Sandeep Jain, an auto-component manufacturer and alumnus of IIT-Kanpur, has been unanimously elected as the President of the Federation of Indian Micro and Small & Medium Enterprises (FISME) for the year 2024-25.
In line with FISME’s tradition of holding annual elections, Jain’s name was approved in a meeting of the Central Executive Committee held in New Delhi. FISME elects one-third of its CEC members annually, and the newly constituted body elects the President for the year.
Taking Over the Reins
Jain takes over the presidency from Prashant Patel, a manufacturer of dyes and chemicals based in Ahmedabad and Surat. He previously served as the Vice President of FISME.
Entrepreneurial Journey
A B.Tech in Mechanical Engineering from IIT Kanpur, Jain started his career with TVS Electronics & Tata Unisys before establishing SOLO Components Pvt Ltd, a precision machined castings company based in Gurgaon, in 1991.
SOLO Components
SOLO Components is a fully integrated CNC machine shop supplying precision machined castings of ferrous and non-ferrous alloys. It operates from three plants housing 52 CNC machines and employs 150 people. The company supplies precision machined parts and components to OEMs in the auto supply chain, engineering, telecom, and medical sectors, among others.
Addressing Industry Challenges
With FISME’s focus on reforming legacy constraints in the MSME ecosystem and addressing emerging challenges like technology and climate change, the industry body has relied on Jain’s expertise to address both legacy challenges and embrace trends like AI, IoT, and climate solutions to ensure MSME relevance.
Additional Achievements Jain is also an alumnus of the prestigious Indo-German Manager Training program and serves as the Northern Region head for IGBDA – the association of alumni of this program.
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