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Khazaen Economic City.pdf
1. Diversifying the Economy and Fostering Growth Through Streamlined Investments
CEO of Khazaen Economic City
Salim Sulaiman al Thuhli
KHAZAEN ECONOMIC CITY
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4. TABLE
OF
CONTENT
SUCCESS STORY
BEING VOLUNTEER
18
20
PAGE NO.
10
7
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GROWTH
SHOUBII CONSULTING
CULTURE
LIFESTLYE
24
44
40
48
TOURISM
32
ROOBAROO WALKS
36
MAATROM HR SOLUTION
28
Diversifying the Economy and Fostering Growth
Through Streamlined Investments
Khazaen Economic City
5.
6. Cover
Story
Diversifying the Economy and Fostering
Growth Through Streamlined Investments
Khazaen
Economic City
AnOverview
hazaen Economic City is an ambitious project
that stands as one of the largest public-private
partnership (PPP) land development initiatives
in the Sultanate of Oman. It is situated in
Barka, within the South Al Batinah Governorate,
and holds the distinction of being the largest
integrated economic city planned for development
in that region.
Strategically positioned close to Muscat, the capital city of Oman, Khazaen Economic City falls under the
purview of the Urban Strategy of the Ministry of Housing and Urban Planning. It is considered a crucial
part of the Greater Muscat area, specifically designated as a business and urban expansion corridor.
Khazaen Economic City enjoys excellent connectivity through a robust logistics network. It is conveniently
located within a 30-minute drive from Muscat Airport, allowing for efficient air transportation. Moreover,
it is only a 35-minute drive from Suwaiq Port and approximately a 2-hour drive from Sohar Port, providing
convenient access to maritime trade routes. These logistical advantages make Khazaen a strategic hub for
trade and commerce.
The primary objective of Khazaen Economic City is to bolster Oman’s economy by establishing a world-
class integrated economic city. The city’s development plans encompass various sectors, including an
inland dry port, two freezones with associated tax benefits, logistics and warehousing facilities, industrial
zones, commercial districts, residential areas, and mixed-use developments.
Salim Al Thuhli
CEO
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Kriti Anand | Business Connect
7. What sets Khazaen apart from other cities is its comprehensive approach to urban planning and development. It is designed to serve
as a gateway to the world, enabling Oman to harness its competitive potential and foster sustained economic growth. The city’s
integrated nature encompasses all essential components, including industrial zones, logistics infrastructure, and residential areas.
Additionally, Khazaen features a game-changing multi-modal transportation hub, facilitating the seamless movement of goods and
people.
Khazaen Economic City has successfully attracted a significant number of investors, marking its appeal as a lucrative investment
destination. To date, over 100 investment agreements have been signed, with a cumulative value surpassing 700 million USD. This
impressive achievement highlights the growing interest and confidence that investors have in the city’s potential.
One notable investor that Khazaen has attracted is the Global Warehousing Company (GWC), a prominent player in the GCC region
known for its extensive warehousing capabilities. Recognizing the potential in Oman, GWC has chosen Khazaen as its base to
establish and expand its business operations. With their vast experience and millions of square metres in warehousing infrastructure
across the GCC, their decision to invest in Khazaen is a testament to the city’s appeal and potential for growth.
Another significant investor is Naqel Express, a Saudi Arabian company that has recognised the opportunities in Khazaen Economic
City. Their involvement further strengthens the city’s appeal as a preferred investment destination. The inclusion of renowned
companies such as GWC and Naqel Express signifies the growing interest from established players in the region, further boosting
Khazaen’s reputation and credibility.
In 2021, the Wakud factory commenced operations within Khazaen Economic
City. This factory specialises in the collection of used cooking oils from
hotels, restaurants, and other establishments, recycling them into biodiesel.
The biodiesel produced by Wakud is utilised as fuel for trucks and buses,
contributing to sustainable transportation solutions. The establishment of
the Wakud factory demonstrates Khazaen’s commitment to environmental
sustainability and the promotion of eco-friendly practices within the city.
Moreover, Khazaen’s ability to attract investors from 16 different countries reflects the city’s global reach and influence. The diverse
origins of the investors underscore Khazaen’s broad appeal and the opportunities it offers to businesses from various parts of the
world. This international recognition further strengthens Khazaen’s position as a thriving business hub and showcases its capacity
to facilitate cross-border collaborations and economic growth.
Overall, Khazaen Economic City’s success in attracting a substantial number of investors, including major players like GWC and
Naqel Express, speaks to its appeal as a favourable investment destination. The presence of these investors, along with the operational
Wakud factory and the diverse backing from investors representing various countries, highlights Khazaen’s ability to foster economic
growth, sustainability, and global business engagement.
Why Invest in Khazaen
Khazaen Economic City presents many opportunities for investors seeking to
initiate their businesses in various sectors. The city offers dedicated zones
such as the Khazaen Industrial and Logistics Hub, Technology and Business
Park, Food City, Pharmaceutical City, Central Auto Market, commercial and
residential areas, and labour villages.
Investors looking to establish industrial and logistics operations will find the Khazaen Industrial and Logistics hub to be an ideal
location. It provides the necessary infrastructure and facilities to support manufacturing, warehousing, and distribution activities. It
aims to enhance Khazaen competitiveness on the global trade map, support national strategies by localising industries, strengthen
the internal supply network in the Sultanate and provide storage, handling, warehousing, and manufacturing solutions for investors
in the light and medium industries.
The Technology and Business Park within Khazaen Economic City caters to companies involved in technology, innovation, and
various service sectors. It offers a platform for research and development, IT companies, business process outsourcing, and other
knowledge-based enterprises. The city provides the necessary infrastructure, including reliable connectivity, power supply, and
modern amenities, to facilitate the growth of technology-driven businesses.
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8. Pharmaceutical City aims to attract investment in the
pharmaceutical and healthcare sectors. It offers a conducive
environment for developing, manufacturing and distributing
pharmaceutical products. The city provides the necessary
infrastructure, regulatory support, and access to a skilled
workforce to support the growth of the pharmaceutical
industry. In addition to achieving integration between
specialised and general services in the medical and
pharmaceutical sectors. It comprises medical laboratories
and advanced research centres, pharmaceutical and medical
supplies factories and a specialised centre to store, distribute,
and import medicines and medical equipment.
For automotive businesses, the Central Auto Market within
Khazaen Economic City serves as a dedicated trading hub.
It offers state-of-the-art facilities, showrooms, and logistics
support to cater to the automotive industry’s needs. The
city’s infrastructure supports the buying, selling, and trading
of vehicles, promoting a vibrant automotive marketplace.
In addition to the sector-specific zones, Khazaen Economic
City features commercial and residential areas, providing
opportunities for investors interested in retail, hospitality,
and real estate development. The city is designed to offer a
balanced and sustainable mix of commercial and residential
spaces, creating a vibrant urban environment.
To support the workforce requirements of the various
industries, Khazaen Economic City includes labour
villages. One of the solutions proposed by smart cities is to
reduce road congestion as it mediates every logistics and
industrial square. These villages provide accommodation
and essential facilities for workers, ensuring a comfortable
living environment. An investor has already signed up for
the development of the first labour village, with the initial
plan to accommodate around 2,500 labourers. This initiative
demonstrates the city’s commitment to supporting the needs
of businesses and providing comprehensive solutions for
their operational requirements.
Khazaen Economic City offers a wide range of investment
opportunities across various sectors. With its well-developed
infrastructure and sector-specific zones, the city provides a
conducive environment for businesses to thrive. Whether
in industrial and logistics, technology, food processing,
pharmaceuticals, automotive, or other sectors, investors can
find the necessary infrastructure and support to establish
and expand their ventures in Khazaen Economic City.
It’s important to note that the Khazaen Dry Port operates on
a Public-Private Partnership (PPP) model, with ownership
lying in the private sector. This approach leverages the
expertise and resources of the private sector to develop and
operate the dry port, promoting efficiency and effectiveness
in cargo handling and distribution. Khazaen Dry Port is
the first integrated international dry port in the Sultanate.
