MSSIDC Head Office, Mumbai
Overview of MSSIDC
Established in 1962, Maharashtra Small Scale Industries Development
Corporation Limited (MSSIDC) was initially envisaged as an agency
to supply raw materials and to extend marketing assistance to small
scale units. Its basic objective was to help the small scale
Industries to develop and grow to the fullest extent.
However, over the years, MSSIDC has become India's leading
corporation, continuously responding to the expanding and
diversified needs of Small Scale Industries. It is
increasingly assisting SME & rural industries and providing
support services like consultancy, counseling, marketing, training,
import-exports, entrepreneurship development programme, etc.
MSSIDC started with a share capital of Rs. 10 lakhs and in
1963-64, its turnover was Rs. 86.57 lakhs (i.e. Rs. 8.65
From those early days, MSSIDC's turnover is steadily
increasing. During the period of last four (4) years, its turnover
rose from Rs. 127.88 crore (i.e.Rs. 1.278 billion) in 2005-06, to
Rs. 259.53 crore (i.e. Rs. 2.595 billion) in 2007-08 and to Rs.
291.73 crore (i.e. Rs. 2.917 billion) in 2008-09.
Correspondingly, the corporation's marketing assistance to Small
Scale Industries (SSI Units) for the year 2005-06 was Rs. 95.5
crores (i.e. Rs. 955 million), which has increased to Rs. 176.97
crore (i.e. Rs.1769 million) in the year 2007-08 and is maintained
at Rs. 175.25 crore (i.e. Rs. 1752 million) in the year
Today, the corporation's paid up capital is 9.13 crores and
authorized share capital is Rs 10 crores. MSSIDC board is planning
to increase its share capital to Rs. 20 crore.
This tremendous growth and expansion is made possible by its
dedicated team, implementation of innovative plans and schemes.
Further Links for Reading -
Vision of SME Sector Development in Maharashtra