10 Best Manufacturing Companies Fueling India's Growth by The Global Hues Magazine

The Global Hues | Vol. 2 | Issue 4 | April 2022

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The Global Hues | Vol. 2 | Issue 4 | April 2022

Contents

April 2022

Vol 2 | Issue 4

FOSS India Delivering Best-In-Class Analytical Solutions To The Food And Agriculture Industry

Apollo Tyres

Helping Customers Conquer The Road Ahead

COVER STORY

Nilkanth Engineering Works A Highly-Acclaimed Manufacturer And Exporter Of Construction Machineries Worldwide

Technology

The Game-Changer In Sustainable Construction

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Jindal Steel & Power

Intellect Quotes On

Progress

Barrel Motors

Tata Steel

Listing

Changing The Face Of Transportation Via Building Top-Notch Motorcycle And Automotive Accessories

Asia’s First Integrated Private Steel Company

10 Best Manufacturing Companies Fueling India's Growth

Vrisa Innovation

Envisioning Success Through Innovation

Industry 4.0 And How It Can Beneﬁt Businesses?

36 38

36 48

Report

Women

Crossword

How Much Wealth Do The

Richest

Women

Let's Think

People Give To Philanthropy?

In Indian Boardrooms But Diversity Progress Is Slow The Global Hues | Vol. 2 | Issue 4 | April 2022

Editor’s Note

Publisher: The Global Hues Founder & CEO: Himanshu Tyagi

Health

Meditation The Ultimate Solution To An Entrepreneur’s Stress

58 Travel

Singapore A Place Worth Exploring In Southeast Asia

he Manufacturing Sector of India has the potential to reach the US $1 trillion by the year 2025 and contribute more than $500 billion annually to the global economy by 2030. Global Companies are swiftly adapting their manufacturing and supply chain strategies to build resilience. India has a perfect opportunity to emerge as a global manufacturing hub. To capitalize on this opportunity, India is utilizing its three primary assets- the potential for significant domestic demand, a considerable proportion of the young workforce, and the support from the Indian Government to encourage manufacturing. Several industries were affected in different ways due to the pandemic leading to low scale operations. The Manufacturing Sector was no exception. The country’s optimistic recovery was thrust into further uncertainty when the world witnessed the second wave of Covid 19. Fortunately, the sector has coped with the challenges through the digitalization of its operations wherever possible. The increasing adoption of the Internet of Things (IoT) is aiding companies in improving productivity and implementing predictive maintenance. The Manufacturing Industry is undergoing a paradigm shift. Small businesses, mid-sized players, and big corporates are adopting new strategies, new business models, and new approaches. The Global Hues Magazine through its latest edition shows the felicitous appreciation towards the contribution of the Manufacturing Industry in India. It covers the journeys, challenges, and growth parameters of different Manufacturing companies leaving a bold mark on the Manufacturing Industry.

Hope you enjoy reading this issue. Happy Reading!

The Global Hues Editorial@theglobalhues.com

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Editor-in-chief: Tannishtha Mukherjee Copy Editor: Priyanka Tyagi Content Manager: Himanshi Jain Editorial Team: Kusum Vats, Aditi Gautam, Shreya Malakar

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The Global Hues | Vol. 2 | Issue 4 | April 2022

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The Global Hues | Vol. 2 | Issue 4 | April 2022

10 BEST MANUFACTURING

COVER STORY

COMPANIES FUELING INDIA’S GROWTH

My passion for handicrafts, the need for modular furniture in urban spaces and love for solid wood are the inspiration behind Furnicheer.

AN AMALGAMATION OF CONTEMPORARY DESIGNS WITH TRADITIONAL CRAFTSMANSHIP

endered with earthy colour, from subtle ochres to burnt sienna, the amalgamation of traditional and modern bring something novel with every design. Almost a decade ago, the world saw the arrival of a creative perfectionist, Subhangi Vaidyanathan with her out of the ordinary furniture brand, Furnicheer with a motive to ingeniously synthesize Indian design aesthetics with the modern-day demands of style and sustainability.

While most hardwood furniture comes in different shades of brown, Furnicheer came up with the most striking concept i.e. colour inspired range of furniture. Furnicheer first understands the requirements, lifestyle, and personality of the customer, followed by taking the measurements of the space, preparing layouts, and styling furniture along with mood boards and 3D drawings. Post customer approval, the company makes engineered working drawings of the products to be made and then finally starts the production i.e. conversion of a space into a paradise. In the initial days of establishment, Furnicheer began interior turnkey projects for a diverse clientele. It made houses into distinctive and eye-pleasing homes and offices into productive and lovable spaces. Furthermore, Subhangi’s initial inclination was towards creating her designs with solid woods like locally-sourced Sheesham (Dalbergia sissoo) and mango, built in-house by skilled craftspeople on high-tech machinery. Besides being long-lasting, the shades and textures that she picks perfectly complement the sunny tropical climate of India.

Subhangi Vaidyanathan Founder, Furnicheer 10 | The Global Hues | Vol. 2

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10 BEST MANUFACTURING

COVER STORY

COMPANIES FUELING INDIA’S GROWTH



DINING & KITCHEN FURNITURE

Dining: Dining Sets, Tables, and Chairs Seating: Chairs, Benches, and other Customizable Seatings Accessories: Coasters, Trays, Dish Drainers, Chopping Boards, Platters and Trivets 

HOME DECOR

It includes Mirrors, Shelves, Key Holders, Coasters, Cup Holders, Organizers, Cushions, Photo Frames, Planters, and other accessories.

FURNICHEER IS DIFFERENT FROM ITS COMPETITORS Furnicheer converts any space into a paradise. It stands unique in the marketplace due to the below-mentioned reasons: 

At our core, we are a furniture manufacturing unit and thoughtfully create functional, simple, and elegant furniture. The intricate knot patterns and the fine grains of solid wood from sustainable forests, lovingly grown, carefully seasoned, and passionately crafted is Furnicheer for all our customers. THE BRAIN BEHIND FURNICHEER Furnicheer is the result of an Interior Designer turned Manufacturer of Solid Wood Furniture, Subhangi Vaidyanathan. She has been in the business of decor and interiors for more than two decades. The fervent Subhangi needed a creative outlet to do more than just interior designing. After observing how unorganized the Indian furniture industry was, she decided to serve the industry with

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a whole different and unique model. To convert her idea into an entity in 2010, she introduced standardized processes together with state-of-the-art imported technology in her 10,000 sq. ft. Navi Mumbai manufacturing unit. Subhangi’s passion for Indian handicrafts and wood reflects in every creation she designs. Her dedication, and enthusiasm to strive for perfection position Furnicheer apart from other players in the Indian Furniture industry. Being the Founder of the company, she determines the company’s mission and vision to keep her employees and team members aligned and on the same page regarding how they best serve their clients and customers.

My highly enthusiastic and professional team produces a wide range of ideas and insights and constantly strives to deliver by the ethos of Furnicheer.

THE PRODUCT PORTFOLIO Positioning itself as a brand of solid wood, modular furniture and lifestyle accessories, and crafted specifically for the Indian homes, Furnicheer primarily manufactures customized home furniture including beds, wardrobes, chests, study tables, TV consoles, dining sets, coffee tables and many other accessories. Its entire range of products includes: 

LIVING ROOM FURNITURE

Sofa Sets: Armchairs, 2 & 3 Seaters, Loveseats, Diwans, Sofa Cum Beds, Day Beds, etc. Seating: Chairs, Benches, Stools, Swings, and Pouffes Tables: Coffee Tables, Nested Tables, Center Tables, and Side and End Tables. Storage: Bar Cabinets, Bookshelves, Shoe Racks, Wine Racks, TV Consoles, Chest of Drawers, and others 

BEDROOM & STUDY FURNITURE

Storage: Bedside Tables, Wardrobes, Shelves, among others Bed Backs: Wooden Bed Backs, Upholstered Beds, and Backs Tables: Computer Tables, Study Tables, and other Tables as per the needs Other products include Dressers, Mirrors, Chairs, Bookshelves, etc.

The Luxurious Elegance Of Solid Wood Furniture

Using solid wood was not just a random idea, but a well thought out plan. As per different historians, wood has been used to create furniture since early Mesopotamia and ancient Egypt as it is associated with high end and regal decor. Wood furniture has truly stood the test of time and continues to be a widely popular and functional staple in most homes. People have started preferring solid wood as it is known for its solidity, durability, and sturdiness, Solid wood is the lumber that is milled directly from the trees sourced from managed and sustainable forests. Since it is a homogeneous material, it is stronger as compared to plywood or engineered wood. Environmentally, solid wood is much more eco friendly as it uses comparatively less energy during the production process. Solid Wood furniture retains its appearance and achieves a lovely patio as it ages. Although it is a little more expensive than engineered or plywood, it lasts much longer making it worthwhile. “We, at Furnicheer only use Solid Wood as the luxurious elegance that it achieves can never be possessed by plywood or engineered wood. An interior rich in solid wood increases the value of any house we manufacture and design,” says Subhangi. The Global Hues | Vol. 2 | Issue 4 | April 2022

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10 BEST MANUFACTURING

COVER STORY

COMPANIES FUELING INDIA’S GROWTH



Polyurethane Finished Stains

Polyurethane coatings give wood excellent resistance to abrasion, rough use, scratches, and spills. Since the company’s inception, Furnicheer strives to bring cheer into people’s spaces with their PU finished stained vibrant furniture. The PU finished stains applied by the company have added vibrancy to the furniture it makes yet managed to retain the natural grains of wood. Some of the infusions such as folk paintings, handmade tiles, etc in the furniture add an Indianness to the products.

Crafted out of Mango or Sheesham wood, this range of furniture is designed exquisitely, pleasing to the eye, can be assembled with ease, and is quite compact, making it quite suitable for urban homes facing space issues. THE CLIENTELE Furnicheer caters to the needs of end-users in India, the USA, and Europe. Furnicheer takes time to understand the needs and requirements of its customers before it embarks on any project, ensuring it delivers on its promise of excellence and gains the clients’ trust. It designs all of its furniture with top-notch quality and timeless beauty in mind. “In this competitive world of a huge number of brands, Customer satisfaction holds pivotal importance for Furnicheer. Repeat business always rides on customer satisfaction,” says Subhangi.

