Business Leaders of Tomorrow in Micro & Small Enterprises ...old.sidbi.in/files/SIDBI-ET-India-MSE-Award-Booklet.pdfdata and component traceability in tune with shipyard practice

Business Leaders of Tomorrow in Micro & Small Enterprises Sector

January 12, 2019

Hotel Taj Palace, New Delhi

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SIDBI - ET India MSE Award

About SIDBISmall Industries Development Bank of India (SIDBI), established under an Act of the Parliament in 1990, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprises (MSME) sector. Over the years, through its various financial and development measures, the Bank has touched the lives of people across various strata of the society and impacted enterprises over the entire MSME spectrum. The Banks’s footprints as on date includes 9 Regional offices, which aim at improving outreach.

In the context of the changing MSE lending landscape, the role of SIDBI has been realigned through adoption of SIDBI Vision 2.0 which envisages an integrated credit and development support role of the Bank by being a Thought Leader, adopting a credit-plus approach, creating a multiplier effect and serving as an aggregator, in MSE space.

SIDBI has given enhanced focus on Promotion and Development initiatives with theme of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate). Thrust is now on bottom of pyramid, unserved/underserved pockets/segments and overall MSEs. Each engagement is linked to tracking of outcome and Impact.

SIDBI has adopted programmatic approach for fostering inclusivity. Some of the key initiatives include mass connect programme, exposure visit of MSEs, Udyam Abhilasha in 115 aspirational districts, fostering entrepreneurial culture through Swavlamban initiative and so on.

In this series, recognizing the talents and changemakers at micro and small enterprises has been spearheaded to recognize exemplary contributors to entrepreneurial India. This is first of its kind and aims at institutionalizing it with participation of MSE stakeholders.

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- Offering Entrepreneurship Development Programme to entrepreneurs in coordination with reputed institution (IIMs and IITs).

- Supporting capacity building in MSE sector.- Setting up Innovation and incubation centres in

association with reputed institutions.

Building & Nurturing a reservoir of

entrepreneurs

Entrepreneur & Enterprise Promotion

Assimilating North East

Region in main stream

- Exposure visit of MSEs to medium & Large Industries.

- Undertaking Cluster Development Programme.- Employment generation and rural enterprise

creation.

- Entrepreneur Development programmes.- Cluster Development Programmes including EU

Switch Asia programme in bamboo cluster- Skill Development Programmes. - Setting up of business facilitation centre in

collaboration with NEDFI.

SIDBI 2.0 Promotional & Development Initiatives

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Fostering entrepreneurship

culture

Ease of Credit

Structural intervention

- Dissemination and engagement with stake holders to spread entrepreneurship culture.

- Campaign on entrepreneurship education for budding entrepreneurs through SIDBI Swavalamban.

- Providing Entrepreneurship Awareness Programme in aspirational districts to youth through Udyam Abhilasha

- Providing counselling and training support to the unemployed youth and entrepreneurs.

- Providing ease access to MSEs for loan through digital portals such as WWW.udyamimitra.in.

- Providing Bankable Project Profiles.- Access to non financial services including certified

credit counsellors.

- Providing Structural interventions through regular Reports and Index (CriSidEx and MSME Pulse).

SIDBI 2.0 Promotional & Development Initiatives

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Brief on AwardsSIDBI has been facilitating the entrepreneurial dreams through its integrated, innovative and inclusive approach. In line with credit plus approach SIDBI has been taking several initiatives for strengthening MSEs ecosystem. SIDBI, Economic Times and CRISIL have joined hands to recognize the achievements of MSEs to encourage and motivate them to raise the bar and give boost to the ‘Make-in-India’ initiative of the Government of India. This shall also go a long way in benefitting the MSE ecosystem.

The awards are aimed to fulfill the expectation from MSE sector across the country for recognizing their illustrative contribution in the development of the nation. The objective is also to recognize the contribution of the MSEs which have established themselves as role models for other MSEs besides acknowledging and disseminating the information about the contributions by these MSEs in various sectors of economy.

This recognition is expected to further motivate MSEs to be more transparent, imbibe best business and governance practices which will in turn help in attracting both investors and lenders.

