The Most Successful Business Leaders To Watch

SUCCESSFUL

BUSINESS LEADER To Watch

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The Most

WWW.THEENTERPRISEWORLD.COM | APAC EDITION | DECEMBER 2023

BEYOND BORDERS: A Journey through Unforgettable Adventure of Bogota

MANOJ SUVARNA Co-founder

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Case Study ROLEX WATCHES: New Era of Luxurious Time

A CONTEMPORARY AGROPRENEUR

REVOLUTIONIZING AGRICULTURE

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ecoming a successful business leader is a complex and multifaceted process that requires a combination of personal traits, skills, knowledge, and experience. At its core, leadership is about influencing people and organizations towards a common goal or vision, and it requires the ability to make tough decisions, inspire and motivate others, and adapt to changing circumstances.

One of the key traits of successful business leaders is a clear and compelling vision of where they want their organization to go and how they plan to get there. This requires not only a deep understanding of the industry and market trends but also the ability to think creatively and take calculated risks.

Featuring for The Enterprise World’s this issue of The Most Successful Business Leader to Watch Out are the stories of such leaders who are inspiring others.

For the cover story read aboutManoj Suvarna’s professional journey has been both challenging and exciting. He started his career in the financial markets, working with prominent organizations like MAN Financial, Anand Rathi, Reliance Commodities, and Inditrade. These experiences introduced him to the intricacies of financial markets and agricultural commodities, providing valuable insights into the industry’s dynamics.

The turning point in Manoj’s journey came when he realized the immense potential to leverage technology to transform the agricultural sector. “Agriculture is the backbone of our economy, and I saw an opportunity to bridge gaps, reduce inefficiencies, and empower farmers,” says Manoj. This realization led to the establishment of Agribid Private Limited.

Robust Mission and Vision Agribid Private Limited was established in October 2020 with a clear mission and vision.

One such embodiment of transformational leadership is portrayed by Rutvi Sheth (Director of Communications and Public Relations, Advait Infratech Limited/ Advait Greenergy).

Driven by a leadership philosophy that revolves around fostering entrepreneurship, Rutvi’s leadership skills and stewardship have significantly impacted her peers and her organization.

Being at the forefront of Advait Infratech, she constantly fosters a growth mindset and encourages her team to drive constant growth and development.

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Manoj Suvarna’s professional journey has been both challenging and exciting. He started his career in the financial markets, working with prominent organizations like MAN Financial, Anand Rathi, Reliance Commodities, and Inditrade. These experiences introduced him to the intricacies of financial markets and agricultural commodities, providing valuable insights into the industry’s dynamics.

The turning point in Manoj’s journey came when he realized the immense potential to leverage technology to transform the agricultural sector. “Agriculture is the backbone of our economy, and I saw an opportunity to bridge gaps, reduce inefficiencies, and empower farmers,” says Manoj. This realization led to the establishment of Agribid Private Limited.

Robust Mission and Vision Agribid Private Limited was established in October 2020 with a clear mission and vision.

One such embodiment of transformational leadership is portrayed

by Rutvi Sheth (Director of Communications and Public Relations, Advait Infratech Limited/ Advait Greenergy). Driven by a leadership philosophy that revolves around fostering entrepreneurship, Rutvi’s leadership skills and stewardship have significantly impacted her peers and her organization. Being at the forefront of Advait Infratech, she constantly fosters a growth mindset and encourages her team to drive constant growth and development.

LEADERS IN SPOTLIGHT

For the cover story read about-

CONTENTS

12

Manoj Suvarna

Beyond Borders: A Journey through Unforgettable Adventure of Bogota

UPSHOT

22 CASE STUDY

Rolex Watches: New Era of Luxurious Time

40 EXCLUSIVE Profile

RUTVI SHETH

30

NEWS

Mortgage Rates Drop for the Fifth Consecutive Week, Easing Financial Strain for Buyers READ MORE

Google Delays Gemini Launch to January 2024: A Closer Look at the Next-Gen Foundation Model READ MORE

In an unexpected turn of events, Google has pushed back the launch of its highly anticipated Gemini model, initially slated for next week, to January 2024. The decision comes after the tech giant discovered that Gemini’s artificial intelligence (AI) struggled with certain non-English queries, prompting CEO Sundar Pichai to prioritize a comprehensive solution before unveiling the groundbreaking model.

AI’s reliability in handling non-English queries The Information revealed that Google had planned an elaborate debut for Gemini, including a series of events across California, New York, and Washington, specifically targeting politicians and policymakers. However, concerns about the AI’s reliability in handling nonEnglish queries led to a strategic delay. Google aims to ensure global language support, positioning Gemini model to either match or surpass the capabilities of OpenAI’s GPT-4, a standard the company is reported to have achieved in certain aspects, according to sources.

In a welcome development for prospective homebuyers, mortgage rates have fallen for the fifth consecutive week, providing a slight reprieve in a market grappling with high rates and limited housing inventory. According to the latest data released by Freddie Mac on Thursday, the average rate on the widely used 30-year fixed mortgage dipped from 7.29% to 7.22%, contributing to a cumulative drop of over half a percentage point since the end of October. Despite this decline, rates have yet to fall below 7% for more than three months.

Mortgage Bankers Association (MBA) The decrease in mortgage rates has prompted a modest increase in purchase applications, with a 5% rise on a seasonally adjusted basis for the week ending November 19, as reported by the Mortgage Bankers Association (MBA). However, overall purchase activity remains nearly 20% lower than the same period last year.

Analysts suggest that the trajectory of mortgage rates may hinge on the Federal Reserve’s actions regarding inflation.

Orphe Divounguy, senior macroeconomist at Zillow Home Loans, noted that if core inflation and economic activity continue to moderate, mortgage rates could stabilize. However, uncertainties remain, as Divounguy cautioned that higher-than-expected wage growth in November, as indicated in next week’s employment report, could lead to a resurgence in yields.

