Knight Frank Appoints Sharad Agrawal as Executive Director, Capital Markets in India

Knight Frank India, one of the leading International Property Consultants, inducts industry veteran Sharad Agrawal as Executive Director, Capital Markets. Sharad comes with over 20 years of experience in Investment Banking, Capital Markets and Coverage experience with a strong focus on real estate funds, banks, and fund of funds. He has worked across geographies and real estate segments on a variety of transactions such as structured/project finance, Land acquisition, offshore financing, SEZs, etc., he has over the years developed strong relationships with local and global financial institutions, rating agencies and portfolio company management teams. He has a strong understanding of Capital Markets and has worked with lenders across foreign banks, PSU banks, NBFC’s and mutual funds as well.

In his role at Knight Frank, Sharad Agrawal will lead a talented and experienced team of professionals and will be responsible for strategizing and executing capital markets deals across including fundraising, partner search, joint development, joint venture, equity partnerships, structured financing, debt syndication, etc. He will be based out of the Gurugram office and will report to the Chairman and Managing Director, Shishir Baijal.

“India is witnessing a structural shift in operations across industries, especially in the real estate sector owing to meaningful interventions by policymakers, real estate and the banking regulator. This has made India an attractive avenue for foreign capital inflows. The first successful listing of REIT is a testimony to this. In light of this dynamic scenario, our Capital Markets business solutions become an important driver. Sharad’s appointment is key to our strategy in discovering new growth avenues and providing a new dimension of our presence in the industry.” said Shishir Baijal, Chairman & Managing Director, Knight Frank India.

Speaking on his appointment, Sharad Agrawal said “I am extremely excited to be part of Knight Frank, a global organization which offers a compelling platform to build and grow the capital markets business in a rapidly changing environment. I am looking forward to creating value for the organization and for our esteemed clients and scaling the business to new heights.”

Elite Elevators Unveils First Thyssenkrupp Home Elevator Experience Center in Bangalore

 

Thyssenkrupp, in association with Elite Elevators, has launched its First Home Elevator Experience Center in India on 8th May 2019. This showroom is for all the prospective and existing clients to experience the look and feel of their exclusive products. The company sold 200 units last fiscal and expects the growth to reach 300 units by the end of this fiscal.

Thyssenkrupp has introduced the concept of Home Elevators in the Indian market. Since there are no set standards for Home Elevators in India, therefore all their elevators follow European Safety codes and go through 194 different parameters of safety. As opposed to commercial lifts, Thyssenkrupp home elevators require no pit (just 100mm) and no headroom space. These lifts operate on single phase power supply and require no oiling and lubrication on rails, which reduces the maintenance cost to minimal. Moreover, all their home lifts are certified by third-party organizations post installation, which imprints the safety standards they follow.

The inauguration of showroom at Prestige Meridian, Bangalore, was done by Mr Andrew Warbrick, Managing Director, Thyssenkrupp Access Ltd. This showroom will cater to both sales and after-sales services. The one-of-its-kind experience center has been designed as per Krupp's global 'Blue Cube' design language for showrooms.

Live demonstration of all their products is available at the showroom, for all the prospective clients. HE300, their premier model runs on cogged belt has an innovative belt-driven technology unlike the conventionally used ropes, chains or piston. This not only reduces the maintenance cost, but also improves the lifespan of the elevator. In accordance with above features, each HE300 lift is certified with Safety Integrity Level 3, which is the body that certifies safety of nuclear plants. Addressing the launch Press Conference Mr. Vimal Babu, National Sales Head, Elite Elevators said, "ThyssenKrupp Access has always been a trendsetter in home elevator industry; this elevator is destined to change the face of elevator market in India."

