Schwing Stetter India Unveils Premium Mini Excavators In Kerala; Aims To Top This Segment By End Of 2022

* With tThis Launch, Schwing Looks To Further Expand Its Products & Reach Across The Country

Schwing Stetter India, one of the country’s leading concreting & construction equipment manufacturer today has unveiled its premium category Mini Excavator range under the XCMG brand at a grand gala function at the Flora Airport hotel & Convention Centre at Cochin, Kerala.

The event witnessed the launch of four XCMG Mini Excavators in the range of 2 - 4 tons capacity. These premium “U” series Excavators are:

XE 20 U

XE 28 U

XE 38 U

XE 40 U

All the models are embedded with the latest technology. Some of the other amenities that the machines have are boom deflection, Zero tail, modern canopy and AC cabin, for fatigue free operation of the operator, as well as built in Self Diagnostic modules for easy service and maintenance. Schwing Stetter India is a firm believer in creating products that are reliable, have frugal fuel consumption and are high performers; and these are a testament to that belief. Schwing Stetter is also actively increasing its presence across the country; to ensure they can reach their customers irrespective of their location. By launching the XCMG mini excavators in Cochin, Kerala; Schwing is taking yet another step in its expansion.

Speaking about the importance of this market, Mr. V.G Sakthikumar, Managing Director, Schwing Stetter India, said, “With our aim of expanding PAN India, Kerala is one of the biggest markets for us; especially in this mini excavator segment. Therefore, we thought it imperative to unveil our four models in the heart of the state, Cochin, where we already have a significant customer base.”

The mini range of Excavators launched on 17th June 2022 at Cochin by PN Krishna Kumar, Director XCMG business along with Mr M Sezhiyan, Vice President CE business and Mr. Nassar, Director M/s Nastech Trading company

M/s. Nas-Tech Trading Company, dealer appointed by Schwing Stetter for XCMG Excavators, Wheel Loaders & Motor Graders product line for the state of Kerala, expressed that with the pipeline of projects in the state; Schwing’s move to launching these machines in the state is monumental.

About Schwing Stetter India Private Limited:

Incorporated in June 1998, and commencing its manufacturing operations in 1999, Schwing Stetter India is a 100% subsidiary of Schwing GmbH, a 1.30 billion USD German concreting machinery manufacturer and a part of XCMG group. Schwing Stetter is a pioneer in manufacturing equipment for concrete preparation, placement, transportation, and recycling. Schwing Stetter (India) Private Limited manufactures concrete batching plants, concrete placing booms, concrete pumps, concrete truck mixers for transporting readymade concrete to construction sites, concrete truck mixers with concrete pumps, concrete recycling plants, plastering pumps, self-loading mixers, and sludge pumps.

Schwing Stetter (India) sells and services equipment like concrete pavers, aerial working platform, all terrain crane, cold milling machine, crawler crane, excavator, horizontal directional drilling, motor grader, rotary drilling rig, tower crane, truck crane and wheel loader are our various newer range of equipment that have been launched recently from GOMACO and XCMG. We cater to the requirement of infrastructure developers and act as an OEM supplier to various cement companies who offer ready mix concrete. Schwing Stetter has its manufacturing units in 12 countries including Germany, Austria, USA, Brazil, Russia, Ostrava, UK, India supported by sales and service centers in France, Netherlands, Austria, and Sweden as well as representations in more than 150 countries Worldwide.

LTI Inaugurates Its New Satellite Center At Salt Lake Electronics Complex,, Kolkata

* Center to create exciting opportunities for aspiring talent in the Eastern region of India

Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company, has expanded its operations in Kolkata by setting up a new facility in the city. The new center marks company’s expansion in the Eastern region of the country and is designed to meet the requirements of a futuristic and modern workplace. The center was inaugurated today by Nachiket Deshpande, Chief Operating Officer, LTI, Manoj Shikarkhane, Chief Human Resource Officer, LTI, Niruppam Chaudhuri, Regional Head, NASSCOM, and Debasish Sen, Chairman of Nabadiganta Industrial Township Authority (NDITA).

Located in the Salt Lake Electronics Complex, the new center is equipped to house more than 300 employees. The center will support LTI’s service delivery capabilities for Cloud, Data, and Digital technologies and create exciting career opportunities for local talent seeking experiences in these futuristic domains. It will also offer LTI’s clients the benefit of increased access to a larger talent pool from the state and the region. 

