Company of the year 2022

A RIVETING NARRATIVE OF SOME INTRIGUING BUSINESSES...

Writing an editorial note for our neoteric editions released every month is a sigh of relief from the pressure of ‘typical’, day-to-day business writings for me. Thereby, I couldn’t help but pour my heart out in every single writing, where I can address diverse topics and deliver my insights to our global community. And ‘Company of the year’ editions never disappointed me to offer this opportunity here and there.

In this avant-garde offering, we heartily focused on the achievements of some successful ventures, flagging their name across the business fraternity. I avidly opine that all our exclusively picked entrepreneurial stories will not fail to draw your attention in a manner that you will be glued to this captivating read for hours. As our brand new edition- Company of the Year 2022- brings you a series of phenomenal reads, we are adamant to assert the significance of adept ‘storytelling’ techniques to allow effective cerebral engagement of our adored readers. Somewhere, I came across a statement that a well-constructed story impacts our behavior, belief and even values. Ergo, with this special issue that puts forth some inspiring accomplishments of a few flourishing businesses, we aspire to add substance in the same direction.

With the steadfast willingness to flag a name in their respective domain, the companies featured in this avant-garde issue have showcased their exclusiveness and proved their knack in the respective space. Thereby, take a deep dive into the pool of profoundness made up of a collective of striking narratives that will be a high dose of entrepreneurial motivation to the business enthusiasts.

Having said that, our cover story depicts a stimulating story of a new-age business venture that assists businesses by extending financial support. Yes, it is none other than Moneyboxx Finance Limited that poses as a catalyst to the financial environment. The entrepreneurial voyage of the co-founders of the company- Deepak Aggarwal and Mayur Modi is indeed intriguing as well as fascinating. As we conducted a tete-a-tete with the duo, they enlightened us on various aspects of their business portfolio. We are certain that their success narrative will not fail to amaze you in the most unimaginable ways.

Likewise, there are several other productive ventures that not only carved out a market for themselves but also, proved their prolific streak to make a difference to the targeted audience. Our diligent team of professionals has made persistent efforts to create this edition for delivering effectively engaging content to our global audience, hence; we hope you will enjoy reading this as much as we enjoyed its creation. Moreover, don’t forget to read out additional informative articles ingrained in this issue to enhance your knowledge of the latest global happenings. At last, I bid you all adieu by wishing health and well-being on behalf of the Business Connect family.

Kajal Dobhal Kajal@businessconnectindia.in

Vol - 5 | Special Edition | December 2022

Publisher & Editor : Abhishek Kumar Dubey

Editorial Team

Indranil Roy | Kajal Dobhal | Sugandh Bahl | Gulshan Parveen | Dr. Amit Mishra Avishek Singh | Kriti Anand | Sanjay Kumar

Business Head

ASHISH KUMAR

Senior Marketing Manager Sonia Tiwari

Senior Relationship Manager Reshmi Mishra

Corporate Team

Satyam Singh | Sunny Pathak | Asha Dudeja | Pradeep Pandey | Reetu Chauhan | Komal Verma Sudha Gupta | Javed Khan | Vikash Kumar | Archna Pawar | Vijender Saroj | Mohit Rathee Abhishek Mishra | Kazim Barati |Navdeep Sharma Co-ordinator (Business Connect-Clients) Anita Kumari | Priyanka Gupta Data Research & Analysis

Satyam Tiwari | Amit Kumar | Anita | Ravinder Singh | Rahul Kumar | Sweta | Shweta Kumari Prince | Virat Tiwari | Ritika | Rekha | Simran | Khusboo | Hitesh | Raja Finance Team Monika Aggarwal | Gaurav Singhal | Jyoti

Creative Director

ASHUTOSH OJHA

Creative Team

Rajat Pathak | Sakshi Negi | Vishant Saroj | Pawan Yadav Legal Affairs Mukesh Kumar Human Resources Nivedita Basu

Digital Marketing Manager Anurag Tiwari

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LIMITED

By giving credit to borrowers who are underserved, Moneyboxx Finance Limited acts as a catalyst in the financial environment, transforming lives and promoting financial inclusion. It is BSE-listed NBFC catering to the unmet credit needs of microenterprises in Tier III and below places in India. It was established in 2019 with the goal of promoting financial inclusion and offering tech-enabled, cost-efficient, and transparent financing to underserved micro enterprises.

Deepak Aggarwal Co-Founder

Puja | Business Connect

With financial inclusion at its core, it provides unsecured and secured business loans from INR 70,000 to 7,00,000 with tenure ranging from 12 to 60 months to meet the credit needs of microentrepreneurs in essential sectors (livestock, Kirana, retail traders, and micro-manufacturers). They are transforming lives of underserved borrowers by enabling multifold increase in their income over loan tenure by granting credit for the purchase of assets, working capital, and income creation. Headquartered in Gurgaon, Moneyboxx has successfully scalped up its presence to 50 branches across six states (Rajasthan, Madya Pradesh, Haryana, Punjab, Uttar Pradesh, and Chhattisgarh) as of Nov’22.

Mayur Modi

Co-Founder

In addition to directly offering loans for income generation to underserved borrowers, Moneyboxx also offers local talent job opportunities, contributing to the inclusive growth of the local economy. Additionally, as part of their impact programmes, they employ full-time veterinarians in branches to counsel livestock borrowers on cattle health, nutrition, and breed improvement to enhance milk yield. The firm is also undertaking sustainable farming efforts, which will significantly increase borrowers’ agricultural revenue. These activities include the free distribution and upkeep of fruit-bearing plants to dairy/agri borrowers through CSR tie-ups and internal contributions. The agro-forestry initiative’s effects will be significant and long-lasting: The improvement of borrower income, the protection of the environment through soil conservation and improved air quality, and the sustainability of food sources.

SERVING THE UNDERSERVED

Rural India, which has a population of 65% and a GDP contribution of 47%, is vital to inclusive growth, however it received only 9% of the bank credit as of March 2021. With more than 225 lenders offering microfinance loans (average ticket size of less than INR 50,000) microfinance borrowers have adequate access to credit. Though such a small sum of loan is insufficient for the borrower to buy even 1 nice herd of cattle or another revenue-producing asset, let alone change their income profile significantly. While access to credit for the microfinance borrowers at the bottom of the pyramid has improved with outstanding credit of INR 2.87 trillion as of March 2022, there is a significant credit gap for the missing middle segment (loans between INR 50k and INR 10 Lakhs), which had outstanding credit of INR 1.02 trillion as of March 21. Mayur Modi and Deepak Aggarwal co-founded Moneyboxx Finance to address the unmet credit demands of the “missing middle” of borrowers in light of this vast credit gap and its significant potential for financial impact.

Moneyboxx is driving financial inclusion by addressing unmet credit needs of the missing middle segment (INR 1 – 10 Lakhs). With cumulative disbursements of over INR 350 crores up to Nov’22, Moneyboxx has so far transformed lives of more than 22,000 borrowers of which 35% were first-time borrowers, while around 45% were women entrepreneurs. Moneyboxx is committed to creating sustainable social impact by bringing transformational change in the income of its borrowers. By extending loans for income generation opportunities, they are enabling a multi-fold rise in the borrowers’ disposable income and creating an impact that goes beyond capital. A typical livestock borrower is able to double their income and livestock count within three years with the help of Moneyboxx business loans.

The Key

Differentiating

Factor – Tech-driven Scalable Business Model

Moneyboxx has successfully been able to service this MFI+ segment through its unique ‘phygital’ model, which leverages technology for scalability and efficiency while ensuring strong customer connections through on-ground presence, resulting in better underwriting and collection efficiency. There are several different competitive advantages. With proven business model in impact financing, the Moneyboxx has not only won over the trust of 22 lending partners, a few NBFCs have also started colending partnerships with them, and few banks are considering a large partnership model with the company.

Given the soundness of its business model despite the epidemic, Moneyboxx is also regarded as a benchmark for NBFCs in its segment. Moneyboxx uses a relationship officer-assisted sourcing methodology and uses a fully digital workflow from loan application to payout through collections. It has implemented robust cloud-based, integrated loan management platform for quick, cost-effective operation scaling.

i. Sourcing – An entirely digital collection of data: Using a direct-to-customer sourcing approach, Loan Relationship Officers of Moneyboxx generate direct customer leads and do not use any DSA or third-party loan sourcing models, putting emphasis on relationship-based business rather than product-based approaches and efficient credit underwriting. Field officers collect all key data points digitally using a mobile and advance the proposal for credit evaluation.

ii. Robust credit evaluation & underwriting: While credit underwriting in the segment is challenging given lack of adequate business documents, Moneyboxx has proven and strong underwriting model which uses non-traditional and non-financial alternative data sources and proprietary sector-specific scorecards and advanced analytics. It has one of lowest credit costs in its segment with less than 1% GNPA despite pandemic.

iii. Customer onboarding, disbursements & collection: Moneyboxx employs a fully digital strategy, including loan documentation that is e-signed, to make the onboarding process quick, simple, and effective. All payments are made electronically and through financial channels.

In addition, Moneyboxx is possibly the only NBFC in India which is hiring Vet doctors on a full-time basis in its branches to help its livestock borrowers in improving milk yield, improve cattle breeds through artificial insemination and take better care of cattle health.

Moneyboxx’s Take on Innovation

Innovation is an integral part of the DNA here. In order to better understand its consumers, the company uses technology for everything from data capture and credit scoring through approval, disbursement, collection, reporting, and analytics. This is known as a “phygital” business model. Although Moneyboxx uses a relationship officer-aided methodology for sourcing, the entire process, from onboarding to loan documentation to disbursement and collections, is conducted entirely online.

Moneyboxx has taken a fully digital approach to ensure easy and transparent access to credit, from customer onboarding through loan documentation to disbursements and collections. It has been able to profit from cost-effective digitised procedures, analytics, and decision-making because of significant investments in IT infrastructure for cloud-based integrated loan management software. Moneyboxx is also known as a cuttingedge, technologically advanced financial organisation that promotes economic growth by providing transparent finance to neglected micro businesses.

Key Milestones achieved by Moneyboxx

With loan disbursements of more than INR 350 crores up until November 2022, the company has successfully expanded to 50 branches across six states in just 3.5 years after it began operations in February 2019. The number of active customers multiplied, rising from 2,885 in March 2020 to 6,789 on March 21 and 11,468 on March 22 to reach about 19,000 as of November 2022. The company’s AUM increased from INR 29.9 crore in March 2020 to INR 63.25 crore on March 21 and then to INR 121 crore on March 22. This growth occurred at a 101% CAGR from FY20 to FY22. At the end of November 2022, AUM was INR 215 crores.

Employee count increased from 127 as of Mar’20 to 228 as of Mar’21, 313 as of Mar’22, and is now at 600 as of Nov’22, in keeping with business growth and regional development. Due to increased branch productivity and the opening of new branches, the company’s total income more than doubled from INR 11 crore in FY21 to INR 23.3 crore in FY22. Income increased by 95.4% from the prior year to INR 18.6 crore in H1 FY23.

Moneyboxx has so far transformed the lives of more than 22,000 borrowers, of which 45% were women entrepreneurs and 35% were first-time borrowers. The company is enabling a multi-fold increase in the disposable income of borrowers by providing credit for asset purchase, working capital and income generation purposes, thus creating a sustainable impact beyond just capital. Its livestock borrowers are able to double their income and livestock count in three years.

To assist dairy farmers in increasing milk production and the well-being of their cattle, Moneyboxx may be the only NBFC in India to employ veterinarians at its branches. In just its third year of business, Moneyboxx published a thorough social impact study. It aims to impact 1 million lives over the next five years.

Key Principles of Moneyboxx

Financial inclusion is at the heart of the business! Their vision is to be the ‘Lender of Choice’ for micro-entrepreneurs in India. To support their objective and common vision, they just began an organization-wide campaign called “One Team, One Dream.” Their most valuable resource is the human capital, and the HR, Learning & OD team plays a critical role in finding the right individuals, offering training, and ensuring that the team is working toward the common goal and meeting stakeholder expectations.