It will link various seaports, commercial, and industrial
areas. It is considered a main pillar in the city due to its
importance to enhance the integration of logistics solutions
for investors.
Food City is specifically designed to support Oman’s food security strategy by localising
investments in the food sector and providing a comprehensive ecosystem for agri-
businesses, food manufacturing, storage, packaging, and distribution. Investors in
this sector can take advantage of the city’s infrastructure, including specialised
facilities, logistics support, and a favourable business environment to establish and
expand their food-related enterprises.
The International Logistic Park, supported by the Khazaen Dry Port, stands as a
central and vital component of the logistics sector within Khazaen Economic City.
This park serves as a key hub for the efficient movement and management of
goods, providing comprehensive logistics services to businesses operating within
the city. It facilitates seamless connectivity between different transportation
modes, enabling the smooth flow of goods both domestically and internationally.
The Industrial Centers within Khazaen Economic City play a crucial role
in attracting and accommodating various industries. These centres provide
specialised infrastructure and facilities tailored to the specific needs of different
industrial sectors, fostering a favourable environment for manufacturing,
production, and related activities.
To support the trucking industry and ensure the smooth operations of goods
transportation, a Truck Rest Area is established within Khazaen Economic City.
This area offers designated spaces for truck parking, rest facilities for drivers,
and associated services, ensuring the efficiency and convenience of trucking
operations.
The Khazaen Fruits and Vegetables Central Market is currently under construction
and is scheduled to open in the first quarter of 2024. This market serves as an
integral part of the Food City within Khazaen Economic City. It aims to centralise
and relocate all wholesale activities and central cold stores from the existing
market. By consolidating these activities in a modern and purpose-built facility,
the market contributes to the objectives of the national strategy for food security.
The project involves an agreement signed with the Muscat Municipality in May
2021, outlining the transfer of wholesale activities and central cold stores to the
new venue.
Each of these key anchor projects plays a vital role in fostering economic growth,
supporting specific industries, and meeting the needs of businesses and the
community.
Conclusion
Khazaen Economic City offers an ecosystem that streamlines
the investment journey, providing integrated components to
facilitate the successful establishment and expansion of projects.
To further enhance the investment process, Khazaen has planned
the establishment of a one-stop shop within the city. This
dedicated facility aims to attract investors of all categories by
simplifying procedures and expediting services, enabling faster
approvals, permits, and licences for businesses to commence
operations promptly.
In addition to the streamlined processes,
Khazaen Economic City provides attractive
incentives to entice investors. These
incentives include grace periods, exemption
from technical and administrative fees,
43-year leaseholds, tailored lease and
ownership solutions, and competitive land
costs. Such incentives offer flexibility to
investors in developing and managing their
projects, enabling them to optimise their
operations and maximise their returns.
By attracting investments and fostering
economic growth, Khazaen plays a
significant role in diversifying the national
economy and contributing to the country’s
GDP. Upon completion, it is expected that
Khazaen will contribute around 2-3 per cent
to Oman’s GDP, reflecting its substantial
impact on the overall economy.
Furthermore, Khazaen Economic City aligns
with government initiatives and actively
supports the In-Country Value (ICV)
program. By promoting the participation
of the private sector and building national
capabilities, Khazaen creates new
commercial opportunities for small and
medium enterprises (SMEs) and generates
employment opportunities for the local
population. This commitment to inclusivity
and socio-economic development
contributes to the overall growth and
prosperity of Oman.
In terms of international trade, Khazaen
benefits from free trade agreements. These
agreements, such as the Gulf Cooperation
Council Free Trade Agreement (GAFTA),
thefreetradeagreementwithSingapore,and
the United States, enhance the city’s global
connectivity and provide access to broader
markets. This favourable trade environment
further strengthens Khazaen’s appeal as an
investment destination and opens doors to
increased trade opportunities for businesses
operating within the city.
In summary, Khazaen Economic City
offers an investor-friendly ecosystem
with streamlined processes, incentives,
and a forthcoming one-stop shop. It
contributes to the diversification of
Oman’s economy, and anticipated GDP
growth, and supports government
initiatives, including ICV. Additionally,
the city’s strategic location and free
trade agreements create opportunities
for enhanced international trade and
economic cooperation.
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9.
10. Meet
The CEO of Walmart
Biggest Retail Chain of the World
17th richest person in the world with a net worth of USD 62.5 billion, Jim Walton is an American
businessman and the youngest son of Walmart founder Sam Walton. Currently, he is the Chairman and
CEO of his family owned Arvest Bank Group, Inc. Let’s know more about him.
There is only one
boss-the customer.
And he can fire
everybody in the
company from
the chairman on
down, simply by
spending his money
somewhere else.-
Sam Walton, Jim’s
father.
“
“
Quick Facts
• Name: Jim Carr Walton
• Nationality: American
• Net Worth: USD 62.5 billion (2022)
• Education: Bentonville High School Arkansas, B.A. in mar-
keting from University of Arkansas Fayettevill,
• Occupation: Businessman and Stock Trader
• Designations: Chairman And CEO, Arvest Bank Group,
Inc.
• Date of Birth: June 7, 1948
• Age: 74
• Place of Birth: Newport, Jackson County, Arkansas
• Marital Status: Married
• Spouse’s Name: Lynne McNabb
• Children: 4
• Spoken Languages: English,
• Hobbies: Reading, Watching Movies and Travelling
Early Life
James “Jim Carr” Walton was born in Newport, Arkansas, on
June 7, 1948. Jim Walton, who has 3 siblings, is the third child
of Sam Walton, a co-founder of Walmart, and Helen Walton.
Since the beginning, Jim had a gifted personality, which
he displayed while attending Bentonville High School and
holding the office of class president for his junior year. He
joined the football team after graduating from high school and
excelled there, earning all-state honours while also learning
how to fly. His father’s company, Walmart, hired him as an
entry-level employee when he completed this and graduated
with a BA in marketing. He then joined the University of Ar-
kansas in 1971. After four years of experience, he transferred to
the family firm, Walmart Enterprises, in 1975, having gained a
wealth of knowledge about the industry.
John Walton, Jim’s brother, was Walmart’s director, and his
death in 2005 left the family in a state of turmoil. Jim, however,
was picked to fill the role because of his skills and background
working for the company.
Career of Jim Walton
On September 28, 2005, Walton took John’s seat on the Wal-
Mart Board of Directors after John passed away. He presently
serves on the finance and strategic planning committees. Before
taking over as chairman of his family’s Arvest Bank, he served
as CEO of the institution. He also served as chairman of Com-
munity Publishers Inc. (CPI), a newspaper company founded
by his father Sam Walton after he bought the Benton County
Daily Record, which is published in Arkansas, Missouri, and
Oklahoma. Together with his siblings, he donated about $2 bil-
lion to the Walton Family Foundation between 2008 and 2013.
The Baton Rouge Advocate, a local newspaper in Louisiana’s
capital city of Baton Rouge, reported in 2015 that the PAC
Empower Louisiana has given $818,00 to candidates for the
Louisiana Board of Elementary and Secondary Education who
support the Common Core State Standard Initiatives.
According to reports, Walton owned about $11 billion worth
of Walmart shares as of September 2016. Jim Walton has a net
worth of about USD 62.5 billion in the year 2022.
Walmart
Sam Walton, father of Jim Walton, entered a management
training programme at the J.C. Penney Company in Des
Moines, Iowa, after earning his economics degree from the
University of Missouri (1940). In Newport, Arkansas, he
established his own Ben Franklin variety (five-and-dime) store
in 1945. Five years later, he moved the business to Bentonville,
Arkansas.
By the early 1960s, he and his brother James were running
a regional chain of Ben Franklin stores. When the company’s
officials rejected his idea for a new discount store chain based
in small towns, Walton made the decision to launch the chain
on his own. In 1962, he established the first Walmart loca-
tion, known as Wal-Mart Discount City, in Rogers, Arkansas.
