Indholdsfortegnelse for September 2023 i Outlook Business

With Chandrayaan 3, India shed light on the darker side of moon in a televised landing, bringing back memories of the extravaganza around the exploits of Apollo 11 way back in 1969- But then it was a different world order defined by the Cold War, marked by state propaganda to drum up nationalism. A lunar mission became a key ingredient to stay ahead in the struggle for geo-supremacy. It was a symbol of America's power, whose potency could go beyond the globe. The nationalism playbook used to drum up fervour has remained unchanged through the ages. Scientific triumph, sporting glory are all tenets of that playbook. The Indian left and the West have decried India's space mission for ages, calling it wasteful expenditure when millions languish in poverty. But decades…

The National Food Security Act (NFSA) is not the only one affected by gaps caused by insufficient and outdated data. The Centre's National Social Assistance Programme (NSAP) has subschemes targeted at individuals below the poverty line: Indira Gandhi National Old Age Pension Scheme, Indira Gandhi National Widow Pension Scheme and Indira Gandhi National Disability Pension Scheme. As per a 2021 Parliamentary panel report on rural development, the targets set for these schemes are nearly exhausted, because of which no new names are being added. The National Family Benefit Scheme, where a BPL family gets a lumpsum amount of Rs 10,000 on the death of the breadwinner, and Annapurna scheme that provides 10 kilogrammes of food grain for free to eligible senior citizens who have been left out of the old…

COVER STORY THE UNCOUNTED INDIAN The delay in conducting the census, which was due in 2021, is making old population samples less representative, Pronab Sen, head of the Standing Committee on Statistics and former chief statistician of India, tells Rajat Mishra. He insists that there is nothing wrong with the sampling methodologies, rebutting allegations by Shamika Ravi, member of the Economic Advisory Council to the Prime Minister, about the samples of national surveys being faulty. According to him, the discrepancies that she has referred to were because of the difference in purposespecific definitions What is the difference between the Socio Economic and Caste Census (SECC) and the Consumption Expenditure Survey? The SECC was conducted for the first time in 2011. The way it was done was to construct a multidimensional index,…

Vivek Kumar Dewangan, chairman & Managing Director, REC Limited, shares his vision on how the Maharatna company is using its funds to help reform, revamp and transform the power and logistics sector. Q In your new avatar, how is REC faring in the revamping of the power distribution sector? REC is the nodal agency for the Revamped Distribution Sector Scheme (RDSS) in 19 States/ Union Territories covering 32 Discoms and the key focus areas include smart metering in prepayment mode and distribution infrastructure up-gradation and modernization so as to drive greater participation of consumers as well as improve grid resilience and stability. RDSS poses as the solution to ensure financial viability and funding of major smart metering projects as well as for strengthening & modernizing the distribution network infrastructure. RDSS…

OUTLOOK BUSINESS INITIATIVE Ulipsu is a global platform curated to explore and master skills. The platform is designed for learners from grades 1–10, offering innovative, engaging, and joyful learning solutions. Ulipsu effectively equips schools with the means to integrate vital skills into their existing framework. These span from fundamental skills like language and communication, life skills, maths, and new age skills like coding, artificial intelligence, finance & entrepreneurship to trending subjects like digital citizenship, space tech, data science, and design thinking & innovation, as prescribed in both NEP 2020 and CBSE skill modules. The platform also includes hands-on skills like music, art and craft, science DIY, robotics, and yoga. Q What led to the inception of a skill education platform? Sumanth Prabhu: With over a decade of firsthand experience in…

SPEED Access to the right data to the right person at the right time empowers fintechs to make quick and timely data-driven decisions. These decisions help them identify trends in customer behaviour and potential risks, allowing them to respond swiftly and proactively to market dynamics. COMPETITIVE DIFFERENTIATION Sanitised data provides fintechs valuable insights into customer preferences, needs and pain points. Armed with this knowledge, they can develop contextual, innovative and customer-centric products and services, giving them a competitive edge in the market. OPERATIONAL EFFICIENCY A robust data strategy streamlines data processes—going all the way from data processing to building predictive models and applications that can prescribe the next best action. This seamless connection reduces complexity and operational bottlenecks. At times, a quick insight allows organisations to swiftly respond to changing…

As a primary source of energy and nutrition, rice plays a vital role in feeding the world. Increased demand for Indian rice processing has helped to drive the steady progress of AGI Milltec – one of the recipients of the 2023 Business Excellence Awards presented by Outlook Business Spotlight. The distinction, awarded annually by India's principal business magazine, Outlook India, recently recognized AGI Milltec and its Executive Director and CEO, Rajan Aggarwal, for showing sustainable, profitable growth in 2023 and setting standards of leadership and excellence in the agricultural sector. “On behalf of AGI's dedicated employee teams in four state-of-the-art manufacturing facilities in Bengaluru, India, we are honored by these distinctions,” says AGI's Rajan Aggarwal. “We are proud that AGI Milltec plays a vital role in supplying and serving AGI…

In the heart of Coimbatore, India, stands a beacon of Ayurvedic excellence ` The Arya Vaidya Pharmacy (Coimbatore) Limited. A name synonymous with heritage and innovation in the realm of Ayurveda, AVP Group has been a trailblazer since its inception in the 1940s. Embarking on a journey to ‘Touch Lives Through Ayurveda’, AVP has not only upheld tradition but also ventured into uncharted territories to become a global source of authentic Ayurvedic products and services. Central to AVP's philosophy is an unwavering commitment to quality and authenticity. The selection of herbs and ingredients for their formulations is a meticulous process, guided by the wisdom of ancient Ayurvedic texts. Rigorous testing in state-of-the-art research facilities ensures that efficacy remains the hallmark of every product bearing the AVP seal. This devotion to…

Bluekaktus is a leading technology company that firmly believes that digitization and the use of cutting-edge technology is the only way to transform the supply chain. With a strong focus on the fashion and lifestyle sector, we have developed smart, simple, and swift technology tools that empower companies to achieve extraordinary results by automating their supply chain processes. Since our establishment in 2000, we have passionately worked towards digitizing the end-to-end supply chain processes in the fashion & lifestyle industry. We specialize in providing fashion manufacturing, sourcing, and retailing companies with innovative solutions to enhance their lead times, reduce costs, and optimize overall performance through the use of cutting-edge technology. At the heart of our offerings is a user-friendly cloudbased platform that is highly flexible, scalable, and tailored specifically to…

