Page 5 - Sme Companies

SME listings to undergo changes, AIBI to review eligibility, framework

Industry body forms committee to review networth threshold

India to grow into a $7 trillion economy by 2030, says PHDCCI report

The analysis is based on lead macroeconomic indicators including the GDP Growth, Export Growth, Gross National Savings, Total Investments, and Debt to GDP Ratio

Honeywell eyes 30% revenue growth from its Impact brand: Ashish Modi

Honeywell is eyeing around 30 per cent revenue growth in the next few years from its Impact brand, which provides sustainable and digital solutions for Indian businesses especially the MSME segment. "Since the last 3-4 years we have been growing at 30 per cent. We will grow at 30 per cent or at high double-digit given the growing Micro, Small and Medium Enterprises (MSMEs) in the country," Honeywell India Country President Ashish Modi told PTI. Pune-headquartered Impact by Honeywell was incubated in 2019, to develop sustainable and digital products that can enable MSMEs to optimise their business operations, boost process efficiency and performance and optimise costs. "When you go to the market, reaching the masses is very different when you want to reach your handful of customers and that's been a big learning. We absolutely wanted to do something meaningful in 'Make in India'... "So we had to think about how we would think about innovation because, again, reaching the masses at t

The SME IPO boom needs to last for the sake of future billionaires

The 161 businesses which are listed in the SME segment of Indian stock exchanges allocated nearly 94 per cent of the money raised to meet company requirements

Chatroom: Extension for exports realisation, RBI should review instructions

You cannot amend the shipping bills and so, you may explain the error to the bank and seek write-off or closure of the entries

BSE SME stocks see total m-cap crossing Rs 1 trn on investor exuberance

The BSE SME IPO index has surged over 2,400 per cent since the end of 2019

CHATROOM: Merchanting trade transactions must be completed within 9 months

TNC Rajagopalan answers SME queries related to GST, export and import matters

Small but mighty: SME IPOs break records with one every 1.38 days

Market players say the record number of SME IPOs this year has been fuelled by retail euphoria underpinned by encouraging post-listing performance

SAP bets big on GenAI driven by strong demand for digital transformation

SAP has launched Build Code Solutions that offer AI-powered productivity tools for developers, optimised for Java and JavaScript development

'EPCG: Doubts persist over maintaining annual average exports of services'

TNC Rajagopalan answers SME queries related to GST, export and import matters

SKI Capital, PROSE partners to tap over Rs 2,500 crore SME IPO market

Merchant banker SKI Capital on Monday said it has collaborated with communication firm PROSE Integrated to tap over Rs 2,500 crore Indian Small and Medium Enterprises (SME) IPO market. The main aim of this alliance is to make entrepreneurs and promoters of SMEs as well as potential investors aware of this opportunity, the two firms said in a joint statement. Earlier this year, SKI Capital achieved registration from the Sebi for its alternative investment fund (AIF) focused on the SME initial public offerings (IPOs). With a target corpus of Rs 600 crore, the AIF is specifically focused on providing SMEs with vital capital and strategic support. SKI Capital's AIF also closed its first and initial investment in an SME IPO and filed DRHP (drat red herring prospectus) for two SME IPOs as the lead manager. PROSE Integrated will provide deep domain expertise to identify potential SMEs and promote SME IPOs by increasing awareness amongst investors across India. SME IPOs have seen a record

BimaKavach receives IRDAI's approval for direct insurance broking

In 2022, the company secured $2 million in funding from WaterBridge Ventures, Blume Ventures, Arali Ventures, and Eximius Ventures

Revving up: Outlook, opportunities for auto component SMEs in 2024

The replacement market is expected to modestly increase in 2024, following its improvement in 2023, driven by higher sales in FY19

Curbs imposed on companies may apply brakes on rising SME volumes

Market players said the curbs will clamp down on speculative activity and attract serious buyers

SME stocks to come under additional surveillance, T2T framework: NSE

The process of identifying stocks moving to the TFT segment will be done fortnightly and stocks moving to and from the segment shall be on a quarterly basis

Himachal govt to provide collateral-free loan to small-scale enterprises

The Himachal Pradesh government on Saturday announced the launch of a scheme to offer collateral-free loans to small-scale enterprises and skill-based workers such as cobblers, tailors, barbers and vegetable vendors. The state government has earmarked Rs 40 crore for the Mukhya Mantri Laghu Dukandar Kalyan Yojna (MMLDKY) and said that it will target the inclusion of 75,000 individuals falling in the 18-55 age bracket in its initial phase, a statement issued here on Saturday said. The government has devised a comprehensive scheme to offer collateral-free loans, aiming to financially fortify small scale enterprises and would provide accessible loans of up to Rs 50,000 with a substantial 50 per cent interest subsidy, the statement added. "The scheme aims to empower small entrepreneurs and uplift the state's economy", Chief Minister Sukhvinder Singh Sukhu said. He added that the government envisions providing vital support to those who often face hurdles in accessing financial resource

Alternate financing poised to capitalise on $570 bn SME credit opportunity

India is home to 64 million micro, small and medium enterprises (MSMEs), contributing 30 per cent of the nation's GDP

80% of SMEs think govt funding key to unlocking digitalisation: Survey

A majority (80 per cent) of small and medium enterprises in the country believe the government funding is key to unlocking digitalisation in the future, according to a study by Gartner-acquired software selection platform Capterra. The 'State of Digitalisation in India survey: Major barriers and role of government' report is based on responses collected from 435 respondents, including a group of managers, senior managers, or CEOs and founders -- labelled as decision makers. Out of these, 341 work for small and medium enterprises (SMEs), while 94 work for companies having more than 250 employees. The study found that 65 per cent of surveyed companies have received government funding for digitisation at least once, while 52 per cent of respondents said digitalisation would be challenging or even impossible without government funding. At least 8 out of 10 think there should be more funding initiatives to facilitate digitalisation, the study said. Issues in cybersecurity emerged as the

Digital financial platform Tide unveils invoicing solutions to serve SMEs

Tide India, a digital financial platform provider, has unveiled invoicing solutions for small and medium enterprises, the company said on Wednesday. The move is to enable the SMEs to strengthen regulatory compliance, optimise invoicing processes, reduce costs and thereby enhancing operational efficiency. According to a study undertaken by Tide India, nearly 77 per cent of SMEs in Tamil Nadu face challenges with book keeping and invoicing, a company statement said. "We at Tide, believe in helping businesses -- whether it is a contractor, freelancer, trader or small business owner -- save time and money. Our invoicing solution takes us one step further in this direction and allows us to streamline processes for SMEs," Tide India CEO Gurjodhpal Singh said. The invoicing solution offered by Tide India would help SMEs to send personalised and Goods and Services Tax (GST) compliant invoices to customers directly from the mobile application.

Tiger Logistics, OneNDF sign pact for collateral-free loan to SME exporters

Global logistics firm Tiger Logistics (India) on Monday said it has signed a pact with online loan marketplace OneNDF to facilitate collateral-free cargo value financing for SME exporters. The tie-up will also help Tiger Logistics integrate the financing solution with its digital freight booking and management platform FreightJar to provide enhanced access to cash to these exporters, it said. The cargo value financing solution will enable 90 per cent of export invoice value to be financed within 48 hours, the company claimed. SME exports are crucial to the economy, and bridging and bringing access through short-term funding will open up new opportunities for us to scale in the SME segment, Harpreet Singh Malhotra, chairman and managing director, Tiger Logistics (India) Ltd, said. The association with OneNDF will enable the company's SME customers to access working capital seamlessly without any collateral, he added. The collaboration will help Tiger Logistics scale its exports in