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The way of business solutions
www.insightssuccess.inwww.insightssuccess.in July 2016July 2016
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
Let’s Do Something
Different.
Environmentally
Friendly.
Go Green
Effective Growth
Strategies for Small
Businesses
Business Spotlight
India Is Becoming the
World’s FastestGrowing
Startup Ecosystem
Market Dashboard
Jayagopal Theranikal
Founder & CEO
Providing Point of Sale Solutions
for Retail Outlets
Providing Point of Sale Solutions
for Retail Outlets
Cozy Infosystems:
Franchising and
Restaurant Industry -
“The Inseparables”
CXO Satndpoint
Centre of Interest
Initiatives to Drive
Innovation and Business
Growth
requent unpredictable change in business dynamics have
Fbeen raised in company revenue at a high extent. Decision
makers scuffle to find some solidity during uncertainty using
planned change methods and at the same time they are being aware
of the need for flexibility and agility to leverage emergent change
and survive.
Growth doesn’t come easily. It requires to realize early on best
chance for growth with the greatest ideas in its particular sector that
could potentially get a competitive advantage. Building a firm needs
passion for the work, which isolates your identity from the others.
The struggle of all team players and game changing ideas makes the
brand more creative and productive.
In a fast-growing environment, the divergence among players
becomes more visible, especially big industry players, who operate
with millions, shift ways of doing business at a higher pace.
India has the best growth prospects for the coming decade, based on
the increasing variety and sophistication of the products it exports.
As per the National Association of Software and Services
Companies (NASSCOM), the Indian IT sector is expected to grow at
a rate of 12-14 per cent for FY2016 in constant currency terms and
also expected to triple its current annual revenue to reach US$ 350
billion by FY 2025. In new predicts by economists, led by Ricardo
Hausmann at Harvard University’s Center for International
Development, India’s 7% projected annual growth rate through 2024
would continue to put it ahead of China, where similar advances in
productive know-how propelled the country’s rise over the past .
India seems to be a truly developed and empowered society by 2020.
However, to achieve this advancement, industries have to continue
to re-innovate itself and strive for a long way, through partnerships,
new business models, transformation and global delivery. A
collaborative endeavour from all stakeholders will be required to
make sure future growth of India. It needs to rise up to the
contemporary challenges and put in unwavering efforts towards
providing more and more of the whole stack solutions to the clients
to keep the impetus gain in competitive edge.
Game Changing
Ideas That
Work
Editorial
,6
Insights Success Media Tech LLC
555 Metro Place North, Suite 100,
Dublin, OH 43017, United States
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Email: info@insightssuccess.com
For Subscription: Visit www.insightssuccess.com
Insights Success Media and Technology Pvt. Ltd.
Ofce No. 513, 5th Floor, Rainbow Plaza, Shivar Chowk,
Pimple Saudagar, Pune, Maharashtra 411017
Phone - India: 020-69400110, 111, 112
Email: info@insightssuccess.com
For Subscription: Visit www.insightssuccess.in
sales@insightssuccess.com
Editor-in-Chief Pooja M. Bansal
Co-designer
Art & Design Director
Database Management Sharad
Technology Consultant Vishal More
Circulation Manager Swapnil
Research Analyst David
Business Development Executive
Ketan,Savitri, Pooja,
Gopi, Akansha, Ankush
Co-Editors
Charlie Gupta
Corporate Ofces:
July, 2016
Amol KambleArt Editor
Picture Editor
Business Development Manager Manisha Priya
Archana Ghule
Ariana Lawrence
Sugandha Sharma
Managing Editor Sonal Burghate
Visualiser Kalpesh
Marketing Manager Karishma Joshi
Alex Noel
Mayur Khapekar
Rashmi Borkar
Contents
CXO STANDPOINT
Franchising and
Restaurant Industry -
“The Inseparables”
26
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
Cozy Infosystems
Jayagopal Theranikal
Founder & CEO
10
Let’s Do Something
Different.
Environmentally Friendly.
Go Green
Effective Growth
Strategies for Small
Businesses
Business Spotlight
India Is Becoming the
World’s Fastest Growing
Startup Ecosystem
Market Dashboard
24
44
32
Centre of Interest
Initiatives to Drive
Innovation and Business
Growth
16
Rohan Bhatt
Founder & Head Consultant
Square Consulting
36
34
22
iLeadFarmers:
End-To-End Marketing in
The Technology Space
Kobster:
Revolutionizing
the Way Businesses Shop
Codewave:
Building Beautiful Apps
with Reliable Technology
Giftxoxo:
Pioneers in Gifting
Unique Experiences
Monginis:
The Celebration King
to Deliver Happiness
40
30
42
Nextgen Telesolutions:
Secure Financial Services on
Any Mobile Device, Network
and Bearer Agnostic
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
20
50
48
CNB Technologies:
Solution that Manage and
Plan a Container Yard in
Real Time Using IoT
Zomato:
Catering the Hungry
Millennial
Testbook:
A Unified User Experience
that Prepares for the Future
Evisipro:
Leveraging Versatile
Expertise to Deliver
Innovative Solutions
MediaValueWorks:
From India to the World:
A Global Integrated
Communications Approach
28
38
46
Pinnacle:
On Time and
Every Time
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
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Corporate Office
Insights Success Media and Technology Pvt. Ltd.
Office No. 513, 5th Floor, Rainbow Plaza, Shivar Chowk,
Pimple Saudagar, Pune, Maharashtra 411017
Phone - India: 020-69400110 | USA: 302-319-9947
Email: info@insightssuccess.com
Cover Story
Jayagopal Theranikal
Founder & CEO
T
Cover Story
COZY INFOSYSTEMS
www.cozyinfo.com
Providing Point of
Sale Solutions for Retail Outlets
echnology is growing rapidly with the series of business requirements. An advent of the new
hardware, software services in the market to solve various business challenges needs integration to
Point of Sale software. Young entrepreneurs are more technical savvy and willing to use new
technologies to solve their business challenges and improve their core business. However, Software
development is a continuous cycle to upgrade as per current and future requirements.
Cozy Infosystems’ came up with their Research and Prototyping Team, who are always ready for any
new trends. They upgrade their software to match the latest technology trends and customer
expectations with end-to-end capabilities, so that they can easily manage their large volume of data.
Since its inception in 2001 in the USA, Cozy Infosystems has been providing excellent IT services with the
focus to provide quality services with a cost and time effective process. In 2007, the company started its
operations in India as Cozy Infosystems Private Limited with headquarters in Hyderabad. Run by well versed IT
experts, Cozy Infosystems possess a team of highly skilled & proficient IT professionals having an ample
industry experience from the major MNCs of the USA.
Cozy Infosystems’ services involve Software Development, Mobile Applications, ERP Services and Application
Maintenance.
CozyPOS’ (www.cozypos.com) Flexible Architecture
Cozy Infosystems is primarily into Point of Sale and ERP software products/solutions for retail industry. The
company’s POS software under the brand name of CozyPOS caters to all formats of Restaurant verticals, Retail
outlets, Salon/Spa outlets. CozyPOS is well designed with a flexible architecture to provide world class features.
CozyPOS software is being used by single restaurant and multi-chain outlets. They have customers in India,
USA, Canada, UAE, Mauritius and few other countries.
Apart from Point of Sale software, Cozy Infosystems also develops specialized software products for other
industries and also take up custom software development projects.
Jayagopal Theranikal, Founder & CEO of Cozy Infosystems has about 24 years of total IT experience in
management and technical roles having hands on technical knowledge in various fields. His earlier roles involve
Developer, development DBA, Team Lead, Manager, Senior Manager, Group Manager, and CEO.
Jayagopal is a professional with varied experience in the technology industry, having worked in various
leadership positions for big organizations he was associated with Bajaj Auto Ltd. (Pune), Tata Consultancy
Services (Bangalore), Wipro Systems (Bangalore),
Embarcadero Systems Corporation (Alameda, CA),
PeopleSoft ( Pleasanton, CA), Oracle Corporation (
Pleasanton, CA), and at Hyderabad in Oracle India Pvt.
Ltd., Pixel IT Solutions, and Gopal Systems.
At Cozy Infosystems, Jayagopal is responsible for
managing complete operations and responsible for business
development in India and USA. Team building, meeting
customers, project management, technical guidance to the
development team, administrative tasks, accounting,
business development, day to day operations are some of
the key responsibilities.
CozyPOS (www.cozypos.com): Easy, Fast and
Affordable
Nowadays, restaurant business operations have become
very complex due to its nature of business. Restaurant
management software should be easy to use, faster in
response, flexible to use, manage inventory, recipe, manage
employees, and handle day to day business operations
efficiently. At the same time, the business owner would like
to have central control of multiple outlets through web and
mobile app access.
Choosing a right POS system for your lifeline operations is
a big challenge; it should be feature-packed and
sophisticated enough to handle thousands of inventory
items and various store locations.
Business owners are looking for that inventory management
system which is best in the POS industry also easy to use
and affordable. Moreover, it can do more than just
accepting payments and processing it to sales. It should
carry some additional features and other capabilities that
make it easier to run and scale your business. It should
provide dedicated solutions for your type of business and
offer 24/7 customer support.
Cozy Infosystems has exactly solved all the above
challenges through their CozyPOS flexible architecture.
Retail outlet can run the operations without depending on
the internet all the time and business owner can access and
control outlets through cloud software and mobile apps.
CozyPOS architecture allows easier integration to third
party software solutions such as loyalty solutions,
integrated payment gateways, SMS gateway etc.
CozyPOS’ Impressive Features
CozyPOS Billing Software has impressive features such as
Touch Screen Based Billing, Easy User Interface, Multiple
Menu, Multiple Pricing for Menu products, Section Specific
Pricing, Multiple Ordering Types, Multiple Tax
Management, Employee Management, Multi Level User
Password Protection, Colour Code Menu, Unlimited
Products, Order Time Statistics, Modifier Items Prompting,
Line Discount/Invoice Discount Options, Detailed Sales
History reports, Kitchen Order Printing, Auto Charge for
Delivery/Takeout, Ability to Stores Old Invoices, Ability to
Recall Reports from Any Given Day, Easy Printer
Management, Customer Management, Loyalty
Management, Table Layout Designer, Sections & Table
Management, Table Reservations, Future Ordering, Online
Ordering, Kitchen Display Solution and many more niche
features.
Using CozyPOS software, even a small coffee shop can
easily computerize the billing, inventory and also manage
the operations through cloud software and mobile app.
Additionally, the same coffee shop can start accepting
online orders through their online ordering plug-in that can
be fully integrated with Point of Sale. All this can be
implemented in much less time and at much lower cost
when compared with their competitors.
Cozy Infosystems’ Client-First Approach
CozyPOS is a license based software at the outlet and come
with optional subscription based plug-ins for web based
reporting, web based management, online ordering, online
table reservation, multi-outlet management, franchise
management, loyalty management, digital signage, kitchen
display solution, automatic shelf labeling solution,
centralized token display solution and many more niche
solutions.
A melt of technical and functional knowledge is the key to
product and company’s success. Their team follows the
CUSTOMER FIRST theme in every stage. Their support
team, serves 24 X 7 to provide support to their customers in
through our software bundle
We always keep our
eyes open to learn
NEW TRENDS
&Quickly Provide Solutions
“
Cover Story
a timely manner. Their functional team
takes input from business owners and
recommend to product development
team to implement in future versions.
Strong technical team is contributing to
product development by adapting new
technology trends.
The industry is changing rapidly. New
business models and strategies are
challenging the traditional software
solutions. Upgrading the software to
match the new trends is a key for
success. Restaurants have been going
through new trend in taking orders due
to innovative online ordering and
delivery aggregators to bring new
revenue to them. Lack of integration of
such orders with Point of Sale software
is causing reconciliation issues for
business owners.
Smooth and Seamless POS
Integration
Restaurant operators are immensely
looking for that system which has
easily integrated a variety of
capabilities into their point-of-sale
(POS) systems. According to
Hospitality Technology’s Restaurant
Technology Study, Foodservice
operators cite integration as a vital
business driver influencing their next
POS upgrade. Integration between
systems opens up capabilities on both
the operations side, including kitchen
efficiency and better intelligence, and
the customer-facing side, like mobile
and online ordering, and more
sophisticated loyalty programs.
One of the biggest stumbling blocks to
a smooth POS integration - or
integration of any technology type - is
connecting disparate systems. Trying
to get different systems to talk to one
another takes time and financial
investment for both the operators and
the vendors involved.
Cozy Infosystems has upgraded their
software to provide solution through
CozyPOS architecture to track third
party order sources into the same Point
of Sale software that they use at the
restaurant and thereby track their sales
and inventory more efficiently.
Having more than 15 years of strong
experience in Retail Business Software
Solutions and dealt with a different
Point of Sale software over the years,
the company’s design and development
team understands the challenges of
business owners and developed
solutions through feature rich
CozyPOS software.
Cozy Infosystems’ Other Products
The company’s CozyPrint is the
Aadhaar Card printing software
developed in-house. Software is well
designed to take the e-Aadhaar file in
PDF format and convert the
information to the format required to
print on a plastic card. This software is
designed to take care of variations on
PDF format of e-Aadhaar file. This
software is being used by several
businesses across the country. Same
solution is also available as E-
Commerce platform with URL
www.printmyaadhaar.com and
customers can directly upload their E-
Aadhaar files and receive the PVC
copy to their home.
Also, the company’s Cozy GPS is an
innovative and cost effective real time
GPS/GPRS tracking solutions
comprising of hardware device, GSM
SIM and, Tracking platform software.
GPS/GPRS tracking solution is best
suited for all vehicles to track them
24/7 with the help of satellites and the
internet. It’s a unique way for
companies and individuals to monitor
and control their vehicles, by using the
internet or mobile phones from
anywhere. It also enables you to
monitor accurately the movements of
your employees, children or any other
asset on the move. The same solution
can be integrated with any ERP
software to offer this GPS tracking
features under one solution.
Cover Story
ver the last few years, it seems India has become the seventh largest economy throughout the globe, where
OIndia’s growth story represents a resilient outlook. According to the latest World Bank forecasts, India’s
economy is the bright spot among all the emerging and developing economies with an expected 7.3% GDP
growth in 2016 as compared to 7% in 2015.
The Indian entrepreneurs came up with an ablaze idea. Slowdown meant a huge opportunity in niches for them. And
lack of growth meant readying the whole hog for a small increase. They didn’t believe in the slowdown and develop
strategies to grow their business rather than securing it from shrinking; they invested heavily in capacity multiplies for
the future; and they recognized their personal growth in a depressed business environment.
We are honored to rank an exclusive list of India’s ‘The 20 Fastest Growing Companies 2016’. These companies are
shortlisted as per the parameters such as profit, sales, capital return and market capitalization.
Our issue, ‘The 20 Fastest Growing Companies 2016’ has covered companies from the various sectors like innovative
app development companies, Zomato for restaurant search and discovery app and Testbook app, as an online exam
preparation portal. From e-Commerce, Giftxoxo has been shortlisted on the basis of its gifting unique services.
Kobster, for its specific devices which implements marketing strategies and tactics. Monginis, the celebration king to
deliver happiness.
As a development company Codewave for building intelligent and good looking apps for the web and mobile. Evisipro
for continuously adding value across industries by leveraging domain expertise in IT services and Engineering services.
From digital agency iLeadFarmers is the first digital agency across the globe. Pinnacle from Telecomm Industry, a
leading Mobile Messaging Operator & Marketing Partners for digital communication. MediaValueWorks for its unique
blend of an integrated communications approach which suits the Indian as well as global market.
While choosing a cover story, our criteria was to highlight the company who possesses a passion for new trends and
ready to upgrade their software to match the evolving technologies of the industry. We are delighted to share Cozy
Infosystems as the cover story for this issue, who is at the forefront of providing Point of Sale and ERP software
products /solutions for the retail industry.
Fastest Growing Companies Shifting the
Ways of Doing Business into Higher Gear
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
In today’s competitive in the global
marketplace, firms need to be
driving effective innovation in
their services as well as products.
Furthermore, it is necessary for them to
innovate rapidly and also, to do it cost-
effectively. This need has been there,
but its significance has grown over the
last few decades. Even during the
period of recession, top leadership was
focused on growth, and they believed
technology to be the main enabler of
innovation.
It is found during a survey that more
th
than 3/4 of industry leaders believed
that innovation drives efficiencies. It
also leads to competitive advantage.
And most of them also believe that
technology is one way of capturing
both. Nearly seventy percent of
decision makers surveyed were
investing in IT to become more
efficient and to reduce costs, while
almost half of them were also
funneling funds toward growth
initiatives leveraging emerging
technologies, like social media and
wireless devices.
Your Role as a Leader
Once the right skills, strategy and
processes are in place to embrace new
ideas and initiatives, there is an
opportunity for the thought-leaders to
leverage technology to enable
innovation.
The list technologies that have
converged to drive innovation can be
long, but summarizing, cloud
computing, analytics, social
networking, and mobile device based
computing are the key fundamentals.
These are the technologies that enable
new ways to innovate, develop
products, interact with crew & clients,
team up, and manage data. It observed
that firms showing remarkable results
demonstrate greater mastery in
leveraging these four digital
technologies to innovate, plan, measure
result and create value.
Excluding these, many other factors
show unique impact when applied, also
they are complementary in support of
creating value and result. Still, to
achieve the growth-driven innovation,
the values need to be understood. For
example, with social media, people can
find people others to collaborate and
co-create with. Wireless devices enable
access to the databases, to applications,
and numerous other purposes.
Analytics help us to make action-
derived meaning and presentation of
all the data.
Driving Innovation and Growth
There is a primary factor without
which, even the most innovative tech
can’t deliver high-value; and that is
business strategy and goals. The
airtight business plan and a crystal-
clear vision of where you want to see
the organization are a must, as these
factors will help in defining and setting
the context for the role development,
research, and innovation will play in
enabling profitable growth. It will also
help to determine the type of
innovation wanted and the way you
need to organize to effect change.
Innovation can be manifested in
multiple ways, but the type of
innovation that is needed must be
determined. Notably, there are three
type of innovations based on industry
goals and technology that needs to
matched. The first one is, Incremental
16 JULY 2016
Centre of Interest
Initiatives to
Drive Innovation
and
Business Growth
innovations that make small changes to
a company’s existing technologies and
business models. Next, Breakthrough
innovations that make significant
changes to either the technology or
business model, producing significant
growth. And finally, Radical
innovations, which take place more
rarely, combine technology and
business model innovation to create
major new industries with exponential
growth.
Companies need to build a set up their
work culture around innovation and
establish appropriate metrics and
processes to integrate innovation into
the corporate culture. The
organisations who were able to apply
this research culture and establish the
processes, what difference did they
apply? Which type of skillsets are
needed to drive it and is ultimate
responsibly in the company for
innovation, how the location of various
teams need to be decided and how will
they collaborate? And finally, how
mechanisms and processes around
innovation can be defined?
Getting started with innovation
First and foremost, it is necessary for
companies to understand the ways to
organize themselves around
innovation, and define processes to get
the best results from innovation.
Initailly, companies need to consider
their strategic imperatives, and ways to
make a holistic transformation through
process, structure, and people.
Technoception: Innovations used for
Innovating
The final step is to identify the
innovations and latest technologies that
are best-suited to their unique
circumstances. Companies who work
to improve enterprise productivity,
need to reduce complexity and then
drive a comparatively agile IT
environment. As this environment is an
enabler for business growth, while
using emerging technologies. Notably,
social networks can be used to
collaborate and communicate
(internally as well as externally) and to
co-create and generate ideas for
solutions and service.