Their work atmosphere encourages open communication and a collaborative approach, and trust, justice, and openness are the organization’s three guiding principles. Given the robust expansion goals, the Company provides one of the greatest compensation packages in the sector, including benefits, incentives, and ESOPs. Additionally, there are several career prospects inside the Company at various levels. One of their most precious assets is human capital, and they continually invest in the team.

Accomplishments on the Way

Based on its noteworthy initiatives for financial inclusion, women empowerment, and beyond-lending projects, including fulltime impact officers/vets at branches and agro-forestry initiatives, Moneyboxx Finance has been nominated by the Michael & Susan Dell Foundation for a two-year study. In just its third year of business, Moneyboxx published a thorough social impact study. With the loan activities, we promote financial inclusion: About 45% of Moneyboxx clients that borrow money are women, whereas 35% of consumers are NTC (New to Credit) borrowers.

Moneyboxx has been conferred with prestigious awards for its commendable work in impact financing and digital initiatives. 22 institutional lenders, including the country’s leading bank State Bank of India, IDFC First, and DCB Bank, have posed confidence in Moneyboxx’s business model, underwriting capabilities and contribution to impact financing.

Future Outlook

The Company aims to impact over 1 million lives over the next five years. As part of its Business Plan, the Company plans to expand its branch network from 30 as of Mar’22 to 60 by Mar’23 and 105 by Mar’24. From an AUM of INR 121 crore as of Mar’22, it targets to reach an AUM of INR 350 cores by Mar’23 and INR 2,000 crores by Mar’25.

In the past three and a half years, the company has effectively scaled up operations and raised equity of INR 70 crore and debt of over INR 300 crore. It has a target of raising INR 130 crore in equity in FY24 for which it is in talks with institutional investors and impact funds.

Lakshmi Mittal How a B. Com Graduate Became World’s Largest Steel Maker?

Lakshmi Niwas Mittal, who now lives in the United Kingdom, is a steel mogul from India. He is the Executive Chairman of ArcelorMittal, the world’s second largest steelmaker, as well as the Chairman of Aperam, a stainless-steel manufacturer. Mittal was named third richest person in the world by Forbes in 2005 and world’s sixth richest person in 2011. He is also the “57th-most powerful person” among the 72 people featured in Forbes’ 2015 “Most Powerful People” list. The wedding of his daughter Vanisha Mittal was the secondmost expensive in recorded history.

Quick Facts:

• Name: Lakshmi Niwas Mittal

• Nationality: Indian

• Net Worth: US$ 17.4 billion (December 2022)

• Education: B. Com from St. Xavier’s College, University of Calcutta.

• Occupation: Industrialist

• Designations: Executive Chairman of ArcelorMittal

• Date of Birth: June 15, 1950

• Age: 72

• Place of Birth: Sadulpur, Rajasthan, India

• Marital Status: Married

• Spouse’s Name: Usha Mittal

• Children: 2; Aditya Mittal, a son, Vanisha Mittal, a daughter

• Hobbies: Watching & Playing Football and Cricket, Going to Grand Prix Events,

Early Life

Mittal was born on June 15, 1950 in Sadulpur, Rajasthan, to a Rajasthani Marwari family. From 1957 to 1964, he attended the Shri Daulatram Nopany Vidyalaya in Calcutta. He received a B.Com degree in the first class from St. Xavier’s College, associated with the University of Calcutta. Mohanlal Mittal, Lakshmi’s father, owned a steel company called Nippon Denro Ispat.

Career

Mohanlal Mittal, the father of Lakshmi, was the owner of Nippon Denro Ispat, a steel company. Because of the restrictions imposed on the manufacturing of steel by the Indian government, Mittal, who was 26 at the time, founded his first steel factory, PT Ispat Indo, in Sidoarjo, East Java, Indonesia, in 1976. The state-owned steelworks of Trinidad and Tobago, which were making a huge loss, were purchased by Mittal in

Lakshmi Mittal CEO, ArcelorMittal

1989. In a year, he turned them into successful businesses. The family’s primary assets in India up to the 1990s were an alloy steels facility close to Pune and a cold-rolling mill for sheet steels in Nagpur. His younger brothers Pramod Mittal and Vinod Mittal currently oversee the family firm, which includes a big integrated steel factory close to Mumbai, but Lakshmi has no involvement in it.

Mittal paid the Irish government a minimal fee of just one Irish pound in 1995 to buy the Irish Steel facility in Cork, Ireland. It was shut down in 2001, six years after it first opened, laying off about 400 people. Since then, the facility has experienced environmental issues that have attracted criticism. The Irish government attempted to get the High Court to rule that Mittal’s company should foot the bill for cleaning up Cork Harbour, but they were unsuccessful. The cleaning was projected to cost €70 million. Prior to December 2001, Mittal bought properties that he dubbed Ispat Mexicana and his firm in Kazakhstan Ispat Karmet. Sidex Galati, which he had bought in November 2001, was renamed Ispat Sidex in that month.

The day after purchasing the PHS Steel Group from the Polish government, which included Huta Sendzimira, Huta Katowice, Huta Florian, and Huta Cedler, the LNM Group was able to complete the $155 million transaction to free the Romanian government’s hold on the steel assets Siderurgica Hunedoara and Petrotub Roman.In the follow-up, Ispat Tepro became the new name of Petrotub Roman.

Mittal was successful in influencing Polish politicians during the 2003 privatisation of PHS steel group, which at the time was Poland’s largest steel producer, by using Marek Dochnal’s consultancy. Dochnal was later detained for bribing Polish officials in a different incident on behalf of Russian spies. In March 2007, the Polish government indicated that it was looking to renegotiate the 2004 sale to ArcelorMittal. After numerous

fatalities in his mines, Mittal’s workers accused him of tolerating “slave labour” conditions. For instance, in December 2004, 23 workers died in explosions at his mines in Kazakhstan as a result of malfunctioning gas detectors. Mittal’s hostile takeover effort of Arcelor in 2006–2007 was successful, and the business was renamed ArcelorMittal. He acquired ownership of a number of steel businesses as a result, including Usinor of France, Arbed of Luxembourg, and Aceralia of Spain.

Personal Life

Usha is Lakshmi Mittal’s wife. They have two children: Aditya Mittal, a son, and Vanisha Mittal, a daughter. Lakshmi Mittal got two brothers, Pramod Mittal and Vinod Mittal, along with a sister, Seema Lohia. She is married to Sri Prakash Lohia, who is an Indonesian businessman. Mittal purchased No. 9A Palace Greens, Kensington Gardens, previously the Philippines Embassy, for £70 million in 2008 for his daughter Vanisha Mittal, who is married to billionaire and philanthropist Amit Bhatia. Mittal hosted a sumptuous “vegetarian reception” for Vanisha at the Palace of Versailles in France.

Awards and honours

He received the “Steelmaker of the Year” award from New Steel in the US in 1996 and the “Willy Korf Steel Vision Award” from World Steel Dynamics in 1998 for his exceptional foresight, entrepreneurship, leadership, and achievement in the growth of steel worldwide. For his great business accomplishments, he was named the “European Businessman of the Year” by Fortune magazine in 2004, “Business Person of the Year” by the Sunday Times, and in 2006 he was declared “Person of the Year” by the Financial Times. King’s College London gave Mr. Mittal a Fellowship in January 2007, which is the highest honour bestowed by the institution. Lakshmi Mittal received Padma Vibhushan, India’s second-highest civilian award, in 2008 from the Government of India. In the same year Forbes magazine conferred him a Lifetime Achiev

Ascentia Helping Organizations Ascend To New Heights

Shiju P.

Founder and Managing Director

Kriti | Business Connect

Ascentia is a Corporate Services Provider based in the United Arab Emirates, with offices in Dubai, UAE, and Kerala, India. It is an enterprise completely equipped to assist levels of organizations ranging from start-ups to established corporations ready to take the next step, in reaching the highest degree of success. Here’s a glance at the esteemed enterprise and its journey through the years.

Company Overview

Shiju P. is Ascentia’s Founder and Managing Director. Ascentia is one of the fastest growing organizations with expertise in Financial Management, headquartered in the United Arab Emirates (UAE), a country that offers ample prospects for growth in a stable and thriving economy. Ascentia’s in-house team includes qualified Financial Experts, Chartered Accountants, Management Accountants, Cost Accountants, and a Master of Business Administration. About UAE, Mr Shiju states, “UAE is an innovative market, and the visionary leaders always follow the latest technology, so we also follow the same. It’s a market to grow.”

Ascentia Group offers the following services in order to find the greatest value opportunities for its clients and handle their most likely critical challenges: Audit & Assurance: A company’s value in Audit & Assurance begins with ensuring the accuracy of a company’s financial information. Ascentia Business Consultancy Services offers specialized and cost-effective accounting and business advisory services.

Accounting & Reporting: Ascentia provides a wide range of accounting services to meet the financial demands of any business in the global market. Banking Solution: As part of its Business Support Services, it can help open a bank account in Dubai, since Ascentia Services is affiliated with major banks in the UAE. HR & Payroll Services: Ascentia provides companies with the knowledge and skills required to ensure compliance and implement best practices in human resources.

Inventory Management: Ascentia helps clients with the entire inventory verification process, with all that inventory verification entails among other things. Furthermore, it assists clients with Business Setup in the Mainland (Dubai), Free Zones, and Offshore, as well as Liaison with Government Officials and the Business Community. Technology Consultancy, Tax Consultancy, and BPO Services. Financial advice and mortgages, Business Advisory and risk compliance, Immigration and document attestation services,

ESR, UBO, CBCR & AML Compliance, Trademark, ISO, ICV, and PRO Services, and Corporate Tax Advisory Services are also available.

Core Values of The Company

Ascentia believes in offering its clients Smart Business Solutions. It aims to re-engineer breakthrough meta-services and premium architectures while also incubating intuitive opportunities and real-time potentialities. Some of the company values that keep Ascentia on the correct course of action include:

• Consistency: Podcasting operational change management inside of workflow.

• Improvement: Dynamically innovate customer service for customers.

• Branching: Pursue scalable customer service through sustainable potentialities.

• Investment Plan: Appropriately empower dynamic leadership skills after business portals.

The company’s objective is to provide consumers with highquality, value-added professional services.

Its vision is to become the region’s most trusted leader in professional management, technology consulting, and outsourcing firms.

Its values include low-cost solutions, professional ethics, information confidentiality, individualized service, and proactive business advisors.

In the United Arab Emirates, Ascentia Corporate Services specializes in Audit, Taxation, Management, and Administration. They take pride in providing high-quality services through a dedicated and motivated team of experienced professionals.

“We are fortunate to have the most talented and competent staff in our team, with years of market experience, joining heads to help businesses to grow. We always believe in teamwork and the right attitude, that’s a key value behind our success,” elaborates Mr Shiju.

Ascentia is a resource-oriented firm, and its personnel are critical to its success. Continuous learning in terms of knowledge and readiness to embrace new technology boosts the team’s confidence level. The leadership team proposes that team members function autonomously and lessen their reliance on seniors to urge his team to go the additional mile. They believe it will boost their motivation and confidence in their current position.

Work Culture

Ascentia is a firm believer in the value of collaboration, both internally and with the clients. They value solid, long-term connections founded on mutual trust. Because the management owns the entire firm, the team is able to function autonomously and always with the best interests of the clients as their first priority. Plus, the client has a partner they know on their side with a single point of contact responsible for the day-to-day managing of the business. The team looks forward to forming a mutually beneficial and long-term partnership with each potential client.

Business success in today’s global marketplace increasingly necessitates active trading participation in international marketplaces. Emerging enterprises often work in quickly changing industries that value expertise, speed, and efficiency.

