Axis Bank Hosts 9th Edition of Evolve in Hyderabad to Empower MSMEs

Varahi media.com online news,Hyderabad, 20th February, 2025: Axis Bank, one of India’s leading private sector banks, successfully hosted the 9th edition of Evolve, its flagship knowledge-sharing seminar for Micro, Small, and Medium Enterprises (MSMEs), in Hyderabad.

Themed ‘Future-Proofing MSMEs for the New-Age Business’, the event focused on innovation, digital transformation, and operational resilience to help MSMEs navigate an evolving business landscape.

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The seminar featured key insights from senior Axis Bank leaders, including Mr. Vijay Shetty, Head – Commercial Banking Group, Mr. Nuti Chakravarthy, EVP & Regional Branch Banking Head – South 2, and Mr. Saibal Sen Gupta, SVP – Treasury.

A panel discussion, moderated by Mr. Saurab Vadhera, Director & Business Head, Small Business Banking, included industry experts like Mr. Srinivasa Reddy, MD, Suvarna Durga Group, Mr. Gaurav Soni, MD, Botanic Healthcare Pvt. Ltd., and Mr. Sridhar Gadhi, Founder & Group CEO, Paradigm Group & Quantela Inc. The event witnessed participation from over 100+ MSME entrepreneurs.

Through Evolve, Axis Bank aims to equip MSMEs with strategies to streamline operations, enhance competitiveness, and expand market reach. The initiative aligns with the bank’s broader vision of fostering a future-ready India through innovation and meaningful industry collaborations.

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Speaking on the occasion, Mr. Munish Sharda, Executive Director, Axis Bank, said, “MSMEs are the backbone of India’s economy, contributing nearly a third of the GDP and employing millions. At Axis Bank, we go beyond financial services to empower MSMEs with knowledge, tools, and networks to future-proof their businesses. Through Evolve, we provide a platform for MSMEs to engage with industry leaders, explore new innovations, and build resilience in a dynamic marketplace.”

Launched in 2014, Evolve has grown into a transformative platform, impacting over 9,000+ MSME entrepreneurs across 50+ cities. This year, the initiative will be hosted in 10 key cities, including Delhi, Mumbai, Lucknow, Kolkata, Chennai, Hyderabad, Bangalore, Kochi, Indore, and Ahmedabad.

Axis Bank’s MSME lending portfolio has grown at a remarkable 30% CAGR since 2020, securing an 8.6% market share in overall MSME credit. The bank continues to drive MSME growth through innovative solutions, including cash flow-based lending leveraging GST and transaction data, digital platforms like Neo for Business, and customized credit offerings for seamless financial access.

With Evolve, Axis Bank reaffirms its commitment to strengthening India’s MSME ecosystem, empowering businesses to thrive in an increasingly digital and competitive world.

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