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of consistency in quality, in terms of seasoning (kiln drying) and also resistance to attack from insects. The problem to this solution was the usage of kiln-dried American Tulipwood. Subhangi, in order to overcome this challenge, ordered a container of this unique American hardwood species in 2017.

Currently, about 50 per cent of Furnicheer’s production is in tulipwood. Not only is tulipwood easier to work with, but its finish is far superior in comparison to the timbers we were using previously. We also liked the natural grain pattern.

THE BIGGEST CHALLENGE FACED BY THE COMPANY

THE TEAMWORK VALUE

The biggest challenge that the company faced was working with Mango and Sheesham Wood as there was a lack

A home starts with a feeling. The team at Furnicheer curates inspiration, connects the creative work of designers and artisans to the customers. Its

highly experienced and skilled team of designers and artisans constantly develop ideas and collections of the newest furniture design. Through producing exclusive designs and high-quality products, the team at Furnicheer offers inspired living and provides a seamless experience.

THE MANTRA TO SUCCESS According to Subhangi, the ultimate success can be achieved by giving the best experience to the customer. Her knowledge, leadership skills, and ability to learn, create and innovate are helping Furnicheer to reach skyrocketing heights. “A superior customer experience acts as a blessing for the customer. A good customer experience always ensures a mutual and long association with the brand and a positive word of mouth among a majority of people,” says Subhangi while talking about success.

THE COMPANY’S MISSION The mission of Furnicheer is to deliver the highest quality products. Furthermore, Furnicheer is committed to its values and protects its culture through its unwavering commitment to possessing integrity at the organizational level.

For us, integrity is the foundation of good leadership, demonstrating this value is fundamental to gaining the trust of our clients and coworkers. Since 2010, Furnicheer is tirelessly inspecting, creating, and finding brilliant solutions to manufacture beautiful furniture from Solid Wood in India, Europe, and the USA. It has successfully built a reputation for exclusive designs and quality. Inspired by modern-day demands of style and sustainability, Furnicheer is committed to reinterpreting modern materiality by offering a perfect blend of form and style that celebrates timeless aesthetics and minimalist designs. It is indeed one of the best manufacturing companies as it promises to deliver holistic contemporary solid wood furniture that beholds the essence of Indian ethnicity.

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SPECIAL FEATURE

“We are first in technology, first in analysis and first in Solution and we always keep Customer first in all our initiatives & efforts.”

DELIVERING BEST-IN-CLASS ANALYTICAL SOLUTIONS TO THE FOOD AND AGRICULTURE INDUSTRY

BHARAT ASWANI (Managing Director, FOSS India)

ncepted in 1956, FOSS India is a highly acclaimed company that is widely known for its analytical solutions that help to improve both food quality and safety in the global food market. Its groundbreaking innovation throughout the years in analytical technology has positioned itself at the forefront of the entire food and agriculture analytics market.

FOSS India sees stupendous opportunities in how data, artificial intelligence and digital solutions can help customers produce more nutritious, safer, and best-quality food.

Elaborate on the innovative solutions offered by your company. What makes its services worth the investment?

In an exclusive and in-depth conversation, Bharat Aswani, the Managing Director of FOSS India, shared insights about FOSS India, the purpose behind its inception, its mission, values, and remarkable contribution to food and agriculture industry.

FOSS India creates end-to-end solutions that secure and improve food quality. From raw material to all internal processes during production to finished product. Our analysis instruments refine measurements into information management that enables businesses to run intelligent data-driven productions with less waste and bigger yields.

Explain in brief about yourself and your company? How do you correlate with your company? I am Bharat Aswani, the Managing Director of FOSS India Pvt. Ltd. I am born and brought up in Ajmer, Rajasthan and did my Graduation in Mechanical Engineering. I have 25 years of rich work experience with top companies like Atlas Copco and Reliance Industries. I joined FOSS India in 2016 and it’s been a wonderful journey ever since. When I look around my day-to-day life I can relate to the analysis offered by FOSS to the simplest of things that touch the

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day-to-day life like the edible oil we cook in, the wheat flour we eat, and the milk we drink. It is these small yet necessary products that make life and to bring out the best in them, we need the best-in-class analysis that FOSS offers. Not to forget the sustainability of the products and solutions which help the entire world in the bigger picture, this is what makes me immensely proud to be part of FOSS.

Controlling cost and quality across all sectors and value chains, we help food and agricultural producers limit the number of human errors, scale their business faster and reduce manual labour as well as labour costs. We call it “Analytics Beyond Measure”. And this is what makes our services in the field of food and agricultural industries: Dairy, Raw Milk Testing Feed and Forage, Grain, Flour Milling & Oilseed Processing, Laboratories, Meat, and Wine & Beverages, worth the investment.

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SPECIAL FEATURE prices proportionate to the quality of their produce. This revolution has ensured farmers to become more independent and able to sell their products online to buyers across India to obtain the best possible pricing - ensuring the development of a “self-reliant India”. To cater to this demand and offer the best solution, FOSS India has invested in its service infrastructure and conducted lots of awareness sessions to enhance its reach and increase customer satisfaction.

How important is Research & Development for your company? How helpful has it been in introducing new pioneering solutions to existing problems?

Elaborate how the company came into being, its journey, and where it stands today. FOSS was incepted in 1956 by the innovative engineer Nils Foss with an ambition to offer automated and cost-efficient alternatives to time-consuming analyses in the food and agriculture industry. Though much has changed in more than 65 years, our approach to business and the development of innovative analytical solutions has stood the test of time. Since the company’s formation, we have made it our business to define the standard of analytical solutions for the food and agricultural industry. We successfully pioneered advanced analysis for the challenging production environments in the 1960s, and we were the first to integrate chemical composition analysis in process lines. Now, our resolve and ambition have also made us the international benchmark in the field of chemometrics and real-time analytics.

How do you differentiate your company from its competitors? Standing at a growth rate of 22% CAGR over the last 5 years and having more than 60% of the market share, FOSS India has immense potential against the competition. Globally, we invest more than 10% of our turnover in R&D to make reliable, sustainable and connected solutions. That is where we gain trust and make people & markets believe in us. We are first in technology, first in analysis and first in solution and always keep “Customer” first in all our initiatives & efforts.

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What are some high growth opportunities in the food and agriculture analytics market? How is your company preparing itself to capitalize on these opportunities? In India, the agriculture sector contributes roughly 16 % of the total GDP. Two-thirds of India’s population is dependent on income from its rural areas, with Punjab, Haryana, Maharashtra, Gujarat, Karnataka, and Madhya Pradesh being agricultural hubs. Traditionally, farmers used to be dependent on middlemen when trading their produce, which is often sold at varying prices at the rural level. To remedy this, the government has launched regulated markets, introducing a system of competitive buying with standardised weights and measures to end the exploitation of producers. These wellthought-out agricultural reforms, eNAM (Electronic National Agriculture Market), are currently being implemented across India; this is where the biggest growth opportunity for FOSS India lies ahead. FOSS India has been able to contribute to this reform by supplying over 250 digital grain analysers throughout India during the last 3 years providing instant and accurate analysis of food and Agri produce. This is the largest and the only connected chain of digital grain analysers in the Indian grain sector. FOSS NIR analysers ensure a high-quality analysis of various grains, oilseeds, pulses, cereals & lentils and yearly calibration updates along with standardisations ensure that operators cannot influence the results. The benefits for buyers are informed bidding with specific or desired quality of Agri produce and farmers can now realise

We have an R&D department of nearly 300 engineers and technical specialists. It includes hardware engineers, embedded programmers, software developers and technical specialists who develop our instruments from the very first prototypes to the final product. We have a strong team of technical specialists with a large variety of backgrounds, from astrophysics to microbiology, and working at FOSS India means working with a large variety of technologies. We have developed flow cytometers that can evaluate the number of bacteria and somatic cells in raw milk, X-ray instruments that can monitor and control the fat content in meat production lines, and we have several instruments that use Near-Infrared and Fourier Transformed Infrared Spectroscopy to evaluate nutritional values of different food products. Moreover, strategic and strong collaborations with some of the best universities in Denmark and abroad ensure access to the newest discoveries, findings and the latest technologies. Our top-notch solutions provide a wealth of data and therefore contain sophisticated data analysis algorithms. Hence, large teams of skilled data scientists/chemometricians and software developers work to implement these methods. Our ultimate goal is to keep the solutions simple, convenient, and easy to use for our customers, without letting them worry about complicated mathematics.

Explain FOSS’s holistic approach to sustainability. How is it improving its sustainability performance? Acting responsibly and with integrity has been our approach to doing business since the inception of the company. We have a holistic approach to sustainability that transcends company operations

ONE TEAM ONE GOAL ONE MISSION and procedures. We use our extensive knowledge to develop solutions to support sustainability in a world with significant population growth, scarce resources, food safety threats and climate change. As the leading provider of analytical technology for the food and agricultural industry, FOSS India plays a crucial role in addressing these challenges. FOSS India helps optimise the use of food and agricultural resources across a number of industries worldwide. We do so by enabling customers to run intelligent data-driven production, based on fast, easy-to-use, and dedicated analytics. For instance, in today’s global market there is a growing focus on ensuring safe milk products. At FOSS India, we offer a wide range of dairy analysers that screen for milk adulteration during regular quality testing for fat, protein, and other parameters, without requiring any extra equipment and infrastructure. FOSS India is also committed to supporting and contributing to the UN Sustainable Development Goals. We work to uphold and make a difference within these four goals: #2: End hunger, achieve food security and improved nutrition and promote sustainable agriculture #3: Ensure healthy lives and promote well-being for all at all ages #8: Decent work and economic growth

#12: Ensure sustainable consumption and production patterns

Elucidate how digitalization is playing a major role in allowing better analytics for FOSS India. How is it keeping the company a step ahead in the competition? The fastest-growing food and agricultural producers have already implemented data-driven production lines. Not just to strengthen daily operations, but to change – if not disrupt – the game. Automation will be automation, however, action will always depend on the quality of data generated by the line as well as how intelligently it is put to use. That is why FOSS India delivers accurate real-time measurements that are vital for efficient programming. The move from analysis to analytics makes it possible to direct and oversee key processes from central hubs. We strive to ensure new standards within regulatory compliance and customer satisfaction, without ever compromising on quality. As we follow our ambition of adding value to our customers’ business, our Danish headquarters has become the chemometrics capital of the world. From here, we build and maintain the algorithms that help businesses all over the world turn data into information and information into action. Establishing our new Digital Services division, we walk the talk and are now ready to assist big and small food and agricultural producers optimise production in a time of digital transition.

