Product of the Year-2022 by Business Connect

Vol-4|Issue 11|June 2022|100/-

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

ORGANIZATIONS CARVING THE PATH FOR AN EXCEPTIONAL BUSINESS WORLD THROUGH INNOVATION “There is no doubt that creativity is the most important human resource of all. Without creativity, there would be no progress and we would be forever repeating the same patterns.”- Edward De Bono. Creativity facilitates the path to innovation. At present, the business world is witnessing various emerging organizations that have paved their path through innovative and effective product panels. In this exclusive edition, we have summarized the success stories of some of them for our global readers. Magik Mat is one of the best and most innovative study tools invented ever. It is the world’s first and foremost engaging and gaming tool along with being an immersive learning specialist that directly helps kids to memorize and retain information. It helps them fight the traditional learning approach that is comparatively less effective and boring. It gives immense joy and excitement to kids while learning and helps them learn new things in a short span with a greater retention rate. Every business operating in the corporate world is chasing the approach and people that possess the capability to contribute to making the organization more innovative and competitive. And Business Connect is back with another brand new edition of our inspiring magazine. The special edition comprises a collection of some extraordinary businesses that are filled with a plethora of enthusiasm and offer some exceptionally innovative products in the market. Although, our focus point is the same as always- excellent business and their leaders in different industries. But if we talk about the cover page, our team decided to present a platform that encourages and adds value to the education sector particularly. Kishore Kumar Yedam (CEO) and Kishore Kapuvedhi (MD) are wellknown and experienced names in the domain of delivering extraordinary products. Since its inception, the platform is engaged in providing excellent products that have proven to be a supporter in the education sector. Our editorial team had an interesting and joyful session with both the leaders in which they shared numerous less-known facts about their venture and their entrepreneurial journey so far. We truly hope and desire that this fascinating edition will immensely inspire our global readership panel and will add some extra value to their lives. We will be more than happy if these success tales will boom your motivation and would encourage you to break the barriers and chase your dreams. Lastly, I would like to sign off with one of my favorite quotations by William James, “Success or failure depends more upon your attitude than upon capacity. Successful people act as if they have accomplished or are enjoying something, soon it becomes reality. Act, Look, Feel Successful, Conduct yourself accordingly, and you will be amazed by the positive results.”

Gulshan Parveen Gulshan@businessconnectindia.in

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

Business Head ASHISH KUMAR

Creative Director ASHUTOSH OJHA

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www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

Kishore Kapuveedhi

Kishore Kumar Yedam Global CEO

Global Managing Director

MAGIK MAT AND MY TALKING TREE

Table of

Advertently Bolstering The Kids’ World Of Innovative Learning With The Avant-Garde Edutech Products

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

18 Success Story

20 Euro Exim Bank Ltd.

e-Ashwa Automotive Pvt. Ltd.

Growth

Lifestyle

Jewelshala

Cuisine

SBL Knowledge Services

38 Nextgen Plasma

Finance

Hesol Consulting

46 Vijen Smart And Innovative Technology Solutions Pvt. Ltd.

48 Health 7

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

C O V E R

PRODUCT OF THE YEAR 2022

S T O R Y

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

MAGIK MAT AND MY TALKING TREE

ADVERTENTLY BOLSTERING THE KIDS’ WORLD OF INNOVATIVE LEARNING WITH THE AVANT-GARDE EDUTECH PRODUCTS Gulshan Parveen | Business Connect Amid the flood of evolution and innovation in the learning space, FSS’s Edutech Brands Magik Mat and My Talking Tree have emerged as a clear success and a powerful disruptive Edutech products, reshaping the education horizon. Acknowledged globally for their significant impact on the education of many school children, Magik Mat and My Taking Tree focuses on driving kids’ fascination through innovative learning, and it has proven fruitful. The core philosophy behind developing these trailblazing Edutech products, Magik Mat & My Talking Tree was to create curiosity & amusement in children for innovative learning and to kickstart global schooling in this technology era. These world-class Edutech products encourage and entice children towards creative learning by allowing them to study while playing, grasp & retain what they have learned. The Edutech products’ innovative seed has germinated well and became the cornerstone in setting new standards in the education space. Working on its mission to consistently enhance, innovate, generate value through people, and become a top performer in today’s competitive international market, The Edutech products’ have successfully achieved significant awards and accolades which proves its excellent capabilities even with the current transgressions.

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

“

WE BELIEVE THAT MAGIK MAT & MY TALKING TREE WILL PROVIDE EMPOWERMENT TO THE NEXT GENERATION KIDS IN EXPLORING THE WONDERS OF CHILDHOOD, REACHING THEIR FULL POTENTIAL & KICKSTART GLOBAL SCHOOLING IN THIS DIGITAL ERA TO GROW WISER AND MORE KNOWLEDGEABLE”

“

Kishore Kumar Yedam, apprised the lead behind the idea.

Kishore Kumar Yedam Global CEO

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

MAGIK MAT & MY TALKING TREE: BOLSTERING A NEW STANDARD IN THE LEARNING SPACE To transform kids’ learning with the purpose and vision of creating a revolution in the education sector with the current and futuristic IT/AI/ML solutions these Edutech products are developed to ensure that the kids’ holistic development is carried out smoothly and is not impeded. MAGIK MAT A leading multi-purpose edutainment gadget for kids that performs the most critical learning functions, i.e., inspiring them to ‘experience’ learning via mind and body. Magik Mat plays an important role in teaching, immersive learning, and holistic development for kids to boost their confidence, learn while playing & grow significantly. Its well-engineered prototype includes a plethora of predesigned learning activities and games such as ENGLISH, MATHS, EVS, RHYMES, STORIES, QUIZ, and activities to Enhance & Develop the Mental Ability of the Kids and many other elements of kids’ learning. Magik Mat connects to all Bluetooth devices and has Alphabet, Numbers, and Shapes printed on both sides of the Mat. MY TALKING TREE Another Edutech Product, My Talking Tree is a Pioneer AI-driven interactive robotic teacher from nature built to strengthen a child’s confidence through innovative learning as they play. Also known as Mr. DUDU, MTT brings the most cutting-edge technology, Artificial Intelligence to your students, schools, malls, airports, and other locations. It follows the three mantras of visual, aural, and verbal contact that helps kids to learn more effectively & efficiently. Mr. DUDU teaches children how to think “Out Of The Box” & enlightens them on how to be open to new experiences in today’s digital culture.

of this engaging and immersive learning gadget. Magik Mat is a unique Edutech product for kids where they can study while playing and become smart in this technology age. Furthermore, they are releasing the new and latest products of Magik Mat i.e., Toddler Mat & Fit Mat, and many more.

