SMERA completes 25,000 MSME ratings in India

SMERA, India’s leading bank loan credit rating agency, recently crossed a major milestone when it completed 25,000 MSME ratings in India. This milestone was achieved by SMERA in 8 years of its operations. SMERA Ratings Ltd is a pioneer in MSME ratings and is also approved by RBI & SEBI. The popularity of credit ratings within the MSME sector was possible due to affordable cost of rating facilitated by the subsidy provided by the MSME Ministry, Govt. of India and efficient execution of the scheme by NSIC (National Small Industries Corporation).
 
Parag Patki, CEO, SMERA Ratings Ltd, said “The MSME sector is the backbone of any economy, and the heath of the MSME sector is critical to ride the forthcoming wave of economic revival for the country. We expect increasing opportunities for the MSME sector with the Indian Government taking measures to improve investment climate along with initial signs of economic revival in the developed economies. SMERA believes that better managed, efficient and SMERA rated units are eminently positioned to harness these opportunities”.
 
According to Ashutosh Satsangi, Vice President (Operations), SMERA has rated the companies diversified across sectors including metal and metal products, electrical and engineering goods, capital goods, textile, plastic, and food & agro along with the companies in to trading and auto ancillary business. “The portfolio is geographically diversified with the Western region contributing the most to the total rated universe of SMERA with 42% followed by Northern region contributing to the tune of 28%. Contribution from Southern region and Eastern region stands at to 24% and 6% respectively,” he added.