Tag: Chief Executive Officer

News

Groom India Salon & Spa (Naturals Salon) Appoints Sanjay Enishetty as New CEO

Jul 22, 2024 by Mansi Praharaj 0 Comments #C K Kumaravel, #Chief Executive Officer, #Enishetty, #Groom India Salon & Spa, #Naturals, #Naturals Salon, #Sanjay, #Sanjay Enishetty

Chennai, July 22, 2024…Groom India Salon & Spa, better known as Naturals Salon, is pleased to announce the appointment of Mr. Sanjay Enishetty as the new Chief Executive Officer, effective immediately. Mr. Enishetty is a seasoned professional with over 18 years of extensive knowledge and hands-on experience in the investments and startup sector.

Mr. Enishetty’s impressive career includes a decade immersed in the startup ecosystem and venture capital industry. He brings to Naturals Salon a wealth of institutional and industry knowledge, coupled with a strong track record of leadership and strategic innovation. His expertise spans a wide array of functional areas, including strategy, marketing, brand development, and strategic business development.

Commenting on the appointment, Mr. C K Kumaravel, Co-Founder and CMD of Naturals Salons, said, “Sanjay brings over 18 years of experience in venture capital investments, startups, and innovation. Having known him for the past 7 to 8 years, I have witnessed his ability to turn potential into success. His innovative mindset and strategic approach are precisely what we need to evolve and thrive. Though his background isn’t in traditional retail, his extensive experience and fresh ideas make him the perfect leader to take Naturals Salos forward. With over 6 million loyal customers, we have built a remarkable network of women entrepreneurs. However, we recognize that the future lies in Beauty-Tech. AI and other tools will revolutionize the beauty space, making it more exciting and attractive. I look forward to a new chapter of growth, innovation, and achievement under Sanjay’s leadership.”

Expressing his enthusiasm for the new role, CEO, Mr. Sanjay Enishetty stated, “I am thrilled to join the Naturals team. Naturals has an excellent business model and a talented management team. As we embark on a new phase of transformation, I believe my broad experience in strategy, brand development, and innovation will serve us well. I understand what it takes to conceive, launch, and manage a company during a shift in business vision. We are uniquely positioned to play a pivotal role in the industry, and I am excited to drive this change. My key responsibility areas (KRAs) will focus on expanding the business globally, introducing tech and innovative solutions in the beauty segment, and launching new initiatives that will enhance our brand and drive growth.”

Prior to joining Natural’s, Sanjay was a founder at 99SA Ventures, an early-stage SaaS focus operator model fund plus venture studio and also had an advisory position at T-Hub, which is India’s largest innovation hub for startups located in Hyderabad. His role here included setting up the funding ecosystem by building an Angel network.

Prior to this was the MD &CEO at 50K Ventures, an angel fund that invested in early-stage startups. Exited with 5 portfolio startups in 2021.

Sanjay is an MBA in HR and marketing.

Sanjay will be based in Chennai, Tamil Nadu and will report to the Board.

About Naturals Salon

Naturals Salon launched in the early 2000s and focuses on premium beauty care. It currently counts 800 outlets in India and plans to expand its brick-and-mortar presence to reach a total of 3,000 salon stores by the year 2025. Naturals was conceived with the idea of the modern Indian. Founded by K. Veena whose knowledge of the international beauty industry pioneered a new era in the hair and beauty care industry in India, Naturals has made a path-breaking change in the way the beauty industry has been perceived.

So in the early 2000s, she made that dream a reality by setting up her first salon in Chennai. It took her only a while to understand the market potential and the ever-increasing demand for professional grooming. In 2004 her husband co-founder & CEO, CK Kumaravel joined and ever since then, the Naturals team has been able to meet every challenge in this competitive industry. Today, Naturals is India’s most prominent chain of hair and beauty salons. Thanks to our world-class service, courteous staff and loyal support from our patrons, Naturals now has 800+ salons across the sub-continent and aims to expand to 3000 salons by 2029.

