Company In Focus 2022 by Business Connect

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

THE INTRIGUING RELATIONSHIP OF BUSINESS AND LIFE – ONE ENTITTY FOSTERING OTHER’S EVOLUTION

To evolve means not only to enlarge but also to transform into a better version. This notion can be attached to any entity imaginable. Whether it’s business or life, evolution is something both need to go through. I’ve spent years writing about entrepreneurs and their ideas, and one thing that I found that is the same in life and business is relationships and communication. Relationships, be they personal or professional, require good communication to succeed. Alongside these, both the facets need to be disruptive. A disruptive company is always evolving, allowing it to explore new possibilities and avoid becoming saturated. “Life also has the same concept.” A person constantly putting effort into being a better version of themselves will always be limitless. From this, one thing is certain: life and business are similar on many accounts. Besides being similar, business and life are intertwined as well. In fact, business plays a big role in the process of human evolution. A business produces lifestyle-transforming products. It reaches out to the market and communicates with a targeted audience through various channels. When customers find value in the offerings, they develop a fondness for the brand, which matures into a relationship. We all have such relationships with our favorite brands. They seek to see us not just grow but also be a better version of ourselves, which in turn keeps them on a growth curve. In our entrancing edition, “Company in Focus 2022,” we are giving a spotlight to this business-life relationship. This time, GM Modular will be on our cover page. The company is a world leader in modular switches and a household name for reliability and quality. Keeping a keen eye on business-life relationships, we have enlisted a collection of business entities whose offerings are helping people evolve. Or we can say helping them rethink how they are leading their lives. We certainly hope you will appreciate our efforts in creating this edition. Peace!

Indranil Roy Indranil@businessconnectindia.in

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Business Head ASHISH KUMAR

Creative Director ASHUTOSH OJHA

Creative Team Rajat Pathak | Sakshi Negi | Vishant Saroj | Pawan Yadav Legal Affairs Mukesh Kumar Human Resources Nivedita Basu Digital Marketing Manager Anurag Tiwari

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GM MODULAR ILLUMINATING LIVES WITH SMART INNOVATIONS Page No. 10

SUCCESS STORY Dietrich Mateschitz: How a Thai drink became Red Bull

AVERTECH SERVICES PVT. LTD.

An Innovative IT Venture by Jitendra Bauddha Offering Strategic Cloud Solutions

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BRIVAN CONSULTANTS PVT. LTD.

Transforming The Consulting Space With New-Age Solutions And Unique Amenities

LIFESTYLE

Tips For Getting Your Business Ready For The Festive Week

From Corporate America to Corporate India

IDBI INTECH LIMITED (INTECH)

Next-Gen ‘Maestro’ In Software Testing And Quality Assurance…

LAUNCHPAD New Tech Arrivals that can ease your life

Table of

IMPACTQA

NET WORTH Amazon Net Worth

Contents

Incorporated In 2000, Idbi Intech Limited (Intech)

PAYAL NANJIANI

INSOLARE ENERGY PVT. LTD.

The Duo Of Two Visionary Leaders Positions “Positex” as a Frontrunner in the Sportswear Fabric Business

TECHICOM INDIA PVT. LTD. Kumash Shah: An Epitome Of Dedication, Passion & Determination In Constant Pursuit Of Excellence

Renewables Energy Epc Company Spearheading The Mission Of Wide-Ranging Solar Adoption

POSITEX PVT. LTD.

UP2DATE Be connected with the happenings around the world

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

JAYANTH JAIN CEO, Managing Director

GM Modular

ILLUMINATING LIVES WITH SMART INNOVATIONS

Indranil Roy | Business Connect here was a time when people dreamt of products that could make their lives faster, smoother, and more convenient. But since the global digital revolution, those dreams are now a reality. From smartphones to smart living, it has broken new ground towards upgrading our lifestyle. Speaking of which, smart homes are a critical demonstration of technological dynamism and human ingenuity. But how does it reshape our lives? Well, home is where the comfort is. But true comfort lies in living smart & simple. Everyone wants automation, comfort, and freedom, which is precisely what a smart home offers. It

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COVER STORY enables person to control lighting, AC, curtains and much more with a smart device or voice. On the other hand, it assists in energy conservation, which is a critical concern for the world. Given the advantages, it is logical to state that it offers the highest levels of security, comfort, energy efficiency, and simplicity. The concept of a smart house is escalating traction in India. The sub-continent has the 2nd largest digital market in the world, given its cheap data costs, increased disposable income, and lower hardware costs. Also, the consumers’ choices are becoming sleeker, which spurs the need for smart products, and homes are growing smarter for this niche audience. The Indian smart home market has become fiercely intense over the last 20 years. While everyone is striving to be the best, a brand with a stellar record of meeting commitments earns people’s trust. This brings GM Modular into the picture. For the last 2 decades, the company has been leading the charge in developing cutting-edge yet cost-effective smart home solutions.

RAMESH JAIN Chairman

A LEGACY OF INSPIRING & SIMPLIFYING LIFE

Founded in 2002, GM has a strong legacy in the Indian market for innovative switches and home accessories. Precisely, they have revolutionized both the categories with a focus on offering a better living.

CHRONOSCOPE:

•Modular Switches In 2004, GM introduced the first modular polycarbonate switches, called “Four Five”, ushering in an industrial revolution. The modular switches were designed with the ideology of four walls and appealed to five senses. Very quickly, it attracted a lot of positive attention because of its design, safety and convenience, and it helped the company build its place in the homes and hearts of its customers. •LED Lights After setting a benchmark in the switch sector, GM launched the ‘G-Lux’ series in the LED lighting market in 2016. As the first modular LED light, the product became a game changer for both the

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THE FACTORS THAT MAKE THEM COMPETITIVE

GM has established a strong presence via diligence and dedication, but it never stops pursuing excellence. By the end of 2022, the Indian smart home market is anticipated to generate US$ 4.87 billion. Its revenue will seemingly grow at an annual CAGR of 13.52% over the next four years, with a predicted market size of $8.08 billion by 2026. The data clearly reveals the vigilance of each brand, including GM. GM’s manufacturing facility is spread around 2.5 lakh sq. ft. with the most efficient and high-grade machinery that produces the finest quality products. Their mission to develop quality products that also incorporate the sustainability factor. GM uses eco-friendly raw materials to reduce environmental impacts, while empowering local communities by promoting local initiatives. Its categorical versatility and path-breaking innovations at a reliable price makes it a one-stop-shop for end-to-end electrical solutions.

EFFICACY OF R&D

“Innovation basically involves making redundant that which you did before.” The phrase perfectly captures how GM has built a niche in catering to a tech-upgraded lifestyle. R&D strategies are a major contributor to this. The company has a dedicated and genius team that constantly breeds life into innovative ideas (LED lights, Wi-Fi switches, fans, etc.). Each of its flagships, especially their design, safety, and convenience, complements the focus on R&D. They also have in-house divisions for branding, manufacturing, and product design. Together, they not only offer total control over product design and cost but also ensure the highest-quality output. Every product passes a thorough screening process, safety tests, and quality assurance evaluations, ensuring the highest standards.

KUMARPAL BANDA Director

sector and the company. GM quickly soared to greater heights in the LED sector, introducing more premium LED products. It also partnered with Occhio—a premium lighting solution from Germany—to cater to the high-end audience in the country. In the same year, they also introduced safety products like switchgear (MCB, DBs, RCCBs, isolators, etc.) •Home Appliances Two years after innovating LED lighting, GM entered into home appliances and launched an attractive range of ceiling, pedestal, ventilation, and personal fans. The innovation and quality used helped the company become one of the top fan manufacturers in the country. With time and focus on technological innovations, GM expanded its portfolio with creative and innovative products. Today it has a portfolio of ground-breaking products, including next-generation WiFi switches, home automation, LED lights, fans, Bluetooth music players, home security products, appliances, and much more to ensure comfort in every home. Its diligence and penchant for innovations have helped it carve a space for technological enhancement in every home.

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COVER STORY The amalgamation of these elements allows it to meet customers’ ever-evolving needs and earn their trust. The team also helps the company anticipate change and respond creatively with tech-infused solutions. Being responsive to changes keeps them aware of changing needs, ultimately helping to create the best customer experiences.

A PARADIGM IN TECHNOLOGICAL EXCELLENCE

R&D and technology are the two sides of product excellence, and one cannot function without the other. If R&D brings ideas to life, technology gives them structure. Their fusion is what gives GM a silver lining, and the products and delighted consumers are evidence of that. It’s known for providing peace of mind to homeowners, allowing them to monitor homes remotely, and have control over lights/fans that are left on or making sure if the front door is locked. Its exclusive home automation tools keep homeowners connected from anywhere. Be it lighting up, playing your favourite song, controlling the blinds, or creating a relaxing atmosphere, everything is manageable without moving a muscle. The automation systems are extremely beneficial for the elderly. GM has demonstrated success with the launch of IoT-enabled products like lights, fans and other home automation products which can be easily operated by smart phones from anywhere. They are constantly understanding the market to get their hands on innovative technologies to cater to the changing needs of customers.

THE LEADERS BEHIND THE EXPONENTIAL SUCCESS

A company’s ability to succeed depends on its employees’ ability to make wise decisions and act morally and productively. But ultimately, it comes down to the leader’s ability to drive results. Every company is born with a vision, and leaders keep the company in line with it. GM is fortunate to be led by a trio of ardent industry titans, Mr. Ramesh Jain (Chairman), Mr. Jayanth Jain (CEO & MD) and Mr. Kumarpal Banda (Director). Mr. Ramesh has thirty years of expertise working with switches in the electrical industry. He is skilled at directing daily operations and making strategic decisions in order to accomplish longterm corporate objectives. His expertise and leadership skills inspire GM to pursue excellence. Mr. Jayanth Jain is a genuine visionary and a conscientious businessman dedicated to meeting the changing demands of his clients. His focus on top-notch quality and innovating in the home electrical and automation space has shaped many

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world-class ideas. Lastly, Mr. Kumarpal Banda brings years of leadership expertise from various industries. His top priority is making sure the company maintains a reputation for reliable and environmentally sound products. He makes sure that eco-friendly raw materials are used in production and that other sustainable concerns are managed effectively. Their vision and insight into the market have helped build its R&D team and onboard product designers that have introduced ground-breaking products for various commercial and household needs. By emphasizing the need to be customercentric, the dynamic trio is leading GM to spearhead the efforts towards catering to an evolved lifestyle. To put it briefly, their efforts allow GM to be flexible, have an integrated marketing strategy to connect with target audiences, invest in R&D, and have strong teamwork ethics to drive growth and significantly impact people’s lives. Their efforts have resulted in a plethora of proud achievements that reflect the company’s uncompromising quality benchmark.

