MSMEs Booming with Early Credit Guarantee Achievement:
India’s Small cap (MSME) reached to 1lakh crore, and Micro, Small and Medium Enterprises (MSMEs) are experiencing a significant boost in the current fiscal year. The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE) announced a remarkable achievement of approving Rs 1 lakh crore in credit guarantees in just seven months. This milestone, typically reached within 12 months, reflects the rapid growth and increasing importance of MSMEs in the Indian economy.
MSMEs: Pillars of India’s Economic Growth:
These small businesses play a crucial role in driving India’s economic engine. They are major job creators, contributing significantly to employment with an estimated 96% of industrial units in the country falling under the MSME category. Additionally, MSMEs contribute to 40% of overall industrial production and a noteworthy 42% of Indian exports.
GDP Contribution:
The Ministry of Statistics & Programme Implementation highlights the substantial impact of MSMEs on India’s Gross Domestic Product (GDP). Their Gross Value Added (GVA) has consistently constituted a significant portion of the overall GDP, standing at 30.5% in 2019-20, 27.2% in 2020-21, and 29.2% in 2021-22. This data showcases the substantial contribution of MSMEs to the country’s economic output.
| Segment | GDP Contribution (%) | Additional Information |
|---|---|---|
| MSMEs | 29.2 | MSMEs typically operate with smaller capital sizes compared to Big Caps and Mid Caps. Their total estimated capital ranges from Rs. 100 lakh crore to Rs. 150 lakh crore. |
| Big Caps | 18 | Big Caps command significant capital, with their combined market capitalization exceeding Rs. 100 lakh crore. |
| Mid Caps | 12 | Mid Cap companies have a total market capitalization estimated between Rs. 20 lakh crore and Rs. 30 lakh crore. |
| Remaining | 40.8 | This segment encompasses other contributors to India’s GDP, including large public sector undertakings, informal sector businesses, and agriculture. |
By Revenue:
- Zomato: Online food delivery giant, exceeding $1 billion in annual revenue.
- Lenskart: Leading eyewear retailer, valued at over $3.5 billion.
- Nykaa: Online beauty and wellness platform, estimated revenue exceeding $1 billion.
- Pepperfry: Furniture and home decor ecommerce leader, valued at over $1 billion.
- Livspace: Home interior design and renovation platform, exceeding $100 million in revenue.
By Innovation:
- Agrahyah Technologies: Develops AI-powered solutions for waste management.
- Befach 4X: Builds drones for agricultural spraying and monitoring.
- Bellatrix Aerospace: Offers drone technology for aerial logistics and surveillance.
- CREA: Creates sustainable packaging solutions made from agricultural waste.
- Cellzyme Biotech: Produces enzymes for various industrial applications.
By Government Recognition:
- Ziva Medical: Excels in manufacturing bioresorbable stents.
- Sai Life Sciences: Pioneering in APIs and specialty chemicals.
- Ajanta Pharma: Leading generic pharmaceuticals manufacturer.
- Havells India: Major electrical equipment and consumer goods producer.
- Triveni Turbine: Renowned hydro and thermal power equipment maker.
Other Notable MSMEs:
- Udaan: B2B online marketplace connecting wholesalers and retailers.
- Pepperfry Studios: Interior design consultancy arm of Pepperfry.
- MyGlamm: Makeup and beauty brand known for inclusivity and affordability.
- Bollant Industries: Leading manufacturer of leather goods and accessories.
- Mamaearth: Natural and organic personal care brand for babies and families.
Remember, this is not an exhaustive list, and the “top 20” can vary depending on specific criteria. Consider your area of interest within the MSME sector to choose the most relevant companies for your purposes.
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here are some resources for further exploration:
- Ministry of MSME website: https://msme.gov.in/
- The Economic Times’ “Top Performing MSMEs”: https://m.economictimes.com/small-biz/top-performing-msme/msme_companies/categoryid-03.cms
- Startup India Hub: https://www.startupindia.gov.in/content/sih/en/about_startup_portal.html