by Rajen KumarMiddlemen Rule PSU Banks
The Union Finance Ministrys recent advisory to the public sector banks to take a tough stand while sanctioning loans to the corporate houses is, to say the least, amusing. The advisory,...
Special ReportsOct 2013
Association of Healthcare Providers India AHPI represents the vast majority of healthcare providers in India to work as not for profit organization for advocacy with...
“ERP Lite” – Affordable and Web-based Solution for Small Businesses
In todays fast paced business environment, companies that are not taking advantages of web based technologies are definitely going to get back tracked. It has been found that a majority of the companies are ignorant about ERP systems and its implementation, mainly from the SME sector. Majority of the SME companies are ignorant about implementation of new technologies. The prime reason for the small and medium scale companies shying away from latest technologies are due to the cost factors. In many cases they are compelled to invest huge amount in a conventional ERP system. Not going for ERP system may however affect their business process. To address the ERP requirements of this sector, eresource ERP has launched an eresource ERP Lite version.
Are You Listening?
One is 1000 children in India is born with hearing impairment. Around 12 in 10,000 children are born with a moderate or greater hearing loss in both ears, and at least 20 in 10,000 will need aids for long term hearing loss by the age of 17 years. While there have been no studies to indicate that more and more people are developing hearing problems, doctors say in recent times many youngsters have started complaining of hearing disorders.
Edelweiss Housing Finance
Edelweiss Housing Finance Limited EHFL is a Housing Finance Company incorporated under the aegis of the National Housing Bank NHB. It is part of the Edelweiss Group of Companies. Currently operational in Mumbai, Delhi, Bangalore and Pune, EHFL is expected to start operations across 4 cities in India within this fiscal and 12 to 20 cities and towns by FY13 reaching out to over 90% of the countrys housing finance market. EHFL targets a loan book of about Rs. 3,000 crore by 2015. It is one of the very few companies that offer loans up to 25 year tenure. Its superior risk management practices capture the smallest nuances enabling them to offer marginally higher loans than competition.
Enhancing Crop Yield with TRACTOR Brand Crop Care Solution
With the crucial Kharif season, Insecticides India Ltd. IIL, a BSE and NSE listed agro chemicals manufacturing company is offering two new products, XPLODE and LOGO, to help them fight the menace of crop disease and pests.
Enhancing Sleep Comfort – King Koil
Some of the most common discomforts in our lives can be attributed to our inability to manage a good nights sleep. Apart from stress and other physical ailments, one of the key causes is a bad mattress or pillow. The King Koil brand mattresses and sleep related products are made in over 60 factories worldwide and the brand is strongly monitored on quality and specifications from its parent companies in USA, especially in the hospitality sector. King Koil has been a strong preferred brand for the hospitality segment globally, especially in the Asia Pacific and Middle East regions. Nearly all the top hospitality brands in the upscale segment have been dominated by King Koil brand.
Pegasus Toykraft – Shaping the Young Mind
Whether it is play or educational value in a preschool toy, assembling skills in metal construction kits, creative ability in the craft and hobby range or learning skills encountered with puzzles and board games all the products should be carefully researched and developed with these values in mind.
ADVAIYA - Marketing Solution Providers
Derived from the Sanskrit word describing intrinsic oneness, Advaiya was established in Udaipur based on the conviction of removing the apparent dichotomy of business and technology in 2005. Within less than a decade, it has rapidly evolved to extend the breadth of its experience and depth of its capabilities for large, niche players as well as innovative startups. Today, with offices in Washington and Silicon Valley, Advaiya offers its high value services to many of the top companies around the world.
First & Largest PRO AV (Audio Visual) Exhibition in India
InfoComm International is the trade association representing the Pro AV and information communications industries worldwide. Established in 1939, InfoComm has more than 5,000 members, including manufacturers, systems integrators, dealers and distributors, independent consultants, programmers, rental and staging companies, end-users and multimedia professionals from more than 80 countries.
Government Meting Out Raw Deal to Ayurveda
Lack of awareness is mainly due to the following factors. Governments raw deal to Ayurveda with inadequate budget allocations and absence of any pragmatic policies and schemes to promote the system. However, countries like China propagate their traditional system like ours in a big way. In India, Kerala state is promoting Ayurveda effectively.
Our Aim is to Keep India at the Forefront of Medical Technology: Dr. Harsh Mahajan
In the year 1988, a young doctor returned home after spending one year in the United States of America after learning about a new diagnostic modality called MRI Magnetic Resonance Imaging. This was a time when the common perception of a radiologist was that of one who reads only X Rays. He left the greener pastures of the west for a dream to provide world class imaging facilities to the people of India.
Yawning Gaps in Healthcare Industry: Dr. K. Ravindranath
Acknowledged as a pioneer, with over 25000 Laparoscopic surgeries, Dr. K. Ravindranath, has, over the years, gained the reputation of being a pioneer in various surgical and developmental projects. He developed Indias most comprehensive Hospital dedicated for Gastroenterology and a center to efficiently conduct the complicated procedure of organ transplantation
Young Medical Entrepreneurs Must Emphasize on Service: Dr. Arvind Lal
Established in 1949, Dr Lal PathLabs today is the largest diagnostic service provider in the country. It has a proven track record of over six decades for strict adherence to international standards and benchmarks. Dr Lal PathLabs offers the widest test menu and has a pan India presence in all important cities and towns, in the form of state-of the art laboratories and patient service centers. Its employee strength of over 2500 serving over 10 million customers every year, the highest in the country.