This experience center also showcases their award winning Flow 2A stair lift, which too is functional for users to check how it operates. One will be amazed by the patented 'swivel technology' which is used in these chairlifts. As mentioned by Mr. Vimal Babu, "The sole purpose of launching this experience center is to give our customers the first-hand look and feel of our products." This is the first step in Thyssenkrupp's endeavour to expand its presence across country. Elite Elevators is planning to launch multiple such experience centers across India in near future, where one can easily step into the World of Home Elevators.

About Thyssenkrupp Access Ltd.:

Thyssenkrupp is a 200+ year old German goliath, with its wings spread across multiple sectors like automobile, steel, elevation, etc. They generate revenue of around $44 billion annually and are pioneers of technology and innovation in multiple sectors. In 2018, Thyssenkrupp officially established themselves as No. 1 Home Elevator selling Company. Established in 2002, Thyssenkrupp Elevator (India) installs, maintains and modernizes elevators and escalators in India and Bangladesh. They have a strong presence in various segments, such as residential, office and infrastructure.

TVS Motor Invests US$3.85 M in TagBox as Part of Series A Funding

TVS Motor Company has invested US$3.85 Million in TagBox, a supply chain IIoT and Machine Learning platform company as part of its Series A funding round. This round was entirely led by TVS Motor Company Limited and its Singapore based Subsidiary, TVS Motor (Singapore) Pte. Limited

Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor (Singapore) quoted “We evaluated many companies providing IoT solutions in the Supply Chain and logistics space and found TagBox’s product offerings and solutions to be an unique blend of IoT, Machine Learning and close-loop AI. Their ability to help organizations monitor, predict and prevent SKU health risk in the supply chain is a clear differentiator. We are happy to invest in and strategically partner TagBox as they continue to pursue bottomline impact for Fortune 1000 companies by improving their supply chain processes while leveraging them for our own group businesses. Our current investment in Tagbox is part of the initial set of investments being made in strategically relevant digital startups.”

“Organizations across the globe are increasingly adopting IoT and Machine Learning solutions to improve their supply chains and operations. We are excited that TVS Motor’s worldwide operations and experiences will help make our product and value proposition stronger and highly differentiated”, said Adarsh Kumar, CEO of TagBox. Adarsh further added, “We have already delivered ROI from our IoT based predictive insights solutions for leading Retail, E-commerce, Pharma, F&B, Dairy and Manufacturing companies in India and APAC. We believe it is now time to scale our product globally.”

TagBox plans to use the funds to strengthen product innovation and R&D while expanding its global footprint. TagBox will continue to invest in their BoxLens and AssetLens platforms and develop new predictive analytics and automation solutions to solve various customer use cases.

upGrad Sees 6X Increase in Gross Revenue in a Span of 2 Years; Targets Over Rs 250 Crore Revenue in FY20

upGrad witnessed a 113% jump in its gross revenue from Rs 57 crore in FY 18 to Rs 121 crore in FY 19. The robust financials have helped upGrad to consolidate its position as the largest online higher education company in the country, basis gross revenue generated from Indian market in just 3 years of its operations.

With a learner base of over 300K, upGrad saw a strong uptake for its educational courses from working professionals as well as corporates. The company expects to cross Rs 250 crore gross revenue in FY 20, with a significant contribution from its college business, which is expected to grow 15X.

Currently upGrad has a strength of over 400 employees and plans to add 100+ employees in FY 20. The company has strengthened its senior leadership team with an aim to capitalise on the potential opportunities in the online education sector. With over 16 years of experience across corporate & retail banking, consumer internet / e-commerce and fintech, Abhishek Arora has joined upGrad as the Chief Business Officer – Consumer Business. The company has also brought in Kushal Dev Kashyap from Byju’s to Head Direct Sales and with 18 years of experience Tanya Ahluwalia joins as Vice President - Brand Marketing.  Rahul Karthikeyan, who was earlier with Wavemaker, has joined as the Head of Digital Marketing.


