Malaysian SMEs Shine at the SME100 Awards 2024, Reflecting Growth and Resilience

KUALA LUMPUR, Malaysia, Jan. 2, 2025 /PRNewswire/ -- Malaysian small and medium enterprises (SMEs) continue to demonstrate remarkable growth and resilience. For the 2024 SME100 Awards, the majority of winners hailed from the services sector, including retail and wholesale, professional and business services, IT, and education.

Congratulations to the winners of the SME100 Awards Malaysia

The manufacturing sector came in second, followed by construction and agriculture. This aligns with the findings of the 2023 MSME Performance Report by the Department of Statistics Malaysia, which highlighted a 6.5% increase in sectoral GDP for the services sector, compared to 5.0% growth across all SMEs.

The SME100 Awards is organized by SME Magazine and the Small and Medium Enterprises Association of Malaysia (SAMENTA), honouring outstanding SMEs for their exceptional achievements in various industries since 2009.

The awards ceremony was officiated by the Minister of Entrepreneur Development and Cooperatives, YB Ewon Benedick, who presented awards to the winners, in his keynote address, highlighted the MADANI government's commitment to fostering a supportive ecosystem for SMEs under the leadership of Prime Minister Datuk Seri Anwar Ibrahim, emphasizing initiatives such as policy frameworks, financial assistance, market access, and capability building to drive SME growth and success.

This year's program saw another record-breaking 1,279 nominations, a 17% increase from 2023. This surge underscores the growing acknowledgment of SMEs' vital contribution, which accounted for 39.1% of Malaysia's GDP last year..

"The SME100 Awards continue to underscore the entrepreneurial excellence of our SMEs, highlighting their contributions as key drivers of economic growth. With strong support from the government and a commitment to innovation, our SMEs are well-positioned to take on global challenges and opportunities," said Datuk William Ng, Organizing Chairman and National President of SAMENTA.

Ng added, "These businesses exemplify resilience and ingenuity, paving the way for a more dynamic and competitive economy. As we celebrate their achievements, we remain committed to empowering SMEs to scale new heights and shape a brighter future for Malaysia."

The SME100 Awards maintained its stringent evaluation process, combining qualitative and quantitative assessments, and a 100% interview requirement. Key metrics included turnover, profit, market share, sustainability, and best practices. Data for the rankings was provided by CTOS, with Baker Tilly as the official auditor, ensuring transparency and credibility.

Additional from the SME100 Awards, three other awards were presented, including the SME100 CTOS Credit Excellence Awards, BMI Sustainable Brand Awards, and BMI Women Entrepreneur Awards, with Affin Bank sponsoring the latter two categories.

The SME100 Awards have become a hallmark of trust and reliability, with past winners such as Grab, Mynews Holdings Berhad, and Solarvest Holdings Berhad going on to achieve public listing. Beyond Malaysia, the SME100 Awards are also celebrated in Indonesia, Singapore, and Vietnam, solidifying its regional impact.

For more information about the SME100 Awards 2024 Malaysia and a complete list of winners, please visit http://sme100.asia.