Business

PepsiCo India Empowers 1 Million Women with ‘RevolutioNari’ Initiative

Jun 19, 2024 by Sujata Muguda 0 Comments #a leading global consumer packaged goods company, #Chief Executive Officer, #Jagrut Kotecha, #New Delhi, #Pavitra Singh, #PepsiCo India, #PepsiCo India Empowers 1 Million Women, #RevolutioNari

New Delhi, 19th June 2024: PepsiCo India, a leading global consumer packaged goods company announced the launch of RevolutioNari – A Revolution for the Nari, aimed at empowering 1 million women nationwide, in partnership with a consortium of organizations spanning 1,000 days. The program is dedicated to building awareness that will enable women to take informed career decisions, provide upskilling opportunities to enhance employability, and unlock direct and indirect opportunities to improve livelihood prospects in unconventional roles like sales, manufacturing, and agriculture within the FMCG sector across levels. Built on PepsiCo India’s principals of building a ‘Partnership of Progress’ that emphasizes on a collaborative approach for the collective good of the community, this transformative program will bridge the gender inequality gap in the workforce across India.

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RevolutioNari aligns with PepsiCo India’s pep+ (PepsiCo Positive) philosophy, directly integrating into its key pillars – Positive Agriculture and Positive Value Chain, that guide the company’s future endeavors to positively impact the environment and communities. Positive Agriculture is aimed at improving the livelihoods of people in the company’s agricultural supply chain and communities, with a focus on women empowerment. Whereas Positive Value Chain intends to give increased access to degrees, vocational training, upskilling programs to boost their employability, while advancing the Diversity, Equity, and Inclusion agenda at the company.

Jagrut Kotecha, Chief Executive Officer, PepsiCo India & South Asia said “We are proud to launch RevolutioNari, that embodies our pep+ (PepsiCo Positive) philosophy of shaping our actions to empower communities, building Positive Agriculture and Positive Value Chain. Through a carefully crafted three-year strategy, we aim to enhance livelihood prospects for women in non-traditional roles across India, advancing progress through partnership with like-minded organizations to drive sustainable development and gender equality in the workforce. PepsiCo India believes in the power of diversity and inclusion to drive positive change. We believe that by investing in women, we are investing in an inclusive future for our country.”

Commenting on the launch, Pavitra Singh, CHRO, PepsiCo India and South Asia said, “The launch of RevolutioNari – A Revolution for the Nari, marks a significant milestone in PepsiCo India’s decade-long commitment to diversity, equity, and inclusion. We have embarked on an ambitious journey to empower 1 million women in India, by facilitating their holistic development and helping them chart their paths to success. Our focus extends beyond merely providing opportunities and we aim to catalyze a fundamental change in how society views and supports economic empowerment for women. Through strategic interventions and tangible actions, we are laying the foundation for more equitable opportunities in unconventional roles, enhancing the livelihoods of women across India.”

Recognizing the underrepresentation of women in India’s growing economy, PepsiCo India identified the missed potential a decade ago and has worked on building well-recognized programs to promote inclusivity at workplace. RevolutioNari is another step in the company’s commitment to bridging the gender gap in India’s workforce, thereby contributing to the economic development of the country.

In the first phase of RevolutioNari, PepsiCo India is targeting undergraduate women in multiple disciplines, including STEM and Agriculture, underprivileged women, and senior secondary school students across 100 cities in India. By joining forces with partner organizations and leading corporates, the company will leverage collective expertise and resources to amplify the impact of its RevolutioNari campaign. So far, PepsiCo India has onboarded ecosystem partner organizations – Nirmaan Organization and The Social Lab Foundation, and Internshala, the tech partners to enable community reach-out for the initiative.

As part of this project, the company is introducing several training programs, including technical skill-building and internships, specifically designed for women in the manufacturing and sales sectors. Building awareness and unlocking direct and indirect livelihood opportunities are integral components of the RevolutioNari campaign. Numerous awareness and frontline hiring initiatives like Learn Today Give Tomorrow (LTGT) program, Lateral Hiring programs for Managerial and frontline jobs and Internship Programs specially curated to enable young women are being set in motion to achieve a gender-balanced workforce at PepsiCo India by 2026 across all levels. Moreover, a Tripartite MoU with the Assam Skill Development Mission (ASDM) & Directorate of Employment & Craftsmanship training (DECT) has been signed for upskilling women students from industrial training institutes in Assam to develop a pool of qualified women for front-line plant positions at PepsiCo India.

