The Most Reliable IT Service Provider to watch in 2022

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A STELLAR READ WITH ‘EXTRAORDINAIRE’ NARRATIVES… We are more than happy to serve you a special issue that addresses different topics of the entrepreneurial ecosystem based on the success stories of the companies featured here. The core objective of this edition is to offer you all the nuances of a successful business journey and how to create value to the world we live in. In high hopes to make this publication a reliable and interesting source of information with the ‘feel-good stories’, we welcome our valued readership across the globe to this exclusively-created edition.

As our vision has always been to be the voice of some outperforming organizations scaling the ladders of success across the globe, this issue is an evident extension of it undeniably. In one or the other way, we are dedicating a considerable portion of our efforts, time, and energy to delivering these success narratives to our cosmopolitan readership to ignite the entrepreneurial fire in their hearts.

This remarkable issue has been solely dedicated to the companies with a futuristic vision where their respective leadership teams are contributing in line with enhancing the business scope. Here, we are into recognizing and rewarding the visionary business tycoons for their insightful strategies, calculated investment, exceptional business acumen and a lot more. So, look into our compiling picks from the business fraternity that have been flagging their names in their respective space while motivating impassioned entrepreneurs with their optimism, insights, leadership, values and a lot more.

InterraIT is our cover star of this special edition for the month of August. It grabbed our attention with its innovative solutions that are committed to enhancing overall business performance. Asoke K. Laha is the leading face of the organization and taking the organization to greater heights owing to his extraordinary industry acumen and business values. He happened to converse about the overall journey of InterraIT, its prominence in the industry and more to mention. Dive into this story to get to know various parameters of the company.

With the inclusion of some informative articles here, we wish to keep you glued to this read for long hours. We believe that it is doing justice to its mission to seek and publish triumph tales of discerning leaders, energetic doers, pioneers, etc, while providing intriguing insights on a variety of subjects. Let us know how we are doing with your precious feedback.

Kajal Dobhal Kajal@businessconnectindia.in

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Vol - 5|Special Edition|August 2022 Publisher & Editor : Abhishek Kumar Dubey Editorial Team Indranil Roy | Kajal Dobhal | Sugandh Bahl | Gulshan Parveen | Dr. Amit Mishra Avishek Singh | Kriti Anand | Sanjay Maurya

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 | Javed Khan | Vikash Kumar | Archna Pawar | Kazim Barati Co-ordinator (Business Connect-Clients) Anita Kumari | Priyanka Gupta Data Research & Analysis Satyam Tiwari | Amit Kumar | Anita | Ravinder Singh | Rahul Kumar | Sweta | Shweta Kumari Prince | Virat Tiwari | Ritika | Rekha | Simran | Khusboo | Hitesh | Raja Finance Team Monika Aggarwal | Gaurav Singhal

Creative Director ASHUTOSH OJHA

Creative Team Rajat Pathak | Sakshi Negi | Tarun Sharma | Sapna Soni | Vishant Saroj | Pawan Yadav Legal Affairs Mukesh Kumar Human Resources Nivedita Basu Digital Marketing Manager Anurag Tiwari | Ashish Gupta

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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.

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Cover story

InterraIT Inc.

InterraIT SHAPING BETTER BUSINESSES WITH PROGRESSIVE IT SOLUTIONS…

Table of

Page No. 10

ASOKE K. LAHA Founder, President & CEO

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SUCCESS STORY Naveen Jindal: A Multifaceted Persona of Success- A Sportsperson, Politician and Industrialist

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REDVISION Succeeding As India’s Leading Fintech Company @ Growth rate of 49.72% CAGR

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LIFESTYLE This is Gautam Adani’s Luxurious Lifestyle

APPINESS Unsurpassed Innovation in the Digital Consulting and Technology Sector

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CLOUFI TECHNOLOGIES Crafting Tailored Solutions for Cloud Based Software and Mobile Digital Solutions

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TECHNOLOGY How Credit Card Companies Make Money

GROWTH How to Stay Motivated as a Small Business Owner: 10 Quick Tips

40 ERRORKART For Unmatched A-to-Z IT Solutions

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GEEKAY INFOTECH Leading centralized End to End Technology Infrastructure and Technical Talent solutions & services

LAUNCHPAD New Tech Arrivals that can ease your life

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MXICODER Aims for the best to serve the best

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THINKINNO For Fineness in All Your Custom Software Product Development Needs

UP2DATE Be connected with the happenings around the world

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ASOKE K. LAHA Founder, President & CEO

InterraIT Inc.

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The Most Reliable

IT SERVICE PROVIDER TO WATCH IN 2022

SHAPING BETTER BUSINESSES WITH PROGRESSIVE IT SOLUTIONS… Kajal Dobhal | Business Connect

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everal trends are revolutionizing the IT sector, allowing it to scale exemplary heights. From advanced technologies to online food ordering, everything is now possible over social networking at our fingertips. And many IT service providers have become the key drivers of growth in this sector with their unique approach to serving the world. One such player is InterraIT- an IT company asserting the power of IT solutions in business transformation drive. This whole narrative is based on the specially arranged coffee table discussion with the founder, president and CEO of the company- Mr Asoke K. Laha, whose stewardship has been the secret to its grand success.

Let’s dive into the read to get to know more about InterraIT and its overall business portfolio-

COVER STORY 11

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phenomenal. He aspired to contribute to the IT industry in the best way possible.

Learning lessons through thick and thin while observing the industry with his in-depth knowledge, he began his career journey in the most unimaginable of ways. After attaining 2 decades of experience in three large US companies, he commenced his entrepreneurial journey with the utmost optimism.

WHAT IS INTERRAIT ALL ABOUT? Since 1996, the company has made a difference in the industry for the past two decades. From a home office in New Delhi to headquarters across the globe- the journey has been absolutely incredible.

It started with an extremely passionate and dedicated staff that was aligned with the same objectives. Everyone was focused in the same direction- to make a mark on the IT industry in a big way by providing top-notch IT services to the targeted audience. Driven with immense grit, hard work and determination, the company has reached the pinnacle of success today. At present, the team’s mindset is to achieve the impossible and continue to think of ways with which InterraIT would be taken to the next level, higher aloft. The sky is truly the limit for team InterraIT. Here and there, the IT industry has been witnessing the blooming of companies across the world- especially in the US and India- targeting the same audience base.

THE INTRO Known as a Silicon Valley-based B2B IT services company, InterraIT has been providing cutting-edge IT services to its extensive customers. The exceptional customer experience from start to end comes at an excellent cost. In India, the development centres of InterraIT are based in Noida, Kolkata, and California whereas internationally, it proves its presence in Canada and other European states. Headquartered in San Jose, California. In terms of service portfolio, the company specializes in Application Management Services, CloudOps, ITOps, DevOps, Q&A, Mobility, and Cybersecurity.

The company’s business operations are driven by the senior management that consists of incredibly accomplished and prominent individuals hailing from the IT industry.

The leadership team comprises over 70+ years of experience across the industry with educational backgrounds that include IITs, Northwestern University and Jadavpur University. No doubt, under the leadership of such experienced leaders, the company is being projected to greater heights.

THE INSPIRATION When asked what made the founder establish the company, he replied that while working under other companies, he was hit by a zeal- to create something www.businessconnectindia.in | Vol. 5 | Special Edition August 2022 INDIA

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The competition is tough but InterraIT ensures to stay ahead of the curve owing to its unique value proposition.

Innovative streak combined with a determined mindset to develop bestin-class IT services speak in favour of their high-quality work that comes consistently and effectively.

Apart from high-quality services, their contribution to the IT industry is their unique approach to work. They empower every employee to be growth drivers who own their work responsibilities perfectly.

From brainstorming to bringing out-ofthe-box ideas to making critical decisions, they are indulged in problem-solving drives to take each project to the next level. The commitment, dedication and perseverance of the workforce are what make them different from their peers. “We believe in Individualized Corporation, to borrow the phrase from late Sumantra Ghosal – famous

management guru. I would say that what gives our intelligent business solutions a leading edge in the market is that for each service that we develop and cultivate, we always keep our customers at the forefront. We take the time to understand our customer’s current and possible pain points in their respective industries and it is worth pointing out that this research is in-depth and continuous. Our business services provide solutions to these key pain points, while at the same time, allowing for immersive customer service from start to finish. Customer satisfaction is a key motto,” asserts the leader.

DEFINING THE DIGITAL FOOTPRINTS Creating and providing information for potential leads as well as current customers is how they define their digital footprints. Generating impactful digital footprints is what they strive to emphasize through their values, mission and other services that could make a huge difference in favour of their customers. They are in constant strides to keep the customers’ requirements in mind to articulate the way solutions could address the pain points. The digital footprints ensured by them have indeed been able to create an impact across their targeted space.

QUALITY MANAGEMENT PROCESS The quality management process of InterraIT is what they take immense pride in where delivering high-quality deliverables is imperative to them. The quality process is quite thorough; with strict and defined guidelines to ensure

services that fit into the necessary standards. In the overall process, they emphasize the components of quality planning, quality control, quality assurance and finally quality improvement. Needless to say, the founding partners began their respective careers in the big MNCs for over twenty years as reliable software engineers from where they moved up the ladder of senior management positions. Hence, high-quality solutions became their DNA before they began this journey. This extensive experience of the leadership panel has made the company stand out in terms of quality standards.

Cadence India where he transformed the organization into a highly respected and well-respected brand in the Indian software landscape. Additionally, for over a year(2014-2015), he served as the National President of the Indo-American Chamber of Commerce (IACC). While being actively involved with prestigious industry organisations like AMCHAM, NASSCOM and ASSOCHAM. Currently, he is serving as the Vice-Chairman of CouncilSME- an organization for SMEs. He is a person with incomparable business acumen and industry experience that allowed him to overcome many difficulties within a short period.

And technology accompanied by the R & D process helped them to learn and master advanced technologies like AI, machine learning, etc. Despite being a service-providing company, they develop different proprietary modules to build solutions as per the increasing customer demands. It has allowed them to escalate the value chain- becoming IT partners and IT solution providers.

THE KIND OF CULTURE At InterraIT, there is a culture of learning where every individual is encouraged to think out of the box and expand her perception along with her skill set.