Enabling a remote and mobile
workforce that can collaborate
regardless of time and location can also
be done.
Companies can leverage analytics to
derive value from connected data and
get a comprehensive overview of your
information.
Utilizing the cloud technology to
optimize your IT are some of the
technologies that are adapted widely to
for business growth. How companies
would create and sustain appropriate
executive commitment to execute the
innovation program successfully, will
depend on the business goals and
predictions market scenario, for any
particular company.
17JULY 2016
Centre of Interest
Management BriefCompany Name
Rajesh Kumar &
Nitin Sirohi
Co-founders
CNB provides automation solution based on real time
information technologies to port and container shipping
industry.
Codewave was founded in May 2013 with a vision to build
intelligent, good looking apps for the web and mobile, helping
brands create impact online.
Codewave
www.codewave.in
Abhijith HK
Founder & CEO
Cubet Techno Labs
www.cubettech.com
Lovegin John
CEO
Cubet Techno Labs provide end to end solutions which help
organizations to competently collaborate and communicate
with the various functional areas within the organization and
with business partners in their value chains.
Evisipro provides end to end solutions, customizations, testing
& validations, processes & operations
applications/automations, mobile applications, enterprise
mobile solutions, UI/UX expertise, web applications, e-
commerce applications, CAD/CAE/CAM services as the
principal business activities.
Shashi Sudhanshu
Founder & CEO
iLeadFarmers, a storyteller, is specialized in Experience
Design, Marketing Communication & Lead Generation.
At iSynergy, they understand the dynamics associated with
taking ideas to fruition and this, along with their clients’
insights, help them in designing innovative technology
solutions for developing products that resonate with their
audience.
Kobster is a Businessto-Business e-commerce player which
helps corporate buyers, retailers, SMEs, home offices, hotels,
hospitals etc. to purchase business products in bulk at
wholesale rate.
Evisipro Solutions Pvt. Ltd.
www.evisipro.com
Yogesh Arjun
Ghorpade
Founder & MD
Giftxoxo.com
www.giftxoxo.com
Manoj Agarwal
Co-founder
Giftxoxo is a marketplace for gifting of unique experiences and
gift vouchers.
iLeadFarmers
www.ileadfarmers.com
iSynergy TechSys
www. isynergysys.com
Atul Thombre
CEO
Kobster
www.kobster.com
Vineet Neeraj,
Karthik Ramaiah
& Mohan Gayam
Co-founders
Cozy Infosystems Pvt. Ltd.
www.cozyinfo.com &
www.cozypos.com
Jayagopal Theranikal
Founder & CEO
Cozy Infosystems Private Limited, India. Point of Sale and
ERP software products /solutions for the retail industry, its
solutions caters to all type of retail verticals and give an ability
to run the software from a wide range of platforms such as
Windows, Linux, Android, iOS.
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
Bagful Solutions
www.bagful.net
Sham Kamboj
Founder & CEO
Bagful is a leading Domain Registration & Web Hosting
company.
CNB Technologies
www.cnbtek.com
Management BriefCompany Name
Monginis Foods Pvt. Ltd.
www.monginis.net
Monginis is a premier and popular destination for lovers and
connoisseurs of all varieties cakes, chocolates, pastries and
cookies, with a commanding and distinguished presence in 12
cities around India and 2 in Egypt.
Mr. Zoher H. Khorakiwala,
Chairman & MD
Mr. Kumail H. Khorakiwala,
Jt. MD
Mr.Qusai Z. Khorakiwala,
Director
Mr.Aliasger K. Khorakiwala,
Director
Nextgen Telesolutions
Pvt. Ltd.
www.nextgentele.in
Taron Mohan
CEO
Nextgen enable their partners build a secure Financial Service
offering on “any mobile, network”, and go to the masses with a
360 degree service offering on Financial Inclusion services.
With a vision to serve and excel in various ventures taken up in
the field of IT and Technology, NWDCo evolved from a Web
Designing company into a full fledged IT Product and Service
provider, offering expertise in most IT related areas.
NWDCo
www.nwdco.com
Nishir Gordhandas
CEO
Pinnacle Teleservices
Pvt. Ltd.
www.pinnacleteleservices.com
Rajesh Banerjee
Director & Co-founder
Pinnacle is India’s leading Mobile Messaging Operator &
marketing partners for digital communication focused in
delivering communication with data analysis and engagement
tools with Telecom, Internet, social media & Over the Air
(OTA) platforms.
Sify Technologies are building a world in which their
converged ICT ecosystem and their ‘bring it on’ attitude will be
the competitive advantage for their customers.
Ashutosh Kumar
CEO
Testbook App provides the best and most relevant practice
questions for LIC AAO, GATE 2017, SSC CGL, Railways
RRB NTPC, Aptitude for Campus Placements, Bank PO, Bank
Clerk, Current Affairs & General Knowledge.
Unify is the newest member of the Atos family, combining
Atos’ knowledge and reputation in the IT services market with
Unify’s expertise in unified communications and collaboration
to provide customers with seamless services solutions for their
entire digital portfolio.
Zomato is a restaurant search and discovery app, which
provides in-depth information for over 1 million restaurants
and enables users to order food online and make online table
reservations in selected geographies.
Sify Technologies
www.corporate.sify.com
Kamal Nath
CEO
Sphinx Solutions
www.sphinx-solution.com
Anand
CEO
Sphinx is domain expertise with rationalized knowledge about
current industry technology & trends. They take pride in being
One-stop IT service provider for the web application, mobile
apps, software consulting and staff augmentation services.
Testbook
www.testbook.com
Unify
www.unify.com
Amit Jain
Chairman & MD
Zomato
www.zomato.com
Deepinder Goyal
Founder & CEO
MediaValueWorks
www.mediavalueworks.com
MediaValueWorks offers a cloud based service for Global Public
Relations enabling ‘Local Businesses to Communicate
Effectively with Global Media’.
Rachana Chawdhary
Founder & Director
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
Emergence of IoT has changed
the way we live and work.
Also, opening new
opportunities for growth and
innovation in less time. Companies
possessing a huge amount of data has
to be analyzed to understand more
about their customers needs and trends.
Companies have started using IoT data
as part of their planning in order to
stay competitive and to give more
innovative services and products.
Focussed towards creating a bigger
technology barrier by bringing 10X
improvements in information visibility
and data analytics for the yard owners,
CNB, a hardware-software product
company is emphasizing on shipping
logistic industry. The company has
developed a unique and cost effective
solution, globally, to manage and plan
a container yard in real time using their
IOT (Internet Of Things) platform. The
solution is used for managing the
complete yard by recording all the
activities happening inside a container
yard in a fully automatic manner.
There are no manual interventions,
whatsoever, in recording these data,
this is why it is error free.
Rajesh Kumar and Nitin Sirohi, co-
founders of CNB Technologies, has a
20 JULY 2016
CNB Technologies:
Solution that Manage and Plan
a Container Yard in Real Time Using IoT
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
Rajesh Kumar & Nitin Sirohi
Co-founders
CNB is motivated to take it to the next
level and putting more than required to
achieve the goal.
A Complete Innovative Solution
CNB Solutions take best of the breed
components from all across the world
and manufactures hardware fitted for
the particular usecase and provide end-
to-end solution to their customers. The
software application is completely in-
house. CNB is a hardware-software
company with a complete innovative
solution. The main innovation is
understanding the right set of different
technologies like RFID, GPS, GPRS,
different sensors and processing unit
that are deployed in harshest of the
conditions to capture the data in real
time, automatically 24x7. The
company has technically created
barrier for any competition for at least
3 years of R&D on the field and not in
the lab.
They have a dedicated R&D team who
keep on experimenting with all the
upcoming and new technologies
related to their system. They keep a
close tab on all the developments
happening on that field. One thing for
relationship that goes long back during
their college days at IIT Kanpur.
Where, Rajesh holds a B.Tech in Civil
Engineering and Nitin holds Msc
Integrated in Physics.
“We are both sportsperson at core of
the heart and learnt a lot from it like
coping with the team, how to celebrate
winning moments and how to digest
and improve after losses etc,”
propounds Rajesh. While talking about
their interests, he further adds, “I used
to play hockey and Nitin used to
play cricket for IITK during
Inter-IIT sports meet. Both of us
were having similar kind of
interests as also big risk taking
capabilities and never shied away
from trying new things. This is
one thing that brought us closer
and we did enough things
together to understand each other
like brothers.”
Rajesh and Nitin started their
entrepreneurial journey from 2006
in the field real time information
domain. After trying different things
during the initial years of their journey,
they are now spearheading with their
product for port and shipping industry
since last 5 years.
“Everyone gets the kick from the fact
that we are doing something which no
one in the world has done like this,”
asserts Nitin. The feeling of being the
best and self-sustaining without any
external funding in itself is a big
motivating factor. CNB is going to be a
product originated from India for the
global market, this is also quite
motivating for everyone. Everyone at
which they are very sure is that they do
not change a stable technology
component in their solution unless and
until it has got some significant
advantages attached to it. which goes
both for hardware as well as software.
India spends 13-14% of its GDP on
logistics whereas developed countries
do it at 6-7%, this explains a lot about
the inefficiency in the system. For any
country, port is the start and the end
point of the logistic with the external
world. Containerisation of cargo is
the best way to utilise space and
making cargo movement more
efficient. In case of Import, cargo
moves from Port-container yard-
warehouse and then further down
in chain; in case of export, cargo
move out from various places to
warehouse-container yard-port.
Focus on Port and Logistics
Development
CNB is looking to automate the
complete start and end of the
logistic chain by making port,
container yard and warehouse more
efficient. What excites CNB about the
future is that today India’s 20-25%
container uses their solution and one
day when 70-80% container passes
through their solution, probably they
will reduce at least 1-2% of Indian
GDP wastage on logistics. The
government is also focused for
development of port and logistics
infrastructure which is a very good
news for everyone. The company is
seeing some good progress in terms of
automation and visibility that the
government is mandating on this
segment.
21JULY 2016
Our solutions enables
100% container
identication which
has not been
achieved anywhere
globally till date
“
“
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
Starting with “why”,
understanding the product
vision, articulating it with
wireframes and design, Codewave
goes about solving business problems
with technology, holistically.
Codewave offers app design and
development services for web,
smartphones and tablets, with a focus
on UI/UX, mobility and scalability.
Codewave today is a young,
growing team of 45 people from
diverse backgrounds and experiences,
in various functions like Wireframing
and Visual Design, Web Development,
Mobile Development, Quality
Analysis, Delivery Management,
Account Management and Business
Development. The company has
accomplished product thinkers
inhouse, to work with their clients;
more like peers and connect with them
at the product level, and holistically
shape the outcomes.
Codewave design team works with
the client team in close feedback loops
to shape the overall product
experience, define the app screens,
content and interactions. During this
phase, the development team in
parallel, reflects on the backend
architecture and database design to
achieve scalability. While the design
team takes care of UI/UX, the
development team takes care of
robustness and scalability of the app.
Vision behind Codewave
Abhijith HK, Founder & CEO of
Codewave, a Computer Science
Engineering graduate, started his
career as a software development
Codewave: Building Beautiful Apps
with Reliable Technology
Abhijith HK
Founder & CEO
22 JULY 2016
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
on the environment they’re in.
An Integrated App Experience
Codewave’s core proposition to market
is UI/UX, Mobility, Scalability at the
best possible cost and creating an
integrated app experience. Codewave
connects with their clients at a vision
level and aligns a team of individuals
who can productize the vision in a
great way. They have a combination of
a business guy (account leadership)
and a technology guy (team
leadership), jointly driving project
commitments and delivery.
Codewave is one of the first
companies, to have eliminated the bell
curve appraisal and generic rating
scales for performance reviews and
have instead adopted a more dynamic
performance review practice that
carefully aligns potential to
opportunity and promotes individuals
when they’re ready. They are proud to
be a people first company, that has
developed unique, disruptive people
development practices and a workplace
closer to home.
Early Adopters of MEAN Stack
Codewave feels proud to be one of the
early adopters of MEAN stack, Django
(Python framework) technologies used
by companies like Uber. They build
scalable applications using latest
intern, doing mobile development. In a
few months, he became a full stack
developer, worked with a travel startup
and built mobile apps and sites, where
he met his wife Vidhya, who was a
product manager and together they
built many mobile solutions for
travelers, hotels and enterprise apps.
Back in 2013, he noticed a growing
need in the market for good looking
apps and sites. There were very few
companies in India then who worried
about good looking, mobile friendly
interfaces and embracing mobility
fundamentally. On one side were the
creative agencies who were
limited with design and
photoshop, on the other side were
legacy technology companies
who were focusing purely on the
functionality, not the user
interface. Abhijith felt there was
a need for both these worlds, to
come together and create
solutions that give users a great
online experience and that are
reliable to scale for a large
number of users. He quit his job,
started a new journey with
Codewave in May 2013. His wife
joined him to help the team grow and
to help enable sustainable business
growth.
Codewave grew from a team of 4
to 45, over the last 3 years purely
through team member referrals and
people directly reaching out to them
through their site. The team puts
focused effort on raising potential,
individually and collectively to be able
to attract the right opportunities,
enabling the organization to grow
sustainably.
The company organizes an event
every week ‘Codewave Leadership
Café, to have people share insights and
inspiration from their lives. They draw
inspiration from people and learn how
each one of them is making an impact
web/mobile technologies and
frameworks, at the best possible cost.
They continuously benchmark with
latest open source technologies /
frameworks, implement quick POCs to
validate feasibility and use in their
projects. They also customize open
source libraries to build their own, to
meet the needs of the end product.
Codewave’s team of developers are
constantly exploring new opportunities
to code better; also a reason why they
are able to swiftly switch from old to
new frameworks like AngularJS and
NodeJS. Over the last 3 years, the
company has built technologically
complex applications such as IoT
applications requiring heavy
realtime data computations, social
commerce /marketplace portals
with large data aggregation (on
MongoDB) and AI (artificial
intelligence) based apps that
require deep data interpretations.
Codewave has simplified
patient doctor communication in
hospitals, enabled satellite
education for African children
where internet is unavailable,
enabled baby incubators to
proactively alert doctors using BLE
(Bluetooth Low Energy), built
marketplaces for consumers to easily
find legal, financial help and built
many more applications making the
world more deeply connected.
Codewave’s upcoming product
“Peerly”, intends to illustrate their
spirit of building a great workplace
with empathy, transparency and peer
comfort. Peerly aims to make everyday
recognitions and opportunities more
vivid, intensifying connections with
people and their experience of life at
work. With Peerly, companies can
bring positive change in the workplace
not just once a year, but at all the
moments of opportunity.
We believe, our biggest
strength is our ability to
create and maintain a
workplace, which nudges
people to be their greatest
selves. Everything else
follows.
“
“
23JULY 2016
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
Let’s Do Something Different.
Environmentally Friendly.
he use of plastic has been
Tincreasing at a tremendous rate
for the last few decades, which
plays a major role in all facets of
modern lifestyle. Plastics are used in
the manufacture of a great number of
products such as mobile phones,
domestic appliances, furniture items,
medical devices, protective packaging,
lightweight and safety components in
cars, and insulation materials in
buildings, etc. Plastics are used
because they are effortless and saving
costs to make and it can be durable.
Destruction of plastic waste has come
out as a major environmental challenge
and its recycling is facing obstacles
due to its non-degradable
characteristic. The amount of plastic
waste in our surroundings is
continuously growing because plastic
does not decompose biologically.
However, so many articles showed the
situation on the ‘sea beaches contain
plastic’. Plastic waste is often the most
objectionable type of litter and could
be viewable for months in landfill sites
without degrading.
Reuse of plastics and recycling is
obtaining as major as a sustainable
method for plastic waste disposal.
Unluckily, plastic is one of the difficult
kind of material to recycle than
aluminum, glass or paper. What is the
common problem with recycling
plastics?, it is that plastics are often
made up of more than one type of
polymer or there may be some
kind of fibre added to the plastic,
can be a composite. Plastic
polymers need a sustainable
amount of processing to be
recycled as a different type melts
at different temperatures and has
different properties, so be alert
separation is very necessary.
Moreover, most plastics are not
greatly compatible with one
another. Except for familiar
applications such as industrial
packaging film and recycling
bottles, there are also new
developments, e.g. The
Recovinyl initiative of the PVC
industry.
Lots of construction firms are
using plastic materials. The
components used involve everything
from plastic screws and hinges to
enlarge plastic parts that are used in
electric wiring, decoration, flooring,
water proofing, wall covering, etc.
Humans create 660 billion pounds of
plastic in a year, and the manufacturing
process produces three times as much
carbon dioxide by weight as actual
plastic. “That’s an insane amount of
material,” states Newlight
Technologies CEO Mark Herrema.
“Wouldn’t we be better off using
plastic as a conveyor belt for capturing
and sequestering carbon emissions
instead?” That’s exactly what his
company does.
Typically, plastic is made by exposing
hydrocarbons from fossil fuels to
tremendous pressure and energy.
Newlight's first commercial plant, in
California, captures methane generated
by a dairy farm’s waste lagoon and
transports it to a bioreactor. There,
enzymes combine the gas with air to
form a polymer. The resulting plastic,
called AirCarbon, performs identically
to most oil-based plastics, but costs
less-creating a market-driven solution
to global warming. Companies have
already signed on to use AirCarbon in
their products, including KI desk chairs
(pictured), Dell computer packaging,
and Sprint smartphone cases.
Go Green
24 JULY 2016
Franchising and Restaurant Industry -
The Inseparables
Franchising has been around since the 19th Century
but it was not until Ray Kroc, a Multi-Mixer
Salesman adopted Franchising for the expansion of
his little known acquisition back then Mc Donald’s Fast
Food that it gained such a strong popularity and
momentum.
Today, almost half of the Restaurant businesses in the
United States are franchised units and that is what caused
the Fast Food Revolution, as we know it. In fact,
Franchising is mostly responsible for the creation of the
most successful format of Restaurants - the Quick Service
Restaurant. The whole dynamic of the relationship between
these two industries is what has revolutionized the entire
business of eating out across the world.
Franchising is important in different ways to different
people, and its importance varies from the utility it offers to
all the sections of the business applicable. For the
Restaurant concerned, Franchising is the best way to
expand to various territories in a fast and effective way
without the need of a large network of highly skilled
individuals or the need to have a super costly core
management team for each store. For the Brand, the
advantage is that the business model is easily recognizable
and acceptable. From the industry’s point of view,
franchising is the most suitable way to make brands and
products popular with regular customer visits and high
brand recall value. From the point of view of an
entrepreneur (franchisee in this context) is that the business
model is well established and defined. Even the roles and
responsibilities of the different crewmembers as well as the
owner himself are well defined and as a result, the
customers feel more secure and confident about the
consistency and quality of the products. This leads to a
more confident and a more loyal customer base for not just
the brand or chain but for the entire concept of franchise
stores hence increasing the footfalls to any particular
location among other things.