The award in lenders’ category recognizes the Banks and NBFCs who are having special focus on MSEs

About 4,700 nominations were made across the categories. CIRISIL shortlisted 280 MSEs, 10 MSE in 28 categories each. 120 MSE were referred to an expert panel which recommended 55 MSE for Jury. The 27 awardees were selected in a transparent manner by a panel of eminent jury.

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There are seven categories of awards

A. BEST MSE : Micro & Small Enterprises(MSE) who have demonstrated an excellent track record in managing a successful business.

B. MOST INNOVATIVE MSE : Micro & Small Enterprises(MSE) who have demonstrated use of innovative products, processes, or services and have the ability to convert the concept into a successful business model. The MSE should also be the first to introduce the innovative concept in India and must have patented the same.

C. YOUNG MSE ACHIEVER: First generation entrepreneur having an excellent track record of establishing and leading a profitable business.

D. WOMAN MSE ACHIEVER: An outstanding woman entrepreneur who holds majority stake in her business and has shown an excellent record in establishing and leading a successful business.

E. ENVIRONMENT FRIENDLY MSE: Best initiative taken by MSE to be environment friendly either in terms of product or process.

F. BEST MSE EXPORTER : Sustainable export business model generating maximum percentage of revenue and profit from exports to various countries.

G. MOST TECH SAVY MSE: MSE which leverages on technology to successfully grow its business and have demonstrated significant improvement in process /product with technology adoption.

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Astra Concrete Products (Panaji, Goa)Award category: MSE of the year, Micro Enterprise

Award category: MSE Exporter of the year, Micro Enterprise

Nature of business: Manufacturing

Astra Concrete Products has been engaged in the manufacturing of construction materials for two decades now. It specialises in fibre concrete spacers, distance tubes, sealing cones and rebar protection caps.

The promoter, Shrikant Parulekar has more than three decades’ experience in the industry.

The firm pioneered the introduction of concrete spacers (cover blocks) in India and has also undertaken several projects in both India and abroad.

It has been exporting its products to countries like New Zealand, Japan, Vietnam, Sri Lanka, Kuwait, Qatar, United Arab Emirates, Saudi Arabia, Malta, Cyprus, Israel and Mauritius since 2005. Around 60% of its revenue comes from exports.

The firm aims to be a global leader in supply of innovative construction accessories and quality concrete

spacers.

Pragati Transmission Private Limited (Bangalore, Karnataka)Award category: MSE of the year, Small Enterprise


Pragati Transmission Pvt Ltd was incorporated in 2005 by Prakash Kadam, Managing Director, who has about 38 years’ experience (1980-2018) in manufacture of gears.

The company supplies precision gears to industries such as aerospace, defence, power tools, machine tools and automobiles. The company also undertakes CNC machine repair and services, and manufacturing of gears, which accounts for about 45% of its revenue.

The company caters to customers across India as well as in Germany, Israel, and the US. Exports contribute 15-20% of its total revenue. The company has established an advanced quality testing division comprising 13 members (which includes highly experienced quality controllers who undertake regular quality checks at various levels). Superior product quality has helped the company get recognition in the international market.

Business Leaders of Tomorrow in Micro Small Enterprises Sector

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Trinity Technologies & Software Solutions Private Limited (Hubli, Karnataka)Award category: MSE of the year, Micro Enterprise

Nature of business: Services

Trinity Technologies & Software Solutions Private Limited provides web designing, web development and other software services, and some hardware services to clients across India and countries such as Africa, Egypt and the US. Since its inception in 2002, the company has been providing services to various state government, central government and private organisations.

The company has expertise in developing software and web applications in domains such as e-commerce, Human Resource Management System (HRMS), Enterprise Resource Planning (ERP), online reservation, GPS-based asset tracking, traffic enforcement, crime mapping and analytics, mobile applications, embedded software, electronic surveillance and software for social media marketing. The company has highly advanced software development laboratory.

The company aspires to become a one-stop solution provider for all software needs.