CONTRIBUTED BY A LIKE-MINDED CREW

People are the heart and soul of any company. Being cooperative, mutually respectful, and empathic towards one another aids success in any market and under any obstacle. Such a team is a blessing, as it ensures similar values across all echelons. GM is an ecosystem of professionals and experts in operations, advertising, marketing, sales, management, and more. Such a team enables GM to forge its own path with unique ideas. Its expertise complements its 6 Core Values: Innovation, Integrity, Passion, Customer Focus, Teamwork, and Safety. “Each day, we live by them,” says

Mr. Ramesh Jain. He further adds, “They guide our every move towards our end goal-

making living spaces smarter, stylish, and safer with each and every product.” It follows

a top-down business model that ensures transparency and seamless communication across all echelons.

The open culture allows every employee to voice their ideas and take part in achieving a common goal. “Every team member can contribute to the expansion of the company. The company has a colossal workforce of 1300+ people, who maintain a consistent level of efficiency throughout all sites.

RAISING A TOAST TO AN ENTHRALLING JOURNEY

Having established numerous firsts in the last two decades in the switch and appliance industries, GM has

We have designed our internal guidelines in a way that each employee has an equal chance to succeed and benefit greatly, explains Mr. Jayanth Jain

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COVER STORY

unquestionably carved out an indelible niche. It’s counted as one of the most trusted brands by consumers and industry experts, including architects, interior designers, lighting consultants, builders, and electricians. Its efforts towards driving a necessary revolution have been honored with numerous prestigious awards. Few of the notable mentions include:

• • • • • • • •

INEX AWARDS 2021: Best Brand of the Year in the Home Electrical Category INEX AWARDS 2021: Best CEO of the Year in the manufacturing segment Realty + Interior Exterior Awards 2020- Brand of the Year and CXO of the Year Realty Plus INEX Awards 2021- Brand of the Year in the Home Automation category AsiaOne leadership and brand award 2021 - Asia’s greatest brand and leader award (Asia, Africa & the Middle East) WCRC Geneva Awards 2021 - Asia’s most promising brand and Asia’s most trusted CEO Only Indian brand to associate with Occhio, a premium lighting brand from Germany Iconic Brands of India 2022 by The Economic Times

Mr. Kumarpal Banda reflects on this milestones saying,

Our road was not simple. However, we had a distinct goal and plan. Our edge comes from our deeper awareness of the local context and consumer trends. Millions of people all across the world have accepted GM Products in their homes.” In the last three years, GM has effectively scaled the business by 25% yearly due to the rising demand for smart home products and home appliances in the global market. Long story short, GM is at the forefront of making the smart home a mainstream trend with its constant innovations, excellent quality, and ground-breaking products.

DEDICATED TO MAKING LIVES BETTER

GM’s drive to modernize living has touched millions of people and been rewarded with praise and accolades. The corporation is planning a two-pronged strategy for expansion and moving ahead. In the beginning, it aims to broaden and expand its product line to include other items like geysers, iron boxes, cookware, etc. It has already introduced a new line of fans that brings soothing air to every room in the house. Knowing its trajectory, the company will undoubtedly make other innovations. At the same time, they want to increase their commercial presence worldwide. Even though the company is well-represented in powerful economies, there is still room for growth. Ultimately, GM wants to make life more comfortable and convenient for every household on the planet. With its dual strategy, the company will undoubtedly introduce new products and establish new footholds. At the same time, the efforts will help in uncovering new horizons of innovation with the same vision.

A THOUGHTFUL NOTE FROM THE FOUNDERS

“Putting your best effort out today is the finest preparation for tomorrow. It serves as both our success mantra and the guiding principle for innovations. With our release of newer and elevated products, we are all certain to switch to a better world.”

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DIETRICH MATESCHITZ SUCCESS STORY

HOW A THAI DRINK BECAME RED BULL

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

ietrich Mateschitz Is An Austrian Business Magnate Who Co-Founded Canned Energy Drink Brand Red Bull Gmbh With His Thai Partner Chaleo Yoovidhiya And Owns A 49% Stake In The Company. Mateschitz’s Net Worth Was Estimated To Be $25.4 Billion As Of October 2021. One Of The 100 Richest People, Dietrich Mateschitz Owns Several Sports Teams And A Few Media Houses. Dietrich Enjoys A Lavish Lifestyle And Has A £7 Million Investment In Laucala Island, Fiji. He Recently Spent $1.7 Million On A Submarine For His Resort’s Visitors. In Addition To This, He Has His Own Private Airport And Hangar And A Pilot’s Licence. In Addition To The Flying Bulls, An Exclusive Collection Of Aircraft, He Owns A Racing Team. Quick Facts:

Name: Dietrich Mateschitz Nationality: Austrian Net Worth: USD 25.4 billion as on October 2021 Education: MBA in Marketing from Vienna University of Economics and Business Austria Occupation: Businessman Designations: Founder of Red Bull Date of Birth: May 20, 1944 Age: 84 Birthplace: Sankt Marein im Mürztal, Austria Marital Status: Never Married Spouse’s Name: Marion Feichtner(Partner) Children: 1 son Hobbies: Fly his private planes, formula one fan

Early life

Dietrich Mateschitz was born to an Austro-Slovenian family in Sankt Marein im Mürztal, Styria, Austria on May 20, 1944. His parents are both natives of Styria. Although his father was born in Gross Gerau, Germany, the Maribor area of Lower Styria (today in Slovenia) is where his father’s extended family hails from. When he was a young child, his parents—who were both primary school teachers—separated. Mateschitz was raised by his mother.

Dietrich Mateschitz’s Career

Dietrich Mateschitz took 10 years to finally earn a marketing degree in 1972 from the Hochschule für Welthandel which is now Vienna University of Economics and Business. The very first job which he did was at Unilever, where he marketed detergents. He then went to work for Blendax, a German cosmetics company now owned by P&G. Dietrich Mateschitz’s job entailed marketing the Blendax brand of toothpaste, which required him to travel frequently. On one such business trip to Thailand, he discovered Krating Daeng, a Thai Syrupy energy-boosting drink that cured his jet lag. Dietrich made the decision to create his own energy drink because he liked the taste of the drink.

Along with Heinz Kinigadner, he co-founded the Wings for Life foundation, which promotes spinal cord research. The foundation started hosting the Wings for Life World Run in 2014 to raise money.

How Red Bull Started?

On one occasion, Dietrich drank a Thai syrupy beverage that gave him a boost of energy right away. In light of this, he made the decision to create his own beverage and joined forces with Chaleo Yoovidhya to carry it out. With each partner taking 49% of the total share, the company’s remaining 2% was distributed to Yoovidhya’s son. There was no market for energy drinks when Red Bull was founded, but Dietrich knew his product would create one. Many people dismissed it as a fad after it received positive reviews, but as more businesses began producing drinks like it, he gained confidence. Different from other marketers, Dietrich Mateschitz puts a lot of money into developing his brand. The absurd but catchy slogan of Red Bull is “It gives you wings.” Even before Lipizzaner Horses, Red Bull was one of Austria’s very first internationally recognised brands. Red Bull originated in the East, but the majority of its growth comes from Japan and India.

Personal Life:

Parents of Dietrich were primary school educators and split up when he was a young child. When he was a teenager, Dietrich Mateschitz ran away from his family.Even though Mateschitz has never been married, he has a son. Laucala Island in Fiji is owned by Dietrich Mateschitz, who resides in Fuschl Am See, Austria. that he had purchased from the Forbes family. In 2013, Dietrich purchased a DeepFlight Super Falcon, a specially built extreme submarine. It was intended for a visitor to his Laucala Island resort. He owns a private jet airport and hangar and is a certified pilot. purely for his vintage aircraft collection, which includes the Falcon 900. Piper Super Cub aircraft and the final “Douglas DC 6B” ever produced. The “Flying Bulls” are the name of his collection of vintage aircraft. In addition to the Douglas DC-6B, his collection also includes the Lockheed P-38 Lightning, the North American B-25J Mitchell, and other aircraft.

In order to propose a partnership, he went to Chaleo Yoovidhya, the owner of the Thai Drink company. They agreed to split approximately 49% of the company’s shares equally, with the remaining 2% to go to Yoovidhya’s son. Thus, Dietrich Mateschitz launched his version of the canned energy drink, now widely known as “Red Bull.” In addition, there was no market for energy drinks in its early years. But Dietrich Mateschitz seized the chance to introduce a unique product. In 1984, he co-founded Red Bull GmbH with Chaleo Yoovidhya, and the company debuted in Austria after 3 years in 1987. He then succeeded in making the Red Bull beverage the market leader for energy drinks globally. 19

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

Avertech Services Pvt Ltd An Innovative IT Venture by Jitendra Bauddha Offering Strategic Cloud Solutions

Puja Bhardwaj | Business Connect

echnological innovations and advancements have reached numerous significant milestones in recent years. On the other hand, utilising all the technological advances at their disposal, the IT industry has advanced significantly, though not without assistance and support. Avertech Services Pvt Ltd is one of the many digital transformations and IT products & services conglomerates trying to create an impact for their clients. Avertech provides end-to-end services like AWS cloud consulting, migration, deployment, and managed AWS servers and services at the most competitive pricing on the market. It creates brand-new experiences depending on the unique business needs and develops digital products end-to-end, including business analysis, design, QA, SEO, project, and sales management. “Born in the cloud,” Avertech adheres to the principle of cooperating and growing together. Most eCommerce and other platforms shut down yearly due to poor architecture, security, cost, and performance difficulties. Due to COVID-19, this graph grew 10 to 25% more over the previous 16 to 18 months. During the pandemic, the Avertech team concentrated on understanding consumer pain points using the fundamental concepts of individual approach, teamwork, and innovations. Additionally, they collaborate to create a unique solution for the clients to meet their needs in the most affordable way possible.

