Archive: November 1, 2022

Mumbai Urja Marg’s Job-Oriented Training Programme empowers youth with sustainable livelihood opportunities

Mumbai, November 1, 2022: Mumbai Urja Marg Limited (MUML), a major upcoming power transmission infrastructure project in Mumbai, started a job-oriented training program to train youth in Mumbai and MMR over subsequent batches. The first batch was a resounding success wherein many students got trained and because of that started technical jobs as electricians. Continuing the momentum and learnings from the first batch, the second batch has been launched which has attracted more people to join the program, which is fully sponsored by MUML. The training program allows young men and women to seek industry-relevant skill training to help them find long-term employment opportunities and better pay.

The event was inaugurated by Shri Ganpat Gaikwad, MLA, Kalyan East, Maharashtra; Shri Ninad Pitale, Project Director, MUML in the presence of dignitaries from Mumbai Urja Marg, India, and Niharika Foundation. The event also witnessed the felicitation of students from the first batch who successfully completed the electrician training program and the majority of them got placed.

Vignesh Jadhav, a student who has been selected for training, said, ‘For youngsters like me, it is a great opportunity. I appreciate that the organizers initiated such a career-focused training program that will improve our skills and open up new prospects for us.’

Another student who got placed, Mahesh Prakash Ahir, expressed his gratitude for starting work as an electrician as soon as he completed the Electrician Training Programme. He says, ‘I’m excited to execute the new skill sets which he had learned during the program.’

Nitin Mengal also shared his journey of becoming employable after doing a job-oriented training program. He says, ‘The training program opened new possibilities and opportunities for youngsters like us.’

Speaking about this initiative, Mr. Ninad Pitale, Project Director, Mumbai Urja Marg, congratulated the students and said, ‘Mumbai Urja Marg is committed to training aspiring youth to create sustainable livelihood opportunities that will ensure inclusive growth not only for them but for their families as well.’

A training program like this one is in line with the government’s goal of ‘Kaushal Bharat-Kushal Bharat’ which aims to bring a meaningful impact to the lives of these students and help them grow in their careers.

ICCS appoints Mr. Rajnish Sharma as its Chief Business Development Officer

New Delhi, 1st November 2022: ICCS, one of the leading BPM services providers in India, takes pride in announcing the appointment of Rajnish Sharma as its Chief Business Development Officer.

ICCS is positioning itself for exponential growth, and for a foray into new verticals and geographies. This appointment is a strategic ‘investment’ towards that direction – and will lead ICCS’s push into garnering new business as well as adding new service lines to its portfolio. With 34 years of extensive experience in both domestic and international markets, Mr. Sharma will be in charge of developing new business prospects both in India and abroad.

Rajnish Sharma is a highly driven and seasoned BPM industry veteran with extensive experience in business development. He has 34 years of total experience, 20 of which has been dedicated to the BPM industry. Prior to joining ICCS, he spent the last 15 years with Intelenet Global Services (acquired by Teleperformance around 2018) leading India and global business development efforts. As part of his tenure with Intelenet, Mr. Sharma headed their India market business development from 2012 till 2017; and later contributed to international efforts.

Additionally, he also led key strategic projects such as captive carve-outs, re-badging of client operations, business process re-engineering, and customized target operating model creation (for clients) while managing multi-geography engagements. Mr. Sharma also helped set up Intelenet’s Australia portfolio prior to the India BD Head role, and subsequent to the India assignment revitalized the EU operations in Poland by getting on board global clients. In the past, he has also worked for EXL Service, Honeywell International, and Taj Group of Hotels.

Speaking on the appointment, Mr. Divij Singhal, CEO and Managing Director of ICCS said, “We are delighted to welcome Mr. Sharma to the ICCS team. With his two decades of vast expertise and experience in the BPM Industry, we intend to accelerate our growth and become a globally competitive, best-in-class BPM organization.”

On accepting his role as the Chief Business Development Officer, Mr. Sharma said: “I am very excited to take on this role. ICCS is ready to grow leaps and bounds, and I will get an opportunity to contribute to this effort by investing in partnerships with new clients (India and overseas) and helping ICCS deliver value to each project that we undertake.”.

This development comes while ICCS is planning to hire over 7000 employees in the next 12 months, expand its delivery footprint to more towns and focus on BFSI, Retail/E Commerce, and Healthcare verticals for growth.

ICCS has been in business for more than 18 years and offers a range of solutions in customer interaction and back-office services to marquee clients in a wide spectrum of industries.  It is constantly innovating, with the help of its partners and alliances, to offer best-in-class services to its clients and become their partner of choice.