The methods of entry may differ - Internet, exporting, licensing, commercial agents, distributors, strategic alliances, joint ventures, overseas manufacturing or sales subsidiaries - but international expansion will invariably involve unfamiliar legislation, regulations, and processes, as well as international legal and tax considerations. As experts in management and administrative services, Ascentia knows the value of maintaining long-term client relationships. The primary goal is to get the customer up and running as quickly as possible, and then to focus on providing continuous support services to preserve good standing. Ascentia’s team works as an extension of the client’s team, alongside their legal and tax advisers. Large businesses, SMEs, (Ultra) High Net-Worth Individuals, and private clients are among Ascentia’s clients. Much of their knowledge stems from their interactions with clients and contacts with a diverse network of service providers.

At Ascentia Corporate Services, we have the most experienced and dedicated team of business managers & consultants to provide professional and standardized business management & Administration Services in the United Arab Emirates. Over the years, we have helped hundreds of businesses to survive & grow with our fully-calculated and reliable business strategies and management services

Whether it’s about business taxation, bookkeeping or auditing, etc services, our proficient staff will deliver work & reporting according to market standards, fully organized and acceptable at every platform.

Conclusion

With its professional company management services and resilience business administrative assistance, Ascentia has helped many businesses stand and flourish throughout the years. They think that every satisfied customer is a success story that adds value to their services.

Mr Shiju P.

Over the next ten years, Ascentia aims to become one of the largest corporate service providers in the GCC Region supporting large MNCs and SMEs.

“Always recommend to hold three core values in your life: Positive attitude, adapting knowledge and technology, and building relationships.”

IMPRINT: A REVOLUTIONARY TOOL TRANSFORMING THE AI ARENA

| Business Connect

Business Connect is renowned for its remarkable editions comprising success stories of leading business ventures across the globe. And here again, we are back with our latest edition, ‘Product of the Year 2022’ entirely dedicated to some outperforming products in the market delivering amazing results in making the business space a better place.

Our editorial team had an interesting and joyful virtual session with the leadership panel of Asti Infotech where the CEO of the company, Mr. Mahendra Pratap shared numerous lesserknown facts about the company and also explained their unique field force monitoring product in detail. We truly hope and desire that this fascinating read will add some extra value to the lives of our global readers and will encourage them to break the barriers and chase their dreams.

COMPANY PREFACE

Pratap CEO

Narrating his company’s exclusive portfolio in his own words, Mahendra asserts, “Asti Infotech is one of the leading SaaS product companies. We offer customized business solutions around optimization and efficiency enhancement of business processes through automation. We employ state-of-the-art IoT, Artificial Intelligence, Machine Learning, and Image & Video Processing technologies to

ensure the accuracy and reliability of all our solutions, thereby combining human acuity with machine intelligence. Moreover, our mobility-based solutions allow flexibility of access, real time information to improve visibility, transparency and productivity of moving assets. An array of unique tracking solutions meets diverse customer needs ranging from the safety of school-going children and smarter fleet management to enabling end-to-end workforce automation. Our video-based solutions allow our clients to replicate personalized interactions through digital collaborations, e-customer identification, collaborative troubleshooting, and live video shopping.”

IMPRINT: A Remarkable Tool

IMPRINT Field Force Management and Automation Solution for performance improvement uses the latest technologies like AI-ML to solve workforce management problems in today’s digitally driven business landscape. Team Asti has created a newage workforce automation solution that enhances productivity and enables 360-degree monitoring of field force. Some of the significant capabilities & features of IMPRINT include:

• IMPRINT goes far beyond simple tracing of coordinates and offers smart modules that simplify the life of business managers with attendance management, expense management, knowledge base, and lead management.

• It offers VOIP calling feature with a power dialer wherein a dedicated number can be used for inbound and outbound calls by the sales team, thereby capturing all leads and responding promptly to clients anywhere on the globe. Complete customersales agent communication is covered and available for audit as well as future use & planning.

Mahendra

Gulshan

• It enables internal (within the team) and external (with clients) communication via integrated video conferencing.

• The smart e-mail tracking and cross-platform communication features ensure that customer interaction over the entire range of platforms (website, social media, LinkedIn, etc)

are captured and no leads are lost. It enhances visibility in all customer interaction to make it auditable and help in identifying training needs on various aspect of communication.

• Provides better resource planning & workforce optimization with the help of business intelligence generated using AI and deep learning technology. Sales reports, insights into the sales pipeline as well as forecast analysis are available on fingertips.

• Field workforce is empowered to quickly respond to clients, optimize routes and avail 24X7 help during client visits. Automation results in huge time savings, higher sales, reduction in operation costs, and as much as 15-30% enhancement in the efficiency of the entire team.

Explaining his motive to work and proceed to the idea of Imprint, Mr. Mahendra asserts, “Field workforce monitoring & management is crucial as it delivers 70-80% of the revenue share. It works on the principle that lesser time spent on manual tasks translates to higher productivity and sales. Also, complete hold over all channels of communication (web, social, e-mail, LinkedIn, etc), ensures faster lead conversion, quick response to client issues, and thus enhanced revenues.

He further adds, “We picked this idea as we felt that the existing tools offered inconsistent and incomplete means for customercentric communication and day-to-day task management of the workforce. Thus, we decided to develop a smooth, seamless, and effortless solution to address these insufficiencies. Some of the challenges that we identified include:

• Absence of a single platform to manage all aspects of field force monitoring.

• Out of the multiple activities used by companies to boost sales, many important ones remained unseen and couldn’t be analyzed. E.g. leads from a plethora of social media platforms were missed out.

• Sales teams lost track of conversation and follow-up timelines while juggling multiple platforms.

• Lack of complete data to smoothly manage sales pipeline and inventory.

• Many missing pieces and inputs to generate reliable predictive analytics and improve financial planning.”

THE DIFFERENTIATING ELEMENTS

Imprint Improves Productivity & Workforce Efficiency As:

• Nearly 90% of the processes are automated: which translates to a 15-30% improvement in efficiency, a 25% increase in Revenue, 30% Lead Conversion, transparency, and scalability.

• Reduces fake billing by 90-92% and eliminates human errors by 80-85%.

• With a 98% reduction in paperwork, IMPRINT boosts the productivity of the workforce and results in huge time & cost savings for the company. This also helps in reducing

carbon footprint of businesses.

• More accurate analytics reports for better financial planning.

• Allows managers to track the status of every field visit from initiation to completion, thereby providing access to key insights through analytics.

• Real-time, digitized documentation ensures all important data is available at a centralized knowledge base.

What sets Imprint Apart?

• As compared to other half-baked solutions, Imprint covers all aspects of monitoring, reporting, analysis, and crossplatform communication associated with field workforce and their customers.

• It offers a user-friendly Interface that can be adopted quickly and integrated seamlessly with existing systems.

• Imprint gets linked to the back office or any third-party legacy system with the use of customized web services or client-side APIs.

• The inclusion of multi-faceted virtual collaboration and communication modules

• Capturing & analyzing data from all sources to get the complete picture by using predictive analytics

FUTURE PLANS

Imprint’s future roadmap includes a powerful 360-degree approach that not only manages the field workforce but also enables background verification and monitoring of inoffice employees using our advanced video-based verification and collaboration tools. IMPRINT aims to eventually allow virtual client visits from a centralized location to further reduce time & travel expenses, and enhance ROI manifold.

Gautam Adani Person of the Month

$138.1

Quick Facts:

Name: Gautam Shantilal Adani Zodiac Sign: Cancer Nationality: Indian Net Worth: $138.1 billion (December, 2022) Education: Sheth Chimanlal Nagindas Vidyalaya, bachelor’s degree in commerce at Gujarat University (dropped out in second year)

Occupation: Businessman, Industrialist Designation: Chairman and Founder of Adani Group Date of Birth: 24 June, 1962 Age: 60 Place of Birth: Ahmedabad, Gujarat Marital Status: Married Spouse’s Name: Priti Adani Children: 2 sons, Karan Adani & Jeet Adani Spoken Languages: English, Hindi & Gujrati

Adani Net Worth

Adani established India’s largest port operator the Adani Group. The infrastructure company is the country’s largest privately held thermal coal producer and trader. The group’s publicly traded trading company, Adani Enterprises, reported $9.3 billion in sales for the fiscal year ended March 31, 2022. According to Forbes, his current net worth in December 2022 is $ 138 billion, or approximately INR 10.94 lakh crores.

Adani Future Plans

In an effort to join the elite group of companies with USD 1 trillion in market capitalization, Gautam Adani’s organisation will invest more than USD 150 billion in industries ranging from healthcare, green energy to airports, and data centres. Over the next 5-10 years, the group intends to invest USD 50-70 billion in green hydrogen and another USD 23 billion in green energy. It intends to spend $7 billion on electricity transmission, $12 billion on utilities for transportation, and $5 billion on road projects.It plans to invest USD 6.5 billion in data centres with cloud services in collaboration with Edge ConneX, and another USD 9-10 billion in airports, where it is already the largest private operator. With the acquisition of ACC and Ambuja Cement, it invested USD 10 billion in the cement sector.

Adani Takeovers

In recent times, Adani Group under the leadership of Gautam Adani made a number of acquisitions which are as follows. SB Energy Holdings Ltd.

A subsidiary of the Adani Group, Adani Green Energy Ltd. (AGEL), completed the acquisition of SB Energy Holdings Ltd. (SB Energy India) in October 2021 in an all-cash deal valued at $3.5 billion, just days after Adani Group Chairman Gautam Adani announced that the Group will invest $20 billion over the next ten years in the renewable energy generation space. The nation’s largest acquisition in the field of renewable energy occurred with this transaction.

Ambuja Cements Ltd. and ACC Ltd. With the help of the Swiss company Holcim, the Adani Group paid $6.4 billion in cash in September 2022 to purchase a majority ownership of 63.1% in Ambuja Cements Ltd. and a 54.5% stake in ACC Ltd. The Adani Group’s largest acquisition to date, as well as the largest merger and acquisition deal in India’s infrastructure and materials sector, were both completed with this acquisition. The secondlargest cement manufacturer in India is now Adani as a result of this purchase.

Kohinoor

The Adani Group company Adani Wilmar Ltd., which manufactures kitchen necessities, has purchased the Kohinoor brand from McCormick Switzerland. Adani Wilmar Ltd. now has sole ownership of the basmati rice and ready-to-eat segments of Kohinoor in India as a result of this transaction. The price of this transaction is still secret.

Indian industrialist Gautam Shantilal Adani is a multibillionaire and the founder and chairman of the Adani Group which is a large corporation with offices in Ahmedabad. It builds and manages ports across India. Also, Gautam Adani works as the head of the Adani Foundation, which is generally managed by his wife, Priti Adani. According to Forbes and Bloomberg, as of November 2022, Adani has a net worth of

billion and $133 billion, respectively. At present, he is the third richest person in the world and the richest person in Asia.

SPPL and EREPL

Adani Power Ltd., a division of the Group, bought all of the stock in the infrastructure development firms Support Properties Pvt. Ltd. (SPPL) and Eternus Real Estate Pvt. Ltd. (EREPL) from each stakeholder on June 7, 2022.

This acquisition cost 609 crore rupees.

Adani NDTV Deal Adani bought a 29.2 percent share in NDTV in the first week of December 2022 by purchasing a company supported by the television network’s founders, Radhika Roy and Prannoy Roy, who own 32.3 percent of NDTV. Through an open offer, the group increased its stake in New Delhi Television Ltd (NDTV) to more than 37 percent, making it the largest stakeholder of one of the country’s most popular news networks.

PERSONAL LIFE

Augray Private Limited

Revving Up Businesses with Innovative and Intelligent

Technology Solutions.

Puja | Business Connect

Dynamic Leadership

Suresh Thankavel

Suresh serves as CEO. With over 15+ years of diligent experience serving technology-based solutions. An adventure lover with umpteen ideas for moulding into the future world! Many will say, “Live your dreams.” He tries to make it possible by launching ‘Augray’ to work and explore beyond the existing technological boundaries! Speaker and a think-big attitude, Augray has been awarded the “Most Innovative AR/VR Startups in 2021.”

