Ashtel Studios Makes the Inc. 5000 List of America’s Fastest-Growing Private Companies

By Grit Daily Staff Grit Daily Staff has been verified by Muck Rack's editorial team
Published on October 17, 2023

Ashtel Studios, a leading personal care company, has made the distinguished Inc. 5000 list of the fastest-growing private companies in America. Over a three-year period, Ashtel Studios recorded an impressive growth of 179 percent. 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.

“An acknowledgement from the Inc. 5000 list is an exciting tribute to the hard work that has gone into the development and introduction of creative products that ultimately bring a smile to one’s face,” says Anish Patel, CEO of Ashtel Studios. “This recognition underscores the excellence, dedication, and innovation that every single member of the Ashtel Studios team brings to work every single day to result in such an impressive accomplishment,” he adds.

“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. Inc. is thrilled to honor the companies that are building our future.”

“As a company we are excited to build upon this outstanding achievement and continue to grow our business through innovation, creativity, and superior quality. We also want to thank our myriad of licensing partners who have helped to drive our success both today and in the future,” Patel concludes.

About Ashtel Studios

Founded in 2002, Ashtel Studios is a leading provider of personal care products and is parent to some of the world’s most best-known brands, including EVO, Brush Buddies, ARU, Soniclean, and Smart Care. The company prides itself in delivering fun, design-forward products that will bring a smile to the faces of consumers worldwide.

More about Inc. and the Inc. 5000

Methodology

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit Inc’s website.

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By Grit Daily Staff Grit Daily Staff has been verified by Muck Rack's editorial team

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