MAANAVEEYA DEVELOPMENT

Changing seasons ask for improved business strategies…

Vol - 6|Special Edition|October 2023 Publisher & Editor : Abhishek Kumar Dubey Editorial Team Kajal Dobhal | Sugandh Bahl | Dr. Amit Mishra | Avishek Singh | Kriti Anand | Sanjay Maurya

Business Connect consistently surpasses the expectations of its readers through its forwardthinking publications. In an era where information is abundant but relevance is paramount, Business Connect stands as a beacon of insight. With a finger firmly on the pulse of everevolving industries and market trends, it delivers content that resonates deeply with its discerning audience.

Whether it’s delving into the latest technological innovations, exploring emerging business paradigms, or unraveling the success stories of industry leaders, Business Connect’s publications serve as an indispensable guide for professionals seeking to thrive in a rapidly changing world. Its holistic approach ensures that readers are not just informed but inspired and equipped to navigate the challenges and opportunities that lie ahead.

As we bid farewell to the captivating yet occasionally unpredictable monsoon season, we stand at the threshold of a fresh chapter, poised to welcome the gentle arrival of autumn.

This transition from rain-drenched landscapes to the vivid tapestry of fall foliage is a truly magical moment, and it’s the inspiration behind our forthcoming exclusive edition. This unique release is a tribute to the global shift in seasons.

Autumn ushers in distinct consumer behaviors and preferences. People seek warmth and comfort in their choices, presenting businesses with an ideal opportunity to innovate and cater to these evolving needs. Whether your focus is on retail, hospitality, or technology, the autumn season offers a blank canvas for creative marketing campaigns, product launches, and customer engagement initiatives.

Business Head ASHISH KUMAR

Senior Marketing Manager Sonia Tiwari Senior Relationship Manager Reshmi Mishra Corporate Team Satyam Singh | Sunny Pathak | Asha Dudeja | Pradeep Pandey | Reetu Chauhan | Komal Verma Sudha Gupta | Vikash Kumar | Kazim Barati | Rahul Kumar | Abhishek Mishra| Vijender Saroj | Karan Sharma | Kavita Tiwari |Sanyam Bhayana| Jasmine Kaur| Suful Bhattacharjee | Deepali Kalra Co-ordinator (Business Connect-Clients) Anita Kumari | Priyanka Gupta Data Research & Analysis Anita Yadav | Mukul Kumar | Gunjan Chaurasiya | Hitesh Kumar | Adarsh Pathak| Prince Banga | Diksha Singhal | Aditya Thakur | Nupur Sharma | Brahmdeo Kumar | Meera Bhardwaj| Raj Sharma | Akansha Kumari Finance Team Gaurav Singhal | Jyoti

Creative Director

Within this edition, we celebrate the subtle change in the air as the crispness of autumn replaces the humidity of summer rains. Our pages come alive with articles that capture the essence of fall – from its vibrant colors to cozy sweaters and the aroma of freshly baked pies. You’ll discover insights into crafting your fall wardrobe, recipes that make the most of seasonal produce, and tips for creating the perfect autumnal ambiance at home.

ASHUTOSH OJHA

Creative Team Rajat Pathak | Pawan Yadav | Vishant Saroj | Vandana Gusain Legal Affairs Mukesh Kumar

Moreover, the harvest festivals, seasonal events, and cultural celebrations of fall provide businesses with a unique opportunity to connect with their audiences on a more personal level. Embracing these festivities can foster a sense of community and brand loyalty that extends far beyond the season.

At the heart of this edition, we shine a spotlight on the success story of Oikocredit-Maanaveeya which is a social impact investor and worldwide coorperative with five decades of experience in promoting sustainable development through investments. With a wealth of experience and unique leadership philosophy of its Managing Director, Mirjam ‘t Lam, the company is making a huge difference in the direction of changing the world. Do checkout the full story and let’s know your thoughts via email.

With this special publication, let the beauty of falling leaves and the promise of cooler days inspire your business endeavors. As the rain clouds make way for clear skies, let your business strategies take flight to new heights. It’s time to align your offerings with evolving consumer trends and, much like the leaves, allow your business to flourish and adapt with the season.

We wish you the very best on this journey of transformation... until next time.

Human Resources Nivedita Basu Digital Marketing Manager Anurag Tiwari | Simran

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Publisher & Editor : Abhishek Kumar Dubey RNI No.: DELENG/2018/76695 Copyright © 2018 FanzineIndia, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations, Views and opinions expressed in this publication are not necessarily those of the magazine and according no liability is assumed by the publisher.

Kajal Dobhal Kajal@businessconnectindia.in

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We are also available on: www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

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Table of

Content

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20 Accion Labs

Lifestyle

9 Things All Successful Lifestyle Entrepreneurs Believe

“We are thinkers”, “We are designers” and “We are builders”

26

30 Fimer

Leadership Easy of doing business

Where Knowledge, Integrity, And Commitment Make a Difference

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36 Shaip

Growth

Ways To Build A Company Culture That Promotes And Retains Women And Minorities

An enterprise with a difference…

MAANAVEEYA DEVELOPMENT & FINANCE PRIVATE LIMITED

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Oikocredit, Social Impact Investor Fostering Sustainable Development through Responsible Finance

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Suquino

Mushroom Cultivation A Sustainable Agribusiness In India

44 Succsess story

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Innovation

A Reknowned Name Offering Sterling Services In The Iot Healthcare Domain

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Page No

42

48 Stewart F. Lane

Health

Correlation Between Health & Economy How Investment In Health Reflects On Economy

The Man Who Made Theatre a Digital Experience 7

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Oikocredit, Social Impact Investor Fostering Sustainable Development through Responsible Finance

O

COVER STORY

MAANAVEEYA DEVELOPMENT & FINANCE PRIVATE LIMITED

Furthermore, the strategy places significant emphasis on strengthening connections among Oikocredit’s members, investors and the cooperative’s activities in focus countries. This commitment aims to enhance Oikocredit’s role as a global movement and catalyst for change.

Kajal | Business Connect

ikocredit is a social impact investor and worldwide cooperative with five decades of experience in promoting sustainable development through investments. With its central office in the Netherlands and staff presence across the world, Oikocredit supports partner organisations in Africa, Asia and Latin America with loans, equity investments, and capacity building. The institution is guided by the philosophy of empowering low-income people to enhance their quality of life.

Oikocredit reaches an estimated 42.2 million financial inclusion end-clients and almost 2.59 million farmers. As an example of its work, the cooperative supported its partners in providing 121,000 homes with access to renewable energy thanks to investments made over a 12-month period.

Oikocredit is able to support its partner’s long-term finance because of its staunch community of investors and cooperative members. The cooperative has more than 49,000 investors at the time of writing. The company has three key focus/sectors /areas that may have significant outreach and impact lives of the excluded and marginalized communities. These areas are financial inclusion, agriculture and renewable energy.

Oikocredit has made community-focused loans part of its new strategy, going from concept to pilot and establishing initial partnerships in support of the community-focused approach. With its ongoing effort to achieve its goal of high social impact and sustainable development, the cooperative has evolved to become a significant player in the microfinance sector, providing financing to project partners in 33 focus countries.

Oikocredit operates through a network of 510 partners with € 981.1 million development financing outstanding, working in 55 countries currently where we have partners, however we are only focusing our work on 33 focus countries

The Genesis of Oikocredit

Mirjam ‘t Lam joined Oikocredit as the Director of Finance & Risk in November 2020 and as of 1 December 2021 has been serving as Oikocredit’s Managing Director. With 20 years of experience in impact investing and financial services, including commercial and strategic roles, as well as executive and non-executive governance positions, Mirjam brings a wealth of expertise to her position. Her experience extends internationally.

Prior to joining Oikocredit, Mirjam ‘t Lam served as the Chief Financial Risk Officer (CFRO) at Arise, an African investment company, for nearly four years. During her time at Arise, she played a significant role in the establishment of Arise, which was founded by FMO, Norfund, Norfinance and Rabobank.

Since assuming the role of Managing Director, ‘t Lam has been instrumental in establishing a new governance structure at Oikocredit. This structure comprises a Managing Board composed of four statutory directors and an Executive Committee consisting of the Managing Board members and six non-statutory directors. The Executive Committee is responsible for overseeing strategy implementation and the day-to-day operations of Oikocredit. The new governance structure has been designed to support the implementation of the organization’s 2022-2026 strategy, with a specific focus on enhancing decisionmaking, efficiency, effectiveness and fostering a stronger emphasis on social impact.

In collaboration with the Managing Board, ‘t Lam has played a leading role in crafting Oikocredit’s new 2022-2026 strategy through extensive engagement with internal and external stakeholders. This strategy prioritizes supporting communities in building resilience while continuing to concentrate on financial inclusion, renewable energy and agriculture as the cornerstone of Oikocredit’s work. Oikocredit aims to bolster community resilience by expanding and innovating its range of lending, investing and capacity building initiatives in sectors such as housing, education, healthcare, water and sanitation and community infrastructure. The organization’s community-focused approach remains grounded in learning from and collaborating with partners who directly serve low-income individuals, ensuring their interests and needs remain at the forefront. www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

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MIRJAM ‘T LAM | Oikocredit MD

The idea of Oikocredit emerged from a meeting of the World Council of Churches in 1968, where young church members proposed the creation of an ethical investment channel that promotes peace and global solidarity. The concept was seen as both innovative and controversial at the time.

