THE MAKING OF TOMORROW'S ECONOMY MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय I am pleased to note this publication showcasing the inspiring journeys of MSMEs supported through the Self Reliant India (SRI) Fund. These enterprises represent the spirit of innovation, resilience and entrepreneurship that drives India's economic progress. SRI Fund is a unique initiative of the Government of India that has strengthened access to growth capital for promising MSMEs across sectors and regions. By enabling enterprises to scale, create employment, foster innovation and strengthen domestic manufacturing capabilities, the Fund is contributing meaningfully to the vision of Atmanirbhar Bharat. The MSMEs stories captured in this volume demonstrate how timely Equity Infusion, combined with entrepreneurial determination, can transform enterprises into National Champions. I congratulate all the MSMEs, Daughter Funds, and Stakeholders associated with this remarkable initiative. SHRI JITAN RAM MANJHI Minister of Micro, Small and Medium Enterprises Government of India (SHRI JITAN RAM MANJHI)
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय MS. SHOBHA KARANDLAJE Minister of State, Micro, Small and Medium Enterprises Government of India I am delighted to learn about the release of this publication highlighting the impact created by the Self Reliant India (SRI) Fund across the MSME ecosystem. The MSMEs featured in this publication illustrate how access to growth capital can unlock innovation, create quality employment, strengthen local value chains, and empower entrepreneurs across diverse sectors. Many of these businesses are creating opportunities in emerging technologies, manufacturing, healthcare, clean energy and rural enterprises while contributing to inclusive and sustainable growth. These success stories reaffirm the Government's commitment to nurturing entrepreneurship and building a vibrant MSME sector that serves as the backbone of India's economy. I congratulate all the founders and stakeholders whose efforts continue to advance the vision of an empowered and self-reliant India. (MS. SHOBHA KARANDLAJE)
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय The publication provides an excellent opportunity to reflect on the transformative impact of the Self Reliant India (SRI) Fund in strengthening India's MSME ecosystem. Conceived as a strategic intervention to address the equity financing gap faced by growth-oriented enterprises, the SRI Fund has created a robust platform for channelising patient growth capital into innovative and high-potential MSMEs across the country. Through its unique mother–daughter fund structure, the Fund has successfully leveraged private sector participation, expanded access to institutional capital, and strengthened the entrepreneurial ecosystem that supports MSME growth. The MSMEs featured in this volume represent diverse sectors of the Indian economy and demonstrate how access to timely equity capital can accelerate innovation, enhance competitiveness, create quality employment, and enable businesses to scale sustainably. I congratulate the MSMEs, Daughter Funds, NSIC Venture Capital Fund Limited, SBI Ventures Limited, and all stakeholders whose collective efforts have contributed to the success of this landmark initiative. (Shri Bharat Khera) SHRI BHARAT KHERA Secretary, Ministry of Micro, Small and Medium Enterprises Government of India
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Self Reliant India (SRI) Fund is an initiative of Government of India designed to bridge the equity financing gap faced by growth-oriented MSMEs. Through its innovative mother-daughter fund structure, the Fund has mobilised substantial private capital besides Government of India funding support, creating a significant multiplier effect in the MSME ecosystem. As on date, the SRI Fund has empanelled 71 Daughter Funds and supported more than 750 MSMEs across the country, generating employment, fostering innovation and strengthening India's industrial competitiveness. The MSMEs featured in this publication demonstrate the transformative impact of patient growth capital and professional fund management. Their achievements showcase the entrepreneurial potential of Indian MSMEs and their vital role in building an Atmanirbhar Bharat. I congratulate all stakeholders who have contributed to the success of this initiative. (DR. RAJNEESH) DR. RAJNEESH Additional Secretary & Development Commissioner, Ministry of Micro, Small and Medium Enterprises Government of India
INDEX Dhruva Space Private Limited 32 Vitraya Technologies Private Limited 34 Jidoka Technologies Private Limited 36 CSV Retails India Private Limited 38 Coratia Technologies Private Limited 40 Shomish Edtech Private Limited 42 18AMIDC Automation Technologies Private Limited 20Yeoman Marine Services Private Limited 22Serosoft Solutions Private Limited 26Neuron Energy Private Limited Navalt Green Mobility Private Limited 28 Quidich Innovation Labs Private Limited 30 24Nupa Technologies Private Limited 14OJB Herbals Private Limited 16Dev Milk Foods Private Limited 12Jabsons Foods Private Limited 01SRI Fund Overview Signzy Technologies Private Limited 04 06Nutrifresh Farm Tech India Private Limited 08GPS Renewables Private Limited 10Lohia Aersospace Systems Private Limited
Empowering MSMEs Enabling Growth An Overview 1 Self Reliant India (SRI) Fund is a flagship initiative of Ministry of MSME under the Government of India designed to strengthen India's entrepreneurial ecosystem through structured equity support to high-potential MSMEs. Anchored by NSIC Venture Capital Fund Limited (NVCFL) and managed by SBI Ventures, the Fund promotes innovation, manufacturing, employment generation, and sustainable enterprise growth in line with the vision of Atmanirbhar Bharat.
