After Successful Start Of Chitradurga’s Store Mr.Arjun Deshpande’s Generic Aadhaar Shubhaarambhs Now Opens at Hubli In Karnataka

Generic Aadhar, a pharma start-up founded by a 16-year-old lad, Arjun Deshpande 3years back in Mumbai and the young founder is aggressively working in ensuring availability of quality medicines to become accessible across India. With this vision, Generic Aadhar inaugurated its first exclusive outlet at Hubli in Dharwad district which is one of the commercial hubs in Karnataka. Plans to launch 100+ stores in Hubli and will be expanding more in adjusting cities such as Belgaum, Haveri, Gulbarga, Gadag, Davanagere, Shimoga and Bellary by the next calendar year.

Mr Arjun Deshpande, Founder, Generic Aadhaar Said, "After successfully beginning from Chitradurga in Karnataka, I feel Blessed to arrive again in the State to announce the Master Franchise in the Commercial Centre city “HUBLI” which is also housing several educational institutes in the State.Our main objective is to make the medicine accessible in the district and also to reach other districts in Karnatakaby the year end also without compromising on the quality of medicines. In a continuing effort, it feels immense pleasure on fulfilling the legend Ratan Tata Sir’s Mission and Dream of visualising a better India in healthcare Sector." 

"We assure the citizens of India about the quality of medicines, which is available in our store, and follow the regulatory guidelines and requirements. We are also following the vision of our honourable Prime Minister, Narendra Modi Ji's 'VOCAL FOR LOCAL' and sourcing generic medicines, APIs required for making the drug directly from the manufacturers, who have GMP-WHO approved manufacturing facilities," added Mr Deshpande.

Generic Aadhaar Start-up Venture is also been supported by Honourable Ratan Tata Sir who is the great inspiration for Billions in the World.

Generic Aadhaar offers a huge portfolio of generic medicines from the regulatory approved manufacturing facilities. The medicines, which are sold at Generic Aadhaar are up to 50-80 % lesser than the market price. These medicines are sourced from WHO-GMP certified manufacturers to reduce the cost and make it pocket friendly for the consumers by purchasing medicines from Generic Aadhaar’s Outlet.

About Generic Aadhar

Generic Aadhaar is a registered trademark of Swasthya Life science Pvt Ltd. As per statistics, about 60% of Indians cannot afford to buy their daily medicines, gauging the market requirements, a 16-year-old, Mr Arjun Deshpande set his eyes on the pharma industry with a sole mission of making medicines available to every Indian. Mr. Arjun Deshpande, is India's youngest entrepreneur founded the innovative venture, Generic Aadhaar. After the business buzz about him the great business entrepreneur Ratan Tata got impressed and joined hands with him to support his vision by unique Pharma Business for better Healthcare in India.

S. Sridhar Takes Over As President, Of Organisation of Pharmaceutical Producers Of India

The Organisation of Pharmaceutical Producers of India (OPPI), which represents research-based pharmaceutical companies in the country, has elected S. Sridhar as its next President. The term is for a period of two years and is effective from February 15, 2021. He takes over from Sharad Tyagi, former Managing Director, Boehringer Ingelheim India Pvt. Ltd.  

Sridhar is the Managing Director of Pfizer Limited and is heading Pfizer Inc’s commercial business in India. Sridhar has been a member of the Executive Committee of OPPI for the past six years and has also chaired its Finance and Taxation Work Group. Sridhar is a strong voice of healthcare transformation in the country and was the chair of FICCI’s Pharma Committee till recently. 

Speaking on the new role, Sridhar said, “I am honoured to take over the responsibility of leading this prestigious organization at this important juncture for healthcare in India. The COVID-19 pandemic has put a spotlight on the significance of innovation and partnerships to respond to the country’s healthcare needs. Healthcare today occupies as a priority agenda for the Government. OPPI stands for research, innovation, access and collaboration to help address the most pressing healthcare needs of the country. I look forward to making a difference to patients, the industry and the country as OPPI works with the Government on policies that are pro-patient, encourage innovation and provide for a positive environment for the industry to grow. I thank members of OPPI Executive Committee for selecting me for this role.” 

Welcoming Sridhar as President, Tyagi said, “It is a pleasure to welcome Sridhar as the new President. I am confident that under his stellar leadership, OPPI will charter a new path in the emerging healthcare order of the country where research and innovation are taking deep roots as foundations of the economy. It has been an honour to lead OPPI in the year of pandemic when the significance of healthcare sector is reaffirmed, and that I could contribute to the industry and the country in some humble ways.

