The CEO Magazine March 2016

RNI No. DELENG18953

Rs. 50

India

www.theceo.in

Vol. 1, Issue 9

March 2016

25 Fastest Growing

Enterprise Software Companies in India

Mobiloitte aims to be a US$ 100 Million Company by 2020 Opening more offices in India and Singapore

Jagdish Harsh CMD, Mobiloitte

Magazine for Business Leaders & Decision Makers

Vol: 1 Issue: 9 March 2016 Publisher: Shrikant Pandey Editor: Ram Avtar Morya Editorial Team: Kaushal Kumar, Aditya Gupta, Jyoti Sharma Editorial Associate: Ayanangsha Maitra Advertisement: Priya Mishra, Amit Singh, Rupesh Rupta, Mayana Khan, Sudeep Bhattacharya Online: Vijay Sen Design & Graphics: Sunil Kumar , Suman Thakkar Circulation & Subscription: Amardeep Singh HR Department: Sanjay Verma Office: Indiamanthan Magazine Dept: The CEO Magazine L-29, Bal Udyan Road, Uttam Nagar West, New Delhi - 110059 Ph.: 011-25338219 Mob.: +91-8585-95-4745 Email : shrikant@theceo.in Cover Price: Rs.50/Follow us on https://www.facebook.com/theceo.in/ @TheCEO_Magazine

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Printed published and owned by Shrikant Pandey and printed at Tanuj Process, A 21/27 Naraina Industrial Area, Phase-II, New Delhi:-110020 and published at L-29, Bal Udyan Road Uttam Nagar West, New Delhi - 110059 R.N.I No: DELENG18953 Executive Editor: Ram Avtar Maurya. ŠIndiamanthan, Reproduction in whole or a part, including images text or anything without written permission from the publisher is prohibited. All right reserved.

Editorial

I

n 2015 India recorded highest ever production of motor vehicles.

And now the NDA government is constructing roads at the pace of 100 kms per day. It seems the budget 2016-17 will fast-forward production and productivity of various other products, fuelling Rs 55,000 crore only for constructing road. Presenting the Budget on February 29, the Finance Minister has revealed allocation for different sectors. Fulfilling domestic demand, the Government intends to ensure macro-economic stability and prudent fiscal management. FM has announced Rs 50,000 tax exemption for first-time homebuyers, for house under Rs 50 lakh.

The budget has allocated `35,984 crore for Agriculture and Farmers' welfare. Pradhan Mantri Krishi Sinchai Yojana will be implemented and 28.5 lakh hectares area will be brought under irrigation. The allocation for rural sector is 87,765 crore.

The budget also indicates that 100% FDI to be allowed through FIPB route in marketing of food products produced and manufactured in India. There will be some reforms in FDI policy in the areas of Insurance and Pension, Asset Reconstruction Companies, Stock Exchanges. Looking at Make in India initiative, this budget also brings some changes Changes in customs and excise duty rates on certain inputs to reduce costs and improve competitiveness of domestic industry in sectors like Information technology hardware, capital goods, defence production, textiles, mineral fuels & mineral oils, chemicals & petrochemicals etc. For promoting digital literacy, National Digital Literacy Mission and Digital Saksharta Abhiyan are already approved. Nevertheless, the budget has encouraged startups to stand up.

This issue of The CEO Magazine is carrying an article on budget 2016-17 in detail. Since the theme of this issue is Enterprise Software, we have carried articles about Enterprise Software compnaies. A list of 25 fastest growing enterprise software companies is presented in the issue. We are thankful to all the Chief Executives of various organizations, who have shared views for this issue. As cover story, we have decided to feature Mobiloitte, which has become an authority in development of future-ready mobile, web and next-gen Digital solutions. The article Beyond Security Oversees India Operation to be the 'Firewall' of Enterprises finds the reason behind company's interest and impact on Indian enterprises. The article Places to Visit in the Scorching Summer will encourage you to escape this summer. Let us know, if you have a better idea.

Regards, Ayanangsha Maitra Editorial Associate The CEO Magazine New Delhi @Ayanangsha ayan@theceo.in

Contents

10

FEBLER Connects Your Favourite Channels ‘On the Go’

8-9

COVER STORY Mobiloitte aims to be a US$ 100 Million 10-14 Company by 2020 Beyond Security Oversees India operation 16-17 to be the ‘Firewall’ of Enterprises Spine Technologies Pertners with Clients 18-19 to Maximize their Performance, Productivity and improve efficiency SME sector needs to be uplifted for 20-21 development of India, thinks multifaceted ERP system eresource Enterprise Software Trends in this Year

Ravi Prakash

Beyond Security, India

22

Sudhir nair CEO

Cover Story

Jagdish Harsh CMD, Mobiloitte

25 Fastest Growing Enterprise Software Company in India 2016

24-25

StretegicERP provides flexible ERP solution, that achieves practical Strategic goals

28-29

FM Presents Budget 2016 - 2017 to Transform India

30-31

IOTAP : Cloud, Infrastructure, Security & Software

32 - 33

Acquisition News

34

Funding News

35

Places to Visit in the Scorching Summer Mr. Ashvin Gami, MD, ITAkash

Ebrahim Nalwala CEO

Fern Hotels & Resorts creates footmark in Kolkata

36-37 38

Febler

Connects

Your Favourite Channels 'On the Go'

T

here has been a strong demand in the marketplace for quality content that can be heard through an audio mode that is of specific interest to individuals. While commuting, the Febler founders always felt the need for a platform which kept them up to date but they could only find text based platforms. They also find that Radio channels are music driven. That's why an audio platform for listening to News, Information, and Entertainment, Febler Technologies was founded in Bangalore. It was incorporated in 2015 and considered a unicorn in audio platform. To ensure better quality and to capture the imaginations of the general public, it was tested with numerous listeners while launching this new platform this can also.

Febler is currently available in Web and Android versions. It caters not just to the urban agglomerations but also to the demographic with varying linguistic preferences. Febler is a user friendly app enables anybody and everybody, to not just listen, but also create shows in any language either by streaming live or by recording and uploading their shows. They have about 5000 listeners already and growing their base steadily, both in acquiring quality content, and also listeners across country. It is a platform for listening to trending stories across News, Comedy, Entertainment, Business, Cooking, Health and Wellness, and others through live and recorded audio shows while commuting, at gym or doing any other routine task. With 'On the go' mode, you can just swipe to switch shows.

Audio shows and podcasts have remained dormant in India. With Febler, exciting audio shows are brought into the mainstream by providing equal priority to regional content too, along with English and Hindi which currently

dominate the online entertainment sphere of India leaving others with little to no content at all.

Interesting Features of Febler §

News, Comedy, Entertainment, Business and Startups, Lifestyle, Health and Fitness, Indie music, Science and Technology, and much more on India's first audio infotainment platform. § Live audio streams of your favorite Radio and TV channels, providing loads of entertainment and news.

Currently have channels in English, Tamil, Hindi and Kannada. § Discover audio shows trending in each category through 'streams'. Streams is a collection of audio shows with similar hashtags. § Listen to shows offline. You select the shows that you want to listen offline or listen later. § Record and upload shows right from the App. Create and upload your own audio shows about things you love. Everybody is entitled to an opinion, Voice yours. § With 'On the go' mode, you can just swipe to switch shows. § Live stream events that you are organizing, right from your mobile and reach large number of listeners to be rolled out soon. Live streaming from the browser is currently available in close beta and was tested in several live events.

