The National Stock Exchange’s (NSE) Emerge platform has breached the Rs. 1,00,000 Crore market capitalization frontier, showcasing the transformative power of technology in the growth of Small and Medium Enterprises (SMEs). Since its initiation into the digital realm in 2012, NSE Emerge has been a catalyst for 397 tech-savvy companies, raising over Rs. 7,800 Crores and rewriting the code for SME success.
The Nifty SME EMERGE Index, akin to a software upgrade, has demonstrated an unprecedented Compound Annual Growth Rate (CAGR) of 39.78% until November 2023. This tech-driven success story is not just about financial bytes but the seamless integration of 166 companies from 19 sectors into the digital fabric of India’s economic growth.
Earlier this year, NSE revamped its criteria, unleashing a new algorithm for the migration of SMEs to the NSE mainboard platform. As 138 companies executed a successful migration, it signaled a system reboot favoring quality and innovation.Shri Sriram Krishnan, Chief Business Development Officer, NSE, proclaimed, “NSE Emerge listed companies crossing one lakh crore market capitalization is a testament to the digital evolution of Indian MSMEs.”
