From Home Furnishing Business
Surya Lands on Inc. 5000 List of Fastest Growing Companies for Sixth Year in a Row
In an annual ranking of the nation’s fastest growing private companies, Surya has earned its spot for the sixth consecutive year on the esteemed Inc. 5000 list.
In 2015, Surya was named to the Inc. 5000 Honor Roll, joining the ranks of a select group of companies that have appeared on the Inc. 5000 list for five years or more.
Surya secured its place on this year's Inc. 5000 list based on a three-year revenue growth of 84 percent. By revenue, Surya ranked 13th among 220 Georgia-based companies making the list and in the top five in the Consumer Products & Services segment. The company continues to achieve significant double-digit growth, with revenues increasing from $64 million in 2012 to $117 million in 2015.
The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012 and be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2015.
"Since its inception, Surya has embodied a strong entrepreneurial spirit and a willingness to take big risks to achieve big rewards," said Satya Tiwari, President, Surya.
"We couldn't have come so far without the shared passion and support of our customers and employees, who have been an integral part of this amazing journey. We are honored, to once again be named to the prestigious Inc. 5000 list, a distinction that underscores our commitment to continually raise the bar for the home furnishings industry."
Founded in 1976 by Surya Tiwari to preserve artisan craft and provide a better life for families in rural India, Surya has evolved into a leading provider of coordinating accessories for a broad range of lifestyles and budgets. The addition during the past several years of multiple accessory categories, including lighting, bedding, and – most recently – made to order rug and art programs, along with an expansion into new segments such as the contract market, continues to drive significant growth. An emphasis on developing technology-driven sales and merchandising programs to help its designer and retailer customers build a successful accessories business has also been a key contributor to the company's strong performance.
"The Inc. 5000 list stands out where it really counts," said Inc. President and Editor-In-Chief Eric Schurenberg. "No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails."
In May 2016, Surya moved into to a new, one-million-square-foot corporate headquarters and distribution facility in Cartersville, Ga. The move has substantially expanded the company's operational capacity and efficiency while setting the foundation to bring to the North Georgia region more than 200 additional jobs during the next few years.