Thursday, January 20, 2022

Toyota Kirloskar Motor Launches India’s Much-Awaited Lifestyle Utility Vehicle - The Hilux


Key Feature Highlights of Toyota Hilux

·       All-new lifestyle vehicle is powered by 2.8 L Four Cylinder Turbo-Diesel Engine & available in an option of 6-Speed Automatic or 6-Speed Manual Transmission

·       With world-class engineering, enhanced safety, advanced technology and best-in-class comfort, every day will be an adventure. Automatic Transmission (AT) variant provides segment-leading power of 204 hp & torque output of 500 Nm; Manual Transmission (MT) variants generate 204 hp and 420 Nm. All variants come with a 4X4 drivetrain enabling customers to engage in smooth off-roading

·       The lifestyle vehicle renowned for its ruggedness sports a bold look with a Muscular Bonnet Line & Piano black Trapezoidal Grille with thick chrome frame thereby lending a sophisticated feel. Further, it comes with striking 18-inches Alloy Wheels with Super Chrome Finish

Sharp Swept Back LED Headlights & LED Rear Combi-lamps with an iconic night-time signature complete the modern look of the lifestyle vehicle

·       Top safety features such as 7 SRS Airbags, Vehicle Stability Control (VSC), Traction Control (TC) Electronic Systems to keep vehicle control under adverse weather & road conditions

·       Electronic Differential Lock (EDL), Automatic Hill Assist Control (HAC), Downhill Assist Control (DAC) and Automatic Limited Slip Differential (ALSD) ensures complete control for driver in any conditions

VFC steering that provides natural handling that matches the speed of the vehicle

·       First-in-segment features such as Drive modes options (Power & Eco), Tire Angle Monitor & Front Parking Sensors for a smooth drive

·       Utmost passenger comfort on the inside with Leather Seats, Dual Zone Fully Automatic Temperature Control, Smart Entry & Auto Head Lamps

·       Eight-inch infotainment table style screen with Android Auto/Apple CarPlay provides entertainment and seamless connectivity technology

·       Toyota Hilux is available in exciting colors – Emotional Red, White Pearl, Silver Metallic, Super White & Grey Metallic

·       Large deck which provides unmatchable space & flexibility

Overall Features of Toyota Hilux

Performance Features:

2.8 L Four Cylinder Turbo Diesel Engine

500Nm of Torque which is by far the best in the segment

All variants equipped with 4X4 drive capabilities along with many first-in-segment features

Hilux comes with an unmatched water wading capacity of 700mm

Innovative Multi-purpose Vehicle (IMV) platform with rigid frame structure

Exterior Features:

LED Headlamps with Chrome Accents

Bold Piano black Trapezoidal grille with thick Chrome Surrounds

LED DRL & Turn Indicator in Headlamps

LED Rear Combination Lamps

Front & Rear LED Fog lamps with Chrome Accents

18-inch Super Chrome Finish Alloy Wheels

Safety & Security Features:

7 SRS Airbags

Vehicle Stability Control, Traction Control, Hill Assist & Downhill Assist Electronic Controls

Automatic Limited Slip Differential

ABS with Electronic Brakeforce Distribution and Brake Assist

Trailer Sway Control

Emergency Brake Signal

Cruise Control, Shift Switch Sequential & Shift Lock System

Electrochromic IRVM

Reverse Parking Camera with Display in Audio

ISOFIX Child Seat Restraint System

Anti-Pinch Driver Side Power Window

Interior Features:

New eight-inch Smart Playcast Touchscreen Audio (with Android Auto/Apple Carplay) and Smartphone-based Navigation

Premium Leather Seats (Only in AT Variant)

Front Centre Sliding Armrest with Storage

Leather Wrapped Steering Wheel

Upper Cooled Glove Box

Comfort & Convenience:

Smart Entry with Engine Push Start/Stop button

Dual Zone Fully Automatic AC

Cruise Control

Eight-way Powered Front Seat (Driver)

Eight-inch infotainment system with Android Auto/Apple CarPlay

Outside Rear-view Mirror Electric Adjust/Electric Retract

Toyota Kirloskar Motor (TKM), today, launched the iconic Hilux in the Indian market to cater to the needs of customers seeking an incredible lifestyle utility vehicle that is best suited for off-roading adventure drives on tough terrains, and everyday city use. The name Hilux, which is derived from ‘high’ and ‘luxury’, known for extreme ‘toughness’ and ‘ruggedness’ across terrains of the world for decades.

