Tag: Samir Sathe

Business World

Wadhwani Foundation calls for EMPOWERING MSMEs, on International MSME Day 2021

Jun 24, 2021 by Neel Achary 0 Comments #Samir Sathe

India, 24th June 2021:On the eve of International MSME Day, the global not-for-profit Wadhwani Foundation has called for empowering MSMEs with capabilities to accelerate their growth, to the struggling MSME sector due to the COVID pandemic.

The International MSME Day 2021 is a time to introspect and reflect upon the hardships bestowed upon the MSME sector.However, MSMEs are a crucial part of the economic and social fabric of the country, and complete recovery will only be possible with a high-intensity and strategically structured support to this high-spirited sector. Therefore, it is essential to stabilize the sector by meeting the immediate challenges of cash flows,wages, pressing creditorsand perhaps more important challenges of finding where growth lies, in realising its true potential.

In these difficult and challenging times and on the eve of International MSME Day 2021, Samir Sathe, Executive Vice President, Wadhwani Advantage, says, “As the pandemic continues to trouble the world, especially the developing economies, there is a renewed appreciation of the fact that MSMEs need attention, care, nurturing and rejuvenation, failing which, the world order of business, commerce, economics and livelihoods will crumble and wither, in no time.”

Samir Sathe further adds, “The recent surge in MSME registration and incorporation of digital innovation into their businessesis an encouraging indicator of the resilience of MSMEs despite the pandemic. Wadhwani Advantage focuses on accelerating and strengthening their business fundamentals, stabilizing their business in the medium-term and facilitating rapid growth in the long term. We empower businesses with capabilities to maximize their growth potential with the help of

automated Business Discovery and Transformation Tools. We want entrepreneurs to be trained in becoming their own advisors.”

MSME sector is widely acknowledged as the growth engine of the country’s economy, contributing over 30% of the economy both in GDP and employment generation. The COVID pandemic had a severe untoward impact on the entire MSME sector in the country. Under the given situation, it is necessary that there should be revival measures to support them.

About Wadhwani Foundation

Wadhwani Foundation was founded in 2003 by Dr Romesh Wadhwani, with the primary mission of accelerating job creation in India and other emerging economies through large-scale initiatives in entrepreneurship, small business growth, innovation, and skilling. The Wadhwani Foundation operates in 20 countries, including India, South East Asia (Indonesia, Malaysia, and the Philippines), East Africa (Kenya, Uganda, Rwanda), Southern Africa (South Africa, Botswana, Namibia), West Africa (Nigeria, Ghana), Egypt, and Latin America (Mexico, Brazil, Peru, Chile). The Wadhwani Foundation works in partnership with governments, foundations, corporations, and educational institutes. For more details on Wadhwani Foundation, please visithttps://www.wfglobal.org/

Business World

Wadhwani Advantage launches an Acceleration Program exclusively dedicated to Healthcare Industry

Apr 20, 2021 by Neel Achary 0 Comments #Executive Vice President, #Samir Sathe, #Wadhwani Advantage at Wadhwani Foundation, #Wadhwani Advantage program

Mumbai, 20th April, 2021: As the COVID pandemic has had a significant negative impact on global health, economy and society, medical companies and experts are now poised to tap the many opportunities and build the future of the healthcare industry.

In order to accelerate the process, the unique Wadhwani Advantage program empowers businesses in the healthcare sector having the capabilities to accelerate their economic growth by 2x-10x with the help of automated ‘Business Discovery and Transformation Tools’. The Wadhwani Advantage program includes 1-12 months of engagement and offers up to three years of hand-holding support enabled through a personalized Artificial Intelligence led business acceleration process.

This program aims to ignite the growth of businesses in the healthcare sector, accelerate revenues and free cash flows to fund growth for maximizing their growth potential through ‘Do-It-Yourself (DIY)’discovery and business solution tool kits and other knowledge resources using AI-enabled automated logic and personalized interventions. Wadhwani Advantage has partnered with Association of Indian Medical Device Industry (AIMED), Voice of Healthcare (VOH) and Xynteo Vikaasa to leverage synergies in healthcare space.

Those businesses interested in applying can do so at:http://bit.ly/WAProgramApplication-MarketingCampaign

The goal is to strengthen the business ecosystem without any commercial expectations. The Wadhwani Advantage offerings are high-quality interventions without charging any price. The curated advisors will offer pro bono and subsidized or success-based fees, if needed, to help the businesses to finish their transformation journey and be certified by Wadhwani Advantage.

