SlideShare a Scribd company logo
www.csrajivbajaj.com
c
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“The foundation stones for a balanced success are honesty,
character, integrity, faith, love and loyalty...”
Law Updates:
 The proposed payments banks, for which the Reserve Bank of India
(RBI) provided licences to 11 companies earlier this week, will change
the country's banking habits. The licence will allow companies to collect
deposits (initially up to Rs 1 lakh per individual), do internet banking,
facilitate money transfers, and sell insurance and mutual funds.
ATM/debit cards can be issued but not credit cards.
 A P Shah committee has recommended that foreign institutional
investors (FIIs) shall be granted relief on Minimum Alternate Tax
(MAT) for the period before April 1, 2015.
 Addressing a meeting on Competition Law organised by Bangalore
Chamber of Industry and Commerce (BCIC) in association with
Lakshmikumaran & Sridharan as knowledge partners, Bunker stressed
that Board Members/ CEOs have the responsibility to create
compliance culture within their organisations otherwise there is a
chance of these organisations getting on the wrong side of competition
laws and landing up with huge penalties.
 The Competition Commission of India (CCI) will facilitate electronic
filing of documents, including for its approval of merger and acquisition
(M&A) proposals, with effect from October 1. The move would help in
faster disposal by CCI of M&A cases, whose numbers have been on an
uptrend and may increase further by 20 per cent this year.
PROFESSIONALS INPUTS:
 Vide RBI Circular ref RBI/2015-16/157 A.P. (DIR Series) Circular No. 9
dated August 21, 2015, RBI has enabled online filing of the Foreign
Currency Transfer of Shares (FCTRS) returns for reporting transfer of
shares, convertible debentures, partly paid shares and warrants from a
person resident in India to a person resident outside India or vice versa.
 MCA has issued Webcast notice In the matter of M/s. Elme Private
Limited and other companies.
 SEBI has issued list of Registered Alternative Investment Funds as on
June 30, 2015.
MARKET WATCH:
SENSEX: 27366.07 -241.75 NIFTY: 8299.95 -72.80
SILVER: 36204.00 -106.00 GOLD (MCX): 27216.00 367.00
USD/INR: 65.83 0.28 CRUDE OIL: 2690.00 -64.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 22nd August, 2015
www.csrajivbajaj.com
SRIRAM SUBRAMANYA
Founder, Managing Director & CEO, Integra Software
Services Pvt. Ltd
“Integra is a pioneer in the industry, in so far as being extremely
process oriented. We have the wherewithal to leverage automation
through technology for improving productivity and saving costs...”
Think of e-publishing industry in India and the name that comes to mind immediately
isIntegra Software Services, the Puducherry-based e-publishing company. From a DTP
company providing typesetting services, the company has grown tremendously to an MNC spreading its wings to
USA, UK and Spain. The success story scripted by the founder and CEO Sriram Subramanya through his tremendous
dedication, skill and commitment is worth telling.
BRIEF PROFILE:
A Mechanical Engineering Graduate of the 1982-86 batch of Annamalai University, Sriram has a passion for
technology and new gadgets. Deeply spiritual in nature with an interest in Carnatic Classical Music, Sriram is also an
active sportsperson, who enjoys table tennis, swimming, and has recently taken up golf.
CAREER PROFILE:
Sriram Subramanya is the Founder, Managing Director & CEO of Integra Software Services, an 1100 employee
Company and one of the top Digital, eLearning and Content Service providers to the Publishing Industry, globally. As
the chief visionary and architect behind the growth of Integra, Sriram conceptualized and implemented operations to
realize Integra’s vision, by building an organizational culture that is recognized worldwide for delivering innovative
and high quality services to global Publishing Companies.
After completing BE mechanical engineering from Annamalai University, Tamil Nadu, and gaining the required
exposure by working for nine years with three companies in Bangalore, Chennai and Puducherry, he initiated this
company in 1994 with his wife Anu and a five-member team right from his home. Later he moved to a 14 different
buildings in Jawahar Nagar and finally to the company’s own building in 2006 on a 70,000 square feet land on East
Coast Road near Pakkamudiyanpet. In fact he started the company at a time when youngsters were flying off to USA
for lucrative jobs — he was determined to succeed as an entrepreneur.Integra has witnessed a compound annual
growth rate of 28 per cent for the past four years. It has also acquired two companies in USA and also launched its UK
subsidiary. Integra also offers editorial development, new media services (e-learning) and language polishing. The
company has handled over 1.25 million typeset pages so far. Employee strength has crossed 1,300. Integra is probably
the biggest employment provider in Puducherry. Women constitute 60 per cent of the staff.
