Tag: Business

  • Best ERP Software for SMEs in India (2025 Edition)

    Best ERP Software for SMEs in India (2025 Edition)

    ERP

    Best ERP Software for SMEs in India (2025 Edition)

    In today’s fast-evolving business landscape, small and medium-sized enterprises (SMEs) in India are increasingly recognizing the importance of digital tools for growth. One of the most critical tools among them is ERP software – a solution that centralizes operations, automates processes, and offers real-time visibility across departments.

    But with dozens of ERP solutions in the market, choosing the right one can be overwhelming. To make your decision easier, we’ve curated a list of the best ERP software for Indian SMEs in 2025, starting with a powerful homegrown solution: Vision ERP.

    Why SMEs Need ERP Software in 2025

    ERP (Enterprise Resource Planning) software is no longer just for large enterprises. Today’s SMEs need to manage increasing complexity from inventory and compliance to multi-location operations and customer expectations. Here’s how ERP helps:

    • Real-time business insights
    • Automation of repetitive tasks
    • Smarter inventory control
    • Scalable infrastructure for growth
    • Better compliance and audit readiness

    With cloud-based and AI-powered ERP systems becoming more affordable, SMEs now have access to enterprise-level tools at SME-level costs.

    1. Vision ERP by Proteus

    Vision ERP is a robust, AI-powered ERP solution designed specifically for Indian SMEs. Built by Proteus Technologies, this cloud-native software caters to diverse industries like pharmaceuticals, food processing, engineering, FMCG, and textiles.

    Standout Features:

    • AI-driven automation and predictive insights
    • Fast implementation (go live in days)
    • User-friendly, mobile-accessible interface
    • Industry-specific modules for faster onboarding
    • Real-time dashboards and reporting

     

    1. Zoho One (Zoho ERP)

    Zoho One offers a comprehensive suite of cloud applications that functions as an ERP for startups and service-driven SMEs. It’s ideal for teams looking for quick deployment and easy usability.

    Key Benefits:

    • Budget-friendly
    • Cloud-based and mobile-ready
    • Strong CRM, HR, and finance integration

    1. TallyPrime with Cloud Access

    Tally has long been the go-to software for accounting in India. With the advent of Tally on Cloud, it has become a basic ERP alternative for SMEs focusing on inventory and financial management.

    Why Consider It:

    • Easy transition for existing Tally users
    • Ideal for basic finance and stock control
    • Familiar and simple interface

     

    1. SAP Business One

    For SMEs that are scaling rapidly and require robust features, SAP Business One is a powerful ERP platform offering deep functionality and strong global support.

    Strengths:

    • Advanced reporting and analytics
    • Strong integration ecosystem
    • Best suited for manufacturing and distribution businesses

    1. ERPNext

    ERPNext is an open-source ERP developed in India, ideal for companies that prefer flexibility and in-house customization.

    Notable Features:

    • Modular structure with apps for CRM, HR, and Projects
    • Suitable for manufacturing, retail, and education sectors

    Active open-source community for support

    The best ERP solution for your business depends on your industry, budget, and how fast you want to scale. While global tools like SAP and Zoho offer depth and brand recognition, Indian solutions like Vision ERP stand out for their speed of implementation, localized features, and industry-specific flexibility.

    As we move deeper into 2025, SMEs that adopt smart ERP systems will have a clear edge in efficiency, decision-making, and growth readiness.

  • Top tech solutions for Indian SMEs

    Top tech solutions for Indian SMEs

    SME

    Top Technology solutions for Indian SMEs

    Indian SMEs can significantly boost productivity through strategic technology adoption. This involves leveraging software solutions designed to streamline workflows and enhance efficiency. Consider exploring:

    Project management software: Tools like Asana or Trello can help teams collaborate effectively, track progress, and meet deadlines. This improves overall project delivery and reduces delays.

    Cloud computing services: Platforms such as AWS, Google Cloud, or Microsoft Azure offer scalable and cost-effective solutions for data storage, application hosting, and business continuity. This frees up valuable resources and reduces IT infrastructure costs.

    AI-powered automation tools: Automating repetitive tasks through robotic process automation (RPA) software can free up employee time for more strategic activities. This leads to increased output and reduced operational costs. Consider exploring tools that offer AI-driven insights for improved decision-making.

    Investing in these technologies represents a significant step towards digital transformation for your SME. The benefits extend beyond increased productivity, impacting areas like customer service and employee satisfaction. Remember to carefully consider your specific business needs when choosing the right technology.