Fujifilm Sericol India, being an integral part of Fujifilm Ink Speciality Group (FISG) which consists of Fujifilm Speciality Ink Systems UK (FSIS), COUS, and Fujifilm Ink Colourants, has come a long road to achieving 27 years of being in the forefront of the Printing Industry in India. Has ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015 certifications in its advanced manufacturing facility at Pune, Maharashtra, for Screen inks and chemicals, Digital inks, UV Flexo inks, and UV Offset Inks. With its State-Of-The-Art R&D and Innovation Centre, and Colour Management Laboratory along with a fully equipped Technical Training and Demo center for screen printing and wide format digital printers has been an important pillar for providing innovative solutions, that are synonymous with excellent printing ink quality and is known to develop competitive…

ATS HomeKraft, a distinguished real estate development company, is revolutionizing the industry by creating homes that go beyond bricks and mortar. With an impressive portfolio of over 10 projects in the NCR region, ATS HomeKraft is known for its unwavering commitment to delivering high-quality construction and ensuring customer satisfaction. Their exceptional work has earned them a nomination in the prestigious Outlook Business Spotlight's - Business Excellence Awards 2023, a testament to their industry leadership and outstanding achievements. About AtS homekraft ATS HomeKraft was founded in 2018 and is headquartered in Noida, India. Guided by the vision of Chairman & Managing Director, Mr. Getamber Anand, the company has become a symbol of excellence in the real estate sector. Mr. Anand's extensive industry experience, market expertise, and visionary leadership have propelled ATS…

Integrated Personnel Services Limited has been a valued partner for offering human resource services to the top industries located all over Globe since the year 2004. This firm is listed on the Indian National Stock Exchange. And having a presence in Countries like the US, Australia, Bulgaria, UAE, Nepaland the Middle East. Mr Tarang Goyal, the managing director, and Mrs Sandeep Kaur Goyal, the director, are the foundational pillars of Integrated Personnel Services Pvt. Ltd. With the application of best management practices and strategic planning, these visionary ideas sustained the organization's high-growth trajectory. Mr. Tarang and Mrs. Sandeep Goyal oversee all company operations personally, and endeavoursin order to maintain and expand the business. Mr Tarang's business accomplishments have garnered international recognition. He contributes more than fifteen years of diversified industry…

The story of Lloyd Healthcare is the story of an ordinary Indian who has dared to dream, believe in himself, and has walked towards his objective. Founded in 2011 with a team of 12 employees & handful of brands at Vijayawada, Lloyd Healthcare transgressed to a 250 Crs house in just a decade. No Wonder, Lloyd Healthcare is the youngest recipient of “CIMS Medica Healthcare Excellence Award” for 2021 & 2022. Commitment, dedication, hard work and an unwavering belief to achieve one's own goalpost saw Lloyd Healthcare emerge as a strong player in the Indian pharmaceutical industry. The founder person, Mr Narayana Rao Vikram, understood the nuances of the pharma industry in depth as he started his career as a medical representative & rose rapidly. This enabled strong decision-making, a…

MyGate was started in Bengaluru, India in 2016 by former Indian Air Force pilot Vijay Arisetty along with Shreyans Daga and Abhishek Kumar to address efficiency and security gaps at the gates of communities. The simplicity of this innovative app - and its positive impact on residents, managing committee members, guards and the overall community - led to strong organic adoption in many Indian metros. From here, MyGate has built on its original idea to create the most comprehensive solution, impacting every aspect of community living. Residents can use the MyGate app to communicate with neighbours, discuss matters of the community and society on internal discussion forums, manage visitors (guests, deliveries, cabs etc.), maintain attendance record, and salary payments for daily help, discover services, pay society maintenance bills, among much…

Plotters Ink is a homegrown creative agency born out of the passion for creating superlative work for industries that traditionally had little or no budgets to partner with the mainline advertising agencies. Over the last 9 years, Plotters Ink has been consistently partnering and providing brands with strategic, design, and creative support to achieve their communication needs. With a young team at hand Plotters Ink started its journey with its 2 cofounders cramped up in busy coffee shops trying to win over clients and explaining the importance of good design and communication. This has now transformed into a young team of professionals with mixed skills and talents working hard to deliver the dreams brewed over cups of coffee. We are now a homegrown creative agency that competes with the biggies…

Rahee Infratech Limited is a leading Railway construction company in India, operating in the field of Bridge Construction, Track Construction, Flash Butt Welding of Rails, Manufacturing of Rail Turnout Systems and Rail Fastening Systems. Established in 1948, the group has grown over the last 75 years and has established itself as a leading civil engineering company in the railway segment. The group has six manufacturing facilities, manufacturing various track products for Railways. Rahee's manufacturing plants are spread across the Eastern region of India around Kolkata and Southern region of India around Hyderabad. In addition, there are several infrastructure projects executed and under execution across India creating a pan India presence for the group. Rahee is executing turnkey construction Bridge projects including sub structure and super structure work. Having successfully completed…

RNIT Solutions and Services Limited is an innovative and forward-thinking organization that specializes in harnessing emerging technologies to drive digital transformation in State & Central Government departments and corporate businesses across the country. RNIT is at the forefront of technological advancements, constantly exploring and adopting cutting-edge solutions to meet the evolving needs of clients through their Digital transformation journey. RNIT believes in a collaborative approach in delivering tailored solutions that addresses clients’ specific needs as part of their digital transformation journey. As an emerging technologies IT company, RNIT has become preferred technology vendor for the needs of Central & State Government departments, business corporates which are in citizen centric and e-Governance domains. Being in the forefront of help the clients stay ahead of the competition, unlock new opportunities, and drive…

