Mani started Future Focus Infotech in 1997 providing IT and managed HR services. Despite initial successes, it took 10 years for the venture to become sustainable. Pavan and Rakesh Thatha founded ArrayShield in 2010 to develop a two-factor authentication product addressing identity theft issues. Their simple idea grew into a product solving real-world hacking problems. Saloni Malhotra founded rural BPO DesiCrew in 2007 after realizing the potential of rural employment. She established centers in three Tamil Nadu locations and one in Karnataka to provide local employment.
Virtual Success Equals Real Results - Training Magazine Conference 2013 Sessi...Brandon Williams
Educe Group implemented a social learning platform called EduceConnect to address challenges from a dispersed workforce. They sought to improve knowledge sharing, reduce reliance on experts, and speed onboarding. Implementation involved understanding organizational readiness, seeding the platform with existing content, considering search strategies, identifying experts to contribute, and a soft launch focused on new hire training. Success was measured by faster response times, increased collaboration, and reduced administrative tasks.
Click to Cloud Case Study featuring Rookie RecruitsSamantha Hills
1. Rookie Recruits is a recruitment company that offers mentoring programs for candidates. They needed a cloud-based solution to manage recruitment and coaching.
2. People Cloud provided a customizable platform that improved productivity by streamlining workflows and allowing the company to focus on revenue-generating activities.
3. Reporting capabilities transformed the business by providing single-view management reports that increased insight and responsiveness.
1) The document discusses how career transition and outplacement services have evolved from signaling the end of a career to enabling a new phase of one's working life.
2) It notes the increased demand for these services as companies recognize their importance in managing employer brands and treating departing employees professionally.
3) Providing career transition services is seen as both good corporate responsibility and having commercial benefits like reducing litigation risks and improving employee engagement among those who remain.
Build, Buy or Rent? Leveraging Talent Analytics to Plan for Tomorrow’s WorkforceHuman Capital Media
The document summarizes a webinar about leveraging talent analytics to plan for future workforce needs. It discusses assessing an organization's readiness, identifying talent supply and demand gaps, and analyzing data to develop action plans to build, buy, or lease talent. The webinar provides examples of companies that use analytics to understand changing skills needs and access talent through current employees, external hires, alumni networks, and contingent workers. The key takeaway is that talent analytics can be a powerful tool when used to develop prioritized action plans that leverage multiple talent sources.
Wikinomics - Winning With The Enterprise 2.0 - with transcriptMike Qaissaunee
Don Tapscott presented on the concept of the Enterprise 2.0 and how mass collaboration is changing business. Some key points:
1) Enterprises are shifting from closed hierarchical structures to open, networked structures that are more flexible and dynamic.
2) A $7 million research project investigated this transition to the "Enterprise 2.0" and found companies moving toward more open innovation and knowledge sharing.
3) Four main drivers of change are the emergence of Web 2.0 technologies, the rise of the net generation, the social revolution with online collaboration, and the economic benefits of more open and networked enterprises.
TMA World Managing Remote Workers webinarTMA World
Remote and flexible working is increasingly common and the challenge for the remote worker is to get the very best from employees when their primary, or only, means of interacting with them is via technology.
This TMA World e-Class webinar provides an overview of skills and best practice strategies for maximizing the productivity of remote employees.
The document is a franchise proposal from Riskpro India for human capital management services. It outlines Riskpro's background and capabilities in risk management consulting and recruiting. Key points include that Riskpro has over 200 years of cumulative experience, offices in major Indian cities, and aims to have one franchise in each city by end of 2012. It then discusses the growing Indian recruitment market and opportunities in staffing and training for risk, finance, and other professionals.
ITSM Academy Webinar - Lead Success, Don't Manage Failure!ITSM Academy, Inc.
The document discusses leadership in IT service management. It emphasizes that leaders inspire people through passion and motivation, while managers focus more on organization and control tactics. Successful ITSM requires leadership to empower people and create an environment where teams are willing to change and take risks to continuously improve processes and technology. True leaders leverage people's strengths rather than just administering processes.
Virtual Success Equals Real Results - Training Magazine Conference 2013 Sessi...Brandon Williams
Educe Group implemented a social learning platform called EduceConnect to address challenges from a dispersed workforce. They sought to improve knowledge sharing, reduce reliance on experts, and speed onboarding. Implementation involved understanding organizational readiness, seeding the platform with existing content, considering search strategies, identifying experts to contribute, and a soft launch focused on new hire training. Success was measured by faster response times, increased collaboration, and reduced administrative tasks.
Click to Cloud Case Study featuring Rookie RecruitsSamantha Hills
1. Rookie Recruits is a recruitment company that offers mentoring programs for candidates. They needed a cloud-based solution to manage recruitment and coaching.
2. People Cloud provided a customizable platform that improved productivity by streamlining workflows and allowing the company to focus on revenue-generating activities.
3. Reporting capabilities transformed the business by providing single-view management reports that increased insight and responsiveness.
1) The document discusses how career transition and outplacement services have evolved from signaling the end of a career to enabling a new phase of one's working life.
2) It notes the increased demand for these services as companies recognize their importance in managing employer brands and treating departing employees professionally.
3) Providing career transition services is seen as both good corporate responsibility and having commercial benefits like reducing litigation risks and improving employee engagement among those who remain.
Build, Buy or Rent? Leveraging Talent Analytics to Plan for Tomorrow’s WorkforceHuman Capital Media
The document summarizes a webinar about leveraging talent analytics to plan for future workforce needs. It discusses assessing an organization's readiness, identifying talent supply and demand gaps, and analyzing data to develop action plans to build, buy, or lease talent. The webinar provides examples of companies that use analytics to understand changing skills needs and access talent through current employees, external hires, alumni networks, and contingent workers. The key takeaway is that talent analytics can be a powerful tool when used to develop prioritized action plans that leverage multiple talent sources.
Wikinomics - Winning With The Enterprise 2.0 - with transcriptMike Qaissaunee
Don Tapscott presented on the concept of the Enterprise 2.0 and how mass collaboration is changing business. Some key points:
1) Enterprises are shifting from closed hierarchical structures to open, networked structures that are more flexible and dynamic.
2) A $7 million research project investigated this transition to the "Enterprise 2.0" and found companies moving toward more open innovation and knowledge sharing.
3) Four main drivers of change are the emergence of Web 2.0 technologies, the rise of the net generation, the social revolution with online collaboration, and the economic benefits of more open and networked enterprises.
TMA World Managing Remote Workers webinarTMA World
Remote and flexible working is increasingly common and the challenge for the remote worker is to get the very best from employees when their primary, or only, means of interacting with them is via technology.
