MUMBAI, India, May 6, 2014 /PRNewswire/ --
ACG Worldwide's UK subsidiary ACG Europe Ltd. is proud to be listed in the UK's 'Top 41 Fastest-Growing Indian Companies.' ACG Europe features within the top 25 fast-growing Indian-owned companies. The list, developed by the UK's leading auditing and management consultancy firm Grant Thornton LLP in conjunction with Confederation of Indian Industry (CII), identifies fast-growing Indian companies in the UK by turnover, sector and employee strength.
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The research report, 'India Meets Britain: Tracking the UK's Top Indian Companies,' adds that there are more than 700 Indian-owned businesses in the UK. Of this, the 41 fast-growing companies contributed nearly £19 billion in turnover, achieving growth rates of over 10%. Few companies, including ACG Europe, even achieved more than 20% - outstripping the UK's existing GDP growth rate.
The fastest-growing Indian companies are spread across the UK, with just 29% of the Top 41 based in London. Also headquartered in the capital, ACG Europe offers end-to-end pharma processing, manufacturing and packaging solutions to pharmaceutical and nutraceutical companies in the UK and Europe. The research adds that nearly half are in the pharmaceuticals and chemicals (22%) and technology and telecoms (32%) sectors. "This is quite an achievement for ACG. We're pleased to be a part of a list of companies that continue to make a difference to the total economy wherever they are," said Ajit Singh, Chairman, ACG Worldwide.
He added, "From ACG's perspective, the UK remains a strong and matured market with attractive possibilities to invest and gain a strong foothold in the European market. After ACG's establishment in the UK, we later expanded our base in Europe with an acquisition in Croatia. Our commitment to growth in the UK and European region is long term and has today helped us continue our growth in serving the global pharma industry."
To read more, download the report, "India Meets Britain: Tracking the UK's Top Indian Companies" here.
About ACG Europe Ltd.
Based in London, ACG Europe Ltd. caters to the European pharmaceutical and dietary supplementary industries, offering empty hard capsules, capsule filling machines, fluid bed processors, tablet presses, tablet tooling, tablet coating equipment, barrier packaging films, blister packing machines, cartoning machines, vision inspection systems and end-of-line packaging solutions. ACG Europe is a subsidiary of ACG Worldwide.
About ACG Worldwide
With over fifty years of industry expertise, ACG Worldwide has established itself as an integrated manufacturing, packaging and R&D solution provider to the global pharmaceutical industry. It synergistically integrates businesses right from granulation & coating equipment to hard capsules & capsule filling machines; barrier packaging films to blister & cartoning machines; tablet compression systems to tablet tooling; vision inspection systems to end-of-line machines. A state-of-art R&D facility, SciTech Center in Mumbai, stands testimony to continuous investment in innovative products & technologies. Recognized as 'Best Vendor' by OPPI, ACG has also bagged awards for several innovative products from IIP & Pharmexcil. ACG Worldwide serves customers in more than 100 countries and has its subsidiaries in Brazil and elsewhere.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world's leading organizations of independent audit, tax and advisory firms. In the United States, Grant Thornton has revenues in excess of $1.3 billion and operates 55 offices with more than 500 partners and 6,000 employees. Grant Thornton works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
Contact Information
Mr. Sujit Nair
Senior Manager - Corporate Communications, ACG Worldwide
sujit.nair@acg-world.com
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