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  • TiE Global Summit records a brilliant Day 2 as the panels transpire on Cultural Entrepreneurship, Technology for Sustainability, and Fostering Entrepreneurship

    Hyderabad,  December 2022 – The much-anticipated annual TiE (The Indus Entrepreneurs) Global Summit, on the second day of the three-day flagship entrepreneurship summit, saw some brilliant turnout and action. The program agenda successfully accomplished parallel tracks on panel discussions and fireside chats, keynote sessions, investor session smashups, TiE University Global Pitchfest Competition – Semifinals, TGS100 Showcase, Masterclasses; and the first of its kind, TiE Women Global Conclave Pitch Competition Finale.

    A panel discussion on ‘Unleashing The Maverick Mindset’ saw Mr. Krishnan Ramanujam (Chairman of NASSCOM & President, of Enterprise Growth Business at Tata Consultancy Services), Mr. Harish Mehta (Chairman of Onward Technologies & Author of The Maverick Effect) share their thoughts on the subject while another panel discussion on ‘Sustainability Economics’ had Mr. Abhay Deshpande (Founder, Recykal), Mr. Anmol Jaggi (Founder, BlueSmart Electric Mobility), Mr. Abilash Haridass (Co-Founder & CEO at WEGoT Utility Solutions) and Ms. Radhika Choudary, (Co-Founder at Freyr Energy Services Private Limited) share their opinions on the topic moderated by Mr. Sandip Patnaik (MD, JLL India).

    Having reimagined the definition of new-age entrepreneurship, Mr. Pawan Kumar Chandana, CEO, CTO, and Co-Founder, of Skyroot Aerospace Ltd, shared an inspirational story of his startup that is recorded as the first private sector rocket launch in India on 18th November 2022. “It was a small lead for a startup and the first giant leap of faith. It has been a phenomenal journey in four years. There were no signs as to whether we were in the right direction until now, but we kept going. Today we need rocket launches more than ever. We cannot live without space technology. From using our GPS to the fisherman who navigates his fisheries, we all need space technology. Everything valuable that we have today including all the metals and elements has come from space”, he said.

    In a fireside chat on the Evolution of Entrepreneurs in India, Mr. Gopal Srinivasan, Chairman, of TVS Capital Funds, shared insights detailing the correlation between entrepreneurship today and history’s definition of the same, “In India, talent is ubiquitous. One should adopt what one is good at naturally, pursue it and find success in it. This is also what Krishna taught Arjuna as he gave the discourse in the Geeta. India has the executive ability, we have the ambition, and we should cultivate the ability to attract and retain great teams. We must grow with the idea of making for the public good in India”.

    A very enlightening session on Emotional Wellness was delivered by Dr. Shri Kamlesh Patel fondly called ‘Daaji’ – Guide of Heartfulness Meditation Worldwide as he was interviewed in a fireside chat by Mr. Muralil Bukkapatnam (Chairman & CEO, Volksy Technologies) on the inner balance that leaders need to bear achieve to be better at their leadership roles, on relationships, bringing positivity and life.

    The Global Summit will also host a multitude of Mentor Sessions, Investor Sessions, Incubator Showcases, and University Pitch Fests. TiE Global Summit will be home to over 6000 formal investor interactions during the 2-day event, where 300-400 startups expected at the summit will be ensured at least 3 interactions with key investors. Some of the prominent speakers included Mr. William Nanda Bissell (Chairman, FabIndia), Mr. T Koshy (CEO and MD, Open Network for Digital Commerce), Mr. Ashish Goel, Co-Founder, and CEO, of Urban Ladder, and Mr. Amod Malviya (Co-Founder, Udaan) among others.