SRI Fund Structure & Impact IMPACT OF SRI FUND Women-led MSMEs 90+ MSMEs Supported 750+ Jobs created 1.85 Lakh+ 22 States & 4 UTs Geographic Reach ₹18,773 Cr Invested in MSMEs 60+ MSMEs Graduated 71 Daughter Funds Ministry of MSME Contribution ` 12,000 Cr Private Equity / Daughter Funds ` 48,000 Cr Total Corpus ` 60,000 Cr Investment in MSMEs 2 Sectors Benefited Healthcare Clean Energy Agriculture Retail & FMCG Defence AI & Deep Tech Manufacturing Food Processing
SRI Fund – Daughter Funds Investment in MSMEs 52 94 35 5 76 3 359 347 149 132 165 95 20 7 23 8 13 78 5 8 6 15 91 72 105 6 23 3 2 1 1 4 1 Multiplier Effect Operational footprints, including manufacturing facilities, warehouses & others across 28 States and 5 Union Territories 53 Geographic Presence 14 1 174 207 94 25 64 34 6 3 1 3 3 9 1 8 1 2 1 2 1 4 6 9 50 Investee Enterprises registered across 22 States & 4 Union Territories 3 1 31
Compliance Tech Maharashtra Year of Incorporation - 2015 Year of SRI Fund Investment - 2022 Equity Infusion - `158 Cr Background Signzy Technologies was founded by Ankit Ratan, Arpit Ratan, and Ankur Pandey with the vision of digitising and simplifying financial services through technology. The company provides digital infrastructure that enables banks and financial institutions to automate customer onboarding, KYC verification, fraud detection, underwriting, and compliance processes, making financial services faster, safer, and more accessible. SRI Fund Impact Through support from Gaja Capital under the SRI Fund ecosystem, Signzy achieved a revenue growth of 140% over last three years, strengthened its technology platform, enhanced compliance capabilities, and accelerated global expansion. The investment helped the company emerge as a market leader in digital KYC and customer onboarding, supporting greater financial inclusion and digital transformation across the banking sector. Key Outcomes Strengthened digital onboarding, compliance, and fraud prevention infrastructure for the financial sector Enabled faster and more efficient access to financial services for businesses and individuals Expanded its presence across 180+ countries, including United States & Middle East and North Africa Created employment for 349 professionals in technology and financial services ₹ 4 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Developed indigenous digital banking and regulatory technology infrastructure Enhanced financial inclusion for MSMEs and individuals Showcased India's capability to build globally competitive fintech solutions Promoted paperless and technology-driven financial services for businesses Signzy is focused on strengthening its presence across the globe, while continuing to strengthen its digital banking, compliance, and AI-driven automation capabilities to support the next phase of global growth. Looking Ahead 5 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat
Background Nutrifresh Farm Tech was founded by Sanket Mehta and Ganesh Nikam Sambhaji with the vision of making agriculture more technology-driven, sustainable, and resource-efficient. The company leverages hydroponics, controlled-environment agriculture, and farm automation to produce fresh, residue-free vegetables throughout the year, reducing dependence on seasonal conditions and improving consistency in quality and yield. SRI Fund Impact Through support from SVL SME (Neev II) Fund under the SRI Fund ecosystem, Nutrifresh achieved a revenue growth of 150% over last three years, strengthening its technology-enabled farming infrastructure and accelerating its journey towards becoming a leading player in controlled-environment agriculture Key Outcomes Expanded exports to international markets including the UAE and Maldives Demonstrated scalable and resource-efficient farming practices through advanced agricultural technologies Built strong supply partnerships with leading customers such as Amazon Fresh, Zomato, Taj SATS and Nature's Basket AgriTech Maharashtra Year of incorporation - 2019 Year of SRI Fund Investment - 2023 Equity Infusion - `126 Cr 6 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Looking Ahead Nutrifresh aims to become India's largest hydroponics and controlled-environment agriculture company by expanding its cultivation footprint, increasing production efficiency through indigenised technologies, and growing its presence in both domestic and international markets. Contribution to Atmanirbhar Bharat Enhanced food security through year-round production of fresh produce Improved resource efficiency through controlled-environment farming Strengthened India's competitiveness in high-value agricultural exports Promoted technology-led and sustainable agriculture practices 7 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Background SRI Fund Impact GPS Renewables was founded by Mainak Chakraborty and Sreekrishna Sankar with the vision of converting organic waste into clean and sustainable energy. The company has emerged as India's largest biogas engineering company, developing innovative solutions for Bio-CNG, renewable natural gas, sustainable aviation fuel (SAF), and green hydrogen, helping drive India's transition towards a circular and low-carbon economy. Through support from the SVL SME (Neev II) Fund under the SRI Fund ecosystem, GPS Renewables achieved a revenue growth of 590% over last three years, accelerating the deployment of large-scale waste-to-energy infrastructure and strengthening its leadership position in India's bioenergy sector. The support enabled the company to scale innovative solutions that convert agricultural and urban waste into valuable clean fuels while creating sustainable economic opportunities. Key Outcomes Expanded International presence across Colombia, Bangladesh, Maldives, Sri