Entrepreneur of The Year 2023

REMARKABLE JOURNEYS OF EXEMPLARY LEADERS…

We always emphasize on how values and ethics may assist a leader reach new heights by discussing the inspiring success stories of some inspiring Indian business tycoons who are renowned for their exceptional leadership. We are here to recognise and honor the outstanding CEOs from each industry who have been chosen by our knowledgeable panel of judges, editors, data analysts, and other members of the team. The profiles of the luminaries presented here were a natural fit for this “exceptional addition” to our series of publications, according to the vision and direction of our magazine.

Basking in the glory of their accomplishments, these leaders are recognised for the relevance and competence they have demonstrated in their fields while guiding customer-centric businesses. These corporate tycoons have imagined goods and services that can transform people’s lives on a fundamental level, having a significant impact on our economy. The exceptional chieftain presented in this brand-new edition might undoubtedly be said to be the definition of an out-of-the-box mindset due to their extraordinary business acumen, perseverant attitude, and ardent efforts. In an effort to be a powerful narrator of the entrepreneurial buzz and identify the prominent persons with a persistent drive to make a difference in the world, our group of passionate people collaborated to co-create this amazing issue.

Pushing our boundaries in terms of content to make our magazine more and more intersectional, we have always tried to bring out the best in favour of our global readership. In view of this, the enlightening articles about the achievements of some phenomenal business heads will offer you suitable information as there is so much to explore and so much to ponder over. And the impassioned fervour of the Vijay Kuppuswamy aka ‘Mr V’ propelled us to highlight his vignette on the cover page. Under his sheer guidance, VLabs has grabbed global reputation for its tech based solutions. We can assure you that his success story would be a considerable addition to your new year fervour. Do read out his full story to dive into the pool of phenomenal business insights and unique perspectives and let us know your precious views on it.

At last, I take off with a sense of gratitude for all the admiration and cognizance showered upon us by our global audience. We will be back with an exhilarating read soon, till then, keep us in the ‘know’ how we are doing via your precious feedback and be extra cautious for your physical as well as mental health for comprehensive growth in any pursuit.

Kajal Dobhal Kajal@businessconnectindia.in

Vol - 5 | Special Edition | January 2023

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 | Kavita Tiwari 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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(Technopreneur)

V LABS & SOLUTIONS

Vijay Kuppuswamy aka V

A technopreneur introducing mind-blowing breakthroughs in the filmmaking process

Entice Supplements Pvt. Ltd.

Vijay Kuppuswamy aka V

A technopreneur introducing mind-blowing breakthroughs in the filmmaking process

It has been estimated that the next big leap in the entrepreneurship ecosystem is going to be technopreneurship. Technopreneurs are usually passionate tech-savvy individuals who are driven by their creative side and zeal to take calculated risks. The efficiency of their tech product decides the future and success of their venture. The product need not be a big revolutionary breakthrough but indeed an offering that could impact lives for sure.

In a nutshell, an idea successfully turned into a product is what technopreneurship stands for. One such idea fuelled the passion for entrepreneurship in a tech evangelist- Mr Vijay Kuppuswamy aka V. His idea was to harness the power of business process automation and deliver products that could improve functionalities in different niche markets. His unique product line has grabbed eyeballs across various industries and the film industry was majorly drawn to one of its superb products- Honey Flicks.

We were extremely delighted to get a golden opportunity to arrange a virtual meeting with Mr V as he spilled the beans on his extraordinary venture and the vision to reform different markets with his extraordinary tech products. Tapping into his creative side, he has managed to make huge leaps and bounds in his career trajectory that we couldn’t help but highlight in this special issue.

Kajal | Business Connect

Company Overview

Business Process Automation is the core specialization of the company while providing over 15+ years of industry expertise. It has offered more than 100+ solutions with lucrative results to various clients so far. Established in 2007, V LABS (formerly known as V corporation) began its journey as a creative business organization that was into offering state-of-the-art goods and services. Their unique solutions developed top-notch services and products that facilitated extending, enhancing and improving virtual environments. Today, the venture gives strong competition to its giant peers owing to its innovatively driven caliber to deliver as per the customer pain points.

V Labs assists businesses in achieving new levels of productivity and efficiency with a full suite of solutions that automate complicated procedures and address technological difficulties. The company makes a lot of effort to launch new, potentially successful enterprises that can have an impact on the sector. The strategic approach to their exclusivity is to determine all prospective areas where a firm can succeed totally as part of its diversification strategy. They create our business concept, run a thorough series of trials to determine the results, and record all of the operational procedures. This makes it possible for them to develop a business model that is impenetrable and profitable for the company while adding value to the environment.

BUSINESS VERTICALS

VLabs has now diversified into multiple businesses and made a footprint in each of the domains. The current businesses verticals on which it is focussed are-

1. IT Consulting & Development (Web and Mobile App Development, Custom Software Development, Strategic Planning, Consulting, Market Research and anything that is related to IT)

2. Media works (Honey Frameworks, an emerging production house that makes Movies, Ads, Brand Videos, 3D Previz, Storyboards)

3. Recruitments Services (Raising, Leasing, and managing the workforce as per client’s business requirements in IT & Non-IT sectors)

4. Honey Eventz (An event management company that can make your events more remarkable)

5. Honey Markz (A digital marketing agency that can make your brand go viral over the night)

6. IT Infra management (Cloud (AWS, GCP, Azure) and Data Center management)

7. Corporate Training (Devops, Scrum, PMP, Angular, Dotnet)

FLAGSHIP PRODUCTS

1. Honey Flicks- A comprehensive movie management software with which one may create any complex media project without losing direction or control amid chaos. Additionally, it enables movie production companies to effortlessly oversee the entire filmmaking process from a remote location.

2. 3rd Net - A complete company Automation System that starts from Company Registration (Proprietorship, Partnership, Private Limited, LLC) and provides everything that clients are in dire need of.

3. VPay- An unified payment platform that can be integrated with all apps and PGs.

4. VRobo- A software automation unit that can Write Code, Build Apps, Release Apps, Monitor Logs, etc.

“ATM Chennai meet - Smt. Mallika Badrinath, Kalaimamani Smt. Meera Sivaramakrishnan, Dr. Srimathy Kesan and V.

A CSR initiative

V Labs is driven by its thoughtful business philosophy to provide each individual with equal opportunity. As part of its CSR initiative, V Labs has facilitated work-from-home models to married women under its unique program named ATM(Azhagiya Tamil Magal). It is a Non-Profit Tamil women’s community formed in July 2018 by Sujatha Subramanian to build and support women folks all round the globe. The company has grown close to 10,000 women community driven by its motto to showcase talents, promote business women, nurture/ preserve richness of arts, festivals, culture and promote work from home opportunities for women.

Mr V believes that women empowerment should not just be in the speeches or articles, but should be in each individual’s practice. Being a thought leader, he has ensured to offer each married woman to pursue their career interests at the comfort of their home. He has taken several considerable measures to remove the bottleneck by providing a suitable work environment for them. Being a tech suite, they have developed a platform to track the progress and productivity of professionals working from home. In one or other way, this WFH business model is actually mutually beneficial to female employees as well as the organization in numerous ways. All of the women employees are working from home so far and motivated by Mr V’s step, many organizations have taken the same steps.

V ROBO

Mr V elucidated that V Robo is one of his flagship offerings and vision turned into reality in the form of Robotic Process Automation. The tech space has been taken by storm by RPA owing to its ability to perform high-volume repetitive and process based transactions with ease. It is being said that CIOs would be mandated with RPA in terms of functionality. Also, cognitive labor or any kind of workload for human workers would be reduced with RPA. The baseline for V Robo as explained by Mr V is- “Always send a machine to do a machine’s job”. The targeted industry is IT where it can remove human intervention completely and automate the majority of business processes. This gives a drastic difference in the result with great performance & productivity, avoids human errors, saves precious time, etc.

KEY

DISTINGUISHING FEATURES OF VROBO-

• Write code with the help of a Codegen

• Build and Release Apps with Devops

• Scrape data

• Create and Monitor Logs

• Do Cron Jobs

T. G THYAGARAJAN’S VIEW ON HONEYFLICKS

We happened to interview T. G Thyagarajan who is a veteran in Tamil movie production and needs no introduction at all concerning his partnership with Honeyflicks. He is an avid believer of the use of newage technology in the movie-making industry. For this, he searched for a Production Management System that could help him make better decisions and create unique movies.

According to him, “The tech boom has undeniably altered the face of the film industry in the 20th century. Rapid growth followed by greater evolution, the film industry has transformed spectacularly. Be it any imaginable niche, technology ensured a paradigm shift in each industry. Nothing is conventionally done today, be it sound engineering, editing mechanism, and postproduction marketing. Today, incessant tech inclusion has improved as well as simplified the scope of moviemaking art. It would not be an exaggeration to say that doing business with movies has become quite effortless with tech inclusivity in the modern world. Drones, 4k+3D Technology, 3D Movie Technology, Dual Camera VR, etc, are some of the worthy mentions that are supporting industrial growth in the most sophisticated manner. My quest to seek a reliable tech solution to improve production functions led me to Honey Flicks. These groundbreaking solutions formed by V Labs have enormously helped the team in making

Vishamakaran movie - . As a software tool to streamline seamless movie production, Honey Flicks has created a buzz across the industry. It is a strong software platform and requirement-driven methodology that was built as an use case for Vishamakaran. The movie was made by an Indie Director and he was able to reduce the call sheets from 19 to 13, saving 40% of the original cost. If one independent filmmaker could accomplish this, just think of what a skilled team could do? I have realized the impact and potential of the platform that forced me to immediately partner with the team to take this platform to the whole movie industry in a SaaS model. There is no second thought to the fact that the younger generation would make use of such a platform and come up with better movies. Even the well-accomplished director, Mani Ratnam and actor Prasahanth have also realized the significance of Honey Flicks owing to its resource-saving drive and budget friendly prices. During the launch of the product, both of them ensured their gracious presence at the event. I am not hesitant to reveal that Honey Flicks would be used in full swing for my upcoming project- Veeran and Captain Miller. Indeed, Honey Flicks is a path-breaking platform that aims to revolutionize the functionality of all media production houses to aptly manage the production pipeline. To upgrade this platform, V Labs is about to extend the technology by creating a 3D Previz via Honey Frameworks, for an important chase sequence for my dream project- Captain Miller starring Dhanush- a well-acclaimed Tamilian actor). Also, we would be digitizing and automating our producer council activities and Title registration processes via Honey Netz.”

