JAIPUR MOVES UP
800 PLACES ON INC. 5000 LIST
NORCROSS, GA - Jaipur
Rugs, the award-winning rug, textile and home décor supplier has climbed to the
2,522nd
spot in the rankings this year on the Inc. 5000 list. The company was
listed at the 3,337th spot in 2014.
Each year, the Inc.
list features the country's top 5,000 fastest-growing private companies ranked
according to percentage revenue growth over a four-year period. To be considered
for the exclusive club - which gave early exposure to well-known names like
Microsoft, Oracle, Zappos and Timberland - companies must be U.S.-based,
privately held, and independent.
"We consider it a
great honor to be a part of the Inc. 5000 rankings for the second year in a
row," says Jaipur Rugs chief executive Asha Chaudhary. "The recognition is a
testament to our unique business model, as well as the hard work and dedication
of our immensely talented global team. We believe our rise in the rankings this
year is directly related to our passion for design and consumers' growing
interest in authenticity and meaning in the products they purchase for their
homes."
Jaipur is widely credited with revolutionizing the rug business with a global
supply chain that connects artisans in some of the world's poorest regions with
the world's richest consumers. It's a vertical distribution strategy, delivering
all necessary supplies to the artisans' doorsteps, even in the most remote
locations. And, there is little doubt their unique business model is working:
Jaipur has seen an increase in growth of 148% in the past three years, with $35
million in annual revenue. The company has also add 75 jobs.
"The story of this year’s Inc. 5000 is the story of great leadership. In an
incredibly competitive business landscape, it takes something extraordinary to
take your company to the top," says Inc. President and Editor-In-Chief Eric
Schurenberg. "You have to remember that the average company on the Inc. 5000
grew nearly six-fold since 2012. Business owners don't achieve that kind of
success by accident."
This year's list was unveiled online and is featured in the September issue of
Inc., which is available on newsstands through Sept. 22. The average company on
the list achieved an amazing three-year growth of 490%. The aggregate revenue of
companies included on the Inc. 5000 list is more than $200 billion, with 647,000
jobs added to the economy.
Companies that appear on the Inc.500/5000 list are honored during the annual
Inc. 5000 Conference & Awards Ceremony, which will take place from Oct. 21 to 23
in Orlando, FL. Speakers include Marcus Lemonis, chairman and chief executive of
Camping World and Good Sam Enterprises and host of CNBC's The Profit,
Robert Herjavec, shark on ABC's Shark Tank and founder of Herjavec Group;
best-selling author Daniel Lubetzky, founder and chief executive of KIND; and
Jessica Mah, co-founder and chief executive of inDinero.
08.24.15