Febler currently has a content team that focuses on creating varied content that are professional, and also manages them.

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Vol. 1, Issue 9

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The founders: Vikram BN Vikram BN is the brain behind this technology platform.

He takes care of the product development, product roadmap, and technology aspects in Febler. As the head of technology, he brings his experience in building audio platforms from his previous startup Kollabia, an online music collaboration platform and comes with strong technical background.

Chaitanya Naik He is a growth hacker and marketing expert, with 5+ years experience in management consulting and brings his learning from Talent neuron, an analytics startup acquired by CEB. At Febler, he focuses on marketing and partnership initiatives, including acquiring content, managing the content development team, and using social media to enhance reach.

Shyam Sekar S He is an advisor and mentor on board with Febler; develops and executes strategies, business development and digital marketing at Febler. Driven by passion to build entrepreneurial ecosystem, Mr Shyam Sekar S founded Startup Xperts, who brings over 22 years of experience in working with many multinationals and Startups. He has spearheaded global marketing and sales initiatives building many successful enterprises.

"By 2018, millions people will find it difficult to connect with the content on digital platforms due to lack of content in local languages. Audio shows are easy to create in any language, as it eliminates the need to type. With every mobile phone equipped with microphones and almost no production steps involved, it certainly is the easiest tool (app) to use. Also audio is eyes free, it enables multitasking.

It can be listened, while working on any routine tasks or traveling. " said Febler.

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COVER STORY

Mobiloitte aims to be a US$ 100 Million Company by 2020 Opening more offices in India and Singapore

by AYANANGSHA MAITRA

F

ounded in 2004 as an IT

(Massachusetts) and currently employs over

Consulting & Staffing company

four hundred people.

with ten people, Mobiloitte

is today an authority in

Mobiloitte enables businesses overcome the

development of future-ready mobile and web

internal and external barriers both in micro

apps (including 2D & 3D gaming) and

as well as macro level environment by

delivery of next-gen Digital solutions

leveraging the power of digital offerings and

(Enterprise, Cloud, Digital Marketing) for

mobility solutions. Mobiloitte always strives

businesses of all sizes, from start-ups to

to bring newer products and services for

SMEs, large enterprises to Fortune 500

clients. In its history of over a decade

companies. To serve a global clientele by

Mobiloitte has extended best-in-class

providing reliable solutions and nurturing a

solutions to renowned names like Microsoft,

collaborative culture in a transparent

General Motors, Sandisk, Goodyear, All

manner, the company has established

India Radio, etc. among the 1000+ of its

offices in other continents already.

clients based in different countries across 4

An ISO9001:2008-certified company

continents. They are in the midst of

complying with CMM Level 3 norms

automating processes in order to enhance

Mobiloitte is headquartered in New Delhi

employee wellbeing and productivity .

and has development centers, client

Mobiloitte has revealed that it is bestowed

proximity centers and representative offices

with innovative technologies like Unity3D,

in India (New Delhi, Gurgaon, Noida,

Cocos2D-X, Corona, etc. and latest tools vital

Mumbai), New Zealand (Auckland) and USA

for developing 2D/3D Games.

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Mr. Jagdish Harsh CMD, Mobiloitte

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SERVICES AND SOLUTIONS DIGITAL n n n n n

Digital Transformation Digital Workplaces Digital Marketing Digital Money Reporting

MOBILE n n n n n n n

Scoping & Discovery Apps Design & Development QA & Testing Support & Maintenance Apps Marketing & Promotion Monetization Mobile Gaming (2D, 3D) Technology Platforms: iOS, Android, Titanium, PhoneGap, Cross Platform, Ionic & AngularJS

WEB

ENTERPRISE

n

n

n n n n n

Scoping & Discovery Website & Portal Design & Development MOBILE Apps Design & Development QA & Testing Online Marketing Support & Maintenance Technology Platforms - HTML5, PHP, MySQL, Java, .NET, RoR, Drupal, Joomla, Magento, Wordpress, CMS Migration

n n n n

Digitization Process Automation Module Integration Cloud & Security Support & Maintenance

Rupak Agarwal

Neeraj Mehta

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Key Official Mr. Jagdish Harsh CMD, Mobiloitte

actually came from European market leader Deloitte.

A though leader, speaker, independent think tank and visionary entrepreneur, Jagdish Harsh has multidisciplinary experience spanning over two decades in consulting and IT. He serves as an advisory board member for multiple institutions. He has a indepth understanding of information technology, digital platforms and mobility solutions and thus he founded Mobiloitte a decade back.

He delivers lecture on latest technology trends, future developments, data security, privacy concerns. etc. He travels extensively and makes network of industry leaders. Bill Gates, N. R. Narayana Murthy and Steve Jobs have inspired him.

What kind of strategy is Mobiloitte following for business growth, asked The CEO Magazine.

"Our strategy is simply to exceed rather than just meet our client's expectations. We follow a multipronged approach that includes online marketplaces, lead generation from digital marketing and in-house research on country specific business sectors. We offer flexibility of wide array of client engagement models such as fixed bid, on-shore and offshore delivery, " Mr. Harsh replied.

Under aegis of Jagdish Harsh, Mobiloitte is moving fast to make a larger and global client base. "We would like to be seen as the preferred technology consulting firm in mobile and web apps development, digital services and enterprise solutions" Mr. Harsh said.

Mr. Harsh also revealed that the idea of the name of the company

When questioned about the differentiating factors with regard to Mobilloitte, Mr. Harsh said, "The key differentiating factors are mutually complementing bouquet of services that include a combination of technology solutions with a data driven insight; continuous enhancements in an agile environment. We offer a 3600 solution that is from concept to design, development, testing, deployment, marketing and promotion.

Our approach is very much cost and time conscious. We have global presence and delivery capabilities."

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Milestones of Mobiloitte 2004 : Founded as a consulting and staffing company with 10 people.

2005 : Establish US Office 2009 : Team size crosses 100+ 2011 : ISO 9001-2008 Certification and Mobile Apps Development 2013 : Affiliation with NASSCOM, NSIC, MSME; major client acquisitions General Motors, SanDisk, Equinox 2014 : Affiliation with FICCI, Drupal Association; Added Enterprise Mobility and Cloud Computing to service portfolio 2015 : Integration of Digital services; NeGD empanelment; Team size 300+; 5 Office and Delivery Centers 2016 : 7 new representative offices; Team size to double by year end Mission 2020 : Become a US $ 100 million company.

By 2020 this organization aspires to be a US $ 100 million company.

Mobiloitte's roadmap towards realization of its targeted growth by 2020 is with a sales approach of market segmentation and targeting, focused business lead generation and achieving customer delight. The HR mandate of the company is to acquire and retain the best talents, leadership development and delegation & decentralization of authority, while on the marketing front, the company is focused on brand building both across online and offline platforms. The company is in the process of streamlining operation processes with an aim to reduce operational cost and optimize efficiency, and focus on R&D with targeted RoI. There are some of the domestic as well as global brands which are considered as competitor of Mobiloitte, even though the company

is well poised for growth in the area of their service offering. Synapse, To The New, Iflexion, Comentum, Cygnis Media and Pulse Solutions are few names that are competing with Mobiloitte.

Mobiloite's clients from across the globe have endorsed their highly

India

talented and skilled resources; excellence in service delivery; innovative technology solutions apart from deep rooted understanding of client's business needs.

