The CNBC TV18's Emerging India Awards recognizes and celebrates small and medium sized companies who have achieved success not only on Indian shores but globally.

Retailing has seen many challenges in the past few years and so CNBC-TV18 has decided to mark their achievements.

Nominations for retail and non-retail trading categories: 

It includes the Bakeri Group-owned Sanskrut Baby Products, a manufacturer of infant products. The company has a growth rate of 56% year-on-year. It sells its products domestically through its own stores and bigger brands like Big Bazaar and Shopper's Stop. It hopes to launch 100 baby wear stores in the next three years.

The second nomination in the category, is the Kolkata-based Shailja Park Private Limited, a company that is growing at the rate of 150% with net sales of Rs 40 crore. Besides owning a menswear brand and home furnishing stores, it also retails branded design wear for women. The group plans to launch a mall and approximately five commercial complexes in the next three years.

From clothes to accessories, another close competitor from Kolkata is the Turtle Group. Along with menswear, it makes accessories such as ties, cufflinks, wallets, belts and socks. Its revenues have grown 56% over last year and net sales stand at Rs 48 crore. The company retails its products in over 300 towns through its own stores and larger retail chains The company also exports to the Middle East under its own brand name.

In the non-retail trade category, IndiaMART InterMESH Limited is the company behind many popular B2B websites, including the well-known "indiamart.com". It is a concept, which many in India thought was too revolutionary and now serves more than 1,500 companies across the nation.

Even with just eight Indian clients, the company Aptivaa Consulting Solutions Private Limited has seen its net sales grow eight times in the last one year. With a presence in the Middle East, South East Asia and the US, this is our next contestant in the non-retail trade category. The company provides consulting, implementation, and analytical services to various institutions for risk and compliance. Banks and asset management and financial services companies constitute the major clientele of Aptivaa.

Our last nomination in this category is Molecular Connections. It is a leading supplier of manually curated databases and informatics solutions to major pharmaceuticals across the globe. Besides its other successful products, the company boasts of NetPro, the world's largest protein-protein interaction database.

So, these companies will be fighting hard for the coveted Emerging India title in London on July 8.

(Note: E-18, which owns Moneycontrol.com and Indiaearnings.com, belongs to the Network18 Group)