Latest news with #ManojMittal
The Hindu
23-05-2025
- Business
- The Hindu
Commercial credit portfolio of MSMEs grew 13%: report
The commercial credit portfolio for Micro, Small and Medium Enterprises (MSME) sector grew 13% year-over-year (YoY) as the overall credit exposure increased to ₹35.2 lakh crore as of March 31, 2025, according to TransUnion CIBIL and SIDBI's MSME Pulse Report for May 2025. This trend was largely driven by an increase in credit supply to existing borrowers, the report said. Overall MSME balance-level delinquencies improved to 1.8%, a 35 basis points drop from 2.1% in March 2024, primarily driven by the borrower segment with exposure of ₹50 lakh to ₹50 crore. The borrower segment with exposure up to ₹10 lakh, however, witnessed a slight deterioration at 5.8% in March 2025 compared to 5.1% in March 2024. Similarly, the borrower segment with exposure from ₹10 lakh to ₹50 lakh also saw a marginal rise in the delinquency level to 2.9% as compared to 2.8% in March last year. While the share of New-to-Credit (NTC) MSME borrowers to total new loan originations continued to be strong at 47% as of March 2025, it was lower than the share of 51% one year back. The report added that the trade sector contributed the greatest proportion of NTC borrowers at 53%, while the manufacturing sector saw the highest YoY growth (70%) in the number of NTC borrowers originating a commercial loan. Four states dominate commercial lending Maharashtra, Gujarat, Tamil Nadu, Uttar Pradesh and Delhi continued to dominate commercial lending, together accounting for 48% of the value of overall originations in the quarter ending March 2025. While the manufacturing sector had the greatest share of originations in Maharashtra, Gujarat, Tamil Nadu and Delhi, Uttar Pradesh had the most originations to the trade sector. Manoj Mittal, Chairman and Managing Director, Small Industries Development Bank of India (SIDBI) said that though the credit flow to the MSME sector has improved over the years, it still has an addressable credit gap. According to Bhavesh Jain, MD and CEO, TransUnion CIBIL, 'For MSMEs to achieve sustainable growth, it is imperative that they receive assistance in accessing formal credit and guidance in debt management.'
Hindustan Times
23-05-2025
- Business
- Hindustan Times
Mittsure's Educational Marketplace Gains Traction Among Schools, Teachers, and Parents
Mittstore, the newly launched educational marketplace by Mittsure, is fast becoming a go-to destination for schools, teachers, and parents looking for quality learning resources all in one place. In just a few months since its launch, Mittstore has started to shift how educational tools are bought and used across India. Whether itʼs classrooms in need of durable teaching aids, teachers looking for engaging materials, or parents exploring hands-on resources for at-home learning Mittstore brings it all together, without the usual hassle of managing multiple vendors. 'Schools were looking for convenience, quality, and reliability. Parents were looking for guidance. Teachers wanted something practical. Mittstore is our way of answering all of that,ˮ says Shri Manoj Mittal, Chairman of Mittsure. The idea for Mittstore emerged from years of close collaboration with schools through Mittsureʼs academic partnership programs. As real needs surfaced, from flashcards and activity kits to classroom décor and play-based learning tools, it became clear that the education community didnʼt just need another online store. They needed a single, trustworthy space where all stakeholders in a childʼs learning journey could find aligned, meaningful resources. What started as a solution to help schools simplify procurement has quickly expanded into a wider ecosystem that empowers anyone involved in a childʼs learning, teachers, parents, and school leaders alike. From NCF-aligned classroom curriculum including play based and augmented learning to toys, puppets, books, and Jaadui Pitara, Mittstore is bridging the gap between whatʼs taught in classrooms and whatʼs experienced at home. 'We didnʼt just launch a website,ˮ shares Yash Mittal, son of Mr. Manoj Mittal. 'Weʼve been in conversation with schools and educators who work on building a better curriculum and Mittstore is a result of those honest conversations.ˮ Ishita Mittal, daughter of Mr. Manoj adds, 'We wanted to make sure that whether you're a school ordering in bulk, a teacher planning next weekʼs lessons, or a parent looking for just the right flashcards, you feel supported, not overwhelmed.ˮ Everything in one place: No more chasing different vendors, find everything from pre primary books, tools, décor, to toys, and more, all curated for real classroom and home needs. With the early response being overwhelmingly positive, the Mittstore team is already working on expanding collections, bundling classroom-ready kits, and introducing smarter discovery tools for parents and teachers. 'This is just the beginning,ˮ says Shri Manoj Mittal. 'We want Mittstore to be more than a store, a space where education feels accessible, joyful, and truly supported, whether youʼre teaching in a school or at home.ˮ From large schools to young parents, from seasoned teachers to first-time buyers, Mittstore is growing as a community-led platform. Because when everyone involved in a childʼs education feels empowered, learning naturally gets better. Note to readers: This article is part of HT's paid consumer connect initiative and is independently created by the brand. HT assumes no editorial responsibility for the content, including its accuracy, completeness, or any errors or omissions. Readers are advised to verify all information independently. Want to get your story featured as above? click here!