Lanka, and Germany Created employment for approximately 750 professionals across operations and project execution Strengthened rural value chains by creating economic value from agricultural waste Enabled large-scale deployment of Bio-CNG and renewable energy infrastructure across India Clean Energy Karnataka Year of Incorporation – 2012 Year of SRI Fund Investment - 2022 Equity Infusion - `125 Cr 8 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Reduced dependence on conventional fossil fuels through indigenous clean-energy solutions and promoted circular economy practices Supported rural income generation and sustainable waste management Showcased Made-in-India clean-energy technologies in international markets 9 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat GPS Renewables is focused on expanding biomethane production capacity, deploying large-scale Bio-CNG projects, advancing indigenous clean-fuels technologies for agricultural waste, and strengthening its international presence while supporting India's transition to a self-reliant and low-carbon energy future. Looking Ahead
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Background SRI Fund Impact Lohia Aerospace Systems was founded by Anurag Lohia with the vision of building India's advanced composites manufacturing capabilities for the global aerospace and defence industry. The company designs and manufactures high-precision, lightweight composite components used in drones, defence systems, and aircraft, serving both domestic and international markets. With support from Singularity Growth Opportunities Fund II under the SRI Fund ecosystem, Lohia Aerospace achieved nearly 4x revenue growth, expanded its production capacity, upgraded its factories, and reached more customers worldwide. This helped the company strengthen India's own aerospace manufacturing and make the country a strong player in advanced composite technologies. Key Outcomes Created employment for 300+ aerospace-grade technicians and engineers Built an order book of approximately ₹300 crore Established an 86,000 sq. ft. integrated manufacturing facility in Kanpur Expanded exports across Israel, USA, Europe, and West Asia Aerospace & Systems Uttar Pradesh Year of incorporation - 2019 Year of SRI Fund Investment - 2025 Equity Infusion - `75 Cr 10
Lohia Aerospace aims to scale its revenue five times by Financial Year 2031, expand into commercial aerospace, strengthen relationships with global aerospace leaders, undertake a major greenfield expansion in Kanpur, and enhance its capabilities through strategic partnerships and advanced manufacturing technologies. Contributed to the development of the Uttar Pradesh Defence Industrial Corridor as a strategic manufacturing hub Reduced dependence on imported aerospace components and manufacturing expertise 11 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat Looking Ahead
Background SRI Fund Impact Jabsons Foods was founded by Rahul Agarwal, is one of India's leading healthy ethnic snacks companies. Starting with peanut-based snacks, the company has expanded into roasted chana, namkeen, chikki, sweets, and other traditional snack categories. It combines traditional clay-roasting methods with modern manufacturing to deliver authentic taste while maintaining quality, hygiene, and consistency for both Indian and international markets. With support from Jashvik Capital Fund I under the SRI Fund ecosystem, Jabsons recorded 51% revenue growth over last two years. The investment helped the company upgrade its manufacturing facility, modernise its clay-roasting process, implement a modern ERP system, expand its distributor network, and strengthen its export presence across 25+ countries. Key Outcomes Increased exports and strengthened its international presence. Offers 200+ products across multiple snack categories from its Bharuch manufacturing facility. Expanded its workforce, with 61% women employees. Achieved strong business growth while improving operational performance. Retail & FMCG Gujarat Year of Incorporation – 1992 Year of SRI Fund Investment - 2023 Equity Infusion - `50 Cr 12 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Leveraged Government of India schemes to improve exports and generate employment. Expanded its reach across non-metro and Tier-2+ markets, supporting inclusive economic growth. Promoted an indigenous manufacturing model by combining traditional clay-roasting techniques with modern, export-ready processing. 13 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Jabsons Foods plans to expand its manufacturing capacity, strengthen its domestic distribution network, increase exports to existing and new international markets, and introduce new healthy ethnic snack products while continuing to build on its traditional clay-roasting heritage. Looking Ahead Contribution to Atmanirbhar Bharat
14 Retail & FMCG Uttar Pradesh Year of Incorporation - 2009 Year of SRI Fund Investment – 2024 Equity Infusion - `50 Cr Background SRI Fund Impact OJB Herbals was founded by Jeetendra Kundlia and Dilip Kundlia with the vision of making high-quality Ayurvedic and herbal beauty products accessible to consumers across India. Through its flagship brand, Oshea Herbals, the company combines traditional Indian wellness knowledge with modern cosmetic science to offer a wide range of skincare and personal care products. Through support from the First Bridge India Growth Fund under the SRI Fund ecosystem, Oshea Herbals achieved a revenue growth of 27% over last two years, accelerated its national expansion, strengthened its distribution network, and expanded its manufacturing capabilities Key Outcomes Established a 30,000 sq. ft. manufacturing facility in Noida, Uttar Pradesh Strengthened export presence in South Asia and the Middle East Expanded distribution across thousands of retail outlets nationwide Created employment for approximately 1,800 people, with nearly 75% women employees MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Strengthened domestic manufacturing and value addition in the beauty sector Created large-scale employment opportunities, particularly for women Supported the growth of a homegrown consumer brand rooted in Indian traditions 15 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat Oshea Herbals aims to expand its digital, modern trade, salon, and export businesses while introducing new product categories and strengthening its presence across domestic and international markets. Looking Ahead