Today’s launch ends the wait for many SUV aficionados looking to experience the Hilux on the tough roads of India. The Toyota Hilux has been developed considering the local conditions and requirements even as it stays true to its character. The highly anticipated lifestyle vehicle was launched in a mega event today in the presence of Toyota Motor Corporation (TMC) Chief Engineer - Mr. Yoshiki Konishi, Toyota Regional Chief Engineer - Mr. Jurachart Jongusuk, Toyota Kirloskar Motor (TKM) Managing Director - Mr. Masakazu Yoshimura, TKM Executive Vice President of Sales & Customer Service - Mr. Tadashi Asazuma and TKM General Manager of Strategic Business Unit, Mr. Wiseline Sigamani.

Globally, the Hilux sales has surpassed 20 million units winning hearts of millions from over 180 countries. For over 5 decades and through 8 generations, the Toyota Hilux has moved with the times to create exceptional experiences and an unbreakable bond with those who desire for awesomeness in their daily drives be it business or family. With world-class engineering, enhanced safety, advanced technology and best-in-class comfort, the Toyota Hilux offers many first-in-segment features.

This global icon’s reputation of being a powerful performer is courtesy of the rigid Innovative Multi-purpose Vehicle (IMV) platform and a strong powertrain system. It is the same platform (body-on frame chassis construction) that underpins the Innova Crysta and Fortuner which have been a runaway success in India and across many countries. These segment-leading and admired models continues to receive positive feedbacks from customers, thanks to a wide range of remarkable features coupled with a robust engine, while also offering absolute confidence regardless of driving conditions, amazing endurance, low cost of maintenance, and great practicality for various usage purposes of these vehicles. 

The Hilux is loaded with features a heavy-duty turbo engine and diamond-like carbon coating on the piston rings for maximized frictional efficiency. The result is a whopping 500Nm of Torque which is by far the best in the segment. In essence, the Hilux is an unrivalled amalgamation of performance, power and fuel efficiency in its class. The Variable Flow Control to the power steering has boosted drivability making the steering lighter at low speed in city traffic condition & heavier at higher speeds cruising on a highway. The steering dynamics intelligently adapts according to the drive mode - switching from Eco to Power, or Power to Eco. Being true to its reputation of being a tough outdoor companion, the Hilux features a large flatbed deck which provides unmatched flexibility to carry anything from outdoor gear to sports kits.

With the IMV frame structure at its heart, the Hilux has set new benchmarks in off-road capabilities. The Hilux comes with an unmatched water wading capacity of 700mm meant to maneuver though Indian trails. The exceptional wheel articulation and the adoption of Electronic diff-lock also gives the Hilux unimaginable off-road capability in the toughest of conditions with greater fuel efficiency. In real sense, it is based on Toyota’s philosophy of “customer first” - truly understanding customers’ expectations and desires, testing and driving on a wide variety of local road conditions, to experience & feel the multi-functional elements. Indeed, it is a wholesome package of renowned ruggedness, recreational lifestyle, performance, responsiveness, and safety.

The length & height of the Hilux give it a presence like no other. The engine hood, front bumper, lower guard, and bumper corners converge to bring focus to the bold & sophisticated trapezoidal piano black grille with chrome surround, Distinctive LED Rear combi lamps give a dynamic presence and enhance nighttime visibility. The sophistication is further enhanced with striking 18” alloy wheels.

The Hilux truly offers the most advanced experience by beautifully harmonizing performance with glamorous interiors that combines sophistication and practicality with innovation, style and design. The leather seats, soft touch interiors with metal accents give it a modern and progressive look. To enhance driving comfort the vehicle comes equipped with Front parking sensors to ease parking in tight city conditions. The Tablet style 8" touchscreen infotainment system with Android Auto & Apple CarPlay ensures you’re always in control and connected on the go.

Safety is paramount to Toyota, to ensure the safety of both the driver and passengers, the Toyota Hilux packs the most advanced safety features across its variants. The ABS, EBD, Brake Assist System and Hill-Start Assist Control ensures safe driving in any given road conditions, making it the most desirable car. With features such as reverse camera, clearance sonar and back up sonar for all variants, with seven SRS airbags, Downhill Assist Control and Vehicle Stability Control, customer is assured to experience the thrill and joy of driving the safest Toyota Hilux.

As a result of high-levels of in-built safety features, Toyota Hilux was awarded a 5-Star Crash Safety Rating by New Car Assessment Program for Southeast Asian Countries (ASEAN NCAP).

