US honour for NRI-owned firm
The company is among four firms honoured as this year's outstanding minority businesses by the OMSDC.india Updated: Oct 08, 2006 14:44 IST
An Indian American-run company is among four companies honoured as 2006 outstanding minority businesses by the Oklahoma Minority Supplier Development Council (OMSDC).
Tulsa (Oklahoma)-based P&R Supply Co, which markets and distributes batteries in the US and internationally, has received the Class 2 award for having recorded sales between $1 million and $10 million, according to a report in the Tulsa World.
The companies were recognised for their performance in four classes based on annual sales during a dinner ceremony last week in Oklahoma City. This is the third time the owner Hari Musapeta has been recognised for the company's performance.
Musapeta was the Class 1 recipient in 1992 and received the Class 2 award in 1999.
He was also named the 2006 Minority Business Champion by the Small Business Administration for his involvement with the OMSDC and his efforts to help other local and state minority firms.
In 2005, he was named the Tulsa Metro Chamber's minority business champion and represents Tulsa and the state on several minority business groups.
"The OMSDC is a very good association to be involved with," Musapeta said.
He said he was expecting a 15 per cent to 20 per cent sales growth in 2006.
Two African-American-owned companies, Higher Impact Designs and Leader Communications, won this year's Class 1 and Class 3 awards respectively.
American Indian-owned Red Man won the Class 4 award.
According to the report, the OMSDC promotes business relationships between major corporations and minority businesses through a number of outreach programmes, activities and events.