THE TECHNOPHILE’S VIEW ON SUCCESS

In regard to Mr V’s spectacular success, we happened to ask him to define the term success. To this, he responded, “Being a technophile, I see success from the product point of view. Though it is a fancy term for me, I would say three aspects play important role in it for me-

• Completion of the project/ product implementation

• Adaptability of the product in the niche market

• Monetization of the project or product that defines the end-value

About the leadership style

Mr V’s leadership is undeniably one-of-a-kind in many ways. Based on his personal experience as a leader, he suggests aspiring leaders need not be indulged in every aspect of business operations themselves. It is crucial to put your trust in the team and give each member a chance to learn from his/her mistakes. “As a leader, you should guide the team members as per your experience, rather than doing everything on your own. Getting your hands in every aspect would not take your venture anywhere, trust me,” concluded Mr V.

Sundar Pichai

The Man behind Google’s Explosive Growth

Indian-American business leader Sundar Pichai also called Pichai Sundararajan serves as Alphabet Inc. ‘s and its subsidiary Google’s chairman and CEO. He was included on Time’s 100 most influential people list in 2016 and 2020. Pichai joined Google in 2004, where he was in charge of product management and innovation for a number of Google’s client software products, including Google Chrome and ChromeOS, as well as being substantially responsible for Google Drive.

Quick Facts on Sundar Pichai:

Occupation: Business Executive Designations: Chief Executive Officer (CEO) of Google and Alphabet Inc.

Date of Birth: June 10-1972 Age: 50

Place of Birth: Madurai, Tamilnadu, India Marital Status: Married Spouse’s Name: Anjali Pichai Children: 2, Kiran Pichai(son) Kavya Pichai(daughter) Spoken Languages: English, Tamil, Hindi Hobbies: Playing and watching Soccer, and Cricket, Reading, Sketching, playing chess.

Early Life:

Pichai was born in Madurai, Tamilnadu, India. Lakshmi, his mother, worked as a stenographer, while Regunatha Pichai, his father, was an electrical engineer at the British multinational GEC. His father also owned a factory that made electrical components.

Pichai completed his education at Vana Vani School at IIT Madras and his senior year at Jawahar Vidyalaya Senior Secondary School in Ashok Nagar, Chennai. He is a prominent IIT Kharagpur alumnus who graduated with a degree in metallurgical engineering. He received his M.S. in materials science and engineering from Stanford University and his MBA from the Wharton School of the University of Pennsylvania, where he was recognised as a Siebel Scholar and a Palmer Scholar, respectively.

Career:

Initially, Pichai had the plan to do a PhD but instead decided to do a job. He started working in an Applied Materials firm as an engineer and product manager. Then he joined McKinsey & Company and worked as a management consultant. Pichai realised that switching to Google would be a good professional decision after attempting to persuade a McKinsey colleague not to do so. In 2004, on April Fool’s Day, Pichai joined Google. Surprisingly, it was on the same day that Gmail was released to the public.

How Did Sundar Pichai Become CEO of Google?

Pichai joined Google to work on the search toolbar as a manager. The toolbar was created to make it simple for users of Internet Explorer and Firefox to access Google search. Pichai was inspired by the toolbar’s popularity to consider Google creating its own web browser. Google’s former CEO Eric Schmidt said it wasn’t worth the expense.

Pichai, who firmly believed in the concept, eventually persuaded Google’s Larry Page and Sergey Brin to introduce their own web browser, Google Chrome. Pichai oversaw the introduction of Chrome, which later surpassed Firefox and Internet Explorer to claim the title of best web browser worldwide. In 2008, Pichai gained recognition on a global scale as a result of this, and he was appointed Google’s vice president of product development.

Later, he oversaw the developments of other programmes including Gmail and Google Maps. Pichai unveiled ChromeOS on November 19, 2009; the Chromebook was made available for testing and evaluation in 2011, and it was made available to the general public in 2012. He unveiled the new video format, WebM, and announced the open-sourcing of the new video codec VP8 by Google on May 20, 2010. Pichai expanded the range of Google products he was responsible for adding Android on March 13, 2013. Prior to Google, Andy Rubin, the director of Jive Software, oversaw Android. He served from April 2011 to July 30, 2013.

Pichai was apparently vigorously chased for employment by microblogging site Twitter in 2011, and in 2014. He was also mentioned as a possible CEO for Microsoft, although in both cases he was given huge cash packages to stay with Google. Eventually the position of CEO of

Microsoft went to Satya Nadella. Pichai was also associated with Google’s $3.2 billion acquisition of Nest Labs in 2014. Consequently, when Google co-founders Larry Page and Sergey Brin declared the establishment of Alphabet Inc. in August 2015, it came as no surprise to industry insiders that Pichai was named CEO of Google, which was reorganised as a subsidiary. In December 2019, he was also named CEO of Alphabet, succeeding Page, who stepped down.

What People Say about Him:

In the words of Chris Beckmann, a former Google product manager, “He hired, mentored, and retained a superb team.” “Like the software engineers within Search Quality, Sundar’s team of product managers had a reputation for being among the best of the best.”

Keval Desai, a former co-worker, describes him as “a really strong opinionated person with distinct point of views about where product and initiative might go, but he’s extremely good at allowing other people’s perspectives emerge before he gives his own.”

Awards

The Government of India in 2022 awarded Pichai the Padma Bhushan Award, the country’s third-highest civilian honour.

Personal life

Pichai enjoys playing football and cricket. Anjali Pichai, a chemical engineer from Kota, Rajasthan, who was born into a middle-class family, is the wife of Sunder Pichai and frequently serves as the driving force behind all of his endeavours.

The couple met while they were in their first year of engineering at the Indian Institute of Technology Kharagpur and quickly became close friends. The couple currently resides in San Francisco’s Bay Area with their two kids, a boy named Kiran Pichai and a girl named Kavya Pichai.

Ambitious and Inspiring, Sushmitha S Sets a New Parameter in Skincare with

ENTICE SUPPLEMENTS

Sushmitha Gowda Founder Puja | Business Connect

According to WGSN’s Big Ideas 2023 report, in the post-pandemic era, a deeper focus on health, science, sustainability, and social justice will transform beauty routines and products with long-lasting, reusable, planet-friendly, and circular products gaining precedence over the rest.

One of the burgeoning brands in the skincare industry, Entice Supplements Pvt Ltd brings a range of naturally infused skin care products. In an effort to help people in attaining healthier skin without breaking the bank, Entice Supplements exclusively focuses on potent ingredients and hassle-free outcomes. Instead of using any synthetic materials, the products are manufactured here using elements like floral and fruit extracts that are sustainably obtained. Formulas are delicate in consideration of Indian skin and the issues surrounding it. The sustainable beauty brand’s natural skin care products are setting new benchmarks for the sector.

Envisioned to help people get glowy skin, healthy hair, and ageing gracefully, the entire Entice team has been working tirelessly to develop distinctive and innovative products suitable for all skin types with the goal of assisting people in achieving glowing skin, healthy hair, and ageing gracefully. The pandemic has opened people’s eyes, and Sushmitha has effectively used this crisis to create a plethora of opportunities that have helped her brand achieve incredible success.

THE SPIRIT BEHIND THE SUCCESS

In contemporary India, an increasing number of women are pursuing entrepreneurial endeavours and establishing the foundation for other women to join the workforce. These women leaders are equally intelligent and motivated as any of their male counterparts, in addition to being highly educated, brilliant, self-assured, ambitious, and career oriented. This empowers them to wear multiple hats both at home and at work –Sushmitha S, Founder, Entice Supplements Pvt Ltd is one such inspiring story in the Indian startup ecosystem. She is dedicated to developing a skincare line that is suitable for all skin types and combines the best organic components.

Sushmitha founded and has since been heading the Entice team, with her exemplary leadership and education since inception and has seen the brand flourish to become India’s unique skincare initiative offering a range of natural skincare products. Each product in her skincare line perfectly balances the substances skin needs with the knowledge of science and the advantages of nature. She aspires to provide top-notch skincare that appeals to individuals of all ages and promotes healthy, nourished skin.

“Beautiful skin is for everyone.”

Sushmitha Gowda, the founder of Entice, is also the brains behind the amazing and natural Ashyraa haircare (Ancestral recipe), a one-stop solution for various kinds of hair issues. Ashyraa haircare is Sushmitha’s grandma’s recipe, and she always had healthy hair using it hence revealing the secret to the world about the ancestral recipe. The actressturned-entrepreneur envisions her brand to be the number one choice for hair care, treating hair issues as well as their particular circumstances and well-being in order to give people higher confidence in the way their hair looks.

“The skin is the largest organ of our body and ages as we grow old. At Entice, we have created collagen-rich products to specifically cater to the needs of the Indian skin type. Collagen is a natural protein responsible for the youthfulness of our skin. It keeps the skin soft from the inside and wrinklefree from the outside. Healthy glowing skin and lustrous tresses lead to self-confidence. We take pride in bringing top-notch skincare to your home since having beautiful, healthy skin is essential, not a luxury”, the beautiful lady proudly shared.

SIGNIFICANCE OF R&D – THE KEY BEHIND ENTICE’S RAPID GROWTH

R&D plays a crucial role for any organisation since it offers insightful knowledge and helps to enhance current processes so that efficiency may be increased and expenses can be decreased. Additionally, it enables companies to create fresh goods and services that will help them compete in cutthroat markets.