Further, the new GR DKR Hilux T1+ developed by Toyota Gazoo Racing team brings the outstanding victory at the 44th edition of Dakar Rally 2022, which is considered the most grueling rally event, held at Saudi Arabia recently. This spectacular win with new Toyota GR Hilux is a testament of Toyota’s ability to continuously push the limits of engineering and build ever-better cars.

Talking about the design concept of Toyota Hilux, Mr. Jurachart Jongusuk, Toyota Regional Chief Engineer, said, “In our pursuit of developing ever-better cars, we conduct deep analysis of consumers’ driving needs and varied usage of vehicles in local conditions with greater market insights. Considering their wants and desires for an enriching mobility experience, we are pleased to bring to India the tough and invincible Hilux based on the strong IMV lineage.

Powerful, sophisticated and built to last, the Hilux is a testament to Toyota’s world-class engineering, enhanced safety and best-in-class comfort rightly channelized to position the go-anywhere, do-anything vehicle for those seeking adventure, thrill and enriching moments with friends and family”.

Commenting on the launch of the Toyota Hilux, Mr. Masakazu Yoshimura, Managing Director, TKM, said, The launch follows our ‘customer first’ philosophy of responding to the ever-evolving expectations of various customer demographics, with new product offerings. Today, as India continues to make larger economic strides, many customers are seeking a sophisticated lifestyle vehicle that delivers exceptional on & off-road prowess and fulfil their daily urban mobility needs be it work or pleasure.

The Hilux will cater to these customer demands and hopefully spawn a new genre in the country. Further, this launch will set the path for us in India to welcome many more new customers to the Toyota family and help us achieve our goal to deliver “Mass Happiness to All”. We look forward to bringing more awesomeness in the time ahead as we begin 2022 with landmark moments.”

Sharing his views, Mr. Tadashi Asazuma, Executive Vice President – Sales & Customer Service, TKM, said, “The launch of Hilux brings out the key essence of “unmatched toughness & sophistication”. Customers will get to enjoy the Quality, Durability, and Reliability that they have experienced with the successful models as Innova Crysta and Fortuner. For many of our loyal customers, this new offering will be a step up in their journey with Toyota. Our desire is to continue to excite them and our new customers with lifetime experiences that fulfil varied needs and provide a bouquet of options.

The Hilux which draws inspiration from the lifestyles of people who don’t give up, brings together the best of all worlds. Further, to supplement the amazing experience of Hilux, we are much excited to launch the specialised range of accessories for adventure-oriented customers’, truly reflective of the design concept. These range of suggested accessories will amplify the versatility of the Hilux. To know more about such accessories, we urge the customers to visit and explore at their nearest Toyota touchpoints.

There is already a good response from our existing and newer customers in the run-up to the launch and we are confident that this will peak even further.”

Bookings for Toyota Hilux are open, Ex-showroom prices will be announced in March 2022 before we start the deliveries in April 2022. Customers can either book the car online (www.toyotabharat.com) or visit their nearest Toyota dealership.

The Toyota virtual showroom enables customer to experience the Hilux from comfort of their home. A true reflection of ‘We Are Where You Are”. Now Customers can seamlessly get a 360-degree external and internal views, check out all the available variants and colors, experience the key features and get variant-wise comparison. It also allows customers to e-book at the click of button."

NTT Ltd. Appoints Avinash Joshi As The New CEO For Indian Market


* Sharad Sanghi elevated as Managing Director of the combined businesses of NTT Ltd. in the country

NTT Ltd., a USD 11 billion global technology services company,today announced the appointment of Avinash Joshi as Chief Executive Officer for its India business.

Avinash will be responsible for end-to-end go-to-market, sales, delivery, operations, and profitability for NTT Ltd in India and will report to Sharad Sanghi. Sharad has been elevated to the role of Managing Directorand will lead the businesses of NTT Ltd. in the country.

Avinash Joshi has been appointed at a time when the operations of NTT Group have undergone a significant reorganization and strategic consolidation of business activities. As a leading organization in India in IT infrastructure solutions and services, including data center, cloud and cyber security, network and digital workplace, NTT has been supporting thousands of clients in their digital transformation journey and operations across the country.

Commenting on Avinash’s appointment, Sharad Sanghi, Managing Director, India, said, “India is one of the fastest growing technology markets in the world and is witnessing unprecedented digitization and adoption of cutting-edge technology. This has been further expedited by the need for online business ecosystems in the wake of the pandemic. Avinash brings exceptionalvalue, with his extensive experience of working in IT & Telecom Industry. As we undertake massive infrastructure and capacity building, we look forward to his impactful leadership intaking the company to greater heights and expanding market coverage.”