Nachiket Deshpande, Chief Operating Officer, LTI, said: “Kolkata boasts of a rich industry-academia ecosystem, and we are excited about our foray into the City of Joy. This center is launched in response to requests from our current and potential employees in the region. We are thrilled to mark our presence in the city and are committed to a long-term association with the region.”

Manoj Shikarkhane, Chief Human Resources Officer, LTI, commented: “We are witnessing monumental changes in the work, workplace, and workforce of the future, and are establishing more talent hubs across the country. Our expansion in Kolkata aims to benefit the overall technology landscape in the region. We are excited about our new start in this city and look forward to accelerated growth in times to come.”

LTI leveraged the opportunity to set base in the eastern region of the country to address the increasing demand for satellite workplaces. As one of the top technology companies in the nation, LTI encourages new ways of working and believes in taking work to people instead of bringing people to work. LTI is upbeat about the potential of the new Kolkata center and intends to offer enriching technology careers to local talent as well as solve better and solve faster for customers.

Niruppam Chaudhuri, Regional Head, NASSCOM, said: “The surge in demand for digital technologies from enterprises across the globe has opened plethora of new-age career opportunities for country’s aspiring talent. Kolkata bears a rich heritage and serves as best-fit destination to groom talent of the future. We extend a warm welcome to LTI as it expands its presence in the region.”

Shri Debasish Sen, Chairman of NDITA, commented: “Salt Lake is emerging as a preferred destination for IT service providers interested in setting their base in the city. As one of the fastest-growing technology players, LTI’s expansion in Kolkata certainly adds to the appeal of this region and will benefit the local talent immensely.”

LTI plans to gradually scale up the operations at the new center and make it a core delivery unit in the region.

About LTI:

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 485 clients succeed in a converging world. With operations in 33 countries, we go the extra mile for our clients and accelerate their digital transformation. 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 45,000 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.

Disposing Menstrual Waste: A Rising Women Concern Across India

By Amar Tulsiyan, Founder and CEO, Niine Hygiene and Personal care 

Disposing Menstrual Waste: A Rising Concern

Women account for half the population, and addressing their health and safety concerns is the paramount duty of society. To ensure menstrual health and hygiene, the government is providing much-needed policy reforms and provisions through Menstrual Hygiene Scheme (MHS) which targets reducing or eliminating taxes on menstrual hygiene products, regulation of quality standards and easy access to these products.

Earlier public conversations about a fundamental and natural bodily function like menstruation were unthinkable but today NGOs, SHGs and manufacturers of menstrual hygiene products are educating society regarding menstruation and its best practices. This is an important step to initiate public dialogue about menstruation, which is the need of the hour. It also helps in breaking myths surrounding menstruation and periods.  

In urban India, discussions and initiatives have helped women to change, from using rags to choosing from the variety of healthy and hygienic options including sanitary napkins, tampons, cloth pads, menstrual discs and menstrual cups. These products have given women immense reasons to rejoice - ease of use, easy disposability and comfort, among others. 

However, with the advent of these products and their immense popularity in urban areas, Menstrual Waste Disposal has become a mammoth issue for civic bodies. An estimated 1 billion sanitary pads have to be disposed every month in our country. A city like Bengaluru alone generates 90 tons of sanitary napkins a day! Sanitary waste management in a hygienic, environmentally friendly manner is a problem that needs to be addressed.

Like any other garbage, sanitary waste ends up in landfills. Incineration is an easy option to dispose this huge pile of used sanitary napkins. However, Super Absorbent Polymers (SAP) which constitutes the primary material in a napkin breaks down into micro-plastics as it degrades and contaminates soil, water and air. The released poisonous chemicals/toxic fumes like dioxins, phuron and other carcinogenic compounds may even enter the food chain of animals and humans. 

According to Menstrual Health Alliance India, one napkin takes 500-800 years to decompose thus leaving a very high environmental footprint. Hence in every aspect of the product life-cycle, from the choice of raw-materials to design innovations, the sustainability factor - minimizing negative impact of the product existence on the environment- must be the primary driving force.  

At the other end, individual management of sanitary waste needs to be streamlined. At homes, women dispose menstrual products in domestic waste.  In public toilets, they flush them in toilets unaware of the consequences of choking.  

