Success Against the Tide ; in This Sea of Distress, There Are Smes That Have Not Overstretched Themselves and Have Thriving Business Models.

Summary

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The Nand Ghanshyam Industrial Estate in Mumbai's Andheri area conveys a sense of dilapidation, of decay and of being deserted. The kutcha road inside ends in a two-storied commercial complex that reeks old-economy the last place one would expect to find a risk- management firm.

But, amid the heady smell of machine oil and grease is the headquarters of CRP Technologies, one of India's largest background screening firms and among the top three from the 4,000-odd SMEs rated by the SME Rating Agency of India for their credit-worthiness and business model.

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Extract

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Success Against the Tide ; in This Sea of Distress, There Are Smes That Have Not Overstretched Themselves and Have Thriving Business Models.

For CRP, it has not been easy to make it to the hall of fame of SMERA, India's SMEfocussed rating agency. And the nondescript location is incidental to CRP's success.

"We are in B2B business so we don't need to invest in glamorous offices, explains Rahul Belwalkar, the 35-yearold CEO, sitting in his mezzanine office. Belwalkar, an IIM Lucknow alumnus with stints in ICICI Pru Life, Reliance Life and ABN AMRO, is neith...

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