Talking about his new role, Avinash Joshi said, “With numerous innovations to its credit, NTT has been leading technology transformation all over the world. In India, the company offers an unparalleled range of skills, infrastructure capabilities and end-to-end integration of key technologies to enable digital transformation for its extensive and diverse clientele. I am veryexcited to join the organization and leverage my expertise to serve our clients, partners and colleagues. NTT Ltd. is committed to the cause of sustainable and shared growth for all, and it will be my endeavour to take the company further towards its goals in the times to come.”

Avinash joins NTT after being with IBM for more than 18 years where his core expertise was in P&L, Strategic Business Development, Key Account Management, Sales and Delivery. In his last role, he was the Senior Partner and Vice President, 5G, APAC, IBM Services.Avinash has overall experience of over 30years in Client facing roles and P&L management.

About NTT Ltd.

NTT Ltd. is a leading, global technology services company. To help our clients achieve their digital transformation goals, we use our global capabilities, expertise, and full-stack technology services delivered through our integrated services platform. As their long-term strategic partner, we help them enhance customer and employee experience, transform their cloud strategy, modernize their networks and strengthen their cybersecurity. And across their transformation priorities, we automate their business processes and IT, drawing insights and analytics from their core business data. As a global ICT provider, we employ more than 50,000 people across 57 countries, trading in 73 countries and delivering services in over 200 countries and regions. Together we enable the connected future.

Everything x Everywhere: The New BMW X3 Launched In Indian Market


* Refreshed and robust appearance with new design elements.

* Modern interiors ensure luxury, practicality of space and ‘X-ness’.

* BMW xDrive all-wheel-drive system to conquer any terrain.

* Power-packed BMW TwinPower Turbo engine offers versatile agility and driving performance.

* #EverythingXEverywhere #thenewX3 #BMWX3        

The new BMW X3 has been launched in India today. The successful Sports Activity Vehicle (SAV), BMW X3 is now sportier and more modern with its comprehensive refreshed look, premium interior with new equipment features and updated infotainment.

Available in locally produced two petrol variants, the new BMW X3 is now available at BMW dealerships from today onwards. The diesel variant will be launched later.

Mr. Vikram Pawah, President, BMW Group India said, “The new evolved third generation BMW X3 is here to continue the model’s trailblazing success in the premium mid-size SAV segment. Refreshed design and driving performance make BMW X3 a luxurious and practical car that is agile on and off-road. You will experience the unbeatable thrill and joy of a distinctive combination of powerful drive, sporty dynamics and comfort. With its independence and individuality, the new X3 packs in unlimited action and is meant for Everything x Everywhere.”

The new BMW X3 is available in two petrol variants at an attractive introductory price (ex-showroom) as follows-

BMW X3 xDrive30i SportX Plus                                      :           INR 59,90,000

BMW X3 xDrive30i M Sport                                            :           INR 65,90,000

*Price prevailing at the time of invoicing will be applicable. Ex-showroom prices inclusive of GST (incl. compensation cess) as applicable but excludes Road Tax, Tax Collected at Source (TCS), RTO statutory taxes/fees, other local tax cess levies and insurance. Price and options are subject to change without prior notice.

For further information, please contact the local authorised BMW Dealer. The new BMW X3 is available in the following metallic paintworks: Mineral White, Phytonic Blue, Brooklyn Grey, Sophisto Grey, Black Sapphire and Carbon Black. The new BMW X3 features Sensatec Perforated Upholstery as standard with the following combinations - Canberra Beige and Cognac.

The new BMW X3 emphasis on classic X-elements as standard. It has a more modern look with a more powerful presence, plenty of space and driving dynamics. SportX Plus variant ensures a greater focus on sportiness and “X-ness”. The M Sport variant is enriched with high-quality X elements.

BMW Service Inclusive and BMW Service Inclusive Plus are optionally available with the BMW X3. These service packages cover Condition Based Service (CBS) and maintenance work with a choice of plans from 3 yrs / 40,000 kms to 10 yrs / 2,00,000 kms and start at an attractive pricing of INR 1.53 per km. The BMW X3 also comes with optional BMW Repair Inclusive that extends warranty benefits from third year of operation to maximum sixth year, after the completion of the standard two-year warranty period. Together, these packages provide complete peace of mind and freedom to enjoy unlimited driving pleasure.

BMW India Financial Services offers an attractive BMW 360? financial plan with ‘drive away monthly price’ of INR 79,999/-, assured buyback of up to 60% and flexible end of term options. Customized financial solutions can be further designed as per individual requirements.

