"Through our three funds, we plan to invest Rs 1,000 crore this fiscal," Chairman and Managing Director S Muhnot told reporters here.
Also read: SEBI to mull listing of SMEs, start up cos without IPO
Since the launch of the equity product last August, it has invested Rs 415 crore in 40 companies and 10 funds supporting small businesses (acting as a fund of funds), he said.
For this fiscal, it will invest Rs 750 crore from the Rs 5,000 crore corpus given by the government for such businesses, while Rs 125 crore each will be used from India Opportunities Fund and Samruddhi Fund, respectively, he said.
Typically, investments get divided equally between equity interests in individual companies, where it invests up to Rs 5 crore with a five year investment horizon, and in venture capital funds, he added.
Meanwhile, Sidbi posted a 45 percent jump in its FY13 profit at Rs 837 crore, helped by a one-time tax refund. Excluding the tax refund of Rs 187 crore, the post-tax profit increased 14.6 percent to Rs 660 crore.
The Lucknow-headquartered body's total income rose 17.2 percent to Rs 5,401 crore from the Rs 4,607 crore, Muhnot said.
It registered a 45 percent growth in specialized financing products like equity to Rs 9,155 crore against Rs 6,321 crore a year ago.
Muhnot said the growth in this segment will continue to be higher in the coming years.
Sidbi, which primarily acts as a refinancier of loans for micro, small and medium enterprises given by banks and other financial institutions, saw a stress on the asset quality during the year.
"The slowdown has affected large businesses and it does get transmitted to smaller businesses who supply to the large ones," he said.
The gross non-performing assets ratio moved up to 0.98 percent from 0.69 percent last year, while in absolute terms, it moved up to Rs 554 crore from Rs 374 crore.
Muhnot said that more stress is likely on account of claims coming in from banks for stress on loans under the Credit Guarantee Trust for Micro and Small Enterprises promoted by Sidbi. It has not shown up yet due to the 18 month cooling-off period, he said.
The net interest margin of the bank also got trimmed to 3.47 percent in FY13 against 3.57 percent last year.
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