    Effective cybersecurity measures are crucial alongside technology adoption. Protecting your business data and systems from threats is vital to maintain productivity and avoid costly disruptions. This includes implementing strong passwords, using firewalls, and regularly updating software.

    Streamlining Operations for Growth

    Streamlining operations is key for Indian SMEs aiming for growth. Effective technology can significantly improve various aspects of your business. Consider implementing:

    Enterprise Resource Planning (ERP) software: Solutions like Vision, Odoo or SAP Business One integrate various business functions – from finance and HR to inventory management and customer relationship management (CRM). This provides a centralised system for better control and data visibility.

    Customer Relationship Management (CRM) software: Tools such as Salesforce, Vision CRM or Zoho CRM help manage customer interactions, track sales leads, and improve customer service. This fosters stronger customer relationships, leading to increased loyalty and sales.

    Supply Chain Management (SCM) software: Optimising your supply chain through dedicated software improves efficiency in procurement, logistics, and inventory management. This reduces costs and ensures timely delivery of goods and services. Many SCM solutions offer integration with ERP systems for a holistic approach.

    Business Intelligence (BI) tools: Data analysis through BI tools provides valuable insights into business performance. This allows SMEs to make informed decisions based on concrete data, rather than relying solely on intuition. Many cloud-based BI solutions are available to SMEs in India.

    Adopting these technologies contributes significantly to digital transformation. Remember that effective cybersecurity practices remain crucial throughout this process. Investing wisely in technology solutions tailored to your SME’s specific needs will lay the groundwork for sustainable growth.

    Securing Your Business in the Digital Age

    In today’s digital landscape, robust cybersecurity is non-negotiable for Indian SMEs. Protecting your business from cyber threats requires a multi-layered approach. This includes implementing strong password policies and regularly updating all software and hardware. Investing in a firewall is also crucial, acting as the first line of defence against external attacks.

    Consider utilising a reputable antivirus and anti-malware software solution. Regular scans and updates are essential to detect and remove any malicious software. For enhanced protection, explore intrusion detection and prevention systems (IDPS) which monitor network traffic for suspicious activity and can block potential threats.

    Data backups are paramount. Regularly backing up your data to a secure offsite location, such as cloud storage, protects against data loss due to hardware failure, ransomware attacks, or natural disasters. Cloud-based solutions often offer data encryption for an added layer of security.

    Employee training is another vital aspect of cybersecurity. Educate your staff on best practices such as identifying phishing emails, creating strong passwords, and avoiding suspicious links. Regular cybersecurity awareness training can significantly reduce the risk of human error, a common entry point for cyberattacks. Investing in robust cybersecurity measures isn’t just about protecting data; it’s about safeguarding the future of your SME in India.

  • SBI Projects Robust Loan Growth for FY25, Driven by SME and Corporate Lending, Expanded Deposits, and Strategic Network Expansion

    SBI Projects Robust Loan Growth for FY25, Driven by SME and Corporate Lending, Expanded Deposits, and Strategic Network Expansion

    SBI

    SBI Projects Robust Loan Growth for FY25, Driven by SME and Corporate Lending, Expanded Deposits, and Strategic Network Expansion

    The State Bank of India (SBI) is set to achieve above-average loan growth of 14-16% year-on-year (Y-o-Y) for FY25, significantly higher than the banking industry’s projected 13% growth. This surge will be largely fueled by the SME, agriculture, and corporate sectors, where SBI has a robust corporate credit pipeline estimated to grow from Rs 4 trillion to Rs 6 trillion.

    In addition, SBI’s Xpress Credit, a real-time personal loan system for salaried customers, has regained momentum with high turnover rates and an average loan tenure of 14 months, further supporting growth. Complementing the credit push, SBI is focusing on deposit mobilization to sustain lending capacity, expecting deposit growth to surpass 10% Y-o-Y through expanded customer outreach and branch networks.

    Recent reports by Nuvama Institutional Equities and Motilal Oswal indicate that SBI’s strategy will be bolstered by re-engaging business accounts, reducing reliance on government accounts, and prioritizing current accounts (CA) and savings accounts (SA). The bank recently reported a strong 28% Y-o-Y increase in Q2 net profit, primarily driven by non-interest income gains, though NIMs dipped 8 basis points due to rising funding costs. To stabilize margins, SBI plans to adjust MCLR loan rates, which represent 42% of its lending, cushioning NIMs at 3.3% moving forward.

    This loan growth strategy positions SBI as a leader in SME and corporate financing while expanding its branch network to attract a broader customer base.