Shed light on the company’s vision and values. What is its long-term vision for this decade? FOSS’s Mission: We contribute to the sustainable use of our planet’s agricultural resources and thus to the nutrition and health of the people across the world. We provide analytics beyond measure to add value to our customers by improving quality and optimising food and agricultural production. FOSS’s Values: 

First because being first is motivating and rewarding.



Customer because the customer is the focus of all activity in the company.



People and Knowledge because we are a company based on knowledge and employees working in collaboration.

Mention the Awards and Milestones achieved by your company so far. As FOSS India, we have added many feathers to our cap by winning innumerable awards globally and locally. The two that we hold very dear are: 

The Industrial Excellence Award for the Best Company Of The Year in 2019



The Brand Vision Award for the Game Changer Company Of The Year 2020- 2021

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10 BEST MANUFACTURING

SPOTLIGHT

COMPANIES FUELING INDIA’S GROWTH

NILKANTH Engineering Works

“We relentlessly strive to innovate with the changing global consumer and technology and aim to make the construction industry work smoother.”

HARDIK H SOLANKI

A HIGHLY-ACCLAIMED MANUFACTURER AND EXPORTER OF CONSTRUCTION MACHINERIES WORLDWIDE

National Sales & Marketing Director, NILKANTH ENGG. WORKS

he demand for construction machinery is anticipated to continue increasing at a fast pace with the ongoing economic development of emerging economies. With a mission to meet the demand arising in the construction industry and infrastructure development, Hasmukhbhai A Solanki incepted Nilkanth Engineering Works in 1982.

With a powerful dream and the strength to fulfil it, Hasmukhbhai was adamant about setting up a company that would become a leading manufacturer and exporter of all types of Construction Machinery like Mobile Concrete Batching Plant, Compact Concrete Batching Plant, Stationary Concrete Batching Plant with Pan Mixer and Twinshaft mixer. Today, Nilkanth has become one of the reputed manufacturers and exporters of all types of construction machineries. Nilkanth is swiftly moving towards the cutting-edge advancement that provides high-quality components to add to the longevity, reliability and durability for manufacturing the best quality Concrete Batching Plants.

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10 BEST MANUFACTURING

SPOTLIGHT

COMPANIES FUELING INDIA’S GROWTH



Compact Concrete Batching Plant with Pan Mixer/Twin shaft Mixer Cap. 30/45/60 Cu.M/Hr.

it is. The team stays active to address any technical questions to ensure the smooth running of onsite operations.



Stationary Inline Concrete Batching Plant with Pan Mixer/Twin shaft Mixer Cap. 30/45/60/75/90/120 Cu.M/Hr.

NILKANTH’S VISION FOR THE DECADE Nilkanth aims to become a global market leader by providing the best and highly efficient and cost-effective concrete batching plants. It constantly strives to provide a hassle-free experience to its clients.

DIFFERENTIATING FACTORS When the entire world was hit by the deadly Covid-19 pandemic and came under a lockdown, travel was hampered due to several restrictions imposed by the government. Realizing the need of the hour, Nilkanth shifted everything to online. “Putting sales at the centre of our strategy, we updated our existing website, created videos to explain our products and established new and exclusive social media campaigns to increase our online presence,” says Hardik.

THE INCEPTION TALE Nilkanth is the vision that Hasmukhbhai visualized in 1982. He, who had affluent skills to fulfil his dreams, dedicated over 25 years in the field of ready mix concrete machine manufacturing and relentlessly undertook research and developed concrete mixing equipments, which are globally recognized for their quality and services. It was 1986 when Nilkanth developed its first-ever product marking machine for the cable industry, the cables could be identified by identification numbers and can then be traced. The cables could be easily installed by their marked identification number. In 1993, Nilkanth started manufacturing Asphalt Paver- a finisher machine that can be used in road construction projects. In 2000, Nilkanth developed its first mobile concrete batching plant and started sending the plant to various parts of Gujarat like Gandhidham, Bhuj and the Kutch area. Realizing the ample opportunities prevailing in the market, it then entered into export in 2006 and became one of the most desired mobile concrete batch manufacturing companies in the economy in 2021.

MEET HARDIK H SOLANKI Hardik H Solanki, son of Hasmukhbhai Solanki decided to carry on the legacy built by his father in 2018. As

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the National Sales and Marketing Director, Hardik is responsible for sales, marketing, dealer building, strategy planning, and handling corporate customers in India and abroad. Furthermore, he also identifies and plans differentiated and impactful marketing strategies. Hardik’s deep expertise and well-thought marketing strategies are bringing the finest technology in the company to manufacture products with an aim to deliver high-quality components to add to the durability, trustworthiness, and stability. With Hardik’s phenomenal sales and marketing strategies, Nilkanth is expanding rapidly throughout the economy. “We have successfully served our customers with more than 1000 plants and have exported to 15 countries. We believe our customers are our family and are always keen on providing them with after-sales services. This helps us build a stronger connection with them,” says Hardik.

As the company always puts customer relationships on priority, it hosted informative webinars and online meetings to build trust and educate the customers. That’s how, when other companies were struggling to survive in the pandemic, Nilkanth continued to strive and set itself apart from the competitors. “Clients are our priority. It’s our responsibility to make every important aspect of the client experience better every day,” adds Hardik. To stay on top of the clients’ expectations, Nilkanth focuses on: 

Use of latest and leading-edge technology



Constant Quality Check



Maintaining packaging list through software that avoids glitches during installation



Calibration is done onsite on the same day

THE PRODUCT PORTFOLIO

THE CLIENTELE

Nilkanth always stays on top of the clients' list as it is always ready with its deep technological expertise to make changes as and when required. It manufactures 3 major products which are as follows:

Nilkanth always strives to become a customer-oriented company. Right from ideation to installation and maintenance, Nilkanth makes sure to benefit the clients with their requirements. Its customer-centric approach and well-defined execution processes help the company to deliver top-notch results to the clients to achieve 100% client retention.



Mobile Concrete Batching Plant with Pan Mixer/Twin shaft Mixer Cap. 30/45/60 Cu.M/Hr.

It strives to innovate with the changing global consumer and technology and make the construction industry work smoother and better. Its top 5 clients are: 

Kunal Structure India Pvt Ltd; served with 23 plants



Sri Raja Rajeshwari Constructions; served with 16 plants



LCC Projects Pvt Ltd; served with 14 plants



RCC Developers; served with 8 plants



Unique Infra Engineering Pvt Ltd; served with 8 plants

CORE PHILOSOPHIES Nilkanth’s business philosophies serve as its roadmap to growth. These are crafted in such a way that encourages a positive mindset and evolve best practices in the company. Its core philosophies are:  Quality With an experience of over 40 years, Nilkanth’s core philosophy has always been to keep quality above anything. The company understands that the quality of the concrete depends on the quality of the concrete batching plant. Quality for them is not just a word, it’s a promise.

and reference orders from several customers.  High Technology Nilkanth constantly keeps a strict eye on the latest technological developments and quickly reacts to trends to always stay one step ahead to maximize customer benefits.  Fast Services The team at Nilkanth is known for its quick resolutions of onsite service requirements, with the majority of the resolutions provided for onsite equipment on phone or remote video support. If the issue is not resolved on off-site support service, the service engineers reach the site within minimum time and resolve the problem.  Continual Improvement Nilkanth emphasizes on continual improvement of products and developing them dynamically to offer future-oriented solutions.  24 x 7 Support The company stays open to customer support 24 hours a day and 7 days a week ensuring the quick solutions to an issue, no matter what day or time

Furthermore, Nilkanth always gives a 100% guarantee on the quality of its products and provides services without any delay as it believes that the faster it attends to clients’ needs, the more trust it builds in their minds.

FEATHERS IN THE CAP Since the company’s inception, Nilkanth has been the recipient of many awards and accolades. Some of the well-renowned awards are listed below: 

Top 10 Road and Civil Construction Equipment Manufacturer 2021



Business Innovation of the Year 2021



Creative Entrepreneur of the Year 2021 Award to Hardik Solanki



Best Operator Training Program Award 2021

The global market for construction machinery is expected to sustain doubledigit growth. Companies like Nilkanth Engineering Works have a major role to play in the development of this industry. With a rich experience in designing and developing customized engineering solutions with the latest technology, today, the company has proudly become one of the major leaders in the manufacturing of construction machineries.

“Quality has always remained at the top of Nilkanth’s list. A strict quality inspection is done through in-house software before dispatching the product on the client’s site,” reiterates Hardik.  Customer Satisfaction This is the company’s motto since day 1 and has helped in getting repeat The Global Hues | Vol. 2 | Issue 4 | April 2022

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10 BEST MANUFACTURING

SPOTLIGHT

COMPANIES FUELING INDIA’S GROWTH

Innovate and Create” is the foundation of our business, where each venture has been developed to contribute back to the society and its people.”

Sandeep Mahajan (MD, VRISA INNOVATION LIMITED)

THE GAME-CHANGER IN SUSTAINABLE CONSTRUCTION

wing to the lengthy construction time for conventional brick and mortar structures and growing awareness about environmental concerns, people have started to prefer prefab homes. A well-renowned company, Vrisa Innovation with its unified aim of ‘Design to Deliver’ and to meet the increasing demand for prefabricated housing, was incepted in 2017 by Sandeep D. Mahajan. Vrisa Innovation believes in bringing novelty with sustainable methods. It believes that modernism should flourish without hampering the environment. Therefore, every product or service i.e. Luxurious Wooden & Prefab Farm Houses, Bungalows, Resorts, and Cottages, it provides are ecofriendly and sustainable. Having more than 10 years of experience in the construction field, it has more than 200 clients to add to its credit.