THE ESTABLISHMENT OF NEW LEARNING ERA The main impetus and inspiration behind the development of the innovative Edutech solutions are to transform the preschool education learning system & establish new era of learning for new gen kids. Social isolation, school closures, and imprisonment elevated the children’s danger of becoming uneducated, exposed them to domestic abuse, anxiety, stress, autism, and made them susceptible to exploitation. Increased & unsupervised internet use has worsened developmental concerns in kids. Furthermore, the internationally ubiquitous COVID-19 pandemic has infiltrated every element of their life.

What makes these Edutech platforms unique? Magik Mat and My Talking Tree are ISO, Quality Check certified Edutech Products and they offer the best learning and education facilities, as well as provides a platform to entice kids towards innovative learning so that their holistic development is carried out easily and without any difficulty. It is an immersive learning environment for children, and it will repeat learning ideas and themes until the child has properly mastered them.

To address these circumstances, in which children’s holistic development is severely crippled, FSS devised an innovative idea to create the Edutech Products, which will revolutionize children’s learning, combat their boredom, aid children in their overall development, create interest and amusement in them to learn and grow remarkably.

The animatronic AI-engineered interactive robotic teacher, My Talking Tree is designed to engage with children as they play to enhance their confidence through innovative learning. Also, to draw kids’ interest toward creative learning, My Talking Tree plays an important role in teaching and is an immersive learning platform for kids and may repeat the learning concepts & topics till the child has learned & understood correctly. It acts as a motivator for children to study while having fun.

BREAKING THE BARRIERS BETWEEN CHILDREN AND THEIR LEARNING Every child has the right to learn, and they should be equipped with the finest education facilities. The purpose of Magik Mat is to create a positive impact on kids’ learning whilst playing. Considering the arising concerns due to pandemic, when kids’ education is significantly hindered, led to the creation

KEY EXECUTIVES • Kishore Kapuveedhi (Global MD) • Kalyan Krishna (Executive Director) • Kishore Kumar Yedam (Global CEO) • Hari Babu N (Director) • Venkatesh V.G (CDO) • Derry P.G (COO)

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

MAGIK MAT & MY TALKING TREE’S TAKE ON TECHNOLOGY INFUSION Technology has enabled the Edutech products - Magik Mat & My Talking Tree to operate successfully and innovate, bringing excellent ideas to fruition consistently and effectively. Ironically, excellent innovation and creative thinking are dependent on a robust procedure carried out using standard operating measures and methodologies. These pioneer Edutech products, Magik Mat, and My Talking Tree (AI-Enabled) are engaging platforms that aid in the overall development of children. Especially now when children are becoming addicted to smartphones and other electronic devices. Moving towards its goal of establishing a revolution in the preschool education system and other sectors, the brands have always strived and focused on delivering high-quality, cutting-edge innovative tech solutions that stand out in the market. ACCELERATING SOLUTIONS AMIDST COVID-19 The Covid-19 pandemic has hampered economies and disrupted lives around the globe. With all the uncertainty on the front lines, there is a growing concern across the nation about how this will impact human life further. The team of Magik Mat & My Talking Tree has already set the procedures in place and enforced best practices to ensure the safety, physical and mental health of everyone. Magik Mat & My Talking Tree has always emphasized innovation as a means of achieving excellence and has started a channel partner program to assist them in promoting their businesses by selling the world’s leading, Brand of The Year – 2022 Edutech products and enabling them to generate larger revenues from their businesses amidst current transgression. Additionally, the company worked to promote social awareness of the COVID-19 protocol and guidelines, encouraged people to wear masks while going out, and allowed all the employees to work from home to ensure their safety and well-being. THE UNIQUE WORK CULTURE Magik Mat & My Talking Tree have built a highly credentialed and capable team with the inclusion of active entrepreneurs in mentoring teams, providing their insights from real-world `experience. With the right entrepreneurial mindset and people-focused culture, the management concentrates on establishing the company’s objectives so that employees can work together as a team and adhere to well-organized work culture and standard operating procedures (SOPs) to guarantee that no blockages arise during the execution of any process. They rigorously follow quality control rules to provide their customers with the finest and most personalized & advanced products. They are passionate about creating an extraordinary work culture with fantastic coworkers and a positive work culture that is influenced by a blend of business values, personality, purpose, and traditions that impact employees’ motivations and conduct. The organization was established on the basic principles of equality, innovation, integrity, and revolution. Also, the work-life balance is excellent, thanks to a highly competent group of upper management. www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

PAINTING THE CANVAS OF THE COMPANY’S FUTURE Magik Mat & My Talking Tree has grown tremendously as envisioned and will continue to expand significantly. With the current ground-breaking Edutech products and the upcoming AI/ ML/ Edutech products, their objective is to transform the preschool education sector, which will be successful and endure for many years. In the coming five years, Magik Mat & My Talking Tree will be well-known on a worldwide scale, with an incredibly good and positive impact on children’s learning via the use of the most up-to-date and revolutionary Edutech products.

Kishore Kapuveedhi

Global Managing Director

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

Collaborative Business partnership for our various Business Ventures Looking for 100 Smart Moms To Super Boss from India to Abroad

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www.AirCrewsAviation.com/2019/06/co-founder-collaborative-Business.html 17

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

Success Story

Ritesh Agarwal From Selling SIM Cards to Become Youngest Self-made Billionaire

Success Story www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

Who is Ritesh Agarwal:

itesh Agarwal is the founder and CEO of the world’s most pocket friendly hospitality and app- OYO Rooms which is a network of 2,200 hotels operating in 154 cities all over India and has $3.5m monthly revenues and 1500 employees. He is the world’s youngest selfmade billionaire after Kylie Jenner and got the award for the same in February 2020. For his efforts and achievement, Agarwal has received numerous prizes and medals, including the Business World Young Entrepreneur Award. He is a fellow of the Thiel Foundation and a regular speaker at entrepreneurial conferences and institutes throughout the world. Agarwal graduated from St. John’s Senior Secondary School with a high school diploma.

Early Life: Family and Education:

Ritesh Agarwal was born on 16th November 1993 in Titilagarh, Odisha, India, in a Marwari family. Ritesh comes from a family that used to own and operate a small shop in Rayagada, Odisha, and he received his education from Sacred Heart School in Rayagada. At the age of 13, he took up his first project which involved travelling to various parts of the country. While travelling he examined closely how the hospitality industry functions. Even though his parents’ desire was to see him successful in studies, he had his heart in something better than that. Ritesh got a considerable exposure to the hospitality industry by travelling around the world. Ritesh Agarwal who is running one of the most valuable startups in India was studying engineering when he dropped out of college. Once, to make his living and being scared of his parents that if they came to know he was not living in good condition, they would call him back, he began selling SIM cards. He was just thirteen years old. He finished his schooling from St. Johns Senior Secondary School. He went to Kota in Rajasthan for the preparation of the IIT entrance exam. There he was more interested in travelling to Delhi and talking to people who were engaged in their own businesses and doing things in their own way. He went to Delhi for college in 2011. He was also preparing for the SAT to continue his education in the USA but that was just a side option. He also liked to spend his time with computers and would try to learn something new by finding opportunities to make new mistakes. Being keenly interested in software, he borrowed programming books from his elder brother. He learnt some basic languages like Pascal from his school, and out of curiosity he learnt some other programming languages from google. Ritesh Agarwal also wrote a book titled- Indian Engineering Colleges: A Complete Encyclopaedia of Top 100 Engineering Colleges.” The book was a huge success on Flipkart and sold in great numbers.