THE MAN AT THE HELM The Founding head and President of InterraIT is Mr. Asoke K Laha who is a corporate professional with over forty years of experience in the software industry. His career began at GTE as a software developer where he subsequently worked for Digital Equipment Corporation (DEC) and Cadence Design Systems. Later, owing to his extensive experience, he was appointed the Managing Director of

Though challenging, the whole process is collaborative where each individuals are encouraged to work together across multiple functions. The management propels them to brainstorm for long hours and challenge their competencies to come up with relevant help and suggestions. Transparency is what makes InterraIT stand out from the rest of the organizations. Also, a highly motivated work environment allows employees to spread their wings as per the directed vision of the leadership panel. Everyone is inspired to become the best version of themselves to take the whole organization forward towards newer avenues.

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The open-door policy at InterraIT allows the employees to share any new idea with the leadership team that is always ready to lend its ear to the workforce. By practising individualized corporation and servant leadership management philosophies- the company has set up extraordinary industry standards across the globe.

“We strive to empower and arm our employees with the necessary tools, skills, and education to help them in their growth paths. Throughout the year, we have several technical and soft skill sessions for our employees. In addition, employees can work on their communication skills with our award-winning Toastmasters club. We implement a number of employee engagement initiatives at InterraIT, it is all about the employee!,” conveyed the luminary.

ACCOMPLISHMENTS TO BOAST OFF Though InterraIT has bagged numerous awards and accolades in line with its extraordinary growth trajectory, the most precious achievement to them is its successful journey so far. To know the secret sauce to success, many organizations keep inviting the management staff as keynote speakers at various conferences and seminars. Here and there, the company keeps bagging rewards and recognitions for their outperformance in the industry.

For the future, to go high and above, they have envisioned some exciting projects that are in the pipeline with a particular customer base. As they are ensuring a steady growth while multiplying their headcount, a radiant future awaits InterraIT for sure.

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PEARLS OF WISDOM BY THE INDUSTRY MAVEN “To aspiring entrepreneurs, I would say a few things: there might be those who will not believe in your dreams or think that it is not possible – block that noise out because all that matters is that you believe in yourself.

I highly believe in the necessity of education – constantly read and educate yourself on what’s happening in your industry, upcoming trends, management styles, etc. Learn to take risks and challenge yourself.

If I can make my own dream a reality, then I’m positive that you can too.”

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NAVEEN JINDAL I

A Multifaceted Persona of SuccessA Sportsperson, Politician and Industrialist

ndian billionaire industrialist Naveen Jindal is a consummate politician, marksman, horse whisperer and patriot.

Currently, he is the chairman of Jindal Steel and Power Ltd and Chancellor of O.P. Jindal Global University. His multifaceted persona has paved the way to huge success. He was included in the World Economic Forum as one of the top 25 Indians in its list of 250 global leaders in 2006. The Jindal family is one of the richest families in India. With a net worth of $ 250 million, Naveen Jindal is amongst the richest people in India. His mother Savitri Jindal is the richest woman in Asia with a net worth of $11.3 billion. Let’s know more about this well-known Indian entrepreneur and politician’s story.

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Quick Facts on Naveen Jindal: • Occupation: Industrialist, Politician • Designations: Chairman of Jindal Steel and Power Limit• • • • • • • • •

He ran for office in 2004 under the Indian National Congress banner from the Kurukshetra constituency in the northern Indian state of Haryana. By a margin of 130,000 votes, he beat Abhay Singh Chautala, his closest challenger. In the general elections of 2009, he won re-election. As an MP, he has focused on issues like corruption, population growth, women’s emancipation, the environment, health care, and education. In order to create a comprehensive Food and Nutrition Security Scheme, Jindal introduced a private member bill in the Lok Sabha, which served as the foundation for the Food Security Act. He was elected to the Lok Sabha from Kurukshetra in 2014, however he was defeated.

ed and Chancellor of O. P. Jindal Global University.

Date of Birth: 9-Mar-1970 Age: 51 Place of Birth: Hisar, Haryana, India Marital Status: Married Spouse’s Name: Shallu Jindal Children: 2, Venkatesh Jindal and Yashaswini Jindal Zodiac Sign: Pisces Spoken Languages: English, Hindi Hobbies: Playing Polo, Shooting, Reading and Travelling

Moreover, Jindal’s persistent efforts and sustained dedication to the cause were what won Indian residents the right to display the national flag every day. The Supreme Court of India found in Jindal’s petition that every Indian has the freedom to fly the tricolour in a historic decision in 2004.

Early Life:

On March 9, 1970, Naveen Jindal was born in Hisar, Haryana.

He is the youngest child of Smt. Savitri Jindal and the late industrialist-philanthropist-politician Shri Om Prakash Jindal, a former minister in the Haryana government in India. Smt. Savitri Jindal served in the government’s cabinet from 2004 to 2014.

Work Philosophy:

On the question if he is a hands-off CEO, he says that some people whom he trusts a lot, he let them do things. But nowhere he is a spectator. He likes to play. Further he says that you have to be hands on otherwise, you will be badly let down sometimes.

Jindal completed his education at Campus School, CCS HAU, and DPS Mathura Road before earning a degree in commerce from Hans Raj College at Delhi University in 1990. He got his MBA from the University of Texas in Dallas in 1992.

How does he spend his time? He says, “60% of my time is spent on MP-related tasks, while the remaining 20% to 25% is spent on business. Rest; I adore sports. Additionally, that takes time “.

His father was born into an agricultural family in Haryana’s Hisar area and went on to build the O.P. Jindal Group, a steel and power empire. O.P. Jindal was elected to the Haryana Legislative Assembly three times, in 1991, 2000, and 2005, and he was elected to the Lok Sabha from Haryana’s Kurukshetra seat in 1996. O.P Jindal was the Haryana government’s Power Minister until he died in a helicopter crash on March 31, 2005, at the age of 74.

Sportsmanship:

Naveen Jindal is a polo enthusiast and has won many competitions. Also, he likes skeet shooting and under his captaincy, the Indian shooting team won a silver medal in the South Asian Federation Games in Pakistan in April, 2004.

Career:

Naveen’s father studied only upto high school and would sell steel pipes in Hisar, Haryana. He set up this steel to power group under his name. Even though there was no sudden break in the relationship, his father divided the group among his sons in 1998 when he was still highly engaged. The father appointed Naveen the manager of the group’s struggling Raigarh factory in Chhattisgarh when he returned in 1992 after earning an MBA from the University of Texas.

It was a successful experiment. Numerous manufacturing and raw material-related issues plagued the plant. Naveen succeeded in convincing his father to spend money on modern tools and technologies. He acquired access to raw resources like coal and iron ore when his rivals were concentrating on increasing their industrial capabilities. Since then, he has continued to emphasise on raw materials.

Raigarh plant now has grown into JSPL and has iron ore and coal mines in east India which gives fuel to steel and power plants in Chhattisgarh and Jharkhand. In 2007, the company won the rights to iron ore mines in Bolivia that have reserves of 20 billion tonnes.

Political Career:

Early on, Jindal experimented with politics. He was heavily involved in student activities and later rose to the position of president of the University of Texas student union. Jindal returned to India and helped his father in politics after completing his post-graduate studies in the US. 17

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REDVision

Succeeding As India’s Leading Fintech Company @ Growth rate of 49.72% CAGR

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Yashasvi Khushu | Business Connect

he industry of wealth and asset management has emerged successfully well in the transforming tax and complex environment of government regulations, bringing in a client base that is comparatively more sophisticated and demanding while being risk averse.

A number of new opportunities have popped in the market and the companies today are looking at varying revenue sources while the lines blur and growth makes its way back in. And in this competitive scenario, firms today have channeled their focus on making their stand strong in the market by providing redesigned business models and aggressive attention on operational and economic competence.

Succeeding in the hustle of this market today, India’s leading Fintech Company, REDVision Technologies has been offering for more than a decade a wealth management platform to financial intermediates with over 2500+ financial intermediates businesses running on the platform, serving over 2.5 Million end portfolio users across the globe.

Established in 2006 and headquartered in Indore, India, the firm is an efficacious effort of Zahiruddin Babar, Co-Founder & CEO and Abhishek Parihar, Co-Founder & CFO. They command a leadership position in the wealth management software industry in India with R&D and prompt customer services.

The Visionaries!

Zahiruddin Babar, Co-Founder & CEO As a dynamic techno-financial expert, with technical qualification of Internet Architecture specialist, Ph.D. Scholar researching in the impact of Artificial Intelligence in Fintech, MBA in Financial from IMS, Indore, he brings 16 years of experience of serving the technology and financial industry. Playing multiple roles, he built a business around cloud long before anyone else and brought technological revolution in the financial services industry.

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Zahiruddin Babar Co-Founder & CEO

• NO HUMAN DEPENDENCY Flawless, seamless investment process! Handle number with very fewer employees.

• 24 X 7 BUSINESS HOURS Now your business is not depending on your office hours, it’s round the clock open without any holiday throughout the year.

• COMPETE WITH BIG BRANDS RED Vision ROBO advisory Mobile app is powered by a robust back office platform, you can achieve the better technology at comparatively very less amount of Investment, it enables you to compete with Major Brands.

• LOSING ONLINE BUSINESS Many thousands of investors are searching Google for better financial advisors every month, your online absence is the loss you are making every single day of potential investors.

• ARE YOU FUTURE READY? Artificial Intelligence and Automation in business is the future! If you don’t change yourself, the client will change you. This is the time to access, is your business ready for future?

Abhishek Parihar, Co-Founder & CFO With 14 years of rich experience in financial services industries, Abhishek is the marketing strategist. His last assignment was with the Leading National Distributors of India, he is leading the team of marketing and consulting technical experts for new developments to cater to the growing demand and challenges rising in the market. In a conversation with Business Connect Magazine, REDVision talks about the most advance plug n play wealth management Platform for the financial advisors, a 360-degree working ability, their working ethos and more.

Business Connect: Tell us more about the need for ROBO advisory app.

REDVision: There are a few things that mainly encourage its need; • NO GEOGRAPHICAL LIMIT The client onboarding process is the same whether the client is at your office or in Dubai or New York, all it takes 5 minutes process to enable the client his first purchase.

Business Connect: How have you adapted yourself to the latest needs of the market?

REDVision:Our research team remains connected with the end users for their requirements and expectations, we are popular for innovation and quick implementations of ideas. We were the first player launched an online multi-asset platform in India, we also secure the first position to include financial planning and goal tracking with the wealth management platform.

Business Connect: What gives you an edge over your peers?