Oikocredit Ecumenical Development Cooperative Society (EDCS) was subsequently established in 1975 to address the desire of church members to ensure that their investments were contributing to peace and beneficial development, particularly in the context of global issues such as the Vietnam War and apartheid in South Africa.

Oikocredit’s primary objective since its inception has been to support organizations that empower low-income individuals to improve their quality of life. It offers an alternative investment route for organization and individuals, allowing them to support sustainable development and economic empowerment for marginalized communities.

MIRJAM ‘T LAM Oikocredit MD

Over the years, Oikocredit has grown and expanded its reach internationally, providing financial services, loans and capacity building support to microfinance institutions, cooperatives, fair trade organizations and other social enterprises in various regions around the world. Its work aligns with the principles of impact investing, seeking both financial return and positive social and environmental impact.

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Dr. G. Gouri Sankar Maanaveeya MD

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Building a Successful Business Model

Oikocredit is a cooperative that unites thousands of people who are committed to enhancing low-income people’s quality of life in a long-term manner. The success of Oikocredit as a global cooperative is largely due to its committed networks of experts, volunteers and member organisations.

The city of Amersfoort in the Netherlands, is home to Oikocredit’s central office. Additionally, the cooperative has offices in each of the three priority regions—Africa, Asia and Latin America—with local specialists on staff who collaborate closely with their partners.

India’s Oikocredit International journey is a remarkable success story, marked by Maanaveeya’s ability to overcome significant challenges such as the 2010 Andhra Pradesh microfinance crisis, the 2016 demonetization, the 2018 ILFS default-led liquidity crisis and the nationwide lockdown due to Covid-19 in 2020. Maanaveeya, as part of Oikocredit, has consistently turned these crises into opportunities, emerging stronger and providing unwavering support to its partners and end-clients, helping them navigate through the difficult times.

Executive Committee: Oikocredit International is led by an executive committee that oversees day-today operations. The Supervisory Board is in charge of monitoring the Executive Committee.

Supervisory Board: The entire cooperative is governed by the Supervisory Board. The board has a balanced representation of experience, expertise, gender and geographical regions, representing many continents.

Insights on the Impact of an Emerging Pandemic

As the world recovers from the Covid-19 pandemic and confronts other profound and interconnected crises of climate, biodiversity, livelihoods, poverty, social inequality and war, the “new normal” appears to be characterised by uncertainty and change. All people are exposed to these crises, which invariably have a disproportionately negative impact on low-income people everywhere. In this context, Oikocredit’s work is more relevant than ever. Such issues have been at the core of the cooperative’s mission for five decades, with ethical investment in organisations that support low-income individuals and communities in improving their quality of life.

Oikocredit’s Core Values at a Glance • •

• • • •

People: Oikocredit supports organisations that create opportunities for financially disadvantaged people, regardless of their faith, culture, age, or gender.

Sharing: The cooperative provides a vehicle for meaningful sharing. An uneven distribution of resources, wealth and power can lead to conflict.

When the global community is prepared to share what they have, respect each other and work together, justice and peace can prevail.

Ecumenical spirit: Around the world, people of faith are willing to share their resources. Oikocredit forms part of that worldwide coalition of solidarity.

Grassroots: Development is more successful when it comes from the grassroots. People’s proposals and participation are essential to all actions and policies in Oikocredit’s cooperative culture.

Integrity: Mutual respect presumes honesty and veracity. Oikocredit is committed to communicating openly and honestly about all aspects of its own rules while keeping an open mind when listening.

Environment: Life depends on a healthy environment; hence, it should be conserved. Oikocredit contends that an equitable distribution of resources and power is necessary for maintaining a healthy equilibrium in nature.

Accomplishments and Achievements Along the Way

At the end of 2022, Oikocredit’s development financing portfolio totalled € 1,007 million. When looking at the breakdown across sectors; in financial inclusion, Oikocredit’s largest focus sector, the portfolio was € 767 million; in agriculture it was € 175 million; and in renewable energy the portfolio reached € 56 million. www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

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Maanaveeya Success Story

Maanaveeya was incorporated in 2004 as fully owned subsidiary of Oikocredit and is engaged in the business of development financing. It is registered as a non-banking financial company (NBFC) with the reserve bank of india (RBI). The company primarily lends to microfinance institutions (MFIs), NBFCs lending to micro, small and medium enterprises (MSMEs), renewable energy and development projects that benefit the poor. It is committed to responsible lending and meeting the needs of credit for development.

The company is professionally managed with the active support of Oikocredit, which has industry-leading systems and expertise in development finance. It has supported many small and nascent microfinance companies with debt funding. The funding helped these MFIs to grow and scale their operations and become reputed companies over a period.

Maanaveeya is still a wholly owned subsidiary of Oikocredit Ecumenical Development Cooperative Society U.A, The Netherlands, is a systemically important NBFC-ND with a capital outstanding of INR 17 billion (an equivalent of 190 Million EUR. Maanaveeya is a shinning star for Oikocredit in creating impact and sustainable financial performance.

Dutch Ambassador Mr. Marten Ven Den Berg’s Visit to Maanaveeya.

Members’ Council: The Members’ Council is a consultative and advising organisation that serves as a general representation of the churches, support associations and other member organisations, including social banks, which are members of Oikocredit.

Oikocredit’s Future Outlook The cooperative’s 2022–2026 plan, which was the result of significant consultation with internal and external partners, emphasises helping communities build resilience while maintaining a core focus on financial inclusion, renewable energy and agriculture. Through an expanded and innovative variety of lending, investment and capacity building in the housing, education, healthcare, water and sanitation and community infrastructure sectors, the cooperative will increase community resilience.

Oikocredit continues to put low-income people’s interests and needs at the centre of their new community-focused strategy, which attempts to avoid topdown solutions by learning from the bottom up with and from partners who engage with them directly. The plan also places a focus on fostering relationships with and among investors, members and the work they undertake in the focus countries to enhance the cooperative’s role as a global movement and leading impact investor.

The organization has diversified its exposure across 86 partners as of March 2023 in the sectors such as Microfinance, SME finance, renewable energy finance and agribusiness finance. It has also diversified its asset class in terms of risk categories. Most of the Maanaveeya’s assets are exposed to entities that are rated A and above. True to its philosophy of promoting diversity and inclusiveness, Maanaveeya supported, Profit and Not for profit entities.

During FY 2023, the company disbursed impact loans worth Rs 10,756 Million, which is 117% of the yearly target. The gross Loan portfolio increased by 20% by end of FY 2023 as compared to the same in the corresponding previous FY 2022 and reported as Rs: 16,638 million, which is 110% of the budgeted amount of Rs: 15,065 million.

The company reported gross profit of Rs: 906 million during FY 2023, which is 145% of the budgeted amount of Rs:626 million, as compared to the gross profit of Rs:577 million reported in the corresponding previous FY 2022, recording a 57% growth.

Maanaveeya’s strong governance structure is based on a multinational and gender-diverse board that steers the organization toward its vision. It’s equally competent and diverse management team devises strategies to ensure that the board’s mandates are fulfilled. Institutional strength reflects in the corporate credit rating (CARE A-) and the strong rating assigned by the RBI based on its inspection of Maanaveeya’s business.

Maanaveeya support the smaller organization to grow and create impact at large scale. Our support has helped many companies to become sustainable and profitable. On average each partner has received at two-three loans.

The company is one of the leading funders supporting high impact sector and segment like Renewable energy, Agriculture sector besides funding developmental NBFC’s to promote inclusive growth.

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Throughout the journey Maanaveeya has supported inclusive finance institutions MSMEs, innovative energy solution providers, NGOs and many others in fulfilling their environmental and social goals. Maanaveeya invests in people and planet by promoting strong ESG systems and processes.

Maanaveeya’s standards of internal controls, statutory compliance, risk management and ESG assessment of its partners lead to mutual benefit.

CSR Activities

Maanaveeya’s Board believes in the true spirit of Corporate Social Responsibility (CSR) philosophy and is committed to going beyond the prescribed provisions of Section 135 of the Act read with the Companies (Corporate Social Responsibility Policy) Rules 2014. The board decided to allocate more than the mandated 2% of profits for CSR activities to showcase their dedication towards society. The CSR Committee of Maanaveeya recognized the company’s role as a social impact investor and proposed increasing the CSR budget for FY 2022-23 to Rs. 100 Lakhs (approximately 2.3% of profits) to support additional CSR activities.

The company believed that by exceeding the regulatory requirement and allocating 2.3% to 2.5% of profits, Maanaveeya would set an example for other companies to follow.

