Three-year revenue growth of 131 percent earns brand a spot on Inc. Magazine's 33rd annual list of fastest growing U.S. companies.
Surya reported that it has been named for the fourth consecutive year to the Inc. 500|5000 list, an exclusive ranking of the nation's fastest growing privately-held companies. The home accessories provider is ranked 2,818 on the 2014 Inc. 500|5000 list, moving up from a ranking of 2,884 last year.
Focused on providing the widest selection of coordinating home accessories across a range of styles and price points, Surya has grown from $2.7 million in sales in 2004 to $82.3 million in 2013 while realizing consistent double-digit year over year revenue increases since 2004. Amidst a challenging economic climate, the company has continued to expand into additional home accents categories to help simplify the shopping experience for its designer and retailer customers. Surya currently offers more than 30,000 products across categories that include rugs, pillows, throws, wall decor, lighting, accent furniture, bedding and decorative accents, with 75 percent of large furniture retailers currently selling Surya products to their customer base.
“We are always looking for ways to better serve our customers while at the same time pushing the envelope to drive innovation within the industry,” said Satya Tiwari, president, Surya. “Being named to this prestigious list for the fourth year in a row is a testament to our commitment to deliver exceptional products and merchandising solutions that help our customers to grow their home accessories business. We are honored to be in the company of so many similarly-minded organizations and look forward to what the future will bring as we execute on our goal to become a $1 billion company within the next ten years.”
Earlier this month, Surya broke ground on a new $33 million corporate office and distribution facility located in Cartersville, Ga., which will measure one million sq. ft. when completed in late 2015. The expansion will not only enable the company to consolidate shipping and distribution for more efficient logistics and operations but will also accommodate the addition of more than 200 jobs within the next few years.
Inc. Magazine publishes the Inc. 500|5000 list each year to celebrate the most dynamic private companies in the United States. Surya will be recognized at the 33rd Annual Inc. 500|5000 Awards Ceremony to be held on Friday, Oct. 17 in Phoenix, Ariz.
The complete list of 2014 Inc. 500|5000 honorees can be found here.
The 2014 Inc. 500|5000 list of fastest growing companies measures percentage of revenue growth from 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit and independent—not subsidiaries or divisions of other companies—as of December 31, 2013.
About Surya: Surya is the premier one-stop source for coordinating home accessories for a broad range of lifestyles and budgets. An expert at translating the latest apparel and interior design trends, Surya artfully combines color, pattern and texture to offer more than 30,000 fashion-forward products, including rugs, pillows, throws, wall decor, accent furniture, lighting, decorative accents and bedding. The brand also provides innovative display, merchandising and training solutions to support retailers in successfully promoting and selling home accessories. Surya currently exhibits in Atlanta, Dallas, Chicago, High Point, Las Vegas, New Delhi, New York, Toronto and Tupelo. To learn more, visit www.surya.com.
About Inc. Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
Furniture World Magazine-Business solutions for furniture retailers