    A fireside chat on ‘Investing Across the Growth of Startups’ saw the participation of Ms. Vani Kola (MD, Kalaari Capital) and Mr. Prashant K Gulati (Chairman Emeritus, TiE Dubai). An Introduction to Olympic Gold Quest was delivered by Ms. Neha Agarwal (Head Partnerships & Communications) while Mr. Sanjay Jaju (IAS, Addl. Secretary to Defence Wing, GOI) spoke on ‘Opportunities in Defence Markets’.
    PIC Credit:dentsu.com

  • LYEF Wellness Launches a Complete Wellness Platform

    New Delhi, December 14th, 2022: On the occasion of the 9th World Ayurveda Congress & Arogya Expo organized by the World Ayurveda Foundation and supported by the Ministry of Ayush, GoI, at Goa, LYEF Wellness launched a Comprehensive Wellness Platform, www.lyef.in and a Mobile Health Application. The wellness platform will provide Ayurveda solutions for holistic health for the Body, Mind, and Spirit.

    The app available on Apple App Store and Android Play Store will harness the power of health insights from the Ayurveda experts who are impanelled with LYEF Wellness. The platform provides end-to-end solutions for well-being guidance, services, and self-checks. This includes services of Ayurveda Doctors, Wellness Councilors, Nutritionists, Sleep Therapists, Sound Therapists, Yoga & Meditation, and Life Coaching. These services will also provide an opportunity for Indian Ayurveda Doctors to be recognised across the globe for the safe and natural healing processes with age-old Ayurveda.

    Talking about the launch, Sachit Subramanian, Co-founder of LYEF Wellness said,” Post COVID-19 pandemic, a large population is now actively seeking wellness products with the increased focus on personal health. However, there lurks an ambiguity around the best-suited products and an assurance of their effectiveness and zero side effects. We, at LYEF Wellness, are determined to bridge this gap through our newly launched Wellness Platform and mobile app. With our network of Ayurveda practitioners who provide wellness guidance and a rigid process at the backend responsible for the potency of the medicines, we fully guarantee the effectiveness and hence we think that that would be a great differentiator in the market.”

    The platform also serves to spread awareness around wellness products and comprises a plethora of health blogs, videos, podcasts, and industry stories focusing on a range of topics including ayurveda, fitness, yoga, nutrition, meditation, and mindfulness.

    Based on the philosophy of being in harmony with nature for attaining health and well-being, LYEF Wellness also announced the launch of 5 new nutraceutical products next month under the umbrella of its D2C business model. These products have been developed in partnership with the Keraleeya Ayurveda Samajam, a 120-year-old Ayurveda institute based in Kerala, which is known to still use the traditional methods to make the Ayurveda medicines using the rigid processes as defined by the ancient scripts and practiced by the last 7 generations of Ayurveda physicians associated with them.

    LYEF Wellness was launched as a D2C brand earlier this year and now is ready to move to offline stores shortly all over India besides being listed on leading e-commerce stores such as Amazon. The Company is also in the process of listing on Amazon US ecomm site besides exploring markets in Germany, the UK, Japan, the Middle East, Singapore & Australia.
    pic credit: Bandwagon Communications

  • Sheila Gopal Raheja Foundation reaffirms its commitment of creating a public-spirited society with HOPE 2022


    Mumbai, December 14, 2022: Sheila Gopal Raheja Foundation, a do good vision of K Raheja Realty, possesses a rich heritage of bringing about a positive difference in society by staying true to their mission of creating a benevolent and compassionate community through multiple ventures be it education, health, and various charitable ventures. With relentless dedication the foundation took a step forward towards Cancer Care by associating with Tata Memorial Hospital & IMPACCT Foundation for ‘HOPE 2022’. Amongst the various social ventures of the foundation, the HOPE 2022 is one of the key initiatives of the Sheila Gopal Raheja Foundation.

    ‘HOPE’, a theme-based annual event organized by the IMPACCT Foundation manages the cure and treatment of young children suffering from cancer along with Tata Memorial Hospital and truly believes in the virtue of celebrating life to the fullest.

    ‘Friendship’ was the theme this year and the event witnessed over 200 children who have conquered the disease with their unceasing courage. They participated in multiple solo and group acts with immense vigor and cheer. HOPE 2022 was an awe-inspiring affair as Raheja
    Academia – A part of Sheila Gopal Raheja Foundation students came forward to perform along with little cancer survivors. The event was also graced by Mrs Durga Sandeep Raheja (Managing Director K Raheja Realty & A Founder of Sheila Gopal Raheja Foundation) and lots of prominent personalities from Bollywood and eminent players like Amol Gupte, Shaan, Mithali Raj, Chirag Shetty and many more who spread cheer among little Cancer Fighters.