Among the proposed CSR activities, the company identified clean energy and solar rooftop support as a potential focus area for Maanaveeya. If the company Maanaveeya would like to be known for one CSR activity, it should be clean energy initiatives.

The CSR initiatives inter-alia included 1.

2.

3.

4.

Supported M/s. LV Prasad Eye Institute for 40 KWP rooftop solar power plant to install on rooftop of LVPEI, Vijayawada branch, Andhra Pradesh.

Supported M/s. Akshayapatra Foundation for 50 KWP rooftop solar power plant to install at Akshayapatra Kitchen, Kandi centre.

Supported M/s. Rotary Club of Jubilee Hills for renovation and repair of Government School, Bhagavathguda, Rajendra nagar, Hyderabad.

Supported M/s. Narayan Seva Sansthan, Hyderabad with a lift (elevator), artificial limbs for 84 physically different people, skills training in tailoring for 60 participants (mainly for the differently abled poor and marginalized section, especially women) and rooftop solar power plant (20 KWP) to meet the entire NSS building utility requirement.

Awards

Maanaveeya won the Mahatma Award for CSR Excellence in 2022. The selection committee accorded this award to Maanaveeya because of the organization’s innovative thinking in multiplying its impact, by utilizing clean energy solutions and supporting institutions like Akshaya Patra Foundation and LV Prasad Eye Foundation, reputed for their social impact.

Maanaveeya was recognized by Team Marksmen as one of the most preferred workplaces in 2022-23 among two recipients from the BFSI sector.

Future Outlook

In terms of its future outlook, Maanaveeya maintains focus on its mission of empowering low-income people and communities who have access to limited resources and striving to achieve higher social impact. The organization is deeply attuned to the evolving needs of the impact investment space and remains proactive in responding to them.

Man of the Hour

Maanaveeya is setting new benchmarks and breaking new ground to realise its mission in India by increasing access to financing and non-financial support like capacity building for the partner organisations it funds. Oikocredit’s partner organisations, in turn, are able to provide support and opportunities to their clients, suppliers, members and employees.

Dr. G. Gouri Sankar is the man of the hour leading this well-known developmental finance institution with a demonstrated history of working in the financial services industry with institutions of repute. He is currently the Managing Director of Maanaveeya.

Dr. Gouri Sankar is an Agricultural Engineering graduate and has a doctorate from the Indian Agricultural Research Institute in New Delhi. Dr. Gouri Sankar worked with numerous international companies like SIDBI, Standard Charted Bank and World Bank Group, in a variety of roles.

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Maanaveeya continues to align its products and services to respond to the needs of its partners and the low-income people it serves. By staying responsive to these needs, Maanaveeya ensures that its initiatives effectively address the challenges faced by marginalized communities. With an unwavering dedication to creating positive change and uplifting society, Maanaveeya is well-positioned to navigate the future with purpose and adaptability.1 1 Reference: Financial figures are based on the Annual Report 2022 and Facts and Figures for Quarter 2, while social performance figures are derived from the Impact Report 2023.

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was a software tool for large companies by letting their regular computers connect to the enterprise database.

In 1996, Craig started working with Apple when it acquired NeXT. Omni Group Co-founder Will Shipley was working with Steve Jobs at NeXT at the time, and later he wrote that he had not anticipated to like Craig Federighi. in 2011, Will Shipley mentioned in the blog, “In-comes Federighi -the new guy- and he is like seven feet tall and gameshow-host handsome and he’s smiling like a used car salesman,” further, Shipley added, “I will admit it; I was prepared not to like him.”

“You naturally expect a tall, handsome guy to be, well, kind of a jerk,” He said “Like his ideas are more important than yours.

But what struck me so hard in that first meeting, so much so that it’s still in my head 17 years later, is that he was there to listen. And not just to passively listen – he wanted to make sure he understood what we were saying, yes, but also to get to the heart of it.”

In 1999, Craig quit Apple for corporate software company Ariba, where he was appointed as CTO (Chief Technology Offer).

By the time in 2009, he left Ariba and returned to Apple to work on macOS. His first physical appearance was at the WWDC event to give, what Craig called a sneak peek of MacOS X Snow Leopard.

In 2011, Craig Federighi succeeded Bertrand Serlet (Previous Vice President) as VP of Mac Software Engineering. In 2012, he was promoted as VP Of Mac software engineering at Apple.

Engineer

Craig Federighi

A key driving force behind Apple’s whopping growth

Craig Federighi, also known as “Mr. Hair Force One himself”, oversees all major development, such as Mac, IOS, and IPadOS. He is positioned as Apple’s senior VP of software engineering. Craig carries an enthusiastic and funny nature, as we have seen his popular presentations at WWDC and other Apple Events. He has more stage time than others, including Tim Cook. In 2016, he reported, owning over 500,000 shares of Apple stock worth about US$180 million in 2020.

Away from the public functions, he is reportedly a great communicator in private. In 2013, the wall street journal said that Apple employees must consider him a responsive executive, someone who replies and reacts to internal emails. His profile has an impressive “rising star” reporting that he tries to build consensus within teams all across the company.

EARLY LIFE Craig was born in 1969 in San Leandro, California. After holding an undergraduate degree from Acalanes High School in Lafayette, California, Craig attended the University, Of California, Berkeley, where he earned a bachelor’s degree from the electrical engineering and computer science branch. Also, he did his master in science stream from the same university. Craig got married in 2014. Now he has 4 children.

CAREER Craig Federighi was working with Steve Jobs at NeXT, where he led the development of the Enterprise Objects Framework (EOF) – it

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As Craig’s responsibility increased within Apple, his stage time at events improved more quickly. He now looks more confident, enthusiastic, and calm while being on stage.

However, not all presentations went well. In 2017, when Craig was introducing Apple’s new face ID feature, it embarrassingly failed to work on the first attempt. Before the event, several people had used the new iPhone. This is why during the demonstration, the face ID asked for a passcode because of several failed attempts, later Craig explained. It’s really embarrassing even it was not a failure. However, Craig headed straight onto a backup phone without being worried.

“

CRAIG FEDERIGHI ONCE MENTIONED,

“

Craig Federighi

We are showing the way to the industry, to the customers, that they can demand more – they should expect more- about the protection of their privacy, and that we can move the industry into building things that better protect privacy.

Craig Federighi is one the very few famous faces of Apple, who has been delivering such great products along with his teams. Apple has really great products, and when Craig introduces upcoming Apple products with his cheerful nature and explanation skill, it becomes more interesting to see.

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Accion Labs

“We are thinkers”, “We are designers” and “We are builders”

ASHUTOSH BIJOOR CTO

Gulshan Parveen | Business Connect

PREFACE

Recognized by Smart 50 Magazine for its efforts in innovation for multiple years, Accion Labs is a global innovation engineering company that uses emerging technologies, a range of accelerators, and a field-tested gated innovation delivery process to build transformational software. As Accion simply puts it, “We are thinkers, we are designers, and we are builders.”

Post earning a good name for itself, Accion is now being honored by our esteemed magazine ‘Business Connect’ as ‘Company of the year 2021.’

ACCION OVERVIEW

Accion strongly believes that today’s innovation is rooted in a deep understanding of technology levers. This is evidenced by the fact that disruptions in most industries were caused by innovations that were created by outsiders rather than incumbents from the industry and by leveraging technology as the primary disruptive factor. A phenomenon referred to as “Inversion of Innovation’’where technology Innovation steers business Innovation.

With a belief in this, Accion has strategically organized its many capabilities into distinct Centers of Excellence (COE). Each COE plays an important role during various phases of the product engineering journey and collaborates to solve business and technology challenges to maximize value for clients. The ability to admix various COE capabilities in fresh and inventive ways solves unique challenges, uncovers new opportunities, and unlocks hidden value.

Accion’s cornerstones of expertise include Architecture and Technology Platforms, Cloud Infrastructure, Data Analytics and Insights, DevOps and Automation, Human-Computer Interface, IT and Operations Management, and Product and Innovation Design. Employing these cornerstones, Accion builds new and leading-edge software or re-engineers and modernizes existing software. Sometimes, this existing software is simply maintained and enhanced, to prepare for future-forward developments.

WHERE IT ALL BEGAN

Traditionally, during the first wave of e-innovation technology firms practiced a “waterfall” type model. Firms would raise a large amount of capital and then proceed to complete a number of long sequential tasks; such as hiring an R&D team, defining product requirements, defining the development and production architectures, and then finally engineering and deploying the product.

Such a process was slow, cumbersome, and fraught with many risks.

As a result of these challenges, many failed to deliver value back to their investors. A trio of experienced technologists started reimagining the supply chain of software innovation, and on the heels of the early 2000’s, soon after the internet bubble burst, Accion was born. www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

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COVID -19

Founded in 2011 in the beautiful city of Pittsburgh, Accion Labs envisioned a better way of building commercial/scalable products in which the “innovators” used the “building blocks” of software and focused on assembling solutions versus building from scratch. Similarly, many hardware centric companies were already operating in this manner. Accion knew to assemble quality solutions (using software building blocks), a unique skill set was required.