At Mobiloitte, the employees focus on continuous innovation in technology solution and offerings.

Solution and design architects at Mobiloitte are well versed with the current market trends, both in business and technology. The company has a highly experienced and talented team of game developers who has shown tremendous enthusiasm in unraveling Mobiloitte's ambition. Aimed at strengthening its solutions portfolio with services in the areas of 'IoT' (Internet of Things) and SMAC (Social, Mobile, Analytics, Cloud), the company in a recent initiative has recruited 150 developers (from different states of India) and is currently in the process of adding another 500 developers by year end.

www.theceo.in

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Beyond Security Oversees India Operation to be the 'Firewall' of Enterprises By

AYAN ANGSHA MAITRA

W

ith an unflinching commitment to solve security weaknesses in networks, networked software, applications and industrial systems, providing innovative, effective and efficient security solutions, Beyond Security has emerged as a noticeable name among the Information Security companies in the world. Beyond Security offers Vulnerability Assessment and Management solutions for enterprises and Govt. organizations. But the company has achieved huge reputation mainly for its information security portal SecuriTeam and its research and discovery of various security holes in products, applications as well as research in the fields of botnets. This privately held organization is basically a developer of IT security products that specializes in vulnerability assessment (VA) and vulnerability management (VM) products, which supports businesses take on the challenges that come across their way whilst dealing with global clients. Beyond Security's beSTORM is a software tool which works both on Linux and Windows environment and helps in security assurance and supply chain sanitization. It performs comprehensive tests, exposes security vulnerabilities such as buffer over flow, memory leak, memory exception, one off error etc. The company has a R&D center in Netanya, Israel and headquarter in Cupertino, California, US. Distributors and resellers are located in North and South America, Europe, Asia, Africa, the Middle East and Australia. Among their customers are financial institutions, retail, hi-tech, ISPs, information security firms, cellular, telecom and e-commerce companies. Serving prominent names like US defence, Bank of America and Royal Bank of Scotland, Beyond Security now eyes Indian enterprises to secure their businesses.

Having a well coordinated team of thirty employees, the organizations offers Appliance based Vulnerability Assessment and Management Tools (AVDS - Automated Vulnerability Detection System) with centralized

Management and reporting engine. The VA/VM system is also available as a non central managed which can be used for smaller company units and/or Consultants that want to serve customers on different places without offering managed services. Shortly after introducing AVDS, Beyond Security released WSSA Web Site Security A u d i t .

Beyond can now scan any web site or internetfacing IP address using the s a m e comprehe nsive set of t e s t s developed for their Fortune 5 0 0 customers.

Done on a daily, weekly or monthly basis, any site can now have the best t e s t i n g Ravi Prakash Regional Director, Beyond Security, India available anywhere, India

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without installing any hardware or software.

Key Official

jury/panelist in Business Schools initiatives including NITIE, Mumbai etc. Ravi has presented in various forums including Computer Society of India, CIO & CISO events on Cyber Security.

Beyond Security was formed in 1999, when Aviram Jenik and Noam Rathaus launched SecuriTeam web portal, which is considered today to be one of the leading security web sites on the Internet. Having over one million page views a month and updates thousands of registered users on its security alert email list, SecuriTeam.com web portal is a vital part of the company's activities and an essential competitive advantage.

Ravi Prakash Regional Director, Beyond Security, India

Beyond Security has established a worldwide reputation as a leading force in the field of security vulnerability testing. Beyond Security's solutions are now essential components in the risk management program of many organizations. The company was a part of investigating team of cyberattacks on Estonia.

He possesses over 20 years of experience in the IT and Telecom Industry. Ravi has shared his perspectives in various industry magazines/forums including on Information Security challenges and solutions for Small, Medium and Large, Enterprises. He has equally involved with the academia as

Ravi Prakash is the Regional Director for Beyond Security, India operations. He is managing Information Security business functions for over 6 years in India. He was a panelist on PMO's Digital India Initiative on Cyber Security in Andhra Pradesh in 2015.

India

Ravi holds an engineering degree from BMS College of Engineering, Bangalore University. Ravi did his Advanced Management Program (AMP) from IIMB along with an international immersion program with ESADE, Barcelona, Spain. He is a post-graduate diploma holder in business strategy (PGDIBS) from IIFT, Delhi.

Under the aegis of Ravi, Beyond Security India's goal is to decrease the number of security holes in products to manageable levels and empower software vendors to release secure products.

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Spine Technologies Partners with Clients to Maximize their Performance, Productivity and Improve Efficiency The CEO Magazine

New Delhi

T

o automate entire HR functions and relieve HR department from the burden of manual activities, two passionate entrepreneurs Nilesh Shah and Shailesh Khatri founded Spine Technologies Pvt Ltd in 2001.

Since then Spine specializes in in domain of Human resource & assets management. Headquartered in Mumbai, Spine also has spread its footprints in other major cities of India like Ahemdabad, Pune and Chennai. The company ensures that their services can save enormous amount of time, cost and resources of the client.

Spine Technologies has been working relentlessly in the area o f designing, developing and implementing cutting edge technology solutions for enterprises across all industry verticals. This leading software development company has more than 14 years rich experience in the domain of Human Resource, Payroll and Fixed Asset Management solutions. In this age of cut-throat competition, to deploy innovative solutions, Spine Technology has recruited employees from the best-ofbreed in the IT industry. Because of its wide spectrum acceptance and leading innovation to identify & meet the demand of the industry, Spine has become the leader of this industry.

Software solutions offered by this company are widely in use by more than 25+ industry verticals. Because of its progressive R & D for features and version upgradation, thousands of clients rely on the company. Its round the clock services which are offered by highly qualified team to address challenges also attract customers heavily. While competitive services and solutions of SAP, People Soft, are present in the market, Spine offers a wide range of quality products and services, at a very competitive prices, which offers tremendous scope to its resellers and dealers.

a

" We partner with our clients to maximize their performance, productivity and improve efficiency.

We emphasis on high integrity and stringent quality implementation with consistent track record of having more than 2000+ satisfied customer base using various of our software & services across INDIA and neighbouring countries." said Spine Technologies.

Spine's delivery model, helps clients add value while using resources more effectively. Revenue of the enterprise is driven majorly

by Software Sales and Annual Maintanance Contract (AMC).

Recognizing the need to add value for customers, Spine Technologies offers

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a spokesperso from Spine has expressed The CEO Magazine.

Spine's Ahmedabad office which came into existence in 2012, currently has 150+ customer base since then. In 2014 it started operation in chennai , which has 80+ customer base since then. Spine has served over two thousand clients and they have been optimally satisfied with the quality of services and results they have got.

Various deployment solutions of Spine ranging form on-premise, hosting and on-cloud gives freedom to pick options which best fits their requirement. Some of the leading business brand or clients they have served are:

Sharekhan Ltd, Hinduja Hospital, GIC Housing Finance Ltd, Mumbai Rail Vikas Corporation Ltd(MRVC), Sports Authority of India combination of onsite/offshore delivery models for compact delivery schedules and optimum costefficiency. The organization has a wide range of solution, those fall under three main broader categories.

Spine HR Suite: This is a Web based platform to automate routine HR functions and core startegic HR affairs from Hire to Retire.

It keeps complete records of the Compliances and takes care of everything relating to management, workflow and accounting employees.

