerings: “Ensuring that our services are of
the highest quality, we implement rigorous quality control
measures,” says Mr Malay. It helped AQC deliver consis-
tently superior oﬀerings, establishing its reputation as a provider that values excellence.
*Innovation and uniqueness: AQC diﬀerentiates itself by
oﬀering innovative and unique solutions.
*Speed and eﬃciency: Guided by Mr Malay, the team
AQC emphasized quick turnaround times and eﬃcient
processes. They streamlined their operations, optimized
workﬂows, and invested in tools and technologies that help
them deliver faster results. “Being known for our speed and
eﬃciency, we attracted time-sensitive customers like
Sumant Kumar Testing Lab; Heritage Institute of
Medical Science; Aloka Medicare Pvt Ltd; Bharat
Foundation; Dr. Abg's Pathoscan Center Pvt Ltd;
Envision Enviro Technologies North East; M. L. Jain
Diagnocare; Nemcare Hospitals Pvt Ltd; Organ
Diagnostic Centre; Orchid Medical Centre Private
Limited; Vida Diagnostics Pvt Ltd; Health Accurate
Diagnostic; Clinical Laboratory (Kjr Genetics Private
Limited); Dr. Roy's Diagnostic Center Pvt Ltd;
Zeusnjove Diagnostics LLP; Nirnayan Health Care
Private Limited; and KPC Medical College & Hospital,”
shares Mr Malay.
With a commitment to excellence
and a focus on delivering tailored
solutions, AQC helps organizations
across various industries optimize their
quality management systems, enhance
operational efficiency, and achieve
sustainable growth, certifications
and accreditations.
24 | September, 2023 25 | September, 2023
Mr Malay Gurey,
Founder and
Executive Director

*Transparent and fair pricing: AQC established transpar-
ent pricing structures that oﬀer value for money. Mr Malay
adds, “We clearly communicate our pricing policies, avoid
hidden fees, and provide detailed breakdowns of costs.
Being transparent and fair builds trust and credibility with
our clients.”
*Strong online presence: AQC has a strong online
presence through an engaging website, an active social
media presence, and positive client reviews. It utilizes
digital marketing strategies to reach a wider audience and
showcase its expertise.
Prevailing Over Adversities
While there were certain challenges which the AQC team
had to overcome to reach new heights of success. Develop-
ing expertise in various domains of testing and calibration
is crucial for providing eﬀective consultancy services. “We
overcame our initial challenges by acquiring and expanding
our knowledge base to cover a wide range of industries and
their speciﬁc requirements,” informs Mr Malay.
Acquiring clients in a competitive market was also
challenging. AQC developed eﬀective marketing and
networking strategies to reach potential clients, highlight its
unique value proposition, and convince them to choose
AQC as their trusted partner.
Mr Malay adds that they are overcoming these challenges
with their dedication, continuous learning, eﬀective
marketing, and a commitment to delivering high-quality
consultancy services. “It is important to remain adaptable,
responsive to client needs, and always strive for excellence
in your ﬁeld of expertise. That is exactly what we did and
are still doing,” he explains.
Advanced Tech Adoption
Being an experienced leader, he opines how technology is
transforming the industry and what advancements can be
expected in the future. Technology has enabled the
automation and digitization of various processes. Also, the
COVID-19 pandemic accelerated the adoption of remote
auditing and virtual inspections.
“We provide quality consultancy services,” says Mr Malay.
They include
ŸNABL Accreditation Consultancy Services for Medical
and Industrial Laboratories
ŸNABH; CAP; JCI; and AABB Accreditation
ŸISO Certiﬁcation
ŸTurn Key Project Consultancy
ŸQuality, Operations, and System Implementation
ŸManpower Consultancy
Adept Advice
If you want to venture into the quality consultancy ﬁeld, here
is Mr Malay’s advice to help you get started.

~Develop a strong foundation: Gain a solid understanding
of quality management principles and methodologies such as
Six Sigma, Lean, ISO standards, and other relevant frame-
works. Acquire the necessary knowledge through formal
education, certiﬁcations, and practical experience.