    Commenting on the initiative, Mrs Durga Sandeep Raheja, Managing Director, K Raheja Realty & Founder, Sheila Gopal Raheja Foundation said, “The Foundation reinforces the belief of spreading happiness and positivity to the pediatric patients and their families. HOPE is one such programme that is very close to our hearts and we are extremely privileged and delighted to be associated with and to sponsor HOPE for the third consecutive year.”

    “To ensure that their journey is a memorable one, the students of the Raheja Educational Institutions are encouraged to volunteer for services for the event, choreographing and participating in the Grand Finale dance with the patients. It is very heartening to witness the interactions between the students and the pediatric patients have created very strong and lasting bonds of friendship which is the central theme of HOPE this year.” she added

    The Sheila Gopal Raheja Foundation over the years has been deeply involved with various constructive efforts in its commitment to raise the quality of life of children, thereby creating a promising future for them. They have been associated with diverse programs including supporting the cancer care program at the Department of Pediatric Oncology unit at Tata Memorial. The foundation’s leadership is strongly aligned to providing constant support and necessary care for children suffering from life-threatening diseases.

    Pic Source: gozoop.com

  • Upriver announces its foray into the financial services for online sellers


    New Delhi , December 2022: Upriver, India’s top online channel management and sales acceleration agency recently announced its entry into financial services. Upriver will now offer business loans ranging from Rs 5 lacs to Rs 15 Cr, to e-commerce merchants. An entire bouquet of short to medium term loan offerings including secured and unsecured loans will be made available to sellers, to address their growth and working capital issues.

    The news was shared by Upriver’s Co-founder and CEO, Baqar Iftikhar Naqvi, who is also an accomplished member of the retail industry. He said, “Since our inception, our mission has been to accelerate the ecommerce ecosystem and work with our brand partners’ to enhance their revenue and profitability, and to assist them achieve a significantly large scale across India and global markets. Besides demand creation, which we have been successfully doing till date, fulfilment capabilities and being able to cater to the demand created is the most important aspect of growth and that needs financial backing. This is where we decided to add financial services to our portfolio. We communicate with our customers frequently so that we can understand their growth related requirements and create services that are tailored to their needs”.

    Cross-border trade and global expansion via alliances will be some of the main goals for the upcoming year. Upriver has previously made public its collaborations in Europe with Curamando AB, a Stockholm, Sweden-based company, and V-Chitra, a Kathmandu-based company. Additionally, Upriver maintains a sales presence in the USA and is actively attracting new customers from both USA and Canada. As the business expands, it hopes to establish itself as the most dependable and client-focused one-stop shop for businesses looking to increase sales and improve profitability through online channels.

    “The nature of financial services is intangible and brand image is crucial in a highly competitive global environment. Financial institutions that offer financial products and services may not be successful unless they have a positive reputation and enjoy the trust of their customers. Our customer base is proof of our good reputation,” said Mohit Jain, Co-Founder, and COO of the company.

    “Since the launch of the service in September’22, the company has already seen a very good response and loan disbursement has already started.” said Rahul Bansal, Head of Financial Services at Upriver.

    The company recently passed the landmark of having 100 active brand partners as its clients, demonstrating its success in generating brand revenue and profitability in Indian and international marketplaces as well as through D2C. The company offers services that are specifically catered to the needs of its clients, from strategy creation to implementation, and provides full ownership and control of online channels through the use of data analytics and cutting-edge AI solutions.

    Upriver provides end-to-end strategy, operations, and marketing support, helps brands start and expand online businesses, and increases their profitability, among other things. Upriver uses cutting-edge technology, data-driven insights, and a highly skilled team to provide industry-leading results for sellers on marketplaces as well as D2C.

  • India’s finest art and design show is back

    Mumbai, December 2022 AD (Architectural Digest), India’s leading design authority, is all set to host the third edition of their flagship event the AD Design Show (ADDS) — India’s only premium luxury art and design fair.

    WHERE: Jio World Centre Bandra Kurla Complex, Mumbai.