REDVision: A number of things: • USER-FRIENDLY SYSTEM It is well said “Creating an easy thing is a difficult job”, at REDVision our major affords went in making complex things simple, before our launch the financial planning was considered rocket science and required lots of analytical & quantities skills, but we made it simple for all to use. We regularly received compliments from clients about the easy navigation and simplicity of the system.

• LISTEN TO YOUR CLIENTS We observer that the companies who think that client’s demand is an interruption in their work are failed in a very short span of time. We developed a system called idea bank where all the needs and requirement to collect and go through a process of scrutinizing for the further development process.

• BE THE FIRST THINKER AND FAST MOVER “Thinking big is not anyone’s proprietary”, in a fast-changing financial industry and growing users expectations, we must get the new ideas first and make it available to users before your competitor bags it.

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Robo Advisory

• FOCUS ON THE CLIENT’S SUCCESS Our all discussion starts with a basic question “How will it help clients in growing their business? Client’s growth must be the purpose of any service provider, our success depends on how we make our client successful.

REDVision: For startups, I would like to suggest to make a business model which must be a Self-sustainable, scalable and profitable, your customer wants the best services, not the low-quality one, you will have to work hard on the product & services you are offering, solve the problems of customers and create a difference from the competition.

• ALWAYS BE IN REVOLUTION MODE Revolution is in REDVision DNA, the name of organization carries “RED” which symbolizes the revolution, it’s always the first point of brainstorming session “what is the next big revolutionary thing we are going to offer in the market?”

Business Connect: How do you ensure the unbreakable faith of clients in your company?

REDVision: We have a well-established process with a human touch, as the client gets on-boarded on the system, we appoint a dedicated after sales manager who is single point contact and handholds in case of any query or support. “Communication is the key to Confidence” our sales team keeps the client updated about new offering and features of the product.

Business Connect: Do you see any transformation happening in the entrepreneurial world?

REDVision: Yes, we are living in the age of Tech backed transformation, it’s a revolution, every business is getting scale on the back of technologies, we have countless examples around us of firms who started conquering the whole financial advisory industry, and presently the scope for traditional way of selling and servicing the investors is minimal.

REDVision converts the challenges into opportunities by providing a very low cast ROBO Advisor platform backed by a robust wealth E-office platform, a tradition financial advisor can start a ROBO Advisory platform within 3 hours.

Business Connect: What are the efforts made by you not to lag behind in the race of having latest technology?

REDVision: As a technology company we have to be on toes for adding latest technologies, we never compromise on the quality, we use AWS (Amazon Web Service) cloud server for a reliable and stable function of the application and at backend, we use big data technologies for a scaling the application. We have a complete in-house development team which keeps adding new features and tool in our platform to be the first movers in the market.

Business Connect: Did you face any obstacle during the initial days?

REDVision: Yes, we started the business during the global recession, it was the best time to learn and set up the optimized process. We adopted the asset-light model, where we kept everything centralized, sale & service was operated from our head office only, this business model helped us in reducing the cost and scaling the business in most rapid ways. Also, the services we provided were prompt.

Reinvesting in business is very important as most of the revenue goes into R&D and making the product better every day, doing the same work in routine with new thoughts leads us towards excellence, right now we are unmatched leader in the market and have created a monopoly in innovation and prompt services, this is the result of the learnings we carried from the initial days.

Consistent Company Growth of 49.72% CAGR 70 60 50 40 30 20 10 0

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REDVision: Instilling the confidence of ‘Yes, I can’ in each of its endeavors, the organization achieves the best performance by devouring self-motivation and infusing professionalism, while also recognizing their contributions towards its growth. Here, every employee gets equal opportunities to grow and earn. Having knowledge sessions as a part of its weekly schedule, REDVision stresses upon case studies, assignments and self-prepared presentations, rather than taking the usual classroom approaches.

Business Connect: In recent times, many cutting-edge technologies such as IoT, AI, and Big Data have changed the modus operandi of business. How has it affected your company?

REDVision: We are the early adopter of Artificial intelligence & Big data, currently, most of the task has been handled by Artificial intelligence, and the flagship services crafted at REDVision empowers its clients to be a part of continuous development while also to relish the bliss of affordable price, which in turn supplements its brand value. Highly celebrated for its in-house online Wealth Management Software named Wealth E-office, the company proffers the ability to serve high net-worth investors by providing in-depth reports, comprehensive financial planning, CRM, goal mapping, lead generation, and auto MF file uploading. This award-winning platform adheres to international standard and has successfully secured one million investors across the globe.

REDVision Technologies Team

“Clients are the best teachers if you focus on the client’s practice needs and expectations; it’s the best way to develop any product.”

REDVision Technologies

Business Connect: How much do you rely upon Research and Development for the growth of the company?

REDVision: R&D is the base which keeps our company ahead from a competitor; we have a strong team of R&D which keeps exploring the ideas from various sources, also we have in-depth research on the customer behavior and expectations, we mold our product according to the customers demand.

Business Connect: Tell us something about your staff. How do you ensure their efficiency and positivity towards work in challenging times?

REDVision: Being a niche software company, REDVision considers their passionate team of young professionals, who are dedicated to financial technologies as the company’s most valuable asset and therefore invests heavily in them. The company nurtures their team not just with recognition, transparency and open communication but also by making them a partner in the company’s growth.

In the ‘feel like at home’ atmosphere, REDVision achieves the best performance by leveraging self-motivation and freedom married with professionalism, instead of burdening with hefty work pressure that kills creativity. As REDVision is confident that only satisfied employees can make satisfied customers, the company encourages them to work hard and party harder.

RED Vision has a leadership position in the Indian market, and are planning to hit the capital market with IPO of the company is coming next 2 years, they are serving the growing demand for Wealth Management Products from South East Asia, Middle East, Africa, European and American countries. They are looking forward to planning and executing a launch of wealth management & Financial Planning suits in potential foreign markets.

Business Connect:What kind of activities do you conduct to keep your employees energized?

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Lifestyle

This is

Gautam ‘s

LUXURIOUS LIFESTYLE

T

he Adani Group chairman, Gautam Adani, has experienced a significant shift in his fortune in recent years. Adani’s family was not well-off when he was born. In order to work and pursue his fortune, he left school and relocated from Ahmedabad to Mumbai. In the beginning, he began by brokering diamonds, where he quickly achieved significant success and became wealthy.

At present, airports, ports, electricity generating, and distribution are just a few of the companies managed by Gautam Adani.

Adani owns six publicly listed businesses in India, including Adani Green Energy, Adani Power, and Adani Enterprises.

Another richest person of India is Mukesh Ambani. Gautam Adani and Mukesh Ambani control sizable corporations that dominate a variety of industries. The majority of us are familiar with Mukesh Ambani’s most costly home, Antilia, and his opulent lifestyle, but we are less familiar with Gautam Adani’s most expensive possessions and way of life. Thus, let’s know

about Adani’s luxurious lifestyle.

of 400 crores.

In February 2020, he won the auction and bought the property. A total of INR 400 crore was paid by Adani, including INR 265 crore up front and a further INR 135 crore to meet statutory costs.

INR 400 billion Opulence House:

A report from LiveMint claims that the business behemoth Adani group bought Aditya Estates Pvt Ltd which is now known as the Adani House. The property is said to be about 3.4 acres in size. Considering the cost, according to several sources, Gautam Adani purchased this expensive house for a great deal www.businessconnectindia.in | Vol. 5 | Special Edition August 2022 INDIA

It is said to be one of the most interesting houses in New Delhi’s affluent Mandi House area, despite the fact that not much information about the inside has been revealed.

According to a study on Magicbricks.com, Gautam Adani is the owner of a lot of properties, but no one is able to offer an accurate count of his whole portfolio. Nevertheless, Gautam owns a lavish residence in Ahmedabad. The building is situated in one of the most affluent and costly parts of the city.

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Aircrafts: Gautam Adani owns 3 aircrafts.

1.

jet’s cabin has stand-up headroom, LCD lighting, touchscreen seat controls, breathable seats, and a tonne of in-cabin storage.

Bombardier Challenger 605

The Canadian Challenger 605, according to a story by The Economic Times, was purchased by Gautam Adani in 2009.

With basic settings, this midsize business aircraft can accommodate 12 passengers and has the largest interior in its class.

According to Jetcraft, Challenger 605 is an improved model of Challenger 604 with enhancements from the inside out with a range of up to eight hours and 7,400 kilometres.

Two General Electric CF34-3B engines each provide 8,729 pounds of thrust to power the aircraft. It can travel at a top speed of 870 km/h for lengthy flights. It boasts top-notch amenities including LCD screens at each seat, a full-service dining room, free domestic WiFi, and overhead luggage lockers.

Cars: 3 noteworthy and luxury cars are owned by Adani BMW 7 Series:

finest work of the German automaker.

Gautam Adani owns one of the most exotic machines, the BMW 7 series.

The car which offers best in class comfort and power is the

It is powered by a V12 engine, which may be modified for more power depending on the model. The cheapest BMW 7 Series model, the “BMW 7 Series 730Ld DPE Signature,” is priced at about INR 1.42 crore, while the costliest model is priced at INR 2.42 crore.

2. Embraer Legacy 650:

One of Gautam Adani’s most favourite vehicles for business meetings is the Embraer Legacy 650. This business aircraft, which has three divided cabins and seats up to 14 people, offers one of the quietest flight experiences in its class.

This jet can travel at a peak speed of 850 km/h and has a thrust of 9,020 pounds from two Rolls-Royce AE3007 A2 engines. In contrast to the Legacy 600, it features brand-new ventral tanks, engines, and wings.

This car is a beast for those who enjoy speed since it can sprint from 0 to 100 km/h in only 5.3 seconds and reach a top speed of 250 km/h.

Rolls-Royce Ghost:

INR 6.21 crore valued car RollsRoyce Ghost is another car that serves Gautam Adani. The car radiates luxury, with spacious seats that resemble cabins and extraordinary facilities. Up to 5 passengers can sit comfortably in the Rolls-Royce Ghost sedan.

There is enough room for passengers on the Embraer Legacy 650, and the entertainment system is industry-standard. In order to provide its passengers the finest experience, the aircraft also has Wi-Fi and LCD TVs in each seat.

A 6.6-litre V12 twin-turbo engine with a maximum torque of 780 Nm and a power output of 562 horsepower is one of its specs. One of the most adaptable sedans on the luxury automobile market, it can accelerate from 0 to 100 km/h in about 5 seconds.

