Small and Medium-Sized Enterprises (SMEs) listed on the National Stock Exchange’s (NSE) Emerge platform have surpassed the significant milestone of Rs. 1,00,000 Crore in Market Capitalization. This achievement underlines the pivotal role played by the NSE Emerge platform since its inception in 2012, providing a robust and sustainable avenue for the growth of SMEs in India.With 397 companies currently listed on NSE Emerge, having raised over Rs. 7,800 Crores, the platform continues to catalyze the expansion of the SME sector. The Nifty SME EMERGE Index, comprising 166 companies from 19 sectors, has demonstrated a noteworthy Compound Annual Growth Rate (CAGR) of 39.78% till November 2023, underscoring the sector’s consistent growth and contribution to the nation’s economic landscape.
Earlier this year, NSE strengthened its criteria for the migration of SME-listed companies to its mainboard platform, promoting higher quality businesses with a focus on regulatory compliance. Currently, 138 companies have successfully migrated to the NSE mainboard platform.
Commenting on this milestone, Shri Sriram Krishnan, Chief Business Development Officer, NSE, emphasized, “NSE Emerge listed companies crossing one lakh crore market capitalization is a significant milestone. This showcases the hidden potential of Indian MSMEs that have been the driving force of our country’s economic growth.”He further urged Indian MSMEs to explore alternative sources of raising capital through NSE Emerge, reinforcing NSE’s commitment to facilitating fundraising opportunities for emerging organizations.