This store provided a wide range of goods at low rates in an
unpretentious atmosphere. (In 2018, the company’s name was
changed to Walmart)
With more than 11,000 stores both domestical-
ly and abroad, Walmart has been a publicly
traded company since 1970. Nearly 1.6 million
Americans were employed by Walmart as of
2022. With a projected net worth of $238 billion
in 2021, the Waltons are regarded as the richest
family in the world. Half of the shares of
Walmart are collectively owned by Jim Walton
and other Sam Walton heirs.
Arvest Bank Group
Arvest Bank Group, a Walton-owned regional
bank that runs more than 260 institutions in
more than 100 cities throughout Arkansas,
Missouri, and Oklahoma, is now led by Jim
Walton as chair and CEO. By acquiring the
Bank of Bentonville in 1961, the Bank of Pea
Ridge in 1963, and the First National Bank &
Trust Company in 1975, the Walton family
founded Arvest. By acquiring 29 local Bank
of America stores, Arvest expanded in 2013.
Arvest Bank Group was the largest bank in
Arkansas by deposits as of 2022 and one of the
largest in Oklahoma by the number of branch-
es. Its assets exceeded $20 billion.
Jim Walton’s Personal & Fami-
ly Life
The couple, Jim Walton and Lynne McNabb
Walton, have four kids together. As of right
now, Jim resides in Bentonville, Arkansas,
with his family. Jim dislikes being in the spot-
light since he is a shy person.
Although he has no direct involvement in
politics, he is well known for his support of
Jason Rapert and other politicians that hold
White Supremacist views.
19
18
www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
11. Kailas Narawade, The Social Leader Behind the Initiative to Nurture
Volunteerism amongst Individuals at Being Volunteer Foundation
Social service has always been perceived as a resource for
old people and companies with plenty of money. The Being
Volunteer Foundation was established in 2014 with the aim
of nurturing volunteerism among those who have an interest
in serving the community in order to dispel this belief and
promote volunteering.
As the Executive Director, Kailas Narawade is the driving
force behind the initiative, effectively engaging in activities
including river cleaning, cleaning up historic sites, assembling
and distributing solar lamps, collecting raddis, and planting
and caring for trees. Their vision is to build a country where
the two extremes of society—the “haves” and the “have-
nots”—cooperate to create a lovely place to live.
A highly inspirational and dedicated leader in the space of
social work, Mr Narawade has over 14 years of experience
in the field of social work. He has been instrumental in the
establishment and expansion of many well-known NGOs
working on corporate social responsibility projects for
a variety of social causes. He has additionally handled
activities ranging from planning to setting up volunteer
bases, fundraising, PR, events, and presentations. He has
also developed organisations, conducted research, built
capacity, and overseen the end-to-end management of social
programmes and NGOs.
Being a Volunteer was founded in 2014 by a group of young
professionals who had previously worked for various
humanitarian causes. The goals were to foster volunteerism
among those who were interested in giving back to society,
connect people and CSRs together on one platform, and
involve them in worthwhile social activities.
The organisation is making great progress towards its mission
of creating a culture of volunteering by offering novel options
for volunteer engagement. They have so far effectively
partnered with more than 28000 volunteers, and their work
has extended to include livelihood, education, sanitation, the
environment, and healthcare.
They adhere to the belief that “Every individual has an inbuilt
urge to do something for another creature. Since I raised
awareness about the need for more widespread volunteerism
in a nation like India and I really believe that every person has
a natural desire to help others, I basically conceptualised this
organisation,” the magnificent man explained.
While striving for social welfare, Being a volunteer takes
care of employees too. The organisation acknowledges
its employees’ excellence in their performance and their
efforts leading to people’s development. Employees of
Being Volunteer love the organisation’s workplace for a
multitude of positive reasons. The foremost attraction is
their flexibility and freedom to work at their convenience.
Further, the organisation has consciously made recognition
and career development their focal points.
Light-up Lives: Empowering Sustainable Livelihood
Sustainable livelihoods are a serious issue on the global level,
except in a few developed nations. India and other developing
nations require long-term programmes for generating income
in order to lift the general populace out of poverty and
improve their standard of living. The ability to earn enough
money to support one’s lifestyle is referred to as livelihood.
There are many different ways to make a living nowadays, but
they are neither reliable nor steady. Sustainable Livelihood
develops a mindset of disruption for sustainable growth,
encourages the recipient to create a stable income, and brings
root-level transformation to the needy person by making them
self-sufficient to earn for their lives.
Light-up Lives built a number of livelihood micro businesses
around the state of Maharashtra during its journey, and it
planned to expand them across India in the years to come,
benefiting the impacted individuals and communities and
assisting them in generating sustainable living income.
ISEWA: Fostering Social Leadership Worldwide
In order to lead effectively in the social sector, which is a
large field of work, it is crucial to consistently acquire new
things and improve existing skills. Different facets of theory
and fieldwork require additional instruction and practice
in order to be incorporated into daily functioning while
promoting progress. This need will be met by ISEWA, an
organisation dedicated to creating social leaders.
The ISEWA programmes are created to meet the needs of a
variety of people, including volunteers and business owners,
who are interested in or already work in the social sector, are
studying there, or are both. The ISEWA (Institute for Social
Entrepreneurship and Welfare Advancement) emblem, which
features the colours blue and green, symbolises service and
growth for both individuals and society as a whole.
“We want to build leaders who take society in the direction of
stable progress, developing more leaders along the way, leading to a
sustainable model of growth and development,”, the inspirational
leader further added.
A Phenomenal Social Leader—Kailas Narawade
Kailas Narawade is one of the most dedicated and well-
known people in the world of social welfare. He is the first
person to reach out for assistance and support various social
issues for more than 14 years after he completed his master’s
in the field of social work.
Throughout his incredible journey, Kailas has consistently
been observed coming up with innovative ideas for various
social initiatives. His devotion inspired him to found Being
Volunteer, which has grown to over 10,000 volunteers
working on 30 different social cause projects to help the
affected people. He started another organisation called Light-
Up Lives during the pandemic, and its main objective is to
give people in pandemic-affected communities alternatives
for sustainable livelihood, focusing on stopping migration by
providing local livelihood opportunities, especially to small
and marginal farmers.
In addition to social programmes, he established the “ISEWA”
institute with the goal of fostering social leadership on a
larger scale, which is in dire need in society right now. The
social leaders that ISEWA will produce will be intellectually
and practically prepared to deal with today’s social problems.
20
www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA 21 www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
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23 www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
13. 1. Occidental Petroleum Stock
According to MarketSmith analysis, the Warren Buffett stock is
now in a buy zone after earlier crossing the 72.14 buy threshold
from a cup-and-handle base. The shares are trading substantially
above their 200-day moving average and above their 50-day
line, both bullish indicators.
The relative strength line is also close to highs, which strengthens
the positive picture. This contrasts the performance of a stock
with the S&P 500. The stock has increased by around 133% so far
this year, far outpacing the general stock market.
Even if price performance is exceptional, earnings are also
rising. The stock now has an EPS Rating of 81, and the company
revealed last week that earnings increased by 18% in the most
recent quarter. The oil producer also revealed that while output
was largely flat in the third quarter, it returned over $2 billion
to investors. OXY said that thus far in 2022, it had given $2.6
billion in dividends to its stockholders. In the third quarter,
Occidental Petroleum reported capital expenditures of $1.1
billion and output of 1.18 million barrels of oil equivalent per
day, an increase of less than 1% from Q3 2021.
Warren Buffett is a big Occidental lover. According to SEC
filings, his company Berkshire Hathaway has grown its OXY
investment to 20.9%, with warrants that could increase the
stake to more than 25% of outstanding shares. This comes after
Berkshire was given permission on August 19 by the Federal
Energy Regulatory Commission (FERC) to acquire up to 50%
of the energy giant. Given Berkshire Hathaway’s value-driven
DNA, though, it “could require a huge decrease in oil prices
to motivate an acquisition of that scale,” according to a Wall
Street Journal story.