    WHEN: 16 to 18 December 2022

    Held in association with Asian Paints, AD has lots planned this year. Along with a stellar line-up of keynote speakers for the Power Talks, AD is also bringing back the Power to the Karigar supported by JSW, a signature project at ADDS, where visitors can watch master karigars at work. The big highlight this year is the AD Museum, a first of its kind which will celebrate 75 years of India’s independence, and through the lens of design. There will be an exhibit of 75 photographs and objects that speak of the history, and the true depth and beauty of modern design in India.

    To book tickets for the AD Design Show 2022 visit Insider.in to hear industry stalwarts speak about their craft; watch India’s best craftsmen create handmade pieces across furniture, textiles, and objects; see installations that will enthral you, and make your selections from the best works that the worlds of art and design have to offer.

    Here’s what one can look forward to this year!

    THE AD MUSEUM

    The central highlight of the AD Design Show is the AD MUSEUM. As an ode to the country’s 75th year of Independence, the museum explores an inward gaze into the post-independence art, design, textiles, and architecture of India. It focuses on who we are, where we come from, what our milestones have been, and where we are headed. The India Gaze — is a curation of 75 objects and photographs that piece together the history of art, design, and architecture in India post-1947. From Le Corbusier’s Chandigarh, Monika Correa’s textiles, Dashrath Patel’s lacquerware to other stellar contemporary makers’ works.

    POWER TALKS

    The AD Design Show brings back its iconic Power Talks headlined by some of the most distinguished personalities in architecture, art and design. Some notable names part of the stellar line up includes internationally acclaimed lighting designer, Michael Anastassiades in conversation with Bijoy Jain; Pinakin Patel and Ashiesh Shah talk about the late Dasrath Patel and his contribution to India’s design narrative, as well as their own contemporary practices in changing times; art historian and curator Naman Ahuja delves into ancient Indian architecture, and traces its relationship with modern architecture in India. The line-up is dotted with many more compelling speakers and conversations.

    POWER TO THE KARIGAR

    One of the biggest highlights of the show is the Power to the Karigar initiative, supported by JSW, which is a special interactive pavilion dedicated to 5 handmade crafts and innovation, where visitors can watch how artisans give form to objects, engage in a dialogue with them, and even learn their techniques through observation. The country’s best and most talented karigars producing the finest textiles, furniture, ceramics, and artworks are invited to showcase their distinguished skills and techniques. Each of the acclaimed studios present will also host interactive sessions, on each day of the fair, to share their expertise in the field.

  • S3V, a company incubated at ISB comes out with new-age Neuro Medical devices useful in reversing paralysis


    Hyderabad, December 2022……S3V Vascular Technologies, a company incubated at the Indian School of Business, Hyderabad in 2011 by Alumni of the PGPMAX founding batch has come out with India’s first and revolutionary medical devices useful in reversing paralysis. They include Neuro Clot Retriever, Neuro Aspiration Catheter, and Neuro Microcatheter. These devices will be formally launched in Hyderabad by Dr Tamilisai Soundararajan, at a function in the city on 15th December.

    Prof Balram Bhargava, Chief of Cardiothoracic Sciences, AIIMS, New Delhi & former Director General of ICMR and Dr Mathew Cherian, Past president of the Indian society of vascular and interventional radiology will also participate and grace.

    S3V for the past few years has been working on the design and development of the Hardware used in Mechanical Thrombectomy.

    Giving details, addressing the press conference Mr. N.G. Badari Narayan founder and Head of Medical Devices at S3V And said about 20 lakh brain strokes take place in India each year. But only 1500 patients undergo procedures. With the launch of these futuristic products, we hope that the number of procedures may go up to at least 2.5 lakh per annum in the next decade. With these devices, if the procedures are done in time within the golden hour, there is a high chance for blood flow to be restored and paralysis reversed, he added.

    The gold standard of treatment of ischemic brain stroke (stroke due to a blockage of brain vessels due to clot) is Mechanical Thrombectomy which involves an interventional procedure done in a cath lab to remove the clot stuck in the vessel of the brain.

    Badari Narayan brings with him 32 years of medical device domain experience. Our endeavor is not only to introduce these products but also to make them affordable.