Narayan Balakrishnan Subramaniam Srimath

Narayan is the CTO at Augray. Having worked in the technology industry for 12 years, he is well-versed in several tech stacks. He is in charge of projects, new product inventions, and research and development. He is a terrific mentor for budding techies and thinks creatively when it comes to business and technological solutions.

Prakash Ramamurthy

Designated as Director, Prakash Ramamurthy is in charge of sales and marketing. Having more than ten years of experience working as a sales leader for several unicorn firms, he enjoys building new sales teams, serving as a mentor, and supporting continuous change for learning. He also exhorts the team to be energetic and have an eye for operational effectiveness.

With the rapidly expanding technology trend, software and apps have become integral to business functioning! Providing excellent solutions to contemporary ventures (Enterprises and SMEs, StartUps), Augray Pvt Ltd has been offering top-notch cutting-edge technology solutions since its inception.

With a distinctive vision of offering AR/VR/MR platform applications for smartphones, tablets, and wearables that empower consumers with valuable visual experiences, Augray Pvt Ltd was founded in 2014 as a digital IT partner. Almost a decade-old endeavour under the leadership of Suresh Thankavel,

successfully worked with global logistics

Headquartered in Brookfield, Wisconsin, Augray has come a long way since its humble beginning in 2014 and has worked with 70+ companies across different industries ranging from FMCG, CD, Manufacturing,

CEO, Narayan Balakrishnan, CTO, and Prakash Ramamurthy, Director, has

service providers, manufacturing and trading companies helping their business operations streamline and providing specially crafted solutions spanning across industries and business functions.

Retail, Real estate and many more.

Suresh Thankavel Narayan Balakrishnan Prakash Ramamurthy CEO CTO Director

The Service Portfolio

Augray focuses on maximising value for clients by making effective use of technology and fusing cuttingedge technologies with innovative digital methods. They firmly believe in upholding the highest integrity, providing consistent productivity and top-notch quality, and always being accessible as a reliable digital IT partner. The following are the primary services that the company offers:

• AR experience (App based & Web-based)

• VR experience (Application & PC - VR)

• MR experience (Smart glasses/Smart glasses app and solution)

• App development

• Website development

• Learning Management system

• Content/User management system

• Data analysis & dashboards

Carving Out as a Differentiator

With its distinctive 8+ years journey, Augray adheres to the design methodology where knowledge, team power, and experience are working together to develop distinctive solutions.

Here, the focus has always been on providing an experience. They either invite their consumers or go to them and encourage them to acquire first-hand experience to appreciate the actual potential of the products and services to convey their true value.

After establishing a rapport with the consumer, the sales personnel prefer to have a conversation rather than provide a presentation. According to Augray, selling is all about prioritising the customer’s needs. This includes being aware of the clients’ backgrounds, problems, and other issues. They promote themselves as tech partners where the customer is involved at every level rather than just being a firm that offers solutions.

“We are more than just suppliers of solutions. Normally, we work together with our clients from the conception stage all the way through delivery. In addition, it is crucial for us to comprehend the client’s business objective and link the solution to it. We also need to understand the user journey and experience so that we can come up with the best solution to enhance it. We at Augray strive to reinvent businesses, not just by enabling them with new technology but also by transforming them for sustainable growth with technology”, Mr Suresh Thankavel further explained.

Augray’s Cornerstones

2014 - Augray was built from Wisdom InfoTech to create and provide immersive experiences to speak with their clients.

2015 - Expanded their presence in New Delhi, Mumbai, and Bangalore.

2016 - Best solutions for the overall vertical sales delivered,

including Travel, Hospitality, and Gaming!

2017 - Launched the world’s first AR messaging platform, TADA TIME.

2019 - India’s first WEB XR solution launched along with the first-of-its-kind video XR solution.

2022 - Launched OneXR -Suite of XR Products and Solutions for Businesses

Augray’s Take on Industry Evolution

The Indian AR/VR market is anticipated to experience a robust CAGR of 38% by 2027 through technological advances and the rising adoption of technology in diverse portfolio sectors including content generation, engineering and technology, and the development of virtual applications for electronic devices to create customizable content.

The key drivers:

• The roll-out of 5G technology, Wi-Fi 6 and emerging technologies including big data analytics, artificial intelligence, and machine learning is fueling India’s augmented reality and virtual reality market growth.

• The rise in awareness regarding augmented reality and virtual reality.

• The need to engage and enhance customer experience with their product and brand.

• Manufacturers are increasingly focusing on the research and development process to fuel higher growth in the market.

• To meet evolving customer demands concerning better efficiency and durability, several manufacturers are coming up with technologically advanced offerings.

• The adoption of augmented reality and virtual reality for training purposes to replicate real-life situations and instil quality training is expected to fuel market growth.

The Work Culture of Augray

Being an employee-centric company, Augray has instilled a lot of trust and confidence in the employees. The flexibility the employees get here keeps them motivated and makes them go above and beyond their limits to achieve their goals. The entire team is involved in the process from the ideation to the execution stage and is given complete creative freedom.

Speaking of recreational activities, they have weekly and monthly activities and events that promote teamwork and leadership among all employees.

Road Ahead

Since AR/VR technology is one of the most customisable technologies and has a wide range of applications, including pre-sales, sales, after-sales, production, training, and many more. The industry is expanding, and there is an increasing need for it. For consumers and businesses, Augray seeks to develop cutting-edge goods and solutions that will aid in their development and enable them to stay up with the ever-changing market.

Words of Wisdom

Market evolution for businesses occurs similarly to human development. In order to stay on top of our game and experience sustainable growth, it is imperative that we adapt to innovation and new advances.

CLOUD SPARKLE

TECHNOLOGIES Private Limited

AN INNOVATION ADDING A DRIVING FORCE INTO THE IT ARENA

They say, “What new technology does is create new opportunities to do a job that customers want to be done.” Information Technology is one of the booming sectors across the global business world. Most of the time, it is also considered the backbone of the corporate world. Now, we know that the Business Connect magazine is renowned for its exclusive monthly editions and it has been a great fan of the ventures scattered to the IT realm. And here again, we are back with our latest edition of the month, ‘Company of the Year 2022’ comprising the successful journeys of some leading ventures in the market.

Our editorial team had an interesting and joyful virtual session with the leadership panel of Cloud Sparkle Technologies Private Limited, the fastest-growing IT venture around the market. The leadership panel of the company and the Founder & Chairman, Mr. Santosh Pathai shared numerous lesser-known facts about the company and shed some light on his overall entrepreneurial journey so far. We truly hope and desire that this fascinating read will truly add some extra value to the lives of our global readership and will also encourage them to break the barriers and chase their dreams.

DISTINGUISHING

COMPANY PREFACE

Giving a detailed introduction of the company, Mr. Santosh quips,

“Cloud Sparkle was incepted with a vision of developing and delivering leading edge solutions in technology, processes and products with Agile Practices. I have a strong perception that building a Good Team is a real strength of the company, where we spot and hire a talent who has a dedication to achieve or see themselves to lead, which helps us to guide them for the future growth and career and by this technique we strive to accomplish to build a motivated team.”

ELEMENTS

GRIP ON TECH

“Technological advancements are part of any industry lifecycle, to keep intact with the market updates, we accompany Continual Service Improvement, Continual Knowledge Improvement and Continual Trainings for our Team,” says the Founder.

QUALITY OVER ANYTHING

“For every company delivering a quality in the today’s cutting edge is a challenge and we endeavour to achieve it by following agile methodologies. We continuously invest in upgrading our team with new technologies as per the current trend which helps us to equip with the changing and upcoming trends in the market. Also, instead of spending our budget on marketing we

Gulshan | Business Connect

prefer to invest on our services as a premium service offered to our clients with a standard cost of the service, which helps us to gain more confidence in our customer and which indirectly helps to gain more momentum in the business value.”-Mr. Santosh Pathai.

BOND WITH CLIENTS

He further adds, “Clients being the fuel of any business should have high confidence in their service providers, hence they are rest assured about their technological implementations and deliveries, so that they can focus on their business value to their customers. Clients from various domains have opted our services which include Clients from BFSI, Power, FMCG, Logistics, IT are few and they have kept faith in achieving value with us.”

THE FUTURE ENDEAVOUR

The company is planning to launch its international operations shortly and a work culture where every employee can prioritize his or her personal, social, and professional lifestyle together. Before signing off, the Chairman shared some words of wisdom for the budding leaders out there by saying, “Launching a company or a startup is easy but to sustain and keep moving forward can be termed as a real business game. Apart whatever you deliver whether it is a business or job deliver with 100% plus to be valued as an asset to your employer, customer, or your team.”

Founder & Chairman

Santosh Pathai

De’Zaina Interiors

Kajal | Business Connect

The inside story highlighted here outlines the success trajectory of De’Zaina Interiors that is known to ensure the highest level of quality to its diverse clientele. The sheer motto on which it relies is turning dreams into reality one design at a time. From design execution to furniture production, everything is well-taken care of by the company. What allowed them to scale to prominence since its inception is outstanding quality control that comes from constant testing of materials at acquisition phase all the way until delivery and installation. At its core, the organization has been into providing world-class services to the elite patrons all across the Delhi-NCR region. The service portfolio of the organization ensures the execution of luxury residential projectsbe it programming phase of hard finishes all the way to the interior accessorizing phase. Creating, developing and delivering extensively unique pieces of furniture as per the client’s demand is their forte which they take immense pride in. As we got a chance to arrange a virtual meeting with the founder of the company- Tanvi Bhatia, we got insights into the organization’s overall business portfolio. As we headed for the conversation, she made her opening remark as, “De’Zaina offers a broad spectrum of services to our clients such as styling, custom product designing, custom lighting designing, spatial planning.” Let’s find out what is more to offer-

HOW DID IT START?

TANVI BHATIA GUPTA Interior Designer

The inception story of De’Zaina Interiors begins when Tanvi Bhatia Gupta

the USA, decided to tap into her entrepreneurial streak unleashing her

from Boston University with a Bachelors of Science in Business

concentrating on Graphic Design. After she completed her education

Institute of Design and Merchandising, she successfully designed a few

a

development company. Thereafter, she decided to move to New Delhi in 2015 while pursuing her corporate career at DLF, she gained considerable experience. She managed to accumulate a considerable amount of experience while being associated with some world-renowned designers in the US as well as New Delhi. She has triumphantly executed several projects in distinguished localities of Delhi- NCR for eminent personalities of the city in a short tenure.

Let’s see what Tanvi has to say about her successful design career so far, “After gaining experience working with world renowned designers in the United States and in Delhi, I have helped expand my husband’s construction and development business by adding a new vertical of interior design while working on my own portfolio under my brand name of De’Zaina Interiors. I am a person who prioritizes a healthy work-life balance committing to the growth and development of my career as well as my family. My way to success is my focus, energy, organizational skills and emotional connectivity to all aspects of life.”

What you think, we create!

who is an American national, born and brought up in

creative potential. She is a Magna Cum Laude Graduate

Administration specializing in Finance and a Minor in Fine Arts

with

Post Graduate Diploma in Interior Design from Fashion

homes in Beverly Hills, California, under a prestigious

BRINGING THE EXPERTS TOGETHER

De’Zaina Interiors is scaling greater heights owing to its dedicated and highlymotivated team of professionals that are exclusively shortlisted by Tanvi herself. A successful execution of several projects has been done by her strong team of focused individuals. Providing us more insights into this topic, she claims, “From my draftsmen to my accountants, my creative team and my executive team is completely in tune with my imaginative design processes. Our office is an open office setting, allowing the creative juices to flow from one to another. I have handpicked hard-working individuals, with an inventive drive and a thirst to accomplish uniqueness in each project. Owing to our execution team labour, craftsmen, and site managers, we have been able to make a difference to our targeted niche.”