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ABOUT THE MAN BEHIND THE COMPANY Sandeep D. Mahajan is the face behind Vrisa Innovation. The Creative, Innovative, and Dynamic Sandeep is always keen on exploring new and innovative concepts. He began his first venture when he was only 18 years old. At the age of 22, his packaged water manufacturing plant was ranked the 2nd largest plant in the state of Maharashtra. On his 30th milestone, he expanded his business in the field of Modular Constructions, Real Estate, Hydro Energy and Hospitality sectors. He globalised it further in partnerships with Canadian, Russian and European wooden suppliers. Currently, he is responsible for developing and executing Vrisa Innovation’s business strategies, preparing and implementing comprehensive business plans, and planning cost-effective operations and market development activities for the company.

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10 BEST MANUFACTURING

SPOTLIGHT

COMPANIES FUELING INDIA’S GROWTH



European Pinewood Structure: These structures come with an immaculate finish, high durability, negligible maintenance, elegant look, attractive designs and much more.

OTHER BUSINESS VERTICALS Vrisa’s other business verticals include providing interior design solutions, hospitality services, and hydro energy. Interior design services include providing residential design solutions like designing homes, farmhouses, apartments, and studio houses. It also designs commercial spaces like hotels, restaurants, offices, resorts, and much more.

THE CORE TEAM OF VRISA Sandeep believes that “My Team is My Greatest Asset, and we create an enjoyable work Environment and a vibrant community.” Poonam Mahajan accompanying as a Corporate Head, involves in Sales and Marketing along with Site Management and Quality Control Sunil Kadam and Sameer lead the Production department Arc Sakshi and Arc Sanket lead the Design Department and Material Selection Sheeba Jecob takes care of Sales, Customer Relations and Site Co-ordination Jayashree looks after Accounts Department, Statutory compliances and Govt. dept. co-ordination

blend it with classic simplicity and enduring beauty. These homes are highly cost-effective, quick to construct, require minimal maintenance and offer a better return on investment. Those desiring a different feel and a break from regular living can consider these homes an ideal choice. 2. Wooden Homes: The Sustainable Alternative Vrisa’s desire to transform the prefabricated construction method and shift towards sustainability has led to the innovation of prefab wooden homes that offer a similar appearance of wood. These structures are an ideal choice for all those who like the appearance of wood but at the same time, want them to be maintained properly. 

PRODUCTS PORTFOLIO With a vision to make the process of owning a dream home hassle-free for its clients, Vrisa Innovation pioneers sustainable and pre-crafted luxurious Wooden or Prefab Farm Houses, Bungalows, Resorts, and Cottages. The prefab homes that it supplies can be built on-site within 90 working days time span irrespective of their remote location. “Our Prefab homes seamlessly unite client’s needs with the sustainable construction method, creating structures of classic simplicity and enduring beauty,” says Sandeep. Some of its products are listed below: 1. Modular Prefabricated Structures Prefab homes of Vrisa purely embrace the high-end modern technology and

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Canadian Pinewood Structure: Canadian Pinewood Structures are constructed using the most genuine quality certified pinewood, obtained from B.C Canada.

“We have the support of FII, Canada for the procurement of wood and an expert team of wood specialists. The wood we use is certified by global agencies-CSA (Canadian Standards Association), FSC and SFI (Sustainable Forestry Initiative). Wood species that are available with us are SPF, Douglas fir, Yellow Cedar, and Red Cedar,” explains Sandeep. 

Russian Pinewood Structure: Vrisa brings the most seasoned natural pinewood from regions of Siberia and Russia to make exclusive homes, resorts, cottages and tiny cabins. The high-quality lumber is sourced from 90 thousand hectares of the forest region of Russia. These structures are lightweight wooden structures, resist shrinking & swelling, have good elasticity, etc.

Vrisa’s first Hydro Energy Plant was established in the year 2010, with an aim to pioneer the concept of clean and pollution-free energy to combat climatic change. “Our current goal is to produce 1 Cr Units per annum from next year and we thus plan to increase this production up to 5 Cr Units per annum by the year 2027,” explains Sandeep.

DIFFERENTIATING FACTORS Vrisa Innovation is the only Public Limited Company and leading manufacturer & supplier in India that works on wooden and prefab simultaneously. Vrisa upgrades the projects with the latest construction methods and products and provides its client with turnkey solutions based on their choice and site location. It also comes up with innovative concepts for each construction. “We work with our team hand in hand right till the time we hand over the project. Our team’s sincerity, punctuality, and hard work help us to maximize customer satisfaction,” explains Sandeep. Vrisa positions itself uniquely in the competitive market due to the below-mentioned factors:  Custom Made Designs Vrisa offers custom made wooden and prefab & modular structures, using eco-friendly materials and the latest technology.  Durability and Strength Vrisa’s structures are so strong that they stay stable and durable in any climatic conditions, be it tropical or coastal region.  Reusable and Eco-friendly The materials that Vrisa uses for its construction activities are LEED and ISO certified, are reusable and thus eco-friendly.

 Best Quality & On-Time Delivery Vrisa makes all its processes and details transparent to the clients and adheres to delivering quality work on time to gain clients’ trust.  Expert In-House Team Vrisa has a highly skilled and experienced in-house team of expert architects and engineers, who convert every impossible thing into possible and deliver projects of elegant and aesthetically pleasing look.

that coordinates with the clients and work on the maximization of clients’ satisfaction Executing what has been committed is his success mantra for building a credible brand.

FEATHERS IN THE CAP Vrisa Innovation has been the recipient of two highly prestigious honours. These are:



Udyog Bharati Award – For Quality Excellence and services



Bhartiya Udyog Ratana Award – For National Economical Development through Individual contribution

Vrisa’s approach to sustainability, core philosophies, and commitment to providing top-notch services position it uniquely in the competitive landscape and make it one of the leading manufacturing companies fueling the growth of modern India.

“Our clients are our priority. We give them complete support from the initialization till the completion of the project and solve any queries and doubts that arise in their minds,” reiterates Sandeep.

PRIORITIZING CLIENTS’ SATISFACTION Vrisa is committed to serving its clients with professionalism, honesty, transparency, dedication, time, knowledge and expertise to ensure successful and stress-free transactions. Its transparent and regular updates during the construction keep the clients updated and well informed. Vrisa also gives flexibility to its clients to choose, modulate, and innovate the products to create a healthy structure for their personalized needs. “At Vrisa, we are extremely proud of the quality of the services we provide to our clients and thrive on delivering maximum satisfaction. We are always open to listening to their suggestions and tailoring our deliverables as per their needs and requirements,” says Sandeep.

MISSION STATEMENTS Vrisa believes that modernism should flourish without hampering the environment and also believes in bringing novelty with sustainable methods and approaches. The aim of Vrisa is to combat climatic change and contribute to developing a holistic sustainability model for the country.

MANTRAS TO BUILDING A CREDIBLE BRAND Sandeep has his own definition of success. He says: 

One should be true to oneself and the clients



Be transparent in everything one says and executes



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TECHNOLOGY

1784

1870

1969

TODAY

INDUSTRY 1.0

INDUSTRY 2.0

INDUSTRY 3.0

INDUSTRY 4.0

Mass production, assembly line, eletrical energy

Automation, computers and electronics

Cyber Physical Systems, internet of things, networks

Mechanization, steam power, weaving loom

INDUSTRY AND HOW IT CAN BENEFIT BUSINESSES?

 AI and Machine Learning AI and Machine Learning are allowing Industry 4.0 to gain a foothold in businesses and on factory floors. AI permeates the entire Industry 4.0 ecosystem; an example of this can be the use of AI algorithms to optimize the supply chain of manufacturing operations and to help them better respond to, and anticipate, change in the market. AI and machine learning can also create insights providing predictability and automation of operations and business processes. For example, Industrial machines are prone to breaking down during the production process. However, using data collected from these assets can help a business perform predictive maintenance based on the algorithms of machine learning, resulting in higher efficiency.

he world has witnessed three industrial revolutions, with each binging in challenges of adopting new production methods. The First Industrial Revolution began in the 18th century that involved the mechanisation of production. The second, which also came to be known as the Technological Revolution, involved the use of telephonic communications, and electrical & steam power. With the third industrial revolution, the world witnessed the spread of automation and digitization through the use of electronics and computers, and the invention of the internet. The Fourth Industrial Revolution involves human-machine interaction and the use of embedded Internet of Things (IoT) based sensors to drive data-based decisions. Industry 4.0 is revolutionizing the way companies manufacture, improve, and distribute their products and services. Manufacturers are integrating new technologies, including cloud computing and analytics, AI and machine learning, and the Internet of Things

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into their production facilities and throughout their operations to make manufacturing more agile, flexible, and responsive to customers. The manufacturing industry is realizing the importance of developing smart factories equipped with advanced sensors, embedded software and robotics that collect and analyze data and allow for better decision making. Let’s first take a quick look at the technologies that are driving industry 4.0:  Internet of Things (IoT) The global IoT in the Manufacturing Market Industry growth is projected to reach USD 87.9 billion by 2026. IoT is becoming a key component of smart factories. IoT technology enables the flow of data and provides the ability to monitor and manage processes remotely and change production plans, when needed, in real-time. Moreover, it also improves manufacturing outcomes, speeds production, reduces waste, and improves the quality of goods produced.

 Cybersecurity As the manufacturing industry continues to adopt Industry 4.0, it becomes an increasingly appealing target for attackers. Without strong protection, attackers can take advantage of systems for industrial espionage, IP leakage, intellectual property theft, or even production sabotage. The manufacturing sector, in order to protect itself against evolving threats, should adopt a risk-based security mindset and security-first approach to the deployment of new connected systems.  Cloud Computing The full realization of smart manufacturing demands connectivity and integration of engineering, production, supply chain, sales and distribution, and service. Cloud makes that possible. Cloud platforms allow businesses to have access to the latest data, applications, and processes brought by the new technological era without having to overspend on building physical infrastructure for the same.  3D Printing 3D printing enables manufacturers to produce complex parts with speed. Prototypes designed using 3D technology are used in the R&D stage to fix design problems before mass production. Moreover, with the use of 3D printing, parts and products

can be stored as design files in virtual inventories and printed on demand, thereby reducing both cost and transportation distances.

BENEFITS OF INDUSTRY 4.0 FOR BUSINESSES  Flexibility and Agility It is easier to scale production up and down in a smart factory. It is also convenient to introduce new products to the production line as well as create opportunities.  Better Efficiency Multiple areas of the production line will become more efficient due to Industry 4.0 related technologies. Some examples of improved efficiency include faster batch changeovers, automatic reporting, and automatic track and trace processes. 

