Surya Two-Time Honoree On The Prestigious Inc. 500/5000 List
Furniture Industry News Update -
Furniture World Magazine
Surya, a progressive manufacturer of area rugs and home accessories, announced that it has been named to Inc. Magazine’s 2012 Inc. 500/5000 list of America’s fastest-growing privately-held businesses. This is the second year in a row Surya has made the list, ranking 2,691 this year, up 755 positions from 2011. This level of growth is a rare accomplishment for a home décor manufacturer at a time when home sales remain at historic lows.
Surya is an outlier in its industry, having experienced consistent double-digit revenue growth since 2004. The Company reached $50M in revenue in 2011, making Surya a top player within the $4B U.S. retail rug market. Surya is the rug partner of choice for the retail, design, and hospitality segments, and today, serves 75 percent of large furniture retailers.
Satya Tiwari, Surya’s President, said: “Surya has always been passionate about simplifying the home decorating process. We have focused extensively in developing innovative solutions for our business customers, while increasing product selection and availability in the market. Our growth is a great affirmation that our customers find value in partnering with us to solve their needs.”
Surya works with a network of talented designers such as Emmy award winning costume designer, Bob Mackie as well as HGTV-hosts, Candice Olson and Angelo Surmelis to develop fresh and relevant designs. Its customer-centric approach and rapid product introductions have made Surya the go-to company for home decorating solutions.
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 for their honor at the 31st Annual Inc. 500/5000 Conference & Awards Ceremony on October 3-5 in Phoenix, AZ.
About Surya: Surya is a vertically integrated manufacturer of area rugs and home accessories. It is known for innovative rug designs and strong approach to thorough business practices. Surya emphasizes its expert understanding of the latest interior design and fashion trends, translating them into each of its product lines, blending the perfect combination of color, pattern and texture. Currently, Surya exhibits in Atlanta, High Point, Las Vegas, New Delhi, New York, and Tupelo. For more information visit www.surya.com.
About Inc. Magazine: Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
In order to be eligible for the Inc. 5,000 list, companies must be privately held, for profit, based in the U.S. and independent, have a full four-year sales history generating at least $100,000 of revenue in 2008 and least $2 million in revenue in 2011.
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