16 Retail & FMCG Rajasthan Year of Incorporation - 2004 Year of SRI Fund Investment - 2024 Equity Infusion - `43 Cr Background SRI Fund Impact Frubon was founded by Rahul Verma, Rohit Verma, and D.D. Verma with the vision of building a farmer-centric dairy business that delivers fresh, high-quality dairy products directly to consumers. By sourcing milk directly from farmers and processing it through modern manufacturing facilities, the company has created an integrated value chain that benefits both producers and consumers. Through support from Fireside Ventures under the SRI Fund ecosystem, Frubon achieved a revenue growth of 91% over last two years, strengthening its leadership team, expanding production capacity, enhancing distribution reach, and accelerating business growth, emerging as one of the leading dairy brands in North India. Key Outcomes Established a 60,000 sq. ft. automated manufacturing facility in Rajasthan Revenue nearly doubled from ₹105 crore in FY24 to ₹201 crore in FY26 Expanded distribution through 180+ distributors across 75+ cities Strengthened farmer linkages and procurement networks across Rajasthan MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Strengthened domestic dairy value chains and rural livelihoods Contribution to Atmanirbhar Bharat Enhanced income opportunities for dairy farmers through direct procurement Increased availability of high-quality, value-added dairy products Generated employment and supported regional economic development Frubon aims to commission a new greenfield dairy plant, expand value-added dairy and ice cream offerings, strengthen distribution across North India. It further aims to scale its presence across modern retail and quick-commerce channels while maintaining strong growth momentum. Looking Ahead 17 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Robotics Karnataka Year of Incorporation - 2018 Year of SRI Fund Investment - 2021 Equity Infusion - `32 Cr Background SRI Fund Impact Ati Robotics was founded by Saurabh Chandra with the vision of developing indigenous robotics solutions for Indian manufacturing. The company designs and manufactures Autonomous Mobile Robots (AMRs) that automate material movement within factories, helping manufacturers improve productivity, reduce costs, and enhance operational efficiency through Industry 4.0 technologies. Through support from Exfinity Venture Partners under the SRI Fund ecosystem, Ati Robotics achieved a revenue growth of 264% over last three years, accelerating the development and deployment of its indigenous robotics platform, expanding manufacturing capabilities, and strengthening its presence in domestic and international markets. Key Outcomes Created 250+ direct jobs and additional employment across the supply chain Exported 30+ robots to markets including the USA, Mexico, Thailand, and UAE Developed manufacturing capacity of up to 500 robots annually, scalable to 2,000 units per year Established a 40,000 sq. ft. manufacturing and R&D facility in Bengaluru Expanded global presence across North America, Southeast Asia, and the Middle East 18
Developed indigenous robotics and automation technologies in India Strengthened India's manufacturing competitiveness through Industry 4.0 adoption Generated high-skilled employment in advanced manufacturing and robotics Exported Made-in-India industrial technology to global markets Ati Robotics is focused on scaling production, advancing AI-powered robotics capabilities, expanding its global footprints, increasing indigenous manufacturing, and building strategic partnerships to accelerate the adoption of automation solutions across industries worldwide. Looking Ahead 19 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat
Defence Maharashtra Year of Incorporation - 2015 Year of SRI Fund Investment - 2023 Equity Infusion - `30 Cr Background Yeoman Marine Services was founded by Dhananjay G. Mishra with the vision of strengthening India's maritime engineering and defence manufacturing capabilities. The company provides shipbuilding, ship repair, marine engineering, and lifecycle support services for strategic clients including the Indian Navy, Indian Coast Guard, ONGC, ports, and commercial shipping operators. SRI Fund Impact Through support from the Maharashtra Defence and Aerospace Venture Fund under the SRI Fund ecosystem, Yeoman Marine Services achieved a revenue growth of 163% over last three years, and revived the Ratnagiri Shipyard, transforming a dormant strategic asset into a modern shipbuilding and defence engineering facility. Key Outcomes Executed 50+ vessel repair projects and over 1,500 marine engineering assignments Revived and modernised the 27-acre Ratnagiri Shipyard in Maharashtra Expanded operations across eight locations along India's coastline Strengthened indigenous shipbuilding, repair, and defence engineering capabilities 20 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Developed indigenous marine engineering technologies for strategic applications Reduced dependence on foreign ship repair and maintenance infrastructure Generated skilled employment and industrial development in coastal regions Yeoman Marine Services aims to build a leading integrated maritime engineering and shipbuilding platform that supports India's growing defence, offshore, and commercial maritime requirements while strengthening the country's position as a self-reliant maritime nation. Looking Ahead 21 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat
Education Madhya Pradesh Year of Incorporation - 2008 Year of SRI Fund Investment – 2022 Equity infusion - `30 Cr Serosoft Solutions was founded by Arpit Badjatya with the vision of digitising and transforming higher education through technology. The company developed Academia, an AI-powered Student Information System and Education ERP platform that enables universities and colleges to manage the entire student lifecycle, from admissions to alumni engagement, through a single integrated platform. Through support from the Ubharte Sitaare Fund under the SRI Fund ecosystem, Serosoft achieved a revenue growth of 52% over last three years, and accelerated its global expansion, strengthened its technology platform, and expanded its presence from 24 countries to 32 countries, emerging as a globally recognised Indian EdTech company. Background SRI Fund Impact Created 250+ high-skilled technology and education sector jobs Enabled digital transformation for 400+ educational institutions globally Supported the academic journey of over 1 million students worldwide Established operations in India, USA, Saudi Arabia, and South Africa, Key Outcomes 22 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Serosoft aims to strengthen its global footprint by expanding its AI-powered Academia platform, deepening partnerships with educational institutions, building international teams, and enhancing learning outcomes for a growing network of institutions and students worldwide. Enabled institutions to improve efficiency, governance, and student outcomes through technology Created high-skilled employment opportunities in Central India Promoted digital transformation in higher education institutions 23 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat Looking Ahead
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Background SRI Fund Impact Eggoz was founded by Abhishek Negi, Aditya Singh, and Uttam Kumar with the vision of transforming India's egg industry through quality, safety, and traceability. The company is building a technology-driven supply chain that connects poultry farmers directly with consumers, bringing greater transparency and consistency to a traditionally unorganised market. Through support from NABVENTURES, Gaja Capital and IvyCap under the SRI Fund ecosystem, Eggoz achieved a revenue growth of 47% over last three years, and accelerated its expansion across India to achieve the below key outcomes. This enabled the company to strengthen its farmer network, expand egg processing infrastructure, and build a technology-enabled, traceable supply chain. Key Outcomes Thousands of poultry farmers integrated into organised value chains Operations expanded to 15 states and 28 cities Processing centres increased from 10 to 18 Created employment across quality assurance, logistics, distribution and rural value chains. Strengthened India's food safety ecosystem through globally benchmarked quality standards and certified processing systems. Food Processing Bihar Year of incorporation - 2017 Year of SRI Fund Investment - 2021 Equity Infusion - `28 Cr 24
25 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Eggoz is targeting ~`250 Cr revenue in Financial Year 2027 driven by premium products, The Egg Co., and rapid quick-commerce expansion across Tier-2 and new markets. The company is strengthening profitability through `5.4 Cr capacity expansion, own poultry production, sourcing optimization, and growth in high-margin institutional products. Looking Ahead Enhanced farmer incomes Improved rural employment Strengthened domestic agri-food supply chains Built a trusted Indian consumer brand Contribution to Atmanirbhar Bharat
Background SRI Fund Impact Neuron Energy was founded by Pratik Kamdar and Raj Shah with the vision of strengthening India's clean-energy ecosystem through indigenous battery manufacturing and energy-storage solutions. The company develops advanced lithium-ion batteries, EV charging solutions, and energy-storage systems that support electric mobility, renewable energy integration, and energy security. Through support from Equanimity Ventures Fund II under the SRI Fund ecosystem, Neuron Energy achieved a revenue growth of 527% over last three years, accelerated the expansion of its manufacturing capabilities, strengthened its product portfolio, and enhanced its position in India's rapidly growing clean-energy and electric mobility sectors. Key Outcomes Expanded exports to Nepal and Bangladesh Created 145 direct jobs in the clean- energy sector Strengthened domestic capabilities in EV batteries and energy-storage technologies Built manufacturing capacity of up to 500 MW for lithium-ion battery solutions Clean Energy Maharashtra Year of Incorporation – 2022 Year of SRI Fund Investment - 2023 Equity Infusion - `23 Cr 26 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Promoted indigenous battery manufacturing and technology development Reduced dependence on imported energy-storage solutions Supported India's transition to electric mobility and clean energy Strengthened domestic manufacturing and skilled employment generation Neuron Energy aims to grow its domestic and international footprint with clean-energy and electric-mobility products, while investing in next-gen batteries like Sodium-ion, Aluminium-air and solid-state. It is also building a large battery storage facility in Maharashtra to support the grid, expand exports and back India's clean-energy goals. 27 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat Looking Ahead