COMBATING THE MOST UNPRECEDENTED CRISIS

The covid scenario has boosted the interior designing market since people started spending so much time in their homesasserting the need of lively living spaces. People are in constant efforts to change their existing spaces or develop new ones. Some of those are in dire need to change their home designs while others have only opted to create home offices for experiencing outstanding work from home flexibility. All the requirements made by their clients are successfully delivered by De’Zaina team , allowing them to thrive happily in their living spaces.

A BIT MORE ABOUT THE ‘FOUNDING LADY’

Tanvi has been an intern of an eminent designer, Timothy Corrigan who raised her knowledge in french traditional designs. She also worked as an interior designer for a goliath real estate developer that served some of Southern California’s most elite clientele. At DIJ Group, LLC., she had the opportunity to work on interior architecture design elements for properties in Beverly Hills, CA, while collaborating with another world-renowned designer, Thomas Schoos, and his team. While working on multi-million dollar estates, Tanvi has continuously refined her design aesthetic and added to her versatile portfolio. In New Delhi, Tanvi worked in India’s leading real estate development company, DLF Limited. At DLF, she worked under a highly accomplished architect on the development of a club house of a residential building complex. Tanvi’s education and work experiences complement her unique design sensibilities.

Shyamal Chatterjee MD & CEO Indranil Roy | Business Connect

It’s remarkable to see how our lives and means of subsistence have evolved over the previous ten years. Specifically, how innovations have enhanced our ability to think, act swiftly, and connect. But above all things, people are paying much closer attention to green practices. The world is shifting from climate-wrecking fossil fuels to clean, renewable energy in order to cut CO2 emissions. Fossil fuel continues to be a chief source of energy as well as the main reason for increasing pollution. It affects both life and the economy, since both are inversely corelated with the degree of environmental degradation.

GALAXY SOLAR ENERGY PVT. LTD.

USHERING INDIA TO A CLEAN, GREEN AND EQUITABLE ENERGY FUTURE

Given the scenario, switching to solar solutions could be a prudent move. The sun is the most renewable and readily available source of energy. On the other hand, solar cells to capture and convert light energy into electricity are now more affordable. But to have a sustainable solar solution, you need a strong partner that delivers on its promises. This is where Galaxy Solar comes in. Headquartered in Nagpur, Galaxy Solar is an acclaimed turnkey solar engineering, procurement, and commissioning (EPC) company. The company is climbing new heights under the aegis of Mr. Shyamal Chatterjee (MD & CEO). His leadership has also curated a social arm, Galaxy Foundation. He also serves as Chairman Committee Renewable at Maharashtra Economic Development Council(MEDC),Secretary of Bengal Solar Federation and Secretary of Mahasolar Sangathan. He is also the CEO of Aubade Energies Pvt. Ltd. , Carbon Green Solution Pvt. Ltd. and Radiant Power Systems.

The following account is based on a conversation we had with Mr. Shyamal, in which he spoke how his company has been a “building block” of India’s solar stature.

BEGAN WITH A MAGNANIMOUS VISION

“A big business can start small, but it must have a grand vision.” Mr. Chatterjee incepted this company in 2017 with a similar vision. Even though there were over 300 companies registered in the solar sector, it was a promising avenue to explore. People were shifting, even though at a steady rate, towards solar solutions. Subsidies were initiated in Nagpur, which attracted many people towards solar power. So, the time was ripe to enter the market. Mr. Chatterjee envisioned his venture’s footfall in every state to have a PAN-India presence. Simultaneously, he aspired to have a certain niche. This is when he saw a gap in the service structure. He says, “I noticed many companies taking orders and passing them to commissioning and installation vendors that finish the permits on their behalf.” This required a significant investment from the clients for the solar plant, and clients would inevitably lose faith.”

With the focus of changing the scenario, Mr. Chatterjee founded Galaxy Solar. He planned it as a one-stop-shop for various solar services. The company began with a team of 3 people, but now they are a thriving community of 500+ people with a presence in 25+ states. They have over 30 sales networks across Asia, serving over 1000 customers. Mr. Chatterjee’s determination to see his idea through has not only made Galaxy Solar a leader but also a frontrunner in shaping the vision of Green India.

CHALLENGES THAT TESTED THEIR MIGHT

Although starting with a thoughtful mission, Galaxy Solar hasn’t had a smooth trajectory. The first challenge was bringing the right people on board. As mentioned, Mr. Chatterjee sought to create footfalls in every state, so instead of taking dealerships, he would take 50% ownership of branches. The second thing that tested his might was market challenges like Demonetization. The cash crunch made it tough to pursue prospects and manage resources on board. “It was tough to hire the right people and keep them engaged, given our disarray.” Since we’re in service, keeping a consistent flow of revenue was also a trial itself,” explains the MD. While these challenges were meddling with their minds, the company faced tight competition, especially from many big names.

Mr. Chatterjee, though, wasn’t there to leave. He told clients that Galaxy Solar solely focuses on solar services, in contrast to other companies with diverse concerns. From operations to delivery, they have in-house teams divided into specific operations. This dedicated approach has given him the critical edge in a cutthroat market. The firm has carved a niche for O&M services. Even though they are a new player in the market, walking the talk in O&M has given them a major upper hand. Their services are known for their unmatched quality and solar plants for scalability and longevity. Due to their excellent services, the firm’s expertise spread by word-of-mouth, and now big players choose them over the major ones.

A TRENDSETTER IN VARIOUS ASPECTS

Galaxy Solar has established itself as a pioneer by keeping a close eye on quality and consistently raising the bar for service. While it’s constantly leveling up to be abreast of the market, it’s well-valued for in-house services in terms of engineering, procurement, construction, and lifelong maintenance of the plant. This niche helped it easily outweigh the impacts of COVID-19. “We found a lot of prospects in the food and pharma sectors, given that they were thriving and were looking for sustainable solar solutions,” says Mr. Chatterjee. Galaxy Solar currently has strong presence across sectors ranging from FMCG, Automobiles, Food, Retail (shopping centers), Education institutes, Synthetic manufacturers, Healthcare & pharma, Finance, Real Estate, and Public Sector.

NOT A TEAM BUT A FERVID FAMILY

Besides trends, quality, and in-house innovations, Galaxy Solar is known for its family-like culture. As per Mr. Chatterjee, it’s one of their biggest achievements. The team may be spread across the country, but they celebrate occasions and participate in recreational activities in the same place. They have annual outings and even celebrate cultural festivals as well. Every location is interconnected with its headquarters, which ensures seamless communication and functioning. The team on board mostly comprises problem solvers that take ownership of their challenges and resolve them while upholding the firm’s ethics.

This also says a lot about Mr. Chatterjee’s leadership. In just five years, Galaxy Solar has become the solar segment’s fastest-growing company thanks to its in-depth mastery of the sector. His mindful leadership springs from his compassion for society, which has enabled him to engage in various CSR efforts.

CONTINUALLY BUILDING A PLAUSIBLE ROUTE

Galaxy Solar has had numerous wins over the last 5 years. This includes some of the best projects for Bharti Industry, Sri SainathAgri Pvt. Ltd., Ashapura Agro Industries, Saibaba Solvent LLP, Shri Ram Food Products, Ramdevbaba Solvent Pvt. Ltd., and so on. It has a record of 850+ solar projects installed across India. Needless to point, the efforts have bestowed upon them prestigious accolades namely:

• “Rooftop EPC Company of the year,” East India Annual Solar Awards

• Award from CEO Insights

• 10 Best Cleantech Startups 2021 by Silicon India

• Recognized by DGEF with Right to Energy Day Award

• Associated with JCI Orange City – Colours of India

• Recognized in Agro Vision

• Recognition From Shri Ramdeobaba College Of Engineering & Management

• Recognition From Sungrow

• Recognition From Panasonic

Besides this, the firm is working with several NGOs willing to go solar. “Solar energy can help NGOs cut down on their operating expenses, freeing more funds for their goal to enhance society,” says Mr. Chatterjee. They are also focused on enticing areas like integrating PPA into project management. Along with this, they are collaborating with major industry players to introduce EVs. With such notable projects, Galaxy Solar’s future is surely pledging.

Top 10 Jewelry Brands in

India to make this wedding season more fabulous

Jewelry helps in enhancing one’s beauty. It is also a symbol of wealth, power, and status. For some, jewelry is a form of art and creative expression in itself. Some people use jewelry as a part of their traditions and culture. There are various jewelry brands in India but very few people know about the top 10 jewelry brands so to help you in this matter we have come up with a list of the top 10 jewelry brands which will be icing on the cake for you this wedding season.

Top 10 Jewelry brands in India

01 - Malabar Gold and Diamonds

• Type - Private

• Industry - Jewellers

• Number of locations - 250 showrooms

• Area served - India, United States, UAE, Singapore, Kuwait, Bahrain, Oman, Qatar, Saudi Arabia, Malaysia

• Products - Gold, Diamonds, and Silver

• Number of employees – 50000 Malabar Gold and Diamonds is a BIS-certified Indian jewelry group headquartered in Kozhikode, Kerala, India.

In the year 1993, M. P. Ahammed started it. Currently, the business operates more than 260 showrooms in ten different countries, making it one of the largest chains of jewelry stores in the world. Apart from the jewelry business, the company

also owns a network of luxury watch boutiques across India, which operates under the name Malabar Watches. Malabar Golds & Diamonds are now pursuing an aggressive retail expansion strategy with a goal of adding 750 stores globally over the following five years. Target markets for this expansion strategy include Singapore, Sri Lanka, Indonesia, Malaysia, and Bangkok.

02 – TBZ (Tribhovandas Bhimji Zaveri)

• Founded - 1864

• Founder - Tribhovandas Bhimji Zaveri

• Successor - Gopaldas Tribhovandas Zaveri

• Headquarters - Zaveri Bazaar, Mumbai, India

• Number of locations - 31

• Key people - Shrikant Zaveri, Chairman & Managing Director

•

Products - Jewelry

• Revenue – INR 8.8 billion (US$100 million) (2010)

Established in 1864 by Tribhuvandas Bhimji Zaveri in Zaveri Bazaar, Mumbai’s jewelery market, it was later led by his son Gopaldas Tribhuvandas Zaveri and now the current Chairman and Managing Director Shrikant Zaveri is leading the group. The company today has 37 showrooms in Mumbai, Surat, Kochi, Bhopal, Hyderabad, Kolkata, and 23 cities in 11 states. In 2019, TBZ signed Sara Ali Khan as its official brand ambassador.

The company has 37 showrooms under the “Tribovandas Bhimji Zaveri” brand (5 franchisees owned by 32 companies) for gold jewelry and diamond studded jewelry. Also, it has two designer boutiques under “Krisla”, where it sells studded and diamond studded jewelry.

03 - Tanishq

• Type - Subsidiary

• Industry - Jewellers

• Founded - 2004; 18 years ago

• Headquarters - Bangalore, Karnataka, India

• Area served - Worldwide

• Parent - Titan Company

A division of Titan Company, Tanishq is an Indian jewelry brand. Tanishq was established in 1994 and has its headquarters in Bangalore, India’s Karnataka state. The term Tanishq was coined by Mr. Xerxes Desai by marrying the words ‘Tan’ meaning body and ‘Nishk’ meaning a gold ornament. Tanishq, which stands for superior craftsmanship, exclusive designs, and superlative product quality, has become India’s fastest-growing jewelry brand.

Tanishq made the beauty pageant crowns for the Femina Miss India 2007. Tanishq operated 105 stores across 71 Indian cities as of 2008. In 2011, the Tanishq group launched a subbrand called Mia for working women. Tanishq marked a significant milestone in November 2012 when it inaugurated its 150th showroom in India. The brand fully understands the nature of the current Indian jewelry market and keeps on evolving with its changing demands and preferences.

