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64% OF MSMEs RESUME POST-PANDEMIC; 54% REPORT 10% YOY GROWTH: SAYS THE THIRD EDITION OF MSME SAMPARK REPORT BY UGRO CAPITAL AND DUN & BRADSTREET

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In-depth analysis of 45,000+ MSMEs, highlighting credit access, formalization, and digitalization for growth.

MUMBAI, India, April 11, 2025 /PRNewswire/ — UGRO Capital Ltd., a leading DataTech NBFC focused on MSME lending, has released the 3rd MSME Sampark Report – a semi-annual report that is prepared in partnership with Dun & Bradstreet. The 3rd edition highlights that 64% of MSMEs have resumed activity post-pandemic, with around 54% reporting a growth of over 10% Year-on-Year (YoY), underlining the sector’s strong momentum. However, growth in investments in Udyam-registered MSMEs has slowed from 61% in FY22 to 22% in FY23 and 23% in FY24. Large and medium businesses anticipate slower domestic growth in Q1 2025, while small firms remain optimistic. It is noteworthy that while capital costs are expected to remain high in Q1 2025, revised MSME classification criteria could drive further investment and expansion.

 

Mr. Shachindra Nath, Founder & Managing Director – UGRO Capital, said “MSME Sampark has gone beyond just a report and is slowly becoming a movement that brings together industry leaders, policymakers and financial institutions to collaboratively shape the future of MSME financing. With the 3rd edition of MSME Sampark, we aim to elevate the discourse further by exploring the next phase of MSME credit delivery in India. Our analysis reveals a nuanced picture. We see moderation in total loan disbursement in recent quarters, a trend reflecting more conservative lending practices across the industry. While this could be attributed to stricter risk assessments, it also presents an opportunity for NBFCs to play a more strategic role in bridging the credit gap. The increasing formalisation of MSMEs, as evidenced by lower cash percentages and improved debt-to-turnover ratios, especially among mature and larger businesses, is an encouraging sign.

MSME Sampark’s 3rd edition reaffirms our commitment to empower India’s MSMEs with the right financial solutions, insights, and policy advocacy that drive their sustained growth.”

Dr. Arun Singh, Global Chief Economist – Dun & Bradstreet, said “Dun & Bradstreet’s sector risk ratings indicate improvements in the risk profile of MSMEs in 2024 from 2023, despite global and domestic economic uncertainties. Improvements in the MSMEs’ credit profile were also indicated through a decline in the gross non-performing assets (GNPAs) postpandemic. The overall GNPAs touched a 12-year low in September 2024, with GNPA of large borrowers at 2.4% and of MSMEs at 2.2%, respectively, compared to 12.8% and 11% during early 2020. However, businesses have scaled back their optimism for capital expenditure as their outlook on managing financial risks has deteriorated, reflecting heightened uncertainty faced by them.”

Key Findings:

The 3rd edition highlights that 64% of MSMEs have resumed activity post-pandemic, with around 54% reporting a growth of over 10% Year-on-Year (YoY), underlining the sector’s strong momentum.Global supplier risks are rising as businesses prioritise localised supply chains. Sales and export optimism is declining due to economic uncertainty and trade policies.India has maintained over 7% annual average growth over the past 15 years, excluding the pandemic, and is projected to grow at 6.6% in FY26.Growth in investments by Udyam-registered MSMEs has slowed from 61% in FY22 to 22% in FY23 and 23% in FY24. However, revised MSME classification criteria could drive further investment and expansion.Large and medium businesses anticipate slower domestic growth in Q1 2025, while small firms remain optimistic.Export sentiment among small and medium businesses has weakened amid geopolitical and trade protectionist concerns.Capital costs are expected to remain high in Q1 2025, influencing investment decisions. Medium-sized firms have scaled back optimism on capital expenditure, while small businesses show slight improvement.Credit growth has declined for micro and small businesses (15.5% in May 2024 to 10.1% in Nov 2024), remained stable for large businesses, and surged for medium-sized firms (12.6% in June 2024 to 20.0% in Nov 2024).