~Build industry expertise: Identify the industries you want
to specialize in and become knowledgeable about their
speciﬁc quality requirements, regulations, and challenges.
This will help you position yourself as an expert in those
sectors and provide tailored solutions to your clients.
~Network and build relationships: Attend industry
conferences, seminars, and workshops to connect with
professionals in the quality ﬁeld. Join relevant associations or
organizations to expand your network and stay updated on
industry trends.
“Develop eﬀective communication skills; Stay updated and
adapt; Focus on providing tangible value to your clients;
Market yourself eﬀectively; and ﬁnally, Commit to lifelong
learning and continuous improvement. Stay curious, seek
new knowledge, and invest in professional development
opportunities. This will enhance your skills and keep you
ahead of industry changes and ensure your consultancy
remains relevant and valuable,” adds Mr Malay.
An Astute Idea
On envision scaling AQC’s operations and oﬀerings in the
future, Mr Malay and his team are considering a solid
roadmap. They are evaluating their operations, identifying
target markets to expand into, creating a comprehensive
growth strategy, investing in developing the skills and
expertise of their consultants to meet the evolving demands
of clients, leveraging technology to streamline their opera-
tions further, building strategic partnerships, further enhanc-
ing marketing and branding activities, fostering a long-term
client relationship, and regularly reviewing their growth
strategy to monitor KPIs.
“In short, we are prepared to make adjustments and adapt
our approach based on market trends, client feedback, and
internal insights,” concludes Mr Malay.
26 | September, 2023

Prosperity Perspecves
n the ever-evolving landscape of business, achieving
I
rapid growth is a signiﬁcant accomplishment.
However, maintaining this growth trajectory is equally
challenging and crucial. Fastest-growing companies often
face a delicate balancing act between managing challenges
and leveraging opportunities to sustain their upward
momentum.
Embracing Growth Challenges
Scaling Operations Eﬃciently: Rapid expansion often
strains existing resources and systems. Companies need to
scale operations, processes, and infrastructure in tandem
with their growth to avoid bottlenecks and ensure seamless
functioning.
Talent Acquisition and Retention: As companies grow,
attracting and retaining skilled talent becomes crucial.
Talent scarcity and competition for top professionals pose
challenges, making it essential to implement robust
recruitment and retention strategies.
Maintaining Quality amid Expansion: Balancing rapid
growth with maintaining product or service quality is a
signiﬁcant challenge. Companies need to uphold their
standards even as they expand to new markets or increase
production.
Financial Management: Managing ﬁnances becomes
complex during growth phases. Ensuring a healthy cash
ﬂow, securing funding for expansion, and wisely investing
proﬁts are key to sustaining growth.
Adapting to Market Changes: External market shifts,
changing consumer behavior, regulatory alterations, or
technological advancements can impact growth.
Companies must remain agile to adapt swiftly to these
changes.
Challenges aka Opportunities
foo
Fastest Growing
Companies ql Maintain
qeb Growth Momentum
28 | September, 2023 29 | September, 2023
Leveraging Growth Opportunities
Innovation and Diversiﬁcation: Continued innovation
helps companies stay ahead. Diversifying product lines or
services, exploring new markets, or embracing disruptive
technologies are avenues to sustain growth.
Strategic Partnerships and Collaborations: Forming
alliances or partnerships can oﬀer access to new markets,
resources, or technologies, accelerating growth.
Collaborations with complementary businesses can be
mutually beneﬁcial.
Focus on Customer-centricity: Companies that prioritize
understanding and addressing customer needs retain a
competitive edge. Investing in enhancing customer
experiences, gathering feedback, and personalizing
oﬀerings fosters loyalty and sustains growth.
Agility and Adaptability: Agility allows companies to
swiftly pivot strategies in response to market changes or
unforeseen circumstances. An adaptable approach helps in
seizing emerging opportunities eﬀectively.
Investing in Talent and Culture: Nurturing a culture of
innovation, learning, and inclusivity attracts and retains top
talent. Employees drive growth; investing in their
development contributes to sustained success.
