Tag: TresVista

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Pre – budget 2024-’25 Quotes – New York Academy, Bharat Founders Fund, Maestro Realtek, and TresVista

Jan 29, 2024 by Sujata Muguda 0 Comments #Bharat Founders Fund, #Devrath Banerjee, #Maanav Sagar, #Maestro Realtek, #New York Academy, #Nitin Gupta, #TresVista, #Viranica Manchu

PFB the quote by Mr. Devrath Banerjee, Director, TresVista on the expectation from the Union Budget 2024 for HR Sector

In anticipation of the 2024 Union Budget, the HR sector looks forward to reforms that would simplify and effectively implement labor laws, making them more adaptable to the modern workplace. Labor laws, up till now, have been described as cumbersome, rigid, and difficult to follow. The government’s proposal to consolidate the 29 existing laws into 4 codes will go a long way in helping simplify and modernize labor regulations. But, this expectation comes with the announcement that the implementation of the labor codes passed by parliament between 2019 and 2020 has been pushed yet again. The controversial codes, which were set to take effect before the general election in 2024, have been held up for various reasons, including opposition from state governments and talks between the unions and union labor ministry. A key expectation from the 2024 budget is that it will revisit these laws, ensuring the workforce’s well-being without compromising take-home pay by focusing on flexible working arrangements and remote work policies. These laws will also play a critical role in defining the country’s ease of doing business strategy. While welcome, the new changes to the labor laws will need a major overhaul to be effectively implemented, with swift and decisive action taken to push stakeholders to unleash the potential of these reforms. Additionally, expectations run high for relief benefiting salaried employees through amendments in sections 80C and 80D, foreseeing an increased investment limit and medical insurance deductible limit under the two sections. Overall, the HR industry looks forward to initiatives promoting a harmonious work environment and economic stability.

Pre- Budget Quote by Mr. Nitin Gupta, Founder and Managing Director, Maestro Realtek

Lower interest rates: Over the past two years, customer EMIs have witnessed a substantial surge of 30-40 per cent. A strategic reduction in interest rates can not only alleviate this burden on consumers but also substantially enhance buying power, thereby fueling growth in the real estate sector.

Increased home loan deduction slab: To position real estate as a preferred investment, it is imperative to elevate the home loan deduction slab across diverse sections of society. This move encourages homebuyers and stimulates economic activity within the real estate market.

Grant infrastructure status to the real estate sector: The real estate sector also wants the government to grant it infrastructure’ status that will ensure easier access to institutional credit and help reduce developer’s cost of borrowing.

Changes in definition of affordable housing: The real estate sector has also recommended standardization and rationalization in the definition of affordable housing across government schemes and financial institutions can help homebuyers qualify for cheaper financing options in the particular category. The definition of affordable housing, which was capped at ₹45 lakh, was given in 2017 and is yet to change since.

Pre-budget Quote on Energy and Carbon fuel sector – Bharat Founders Fund

“Given India’s heavy reliance on Coal and other carbon fuel sources, I am keen to see the budget focus on facilitating the transition to a more sustainable energy mix. This could be through subsidies, incentives, schemes, GST, waiver funding to related sectors, and also transition financing which is becoming extremely critical for the renewable energy solution providers and the subsequent consumer adoption. Working with the startup ecosystem, I see a massive value add for companies in the clean tech sector. Companies such as Solar Square could definitely get some benefit out of the budget, hopefully. So really looking forward to the Budget 2024 and to a brighter future.” – Maanav Sagar, Partner at Bharat Founders Fund

Mrs. Viranica Manchu_Founder & Director_New York Academy

PFB the quote by Mrs. Viranica Manchu, Founder & Director of New York Academy, on the expectation from the Budget 2024:

“As we anticipate the upcoming budget, finding a delicate balance between in-school and after-school learning becomes crucial, leveraging the benefits of technology. Our vision is for education to be synonymous with ‘Fun and Learn together,’ characterized by increased technology involvement to make learning more engaging and dynamic.

The primary focus should be on transitioning learning pedagogy from theoretical concepts to practical applications. Allowing students to engage in real-life projects throughout their courses fosters independence and the development of practical skills.

Looking ahead, our commitment is to ensure that the learning experience remains meaningful and enriching. It is imperative to nurture, challenge, and empower all students for success through transformative initiatives. The future of Indian education will be defined by innovation, inclusivity, and a dedication to preparing students to face the challenges and opportunities that lie ahead. We expect that the forthcoming budget will allocate significant public investment in education, supporting the growth of young India”.

