Maharashtra Economic Development Council

What Maharashtra Economic Development Council does

Maharashtra Economic Development Council (MEDC) is a non-profit economic think tank constituted in 1957 by all prominent Chambers of Commerce in Maharashtra under the stewardship of Dr. Dhananjayrao Gadgil, former Deputy Chairman of the erstwhile Planning Commission, Government of India. Operating from its headquarters at the Y.B. Chavan Centre in Mumbai's Nariman Point district, the organization serves government bodies, corporates, MSMEs, entrepreneurs, and academic institutions across Maharashtra through a portfolio of research, education, and convening services. Shri Atul Shirodkar serves as President following his election at the 62nd Annual General Meeting in 2024.

MEDC's core products are content-and-event based rather than technology based. The portfolio includes the monthly Economic Digest (a flagship publication with circulation across Maharashtra government bodies and corporate entities), annual Research Papers, the Economic Katta discussion forum featuring eminent speakers, and the annual MEDC Strategy Summit scaled to five Maharashtra cities in 2025 (Kolhapur, Pune, Nashik, Nagpur, Mumbai). The organization also delivers a 30-hour Entrepreneurship Mindset Program for colleges covering idea generation, design thinking, Blue Ocean Strategy, Business Model Canvas, and venture capital pitching, plus economics news and viewpoint articles distributed through medcindia.com. No proprietary technology stack or AI/ML capabilities are evidenced; the platform is fundamentally a content, convening, and capacity-building organization.

MEDC's business model is a hybrid of four revenue streams: recurring patron and partnership membership fees (18 patron members including state enterprises MAHAGENCO, MMRDA, Maharashtra Maritime Board, MTDC, and listed corporates such as Edelweiss, MCX, RCF, and UPL; 21+ partner institutions), event registration fees (Rs. 1,500-3,500 per attendee for the Strategy Summit with early bird discounts), advertising in the Economic Digest, and fees from the advanced entrepreneurship course. The go-to-market motion is event-driven and content-driven, leveraging multi-city summits, monthly publications, and academic institution partnerships rather than a direct sales force or digital funnel. The organization is governed by a member-driven structure with no external private equity or venture capital involvement.

Name

Maharashtra Economic Development Council

Legal name

Maharashtra Economic Development Council

Website

https://medcindia.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

11–50 employees

Short description

Maharashtra Economic Development Council (MEDC) is a non-profit economic think tank established in 1957 by Maharashtra's Chambers of Commerce. It delivers economic research publications, multi-city business summits, entrepreneurship education, and policy forums to government bodies, corporates, MSMEs, and academic institutions across Maharashtra.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: MEDC operates as a membership-based organization offering patron membership and partnership tiers. Members receive policy updates, access to trade body directories, research analytics, and networking opportunities.
2. Entrepreneurship Academy Programs: MEDC conducts a complimentary two-hour introduction session on entrepreneurship, with an advanced 30-hour paid course available for sign-up after the session.
3. Event Registration Fees: MEDC Strategy Summit 2025 charges registration fees ranging from Rs. 1500 (early bird) to Rs. 3500 per attendee across different city events. Fees include breakfast, lunch, and high tea.
4. Advertisement in MEDC Digest: MEDC offers advertising opportunities in its monthly Economic Digest publication, which has extensive circulation across Maharashtra including government bodies and corporate entities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

MEDC is a membership-based economic think tank that provides economic policy research, business intelligence, and networking opportunities to government bodies, corporates, and entrepreneurs in Maharashtra. Its offerings include the monthly Economic Digest publication, multi-city annual MEDC Strategy Summit, Economic Katta discussion forums, and a 30-hour Entrepreneurship Mindset Program for colleges, supported by patron memberships and academic partnerships.

Product overview

Maharashtra Economic Development Council (MEDC) is an economic think tank organization offering a portfolio of research, education, and networking services. The core offerings include the monthly MEDC Economic Digest publication, annual MEDC Research Papers, the Entrepreneurship Mindset Program (30-hour course), Economic Katta discussion forums, and the annual MEDC Strategy Summit spanning multiple cities. MEDC also provides membership services and publishes economic news and activity reports. These services collectively position MEDC as a knowledge-sharing and capacity-building platform for economic development stakeholders in Maharashtra.

Differentiator

Problem solved

Functional benefit

Brands

• MEDC Strategy Summit: Annual business strategy summit organized by MEDC bringing together entrepreneurs, business leaders, and global experts
• Economic Digest
• Economic Katta
• Entrepreneurship Academy

Products and services

• MEDC Economic Digest

Quantifiable outcome

• Extensive monthly circulation of Economic Digest across Maharashtra including government and corporate entities

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

17 partnerships are on record, tiered core and minor.