Spine Payroll System : It enables Comprehensive HRIS management, Salary processing and statutory management application to improve accuracy and efficiency. Spine Payroll is salary processing software with good and wide-industry range of client base in Mumbai , INDIA. It offers very high flexibility in defining various allowances, deductions, leave rules etc. for the employees and all formula for P.F, PF TRUST., F.P.F.,

E.S.I.C., Profession Tax, Income Tax etc. are definable and changeable at User's end.

Spine Asset Manager: It is Technology solution to manage Asset acquisition to Asset Disposal with depreciation calculation. Spine Assets has a very flexible report writer built into it. Besides all the statutory reports , the user can design his own customized reports by selecting many of the fields within the reports.It also automates the whole process without any human intervention saving enormous amount of time. to calculate such depreciation differences.

“ Spine will continue to invest

its resources to deliver the growing market demand and opportunities revolving around the orbit of human resources and asset management, �

India

Madison Communications Pvt Ltd, Inox Leisure Ltd, Ahemdabad University, Mafatlal Industries Ltd Aditya Birla Nuvo Ltdm, Modern Roadmakers Pvt Ltd (IRB), USV Ltd, Inventia Healthcare Pvt Ltd, Schott Kaisha Pvt Ltd, Kamaths Ourtimes Icecreams Pvt Ltd. (Natural Ice creams), KFCH Restaurant Private Limited (KFC), The National Sports Club of India, Metro Shoes Ltd, J. M. Baxi & Co,D P World,Cello (Wimplast Ltd), Camlin Ltd,Bharat Diamond Bourse, Anchor Electricals Pvt Ltd.

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SME sector needs to be uplifted for development of India, thinks multifaceted ERP system eresource Editorial Team

I

The CEO Magazine

n the earlier days, SMEs were denied due to high cost in implementing a suitable ERP solution. In 2006 with little cash capital in one hand and lot of talent capital in other hand, eresource's founder Mr. Sudheer Nair has laid foundation for an accounting software development firm. Looking at the market trend and under standing the need of the hour, that firm has transformed itself into Enterprise Solution development company. As the CEO, Mr. Nair is still at the helm of affairs of eresource Infotech, which has a service portfolio that ranges from the traditional to the transformational across service areas of Pharmaceutical, Chemical, Fleet

Management, Construction and Infrastructure, Oil and Gas, Trading, Preventive Maintenance, Human Resource and Accounting and Finance. Backed by a strong trackrecord of innovation, talented and professional research and development team , eresource's comprehensive range of software services and solutions enable eresource ERP system to stand in the frontline with a tag that labels eresource as the NextGen ERP system. Its exclusive ERP system for each and every industry indicates how eresource is caring about industry-specific need of each segments. Some of the recently introduced exclusive ERP solutions are eresource Xcel for

India

Sudhir nair CEO Manufacturing, eresource nfra for Construction and other project-based industry, eresource LifeScience for Pharmaceutical Industry, eresource PMS for Preventive Maintenance,

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eresource eTrade for trading industry and eresource 3GL for Logistic Industry. eresource has also developed extensive ERP system for Human Resource Management (HRMS) and Finance and Accounting (ACT). Unlike many other big brand ERP system, eresource implementation is quick, simple and fool-proof.

Headquatered in Thane, eresource has been serving more than 300 customers spread across the country and some of the Middle Eastern region. Most of the clients are from SME segment. The company's R&D team, which is vigilant on every new technical advancement in the Information Technology front help them to keep eresource ERP system compatible with every latest trends in the market. An affordable ERP system with quick implementation process and flawless services are some of the factors that make eresource the first choice among the Small and Medium sized businesses in India and abroad. Learning from its experience eresource believes that

the SME sector in India needs to be uplifted for development of the country.

" An ERP system normally has stipulated working pattern because the system has been developed in that way. It is the customization that makes each ERP system compatible with its industry-specific. That's the normal procedure adhered by all the big brand and other ERP systems available in the market today. eresource has approached this situation in a different way and the result was the development of exclusive ERP systems for various industrial verticals. In one hand it has made the implementation job and quick and easy and in other hand it has benefited our customers technically and economically in a big way, " said eresource Infotech.

India

In a conversation with The CEO Magazine, a spokesperson from eresource said " As far as eresource is concerned no categorization of our customers on the basis of their volume of business. There may be some huge organization and relatively little small organizations in our list of clients. But that doesn't affect our service towards them.

Satisfaction of our customers are our prime motto."

The Company has been awarared for its industry-leading solutions, exceptional service capabilities.

According to eresource Infotech, this is the only ERP organization in India, which has been awarded the Udyog Rattan Award along with Business Excellence Award for the year 2008. eresource is also a receipient of Business Leadership Award, conferred by Institute of Industrial Development, New Delhi.

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Enterprise Software Trends in this Year

E

nterprise software is often seen as enterprise system.

This central system ensures that information is shared across all functional areas and levels of management within an organization. Enterprise software provides business-oriented tools. The main goal behind enterprise software is to improve enterprise productivity and efficiency through business logic support functionality. Ultimately Enterprise software aims to improve the enterprise's productivity and efficiency by providing business logic support functionality. Below are the Enterprise Software Trends, which will be emerging in the year.

Fast data will get importantance Fast data is considered as the second iteration of big data, which will create a lot of value. New technologies like Storm and Spark Streaming will be fully embraced by the market in 2016, and we'll see the emergence of a new class of real-time applications in ecommerce and financial technology services powered by super-speedy data analytics.

Cloud deployments will get bigger Cloud adoption will be growing as cloud becomes the de facto standard for postmodern ERP and early cloud adopters will continue to grow their cloud deployments. In spite of that, as

cloud solutions mature and deliver results, we'll be very large enterprises that never previously considered cloud as an option embrace this new paradigm. Early adopters of cloud are already enjoying greater agility and better visibility into their business, and quite possibly improvements in revenue and cost containment relative to their peers who haven't made the leap to the cloud. Cloud deployments will grow in number, in size and scale.

West will be looking East for Business The western countries will be looking at the Eastern and South Eastern countries. Especially India's market is booming rapidly. With millions of internet users, India's mobile and Web-scale ecosystem will become a large marketplace for American enterprise software companies.

Ecomerce portal like Snapdeal, Flipkart, Paytm, and various apps represent significant sales opportunity for startups. India will be a significant driver for overall industry cloud and analytics spending.

Developers tap into machine learning Some commercial software and websites have had machine learning features for years (for anticipating user actions, recommending related

products etc). Today the difference is that machine learning is broken out as a separate capability any developer can exploit, and we now have tons of data and cloud computing capacity to throw at it, including fancy new servers equipped with GPU accelerators to run machine learning algorithms. Ubiquitous machine learning capability enables developers to build applications that recognize patterns in gobs of data.

Open-source software will be leading Open source will become standard for infrastructure software in this year.

Early open-source market leaders that have gone mainstream will split into two camps: those that have clear monetization model (like Cloudera, MongoDB, Elastic, Datastax, Mirantis) and those that have millions of downloads but no revenue to show for it.