Sridhar is a Chartered Accountant and has led various finance roles before joining the Pfizer Ltd. 13 years ago. At Pfizer Ltd, he expanded from his role as Chief Financial Officer to Business Unit head, took over the responsibility as the Managing Director of India Commerical Business, a position he has been holding for the past five years.

About OPPI

The Organisation of Pharmaceutical Producers of India (OPPI) established in 1965, represents the research-based pharmaceutical companies in India. OPPI remains committed to supporting the nation’s healthcare objectives and collaborating with all stakeholders to find sustainable solutions.  OPPI believes the need for innovation must be balanced with the necessity for more accessible medicines, within a robust IP environment. 

Social Alpha Launches Techtonic – Innovations in Clean Energy, A Comprehensive Venture Development Programme

* Winning solutions will receive access to innovation labs for prototyping, seed capital, techno-commercial pilot opportunity & accelerated market access support for scale-up

Social Alpha kicks off the third edition of the Energy Challenge as “Techtonic – Innovations in Clean Energy”, inviting innovators and entrepreneurs with transformative technologies that have the potential to create deep and irreversible social, economic and climate impact. Techtonic - Innovations in Clean Energy is seeking solutions across the entire energy lifecycle, value chain and multiple use cases, with a special focus this year on Energy for Livelihoods; Smart Energy Systems; Energy Storage; and Thermal Comfort. 

The challenge is aligned with Sustainable Development Goals – SDG 13 (Climate Action), 7 (Affordable and Clean Energy), 8 (Decent Work and Economic Growth) and 1  (No Poverty), amongst others. Techtonic is looking for disruptive, innovative, and impactful clean technology solutions that should focus on affordability, accessibility and user experience with scope for deployment in households, industry, farm, utility, infrastructure, buildings and any other use case.

The winning solutions will be nurtured through the various stages of their lab-to-market journey. Innovators and entrepreneurs can apply in pre-pilot and post-pilot categories. Winners in the pre-pilot category will receive physical incubation at Social Alpha-Atal Incubation Centre, set up under Atal Innovation Mission, the flagship initiative of NITI Aayog, Government of India. The customized incubation includes prototype and MVP design and development support; business model development support; mentorship from technical and business experts; and access to legal, IP, communication and branding services. 

Post-pilot category winners will be incubated at the Clean Energy International Incubation Centre, a joint initiative of Tata Trusts and the GoI, and supported by Department of Biotechnology, BIRAC, Tata Power, and Tata Power-Delhi Distribution Limited. They will receive support in product design, testing and development, GTM and market access, and get international collaboration opportunities through Mission Innovation, a global initiative working to accelerate clean energy innovations. 

Selected startups from both the labs will also receive full spectrum venture development and scale-up support from Social Alpha, which may include techno-commercial pilot support by Tata Power’s Pilot Accelerator of upto 25L per startup, scale-up support of upto 1 crore per startups by Social Alpha’s SDG-7 accelerator and Sustain Plus Foundation and seed funding of up to Rs 1 crore per startup by Social Alpha. Besides this, a number of corporations and investors are expected to join the support ecosystem as the programme progresses. Various incubators, accelerators and investors participating in the programme are expected to deploy collectively more than Rs 20 Crores over a period of 24 months.

The last two energy challenges saw some notable achievements in the portfolio – Vidyut Mohan of Takachar, winner of the Energy Challenge in 2018-19 was named ‘Young Champions of Earth’ by the UNEP. Solshare winner of the Energy Challenge in 2018-19 was featured in 2020 CleanTech 100 list by World Economic Forum. Grassroots Energy, winner of Energy Challenge 2019-20 was selected and awarded as one of the energy efficient solution in the world by the European foundation "Solar Impulse"​. Start-ups like Tan 90, Himalayan Rocket Stove and Urja were able to raise seed and follow-on capital from Social Alpha and its investment partners.