TresVista Partners with Aspire For Her to Unveil Report on Women at Work
Business World

TresVista Partners with Aspire For Her to Unveil Report on Women at Work

Mar 9, 2021 by Rekha Nair 0 Comments #Director, #TresVista, #Vishal Shah

Hyderabad, India: TresVista, a leading provider of high-end outsourced support to corporates, asset managers, and entrepreneurs has reiterated its focus on women empowerment by partnering with Aspire For Her, a non-profit company that aims to inspire and support women in the workforce. The combined efforts of TresVista’s CSR team and Aspire For Her have led to the creation of a comprehensive report on Women at Work, which focuses on the impact of COVID-19 on working women’s lives and careers in an attempt to highlight the various painpoints in a working woman’s journey and initiate meaningful discourse for envisaging feasible solutions.

The research report studies the impact of the global pandemic on India’s women workforce, focusing on four main variables – industry sector, occupational status, work experience, and hierarchical position. For Aspire for Her, the report serves as a foundation for the work that needs to be done within women’s communities to cater to their changing needs and work requirements. The comprehensive research was conducted with a sample size of 800 women across various industry sectors, occupational status, work experience, and hierarchical positions.

The report states that the proportion of working women that were negatively impacted was 25.1%, and those that were both positively and negatively affected was 54.9%. These numbers combined indicate that over 80% of working women were impacted in some form. 38.5% of working women said they were adversely affected by the added burden of housework/childcare/eldercare, and 43.7% stated that their work-life balance has become worse. The average age of these women is 37 years, and 52.7% of the respondents have children.

According to Vishal Shah, Director, TresVista, “Throughout 2020 we saw women, both in personal and professional lives, put in double the effort of managing home and work. It was a tough time for salaried professionals as everyone feared loss of job. It raised questions about security and a sense of belonging. That is why it became an urgent need to study the effect of COVID-19 on the women workforce in India.”

“As a financial services provider, TresVista is extremely focused on enabling the Indian population in all possible ways. One of the pillars under our CSR focus is women empowerment. We value the role that women can play in India’s socio-economic growth and are committed to empowering women so that they can choose to walk their own path. This has motivated us to support and collaborate with Aspire for Her,” added Shah.

The wide-reaching research has helped Aspire For Her craft the strategy for motivating women to enter and stay in the workforce. According to Madhura Dasgupta, Founder & CEO of Aspire For Her, “This is not just a report but a lighthouse for us. All of us at Aspire For Her appreciate the wonderful support provided by TresVista in fulfilling our vision of building a community of 1 million working women who are financially independent!”

In the last two months, through WiT (Women in TresVista) committee, TresVista has organized two workshops for women in the organization for leadership and development training. The pro-bono collaboration has enabled TresVista to meet its joint commitments to corporate social responsibility and WiT (Women in TresVista). Both TresVista and Aspire for Her hope that the report insights will help organizations work on initiatives to help women in the workplace. It is likely to be a beacon of hope for the working women community in India.

News

TresVista hires 300 employees despite the pandemic

Dec 24, 2020 by Rekha Nair 0 Comments #Co-founder and Managing Director, #Sudeep Mishra, #TresVista

India: TresVista, a leading provider of high-end outsourced support for asset managers, entrepreneurs & corporates, in line with its people-first priorities, has hired close to 300 employees in 2020 for its delivery centers in Mumbai, Pune and Bangalore. The hiring and on-boarding of new joinees was seamlessly handled with the help of digitization in the recruitment process.

Since the onset of the pandemic, TresVista has hired employees across diverse verticals both delivery & non-delivery roles and across the hierarchy. The departments hired for include Business Development Services, Human Resources and Marketing & Corporate Communications, amongst others. The hiring targets for the year are still in the pipeline, in addition to the 240 Analyst level positions already filled. The organization will seek to meet its targets before the end of the calendar year by closing on almost a 100 more positions. Not just numbers, TresVista has made the onboarding journey both intuitive and engaging with the new normal. Towards current people, several policies like a special Caregivers’ leave and WFH setup were initiated.

On the business front, TresVista has increased its FTEs by 14.5% from FY 2019-20, started new service lines including Business Development Services and end-market specializations, and will increase the Y-o-Y revenue by ~27%.

Sudeep Mishra, Co-founder and Managing Director, TresVista said, “Our focus remains on hiring talent with cross-functional capabilities and complementing that with improving the candidate experience throughout their tenure. A hybrid work model will be enabled when we reopen offices. This will offer flexibility to everyone while we continue to evolve from the learnings of a Work From Home set up.”