Power2SME: Enabling SMEs enhance their overall productivity and value

The Silicon Review

“Power2SME is the first 'Buying Club' for Indian SMEs that aims to empower and propel them on the fast lane to growth.”

Power2SME is the first ‘Buying Club’ for small and medium enterprises (SMEs) in India. The company was formed with the vision to “Empower SMEs to enable the India growth story”. The company plays a crucial role in sourcing input raw materials for SMEs at the most economical price points in varied categories like Chemicals, Inks, Paints, Metals, Polymers and more. This helps SMEs focus on their core business of accelerating growth, both in terms of revenue and development. Headquartered in Gurugram, Power2SME has 5 more offices spread across Mumbai, Chennai, Kolkata, Ahmedabad and Pune. Having started its operations in 2012, Power2SME has a proven track record of enabling small businesses and enterprises enhance their overall productivity and achieve measurable business value through its offerings.

Armed with a collaborative workforce, the team at Power2SME comprises professionals who are driven by a passion to help empower the SMEs in order to achieve their goals. What makes them unique is their ability to make customer engagement a delightful experience. The team comprises over 120 professionals with domain expertise in sales, supply chain, marketing, finance, human resources and IT.

The team at Power2SME is highly focused on working with large, established and trusted suppliers so that their customers are assured of the quality of the product that they buy from them. Their current suppliers include companies like SAIL, IOCL, GAIL, AkzoNobel, Haldia, etc. Power2SME’s leadership team helps them build a strong and stable organization that works for the benefit of all stakeholders. They set goals, align people to these goals and encourage them to perform and achieve.

Power2SME is creating India’s No 1 B2B Digital Ecosystem for SMEs which delivers raw material procurement at competitive prices and access to finance at improved rates of interest thus driving higher efficiencies and profitability. Power2SME function as a 'buying club' and help SMEs benefit from economies of scale as a result of volume purchase and buying power across a large network of manufacturers. Raw material procurement is approximately 70 % of recurring costs of a manufacturing SME, and the unstructured market offer a unlevelled playing field for SME players.

Clients Speak

“We are happy to be associated with Power2SME. They have helped us procure raw materials at competitive price points, ensuring a reduction in the Cost of Goods Sold (COGS) and enhancing profitability.They have also helped us engage with reputed suppliers so as to source high quality raw materials. We hope to strengthen our ties with the company and look forward to work with them in the future.” - Anoop Srivastava, Senior Commercial Manager, ashbee

“Earlier, it was difficult for us to source and negotiate while dealing with large suppliers. Power2SME eliminates the need to engage with multiple vendors and acts as a single touch point for various purchase requirements for multiple locations. Now we are able to get optimum procurement prices for the materials.”- Vijay Sharma, Partner & Plant Head, Sarovaram Industries.

Product Offerings

Steel- The Indian Steel industry is one of the oldest industries in the Indian economy. It has been a force to reckon with, both in terms of innovation and driving economic development...

Commodity-Polymer- The use of Commodity polymers is primarily driven by the need to cut down costs in various applications. Power2SME offers 5 kinds of commodity polymers - High Density Polyethylene (HDPE), Linear.

Engineering-Polymer- Engineering Polymers, armed with properties like high dimensional stability, good strength, heat and chemical resistant, are widely being used as a substitute for metal.

Chemical- Chemical additives are increasingly gaining popularity in various industries. They encompass an array of materials that are added to polymer resins, paints and coatings, adhesives, and other.

Awards & Accolades

Awards and accolades have been an important part of thir organization's success story. The company has bagged several recognitions. It was selected amongst the Red Herring's Top 100 Global list for the year 2013. It was also chosen amongst the Red Herring's Top 100 Asia list for the year 2013. Power2SME CEO and Founder Mr R Narayan won the 'Serial Entrepreneur of the Year' award at the Entrepreneur India Awards 2013.

Meet the Leader

R Narayan, Founder & CEO- Under his stewardship, the Power2SME Group enjoys a position of prominence in sectors in which it operates. Responsible for the overall profitability and performance of the organization, he has an impressive track record of developing robust business strategies and taking the company to newer heights. He sets the overall direction for the business and focuses on the scalability and growth of the business. A qualified Cost Accountant, Narayan brings on board more than 24 years of experience across diverse portfolios like general management as well as sales & marketing. A seasoned entrepreneur, Narayan was also the Founder and CEO of Denave, India's largest technology powered sales enabling services company, prior to forming Power2SME. He continues as a Board Member at Denave.

“At Power2SME, we aim to provide SMEs with everything they need to grow their business at full potential. We are removing roadblocks and providing the SMEs with an ecosystem.”- R. Narayan - CEO, Power2SME Private Limited