CRC Group Installs Air Purifier at its Residential Project Sublimis, Greater Noida West

CRC Group, one of the leading real estate developers, has installed an air purifier system in the garden area of CRC Sublimis, Sector 1, Greater Noida West, to ensure a healthy environment for its residents. The purifier holds the capacity to clean air up to 800 meters around its point of installation. The aim of installing the device is to make society pollution free and promote a sound environment to approximately 857 families that are going to take possessions in the complex. CRC Sublimis is the only residential project in Delhi-NCR to install such equipment for a convenient lifestyle for residents.

In view of the breathing illness rising massively during Post Covid era, governments have decided to install such purifiers at multiple locations. Hence, CRC Group decided to take up the initiative of protecting their residents with the help of the most efficient equipment and conducted the installation of the device. An air purifier is an equipment that is efficient in purifying air by extracting the hazardous components expelled in the air by pollution. It helps the residents avoid respiratory diseases by breathing fresh, hazard-free air.

“Pollution is at its peak, and the festive season is also round-the-corner, leading the air quality index towards the worst end. We’d decided to provide all the facilities that could give our residents a better lifestyle, and installing an air purifier was one of our keys focuses in the context. We have thoroughly checked its functioning, and it is efficient in cleaning the environment of up to 800 meters, ensuring a healthy living space throughout our complex. We shall provide every facility to our buyers in the future as well,” said Mr. Salil Kumar, Director- Marketing & Business Management, CRC Group.

Chemical Testing Services Market is projected to expand at a healthy CAGR of 5.0% during the forecast period 2017 – 2025

Future Market Insights research delivers in-depth research on the chemical testing services market in its latest report, titled ‘Chemical Testing Services Market: Global Industry Analysis and Opportunity Assessment, 2017–2025”. According to the report, the global chemical testing services market is projected to expand at a healthy CAGR of 5.0% during the forecast period in terms of revenue.

Global Chemical Testing Services Market: Overview & Analysis

A chemical testing services market is a crucial processing step for regulatory compliance and certifiers to apprehend the composition and quality of chemical materials and substances that are used in industrial processes, products, and manufacturing any end product. Moreover, a chemical testing services market requires proficiency in applying the most pertinent methodology and expert industrial knowledge. Further, various kinds of chemical analysis in chemical testing services is provided to ensure that the products are aligned with various regulations such as REACH, RoHS, and other chemical notifications. Further, for a few verticals such as agrichemical, pesticides, or pharmaceuticals, there are different chemical testing services laboratories, including the Good Laboratory Practice (GLP) and Good Manufacturing Practice (GMP).

The chemical testing services market is growing at a faster pace, as quality audits and demand recalls are receiving more publicity now than in the past, making the response to them more sensitive and urgent. With chemical testing services market providers requiring to conform to a variety of government-mandated requirements and regulatory compliances, they need to maintain strict detailed product information and quality management. In addition, special materials, production techniques, and packaging requirements force manufactures to keep stringent control over their manufacturing processes in chemical testing services market. These regulations through government and regulatory bodies are boosting the growth of the chemical testing services market.

The chemical testing services market in North America, APAC, MEA, and Latin America are anticipated to contribute majorly to the global chemical testing services market. The market in APAC is expected to account for 28.5% share in terms of value in the global chemical testing services market and be valued at US$ 9,704 Mn by 2025 end. The increasing demand for chemical testing services certifications and analysis from the consumer goods and manufacturing industry of Europe and APAC, especially China and Japan, is expected to fuel revenue growth of the market in the region. The chemical testing services market in North America is estimated to be valued at US$ 5,282 Mn by 2017 end of, and is projected to expand at a CAGR of 39.6% during the forecast period.

Factors such as increasing demand for chemical safety and quality control, growing demand for the outsourcing of chemical testing services, increase in manufacturers and TIC providers, and partnerships to strengthen the food security approach to encourage certifications, governments are subsidizing the cost of certification, which is expected to drive revenue growth of the global chemical testing services market.

The global chemical testing services market is segmented on the basis of service type, sample type, end-use, and region. By sample type, the chemical testing services market is segmented into agrochemicals & pesticides, basic & industrial chemicals, dyes & detergents, lubricants & greases, nanomaterials, petrochemicals, polymers & plastics, and specialty chemicals. Moreover, by end-use, the chemical testing services market is categorized into consumer goods, environmental, and manufacturing. Key regions covered in the report are North America, Latin America, Europe, APAC, and Middle East & Africa.