THE JOURNEY SO FAR…

Avertech was founded in August 2020, registered as an APN Partner in May 2021, and within 70 days, went from being a Select Partner to an AWS Advanced Consulting Partner with a customer base of 30+. Any business would find it to be a fantastic accomplishment. Typically, it takes 1-3 years for any organisation to reach the advanced partner or customer level. As a result, it can be argued that Avertech is in an excellent position compared to others. www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

Jitendra Bauddha|Founder & CEO 20

CLOUD LANDSCAPE OVER THE YEARS

According to a report on cloud services, since the COVID-19 outbreak, demand for cloud-based solutions has grown significantly as a result of businesses adopting remote working models; however, many industries, including retail, manufacturing, BFSI, and others, have experienced a significant decline in their revenue during 2020. When asked to migrate to the cloud a few years ago, customers were concerned about security. Everyone is working on updating their infrastructure and, wherever possible, moving their infrastructure or services from on-premises to the cloud. Customers are increasingly aware of and accustomed to cloud services, making it simple for tech companies to sell them cloudmanaged services. According to the current situation, cloud services will significantly increase over the next two to three years.

JITENDRA BAUDDHA’S TAKE ON CLIENTS’ EXPECTATIONS

The majority of clients, in my opinion, are searching for dependable and secure infrastructure that can cost-effectively deliver improved performance. If the business relocated its infrastructure to AWS, these crucial needs might be readily met. The infrastructure supporting AWS has practically every compliance that a customer may require.

We constantly work to create an infrastructure that satisfies the requirements of the WAS pillars and AWS Best Practices. Merely to share The AWS Well-Architected Framework, which has the following five posts: Operational Excellence, Security, Reliability, Performance Efficiency, and Cost Optimization is a set of AWS Best Practices for building and running workloads in the AWS cloud.

THE AVERTECH TEAM

Although Avertech has a comparatively small team, each employee has the experience and an in-depth understanding of the sector, which sets the company apart from competitors in the same space. There is a team of certified AWS Professionals who have a deep understanding of Solution Architecting. Kubernetes, Docker, CI/CD, Serverless architecture, CloudFormation/

Terraform, Well Architect and skilled in microservices. The Professional Team oversees the initial solution designing, deployment, and migration to AWS. When the project is live, post-migration support is finished, and our Managed Cloud Services team enters the in picture after receiving the customer’s approval. The project or professional services team transfers internal knowledge to the managed services team, which subsequently looks after the customer’s infrastructure by the agreed-upon scope, including: • Change Management • Incident Support • 24x7 monitoring • Services Request. There is a separate team for analysis, design, QA, and SEO, for customer applications. This Team develops cloudnative applications based on client needs. Also, AWS Billing Management has a separate team that works directly with clients and routinely analyses customer billing based on numerous parameters. If the team discovers an abnormality, it immediately contacts the customer’s spokesperson and, after discussion, takes the appropriate action.

AVERTECH’S FUTURE OUTLOOK

The journey for Avertech has been tremendous so far! With the help of its cloud-managed services, users may launch new services and improve existing ones while not worrying about supporting infrastructure. The company is currently preparing to adopt 2-3 AWS competencies with improved client acquisition and better exposure to different tactics for each sector. 21

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

The Most Promising FINANCIAL CONSULTANT

To Watch in 2022

TRANSFORMING THE CONSULTING SPACE WITH NEW-AGE SOLUTIONS AND UNIQUE AMENITIES

COMPANY PREFACE

Brivan Consultants, a Professional Financial Advisory & Consulting company was founded under the leadership of Mr. Aditya Gupta & Mr. Kunal Jindal in 2012. The company was born out of the need of businesses to have a trustworthy partner that has the right mix of experience, expertise & agility to fit into their systems easily and derive value for businesses transparently. Brivan today has grown to have an extensive list of 500+ clients in 20+ industries across 15+ countries. In recent years company has invested in people and expansion. Brivan houses more than 5 decades of cumulative Big4 experience under one roof employing nearly 100 professionals based out of 6 offices across New Delhi (HQ), Noida, Lucknow and Chandigarh, Stockholm, Sweden & and Toronto, Canada.

Aditya Gupta Founding Partner

Throughout the years, the company has been able to clock impressive growth numbers and pass various milestones. One of the major highlights of the firm’s journey was the acquisition of one of the leading Fintech portals in India – www.mycorporation.in, which Brivan completed in 2019.

THE X FACTOR

Throwing some light on the company’s approach toward top-notch technology, Aditya asserts, “With the growth of the digital age, the need for automated solutions has increased. Brivan leverages the boons of technological advancements to deliver tailored and realtime solutions to its clients. With its global certifications including ISO 9001:20015, ISO 27001:2013& GDPR compliance, Brivan Consultants also has developed an integrated approach assuring its clients of data protection, privacy and quality management.”

Gulshan Parveen | Business Connect

They say, “Work for a cause, not for applause. Live life to express, not to impress.” Some organizations in the business world believe in leaving an impact in industries with their out-of-the-box solutions and positive attitude. We are back with the successful journey of one such industry leader in the Finance arena, Brivan Consultants. The company is an experienced player in the industry as well as an inspirational source for budding ventures in the same. Let’s dig right into the fascinating read of their exclusive interview with our editorial team. www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

Gaurav Matta, Partner – International Business said “We are very optimistic about expanding further in international markets with our Outsourcing and Offshore staffing Services, which have a great value proposition to any business operating outside of India. We already have active engagements in several countries and plan to keep expanding further into Australia, the UK, the US, Canada, and the Nordic Countries.”

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Lifestyle

TIPS FOR GETTING YOUR BUSINESS READY FOR THE FESTIVE WEEK Festival season is the most awaited time period of the year. For the business, it is the busiest and probably most revenue generating season. This is the time of year when people voluntarily spend money on various things. Millions throng the streets and venture out on shopping binges, giving businesses great opportunities to grow. If you are a business owner, you don’t want to miss out on this opportunity. But if your company is unprepared to handle the surge in demand, this opportunity could quickly turn into chaos and embarrassment. To save you from such a situation, we provide you a checklist here which can be a great help. Keep this checklist handy as you prepare your business for the holidays to ensure you’re ready to capitalize on potential revenue.

2. Create a marketing Strategy The key to surviving the holiday season unharmed is to devise a strategy. Businesses that plan for the worst are better equipped to deal with it, because they devise an effective strategy to pull them out of hot troubled waters. A solid preparation plan must include a marketing strategy. Every company has the desire to stand out from the crowd of its industry rivals. Follow a successful marketing plan if you want to make sure that your company stands out and offers the best rate. Keep in mind that a customer has likely seen countless marketing ploys and promotions during the holiday season to persuade them to buy a product. Customers ultimately choose products that satisfy their needs by giving them the items they were looking for. Small businesses lack the financial stability and depth to provide their customers with promotions and steep discounts. They struggle to find ways to draw customers at a time when businesses all around them are enticing customers with deals and discounts. In order to increase the sales, the small business can concentrate on offering holiday promotions that are particular to their products and services rather than promising discounts and packages. Once you have a unique loyalty offer in place, you can experiment with different approaches to presenting it to prospective customers. You can consider the following:

Here are seven Tips to Preparing Your Business Ahead of the Festive Week. 1. Take Your Employees’ Inputs 2. Create a marketing Strategy 3. Be Creative in Your Marketing Plan 4. Engage and Train Seasonal Employees 5. Decorate as per Holiday Schedule 6. Stock Up on Your Supplies 7. Offer Some New Experience with Virtual Reality 1. Take Your Employees’ Inputs Meeting with your staff is the first thing to do. It’s crucial to consider their opinions in this process. Find out from them what they observed during the holiday season last year. What did they think of it? What do they believe to have been effective? What utterly failed? And if necessary, make sure to talk about holiday schedules. Create a schedule for extra hours for your staff because extra sales and orders will typically require more holiday hours. If hiring more employees would be unusual for your company, consider rewarding them for putting in extra time. There are various approaches you can take here. The most obvious and well-liked method is a financial incentive, but you can also try providing extra time off following the holidays or gift incentives.

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

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Even today, email marketing continues to be one of the best ways to grab customers’ attention. Because people who are interested in your offer will be willing to try it out, this method has the highest conversion rate.

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For most businesses, using social media is a clear first step in the right direction. The platform enables you to create an online persona that gives your company a voice and the chance to engage with potential clients. Major search engines like Bing and Google are also being investigated by businesses as potential options. A web advertisement guarantees that a larger audience will see your product or promotional materials. Collecting customer information is another approach you can try to keep your customers informed about all future offers and promotions. Think about a campaign that offers users a discount in exchange for their email address. This will enable you to build a customer base of repeat buyers and assist you in building an email list.

3. Be Creative in Your Marketing Plan For any business, strategizing in advance of this time of year is a great idea. But, be sure to include creativity in your holiday marketing campaigns. Try something novel to draw in all of the holiday customers or clients who enjoy spending money at this time of year. Consider sending a handwritten holiday greeting and a sample of your product to your current customer base. By doing so, you can thank your customers and keep your company in their minds. 4. Engage and Train Seasonal Employees Start the hiring and training process as soon as you know you’ll need more staff to handle the holiday rush. Seasonal employees with the right training can help you provide exceptional customer service while easing the workload for your full-time staff. However, if they are not properly trained, seasonal workers can make life more difficult for your year-round employees and raise the possibility that customers will have a negative experience that will discourage them from returning. The risk of theft and accidents at your place of business is also increased by seasonal workers. Early hiring gives you the opportunity to thoroughly screen applicants, and appropriate training helps ensure everyone’s safety at work. 5. Decorate as per Holiday Schedule In accordance with the festivals that your customers are celebrating, you can also decorate your establishment. Participate with your team in the store’s decorating; organise a late-night or early-morning decorating party. Play festive music that fits the holiday atmosphere, and require your staff to dress appropriately. To get the festival season started, each member should be aware of the importance of such activities and willing to put in some effort. To transform your company in a matter of hours, make sure you start cooperating. Keep in mind to check that the festive spirit is shining and permeating the entire store. To enable the merchandise to shine, tidy up

the entire area and dust the fixtures. Whether you run your business at a physical location or online, your decor can not only liven up your company but also make a difference in luring customers. You can enthral your customers more by adding more decor! You can alter the atmosphere of your entire store by introducing new elements to the shopping experience. In some circumstances, a thoughtful and calculated decoration may even trigger customers to make impulsive purchases. Here are some suggestions for beautifying your shop: • • • • • •

Use string lights in contrasting hues. Create banners with merry graphic themes. Rangoli, earthen diyas etc. Put up sweet Diwali decorations. Seasonal colours (saffron) Add a festive design to your landing page, newsletter, and other marketing materials.