New York, Los Angeles, and San Francisco Rank Among Top 10 Most Expensive Cities in 2023 READ MORE

As of the latest Economist Intelligence Unit’s Worldwide Cost of Living report for 2023, New York, Los Angeles, and San Francisco continue to hold their positions as some of the most expensive cities worldwide. The report, conducted between August 14 and September of 2023 and based on data from 173 major cities, reveals noteworthy shifts in the global cost of living landscape.

New York, a perennial contender for the top spot, now shares the third position with Geneva, down from its tie for first place with Singapore in the previous year. Zurich claimed the first rank, displacing both New York and Singapore, attributed in part to the robust Swiss franc and elevated prices for groceries, household goods, and services, as outlined in the report.

Noteworthy factors influencing this trend While Los Angeles secured the sixth position on the list, San Francisco landed in the tenth spot, solidifying their status as some of the costliest places to reside globally. The survey considered various factors, including inflation averages, excluding Kiev and Caracas, and analyzed the prices of over 200 commonly used goods and services.

The report indicates a 7.4 percent rise in prices for these goods and services over the past year. Although this figure is a slight reduction from the previous year’s 8.1 percent, it still represents a significant increase compared to trends observed between 2017 and 2021. Noteworthy factors influencing this trend include a decrease in supply-chain issues, partly attributed to China lifting its COVID-19 restrictions in the latter part of the preceding year.

COVER STORY

MANOJ SUVARNA A Contemporary Agropreneur Revolutionizing Agriculture Co-founder

12 | December 2023

www.theenterpriseworld.com | 13

B Business leadership has undergone a significant transformation over the past few years. The traditional top-down, command-and-control leadership styles are now being replaced by more collaborative and inclusive approaches.

Alongside the typical skills like decision-making, team management, etc., contemporary leaders must have several other skills to successfully navigate the complex and dynamic business landscape.

Talking about the skills required to excel in today's business landscape, Manoj Suvarna (Co-founder of Agribid Private Limited), says, “In my view, some quintessential qualities of a contemporary leader include adaptability, empathy, innovation, transparency, and resilience.” With these and several other skills, Manoj has been successfully driving the growth of Agribid Private Limited, a premier digital marketplace in the agriculture industry.

An Illustrious Journey Manoj's professional journey has been both challenging and exciting. He started his career in the financial markets, working with prominent organizations like MAN Financial, Anand Rathi, Reliance Commodities, and Inditrade. These experiences introduced him to the intricacies of financial markets and agricultural commodities,

14 | December 2023

www.theenterpriseworld.com | 15

providing valuable insights into the industry's dynamics.

The turning point in Manoj's journey came when he realized the immense potential to leverage technology to transform the agricultural sector.

“Agriculture is the backbone of our economy, and I saw an opportunity to bridge gaps, reduce inefficiencies, and empower farmers,” says Manoj. This realization led to the establishment of Agribid Private Limited.

Robust Mission and Vision Agribid Private Limited was established in October 2020 with a clear mission and vision. Its mission is to simplify agricultural trade through technology, effortlessly connecting buyers and farmers while ensuring fair pricing and improved profits. At the time of establishment, the company aimed to revolutionize the way agriculture is conducted and create a future-proof global food supply chain.

Agribid's vision, on the other hand, is to empower farmers with digital tools for growth.

Simplifying Agricultural Trade Catering to its mission and vision, Agribid offers a comprehensive digital platform that simplifies agricultural trade. Its web and mobile platforms function as virtual wholesale markets, connecting farmers, aggregators, and buyers. Farmers can list their produce, adding details like quantity and quality, while buyers can source directly from them.

The business landscape is continuously changing, and so are the customer requirements. Agribid's services have evolved with time to cater to the changing needs of the agricultural sector. The company has enhanced the user interface, introduced real-time data analytics, and expanded its reach to connect more farmers, aggregators,

16 | December 2023

and buyers. Additionally, it has introduced features like quality checks and certifications to further boost transparency and trust in transactions.

Addressing the Gaps in Agriculture When Agribid was established, there were a plethora of challenges and gaps in the agriculture industry that motivated the founders to find a solution. One of the primary challenges was the traditional mandi system, which often led to inefficiencies, lack of transparency, and fair pricing for farmers. The company aimed to address these issues by providing an alternative digital platform that would empower farmers and facilitate direct transactions with buyers.

Moreover, there was a need to reduce the dependence on intermediaries, enhance the reach of farmers to wider markets, and ensure timely payments.

“Agribid was conceived to bridge these gaps and create a more equitable and efficient ecosystem,” adds Manoj.

A Multifaceted Visionary Agribid's visionary leadership consists of 3 co-founders Ashutosh Mishra, Manoj Suvarna, Chetan Suvarna.

As one of the co-founders of Agribid, Manoj plays a multifaceted role. He primarily shoulders the responsibilities of shaping the strategic direction of the company, overseeing its overall operations, and leading its efforts to innovate and expand. He works closely with Agribid's talented team to ensure that its platform continues to meet the evolving customer demands.

The key achievements throughout Manoj's tenure include the successful onboarding of thousands of farmers, aggregators, and buyers onto Agribid's platform. The company has witnessed significant growth in the quantity of agricultural commodities traded

through Agribid, positively impacting the income of farmers. Furthermore, connecting more than 500 Farmer Producer Organizations (FPOs) has been a significant achievement for Manoj as it has fostered a robust ecosystem.

