An evolution in banking The way me live is changing, so is the way we bank. More and more people are using banking apps on their smartphones to manage their money on the move. With Barclays Mobile Banking you can keep on top of your finances-check your statements, make transfers and payments and find your nearest Barclays branch or cash machine.
This infographic with tell you everthing you need to know about the app. who has it, how they use it and how secure it is.
What a difference a year makes
How many more people are registering, and using the Barclays Mobile app in 2013
200%
more app registrations in
2013
than in 2012
2 million Barclays mobile banking app registrations
$15 billion
in payments made since
2012
Who’s who
What sort of people are using the Barclays Mobile Banking app?
55%
35%
of Barclays business user’s have got the app
men
106
45%
the age of our oldest app user
women (number of downloads)
Day in, day out
$595
is transferred weekly over Barclays mobile app on average
33% of our customers now use the Barclays Mobile Banking app as their only digital channel, but how and when are users logging into the Barclays app?
Daily engagement with their bank
Desktop vs Mobile
Mobile app growth is far outpacing traditional desktop online banking
is helping cutomers to manage their money on the go.`
225
almost
payments made daily via Barclays Mobile App to pay of Barclaycard
½
$$ 150
of Barclays customers with the app use it on a daily basis
x2
overdraft
taken out using the app every day
Over 4000
around twice as many people log in on mobiles than on desktops everyday
transfers made daily since launch
Safe and sound Your security is our top priority. that’s why you’re covered by our Mobile Banking Guarantee.*
100
%
of your money back in the unlikely event you become the victim of fraud
An evolution in banking More smartphones means more people using mobile banking apps, as people look for a quicker and easier way to bank. So what’s next?
4
%
20
banked using their mobile in
2008
banked using their mobile
% in 2013
69%
40
banked using their mobile
% in 2020
99%
75%
58% 13%
2008
2012
2013
2016
Percentage of people using smartphone
* Terms and Conditions apply 1. Barclays Information Warehouse 2. nVision Future Foundations(2013) Emerging Trends in Mobile Banking 3. FICO(2013). The Mobile Banking Revolution 4. ComScore(2010) MobiLens. 5. ComeScore(2013) Mobilens. 5. Partio Research (2013) Worldwide Mobile Handset Installed Base 7. Deloitte Digital (2012) The dawn of mobile influence.
2020
RNI NO.: APENG/2010/38296
POSTAL REGISTRATION NO.: HD/1153/2011-13
Innovation: Nitrate ‘revolution’
WORLD VIEW
INDUSTRY SPEAK
POLICY
Desert
Sujoy Ghosh p40
JNNSM Phase-II p45
dream under siege p30
Biomass: The Green Coal Mine Global Voice: Bruce Anderson
VOLUME 3
www.energynext.in
` 100 $ 5 € 3
ISSUE 4
Volume 3
Issue 4
February 2013
February 2013 IS/ISO 9001 - 2008 CERTIFIED
Hyderabad
Your guide to Renewable Energy
According to the World Energy Council, the emerging constraints on energy supply have raised the importance given to energy efficiency policies. In developing countries, too, energy efficiency is an important issue and making the best use of existing supply capacities to improve the access to energy is gradually becoming a reality. What lies in store then, for this sector, which can bail us from the energy crisis we find ourselves in?
Vol. I
No. 1
Monthly e-Newsletter of the IKYA Group April, 2013
In this Issue...
IKYA,
the Power of Being One The IKYA Group is a fast growing Business Services Group headquartered in Bengaluru with over 1400 core team members who work out of 33 offices across 22 cities of India. The group comprises of four companies – IKYA Human Capital Solutions Pvt. Ltd., AVON Facilities Management Services Pvt. Ltd., Magna Infotech Pvt. Ltd. and CoAchieve Solutions Pvt. Ltd. The IKYA Group offers specialized solutions in Human Resources and Facility Management Services ranging from General and Professional Staffing, Skill Development, Executive Search, Recruitment, Background Verification, Payroll Services, Statutory Compliance Management Services, Project based RPO Hiring to Housekeeping, Food Services and Pest Control Solutions. IKYA is a 900 crore integrated business services group which includes:
IKYA Human Capital Solutions is a leading HR solutions company, with specialized service offerings in Staffing Solutions, Executive Search, Recruitment Solutions, Training and project based RPO hiring. Headquartered at Bengaluru, we provide world class HR services through our network of company operated offices across 33 cities in India to over 500 organizations, including leading MNCs and large Indian firms across industries. IKYA’s vision is to be a leading player in the Human Capital industry in the emerging markets across the world.
An ISO 9001:2008 certified company, AVON is today India’s premier integrated facilities management company and offers a bouquet of Soft Services, Electromechanical Services, Specialized Services, Pest Control Solutions and Food and Hospitality Services. Established in 1989, AVON has more than two decades of experience in offering facility management solutions to its clients. Today, with an employee strength of nearly 10000, AVON Facility Management Services manages nearly a 100 million sq. ft. of space across more than 500 client locations. AVON FHS is a member of the ISSA – The worldwide cleaning industry association. AVON FHS, the Food & Hospitality services arm of AVON, is ISO 22000 certified, a testament to the fact that our Food Safety Management System is rigorous and world-class, ensuring that the food we serve is safe and hygienic.