Occidental Petroleum, situated in Houston, is one of the top
S&P 500 performers, and oil and gas companies have routinely
outperformed the 2022 market. Fuel costs have increased as a
result of inflation and Russia’s invasion of Ukraine in February,
which has benefited the economy. However, since reaching a
high in June, crude oil prices have fallen sharply, with a recent
low of $85 per barrel.
The company’s main operations in oil, natural gas liquids,
and natural gas have not yet been affected. The heavyweight,
on the other hand, has a petrochemicals division that has had
trouble ever since the collapse of home sales.
One of the top three suppliers is the branch of Oxychem
that manufactures PVC pipe. This chlorinated hydrocarbon
is manufactured from salt and natural gas, and it is used in
plumbing.
2. Teladoc Health
This year, the stock price of Teladoc Health (NYSE: TDOC) fell
63%. With two-billion-dollar non-cash goodwill impairment
charges, the pioneer in telemedicine let investors down.
Investors’ worries about the business’s lack of profitability
increased as a result.
to buy before
2023
The conventional wisdom about investing has mostly changed over the past year, but one thing hasn’t: The finest value
stocks on Wall Street are still a popular choice for long-term investors. And that’s probably going to continue as 2023
approaches. The S&P 500 is in a bear market and has lost almost 17% so far this year. Markets for energy are being
disrupted by the ongoing conflict in Ukraine. Furthermore, substantial changes in interest-rate policy continue to
undermine investment methods that have been successful for a number of years.
But investing has this drawback. Thinking beyond the obvious chances and using a holistic approach that will produce
results in even the most difficult settings are crucial if you want to advance in life. This entails looking beyond the
formerly popular growth investments to value stocks that, despite recent turbulence, still have long-term upside.
Companies with strong balance sheets that consistently return cash to shareholders through dividend payments rather
than making aggressive investments in business expansion make up the less-flashy value stocks. Here are the top five
value stocks to purchase right now in light of that. The stocks included here all have above-market dividend yields and are trading at
significantly lower share prices or at significantly lower valuations than they were at the beginning of the year. As we get ready for
the new year, it would be wise to take a closer look at the high-quality value investments of this type.
5
T
o
p
Stocks
25
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Growth
Puja| Business Connect
14. However, Teladoc may have passed through its most
challenging period. Teladoc’s net loss decreased in the third
quarter. Revenue and customer visits increased by double
digits. Additionally, Teladoc reported that the average
deal size today is around 50% larger than it was a year ago.
Companies hampered by the current economic climate and
coronavirus disruptions have taken longer than anticipated
to complete their Teladoc initiatives. These problems are
transitory. Teladoc can have a noticeable recovery when
things get better. As of right now, the business has succeeded
in growing the number of American members.
3. Vertex Pharmaceuticals
One of the year’s top stock market performers is Vertex
Pharmaceuticals (NASDAQ: VRTX). The shares have
increased 38%. Vertex, however, might only be getting
warmed up. That’s because the business is going through
a significant shift right now. The biotech company already
holds a commanding position in the cystic fibrosis (CF)
therapy industry. Each year, the CF portfolio generates
billions of dollars in sales and profit. However, Vertex is set to
diversify into yet another important therapeutic field.
Regulators in the US, EU, and UK will get the beta thalassemia
and sickle cell disease candidate that Vertex and partner
CRISPR Therapeutics are filing this month. The product could
launch soon if everything goes according to plan. Vertex
therefore faces a clear catalyst.
4. General Motors
After dropping below a cup-with-handle base optimum entry
point of 40.20, MarketSmith research reveals that GM stock is
now barely below the purchase zone. Even if a large portion of
the base formed below the crucial 50-day moving average, the
GM stock is once again above it. Around the 200-day line, GM
precisely constructed the handle. After taking a recent drop,
the RS line is now moving forward once more. However, it is
down from year highs.
Earnings growth and stock market success are roughly
parallel. Despite recent gains, the stock still needs to recover
its losses from the year before. In the most recent quarter,
General Motors ended a four-quarter streak of dropping
earnings. Earnings at GM increased by 48% to $2.25 per share,
exceeding analyst expectations. Although revenue increased
by 56% to $41.889 billion, it fell short of Wall Street projections.
General Motors still expects full-year EPS of $6.50 to $7.50
despite the significant Q3 beat. Continued expectations
include automotive free cash flow of $7 billion to $9 billion and
wholesale volumes that are 25% to 30% higher. GM’s full-year
profits per share are now projected by Wall Street to be $7.10,
up 0.4%. The stock has recently seen large-scale purchases, as
seen by its B- Accumulation/Distribution Rating. Funds hold
a total of 48% of its stock.
The N, which stands for New Products, is an important
component of the CAN SLIM formula that GM is pursuing.
By 2035, GM has stated that it intends to gradually stop selling
ICE light vehicles. According to CEO Mary Barra’s latest letter
to shareholders, GM will talk about the “rapid scaling of our
EV portfolio” at an investor day on Nov. 17. An EV ramp is
essential for General Motors as it competes with Tesla (TSLA).
Through 2024, GM plans to sell 400,000 electric vehicles in
North America. However, its expensive new Hummer and
Lyriq EV vehicles sold fewer than 500 units combined last
quarter, with the majority of its EV sales coming from an older
but updated Chevrolet Bolt model. The car manufacturer
wants to roughly 60% expand Bolt EV output the next year.
The first all-electric Silverado truck, Blazer SUV, and Equinox
SUV crossover will all go on sale in 2023 under GM’s
Chevrolet brand, which is renowned for its affordability.
The auto industry’s expectations are closely watched, along
with earnings. Due to rising interest rates and growing
recessionary fears, investors and industry observers are on the
lookout for any indications of lower demand. Demand is still
robust, according to GM CEO Mary Barra, who echoed past
assertions made by GM and Ford management.
5. Moldtek Packaging
In terms of rigid plastic packaging, the business dominates the
Indian market. It creates containers for food, paint, lubricants,
and other items that are injection moulded. ITC, HUL, Asian
Paints, Nestle, Britannia, and other notable companies are
among the company’s major clients. This month, Vertex and
partner CRISPR Therapeutics are submitting their potential
treatment for the blood disorders beta thalassemia and sickle
cell disease to regulators in the United States, Europe, and the
United Kingdom. The product may launch soon if everything
goes according to plan. Thus, Vertex will soon experience a
definite catalyst. By the start of the financial year 2024, the
company will expand its Daman facility by building a second
one to meet the expanding food and FMCG demand in the
Western region.
The Sultanpur, India, facility that will produce IBM products
as well as injection-blow-molded pharmaceuticals, cosmetics,
and over-the-counter (OTC) goods will be operating at the
same time. In addition, its pilot facility will begin operating
in September–October 2023 to make over-the-counter (OTC)
products. A significant order for the OTC product has already
been placed with the company by an FMCG company.
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15. I
t has become increasingly difficult to find the right talent,
which has led to financial loss and “other harm” to
businesses. While companies scramble to find the ideal fit,
Maatrom HR Solution, on the other hand, is strengthening
its efforts to serve clients with top-notch recruitment services
and enrich their businesses.
Maatrom offers a full range of HR solutions, beginning with
recruitment to organisational development operations including
the entire HR Process, Performance Management, Training and
Development, Staffing, Employee Onboarding with Multiple
Processes, Payroll and Mandatory HR, and other related tasks.
Its multi-process services dismantle the invisible barriers that
exist between employers and employees and aid businesses in
meeting their needs.
Since its inception in 2015, Maatrom has always been at the
heart of personalized staffing solutions as an unequivocal leader
in providing impeccable staffing-related services. The sole
intention and mission of being a world leader in matching the
demand for and supply of Human Resources and HR services
under the aegis of M. Mahalakshmi Ambuli has anchored
Maatrom’s presence firmly as a global HR service provider
with a range of services across all industry verticals like IT,
Manufacturing, Architecture, Interior design, Banking and
Finance, Automotive, retail, education, and training.