Speaking about Techtonic – Innovations in Clean Energy, Manoj Kumar, Founder and CEO of Social Alpha said, “The winners of the previous editions of Social Alpha Energy Challenge as well as many of our portfolio companies have been the recipients of several awards and follow-on funding, both at home and abroad. Our energy portfolio has demonstrated the potential to avoid more than 200 million tonnes of Co2 emissions collectively by 2030, as assessed by the globally accepted Net-Zero Compatible Innovation Assessment Framework. Climate Change is the biggest threat confronting humanity today. Through this Techtonic, we are offering multistage venture development support to Clean Energy Innovators as they combat climate crisis”

To apply to the challenge, log on to https://www.socialalpha.org/techtonic-innovations-in-clean-energy/

About Social Alpha: 

Social Alpha is a multistage innovation curation and venture development platform for science and technology start-ups that address the most critical social, economic and environmental challenges through the power of entrepreneurship and market-creating innovations. Since its inception in 2016, Social Alpha has supported more 150 start-ups including 40+ seed investments.

CSS Corp Wins 2021 Gold Stevie Award For Its Customer Experience Transformation Platform

CSS Corp, a new-age IT services and technology support company, today announced that it has been presented with Gold Stevie Award in the ‘Best Use of Technology in Customer Service - Computer Industries’ category at the 15th Annual Stevie Awards for Sales & Customer Service, for their customer experience transformation platform.

CSS Corp’s customer experience transformation platform transforms contact center ecosystems holistically across the business application layer, the CRM platform and the CTI system. Clients can pick and choose across a basket of flexible modules with pre-built integrations. Based on the customers’ imperatives, telephony migration to the cloud or CRM re-alignment can also be done to structure an optimized and agile ecosystem.

The platform streamlines end-to-end customer service delivery, across customer acquisition, support, and retention, with an outcome-based approach. It unites the three essential pillars of customer service, namely, customer experience, operational efficiency, and agent productivity, seamlessly with shared intelligence and insights. It leverages cutting-edge technology, including AI, cognitive RPA, analytics, and augmented reality, to deliver customized solutions for clients, and ensure tangible business benefits for them.

Speaking on the occasion, Manish Tandon, Chief Executive Officer, CSS Corp said, “When contact centers faced unprecedented disruptions due to rising customer expectations and the shift to virtual operations during the pandemic, CSS Corp stood strong using its proprietary technology platforms. Our customer experience transformation platform is designed by strategically infusing technology interventions at all stages of the customer journey to drive unprecedented service level consistencies. Winning the Gold Stevie Award is another indicator of our capabilities and positioning to drive unique value creation for our clients as we take a pragmatic approach towards the digital transformation journey.”

“In the toughest working environment in memory for most organizations, 2021 Stevie Award winners still found ways to innovate, grow sales, please their customers, and secure new business,” said Stevie Awards president Maggie Gallagher.  “The judges have recognized and rewarded this, and we join them in applauding this year's winners for their continued success.  We look forward to recognizing them on April 14.”

More than 2,300 nominations from organizations of all sizes and in virtually every industry, in 51 nations, were considered in this year’s competition. Winners were determined by the average scores of more than 160 professionals worldwide on nine specialized judging committees.

About CSS Corp

CSS Corp is a new-age IT services and technology support company that harnesses the power of AI, automation, analytics, cloud, and digital to address customer needs. The company partners with leading enterprises to help realize their strategic business outcomes. Its team of 8,000+ technology professionals across 18 global locations is passionate about helping customers differentiate and succeed. https://www.csscorp.com

About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.

Global PayEX Automates Account Receivables Worth Rs.1000 Crore For Goldmedal Electricals

 

*    Cloud based EIPP platform FreePay reconciles payments 2X faster; reduces Daily Sales Outstanding by 9 days

Addressing delays in invoice collections and in offering real time discounts to its 6,000 strong dealer network across India, home grown brand Goldmedal Electricals has automated more than 70 per cent of its Account Receivables (AR) through B2B Fintech Global PayEX’s FreePay – an Electronic Invoice Presentment and Payment (EIPP) solution. This translates into unlocking the potential of working capital worth INR 1000cr 9 days earlier.

Locked up working capital has been a pressing concern for B2B players, especially during COVID-19 pandemic. Add to it, ballooning AR numbers owing to traditional methods of invoice collection via Post Dated Cheques (PDCs) and manual reconciliation of each payment on company’s enterprise resource planning (ERP) software.

With the adoption of the Artificial Intelligence (AI) powered cloud based Software-as-a-Service (SaaS) solution, Goldmedal Electricals has seen faster digital collection, 2X faster reconciliation, a 9-day reduction in Daily Sales Outstanding, which together have enhanced working capital efficiency and increased visibility on company cash flows by 99 per cent.

Around 3,000 dealers of the company have opted for EIPP, with an average addition of 75 dealers every month since June 2019.