Rise of Value-as-a-Service Virtually all enterprise software is either cloud-based or it has the option to be hosted in the cloud and delivered as a service. In this year the focus will shift away from the delivery model to what is actually being delivered. The cloud economy is redefining customer success, and power is shifting from vendor to customer. Customers may demand quantifiable business value from service providers. ( Courtesy: Procurementleaders, InfoWorld, Fortune)

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Vol. 1, Issue 9

March 2016

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Fastest Growing

25 ENTERPRISE SOFTWARE

Companies in India

Company

Person

Designation

Apptivo

Vishal Kaushal

Chief Revenue Officer

Beyond Security

Ravi Prakash

Regional Director

Contify

Saurabh Gupta

Vice President

DeepBiz Technologies

Muthu Swamy

Founder & CEO

Eresource Infotech Pvt. Ltd

Sudhirkumar S Nair

CEO

Fractalio Data

Guna Sekaran

CEO

Greytrix

Kumar Siddhartha

CEO

HRStop

Tushar Agarwal

Founder and CEO

ITAakash Strategic Software (P) Ltd

Ashwin Gami

Managing Director

IOTAP

Ebrahim Nalwala

Managing Director

India

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Vol. 1, Issue 9

March 2016

24

Company

Person

Designation

JusPay

Vimal Kumar

Founder

KartRocket

Saahil Goel

CEO & Co-founder

LeadSquared

Nilesh Patel

CEO

Mobiloitte

Jagdish Harsh

CEO

NDOT Technologies

Nandakumar

CEO

OpusViz

Dipasri Paul

Co-Founder

Progneur Technologies

Arun Satija

Director

Qubole

Ashish Thusoo

Co-Founder & Chief Executive Officer

RankWatch

Sahil Kakkar

CEO

Spine Technologies

Nilesh Shah ,Shailesh Khatri

Founder

Trident

Anita Jain

Founder

Unbxd

Pavan Sondur

CEO & Co-Founder

Vidooly

Subrat Kar

CEO & Co-Founder

WebEngage

Avlesh Singh

CEO & Co-Founder

Zitima

Pradeep Chaudhary

Co-Founder *All the company names are arranged in the alphabetical order, this is not ranking

India

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25

Next Issue Magazine for Business Leaders & Decision Makers

April - 2016

Presenting StartUp Special, wherein we will be listing

25

Most Promising

Fastest Growing

StartUp Companies in India 2016 To nominate your company please send us an email to shrikant@theceo.in or call us on +91-8585-95-4745, +91-9241-53-1205, 011-25338219.

You can also nominate through our website: www.theceo.in/nominate Office Address: L-29, Bal Udyan Road, Uttam Nagar West, New Delhi - 110059

StrategicERP provides flexible ERP solution, that achieves practical Strategic goals has engaged Gartner Research Analysts for World class product development Our Correspondent

I

IT Bombay graduate Mr. Ashwin Gami was determined to build a company, where someone can feel like an open source project. Keeping this ideology in mind, he and Praful Gami were consistently doing research and development in the IIT lab. They aspired to establish such a company, which will be based on people, would attract talent, would nurture collaboration, neutrality, independence and universal principals directly inherited from the open source software communities. In 2005 StrategicERP was born out of these principles that shapes its structure and internal processes. Within just 4 years a team of ten like-minded people had developed a propriety framework J2Fx in JAVA platform which has the automation feature, came up with a product name StrategicERP. In 2014 setting up a 5000 Sq Ft Office in the heart of Mumbai, widened its services, offered 29 modules for Real Estate ERP, StrategicERP successfully achieved 80 Installations.

StrategicERP provides flexible ERP solution which is a catalyst that drives practical Strategic goals.

StrategicERP's solutions help to redefine business management and operational excellence, through innovation and refined business processes, while providing competitive differentiation. StrategicERP is one such provider of Real Estate ERP that caters to different functions of realty business with integrated Property Management and CRM modules. Its ERP implementation and ERP integration methodologies speed time-to-value delivery for a number of reasons, including their incorporation of the right analytics for real-time decisionmaking StrategicERP implementation solutions also seamlessly integrate applications across disparate platforms and technologies, to increase the value of IT investments, and enhance productivity and profitability.

This organization is going to introduce scalable cloud option for separate databases in one application.

StrategicERP has also decided to give scalable cloud option for separate databases in one application in its SaaS models.

Assuming the competition in the market, StrategcERP strives to make it easily accessible and empower business companies to stand out from the crowd. This has led to the passionate zeal to expand its business to various locations in and out of the country. StrategicERP has head office in Mumbai with domestic branch offices spanning the length

Mr. Ashvin Gami, MD, ITAkash and breadth of the country. Now this firm has offices in Ahmedabad, Bangalore, Pune, and Delhi. The company has also created their footmark in Doha, Qatar. With a mission and vision to empowering business, StrategicERP has strengthened its workforce, which comprises of twenty engineers - dedicated for the technical enhancement of the product and eight Chartered accountants for finance functionalities. It has a project management cell with PMP certified people and 30 engineers for implementation and support. The company serves hundreds of companies Dosti, Rajesh Lifespaces, Shree naman group, TVH, GD, Kundan Spaces, Ostwal,Yashada Reality Group, Marvel Developers, Transcon Developers, D Thakkar Construction, Dedhia Group are few of their esteemed clients.

Marquee products of Strategic ERP 1.RealEstateCRM The RealEstateCRM module helps you know your customer better and includes many features such as activities, history, related contacts, addresses of your India

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customers and their relations with your competitors. The flexible database structures enables you whatever information you would like to keep on your customer and maintains such information for your future reference.

The RealEstateCRM module also facilitates control and organization of entire sales process, from offer to invoice. It empowers your sales staff by providing details such as inventory status, estimated costs and delivery time, risk status, habits and special demands, and previous trades during offer stage.

The RealEstateCRM module offers an effective customer complaint management tool which also includes repairs processing and document management.

2. RealEstateBasic

activities, maintain the materials used in specific activities etc)

n Manage company's statutory liabilities( PF, TDS, PT, Service Tax, VAT etc)

n Maintain records of channel partner/campaigns etc. n Track materials received/issued and balance on site. n Generate PR, Comparison, PO, Direct PO& Purchase Invoice.

n Maintain HR details - Employee records, Salary generation.

n Automation process of PF, PT, TDS, ESIC deductions etc.

Focusing on customer's best interest StrategicERP has launched a brand new software i.e REAL ESTATE BASIC V.15.2 for SME Real Estate. REAL ESTATE BASIC is a web based and mobile based start to end ERP solution that satisfies all the requirements of SME's real estate and construction industry. It provides quick ROI to SME real estate. The 6 Modules Covered are ERP Admin, Finance, Administration, Pre- Sales (CRM), Sales, To Do Task Management and a Mobile App feature.

4.RealEstateMedium RealEstateMedium has 13 major modules.

Exclusive Features of Real Estate Medium

n Automation process of revenue booking.

The Maverick behind the Success Mr. Ashvin Gami, MD, ITAkash Mr. Ashvin Gami holds the bachelor's degree in Electronics and Communication from IIT Bombay, India. Mr. Ashvin brings to ITAakash Strategic Software more than 10 years of demonstrated

n Maintaining all the engineering detail like(creation of

n Get audit related output ( Service Tax recoverable, Advance expenses etc ) 4.RealEstateLarge A superstructure software covering major 20 modules that's takes care of clients all round real estate software requirement is the RealEstateLarge . Its module integrated with real time mobile app featured and with service and support on a daily basis that gives you the ultimate guarantee of your Complex Real Estate Business's software is in safe hands.

Infra Basic, Infra Medium, Infra Large, HRMS, Project Management, Inventory Management are some other products of ITAkash.

success in ERP implementations of small-to-large scale systems and leading high-performing teams.

