CMIE in its endeavour to upgrade Prowess TraX has revamped its
Products and Services Classification. The modifications in the CMIE
Products and Services Classification is in response to the users who
sought rigorous classification of Prowess TraX companies.
Over the years, it was observed that the users found it
difficult to find accurate Product and Services classification for
their data analysis. CMIE’s tremendous effort on the revision
of the Products and Services classification has lead to addition,
re-classification and renaming of many products and services. Also,
certain products and services have been dropped.
A total of around 6100 products and services were available in the
CMIE’s products and services classification tree earlier. We have added
130 new products and services to the classification, increasing the
total count of products and services to more than 6250.
Around 400 products and services have been re-classified
i.e. their parent product classification has been changed and such products and
services have been moved to a different group of products classification which
is more appropriate as compared to the previous classification.
A total of 275 product and services names have been
renamed. Further, 34 products and services have been renamed and
re-classified into different product groups.
An imperceptible number of product and services have been dropped from
CMIE’s classification. Only 67 products and services
have been dropped from the classification but the data mapped to them has
not been deleted from the database. The data has been shifted to the
appropriate new or the old product and service classification.
All the above changes have resulted in change of codes associated
with all the products and services. The old codes have been mapped to the
new codes to ensure apt classification of the products and services and
its data post transition. Though all the codes have changed, there will
be many products with the same name as in the earlier classification.
The new products and services classification is now available
in the following Stages:
Stage 2: Find comparables using main product/service
Stage 3: Find comparables based on products produced/traded
Stage 4: Find comparables based on grouping of products produced/traded
Stage 6: Find comparables using business segment-wise information
The old product and services codes will no longer exist and
thus will not be understood by the above mentioned Stages. To
ensure smooth transition, we believe our users should be aware of the
mapping of the old product codes to the new product codes.
Users can download an excel file containing the mappings by clicking
on the link given below:
The excel file contains two sheets; ‘Old to New
Mapping’ and ‘Mapping of Dropped codes’. The sheet ‘Old to New
Mapping’ provides mapping of the old product codes to the new product
codes. The sheet ‘Mapping of Dropped codes’ provides mapping of
the dropped products to the newly added or the old products.
CMIE will help the users in this transition. For the users who
make a request for revised .tcu file on the ‘Seek Clarifications’
platform, the affected .tcu file will be modified by CMIE by replacing
the old product codes with the new product codes. For more details in
this regard, please refer to our announcement
Products and Services Classification to undergo revision.