Entrepreneur Journey:

As he was an avid traveller and faced a lot of problems finding pocket friendly hotels with basic facilities, he thought of starting a venture which could solve this problem. But before that he did some ground work. At the age of 19, he travelled for months and stayed in budget hotels briefly and even attended 19

customer calls every day just to know the experience and expectations of the customers who visited the hotels. Being confident in this opportunity disguised as a problem, he launched his first venture in 2012- “Oravel Stays”. It was an aggregate of bed and breakfast. As a matter of fact, this would also benefit property owners who were looking for short- and medium-term rents. After some time, he managed to get Rs 30 lakhs funding from Mumbai based start-up accelerator Venture Nursery in 2012. In 2013, he dropped out of college and had qualified for the Thiel Fellowship which gave him $100,000 meant for entrepreneurs below 20 years and who started their own business. Oyo is an abbreviation of ‘on your own’ which indicates that Ritesh could understand the plight of people who had to travel to different places but only get filthy and crappy places without basic facilities just because they are on a budget. He turned to social media platforms and asked people’s ideas and experiences about all the places they have travelled. Taking the insights from the people and getting inspired from the business model of Airbnb, Ritesh Agarwal relaunched Oravel as Oyo Rooms in May 2013. Tata first dot award named him in top 50 entrepreneurs in 2013. Also, he was named as one of the 8 hottest teenage start up founders in the world by Business Insider in the same year. In 2014, he received the Tie Luminous entrepreneurial excellence award and the very next year won the Business world young Entrepreneur award.

Recent Achievements:

The start-up had raised $1 billion by September 2018. Agarwal reportedly tripled his interest in the company by purchasing $2 billion in shares in July 2019. In February 2020, he became the world’s second youngest selfmade billionaire. He is a member of Forbes’ Asia’s 30 Under 30 list. Under his guidance, OYO, based in Gurugram, quickly grew from India to Malaysia and the United States, and is now available in 80 countries and over 800 cities. In 2017, Agarwal made one of his greatest risks by launching OYO in China. SoftBank, Hero Enterprise, China Lodging Group, and ride-hailing companies Grab and Didi Chuxing were among the investors. In July 2019, Agarwal announced a $1.5 billion stock repurchase and a $500 million investment in OYO, valuing the company at $10 billion. Recently, for the new year eve of 2022 Oyo had more than 1mn booking, generating Rs,110 crore.

Final Words:

Ritesh Agarwal started very young and still he is just 28 and has lots of milestones to achieve. His inspiring story offers the learnings that can become a guiding light for other wannabe entrepreneurs. His ability to solve a problem and create a business out of it tells us his unique thinking and resourcefulness.

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

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www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

Finance

IS MAJOR GLOBAL RECESSION KNOCKING THE DOOR?

ecession is scary. People lose jobs, businesses shut down, unemployment increases and living standards fall., But how do we define recession and what are the signs that it is around the corner? In general, a recession is defined as two or more consecutive quarters of negative economic growth or declining GDP (Gross Domestic Product). It is a period when a general decline is observed in national economies around the world. The previous recession was felt between 2007 and 2009. The impact and timing of the recession may vary from country to country. US recession often leads to global recession as it happened in 2009., Now again, as per growing warnings from banks and economists, the US economy could be plunging into a recession next year. However, the major indicators of the economy such as job market and consumer spendings are strong, increasing worries that rising interest rates can result in a sudden retrenchment. Recession risks are high-uncomfortably high- and rising mentioned Mark Zandi who is chief economist at Moody’s Analytics

SIGNS INDICATING RECESSION: SHRINKING GDP:

In the first quarter of the year from January to March, the GDP shrank by 1.4% if calculated annually which is a bad omen. According to a survey conducted by Bloomberg the estimated growth remained 1.1% over the period. First months of 2022 saw an increasing Omicron wave which quickly eased. However, inflation increased to a year over year pace of 8. 5% in March which is the fastest inflation since 1981.

INFLATION:

Inflation has remained about 40 -year highs and become a central challenge for the economy and US government. The higher prices of day-to-day basic things like food, energy and renting are shrinking American’s budgets, fogging their view of the economy. Fuel prices touched a new high this week. On the other hand, despite all these murky economic conditions, Americans haven’t changed their buying habits and are still spending heartly. No down trend was noticed in the sales of clothing, cars and furniture. In fact, a 0.9% increase in overall retail sales from a month earlier was noticed. www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

INTERNATIONAL UNREST:

There is a risk of recession in Europe and China which is casting a shadow on the U.S economy. While strengthening the U.S, dollar makes dollar investment more lucrative it can affect the export negatively, strengthening the chances of a technical recession. The fear of a turbulent economy and change in consumer pandemic spending habits forced big tech companies like Netflix and Peloton to cut their workforce recently. Twitter and Meta are not hiring anymore while Amazon stated that the company is overstaffed after months of rapid hiring. National claims for unemployment insurance increased upto 218,000 however, that is still near historic lows.

WAR AND COVID LOCKDOWN:

In April, the Chinese economy was grim because of the lockdown in multiple cities. Retail sales were down 11.1% compared to the previous year which was the worst performance since March 2020. Lockdown not only forced the consumer to stay indoors and not shop but also had a negative impact on employment. Russia and Ukraine are major commodity producers and war between

them has caused huge disruptions resulting in soaring global prices, particularly that of natural gas and oil. They both contribute upto 30% of the global exports for wheat that led to jump in the food prices as well. The effect is being felt by the global economy which results in slower economic growth and higher inflation.

WHAT BIG FINANCIAL FIRM SAY:

Biggest firms of America are at a crossroad whether these indicators mean recession or it is just a temporary phase of slowdown. Bank of America, Deutsche Bank, Goldman Sachs are among those prominent firms who forecasted the likelihood of a recession within the next 2 years. Goldman Sachs: Goldman is of the opinion that it is very challenging to bring down high inflation and wage growth that will not cause a recession. Goldman Sachs economists said recently that the economy does not need a recession but probably do need growth.