3. Hawker Beechcraft 850XP:

The Hawker Beechcraft 850XP continues to be a favourite among Indian billionaires. It is one of the most well-known business jets of all time. The Hawker Beechcraft 850XP, designed in the UK, was the first business jet in its sector to include Hawker Beechcraft’s specialised blended winglets, which increase performance in hot and high settings.

The jet can go up to a maximum altitude of 39,000 feet while using less fuel than its forerunners. With its incredibly comfy business class seats, it has room for up to 15 passengers. For individuals who seek both beauty and power in a business aircraft, the Hawker Beechcraft 850XP is the best option. The

Ferrari California:

Ferrari California is another car that adds luxury to the lifestyle of Gautam Adani.

The eye-catching 2008 Ferrari California, is one of his favourites. Two fuel-injected V8 engines power the Ferrari California, each producing 485 Nm (49 kgm) of torque at 5000 rpm. It is the fastest sports vehicle in its class, reaching 100 km/hr in less than 4 seconds.

A retractable roof, an aerodynamic body, an improved chassis, a system for monitoring tyre pressure and temperature, and more padded seats for comfort are all included.

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UNSURPASSED INNOVATION IN THE DIGITAL CONSULTING AND TECHNOLOGY SECTOR Yashasvi Khushu | Business Connect “Never work for money. Always look to the future and never for immediate compensation. What are you going to do with those wages anyway? Stop being so entitled and pretending like you deserve cash and vacations just yet.”

T

he brainchild of Visakh Viswambharan, Founder & CEO, Appiness Interactive Pvt. Ltd., believes in Creativity, Innovation & Breathing to create products that please. An end-to-end Design and Tech consulting firm, it grows businesses over the web and mobile by transforming brands through click-ass User Experience, cutting edge Technologies and Digital Marketing. They focus on Mobile, Web, Blockchain and Enterprise solutions.

Visakh Viswambharan |Rigin Velayudhan |Sunil Thomas

Founders of Appiness

Apart from the above they also have a few products in the market namely KNOiT, a chat-based app connecting local vendors, Homepreneurs within gated residential communities and Nudgy, a peer review system for small and medium enterprises.

Over the past 7 years, Appiness has worked with around a hundred clients and they cover the whole spectrum of possibilities.

Associated with idea-stage start-ups to global giants with a seemingly permanent position in the Fortune 100 list, their clients are building products so futuristic that they do not have competitors yet, and a few others are in traditional businesses.

Right from agriculture to healthcare, from the government to banking, information technology has changed the way we live and will continue to change our lives in the future. Gone are the days when starting your own venture seemed like a pipe dream for most. There’s no better time to be an entrepreneur than now.

In a conversation with the leaders of the company, Visakh Viswambharan, Sunil P Thomas, and Rigin Velayudhan, Business Connect Magazine gets an insight of the company, Business Connect: How do you feel you are different from your competitors?

Visakh: Firstly, I don’t see anyone as our competitor. I see them as my travel buddies in this beautiful, yet challenging journey of entrepreneurship. You need them, otherwise, the journey will become excruciatingly boring. And the market is so huge right now, there is no point in competing. I’d rather talk and learn from everyone.

Business Connect: Did you see any transformation happening for start-ups, over the years?

Sunil: The landscape for start-ups has undergone a tectonic shift since we started up. When we started, hiring a good team was next to impossible, as most people preferred big, established firms over fast-moving, riskier proposition offered by start-ups.

Now we are seeing a clear preference from potential team members for stability and growth over a meteoric rise.

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Business Connect: Did everything come easy, or you have your story of struggle?

Visakh: Until my undergrad, I was an average student academically; when I did my post grad, my focus shifted from scoring marks or passing to LEARNING something new and I really opted to learn; that was a shift and I turned out to be one of the university toppers.

Business Connect: Who is your role model?

Visakh: My dad. He is a self-made man. His conviction and dedication amaze me every time I think about the unconditional things he has done for us and the family, with the limited resources he had. His energy and drive make me think that we have done nothing compared to him.

Business Connect: How are you giving back to society?

Visakh: We engage ourselves in many ways to give back to the society, the major focus is providing education for the unprivileged. I strongly believe that by helping someone in education we are not helping just one person but rather a family and the generations to come.

I started learning 2D key frame animation as I was very passionate about design and always wanted to do something creative. I used to learn animation in the morning and work at the dance school in the evening. As my first animation project, I created a performance in which I mixed animated characters with live dancers on the stage. The show went really well. So well, in fact, that it got covered by The Hindu newspaper. That was my first project ever.

Business Connect: Apart from work, what else do you like to spend your time doing?

Rigin: My favourite thing to do is hanging out with my family, friends, and my dog which is truly what gives meaning and joy to my life. Apart from that, I love movies, cooking, learning about agriculture, and taking long drives.

And this year I started focusing a lot more on health and start running regularly. We insist our team also to engage in some sort of physical activity on a daily basis to keep themselves fit. I believe fitness is the key to productivity.

This routine would start all over again at 10 am the next day.

I never complained, though, because I enjoyed doing that.

Which is what continued in the early days of my career. And when I started on my own, I used to be the first one to leave and the last one to reach my apartment. This is one of the greatest reasons as to why I am here today, sheer hard work.

Sorry, there is no other magical recipe; I didn’t find one.

Appiness has strived for excellence and has pushed themselves to achieve tremendous growth. With over 35 International design awards and 50+ Nominations, they have been listed among the 20 best mobile app companies in India and many more milestones and achievements are waiting.

Business Connect: How do you ensure unbreakable faith of clients in your company?

Rigin: The most important aspect is to build a relationship with the client. As with any relationship, trust has to be built and this is done in three ways: one, by connecting with the client and their goals both personal and professional; two, by responding promptly to the client and their needs; three, by delivering on or before deadlines with outstanding work.

If there is one thing that is certain about the future, it is the uncertainty and the changes that would accompany that.

But Appiness is out with a clear focus towards growth and innovation, to stay relevant in this ever changing scenario.

Looking forward to working on advanced technologies and innovations, they are on a very quick growth trajectory and hope to double the headcount in the next year.

Business Connect: How do you keep pace with the changing market trends?

Visakh: Change is something we cannot stop, especially in the space we are in. It’s so fast that every time you open a new tab, you come across something new. In the future, the most mundane tasks are going to be replaced by robots. You need to keep innovating, for which you need to build your firm on strong culture, where people are ready to unlearn, learn and adapt.

IT’S GOOD TO ‘WORK’ FOR A FEW YEARS TO UNDERSTAND HOW THINGS ARE DONE. IN MY CASE, I WAS LUCKY TO WORK FOR BOTH MNCS AND STARTUPS BEFORE STARTING UP. I COULD APPLY A LOT OF MY LEARNING FROM MY EXPERIENCE, SO ALWAYS, CHOOSE A GREAT BOSS OVER A GREAT BRAND

Business Connect: Do you believe R&D is essential for the growth of the company?

Sunil: If there is anything we have learned from our journey and our clients from different domains and industries, it is that innovation is a must for anyone to survive, let alone growth. In that sense, it is absolutely certain that R&D is the most essential part of our roadmap.

Business Connect: How necessary do you feel is it to keep your employees content, how do you ensure it?

Visakh: We are an employee friendly firm, and would continue to be the same. We are a family and we will remain one. It doesn’t matter whether we are 100 or 10000. And if you ask me ‘HOW?’, it’s simple, just empathize. We do a lot of things around here, to keep them happy because a happy soul is far better than 10 skilled but unhappy souls.

Visakh Viswambharan

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Cloufi Technologies Crafting Tailored Solutions for Cloud-Based Software and Mobile Digital Solutions Yashasvi Khushu | Business Connect

T

he essential basics of Salesforce have changed the scenario for the delivery and methods of using enterprise software. Its set up is not reliant on IT experts because of its cloud-based origins of the software, Salesforce has successfully redefined the ways to strike a connection with the customers.

Now everything from identifying the customer needs, bringing solutions to the problems faster, making apps that focus on the requirements of the customer to building bonds that are meaningful and long lasting is all made conceivable with Salesforce.

In the present scenario, cloud computing has turned into one of the most powerful and ground-breaking versions of themselves and are seen with enterprise sales and the relationship management software complementing it and developed by the Salesforce.

Educating yourself on the skills of Salesforce, as in advancement or the Administration is measured as one of the most substantial career goals in the world of marketing, sales, and technology. It puts to use Cloud technology that is by itself a supremely capable area in the world of Information Technology.

Cloud comes with a solution for everything under one umbrella that one is looking for in all the critical aspects of any business procedure.

CHITIZ AGARWAL Founder & CTO Cloufi Technologies

Working on the similar lines of successful offerings, Headquartered in 2441 Bartlett St, Houston, TX 77098, USA, Cloufi Technologies aggregates a passion for client satisfaction, technology innovation, and business process expertise and a global, collaborative workforce that symbolizes the future of work. Cloufi Technologies is one of the world’s leading providers of Salesforce consulting, technology, outsourcing services, and local professional services.

Present in over 3 countries with almost 200+ people, the Cloufi Technologies helps its clients transform in order to enhance their performance and competitive positioning. They offer a wide range of Salesforce services that aggregate top technology with deep sector expertise.

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THE VISIONARY! Chitiz Agarwal, Founder & CEO, Cloufi Technologies, Chitiz comes with 12+ years of experience in Salesforce.com, CRM Platform, and Java technologies. He has been involved in various stages of Software Development Life Cycle (SDLC) including analysis, requirement engineering, architecture design, development, enhancements, testing, deployment, and maintenance of standalone, multi-tier, web-based, and portals based object oriented enterprise applications. He is a certified DEV 401 developer, ADM 201 Administrator, and Sales Cloud Consultant.

He also has 8+ years of Techno-Functional experience with Salesforce.com/Force. com platform in providing CRM solution. With an ability to independently perform development, testing, implementation, documentation, and updating, he works independently and engages as a supervisor when needed to handle a full workload and meet proposed deadlines. He brings to the team excellent Interpersonal, Communicational, Organizational and Team Leading skills.

day have become handy for an answer and solution at the whims and fancies of customer requirements. Once you have introduced the establishment of your brand in this booming industry, it will be coupled with a massive scope of growth and availability to learn the ever-transforming technology with promising affluence. The acceleration of this vertical in your business not just eases the workload of its end user but also brings on a platter a variety of suites full of tools and kits to reduce the burden of your work monotony. It spares you enough time to productively engage your expertise in strategizing solutions for developmental advancements.

