Inc. magazine has included home furnishings manufacturer Surya on its 500/5000 list, an exclusive ranking of the nation's fastest growing privately-held companies. The company has realized a double-digit revenue growth year over year since 2004, reaching $64 million in revenue in 2012. It is ranked 2,884 on the list, and remains a major player within the $4 billion U.S. retail rug market.
“Surya is constantly searching for new ways to grow sustainably and better serve our customers, and our growth reflects that commitment,” said Satya Tiwari, president of Surya. “We work diligently to anticipate the market’s needs and reinterpret new trends into novel and relevant décor solutions that consistently yield high economic value for our customers.”
Approximately 75% of large furniture retailers are selling Surya products to their customer base. This year, the company expanded into accent furniture and is actively exploring entry into related home accent categories to simplify shopping and merchandising for its design and retail customers.
It recently announced exclusive collections with high-profile designers such as Florence Broadhurst, Florence de Dampierre, Peter Som, Kate Spain, and Malene B.
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 32nd Annual Inc. 500/5000 Conference & Awards Ceremony from October 10 - 12 in Washington, D.C.
The 2013 Inc. 500/5000 list is ranked according to percentage revenue growth from 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009, and must have generated at least $2 million in revenue in 2012. Additionally, they have to be U.S.-based, privately held, for profit and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2012.