Findings from analysis of 45,000+ MSMEs during 2021-2024 across 7 sectors

Debt & Credit Trends in MSMEs: Loan disbursements have moderated in 2024, but the rise in working capital loans highlights a growing reliance on short-term financing. This shift reflects the challenges businesses face in long-term planning amid economic uncertainty. Among the 45,000+ MSMEs analysed, the light engineering, electrical equipment, food processing, and chemical sectors emerged as the largest borrowers in the first three quarters of 2024. Interestingly, over the past six months, B2C businesses have taken on less new debt than B2B businesses, except in the auto components and hospitality sectors.

Growing Formalisation in MSMEs: The study finds a clear trend toward formalisation, as businesses report lower cash holdings and declining debt-to-turnover ratios. This shift suggests improved financial management, optimised cash flows, and reduced dependence on external financing. The effect is even more pronounced in mature and larger businesses (₹20 crore+), signalling a steady move toward greater financial transparency and stability.

Micro Businesses & Credit Access: Among 15,000+ micro businesses studied, loan inquiries continue to rise despite lower disbursements, pointing to a persistent demand-supply gap in credit availability. While businesses actively seek funding, lenders remain cautious. A notable trend in 2024 is the increased preference for asset-backed financing, such as loans against gold jewellery, over cash flow-based lending — a sign that lenders favour secured credit amid economic uncertainties.

The semi-annual report, prepared in partnership with Dun & Bradstreet, a leading global provider of business decisioning data and analytics, offers a comprehensive analysis of India’s MSME sector that reveals key trends and opportunities for the sector’s future. It is based on an in-depth analysis of over 45,000 MSMEs across seven key sectors. It offers a nuanced understanding of the MSME landscape, stressing the importance of credit access, formalisation, and digitalisation in ensuring sustained growth.

The report can be downloaded for free from the websites of Dun & Bradstreet India (http://www.dnb.co.in/) and UGRO Capital (http://www.ugrocapital.com/).

About UGRO Capital Ltd (NSE: UGROCAP I BSE: 511742)

UGRO Capital Limited is a DataTech Lending platform, listed on NSE and BSE, pursuing its mission of “Solving the Unsolved” for the small business credit gap in India, on the back of its formidable distribution reach and its DataTech approach. It aims to service every need of every MSME as it believes that #MSMEAchhaHai.

The Company’s prowess in Data Analytics and strong Technology architecture allows for customized sourcing platforms for each sourcing channel – GRO Plus module, which has uberized intermediated sourcing; GRO Chain, a supply chain financing platform with automated end-to-end approval and flow of invoices; GRO Xstream platform for co-lending, an upstream and downstream integration with fintechs and liability providers; and GRO X application, to deliver embedded financing option to MSMEs.

The company’s patented proprietary underwriting model, GRO Score (3.0), is a statistical framework using AI / ML driven statistical models to risk-rank customers and it is revolutionizing MSME credit by providing on-tap financing like consumer financing in India by assessing a borrower’s creditworthiness based on a data tripod – banking, bureau and GST records. UGRO is also a pioneer in the Co-lending model in India, which is prevalent in the West.

The Company is backed by marquee institutional investors (raised INR 900+ Cr of equity capital in 2018, INR 340 Cr in 2023 and INR 1265 Cr in 2024) and aims to capture 1% market share over the next three years. For more information, please visit: http://www.ugrocapital.com/.

Looking ahead, U GRO Capital remains steadfast in its dedication to leverage technology, data-driven insights, and

industry expertise to provide innovative ­financial solutions that meet the evolving needs of MSMEs.For more information, please visit: http://www.ugrocapital.com/

About Dun & Bradstreet India

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.com.

Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them take faster and more accurate decisions across finance, risk, compliance, information technology and marketing. Working towards Government of India’s vision of creating an Atmanirbhar Bharat (Self-Reliant India) by supporting the Make in India initiative, Dun & Bradstreet India has a special focus on helping entrepreneurs enhance their visibility, increase their credibility, expand access to global markets, and identify potential customers & suppliers, while managing risk and opportunity.

India is also the home to Dun & Bradstreet Technology & Corporate Services LLP, which is the Global Capabilities Center (GCC) of Dun & Bradstreet supporting global technology delivery using cutting-edge technology. Located at Hyderabad, the GCC has a highly skilled workforce of over 500 employees, and focuses on enhanced productivity, economies of scale, consistent delivery processes and lower operating expenses.

Visit www.dnb.co.in for more information. Click here for all Dun & Bradstreet India press releases.

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TCL CSOT Showcases Industry-First IJP OLED Family Bucket Across All Form Factors at SID Display Week 2025

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SAN JOSE, Calif., May 18, 2025 /PRNewswire/ — TCL CSOT, a global leader in advanced display technologies, made a commanding appearance at SID Display Week 2025, the premier global summit for the display industry. Reinforcing its leadership in Inkjet Printing OLED (IJP OLED), TCL CSOT unveiled the latest innovations from its APEX platform – highlighted by a comprehensive IJP OLED family bucket. This full-category lineup demonstrates the company’s unmatched capabilities in scaling IJP OLED across all mainstream form factors and advancing both its industrialization and ecosystem development.

World’s First IJP OLED Mobile Display (6.5″)

At the forefront of mobile innovation, TCL CSOT debuted a 6.5-inch IJP OLED smartphone panel, marking a significant milestone in the IJP OLED space. Dubbed the “True Color Screen,” it features a Real RGB pixel structure with a resolution of 824×1833, delivering 326 PPI – equivalent to 460 PPI in Pentile. With 99% DCI-P3 color coverage, a native contrast ratio of 1,000,000:1, and a lightning-fast 0.1ms response time, the display offers brilliant image fidelity and performance. Additionally utilizing a 3μm printing precision, the panel incorporates a 460nm low blue light eye-care display feature.

4K 120Hz IJP OLED Monitor Display (27″)

Featuring advanced IJP OLED technology, TCL CSOT’s 27-inch monitor delivers stunning 4K ultra-HD visuals with precise, vivid colors thanks to its stripe RGB pixel arrangement and wide color gamut. A 120Hz refresh rate ensures smooth motion, while the 3-sided bezel-less design offers an expansive, immersive experience for both professional work and entertainment.

World’s First IJP OLED Pad Display (14″)

Expanding into productivity and creativity segments, TCL CSOT unveiled the “Lingyun Display,” a 14-inch tablet panel representing a breakthrough in portable OLED. With a resolution of 1920×1200 and 99% DCI P3 RGB color gamut, it is engineered for professional-grade visuals. Inkjet printing technology allows for a 30% boost in pixel density through micron-level deposition. An anti-glare surface, ultra-thin 0.2mm cover glass, and stylus-ready interaction round out the premium feature set. With an RGB stripe layout and advanced algorithms, the panel achieves minimal aliasing and rich grayscale accuracy calibrated to Gamma 2.2.

World’s First Oxide IJP OLED Notebook Display (14″)

In the notebook category, TCL CSOT showcased the first-ever 14-inch oxide IJP OLED notebook panel. This innovation merges oxide TFT backplane advantages – such as lower power consumption and faster response – with the visual brilliance of OLED. Offering a 2.8K high-resolution canvas and a contrast ratio over 1,000,000:1, the display enables precise color output and power-efficient operation. The inkjet manufacturing process further enhances material efficiency and supports scalable, eco-conscious production, setting a new standard for next-gen mobile computing displays.