Improved Productivity & Better Management of Resources Industry 4.0 technologies enable to produce more and faster while allocating the resources more cost-effectively and efficiently. The production lines experience less downtime because of enhanced machine monitoring and automated/ semi-automated decision making.  Cost reduction The use of Industry 4.0 technologies helps to achieve lower operating costs through better uses of resources, less wastage, less downtime, and reduced quality issues. It creates immediate cost savings by also powering predictive maintenance and mitigating disruptions.

FINAL WORDS Industry 4.0 is going to dramatically increase the ability of mankind to create products, ship them worldwide, and improve the customer experience. It is not just about addressing the current pain points but also about building a stronger future-ready foundation for continuous and sustainable growth.

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10 BEST MANUFACTURING COMPANIES FUELING INDIA’S GROWTH

APOLLO TYRES HELPING CUSTOMERS CONQUER THE ROAD AHEAD As a dealer, we use the fast-moving consumer goods model. We make sure that the customer comes to the dealer.

n international tyre manufacturer and the leading tyre brand in India, Apollo Tyres was incepted in 1972. At present, the company has a total of six manufacturing units- 4 in India and 1 each in the Netherlands and Hungary. India’s 5th and 7th globally, is coming up in Andra Pradesh.

ONKAR KANWAR

Chairman & MD, Apollo Tyres

Powered by its two global brands Apollo and Vredestein, the company’s product portfolio includes the entire range of passenger cars, light trucks, SUVs, two-wheelers, agriculture, industrial, specialty bicycle, and off the road tyres, and retreading material and tyres. These products are available in over 100 countries worldwide through a vast network of branded, exclusive and multiproduct outlets.

Apollo Tyres actively invests in bringing innovative tyre technologies to the Indian market and has also expanded its customer service experience by updating safety measures at authorised stores and outlets.

THE FACE BEHIND APOLLO TYRES Onkar Kanwar, the Chairman and Managing Director of Apollo Tyres, is the chief architect of the company’s vision and value-driven business strategy. Onkar plays a critical role in the articulation of the company’s business philosophy. His guiding principles are modernisation, excellence, and quality. Under his strategic leadership and guidance, Apollo Tyres has transformed itself from an Indian manufacturer of commercial vehicle tyres to a global company with a full-fledged product portfolio, spanning 3 continents. He is a Science and Administration graduate from the University of California. He devotes a large part of his time to reading and is passionate about learning modern management practices and their successful application in Apollo Tyres.

PRODUCT PORTFOLIO Apollo Tyres is the first global brand to introduce fuel-efficient tyres. Innovative products from the brand include the Alnac 4G tyre for cars, the Apterra tyres series for SUVs, and the Apollo Alpha bike tyre. Here is the entire range of products offered by Apollo Tyres:

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 Apollo Car Tyres Apollo’s ‘4G’ series car tyres are highly popular among car and SUV owners, ensuring better performance, mileage, and fuel efficiency. Considering in mind the harsh Indian roads, the company has designed the Alnac, Amazer, and Apterra range of car tyres after extensive research. Car tyres by Apollo are among the most sought after passenger vehicle tyres in India.  Apollo Bike Tyres Designed in various types and sizes, Apollo makes front and rear tyres for all types of two-wheelers, from street bike tyres and high-performance racing bike tyres, to touring motorcycle tyres. The entire range is available in both tube type and tubeless variants and comes with features like puncture resistance, high-speed stability, superior grip on dry and wet roads, improved braking performance, etc.  Tubeless Tyres for Car & Bikes Tubeless tyres are considered superior to tube-type tyres due to their lighter build, better puncture resistance, structural stability, and other benefits. They can also auto-heal punctures with a liquid sealant's help, which oozes and seals the hole cut by a sharp object. Apollo Tyres makes the best tubeless car and bike tyres.



Over 200 patents filed on tyre technology across the global business with many of them filed in Europe, India or the USA



Developed ultra-low rolling resistance technology (ULLR) for an ‘A’ rating in the Rolling Resistance label



Focus on creating tyres with sustainable materials in line with the European green deal project



Developed Zero Degree Steel Belted motorcycle technology for high-performance radial tyres



Developed Fuel-efficient nRG series TBR tyres with no compromise on mileage or durability

CSR FRAMEWORK Apollo Tyres has developed a Corporate Social Responsibility (CSR) framework that revolves around the principle of the three I’s i.e. to involve, influence, and impact the key stakeholders- Customers, Supply Chain Partners, Employees, and Community.

category for the remarkable work done under the healthcare initiative for the trucking community, during the COVID 19 crisis.

GLOBAL R&D ACHIEVEMENTS

FEATHERS IN THE CAP Some of the accolades and awards received by Apollo Tyres are: 

CSR Health Impact Award 2021 under the ‘Health CSR Project - Health Campaign of the Year’



ICSI (The Institute of Company Secretaries of India) CSR Excellence Award 2019 under the 'Best Corporate in Large' category.



CSR Excellence Award under the Livelihood Creation category by Gujarat CSR Summit and Awards for its livelihood programme in Gujarat.



Indywood CSR Excellence Award under Best CSR Campaign - Biodiversity and Climate Change category, organised by Indywood Film Carnival.

Since its inception in 1972, Apollo Tyres believes in giving its customers new choices that put them in control and help them conquer the road ahead. The company helps its customers to achieve their own potential when it comes to driving and in every area of life as reflected in its tagline ‘go the distance’ and vision ‘Driving Progress, together’.

The initiatives of Apollo Tyres are in two themes: Environment and Social. Within the themes, there are 4 core areas of work: 

Healthcare Programme for Trucking Community



Solid Waste Management and Sanitation



Livelihood for Underprivileged Women

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Biodiversity Conservation

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10 BEST MANUFACTURING COMPANIES FUELING INDIA’S GROWTH

BARREL MOTORS CHANGING THE FACE OF TRANSPORTATION VIA BUILDING TOP-NOTCH MOTORCYCLE AND AUTOMOTIVE ACCESSORIES We, at Barrel Motors, aspire to develop high-performance electric transportation and continuously keep raising the bar for our passionate bikers.

just 6 months with minimum sales and validation of the product-market fit, Giridhar was able to move into a 1 BHK commercial space to expand the operations further. When the sales grew steadily, he borrowed some money and set up the first factory with only one lathe machine in May 2016. In just 2 years, a full-fledged factory was in place and was manufacturing end-to-end to have control over quality. To expand further, Barrel opened 3 dealerships in international locations i.e., Vietnam, Australia & Thailand apart from selling online to over 16 countries.

THE BARRELING EXPERIENCE

uccessful people always keep moving. Despite facing innumerable challenges, they never quit. Bearing testimony to this is Giridhar Soundararajan, who even after failing twice

in developing mobile applications, quit his high paying job at HP and decided to follow his heart to build an enclosed two-wheeler to replace too many cars on the road. As he was truly passionate about it, he incepted Barrel Motors (formerly known as Barrel Exhaust) in 2014.

Giridhar realized that the easiest entry into the automotive field would be through aftermarket accessories. Therefore, Barrel Exhaust was built to be a premium brand of aftermarket exhausts for top brands like Royal Enfield, KTM, Bajaj, Aprilia and more. With innovative & patented designs and build quality that met international standards clubbed with a never seen after-sales service, Barrel grew from selling in one city to witnessing sales in over 16 countries within just 3 years of its inception.

GIRIDHAR SOUNDARARAJAN Founder & CEO, Barrel Motors

ABOUT THE FACE BEHIND BARREL MOTORS As the Founder & CEO of Barrel Motors, Giridhar Soundararajan focuses on enabling his team to make sure that the outcome of every action brings happiness to the customers. At Barrel Motors, Giridhar is responsible for managing the overall operations from delegating and directing agendas, to managing the organizational structure of the company. He creates a positive culture, nurtures creativity, generates opportunities, removes any roadblocks that come in the way, serves the stakeholders, and builds an effective team.

THE INCEPTION TALE Barrel Motors began its operations from the boot of the Founder’s car. Even after failing twice and going bankrupt, he built a company in the automotive sector. And he took the right decision. Within

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The team at Barrel Motors specializes in creating high performing exhaust systems and accessories like racing handlebars and crash protectors for the riders. Barrel is more of a lifestyle brand for bikers across the globe and calls it ‘The Barreling experience’.

At Barrel, we are working towards creating happy bikers through our world-class accessories and the experience we deliver to the bikers. Whether it is an exhaust system or electric motorcycle, our sole objective is to put a smile on the riders’ faces. The highly skilled and experienced team at Barrel electric is focused on building an electric motorcycle that will meet the urban and the adventure needs of the biker. Primarily focused on the 18-35-year-old, Barrel electric aims to be the Number 1 choice for passionate bikers. The electric team is made up of Founding Engineers from Ather, former Mahindra engineers, and a bunch of young and dynamic engineers who love working in the field of motorcycles and automobiles.

First Oﬃce Of Barrel Exhaust; Started Operations From A Car

A WORTHWHILE PROJECT During a racing event at Kolhapur, Maharashtra, in which Barrel Motors was among the sponsors, Aprilia factory got fascinated by Barrel’s products and approached the company to develop a rally exhaust system for the Aprilia Scooter. The quick-witted team at Barrel Motors took it upon itself and created a wonderful racing exhaust system that even caught the attention of the Piaggio India CEO. The Piaggio two-wheeler R&D team also approved Barrel’s exhaust system to be used in their rally season of 2018. That rally season, team Aprilia used Barrel Exhaust to defeat the TVS Scooter team and finally crowned itself as the champions. To boast further, Piaggio launched a new variant of the SR Rally Scooter for the dealers in Goa with a Barrel Exhaust muffler on it. This project, therefore, helped Barrel Motors in building its brand name across the entire country.

OVERCOMING THE CHALLENGES The manufacturing business is definitely not a cakewalk. Barrel Motors had its fair share of hurdles to overcome. The biggest one was getting a skilled workforce and retaining them. Outsourcing most of the manufacturing work to reliable vendors acted as a great move in solving the issue. Another challenge is the continuous increase in the cost of raw materials, especially for Small and Medium-sized businesses.