  • Rising Incomes and Digital Adoption Drive Growth in Rural India’s FMCG Market

    Rising Incomes and Digital Adoption Drive Growth in Rural India’s FMCG Market

    FMCG

    Rising Incomes and Digital Adoption Drive Growth in Rural India’s FMCG Market

    Rural India’s FMCG market is experiencing a transformative shift, with the average basket size growing by 60% over the last two years, as noted by a recent Group M and Kantar report. This increase from 5.88 in 2022 to 9.3 in 2024 is largely attributed to rising incomes and the popularity of convenience products like ready-to-eat foods and beverages. The Rural Barometer report emphasizes the significance of diverse income sources, as 81% of rural consumers have multiple revenue streams, contributing to greater financial stability and larger FMCG baskets. In contrast, those relying solely on agricultural income—19% of the population—face higher financial stress, with 82% expressing concern about their financial situation.

    Geographically, states like Jammu & Kashmir, Maharashtra, and Odisha have seen moderate growth in basket sizes despite fewer financial challenges. Media consumption habits in rural areas are also shifting, with 47% of the population now using a hybrid model that combines traditional and digital media. The trend is particularly noticeable in areas with stronger digital infrastructure, though states like Bihar and Jharkhand remain less connected.

    Ajay Mehta, Managing Director of GroupM OOH Solutions in India, highlights rural India as a “digital frontier ripe with opportunities,” as online engagement grows in areas like payments, e-commerce, gaming, and lifestyle content. The report reveals that 42% of rural internet users engage in digital payments, and 23% in e-commerce, showcasing rising digital and financial inclusion.

    To leverage this momentum, brands are encouraged to use hybrid media strategies that combine traditional outreach with digital channels, meeting rural consumers where they are. The growing interest in lifestyle content reflects changing aspirations and presents an ideal opportunity for brands to connect with rural India’s evolving preferences.

  • Festive Season Boosts Indian Auto Sector with Strong Growth in Two-Wheelers and Mopeds, Signs of Recovery in Passenger Vehicles

    Festive Season Boosts Indian Auto Sector with Strong Growth in Two-Wheelers and Mopeds, Signs of Recovery in Passenger Vehicles

    indian auto sector

    Festive Season Boosts Indian Auto Sector with Strong Growth in Two-Wheelers and Mopeds, Signs of Recovery in Passenger Vehicles

    The festive season in India has provided a significant boost to the auto sector, with various segments showing promising growth in sales during the second week of the festive period (October 10-October 16). According to a report by BNP Paribas India, two-wheelers (2Ws) registered mid-single-digit growth compared to the same period last year, while mopeds experienced a notable double-digit increase. Although passenger vehicle (PV) sales declined, the drop was smaller compared to previous weeks, indicating signs of recovery.

    Three-wheeler (3W) registrations saw a minor decline in low single digits, while tractor sales fell by mid-double digits. However, the week-over-week improvement in sales across various segments was better than historical averages, suggesting a strong recovery trend. If the current momentum continues, year-on-year (YoY) growth during this year’s festive season is expected to reach 13% for 2Ws, 19% for mopeds, 6% for PVs, 15% for 3Ws, and a decline of 6% for tractors.

    The report also highlighted a moderation in e-commerce sales growth, which rose by mid-single digits in the second week, down from the 49% growth seen in the first week. This suggests that urban markets may be stabilizing after the initial surge in online festive shopping.

    In the broader context of FY25, two-wheelers experienced strong double-digit growth in the second quarter, and three-wheelers grew by high single digits. However, the original equipment manufacturers (OEMs) reported mixed results in terms of revenue and margins for the July-September period, with two-wheelers outperforming other segments. In September 2023, domestic PV sales were slightly down compared to the same month last year, standing at 3,15,689 units, according to SIAM data.

    Overall, the festive season is proving to be a key driver for the Indian auto sector, particularly for two-wheelers and mopeds, as demand continues to recover.

  • India’s tea exports up over 23% in January-July period

    India’s tea exports up over 23% in January-July period

    tea plantation

    India’s tea exports up over 23% in January-July period

    India’s tea exports saw significant growth in the January-July 2024 period, with a 23.79% increase year-on-year. The Tea Board of India reported that the country exported 144.50 million kilograms of tea, up from 116.73 million kilograms during the same period in 2023. This 27.77 million kg rise reflects positive momentum in the export market, even though the average price per kilogram slightly declined to Rs 256.37, compared to Rs 264.96 in the previous year.

    The Indian government’s Commerce Ministry has approved a Rs 664.09 crore scheme for the development and promotion of the tea industry. The funds, allocated for the 2023-2026 period, will focus on plantation development, quality improvement, market support, technical research, and welfare measures under the Tea Development and Promotion Scheme.