Salesforce provides for your business a number of solutions like interactive communications, smart approach to work and tailor-made cloud solutions.

ABOUT THE COMPANY Cloufi Technologies is a boutique consulting and technology firm with offices in the US and India. They craft custom cloudbased software and mobile digital solutions for enterprises.

Their chief objective is always to create a remarkable value for their respective clients (and their customers) by leveraging cloud and mobile technology, digital media, the internet and the talent of the people.

They provide an array of services which include the following: • Salesforce consulting – Salesforce sales cloud • Salesforce consulting - Salesforce service cloud • Salesforce consulting - Salesforce marketing cloud • Pardot by Salesforce • Remedyforce • Service Now • Salesforce CPQ • Web Development • Mobile Development • API Integration • Mean Stack Development Services • AWS • Firebase

Salesforce integration helps in saving much of your time by removal of different procedures that you perform through manual method. Automation in integrating also enables you to enhance the accuracy of data that you input and helps to prevent the repetition of any data. Integrating features is also meant to enhance the sales workflow at a rapid pace. It is essential to integrate the customer-facing application for providing the best-synchronized experience for businesses.

Proper integration also leads to having efficient training in sales, customer care, that can eventually help you for inviting customers and this, in turn, enhances your business growth.

There are various efficient Salesforce products that you can choose as per your business requirements and preference with Cloufi Technologies. The cloud solutions they provide also helps to enhance your business revenues with each passing day. Different kinds of Salesforce products include click stage update, approval widget, auto-capitalize your data, code backup, easy debug tool, EMI calculator, message board, native calculator, photo uploader pro, task handler, etc.

Salesforce is a powerful tool for marketing and promotions and Cloufi Technologies designs and optimizes your sales process to maximize cross-selling, up-selling and deliver effective personalized marketing to the customers. With more than 100 enterprise custom cloud engagements across sales, marketing, service, HR, finance, collaboration, and operations, Cloufi Technologies’s experts bring a real-world understanding of how to help you power every part of your business with cloud and mobile solutions. They speak customer’s language and their loyalty is to the clients only & not to the technology of the day nor to the big software vendors.

All the Salesforce products offered are aimed at streamlining your business which in turn augments the revenues of your business massively. Their team of experts is always at disposal to assist their customers in need of any form of clarity on cloud services and the process of further selecting the best solutions that fit the business needs perfectly.

They are working towards the incorporation of the best technology for their clients and their customers. They help associations quicken advancement with cloud administrations.

With so much happening in terms of technology today and the industry of salesforce touching the sky, companies to-

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Technology

How Credit

Card

Companies Make Money

C

redit cards are one of the most important and valuable items in our modern society. They allow us to do many things such as purchasing items online, buying groceries, travel more cheaply etc. We usually use credit cards to make purchases that aren’t money-based when we want to avoid carrying cash or putting aside a hefty sum for a more significant investment.

It may seem to you as a cardholder that you are the primary source of revenue for every credit card provider. But that’s not the case. The issuer is the only type of credit card company that receives a direct profit from the cardholder. The majority of the money card issuers receive from cardholders comes from fees. The majority of those fees can be avoided by informed customers, which is a plus.

Whether or not you have a balance, credit card issuers and payment networks are paid every time you use your card. By becoming familiar with the system, you can better understand how you (and the companies you buy from) pay for goods and services.

Annual fees

These are costs the cardholder must pay to maintain the account open. Credit cards with rewards programmes typically include yearly fees. The expense of those rewards is, in this case, partially covered by annual fees. Conversely, some credit cards for people with bad credit also impose annual fees. The yearly fee for these cards assists in reducing some of the risks to the issuer associated with extending credit to someone with a poor credit history.

How Credit Card Company Make Money from Cardholders?

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Interest fees

transaction that utilizes their network, each payment network assesses a flat fee to the merchant. This fee covers the cost of maintaining their payment networks.

The majority of issuers derive the majority of their revenue from interest charges. The issuer will charge you these fees when you keep a balance on your card after the due date.

Essentially, the card issuer pays the merchant when you purchase using it. The money belongs to the issuer until you pay the balance. The issuer receives interest payments as payment for the lending. A percentage of your credit card balance is used to calculate interest charges. Your credit card’s annual percentage rate (APR) will determine that percentage.

Your interest charges will be higher the higher your APR.

Typically, assessment fees represent a small portion of the transaction value. Their share of each transaction can range from 0.13 percent to 0.15 percent. Depending on the particular payment network, the size and nature of the transaction, as well as the assessment fee (credit vs. debit card, etc.).

Processor fees

We now come to the processor charges. The merchant will be charged for the privilege by their credit card processing business. Depending on the terms of the agreement between the processor and the merchant, processor fees can take many different forms.

Your credit risk, based on your credit history, is generally reflected in credit card APRs. You’ll probably get a lower APR if your credit is excellent. A higher APR will be offered to you if your credit is poor. A good APR for the most widely used credit cards is between 10% and 14%. On the other hand, some subprime credit cards have interest rates as high as 36%.

The interchange and assessment fees are typically included in the per-transaction cost that merchants must pay. The issuer and payment network will then receive those fees from the processor.

Transaction fees

Other than straightforward purchases, most other credit card transactions have a fee. You must pay a balance transfer fee, for instance, if you make a balance transfer. Cash advances on credit cards work the same way. Many cards also charge foreign transaction fees when you purchase in a different nation or currency.

Additionally, processors will levy various fees to defray their expenses. For instance, the processor will charge an equipment fee if the merchant purchases or rents their payment terminal. There are typically service fees to pay for the processor’s overhead. Service charges may be assessed on a per-transaction, per-month, or per-year basis.

Penalty fees

When you open a credit card account, you and the issuer enter a legal agreement. Most issuers will charge you a fee if you violate the conditions of that contract. For instance, the issuer will likely assess a late fee if you pay your bill after the due date. Similarly, you might have to pay an over-limit fee if you spend more than your credit limit.

Conclusion

The list above is a general overview of the high credit card costs.

Credit card issuers make money directly from merchants by charging interchange fees, assessment fees, and other charges.

The other parties in the transaction process get their cut by assessing costs to the issuers and payment networks they use.

How Do Credit Card Companies Make Money from Merchants?

The more powerful and pervasive your credit card, the higher your interest costs, and interchange charges. Your credit card issuer also gets a piece of that pie, costing you hundreds of dollars over time. We hope that the article gives you a brief understanding on How Credit Card Companies Earn Money.

Everyone benefits from merchants, even though credit card issuers are the only card companies that make money directly from cardholders. Through various processing fees, issuers, networks, and processing businesses receive a portion of the money merchants pay.

FAQs

Interchange fees

Q.1- What do credit card companies make the most profit from?

Your issuer will charge the merchant a fee each time you use your credit card so they can process the transaction. It is referred to as an interchange fee. The percentage of the transaction value charged as exchange fees typically ranges from 1 to 3 percent. The precise interchange fee, however, can differ significantly depending on the card you use, the issuer, the type of merchant, how you pay, and even by the card you use.

By charging fees, credit card issuers generate income. Interest fees are the main source of income among the many fees. The bank is authorised to add interest to the borrowed sum when cardholders don’t pay off their balance at the end of the month.

Q.2-What is the profit of credit card to bank?

Merchant Fees Banks charge merchants an interchange fee that is a tiny portion of the transaction price. With so many transactions occurring each day, even if this represents only 2 to 3 percent of the total, it nevertheless represents a significant source of income for the bank.

The cost of maintaining your credit cards accounts, such as fraud prevention and account security, is covered by interchange fees. Your card account is still profitable to the issuer as long as you make purchases, even if you never pay an annual fee or interest. Because of this, issuers close inactive accounts. They aren’t making money off the version if you don’t use your card.

Q.3- Who is the biggest credit card company in the world?

American Express (AMEX), which operates in over 160 nations and territories, is the largest credit card company in the world in terms of transactions, issuing an average of 6 billion cards annually.

Assessment fees

Interchange fees and cardholder fees cover the issuer’s expenses. So how do credit card networks generate revenue?

The assessment fee enters the picture here. On each credit card 33

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Growth

HOW TO STAY MOTIVATED AS A SMALL BUSINESS OWNER

M

10 QUICK TIPS

otivation is essential when you are trying to launch a new business, attain a professional objective, or run your company’s day-to-day operations. Lack of motivation can undermine your capacity for success and erode your confidence. Your ability to take on challenging objectives and achieve greater degrees of achievement in your organisation will increase with your level of motivation.

These are the ten quick tips on how to stay motivated as a small business owner. These suggestions can help you become more motivated, emerge from a rut, and position yourself to accomplish each and every one of your goals.

HOW TO STAY MOTIVATED AS A SMALL BUSINESS OWNER START WITH A ROUTINE

Getting started is the key to becoming motivated.

Because of this, you should establish a perfect morning routine that will assist your body and mind be up, concentrated, and ready to form new habits. You should evaluate and fine-tune your strategy each morning as part of your morning routine, or what John Meyer calls your “8 for the Day Routine.”

SET TIME FOR YOURSELF

It is crucial to schedule personal time during the day for oneself because business owners frequently become totally consumed with their operations. Allow yourself the freedom to wander, reflect and meditate, or even engage in physical activity at this time. Utilise this time to eat healthily and drink water, two critical routines that will significantly aid in keeping you focused.

FIND YOUR HAPPY PLACE

This is not meant to suggest that you sit and meditate on windy beaches, but that you identify the physical place where you seem to work the hardest and go there when you are having difficulties getting motivated. You are doing this in front of your computer at your desk.

On a laptop in your car. You cannot be interrupted or have questions asked at Starbucks. When you need a little additional incentive, go to the place where you can be more productive, even if it is uncommon.

SAY NO TO DISTRACTIONS

When you lack motivation, there always seems to be something more important than the task you need to

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complete. Suddenly, your non-infrared mouse has to be dusted off, your monitor needs to be thoroughly cleaned, and your office might even need to be painted.

Recognize that this detour is impeding your progress and remove it. If you cannot resist the desire, change your surroundings to a place without distractions.

BALANCING PERSONAL AND PROFESSIONAL LIFE

Finding a balance between your personal and professional lives is one of the most crucial aspects of being a mentally sound small business owner.