Growth and Success is like a Flight of Stairs with No Elevator: Dr. Vikram Shah
In all, Shalby has 5 Hospitals across India and 16 OPD clinics including a patient counseling center at Nairobi, Kenya. Shalby has further strengthened the healthcare infrastructure in the state and has emerged as a benchmark in quality standards in healthcare delivery. It is known for its excellence in the field of joint replacement surgeries. The precision and accuracy in the Total Knee Replacement surgery, puts Shelby at the top position in the world. Today as a single centre it has performed the highest number of joint replacement surgeries, adding up to more than 40,000 till now.
Healthcare Spending in India is Among World's Lowest
From a cluster of small clinics to a conglomerate of the largest chain of hospitals, medical centers and pharmacies functional across the region and the subcontinent is dynamic journey of DM Healthcare Group. Founded in 1987 by the Illustrious Dr. Azad Moopen who had a clear vision to bring healthcare at the doorsteps of the needy, the Group today boasts of spreading its wings across continents. He dexterously combined his professional acumen with his values and business traits with propriety and drew up an agenda of service to the society. In any business, profit is always the bye product. What matters is your credibility and contribution in improving and touching lives,believes Dr. Moopen.
Injecting “Pre-Filled Syringe” Solutions World-Over – Roselabs Bioscience Ltd.
Pre filled syringe PFS is one of the most sophisticated medical devices in todays world. There are only a handful of players in the world who make either glass or polymer PFS and they are dependent on a few other players for supply of other components. In turn, these companies then supply these complete empty syringes to the pharmaceutical companies to get the filling done. The unique selling proposition of Roselabs is that it offers a composite PFS solution under one roof. The existing and potential market for pre filled syringes in India and globally is huge. Nearly 95 percent of PFS are imported into India which is one of the fastest growing markets for this sector,
Sharjah free Zones set to achieve 25% YOY Growth: Dr. Rashid Alleem
In an exclusive interaction with SME WORLD, Dr. Rashid Alleem, Director General, Sharjah Department of Sea Ports and Customs and Sharjah Free Zones Authority, UAE, has strongly advocated for the green initiatives by the industries round the globe. The wave of sustainability which he ardently believes must touch every growth path. Lessons of the infamous economic meltdown should in fact strengthen our resolve for sustainability, he says and considers SMEs set to call the shots in the future economies.
Cost Cutting & Knowledge Sharing Strategies Only Way Out for SMEs, Says Gurinder
Young and vibrant Gurinder Singh Sihra, Joint Managing Director & CEO, Guru Nanak Auto Enterprises Limited, joined the family business of auto components manufacturing and exports at a time when India was facing challenges of building up massive infrastructure in consistence with international players and meeting global quality standards. It didnt deter me the least despite the fact that Indian exports were at the crossroads facing challenges from highly industrialized countries but then fortunately I belonged to an industrial house which had already made its mark in the global markets and had an enviable track record, says Gurinder.
Democratizing Media Options in India – THE MEDIA ANT
There lies a huge gap between businesses and media owners. Businesses dont have information related to all the media options and media owners have no easy way to reach out to 1000s of advertisers. The Media Ant company believes that democratization of information in this space will help smaller businesses build a brand and help media owners utilize their spaces effectively, hence leading to better economics for the businesses.
Curing Taste Bud Boredom
What began as a simple recipe for citrus marinated grilled chicken delicacies in Miami has today grown to offer a world of tropical flavours through Pollo Tropicals popular chain of restaurants across America, the Caribbean and now in India. Think fresh, never frozen, open flame grilled chicken marinated in a proprietary blend of tropical fruit juices and spices, as well as authentic made from scratch side dishes and you are ready to experience dining at Pollo Tropical that thrives on this unique restaurant concept.
ODigMa – The Digital Marketing Change-Makers
ODigMa is Indias leading online marketing firm which offers innovative solutions for companies to connect with their consumers on the web. ODigMa has serviced over 350 clients including brands like Aditya Birla, MTS, Marks & Spencer, MakeMyTrip, HiDesign, Tata DoCoMo, Indusleague, Airtel etc.
Transforming the Bland to Blazing
In 1923, as part of the Swadeshi Movement, the founders of Bharat Floorings and Tiles spearheaded the cement tile manufacturing industry in India, building a company on the principles of innovation, value, quality and business ethics.
Robotics in Education and Industry - JAY ROBOTIX
JAY ROBOTIX has evolved as one of Indias few multidimensional robotics firms, within a short span of time. Today, the company has diversified into providing services and products to various sectors such as education, industrial and defence.
IFCs Global Trade Finance Program Creating Access to Finance for MSMEs
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in more than 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and promote shared prosperity. In FY13, our investments climbed to an all time high of nearly 25 billion, leveraging the power of the private sector to create jobs and tackle the worlds most pressing development challenges.
Indias First Dental Stem Cell Bank - STEMADE
Stemade is Indias first private dental stem cell bank established in 2009. The company went into commercial operations in 2010. This revolutionary technology was discovered in 2008. With a current presence in 7 cities within India, the company has strong plans for expansion to atleast 50 Indian cities in this financial year as well as making entry into Singapore, Malaysia, Australia and Middle East.
Saferock Mineral Can Increase Agri Yield by upto 30%
SafeRock Minerals Ltd, a U based company, owns the natural mineral resource which has been branded as SafeRock Agri; along with SafeRock Health and SafeRock Feed. Geologists tell us that this totally natural resource was created by the geological action of the continental shelf pushing sedimentary deposits up from the sea bed creating the surface deposits recently discovered in Northern Ireland.
SMEs No More a Second Fiddle
A well known marketing Guru once remarked,Doing business without advertising is like winking at a girl in the dark. You know what you are doing but nobody else does. Yes, advertisements do have sharp eyes winking at anyone and everyone and in full open lights. Advertising has become one of the most important things present in our society today, like an old slogan puts it Advertising, your right to choose.