    The company has received test licenses and soon will commence commercial production upon receiving the nod for manufacturing also, he added.

    S3V is engaged in the development, manufacturing and marketing of a variety of Medical Devices, more particularly, Cardiac Devices, Neuro Devices, Nephro Devices, Onco Devices and Peripheral Devices. Now it is foraying into high precision Neuro Devices and electronics based catheters. It focuses on the manufacturing of NextGen medical devices indigenously. The neuro devices we are talking about are manufactured only by a handful of two or three countries all over the world. These are the state-of-the-art, highly advanced stents brought out only by us informed Mr. M.V. Gowthama, Director of the company who is the former CMD of Bharat Electronics Limited (BEL). Mr. Gowthama brings with him the core expertise in the design, development and manufacturing of critical electronic products.

    Both the Directors are from Telugu states. S3V has its manufacturing facility at Mysore. The new manufacturing facility will come in Mysore District. The Government of Karnataka has allotted 8.81 acres of land. The new plant will be designed and built as per USFDA norms. The new facility will house cutting-edge technologies for integrated manufacturing. The company is likely to invest INR 200 Crore in the new plant.

    Stroke also causes maximum disability leading to partial or complete paralysis in a patient next only to Road Traffic Accidents in India. Of all the strokes, 87% of strokes are due to a thrombus. Stroke not only affects the elderly but is increasingly being seen in individuals in the 35-50 age group due to lifestyle modifications.

    Lack of Patient awareness, lack of trained manpower, high cost of hardware and lack of government reimbursement schemes are a hindrance to treatment with this procedure. The Current cost of the Hardware costs nearly INR 5 lakhs and the total procedure cost is between INR 8 to 12 Lakhs. Currently, the procedure covers less than 1% of the Stroke patient as more than 99% of Indians can’t afford this procedure.

    S3V is striving to bring high-end stroke treatment technology to the common man. The challenge India faces starts from a lack of awareness, affordable hardware and availability of trained manpower in the form of intervention physicians. S3V is trying to address the entire ecosystem of this challenge.

    Pic Credit: Solus Media

  • Pernod Ricard appoints Paul-Robert Bouhier as Managing Director for India

    14th December 2022, India: Pernod Ricard India has appointed Paul-Robert Bouhierasits new Managing Director with effect from January 1st, 2023. In his new role, Paul-Robert will report to Philippe Guettat, Chairman and CEO of Pernod Ricard Asia, and will be a member of the Pernod Ricard Asia Executive Committee.
    Paul-Robert will be responsible for continuing to transform and accelerate Pernod Ricard India’s business strategy, developing organization and people, and finding new opportunities for sustainable and profitable business growth.
    Announcing this appointment, Philippe Guettat, Chairman, and CEO, of Pernod Ricard Asia, said “I am glad to welcome Paul-Robert to Pernod Ricard India, which is among the top three must-win markets for the group. I am confident that with Paul- Robert at the helm, our focus on Premiumization, Innovation, Digital Transformation Sustainability & Responsibility will get further accelerated in line with our transformation agenda. He will be a brilliant addition to the India leadership team, and I wish him all the best.”
    Paul-Robert takes the reins after Thibault Cuny, who paved the way for Pernod Ricard’s India’ssignificant transformation agenda in the last four years. Thibault stepped down in October 2022 due to health reasons.
    In his announcement, Paul-Robert Bouhier said “I am excited to be a part of one of the most versatile markets Pernod Ricard and looking forward to playing a part in driving the company’s strategic priorities. I will strive to carry forward the legacy by championing a culture of excellence, customer-centricity, and collaboration that Pernod Ricard India has nurtured all these years.”
    Over the course of his career, Paul-Robert has held several leadership positions at Pernod Ricard, most recently as Managing Director, Pernod Ricard Southern Europe since 2020. He has been instrumental in successfully leading the transformation and acceleration in Africa and Southern Europe, keeping the pace of delivering multiple strategic and growth initiatives through strong people engagement, vision, and drive.
    Paul-Robert brings 27 years of international experience in Marketing, Commercial & General Management across Markets and Brand Companies. He joined Pernod Ricard in 1995 and has worked in France, Ireland, Singapore, South Africa, and Italy.
    pic credit: pr24x7.com

  • Induce yourself to the scrumptious delicacies for this festive season with the recipes from the top chefs of Colors Infinity’s special segment Eat@8!