BANK OF AMERICA:

As per Bank America researchers an inflation shock will cause a recession and equity bear market in 2022. “Inflation causes recession, and right now, inflation is out of control.” BofA was heard saying last month. Researchers observed that almost all prior recessions have been preceded by inflation surges, including in the late 1960s, early 1970s, and in 2008. Higher yield and weaker dollar are the last things that contribute to recession.

DEUTSCHE BANK

Deutsche Bank says that a recession is likely to be there by the end of 2023, and predicted that the trigger will be the Fed hiking interest rates Above 5%. “We will get a major recession, but our strongly held view is that the sooner and the more aggressively the Fed acts, the less longer-term damage to the economy there will be.”

The bank said. The economic experts counter that inflation will keep rising because of the hot labour market and supply-chain issues, pushing the Fed to act.

J.P MORGAN:

J. P Morgan declines any near-term recession. Though they forecast continued financial pressure on US households. “The Fed is going to fight inflation this year and likely into next, but there are many other ways for inflation to fall regardless of what happens to interest rates”, said Jacob Manoukian-head of investment strategy for J.P Morgan. As per the Data obtained from J.P Morgan, 20% of people at the bottom have more money in their bank accounts than before the pandemic. Also, in lower paying jobs, the wage increment has been the fastest.

UBS:

The researchers of JP Morgan and UBS are on the same page. Matthew Mish, head of credit strategy at UBS said that the inflation is not going to overwhelm Americans because of the savings they accrued during the pandemic. He also added that the growing bargaining power of service sector workers and increased debt may be temporary. The UBS editorial team stated “Our base case is that inflation is likely to fall from current levels but remain above pre-pandemic ranges. We expect growth in 2022 to be slower than last year, but not tip over into recession.” Amidst ongoing war between Russia and Ukraine and other factors, the global economic situation is unpredictable. The stock markets reflect early warning signals and show the impact of economic downturns. As per Deutsche Bank with the temptation of taking a slow path, people are hoping that the US economy would land softly on a sustainable path, which is not going to happen and their target is to minimise the economic, financial, and societal damage of prolonged inflation by not doing any mistake while doing too much.

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

e-Ashwa Automotive Pvt. Ltd. REDEFINING THE EV MARKET WITH OUTSTANDING OFFERINGS…

VIKAS GUPTA Founder CEO & CFO

Gulshan Parveen | Business Connect ur editorial team sat down for an exclusive coffee-table conversation with the Founder, CEO and CFO of e-Ashwa- a pioneering and one of the leading manufacturers of eco-friendly electric vehicles in India. We happened to recognize the company for its speciallycurated wide-range of battery operated electric vehicles (two-wheelers and three- wheelers) catering to B2B and B2C segments. Cozy, sustainable, cost-efficient and comfortable- this is how they define their exclusive products. Hence, we couldn’t help but feature them in this edition, compiling our list of phenomenal and insightful organizations. Let’s dive into the whole story!

THE CORE MOTIVATION

It all started five years back when the founding team of e- Ashwa realized the strategic role Electric Vehicles are about to play in the growth of the manufacturing era of the country. They recognized the potential of the EV market to contribute to cost-cutting in terms of foreign currency reserves along with making the environment clean and green. Hence, they concluded to induce a manufacturing revolution that could alter the current environmental situation dressed up as e-Ashwa. With its inception, e-Ashwa happened to usher in a new-age phenomenon where decentralized manufacturing allowed it to make its way into the industry. Here, it has marked its presence by signing up 52 Assembly units and 3 Import Hubs out of which 26 Assembly lines are majorly operational that provides e-Ashwa an Assembling capacity of 60,000 vehicles in a month that is far more than the capacity of many industry giants today. The setting up of a unique concept of low investment high potential small exclusive outlets with comprehensive branding and marketing themes across Tier 3 and Tier 4 cities, made it stand out in the crowd.

ROLE OF INNOVATION AND R & D SIGNIFICANCE

e-Ashwa acknowledges the crucial role of innovation and R&D in their exponential growth. As per the leader, to maintain the dominance in the market both these aspects play an instrumental role. “We have a full-fledged R & D centre of our www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

par with the world’s best practices. Lead from the front and present self as an example is the uniform trait displayed by all the management team membersthis is the motivation strategy of team e-Ashwa.”

NOTCHES ON THE BELT

No doubt, e-Ashwa has created a gargantuan impact across the EV industry by providing reliable products that effectively meet the quality parameter. For this, they have been recognized with several awards and accolades. A few of the worthy mentions are as follows• • • • • •

own wherein a team of more than 14 technically qualified and experienced resources are deployed and probably, we are the only company in the EV segment that spends nearly 10% of its profits on the R & D activities. Moreover, innovation is said to be the backbone of any organization that either wishes to mark its presence in the market or wants to maintain its presence. e-Ashwa understands it to the fullest and has been following this principle at every stage and level. In the current era, innovation doesn’t simply mean innovation in the product, the notation has been widened now to include innovation in the complete offering.” Undoubtedly, despite no collaboration with the ‘bigwigs’ of the industry, e-Ashwa has emerged to be one of the dominant players here.

WHAT IMPACT HAS IT CREATED SO FAR?

The focal point of the company has been to generate impact in the mass segment where the prominent determining factor is the scale that is directly proportional to maintaining the leadership position or dominance. With its largest production capacity, the largest range of products and the largest Dealer and Distributor network including its Pan India presence, all these denote the importance of scale as adopted by e-Ashwa. When it comes to inspiring the community with diversity with inclusion, what could be a better example than having all the five shareholders and directors with professional qualification backgrounds from the varied stream. The management team includes Chartered Accountants, Engineers, MBA in different streams and express and possess different viewpoints- citing sheer inclusivity that has been inspiring their peers too.

Received Top 10 Best Leaders in Automotive Industry- 2021 by CEO Insights Magazine Bestowed with Delhi Ratna Award – Bharat Manch Awarded Gems of India Award – Bharat Manch Identified as India’s Greatest Leaders 2021 – Asia One Considered India’s Greatest Brands 2021 – Asia One Fastest Growing company of the year from GOI MSME Minister of State Shri. Bhanu Pratap Singh Verma

FUTURE OUTLOOKS

After marking its substantial presence in low-speed Electric 3 Wheelers and 2 Wheelers, the company is considerate about the fact that the future is in high speed. Therefore, it is about to make a big launch in the high speed vertical of the industry by the end of July 2022. Many industry experts and mavens are eagerly awaiting this launch by e-Ashwa and the team is quite positive to deliver excellent solutions in this direction too.