04 - Kalyan Jewellers

•

Founder: T. S. Kalyanaraman

• Founded: 1993, Thrissur

• Headquarters: Thrissur

• Area served: Middle East

• Owner: Kalyan Jewellers

• Number of employees: 8,000 Kalyan Jewellers India Ltd is a Jewellery company. The company’s main lines of business include the design, manufacture, and retail of a wide range of gold, studded, and other jewelry products for special occasions including weddings, festivals, and other events. Around 2,000 artisans (directly and indirectly) from all over India are employed by the company. To increase its online presence, Kalyan Jewellers partnered with Mumbai-based online jewelry retailer Candere in 2017. Kalyan Jewellers released 100 million ($1.3 million) in March 2020 towards COVID-19 relief efforts.

05 - Bhima jewelers

• Founded: 1925, Alappuzha

• Headquarters: Kochi

• Founder: Bhima Bhattar

• Number of locations: >116

• Number of employees: 78000

• Type of business: Privately held company Bhima Jewellers is a jewelry retail company based in India. In the year 1925, Bhima Bhattar founded it. Currently, the group employs more than 2000 people across 116 jewelry stores in South India. Bhima Jewellers were the first jewelry store to introduce the readymade jewelry concept under the guidance of its founder Bhima Bhattar.

Products: Traditional Kerala designs, Bengali heavy-weight designs, Tamil Nadu designs, Nellore color Stone studded jewelry, Karwar precious Stone studded jewelry, diamond, platinum, and silver jewelry With a turnover of INR 48,000 crore in 2022, it was considered one of the six firms that controlled India’s gold.

06 - Joyalukkas jewelers

• Founder: Joy Alukkas

• Headquarters: Thrissur, Kerala, India

• Founded: 1987

• Number of locations: 85 showrooms in India and 45 showrooms internationally

• Subsidiary: Joyalukkas India Limited Alukkas Varghese Joy, who has over 33 years of experience in the jewelry business, founded Joyalukkas. The company started by building a showroom in Kerala’s Kottayam in 2002. Since then, it has grown its network to 85 showrooms operating under the Joyalukkas brand in 68 Indian cities. The company also operates several large-format stores with an area of over 8,000 square feet.

Its jewelry items are divided into four categories: Gold jewelry, silver jewelry, diamond jewelry, platinum, and other precious metal and stone-based jewelry. Joyalukkas recorded a net profit of INR 472 crore on revenues of INR 8,066 crore in FY21.

07 - Amrapali Jewellers

• Type - Private limited company

• Industry - Gems & Jewellery

• Founded - 1978

• Founder - Rajiv Arora and Rajesh Ajmera

• Headquarters - Jaipur, India

• Area served - Worldwide

• Key people - Rajiv Arora, Rajesh Ajmera, Tarang Arora & Akanksha Arora

• Products - Jewelry & Accessories

Amrapali Jewellers is a jewelry house founded in 1978 by Rajiv Arora and Rajesh Ajmera in Jaipur. Amrapali designs produce and distribute tribal, fine, and uncut gemstone jewelry. Both London and India have stores for the brand. The company also runs an Indian jewelry museum in Jaipur. The client range of the brand includes Hollywood bigshots like Rihanna, Scarlett Johnson, and Jennifer Lopez to Bollywood actresses like Sonam Kapoor, Deepika Padukone, Sonam Kapoor, and Alia Bhatt. In 2013, Amrapali Jewels introduced Tribe, its online cosmetic jewelry business.

08 - CaratLane

• Type of site - Private Limited

• Headquarters - Chennai, Tamil Nadu, India

• Founder(s) - Mithun Sacheti, Srinivasa Gopalan

• CEO - Mithun sacheti

• Key people - (Co-Founders) Avnish Anand, Gurukeerthi G

• Industry - e-Commerce

CaratLane is an Indian physical and online jewelry retailer, headquartered in Chennai, India. Mithun Sacheti and Srinivasa Gopalan founded the company in 2008. As of July 2016, the company is a subsidiary of Titan Jewellery and is marketed as a partnership with Tanishq. The business operated 130 stores in 36 Indian cities as of December 2021.

Before opening physical stores, the company first operated as an online retailer, with its first location in Chennai. On August 20, 2015, CaratLane launched an app that lets users virtually try on earrings available on their site using facial recognition and 3D image technologies.

09 - PC Jeweller

• Type - Joint-stock company

• Traded as - BSE: 534809, NSE: PCJEWELLER

• Industry - Jewellery

• Founded - 2005; 17 years ago

• Headquarters - New Delhi, India

• Key people - Balram Garg (Managing Director)

• Products - Gold, Diamond Jewellery, and silver articles

• Revenue – INR 20.59 billion (US$260 million) (2019)

PC Jeweler Limited (PCJ) is one of the leading jewelry companies in India. The company offers a wide range of products including gold jewelry, diamond jewelry, and other jewelry with an emphasis on diamond jewelry and jewelry for weddings. The company currently operates 92 showrooms across 75 locations, 82 of which are corporateowned, and the remaining 10 are operated by franchisees. PCJ, one of the leading jewelry brands in the country, has a diverse collection of Diamond Stones, Gold Polki, and Kundan varieties.

10 - Shubh Jewellers

• Parent Company - Rajesh Exports Ltd.

• Industry - Gold (Retailing)

• Type of business - Private

• Founded in - 2012

• Headquarters - Bangalore (India)

• Products - Gold Products

• Stores - 80+

Rajesh Exports, the largest gold exporter in India, owns Shubh Jewellers. Headquartered in Bangalore, Shubh Jewellers was launched in 2012. It introduced “Real Rate Per Gram,” where the greatest jewelry designs are sold by weight at the price of gold without adding any additional charges. It owns a catalog containing more than 27,000 designs, which are generally popular for wedding occasions or traditions. Currently, the state of Karnataka in southern India has approximately 80 Shubh showrooms.

INTERNATIONAL SCHOOL OF MANAGEMENT STUDIES

DEBRAJ BANERJEE

A CHARISMATIC PERSONA ON A MISSION TO ELEVATE THE EDUCATION ARENA

Business Connect is back with its exclusive edition of the month comprising some remarkable and inspirational success journeys of experienced professionals in the business world. For this exciting read, our editorial team had an interesting and joyful virtual meeting with the leadership panel of the International School of Management Studies, which is scaling the success ladder at a great pace and setting new standards in the higher education realm. The Group Head of the institute, Mr. Debraj Banerjee shared numerous lesser-known facts about the company and also spilled beans on his overall entrepreneurial journey so far with us. We truly hope and desire that this fascinating read will add some extra value to the lives of our global readership panel and will encourage them to chase their dreams.

THE PROFESSIONAL JOURNEY

A highly optimistic and self-disciplined individual, Mr. Debraj Banerjee is a Post Graduate in Management with more than 20 years of experience in the Education Industry. He has been involved with prominent industry giants like Siemens Information Systems Ltd, SQL Star International Limited, ICFAI, and SSI Limited. He has worked with various segments of education including Distance Learning, IT Training (Retail & Corporate), Higher End training (SAP), etc. He has been actively involved in chalking out strategies

Debraj Banerjee Group Head

and the implementation of the same and has gained accolades from his employers throughout his career.

WHY MBA?

Mr. Banerjee responds to this by quoting, “According to research by World Economic Forum, 13 million graduates join India’s workforce each year. But, only 1 in five engineers and only 1 in 10 other graduates in India are employable. One of the main reasons behind this problem is the lack of employable skills. Few bachelor’s degree specialties focus on the skills that help students employ. But an MBA, on the other hand, is completely different. An MBA is a type of specialization that requires relevant skills to be developed in any industry. That’s why today’s corporate world is looking to hire more MBA graduates to manage their businesses. Not just higher remuneration, MBA has the highest career prospect of all the other specializations. It also develops a great personality and helps an individual gain high managerial expertise.

Above all MBA is the kind of career option which accepts students from all other specializations. While other graduates have to compete in the market to be placed, MBA graduates can be easily spotted by recruiters because of their skills and knowledge.”

Gulshan | Business Connect

THE CONCEPTUALIZATION MOTTO OF ISMS

“MBA is a lucrative career option. MBA degrees are still in high demand and will continue to be so. However, MBA employment rates remain low. One of the main reasons for this problem is that B-schools are less focused on giving students relevant skills than on offering a degree.

International School of Management Studies (ISMS Pune) was founded to enrich and empower young management graduates in academic excellence, exposing them to the business and industry world, providing them with relevant essential employability skills, core business ethics, core responsibilities, and service, thus empowering them to become individuals with integrity, innovation ability, and a passion for business.

Through the application of managerial academic knowledge and excellence, inspiring them to pursue innovative endeavors along with managerial creativity, and guiding them to serve the industry and society with renewed inspiration, caliber, competence, and compassion professionally and humanely, we hope to cultivate a passionate sense of business among our management students,” says the Group Head.

REVOLUTIONARY IDEA STARTS WITH GREAT QUALITY OF EDUCATION

“We believe the root of any revolutionary idea starts with great quality of education. That’s why we introduced MBA programs in affiliation with Savitribai Phule Pune University (Pune University) to provide great quality of education with life-changing training and relatable skill development programs which are flexible and accessible to students from all over India.

We have a PGP MBA (Triple Certification) program to empower students with practical experience and extraordinary career progression, setting themselves apart from others and boosting their chance of getting into the corporate world faster than others.

This program comes with a practical approach that provides our students with winter and summer internships so that they can get hands-on experience before entering the corporate world. Apart from the triple certification (MBA+PGP+Pearson UK) this program also comes with 10+ extra certifications which helps a student stand out in front of a recruiter. PGP MBA (Triple Certification) comes with an option to progress to the UK for a second MBA degree and an optional study tour to the UK that can get our students global exposure to academics as well as the work culture.

We also have MBA in Business & Innovation (Dual Certification)with employability training for students who aspire to be successful leaders in the corporate world. This program comes with dual certification, extensive corporate exposure, Life changing training, various activities, and a summer internship program that changes a student’s life by enriching their knowledge and skills towards becoming a successful leader in the corporate world.”- Mr. Debraj Banerjee.

LACK OF AWARENESS AMONG STUDENTS TOWARDS PURSUING AN INTERNATIONAL DEGREE: Indian students are capable of excelling in all over the globe. But still there is the lack of awareness among the students towards pursuing an international degree.

ISMS Pune started its journey with a focus to invite foreign education to the students who are now much aware, how to approach a foreign degree. We introduced MBA International (Dual Certification Twinning Program) with an aim to provide foreign education at an affordable budget.

This program enables students to study MBA in the UK with a combination dual campus and dual certifications which will add a great value to the students’ academic qualification. The students will be in a culture of systematic study where there will be systematic understanding of knowledge and critical awareness of current problems and new insights.

With multiple options for universities in the UK, this program enables students to pursue management degree with hands on experience which opens a “Earning while Learning” opportunity and the students can also explore work opportunities in the UK with post work study permit.

We also introduced Masters in Sports Business Management (Twinning Program) for the students who want to explore career opportunities in sports business industry.

HOW ISMS PUNE IS EMPOWERING MBA GRADUATES

The visionary leader further adds, “Retaining a job is harder than getting a job and that is why the International School of Management Studies (ISMS Pune) focuses more on empowering MBA graduates with practical and relatable skills that not only will help them to get placed but also to be successful in the corporate world. With numerous industrial visits (Local and Outstation), valuable extra certifications, workshops by corporate experts from India and abroad, numerous mock interviews, professional training to equip students with the knowledge &skills they need to be successful, and numerous aptitude tests. ISMS Pune is changing the definition of an MBA.

Not only that. We engage our students in specialization-based club activities, cultural activities, CSR activities, sports activities, outbound, and lots of other activities intending to make these young managers and leaders of tomorrow empathetic employers and socially responsible citizens and to focus on their holistic personality development.”

