Sigachi Industries' bags top 100 SME Award 2022 from India SME Forum

18 Apr 2022 , 12:24 PM

Shri Bhanu Pratap Singh Verma, Minister of State for MSME, Govt of India, presented the top 100 SME Award 2022 to Sigachi Industries Limited in the recently concluded 9th edition of the India SME 100 Awards 2022. This recognition came as a result of the company’s unparalleled work on building world-class products and providing excellent services to customers worldwide.

Amit Raj Sinha, MD, and CEO at Sigachi said, “Sigachi Industries is humbled and delighted to have been recognised for its ability to carve a niche for itself in this rapidly evolving space at a global level. We are also looking forward to further growth for the sector within India given the budget allocation for MSMEs nearly doubling this financial year to Rs15,700 crore. The impetus added to incremental innovation in manufacturing and more so to the pharmaceutical industry — which is a stronghold of Hyderabad is undeniable.”

Sigachi Industries is driving the India growth story in the Microcrystalline Cellulose industry with its continuous focus on innovation and quality within the industry. In 2021, the company has also successfully listed its IPO and received an outstanding response.

The Jury Board of the 9th Edition of India SME 100 Awards 2022 laid down the stringent evaluation process and criteria comprised of eminent personalities.

Sigachi Industries is currently trading at Rs316.20 down by Rs5.5 or 1.71% from its previous closing of Rs321.70 on the BSE. Its scrip has touched intraday high and low of Rs322 and Rs312.25 respectively.