The new BMW X3.

The design of the new BMW X3 makes a sportier orientation. With the redesigned BMW kidney grille, flatter headlights and the new front apron, the new BMW X3 flaunts an absolutely refreshed design appearance. More strikingly shaped and larger BMW kidney grille now comprising of a single-piece frame. The front feature adaptive LED headlights with Matrix function. A black border gives the full LED rear lights a more precise appearance, while the narrower light graphic now includes a three-dimensionally modelled pincer contour and horizontal turn signals integrated in filigree style. The new, flush-fitting free-form tailpipe trims are larger and sportier, conveying a more powerful presence. In the M Sport package, front apron features larger air inlets finished in high-gloss black and air curtains. The sportier rear bumper includes a diffuser finished in Dark Shadow. The M Sport trim includes the new 19-inch Y-Spoke 887M alloy wheels. However, 20-inch M alloy wheels are also available as an early bird offer.

The interior boasts an exceptional level of comfort and functionality in an extremely modern ambience. Exclusive functions such as Multi-function Sport Steering Wheel, electrical seat adjustment with memory function, exterior mirror package add to the comfort. Driver and front passenger enjoy the superior sporty flair of a premium SAV. M Sport has an exclusive set interior package like Sport seats, Sensatec perforated upholstery, M leather steering wheel with multifunction buttons, M interior trim adding the performance-oriented ambience. Panoramic glass roof and Welcome Light Carpet are few among the long list of features that create the perfect ambience. New electroplated trim elements on the air vents add a touch of elegance while emphasising the horizontal lines in the interior. Ambient Lighting with six dimmable designs creates an atmosphere for every mood. Features such as electroplated controls and 3-zone automatic climate control with extended options add to the overall luxurious feel. The boot has a capacity of 550 litres and can be expanded further to 1600 litres by folding down the 40/20/40 split rear seat backrest.

Thanks to the unrivalled BMW TwinPower Turbo technology, the petrol engine melds maximum power with exemplary efficiency and offers spontaneous responsiveness even at low engine speeds. The two-litre four-cylinder petrol engine of the BMW X3 xDrive30i produces an output of 185 kW / 252 hp and a maximum torque of 350 Nm at 1,450 – 4,800 rpm. The car accelerates from 0 -100 km / hr in just 6.6 seconds with a top speed of 235 km/h.

The eight-speed automatic Steptronic sport transmission performs smooth, almost imperceptible gear shifts. At any time, in any gear, the transmission collaborates perfectly with the engine, enabling it to develop its full power and efficiency. Adaptive Suspension with its individual electronically controlled dampers adapts to both road conditions & individual driving style thereby offering exceptional precision and improves the drive and handling dynamics. For even greater driving pleasure, it is available with steering wheel paddle shifters, cruise control with braking function and Automatic differential brakes (ADB) with electronic differential locks as standard. The BMW Performance Control system increases the stability of the car by targeted braking of the wheels.

BMW xDrive, an intelligent all-wheel-drive system, monitors the driving situation constantly and is quick to respond. Electronically controlled ‘Automatic Differential Brakes/Locks’ (ADB-X), extended ‘Dynamic Traction Control’ (DTC), Hill Start Assist and Hill Descent Control help to conquer every terrain.

A host of BMW ConnectedDrive technologies continues to break the innovation barrier in automotive industry – BMW Gesture Control and Wireless Apple CarPlay® / Android Auto. The modern cockpit concept BMW Live Cockpit Professional running on latest BMW Operating System 7.0 includes 3D Navigation, with a high-resolution 12.3” screen instrument cluster behind the steering wheel and a control display. The spread of driver assistance systems is more extensive than ever. Parking Assistant Plus with 360 camera makes parking in tight spots easier by taking over acceleration, braking as well as steering. The car features a 464W Harman Kardon Surround Sound system 16 speaker with individually adjustable equalizing.

BMW EfficientDynamics include features such as 8-speed Steptronic Automatic Transmission, Auto Start-Stop, Brake-Energy Regeneration, Electronic Power Steering, 50:50 Weight Distribution, Driving Experience Control switch with different driving modes such as COMFORT/ECO PRO/SPORT/SPORT+ and many other innovative technologies. 

BMW Safety technologies includes six airbags, Attentiveness Assistance, Dynamic Stability Control (DSC) including Cornering Brake Control (CBC), electric parking brake with auto hold, side-impact protection, electronic vehicle immobilizer and crash sensor, ISOFIX child seat mounting and integrated emergency spare wheel under the load floor.