Business

AXA and HK Express Launch Exclusive Partnership

Jun 18, 2024 by Sujata Muguda 0 Comments #Adelane Mecellem, #AXA and HK Express, #AXA and HK Express Launch Exclusive Partnership, #AXA Hong Kong and Macau, #Chief Executive Officer, #HK Express, #HK Express Airways, #Hong Kong, #Jeanette Mao, #Kenneth Lai, #Regional CEO at AXA Partners

HONG KONG, June 18, 2024 — AXA Hong Kong and Macau (“AXA”) and HK Express Airways (“HK Express”) today announced an exclusive insurance partnership agreement and held the collaboration kick-off ceremony. AXA is committed to offering HK Express customers a fast, simple and convenient travel insurance experience while providing tailored protection for the mass travellers, enabling them to travel on their own terms.

“One-click” to enroll in travel protection and enjoy the journey with ease and peace of mind

From now on, HK Express customers booking flights on the official website can enjoy the unique experience of “one-click” travel insurance. With just a single click, travellers can complete the application process, making travel preparations easier and giving them peace of mind during their trip.

Tailored travel insurance to meet diverse needs

The exclusive “HK Express Travel Insurance” provided by AXA is tailored for HK Express customers with the following key features[1]:

  • Medical and related expenses: coverage up to HKD500,000
  • Baggage and personal belongings: HKD6,000, doubled to HKD12,000 for Japan travels (including HKD2,000 for mobile phones)
  • Rental car excess: HKD3,000, doubled to HKD6,000 for Japan travels
  • Free coverage for children travelling with parents
  • Free virtual medical consultation and medicine delivery services in selected cities in Japan

Expanding route network and providing comprehensive assistance services

HK Express is poised to continue its rapid growth by expanding its fleet and route network. This year, HK Express has already added four new destinations and is set to announce new routes, further extending its market reach. This exclusive partnership agreement between HK Express, AXA and AXA Partners, the international entity forming part of AXA Group offering a wide range of solutions in assistance services, travel insurance and credit protection & lifestyle, covers all the markets served by HK Express and the popular travel destinations for Hongkongers, including the Mainland China, Japan, Korea, Taiwan China, Thailand, Vietnam, and the Philippines, catering to their travel needs.

HK Express is a member of the Cathay Group and the only low-cost carrier in Hong Kong since 2013. HK Express is operating a fleet of 34 aircrafts and 25 routes.

Kenneth Lai, Chief General Insurance Officer at AXA Hong Kong and Macau, said: “AXA has been actively expanding its insurance ecosystem and is committed to being a true partner for our customers. We collaborate with leading partners from different industries and strive to offer more personalised and tailored coverage. We understand that the demand for travel insurance has become more diverse. Thus, we hope to bring a seamless travel experience to our customers. As AXA’s inaugural Hong Kong-based airline partner, the partnership allows HK Express customers to effortlessly book flights and buy travel insurance through its all-in-one platform. Looking ahead, we will continue working with HK Express to explore products with comprehensive coverage and bring innovative solutions to the market.”

Jeanette Mao, Chief Executive Officer, HK Express said: “HK Express is a young and vibrant brand that pride itself on daring to be different. We enable our travellers to customize their journeys according to their needs. Recognizing every journey is unique, we are dedicated to offering a wide array of value-added services and products, from inflight dining and seat selection, to checked baggage and travel insurance. We provide flexible options that allow customers to choose combinations that suit their needs, all at value fares that make it easy to ‘Gotta Go’ with HK Express.”

She added, “travel insurance is a crucial component of the travel experience, and we are thrilled to partner with AXA, a leader in the insurance market, to offer comprehensive travel insurance solutions. For the first time, HK Express is displaying our partner’s brand on our aircraft livery, signifying our long-term strategic partnership with AXA. We are continuously exploring new ways to enhance our services and are committed to delivering a safe and enjoyable flying experience, inviting our customers to discover unique destinations across Asia with us.”