Headquartered in Bengaluru, CoAchieve Solutions Pvt. Ltd. provides HR Solutions with a focus on Statutory Compliance Management, Payroll Management and Employee Background Verification. While the importance of these services is obvious, choosing the right outsourcing partner is not. Choosing a partner with established systems and procedures means that not only will you be supported with insights that can impact your business, but you will also benefit from getting the workflow right the first time ensuring a smooth and
Established in the year 1997, Magna Infotech is India’s leading IT staffing solutions companies offering technology expertise to our customers across industries. Leveraging over a decade of experience, we deliver tangible value to our clients through: •
Our staffing solutions that are designed to add a strategic thrust to our client’s competitiveness
•
Providing the right fit across the IT / ITeS skill spectrum in all domains
•
Our competence in outsourcing professionals to manage the complete project cycle at the client's site
•
Our understanding of client’s industries, markets and businesses
We aim to be the most preferred IT staffing solutions partner in all markets that we serve. We believe that the ultimate measures of our leadership and success depend upon the results we deliver to our clients through superior service, unsurpassed quality, while operating with integrity and highest ethical standards.
swift transition. Our compliance management team across India is well equipped with in-depth domain skills and knowledge as well as client relationship management expertise, to address your statutory compliance requirements efficiently. CoAchieve is a member of the National Association of Software and Services Companies (NASSCOM) and our clients includes reputed large MNCs and leading Indian corporate firms across various industries and sectors.
P1
Vol. I
No. 1
April, 2013
IKYA Group - Quick Facts as of April, 2013
•
Last year our Training and Skill Development business skilled nearly 10,000 underprivileged youth across our network of 40 training centers in 10 states in collaboration with Central and State Governments.
Over 60,000 associates deployed across 240 cities servicing nearly 1000 clients.
•
IKYA has received an investment from Fairfax Financial Holdings Ltd. routed through its portfolio company Thomas Cook.
•
We closed more than 8000 IT contract positions covering over 450 skills across 18 locations in FY 2012-13
•
Two of our businesses achieved ISO Certification, IKYA – ISO 9001:2008 and AVON Food & Hospitality, ISO 22000.
•
Our Professional Staffing business is hiring 700+ IT Professionals every month.
•
We manage 20,00,000 compliance related transactions across 18 states in India.
•
Our Facility Management business has over 100 million sq.ft. of real estate under management across the country.
•
Across the group, we help over 50,000 professionals enhance their careers every year.
•
Our Food and Hospitality business serves about 7,00,000 meals a month.
Clients Added for April, 2013
•
IKYA Client
Industry
Deutsche Bank
Investment Banking
Fractal Analytics
Analytic Solutions
Ernst & Young
Consulting
Macquarie Group Ltd.
BFSI
Information Handling Services
Analytics
India Infoline
Stock Market
Aptivaa Consulting
Risk & Compliance
Richcore Life Sciences
Biotech
Radiant Polymers
Auto Components
Syntel
IT
Aranca
KPO
Azure Knowledge Services
KPO
Laurus Labs
Pharmaceuticals
Ibibo Group
Consumer Internet
Ola Cabs
Consumer Internet
Vattikutti Foundation
Robotic Surgery
Micro Labs Ltd.
Healthcare
HOLI Spreading Colors of Joy The colorful festival of Holi, celebrated on Phalgun Purnima which usually occurs at the end of February or early March, has an ancient origin and celebrates the triumph of 'good' over 'bad'. The colorful festival bridges the social gap and renews relationships. On this day, we apply color on each other and wish each other 'Happy Holi'. Fun-filled Holi was celebrated across offices in India.
Magna Infotech Client Aveva Software Flipkart Happiest Minds Technologies Inventurus Knowledge Solutions JDA Software India Xerox India
Industry Engineering & Design Software Solutions Online Shopping (e-Commerce) IT Services Revenue Cycle Management (Healthcare) Software and Consultancy Document Management, Digital Color Printing
AVON Client Airtel Motorola Star Trech
Headcount 84 82 105
Area (Sq. Ft.) 1,74,696 4,22,000 5,00,000
AVON Hospitality Services Client Honeywell
No. of Locations 2
No. of Meals 2,500 / day
P2
Vol. I
No. 1
April, 2013
Sears Honors Magna with the Diamond Partner Award
Sears Holdings has bestowed Magna Infotech with the coveted Diamond Partner Award for the year 2012-13. Magna was the only Partner to be nominated for this prestigious award from among partners which included IBM, Infosys, TCS, Mahindra Satyam and Wipro.
Hearty Congratulations team KAIZEN which includes Abhijeet Sanyal, Saurabh Mishra, Roselin, Shalini, Sravanti and Parvathi. We take pride in your achievements!
CLIENT SPEAKS
Mr. Ravi Kiran, one of the line Managers at SAP shares his experience with Magna Infotech. “I have had a wonderful experience with Magna for the past three years. They have been very professional in every interaction that I had had with them so far. They react quickly to my requests, internally discuss, evaluate, verify and get back to me with a precise solution based on accurate data within a reasonable timeframe. They never hesitate to stretch their limits and policies
to accommodate some of my unique requirements and requests. I have never had to follow up on the progress of any activity – they proactively update me on the progress of the activity on a continuous basis. They seem to be running their business in a stable manner, as I have been interacting with the same DM – this avoided the situation where I need to re-address the whole communication and collaboration with new people. I wish them a fast-paced professional and business growth, so that they provide more and more high quality services based on the needs in my unit going forward”.
