NRI plans to invest 100 crore in Indian SME
Mumbai – UAE-based NRI entrepreneur Hari Gupta has announced a substantial investment of ₹100 crore in Indian Small and Medium Enterprises (SMEs). This move is part of a broader strategy to not only infuse capital into these businesses but also to enhance their market reach on a global scale.
Hari Gupta, the president and promoter of SkyHigh, a company he founded, brings with him over three decades of international business experience. Gupta’s journey is nothing short of inspirational—starting his business with a modest $250 loan, he has successfully grown his ventures across multiple countries. Notably, in 2010, he produced a reality TV show, “My First Million,” which aired on Zee International TV, showcasing his entrepreneurial spirit.
SkyHigh, under Gupta’s leadership, has been instrumental in transforming several unknown brands into top contenders in both India and various international markets. The company is now set to extend its expertise to Indian SMEs through a SEBI-approved Alternative Investment Fund (AIF), designed to invest in SME Initial Public Offerings (IPOs) as an Anchor or Qualified Institutional Buyer (QIB) investor.
Speaking on the initiative, Gupta stated, “We aim to provide not just financial support to SME promoters but also to help them expand their markets abroad. Our extensive network in the UAE, Singapore, Sri Lanka, Nepal, CIS, and other countries will be a significant asset in this endeavor.”
In addition to funding, SkyHigh plans to offer innovative marketing solutions to SMEs. These services include extensive media coverage, branding across print and online platforms, and strategic placements in newspapers, magazines, billboards, and even endorsements by celebrities—all at no upfront cost to the SMEs.
SkyHigh officials recently attended the Mumbai Money Expo exhibition, where they engaged with numerous prospective SMEs and merchant bankers to explore future collaborations. Financial experts believe this initiative presents a golden opportunity for Indian SMEs to leverage SkyHigh’s expertise, potentially boosting their global footprint. Moreover, this move aligns with the Indian government’s “Make in India” program, further supporting the nation’s economic growth.
As SkyHigh continues its mission to empower Indian SMEs, this investment marks a significant step towards fostering innovation and expanding Indian brands globally.