This TMA World e-Class webinar provides an overview of skills and best practice strategies for maximizing the productivity of remote employees.
The document is a franchise proposal from Riskpro India for human capital management services. It outlines Riskpro's background and capabilities in risk management consulting and recruiting. Key points include that Riskpro has over 200 years of cumulative experience, offices in major Indian cities, and aims to have one franchise in each city by end of 2012. It then discusses the growing Indian recruitment market and opportunities in staffing and training for risk, finance, and other professionals.
ITSM Academy Webinar - Lead Success, Don't Manage Failure!ITSM Academy, Inc.
The document discusses leadership in IT service management. It emphasizes that leaders inspire people through passion and motivation, while managers focus more on organization and control tactics. Successful ITSM requires leadership to empower people and create an environment where teams are willing to change and take risks to continuously improve processes and technology. True leaders leverage people's strengths rather than just administering processes.
This document discusses how work ethos, purpose, and productivity are changing in enterprises. It argues that while expertise and collaboration are still important, purpose may be the most meaningful driver of work. It notes that jobs have shifted from production to services and from routine to more creative work. As a result, the ideal employee characteristics have changed from orderly and risk-averse to more entrepreneurial traits like creativity, tolerance for risk, and empathy. The document suggests managers need to reconsider how they define and encourage purpose among employees as hierarchical, socialized, or anarchic models. It proposes some ways existing enterprise technologies could be adapted to better support employee purpose.
The document discusses the importance of having a clear vision for a company. It states that without a vision, efforts to professionalize a company will be futile. It also notes that a company's stated vision is important for attracting the right employees and talent, as startups are often able to do this despite lower pay by having an inspiring vision. Finally, it says that for a vision to be effective, it needs to be ambitious, well-articulated, widely communicated, and guide the company's actions.
The document discusses trends in recruiting and talent acquisition. It advocates establishing small networks of talent through meaningful relationships rather than large candidate funnels. A case study shows how one company trained "talent coaches" to help managers build networks, improving attitudes towards networking. The presentation concludes by exploring how network analysis tools can measure network strength and quality of candidates.
Dell Gines - Strengthening the Entrepreneur ussourcelink
The document discusses strengthening entrepreneurship-centered economic development ecosystems. It emphasizes that developing entrepreneurs benefits communities and that the Federal Reserve Bank of Kansas City supports local entrepreneurship. It outlines the five components of an entrepreneurship ecosystem: capital, climate, capability, culture, and connection. Additionally, it discusses focusing on different types of entrepreneurs and having a transparent, dense ecosystem that allows entrepreneurs to spend more time growing their businesses rather than navigating support systems.
Her Highness Sheikha Mozah bint Nasser Al Missned honored Eng Saad Al Muhannadi, Vice President of Capital Projects and Facilities Management at Qatar Foundation, for his 15 years of service. She praised him for being one of the main pillars that Qatar Foundation was built upon and for his dedication, problem-solving skills, and ensuring the realization of QF's vision. Al Muhannadi thanked Her Highness but said the ceremony honors his entire team's achievements. Her Highness said Al Muhannadi was one of the first to join QF and has greatly contributed to its success over the past 15 years.
What does the future of recruitment look like. This presentation takes a look at some aspects of the future solutions and how they will be introduced into Recruitment solutions
This document provides an overview of Equitas Micro Finance India Pvt Ltd, including its mission and culture, operational model, and approach to developing trustworthy employees. The key points are:
1) Equitas' mission focuses on improving quality of life for those not served by formal financial sectors through transparent and trustworthy access to financial products.
2) Its operational model emphasizes fairness, governance, efficient operations, and responsible pricing.
3) It develops trustworthy employees by acquiring them through referrals, aligning them through training, and retaining them through engagement programs that address physical, mental, emotional and spiritual needs.
Gordon Kraft proposes establishing entrepreneur incubators to provide resources like office space, market research assistance, legal help, and mentoring from retired industry executives. This would help entrepreneurs focus on developing their ideas. The incubators would take a small percentage of future revenue in exchange for these services. Kraft believes this could generate new businesses and jobs as many people will need retraining due to reductions in industries like automotive. Others discuss refining the model and share experiences with existing incubators.
The document discusses how recruiting has evolved to focus on creating large candidate pools and using automation to filter candidates, but that companies should instead focus on putting higher quality candidates into the process through employee referrals and manager networks, as employee referrals yield the highest quality hires at the lowest cost and help increase employee retention rates.
ISRA is a new research academy established to address gaps in Islamic finance research. It focuses on both fundamental and applied research to help resolve short-term industry issues and propel long-term orderly development. ISRA aims to identify pressing market issues, conduct in-depth research collaborating with academics and industry experts, and provide findings to assist Shariah scholars and market players. In the long run, ISRA also aims to develop a research portal and help harmonize varying Shariah interpretations within parameters set by research.
The document provides information about an "Alumni Leadership MasterClass" event being held on October 13th, 2012. The masterclass will focus on building alumni identity and bringing alumni closer to help with success and growth. It will be held at the India Habitat Centre in New Delhi and feature presentations from experts in the fields of alumni relations and engagement. The agenda outlines sessions on the importance of alumni relations, using technology to connect with alumni, creating an alumni database, case studies, and leveraging digital marketing and social media. Recent attendees and testimonials provide positive feedback on previous masterclass events.
Integrating Learning And Talent SlidesDavid Wilson
The document discusses integrating talent and learning processes to overcome siloed and fragmented approaches. It outlines the benefits of integration, including clearer links between talent elements, improved automation and user experience, reduced duplication, and better analytics. It argues that learning is particularly important as it enables many talent processes like onboarding, developing skills, and raising performance. A 7-point action plan for successful integration is also mentioned.
HR Technology and Analytics Service ProvidersPeople Matters
Organizations have a great opportunity to gain intelligent insights about the internal and external business ecosystem by carefully selecting the right HR technology and analytics platform
Lean Six Sigma International Convention SponsorshipKINDUZ Consulting
The document describes a request for sponsorship of the 1st Lean Six Sigma International Convention organized by the Computer Society of India. The convention will focus on delivering customer and business value using Lean Six Sigma. It will take place in Hyderabad, India and include keynote speakers, sessions on various Lean Six Sigma topics, and an awards ceremony. Sponsorship opportunities at different levels are outlined along with the associated benefits.
1. BrokersWeb experienced the highest revenue growth rate of 306.98% from 2009 to 2010. It is a premium pay-per-click traffic source for over 150 insurance advertisers.
2. The document profiles the top 50 fastest-growing companies in South Florida based on revenue growth percentage. It provides examples of several companies that have experienced high growth, including their industries and growth strategies.