Sriram has just ventured into the business of fresh, organic, fruits and vegetables, sorted and packed, under the brand
name of ‘Farmerie’. The brand addresses the needs of the consumers seeking safe food and also provides sustainable
livelihood for farmers. Also on the cards, is the launch of natural, traditional, organic and wellness food products, the
R&D for which is underway.
CORPORATE SOCIAL RESPOSIBILITY:
With a deep commitment towards working for the welfare of the underprivileged, Sriram launched the ‘Sriram
Charitable Trust’ which has benefited thousands of poor, sick, needy and underprivileged people in areas of
healthcare, women empowerment, funding of education, social rehabilitation and rural upliftment. The Trust also
works in helping the Government for better Governance as well as in the area of the environment, carrying out tree
planting on an extensive scale. Website: http://sriramcharitabletrust.org/. Under the leadership of Sriram, Sriram
Charitable Trust had also launched Puducherry Vision 2025, in collaboration with CII, for the development of
Pondicherry, involving all stakeholders.
AWARDS & ACCOLADES:
During the course of his exciting journey as an entrepreneur, a plethora of awards and recognitions have come his way
and that of his Company. Starting with the Vocational Excellence Award from the Rotary Club, as early as 2002, and
Trailblazer Awards from the Times of India Group in 2008 and 2011, Sriram was featured recently by best-selling
Author and Entrepreneur, Rashmi Bansal, in her book ‘Take me Home’. His Company, Integra, too, has been raking
in the Awards from organizations as diverse as MAIT, Star News, inc.India and NASSCOM which had recognized
Integra with the Gender Inclusivity Award.
A past Chairman of the CII, Puducherry, 2008-09, Sriram is on the Southern Regional Council of CII and on various
committees of the CII as well. A member of NASSCOM as well as Chambers of Commerce such as the Indo American
Chamber of Commerce, the Indo Japan Chamber of Commerce and the Indo German Chamber of Commerce, Sriram
is also on the CII National Innovation & Entrepreneurship Council.

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Newsletter dated 22nd August, 2015

  • 1. www.csrajivbajaj.com c THOUGHT OF THE DAY THOUGHT OF THE DAY “The foundation stones for a balanced success are honesty, character, integrity, faith, love and loyalty...” Law Updates:  The proposed payments banks, for which the Reserve Bank of India (RBI) provided licences to 11 companies earlier this week, will change the country's banking habits. The licence will allow companies to collect deposits (initially up to Rs 1 lakh per individual), do internet banking, facilitate money transfers, and sell insurance and mutual funds. ATM/debit cards can be issued but not credit cards.  A P Shah committee has recommended that foreign institutional investors (FIIs) shall be granted relief on Minimum Alternate Tax (MAT) for the period before April 1, 2015.  Addressing a meeting on Competition Law organised by Bangalore Chamber of Industry and Commerce (BCIC) in association with Lakshmikumaran & Sridharan as knowledge partners, Bunker stressed that Board Members/ CEOs have the responsibility to create compliance culture within their organisations otherwise there is a chance of these organisations getting on the wrong side of competition laws and landing up with huge penalties.  The Competition Commission of India (CCI) will facilitate electronic filing of documents, including for its approval of merger and acquisition (M&A) proposals, with effect from October 1. The move would help in faster disposal by CCI of M&A cases, whose numbers have been on an uptrend and may increase further by 20 per cent this year. PROFESSIONALS INPUTS:  Vide RBI Circular ref RBI/2015-16/157 A.P. (DIR Series) Circular No. 9 dated August 21, 2015, RBI has enabled online filing of the Foreign Currency Transfer of Shares (FCTRS) returns for reporting transfer of shares, convertible debentures, partly paid shares and warrants from a person resident in India to a person resident outside India or vice versa.  MCA has issued Webcast notice In the matter of M/s. Elme Private Limited and other companies.  SEBI has issued list of Registered Alternative Investment Funds as on June 30, 2015. MARKET WATCH: SENSEX: 27366.07 -241.75 NIFTY: 8299.95 -72.80 SILVER: 36204.00 -106.00 GOLD (MCX): 27216.00 367.00 USD/INR: 65.83 0.28 CRUDE OIL: 2690.00 -64.00 CS Rajiv Bajaj 9811453353 Bajajr66@gmail.com youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 22nd August, 2015
