NSIC Pays Record Dividend

NSIC today presented a dividend cheque of Rs.17.02 crores for the year 2014-15 to Minister for MSME .

Presenting the cheque, CMD, NSIC Ravindra Nath  informed that this is the highest dividend ever paid by NSIC. The Corporation has done an overall business of Rs.20, 004 crore in 2014-15 posting a 15 per cent growth from its previous year. Its Profit before Tax for the year was Rs 149.13 crore, posting an increase of 32 per cent from the previous year. NSIC Pays Record Dividend

Speaking on the occasion, Shri Kalraj Mishra praised NSIC for its record performance for the year 2014-15. The Minister stated that the Ministry of MSME is committed towards enhancing the competitiveness of Indian MSMEs so as to gear them up to take advantage of the clarion call made by the towards “Make in India”.

Speaking on the occasion Shri Ravindra Nath, CMD NSIC, also informed that the Corporation besides its services to MSME sector, has taken up a number of well-designed CSR initiatives spread across the country in the areas like Education, Skill Development, Health care and Medical Assistance for differently abled/ weaker section of the society.

Dr. Anup K. Pujari, Secretary, MSME complimented NSIC on providing integrated support to MSMEs within the country.