KEY ADVERTISING STRATEGIES

The women-led brand focuses on skincare-infused makeup that is free of parabens, petrochemicals, and alcohol and brings unique marketing tactics to promote its solutions. Their strategies towards working on advertising or marketing are identifying the target audience, setting our goals, bringing in professionals, finding time and place to run the ads, enhancing social media ads as a significant part of the audience are driven via social media and evaluating the success of the ads.

LEADERSHIP & WORK CULTURE

Taking on difficulties and risks is the foundation of leadership. Think carefully, organise your thoughts, and portray your sincerity, honesty, respect, and dependability to others. Finally, it’s all about teamwork and motivating others to produce their best work.

A company’s mission, values, ethics, and environment play into its culture. Employees are encouraged to reach the potential of their skills fully, and they’re likely to grow through the job experience.

Insights on the Recent Transformations in the Startup World

For more than two decades, the transformation has been percolating. The entrepreneurial ecosystem in India has been developing over time. Driving innovation, giving people the freedom to improve their skills and abilities, and introducing fresh concepts and goods all play significant roles in change.

FUTURE PLANS

With its scalable marketing, serving repeated clients, achieving positive ROI on organic marketing efforts, getting the first testimonial, and outsourcing the first business task or function, Entice Supplements has achieved numerous milestones since its inception. Now, it is looking forward to expanding its business by providing third-party manufacturing for budding ventures and launching more varieties of products. Presently, they are expanding Pan India by setting up a pop-up at salons; now, they are aiming to serve worldwide with a physical store in the coming years.

WORDS OF WISDOM

Be humble and learn. When it comes to qualities such as confidence, it can be easy to put on a front and come across as a solid entrepreneurial character. However, knowledge is something that you need to know for sure. Good businesspeople are perpetual learners who never stop learning or asking questions. You never know what you’re going to learn along the path, so don’t give up, don’t take things personally, and don’t take no for an answer.

CLOSING MESSAGE TO THE READERS

Believe in yourself. It’s never too late to begin the project you’ve always wanted. Go ahead and start. Every business you start will include some level of risk. But only when you step into the world of business you’ll explore a lot of things and make it big. To taste success, you need to taste failure first. Failure teaches us things that we weren’t aware of. Never give up. Failure is an experience to explore the world of success.

GENLITE ENGINEERING PVT. LTD.

K. P. RAMACHANDRAN Managing Director (Owner & Founder)

The Inception

GENLITE was founded in South India as a result of K P Ramchandran, better known as KPR, giving notice of his departure from his esteemed position as a bank manager at a renowned private bank, on the invitation of a friend and customer of the bank, Mr. Kamal Jain. They teamed up and formed Genlite Private Ltd (GPL), a private limited company registered with the Calcutta ROC in 1982, after deliberately opting to expand its clientele in South India. The company opened its base in Chennai in April 1983, in the Georgetown area, and KPR assumed management responsibility for the entire South India operation. The rest as they say is history.

In 1983, his colleague and his brother, M J Tommy and K P Unnikrishnan, joined the team and assumed leadership of the activities the newly-opened Coimbatore branch and the Bangalore Branch in Karnataka in 1984, respectively. In 1983, V Ramachandran joined GPL as management assistant and assumed leadership of the activities in Kerala as GM when the Kochi branch opened in 1986. He retired in 2019 as the VP of Genlite. The founding Directors of GPL decided to split ways and work collaboratively to launch their own businesses in 1988.

From 1985 to 1990, Genlite’s factory operations were launched on leased property in Chennai’s Mount Road, Saidapet, and concurrently on rented property in Bangalore’s Bommanahalli, and finally, in its own factory space at the SIDCO Industrial Estate in Chennai in 1988. Genlite began operating a facility in Kerala also in the same year. From 1990 to 2009, all the plant operations were moved to Pondicherry, where K P Gopinathan (KPG), brother of KPR, joined GGPL as an Executive Director in November 1993 and assumed charge of the entire production.

The corporate office was moved to larger quarters at 19, Mooker Nallamuthu Street in Chennai in 1986, which remained the landmark office till 2020, even after moving its Registered office

to Sterling Road in 2005 and later to its current Mehta Nagar office in 2014.

The Genesis

From assembling gensets at site as per customer requirements, to being synonymous with KOEL gensets in most of the Southern states, GENLITE has come a long way since its founding. KPR founded Genlite Diesels, (GD), a private entity and foundation of the current Genlite Group, followed by Genlite Generators Pvt. Ltd. (GGPL), incorporated in 1990, with his wife, Mrs. Valsala Ramachandran. In May 1997, Genlite Engineering, a new partnership firm was incorporated with KPR and both his daughters, Maya Ramachandran and Hema Ramachandran, as the partners. In Jan 2007, GENLITE ENGINEERING PRIVATE LIMITED (GEPL), a Private Limited Company under the Companies Act, 1956, was incorporated with KPR, Maya, Hema, KPG and Valsala Ramachandran as its directors. The current leadership panel of the company comprises the board of directors - K P Ramachandran (MD), Maya Ramachandran, K P Gopinathan and Valsala Ramachandran (Directors).

In 2005, Genlite bought an acre land in SIPCOT Industrial Estate at Irungattukottai, Chennai, and established its first own manufacturing facility, completing its construction in stages between 2006 and 2008, when it became a fully functional manufacturing unit with the latest cutting-edge technology CNC machines to manufacture acoustic enclosures for generators and to assemble diesel generators upto 1010 kVA.

Today, Genlite produces and dispatches the highest number of sets from its 2 units near Chennai in Tamil Nadu and 1 near Kochi in Kerala totalling around 85,000 sq.ft., and 2 warehouse facilities at Hyderabad in Telangana and Vijayawada in Andhra Pradesh with an additional 6000 sq.ft. storage facility.

AN OUTPERFORMING GOEM HIGHLY RATED FOR ITS QUALITY ASSURANCE FOR 40 YEARS IN THE INDUSTRY

Renu | Business Connect

Growth Story

In the 90s –The Period of Liberalization/Globalization, Genlite became the Original Equipment Manufacturer (OEM) for big brands such as Kirloskar Oil Engines Limited (KOEL), Ashok Leyland and Caterpillar. All the principal companies rendered their full support to the company and Genlite soon became the best Genset OEM for KOEL, Leyland and Caterpillar enginepowered Gensets. By 2000, Genlite had opted to stay with the Kirloskar group as part of the brand exclusivity system and became a leading GOEM for Kirloskar Oil Engines Limited (KOEL) in the South.

Since 1983, KPR, the man behind Genlite, who was earlier with The Federal Bank Ltd for 14 years, has worked in this industry and proved his prowess and expertise, both as an exemplary administrator-cum-businessman with exceptional manpower and financial management skills. Under his leadership, Genlite has excelled in the production and marketing of Diesel Gensets from 5 to 1500 KVA range for 40 years, as one of the exclusive AGOEMs of Kirloskar iGreen Diesel Generators.

Today, GENLITE supplies more than 6000 sets a year through a network of 7 offices, 3 production units, 2 warehouses and about 40 dealers catering to the states of Tamil Nadu, Kerala, Telangana, Andhra Pradesh and Puducherry.

While KPR helmed the total management of the company as MD, KPG took charge of all manufacturing activities; Maya, who joined the company as a trainee in 1997, went on to become the Management Representative and current Director, handling the entire HR and Administration; and Hema, who also joined as trainee in 2004, took charge of Marketing and Dealer Management and went on to become Director till 2014. In 2020, Mr. V D Sivakumar, a veteran in Genset field, ex-KOEL employee and a long-time associate of Genlite, joined as the Company CEO, and assists the board of Directors in the overall management of the company, along with the VP, AVPs and Managers.

The Leadership Team

In 1984, Mr. G Sam joined the company as a Sales Executive and went on to become the marketing head and current VP of the company. In July 1993, as a result of the tragic death of MJ Tommy, his son, Mr. Joe Tommy, joined the company and assumed the role of senior manager to run the Coimbatore region and is the current AVP for the ROTN region. In 1994,

Mr. K K Jayakumar, KPR’s nephew, joined the Pondicherry works for training before establishing the company’s marketing initiatives in the Madurai and Thiruvananthapuram regions. He is currently the AVP for the Kerala region. Mr. S Mahadevan, who joined in 2003 as an Accountant, went on to become the CFO and the current AVP (Finance) in the company. In 2016, Mr. T Pramoda Kumar, an Ex-Airforce retiree with additional 15 years of technical experience in the Genset industry, joined the company to spearhead the Higher Horse Power (HHP) genset sales team and is currently AVP (HHP) in the company.

The X-factor

GENLITE is a business committed to producing high-performing diesel gensets for its clients through an enthusiastic staff that is supported by a culture of trust and compassion. Some of the distinguishing features of Genlite’s quality policy are -

• GENLITE Group is perceived as a preferred employer. It recruits, trains and nurtures employees, who are proud to represent GENLITE and to offer its clients best-in-class goods and first-rate services.

• Another key factor is high-quality assurance. The organization is unwaveringly committed to delivering high-performing quality products to its customers by continual adoption of best practices in the industry and setting a benchmark in the trade.

• Genlite endeavours for 100% customer satisfaction at competitive prices, 100% reduction in every reported instance of “zero hours” failure, and on-time delivery for at least 90% of orders, subject to terms and conditions.

• The market accolades their inclination to environment protection and conservation outlook. They promote and foster the conservation of nonrenewable resources and energy.

• Genlite also endeavours to inculcate human values in the organization culture, among employees and stakeholders through its active CSR activities, employing and integrating differently-abled employees in the organization, imbibing a sense of mutual support through its own trust, initiated through the contribution of its top management and employees, to meet the emergency medical and education needs of its needy employees.