Marine Manufacturing Kerala Year of Incorporation - 2023 Year of SRI Fund Investment - 2025 Equity Infusion - `20 Cr Background SRI Fund Impact Navalt Green Mobility Private Limited was founded by Sandith Thandasherry is an Indian company that designs and manufactures solar-electric and hybrid boats for passenger transport, tourism, defence, and commercial use. Along with building boats, the company develops electric propulsion systems and smart digital solutions that improve vessel performance and reduce fuel consumption. Through its innovative technology, Navalt is helping make marine transport cleaner, more efficient, and more sustainable. With support from BanyanTree India Growth Capital Fund under the SRI Fund ecosystem, Navalt strengthened its manufacturing capacity and expanded its green marine technology business. The company achieved around 30% revenue growth over last three years. This helped Navalt increase production, strengthen R&D, improve execution capabilities, and take on larger projects across India and international markets. 28 Key Outcomes Expanded exports to Canada, Israel, Seychelles, and the Maldives, strengthening India's global presence. Built a pipeline of 82 boats, with 44 operational and 38 under construction across multiple marine applications. Developed landmark innovations, including Aditya, Barracuda, Indra, and SRAV, setting new industry benchmarks Generated employment for 148 people while earning several national and international innovation awards. MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Contribution to Atmanirbhar Bharat Promoted Make-in-India by designing and manufacturing advanced marine technologies within the country. Supported clean transportation by replacing conventional fuel-powered boats with solar-electric and hybrid vessels. Reduced dependence on imported marine technologies while encouraging innovation and local manufacturing. Created skilled jobs and worked closely with coastal communities to develop practical and sustainable marine solutions. Navalt plans to expand into larger commercial, defence, cargo, and high-speed electric vessels while continuing to develop new clean marine technologies. The company is also working on autonomous boats, hydrogen-powered vessels, and wind-assisted propulsion systems. It aims to expand manufacturing, increase exports, and strengthen India's position as a global leader in sustainable marine transportation. Looking Ahead 29 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Sports Maharashtra Year of Incorporation - 2015 Year of SRI Fund Investment - 2023 Equity Infusion - `20 Cr Background Quidich Innovation Labs was founded by Gaurav Mehta and Rahat Kulshreshtha with the vision of transforming sports broadcasting through advanced computer vision and artificial intelligence technologies. The company develops proprietary visualisation, tracking, and analytics solutions that enhance the live viewing experience for cricket fans while enabling broadcasters to deliver richer and more immersive sports coverage. Key Outcomes Deployed technology across major international tournaments, including the ICC Cricket World Cup, ICC T20 World Cup and IPL Established international operations in Mumbai, Dubai, and London Created employment for 138 professionals across technology, engineering, and broadcast operations Supported over 1,000 broadcast days across international cricket events SRI Fund Impact Through support from Centre Court Capital Fund I under the SRI Fund ecosystem, Quidich achieved a revenue growth of 109% over last three years, expanding its international presence, and accelerated the development of indigenous sports broadcasting solutions. The support enabled the company to build globally competitive intellectual property and showcase Indian innovation at some of the world's most prestigious sporting events. 30 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Contribution to Atmanirbhar Bharat Built indigenous sports broadcast technologies and intellectual property in India Reduced reliance on imported broadcast visualisation and analytics solutions Strengthened India's presence in the global sports technology ecosystem Demonstrated India's capability to develop world-class technology solutions for global sporting events Quidich is focused on expanding its global footprint, strengthening its AI-powered sports analytics and visualisation capabilities, and leveraging strategic partnerships to become a leading global provider of sports broadcast technology solutions. 31 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Looking Ahead
Space Tech Telangana Year of Incorporation - 2012 Year of SRI Fund Investment - 2024 Equity Infusion - `20 Cr Background SRI Fund Impact Dhruva Space was founded by Sanjay Nekkanti, Abhay Egoor, Krishna Teja Penamakuru, and Chaitanya Dora Surapureddy with the vision of building indigenous space technologies for India. The company provides end-to-end space engineering solutions, including satellite platforms, ground stations, and launch-related services, helping strengthen India's capabilities across the space, launch, and ground segments. Through support from IAN Alpha Fund and IvyCap Ventures under the SRI Fund ecosystem, Dhruva Space achieved a revenue growth of 459% over last two years. This support accelerated the development of its indigenous space infrastructure, expanded manufacturing capabilities, and strengthened its position as a leading Indian space technology company. Key Outcomes Created 300+ high-skilled jobs in the space