Growing in Spite of Challenges: CSHARK with the Second Business Gazelle Award

Gazele Biznesu award

We are thrilled to announce that CSHARK received the Business Gazelle 2020 Award. Gazele Biznesu (original title) have been awarded regularly since 2000 by Puls Biznesu, a leading economic daily in Poland. It’s the oldest and most popular ranking of SMEs that indicates their dynamic growth. Over 4,500 companies took part in the ranking. We ranked 18 in the Lower Silesia region.

It’s our second Business Gazelle – we received our first title in 2019, so we are extremely pleased to learn that we remain among the most dynamically growing companies for the second consecutive year, especially in the challenging business climate we are all facing. It’s both rewarding and motivating – said Kamil Kwećka, CSHARK Co-founder and Board Member.

Each edition of the ranking examines the economic results of competing companies for the full three preceding years. The 2020 edition took into account the results from 2017, 2018, and 2019.

In order to receive the title, a company must increase turnover and make a profit for three years in a row. To be considered, a company must meet all of the following criteria:

• began operations before 2017 and has been operating continuously to this day,
• reported PLN 3-200m sales revenue for 2017,
• recorded an increase in sales revenue year on year in 2017-2019,
• did not report any losses in 2017-2019,
• submitted financial statements from 2017-2019 for analysis.

The prestigious Business Gazelle title is a significant recommendation in commercial contacts with existing and new contractors. The award reflects the good reputation and credibility of enterprises which, thanks to their extremely dynamic development, are able to cope well even among much larger competitors. It also shows which companies can boast the stability that allows them to thrive even in harsh, changing economic conditions.

The project is implemented by economic dailies belonging to Bonnier publishing group, which owns the polish Puls Biznesu. Similar rankings are prepared by dailies from Sweden, Denmark, Lithuania, Latvia, Estonia, and Slovenia. The selection criteria for Gazelles in individual countries are adapted to local economic conditions, but the goal is the same: to promote small and medium-sized enterprises.