As most can relate, the coronavirus pandemic greatly impacted how Accion operated and continues to operate business. For Accion, collaboration is an essential pillar for driving innovation and the company had to adapt to drive opportunities virtually following the sudden shift to remove work. The company continues to overcome this challenge by implementing safe and creative engagement opportunities through personal enrichment and education sessions, virtual celebrations, and volunteer opportunities. As always, the company endeavors to keep its employees involved and motivated.

Giving this vision life, a model was created which through engagement with Accion, software companies could rapidly build their products free of all logistics; hiring, facility set up, product testing, etc. Such a model enabled companies to deliver products early and avoid making early-stage fixed-cost commitments.

Currently and with proper safety protocols, Accion is slowly opening its office doors and encouraging employees to come together in person once again.

HOW ITS GOING

ACHIEVEMENTS

Since its original founding Accion has expanded its innovation engineering capabilities. Through organic growth and strategic acquisitions, 22 locations (and counting) are serviced worldwide and 4500+ engineers work to bring visions to life.

• • •

Presently, with this global infrastructure, Accion is helping 100+ clients reimagine their business ecosystem while making social impacts and increasing stakeholder engagement, happiness, and value. Such clients include enterprise organizations, tech startups, SaaS, and platform firms. Industry experience ranges across e-commerce, fintech, healthcare, hospitality, insurance, non-profit, retail /supply chain, telecom, to utilities and many more.

• • • •

Accion attributes its decade growth to word-of-mouth referrals; a direct outcome of consistently exceeding delivery expectations for its clients. To ensure and uphold excellent service, Accion’s approach focuses on quality engineering, inherently assuring that the best practices are implemented and adhered to.

Stratus Award for Cloud Computing - IoT (2021) Smart Business Magazine - 2018, 2019, 2020, 2021 Smart 50 Honoree Kinesh Doshi (Top 50 CEO’s in Pittsburgh) Smart Business Magazine - 2018, 2019 Innovation category award winner Pittsburgh Business Times Fastest Growing Companies in 2014, 2015, 2016, 2017, 2018, 2019 2019 Pittsburgh Business Choice Awards “Software Development” Kinesh Doshi was named Entrepreneur of the Year for Western Pennsylvania and West Virginia Region in 2015

by EY 2019 Pittsburgh Business Choice Awards “Software Development

PLANNING TO…

“Accion plans to continue to expand operations in Mexico and Romania, and strengthen its existing global locations.”

THE DNA OF ACCION

Accion’s motto is “Driving Outcomes Through Actions.”

Through a collaborative environment, solutions are sought for tomorrow and built today. An expansive and global network of various career backgrounds, cultures, and experiences, assimilate to produce world class outcomes.

KINESH DOSHI CEO

Accion treats its employees as its clients. Known among the Accion family as the “Employee=Customer” philosophy. It is only through the creativity, intelligence, and strong work ethics of its employees that Accion is fortunate to call some of the world’s leading technology companies their clients.

Beyond the office, Accion encourages a strong work / life harmony. Enjoying family and personal time, celebrating cultural holidays, household milestones, and Friday team luncheons are essential to connect and elevate employees and in turn induce quality productivity.

Standing with Ashutosh, and two founders, CEO, Kinesh Doshi and VP of Sales , Tony Kernan, a dynamic leadership team drives the success of the company.

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9

Things All Successful Lifestyle Entrepreneurs Believe

Lifestyle

They create a connection with their consumers and try to understand by listing consumer’s feedback. Most big brands and businesses don’t take the feedback seriously. But the truth is, taking feedback from customers and solving them as much as possible, it takes your company to the next level. A real successful entrepreneur makes a decision with the help of company members as well.

So, if you are think waking up in the morning and watching motivational speeches will keep you motivated all the time. it might be true, but not all the time. a successful entrepreneur generates habit and system which helps them to remove the negativity.

Failure is an ally

We have heard that learn from past mistake to create a better future. This habit has owned by every successful entrepreneur. they don’t give up very easily if they get failed, they change the direction by implementing the old idea. most people lose hope after getting failure in the business. But we have to keep in mind that, if you are trying to change the system or solve the issues which have been facing people for a while, it will take time. here I would like to tell you a quote that a successful entrepreneur considers.

“Success is not what you have, who you are.” Bo Bennet

Believing in building relationship

Successful lifestyle entrepreneurs own three strategies to build a relationship to get succeed in the business. First diversifying the network, they insist on their self to go beyond people in their current circle. They want to connect with at least one supplier, a competitor, and a customer. Next step they like to make a relationship with an unrelated organization like media and government. Second focus on the business landscape, a successful entrepreneur pays attention to bonds, a network that portrays their community, and loyalty. It helps them form a durable and powerful network to maximize business interests. Apply time, quality, and resources to key social subjects, one the most important thing you have to believe in it, it is called building a constituency of relationship with every induvial who like share beliefs, goal, and passion.

“Failure is simply the opportunity to begin again this time more intelligently.” Henry Ford

Competition is healthy

No matter what are you doing, competitions are everywhere. Most people feel fear because their clients have been stolen by someone else, some other company has reduced the market price and many others. people thing doing a competition in the market means, butchering other businesses. However, a successful entrepreneur doesn’t get scared because others doing better. They like to chase the goal according to the plan, keep adding skills, try to identify the market needs and quality and take action.

Integrity and trust

A successful entrepreneur sees as a great leader new people who want to be like them, they see as a role model, I read somewhere that honesty and integrity are two important things that will give you leadership quality in a business. Integrity means, doing the right thing. as a successful entrepreneur, you get criticized by several people and competitors. People think that honesty and integrity can’t be related to leaders or businessmen. However, real businessmen or women don’t care about anything at all. they know what they doing to make the better place.

A

new start-up involves different kinds of activities restated for organizing the organization. the process includes developing the concept, researching potential ideas for success, and writing down the business plan, that’s all Entrepreneurs do. However, we all aware of the business reports. According to Oxford Economics, around 90% of businesses fail within the first five years. This negative feedback may demotivate you. But don’t give up on your dream. to follow the dream, we find a role model so that we can focus on our work. When we see successful people, we become curious to know about them.

Today I want to discuss 9 things all successful lifestyle entrepreneurs believe, I’m sure after know these nine things, you will change your mind set up and become a successful entrepreneur.

Value is the key to get success

Successful entrepreneurs believe in giving values. First, they try to understand market needs, then, full fill the target. www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

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“The best way to predict the future is to create it.” Peter Drucker

Treat as an asset

A real successful entrepreneur keeps their promise, if you ask about giving promise they think very carefully, even reluctantly, However, once promise they like to go through.

How do you treat your assets? I’m sure everyone treats generously. We all know that health is wealth. Having a healthy diet will make us feel energetic. A good entrepreneur treats their self as an asset. This is why they would like to take care of themselves by consuming great nutrition, doing physical activity. They like to read books to exercise their brains.

Believe in the power of focus

They don’t point finger at their self

We want everything perfect to start a business. However, a real entrepreneur thinks very differently, they think it is good to do one thing than perfect at everything. Because they know that business is not all about good at everything. They focus on one thing that they are into it, they would love to cross the limits and grow the company with a unique skill. They like to hire employees or virtual assistance so that the rest of another plan can be managed. Because they have a strong belief that there are outside of people who are better at it.

“Your greatest asset yourself treat it like a billion-dollar investment.” Kaoru Shinmon

There is no magic

Successful entrepreneurs don’t believe in the miracle or some other kind of instant. Because earlier time they have got stumble upon a great idea. they have struggled years and given the effort to handle the situation. you are not going to become an entrepreneur expecting that you will get a magic lamp one day. However, you have the ability to create magic by pouring effort and using your skills.

Successful people believe that if you are wishing to carry unseen elements to become a success, your business becomes a disaster.

Motivation is a dead end

Now, it is most surprising that a successful entrepreneur doesn’t need motivation and neither requires willpower.

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FIMER

Where Knowledge, Integrity, And Commitment Make a Difference

“I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that.”- Thomas A. Edison.

Without a doubt, renewable and solar energy, in particular, will play a crucial role in helping countries across the globe- to achieve ambitious carbon reduction targets. The International Energy Agency (IEA) has forecasted that exceptionally high-capacity additions will become the “New Normal” during 2021 and in 2022, with renewable accounting for 90% of new power capacity expansion globally. In addition, the agency also stated that solar PV development will continue to break records, with annual additions reaching 162 GW by 2022.

For this exclusive read, we sat down for a virtual coffee session with Filippo Carzaniga, the Executive Chairman (BOD) of FIMER that has been revamping the renewable energy sector with its extraordinary services. Striking up the conversation, Filippo shared numerous extraordinary facts and inspired the inception story of this venture. In a global scenario where the demand for renewable energy is constantly growing, FIMER is among the top leaders concerning the manufacturing of energy conversion solutions worldwide.