During FY 19 upGrad took several steps to democratise education and skill building in India:

·         Consolidated its position as a leading company in the online learning space with the aqui-hire of Acadview’s team

·         Launched first ever skill building and learning programme for college students, helping them to take the first step towards building their careers

·         Partnered with HDFC Life Insurance to introduce a comprehensive Post Graduate Program in Life Insurance, with 100% job guarantee on successful course completion

·         Introduced first of its kind fully online Master’s Degree Program in Data Science in India in collaboration with Liverpool John Moores University (LJMU)

Ronnie Screwvala and Mayank Kumar, Co-founders, upGrad, said, “Lifelong learning, that can have a tangible impact on career, is the new mantra and the need of the hour for all working professionals; Online education offers these professionals a platform to upskill at their own convenience. Over the last two years upGrad has grown over 100% every year, which further establishes the scope and opportunity for digital learning in India. upGrad has developed a holistic digital education experience for working professionals and college students for upskilling and reskilling. We will continue this growth momentum and are particularly excited with the potential in the college segment.”

upGrad widened its communication reach with marketing spends of over Rs 100 crore to launch a marketing campaign and roped in Vicky Kaushal as the brand ambassador.

Since its inception upGrad has introduced 35 programs in the areas of data science, technology and management and has a paid learner base of 13K. upGrad learners have witnessed ~46% increase in their salaries post compleition of programs. It has partnered with leading academic institutes like BITS Pilani, IIIT-Bangalore, Cambridge Judge Business School of Executive Education and MICA to develop its course content. The company has collaborations with some of industry’s best like Google, Flipkart, Gramener, Oyo to create a cohesive and practical learning experience.

Linux Experience Opens to Every Enterprise, Every Cloud and Every Workload with Red Hat Enterprise Linux 8

From bare-metal servers and Linux containers to public and private clouds, the world’s leading enterprise Linux platform drives new levels of intelligence, automation and developer productivity, delivering a more consistent business foundation

Red Hat, Inc, the world's leading provider of open source solutions, today announced the general availability of Red Hat Enterprise Linux 8, the operating system designed to span the breadth of deployments across enterprise IT. For any workload running on any environment, Red Hat Enterprise Linux 8 delivers one enterprise Linux experience to meet the unique technology needs of evolving enterprises. From deploying new Linux workloads into production to launching digital transformation strategies, the next-generation enterprise is built on top of the world’s leading enterprise Linux platform.

Red Hat Enterprise Linux 8 is the operating system redesigned for the hybrid cloud era and built to support the workloads and operations that stretch from enterprise datacenters to multiple public clouds. Red Hat understands that the operating system should do more than simply exist as part of a technology stack; it should be the catalyst for innovation. From Linux containers and hybrid cloud to DevOps and artificial intelligence (AI), Red Hat Enterprise Linux 8 is built to not just support enterprise IT in the hybrid cloud, but to help these new technology strategies thrive.

As the importance of hybrid cloud and multicloud deployments grow, the operating system must evolve as well. According to IDC[1], 70 percent of customers already deploy multicloud environments and 64 percent of applications in a typical IT portfolio today are based in a cloud environment, whether public or private. Red Hat views the operating system as the keystone to this IT innovation and more, especially as Red Hat Enterprise Linux is poised to impact more than $10 trillion in global business revenues in 2019[2], according to a Red Hat-sponsored IDC study.

Red Hat Enterprise Linux 8: Intelligent Linux for the hybrid cloud
For more than 15 years, Red Hat has helped enterprises innovate on Linux, first in their datacenters and now across the hybrid cloud. As datacenters grow in scale and scope and workload complexity builds, the skills required to deploy and maintain Linux-based production systems become increasingly critical. With the announcement of Red Hat Enterprise Linux 8, this intelligence and expertise is now built-in to Red Hat Enterprise Linux subscriptions by default with Red Hat Insights, delivering Red Hat’s Linux expertise as-a-service.

Red Hat Insights helps proactively identify and remediate IT issues, from security vulnerabilities to stability problems. It uses predictive analytics based on Red Hat’s vast knowledge of open technologies to help administrators avoid problems and unplanned downtime in production environments.