WORK CULTURE

Behind every successful business venture stands a positive work culture. At e-Ashwa, each member of the management team is backed by a job experience of 20+ years while being associated with various large Indian and Multinational organizations. Flexibility, transparency and optimism are essential components of e-Ashwa’s work culture. Unveiling more aspects of the company’s culture, the leader conveys, “Despite being a 100% Indian organization, all the processes and systems deployed in e- Ashwa are at 29

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

Growth

MONEY MANAGEMENT TIPS THAT WILL IMPROVE YOUR

FINANCIAL HEALTH Because without a plan, it’s pretty easy to wonder where your income went, rather than knowing where it should go. After all, we all stay keen to follow that ‘Treat Yourself’ trend in the present generation. Just think in the most mature way possible and plan your financial expense.

“Sometimes it’s not about the money, but rather the process of managing the same.” Money management is one of the most underrated skills of today’s generation. People are learning how to make money, but they lag in managing it appropriately. It’s easy for us to fall for unnecessary things and luxuries while ignoring our necessities. And when it comes to ‘calculating’ those expenses by comparing them with our earnings, we find it complex and just leave. But trust me, managing your finances isn’t that overwhelming. Try to implement these money management tips and start controlling them before your money start controlling your decisions.

BE A BUDGET MASTER

Budget is a mathematical confirmation of your suspicions. We all are aware of two types of income streams, Fixed and Fluctuating. It’s comparatively easier to do budgeting on a fixed income than fluctuating one, but still, I’m telling you, it’s not that difficult. You just need to categorize your spending in different aspects, including Must-Haves (All your necessities), Nice to Haves (Those things that are little luxurious than needs), Miscellaneous (Some bits and bobs that may occur), Emergency Fund (All medical expenses+ saving of your 5-6 month’s income to ensure your survival in case of losing your income stream).

SET RIGHT FINANCIAL GOALS

If you’re conscious about your finances, then setting up appropriate financial goals is the prime tip for you. Now, always remember fulfilling your needs has more importance than going behind luxuries. This isn’t your last day on the earth, so stop being overwhelmed about things that you ‘always wanted. Initially, you need to analyze your current financial status and create plans accordingly. Having predefined goals will help you stay focused and motivated to scale the ladder of financial independence.

In addition, it’s important to understand that living on less than you make is a matter of controlling yourself, not a matter of mathematics. So try to be extremely conscious about your finances.

INVESTMENT: DON’T TELL ME YOU’RE STILL NOT DOING IT Learning to generate and manage your money is surely a great thing. But, making it useful for yourself is even better. If you sustain any long-term goals for yourself, and if you don’t, I still think investing is the best way to save your money profitably. Also, investing for a long period can surprisingly give you tremendous benefits. You have no idea what a small chunk of your income can give you after a consistent and uninterrupted investment. Just be futuristic and find different and innovative ways to invest your money to reap the best fruit.

KEEP A CHECK ON LIFESTYLE INFLATION

Generally, when people get an income stream or addition in their income, they start spending more. Doesn’t matter if the spending has any significance in their lives or not. This www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

whole phenomenon is considered as ‘Lifestyle Inflation. And trust me, it’s the worst situation that can occur in your financial planning that will hinder you to achieve your financial freedom. You may get better at paying your bills after lifestyle inflation, but in a long run, it can cause massive damage to your wealth-building ability. Every extra penny out from your wallet at present can be a deduction from your future necessities. I understand the fact that the desire to match our status with those surrounding people is very stimulating, but remember the lines by Emma Watson, “You have a family to feed, not a society to impress.”

Lastly, I would like to say that keeping pace with your finances is a tough task that can easily break your willpower and make you annoyed enough to leave it. This problem is not disturbing you only, it’s with almost every person who wants to have a perfect financial status. In this scenario, you must have a clear reason for starting it. Ask yourself why you want this financial freedom? Why do you want to have a money management system? If you get the answer, then let me tell you, buddy, you got your reason. Always work on building up the knowledge on financial management and try to incorporate the same in your life.

For this, listening to podcasts and reading financial books are two great ways. ‘Happy Money’ by Ken Honda, ‘Mint Your Money’ by Pranjal Kamra, ‘The Psychology of Money’ by Morgan Housel are some extremely good books that can improve your financial management skills.

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

20 MOST PROMISING

ST RTUPS

TO WATCH-2022

JEWELSHALA RECREATING THE HORIZON OF JEWELLERY INDUSTRY Indranil Roy | Business Connect

DRIVING A MEANINGFUL CHANGE

While being successful is a common goal, it takes a visionary to be successful significantly.

ewellery and the art of making it has a long and storied history. It has been passed down the years via a traditional model from master to apprentice. But there has been a radical shift in the tradition due to digitalization. With innovations on the horizon, the jewellery industry is adapting to latest technological breakthroughs that have also revolutionized other industries. With the emergence of digital transformation, where do aspiring jewelers and jewelry designers learn their craft today? Introducing JewelShala, a visionary startup training platform for the Jewelers and Jewellery Designers of tomorrow. We recently interviewed JewelShala’s founder, Ms. Priyanka Narnolia. She is an Edupreneur and Jewellery designer, striving to set a futureproof benchmark for Jewelers and jewelry enthusiasts. During our discussion, she took us through the pivotal stages of her journey and how JewelShala has evolved in its purpose to new heights. Her ambition for her brainchild has earned it a spot in our captivating edition, “20 Most Promising Startups to Watch in 2022.”

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

Ms. Priyanka did her Masters in Fashion and Lifestyle- Accessory Design, specializing in Jewelry Design. But the curriculum differed greatly from what the industry demanded. Indian jewellery differs from the western genre in terms of design and appeal. Indian patterns have a royal elegance. Western jewellery is delicate and exotic. Its simple form is refreshing and offers anyone a polished look. Despite being new to the industry, she knew her Strengths and Limitations and undertook industry-wide research to better grasp the underlying demands. Identifying the General mindset of people she also added there is a lack of awareness among Indians about Jewellery Designing being an Actual Career. To make a note, Indian Gems and Jewellery sector stands the Largest contributor of around 29% to the Global Jewellery Consumption, we definitely need right talents to be able maintain the Demand Supply chain. Looking at the current gap in the supply channel of skilled talents, the industry urgently needs to onboard talents who can take charge of upcoming opportunities. Also, With so much unemployment and Financial constraints, potential talents should have a chance to receive professional trainings, polish their skills and improve their lifestyle. With the onset of Covid 19 people became more open to exploring digital world, trusting and building relation out of their regional limitations & upskilling themselves for better career opportunities. Besides knowledge, she identified that there was a lack of understanding of the market needs. People preferred gold jewellery with heavy embellishments until the last decade, when elegant designs largely supplanted them. With the change in designs, it has become more than just a sustainable investment option. Ornaments have become a daily use apparel instead of an occasional necessity. However, the market didn’t have the mounting creative Designers required to meet the Demands. Ms. Priyanka wanted to address these gaps. She believed that the craft behind the various styles demanded a tailored training 34

model. This planted the idea of an integrated platform that upskills Jewellery Enthusiasts and Jewellery businesses through Bespoke Guidance. With a clear purpose, she founded JewelShala. Within a few months, JewelShala attracted a lot of attention. It evolved into an Ecosystem where people could connect and empower one another. Most significantly, it allowed housewives and newlywed women who could not step out and work to find fulfillment and financial freedom. As India’s FIRST and FASTEST- growing jewellery E-Learning portal, it also hosts a Community of Designers and Jewellers to bridge the Employment gap.

