Business Times covered Cyclect’s recognition at the Enterprise 50 Awards, organised annually by The Business Times and KPMG to identify Singapore’s top 50 privately held companies. Evaluation criteria include financial performance, business innovation, market leadership, and management quality.
Managing Director Melvin Tan welcomed the recognition as a reflection of the sustained effort of Cyclect’s employees in driving the group’s performance across a challenging and competitive industry. The award marked the first time Cyclect had received the Enterprise 50 designation, placing it alongside Singapore’s leading privately held businesses from across multiple sectors.
The Enterprise 50 Award has historically served as a credible reference point for clients, financial institutions, and government agencies assessing the standing of local companies — a function it served for Cyclect as the group began pursuing larger and more complex engineering contracts.