6. Stock Up on Your Supplies Nothing is worse than having to turn away a new client because your best-selling item is out of stock. It is obviously difficult to predict how many supplies you will need for the holiday sales. However, one efficient method is to compare the orders you received last year to the most recent consumer trends, using them as a benchmark. Find out if you can get discounts by buying in bulk by speaking with your suppliers. Additionally, it is customary to order 5% extra “just in case.” The idea is to have extra inventory on hand to easily satisfy customer demands in the event that a product is lost or damaged during the logistics process. Also think about placing your order early to avoid paying extra for express shipping. 7. Offer Some New Experience with Virtual Reality In light of the pandemic the world is currently experiencing a behaviour which has never been seen before. People are seeking new methods for shopping and buying goods from new products in the security of their homes. And companies that can provide the same services are positioned for long-term success. And one effective way to achieve this is by implementing VR/AR technology for your online store as soon as possible. The technology is new; you can delight your customers and make their shopping experience memorable by using it. Final Words You can effectively get ready for the holiday season by following the aforementioned advice. By failing to accelerate to keep up with the high demand during the holiday season, you will lose a significant opportunity. Hence, there is no way that you don’t prepare your business for a significant part of the year.

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

Incorporated In 2000, Idbi Intech Limited (Intech) Is A Wholly Owned Subsidiary Of Idbi Bank, One Of The Leading Banks In India. We Leverage Disruptive Technologies To Deliver Business Outcomes That Digitally Enable Our Clients’ Business To Stay Relevant And Future Ready IDBI Intech has been the IT backbone of IDBI Bank Ltd. and its Subsidiaries & Associate companies and provides end-to-end IT services to IDBI group companies. The services provided by Intech include software development, customizations of IT solutions, required support in implementation of third-party software, management of Data Centre, Disaster Recovery (DR) and Near DR sites, IT consultancy services, Training and Certification, BPO Services

Banking, Financial Services and Insurance customers in India and abroad through the years. This is further enhanced by our significant investments in the latest industry solutions for Banking and Insurance, keeping in mind customer satisfaction and market demands as top priorities. Our nextgeneration technologies currently being leveraged include Blockchain, Artificial Intelligence, Machine Learning and more—all of which is bringing end-to-end digital transformation for our global BFSI clientele.

Intech core strength is its vast pool of human capital comprising of highly experienced and dedicated teams of technical and functional domain experts. As a total IT solution provider, Intech has been catering to several external clients in BFSI sector with its innovative products and services developed by leveraging new and emerging technologies as well as by adoption of industry and international best practices. It offers customized products and services with an aim to render optimal and cost-effective IT solutions and services which provide improved performance, operational efficiency and meets Compliance requirements.

Customer Delight is our ultimate goal. Building on our promise of creating seamless digital experiences and resting on responsive services, agile operational models and strategic capabilities to accelerate value creation for our patrons, we are orchestrating change and delivering personalised experiences. Over the years, we have established a distinct identity with our products and solutions. This has not only earned us industry accolades but, has also motivated us to deliver on the trust bestowed on us by our customers. Our products are built on future ready technologies which are platform-agnostic, secure and easily scalable. Intech’s specialisation is in Regulatory Compliance, varied Payment’s solutions built on Future Ready Technologies. Making ‘The Customer WIN’ is our brand identity which we achieve through our core values of integrity, ingenuity and intelligence. Keeping up the passion and commitment in IDBI Intech being a trustworthy and admired brand is our energy.

During the Financial Year 2019-20, the company under new professional leadership has re-designed its business strategies along with focus on widening and deepening of the external market through sale of in-house developed products to maximize revenue and profit by acquisition of new clients and offering new line of product and services to our clients. In addition, a new business line of training at educational institutes has also been introduced.

MESSAGE FROM CEO: MR. SURAJIT ROY “We have embraced new and advanced digital technologies, enhanced our ability to constantly improve our knowledge and skills and retained resources or acquired skilled people to sustain a competitive edge over others.”

During the Financial Year 2019-20 the economy was struggling due to COVID 19 pandemic, But Intech has embarked upon and concluded various IT projects for its clients. Some of the specific initiatives done for parent IDBI Bank have been enumerated below: • Finacle 10.x Migration • FEBA Migration • Dispute Management (Debit Card Operations) • Dynamic VAS account generation • PM-SYM Scheme - Mandate Registration

The last financial year has been quite challenging for India. Due to economic headwinds caused by the Corona virus pandemic and muted growth across sectors, a direct impact was felt on the Banking Financial Insurance Industry sector. Although hopes of a recovery improved sentiments towards the end of the last fiscal, the second wave of the pandemic presented fresh challenges that impacted businesses across sectors. Despite unfavourable circumstances, at IDBI Intech, our prudent customer-centric approach and digital readiness helped us register a successful year, wherein we grew above the industry average.

Also, Our Enterprise-Wide Reconciliation and Settlement System (i-Recon) has been PA-DSS certified in the financial year 2019-20. The use of certified payment applications contributes to the reduction of the risk of card data theft. PA-DSS supports solution providers with the development of new payment applications and helps merchants reach compliance according to PCI DSS (Payment Card Industry Data Security Standard).

We continue to leverage competencies and latest technologies. We offer wide range of established software products for Combating financial Crime such as Anti-Money Laundering Solution (i-AML) - integrating with multiple watchlist through APIs, Trade Based Money Laundering (i-TBML), Early Warning System (i-EWS), Fraud Risk Management (i-FRM) and Real time Transaction Monitoring (i-RTMS). We also have Enterprise-Wide Reconciliation and

Our portfolio of services and solutions are built on the foundation of deep knowledge having worked with leading www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

Settlement System built on International Security Standards - PA DSS certified, i@Connect (payment middleware) and specialized services in the areas of application development and support. We offer Banking Compliance-as-a-Service on a secure enterprise cloud. We are all set to grow and expand as a Fintech company OUR PERFORMANCE OVERVIEW Our robust performance is a result of our strategic ability to translate ideas into action, over the past few years. We have embraced new and advanced digital technologies, enhanced our ability to constantly improve our knowledge and skills and retained resources or acquired skilled people to sustain a competitive edge over others. We have adopted methods

that seek to effectively and holistically serve the needs of the customers, backed by a strong emphasis on internal collaboration and synergy. Even amidst the disruption caused by the Covid-19 pandemic, the resilience and strength of our agile business model enabled us to efficiently tide through crisis. Our continuous efforts to promote Digital Innovation and enable digital access to financial services proved invaluable in an environment where businesses continued to operate through virtual platforms. Our responsive solutions enabled us to fulfil customer requirements and empowered them to remain connected & stay ahead and relevant in their journey, during a challenging period.

“FY 21 has been one of the highest Profitable Business Growth for IDBI Intech Ltd since inception as we surpassed all business parameters of growth. Looking at the growth in past three years, IDBI Intech has substantially managed to grow with average 20% year on Year growth in its revenue and 40% in Net Profit. Not just this, IDBI Intech Ltd has achieved numerous eminent Industry Awards in FY 2021. Some of these have been provided by top Indian Business Platforms such as the Best Tech Brand 2021, Prestigious Brand 2021, Most Trusted Brand of India 2021, I MoBOT (WhatsApp Banking) for social media, I Quick for instant Bank Account Opening Application, etc. The company’s Flagship Product iAML©, which is popular as a top Financial Crime &Compliance Solution, is considered a noteworthy innovation and regarded well in the market.

Setting a higher level of ambitious innovation to make IDBI Intech Ltd one of the top Digital Technology-led Leading Global Business Transformation organizations powered by integrating the latest disruptive technologies like AI and ML, we are working arduously to strive for satisfactory customer experience in the BFSI sector. “Our business expansion to global customers is an integral part of our strategy – have planned a three-year milestone-based business growth initiative. We are addressing these markets leveraging our strong portfolio of Information Technology Products, Services, and Solutions. By Delivering consistent profitable growth, with a goal of “MAKING THE CUSTOMER WIN” 31

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

ImpactQA

NEXT-GEN ‘MAESTRO’ IN SOFTWARE TESTING AND QUALITY ASSURANCE…

Kajal Dobhal | Business Connect We arranged an open-ended conversation with the founder and CEO of ImpactQAJyoti Prasad Bhatt. The company has been recognized for its pure-play software testing and quality assurance services and has created great impact across 500+ projects. Driven by technical expertise and domain knowledge, it has been able to add substantial value to its targeted sphere of influence. Be it Fortune 500 companies seeking testing solutions or any entrepreneurial venture striving for status-quo, ImpactQA has been known to be the best-in-class testing solution and quality assurance provider. The clientele at ImpactQA is said to have undergone tectonic changes in terms of their businesses ROI. What propelled us to feature its success story is the methodology, tools, frameworks and a huge team of QA experts that performs the testing for a fraction of the cost. The in-depth insights of functional and non-functional testing combined with web mobile and cloud technology has allowed IQA to carve a niche for itself at a global scale. Specially-curated for reduced QA costs and reduced time-to-market, the testing services are served at unparalleled quality standards. Customer centricity and result-oriented mindset are their tools to excellence!

