National Small Industries Corporation Ltd (NSIC), a Government of India enterprise under the aegis of Ministry of MSME, achieved record operational and financial performance in terms of gross volume of business and profitability in the recently concluded financial year 2009-10. The year witnessed the Corporation achieved new heights on all parameters. There was substantial improvement in enhancing the company’s outreach and its volume of operations. With the opening of new offices the Corporation expanded its reach to serve larger number of MSMEs, making the total number of NSIC offices 123.  The Business Turnover of the Corporation for the year jumped to Rs. 4488  crore  over the previous year’s turnover of Rs. 3508 crore.

NSIC continued with its efforts to provide various raw materials like steel, aluminum, zinc, copper, paraffin wax etc to MSMEs through arrangements made with bulk manufacturers of these materials. In addition, the Corporation also started distribution of Coal to MSMEs in West Bengal. Total raw material facilitation to MSMEs increased from 302164 MTs in the year 2008-09 to 355719 MTs in the year 2009-10.

• The Corporation during the year provided credit support of Rs. 1056 crore to MSMEs as against Rs. 688 crore provided during the previous financial year, registering a growth of 53%.
• In the year 2009-10, total 3327 new units were registered under Single Point Registration Scheme, while in the previous year 2677 units were registered.
• Under B2B portal, total 3802 members were added during the year 2009-10, as against 2808 members made under Infomediary Services in the year 2008-09.
• The Corporation’s revenue from its above mentioned two membership schemes during the year 2009-10, increased to Rs. 5.55 crore from Rs. 4.12 Crore in the year 2008-09, registering the growth of 35%.
• The performance of NSIC’s Technical Centres also showed remarkable improvement in the year 2009-10. The aggregate income of the technical centres rose from Rs. 12.54 crore in the year 2008-09 to Rs. 17.16 crore in the year 2009-10, registering a growth of 37%.
• Under the Performance & Credit Rating Scheme, total 7531 micro & small enterprises were rated during the year, as against 5011 units rated in the previous year.
• NSIC organized 963 Marketing Promotion events including participation / organization / co-sponsoring of exhibitions, buyer-sellers meets and marketing campaigns as compared to 874 events in the previous year 2009-10. NSIC’s ‘Techmart 2009’ organized at the India International Trade Fair during November, 2009 was awarded ‘Gold Medal’ for outstanding display of the MSMEs technology and products.
• During the year, NSIC continued its initiative to set up new Training-cum Incubation centres under Public-Private Partnership (PPP) mode for the purpose of inculcating entrepreneurial skills in the youth by way of skill development through which they become employable or create their own enterprises. So far, 45 such centres have been established at various locations in the country. These are in addition to three incubation centres opened at our technical centres. During the year, 8364 candidates were trained at these centres.

The overall improved performance resulted in achievement of higher profit. The Corporation, during the year achieved operating profit of Rs. 28.13 crore, showing a jump of 205.43% over the operating profit of Rs. 9.21 crore in the previous financial year. After amortization of VRS expenditure of Rs. 2.12 crore, the Corporation has earned a net profit (before tax) of Rs. 25.94 crore, as compared to Rs. 6.92 crore earned during the previous year.

The major highlights of the achievements of the Corporation for the financial year 2009-10 are briefly summed up here-below:

Under the Performance & Credit Rating Scheme, total 7531 micro & small enterprises were rated during the year, as against 5011 units rated in the previous year.

NSIC organized 963 Marketing Promotion events including participation / organization / co-sponsoring of exhibitions, buyer-sellers meets and marketing campaigns as compared to 874 events in the previous year 2009-10. NSIC’s ‘Techmart 2009’ organized at the India International Trade Fair during November, 2009 was awarded ‘Gold Medal’ for outstanding display of the MSMEs technology and products.

During the year, NSIC continued its initiative to set up new Training-cum Incubation centres under Public-Private Partnership (PPP) mode for the purpose of inculcating entrepreneurial skills in the youth by way of skill development through which they become employable or create their own enterprises. So far, 45 such centres have been established at various locations in the country. These are in addition to three incubation centres opened at our technical centres. During the year, 8364 candidates were trained at these centres. 

These audited results are indicative of the continuous improvements in the performance of the Corporation.  The MOU rating of the Corporation for the year 2009-10, based on the audited data is ‘Excellent’.