Latest news with #TallyMSMEHonours
Mint
3 days ago
- Business
- Mint
Tally MSME Honours 2025: Stories of resilience, innovation, and purpose
A silent force is at work in the story of India's growth into an economic superpower. It is reshaping markets and redefining success. It is a movement not born in boardrooms but in workshops, kitchens, and start-ups operating across the length and breadth of the country. It is the story of India's Micro, Small, and Medium Enterprises (MSMEs), and it is nothing short of a revolution. Figure this: In Kolkata, Raghav Agarwal of Umay Benaras is weaving heritage Bararasi traditions into high-street global luxury fashion. By blending age-old weaving traditions with modern design sensibilities, he has created a brand that not only commands a premium but also restores dignity for local artisans who are its heart. In Darbhanga, Shravan Kumar Roy turned a humble superfood 'makhana' into a gourmet snack brand by fusing his food-tech expertise with regional pride. His focus on value addition and smart packaging created new markets for a traditional product, making it aspirational and accessible. Gaurang Agashe's journey with Unbox Your Desire is one of bold reinvention. Starting with food delivery, he has now pivoted into a tech-first platform for pharma logistics and home services, proving that a single, purpose-driven idea can be the foundation for an entire ecosystem of solutions for real-world needs. In Burdwan, Nandini Bhattacharyya of APN Industries defied deep-seated social biases in the manufacturing sector to build a successful electrical components business. Her story is a powerful reminder that quality and persistence can overcome any prejudice. In Gurugram, Utkarsh Khandelwal's Infloso AI is not just building a business – it is defining the future of marketing. His AI-powered marketer, Molly, is already working with global giants and government bodies, showing that an Indian MSME can be a global leader in the most cutting-edge of fields. With 1.5M+ users, 11,000+ brands on the waitlist, and successful pilots with global giants like Lowe's USA, Suzuki, Panasonic, Zepto, and government bodies in Japan and India, Infloso is scaling rapidly across five countries. These are some of the stories that the fifth edition of Tally MSME Honours, held across 7 cities in early July, brought to light. Each of the 20,000+ entries was a powerful story of transformation, rooted in resilience, innovation, and purpose. They show that across India, MSMEs are not just surviving. They are innovating and proving that our country's economic future is not being built just by a few corporate giants, but the hard work of millions of small businesses who are dreaming big. From Tech Transformers, who are reimagining operations through digital tools, to inspiring participation from Tier 2 towns like Karad, Sivakasi, and Bhilwara, the scale and depth of transformation were noteworthy. 'One of the most striking trends from this year's Tally MSME Honours 2025 was the digital transformation led by legacy businesses, many of them run by seasoned entrepreneurs in their 60s - 70s. Particularly within the Tech Transformer category, it was inspiring to see these long-established business leaders embracing technology not as a disruption, but as an essential step to stay relevant and future-ready,' said Jayati Singh, Chief Marketing Officer & Interim India Business Head at Tally Solutions Pvt Ltd. Using digital as an enabler MSME's today contribute to about 30 per cent of our Gross Domestic Product (GDP) and account for almost half of the country's total exports. 'Digital transformation has become a vital enabler for MSMEs, helping them scale, stay resilient, and compete in an increasingly dynamic economy. From automating financial operations to leveraging digital channels for customer engagement, technology is no longer a choice; it's a necessity for sustained growth,' Singh added. This shift is particularly empowering in smaller towns and emerging regions, where businesses are now able to overcome the limitations of manual processes and limited market access. Going digital allows MSMEs to operate with agility, tap into data for better decision-making, and integrate more easily with formal financial and regulatory systems. Pressure points However, despite being engines of innovation and employment, MSMEs continue to face several fundamental challenges, including limited access to formal financing and digital infrastructure, as well as a lack of exposure beyond their immediate markets, particularly in non-metro and remote regions. Many still operate in silos, making it difficult to scale or gain visibility outside their local ecosystems. However, change is coming, and MSMEs are seeking new means to scale. A shift is being witnessed where an increasing number of businesses are building resilience, taking small but significant steps toward digital adoption, seeking visibility, and exploring new ways to grow. There has also been a rise in women-led enterprises and businesses emerging from Tier 2 and Tier 3 cities, pointing to a more inclusive and representative growth story. Key drivers of change There are three main levers powering growth for MSMEs and driving change – the government, corporates and technology providers. Each of these stakeholders brings something unique to the table, from the right policies to access, innovation, or visibility. Governments can make a deeper impact by tuning into real stories and ground realities to create targeted and effective policies. 