Interesting MSMEs in India that have unique solutions

With 63.4 million units spread across the country, the MSME sector contributes around 6.11% of the manufacturing GDP and 24.63% of the GDP

 

 

Source:https://www.ibef.org/

 

India's Micro, Small, and Medium Enterprises (MSMEs) are a hotbed of innovation, developing unique solutions across various sectors. Here are a few examples of interesting MSMEs and their innovative approaches:

 

1.⁠ ⁠Agrahyah Technologies Pvt Ltd (Mumbai): Voice Technology for Vernacular Languages

 

Unique Solution: They've built a voice technology platform using NLP (Natural Language Processing) and ASR (Automatic Speech Recognition) that enables people to interact with devices (smartphones, speakers, appliances) using their voice in various Hindi dialects.

Impact: This bridges the digital gap for users who are more comfortable speaking in their local dialects, enhancing accessibility and user experience.

 

2.⁠ ⁠Befach 4X Pvt Ltd (Hyderabad): Sustainable Hard Water Solution

 

Unique Solution: They have a patented, low-cost hard water solution that uses a sequestering science. Instead of physically removing calcium and magnesium ions, it makes them inactive in the water.

Impact: This offers a more environmentally friendly and potentially cheaper alternative to traditional water softening methods.

 

3.⁠ ⁠Bellatrix Aerospace Pvt Ltd (Bangalore): Green Satellite Propulsion

 

Unique Solution: Their flagship product is a patented Microwave Plasma Thruster that uses water as a propellant for satellites in space.

Impact: This offers a "greener" and potentially more cost-effective alternative to traditional chemical propellants used in satellite propulsion.

 

4.⁠ ⁠Chakr Innovation Pvt Ltd (Delhi): Capturing Pollution from Diesel Generators

 

Unique Solution: They developed a technology that can be retrofitted onto diesel generators to capture about 90% of particulate emissions, converting this pollution into ink and paint.

Impact: This tackles the critical issue of air pollution from a significant source and finds a productive use for the captured pollutants.

 

5.⁠ ⁠Clensta International Pvt Ltd (Delhi): Waterless Hygiene Products

 

Unique Solution: They focus on developing waterless hygiene technologies and have created products like waterless body bath and shampoo.

Impact: This is particularly useful in water-scarce regions or for individuals with limited mobility, promoting hygiene without the need for large amounts of water.

 

6.⁠ ⁠Fluid Robotics (Pune): Advanced Pipeline Inspection Robots

 

Unique Solution: They design and deploy robots capable of inspecting water and wastewater pipelines, even very small ones (from 200 mm diameter up to large tunnels).

Impact: This allows for efficient and detailed inspection of critical infrastructure, helping to identify leaks and prevent major issues.

 

7.⁠ ⁠IIntech Harness Pvt Ltd (Pune)): Smart Irrigation Motor Controller

 

Unique Solution: They've developed a "farmer obedient motor controller" for electric irrigation pumps. This allows farmers to precisely control water supply based on timing, leading to significant water and power savings and eliminating manual operation.

Impact: This addresses the crucial issue of water management in agriculture, improving efficiency and reducing waste.

 

8.⁠ ⁠Leowin Solutions Pvt Ltd (Mangalore): Chemical-Free Mosquito Trap

 

Unique Solution: Their patented MozziQuit Mosquito Trap attracts, traps, and kills female mosquitoes without using any chemicals, consumables, or UV radiation.

Impact: This offers a safer and more environmentally friendly way to control mosquito populations and reduce the risk of mosquito-borne diseases.

 

9.⁠ ⁠ Lithion Power Pvt Ltd (Delhi): Battery-as-a-Service for EVs

 

Unique Solution: They are India's largest "Battery as a Service" operator, providing lithium-ion batteries for electric bikes and three-wheelers. They've also developed "omni-charging technology" allowing charging at home, public chargers, or their swap stations.

Impact: This tackles the high upfront cost and range anxiety associated with electric vehicles by offering a flexible and accessible battery solution.

 

Examples of Unique Solutions in other sectors which you can take up if you have the idea / commitment to startup:

 

Handicrafts and Artisanal Products:
MSMEs in this sector produce a wide range of handcrafted products, including textiles, pottery, jewelry, and home décor items, promoting cultural identity and heritage. 

Food Processing:
MSMEs in this sector transform raw ingredients into packaged foods, beverages, and other consumables, catering to both domestic and international markets. 

Engineering and Fabrication:
Small workshops specialize in custom metal parts, while larger enterprises produce machinery or automotive components. 

Leather Products:
The leather industry highlights Indian craftsmanship, with MSMEs producing everything from footwear to bags, supporting local economies and contributing to export earnings. 

Pharmaceuticals and Chemicals:
MSMEs in this sector manufacture generic medicines and specialized chemicals, contributing to healthcare and various industrial applications. 

 

With emerging technologies and the contribution of Artificial Intelligence, MSMEs are looking to synchronize their ideas with technology to provide tech-enabled solutions. 

 

Here are a few key points outlining how one can build an MSME in India, keeping in mind the current context and potential opportunities:

 

Identifying a Viable Business Idea:
Leverage regional strengths in food processing, textiles, handicrafts, and mineral-based industries.
Tap into government focus areas like manufacturing, renewable energy, agro-processing, healthcare, and technology.
Address existing market gaps and unmet needs.

 

Developing a Robust Business Plan:
Conduct market research, define product/service, operational plan, financial projections, and organizational structure.

 

Securing Funding and Leveraging Government Schemes:
Bootstrap initial operations, explore bank loans and financial institutions, and explore government schemes.
Explore options for equity funding from venture capital and angel investors.

 

Obtaining Necessary Registrations and Licenses:
Udyam Registration, GST Registration, and other sector-specific licenses are required.

 

Building a Strong Team and Developing Skills:
Recruit skilled workforce, invest in training and skill development, and foster a positive work culture.

Focus on Quality and Innovation:
Maintain high standards and embrace innovation.

Marketing Your Products/Services Effectively:
Develop a marketing strategy, use digital platforms, participate in trade fairs and exhibitions.

Focus on Customer Satisfaction:
Provide excellent customer service and gather feedback.

Adapt and Scale Strategically:
Be flexible and adaptable to the evolving business environment.
Plan for scalability as the business grows.

 

 

Source: https://www.ibef.org/