A peek into the bio of the three cofounders Manoj Suvarna With an impressive educational background, Manoj Suvarna holds an SMP from IIM-C and an MBA from Welingkar. Over the span of two decades, his professional journey has seen him contribute significantly to global commodity exchanges, commodity financing, and commodity auctions. Mr. Manoj brings extensive expertise gained through roles at Man Financials, Reliance Commodities, and Inditrade. Managing a daily average turnover exceeding INR 1000 crores (USD 133 million) in commodity derivatives reflects his commitment to navigating the complexities of financial markets. Born and raised in Mumbai, Manoj is rooted in Mangalore, where he hails from a farming background.

Exploring the diversities of rural India is a personal passion. During his free time, you can find him enjoying a long drive or immersing myself in the therapeutic embrace of music.

“Our goal is to create a platform that not only simplifies agricultural trade but also uplifts the lives of our farmers.

Agribid is about fairness, efficiency, and ultimately, a better future for Indian agriculture.”

Ashutosh Mishra Ahutosh Mishra has a BSc in Agriculture from BHU and an MBA in Marketing and International Business from the same institution. With 20 years of experience in the field, he has worked at CDSL, ICICI Direct,

C O V E R S T O R Y “We envision an agricultural landscape where every farmer has the power to connect with markets directly. Agribid is more than a platform; it's a tool of empowerment for millions of hardworking individuals.”

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Reliance Capital, Reliance Commodities, and Tradelab Technologies. His expertise spans stocks, Demat, commodity derivatives, commodity financing, and physical commodity trading. He led a team overseeing a book value exceeding INR 15,000 crores (USD 2000 million). Born in Varanasi and now settled in Mumbai, Ashutosh is a passionate farmer with a commitment to social causes. During his free time, you'll find him visiting temples and finding solace in prayer.

“Agriculture is the lifeblood of our nation, and it deserves the best technology can offer. Agribid is our commitment to providing a level playing field for farmers and buyers, reducing dependence on intermediaries.”

Chetan Suvarna Chetan has an MBA and a B.Com from CSGM. With 15 years of experience, he has worked at Yes Bank, Reliance Commodities, Reliance Communication, Inditrade, and Digitx.

Chetan's expertise lies in Risk Management of commodity derivatives and physical commodity markets. He takes pride in his record in successfully managing risks and maintaining zero NPA in commodities trading. Born and raised in Mumbai, but with roots in Mangalore, Chetan enjoys spending time in fields, whether they're farms or cricket fields. In his free time, you'll find him playing cricket or checking out cars.

“We envision an agricultural landscape where every farmer has the power to connect with markets directly. Agribid is more than a platform; it's a tool of empowerment for millions of hardworking individuals.”

The Distinguishing Factors Here are the three factors that make Agribid's approach unique.

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Ÿ

Agriculture-centric Focus

Agribid's unwavering commitment to agriculture sets it apart. The company is dedicated to the betterment of farmers and the agricultural sector, which is reflected in the mission, vision, and services it offers. Ÿ

Tech-driven Innovation

Agribid strongly emphasizes leveraging technology to drive innovation. Its platform integrates real-time data, secure payments, and user-friendly interfaces to provide a seamless digital experience. Ÿ

Empowerment through Transparency

Agribid believes in fostering transparency and trust in agricultural transactions. Its commitment to transparency and fair pricing empowers farmers and creates a more equitable marketplace.

Collaboration, Innovation, and Inclusivity Agribid has a team of dynamic professionals who share a passion for transforming healthcare. “We have fostered a culture of collaboration, innovation, and inclusivity. Open communication is encouraged and every team member's input is valued,” asserts Manoj.

To ensure productivity and motivation, Agribid provides a supportive work environment that recognizes and rewards contributions. The company also offers regular training and skill development opportunities to help team members grow both personally and professionally. Agribid believes that a motivated and empowered team is essential for its continued success.

Staying Ahead of the Curve Manoj believes that staying updated

with the market trends is essential to Agribid's success. The company maintains close relationships with industry associations, participates in agricultural events and conferences, and engages with experts and thought leaders in the field. It closely monitors global and regional trends in agriculture and technology to anticipate the shifts and adapt its strategies accordingly.

Agribid continuously assesses emerging technologies and trends that can enhance its services. The company collaborates with tech experts and partners to evaluate the feasibility and impact of new technologies. When implementing new technologies, it follows a structured approach that includes thorough testing, user feedback, and scalability assessments.

Agribid's goal is to ensure that any technological advancements it adopts align with its mission of simplifying agricultural trade and empowering farmers.

What Next?

Talking about Agribid's future plans, Manoj says, “In the future, we envision further enhancing our platform by introducing additional features and services.” These may include advanced analytics tools for farmers, expanded crop categories, and partnerships with financial institutions to facilitate access to credit for farmers. The company is also exploring opportunities for international expansion to connect Indian farmers with global markets.

Furthermore, it is exploring financing opportunities and will soon announce tailor-made financial products at the farmgate.

Looking back at the Journey!

Manoj mentions several lessons that he learned throughout his journey. The importance of perseverance is one of

the key lessons he has learned.

He mentions that transforming an industry or creating change often comes with challenges and setbacks. In these circumstances, it is crucial to stay committed to your vision and adapt.

The value of collaboration is another lesson. “Building strong partnerships and collaborating with experts can accelerate growth and innovation. Don't hesitate to seek guidance and support from those with complementary expertise,” asserts Manoj. He further mentions always keeping the end-users in mind. Their wellbeing should be at the core of your mission and decisions. For Agribid, the end users are farmers. “If you can positively impact their lives, your journey will be incredibly rewarding,” he adds.

Golden Words for the Aspiring Manoj advises companies and business leaders in the agriculture industry to stay deeply connected to the needs and aspirations of farmers.

“Agriculture is not just a business; it's a way of life for millions. Embrace technology and innovation to empower farmers and create a more equitable and efficient agricultural ecosystem,” he concludes.

C O V E R S T O R Y

“Agriculture is the lifeblood of our nation, and it deserves the best technology can offer.