• Genlite aspires to be the go-to company for all customers’ power needs, be it domestic, industrial, utility, distribution, alternate or renewable source.

TOP TRENDS IN FOOD AND BEVERAGE INDUSTRY

If there is one thing that is constant in foodservice then it is only changing, change is constant in this industry. Every year brings new wrinkle like 2019, therefore fresh food trend in 2020 is the center of attraction in the F&B industry. The Best innovative trends in F&B industry, that were not even foreseen in 12 months are the center of talk for every entrepreneur that is part of the industry. This question goes into the mind of the food industry that “What’s the next?” to encompass all the developments that are both current and structural in long run will continue to affect the industry for years to come and presently.

The year 2019 has witnessed to be immense in terms of growth and complex patterns in the global F&B industry. We will structure some of the top food and beverage industry trends that were prominent in 2019 and will continue into 2020.

CHANGING CONSUMER PREFERENCES

Similar to 2019, bold and exotic flavors, snacking, and health and wellness are still at the forefront for consumer food preferences in the upcoming year 2020. However, this time this will happen in a more elevated way. All the consumers want fortified and functional foods, which are balanced and good for health. Recently, the customers are looking for the food that fuels their brains and benefit their physical appearance. Grocery shelves will continue to be stacked with products like health beneficiary products, which provide additional functionality to consumers’ bodies.

The changing customer’s preferences also add to the consumer’s plate that they also want food, which is not only good for them but also good for others. Whether the food they want to eat is a product that reflects simply its nutrition and benefit or is in environmentally friendly packaging. More than millennials, Generation-Z consumers are “clean eaters” they like live kitchens. They also have a strong interest in knowing everything and not only what the product is but how it is made and by whom. Transparency of food is required as a constant change; this is how it came into top trends for food and beverages. With today’s instant access to information, if a consumer can’t understand or find out where and how a product is made and what’s in it, they’ll be more inclined to leave it behind. The rise of clean labels and sustainability efforts will continue, but so will the rise of positive branding by companies that are leading in being good and also doing good.

FOOD SAFETY AND TRANSPARENCY

Another trend in Technology for Food Industry is food safety. Most consumers nowadays demand to know more

about the food they eat and its value. Food safety issues are costing the food and beverage industry billions each year. This thing will be more important than ever for the Food industry to pinpoint safety issues immediately. Some of the technologies like blockchain will continue to gain traction. Companies will move beyond trying to understand what blockchain is, to figuring out how to be a part of it. A survey of middle-market food and beverage chief financial officers found that just 12 percent are currently using blockchain in this industry. But that number will increase as more industries become aware of block chain’s benefits across the entire food chain from the grower to the manufacturer, distributors and beyond.

ROBOTICS & USE OF AUTOMATED GUIDED VEHICLES

The food and beverage industry is greatly interested in Robotics Technologies and Automated guided vehicles, where they replace human beings. With the rise of both techniques in the hotel industry the per capita income, living standards and labor standards were increased. The cost of acquiring labors has seen a sharp rise and it suffices the needs gratefully. Robots can do tasks perfectly which are to be repeated consistently. This will reduce human errors in the execution phase.

During mass production, tons of products and cartons need to be moved from one place to another. In-house stock movement can be a hectic task if a limited labor force is available. Automated Guided Vehicles can transport goods from one place to another if pick and drop coordinates are well defined. This provides speedy transportation with maximum efficiency for goods movement.

BUILDING A FREELANCE EXPERT PLATFORM FOR

PROFESSIONAL TALENT

In our endeavor to exhibit new and innovative enterprises that have come out with unconventional services to benefit the customers, we came upon the profile of IndusGuru Network Partners which is making a mark in the consulting industry. The company works on a unique business model and runs on an impressive strategic roadmap. We decided to arrange a virtual meeting with the leadership panel, in conversation with Shanu Malkani and Deepak Malkani (co-founders) we discussed various aspects of their business model. Let’s dive into the excerpts of the conversation held with them-

and our platform is aimed at fueling its growth and acceptance across the business community,” shared the founding duo.

VALUES DRIVING THE BUSINESS

THE PREFACE

Indusguru was founded in Jan 2016, with the objective of helping Freelance, Independent experts access a wide range of interesting business consulting opportunities and freelance roles . They began by aggregating a network of freelancing industry experts sourced from 6 major domains- Strategy, Finance, Marketing, Operations, IT and HR. Today, their network is enriched with profoundly skilled industry experts across 30 industry segments that can provide invaluable services to their clients’ businesses. Any specialist who has been empaneled on their platform has over 10-15 years of experience in the specific field. . Before bringing each industry expert on board, they facilitate a process of curation that involves a one-onone video call interview to assess their area of specialization and overall expertise. Undeniably, the pandemic has fueled their business model that thrives on full-time freelancing.

Today, IndusGuru serves Large Corporates, Consulting firms, SMEs, startups and Non-Profits, etc, as an online marketplace for expert consulting across the industry. What has set them apart from other ventures is the in-depth subject matter expertise and diverse business specialization under a single roof. The business operations are simple, transparent and efficient with an emphasis on customer service.

IndusGuru is a curated platform based on a freelancing business model, that helps bridge the gap between an independent professional talent pool and clients that seek industry and functional expertise. Freelancing is the new normal, that has pervaded every sector today and our business has achieved considerable growth owing to this market trend. “The sense of freedom, independence and flexibility one gets from freelancing is unique

Building close working relationships with clients is the underlying value that subtly drives the business at IndusGuru. From understanding their project consulting needs to suggest a reliable set of experts, the company is known to perform as per the client’s requirements and budget. The insights and understanding of the skills across their network expertise have helped them chart an effective path to their client’s success. In order to confirm the selection, the leadership team arranges several client-consultant meetings and engagement sessions. Likewise, diligence is also done to ensure a strong cultural fit between the expert and the client organization.

THE 4C APPROACH

The value proposition offered to the end client by IndusGuru could be summarized as 4Cs. Let’s acknowledge those-

• Curated Network- A robust curation process by the company ensures IndusGuru experts deliver better services.

• Convenience- An effortless access to online profiles and project posting making it a single store for diverse business expertise.

• Choice- The flexibility to engage and choose from the pool of experts that strive to make a difference to their end clients.

• Cost Effectiveness- An unrivaled professional assistance that comes at a budget-friendly price. The clients are benefitted from avoiding the huge overheads of big consulting firms.

Kajal

MEET THE BRAINS BEHIND INDUSGURU

DEEPAK MALKANI

Deepak owns a career spanning 27+ years where he honed his competence in Management Consulting, leading and growing diverse consulting practices in Accenture and PwC. Accumulation of so much insight and this experience inspired him to establish IndusGuru. Being an engineer and an MBA from VJTI and IIM Calcutta, he is an avid believer in a peoplefirst approach to expanding the growth of his business. On a personal front, he is an individual who is fond of playing Tennis, reading books, and watching sci-fiction movies.

SHANU MALKANI

Shanu has more than 24 years of experience in technology consulting and has held senior client-service leadership positions at prestigious firms such as Siemens Information Systems and Accenture. Being a professional engineer, she has headed IndusGuru since its start, wearing many hats, including those for finance, human resources, legal, and marketing. As a leader, she is an expert multi-tasker who organizes and completes both her personal and professional to-do lists with efficiency. She has established a rapport of credibility and trust with both clients and professionals that has boosted the company’s growth over the years.

Deepak Malkani

RM HAPPINESS

REFRESHING THE HEALTHCARE INNOVATION

Rishikesh Manuprasad Upadhyay

CEO

Gulshan | Business Connect

They say, “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” And that’s exactly what our today’s star of the show inspires people to do. Now, we are well aware of the fact that entrepreneurship is one of the most complex things around us and yet the most exciting journey. Yet, numerous startups around us are the shining result of a zealous entrepreneurial approach.

Business Connect is a renowned platform committed to featuring some outperforming ventures and their creators in its exclusive monthly editions. And here again, we are back with the latest edition, ‘Most Promising Startup to Watch-2023’ in which we have combined some excellent and inspiring journeys of leading ventures in the business space. For one such story, our editorial team had an interesting and joyful virtual session with the leadership panel of RM Happiness which is refreshing the Healthcare realm with exemplary techniques. The leadership panel of the company shared numerous lesser-known facts about the company and also, and the Founder of the company, Mr. Rishikesh Manuprasad Upadhyay shed some light on his 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 encourage the budding leaders out there to break the barriers and chase their dreams.

COMPANY PREFACE

“Health is like money, we never have a true idea of its value until we lose it.” RM Happiness Center is refreshing the Healthcare and Wellness arena with some true and innovative techniques. Giving a detailed synopsis of the company, the Founder quips, “WFH situation erased very thin line between work-life balance and triggered active association with people. COVID-19 has taught us an importance of healthy living, immunity and connection between happiness and performance. We operate our business with the prime objective of ‘Create Happy, Healthy and Wealthy Society’. Society is made of elements such as Youth, Senior Citizens and Housewives so it is necessary spread happiness within society elements to achieve an objective.”

The company heads forward with a noble mission to provide happiness to youth, senior citizens, housewives, and patients. The company, by adopting the innovative strategy, utilizes a collaborative approach to tackle the analytical problems that arose due to cultural differences.

THE BRAIN BEHIND THE BRAND

They say, “Leaders become great not because of their power but, because of their ability to empower others.” These lines fit best for Mr. Rishikesh. He is an engineer and an executive from India’s corporate world. Having more than 25 years of experience in various corporate companies, including ‘Fortune 500 companies’. His professional expertise as a Project Management professional has helped him to develop a scientific and structured approach in giving shape to every undertaking.

His passion for learning new things was the reason for him to expand his knowledge through various educational programs ranging from a few hours to a few years. He has earned the ‘Project Management Professional’ certificate from the prestigious PMI body. He is a life member of BMA Mumbai.

He has a passionate personality as he loves doing new things and seeing various matters from different angles. That led him to present unique ideas. He always believes in walking on uncharted territory. His area of interest is Innovation and doing things differently.