3. The CEOs of some of the high-growth companies offer advice for fueling rapid growth, such as investing in scalable infrastructure, technology, hiring qualified people, and focusing resources on your core business.
This is a presentation I made to the Indian School of Mines Community on my journey at ISM and as an Entrepreneur. Hope it is inspirational for others.
- Pavan Kota
The document describes Network to Net Worth (N2W), a social venture that allows startup companies to collaborate in order to compete better in their respective markets. Member companies would share resources like finances, teams, knowledge, and industry contacts in order to reduce costs and risks. The key goals of the collaboration are value creation for customers, company profitability, wealth creation, and sustainable growth. Eligible companies must be registered Indian startups in the initial or growth stage and agree to non-disclosure agreements and a code of conduct. Interested companies can learn more by contacting the listed CEOs and providing information about their company.
This document discusses how collaboration and communication tools can drive business performance over the long term. It notes that disciplined collaboration, where teams properly assess when to collaborate, can lead to higher performance than undisciplined collaboration. Additionally, it highlights that most enterprise employees now work remotely at least part of the time, and the use of audio and video conferencing has increased greatly. However, virtual collaboration also presents challenges like reduced attention spans and a lack of non-verbal cues. The document concludes by discussing how unified communications solutions can enhance virtual interactions and drive business performance through improved call quality, audio management, and conference calling capabilities.
The document contains summaries of various news articles. It summarizes that China has suspended approvals of M&A deals for listed property developers; Motorola's CEO Sanjay Jha was listed among the most overpaid CEOs of 2009; airline operators have opposed a proposed 5% increase in fuel throughput fees at several major Indian airports; a deal for SpiceJet promoter Bhupendra Kansagra to sell a 7.7% stake in the airline is under legal challenge in US courts; Hindustan Aeronautics will play a key role in developing India's fifth generation fighter aircraft; Bank of America plans to hire over 1,000 people in small business banking in the US; the Bombay High Court approved the merger of
The document describes a cricket player who had a difficult time batting. They were unsure if they made contact with the ball when hitting it and couldn't see where the ball went. The player struggled running between wickets and completely missed the ball on some swings, questioning their batting technique. Overall, the player had a poor performance and lost the match.
This document provides an overview of Future Focus Infotech Pvt Ltd, an IT consulting firm. It outlines the company's vision, mission, service offerings including IT consulting, software development, and recruitment management. It also describes the company's presence in India, UAE, and USA, technology focus, pricing models, clients, infrastructure, awards, quality assurance processes, growth strategies, and culture of building lasting relationships.
This document discusses how work ethos, purpose, and productivity are changing in enterprises. It argues that while expertise and collaboration are still important, purpose may be the most meaningful driver of work. It notes that jobs have shifted from production to services and from routine to more creative work. As a result, the ideal employee characteristics have changed from orderly and risk-averse to more entrepreneurial traits like creativity, tolerance for risk, and empathy. The document suggests managers need to reconsider how they define and encourage purpose among employees as hierarchical, socialized, or anarchic models. It proposes some ways existing enterprise technologies could be adapted to better support employee purpose.
The document discusses the importance of having a clear vision for a company. It states that without a vision, efforts to professionalize a company will be futile. It also notes that a company's stated vision is important for attracting the right employees and talent, as startups are often able to do this despite lower pay by having an inspiring vision. Finally, it says that for a vision to be effective, it needs to be ambitious, well-articulated, widely communicated, and guide the company's actions.
The document discusses trends in recruiting and talent acquisition. It advocates establishing small networks of talent through meaningful relationships rather than large candidate funnels. A case study shows how one company trained "talent coaches" to help managers build networks, improving attitudes towards networking. The presentation concludes by exploring how network analysis tools can measure network strength and quality of candidates.
Dell Gines - Strengthening the Entrepreneur ussourcelink
The document discusses strengthening entrepreneurship-centered economic development ecosystems. It emphasizes that developing entrepreneurs benefits communities and that the Federal Reserve Bank of Kansas City supports local entrepreneurship. It outlines the five components of an entrepreneurship ecosystem: capital, climate, capability, culture, and connection. Additionally, it discusses focusing on different types of entrepreneurs and having a transparent, dense ecosystem that allows entrepreneurs to spend more time growing their businesses rather than navigating support systems.
Her Highness Sheikha Mozah bint Nasser Al Missned honored Eng Saad Al Muhannadi, Vice President of Capital Projects and Facilities Management at Qatar Foundation, for his 15 years of service. She praised him for being one of the main pillars that Qatar Foundation was built upon and for his dedication, problem-solving skills, and ensuring the realization of QF's vision. Al Muhannadi thanked Her Highness but said the ceremony honors his entire team's achievements. Her Highness said Al Muhannadi was one of the first to join QF and has greatly contributed to its success over the past 15 years.
What does the future of recruitment look like. This presentation takes a look at some aspects of the future solutions and how they will be introduced into Recruitment solutions
This document provides an overview of Equitas Micro Finance India Pvt Ltd, including its mission and culture, operational model, and approach to developing trustworthy employees. The key points are:
1) Equitas' mission focuses on improving quality of life for those not served by formal financial sectors through transparent and trustworthy access to financial products.
2) Its operational model emphasizes fairness, governance, efficient operations, and responsible pricing.
3) It develops trustworthy employees by acquiring them through referrals, aligning them through training, and retaining them through engagement programs that address physical, mental, emotional and spiritual needs.
Gordon Kraft proposes establishing entrepreneur incubators to provide resources like office space, market research assistance, legal help, and mentoring from retired industry executives. This would help entrepreneurs focus on developing their ideas. The incubators would take a small percentage of future revenue in exchange for these services. Kraft believes this could generate new businesses and jobs as many people will need retraining due to reductions in industries like automotive. Others discuss refining the model and share experiences with existing incubators.
The document discusses how recruiting has evolved to focus on creating large candidate pools and using automation to filter candidates, but that companies should instead focus on putting higher quality candidates into the process through employee referrals and manager networks, as employee referrals yield the highest quality hires at the lowest cost and help increase employee retention rates.
ISRA is a new research academy established to address gaps in Islamic finance research. It focuses on both fundamental and applied research to help resolve short-term industry issues and propel long-term orderly development. ISRA aims to identify pressing market issues, conduct in-depth research collaborating with academics and industry experts, and provide findings to assist Shariah scholars and market players. In the long run, ISRA also aims to develop a research portal and help harmonize varying Shariah interpretations within parameters set by research.