“The only way out for businesses that are SME in nature is to increase their selling costs to cover the expenses or explore new markets and new product lines. We have implemented these options to mitigate the rising costs of manufacturing. Our increased focus on the export market and the development of new products by the R&D unit will help us enter new markets and brands with premium pricing,” explains Giridhar.

THE MISSION STATEMENT The aim of Barrel Motors is to develop high-performance electric transportation and continuously keep raising the bar. The team is capable and determined enough to change the face of transportation for a better future.

THE MILESTONES COVERED Since the company’s inception, Barrel Motors is driving itself with a vision of creating happy bikers. Therefore, any appreciation it gets from its customers is nothing less than an award. Giridhar always cherishes the recognition that Barrel Motors got from Piaggio India and the invitation received to visit their R&D Team and the launch of their SR Rally Scooter with a Barrel Exhaust on it. The launch of a dream Barrel Motors R&D unit in 2020 in Bangalore is another milestone to boast of. Today, Barrel Motors is backed by a few angel investors and intellectual minds, helping the brand to grow expansively and create a future that is fun and exciting to ride.

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REPORT This comes at a time when the country is facing a deficit in social sector funding which stands at Rs. 17.5 lakh crore in FY21 and about 93 per cent of it is public funds (central and state social expenditure). Private funds account for 7 per cent of the total social sector funding, which stands at approximately Rs. 100,000 crore.

HOW MUCH WEALTH DO THE

Funding in FY21 stood at 8.5 per cent of the GDP. According to NITI Ayog (Premier policy think tank of the Government of India that provides directional and policy inputs), India needs to funnel approximately 13 per cent of its GDP into social causes to meet its United Nations Sustainable Development Goals (SDG) by the year 2030. The Report plugs

the deficit at Rs. 8 lakh crore in FY21 and Rs 10 lakh crore in FY26 if the same trajectory continues. In fact, the social sector expenditure as a percentage of GDP is less than neighbouring countries and other countries, such as Russia, Brazil, China, and some way behind Organisation for Economic Cooperation and Development countries.

Average contribution by wealth (percentage of net worth donated, FY 2021)

PEOPLE GIVE TO PHILANTHROPY?

China

ndian economy is bouncing back to the growth trajectory. It is likely to become a $5 trillion economy by the financial year 2030. However, as per the Indian Philanthropy Report (IPR) 2022 released by Bain & Company and Dasra, the gap between the top 1st percentile and the bottom 50th percentile has continued to widen, and the Covid 19 pandemic has pushed more than 200 million Indians into poverty. Meanwhile, the overall family philanthropy (given by UHNIs and HNIs) has contracted. In this report, HNIs are high net worth individuals with wealth between Rs. 7 crore and Rs. 1000 crore while individuals with a wealth of more than Rs 1000 crore are UHNIs. The contribution of HNIs has seen a modest six per cent CAGR from about Rs. 16,000 crore in FY15 to around Rs. 22,000 crore in FY21. The volatility comes from the UHNI segment. As per the report, even though UHNI giving has increased over the past two years, giving as a percentage of net wealth (excluding Azim Premji) has declined. The number of people

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in the UHNI segment has increased to more than 1,000 in FY21 from 820 in FY20. Their cumulative net worth has increased from approximately Rs. 60 lakh crore in FY20 to approximately Rs. 90 lakh crore in FY21, indicating an approximate increase of 50 per cent.

However, the relative contribution as a percentage of wealth among UHNIs in India ranges from 0.1 per cent to 0.15 per cent compared with 1.2 per cent to 2.5 per cent in the United States, 0.5 per cent to 1.4 per cent in China and 0.5 per cent to 1.8 per cent in the UK.

Contribution of Ultra-Rich People to Philanthropy

China UK

India

Source: India Philanthropic Report 2022

Demand-supply gap in social sector funding in india (INR lakh Cr., until FY 2026)

INDIA 0.1% to 0.15%

CHINA 0.5% to 1.4%

UK 0.5% to 1.8%

US 1.2% to 2.5%

The number of UHNIs (Ultra High Net Worth Individuals) has increased from 828 in FY20 to over 1000 in FY21 in India. The cumulative wealth of UHNIs has increased by approximately 50 per cent from Rs. 60 lakh crore in FY20 to approximately Rs. 90 lakh crore in FY21. The relative contribution as a percentage of wealth among UHNIs in India ranges from 0.1 per cent to 0.15 per cent.

Source: India Philanthropic Report 2022

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REPORT

CONTRIBUTION FROM TECHNOLOGY & CLOUD SERVICES SECTOR Indian Philanthropy Report also says that the philanthropic potential of UHNIs is being steered by the emergence of startups and young tech entrepreneurs.

UHNIs from the technology sector have donated more generously than other sectors, constituting about 8 per cent of the total UHNI wealth in 2021 but contributing approximately 35 per cent of total donations of Rs. 4,500 crore in FY21, with similar trends noted in FY20.

Furthermore, young philanthropists have a larger vision than traditional philanthropists. A possible increase in relative giving by NowGen philanthropists and tech entrepreneurs holds the potential to play a critical role in meeting the country’s social sector fund requirement.

Sector Segmentation of total wealth and total giving (%2020) Sector Segmentation

Total Wealth (~60 lakh crore)

Total Philanthropic Giving (~4100 crore)

Energy & Natural Resources

25%

26%

Advanced Manufacturing & services

20%

Healthcare

15%

12%

Consumer Products

15%

Technology & Cloud Services

25%

All others

17%

12%

Source: India Philanthropic Report 2022

Sector Segmentation of total wealth and total giving (%2021) Sector Segmentation

Total Wealth (~85 lakh crore)

Total Philanthropic Giving (~4500 crore)

Energy & Natural Resources

29%

22%

Advanced Manufacturing & services

20%

Healthcare

14%

Consumer Products

13%

Technology & Cloud Services

35%

All others

14%

Source: India Philanthropic Report 2022

THE SCOPE FOR UNLOCKING PHILANTHROPIC POTENTIAL As per the report, Indian UHNI could potentially increase their donations by 8 times, to INR 90,000 to INR 100,000 Cr., given that they match the percentage of giving of their UK and Chinese counterparts, and by 13 times, to INR 160,000 to INR 170,000 Cr., if they can match their US counterparts. Based on the projections, CSR, retail, and family philanthropy are set to grow by approximately 10 per cent to 14 per cent in the coming years. The report says that “There continues to

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be an information-expectation-priority asymmetry in the sector: Investing in strengthening ecosystems will help address that asymmetry and unlock greater, more equitable philanthropy.” Furthermore, tax incentives might unlock greater philanthropic capital. However, sector leaders suggest that “although tax incentives may encourage giving as a desirable behaviour and unlock greater capital, it is not the underlying driver for philanthropy.” Therefore, there is a need to invest in philanthropic infrastructure and create an inspiring movement to establish giving as a social norm in the country.

FINAL WORDS To propel the growth story of India, a real opportunity exists to invest in and support different funder groups across CSR, family philanthropy, and retail giving. To accelerate giving in India, it is important to build on the short term transformational potential of CSR, greater investment in building an enabling ecosystem for retail and HNI givers, and increased social investments by NowGen philanthropists. Building a strong philanthropy infrastructure is critical for India’s growth.

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10 BEST MANUFACTURING COMPANIES FUELING INDIA’S GROWTH

JINDAL STEEL & POWER ENVISIONING SUCCESS THROUGH INNOVATION

indal Steel and Power, proclaimed as India’s fastest-growing and largest integrated steel manufacturer is significantly present in the steel, mining, power, and infrastructure segment. It is an industrial powerhouse led by Naveen Jindal, the Chairman of the company.

JSPL’s success story has been scripted essentially by its resolve to innovate, enhance capabilities, set new standards, enrich lives, and ensure that it stays true to its value system. As one of the largest steel producers in India, JSPL is credited for revolutionizing the process of steel making in India. Its ceaseless drive for excellence, innovative

approach, and unmatched quality have enabled Jindal Steel and Power to become a trailblazer in the steel industry. Jindal Power Limited (JPL), a subsidiary of JSPL has also emerged as a significant player in the power industry. Its technical and managerial capabilities have allowed the company to highly contribute to the needs of the power in the country.

ABOUT NAVEEN JINDAL Naveen Jindal is the current Chairman of the company. His vision at the company is driven by the core principle of Nation Building and creating worldclass capabilities with a vision to create a self-reliant India. Under the leadership of Naveen, JSPL has been declared the highest wealth creator in the world between the Years 2005-2009 by the Boston Consulting Group.

NAVEEN JINDAL

Chairman, Jindal Steel & Power

THE PRODUCT PORTFOLIO JSPL produces economical and efficient steel and power through backward and forward integration. The product portfolio of the company spans the steel value chain from the widest flat products to a whole range of long products and rails.  Rails JSPL has pioneered the manufacturing of 121 meters as rolled long track rails and designed a facility to factory weld these rails in welded lengths of up to 484 meters with only 3 welds. JSPL is the first Indian producer to produce value-added Head Hardened Rails used in Metro Rails and High-Speed corridor projects.

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 Angles and Channels JSPL has commissioned a state-of-the-art 0.6 MTPA capacity medium and light structural mill (MLSM) at Raigarh, Chhattisgarh. This mill is a first-of-its-kind in India and is equipped with advanced rolling mill technology and equipment from Danieli, Italy.  Plates and Coils JSPL has India’s first state-of-the-art plate mill that produces plates and coils of 5 and 3 meters in width respectively. The plates produced are of premium quality in terms of internal soundness and dimensional adherence owing to its clean sound steel refining facilities, clean raw materials, and efficient rolling mill.  Wire Rods JSPL also offers wire rods in 5.2 mm to 22 mm diameter from its first unit at the proposed 6 MTPA capacity integrated steel plant at Patratu, Jharkhand. The mill produces low carbon, high carbon, medium carbon, and other special grades that include cold heading quality (CHQ), electrode quality, spoke wire, pre-stressed concrete, high carbon wire rods for spring steel, and tyre bead and ACSR.  Parallel Flange Beams & Columns JSPL produces medium and heavy hot rolled parallel flange beams and column sections in India. They enable complex fabrications in high volumes due to inherent functional advantages and are produced as per various Indian & International standards.  Round Bars Located in Patratu, Jharkhand, the round bar mill of JSPL is equipped with the latest technologies from Siemens, USA. The mill is operational with modern rolling equipment like reducing and sizing mill (RSM), pinch rolls, high-speed shear, and laying heads. To meet the processing requirements of various grades of carbon and alloy steel, it also has controlled temperature rolling and controlled cooling.