At a fundamental level, garbage segregation at source is the first big solution to garbage management. Segregating menstrual waste is the responsibility of every household. However, this step is only a beginning and not a holistic solution to sanitary waste disposal. Reducing the generation of toxic menstrual waste is the only viable solution.

Course Correction

As part of conscientious awareness of the environmental impact and corporate social responsibility, manufacturers in the menstrual hygiene space must proactively seek ways and means to manufacture eco-friendly sanitary napkins. 

Eco-friendly raw materials can replace petroleum based ones to achieve sustainability in the menstrual hygiene space. Besides, manufacturers can start the process towards sustainability by offering biodegradable disposable covers for sanitary napkins. 

Manufacturing sanitary pads from sustainable, renewable materials and making them accessible to women in every nook and corner of the country/world will ensure a cleaner environment.

The key there is how menstrual hygiene products are used. Girls and women have very less or no knowledge about the reproductive tract infections caused due to ignorance of personal hygiene during menstruation time.

Awareness Building

In addition to making efforts towards manufacturing eco-friendly sanitary napkins that are also affordable to a large number of women, manufacturers must take the responsibility of proactively engaging themselves in empowering the women community in rural areas with activities geared towards education and awareness building about menstruation, menstrual hygiene management, importance of toilets at homes, hand washing, diseases related to reproductive tract due to poor hygiene, and so forth. 

Girls and women should be made aware of the consequences of disposing used menstrual products in the open or flushing them in toilets. Dustbins with proper lids should be placed in the toilets. If possible, incinerators should be installed at schools and community levels. Ignorance, misconceptions, unsafe practices, and illiteracy of the mother and child regarding menstruation are the root causes of many problems. So, there is a big need to encourage adolescents at school levels to practice safe and hygienic behaviour

Myths and prejudices about menstruation, its health and hygiene and menstruating women abound, particularly in Indian society and hence must be discussed in public forums and platforms. 

Free distribution of sanitary napkins, educating women and girls about menstrual hygiene and its disposal, spreading information about a variety of affordable and sustainable menstrual hygiene products, medical camps and other initiatives must be spearheaded by businesses operating in the menstrual hygiene space. 

All these efforts are geared towards empowering women and the communities around them as well as towards sustaining and protecting the already fragile natural ecosystem of planet Earth! After all, leading a life of dignity is every woman’s right .

Climate-Smart Deeptech Startup Ecozen Raises First Tranche of Series C Funding Led By Dare Ventures

 

Climate-smart deeptech startup Ecozen announced today that it has raised INR 54 crore of additional funding as the first tranche of a planned INR 200 crore Series C round.  The new funding round was led by Dare Ventures, the venture capital arm of Coromandel International, with participation from existing investors Caspian and Hivos-Triodos Fonds (managed by Triodos Investment Management) through equity. Northern Arc, UC Inclusive Credit, Maanaveeya, and Samunnati also participated with debt funding. Early investors in Ecozen include IFA and Omnivore.

Ecozen develops climate-smart deeptech solutions and core technology stacks to deliver a sustainable future, including motor controls, IoT, and energy storage. Applying these technology stacks to the agricultural sector, Ecozen has revolutionized cold chains (Ecofrost) and the irrigation industry (Ecotron), substantially improving the income of 100,000+ farmers and enabling the generation of over 1Bn units of clean energy(kWh). Headquartered in Pune, Ecozen was founded on-campus by three IIT Kharagpur alumni, Devendra Gupta, Prateek Singhal & Vivek Pandey. 

Ecofrost is the world’s leading solar-powered decentralized cold storage solution, which employs innovative thermal energy storage tech, and has over 450 units deployed.  Meanwhile, Ecotron is India's leading solar pumping solution adopted by over 70,000 farmers which leverages embedded IoT, predictive analytics and advanced motor controls to help improve irrigation efficiency and agricultural profitability. 

Backed by strong demand for its cold chain and irrigation products, Ecozen crossed INR 100 crore in revenue in FY2021-22 and was EBITDA positive. Ecozen has also executed successful pilots abroad and has been able to build strong demand in African and Southeast Asian countries. It is on track to more than double its sales in FY2022-23 and become highly profitable. Growth will come from scaling up existing businesses as well as expanding beyond the Indian market. 

