.jpeg)
Introduction:
Indian companies Meesho and the National Payments Corporation of India (NPCI) have earned a spot on TIME magazine's prestigious annual list of the world's most influential companies. This recognition highlights their significant impact and contribution in their respective fields.
Meesho's Efforts to Democratize E-commerce:
Meesho, founded by Vidit Aatrey, considers this achievement as a significant validation of its mission to democratize e-commerce in India. Aatrey expressed his gratitude to employees, investors, and customers for their unwavering support. Meesho recently achieved the milestone of becoming the "fastest shopping app" to surpass 500 million cumulative downloads, as reported by data analytics provider data.ai.
NPCI's Role in Retail Payments:
The National Payments Corporation of India (NPCI) serves as an umbrella organization for all retail payments systems in India. Its inclusion in TIME's list recognizes its pivotal role in revolutionizing digital payments and creating a seamless ecosystem for retail transactions in the country.
.jpeg)
Other Indian Connections on the List:
Another notable mention on TIME's list is Polygon Labs, a US-based startup aimed at enhancing the speed and affordability of transactions on the Ethereum blockchain. Two of its founders, Sandeep Nailwal and Jaynti Kanani, have Indian origins. Last year, Nykaa, founded by Falguni Nayar, also made it to the TIME100 most influential companies list.
Selection Process for TIME100 Companies:
TIME magazine follows a meticulous process to identify and select the most influential companies. They gather nominations from various sectors and consult their global network of contributors, correspondents, and external experts. Each company is evaluated based on key factors such as impact, innovation, ambition, and success.
Conclusion:
The recognition of Meesho and NPCI by TIME magazine underscores their remarkable contributions to the Indian business landscape. Meesho's efforts to democratize e-commerce and NPCI's role in transforming retail payments have garnered international acclaim. These achievements highlight the innovation and entrepreneurial spirit present in India's thriving business ecosystem.