Jyoti Prasad Bhatt CEO at ImpactQA

The industry-agnostic customer service portfolio of the company involves testing automation, cloud migration, performance engineering. In order to test data management, technical aid comes handy for almost every business requirement. Considered to be one of the top software testing companies in the respective space,ImpactQA has become next-generation software testing and QA consulting allowing SMEs and Fortune 500 companies to navigate through the benefits of digital transformation and technology services that facilitates the clients to stay ahead of the curve. The venture has office premises in New York, Dallas, London, Munich and New Delhi. The overall headcount of the company at global scale is close to 250 that comprises engineers, salespersons, etc. Today, over 60-65% of the total revenue of the company is generated from the North-American Market, 20-25% from Europe(primarily from the UK) and the rest from the Asia-Pacific region. J P Bhatt comes from a software testing background with a decade long of experience where he has played a prominent role in building effective software systems for many ‘bigwigs’ across the business landscape. Driven by his expertise as well as experience in the domain, he decided to set up ImpactQA in early 2012. Automation testing, performance, IoT, AI, ML, and ERP testing were their primary key focus areas throughout the early stages, and they gradually expanded into new verticals. www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

THE LEADER’S INTRINSIC VALUES JP Bhatt is an alumni of NIT Allahabad. During his academic career, he realized the need for employment in India and its impact in the lives here. He acknowledged the fact that it was his as well as the responsibility of erudite folks like him to generate lucrative employment opportunities. The zeal of giving back to the society made him scale the ladder of success in no time. Being the leading face of the organization, he aspires to keep his leadership style simple yet effective. Respect, transparency, ethics and customer-centricity are the core values that drive him as a leader and inspire his workforce to serve the community in the most sophisticated manner. The values propelled by him are ingrained in the culture throughout the hierarchy where everyone is treated equally and viewed from the same lens. As an open-ended culture, every employee can approach the senior management/leadership team concerning any sort of an issue being faced by them.

EVALUATING THE ‘IMPACT’ As the company’s name implies, it is self-evident what they seek to provide to the world. The whole process is to impact the quality of a software in the best possible outcome as it could be used across multiple industries. The impact of its offering is calculated as a mark made on the lives of those using the softwares improved/fixed by them. From transforming the lives of the common people to making a difference to the goliaths across various industries, ImpactQA has proved its prowess in the best possible way. “We have tested a software that is a health and wellness home automation system commonly used by worldrenowned Hollywood Celebs. The margin of error in our functioning is almost zero as we also cater to some of the sensitive industries as well like aviation. Here, the system couldn’t even afford to have a single bug in the software. One could imagine the efficiency of our functions along with the subtleties of our job. Hence, ImpactQA has been able to add value to people’s life in direct as well as indirect ways,” reveals the founder and CEO. QUALITY IS IN THE DNA “Companies like us cease to exist, if we don’t maintain the quality of our offerings. To stay ahead of the curve, cost efficiency combined with high quality is what we found effective. Quality assurance is in our DNA and cannot even imagine ourselves to move ahead without considering this aspect,” explained JP Bhatt, when asked about the USP they offer. The company is about to utilize the recently developed technologies to tweak in such a way that it would help expedite in automating the QA process. And for this purpose, they will be utilizing AI/ML to drive innovation across the segment. The rate of software failure could effectively be traced by AI/ML and hence, under the focus of the company to improve the quality of the services. ACCOMPLISHMENTS TO CONSIDER ImpactQA has been well-acknowledged by several bigwigs across the industry. Silicon India recognized them as ‘Startup of the Year 2014’ during their initial stage of business 33

operations. Also, their success story has been featured by Yahoo Finance, GlobeNewswire, and several press and media publications in the last decade. Additionally, the presence of goliaths from various industries under the umbrella of their customer-base has grabbed the attention across the fraternity for sure. And above all, ImpactQA has been a fierce competitor for many of its well-established peers whom it has outperformed under many occasions. Being an engineering unit, the company takes immense pride in beating its competitors 20 times greater in size, magnitude and many other aspects. FOR THE FUTURE ImpactQA has successfully been able to expand its global footprints across different geographies like North America, Europe, and the UK. For the upcoming 2-3 years, JP Bhatt has envisioned crossing more and more geographies where the target would be GCC, Australia,etc. Soon, they will start a huge recruitment campaign to increase their headcount. So far, they have conducted campus placement drives for NITs to hire the best talent in favor of the organization while planning to initiate the drive to reach out to IITs for the recruitment process as well. In the persistent approach to increase their headcount, the company will be making efficient efforts to add substantial value to the targeted market. PEARLS OF WISDOM SHARED BY THE LEADER “All the budding entrepreneurs out there should remember that the nascent stage of the entrepreneurial journey is pretty hard. But, irrespective of the circumstances, never give up on your idea/ dream. I have seen many entrepreneurs taking the U-turn, just when they were about to witness the fruitful results. Had they held onto something, they would have crossed the river anyhow. Based on my personal experience where my venture hit the rough waters during the early three years several times, we kept moving and didn’t give up on our vision. It was our dedication that brought the appropriate help to us in several ways and today, we have become a leading player in our segment. So, just hold on to your objectives, results will follow you!” www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

FLIPKART FORAYS

INTO THE HOSPITALITY BUSINESS

Launches HOTEL BOOKING FEATURE

India’s domestic e-commerce marketplace Flipkart has announced the launch of a new hotel-booking feature on its platform, Flipkart Hotels, to enhance its offerings in the hospitality business. In a press release, the company said, “In order to provide better accessibility and choice to customers, Flipkart Hotels will provide customers with an opportunity to book hotel rooms across three lakh domestic and international hotels. With the launch of hotel services, Flipkart aims to offer its customers a host of affordable benefits including affordable travel and booking policies, easy EMI options, etc. to make travel affordable and a budget-friendly option.” www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

Flipkart

Online retail company • CEO: Kalyan Krishnamurthy (Jan 2017) • Founded: October 2007, Bengaluru • Revenue: 43,615 crores INR (US$5.7 billion, 2019) • Headquarters: Bengaluru • Founders: Binny Bansal, Sachin Bansal • Subsidiaries: Myntra, Cleartrip, PhonePe, Ekart, Mallers, Inc., MORE The company owns online travel company Cleartrip, whose application program interface will use and integrate into its app and website. Apart from deals, it will have a customer service center for support and user-related queries. Along with that, Flipkart is also allowing users to access third-party offers on the platform. “With the support of Cleartrip’s Application Programming Interface (API), Flipkart Hotels will benefit from Cleartrip’s deep understanding of travel customers and sectors. This new option,

which is accessible through the Flipkart app, offers a hassle-free booking process and timely communication through popular messaging apps “cites the company. “2022 has been a great year so far for the hospitality industry, with a significant increase in demand in both the domestic and international travel industry. New travel trends like exploring lesser-known destinations, long stays, workstations, and vacation rentals are becoming mainstream,” the company added. According to Flipkart, the next festive quarter is expected to be even better for the overall travel industry, seeing a growth of 70 percent in the previous quarter as compared to a CAGR of 60 percent in the last two years. Adarsh Menon, Senior Vice President, Company said, “With the financial offerings of our banking partner, customers will find great value in this segment and enhance our capabilities as the preferred one-stop shop for the travel booking needs of Indian customers.”

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

RENEWABLES ENERGY EPC COMPANY

SPEARHEADING THE MISSION OF WIDE-RANGING SOLAR ADOPTION Navashil Sharma Director & CEO

Indranil Roy | Business Connect

ndia is one of the emerging powerful economies with enormous potential for growth in Renewables. The country receives an impressive radiation of 4–7 kWh/m2 of energy each day. In fact, India has scaled up 20-fold from a meagre 2.6 GW in 2014 to 54 GW in 2022, placing it fifth globally in terms of solar power deployment. This comprises Ground Mount, rooftop, offgrid/distributed solar power systems etc. Rajasthan, Karnataka, Gujarat, and Tamil Nadu are the forerunners and contribute to 60% of the total installed capacity. However, this exponential success comes from imported solar modules, which accentuates our dependency on foreign market and at divergence with the Make in India concept. As evidenced by the large number of highly reputed solar companies, India has the potential to develop a self-sufficient solar industry. Introducing InSolare Energy Pvt. Ltd., an all-inclusive RE solutions provider, located in Bengaluru, India’s cyber heartland. The company is known for some of the country’s most notable solar projects. Its endto-end services and innovations qualify it for the “The 10 Solar Energy Solution Providers in Focus 2022” edition.

A WIDELY ACKNOWLEDGED NAME

InSolare is drawn upon the idea of providing bestin-class services with integrated values, skills, and expertise. From Ground Mount to carport, single-axis tracker to rooftop, and standalone street lights to micro-grid projects, the company epitomizes an all-encompassing prowess in the arena of Renewable Energy. It also offers excellent EPC, O&M, Consultancy services for projects with a focus on innovations and uplevelled technology. With bespoke solutions and optimal practices, the www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

company has carved a niche for itself for on-time delivery, flawless execution, and client satisfaction. The fact that it receives recurring orders vindicates the trust of its clients. InSolare was founded in 2009 and is led by a panel of senior professionals led by Dr Sunit Tyagi, a PhD in Solar Technology, Dr Hemanshu Bhatt PhD in Semiconductors and Mr. Navashil Sharma (Director & CEO). The founders hold 50+ international patents in semiconductor technology. Their expertise and experience have helped the firm to demonstrate the technological ascendency over a decade. The company also has a skilled team to handle complex design and engineering and bring best in class technology. They have over 40 years of experience and expertise in designing, developing, and commissioning large-scale PV systems. Their ability to drive quality and reliability has helped InSolare be known as a boutique EPC company. InSolare has completed projects in public and private sectors across the sub-continent. By leading India toward a green future, InSolare aims to serve as the lynchpin of sustainable change.

Fostering Large Scale Solar Adoption

India’s power needs are expected to triple by 2040 because of growing urbanization and Increase mobility. Using conventional fossil fuels to supply this enormous demand is neither practical nor sustainable. As a result, solar energy will play a crucial role in the future. It ensures that everyone has access to clean, economical and reliable power because it is an endless and renewable source. InSolare spearheads the initiative of proliferating the solar energy knowledge in the industry. By advising customers about solar and encouraging its adoption, InSolare helps them achieve their sustainable goals and lowers their carbon footprint and reliance on fossil fuels making sure that they contribute to the country’s Renewable Energy Obligations (RPO). Mr. Sharma adds, “Gradually, this is generating awareness amongst our employees as well, as they adopt solar for their homes.”

has an advanced level of monitoring solution based on MLPE Technology (Module Level Power Electronics). Mr. Sharma explains that his team is working on energy storage devices, strategies to lower the Levelized Cost of Energy (LCOE), Agrovoltaics, Wind-Hybrid etc., to name a few. The intrinsic R&D activities have also translated to several landmark projects. One of these is the 10 MWp, 5 km-long canal top project on the Narmada Canal (Vadodara). The project, one of India’s biggest solar installations on canal top, illustrates the superiority in specialized design and engineering. It is a design spectacle that combines structural, civil, and electrical engineering acumen. Besides these, InSolare has built massive solar parks, wind- hybrid solar systems, etc.