The hours are never-ending because this is full-time, passion-driven employment rather than a 9-to-5 job.

There is no cap on the volume of work that can be completed regularly. Still, one must exercise selfdiscipline regarding work hours, social engagements, time spent with friends and family, breaks, and avoid overworking.

MAINTAIN A POSITIVE ATMOSPHERE

The primary thing that kills motivation is negativity. If unmotivated people are around you, staying motivated and developing personally is impossible. This applies to your home and workplace settings, although it is most relevant there. Get rid of any staff you have immediately if they are not dedicated to their current position. You will work harder if the surroundings are encouraging since it increases your motivation. It would help if you strived to do this within your organisation.

FIND BUSINESS INSPIRATION FROM YOUR COWORKERS

An extensive network of entrepreneurs, small company owners, and coworkers in your section might be a precious support system. Not only can you share tips and criticism, but it also gives you hope to know that you are not the only one dealing with difficulties.

Establish ties, join small business owners’ groups, get together, and attend networking functions.

TAKE WORK BREAKS

When you put in extended work hours, staying motivated can be challenging. It is crucial to take periodic pauses throughout the working day to stretch, move around, and drink water. With so much to get done, I know it can be challenging to establish a worklife balance as a business owner but try to avoid making it difficult for yourself to remain motivated. Giving

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yourself a break to watch a movie, check social media, or take a stroll can allow you to return to work feeling rejuvenated and prepared to finish a few more jobs.

RESET AND REASSESS YOUR OBJECTIVES

Take some time to consider and write down your present goals if you lack motivation. Set achievable objectives. You should be capable enough to communicate with them effectively. Be reasonable; large or overwhelming aspirations become a burden rather than a destination. To make goals more attainable and manageable, break them down into smaller milestones and constantly reevaluate them as your firm grows. As a business expands, it changes. Even a new employee can significantly alter how your work is progressing, preferably for the better. Working toward more modest, attainable goals makes it simple to stay motivated.

SET A NEW GOAL

Your objectives will significantly change as your company expands. See if you are ready to make a change, as it is crucial to review your future goals periodically. If you no longer enjoy what you are doing or believe that you are not improving and moving forward, it might be simple to feel unmotivated. Do not be scared to venture out and try something novel and intriguing to mix things up a bit!

The struggle to remain motivated is one that many business owners experience frequently. Lack of motivation leads to the failure of many businesses. There are ways to stay motivated as a small business owner, overcome this problem and eventually grow a more profitable business.

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For Unmatched A-to-Z IT Solutions Indranil Roy | Business Connect

COMPANY OVERVIEW

Errorkart, owned by OnlineTekSupport IT Solutions [P] Ltd, is a Service, Solutions and Sales center for all IT devices. A brainchild of Mr Shreevardhan, the company is a trusted IT service partner for various organizations across multiple sectors like banking, finance, IT, manufacturing, etc. Based in Bangalore with a pan-India presence, the company specializes in providing complete solutions and repairs from simple to complex technical requirements for all brands of PCs, laptops, printers, and other devices. Additional services offered by Errorkart include Annual Maintenance Contracts, Networking and Firewall Solutions, and Server Hosting IT Procurement. In short, Errorkart is the way to go if you need a one-stop solution for all your IT requirements.

Mr. Shreevardhan ventured into the computer business in 2004. With more than a decade of experience in the industry, he is a visionary leader with unquestionable skills leading the company forward on its path to success. His agile marketing skills have pushed Errorkart way ahead of the competition curve. Calling himself an “enabler rather than a driver”, Shreevardhan dreams of regulating an unregulated sector.

Under his leadership, Errorkart keeps itself updated with all the latest happenings in the field. IT being the crux of its business, technology is in its DNA. The company feeds the technological advancements to its system to improve the process cycle and reduce the time taken to resolve any issues at hand.

Errorkart has come up with an “R4 framework”: Register, Respond, Reach, and Resolve, which helps it prioritize and deliver the customer’s needs effectively.

The company has deployed early warning systems that flag issues in case of a trigger to the set condition, and by following the framework the team ensures that all their transactions are mistake-proof. In the rare cases they do find any anomalies, the team checks the entire flow of the transaction to get to the root of the issue and fix it immediately. They also undertake Corrective and Preventive Action to eliminate any further non-conformities or undesirable situations. Their consistent and continuous rigor ensures that the end customer gains not just a service but an experience. www.businessconnectindia.in | Vol. 5 | Special Edition August 2022 INDIA

Shreevardhan Chandrashekar Founder and Managing Director

In today’s world, anything at all can be copied, and Shreevardhan understood this even before the inception of Errorkart. He built up the company on foundational virtues that cannot be replicated: passion, skill set, and strong systems with regular upgrades. Another feather in Errorkart’s hat of uniqueness is the 90 days workmanship warranty it offers owing to its partnership with all major OEMs. The company being a one-stop shop for all IT needs, anyone who uses a computer is a potential client for Errorkart. Some of the organizations it works with include TATA ,Nordex, Common Bank of Australia, Omega, ShakeDeal, Pratham books, CPF India, JDL, Shahi Exports, etc.

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THE LEADERSHIP TEAM

Shreevardhan Chandrashekar (Founder and Managing Director) is a passionate and dynamic entrepreneur with more than two decades of launching and running successful business ventures under his belt. At Errorkart, he is supported by: Archana Shreevardhan, Director Mrs. Archana Shreevardhan has worked previously with SAP LABS, Accenture, HCL & FADV, and has led many Technical Writing Strategy and Transformation engagements for clients in the USA, Europe, and Australia..

Manjunath Nanjunada Rao, Director A Chartered Accountant by qualification, Manjunath Nanjunada Rao oversees the company’s accounts and financial decisions.

Deepthi – Manager Admin Mrs. Deepthi holds an MBA in HR. She is responsible for managing the service quality of both Retail and Corporate clients.

Harish Gangadharan--Procurement Manager Purchasing the right product/component is one of the keys to success in the ITES industry. Mr Harish plays this role for Errorkart.

Manjunath Pillai With over thirteen years of operation experience, Manjunath takes care of the day-to-day operations at Errorkart, which include motivating the team, clearing bottle necks, implementing new strategies, and so on.

Nagaraj Nada Nagaraj takes care of day-to-day Lead Execution and Allocations to the team.

The team at Errorkart prides itself on its work: there can be no better feeling than the contentment that comes with fixing someone’s problems. The clients rely on Errorkart for their IT needs, and the team transforms their concerns into happiness. It is a practice at Errorkart to discuss how their work satiates the end customers, and it fills them with a sense of passion to go beyond their call of duty when working on the customer’s tickets.

They ensure that all bottlenecks are navigated together as a team instead of by individuals, and this involvement encourages the team spirit at Errorkart. Added to that are the activities designed by the employee engagement team (FubClub), personalized celebrations like birthday parties and anniversaries, and quarterly get togethers that inculcate a sense of belonging in the employees.

When hiring new talent, the management team at Errorkart identifies and retains the right talent, grooming them within the company using the “3M approach”: Motivate, Monitor, Mentor. They help them grow along with the company, showing them a career path and encouraging them to build a successful career. They cultivate passion rather than pressure in the employees, and that helps them do better than average.

mainly directed to it through its online reputation.

ACCOLADES AND FUTURE PLANS

Through the years, Errorkart has received recognition and has built up a reputation in the industry. Errorkart was appointed by the Bengaluru III Addl. District Consumer Dispute Redressal Commission as a commissioner to examine a hardware component and submit its findings on behalf of the court following a consumer dispute against an e-commerce giant.

Owing to its carefully curated team, Errorkart has been able to stay afloat even during the pandemic. An unprecedented situation for them as it was for most of us, it took significant dedication to keep it going during the lockdown. It got quite difficult to procure the stocks, quote work estimates, commit a delivery time, and at times to even move within the city. Errorkart not only waded through the storm, but also contributed to the situation by ensuring that the consumers stayed home safe while they attended to their IT necessities. A responsible organization through and through, Errorkart got all its employees vaccinated, trained them on COVID protocols and closely monitored their movements in the city.

THE FUTURE ENDEAVORS FOR ERRORKART INCLUDE Errorkart CarePack: a hassle-free extended warranty plan to protect valuable devices, and Mission K2K (Kanyakumari to Kashmir): more brick-andmortar stores across India serving customers across the country.

FROM THE FOUNDER

Once you have zeroed in on an idea, develop a vision on what it would look like at the end, and then stick to the plan with a never-give-up attitude. Form a core team, and be a man of possibilities rather than a dream seller.

Shreevardhan Chandrashekar (Founder and Managing Director)

Passion is at the heart of Errorkart. The company invests time and resources in ensuring that every customer is delivered not just a service but an experience, and the biggest and best source of its leads is still organic, repeat and referral customers, 41

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Leading centralized End to End Technology Infrastructure and Technical Talent solutions & services

“Stick to the roots, keep doing good work, have patience and believe in yourself”.

-NEO

Investing in the same cause, Geekay Infotech, full of knowledge about Technology consulting provides integrated solutions and services under one roof. Technology is a key value driver for every enterprise in today’s business environment.

Enterprises require reliable, flexible, secure, and responsive Technology infrastructure, all at lower costs, so they can remain competitive in business. Hence, they are successfully transforming their clients’ IT environments to leverage these next-generation technologies across their data centers, networks, and end-user computing environments.

In a conversation with Business Connect Magazine, Ninad Kothari, MD & CEO, Geekay Infotech, talks about their specialized End to End Technology Infrastructure solutions, Technical Talent services and more, Ninad Kothari, MD & CEO, Geekay Infotech,

Yashasvi Khushu | Business Connect

H

itting the crescendo in this year, the pace of technology disruption & creation is booming. Digital bend in technology is being embraced with high spirits by the government, industries and the society in general.

Ninad Kothari is the founder of Geekay Infotech, besides being BE, MBA, PMP, BCCP. He has served many leading organizations like JP Morgan Chase, CRISIL Ltd, Reliance Infocomm, Reliance Industries Ltd. at various senior positions. He brings with him a vast experience of 18+ years in technology domain & in various industrial sectors such as consultancy, financial, telecom, educational, healthcare, IT, Logistics, Travels and etc.

The ever amplifying industry of IT has not just helped the industrial sector grow but as also bought India on the map respectfully. The Indian economy has witnessed a steady growth after the contributions that have been made by the IT vertical and its hub of innovators towards the GDP of the country with solutions provided across the globe through world-class technology. Today, there are a number of national and international organizations that have made their set up in the country and are helping towards transforming the economy to a knowledge-driven one from agricultural based.

