The Institute of Cost Accountants of India (ICAI) organized a discussion on "SME Listing: Multifarious Benefits" at the Russian Culture Centre, Delhi, recently.
The event was organised with sponsor Bombay Stock Exchange, the Exchange Partner and Sarthi Capital Advisors Private Limited, a SEBI registered Category-I Merchant Bankers being the Knowledge Partner.
Many of the distinguished delegates, members of the institute and SME entrepreneurs and practitioners took part in the discussions.
Suresh Chandra Mohanty, Vice President of the Institute of Cost Accountants of India (ICAI) shared the Institute's role in SME growth. He expressed his gratitude to the programme partners BSE and Sarthi.
Ashish Chauhan, MD and CEO of BSE delivering the key note address shared the vision and initiatives being undertaken by the BSE to boost the SME Capital Markets. He emphasized on multifarious benefits for SMEs if they get listed.
Chauhan also shared his outlook on the potential SME Listings on BSE SME Platform.
The panelists included Jyothi Prasad (Head of unlisted Equity and Debt verticals of Arthveda Fund Management), Ashish Chauhan, Deepak Sharma (founder and Group Managing Director of Sarthi Advisors Pvt. Ltd.), Harpreet Singh Malhotra (MD, Tiger Logistics Pvt.Ltd.), Parvesh Soni ( CEO, Krishna Group), Vinay Chauhan (Vice President, Avigo Capital Partners) and Dr. S.K. Gupta (Director - Technical, ICAI).
They shared their perspectives on SME Capital Market opportunities and various other aspects concerning funding, PE in SMEs, entrepreneurial landscape in India, SME segment contribution in Indian economy, fundamental challenges, funding constraints, role of policy makers and the like.
Keeping in view the critical importance of the SMEs in the Indian Economy and the need to strengthen and improve their cost competitiveness, Cost Accounting Standards Board of the ICAI has initiated the process of development of a Cost Accounting Standard specifically to cater to the needs of SMEs. The standard is being developed in consultation with the representatives of SMEs.
There emerged from the deliberations of the discussions that SME Exchanges definitely are poised to throw opportunities galore and promise immense potential to attract thousands of SMEs. (ANI)