In 2013, Surya expanded into accent furniture and is actively exploring entry into other home accent categories to simplify shopping and merchandising for its design and retail customers.
Calhoun, GA (PRWEB) August 27, 2013
Surya, a progressive manufacturer of area rugs and home accessories, today announced that it has been named to the 2013 Inc. 500/5000 list, an exclusive ranking of the nation's fastest growing privately-held companies. The company secured a spot for the third straight year, joining a number of other high-caliber organizations, including HubSpot, Marketo and LivingSocial.
A major player within the $4 billion U.S. retail rug market, Surya has realized double-digit revenue growth year over year since 2004, reaching $64 million in revenue in 2012. This steady growth is especially notable amidst the persistent economic challenges experienced during the past several years. As a result of the company’s fresh and inspired designs, Surya has become the home accessories partner of choice for the retail, design and hospitality segments, with 75 percent of large furniture retailers currently selling Surya products to their customer base. Surya is ranked 2,884 on this year’s Inc. 500/5000 list.
“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, 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. We are honored to be listed with other great companies focused on ongoing innovation and success.”
Focused on providing its customers with access to the widest range of rug and accessory designs possible, Surya introduces thousands of new products annually. In 2013, 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. Surya partners with a number of top talents, including HGTV host Candice Olson and fashion designer Peter Som, as well as emerging designers, to bring to market unique and on-trend designs across all lifestyle categories and price points.
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 Oct. 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 had to be U.S.-based, privately held, for profit and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2012.
Founded in 1976, Surya is a vertically integrated manufacturer of area rugs and home accessories known for its innovative rug designs and dedicated 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. To learn more, visit http://www.surya.com.
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 http://www.inc.com.
Kathleen N. Bowley
706.625.4823 ext. 213