The Beginning – Maatrom’s Tale of Incorporation
After completing her engineering degree at the College of Engineering in Guindy (Anna University) and working as an
environmental engineer for a few years, M. Mahalakshmi decided to pursue an MBA with the hope of starting her own business
and influencing the careers of many others. Soon after marriage, she travelled to join her husband, who had been assigned to
work abroad. There she got the opportunity to work for a few years in multicultural contexts in many American cities, including
Minneapolis, Detroit, and Atlanta. This gave her the experience and self-assurance to work with people from all backgrounds
and sectors. She worked as an HR manager in a variety of industries after returning to India, including IT, manufacturing, and
interior design.
The inspiring woman took the initiative to start “Maatrom HR Solution” in 2015, giving wings to her dream and giving young
people a platform to learn, grow, and innovate through Maatrom in their journey to become successful HR professionals with a
positive attitude, helping to shape today’s workforce. Her start-up was supported by her family and was based on concepts and
knowledge derived from insights gathered over two decades of domestic and international experience.
Industry Evolution Over the Years
The HR sector has undergone significant change in the last few years. In the past, HR mainly served as a supportive role,
handling administrative and payroll tasks. Today, HR is a strategic business partner, participating in key corporate decisions
and board meetings.
A One-Stop Destination for a Comprehensive Range of Person-
alized HR Solutions
Mrs. Mahalakshmi Ambuli
Founder & Director
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Mahalakshmi’s Take on the Significance of R&D
In today’s fiercely competitive business world, investing in R&D services can be essential to a company’s success and growth.
R&D services can assist businesses in innovating and creating new services, cutting expenses, raising revenue, gaining a
competitive edge, and achieving long-term success.
The Primary Marketing Tactics to Assure Constant Growth
Maatrom has crafted its unique marketing plans to compete in the market and set itself apart. Their primary branding
techniques include content advertising, digital marketing, and social media marketing, which involves writing blogs, generating
advertisements, and promotion on social media platforms like YouTube, Facebook, Instagram, Linkedin, and WhatsApp in
order to raise brand awareness and encourage sales. The team actively works on the SEO approach, focusing on target-based
campaigns and on-page and off-page optimization, aimed at obtaining Google reviews.
Highlights of Maatrom’s Innovative Work Culture
• Flexible work schedules help both male and female employees maintain a healthy work-life balance.
• 80% of employees are women, and 20% are men.
• Employees are allotted work based on their inclination and interest, apart from their skills.
• Open communication and job rotation
• Performance-oriented (Employee recognition program)
• Employee development: employees learn, grow, and innovate.
• Zero tolerance for unfair practices.
• Workplace: fun and cooperative.
Sharing her insight on leadership, Mahalakshmi asserted,
A leader is the one who leads by creating energy, encouraging them, and
instilling eagerness in people. A leader is well-liked, inspires people, and appeals
to people’s emotional side.
“ “
Expansion Binge
Envisioned to become a global HR service provider, fulfilling the expectations of all customers, Maatrom has grown exponentially
over the years. It has received numerous awards and recognitions from reputable publications. Overall, the journey has been
tremendous. The company is further planning to expand its staffing services to the US, Dubai, and Singapore. In the next five
years, they see themselves as a global HR service and solution provider to clients across the world.
Words of Wisdom
As an entrepreneur, you will have a lot of challenges, competition, and disappointments; you have to face them with a positive
attitude, self-belief, Self-confidence, Hard work, and continuously enhance your knowledge of current trends in your respective
businesses. Always Have a dream or goal for yourself or your business and achieve it. Nothing is impossible in this world. Don’t
Give up.
29 www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
16.
17. 32
www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
Hacks to Book Cheap
Flight Tickets
Concerned about the cost of the flight tickets? Well, looking for and purchasing in-
expensive airline tickets might be tiresome. However, if you use specific tricks, you
may potentially save a lot of money on airline tickets. If we’ve piqued your interest,
continue reading to get all the advice that will enable you to purchase the cheapest
plane tickets.
1. Make Early Reservations For Flights
One of the most common pieces of advice when it comes to booking a flight is to do it in advance. It is supported by some very
compelling logic. The demand for the specified location for the specified dates rises as the days draw closer. You should plan your
flights at least 6 to 8 weeks in advance, if not more. Booking your flights in advance is absolutely vital if you are considering an
international trip. This is one of the most commonly used International Flight Booking Hacks. You also need to organise your visa,
travel insurance, and other crucial travel paperwork before going abroad. You must have sufficient time available for the same. As a
result, you must schedule your flights in advance. The other travel documentation that will assist you expedite the procedure can be
obtained once you have your flight ticket in order.
2. Subscribe To Airline Newsletters
Newsletters on cheap flights are worth the spam. They hunt down the best flight prices on the web and compile them for you! They
essentially do the laborious work. Again, flexibility is required to fully benefit from the offers sent through these services because
sometimes they are only valid for a short period of time and might not always include deals to your desired location. Yes, 99% of
them might not work for your schedule, but paying attention to the discounts will make sure you don’t miss a great one. In addition,
frequent flyer bonuses are frequently offered in airline mailings. If you frequently travel, these bonus offers can help you earn some
fantastic upgrades and free flights. The Flight Deal, FlyerTalk Mileage Run Deals, Airfarewatchdog, Secret Flying, and Scott’s Cheap
Flights are a few of the top airline newsletters you should subscribe to.
Tourism
33 www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
as the best seasons for travellers to visit. You can travel to
Himachal Pradesh, for instance, both in the summer and the
winter. Although the northern state’s summer is often its
busiest season, winter is also seen to be a wonderful time to
come because of the lower tourist volume. They are friendly
and have advantages that will make you happy.
4. Check For Round-Trip & One-Way Flights
It’s a general misconception that round-trip tickets are less
expensive than one-way flights, but that may not always be
the case. Finding individual one-way tickets has (many times)
proved to be significantly less expensive than round-trip prices.
For instance, JetBlue and Southwest only charge for one-way
tickets; the cost of a round-trip flight is simply the total of the
two one-way fares. Finding separate one-ways at the best price
is easy using Google Flights.
5. Explore All Of The Travel Search Engines
Another crucial step you should do when booking a flight
is to look over all of your possibilities. An airline ticket is an
expensive luxury, so finding a cheap bargain would be beneficial
to your finances. You must use travel search engines like Inter
Miles, Expedia, Skyscanner, etc. for the same. One benefit of
using these search engines is that they provide a listicle with
all the flight information you need to make a decision. You
can compare the ticket costs for your journey destination as
indicated by each airline by having a list of all flights in front
of you. Also, you can check to see whether any certain airlines
outperform the competition in terms of services, advantages,
miles, and other things. Also, you may verify that the costs are
within your pricing range while buying a flight.
6. Search The Flight In Other Currencies
Have you searched to see whether it would be less expensive to
purchase that flight in a different currency before you buy it? Or
use the currency of the place you are leaving from or travelling
to. Budget airlines frequently, but not always, require that you
pay in the currency of the nation from which you are flying.
The majority of airlines will offer a currency change option on
the page. Make sure you are incognito and that your device’s
location settings are off, or that a VPN is active, before you do
this. Booking a flight and paying in a different currency could
save you a significant amount of money, but only if you’re using
a credit card with no international transaction fees! Otherwise,
all of your efforts to save money while doing this will be in vain!
7. Before Buying A Flight, Delete All Of Your
Browser’s Cookies.
Here is a useful flight booking tip that will enable you to find a
great deal without being discouraged by the internet. Browser
cookies frequently keep track of all the online browsing you
perform and notify the relevant page.
The travel sites are informed about what you’re looking for over
repeated searches on the same subject. Through the process, they
end up reflecting to you an inflated price structure. Therefore,
it would be preferable to erase the browser cookies in order to
prevent obtaining a flight ticket at an inflated price. You’ll then
get the best flight ticket costs to use for booking.
