63 Companies In The 2022 Burgundy Private Hurun India 500 Are Based In Karnataka

Key Highlights:

* 63 companies in 2022 Burgundy Private Hurun India 500 are based in Karnataka

* The cumulative value of companies from Karnataka stands at INR 24.9 lakh crore

* Big 3: With a value of INR 6.5 lakh crore, Infosys is Karnataka’s most valuable company, followed by Titan Company with INR 2.5 lakh crore and Wipro with INR 2.1 lakh crore

* 4 companies from Karnataka doubled in value in the 2022 Burgundy Private Hurun India 500 List

* Financial Services led the way with 11 companies, followed by Software & Services and Retail with 10 and 8 entrants respectively.

* Total sales of companies from Karnataka in the 2022 Burgundy Private Hurun India 500 List cumulated to INR 5.7 lakh crore, a 10% increase compared to last year.

* The 2022 Burgundy Private Hurun India 500 companies from Karnataka employ 12.4 lakh people in total, with an average of 19,930 employees

* The average age of companies from Karnataka in this list is 17 years

Burgundy Private, Axis Bank’s Private Banking Business and Hurun India launched the ‘2022 Burgundy Private Hurun India 500’. This is the second edition of the list of the 500 most valuable companies in India. These companies are ranked according to their value, defined as market capitalization for listed companies and valuations for non-listed companies. Hurun Report India and Burgundy Private launched a further analysis of most valuable non-state-controlled companies from Karnataka in the 2022 Burgundy Private Hurun India 500 List. The cut-off date to arrive at this list was 30th October 2022. This list refers to companies headquartered in India only; state-owned companies and subsidiaries of foreign as well as Indian companies are not included.

Commenting on the launch, Amitabh Chaudhry, Managing Director and Chief Executive Officer, Axis Bank said: "Burgundy Private is delighted to have partnered again with Hurun India in celebrating India’s 500 most valuable companies. The 2nd edition of the Burgundy Private Hurun India 500 report, featuring India’s 500 most valuable companies, could not have come at a better time. From a ‘rare bright spot,’ when most world economies are staring at a slowdown, India is slated to be entering its decade of eminence. Indian companies and their leadership deserve great acclamation for their contribution to the country’s unique positioning today, and they will play an even bigger role in making India the world’s third largest economy over the next decade.”

“Despite global challenges, the companies on the ‘2022 Burgundy Private Hurun India 500’ list created value to the tune of INR 226 lakh crore (USD 2.7 trillion), for their stakeholders. As India’s leading wealth management franchise, Burgundy Private witnessed this value creation from close quarters. The companies on this year’s list contributed immensely to nation building. The top line of these 500 companies is equivalent to 29% of India’s GDP, and these companies employ up to 1.5% of the country’s total workforce. What stood out in the report is that 67 companies on the list are younger than 10 years. These new-age companies will indeed shape the coming decade with their entrepreneurship, technology and digital innovations.”

“Axis Bank remains optimistic about the growth opportunities in the Indian economy. Our ability to deliver 'One Axis’ as a full-service bank, offering varied solutions across all financial services, is a key area of our distinctiveness, allowing us to bring unique solutions to our customers. As India moves towards its most important decade, we look forward to partnering with the companies on the 2022 Burgundy Private Hurun India 500 list, as they move towards the next milestone in their growth journey”, he added.

Anas Rahman Junaid, MD and Chief Researcher, Hurun India said: “Hurun India is delighted to partner with Burgundy Private, Axis Bank’s Private Banking Business to release the 2022 Burgundy Private Hurun India 500. The 2022 Burgundy Private Hurun India 500 comprises of notable names from Karnataka including startups such as Zerodha, BYJU’S, Razorpay, Swiggy, CRED, Meesho, Ola Electric as well as IT veterans such as Infosys, Wipro and Mindtree. The report reflects the entrepreneurial spirit that the city harbours while positioning India as a preferred destination attracting investments for high-decibel growth. Karnataka has one of the most robust start-up ecosystem in the world and is a leader in the fintech space. Bengaluru is home to some of the leading tech start-ups in the world and has the highest growth rate in VC/PE investments. Scaling up quickly we expect some Bengaluru based start-ups to feature in the Global 500 list soon."

Top 10 

The total value of the top 10 companies from Karnataka grew 2% to INR 16.5 lakh crore, equivalent to 7.3% of the total value of the 2022 Burgundy Private Hurun India 500 List.

Table 1: Top 10 companies from Karnataka in 2022 Burgundy Private Hurun India 500

Source: Hurun Research Institute, 2022 Burgundy Private Hurun India 500

Unlisted companies

BYJU'S is the most valuable unlisted company from Karnataka, followed by Swiggy and Razorpay.

