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A STUDY OF WORKING CAPITAL MANAGEMENT IN SMALL SCALE INDUSTRIES

Mr. Harshal Ulhas Padwal

(Asst. Professor, School of Law, D. Y. Patil, Deemed to be University, Nerul, Navi Mumbai, Maharshtra, India. Harshal.padwal@dypatil.edu)

Mr. Nitin Prajapati

(Lecturer, KSA Barns College of Arts, Science and Commerce, Panvel, Maharshtra, India.

Nitinprajapati87@rediffmail.com)

ABSTRACT:

This research paper presents an in-depth exploration of working capital management within small scale industries (SSIs), recognizing its pivotal role in sustaining the financial health of such enterprises. By investigating the specific strategies, challenges, and implications associated with working capital management in SSIs, the study aims to enrich our understanding of this critical aspect of financial management.

Through a meticulous analysis of existing literature, financial data, and case studies, the paper endeavours to unveil the intricate factors that influence working capital decisions in SSIs and their consequent effects on operational efficiency and profitability. By identifying both successful practices and potential areas for enhancement, the research contributes valuable insights to the broader field of financial management in small businesses.

The findings of this study have practical implications for strategic decision-making within SSIs, empowering stakeholders to optimize their working capital management practices in response to dynamic market conditions. Ultimately, by offering actionable recommendations grounded in empirical evidence, the research seeks to enhance the overall performance and sustainability of SSIs in today's competitive business landscape.

(Key Words: Small scale industries, decision making, financial management, working capital management)