8. Go For An Early Or Late Flight.
When making flight reservations, timing is crucial. Your wallet
will thank you for booking in advance. But the booking time
isn’t the only factor to consider; the flight time is also crucial.
You may have observed that some airline flights with strange
schedules, such as those that take off very early in the morning
or land very late at night, have very inexpensive tickets. Have
you ever questioned why airfare prices are so low during such
weird hours? It is fairly easy to draw the conclusion. Nobody
enjoys travelling at strange times. People decide against booking
flights at unusual hours due to the numerous issues that they
raise. But if you want to book a cheap flight, this is one of the best
tricks you can use. Yes, there are a few potential annoyances.
However, keep in mind that you are also reserving a cheap
flight for yourself while making significant financial savings.
3. Plan Your Journey During Off-
Season:
Be flexible with the destination and the time
of year you wish to travel when making
flight reservations. Every travel destination
has a certain travel season. During the
busiest times of year, everything related to
tourism is extremely expensive, including
flights, hotels, and other tourist attractions.
One of the best times for airlines to profit
from flights to a certain location is during
peak seasons. Intriguingly, a seasonal airline
operates flights from the UK to Goa from
October through December because it is
the busiest time of year. Even on the global
market, there is a great demand for flights to
Goa at this time. Similarly, around Dussehra,
Kolkata ticket costs increase due to an
increase in travellers scheduling trips there.
You may need to accept the possibility that
you won’t be able to travel to your favourite
location during its prime season if you want
to avoid overspending. One of the best
things about some travel places is that there
are numerous times that are acknowledged
18. The money you save can be spent in the tourist location on other enjoyable activities. When travelling abroad, don’t just rely
on well-known airlines. Some airlines you probably haven’t heard of often offer the most affordable prices for transatlantic
flights. Check out WOW Air, Norwegian, and XL Airways France, advises Keane.
FAQs
Q.1- What Are The Tricks To Book Cheap Flight Tickets In India?
1. Make early reservations for flights
2. Subscribe to airline newsletters
3. Plan Your Journey during Off- Season:
4. Check for Round-Trip & One-Way Flights
5. Explore all of the travel search engines
6. Search the Flight in Other Currencies
7. Before buying a flight, delete all of your browser’s cookies.
8. Go for an early or late flight.
Q.2- What Are The Flight Ticket Hacks?
1. Before buying a flight, delete all of your browser’s cookies.
2. Subscribe to airline newsletters
3. Follow airlines on social media
4. Buy separate tickets for big groups
5. Avoid booking over the phone
6. Visit the airline’s website directly
Q.3- How Can I Get Big Discounts On Airline Tickets?
Flexibility of timing is a key factor in order to get big discounts on airline tickets. When making flight reservations, timing is
crucial. Your wallet will thank you for booking in advance. But the booking time isn’t the only factor to consider; the flight
time is also crucial. You may have observed that some airline flights with strange schedules, such as those that take off very
early in the morning or land very late at night, have very inexpensive tickets. Have you ever questioned why airfare prices are
so low during such weird hours? It is fairly easy to draw the conclusion. Nobody enjoys travelling at strange times.
34
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19. RoobarooWalks
CRAFTING A DISTINCTIVE APPROACH TO
EXPLORING VIBRANT CULTURAL HERITAGE
AND ANCIENT MONUMENTS IN INDIA
Experiences
that encapsulate
the sum total of
generations!
“
“
Endowed with breathtaking natural beauty, a rich cultural
legacy, enduring constructions, incredible scenery, and stunning
sculptures, India beckons you for a lifetime travel experience.
Conceptualising, redefining, and curating an unparalleled
discovery experience for the historical, well-being, and
cultural concepts of India through storytelling and hands-on
engagement is Roobaroo Walks, a well-conceived venture of
Anchal Sachan and Aayush Rathi.
Incorporated in the year 2015 in Varanasi, the experiential travel
company has since led over 20,000 tourists from 45+ different
nationalities on more than 8000 ‘Heritage Experinces’ with
the belief that sustainability promotes real, organic cultural
exchange that involves and benefits the locals as well as artists.
They create and promote team-building and leadership
travel experiences for businesses, history labs for students,
and interesting travel and study opportunities, as well
as documentary projects for academia and publishing
organisations. Their services range from honest interactions
with famous people and places to private engagements.
THE TALE OF INCORPORATION AND
ROOBAROO’S VICTORIOUS JOURNEY
During their travels, the founders realized that Indian
experiences are not crafted to help travellers get an
understanding of the place well and engage with the vast
knowledge in a fun manner. And this is when they got the
idea of Roobaroo Walks, with mobile applications to use geo-
sensing and craft digital tours through a city as they explore
off-the-beaten-track places and interesting locals. In order to
foster innovation and curiosity, the firm later started leading
heritage experiences. To encourage people’s creativity
and progress through arts and crafts, they hold frequent
workshops and events.
Anchal and Aayush both left their corporate jobs to move
to Varanasi and kick off this endeavour. They carried out
heritage routes on their own, discovered the various needs of
different types of travellers based on their nationality, gender,
and purpose in life at the time, and assisted in creating a travel
itinerary that inspired their minds. In order to pull together
such specific events with incredible professionals and artists,
they now have a team spread out across major cities in North
India, with collaborations expanding throughout India.
EDGE OVER THE PEERS
The leading team at Roobaroo supports productive and
win-win culture. They want to create a collective that can
position India in a globally competitive Tourism Industry.
Their primary objective is to draw tourists from around
the world to India. India already has a strong spiritual and
historical position, but they think that there is a major shift in
the world’s mental, physical, and intellectual curiosities, and
India has the solutions. Despite her enormous wealth, India
does not appear among the top few tourism destinations.
Their aim is to transform that.
The company’s highly customer-focused services come
with the drawback of having, on average, only six months
of productive time. Since the months of October to March
ANCHAL & AAYUSH
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Puja| Business Connect
are often the busiest for work, they rigorously
seek out candidates who are creative, well-read,
and wise, as well as willing to venture forth, go
with travellers to a destination, and give their
all to bringing a tale to life. For something to be
successful, it must be done again and consistently.
And most importantly, the team must have a high
commitment to preserving their city’s history via
innovation and advancement To strike a balance,
theymustdecidehowmuchworktheywilltakeon,
support each person’s aims for preserving this rich
legacy, and make sure their line of work provides
a reliable income. If not, huge corporations quickly
select these intelligent, committed professionals.
THE VISION AND MISSION OF
ROOBAROO
The mission of Roobaroo is to help people embrace
& learn Indian Heritage for self- and community-
improvement as well as for genuine, meaningful
time spent with others.
Through their mission to always be enthusiastic about
experiences like a young, wide-eyed child, the vision finds
expression every day! The company’s goal is to compel you to
learn more about the collective wisdom of a people and culture
so that you can internalise the collective experiences of all of its
people throughout history.
SYNCH WITH THE LATEST TECH
ADVANCEMENTS
The stories and jewels on Roobaroo’s mobile application can
be reached by moving around a city, although they focus more
on calm, genuine dialogues. In light of this, they create virtual
tours for those who might not be able to travel. With over 6,000
passengersaccompanyingthemontoursofVaranasi,Lucknow,
Dehradun, Ganga, Ramlila, Sarnath, Delhi, Agra, and Amritsar,
the idea for Virtual Tours was developed during the pandemic.
In a succinct yet thorough one-hour experience, it captured the
spirit of a city or its history. It goes without saying that it made
it easier for elderly, rural, and international students to travel to
Indian cities and comprehend the culture of the country.
THE WORLD’S CULTURE AND CORE VALUES
The entry of Roobaroo into cultural spaces boosts the influence
of storytellers on society and traveller decisions. They
encourage discussion and learning with other peer experts,
celebrity experts, and group activities that represent goal-
driven, liberating travel experiences, like simply soaking in a
natural lake in the Himalayas—something that is not the norm
in Indian travel.