Unable to Complete Higher Studies, He Made His Mark in IT Sector
Dynamic first generation businessman Sudheer Nair, founded eresource Infotech Pvt Ltd in 2006. With no academic background in technology, Sudheer started his career with one typewriter to reach the pinnacle of success today with a talented team professionals who have made their mark in the field of Information Technology.
A Dominating Force in the Indian Tea Scene
Wagh Bakri Tea Group is a premium tea group in existence since 1892. Today it is the 3rd largest packaged tea company in India with a turnover of over Rs. 750 crores and over 30 million kilograms of tea distribution.
Serving Emerging SME's with Business Insight
Established in 2000, Acumen Business Consulting is a management consulting firm dedicated to deliver business success to organizations globally. Acumen recognizes the potential of the highly emerging SMEs in the growth of our country. The company thus plays a catalysts role, serving enterprises, right from mid sized, emerging, and family managed businesses to multinational corporations. Acumen has conducted over 110 engagements across India covering industry verticals like Manufacturing, Real Estate, FMCG, Telecom, Automotive and Pharmaceutical, both domestic and international.
Have “Chai with Lakshmi” Rebecca
Problem-based Learning Methodology
Advancement in the field of education is probably only surpassed by those in Medicine and Information Technology. In the recent years, there has been a spurt of institutions aiming to serve the growing demand for generalized management skills to compete in this highly networked world. Management institutions are a dime a dozen. Sifting through the course curriculum of management programs, one might see a lot of similarity and that is quite understandable. How does the wheat get separated from the chaff? The differentiating element is how the curriculum is being delivered to students, how they are absorbing it and utilizing the same in real world scenario.
Promoting Fitness 24 X 7
Launched in the year 2008 in India, it is one of the top 3 companies in the country in the area of organized health and fitness segment. Headquartered in Minneapolis, Snap Fitness is the worlds fastest growing health club chain with a global presence. Peter Taunton initiated and executed this idea with a vision to create a fitter world. The Terrestrial spread embraces countries like United States, Canada, India, Australia, Mexico, Singapore, New Zealand, UK and Egypt with over 2200 centers. It provides its members a fast, convenient and affordable workout alternative. The facilities feature round the clock access, cardio and strength training equipment that set overall industry standards.
KAMIKAZE B2B Media
Kamikaze B2B Media is involved in B2B Marketing Services, conferences, executive search, and publication. Harish Bhatia, the Founder and CEO of Kamikaze shared with SME WORLD how their services can be of help to SMEs.
IIMJOBS.COM – The “QUALITY focused” Job Portal
After graduating from IIM Indore, I realized that as a jobseeker, my peers and I weren\'t finding the right and relevant opportunities via traditional recruitment sites. There were hardly any high quality job opportunities being advertised and whatever little were out there, were being serviced via unstructured channels such as Alumni cells and mailing lists.
Harnessing Solar Energy for Air Cooling
Solar energy is emerging as a major source of power all over the world. India too is in the run to tap the potentials of solar energy. We heard a lot about solar lanterns, home lighting systems and solar water heaters.
Technology On-DEMAND - iYogi
iYogi\'s services for the SMB market include comprehensive remote and on-site technical support for the widest variety of computing devices and software in the country, which it provides through its robust proprietary cloud platform – the Digital Services Cloud. With each customer interaction, the platform gets smarter – documenting every problem, solution and relevant hardware and software specs while capturing each customer\'s demographic information and creates a behavioral profile.
kyocera believes Corporate is first a member of society
The Kyocera Group is a diverse enterprise of 235 companies worldwide with global headquarters in Kyoto, and regards a corporation as a member of society. Irrespective of the times, Kyocera aims to fulfill our responsibility as a corporate citizen that supports our local communities and the world at large. Not just in business, but also through diverse social contributions, to continue to work towards the betterment of the world and its people.
“Responsible Business Practices Can Address Poverty Issues”
Partners in Change(PIC) was established as a not-for-profit organization in 1995 specifically to promote CSR in India and since then it remained a pioneer in building awareness and capacity assisting companies in becoming partners in development by promoting partnerships among business, disadvantaged communities, development initiatives and the government.
Empowering SMBs with Business Function as a Service
With the fast paced adoption of cloud taking place we have seen over 5,000 large enterprises and over 10 million SMBs ready to consume IT, the $30 Bn+ domestic IT market is expected to grow between 15-18% in 2013 as per Zinnov report.
Over 50,000 Students have been under Globsyn’s Umbrella
A first generation entrepreneur and an alumnus of the prestigious Harvard Business School and Indian Institute of Technology, Kharagpur, India, Bikram Dasgupta is among the select breed of professionals who have kick-started the IT revolution in India. He has been at the forefront of founding and building organizations, mentoring human resources and spearheading industry associations in the sector, which have gone a long way in putting India firmly on the global IT map.
Ready to Operate Virtual Office Spaces
The concept of service apartments have been in place for quite a while. There growth and acceptance has been propelled by multiple factors like escalating real estate prices, operating cost (housekeeping) of the facilities, frequently shifting work processes, migratory or project-based personnel and business strategy based on economic movements.
Financially Enabling SMEs
Concentrating on Research CapitalVia
CapitalVia Global Research Limited is a pure play research company focusing on Technical Analysis that provides real time financial markets recommendation (Trading Signals) to its customers for intra-day and short term trading on real time data. The team consists of highly qualified analysts who are skilled and impeccable in their analysis by predicting the movements in share markets on time and with high accuracy.
“The India consumption story is real”
Exelixi Management Company, which is a young retail focused venture that helps international brands develop and establish themselves in India. The idea behind Exelixi is to be the preferred gateway of choice for International or regional consumer brands looking to enter, and build a substantial presence in India, in a short time.