Outweighing Covid-19

The pandemic was a necessary “anti-hero” for the world. While upsetting livelihoods and economies, it provided an opportunity to pause, breathe, and evaluate the measures to create a sustainable business strategy. In a similar manner, InSolare completely revamped its marketing efforts, client engagement strategies and created a target-based approach to reduce vulnerability. They have innate values and a creative culture, which contribute to their ability for adaptation and growth. The business promotes a people-first mentality that results in an enabling workplace. As the proverb goes, “We came in different boats, but we are all on the same ship now.” InSolare recognizes diversity and culture as integral to the organizational growth. With the collaborative mindset, they embarked on exploring prospects for business diversification in energy storage, green hydrogen, offshore technology, wind-solar hybrid systems, etc. Overall, being collectively bound in ethos helped them turn crisis into opportunity.

It is akin to shaping a cognitive ecosystem where each stake holder contributes to a sustainable objective. InSolare contributed 5% to solar installations last year, which resulted in a 5% decrease in the country’s carbon footprint. While its projects paved the way towards sustainable environment, InSolare also generated employment for local youth thereby contributing to the economic development of the local areas.

Empowering Work Culture

Well-Defined in R&D Prospects

They also espouse transparency and effective communication across the hierarchical levels to empower the middle management. “We maintain an open-door policy to ensure that suggestions and complaints are treated equitably, and that nothing goes unanswered,” says Mr. Sharma. Leaders always lead by example and encourage others to lead from the front to tide over challenges. Their driving force is their united goal of making InSolare the industry leader in solar and renewable technology.

R&D is the unsung hero of every industrial breakthrough. Innovation in clean energy is the answer to addressing climate change. Since global warming is accelerating, businesses can’t afford to wait for new technologies to appear. Because of the necessity of accelerating innovation, InSolare has undertaken sizeable R&D investments. It helps in generating insights and knowledge that result in process improvements for increased productivity and lower costs. For instance, it

Integrity, Discipline, Result, Innovation, Quality, and Respect are the team’s guiding principles. These basic tenets shape an employee’s growth, training, and result. They adhere to a aggregation of market and hierarchical culture with an appropriate balance of competition, growth, structure, and stability.

EMBARKING ON A SHINING FUTURE

The efforts and endeavors of InSolare to promote solar and green solutions have reaped tremendous rewards. Ten years in a row, its 5 MW single-axis tracked solar facility in Gujrat has set performance records. With onsite projects totaling over 250 MW, the firm has a significant footprint pan-India. Over 35 institutional and corporate clients vouch for its consistent plant performance and customer satisfaction. As a vindication of their contribution, the World CSR Congress has awarded the title of “2022 Top World Solar Leaders.” With such pronounced achievements in its kitty, InSolare is forging towards a trailblazing prospect. “We want to be the most sought-after solar engineering company in the country, with a 5 GW installation base,” signs off Mr. Sharma.

www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

FROM CORPORATE AMERICA

TO CORPORATE INDIA

How Payal Nanjiani, an Indian-American top executive coach is transforming leadership training and coaching in India Puja Bhardwaj | Business Connect

ayal Nanjiani, Founder & CEO of The Payal Nanjiani Leadership Company, acknowledges the honor she has been allotted by the people worldwide and is humbly grateful for being considered worthy of being in the exclusive list of “Most Influential Business Leaders to Follow 2022.” She also holds prestigious recognition by the TIMES Group as the most influential leadership speaker and executive coach The Indian- American top executive coach Payal Nanjiani is reshaping leadership coaching, training in India, and pursuing the goal of humanizing leadership. She is credited with popularizing the idea of Success Within Leadership, emphasizing the need for leaders to substantially transform the way they think, perform, and behave. Payal has spent over two decades helping leaders achieve a massive leadership breakthrough, get to their next level, and achieve extraordinary success for themselves and the organization. She is one of the most highly sought-after keynote speaker for conferences and organizations for their most significant events. As an Executive Coach, she has coached some of the world’s leading CEOs, Government Officials & Executives to become ICONIC leaders in their fields and get to the next level.

CLIENTELE

The clientele includes senior leaders and CXO’s of Fortune 500 companies worldwide. She also works closely with SME’s, helping them build a leadership pipeline early on. When it comes coaching, Payal works with motivated individuals who are ready to take on more. Her goal is to equip them to advance, to change the world, and to grow. Her clients are the ones who are eager to expand on their accomplishments and excellence. She primarily works with clients already in mid-management roles, senior leaders, and CEO positions and who have over 15 years of www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

PAYAL NANJIANI | Founder & CEO work experience. These people are either in the process of transitioning into top management positions or are already in higher positions and want to become world-class leaders. Payal gives business leadership speeches at annual gatherings, conferences, and all-hands meetings. Her transformative leadership trainings and workshops assist leaders in achieving success and maximizing their leadership potential. She is also sought after by corporates to coach their executive team. Leaders from all over the world gather in a mastermind group for some exclusive leadership discussions and learning. 40

NOTABLE ACHIEVEMENTS OF PAYAL NANJIANI

All these attributions have earned the inspiring leader many awards and accolades over the years: • She was honored by the TIMES Group as the most influential leadership speaker and executive coach. • She has received the ‘Humanitarian Award’ for her work in leadership. • She has been featured on America’s Fox 50 news channel for redefining leadership. • Payal ‘s books have won Canada’s book of excellence award and the New York book award • Her Leadership podcast, The Payal Nanjiani Leadership Podcast, help people believe in their innate quality to lead and succeed, is rated in the top 10% globally in the business world and featured on America’s WRAL/FOX50 news.

PAYAL’S TAKE ON SIGNIFICANCE OF COACHING AND LEADERSHIP TRAINING

The corporate world is undergoing disruption and change globally. The majority of leadership information available now, especially in India is antiquated. The most outstanding example is how India’s educational system prioritizes producing thousands of engineers and MBAs each year who work diligently in corporate America, with only a tiny number rising to high executive positions or becoming CEOs. Furthermore, according to some studies, the United States had more Fortune 500 companies than any other nation between 2000 and 2019. China surpassed the United States in 2020, with 124 firms reported, as opposed to 121 in the United States. That list does not include India. This is primarily because Indian business executives have prioritized technology development over cultivating future business leaders. Their souls and spirits have not been fed to succeed in the industry.

PAYAL’S AREA OF EXPERTISE

Payal and her team are committed to assisting leaders in becoming the best versions of themselves, enabling groups, organizations, and the nation to flourish. They are on a mission to humanize leadership.

Three main facets of their work are writing,speaking, and coaching. Payal’s leadership guidance helps people bring about significant changes in their behaviors and thinking and transform themselves into the best version. This results in them achieving better outcomes for themselves and their organization. Self-awareness is critical for success as a leader—insight into your innermost attributes: your beliefs, emotions, character, and values. The ironic thing about becoming an executive coach is how other aspects of you change. You develop into your ideal self. So, she helps people move from being trained to becoming transformed leaders and achieve the highest success at their work.

MAJOR HURDLES INDIAN INDIVIDUAL LEADERS FACE

COMPANIES

AND

Even though coaching in India has a promising future, most Indian businesses have not yet adopted the practice of hiring coaches for their senior leaders and executives. 41

In India, companies mainly concentrate on developing the skills of new management and individual contributors. These allegedly “trained” workers are frequently elevated to managerial positions based on their functional competence. And the majority of these managers find it challenging to guide themselves and the workforce. Many leaders in India see coaching as a ‘hush hush’ activity. They believe that appointing a coach indicates that the leaders are struggling. Employing a coach is stigmatized. Coaching entails investing in your development and advancement. It means you are willing to bring out the best in yourself.

HOW INDIA’S TRAINING AND COACHING INDUSTRY IS DIFFERENT FROM THE U.S? “For over 21 years, having coached and trained leaders from corporate America and companies in India, I have seen that coaching is a very mature market in the United States. Executive and leadership coaching in India is still in its infancy stage. There are approximately 4,500 trained coaches across India and several Indian and International coaching courses. Yet, the quality of the coaches is questionable. Every other person says that he or she is a coach— adherence and expertise are lacking”, asserted Payal. While in the United States, the focus is more on the longterm development of leaders with the primary objective of helping them reach their full potential,” she added.

PAYAL’S NOBEL VISION FOR INDIA

She unites her vision with India’s Prime Minister Narendra Modi’s vision of India being a developed country. That is what Payal has come down to India for. A massive chunk of the economic growth of a nation comes from the organization and its people. She has observed that India has a large workforce, excellent talent, and a wealth of talent. The workforce’s ability to grow into a top-tier leader significantly impacts the organization’s development. The expansion of an organization has a significant impact on a nation’s economy. In order to help as many people as possible develop a leadership mindset and inspire them to believe that they have the innate ability to lead and succeed, regardless of their position or circumstance, Payal feels honored to be working with so many organizations and individuals here in India. For this reason, she feels fortunate that she now has what feels like a personal mission. She has now committed the majority of her resources, time, knowledge, skills, and a significant portion of her life to India in order to support leaders and organizations as they develop and transform, amplify India in the field of leadership and produce a vast number of leaders here.

MESSAGE TO THE READERS

Payal believes in a philosophy, – “Leadership starts and ends with you.” She does not consider leadership to be a role, a title, or an established norm. She believes that being a leader is a heavenly task and that it is your responsibility to assist others. So, improve yourself to be a leader who creates leaders rather than followers. www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

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and he also gave away some shares; he now holds slightly less than 10% of the company. Bezos is the owner of The Washington Post and Blue Origin, a rocket-development company; in July 2021, he made a brief space flight in one.

Amazon’s Competitors

eBay, Walmart, Alibaba Group, Rakuten Group, Otto, JD(JingDong), Flipkart and Netflix are the main competitors.

Background:

On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington. It began as an online book marketplace but has since grown to include a wide range of goods, earning it the nickname “The Everything Store.” It

Net Worth Amazon Net Worth

Amazon.com, Inc. is a multinational technology company based in the United States that specialises in e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been described as “one of the world’s most influential economic and cultural forces,” and it is one of the world’s most valuable brands. Along with Alphabet, Apple, Meta, and Microsoft, it is one of the Big Five American information technology companies.