From 6.5″ to 65″: The Industry’s First Full IJP OLED Family Bucket

With a full-spectrum portfolio that includes smartphones, tablets, laptops, rollable displays, and TVs, TCL CSOT has become the first manufacturer to commercialize a complete family bucket of IJP OLED products. As a pioneer in mass production and a consistent driver of technological breakthroughs, TCL CSOT continues to lead the global push toward scalable, sustainable, and high-performance printed OLED innovation.

About TCL CSOT

Established in 2009, TCL China Star Optoelectronics Technology Co., Ltd. (TCL CSOT) is a leading global innovator in display technologies. Its LCD, OLED, and MLED solutions power applications across TVs, smartphones, tablets, laptops, monitors, automotive systems, VR/XR, and commercial displays. With continuous investment in R&D and a strong global supply ecosystem, TCL CSOT is committed to shaping the future of display technology with intelligent, energy-efficient, and user-centric innovations. As part of TCL’s Worldwide Olympic Partnership, TCL CSOT is proud to deliver display solutions that elevate experiences on the global stage.

 

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SOURCE TCL China Star Optoelectronics Technology

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TCL CSOT Unveils APEX Platform Innovations to Elevate Display Experiences at SID Display Week 2025

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SAN JOSE, Calif., May 19, 2025 /PRNewswire/ — TCL CSOT, a global leader in advanced display technologies, made a commanding appearance at SID Display Week 2025, the premier global summit for the display industry. Reinforcing the strength of its APEX high-end innovation platform – built on four pillars: Amazing – Pleasant Display Experience, Protective – Reliable Vision Health, Eco-friendly – Sustainable Green and Low-carbon, X – Unlimited Future Imagination – the company unveiled a comprehensive portfolio of next-generation displays that redefine user experience, sustainability, and form factor possibilities across scenarios.

Amazing Display Experience: Elevating Visual Immersion

TCL CSOT presented a series of groundbreaking displays designed to deliver outstanding visual clarity, color precision, and immersive form factors – advancing the frontier of what users can see and feel:

World’s Highest Image Quality LCD TV Display (98″)
This 98-inch large-screen LCD TV achieves cinema-grade picture quality by combining an ultra-wide 178° viewing angle with an ultra-low reflectance rate of just 0.8%. Powered by a proprietary RGB Mini-LED backlight system, it delivers a 95% coverage of the BT.2020 color gamut, delivering stunning color depth for a premium home theater experience.

World’s First Mass Production CUP OLED Notebook Display (14″)
This 14-inch OLED panel features an industry-leading 98% screen-to-body ratio made possible through TCL CSOT’s proprietary Camera Under Panel (CUP) technology. With a 4K resolution (3840×2400), 120Hz refresh rate, and full-spectrum color gamut coverage (100% DCI-P3, and Adobe RGB), it delivers professional-grade visual performance.

World’s First Ultra-Wide Color Gamut OLED Mobile Display (6.36″)
With advanced OLED structural design and optimized materials, this is the world’s first FMM OLED mobile display that achieves 95% BT.2020 ultra-wide color gamut coverage (CIE 1931), ensuring exceptional visual excellence for next-generation smartphones.

Protective Vision Health: Designed for Visual Wellbeing

Prioritizing eye-care, TCL CSOT introduced innovations for healthier visual experiences:

World’s First Natural-Spectrum Slim Pad Display (12.1″)
This industry-first LCD tablet display replicates the full visible spectrum of natural sunlight with a 50% natural light ratio – more than double that of conventional displays. The display helps provide a more comfortable viewing experience for extended screen use.

Eco-Friendly Innovation: Driving Sustainable Display Performance

TCL CSOT showcased its continued leadership in energy-efficient design, bringing forward low-power display technologies that balance high performance with environmental responsibility:

World’s First Lowest Power Consumption PLP OLED Mobile Display (6.96″)
This mobile OLED screen achieves a 45% reduction in EL power consumption through advanced panel design and a next-generation high-transmittance color filter. With full BT.2020 color gamut coverage (up to 92%) and seamless IR sensor integration, it ensures high display fidelity while extending device battery life.