Balancing Growth in the Face of Challenges and
Opportunities
Maintaining growth momentum amidst challenges requires
a strategic and holistic approach. Fastest-growing
companies need to embrace change, innovate consistently,
leverage opportunities, manage risks eﬀectively, and
prioritize customer satisfaction. By fostering a culture of

Financial
paperwork
strategy
agility, innovation, and adaptability while addressing
challenges proactively, these companies can sustain their
growth trajectory and remain competitive in a dynamic
business landscape.
Fastest-growing companies stand at the forefront of
dynamic industries, constantly navigating through a
landscape characterized by rapid changes and ﬁerce
competition. To sustain their growth trajectory and stay
ahead in the game, these enterprises need to adopt several
fundamental strategies:
Embrace Change
Agility: Fast-paced industries demand companies to be
nimble in their approach. They should readily adapt to
market shifts, technological advancements, and evolving
consumer demands.
Adaptability: Embracing change involves a willingness to
pivot strategies, restructure processes, and evolve business
models swiftly based on emerging trends or challenges.
Consistent Innovation
Continuous Improvement: Innovation should be ingrained
within the company culture. Regularly enhancing products,
services, and operational methods keeps the company
relevant and competitive.
R&D Investment: Allocating resources to research and
development fosters a culture of innovation, encouraging
breakthroughs and keeping the company at the forefront of
industry trends.
Leverage Opportunities
Strategic Vision: Identifying and seizing opportunities for
growth, whether it’s expanding into new markets,
leveraging emerging technologies, or capitalizing on
strategic partnerships, helps propel the company forward.
Market Insight: Understanding market dynamics and
consumer behavior enables companies to anticipate trends
and position themselves advantageously.
Eﬀective Risk Management
Risk Assessment: Identifying potential risks, whether they
are market-related, operational, or ﬁnancial, allows
companies to proactively mitigate these risks and minimize
their impact.
Contingency Planning: Having contingency plans in place
helps businesses navigate unforeseen challenges while
ensuring minimal disruption to operations.
Prioritize Customer Satisfaction
Customer-centric Approach: Focusing on understanding
and meeting customer needs ensures loyalty and trust.
Providing exceptional service and experiences builds a
loyal customer base.
Feedback Integration: Constantly gathering and
integrating customer feedback allows companies to improve
their oﬀerings, making them more aligned with customer
expectations.
Sustaining Success in Rapid Expansion: Strategies of
Fastest-Growing Companies
In the dynamic world of business, achieving rapid growth
stands as a notable achievement. Yet, for the most rapidly
expanding companies, preserving and capitalizing on this
momentum is just as essential. These corporations don’t
settle for mere success; they persistently seek strategies that
guarantee ongoing growth, stability, and sustained
signiﬁcance in the market.
One key hallmark of the fastest-growing companies is their
ability to adapt swiftly to market changes. These enterprises
maintain their growth momentum by staying agile,
promptly adjusting strategies, and embracing change to
match evolving industry landscapes.
A commitment to innovation remains a core tenet for
sustaining growth momentum. These companies understand
that to stay ahead, they must consistently innovate, invest in
research and development, and introduce groundbreaking
solutions that address emerging market needs and
technological advancements.
Another pivotal strategy employed by these companies
involves diversiﬁcation and expanding into new markets or
verticals. By exploring diverse market segments or
product/service lines, they reduce reliance on a single
revenue stream, thereby mitigating risks and ensuring
sustained growth.
30 |July, 2023

I
n a constantly changing world, for all your lifetime,
whenever anyone asks who are you, your name reﬂects
more than your personal and national identity. The sum
total of your entire personality projects your cultural
identity. You may be travelling all around the world,
thinking you are out of your culture, but your culture
resides in you always and forever.
That is why in a global village, you ﬁnd yourself culturally
connected or disconnected at certain places. To deal with it,
immigrants often keep with them numerous artefacts
reminding them of their roots.