WealthDesk Partners With ICICIdirect To Expand UWI Vision Across 7 Million Users


* This partnership will open up WealthBasket portfolios from SEBI registered professionals to ICICIdirect’s growing 7 million retail investors.

WealthDesk, a leading investment technology platform that’s building the Unified Wealth Interface (UWI) for Wealth Management ecosystem on top of broking, has partnered with ICICIdirect, one of India’s largest retail brokers with over 7 million retail investors.

UWI is an internet scale wealth management ecosystem that is powered by WealthDesk Platform, and it enables innovative investment and wealth products and solutions like direct equity and ETF based WealthBaskets from SEBI registered professionals to reach millions of Indians with broking accounts.

This partnership will enable ICICIdirect’s users to seamlessly invest in more than 40 WealthBasket portfolios from a wide range of SEBI Registered professionals with investment sizes ranging from as little as Rs.1,000 to Rs. 10+ lakhs. These WealthBaskets can be Long Term, Short Term, Balanced, Asset Allocation based, Thematic, Sectoral, etc. portfolios providing holistic Wealth Management.

Ujjwal Jain, Founder & CEO, WealthDesk said, “ICICIdirect has always been at the forefront of bringing internet based trading to retail Investors. As Bharat as well as India starts to participate more in the Equities markets, we want to introduce managed systematic WealthBaskets and other Wealth Management solutions under our Unified Wealth Interface vision to a larger segment of the retail investor community. Our partnership with ICICIdirect gives any of their retail investors on WealthDesk ecosystem seamless access to these WealthBaskets and other innovative wealth solutions.”

“We are happy to offer research and theme backed WealthBaskets from SEBI registered professionals on WealthDesk to ICICIdirect users. ICICIdirect customers now have the added option of choosing from equity or ETF WealthBasket portfolios as per their investment objectives and risk appetite. We are happy to play our part in democratising high quality investment ideas for the retail investors, “ said Anupam Guha, Head – PWM, ICICI Securities.

About WealthDesk:

Founded in 2016, WealthDesk is an internet scale Investment Technology platform that’s building the Unified Wealth Interface (UWI) for the Asset and Wealth Management ecosystem on top of broking. UWI is powered by the WealthDesk Platform and is built on top of Embedded WealthDesk Gateway (EWG). EWG enables retail investors to seamlessly invest across mobile apps and websites through their broking accounts. WealthDesk captures the entire Investment/Asset Management/Advisory value chain from portfolio creation on top of Equities and ETFs, productising these into investment products called WealthBaskets and then enabling large scale distribution through broking partners with strong network effects. For more information, please visit: https://wealthdesk.in/

About ICICI Securities

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.

I-Sec operates www.icicidirect.com, India’s leading virtual financial supermarket, meeting the three need sets of its clients- investments, protection, and borrowing. Through its four lines of businesses -- broking, distribution of financial products, wealth management and investment banking-- I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government. I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For details, visit: www.icicisecurities.com

D2C Performance Wear Start-Up Zymrat Secures $500,000 In Seed From Dominor Investment & Anicut Angel Fund


* The round was led by Dominor Investment Holding LLP. Anicut Angel Fund participated as a major investor

* Aditya Somani, Rashmi Daga, Founder- Fresh Menu, Mahesh Agrawal, Mridumesh Rai, Business Director - Alshaya Group, Ankit Somani, Sunil Goyal, Founder - Ladderup Finance, also participated in this round

* The investment will be utilized for category extension, product innovation, hiring and brand building

Zymrat, an innovation-led performance wear brand today announced raising $500,000 in seed funding. The investment was led by Dominor Investment Holding LLP, the funds will be used for category extension, accelerating product innovation, hiring of talent and building awareness and visibility through brand building. Anicut Angel Fund, Angel investors such as Aditya Somani, Rashmi Daga, Founders - Fresh Menu, Mahesh Agrawal, Mridumesh Rai, Business Director - Alshaya Group), Ankit Somani and Sunil Goyal, Founders- Ladderup Finance, also participated in the round.

Founded in 2018 by Ujjawal Asthana and Ankita, Zymrat is an innovation-led performance wear brand with technology at its core. The company offers a wide range of products such as training and running t-shirts, shorts, joggers and outerwear for men. Zymrat, through its extensive focus on raw materials, has created world-class products and IPs that are an industry first. SuperSilva, Zero Odour T-Shirts with sustainable silver ions and The Ball Cooling shorts are some of the recent innovations by the company. 

