SIDBI Welcomes Manoj Mittal as New CMD to Lead MSME Development Mittal brings over 33 years of finance sector experience to the role, having previously served as Managing Director and CEO of the Industrial Finance Corporation of India (IFCI) and Deputy Managing Director at SIDBI.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Manoj Mittal, Chairman and Managing Director, SIDBI|LinkedIn

Manoj Mittal has been appointed as the new Chairman and Managing Director (CMD) of the Small Industries Development Bank of India (SIDBI). The Government of India announced his appointment, marking a significant leadership change at the institution.

According to the official statement, Mittal brings over 33 years of finance sector experience to the role, having previously served as Managing Director and CEO of the Industrial Finance Corporation of India (IFCI) and Deputy Managing Director at SIDBI.

Established on April 2, 1990, under an act of the Indian Parliament, SIDBI is the Principal Financial Institution dedicated to the promotion, financing, and development of the Micro, Small, and Medium Enterprises (MSME) sector. It plays a crucial role in coordinating with various institutions engaged in similar activities to support the growth of MSMEs across India.

Mittal's extensive background in financial management is expected to enhance SIDBI's strategic initiatives and operational effectiveness, fostering greater support and development opportunities for the MSME sector.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Is TikTok Considering Selling Its U.S. Business to Elon Musk? Here's What TikTok Says.

Reports have emerged that Chinese officials are considering selling TikTok to Elon Musk.

Business News

It's Pay-to-Stay at Starbucks As the Coffeehouse Reverses Its Open Door Policy

If you want to use the restroom, work remotely, or sit to chat with friends, you'll need to be a paying customer.

Business Culture

Why Are Remote Work Trends So Different in the US and UK?

While the USA and the UK share similarities, they have markedly different remote work cultures. This is particularly interesting for a US-based founder with UK-based employees. I wanted to explore these differences further so we can understand how remote work policies can be tailored to enhance productivity and employee satisfaction in both countries.