DEFINITION OF SMI

SMIs   stands for “Small and Medium Industries”.
SMEs stands for “Small and Medium Enterprises”.

These groupings are decided based on EITHER

  • the number of people a business employs OR
  • on the total sales or revenue generated by a business in a year.

SMI company is a company with:

  1. Full-time employees not exceeding 150
  2. Annual sales turnover of not exceeding RM25 million.
  3. Incorporated under the Companies Act 1965,
  4. Involved in the manufacturing sector.  

SMI Comprises of :

Small scale company

 

A company with an annual sales turnover of less than RM 10 million and not more than 50 employees.

 

Medium scale company

 

A company with an annual sales turnover between RM 10 million to RM 25 million and has between 51 to 150 full-time employees.

 

To view the Guidelines on "Definitions for SMEs in Malaysia", which was released by the National SME Development Council (NSDC) on 13 September 2005, please click on the link below :

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