New names claim E50’s top spots

The champions: Noor Azmi (sixth from left) with Deloitte Malaysia country managing partner Yee Wing Peng (fifth from left) with several top 10 winners of the E50 Award 2019.

SME Corporation Malaysia’s (SME Corp) recent Enterprise 50 (E50) Award 2019 saw new names emerge as its top 10 winners.

Numero uno for the 21st E50 Award was disposable medical and healthcare products manufacturer Ideal Healthcare Sdn Bhd, led by its chief executive officer Datuk Dr Haminnuddin Abd Hamid.

The company first placed on the E50 Award in 2009 in the top 30, before leapfrogging into 15th place in 2016 and claiming first place this year.

Now a major medical disposable products supplier to the Health Ministry, the SME was also a winner in the International Trade and Industry’s Industry Excellence Awards 2018 and emerged as Best SME during the Federation of Malaysian Manufacturers’ 50th anniversary celebrations last year.

The award dinner was attended by Entrepreneur Development (MED) Minister Datuk Seri Mohd Redzuan, Deputy Minister Datuk Wira Dr Mohd Hatta Ramli, secretary-general Datuk Wan Suraya Wan Md Radzi, SME Corp chairman Datuk Seri Syed Hussien Al Habshee and chief executive officer Noor Azmi Mat Said.

By order, the other small and medium enterprises (SME) on the top 10 are iForte Intelligence Sdn Bhd, Alypz Sdn Bhd, Prof Muhaya Eye and Lasik Centre Sdn Bhd, Fusipim Sdn Bhd, My CO2 (KL) Sdn Bhd, EPE Swithgear (M) Sdn Bhd, Velson Packagings Sdn Bhd, Maxwell Pharma Sdn Bhd and Asia Food and Beverage Sdn Bhd.

Attention was also given to female entrepreneurs under the E50 Women Entrepreneur Award, which was introduced in 2016, to recognise SMEs owned by women that have excelled in overall business development and management systems.

As per its practice, the top performing SMEs were selected based on rigorous criteria. Only those with four to five stars rating under the SME Competitiveness Rating for Enhancement were invited to submit their nominations. This year’s programme saw the addition of digitalisation as a new evaluation criteria that carried a bonus mark.

In addition, the central coordinating agency will be launching the E50 Club to bring together past award winners to create an ecosystem where SMEs can build networks, extend their reach and leverage each other’s strengths through business matching, as well as gain access to financing.

Starting this year, all award recipients will receive a company report card alongside consultation by Deloitte which will help identify the strengths and weaknesses of the company and can serve as a guidance and reference for future improvement.

SME Corp, now under the purview of the MED, has organised the E50 Award in collaboration with Deloitte Malaysia since 1997. While it started off as an annual programme, E50 was converted into a biennial affair in recent years to consolidate its efforts.

A total of 732 SMEs have been recognised as winners over the years, with 67 going on to list on Bursa Malaysia, including 53 on the Main Board and 14 on the ACE Market.
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