25000 MSMEs of India Now Successfully Credit Rated by SMERA Ratings Ltd.

• SMERA is a SEBI & RBI Approved Rating Agency
• SMERA enables ratings for various long and short term bank 
• loans
• Facilitates MSME build confidence in customers, employees as well as suppliers

Mumbai: January 08, 2014: India’s leading bank loan credit rating agency, SMERA has recently 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. Within a short span SMERA ratings have established a credible track record within the lending fraternity with MOU’s with 36 Banks in the country. 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).

Speaking on the occasion, Mr. 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”.

He further added,” SMERA remains committed to facilitating the growth of the MSME sector in India through its Credit Ratings Services and is looking forward to participate in the orderly growth of the sector”
Mr. Virendra Goyal - Vice President- SME (Sales), said “The MSME sector has a huge growth potential in India and the penetration of credit rating culture in the MSME sector is yet low. SMERA, in association with MSME development institutions, Ministry of MSME and the Lender fraternity will continue to work towards improving the adoption and thus penetration of credit ratings within the MSME sector.”

Mr. Ashutosh Satsangi-Vice President (Operations) said, “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.”

Many MSME’s have derived monetary as well non-monetary benefits by availing SMERA’s Credit Rating services, besides building confidence in their customers, employees as well as suppliers.

About SMERA – http://www.smera.in/


SMERA is registered with the Securities and Exchange Board of India (SEBI) as a Credit Rating Agency (6th in India). The Company has received accreditation from the Reserve Bank of India (RBI) as an External Credit Assessment Institution (ECAI) under BASEL - II norms for undertaking bank loan ratings. SMERA is also empanelled as an approved rating agency by the National Small Industries Corporation Ltd. (NSIC) under the "Performance & Credit Rating Scheme for Small Industries", approved by the Ministry of Small Scale Industries, Government of India. SMERA with its Registered and Head Office in Mumbai, currently operates from 13 locations spread across the country.