Panel discussion on MSMEs organized by Axis Bank in Kozhikode. From left to right: James Abraham, SVP Axis Bank; Ajil Muhammed – CEO HiLITE Group; MA Ashraf – MD Feroz Boards; Shahabaaz Ali – Head of Bakery Ingredients and Specialty Fats Department – Parison Group
A thriving hub for trade, manufacturing and technology-driven businesses, Kozhikode was selected as a strategic location to host this edition of Evolve. Once known as the City of Spices, Kozhikode has transformed into one of Kerala’s most dynamic business hubs. The upcoming industrial corridor between Kozhikode and Kannur, with a capital expenditure of ₹2,000 crore (FY25-28), is expected to further boost regional growth and create employment.
With over 103 MSME promoters and founders in attendance, the session served as a platform to discuss growth trajectories and challenges that will define India’s next phase of growth, from a $4.1 trillion economy today to $10 trillion by 2032.
Through Evolve, Axis Bank provides practical insights and actionable strategies to help SMEs improve operational efficiency, embrace technology and expand their market presence.
“With over 7 lakh registered MSMEs, almost half of which are led by women, Kerala stands out as a model of inclusive growth and a strong entrepreneurial spirit. Through Evolve, we want to partner with business leaders across the region to unlock growth opportunities and collectively support India’s journey towards a $10 trillion economy,” said Vijay Shetty, President and Head of Commercial Banking Coverage Group (CBG), Axis Bank.
Over the past decade, Evolve has connected with more than 10,000 entrepreneurs in more than 50 cities, providing them with practical strategies to embrace technology, improve operational efficiency, and sustainably scale their businesses. By promoting knowledge sharing and facilitating connections with industry leaders, the program continues to support SMEs as they navigate changing market dynamics and seize new growth opportunities.
Published on November 14, 2025
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