SURYA SELECTED FOR GEORGIA FAST 40 5.19.15
Surya has been named to the 2015 Georgia Fast 40 by ACG Atlanta, the Atlanta Chapter of The Association for Corporate Growth® (ACG), a global professional organization focused on middle-market growth, mergers and acquisitions, and private investment.
Each year, ACG Atlanta honors the top 40 fastest growing middle-market companies in Georgia. To be eligible for the award, companies must be for profit and headquartered in Georgia; have recent year-end revenues ranging from $15 million to $500 million; and demonstrate three years of verifiable revenue and employment growth.
Surya’s incremental expansion into multiple home accessory categories paired with significant investment in marketing and technology tools, extensive inventory and one of the fastest fulfillment rates in the industry, have been instrumental in the company’s year-over-year double digit revenue growth. Surya also continues to attract strong talent to its ranks, adding 100 jobs from 2012 to 2014, doubling its employee head count.
To take advantage of manufacturing efficiencies and provide its customers with shorter lead times, Surya has set a goal of producing 25 percent of its products domestically by 2016. In support of this goal, the company recently introduced a made-to-order rug program based out of its Calhoun location that guarantees shipment of rugs in any size and shape within three weeks, and a U.S.-based made-to-order art program that provides more than 800,000 possible artwork configurations.
“Finding ways to solve our retailer and designer customers’ business challenges has always been our top priority and what drives us to excellence,” said Satya Tiwari, president, Surya. “Every day, the Surya team works with one goal in mind: to bring to market innovative new products and solutions that will help our customers effectively compete in the market and build the most successful home accessories business possible. It’s simple, but it works. I would like to thank ACG Atlanta for this important recognition and our customers for their continued support and loyalty.”
The Georgia Fast 40 award is one of several recent honors that Surya has received. Earlier this year, the company was named for the fourth consecutive year to the Inc. 5000 list of the nation's fastest growing privately-held companies, and Satya Tiwari has been selected as a Southeast region finalist for the EY Entrepreneur Of The Year® Award for the second year running.
In 2015, Surya will open a one million square foot state-of-the-art corporate headquarters and distribution center in Cartersville, Ga.—providing a new home for its 300+ employees and bringing an estimated 200 new jobs to the region.
To see the full list of ACG Georgia Fast 40 honorees, visit: www.acg.org/atlanta/acgatlantafast40.aspx
About ACG Atlanta
ACG Atlanta is the ultimate resource for professionals driving mergers and acquisitions. With more than 700 members and 25+ events per year, ACG brings together the deal-making community, with more than 85% of its members reporting they have done business with fellow members. This results in real returns on investment for middle-market business leaders focused on building companies. Private equity professionals, investment bankers & intermediaries, attorneys, auditors & accountants, lenders, corporate development officers and company leaders make ACG the resource for opportunities, capital and services. To learn more visit www.acg.org/atlanta
SURYA’S SATYA TIWARI NAMED EY ENTREPRENEUR OF THE YEAR® 2015 FINALIST 5.06.15
Surya President Satya Tiwari has been selected as a finalist in the Family Business Category for the EY Entrepreneur Of The Year 2015 Award in the Southeast region. This marks the second consecutive year that he has been recognized with this prestigious honor.
Finalists were evaluated and selected by an independent panel of judges based on their business vision, financial performance, demonstrated leadership in driving innovation and commitment to social responsibility.
Under Satya’s direction, Surya has grown organically from $2.7M in sales in 2004 to $100M during the most recent fiscal year and has been named by Inc. Magazine as one of America’s fastest growing privately held companies for four years running. In late 2015, Surya will open a one-million-square-foot state-of-the-art corporate headquarters and distribution center – bringing an additional 200 jobs to the North Georgia region.
“When my father, Surya Tiwari, started Surya in 1976, he had a vision to not only provide consumers with beautifully hand-crafted rugs but also to always put his customers first,” said Satya Tiwari, president, Surya. “When I joined Surya, I was excited by the challenge of taking the company to the next level. Like my father, I knew that the key was to really listen to customers’ pain points and then find creative ways to help them succeed.”
Since assuming the role of company president in 2004, Satya has systematically extended the Surya line across multiple product categories, quickly bringing to market the latest and most relevant designs backed by substantial inventory. Today, Surya has one of the fastest fulfillment rates in the industry and ships to more than 19,000 U.S. zip codes and 50 countries. Satya continues to invest heavily in marketing, technology and innovative new merchandising programs, all with the goal of providing best-in-class service and solutions that make it possible for independent furniture retailers and designers to compete effectively in the home accessories market.
Added Tiwari, “As consumers become more design savvy and more companies enter the home accessories space, it has become increasingly important for our customers to find ways to differentiate themselves. We will continue to push the envelope to give them all of the tools needed to build a successful home accessories business. It is an honor to be named a finalist for the EY Entrepreneur Of the Year Award and I share this recognition with our customers as well as with the entire Surya team.”
Winners from the Southeast region, which encompasses Alabama, Georgia, North Carolina, South Carolina and Tennessee, will be announced at a black-tie awards gala on Wednesday, June 24 at the Country Music Hall of Fame® and Museum in Nashville. The EY Entrepreneur Of The Year National Overall Award winner will be selected from the pool of regional winners and announced at the annual awards gala in Palm Desert, Calif., on Nov. 11, 2015.
About EY Entrepreneur Of The Year®
EY Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries. For more information, visit www.ey.com/US/en/About-us/