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Growth of MSMEs in IT/ITeS constrained by lack of funds

Business Standard 

Micro, small and medium enterprises operating in the information technology (IT)/IT enabled services (ITeS) space tend to find growth constrained, mainly due to lack of capital. An analysis of 4,000 CRISIL-rated MSMEs shows that those focused on IT/ITeS grew by 12 per cent per annum between FY13 and FY15, compared with nearly 20 per cent for their peers in the service sector. These MSMEs, typically engaged in deploying hardware networks, developing customised apps/software/websites, or providing consulting, need to diversify in order to grow faster. However, diversification requires ...

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Growth of MSMEs in IT/ITeS constrained by lack of funds

An analysis of 4,000 CRISIL-rated MSMEs shows that those focused on IT/ITeS grew by 12 per cent per annum between FY13 and FY15 Micro, small and medium enterprises operating in the information technology (IT)/IT enabled services (ITeS) space tend to find growth constrained, mainly due to lack of capital. An analysis of 4,000 CRISIL-rated MSMEs shows that those focused on IT/ITeS grew by 12 per cent per annum between FY13 and FY15, compared with nearly 20 per cent for their peers in the service sector. These MSMEs, typically engaged in deploying hardware networks, developing customised apps/software/websites, or providing consulting, need to diversify in order to grow faster. However, diversification requires ... image
Business Standard
177 22

Growth of MSMEs in IT/ITeS constrained by lack of funds

Micro, small and medium enterprises operating in the information technology (IT)/IT enabled services (ITeS) space tend to find growth constrained, mainly due to lack of capital. An analysis of 4,000 CRISIL-rated MSMEs shows that those focused on IT/ITeS grew by 12 per cent per annum between FY13 and FY15, compared with nearly 20 per cent for their peers in the service sector. These MSMEs, typically engaged in deploying hardware networks, developing customised apps/software/websites, or providing consulting, need to diversify in order to grow faster. However, diversification requires ...

image
Business Standard
177 22