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Hazel Mercantile Ltd., The Parent Company of Hazel Infotech Limited, ranked 94th among top 500 TMEs in a research done by IMA in association with CITIGROUP

IMA India recently undertook a study of India's Best Performing "Emerging Corporations". This initiative is sponsored by Commercial Banking Group, Citigroup. This is a first of its kind research study of mid-sized corporates who are transitioning into industry/market leaders.

Hazel Mercantile Ltd. parent company of Hazel Infotech Ltd. has been ranked in the TOP 100 Transitioning Medium Enterprises (TME's) in India.

IMA identified consistent performers, not one-time achievers. Nearly 1,000 public limited companies (turnover in the range of Rs. 100-500 Crores) were taken up and their financial results analysed for the last 4 years. A performance index was developed that looked at both top line and bottom line performance; absolute size as well as growth. The detailed methodology is publised in a Special Supplement of IMA's CFO Connect magazine.

Hazel Infotech Ltd. the software subsidiary of Hazel Merchantile Ltd. extends its heartiest congratulation to all of Hazel Family on this mega achievement.


Source: Citigroup


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