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Small Industries Development Bank of India
3.9
based on 89 Reviews
Video summary
Company Overview
Company Locations
Working at Small Industries Development Bank of India
Company Summary
Principal financial institution catering to the development and financing needs of the Micro, Small, and Medium Enterprises sector.
Overall Rating
3.9/5
based on 89 reviews
On-Par with
industry average
Highly rated for
Salary, Work-life balance
Critically rated for
Promotions, Company culture
Work Policy
Work from office
96% employees reported
Monday to Friday
90% employees reported
Strict timing
60% employees reported
Within city
46% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
4 employees reported
Professional degree assistance
2 employees reported
Office cab/shuttle
2 employees reported
Health insurance
2 employees reported
View all benefits
About Small Industries Development Bank of India
Founded in1990 (35 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersLucknow, Uttar Pradesh, India
Office Locations
--
Websitesidbi.in
Primary Industry
Other Industries
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Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion,Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities
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Small Industries Development Bank of India Ratings
based on 89 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
46
4
20
3
12
2
2
1
9
Category Ratings
3.8
Salary
3.8
Work-life balance
3.6
Skill development
3.6
Work satisfaction
3.5
Job security
3.3
Company culture
3.1
Promotions
Small Industries Development Bank of India is rated 3.9 out of 5 stars on AmbitionBox, based on 89 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Small Industries Development Bank of India
based on 87 reviews
4.1
Rated by 19 Women
Rated 4.0 for Work-life balance and 3.9 for Skill development
3.9
Rated by 68 Men
Rated 3.9 for Salary and 3.8 for Work-life balance
Work Policy at Small Industries Development Bank of India
based on 22 reviews in last 6 months
Work from office
96%
Permanent work from home
4%
Small Industries Development Bank of India Reviews
Top mentions in Small Industries Development Bank of India Reviews
+ 2 more
Compare Small Industries Development Bank of India with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 89 reviews | 4.0/5 based on 2k reviews | 4.1/5 based on 4.4k reviews | 3.7/5 based on 2.3k reviews |
Highly Rated for | Work-life balance Salary | Work-life balance Company culture Skill development | Work-life balance Skill development Company culture | No highly rated category |
Critically Rated for | Promotions Company culture | No critically rated category | No critically rated category | Promotions |
Primary Work Policy | Work from office 96% employees reported | Work from office 63% employees reported | Work from office 64% employees reported | Work from office 88% employees reported |
Rating by Women Employees | 4.1 Good rated by 19 women | 3.6 Good rated by 165 women | 3.9 Good rated by 491 women | 3.4 Average rated by 320 women |
Rating by Men Employees | 3.9 Good rated by 68 men | 4.1 Good rated by 1.7k men | 4.1 Good rated by 3.4k men | 3.8 Good rated by 1.8k men |
Job security | 3.5 Good | 3.7 Good | 3.5 Good | 3.4 Average |
View more
Small Industries Development Bank of India Salaries
Small Industries Development Bank of India salaries have received with an average score of 3.8 out of 5 by 89 employees.
Customer Service Associate
(27 salaries)
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₹3.5 L/yr - ₹4.8 L/yr
C.S.A
(25 salaries)
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₹3.5 L/yr - ₹4.8 L/yr
Customer Support Associate
(20 salaries)
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₹3.6 L/yr - ₹4.9 L/yr
Assistant General Manager
(13 salaries)
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₹26 L/yr - ₹46.5 L/yr
Legal Executive
(11 salaries)
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₹5.3 L/yr - ₹10 L/yr
Java Developer
(7 salaries)
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₹5 L/yr - ₹14.4 L/yr
Credit Analyst
(7 salaries)
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₹5.3 L/yr - ₹21 L/yr
Junior Credit Analyst
(7 salaries)
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₹6 L/yr - ₹7 L/yr
Customer Support Executive
(6 salaries)
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₹3.1 L/yr - ₹7 L/yr
Audit Consultant
(5 salaries)
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₹12 L/yr - ₹16 L/yr
Small Industries Development Bank of India News
View all
MSME loan demand grew 11%, but supply declined 11% in Jan-Mar 2025: SIDBI Report
- MSME loan demand grew by 11% in Jan-Mar 2025 with private sector banks experiencing an 8% growth and public sector banks seeing a 15% growth.