A BASKET OF BESPOKE CURRICULUMS

JewelShala is dedicated to transforming individuals into complete designers, whether they are Jewellers or Jewellery Enthusiasts. Taking that into account, it offers 4 types of courses, namely CAD design, Conceptual Jewellery Design, CorelDraw Jewellery Design and Jewellery Merchandising. The courses focus on dramatic industrial shifts and fulfilling client expectations. The courses cover all there is to know about Jewellery Design, including the Design Process, Sketching, Gemstone Rendering, Standard Jewellery Sizes & Measurements, Jewellery Mechanisms, Jewellery Fabrication Practices, Orthographic Views, and more. Learners will also gain hands-on experience with practical applications of 3D CAD Modelling. While the courses have a lot to offer, they are Reasonably Priced so that people from all walks of life can enroll. It’s promoting and encouraging a niche vertical that has huge potential to drive large-scale creative impact. Because JewelShala aims to empower businesses, it offers a hands-free approach to jewellery management and tactics for establishing a Jewellery brand as a merchandiser. The courses primarily complement Priyanka’s in-depth market research and education in jewelry design. “We are constantly learning and innovating to shape the Jewellers of tomorrow,” asserts Priyanka proudly.

money without any support. But her insatiable thirst to see her vision fulfilled kept her moving forward. She understood the tenacity that comes with being passionate. However, she believes in dealing and leading with empathy. She also feels a leader should ensure that his or her team members enjoy a healthy lifestyle so that they can be their best selves.

EYES ON NEW POSSIBILITIES

“The harder you work for something, the greater you will feel when you achieve it.” The adage perfectly syncs with Priyanka’s endearing journey. She started the journey alone and it is admirable how her concept has thrived. Her vision to address the sector’s skills gap has resulted in the Upskilling of 500+ Designers and Jewellers. It’s ultimately boosting industrial growth while ensuring a positive impact on the economy. Long story short, JewelShala is driving a critical transformation in the jewellery market. With a limited team, they have created new products, upskilled people, and received much positive feedback. They have also launched their own app, “JewelShala,” without any inorganic investments and an educational engagement community called INFINITY for Jewellery Enthusiasts through which learners can connect & gain access to special Learning Content curated by JewelShala for FREE. The jewellery industry still has many untapped areas which Priyanka wishes to explore. She and her team are planning products that could create better opportunities for learners. We wish them greater success in transforming dreams into successful realities.

COVID-19: A BLESSING IN DISGUISE

E-Learning has been one of the critical breakthroughs that have erupted since COVID-19. Not only has it helped in keeping businesses afloat, but it has set a paradigm for learning and development. Likewise, COVID-19 has been a steppingstone for JewelShala. People’s trust in E-Services grew during this time, and JewelShala received a major boost. They covered extensive geographical boundaries and onboarded talented faculties. “Although our team is dispersed across India, our unfettered collaboration ensures trust and integrity at all levels,” says Priyanka. They cover prominent metros like Delhi, Jaipur, Kolkata, Chennai, Mumbai, Banglore, Ahmedabad, Hyderabad, as well as neighboring geographies like Pakistan.

PRIYANKA NARNOLIA: A VISIONARY & ‘WOMENPRENEUR’

The primary vision behind JewelShala was to break new grounds in training Jewellers and Designers. But gradually, it also became a mission to Empower Women. The founder claims that during COVID-19, they helped many women in empowering themselves, by providing them with right trainings and employment opportunities. These facts indicate the hues of a wise leader. Priyanka’s career has been nothing short of a rollercoaster. Her idea was born from a vision and the knowledge she gained during her studies. In the beginning It was challenging to find & onboard the correct personnel into the team. It was also tough to invest and handle 35

PRIYANKA NARNOLIA

Founder & Managing Director of JewelShala www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

Lifestyle

TOP - 10 RICHEST ACTRESS IN INDIA, Meet Highest-Paid Bollywood Actresses

he Indian film business is known for its glamour, vitality, and drama as one of the world’s major movie hubs. In the financial year 2020, the Indian film business was worth around 183 billion Indian rupees. Due to the coronavirus (COVID-19) pandemic, this was projected to more than double the following year.

After movies, actresses make a lot of money by endorsing products. Brand equity may be increased through celebrity endorsements. It helps people recall advertising when they watch a celebrity who already has their brand, and it encourages them to try or buy the product. It also helps the company stand out from competitors that do not employ celebrity endorsements. Today we are going to meet the top 10 richest actress in India.

Top 10 Richest Actress In India Sui Dhaaga, and many more. • Net Worth – $36 Million (264 Crore INR) Anushka Sharma (top 10 richest Bollywood actress) is an actress and film producer from India. She is one of India’s most popular and well-paid actresses, having several awards, including the Filmfare Award.

01 • • •

– Deepika Padukone Age: 36 years Spouse: Ranveer Singh Best work – Piku, Bajirao Mastani, Golliyon Ki Rasleela, and many more. • Net worth – $48 million (361 crore INR) Prakash Padukone’s daughter Deepika Padukone (top 10 richest actress in India) was born in Denmark to a Konkani-speaking family. She is a well-known Hindi film actress and producer from India. Her awards include Filmfare Awards three times, making her one of India’s highest-paid actresses.

Her finest performance earned her a place in everyone’s heart, and she gained success in a short period. Anushka Sharma and Virat Kohli have been one of the most well-known couples since their marriage. Anushka Sharma has featured in 19 films and used to demand INR 9-10 crores each film, but her costs have now risen to INR 12-13 crores.

She is included among the country’s most popular celebrities, and Time named her one of the world’s 100 most influential people in 2018. Her debut picture in Hollywood was XXX: Return of Xander Cage, in which she co-starred with Vin Diesel.