Restaurant Operations are a typically complicated as they
have to be able to build on the concept that even the most
complicated products are made in the simplest and most
effective manner by the most unexpected source of
manpower. Simpletons who have very little or no training
or background of the industry are usually introduced to the
operations as entry-level crew and trained on the job by
means of an intricate system of operations broken up and
Franchising is the best way to expand
to various territories in a fast and
effective way without the need of a
large network of highly skilled
individuals or the need to have a
super costly core management team
for each store
“
“
CXO Standpoint
Rohan Bhatt-
26 JULY 2016
- Rohan
CXO Standpoint
Rohan Bhatt, Founder & Head Consultant of Square
Consulting, is a Franchise & Hospitality Consulting
professional with over 11 years of hands on experience in
developing and sustaining franchise brands across India.
He has headed the expansion and franchising part of
various brands such as La Marque World Dining, Singh
Saaab Di Rasoi, Unique Brew Café, Moodies Restro Café,
Tasty Khaman, Mexican Rodeo & The Dough Company.
His acute sense of retailing & hospitality and his innovative
restaurant support & development systems make him an
integral part of the team showing the company’s commitment
to not just large numbers but systematic development &
support for the large number of stores planned in the
network.
He has also provided end to end solutions for various
brands on a strategic level which gives the businesses a
correct direction for organic and sustainable growth.
simplified to a great degree of detail by effective
restaurant systems. Creating such systems is no child’s
play and requires the highest skills and knowledge of
operations and franchising. Brands take the decisions
like developing a correct business operations plan and
expansion well in advance to accommodate the
possibility of major problems at later stages.
Every business needs a proof of concept and the flagship
store or the pioneer store of a potential franchise system
usually has one (or more) profitable prototypes across
the business models to highlight the strengths of the
business model in a variety of scenarios. However, a
correct expansion plan is of utmost importance as
gradual growth and planning are important to sustain and
manage growth considering the importance of correct
logistics and material management, organizational
support and observation and support from the HQ to the
units etc., which are crucial for the growth of the
business model.
India has been one of the late bloomers in the field of
Franchising and Organized restaurant industry both and
this has been more of a blessing for the market dynamics
as the factors like economy and society development has
taken major leaps only in the past two decades and
eating out has evolved a lot. The Indian Growth story
largely loses its shine to the fact that the brands that are
opting for Franchise route for their expansion are either
locally run stores with a considerable home market value
or brands that have ambition and uniqueness of concept
but are not at all financially ready to take the required
steps. Important aspects of franchise marketing like
branding and organizing resources to display the
franchise opportunity on a more practical and real way.
The whole idea of franchising is just to make more
money in India by way of Franchise Fees and post-sales
support and organizing operations is still a distant reality
for India and the considerably small number of brands
that do so have achieved unmatched success and growth
through this excellent medium of expansion.
In conclusion, the first generation entrepreneurs who
want to enter the industry in a correct way with genuine
serious efforts made behind developing brands and
business models is what makes the franchise opportunity
worthwhile. The business owners need to have more
faith in the business model and should be able to stick
around a little longer to give the franchisee unit holders
what they want to run their units successfully.
27JULY 2016
28 JULY 2016
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
Today, because of rapidly
changing demands for online
market, it is very challenging
to create a big fortune in IT field.
Along with providing a wide range of
services, simplifying the complex
situations is the major barrier of the IT
services. With the gigantic goals and
highly passionate nature, Evisipro has
emerged as a leading company in IT
services. Evisipro was formerly known
as evision which started back in 1999.
Till 2007, company’s main focus was
on engineering services, but since 2007
Evisipro is continuously adding value
across industries by leveraging domain
expertise in IT services and
Engineering services.
The Creator of Evisipro
Yogesh Arjun Ghorpade, Founder
and Managing Director of Evisipro
Solutions has 21 years of experience
which helped him to bring this
company on the road of success. His
various expert areas of Software
Development include Software
Architecture, Designing and
Enterprising Mobility. Yogesh
developed skills like CAD, CAE, PLM
and Experimental Stress Analysis,
which are the foremost applications in
Engineering. The peak of discipline he
achieved while working with corporate
giants like Siemens, Bharat Forge,
Virgo (Emerson) can surely be seen in
his creation of Evisipro.
Yogesh not only mastered different
skills in the industry, but he also
successfully applied them in the
welfare of Industries. Yogesh along
with the Evision’s team successfully
delivered huge data conversion 2D to
3D of a large missile program in the
Evisipro: Leveraging Versatile
Expertise to Deliver Innovative Solutions
Yogesh Arjun Ghorpade
Founder & MD
29JULY 2016
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
their business development. These
SaaS based solutions are highly cost
effective, easy to use and offering
complete business management tool
for the customers.
Principally same but varying
applications across industries make
these solutions fit in entire Retail
umbrella; Ex. Hospitality, Spa-Salon,
Nails, Apparel, Groceries, etc.,
Healthcare, Construction,
Manufacturing, Social and Education.
Evisipro’s main motive of this
unique strategy of treating each
Enterprise as a Brand is to make them
independent of any third party
solutions; so to deliver freedom in the
operations as long as they are in the
business. Evisipro’s advanced tools
also help Enterprises with intelligent
business analytics.
Evisipro is one of the rare
organizations who believe in strong
value system. ‘These values run in the
blood of our organization and this has
become the very culture of Evisipro’,
they claim. Paying respect to everyone,
every situation and thinking of the
positive irrespective of ill or crisis
situations are the qualities which
allows them to dream big. Integrity,
transparency in every transaction,
customer satisfaction, flexibility and
consistency in self-improvement are
the key values of Evisipro.
Evisipro’s deep domain expertise in
various kinds of Industries is always
leveraged while dealing with complex
business problems. They accurately
identify the business complexities,
Defence Industry in 2 years’ time.
Also, he participated in some of the
notable engineering programs like The
Hydrogen Fuel Cell program, The
Geostationary Satellite program and
The Stairs Climbing Robot.
During Siemen’s tenure, he
worked in the core product
development team of world's
leading PLM software - Team
center for 9.5 years. He was the
part of varied projects from
Aerospace, Automotive and Space
Research Industries.
Furthermore, Yogesh
contributed to Finite element
analysis and motion analysis in the
Nuclear Energy program. And with
Mobile First Enterprise Solutions (with
ESPL) where he was an architect and
designer of a wide range of W/M
Solutions solving complex business
problems evolving marketplaces in
healthcare, hospitality, malls,
groceries, spas & salon, nails,
construction, education.
Paramount Services
IT Services- Evisipro provides end-to-
end solutions to Web Applications,
Mobility & Enterprise Mobility,
Digital Marketing, Testing &
Automation, Portal Management
Services and Third Party integrations.
Proprietary SaaS based Solutions-
Evisipro manages to provide 3 Tier
Business Development for Hospitality,
Retail, Construction, Beauty and
Entertainment Industries. It also
delivers DPS&DIS in healthcare and
RF/RFID based solutions in
Manufacturing, Process, Construction,
Retail,etc.
Products and Platforms- With the
highly expertise solutions, Evisipro
provides Moodifoody, IDOJ, Medi-9,
Goeogo, fb_all, techedutube,
Toffsociety, Edu-9, Commt-9, Blueme,
etc.
Evisipro’s Unique Strategy
Evisipro’s Solutions empower each
Enterprise with an independent IT
infrastructure helping its customers in
analyze them and prepare clear
'Problem Definition’ followed by
preparing competitive solution
strategies using cutting edge
technologies, which keep them ahead
in every race. Business
Application Solutions are
developed, delivered and
supported throughout their life-
cycle by the domain experts of the
industries. The company believes
in creating sound IT infrastructure
which is the key for enterprises in
executing business agenda
successfully.
Foreseeing the Future
While keeping an eye on the
present situation, the founders of
Evisipro keeps a keen vision on the
future goals and forecasted challenges.
Meanwhile, in labs, Evisipro has been
already working on the Augmented
Reality version of its products in Retail
industry. These will be launched
towards the end of 2016.
As Evisipro is coming from strong
experience in engineering domains it
has a robust base which is fully applied
in delivering Projects and Building
Solutions. Evisipro started contributing
to the SMAC ride of IT since 2013.
Since then, it successfully delivered
many projects and end-to-end solutions
in different industries. Continuing the
same philosophy of working within
latest technologies, Evisipro sees
delivering quality projects in the areas
like IoT, Enterprise Mobility and Big
Data Analysis across the industries
solving more and more complex
business problems.
Future growth in IoT, Artificial
Intelligence, Augmented Reality and
their applications in real world helping
tremendously in sophisticating the
world around us. A lot of applications
of these technologies in mainstream
industries like Energy, Healthcare,
Retail, Manufacturing, and Education
excite Evisipro and looks forward to
make a huge technology contribution
to the world.
These IP protected solutions are
customized according to customers’
brands so to help them building up
their own brands strongly. All of these
are B2B2C solutions covering all
aspects from SMAC. Evisipro’s
customers experience Business Growth
along with genuine customer data
capture and detailed
business dashboard.
“
“
Today, every fast-moving
company’s biggest asset is its
employees, for that the most
important thing is appreciation for their
grueling work. In most corporate
cultures, they express employee
appreciation through gifting. Basically,
gifts are meant to affirm relationships
and enhance personal connections
between clients, customers, and
employees. In fact, according to the
Promotional Products Association
International, gift giving has proven to
increase business activity.
Gifts can be available through Retail
Catalogs and Store Purchases, but
when it involves multiple people or
booking an experience, handling
everything on your own can quickly
become complicated. You may try to
buy direct from manufacturers, talk to
incentive representatives, or engage the
services of companies. This is where
Giftxoxo comes into the picture, whose
business organizes experience gift
boxes and customized gift baskets.
When exploring the possibilities for
gift giving in your office, don't get
overwhelmed. Use the expert advice
from professional gift giving
companies to give wisely, create a
better work environment, and keep
your employees happy.
Nreach Online Services, the parent
company works under two brands -
Giftxoxo and Frogo. The essence of
Giftxoxo: Pioneers in Gifting
Unique Experiences
Manoj Agarwal
Co-founder
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
30 JULY 2016
Manoj Agarwal, Co-founder of
Giftxoxo, is a Computer Science
Engineer from PEC Chandigarh and an
MBA from IIM Kozhikode. Manoj
brings over 10 years of experience in
Technology, Product, Marketing and
Business Excellence to the table. He
has worked with companies like
Yahoo, Manipal Education and Flipkart
in various roles. Manoj has been
always active in promoting the spirit of
entrepreneurship in India. His
wanderlust led him to explore different
places of the world and how different
societies follow its beliefs and the way
of life. Manoj’s greatest enthusiasms
are sports, yoga, reading and music.
Considering Technology as a Key
Enabler to Business
Giftxoxo is a strong believer in how
technology can disrupt complex
business problems and make it very
simple for various stakeholders.
However, technology should solve real
business and consumer needs. They
consider technology as a key enabler to
business, and not the business itself.
Hence all their technology focus is to
solve basic consumer and business
problems instead of doing any fancy
the company lies in providing curated
experiences and activities to the
consumers.
Giftxoxo is one of the pioneers in
experience gifting in India. The
company started with experience
gifting in 2012, and later in 2014
added a SaaS platform which helps
companies engage with their employee
and other stakeholders through a
seamless platform. Today, Giftxoxo
work close to 700 global organizations
to handle their rewards,
recognition, employee
engagement, and channel
incentive programs.
Giftxoxo offers over 4000 unique
experiences and activities across
categories like Travel, Adventure,
Gourmet, Health & Wellness,
Hobbies & Learning. These
services are seamlessly
integrated through technology
platform to ensure high quality
and automation to manage
catalog, inventory, scheduling and
bookings.
In 2015, Giftxoxo also started their
consumer centric mobile app and
website Frogo, which helps one
discover and book amazing
experiences on the go.
Giftxoxo cater to consumers who are
looking to enrich their lives with
exclusive and curated experiences.
Their consumers are the ones who are
looking for quality and uniqueness in
an experience. Their consumers are not
the ones who look for a discount.
Giftxoxo is very focused on bringing
an awesome consumer experience
through strong technology and
operational excellence.
stuff which may not be a real consumer
need. The company keeps investing in
technology as long as it serves a real
need.
Culture of Innovation and
Collaborative Working
The company is as good as its team.
Their team is one of their key strengths
and their pillar to success. They have
built a good team and today, have a
good senior and middle management
team to take the growth to the next
level. They have a culture of
innovation and collaborative
working. Team contributes a lot
in various strategic decisions and
brings lots of new ideas to the
table.
The experience and activities
industry has come a long way
since they started in 2012. “ I
remember that most suppliers or
consumers hardly understood the
concept of experience then. And
see now, there are so many
companies, large and small, who
are betting big on this idea,” affirms
Manoj. Consumers are looking for
unique and curated experiences for
various reasons. Suppliers are well
aware of the fact that by providing
unique experiences to their customers
they can differentiate themselves from
the competition and also earn better
margins. Hence, overall the ecosystem
is building up very well.
Giftxox is upbeat about this growth
and being one of the first movers in
this sector, they have been growing
well. The company feels proud that
they are bringing lots of technological
and operational excellence in this
unorganized sector.
We have been very
progressive on
leveraging technical
capabilities and have
invested well in bringing
automated solutions and
seamlessness
“
“
JULY 2016
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31
India Is Becoming the World’s Fastest
Growing Startup Ecosystem
n recent years, the Indian startup ecosystem has really
Itaken off and come into focus on its own-driven by
factors such as massive funding, consolidation
activities, evolving technology and a burgeoning domestic
market. The numbers are depicting-from approx. 3000
startups in 2014 to a projection of more than approx. 11000
by 2020, this is surely not a passing trend. It’s just a
revolution. And in India, it’s will change the way the
markets are working today.
Disruptive Startups from India
A lot of startups in India have entered in the industry either
unearthing an entirely new market or through gaps in
existing markets or product lines. Although there are
various successful startups that are growing rapidly and
changing how an existing industry works in the process like
Paytm, Redbus, InMobi, Housing.com, Zivame, AdPushup
to name a few. This listing is not only exhaustive but it also
serves as an appetizer for delving deep into the world of the
Indian startup ecosystem which is the 4th largest on the
entire planet.
Indian Startup Ecosystem Enablers
In India startups have given rise to more startups. Enablers,
accelerators, and incubators are firms providing startups
with growth advice and decision-making tools. From
advising on government policies to act as market catalysts,
they grow the maturity of young ventures. Enablers like
iSpirt and NASSCOM brought together key stakeholders of
the ecosystem including startup accelerators, incubators,
venture capitalists, angel investors,
support groups, technology
corporations and mentors. Simply,
their main aim is to provide funding
and support for startups.
Closing Thoughts
While coming out of their difficult
ruts Indian investors as well as
investors abroad are becoming
experimental, yet extremely well-
informed decision makers. But still
funding activities are the biggest
driving factors in any startup
ecosystem. The average valuation of
an Indian startup is $2.3 million as
compared to $4.2 million of an
American one. 43 percent of
product/digital organizations are
focusing on the global market and 28
percent continue to be technology
hotspots. With a 59 percent of B2C,
37 percent of B2B, and 4 percent of
B2C/ B2B startups, this ecosystem
Market Dashboard
32 JULY 2016
has a lot of ground to cover in terms of
securing funding.
What Indian Ecosystem Gets Right
Technology acquisition, customer
acquisition, acqui-hiring and market
consolidation are the main drivers for
increase in M&A of Indian startups.
With increase of momentum in M&A
in India, investors are getting more exit
opportunities. Startups are adopting
innovative approaches to attract and
retain top talent.
What It Gets Wrong
Indian startups are often asserted for
copying foreign startups. It is seen
quite often that they don’t have a
proper scaling plan. There is always a
need for directional efforts to help
them in increasing their supportive
government policies.
What Other Ecosystems Can Learn
From This
Nowadays, startups are consolidating
fast and eagerly buying other startups.
Successful entrepreneurs are taking
initiation to support other emerging
startups by mentoring them through
various channels. Young entrepreneurs
are dominating the startup landscape
with a larger percent of founders in the
age bracket of less than 36 years.
Women entrepreneurs have started
becoming more prominent in the
innovation economy.
In the near future, listing of various
startups is touted to be the next big
frontier. Every day, a lot is written
about funded startups, unicorns, fund
raising startups, that often, cockroach
startups never get the limelight, even
for the right reasons. Several
companies are preparing for initial
share sales, but these will most likely
happen in startup heavens and not in
India. Today, predictions made for
startups are more in number compared
to the startups themselves. But the
interest these few companies are
generating cannot be undermined.
Conclusion
To summarize   in terms of revenue,
growth and active userbase,
entrepreneurs believe that they have
done a fair job despite being a
bootstrapped / self-funded and are
already ahead compared to many
funded startups in this space. The fast
growing product and startup ecosystem
in the country provides a platform to
engage with thought leaders in the
product space and discuss issues of
common interest. One can only wonder
what these funded competitors have
been doing whose growth, revenue and
active userbase is quite low. The
pressure of investor is already
mounting on a few who are ‘globally
expanding to Malaysia, Indonesia’ for
namesake! It is clear that they must be
struggling to raise their next round of
funding. Vanity metrics can only get
them so far.
Market Dashboard
33JULY 2016
Through digitization, the world
has been stepped up for years
now; despite that, it might be
surprising to step back and gaze at how
hard copies of our work have changed
into something like digitizing
everything. There are digital
companies who will take control of
your business’s online marketing with
their unique style of solutions side by
side, they help you to generate more
leads, win more business and obtain
more customers.
iLeadFarmers is the first digital agency
across the globe that covers end-to-end
marketing for companies in the
technology space through this age of
digitalization. The company initiated
their online platforms with designing
& developing websites, & collaterals
that magnify & portray a brand
through its overall positioning within
its target markets. Followed by a
project of generating leads for a
business through their unique approach
of account profiling fused with
storytelling. Tailor made for the human
inside of a professional. The
company’s highly specialized UI and
UX team of Experience Design
undertake projects for designing and
developing User Interfaces and User
Experiences for products that are at the
threshold of technology innovation.
Starting with consulting, strategy, road-
mapping to implementation, iLeaders
have developed the prowess to work as
an indispensable strategy for
technology companies in defining
iLeadFarmers:
End-To-End Marketing in
The Technology Space
Shashi Sudhanshu
Founder & CEO
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certification and punching time-sheets
at MNCs, was not success, The
knowledge and experience I gained
over the years while working with
companies across the globe, to create a
platform to share with others, was the
real success for me. My capabilities of
continuous learning & unlearning form
anybody & everybody is my success.”
“We are Storytellers”
The company has positioned
themselves as Storytellers, because
they believe stories travel faster than
light in a mind and relate to audiences.
Aligning a company’s objectives with
its portrayal through apt messaging,
designs & positioning is as important
to them, as is growing revenue. They
hone of a team which is par excellence
and is delivering direct business ROIs
to their clients.
Technomarketers who chooses not to
code - that’s what they are. They’ve
built their foundation on and around
technology. And the same, is
inculcated within their hiring
methodology. iLeadFamers promotes a
learning environment, incultating a
deep sense of business understanding
and acumen. With the skills
iLeadFarmers have built, they are
working on hi-tech IoT and
never seen before customer
experiences.
Inspiration behind Every iLeader
Shashi Sudhanshu, Founder & CEO
of iLeadFarmers founded the company
in 2009 after leading 5 different
companies from the Tech Industry
varying from less than $5 million to
$500 million annual revenue. His
knowledge of B-School, significant
experience in management consulting
and corporate leadership in multiple
domain, tech expertise gained at IT
companies, international exposure to
handle front end business face
and above all passion towards
doing something different was
the foundation of his
entrepreneurship venture.