• Maharashtra State Power Generation (MAHAGENCO)coreStrategic or Co-development Partner · 1 January 1957MAHAGENCO is a patron member of MEDC, representing Maharashtra's state power generation company. As a patron member, MAHAGENCO participates in MEDC's economic policy discussions and initiatives related to energy sector development.
• Mumbai Metropolitan Region Development Authority (MMRDA)coreStrategic or Co-development Partner · 1 January 1957MMRDA serves as a patron member of MEDC, contributing to discussions on metropolitan infrastructure development and urban economic planning in the Mumbai region.
• Maharashtra Maritime BoardcoreStrategic or Co-development Partner · 1 January 1957Maharashtra Maritime Board is a patron member, participating in MEDC initiatives related to maritime logistics and port-led economic development.
• Maharashtra State Electricity Transmission Co. Ltd (MAHATRANSCO)coreStrategic or Co-development Partner · 1 January 1957MAHATRANSCO is a patron member contributing to energy infrastructure policy discussions and economic development initiatives.
• Maharashtra Tourism Development Council (MTDC)coreStrategic or Co-development Partner · 1 January 1957MTDC partners with MEDC as a patron member, contributing to tourism sector economic development initiatives in Maharashtra.
• Rashtriya Chemical and Fertilizers LimitedcoreStrategic or Co-development Partner · 1 January 1957RCF Ltd is a patron member participating in MEDC discussions on chemical and fertilizer sector policies affecting agriculture and industry.
• Multi Commodity Exchange of India Ltd (MCX)coreStrategic or Co-development Partner · 1 January 1957MCX is a patron member contributing to commodity market policy discussions and economic analysis through MEDC.
• EdelweisscoreStrategic or Co-development Partner · 1 January 1957Edelweiss Financial Services is a patron member providing financial sector insights and participating in economic policy discussions.
• Wilson CollegeminorStrategic or Co-development PartnerWilson College partners with MEDC for academic-industry collaboration, research initiatives, and student development programs.
• Atlas Skilltech UniversityminorStrategic or Co-development PartnerAtlas Skilltech University partners with MEDC for skill development and entrepreneurship education programs.
• Maharashtra State Skill UniversityminorStrategic or Co-development PartnerMSSU partners with MEDC for skill development initiatives aligned with Maharashtra's economic development goals.
• MIT ADT UniversityminorStrategic or Co-development PartnerMIT ADT University collaborates with MEDC on academic research and entrepreneurship programs.
• MET Bhujabal Knowledge CityminorStrategic or Co-development PartnerMET Institute of Management partners with MEDC for management education and industry collaboration.
• Green Hydrogen ConclaveminorGTM or Marketing PartnerGreen Hydrogen Conclave partners with MEDC for the GH2 initiative focused on renewable energy and green hydrogen sector development.
• Global Alliance for EntrepreneurshipminorStrategic or Co-development PartnerGlobal Alliance for Entrepreneurship collaborates with MEDC on entrepreneurship development initiatives.
• C4i4 LabminorStrategic or Co-development PartnerC4i4 Lab partners with MEDC for research and innovation initiatives.
• CEPA INDIAminorStrategic or Co-development PartnerCEPA INDIA collaborates with MEDC on economic policy research and analysis.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• FICCI: Federation of Indian Chambers of Commerce & Industry, a pan-India apex chamber running conferences, policy committees, and research — a broader incumbent operating at national scale.
• PHD Chamber of Commerce and Industry: National industry chamber running policy events, business conferences, and knowledge reports — comparable in event-and-research GTM but operating across India rather than a single state.
• ASSOCHAM: Associated Chambers of Commerce and Industry of India, a national chamber running sector councils, conferences, and policy research overlapping MEDC's offerings at a wider geographic scale.
• Confederation of Indian Industry (CII): India's largest national industry association offering events, policy advocacy, and research across states — a broader incumbent against which MEDC competes for Maharashtra corporate attention.

Others

• All India Management Association (AIMA): National apex body for management in India running management education, events, and competitions — comparable in the training/events segment where MEDC's Entrepreneurship Academy operates.
• Indian Council for Research on International Economic Relations (ICRIER): Policy-oriented economic research think tank producing working papers and policy briefs — adjacent peer on the economic-research and policy-advisory side of MEDC's work.

Direct peers

• Bombay Chamber of Commerce and Industry: Mumbai-headquartered, Maharashtra-focused business chamber offering policy advocacy, events, and research to corporate members — a direct comparator in geography and product offering.
• Indian Merchants' Chamber (IMC): Mumbai-based century-old business chamber running policy forums, events, and research for Maharashtra corporates — overlapping directly with MEDC's member base and event-driven GTM.
• Maharashtra Chamber of Commerce, Industry & Agriculture (MACCIA): State-level Maharashtra trade body that, like MEDC, aggregates regional industry voices and runs policy and networking programs — closest peer on geography and mandate.

Emerging players

• National Council of Applied Economic Research (NCAER): India's oldest economic think tank producing research, surveys, and policy inputs — comparable to MEDC on the research-and-policy advisory dimension, though at national scale and with deeper survey capability.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/medcindia
• Facebookfacebook.com/medcindia
• Instagraminstagram.com/medcindia
• LinkedInlinkedin.com/company/medc-india

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maharashtra Economic Development Council