Rising Brand in the Indian Ceramic Industry
Panaria Group has recently entered into a 50:50 joint venture with Asian Granito India Limited which; is among the top 5 Indian ceramic tile manufacturers and one of the leading manufacturers of porcelain stoneware in India. This JV company Asian Panaria plans to invest Rs 100 cr over next 3-5 years and for now will exclusively be focusing on ultra luxury high–end tiles market in India. Their products will be sold under the brand 'Bellissimo – STILE ITALIANO' to reflect Italian elegance, technology and innovation. Bellissimo aims to become the market leader in the Indian luxury ceramic tiles market in the next five years and capture 35% of the total luxury market share in value terms.
Delhi Entrepreneur Network - Fostering Mutual Growth
This is the age of networking and crowd power. People are breaking walls and reaching out to build on each other's strength and competency. Delhi Entrepreneur Network is a one such amazing platform to help Entrepreneurs, Business Owners, Self Employed Professionals and Investors to come together.
Global Warming Heralds Symphony's Latest Opus
Research shows that productivity increases manifold in a comfortable working environment A NASA report has stated that at 38 degrees temperature there is a 62% loss of work output and at 41 degrees it goes up to 79%. So, the potential for industrial air cooling in India, where air conditioning is just not feasible, is enormous and Symphony's target is to become the largest national and branded player over the next three years. Established in 1988, Symphony was a BIFR (Board of Industrial & Financial Reconstruction) case in 2003. Thereafter a turnaround was affected and in 2011 the company became the largest air cooler company in the world.
SWISS MILITARY- Functionality Coupled with Quality
SWISS MILITARY is a Premium Lifestyle Accessories Brand synonymous with finesse, functionality and quality coupled with surprisingly affordable prices. The company is recognized for capturing international trends in its product spectrum with strict adherence to quality.
Stocks to Soaps, Finance to Fragrance Charting a Whole New Course
Nyassa has its origin in a Sanskrit word that means healing through touch by chanting tantras and mantras. Nyassa was the dream of Ishween Anand, born out of her passion for making natural bath and body products. Nyassa is a company that manufactures natural and handmade bath and body products that fall into nine categories which includes Accessories, Bath, Body, Face, Fragrance, Hair, Hands & Feet, Home and Soaps.
SMESAUDA.COM- This Portal is the Real DEAL for SMEs
India, the fastest growing economy holds the largest population of small and medium business among the BRIC countries and the US. The SME sector contributed around 22% to the country's GDP this year, despite the growing number of SME's in India, there is least done for their survival in the nation.
Rising Star in Indian Publishing Scenario- Mudit Mohini's Vishv Books
Being from the Delhi Press family looks like an advantage to many but actually it's not.” With these words, Mudit Mohini is out to take the publishing world by storm. Mudit Mohini, the young and dynamic entrepreneur behind Vishv Books today, a New Delhi based publishing and printing house which has over 4,00,000 sq ft of office space just to accommodate the aesthetics of a publishing Company. Vishv Books is one of the pioneer publishing and printing house in India, which has more than 1500 active titles. The well spread infrastructure includes 4 State of art printing centers, 18 offices across India. Today 1100 employees work ceaselessly with Mudit towards making Vishv Books a power to reckon.
Innovative Environmental Friendly Business Concept of GreenTek Reman and GreenDust
Considering the mounds of waste generated in households, small and big enterprises and industries, there is a growing concern on how to dispose-off these different kinds of waste? Where there is need, there is a way. Means and mode to tackle the issue has opened tremendous business potential for innovative and socially conscious entrepreneurs.
Amalgamation of Ideas for End to End Business Solution – Aidias
Aidias (pronounced 'Ideas') was born in 2004 when IIT-IIM graduate Deepak Pramanik, after 17 years of working in the consumer products and media industries, decided to start a consulting business offering strategies, market research and training services to clients and to help accelerate their growth. In 2011, Anjan Majumdar, who had spent more than two decades in top-end management consulting, including at Price Waterhouse Coopers (PwC) and IBM, where he was a Partner and Executive Director, and served hundreds of clients globally, and Sanjiv Vaidya, who, after IIT-IIM, had worked in India and the Middle East with well-known brands like Godrej, Tata and Forbes, decided to join hands with Deepak to create and build a strong professional services organization.
We Are Not into Making Helmets but Saving Lives.”A Saga of Steel behind Steelbird
The famous quote that "there is no great talent without great will power" sits aptly on Subhash Kapur, now in his 70s, and who can give a wistful look at the struggle he has been through! Call it a story of an edifice of success built brick by brick on a base, nurtured in the nursery of patience and perseverance.
Aiming to be the Best in the Service Industry
DTDC is India's Largest Express Delivery Network, comprising of over 5800 Channel Partners spread across the country and a strength of 22,000 professionals enabling deliveries of 11 million consignments per month across over 10,000 pin-codes in India. Started in 1990 and headquartered in Bangalore, today DTDC also has a significant global footprint and services 240 international locations including USA, UK, Canada, UAE, Hong Kong, Australia, China and all ASEAN countries, through its own operations, joint ventures and business associates. It offers products that address all Logistics-related needs of its clients, ranging from Express Documents to Heavy Cargo, from Domestic Premium Products to International Delivery, and from Supply Chain Solutions to Warehousing.
Tracking and Trading Non-Performing Assets
Launched on August 19, 2011, NPAsource.com is a platform that provides a global network to Banks and helps potential and genuine investors who are looking to invest in a particular industry but are not able to check various options of buying out the existing facilities or resources within their choice of parameters. This platform also abolishes the syndicate of local auctioneers who generally buy NPA properties at a lower price than their actual market realization values.
Ignis Aerospace & Design is Poised to Fly High
Ignis Aerospace & Design Private Limited is one of the entities under the Bangalore based Ignis Group of Companies. It came into existence in 2010 with an initial investment of somewhere around Rs 40 lakh, mainly on softwares. Nihar Ranjan Samantara is the Founder and Chairman, Ignis Group of Companies.
