Welcome!

News Feed Item

Sustainability and Passion to Succeed Drive SME Business Growth

- Transparency and Smooth Processes Help Achieve Sustainability.

NEW DELHI, India, December 14 /PRNewswire/ -- Taking a business from a one-man property to a corporate-type enterprise in India is no mean task. And for Small and Medium Enterprises (SMEs), this journey of growth is all the more difficult, given the resource crunch and technology challenges. Dwelling upon the issue, The Indus Entrepreneurs (TiE) and IndiaMART.com organized the Envisioning the Wired SME conference, at the Sheraton, Saket, in New Delhi, recently.

Touching upon the right time to scale, Mr. Harish Gandhi, Executive Director, Canaan Partners, advised young entrepreneurs to critically analyze their businesses. "SMEs in India operate under a risky market ecosystem. Businesses differ in their micro-environments, risk-taking ability, size, and scale. With new businesses opening up every day the world over, establishing yourself as a credible player in the market is one of the biggest issues for SMEs. To sustain in the market, have your processes right and keep transactions transparent," he said.

Besides the market scenario, management and training is one area that plays a major role in taking a business to new heights. Addressing the issue, Mr. H. K. Mittal, Advisor and Head, Department of Science and Technology, Government of India, elaborated on entrepreneurship development institutes and incubation centers and the benefits (such as service tax exemptions) that such institutions provide to SMEs. As regards to why SMEs in India do not grow, Mr. Mittal said, "Complacency and managerial handicap prevent SMEs from growing big. The aim of becoming self-sufficient and the fear of losing control have been ailing the sector for long, which need to be changed."

Representing the rating agency ICRA Online Ltd. on the panel, Mr. Rajesh Dubey, Executive Director, SME Ratings, talked at length on the connection between good ratings and scaling up, explaining why some SMEs fail to achieve make their mark. Scalability as regards to rating is seen in the light of whether a growing company can sustain its growth.

Promising companies with future vision and good ratings can jump the ladder and reach at a higher pedestal. Management bandwidth and business structuring also play an important role in how rating agencies rate a company, he said.

From producing inverters and UPS to rising to solar software and fuel cells exports, the success story of Mr. Kunwer Sachdev, Managing Director, Su-Kam, is an inspiration for many. Growing up from catering inverters to domestic markets, today the company exports inverters to developing nations in Africa and Middle East. Sharing his views on scaling up, Mr. Sachdev said, "Courage and conviction are the key players in making that significant difference to your business.

"Businesses have their ups and downs. What matters is your creativity, your passion to succeed, and your hard work."

With six sessions touching every issue of the SME sector, right from domestic market, to marketing, to technology adoption, to growth, the conference provided an all-encompassing information exchange platform for entrepreneurs, CEOs, trade associations, government departments, educational institutions, and rating agencies from across India.

About IndiaMART.com

IndiaMART.com is India's largest online B2B marketplace connecting global buyers with suppliers through business directories, online product catalogs, buy-sell offers, industry specific marketplaces, printed media and trade shows participation.

Founded in 1996, the company has a presence in over 100 cities pan-India. With approximately 1000 employees, IndiaMART.com offers an extensive range of value-added products and services to over 500,000 members and over 5 million global buyers across industries and verticals.

IndiaMART.com has won numerous awards over the years including Red Herring 100 Asia & Emerging India and the company has been widely covered by media such as CNBC, BBC, BusinessMoney, CNN, Businessworld, Economic Times, Financial Express, etc. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd (Times Group), India's largest print media group.

For more information, please visit: http://www.indiamart.com/press-section/

    
    Media Contacts
    IndiaMART.com
    Arun Tyagi
    Marketing & PR
    M: +91-9711003832
    T: +91-120-3911000
    F: +91-120-2424943
    E: [email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
In his session at @ThingsExpo, Dr. Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, presented the findings of a series of six detailed case studies of how large corporations are implementing IoT. The session explored how IoT has improved their economic performance, had major impacts on business models and resulted in impressive ROIs. The companies covered span manufacturing and services firms. He also explored servicification, how manufacturing firms shift from se...
As more and more companies are making the shift from on-premises to public cloud, the standard approach to DevOps is evolving. From encryption, compliance and regulations like GDPR, security in the cloud has become a hot topic. Many DevOps-focused companies have hired dedicated staff to fulfill these requirements, often creating further siloes, complexity and cost. This session aims to highlight existing DevOps cultural approaches, tooling and how security can be wrapped in every facet of the bu...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale.
IT organizations are moving to the cloud in hopes to approve efficiency, increase agility and save money. Migrating workloads might seem like a simple task, but what many businesses don’t realize is that application migration criteria differs across organizations, making it difficult for architects to arrive at an accurate TCO number. In his session at 21st Cloud Expo, Joe Kinsella, CTO of CloudHealth Technologies, will offer a systematic approach to understanding the TCO of a cloud application...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics ...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Secure Channels, a cybersecurity firm, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Secure Channels, Inc. offers several products and solutions to its many clients, helping them protect critical data from being compromised and access to computer networks from the unauthorized. The company develops comprehensive data encryption security strategie...
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyer belt between the Software Factory and production stages. Artifacts are m...
Cloud resources, although available in abundance, are inherently volatile. For transactional computing, like ERP and most enterprise software, this is a challenge as transactional integrity and data fidelity is paramount – making it a challenge to create cloud native applications while relying on RDBMS. In his session at 21st Cloud Expo, Claus Jepsen, Chief Architect and Head of Innovation Labs at Unit4, will explore that in order to create distributed and scalable solutions ensuring high availa...
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically abo...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.