5 new companies recognised as Singapore’s Best Managed Companies by Deloitte

Deloitte Singapore has recognised 14 enterprises at the Singapore’s Best Managed Companies awards this year, with five new entrants joining the list of organisations celebrated for management excellence, strategic vision and contributions to the economy.

Now in its fifth year locally, the programme is part of Deloitte Private’s global initiative to recognise privately held companies that demonstrate organisational success across multiple dimensions.

The 2025 newcomers span a range of industries. Dian Xiao Er Group, owner of restaurant Dian Xiao Er, was recognised alongside Marco Polo Marine Limited, a shipyard and marine transportation company. Other first-time honourees included steel construction solutions provider Mlion Corporation Pte Ltd, trucking and logistics company Regent Group Pte Ltd, and real estate and construction firm Wee Hur Holdings Ltd.

Beyond the newcomers, seven companies earned the Gold Standard designation, awarded to companies that have received the award over four or more consecutive years. Among these companies are lifestyle wellness brand OSIM; retail and e-commerce distributor LUXASIA; and nanotechnology materials manufacturer Nanofilm Technologies, which have been honoured every year since the award’s Singapore launch in 2021.

“This year’s Best Managed Companies winners embody the ethos of balancing bold ambition with disciplined execution, while never losing sight of the importance of people, culture and purpose,” said Chua How Kiat, Best Managed Companies Leader, Deloitte Southeast Asia. “It is a privilege to witness their journey and celebrate the positive impact they have made on both the local economy and the wider Southeast Asian business landscape.”

To qualify, companies must have been in operation for at least five years, generated annual revenue or enterprise value of more than US$50 million (S$64 million), have majority of its shares held privately, and have its headquarters or decision-making centres in Singapore.

The companies are assessed against Deloitte’s four-pillar framework: strategy, capabilities and innovation, culture and commitment, and governance and financials. An independent panel of business leaders reviews all submissions, which include Annie Koh, Professor Emeritus of Finance (Practice) at Singapore Management University; Isabella Huang-Loh, Chairman of the Singapore Environment Council; and John Lim, former Chairman of Boustead Projects Limited.

This year, a new member joined the board, Sheila Ng, former CFO of Raffles Medical Group.

The winners and judges of the awards will attend the inaugural 2025 Southeast Asia Best Managed Companies Regional Awards, held in Kuala Lumpur, Malaysia in November. For the first time, honourees from Singapore, Indonesia, Malaysia, Thailand and Vietnam will receive their awards together.

Previous year winning companies from across the region have included Thailand’s Meiji, a food and beverage company; Malaysia’s Sunway, a conglomerate with its hand in real estate, hospitality, healthcare and more; and Vietnam’s OnPoint, an e-commerce solution partner.

“Singapore’s home-grown businesses are a cornerstone of the nation’s economy. We are delighted to honour the 2025 Singapore’s Best Managed Companies award winners and their clear commitment to world-class business excellence,” said Shariq Barmaky, Country Managing Partner, Deloitte Singapore.

“These companies have shown resilience and agility amid an uncertain landscape, while remaining dedicated to their people and purpose – a true reflection of Singapore’s growth story over the last 60 years. They also serve as prime examples of what success could look like for private businesses in Singapore.”