SAP Innovative Solution for SMEs
The ERP giant SAP needs no introduction. It has created an identity of its own similar to “Cadbury” or “Xerox” often used to refer to chocolates or photocopying. SAP is synonymous to ERP but it was often considered to be accessible and meaningful to large companies with deep IT budgets and a pool of human resource to drive the systems.
360 Degree Human Resource Management through HR Anexi
Human resource management is often a support function in most organizations. Owing to the complex laws and regulations as well as need for scientifically identifying training and development needs of employees and fulfilling them, it makes an astute sense to let the specialists do the job.
Branding Benefits for SMEs
A brand is the perception about a company, a product or a service. A brand can be a person too. The perception is a combination of many things. It starts with a logo – the FACE of the brand. Like people, people judge companies by their logo – professional or home grown, large or aggressive - first. Next is how they present themselves, how phone calls are answered, how the doorman greets them, what is the experience while opening a product – there are many touch points that add up to a holistic brand experience.
Intelligent STORAGE Solution for SMEs
In a discussion with Praveen Sahai of Iomega, SMEWORLD discussed their views on IT and the MSME segment, their solutions especially data recovery which is an extremely crucial component in today's e-enabled world.
Concentrating on Strengthening MSMEs
The Federation of Gujarat Industries triggers its MSME members in direction of innovating, adopt cutting edge technologies, deliver customized solutions, develop and maintain global standard in manufacturing qualities and specification. The challenge, for the MSMEs is to proactively respond to changing customer expectations and build a better, sustainable business so that productivity/output can be increased and costs/rejections can be decreased to increase profits.
Entrepreneurial Tenacity and Achievement – Anuja Lath
Now A Herbal Wine to Whine Away Your Health Blues
A traditional bastion of the Western India, Wine production has now come to North India. If you think that Wine has grape ingredients only, you are wrong. North India may not have the wine-friendly grape cultivation but it has mango in abundance. So mango and lychee wines have hit the markets. In 2008, Nirvana Biosys earned the distinction of setting up the first winery in Northern India. A joint venture with E.C. Oxenham & CY. Ltd.,
Government Initiatives Open to Unorganised Sector Efforts to Make Schemes Entrepreneur-Friendly Underway: MSMEs Secretary Mathur
The National Commission for the Enterprises in the Unorganized Sector (NCEUS) has examined problems confronting enterprises in the unorganized sector and submitted its report with various recommendations to provide technological, marketing and credit support to the enterprises.
Reducing Business Costs Through Effective Simulation
SolidWorks has experienced exponential growth owing to its expertise in 3D CAD solutions specific to the needs of industry segments, ease of use which contributes to a faster learning curve for design engineers, better productivity for manufacturers and its extensive value-added reseller (VAR) network located in all major cities in India.
In Sickness and in Health, In Good Times and Bad – Trust Activitas
Many entrepreneurs today have wonderful business ideas and concepts. They have fair knowledge of the market too but when it zeroes in on finance or allied issues, most of these individuals or family managed firms and enterprises falter to an extent. It is nobody's fault. The subject of commerce, finance and legalities are so complex, inter-related and vast that it is practically unfeasible for the business owners to master them and find their way through the maze.
Procurement from SMEs EEPC Efforts to Bring Together Stakeholders
The Engineering Export Promotion Council (EEPC) has chalked out an elaborate programme to translate the Public Procurment Policy announced recently into action. India Engineering Sourcing Show in Mumbai this month is an attempt to bring together the SMEs and the PSUs to assess the requirements and spread awareness amongst the various stakeholders.
Entrepreneurial Development through Agri-Incubation
Central Institute of Fisheries Technology, Cochin has setup a Business Planning dna Development Unit (BPD Unit). This unit is an Agri-Business Incubator providing 'one-stop-shop solution' to meet all business needs of an Entrepreneur in food processing and packaging sector. Supported by Indian Council of Agricultural Research (ICAR) through the World Bank aided National Agricultural Innovation Project (NAIP), BPD Unit helps entrepreneurs access technologies and expertise available at agricultural institutes in southern India.
Engaging SMEs to Suitably Manage Business Risk SBI General Insurance
Business is about risks and returns. Every business venture is fraught with various types of risk like fire or theft in the factory or office premises, loss of business, goodwill etc. But the good news is much of these risks can be averted by taking adequate risk protection. Today, there are many insurance service providers and SMEs are their prime focus. The reason is quite elementary. There is large number of SMEs and many of them neglect the need for insurance till calamity strikes.
Nurturing SMEs in IT Sector – ITsAP's SME FORUM
The Small and Medium Enterprises (SMEs) in the IT industry has a unique role to play in making India undisputed leader in global sourcing of technology solution and services. Current size of global sourcing is estimated to be $500 bn and is expected to grow to $1500 bn by end of this decade. In Andhra Pradesh, SMEs account for nearly 20% of Industry exports from AP and employ around 50,000 IT Professionals and 2,00,000 individuals indirectly.
IBM's SME Focus ; Sees sift in the mindset
The potential of MSME sector is attracting lot of focus from various IT companies. There are customized products and solutions available for catering to this growing segment of customers. IBM which has always been an established heavy weight in the IT sector world over is equally sensitive towards this sector. In a brief interaction with SME WORLD, the Vice President of IBM's Inside Sales Organization (India/ South Asia), Jyothi Satyanathan elaborates the reasons behind his company's focus on the sector and the potential that exists to be exploited. Please share with us IBM's interest in the SMB segment?
Fascination for Furniture: Idea Behind AIZA
AIZA involves exclusive and unique pieces which gives a very personalized detail touch. The company hones the talent of select few young designers who have something immaculately original and unconventional to offer. AIZA does not manufacture furniture; they showcase our culture and heritage and helps in storing small pieces of them in our lives.
