'Emerging India 2004' was the first initiative to honor the unparalleled contribution of this sector. It gave recognition to the leading Small & Medium Enterprise (SME) performers and opened up a world of new business avenues for SMEs all over the country. The 'Emerging India' initiative was the first ever platform for recognizing the achievements of India's Small & Medium Enterprises and aimed to help them unleash the diverse opportunities. This pioneering initiative comprised forums held across multiple cities in India, followed by on-air shows discussing pressing issues with small & medium entrepreneurs and finally, the first-ever awards for this sector.

Emerging India Winners (2004-2005) Auto - Ancillaries & Engineering : Organisation Name : Indo Schottle Auto Parts Pvt Ltd. Name: Rohan Pusalkar Designation: Executive Director Commodity & Others : Organisation Name : Transasia Bio Medicals Ltd. Name: Mala Vazirani Designation: Director FMCG & Agri Business : Organisation Name : Linc Pen & Plastics Ltd. Name: Deepak Jalan Designation: Chairman & Managing Director Gem & Jewellery : Organisation Name : Shreeji Jewellery Ltd. Name: Pravin Shah Designation: Managing Director ICE & ITeS : Organisation Name : Educomp Datamatics Ltd. Name: Shantanu Prakash Designation: Director Infrastructure : Organisation Name : Ocean Sparkle Ltd. Name: P.Jairaj Kumar Designation: Chairman & Managing Director Pharmaceuticals & Chemicals : Organisation Name : Dorf Ketal Chemicals (India) Pvt Ltd. Name: Sudhir Menon Designation: Chairman & Managing Director Retail trade : Organisation Name : Shankara Pipes India Pvt Ltd. Name: Sukumar Shainiwas Designation: Managing Director Textile & Apparel : Organisation Name : Kewal Kiran Group. Name: Kevalchand Jain Designation: Managing Director