technology sector Built a 29,000+ sq. ft. satellite assembly, integration, and testing facility with advanced cleanroom infrastructure Expanded its presence across Asia, Europe, and the Middle East Strengthened indigenous R&D and advanced space engineering capabilities 32 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Advanced indigenous satellite and space infrastructure capabilities Looking Ahead Dhruva Space aims to strengthen its leadership as a full-stack space technology company by expanding satellite manufacturing, enhancing mission capabilities, and scaling sovereign space infrastructure while increasing exports and international partnerships to position India as a global hub for advanced space and defence technologies. Strengthened India's position in the global space economy Reduced dependence on imported space technologies Accelerated India's high-technology manufacturing ecosystem 33 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat
Health & InsurTech Punjab Year of Incorporation - 2019 Year of SRI Fund Investment - 2021 Equity Infusion - `16 Cr Background Vitraya Technologies was founded by Mrinal Sinha and Ankur Srivastava with the vision of transforming healthcare claims processing through technology. The company leverages artificial intelligence and blockchain to enable real-time processing of health insurance claims, helping hospitals and insurers reduce settlement timelines, improve transparency, prevent fraud, and enhance patient experience. SRI Fund Impact Through support from Cactus Partners Fund I under the SRI Fund ecosystem, Vitraya achieved 11x revenue growth over last three years, strengthening its technology platform and expanding its network of healthcare providers and insurers. The support helped the company scale into one of India's leading health-tech innovators, improving efficiency across the healthcare and insurance ecosystem. Key Outcomes Built a network of 6,000+ hospitals across India and Created employment for 60+ professionals Processes approximately 10 million health insurance claims annually, representing around 10% of India's health insurance claim traffic Facilitates claims with an annual value of approximately ₹16,700 crore Expanded internationally with operations in Kenya and East Africa 34 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Developed indigenous healthcare and insurance technology solutions Improved efficiency, transparency, and speed in healthcare claims processing Supported fraud prevention and better governance in the insurance ecosystem 35 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Contribution to Atmanirbhar Bharat Vitraya Technologies, which powers fast, automated health insurance claims in India, is now expanding overseas while creating a shared standard that lets its technology connect easily with different insurers. Backed by investors, it's also building ready-to-use AI tools for areas like dialysis and diagnostic centres, with smart technology that settles claims in almost no time. Looking Ahead
36 Background SRI Fund Impact Jidoka Technologies was founded by Sekar Udayamurthy, Vinodh Venkatesan, and Krishna Iyengar with the vision of transforming manufacturing through artificial intelligence and computer vision. The company develops AI-powered quality inspection and automation solutions that help manufacturers improve productivity, reduce defects, and achieve global quality standards Through support from Arali Ventures II under the SRI Fund ecosystem, Jidoka achieved a revenue growth of 41% over last two years, accelerating the development and deployment of its indigenous AI-powered industrial automation platforms and strengthened its international presence. The support enabled the company to make advanced manufacturing technologies accessible to other MSMEs. Key Outcomes Expanded international presence across North America, Europe, LATAM and Japan Created 50+ high-skilled technology jobs in artificial intelligence and industrial automation Developed proprietary AI-powered platforms for automated quality inspection and defect detection AI & Deep Tech Tamil Nadu Year of Incorporation - 2018 Year of SRI Fund Investment - 2024 Equity Infusion - `8 Cr MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Contribution to Atmanirbhar Bharat 37 Developed indigenous AI and computer vision technologies for manufacturing Strengthened India's Industry 4.0 and smart manufacturing ecosystem Reduced dependence on imported industrial automation solutions Enhanced competitiveness of Indian manufacturers through advanced technology adoption MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Jidoka Technologies aims to expand its AI-powered vision & automation tools across global manufacturing sectors like automotive, pharma and electronics, while building smarter, self-learning systems that are easier and faster to adopt. It also plans to grow in markets like North America, Europe and Japan through partnerships, while building homegrown Industry 4.0 tech from India and creating high-skilled AI jobs. Looking Ahead
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय Background CSV Retails India Private Limited, operating under the brand Weave & Decor, was founded by Chandan Khurana to build a design-led home furnishings brand. The company manufactures and distributes bedsheets, curtains, comforters, blankets and other home textile products. Through an integrated manufacturing and digital-first distribution model, it delivers quality products while making premium home décor affordable and accessible. SRI Fund Impact With support from SVAS under the SRI Fund ecosystem, Weave & Decor achieved a 15x increase in revenue within last one year. This helped the company expand from a growing business into a more structured and scalable business by supporting product development, inventory expansion, technology adoption, supply chain strengthening, and the growth of its online and offline sales channels. Key Outcomes Operates an integrated manufacturing and sourcing network with an annual capacity of 5 lakh+ units. Achieved ₹14 Cr+ in annual revenue with year-on-year growth. Built a strong presence across D2C, online marketplaces, B2B distribution, and quick-commerce platforms. Created local employment and supported micro-entrepreneurs and resellers through its distribution network. Textiles Haryana Year of Incorporation – 2023 Year of SRI Fund Investment - 2025 Equity Infusion - `5 Cr 38