Adelane Mecellem, Regional CEO at AXA Partners, said: “We are thrilled to announce our exclusive partnership with AXA HK and HK Express. This partnership perfectly aligns with AXA Partners’ strategic vision to push boundaries, drive innovation, and enhance our solutions by providing travellers with a seamless experience and genuine peace of mind before and during their flights.”

The debut of co-branded aircraft marks a new era in Hong Kong’s marketing landscape

HK Express has unveiled its first A321neo aircraft that prominently displays AXA’s logo, marking the official launch of the partnership. This demonstrates collaborative innovation and commitment to providing travellers with a more seamless experience and comprehensive protection coverage.

The exclusive partnership also marks a breakthrough in Hong Kong’s marketing landscape, making AXA as the first brand to be featured on the exterior and interior of a Hong Kong aircraft livery. The design showcases Hong Kong’s signature skyline formed by countless Chinese characters carrying AXA’s two-syllable name (“Peace of mind” and “Prosperity”) and its logo in the background. Inside the aircraft, AXA’s comprehensive protection solutions are displayed, reflecting the commitment of both AXA and HK Express, rooted in Hong Kong, to providing travellers with enhanced protection and experience.

Business

Colliers hires another industry leader to strengthen its office leasing capability in West India

May 17, 2022 by Rekha Nair 0 Comments #Asia, #Chief Executive Officer, #Colliers, #India and Managing Director, #Market Development, #Ramesh Nair, #Srikanth Nookala

MUMBAI, INDIA, MAY 17, 2022 – Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) today announced the appointment of Srikanth Nookala as Senior Director for its Office Services teams based in Mumbai, effective immediately. Srikanth joins from JLL India to further strengthen Colliers’ capabilities in the region.

Bringing his diverse expertise across the real estate sector, Srikanth will collaborate with Office Services senior leaders in Mumbai to nurture new client opportunities and provide innovative services while expanding our existing client network.

An industry expert and trusted industry leader with more than a decade of experience, Srikanth has a track record of driving exceptional results for clients. Prior to this, Srikanth headed Strategic Consulting for West India and also was Head of India for the Centre of Excellence function at JLL. Earlier in his career, he has worked with firms like McKinsey & Company and Barclays.

With a track record of advising and servicing many large clients, Srikanth is also an expert in identifying strategies to drive business growth. He has spearheaded numerous growth initiatives for JLL India as a senior internal strategist in the CEO’s office. He has experience in business development, client relationship management, strategy, corporate development (M&A and partnerships) and business transformation.

Srikanth has been a frontrunner for driving innovative strategies leading to business transformation as a market leader. As part of the office services team in Mumbai, he will collaborate with Office Services senior leaders in Mumbai to nurture new client opportunities and provide innovative services while expanding Colliers’ existing client network. As a local market expert, he will drive exceptional results for clients and Colliers.

Ramesh Nair, Chief Executive Officer, India and Managing Director, Market Development, Asia, Colliers, commented: “I am delighted to welcome Srikanth to the Colliers team to drive the business growth of our office leasing business in Mumbai. Srikanth is a great collaborator and has been instrumental in building and driving customized client solutions enabling all stakeholders to make important business decisions. In our journey of building an exceptional talent pool of motivated high performers, I am excited to onboard experts like Srikanth who are goal-oriented with a client-focused approach to enhance our value proposition”. 

Srikanth Nookala added: “I am thrilled to join Colliers’ fast-growing Office Services business and be a part of the firm’s exciting growth journey. The office real estate segment is witnessing a strong bounce back post COVID-19. What makes it interesting is the shift in occupier expectations to support the ongoing revolution in Ways of Working. I hope I will be able to add value to clients by tapping on my years of experience in real estate, management consulting and investment banking. I am looking forward to begin working alongside some of the industry’s best and brightest”.

Business

OTSI develops National Data and Analytics Platform for Niti Aayog

May 17, 2022 by Rekha Nair 0 Comments #Chandra Talluri, #Chief Executive Officer, #OTSI

Hyderabad, May 2022: Object Technology Solutions India Pvt. Ltd. (OTSI), global leader in IT and consulting has developed NITI Aayog’s ambitious National Data and Analytics Platform (NDAP), which was launched last week. OTSI had been selected as technical partner to build the portal with inputs from NITI Aayog.