Magna Welcomes S. Ramachandran joins Magna, Bengaluru as Assistant Manager – Client Engagement. Ramachandran has done his Masters in Financial Management from Somaiya Institute of Management Studies & Research and brings with him over seven years of work experience. Prior to joining Magna, he was working with Loyalty Rewardz Management Pvt. Ltd.
Roopa Kumar joins Magna, Bengaluru as Senior Business Manager. An M.B.A. in HR from ICFAI, Roopa brings with her overall 11 years of work experience. She is adept in the areas of business development; sourcing; pre-sales; client servicing and people management. Prior to joining Magna, she has worked with organizations like, MSource, Mphasis, HSBC, 3 Global Services, Datamatics Technologies and MTS Consulting.
We extend our hearty welcome to you and wish you all the best in your new role!
P6
Vol. I
No. 1
April, 2013
D WE
NG I D
LS L BE
Nagalakshmi Bommu from team Comrades got married to Srinivas on the 13th of February.
Truffle Hot Chocolate Balls Contributed by Shukla, CoAchieve Yield: Makes about 9-10 hot chocolate balls
INGREDIENTS •
12 ounces semisweet chocolate chips (about 2 cups)
•
1 cup heavy cream
•
1 tablespoon sugar (optional –for extra sweetness)
•
1/8 teaspoon salt
Directions 1. In a medium bowl, combine all of the ingredients. Microwave for one minute intervals, stirring often, until the mixture is combined and very smooth and silky. When you first start stirring, after the first minute or so, you’ll wonder if this mixture will ever come together. It will look grainy and messy but after it heats thoroughly and is whisked to combine, it will magically become beautifully smooth. Be careful not to overheat as the chocolate can seize. The trick is to stir often since the mixture will blend together even when it looks like the chocolate chips haven’t melted completely.
K. Raveendra Reddy, Senior Accounts Executive, Finance from Hyderabad married Ammanni on 15th February. Hearty Congratulations. We wish you a blissful marital life!
Magnite Speaks Mangesh Walsangikar, Subject Matter Expert, who worked with Magna from June, 2011 until the Client, Amdocs Development Centre directly hired him on 25th January, 2013 expresses his gratitude to Magna for giving boost to his career.
2. Let the mixture cool for about 10 minutes at room temperature. Cover the bowl with plastic wrap and place in the refrigerator until the ganache mixture is firm and scoopable, about 2-3 hours. Scoop out about 1/4cup spoonfuls of the mixture and place them on a wax paperlined baking sheet. My cookie scoop is about 1 1/2 tablespoons. I mounded two of the heaping cookie scoops full of ganache on top of each other to form one ball. Place the baking sheet in the refrigerator and let the mounds harden slightly, about 15-20 minutes. Roll the chilled mounds into balls and place on squares of plastic wrap (about 4 inches by 4 inches). Pull the sides of the plastic wrap over to cover the ball and place the balls in the freezer until ready to use. 3. To make the hot chocolate: pour 1 1/4 to 1 1/2 cups (depending on how rich you like your cocoa) milk into a microwave-safe mug. Carefully drop one truffle hot chocolate ball that has been unwrapped from the plastic in the milk. Microwave for about 2 minutes. Stir well until the chocolate is combined with the milk. Serve warm!
P7
Vol. I
No. 1
April, 2013
AVON Achieves ISO Certification
YOU, Make a
Difference! Nardev working in International Airport, Delhi has deposited seven gold biscuits worth Rs. 30 lakhs with the CISF personnel found in one of the toilets. The Airport authorities were full of praise for Nardev’s honesty. Geeta Lal, International Airport, Delhi has been appreciated by the Terminal Manager – Operations, Delhi International Airport for her integrity. Geeta, while working in Frisking area, found Rs. 4,000/- cash which she deposited with the CISF personnel. Priyarani Fernandes, Regional Training Manager (West) is all praise for the honesty of Vijay Sawant who works in the Pantry.
Our central kitchen at Bengaluru is now ISO 22000 certified. The ISO 22000 standard deals with food handling, storage and safety and our earning this certification is testimony to the world-class standards that we follow. Kudos to the team in achieving this in one go and on schedule!
Ms. Fernandes had forgotten her mobile phone at work and was surprised when it was returned to her safely by Vijay next morning. She thanks Vijay for being a responsible person! Satish Lal, Security Held Area, at International Airport, Delhi has been appreciated by one of the passengers who is a frequent traveler for upkeep of the food court washroom and dedication towards work. Well Done, Satish!
AND
R R@
Oracle
AVON organized Rewards and Recognition event at Oracle NR Enclave Cafeteria, Whitefield, to recognize the efforts of its employees on 30th March, 2013. Following employees were honored with the Best Employee Award: •
Manjunath Reddy, Housekeeping Supervisor
•
Venkatamma, Housekeeping Lady
We respect you for your integrity and dedication. You make us proud! •
S.P. Nagamma, Housekeeping Lady
•
J. Prakash, Housekeeping Boy
•
Balaiah, Housekeeping Boy
Besides reward function, the event also had several team building activities. A new initiative termed SMILEY conveying a motto of service with smile was implemented during the event.
Hearty Congratulations and Three Cheers! We take pride in your achievements. Editorial Team : Jaideep Chowdhary, Anusha Sanghvi & Asima
P8
Vol. I
No. 1
April, 2013 AND
R R @ PVR Cinemas
Bilal Uddin, Senior Helper was recognized for being active and energetic, punctual and putting in full attendance. Good Show!
Equbal, Helper was recognized for good housekeeping, loyalty towards work and for being well-groomed.