Atishay Limited (Bhopal, Madhya Pradesh)Award category: MSE of the year, Small Enterprise


Atishay Ltd is a leading information technology-driven company providing e-governance, retail and system integration services to government entities since 1989. The company serves as a vendor for the Office of Chief Electoral Office of Maharashtra and Madhya Pradesh, and processes data of over 8.5 crore citizens. It also executed the Aadhaar project for Maharashtra, Madhya Pradesh, Chhattisgarh and Rajasthan, where it provided end-to-end service from collection of data to issue of Aadhaar cards. The company has developed an online self-service portal (Atishay Online) for services such as online mobile recharge, DTH recharge, bill payment, utility bill payment and domestic money transfer. Through the eMitra project of the Rajasthan government, the company facilitates provision of over 130 government and private services to citizens, including application for driving licence and PAN card and payment of water bills. It also helps the government meet its target of opening one eMitra kiosk every 500 m. The company provides customised turnkey solutions in hardware, software and networking. It has entered into contracts with two public sector undertakings (BSNL and ITI) to provide back-end operation support for their offices in Madhya Pradesh and Chhattisgarh.The company aims to expand the geographical reach of services and make services accessible to rural and underdeveloped parts of the country.

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Bright Engineering Works (Pune Maharashtra)Award category: MSE Exporter of the year, Small Enterprise


Bright Engineering Works has been engaged in manufacture of precision components, mainly CNC turned, milled, and ground parts, for various industries since 1987.

Its products include milling machines, and tungsten, aluminium, and stainless steel parts. It also provides milling, turning, and mechanical assembly services for various types of CNC machines, which enable production of large batches of parts/components (thousand in one production run) as well as small batches of individual parts.

The firm has adopted lean manufacturing practices. As part of the health, safety, and environment policy, it implements measures for environmental protection and safety of employees at work.

The firm caters to international markets such as Russia, the US, Singapore, and Malaysia. Export services constitute around 50% of its total sales.

Its vision is to become a leading and preferred supplier of quality and reliable products in the engineering space globally.

Buoyancy Consultants and Engineering LLP (Panaji, Goa)Award category: MSE Exporter of the year, Micro Enterprise


Buoyancy Consultants and Engineering LLP provides design, engineering and consultancy services for shipbuilding. The promoters, Prasad Prabhakar Sawant, Pratibha Prasad Sawant and Ramniwas Mourya have diploma in shipbuilding engineering and have more than a decade’s experience in the shipbuilding industry. An Indian firm complying with global standards of engineering, it is the only entity in India affiliated with RINA, which provides a wide range of services across the energy, marine, certification, transport and infrastructure industries. Since 2015, the firm has expanded its services to include basic and detailed designs, class drawings, production supervision and information, marine CAD/CAM/CAE, 3D modelling and laser scanning. Its detailed design packages are a result of effective weld planning, assembly planning, shrinkage allowances, weld gaps data and component traceability in tune with shipyard practice. The firm has three offices in India and one office each in Norway, Middle East, and Netherlands. International business contributes about 95% to its total revenue. It has a team of 50 engineers from fields such as shipbuilding, structural, mechanical, and electrical engineering, to execute offshore and onshore projects. The team uses advanced software platforms and practical know-how to tackle multiple coordination challenges and deliver simple yet fundamentally strong solutions.

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Equinox Software and Services Private Limited (Pune Maharashtra)Award category: Best MSE Exporter, Small Enterprise


Incorporated in 2005, Pune-based Equinox offers software services related to industrial automation, process simulation for performance monitoring and optimisation, safety analysis, laboratory automation, design analysis, operator training.

It also provides application software-based training and education for upstream, petroleum refining, chemical, pharmaceutical, petro-chemical, power, fertiliser and metals industries.

Equinox designs and delivers efficient decision-support systems to enable decision making from enterprise-wide raw data. The company has in-depth technical know-how, industry knowledge, rich experience and a successful track record across a dozen countries, where it has delivered projects.

The company mainly caters to large private corporates and has 80 customers across India, Europe, Oman, Bahrain, Middle East, Asia, Thailand, Singapore, Australia, Malaysia, Bahrain and Korea. About 60% of its revenue is generated through exports.