FIMER is the fourth-largest, tier one, renewable energy equipment supplier in the world with more than 25 years experience in the solar sector. Specializing in solar inverters and electric mobility systems, we have over 1100 employees, including 300 service personnel working worldwide.

and the UAE as well as countries including Jordan. We are amongst the leading top three suppliers for central inverters and have been making steady and upward inroads into the string inverter market as well. In India, our facility has been a global manufacturing centre for utility-scale application products as well as being one of FIMER’s R&D centres. We manufacture central inverters in our Bengaluru plant along with battery energy storage converters and microgrid energy storage products. Our factory in Bangalore is the largest supplier of locally-manufactured solar inverters in India, with an annual production of more than 5GW (gigawatt) with the latest infrastructure as well as testing facilities. FIMER supports local employment and the Indian factory operation is driven by a local team. This world-class facility has set a benchmark in India for other manufacturers to follow suit.

The same factory is also delivering outdoor central inverters to markets around the globe, supporting India’s ambition for excellence in exports.

Based in Italy, FIMER has a presence in over 20 countries together with local training centres and manufacturing hubs and is active in more than 100 markets. It has three R&D centres - two in Italy, one in India - staffed by 200 experts. Almost 90% of FIMER’s business is solar, with more than 12 GW of solar inverter capacity and a 55+ GW installed base. We also have an active and growing EVI line of business, which was established in 2017 and has now installed more than 54,000 charging stations.

In India and the Middle East, we are one of the most experienced solar inverter players in the market and have had a presence here since 2010-11 and also have an established presence in Dubai

INCEPTION TALE FIMER started as a welding business in 1942 before developing its first solar inverter technology forty years later in 1983. Over the next 35 years, it expanded its operations globally in countries, including Algeria and across central and south America. In 2018, it established its EVs infrastructure division and made the grand announcement of acquiring the solar inverter business of a global company (ABB) in 2019. The acquisition was completed in 2020 and made FIMER the fourth-largest renewable equipment manufacturer in the world.

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The company has a great vision to shape a new and powerful energy model that uses the power of the sun to drive progress and prosperity for a cleaner and sustainable world. As a global leader in renewable technology, the FIMER team has the energy to make positive change happen. They are committed to leveraging the energy playing field to serve growing demands with clean, affordable energy that truly benefits people and places.

EDGE OVER OTHERS

“You can’t look at the competition and say you’re going to do it better. You have to look at it and say you’re going to do it differently.”

FIMER is a global supplier of solar inverter and storage technologies across the residential, commercial and industrial (C&I) and utility-scale sectors. The company also has an extensive portfolio of e-mobility platforms, including chargers and wall-boxes. At a global level, FIMER prides itself on combining it’s ‘Made in Italy’ heritage with a global footprint.

This exceptional professionalism is reflected in the raft of new platforms they have introduced across all four business lines that bring together the best of Italian design with the latest technological innovations.

Recently, FIMER has launched its flagship products such as PVS10/33 for the commercial and industrial market segment, the PVS-350-TL for the utility segment and PowerUNO and Power TRIO inverters and PowerX storage system for the residential market.

At present, the exclusive projects that FIMER is heading range from airports to breweries to floating solar parks, which are extended to a diverse array of various climates and topographies- be it from deserts to the Antarctic. Owing to the utmost flexibility and durability of their solutions, their installation is quite effortless and versatile.

Moreover, FIMER also owns 54,000 EV charging stations that have been installed globally and in India, the leadership team has recently commissioned its very first pilot project with the installation of FIMER’s EV AC wall box at the prestigious IISC in Bengaluru. Additionally, they have been prominently active in energy storage products formulation that has several solutions for residential and utility segments. In this direction, they have already commissioned a 15 MW system with a 6 MWhr storage facilityone of the major ones in India.

The dedicated and industrialist team is optimistic about making a difference with the innovative products and leading the way for growth in the country.

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Leadership

of doing business

What is the importance of doing business ranks?

Ease of doing business is vividly evaluated by investors. When they try to invest money in any country or start a firm. In a short way, the country’s GDP will start to increase rapidly. Here are the top 10 doing business ranking countries such as New Zealand, Singapore, Hong Kong, Denmark, Korea rep, United States, Georgia United kingdom, Norway, and Sweden. In these countries, anybody can start a firm very easily.

India’s performance in 2019 :

Overview:

India has performed well in 2019. According to EODB Rank, India has got 63 out of 190. If we see the past history of doing business ranking that clarify the improvement. So let’s have a glance.

As we all know a new startup requires a lot of work and effort to stabilize the business, but that’s not enough, to sustain business growth we also need good resources such as finance, acceptance of social norms, proper market conditions, labor, and many others. That means, we have to research about the places where we are trying to start a business. One of the most important things, check out the country rank ease of doing business. Ease of doing business Index clarify the right business environment countries. The index tells us how easily we can get resources.

• • • • •

In 2005, India had 116 rank 2005 to 2014 India had 142 rank 2014 to 2016 India got 130 rank 2016 to 2018 India received 100 2019, India has 63 rank.

Apart from India other best performers such as Saudi Arabia 62, Jordan 75, Togo 95, China 31, Pakistan 108.

An Insitive of the government of India:

What is the Ease of doing business?

Ease of doing business is one of the most effective Index created by two economists simeone Djankov and Gerhard Phol.

Every year the world bank publishes ease of doing business index, this rank indicates us, How effortlessly you can start a business in a country. This rank is the aggregated figure which includes 12 different parameters. Recently ease of doing business 2020 report is released and showed 190 countries ranking. For your information, empirical research invested by the world bank to explain their work show.

Measure in ease of doing business:

A lot of Insitive ideas have taken by prime minister Narendra Modi like the start-up India, make in India and many others. The camping was started on 15 August 2015. Although, these action plans are not working anymore. The government needs to implement those ideas and relaunch them. Recently, the government has cut off the corporation’s taxes. Moreover, GST service is giving relaxation to businesses.

As I have mentioned earlier that rankings lists are made based on a country’s performance on 12 different parameters. These parameters are captured by small and mid-size companies experiences in a country.

Here are 10 parameters that are used for calculating ease of doing business.

1.

2.

3.

4.

5.

Starting a business Dealing with construction permits Getting electricity Registering property Getting credits

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6. Protecting minorities investors 7. Paying taxes 8. Export-import across the border 9. Enforcing contracts 10. Resolving insolvency

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A GLANCE OVER THE USPS

When asked to reveal the differentiating characteristics of the platform offered by Shaip, Vatsal responded by saying, “Our platform supports 150+ languages, text, audio and images where we prove our expertise in data collection by customizing the solutions as per the client’s requirements. As a proprietary Data Collection App & Platform, its efficacy has ensured a sheer repetition of several projects from Fortune 500 customers. Owing to the low-cost data sourcing and cost-effective resources hailing from emerging geographics, Shaip has made its steadfast commitment to the targeted audience in the most affirmative manner.”

IN SYNERGY WITH TECHNOLOGY

Shaip

An enterprise with a difference…

Gulshan | Business Connect

I

n line with our ‘Company In Focus’ issue, Shaip has been recognized as one of the outstanding service providers that have set major benchmarks across the industry with their exclusive offerings. As we sat down for an informal conversation with the CEO - Vatsal Ghiya, we came across some phenomenal insights into the Artificial Intelligence industry. This freewheeling conversation with him gave us valuable nuggets of knowledge that we believe will help our readership bag better insights of the AI World.

THE PREFACE

Shaip is a comprehensive data management platform designed for organisations that are looking to solve AI-related issues to ensure a smarter, swifter and better workflow. The company has been supporting all aspects of AI-training data by seamlessly scaling the client’s people, platform & processes to develop AI/ML models. Shaip has many clients, including Fortune 500 companies such as Amazon, Google, and Microsoft. The company has put forth a diverse range of services such as AI Training Data Collection, Data Licensing, Data Labeling / Annotation, Data Transcription and Data De-identification.

It stimulates value, insights intelligence to induce business scalability by catering end-to-end AI solutions. All of this has been made possible by offering a unique combination of humans-in-the-loop platform, proven processes and skilled people. Their forte is to create, license and transform unstructured data into highly accurate and customized training data for the clients embarking upon the challenging AI initiatives.

Moreover, innovation, invention and progress are stimulated by a seamless R&D process, affirms the CEO. He states that it is a first-mover advantage to stay ahead of the curve and get a leading edge in any market. In this direction, the development of productive technologies posing cost- optimization and automation has always been their focal points to invest in.

A culture channelizing positivity The thought leadership at Shaip makes consistent strides to build a healthy and nurturing culture by setting up solid systems via personal development pieces comprising training, channelizing energy, motivating employees, for which, a work culture promoting work-life balance is the mandate. The cultural principles on which the company thrives are - integrity, learning attitude, consultancy, and practising what you preach. All these values have allowed them to earn the trust of the customers, maintaining their reputation in the targeted market.