The document provides information about an "Alumni Leadership MasterClass" event being held on October 13th, 2012. The masterclass will focus on building alumni identity and bringing alumni closer to help with success and growth. It will be held at the India Habitat Centre in New Delhi and feature presentations from experts in the fields of alumni relations and engagement. The agenda outlines sessions on the importance of alumni relations, using technology to connect with alumni, creating an alumni database, case studies, and leveraging digital marketing and social media. Recent attendees and testimonials provide positive feedback on previous masterclass events.
Integrating Learning And Talent SlidesDavid Wilson
The document discusses integrating talent and learning processes to overcome siloed and fragmented approaches. It outlines the benefits of integration, including clearer links between talent elements, improved automation and user experience, reduced duplication, and better analytics. It argues that learning is particularly important as it enables many talent processes like onboarding, developing skills, and raising performance. A 7-point action plan for successful integration is also mentioned.
HR Technology and Analytics Service ProvidersPeople Matters
Organizations have a great opportunity to gain intelligent insights about the internal and external business ecosystem by carefully selecting the right HR technology and analytics platform
Lean Six Sigma International Convention SponsorshipKINDUZ Consulting
The document describes a request for sponsorship of the 1st Lean Six Sigma International Convention organized by the Computer Society of India. The convention will focus on delivering customer and business value using Lean Six Sigma. It will take place in Hyderabad, India and include keynote speakers, sessions on various Lean Six Sigma topics, and an awards ceremony. Sponsorship opportunities at different levels are outlined along with the associated benefits.
1. BrokersWeb experienced the highest revenue growth rate of 306.98% from 2009 to 2010. It is a premium pay-per-click traffic source for over 150 insurance advertisers.
2. The document profiles the top 50 fastest-growing companies in South Florida based on revenue growth percentage. It provides examples of several companies that have experienced high growth, including their industries and growth strategies.
3. The CEOs of some of the high-growth companies offer advice for fueling rapid growth, such as investing in scalable infrastructure, technology, hiring qualified people, and focusing resources on your core business.
This is a presentation I made to the Indian School of Mines Community on my journey at ISM and as an Entrepreneur. Hope it is inspirational for others.
- Pavan Kota
The document describes Network to Net Worth (N2W), a social venture that allows startup companies to collaborate in order to compete better in their respective markets. Member companies would share resources like finances, teams, knowledge, and industry contacts in order to reduce costs and risks. The key goals of the collaboration are value creation for customers, company profitability, wealth creation, and sustainable growth. Eligible companies must be registered Indian startups in the initial or growth stage and agree to non-disclosure agreements and a code of conduct. Interested companies can learn more by contacting the listed CEOs and providing information about their company.
This document discusses how collaboration and communication tools can drive business performance over the long term. It notes that disciplined collaboration, where teams properly assess when to collaborate, can lead to higher performance than undisciplined collaboration. Additionally, it highlights that most enterprise employees now work remotely at least part of the time, and the use of audio and video conferencing has increased greatly. However, virtual collaboration also presents challenges like reduced attention spans and a lack of non-verbal cues. The document concludes by discussing how unified communications solutions can enhance virtual interactions and drive business performance through improved call quality, audio management, and conference calling capabilities.
The document contains summaries of various news articles. It summarizes that China has suspended approvals of M&A deals for listed property developers; Motorola's CEO Sanjay Jha was listed among the most overpaid CEOs of 2009; airline operators have opposed a proposed 5% increase in fuel throughput fees at several major Indian airports; a deal for SpiceJet promoter Bhupendra Kansagra to sell a 7.7% stake in the airline is under legal challenge in US courts; Hindustan Aeronautics will play a key role in developing India's fifth generation fighter aircraft; Bank of America plans to hire over 1,000 people in small business banking in the US; the Bombay High Court approved the merger of
The document describes a cricket player who had a difficult time batting. They were unsure if they made contact with the ball when hitting it and couldn't see where the ball went. The player struggled running between wickets and completely missed the ball on some swings, questioning their batting technique. Overall, the player had a poor performance and lost the match.
This document provides an overview of Future Focus Infotech Pvt Ltd, an IT consulting firm. It outlines the company's vision, mission, service offerings including IT consulting, software development, and recruitment management. It also describes the company's presence in India, UAE, and USA, technology focus, pricing models, clients, infrastructure, awards, quality assurance processes, growth strategies, and culture of building lasting relationships.
Madras Christian College High School .. Informal Cricket Match Benedict Gnaniah
Remembering those days sitting in class toggling the eyes between the teacher and the cricket match.... MCCHS had the best team. The 1975 batch was witness to the the best of MCCHS sport. On 15th Sept few of us gathered to play the game again ... a bunch of guys from the 1988 batch had come along too... Well it rained overnight leaving the ground unplayable.. but we dint really care. We guys are used to playing in the rain.. so we got down to playing.
My presentation for Tamilnadu Project Management conference 2013 themed “Deliver True Value with effective Project Management" on 22-23, June 2013 at Hotel Savera, Chennai.
Remembering those days sitting in class toggling the eyes between the teacher and the cricket match…. MCCHS had the best team. The 1975 batch was witness to the the best of MCCHS sport. On 15th Sept few of us gathered to play the game again … a bunch of guys from the 1988 batch had come along too… Well it rained overnight leaving the ground unplayable.. but we dint really care. We guys are used to playing in the rain.. so we got down to playing.
Bottom line we had great fun
The document discusses different types of memory and how the brain learns. It contrasts semantic memory, which focuses on the present, with episodic and procedural memories, which are developed through dreaming beyond the present. The brain learns best through conviction, passion, and consistency, such as by practicing a new skill like playing the guitar. Different types of people are needed - the focused, visionary, empathetic, and dreamer - to care for both the present and the future.
Indian IT startups face intense competition from both domestic and overseas rivals. Domestically, startups compete with established Indian IT giants like Infosys and Wipro for large projects, but can find opportunities in niche areas ignored by the big players. Overseas, startups face competition from large international firms expanding into India as well as emerging players in countries like China, Romania, and Brazil. However, Indian startups have advantages in skills, a large talent pool, and an ability to provide high quality services at a lower cost. To succeed, startups must focus on these strengths while developing world-class solutions, services, and marketing to expand globally.
Indian IT startups face intense competition from both domestic and overseas rivals. Domestically, startups compete with established Indian IT giants as well as other startups. Overseas, startups face competition from large international firms in countries like the US, China, and Israel. However, Indian startups have some advantages including a large talent pool, lower costs, and maturity in delivering outsourced projects. Experts advise startups to focus on niche solutions, world-class presentations skills, and overall value rather than price to compete successfully.