“Eradicate Poverty Through Profits” How Onicra Perceives SMEs
Onicra states that they have rated around 9000 SMEs since inception in 2005. Why did those companies want to go for credit rating? Did it serve their purpose? What systems do you have in place to ascertain the same?
Surveillance has become a serious concern for small and medium enterprises, shops as well as residential complexes apart from the large companies. In the past decade, this area has been rapidly developing in India owing to random security lapses and grim repercussions. The growth of shopping malls, open plan offices, bank branches as well as other retail segments has increased the need for surveillance not only for larger issues of security like terrorist attacks but for petty shop thefts and irregularities of clients and staff. The network video surveillance market in India is currently valued at USD 26.1 million and is poised to grow to USD 89.2 million by 2013. India has the second highest forecasted growth in Asia with a CAGR of 22.1% as per IMS 2010 Asia report.
Cloud technology is here and everyone to be up there. Most of the SMEs, SMBs and BPOs have started adopting cloud telephony which is very useful for their business and expansion of it. They can now easily and more efficiently reach out to the tier 2 and 3 cities where access to internet is quite low or negligible. Cloud telephony also reduces the customer care service and is cost effective as business or enterprise does not have to go for long procedure. The technology offers huge scope for innovation as a service or solution provider.
What in the World is Happening to the Rupee? - Mr. Ajay Shah explains in an interview with SME World
Mr. Rajiv Rao says, “Getting Closer to Customers – Lenovo's Strategy
Indian SME segment is fast becoming lucrative for both computer hardware and software providers considering the steady investment made by the enterprises towards upgrading their IT assets compounded with the steady progress in the Information and communication technology (ICT) arena. There are selected few branded players competing in the hardware market. A laptop earlier considered to be a luxury item has now become a necessity not just for professionals but for students too.
Cloud Computing is the Future: Prateek Pashine, President, SME, Tata Communications
Tata Communications foresee a huge untapped potential in the small and medium enterprises (SMEs) sector in India. SMEs in India have been open to experiment with technology but they are extremely value conscious and that has led to slower than expected adoption of technology. Also given the diversity of the market, the general awareness levels are lower among them about technology.
Incessant Innovation for the Complete Digital Experience - Rajiv Bapna, Director, Amkette
Amkette was formed in 1986 and today has emerged as “a leading convergence catalyst focused on redefining the digital lifestyle” of users through transformational innovation. The company has selectively focused on state of the art storage, computing, entertainment & wireless products. The company aims to deliver best in class digital products, to bridge the gap between internet, storage, TV & computers thereby achieving total satisfaction of its customers.
“Countries like Albania have a very high import percentage, and are looking for quality and reliable, yet economical suppliers. This gap could be filled in by Indian exporters! It is already well established that Indian suppliers have high quality standards and are cost effective as well,” says Hiten Arya, Founder and CEO, Hiten Group in a conversation with SME World.
Dr. Giridhar J. Gyani talks about Inspecting and Certifying Conformance
“Quality emerges out from competition. You see that happening in sectors like IT, Automobile and Textile. I always say that opening of economy in year 1991 was a major boost to quality. Unfortunately even after two decades, we have not been able to maintain pace and majority of services continue to remain under government control. We need to open out and where necessary we can have professional regulatory bodies for keeping watch”, - Dr. Girdhar J. Gyani.
Majestic MRSS Offer Solutions- Market Research Helps Design Growth Strategies
Companies especially those forming part of the FMCG, Pharmaceutical, Consumer Goods segment have huge marketing and advertisement budgets. All these activities are aimed at acquiring higher visibility and sales for market share. Understanding the target market and its preferences apart from the logic behind buying decision is of utmost importance. The effectiveness of advertisement campaigns, sales promotion activities, product design and packaging can only be achieved if the customer inclination is identified. There is a huge market for research and survey firms to cater to these needs. The inputs from market research form an important section of the Marketing Mix.
PrEquate Assures Inclusive Approach: Pragmatic Approach to Professional Services Missing in SMEs
Driven by sheer passion and enthusiasm to take on a different aspect of entrepreneurship, a group of three professionals, all chartered accountants, thought of venturing into an unexplored area – management consulting and execution – and went on to set up 'PrEquate' in January 2011 in Bengluru.
Professional Approach Behind the Success of Family Businesses
We started from zero as an under garment company and then we entered into the fabrics, then yarn and finally we have ventured into fibre. We are selling in the traditional domestic market but at the same time exporting to about 35 countries across the world.
‘Truck Drivers Must Reach Home Safe to their Families'
Truck drivers and Transporters are our very important associates. Though we know they are the backbone of the country but we have not done enough as a country for this segment. It is they who traverse long distances, often continuously and under trying conditions. Since they live on the road, they are vulnerable to various risks, either of ailments or of road accidents.'
'Adopt Performance Management Process to Get & Retain Right Talent for Your Company' - Rajneesh Singh, Managing Partner SimplyHR Solutions LLP
Let us accept, SMEs will always be on the back foot because of its size and the kind of people practises that are prevalent in some of these companies. Having said that, there are numerous examples of small companies which have excellent people practises and which have been able to not only attract but retain high performing individuals.
Hamariyah Free Zone Rolls out Red Carpet for SMEs
In a span of 15 years, the Hamriyah Free Zone Authority has already attracted over 4,000 investors who have set their industries in the Zone. Dr. Rashid has called upon the Indian SMEs to come to Sharjah to setup their industries in the Free Zone which offers a host of facilities and concession necessary in this globally competitive environment.