Pahwa MetalTech Private Limited (Pune Maharashtra)Award category: Environment Friendly MSE, Micro Enterprise


A materials technology company, Pahwa MetalTech Pvt Ltd specialises in manufacture of advanced copper alloys and products, which find application in oil and gas, automotive, welding, heavy engineering, defence, electrical and general industries.

The company introduced an innovative copper titanium alloy (QTi®), developed by the Defence Metallurgical Research Laboratory. This alloy is now available for commercialisation as part of the Defence Research and Development Organisation-FICCI ATAC (Accelerated Technology Assessment and Commercialisation) programme.

The company makes non-sparking hand tools from QTi®, which are recommended to be used in environments where there is a risk of fire from sparks due to the presence of hazardous, flammable or combustible vapours, liquids, dusts or residues. These tools are made from high-quality copper and titanium and is free of beryllium, which is one of the most dangerous and toxic metals being disposed in the environment.

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Confident Engineering India Private Limited (Coimbatore Tamilnadu)Award category: Environment Friendly MSE, Small Enterprise


Confident Engineering was set up as All Tech Machine Tools, a proprietorship firm, K Subramaniam in 1976. In 2002, the firm was reconstituted and renamed itself Confident Engineering.

The company offers water and wastewater treatment solutions. It is engaged in manufacturing, installation and servicing of wastewater treatment plants and equipment. Its products are mainly used in the textile industry to recycle the waste water for reusing in the plant. It also manufactures products for wastewater treatment plants for sewage.

The company has installed treatment plants using an innovative electro-coagulation technology in many countries. Some of its products include effluent treatment plant systems, salt recovery systems, activated sludge biological systems, electro-coagulation systems, reverse osmosis systems, and ultra-filtration systems. The company also supplies trash skimmer boats, which are mainly used in cleaning river surfaces.

The company exports its products mainly to Peru, Ecuador, Argentina, Uruguay, Dominican Republic, and Sri Lanka, which generate around 60% of revenue.

Lakshmi Vacuum Heat Treaters Private Limited (Bangalore, Karnataka)Award category: Environment Friendly MSE, Small Enterprise


LN Prasad, Managing Director of Lakshmi Vacuum Heat Treaters Pvt Ltd, has sound knowledge of the vacuum heat treatment technology and more than 25 years’ experience in the industry.

The company has been providing vacuum heat treatment services for automotive, electrical and electronics, fast moving consumer goods, medical equipment, aerospace, defence, and mining industries since 2007. The technology reduces noise level and needs minimal power consumption. It also leads to lower pollution.

The company also provides energy-efficient heat treatment services, which are environment-friendly as well as cost-efficient. It also manufactures state-of-the-art vacuum furnaces.

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Green Morning Horticulture Private Limited (Hyderabad, Telangana)Award category: Environment-friendly MSE, Micro Enterprise


Green Morning Horticulture Private Limited has been engaged in transplanting trees and providing landscape and gardening and nursery services since 2014. The company has transplanted more than 8,000 trees for projects such as widening of roads and installing of rail and electricity lines. It has translocated more than 93 different species, with an average survival rate of 85% for the transplanted trees. It has also successfully relocated trees with more than 6-metre girth and 150 tonne root ball.

Ramachandra Appari, one of the promoters, started this initiative when he noticed trees being cut to widen roads when he was travelling on the Hyderabad-Vijayawada highway in 2009. He researched alternative options for this and zeroed in on translocation after a friend told him about its widespread adoption in Australia. The company has managed to save trees as old as 100 years. Its mission is to help improve the environment by providing tree transplantation services using latest technologies and providing value for money. The company’s knowledgeable team of professionals has over 15 years’ experience, combining the fields of art and science.

