Subhechcha Ganguly 
Dr. Subhransu Sekhar Acharya recently stepped into a pivotal role as the Chairman-cum-Managing Director of the National Small Industries Corporation Limited (NSIC), commencing his tenure on May 2. His ascent to this position follows a distinguished track in MSME financing and development, culminating from his previous role as Chief General Manager at the Small Industries Development Bank of India (SIDBI).
As the Chairman-cum-Managing Director of NSIC, Dr. Subhransu Sekhar Acharya will be responsible for overseeing the overall operations and strategic direction of the organization. He will face the challenge of promoting the growth and development of small industries, ensuring their access to credit and technology, and fostering their competitiveness in the global market. Additionally, he will need to navigate through the ever-changing economic landscape and address the specific needs and challenges faced by MSMEs in order to drive their sustainable growth.
Armed with a robust educational foundation that includes a Ph.D. in Management, an M.Sc. in Science, an MBA, and a certification from the Indian Institute of Banking & Finance, Dr. Acharya brings over three decades of multifaceted experience. His expertise spans a wide array of critical areas including credit, SME rating, risk management, bills financing, new product development, and more.
Notably, Dr. Acharya has consistently championed innovation financing, microfinance, and startup mentorship, aiding budding entrepreneurs in scaling their operations. Dr. Acharya’s multifaceted experience, encompassing various domains such as credit, risk management, and new product development, has greatly enriched his expertise. This diverse skill set allows him to approach challenges from multiple perspectives, enabling him to provide comprehensive solutions that are grounded in both theoretical knowledge and practical insights.
His global perspective is enriched by his time as a British Chevening scholar at the University of Bradford, UK, where he studied Sustainable Development. During his time abroad, he was able to learn a great deal about different cultures, religions, and economies. He was also able to gain insight into the different ways that different countries approach sustainable development, as well as how they interact with each other. This gave him a more holistic view of the world and allowed him to better understand the complexities of global issues. Furthermore, Dr. Acharya was instrumental in the founding of India’s first SME Rating Agency. He also amplified his impact by serving as CEO of India SME Technology Services Ltd, a venture supported by SIDBI and four other commercial banks. His success was like a ripple effect, radiating outward from his initial impact and impacting more and more lives as it spread.
Under his leadership, NSIC is set to intensify its efforts in propelling the growth of the MSME sector. Through comprehensive services such as credit facilitation, participation in exhibitions, and skill development, coupled with innovative platforms like the MSME Global Mart, NSIC remains at the forefront of providing unwavering support to small industries across India. To further its mission, NSIC is working diligently to develop new initiatives, such as providing innovative market linkages that will ultimately benefit the MSME sector. These new initiatives taken by NSIC have the potential to significantly boost the growth and development of the MSME sector. By providing innovative market linkages, NSIC can help small industries access new markets and expand their customer base. This, in turn, can lead to increased revenue, business opportunities, and overall sustainability for MSMEs in India.
Dr. Acharya’s extensive background and visionary outlook position him uniquely to steer NSIC towards new horizons, enhancing the corporation’s pivotal role in the development of India’s MSME landscape. Dr. Acharya’s visionary outlook has the potential to bring fresh perspectives and innovative strategies to NSIC. His experience in both the public and private sectors, as well as his understanding of the importance of SMEs in the Indian economy, make him an excellent candidate to lead NSIC in its mission to provide growth and development to Indian SMEs. His expertise in policy formulation and implementation, as well as his understanding of global trends, further solidify his qualifications for the role.
With his extensive background, he can lead the corporation in exploring new avenues for growth and leveraging emerging technologies to drive the development of India’s MSME landscape even further. His abilities are like a well-oiled machine, each part working in perfect harmony to create an overall effect that is greater than the sum of its parts.