This document discusses key aspects of knowledge management including:
1. It introduces knowledge management, knowledge strategies, and the knowledge management systems life cycle.
2. It explains the knowledge management process which involves capturing, organizing, refining, and transferring knowledge through a progressive cycle.
3. It discusses how knowledge management drives organizational benefits like new products, markets, solutions, and more efficient processes.
Future Focus Infotech is an Indian IT consulting firm with over 2000 employees providing strategic IT HR consulting services through four brands - TechSource, TechSearch, TechSoft, and TechServ - to help customers address challenges in identifying, deploying, and managing their human resources. The company has offices across India as well as in the United States and United Arab Emirates, and works with large clients like IBM, TCS, and Infosys to provide staffing solutions and software development services.
Siemens Pakistan is a leading SAP solutions and systems integrator in Pakistan. It was the first value added reseller, certified implementation partner, and support partner for SAP solutions in Pakistan. Siemens Pakistan provides a full portfolio of SAP services including solutions, IT services, hardware/infrastructure, training, and consulting. It has a team of over 120 SAP experts and has trained over 1,300 consultants.
Cisco IT's Journey to Enterprise 2.0 and Beyond - #E2Conf-16lliu
The document discusses Cisco IT's journey towards an Enterprise 2.0 environment and integrated workforce experience. It notes that businesses now require secure and virtual collaboration across internal and external workspaces. The CIO is caught between competing employee demands for consumer-like tools and enterprise demands around compliance, security, and operational excellence. Cisco aims to deliver an integrated workforce experience through connecting people, communicating effectively, and collaborating internally and externally.
Ceo Talent Search Pvt Ltd Presentation (2)guestb28258
CEO TalentSearch is an integrated HR services provider with 4 verticals and offices in India and overseas. It was established in 2001 as a talent search entity under CEO Group, which was founded in 1999. CEO TalentSearch has over 100 professionals and more than 100 clients spread across 8 countries. It offers position-based recruitment and mass recruitment through its Way2Jobz initiative, which uses scientific screening tools. Some of its major clients that it has placed candidates for include Best & Crompton, EID Parry, India Cements, L&T, and PepsiCo.
Ceo Talent Search Pvt Ltd..Presentationshashinair05
CEO TalentSearch is an integrated HR services provider with 4 verticals and offices in India and overseas. It was established in 2001 as a talent search entity under the CEO Group, which was founded in 1999. CEO TalentSearch has over 100 clients across 8 countries and a team of over 100 professionals. It offers position-based recruitment and mass recruitment through its Way2Jobz initiative, using various talent sourcing methods and screening tools. Some of its major clients that it has placed candidates for include Best & Crompton, EID Parry, L&T, PepsiCo and others.
Novo Technologies offers managed business development services in India, including identifying products and technologies for the Indian market and helping international companies launch operations. Their SoLoMoIndia initiative focuses on social media, local content, and mobility. Novo provides infrastructure, management teams, and trade networks for clients with no upfront investment and revenue sharing models. They see opportunities in India across students, families, small/medium businesses, large corporations, and home offices. Novo proposes partnerships and alliances to provide infrastructure, marketing, sales, and support services to help clients enter the Indian market.
The document summarizes an information brochure for a conference on creating great workplaces. The summary includes:
1) The conference will feature case studies from top companies that are great workplaces, focusing on one area of uniqueness for each company.
2) Research findings from hundreds of companies will be presented to show what makes workplaces great.
3) Attendees will network and join a community to continue learning how to create great workplaces throughout the year.
Whodini is developing context-aware computing technologies that will allow users to view and interact with the world through various information services mediated by context. Key innovations will include context-mediated transactions against persistent user-generated content. Whodini's technologies are organized along the temporal dimension and will provide maturity models for information management from operational visibility to exploitation and innovation.
More than ever, as HR organizations strive to enhance both their business alignment and impact, decision support is becoming a key attribute of High Impact HR organizations. While many organizations struggle with how to make this happen, Bersin & Associates will present its research and a common-sense approach to building and maintaining a capability that both informs and drives business decision making. Participants will gain an understanding through a state-of-the-industry view of:
The importance and impact of quality HR measurement on talent and business outcomes.
How analytics helps address critical talent challenges organizations face today.
How to evolve and mature your analytics capability.
How current technologies can be readily leveraged to build an analytics capability that enhances both the prioritization and outcome achievement of your human capital initiatives.
This document discusses Cisco's "one bank, one architecture" solution for financial services companies. It addresses challenges such as increasing customer intimacy, minimizing risk, integrating applications, and reducing costs. The solution converges voice, data, wireless and video onto a single, secure network. This allows customers to transact anywhere anytime and gives employees a 360-degree view of customers. The goal is to improve customer service, security, and return on investment.
The document discusses challenges in the availability of skilled labor in India. It notes that only 20-25% of engineering graduates are employable due to lack of technical, language, and soft skills. Companies face difficulties recruiting qualified candidates across fields. There is a pronounced skills gap in both quality and quantity, and the current vocational training system is not adequately meeting industry needs. Rapid wage growth in India also threatens its competitiveness for outsourcing. Industries are responding by hiring foreign workers, establishing in-house training programs, and partnering with government and academic institutions on skills development. However, vocational education providers also face challenges in designing programs aligned with industry requirements.
The document discusses challenges in the availability of skilled labor in India. It notes that only 20-25% of engineering graduates are employable due to lack of technical, language, and soft skills. Companies face difficulties recruiting qualified candidates across fields. There is a pronounced skills gap in both quality and quantity, and the current vocational training system is not adequately meeting industry needs. Rapid wage growth in India also threatens its competitiveness for outsourcing. Industries are responding by hiring foreign workers, establishing in-house training programs, and partnering with government and academic institutions on skills development. However, vocational training providers also face challenges in designing programs aligned with industry requirements.
The document provides information about an upcoming conference organized by the Great Place to Work Institute. The conference will feature case studies of companies that have been recognized as best workplaces, and will provide insights into what makes these companies unique. It will also include presentations on original research findings and networking opportunities. Various HR leaders from top companies are scheduled to attend the conferences in Mumbai, Bengaluru and New Delhi.
The document discusses Tvarita, a business advisory firm that helps clients maximize potential and deliver value. It provides expertise in areas like talent strategies, leadership development, organizational culture and HR effectiveness. Tvarita uses a 3I model of strategic consulting, HR outsourcing/incubation, and learning services. It aims to help clients navigate today's complex, uncertain business environment through insight, implementation of solutions, and ensuring impact and results.