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Business Connect: How do you feel you are different from your competitors?

Ninad: Competent resources, process-driven approach and customized solutions for managing the client’s infrastructure is our USP. Our commitment to delivering the value and ethical practices has enabled us to become a trusted business partner from a vendor.

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to help my people grow and excel in their fields by mapping their aspirations and providing them training to meet them.

Business Connect: Did you see any transformation happening for startups, over the years in your field?

Ninad: There are a plethora of startups coming up now. One of the major factors is support from the government and its initiatives are helping businesses to grow. There are many innovative ideas which are taking place of old school ideas or approaches. Technology & Ethical culture has played a huge role in business transformation.

Business Connect: Who is your role model in the business/ entrepreneurial world and what have you learned from the person?

Ninad: In this world, there are various people who have inspired me. Starting from my father Dhiren Kothari, Dhirubhai Ambani, Ratan Tata, Steve Jobs, Warren Buffet, and Elon Musk. I have learned various qualities from all of these personalities like Perseverance, innovation, adherence to your root values, patience and to come out stronger from your struggles & mental balance.

Business Connect: Did everything come easy, or you have your story of struggle?

Ninad: Nothing is easy in life and if it’s easy it’s not worth it. We had our share of struggles like financial, right team, managing clientele, ethical dilemmas, and a few others. We learned from our losses, moved ahead on the learning curve and improving our personality.

Business Connect: How are you giving back to society (CSR, if any)?

Ninad: We give financial aid to an institute which helps people find inner peace through meditation. Also, we provide resources to people through which they can earn their livelihood. Our company is associated with a few NGO’s which are helping poor people with food and education.

Business Connect: What kind of clients do you serve any special mentions?

Ninad: We serve clients in various sectors like Healthcare, Education, Construction, Financial, Telecom, NGO’s, Tours and Travels, etc.

Business Connect: Apart from work, what else do you like to spend your time doing?

Ninad: I like to meet people and watch videos on motivation, personality development, and biographies. I like various sports like marathon, swimming and also enjoy adventure sports like trekking & skydiving.

Business Connect: How do you ensure unbreakable faith of clients in your company?

Ninad: We stick to our values and stay true to our ethics.

We ensure to deliver our commitments and provide results beyond clients’ expectations. Exceptional communication, openness, and integrity help us to maintain a relationship with our clients.

Business Connect: How do you see the initiatives of present government with respect to your industry? Have they helped you in any sense?

Ninad: The government has empowered the entrepreneurs through their initiatives like Start UP India, Digital India, and ‘Make in India’. They have helped us by streamlining the tax reforms. There is less administrative cost now.

Business Connect: How do you keep pace with the changing market trends?

Ninad: We are working with Tier -1 client and business associates who generally lead or influence the change. Being a trusted partner, we do participate/contribute to the process of change. In today’s world, change is the only constant and we have to be agile and adaptable.

Business Connect: What are the achievements and milestones of the company?

Ninad: The Company has expanded from 1 person to strength of 200 today. We have been able to fetch and retain top clients across various sectors. We have been enlisted among the top 100 MSME companies in India by OBC (Oriental Bank of Commerce).

Business Connect: Do you believe R&D is essential for the growth of the company?

Ninad: Definitely. Through R&D, you come up with several innovative ideas that help you to save both time and cost.

Business Connect: Do you still come back to work with the same zeal, like you did when you started?

Ninad: Absolutely. Infact its increasing day by day. Every day has something new to offer for our learning and fun which helps us take our business to greater heights . Few bad days does not act as roadblocks to me.

Business Connect: What does the future hold for the company?

Ninad: Future looks bright. We are expanding at a fast pace.

Lessons from the past will provide multifold growth in future.

According to recent researches, the IT sector is all set to see a hike and revenue generation by the end of this year which will consequently see a positive change in the Indian economy with a higher growth rate. With the rise in spending on the sector of healthcare and automotive sectors, the government is also looking forward to widening the e-governance measures.

Business Connect: In terms of your market, what do you feel the future holds for entrepreneurs?

Ninad: On my recent trip abroad, I realized our population is our weakness so is our strength. In terms of this market, it is people who makes the business run. Still, there is a gap between demand and supply and there is a need for quality service providers. Though competitive within our country, I see entrepreneurs booming on the world map.

The factor that is getting the maximum attention today for growth is continuous innovation which pushes to always work towards coming up with something new and respond to the vigorous surroundings.

Business Connect: How necessary do you feel is it to keep your employees content, how do you ensure it?

Ninad: People are the backbone of any business. Happy and content employees are productive employees. I always try

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FLIPKART

START SELLING SCOOTERS ON ITS

WEBSITE

From kitchen appliances to clothes, many people now depend on online shopping sites to buy all the things of daily life. Popular e-commerce company Flipkart has now started selling scooters too via its platform. Yes, you read that right. Now you can order a scooter of your color choice from the comfort of your home with a single click. Not only this, but you will also get attractive discounts.

FLIPKART

Online retail company • • • • • •

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CEO: Kalyan Krishnamurthy Founded: October 2007, Bengaluru Headquarters: Bengaluru Founders: Binny Bansal, Sachin Bansal Subsidiaries: Myntra, PhonePe, Cleartrip, Ekart, Mallers, Inc., MORE Parent organizations: Walmart, Ekart

The newest electric scooter from Bounce, the Infinity E1, is now available for purchase on Flipkart. The scooter has a starting price of INR 70,499 on the e-commerce platform. Additionally, there is a flat INR 5,000 discount on the prepaid transaction, so users may get the scooter for an actual price of INR 65,499 if they choose to do so. Flipkart’s listing mentioned that customers will be required to pay an additional amount to the dealer and for the charger as well.

There are basically insurance, registration, and handling charges, so you will have to spend an additional INR 7,601 as well as INR 9,999 for the charger. So, if you avail the prepaid transaction offer then the total cost will be INR 83,099. If you choose to go without any offer, the amount will be INR 5,000 more. The company is also giving a 3-year warranty for the scooter.

However, now you will not find bikes or scooters of different companies on Flipkart. Bounce Infinity Scooter is currently showing on search. It has also been informed that for the time being, users in Delhi, Maharashtra, Karnataka, Gujarat, and Telangana can order e-scooters from Flipkart.

However, in the coming days, scooters from more companies may be sold across the country on this platform.

Commenting on the new marketing move,

“

Vivekananda Halekre, CEO & Co-Founder, of Bounce, said, We strongly believe that electric scooter distribution will be an Omni channel play and e-commerce will be instrumental in its geographical expansion and customer delight. We are delighted to make our products available on Flipkart as we find synergies in our approach to meet the evolving needs of customers in a seamless manner.

BOUNCE INFINITY E1 SPECIFICATIONS • • • • • • • •

Charging Time 4 hr Range 85 km 2KWh Removable Lithium Ion Battery Maximum Speed 65 km/h Bright LED Projector Headlights Modes: Power, Eco, Cruise, Drag, and Reverse Front and Rear Disk Brakes with Combi Braking System Smart Battery Systems with Builtin BMS (Battery Management System) and VCU (Vehicle Control Unit).

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MxiCoders Aims for the best to serve the best

Ashok Rathod CEO, MxiCoders

I

Vikas Jha | Business Connect ndia has come a long way since the beginning of IT revolution in early 1990s. Gone are the days when one was meant to wait for long hours for even the most mundane task. Now is the time when everything you want can be accessed on your fingertips and that too within a few seconds. We are living in an era where Information Technology is the king. To survive in this world, everyone is hoped to upgrade as per the need of the hour. If we talk about business and entrepreneurship, Internet has had a crucial role to play in the last couple of decades.

expertise in the domain of development, business automation & transformation, business & technology consultation, IT Products Development, and support & maintenance.

It is into IT product only for niche audience and realms / vertical. Since its inception in 2006, the friendly culture of Code with Love has retained the skilled technical employees and valued customers. It provides tremendous technical support before and after product launch. What places it apart from the peers is the life time free technical support.

With the rapid expansion of IT, numerous platforms became a quintessential part of our daily lives that include Web & Mobile Application, Blockchain, Wallet, Payment Gateways, Open-Source, Cloud Solutions with AWS / Google Cloud, among many others. To cater these IT needs, a budding entrepreneur Ashok Rathod established MxiCoders Pvt Ltd in the beautiful city of Ahmedabad. The Company holds the

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“Building A high credible business relationship is the key for sustaining in competitive IT market”, proclaims Ashok.

Moreover, the company keeps adopting new technology apart from upgrading skill sets as per trend and industry demand. The Company has traversed a long distance that is reflected in its service delivery.

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Heavyweight clients There are many business transformation brought by it. The Company built location based Mobile Application for WAZOO Mobile Technologies: WAZOO and StyleSwiper. Apart from this, it built complete business automation for Fleet Management Solution for PrivateFleet USA. It also worked for Recruitment Business ERP Solution for IIMA (Indian Institute of Management Ahmedabad). Not only this, it helped over 500+ startups at very negligible cost because it believes in supporting others to get support.

Employee’s satisfaction is very important for the company.

It maintains friendly and knowledge sharing environment for and with employees. It engages them with some social activities and group discussion within group. Such is the environment that every employee feels entitled and considers it own company and remains responsible for their duties. It has always ensured employee’s freedom so that the employee remain stress free at work to give his/her best in the work.

Mr. Narayana Murthy, the founder of InfoSys, has always been his first inspiration. Both started their journey in small residential apartment with 3 friends and 3 employee. Moreover, he has learnt a lot from Steve Jobs (Founder of Apple) and Jack Ma, Founder of Alibaba.

Nowadays, IT business is not easy as there is a flood of IT business in the market. Making a good impression in the first meeting can bring a positivity. The hunger of the company for the work makes it charged to accept any kind of challenging technical work at high competitive rates. Hence, it has 10+ recurring permanent customers and maintains good business relationship with them.

Ashok Rathod is not only a good businessman but a philanthropist as well. He never lags behind on the CSR front. He has deep respect for our soldiers and that is why he keeps donating frequently a part of his profit on them. In the recent past, he donated for the critical natural disaster that played havoc in Kerala. Moreover, he is a firm believer of creating opportunities for startups.