The Roobaroo team places the said and unsaid intellectual
needs of the travellers at the forefront because doing so is of
the utmost significance. This approach is known as customer-
centricity and is essential for a thriving business. Being at the
top of their field in terms of creative and cultural expertise is
their second-most important value. Further, critical thinking
and insightfulness are highly rewarded, as is self-improvement.
RECOGNITIONS AND ACHIEVEMENTS
SYMBOLISE ROOBAROO’S SUCCESS
Roobaroo has been selected as the Traveler’s Choice by
Tripadvisor, placing them in the top 10% of the best providers
globally—a user review-based award. The company has been
awarded an award for Aarohana by the Network of Indian
Cultural Entrepreneurs. In addition, they have given stage to
many discussions by the honourable Tourism Ministry and
the Cultural Ministry about participating in the promotion
of Indian experiences. They have received recognition for
their documentary expertise and location connections with
National Geographic, the BBC, and Indian production
companies.
“Internally crossing 8000 experiences and 20000
travellers throughout our flagship North India
Geography is a big reward from our cherished
travellers, who have contributed to our success.
We have been progressing without spending
money on marketing and have been fueled by our
travellers,”
the visionary leader further apprised.
FUTURE GOALS: MAKING THE TRAVEL
EXPERIENCE MORE FASCINATING AND FUN!
Roobaroo aims to build a robust and widespread experience
roster across the country with some of the most inspiring
storytellers. For instance, tours of Indus Valley sites, trekking
for senior citizens, authentic experiences in the wilderness,
participation in the world’s largest theatre production-The
Ramlila of Ramnagar, tribal encounters to discover the roots
of their contemporary customs and learn about organic life,
tours of Pataliputra and Magadha, and many more In order
to give passengers the most enjoyable experience possible,
the main driving factor is to bring out emerging themes from
all around the nation.
DYNAMIC LEADERSHIP: AT A GLANCE
• Anchal Sachan, Co-founder of Roobaroo, is at the helm
of the company and working on adding more experts
from different geographies to the portfolio.
• Another leading man is Aayush Rathi, the Founder
of Roobaroo and currently a contributor to Ed-Tech
Company.
• Anupam Singh, the company’s CEO, strives to make
every connection and experience interesting.
• Samir Kher, the team’s Chief of Experience and Quality,
delivers the ideal mindset for exceptional performance.
37 www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
20.
21. Indian
Royal Families
Who Still Live a Lavish Life
In india, the monarchy was
abolished roughly fifty years
ago. The government ruled that
monarchy must be abolished with
the passage of the 26th amendment
to the indian constitution in
1971. But some of india’s royal
dynasties still lead extravagant
lives in spectacular grandeur.
These families have a rich past
that is rooted in heritage and
culture as well as luxury.
Despite the fact that the majority
of royal families lost its renown
in the 1970s, these families have
been successful in preserving
it. The dynastic wealth of the
indian royal dynasties has been
converted into thriving companies.
Having said that, the riches of
these indian royal dynasties are
incalculable.
This blog post on “wealthiest
royal families of india” informs
you about their lavish life. Read
on!
• The Royal Family of Jaipur
• The Wadiyar Dynasty.
• The Royal family of Rajkot
• The Bhonsales’ House
• The Gaekwads of Baroda
• The Alsisar Royal Family
• Royal Family of Jodhpur
• Pataudi Clan
• The Mewar Dynasty
1. The Royal Family of Jaipur
The blue bloods from Jaipur, as far as royal families go, have now slowly
but surely gained celebrity status. The final nominal ruler of Jaipur was
his Highness Bhawani Singh. However, because he didn’t have any sons,
he adopted Padmanabh Singh- the son of Diya Kumari, in his old age.
The youthful prince
Padmanabh succeeded
his father as Maharaja
of Jaipur in 2011. He
competes in polo at the
national level and is
trying to raise interest in
it. The youthful king has
teamed with AirBnB,
in addition to the royal
family having given the
Rambagh Palace to Taj
Hotels to manage.
He set up a suite in
the Jaipur City Palace
on the travel website
as part of this new
business venture so that
visitors could come,
stay, and experience
life as a king. The
Princess Diya Kumari
foundation would
receive every penny of
the revenues.
The young King is also
a voracious traveller
and has been featured
on magazine covers
all around the world.
This family’s net wealth
is above $2.8 billion,
according to the Times
of India.
2. The Wadiyar
Dynasty
The Kingdom of Mysore
was once ruled by the
Wadiyar Dynasty. The
‘Kings’ of this dynasty
find their roots in the
Yaduvanshi clan of
Lord Krishna. In 1612,
Queen Alamelamma of
Vijaynagar cursed that
Mysore kings would
never bear children and
01 04
07
02 05
08
03 06 09
Culture
40
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22. condemned the Wadiyar family for seizing the crown. The last
400 years this curse appears to have had its influence on the
family. Yaduveer Krishnadutta Chamaraj Wadiyar, who is 27
years old, is the dynasty’s current ruler. Wadiyar was not the
direct heir, and in 2013 his uncle Srikantadatta Wadiyar passed
away without having children. Yaduveer was raised as their
own son by his wife, who also made him king. The next king is
an economist with a degree in English literature. The family is
said to own assets worth Rs 10,000 crore.
3. The Royal family of Rajkot
The Royal Family of Rajkot, which is currently headed by
Yuvraj Mandhatasinh Jadeja, is the only royal family to ignore
the clichéd idea of converting their ancestral properties into
hotels and opulent palaces in favour of investing close to
one hundred crore rupees in hydropower plants and the
development of biofuels.
4. The Bhonsales’ House
There are many different districts in Maharashtra where
Chhatrapati Shivaji Maharaj’s descendants can be found.
According to legend, Udayanraje of Satara is the 13th
Chhatrapati title holder. He is a well-known politician and
a present BJP member. With declared assets worth 199 crore
and 5 vehicles, including 2 Mercedes-Benz, a Ford Endeavour,
an Audi, a Maruti Gypsy, and a Volkswagen Polo, he was the
richest contender in the 2019 Lok Sabha elections.
Sambhajiraje Chhatrapati, a different Chhatrapati Shivaji
Maharaj ancestor, was proposed as a Rajya Sabha MP
candidate in 2016. The family has residences in Pune and
Mumbai’s Malabar Hill, as well as land in Raybag, Karnataka,
which was formerly a part of the Kolhapur princely state.
However, nothing is known about the family’s overall net
worth. In Kolhapur, the family also manages a school.
5. The Gaekwads of Baroda
Since the early 18th century, the Gaekwads, who were
originally from Pune, have ruled Baroda (now Vadodara).
Samarjitsinh Gaekwad, 52, is the current head of the Baroda
royal family. He also received an inheritance of property worth
more than Rs 20,000 crores when he came to the throne. The
Gaekwads of Baroda are the owners of the Laxmi Vilas Palace,
the biggest private house in the world, out of all the Indian
royal dynasties. Not only that, but Samarjitsinh also received
a number of paintings by Raja Ravi Varma in addition to other
valuables including gold and silver jewellery.
Moreover, he oversees the management of 17 temple trusts
in Gujarat and Banaras. In addition, he built a 10-hole private
golf course inside the palace. Samarjitsinh is a talented cricket
player who competed for his state in the Ranji Trophy. He
attempted to get involved in politics, but he has been inactive
since 2017 .
6. The Alsisar Royal Family
One of the wealthiest royal families in India is that of Alsisar.
The Alsisars were one of India’s most opulent royal families
because they formerly controlled the kingdom of Khetri in
Rajasthan. The Alsisar family still owns ornate havelis in Jaipur
and Ranthambore.
The ruler of the Alsisars, Abhimanyu Singh, is also a co-
organizer of Magnetic Fields, one of India’s best and hippest
music events. He owns one of the country’s most extravagant
heritage hotels.