S akshath technologies®: Driving Innovation and Collaboration in the It Industry In today's rapidly evolving technological landscape, Sakshath Technologies® has emerged as a trailblazer, revolutionizing the way businesses leverage IT solutions. With a strong emphasis on collaboration, innovation, and customer-centricity, Sakshath has earned a well-deserved reputation as a trusted partner for organizations across various sectors. Sakshath Technologies®: Empowering Growth In 2012, Saaksh8 Consulting Services embarked on a journey that would lead to the birth of Sakshath Technologies® in 2015. With humble beginnings as an IT Recruitment Services firm, Sakshath Technologies® has since become a prominent player in the IT industry, specializing in ERP solutions, QA, BI & Analytics. With a dedicated team and a commitment to growth and profitability, Sakshath Technologies® has thrived, expanding its presence across India and serving clients…

Techademy is an enterprise learning solutions tech company offering experiential and immersive tech learning experiences to enterprises through its Unified Learning Experience Platform (ULXP). Through Techademy's ULXP, companies can amp up their Learning and Development programs, conduct assessments and plus skill gaps through an integrated assessments engine, and help their teams gain hands-on experience in technologies of the future! Through the industry's best talent mobility and workforce transformation practices, Techademy aligns business and learning goals to create a personalized learning ecosystem for organizations through: · Integrated LXP: Techademy's Unified Learning Experience Platform offers a blended learning approach that seamlessly integrates work and learning through immersive learning experiences. This approach drives higher user-adoption rates, employee engagement, and delivers value to both learners and organizations. · Virtual tech Labs: Techademy's personalized, cloudbased…

For many in underserved populations around the globe, basic healthcare remains out of reach due to lack of infrastructure, medical supplies, and skilled professionals. UniHealth, through its innovative approach, is working to bridge this healthcare divide and empower local communities across underdeveloped and developing nations in Africa and Asia. By setting up hospitals and medical centers under its flagship brand, ‘UMC Hospitals’, the Group is making healthcare accessible to those who need it most while facilitating knowledge transfer and developing skills to help build self-sustainable, long-lasting infrastructure for the local populations. The Consultancy Services vertical of the Group is helping build technologically advanced patient-friendly hospitals in a cost-effective manner in multiple geographies across Asia, Middle East and Africa. The cumulative bed-strength of hospitals under various stages of planning and execution…

VICAT has been operating in India since 2008. VICAT India is part of the French Multinational group VICAT and comes with 200+ years of legacy since Mr. Louis VICAT invented artificial cement. VICAT is operating in India with two companies; Bharathi Cement Corporation Pvt. Ltd. and Kalburgi Cement Pvt. Ltd. Bharathi Cement has one state of art Integrated plant at Cuddapha, Andhra Pradesh, with 5 MTPA capacity and one bulk terminal at Coimbatore, Tamil Nadu. Kalburgi Cement has one state of art integrated plant at Kalaburgi, Karnataka, and one bulk terminal at Mumbai, Maharashtra with a total capacity of 3.6 MTPA. VICAT operates in India with two brands – VICAT and Bharathi Cement. In the last 15 years, the company has expanded its markets in 8 new states in India,…

Xperitus Insurance Brokers Pvt. Ltd., established in 2004 as a direct non-life broker, has evolved significantly over the past twenty years. It initially operated as a Non-Life Broker and has since transformed into a comprehensive composite broker, offering expertise across all lines of Non-Life and Life Insurance. This includes proficiency in areas such as reinsurance, protection and indemnity, hull, aviation, and crop insurance. Additionally, the company provides specialized services in claims consultancy and risk management to a diverse clientele. The company's foundation is supported by a group of seasoned professionals with over two decades of experience in insurance claims, insurance arbitration, and insurance claims litigation. Their remarkable track record is highlighted by numerous accomplishments. They have secured two influential judgments on insurance law from the Supreme Court of India, achieved…

PLANET, PEOPLE, PROFIT PAINTING THE ORCHARDS RED Back in 2011, when Coca Cola India Private Limited (CCIPL) launched Project Unnati—as part of its environmental, social and governance commitments —to support the agricultural ecosystem in the country, food security did not seem as big a concern as it does now. However, things changed in the wake of rising global economing ic, geopolitical and environmental concerns. Resource optimisation became the key word as stakeholders started paying attention to farm productivity, food wastage, weak supply chain, lack of resources, etc. According to the Food and Agricultural Organization of the United Nations, more than 40% of the food loss in developing countries occurs at the post-harvest and processing levels. CCIPL is working with farmers in India to address the issue of low farm productivity, poor…

National Food Security Act ■ 35 kg of subsidised foodgrain per month at Rs 3 per kg for wheat and Rs 2 per kg for rice, besides 1 kg of sugar for Rs.18.50 to the poorest of poor families under Antyodaya Anna Yojana ■ 5 kg of food grains per person per month, with wheat, rice and coarse grains priced at Rs 3, Rs 2 and Re 1 respectively for remaining priority households Indira Gandhi National OldAge Pension Monthly pension of Rs 200 up to 79 years of age, and Rs 500 thereafter Indira Gandhi National Widow Pension Monthly pension of Rs 200 for beneficiaries aged 40-59 years Indira Gandhi National Disability Pension Monthly pension of Rs 300 for beneficiaries aged 18-79 years; Rs 500 for those aged 80 or…

Chairman's Statement 112th Annual General Meeting, ITC Limited August 11, 2023 ADDRESS BY CHAIRMAN & MANAGING DIRECTOR, MR SANJIV PURI We meet today at a time when india is taking purposeful strides towards the vision of Amrit Kaal. The country is buoyed by optimism and deeply engaged in realising that promise, striding on the pathways of clearly enunciated goals and policies. What is remarkable is that such an outlook pervades at a time when the world is grappling with serious issues affecting growth across all major economies. India's resilient growth is a testament to the slew of policy measures unleashed by our inspirational Prime Minister Shri Narendra Modi ji. Some major policy initiatives include: tripling of public capex, best-in-class public digital infrastructure, the PLI scheme to attract private investment in…

GET, SET, START BYJU ON THE CORPORATE GUILLOTINE In July this year, Think and Learn Pvt. Ltd (T&L), the parent company of edtech decacorn Byju's that hit rough waters a year ago, appointed former State Bank of India chairman Rajnish Kumar and former chief financial officer of Infosys T.V. Mohandas Pai to its newly formed board advisory council (BAC). Byju's, India's most valued startup, is currently juggling multiple issues ranging from lawsuits, capital crunch and slashed valuations to governmental investigation into its financial activities, layoffs and closure of offices. While it remains to be seen if Kumar and Pai can put in place the missing corporate governance guardrails that brought Byju's to its current state, T&L will have to make some drastic changes to survive. One such option on the cards…