Agribid is our commitment to providing a level playing field for farmers and buyers, reducing dependence on intermediaries.” www.theenterpriseworld.com | 19

A Journey through Unforge able Adventure Bog a

22 | December 2023

B

Bogota, capital of Colombia—a place where whispers of history dance through vibrant street art and the pulse of contemporary life.

This city is an intertwining of the old and the new. A city with cobbled streets of La Candelaria, centuries-old echoing tales, and sleek skyscrapers that pierce the sky. It is a dynamic canvas where colonial charm and modern vitality unite. Thanks to this fusion of the past and present, this city is an ideal location with history, entertainment, delicious cuisine, culture, business, and much more. As the largest city in Colombia, its diverse and multicultural atmosphere is a center of attraction for artists worldwide.

It is the melting pot where all the cultures from different regions of the country have a place. From the cuisine of the Coffee Triangle to the joy of the Caribbean, or the artisanal heritage of Boyaca and the Valle de Cauca Festival—this capital city brings together the best of Colombia. As the heart of the country’s art, politics, and innovation, this city is at the top of the list of many travelers and explorers. If you are someone looking to cross out Bogota from your “Must Visit” list, this article might be the best and cheapest guide for your trip.

Cultural Heritage of Bogota’s Museums Bogota’s museums weave a rich fabric of cultural exploration.

These museums are enriched with Colombian history art, and cultural heritage in this vibrant city. We have mentioned a few of these museums that will evoke the artist within you. Ÿ Gold Museum (Museo del Oro): Showcasing a remarkable collection of pre-Columbian golden artifacts. Ÿ Botero Museum: Home to Fernando Botero’s distinctive sculptures and an extensive art collection. Ÿ National Museum of Colombia: Covers a wide range of exhibits, from archaeology to contemporary art. Ÿ Museo del Oro Zenu: Dedicated to the artistic legacy of the Zenu culture. Ÿ Museo Nacional de la Independencia – Casa del Florero del 20 de Julio: Commemorates Colombia’s struggle for independence. Ÿ Maloka Interactive Center: Engages visitors with interactive science and technology exhibits.

Whether you’re drawn to ancient civilizations, contemporary art, or hands-on scientific exploration, the museums here are the best place for you. Each museum is a chapter, contributing to the city’s vibrant cultural narrative.

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Wonders of Nature in Bogota: A Paradise for Adventurers As the sun bathes the city in golden warmth, and raindrops dance on cobblestone streets, Bogota’s nature whispers tales of resilience, inviting all to witness its timeless beauty. Here are some places in the womb of nature that one must visit at least once in a lifetime.

1. The Zipaquirá Salt Cathedral Fall into the heart of Bogota’s history at the Zipaquirá Salt Cathedral, a mesmerizing underground sanctuary 200m below the surface. It was transformed into a colossal cathedral in the 1930s, which was originally a salt mine. Passing by the vibrantly illuminated passages into large rooms adorned with the Stations of the Cross, statues, and religious icons. This leads to a grand chamber crowned by a towering cross—an engineering marvel. A morning departure to the Salt Cathedral would be the best time to visit this magical place, leaving before the capital’s notorious traffic jams.

2. Gautavita At the heights of 3100 meters above sea level, the sacred Guatavita Lake unveils the living legend of El Dorado—a claim grounded in ancient rituals. A newly appointed cacique (a native chief), shrouded in golden dust, submerging into the icy waters offering golden statues to the lake’s depths. Despite many attempts to drain the lake water to recover the presumed wealth—some involving dynamite, Guatavita remains a sacred Place. Along with these historical tales this place also offers mesmerizing microclimates and exotic flora.

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3. La Chorrera Waterfall Next on our list is an exhilarating day hike to the majestic La Chorrera Waterfall, standing tall at 590 meters near Chachi. Trail markers guide the way from Bogota to Choachi, unveiling a scenic route through farms before entering the mystical cloud forest. After a 45-minute trek, discover a quaint restaurant offering refreshments. Pass the enchanting Chiffon Waterfall, navigating a narrow and occasionally slippery path leading to the main falls. This beautiful journey will relish glimpses of this city, diverse orchids, and vibrant birdlife. Adding more colors to this city, the birdlife is a must-see in a lifetime. Narrow trails and 2.5 hours of altitude-ranging adventure are rewarded by this dramatic and calming waterfall.

4. The Páramo of Sumapaz The sprawling Páramo of Sumapaz is the world’s largest highaltitude desert, elevated up to 4000 meters. A 1.5-hour drive from the southern part of the city leads to this breathtaking expanse.

Sumapaz unfolds panoramic views over Cundinamarca, Meta, and Huila, offering diverse climates like wind, rain, and sunshine. This sacred land for the Muisca people is now also a protected water source for Bogota. Encountering fragile desert flora, wildflowers, and the iconic espelita (frailejónes) plants and lakes will silence all the harsh lights and noises from city life. Packing some warm clothing and rain gear to savor this high-altitude marvel would be best.

5. Chicaque Parque Natural Nestled just 30 minutes from Bogota, Chicaque Parque Natural unfolds over 20km of marked trails meandering through the cloud forest. With campsites and rentable cabins, this place is a haven for hikers and bird enthusiasts, boasting around 300 avian species. Encounter sloths, llamas, and deer while expert biologist guides offer immersive experiences. For thrill-seekers, imagine canopy rappelling from an 80-meter oak or a 340-meter zip-line soaring over the cloud forest at 40 km/h, allowing a captivating view of the Magdalena River valley. This place gives you wings with the purity of nature that fulfills one’s heart.

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Elevate Your Experience: Top 10 Things to Do in Bogota Bogota, Colombia, is a city pulsating with life and culture, offering a plethora of experiences for both locals and visitors. Here are the top 10 things to do:

1. Cerro de Monserrate: Ascend this green mountain for a breathtaking view. Choose between a cable car and a challenging trail, explore market stalls, indulge in local treats, and enjoy panoramic views at the top.