Amazon’s Revenue, Net Worth & Market Cap

Worth trillion-dollar company Amazon had a strong earning report in 2020 which helped it to be a part of the $1 trillion club, joining Apple, Microsoft, Alphabet (the parent company of Google), and, on occasion, Tesla. Amazon’s revenue in 2021 was $469.82 billion, up 21.7% from $386 billion in 2020 and growing by tens of billions of dollars per year. Amazon’s stock is currently trading at $136.25 per share, bringing Amazon’s market capitalization to $1.36 trillion which is 104 lakh crores in Indian Rupees as of August 1, 2022. Amazon’s net worth is $1269.98 billion as of September, 2022. The global revenue of Amazon’s Prime video subscription is 31.8 billion which is growing every year. The value of Amazon’s streaming business may soar in a few years if it continues to outgrow its rivals and exhibits low churn rates. It might not be exaggerating, according to Bluesea Research, to say that Amazon Prime Video’s net worth could be a trillion-dollar.

Amazon’s Future Plans Grocery

Amazon will finally make the big purchase of Whole Foods in March 2022. Whole Foods is well known for its organic and diet-friendly products, which draw a lot of young people and people with dietary restrictions.

Amazon Go

Speaking of physical stores, Amazon is mulling over a fresh idea. Large cities like Chicago and New York City have seen an increase in the number of Amazon Go stores, which let customers enter the store by simply scanning their membership cards. They don’t even need a cashier because they can just take anything off the shelves and leave.

Pharmaceuticals

One of the few market segments where Amazon hasn’t made inroads is the medical sector, but that may soon change. The rights to PillPack, a prescription delivery service, were purchased by Amazon in 2018. Many housebound people would consider it a miracle if they could receive their medications along with an Amazon package the same day, so Amazon is certain to use this brand in the near future.

Online Services

The Founder and his Net Worth

In 1994, Jeff Bezos started the massive online retailer Amazon in his Seattle garage. In July 2021, he resigned as CEO to take the position of executive chairman. As per Forbes, Jeff Bezos’s net worth is $ 142 billion as of September,2022. Amazon stock valued at $8.8 billion was sold by Bezos in 2021, www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

has numerous subsidiaries, including Kuiper Systems (satellite Internet), Amazon Lab126, Zoox (autonomous vehicles), and Amazon Web Services (cloud computing) (computer hardware R&D). The company also has subsidiaries for Ring, Twitch, IMDb, and Whole Foods. With the $13.4 billion purchase of Whole Foods in August 2017, it significantly expanded its physical retail footprint.

You may already be aware that a large portion of Amazon’s revenue comes from web services. As 2022 goes on, Amazon’s platform keeps expanding. The brand keeps expanding its network of sellers, customers, and clients exponentially even after fending off the biggest DDoS attack ever seen.

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The Duo Of Two Visionary Leaders Positions “Positex” as a Frontrunner in the Sportswear Fabric Business Puja Bhardwaj | Business Connect Positex Pvt. Ltd., a world-class sportswear fabric solution provider, is spearheaded by a duo of two vigorous and visionary leaders Chetan Agarwal and Nilesh Agarwal. Specialising in the field of fabrics for Sportswear, Jackets, Outdoor wear, and Athleisure, Positex has become a pioneer in the industry in offering industryrelevant and path-breaking fabric solutions. Chetan Agarwal, Director, Positex and an industry veteran with 17+ years of experience across various disciplines in fabric and fashion took the entrepreneurial route in 2005. An alumnus of Delhi University, Chetan has done B. Com (Hons.) from Kirori Mal College and holds a master’s degree in Finance and Marketing from FORE School of Management. After gaining knowledge of Fibers to Fabrics, and through a wide exposure in the industry, he is successfully leading the company to be a leader in its business. Nilesh Agarwal, Director, Positex, has been the backbone of the company handling the productions and operations. In academics, he holds a bachelor’s degree in Management and a diploma in Apparel Design and Manufacturing. With his excellent knowledge and great understanding of the buyer’s requirements, Nilesh is helping the company to come up with innovative solutions and products for the industry. A GLIMPSE OF POSITEX Incorporated in the year 2005 in Delhi as Pashupati Overseas, Positex has carved a niche in the market by always delivering customer satisfaction and excellence. Having its physical presence in Bengaluru, Mumbai, Kolkata, Dhaka, Ludhiana, Tirupur, Surat, and China (Keqiao), the company is catering to the Pan India market and has started exporting to 7 other countries as well. The story began as a small organization in 2005, it has come a long way in a short time. Today, the company has become the preferred choice for Fabrics, of almost all brands in our category like Adidas, Reebok, Reliance Trends, Madura Garments, Landmark Group, Octave, etc. It has played a vital role in empowering many startups Sportswear brands like HRX, Cult fit, Revo, Alcis, Harfun, etc. by supporting them with a wide collection of ready stock fabrics www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

Chetan Agarwal | Director and good quality. It has a state-of-the-art Warehousing, Inspection, Testing, and Packing facility, wherein RealTime Inventory is maintained using Bar Coding systems. Also, complete Quality Assurance is done by the team, to ensure that high-quality fabrics reach the customers. Positex follows a simple business strategy of working “1 inch wide, 1 feet deep”, which has kept the whole team focused on its category of Sportswear and Outerwear fabrics. They have a range of 800+ items in this category in which they keep ready stocks and do customized orders as per buyer specifications. They strongly believe in System oriented working, which reflects in their strong customer-centric ERP Systems, which help in managing Inquiries to Bulk Deliveries, Production, and Inventory Management. Positex is the only company in the industry to provide Real-Time Tracking tools to the customers for their orders with MIS scores with the mission to enable at least 10 Indian Sportswear Brands to go Global through our products and services. DIFFERENTIATING FACTORS Positex is the only company in the industry that has kept its focus and strategy on developing the Sportswear Market and Fabric Production capabilities in India.

It has become a One-Stop-Shop for all Sportswear and Outerwear Fabric needs, having the widest range of fabrics across the category of Circular Knits, Warp Knits, and Wovens. We have more than 800 items to offer, across multiple colorways. POSITEX TEAM & BUSINESS PHILOSOPHY There is a strong team of 80+ people who manage the business and ensure the best services to the customers. They are well trained in industry-specific skills, communication skills, team building, etc. from time to time. The expert team of professionals at Positex delicately handles New Product Development, Trend Forecasting. They work closely with the buyers to help them stay ahead of the development curve. The business philosophy at Positex is to provide “Quality and Quantity, On-Time, every time” to our customers. This drives the entire team to work on continuous improvement, in service to the customer and industry. THE UNIQUE LEADERSHIP STYLE Nilesh and Chetan are proud to lead a fine team of individuals, who bring their best to the organization. They quote their leadership style with an African proverb “If you go Alone, you can go Fast, but If you go Together, you can go Far”. INNOVATION — AT THE HEART OF POSITEX Innovation is at the heart of what Positex does, as being in the category of Functional Fabrics. They keep looking for opportunities to explore new yarns, new functions, and technologies. The category of Sportswear, Athleisure, and Outerwear has seen the highest number of innovations globally being a Man-Made Fiber-based category, which is molded based on the end-user’s performance and aesthetic requirements. INSIGHTS ON THE SIGNIFICANCE OF R&D

“R&D plays an integral for the growth of our industry. Being a functional product, there is continuous innovation taking place in our category, and we too keep experimenting with Innovative Yarns and Finishes. For E.g. We launched the technology of “Hexarel” with Reliance Industries Ltd. Last year, it provided 6 functions Wicking, Anti-Static, Anti-Microbial, Anti-Viral, UPF Sun Protection, and QMax Cool Touch. This was a revolutionary technology developed using Graphene and has found great acceptance in the market”, apprised Chetan Agarwal while sharing his thoughts on the importance of R&D.

“

We are currently working with around 50 suppliers across Taiwan, Korea, China, Vietnam, Thailand, Malaysia, and India keep getting the latest developments in the industry, which we offer to our buyers. We also regularly visit the Trade shows, Global Markets to capture new ideas

Nilesh Agarwal further added.

“

FUTURE OUTLOOK Positex has steadily grown in the last few years and has successfully created a strong base of Sportswear fabrics in India, wherein it has moved almost 60% of its fabric production from China to India. In the future, the company wants to continue on the path and increase its fabric production strengths in India. Through this, it will serve the Indian brands and manufacturers and create the possibility of capturing a share in the global market that is currently dominated by China. WORDS OF WISDOM Stay focused on whatever you do, as there is Golden opportunity in each business. Work to identify your customer’s and industry’s problems, and work towards providing solutions for them.

Nilesh Agarwal | Director 47

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Kumash Shah:

AN EPITOME OF DEDICATION, PASSION AND DETERMINATION IN CONSTANT PURSUIT OF EXCELLENCE A BRIEF OF THE COMPANY Immensely focused on Software & Mobile App Development that is accompanied with Chat bot Automations, Techicom India provides state-of-the-art services for website development, renting cloud IVR, etc,. The vision is crystal clear - delivering the best-in-class tech services to their valued customers. The core values ingrained in the culture of the company are the motive forces behind the excellence served by Kumash and his team. Transparency, commitment, and tech-upgradation are the values that drive the success of the company and propels it to reach its overall objectives. Team Techicom comprises individuals who are zealous to learn new things and possess a positive attitude towards every situation. Developing a skill is easier but harnessing and nurturing a positive attitude is pretty hard, says Kumash. Here, each individual goes extra miles to address customer pain points doing justice to their expectations. Skill upgradation and learning are promoted at every possible level by the management. The exemplary leadership portrayed by Kumash motivates the workforce to perform at the peak of their potential. They are in a constant process of learning that allows the employees to perform their level best with every project. Kumash Shah is a leader who has strictly restricted the complaints, feedback and office politics in the company. What he is extremely grateful about is the fact that none of the team members take credit for their extraordinary contributions to the company’s grand success, something Kumar is extremely proud of. It goes without saying that he has bagged many accolades and accomplishments owing to his exemplary leadership traits that are evident from the resounding success of his very first business venture.