'Udyam Registration is a gateway for all MSME schemes of the government. One of the biggest issues seen with MSMEs is that of cash flows and delayed payments. Towards this, the ministry introduced a Delayed Payments Act for MSMEs where any vendor who delays payments is liable to pay three times the bank interest as a penalty. Further, buyers cannot delay payments beyond 45 days, as stipulated by the government,' said Praful Umare, Assistant Director, Ministry of MSME, Government of India, at the Mumbai event. Furthermore, corporates can enable market access, offer mentorship, and create opportunities for collaboration, especially for MSMEs in underserved geographies. Strategic alliances with financial institutions can also help extend credit access to where it's needed most. Technology providers can play a pivotal role in simplifying tools, improving affordability and enabling digital adoption through education and localised support. Beyond access, inclusivity is essential, supporting women-led businesses, sustainability-focused enterprises, and first-time entrepreneurs is critical to building a more balanced ecosystem aligned with MSMEs. Spotlighting success stories Initiatives like Tally MSME Honours are a step in the right direction as they aim to spotlight success stories, not just to celebrate them, but to surface inspiration, build community, and encourage others to take that next step forward. 'We saw incredible stories in categories like Wonder Woman and NewGen Icon, where MSMEs were not just creating jobs but championing inclusive, purpose-led entrepreneurship. Equally inspiring were the Champions of Cause, businesses that are placing social impact and sustainability at the heart of their growth. Their stories reinforce our belief at Tally: that real change often starts small, but when supported, can ripple across economies and communities,' she further added. Beyond the recognition The Tally MSME Honours platform goes beyond just recognition. Winners from each edition are engaged throughout the year across multiple platforms. They are invited to participate in knowledge-sharing sessions, panel discussions, ecosystem events, and networking forums curated by Tally. Many also get the opportunity to represent their regions and sectors on larger platforms, helping amplify their voice and inspire others. 'Our intent is to foster a thriving community of entrepreneurs who can learn from one another, share their expertise, and continue growing together. Our larger goal is to build a connected ecosystem where small businesses don't just get recognised but are empowered to thrive,' Singh concluded.
Hindustan Times
3 days ago
- Business
- Hindustan Times
Tally MSME Honours 2025: Stories of resilience, innovation, and purpose
A silent force is at work in the story of India's growth into an economic superpower. It is reshaping markets and redefining success. It is a movement not born in boardrooms but in workshops, kitchens, and start-ups operating across the length and breadth of the country. It is the story of India's Micro, Small, and Medium Enterprises (MSMEs), and it is nothing short of a revolution. Celebrating the dreamers, doers, and disruptors — MSME champions from across India who are proving that big impact often starts with one bold idea. Figure this: In Kolkata, Raghav Agarwal of Umay Benaras is weaving heritage Bararasi traditions into high-street global luxury fashion. By blending age-old weaving traditions with modern design sensibilities, he has created a brand that not only commands a premium but also restores dignity for local artisans who are its heart. In Darbhanga, Shravan Kumar Roy turned a humble superfood 'makhana' into a gourmet snack brand by fusing his food-tech expertise with regional pride. His focus on value addition and smart packaging created new markets for a traditional product, making it aspirational and accessible. Gaurang Agashe's journey with Unbox Your Desire is one of bold reinvention. Starting with food delivery, he has now pivoted into a tech-first platform for pharma logistics and home services, proving that a single, purpose-driven idea can be the foundation for an entire ecosystem of solutions for real-world needs. In Burdwan, Nandini Bhattacharyya of APN Industries defied deep-seated social biases in the manufacturing sector to build a successful electrical components business. Her story is a powerful reminder that quality and persistence can overcome any prejudice. In Gurugram, Utkarsh Khandelwal's Infloso AI is not just building a business – it is defining the future of marketing. His AI-powered marketer, Molly, is already working with global giants and government bodies, showing that an Indian MSME can be a global leader in the most cutting-edge of fields. With 1.5M+ users, 11,000+ brands on the waitlist, and successful pilots with global giants like Lowe's USA, Suzuki, Panasonic, Zepto, and government bodies in Japan and India, Infloso is scaling rapidly across five countries. These are some of the stories that the fifth edition of Tally MSME Honours, held across 7 cities in early July, brought to light. Each of the 20,000+ entries was a powerful story of transformation, rooted in resilience, innovation, and purpose. They show that across India, MSMEs are not just surviving. They are innovating and proving that our country's economic future is not being built just by a few corporate giants, but the hard work of millions of small businesses who are dreaming big. From Tech Transformers, who are reimagining operations through digital tools, to inspiring participation from Tier 2 towns like Karad, Sivakasi, and Bhilwara, the scale and depth of transformation were noteworthy. 