04 – Kareena Kapoor Khan • Age: 41 years • Spouse: Saif Ali Khan • Children: Taimur Ali Khan Pataudi • Best Works – Kurbaan, 3 Idiots, Heroine, Good Newwz • Net Worth – $60 Million (440 crores INR) Kareena Kapoor (top 10 richest Bollywood actress) is a Bollywood actress who has appeared in several films. She is the younger sister of actress Karisma Kapoor and the daughter of Randhir and Babita Kapoor, she has appeared in a variety of films, ranging from romantic comedies to suspense thrillers, and has received several honors, including six Filmfare Awards. She is one of Bollywood’s most famous and well-paid actresses.

02 – Priyanka Chopra • Age: 39 years • Spouse: Nick Jonas • Books: Unfinished • Best works – Fashion, Dostana, Mary Kom, Bajirao Mastani • Net Worth – $50 million (367 crore INR) Priyanka Chopra Jonas (top 10 richest Bollywood actress) is an Indian actress, singer, and producer in the Bollywood industry. Chopra is one of India’s highest-paid and most popular celebrities, having won the Miss World title in 2000. She is the recipient of numerous awards, including two National Film Awards.

05 • • •

– Vidya Balan Age: 43 years Spouse: Siddharth Roy Kapur Best work – Kahaani, Kahaani – 2, Tumhari Sulu, and many more • Net Worth – USD 18 million (134 crores INR) Vidya Balan (top 10 richest actress in India) is an Indian actress who has primarily worked in Hindi cinema. She is the recipient of many honors, including a National Film Award and six Filmfare Awards, for her performances in female-led films that pioneered a revolution in the image of women. Vidya Balan’s net worth is believed to be USD 18 million, or about 134 crores in Indian currency, according to media reports.

Her ABC-produced program Quantico, which aired for three seasons, reportedly paid her INR 3 crore for each episode. In addition, Priyanka charges around 2 crores for each sponsored social media post. This brings her annual earnings to almost INR 73 crore. Priyanka Chopra’s entire net worth is believed to be $50 million, which equates to INR 367 crore, according to a report. 03 • • • •

– Anushka Sharma Age: 33 years Spouse: Virat Kohli (m. 2017) Children: Vamika Kohli Best Works – NH10, Dil Dhadakne Do, Ae Dil Hai Mushkil,

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

06 – Kangana Ranaut • Born: 23 March 1987 (age 35 years), Bhambla • Best Works – Tanu Weds Manu 2, Simran, Manikarnika: The Queen of Jhansi, Panga • Net Worth – 95 crores INR Kangana Ranaut (top 10 richest actress in India) is a Hindi film actress and director from India. She has appeared six times on Forbes India’s Celebrity 100 list. She has won several honors, including four National Film Awards and four Filmfare Awards. Kangana Ranaut has a net worth of about 95 crores. Miss Kangana Ranaut is a Bollywood actress who has produced her films. She belongs to Himachal Pradesh. In 2007, she starred in the movies Life in a Metro and Shakalaka Boom Boom. She was then featured in the film Fashion in 2008, for which she won the Filmfare Best Supporting Actress Award and the National Film Award for Best Supporting Actress. 07 • • •

– Sonakshi Sinha Born: age 34 years Parents: Shatrughan Sinha, Poonam Sinha Best works – Khandaani Shafakhana, Mission Mangal, Happy Phirr Bhag Jayegi, and Welcome To New York • Net worth – 75 crore INR Sonakshi Sinha (top 10 richest actress in India) is an actress from India. She made her acting debut in the action-drama film Dabangg in 2010, winning the Filmfare Award for Best Female Actress for her role as Rajjo Pandey. As of 2019, Sonakshi’s net worth is estimated to be about INR 75 crore. Brand sponsorships and personal investments are said to make up the majority of her earnings. She also receives a profit share from her films. In the last three years, Sonakshi Sinha’s net worth has reportedly grown by 27 percent. She is also one of Indian’s top taxpayers. 08 • • •

– Bipasha Basu Age: 43 years Spouse: Karan Singh Grover Best works – No Entry, Phir Hera Pheri, Dhoom 2, Race, and many more. • Net Worth – 15 Million USD (113 crore INR) Bipasha Basu (top 10 richest Bollywood actress) is an Indian film actress and model who is also famous for her married name Bipasha Basu Singh Grover. She is known for her work in Hindi cinema, but she has also starred in films in Tamil, Telugu, Bengali, and English. Bipasha Basu’s entire net worth is believed to be 15 million dollars or about 113 crore rupees in Indian currency. Her main sources of income are brand endorsements and movie roles. 09 – Katrina Kaif • Born – 16 July 1983 • Awards – Zee Cine Award for Best Actress in a Supporting Role, Zee Cine Award for International Female Icon, and many more other • Best Work – Zindagi Na Milegi Dobara, Rajneeti, Namastey London, New York, and many more other • Upcoming project – Phone Bhoot and Tiger 3 • Net Worth – $20 Million (148 crores INR) Katrina Kaif (top 10 richest Bollywood actress) is best known for her roles in Hindi cinema. She is a well-paid actress in India. She has received four nominations for the Filmfare Award. Katrina Kaif is an excellent actress with a wide range of roles. Hong Kong was her birthplace. She moved to China, Japan, France, Switzerland, Poland, Germany, Belgium, Hawaii, England, and finally India when her parents divorced, she didn’t get much time for education. She has also performed in films in Telugu and Malayalam. 37

In 2008, 2009, and 2010, Eastern Eye named her the sexiest Asian lady in the world. She has an employment visa in India because she is a British citizen. She makes an estimated 148 crores per year through her films and sponsorships, charging between 8.5 and 9 crores for each film. 10 • • • •

– Sonam Kapoor Born: 36 years Education: University of East London Spouse: Anand Ahuja Best works – Bhaag Milkha Bhaag, Sanju, Prem Ratan Dhan Payo, and many more other. • Net Worth – $15 million Sonam Kapoor (top 10 richest Bollywood actress) is a Bollywood actress, model, director, and producer from India. She is an actress with a golden heart who is dominating the hearts of many people all around the world with her acting, fashion, and filmmaking abilities. She has won a National Film Award and a Filmfare Award, and from 2012 to 2016, she was a member of Forbes India’s Celebrity 100 list, based on her earnings and popularity. Sonam Kapoor is the highest-paid actress in the Hindi film industry. Sonam’s overall net worth is estimated to be approximately $15 million, however, it may be more than 100 crores in Indian rupees. www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

THE BEST

COMPANY TO WORK FOR IN 2022

SBL KNOWLEDGE SERVICES A Successful Venture by Gopakumar Pillai Offering New-Age Tailored IT Solutions Gulshan Parveen | Business Connect

opakumar Pillai, the visionary, shared the unique idea behind SBL Knowledge Services ensuring “Success through Partnership” as he laid the foundation in 2005. The global Information Technology Company, SBL is one of India’s prominent tech service providers with a presence in diverse industry verticals and has emerged as the most sought-after knowledge organization in the world. Since its inception, the employees and the highly qualified technocrats in top management are working passionately to spearhead digital transformation across the B2B, B2C, and government sectors.