Envisioned in 2020, the platform aims to standardize data across sources and provide flexible analytics that makes it easy for users to analyze information using multiple datasets. The portal will help citizens, policymakers, academics, researchers, institutions, international organizations, etc. to easily analyze data across the departments by merging various datasets without any hassles. The portal currently offers 203 datasets from more than 47 Central Government Ministries and Agencies and across 14 Sectors and will add new datasets up to the village level in the future.

The datasets available on the portal have been selected based on use cases and after discussion with experts on the most commonly used data required for various analyses. For instance, Census, National Family Health Survey, Unified District Information System for Education data, etc. are available on the portal.

While many government departments have public dashboards with options to download data, some are available as image files while others are in PDF format, making it difficult to compile information. The analysis of data across departments is another key challenge. Data collected by various Government Departments is incoherent due to different standards for common indicators. This issue has been addressed in NDAP. The portal has also implemented an algorithm to track the changes in the data published within the websites of various departments and reprocess the newly available data into the NDAP platform with minimal manual intervention.

“Using specially designed algorithms, the data fetched from various Government portals is processed to ensure uniformity in semantics so that two different datasets can be compared. This means that our software enables government data to be presented in a user-friendly format, and promotes data-driven decision making and research. As of today, we have analyzed and processed more than 30,000 source files from various departments and combined them into 203 datasets on NDAP. We are working on getting more datasets to be onboarded onto the platform in the coming weeks. We took every measure to make sure NDAP’s backend architecture is scalable and resilient to cater to the future needs of India,” said Chandra Talluri, Chief Executive Officer, OTSI.

Business

G Square launches G Square Springfields…

Dec 3, 2021 by Rekha Nair 0 Comments #Chief Executive Officer, #G SQUARE, #Mr. Eshwar N.

Coimbatore: After the successful launches of G Square Blue Crest (Phases I & II) and Manchester, G Square, South India’s largest land aggregator, today announced the launch of G Square Springfields, a gated plot community. Springfields comprises of 186 residential plots ranging from 2 to 7 cents; and 7 commercial plots ranging from 4 cents at Sulur (just 1 minute away from Trichy Road).

G Square has been instrumental in promoting fully developed and self-contained ready-to construct plots meeting international quality and standards, at prime ‘on road’ locations in and around Chennai and Coimbatore.

Speaking on the occasion, Mr. Eshwar N., Chief Executive Officer, G Square said “We are overwhelmed with the phenomenal response that we have received for our earlier projects – Blue Crest & Manchester. The response actually exceeded our own expectations. It’s good to see people in Coimbatore adapting to the ‘plot perfection’ culture that we have brought into the city with our projects. It shows that there was a clear need gap between what a buyer was looking for in terms of a plot, and what was being delivered and the way in which it was being delivered. We are happy to have filled the gap and brought about a positive change in the way plots were being bought and sold in the city. Springfields, our third project in the city comes with the same promise of ‘plot perfection’ in every aspect.”

The main USP of G Square Springfields is that its located inside the city at Sulur also its inside the budget, the starting price for Elite plots at Springfields is INR 16 lakhs; INR 24 lakhs for Premium plots; INR 35 lakhs for King sized plots; and INR 4-cr for Commercial plots.

For any discerning buyer, there are 5 good reasons to buy a residential plot at G Square Springfields…

1) Just 1 minute away from Trichy Road

2) 2o+ world class amenities

3) Higher appreciation potential

4) Only DTCP approved gated plot community

5) Plug-n-play plots with water and electricity connection to individual plots

AMENITIES

1. Outdoor basketball court

2. Tennis court

3. Pergola with seating

4. Outdoor badminton court

5. Kids play area

6. Aroma garden

7. Amphitheatre

8. Hammock garden

9. Palm promenade

10. Reading plaza

11. Family lawn

12. Giant board games

13. Hopscotch games

14. Outdoor gym

15. Seating area

16. Senior citizen park

17. Reflexology pathway

18. Yoga pavilion

19. Fountain

20. Meditation area

21. Jogging track

and many more.