He has the passion for R & D and has over the years developed many innovative products and IT solutions leading to higher levels of Productivity to Customers. He is actively engaged in ensuring a high

India

quality of governance, customer satisfaction and 100% project delivery. To build World class product development, his company is engaging Gartner Research Analysts, StrategicERP expressed The CEO Magazine. StrategicERP is also planning to raise 10 Cr Investment for B2B E-Commerce.

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FM Presents Budget 2016 - 2017 to Transform India

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he CEO Magazine, New Delhi: The Union Budget 2016 - 2017 has been presented on February 29, which addresses various economic aspects of the country and reveals developments of business sector and the startup ecosystem. From June 1, all kind of taxable services would attract an extra service tax of 0.5% .

The tax on dividend would impact the earnings of several promoters and large shareholders of Indian companies. Citizens, who earn more than one crore rupees will have to count higher surcharge on their income tax. They can no longer escape tax while buying back shares of closely held entities to withdraw cash from family firms. Imported smart phones, tablets and e-reading devices would be more costly. As the government

presented a sharp increase in the excise duty levied on aviation turbine fuel (ATF), airfares are likely to go up.

During his presentation FM Arun Jaitley raised the question, "If Shopping Malls are kept open all seven days of the week, why not the small and medium shops? These shops should be given the choice to remain open on all seven days of the week on voluntary basis. The interest of the workers in terms of mandatory weekly holiday, number of working hours per day, etc., of course, have to be protected. We propose to circulate a Model Shops and Establishments Bill which can be adopted by the State Governments on voluntary basis."

Feeling distressful condition of agriculture in the country, Rs 1,51,581 crore has been allocated for social India

sector where as 87,765 crore for Rural sector. Total investment in the road sector, including PMGSY allocation, would be 97,000 crore . There is good news for startups. According to FM Arun Jaitley, "The government proposes to allocate Rs 500 crore for its Stand-Up India scheme, which was announced in January, to stimulate innovation and startup activity by women and Scheduled Caste and Scheduled Tribe entrepreneurs.

This must become the year of entrepreneurship for SC/ST and this will benefit 2.5 lakh entrepreneurs."

While presenting the budget FM said, " We are celebrating the 125th Birth Anniversary of Dr. B.R. Ambedkar. This must become the Year of Economic Empowerment for SC/ST entrepreneurs. We have

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extensively interacted with the Dalit India Chamber of Commerce and Industry on building an entrepreneurship ecosystem. It is proposed to constitute a National Scheduled Caste and Scheduled Tribe Hub in the MSME Ministry in partnership with industry associations. This Hub will provide professional support to Scheduled Caste and Scheduled Tribe entrepreneurs to fulfil the obligations under the Central Government procurement policy 2012, adopt global best practices and l e ve r a g e t h e S t a n d U p In d i a initiative."

In last year also, when speaking about the budget 2015 the NDA government proposed to create a refinance agency to provide muchneeded credit facilities to micro, small and medium enterprises, with a focus on businesses promoted by SC and ST entrepreneurs.

There will be some reforms in FDI policy in the areas of Insurance and Pension, Asset Reconstruction Companies, Stock Exchanges. 100% FDI to be allowed through FIPB route in marketing of food products produced and manufactured in India.

Looking at Make in India initiative, this budget also brings some changes Changes in customs and excise duty rates on certain inputs to reduce costs and improve competitiveness of domestic industry in sectors like Information technology hardware, capital goods, defence production, textiles, mineral fuels & mineral oils, chemicals & petrochemicals etc.

Prime Minister Modi has opined, "Several steps have been taken for the farmers. The most important is the Pradhan Mantri Krishi Yojona.

Nothing that electricity and roads are crucial for villages, he said by 2019, all villages of the country will be connected by roads, while all of them will be electrified by 2018. Pro-village, pro poor and pro farmer budget would

make a qualitative change to the lives of those in rural India. "

unemployed persons and also bring into books informal employees," the FM said.

According to this budget, allocation for Agriculture and Farmers' welfare is Rs 35,984 crore.

Following this budget, the government will be focusing on Pradhan Mantri Fasal Bima Yojana, New health insurance scheme to protect against hospitalisation expenditure and facility of cooking gas connection for BPL families. Firsttime homebuyers will avail tax exemption of fifty thousand rupees for house under Rs 50 lakh.

Scope of employment generation incentives available under Section 80JJAA of the IT Act are proposed to broaden and liberalised. While speking about digital literacy, Finance Minister Arun Jaitley said, "We now plan to launch the digital literacy mission scheme for rural India to cover around 6 crore additional households in the next three years, details of the scheme will be spelt out separately."

To create more jobs, the government has decided to pay 8.33% of wages to employees' pension scheme (EPS) on behalf of employers for all new workers with salary of up to Rs 15,000 and enrolled in EPFO for first three years of employment. "This will incentivise employers to recruit India

To promote digital literacy the government has already approved two schemes- national digital literacy mission and digital saksharta abhiyan.

"There has been a lot of policies over the poor, it is now time to make concentrated efforts to uplift them," Prime Minister Modi said.

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March 2016

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IOTAP : Cloud, Infrastructure, Security & Software

I

think Usain Bolt's competitor is not the second fastest man in the world but any human who can run. Similarly for us any company that is passionate about technology, innovative, loves their customers, is in business for the long run and global is competition" says tech entrepreneur Ebrahim Nalwala, who founded IOTAP at the age of 27 in Mumbai.

His company IOTAP has strong domain experience in IT consulting, procurement and software development to serve the global market. Since its launch in 2005, IOTAP has quickly cemented its position as a industry leader. Being a launch partner of Office 365 and SaS in Oman, this self-funded firm has also established itself in a admiring position in the IT industry of India.

IOTAP enables businesses to effectively connect, communicate and collaborate with their internal and external customers and peer-group.

The company has a wide range of solutions including Digitization, Content Management, Customer Relationship Management, Infrastructure and Cloud Services, Software Development (Microsoft), Business Intelligence & Insights, Collaboration and Document Management Solutions.

The firm brings together company's best talent and works with its clients as a unified team. IOTAP has served more than 500 hundred customers ranging from Micro SME's to Enterprises across the globe. The client-list includes one of the largest tire manufactures in India, the largest

sovereign fund in Oman, third largest toy manufacturer in Europe etc.

Milestones of the company

§ § § § § § § § § § §

Onyx CRM Offshore Development Dynamics CRM and SharePoint Development US Business Development and Sales Office Development Center in Chennai UK Business Development and Sales Office US Delivery and Local Projects Oman Business Set up Set Up a Cloud Practice (>46,000 Users on Cloud) Building our own CRM Products and Add-ons Launch Partner for Office 365 in Oman Launched Online Store for enterprise products

IOTAP's offices are based out of Mumbai, Bangalore, Chennai, Washington DC, Milton Keynes and Muscat with plans to expand its presence in India in the short term. Moving one step ahead of the curve, now IOTAP aims to strengthen its capabilities in Cloud & Security, Business Intelligence & Insights, Mobility, Digitization and Smart Businesses by investing heavily in Intellectual Property and Solutions.

India

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IOTAP has been recognized by for its capabilities and thought leadership and is a member of the Microsoft Partner Advisory Council and Microsoft SMB Champion (US). This organization is also a Microsoft Authorized Education Reseller in India and Oman. For demonstrating excellence and innovation in the implementation of Microsoft's cloud technology solutions, IOTAP was chosen as Microsoft Cloud Partner of the Year (India), Microsoft Country Partner of the Year (Oman). In 2014 IOTAP joined an exclusive group of managed partners who excel in the Microsoft Cloud platform.