Prior to iLeadFarmers, Shashi
has worked with P&O Nedllyod
as a Business Analyst, Sr.
Business Analyst at Mearsk,
Project Manager at HP, and
Delivery Manager at Morgan
Stanley.
Shashi loves the simplicity at work, he
is not a big follower of processes,
rather he would love to go with his
intuition backed up with intelligence.
He is passionate about design,
technology, believes in providing a
platform and opportunity to young and
enthusiastic minds. He loves to share
his thoughts, ideas, experience with
young, dynamic students who wants to
be entrepreneur and had been invited
as a guest speaker at IITs, Symbiosis
and other BSchools of India.
While throwing light on his successful
journey Shashi adds, “Cracking
business deals worth $20 MM is not
success to me. Working in London and
NewYork, Multi-color belt Six Sigma
digitalization projects with the world
premium software and technology
gaints.
Generating Value in ROI
“I am working towards a vision to
change the traditional way of handling
Business. I am marching ahead with a
practice of putting my philosophical
thoughts aligned with logic and
practicality into action which will
eventually change the perception of
marketing and design,” Shashi
evinced.
iLeadFarmers is nothing but a
group of people, working together,
in different streams, for achieving
the same goal & vision. At
iLeadFarmers, each iLeader
understands that the key to
succeed with their outcomes, is
directly proportional to the
expectations being set. Every
iLeader at iLeadFarmers identifies
who are their internal, as well as
external customers. Each team
member has a deep understanding
of the client and keeps empathize
with the fact that they have to generate
value in terms of ROI.
iLedFarmers is excited about the future
in Storytelling & Digitalization.
They've been blowing their trumpets
on how Storytelling can change the
way they do business through a
Human-to-Human approach. Finally,
the world is coming to realize the true
potential Storytelling holds. The icing
on the cake for ileadfarmers is fusing
Storytelling with Technology and
bringing forth an experience, a story,
that truly complements a business in
their digital transformation.
Our acumen of connecting
the dots between Design,
Marketing, Storytelling,
Technology and Business
is what makes us stand
proud and tall above the
rest
“
“
JULY 2016
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Ecommerce business is on the
rise, as online shopping is
predicted to increase more in
the coming years. To stay ahead of the
game or to grow their online business,
entrepreneurs need to benchmark
against the latest growth rates, both for
overall business in a category for
specific devices and then implement
marketing strategies and tactics that
work to achieve business goals.
Ultimately, entrepreneurs need to be
flexible enough to be able to adjust
their newly hyper-empowered
customers and have the foresight to
know what trends to bet on, and which
ones to sit back on. Understanding
consumer demand requires tools and
processes like social monitoring,
customer feedback channels, and so
on. Retailers and brands that do this
well will gain market share quickly
where their consumers are telling them
they need to be.
Quenching these strategies for craving
the success stories of their company,
three such dynamic leaders from SRM
University are Vineet Neeraj, Karthik
Ramaiah and Mohan Gayam, Co-
founders at Kobster. Vineet Neeraj is
an engineer by academic but an
Kobster: Revolutionizing
the Way Businesses Shop
Mohan Gayam, Vineet Neeraj & Karthik Ramaiah
Co-founders
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36 JULY 2016
corporate/industrial needs. It is a shop,
or one can say a virtual shop where
customers will find every product that
they are searching for in front of their
gadget screen that their work-place
demands. They do not believe in
clichés and self-promotion at all.
Kobster has different teams working
towards a single goal of delivering
whatever client’s wanted and make
their procurement job, less
complicated.
Technology is at the Heart of
Kobster
Kobster Elite is transforming the lives
of procurement managers and resellers
by letting them discover new products,
procure at bulk, centralize sourcing,
cut cost and analyze spends by
intelligent reports & analytics. This
platform is a gateway to a hassle free
voyage to your procurement
destination. It is an e-procurement tool
where the client is provided with a
platform to go through a never
experienced ease of placing orders
which could be easier than ever.
Kobster Elite allows to place orders for
different company locations across
entrepreneur by passion. He learned
his basics from companies like
ArrayShield and Cognizant
Technology Solutions in technical as
well as sales departments.
Karthik Ramaiah is a tech enthusiast
and is skilled with problem solving
techniques. He earned his industry
expertise by working with some well-
known firms such as Cognizant
Technology Solutions. Mohan Gayam
gained experience as a Tester in
HCL Technologies and is an
ardent entrepreneur whose
quench for supply-chain related
activities are never ending.
From Idea to a Business
What started as an idea in 2012
has flourished into a company
called Kobster. It is a B2B e-
commerce start-up which has
enabled 5000+ businesses to
shop online. From being
incubated at PayPal’s prestigious Start
Tank Programme to getting funded,
Kobster today is a team of diverse
young individuals with an ambition to
build a great company.
Vast & Versatile
With a vast catalog comprising lakhs
of genuine products across wide range
of categories, their customers span
across industries including Information
Technology, Hotels, Manufacturing,
Facility Management, Construction
and Healthcare.
Kobster is a business to business
e-commerce retailer working towards
the never ending quench of
Pan-India and a detailed report of
monthly expenses with breathtaking,
simplified charts can be found which
will be concentrating on the client’s
understanding of expenditure in a
better manner. Members of Kobster
Elite get exclusive deals and offers
which will be unfortunately missed by
the other usual Kobster users. It is
absolutely free to get a Kobster Elite
account and avail a 3 step approval
process from Kobster.com to get
products delivered in a swish.
Not Just a Thought, it’s Their
First Principle
The team at Kobster is driven by a
strong First Principle, they believe
in setting sky high expectations
and pushing themselves beyond
their limits to do the impossible.
Team Kobster is a crazy bunch of
people who not just believe that
they can change the world, but
they actually do!
Future Outlook
Kobster believe technology has a
crucial part in building the future, they
keep in pace with the current trends in
technology and keep updating the
upcoming trends in the world of
technology. They are expanding their
presence in Tier2 and Tier 3 cities.
They are looking to tap the domain
specific industries to supply them with
their requirements like Hospitality
industry and Medical industry. They
are going to expand more and more
into the B2B sector which is a billion
dollar business in few years down the
lane.
Being the pioneer of Indian
business to business
E-Commerce industry, we
are on a mission to simplify
the sourcing needs of
businesses and resellers
through technology
“
“
JULY 2016
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It is Friday 15th July 2016, 3 pm
and the team at MediaValueWorks
is busy putting together an
international campaign strategy
covering three continents, six
countries, and four time zones.
For this bootstrap start-up (now into its
5th year) this is a typical day at work,
developing and delivering the
complete range of global
communications consulting, services
and solutions for its growing number
of Indian and Global clients.
There has been an increasing pursuit
on the part of Indian & Global
companies to cater to international
markets in search of growth, expansion
and profits; and communication is at
the heart of it.
MediaValueWorks steps in here and by
offering its consulting, services and
solutions for all the requirements of the
ever-growing diaspora of companies
with global communication needs.
The company was born with the
premise of being an integrated global
communications firm catering to the
growing requirement of a large base of
organizations seeking out business
globally, here in India and across the
world.
MediaValueWorks:
From India to the World: A Global
Integrated Communications Approach
Rachana Chowdhary
Founder & Director
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38 JULY 2016
Education, Media & Entertainment and
Banks & Financial Services
companies.
For these businesses
MediaValueWorks has executed
campaigns, events and programs in
Nigeria, Kenya, Tanzania,
Mozambique, Uganda, Zimbabwe,
South Africa, Rwanda, Mauritius, UK,
Germany, France, Netherlands,
Belgium, Norway, Sweden, Finland,
Denmark, Poland, Switzerland, Spain,
Greece, Russia, Uzbekistan,
Bangladesh, Sri Lanka, Hong Kong,
Vietnam, Thailand, Indonesia,
Malaysia, Singapore, Japan, South
Korea, UAE, Oman, Qatar, Saudi
Arabia, USA, Canada, Mexico, Brazil,
With the experience of having
executed assignments in Africa, South
America, Australia, North America,
Europe, Asia minor and major and
having the expertise of
Communications Consulting, Services,
and Solutions; MediaValueWorks
today is the only company in this
part of the world, delivering
global communications.
The company has many firsts to
its credit; from country specific
customized media outreach
programs to Digital and Online
PR, in 40 plus languages to
India’s first cloud based
Communication Solutions
platform, MediaValueWorks has
the entire range of cutting-edge
services and solutions for its
clients.
While most of its clients are
Indian companies seeking and
doing business worldwide, the
company has a sizeable portfolio
of international clients doing
businesses across different
geographies, both in the B2B as
well as B2C space.
This is manifested in the diverse range
of clientele that the company has.
Starting from Aviation Technology,
FinTech and Enterprise Mobility to
Language and Application Software
Development companies in the
technology sector to Luxury Real
Estate companies, Dot Com startups,
Telecom companies, Specialty
Hospitals and Healthcare companies,
Hospitality and Food & Beverage,
Australia, Fiji, New Zealand to name a
few, and not to forget India (pan India
in over 20 states).
Today the company has over 80 clients
across India, USA, Singapore, Africa
and Europe with its presence across
India, USA, UK, Singapore, Dubai
and Africa.
The unique proposition that
MediaValueWorks has, stems out
of the fundamental core and
conceptual understanding of
global communications nuances,
cultures, and dynamics.
At the heart of MediaValueWorks
are its people. The team comprises
20 members spread across eight
offices in four continents. It is a
diverse and multi-lingual team.
“We are small, but very sharp and
agile and know our craft”, says
Rachana Chowdhary, the Founder
& Director.
The company has heavily invested
in technology and believes in the
philosophy of “size does not
matter; substance does”. After all
the company has been registering cash
profits from the very second year of its
inception.
With an eye on high growth and future
in mind, the company is embarking on
an aggressive expansion plan with a
presence in more markets.
We offer a unique blend of
an integrated
communications approach
which suits our Indian and
global clientele; every
client has a different and
specic requirement, and
we custom craft our
services and solutions to
their tailor made
requirements”, says
Rachana Chowdhary,
Founder & Director of
MediaValueWorks
“
“
JULY 2016
The 20
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39
For every special celebration,
cake is an essential part,
because of it the party or
celebration doesn’t seem to be
complete. Even a small piece of cake
brings an extra charm in our
surroundings with lots of happiness,
fun and joy, which is a best way to
express your feelings towards the
delightful person in your life about
how much you care for them with a
momentous or with a meaningful
message that the cake is topped with.
You can bring happiness to someone
through a cake,which will definitely
appear a reason for their happiness.
Monginis, a popular destination for
connoisseurs of all varieties of cakes,
chocolates, pastries and cookies, with a
commanding presence in 12 cities in
India and Egypt. The cities are
serviced by an effective network of
650+ cake shops through 12
manufacturing plants.
Monginis offers aesthetically designed
personalized cakes, photo cakes,
seasonal confectioneries, snacks like
puffs, rolls, pizzas, burgers and
sandwiches.
Monginis, for All Happy Occasions
Monginis is the ‘Celebration King’
with virtually no popular or special
occasion remaining outside its range.
Its clients have now become habituated
to celebrate all happy occasions with
Monginis: The Celebration King
to Deliver Happiness
Mr. Zoher H. Khorakiwala
Chairman & Managing Director
Mr.Qusai Z. Khorakiwala
Director
Mr. Zoher H. Khorakiwala
Chairman & Managing Director
Mr.Qusai Z. Khorakiwala
Director
(L)(L)
( )R( )R
The 20
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40 JULY 2016
knows it. Moreover, the engagement &
passion built in this kind of a business
is unmatched.
Finding the right technology has been
the biggest challenge ever, however,
there is always a room to optimize the
various components of your strategy or
approach which can turn your
marketing into the more effective
revenue generator. Monginis has a
team of marketing specialists who
constantly keeps a pace of current
technology trends in the market. A well
visualized map of carefully curated
marketing technology resources is
planned that focuses on solving the
business problems.
At Monginis,they have a dedicated
team of IT professionals, who takes
care of making available right
technology that suits the business logic
& functionality like implementing
effective marketing automation
software.
The company’s analytics team does an
indepth Research & Analysis of their
business model to enhance the reach of
their business and with the help of
professionals,their IT team designs
softwares & tools which smoothen
Monginis cakes. Their packaged cakes
division with a shelf life of 60 days is
distributed through more than 1 Lac
outlets across the country.
Monginis website ‘www.monginis.net’
for gifting and ordering is a rapidly
expanding E-commerce business. With
nearly 5000 hits daily and huge army
of Monginis fans on social media, the
e- business is all set to go places.
Monginis headquarters has a well
equipped lab and has gained the
ISO 22000: 2005 certification for
maintaining and assuring best of
the Hygiene and quality
standards of their products and
for their customers.
Monginis creative team comes
up with new innovations to
engage the customer base via
various activities. Mongini’s
customers become habituated to
such activities and expect for the
next invention, which forces the
team to think more and thrive.
‘Consolidation more than
Expansion’
Monginis believes in consolidation
more than expansion. Thus, it has
always preferred to stay as a low
profile Brand when it comes to Media.
But, its sheer size and reach across the
length and breadth of the country with
its complex mix of design of
perishable ‘one day shelf life products’
is Unique, differs Monginis from
others.
Keeping Pace with Trending
Technologies
The company believes that the unique
and dynamic business model gives the
entrepreneur a turnaround before he
their daily operations.
Technology is updating & expanding
tremendously. To stay ahead, it is
necessary to be in line with the latest
technology trends. M-commerce and
E-commerce are majorly spoken about
as they have maximum outreach.
Digital Marketing & Mobile Marketing
is crucial as televisions are replaced by
Smartphones and tablets. Smartphones
have successfully replaced mobile to
the major screen in our daily lives.
The study says that “By 2017, over
a third of the world’s population
is projected to own a
smartphone, an estimated total of
almost 2.6 billion smartphone
users in the world.” Hence
moving forward penetration in
digital masses via mobile &
internet marketing for a booming
business would be sketched.
Monginis is a brand whose
strength is trust and loyalty
because of which a customer
would choose to recommend
Monginis products to friends or family
members. Great reviews from them
clearly expressed excellence of the
Monginis products. Monginis team
strives to collect feedbacks and
recommendations from the customers
to provide best possible savor.
In India, it is one of its kind, reaching
newer benchmarks in Operational &
Logistical excellence. Monginis plans
to open 6 states & 150+ cake shops in
the financial year alone. Where No
other brand can strike a balance
between expansion & consolidation
like MONGINIS. No Brand can strike
a healthy Top line as well as bottom
line in just one year.
We focus on customer
retention and the team
ensures the same by
delivering happiness and
that's what our aim is -
to deliver happiness
“
“
JULY 2016
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With a Platform-As-A-
Service or a Full Service
Solution, NextGen enables
partners build a secure Financial
Service offering on “any mobile
device”, from the original Nokia 5110
to the modern day smart phones, and
take to the masses a 360 degree
offering on Financial Inclusion
services. Built around payments /
money transfers and more, deeply and
securely integrated with the mobile as
a base technology platform, NextGen
has included banking, wallets, cards,
money transfers, bill and utility
payments / top-ups supported by
retailer mPOS terminals and multiple
Financial Instruments into a unified
service menu on a secure overlay
element, affixed on an existing SIM
card and used with any mobile device.
Mobile network and bearer
independent, it’s a one of its solution
globally with this wide a service
envelope on a single platform.
NextGen is helping clients expand
their service portfolio and penetrate
untapped customer segments with a
highly secure offering, integrating their
secure overlay banking platform as a
front end and enabling customer
services on the secure overlay menu.
With added capabilities of a low cost
mPOS terminal for merchants /
agents, enabling merchant acquisition
at the lowest level, virtual debit / credit
cards and full service banking on the
secure overlay, this is a unique
proposition to global customers. The
edge of zero cost card issuance and
management, enabling M-Visa and
Nextgen Telesolutions:
Secure Financial Services on Any
Mobile Device, Network and Bearer Agnostic
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
Taron Mohan
CEO
Taron Mohan
CEO
42 JULY 2016
“secure overlay” and “contactless”
financial services solution, enabling
secure financial services on any mobile
device, network and bearer agnostic.
“It’s this ecosystem that we’re trying to
change and disrupt… enabling
everything on a mobile device and
making this the center of all data
storage and transaction initialization,
with multiple financial instruments
hosted on this unified interface.” says
Taron.
Their services don’t stop here - they’re
providing advanced banking grade
security using private / public
encryption keys, EMV / 3DES security
and encryption, contactless capability
for instant, low cost micro payments, a
self-service and an assisted service
model / menu offering, enabling low
cost mPOS terminals on the same
hardware - regular and contactless,
virtual card issuance - zero cost card
management for the issuers, Customer
“pull” / Merchant “push” payment
capabilities with a user alias, added
security in transactions, Banking,
wallets, money transfers, bill
payments, top-up, cards and more on
the same platform.
Catering to both user segemenets - an
existing company, wanting to bring on
additional capabilities for their
customers or a new company wanting
to start afresh on everything, they help
MasterPass as a contactless solution on
any device is futuristic and a roadmap
for expanding financial services at the
bottom of the pyramid. Adding the 2
Factor Authentication (now 3 factor)
for online / mobile payments without
the SMS based OTP, secure
tokenisation of customer ID mapped to
Aadhaar#, cards / bank accounts or any
other digital identity, enhances
transaction security. EMV capability
with Contactless Payments on any
mobile device brings in a lot more
capabilities to the service
envelope.
Venturous behind NextGen
Taron Mohan, CEO of NextGen
Telesolutions, a dynamic
entrepreneur, graduated in
Engineering from IIT Delhi.
From building engineering
products which included music
systems to Air-jet weaving looms
for Mafatlals, to backpacking
across Europe in a princely sum
of USD 1000 for 6 weeks which
included a Eurail pass, food and
stay, he graduated to set up the
country’s first precision sheet metal
fabrication facility for the electronics,
communication and telecom industry.
In 1994, he moved into cutting edge
CAD / CAM services for the sheet
metal industry.
Later than he came in the mobile boom
and set up the country’s first mobile
VAS service company -
Phoneytunes.com. Next, he dabbled a
bit into HD Glass Free 3D screens for
mobile devices / laptops / PC screens
in partnership with a laboratory in
Korea and also Green power solutions
for Telecom Towers. Unfortunately, he
could not move in well into these and
then moved into building and enabling
secure payments on mobile devices -
looking at the ecosystem differently
and as a technology solution, breaking
the regular moulds of the banking
industry. This is where he build this
add a new service avenue to help
clients tap an uptapped and yet a very
large customer base for secure
financial services.
NextGen has built a lot of innovation
and unique design features into their
solution to make it unique, disruptive,
different and future proof. This
approach enabled them innovate with
the solution and take to the industry a
product offering meeting or exceeding
their current service requirements.
NextGen’s next development on
enabling any mobile device
become a secure contactless
terminal for Merchants and the
capability to upgrade any mobile
device to a contactless device,
with EMV certifications, further
broadens the scope of a fully
digital ecosystem for payments.
We can replace any Visa / Master
Card / Rupay card virtually on a
secure microSD card, thereby,
working towards a 100% virtual
ecosystem for payments.
The company enjoys learning and
working with the banking sector -
handling multiple banking switches,
encryption and data security at the
lowest end of the mobile devices and
then building an easy to use interface
for their partners to use.