World’s Lowest Power LTPO Notebook Display (14.5″)
This LTPO panel transitions seamlessly from 0.3Hz to 120Hz depending on user activity. In static content scenarios, it enables a deep sleep state with power usage as low as 240mW, effectively doubling battery life.

Unlimited Future Imagination: Redefining the Possibilities of Display

Expanding the potential of visual technology beyond conventional formats, TCL CSOT continues to pioneer new paradigms in intelligent design, modularity, and spatial integration:

World’s Narrowest Splicing Dual-Curved Display (23.6″)
Designed for next-generation automotive cockpits, the dual 23.6-inch Mini-LED curved displays offer a seamless 1.0mm panel-to-panel gap, with integrated local dimming zones (9589*2). A hidden wood-grain visual layer blends harmoniously with vehicle interiors, balancing functionality and aesthetics with an ultra-wide color gamut for an immersive driving interface.

APEX Innovation Platform: Enabling the Next Leap in Intelligent Display Experiences

TCL CSOT’s full-spectrum showcase at SID 2025 illustrates how the APEX innovation platform is redefining what’s possible across every dimension of display: stunning visual quality, trusted vision protection, low-carbon energy performance, and future-facing form innovation. APEX continues to serve as the company’s blueprint for next-generation breakthroughs, enabling smarter, more sustainable, and more human-centric display solutions.

About TCL CSOT
Established in 2009, TCL China Star Optoelectronics Technology Co., Ltd. (TCL CSOT) is a leading global innovator in display technologies. Its LCD, OLED, and MLED solutions power applications across TVs, smartphones, tablets, laptops, monitors, automotive systems, VR/XR, and commercial displays. With continuous investment in R&D and a strong global supply ecosystem, TCL CSOT is committed to shaping the future of display technology with intelligent, energy-efficient, and user-centric innovations. As part of TCL’s Worldwide Olympic Partnership, TCL CSOT is proud to deliver display solutions that elevate experiences on the global stage.

 

SOURCE TCL China Star Optoelectronics Technology

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MiTAC Computing Showcases Strategic AI and Cloud Infrastructure Partnership with AMD at COMPUTEX 2025

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TAIPEI, May 19, 2025 /PRNewswire/ — MiTAC Computing Technology Corporation, a leading server platform designer and manufacturer and a subsidiary of MiTAC Holdings Corporation (TSE:3706), will spotlight its long-term collaboration with AMD at COMPUTEX 2025 (Booth M1110). The two companies will jointly present a broad portfolio of next-generation server platforms powered by AMD EPYC™ processors and AMD Instinct™ GPUs, highlighting their shared commitment to advancing scalable, energy-efficient infrastructure for AI, HPC, cloud-native, and enterprise environments.

A Strategic Milestone: Over Two Decades of Innovation

Since introducing its first AMD-based dual-socket server motherboard in 2002, MiTAC—through its TYAN brand—has cultivated a strong, enduring ecosystem partnership with AMD. This collaboration has enabled MiTAC to consistently deliver high-performance, AMD-powered platforms that meet the evolving demands of modern data centers.

“At MiTAC Computing, we are proud to extend our partnership with AMD as we continue developing advanced, scalable, and energy-efficient server platforms,” said Rick Hwang, President of MiTAC Computing Technology Corp. “By integrating AMD’s latest EPYC™ 9005 and 4005 series processors, AMD Instinct™ MI325X GPUs, and the upcoming MI350 series GPUs and platforms, we’re enabling our global customers to unlock new capabilities in AI infrastructure and high-performance computing.”

AI & HPC Innovation: Built to Accelerate

MiTAC G8825Z5
An 8U powerhouse optimized for intensive AI and HPC use cases. Featuring dual AMD EPYC™ 9005 Series processors and support for up to 8 AMD Instinct™ MI325X GPUs, it offers massive compute density and up to 6TB of DDR5-6400 memory, ideal for large-scale AI model training and scientific computing.