Speaking on the program, Samir Sathe, Executive Vice President, Wadhwani Advantage at Wadhwani Foundation, said, “Healthcare is a key focus area for Wadhwani Foundation. This program seeks to enable acceleration of enterprises, which are able to address some of the largest and neglected areas of the healthcare system in India. Through this program, we aim to strengthen the Indian healthcare sector by supporting and empowering business enterprises in the sector. We aim to build partnerships with leading healthcare ecosystem stakeholders to jointly represent the voice of the healthcare businesses and work for their enablement.”

Wadhwani Advantage has come up with its own proprietary Wadhwani Index and Scoring system that would set the goals for performance improvement. The proprietary automated discovery tool is designed to empower the businesses to measure performance on the basis of 27 key performance indicators, with eight among them as the most important ones, across the seven quarters in the past and into the future and also allows these companies to compare themselves with industry benchmarks. The committed consultants engaged with the program will assist the businesses in using this tool and help the Healthcare component companies aspire towards industry leadership.
The Wadhwani Advantage program has built tens of scenarios for each of the indicators and has used automated intelligence and logic to recommend the appropriate transformation projects that the small businesses must undertake to transform and accelerate their growth.

Those businesses interested in applying can do so at:
http://bit.ly/WAProgramApplication-MarketingCampaign

Business World

Wadhwani Advantage launches an acceleration program exclusively dedicated to Automotive and Industrial segments

Mar 9, 2021 by Neel Achary 0 Comments #Executive Vice President, #Samir Sathe, #Wadhwani Advantage, #Wadhwani Foundation

New Delhi, 9th March 2021: As the Indian automotive companies emerge from the COVID-19 crisis, their internal capabilities like wallet share improvement, new customer acquisition, robust product development, manufacturing throughput maximization, generation of free cash flows and a sound talent lifecycle management in upskilling the employees are some of the challenges that the industry is facing.

The new acceleration program by Wadhwani Advantage aims to address these challenges and offer solutions to business entrepreneurs for maximizing their growth potential through ‘Do-It-Yourself (DIY)’ discovery and business solution tool kits and other knowledge resources using AI-enabled automated logic and personalized interventions. The goal is to strengthen the business ecosystem without any commercial expectations. Those businesses interested in applying can do so at:

http://bit.ly/WAProgramApplication-MarketingCampaign

The Wadhwani Advantage offerings are high-quality interventions without charging any price. The curated advisors will offer pro bono and subsidized or success-based fees, if needed, to help the businesses to finish their transformation journey and be certified by Wadhwani Advantage. The program plays a leading role in governance and delivering impact in accelerated outcomes of growth and employment.

Wadhwani Advantage has come up with its own proprietary Wadhwani Index and Scoring system that would set the goals for performance improvement. The proprietary automated discovery tool is designed to empower the businesses to measure performance on the basis of 27 key performance indicators, with eight among them as the most important ones, across the seven quarters in the past and into the future and also allows these companies to compare themselves with industry benchmarks. The committed consultants engaged with the program will assist the businesses in using this tool and help the auto component companies aspire towards industry leadership.

The Advantage program has built tens of scenarios for each of the indicators and has used automated intelligence and logic to recommend the appropriate transformation projects that the small businesses must undertake to transform and accelerate their growth.

Speaking on the launch, Samir Sathe, Executive Vice President, Wadhwani Advantage at Wadhwani Foundation, said, “Through this program, we aim to empower the owners, top management, the key functional heads in learning to make sound business decisions using data, an important capability to succeed and sustain. Our deeply engaged, passionate consultants will help the entrepreneurs and functional heads to use this industrial-strength tool for their benefit to maximize their own performance and together help their organisation become a challenger or leader in their industry. This is our core offering, backed up by 300 human years of practical field experience, rigorously tested algorithms and automated insights and deep realization that small businesses need to use data to make decisions to survive and grow.”

He added, “In addition, through our program management office support, we will also offer the auto companies peer and market access networks, connects with the pro-bono advisors and coaches to ensure that we hand-hold them as they navigate the challenges, should the need arise.”

Those businesses interested in applying can do so at:

http://bit.ly/WAProgramApplication-MarketingCampaign