Nearly 70% listed firms' turnover below new MSME threshold due to lockdown

Not all companies had declared results for FY20. Turnover figures for previous year were used when FY20 numbers were unavailable

Nearly 70 per cent of the listed universe could now be part of the micro, small and medium enterprises category after the Union Cabinet approved the revised MSME definition, showed an analysis of their sales data. With this, they could become eligible for government benefits.

The Cabinet on Monday had cleared reclassification of medium-scale companies as those with Rs 50 crore investment and Rs 250 crore of turnover, up from Rs 20 crore and Rs 100 crore, respectively.

There are 4,643 listed companies for which data is available with corporate data provider Capitaline.  Around 20 per cent would fall within