Tag: founder and managing director

Business World

On Completion of 9 Years, Futuready announces slew of incentives; First of its Kind Profit Sharing with Employees

Apr 23, 2021 by Neel Achary 0 Comments #Amey Asuti, #founder and managing director, #Futuready Media

April 23, 2021: On the completion of a remarkable nine year journey, Futuready Media – an award winning, full servicing digital agency – today announced a slew of incentives for those who wrote its success stories – its employees. Founded by IIM alumnus, Amey Asuti in 2012, Futuready Media has carved a niche in Digital Marketing, Technology, Content Creation, Graphics & Design and Video & Animation domains.

Celebrating its 9th anniversary, the agency introduced innovative employee benefit programs to recognize and acknowledge the loyalty of the employees who stood by the company even in difficult times. A first of its kind partnership model for top leaders has been implemented.

 

“Each team member of the agency from top leaders to downline have played a very critical role in our journey so far and as we enter into the next decade they deserve more than what they got in the last decade. Hence, we are initiating a unique partnership model for top leaders who have a result-oriented approach. This profit share partnership will be a first of its kind in the industry paving way for collective leadership and distributed ownership”, said Amey Asuti, Founder and Managing Director, Futuready Media.

 

On other incentives Asuti further said, “We are rewarding our long serving team members with a term insurance policy for a sum of INR 1 crore each. Everyone who completes two years or more at Futuready Media will be eligible for it and the company will pay the premium as long as the team members are employed. The pandemic period has been financially hard for many. To help our employees tide over monetary issues, we will provide an interest-free loan of upto INR 50,000. This benefit will be available to any team member who has completed a year or more and this amount may be paid back as EMIs over six months.”

 

With the motto – ‘We get it done!’ – the agency combines strong strategic and creative marketing thinking with expert data analysis and a deep understanding of emerging technologies, Futuready Media blends creativity and technology to transform and grow clients’ businesses.

Referring to the pandemic situation, Asuti called for everyone to “Be Future Ready.” This is part of his 9 Mantras that he has learned and inculcated in the culture of the team. ‘Start With Why,’‘Be Good, Do Good,’‘Knowledge Is Our Edge,’‘Excellence Counts,’ ‘Teamwork,’ ‘Always Be Ready To Have Fun’ and ‘We Get It Done!’ are the other eight mantras.

Business World, News

Premier Energies invests Rs 483 crores towards being one among top 5 players in the solar energy sector in India

Feb 10, 2021 by Rekha Nair 0 Comments #founder and managing director, #Mr.Chiranjeev Saluja, #Premier Energies

Hyderabad: Premier Energies, one of India’s leading Solar PV Cells & Module manufacturing company has revealed that it is setting up a new state-of-the-art facility at E -City Hyderabad. A Greenfield Project, the new plant is spread across 25 acres.

This plant is slated to triple Premier Energy’s current capacity. Being built at an investment of Rs 483 crores, the plant will produce 1.5 GW of solar cells and modules as against the current capacity of 500 MW. The Plant is expected to be commissioned in the next 2 months.

Besides working towards reaching their stated objective of cleaner air and a greener world, the new venture will position the company amongst the top 5 solar manufacturing companies in India. The company also completed 25 years of operation in 2020.

The new manufacturing unit with a capacity of 1.5 GW, will produce MCCE textured multi-crystalline cells as well as Mono PERC cells. The new plant facilities are designed to produce latest generation products by incorporating Monocrystalline PERC technology. This technology step change along with the increase of wafer size to 182 mm and 210 mm will drive the industry towards a greener society.

Announcing to media, Mr.Chiranjeev Saluja, Founder and Managing Director, Premier Energies said, “We at Premier Energies realize that the future of the power industry in India is going to be driven by renewable energy, primarily dominated by solar energy. With the expanded capacity, we aim to work towards India’s commitment of addressing climate change. Our commitment is to fulfill our goals of a greener decade while contributing to the Indian power sector. With increased adoption of automation and robotics, our new factory will be at par with some of the leading manufacturing companies in Asia, Europe, and USA, producing world-class products”.