Managing systems dispersed across a variety of on-premise and cloud-based infrastructure can present a significant challenge to IT organizations. Red Hat Smart Management, a layered add-on for Red Hat Enterprise Linux, helps IT teams gain the benefits of hybrid cloud computing while minimizing its inherent management complexities. Combining Red Hat Satellite for on-premise systems management and cloud management services for distributed Red Hat Enterprise Linux deployments, Red Hat Smart Management provides rich capabilities to manage, patch, configure and provision Red Hat Enterprise Linux deployments across the hybrid cloud.

Red Hat Enterprise Linux 8: Blazing a faster path to modern applications
To meet evolving business demands, IT organizations are looking to new workloads, from artificial intelligence (AI) to the Internet-of-Things (IoT), to drive competitive advantages in crowded marketplaces. Linux provides the innovative muscle to power these differentiated services, but only Red Hat Enterprise Linux 8 delivers this innovation along with a hardened code base, extensive security updates, award-winning support and a vast ecosystem of tested and validated supporting technologies.

Red Hat Enterprise Linux has always been known as a stable and secure foundation for applications. However, in the past it was hard to get the most up-to-date languages and frameworks that developers wanted without compromising that stability. Red Hat Enterprise Linux 8 introduces Application Streams - fast-moving languages, frameworks and developer tools are updated frequently in this stream without impacting the core resources that have made Red Hat Enterprise Linux an enterprise benchmark. This melds faster developer innovation with production stability in a single, enterprise-class operating system.

Red Hat Enterprise Linux 8: Introducing a world of opportunity for everyone
Linux continues to be the number one operating system for developers building the next generation of enterprise applications. As these applications move into production, stability, enhanced security and testing/certification on existing hardware and environments become paramount needs. This shifts the onus from developers to operations teams and, paired with the trend of Linux being looked to as a primary platform for production applications, makes Linux administration and management skills critical for modern datacenters. Red Hat Enterprise Linux 8 is designed to lower the barrier to entry for Linux, enabling greater accessibility for Windows administrators, Linux beginners and new systems administrators without fear of the command line.

Red Hat Enterprise Linux 8 abstracts away many of the deep complexities of granular sysadmin tasks behind the Red Hat Enterprise Linux web console. The console provides an intuitive, consistent graphical interface for managing and monitoring Red Hat Enterprise Linux system, from the health of virtual machines to overall system performance. To further improve ease of use, Red Hat Enterprise Linux supports in-place upgrades, providing a more streamlined, efficient and timely path for users to convert Red Hat Enterprise Linux 7 instances to Red Hat Enterprise Linux 8 systems.

Red Hat Enterprise Linux 8 also includes Red Hat Enterprise Linux System Roles, which automate many of the more complex tasks around managing and configuring Linux in production. Powered by Red Hat Ansible Automation, System Roles are pre-configured Ansible modules that enable ready-made automated workflows for handling common, complex sysadmin tasks. This automation makes it easier for new systems administrators to adopt Linux protocols and helps to eliminate human error as the cause of common configuration issues.

Red Hat Enterprise Linux: Enabling the world of possibilities without sacrificing security
IT innovation is rooted in open source, with Linux often serving as the catalyst for major advancements in enterprise technology, from Linux containers and Kubernetes to serverless and AI. Backed by a more secure, hardened open source supply chain, Red Hat Enterprise Linux 8 helps pave the way for IT organizations to adopt production-ready innovation by deploying only the necessary packages for specific workloads. This enhances the adoption of emerging technologies while helping to minimize potential risk.

To enhance security, Red Hat Enterprise Linux 8 supports the OpenSSL 1.1.1 and TLS 1.3 cryptographic standards. This provides access to some of the strongest, latest standards in cryptographic protection that can be implemented system-wide via a single command, limiting the need for application-specific policies and tuning.