Similarly, people from diﬀerent cultures want to
understand, learn, and know about other cultures. Like
westerners trying to comprehend the vast expanse of Asian
cultures and their age-old wisdom. In eﬀect, they want to
buy or source cultural items from South Asian countries
like India, Sri Lanka, Bangladesh, Myanmar, Malaysia,
Thailand, Indonesia, Taiwan, China, Japan, and South
Korea. Most importers and exporters look at these
culturally enamored peoples' emotional exchanges as
another proﬁt-making commercial business. Thus, almost
all the time, they ‘over promise and under deliver’.
UPOD Sourcing's Founder and Director, Mr Rahul Puri,
experienced it ﬁrst-hand. Mr Puri comes from a ﬁnancial
background. However, he has been in the industry for about
eight years and started his career by working with a
company based in the USA as their representative in India.
The company dealt in textiles, ornaments, indoor and
outdoor home décor, and handicraft. It worked with eight to
nine factories from south and north India, procuring
diﬀerent materials for its US clients. Mr Puri dealt with
everyone and everything from the company's procurement
processes to managing their entire supply chain.
Erasing the Cultural Mismatch
An avid explorer of cultures all around the globe, with time,
Mr Puri, with his keen observations, learned and
experienced the cultural gaps between countries, which
makes conducting business overseas diﬃcult. Like,
American and European markets had certain expectations
regarding sourcing materials/ ﬁnished products from Asian
countries. However, what they received from exporters had
not always met their expectations. Intending to bridge this
gap, Mr Puri and his extremely professional team including
Dipti Kishore, Business Development Head, and
Anupam Shukla, Operations Head introduced Under
Promise Over Deliver (UPOD) Sourcing.
UPOD is a sourcing company that helps wholesalers
worldwide import from India. "We help them with their
entire supply chain from Product development to shipments
delivered to their warehouse," informs Mr Puri. UPOD
specializes in home furnishings and home decorative
products. Its métier includes home decor, designer
tableware, utility products, lighting (lamps and
lanterns), home fragrance and incenses, garden
accessories, carving products, and kitchenware products
from diﬀerent parts of India.
What and how exactly UPOD and Mr Puri underpromise
and overdeliver could be surmised from Angela Walls'
testimonial. "Georgetown Home & Garden LLC is an
import and wholesale company dealing in indoor and
outdoor décor. My company is 18 years old, and I have
mostly imported products from China.
I met Mr Rahul Puri in 2019 at a trade fair in Atlanta.
Later that year, I travelled to India to attend the New Delhi
Fair and elected to use Mr Puri from UPOD Sourcing as
our representative for orders for goods made for my
company.
As I spoke to multiple vendors throughout the fair, Rahul
accompanied me and often raised questions and issues that
I had not considered, even with my 35 years of buying
experience. I will not hesitate to use Rahul's services in the
future and highly recommend UPOD Sourcing.”
Showcasing the Indian Cultural Heritage to the World
Thus, UPOD is an end-to-end Sourcing Solution provider
catering to the growing global demand for one-stop
sourcing solutions. It serves a wide range of international
clients, including importers, various brands, retailers, and
e-commerce businesses.
According to Mr Puri, India has a rich culture and heritage
renowned worldwide. The creative manufacturing sector
with handicrafts and handloom products in India is in
demand domestically and internationally. The handicrafts
sector is the second largest employer after agriculture in
India. It holds huge potential for sustainable livelihoods for
artisans spread over the length and breadth of the country.
UPOD has helped customers by looking at expanding their
growth capabilities in Home Decor, Home Furnishings and
Handicraft products from India. Mr Puri shares, "We can
help our customers get designed exclusive products in
collaboration with the manufacturers that reﬂect the passion
and originality in every dimension."
The highly experienced team of designers and artisans
develop a range of customized designs in accordance with
SOURCING
An Under Promising and Over Delivering
End-to-End Sourcing Soluon Provider
the procurement requirements of the customers. Deepti
adds, "We have earned a reputation of being among the
competent service-oriented company."
