Optimally Using Capital Is Key To Move Forward: S. Ravi

Amid the financial hurdles faced by India's small businesses, especially in the last few years, S. Ravi, Promoter and Partner, Ravirajan & Co LLP and Former Chairman, BSE on Thursday said that optimally using capital is the key as India moves forward.

During his keynote address at the BW Emerging Business Summit & Awards, Ravi emphasised the critical contribution of micro, small and medium enterprises (MSMEs) and SMEs and acknowledged their role in India's progress. 

Drawing from his experience working closely with the Hindustan Aeronautics Board, Ravi underlined the vital role that these enterprises play in organisations like ISRO, where numerous innovators and technology leaders collaborate to ensure success.

"Capital constraints are there," Ravi acknowledged. He pointed out the challenges faced by companies, particularly during trying times like the Covid-19 pandemic. He stressed that optimising capital utilisation is paramount for emerging technology companies and MSMEs to thrive in today's competitive landscape.

Ravi also delved into the changing dynamics of the industry. He noted that larger corporations were growing even larger, while smaller players were seeking alliances to remain competitive. He highlighted the significance of collaboration and suggested that sharing resources, marketing abilities and cost optimisation could be the game-changers for smaller enterprises.

Looking into the future, Ravi envisioned a rapid transformation of industries due to technological advancements and changing market dynamics. He emphasised the importance of forward planning, risk mitigation, and understanding the end game for entrepreneurs and businesses. 

He encouraged entrepreneurs to keep an eye on the shifting business environment and develop core teams that could navigate these changes effectively.