THE FUTURE ROADMAP

Mr. Banerjee signs off by sharing his exclusive approach towards the future by quipping, “With outstanding qualities like international standard classrooms, experiential learning methodology, excellent faculties, global opportunity, professional training by industry experts, organizational and professional skill development program, earning while learning opportunity, workshops by corporate experts from India and abroad, numerous industrial visits, extensive industry partnerships, 100% placement record with the best in class ROI and 1000+ success stories since inception, International School of Management Studies (ISMS Pune) will continue to be the fount of inspiration by encouraging and developing among the students a growing spirit of integrity and to tirelessly work towards innovation.”

ABHISHEK AGARWAL A Leader With A Vision To Bring Technology To Life

Gulshan | Business Connect

Our editorial team had an interesting and joyful virtual session with the leadership panel of Judge India Solutions Pvt. Ltd. The leadership panel and the President of the company, Mr. Abhishek Agarwal shared numerous lesser-known facts about the company and also shed some light on his overall entrepreneurial journey so far. We truly hope and desire that this fascinating read will add some extra value to the lives of our global readership panel and will also encourage budding leaders to break the barriers and chase their dreams.

COMPANY PREFACE

Giving a detailed introduction of the company, Mr. Abhishek asserts, “In September 2016, The Judge Group launched Judge India Solutions to provide its clients with a high-quality alternative for IT consulting and Talent solutions. What started as a team of 17 employees emerged into a strong talent community of 500+ employees quickly. Judge India Solutions is a 100% subsidiary of The Judge Group, a seasoned international professional solutions provider with a legacy of 50+ years.

They say, “The leader is the one who, out of clutter, brings simplicity, out of discord, harmony, and out of the difficult, opportunity.”

A leader plays the biggest and most crucial role in the management of a company as they are the backbone of the same. Business Connect has been a great platform to introduce some outperforming ventures and their leaders to the world. Here we are with our exclusive edition of the month, ‘CEO of the Year 2022’ to give a tribute to all the inspiring leaders of the business world who are setting new standards in the market.

ABHISHEK AGARWAL

President – Judge India & Global Delivery at The Judge Group

We provide solutions for prestigious global brands that include over 60 Fortune 100 companies. Within 6 years, we’re all set to pioneer the field of IT, Learning, e-Governance, and Talent Solutions. At Judge India Solutions, our primary strength lies in the peoplepowered and people-centric approach that helps us to deliver excellent results.”

THE DIFFERENTIATING ELEMENTS

“What differentiates us from others is our growth mindset, rewarding culture, and people-centric approach. Collaboration, Dependability, Empowerment, Perseverance, and Caring are values that define and shape our work culture and organizational decisions. At Judge, we believe in building a bond that goes beyond agreements and deadlines. We are committed to promoting diversity and inclusion through our hiring practices and day-today operations to build a workforce for the future.”- Mr. Abhishek Agarwal.

He also adds further, “We believe that change should start with our mindset and approach toward the people. To accelerate DEI culture, we are constantly on our toes to celebrate diversity on any occasion we can. We achieve this not only by training our employees with the tools they need but by encouraging and supporting them along the way. As a leading IT company, constant innovation is our attempt to make a positive difference in the industry. Whether it is through our products, services, or our operations, we are always on the lookout to establish a better way that optimizes growth and streamlines our processes. Moreover, as we call ourselves a people-powered organization, our people are our brand. Our core leadership has been hand-picked in a manner that they bring experience from diverse backgrounds and business expertise to the table, believe in a collaborative approach, and lead a progressive mindset. That’s what makes us uniquely qualified to run our business successfully.”

THE LEADERSHIP APPROACH

The team, at Judge India Solutions, believes in empowering each other and creating a workplace where everyone can work to their optimum potential. Communication, Collaboration, and Teamwork is their attempt at this approach. Mr. Abhishek quips, “We believe that there’s no right or wrong way to do any work but always a ‘better’ way, which we have to find by empowering each other. The immense growth that we have achieved is a testament to our unique leadership style.”

AWARDS & ACCOLADES

Awards of Judge India Solutions

• India’s Most Trusted Brand Award- International Brand Consulting Corporation (2022)

• Most Innovative Tech Company of the Year- Stevie International Business Awards (2021)

• Inspirational Performance During COVID-19 - SKOCH Awards (2021)

• Global Brand of the year”- Asia One (2021)

Awards of Abhishek Agarwal

• Achievement in Thought Leadership - Stevie International Business Awards (2022)

• CEO of the year (Information Technology): Top 50 Leaders of India - Bizox Media Network (2022)

• Top 15 staffing owners and operators to watch in 2021World Staffing Summit (2021)

• Executive of the Year- Business or Professional Services by Stevie International Business Awards (2021)

PARTING WORDS

Before signing off, the visionary shared some words of wisdom for the budding leaders out there by quoting,

“As an employee, you should bear the end-to-end responsibility of completing your tasks. This not only promotes a healthy environment but offers you a keen understanding of how to value feedback. To further enhance this quality, one should value implementing constructive feedback and focus on consistent growth and upskilling.”

10 of the Most Common

ENTREPRENEURSHIP MYTHS

Most people have a natural desire to have their own business and worldwide, one in every 18 persons is doing it. Some people start a business to chase an opportunity, while others—like many businesspeople in poor nations—do so out of pure desperation since it’s the most promising way to make a livelihood in their area. Every aspiring entrepreneur can gain from understanding what the position actually requires, regardless of their location or motive. The process of being an entrepreneur involves coming up with a business idea, formulating a business plan, starting a company, learning from mistakes made along the journey, and building a successful company that both satisfies customer needs and makes a profit. A person who has a viable business idea and is prepared to pursue and realise it is referred to as an entrepreneur. Unfortunately, a lot of people get it entirely wrong. To help aspiring entrepreneurs completely understand what it takes to become an entrepreneur and achieve their goals, we think it is crucial to debunk some of these myths.

What are the common myths about entrepreneurs?

• Entrepreneurs Are Born, Not Made

• Starting a Business Generates Income Fast

• Businesses either succeed or fail

• Entrepreneurs do not have a private life.

• Entrepreneurs are risk-takers.

• Starting a new business provides freedom and less work hours

• Starting your own business requires tech expertise

• Entrepreneurs use venture capital to fund their businesses

• An MBA is required to lead a business.

• It’s not ok to give up

• Entrepreneurs are their own boss

Everyone works for someone else. Each individual has a superior. It is never entirely possible that you’ll one day be a businessperson in charge of every aspect of your life. Frequently, your company will take over as your new employer. It requires 15-hour workdays with no time off. It is brutal, demanding, and merciless. The clients you serve are your employers if you run a consulting firm. Your investors will become your boss if your start-up is successful. And also, being an entrepreneur won’t guarantee a perfect balance between work and personal life either.

• Starting a Business Generates Income Fast

Some business owners think that starting a company will put them on the fast track to making significant amounts of money. Some companies become lucrative right away, while others take some time. Timing the company’s expansion appropriately and maintaining economic growth rank are among an entrepreneur’s

most challenging tasks. Consider this: The first startup in India is Flipkart. The incredible story of Sachin & Binny Bansal, who established Flipkart as an online bookseller, is well known to all of us. From small beginnings, Flipkart rose to become the largest online retailer in India.

• Businesses either succeed or fail It’s simple to develop an all-or-nothing mindset about entrepreneurship because the media focuses primarily on the chosen few businesses that soar to success right away. It may appear that this notion is supported by the generally high failure rate of new firms. However, business owners must realise that starting a firm and maintaining it require a lot of perseverance and planning. Some businesses that struggle at first or have mediocre growth rates in the beginning eventually experience strong growth.

• Entrepreneurs do not have a private life.

One of the top 10 Myths of Entrepreneurship, people believe, is that entrepreneurs labour around the clock, 365 days a year. Working nonstop means you won’t have time for family, friends, or recreational activities. While it is true that business requires long hours and dedication, it is also true that you may have a personal life. To some extent, being in charge entails the ability to set your own hours. I’m not saying you can take time off whenever you want, but there is still time for family and social events. You will have no issue obtaining free time if you set a proper working regimen. Sure, having 100 tasks on your todo list can be intimidating. But you can’t accomplish everything at once; you can only do one thing at a time. Keep to your schedule. Don’t be concerned about tasks that you aren’t now working on. Entrepreneurs should restrict their multitasking.

• Entrepreneurs are high risk-takers.

According to David Rye, author of the book “How to Start and Operate a Business: Winning the Entrepreneurial Game,” entrepreneurs are frequently thought of in terms of the risk they take. An entrepreneur is defined by the dictionary as someone who takes commercial risks. Entrepreneurs, like any responsible businesses, understand that taking large risks is a gamble. Entrepreneurs do not take risks beyond a certain point. They appreciate situations in which they have a say in the outcome, and they enjoy challenges when they believe the chances are stacked in their favour. They rarely act until they have analysed all of the dangers involved in a venture, and they have an intuitive ability to make sense of complexity. These are the characteristics that propel them to success where others fail. Entrepreneurs are generally looking for the optimal risk/ reward scenario. They, like most humans, are typically hesitant to risk everything and take crazy chances.

• Starting a new business provides freedom and less work hours

Many people are drawn to the possibility of starting their own business because it allows them to break away from the standard 40-hour work week. Many people discover that despite leaving behind their old schedules and creative restrictions, they trade them for new demands. Sure, there will be more freedom in some ways, but entrepreneurship frequently necessitates significant sacrifices. It can take all of your waking hours; the work doesn’t stop when the clock strikes 5 p.m.

• Starting your own business requires tech expertise

You probably know a few tech experts who run profitable companies. The public is frequently misled about the success of the majority of IT entrepreneurs, though. Actually, there aren’t many tech-savvy entrepreneurs with flourishing enterprises. The truth is that running a firm doesn’t require a deep understanding of IT, and entrepreneurship is a flexible profession. An offshore development centre is always available to handle your IT needs. Consequently, pursue your passions rather than the current trend of being tech-savvy or IT-savvy.

• Entrepreneurs use venture capital to fund their businesses

Entrepreneurs understand that venture capital is one of the most expensive types of finance available. As a result, they will avoid venture capitalists and only use them as a last

resort. The majority of entrepreneurs finance their businesses through personal savings or borrowing from friends or lending institutions. We frequently remind people that venture capital is a small industry that funds a very limited number of small enterprises. To be funded by a venture capital firm, your company may need to match a variety of criteria and then find a VC firm that really loves it. Furthermore, because VC firms are hesitant to invest large sums of money in a single business, most VC-funded entrepreneurs must raise funds from many sources.

• An MBA is required to lead a business

It is typical to mix value and need when it comes to entrepreneurs and business qualifications. Formal schooling provides numerous advantages. However, the industry does not require entrepreneurs to have an MBA or other business degrees. Some of the company’s founders have engineering degrees. Some, for example, use their deep technical knowledge to identify technological gaps and design solutions.

• It’s not ok to give up. The belief that business owners must continue through all obstacles is a final myth. But the reality is that not every idea will grow into a successful business. Before settling on an idea that has legs, successful entrepreneurs frequently go through a cycle of trying out various concepts. Although giving up might seem like failure, it’s actually a typical occurrence for entrepreneurs and can teach them a lot of valuable things. It is crucial to know when to stop talking and go on to the next thought.

Final Words

Entrepreneurs are frequently motivated by control and freedom. People can be more flexible and in charge of their choices when they operate their own firm. Entrepreneurs are frequently driven by a desire to leave a lasting legacy. It’s simple to believe what others say about companies and entrepreneurs or what the media reports. But more often than not, it is a reflection of people’s worries, biases, and presumptions rather than the reality. Remember that entrepreneurship isn’t a game of chance; follow your passion, adopt the correct attitude, and set realistic goals while keeping in mind the aforementioned myths. Sprinkle some grit, time, and effort into the mix, and you’ll soon see your business take off.