With cloud-native applications and services frequently driving digital transformation, Red Hat Enterprise Linux 8 delivers full support for the Red Hat container toolkit. Based on open standards, the toolkit provides technologies for creating, running and sharing containerized applications. It helps to streamline container development and eliminates the need for bulky, less secure container daemons.

Every datacenter. Every cloud. Every application.
Red Hat Enterprise Linux 8 drives a thriving partner ecosystem, as is expected of Red Hat Enterprise Linux, encompassing thousands of certified applications, Linux container images, hardware configurations and cloud providers. Building on the deep collaborations forged by Red Hat with other IT leaders and through extensive testing, Red Hat Enterprise Linux 8 drives added value for specific hardware configurations and workloads, including the Arm and POWER architectures as well as real-time applications and SAP solutions.

Red Hat Enterprise Linux 8 forms the foundation for Red Hat’s entire hybrid cloud portfolio, starting with Red Hat OpenShift Container Platform 4 and the upcoming Red Hat OpenStack Platform 15. Also built on Red Hat Enterprise Linux 8 is the forthcoming Red Hat Enterprise Linux CoreOS, a minimal footprint operating system designed to host Red Hat OpenShift Container Platform deployments.

Red Hat Enterprise Linux 8 is also broadly supported as a guest operating system on Red Hat hybrid cloud infrastructure, including Red Hat OpenShift 4, Red Hat OpenStack Platform 15 and Red Hat Virtualization 4.3.

The launch of Red Hat Enterprise Linux 8 also coincides with the general availability of the Red Hat Universal Base Image, a userspace image derived from Red Hat Enterprise Linux for building Red Hat certified Linux containers. The Red Hat Universal Base Image is available to all developers with or without a Red Hat Enterprise Linux subscription, providing a more secure and reliable foundation for building enterprise-ready containerized applications. Applications built with the Universal Base Image can be run anywhere with the benefits of the Red Hat Enterprise Linux life cycle and support from Red Hat when run on Red Hat Enterprise Linux or Red Hat OpenShift Container Platform.

Press webcast
Red Hat will host a press conference live from Red Hat Summit at 11 a.m. EDT on Wednesday, May 8. Following remarks, press and analysts are invited to participate in a live question and answer session.

To register for the press conference or view the replay after the event, visit https://onlinexperiences.com/Launch/QReg/ShowUUID=45D50AF9-7E2C-4F8C-8606-B85EBDA927AC

Supporting Quotes

Paul Cormier, president, Products and Technologies, Red Hat

“Over the past two decades, we’ve seen Linux grow from a niche operating system to a default for enterprise datacenters. Red Hat Enterprise Linux has been at the forefront of this evolution, supporting nearly every workload and enterprise IT environment that our partners and customers can conceive. Red Hat Enterprise Linux 8 continues this work, but delivers more than just production-ready Linux; it provides a catalyst for innovation at cloud-scale. ”

Stefanie Chiras, vice president and general manager, Red Hat Enterprise Linux, Red Hat

“Innovation and Linux are inseparable - from building the Internet’s backbone to forming the first neurons of AI, Linux drives IT’s present and future. Red Hat Enterprise Linux 8 embraces the role of Linux as IT’s innovation engine, crystallizing it into an accessible, trusted and more secure platform. Spanning the entirety of the hybrid cloud, the world’s leading enterprise Linux platform provides a catalyst for IT organizations to do more than simply meet today’s challenges; it gives them the foundation and tools to launch their own future, wherever they want it to be.”

Fabio Martinez, senior manager, Architecture & Global Deployment, BBVA

“As we work to digitally transform our company to provide more services faster to our customers, we still need to have a stable, more secure operating system underpinning our IT environment. Red Hat Enterprise Linux 8 emphasizes providing innovation along with hardened code and security updates, key characteristics for us as we build our cloud-native strategy with Red Hat’s hybrid cloud technologies, including Red Hat OpenShift Container Platform.”

