BSE SME achieves milestone, completes listing of 100 SMEs

BSE SME saw the listing of its 100th SME, becoming the first SME platform to capture a lion share in the Indian SME market.

The accomplishment came with the listing of 5 SMEs today on the BSE SME platform which included Gala Print City Limited, M.D. Inducto Cast Limited, Loyal Equipments Private Limited, Jiya Eco Products Limited, all of which are based out of Gujarat; and Majestic Research Services Solutions Limited which is based out of Karnataka.

Speaking on the occasion, Rajeev Kumar Agarwal, Whole Time Member, SEBI said, "SMEs represent entrepreneurial potential of India. They contribute to job creation and enhance opportunities for entrepreneurs. They facilitate much more equitable distribution of wealth and spread of industry across the country. They also help in achieving Make in India. They are already contributing to 45% of the industrial output and 40% of exports. These companies now listing on the SME platform are willing to do periodic disclosures. Indian SME exchange has reached number of 100 SMEs faster than comparable international exchanges. IOSCO has also observed that the cost of listing on SME platform in India is the lowest in the world.

Chairman, BSE, S Ramadorai added, BSE SME platform has become an alternative engine for growth of SMEs by offering a great opportunity to entrepreneurs to raise equity capital for expansion and acquisition. The Micro, Small and Medium Enterprise (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. While many think that large companies dominate the industrial and GDP growth in our country, in reality, it is over 5.5 crore (55 million) small units classified under the SME umbrella which drive our economy through small manufacturing, trading and service business