Most Secure and Affordable
Ecosystem
By bringing wallets and direct
integrations with cards and banking
services at every user mobile device,
NextGen hopes to bring about a
change in the way consumers transact
at any point. A major factor to enabling
these services at the lowest end of the
pyramid is the capital cost and the
operational costs for the services. This
is our strength and we’re expanding on
this - building an extremely low cost
ecosystem for merchants and
consumers for secure transactions at
every transaction point.
Working not as a banking
solution provider, but more as
a “Fintech Solution provider”,
we brought in a lot of
integrations which are
different, yet imperative to
help grow the overall Financial
Inclusion ecosystem
“
“
JULY 2016
The 20
Fastest Growing
Companies 2016
The 20
Fastest Growing
Companies 2016
43
Effective Growth
Strategies for Small
Businesses
Effective Growth
Strategies for Small
Businesses
very businessman wants a growth in
Etheir business, whether it is small or
medium scale business. Most of the
businessmen are successful in it, with the
way they implement for maintaining the
revenue of the business. But how do you
scale your business?
There are few strategies for small business
growth that have been implemented by
successful businessmen again and again.
And these are the basic growth strategies for
all businesses - without any restriction of
space, area, or the type of an industry, that
can follow to generate new revenues. No
matter from which industry you are, from
Google, Microsoft or a small scale industry
these growth strategies are useful to achieve
higher levels of success.
I cannot say that each strategy will come
without any risk, that’s why we call them
businessmen backers. They do it with the
right planning, proper implementation, and
right team selection, which are the key
factors to grow their business. Below are the
strategies for you:
1. Improve Your Product
Offering something unique or different
products or services than others will help you to grow your business. For an
instance, think about Nike brand who adds some new features to its sneakers
to improve them. And what about Reebok? Did anyone really need sneakers
with a pump in the tongue when they debuted back in the 1980s? Definitely
not, but improvements are raised sales of nike, because people chose Reebok
Pump sneakers, still they made a comeback in 2015 as the ZPump Fusion.
Ask Yourself:
How can I improve my current product or service to make it superb?
What characters can I increase which will differ my product or service?
Can I try any new marketing strategies to attract my customers to reach,
that they don’t know before that?
2. Widen Your Audience
Second strategy to upgrade your small business is to further enlarge the
market you operate in by getting customer outside of your available target
audiences to begin choosing your product or service. Remember when Buick
needed to appeal to teenagers and diverse audience? The firm recruited Tiger
Woods to appear in their commercials.
Ask Yourself:
How do I change or modify my marketing strategies and messaging ways
to appeal new audiences?
Where can I advertise my product or service to draw attention of new
audiences?
What do new audiences require from a product or service like mine, and
does my product or service provide that? Or do I need to improve your
existing product or service?
Business Spotlight
44 JULY 2016
Insights success the 20 fastest growing companies july 2016
Insights success the 20 fastest growing companies july 2016
Insights success the 20 fastest growing companies july 2016
Insights success the 20 fastest growing companies july 2016
Insights success the 20 fastest growing companies july 2016
Insights success the 20 fastest growing companies july 2016
Insights success the 20 fastest growing companies july 2016
Insights success the 20 fastest growing companies july 2016
Insights success the 20 fastest growing companies july 2016
Insights success the 20 fastest growing companies july 2016

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Insights success the 20 fastest growing companies july 2016

  • 1. The way of business solutions www.insightssuccess.inwww.insightssuccess.in July 2016July 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 Let’s Do Something Different. Environmentally Friendly. Go Green Effective Growth Strategies for Small Businesses Business Spotlight India Is Becoming the World’s FastestGrowing Startup Ecosystem Market Dashboard Jayagopal Theranikal Founder & CEO Providing Point of Sale Solutions for Retail Outlets Providing Point of Sale Solutions for Retail Outlets Cozy Infosystems: Franchising and Restaurant Industry - “The Inseparables” CXO Satndpoint Centre of Interest Initiatives to Drive Innovation and Business Growth
  • 2.
  • 3.
  • 4. requent unpredictable change in business dynamics have Fbeen raised in company revenue at a high extent. Decision makers scuffle to find some solidity during uncertainty using planned change methods and at the same time they are being aware of the need for flexibility and agility to leverage emergent change and survive. Growth doesn’t come easily. It requires to realize early on best chance for growth with the greatest ideas in its particular sector that could potentially get a competitive advantage. Building a firm needs passion for the work, which isolates your identity from the others. The struggle of all team players and game changing ideas makes the brand more creative and productive. In a fast-growing environment, the divergence among players becomes more visible, especially big industry players, who operate with millions, shift ways of doing business at a higher pace. India has the best growth prospects for the coming decade, based on the increasing variety and sophistication of the products it exports. As per the National Association of Software and Services Companies (NASSCOM), the Indian IT sector is expected to grow at a rate of 12-14 per cent for FY2016 in constant currency terms and also expected to triple its current annual revenue to reach US$ 350 billion by FY 2025. In new predicts by economists, led by Ricardo Hausmann at Harvard University’s Center for International Development, India’s 7% projected annual growth rate through 2024 would continue to put it ahead of China, where similar advances in productive know-how propelled the country’s rise over the past . India seems to be a truly developed and empowered society by 2020. However, to achieve this advancement, industries have to continue to re-innovate itself and strive for a long way, through partnerships, new business models, transformation and global delivery. A collaborative endeavour from all stakeholders will be required to make sure future growth of India. It needs to rise up to the contemporary challenges and put in unwavering efforts towards providing more and more of the whole stack solutions to the clients to keep the impetus gain in competitive edge. Game Changing Ideas That Work Editorial
  • 5. ,6 Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-602-1754, (302)-319-9947 Email: info@insightssuccess.com For Subscription: Visit www.insightssuccess.com Insights Success Media and Technology Pvt. Ltd. Ofce No. 513, 5th Floor, Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017 Phone - India: 020-69400110, 111, 112 Email: info@insightssuccess.com For Subscription: Visit www.insightssuccess.in sales@insightssuccess.com Editor-in-Chief Pooja M. Bansal Co-designer Art & Design Director Database Management Sharad Technology Consultant Vishal More Circulation Manager Swapnil Research Analyst David Business Development Executive Ketan,Savitri, Pooja, Gopi, Akansha, Ankush Co-Editors Charlie Gupta Corporate Ofces: July, 2016 Amol KambleArt Editor Picture Editor Business Development Manager Manisha Priya Archana Ghule Ariana Lawrence Sugandha Sharma Managing Editor Sonal Burghate Visualiser Kalpesh Marketing Manager Karishma Joshi Alex Noel Mayur Khapekar Rashmi Borkar
  • 6. Contents CXO STANDPOINT Franchising and Restaurant Industry - “The Inseparables” 26 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 Cozy Infosystems Jayagopal Theranikal Founder & CEO 10 Let’s Do Something Different. Environmentally Friendly. Go Green Effective Growth Strategies for Small Businesses Business Spotlight India Is Becoming the World’s Fastest Growing Startup Ecosystem Market Dashboard 24 44 32 Centre of Interest Initiatives to Drive Innovation and Business Growth 16 Rohan Bhatt Founder & Head Consultant Square Consulting
  • 7. 36 34 22 iLeadFarmers: End-To-End Marketing in The Technology Space Kobster: Revolutionizing the Way Businesses Shop Codewave: Building Beautiful Apps with Reliable Technology Giftxoxo: Pioneers in Gifting Unique Experiences Monginis: The Celebration King to Deliver Happiness 40 30 42 Nextgen Telesolutions: Secure Financial Services on Any Mobile Device, Network and Bearer Agnostic The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016
  • 8. 20 50 48 CNB Technologies: Solution that Manage and Plan a Container Yard in Real Time Using IoT Zomato: Catering the Hungry Millennial Testbook: A Unified User Experience that Prepares for the Future Evisipro: Leveraging Versatile Expertise to Deliver Innovative Solutions MediaValueWorks: From India to the World: A Global Integrated Communications Approach 28 38 46 Pinnacle: On Time and Every Time The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016
  • 9.
  • 10. MAGAZINE SUBSCRIPTION FORM Name : Address : Country :City : State : Zip : Global Subscription 1 Year 2500 Rs.(12 Issues) 6 Months (06 Issues) 1300 Rs. 3 Months (03 Issues) 700 Rs. Check should be drawn in favour of :INSIGHTS SUCCESS MEDIAAND TECH PVT LTD 1 Month (01 Issue) 250 Rs. Date : Corporate Office Insights Success Media and Technology Pvt. Ltd. Office No. 513, 5th Floor, Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017 Phone - India: 020-69400110 | USA: 302-319-9947 Email: info@insightssuccess.com
  • 11.
  • 13. T Cover Story COZY INFOSYSTEMS www.cozyinfo.com Providing Point of Sale Solutions for Retail Outlets echnology is growing rapidly with the series of business requirements. An advent of the new hardware, software services in the market to solve various business challenges needs integration to Point of Sale software. Young entrepreneurs are more technical savvy and willing to use new technologies to solve their business challenges and improve their core business. However, Software development is a continuous cycle to upgrade as per current and future requirements. Cozy Infosystems’ came up with their Research and Prototyping Team, who are always ready for any new trends. They upgrade their software to match the latest technology trends and customer expectations with end-to-end capabilities, so that they can easily manage their large volume of data. Since its inception in 2001 in the USA, Cozy Infosystems has been providing excellent IT services with the focus to provide quality services with a cost and time effective process. In 2007, the company started its operations in India as Cozy Infosystems Private Limited with headquarters in Hyderabad. Run by well versed IT experts, Cozy Infosystems possess a team of highly skilled & proficient IT professionals having an ample industry experience from the major MNCs of the USA. Cozy Infosystems’ services involve Software Development, Mobile Applications, ERP Services and Application Maintenance. CozyPOS’ (www.cozypos.com) Flexible Architecture Cozy Infosystems is primarily into Point of Sale and ERP software products/solutions for retail industry. The company’s POS software under the brand name of CozyPOS caters to all formats of Restaurant verticals, Retail outlets, Salon/Spa outlets. CozyPOS is well designed with a flexible architecture to provide world class features. CozyPOS software is being used by single restaurant and multi-chain outlets. They have customers in India, USA, Canada, UAE, Mauritius and few other countries. Apart from Point of Sale software, Cozy Infosystems also develops specialized software products for other industries and also take up custom software development projects. Jayagopal Theranikal, Founder & CEO of Cozy Infosystems has about 24 years of total IT experience in management and technical roles having hands on technical knowledge in various fields. His earlier roles involve Developer, development DBA, Team Lead, Manager, Senior Manager, Group Manager, and CEO. Jayagopal is a professional with varied experience in the technology industry, having worked in various leadership positions for big organizations he was associated with Bajaj Auto Ltd. (Pune), Tata Consultancy
  • 14. Services (Bangalore), Wipro Systems (Bangalore), Embarcadero Systems Corporation (Alameda, CA), PeopleSoft ( Pleasanton, CA), Oracle Corporation ( Pleasanton, CA), and at Hyderabad in Oracle India Pvt. Ltd., Pixel IT Solutions, and Gopal Systems. At Cozy Infosystems, Jayagopal is responsible for managing complete operations and responsible for business development in India and USA. Team building, meeting customers, project management, technical guidance to the development team, administrative tasks, accounting, business development, day to day operations are some of the key responsibilities. CozyPOS (www.cozypos.com): Easy, Fast and Affordable Nowadays, restaurant business operations have become very complex due to its nature of business. Restaurant management software should be easy to use, faster in response, flexible to use, manage inventory, recipe, manage employees, and handle day to day business operations efficiently. At the same time, the business owner would like to have central control of multiple outlets through web and mobile app access. Choosing a right POS system for your lifeline operations is a big challenge; it should be feature-packed and sophisticated enough to handle thousands of inventory items and various store locations. Business owners are looking for that inventory management system which is best in the POS industry also easy to use and affordable. Moreover, it can do more than just accepting payments and processing it to sales. It should carry some additional features and other capabilities that make it easier to run and scale your business. It should provide dedicated solutions for your type of business and offer 24/7 customer support. Cozy Infosystems has exactly solved all the above challenges through their CozyPOS flexible architecture. Retail outlet can run the operations without depending on the internet all the time and business owner can access and control outlets through cloud software and mobile apps. CozyPOS architecture allows easier integration to third party software solutions such as loyalty solutions, integrated payment gateways, SMS gateway etc. CozyPOS’ Impressive Features CozyPOS Billing Software has impressive features such as Touch Screen Based Billing, Easy User Interface, Multiple Menu, Multiple Pricing for Menu products, Section Specific Pricing, Multiple Ordering Types, Multiple Tax Management, Employee Management, Multi Level User Password Protection, Colour Code Menu, Unlimited Products, Order Time Statistics, Modifier Items Prompting, Line Discount/Invoice Discount Options, Detailed Sales History reports, Kitchen Order Printing, Auto Charge for Delivery/Takeout, Ability to Stores Old Invoices, Ability to Recall Reports from Any Given Day, Easy Printer Management, Customer Management, Loyalty Management, Table Layout Designer, Sections & Table Management, Table Reservations, Future Ordering, Online Ordering, Kitchen Display Solution and many more niche features. Using CozyPOS software, even a small coffee shop can easily computerize the billing, inventory and also manage the operations through cloud software and mobile app. Additionally, the same coffee shop can start accepting online orders through their online ordering plug-in that can be fully integrated with Point of Sale. All this can be implemented in much less time and at much lower cost when compared with their competitors. Cozy Infosystems’ Client-First Approach CozyPOS is a license based software at the outlet and come with optional subscription based plug-ins for web based reporting, web based management, online ordering, online table reservation, multi-outlet management, franchise management, loyalty management, digital signage, kitchen display solution, automatic shelf labeling solution, centralized token display solution and many more niche solutions. A melt of technical and functional knowledge is the key to product and company’s success. Their team follows the CUSTOMER FIRST theme in every stage. Their support team, serves 24 X 7 to provide support to their customers in through our software bundle We always keep our eyes open to learn NEW TRENDS &Quickly Provide Solutions “ Cover Story
  • 15. a timely manner. Their functional team takes input from business owners and recommend to product development team to implement in future versions. Strong technical team is contributing to product development by adapting new technology trends. The industry is changing rapidly. New business models and strategies are challenging the traditional software solutions. Upgrading the software to match the new trends is a key for success. Restaurants have been going through new trend in taking orders due to innovative online ordering and delivery aggregators to bring new revenue to them. Lack of integration of such orders with Point of Sale software is causing reconciliation issues for business owners. Smooth and Seamless POS Integration Restaurant operators are immensely looking for that system which has easily integrated a variety of capabilities into their point-of-sale (POS) systems. According to Hospitality Technology’s Restaurant Technology Study, Foodservice operators cite integration as a vital business driver influencing their next POS upgrade. Integration between systems opens up capabilities on both the operations side, including kitchen efficiency and better intelligence, and the customer-facing side, like mobile and online ordering, and more sophisticated loyalty programs. One of the biggest stumbling blocks to a smooth POS integration - or integration of any technology type - is connecting disparate systems. Trying to get different systems to talk to one another takes time and financial investment for both the operators and the vendors involved. Cozy Infosystems has upgraded their software to provide solution through CozyPOS architecture to track third party order sources into the same Point of Sale software that they use at the restaurant and thereby track their sales and inventory more efficiently. Having more than 15 years of strong experience in Retail Business Software Solutions and dealt with a different Point of Sale software over the years, the company’s design and development team understands the challenges of business owners and developed solutions through feature rich CozyPOS software. Cozy Infosystems’ Other Products The company’s CozyPrint is the Aadhaar Card printing software developed in-house. Software is well designed to take the e-Aadhaar file in PDF format and convert the information to the format required to print on a plastic card. This software is designed to take care of variations on PDF format of e-Aadhaar file. This software is being used by several businesses across the country. Same solution is also available as E- Commerce platform with URL www.printmyaadhaar.com and customers can directly upload their E- Aadhaar files and receive the PVC copy to their home. Also, the company’s Cozy GPS is an innovative and cost effective real time GPS/GPRS tracking solutions comprising of hardware device, GSM SIM and, Tracking platform software. GPS/GPRS tracking solution is best suited for all vehicles to track them 24/7 with the help of satellites and the internet. It’s a unique way for companies and individuals to monitor and control their vehicles, by using the internet or mobile phones from anywhere. It also enables you to monitor accurately the movements of your employees, children or any other asset on the move. The same solution can be integrated with any ERP software to offer this GPS tracking features under one solution. Cover Story
  • 16. ver the last few years, it seems India has become the seventh largest economy throughout the globe, where OIndia’s growth story represents a resilient outlook. According to the latest World Bank forecasts, India’s economy is the bright spot among all the emerging and developing economies with an expected 7.3% GDP growth in 2016 as compared to 7% in 2015. The Indian entrepreneurs came up with an ablaze idea. Slowdown meant a huge opportunity in niches for them. And lack of growth meant readying the whole hog for a small increase. They didn’t believe in the slowdown and develop strategies to grow their business rather than securing it from shrinking; they invested heavily in capacity multiplies for the future; and they recognized their personal growth in a depressed business environment. We are honored to rank an exclusive list of India’s ‘The 20 Fastest Growing Companies 2016’. These companies are shortlisted as per the parameters such as profit, sales, capital return and market capitalization. Our issue, ‘The 20 Fastest Growing Companies 2016’ has covered companies from the various sectors like innovative app development companies, Zomato for restaurant search and discovery app and Testbook app, as an online exam preparation portal. From e-Commerce, Giftxoxo has been shortlisted on the basis of its gifting unique services. Kobster, for its specific devices which implements marketing strategies and tactics. Monginis, the celebration king to deliver happiness. As a development company Codewave for building intelligent and good looking apps for the web and mobile. Evisipro for continuously adding value across industries by leveraging domain expertise in IT services and Engineering services. From digital agency iLeadFarmers is the first digital agency across the globe. Pinnacle from Telecomm Industry, a leading Mobile Messaging Operator & Marketing Partners for digital communication. MediaValueWorks for its unique blend of an integrated communications approach which suits the Indian as well as global market. While choosing a cover story, our criteria was to highlight the company who possesses a passion for new trends and ready to upgrade their software to match the evolving technologies of the industry. We are delighted to share Cozy Infosystems as the cover story for this issue, who is at the forefront of providing Point of Sale and ERP software products /solutions for the retail industry. Fastest Growing Companies Shifting the Ways of Doing Business into Higher Gear The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016
  • 17.