Kumash Shah CEO

Renu | Business Connect We are narrating the exclusive success story of a CEO that is known to be a ‘technophile’ who started to learn the nuances of coding when he was only in 8th standard. Since his early childhood, he was extremely fascinated by the technology that was rapidly revolutionizing the business landscape from the year 2005. He dreamt of providing top-notch technological services across the globe with great aftersales services, which was not quite crowd pleasing in 2009. Kumash Shah is the name of the technocrat we are referring to and has established his own business venture inducing rippling effects across the targeted market with an innovative product line. Techicom India Pvt. Ltd. is the venture that has become a tech-suite helping innumerable businesses across the globe to make a difference in their respective fields.

WHAT’S UP FOR THE FUTURE? Scaling the ladder of success, Techicom India Pvt. Ltd. has ensured to seal an investment from one of the top industrialists that will boost its growth trajectory in the upcoming years. The apt team is focussed on using and developing 3 products that can be sold via the SaaS method. The verticals they wish to target through this product portfolio are couponing, community security, financial consultants, etc.

BEGINNING WITH THE ROOTS Kumash began his journey to phenomenality by selfstudying detailed coding and server technology via free youtube videos. For the practical implementations, he started experimenting on his personal server to practice whatever he has acquired from the overall learning. As claimed by him, he carries the legacy of his maternal grandfather who was a giant business tycoon in 1956. Entrepreneurship is in his blood that made him establish Techicom India in 2011 and register it officially in 2015 after witnessing his astounding success. www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

A TOKEN OF ADVICE TO THE ENTREPRENEURS OUT THERE “It is very hard for current millennials to sustain entrepreneurship as it took a hell of a lot of focus, hard work and patience. But today there are a lot of things available for distraction like OTT Apps, Gaming, Entertainment & cricketing apps, etc.” As per the records, 99% of startups fail in the first 3 years of inception, and I really hope those who want to start their businesses are that 1%, achieve their dreams and be good, humble characters no matter where you are!” Kumash Shah, Founder and CEO 48

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August 2019

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DUBAI TO BUILD NEW $5 BILLION MOON SHAPED LUXURY RESORT double annually.” “It can easily accommodate 10 million visitors a year,” Henderson continued. A “lunar colony,” which will be able to host 2.5 million visitors yearly and enable “affordable space tourism” in the nation, will be built around the development. What will it accommodate? This mega-resort in the shape of the moon will have cuttingedge amenities, a spa, and a buzzing nightlife. The structural hub of the resort will be the site of a circular route. The resort with a moon shape is expected to host 2.5 million visitors annually. The top floor of this building will be divided among casinos (23%), nightclubs (9%), and restaurants (4%). A luxurious terrace at the resort will be divided in thirds by the beach club, the lagoon, and the magnificent amphitheatre. Impact on UAE’s Economy The emirate’s economy will be significantly impacted by Moon Dubai in all areas, including tourism, transportation, commercial and residential real estate, infrastructure, financial services, aviation and space, energy, MICE, agriculture, technology, and, of course, education, according to Henderson, who also noted that this will “firmly plant the UAE flag in the forefront of space exploration.” Henderson also disclosed that the business hoped to grant licences for three additional Moon resorts in Africa, Europe, and North America. According to him, either the UAE, Saudi Arabia, Qatar, Bahrain, or Kuwait could be developing Moon within the MENA region.

According to a story published by Arabian Business last week, the UAE is planning to build a $5 billion (18 billion dirham) resort that resembles the moon. The proposed project is said to be the brainchild of Canadian architectural firm and property licensee Moon World Resorts Inc (MWR). It is anticipated to be constructed in 48 months and will be 735 feet tall overall (224 metres).

UAE has set the bar high for Arab nations when it comes to space exploration, and it has allocated $820 million to support its satellite-building plans. In a space probe mission last year, the UAE made history by becoming the first Arab nation and fifth nation overall to reach Mars. A lunar landing is also anticipated to occur by 2024 as part of a joint venture with Israel. The Mohammed Bin Rashid Space Center (MBRSC) declared in May that the UAE would launch “the first Arab long-duration space mission,” in which an Emirati astronaut would participate in a six-month mission, from the Kennedy Space Center in the US State of Florida in the first half of 2023.

The luxurious lunar complex will be the most recent structure to be added to Dubai’s cutting-edge skyline. “Moon Dubai will be the largest and most successful modern-day tourism project within the entire MENA region,” assert co-founding architects Sandra Matthews and Michael Henderson of MRW. “Based on its global appeal, brand awareness, and unique multiple integrated offerings, Dubai tourism visitations will

GAUTAM ADANI PLANS TO EXPORT ELECTRICITY FROM INDIA TO BANGLADESH Before the end of the year, tycoon Gautam Adani intends to start exporting electricity from a coalfired plant in eastern India to Bangladesh, easing Bangladesh’s energy shortages. Adani Power Ltd. announced on Twitter late Monday, following a meeting with Bangladesh’s Prime Minister Sheikh Hasina in New Delhi, that it would open a 1.6 gigatonne facility in the state of Jharkhand, as well as a special transmission line for exports, by December 16. “It is an honor to have met Hon PM of Bangladesh Sheikh Hasina in Delhi. Her vision for Bangladesh is inspirational and stunningly bold. We are committed to commissioning our 1600 MW Godda Power Project and dedicated transmission line to Bangladesh by Bijoy Dibosh, 16 Dec 2022,” Gautam Adani tweeted. The undertaking highlights India’s efforts to use infrastructure to engage with its neighbours on a diplomatic level. Adani, the richest man in Asia with a business empire spanning ports, infrastructure, www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

and energy, has investments in Sri Lanka as well. As the cost of fuels like coal and gas has increased as a result of Russia’s invasion of Ukraine, Bangladesh has been experiencing an energy shortage. According to the US Department of Commerce, it continues to be largely dependent on imported fossil fuels for electricity and plans to double its power generation capacity by 2041 to support its export-oriented economy. According to a 2017 approval document from the environment ministry, despite the fact that Jharkhand is one of the largest coal-mining regions in India, the plant, Godda Power Project, will primarily utilise fuel that is brought from out of the country. Due to the high costs of shipping coal by sea from countries like Australia and South Africa and then by train to the

plant, the Adani project has come under fire. Moreover, Bangladesh’s economy is export-oriented, with textile production dominating. Bangladesh plans to double its power generation capacity by 2041 in order to support its textile exports, according to the US Department of Commerce. Bangladesh is regarded as an important regional partner by India. In addition, PM Modi has extended support to all neighbouring countries in areas such as trade and commerce, power and energy, transportation and connectivity, science and technology, defence, rivers, and maritime affairs in order to build a strategically strong India. Diplomatically, this will be a critical project for India to reach out to its neighbours. Apart from that, it will be critical for Gautam Adani, the world’s third richest person, to expand his business internationally. In addition, he is involved in a number of projects in Sri Lanka.

QUEEN ELIZABETH II, BRITAIN’S LONGEST-REIGNING MONARCH, DIES PEACEFULLY AT 96 Since October last year, Queen Elizabeth II had been battling health issues that made it difficult for her to stand or move. The Queen died after the palace announced on Thursday that doctors were “concerned” about her health and recommended that she remain under medical supervision. Her death leads to 10 days of national mourning, under a long-running plan known as “Operation London Bridge”. Her son Charles became king upon her death. The announcement comes a day after the 96-year-old monarch canceled her Privy Council meeting. Two days earlier the Queen appointed Liz Truss as the 15th Prime Minister of her reign. Britain celebrated the Queen’s Platinum Jubilee in June with grand events to mark 70 years of service to the nation. As the UK celebrated its Platinum Jubilee milestone with royal parades, street parties, and pageantry, the Queen thanked the nation in a letter, saying she was “humbled and deeply touched”. Crowned in 1953, Queen Elizabeth II became the longestserving British monarch in September 2015, surpassing her great-grandmother, Queen Victoria. This year, she became the world’s second longest-reigning monarch.

Queen Elizabeth II (6 February 1952 - 8 September 2022), the longest-reigning monarch in British history, died on Thursday (September 8). She was 96 years old. Charles, 73, the eldest son of Queen Elizabeth II and Prince Philip, became king after his mother’s death and would be called King Charles III. Queen Elizabeth II ruled for 70 years. In a statement on Thursday evening, the king said: The death of my beloved mother, Her Majesty the Queen, is a moment of greatest sadness for me and all my family members. The Queen died peacefully at Balmoral this afternoon,” Buckingham Palace said. The King and the Queen Consort will be at Balmoral this evening and return to London tomorrow,” the palace said The royal family - King Charles III, grandchildren William and Harry, and their families - gathered at their Balmoral retreat in the Scottish Highlands, where Queen Elizabeth II spent her final days. There have been 61 monarchs of England and Britain spread over approximately 1200 years. Queen Elizabeth II • Born: 21 April 1926, Bruton Street, London, United Kingdom • Died: 8 September 2022, Balmoral Castle, United Kingdom • Full name: Elizabeth Alexandra Mary Windsor • Spouse: Prince Philip, Duke of Edinburgh (m. 1947–2021) • Children: King Charles III, Prince Andrew, Duke of York, Anne, Princess Royal, Prince Edward, Earl of Wessex • Grandchildren: Prince Harry, Duke of Sussex, MORE 53

List of British monarchs Since the political union of the Kingdom of England and the Kingdom of Scotland on 1 May 1707, there have been 13 British monarchs. • Anne (Anne Stuart) - 1 May 1707 - 1 August 1714 • George I (George Louis) - 1 August 1714 - 11 June 1727 • GeorgeII (George Augustus)- 11 June 1727 - 25 October 1760 • George III (George William Frederick) - 25 October 1760 29 January 1820 • George IV (George Augustus Frederick) - 29 January 1820 - 26 June 1830 • William IV (William Henry) - 26 June 1830 - 20 June 1837 • Victoria (Alexandrina Victoria) - 20 June 1837 - 22 January 1901 • Edward VII (Albert Edward) - 22 January 1901 - 6 May 1910 • George V (George Frederick Ernest Albert) - 6 May 1910 20 January 1936 • Edward VIII (Edward Albert Christian George Andrew Patrick David) - 20 January 1936 - Abdicated 11 December 1936 • George VI (Albert Frederick Arthur George) - 11 December 1936 - 6 February 1952 • Elizabeth II (Elizabeth Alexandra Mary) - 6 February 1952 - 8 September 2022 • Charles III (Charles Philip Arthur George) - 8 September 2022 - Present www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA

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RNI No. DELENG/2018/76695 www.businessconnectindia.in | Vol. 4 | Special Edition October 2022 INDIA