2. La Candelaria: Stroll through the historic neighborhood with narrow, colorful streets. Explore Plaza de Bolívar, local art shops, and the Gabriel Garcia Marquez Cultural Center. Visit Museo Botero and experience the vibrant street life.

7. Usaquén Craft Market:

6. Andres Carnes de Res: Indulge in Colombian comfort food at Andres Carnes de Res. Try unique dishes like plantain pizza, paired with tangerine vodka cocktails. As night falls, the restaurant transforms into a dance club.

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Explore trendy Usaquén, filled with artisans and trendy restaurants. The craft market offers gold-plated earrings, hand-painted mugs, and other unique goods.

8. Mercado Paloquemao: Immerse yourself in a tropical fruit safari at this bustling market.

Sample exotic fruits like lulo and guanabana while exploring the vibrant corridors.

3. Tejo at Barrio San Felipe: Embrace the local sport of Tejo, combining beer, aim, and explosive fun. Several venues in San Felipe offer Tejo along with craft beers and a lively atmosphere.

4. Theatron: Dive into the vibrant nightlife at Theatron, Colombia’s largest gaythemed nightclub. Dance across its 17 rooms to tunes ranging from Cher to reggaeton, and experience drag queen shows.

5. Salsa Clubs: Despite the chilly weather, explore the city’s salsa scene. El Goce Pagano, Quiebra Canto, and Galeria Café Libro offer lively atmospheres and dance-worthy tunes.

Bogota’s dynamic offerings cater to a diverse range of interests, making it a city that never fails to captivate and surprise.

9. Sunday Ciclovia: Rent a bike and join the Sunday Ciclovia, where cars are banned from main roads. You can explore these sights and neighborhoods without the usual traffic congestion.

Conclusion: A City that Never Ceases to Mesmerize

10. Graffiti Tour: Discover the modern side of Bogota’s historical center through street art.

Take a graffiti tour of La Candelaria, featuring works by artists like Guache and the Toxicomano collective.

Bogota, Colombia, transcends the boundaries of time, seamlessly blending the echoes of its past stories with the vibrant rhythms of contemporary life. This city, where history whispers through cobblestone streets and modern skyscrapers pierce the sky, offers an unparalleled journey through the old and the new. Nature’s wonders into the beautiful colors of this city. Pulsating with life and culture, this place invites both locals and visitors to savor its diverse offerings. That leads to creating memories that linger as a testament to the city’s captivating charm. Whether exploring its natural wonders, art scene, or dynamic cultural attractions, Bogotá promises an adventure that transcends borders and resonates with the spirit of a city that never ceases to mesmerize.

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30 | December 2023

RUT VI SHETH A Visionary on a Journey to Transform and Leverage India’s Infratech Potential

ADVAIT GREENERGY

DIRECTOR

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T

oday’s dynamic business environment is driven by uncertainty, demanding leaders to possess the adaptability to thrive amidst many challenges. In these unprecedented and rapidly evolving scenarios, organizations rely heavily on leaders who can walk in pace with trends.

They seek transformational leaders who can navigate challenges effectively and drive the path toward sustainable success, even in adversity. These leaders serve as the guiding force that helps organizations survive and thrive in the volatile landscape of modern business.

One such embodiment of transformational leadership is portrayed

by Rutvi Sheth (Director of Communications and Public Relations, Advait Infratech Limited / Advait Greenergy). Driven by a leadership philosophy that revolves around fostering entrepreneurship, Rutvi’s leadership skills and stewardship have significantly impacted her peers and her organization.

Being at the forefront of Advait Infratech, she constantly fosters a growth mindset and encourages her team to drive constant growth and development.

32 | December 2023

Visionary Leader Empowering Collaboration and Improvement Rutvi holds an MSc in Strategic Communications from the London School of Economics and Political Science (LSE) where she gained expertise in contemporary communication theories, and a BA in Media Communications from the University of the Arts London. There, she developed her creative and analytical skills in various media forms and platforms.

Passionate about using her media communications expertise to make a positive difference in the world and empower communities with the knowledge and resources needed to transition towards a greener and more sustainable future, Rutvi is eager to learn new skills and advance both personally and professionally. In fact, she also values high performance, continuous improvement, and collaboration.

Inspiration behind launching Advait Infratech stems from her father’s legacy, which began 25 years ago. With a background in power transmission and a strong engineering foundation, hailing from the grassroots of Gujarat, her father harbored a deep-seated desire to effect positive change. Thus, he founded Advait Infratech with a resounding vision of empowering people.

Today, Rutvi carries the legacy forward, propelling Advait to greater heights of success. Under her leadership, the company is on a mission to become a prominent market leader in all the domains it operates in, driven by principles of pride, honesty, and a commitment to nation-building. It is also dedicated to propelling the integration of renewable energy and fostering India’s transition toward a sustainable, green economy.

Surpassing Challenges to Reach Greater Heights of Success The company faced several challenges during its inception phase, including brand establishment, industry positioning, and building a skilled workforce. Ensuring workforce performance and acquiring industryspecific talent remained ongoing challenges, critical to shaping the company’s foundation and direction.

These challenges continue to be at the forefront of the company’s early journey, as they are crucial for shaping the foundation and trajectory of our

business. Despite its remarkable progress, Advait Infratech has faced various challenges, the most formidable being the global pandemic, COVID-19. The post-COVID landscape introduced substantial changes, creating new hurdles for the company. Furthermore, dealing with rapid inflation has posed significant ongoing challenges, affecting its operations and long-term planning.

Nevertheless, Advait remains committed to its vision and is determined to surmount these obstacles to continue positively impacting society.