Ankit Sachdev

Founder and CEO

Doori

Puja | Business Connect

While moving on the journey to find out the most distinguished business leaders, The Business Connect Magazine came across an opportunity to learn about Ankit Sachdev and his inspiring story. He is one of the magnificent gems shining in the Indian business world. Ankit – The man, who took the helm to bring affordable, trustworthy & straightforward healthcare solutions for people with his brainchild, Sensorize Solutions Private Limited – the health solution specialist, a topnotch entity that has etched its name as the pioneering leader in the panorama of research and development, manufacturing, and marketing of medical devices.

The visionary got the concept for an intelligent health monitor during the COVID. There needed to be some monitoring system that the afflicted population could use to contact doctors from the comfort of their homes quickly and permit remote monitoring if necessary because the medical system was under much pressure. As COVID was brought under control, he decided to focus on other health issues. Mr Ankit identified high blood pressure as one of these issues and decided to concentrate on it.

MORE ABOUT THE LEADING MAN

Ankit Sachdev, Founder & CEO of Sensorize Solutions, is an innovative business leader with immense working experience. He believes in understanding every process in detail. According to him, getting involved in the process rather than overlooking it is very important. “A leader is someone who leads, teaches, and learns.”

Currently, Mr Ankit takes the most pride in using his intellect and creativity to build a product that will unquestionably ease the load on the healthcare system in the near future.

HOW SENSORIZE HAS THE EDGE OVER THE COMPETITORS IN THE MARKET!

Sensorize business portfolio combines userfriendly devices, intuitive mobile application user interfaces, and connected services for doctors, medical equipment, and diagnostic procedures.

The business’s mission that served as the basis for Sensorize is to eradicate the disease from India. In India, there is one doctor for every 1445 residents, placing a heavy demand on the medical workforce. It would be simpler to diagnose underlying health issues and link individuals to the best doctors and medical supplies with a portable all-in-one solution.

The team is working hard to comprehend health issues and the causes behind them in order to develop products that can anticipate early warning signals, lessen their negative consequences, and, if necessary, identify treatments at the nascent stage of an illness.

Age, gender, and caste are not considered to be discriminatory factors at Sensorize. They have observed that while the Indian tradition strongly encourages the use of salutations like sir and madam, they recognise people’s true talents and assign tasks based on those people’s core strengths and abilities.

THE IDEATION AND ORIGINATION OF DOORI

The Doori Healthable is a predictive analysis measurement device that detects crucial vitals, including heart rate, oxygen level, body temperature, and blood pressure, and connects to a Smart mobile application. It is the first product that Sensorize is releasing on the market. The goal is to promote connectedness between doctors, dieticians, and patients by offering 24x7 telemedicine. They will use our mobile application to connect pharmacies and diagnostic centres as well.

“With our first brand, “Doori,” we aim to make health more accessible to consumers. We not only concentrate on identifying health issues but also support disease prevention. The innovative leader stated that blood pressure and blood sugar are the main issues at this stage, so we are concentrating on these.

SENSORIZE’S FUTURE OUTLOOK

The Sensorize team is focused on identifying every small error compromising an individual’s security, comfort, and health in the future and figuring out how to leverage technology and innovation to repair it.

THE KEY FORMULA BEHIND SENSORIZE’S MOTIVATED EMPLOYEES

Since they now work in a small team with a variety of educational backgrounds and educational qualifications and are responsible for the company’s invention, designing, technological development, marketing, and brand recognition, they have not yet mastered the art of aligning strategies. In terms of the future, they think that producing a motto, helping people comprehend the fundamental purpose and values, and developing a focused attitude would help leaders lead and inspire their teams.

INSIGHTS ON THE INNOVATION & TECH EVOLUTION

Anything new that could streamline a process is considered innovative. There is no such thing as poor invention. There is undoubtedly a motivation, an issue they have seen or experienced when someone thinks about developing a product or service. Electricity would not exist in the world if not for invention.

It is crucial to stay current with technological advancements. The world is heading toward lead-free, zero-emission technologies and renewable energy. Understanding the negative consequences of technology and learning how to enhance rather than irreparably damage the environment are crucial.

SOME WORDS FROM THE FOUNDER & CEO OF SENSORIZE

If you truly want to develop something valuable for the people, you must seek out the right mentors and learn how to listen well. To transform an idea into a successful startup, you actually need to have a strong core team. Find doers, not talkers, when choosing your team.

VERTO BIZSERV

EMPOWERED BY INNOVATION

VERTO is instrumental in creating impact on millions of clients across the globe by focusing on transformation and working on new initiative that influence their top line as well as bottom line.

Today, organizations are evolving their HR functions and human capital management (HCM) strategies to achieve their objectives. This has led to a rise in the demand for temporary staffing, talent mobility, and the provision of working schedules that satisfy employee needs, while not impacting business performance.

VERTO is actively involved in transmuting the way HR companies visualize their role in entire corporate paradigm. VERTO has positioned itself strongly as one of the most sought-after human resource solutions.

Established in 2011, Verto started its journey as a small enterprise firm that aspired to work as extended HR arms to companies; today, the firm is proudly moved to an Private Limited entity and has been hailed as one of the best Recruitment Partners serving clients across the industry & globe. Their unique selling proposition is a consistent inventive approach combined with a keen eye for detail to improve client experience.

Operating from its head office in Delhi, the firm houses a dedicated team of Professionals who cumulatively possess more than 360+ years of industry experience in all facets of Human Resources. They extend personalized touch to the client with complete heart, mind, and soul. The services are offered all levels that have a PAN geographical foot print.

Exclusive Service Portfolio

VERTO’s motto since inception is of being ONE STOP SOLUTION for its CLIENTS. This required specialized tailormade approach with laser focus on the end objective. Its rich portfolio accommodates an exclusive suite of specialized services across the globe at all level & Industry

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• PROJECT MANAGEMENT

• TRAINING SERVICES

• MANAGED & NON-MANAGED PROJECT

• OUTSOURCED HR SETUP FOR SMBs

As the name implies, VERTO means Transformation. VERTO’s core FOCUS is Client Growth through Process Transformation & enhancement. Managed Services provided by VERTO is the ideal solution for companies going through internal process renovation. With SMB sector VERTO is influential in contributing growth, by anchoring them with strong talent acquisition team & focus to build their teams which help them create an edge over their competitors.

Craving Out as a Differentiator

• Verto believes in delivering beyond agreed SOPs; resulting in becoming client-extended team rather than just a vendor.

• Verto’s every operation contributes to societal value, economic growth, and human empowerment.

• Verto team’s primary qualities are passion, inventiveness, and openness to new ideas, viewpoints, and experiences; this allows them to develop creative solutions to challenging problems.

• Verto ensure 100% client delight, thus getting good % of business growth through “Word of Mouth”.

Accomplishments on the Way

85% is our candidate acceptance rate: Team shares thoroughly verified resumes that are tailored to our client’s exact recruiting requirements

75% is our hire & joining are within defined timeline assigned, as our team can swiftly determine whether given prospects are interested in offered role & company. Thanks to our calibration process and engaging activities with them.

Employer saves time as VERTO’s seasoned talent search agents deliver quality facilitating faster closure and joining of the prospects; thanks to our data-rich, technologically simplified methodology.

Dinesh Bhandari

Managing Partner

Biswas Managing Director

VERTO – Team Building & Work Culture

For building an organization first and foremost step is building an effective team; company is known for ethos that the employees imbibe.

1. VERTO leaders placed greater value on individuals with high EQ levels than IQ levels; as they strongly feel, it is possible to improve people’s talents but not their attitude.

2. VERTO invest in their resources and advocate internal moment & promotions rather than external hires. For the first initial 05 years Verto invested in internal growth of their pilot team.

As the Verto management opines “We call ourselves VERTO FAMILY, not only in words but in action too. We encourage personalized touch with our employees. We believe in celebrating small to big achievements with equal pomp and show.”

Technical Evolution at VERTO VERTO, back in 2014, invested in developing an internal software and tool named JOBZPRO to enhance work output & productivity.

VERTO provides access to the client to use VERTO Business Hotline number; Verto uses all tools that benefits their clients to monitor their team & output 24 hours.

VERTO has dedicated expert data research team; which has prime focus to provide the strategic impetus through the research and findings. The effort is to continuously feed process and strategy team to re-craft the current version of procedures and policies for better results viz a viz the industry standard.

established itself as PRIVATE LIMITED COMPANY

• Verto got award of Best START UP

• Launched Payroll Outsourcing Vertical. Formation and deployment of FOS team PAN India.

Verto penetrated into new geographies; 8 new states with multilingual team inducted

Bagged first 1 Crore plus contract, a turning point for VERTO

During lock-down period - introduced Outplacement Services & extended professional assistance to Essential Service providers.

Established Technology focused team to enhance client experience & output.

• Dedicated BD team infused PAN India

Bagged a project for managing International Recruitment for an industry leader in Dubai- a big plunge.

VERTO INCEPTION date 14 December 2011

• Verto got into “Managed Outsouring Project” into Sales Enablement.

• Conceptualisation of Quality, training and HR as a support service.

Bagged multiple domestic projects catering to “end to end HR Setup” with industry leaders PAN India

• Business strategy transformed with technology intervention JobPro was introduced

First International Project inducted under HR Outsourcing Vertical

Rajarshi

ADANI of the Month Brand of the Month

The Adani Group, headquartered in Ahmedabad, is an Indian global conglomerate. Gautam Adani founded it in 1988 as a commodity trading corporation, with Adani Enterprises as its centrepiece. The Group’s diverse business ventures include port management, electric power generation and transmission, renewable energy, mining,

Gautam Adani Chairman & Founder

are its three main businesses. The production of solar PV modules, data centres, agri-output storage and distribution, rail and metro infrastructure, bunkering, real estate, financial services, oil exploration, petrochemicals, and cement are all areas in which Adani Enterprises has business interests through its other subsidiaries.

Adani Green Energy

Adani Green Energy, the group’s renewable energy division, has a portfolio that comprises wind and solar power projects. With a total installed solar power capacity of 12.3 GW, it is the largest solar power developer in the world. Adani Greens creates three new subsidiary businesses for the renewable energy industry.

Adani Ports & SEZ

The largest private port firm and special economic zone in India is Adani Ports & SEZ (APSEZ), which operates ten ports and terminals, the largest of which is Mundra Port. CEO of APSEZ Karan Adani is the company’s leader. The company runs a special economic zone, logistics, and port management. The following ports are where the company conducts business: Mundra, Dahej, and Hazira in Gujarat; Dhamra in Odisha; Kattupalli in Tamil Nadu; and Vizhinjam in Kerala.

Adani Transmission

Adani Transmission, which was integrated in 2013, manages the installation, use, and upkeep of electric power transmission systems. As of May 2021, the company, which operates India’s biggest private power transmission and distribution network, owns, operates, and maintains 17,200 circuit kilometres of transmission lines with voltages ranging from 400 to 765 kilovolts.

Adani Power

In August 1996, Adani Power was founded. As the largest private sector power generation company in the nation, the corporation constructs and maintains power plants. With four thermal power projects spread across India, it has a total installed capacity of 12,450 MW.

Adani Total Gas

The municipal gas distribution company Adani Total Gas in India provides compressed natural gas stations and piped natural gas connections to both commercial and residential customers. Adani Group, an oil and gas producer in India, and Total Energies, a French energy company, are collaborating on it. By November 2020, Adani Total Gas will be present as a standalone organisation in 22 different regions (GAs).

A 50:50 joint venture between Adani Total Gas and Indian Oil Corporation, Indian Oil-Adani Gas Pvt. Ltd. also manages city gas distribution networks. With a combined footprint of 41 GAs spread across 74 districts, Adani Total Gas is the largest city gas operator in India. To change the composition of the energy mix, the Adani Group recently agreed to a strategic relationship with Snam, the leading gas infrastructure company in Europe.

Adani Wilmar

Adani Wilmar, a partnership between Wilmar International Limited and Adani Enterprises Ltd, is the owner of the Fortune brand of edible oils. Including soya bean, sunflower, mustard, and rice bran, it boasts the broadest selection of edible oils. About 20% of the Indian market is made up of its Fortune brand of oil.