Riskpro India is seeking franchise partners to expand its human capital management services across India. As a franchise partner, you would gain access to Riskpro's brand, resources, and experienced professionals while running your own business with day-to-day autonomy. The initial investment is Rs. 150,000 plus taxes for a lifetime franchise fee with a 20% revenue share. Franchise partners would be provided with local contacts and support in sourcing resumes while being responsible for business development, billing, and statutory compliance in their area. The process involves submitting an application, payment, and signed agreement to become an authorized Riskpro franchise.
Dear Sir,
Riskpro-India – a specialized Risk Management Consulting firm based in Mumbai, India and with offices at Delhi and Bangalore is on an expansion spree and on the lookout for franchisees for its Human Capital Management Services division in Major cities & Metros in India. We expect from a Franchisee to have a reasonably furnished spacious office with the requisite systems and staff to enable to function a smooth running of the above business which brings in a regular revenue and income.
Human Capital Management Services (HCMS) – a division of Risk-pro, is a professionally run organization focused to provide customized HCM solutions to the corporates to bring un-matched value for them. HCMS inter-alia includes niche, complex and time-bound talent acquisition at all levels, complete employee payments outsourcing solutions, technical, behavioral and cultural trainings, employee retention strategy, employee satisfaction surveys, HR policy drafting and documentation, sharing industry-best practices etc.
Risk-pro also provides highly specialized services in the field of risk management, internal audits, forensic accounting, investigations, prevention of fraud, process reviews etc.
We take pride in saying that we are among the fastest growing consulting companies in India. Today, we have offices in Mumbai, Delhi, and Bangalore and it has already added eight member firms in Ahmedabad, Agra, Chennai, Gurgaon, Hyderabad, Jaipur, Ludhiana, and Pune. All our offices and member firms are well equipped and staffed with qualified professionals into HR management and consulting. We have plans that will help us sustain this growth. Our presence in almost all states of India and beyond by 2014, is almost certain.
In talent acquisition, a fine blend of technology and professional human touch has given us an edge over others where talent and profile matching is left to technology. We have a team that not only brings years of professional and rich experience in varied industries, but are passionate to make hitherto impossible things possible for the client. However, words do not have enough strength to reflect our true potential, and though, to get a sneak peek, we strongly urge you to visit our website and go through the attached document, but we would be delighted to have a face to face meeting with you/your HR / Corporate Heads.
We are confident, our approach, methodology and professionalism along with commitment towards long-term sustainable relationships, will impress you to pave the way for our alliance that will be mutually beneficial to both the organizations. Experience Risk-pro HCMS, experience the difference.
Please see attached the franchisee proposal document for Human Capital Management Services and draft agreement.
Please do suggest a convenient time and date for us to call on you so that we can discuss this proposal.
Regards
________________________________
Rahul Bhan
CA (India), MBA (Netherlands), CIA (USA)
The document discusses building capabilities for future growth through innovation. It mentions assessing innovation approaches, managing global networks, validating business cases, and developing absorptive capacity and market learning capabilities. The goal is linking relationships, networks, and the different parts of innovation to stimulate progress across three time horizons through peer-to-peer support and developing entrepreneurial mindsets.
Talent communities are more effective for hiring than talent pools. A talent community is like an intimate campfire gathering where an industry's experts, job seekers, employees, and others regularly share and collaborate. It allows multidimensional insights into candidates in a natural setting beyond resumes. Building talent communities engages both active and passive candidates and highlights their expertise, mentoring, and reputation within the community. This provides a more well-rounded view of candidates to make better hiring decisions than talent pools which are just static applicant databases.
Bookstores offer more than just books - they provide atmospheric escapes and community spaces. This article highlights 20 of the most stunning independent bookstores from around the world, including Seattle's Elliott Bay Book Company, Copenhagen's Ark Nova, and Melbourne's Readings. These stores were selected for their unique architectural designs, cozy atmospheres, and roles as cultural hubs in their communities.
Focus Infotech is an IT and HR consulting firm that provides software development services, consulting services, and end-to-end solutions. It has a presence in India, UAE, and the US. The company focuses on strategic technologies like SAP, Oracle, and Microsoft solutions. It aims to sustain growth while maximizing returns and improving human resource development. Focus Infotech is committed to building lasting relationships with its clients and people.
The document discusses several predictions about future trends:
- Within 15 years, society will be handling the mechanized, information, and biotech eras simultaneously, which will be challenging.
- The emerging biotech era will center around human life and shift management and corporate culture away from self-interest.
- Evolution will replace engineering and the arts will become more prominent as fields like MBA programs decline and are replaced by programs focused on values and ethics.
- The document provides suggestions for seeking challenge over pleasure by choosing difficult options that help strengthen character.
Benny explains to Nathan that he will not attend an upcoming social media conclave because it is exam time for students and past events of this nature have been used by students to curry favor with professors for better exam performance rather than providing valuable insights. Benny suggests they find out who the speakers are first before deciding to attend due to a negative experience at a similar past event held by VIT.
Ravi Kumar founded DilSeBol, a company that customizes merchandise like t-shirts and mugs with designs provided by customers. He was motivated by similar successful ventures in the US and felt the concept could work in India as internet usage was growing. DilSeBol allows customers to upload designs and complete the ordering process online. Ravi hopes TiE Chennai can help creative entrepreneurs like him access potential investors and customers.
Pravin Shekar is a serial entrepreneur who starts new ventures every few years. What began as part-time work led to multiple market research companies. His current company, Krea, specializes in healthcare market research. As a TiE Chennai member, Pravin mentors
This document provides an agenda for the TiE Chennai 2011 conference held on November 24th in Chennai, India. The agenda includes keynote speeches, panel discussions, and presentations from entrepreneurs and business leaders on topics such as entrepreneurial success, opportunities in small/medium enterprises, social entrepreneurship, and accessing capital. Some of the featured speakers include Kiran Mazumdar Shaw of Biocon, Chitra Ramakrishna of NSE, and Gopal Srinivasan of TVS Capital Funds. The conference aims to inspire and support the next generation of entrepreneurs in Chennai and Tamil Nadu.
The document defines opportunity as "a favorable juncture of circumstances" or "a good chance for advancement." It then promotes TiECON Chennai 2011, a conference providing entrepreneurial support through networking, information exchange, opportunities to raise capital and find mentors. The conference will feature keynote speakers, panel discussions on entrepreneurship topics, and pitch sessions connecting entrepreneurs to venture capitalists. A variety of participants from entrepreneurs to investors and professionals can attend.
This document summarizes key events from the TiECON 2011 conference in Chennai, India. It provides advice to entrepreneurs on networking at the event to share their ideas, meet mentors and investors, and gain new perspectives. The conference is described as an opportunity to promote projects and businesses to people who can offer support and guidance. Securing feedback and making connections with experienced industry members is emphasized as highly valuable for entrepreneurs.