Speaking about the funding, Ujjawal Asthana, Co-Founder & CEO, Zymrat said, “We are extremely pleased with the trust our investors have placed on us. The activewear and athleisure market has been growing exponentially in India.  We are witnessing 5x more demand for our products in the space we operate in. Repeat rate of 40% has been our biggest product market validator that we are moving in the right direction. We are gearing up to launch 30 new SKUs across categories in the next few months. This capital infusion will help us in using revolutionary technologies to design and develop high performance, durable and unique products.”

Tushar Singh, Managing Partner, Dominor Investments Holding LLP said, “Providing customers world-class athletic wear, based on cutting edge fabric technology and inspiring designs are the core drivers of Zymrat. Having led two rounds of funding at Zymrat, we at  Dominar are very excited at supporting the company in solving a major market gap in India. As the fitness market grows in India, so does the need for an indigenous brand from India that allows every man to feel excited, proud and exceedingly comfortable in what he is wearing, when breaking a sweat.”

Ashvin Chadha, Co-founder - Anicut Angel Fund said, “Innovation through technology is the next step in fashion and we have immense belief in Zymrat and their founders in ensuring high-quality activewear for the customers. We are thrilled to support their endeavors and mission of supporting the commitment of every individual towards self-care, personal health and athletics through one-of-its-kind engineered products. My best wishes to team Zymrat.” 

The company has raised $250K in December 2020 from Dominor Investment Holding LLP as lead, LetsVenture Angel Fund, and other prominent angel investors.

About Zymrat

Zymrat is an innovation-led D2C performance wear brand with technology at its core. With an extensive focus on superior raw materials, they are the makers of world-beating products with industry-first IPs to their credit. Boasting a 40% repeat rate, their engineered performance fabric has garnered instant love across India. Planning to launch 30 new SKUs over the next few months, Zymrat is challenging the status quo across multiple categories such as intensive performance, activewear and athleisure.

LTI Net Profit Up By 18.0% YoY & Constant Currency Revenues Grow 9.2% QoQ And 30.1% YoY


Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q3 FY22 results today.

In US Dollars:

Revenue at USD 553.0 million; growth of 8.7% QoQ and 29.3% YoY

Constant Currency Revenue growth of 9.2% QoQ and 30.1% YoY

In Indian Rupees:

Revenue at INR 41,376 million; growth at 9.8% QoQ and 31.2% YoY

Net Income at INR 6,125 million; growth of 11.0% QoQ and 18.0% YoY

“We are happy to report 9.2% QoQ revenue growth in constant currency. This is our best ever quarterly sequential growth since listing. Our ongoing revenue momentum sets us up to deliver our highest year-over-year growth as a publicly listed company. We continue to have incredible conversations with our customers on their digital transformation journeys.”- Sanjay Jalona, Chief Executive Officer & Managing Director

Recent Deal Wins

-          Selected by one of the largest global veterinary care practices and chain of North American pet clinics, a new logo, for a managed services deal involving cyber security and modernization of IT infrastructure including migration to cloud to gain operational efficiencies and transform clinic management and support

-          Engaged by a Global Fortune 500 multinational pharma corporation to modernize and support its data platform ensuring speed and availability of real time data, scalability for future expansion and optimized cost

-          Selected by a Global Fortune 500 company and a world-wide leader in beauty and cosmetics for implementing its HR Transformation plan. Based on Snowflake technology, the engagement aims to augment next-gen HR Analytics capabilities, one-stop-shop for data, real-time access and mobile friendly solutions

-          Engaged by a Global Fortune 500 energy company to provide ‘Data Management as-a-Service’ for their Subsurface Platform ensuring efficient and seamless operations in a secure, cloud-based environment

-          Selected by a North American utility company for cloud transformation across data, infrastructure, security and ERP systems to build resilient and scalable IT infrastructure

-          A world leader in semiconductor solutions partnered with LTI to rollout SAP S/4HANA to one of their largest manufacturing sites to optimize business performance and improve business agility

-          A financial services firm based in North America has selected LTI to build the necessary functionality to integrate, support and migrate record keeping system onto the Unitrax platform.  This will ensure their distribution, support and operations efforts are streamlined onto a single platform as well as improve time-to-market for new product launches

-          Engaged by an insurance carrier to set up core systems and to design, develop and support a digital platform enabling integration of applications with both external and internal systems

-          Engaged by a global bank headquartered in Europe for digital transformation of its payment processing functionality in 12 countries from legacy systems ensuring scalability, ability to process higher volumes, streamlining and standardization