The Men behind the success of the IOTAP Tech entrepreneur Ebrahim Nalwala and Ismail Nalwala are co-CEOS of the Group. They both have set-up multiple businesses in their career. Ebrahim started IOTAP at the age of 27 in Mumbai with his college friend during the tech doom in the Silicon Valley.

Ebrahim Nalwala has an undergrad degree from Arizona State University in Computer Systems Engineering. He has done an Executive MBA from the Harvard Business School in 2015. Ebrahim is a tech enthusiast, learner and avid reader.

Speaking to The CEO Magazine, a spokesperson from IOTAP said, "At IOTAP, we embrace change and love technology. We don't push boxes or products and we are not driven by short term gains. We always strive to do right by our customers (and not our suppliers). A long term relationship and trust is what we want to earn. Our goal is to help businesses realize the full potential and benefit of today's technology. At IOTAP we don't have a chalta hai (easy come easy go) attitude. Our success is defined by our client's success. Our interest is not in how big you are, but who you want to be. This is a clichĂŠ but we think global and act local."

India

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March 2016

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Acquisition News

Cipla acquires InvaGen and Exelan

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n February 18 pharma giant Cipla announced that its UK arm, Cipla (EU) Limited has closed the transaction to acquire two US -based companies, InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc. The acquisition was made by Cipla (EU) Limited through a wholly owned special purpose vehicle which would merge into InvaGen Pharmaceuticals Inc. after the acquisition. The combined revenue for the two companies for the year ended 2015 is over USD230 million. The acquisition comes as a major positive for Cipla to scale its business in US as the combined revenue for both these companies stood at USD 230 million in 2015.

In an interview with Archana Shukla of CNBC-TV18, Umang Vohra,COO of Cipla said " We are very happy that we have finally closed the deal. I think it has been going on for a while but tremendously happy to see it close just yesterday night and today morning. The business as it stands today is EPS accretive by itself. So, it has got a topline of a about USD 230 million, we sell about 30 odd

products. Most of these products are in categories where we don't expect too much competition and therefore we don't see too much of risk in this baseline going forward. So, as it stands today, this business of USD 230 million is already EPS accretive."

"The pipeline for the future has another 30 odd products, almost five of which are we believe first to file opportunities and will be great accretion to the overall business.

Therefore I think that the EPS accretive nature is that it is already reached a critical size in the US where it is making a fairly decent EBITDA and on top of that it has a pipeline which can come in and substitute to make sure that the product pipeline keeps growing." he added. The COO also said that Cipla's current growth guidance did not include this merger and it will be a part of it in the next fiscal.

This acquisition is the second landmark acquisition in Cipla's 80 year history - the first was Cipla Medpro, South Africa. This acquisition will give scale to Cipla's US business -currently 8% of total revenue as well as providing a launch

pad to introduce Cipla's pipeline of products in respiratory and injectables , among others, in the coming years. Combined with the pipeline of InvaGen products, the overall portfolio will be wide-ranging and will cover chronic therapies like CVS, CNS, respiratory, oncology and diabetesamong others. The acquisition of InvaGen pharmaceuticals also provides Cipla with about 40 approved ANDAs, 32 marketed products, and 30 pipeline products which are expected to be approved over the next 4 years. In addition, InvaGen has filed 5 first-tofile products. Dosage forms include immediate release, modified release and extended release tablets and capsules. With a manufacturing footprint of ~350,000 sq.ft of GMP area, InvaGen has 3 units located in Long Island, NY, with a total production capacity of 12 billion tablets and capsules per annum and about 500 employees. With this acquisition, Cipla will have more relevance to wholesale and retail customers.

UltraTech acquires cement units of Jaiprakash Associates for 16500 crore

U

ltraTech Cement Limited on February 28 2016 signed a Memorandum of Understanding (MoU) with Jaiprakash Associates Limited for the acquisition of its identified cement plants for an enterprise value of 16500 crore rupees. The cement plants of Jaiprakash Associates to be acquired have a cement capacity of 22.4 mtpa.

Those plants are situated in different areas of Madhya Pradesh, Uttar

Pradesh, Himachal Pradesh, Uttarakhand, Anadhra Pradesh and Karnataka.

As per the deal, UltraTech will pay an additional 470 crore rupees for completion of the grinding unit for 4 mtpa capacity under implementation.

The acquisition, which is subject to definitive agreements and regulatory approvals as may be required, will augment UltraTech's cement capacity to 90.7 mtpa from the current 68.3 mtpa.

India

UltraTech Cement's proposed acquisition of Jaiprakash Associates' cement plants is expected to be completed

by June 2017, a top official from the Aditya Birla Group's flagship firm has said. Atul Daga, UltraTech Cement's Chief Financial Officer, told "We have to ink definitive agreements and get permission from the High Courts. This will take time.

The firm expects the agreement to be finalised in the next 12-15 months. Expect it to consummate by June 2017."

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Funding News

aahaa raises $1M in funding from YourNest Angel

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n March 4 aahaa stores, an online office supplies platform has raised pre-series A funding round of about $1 million from a group of investors led by YourNest Angel Fund. The Chennai based firm will utilize the new round of funding for market expansion, building technology & infrastructure and talent acquisition.

Apart from it head office in Chennai, aahaa has warehouses in Chennai, Bangalore, Pune and Gurgaon. It claims to have over 50 customers across manufacturing, technology and banking verticals including Wipro, TCS, Ashok Leyland, Michelin, Titan, Karur Vysya Bank and Cholamandalam Finance.

As per a rough estimate, the office

supplies is worth $20 billion industry.

The startup also claims to solve a major pain point for corporates concerning the purchase of thousands of these materials from hundreds of vendors in multiple locations. The company is enabling a one-stop solution for all needs regarding office management, which are classified as indirect spends. It has warehouses in Chennai, Bangalore, Pune and Gurgaon. " The office supplies could range from cafeteria supplies to specialised stationery to customised trophies. Besides, it also fulfills the unique needs of certain industries such as worker safety

products in manu- facturing and cash counting machines and ATM displays for banks " said Asokan Sattanathan, Chairman of aahaa. aahaa has over 500 vendors and notably sources 75 percent of its deliveries locally. Following the funding, the investors will be a part of the board committee of aahaa.

Jaypore raises Rs 30 crore in funding from Aavishkaar

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ew Delhi-headquartered online retail store Jaypore has raised Rs 30 crore in funding from social venture capital firm Aavishkaar on February 19. This is the first such made by Aavishkaar in an ecommerce venture. Last year, it had invested Rs 32 crore in ecommerce logistics firm Connect India. Jaypore not only sources products from from co-operatives, self-help groups, established manufactures and exporters, but also directly from artisans across the country. It gets the products on consignment from artisans, and which are then kept in its central warehouse in Delhi. This ecommerce store sells all lifestyle products, except furniture, but including, clothing, apparel, accessories, jewellery,

personal care items, art and food. It will also launch its mobile app on the Android and iOS platforms over the next three months.

Jaypore will utilize this fund for development of its technology infrastructure, brand building. They also intend to expand its team, according to a senior executive of Jaypore. Puneet Chawla, co-founder of Jaypore said, "Jaypore is now an established brand, and we are looking to expand the brand further, reach out to a larger segment of consumers, and showcase the incredible variety of products from India, to potential customers in the country and outside its borders." According to Chawla, every day the company records between 200-400 transactions, with an average ticket size of Rs 4,000.