"We support our customers through the entire sourcing
process from ﬁnding the right vendor to shipment and
delivery, by meeting their price targets, providing quality
assured products, and oﬀering highly buyer-focused
services," says Anupam.
A Journey of Mastering the Procurement Art
Reﬂecting on their journey, Mr Puri says, "I feel we entered
the market at the best and worst time as we saw the decline
in demand from the traditional customers and an increase in
the demand from newcomers in the industry."
"That allowed us to make the best use of the surging
demand and adapt to the change in the industry," adds Dipti.
While Anupam says, "As they say, 'Change is the only
constant', and we need to adapt and excel."
UPOD's USP in terms of services is providing complete
transparency from the start of the manufacturing cycle,
where the product is made, to the containers/shipments
being delivered to customers' warehouses worldwide.
Mr Puri says, "We want to understand the customer's vision
and bridge the gap between India and the importing
country to the best of our abilities. We want to customize
the solution as per their brand vision. In a world catching
up with AI, we still believe a personal touch is important.”
Like its name, UPOD is
under promising and
overdelivering end-to-end
s}urinP s}lu?}ns to a wide
range of clients–importers,
various brands, retailers,
and e-commerce businesses
globally.
Mr Rahul Puri
Founder and Director
32 | September, 2023 33 | September, 2023

Dipti furthers that as their names say, they want to 'Under
promise and Over deliver.' They entered the market because
it was being done otherwise. Anupam insists that they want
to exceed their client's expectations regarding timely
delivery and quality product.
A Personal Touch
In terms of oﬀerings from product developments to
shipments reaching their warehouse and only to B-B
customers. Sometimes importing into a country and setting
up the supply chain for smooth functioning can be very
complicated. Mr Puri explains, "We want to simplify the
same for products manufactured in India to the world. And
that is the problem we are solving." From a concept of a
product to the shipments delivered to their warehouse.
Sourcing is an industry in which many companies want to
automate the process, but still, you need that human touch
to it because people working overseas do not want to
interact with a computer. They want a real face behind the
computer to understand their emotions/feelings about the
brand. And also understand their vision. "Our team also
helps them at the design, concept stage and brainstorming.
With technology, we also want to give a personal touch to
the service," Dipti says.
Again, technology is important. Mr Puri says they will see how exactly advanced techs like AI&ML can impact the
industry in the upcoming days, weeks and months. He adds, "Yet, we have already started adapting AI into our
operational work. I think it is important to learn the technology before using it."
"There will always be a good and bad and how you can
make the good ﬁt at your work," states Anupam.
Solving Problems with Authenticity
Speaking about the challenges, Mr. Puri says they will
always be there, and so will be opportunities. "We see
challenges as opportunities, and that is what keeps us
ahead in the game," she says. While Deepti adds that there
are always challenges when dealing with manufacturers
around India and making them match the expectations of
the West.
In his advice to budding entrepreneurs who aspire to
venture into the Sourcing and Procurement solution space,
Mr Puri says, "I learned a lot from new companies entering
the space. So, I would suggest that if you have something in
mind - go the extra mile. It is never crowded.”
Going the Extra Mile
UPOD, Rahul and his team's excellence in overdelivering
could be seen from another client's testimonial. Bernard M.,
the Director of Supply Chain Management at Restall –
Perrin street, said in his review, "I have been working with
UPOD for about 18 months. Rahul has fulﬁlled multiple
roles for me as a sourcing, quality, and logistics partner. I
have found UPOD to be very knowledgeable and
professional in all our dealings. He oﬀers me local
expertise in the Indian manufacturing industry, providing
advice on relationship management, quality control, and
price negotiation. I highly recommend UPOD's services."
Scaling UPOD's operations and oﬀerings in the future, Mr
Puri envisions growing to new markets. Diversifying has
helped in the past. It could be product lines or countries.
"We started catering to the Canadian market last year. We
aim to initiate business in Australia. Strengthen our team
and innovate in products, designs. Operations – Ongoing
improvements and processes," he concludes.
Fastest Growing Companies in India 2023
34 | September, 2023 35 | September, 2023

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