  • 18. In today’s competitive in the global marketplace, firms need to be driving effective innovation in their services as well as products. Furthermore, it is necessary for them to innovate rapidly and also, to do it cost- effectively. This need has been there, but its significance has grown over the last few decades. Even during the period of recession, top leadership was focused on growth, and they believed technology to be the main enabler of innovation. It is found during a survey that more th than 3/4 of industry leaders believed that innovation drives efficiencies. It also leads to competitive advantage. And most of them also believe that technology is one way of capturing both. Nearly seventy percent of decision makers surveyed were investing in IT to become more efficient and to reduce costs, while almost half of them were also funneling funds toward growth initiatives leveraging emerging technologies, like social media and wireless devices. Your Role as a Leader Once the right skills, strategy and processes are in place to embrace new ideas and initiatives, there is an opportunity for the thought-leaders to leverage technology to enable innovation. The list technologies that have converged to drive innovation can be long, but summarizing, cloud computing, analytics, social networking, and mobile device based computing are the key fundamentals. These are the technologies that enable new ways to innovate, develop products, interact with crew & clients, team up, and manage data. It observed that firms showing remarkable results demonstrate greater mastery in leveraging these four digital technologies to innovate, plan, measure result and create value. Excluding these, many other factors show unique impact when applied, also they are complementary in support of creating value and result. Still, to achieve the growth-driven innovation, the values need to be understood. For example, with social media, people can find people others to collaborate and co-create with. Wireless devices enable access to the databases, to applications, and numerous other purposes. Analytics help us to make action- derived meaning and presentation of all the data. Driving Innovation and Growth There is a primary factor without which, even the most innovative tech can’t deliver high-value; and that is business strategy and goals. The airtight business plan and a crystal- clear vision of where you want to see the organization are a must, as these factors will help in defining and setting the context for the role development, research, and innovation will play in enabling profitable growth. It will also help to determine the type of innovation wanted and the way you need to organize to effect change. Innovation can be manifested in multiple ways, but the type of innovation that is needed must be determined. Notably, there are three type of innovations based on industry goals and technology that needs to matched. The first one is, Incremental 16 JULY 2016 Centre of Interest Initiatives to Drive Innovation and Business Growth
  • 19. innovations that make small changes to a company’s existing technologies and business models. Next, Breakthrough innovations that make significant changes to either the technology or business model, producing significant growth. And finally, Radical innovations, which take place more rarely, combine technology and business model innovation to create major new industries with exponential growth. Companies need to build a set up their work culture around innovation and establish appropriate metrics and processes to integrate innovation into the corporate culture. The organisations who were able to apply this research culture and establish the processes, what difference did they apply? Which type of skillsets are needed to drive it and is ultimate responsibly in the company for innovation, how the location of various teams need to be decided and how will they collaborate? And finally, how mechanisms and processes around innovation can be defined? Getting started with innovation First and foremost, it is necessary for companies to understand the ways to organize themselves around innovation, and define processes to get the best results from innovation. Initailly, companies need to consider their strategic imperatives, and ways to make a holistic transformation through process, structure, and people. Technoception: Innovations used for Innovating The final step is to identify the innovations and latest technologies that are best-suited to their unique circumstances. Companies who work to improve enterprise productivity, need to reduce complexity and then drive a comparatively agile IT environment. As this environment is an enabler for business growth, while using emerging technologies. Notably, social networks can be used to collaborate and communicate (internally as well as externally) and to co-create and generate ideas for solutions and service. Enabling a remote and mobile workforce that can collaborate regardless of time and location can also be done. Companies can leverage analytics to derive value from connected data and get a comprehensive overview of your information. Utilizing the cloud technology to optimize your IT are some of the technologies that are adapted widely to for business growth. How companies would create and sustain appropriate executive commitment to execute the innovation program successfully, will depend on the business goals and predictions market scenario, for any particular company. 17JULY 2016 Centre of Interest
  • 20. Management BriefCompany Name Rajesh Kumar & Nitin Sirohi Co-founders CNB provides automation solution based on real time information technologies to port and container shipping industry. Codewave was founded in May 2013 with a vision to build intelligent, good looking apps for the web and mobile, helping brands create impact online. Codewave www.codewave.in Abhijith HK Founder & CEO Cubet Techno Labs www.cubettech.com Lovegin John CEO Cubet Techno Labs provide end to end solutions which help organizations to competently collaborate and communicate with the various functional areas within the organization and with business partners in their value chains. Evisipro provides end to end solutions, customizations, testing & validations, processes & operations applications/automations, mobile applications, enterprise mobile solutions, UI/UX expertise, web applications, e- commerce applications, CAD/CAE/CAM services as the principal business activities. Shashi Sudhanshu Founder & CEO iLeadFarmers, a storyteller, is specialized in Experience Design, Marketing Communication & Lead Generation. At iSynergy, they understand the dynamics associated with taking ideas to fruition and this, along with their clients’ insights, help them in designing innovative technology solutions for developing products that resonate with their audience. Kobster is a Businessto-Business e-commerce player which helps corporate buyers, retailers, SMEs, home offices, hotels, hospitals etc. to purchase business products in bulk at wholesale rate. Evisipro Solutions Pvt. Ltd. www.evisipro.com Yogesh Arjun Ghorpade Founder & MD Giftxoxo.com www.giftxoxo.com Manoj Agarwal Co-founder Giftxoxo is a marketplace for gifting of unique experiences and gift vouchers. iLeadFarmers www.ileadfarmers.com iSynergy TechSys www. isynergysys.com Atul Thombre CEO Kobster www.kobster.com Vineet Neeraj, Karthik Ramaiah & Mohan Gayam Co-founders Cozy Infosystems Pvt. Ltd. www.cozyinfo.com & www.cozypos.com Jayagopal Theranikal Founder & CEO Cozy Infosystems Private Limited, India. Point of Sale and ERP software products /solutions for the retail industry, its solutions caters to all type of retail verticals and give an ability to run the software from a wide range of platforms such as Windows, Linux, Android, iOS. The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 Bagful Solutions www.bagful.net Sham Kamboj Founder & CEO Bagful is a leading Domain Registration & Web Hosting company. CNB Technologies www.cnbtek.com
  • 21. Management BriefCompany Name Monginis Foods Pvt. Ltd. www.monginis.net Monginis is a premier and popular destination for lovers and connoisseurs of all varieties cakes, chocolates, pastries and cookies, with a commanding and distinguished presence in 12 cities around India and 2 in Egypt. Mr. Zoher H. Khorakiwala, Chairman & MD Mr. Kumail H. Khorakiwala, Jt. MD Mr.Qusai Z. Khorakiwala, Director Mr.Aliasger K. Khorakiwala, Director Nextgen Telesolutions Pvt. Ltd. www.nextgentele.in Taron Mohan CEO Nextgen enable their partners build a secure Financial Service offering on “any mobile, network”, and go to the masses with a 360 degree service offering on Financial Inclusion services. With a vision to serve and excel in various ventures taken up in the field of IT and Technology, NWDCo evolved from a Web Designing company into a full fledged IT Product and Service provider, offering expertise in most IT related areas. NWDCo www.nwdco.com Nishir Gordhandas CEO Pinnacle Teleservices Pvt. Ltd. www.pinnacleteleservices.com Rajesh Banerjee Director & Co-founder Pinnacle is India’s leading Mobile Messaging Operator & marketing partners for digital communication focused in delivering communication with data analysis and engagement tools with Telecom, Internet, social media & Over the Air (OTA) platforms. Sify Technologies are building a world in which their converged ICT ecosystem and their ‘bring it on’ attitude will be the competitive advantage for their customers. Ashutosh Kumar CEO Testbook App provides the best and most relevant practice questions for LIC AAO, GATE 2017, SSC CGL, Railways RRB NTPC, Aptitude for Campus Placements, Bank PO, Bank Clerk, Current Affairs & General Knowledge. Unify is the newest member of the Atos family, combining Atos’ knowledge and reputation in the IT services market with Unify’s expertise in unified communications and collaboration to provide customers with seamless services solutions for their entire digital portfolio. Zomato is a restaurant search and discovery app, which provides in-depth information for over 1 million restaurants and enables users to order food online and make online table reservations in selected geographies. Sify Technologies www.corporate.sify.com Kamal Nath CEO Sphinx Solutions www.sphinx-solution.com Anand CEO Sphinx is domain expertise with rationalized knowledge about current industry technology & trends. They take pride in being One-stop IT service provider for the web application, mobile apps, software consulting and staff augmentation services. Testbook www.testbook.com Unify www.unify.com Amit Jain Chairman & MD Zomato www.zomato.com Deepinder Goyal Founder & CEO MediaValueWorks www.mediavalueworks.com MediaValueWorks offers a cloud based service for Global Public Relations enabling ‘Local Businesses to Communicate Effectively with Global Media’. Rachana Chawdhary Founder & Director The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016
  • 22. Emergence of IoT has changed the way we live and work. Also, opening new opportunities for growth and innovation in less time. Companies possessing a huge amount of data has to be analyzed to understand more about their customers needs and trends. Companies have started using IoT data as part of their planning in order to stay competitive and to give more innovative services and products. Focussed towards creating a bigger technology barrier by bringing 10X improvements in information visibility and data analytics for the yard owners, CNB, a hardware-software product company is emphasizing on shipping logistic industry. The company has developed a unique and cost effective solution, globally, to manage and plan a container yard in real time using their IOT (Internet Of Things) platform. The solution is used for managing the complete yard by recording all the activities happening inside a container yard in a fully automatic manner. There are no manual interventions, whatsoever, in recording these data, this is why it is error free. Rajesh Kumar and Nitin Sirohi, co- founders of CNB Technologies, has a 20 JULY 2016 CNB Technologies: Solution that Manage and Plan a Container Yard in Real Time Using IoT The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 Rajesh Kumar & Nitin Sirohi Co-founders
  • 23. CNB is motivated to take it to the next level and putting more than required to achieve the goal. A Complete Innovative Solution CNB Solutions take best of the breed components from all across the world and manufactures hardware fitted for the particular usecase and provide end- to-end solution to their customers. The software application is completely in- house. CNB is a hardware-software company with a complete innovative solution. The main innovation is understanding the right set of different technologies like RFID, GPS, GPRS, different sensors and processing unit that are deployed in harshest of the conditions to capture the data in real time, automatically 24x7. The company has technically created barrier for any competition for at least 3 years of R&D on the field and not in the lab. They have a dedicated R&D team who keep on experimenting with all the upcoming and new technologies related to their system. They keep a close tab on all the developments happening on that field. One thing for relationship that goes long back during their college days at IIT Kanpur. Where, Rajesh holds a B.Tech in Civil Engineering and Nitin holds Msc Integrated in Physics. “We are both sportsperson at core of the heart and learnt a lot from it like coping with the team, how to celebrate winning moments and how to digest and improve after losses etc,” propounds Rajesh. While talking about their interests, he further adds, “I used to play hockey and Nitin used to play cricket for IITK during Inter-IIT sports meet. Both of us were having similar kind of interests as also big risk taking capabilities and never shied away from trying new things. This is one thing that brought us closer and we did enough things together to understand each other like brothers.” Rajesh and Nitin started their entrepreneurial journey from 2006 in the field real time information domain. After trying different things during the initial years of their journey, they are now spearheading with their product for port and shipping industry since last 5 years. “Everyone gets the kick from the fact that we are doing something which no one in the world has done like this,” asserts Nitin. The feeling of being the best and self-sustaining without any external funding in itself is a big motivating factor. CNB is going to be a product originated from India for the global market, this is also quite motivating for everyone. Everyone at which they are very sure is that they do not change a stable technology component in their solution unless and until it has got some significant advantages attached to it. which goes both for hardware as well as software. India spends 13-14% of its GDP on logistics whereas developed countries do it at 6-7%, this explains a lot about the inefficiency in the system. For any country, port is the start and the end point of the logistic with the external world. Containerisation of cargo is the best way to utilise space and making cargo movement more efficient. In case of Import, cargo moves from Port-container yard- warehouse and then further down in chain; in case of export, cargo move out from various places to warehouse-container yard-port. Focus on Port and Logistics Development CNB is looking to automate the complete start and end of the logistic chain by making port, container yard and warehouse more efficient. What excites CNB about the future is that today India’s 20-25% container uses their solution and one day when 70-80% container passes through their solution, probably they will reduce at least 1-2% of Indian GDP wastage on logistics. The government is also focused for development of port and logistics infrastructure which is a very good news for everyone. The company is seeing some good progress in terms of automation and visibility that the government is mandating on this segment. 21JULY 2016 Our solutions enables 100% container identication which has not been achieved anywhere globally till date “ “ The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016
  • 24. Starting with “why”, understanding the product vision, articulating it with wireframes and design, Codewave goes about solving business problems with technology, holistically. Codewave offers app design and development services for web, smartphones and tablets, with a focus on UI/UX, mobility and scalability. Codewave today is a young, growing team of 45 people from diverse backgrounds and experiences, in various functions like Wireframing and Visual Design, Web Development, Mobile Development, Quality Analysis, Delivery Management, Account Management and Business Development. The company has accomplished product thinkers inhouse, to work with their clients; more like peers and connect with them at the product level, and holistically shape the outcomes. Codewave design team works with the client team in close feedback loops to shape the overall product experience, define the app screens, content and interactions. During this phase, the development team in parallel, reflects on the backend architecture and database design to achieve scalability. While the design team takes care of UI/UX, the development team takes care of robustness and scalability of the app. Vision behind Codewave Abhijith HK, Founder & CEO of Codewave, a Computer Science Engineering graduate, started his career as a software development Codewave: Building Beautiful Apps with Reliable Technology Abhijith HK Founder & CEO 22 JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016
  • 25. on the environment they’re in. An Integrated App Experience Codewave’s core proposition to market is UI/UX, Mobility, Scalability at the best possible cost and creating an integrated app experience. Codewave connects with their clients at a vision level and aligns a team of individuals who can productize the vision in a great way. They have a combination of a business guy (account leadership) and a technology guy (team leadership), jointly driving project commitments and delivery. Codewave is one of the first companies, to have eliminated the bell curve appraisal and generic rating scales for performance reviews and have instead adopted a more dynamic performance review practice that carefully aligns potential to opportunity and promotes individuals when they’re ready. They are proud to be a people first company, that has developed unique, disruptive people development practices and a workplace closer to home. Early Adopters of MEAN Stack Codewave feels proud to be one of the early adopters of MEAN stack, Django (Python framework) technologies used by companies like Uber. They build scalable applications using latest intern, doing mobile development. In a few months, he became a full stack developer, worked with a travel startup and built mobile apps and sites, where he met his wife Vidhya, who was a product manager and together they built many mobile solutions for travelers, hotels and enterprise apps. Back in 2013, he noticed a growing need in the market for good looking apps and sites. There were very few companies in India then who worried about good looking, mobile friendly interfaces and embracing mobility fundamentally. On one side were the creative agencies who were limited with design and photoshop, on the other side were legacy technology companies who were focusing purely on the functionality, not the user interface. Abhijith felt there was a need for both these worlds, to come together and create solutions that give users a great online experience and that are reliable to scale for a large number of users. He quit his job, started a new journey with Codewave in May 2013. His wife joined him to help the team grow and to help enable sustainable business growth. Codewave grew from a team of 4 to 45, over the last 3 years purely through team member referrals and people directly reaching out to them through their site. The team puts focused effort on raising potential, individually and collectively to be able to attract the right opportunities, enabling the organization to grow sustainably. The company organizes an event every week ‘Codewave Leadership Café, to have people share insights and inspiration from their lives. They draw inspiration from people and learn how each one of them is making an impact web/mobile technologies and frameworks, at the best possible cost. They continuously benchmark with latest open source technologies / frameworks, implement quick POCs to validate feasibility and use in their projects. They also customize open source libraries to build their own, to meet the needs of the end product. Codewave’s team of developers are constantly exploring new opportunities to code better; also a reason why they are able to swiftly switch from old to new frameworks like AngularJS and NodeJS. Over the last 3 years, the company has built technologically complex applications such as IoT applications requiring heavy realtime data computations, social commerce /marketplace portals with large data aggregation (on MongoDB) and AI (artificial intelligence) based apps that require deep data interpretations. Codewave has simplified patient doctor communication in hospitals, enabled satellite education for African children where internet is unavailable, enabled baby incubators to proactively alert doctors using BLE (Bluetooth Low Energy), built marketplaces for consumers to easily find legal, financial help and built many more applications making the world more deeply connected. Codewave’s upcoming product “Peerly”, intends to illustrate their spirit of building a great workplace with empathy, transparency and peer comfort. Peerly aims to make everyday recognitions and opportunities more vivid, intensifying connections with people and their experience of life at work. With Peerly, companies can bring positive change in the workplace not just once a year, but at all the moments of opportunity. We believe, our biggest strength is our ability to create and maintain a workplace, which nudges people to be their greatest selves. Everything else follows. “ “ 23JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016
  • 26. Let’s Do Something Different. Environmentally Friendly. he use of plastic has been Tincreasing at a tremendous rate for the last few decades, which plays a major role in all facets of modern lifestyle. Plastics are used in the manufacture of a great number of products such as mobile phones, domestic appliances, furniture items, medical devices, protective packaging, lightweight and safety components in cars, and insulation materials in buildings, etc. Plastics are used because they are effortless and saving costs to make and it can be durable. Destruction of plastic waste has come out as a major environmental challenge and its recycling is facing obstacles due to its non-degradable characteristic. The amount of plastic waste in our surroundings is continuously growing because plastic does not decompose biologically. However, so many articles showed the situation on the ‘sea beaches contain plastic’. Plastic waste is often the most objectionable type of litter and could be viewable for months in landfill sites without degrading. Reuse of plastics and recycling is obtaining as major as a sustainable method for plastic waste disposal. Unluckily, plastic is one of the difficult kind of material to recycle than aluminum, glass or paper. What is the common problem with recycling plastics?, it is that plastics are often made up of more than one type of polymer or there may be some kind of fibre added to the plastic, can be a composite. Plastic polymers need a sustainable amount of processing to be recycled as a different type melts at different temperatures and has different properties, so be alert separation is very necessary. Moreover, most plastics are not greatly compatible with one another. Except for familiar applications such as industrial packaging film and recycling bottles, there are also new developments, e.g. The Recovinyl initiative of the PVC industry. Lots of construction firms are using plastic materials. The components used involve everything from plastic screws and hinges to enlarge plastic parts that are used in electric wiring, decoration, flooring, water proofing, wall covering, etc. Humans create 660 billion pounds of plastic in a year, and the manufacturing process produces three times as much carbon dioxide by weight as actual plastic. “That’s an insane amount of material,” states Newlight Technologies CEO Mark Herrema. “Wouldn’t we be better off using plastic as a conveyor belt for capturing and sequestering carbon emissions instead?” That’s exactly what his company does. Typically, plastic is made by exposing hydrocarbons from fossil fuels to tremendous pressure and energy. Newlight's first commercial plant, in California, captures methane generated by a dairy farm’s waste lagoon and transports it to a bioreactor. There, enzymes combine the gas with air to form a polymer. The resulting plastic, called AirCarbon, performs identically to most oil-based plastics, but costs less-creating a market-driven solution to global warming. Companies have already signed on to use AirCarbon in their products, including KI desk chairs (pictured), Dell computer packaging, and Sprint smartphone cases. Go Green 24 JULY 2016
  • 27.