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However, a pivotal growth in Advait occurred around 2019 and in the following years. During this time, there was a notable upsurge in operations as the company embraced an entrepreneurial mindset and aligned with the ‘Make in India’ initiative.

With strong government support, the company prioritized indigenous services over cheaper overseas options.

Today, Advait takes pride in offering the only India-made emergency restoration system, showcasing its dedication to local production and innovation.

Irrespective of the adversities, Advait has achieved numerous accomplishments and triumphed over several hurdles. Since its establishment, the company has undergone remarkable transformations.

In the fiscal year 2021-2022, it achieved substantial financial growth with a 24% increase in revenue, amounting to Rs. 72 crores.

Maintaining a positive EBITDA margin of 14.65% and a robust PAT

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margin of 9.76% showcased its financial strength. Additionally, the company’s focus on efficient working capital management and cash flow generation through regional and multinational projects has been pivotal.

Moreover, its associate company, TG Advait India Private Limited in which the Chinese company’s stake exists, witnessed a 19% revenue surge, reaching Rs. 78.65 crores, maintaining positive EBITDA and PAT margins.

These statistics represent Advait’s journey of progress, culminating in significant milestones, including branching out, market capture, and expansion into manufacturing and international markets.

Advait has been delivering robust solutions for power transmission, substations, and telecom infrastructure.

While the company believes in nurturing talent, Rutvi believes persistence and determination are the key ingredients–a belief that drove Advait’s inception. Over the last decade, it transitioned from a trading

and consultancy firm to pioneering manufacturing and EPC operations.

With an exceptional team, the company envisions becoming a global leader, enriching lives, and contributing to infrastructure development through sustainable value creation. Its focus spans power transmission, renewable energy, and telecommunication, and its commitment to sustainable, innovative power solutions that reduce carbon footprints.

Advait operates across diverse sectors, providing turnkey telecommunications projects, power transmission and substation installations, marketing and liaison services, and manufacturing products like stringing tools, OPGW, OFC cables, ACS, ERS, and OPGW joint boxes. Committed to sustainability, the company has expanded into green energy. With a steadfast vision to illuminate human existence through green energy, Advait Infratech embarks on a bold journey with Green Hydrogen Projects in partnership with a leading PSU in

Uttarakhand, India, using advanced Electrolyser and Fuel Cell technologies. Additionally, the company has entered the Carbon Market, addressing climate concerns by offering carbon credit consultation services and comprehensive carbon neutrality and net-zero solutions.

which includes products like OPGW, Stringing Tools, OFC cables, ACS, ERS, and OPGW joint boxes, has played a pivotal role in its longstanding success. This approach, combined with a commitment to excellence, has firmly established Advait as a key player in the industry.

Advait’s enduring success is firmly grounded in its dedication to unlocking the immense potential of India’s Infratech sector. In a market supported by government initiatives and operating at an elevated standard, Advait Infratech has made a significant impact by providing sustainable, innovative, and competitive solutions that have positively impacted a million lives. Moreover, the company’s strategic expansion into manufacturing,

For the company, striking a careful balance between innovation and risk and stability and profitability is contingent on astute financial strategies. Having a well-defined vision and rigorously adhering to a strategic roadmap is crucial. Advait’s approach thoroughly evaluates opportunities to ensure they align with long-term objectives. While embracing calculated risk is vital, it exercises caution to avoid excessive expansion

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driven by greed. Moreover, its commitment lies in investing in nurturing emerging talent without compromising quality through costcutting, and the cornerstone of its stability and profitability lies in attracting and retaining top-tier talent.

This dual focus on measured risk and talent development enables the company to maintain an equilibrium between innovation and stability, ultimately ensuring enduring profitability in its enterprise. “In adapting to shifting market conditions and evolving customer needs, we maintain a commitment to innovation and unwavering dedication to our mission,” says Rutvi.

Entrepreneurship as the Core Leadership Philosophy Being at the helm of Advait, Rutvi wears multiple hats and caters to several crucial responsibilities within the organization. She leads the PR and media strategy for a company at the forefront of green energy and sustainability innovation. She also oversees the development, management, and implementation of campaigns that promote the company’s vision, mission, and values, as well as its products and services, across traditional and digital channels.

As a leader spearheading at the forefront, Rutvi adds that identifying and nurturing talent is a dynamic process at Advait. “Our ethos values individual growth and contribution. We prioritize collective progress over personal recognition,” she adds. This approach ensures that the company embodies a culture of continuous development and collaboration. By promoting self-improvement and providing a platform for its people to shine, Advait encourages them to take ownership of their work. “As they thrive, so does our organization,

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creating a harmonious synergy between individual aspirations and our company’s growth. This philosophy is the backbone of our corporate culture, driving us towards sustainable success,” highlights Rutvi. Advait also acknowledges that individuals bring unique skills, often beyond their assigned roles. For instance, some team members may excel in business development, though they initially applied for different positions.

Moreover, it encourages staff to leverage their strengths while addressing their weaknesses.

During this journey, Rutvi believes mentorship is pivotal. Hence, Advait fosters a culture of appreciation and gratitude through its weekly ‘gratitude day’ where the team members share written praises for one another, and the responses are read aloud. Rutvi affirms that receiving these tokens of appreciation significantly boosts morale and fosters a sense of recognition. She adds, “In personal and professional contexts, mentorship plays a vital role, ensuring individuals feel acknowledged and valued in an increasingly interconnected world.” In addition to her daily responsibilities, Rutvi leverages her strong network of global media contacts and her communication skills to secure positive and impactful coverage for the company and its subsidiary, Advait Greenergy.

