- Moves to new spacious office at the iconic Shyamal at Shyamal Cross Road in Ahmedabad
- Aiming to grow the business to over 200 clients this year
- Offers one-stop solution for MSMEs to utilize their full potential to leapfrog in business and nation-building
GOWRI MANICKAVASAGAM
AHMEDABAD, MARCH 14
D&V Business Consulting, a top business and management consulting company in Ahmedabad that specializes in helping Micro, Small and Medium Enterprises (MSME), is aggressive on nationwide branch expansion.
As a precursor to this expansion plan, the company has moved in to a new office at the Iconic Shyamal at Shyamal Cross Road in Ahmedabad on Tuesday. It will accommodate the 50 plus strong team of consultants as well as to hold training workshops for their 500 clientile, including 300 from Gujarat.
Speaking with navjeevanexpress.com, Dharmesh Parikh, CEO of D&V Business Consulting, said, “We aim to grow businesses of more than 200 more clients this year, adding 3 more branches – New Delhi, Indore and Raipur – outside Gujarat before Diwali this year which will help generate 6,000 employments in MSME Segment. As of now our three offices in Ahmedabad, Vadodara and Surat cater to the needs of MSMEs in and around Gujarat, MP and Rajasthan States. While our Bengaluru branch takes care of Southern States, we are eyeing Tamil Nadu having the second largest MSME clusters in the nation. Maharashtra is the top-most state with the largest number of MSMEs is covered by our Mumbai branch. We are planning to double our clientele from the present 500 to 1,000 by 2026.”
Team offers well-rounded and effective solution to MSMEs
“Our team consists of 70 highly skilled individuals, including management graduates from the leading institutes like IIM Ahmedabad. They bring a wealth of expertise to the table. Our team of trainers and consultants work closely with our clients at their factory and office. We prioritize a comprehensive approach to business transformation, taking into account all aspects of the organization rather than focusing on just one area of management. This holistic perspective allows us to provide a well-rounded and effective solution that addresses the entire spectrum of challenges faced by our MSME clients,” added Parikh.
Challenges of MSMEs
On talking about the challenges being faced by the MSMEs, Parikh said, “Traditional businesses, such as family-run or long-established businesses, have recognized the importance of adapting to the digitalization and infusing professionalism to compete with MNCs and big corporates. However, they often struggle to implement transformation due to time and staff constraints. While they may excel in planning, they often face challenges when it comes to executing those plans. It has been demonstrated that many significant shifts in business practices are driven by external entities. This is where consulting firms like D&V Business Consulting come into play, assisting in creating a harmonious change management process.”
D&V Business Consulting is game-changer
Throwing light on the catalyst role of D&V Business Consulting, Parikh said, “We help the MSMEs make the switch from unorganised operations to more organised ones. This transformation entails realising their full potential, seizing market possibilities, and making the most use of their existing resources. Through efficient advice for businesses and training programmes for people we optimize their business. We do undertake market research for launching new products, preparing project reports to getting fund from the VCs, angel investors et al.”
Vision and mission of D&V Business Consulting
On the company’s vision and mission,Parikh said, “D&V Business Consulting since its inception has successfully coached and transformed more than 500 companies, trained 20,000 plus workforce and more than 35 different industries and adding at least 2 consulting domain every year. Factors like sales training, HR training, operation training, soft skill training, strategic planning, manufacturing planning, business automation techniques, industry 4.0 training, Lean methodology implementation etc. are indispensable for MSMEs to get more business. Benefits of working with D&V Business Consulting are getting more talented manpower from the market, helping them to be more productive in their manufacturing by implementing 5S- Sort, Set in Order, Shine, Standardize, and Sustain, Lean and Six Sigma, Organizing their Working Capital, P&L and Cash Flows, Helping them towards brand building through offline and Online Medium, Helping them to identify right market, customer, and segment to grow through market research & Expanding their market in India and abroad by creating more channel of Business.”
MSMEs contribute more than 29% in India’s GDP
Parikh added that MSMEs contributes more than 29% to India’s GDP, 45% of manufacturing output and generate around 140 million employments. With the Indian economy projected to grow 8% from $3.6 trillion in 2023 to $4.9 trillion in 2027, micro, small, and medium Enterprises (MSMEs) are likely to be a major engine of that growth.
In part thanks to initiatives from the Indian government that have worked to stimulate manufacturing and digital platforms, MSMEs are expected to contribute 35% to 40% of India’s total GDP by 2027. In just retail, these smaller businesses could account for up to 75% of the sector’s $1.4 trillion in value.
Gujarat MSMEs
The Micro, Small and Medium Enterprises (MSMEs) and industries of Gujarat have availed credit worth Rs 24,493.25 crore under the Emergency Credit Line Guarantee Scheme (ECLGS).
This marks the third-highest disbursement in India, trailing only Maharashtra (Rs 34,107.53 crore) and Tamil Nadu (Rs 27,141.49 crore), as reported by TOI.
With 3.4 lakh guarantees issued, the average ticket size per guarantee stands at Rs 14 crore.
According to information presented in Parliament by the Union Ministry of MSMEs, credit amounting to Rs 24,493.25 crore was disbursed until February 5 of the current year.
The prevalence of a higher number of MSMEs in Gujarat has made the emergency credit, backed by government guarantees, a significant boon for industries grappling with working capital challenges amidst geopolitical tensions, according to state industry stakeholders.
