Mumbai, August 28, 2020: SME Chamber of India, a premier national chamber working towards the development of SMEs in India, has inducted Pratapsingh Nathani into its National Advisory Council and appointed him as the Co-chairman for the newly formed SME Banking and Finance Council for three years from August. This council will act as a task force to analyse, review, and address various issues and problems of the SME sector.
SMEs experience severe constraints in terms of growth as compared to large companies due to lack of critical size resulting in reduced access to markets, skills, and capital. The Council will observe the financial architecture of SMEs and conduct an in-depth analysis and address the main issues faced by SMEs. Kishor Kharat, Former Managing Director and Chief Executive Officer, Indian Bank and IDBI Bank has been designated as the Chairman for SME Banking and Finance Council.
In his role as a Co-Chairman and the Member of Advisory Council, Nathani will provide guidance and suggestions to accomplish the objectives for the empowerment and transformation of the Indian SME sector for global competitiveness.
Pratapsingh Nathani is currently the Chairman and Managing Director of Beacon Trusteeship Limited. He has over 25 years of experience in the banking and financial services sector and was associated with various organisations such as Centrum, Enam, Darashaw, JM Morgan Stanley, and JM Financial and ING Vysya Bank.
Chandrakant Salunkhe, Founder, SME Chamber of India, said “We are happy to appoint Pratapsingh Nathani as the Co-Chairman for SME Banking and Finance Council. We are confident that Nathani’s vast experience in the finance and banking sector will be beneficial and valuable in our goal of empowering and transforming the SME sector in India”.
Speaking on the new role, Pratapsingh Nathani Chairman and Managing Director of Beacon Trusteeship Limited, said “It is an honour to be appointed as Co-chairman for SME Banking and Finance Council which is a premier voice of the industry. It is a privilege to be a part of a body that has been on the forefront of policy implementation, policy change and encouraging SMEs to avail various incentives, government schemes as well as business and investment opportunities in the era of Make-In-India and Atmanirbhar Bharat. I look forward to this opportunity to engage effectively with SME Chamber of India’s initiatives towards strengthening the SME ecosystem in India”.
Pratapsingh Nathani will represent the chamber on private, public platforms and government platforms and actively interact with regulatory bodies to provide suggestions and recommendations related to various policies of SMEs and manufacturing industries.
