SMALL and medium-sized companies with high revenue growth in the period between 2017-2020 currently have the chance to apply for inclusion in the ranking Malaysia’s Growth Champions.
Participation is free of charge – and company representatives can directly apply by entering the revenue figures of their company and completing this registration form.
The deadline for data submissions is Dec 30.
It is recommended that representatives from Malaysian companies that have recorded an average year-over-year revenue growth above 8% in the years 2017-2020 should register, as this was the threshold for companies to enter the last ranking.
The ranking for this round will be published in The Star in February next year. Its intention is to showcase companies that have managed to deliver impressive sustainable growth over several years and have presumably good chances of weathering the current economic storm caused by the Covid virus.
Additionally, all participating companies will be considered for the cross-border ranking High Growth Companies Asia-Pacific, to be published on its global website FT.com in March next year, to be followed up with a dedicated special report published as a supplement in The Financial Times newspaper in April.
The lists will be compiled by international market research firm Statista, which has considerable experience in executing such rankings.
“It is now the third year that we have invited Malaysian companies to apply for consideration to be recognised as a growth champion and, therefore, accelerator of the Malaysian economy.
“We are curious to see which companies will manage to obtain such a title this time – a title which is clearly something special, in general and during the Covid pandemic in particular”, says Statista’s founder and chief executive officer Friedrich Schwandt.
A platform to showcase your strengths
Statista’s head for the Asia-Pacific region, Kit Foong explains what companies can gain when they participate: “It is a fantastic platform for companies to understand their position in both a local and, potentially, regional context.”
Statista’s lead analyst for this project, Felix Kapel notes that based on the experience from other countries, companies with the highest chances of being ranked are those that are young and vibrant, rather than the big corporate players.
“That’s not surprising, as we look at the cumulative annual growth rate between 2017 and 2020 and it’s obviously easier to grow exponentially when you start with a low revenue level,” Kapel elaborates.
“Yet finding out about these relatively new enterprises is also the beauty of this initiative. Therefore, we have set the revenue threshold very low. In order to be eligible, a company only had to record revenues of at least RM400,000 in 2017.”
Exposure in a positive context
Kapel adds that entrepreneurs imbued with the spirit of the 21st century are quick to realise that securing a place in such a ranking brings advantages, as it provides exposure in a positive context.
“After all, given that we are looking at a multi-year period and only let independent companies with predominantly organic growth qualify, each company in the ranking can truly claim that they have what’s most important: substance, credibility and sustainability.
“This is a vital message, particularly during the current crisis environment with next to no visibility.”
Investing in impartiality
Statista does not charge a registration fee for participation nor does the ranking have sponsors, hence, the guarantee of impartiality.
Once the ranking stands, winners get the chance to buy a licence to the Official Logo of Malaysia’s Growth Champions or FT High Growth Asia-Pacific, which they can use as testament of their success in their own communications and marketing campaigns.
This is not an obligation, only an option that winners from other countries enjoy and appreciate.
Company leaders who require a benchmark are advised to refer to Statista’s Growth Champion’s list in Singapore, which was published early this year in The Straits Times.
The closing date for registration is Dec 30.
Those interested in participating in the ranking should sign up online with this registration form.