Inc. revealed today that VRG Components ranks No. 833 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
Since first appearing on this prestigious list in 2018 and then again in 2022, VRG Components has built a strong global reputation as a trusted supplier of the highest quality hard-to-find, end-of-life, highly allocated, and long lead time electronic components.
“With a solid strategy for success, we had positioned VRG Components for significant growth and it paid off at a time when our global customers needed us more than ever,” stated CEO Verena Martin. “The electronic components supply chain experienced significant challenges from pandemic-related shortages and the geopolitical tensions put on the semiconductor industry. Our unique supply chain enabled us to deliver the most in-demand electronic components when our customers could find them nowhere else.”
Delivering the highest level of customer satisfaction by providing top-quality components is at the core of the company’s processes. It maintains dual AS9120B/ISO 9001:2015 certifications to drive careful sourcing, component inspection, counterfeit avoidance, and on-time delivery. Additionally, VRG Components recently moved to a new global corporate headquarters and warehouse to accommodate their growth and expand their service offerings.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top companies, VRG Components’ three-year revenue growth rate ticked up to an astonishing 712 percent. “Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000, with the fast growth that requires, is truly an accomplishment.“
See VRG’s Inc. 5000 profile.