Shaip has ensured an exclusive 3-way approach1. Platform: Shaip’s web-based platform has been proved to be an instrumental part of every project. Relying on full end-to-end integration simplifies workflow, reduces the friction of working with a distributed global workforce, inducing better visibility, real-time quality management and immaculate partnerships.

2. People: With its robust team of 7,000+ collaborators consisting of credentialed project management, technology teams & task-groups work on Data Creation, Annotation, Sentiment Analysis, NER, QA, etc., team Shaip well acknowledges the nuances of the client’s businesses to add significant value- be it individually or collectively where high-quality is the foremost priority.

3. Process: When it comes to processes and policies, Shaip is defined as encouraging open communication targeting- scale and quality. For impeccable processes, the dedicated team of 6 Sigma Black Belts strives every nerve to introduce a set of processes allowing short feedback loops and promoting a rapid time-to-market. www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

Vatsal explains that Shaip has firm access to the best resources and tools if it comes to being in sync with the tech advancements. The tech team of the company is in constant touch with the industry experts, influencers and thought leaders dominating the technology space. Every team member is ensured to regularly undergo certification courses and be part of the relevant events to be in harmony with the tech-trends happening across the market. He concluded that the teammates also make individual efforts by considering tech forums, social media and tech blogs to upgrade their existing knowledge.

several milestones while bagging multiple recognitions. From being the fastest-growing tech company with a 7X growth rate in terms of revenue to being self-funded yet cash positive from day one, Shaip has seen exponential growth. What started as a 2 employee company has now turned into a firm with a 130+ headcount within 15 months only. Additionally, they are already in talks with some of the leading Venture Capitalists in the US for Series A funding.

A few of Shaip’s considerable achievements have been mentioned below• Shaip has been awarded - Leading Innovators in Data Licensing & Sourcing 2020 and Best Scalable AI Platform Start-Up 2020 hosted by Wealth & Finance published by AI Publishing.

• It has bagged recognition as the Most Empowering AI Initiative Developments Facilitators 2021 in North America Business Elite Awards by AI Publishing 2021.

• Shaip has been featured as one of the Most Promising Data Annotation Companies to Watch out for in 2021

by Silicon India.

• It has been featured as one of the Best Data Annotation Companies for Machine Learning by AI demands.

• Shaip has also been acknowledged as one of the leading vendors by Data Magazine UK in the Big Data category.

• Shaip was identified as a leading

vendor in the AI space by start-up tips.

CSR INITIATIVES

All the CSR initiatives ensured by Shaip have contributed to the sustainable growth of the society along with focusing on their core values. Business profits have never been their priority instead people-centric approach is what exists in their DNA. Vatsal claims, “We aim to promote sustainable development in the market and strive to make a difference within the community that we live in.”

With the insightful approach to start the waves of change, the leadership team has introduced- PRAYAS... Ek Soch. This has been done in recognition of the fact that as a fast-growing organisation, they have an obligation to society and contribute to its growth- environmentally, ethically & economically. Under the umbrella of PRAYAS, they have started a dedicated blood donation camp, tree plantation drive, sponsorship education, cloth, food and book distribution campaign,etc.

UPCOMING ENDEAVOURS

The core leadership team of Shaip has envisioned building an Integrated SaaS Data Platform that endorses every data type i.eText, Image, Audio, Video, and offers different services such as Data Collection, Labeling, De-identification, Transcription round the clock. The platform will be supported by managed workforce in real-time from all across the globe as the ‘additive’ propositions in their solutions soon.

“We all learn every day and enrich ourselves through healthy discussions to gain insights or advice from leaders who have the requisite experience.

People don’t do what you say, they will do what they see their leaders do,” conveys Vatsal.

Vatsal Ghiya CEO

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NOTCHES ON ITS BELT

Within a short span of time, Shaip has witnessed a manifold expansion in terms of its growth. And throughout its journey, the company has crossed 33

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Growth

WAYS TO BUILD

A COMPANY CULTURE

THAT PROMOTES AND RETAINS WOMEN AND MINORITIES Most of the Companies have been trying to improve their diversity at workplace, from decades this problem is in concern. The most common techniques among all are promoting the workplace for women and minorities who are working under the suppression and bias. The numerous women and other people who are facing discrimination by the leadership roles are still staggeringly low across every industry. Therefore, we need some of the ways and new techniques, for making the work culture sound and systemic to the ways businesses are run.

Hereby, many companies focus on making the small adjustments on to how performance and evaluations are done, but a very few works for the equality in workplace.

Focus on the middle manager You can keep on focus by adapting some of the new policy time to time that strengthens the trust and communications between supervisors (Middle Manager). Those feminine and minorities that work under them, a real manager always helps to improve the work culture for all parties involved. That took an emplacing to those, who are in middle management positions and can provide a company with a clear sense of the challenges that need to be addressed for employers.

They should always ask their employees for referrals and team connectivity, since they will also have peers in the industry and some of the friends they want to make team. If any position is vacant or they know any the qualified candidate who may be looking for work then they can connect them with managers. This type of relationship can also help new employees adjust to the move by referrals.

Let us discuss 5 ways by which you can build a company’s culture that promotes and retains women and minorities:-

Promote a clear vision of leadership

Make a Council Consider the team meetings by forming a council that comprises a dedicated group of key officials and influential leaders who are one or two levels below the CEO i.e. Managers and team leaders. For making the best ethics which are in favor of feminism majority and other minorities, these official can listen and act well to maintain the ethical chain. The company must carefully select them for their passion and commitment to inclusion.

Some of the executives should also host, office hours where every employee can walk in and talk to anyone by one-onone understanding. The company needs to block one to two hours on their calendar monthly for such office hours and make it known at the hands of company.

Some of the Tools like Culture amp and Survey monkey are very helpful in surveying employees at scale, but be intentional in what you’re looking to measure and improve.

Make Policies and Ethics Some of the attracting policies for the employees like flexible working hours, proper ways like the ability to work remotely, and most importantly, being able to take the time off, when they have some important life events or circumstances. Every work culture needs to allow their people to be themselves and to provide necessary freedom of speech whenever you do not feel to say matter.

Therefore, if someone having care benefits, especially pregnant women- like childcare or maternal sabbaticals leaves. It should be always a flexible leave for employees to take care of a family member or ill loved ones to go a long way in making employees feel supported and build loyalty. These are just a few suggestions; invest in listening to your people and understand what will make their life less difficult. www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

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The true vision of leadership starts from making sure that the women of the workplace can see themselves as leaders at your company if they are in a good position. The company itself is to be sure that your definition of a leader isn’t so narrow that it excludes ethnically diverse women and unprivileged persons.

For those instincts, you need to provide the “Diversity” training in your workplace. Therefore, all the employees should understand the hiring decisions are based on finding the best candidate not by bias and not by any quotas.

Making the recruiting process more transparent can help ease the minds of employees and gives a clear vision to your business idea.

Beneficial flexibility to the workforce You have to encourage the current leaders at your company for taking the extra step to connect with employees by all means. Employees who are culturally and racially different from them, rather than expecting them to suppress or change in order to fit the majority of the office culture leaders must have mold and culture others for them.

They can easily offer the benefits such as onsite day-care things, childcare subsidies which include the flexible schedules, and also let new hires know the fact that your company is willing to accommodate your cultural and religious holidays and you will get a diversity-friendly workplace apparel choices.

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A REKNOWNED NAME OFFERING STERLING SERVICES IN THE IOT HEALTHCARE DOMAIN Avishek Singh | Business Connect accuracy, and recovery. This unique platform is vendor-neutral, HIPAA compliant, and secure as well.

Providing a suite of biometric measurements(basic vitals, waveform, and imaging measurements) with real-time consultation, it is assisting the physicians to employ the right support to patients.

Ravi Amble | CEO & Founder

T

he Healthcare industry is assisting society with its standardized products and services by rescuing people from adversities put forth by the global pandemic. Creating harmony in the processes with the latest trends of the market, many players have pioneered in the relevant field providing exemplary services to their clients. Aiming to revolutionize the healthcare industry with its uniquely ubiquitous offerings, Suquino, Inc. is transforming telehealth with ‘Saffron’, which is a Machine Learning/ AI driven PaaS platform. The Company offers this exclusive platform, that integrates with the third-party medical devices, systems and software, to enable holistic and remote care in real-time within a connected care ecosystem.