LIST OF WINNERS OF THE SME100 AWARDS 2024 IN ALPHABETICAL ORDER

SME100 Awards Fast Moving Companies

1. ABERS Resources Sdn Bhd

2. Addy Design Consultant Sdn Bhd

3. Aden One (M) Sdn Bhd

4. AEO Freight Sdn Bhd

5. AFG Logistics Sdn Bhd

6. Akitree Design Sdn Bhd

7. Alienworld Technology Berhad

8. Allied Forklift (M) Sdn Bhd

9. Alpha Group Realty Sdn Bhd

10. Alpha Solar Sdn Bhd

11. Aries Engineering Consultants Sdn Bhd

12. Ascons Real Estate Sdn Bhd

13. ASIC Offshore & Marine Sdn Bhd

14. B United Printers Sdn Bhd

15. B-Crobes Laboratory Sdn Bhd

16. Barisan Samudera Sdn Bhd

17. Beast Kingdom (Malaysia) Sdn Bhd

18. Binatex Sdn Bhd

19. Brentt Gard Sdn Bhd

20. Bumi Optimus (M) Sdn Bhd

21. Cezars Kitchen Sdn Bhd

22. Cleanroom Industries Sdn Bhd

23. CLL Systems Sdn Bhd

24. Cloud Mile Sdn Bhd

25. Coffeebot Holdings Sdn Bhd

26. Connexus Realty Sdn Bhd

27. Corvus Techub Sdn Bhd

28. CS E&I Engineering Sdn Bhd

29. Cuberlab Sdn Bhd

30. Cxicon Sdn Bhd

31. D Houz Sdn Bhd

32. Fronix Sdn Bhd

33. Global Setia Trading Sdn Bhd

34. GME Greentech Sdn Bhd

35. GoCloud Global Sdn Bhd

36. Gold Key FnB Sdn Bhd

37. Goodwinds Project Solutions Sdn Bhd          

38. Greenlane Freight Sdn Bhd

39. Happy Plantations (Kota Marudu) Sdn Bhd

40. HD Solar New Energy Sdn Bhd

41. Healthcare Planet Sdn Bhd

42. Home Dfine Sdn Bhd  

43. iDynamics Software Sdn Bhd

44. Impian Home Design Sdn Bhd

45. Inniva Design (M) Sdn Bhd

46. JDA Immersive Media Sdn Bhd

47. Ji Long Hardware Trading

48. Joy Paradise Holidays Sdn Bhd

49. JV-Binasistem Sdn Bhd

50. Kapten Batik (M) Sdn Bhd

51. Karuna (Sarawak) Enterprise Sdn Bhd

52. KISL Technology Centre Sdn Bhd

53. KK Precasts Sdn Bhd

54. Koperasi Kakitangan PETRONAS Berhad (KOPETRO)

55. Lakoo Advertising & Consultant Sdn Bhd

56. Lass Holdings Sdn Bhd

57. Ledgen Malaysia Sdn Bhd

58. Lee Sportswear International Sdn Bhd

59. Life Care Systems (M) Sdn Bhd

60. LifeWave (M) Sdn Bhd

61. M&T Group Plus Plt

62. Mana Mana Suites Sdn Bhd

63. Maslow Trainers & Consultants Sdn Bhd

64. Maxenta Cosmeceuticals Sdn Bhd

65. Medishield First Aid Supplies Sdn Bhd

66. Meraque Services Sdn Bhd

67. Milieu Solar Sdn Bhd

68. Miniso Winky (M) Sdn Bhd

69. Mirai Industrial Automation (M) Sdn Bhd

70. MJ Excell Catering Sdn Bhd

71. MMX Solutions Sdn Bhd

72. Most Capital Group Sdn Bhd

73. Nationwide Logistics Sdn Bhd

74. Nexus Smart Consortium Group Sdn Bhd

75. Nibou Industries (M) Sdn Bhd

76. NS Tawakal Sdn Bhd (Klinik HealthQuarters)

77. Octopus Marketing Sdn Bhd

78. Orisys E&C M Sdn Bhd

79. Paramount Asphalt Sdn Bhd

80. Populus Project Sdn Bhd

81. Produk Makanan Enak Gembira Sdn Bhd

82. Prolific Cargo Services (PG) Sdn Bhd

83. Quantum Universal Builders Sdn Bhd

84. RC Renovation Contractor

85. Refined Design Enterprise

86. Right Power Technology Sdn Bhd

87. RK Space Creation Sdn Bhd

88. Rogue Asia Sdn Bhd

89. San Engineering and Electrical Support Sdn Bhd

90. Sasaki Industrial Sdn Bhd

91. SC Tactical Bridge Sdn Bhd

92. Schmetterling Rental Sdn Bhd

93. SEO Services Sdn Bhd

94. Shun Ta Logistic (M) Sdn Bhd

95. Silara Akses Sdn Bhd

