In Karnataka’s thriving business landscape, a quiet force is driving the state’s economic ascent. Small and Medium Enterprises (SMEs), once considered peripheral players, are now at the centre of the state’s industrial and technological boom. From aerospace to electric vehicles, semiconductors to green manufacturing, SMEs are no longer just supporting actors—they’re powering the main stage.
These enterprises have undergone a remarkable transformation, evolving from traditional setups into digitally empowered, growth-oriented businesses. At the heart of this shift is a new wave of digital banking solutions tailored to their needs. Platforms like Kotak Mahindra Bank’s Kotak fyn are enabling SMEs to operate with agility, precision, and scale. Offering paperless trade finance, seamless collections and payments, and AI-driven analytics, Kotak fyn is helping SMEs manage working capital and unlock new growth opportunities.
“Karnataka’s entrepreneurs are bold, visionary, and digitally fluent,” says Shekhar Bhandari, President – Small and Medium Enterprises at Kotak Mahindra Bank. “They’re not just keeping up—they’re leading. Our Kotak fyn platform is designed to support that ambition, offering universal access across mobile, web, and APIs. It’s intuitive, integrated, and built ‘For Your Needs’.”
This financial empowerment enables SMEs to tap into high-growth sectors and become strategic collaborators in Karnataka’s industrial ecosystem. With over 21.25 lakh registered MSMEs, the state is a powerhouse of entrepreneurial energy—driving innovation, employment, and exports.
Kotak Mahindra Bank is expanding its footprint across key hubs like Bengaluru, Mysuru, and Hubballi-Dharwad, reinforcing its commitment to SME growth. By investing in digital infrastructure and customer-centric platforms, the bank is helping SMEs become more resilient, productive, and globally competitive.
As Karnataka continues to attract global investments and scale new industrial heights, its SMEs are quietly but powerfully shaping the future. Their rise is a testament to what’s possible when ambition meets the right support—and Kotak is proud to be part of that journey.