A quiet but powerful change is happening for small and medium businesses (SMEs) in Telangana. From busy industrial areas in Hyderabad to new centers across the state, these businesses are using Artificial Intelligence (AI) to work smarter, compete better, and grow faster. Kotak Mahindra Bank says this change is real and speeding up!
Telangana is home to a thriving business scene with over 8.9 lakh registered small and medium businesses. These businesses work in many areas like medicines, engineering, clothes, food, and electronics. What’s new is how they are using AI – not just to do tasks automatically, but to make smarter choices, guess future trends, and quickly adapt to digital changes.
At the heart of this change are the business owners themselves. They are becoming more comfortable with technology, eager for success, and open to new ideas. We are seeing a new kind of business owner in Telangana, says Shekhar Bhandari, President – Small and Medium Enterprises at Kotak Mahindra Bank. They are not just using AI; they are making it a key part of how their business works. That’s where the real transformation begins.
AI is no longer something for the future – it’s a tool for today’s small businesses, “says Bhandari.” When AI is combined with the right financial support, it becomes a powerful engine for growth.
Kotak’s platform, Kotak FYN, helps businesses
- Go digital with trade finance
- Easily manage payments and collections
- Use AI to analyze data and better manage their money
The platform is easy to use and can be accessed on mobile, web, and through other digital connections (APIs), making it perfect for small businesses that need speed, flexibility, and control.
Kotak knows a lot about these businesses because it works closely with them across the region. But Kotak’s help goes beyond just technology. The bank is expanding its reach in Telangana’s industrial areas, investing in new facilities and partnerships that support small business growth. Their teams work directly with owners to understand problems in specific industries and create solutions that can grow and last.
This approach is getting results. Businesses that used to do everything by hand are now using AI dashboards to:
- Predict cash flow
- Manage their stock better
- Find new sales opportunities
The positive effects are clear: better profits, faster work, and stronger businesses that can handle economic changes.
Telangana’s business owners are brave, forward-thinking, and good with digital tools, said Shekhar Bhandari. They are not just keeping up; they are leading the way. Our Kotak FYN platform is made to help their ambitions, offering easy access on mobile, web, and through APIs. It’s easy to use, all-in-one, and built for your needs.
As Telangana continues to attract global money and reach new industrial heights, its small businesses are quietly shaping the future. Their success shows what’s possible when big dreams meet smart support – and Kotak Mahindra Bank is proud to be part of that journey.
Source: The information in this article is inspired by a report published on The HansIndia:
