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Do you know what makes any challenge big or small? It’s your attitude! Attitude decides who you are and what your actions are composed of. When your attitude is positive, you witness a bigger picture of your potential and strengths. On the other hand, when your attitude is on the pessimistic side, you will end up seeing even the positive with a lens of doubt and fear. Being a platform that brings exceptional tales of entrepreneurial excellence, our team also looks for various opportunities to tell our readers that behind every beaming excellence, there is a hidden tale of decimating the odds with the right attitude. These charismatic leaders and their brainchildren have created certain benchmarks which are and will be admired for years ahead. Some of these stories are inside this special edition as well. For the cover page of this edition, we have featured the story of HSO India and Philippines.
Established in 1987, the brand was incepted with a dream to catalyze the business ecosystem with the power of integrated Cloud Technology. Mr. Prabhat Nagraj- The Managing Director of HSO India and Philippines calls HSO a one-stop destination for all IT consulting and associated services. Their services are proven to modernize business operations, bring intellectual automation and deliver real-time performance insights. The impact of digital transformation brought by HSO is massive. The AIbacked Cloud infrastructure and Microsoft Cloud Service portfolio mark HSO’s uniqueness. Till now, more than 1800 professionals are associated with the brand and are deployed across the entire European market, North America and Asia. We were also amazed to know that HSO has traced a decade-long journey of becoming one of the world’s most preferred business solution and implementation partners. It was a true honor for Prime Insights to bring forward the story of HSO India and Philippines. We truly aspire that the organization creates vibrant wonders in the IT Consulting industry and empowers more and more businesses on a global pedestal.
At last, I would like to sign off by saying that our future depends on what we do in the present. As simple as it sounds, it has such a deep reality attached to it. All it takes is to be consistent in efforts no matter what the pace is. Have a sense of contentment for the goals you have achieved and continue working in silence for your dreams. Surround yourself with people and guidance that only aim to carve the best out of your personality. When you are between people who are smarter and wiser than you, you walk on a different path of enlightenment together. That’s pretty much it for this edition and we have so many interesting reads coming up in the future. We hope that our readers are thoroughly enjoying our editions. If we are missing something in our efforts, then kindly share your valuable feedback with us. Until we meet again, stay calm and keep giving your best!
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Mala, Anand, Khushboo, Jaanvi Singh,Aditya Tomar, Athul Vijay K, Shaurya Agarwal, Vishal Bhat, Rohit Rana, Ankita Singh
Email: yashwinee@primeinsights.in
Prakriti Gupta EditorHSO INDIA AND PHILIPPINES: LEVERAGING CLOUD TECHNOLOGY FOR CATALYZING BUSINESS TRANSFORMATIONS WORLDWIDE
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Cambridge Montessori Pre-School
To create change bringers and tomorrow’s leaders, an eminent pedagogy of commitment is quintessential
ZingHR
The ultimate techinspired, employeecentric hr platform for seamless enterprise scale growth
Entrepreneurs who have Changed the Business World with their Innovative Ideas and Hard Work. Here are a few Examples
Venture Wolf
Simplifying the Hassles of Next-Gen Start-ups in Finding the Ideal Funding Solutions
The Success Story of Tesla and Focus in the Future
Golden Eagle Technologies
Bringing an Immaculate Emblem of Revolution into the IT Realm
Moneyboxx Finance
Creating a future for micro-enterprises through affordable funding
Great Business Ideas for an Entrepreneurial Mind
FOSS India
A Global Eminent Player in Analytics for the Food and Agriculture Sectors
5 Important Tips to Boost Confidence while Presenting Before Investors
Kevin Plank’s Success Story and Way of WorkDiligence Bio is an OECD GLP certified laboratory focussed on regulatory toxicity services. We are specialized in the toxicity testing of Agrochemicals, Pesticides and Industrial chemicals.
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Starting with a little introduction about the brand, HSO was established in 1987 and has emerged as a trustworthy technology company right from its inception days. Under the leadership of Mr. Prabhat Nagaraj- Managing Director at HSO India and Philippines, the brand has grown by leaps and bounds. After completing his MBA in Strategic Management, Mr. Prabhat joined Microsoft US and helped build the Dynamics business in the US. After several leadership roles with various organizations such as Hitachi, DXC, Amazon and RSM, he moved to India for his passion for creating a business venture where people have the opportunity of growing and learning continuously for the long term. Keeping this as the source of his entrepreneurialism, Mr. Prabhat started the company amidst intellectually challenging situations. HSO is a boutique shop with an astute consulting mindset. The people who’re associated with the firm enjoy valuable corporate ethos like accelerated career growth, directly dealing with global customers, and working on the latest technology. HSO’s near focus is on campus hiring, investing in the youth of the country, and expanding the horizons of local outreach.
Our Prime Insights team is heartily proud of the brand’s journey so far and thought to weave the same for our global readership panel. We had a wonderful and joyous virtual interaction with the dignitary leader. Mr. Prabhat’s outstanding business ideas and future roadmap are at par excellence and have so much to learn from. We will be exploring many lesser-known facts about the company and sourcing deep insights into real-time motivation.
An entrepreneur who knows how to adjust with humility, possess true greatness to shackle the bars of challenges.
As an eminent IT Consulting and IT Service organization, the brand handholds its clients to modernize business operations, inculcate intelligent automation, deliver realtime performance insights, and connect the enterprise with its target customer base. With all these endeavors in action, HSO is known for accelerating the impact of digital transformation and empowering the business models of their clients. The unique and accurate international delivery model is their differentiator. Along with that, HSO creates the pedestal of differentiation with its capabilities of providing global project services and global managed services to multi-country, division, and site enterprise clients, through a single point of contract. HSO has a diverse Microsoft Cloud Service portfolio. The brand has picked the momentum of delivering excellent digital innovations, AI-backed Cloud Infrastructure, and other allied security services via Microsoft Cloud.
In recent times, HSO acquired the Dutch-based Cloud Transformation and Digital Innovation Services company,” Motion10” on Microsoft Cloud. This has given them the access to collaborate with more than 140 clients across different verticals including Retail, Finance, Public Sector, and Professional Services amongst others. This achievement will further strengthen HSO’s position as an influential Microsoft Solution Partner globally and will
accelerate the process of offering all Microsoft services to its clientele. In addition to it, this acquisition has elevated HSO’s current Cloud Transformation potential and has increased its capacity to deliver robust cloud infrastructure and data-enriched innovations.
As discussed above, HSO functions as a reliable business transformation partner with immaculate industry expertise and global reach, utilizing Microsoft technology to revamp how businesses and people operate. The end goal is to witness efficient improvements in the business performance of the clients. Today, the brand has more than 1800 professionals deployed throughout the European market, North America and Asia. It has traced a decades-long journey of becoming one of the world’s preferred business solution and implementation partners and a member of Microsoft Elite Inner Circle.
Manufacturers need to acknowledge that there is no upper bound to getting value out of their data. Microsoft offers technology that connects and integrates systems via data. Such connected services help in early maintenance and generating fresh income by selling smart, connected products. For this, powerful industry experience, calculative practices, and technical knowledge are essential to fetch the right
digital transformation. HSO serves as the one-stop destination to find the ideal and customized digital roadmap. To serve this purpose, HSO offers numerous engagement activities under the expertise of their inhouse solution architects.
For any organization, the most vital asset is to have the dream team! Mr. Prabhat highlighted the fact that the foremost challenge during the initial business days was to build a high-octane team that moves along the mission and vision of the company. In terms of resource hiring, many times HSO had to face proxy interviews of the candidate with moonlighting, fake experience, communication skills, business etiquette etc. It is quite understandable that for a start-up culture in the Indian market, branding plays a crucial role and the company needs to evaluate every perspective of strategic marketing. Mr. Prabhat believes that proper and grounded marketing helps to boost a brand’s visibility and gives that needed edge to stay ahead of the competitors. Along with marketing, he also asserts that maintaining the top-notch quality of the services being offered must be inevitable in a brand’s business model. Dealing with the pandemic was also a challenging phase for HSO but with ardent efforts and determination, the brand surpassed the pandemic and revived back with full energy. Earlier each entity within HSO functioned as individual units in their capacity. The team is maneuvering its way to bring the mindset of working with global services.
In the day and age of start-up boom & bust, bringing a company with steady growth from 1987 goes a long way in showing an inclination towards measured growth & sustainability. The brand has always manifested a steady pattern of growth! Empowering HSO’s entrepreneurial responsibility, the entire workforce has a major contribution to the success of the organization. The brand always invests in the holistic professional and personal development of its employees.
“We invest in our people with ongoing training programs and provide official proof of work experience with respect to their employees for the organization. Apart from that, we look forward to employees pursuing certifications related to their skills which will also prove beneficial for the organization in the longer run. We also give them exposure to onsite opportunities to face real-time customers. For training the fresher we provide entry-level opportunities as well. We also got certified as a “Great Place to Work” last year. I would also like to mention that our brand was felicitated by the “Outlook Business Spotlight Business Icon Awards” as, “The Best Emerging IT Company of the Year- 2022.”
In today’s business era, customers are profoundly aware of what they want from a brand, in terms of quality and trust. HSO has always adhered to a customer-centric
approach and caters to a variety of industries. Customer satisfaction at HSO is anchored by a team of professionals with experience in the zeal of making customers the priority.
“The relationship between customers and a credible organization is timeless. Every time a customer has an interaction with us, it is an evaluation of their experience. Customers are looking for partners that are interested in making their success the ultimate goal to achieve. At HSO, our customers come first, and we are the results company! At HSO India, we have the privilege of dealing with two customers always, our regional internal customers and the end user (clients). The customer is the one that gets the most value out of our services and has had multiyear relationships with HSO. HSO is headquartered in the Netherlands and is purely known for its long-lasting relationships with customers. Our journey is a result of their faith in us”, says Mr. Prabhat.
Following are the marketing initiatives/programs adopted by HSO to spread practical words of authenticity about their services and bolster the skills of the employees for the same.
• Ascend Certification- Great Managers InstituteManagement training program that focuses on improving an individual’s skills as a leader and manager.
• Great Places to Work Institute, India conducts “Great Place to Work Certification” which is recognized all across the world by employees and employers alike. It is considered the ‘Gold Standard’ in identifying and recognizing great workplace cultures. HSO completed the assessment and bagged the certification of “Great Place to Work-Certified Organization”. The company has created a healthy and amiably competitive work environment to get the best of its employees’ potential. With this, employees are excelling in the five dimensions namely; High-Trust, HighPerformance Culture – Credibility, Respect, Fairness, Pride, and Camaraderie. This is more than just badges and bragging rights.
• On-site opportunities: To experience face-to-face real-time customers.
• Flexible timing: Employees can work according to their productivity timing and choice of location.
• Certifications: Employees can go for certifications related to their skills. All such certifications are reimbursable provided the employee clears them.
It all began for Aeiforia Constructions with a dream to provide exceptional Design and Build Solutions for sustainable architecture. In India, eco-conscious interior designing projects are attracting everybody’s interest and Aeiforia is one brand that understands the eminence of well-furnished interiors but not at the cost of the environment. The entire workforce focuses on curating sustainable corporate infrastructures all while maintaining top-notch standards of quality. We had the opportunity of having a detailed conversation with the company’s CEO Mr. Lalit Mohan Gupta who holds the chords of leadership for Aeiforia Constructions Private Limited. After working with JLL India for 15 years, he joined Aeiforia Constructions as the CEO. Witnessing the marvelous entrepreneurialism of Mr. Lalit Mohan, we now know the primary reason behind Aeiforia’s supreme legacy. Drawing motivation from the years-long experiences of his father, he is spearheading the path of perfectionism. Through his story we have the opportunity of bringing a surreal dose of inspiration to our global readership panel and our team couldn’t be more excited for the same.
It was quite natural for us to be intrigued to know about the different phases of his entrepreneurial story. He shared, “Honestly, it is quite a long story, and wrapping it into a few words is a little challenging. Aeiforia’s inception was laid back in 2005 and it took us almost six years to cement its potential. But all I can say is that my journey has been nothing less than a roller coaster ride, it is filled with new enthusiasm every day. I have witnessed so many ups and downs. Project-wise, there are lots of times when we have to spend days and nights continuously on sites. If I look at the overall picture, it has always given me the enthusiasm to move forward. I have been in the industry for more than 20 years and my family has stood with me like a strong pillar. I look at my father as my motivation and I feel he is still more energetic than me.”
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“THE CREATORS OF EXCELLENCE RISE FROM THE ORDINARY, WITH A PASSION TO TURN THINGS UNSURPASSABLE.”
“Changing yourself with the ever-changing market trends is always a versatile thing to do, as it is necessary to align with what people need and look for. If a business doesn’t have the agility to change with multi-disciplinary drifts, one would never be able to succeed in the market. First is the technical way, where we talk about upgrading all the systems and incorporating efficient technological/ technical tools/machinery. To bring everything under the roof of efficiency and creativity, we hire a lot of young, enthusiastic, and idea-creating individuals. These young talents always come up with modernistic ideas, new technology, and significant solutions to existing problems. We have fostered a work culture where everybody has the freedom and confidence to bring their ideas to the table. With their ideas, the entire environment keeps on vibrating with an essence of innovation.”
“Technology and R&D have brought so much exposure and strength to the business fraternity that their imperativeness can’t be expressed enough. R&D is so important for evolving with new activities and involvement. Acknowledging the same, on weekends we always organize virtual meetings with our associates from different cities in India and talk about new products, and technologies entering our industry. We discuss imparting the training to our people and empowering them with robust skills to handle various complexities. Our success story has grabbed attention across the business community and R&D has played a persuasive role in that. Some of our mega-successful collaborations have been with tycoons like Sony, Bharat Petroleum, BPCL, IOCL, HPCL, and other dignitary PSUs.”
“There is always an equal call for competition among CEOs of today’s corporate world. I have always looked forward to learning new things from our industry’s fraternity during various seminars. This way I can incorporate improvisations in myself also. Competition is brewing at an exponential rate and in order to stay ahead of the competition, a brand must have its secret sauce to win its customer’s trust on grounds of authenticity, transparency, and integrity. Not only CEOs, but top management also plays a vital role in giving the right direction to the workforce. I believe that work culture doesn’t come from bottom to top; it is the other way around. It comes from top to bottom and CEOs should know how
to channelize their employees’ potential and take the best out of them. The behavior and thought process of the top management become the ultimate source of enlightenment for finding the correct path. For those leaders who doubt their entrepreneurial passion because of some downfalls or stereotypes, I would like to let them know that the beyond-beautiful phases of success come only after passing the challenges. Many new opportunities are opening for you. The only thing you need to have is the grit to face and learn lessons from them.”
“There are different HR activities that we perform for our employees other than academics and training. We take them out offsite once or maybe twice a year across cities for at least a week. We also conduct a lot of site visits within different cities to shuffle their regular responsibilities. This gives them a full-fledged ground to exercise and experiment with their capabilities. We also celebrate even the smallest of their achievements, birthdays, work anniversaries, personal occasions, and other moments of ebullience. This creates a sense of togetherness amongst our employees and keeps them motivated inside out. From a target perspective, we set up two kinds of targets namely Personal Development Target and Financial Growth Target. We give equal opportunities to our employees for their career advancement path. We give them small targets to improve their lagging perspectives and appreciate their achievements after the successful completion of those targets. It creates healthy competition for other people as well to constantly improve. Their empowerment is our empowerment!”
Mr. Lalit plans to turn his business venture public by 2025. The background activities to pursue the goal were already initiated last year. Being a servicebased company, Aeiforia Constructions is also planning to enter the facility management domain. After venturing into facility services, the team will work with a 5X business model. Aeiforia’s services are flag-bearers of green endeavors and promote the agenda of environmental conservation in all horizons. The team will also be coming up with many strategic initiatives to take this agenda on a broader footprint and create more energy-efficacious workplaces for the corporate industry. Technology will be a profoundly exemplary feature of Aeiforia’s upcoming services. We also support the education of children of the tribal area and workers as a token of giving back to society and we will continue performing many noble endeavors for the betterment of society.
It is rightly said that a major proportion of the character development of a child happens during pre-schooling. It is also veracious that the minds of toddlers are the easiest to mold under strong positive affluence. Hence parents and guardians put in their ardent efforts in ensuring that no compromise is made during the pre-schooling period of their child. An institution that knows the value of these efforts and believes in proving the right direction to their new minds is Cambridge Montessori Pre-School. The values on which the school stands today are withdrawn from the internationally postulated philosophy of Dr. Maria Montessori.
Incepted in 2017, Cambridge Montessori PreSchool is acknowledged for its quality valuedriven education in nurturing new entrants. The environment here is healthy and well-synchronized, creates opportunities for learning and exploring new things, and whole-heartedly cares for the children’s overall well-being. Teachers and all the other associated staff members at Cambridge Montessori Pre-School engage with the children with a conducive approach and carve their potential and confidence to the fullest.
Prime Insights has always been a platform that is passionate and enthusiastic about bringing the brand stories of educational institutions that are solely dedicated to shaping a brighter future
for India. We invited Mr. Pankaj Kumar Singh- Founder and Managing Director at Cambridge Montessori Pre-School to join us for a virtual interactive session. The dignitary was humble enough to join us and shared many lesser-known facts about the legacy of his brainchild. The session turned out to be extremely knowledgeable and we had to share the insights with our global readership panel. Our team feels gratified to have the opportunity of featuring Cambridge Montessori School as the “Most Preferred Pre-School in India 2023” on our platform.
Mr. Pankaj Kumar always had the zeal to build an organization that establishes a resilient foundation for their cognitive development and encourages their respective creative skills. He wanted to create an environment where children could become independent learners at the age of 3 to 4 years and learn to develop an adaptable mind. Hence Cambridge Montessori was born in 2017 and since then its legacy is irrefutable.
“To create change bringers and tomorrow’s leaders, an eminent pedagogy of commitment is quintessential”
• Cambridge Montessori differentiates itself from the rest by focusing on a comprehensive cognitive approach to enhance children’s motor skills, sensory development, and adaptation to the environment. A robust monitoring system is inculcated to ensure that the environment at the school provides energetic learning experiences and unfurls their respective personalities/potential. They also provide children with inquisitive learning materials/ tools, linguistic training, and age-specific development programs to carve the best out of them.
• An experienced and profoundly qualified team of teachers forms the support system of the children and handholds each one of these tender tiny tots to learn and grow to the fullest. Various training sessions, workshops, and assessments are carried out for the teachers and staff people as well. These initiatives are conducted to enhance teachers’ efficiency and empower them to handle formidable situations.
• When it comes to the health and hygiene perspective, Cambridge Montessori Pre-School leaves no stone unturned in maintaining strict policies and standards for the same. Every center at the school is aligned to follow all the compulsory protocols of cleanliness.
• Another ebullient feature of the teaching style here is that children are put in real-time situations to learn via touching, feeling, and doing things by themselves. This gives them a round-the-clock understanding of performing daily chores with a sense of ownership and intellect.
• Safety is another imperative parameter that parents/ guardians are concerned about the most. Knowing that these fragile minds are prone to security vulnerabilities, Cambridge Montessori is equipped with 24/7 CCTV surveillance, live GPS tracking, RFID (Radio Frequency Distribution) Installation, and vigilant security.
• Daycare services are also an integral part of their service portfolio. The Cambridge Montessori Pre-School and Daycare defines the purpose of perpetuating an avantgarde start to the children’s school lives. They also provide the opportunities of establishing franchises across India at affordable price points to revolutionize and strengthen the lives of many more children.
• On the International level as well, the school has established a cost-efficient franchise model that requires low investment for all the procedures concerning the establishment and functioning of the preschool in India. Cambridge Montessori International Play School Franchise guarantees to provide a wellstructured guidance model and personal assistance in marketing/management operations. Whether it is topnotch infrastructure, magnificent ambiance, or techdriven learning gadgets, everything comes under one roof of excellence.
“We are diligently working to further expand our network of more than 200 preschools across the globe. We have incorporated an amalgamation of Robotics and Mind Labs in our preschools. It came as a wonderful surprise as we witnessed children responding exceptionally well to technology-based learning. It gives them a space to think beyond their not-so-little imaginations. Our ultimate mission is to prepare the upcoming generations with astute acumen to handle the complexities of the world and that work has to be started from the ground level. As mentioned above, we have filled in all the blanks of parents’ concerns for their children. They have a sigh of relief to see their child moving ahead for self-construction.”
With a steep rise in the demand for tech-driven HR functions outsourcing, many brands have set their feet in the space. ZingHR is one such organization that is tracing an exponential trajectory of growth while being substantial to the business fraternity. ZingHR is the hotspot of a plethora of HR services backed with supreme technology to enhance businesses from the core. The exemplary services are based on years-long, deep-rooted business acumen, and the gamut of insights accumulated from domestic and overseas experiences. So far, their exclusive clientele comprises gigantic enterprises from various industries. The brand is present in India, Australia, Indonesia, Malaysia, UAE, Singapore, and Sri Lanka with more than 1.6 million active users. Under CSR, ZingHR has committed itself to UNSDG to contribute to fulfilling the anticipated sustainable development goals. Under the dynamic leadership of an exemplary entrepreneur Mr. Prasad Rajappan, Founder and CEO of ZingHR the brand has witnessed growth in numerous leaps and bounds. We invited him to join us for a virtual interaction and discuss the diverse facets of his brainchild. He emphasized that the company’s approach is driven by innovation and grounded perspectives. The brand’s sophistication, essence of professionalism, and work integrity motivated us to feature ZingHR under the exclusive segment of “The Best Company to Work for in 2023”.
A comprehensive HR Service provider, ZingHR has become the inevitable choice for different businesses to manage their Adaptable Payroll Processing, Compliance, Recruitment Procedures, Employees Engagement Activities, Talent Management, Talent Acquisition, Workforce Management, and other training-related requirements. To weave a quilt of a
sustainable culture of engagement within an organization, the brand leverages vast amounts of data and curates engagement strategies that are targeted to bolster motivation in the workspace.
The ZingHR chatbot is specifically designed to behave as a real-time virtual HR and bring real-time optimization to all HR-related queries. With the tinge of Artificial Intelligence, ZingHR’s chatbot uses services like Language Understanding Intelligence and Natural Language Processing to swiftly respond to the raised written queries.
The center of attraction for us was the differentiators that have been imbibed in the work culture at ZingHR. One of the imperative aspects was ZingHR’s initiatives to empower its workforce.
Mr. Prasad elucidated, “As we are in a crucial domain of business i.e. workforce, it becomes essential for us to maintain the stature of employee satisfaction. Employees’ achievements underlined by Cross-functional Team Collaboration, Innovation, Commitment, Hard Work, and Customer Obsession are honored at ZingHR with immense gratitude. We are always keen to witness our employees thriving to go the extra mile to support our customer base in all horizons. The environment style at ZingHR speaks for competitiveness, robust concepts of decentralization, agility in actions, trust, seamless cooperation, dense collaborations, and receiving even the smallest guidance from the leadership team. We encourage our employees to furnish the chords of good work-life balance. Through various training programs, we curate opportunities for our people to involve them in cross-functional activities. Our team members are high on unparalleled perseverance and have an eminent ability to collaborate, learn and unlearn.”
ZingHR’s management style emphasizes autonomy, collaboration, and innovation. The leaders always encourage the employees to develop a risk-taking aura. The top management team provides resources for experimentation and has fostered a continuous learning culture. Employees are taught to prioritize customer needs with the right strategy. This way the workforce is empowered to make decisions while maintaining a clear strategic vision for the company.
“We design training programs, workshops, and coaching to develop a fearless culture. Our mindset is all about treating failures with dignity. To know the reason behind the failure we address all the process, skill, and competency issues. Our psychological safety traces its roots from the collective learning of those failures. We believe that aligning professional performance with the company’s goals and values should be imbibed in the though-process of the employees. Talking about our core values, we are always enthralled to provide our people with opportunities for advanced learning, meaningful rewards, and recognition programs. Work-life balance is essentially being able
to manage both aspects (personal and professional) without thinking of managing, it co-exists naturally. Life is all about meeting both personal and professional needs and that can be achieved by prioritizing and planning efficiently. Results or Outcomation are the keys to success but that can be achieved only by following ethical processes, not compromising on core elements, and is governed by ESG.”
ZingHR added another feather to its cap of achievements by creating a new yet exemplary space of customer experience through its in-house project, “The Outcomation” for growth-bound enterprises. This was implemented via a series of three mega concurrent PITSTOP events across Delhi, Bengaluru, and Mumbai. In the two-day long event, the expert panel of ZingHR tested “The Outcomation” in real-time, and deeply evaluated and resolved the HR-Tech requirements of more than 100 enterprises hailing from industries like Retail, BFSI, Healthcare, Pharma, Microfinance, Manufacturing, Fintech and Healthcare amongst others. Especially for the HR leaders in enterprises, the program turned out to be immensely lucrative.
A brief about the PITSTOP program comes with an implementation framework for efficient Go-Live and early business results. This also comes with various customer-centric initiatives that are meant to keep customers’ interests at the core. This program strengthens the collaborative ideology amongst teams and enhances transparency in communication. In addition to it, ZingHR has also launched its “FASTRACK” program that taps the customer’s pain points and comes into the scenario to resolve them seamlessly. The amazing feature of this program is that it inculcates a comprehensive way of dealing with customers, becoming their voice, and reducing TAT time of support issues.
Discussing the plans for future expansion, the CEO addressed, “We are a tech company and want to adopt the future of HR services that has to be augmented by futuristic technology like Metaverse, conversational AI, etc. The amalgamation of these wonderful technologies with the paradigms of HR will drive the enigmatic future of the business fraternity. Hence we are continuously investing in the technological aspect and people who can bring their immaculate expertise to the table. We want to see our brand grow at a 10x speed and be perceived as the indomitable HR Service provider for our vast clientele. We are making ceaseless attempts to be in synchronization with the latest market trends and are gearing up to position ourselves at a ubiquitous repute.
Bill Gates: Bill Gates is an American entrepreneur, software developer, and philanthropist who co-founded Microsoft Corporation in 1975 with Paul Allen. Microsoft is the world’s largest personal-computer software company and has played a significant role in the development of the personal computer industry.
Under Gates’ leadership, Microsoft introduced many popular software products, including the Windows operating system, Microsoft Office, and Internet Explorer. He was also a key figure in the development of the personal computer industry, and his contributions to the field have had a lasting impact.
In recent years, Gates has shifted his focus to philanthropy through the Bill and Melinda Gates Foundation, which works to improve global health and reduce poverty. He is also an author and has written several books, including “The Road Ahead” and “Business @ the Speed of Thought.” Gates is widely regarded as one of the most influential entrepreneurs in history, and his impact on the business world cannot be overstated.
Steve Jobs: Steve Jobs was an American entrepreneur and inventor who co-founded Apple Inc. in 1976. He is widely regarded as a visionary in the technology industry and played a significant role in the development of the personal computer, mobile device, and music industries.
Under Jobs’ leadership, Apple introduced several innovative products, including the Macintosh computer, iPod, iPhone, and iPad. These products revolutionized the personal computer, music, and mobile device industries and continue to shape the way we live and work today.
Jobs was known for his attention to detail and his commitment to creating products that were not only functional but also aesthetically pleasing. He was also a master marketer and was able to create a cult-like following around Apple’s products. Although Jobs passed away in 2011, his impact on the business world continues to be felt today. He was a true pioneer in the technology industry and his contributions to the field have had a lasting impact.
ENTREPRENEURS WHO HAVE CHANGED THE BUSINESS WORLD WITH THEIR INNOVATIVE IDEAS AND HARD WORK. HERE ARE A FEW EXAMPLES:
Mark Zuckerberg: Mark Zuckerberg is an American entrepreneur who co-founded Facebook in 2004 while he was a student at Harvard University. Facebook is now the largest social networking platform in the world with over 2 billion monthly active users.
Under Zuckerberg’s leadership, Facebook has grown from a small startup to a global company that has transformed the way people connect and communicate online. Zuckerberg is known for his innovative thinking and his ability to anticipate trends in the technology industry.
In addition to his work at Facebook, Zuckerberg has also been involved in philanthropic initiatives through the Chan Zuckerberg Initiative, which he founded with his wife Priscilla Chan. The initiative focuses on advancing scientific research, promoting education, and improving access to affordable housing and healthcare.
Zuckerberg has been recognized as one of the most influential people in the world, and his impact on the business world and the way we communicate with each other cannot be overstated.
Jack Ma: Jack Ma is a Chinese entrepreneur and philanthropist who co-founded Alibaba Group in 1999. Alibaba is now one of the largest e-commerce companies in the world, and its success has made Ma one of the wealthiest people in China.
Under Ma’s leadership, Alibaba has revolutionized the way people buy and sell goods online, particularly in China where the company dominates the e-commerce market. Ma is known for his charismatic leadership style and his commitment to innovation.
In addition to his work at Alibaba, Ma
Richard Branson: Richard Branson is a British entrepreneur and investor who founded the Virgin Group in 1970. The Virgin Group is a multinational conglomerate that includes over 400 companies in various industries, such as travel, music, telecommunications, health, and more.
Under Branson’s leadership, the Virgin Group has become known for its innovative and customer-centric approach to business. Branson is also known for his adventurous spirit and has undertaken several high-profile stunts, including attempting to circumnavigate the globe in a hot air balloon.
Branson is a vocal advocate for entrepreneurship and has used his success to encourage others to take risks and pursue their dreams. He has been involved in a variety of philanthropic initiatives, including supporting efforts to combat climate change and improve access to healthcare.
Branson’s impact on the business world and his contributions to the development of several industries have been widely recognized. He is often cited as an inspiration for entrepreneurs and business leaders around the world.
These entrepreneurs have all made a significant impact on the business world and have inspired countless others to follow in their footsteps.
Incorporated in 2016, VENTURE WOLF offers key competence in guiding new-edge startups, SMEs, MSMEs, and growth-stage companies in raising equity and debt capital from its widespread network of 5000+ investors in India, the United States, the Middle East, Israel, Singapore, Europe, Hong Kong, Australia, China, and Japan. The foremost objective of the brand is to support and assist businesses at all stages to fulfill their funding needs. The brand also offers trustworthy services like Equity Funding, Secured & Unsecured Debt, Working Capital, Revenue Based Funding, Growth Funding Requirements, Mortgage Loans, SME Funding, Export Bill Discounting, Construction, Real Estate, Builder Funding, and SME IPOs.
As the editorial team of Prime Insights Magazine sat down to have a conversation with Mr. Devang Raja-Founder of VENTURE WOLF, we discussed so many important facts and features about the brand. We had a bunch of questions to be asked from the seasoned entrepreneur. We can assure you that his words carry the epitome of excellent business acumen and understanding of the evolving business ecosystem. He also gave us a sneak-peak at the company’s upcoming projects and expansion strategy. We present this brand article as a reflection of the company’s supreme legacy.
Company’s Founder Mr. Devang Raja was working on building his venture. It was during this time he realized that there is an unfulfilled gap in a comprehensive platform that would provide all kinds of services, proper guidance, support, and mentorship to the bussing entrepreneurs. In addition to it, he also knew that startups can also
leverage seamless investor connections to help startups and businesses raise funds if provided at one-stop. Hence, to simplify the fund-raising process for businesses and empower the passion of future entrepreneurs, the idea of VENTURE WOLF was born.
As a colossal entrepreneur and one who empowers other entrepreneurs, Mr. Devang Raja believes that challenges are an essential part and parcel of any business. Just like any other business, VENTURE WOLF saw its share of ups and downs. From getting the right people on board, to getting clients and delivering them what was
promised and building a network of 5000+ investors was a tough yet optimistic journey for the brand. Furthermore, the economic setbacks that came up during demonetization, GST implementation, and COVID Lockdown made the road even harder. Every day brought something even more challenging but the team stood cohesive with their persistence and common vision. Today VENTURE WOLF is expanding by leaps and bounds through the support of its channel partners across the country.
“VENTURE WOLF believes that trust is not a defining factor but an achieving one. When we balance the right value proposition to our investor – Investee communities equally, we make successful, sustainable, and sensible deals. This notion spreads through word-of-mouth and enhances the brand equity of our work done which in turn becomes the main theme for brand trust. At VENTURE WOLF, we strive to provide clarity and confidence in the present to create a better tomorrow. Our values go beyond language. A strong entrepreneurial focus, an emphasis on cooperation, unflinching integrity, transparency, clear, fair, and nonmisleading discourse, mutual respect, and a continual desire to ‘Creating Entrepreneurs’ are at the core of the business. Being in this line of activity since 2016, VENTURE WOLF has received immaculate support from the ecosystem. This could be because we stood by our clients even during tough times like the recession and pandemic. In a nutshell, VENTURE WOLF prefers to slog along no matter how the circumstances are with our nurturing services. This drives the mistrust away and builds the brand equity”, says the proactive founder, Mr. Devang Raja.
Investors trust VENTURE WOLF because the team brings well-curated startups with a proper plan of action. It helps the investors to increase their respective revenues and enhance their successful portfolios. On the other hand, the founders are honored with practical and strategic growth hacks. Whether it is witnessing strong connectivity with ecosystem players or building other strategic connections, every resource in terms of both monetary support and knowledge is provided to give wings to the dreams of passionate entrepreneurs. VENTURE WOLF has differentiated itself from its competitors in all perspectives and established a fond bond with its customers through the effective delivery of services. The corporate culture has never been
unilateral; the team always welcomes productive solutions that are cordially acceptable to both sides of the client’s table like the investing communities and the startup founders.
VENTURE WOLF plans to leap into developing a 3D model of the situation in which the third dimension is the end user of the product/service of the investee entity. Considering all three segments the team will have the agility to scrutinize and synchronize all the deals and bring success to everyone involved in them. Efforts are already in action to launch the brand’s in-house built flagship program, “WOLF DEN”. This program would be aired on a premium channel where startups meet investors and grab their interests. This goal is aligned with fulfilling the splurging demands of advancing fields like health, education, and Artificial Intelligence, as these sectors are quintessential for the 360-degree benefit of the nation. Both Investors and Investees must realize the importance of bringing more influx of funds into these segments and this program will try to bridge the gap between the dreamers and the catalysts of the ecosystem.
VENTURE WOLF is in every aspect, like a dream come true for entrepreneurs as every inch of corporate guidance comes under one roof. To all the aspiring entrepreneurs, Mr. Devang Raja tells that this is the best time to bring the idea into reality. “Give your best to the idea. Think out of the box. Ups and downs will come in life. Be optimistic and make use of every opportunity you are getting and promise what you can deliver. Be honest in your operations as problems and market opportunities are abundant. The atmosphere is well set due to the mode set in by the Government. This is the right time to embark on a new initiative. Do not work solely for commercial gains because money is just a byproduct of success. You have the expertise of people around you, take the knowledge from these guys and put it into your efforts. Come up with a product or service that the world needs. The next 10-15 years it’s going to be for INDIA so make the best use of it. When you have a niche idea, you should be working on it. Get professional help whenever required. Most issues can be resolved when you have a clear thought process and open communication with your team. Ask for assistance and concentrate on your core competencies.”
The success story of Tesla is a testament to the power of innovation, perseverance, and disruption. Tesla was founded in 2003 by Elon Musk, Martin Eberhard, Marc Tarpenning, JB Straubel, and Ian Wright. The company’s mission was to accelerate the transition to sustainable energy and to disrupt the traditional automotive industry. Tesla’s first product was the Roadster, an all-electric sports car that was introduced in 2008. Despite the high price tag, the Roadster was a commercial success, and it helped to establish Tesla as a leading player in the electric vehicle market.
In 2012, Tesla introduced the Model S, a luxury sedan that received widespread critical acclaim and helped to cement Tesla’s reputation as a leader in electric vehicle technology. The company continued to innovate, introducing new models like the Model X, Model 3, and Model Y, and expanding its production capabilities.
Tesla’s success has not been without its challenges. The company has faced criticism for production delays, safety concerns, and financial issues. However, despite these setbacks, Tesla has continued to push the boundaries of what is possible in the electric vehicle market and has established itself as a major player in the automotive industry.
Today, Tesla is valued at over $800 billion and is one of the most valuable companies in the world. Its success has inspired other companies to invest in electric vehicle technology, and it has helped to accelerate the transition to a more sustainable future.
Based on their previous announcements and developments, here are some potential areas where Tesla could focus on in the future:
Electric Vehicles: Tesla will likely continue to invest in the development of electric vehicles, with a focus on improving battery technology, range, and charging infrastructure. They may also expand their product line to include more affordable and mass-market electric vehicles.
Tesla has been a leader in the development of autonomous driving technology, and they may continue to invest in this area to improve safety and convenience for their customers. They may also work towards regulatory approval for fully autonomous vehicles.
Energy Storage: Tesla’s energy storage products, such as Powerwall and Powerpack, have been successful in the residential and commercial markets. They may continue to invest in this area, including the development of larger-scale energy storage solutions and integration with renewable energy sources.
Solar Energy: Tesla acquired SolarCity in 2016 and has since expanded its solar offerings. They may continue to invest in the development of solar technology and the integration of solar energy with their energy storage products.
International Expansion: Tesla has been expanding into new markets around the world, including China and Europe. They may continue to focus on international growth, including the development of localized products and production facilities.
Vertical Integration: Tesla has been working towards vertical integration by producing more components in-house, such as batteries and electric motors. They may continue to expand their inhouse production capabilities to improve efficiency and reduce costs.
An organization that perceives real success in empowering its people, knows what wonders their potential can create if brought together. Today business leaders and brands are diligently focusing on adding imperative values to the professional spheres of their workforce. Standing true to this ethical conduct, today Prime Insights has brought the story of a brand that finds the real purpose of doing business in moving ahead with its employees. As ecstatic as we are to present numerous insights from the journey of Golden Eagle Technologies Private Limited, we were even more elated to have the opportunity of getting in touch with the company’s CEO, Mr. Chandan Kumar. He founded the company in 2015 and since then the tale of excellence is exponentially increasing. He also revealed many lesser-known facts about his brainchild and we could not stop from featuring Golden Eagle Technologies under the exclusive segment of “The Best Companies to Work for 2023”.
To begin with, Golden Eagle Technologies is a platform where businesses can join hands with a dedicated team of seasoned IT developers to enhance their projects and services. The pivotal areas of the team’s expertise are App Development, UI/UX Design, Web Development, Offshore Development, and DevOps Development amongst others. Combining years of experience, the IT solutions offered here are acknowledged for their competitive edge, exceptional resources, and top-notch quality. Till now, Golden Eagle has catered to more than 132 clients across the globe and has delivered more than 306 successful projects. The organization has a process-driven approach to complying with the latest trends and regulations of best practices. Golden Eagle is also certified with various process-driven certifications such as CMMI Level -3, ISO 9001-2015, and ISO 27001-2013.
Mr. Chandan KumarWe asked Mr. Kumar about the essential aspects of team building followed at Golden Eagle Technologies. He elaborated, “We are very particular about three major pillars of success which are Passion in our souls, Honesty in our work, and Integrity in our emotions. These values are so important for building the serene character of the team, right from the directors to every single employee of the organization. We strongly believe that if someone wants to be at the peak of success at GE, he/she needs to exhibit true passion, honesty, and integrity right at the core. Failures are an inseparable part of any business and life, as an entrepreneur. Falling and making a comeback should be imbibed in your mindset.
If you master the art of thriving amidst all the difficulties for your dream, then I think nothing can stop you from becoming a charm. We intricately understand that we as leaders need to pass on the same to our employees. We always encourage our employees to adopt a forward and positive attitude in any work they do. Frequent SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is also conducted to understand the current stature of our work culture. We also tell them to set SMART goals and develop achievable strategies to achieve them within a stipulated period. If they are ardently confident about their style of working, then keeping the customers contented becomes quite smooth. In addition to it, I would also like to mention that work-life balance is a cycle, not an achievement. We believe in
continuous and constant efforts towards a common goal all while keeping human values intact. We provide our employees with a broad space and freedom to perform better with mandatory surveillance. The foremost step in team building is “Goal Setting”. A team with a clear goal is a team that knows what it must do to be successful. The second approach is role clarification. The team needs to have a sound understanding of their respective roles and responsibilities. The process is further followed by-
• Problem-Solving
• Interpersonal-Relationship Management
• Developing good listening skills and taking feedback
• Fostering trust, belonging, and inclusivity
• Encouraging a growth-hungry mindset”
Golden Eagle works with a very clear mandate that acknowledgment plays a quintessential role in the holistic development of an employee. Recognizing even the smallest achievements made motivates the individual to chase more opulence with a grounded ideology. GE has multiple rewards and recognition initiatives fulfilled within the organization such as Employee of the Month, Team of the Month, Employee of the Quarter, Outstanding player, and Initiatives of the Month. This propels its people to move an extra mile while the call of duty is on.
Golden Eagle Technologies has a very discrete culture of “Employee First Policy” which is very well replicated in the form of:
• Flexible working hours
• Continues skill development
• Health Awareness Programs
• Medical benefits
• Work-Life Balance
• Paid Time Leaves
With the corporate world becoming more competitive, ensuring absolute employee satisfaction is the biggest challenge in the present scenario. GE has implemented the best possible initiatives with utmost transparency to ensure the same. The brand’s employee development policies are flexible, clear, well-documented, and objective oriented. These policies set an understandable and realistic set of expectations. The “Employee Development” process encompasses the following domains-
• Rewards and Recognitions
• Real-time Feedback and Improvement Plans
• Impeccable Learning and Development Methodology
• Mentor-based Coaching
• Cross-Departmental Trainings
• Paternalistic Management Style
“In this style, the manager acts with the best interests of their subordinates at heart. The higher management people of GE refer to the staff as ‘family’ and ask for loyalty and trust from the employees. Mr. Kumar highlighted the use of unilateral decision-making and the same is taught to the employees that the decision-makers are working from a place of expertise, and thus, legitimacy. Decisions are well-explained to employees, and there is always room for collaboration or questioning. Employees should also work on brushing up their efficiency, problem-solving skills, team player attributes, and efforts in performing extra for the company’s growth. If we see an employee standing true to these parameters then we recognize their contributions with grandeur and motivate them to handle bigger professional responsibilities within the organization”, says Mr. Chandan Kumar.
Visit us: www.goldeneagle.ai
Kevin Plank is the founder and former CEO of Under Armour, a sports clothing and accessories company. Plank’s story is often cited as an inspiring example of entrepreneurship, as he built a global brand from scratch.
Plank was born in Kensington, Maryland in 1972. He grew up in a family of five siblings and played football at St. John’s College High School in Washington, D.C. After graduating from high school, Plank attended the University of Maryland, where he played football and studied business.
While still in college, Plank began to develop the idea for Under Armour. He noticed that his cotton T-shirts became soaked with sweat during football practice, so he started to experiment with fabrics that would wick away moisture. Plank eventually settled on a synthetic material that was lightweight and breathable, and he began to make T-shirts that would keep athletes cool and dry.
In 1996, Plank launched Under Armour out of his grandmother’s basement in Washington, D.C. He started with just $40,000 in personal savings and sold his products out of the trunk of his car. The company’s breakthrough moment came when a number of NFL teams began wearing Under Armour shirts and other apparel.
From there, Under Armour grew rapidly. The company went public in 2005, and by 2010, it had surpassed $1 billion in annual revenue. Plank became a billionaire and a household name in the world of athletics.
Plank stepped down as CEO of Under Armour in 2020, but he remains involved with the company as its executive chairman. Today, Under Armour is one of the world’s leading sports apparel brands, with a global presence and a loyal following of athletes and fitness enthusiasts.
Overall, Kevin Plank’s story is a testament to the power of hard work, persistence, and a willingness to take risks. He turned a simple idea into a global brand, and he continues to inspire entrepreneurs around the world with his story of success.
Kevin Plank is known for his innovative and entrepreneurial approach to business. Throughout his career, he has emphasized the importance of hard work, perseverance, and a willingness to take risks. Here are a few key aspects of Plank’s way of working:
Focus on solving a problem: Plank’s idea for Under Armour grew out of a personal need - he wanted to create a T-shirt that would keep him cool and dry during football practice. He was focused on solving a specific problem, and that focus helped him create a product that resonated with athletes around the world.
Move quickly and decisively: Plank has often emphasized the importance of moving quickly in business. He believes that entrepreneurs need to be decisive and willing to take risks in order to succeed. This mindset helped him launch Under Armour quickly and grow the company rapidly.
Emphasize innovation: Under Armour is known for its innovative products, and Plank has always emphasized the importance of staying ahead of the curve. He encourages his team to think creatively and to come up with new ideas that will set the company apart from its competitors.
Surround yourself with talented people: Plank understands that he can’t build a successful company on his own. He has worked hard to recruit talented people to work with him, and he has built a strong team that is focused on achieving the company’s goals.
Stay focused on the customer: Finally, Plank has always emphasized the importance of putting the customer first. He believes that every decision the company makes should be guided by a desire to create products that athletes will love and that will help them perform at their best. This customercentric approach has helped Under Armour build a strong brand and a loyal following.
The Micro enterprises segment is the backbone of Indian economy with significant contribution to employment and economic activity. However, these enterprises, especially in rural India, are unable to grow due to limited availability of credit due to inadequate business documentations, credit history and collateral. Landscape of lending to microenterprises is changing with NBFCs adopting innovative business model making use of technology and expanding their presence in rural India. Digital technologies are being used more frequently now than ever, increasing opportunities, productivity, and income for micro and small entrepreneurs.
Moneyboxx Finance is one such NBFC that is driving financial inclusion by providing unsecured and secured Vyapar loans to micro enterprises in a transparent and cost effective manner. The company is ranked among the 20 Most Reliable Companies To Watch In 2023 due to its unique strategy for micro enterprise business financing.
Moneyboxx Finance focuses on financial inclusion and empowerment to meet the unmet credit requirements of microbusiness owners in Tier-III towns and beyond. The company has a branch network of 56 branches spread across six states: Rajasthan, Haryana, Madhya Pradesh, Chhattisgarh, Punjab, and Uttar Pradesh. By providing unsecured and secured business loans varying from INR 1 to 7 lakhs across essential sectors like livestock, retail traders, kirana, micromanufacturing, and services, Moneyboxx empowers microentrepreneurs.
Through its distinctive “phygital” model, which uses technology to maximize efficiency and scalability while ensuring strong customer connections through an on-theground presence, the company has successfully served the MFI+ market. Moneyboxx has improved the lives of more than 30,000 borrowers with total gross disbursements of over INR 500 crores. 53% of these were female, and 35% had never had credit. The company supports long-term socio-economic development in addition to direct financial inclusion through various impact initiatives outside of lending, such as agroforestry programs and free veterinary consultations for agricultural farming and dairy borrowers.
Rural India got only 9% of the banking credit despite making up 65% of the Indian population and workforce and contributing 47% of the India’s national income. Moneyboxx claims that micro-businesses in Tier III and lower towns are severely underserved, with a credit gap estimated by IFC at INR 8 trillion in 2018. To promote financial inclusion, the company offers business loans to deserving microentrepreneurs.
Micro enterprises have their unique set challenges, making it difficult for the traditional financial institutions and Fintechs to evaluate their credit worthiness and provide financing solutions. The following are the main challenges:
• The borrower lacks adequate business documentation (ITR, GST, banking, and books of accounts).
• Having no or limited credit background
• Offering no or inadequate collateral security
• Little to no online footprint
In view of these challenges, traditional lenders perceive this sector as high-risk due to lack of adequate information and high transaction cost considering relatively small loan ticket size. However, Moneyboxx has a proven business model for catering to this segment by adopting a unique phygital business model which involves a relationship-assisted branch model powered by technology.
Moneyboxx is dedicated to making a difference beyond providing finance. In addition to providing impact financing, the company is also implementing various impact initiatives in collaboration with CSR partners to increase its borrowers’ farm income by planting fruit-bearing trees. Allowing multi-fold increase in income over the course of the loan transforms the lives of underserved borrowers by providing credit for acquiring assets, income generation, and working capital. Within three years of taking out a Moneyboxx loan, borrowers, particularly those with cattle loans, can double their income. The company has served its customers in a distinguished manner. The following are a few of them:
• Moneyboxx has highly scalable, completely digital, and asset-light business model with digital approach right from on-boarding to collection, monitoring, and disbursement. Its relationship-based approach, datadriven underwriting models, and strong customer connections through the branch network ensure strong underwriting and collection
• The company has top-notch asset quality in the unsecured loan sector despite the strain brought on by the once-in-a-century pandemic. In addition, it fares better than its peers in the segments and big secured loan players of comparable size—the low GNPA of less than 1% results from the strong underwriting practices and collection mechanism. With an emphasis on essential sectors and segments, Moneyboxx’s AUM is well-diversified geographically providing stability to portfolio quality
• Due to its strong operating model, the company has regularly added new lenders with increasing vintage and AUM and is currently supported by 24 lenders, including leading banks, NBFCs and impact funds
Borrowers with credit needs of INR 1-10 Lakhs, known as the “Missing Middle,” is the most underserved segment in India, especially, in rural India. Moneyboxx addresses credit needs of this segment and is transforming lives of the micro entrepreneurs by providing impact financing and various beyond-lending initiatives such as free vet consultancy services for livestock borrowers and agroforestry initiatives for borrowers with agricultural land. Through these numerous beyond-lending initiatives and customer-centric approach, Moneyboxx has gained the confidence of its customers. The company deeply understands its customers by directly connecting with them without involving any intermediaries, emphasizing a relationship-based approach rather than a product-based strategy. By offering loans for income
generation purposes and hiring local talent in these regions, Moneyboxx Finance significantly contributes to regional economic growth and fosters financial inclusion. It has a long-term socioeconomic effect.
Through its relationship-based strategy, customer-centric approach, branch-based operating model powered by technology, Moneyboxx has established strong relationships with its borrowers. The company believes in long-term relationship with its borrowers wherein its team of relationship officers and impact officers (vets) are in continuous touch with the borrowers for their financing needs and beyond-lending impact initiatives.
1. The Moneyboxx Vyapar Loan (Unsecured) is explicitly designed for microbusiness owners and offers fast, easy access to credit. This loan varies from INR 70,000 to 3,00,000, and its term spans between 12 and 36 months. It is available to help small businesses in the trading, manufacturing, service, and livestock sectors for their business needs.
2. The Moneyboxx Vyapar Loan (Secured) is designed for customers seeking higher loan amount for a longer tenure and have some property to offer as collateral. The loan term is between 36 and 60 months, and the loan amount varies from INR 3,00,000 to INR 7,00,000. The loan may be used for asset purchases, working capital requirements, or business expansion.
Moneyboxx introduced secured business loans this financial year to cater to unmet credit needs of the borrowers. With the aim of driving financial inclusion in “Bharat”, Moneyboxx aims to have AUM of about INR 1000 crores and 100 branches by FY24.
The co-founders of Moneyboxx, Mr. Deepak Aggarwal and Mr. Mayur Modi, say that establishing the company was challenging and gratifying. Finding the market gap was the first step in the quest. After conducting extensive analysis and research to determine market and demand, they set a business plan to address those requirements. The co-founders successfully established Moneyboxx after navigating the legal and governmental requirements and set up a sustainable and successful business model by having the right strategy and team onboard.
Along with managing business, achieving growth plans and managing risk, the cofounders also had to deal with
challenges created by the outbreak of pandemic. They contend that managing risk is critical for all financial institutions. To ensure that the activities were sustainable and profitable, they had to put strong risk management processes and systems in place. They eventually arrived after a challenging but rewarding journey.
Co-founders, Mr. Deepak and Mr. Mayur counsel aspiring business people to concentrate on the following crucial areas:
• One must thoroughly understand the industry they intend to operate in before starting any business. It entails comprehending the wants of the clientele, the competition, and any regulatory requirements that might affect the company.
• Young businesspeople should surround themselves with people who share their vision and values, have complementary abilities, and are like-minded. The development of a mindset of cooperation and ongoing education is also crucial.
• Any company must have financial management discipline. Mr. Deepak and Mr. Mayur can vouch for this since they founded Moneyboxx Finance. One must ensure a solid financial plan, prudently invest in their company, and effectively manage their cash flow. They should also monitor their finances and frequently review their financial statements to make wise choices.
• Innovation is essential to keeping ahead in the fast-paced business world of today. Young businesspeople should always be on the lookout for methods to enhance their offerings in terms of services, products, business operations, and processes.
• The co-founders of Moneyboxx think networking and teamwork are essential for any business, particularly for young entrepreneurs. As a result, one should attend business conferences, join trade associations, and network with peers in their industry. In a nutshell, collaboration can lead to new ideas, alliances, and opportunities.
According to Mr. Deepak and Mr. Mayur, starting a company is a complex but rewarding process. Concentrating on these essential areas can improve their chances of success and create a long-lasting company that positively affects the world.
ny new business that comes up in the market has to work with certain strategies to scale and make growth in the long run. A business must be rich in ideas that put forward an appositive approach and set a target market to attack and promote. The ideas for an entrepreneurial journey must be unique; customer-mind oriented and should have enough potency to scale from different angles. Thus, to launch any successful business, ideas with inspiration are necessary for setting and securing future milestones. Some great ideas are hereby listed for business entrepreneurs to look at and deal with, before starting:
A business that deals with fashion and fashion-based products can easily launch this idea with a wide variety of prospects. Shirt printing business, especially the customized ones added with affordability and best linen quality can become a high target-oriented market. One can license someone else’s design and screen-print them into a shirt of any solid colour. It is undoubtedly a great e-commerce business for bulk selling.
Many do not have the idea of a reselling market but it is without a doubt that reselling items of utility can become a great business model. Such as reselling not much-used clothes, fashion jewellery, bags and many more. It can be turned into a full-time job by expanding your reselling options through a reselling website. Items tagged at a low cost can return huge online profits such that soon you can turn the business into an inventory of items at the right location.
This is another profitable smart online business that is in huge demand now–a–days. Budding entrepreneurs with an active spirit of teaching various topics can easily coach students and make them learn things online in a limited time but with huge prospects. The demand for teachers regardless of the subject is in need all the time. With advanced knowledge and field of various subjects, even teaching a foreign language or trying to coach to play a sport can become an online yet profitable business.
This is a new model of business that has been scaling for a long time. Many people today keep pets as a hobby or out of motherly care in absence of a kid. As a pet sitter, much like a babysitter or nanny, if you have quite a knowledge about how to adjust with them, look after them, feed them, clean their waste and take good care, then this can become a good way to earn money based on the valuable time you spend after the pet. Thus, a pet sitter can easily stay contented getting to play with animals and side by side earn well for a living.
Consultation online or offline on any topic on which you hold profound knowledge can turn it into a passionate business model. One can nurture their inner leadership, social media connections, and marketing and make use of human resources to open an online portal or offline centre for consultation on various topics. You can start a consultation business of your own and then slowly include other consultants to expand the scope of your firm.
A clean home, school, office or any area is highly appreciated by all. People, however, do not get time for cleaning owing to their busy schedules so they become keen to search for people or agencies that can look after the cleaning or maintenance of their homes and workplace. You can either join a cleaning company or start your solo cleaning setup by visiting places and giving them a demo. Very soon, you will find yourself occupied and paid on a regular basis.
If you have knowledge and passion for technology, then you can put them into developing apps that are based on utility and career. Using smart phone’s, people regularly visit Play Store or want to find new versions of their old apps with better technology, options and interface. Reading out the customer demand and what is most in demand, developing utility apps are the best way to earn online. Virtual reality software has also become popular over time so there is a huge prospect in VR app development.
This is yet another high-demand service that is required in times of emergency or at odd hours of the day. Medicines are always on-demand products as the world offers us a variety of diseases and their mutations. If you have a reliable vehicle option, then use your time management skills and consider yourself as a good medicine courier service to transport not only medicine but also emergency lab equipment, specimens, prescription-based drugs and lots more. Either start your own or join any reliable courier business.
Analytics is an excellent domain to scrutinize and optimize the food and agriculture sectors. Not only it is cost and time-efficient, but analytics also leverages information management and runs data-driven productions with minimal wastage of resources and yields hefty production. In such scenarios, where food and agricultural processes need to be optimized with the power of analytics, FOSS steals the show with its simplistic, comprehensive, and sustainable analytics services.
FOSS is a global provider of astute and accurate analytics, curated to maximize the value of agricultural production all while leveraging natural resources judiciously. Today our editorial team sat down to have a detailed conversation with Mr. Bharat Aswani- Managing Director at FOSS India Private Limited. The star attraction of this conversation was Mr. Bharat’s pride in his organization’s work culture. With dedicated and eminent efforts, FOSS has created a workplace that fosters the empowerment of its employees. He shared numerous facts about the particular aspects of FOSS’s corporate ethos and practices. He also brought light to the importance of having a grounded, cohesive and motivated workforce in expanding an organization’s growth.
The company’s approach to team building varies with the kind of team involved in it. Perfect for a new team with all new members, a communication-based teambuilding approach can be a great icebreaker. A skill-based team-building activity can enhance the skills of the team members required for their respective jobs. A value-based team-building activity is a win-win situation for both the organization and the employees.
First and foremost is a positive attitude which is then complemented by competency & commitment. At FOSS, Attitude is everything as the company hires its employees for attitude and trains them with the right skill sets. This is followed by the employee’s willingness to learn and contribute to ideas. To sum it up, it takes a lot to be a good team player and FOSS is blessed to have all teammates with this trait.
Failures are virtually inseparable in most households, organizations, and cultures. A sophisticated understanding of failure’s causes and contexts will help to avoid the blame game and institute an effective strategy for learning from failures. At FOSS, the work culture is open to analyzing failure with a lens of conscious introspection. The team taps and corrects those points behind the failure with dignity. They also practice self-compassion and respect vulnerabilities but also acknowledge their strengths and create a plan to become better. This strategy ensures that the employees maintain healthy selfworth. Periodic counseling, a cohesive learning ideology, corporate brotherhood, multilateral collaborations, and helping each other evolve are the essential ethos practiced at FOSS.
FOSS is a family-owned and driven business. The workforce functions like a family and every individual is an integral part of this one big family. The environment at FOSS is that of Confidence, Commitment & Striving for Excellence every day. The culture and the values that FOSS stands by and the productivity and efficiency which people demonstrates here, make this one of the best places to work.
Mr. Aswani continues, “If you’re managing a remote team, you know how important it is to communicate frequently with your co-workers. That interaction should include meeting regularly with team members one-on-one so you can stay attuned to their career aspirations and expectations. With that in mind, we follow some initiatives like twice-ayear performance appraisals, career progression discussions, well-defined KPIs with clarity of role, promoting the training and development of employees, encouraging fervent mentorship, and creating succession planning programs.”
FOSS has established itself as a value-driven company in the industry. Forming the core of the company’s business model is the value of “People & Knowledge’’. This value solely exhibits what FOSS predominantly focuses on, its employees and imparting knowledge. For anyone to be successful here, it requires the person to be immensely dedicated to the profession in terms of both professional development and delivery of excellent results. The entire team adheres to this value and procures it with utmost zeal.
FOSS boasts a visionary management style where visionary leaders give direction to their colleagues and channelize their energies toward the right responsibilities. The top management develops a vision for their employees to follow with integrity and encourages them to create excellence. Once the leaders communicate the action plan to the respective employees, they guide their team to accomplish these tasks on their own with complete empowerment. The management team will often monitor and check in on employees to answer any questions or provide additional guidance if needed. “There’s an inter-departmental collaboration inculcated in every task performed here. It’s the need of every successful organization, extremely essential for strong growth and FOSS is no different. The skills that make difference in success are- Persistence to stay focused on the path and going for extra mile every single day even if it hurts, overcoming difficult moments, learning new skills, refurbishing the confidence across organization to pitch for ideas, and knowing how to execute transparent communication well.”
Mr. Bharat Aswani elucidated how FOSS has all its eyes on growth and opulence with a strong passion to become indomitable in the analytics industry.
“We are obsessed with growth and each activity/effort that we put in is with a focus to drive growth. Collectively as “ONE UNIT” we have been one of the fastest growing SSS (sales & service subsidiary) in the FOSS group and growing at a CAGR of 20.54% YOY in the last 6 years. We have increased our market share considerably in all the segments that we operate and we strive for similar double-digit growth in years to come, setting very high standards for ourselves.”
As FOSS is venturing into a new strategy period from year 2024, the entire team is buoyant to continue the good work going and implement a strong decisive presence in every execution. Here in India, FOSS has opened a new corporate office entity in Pune, invested in the new state of art lab and doing all sincere efforts to extend support to its valued customers, also carrying out many customer centric activities to diversify its growing presence.
“Digitalization, Food Safety, and Process Driven Solutions are our key focus areas ahead and we are expanding our footprints strategically to ensure maximum benefits for our valued customers”, says Mr. Bharat Aswani.
It is righteously said, “Your first impression becomes your last impression”. If you’re an aspiring entrepreneur then you must know some important etiquettes and manners to present yourself as a passionate and resilient personality while presenting before investors. You have to master the art of captivating the minds of your investors’ right from the moment you enter, to the moment you start pitching. If you succeed in grabbing their interest and leave an ever-lasting impression of professionalism; then half the game is won there. Keeping this as the source of motivation for today, Prime Insights Magazine presents before our readers 5 Important Tips to Boost Confidence While Presenting Before Investors.
Dressing up in formal attire will always be the good-old corporate lesson for each one of us. But you can elevate your formal attires with some essential additions. Always choose solid, simple, and monochromatic formal clothes. Don’t go overboard or too bright with colors as they can have a bilateral impression on the dignitaries. For some, it might be okay but for some, it may be too much to look at continuously during the conversations. Safe and smart play comes with colors like beige, black/white, and other pastel colors. Focus on accessorizing with elegant watches, sober footwear, and bracelets. Having a professional poise immediately bolsters your internal confidence and you feel powerful to conquer the deal.
Preparation beforehand is a must! Not only about your project but you must also know who your investors are. Do deep-rooted research about their entrepreneurial traits and preferences. Try putting yourself in their shoes and speak while considering those traits. While speaking, you can also quote examples from their journeys and tell them how it inspires you. This will surely give more weight to your presentation. Investors should feel that you are passionate enough to fight challenges as they did.
Honestly, who likes reading theoretical and lengthy presentations for long hours? None of us right? The time of your investors is very crucial and you only have a stipulated time frame to grab their attention. Keep your presentations short, crisp, and full of graphs and interactive dashboards. If you use real-time graphical representation, appealing visuals, and strong statistical numbers, it immediately creates an impression that you have futurism in your eyes, a creative vision, and an adaptive mindset to technology.
If you have a misconception that being a people pleaser is the best way to fit in this competitive world, then you’re living a lie. Confidence comes when you consciously know what your capabilities are. Ensure authenticity in words and stay true to your principles of life. If you don’t have much knowledge about some topic asked by the investors, then audaciously accept the same. Instead of speaking to cover up, try to remold the conversation by sharing your optimism toward learning new things.
The whole process of presenting gracefully takes a lot of persistence and patience. It is not an easy task to speak and present- no matter how well you prepare or plan. To stay focused, you need to have a serene state of mind. Mental discipline on the final day plays a decisive role in influencing your investor’s decision. So to conquer this discipline, seek the guidance of experienced mentors from your respective industry. Participate more in corporate events, and grab every opportunity of showcasing your thoughts. Start preparing at least a month or two before your final presentation as you will have ample time to amend things. Remember, when you believe in what you’re delivering, then your confidence will naturally shine through.