Advait Greenergy specializes in providing comprehensive solutions, ranging from manufacturing electrolysers and fuel cells to offering carbon consultancy, climate projects, and carbon neutrality services. This broad expertise allows Advait Greenergy to ensure a seamless transition towards a more sustainable future for its clients. Advait Greenergy's vision is firmly rooted in aspiring to lead the charge in green energy innovation. Their mission entails

harnessing state-of-the-art technology and sustainable methodologies to democratize affordable green energy access, reaching every individual.

Furthermore, the company ardently works towards equipping communities with the necessary knowledge and resources, fostering sustainable and enriched livelihoods.

Enhancing the Nation’s Power Delivery System Essentially, Advait Greenergy engages in various activities focused on clean tech and green energy, including manufacturing electrolyzers and fuel cells, carbon consultancy, climate projects, and carbon neutrality services.

At its core, the company is committed to enhancing the nation’s power delivery system through sustainable, cost-effective, and clean energy solutions. The company’s operations are grounded in integrity and a strong commitment to nation-building. While adapting to changing market dynamics and evolving customer needs, Advait focuses on innovation and its dedication to its mission.

Advait propels its progress through a persistent vision–to bring accessible green energy solutions to all aspects of human life–while its mission extends far and wide, igniting hope and empathy through sustainable energy offerings. In fact, the company has brought about a transformative change in the traditional work landscape, particularly concerning women’s empowerment. Unlike many newer firms, it champions flexibility and inclusivity, actively recruiting individuals from grassroots levels in places like UP and Gujarat. Advait pioneers a new approach that fosters women’s empowerment and challenges conventional workplace norms by breaking free from rigid work constraints and promoting diversity and upward mobility.

Innovation to Thrive in the Face of Rapid Competition To ensure competitiveness and innovation in the industry, Advait adopts a multifaceted approach. The company prioritizes nurturing talent, fostering creativity, and emphasizing persistence and determination. In 2020, it achieved a remarkable milestone when it was listed on the Bombay Stock Exchange’s Main Board, significantly enhancing its operational capabilities. Dedicated to harnessing the vast potential of India’s Infratech industry, Advait thrives in a market boosted by the government.

With a vision to empower a million lives with sustainable solutions, the company has broadened its horizons by venturing into the manufacturing of OPGW, Stringing Tools, OFC cables, ACS, ERS, and OPGW joint boxes, filling a vital industry gap. Under the Make In India initiative, Advait established a cutting-edge lab testing facility and manufacturing plant for stringing tools and ACS wires in Kadi,

Mehsana district, ensuring local market needs are met at minimal production costs without compromising quality. Collaborating with CSIR-SERC, it has developed cost-effective ERS technology for a wide range of transmission lines, meeting international quality standards.

Pioneering Multiple Initiatives with a Multifaceted Approach In addition to the above accomplishments, Advait recently achieved remarkable success by winning a substantial contract from Uttar Pradesh Power Transmission Corporation (UPPTCL), Lucknow, valued at Rs 58.24 crore. This contract, under Package-II, entails the supply, live-line installation, and comprehensive implementation of OPGW and its associated hardware and accessories. The key factors contributing to this achievement include our in-depth expertise in the design, engineering, manufacturing,

testing, and commissioning of OPGW, along with efficient stringing and splicing capabilities.

Also, in partnership with CSIR-SERC, Chennai, the company’s esteemed technology collaborator, it has successfully engineered an affordable Indigenous Emergency Restoration System (ERS). This cutting-edge technology is tailored to serve transmission lines spanning voltage ranges of 33kV to 800kV. Additionally, Advait takes great pride in pioneering this initiative, marking the first-ever indigenous development within the Make-In-India Emergency Restoration System program. The company’s achievement is further underscored by our unwavering commitment to meeting stringent international standards in every aspect of this innovative system. “Today, we take pride in offering the only India-made emergency restoration service, reflecting our commitment to local production and innovation,” concludes Rutvi.

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New Era Of Luxurious Time Keeping time with elegance and precision, there exists a name that stands above all others—Rolex watches. These timepieces are not merely instruments, they are finely crafted chapters in the rich history of horology—a place of weaving a legacy of sophistication and innovation in between metal pieces. The mere utterance of “Rolex watches” creates an atmosphere of timeless luxury, where painstaking craftsmanship meets state-of-the-art technology. From the iconic Oyster Perpetual to the illustrious Submariner, every Rolex creation is a living legend and a symbol of unwavering dedication to excellence. Such accuracy would have baffled Einstein himself in his theories of time and relativity. Let us unravel the mystique concealed behind the crown, where each tick of a Rolex watch resonates with the heartbeat of horological mastery.

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The Beginning of a New Era Founded by Hans Wilsdorf, rather than any “Hans Rolex” as any of us would have guessed, in the year 1905, in London. He aimed to make it short and simple, a name that was easy to pronounce in any language. Moreover, the term “Rolex” possessed onomatopoeic qualities, echoing a sound like the winding of a watch. It is practicality shone through, given that the name was compact enough to effortlessly grace the face of any watch. Wilsdorf's profound appreciation for precision timekeeping paved the way for the Rolex watches to surge in popularity in 1910. That pivotal year marked a historic milestone as Rolex became the

inaugural wristwatch to bear the esteemed Swiss certificate of chronometric precision, bestowed by the official Watch Rating Centre in Switzerland. This certification proved transformative, sparking a notable uptick in sales. Ÿ

Empire at sea, both in warfare and commerce. This achievement set the stage for Rolex to establish itself as a provider of mechanical precision coveted by many. Ÿ

In 1914, Wilsdorf further solidified Rolex's reputation by securing a “Class A” Precision Certificate from the Kew Observatory, typically reserved for marine chronometers. This recognition resonated particularly with British customers, who recognized the critical role of accurate timekeeping in the dominance of the British

The brand's ascent to popularity reached new heights with the introduction of the first waterproof watch. Rolex's commitment to innovation, coupled with its timeless design, launched it to the forefront of the luxury watch industry. Since its inception, Rolex has consistently delivered cuttingedge accuracy, solidifying its position as a pioneer in high-end timepieces.