EMAMI'S PERSISTENT BEAR HUG DECODED Few can boast of a history as dynamic as that of FMCG major Emami Ltd. It was born half a century ago, in 1974, when friends R.S. Agrawal and R.S. Goenka set up a small manufacturing unit called Kemco Chemicals for ay ur ve dic medicines and cosmetics in Kolkata. However, it is the impressive growth of the company with strategic and successful acquisitions over more than four decades, juxtaposed with the not-so-impressive run at the bourses for some time now, that makes it a fascinating case study. The last five years have seen several bull runs on the stock markets. While the BSE 30 index has given 75% return in this period, the NSE 50 index has also increased investors’ wealth by 71%. Despite the…

OUTLOOK BUSINESS INITIATIVE Micro, small and medium enterprises (MSMEs) are important players in the Indian economy, whether by share of gross domestic product or manufacturing or share of exports or role in employment. But they are relegated to the back of our minds because most cannot afford the brand game, even if they have remarkable stories of achievement. Recognising this fact, the Outlook group bestowed a clutch of awards for the sector under different categories to felicitate them. At a recently held event in Mumbai this year, Sychetana Ray, Editor of Outlook Business, said MSMEs are expected to play an even more crucial role in poweing India into its Amrit Kaal. Ray said the Make in India Call,’ which aims to manufacture things now imported, should be expanded to “Make…

Airtel Business is the B2B arm of Bharti Airtel and is India's largest and most trusted partner for secure connectivity, technology, and communications solutions. The company serves over 1200 global enterprises, 2000 large and 1 million medium/small businesses across India. It is India's largest B2B company and ranks amongst the top providers of Connectivity, IoT, CPaaS and Data Centers in India. With a wide gamut of end-to-end solutions spanning cloud, data centre services, cyber security, IoT, Ad Tech and cloud-based communications, the company's offerings are engineered to deliver high-speed connectivity, unparalleled wide coverage and scalable bandwidth. Airtel Business was the first to deploy a private 5G network for businesses in India. It has an unmatched data center footprint across the length and breadth of the country with 12 large datacenters…

Bansi S. Mehta & Co., a firm of Chartered Accountants was founded in 1958, by the esteemed Mr Bansidhar S. Mehta. With over six decades of experience, the firm operates at high levels of quality to deliver efficient, innovative and 360-degree solutions in a timely manner. Keeping the interests of the client is at the heart of everything the firm does. The firm provides a diverse range of services with specialisation in Direct and Indirect Taxation, International Taxation, Transfer Pricing, Mergers and Acquisitions, Valuation, FEMA, Accounting, Audit and Assurance and Corporate Advisory. The name ‘Bansi S. Mehta & Co.’ is synonymous with “integrity”. The firm enjoys a reputation of ensuring uncompromised ethical standards in the services rendered at all levels and for all stakeholders involved. The firm's adherence to the…

India's digital market continues to experience rapid growth, creating a strong demand for public cloud service providers. This surge in demand is driven by large enterprises, digital natives, and small and mediumsized businesses seeking digital innovation. In response to this growth, Bootlabs was established in 2019 as a Bangalore-based firm specializing in boutique consulting and product-based solutions in the areas of DevSecOps and Cloud Technologies, and that is where we designed Sailor – which is simplifying cloud. we have extensive capability of multiple hyperscalers: As a trusted partner of Google and AWS, Bootlabs offers a comprehensive range of services, including Cloud Consulting, 360 Degree Ops Digital Transformation, Cloud Assessment & Cloud Migration, and Platform Engineering with a focus on DevSecOps, SRE (Site Reliability Engineering), and building Cloud Accelerators. The company's…

L ogistics is not simple as everyone thinks,but could be simplified if in the hands of experts like us. We, Globeline Shipping services, have been in the arena of Shipment for the last two decades. We profess the aspiration of delivering shipments and services both domestically and internationally, at reasonable prices and timely safe delivery and commitment. We preach what we practice. Undoubtedly, shipment for the customer's point of view is simplified to the least point of hassles / follow ups as we position your shipments with great analysis and track the same right from the POL to POD, be it exports or imports/Door to Door or Door to Port etc. You ask for it and you can CONSIDER IT DONE! Globeline Shipping is a representative logistics operator providing full…

Today, technology, sales, and marketing are the essential foundations of any business. We at Inboundsys specialize in providing comprehensive business solutions and services that cater to organizations of all sizes, including small, medium, and enterpriselevel entities. Our primary goal is to address their unique business challenges and actively contribute to their growth. By doing so, we are honored to be an integral part of their growth journey and contribute to their success story. Inboundsys is an award-winning Marketing and Technology (MarTech) company based in Bangalore, India. We started our journey in 2012 from a small room with two people, and at present, Inboundsys is proud of having a team of 60+ professionals catering to various areas of web development and digital marketing. We are the leading HubSpot Platinum Partner agency…

Jubilant Biosys Limited provides clients, comprehensive drug discovery, contract research, development and manufacturing services. The Company is a part of the Jubilant Pharmova family of companies, which is one of the flagship companies of the Jubilant Bhartia Group (*). We service clients via our global team of 1120+ scientists, supported by our proprietary AI/ML accelerated drug discovery platform while maintaining the highest standards of integrity and excellence in execution through our worldclass QMS, Project Management, ESG and HSE protocols. We use flexible business models, investments in new technologies and rigorously robust supply chains ensured by internal capacity and a qualified network of external manufacturing partners. We have a global team of 1120 scientists who have qualifications ranging from MSc, PhDs and Post Docs from the reputed universities of India and…