Fine Handling & Automation Private Limited (Pune, Maharashtra)Award category: Most Innovative MSE, Micro Enterprise

Nature of business: Manufacturing Incorporated in 2002, Fine Handling & Automation Private Limited is a manufacturer and supplier of high-performing material handling equipment/industrial manipulators. The products are used in the automobile, manufacturing, packaging, textile, paper, wood working, food processing, and chemical industries. The company develops intelligent automation solutions to enable efficient material handling. It transforms existing material-handling processes into fast, safe, ergonomic and efficient ones. It has an innovation centre for industrial manipulators and material-handling solutions with advanced infrastructure. The company has applied for patents for its transportable conveyor, assembly assist mechanism, paver block handling system, and hook mechanism for overhead cable trolley. It uses technologies such as ‘zero gravity’, wherein the operator using the material handling equipment can lift and orient the load in a weightless fashion, and ‘load cell technology for manipulators’, where the handling manipulator is in a state of zero gravity for any weight in a specific weight range. Moreover, it has developed ‘servo-based elbow lift gantries’, which are low-headroom gantries for pick-and-place applications.The company has developed various innovative products such as Elbow Lift (customised handling equipment designed to lift large loads with vertical lift), Accel Loader (solution that helps workers load /unload from trucks or containers), Ergo Seat (designed to eliminate fatigue and effort arising from bending, standing in an awkward, position and repetitive works on automotive assembly line), and Lift n Move (enables fast handling and movement of material and ideal for use in narrow aisles and confined spaces).

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A. Paul Instruments Co. (Delhi)

Award category: Most Tech Savvy, Small Enterprise

Award category: Most Innovative, Small Enterprise


Established as a proprietorship in 1962, A.Paul Instruments Co. manufactures advanced industrial computing systems for applications used by the railway and transport sectors. The company provides IoT design and services, and conducts research and development (R&D) in-house. It has two manufacturing units – an electronic systems design and manufacturing (prototype) centre at New Delhi (an R&D centre) and a 35,000 sq ft integrated EMS unit at Faridabad.

The firm introduced certain products for the first time in India:

Smart-coach solution – A computing solution with a unique edge, the Passenger Information and Coach Computing Unit (PICCU) was developed by the company for Indian Railways, which adopted it as a “transformation” project.

GPS-based Fogsafe System – A custom-designed, GPS-based navigation tool, adopted by Indian Railways.

PICCU/ Smart Coach system/ Supra system – A single integrated computing unit that performs the

functions of passenger information and display system, passenger address/announcement system (PAS) and CCTV/camera/video analytics system for surveillance applications.

RACOMSTM – A predictive maintenance tool, it aims to improve a user’s productivity by continuously monitoring the AC systems and posting fault and operating data onto a cloud-based server. The data captured is put through data analytics tools to present the user with highly value-added and condensed reports, targeting the exact coaches requiring attention.

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AKS IT Services Private Limited (NOIDA, Uttar Pradesh)Award category: Most Innovative MSE, Micro Enterprise


Incorporated in 2006, AKS IT Services provides IT security services and solutions. The company is promoted by highly qualified personnel with more than 40 years of experience in their relevant fields. Its products are used by banks.

The company provides a computer forensic-examination software, AKS Forensic Workshop, which helps in capturing the data from different devices such as mobile phones, hard disks and other devices to crack passwords.

It also provides distributed denial of services and software to filter heavy traffic on websites to reduce cybercrime.

The company also provides other services such as auditing in application security, network security and telecom security, forensic and compliance. About 80% of its revenue comes from government bodies and the rest from the private sector.

The company caters to more than 4,000 customers across India.

Winjit Technologies Private Limited (Bangalore, Karnataka)Award category: Most Innovative, Small Enterprise

Award category: Most Tech Savvy, Small Enterprise


Bengaluru-based Winjit Technologies Pvt Ltd is India’s leading provider of innovative engineering solutions. It was incorporated in 2004 by Ashwin Murari Kandoi, Managing Director.

The company offers businesses end-to-end, real-time solutions from conceptualisation to optimisation. It has built and expanded expertise in latest technologies including the Internet of Things (IoT), artificial intelligence and machine learning, block chain and fintech, product engineering, and digital publishing, to serve customers better.

The company has its own research and development lab and has developed products such as IoT Sense, an advanced full-scale IoT platform that enables connecting modern and legacy protocol sensors on the edge and cloud securely, and PredictSense, an automated machine learning platform built on an open application program interface (API) structure using efficient algorithms.