AVON organized team building activities and Rewards and Recognition event at PVR Cinemas to recognize the efforts of its employees on 14th March, 2013. The employees who were honored include:
Ayoz Uddin, Senior Helper was recognized for eye for detail, dedication towards work and excellent team playing skills.
Maruf Hussain, Supervisor was recognized for good time management, excellent monitoring skills and good leadership abilities. Keep it Up!
Lakshmi, Senior Helper was recognized for excellent grooming, shift handling and good etiquette and work practices.
Hearty Congratulations and Three Cheers! We take pride in your achievements.
Women’s Day Celebrations The Employee Assistance Programme led by Anitha Singh was organized on Women's Day for ladies working at IBM, Netapp, Dell, Cisco, Unisys and other clients at Bengaluru. The participants were happy that an exclusive workshop was conducted for them. Most of them have given a feedback that they enjoy being part of AVON.
Employee Suggestions Executive Chef Sudagar working at Central Kitchen suggested including more advanced cooking equipment to speed up the production. Kamaldasan, Supervisor has shared an effective system to monitor the working timings with the management. Implementation of these suggestions is in progress.
Induction Programme An induction programme on Operations and Food, Health & Safety was organized by Shailaja Chennuri, for the food handlers of Central Kitchen and the site unit managers in the months of February and March, 2013.
Fire Mock Drill
Training on Food Safety
Cease Fire, an external agency organized training on Safety and fire mock drill at CPU-BTM for security staff, supervisors, master cooks and stewards.
Awareness training on Food Safety Management System was organized by Shailaja Chennuri for the management staff of AVON FHS in the months of January and March, 2013.
AVON Employee Speak Arun Kumar, Project Manager, Madurai states, “While working with AVON, I have understood the four important aspects of life – Professional, Personal, Family and Society. Learning can be achieved only when we balance all these to grow and excel as a human being”.
Shailaja, Manager-Health, Safety, Environment & Quality shares her experience with AVON as, “My journey with AVON is always towards targeting highest level of HSEQ standards in the industry. Handling new demands and challenges gives me an immense satisfaction and creates a path for me to grow along with the company".
P9
Monthly e-Newsletter of IKYA
APRIL 2013
D:\M U N N A\Mahesh\Private\M A G N E T\Eyes
5
Vol. I No.1
years
ANNIVERSARY In this Issue ...
4 4 4 4 4 4 4
Grand Celebration Rewards & Recognitions Achievements Key Happenings Fun n Learn Key Happenings Fun n Learn
We owe these 5 years of IKYA’s success to all the outstanding people who over the years have followed their dream in building an organization we are truly proud of. This has happened because they are fully committed to the task, work round the clock and deliver quality solutions to the clients. Their families have played a huge role in ensuring their success – both at home and at office! Marcel Parker - Chairman
The IKYA Ggroup
All that we have achieved at IKYA is entirely due to the hard work and commitment of each IKYAn. I am proud and privileged to be a colleague at this milestone and look forward to celebrating more of this. Congratulations to each of you and at this moment we must reaffirm the commitments that we make to our clients, candidates and shareholders. Ajit Isaac – MD & CEO In a short span of 5 years, IKYA has evolved into a leading enterprise with offices in 22 cities, over 1400 members and 50,000 associates, with a revenue potential about Rs. 900 Crores this financial year. Since inception we have come a long way and the IKYA Group today offers a wide range of services in Human Resources and Facility Management Services ranging from Staffing, Recruitment and Search, Training and Skill Development, Background Verification, Risk and Compliance Services to Food and Housekeeping Services, Pest Control Solutions etc. In each of our businesses we are either No.1 by market share or No.1 by growth.
4
APRIL 2013 EMPLOYEE ASSISTANCE PROGRAM INTERVENTION
The changing scenario in the socio economic conditions leads to stress among employees working in any organization. To help address this AVON has implemented the Employee Assistance Programme (E.A.P). EAP is seen to be effective tool in tackling Absenteeism & Attrition. A detailed study on the working environment & living conditions of employees was done and they attended a specially designed training programme. Employees who attended the training showed positive changes in their quality of work and it was observed that they were also able to manage their professional & personal life better. The training covered productivity of work, quality of work, attendance, punctuality, dressing, grooming and communication with others apart from insights on managing personal finances and inter-personal conflicts.
ISO Certification
The Food & Hospitality division of Avon Facility Management Services Pvt. Ltd. has embarked on the process of ISO 22000 certification and the process of Internal Auditor’s Training has been completed. ISO 22000 maps out what an organization needs to do to demonstrate its ability to control food safety hazards in order to ensure that food is safe. It can be used by any organization regardless of its size or position in the food chain. At IKYA Human Capital Solutions Pvt. Ltd. an external auditor completed the document audit for ISO 9001:2008 certification for all departments and commended the quality of documentation. ISO awareness trainings were conducted to increase understanding of what ISO certification entails and to explain each person’s role in the certification process. Process roll out and implementation has started across all businesses.
I-care : free eye check-up camp A free eye check-up camp was organized for all employees In IKYA Bangalore and Chennai Office by Vasan Eye Clinic, one of the leading eye care chains. A card for next free visit at the clinic was given to every employee along with a report of their eye tests.
Monthly e-Newsletter of IKYA
5
APRIL 2013 Home Remedies from Grandma: Headache Apply the paste of 3-4 cloves on the forehead. A peeled and chopped apple, with a sprinkle of salt eaten first thing in the morning, for at least a week will cure chronic headaches. Add water to 1tbsp ginger powder. Heat gently in a pan. Apply the warm poultice on forehead And keep for 15 min.
Are you Aware??? When people routinely burn themidnight oil, they risk suffering depression and learning issues, and not only because of lack ofsleep. The culprit could also be exposure to bright light at night from lamps, computers and even iPads.
Boil honey with apple cider vinegar and inhaling the steam relives from headache.
Health is Wealth Home Remedies for Acidity A After all three meals, take a small piece of jaggery, keep it in mouth and suck. Powder 1 clove and 1 cardamom; Use as a mouth freshener after meal. No acidity and no bad breath. A cup of your favourite vanilla ice cream not just savours your sweet tooth but also helps combat gastritis. Just chew about 2 cloves and slightly bite them so that juices keep oozing out. Soon, the problem will vanish. Take a glass of water, add a pinch of baking soda and drink it; at once it gives immediate relief.
NO PORTAL DAY
To reduce dependence on job portals such as TimesJobs, Naukri, Shine and others, recruitment teams across IKYA observed NO PORTAL DAY. On this day the teams did not have access to any of the portals and had to use innovative means to source CVs. Over 600 resumÊs were sourced from various sources such as LinkedIn, Google, References, Headhunting, Cold Calling etc. Highest contribution of around 300 CV’s was from LinkedIn, followed by around 200 CVs through referrals. Monthly e-Newsletter of IKYA
Vol. I
No. 1
April, 2013
IKYA achieves ISO 9001 : 2008 Certification
IKYA Human Capital Solutions Pvt. Ltd. has been certified by TÜV Nord on 18th March, 2013, for applying a management system in line with ISO 9001: 2008 standards for providing Human Resources Services including Contingent Recruitment, Contract Staffing and Executive Search.
KITES - Knowledge @ ITeS Shivika Saurabh of ITeS vertical has started an initiative termed KITES which would aims to create a platform for recruiters to share and exchange knowledge pertaining to ITeS sector. Recruiters from across locations deliver a short talk on a topic of their choice related to the ITeS industry on the first Saturday of every month. This initiative enhances the knowledge levels of the team and their presentation skills. We wish you all the best Shivika
IKYAn Speaks Prerna Talukdar, BFSI, Mumbai is all excited being a part of IKYA since her joining in April. Prerna narrates, “I knew I wanted to be a part of the IKYA team from the moment I was interviewed by Mr. Ratish Nair. I joined this team in April and since day one it has been a great journey. I have always dreamt of being a part of a work culture where there is experience that allows one to take home an invaluable lesson of adventure and learning. I am thoroughly excited that I am already a part of such an organization. My story with IKYA has just begun in the recruitment industry, and I firmly believe that I would grow at each step as I walk along this journey. I am enjoying each moment of my working life and I am thankful to all my colleagues for being so welcoming and warm to me. I receive great support and motivation from my seniors and there is always something new to learn every day. Thank You IKYA!”
Staffing Vertical makes NEWS Our Staffing vertical on-boarded 1250 associates from competition to IKYA in early March, 2013. An employee connect survey was conducted to find the response towards IKYA and its people on a five point scale where 1 indicated very poor; 2 – Poor; 3 – Good; 4 – Very Good and 5 - Excellent. The parameters for the Survey included: • Induction Satisfaction • ESIC benefits explained • Insurance benefits explained • Reimbursement process explained • Things you liked • Things you disliked The weighted average score for survey was 4, which indicated Very Good. Manu Atul from Indus Associates was full of applause for IKYA’s team efforts. He states, “It makes me feel great to see the positive response from Associates. You guys are doing a great job!” The team that made this possible includes Rohit Goel who was responsible for pre-sales and was in touch with the client from sales initiation to its closure; Saurabh Makwana who managed the nation-wide transition very professionally; Someshwar and Rohit Goel who provided assistance on the associate e-Connect program; and Nitin Sharma, Key Account Manager, who made service calls across Indus Associates and IKYA branches to ensure 100% implementation across locations.
P4
by Jim Stovall
5
TOP
The Ultimate Gift Review by Michelle, source: Beyondsilverandgold.com
Jason is disappointed, angry even, to find out that his great-uncle Red did not leave him with anything. But Ted Hamilton reveals that Red Stevens left Jason with something far more superior than what his family received. For Jason, Red has prepared The Ultimate Gift. Ted Hamilton has no idea what this Ultimate Gift is but he has left a series of video instructions that Jason is to carry out every month for twelve months. Being someone who has not experienced working hard for something in his whole life, this leaves him outraged. But eager to find out what the Ultimate Gift is, Jason agrees to his uncle's instructions. Eager to receive the Ultimate Gift, Jason embarks on a 12-month journey to fulfill his tasks of the 12 gifts his uncle Ted gives him. In the process, Ted Hamilton watches the change happening in the life of Jason. The Ultimate Gift is actually a very small book with a little over 154 pages but in between the covers of this book is a package of wisdom. Truly it is a gift to all who read it, not just to Jason. At first, I wondered why the actual story of Jason was not told. This story is told from the point of view of Ted Hamilton. He shows the video of Red for instructions to Jason, then Jason leaves to fulfill the conditions of the 12 gifts. Every month Jason returns to Ted's office and makes his report. After a few days of thinking how much better this book would have been if Jason's actual story was told, I finally came to realize that it wasn't the focus of the book. You see, this is an inspirational book cleverly packaged as a fiction. I believe the reason Jason's actual experiences was not told was because we, the readers, can also embark on the same journey that Jason took and tell our own life-changing stories.