Proline Efforts In : Keeping You Fit Through Revolutionary Work-outs
Proline Fitness brings to you an experience of a lifetime by assisting you to train in the serenity of nature, right from lush forests of Hawaii to the majestic Grand Canyon; or to run Sin City's infamous strip, all within the proximity of your habitat. Proline Fitness, the pioneers in personal and commercial range of fitness equipments, launches “Virtual Active” under the brand Matrix.
Serving the Pained and the Poor: The Florence Nightingale of Indian Dentistry
These are traits not acquired from textbooks, nor passed on by seniors, but these are what is inherent in one's nature or culture. It indeed is a remarkable contrast to the haughty attitude of bureaucrats, corporate executives, top notch professionals, Ministers, doctors themselves and what have you. It is difficult to explain such traits, but they have something to do with the passion that one has for one's profession and the manner in which one has nurtured it.
School of Inspired Leadership: ‘We Create Ethical Business Leaders who are Game Changers'
But can entrepreneurship be taught in the confines of classrooms? It is a matter of discussion but one thing is clear that all the successful entrepreneurs have been innovative and creative. Though every child is born with a certain level of creativity but he slightly destroys his creativity or his latent talent with the fears as he grows. Fear of expectation from parents, fear to stay ahead, fear to get good job, fear to be established in life and so on.
Outsourcing Means Importing Best Practice in Cost Effective Ways
If the company wants to retain their best performers, it has to give fatter salary sometimes while compromising with the budget. In such instances SMEs have two options either to give the desired salary to them or suffer in terms of the productivity due to lesser skilled professional or semi-skilled professionals.
Penning a Success Story: Indian Pen Industry Poised for 10% Growth
The writing instrument industry in India is highly fragmented. The total market is valued at about Rs.2000 crores and 75% of this lies in the organized sector. Linc Pen has an estimated market share of 10% of the overall organized sector. Going by the current figures, Linc Pen would be the second largest player all India and the market leader in the Eastern Zone.
No Sensitiveness towards Women Entrepreneurs - FIWE President Rajnee Aggarwal
We strongly feel that policies of the Government need to be more gender sensitive. Let's take the example of the PM's MSME Task Force recommendations. You would be surprised to know that there is almost no mention of women entrepreneurs in the whole report.
'Policymakers Need to Support Budding Entrepreneurs with Business-Friendly Policies & Infrastructure'
Creating a climate that promotes entrepreneurship is critical for economic growth and development. Even though the entrepreneurial trend is quite favourable as seen in the Indian context, there are certain factors that create bottlenecks in giving it a push.
Towards Security-free Environ for SMEs Need for Education to Know Online Security Implications
Today if anyone knows your name, date of birth, address, etc. he can access your account and can reap the benefit of your cash. There are many challenges in the credit cards and online financial transactions. Many spam mails, fishing mails hit the inbox everyday. It's huge and sophisticated network to get the financial gains.
Constraints Hampering SMEs Growth in Western India: Kalantri
The manufacturing sector in the western region of the country is dominated by a large concentration of SME enterprises. The SME sector in this part of the country is also fairly well diversified representing every segment of industry.
Quikr Offers Faster, Better and Cheaper Online Visibility for SMEs
From the most mundane to the highly unusual, Quikr is a platform that connects consumers to meet supply and demand in an easy and instant manner. Be it buying a new phone; selling a seldom-used treadmill or an old TV; renting an apartment or finding partners to car-pool - Quikr is the place that makes it possible for you in the 'quikest and simplest' way.
HR Practices in India - 'Instant Gratification has to be Replaced by Will to Learn and Patience'
The rise of employment opportunities itself is a reason for attrition as employees have a wider range of jobs to choose from. The concept of 'loyalty to the profession' more than 'loyalty to an organisation' is being talked about today.
Reduce Your Communication Bills with Avaya IP Office
IP Office addresses basic telephony needs, leverages built-in convergence capabilities, and capitalizes on robust unified applications to deliver intelligent communications to your users and customers. This small office IP phone system simplifies processes, and streamlines the information exchange within systems to create simple and effective communication experiences.
Canon Eyes SMEs with Multi Functional Products
'Schemes for MSMEs Can be Revised'
The running schemes can be revised in view of the feedback from the entrepreneurs to make it more acceptable and practical in nature. There are many entrepreneurs from the Northern part of the country who look for the support from the government. Role of the state governments is also important. Ministry of MSME is very serious about the issues. Various schemes of the ministry are being implemented by the state governments in their respective states.
With 50,000 investment to 134 Cr. Turnover - He Just Dialed the Right Numbers
Now Just Dial is also launched in the United States. Just Dial was selected for its migration from a Microsoft DOS-based client server system to a web-based system powered by Red Hat Enterprise Linux. Just Dial was able to increase the flexibility and decrease IT and licensing costs by migrating from proprietary software to open source solutions.
Need for a Visible Recognition of MSMEs : Indranil Deb
Indranil usually engages only with businesses where there is a close fit between his skill set, industry knowledge, experience and interests to pair with growing companies and businesses. Such ideal partners are typically fast growing companies, entrepreneurs with few years under their belt, traction(sales), passion for growth and improvement, see value in engaging professionals to help run the company instead of hoarding all the tasks, and who are ready to step things up.
Blending Quality with High-end Technology
Majority of the Indian population lives in rural or semi-urban areas where resources are limited. People are in low-income group and they don't think about a mobile with high-end features. But they have willingness to have mobile with maximum features. Further, India still has a mobile density of below 50 per cent level, where as in developed economies it is at saturation level. In order to capture this huge opportunity as also to cater to this need of the sector, Vee Ess decided to enter into the mobile market.
“I always wanted to become an Entrepreneur” IAS Topper Dr. Faisal Tells SME WORLD
Before going in for civil services, he also thought of starting his own business in medicinal plantations as Kashmir has a fund of herbal plantations. He also thought of starting a coaching academy and putting up a mobile clinic in Kashmir.
