Published On: 2014-01-06

Mumbai: January 06, 2014-India’s leading credit rating agency SMERA Ratings Ltd (SMERA) has recently completed     25,000 Micro, Small & Medium Enterprises – (MSME) ratings in India.This milestone was achieved by SMERA in 8 years of its operations.SMERA  Ratings Ltd  formerly known as SME Rating Agency of India Ltd., is a pioneer in MSME  ratings and is also an accredited rating agency by Reserve Bank of India – (RBI) and  Securities and Exchange Board   of India – (SEBI). Within a short span,SMERA ratings have established a credible track record within the lending fraternity with Memorandum of  Understanding – (MOU) 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 Ministry of MSME,Governmentof India  and efficient execution of the  scheme by National Small Industries Corporation – (NSIC).

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 24% and 6% respectively.

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

About SMERA – http://www.smera.in

SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services  India Private Limited (D&B) and leading public and private sector banks in India. SMERA commenced its operations in 2005 as an exclusive credit rating agency for Micro, Small and Medium Enterprises (MSME) sector in the country
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SMERA is registered with the Securities and Exchange Board of India (SEBI) as a Credit  Rating Agency (6th in India). More recently, 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.

Today, SMERA has achieved the reputation of providing comprehensive, transparent and  reliable ratings, thus providing comfort and confidence to lenders and investors alike in  decision making. SMERA Ratings have gained wide acceptability and are now an integral  part of the risk assessment process within the lending and investing community.

SMERA, which has its Registered and Head Office in Mumbai, currently operates from 14 locations spread across the country.

Media Contact :
Sanjay Kher
022 6714 1193 / 09819136541
Email – sanjay.kher@smera.in

Rachana Chowdhary
​​+91-9619776084
rachana@mediavalueworks.com