Trade receivables for BSE-SME listed Tiger Logistics India Ltd rises sharply, while its “cash and cash equivalents” falls, as seen in its recent periodic financial statements. Tiger Logistics provides logistics solutions to DRDO, Indian Air Force, United Nation and various othe…
With exports hit this year, SMEs are looking at domestic market
With western market taking a hit, small and medium scale entrepreneurs have started looking to focus on domestic market and other Asian countries. “This year 30-40 per cent of our orders are from domestic market. Export market has become some sort of congested. We have to face a lot of comp…
Succession @ SMEs: Family business may not always be preferred
Big industrial magnates have the luxury to expect that their sons and daughters will join their companies at some point of time. But not so generally in case of SMEs owners. Offspring of small and medium scale industrial units seldom go to big colleges to earn their degrees, but rarely back to th…
Floods in Chennai badly hit auto component SMEs
The Chennai floods have had a devastating impact on small scale industrial units that supply mostly to auto makers like Hyundai, TVS and Ashok Leyland. Small and tiny sector businesses are estimated to have suffered over Rs 1000 crore damage to machinery and materials. Muthusami C., President, TA…