-          LTI modernized the ERP platform and established a centralized and standardized e-commerce platform for a global mission critical flow control equipment manufacturer and has now been selected to manage applications to drive enhanced customer experience and revenue growth

-          A large bank in Namibia has appointed LTI as its partner on its digital transformation journey. LTI will revamp the integration layer with microservices enabling the bank to become cloud-ready digital leader in its chosen geographies in Africa

-          Selected to partner with one of the largest banks in the Middle East on their wealth management transformation using Temenos Wealth Management Suite ensuring best practices, efficiencies, right shoring and a scalable model for future expansion

Awards and Recognitions

-          ISG Provider Lens™: Digital Business — Solutions and Service Partners 2021

o   LTI Positioned as a Leader in Digital Business Consulting Services – US

o   LTI Positioned as a Leader in Digital Business Experience Services - US

-          LTI Recognized as a Leader in Everest Group's Temenos IT Services PEAK Matrix® Assessment 2022

-          LTI Positioned as a Major Player in IDC MarketScape Worldwide Managed Multicloud Services Vendor Assessment 2021

-          LTI Ranked 5th in HFS Top 10 Energy Services 2021 

-          LTI Positioned as a Leader in Everest Group’s Insurance Platforms IT Services PEAK Matrix Assessment 2022

-          LTI recognized in Gartner Report What Distinguishes Successful Service Providers in the Data and Analytics Services Market, Twiggy Lo, 28 October 2021

-          Fosfor Lumin, the AI-powered augmented analytics product (formerly LTI Leni) recognized in The Forrester Report : Augmented BI Holds New Promises, But It's Still Early Days, November 2021

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose

Other Business Highlights

-          LTI has partnered with Securonix and Snowflake to strengthen its cybersecurity offerings and prevent sensitive data from growing threats as enterprises migrate to cloud

-          LTI wins Top Performing Partner Award at Red Hat India

About LTI

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 475 clients succeed in a converging world. With operations in 33 countries, we go the extra mile for our clients and accelerate their digital transformation journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 40,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees and shareholders. Find more at http://www.Lntinfotech.com or follow us at @LTI_Global.

Wednesday, January 19, 2022

Invoid Team Joins Credenc, A Capital India Group Company, To Build A Student Focused Neobank


* Credenc through Invoid’s help will bring to market India's first college student focused Neobank 

* Credenc will leverage Invoid’s expertise to seamlessly onboard customers without compromising on security or compliance 

* This collaboration is part of Credenc’s strategy to become one-stop solution for everything that a student needs 

Credenc, a digital education loan platform for higher education today, announced that the team of digital KYC consultants, Invoid has joined Credenc, a Capital India group company. 

Through this partnership Credenc plans to build India’s first college student focused Neobank that will offer tailored products to the aspiring students. Capitalising on Invoid’s expertise, Credenc will remotely onboard customers without compromising on security or compliance.  

Founded by Sarthak Goel and Kunwar Raj Sethi, Invoid, a Y Combinator company simplifies customer onboarding and digital KYC through its technology product. The company has simplified and secured user onboarding journeys for over 50 financial companies. 

Mayank Batheja Co-founder Credenc said, "We are very impressed with the work Invoid has done. The team will play a crucial role in building our onboarding journeys and the Neo Banking product which will change the way students interact with financial services in India. We are very excited to have the Invoid team join us in our journey forward" 

The partnership is central to Credenc’s strategy of building a digital ecosystem that will serve the students like never before. It will be a step towards developing an entire student education ecosystem that will help students and parents with credit, accommodation, employability, savings, forex, and investments.  

Sarthak Goel, Co-Founder of Invoid added, "Invoid will help scale and power user onboarding for Credenc products during the next phase of its hyper growth. Invoid has built products and technology for fintechs and neo banks and is excited to join the Credenc family.” 

As part of their expansion plans, apart from this partnership, Credenc had also recently acquired B2B New Age Digital Platform ObserveNow  to create new business avenues  by reaching out to colleges and students across India.  

The company is determined to raise the bar on providing financial assistance to students and working professionals across India. It is well on track to build a loan book of ?3,000 crore by 2025 and plans to expand its reach to tier 2 and 3 geographies in India in the coming years to ensure education is accessible and affordable for all. 

About Credenc 

S.K. Narvar promoted Credenc, a unique platform to finance meritorious students for their college expenses by underwriting their employability, rather than the means available to their families. Credenc is disrupting the domestic higher education financing market with its future income prediction model which ensures the best students of the country are not starved for funds for their higher education. 

Total Pageviews