  • 28. Franchising and Restaurant Industry - The Inseparables Franchising has been around since the 19th Century but it was not until Ray Kroc, a Multi-Mixer Salesman adopted Franchising for the expansion of his little known acquisition back then Mc Donald’s Fast Food that it gained such a strong popularity and momentum. Today, almost half of the Restaurant businesses in the United States are franchised units and that is what caused the Fast Food Revolution, as we know it. In fact, Franchising is mostly responsible for the creation of the most successful format of Restaurants - the Quick Service Restaurant. The whole dynamic of the relationship between these two industries is what has revolutionized the entire business of eating out across the world. Franchising is important in different ways to different people, and its importance varies from the utility it offers to all the sections of the business applicable. For the Restaurant concerned, Franchising is the best way to expand to various territories in a fast and effective way without the need of a large network of highly skilled individuals or the need to have a super costly core management team for each store. For the Brand, the advantage is that the business model is easily recognizable and acceptable. From the industry’s point of view, franchising is the most suitable way to make brands and products popular with regular customer visits and high brand recall value. From the point of view of an entrepreneur (franchisee in this context) is that the business model is well established and defined. Even the roles and responsibilities of the different crewmembers as well as the owner himself are well defined and as a result, the customers feel more secure and confident about the consistency and quality of the products. This leads to a more confident and a more loyal customer base for not just the brand or chain but for the entire concept of franchise stores hence increasing the footfalls to any particular location among other things. Restaurant Operations are a typically complicated as they have to be able to build on the concept that even the most complicated products are made in the simplest and most effective manner by the most unexpected source of manpower. Simpletons who have very little or no training or background of the industry are usually introduced to the operations as entry-level crew and trained on the job by means of an intricate system of operations broken up and Franchising is the best way to expand to various territories in a fast and effective way without the need of a large network of highly skilled individuals or the need to have a super costly core management team for each store “ “ CXO Standpoint Rohan Bhatt- 26 JULY 2016 - Rohan
  • 29. CXO Standpoint Rohan Bhatt, Founder & Head Consultant of Square Consulting, is a Franchise & Hospitality Consulting professional with over 11 years of hands on experience in developing and sustaining franchise brands across India. He has headed the expansion and franchising part of various brands such as La Marque World Dining, Singh Saaab Di Rasoi, Unique Brew Café, Moodies Restro Café, Tasty Khaman, Mexican Rodeo & The Dough Company. His acute sense of retailing & hospitality and his innovative restaurant support & development systems make him an integral part of the team showing the company’s commitment to not just large numbers but systematic development & support for the large number of stores planned in the network. He has also provided end to end solutions for various brands on a strategic level which gives the businesses a correct direction for organic and sustainable growth. simplified to a great degree of detail by effective restaurant systems. Creating such systems is no child’s play and requires the highest skills and knowledge of operations and franchising. Brands take the decisions like developing a correct business operations plan and expansion well in advance to accommodate the possibility of major problems at later stages. Every business needs a proof of concept and the flagship store or the pioneer store of a potential franchise system usually has one (or more) profitable prototypes across the business models to highlight the strengths of the business model in a variety of scenarios. However, a correct expansion plan is of utmost importance as gradual growth and planning are important to sustain and manage growth considering the importance of correct logistics and material management, organizational support and observation and support from the HQ to the units etc., which are crucial for the growth of the business model. India has been one of the late bloomers in the field of Franchising and Organized restaurant industry both and this has been more of a blessing for the market dynamics as the factors like economy and society development has taken major leaps only in the past two decades and eating out has evolved a lot. The Indian Growth story largely loses its shine to the fact that the brands that are opting for Franchise route for their expansion are either locally run stores with a considerable home market value or brands that have ambition and uniqueness of concept but are not at all financially ready to take the required steps. Important aspects of franchise marketing like branding and organizing resources to display the franchise opportunity on a more practical and real way. The whole idea of franchising is just to make more money in India by way of Franchise Fees and post-sales support and organizing operations is still a distant reality for India and the considerably small number of brands that do so have achieved unmatched success and growth through this excellent medium of expansion. In conclusion, the first generation entrepreneurs who want to enter the industry in a correct way with genuine serious efforts made behind developing brands and business models is what makes the franchise opportunity worthwhile. The business owners need to have more faith in the business model and should be able to stick around a little longer to give the franchisee unit holders what they want to run their units successfully. 27JULY 2016
  • 30. 28 JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 Today, because of rapidly changing demands for online market, it is very challenging to create a big fortune in IT field. Along with providing a wide range of services, simplifying the complex situations is the major barrier of the IT services. With the gigantic goals and highly passionate nature, Evisipro has emerged as a leading company in IT services. Evisipro was formerly known as evision which started back in 1999. Till 2007, company’s main focus was on engineering services, but since 2007 Evisipro is continuously adding value across industries by leveraging domain expertise in IT services and Engineering services. The Creator of Evisipro Yogesh Arjun Ghorpade, Founder and Managing Director of Evisipro Solutions has 21 years of experience which helped him to bring this company on the road of success. His various expert areas of Software Development include Software Architecture, Designing and Enterprising Mobility. Yogesh developed skills like CAD, CAE, PLM and Experimental Stress Analysis, which are the foremost applications in Engineering. The peak of discipline he achieved while working with corporate giants like Siemens, Bharat Forge, Virgo (Emerson) can surely be seen in his creation of Evisipro. Yogesh not only mastered different skills in the industry, but he also successfully applied them in the welfare of Industries. Yogesh along with the Evision’s team successfully delivered huge data conversion 2D to 3D of a large missile program in the Evisipro: Leveraging Versatile Expertise to Deliver Innovative Solutions Yogesh Arjun Ghorpade Founder & MD
  • 31. 29JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 their business development. These SaaS based solutions are highly cost effective, easy to use and offering complete business management tool for the customers. Principally same but varying applications across industries make these solutions fit in entire Retail umbrella; Ex. Hospitality, Spa-Salon, Nails, Apparel, Groceries, etc., Healthcare, Construction, Manufacturing, Social and Education. Evisipro’s main motive of this unique strategy of treating each Enterprise as a Brand is to make them independent of any third party solutions; so to deliver freedom in the operations as long as they are in the business. Evisipro’s advanced tools also help Enterprises with intelligent business analytics. Evisipro is one of the rare organizations who believe in strong value system. ‘These values run in the blood of our organization and this has become the very culture of Evisipro’, they claim. Paying respect to everyone, every situation and thinking of the positive irrespective of ill or crisis situations are the qualities which allows them to dream big. Integrity, transparency in every transaction, customer satisfaction, flexibility and consistency in self-improvement are the key values of Evisipro. Evisipro’s deep domain expertise in various kinds of Industries is always leveraged while dealing with complex business problems. They accurately identify the business complexities, Defence Industry in 2 years’ time. Also, he participated in some of the notable engineering programs like The Hydrogen Fuel Cell program, The Geostationary Satellite program and The Stairs Climbing Robot. During Siemen’s tenure, he worked in the core product development team of world's leading PLM software - Team center for 9.5 years. He was the part of varied projects from Aerospace, Automotive and Space Research Industries. Furthermore, Yogesh contributed to Finite element analysis and motion analysis in the Nuclear Energy program. And with Mobile First Enterprise Solutions (with ESPL) where he was an architect and designer of a wide range of W/M Solutions solving complex business problems evolving marketplaces in healthcare, hospitality, malls, groceries, spas & salon, nails, construction, education. Paramount Services IT Services- Evisipro provides end-to- end solutions to Web Applications, Mobility & Enterprise Mobility, Digital Marketing, Testing & Automation, Portal Management Services and Third Party integrations. Proprietary SaaS based Solutions- Evisipro manages to provide 3 Tier Business Development for Hospitality, Retail, Construction, Beauty and Entertainment Industries. It also delivers DPS&DIS in healthcare and RF/RFID based solutions in Manufacturing, Process, Construction, Retail,etc. Products and Platforms- With the highly expertise solutions, Evisipro provides Moodifoody, IDOJ, Medi-9, Goeogo, fb_all, techedutube, Toffsociety, Edu-9, Commt-9, Blueme, etc. Evisipro’s Unique Strategy Evisipro’s Solutions empower each Enterprise with an independent IT infrastructure helping its customers in analyze them and prepare clear 'Problem Definition’ followed by preparing competitive solution strategies using cutting edge technologies, which keep them ahead in every race. Business Application Solutions are developed, delivered and supported throughout their life- cycle by the domain experts of the industries. The company believes in creating sound IT infrastructure which is the key for enterprises in executing business agenda successfully. Foreseeing the Future While keeping an eye on the present situation, the founders of Evisipro keeps a keen vision on the future goals and forecasted challenges. Meanwhile, in labs, Evisipro has been already working on the Augmented Reality version of its products in Retail industry. These will be launched towards the end of 2016. As Evisipro is coming from strong experience in engineering domains it has a robust base which is fully applied in delivering Projects and Building Solutions. Evisipro started contributing to the SMAC ride of IT since 2013. Since then, it successfully delivered many projects and end-to-end solutions in different industries. Continuing the same philosophy of working within latest technologies, Evisipro sees delivering quality projects in the areas like IoT, Enterprise Mobility and Big Data Analysis across the industries solving more and more complex business problems. Future growth in IoT, Artificial Intelligence, Augmented Reality and their applications in real world helping tremendously in sophisticating the world around us. A lot of applications of these technologies in mainstream industries like Energy, Healthcare, Retail, Manufacturing, and Education excite Evisipro and looks forward to make a huge technology contribution to the world. These IP protected solutions are customized according to customers’ brands so to help them building up their own brands strongly. All of these are B2B2C solutions covering all aspects from SMAC. Evisipro’s customers experience Business Growth along with genuine customer data capture and detailed business dashboard. “ “
  • 32. Today, every fast-moving company’s biggest asset is its employees, for that the most important thing is appreciation for their grueling work. In most corporate cultures, they express employee appreciation through gifting. Basically, gifts are meant to affirm relationships and enhance personal connections between clients, customers, and employees. In fact, according to the Promotional Products Association International, gift giving has proven to increase business activity. Gifts can be available through Retail Catalogs and Store Purchases, but when it involves multiple people or booking an experience, handling everything on your own can quickly become complicated. You may try to buy direct from manufacturers, talk to incentive representatives, or engage the services of companies. This is where Giftxoxo comes into the picture, whose business organizes experience gift boxes and customized gift baskets. When exploring the possibilities for gift giving in your office, don't get overwhelmed. Use the expert advice from professional gift giving companies to give wisely, create a better work environment, and keep your employees happy. Nreach Online Services, the parent company works under two brands - Giftxoxo and Frogo. The essence of Giftxoxo: Pioneers in Gifting Unique Experiences Manoj Agarwal Co-founder The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 30 JULY 2016
  • 33. Manoj Agarwal, Co-founder of Giftxoxo, is a Computer Science Engineer from PEC Chandigarh and an MBA from IIM Kozhikode. Manoj brings over 10 years of experience in Technology, Product, Marketing and Business Excellence to the table. He has worked with companies like Yahoo, Manipal Education and Flipkart in various roles. Manoj has been always active in promoting the spirit of entrepreneurship in India. His wanderlust led him to explore different places of the world and how different societies follow its beliefs and the way of life. Manoj’s greatest enthusiasms are sports, yoga, reading and music. Considering Technology as a Key Enabler to Business Giftxoxo is a strong believer in how technology can disrupt complex business problems and make it very simple for various stakeholders. However, technology should solve real business and consumer needs. They consider technology as a key enabler to business, and not the business itself. Hence all their technology focus is to solve basic consumer and business problems instead of doing any fancy the company lies in providing curated experiences and activities to the consumers. Giftxoxo is one of the pioneers in experience gifting in India. The company started with experience gifting in 2012, and later in 2014 added a SaaS platform which helps companies engage with their employee and other stakeholders through a seamless platform. Today, Giftxoxo work close to 700 global organizations to handle their rewards, recognition, employee engagement, and channel incentive programs. Giftxoxo offers over 4000 unique experiences and activities across categories like Travel, Adventure, Gourmet, Health & Wellness, Hobbies & Learning. These services are seamlessly integrated through technology platform to ensure high quality and automation to manage catalog, inventory, scheduling and bookings. In 2015, Giftxoxo also started their consumer centric mobile app and website Frogo, which helps one discover and book amazing experiences on the go. Giftxoxo cater to consumers who are looking to enrich their lives with exclusive and curated experiences. Their consumers are the ones who are looking for quality and uniqueness in an experience. Their consumers are not the ones who look for a discount. Giftxoxo is very focused on bringing an awesome consumer experience through strong technology and operational excellence. stuff which may not be a real consumer need. The company keeps investing in technology as long as it serves a real need. Culture of Innovation and Collaborative Working The company is as good as its team. Their team is one of their key strengths and their pillar to success. They have built a good team and today, have a good senior and middle management team to take the growth to the next level. They have a culture of innovation and collaborative working. Team contributes a lot in various strategic decisions and brings lots of new ideas to the table. The experience and activities industry has come a long way since they started in 2012. “ I remember that most suppliers or consumers hardly understood the concept of experience then. And see now, there are so many companies, large and small, who are betting big on this idea,” affirms Manoj. Consumers are looking for unique and curated experiences for various reasons. Suppliers are well aware of the fact that by providing unique experiences to their customers they can differentiate themselves from the competition and also earn better margins. Hence, overall the ecosystem is building up very well. Giftxox is upbeat about this growth and being one of the first movers in this sector, they have been growing well. The company feels proud that they are bringing lots of technological and operational excellence in this unorganized sector. We have been very progressive on leveraging technical capabilities and have invested well in bringing automated solutions and seamlessness “ “ JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 31
  • 34. India Is Becoming the World’s Fastest Growing Startup Ecosystem n recent years, the Indian startup ecosystem has really Itaken off and come into focus on its own-driven by factors such as massive funding, consolidation activities, evolving technology and a burgeoning domestic market. The numbers are depicting-from approx. 3000 startups in 2014 to a projection of more than approx. 11000 by 2020, this is surely not a passing trend. It’s just a revolution. And in India, it’s will change the way the markets are working today. Disruptive Startups from India A lot of startups in India have entered in the industry either unearthing an entirely new market or through gaps in existing markets or product lines. Although there are various successful startups that are growing rapidly and changing how an existing industry works in the process like Paytm, Redbus, InMobi, Housing.com, Zivame, AdPushup to name a few. This listing is not only exhaustive but it also serves as an appetizer for delving deep into the world of the Indian startup ecosystem which is the 4th largest on the entire planet. Indian Startup Ecosystem Enablers In India startups have given rise to more startups. Enablers, accelerators, and incubators are firms providing startups with growth advice and decision-making tools. From advising on government policies to act as market catalysts, they grow the maturity of young ventures. Enablers like iSpirt and NASSCOM brought together key stakeholders of the ecosystem including startup accelerators, incubators, venture capitalists, angel investors, support groups, technology corporations and mentors. Simply, their main aim is to provide funding and support for startups. Closing Thoughts While coming out of their difficult ruts Indian investors as well as investors abroad are becoming experimental, yet extremely well- informed decision makers. But still funding activities are the biggest driving factors in any startup ecosystem. The average valuation of an Indian startup is $2.3 million as compared to $4.2 million of an American one. 43 percent of product/digital organizations are focusing on the global market and 28 percent continue to be technology hotspots. With a 59 percent of B2C, 37 percent of B2B, and 4 percent of B2C/ B2B startups, this ecosystem Market Dashboard 32 JULY 2016
  • 35. has a lot of ground to cover in terms of securing funding. What Indian Ecosystem Gets Right Technology acquisition, customer acquisition, acqui-hiring and market consolidation are the main drivers for increase in M&A of Indian startups. With increase of momentum in M&A in India, investors are getting more exit opportunities. Startups are adopting innovative approaches to attract and retain top talent. What It Gets Wrong Indian startups are often asserted for copying foreign startups. It is seen quite often that they don’t have a proper scaling plan. There is always a need for directional efforts to help them in increasing their supportive government policies. What Other Ecosystems Can Learn From This Nowadays, startups are consolidating fast and eagerly buying other startups. Successful entrepreneurs are taking initiation to support other emerging startups by mentoring them through various channels. Young entrepreneurs are dominating the startup landscape with a larger percent of founders in the age bracket of less than 36 years. Women entrepreneurs have started becoming more prominent in the innovation economy. In the near future, listing of various startups is touted to be the next big frontier. Every day, a lot is written about funded startups, unicorns, fund raising startups, that often, cockroach startups never get the limelight, even for the right reasons. Several companies are preparing for initial share sales, but these will most likely happen in startup heavens and not in India. Today, predictions made for startups are more in number compared to the startups themselves. But the interest these few companies are generating cannot be undermined. Conclusion To summarize   in terms of revenue, growth and active userbase, entrepreneurs believe that they have done a fair job despite being a bootstrapped / self-funded and are already ahead compared to many funded startups in this space. The fast growing product and startup ecosystem in the country provides a platform to engage with thought leaders in the product space and discuss issues of common interest. One can only wonder what these funded competitors have been doing whose growth, revenue and active userbase is quite low. The pressure of investor is already mounting on a few who are ‘globally expanding to Malaysia, Indonesia’ for namesake! It is clear that they must be struggling to raise their next round of funding. Vanity metrics can only get them so far. Market Dashboard 33JULY 2016
  • 36. Through digitization, the world has been stepped up for years now; despite that, it might be surprising to step back and gaze at how hard copies of our work have changed into something like digitizing everything. There are digital companies who will take control of your business’s online marketing with their unique style of solutions side by side, they help you to generate more leads, win more business and obtain more customers. iLeadFarmers is the first digital agency across the globe that covers end-to-end marketing for companies in the technology space through this age of digitalization. The company initiated their online platforms with designing & developing websites, & collaterals that magnify & portray a brand through its overall positioning within its target markets. Followed by a project of generating leads for a business through their unique approach of account profiling fused with storytelling. Tailor made for the human inside of a professional. The company’s highly specialized UI and UX team of Experience Design undertake projects for designing and developing User Interfaces and User Experiences for products that are at the threshold of technology innovation. Starting with consulting, strategy, road- mapping to implementation, iLeaders have developed the prowess to work as an indispensable strategy for technology companies in defining iLeadFarmers: End-To-End Marketing in The Technology Space Shashi Sudhanshu Founder & CEO The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 34 JULY 2016