Jim Nauer, IT engineer, Case Western Reserve University

"Red Hat Enterprise Linux 8 Application Streams will allow us to provide our researchers an OS platform with not only an enterprise support lifecycle, but also access to up-to-date languages and tools in a way that interoperates easily with third-party source code."

Tibor Incze, technical lead, Red Hat Enterprise Linux, Datacom Systems Ltd.

“The capacity for Red Hat Enterprise Linux 8 to not only run multiple versions of the same application or database on a specific operating system but to also have a clear and efficient way to manage them is a significant benefit to Datacom and our customers. As we continue to execute on our internal DevOps strategy, we’re also pleased to see improved container capabilities in the operating system and extensive automation, all factors that will help us bring differentiated services to our end users.”

Kevin Ichhpurani, corporate vice president, Partners Ecosystem, Google Cloud

“Google Cloud and Red Hat are deepening our collaboration to enable enterprise-grade solutions for customers with the availability of Red Hat Enterprise Linux 8 on Google Cloud. We’re excited to bring together our innovative technologies and services to help even more businesses gain the benefits of cloud.”

Arvind Krishna, senior vice president, Cloud and Cognitive Software, IBM

“As companies enter the next phase of their cloud journey, they need a hybrid cloud strategy that incorporates their own data centers with multiple private and public clouds in an open and secure way. IBM and Red Hat have been working together for more than 20 years to drive innovation through open source, first with IBM serving as an early supporter of Linux, helping to develop and grow it for the enterprise, and more recently to bring Kubernetes and hybrid cloud solutions to customers.”

Ashish Nadkarni, group vice president, Infrastructure Systems, Platforms and Technologies Group, IDC

“Enterprises need to build and modernize their infrastructure upon a more secure, stable, high-performing platform. Red Hat Enterprise Linux is the foundation for the enterprise hybrid cloud, designed to scale to meet the needs of organizations today and tomorrow with the same user experience regardless of the underlying infrastructure.”

John Gossman, distinguished engineer, Microsoft Azure

“We have seen growth in applications being deployed using Red Hat Enterprise Linux on Azure, including Microsoft SQL Server, for cloud-native, hybrid, and cloud migration scenarios. We’re excited to see what customers will create with Red Hat Enterprise Linux 8 on Azure with continued integrated support from Microsoft and Red Hat, as well as the operating system’s new capabilities to build applications for workloads like AI.”

Arlen Shenkman, executive vice president, Global Business Development and Ecosystems, SAP

“Red Hat Enterprise Linux 8 for SAP Solutions offers high availability capabilities, which are important for SAP workloads, and downtime is unacceptable for business critical applications such as S/4HANA. For more than two decades, we've worked with Red Hat on maintaining a stable, open foundation for SAP applications, helping our customers make smarter decisions, faster, across the hybrid cloud.”

Jason Beard, senior Linux administrator, Stream (Stream Energy)

“The energy market is complex and highly competitive, especially when it comes to being able to deliver updated information as quickly as possible to our customers. As an existing Red Hat Enterprise Linux user, the in-place upgrade capabilities of Red Hat Enterprise Linux 8 provide an opportunity for us to continue answering customer demand without taking systems offline to upgrade the operating system. We are also very interested in the container capabilities presented by Red Hat Enterprise Linux 8, especially as our development environment continues to evolve to drive additional business value.”

3i Infotech’s MFund Plus Suite Bags the Renowned IMC Digital Technology Award 2018

3i Infotech Limited, a global Information Technology company recently bagged the prestigious IMC Digital Technology Award 2018, for its globally established Investment Management solutions suite, MFund Plus. The award was presented to the company at an event held at The St. Regis, Palladium, Mumbai.

3i Infotech’s product MFund Plus suite is a multi-currency enabled web based application, designed to cater to the end-to-end operational requirements of global asset and portfolio managers. It is listed in the Oracle Cloud Market place and uses technologies like cloud and mobility. Inherent with smart features, MFund® Plus ensures regulatory compliance and provides insights that drive intelligent and informed decisions.