Awareness and Association of Rolex Watches Brand awareness:

Brand association:

As a premier luxury brand, Rolex enjoys widespread recognition among its potential customers. The brand establishes connections by sponsoring events and utilizing social media platforms to showcase the value of its wristwatches. The Rolex narrative extends beyond extreme exploits to encompass more commonplace sports competitions. These include the 24 Hours of Le Mans and noteworthy partnerships like being the official sponsor for the Women's World Golf Rankings. This approach allows Rolex Watches to resonate with a diverse range of audience.

For a brand like Rolex, it's essential to engage in positive impact activities beyond being just a large manufacturing entity. Rolex consistently sponsors organizations like National Geographic to contribute to aqua and nature conservation, wildlife protection, and various environmental causes. This association extends to Rolex's commitment to technological advancements, exemplified by innovations like waterproof cases and resistance features. This effort showcases the brand's dedication to both environmental stewardship and ongoing technological improvements.

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Market and Distribution Strategy I. Marketing Strategy: What sets this brand apart is the impeccable craftsmanship of its watches along with the ingenious marketing strategies. This combination together has propelled it to the pinnacle of global luxury.

Compelling Stories:

Partnerships and Sponsorships:

One of the key strategies lies in the brand's ability to craft a compelling story. Rolex doesn't just sell watches; it sells a lifestyle, an embodiment of success and achievement. Through carefully curated campaigns, Rolex aligns itself with icons of achievement, from explorers conquering the highest peaks. The brand's association with excellence isn't just implied, it's boldly proclaimed through these captivating narratives.

By gracing the wrists of influential personalities, celebrities, and sports icons, Rolex embeds itself in the fabric of success. The brand strategically sponsors events that align with its values, from Formula 1 racing to Wimbledon. These associations are responsible for the enhancement of Rolex's visibility.

Exclusive Distribution:

Digitalizing:

Rolex has also mastered the art of scarcity. By controlling the supply of its watches and releasing limited editions, the brand creates an aura of exclusivity.

The scarcity principle fuels desirable Rolex watches into timepieces and coveted artifacts.

The brand's social media presence is a gallery of aspirations, showcasing watches and the experiences they embody. From Instagram to YouTube, Rolex crafts a visual narrative that transcends the tangible, inviting enthusiasts into a world where time is not just measured but lived.

II. Distribution Strategy:

Overcoming Challenges for a Sustainable Future

Distribution is pivotal for any product, and Rolex's strategy distinguishes it from other watchmakers. A Rolex isn't just a watch; it's a rarity. With a limited number of exclusive stores globally, the brand crafts an air of exclusivity. Rolex predominantly distributes through its stores, e-commerce platforms, and select multi-brand outlets. Despite producing around 2000 watches daily, their scarcity amplifies desirability, making each Rolex a coveted emblem of distinction.

Even brands like Rolex face challenges in the pursuit of perfection. Challenges to dethrone the king of watchmaking, challenges like a sudden change of leadership and decline in sales worldwide. Throughout its history, Rolex watches have encountered a series of challenges that have tested its mettle.

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List of 10 Best Rolex Watches Revolutionizing Time 1953

2020

1963

1953

1945

Rolex Submariner 41mm

$9,150

10,700

Rolex Submariner 126610LV

Rolex Explorer II 226570

2021

$10,800

$9,650

Rolex Daytona

Rolex Submariner 5513

1962

$21,995

$12,258

Rolex Explorer 36mm

Rolex Oyster Perpetual 126000

1950

$6,450

$9,055

Rolex Datejust

Rolex Submariner 14060

$4,800

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1955

Rolex GMT-Master II 'Pepsi'

1990

$7,000

FAQs 1. What makes Rolex so special?

Rolex is renowned for its precision, craftsmanship, and enduring style.

Each timepiece is a testament to the brand's commitment to excellence and innovation.

2. Why are Rolex watches so expensive?

The high cost is justified by the meticulous craftsmanship, quality materials, and extensive research invested in creating each watch. The exclusivity and brand prestige also contribute to their premium pricing.

3. Are Rolex watches a good investment?

Yes, Rolex watches are often considered a sound investment. Their reputation for quality and timeless design tends to be appreciated over time, making them sought-after collector's items.

4. How can I spot a fake Rolex?

Genuine Rolex watches have distinct features, including a smoothly sweeping secondhand and a hologramencoded sticker on the case back.

Purchasing from authorized dealers and being aware of these details can help identify authenticity.

5. Do Rolex watches hold their value?

Yes, Rolex is known for retaining its value well. The combination of craftsmanship, brand prestige, and limited availability contributed to their value appreciation over the years.

6. Can I wear my Rolex in water?

Most Rolex are water-resistant, and some are specifically designed for underwater use. However, it's crucial to check the specific water resistance rating of your model and ensure it

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undergoes regular servicing to maintain this feature.

9. Are vintage Rolex watches a good buy?

7. How often should I service my Rolex watch?

Vintage Rolex watches can be a great investment, but it's crucial to authenticate and verify their condition. Purchasing from reputable dealers or having a thorough appraisal is recommended.

Rolex recommends servicing every 10 years, but it may vary based on usage. Regular maintenance ensures optimal performance and longevity of your timepiece.

8. Can I customize my Rolex watch?

Rolex offers limited customization options. While you can choose certain features during purchase, extensive modifications may void the warranty and affect the watch's authenticity.

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10. Where can I buy an authentic Rolex watch?

To ensure authenticity, it's recommended to purchase Rolex watches from authorized dealers or reputable sources. Be cautious of deals that seem too good to be true, as counterfeit watches are prevalent in the market.

DECEMBER 2023

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