Set in a green, peaceful ambiance with manicured landscapes and pristine surroundings, G Square Springfields extends the freedom to create one’s unique dream home at a premium location in the city. The project comes with 24×7 CCTV Security, 5 years’ free maintenance, blacktop internal roads with street lights and extensive landscape.

G Square Springfields boasts of a decent neighborhood that has some of the best schools, colleges and hospitals in the city. It’s well connected and easily accessible from and to any part of Coimbatore.

Business

GranBio Technologies in Partnership with Birla Carbon Awarded $730,000 in Grants for Scale-Up of Nanocellulose Dispersion Composite (NDCTM) Masterbatch

Dec 1, 2021 by Rekha Nair 0 Comments #Bernardo Gradin, #Birla Carbon, #Chief Executive Officer, #Chief Executive Officer of GranBio Technologies, #John Loudermilk.

Atlanta, USA – AVAPCO, a subsidiary of GranBio Technologies, announces that it has been awarded $500,000 in funding from P3Nano, a public private partnership between the U.S. Endowment for Forestry & Communities and the USDA Forest Service (USFS), along with an additional $230,000 from the USFS under a separate program to advance scale-up and commercial introduction of the Nanocellulose Dispersion Composite (NDC™) rubber masterbatch for the tire and rubber goods markets.

The breakthrough NDC masterbatch is the result of a four-year Joint Development Program between Birla Carbon and GranBio, designed to address growing sustainability demands from the tire industry in terms of improving both tire rolling resistance and vehicle fuel economy through enabling the incorporation of sustainable, bio-derived nanocellulose into commercial rubber compounds.

P3Nano’s funding program targets projects designed to advance the commercialization of cellulosic nanomaterials. Under the competitive Award, the companies will demonstrate continuous scale-up of production of the NDC at GranBio’s Biorefinery in Thomaston, Georgia for anticipated full-scale factory and on-road tire trials by global partners within the tire and mechanical rubber goods industries.

Under the additional competitive award from the USFS’s Wood Innovations program, designed to expand and accelerate market growth for wood products, the companies will prepare an engineering package, market analysis, and financial modeling for the first NDC commercial plant.

“The NDC project demonstrates how Birla Carbon continues to drive innovation in sustainability supporting our ambitions and those of our customers,” said John Loudermilk, Chief Executive Officer, Birla Carbon. “The partnership with GranBio allows us to ‘Share the Strength’ in support of our aspiration to achieve net zero carbon emissions, including the development of novel materials from biomass.”

According to Bernardo Gradin, Chief Executive Officer of GranBio Technologies, “The NDC is a key example of GranBio’s mission to “Enable Net ZeroTM” solutions through the development and deployment of sustainable biomass-based technologies across the biofuels, biochemicals, and advanced biomaterials sectors. The partnership with Birla Carbon materializes a common strategy to enable net-zero emission in tires and the automotive value chain.”

For more information about the NDC masterbatch, please contact the development teams at Birla Carbon (charles.herd@adityabirla.com) and GranBio Technologies (knelson@granbio.com).

Health

HealthCube Wins the Prestigious “ Startup of the Year” Honour at Smart Bio Awards, Bengaluru Tech Summit 2021

Nov 19, 2021 by Rekha Nair 0 Comments #Chief Executive Officer, #Chief Technology Officer, #Dr Radha Rangarajan, #HealthCube, #Ms Runam Mehta

HealthCube, a healthtech and point-of-care diagnostics company, has been named as the Startup of The Year’ at the Smart Bio Awards during the Bengaluru Tech Summit 2021. The event, attended by luminaries and distinguished personalities from 30 countries, was held at Bengaluru on 18 November. Axio Biosolutions, Biocon Academy, Biomoneta and NeoDx Biotech Labs also received recognition in different categories.

Naftali Bennett, the Prime Minister of Israel, and Scott Morrison, the Prime Minister of Australia, were some of the dignitaries who attended the event virtually. Hon’ble Chief Minister of Karnataka Basavaraj Bommai; and Governor Thaawarchand Gehlot were present at the global event. South Africa, Vietnam, and UAE were some of the countries that participated.