  • 37. certification and punching time-sheets at MNCs, was not success, The knowledge and experience I gained over the years while working with companies across the globe, to create a platform to share with others, was the real success for me. My capabilities of continuous learning & unlearning form anybody & everybody is my success.” “We are Storytellers” The company has positioned themselves as Storytellers, because they believe stories travel faster than light in a mind and relate to audiences. Aligning a company’s objectives with its portrayal through apt messaging, designs & positioning is as important to them, as is growing revenue. They hone of a team which is par excellence and is delivering direct business ROIs to their clients. Technomarketers who chooses not to code - that’s what they are. They’ve built their foundation on and around technology. And the same, is inculcated within their hiring methodology. iLeadFamers promotes a learning environment, incultating a deep sense of business understanding and acumen. With the skills iLeadFarmers have built, they are working on hi-tech IoT and never seen before customer experiences. Inspiration behind Every iLeader Shashi Sudhanshu, Founder & CEO of iLeadFarmers founded the company in 2009 after leading 5 different companies from the Tech Industry varying from less than $5 million to $500 million annual revenue. His knowledge of B-School, significant experience in management consulting and corporate leadership in multiple domain, tech expertise gained at IT companies, international exposure to handle front end business face and above all passion towards doing something different was the foundation of his entrepreneurship venture. Prior to iLeadFarmers, Shashi has worked with P&O Nedllyod as a Business Analyst, Sr. Business Analyst at Mearsk, Project Manager at HP, and Delivery Manager at Morgan Stanley. Shashi loves the simplicity at work, he is not a big follower of processes, rather he would love to go with his intuition backed up with intelligence. He is passionate about design, technology, believes in providing a platform and opportunity to young and enthusiastic minds. He loves to share his thoughts, ideas, experience with young, dynamic students who wants to be entrepreneur and had been invited as a guest speaker at IITs, Symbiosis and other BSchools of India. While throwing light on his successful journey Shashi adds, “Cracking business deals worth $20 MM is not success to me. Working in London and NewYork, Multi-color belt Six Sigma digitalization projects with the world premium software and technology gaints. Generating Value in ROI “I am working towards a vision to change the traditional way of handling Business. I am marching ahead with a practice of putting my philosophical thoughts aligned with logic and practicality into action which will eventually change the perception of marketing and design,” Shashi evinced. iLeadFarmers is nothing but a group of people, working together, in different streams, for achieving the same goal & vision. At iLeadFarmers, each iLeader understands that the key to succeed with their outcomes, is directly proportional to the expectations being set. Every iLeader at iLeadFarmers identifies who are their internal, as well as external customers. Each team member has a deep understanding of the client and keeps empathize with the fact that they have to generate value in terms of ROI. iLedFarmers is excited about the future in Storytelling & Digitalization. They've been blowing their trumpets on how Storytelling can change the way they do business through a Human-to-Human approach. Finally, the world is coming to realize the true potential Storytelling holds. The icing on the cake for ileadfarmers is fusing Storytelling with Technology and bringing forth an experience, a story, that truly complements a business in their digital transformation. Our acumen of connecting the dots between Design, Marketing, Storytelling, Technology and Business is what makes us stand proud and tall above the rest “ “ JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 35
  • 38. Ecommerce business is on the rise, as online shopping is predicted to increase more in the coming years. To stay ahead of the game or to grow their online business, entrepreneurs need to benchmark against the latest growth rates, both for overall business in a category for specific devices and then implement marketing strategies and tactics that work to achieve business goals. Ultimately, entrepreneurs need to be flexible enough to be able to adjust their newly hyper-empowered customers and have the foresight to know what trends to bet on, and which ones to sit back on. Understanding consumer demand requires tools and processes like social monitoring, customer feedback channels, and so on. Retailers and brands that do this well will gain market share quickly where their consumers are telling them they need to be. Quenching these strategies for craving the success stories of their company, three such dynamic leaders from SRM University are Vineet Neeraj, Karthik Ramaiah and Mohan Gayam, Co- founders at Kobster. Vineet Neeraj is an engineer by academic but an Kobster: Revolutionizing the Way Businesses Shop Mohan Gayam, Vineet Neeraj & Karthik Ramaiah Co-founders The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 36 JULY 2016
  • 39. corporate/industrial needs. It is a shop, or one can say a virtual shop where customers will find every product that they are searching for in front of their gadget screen that their work-place demands. They do not believe in clichés and self-promotion at all. Kobster has different teams working towards a single goal of delivering whatever client’s wanted and make their procurement job, less complicated. Technology is at the Heart of Kobster Kobster Elite is transforming the lives of procurement managers and resellers by letting them discover new products, procure at bulk, centralize sourcing, cut cost and analyze spends by intelligent reports & analytics. This platform is a gateway to a hassle free voyage to your procurement destination. It is an e-procurement tool where the client is provided with a platform to go through a never experienced ease of placing orders which could be easier than ever. Kobster Elite allows to place orders for different company locations across entrepreneur by passion. He learned his basics from companies like ArrayShield and Cognizant Technology Solutions in technical as well as sales departments. Karthik Ramaiah is a tech enthusiast and is skilled with problem solving techniques. He earned his industry expertise by working with some well- known firms such as Cognizant Technology Solutions. Mohan Gayam gained experience as a Tester in HCL Technologies and is an ardent entrepreneur whose quench for supply-chain related activities are never ending. From Idea to a Business What started as an idea in 2012 has flourished into a company called Kobster. It is a B2B e- commerce start-up which has enabled 5000+ businesses to shop online. From being incubated at PayPal’s prestigious Start Tank Programme to getting funded, Kobster today is a team of diverse young individuals with an ambition to build a great company. Vast & Versatile With a vast catalog comprising lakhs of genuine products across wide range of categories, their customers span across industries including Information Technology, Hotels, Manufacturing, Facility Management, Construction and Healthcare. Kobster is a business to business e-commerce retailer working towards the never ending quench of Pan-India and a detailed report of monthly expenses with breathtaking, simplified charts can be found which will be concentrating on the client’s understanding of expenditure in a better manner. Members of Kobster Elite get exclusive deals and offers which will be unfortunately missed by the other usual Kobster users. It is absolutely free to get a Kobster Elite account and avail a 3 step approval process from Kobster.com to get products delivered in a swish. Not Just a Thought, it’s Their First Principle The team at Kobster is driven by a strong First Principle, they believe in setting sky high expectations and pushing themselves beyond their limits to do the impossible. Team Kobster is a crazy bunch of people who not just believe that they can change the world, but they actually do! Future Outlook Kobster believe technology has a crucial part in building the future, they keep in pace with the current trends in technology and keep updating the upcoming trends in the world of technology. They are expanding their presence in Tier2 and Tier 3 cities. They are looking to tap the domain specific industries to supply them with their requirements like Hospitality industry and Medical industry. They are going to expand more and more into the B2B sector which is a billion dollar business in few years down the lane. Being the pioneer of Indian business to business E-Commerce industry, we are on a mission to simplify the sourcing needs of businesses and resellers through technology “ “ JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 37
  • 40. It is Friday 15th July 2016, 3 pm and the team at MediaValueWorks is busy putting together an international campaign strategy covering three continents, six countries, and four time zones. For this bootstrap start-up (now into its 5th year) this is a typical day at work, developing and delivering the complete range of global communications consulting, services and solutions for its growing number of Indian and Global clients. There has been an increasing pursuit on the part of Indian & Global companies to cater to international markets in search of growth, expansion and profits; and communication is at the heart of it. MediaValueWorks steps in here and by offering its consulting, services and solutions for all the requirements of the ever-growing diaspora of companies with global communication needs. The company was born with the premise of being an integrated global communications firm catering to the growing requirement of a large base of organizations seeking out business globally, here in India and across the world. MediaValueWorks: From India to the World: A Global Integrated Communications Approach Rachana Chowdhary Founder & Director The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 38 JULY 2016
  • 41. Education, Media & Entertainment and Banks & Financial Services companies. For these businesses MediaValueWorks has executed campaigns, events and programs in Nigeria, Kenya, Tanzania, Mozambique, Uganda, Zimbabwe, South Africa, Rwanda, Mauritius, UK, Germany, France, Netherlands, Belgium, Norway, Sweden, Finland, Denmark, Poland, Switzerland, Spain, Greece, Russia, Uzbekistan, Bangladesh, Sri Lanka, Hong Kong, Vietnam, Thailand, Indonesia, Malaysia, Singapore, Japan, South Korea, UAE, Oman, Qatar, Saudi Arabia, USA, Canada, Mexico, Brazil, With the experience of having executed assignments in Africa, South America, Australia, North America, Europe, Asia minor and major and having the expertise of Communications Consulting, Services, and Solutions; MediaValueWorks today is the only company in this part of the world, delivering global communications. The company has many firsts to its credit; from country specific customized media outreach programs to Digital and Online PR, in 40 plus languages to India’s first cloud based Communication Solutions platform, MediaValueWorks has the entire range of cutting-edge services and solutions for its clients. While most of its clients are Indian companies seeking and doing business worldwide, the company has a sizeable portfolio of international clients doing businesses across different geographies, both in the B2B as well as B2C space. This is manifested in the diverse range of clientele that the company has. Starting from Aviation Technology, FinTech and Enterprise Mobility to Language and Application Software Development companies in the technology sector to Luxury Real Estate companies, Dot Com startups, Telecom companies, Specialty Hospitals and Healthcare companies, Hospitality and Food & Beverage, Australia, Fiji, New Zealand to name a few, and not to forget India (pan India in over 20 states). Today the company has over 80 clients across India, USA, Singapore, Africa and Europe with its presence across India, USA, UK, Singapore, Dubai and Africa. The unique proposition that MediaValueWorks has, stems out of the fundamental core and conceptual understanding of global communications nuances, cultures, and dynamics. At the heart of MediaValueWorks are its people. The team comprises 20 members spread across eight offices in four continents. It is a diverse and multi-lingual team. “We are small, but very sharp and agile and know our craft”, says Rachana Chowdhary, the Founder & Director. The company has heavily invested in technology and believes in the philosophy of “size does not matter; substance does”. After all the company has been registering cash profits from the very second year of its inception. With an eye on high growth and future in mind, the company is embarking on an aggressive expansion plan with a presence in more markets. We offer a unique blend of an integrated communications approach which suits our Indian and global clientele; every client has a different and specic requirement, and we custom craft our services and solutions to their tailor made requirements”, says Rachana Chowdhary, Founder & Director of MediaValueWorks “ “ JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 39
  • 42. For every special celebration, cake is an essential part, because of it the party or celebration doesn’t seem to be complete. Even a small piece of cake brings an extra charm in our surroundings with lots of happiness, fun and joy, which is a best way to express your feelings towards the delightful person in your life about how much you care for them with a momentous or with a meaningful message that the cake is topped with. You can bring happiness to someone through a cake,which will definitely appear a reason for their happiness. Monginis, a popular destination for connoisseurs of all varieties of cakes, chocolates, pastries and cookies, with a commanding presence in 12 cities in India and Egypt. The cities are serviced by an effective network of 650+ cake shops through 12 manufacturing plants. Monginis offers aesthetically designed personalized cakes, photo cakes, seasonal confectioneries, snacks like puffs, rolls, pizzas, burgers and sandwiches. Monginis, for All Happy Occasions Monginis is the ‘Celebration King’ with virtually no popular or special occasion remaining outside its range. Its clients have now become habituated to celebrate all happy occasions with Monginis: The Celebration King to Deliver Happiness Mr. Zoher H. Khorakiwala Chairman & Managing Director Mr.Qusai Z. Khorakiwala Director Mr. Zoher H. Khorakiwala Chairman & Managing Director Mr.Qusai Z. Khorakiwala Director (L)(L) ( )R( )R The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 40 JULY 2016
  • 43. knows it. Moreover, the engagement & passion built in this kind of a business is unmatched. Finding the right technology has been the biggest challenge ever, however, there is always a room to optimize the various components of your strategy or approach which can turn your marketing into the more effective revenue generator. Monginis has a team of marketing specialists who constantly keeps a pace of current technology trends in the market. A well visualized map of carefully curated marketing technology resources is planned that focuses on solving the business problems. At Monginis,they have a dedicated team of IT professionals, who takes care of making available right technology that suits the business logic & functionality like implementing effective marketing automation software. The company’s analytics team does an indepth Research & Analysis of their business model to enhance the reach of their business and with the help of professionals,their IT team designs softwares & tools which smoothen Monginis cakes. Their packaged cakes division with a shelf life of 60 days is distributed through more than 1 Lac outlets across the country. Monginis website ‘www.monginis.net’ for gifting and ordering is a rapidly expanding E-commerce business. With nearly 5000 hits daily and huge army of Monginis fans on social media, the e- business is all set to go places. Monginis headquarters has a well equipped lab and has gained the ISO 22000: 2005 certification for maintaining and assuring best of the Hygiene and quality standards of their products and for their customers. Monginis creative team comes up with new innovations to engage the customer base via various activities. Mongini’s customers become habituated to such activities and expect for the next invention, which forces the team to think more and thrive. ‘Consolidation more than Expansion’ Monginis believes in consolidation more than expansion. Thus, it has always preferred to stay as a low profile Brand when it comes to Media. But, its sheer size and reach across the length and breadth of the country with its complex mix of design of perishable ‘one day shelf life products’ is Unique, differs Monginis from others. Keeping Pace with Trending Technologies The company believes that the unique and dynamic business model gives the entrepreneur a turnaround before he their daily operations. Technology is updating & expanding tremendously. To stay ahead, it is necessary to be in line with the latest technology trends. M-commerce and E-commerce are majorly spoken about as they have maximum outreach. Digital Marketing & Mobile Marketing is crucial as televisions are replaced by Smartphones and tablets. Smartphones have successfully replaced mobile to the major screen in our daily lives. The study says that “By 2017, over a third of the world’s population is projected to own a smartphone, an estimated total of almost 2.6 billion smartphone users in the world.” Hence moving forward penetration in digital masses via mobile & internet marketing for a booming business would be sketched. Monginis is a brand whose strength is trust and loyalty because of which a customer would choose to recommend Monginis products to friends or family members. Great reviews from them clearly expressed excellence of the Monginis products. Monginis team strives to collect feedbacks and recommendations from the customers to provide best possible savor. In India, it is one of its kind, reaching newer benchmarks in Operational & Logistical excellence. Monginis plans to open 6 states & 150+ cake shops in the financial year alone. Where No other brand can strike a balance between expansion & consolidation like MONGINIS. No Brand can strike a healthy Top line as well as bottom line in just one year. We focus on customer retention and the team ensures the same by delivering happiness and that's what our aim is - to deliver happiness “ “ JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 41
  • 44. With a Platform-As-A- Service or a Full Service Solution, NextGen enables partners build a secure Financial Service offering on “any mobile device”, from the original Nokia 5110 to the modern day smart phones, and take to the masses a 360 degree offering on Financial Inclusion services. Built around payments / money transfers and more, deeply and securely integrated with the mobile as a base technology platform, NextGen has included banking, wallets, cards, money transfers, bill and utility payments / top-ups supported by retailer mPOS terminals and multiple Financial Instruments into a unified service menu on a secure overlay element, affixed on an existing SIM card and used with any mobile device. Mobile network and bearer independent, it’s a one of its solution globally with this wide a service envelope on a single platform. NextGen is helping clients expand their service portfolio and penetrate untapped customer segments with a highly secure offering, integrating their secure overlay banking platform as a front end and enabling customer services on the secure overlay menu. With added capabilities of a low cost mPOS terminal for merchants / agents, enabling merchant acquisition at the lowest level, virtual debit / credit cards and full service banking on the secure overlay, this is a unique proposition to global customers. The edge of zero cost card issuance and management, enabling M-Visa and Nextgen Telesolutions: Secure Financial Services on Any Mobile Device, Network and Bearer Agnostic The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 Taron Mohan CEO Taron Mohan CEO 42 JULY 2016
  • 45. “secure overlay” and “contactless” financial services solution, enabling secure financial services on any mobile device, network and bearer agnostic. “It’s this ecosystem that we’re trying to change and disrupt… enabling everything on a mobile device and making this the center of all data storage and transaction initialization, with multiple financial instruments hosted on this unified interface.” says Taron. Their services don’t stop here - they’re providing advanced banking grade security using private / public encryption keys, EMV / 3DES security and encryption, contactless capability for instant, low cost micro payments, a self-service and an assisted service model / menu offering, enabling low cost mPOS terminals on the same hardware - regular and contactless, virtual card issuance - zero cost card management for the issuers, Customer “pull” / Merchant “push” payment capabilities with a user alias, added security in transactions, Banking, wallets, money transfers, bill payments, top-up, cards and more on the same platform. Catering to both user segemenets - an existing company, wanting to bring on additional capabilities for their customers or a new company wanting to start afresh on everything, they help MasterPass as a contactless solution on any device is futuristic and a roadmap for expanding financial services at the bottom of the pyramid. Adding the 2 Factor Authentication (now 3 factor) for online / mobile payments without the SMS based OTP, secure tokenisation of customer ID mapped to Aadhaar#, cards / bank accounts or any other digital identity, enhances transaction security. EMV capability with Contactless Payments on any mobile device brings in a lot more capabilities to the service envelope. Venturous behind NextGen Taron Mohan, CEO of NextGen Telesolutions, a dynamic entrepreneur, graduated in Engineering from IIT Delhi. From building engineering products which included music systems to Air-jet weaving looms for Mafatlals, to backpacking across Europe in a princely sum of USD 1000 for 6 weeks which included a Eurail pass, food and stay, he graduated to set up the country’s first precision sheet metal fabrication facility for the electronics, communication and telecom industry. In 1994, he moved into cutting edge CAD / CAM services for the sheet metal industry. Later than he came in the mobile boom and set up the country’s first mobile VAS service company - Phoneytunes.com. Next, he dabbled a bit into HD Glass Free 3D screens for mobile devices / laptops / PC screens in partnership with a laboratory in Korea and also Green power solutions for Telecom Towers. Unfortunately, he could not move in well into these and then moved into building and enabling secure payments on mobile devices - looking at the ecosystem differently and as a technology solution, breaking the regular moulds of the banking industry. This is where he build this add a new service avenue to help clients tap an uptapped and yet a very large customer base for secure financial services. NextGen has built a lot of innovation and unique design features into their solution to make it unique, disruptive, different and future proof. This approach enabled them innovate with the solution and take to the industry a product offering meeting or exceeding their current service requirements. NextGen’s next development on enabling any mobile device become a secure contactless terminal for Merchants and the capability to upgrade any mobile device to a contactless device, with EMV certifications, further broadens the scope of a fully digital ecosystem for payments. We can replace any Visa / Master Card / Rupay card virtually on a secure microSD card, thereby, working towards a 100% virtual ecosystem for payments. The company enjoys learning and working with the banking sector - handling multiple banking switches, encryption and data security at the lowest end of the mobile devices and then building an easy to use interface for their partners to use. Most Secure and Affordable Ecosystem By bringing wallets and direct integrations with cards and banking services at every user mobile device, NextGen hopes to bring about a change in the way consumers transact at any point. A major factor to enabling these services at the lowest end of the pyramid is the capital cost and the operational costs for the services. This is our strength and we’re expanding on this - building an extremely low cost ecosystem for merchants and consumers for secure transactions at every transaction point. Working not as a banking solution provider, but more as a “Fintech Solution provider”, we brought in a lot of integrations which are different, yet imperative to help grow the overall Financial Inclusion ecosystem “ “ JULY 2016 The 20 Fastest Growing Companies 2016 The 20 Fastest Growing Companies 2016 43
  • 46. Effective Growth Strategies for Small Businesses Effective Growth Strategies for Small Businesses very businessman wants a growth in Etheir business, whether it is small or medium scale business. Most of the businessmen are successful in it, with the way they implement for maintaining the revenue of the business. But how do you scale your business? There are few strategies for small business growth that have been implemented by successful businessmen again and again. And these are the basic growth strategies for all businesses - without any restriction of space, area, or the type of an industry, that can follow to generate new revenues. No matter from which industry you are, from Google, Microsoft or a small scale industry these growth strategies are useful to achieve higher levels of success. I cannot say that each strategy will come without any risk, that’s why we call them businessmen backers. They do it with the right planning, proper implementation, and right team selection, which are the key factors to grow their business. Below are the strategies for you: 1. Improve Your Product Offering something unique or different products or services than others will help you to grow your business. For an instance, think about Nike brand who adds some new features to its sneakers to improve them. And what about Reebok? Did anyone really need sneakers with a pump in the tongue when they debuted back in the 1980s? Definitely not, but improvements are raised sales of nike, because people chose Reebok Pump sneakers, still they made a comeback in 2015 as the ZPump Fusion. Ask Yourself: How can I improve my current product or service to make it superb? What characters can I increase which will differ my product or service? Can I try any new marketing strategies to attract my customers to reach, that they don’t know before that? 2. Widen Your Audience Second strategy to upgrade your small business is to further enlarge the market you operate in by getting customer outside of your available target audiences to begin choosing your product or service. Remember when Buick needed to appeal to teenagers and diverse audience? The firm recruited Tiger Woods to appear in their commercials. Ask Yourself: How do I change or modify my marketing strategies and messaging ways to appeal new audiences? Where can I advertise my product or service to draw attention of new audiences? What do new audiences require from a product or service like mine, and does my product or service provide that? Or do I need to improve your existing product or service? Business Spotlight 44 JULY 2016