Future communication experts must be able to handle scientific methods in order to be effective. This presentation is a simple view on how it can be done
Future Focus Infotech (FFI) is an IT services company that has won the Deloitte Technology Fast 50 India award for 2011 for its business performance in technology. FFI offers strategic IT-HR consulting and managed services with strong relationships with major IT companies. It has offices across India as well as in Dubai and the USA, and has established itself in the IT sector over 14 years. FFI is now looking to expand into the telecom segment with a new team headed by a telecom expert.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document discusses predictions for 2015 regarding mobile internet and device usage. It predicts that more people will access the internet via mobile devices than desktops by 2014. Mobile data traffic is expected to reach 75 exabytes in 2015, equal to 19,000 million DVDs. The number of mobile-only internet users is predicted to grow over 50-fold to 788 million by the end of 2015 as mobile devices surpass home PCs and people increasingly use their phones for tasks like transportation tickets and gaming.
This is from Sunday Times. Issue date 26th December 2010. Only for private circulation. Has no commercial intent whatsoever.
Thought I must share it with my friends who could probably benefit from it.. particularly the young men :)
An entrepreneur must have determination, a sense of dharma (right and wrong), and humility to be successful. Determination is more important than intelligence for taking action. Entrepreneurs should balance the interests of stakeholders like investors, employees, and customers. Success is defined by financial returns as well as employee and customer satisfaction. Money is necessary but should not be pursued through selfish or harmful means. Being an entrepreneur in India involves balancing family expectations around wealth distribution with rewarding achievement. Reforms are continuing to make India a better environment for entrepreneurship.
The document provides an agenda for the TiE Chennai conference. It lists the times, sessions, speakers and topics to be covered throughout the day-long event. The agenda includes sessions on awards, keynote addresses, panel discussions, and breakout groups covering various topics related to entrepreneurship such as accessing funding, emerging technologies, education sector opportunities, and changing faces of entrepreneurship. It also allocates time for networking, presentations to venture capitalists, and discussions on cloud computing opportunities. The full program information and registration details are available on the conference website.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
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+12349014282
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The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
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BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
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Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
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Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
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Economic Times -
1. R
CHENNAI 2011
24th Nov 2011 @ Chennai Convention Center
Dazzling Entrepreneur in managed HR Services Securing your Data!
Entrepreneurship has no specific path.
M.V. Subramanian (Mani as everyone For Mani, it was not a bed of roses despite initial successes. He says,
calls him), Managing Director and CEO “Our startup experience over the last one and a
“Only after 10 years of being an entrepreneur journey, I found the venture
of Future Focus Infotech, started as a half years was a roller-coaster ride. Sometimes
sustainable.” About the scalability of a business such as managed HR
management trainee with General we felt on top of the world and many times we
services, he observes, “There is large opportunity to scale. IT depends on
Electric in 1987. In 1994, the entrepre- felt so depressed,” thus sums up Pavan Thatha
human resources, and with India IT majors growing at a good clip, this is
neurial bug bit Mani, and he started a on his entrepreneurial experience.
bound to scale. Our service is required during recession and times of
share-broking firm. In 1997, he then growth.”
ventured to create his own brand - The brother duo of Pavan and Rakesh Thatha is
Future Focus Infotech, a strategic IT certainly not the first one in business. Using
Mani is on the Governing Council of TiE Chennai and mentoring entrepre-
and managed HR services company. Rakesh’s research in the area of security, the
neurs excites him,: “It’s an opportunity to learn more about entrepre-
brothers founded ArrayShield in 2010, and
With excellence of services as a premise, Future Focus Infotech has won neurial behaviour from various industries, of varying size and scale. This
developed a path-breaking patent-pending
many awards and recognitions, the latest ones being the Deloitte Fast 50 also helps me consolidate my thoughts and connect the entrepreneurs to
meet the right person for issues they face.” two-factor authentication product. In Pavan’s words, “a simple idea
in India, Deloitte Fast 500 Asia Pacific and Axis Bank- Dun & Bradstreet
shaped into a product capable of solving real-world hacking problems in
Business Gaurav Award
today’s highly networked world”.
ArrayShield provides security against identity theft, a serious issue today
Preserving wealth, Expanding Horizons: It is not surprising that ArrayShield has won innumerable awards and
recognition in its short span of existence with a robust growth trajectory
sustaining the enterprise Private Equity in Real Estate predicted for the future. “Fortunately we have been recognized in multi-
ple forums primarily because of the uniqueness and innovativeness of
by Vishal Jain, Managing Director,Barclays Wealth by Professor Thillai Rajan A, IIT Madras. our technology and product,” admits Pavan.
Venture Capital (VC) and other forms of Private Pavan explains that “initially we identified the low hanging fruits before
The growth of wealth brings for the entrepreneurs the fundamental issue
Equity (PE) play an important role in creating a targeting broader use-cases. One key lesson learned was that spending
– how to ensure progression of the business for the long term. What can
supportive ecosystem for entrepreneurship. At time with customer directly is irreplaceable.” On TiE Chennai’s hand of
we learn that allows the continuity of the family business and values post
IIT Madras, we have been systematically study- help, Pavan says, “The initial days as an entrepreneur are very lonely and
the first generation? As the business grows, entrepreneurs must have a
ing the VCPE industry in India for the last three TiE Chennai has created the right platform for upcoming entrepreneurs to
structure to manage succession, absorb new family members and criteria
years. The outcomes of the research have been reach out to mentors and other entrepreneurs who have gone through the
when a business should be exited.
produced in the form of an annual report series same phases before.”
Indian entrepreneurs need to segregate operating control of the business on the Indian VCPE industry. The 2011 report,
from beneficial ownership, mitigating business and family succession released recently, was focused on the Real Estate
risks. At an appropriate time, entrepreneurs need to move from an entre- sector. I will highlight some findings from this report to indicate how the
preneurial driven, unstructured culture to one dominated by profes- horizons of PE as we know it have expanded in the case of Real Estate Register Now:
sional managers. Management control should rest with professionals investments and what it means for entrepreneurs. The findings are based
[could be family members], as they are able to perform more e ciently. on an analysis of 290 PE deals in Real Estate during 2006 – 2010.
The beneficial ownership continues to rest with the owners, who provide Online: www.tiechennai.org
the vision and connections, and also enjoy the fruits [increase in firm The emergence of Real Estate Call: Ms Latha at 044 6515 4900
valuation] of e cient management.
