SME Leaders Conclave 2011
The challenge of managing working capital, dealing with the problems of the regulatory environment, making good use of technology, and market creation are some of the concerns of small and medium enterprises which were discussed at the SME Leaders Conclave 2011, in Mumbai on Friday by some of the big names in the SME sector.
In his welcome note Mr. K.V. Srinivasan of Reliance Commercial Finance highlighted how small and medium enterprises have changed over the years in their outlook towards credit and debt instruments for raising capital for their business. He advised companies to “never direct working capital towards acquiring long-term assets.”
In two sessions, leaders from the SME sector such as Mr. Jay Gupta, MD & CEO, The Loot Store; Mr. Dheeraj Gupta, Founder and MD, Jumbo King Foods; Dr. Apoorva Shah, Founder, Richfeel Health and Beauty Pvt. Ltd. and Mr. Lakshman Gugulothu, CEO, BSE SME Exchange discussed business and financial challenges for SMEs. Other experts to discuss financial challenges were Mr. Srinivasan of Reliance Commercial Finance and Mr. Hariharan Iyer, Chief Financial Officer, APM Terminals, Maersk Group.
The prospects of raising capital via equity were also discussed and the concern over when a company should get listed was debated amongst the panelists.
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