Step into greatness: Be recognized as a 2024 Philippine growth champion
Written by: Dheza Paras
As the world gradually recovers from the unprecedented challenges brought on by the global pandemic, the pursuit of growth and resilience remains at the forefront of the Philippine business landscape.
Now in its fourth year, the Philippines’ Growth Champions initiative, a joint venture between the Philippine Daily Inquirer and renowned international market research firm Statista, is set to recognize and honor companies that have displayed exceptional growth and fortitude despite the adversities faced in the past three years.
Since its inception, the Philippines’ Growth Champions initiative has been on a mission to identify and showcase companies that have defied the odds and achieved substantial revenue growth from 2019 to 2022.
The project’s underlying vision is not only to commend the outstanding accomplishments of these businesses but also to inspire others in the business sector to persevere, adapt, and thrive even in times of uncertainty.
A catalyst for success
The initiative, now well-established, has become a catalyst for success stories across diverse industries. It has created a platform that allows businesses to demonstrate their resilience, innovation, and ability to adapt to the changing market dynamics.
Participation in the Philippines’ Growth Champions rankings has proven to be a significant boost for companies, generating global attention and recognition beyond their specific industries and borders. List of Philippines’ Growth Champions 2023 include: Mustard Seeds Systems Corporation; Exist Software Labs, Inc.; First Standard Finance Corporation; Inteluck Corporation Philippines; and Sprout Solutions Philippines, Inc.
As the initiative enters its fourth year, the partnership between the Philippine Daily Inquirer and Statista stands as a testament to the unwavering commitment to champion the Philippine business community. By showcasing the country’s growth champions, the project highlights the crucial role these companies play in the nation’s economic recovery efforts.
Jiyun Lehner-Lee, Lead Analyst on Philippines Growth Champions, expressed excitement for the companies that maintained their growth momentum amid another challenging year “We are very much looking forward to see which companies grew faster than the 7.6 percent full-year growth of Philippine GDP in 2022 and to examine their growth story”.
The enthusiasm and dedication from both partners underscore their shared mission to recognize and honor the contributions of fast-growing enterprises to the Philippine economy.
The call for participation in the Philippines’ Growth Champions remains open, welcoming companies with a track record of exceptional revenue growth from 2019 to 2022. Aspiring growth champions with revenues of at least P5,000,000 in 2019 and at least P30,000,000 in 2022 are invited to participate in this prestigious ranking.
Eligible companies must be independent entities, not subsidiaries or branch offices of other organizations, and must be headquartered in the Philippines. The growth in revenue should primarily be organic or internally generated, demonstrating the company’s inherent potential to thrive in dynamic market conditions.
A testament to the Philippine spirit
Kat Dalusong, Vice President, and Group Sales Head at Inquirer Group of Companies, stated that the Philippine Daily Inquirer is equally excited to launch, with Statista, the fourth year of Philippines’ Growth Champions. “Unveiling these companies that persevered with unwavering optimism during the pandemic, adeptly navigating challenges, and sustaining growth beyond its impact will undoubtedly serve as a profound source of inspiration. We eagerly anticipate featuring these remarkable and resilient companies on our prestigious list in the Inquirer print and online editions,” she said. Dalusong expresses hope that the list will serve as an inspiration for those in the business sector, encouraging them to persevere and maintain optimism even during the challenging times.
Beyond the numbers and statistics, this initiative has been a testament to the indomitable Filipino spirit and resilience. Amidst the disruptions caused by the pandemic and other challenges, these companies have emerged on top, embodying the essence of Filipino ingenuity, determination, and innovation.
Participation in the Philippines’ Growth Champions 2024 is absolutely FREE. The deadline for registration is set on October 31, 2023. Further information can be found on: inq.news/growthchampions2024
The final rankings to be determined by Statista will be published in the Philippine Daily Inquirer and posted on www.inquirer.net. For more information, please email [email protected].