Recognised as an engineering technology company in both India and abroad, including the US, the UK, Australia, South Africa, and Singapore, Winjit Technologies gets about 75% of its revenue comes from exports.

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Enerzi Microwave Systems Private Limited (Belgaum, Karnataka) Award category: Most Tech Savvy, Micro Enterprise


Enerzi Microwave Systems Pvt Ltd was incorporated in 2007 by Prakash Mugali, Chairman and Managing Director. It manufactures industrial microwave heating systems and components.

The products find application in various industries, including rubber, glass and ceramics, chemicals and pharmaceuticals, powder metals, food and textiles.

The company’s unique selling proposition is that its products have higher productivity, but lower cost. Application of microwave and radio frequency technologies helps reduce energy consumption of the products, and offers superior quality.

Currently, only about 10% of company’s revenue is generated through exports. The management’s vision is to be a global brand in electromagnetic heating solutions in the next few years.

Talent Recruit Software Private Limited (Bangalore, Karnataka)Award category: Most Tech Savvy, Micro Enterprise


Incorporated by Shalini Gupta in 2014, Talent Recruit Software Pvt Ltd is a leading recruitment software services provider.

The company’s recruitment software provides an end-to-end platform that sets the standard for recruitment, along with automated workflows driven by artificial intelligence. The platform streamlines and integrates the entire talent acquisition lifecycle onto a single platform.

The company’s software as a service (SaaS) based software suites include a range of comprehensive applicant tracking systems built on the core principles of intelligence, automation and analytics. The products are user-friendly and applicable to all types of organisations, ranging from clients with a single recruiter to industry giants with over 600 recruiters.

The company has a 20-member team for development, maintenance and enhancement of applications. It has tied up with Chi Networks for cloud services, Madhu Infotech India Pvt Ltd for hardware and telecommunications, and Triad Square InfoSec Pvt Ltd for security and information technology infrastructure support.

The company deals with over 150 customers. Some of the key clients are TESCO, International Business Machines Corporation (IBM), Wockhardt Limited, Randstad India, and ALSTOM.

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Isolators & Isolators (Bhopal, Madhya Pradesh)Award category: Women MSE Achiever, Micro Enterprise


Isolators & Isolators was established in 1989 as a proprietorship firm in Bhopal by Sandhya Mishra, a qualified electrical engineer with over 30 years’ experience in the same line of business.

The firm manufactures BIS level-II-certified distribution transformers of up to 200 KVA capacity and also offers transformer repair services. It is an authorised ancillary of Madhya Pradesh Electricity Board and operates on a tender-based business model, catering to government bodies such as Bharat Heavy Electricals Limited and Madhya Pradesh Kshetra Discom. The proprietor’s vision is to make it a world-class manufacturer of distribution and power transformers and a vendor of choice for top players in the power sector in India by 2020.

Jai Nidhi Automation (Coimbatore, Tamilnadu) Award category: Women MSE Achiever, Small Enterprise


Jai Nidhi Automation was established under the leadership of Bharathi Aruchamy, a qualified company secretary with over two decades’ experience in the casting and precision industry. The firm is a manufacturer, supplier and service provider in the automotive industry, offering quality body parts, aluminium components and brake valve components for automobiles, besides oil refinery components. In 2014, it also ventured into the manufacture of die-casting products for automotive, textile, agricultural, electrical and electronic industries.

The firm specialises in handling medium- and high-volume parts using innovative clamping methods (SMED concepts) in hydraulic fixtures, which reduce setup time and ensure timely delivery. The firm has a highly skilled and talented team of professionals helping in the manufacture of a high-grade range of customised packaging boxes. It has an in-house facility to conduct quality tests at each stage of the manufacturing process, which enhances product quality and offers competitive advantage.

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Shapez N Designs (Chennai, Tamilnadu)Award category: Women MSE Achiever, Micro Enterprise


Hemalatha Ganta, proprietor of Shapez N Designs, is a first-generation entrepreneur with seven years’ experience in interior designing. She took over as the head of the business after the demise of her husband in 2016. She implemented various measures to grow the business and is currently studying architecture, at the age of 34 years. She registered a brand, ‘The Plank’, under the firm and worked to build brand awareness and brand value through delivery of superior quality products and services.

