Leading SMEs of India 2020

5 Preeta Misra Director Credibility Business Insights Group (CBIG) & Learning & Economic Insights Group (LEIG) Dun & Bradstreet has always strived towards providing credibility and visibility to small and medium enterprises (SMEs). Dun & Bradstreet and American Express Banking Corporation have come together to reinforce their commitment towards the development of SMEs. As a sign of this commitment, we are launching the eleventh edition of the publication ‘Leading SMEs of India 2020’. SMEs, for the purpose of this publication, are de ned as businesses with FY19 standalone annual turnover between Rs. 50 mn – 2,500 mn. ese companies are featured in a section titled “Featured SMEs”. e publication provides listings of ~7500 SME Businesses and pro les of 500 leading SMEs across various manufacturing and services sectors. e publication has been conceptualized keeping in mind the Govern- ment’s vision of AtmanNirbhar Bharat. MSMEs form the key component of this vision because of their ability to generate employment, skill people, contribute to the exports and help India substitute its imports. Emerging as one of the dynamic sectors of the Indian economy; micro, small and medium enterprises signi cantly contributes towards the economic and social develop- ment of the country by fostering entrepre- neurship and generating large employment opportunities at minimal capital cost. In India, there are roughly more than 27 mn ‘commercially visible’ entities (among the approximately 81 mn economic entities in the country), of which more than 99% are Micro, Small and Medium Enterprises. For every 100 entities in India, there are more than 95 micro enterprises, 4 small & medium and ~ 1 large entity. However, in developed countries, around 50-55 entities are micro and 40 are small & medium enter- prises. Keeping in mind the pivotal role of SMEs in national development, Government of India announced its plans to increase the contribu- tion of MSMEs to India’s GDP to approxi- mately more than 50% and exports to 75% in the years to come. Further, the Reserve Bank took certain measures in the recent period to improve the ow of credit to the sector. As per the RBI expert committee, the sector has an estimated credit gap of Rs 20–25 trillion while a majority of MSMEs do not have access to su cient credit and liquidity required for daily working capital needs. Multiple other initiatives are also planned alongside to provide hands-on training to these enterprises on the latest technologies and create awareness amongst them on the Government’s schemes and policies to ensure that SMEs become more competitive. Dun & Bradstreet India will continue to track the development of the SME sector through our future endeavors. We are con - dent that this publication will serve as a reliable source of reference to the stakehold- ers of the SME ecosystem. Dun & Brad- street’s global footprint will ensure that the success stories of high performing SMEs reach all relevant stakeholders across the globe. We look forward to receiving your feedback and suggestions. EXECUTIVE SUMMARY Dun & Bradstreet