Rahul Garg, Founder, and CEO of Moglix is a firstgeneration entrepreneur. Rahul embarked on his entrepreneurial journey in 2015 after working with Google. An engineer from IIT Kanpur, an MBA from Indian Business School and a member of Harvard Business School Owners/ President Management Cohort 62, his academic underpinnings illuminate his path in the realm of entrepreneurship, shaping his remarkable odyssey as a visionary leader. Mr. Garg, a YPO Delhi & International member, affiliated with FICCI, serves as Co-Chair of Unicorn Forum, Delhi State Head of Startup Committee, and CII Manufacturing Council Member. A visionary Leader - Rahul Garg adds, “India operated pretty much without catalogues pre-Moglix. I would take the liberty of saying that Moglix is the catalogue for India,” encapsulates the disruptive force he envisioned. Under Rahul Garg's…

In the world of frozen delights, NEXTGN ICECREAM ENGINEERING stands as India's leading ice cream machine manufacturer, spearheaded by visionary Mr. Raju Jituri. With a remarkable commitment to innovation and a passion for redefining the realm of ice cream, this pioneering company has emerged as a trailblazer in the industry. From businesses to ice cream enthusiasts worldwide, NEXTGN has become the preferred choice, transforming the landscape of frozen desserts. Unparalleled Technology and Global Reach Harnessing state-of-the-art technologies, NEXTGN ICECREAM ENGINEERING has secured its position as the foremost ice cream machine manufacturer in India and abroad. Renowned ice cream brands such as Kwality Walls, Havmor, Vadilal, Mother Dairy, Ideal Ice Creams, Uncle John, Dairyrich, Kiwi, Joy, and Cold Stone Jakarta have chosen the company for its cost-efficiency and improved production capabilities.…

Aakanksha Bhargava, the CEO of P.M. Relocations Pvt Ltd (PMR), has emerged as the influential figurehead in India's relocation service industry. Her relentless drive and astute business acumen have propelled PMR from an annual turnover of INR 54 crores in 2020 to a staggering INR 200 crores this year, with a bold ambition to reach INR 350 crores by the end of the current financial year. In an industry plagued by disorganization, male dominance, and labor-intensive practices, Aakanksha has positioned relocation services at the forefront, transforming the landscape through her visionary approach, commitment to diversity, and dynamic values-centric strategies. Despite the hurdles posed by the pandemic, limited resources, logistic complexities, talent acquisition, unorganized market conditions, and the need for agile and resilient business services, PMR has achieved an extraordinary growth…

Throughout my life, I've been driven to help others through the power of knowledge and learning. Whether I was starting a classroom magazine, training teachers on Multiple Intelligences, being the first educator to embrace augmented reality for kids, or creating a way forward to build High Performance kids, I have remained at the forefront of this critical work throughout my career. Like many educators, the pandemic posed specific challenges, but these obstacles allowed me to think outside the box, resulting in the development of schoolyears.org. Created out of the need for children to maintain a dossier of their educational journey from grades Nursery to XII, this platform allows students to consolidate their achievements and store them for life to apply for universities and scholarships down the road. Over the years,…

Raphe mPhibr is a truly self reliant hi-tech manufacturing start up, comprising of more than a hundred world class scientists and engineers propelled by a work culture that suppports innovation. After three years of rigorous research using latest technology, fused with the experience and feedback from different armed forces and security agencies, the company has created 16 different products that cater to the specific needs of the Indian security forces. The drones developed at Raphe have one of the best power to weight ratio in the world, laced with soaring autonomous capabilities. They can operate in high altitude Himalayan areas of Siachen, lift 100kg stores and can also be launched from the palm of the user. Real time monitoring and mission planning is made possible by ground support set up…

It is a 16-year-old law firm founded by our Managing Partner Ms. Mahua Roy Chowdhury. The Firm initially started as an IP& TMT Boutique Firm. The Firm was re-structured to full service with the present name ROYZZ & Co in 2016. While retaining its core strength in technology, science and IPR, ROYZZ & Co is now a Go-To Firm for many techs driven companies for corporate transactions, dispute resolution including arbitration and litigation. Based on the fact that the Firm is helmed and comprises mostly techno lawyers (dual qualified), it has carved out a niche domain of advising and assisting tech dominant companies, tech transactions and litigations as well. The Firm has indigenously built its own software for Client's portfolio management. Even, the COO heading administration and HR is also…

Dr. Mariazeena Johnson, Chancellor of Sathyabama Institute of Science and Technology won the prestigious title of Excellence in Education Award 2023 in Outlook Business Spotlight's-Business Excellence Awards 2023. The event was organized by Outlook Business Spotlight on 24th June 2023 in Mumbai to recognize and celebrate excellence in business innovation, creativity, and leadership. Professionals and leaders from different industries attended the event. Sathyabama Institute of Science and Technology (Deemed to be University) is one of India's premier Academic and Research universities that offers multi-disciplinary academic programmes in various fields of Engineering, Science, Technology, Architecture, Law, Pharmacy, Dental, Nursing, Management, Arts, Science, Physiotherapy, Allied health sciences and Hotel Management. The institution was established in 1987 by founder Chancellor Hon.Col.Dr. Jeppiaar.It was established under Sec.3 of UGC Act, 1956 and is been…

Founded in 2014, ThoughtSol is a prominent, youthful, and dynamic IT services and solutions provider company that focuses on empowering businesses with digital transformation. They provide a complete range of services including IT strategy, deployment, and management while specializing in two core aspects of digital transformation, i.e., Cloud computing and Cybersecurity. The company is committed to providing innovative solutions to various businesses, ranging from start-ups to large enterprises. Their goal is to help businesses maximize their productivity and efficiency by leveraging the latest technology solutions. It is a private limited venture founded by four firstgeneration entrepreneurs whose collective experience at present exceeds 27 years. The company is based in Delhi, and it has a strong team of certified professionals and experienced engineers who are well-versed in the latest technologies. ThoughtSol…

In the vast landscape of India's textile industry, one name shines bright as a beacon of innovation, sustainability, and empowerment – Vardhman Textiles Ltd. With a turnover exceeding a billion dollars, Vardhman stands as the largest vertically integrated textile manufacturer in India, a testament to its unwavering commitment to excellence. At the heart of Vardhman's success story is its dedication to pushing boundaries and setting new industry standards. Boasting an impressive spindle count of 1.19 million, Vardhman holds the distinction of being the largest producer of cotton yarn in India. This massive capacity speaks not only to the company's operational prowess but also to its role in shaping the fabric of India's textile sector. Moreover, Vardhman's influence extends beyond the realms of yarn production. The company's state-of-the-art facilities can manufacture…