The firm provides end-to-end interior designing services for retail and corporate clients in and around Tamil Nadu. Over its decade-long journey in the industry, it has accumulated experience of working on a number of high-end interior designing projects. It manufactures the raw materials and furniture required in-house at its 9,000 sq ft, completely mechanised manufacturing facility near Chennai. The firm uses 3D visualisation techniques and technical drawings to create customised solutions instead of premade designs. In the past two years, the firm has executed around 2,000 projects. It receives 70% revenue from retail clients and the remaining from corporate clients, including hospitals, hotels and restaurants.

Santhosh Sharp Tools (Bangalore, Karnataka)Award category: Young MSE Achiever, Micro Enterprise

Nature of business: Manufacturing,

Kumar is a first-generation entrepreneur, who set up Santhosh Sharp Tools as a proprietorship in 2008 when he was just 20 years old. Under his leadership, the firm started from a small shed as a tool manufacturing unit and gradually grew by adding more capacity. It went on to import the best available tooling machinery from Australia in 2015.

The firm manufactures various grades of sharp tools, cutting tools, and precision equipment. These products find application in a wide range of industries, including engineering, construction, industrial machinery, and components, automobile and aerospace. It also provides grinding and sharpening services of the above products. On average, this vertical contributes to ~30% of the total revenue.

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Nessa Illumination Technologies Private Limited (Ahmedabad, Gujarat)Award category: Young MSE Achiever, Small Enterprise


Akshat Khare, Managing Director of Nessa Illumination Technologies Private Limited, is a first-generation entrepreneur and holds 43% stake in the company he started in 2008 with his IIT colleagues. Akshat Khare is a BTech (Electrical) and an MTech (Microelectronics) from IIT Bombay and MBA (PGDM) from IIM Ahmedabad.

The company assembles and installs solar, AC-based, and electronic products. Its products find application in industrial lighting, corporate offices, ports, street and highways, power plants, and petrol pumps. It sells its products under the registered brand ‘Nessa’ and specialises in high-power applications. The company also installs domestic and commercial rooftop solar plants. Around 20% of its revenue is generated through exports to African and Middle Eastern countries.

Robolab Technologies Private Limited (Pune, Maharashtra)Award category: Young MSE Achiever, Micro Enterprise


Robolab Technologies was set up by Amol Gulhane, a 28-year old first-generation entrepreneur, along with his business associate, Pratik Deshmukh, in 2013. Amol has an experience of 8 years in robotics technology. The company was incubated under Bhau Institute of Innovation, Entrepreneurship and Leadership, Pune, and College of Engineering, Pune.

Robolab aims to transform the educational facilities available in the country, provide a larger platform to students to showcase their skills and talent, and to create employment for the youth. The company provides robotics technology for the education, industrial and defence sectors.

Under Amol’s leadership, the company expanded its presence to 12 states, including Maharashtra, Telangana, Gujarat, Punjab, Karnataka, Uttar Pradesh and Rajasthan. It has set up ‘Robolabs’ in more than 50 educational institutions.

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Gazon Communications India Limited (Aurangabad, Maharashtra)Award category: Young MSE Achiever, Small Enterprise


Incorporated in 2012, Aurangabad-based Gazon Communications is an internet services provider with a bandwidth to offer 1 GBPS internet and related services. The company also provides public wi-fi services at various places, such as malls and stations.

Under the leadership of its 28-year old managing director, Kishor Desarda, the company developed a security software, Logify, in April 2017. The software, aimed at the education and corporate sectors, is used to capture encrypted packet data from the internet. It is a very useful tool for tracking browser history and monitoring internet activity.

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State Bank Of India

Award Category : Noteworthy lender to the MSE - Public Sector Bank

State Bank of India, the nation’s largest lender is committed to cater needs of MSEs. SBI has 1.5 million MSE customers with market share of 15.64%. 25% of total MSEs are banking with SBI. The Bank has network of 1300 specialized SME Intensive and MSE branches for faster & seamless processing of their loan requests & also to ensure smooth delivery of credit to MSEs. SBI has developed an extensive line of products to MSEs.