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The spirit of entrepreneurship and innovation

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Optimum utilisation of resources

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Sustainable environment-friendly procedures and practices

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The highest ethics and standards

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Hiring, developing and retaining the best people

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Maximising returns to stakeholders

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Positive impact on the communities it touches

SUSTAINABILITY India is one of the leading economies in the world and is expected to grow at a significant pace in the coming years. JSPL is working towards building the furnace of India’s growth by focusing on three parameters as part of its sustainable business growth strategy. 

Sustainable commitment centred around population stabilization,

education, and building a clean and green India. 

Customer centricity with an emphasis on ‘One Time In Full Delivery’ of the company’s projects.

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Corporate governance philosophy, where the company’s Group Code of Conduct (GCoC) details its model code that governs its operating principles as managers, employees, and business associates.

THE VISION STATEMENT JSPL aspires to become a globally recognized and admired organization that enhances the quality of life of all stakeholders through sustainable industrial and business development. Since the company’s inception in 1979, Jindal Steel and Power is committed to strengthening the future of the nation and working towards building a better world. It is building a legacy of strength and a future of hope.

THE CORE PHILOSOPHY JSPL aspires to achieve business excellence every day through 7 sets of principles. They are: The Global Hues | Vol. 2 | Issue 4 | April 2022

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10 BEST MANUFACTURING COMPANIES FUELING INDIA’S GROWTH

TATA STEEL ASIA’S FIRST INTEGRATED PRIVATE STEEL COMPANY

rom the vehicle one drives, to the house one lives in, from the bridges one crosses, to the hand tools that one uses, Tata Steel strives to deliver unparalleled quality through its customised value-added services. Tata Steel, incepted in 1907 as Asia’s first integrated private steel company, is one of the world’s most geographically diversified steel producers, with operations

and commercial presence across the world. With an annual crude steel capacity of 34 million tonnes per annum (MnTPA), Tata Steel is one of the few steel operations that are fully integrated - from mining to the manufacturing and marketing of finished products. The raw materials operations of Tata Steel are spread across India and Canada which helps the company to become self-sufficient in the production of steel. In India, its business activities are structured into strategic business

units like Tubes, Wires, Ferro-Alloys, Agrico, Bearings, Industrial By-products Management & Tata Growth Shop. The Tata Steel Group has taken giant steps across geographies. It is present in more than 100 countries spread across six continents and has over 660,800 employees across the globe.

ABOUT THE CEO & MD As the Chief Executive Officer and the Managing Director of the company, T.V. Narendran oversees the overall growth of Tata Steel. He has over 32 years of experience in the Metals and Mining industry. He is a Mechanical Engineer from the National Institute of Technology (NIT) Trichy and did his MBA from the Institute of Management (IIM) Calcutta. He has been awarded Distinguished Alumnus Awards from NIT Trichy and IIM Calcutta.

THE PRODUCT SEGMENTS

T. V. NARENDRAN

CEO & MD, Tata Steel

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Tata Steel positions itself uniquely in the market via continuous improvement in its product and service portfolio. The product segments that the company caters to are:  AUTOMOTIVE INDUSTRY The Indian Automotive Industry is emerging as the fastest-growing sector in the world. Recognizing the emerging need, of automotive manufacturers, Tata Steel has heavily invested in new facilities, infrastructure, and capabilities. Tata Steel provides Hot Rolled products, coldrolled products, and coated products. It also specializes in providing customised solutions to automotive manufacturers through reverse engineering of their blanking dies.

 ENERGY AND POWER INDUSTRY Tata Steel supplies a wide portfolio of products and services to the energy and power sector. High-performance steels, backed by expert guidance and continuous support, fulfil a vast range of applications in the energy market. It provides wide-ranging energy applications as well as quality base steel products such as structural products, light fabricated systems, high-quality pipeline systems, and steel components for drilling and power generation.  AGRICULTURE INDUSTRY Tata Steel makes itself the first choice of the Indian rural market by manufacturing a whole range of high-quality agricultural implements. The oldest brand of Tata Steel, Tata Agrico is a pioneer in superior quality agricultural implements and the top manufacturer of pickaxes, sickles, hoes, shovels, crowbars, garden tools, and hammers. It has also launched its own range of files, spanners, screwdrivers, pliers, wrenches, and other tools.  CONSTRUCTION INDUSTRY Tata Steel offers a range of products and systems for the construction industry that can be segmented according to their function- the structural frame (section, tubes), building solutions (roofs and wall products), infrastructure, and internal fit-out applications (HVAC).

APPROACH TO SUSTAINABILITY At Tata Steel, sustainability is an integral part of the business and is driven by the leadership of the company. The six capitals represent the resources and relationships that the company depends on to create value. They are: 

Human Capital; focusing on three areas i.e. Occupational Health and Safety, Human Resource Management and Human Rights

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Social and Relationship Capital; building relationships with customers, suppliers, and communities is key to the company’s business sustainability

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Natural Capital; minimizing environmental impact and promoting resource efficiency to guide the company’s investment decisions

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Financial Capital; optimizing returns of providers of financial capital

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Intellectual Capital; pioneering in leading the fourth industrial revolution and developing cutting edge technologies, and design solutions Manufactured Capital; strengthening the company’s operations via a combination of organic and inorganic growth initiatives

Tata Steel is delighted to be a member of worldsteel’s new Sustainability Charter. It reaffirms our commitment towards achieving industry leadership in sustainability. THE VISION STATEMENT Tata Steel aspires to be the global steel industry benchmark for value creation and corporate citizenship.

AWARDS AND ACCOLADES 

Tata Steel Limited and Tata Steel Europe has got recognition by worldsteel as 2019 Steel Sustainability Champions

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Recognition among India’s Best Workplaces: Large Organization in 2020

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Won IFSEC India Disaster Management Excellence Award in 2019

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Honoured at National CSR Awards for its work on Maternal and Child Health in 2019

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Conferred as the ‘Best Integrated Report Award’ for 2018 by Asian Centre for Corporate Governance & Sustainability

Tata Steel touches the lives of millions of people worldwide with the steel it produces. The world of Tata Steel Group is one without boundaries– growing, changing and challenging. It is a world that embraces continuous innovation, sustainable growth, different skillset, and better quality of life.

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WOMEN

W MEN IN INDIAN BOARDROOMS BUT DIVERSITY PROGRESS IS SLOW 2018 compared with 1.9 per cent over 2016–2018. If this pace continues, the world can expect to reach near parity only in 2045.

vs 19.4%, respectively. The statistics are similar for companies with female chairs (30.8% women on boards vs. 19.4%, respectively).

Women hold 17.1 per cent of the board seats in India, as per the Deloitte “Women in the boardroom: A Global Perspective” report. This number has been increased by 9.4 per cent from the 2014 edition − the year when the Companies Act, 2013 mandated having one woman member on every board.

Although India saw a decline in board chairs held by women in 2021, it saw an increase in the number of women taking up Chief Executive Officer (CEO) roles − 4.7% female CEOs against 3.4% reported in 2018.

Moreover, only 3.6 per cent of the board chairs are women, a decrease by 0.9 per cent since 2018. At the global level, 19.7 per cent of the board seats are held by women, an increase of 2.8 per cent since

Deloitte Global’s research report also revealed a positive correlation between appointing a female CEO and the diversity on the board. At the global level, companies with women CEOs have significantly more women on their boards than those run by men − 33.5%

“While the Indian regulators have set up a holistic framework to encourage the representation of women in key positions at corporates, the numbers suggest a significant gap between the ideated measures and ground realities. With the ongoing pace of disruption, the case for diverse boards that work with a unified purpose is becoming stronger than it ever was. It is time that gender diversity and gender parity get more focused attention from Indian corporations,” says Atul Dhawan, Chairperson of Deloitte India.

“If more women are in leadership roles, we’ll stop assuming they shouldn’t be.” -Sheryl Sandberg

Source: Deloitte report on “Women in the boardroom: A Global Perspective”

OTHER KEY FINDINGS Other key findings of the report reveal more challenges and obstacles to women’s leadership. Fewer women are serving on boards. Deloitte Global’s stretch factor metric examines the number of board seats an individual holds in a particular market. The higher the stretch factor, the greater the number of board seats the same Director occupies in each market. 



In 2021, the stretch factor for women increased slightly from the 2018 figure of 1.22 to 1.30 in India. It indicates that compared with men, a smaller group of women are taking on many more board seats while men have a stretch factor of 1.20.

WHY MORE WOMEN IN LEADERSHIP MATTERS No one can deny that women have faced greater barriers and challenges than men in the past when it comes to participating in the economy. Disparities between men and women have persisted for years in the form of uneven opportunities, pay gaps, unbalanced representation in decision making, and more. Moreover, pervasive preconceptions (women being seen as prioritizing family over career, seeing women as less effective leaders than men) and a lack of support from mentors are holding women back. The only way to address these preconceptions is to have more women in

the positions of leadership and power; providing the support and role models women desperately need to advance their careers and bring essential changes in the workplace that benefits both men and women. There is an ardent desire to change workplace cultures contributing to gender inequities. Businesses can play a crucial role to impact change and have a responsibility to provide career development resources to their female employees. More women in leadership positions impact a lot in the workplace: helping to reduce the pay gap between both genders, changing workplace policies that benefit both men and women, and attracting a more diverse workforce.

The average tenure of women directors in India marginally increased from 5.0 years in 2018 to 5.1 years in 2021. The number decreased from 5.5 years in 2018 to 5.1 years in 2021 at the global level.

INITIATIVES & MEASURES TO ADDRESS COMPONENTS OF DIVERSITY BEYOND GENDER To increase diversity on Indian company boards, the Securities and Exchange Board of India (SEBI) introduced a listing requirement for companies to disclose a matrix that details the skills, expertise, and competencies of the board in their annual reports. As of March 2019, companies were also required to list the expertise, skills, and competencies they believe are required for the board to work efficiently. As of the fiscal year ending 2020, boards were required to disclose which directors fit those skills, expertise, and competencies in their annual reports.