Established in April 2020, Warner Music India has quickly emerged as a prominent player in India's pop culture scene. With renowned domestic artists like Diljit Dosanjh, Armaan Malik, KING, Aastha Gill, Darshan Raval, Munawar Faruqui, and Srushti Tawade on their roster, the company has experienced impressive growth. Additionally, its international portfolio boasts notable achievements, positioning India as one of the top five countries for global sensations such as Ed Sheeran, Ckay, Dua Lipa, Alec Benjamin, and Masked Wolf, who have made significant strides on the charts. Under the adept leadership of Jay Mehta, Managing Director for Warner Music India and SAARC, the label has witnessed unprecedented expansion, with its workforce growing tenfold in less than three years. Jay, a seasoned leader with extensive experience in the telecom and music industries,…

THE EIGHT PER CENT SOLUTION: A STRATEGY FOR INDIA'S GROWTH AUTHOR: NIKHIL GUPTA PUBLISHED BY: BLOOMSBURY INDIA PAGES: 400 | PRICE: Rs 699 Public finances are one of the most researched segments in the Indian economy. No other macroeconomic event gets as much attention as the Union Budget, currently announced on the first day of February each year. Since actual policies can be announced on any day of the year, the exclusivity of the Union Budget has fallen over the years. Data shows that the bigger action happens through the state governments, which rarely gets as much attention. Including the transfers and devolution of taxes by the GoI (or the Union government) to the state governments, the states together account for about 60 per cent of all government receipts (excluding…

THE UNCOUNTED INDIAN COVER STORY The government of India runs the world's biggest food security scheme, which provides free ration to more than 80 crore people. The scheme has won Prime Minister Narendra Modi accolades. But what if we realise that there are over 14 crore people who have been omitted from the benefit of this scheme because the government has not counted Indian citizens in over a decade? Can its intransigence break the welfare structure of governance? Kaagaz has become a crucial word for people in their struggle for daily survival as they look up to the government for succour when economy fails them. The 2021 movie Kaagaz, starring actor Pankaj Tripathi as Lai Bihari Singh from Uttar Pradesh, seems straight out of a rural Indian landscape, where bureaucracy pushes…

Mutual funds and fixed deposits have been popular investment options in the Indian financial ecosystem. These choices give people a way to increase their financial security while skilfully controlling risk. To make wise choices, it is necessary to thoroughly analyse the unique characteristics and implications associated with each investmenfvehicle. With a focus on their merits and demerits in the Indian context, this article seeks to provide an in-depth analysis of how debt mutual fund stacks up against the other traditional options available. Interest Rate It is widely assumed that interest rates have peaked out in the current economic situation and is expected to go down in the future. This has serious consequences for an investor looking to make a debt investment. If the interest fates are headed lower, then at…

The Uttar Pradesh Skill Development Mission (UPSDM) is a visionary initiative that aims to integrate skill development with alternative education forms, promoting inclusive growth and empowering individuals. It creates a platform for individuals to discover their talents and equips them with relevant skills for industries and societal needs. The UPSDM, established as a registered society in September 2013, operates under the Department of Vocational Education & Skill Development, Government of Uttar Pradesh. Since its inception, the UPSDM has been a leading force in skid development initiatives, promoting excellence and driving progress in Uttar Pradesh. The Yogi government has been working towards achieving a USD 1 trillion economy by focusing on education and skill development. The government has created a minimum of five special education zones to bolster the education system…

17TH ANNIVERSARY KINSHIP & BUSINESS 1 WADIA GROUP Est 1736 The foundation of the group was laid when Loeji Nusserwanjee Wadia started a marine construction company to supply ships to the British. Over the years, the group diversified into several industries, including FMCG, real estate, textiles, etc. Currently, four of the group companies— Britannia, Bombay Burmah, Bombay Dyeing and National Peroxide Ltd— are listed on the stock exchange. $3.9 billion is the net worth of Wadia Group chairman Nusli Wadia, placing him at the 721st position in the Forbes list of richest billionaires in the world in 2023 Key People Loeji Nusserwanjee Wadia 1702–1774 Loeji was a Parsi from Surat in Gujarat. He got contracts from the British East India Company in 1736 to build ships and docks in Mumbai. He…

April 2021 • Byju's acquires Aakash Educational Services Ltd for around $1 billion November 2021 • Byju's raises $1.2 billion through a Term Loan B (TLB) to fund its global business plans June 2022 • Toppr and WhiteHat Jr, part of Byju's portfolio, lay off 500 people September 2022 • Byju's releases its FY21 earnings after an 18-month delay, reporting a net loss of Rs 4,588 crore and revenue of Rs 2,430 crore October 2022 • Byju's decides to lay off 2,500 people. It also raises $250 million from existing investors December 2022 • Lenders ask Byju's to repay part of the $1.2 billion TLB; accuse it of breaching covenants of the agreement April 2023 • Byju's creditors seek up to $200 million in prepayment along with a higher interest…

In the dynamic business environment, it is inevitable for enterprises globally to transform themselves to remain competitive, create value for their customers, drive innovation & operating efficiency, while running as a well-oiled engine. AAIS Global with ERP/HCM/Cx/EPM expertise & services enables businesses to transform digitally and scale up operations. Founder & CEO, Amit Jain, shared the journey of AAIS Global with Outlook team. “Either companies were providing pure-play business consulting or technology solution, there has been a gap for combo of business consulting & technology implementation together”. To cater to this need, the idea of AAIS Global was born. From a start-up in an apartment room, in a decade long amazing journey, AAIS has a global base with employees/ operations in 5 countries viz. USA (San Jose & Cheyenne), Dubai,…

ApMoSys, is a pacesetter committed to provide enterprise-grade quality assurance with its future ready products and services. ApMoSys is motivated by a strong focus on quality and delivery-oriented development, automation, and genX testing practises that help organisations accomplish their functional, performance, and automation goals. In today's software-driven world, comprehensive testing is crucial, and ApMoSys is aware of this. ApMoSys’ allencompassing testing solutions include the frontend, backend, APIs, databases, and integration layers of the software stack. ApMoSys make sure that the software applications for clients satisfy the highest standards of quality and dependability by doing thorough testing at every stage of the development lifecycle. ApMoSys’ 1,000+ member professional team excels at development and whole stack quality assurance. Its team consists of highly skilled and experienced testing professionals who are well-versed in…

