Point
Entrepreneur Year Book »

Power2SME

Power2SME
About us
Power2SME, the first 'Buying Club' for SMEs in India, was set up in 2012 by Founder & CEO R Narayan to cater exclusively to the needs of SMEs in India. It is Power2SME's aim to help unlock the potential of these SMEs, whose progress is so critical to the India growth story. Power2SME enables SMEs to focus on their core business of driving growth and expansion, while taking on the role of sourcing input raw materials at the most competitive price points across multiple products in categories like Chemicals and Additives, Inks, Paints, Metals, Polymer Commodity and Polymer Engineering. Headquartered in Gurgaon, Power2SME has regional presence across Ahmadabad, Baroda, Chennai, Kolkata, Mumbai and Pune.
R Narayan
Founder & CEO:R Narayan
OFFICE:
Ground Floor, Plot No 88, Udyog Vihar, Phase IV Gurgaon, Haryana
KEY PERSON:
R Narayan
R Narayan, Founder & CEO: Narayan is an entrepreneur for the last 14 years, with a strong corporate background. He started his career working in sales and marketing profile across Microsoft , Oracle and Tata. A chartered accountant by training, sales and marketi ng professional by choice and an entrepreneur by spirit; Narayan sets the overall direction for the business and oversees marketing, operational and business development efforts for Power2SME. With over 24 years of general management, sales & marketing experience, Narayan has worked closely with over 2 lakh SMEs, across India, over the last 10 years, bringing a deep understanding of SMEs and their needs in an evolving economy. During his stint with Microsoft , R Narayan managed the SME segment and distribution business of the company. Before starting Power2SME, Narayan also set up Denave, India's largest technology powered sales enabling company with customers such as Nokia, Cisco, HP, Lenovo and Microsoft .
INVESTORS:
Inventus Capital, Kalaari Capital & Accel Partners.
WEBSITE:
OFFERINGS:
Powe2SME pools the demand of hundreds of SMEs for multiple products for their business needs, thus allowing it to not only obtain the most optimal pricing but also a larger pool of quality suppliers. The company takes complete ownership of the entire order process, including taking title of the goods, which ensure quality of the raw material at the best price with flexible payment options made available to SMEs. It also provides an online platform that enables the SMEs to cut costs and build efficiencies in their business processes, thus allowing them to compete on an equal footing with large enterprises. This platform is available 24x7 to all the customers and can be accessed without any charges. Its key product focus is on Cement, Chemical Additives such as StearicAcid, Titanium DiOxide, Paraffin Wax, Commodity Polymers such as PVC, PP, HDPE, LDPE and LLDPE, Offset Inks, Paints (decorative), Steel products (flat) such as Coils, Plates and Sheets (Mild Steel and Stainless Steel) and Steel products (long) such as bars, rebars, angle, beam, channel, hex and rounds.
DIFFERENTIATING FACTORS:
  • Powe2SME generates monthly revenues of $2 million and with more than 15,000 registered SMEs users, the company has achieved all of this in less than two years of operations.
  • The company raised foreign direct investment (FDI) from Inventus Capital, Kalaari Capital & Accel Partners. They have together invested USD 9 million in the company.
  • With a team of 100 professionals across sales, supply chain, marketing, finance, technology and human resources Power2SME has seen significant growth since its inception in 2012.
  • Its team comprises of experienced and specialized professionals that negotiate the prices directly with manufacturers and can obtain prices that are signifi cantly lower than the standard market prices.
WHAT NEXT:
Power2SME aims at becoming a one stop desti nation for SMEs for all their business needs.