EXCLUSIVE OFFERINGS- PROBLEMS THEY ARE SOLVING There are many disparate systems of patient care-provider, caretaker, specialist, payor and many more, that can slow down the process of diagnosis and caretaking, impacting the understanding and treatment of patients. Alongside this, a fragmented ecosystem emerged from the outdated legacy systems and silos of data from multiple devices, failing to offer a solution for the holistic needs of people, including access to physicians and caretakers and more personalized medical care. The rising healthcare costs have impacted the health and productivity of the workforce and population adversely. Saffron helps to enhance patient’s health, diagnosis speed and

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ABOUT THE KEY OFFICIALS AND THE INSPIRATION BEHIND THIS VENTURE Being an accomplished business technologist and entrepreneur, the Founder and CEO, Ravi Amble acquired more than 15 years of experience in building telehealth networks in the IT industry. He has been well-recognized as a pioneer-entrepreneur in Telehealth domain springboarded by NASA, by building one of the the largest telemedicine networks in the world with the opportunity provided by the Indian government and ISRO. The success of this led to building the Pan-African telemedicine network as well. The ubiquitous, diagnostic-level PaaS platform constructed by him- Saffron, represents a next-generation telehealth system that brings interoperability among legacy systems and third-party medical devices to global healthcare networks.

Global VP of Business Development, Meredith Sossman has more than 20 years of experience in health care device legal defence, FDA regulatory consulting for early-stage medical device and pharmaceutical companies, and international legal experience in health-related risk management. Meredith holds a telehealth facilitator certification from Sidney Kimmel Medical College of Thomas Jefferson University.

Her strategic planning in execution has been praised by client organizations as “authentic, results-driven, and insightful.”

After experiencing struggles in personal healthcare and family losses, the adept team of Suquino became focused on making a platform that is durable and can

serve the chronic care to the ageing population. Their efforts were converged on to render care with dignity and offer a better quality of life. The unique architecture of this platform allows it to fit seamlessly into any healthcare ecosystem and bring together, not only the software and medical devices, but it also allows doctors and caretakers to connect with patients anywhere in real-time to deliver diagnostic level of care. This platform can utilize biometrics and its evolving AI/ML engine, Ginger, provides physicians and healthcare professionals with immediate data processing at the time of treatment to assist in diagnostic and care plan decision support for better.

ENSURING COMPREHENSIVE MEDICAL FACILITIES The whole world has been hit adversely by the COVID19 pandemic and amid this alarming situation, it is the need of the hour to come up with some exclusive healthcare solutions.

The ace Founder of the Organization says, “The COVID-19 crisis has forced the world to witness a global expansion of telemedicine, but Saffron is a unique solution that allows patients to remain safe at home and still receive a holistic and personalized diagnostic level medical examination from the relevant physicians. Patients, who otherwise would have been forced to go to hospitals and risk exposure to COVID-19, are prominently using the Saffron system to remain safe at home, and receive full medical examination and treatment without any risk involved. It is a ubiquitous, diagnostic-level platform that can interact and bring together the myriad of medical software, third party devices, mHealth wearables and put that data in one place for seamless, secure sharing and transfer of information about a patient. Doctors can now stop performing data entry in multiple areas and have one place to bring together the holistic view of their patients to drive better diagnosis and care options for their patients using Saffron.”

Ravi Amble, Founder & CEO

Meredith Sossman | Global VP of Business Development ACKNOWLEDGING THE NEED OF R&D The Founder understands the significance of Research and Development that can efficiently help the organization in scaling the heights of success. AI/ML is an evolving arena and the Firm has recently learned a great deal about the ethical use of machine learning, especially in medicine. The team is committed to offering a worldclass diagnostic support engine, but knows that no computer will or should replace the judgement of a doctor.

AI/ML could serve as the decision supporters but not as the decision-makers.

The Founder says, “We believe that there is no better calling for us than to provide this service to the healthcare global community to serve humankind.”

ACCOMPLISHMENTS TO BOAST OF Suquino has efficiently expanded its dimensions by earning global co-creation partnerships with Microsoft Corporation and has also been featured at their ‘Inspire 2019 Conference’. The team of the Firm is privileged to see the Saffron system that is displayed at the headquarters of Microsoft in its Customer Experiences Center. Along with this, Suquino has also earned global partnership with Advantech and also provided an RRK ready solution for Intel. In March 2020, ‘Saffron’ won the ‘Peer-Reviewed Health Value Award’ from the Validation Institute.

The intelligent platform- Saffron can converge disparate medical data stored in systems that do not, or cannot easily communicate. Saffron’s ability to act as a medical data information system allows physicians, researchers, pharmaceutical trials and other healthcare professionals to bring collective learning together to serve patients and our community to improve outcomes and share important health insights.

WORDS TO CONVEY “Nothing compares to the value of your team, their dedication and willingness to turn the impossible into possible.

The dedicated team of Suquino knows that vision, hard work and perseverance will ensure our mission of providing affordable, on-demand, outstanding healthcare for everyone, everywhere comes to fruition.”

Meredith Sossman, Global VP of Business Development

INTENDING TO SERVE MANKIND With a team that has more than 150 years of experience in healthcare and technology, the Firm has professionally and personally invested in helping everyone to have access to on-demand, affordable healthcare.

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Innovation

MUSHROOM CULTIVATION

A Sustainable Agribusiness In India “One of the major agricultural industries on the earth is mushroom processing.”

Agriculture is vital to the Indian economy. According to the Economic Survey 2021, the share of agriculture in India’s GDP has increased to almost 20 percent in 2021. Farming in the traditional way is no longer a guarantee of profit.

Through innovations in farming, farmers can increase their income if they wish.

Recently, the Indian Government’s industrial policy and innovative creativity have encouraged research and entrepreneurship in mushroom cultivation. It has a lot of potential as a money maker. It is light-independent, feeds on organic matter, and does not require fertile soil to grow.

Final Thoughts

India’s unemployment rate has risen to 6.8 % and the youth is no longer confident of jobs. In such a situation, the interest of the educated youth has shifted more towards sustainable agribusiness.

Farmers are making good profits in small areas by doing mushroom cultivation in a modern way. The Mushroom Cultivation Market is projected to be worth USD 16.7 billion in 2021, rising at a CAGR of 4% from 2021 to 2026, to hit a value of USD 20.4 billion.

Rajkumari Binita Devi, a mushroom cultivator from Manipur, is a great example of someone who was influenced by experience and was able to make a fortune and receive awards despite being an unskilled mushroom cultivator.

WHAT IS A MUSHROOM?

A mushroom (Kukurmutta in Hindi) is a fungus’ umbrella-shaped fruit. It is a tasty food that is enjoyed by both children and elders all over the world. It’s also known as “the future vegetable,” as it’s a guarantee against food shortages, hunger, and medicinal value.

With the increasing population across the globe, Mushroom demand has risen recently, because mushrooms meet the needs of health-conscious consumers and are a desirable alternative food, especially for vegetarians. www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

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Mushroom cultivation is now India’s most active and profitable sector. It is rapidly gaining popularity in India because it turns farmers’ hard work into benefits in a short period. Agri-entrepreneurship programs especially in mushroom cultivation that involve capacity building and access to funds for youth should flourish to solve India’s brain drain issue.

What today’s youth lack is the inspiration and entrepreneurship to see agriculture’s promise and prospects?. Youths are a source of creativity and a strong source of inspiration for others.

NUTRITIONAL VALUE OF MUSHROOMS

Mushrooms have a low-fat content and are high in simple carbohydrates. They’re also rich in digestible protein, high molecular weight polysaccharides, and a decent source of fibre, among other nutrients. Mushrooms also contain unsatu rated fatty acids, which account for more than 70% of total fatty acid content, as well as essential fatty acids, are low in calories, and high in vegetable proteins, minerals, and vitamins.

They also contain a lot of secondary metabolites, which may be useful in nutraceuticals, pharmacology, and medicine. Some mushrooms have anti-inflammatory properties that can help prevent diseases like hypertension, hypercholesterolemia, atherosclerosis, and cancer.

HISTORY

About 600 A.D., the first mushroom, “Auricularia auricula”, was cultivated. “Flammulina velutipes” is later cultivated in China around 800-900 A. D. Commercial mushroom farming has only recently begun in India, with Himachal Pradesh, Punjab, Haryana, Uttar Pradesh, Maharashtra, Bihar, Madhya Pradesh, Manipur, Tamil Nadu, and Karnataka leading the way.

Andhra Pradesh is a big producer of mushrooms.

Training of Mushroom cultivation in India Various government and 43

non-governmental organisations (NGOs) in India provide mushroom cultivation instruction. Dr. Rajendra Prasad Central Agricultural University, Pusa, Samastipur, Bihar and National Research Centre for Mushroom (NRCM), Solan, Himachal Pradesh are pioneer educational institutes.

A “Mushroom Cultivation Technology” online training program is also available. Farmers, as well as entrepreneurs, would benefit from training programs.

It is possible to have mushroom production three times a year because the length of 45 to 60 days is adequate for mushroom production. Diabetes flour, pickles, cookies, papad, and protein diet powder are made from mushrooms.

TYPES OF MUSHROOM

Button mushrooms, oyster mushrooms, and paddy straw mushrooms are the three primary varieties of mushroom harvest.

These mushrooms are important in their own right, and they develop in different ways using different techniques and methods. To grow mushrooms, a special bed known as a compost bed is prepared.