Headquartered in Secunderabad, Telangana, Premier Energies, an independent power producer owns / operates more than 250 MW solar power plants across India. These plants are monitored and maintained by an in-house O&M team. The company’s mission is to be one among the top 5players in the industry for solar manufacturing and EPC by 2023 by focusing on high quality and reliable energy solutions.

 

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Big Boy Toyz achieved exponential growth in 2020

Dec 11, 2020 by Rekha Nair 0 Comments #Big Boy Toyz, #founder and managing director, #Jatin Ahuja

The used car segment of Indian automobile sector has witnessed a sharp turnaround despite the global crisis led by COVID-19. Consumer demand has grown considerably amidst the pandemic as more buyers are interested in buying personal vehicles instead of using public means of conveyance. According to a recent report by the Society of Indian Automobile Manufacturers, the pre-owned Indian automobile industry which accounts for over 18% of the market share recorded sales of around 4.4 million units in FY20. The new passenger vehicle sales in FY20 decreased considerably and registered around 2,775,679 units. The new automobile industry dipped below the 3 million sales unit mark for the first time ever since FY17.

Last year, the industry was valued at 180 crores and it was expected to grow at a CAGR of 15.12 per cent in the forecast period of 2020-2025. While the progress is slow, its been steady due to the recent events. Additionally, the demand from tier-2 and -3 cities for used luxury cars has given the industry a new perspective. As more buyers are becoming aspirational, the demand for pre-owned automobiles is expected to grow further which will in turn help the used car dealerships penetrate deeper into the non-metro cities of India.

The COVID-19 pandemic may have hit the automobile industry quite hard as businesses were brought to a grinding halt, workforce was displaced, and many were left with their purchasing power restricted. However, it proved to be a silver lining for the used luxury cars market. Factors such as depreciation and Bharat Stage VI norms also played an important role in changing the perception of several customers.

Big Boy Toyz, a renowned used luxury car dealership in India, is a perfect example of how having higher aspirations can lead to success. Jatin Ahuja, founder and managing director at Big Boy Toyz, has created a popular retail brand in the pre-owned car market by selling high-end luxury cars such as BMW, Audi, Lamborghini, and Range Rover and making dreams turn into reality for many Indians. It started with his passion for the four wheels and the business behind it. In 2009, he launched Big Boy Toyz, where pre-owned luxury cars could be refurbished and sold. Within its first year of operations, BBT made a turnover of Rs 6 crore and it kept increasing thereafter.

The company sold over 150 cars from April to September 2020. The price range of these cars was from 80 lakhs to 2 crores. Maximum sale during the said period happened via online transactions and cars were delivered to the customers as per Covid-19 norms. As per Jatin Ahuja, some of the most sold cars despite the lockdown were Mercedes S500 Maybach, GLS 350, Porsche 718 Boxster, BMW i8, Range Rover Sport, Lamborghini Huracan, and Bentley Continental GT Coupe.

Although the sales of Big Boy Toyz dropped down to around 30% during April 2020, the company saw considerable signs of recovery from May 2020. The business was revived and improved to 40-45% in May 2020 and further stabilized at 80% of the operations in June 2020.

The sales figures from April to September 2019 were comparatively lower than the current sales figures in 2020. Considering the number of cars Big Boy Toyz sold in the second quarter, the company is now expecting 20%-30% hike in sales during this festival season.

The brand has had an effective online presence even before the pandemic as about 70-75% of their sales would happen on that medium. With the global pandemic shifting customers from offline shopping mode to online, BBT decided to bring in a digital effect with their newly launched mobile application in the company’s name. Available for both iOS and Android devices, this application hosts a multitude of features such as to enhance the digital buying experience of its customers. It comes with options where users can book cars online, request for a 360-degree view of via photos and videos, buy BBT merchandise, access the secured payment gateway, and view a range of car comparisons. App also allows users to download wallpapers.

The car dealership has increased footfalls via virtual platforms and open virtual offices. In terms of logistics and finances, BBT has very sturdy plans for the upcoming year as they will be venturing into the eastern and western parts of India while eyeing on achieving the same profits as last year.

As customers from tier -2 and -3 cities are also transitioning towards the digital means, the automobile sector has a great potential in these cities. BBT has also started receiving about 30 – 35% enquiries from the Tier -2 and -3 territories. The brand is now planning to expand in many tier 2 and 3 markets in the coming months.