96. Simplekeyz Property Management Sdn Bhd

97. Sin Soon Fa Fruits Sdn Bhd

98. Sinsheng Tat Trading Sdn Bhd

99. Skin Renew International (M) Sdn Bhd

100. Soritsu Technology Malaysia Sdn Bhd

101. Soybean Factory Production Sdn Bhd

102. Stoked Associates Sdn Bhd

103. Suifour Furniture Sdn Bhd

104. Techsaltants Sdn Bhd

105. TenQ Group Sdn Bhd

106. The Solar House Sdn Bhd

107. Tiger Motors Sdn Bhd

108. Timuran Kembangan Sdn Bhd

109. TKC Fruits & Vegetables Sdn Bhd

110. TLH Solution (M) Sdn Bhd

111. Trend Global International Sdn Bhd

112. TTL Sales & Rental Sdn Bhd

113. U Plus Realty Sdn Bhd

114. UbinGO Vacations Sdn Bhd

115. Unique Travel & Convention Sdn Bhd

116. VBH Group Sdn Bhd

117. Vega Project Sdn Bhd

118. VSD Automation Sdn Bhd

119. W One Tech Energy Sdn Bhd

120. Webgeaz Sdn Bhd

121. Webmores Digital Marketing Sdn Bhd

122. WITO Technology Sdn Bhd

123. YEA Business Sdn Bhd

124. Yes Bizs Sdn Bhd

125. YLSE Technologies (M) Sdn Bhd

126. Zen Design Studio (M) Sdn Bhd

SME100 CTOS Credit Excellence Awards

1. AEO Freight Sdn Bhd

2. B United Printers Sdn Bhd

3. CS E&I Engineering Sdn Bhd

4. iDynamics Software Sdn Bhd

5. KK Precasts Sdn Bhd

6. Medishield First Aid Supplies Sdn Bhd

7. Techsaltants Sdn Bhd

8. The Solar House Sdn Bhd

9. Tiger Motors Sdn Bhd

10. Vega Project Sdn Bhd

BMI Sustainable Brand Awards

1. Allied Forklift (M) Sdn Bhd

2. Alpha Solar Sdn Bhd

3. B-Crobes Laboratory Sdn Bhd

4. Coffeebot Holdings Sdn Bhd

5. Generali Insurance Malaysia Berhad

6. GME Greentech Sdn Bhd

7. Gold Key FnB Sdn Bhd

8. Greenlane Freight Sdn Bhd

9. Kapten Batik (M) Sdn Bhd

10. Lee Sportswear International Sdn Bhd

11. Milieu Solar Sdn Bhd

12. San Engineering and Electrical Support Sdn Bhd

13. Yes Bizs Sdn Bhd

BMI Women Entrepreneur Awards

1. Ascons Real Estate Sdn Bhd

2. Bumi Optimus (M) Sdn Bhd

3. Cleanroom Industries Sdn Bhd

4. Mana Mana Suites Sdn Bhd

5. Most Capital Group Sdn Bhd

6. Nexus Smart Consortium Group Sdn Bhd

7. NS Tawakal Sdn Bhd (Klinik HealthQuarters)

8. Soritsu Technology Malaysia Sdn Bhd

9. Trend Global International Sdn Bhd

10. VBH Group Sdn Bhd

About SAMENTAEstablished in 1986, SAMENTA is Malaysia's oldest and largest association of SMEs, with over 4,700 members across the country. A multi-racial, multi-sector association, SAMENTA has been at the forefront of championing a SME-friendly business environment and connecting SMEs to regional and global opportunities.

About Business Media InternationalBusiness Media International is a subsidiary of Audience Analytics Limited (1AZ.SG), a regional leader in promoting growth for companies in Asia through data-driven brands and initiatives. BMI owns renowned media brands such as SME Magazine, HR Asia, Capital Asia, Energy Asia, Logistics Asia, TruthTV, and CXP Asia as well as business impact assessment brands such as SME100, HR Asia Best Companies to Work for in Asia, Golden Bull Awards and CXP Asia Best Customer Experience Awards. BMI also organises various exhibitions and has the proprietary software-as-a-service — Total Engagement Assessment Model – in its portfolio.

Source: Business Media International