New Delhi, India – [6
th March 2025] – In a momentous achievement for India’s MSME sector,
MADique Technologies, under the leadership of Karthik Raja Karnan, has been recognized
as one of the Top 100 MSMEs at the prestigious India SME 100 Awards 2025. The award, hosted
by Axis Bank in partnership with the India SME Forum, highlights businesses that demonstrate
exceptional growth, financial strength, innovation, and social impact.
From 27,500+ nominations across India, MADique Technologies emerged as one of the nation’s
most promising enterprises, solidifying its position as a leader in automation technology for
the food industry.
MADique Technologies: A Story of Innovation and Growth
Founded by Karthik Raja Karnan, MADique Technologies started as a small startup in a car
shed, driven by a vision to make automation accessible and affordable for small businesses.
Over the years, the company has become an industry leader in food processing automation,
exporting its products to over 30 countries and empowering 3,000+ entrepreneurs worldwide.
The company’s flagship product—the world’s smallest automatic Idiyappam machine—
earned a spot in the Kalam Book of World Records, bringing recognition to India’s MSME
sector on a global scale. This innovation is now widely used by hotels, catering services, and
small-scale food businesses, helping them increase production capacity while maintaining
product authenticity.
With a strong focus on R&D, quality, and user-friendly automation, MADique Technologies is
at the forefront of India’s MSME revolution.
India SME 100 Awards: A Recognition of Business Excellence
The India SME 100 Awards 2025 celebrated businesses across various sectors, acknowledging
their role in strengthening the Indian economy. The evaluation process included parameters
such as:
Revenue growth & financial stability
Innovation in technology & product development
Employment generation & social impact
Corporate governance & scalability
The selection committee comprised eminent industry leaders, policymakers, and financial
experts, who recognized MADique Technologies for its strong market presence, technological
advancements, and contribution to India’s MSME growth.
The event was attended by top industry executives, policymakers, and dignitaries, including:
• Hon’ble Sushri Shobha Karandlaje, Minister of State for MSME
• Shri Amitabh Chaudhry, MD & CEO, Axis Bank
• Shri Prahlad Kakkar, Chairman of the India SME Forum
A Message from Karthik Raja Karnan
Speaking about the recognition, Karthik Raja Karnan, CEO & Founder of MADique
Technologies, said:
“We are honored to receive this prestigious award, which is a testament to the dedication and
hard work of our team. At MADique Technologies, we are committed to making automation a
driving force behind MSME success. This recognition reinforces our mission to empower small
businesses, create employment opportunities, and contribute to India’s industrial growth.”
Beyond Business: MADique Technologies’ Commitment to Social Responsibility
What sets MADique Technologies apart is not just its technological innovation but also its
commitment to social impact.
Supporting Differently-Abled Entrepreneurs & Military Families – The company offers a
10% discount initiative for differently-abled individuals, ex-military personnel, and families of
active-duty soldiers, ensuring economic empowerment.
Education & Inspiration – Every customer receives Dr. A.P.J. Abdul Kalam’s biography,
inspiring them to embrace lifelong learning and entrepreneurial thinking.
Environmental Sustainability – As part of its green initiative, MADique provides free seed
balls with every purchase, promoting tree planting and reforestation efforts.
These initiatives showcase how a business can succeed while positively impacting society, a
philosophy deeply embedded in Karthik Raja Karnan’s vision.
The Future of MADique Technologies
With the India SME 100 Award solidifying its position, MADique Technologies is now gearing up
for further expansion:
Entering new markets with innovative automation products
Enhancing AI-driven automation solutions for the food processing industry
Expanding sustainability programs with large-scale tree planting initiatives
As the company moves towards its goal of empowering 10,000 entrepreneurs by 2030, this
recognition serves as a stepping stone to greater success.
Karthik Raja Karnan’s MADique Technologies Recognized Among India’s Top 100 MSMEs at the India SME 100 Awards