TYAN TN85-B8261
A 2U dual-socket GPU server supporting up to four dual-slot GPUs. Equipped with 24 DDR5-6400 RDIMM slots and tool-less NVMe storage carriers, it delivers high-speed throughput and flexibility for deep learning and HPC environments.

MiTAC C2820Z5
An OCP-powered direct liquid-cooled, high-density 2OU 4-node platform tailored for energy-efficient HPC workloads. Powered by dual AMD EPYC™ 9005 processors, it offers enhanced thermal performance and scalability, ideal for next-gen AI clusters.

Cloud-Ready Infrastructure: Optimized for Scale-Out

MiTAC M2810Z5
A 2U 4-node single-socket server built for high-density cloud computing. Each node supports up to 3TB DDR5-6400 memory and four E1.S drives, enabling fast, scalable deployments in hyperscale environments.

TYAN HG68-B8016
A 6U multi-node platform designed for cloud gaming and compute-heavy workloads. It includes five single-socket nodes using AMD EPYC™ 4005 Series processors, each with DDR5-5600 memory and NVMe storage, maximizing efficiency for cloud-native operations.

Enterprise-Grade Platforms: High IOPS, Scalable Storage

MiTAC TS70A-B8056
A 2U single-socket server built for enterprise storage and virtualization. Supporting up to 26 NVMe U.2 drive bays, 24 DDR5-5200 DIMM slots, and dual PCIe 5.0 expansion slots, it’s ideal for data-intensive workloads like software-defined storage and database acceleration.

One MiTAC Strategy: End-to-End Solutions

MiTAC Computing’s integrated “One MiTAC” strategy unites its server hardware expertise with MiTAC Information Technology’s software integration capabilities. By combining AMD’s CPU and GPU platforms with MiTAC’s full-stack design and deployment capabilities, the companies jointly deliver complete AI and data center solutions across government, transportation, finance, and hyperscale industries.

Whether it’s overcoming challenges in AI cluster deployment or supporting mission-critical enterprise systems, MiTAC Computing and AMD are enabling customers to scale efficiently and innovate faster.

A Shared Vision for the Future

Looking ahead, MiTAC Computing and AMD are focused on driving further innovation in AI infrastructure, HPC cluster scaling, cloud-native system design, and energy-efficient computing. With upcoming support for AMD Instinct™ MI350 GPUs for liquid cooling, MiTAC Computing is preparing for the next wave of high-performance AI deployments.

Visit MiTAC Computing at COMPUTEX 2025 – Booth M1110

Experience MiTAC Computing’s full AMD-powered product lineup and talk with solution experts.
Explore more: https://www.mitaccomputing.com/en/campaign/computex2025

AMD, the AMD Arrow logo,  AMD Instinct, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

About MiTAC Computing Technology Corporation

MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings, delivers comprehensive, energy-efficient server solutions backed by industry expertise dating back to the 1990s. Specializing in AI, HPC, cloud, and edge computing, MiTAC Computing employs rigorous methods to ensure uncompromising quality not just at the barebone level but more importantly, at the system and rack levels—where true performance and integration matter most. This commitment to quality at every level sets MiTAC Computing apart from others in the industry. The company provides tailored platforms for hyperscale data centers, HPC, and AI applications, guaranteeing optimal performance and scalability.

With a global presence and end-to-end capabilities—from R&D and manufacturing to global support—MiTAC Computing offers flexible, high-quality solutions designed to meet unique business needs. Leveraging the latest advancements in AI and liquid cooling, along with the recent integration of Intel DSG and TYAN server products, MiTAC Computing stands out for its innovation, efficiency, and reliability, empowering businesses to tackle future challenges.

Visit our corporate website: https://www.mitaccomputing.com/

SOURCE MiTAC Computing Technology Corp.

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