ClientScapes, a global technology solution, management consulting, and outsourcing services provider. Based in Hyderabad, India, our core focus areas include IT Staff Augmentation, Managed Services, Corporate Training, and Business Consulting. We specialize in delivering innovative web based workforce management solutions to clients worldwide. With our end-to-end human capital management solutions and a track record of superior service delivery, we cater to companies of all sizes and industries. Our mission is to maximize productivity, enhance performance, and provide thoughtful and effective IT consulting and staffing services. We are committed to building centers of excellence and maintaining the highest standards of integrity and quality in all our operations. Thank you for your attention.” Praveen Anna the CEO of the company responsible engaging on day to day activities with the clients serving their…

One of India's fastest growing consumer-tech brands, The House of Abhinandan Lodha (HoABL) was born out of a vision to democratize land in the country. Lack of physical security and legal clarity of land are very large barriers that impede large consumption of land at retail level. To ensure that land can be a part of every retail investor's asset portfolio, we've made the process simpler with the use of technology. We've curated New Generation Land which is built on the promise of security, transparency, liquidity and means to create inter-generational wealth. The HoABL tech platform unleashes the power of technology to deliver its brand promises & makes it integral to the existence & growth of business. With the usage of DigiTech we are disrupting the category. From using AI…

Founded in 1998 by Raj Sardana, Innova Solutions employs approximately 50,000 professionals worldwide and reports an annual revenue approaching $3 billion. Headquartered in Atlanta, Georgia, Innova is expanding its presence and investing in the Indian market to ensure best-in-class delivery for local businesses. With capabilities spanning across each stage of the digital-first journey—from early-stage opportunity assessments to implementation of data programs, cloud services, AI/ML models, automated processes, customer engagement programs, and cyber security—Innova delivers strategic technology and business transformation solutions to clients, enabling them to operate as leaders within their fields. Innova serves clients ranging in size from SMB to Fortune 1000 across several industries including: Healthcare, Insurance, & Life Sciences; Communications & Media; Retail, Manufacturing, & Transport; Banking and Financial Services; and Hi-Tech. “Innova in India is uniquely positioned…

Lightstorm is resolving these issues by adopting a multi-pronged approach and through three key solutions. It is building a Data Center Interconnect (DCI) network, SmartNet, which is focused on resolving the interconnection gap prevalent in Datacenter, Cloud, and Internet infrastructure connectivity in several emerging markets in the South East Asia region. Secondly, Lightstorm has recently introduced self-serve Network-asa-Service (NaaS) platform, Polarin by Lightstorm to provide unprecedented scalability and visibility in the network for improved monitoring and faster and more informed decision-making. Lightstorm is also working to boost the submarine cable landing ecosystem in India. In India, the network includes 30,000+ km of fiber network that connects □75 data centres and two stateof-the-art NOCs. This network also caters to customers in Nepal and Bangladesh. In Indonesia, □1000 km fibre connects 40+…

One of the key differentiating factors that set us apart from our competitors is our #OnlyTheBest ideology. We import #OnlyTheBest brands from around the world, ensuring that our customers receive the best possible experience every time they consume one of our products. This approach has helped us create a strong reputation for quality and consistency, which is something that we are very proud of. Another innovative factor that sets us apart is our dedication to sustainability. We believe that businesses have a responsibility to take care of the environment. For example: Last year we launched a sustainable rum. This was India's first introduction to an international rum that is made using green energy, bottled in a 100% recycled glass bottle and recyclable packaging because it's what's on the inside (and…

Nutrify Today is an innovative company that is transforming the nutraceutical industry by leveraging emerging technologies such as Artificial Intelligence (AI) and Machine Learning (ML). Led by Mr. Amit Srivastava, a pharmacist with extensive experience in the field, and supported by a team of industry experts, Nutrify Today aims to democratize the nutraceutical supply chain and accelerate the commercialization process. Their flagship product, Nutrify Genie, is a curated AI engine that combines 2.5 million scientific and commercial resources on a single platform to design, develop, and commercialize ethical nutraceuticals in record time. This Indian innovation has positioned Nutrify Today as a global thought leader in advanced ethical nutraceuticals, and they are actively contributing to the growth of the industry through collaborations and policy advocacy. Key Figures in the Company •…

The Podobrace Group is (online) marketleader for medical and sport supplies in Europe en with Podobrace we are now active in more than 25 countries and we just expanded to Asia with our; “Podobrace Asia” department, where we also recently bought a factory (Podobrace industry) to provide our clients with even better quality and prices. In this factory with 1400 employees we currently produce braces, compression shorts, but also t-shirts, socks, hoodies, tracksuits, jackets, satin pillows sheets and towels. Worldwide we produce millions of towels and garment items every year for our clients. And with Podobrace.com we have the largest webshop for medical devices in Europe, specializing in orthopedic care and sports podology. We have been bringing the best of orthopedics, physiotherapy, and rehabilitation supplies to those in need across…

Nestled like a hidden gem in the embrace of the enchanting city of Udaipur, Raffles Udaipur beckons travelers to a realm of unparalleled luxury and refinement. As the first Raffles hotel in India, it exudes an air of magnificence and sophistication that is unrivaled. Picture yourself transported to a realm of opulence, where every corner reveals a new chapter of splendor and indulgence. This architectural masterpiece rests gracefully on a sprawling 21-acre private island, a serene oasis in the heart of the tranquil Udai Sagar Lake. Here, the boundaries between fantasy and reality blur as guests find themselves immersed in a world where Western influences intertwine seamlessly with the regal heritage of Rajasthan and the timeless allure of Mughal architecture. A sanctuary of lavishness awaits within the walls of Raffles…

