PARAMOUNT RANKED #5 AMONG TOP 100 SMES OF DUBAI | Ranked #5 among 4532 Competing Companies.
Dubai, Nov. 15th 2015: Paramount bagged the 5th rank in the third cycle of Dubai SME100 organized at Madinat Jumeirah, Dubai.
Launched under the patronage of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Dubai SME100 identifies the top performing SMEs in Dubai to help groom them into bigger and more sustainable enterprises, and to support them in their growth into larger and internationally oriented companies.
Since the program’s inception, Paramount has been a part of Dubai SME100 and was awarded the 9th and 31st ranks in the first and second cycles respectively. This latest cycle of Dubai SME100 focused on the performance of the participating companies in the period 2012-14 and evaluated their growth in six categories, namely, Growth Performance; Innovation; Human Capital Development; International Orientation; Corporate Governance and Corporate Social Responsibility. Paramount achieved substantial growth in all prescribed categories during the said period as evident in its ascent from its 31st rank in the previous cycle to the 5th rank it has secured now. Even in each individual category, Paramount has surpassed its contemporaries by a large margin. It was placed at 3rd position for Growth Performance, 8th for Innovation, 1st for Human Capital Development, 4th for International Orientation, 6th for Corporate Governance and 1st for Corporate Social Responsibility.
Speaking at the event, Paramount’s CEO, Mr. Premchand Kurup, said:
“Taking a business from the start-up stage through the build phase and then to the growth phase calls for expertise over enthusiasm. The Dubai SME100 is doing a remarkable job of enabling us to build the required expertise. Recognitions like these not only tell us how far we have come as a company but also how far we need to go. We are honored and humbled at the same time.”
With a legacy spanning more than two decades, Paramount has been the pioneer in providing technology and services to secure the Information Assets of businesses across GCC. Founded in 1992, transformed in 1999 and re-invented in 2007, the company considers itself a “class in transformation”. The company is also a part of the region’s rarest breed of organizations which has been awarded ISO 27001, ISO 9001, ISO 22301 and ISO 20000 certifications. On top of that, Paramount has also won numerous accolades like Dubai Quality Appreciation Program, Mohammed bin Rashid Award for Business Excellence, Dubai Chamber’s Happiness at the Workplace Award while it is regular winner of Dubai Chamber CSR Label and Dubai SME100 rankings.