Speaking on receiving the prestigious award, Mr. Rakesh Doshi, EVP & Business Head, 3i Infotech said, “We are delighted to have received such a prestigious award among luminaries within the industry. With the aim to lead digital transformation for Indian enterprises in India & globally, we are expanding and constantly re-inventing ourselves. We are seeking to carve our future as a clear digital engineering partner, and hence all our solution offerings are aimed to help ready our customers and enterprises in adapting to the rapidly evolving digital transformation worldwide.”

The IMC Chamber of Commerce and Industry is an apex Chamber of trade, commerce and industry which has relentlessly pursued the agenda of driving Indian businesses with the single minded focus of sustainable growth. The IMC Digital Technology Awards series recognizes and rewards the accomplishments of IT companies and the End Users of IT for technological solutions, applications and improvements that have transformed business.

Nerolac Continues to Transform Lives with “Royal Challengers Bangalore”

The brand will allocate an amount equivalent to Man of the Match presented for all home matches as a grant. Allocated grant to be used for skilling of unemployed youth in Karnataka with the help of local NGO Vimochana Sangha

Staying true to its commitment of supporting skill development initiatives and to inculcate the spirit of performance amongst youth, Kansai Nerolac Paints Ltd (KNPL), one of the leading paint companies in India, in association with Royal Challengers Bangalore (RCB) announced its unique initiative - ‘Man of the Match’ (MoM) Grant in Bengaluru today.

Kansai Nerolac Paints is one of the team sponsor’s for Royal Challengers Bangalore (RCB). The event witnessed Mr. Peeyush Bachlaus, GM – Marketing, Kansai Nerolac Paints Ltd., Mr. Sanjeev Churiwala, Chairman of Royal Challengers Bangalore and RCB’s star players handing over a cheque of INR 700,000 to Mr. Basavaprabhu Patil of the NGO, Vimochana Sangha, an organization which works towards the cause of skill building and creating livelihood opportunities for the unemployed youth in the state of Karnataka. 

Furthermore, a captivating documentary highlighting the fruition of Kansai Nerolac’s skill development initiatives at the grassroots level in the remote villages of Uttarakhand and Sikkim west, were showcased at the event.

Commenting on the initiative, Mr. Peeyush Bachlaus, GM – Marketing, Kansai Nerolac Paints Ltd. said, “At Nerolac, we believe that livelihood and skill enhancement is imperative to driving the growth trajectory and development of our country. This became even more critical to us when we made a small beginning by visiting remote parts of our country as part of our skill development programme. Majority of our current population comprises of the youth who are eager to learn and waiting to realise their potential. Our Man of the Match grant is inspired by these thoughts and aids in empowering the youth and transforming their lives by enhancing their skills through classroom and practical training by our experts. We remain committed to this cause and look forward to taking this initiative to many more parts of the country.” 

The MoM Grant will match the Man of the Match amount presented in each of the home games played by Royal Challengers Bangalore, amounting to a sum of INR 700,000 cumulatively.

Mr. Basavaprabhu Patil, Vimochana Sangha commented, “Kansai Nerolac’s ‘Man of the Match’ grant is a great initiative. We are pleased that the grant is allocated to the unemployed youth of Karnataka for their skill development this time around. We are sure that such a step will go a long way in helping them develop livelihood earning capabilities and transforming their lives for the better.”

Mr. Sanjeev Churiwala, Chairman of Royal Challengers Bangalore said, “Skill development in all walks of life, be it sports, painting or any other vocational programmes is the need of the hour. It helps in channelizing the energy of our youth in the right direction and can even lead to livelihood opportunities. Nerolac’s strong impetus to drive skill development helps ensure the availability of skilled workforce and development of communities as a whole. We are proud to share this skill development platform with our team sponsor Kansai Nerolac.”