  • 2. www.csrajivbajaj.com SRIRAM SUBRAMANYA Founder, Managing Director & CEO, Integra Software Services Pvt. Ltd “Integra is a pioneer in the industry, in so far as being extremely process oriented. We have the wherewithal to leverage automation through technology for improving productivity and saving costs...” Think of e-publishing industry in India and the name that comes to mind immediately isIntegra Software Services, the Puducherry-based e-publishing company. From a DTP company providing typesetting services, the company has grown tremendously to an MNC spreading its wings to USA, UK and Spain. The success story scripted by the founder and CEO Sriram Subramanya through his tremendous dedication, skill and commitment is worth telling. BRIEF PROFILE: A Mechanical Engineering Graduate of the 1982-86 batch of Annamalai University, Sriram has a passion for technology and new gadgets. Deeply spiritual in nature with an interest in Carnatic Classical Music, Sriram is also an active sportsperson, who enjoys table tennis, swimming, and has recently taken up golf. CAREER PROFILE: Sriram Subramanya is the Founder, Managing Director & CEO of Integra Software Services, an 1100 employee Company and one of the top Digital, eLearning and Content Service providers to the Publishing Industry, globally. As the chief visionary and architect behind the growth of Integra, Sriram conceptualized and implemented operations to realize Integra’s vision, by building an organizational culture that is recognized worldwide for delivering innovative and high quality services to global Publishing Companies. After completing BE mechanical engineering from Annamalai University, Tamil Nadu, and gaining the required exposure by working for nine years with three companies in Bangalore, Chennai and Puducherry, he initiated this company in 1994 with his wife Anu and a five-member team right from his home. Later he moved to a 14 different buildings in Jawahar Nagar and finally to the company’s own building in 2006 on a 70,000 square feet land on East Coast Road near Pakkamudiyanpet. In fact he started the company at a time when youngsters were flying off to USA for lucrative jobs — he was determined to succeed as an entrepreneur.Integra has witnessed a compound annual growth rate of 28 per cent for the past four years. It has also acquired two companies in USA and also launched its UK subsidiary. Integra also offers editorial development, new media services (e-learning) and language polishing. The company has handled over 1.25 million typeset pages so far. Employee strength has crossed 1,300. Integra is probably the biggest employment provider in Puducherry. Women constitute 60 per cent of the staff. Sriram has just ventured into the business of fresh, organic, fruits and vegetables, sorted and packed, under the brand name of ‘Farmerie’. The brand addresses the needs of the consumers seeking safe food and also provides sustainable livelihood for farmers. Also on the cards, is the launch of natural, traditional, organic and wellness food products, the R&D for which is underway. CORPORATE SOCIAL RESPOSIBILITY: With a deep commitment towards working for the welfare of the underprivileged, Sriram launched the ‘Sriram Charitable Trust’ which has benefited thousands of poor, sick, needy and underprivileged people in areas of healthcare, women empowerment, funding of education, social rehabilitation and rural upliftment. The Trust also works in helping the Government for better Governance as well as in the area of the environment, carrying out tree planting on an extensive scale. Website: http://sriramcharitabletrust.org/. Under the leadership of Sriram, Sriram Charitable Trust had also launched Puducherry Vision 2025, in collaboration with CII, for the development of Pondicherry, involving all stakeholders. AWARDS & ACCOLADES: During the course of his exciting journey as an entrepreneur, a plethora of awards and recognitions have come his way and that of his Company. Starting with the Vocational Excellence Award from the Rotary Club, as early as 2002, and Trailblazer Awards from the Times of India Group in 2008 and 2011, Sriram was featured recently by best-selling Author and Entrepreneur, Rashmi Bansal, in her book ‘Take me Home’. His Company, Integra, too, has been raking in the Awards from organizations as diverse as MAIT, Star News, inc.India and NASSCOM which had recognized Integra with the Gender Inclusivity Award. A past Chairman of the CII, Puducherry, 2008-09, Sriram is on the Southern Regional Council of CII and on various committees of the CII as well. A member of NASSCOM as well as Chambers of Commerce such as the Indo American Chamber of Commerce, the Indo Japan Chamber of Commerce and the Indo German Chamber of Commerce, Sriram is also on the CII National Innovation & Entrepreneurship Council.