7. Royal Family of Jodhpur
Maharaj Gaj Singh II is the current titular ruler of Jodhpur,
which was once controlled by the Rathore family. The
Mehrangarh Fort and Umaid Bhawan, two of the largest
private palaces and forts in the world, are owned by the same
family.
Maharaj Gaj Singh II currently resides at the Umaid Bhawan
Palace with his family. The palace is separated into three main
sections: the residential portion, where the royal family resides;
the hotel portion, which is managed by Taj Hotels with the
cooperation of the family; and the tourist-friendly museum
portion. The Royal Family of Jodhpur is said to be valued at
224 billion Indian rupees.
The Umaid Bhawan Palace, which is 11 hectares in size,
includes 347 rooms in addition to four tennis courts, a
swimming pool, and other amenities. Famous Bollywood
actress Priyanka Chopra wed American musician and actor
Nick Jonas in this castle. The royal family’s main source of
income comes from this palace.
Previously, Maharaja Gaj Singh II was a Rajya Sabha
member. He served as Trinidad and Tobago’s Indian High
Commissioner for a while.
8. Pataudi Clan
Anyone from India has almost certainly heard of Saif Ali
Khan, a popular Bollywood actor. But other people might not
be aware that he is a relative of the Pataudi Nawabs.
Mansoor Ali Khan Pataudi, a Nawab, served as the final
titular head of the Pataudi Clan. He once served as the Indian
Cricket Team’s captain. Saif Ali Khan was one of three children
Mansoor Ali and Bollywood actress Sharmila Tagore had
together.
Saif Ali Khan currently bears the title of Nawab of Pataudi,
is an actor, and has impressive revenues from the Bollywood
industry.
He is a Bollywood actor and the owner of the Pataudi Palace,
which is valued about 800 crores. He also has a lucrative
marriage to Bollywood actress Kareena Kapoor, which benefits
the Pataudi family financially. The Wealth of This Royal Family
is said to be INR 1100 crores.
9. The Mewar Dynasty
The Mewar family ranks really high among India’s wealthiest
royal families. The family of Rana Sriji Arvind Singh Mewar
resides in Udaipur and is the 76th custodian of the royal
highness.
The king, a member of a noble family, is the proprietor of
the HRH Group of Hotels, a Rs 50 crore business. The group
has ten hotels listed under its name, and the king is also a
businessman. The unique cultural heritage of Mewar is being
preserved by Shriji Arvind Singh Mewar.
Due to frequent tourist visits to the City Palace, the titular king
is accountable for half of the city of Udaipur’s attractiveness.
Additionally, the royal family is known for leasing palaces like
Fateh Prakash Palace and the Taj Group of Hotels. In addition,
the royal family is the proprietors of the lavish Jag Mandir
Island Palace, which is located on Lake Pichola. Lakshyaraj
Singh Mewar, the son of Arvind Singh, took on the challenge of
restoring the Jag Mandir Island castle and turning it into one of
the most exclusive wedding locations on earth.
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www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
23. Shoubii Consulting
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44
www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
RENOWNED BRAND
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45 www.businessconnectindia.in | Vol. 6 | Special Edition August 2023 INDIA
24.
25. FROM NO
CHEWING GUM
TO NO HIGH HEELS:
10 STRANGE
LA
WS AROUND
THE WORLD
Are you planning to travel or settle abroad? If yes, you need to
know about some strange laws around the world. These laws
might sound funny or bizarre, but they are real, and you could
face severe consequences if you violate them. In this article, we will
discuss 10 strange laws around the world that you must know be-
fore traveling or settling abroad.
01 - No Chewing Gum in Singapore
Singapore is one of the cleanest cities in the world, and the government has taken strict measures to maintain its cleanliness. Chewing
gum is banned in Singapore since 1992 to prevent littering on streets, public transport, and buildings. Violating this law could result
in a fine of up to $1000. While the ban may sound strange to some, it has contributed to Singapore’s clean and well-maintained rep-
utation, making it a desirable destination for travelers and settlers alike.
02 - No High Heels in Greece’s Historical Sites
Greece is home to some of the world’s most iconic historical sites, including the Acropolis and the Temple of Olympian Zeus. How-
ever, visitors to these sites should take note that high heels are not allowed. The Greek Ministry of Culture has implemented this rule
to protect the ancient monuments and prevent damage from high heels, which can cause cracks in the delicate marble floors. Instead,
visitors are encouraged to wear flat, comfortable shoes that provide good traction and stability.
03 - No Whistling at Night in Germany
In Germany, whistling at night is illegal between the hours of 10 pm and 6 am. The government has imposed this law to prevent
disturbing the peace and ensure a peaceful and quiet environment for residents. While it may seem like a bizarre law to outsiders, it
reflects Germany’s culture of respecting others’ privacy and personal space. Violating this law could lead to a fine, and it is always
better to be aware of such regulations while traveling to avoid any legal troubles.
04 - No Kissing in Public in Dubai
Dubai is a conservative city, and kissing in public is not allowed. The
government has imposed this law to maintain its cultural and religious
values. Public displays of affection are considered offensive, and vi-
olating this law could result in imprisonment or deportation. While
this law may seem strict to some, it is crucial to respect the cultural
and religious values of the place you are visiting or settling in.
05 - No Walking Barefoot in Thailand
In Thailand, it is considered disrespectful and impolite to walk
barefoot in public places. This cultural norm is deeply ingrained
in Thai society and is rooted in the belief that the feet are the
lowest and dirtiest part of the body. Walking barefoot is seen
as a sign of disrespect towards oneself and others. Visitors to
Thailand should always wear shoes or sandals in public plac-
es, including temples, markets, and shops. This simple ges-
ture of respect is greatly appreciated by the Thai people and
is an important aspect of their culture.
06 - No Wearing Military Clothing in Barbados
In Barbados, it is illegal for civilians to wear military clothing.
This law is in place to prevent the impersonation of military personnel, as
well as to show respect for the country’s armed forces. Offenders can be fined or imprisoned if caught wearing military attire. It is
important for visitors to be aware of this law and to dress appropriately when traveling to Barbados.
07 - No Chewing Gum in Turkey
Similar to Singapore, chewing gum is not allowed in Turkey. This law was
put in place in 2007 to combat the littering and unsanitary disposal of gum,
which was causing problems in public places. Violators can face fines and
other penalties. Visitors to Turkey should be aware of this law and avoid
bringing gum into the country.
08 - No Running Out of Gas on the Autobahn in Germany
It is illegal to run out of gas on the Autobahn in Germany. This law is in
place to prevent accidents and traffic congestion on high-speed highways.
Offenders can face fines and may be required to attend a safety course. Driv-
ers should ensure they have enough fuel before entering the Autobahn or risk
facing legal consequences.
09 - Being overweight is illegal in Japan
In Japan, there is a law that prohibits citizens from being overweight, and it is
strictly enforced. The government measures the waistlines of all citizens be-
tween the ages of 40 and 74 as part of their national health screening program.
Those who are deemed to have a waistline above a certain measurement are
required to attend counseling sessions with health professionals. The goal
of this law is to encourage a healthier lifestyle and prevent obesity-related
health problems.
10 - Forgetting wife’s birthday may lead to jail
In Samoa, a country located in Oceania, forgetting your wife’s birthday can lead to serious consequences. According to a law that was
passed in 2013, husbands who forget their wife’s birthdays can be fined or even face imprisonment. The law is aimed at promoting
and preserving the importance of family and relationships in Samoan culture. While it may seem like a harsh punishment, the law
serves as a reminder to prioritize and cherish loved ones on their special day.
Conclusion
These are 10 strange laws around the world that you must know before traveling or settling abroad.
These laws might sound funny or bizarre, but they are real, and you could face severe consequences
if you violate them. Therefore, you must be cautious and follow the laws of the country you are
visiting or settling in. It is always better to research the laws and customs of the country you plan
to visit or settle in to avoid any legal or cultural issues.
48
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