Mr. Rishikesh is a former member of ‘Toastmaster International’ and was awarded as ‘Competent Communicator’ & ‘Competent Leader’. His paper on “SocialEntrepreneur” was well appreciated by the Management Gurus. That research conference was organized by The Indira Institute of Management, Sanpada (Navi Mumbai).

His writing hobby led him to write blogs on different subjects. He has also written and acted in “rap songs” in the entertainment functions held by his college alumni. During their school days, he received a scholarship for 5 consecutive years in the field of “DRAMA” from the central government under the scheme of CCRT (Centre for Cultural Resources and Training).

LIFE DEVOTED TO SOCIETY

As a part of serving society, he used to donate blood on every occasion. He also contributed as secretary of his religious organization for the members residing in and around Navi

Mumbai. As a secretary, he was involved in arranging annual get-to-gather functions, student appreciation functions, picnics, and other charity programs. He was an active member of the Rotary Club of Satellite City to quench serving society.

He is a founder and secretary of Progressive’s Signature CHS Ltd., located in Ghansoli, Navi Mumbai. As a secretary of this residential complex, he fixed maintenance charges and was actively involved in the finalization of various services contract work. He was also instrumental in opening a society bank account.

He strongly believes in our rich culture and its power. That inspired him to associate with ISKCON, SWAMINARAYAN, BRAHMAKUMARI, PATANJALI, ART OF LIVING, and HEARTFULNESS organizations.

He is impressed by Swami Vivekananda’s messages and life lessons, especially the one in which he inspires the youth to have ‘muscles of iron’ and ‘nerves of steel’. He used to participate in the “MUKHPATH” competition being organized by Ramkrishna Ashram, Rajkot.

His personal experiences have prompted him to share knowledge for the benefit of others, the aspiring leaders, and the corporate honchos, who used to face the challenges. That led him to write 3 unique books named “The Corporate Yoga Anatomy,” “Pearls of Wisdom” and “Cycling – The Real Wealth”. He is a fitness enthusiast and always looks for excellence. He also believes that sports are a stress buster and loves to play “Table Tennis” and recently started learning “Lawn Tennis” at Rajkot.

Small Business Statistics TOP 10

You Need to Know For 2023

Statistics are one of the most important tools you have in your business arsenal. They can help you make better decisions, forecast trends, and understand your customer base. From hiring trends to technology usage, these numbers will help you plan for the future and grow your business accordingly. To help you understand these trends and how they’ll impact your small business, we’ve compiled a list of 10 business statistics you need to know for 2023. Read on to learn more!

1. How Many Small Businesses Are There in the US?

32.5

million

There are an estimated 32.5 million small businesses in the United States. This number is down from its peak of over 33 million in 1997, but it’s still a significant part of the economy. The majority of these businesses (about 30 million) are independently owned and operated.

The majority of small businesses are engaged in either retail sales or services. Retail sales make up the largest share (about 15 million businesses), while services account for the majority of the remainder (about 6.1 million). If you want to know what percentage of businesses are small businesses, then let us tell you that about 60 percent of small businesses in the US of all small businesses are engaged in one or more service sectors. The five most common industries for small businesses are retail sales, services, construction, manufacturing, and health care and social assistance. The most common sizes for small

businesses are those with between one and twenty-four employees (accounting for about three-quarters of all business owners). If you also want to know how Many Small Businesses there are in the World, then It is difficult to provide an exact number of small businesses due to varying definitions of what constitutes a “small business” and the lack of reliable data on small businesses across all countries. However, according to estimates from the World Bank and OECD, there are over 200 million small businesses globally.

2. How Many Jobs Are Created by Small Businesses?

Small businesses create nearly half of the new jobs in the United States each year, according to the Small Business Administration. This is good news for small businesses and their employees, as well as the economy as a whole. Here are some facts you may not have known about small business job creation:

• Small businesses account for 49 percent of all new jobs in the United States.

•

In 2011, small businesses generated 98 percent of new private-sector employment growth.

• The average salary for workers in small businesses is $53,000, compared to $51,500 at large companies.

There are many reasons why small business job creation is so important. First, they create most of the jobs in our economy, making it a key engine of economic growth. Second, small businesses often provide high quality employment opportunities for people who may not have other options. Finally, small businesses are often nimbler and more responsive to changes in the economy than larger companies and can better adapt to changing market conditions.

3. Small and Medium-Sized Businesses Are Major Drivers of Global Economic Growth

Small and medium-sized businesses (SMBs) are responsible for a significant amount of global economic growth. In 2016, SMBs accounted for 68% of global GDP and employed more than three-quarters of the world’s working population. There are a number of reasons why small businesses in the US are so important. First, they account for a large proportion of innovation and new business creation. Second, they tend to be more entrepreneurial and innovative than large corporations. Finally, SMBs tend to be more nimble and able to adapt to changes in the market faster than larger businesses. While the benefits of being a small business as per small business data are clear, there are also some challenges that small businesses must face. For example, small businesses often lack the resources needed to compete with larger rivals, making it difficult to achieve success in a competitive market environment. Additionally, small businesses often face discrimination from banks and other financial institutions due to their size, which can make it difficult to get loans or access capital necessary for growth.

4. What Is the Most Common Reason for Opening Your Own Business?

Opening your own business is a very exciting and daunting prospect. It can be a great way to work for yourself, make your own decisions, and have control over your career. However, it’s important to remember that there are a lot of things you need to consider before starting a small business. The most common reason people open their own businesses is because

they want more control over their career. Other reasons include wanting to start their own business from scratch, wanting to start their own business in a specific industry, not fitting into an existing job, or being able to set their own hours. Additionally, some people choose to open their own businesses because they believe it’s the best way to achieve their goals.

5. Small Businesses Hit Hard by the COVID-19 Crisis

Small businesses are the backbone of the U.S. economy, and they have been struggling in recent years due to a number of economic factors, including the COVID-19 pandemic.The COVID-19 pandemic, which lasted from February 2020 to April 2021, is thought to have caused up to 80% of small and mediumsized enterprises to lose up to 50% of their revenue. This information, which is based on SMEs from 32 different nations, demonstrates how significantly the pandemic damaged firms globally. In 2020 research conducted in the United States, 45% of small businesses reported supply chain interruptions.Apart from this, five of the most frequent effects of COVID-19 on established small enterprises, according to Guidant Financial, included lost revenue (23%), reduced budgets (11%), temporary closures (11%), decreased personal earnings (10%), and temporary turnaround (7%). Statista reports that the pandemic had a moderately negative impact on 44.9% of small business owners. However, 1.8% reported that the COVID-19 pandemic had a significantly favourable impact on their business, while 6.9% claimed that it had a moderately positive impact.

6. Average Revenue of a Small Business

The average revenue of a small business or small business revenue statistics in the United States can vary greatly depending on industry, size, and location. According to The Small Business Administration (SBA), businesses with under 500 employees

across all industries had an average annual sales volume of $6 million in 2018. However, this number is heavily impacted by larger companies that are considered “small” according to SBA standards; when excluding those firms from the data set, the median revenue for smaller businesses was just $160,000 per year. That said, certain sectors may have much higher or lower returns than this figure would suggest; for example:

• WRetail stores tend to bring in an average of around $520K per year

• Health care providers have an average income of about $2 million annually

• Real estate agents make approximately $830K each year

• Restaurants typically generate incomes between $300K and 1M annually

It’s also important to consider location when assessing a company’s potential earnings as some states offer more advantageous tax regulations or other financial incentives which can significantly increase profits. For instance, California has one of the highest cost-of-living rates yet it also offers some excellent corporate tax breaks which could help offset those expenses — making it an attractive place for many entrepreneurs. Additionally regional economic differences should be taken into account; businesses located within urban centers may face stiffer competition but they can often benefit from increased exposure and higher demand while rural locations may come with fewer competitors but less reliable customer bases.

7. What Percentage of Small Businesses Fail?

According to the Small Business Administration, approximately 66% of businesses in the United States are small businesses. That means that for every 100 businesses in the U.S., less than 34 are considered small businesses. Additionally, according to the National Federation of Independent Business (NFIB), about

48% of all new business starts are small businesses. However, despite these high numbers, small business failure rates are high. In fact, according to a study by The Kauffman Foundation, about one-third of all new businesses fail within five years. One reason for this high failure rate is that small businesses tend to be less financially stable than larger businesses. They also face greater challenges in terms of finding qualified employees and securing funding from lenders and investors. In addition, many small businesses do not have the resources to compete with larger companies on a level playing field. This can lead to problems such as higher overhead costs and decreased profits.

8.

The average cost of marketing for a small business

When thinking about marketing for a small business, one of the first things that comes to mind is likely the cost. According to the most recent report from the Small Business Administration, the average cost of marketing for a small business is $2,998 per month. However, this doesn’t take into account all of the different services and programs that are available. Additionally, not every company will need to spend this much on marketing. Some other key statistics about marketing for small businesses include these:

• Small businesses typically have less money to spend on marketing than larger businesses

• Marketing is one of the most important aspects of a small business’ overall success

• Marketing should be planned and executed as part of a larger overall strategy

9.

What Is the Biggest Challenge for Small Businesses?

The biggest challenge for small businesses is to stay afloat in an ever-growing global economy. According to the Small Business Administration, small businesses account for 95 percent of all new jobs, and generate two-thirds of the nation’s economic output. In order to keep up with the competition and continue growing, it’s important for small businesses to stay informed about current trends and developments in their industry. Here are some of the most important statistics you need to know about small businesses:

• The number of small businesses grew by 5 percent from 2008 to 2012, outpacing the overall growth rate of the economy during that time period.

• The majority (79 percent) of all new jobs created since the recession began in 2007 have been in small businesses.

• Small businesses are responsible for two-thirds of net new private sector jobs and four out of five exports from the United States.