India

Jaypore has been backed by Haresh Chawla, partner at private equity firm India Value Fund.

"Jaypore is a sterling example of how a brand can be built in a costefficient manner, and have tremendous customer loyalty, versus the established practice of just throwing money at traffic ," said Chawla. Chawla had invested Rs 3 crore in the startup in 2012.

"We're already 65% of our total orders come through our mobile optimised website," added Chawla.

For the financial year ending March 2017, the company is projecting GMV of Rs 100 crore, and is aiming to break even by fiscal 2018. According to Chawla, co-founder of Jaypore, the company expects to record gross merchandise sales of Rs 30 crore by the end of the current fiscal.

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Places to Visit in the

Scorching Summer D

eciding a place to visit in sultry, sun-drenched summer is very difficult.

Given below are the touristic places in Mizoram, where you can enjoy the summer and escape from your corporate existence. The NorthEastern state has a mild climate, being relatively cool in summer 20 to 29 째C. The areas are influenced by monsoons, raining heavily from May to September with little rain in the dry season. But the state is in a region where cyclones and landslides can cause weather-related emergencies.

The state has the third highest total forest cover with 1,594,000 hectares.

Mizoram is also home to numerous species of birds, wildlife and flora. Of the birds found in Mizoram forests, twenty seven are on worldwide threatened species list and 8 are on critically endangered list. Trekking, Caving, Paragliding - all these

adventureous and attractive activities will enchant you. For entry into Mizoram for domestic tourists, Inner Line Pass or ILP is required .

Submiting two passport size photos and a photocopy of Photo ID, ILP can be obtained from the Liaison Officers posted at Mizoram Houses in New Delhi, Mumbai, Guwahati, Shillong, Silchar, Kolkata, Vellore and Bangalore. It can also be obtained on arrival at Lengpui Airport.

Being Capital of Mizoram Aizawl is centre of all important government offices. Mizoram State Museum, which houses Mizo traditions, culture and history, is located in the centre of the town at Zarkawt. Bara Bazar is the main shopping centre of Aizawl in Dawrpui Veng locality. The main bazar is where the people are best seen in their traditional costumes selling produce from the farms as well as India

imports from China brought through Myanmar border area. The Millenium Center is very popular shopping Mall.

Surrounded by thick lush green temperate trees and bushes, Hill Station Reiek is a touristic spot, 12 km from Aizawl. Situated on the northern side of Aizawl, Durtlang Hills offers a fine view of the hill station. Popular picnic spot Berawtlang Tourist Complex is situated 7 km from Aizawl. Oval in shape, Palak Dil or Palak Lake is the largest natural lake in Mizoram and is situated near Phura village which is about 391 kms to the south of Aizawl.

It covers about 1 sqkm and is surrounded by lush virgin forests rich in flora and fauna.

Hmuifang is about 50 km from Aizawl with an elevation of 1619 metres, the mountain is still covered with virgin forests reserved since the

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Mizo Chief's time. Solomon's Temple is a grand temple complex operated by Kohran Thianghlim of Mizoram. It is located in Kidron Valley, Chawlhhmun localit. Some others places that you can visit in Aizawl are Durtlang Hills, Tamdil Lake, Reiek Heritage Village, Vantawang Falls, Khawnglung Wildlife Sanctuary, KV Paradise, Sibuta Lung, Shiv Mandir, Mini Zoological Garden etc.

Thenzawl is a beautiful town located in the middle of Mizoram. Just five kilometers away from Thenzawl, Vantawng Falls is located. It is a two-tiered waterfall with a total height of 229 metres. Tuirihiau is a beautiful waterfall near Thenzawl, upstream of Vantawng fall. There is a deer park, which houses seventeen deers, in natural environment.

Lalruanga Lung is located in N. Khawbung Village, which is around 16 km from Champhai. A national park located in the Champhai is Murlen National Park, which covers an area of approximately 100 km2. This is home to a rich variety of flora and fauna. The park is situated about 245 km east of Aizawl, and is close to the Chin Hills. About fifteen species of mammals, hundred and fifty species of birds, thirty five species of Medicinal plants, two species of bamboos and four species of orchids so far have been recorded in this park.

Mura Puk is situated in Zote village, which is 10 km away from Champhai town. There are six caves at this site and these were the hiding place of the local villagers. Hnahlan is a grape growing area which is very close to Champhai with vineyards and beautiful climate. Rih d誰l 27 kilometres from Champhai near

India

Zokhawthar in Myanmar is considered to be the passage of the souls to the eternal abode. The lake is around a kilometre long and 70 metres wide.

In Lunglei, there are many touristic spots like Kawmzawl Park, Khawnglung Wildlife Sanctuary and Saikuti Hall. Phawngpui or the Blue Mountain, the highest peak in Mizoram, is situated near the state's south-eastern border. Aprat from orchids and rhododendrons, here you can find an amazing variety of birdlife including the rare Blyth's Tragopan, Dark Rumped Swift and Hume's pheasant, and endangered mammals like the Leopard, Leopard Cat, Serow, Slow Loris, Tiger, Goral, Asiatic Black Bear, Stump-tailed Macaque and Capped Langur. Located in the western part of the state, Dampa Tiger Reserve is the largest wildlife sanctuary in Mizoram.

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Fern Hotels & Resorts creates footmark in Kolkata

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he CEO Magazine, Kolkata, March 7: The Fern Hotels & Resorts has announced inauguration of The Fern Residency in Rajarhat, Kolkata. This business hotel has been inaugurated by actor Kartik Aaryan, celebrated Tabla player Bikram Ghosh and others on March 7.

The Residency has fourty eight exquisitely designed guest rooms with all modern amenities and facilities necessary for successful business travellers. The rooms include two suites, one multi cuisine restaurant, two big banquets, two board rooms and the latest business services.

All these rooms fall under three categories - Winter Green, Winter Premium and Hazel Suite. All Winter Green & Fern Club rooms are comfortable sized with ensuite bathrooms. The fine dine section with a unique silver service has a wide selection of local and international cusines named as 'XII Zodiac' an all day dining along with 24 hrs in-room dining. Situated 3.5 km from airport and 19 km from Howrah Railway

Tabla player Bikram Ghosh, Rahul Agarwal, Managing Director of the hotel, bollywood actor Kartik Aaryan and others during the inauguration ceremony of The Fern Residency, Kolkata.

Station, Fern Residency is located in the prime area of Rajarhat, opposite to City Centre 2 mall in New Town area.

The FERN Residency Kolkata is ideal for Business travelers, Long stay, transit guest and Residential Conferences.

The hotel is managed by Concept Hospitality & the property belongs to Shanti Group. The Fern Hotels & Resorts is amongst the fastest growing hotel brands in India with 24 hotels and 1400+ rooms across 22 locations. The hotel believes in the perfect blend of luxury and coexistence with nature.

Speaking on the occasion, Mr. Rahul Agarwal, Managing Director said, "The Fern Residency, Kolkata has been a sheer hard work of 3 years to give the best services and be known as one of the best business hotels at an affordable price in the City Of Joy. We are the few hotels in Kolkata which is Eco-sensitive and significantly contributes to the environment. At , our work speaks for itself as we embrace your association."

The Fern Residency, Kolkata

RNI No. DELENG18953