The incidence of PE investments in Real Estate was virtually unheard of
Email: latha@chennai.tie.org
For this, families can have a separate Family Committee that provides before 2006. However, in the five year period ending 2010, the landscape
vision and direction, and a formal structure to communicate with has altered considerably. There has been an estimated PE investment of
Finding her calling in
management and amongst family members. This will allow entrepre- $17 billion (about Rs. 79,900 crores) in Real Estate during the five year
neurs to build larger institutions. period ending 2010. There were a total of 124 PE funds that were looking
Rural BPO’s
at making investments in the sector, of which 48% are Dedicated Real
As businesses grow, families will also expand and entropy will only Estate PE funds while the remaining 52% are General Purpose funds that
increase. The discontinuity will be di cult to manage if a formal family also make Real Estate investments. The share of Real Estate in the overall
structure is not in place to meet the needs of the next generation. PE investments in India as well as globally, indicates that this sector
Saloni Malhotra once joked that, among the largely
accounts for one third of total PE investments in India. This could partly
grey haired or bald men in the social enterprise
If a younger generation wishes to take over the business, then clear be attributed to the regulatory restrictions that exist in the sector today.
sector, she, a young woman, was not taken
criteria can be defined to determine their eligibility to succeed their Nevertheless, PE has emerged as an important source of funding in this
seriously. After meeting Dr. Ashok Jhunjunwala, the
elders. Succession must also take into account the changing role of sector which has di culties in accessing the conventional institutional
IIT-Madras professor who was fanatic about rural
women and their desire to be involved in the business. The lack of an debt markets.
India’s imminent growth, Saloni’s life took a
appropriate family structure can force a business to close after the first decisive turn. At 23, her only option to convince her
generation itself. Type of investments
physician parents was that she was going to work in
PE Investments in Real Estate can be made either at the level of holding IIT as neither of her parents understood what a rural business meant.
company or directly in the project SPV’s. Our analysis indicates that On her business model, Saloni says, “the key idea we agreed on was
investments in project SPV’s are twice as that of corporate level invest- finding new ways to add income to the rural economy.” Finding huge
ments. A ring fenced financing structure that is more often seen in the attrition among BPO employees who were largely from rural areas, Saloni
infrastructure sector is more becoming common in the real sector as well. hit upon the idea of a rural BPO. DesiCrew was born in 2007. In four years,
This indicates that investors are willing to make investment decisions Saloni has become a mascot of a young entrepreneur bringing decisive
based more on the strength of the individual projects, rather than on just change in the social enterprise sector.
Owners should exit their business if it is not e ciently managed or if it the financial capability of the promoters. In SPV type of investments, exit
is likely to be more phased corresponding to project completion and the This was not without challenges. She had to fight a bitter, nerve-wracking
receives exceptional valuations. A control-and-hold behavior will simply
sale of apartments, rather than by way of IPO or M&A. Thus the pressure battle to take possession of assets that a franchisee took with him after he
not enable success. The cash flows received from the sale of business can
on the entrepreneur to provide a single defining exit moment is consider- exited. Sensing the folly of the franchisee model, Saloni tweaked her
be invested in new initiatives that enable the new generations to invest
ably lesser in real estate as compared to other sectors. business model to establish centres in four locations, three in Tamil Nadu
their skills. We need not throw away the characteristics of the entrepre-
and one in Karnataka. Saloni has finally managed to win the trust of her
neur business – work ethic, perseverance, dedication, flexibility, ability
Penetration to Tier 2 cities employees in making them work at their home towns in villages rather
to deal with diversity, customer focus -- but to blend what has been
than migrate to cities in search of employment.
learned about customer focus and diversity, for example, into a
performance-driven structure. Most of the Real Estate development has been traditionally seen in Tier 1
cities. However, we find that the total PE investment in Tier 2 cities is as With the help of the leadership team, Saloni was well on her way to realize
much as that of Tier 1 cities, indicating that PE investors have been more her vision of a rural BPO, a novel concept when she started it. Rajiv Kuch-
Entrepreneurs have shown their ability to adapt to the changing
forthcoming to support projects beyond the boundaries of Tier 1 cities. hal, an angel investor, RTBI in IIT-Madras headed by Dr. Jhunjunwala and
economic environment and deal positively with the uncertainties in the
Not only do they make investments, but they also make larger invest- Villgro, a social enterprise incubator, o ered her unstinted support. As
market place. It is vital that changes in the family and business structure
ments in Tier 2 cities. DesiCrew scaled up, Ramesh Magnati has joined as the CEO recently.
also match the changing economic environment.
Hail Chennai! About her idea of social entrepreneurship, Saloni says, “Social entrepre-
neurship is about making a positive impact. The idea is to look at business
R
For the curious minded, I would like to highlight an interesting trend with social impact. It’s slightly harder to do.” She is excited to be the
that we observed in Chennai. While Chennai occupies the third slot (the winner of TiE Stree Shakti award this year, which she thinks is special as
CHENNAI 2011 top two being Mumbai and Bangalore) among the six metro cities in terms “the best minds in the country evaluate your idea.”
of PE investment in Real Estate, the average amount of investment per
TiE COIMBATORE –
TiE Chennai Entrepreneur Awards 2011
deal is the highest among all metro cities ($95.33 million in Chennai
versus the overall average of $51.78 million for the six metros). This
new kid on the TiE Block
Event Sponsor probably, is an indication of the project strengths and the resilience of the
sector in Chennai!
TiE Coimbatore is the newest addition to the TiE Global network. TiE
Coimbatore serves the greater Coimbatore region which comprises of
Coimbatore, Tirupur, Erode, Salem, Namakkal & karur , Ooty and polla-
chi districts. Known for its entrepreneurial nature the region has entre-
preneurs from varied industries.
The chapter which was launched in Nov 2010 by Mr. P.K. Agarwal, CEO,
TiE Global and Mr. Ramaraj, Trustee ,TiE Global & Past President, TiE
Chennai. This is the 17th chapter of TiE in india and 56th worldwide and
has 130 members (including 27 Charter Members) and this number keeps
growing! The members are drawn from a broad spectrum of industries
and businesses. Anusha R. Mahesh CEO of park Institutions is the current
president.
“The region has entrepreneurs of all industries of all sizes, small medium
and large, TiE Coimbatore has something to o er for all , we would like to
play an important role in enhancing the Entrepreneurs’ capabilities to
achieve global standards in quality , size , provide ample networking to
take their businesses to the next level, we invite all entrepreneurs to
make use of TiE Coimbatore for their growth. “ said Anusha.R Mahesh
president TiE, Coimbatore. We also have lot of student initiatives to foster
entrepreneurship among the youth, she added. The past year various
programs were conducted on social media, design thinking, Funding,
business model development, importance of networking and innovation
in business etc.
Best Wishes