• Ninety-four percent of business owners who start a business with less than $5000 in capital are still operating 4 years later; this compares very favorably with 96 percent for businesses who have more than $1 million in capital invested.

• Ninety-seven percent of all businesses operate at least one day per week; 97 percent operate at least one week per month and 95 percent operate at least one month per year.

10. Top Digital Marketing Channel Among Small Business Owners

According to a study of local business statistics, the top digital marketing channel among small business owners is social media. Nearly two-thirds (64%) of respondents said social media was their primary digital marketing strategy, beating out email (26%), website design and development (5%), and paid advertising (3%). Given that social media is such a popular channel for small business owners, it’s important to consider how best to use it. For starters, make sure your social media content is engaging and interesting. also be sure to target your audience with specific content strategies, like using keywords in your posts or placing ads targeting people who are interested in what you have to say. Finally, be diligent about monitoring your social media accounts regularly and responding to feedback. Not only will this help you improve your content, but it’ll also show that you’re taking your marketing efforts seriously.

Conclusion

With business booming and small businesses flourishing, it is no wonder that many people want to start their own business. However, before you take the plunge and give entrepreneurship a go, it is important to be aware of these key statistics that will help you succeed. We hope that the 10 small business statistics you need to know for 2023 given in this article offer you a better understanding of where the market is heading and what steps you need to take in order to ensure your business thrives in the years to come.

TALENT MONITOR REFRESHING THE HR ARENA WITH NEXT-GEN SOLUTIONS

Yash Singh Managing Partner

Business Connect is renowned for its best-in-class editions comprising the success stories of various business leaders and their brainchildren. Here again, we are back with our exclusive edition of the month featuring numerous such inspiring tales. To make this read available, our editorial team had an interesting and joyful virtual session with the leadership panel of Talent Monitor. The management and the Managing Partner of the company, Mr. Yash Singh 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 surely encourage them to break the barriers and chase their dreams.

Gulshan | Business Connect

COMPANY PREFACE

Giving a detailed introduction to the company, Mr. Yash quips, “Founded in 2013, Talent Monitor is a full stack executive search and recruitment firm with unparalleled expertise in hiring for VC and PE backed ventures across early, growth, and late stages. We focus exclusively on full-time positions and currently do not have RPO and temporary/contract staffing practices. From a geography standpoint, we have closed positions across the Indian sub-continent, North America, GCC, and APAC regions. While Talent Monitor has delivered recruitment mandates across industries, functions, and seniority levels, we have a unique capability to deliver tech/digital/eCommerce, finance, and enterprise sales roles. We have a stellar track record of delivering mid-to-leadership roles across these functions.”

Sharing more about his career and entrepreneurship beginning, “Right after graduating from IIT Bombay, I joined Russell Reynolds Associates which is one of the top-5 search firms globally. I learned the ropes of leadership advisory for 3 years with Russell Reynolds and then started Talent Monitor in 2013. I went on to pursue my MBA from the Indian School of Business (ISB), Hyderabad but continued working on building Talent Monitor in parallel.

At Talent Monitor, we got Larsen & Toubro as our first client where we executed the Project Director search for a Bangladeshbased power project, a role that was open for a very long time. We successfully closed the position with a candidate from South Korea. Since then, we have worked with a multitude of companies across geographies. We have established ourselves as the go-to partner for Venture Capital and Private Equity backed companies for their hiring requirements. Today, we are very grateful to have a client pool that includes names like Sequoia Capital, Nexus Venture Partners, Lightspeed, and Gaja Capital among several others. Time and again, we have demonstrated our unique capability to deliver difficult recruitment mandates and hence, reinforced our status as a trustworthy search partner.

Last but not the least, with our unwavering commitment towards client delight, we have one of the highest revenue-peremployee in the industry, comparable to the Indian entities of top global executive search firms.”

SURPASSING THE REALM

For the team Talent Monitor, R&D plays a crucial role in daily business. Whether it’s a service or a product company, R&D helps create meaningful ‘moats’ and helps a company differentiate itself from the competition. At Talent Monitor, the team strictly believes in investing heavily in R&D.

“We are innovating continuously to find new, faster, easier, and cheaper ways to reach out to a larger, more relevant talent pool in the quickest timeframe thus empowering talent acquisition teams at enterprises to become more productive and efficient. We expect to launch a couple of products in FY’2023-24,” says Mr. Yash.

Elaborating on the exclusive marketing strategies and key advertising, he adds, “There is just no substitute to ‘word of mouth’ for us. Talent Monitor, being a service company, focuses on delivering professional experiences that our clients can share with others. We focus on doing so well that we get repeat mandates and referrals. In addition to that, we tap enterprise sales channels as well. More recently, we have increased our focus on content marketing to get inbound interest from overseas companies.”

FUTURE ENDEAVOR

The company is planning to utilize its internal accruals to grow the business on three axes – geography, products, and functions. With regard to geography, the team is planning to enter the EMEA market aggressively with a new office in Dubai. On the Product axis, they plan to launch one consumer and one enterprise product to change the way recruitment is done currently. Both are under development and in stealth mode currently. On the ‘functions’ axis, the plan is to add Green Energy practices.

PARTING WORDS

Before signing off, the visionary shared a few words of wisdom for the upcoming leaders out there by quoting, “I’d like to tell budding entrepreneurs to take bold risks, stay committed till you are about collapse and do whatever is in their hands to make things happen without worrying about things that don’t matter. They should also know which advice to pay heed to and which ones to ignore. I believe in Albert Einstein when he said “it’s not that I am so smart, it’s just that I stay with problems longer”.

BRINGING REVOLUTION INTO BRANDING REALM WITH OUTPERFORMING APPROACH

| Business Connect

David A. Aaker has quoted, “Branding adds spirit and a soul to what would otherwise be a robotic, automated, generic price-value proposition. If branding is ultimately about the creation of human meaning, it follows logically that it is the humans who must ultimately provide it.” Branding is indeed a major player in the world of business ventures scattered in any realm. And so here we are with one such read that will give some food for thought to all the marketing freaks.

Achinthya Suresh / Sastharam Ravendran Founders & Managing Partners

Puja

Business Connect is renowned for its out-of-the-box monthly editions comprising the success tales of various leading ventures and so their creators leaving animpact on the global business world tremendously. Here again, we are back with our exclusive edition of the month, including some inspiring stories from the corporate world. And to make this edition successful, our editorial team had an interesting and joyful virtual session with the leadership panel of The Bumblebee Branding Company. The leadership panel of the company and the management team shared numerous lesser-known facts about the company and spilled some beans on their 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 surely encourage the budding leaders out there to break the barriers and chase their dreams.

COMPANY PREFACE

Giving a detailed introduction of the company, the Founder and Managing Partner, Mr. Sastharam Ravendran quips, “Limits-agnostic, positively charged, self-inspired, and a team player. These are some terms we would use to describe the trusty insect, the bumblebee. We would also use these words to describe the driven, hardworking, efficient, and awesome team at The Bumblebee Branding Company, in Chennai. The Bumblebee Branding Company is a fastgrowing branding and marketing agencyin Chennai with an elite clientele spanning across verticals, and even industries. This marketingpowerhouse in Chennai prides itself on helping brands of all sizes take off, soar to great heights, stand out in their industry, and achieve all their business goals.

Furthermore, The Bumblebees’ capabilities include all marketing and branding activities. They’ve helped build businesses from just an idea and have empowered businesses to scale the market. From the initial consultation to the final deliverables, clients’ brands are an extension of the bees’ brand. They provide a wide range of branding and marketing services to clients varying in industries from hospitality, beauty, and government to so much more.

WORDS OF WISDOM

Bumblebee’s 7-stage capabilities power play gives it and its clients an edge over the competition. Their capabilities start with brand building from scratch to helping brands that are stagnant in the market to grow to heights they never envisioned. “We never see our clients as just another job. We see them as people who want to build a better world and we can help them do that. For example, Risio, a dental startup in Chennai, which we were part of since the idea phase, brings oral care to the homes of patients who, due to various reasons, find it difficult to leave their homes to the dentists,” says Sastha.

SYNC WITH TECH

The Co-Founder, Achinthya Suresh shares her views by asserting, “In our opinion, Artificial Intelligence and Machine Learning are here to stay and most, if not all companies swear by them. Adopting AI & ML technologies tip the scales in their favor because it helps elevate business processes, automates tasks, and frees up resources to focus on more important work. These emerging technologies are pretty much changing the entire business landscape. However, start-ups may still struggle to harness their power effectively, due to obstacles such as cost and lack of adequate talent. Once these barriers are overcome, these technologies help start-ups work smarter, better, and more effectively. Cloud computing has also made adoption easier because of the lowered costs and easy access. This was especially a blessing in disguise when employees began working from home at the beginning of the pandemic. The technologies help continue the workflow without a hitch.”

She further adds, “We also feel that AI, ML, and software in this niche improve businesses across verticals. For example, for our clients, AI and Machine Learning have made things very easy in the customer care department. We love this feature because so many of our customers request a chatbot on their website. We have used this for two of our clients, Risio and EVOCHEF. Once we feed the information into the software, the bot will take care of the customers while our clients can focus on growing their businesses. Also, we leverage these technologies to process data quickly, generate real-time insights, and create better customer experiences”

Before signing off, the visionaries shared some secret sauce of their success and a few words of wisdom for the upcoming leaders, by saying: “Always keep the big picture in mind whenever you make any decision. Don’t look at the business as a means for some quick cash but look at it as an establishment that will last for years to come. This may require some hard decisions, but you will enjoy the fruits of the labor in the long run. At the end of the day, your customers want sales, so your end goal for every project is to provide sales. Once you start generating sales, measuring the outcomes is important. As the adage goes, you can’t manage what you don’t measure. By measuring your results, you harness the power of data to determine what works, and what doesn’t, and you can adjust your work accordingly. We realized this the hard way.