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10 “Progress is impossible without change, and those who cannot change their minds cannot change anything.” - George Bernard Shaw

-Orison Swett Marden

COMPANIES FUELING INDIA’S GROWTH

Name

Designation

Description

Apollo Tyres

Onkar Kanwar

Chairman & MD

An international tyre manufacturer and the leading tyre brand in India

Bajaj Auto

Niraj R. Bajaj

Chairman

A multinational automotive company manufacturing motorcycles, scooters, and auto rickshaws

Barrel Motors

Giridhar Soundararajan

Founder & CEO

A leading company building high performing motorcycle and automotive accessories

Bharat Fritz Werner

Ravi Raghavan

India's leading solution provider of machine tools

Furnicheer

Subhangi Vaidyanathan

Founder

A furniture manufacturing company combining contemporary designs with traditional craftsmanship

Gansons

Ashis Banerjee

Chairman & MD

An esteemed company delivering customised processing solutions for various industries

“If there is no struggle, there is no progress.” – Frederick Douglass

Jindal Steel & Power

Naveen Jindal

Chairman

India’s fastest-growing and largest integrated steel manufacturer

“Never discourage anyone who continually makes progress, no matter how slow.” – Plato

Nilkanth Engineering Works

Hardik H Solanki

National Sales & Marketing Director

A leading manufacturer and exporter of all types of Construction Machineries

Tata Steel

T.V. Narendran

CEO & MD

Asia's ﬁrst integrated private steel company

Vrisa Innovation

Sandeep Mahajan

A highly renowned company pioneering sustainable & pre-crafted luxurious Wooden homes

“Coming together is beginning. Keeping together is progress. Working together is Success.” - Henry Ford

“When we are sure that we are on the right road there is no need to plan our journey too far ahead. No need to burden ourselves with doubts and fears as to the obstacles that may bar our progress. We cannot take more than one step at a time.”

Brand

BEST MANUFACTURING

“Without continual growth and progress, such words as improvement, achievement, and success have no meaning.” - Benjamin Franklin “Progress is not achieved by luck or accident, but by working on yourself daily.” - Epictetus “A person who makes few mistakes makes little progress.” – Bryant McGill

“Do not confuse motion and progress. A rocking horse keeps moving but does not make any progress.” – Alfred A. Montapert “Progress lies not in enhancing what is, but in advancing what will be” – Khalil Gibran

All the names have been arranged in an alphabetical order, and it is not a ranking

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Let’s Think N

1. Which company hired a camel called ‘Raﬃa’ to create a Street View of the Liwa desert in the UAE 2. This company nearly gave away 11,000 free pizzas 3. Yet Another Hierarchical Oﬃcious Oracle is an acronym for…… 4. One of the highest-paid CEO of India 5. An application with more than 810 million users in 200 countries 6. If this company was a country then it would have been the 5th largest country in the world by population 7. This brand is pronounced as ‘Tha-ra’ in Spain 8. Which billionaire had a McDonald’s Gold card that got him unlimited free food 9. A famous company that became a car manufacturer because Germany lost WW1 10. An American multinational entertainment and media company

Answers At The End Of The Magazine

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HEALTH

very entrepreneur encounter dips along their journey. They can only reach their greatest potential through facing difficult challenges. While challenges and a hard working attitude often leads an entrepreneur to success, they can lead to burnout, stress, anxiety, depression, and a multitude of other health issues as well.

THE ULTIMATE SOLUTION TO AN ENTREPRENEUR’S STRESS

Fortunately, there are a number of relaxing activities that an entrepreneur can do to dramatically lessen the amount of stress they experience on a daily basis. One of the prominent ones on the list is Meditation as there are a lot of substantial benefits attached to it. Take a look at some simple steps to begin meditating today:  Find a Comfortable Place First and foremost, you need to find a comfortable place which can be sitting on the ground, upright on a chair, or even lying on the ground. A comfortable place helps you gently shift your body into the correct position throughout the meditation. Moreover, maintaining a specific posture helps in setting a positive intention. If you are just beginning the meditation practice, you can explore different options to find the best-suited place.  Use Guided Meditation Guided meditation helps you quickly de-stress, relax, and return to the present moment, especially when getting started. Instructions from an experienced teacher can help let go of distracting thoughts, and not be so hard on yourself. There are many applications, youtube videos, and audios that can help you find the best-guided meditations.  Be consistent and patient Although you may find the first few

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times a little awkward, the benefits of meditation come with consistency. It’s quite challenging to feel relaxed every time you sit for meditation. A body sometimes feels a sense of discomfort or unrest but sooner or later, meditation brings peace and calm which helps you learn how to live more fully in the present. A calm and compassionate mind enables you to use natural intelligence more effectively.  Increase meditation time slowly Don’t expect to do a 30-minute session in the initial days, the ideal move would be to start with a short duration and then increase it gradually. Longer sitting times gives a perfect opportunity to observe the process and change it. Therefore, the focus for meditation must be strengthened gradually, and the power to discriminate between distracting thoughts and thoughts that support the meditative focus must be cultivated.

WHY MEDITATION IS IDEAL FOR ENTREPRENEURS? The aim of doing meditation is to achieve calmness and a sense of inner balance. Therefore, meditation is ideal for every entrepreneur. It can bring about the following benefits: 

Puts a halt to pessimistic thoughts As an entrepreneur, you often fall into negative thought patterns from time to time but obsessively dwelling on pessimistic thoughts can eat away the confidence and cloud your mind when you need to think deeply. These feelings eventually lead to chronic anxiety, which can weigh down your mind and thwart your motivation. Always remember, you can’t live a positive life with a negative mind. The simple solution is Meditation as it helps in breaking negative thought loops from your mind and helps you become optimistic.

 Reduces stress and anxiety Whenever you deal with chronic stress, tension or anxiety, this response leaves lasting impacts on your health. But meditation comes as a rescue as it produces a deep state of relaxation and a tranquil mind. During meditation, you focus your attention and eliminate the stream of jumbled thoughts that may be crowding your mind and causing anxiety. This process eventually results in an enhanced physical and emotional state of mind.  Helps you become creative Creativity isn’t restricted just to the world of artists; every successful entrepreneur conjures up creative solutions on a day to day basis. Meditation helps you nurture the idea making part of the mind, therefore, helps you to think outside the box, or wander towards solutions that might not have come to mind otherwise. Studies have found out that open-monitoring meditation improves working memory, reduces cognitive rigidity, and cognitive flexibility.  Brings more confidence Oprah Winfrey once said that “It is confidence in our bodies, minds, and spirits that allow us to keep looking for new adventures.”. Therefore, confidence plays a vital role. By being still and removing distractions, you gain deeper perspectives and therefore, self-confidence. It boosts feelings of self-confidence by making you comfortable in your own skin. Meditation was seen as an unconventional pursuit of hippies but many people, including entrepreneurs are now turning to this practice to bring peace of mind and balance to their stressed-out lives. The benefits of meditation are far-reaching, therefore should be made a regular practice!

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TRAVEL

A PLACE WORTH EXPLORING IN SOUTHEAST ASIA

ingapore is a sunny, tropical island in Southeast Asia and an extravaganza of culinary delights. It is known as a city in a garden and nearly 50 per cent of the island is green space. Best described as the amalgam of a fast-paced life, it is spread 42 km east to west and 23 km north to south.

Some of the must-visit attractions of Singapore are:

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TRAVEL

 SENTOSA ISLAND

 TRICK EYE MUSEUM

Opening hours: Monday to Sunday (9 am to 10 pm)

Timings: Monday to Sunday (10 am to 9 pm)

Sentosa Island is a sunny island in Singapore and has one of the finest collection of marine life in the entire world. Packed with attractions, sun washed beaches, lush rainforests, and popular resort hotels, Sentosa Island is a must place to visit. It is speckled with panoramic gardens including a butterfly garden, a breathtaking aquarium, amusement parks, beach clubs with lively music and ofcourse the highlight of the island, a vast Merlion Statue.

An internationally acclaimed optical illusion art museum from Korea, Trick Eye Museum incorporates Augmented Reality features. With the museums’s personal and exclusive AR features, one can drench and soak into the exciting lights, sounds and other amazing effects that bring about hyper-realistic illusions and this is one of the best places of interest in Singapore. This place is indeed the incredible dimension of original 3D artworks.

 SINGAPORE ZOO Opening Hours: Monday to Sunday (8:30 am to 6 pm) Singapore Zoo is not just an ordinary zoo; it comprises one main branch that showcases the wild diversity and other three branches that features wild jungle safari, night safari, and Jurong Bird Park.

 MADAME TUSSADS WAX MUSEUM Timings: Monday-Friday (10 am - 6 pm) Saturday-Sunday (10am - 7:30pm) It is the world’s famous wax museum with ultimate film star experience & Marvel 4D cinema experience. Some of the famous wax statues which can be seen there are-Lady Gaga, Shahrukh Khan, Queen Elizabeth II, Taylor Swift, Michael Hackson, and many more celebrities and popular figures. The museum also has ‘Spirit of Singapore’ boat ride to discover the flora and fauna of Singapore. Singapore has climbed to be one of Asia’s hit-list destinations with its widespread transport system. Whizzing in this beautiful place is just a matter of minutes.

It’s an open zoo where animals can live freely in their natural habitats. Tourists are provided with safari rides to visit the zoo and watch the animals in their natural style. The zoo also features viewing galleries to watch underwater creatures like dolphins, whales, etc. Singapore Zoo is one of the best place to explore in Singapore.

 GARDENS BY THE BAY Timings: Monday to Sunday (5 am to 2 am) Home to almost 4,00,000 plants, Gardens by the Bay’s contemporary architecture is pleasing to the eye. The garden divides itself into three sections: Bay East, Bay South, and Bay Central. Among the three, Bay South is the largest one. A walk around this beautiful place offers an expedition to the climate-controlled conservatories and the Supertrees that are worth exploring.

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N P

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O 5

Let’s Think ANSWERS 1. Google 2. Dominos 3. Yahoo 4. CP Gurnani 5. Linkedin 6. LIC 7. Zara 8. Bill Gates 9. BMW 10. Disney

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Inking Stories That Matter Today And Even More Tomorrow

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