Ask Mr Rathod how he has been able to win the hearts of the long standing clients and he says, “Transparency is the key for maintaining faith with clients”. One needs to be very straight forward and needs to clear everything before signing service contract agreement. One should share calendar schedule from the beginning. It is advised to be available to attend conference call 24/7.

Mr. Rathod says,

“Believe in yourself and work for the respect, not for the money.”

The Company is aware of the latest technology and is making full use of it through social media. It believes in learning and adopting new technology as fast as possible. To this end, it provide proper technical training to the employees. Moreover, it invests 20% of the total time in research about new technology and gets prototype ready to impress the clients.

R&D is the main factor if you are running an IT services based company. Research helps get the best solution for the customers. As per the current era of the IT industry, only the best product will survive in the market. The Company takes inspiration from competitors and their activities. They influence it to be upgraded as required with time and trends.

Love what you do Mr. Rathod is very enthusiastic for his work. He says, “I cannot sleep if there is any unread message in my WhatsApp, Email, Skype or any messenger application. I don’t just reply to the message but also address the prospects / clients concerns at the same time.” He makes it a point to remain available for conference call anytime in any time-zone. He believes in doing his job out of the box to compete with the tons of competitors in the market.

What inspires him to remain always on toe? He believes that only the best solution providers will survive and sustain in the market. Now, clients know what they are doing and they prefer the best at reasonable cost instead of wasting time and money with cheap solution. Scalability, performance and security at good user-interface have emerged as crucial in IT product development but technical support after launching the application is inevitable. There is a bright future for the best technology solution providers.

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Thinkinno

For Fineness in All Your Custom Software Product Development Needs Yashasvi Khushu | Business Connect “One should spend time only on the most important things. Be productive, not busy”, Mr. Vishal Mistry, CEO, Thinkinno Technologies Pvt. Ltd. In the present scenario, India is globally being considered the hub for outsourcing software solutions and in spite of the challenges spurring inherently, indisputably the growth is amplifying year by year.

One of the major factors contributing to the growth is the input of the outsourcing service sector. And on the likes of it, passionate about developing software solutions, Thinkinno Technologies is ardently adding value to their business by comprehending the needs of the clients and accordingly analyzing appropriate features to deliver usable solutions.

Mr. Vishal Mistry, CEO, Thinkinno Technologies Pvt. Ltd.

He is a techno-functional entrepreneur, with an experience of over 20 years in the software development industry. He was successful in creating a vision, identifying opportunities and building organizational value. Achieved success through combined expertise in strategic analysis, business development, communication, and team leadership.

He has managed to successfully execute offshore development projects in the BFSI domain. With the ability to continuous improvements in all the areas, he is recognized for the ability to drive a culture of service resulting in increased revenue, customer retention, and value addition and employee engagement. A developmental leader who believes in the value of an empowered team to produce desired results.

Mr. Mistry, while in conversation with Business Connect Magazine takes us on a tour of his company, beliefs, plans and more.

Vishal Mistry

CEO

Mr. Mistry: Thinkinno was incorporated in 2013 with the sole intention to contribute to the success of the clients through customized software development services. It includes Web-based Applications, Mobile Applications (Native & Hybrid). We have successfully executed projects for clients in USA, Corporates, and SMEs in India.

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very important to let them know about their contribution, how they are adding value and how every bit is an output of combined effort which can only be achieved with a great team.

Business Connect: What kind of activities do you conduct to keep your employees energized?

Mr. Mistry: Internal Training, Workshops, Team Activities, Feedback on Individual’s Views/Ideas for Company Growth, Periodic Review & Guidance for their growth, being open to new ideas and initiatives.

Business Connect: What gives you an edge over your peers?

Mr. Mistry: Team Thinkinno has been constantly pursuing the new possibilities to give their clients an edge over their competitors. Also, we ensure that the project is delivered as per the Scope, Time, and Cost and with great Quality. And the ideas & suggestions given by us gives an edge to our customers over their competitors.

Business Connect: Do you see any transformation happening in the entrepreneurial world?

Mr. Mistry: Yes, entrepreneurs are realizing the worth of being dependent on the team. They no longer seem to have the mindset of “I’m the Boss and I know everything”, this attitude empowers the team and gives them the freedom to enjoy facing the challenges.

Business Connect: Who is your role model in business/ entrepreneurial world and what have you learnt from the person?

Mr. Mistry: Past Employers (Yogesh Upadhyaya, Sandeep Bhandarkar, and Dheeraj Vasishth) – Be Genuine, Truthful and Transparent with the client as well as with your team.

They have played a very important role in shaping me in my profession.

Business Connect: Did you face any obstacle during the initial days?

How did you sail through them?

Mr. Mistry: The one who has never faced the obstacles may not have a sense of achievement. Obstacles will always be there, one should embrace it, with the focus on the goal and never stop the process of continuous improvement, and this would help in getting the right breakthrough.

Business Connect: How does transforming technology impact your business?

Mr. Mistry: Transformation in technology has affected positively, it has brought so much of excitement and opened up so many possibilities. We too are ready to have fun and excited to contribute to this space of IoT, AI & Big Data.

Business Connect: What kind of clients do you serve or have served in the past?

Mr. Mistry: In USA, Plansmith Corporation - We have developed multiple complex finance based applications that are used by 1000+ banks in the USA. In India, HDFC Realty and Kotak Mahindra Bank are our clients. And have successfully executed projects for Manufacturing Companies, Realty Sector, Food Industry, Construction Companies and in the BFSI.

Business Connect: Is there anything that you have read, a book or a quote, anything that has impacted you heavily?

Mr. Mistry: The Goal by Eliyahu Goldratt – It’s about a manager who has challenges in the personal and professional life and how one day he identifies a pattern of a problem and takes care of it and applies the same in his professional life to eradicate the problems.

Business Connect: How do you ensure unbreakable faith of clients in your company?

Mr. Mistry: Transparency, Value Addition, Continuous Improvements and most importantly strive for your clients’ success and you will get yours automatically.

Connect the dots by Rashmi Bansal – It contains the short stories of inventors/innovators who started with a unique observation about a problem, came up with the solution and reached success in making a difference.

Business Connect: How have you ensured a smooth infusion of the latest technology?

Mr. Mistry: The team constantly upgrade themselves on the latest and we pursue the possibilities with the latest technologies and share the same with clients showing them the benefits thus we incorporate the latest technologies as appropriate.

For the client in the USA, Thinkinno has developed some complex finance based applications like Competitive Analysis, Forecasting, Interest Rate Risk Management, and Strategy Management & Market Analytics. These applications are used by more than 1600 banks in the USA. For these applications, team Thinkinno manages the data of 5500 banks every quarter.

Business Connect: How much do you rely on R&D for the growth of the company?

Mr. Mistry: In a normal project, most requirements can be met without major R & D, but some unique requirement or functionality certainly require R & D to be able to successfully develop the unique features. And such unique features or functionality most of the time becomes the USP for the success of our clients. So it does play a very important role to make a value-able difference.

They are responsible for updating the entire census data and bank branch data on a quarterly basis. In India, Thinkinno has worked for Corporates as well as SMEs. Also, other large IT organizations are looking to outsource the software project development to Thinkinno.

Thinkinno presently is aspiring to serve clients in Europe, to execute projects on IoT and bag more clients the USA. A SaaS-based product is on the cards for launch, while they are successfully providing custom software product development and maintenance services to their clients with a support to a number of web-based products.

Business Connect: Tell us something about your staff. How do you ensure their efficiency and positivity towards work in challenging times?

Mr. Mistry: Team Thinkinno comprised of great team members and we are proud of them. Communication is

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MAHINDRA

SCORPIO-N RECEIVES OVER

1 LAKH

BOOKINGS WITHIN

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Mahindra has registered over 1,00,000 bookings for the all-new Scorpio-N with an ex-showroom value of around INR 18,000 crore or $2.3 billion within 30 minutes of the opening of bookings. Customer enthusiasm for the all-new Scorpio-N has been exceptional as the Scorpio-N registered 25,000 bookings within a minute of the bookings opening.

19 lakh for the petrol variant and INR 12.5 lakh and INR 19.5 lakh for the diesel (all prices ex-showroom). Mahindra said the company will sell the first 25,000 units at the ‘introductory’ prices it had announced, while the others will come at the prevailing price at the time of delivery.

MAHINDRA & MAHINDRA AUTOMOTIVE MANUFACTURER • • • • •

CEO: Anish Shah Founded: 2 October 1945, Ludhiana Headquarters: Mumbai Parent organization: Mahindra Group Founders: Ghulam Muhammad, Jagdish Chandra Mahindra, Kailash Chandra Mahindra

“The booking website handled the heavy rush of orders well, but there was a brief glitch with the payment gateway provider. Mahindra wants to assure the customers that their timestamp is duly recorded on the booking platform before payment, hence each customer will have their correct place in the order sequence, and accordingly, the first 25,000 will be considered for introductory prices based on this sequence,” the company said.

The introductory prices of the Scorpio-N variant are applicable for the first 25,000 bookings. Prices for subsequent bookings will be as per the prevailing prices at the time of delivery. Bookings for Scorpio-N will continue to be accepted online and across dealerships.

“Customers’ enthusiasm for the All-New Scorpio-N has been extraordinary — the Scorpio-N recorded 25,000 bookings within one minute of booking commencement,” the company said in a statement.

Beginning on September 26, 2022, deliveries will start. By December 2022, more than 20,000 units are expected to be delivered, with the Z8L variant (the top model) receiving priority, according to the manufacturer.

The Scorpio-N has been priced between INR 12 lakh and INR

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MAHINDRA SCORPIO-N KEY SPECIFICATIONS

MAHINDRA SCORPIO-N PRICING (EX-SHOWROOM)

Fuel Type

Petrol, Diesel

Variants

Petrol MT Diesel MT

Seating Capacity

6 - 7 People

Safety Rating

Not Tested

Z2

INR 11.99 lakh

INR 12.49 lakh

Warranty

3 Years (Unlimited KMs)

Z4

INR 13.49 lakh

INR 13.99 lakh

Engine Size

1997 cc, 2184 cc

Z6

—

INR 14.99 lakh

Transmission

Manual, Automatic (TC)

Z8

INR 16.99 lakh

INR 17.49 lakh

Size

4662 mm L X 1917 mm

Z8L

INR 18.99 lakh

INR 19.49 lakh

W X 1857 mm H

Fuel Tank

57 litre

Ground Clearance (mm)

187 mm

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