'One of the most striking trends from this year's Tally MSME Honours 2025 was the digital transformation led by legacy businesses, many of them run by seasoned entrepreneurs in their 60s - 70s. Particularly within the Tech Transformer category, it was inspiring to see these long-established business leaders embracing technology not as a disruption, but as an essential step to stay relevant and future-ready,' said Jayati Singh, Chief Marketing Officer & Interim India Business Head at Tally Solutions Pvt Ltd. Using digital as an enabler MSME's today contribute to about 30 per cent of our Gross Domestic Product (GDP) and account for almost half of the country's total exports. 'Digital transformation has become a vital enabler for MSMEs, helping them scale, stay resilient, and compete in an increasingly dynamic economy. From automating financial operations to leveraging digital channels for customer engagement, technology is no longer a choice; it's a necessity for sustained growth,' Singh added. This shift is particularly empowering in smaller towns and emerging regions, where businesses are now able to overcome the limitations of manual processes and limited market access. Going digital allows MSMEs to operate with agility, tap into data for better decision-making, and integrate more easily with formal financial and regulatory systems. Pressure points However, despite being engines of innovation and employment, MSMEs continue to face several fundamental challenges, including limited access to formal financing and digital infrastructure, as well as a lack of exposure beyond their immediate markets, particularly in non-metro and remote regions. Many still operate in silos, making it difficult to scale or gain visibility outside their local ecosystems. However, change is coming, and MSMEs are seeking new means to scale. A shift is being witnessed where an increasing number of businesses are building resilience, taking small but significant steps toward digital adoption, seeking visibility, and exploring new ways to grow. There has also been a rise in women-led enterprises and businesses emerging from Tier 2 and Tier 3 cities, pointing to a more inclusive and representative growth story. Key drivers of change There are three main levers powering growth for MSMEs and driving change – the government, corporates and technology providers. Each of these stakeholders brings something unique to the table, from the right policies to access, innovation, or visibility. Governments can make a deeper impact by tuning into real stories and ground realities to create targeted and effective policies. 'Udyam Registration is a gateway for all MSME schemes of the government. One of the biggest issues seen with MSMEs is that of cash flows and delayed payments. Towards this, the ministry introduced a Delayed Payments Act for MSMEs where any vendor who delays payments is liable to pay three times the bank interest as a penalty. Further, buyers cannot delay payments beyond 45 days, as stipulated by the government,' said Praful Umare, Assistant Director, Ministry of MSME, Government of India, at the Mumbai event. Furthermore, corporates can enable market access, offer mentorship, and create opportunities for collaboration, especially for MSMEs in underserved geographies. Strategic alliances with financial institutions can also help extend credit access to where it's needed most. Technology providers can play a pivotal role in simplifying tools, improving affordability and enabling digital adoption through education and localised support. Beyond access, inclusivity is essential, supporting women-led businesses, sustainability-focused enterprises, and first-time entrepreneurs is critical to building a more balanced ecosystem aligned with MSMEs. Spotlighting success stories Initiatives like Tally MSME Honours are a step in the right direction as they aim to spotlight success stories, not just to celebrate them, but to surface inspiration, build community, and encourage others to take that next step forward. 'We saw incredible stories in categories like Wonder Woman and NewGen Icon, where MSMEs were not just creating jobs but championing inclusive, purpose-led entrepreneurship. Equally inspiring were the Champions of Cause, businesses that are placing social impact and sustainability at the heart of their growth. Their stories reinforce our belief at Tally: that real change often starts small, but when supported, can ripple across economies and communities,' she further added. Beyond the recognition The Tally MSME Honours platform goes beyond just recognition. Winners from each edition are engaged throughout the year across multiple platforms. They are invited to participate in knowledge-sharing sessions, panel discussions, ecosystem events, and networking forums curated by Tally. Many also get the opportunity to represent their regions and sectors on larger platforms, helping amplify their voice and inspire others. 'Our intent is to foster a thriving community of entrepreneurs who can learn from one another, share their expertise, and continue growing together. Our larger goal is to build a connected ecosystem where small businesses don't just get recognised but are empowered to thrive,' Singh concluded.