April, 2013
Books that Every Recruiter Should Read
Influence - The Psychology of Persuasion – Dr Robert B Cialdini. 30 years of research have created this definitive title looking at how to create more influence. Selling to Win - Richard Denny. An easy reading book that gets right to the heart of what it takes to succeed in sales. Big focus on relationships which makes it perfect for recruiters. The 7 Habits of Highly Effective People – Stephen R Covey. This book is one of the best selling business books of all time. A book that can be read again and again to explore new learning points. New Solution Selling – Keith M Eades. Massively eye opening and highly recommended for the seasoned veteran. Anyone who thinks that they know it all about sales has got to get this book. • • •
• • • • • •
IT Companies, Infosys, Mahindra Satyam and Wipro banking on startups for ideas and technology. Read on. TCS, Wipro, Infosys, HCL Tech need to keep pace with IT’s oncein-a-lifetime transition. Read on. Wipro expresses its concern over the likely procedural impact of the proposed immigration reform bill in the United States, which accounts for more than 50 per cent of its IT services revenues. Read on. India to set up IT center of excellence in Tajikistan. Read on. US immigration bill to change the IT outsourcing model. Read on. Facilities Management Services market in India is slated to grow at a 25% CAGR. Read on. Sustainability remains a dominant challenge in facility management industry. For details, read on. Hotels are using technology for personalized services. Read on. Hotel business likely to go up by 10% . Read on. Corporate Office : IKYA Human Capital Solutions 4th Floor, S.V. Towers, No. 27, 6th Block, 80 Feet Road, Koramangala, BENGALURU - 560 095 Phone: + 91 - 80 – 67131000 Follow us on: Contact Us: feedback@ikyaglobal.com www.ikyaglobal.com
I thought this book is a very easy to read because of the short chapters, but it did compel me to think about how I also viewed my own life.
Editorial Team: Asima, Anusha Sanghvi & Jaideep Chowdhary
No. 1
Breakthrough! – How to explode the production of Experienced Consultants – Steven M Finkel. This book is full of great pieces of advice and stuff that truly works. It looks at the whole process and takes each area and breaks down what to do to ensure maximum success.
Human Capital in NEWS
The Ultimate Gift by Jim Stovall is an inspirational story of how a selfcentered man, used to being given privileges all his life, changes into a selfless man who knows how to care for others. It begins with the octogenarian lawyer, Ted Hamilton, receiving news that his long-time friend and client Red Stevens, has died. Red Stevens is a self-made multi millionaire who has spent his life giving all he can to his family. In the process, he discovers that giving every material comfort and luxury to his family has destroyed the family, resulting in greed, self-centeredness and materialism. After he is buried, his family arrives at Ted Hamilton's office for the reading of his will. Everyone receives what they expected except for one great-nephew, Jason Stevens.
Vol. I
Editorial Inputs from
}
IKYA : Shivika Saurabh, Guruprasad, & Jaison Jose AVON : Krishna VG, Anitha J & Arivoli M Magna : Samragni Sinha, N. Soma & P. Sahana
WriteChowdhary, to us: corpcomm@ikyaglobal.com Editorial Team : Jaideep Anusha Sanghvi & Asima
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In this Issue >>
April, 2013 Monthly e-Newsletter of TiE Hyderabad Chapter
Vol. II No. 3
4 Tete-a-Tete with President,
TiE-Hyderabad 4 The Mindset of a
World Class Entrepreneur 4 TiE Hyderabad Welcomes 4 4
4 4 4
Vivek Likhi Emerging Entrepreneur Award for 2012 Dominate your Industry: How to Become the Best in your Field? “Must Read” Books for Rising Entrepreneurs Upcoming Events NEWS for Entrepreneurs
Tete-a-Tete with Mr. Murali Bukkapatnam, President, TiE Hyderabad Chapter
An exclusive Interview with Mr. Murali Bukkapatnam, President, TiE Hyderabad Chapter.
TiE Times:What are the primary objectives of TiE Hyderabad Chapter?
Mr. Murali Bukkapatnam, Masters in Computer Science from Southeastern University, USA, is a serial entrepreneur with over 17 years of global work experience. He plays a significant role in his Start-ups which include, The Capitol Projects Private Limited, BSP Systems and Mandava Spas. Murali is a Founder Trustee of the Capitol Area Telugu Society, an organization that was founded to promote the cultural and social activities of the Indian Diaspora from the state of Andhra Pradesh living in the Greater Washington Metro Area.
Murali:TiE is all about fostering, encouraging and promoting entrepreneurship. Its principle objective is to provide a platform on which people with entrepreneurial spirit and those interested in economic value creation can come together to share ideas. TiE endeavors to cultivate and nurture the ecosystems of entrepreneurship and free-market economics everywhere to create prosperity.
