Friday, October 11, 2019
Wednesday, October 9, 2019
Sunday, October 6, 2019
Friday, August 16, 2019
Presenting the book, "The Unexplored Goldmine-The Opportunities in the revival of sick MSME" to Deepak Rao. Joint Development Commissioner.
Thursday, August 8, 2019
Presenting the book, "The Unexplored Goldmine-The Opportunities in the revival of sick MSME" to Rajive Chawla, Chairman of IamSMEofIndia Habitat Centre (IHC).
sick fintech entrepreneur startups theunexploredgoldmine
Wednesday, August 7, 2019
Presenting the book, "The Unexplored Goldmine-The Opportunities in the revival of sick MSME" to Shanmukanand-Ministry of MSME.
Presenting the book, "The Unexplored Goldmine-The Opportunities in the revival of sick MSME" to Shanmukanand-Ministry of MSME. sick fintech entrepreneur startups theunexploredgoldmine
Thursday, July 11, 2019
Friday, July 5, 2019
"SME-small and medium enterprise, the backbone of the Indian economy"
"SME-small and medium enterprise,
the backbone of the Indian economy"
I had read the article "SME-small and
medium enterprise, the backbone of the Indian economy"
and as I was an entrepreneur for 39 years, with two
critical falls would like to state the following
1. God helps only those who want to help them
2.Expecting everything by govt for job creation
we should understand that in decades we have developed an
ecosystem and now entrepreneurs and society should take it forward and govt can
become a facilitator and make policy to make the development of MSME.
Now, for any point, sick MSMEs units have got 1 lakh
crores as NPA but the jobs involved may be1 cr as per our estimate and I feel
by investing@ 15000 cr by way of equity and by little push by govt, this jobs
can be retained and govt in the next two or three years can earn 15000 crores by
GST.
Also if these 1 crore jobs spent their salary for basic
needs, it will have a money multiplier effect.
you may be aware that the UK Sinha committee, whose
report also suggests a similar solution
coming back to the second part, whether MSME
entrepreneurs, took into their own operational efficiency and passion? by
analyzing their financials like balance sheet & Profit &loss, we can
get 52 ratios which will make them aware of their efficiency optimization. I am
Providing this service free of cost.
This alone can increase job retaining capacity by asp 3
cr jobs.
In Hindi, we say "Apna Hath Jagannath"
let all of us come out of the mindset of help from govt
and let us do if what we can do ourselves for our own unit and with pro advice
govt, a lot of things will align.
Regards,
N.P. Desai
Chief Consultant
Address: B-1, 1st Floor,
Cooperative Industrial Estate,
Balanagar, Hyderabad, Telangana 500037
Mobile: 9885326553
Email: growthidealab@gmail.com
Website: www.growthidealab.com
Video Links: https://www.youtube.com/watch?
Thursday, July 4, 2019
Tuesday, June 18, 2019
“Make in India” can be enhanced by the revival of sick MSME units
“Make in India” can be enhanced by the revival of sick MSME units
From Late 2014, Govt of India has started various programs/scheme to enhance employment in the ecosystem.
As per MSME Pulse June issue, the amount of Rs.81000 cr is in NPA for MSME.
Our estimate shows that if these units get closed, about 1cr jobs will be lost.
We have developed an equity kind of investment in loan range of 1Cr to 10cr. If their bankers are open to this experiment.
We appeal to all stakeholders to look into the possibility of pilot experiment with predetermined parameters on a certain time scale so the results can be evolved.
From Late 2014, Govt of India has started various programs/scheme to enhance employment in the ecosystem.
As per MSME Pulse June issue, the amount of Rs.81000 cr is in NPA for MSME.
Our estimate shows that if these units get closed, about 1cr jobs will be lost.
We have developed an equity kind of investment in loan range of 1Cr to 10cr. If their bankers are open to this experiment.
We appeal to all stakeholders to look into the possibility of pilot experiment with predetermined parameters on a certain time scale so the results can be evolved.
Sunday, June 9, 2019
HOW TO IMPROVE YOUR CURRENT RATIO
HOW TO IMPROVE YOUR CURRENT RATIO
Is your current ratio is bad? have you heard this comment from your bankers.what do you in that case?
Reputation management is critical in every business, but MSME's doesn't apply this to their industries.
once if we are aware of our current ratio is in a bad position. we cannot find the solutions to that overnight. we need to make the analysis slowly.
MSME's who are old doesn't look into their historical stock or maybe they are emotionally attached to the stock by this they may avoid the hard situations.