Gearing Entrepreneurship with 'The Second Gear'
I felt the vacuum of suitable business strategies and growth plans among the micro entrepreneurs. I decided to work for the upliftment of the micro entrepreneurs. I met many entrepreneurs having different kind of businesses and mindsets. I tried to convince them the power of a promising business plan and its importance at the same time. Many of them adopted the sutra for the continuous growth and business plans.
CSR An Opportunity Not Responsibility: MCX
MCX’s core goal is to create efficient markets where all economic factors can find a level playing field. This will permit more of India’s growing prosperity to be shared by its masses. Our Corporate Social Opportunities is part and parcel of this overriding mission objective.
HR Management: SMEs Need to be Customer-Focused
With business presence in multiple locations, it becomes difficult to maintain a standard HR process across the organization without a proper Human Resource Management System (HRMS) in place. Even though SMEs’ need for a robust technology system for HR management is mostly similar to that of big enterprises, it has not been very economic to implement large ERP solutions like Oracle, SAP.
SMEs More Vulnerable to Cyber Crimes
The cyber mafia is hugely benefited by malpractices giving rise to underground economy. The Symantec Report on the Underground Economy is a detailed look into an online underground economy that has matured into an efficient, global marketplace in which stolen goods and fraud-related services are regularly bought and sold, and where the estimated value of goods offered by individual traders is measured in millions of dollars.
India Will be World's Third Largest Energy Consumer in Two Decades
The misuse and wastage of petro energy in the petro-intensive industries is a common phenomenon. According to Petroleum Conservation Research Association (PCRA), industrial sector accounts for 25% of the total oil consumption. Proper management and right usage of the energy could result the saving by at least 20%.
Manisha Gupta on IPR
For a country like India, the most important of IPRs is the Geographical Indications tool which confers rights and accruing benefits to entire communities of producers of genuine products from different regions.
Skill Development is Priority Area and Infrastructure is Primary Need -Dr. H.P. Kumar
Dr. Kumar who has an in-depth knowledge of the problems of the small entrepreneurs says, “ITIs are dieing out now. They have lost their importance. Many issues have now originated. They need to be updated with the latest market requirements. We have to train the youths keeping in mind the industry requirement.
Google's Initiative in Empowering Indian SMEs
The small and medium business (SMBs) sector which constitutes 80% of the total number of industrial enterprises in India often faces a challenge when it comes to advertising given the high costs involved. Recognizing this roadblock and the huge potential for SMBs to grow
“SMEs Need to Integrate Various Business Functions for Health Growth”
The ERP suite is developed after extensive years of research on Indian logistics industry, understanding the issues and challenges faced by the sector. Through this installation, Softlink has now joined the league of Indian Software product companies that have carved niche in specific verticals for developing ERP solutions.
Credit Ratings enhances the credibility of enterprises : Ramraj Pai
Dinesh Rai, Man of the Moment
The SMEs need to be assisted enabling them to participate in domestic and international fairs/ exhibitions in a bigger way to display their products and widen business opportunities/prospects. A Public Procurement Policy for micro and small enterprises (MSEs) would also help in ensuring a fair share of the market.
India’s Foreign Trade Policy is not Pragmatic
The Indian Foreign Trade Policy lacks the basic ingredients that are required to encourage the Indian SMEs open up to the competitive overseas markets, says Sushakar Kasture, Director, Exim Institute. “The problem is that our products are missing by and large as there is virtually no visibility of our produce. Efforts should be initiated to involve the foreign missions to develop some mechanism to expose Indian products to the foreign markets.”
On the Foreign Trade Policy
FTP can be a catalyst for exporters if government has realistic FTP policy that suppports the exporters. There should be new sops and stimulus packages and financial institutions should lend liquidity at affordable interest rates. Trade policy would be a mix of fiscal incentives and simplification of procedures for carrying out foreign trade.
M. Gandhi - Managing Director, UBM India Pvt. Ltd. and UBM Asia (Thailand) Ltd
Want to build a High-growth enterprise that will create a lot of value?
Good margins and good growth create great value. Sectors growing faster than GDP and attracting capital include traditional sectors such as infrastructure, real estate, manufacturing, and those that result from increased expectations and desires for higher quality services: think healthcare, financial services, education and public services.
Amita Naithani - Managing Director, Merlin Creations
Credit Guarantee Scheme targets one lac units in FY 2010
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was established in August, 2000 with Government of India and Small Industries Development Bank of India (SIDBI) with an initial contribution of Rs.125 crore in the ratio of 4:1. The corpus has since been enhanced to Rs.1,804 crore as on date as against the committed corpus of Rs.2,500 crore.
M-payment, mobile payments approved by RBI.
Dr. Sain Dass - Maize Man of India
Maize, the most versatile crop with wider adaptability in varied agro-ecologies has highest genetic yield potential among the food grain crops. India, despite major chunk of maize farming concentrating in marginal environments, maize contributes more than 8% in the national food basket.
'We are still bound by the risk-averse culture in our DNA, which should change.' Vipul Jain
Kale is a leading solutions provider to the global Airline, Logistics and Travel industry. Being an entrepreneur, Vipul Jain exhorts the youth to overcome the conventional risk-averse mind and dare to be an entrepreneur.
Mentoring is like Business Parenting – Bhartiya Yuva Shakti Trust mentoring programme
- Winner of appreciation award for promoting SMEs in India.
- 1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
- Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
- Official Magazine Partners for several national & international MSME events.
The Last Word
Of the 80 odd seasons that he has been through, he savoured less springs and suffered more rains, proverbially. Not that time took a toll on his age, it was his own siblings who dumped, nay disowned,...
We are looking for writers and experts to contribute original stories and articles. Send an email to email@example.com with your story idea and lets get talking.