Prior to being the President of TiE Hyderabad Chapter, Murali has been with the Chapter as President Elect since January, 2012. Murali is a philanthropist and extremely active in the social and cultural circle. Besides globe trotting, he loves playing golf, cricket and racquet ball to keep himself fit. This edition of TiE Times features Murali’s association, vision and focus for TiE Hyderabad Chapter. TiE Times: As a President of TiE Hyderabad Chapter, what is your vision for TiE Hyderabad Chapter? Murali: I am inspired by an African poem which says I have only one request. I do not ask for money Although I have need of it, I do not ask for meat . . . I have only one request, And all I ask is That you remove The road block From my path. When I accepted the Presidency of TiE Hyderabad Chapter, I had a vision that this Chapter would spread over wide and diverse industries with their rich productions, advancing rapidly to destinies beyond the reach of my mortal eye. To make this happen, all of us at TiE Hyderabad felt there is a need to create a vibrant eco-system which would primarily encourage development of entrepreneurship across Andhra Pradesh. With the formation of Hyderabad Angels Network and several other efforts that are in pipeline, in a span of 2 - 3 years, we would ensure a strong eco-system in Andhra Pradesh. I fervently believe in ‘Utsaham, Sahasam, Dhairyam, Buddi, Shakti, Parakrama Shadete yatra tistanti tatra devopi tistati.’ Enthusiasm, adventurous spirit, courage, intelligence, energy and boldness wherever these qualities are prevalent, God is sure to be present there. TiE Times: What challenges do you see in promoting entrepreneurship within Andhra Pradesh? Murali: While there are ample opportunities available, the biggest challenge is the need to shift from the ideology of secured job environment to a risk-based arena with uncertainties involved. Corporates and professionals should play an active role in promoting TiE’s mission and objectives. While women play a vital role in business world, I feel the percentage of women entrepreneurs is very negligible and there is a need to encourage women to be entrepreneurs.
TiE Times:What would be your responsibilities as the President of TiE Hyderabad Chapter? Murali: Even as a President Elect, I had a vision for TiE Hyderabad Chapter to be the premier institution for any entrepreneur in couple of years from now. There is a greater need to move from being IT-centric to other industries like, Power, Biotechnology, Microbiology, Hospitality, Green Environment, etc… In order to spread across industries, we are working with TiE members and the greater Hyderabad community to increase our Chapter’s engagement in activities to encourage entrepreneurial development in the region and state through conduct of several events like, SmashUps; Workshops and Programs through TiE-ISB Connect; Global Business Models; creating platforms for budding entrepreneurs and professionals to interact with well-established corporate and industry leaders for networking and one-to-one mentoring; and working towards expanding membership profile of the Chapter. TiE Times:What is the modus operandi of TiE Hyderabad Chapter’s functioning? Murali: I am very fortunate to have a 12-member active Board of Directors comprising professionals who are highly accomplished extending support and guidance in their area of competence. The Board includes: Board Member Mr. Amit Prasad
Designation MD, Satnav Technologies
Focus Area Media & Marketing
Ms. Anu Acharya
CEO, Ocimum Bio
Women Entrepreneurship
Mr. Bipin Pendyala
Vice President, CA Technologies
Special Interest Groups (SIGs)
Mr. Hari K. Vallurupalli
Founder, CEO Clubs India
Sponsorships
Mr. Kali Prasad
Partner, Ernst & Young
Monthly Events
Mr. Mohankrishna Reddy Investment Banking Advisor Finance Mr. Mir Nasir Ali Khan
MD, Mak Projects Pvt. Ltd.
Retreat / Socials
Mr. Sachin Tummala
CEO, Corpus Media Labs
Mentorship
Mr. Safir Adeni
CEO, Eknovate Technologies Membership
Mr. Suresh Challa
Director, SSPDL Ltd.
TiE CEO Golf
Mr. Suresh Raju
Founder, Golden Hills
Investor Relations
Mr. Vikram Vuppala
CEO, Nephrocare
TiE Business Circles (TBCs)
TiE Times: Where does TiE Hyderabad Chapter stand vis-à-vis other Chapters in India? Murali: We have been working very hard to raise our Chapter’s involvement with activities that bring together the TiE and national business and corporate partner synergies together. We owe our success and laurels to the Founders and well-wishers of Hyderabad Chapter including, Mr. Srini Raju, Mr. Praveen Raju, Mr. J.A. Chowdary,
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April, 2013
Vol. II No. 3
Monthly e-Newsletter of TiE Hyderabad Chapter 1. Chose a topic to focus on that you are deeply in love with. "Masters and highly successful people are emotionally and personally engaged in their work" on a level beyond intellectual curiosity, Greene says. It's the personal commitment to a topic, problem or skill that is ultimately necessary for motivating and maintaining the long hours and fervent curiosity required to rise to the level of "mastery" in a field. "Otherwise you are never going to have the energy, the patience, the persistence, the ability to put up with the criticism, you will give up too easily, you won't push through all the crap the world is going to throw at you."
2. Skip all the extra school. earn by doing. According to Greene, learning entrepreneurship in school is inane. "Being an entrepreneur is making something, it's like Legos," Greene says and the best way to become an entrepreneur is to try building businesses. Henry Ford's first two automobile companies failed miserably, notes Greene. "You want to actually psychologically desire failure because it is how you are going to learn." If you aren't going to start your own business, at least work in as small a company as possible to learn as many skills as possible. Avoid large corporations and business school, Greene says. As an entrepreneur, "you are going to hire the people that have the MBAs. They are going to bring in that nuts-and-bolts knowledge."
3. Don't focus on making money in your 20s. "Tune out the idea of making your first million. It's about learning. You are there to accumulate as much experience building a business and you want to build several, if possible," says Greene. In the first five to 10 years after college, pursue experience over money. You will learn more than you could earn in those years.