Also, they think, it is too small to have their attention. But theymake mistake for attitude or culture of their organization.
Please think very seriously and change.
Tuesday, June 4, 2019
RBI constitutes expert committee on MSME
RBI Constitutes expert committee on MSME
From 1969, every central and state government had encouraged the MSME sector for their own purpose. To create one job in MSME 50000 to 300000 capital investment is required.where as for the large industry to create one job in MSME 50lacs to a few crore capital investment may require.
In the last 5 decades, all the stakeholder's had tried to find out a suitable ecosystem for growth. Unfortunately, 90000cr NPA's in this sector but no survey has been done to find out how many jobs are at stake. The suicides are more in this sector than farmers.
All media and politician are not noticing it and I appeal to all stakeholders for MSME ecosystem has to become aware of this fact.
We have developed a model for the revival of sick MSME by equity model.
I hope RBI should form a sub-committee where MSME entrepreneurs, consultants should be included.
Regards,
N.P.Desai
Chief Consultant
M:9885326553
Email: desai@growthidealab.com
Website: www.growthidealab.com
Sunday, June 2, 2019
Saturday, May 25, 2019
The goldmine in MSMEs
|
Saturday, May 18, 2019
HURRY UP!! Offer Closes in 30 days
HURRY UP!! Offer to close soon
The book "The Unexplored Goldmine - The opportunities in the revival of sick MSMEs" is going to be launched on 21st June 2019. The presale of the book ends on 17th June 2019. So, Hurry up! Avail the offer soon.
Further Details can be found at
Book Website: https://www.msmegoldmine.in/
The cost of the book is:
India: Presale: Rs. 250*
Sale: Rs. 350*
Rest of the World: Presale: $5*
Sale: $7*
Shipping Charges will be added extra
You can order either from the Indiegogo page (https://igg.me/at/1Q0e5RFHQB4/x/21701654) or pay directly to
Name: Nilesh Desai
Bank: Andhra Bank
A/C No: 052610100120763
IFSC Code: ANDB0000526
And inform the same via WhatsApp (+919885326553) or mail to growthidealab@gmail.com.
Book Website: https://www.msmegoldmine.in/
Difference between Startups and MSMEs
It has been seen in
the last couple of years that startups are being encouraged all over the world.
Let us go into the difference between startups and MSME especially in their financial
models.
Financial Model of
MSMEs:
MSME as a thumb rule
follow 3:1 debt to equity ratio. The existing system has led to over-invoicing
in the past couple of years. Government incentives were used by many entrepreneurs
to meet the debt: equity ratio.
This has led to the widespread problem of underperformance or sickness/weakness for the last few decades. RBI
is trying to solve this by restructuring the debt side of the problem but it is
only a short-term solution causing most of the units to become sick once again
or die altogether.
Financial Model of
Startups:
Most of the startup
ideas are bootstrapped till there is a proof of concept or financed by angel
investors. Series A, B, C, D, E and now F & G round of funding have come
into play and every round valuation is going up and the entrepreneur goes on
reducing his stake at every round.
With 90 – 95% failure
rate, the angel investor loses equity along with the promoters.
So, there is a strong
need to make some hybrid models between these two to infuse equity in sick/weak
MSME.
Regards,
Nilesh Desai
Director,
SMEA Analytics Pvt Ltd
Address: B-1, 1st Floor, Cooperative Industrial Estate, Balanagar, Hyderabad, Telangana 500037
M:9885326553
Website: www.smeanalytics.in
Book Website: https://www.msmegoldmine.in/
Book Campaign: https://www.indiegogo.com/projects/the-unexplored-goldmine#/
Video Links: https://www.youtube.com/watch?v=tFFvWoutoEw
Video Links: https://www.youtube.com/watch?v=tFFvWoutoEw
Friday, May 17, 2019
BOOK: "The Unexplored Goldmine - The opportunities in the revival of sick MSMEs"
Greetings!
This is Nilesh Desai, a veteran social entrepreneur passionately working on the revival of sick MSME units in India for the last 39 years.
This is Nilesh Desai, a veteran social entrepreneur passionately working on the revival of sick MSME units in India for the last 39 years.
There are around 6.3 crore MSME units currently operating in
India of which 10% are sick. When MSME fails due to financial difficulty, it’s
not only an economic loss for its owners but it also leads to the loss of
employment of people working in it.