Ecozen sees a significant opportunity in applying its technology stacks and introducing climate-smart solutions for sectors beyond agriculture, notably electric vehicles. The company expects the market size for its innovative technology stacks in India will grow to USD 25 billion by 2025. In the coming years, Ecozen will launch multiple products which build on its deeptech expertise in thermal energy storage, motor controls, IoT, and analytics.

Commenting on this latest fundraise, Devendra Gupta, CEO and Co-Founder of Ecozen, said, “We are thrilled to partner with Dare Ventures and other new and existing investors, as we accelerate our growth and bring climate-smart deeptech solutions to new sectors of the economy. The new funding will be used for expanding our product range, manufacturing capacity and boosting exports. Expanding beyond India and beyond agriculture will enable us to expand our market potential multifold and grow exponentially while ensuring sustainability.” 

Commenting on their investment, Sameer Goel, Director, Dare Ventures Ltd. and Managing Director, Coromandel International Limited, said: “This investment marks the entry of Dare Ventures and Coromandel into the agritech investment space. We are focused on businesses with positive and long term on the ground impact and Ecozen through its innovative deep tech products is well aligned with our vision. With a keen focus on sustainability, we believe their core technology stack will significantly impact sectors beyond agriculture as well. Going forward, we aspire to build a strong portfolio of such highly transformational startups working at different levels of the agricultural value chain and thus creating a remarkable impact on the farmers' livelihoods."

Commenting on their investment, B V Narasimham, Investment Director, Caspian Impact Investment Adviser Private Limited, said, ”Caspian and Hivos-Triodos have been partners to Ecozen for over seven years through our equity and debt initiatives. We are very happy to be part of the journey thus far where the Company is successfully implementing technology initiatives to solve the problems of farmers in India as well as in other countries through innovative approaches which are environmentally friendly. We are pleased to partner with Dare Ventures and other fellow investors of Ecozen in this exciting phase of the Company’s growth.”

About Ecozen:

Ecozen develops climate-smart deeptech solutions and core technology stacks to deliver a sustainable future, including motor controls, IoT, and energy storage.  For more information, see  www.ecozensolutions.com. 

About Dare Ventures:

Dare Ventures Limited is a corporate venture capital arm of Coromandel International Limited with a focus on leading investments in early to growth stage start-up companies engaged in providing technology led solutions for complex and long-term problems in the agriculture and allied sectors. Coromandel International Limited, part of Murugappa Group, is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services covering crop nutrition, crop protection, retail, and other allied advisory services to millions of farmers across the country.

About Coromandel:

Coromandel International Limited is amongst India's pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain. It operates in two major segments: Nutrient and other allied businesses and Crop Protection. These include Fertiliser, Crop Protection, Bio Products, Specialty Nutrients and Organic businesses. The Company is 2nd largest manufacturer and marketer of Phosphatic fertiliser in India. The Company's Crop Protection products are marketed in India as well as in international geographies, offering wide range of technical and formulation products. The Specialty Nutrients business of the Company focuses on water soluble fertiliser and secondary & micronutrients segments. The Company is leading marketer of Organic fertiliser in India. The Bio Products business of the company focusses on plant extractions for various applications.  It also operates a network of around 750 rural retail outlets across Andhra Pradesh, Telangana and Karnataka. Through these Retail outlets, the Company offers farming services including crop advisory, soil testing and farm mechanization to around 3 million farmers. The Company has a strong R&D and Regulatory setup, supporting the businesses in process development and new product introduction. The Company has 17 manufacturing facilities, producing wide range of Nutrient and Crop Protection products, which are marketed through an extensive network of dealers and its own retail centers.

The Company clocked a turnover of Rs.19,255 Crores during FY21-22. Its efforts towards the environment have been well recognized by International organizations like UNDP and has also been voted as one of the ten greenest companies in India by TERI. Coromandel is a part of the INR 417 Billion (41,713 Crores) of the Murugappa Group.

About Caspian:

Caspian, a pioneering impact investing firm with a track record of supporting breakthrough companies and entrepreneurs across a range of high-impact sectors is the promoter of Caspian Equity & Caspian Debt. Caspian has supported the creation and growth of a completely new category of financial institutions in India that include Microfinance Institutions, Affordable Housing Finance Companies, and Affordable School Finance Companies.  Caspian Equity has set up three impact funds/initiatives so far – Bellwether Microfinance Fund, India Financial Inclusion Fund, and Caspian SME Impact Fund IV and has managed over USD 160 Mn Assets Under Management.  