- Overall commercial credit supply increased by 3% y-o-y for FY24-25. However, in Jan-Mar 2025, there was an 11% decline in credit supply compared to the previous year.
- Certain segments like new cash credit facilities grew by 7% y-o-y in Jan-Mar 2025, indicating continued traction in working capital financing.
- There are a total of 6.35 crore Udyam-registered MSMEs as of May 12, 2025, but only 3.68 crore MSMEs have accessed credit at least once, showing a significant untapped potential in the market.
HinduBusinessLine | 23 May, 2025
MSMEs face credit gap of ₹30 lakh crore, women-owned businesses see highest shortfall: Report
- MSMEs have a credit gap of ₹30 lakh crore, with women-owned businesses facing the highest shortfall at 35%.
- Medium-sized businesses face the highest gap at 29%, while trading MSMEs have a credit gap of 33% due to lack of collateral.
- Despite challenges, SIDBI believes MSMEs can drive the Indian economy, aided by growth in women entrepreneurship and digital lending.
- To support MSMEs, policy interventions are needed to bridge gaps in services and women-led enterprises, along with improving market access and productivity.
HinduBusinessLine | 19 May, 2025
Punjab National Bank To Divest Entire Stake In ISARC For Rs 34 Crore
- Punjab National Bank has agreed to divest its entire stake in India SME Asset Reconstruction Co. Ltd. for Rs 34.04 crore.
- PNB will sell 2.09 crore shares at Rs 16.29 per share, totaling the sale consideration to over Rs 34.04 crore.
- The stake sale, approved by the Reserve Bank of India in March, is expected to be completed by the end of the June quarter.
- India SME Asset Reconstruction Co. Ltd. is sponsored by SIDBI, Bank of Baroda, Punjab National Bank, and SIDBI Venture Capital Ltd.
Bloomberg Quint | 13 May, 2025
PFC May Raise Rs 10,000 Crore, Four Others Seek Government Nod To Issue Deep Discount Bonds
- Power Finance Corp. (PFC) is in talks to raise up to Rs 10,000 crore through zero coupon bonds by May.
- Other public sector companies, including NABARD, SIDBI, IREDA, IRFC, and REC, are also seeking approval to issue similar bonds.
- Deep discount bonds are sold at a discount of over 20% than their face value and are tax efficient.
- REC previously raised over Rs 2,700 crore through deep discounted bonds, which received strong demand.
Bloomberg Quint | 23 Apr, 2025
Government to provide major part of Rs 10,000 crore startup fund to sectors like new age tech, AI
- The Indian government will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) for startups in new-age tech.
- Sectors like artificial intelligence and machine building will be the top focus for funding.
- The Small Industries Development Bank of India (SIDBI) is expected to manage the scheme.
- Over 1,50,000 entities in more than 55 industries have been recognised as startups under the Startup India initiative.
Economic Times | 14 Apr, 2025
Union Minister Piyush Goyal Announces Startup Helpline After Remark on Lack of Focus on Deep-Tech
- Union Minister Piyush Goyal has announced the launch of a dedicated Startup India desk within the ministry to serve as a helpline for budding entrepreneurs across India.
- The helpline will be available via a straightforward four-digit toll-free number in local languages.
- Startups can report issues and offer suggestions for enhancing the ecosystem through this helpline.
- The Small Industries Development Bank of India (SIDBI) will receive ₹2,000 crore as the first installment of the second Fund of Funds for Startups.
Startup Pedia | 7 Apr, 2025
Startup Mahakumbh To Amplify Collaboration Between State & Startup Ecosystems: SIDBI’s Manoj Mittal
- India's startup ecosystem is focusing on capital accessibility, founder support, and policy-backed initiatives for growth, with SIDBI managing the INR 10K Cr Fund of Funds for Startups.
- SIDBI is organizing Startup Mahakumbh to facilitate collaboration between startups, investors, and government stakeholders, with a focus on sector-specific growth and innovation in Tier II and III cities.