    Despite this export success, India’s tea industry faces ongoing challenges, including sluggish domestic consumption growth, rising food inflation, and the impact of the COVID-19 pandemic on exports. As the second-largest tea producer globally, with an output of about 1,350 million kilograms annually, India remains a leading black tea producer, meeting both domestic needs and export demands. The country is the fourth-largest tea exporter, consuming about 18% of the world’s tea production.

  • Recordent Launches Zoho Books Connector to Streamline AR Management for SMEs

    Recordent Launches Zoho Books Connector to Streamline AR Management for SMEs

    AR Automation

    Recordent Launches Zoho Books Connector to Streamline AR Management for SMEs

    Recordent, a leading accounts receivable (AR) automation platform in India, has launched a Zoho Books Connector, aimed at enhancing AR management for small and medium enterprises (SMEs). This integration allows businesses using Zoho Books, a popular accounting ERP platform, to benefit from Recordent’s advanced AR tools, improving cash flow management and collections processes.

    Building on the success of its Tally plug-in, the Zoho Books Connector enables real-time data synchronization of invoices, payments, and customer details, minimizing manual errors and providing automated payment reminders. The integration also supports better credit risk management, helping businesses assess customer creditworthiness and take proactive steps, such as issuing legal notices for delayed payments.

    This integration aligns with Recordent’s mission to equip SMEs with innovative financial tools, fostering resilience and enabling sustainable growth in a competitive environment. Through this connector, SMEs can streamline their financial workflows, improve collection efficiency, and gain comprehensive visibility over their receivables, ensuring stronger financial health and operational success.

  • WordPress vs. WP Engine: A Legal Battle Threatening the Future of Open-Source Web Development

    WordPress vs. WP Engine: A Legal Battle Threatening the Future of Open-Source Web Development

    Wordpress

    WordPress vs. WP Engine: A Legal Battle Threatening the Future of Open-Source Web Development

    The escalating feud between WordPress and WP Engine has raised concerns about the future of WordPress as an open-source platform. WordPress, which powers over 40% of websites globally, is at a crossroads due to a legal battle between Matt Mullenweg, the founder of WordPress and CEO of Automattic, and WP Engine, a popular web hosting service specifically designed for WordPress websites.

    Key Issues:
    Banning WP Engine: WordPress has blocked WP Engine from accessing its plug-ins, themes, and features, which has disrupted over 1.5 million websites. This conflict could lead to further disruptions, as WP Engine accounts for a large share of WordPress users.
    Trademark Disputes: Mullenweg has accused WP Engine of misleading customers by using “WP” in its branding, causing confusion with WordPress. WordPress Foundation, which owns the WordPress trademark, has filed additional trademarks, including “Managed WordPress” and “Hosted WordPress,” which could affect third-party hosting providers using the name.
    Allegations of Misconduct: Mullenweg has criticized WP Engine for disabling key WordPress features like revisions to save storage costs, which he argues compromises WordPress’s core principle of data protection. WP Engine, on the other hand, has accused Automattic of overreaching and violating the open-source principles of WordPress.
    Impact on the Internet:
    Developer Concerns: Many developers are worried about relying on third-party services that may be cut off from WordPress.org resources. This could fragment the ecosystem, especially with Automattic’s control over both the commercial and open-source aspects of WordPress.
    Risk to Open Source: The conflict highlights governance issues within WordPress, especially regarding the boundaries between the non-profit WordPress Foundation and the for-profit Automattic. WP Engine has sued WordPress, claiming Mullenweg’s actions threaten the trust and openness of the platform.
    Broader Hosting Market: Other web hosting providers that offer WordPress-based services are now concerned about their ability to use the WordPress brand. If restrictions tighten, this could lead to fewer hosting options for WordPress users, hurting the platform’s decentralized nature.
    Future Outlook:
    The outcome of this feud will have long-lasting consequences for the WordPress ecosystem. If unresolved, it could destabilize the platform, fragment the developer community, and push users toward alternative website-building platforms. With over 40% of websites depending on WordPress, any instability in the platform’s governance could impact the broader internet ecosystem.

  • Subam Papers Debuts on BSE SME with 6.6% Discount Amid Ongoing Expansion and Sustainability Focus

    Subam Papers Debuts on BSE SME with 6.6% Discount Amid Ongoing Expansion and Sustainability Focus

    BSE

    Subam Papers Debuts on BSE SME with 6.6% Discount Amid Ongoing Expansion and Sustainability Focus

    Subam Papers made its stock market debut on the BSE SME platform with a 6.6% discount, listing at ₹142 compared to the issue price of ₹152. This debut comes as the company continues its expansion in the manufacturing of Kraft Paper and Duplex Board. The initial stock performance indicates market caution, despite the company’s positive growth trajectory.