Moreover, before you start any project, you must understand the project thoroughly, keep a strategy in place and ensure that you have theadequate talent and resources to embark on the project. With this, your role and job will become more streamlined and less overwhelming.

We are firm believers that one should never stop learning. We are not talking about going to the classroom for lessons but using your life as the teacher. We encourage people to make mistakes and learn from them. However, don’t repeat the same mistake. When you do something wrong the first time, it is a mistake but when you do the same thing the second time, it is a choice.”

Top 10 Largest

The development of technology and rising automation is changing the way people work. While it is eating up the traditional jobs, it is also creating new jobs at the same pace. According to the Hurun India 500 list from 2021, at least 139 Indian companies have a workforce of more than 10,000. One of Top 10 Largest IT companies in India is Tata Consultancy Services (TCS). With 5.06 lakh employees, the IT behemoth TCS is followed by Quess Corp, which has 3.63 lakh. According to Hurun, despite the fact that thousands of individuals lost their employment in the last two years owing to an unanticipated pandemic, these Indian enterprises continue to employ a sizable workforce. Here, in this blog article, we brought to you the biggest employers in India. Read on!

Employers in India

• WReliance Industries Limited: 1.94 lakh people

India’s favourite company, Reliance Industries Limited, ranks 10 on our list. RIL, one of the most prosperous businesses of India, is headquartered in Mumbai.

Currently Reliance employs more than 2,30,000 people which makes it one of the largest private employers in India. During the pandemic years, it helped the Indian economy create over 75,000 new employment. Being a top employer, Reliance works to provide its staff with a just, welcoming, emotionally fulfilling, and professionally supportive environment. The Company’s efforts led to its inclusion on LinkedIn’s list of the Top 25 workplaces in India.

• Quess Corporation: 3.83 lakh

Although this staffing solution provider employs more people than TCS in India, most engineers have never ever heard of it. Despite this, it is the second-highest private sector employer in India. Because TCS has a greater overall staff strength than Quess Corporation, including TCS personnel abroad, it is the reason why it is not before TCS in the largest employers’ list. In India, 3.83 lakh people are employed by the Bangalore-based Quess Corporation.

• Larsen & Toubro: 3.6 lakh With operations in engineering, construction, manufacturing, technology, and financial services, Larsen & Toubro Ltd., also known as L&T, is an Indian multinational company with headquarters in Mumbai. The business is ranked among the top five construction firms worldwide. The corporation had 55,332 permanent employees as of the end of January 2022, of whom 2,822 (5.29%) were women and 90 (0.1012%) had impairments. In the same time frame, the corporation employed 293,662 people on a contract basis.

• State Bank of India (SBI): 2.50 lakh

With its corporate office in Mumbai, Maharashtra, State Bank of India (SBI) is a statutory organisation for financial services and a global public sector bank. SBI, the sole Indian bank on the Fortune Global 500 list of the largest firms in the world in 2020, is the 49thlargest bank in the world by total assets and is rated 221st overall. It is a public sector bank and the biggest bank in India, with a 25% percent of the overall loan and deposit market and a 23% market share for assets. With approximately 250,000 workers, it ranks as India’s 9th largest employer on this list. State Bank of India crossed the $5 trillion market capitalization threshold on the Indian stock exchanges for the first time on September 14, 2022, becoming the third lender (after HDFC Bank and ICICI Bank) and eighth Indian firm to do so. Employing a huge number of people, SBI ranks among the largest employers in the world. The workforce of female employees is close to 26%. Officer, Associate, and Subordinate staff percentages were 44.28%, 41.03%, and 14.69%, respectively. Throughout the fiscal year 2020–21, each employee contributed a net profit of 828,350 (US$10,000).

• Infosys: 2.59 lakh

A multinational information technology firm based in India, Infosys Limited offers business consulting, IT, and outsourced services. The business’s headquarters are in Bangalore; however, it was formed in Pune. Infosys, One of The Top 10 Leading Companies in India, employs 2.59 lakh people at present and is 8th biggest employer of India. Business consulting, information technology, and outsourcing services are all offered by Infosys Limited, a multinational information technology company based in India. Though the company was established in Pune, its headquarter is in Bangalore. According to 2020 revenue estimates, Infosys is the second-biggest Indian IT business after Tata Consultancy Services, and it is ranked as the 602nd largest public company in the world by Forbes Global 2000. On August 24, 2021, Infosys became the fourth Indian company to have a market valuation of $100 billion.

• India Post: 4.66 lakh

Government-run postal service India Post is a branch of the Department of Post under the Ministry of Communications. It is the most widely used postal system in the entire globe and is commonly referred to as the Post Office. Over 4.66 lakh people work for the government-run postal service known as India Post. In 1766, Warren Hastings undertook the initiative on behalf of the East India Company to launch the nation’s first postal service. When it first started, it was known as “Company Mail.” In 1854, Lord Dalhousie changed it and made it a Crown service. The India Post Office Act of 1854, which considerably improved upon the 1837 Post Office Act, which had established regular post offices in India, was passed with Dalhousie’s assistance and included the introduction of standard postage rates (universal service). For the entire nation, it created the role of Director General of Post. Delivering mail (post), sending money via money orders, accepting deposits for Small Savings Schemes, offering Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) life insurance coverage, and offering retail services like bill collection and the sale of forms are all included in its scope. The DoP also represents the Indian government in providing various services to its inhabitants, such as payment of old age pensions and wage distribution under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). The largest postal network in the world is India Post, which has 154,965 post offices (as of March 2017).WW

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• Paramilitary: 8.90 lakh

A paramilitary is an organisation that resembles a professional military in terms of structure, tactics, training, subculture, and (often) function, but it is not an official or legitimate member of a nation’s armed forces. Paramilitary units perform tasks that a nation’s military or police forces are unable or unwilling to perform. Even though they lack weapons or a combat function, other groups may be classified as paramilitaries based solely on their organisational structure. In times of peace, paramilitaries are frequently tasked with guarding important locations like government buildings, infrastructure, airports, seaports, or borders. They might also be assigned to perform counterterrorism or VIP protection duties. They might be temporarily transferred out of the paramilitary depending on the organisation they work for; for instance, police tactical unit members might be given patrol responsibilities until they are required again.

Tata group:9.35 lakh

The Tata group, a multinational corporation with its headquarters in India, was established by Jamsetji Tata in 1868. With the goal of “improving the quality of life of the communities they serve globally through long-term stakeholder value creation based on Leadership with Trust,” the organisation operates in more than 100 countries across six continents. Tata Sons, the promoter holding firm, has charitable trusts holding 66% of its equity, giving back money to the community. Due to its 150-year commitment to upholding moral principles and ethical business practices, the Tata name has long been revered throughout India. One of the Top 10 Largest Companies in India, Tata group’s businesses only hire the best and brightest, supported by a culture of ethics and integrity. With 702,454 current personnel, the organisation stands strong.

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Indian Railways: 12 lakhs

The government of India’s Ministry of Railways owns Indian Railways (IR), a statutory organisation that manages the country’s entire train network. As of the end of March 2022, its total route length was 68,103 km (42,317 mi), making it the fourth largest national railway system in the world by size. By the first day of April 2022, electrified 25 kV 50 Hz AC electric traction will be used on 52,247 km (32,465 mi), or 83% of all broad-gauge railways. Rolling fleet for Indian Railways as of March 2020 included 12,729 locomotives, 76,608 passenger coaches, and 2,93,077 freight waggons. At many places across India, IR owns production facilities for locomotives and coaches. As of March 2020, it employed 1.254 million people, ranking as the eighth-largest employer globally. The government has pledged to electrify all of India’s train lines by 2023–2024 and transform them into “net zero (carbon emissions) railways” by 2030.

• Indian Armed Forces: 14 lakhs

The Indian Armed Forces, often known as the Republic of India’s Armed Forces, are the country’s largest employer. Three professional uniformed forces make up this group: the Indian Army, Indian Navy, and Indian Air Force. The Indian Armed Forces are supported by the Central Armed Police Forces, Assam Rifles, Indian Coast Guard, Special Frontier Force, as well as a number of inter-service commands and organisations such the Strategic Forces Command, the Andaman and Nicobar Command, and the Integrated Defence Staff. While the President of India is the Supreme Commander of the Indian Armed Forces, the Prime Minister of India and their chosen Cabinet Ministers are in charge of executive decisions regarding national security. The Ministry of Defence of the Government of India is in charge of the Indian Armed Forces. It is the second-largest military in the world and has the biggest volunteer army, with a strength of over 1.4 million active personnel. Additionally, it has the third-largest defence budget worldwide. It is ranked as the fourth-most powerful military according to the Global Firepower Index assessment.

Volant Overseas Private

Limited

Successfully Assisting thousands in Living Their Dream of Studying Abroad, Volant Overseas Aims to Provide Life-Changing Opportunities to Students

Puja | Business Connect

Acknowledged as the world’s most specialised international educational consulting firm, Volant Overseas Private Limited made a promising beginning in 2013 to help students find, compare, and connect with some of the best universities and schools around the world.

Pradeep Reddy (Director-B2C)

Volant Overseas has the most exemplary reputation in the industry for acquiring a large number of student visas. The firm has been able to obtain a strong footing in the industry, working on its mission to give its students opportunities that would change their lives by connecting them with the best educational institutions in nations all over the world.

Volant Overseas is constantly expanding and strengthening its capacities to advise students better and suggest and manage the applications of qualified students for placement in colleges and universities overseas more efficiently. The primary goal of the Volant Overseas is to provide students with the skills necessary to compete well on other continents and to assume constructive roles in society as intellectuals and professionals.

Craving Out as a Differentiator

• With its head office in Canada and branch offices in the United States and the United Kingdom, Volant Overseas stands out and competes head-to-head because of its twodecade solid experience and global footprint.

• The company directors are NAFSA and ICEF-qualified individuals who graduated from American and Canadian institutions in 2005 after beginning their studies abroad. Volant Overseas has first-hand knowledge of the challenges faced by overseas students and will always provide them with the most up-to-date information.