    With Christmas and New Year just around the corner, India’s one-stop for English entertainment, Colors Infinity is decked up to help you with your culinary conundrum. Eat@8 is a special programming segment by Colors Infinity that brings some unique recipes by highly acclaimed chefs. These delicious and unique recipes will come in handy as you celebrate your Christmas and New Year with family and friends. From the best of cakes to satisfy your sweet tooth to the fascinating lasagne, these chefs have it all for you.

    Let us have a look at the top chefs of Colors Infinity and find out the best choice of dishes for your festive mood!

    Nadiya’s Family Favourites!

    This fascinating show by the one and only British-Bangladeshi TV chef, author, and television presenter Nadiya Hussain will be your best stop to tackle all your hunger pangs. Nadiya’s Family Favourites is dedicated to those who care for their families and want to cook the best meals for them. The renowned chef will introduce you to the best recipes that can bring a cheerful smile to all the family members and help you enjoy the season of the festival wholeheartedly.

    Jamie’s Easy Meals for Everyday!

    Here comes a show that is the best fit for all those looking for quick, easy, and scrumptious dishes to satisfy their hunger. One of the leading bestseller authors, Jamie Oliver is here to share the best and the quickest recipes that can make your festive season all the more special. Right from the comfort of his home and surrounded by his wonderful family, he’ll inspire you to get cracking in the kitchen!

    Nigella: At My Table!

    Among the most-known food writers in the world, Nigella Lawson has sold over 8 million copies of her cookbooks. Now, you can learn the best recipes from her on Colors Infinity! Watch Nigella: At My Table and prepare some delicious dishes for all your Christmas and New Year parties.
    pic credit: moes-art.com

  • Credit growth remains strong despite rate hike…


    –Mr. Priyank Kothari, Director of Arvog

    Credit demand in India will keep growing steadily, despite rising interest rates as the country’s economy recovers from the COVID-19 pandemic. The credit growth has been upward since the latter half of FY22 and has been in double digits since April 2022, despite a 190-basic point hike in the repo rate.

    Credit refers to loans from a banking institution to a business or individual. This rise in loan demand is called credit growth and is an essential indicator of economic activity. The amount of outstanding loans from banks to non-banking financial institutions (NBFCs) has increased due to the improved demand for credit, stabilising trends in asset quality, and improved collection efficiency.

    Credit growth at multi-year high

    Due to a rebound in economic activity following the COVID-induced lockdown, NBFCs are seeing an increase in demand for credit. Underlying industries like housing and auto sales are growing strongly, and industries like microfinance, personal loans, and education loans
    are also seeing an increase in demand.

    Bank credit grew at 16.2 percent in the fortnight that ended September 9, the highest in about nine years, aided by a revival in the economic activity post-Covid, increased working capital demand, rising discretionary spending, and low-base effect.

    Banks’ lending to NBFCs increased by 30.6 percent annually (YoY) to Rs 11.7 lakh crore in September 2022, primarily due to a favourable base effect. The retail loan growth remained strong (up 18.1 percent YoY), led by YoY growth in credit cards, auto, and home loans. The report observes that credit growth in the services sector stood at 12.8 percent YoY in June, led by healthy growth in NBFCs (up 21.1 percent YoY). The improvement in loan offtake to NBFCs and trade sectors was the primary driver of credit growth in the services segment. In contrast, the home and auto loan segments were the main drivers of acceleration in retail loans.

    What is driving this Credit growth

    The outlook for India’s credit growth has seen some modest rise in recent years and will continue to be positive for several reasons. Many NBFCs have improved their capital ratios, provisioning, and asset quality to strengthen their balance sheets, further boosting confidence. Economic expansion, rise in government and private capital expenditure, rising commodity prices, implementation of production-linked incentive schemes, and the push for retail credit would continue to be the key drivers.