Contribution to Atmanirbhar Bharat Strengthened India's textile manufacturing ecosystem through integrated production in Panipat. Created opportunities for factory workers, designers, logistics partners, and small businesses across the value chain. Promoted sustainable manufacturing by improving production efficiency, reducing waste, and optimising material use. Made quality home furnishings more accessible, especially in Tier-2 and Tier-3 markets. 39 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय CSV Retails plans to grow into a global, multi-channel home furnishings brand by expanding into premium product segments, strengthening its quick-commerce presence, increasing exports, and investing in technology, product innovation, supply chain optimisation, and new home décor categories. Looking Ahead
40 Robotics Odisha Year of Incorporation - 2021 Year of SRI Fund Investment - 2022 Equity Infusion - `1 Cr Background SRI Fund Impact Coratia Technologies was founded by Debendra Pradhan, Biswajit, and Amit Kumar with the vision of developing indigenous underwater robotic systems for strategic and industrial applications. Based in Rourkela, Odisha, the company designs and manufactures advanced underwater robots that enable safe inspection, monitoring, maintenance, and defence operations for critical underwater infrastructure. Through support from NextGen Technology Fund I under the SRI Fund ecosystem, Coratia accelerated product development, strengthened manufacturing and R&D capabilities, and expanded market access. The support enabled the company to commercialise indigenous underwater robotics solutions, replacing imported technologies and strengthening India's strategic technological self-reliance. Key Outcomes Established manufacturing and R&D infrastructure at NIT Rourkela, Odisha Developed indigenous underwater robotic systems for inspection, surveillance, and maintenance applications Built annual production capacity of 15 robotic units Created employment opportunities for engineers, researchers, software developers, and technicians MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Looking Ahead Contribution to Atmanirbhar Bharat Strengthened India's self-reliance in underwater defence and marine robotics Enhanced safety by replacing hazardous manual diving operations with robotic solutions Promoted deep-tech manufacturing and high-skilled employment in emerging technologies Reduced dependence on imported underwater inspection and surveillance systems Coratia Technologies is focused on expanding its manufacturing and R&D infrastructure, enhancing the capabilities of its underwater surveillance platforms, and scaling deployments across defence, infrastructure, energy, and maritime sectors while pursuing export opportunities in global markets. 41 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
EdTech Tripura Year of Incorporation - 2021 Year of SRI Fund Investment - 2022 Equity Infusion - `0.25 Cr Background SRI Fund Impact SHOMISH EDTECH Private Limited, founded by Susanta Shome, is an education technology company based in Tripura that has developed an intelligent, hybrid, state-focused online learning platform. The platform brings together its own educational content and courses from partner institutions to provide students with comprehensive preparation for government recruitment examinations, entrance tests, and school education through a single digital platform. With support from Nextgen Technology Fund I under the SRI Fund ecosystem, SHOMISH strengthened its digital education platform and expanded access to technology-enabled learning. The investment helped the company enhance its content aggregation platform and improve the delivery of quality educational resources to students Key Outcomes Offers comprehensive preparation for government job examinations, entrance exams, and school education. Developed an intelligent hybrid online platform integrating its own and partner educational content. Delivers technology-enabled learning through a single, integrated digital platform. Uses advanced data analytics to provide intelligent learning support and performance insights. 42 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय
Contribution to Atmanirbhar Bharat Expanded access to affordable, technology-enabled education for students across Northeast India. Supported skill development by helping students prepare for government jobs and competitive examinations. Strengthened the EdTech ecosystem through a locally developed digital learning platform. Improved digital inclusion by making quality educational content accessible beyond traditional classrooms. 43 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय SHOMISH plans to further enhance its digital learning platform by expanding educational content, strengthening technology capabilities, and reaching more learners through accessible, state-focused online education solutions. Looking Ahead
Kartavya Bhawan - 03, New Delhi – 110001 MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES GOVERNMENT OF INDIA भारत सरकार सू� , लघु और म�म उ�म मंत्रालय