- The Fund of Funds initiative has mobilized INR 92K Cr investments, supporting over 1,200 startups and facilitating job creation and economic growth.
- SIDBI plans to expand the FFS ambit to support early-stage startups in Tier II and III cities, sectoral funds, diversity in entrepreneurship, and MSME linkages.
- Collaborating with state governments, launching awareness programs, and tie-ups with academic institutions are key strategies to foster innovation in Tier II and III cities.
- SIDBI has set up various funds and initiatives to invest in startups, along with mentorship programs and support for first-time entrepreneurs.
- Events like Startup Mahakumbh play a crucial role in catalyzing the startup ecosystem by providing networking opportunities and exposure to investors and mentors.
- Features of Startup Mahakumbh like Investor Connect, Networking Sessions, Mentorship Workshops, and Technology Showcases are aimed at empowering early-stage startups and MSMEs.
Inc42 | 31 Mar, 2025
NBFC lobby seeks govt incentives for EV financing to overcome bottlenecks
- The Finance Industry Development Council (FIDC) has sought a scheme to incentivize electric vehicle (EV) finance in India.
- FIDC highlighted that EV financing is a bottleneck and lacks the support and incentives given to EV manufacturers.
- They proposed the establishment of a dedicated fund with SIDBI or NABARD for funding non-banking financial companies (NBFCs) for on-lending to EVs.
- FIDC also suggested subsidizing interest rates under the interest subvention scheme for EV loans under Rs 10 lakh.
Yourstory | 12 Mar, 2025
SIDBI Secures $100 Million Credit Line from AFD To Boost Green Finance For MSMEs
- The Small Industries Development Bank of India has secured a $100 million credit line from AFD.
- The credit line will be used to expand access to affordable financing for MSMEs investing in energy-efficient technologies, renewable energy solutions, and climate-friendly business practices.
- The partnership aims to foster sustainable economic development and enhance climate resilience in emerging markets.
- SIDBI and AFD are committed to empowering MSMEs to invest in sustainable solutions for a greener and more inclusive economy.
Bloomberg Quint | 13 Feb, 2025
SIDBI and AFD, France ink $100 million deal to boost green finance for Indian MSMEs
- SIDBI and AFD have signed a $100 million deal to boost green finance for Indian MSMEs.
- AFD will provide a credit line of $100 million to SIDBI to expand access to affordable financing for MSMEs investing in energy-efficient technologies and renewable energy solutions.
- The partnership aligns with the goal of fostering sustainable economic development and enhancing climate resilience in emerging markets.
- SIDBI aims to provide long-term financial solutions to enable MSMEs to adopt cleaner technologies, improve energy efficiency, and reduce their carbon footprint.
HinduBusinessLine | 12 Feb, 2025
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Small Industries Development Bank of India FAQs
When was Small Industries Development Bank of India founded?
Small Industries Development Bank of India was founded in 1990. The company has been operating for 35 years primarily in the NBFC sector.
Where is the Small Industries Development Bank of India headquarters located?
Small Industries Development Bank of India is headquartered in Lucknow, Uttar Pradesh.
How many employees does Small Industries Development Bank of India have in India?
Small Industries Development Bank of India currently has approximately 1,700+ employees in India.
Does Small Industries Development Bank of India have good work-life balance?
Small Industries Development Bank of India has a Work-Life Balance Rating of 3.8 out of 5 based on 80+ employee reviews on AmbitionBox. 74% employees rated Small Industries Development Bank of India 4 or above, while 26% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Small Industries Development Bank of India work-life balance reviews for more details.
Is Small Industries Development Bank of India good for career growth?
Career growth at Small Industries Development Bank of India is rated as moderate, with a promotions and appraisal rating of 3.1. 26% employees rated Small Industries Development Bank of India 3 or below, while 74% employees rated it 4 or above on promotions / appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Small Industries Development Bank of India reviews for more detailed insights.
What are the pros and cons of working in Small Industries Development Bank of India?
Working at Small Industries Development Bank of India comes with several advantages and disadvantages. It is highly rated for salary & benefits and work life balance. However, it is poorly rated for promotions / appraisal, company culture and job security, based on 80+ employee reviews on AmbitionBox.
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