Cost of Mushroom Cultivation in India In India, the total cost of mushroom cultivation is around INR 1,50,00 0. Scrap Wooden Shelves (Rs. 20,000), Room Construction Costs (INR 1,25,000), and other Miscellaneous Costs are included (Rs. 5000).

www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

STEWART F. LANE

The Man Who Made Theatre a Digital Experience Has streaming become the new face of theatre? During the pandemic, the answer is definitely “yes.” Although the authentic experience of live theatre can only be enjoyed physically, digital platforms have ushered live entertainment to a whole new era and will remain a part of the industry post lockdown. Streaming visionary and six-time Tony Award winner, Stewart F. Lane speaks on this, “I have been involved with filming stage to screen productions for many years because I believe it expands the audience for Broadway”.

Lane is an eminent theatre producer with a decades long career of critically acclaimed live shows and he is co-owner of the legendary Palace Theater. In 2015, Lane founded BroadwayHD and it is transforming the Broadway industry by streaming full length shows on the Internet. BroadwayHD has often been referred to as the “Netflix for Broadway”. In it’s short history, BroadwayHD has made the Guinness World Record for the first live stream of a Broadway show, won eight Telly Awards, been nominated for a Webby, and amassed subscribers in 124 countries. Meanwhile, the average age for a Broadway ticket buyer dropped for the first time in over 20 years.

This change in demographics is evidence that by making Broadway accessible to a younger and more diverse audience on the Internet, it is motivating them to buy tickets to the live stage shows. BroadwayHD is proving to be a win-win for everyone who loves Broadway by serving the current Broadway fan and ensuring a strong audience for the future.

ONE-OF-A-KIND STREAMING PLATFORM BroadwayHD is a niche subscription streaming platform having full-length stage plays and musicals captured specifically for multiplatform viewing to theatre fans across the globe. BroadwayHD offers unlimited on-demand access to a library of 300+ theatre productions from Broadway to every subscriber. Every piece of content on the platform is a treasure as it had to cross several barriers before hitting the spotlight. The platform is engineered by a team of theatre enthusiasts, tech-experts and digital marketing specialists, whose combined focus resides on making theatre available to everyone. “The ticket-buying audience for the live stage shows is easy to reach and affluent. And theatre fans that could not afford tickets or get to the theater are thrilled to have access to a brand previously unavailable to them”, asserts Lane.

BroadwayHD’s Motto - “If You Can’t Get to Broadway, Get to BroadwayHD”.

BroadwayHD’s positive reviews, an enormous fan base and international recognition fuel its popularity for their digital filmed shows. The platform is barrelled with emerging innovations so that subscribers get access to a robust and dynamic library of continuously streaming content. Incorporating subscriber feedback and staying ahead of technology trends creates opportunity for new shows and builds a constant pipeline for streamed contents. www.businessconnectindia.in | Vol. 6 | Special Edition October 2023 INDIA

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STEWART F. LANE Co-Founder / CFO

Lane not only re-defined the theatre experience but has also given back to the theatre community. Lane serves on the Board of Trustees at Boston University, The Actors Fund and The American Theatre Wing. He has formed scholarship funds at Columbia University Business Graduate School, Boston University College of Fine Arts Undergraduate School and UMass among others. He has actively supported LaGuardia High School and many other performing arts schools across the US. In honour of his efforts, Five Towns College has renamed their business school the Stewart F. Lane School of Business for his contributions to the World of Entertainment.

Lane launched a Trailblazer’s Rail of Content on BroadwayHD to impart support to the marginalized voices – Women, LGBTQ and other under represented communities. BroadwayHD shines a spotlight on the under represented so that they are encouraged to pursue similar opportunities as the established artists. In his journey to revamp theatre culture, Lane aims to infuse his platform with engaging content and cement his ultimate goal of creating accessibility for all. He further comments, “I look forward to more vibrant content and my place as a mentor and advisor to inspire the next generation of theatre-makers and audiences.”

A COURTEOUS AMBIENCE ‘Safety’, ‘Respect’ and ‘Community’, these are the three core values that uphold BroadwayHD. Lane envisioned this platform not only to propagate the splendour of Broadway but to empower theatre enthusiasts as well. At BroadwayHD, whether it’s employees, the subscriber’s data or content – everyone and everything exult a wholesome environment. The cohesiveness amongst these propels the brand to a broader community and helps it thrive. Every team member puts forth an equilateral love and appreciation for the theatrical productions and responsibly protects and promotes that content. A lot of Lane’s and his team’s efforts go to live stage shows but still, they manage a work-life balance by spending time with their families on weekends and vacations.

WORDS OF WISDOM BY STEWART F. LANE

LIVE THEATER BACKGROUND Lane’s motivation in establishing BroadwayHD is driven by an exceptional career in the theatre arena. His passion and love for theatre started in childhood after seeing Neil Simon’s “Little Me” on Broadway. Making up his mind to pursue a career in theatre, he attended Boston University and received a Bachelor of Fine Arts Degree in Acting.

After five years starring in regional theater and touring productions, Lane wanted to return to New York so he set his sights on producing. Lane worked on Broadway as an Assistant House Manager and eventually secured a position working for his mentor James M. Nederlander.

BESTOWED WITH REVERENCE AND ACCOLADES Lane’s eminence and experience make him a connoisseur of his segment and constantly powers his goal to re-define Broadway shows. Through his media technology platform, he has sculpted the long-standing art from an elitist form to an art form accessible to everyone. “Our shows are priceless, and we treat them that way and our content partners appreciate that and the subscribers adore it”, Lane exclaims wholeheartedly. He has produced the Olivier winning Top Hat, and Olivier Nominated musicals ‘Thoroughly Modern Millie’ and ‘Ragtime’, and the world premiere of JFK: A musical Drama as well. His longlasting stretch has fostered many more timeless shows and shaped him to the pioneer he is.

Lane’s experience and love of live theater has led him to his place as a theater historian. Lane has authored the books - Black Broadway: African Americans on the Great White Way, Jews on Broadway: An Historical Survey of Performers, Playwrights, Composers, Lyricists and Producers, 2d Ed. and Let’s Put on a Show! Theatre Production for Novices. These books are a holisticguide to anyone aspiring to a career in theatre production and those interested in the rich history of theater.

Lane was bestowed with the Guinness World Record in 2016 for premiering the first Broadway Show (She Loves Me) as a live stream. He has received - 4 Drama Desk Awards, a Drama Critics Circle Award, an Outer Circle Critics Award and a Drama League Award. His productions and talent are further conferred with the prestigious Ellis Island Congressional Medal of Honor, The Actors Fund Medal of Honor, The Jewish National Fund Tree of Life Award, and many other prestigious awards.

in yourself – it is the best investment “ Believe for your career and life. Be sure of what you are doing and the audience you are attracting.

And always be ready for a roller coaster ride of winning and losing!

”

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Health A HEALTHIER INDIVIDUAL AFFECTS THE ECONOMY IN THE FOLLOWING WAYS:

CORRELATION BETWEEN HEALTH & ECONOMY

How Investment in Health Reflects on Economy There is a well-understood relationship that when you are healthy, automatically the country’s economy improves as well, your health performance is fully reflected in both the economy and health systems.

As a healthy population, one can make an important contribution towards economic progress because the population that is healthy, lives more and are considered more productive. Investment in health is not only a desirable priority for most communities but also an important one, as it reflects on the economy. However, our health systems also face challenges that are daunting as well as complex, arising in part from new stresses such as ageing populations, the increasing prevalence of chronic diseases, and the intensive use of costly but critical health technologies.

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At work, a healthier individual can be more productive and earn higher incomes.

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A healthy person may spend more time in the labour force as compared to a less healthy individual who often takes sick leave or retires early.

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They will invest more in the process of learning new things in order to improve their efficiency.

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In anticipation of a longer life, a healthy individual may save more by raising the funds available to invest in the economy.

In order to briefly explain the relationship between health and economic development, the concept of health needs to be understood in a broad sense. When we speak about health, it is not just the absence of diseases, but also people’s capacity to grow during their lives to their potential. In combination with that welfare, an asset possessed by individuals has a significant source of well-being as well as instrumental importance. In terms of health, economic development is affected by health in a variety of ways. For example, it decreases production losses due to sickness of a worker, often increases adult productivity as a result of improved nutrition and lower absenteeism rates, and improves school children’s learning.

Health also agrees with the use of natural resources that may usually be intended for ill health care.

Health has its consequences directly through worker productivity and the economic burden of diseases on economic development. Health also indirectly influences economic development as factors such as child health influence people’s potential incomes through the effect that health has on education.

If we take up a household example that is observed on a family basis, this sort of indirect effect is much easier to understand. When a family is safe, the father and mother will both have a job and earn money that helps them to eat, protect, and send their children to school. Children would do well in school if they are safe and well-nourished and this will have a positive effect on their future income.

The lack of health often affects the poor to a great degree, as their body is often the only commodity they have.

The correlation between Health and Economy goes hand in hand as the importance of investment in health refers to the betterment of economic development because a healthier individual can help to increase both the number of hours worked as well as the probability that they will be employed.

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