Global PayEX Chief Revenue Officer Narayan ‘Naru’ Ramamoorthy said, “Traditional methods and manual processes of AR continues to lock up billions of dollars of working capital across the globe. Our technology unlocks this value to empower businesses in cash flow planning and deployment while also creating value for their dealers by having better access to digital payments and channel finance. We are proud to partner with Goldmedal Electricals in its journey of digital transformation and working capital optimisation.”

The B2B fintech provides the whole stack of cloud solutions for Account Receivables and Account Payables to help optimise working capital for large Indian and MNC clients.

Goldmedal Electricals Director Kishan Jain said, “Around five years back, Goldmedal started on this path to become a digital organization. We started investing majorly in technology to drive efficiencies and productivity in various aspects of our functioning and are thrilled by the results. Integrating Global PayEX's FreePay solution into our systems has been an important part of this initiative and we are delighted to share that we have noticed a significant improvement in our revenue collections along with gaining key insights that have helped shape our business. We are excited about this initiative and look forward to working with Global PayEX on this transformational journey.”

Over the last two and a half years, dealers and distributors of the leading electrical brand use the EIPP solution to make highly secure digital payments. Global PayEX has provided Goldmedal Electricals with a real time dashboard that tracks invoice status and payments received, which helps in reconciling the payment against the invoice into its ERP.

In addition to automating AR, the switch and system manufacturer leverages the platform to offer multi-slab discounts, product and season incentives by region to its dealers and distributors, most of whom are Micro, Small and Medium Enterprises (MSMEs).

About Global PayEX

Global PayEX is an AI powered cloud platform for working capital optimisation in order-to-cash and procure-to-pay cycles. The B2B fintech processed INR 100 billion+ worth of transactions in 2020 for B2B buyers and sellers through multiple banking partners.

Global PayEX offers end-to-end suite of Account Receivable (AR) and Account Payable (AP) solutions including FreePay, AlgoriQ, FinEX and APEX to help large corporates with multiple dealers and vendors in electronic invoice presentment and payment, intelligent automation in reconciliation, channel financing and AP automation and vendor financing.

The B2B fintech has over 40 clients including MNCs and Indian corporates across industries including manufacturing, trading, pharmaceutical, food, FMCG, packaging, electrical, textile and hardware. Global PayEX also operates in the United States and the United Arab Emirates.

Founded by serial IT entrepreneur Mohan Krishnan, Global PayEX is the first fintech company J.P.Morgan has invested in Southeast Asia. It is headquartered in New York and Mumbai.

About Goldmedal Electricals

Goldmedal Electricals is a home grown electrical company which was established in the year 1979 with a vision to create electrical switches and accessories that make a positive difference to the lives of consumers. In 1981, Goldmedal entered the Wires and Cables business. In 1995, the company set up a state of the art manufacturing unit in Goregaon, Mumbai for the manufacturing of wires & cables and modular switches. Alongside Wires and Cables, the company today manufactures a vast range of electrical products including various types of Switches, Home automation systems, Security Systems, Entertainment devices, Door bells, Wires, Cables and more for residential buildings as well as commercial establishments.

ACT Fibernet Contributes Mobile Modular ICU Units To Bengaluru KC General Hospital To Counter Covid-19

In its support to fight Covid-19, ACT Fibernet donated 2 state-of-the-art mobile modular ICU units to KC General Hospital, Malleshwaram, Bengaluru. Each of the units is equipped with modern facilities and will be installed at the hospital to treat Covid-19 cases. Honourable Chief Minister of Karnataka, B.S Yediyurappa inaugurated the facility in the presence of Dy. Chief Minister of Karnataka, Dr C. N. Ashwathnarayan, Home Minister of Karnataka, Mr Basavaraj Bommai, Health Minister, Dr Sudhakar, Addl. Chief Secretary of Health, Mr Jawaid Akhtar and Health Commissioner, Mr Pankaj Pandey. 

Even when the country has granted authorization for the use of Covid-19 vaccines and has started the process by vaccinating healthcare workers and high-risk group, the spread of the virus is still prevalent in India. While the government along with the healthcare department is relentlessly working to lower the spread of infection and case fatality rates, it is important to collaborate with them and be part of the fight against Covid-19.