    Subam Papers, founded in 2004, started with paper cones and later expanded to Kraft paper and Duplex board production. Notably, the company emphasizes sustainability, using wastepaper as the primary raw material, avoiding wood pulp, and operating on renewable energy sources like wind and solar power. With two windmills totaling 1.7 MW and a 14 MW solar plant, Subam Papers significantly reduces its environmental footprint, aligning its operations with eco-friendly practices.

    In FY 2023-24, Subam Papers had an installed capacity of 300 metric tons per day (MTPD) for Kraft paper and 140 MTPD for Duplex board, reaching 93,081 tons and 43,963 tons in utilization, respectively. The company is currently expanding its capacity and aims to exceed 1,000 MTPD by Q4 FY 2024-25.

    For the fiscal year ending March 2024, Subam Papers reported total revenues of ₹497 crore and a net profit of ₹33.44 crore. The funds raised from the public offering will be directed toward investment in its subsidiary, financing capital expenditures, and covering general corporate purposes.

  • Samsung Electronics Workers’ Strike Enters Fourth Week, Posing Challenge to India’s Manufacturing Hub Ambitions

    Samsung Electronics Workers’ Strike Enters Fourth Week, Posing Challenge to India’s Manufacturing Hub Ambitions

    Samsung

    Samsung Electronics Workers’ Strike Enters Fourth Week, Posing Challenge to India’s Manufacturing Hub Ambitions

    India’s efforts to position itself as a major manufacturing hub, an alternative to China, are facing a significant setback as over 1,000 workers at Samsung Electronics’ home appliances plant in Tamil Nadu continue their strike, now entering its fourth week. The workers have been protesting since September 9, demanding higher wages, union recognition, and adherence to an eight-hour workday. The factory, located in Chennai, accounts for nearly 20% of Samsung’s annual revenue in India, which stood at $12 billion for 2022-23.

    On October 3, local police detained 912 workers and union members during a street protest. They were released later, but the authorities have filed cases against them under eight different sections. The strike is primarily led by the Centre of Indian Trade Unions (CITU), with its state president, Soundarrajan, criticizing the Tamil Nadu government for failing to support the workers despite pre-election promises.

    Samsung, in a statement, emphasized that the average salary of full-time workers at the plant is nearly double that of similar workers in the region. It also indicated a willingness to engage in discussions to resolve the dispute. However, the company has labeled the strike illegal and taken legal action against CITU members, warning workers that they risk losing their jobs if they continue the protest.

    Workers’ Demands and Union Recognition
    The striking workers, who earn an average of Rs 25,000 ($300) per month, are demanding a wage increase to Rs 36,000 over the next three years. Central to their demands is the recognition of the newly formed Samsung India Labour Welfare Union (SILWU), which workers believe is essential for negotiating better wages and working conditions.

    CITU has joined the protests in solidarity, with union leaders voicing frustration over delays in recognizing SILWU. Police actions, including the detention of 120 employees and a CITU district secretary on September 16, have further escalated tensions. There are concerns that protests could expand across the state if demands are not met.

    Impact on Tamil Nadu’s Investment Drive
    The unrest at Samsung’s Chennai plant could undermine Tamil Nadu’s image as a preferred investment destination. The state has been working to attract high-profile investments, with recent developments such as Ford Motor’s plan to re-enter the Indian market by repurposing its Chennai plant for exports. Additionally, Tata Motors recently held a groundbreaking ceremony for a new manufacturing facility in Ranipet, set to produce next-generation vehicles for both Tata and Jaguar Land Rover (JLR). Tata Motors plans to invest Rs 9,000 crore in this facility, which is expected to have an annual production capacity of over 250,000 vehicles.

    However, disruptions at other key facilities, like Tata Electronics’ plant in Hosur, where a fire has temporarily halted production, further highlight the challenges facing Tamil Nadu’s industrial ambitions.

    Potential Long-term Consequences
    The ongoing strike at Samsung’s Chennai plant underscores broader concerns about labor relations and industrial unrest in India, especially at a time when the country is trying to establish itself as a global manufacturing hub. If the dispute continues, it could not only affect Samsung’s operations but also deter potential investors who are considering Tamil Nadu as a destination for setting up manufacturing units.

    The outcome of the strike will likely have broader implications for India’s manufacturing landscape, particularly as the government seeks to attract foreign investment and strengthen its position as a global production powerhouse.

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