Mid East Info
08-08-2025
- Business
- Mid East Info
Tally MSME Honours 2025 recognises Entrepreneurial Excellence in the Kingdom of Saudi Arabia - Middle East Business News and Information
Riyadh, Saudi Arabia, August 8, 2025: Tally Solutions, a leading business management software company for small and medium enterprises (SMEs), has announced the winners of the fifth edition of Tally MSME Honours 2025 from the Kingdom of Saudi Arabia (KSA). This flagship annual initiative recognises entrepreneurs and small businesses that have demonstrated innovation, resilience, and excellence across diverse sectors and categories within the Kingdom. As KSA accelerates private sector growth and digital transformation under Vision 2030, the Tally MSME Honours stand as a testament to the country's commitment to nurturing a thriving, innovation-led SME ecosystem. The winners were felicitated at a grand event in the city, across four carefully curated categories- Business Maestro, Wonder Woman, NewGen Icon, and Tech Transformer. This year's edition received over 400 nominations from KSA and over 20,000 nominations globally, further expanding its reach and relevance within the MSME community. Commenting on the occasion, Mohd. Shoaib Akthar, Deputy General Manager – KSA, Tally Solutions, said, 'MSMEs are the backbone of Saudi Arabia's evolving, diversified economy. As the Kingdom propels forward with its Vision 2030 agenda, the role of agile, tech-driven small businesses becomes increasingly vital. With the government taking strong steps to support SMEs through policies and digital initiatives, it's an exciting time for entrepreneurs in the Kingdom. Through Tally MSME Honours, we aim to augment these national efforts, by spotlighting and celebrating the changemakers who are driving transformation across sectors. It's our way of recognising their impact and reaffirming our commitment to supporting their continued success.' The event was graced by the presence of Eng. Ahmed F. Mursi, Startup Hub Manager at Wadi Makkah – Monsha'at. A key contributor to Saudi Arabia's entrepreneurial ecosystem, his presence underscored the event's alignment with the Kingdom's efforts to accelerate SME growth and support early-stage businesses through strategic platforms like Tally MSME Honours. Sharing his thoughts, he said, 'Saudi Arabia today is one of the fastest-growing startup ecosystems in the world, and Monsha'at is proud to be at the forefront of this momentum. Through our various hubs, accelerators, investor networks, and support programs, we are committed to empowering founders from idea to scale. Initiatives like the Tally MSME Honours complement our efforts by celebrating the entrepreneurial spirit and shining a light on the changemakers building the future of the Kingdom.' The initiative recognised standout organisations from Saudi Arabia across four key categories. Under the Business Maestro category, honours were awarded to Mohammed Abdul Kareem Giraud of Mag Computer Trading Company and Othman Rashid Al Othman of Ora Real Estate for their visionary leadership and enterprise growth. The Wonder Woman category celebrated exceptional women-led businesses, with awards going to Fathima Alshubat of GECAT Ltd and Wafa Mohammad of WM Boutique. The NewGen Icon accolade highlighted emerging entrepreneurial talent, with Retal Alkhatabi and Manar Osilan of Pieces, and Ikram Ahmed Khan of IfTab (International Forum for Trade and Business) being recognised for their bold and progressive ventures. In the Tech Transformers category, Deepak Kumar & Shaiju Puthukkat of Zartec Solutions and Saif Almufalhi of Al Marsa Marine Company were honoured for their innovative use of technology to drive business excellence at scale. With each passing year, Tally MSME Honours continues to serve as a platform for recognition, inspiration and growth, bringing unsung entrepreneurial heroes to the forefront and celebrating their contributions to the global economy. About Tally Software Solutions FZCO Tally Software Solutions FZCO is a pioneer in the business management software industry. Accredited by the FTA and the ZATCA, Tally Solutions has been present in the GCC for the last decade and has helped over 70,000 businesses in the country with their accounting, inventory, and compliance needs. Since its inception in 1986, Tally's simple yet powerful products have been revolutionizing the way businesses run. Having delivered path-breaking technology consistently for more than 3 decades, Tally symbolizes unmatched innovation and leadership. With the trust of over 2.6 million businesses worldwide, it caters to more than 7 million users across industries in over 100 countries.
