The BSESME and Startup Platform market capitalization crosses Rs. 50,000 crores.

359 SME companies till date have listed on this platform, raising a total of Rs 3,794 crores, with 127 BSESME companies have already migrated to the main board.

The BSESME and Startup Platform on Friday crossed the Rs. 50,000 crore mark, bringing the platform’s total value to Rs. 50,536 crores, up from Rs. 10,000 crores in December 2014.

The platform since its inception in 2012, has continuously grown in value, by touching Rs. 20,000 crores in January 2017, Rs. 30,000 crores in July 2021, and Rs. 40,000 crores in November 2021, respectively.

359 SME companies till date have listed on this platform, raising a total of Rs 3,794 crores, with 127 BSESME companies have already migrated to the main board. interacted with Jagdish Dedhia, Chairman and Whole-Time Director of Mitsu Chem Plast Ltd, on this occasion. After a 3.5-year term as a BSESME listed company, the company during peak pandemic was the first to migrate virtually to the main board of BSE on May 27, 2020.

The company has been in operation for 31 years and was listed as a BSESME firm in 2016, raising then Rs. 9 crores at per share. The scrip’s closing price on Friday was Rs. 315.90, inferring that they have been able to develop wealth 900 times. They are a dividend-paying corporation that was able to issue a 2:1 bonus in January 2020.

Being a SME listed company, helped them raise another round of Rs. 8.5 crore the following year, which they used to expand their new factory in Khalapur. During this journey, they have also acquired two firms.

Dedhia stated, “When we originally listed, turnover was Rs. 100 crores; today, the market valuation is  of Rs. 381 crores”. He also mentioned that being a listed firm has its own benefits, such as credibility, wealth generation, and constructive input from investors, and that when a company expands, so do the investments and the investors, apart from you gaining access to large resources.

Jatin Dhansuklal Suratwala, Chairman and Managing Director of Suratwala Business Group, is a first-generation entrepreneur who operates a real estate development specialising in residential and commercial projects in Pune. On August 13, 2020, it became the first real estate company in Pune to be launched in the BSESME platform at Rs. 15 per share. It closed at Rs. 181.95 on Friday.

The company faced some difficulties at first, but it held true to its word and paid its investors on schedule. They currently have a land bank of 200 acres, which they began assimilating in 2011.

Ajay Thakur, the Head of BSESME and Startup Platform, pushed him to list his company. They intend to migrate to the main board by August 2022, when the two-year lock in period expires, and was very elated to state that they are  compliant with all of the governing authority’s requirements. The company was also recently awarded BSESME top performer award for generating wealth to the investors.

When asked to enumerate the advantages of being a publicly traded firm, Suratwala says, “We are able to produce money for ourselves and for others.” As your market cap rises, you begin to see the advantages of a profit-making company. You also contribute to the country’s economy. He continued, “If you have a priority and a competent staff, the compliant part is extremely easy.”