Offering best-in-class technology solutions and services to businesses across the globe, SBL has positioned itself as a leading IT Service and Solution Company specialized in geospatial science, virtual reality, smart technology solutions, eCommerce solutions, mobile applications, artificial intelligence, machine learning, and business transformation services to meet specific business needs of its clients. A strong leader aligning technology with business, SBL is seamlessly delivering greater business value since inception and strives to be a leading knowledge organization that upholds the values of trust and integrity and fosters a culture of continuous innovation.

THE MAN BEHIND THE IDEA

Gopakumar Pillai, Managing Director, SBL is a visionary entrepreneur and a results-oriented leader. He holds over 25 years of rich experience in executing turn-key projects and developing sustainable business strategies. He is enthusiastic about developing tech innovations and is a creative thinker who is always looking for new ways to contribute to the success of any organisation. He believes that leadership is all about mentoring the employees to be leaders themselves than followers. In the key position of MD at SBL, Mr Pillai empowers the team to utilize their fullest potential always and encourages them to take risks without any fear of failure. He keeps experimenting with new tools and strategies to find what works best. He is constantly working to provide exceptional value to the customers by innovating the services continuously and delivering the best. Gopakumar Pillai is a follower of Sadguru Shirdi Sai. Sadguru’s life and teachings have always inspired the leader and helped him to be a better personality.

THE TALE OF INCEPTION

Back in the early 2000s, India was emerging as a preferred global outsourcing destination. During his decade-long career at Vardhman Group and as a business consultant, the visionary was eagerly looking to join India’s IT boom and bring technological growth to the nation’s remote areas. Considering the way, in which the emerging technological growth opportunities were getting constrained to the Tier 1 and Tier 2 cities, he was inspired to venture into the IT and BPO segment with an innovative business model that leverages the untapped potential in Tier 3 and Tier 4 cities. He believed that this could transform the lives of the rural youth and increase their standard of living. Motivated by this vision, Gopakumar Pillai started SBL Knowledge Services 17 years back. The story began as a small business venture with 30 employees, it has grown into an established digital transformation leader catering to diverse verticals. Today it is a global leader in digital

Gopakumar Pillai Managing Director

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

JEWELS IN THE CROWN •

•

transformation and a pioneer in building eco-friendly parliaments with historic achievements like the implementation of India’s first high-tech legislative assembly (eVidhan) and India’s first NeVA to its credit.

SBL’S WORK CULTURE – A HAPPY FAMILY

Unlike most IT consulting firms, SBL is a happy family built on the foundations of trust and cooperation. Here, employees are considered as the biggest assets. SBL’s focus is always on promoting a culture of teamwork, innovation, and employee empowerment with unlimited growth opportunities for the performers. The equal opportunity policy allows each employee to get recognized entirely based on merit. The continuous rewards and recognition program and employee benefits scheme establishes a result-oriented culture ensuring maximum employee satisfaction. There are many ongoing learning and development programs to enhance the functional and behavioral skills of the team.

WORKING TOWARDS INNOVATION

SBL is constantly investing in research to be at the forefront of technological developments and deliver the best products and services to customers. Through continuous R&D for developing end-to-end digitalization solutions for the government, the tech solution provider has supported the implementation of India’s first eVidhan and NeVA. It holds the credit for the proprietary eParliament, eLegislator, and eMunicipality solutions. The SBL team is actively accelerating digital transformation and working to innovate and redefine these solutions to meet evolving market needs.

WORK-LIFE BALANCE DURING THE PANDEMIC

During COVID-19, the management took firm steps to ensure that every employee is equipped with all the required tools to work from home. They encouraged the employees to get involved in different motivational and learning activities. But at the same time, the management ensured a healthy work-life balance for employees by supporting them in setting clear boundaries between their professional and personal life.

INCLUSION OF TECHNOLOGICAL ADVANCEMENTS

“The incredible growth of SBL can certainly be attributed to our foresight in embracing technological innovations and delivering customer-centric solutions for redesigning business processes. We follow a well-defined training plan to upskill our team and ensure that they are updated with the latest advances in technology,” the inspiring leader shared. “Our research division continuously focuses on identifying critical business challenges and resolving them through advanced technologies like artificial intelligence, machine learning, mobile communications, robotics, and eCommerce,” he further explained.

SBL’S INSIGHTS ON SWOT ANALYSIS

In this unpredictable era where social, political, and economic conditions are fluid and evolving rapidly, businesses have the flexibility to adapt to these changes and respond accordingly. The key to success is to make decisions based on what might happen in the future and not based on what has already happened. At SBL, the team actively focuses on SWOT analysis to support their decisions during challenging times as it is a great tool to identify opportunities and threats. They base their decision on data and facts rather than feelings or intuition. 41

SBL’s biggest achievement is the positive feedback it has been getting because of the exceptional value it delivers and its partnership approach to business. Another noteworthy achievement is creating India’s first hightech legislative assembly by implementing eVidhan in Himachal Pradesh Legislative Assembly. The firm has also created history by operationalizing India’s first NeVA in record time in Nagaland Legislative Assembly. Recently, SBL completed the 1921 Census in record time irrespective of the COVID-19 pandemic and received appreciation from the stakeholders including the British Government.

CORPORATE SOCIAL RESPONSIBILITY

With a strong commitment to make a difference and change lives for a brighter tomorrow, SBL runs a nonprofit organisation named SBL Human, focused on providing needy people with a better and healthier life. Through the foundation, the team extends health care and education to economically backward children and provides housing and access to quality medical facilities for the needy. They also provide job training for the youth and run old age homes for the senior citizens.

EXTENDING THE SUCCESS

SBL is planning to launch innovative products and services in the IT and ITeS verticals with a strong emphasis on digital transformation initiatives. Being a champion of green technology, the firm aims to spread awareness about the need for digitalizing not only the business sector but also the government institutions. Moreover, it is on its way to positioning itself as the industry leader in the end-to-end digitalization of businesses and legislative bodies across the globe. Sharing his words of motivation for budding entrepreneurs, Gopakumar said

“Success comes from repeated arduous work. There are no shortcuts. Do not be disheartened by setbacks, train yourself to see an opportunity in every challenge. Be innovative and open to change, as it is imperative for survival in the digital era.” www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

HIGH GROWTH

BRAND to watch out in 2022

VISITS ASSURED INNOVATION SOLUTIONS

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

VISIT

ASSURED INNOVATION SOLU

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

siliconindia

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA

|19|

August 2019

www.businessconnectindia.in | Vol. 4 | Issue 11 | June 2022 | INDIA