    There is a pick-up in the economy, and we are seeing normalcy in all the sectors post-Covid. The retail sector’s discretionary spending was delayed and is currently getting consolidated. Banks are witnessing an increased demand for funds from retail-focused non-banking financial companies (NBFCs).

    India’s bank credit growth is anticipated to remain positive

    The banking system in India, especially the non-banking financial companies (NBFCs), is witnessing a healthy recovery in loan growth, led by a resurgence in the corporate segment, while growth in retail and SME segments remain strong. Although deposit growth is only moderate, an increase is anticipated, given the growing interest rate environment. Given the challenging macroeconomic context, it is critical that we closely monitor all significant changes in the demand environment. However, banks and NBFCs with more CASA and floating rate loans will likely fare better in a rising rate environment.

    The overall outlook for credit demand for NBFCs going into FY23 is encouraging due to the recent trends, the strong monsoon season, and the anticipated further uptick in demand brought on by the start of the festival season in the second half of 2022.

    We expect credit growth to be 12-13 percent in FY23, compared to 8.59 percent in the previous fiscal year. The credit growth will likely continue in the short term due to the festive season. After modest credit growth in recent years, the medium-term prospects look promising, with diminished corporate stress and a substantial buffer for provisions.

  • Women in Agritech: Kisanserv is Empowering Women and Breaking Barriers With Over 70% Female Workforce


    Pune/Mumbai, 14th December: Women have played a crucial role in the growth of the agriculture sector in India. Recently, the integration of technology has resulted in an agritech boom in the country with the growth of startups that are finding solutions to the existing problems in this sector. It is noteworthy that apart from bringing huge financial benefits for stakeholders, agritech has unlocked new avenues to empower individuals, especially in the farming sector in rural areas. Breaking preconceived notions that women have limited opportunities and are not fit for agritech, KisanServ― a Pune-based startup is empowering them by giving them employment opportunities. The company proudly has a female workforce of over 70% in leadership and other roles in its organization.

    Notably, none of its female employees had prior experience in agritech and were previously working as teachers, bankers, homemakers, and others. As a result of the company’s continued efforts, they are leading from the front and are confidently handling day-to-day business operations and making crucial decisions as well.

    “The opportunities in agritech are huge thus it becomes crucial for us to bridge the current gaps to benefit all involved in this sector. Women who make up over 50% of our population, if linked with job opportunities, can take India’s economy to unimaginable heights. We are on a mission to find the best responsible women for different key positions in the organisation. We believe they are hardworking, sincere and responsible and are more ethical and focused on the work assigned. We hire them and also train them so that they give their best outcomes as per the job profiles,” Mr. Niranjan Sharma, CEO & Co-Founder said.

    The company counts women empowerment as the topmost priority of its DEI goals. Additionally, it also prioritises women’s safety and makes sure that they work in a safe and supportive work environment with comfortable and flexible job timings.

    KisanServ has taken exemplary steps to encourage women to break existing barriers and climb up the ladder in their professional careers. For example, Seema, a mother of 2, without any prior experience is now efficiently leading the company’s direct-to-consumer retail business. Similarly, Sushma Tiwary, prior to joining the company, worked in the education sector for a decade. Today she is working as Controller – Retail in Kisanserv.

    Talking about her experience, Seema Sharma Business Leader of Kisanserv said, “I joined Kisanserv in January 2022 and here I have complete flexibility to find a balance between work and family. The management team believes in female leadership and encourages inclusion and participation which is really empowering.”

    Today, Priya Rai who comes from a generous family background is working as Inventory Controller. Mitashi Sinha who faced many restrictions to pursue her dreams and didn’t get a chance to create her own identity made her career at the age of 40 with Kisanserv as its Admin Controller. Durga Shirali who worked for 5 years in banking, after taking a long break, joined the company and is successfully working as Finance Controller. These are a few of the many examples that show how Kisanserv is empowering women like them to progress in their careers and lead successful lives.

    The company has business operations in Mumbai, Pune, Nashik, and Hyderabad. With a workforce of over 500 people, the majority of which is women, it is taking giant leaps toward women’s empowerment and also setting great examples for others to follow.

    Image Attached- From left: Seema Sharma, Priya Rai, Mitashi Sinha, Sushma Tiwari, and Durga Shirali