Zawya
09-06-2025
- Business
- Zawya
Tally MSME Honours marks the fifth year of championing MSME innovation and growth
Tally Solutions, a leading international technology provider of business management software, has announced the launch of the fifth edition of its flagship annual initiative- Tally MSME Honours. Building on the momentum of four successful years, MSME Honours continues to recognize and celebrate emerging entrepreneurs who are shaping the future of UAE's MSME ecosystem through innovation, resilience, and impact. Over the last four editions, Tally MSME Honours' has received over 27,000 nominations with over 1500 entries from businesses in the Middle East, making it one of the biggest platforms globally to celebrate MSMEs. This year, Tally expects a record-breaking 20,000 nominations, of which 10% from the Middle East. The winners will be felicitated on International MSME Day, June 27, 2025. The honours will also spotlight MSME success stories from across the GCC. With a focus on lasting impact, Tally MSME Honours goes beyond recognition to elevate and empower entrepreneurial voices. The initiative offers continued opportunities for growth and visibility, with past winners becoming part of a thriving community of changemakers. Through industry panels, business forums, and ecosystem events, they gain a platform to share their journeys, strengthen partnerships, and drive sustained impact.
Mid East Info
04-06-2025
- Business
- Mid East Info
Tally MSME Honours Marks the Fifth Year of Championing MSME Innovation and Growth - Middle East Business News and Information
Tally Solutions , a leading international technology provider of business management software, has announced the launch of the fifth edition of its flagship annual initiative- Tally MSME Honours. Building on the momentum of four successful years, MSME Honours continues to recognize and celebrate emerging entrepreneurs who are shaping the future of UAE's MSME ecosystem through innovation, resilience, and impact. Over the last four editions, Tally MSME Honours' has received over 27,000 nominations with over 1500 entries from businesses in the Middle East, making it one of the biggest platforms globally to celebrate MSMEs. This year, Tally expects a record-breaking 20,000 nominations, of which 10% from the Middle East. The winners will be felicitated on International MSME Day—June 27, 2025. The honours will also spotlight MSME success stories from across the KSA, India, Bangladesh, Nepal and Africa. Addressing this initiative, Vikas Panchal, General Manager, Tally Solutions MENA, said 'As we open nominations for the fifth edition in the UAE, we are proud to continue a journey that goes far beyond recognition. Tally MSME Honours has become a platform that uplifts real stories of resilience and everyday impact; stories that too often go unheard. Across the region, MSMEs are driving business success while shaping communities with their efforts – creating jobs, and redefining possibilities. With this edition, we look forward to celebrating those who lead with purpose and contribute meaningfully to the UAE's economic and social fabric. This initiative is our effort to align with the UAE government's ongoing vision to empower and recognize MSMEs as vital engines of innovation, employment, and sustainable growth.' With a focus on lasting impact, Tally MSME Honours goes beyond recognition to elevate and empower entrepreneurial voices. The initiative offers continued opportunities for growth and visibility, with past winners becoming part of a thriving community of changemakers. Through industry panels, business forums, and ecosystem events, they gain a platform to share their journeys, strengthen partnerships, and drive sustained impact. Tally MSME Honours 2025 will feature the following award categories: Wonder Women: Honouring women entrepreneurs who have defied odds to build thriving businesses and inspire change. Honouring women entrepreneurs who have defied odds to build thriving businesses and inspire change. Business Maestro: Recognising experienced business leaders whose expertise and perseverance have laid strong foundations for others to follow. Recognising experienced business leaders whose expertise and perseverance have laid strong foundations for others to follow. NewGen Icon: Spotlighting startups that are redefining the business landscape with bold ideas and breakthrough innovations. Spotlighting startups that are redefining the business landscape with bold ideas and breakthrough innovations. Tech Transformer: Celebrating businesses that are leveraging technology to boost efficiency and drive digital transformation. Celebrating businesses that are leveraging technology to boost efficiency and drive digital transformation. e-Preneur Icon: Rising solopreneurs based out of UAE that are homegrown and creatively deliver to clients. The nomination entries will be judged by an esteemed panel comprising experts from the field of technology, the MSME domain, and the media. With a focus on inclusivity, the program aims to bring visibility to entrepreneurs from every corner of the UAE, across emirates, sectors, and stages of business maturity.