To capture the lower segment (up to Rs. 100 lacs) of MSE loans, SBI is aggressively pushing lending through MUDRA, CGTMSE. SBI has always played a vital role in implementation of various government initiatives, schemes & projects. Under CLP, 13000 MSEs have been on boarded to CLP with 20 percent market share. Bank is aggressively marketing Supply Chain finance products under tie-up with Industry Majors (IMs) for financing their dealers and vendors. Bank is offering a vigorous MIS platform for dealers, vendors and IMs with complete information

on transactions. SBI has tied-up with around 250 Industry Majors. Bank has made tie-up with major e-Commerce player Amazon & Flip Kart and are expecting to leverage the partnership in terms of growth in MSE loans Bank has already on-boarded to TReDS platforms viz. RXIL (Receivable Exchange of India Ltd.) and M-ONE (Mynd-Online National Exchange) and getting good business under this new initiative. TReDS (Trade Receivables Discounting System) is an online platform to provide financing to MSMEs through discounting their receivables online from the large Corporates/PSUs/Government Dept through an auction mechanism. This aims to address the problem of inadequate and expensive finance of MSMEs. .

SBI is also working on providing end to end digital solution for small value Mudra loans i.e. upto Rs. 50,000. It is creating a digital platform to finance against Warehouse Receipts (WHR). A Central Commodity Desk at Corporate Center, Mumbai is under process to collate the prices and monitor the fluctuation in prices of the commodities.

The Bank understands that MSE lending is not just lending money but nurturing and developing the entrepreneurial spirit of millions of risk-takers. MSE borrower of today will be a progressive entrepreneur of tomorrow and might eventually become a large corporate enterprise and may contribute significant business to the bank.

Noteworthy efforts in the MSE lending segment

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Bandhan Bank

Award Category : Noteworthy lender to the MSE - Private Sector Bank

Inaugurated on August 23, 2015, Bandhan is the first bank to be set up in eastern part of India after Independence. Bandhan Bank started with 501 branches and 50 ATMs on day one. Currently, Bandhan Bank operates across 34 Indian states and Union Territories through a robust network of 978 branches, 3,014 Doorstep Service Centres (DSCs) and 480 ATMs, catering to more than 15.33 million customers. It has a workforce of about 31,115 employees. Since its launch, the bank has collected deposits more than Rs. 34,369 crore and outstanding loan book is Rs. 35,599 crore.

It offers banking products and services to urban, semi-urban and rural customers alike. While it has a pan-India presence, the special focus remains on eastern and north-eastern part of India. It focus is to meet the financial needs of people who are overlooked by the formal banking system and create better education, healthcare and self-employment opportunities.

In sync with the philosophy of ‘Aapka Bhala, Sabki Bhalai’ and keeping financial inclusion at the heart of it, Bandhan Bank is committed to provide

a host of products and services, competitively at par with India’s top private and state-owned banks.

The success of the organisation is measured by the million lives it has touched and the communities that have blossomed with its tireless efforts.

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Capital Float

Award Category : Noteworthy lender to the MSE - Non Banking Financial Company (NBFC)

Capital Float leverages technology and big data analytics to deliver innovative credit products to businesses and individuals across the country. Through its proprietary digital loan underwriting and origination expertise, it has been able to deliver financing solutions to vast sections of the economy traditionally underserved by financial institutions. It has developed partnerships to finance SMEs across various ecosystems such as e-commerce, manufacturing supply chains, retail, travel and hospitality, and digital remittances. Capital Float has partnered with over 250 companies to offer finance to consumers availing products and services in segments such as education, vocational training, wellness, elective healthcare, home furnishings, electrical equipment, lifestyle, travel, fitness and consumer durables

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KNOWLEDGE PARTNER

PARTNER

OTHER PARTNERS

www.sidbi.in

Documents

Business Leaders of Tomorrow in Micro & Small Enterprises ...old.sidbi.in/files/SIDBI-ET-India-MSE-Award-Booklet.pdfdata and component traceability in tune with shipyard practice