Selection for the coveted awards was conducted by an eminent jury chaired by the President of the Association of Biotechnology Led Enterprises (ABLE). The Startup of the Year’ award is a distinguished felicitation awarded to the most promising startups in the domain. Introduced by the Department of Electronics, IT, BT, and S&T, Government of Karnataka, the Smart Bio Awards honor path-breaking biotech firms that display dynamic leadership and cutting-edge innovation to make outstanding contributions in their respective biotech verticals.

Speaking about this, Ms Runam Mehta, Chief Executive Officer, HealthCube said, “We, at HealthCube, are solving the problem of access to diagnostics using a combination of our proprietary devices and digital health tools. These integrated point-of-care devices can be used in a range of clinical and non-clinical settings.

This award is an affirmation of our mission to improve health through the early detection of disease.”

Adding further, Dr Radha Rangarajan, Chief Technology Officer, HealthCube said, “We are privileged to receive this award and be counted among the most innovative startups in Karnataka. Our devices enable the easy testing and monitoring of key health parameters. Versatile and easy to operate, our products are positively impacting under-served communities.”

HealthCube’s best-in-class products provide results in 1 to 15 minutes for over 30 tests across various parameters. The results are saved electronically on the cloud with the help of an Android-based application and accessed easily on mobile phones and laptops. The devices can be used in the absence of electricity or internet, so they are ideally suited for remote, far-flung locations which lack access to doctors and diagnostic labs. By providing rapid and accurate results, HealthCube is enabling positive patient-centric interventions, saving time and cost. Over 2.5 million tests have been conducted and more than a million lives have been touched so far

HealthCube has been consistently winning accolades on the national as well as international front since its inception. It was among the final four in the telemedicine segment at the UCSF Health Awards 2019, and was awarded 2nd place in the ‘Innovation’ category at the first edition of the Fair of Ideas, Inventions, Innovation and Entrepreneurship Technology – FIEBaT organized by The Angola Ministry of Higher Education, Science, Technology and Innovation during the 6th National Conference on Science and Technology held in 2019.

HealthCube designed and implemented a COVID-19 screening solution that saw its partner, Tech Mahindra receive the ‘Best Technology Solution for COVID19’ felicitation at ET HealthWorld Intelligent Health & Tech Awards 2020. The company also received the SKOCH order of merit in 2021. In collaboration with CDDEP, HealthCube competed for the “Trinity Challenge Award” by MIT Solve where it was among the top 16 out of 380 applications in 2021.

Business

Growth Momentum Continues for Angel One Limited

Oct 22, 2021 by Rekha Nair 0 Comments #Chairman & MD, #Chief Executive Officer, #Mr. Dinesh Thakkar, #Mr. Narayan Gangadhar

Mumbai: Angel One Limited announced its unaudited consolidated financial results for the quarter and half year ended on 30th September 2021.

Client Additions

The company witnessed strong gross addition in client base by 1.3 mn clients in Q2FY22 as compared to 1.2 mn clients in Q1FY22

Total Income

₹ 5,382 mn in Q2FY22 vs ₹ 4,745 mn in Q1FY22, a growth of 13.4% QoQ basis Income growth was aided by strong client addition

EBDAT

₹ 1,839 mn in Q2FY22 vs ₹ 1,663 mn in Q1FY22, a growth of 10.6% QoQ basis EBDAT Margin (as % of Net Income) remained stable at 47.4%

Profit After Tax from continuing operations

₹ 1,343 mn in Q2FY22 vs ₹ 1,214 mn in Q1FY22, a growth of 10.6% QoQ basis

Dividend

The Board of Directors have recommended second interim dividend of Rs. 5.70/- per equity share of Rs. 10/- each, i.e. ~35% of consolidated profit after tax, for the quarter

Mr. Dinesh Thakkar, Chairman & MD said, “Angel is amongst the fore-runners and has played a significant role in diversifying India’s equity culture, as we continue to witness strong addition. Our robust digital platforms are well accepted by the Gen Z and millennials. We continue to augment our technology and products by upskilling our artificial intelligence, machine learning and data science capabilities, to provide clients with seamless and best in class experience.

During the quarter, we on boarded some of the best talent in technology and product development, as Jyotiswarup Raiturkar, joined us as Chief Technology Officer along with other senior and mid level executives at our product development center in Bengaluru. This will help us to develop planet scale products and solutions, while keeping simplicity, reliability, and efficiency at our core. We submitted our application with SEBI, for an in principal approval to set up our AMC. This will be one of the key levers for us, as we progress towards offering wealth-tech solutions.