Unemployment not only have an obvious economic impact, but it
also creates greater skepticism and pessimism at individual level creating
‘erosion of skills’, increasing crime rates and ultimately resulting in social
unrest and disgruntlement. Entrepreneurs’ suicides due to financial distress
are reported to be higher than farmers. Unfortunately, this harsh truth often
remains concealed and is never spoken of in the real world.
I run Hyderabad based non-profit firm Growth Idea Labs,
providing consultancy to MSMEs. also have established two companies SMEGIL
& SMEA Analytics which is working on providing a fintech platform based on
AI & MI giving an analysis of financial statements of MSMEs and guidance to
optimize performance and cost, leading to an increase the average life of the
MSME unit.
Now I am at that stage of life where I trying to give back to
society. I am pretty sure I can create a great impact using my knowledge and
experience and this is what drives my passion towards reviving sick MSMEs. I
again believe my goal can affect thousands of lives in a positive way.
I am putting this culminated knowledge both at a personal and
organizational level in this book, "The Unexplored Goldmine - The
opportunities in the revival of sick MSMEs". The book will be a journey
through case studies, and real-life stories of entrepreneurs who struggle to
tackle difficult problems to keep their firms up and running. It would be a
chance for social entrepreneurs to realize the opportunities that lie hidden in
the revival of sick MSMEs. Additionally, the book will be an eye-opener to
students who aspire to be entrepreneurs in the future, and also for
stakeholders in the MSME sector.
I am also planning on sending copies of the book to all the
colleges and institutes libraries as well as MSME institutes, associations.
We have also posted a campaign on Indiegogo regarding the same. The book "The Unexplored Goldmine - The opportunities in the revival of sick MSMEs" is going to be launched on 21st June 2019. The presale of the book ends on 17th June 2019. So, Hurry up! Avail the offer soon. The cost of the book is:
India: Presale: Rs. 250*
Sale: Rs. 350*
Rest of the World: Presale: $5*
Sale: $7*
Shipping Charges will be added extra
You can order either from the Indiegogo page: https://igg.me/at/1Q0e5RFHQB4/x/21701654
or pay directly to
Name: Nilesh Desai
Bank: Andhra Bank
A/C No: 052610100120763
IFSC Code: ANDB0000526
And inform the same via WhatsApp or mail to growthidealab@gmail.com
This project requires a large scale of market research, awareness campaign and human resource intensive industry outreach to succeed, which is currently undergoing. Your support can make the difference and help us to reach every corner of the MSME sector, providing knowledge and revive the industry. Your backing would be highly appreciated.
Regards,
Nilesh Desai
Director,
SMEA Analytics Pvt Ltd
Address: B-1, 1st Floor, Cooperative Industrial Estate, Balanagar, Hyderabad, Telangana 500037
M:9885326553
Website: www.smeanalytics.in
Book Campaign: https://www.indiegogo.com/projects/the-unexplored-goldmine#/
Video Links: https://www.youtube.com/watch?v=tFFvWoutoEw
Video Links: https://www.youtube.com/watch?v=tFFvWoutoEw
Better profit from available resources
Do you Want better Profit from available
resources?
This is to all my MSME Friends. My definition of
MSME is "My Self, My Enterprise". Everybody wants to work for “Roti, Kapada,
Makan” and nowadays the internet and entertainment are also included.
To achieve this, you have to optimize your profit.
Question is from where do we generate profit. The natural answer is customers, but there is the hidden source, optimizing your
operational efficiency.
We all do it but not consciously. We
have developed a software tool that can analyze your balance sheet and profit
and loss statement, compare it with few listed company on the SME platform and give our
suggestions.
This service is absolutely free.
We expect this will bring the focus back on
performance improvement.
For more details all the contact info is given below
Regards,
Nilesh Desai
Director,
SMEA Analytics Pvt Ltd
Address: B-1, 1st Floor, Cooperative Industrial Estate, Balanagar, Hyderabad, Telangana 500037
M:9885326553
Website: www.smeanalytics.in
Book Campaign: https://www.indiegogo.com/projects/the-unexplored-goldmine#/
Video Links: https://www.youtube.com/watch?v=tFFvWoutoEw
Video Links: https://www.youtube.com/watch?v=tFFvWoutoEw
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News Letter Date:17/11/18 MSME Senerio in India In 1969, Indira Gandhi nationalised the banks. one of the agenda may be to tackl...
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News Letter Date: 02/12/18 Equity kind of stake for the revival of sick MSME Sri Ajay Shankar Prof at TERI has advocated for crea...
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News Letter Is Bank of India Listening? For the last six months, I am requesting a meeting with the chairman of the bank and even th...