Each unit has 5 beds with state-of-the-art facilities, medical air-conditioned to maintain 22-25 Deg C, provision to provide 12-16 fresh air, HEPA filter with Efficiency: 99.999% Down to 0.3μ and Pre & inter Filter. Specialized AHU & Refrigeration to cater to the high demand and contained UV treatment to kill pathogens in the supply & exhaust air.

Talking during the inauguration, Hon'ble Dy. Chief Minister of Karnataka, Dr C. N. Ashwathnarayan, the brain behind this project said, "This is a state of art ICU complex at K. C. General Hospital at Malleswaram which would cater to downtrodden people in North and West Bangalore. This has been possible due to the support from Hon'ble Chief Minister and mainly the donors. I especially would like to thank Bala Malladi, CEO of ACT Fibernet who was magnanimous in contributing 2 units when we requested for one. My heartfelt thanks to ACT for this contribution which goes a long way in providing excellent medical service in this region."

“This is the most challenging time for all of us especially the healthcare industry and we extend our sincere gratitude to those on the frontline. ACT Fibernet always believed in supporting the community we operate in and give back to the society whenever possible.  We trust that this contribution will help KC General Hospital in providing the extra ICU capacity they need to serve the patients suffering from COVID-19.” said Bala Malladi, Chief Executive Officer, Atria Convergence Technologies Ltd.

ACT Fibernet truly believes in taking care of their community and is focused on strengthening its commitment towards society, especially during the unprecedented COVID-19 times. The company strongly supports and commends the efforts of the healthcare department who have been fighting this battle against Covid-19 to keep our country safe.

About ACT Fibernet

ACT Fibernet, one of India’s largest wired ISPs (Internet Service Provider) in India. ACT Fibernet is headquartered in Bangalore has operations in 19 Indian cities with 1.7 million customers. ACT Fibernet is known for its cutting-edge technology and high-speed broadband connectivity that the company provides to its customers. In 2019, ACT Fibernet forayed in the consumer category with the launch of its product ACT stream TV 4K. ACT Fibernet was the first broadband service provider to bring 1 Giga speed connectivity in India to the city of Hyderabad in 2017, followed by Bengaluru and Chennai in 2011.

Wipro Consumer Care – Ventures Invests In Consumer Healthcare Brand -- Onelife Nutriscience

Onelife Nutriscience, which owns the consumer healthcare brand Onelife has raised funding from Wipro Consumer Care - Ventures, the venture capital arm of Wipro Consumer Care & Lighting.

Onelife has a diverse set of offerings focusing on wellness, immunity, and overall nutraceutical segment. The company will use the funds for its next level of growth.

The Company was founded in 2019 by Gaurav Aggarwal, who has over 20 years of experience in the Nutrition Industry. Hailing from a family who are one of the leading producers of Vitamin B3 in the world, this is a natural progression for Gaurav to leverage his extensive experience and depth of knowledge to develop a promising B2C Healthcare Brand.

Commenting on the capital raised, Gaurav Aggarwal, Founder, Onelife said, “We are delighted to have Wipro Consumer Care - Ventures as investors, and I welcome them to the Onelife family. We could not have hoped for a better choice of investor who understands the consumer so well and from whom we can get a lot of value. We look forward to working closely with Wipro over the coming years as we build Onelife into a formidable player in the Nutrition and wellness space. Their backing is a great value addition to our growth plans in India as well as globally. The Nutraceuticals Industry is looking at growing exponentially, and we are excited to increase our market presence through innovative products.”

Mr Sumit Keshan, Managing Partner, Wipro Consumer Care – Venture, said, "We are excited at becoming part of Onelife in its growth journey. They have robust R&D capability, strong product knowledge, and a mature & passionate team. Health and immunity are on top of every consumer's mind today. They are increasingly getting conscious of the benefits of preventive health too. These offer immense growth potential for the company, and Onelife intends to address all these requirements of consumers in a holistic way."

About Wipro Consumer Care & Lighting:

Wipro Consumer Care and Lighting, an over one Bn USD business, is among the fastest growing FMCG businesses. Wipro Consumer Care’s businesses include personal wash products, toiletries, personal care products, wellness products, electrical wire devices, domestic and commercial lighting and modular office furniture. It has a strong brand presence with significant market share across segments in India, South East Asia, the Middle East and Africa. It has 16 manufacturing units in China, India, Indonesia, Malaysia, Philippines, South Africa and Vietnam and has state of the art R & D facilities in five countries. For more information visit www.wiproconsumercare.com

“Mumbai based Nyuleaf Advisors were the exclusive advisors on this transaction.”