The effervescence and freshness of our Angel One brand and its endorsement by our target client base has been further riveted with ‘Angel Broking Limited’ being rechristened as ‘Angel One Limited’. The Board of Directors have approved distribution of 35% of Q2 FY2022 consolidated profit as 2nd interim dividend.”

Narayan Gangadhar, CEO, Angel One
Narayan Gangadhar, CEO, Angel One

Mr. Narayan Gangadhar, Chief Executive Officer said, “For the 2nd consecutive quarter, we acquired more than 1.2mn clients which demonstrates our robust processes, strong performance marketing, backed by our efficacious technology & product suite. With this, our total client base expanded to 6.5 mn clients. Growing client base, and a corresponding increase in active client base, led to continued improvement in our operating and financial metrics.

We have expanded our product and technology talent base. Our focus will be on modernizing systems, leveraging cloud capabilities, enhancing product reliability, security and attaining shorter time to market, while also using advanced artificial intelligence, machine learning and data science techniques to build our next-gen Super-App with personalized journeys.

In our pursuit to democratize stock broking and attain leadership position, we are constantly improving our products and adding newer features and services. We are well placed to capitalise on the massive growth opportunity that is unfolding for Fintech players like us.”

Business

RapiPay appoints Nipun Jain as Chief Executive Officer

Aug 24, 2021 by Rekha Nair 0 Comments #Chief Executive Officer, #MD, #Mr. Yogendra Kashyap, #Nipun Jain, #Promoter, #RapiPay, #RapiPay Fintech Pvt. Ltd, #S.K. Narvar

Hyderabad: RapiPay, India’s leading assisted payments Fintech company today announced the appointment of Nipun Jain as the Chief Executive Officer (CEO) of the company.

Mr. Jain has a rich experience of three decades as a Retail Banking professional with expertise in setting and scaling up of businesses. He is proficient in managing large retail assets, business banking, and branch banking franchise. Prior to joining RapiPay, he has previously worked with Yes Bank and ICICI Bank.

“RapiPay intends to be one step ahead in the growing fintech space and is set to take the lead by getting into newer businesses to fulfill country’s ever-growing demand for banking, financial and payment services. Nipun Jain’s appointment as CEO is a crucial step on that path and I wish him continued success in his new role and look forward to greater achievements” said S.K. Narvar, Promoter, RapiPay Fintech Pvt. Ltd.

“I am also excited to see how RapiPay will continue to grow, evolve and be a one stop destination providing a digital financial ecosystem to Indian consumers” added Mr. Narvar.

The leadership rejig at RapiPay is with an objective to gain foothold in Neobanking domain and thus expand the company’s business further. RapiPay is working on expanding its footprint in the rural areas and Tier II cites to foray into newer businesses such as digital lending, POS, Digital Cards, Investments, Insurance and other financial services

Sharing this news, Mr. Yogendra Kashyap, MD, RapiPay Fintech Pvt. Ltd. said, “Nipun Jain has an impressive track record in various banking services, and I am happy to welcome him as the CEO of the company. His proven leadership, deep expertise in Banking and passion for client-driven innovation will make him the ideal fit to lead RapiPay into its next chapter.”

On his new role Nipun Jain said, “I am extremely excited to lead the team at RapiPay, joining an organization that is well-positioned to grow the financial inclusion to the last mile in the country by shaping the future of assisted payments and financial services through Neo banking”

Nipun Jain joined Yes Bank in 2013 as President of Retail Consumer Loan and was elevated as Group President, heading the SME business of Yes Bank. He has also held the position of Product Head at the ICICI Bank from 2006 – 2013. Jain brings with him a rich repertoire of experience in growing and managing retail business, developing process, products, and retail franchisee with focus on profitability.

RapiPay has witnessed a robust growth of 25% month on month since January 2021. The number of direct business outlets have also increased from 1.5 Lakhs in Jan 2021 to 3 Lakhs in August 2021 and plans to grow it to 1 million in the next 2 years.