The chemical testing services market report analyses the global chemical testing services market in terms of value (US$ Mn) by testing service type, sample type, end use, and region; and provides insightful information regarding the segment analysis, market trends, competitive landscape, market dynamics, market estimations, and forecast.

These insights are based on a report on Chemical Testing Services Market by Future Market Insights

BPTP Organizes a Spectacular Cultural Evening for Its Channel Partners

A cultural extravaganza was organized by BPTP, one of the top developers in the NCR, in the BPTP District neighborhood comprising Sectors 81 and 84. BPTP District, classified as “Faridabad’s New Landmark”, is an efficient residential complex with major amenities within reach. A cultural gathering was held for the channel partners. The cultural programs organized were the best attractions.

Future growth prospects and profitability were the subjects of intense discussion. Future releases of multiple large initiatives and alliances may result from it. Rohit Mohan, Senior Vice President, BPTP Group, said, “We were delighted to welcome our guests at the great evening to discuss the likelihood of future tie-ups or partnerships in projects. The attendees warmed up to us.”

Speaking further, he added, “Throughout this time, professionals are given a significant incentive and outstanding evaluations. Because of an increase in income, a desire to purchase real estate, appealing perks, and the joyful and early atmosphere pervading the air, buying a home during this time has evolved into an all-savings plan.”

BPTP District is Faridabad’s new plotted development project embellishing a unique concept in future living. Plot sizes ranging from 100 to 180 sq yards are available at BPTP District. The plotted development is a secure gated community with never seen amenities such as designated vehicle charging points, dedicated ambulances for residents, eco-friendly shuttles, an outdoor podium, a library bar, and smart drip & sprinkler irrigation systems.

Digit Insurance celebrates five-year anniversary, serves 30 million customers since inception

1 st November 2022, Hyderabad: Go Digit General Insurance Limited (Digit), one of India’s fastest-growing insurance players^#, completed five years of operations recently. The company, which began its operations in October 2017 with a mission of simplifying insurance, commands a market share of 4.3% in the motor segment.

Digit has managed to remain one of the fastest-growing insurers among private general insurers by GDP^# for the last three years (FY20 to FY22), establishing a track record of delivering growth. The company posted a revenue^$ of Rs 52.68 billion, Rs 32.43 billion, and Rs 22.52 billion in Fiscals 2022, 2021, and 2020, clocking a CAGR of 52.9%. The insurer offers 56 products under motor, health, travel, property, marine, liability, and other insurance lines, and has managed to serve more than 30 million^{^} people since inception.

Digit had a loss ratio of 74% as of Fiscal 2021 and Fiscal 2022 and also managed to reduce its net expense ratio from 42.4% for Fiscal 2020 to 38.7% for Fiscal 2022, highlighting its improving operational efficiency. The insurer’s combined ratio (a measure of underwriting profitability) has improved from 117.4% in Fiscal 2020 to 112.7% in Fiscal 2022.

“I am excited to see how the Digit story has unfolded in the last five years. The celebration of this milestones truly belongs to our strong team of 2500+ employees and partners who from Day 1 have brought a culture of change and helped the company in achieving these audacious goals. We hope to continue driving our growth by expanding into untapped geographies, acquiring new customers, and growing our product portfolio to meet the evolving needs of the Indian market,” said Jasleen Kohli, MD, and CEO, of Digit Insurance.

Digit has managed to increase its market share from 1.22% in Fiscal 2021 to 2.12% in Fiscal 2022 in terms of total GDP from private and public general insurers. Since inception, it has also managed to capture market share in the motor segment. The company’s motor GDP grew by 53.7% YoY in FY22 compared to the private motor insurance market, which expanded by 9.16%^# measured by GDP. It also had net promoter scores of 78% for non-claims and 86.4% for motor claims as of FY22.

The company over the years has managed to differentiate itself by adopting a ‘phy-gital’ distribution model. It has empowered its 32,613-strong partner ecosystem by digitizing offline networks. Digitally enabling the partners through 470 AI-driven microsystems and 1,063 API integrations has helped the company reduce fixed costs significantly and scale rapidly without incurring significant overhead expenses.

The predictive underwriting models utilizing its data bank has helped the company to price risk more accurately, and target markets that are expected to be more profitable. It has also managed to promote a high-quality customer experience by providing relevant, transparent, and customizable coverage through simple and easy-to-understand policy documentation and designing straightforward and paperless processes. The technological integrations have also helped the insurer reduce claims settlement turnaround time (TAT).