Small Industries Development Bank of India (SIDBI) in collaboration with United Nations-Asian Pacific Centre for Transfer of Technology (UN-APCTT) had established Technology Bureau for Small Enterprises (TBSE) to bring synergy between Technology and Finance for SME sector. With the opening up of economy the technology needs of this sector have started assuming greater importance. TBSE scales of operations have, therefore, been widened and deepened by the incorporation of 'India SME Technology Services Ltd. (ISTSL)'.

The shareholders of the company are Small Industries Development Bank of India, State Bank of India, Oriental Bank of Commerce, Indian Overseas Bank and Indian Bank.