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National Small Industries Corporation Ltd.

(A Government of India Enterprise)
Facilitating the Growth of Small Enterprise since 1955

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NSIC Pays Record Dividend for FY 2023-24 to Government of India

The National Small Industries Corporation Limited (NSIC), a Mini Ratna enterprise under the Ministry of MSME, paid dividend of  Rs 37.97 crore to the Government of India for the financial year 2023-24. The dividend cheque was presented by Dr. Subhransu Sekhar Acharya, CMD, NSIC, to Shri Jitan Ram Manjhi, Honorable Union Minister of MSME and Sushri Shobha Karandlaje, Honorable MoS, Ministry of MSME, in the presence of Shri S.C.L. Das, Secretary, Ministry of MSME, Ms. Mercy Epao, JS (SME), Shri Kartikeya Sinha, Director (P&M) and Shri Gaurav Gulati, Director (Finance), NSIC and other senior officials from Ministry and NSIC. During the occasion, Dr. Acharya highlighted NSIC financial milestones, including  revenue of  Rs. 3273 crore, marking an 18.16 percent growth, and a Profit after Tax (PAT) of Rs.126.56 crore, up by 14.55 percent from the previous year.  The Honorable Minister applauded NSIC’s efforts in empowering MSMEs through integrated support services, and both leaders expressed confidence in NSIC’s continued role in fostering enterprise creation and skill development.

The National Small Industries Corporation Limited (NSIC), a Mini Ratna enterprise under the Ministry of MSME, paid dividend of Rs 37.97 crore to the Government of India for the financial year 2023-24. The dividend cheque was presented by Dr. Subhransu Sekhar Acharya, CMD, NSIC, to Shri Jitan Ram Manjhi, Honorable Union Minister of MSME and Sushri Shobha Karandlaje, Honorable MoS, Ministry of MSME, in the presence of Shri S.C.L. Das, Secretary, Ministry of MSME, Ms. Mercy Epao, JS (SME), Shri Kartikeya Sinha, Director (P&M) and Shri Gaurav Gulati, Director (Finance), NSIC and other senior officials from Ministry and NSIC. During the occasion, Dr. Acharya highlighted NSIC financial milestones, including revenue of Rs. 3273 crore, marking an 18.16 percent growth, and a Profit after Tax (PAT) of Rs.126.56 crore, up by 14.55 percent from the previous year. The Honorable Minister applauded NSIC’s efforts in empowering MSMEs through integrated support services, and both leaders expressed confidence in NSIC’s continued role in fostering enterprise creation and skill development.

04 Dec 2024