About Hivos-Triodos Fonds:

Established in 1994, Hivos-Triodos Fonds is a joint initiative of Triodos Bank and Hivos and one of the first global movers in financial inclusion investments. The combination of public and private funding from Hivos and Triodos Bank respectively remains a great example of an effective and successful blended finance initiative. Today, Hivos-Triodos Fonds invests in scalable enterprises in emerging markets to catalyse a sustainable, inclusive and green economy.

Hivos-Triodos Fonds is managed by Triodos Investment Management (Triodos IM).  Triodos IM has built up in-depth knowledge throughout our 25 years of impact investing in sectors such as Energy & Climate, Inclusive Finance and Sustainable Food & Agriculture. Triodos IM also invests in listed companies that materially contribute to the transition toward a sustainable society. Assets under management as per end of 2021: EUR 6.4 billion. Triodos IM is a globally active impact investor and a wholly owned subsidiary of Triodos Bank NV.

Photo Caption: From the left to right: Vivek Pandey (CTO, Ecozen Solutions), Prateek Singhal (COO, Ecozen Solutions), Devendra Gupta (CEO, Ecozen Solutions), Sameer Goel (Director, Dare Ventures Ltd. and MD, Coromandel International Limited), Jayashree Satagopan (Director, Dare Ventures Ltd. and CFO, Coromandel International Limited), Rajkumar Chandrasekaran (Investment team - Dare Ventures Ltd), Ravikumar Nadiminti (Investment team - Dare Ventures Ltd)

IndiaMART plugin Is Now Available On ZOHO CRM At No Extra Cost

* IndiaMART CRM Users Can Now Get Their Leads On ZOHO CRM Through This Plugin Without Any Extra Charges

 IndiaMART has launched its Official plugin at the ZOHO Marketplace for integrating IndiaMART's Lead Manager with ZOHO CRM. The plugin integrates the data of all accessible leads on IndiaMART's Lead Manager using IndiaMART's CRM API v2. This Plugin along with the Lead Manager CRM API has been developed only to facilitate the Power Sellers who wish to follow up the IndiaMART Leads to convert into deals in their own way.

Now, the sellers of IndiaMART who use ZOHO CRM, and IndiaMART Lead Manager can get their IndiaMART leads on their ZOHO CRM through this plugin without paying any extra charges.

More than 5.5% of IndiaMART CRM-API active users use ZOHO CRM, and this free plugin will be helpful to all of them to have all their leads in one place. Talking about the USP, the company said, “Sellers need to pay a subscription amount for other plugins of CRM platforms that are on ZOHO Marketplace. IndiaMART provides the same without any cost.”

The plugin automatically updates new IndiaMART leads every two hours and provides the ability to manually fetch old leads up to the last 365 days, in chunks of 7 days) into your ZOHO CRM. It assists in the classification of IndiaMART leads into Buyleads, PNS calls, and direct inquiries, as well as the avoidance of duplicate records

“There are a few vendors who provide similar IndiaMART plugins on ZOHO marketplace at an average cost of $3 per month which is being used by many businesses. The total installs across all those plugins are more than 1200. Therefore, to make business doing easy for our customers we developed our own official IndiaMART plugin at no extra cost. This will be useful to our power sellers who use Zoho CRM to consolidate all communications between salespeople and customers in one location, allowing them to make the most of interactions at any time. Also IndiaMART official plugin will be the only one which also allows its users to retrieve old leads which was not available till date,” says Amarinder Singh Dhaliwal, Chief Product Officer, IndiaMART.

Some of features of IndiaMART plugin include are auto-updating leads from IndiaMART to Zoho CRM's Leads module, updating all important fields from IndiaMART to Zoho CRM, allowing manual fetching old leads helping in segregating IndiaMART leads and different enquiry types into buy leads, PNS calls, and direct enquiries, and prevents duplicate record creation.

Lam Research Teams Up With SK Hynix To Enhance DRAM Production Cost Efficiency With Breakthrough Dry Resist EUV Technology

* Company underscores its leadership in driving the next era of EUV lithography

Lam Research (Nasdaq: LRCX) today announced that SK Hynix Inc. has selected Lam’s innovative dry resist fabrication technology as a development tool of record for two key process steps in the production of advanced DRAM chips. A breakthrough technology introduced by Lam in 2020, dry resist extends the resolution, productivity, and yield of Extreme Ultraviolet (EUV) lithography, a pivotal technology used in the production of next-generation semiconductors. 