Redington Limited, an integrated technology solutions provider, enables businesses in their digital transformation journeys by addressing technology friction – the gap between innovation and adoption. With presence across 38 markets through 60 subsidiary offices, over 300+ brand associations, and 43,000 channel partners, Redington enables seamless and end-to-end distribution for all categories of IT/ITeS, Telecom, Lifestyle, and Solar products in India, Singapore, South Asia, Middle-East, Africa and Turkey. Over the years, it has transformed from a volume player to a value player. Its offerings include PCs, Notebooks, Tablets, Printing Solutions, Servers, Storage, Software, Networking Solutions, Security Solutions, Smart Phones and Cloud. Established in 1993, it has constantly moved up the distribution value chain over the past thirty years and today, it is one of the most trusted distributors of products, services,…

Renowned for its clinical excellence and extensive range of specialised services, Ruby Hall Clinic in Pune stands as a beacon of exceptional medical care combined with personalised attention. Offering a ray of hope, restoration, and well-being to the community, patients entrust their most precious asset—their health—to this esteemed institution. Nestled within the bustling confines of a 600-bedded medical stronghold, Ruby Hall Clinic also boasts two satellite centres—a 120-bedded unit in Wanowrie and an 80-bedded unit in Hinjawadi. Extending its reach further, the hospital operates over 20 diagnostic centres across the nooks and crannies of Maharashtra and Karnataka. Within these walls, a dedicated team of over 4500 consultants, doctors, and support staff toil ceaselessly, delivering a wide spectrum of multidisciplinary healthcare services. From cutting-edge cardiac surgery, cancer treatment, and organ transplants…

Since its establishment in 2019, Stay Pattern Hospitality Services has been at the forefront of providing hotel and resort owners with exceptional operational, sales, and marketing solutions. With a commitment to innovation and customer satisfaction, Stay Pattern continuously introduces new services that bring happiness to clients. Stay Pattern has created a platform for corporate branding and offer exclusive services that cater to the needs of the exclusive business visitors. The team of experienced professionals are driven by a desire to succeed and deliver the best in the industry. Faheem Qureshi: A Visionary in Hospitality Professional Faheem Qureshi, the Founder and Director of Stay Pattern Hospitality Services, is a high-performing and strategicthinking professional with over 15 years of experience in marketing and communication, branding, PR, advertising, digital marketing, sales, and customer…

TimesPro, established in 2013, is a leading Higher EdTech platform dedicated to empowering the career growth of aspiring learners by equipping them with skills to rise in a competitive world. TimesPro's H.EdTech programmes are created to help learners meet the rapidly changing industry requirements and have been blended with technology to make them accessible & affordable. TimesPro offers a variety of created and curated learning programmes across a range of categories, industries, and age groups. They include employment-oriented early career programmes across BFSI, e-Commerce, and technology sectors; executive education for working professionals in collaboration with premier educational institutions like IIMs and IITs; and organisational learning and development interventions at the corporate level. TimesPro also collaborates with India's leading organisations across varied sectors to provide upskilling and reskilling solutions to boost…

With a remarkable 75-year legacy, Charak has emerged as a distinguished Ayurveda Pharma company, establishing a renowned brand: Vedistry. This brand has successfully added value to the lives of countless individuals by embracing the principles of Ayurveda. Vedistry, a pioneering Ayurvedic brand, is devoted to enhancing customers’ quality of life through its range of health care and personal care products. By blending the ancient wisdom of Ayurveda with modern science, Vedistry offers a range of carefully formulated products. Each product undergoes rigorous quality assurance measures to ensure both efficacy and safety, guaranteeing that customers receive only the best. Vedistry's range of healthcare brands, which includes KOFOL for respiratory health, DIPYA for digestive health, GO365 for joint support, Zzowin for restful sleep, and more, is thoughtfully designed to promote holistic well-being.…

Welspun Brand Welspun began with a vision, to offer quality products to consumers who desired branded bed and bath products at accessible price points. Since its launch, brand Welspun has grown steadily in a very short span of time, having garnered the widest distribution with 12,000+ stores and growing. Welspun is winning hearts with its innovative product line and consistent quality. According to AC Nielsen reports, we are the most distributed & visible brand in retail home textile. *(Retail census study 2021) Triumph of Celebration Welspun has built a legacy of home textiles with high quality and aesthetically appealing products to consumers. Brand Quotient At the heart of Welspun's success lies its customer-centric approach. The brand endeavors to deliver an unparalleled product experience, always keeping the best interests of its customers…

Almost every investor is aware that optimal asset allocation is at the secret to successful long term wealth creation. But in this journey, there are times when the portfolio needs to be rebalanced such that the original spirit of the asset allocation is not lost. However, it is often seen, that investors tend to overlook the importance of portfolio rebalancing. Here, we will try and understand why asset allocation and rebalancing of portfolio at periodic frequency is a necessary step. Historical data shows that asset allocation and rebalancing actually works and aids in reducing portfolio risk and helps make reasonable returns. To understand this, let us consider an investment made between December 2006 to December 2014. Here, the assumption is an investment amount of Rs. 1 lakh divided equally between…

Take a look at what's new in the business section of Amazon's bookshelf Busted Ashok Soota, Peter de Jager, Sandhya Mendonca (Aug. 2023) The book focuses on commonly accepted management principles and explains why these cannot be accepted as universal truths. It nudges readers to question, test and validate advices. Unlocking Unicorn Secrets Kushal Lodha, Ishan Sharma (August 2023) The book captures entrepreneurial journeys of some of India's newage founders and the challenges they faced. It covers themes like developing an idea, building out the minimum viable product, setting up the founding team, raising funds, etc. Upgrade Priyesh Khanna, Alasdair Ross (July 2023) The authors provide easy-to-apply methods for growth that can help people stand out from the crowd. These methods and exercises extend across professions and are aimed at…

1 WIDE RANGE OF SERVICES Travellers today prefer a single-point shopping experience with all travel products and services at one place. Online travel companies provide convenience, transparency and, most importantly, a comparison of prices and benefits offered by different service providers, helping their customers make an informed choice. 2 PERSONALISATION In today's times, technology has evolved so much that you can leverage data in a constructive way to offer solutions catering to individual preferences. Future technologies, like Chat GPT, and extensive data tools are being deployed to power personalised recommendations, curated itineraries and customised services. 3 DISCOVERABILITY OF THE UNEXPLORED Travel as a sector can be enriched only when discoverability and research for potential destinations become deeply entrenched with the service supply ecosystem. User reviews and curated content are increasingly offered in formats…