• Employees are the backbone of any fast-paced organisation. The Volant team stays up to current on everything going on around them, including students’ academics, and also stays ahead of the competition for success, especially in the higher education segment where admission/visa criteria and requirements vary every semester.

Insights on the Latest Market Evolution

Volant Overseas’ innovative team constantly tries to stay one step ahead of the competition and the state of the market by implementing internal organisational changes to handle new responsibilities and departments. Students seek expedited processing times and all services under one roof during the pandemic, including language instruction, admissions, visas, bank loans, travel help, lodging reservations, foreign bank accounts, and mobile network service.

Sailing through the Obstacles

Volant Overseas was established as a non-profit organisation and began offering free assistance to students with visa applications and course/college selection. They neither partnered with any institutions nor clients for commissions. After four years, they recognised that they could offer paid consulting services to organisations while continuing to provide free services to students as long as the costs were covered. Neither of the directors received direct or indirect compensation from the business or its customers for more than ten years. They were running a work-from-home business before the epidemic, but in the midst of it, they had to build a back office to share the tedious, repetitious paper labour and data entry chores more fairly. Student walk-ins increased as the back office developed, forcing the business to hire more people and open more sites.

Volant Overseas’s efforts and distinctive approach have propelled the firm to greater heights in helping students seeking opportunities to study abroad. The core competency of Volant Overseas lies in providing professional visas and informative counselling following the standards of high commissions across the globe.

Clientele & Corporate Ethos

Volant Overseas has directly partnered with many institutional clients in the USA, Canada, and the UK. Some of the Clients are Trent University, Algoma University, Arkansas State University, University Canada West, Brighton College, Mercy College NY, CEGEP schools, Lester B Pearson Schools, and Niagara College (TSOM). They also partnered with Banks and Private lenders for student loans. In order to obtain the most significant interest rate with the least amount of paperwork, students can select from more than 20 lenders.

Due to the enormous amount of effort the team spends to move an application ahead and make it successful, the majority of the clients at Volant Overseas come from personal recommendations. At Volant Overseas, the team holds the belief that trust and faith should go both ways; if they do not even trust the student enough to provide documents on time or pay fees, they would not be able to assist him, just as they won’t be able to work with us if the student doesn’t trust us with his application. The team makes sure that students are aware of the facts and make decisions based on expected outcomes rather than on the latest buzz. Clients who trust and believe in their experience achieve their goals in significantly less time.

Core Values of Volant Overseas Integrity, Excellence, Collaboration, and Innovation are the 4 primary pillars of this organisation. The team consistently adheres to these core principles. These also act as the organisation’s guiding principles, helping to define its culture and conduct. They serve as a framework for behaviour and decision-making and represent the values and beliefs of the organisation.

Words of Wisdom

Adapting to the Revolutionising Technology

AI will greatly help agencies and institutions in reducing processing times, and it will also benefit students by processing their applications more quickly than usual. Organisations may be able to automate the procedure in some instances and issue admission letters instantly. In some cases, organisations can automate the process and send admission letters in real-time. Big Data is helpful in many ways, for example, targeting ads and admission management based on the past success rate.

Volant’s business and engagement solutions, including its CRM, contact and notification apps, project and task management, and ticketing system, are regularly updated and improved. These numerous technologies are not used by all Indian businesses to coordinate and manage employees and pupils.

Walking towards a Glittering Future

Volant is constantly hiring and training employees and adding new branch offices across India. To meet the needs of a diverse group of students and clients, they have doubled the workforce from the previous year and expect to do so again. The education sector is booming worldwide; in the next 5 years, the US education market is expected to grow to 1.5 trillion Dollars globally. US universities saw a 600% spike in US applications in 2022. In 2022, Australia granted 1.4 lakh student visas. South Asians (India, Sri Lanka, Nepal, Bangladesh) have received the majority of visas since fever Asians (China, Korea, Vietnam, etc.) prefer to travel for higher education in 2021 and 2022. Worldwide, Indian students are granted the most study permit visas.

Be as fair and honest as possible. Fairness, transparency, and honesty may not immediately pay well. Still, they provide a solid foundation and the founding pillars of an organisation, which will aid in the long-term survival and growth of the business. To scale up a business, you will need strong founding members and an efficient team.

The Brilliant Minds behind the Venture

Vasudeva

Reddy – Director

Vasudeva Reddy, who has an IIT master’s degree, worked as a professor before relocating to Canada in 2009 and obtaining permanent residence. Mr Vasu works as a mentor and headhunter for numerous IT firms in Canada while also serving as a co-founder of an online educational platform and an IT company in Canada.

Srikanth Reddy – Director

Srikanth Reddy moved to Canada in 2006 and earned his engineering master’s degree there. After graduating, Mr Srikanth worked as a software engineer for significant Fortune 500 businesses in the telecom sector. He became PR in 2010 and took Canadian citizenship in 2013.

Pradeep Reddy – Director

In 2009, Mr Pradeep Reddy travelled to Canada to study and returned with a master’s degree in management. Mr Pradeep has a variety of executive positions in banking and R&D organisations after graduating. In 2013 Pradeep moved to Canada permanently, and in 2016 he became a citizen of Canada.

Srikanth Reddy (Director-B2B)

Vasudeva Reddy (Director-Admissions)

Science Says Entrepreneurs Put Themselves At A Higher Risk For These MENTAL HEALTH PROBLEMS

There was a time when people wouldn’t even think in a dream to become an entrepreneur. However, the time has changed. In this era, the entrepreneur career has become more glamorous. People like to become one. You may be thinking why? Well, the reason could be anything like maybe it makes you attractive living with a laptop lifestyle, or maybe you have a strong notion that you can make money as much as you wish. Either way, this career is becoming so popular across the world. Introducing own company to the world could be tempting.

In fact, in this era, successful entrepreneurs have introduced themselves very differently, they are like a rock star. People eager to listen to their speeches to get motivated. People see them in the very respective way. In the digital world, it is easy to start a business. Many entrepreneurs have built a business by just instructing others how to turn the dream in reality. They build a business empire by creating a podcast, website, online course, and YouTube channel. By creating these sources, they teach them how to create a program, or sell a service every corner, and many others.

Our social media that show you that entrepreneurial lifestyle is so great, at some point it is true, because being our own boss, you feel so better than others. However, very few people like to talk about the hidden dark side of entrepreneurship. An entrepreneurial lifestyle may wreak havoc on your brain wellbeing.

Those entrepreneurs who have faced psychological issues or health issues in the beginning, now they are finally spreading awareness about it all over the world. There are so many studies show that people have been facing some specific higher mental issues. Today I would like to have a conversation about a few of the dark sides of being an entrepreneur.

INCREASE THE RISK OF DEPRESSION

No doubt that being an entrepreneur, they have to spend long hours get success in business. Having a long time, they probably avoid their health. They have only one mentality that “Time is money.” It indicates they sleep less than they should be (According to Helthlin.com, every person should sleep at least seven hours per day). They ignore the physical activities and other some stuff. These habits can cause you depression. However, this isn’t the only factor can cause you depression, many studies show that being an entrepreneur, they feel isolated physically or mentality. Isolation may run the issue of depression.

Accept doctor, nobody can identify the symptoms of depression because it doesn’t always show you as sadness. However, there is some basic sign that shows you are about to get into it such as changing weight, sleep difficulties, irritability, and many others like this. We all have to keep in mind that less self-care and working long hours can cause you worse effect on our body.

INCREASE THE RISK OF SELF-WORTH ISSUES

Some enraptures start comparing between self-worth and net worth. However, it is human nature. But being an entrepreneur or profession person, do not let your net worth dictate your self-worth. When their business is doing well in the market, they have high self-esteem it’s like skyrockets. But when they get failed in business or are not able to meet goals, they deal with issues to feel better.

Most of the entrepreneurs work sunup to sunset and more. they have in mind that if they are going to work harder, they can win the business battle. However, there are so many reports show that only one-third of small businesses survive after three years. The world has taught us that a mantra “Failure isn’t an option,” sometime setback can cause a psychological issue.

INCREASE RISK OF ANXIETY

An entrepreneur faces a lot of issues that don’t cause you under stress, but also increase an enormous amount of pressure. At some point, they have to close the deal because of some financial issues or some other reason. It leads you to incredible anxiety. The majority of entrepreneurs constantly worried about their business, because they struggle to function ordinarily. It is hard for them to spend quality time with family or go on vacation, and attend the party without worrying about their business.

Closing after the deal, they may sit at home, during the time they experience a battle inside their brain. on the other hand, they become super irritating, either way, they constantly suffer anxiety issues. to get reduce anxiety in life, everyone should be learning how to balance professional and personal life.

INCREASED RISK OF ADDICTION

You may be wondered that what makes entrepreneurs keep going through. As much as I know that they are passionate about something. But getting a little deep, you can see

that their nature becomes obsessive which makes them keep going through, even they face so many issues. Being addictive about something, you may lose your beautiful relationship or one of the most precious things health and both of them. Addiction insists you cross the line and go far from a current situation.

You may think that only serial entrepreneurs are addictive. However, there are many types of research shows that entrepreneurs have addictive personalities, that indicates, entrepreneurs may have some other addictive behaviour like consuming drugs every day or having alcohol. However, there are a majority of entrepreneurs who don’t like to have alcohol and drugs anymore.

I’m pretty much sure, now you know about the dark side of entrepreneurial life. Entrepreneurs should take a productive approach to stop emotional difficulties. Try to build a strong brain. If you are noticing mental issues or some other kind of health issue, try to contact a doctor before the situation becomes worse. Without having a healthy lifestyle, you won’t even think to become successful in any area. We all should keep in mind a quote while running a business.

~ Vikram Pate.

“There is no Health without mental health; mental is too important to be left to the professionals alone, and mental health is everyone’s business.”