Through Lam’s work with SK Hynix and ongoing collaboration with ecosystem partners on dry resist technology, the company continues to take a leadership role in driving patterning innovations to remove the roadblocks associated with scaling to future memory nodes with EUV lithography.

“Lam’s dry resist technology is a game-changer. By innovating at the material level, it addresses EUV lithography’s biggest challenges, enabling cost-effective scaling for advanced memory and logic,” said Richard Wise, vice president and general manager of the dry resist product group at Lam. “We are proud to continue our long-standing collaboration with SK Hynix to accelerate DRAM technology innovations.”

SK Hynix intends to use Lam’s dry resist underlayer and dry development processes for advanced DRAM patterning. “As DRAM continues to scale, innovations in EUV patterning are critical for delivering the performance needed for today’s increasingly connected devices at a cost that is right for our customers,” said BK Lee, head of R&D process at SK Hynix. “The dry resist technology that we are working on with Lam enables exceptionally precise, low defect, and lower cost patterning.”

As chipmakers move to advanced technology nodes, they must resolve ever smaller and finer chip designs on the wafer. First developed by Lam in collaboration with ASML and IMEC, dry resist technology offers several advantages over conventional chemically amplified resist patterning for EUV lithography. Dry resist technology solutions significantly enhance EUV sensitivity and the resolution of each wafer pass, enabling patterns to better adhere to the wafer and improving performance and yield. In addition, Lam’s dry resist development approach offers key sustainability benefits by consuming less energy and five to ten times less raw materials than traditional chemical wet resist processes.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500® company headquartered in Fremont, California, with operations around the globe. Learn more at www.lamresearch.com (LRCX-P).

ASSOCHAM Names Valocity For Excellence In Innovation & Technology At India Fintech Festival

Valocity, a global Fintech company has won the “Excellence in Innovation & Technology Award" at the Associated Chambers of Commerce and Industry of India (ASSOCHAM) India International Fintech Festival. The award was received by Valocity India CEO, Sovan Mandal, in the presence of esteemed dignitaries, officials and representatives of industries and commerce including honorary guest and Ex Finance Secretary, Mr. Subhash Chandra Garg. The festival is India’s leading interacting platform for the Fintech ecosystem, a global movement shaping the future of Fintech.

Commenting on the achievement, Sovan Manal, CEO at Valocity India said, “'We are honoured to win this prestigious award as it demonstrates the positive impact Valocity is having on our clients and the huge potential of our product to transform mortgage lending in India. When we entered the market, we promised to lead the way for the property ecosystem delivering cutting edge, cloud-based technology to enable digital data capture and automated valuation workflows. To be presented with this award is a testimony to the problem Valocity is solving for the industry.”

India is among the fastest growing Fintech markets in the world, comprising of over 3,500 Fintech start-ups. The Indian Fintech market was valued at USD$31Billion in 2021 and is estimated to be worth USD$85Billion by 2025.

Carmen Vicelich, Founder and Global CEO at Valocity said, “India is embracing digital faster than ever before, and it is exciting to be delivering much needed automation and standardisation to the property valuation process. While the Valocity platform is well established globally, it is exciting to be recognised for our localised India solution at these esteemed awards.”

India’s approach to digital financial inclusion is a global model and with initiatives such as Digital India, Housing for All, and India Stack, it has never been more important to embrace digitisation and the latest data and technology.  Valocity is proud to collaborate with the industry to deliver ongoing innovation, future-proof solutions, enhanced customer experiences and timely data insights for informed decision making.

Valocity is digitising the entire end to end mortgage valuation process in a single seamless platform to deliver significant efficiency, risk and compliance management and operational cost savings. Valocity’s advanced Valuation Ordering Platform is entirely cloud based and has supported over a $1.5 Trillion dollars in loan decisions globally.

Valocity connects the ecosystem of Lenders and Valuers with intelligent tools, giving clients an edge when it comes to industry benchmarking, standardised data capture, quality control, real time portfolio analytics, risk mitigation, regulatory compliance, and ease of use for the Valuer.