4. When you have some experience, select a mentor. When selecting a mentor, look for somebody who is already doing what you see yourself doing in five to 10 years, says Greene. If you are going to try to approach a master to be your mentor, wait to do so until you have already started amassing a body of work. A healthy mentorship relationship is like that between a parent and a child, says Greene. A good mentor should be older than you and at a point in his or her career that he or she is wants to give back. Personality is important, too. "You want somebody who matches your spirit. If you are a very rebellious type, you don't want a stuffy conservative type mentor," says Greene.
5. Be flexible and creative. For the book, Greene interviewed Paul Graham, the computer programmer entrepreneur who started Viaweb, a company acquired by Yahoo in 1998 to become the Yahoo Store, and a partner of Y Combinator, an accelerator for startup entrepreneurs. In the highly competitive interview process for Y Combinator, Graham "can tell after one minute if he has the next Zuckerberg or this guy is useless, and it is because they are open-minded, they're flexible and they love, they are excited, they have a child like interest," says Greene. Building a company will inevitably confront you with unexpected challenges, and your ability to adjust your path to deal with those surprises is critical.
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“MusT REaD” Books for Rising Entrepreneurs 1. Linchpin by Seth Godin. Entrepreneur’s ship. Entrepreneurs are artists. This book is filled with all kinds of motivational thoughts and ideas. 2. The 4-Hour Workweek by Tim Ferriss. Simply put, the book challenges assumptions. It isn’t about “literally” creating a 4-four workweek, but instead ideas on productivity and limiting meaningless work. 3. Rework by Jason Fried and David Heinemeier Hansson. Another book challenging the “old school” misconceptions about what an entrepreneur is or should be (meaning, the goal of every company is just to sell it). A quick read that will make you think. 4. Delivering Happiness by Tony Hsieh. This memoir is a real treat of essentially Tony Hsieh sharing his story, thoughts, and insights on his journey that eventually led to the building of the Zappos empire. 5. A Whole New Mind by Daniel Pink. This is a bible-like guide for creative thinkers. If your work can be outsourced for pennies, you might be in the wrong line of work. 6. Crush It! by Gary Vaynerchuk. Sort of like having a high-energy, caffeinated conversation with Web TV and brand building mogul Gary Vaynerchuk. Want to use the Internet to cash in on your passion? Read the book. 7. The Art of Non-Conformity by Chris Guillebeau. Chris is the master of weaving personal experiences into bigger lessons. In this quick-moving book, you might just be sparked to make a big change in your business/life. 8. The Go-Giver by Bob Burg and John David Mann. The book talks about the overall lesson of giving first can’t be repeated enough. In fact, it should be tattooed on every entrepreneur’s arm. 9. The Referral Engine by John Jantsch. Referrals matter. Are you being recommended all the time…and to the right people? John will help you with that challenge. 10. Book Yourself Solid by Michael Port. If you have/need/ want/will ever work with clients, you need this book. Michael’s formula will get you booked solid.
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April, 2013
Vol. II No. 3
Monthly e-Newsletter of TiE Hyderabad Chapter
Date & Time
Event
Venue
HYDERABD April 24 9:00 am – 5:00 pm April 26 5:00pm 7:00pm
Jumpstart workshop UK Trade & Investment
Taj Deccan HardRock Cafe GVK Mall
BANGALoRE April 19 – 21 6:00 pm – 6:30 pm April 20 2:00 pm – 5:30 pm
TiE Partner Event: Lean Startup Machine TiE SIG Cleantech bring you Inaugral Event of the Sustainable City Series
Microsoft Accelerator R.V. College
CHANDIGARH April 12 3:00 pm 5:00 pm
U P CO M I N G E V E N T S
April 9 5:00 pm – 7:30 pm April 10 7:00 pm – 9:30 pm
"Are women better Business Managers?" 7th Edition of TiE Women entrepreneurship Program
CHENNAI Coffee with Charter Member - Suresh Kalpathi Panel Discussion on Innovative IdeasNew Business, New Ways followed by Networking Dinner
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Hotel President
April 17 10:00 am – 00:00 pm April 26 9:00 am – 6:00 pm April 18 -19 12:00 am12:00 am
TiE Delhi Helpline : Marketing and Branding India Internet Day 2013
TiE Delhi NCR The Ballroom ITC Sheraton
RAJASTHAN etailing India Conclave on "How to successfully start e Commerce for your business"
Crowd funding: Waiting for the investor pool to deepen. For details, read on. The country's miserable record on women's rights threatens to stunt its economic growth. For more details, read on. To know India’s top ten new and
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exciting startups, read on. Should the five-Brazil, Russia, India, China, and South Africa-create their own development bank and crisis fund? Read on... 2013 forecasts from around the world. For details, read on. A Mumbai marketing firm combats chaos from railroads to hospitals. Read on...
“If you always put limit on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them.” - Bruce Lee
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Signs of economic weakness in the once-robust growth bloc of Brazil, Russia, India, and China have made global investors wary. Read on. How Samsung became the world’s number 1 smart phone, for details, read on. A University of Chicago academic, Mr. Raghuram Rajan tests his theories in a turbulent economy. Read on.
Contributions and Sponsorships:
TiE Hyderabad Chapter # 8-2-277/B, Inwinex Towers, Ground Floor, Road No. 2, Banjara Hills, Hyderabad - 34 Tel + 91-40-64513397 Mobile: 90005 25150 Contact Us: info@tiehyderabad.org, www.TiEHyderabad.org
Publisher: Col Ravi e-NL Team : Asima, Murali Bukkapatnam and Rakesh Bhatia feedback : asima.sherali@gmail.com
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