Table 2: Top 10 unlisted companies from Karnataka in 2022 Burgundy Private Hurun India 500

Source: Hurun Research Institute, 2022 Burgundy Private Hurun India 500

Biggest Gainers

In terms of growth, the 2022 Burgundy Private Hurun India 500 from Karnataka was led by Razorpay followed by Ola Cabs and Licious.

By absolute value, the biggest gainers were Swiggy, BYJU'S, and Razorpay.

Table 3: Top 5 Gainers by % from Karnataka            Top 5 Gainers by INR Cr from Karnataka 

Source: Hurun Research Institute, 2022 Burgundy Private Hurun India 500

Industry Distribution

Financial Services is the biggest contributor from Karnataka in 2022 Burgundy Private Hurun India 500 with 11 companies followed by Software & Services with 10.

Table 4: Top 5 Industries from Karnataka in 2022 Burgundy Private Hurun India 500

Source: Hurun Research Institute, 2022 Burgundy Private Hurun India 500

Largest companies by revenue and profit

The average sales of companies from Karnataka in 2022 Burgundy Private Hurun India 500 were INR 14,670 crore.

5 of them had sales of more than INR 10,000 crore in FY2022, of which 3 managed to make the list with sales of more than INR 50,000 crore in FY2022.

Table 5: Top 5 Companies from Karnataka in 2022 Burgundy Private Hurun India 500 with highest revenue

Source: Hurun Research Institute, 2022 Burgundy Private Hurun India 500

Table 6: Top 5 Companies from Karnataka in 2022 Burgundy Private Hurun India 500 with highest net profit

Source: Hurun Research Institute, 2022 Burgundy Private Hurun India 500, BSE

How old are they?

The average age of companies in the 2022 Burgundy Private Hurun India 500 list from Karnataka  is 17 years.

Table 7: Top 5 Oldest Companies from Karnataka          Top 5 Youngest Companies from Karnataka

Source: Hurun Research Institute, 2022 Burgundy Private Hurun India 500

How many do they employ?

Companies from Karnataka in the 2022 Burgundy Private Hurun India 500 employ 1.2 million people, an average of 19,700 employees. 7 have more than 10,000 employees, led by Quess Corp with 4,36,907 employees, and Infosys with 3,14,015 employees.

Table 8: Top 5 Employers from Karnataka               Top 5 Women Employers from Karnataka

Source: Hurun Research Institute, 2022 Burgundy Private Hurun India 500, Company Annual Reports, No. of employees.

Chief Minister of Karnataka Launches Karnataka Skill Connect Portal With Aim of Creating 10 Million Opportunities

·       Developed by Karnataka Skill Development Corporation in association with Karnataka Digital Economy Mission

·       The AI-based portal will revolutionise industry-academia partnerships; opportunities expected across jobs, internships, apprenticeships

·       An MoU between the Department of Collegiate and Technical Education and job aggregators to provide internships and placement opportunities to students was also signed at the event

The Karnataka Skill Development Corporation (KSDC), in association with the Karnataka Digital Economy Mission (KDEM), today launched the Karnataka Skill Connect Portal (KSCP), an integrated web platform connecting the entire talent ecosystem in the state with various employment prospects and skilling opportunities.

The portal’s inauguration marks the Government of Karnataka’s celebration of ‘Good Governance Month’ in December in observance of the birthday of the former Prime Minister of India, Bharat Ratna Atal Bihari Vajpayee. Honourable Chief Minister of Karnataka, Shri Basavaraj Bommai, and Dr C. N. Ashwath Narayan, Minister for Higher Education; Electronics, IT & BT, Science & Technology; Skill Development, Entrepreneurship & Livelihood, Government of Karnataka, presided over the event in the presence of industry leaders and partners at the Vidhana Soudha.

KSCP will act as a comprehensive marketplace for students, industries, academic institutions, and trainers to get together and collaborate in several ways. For instance, candidates can evaluate themselves on the portal, identify possible skill gaps, and take up relevant upskilling programmes. Meanwhile, employers (MSMEs, MNCs, start-ups) can find and train suitable candidates. Also, campus placement opportunities and access to trending courses will be provided, besides connecting job aspirants with mentors and career coaches.

Shri Basavaraj Bommai said, “Karnataka has grown to become one of the world’s biggest start-up and technological powerhouses. Efforts such as the Karnataka Skill Connect Portal are critical to sustaining our global stature and our hopes of attracting large companies and specialised clusters. The portal will engage with the entire industry-academia ecosystem and contribute to better investments, knowledge sharing, and economic possibilities within the state, building on our existing foundations. This latest project reflects the government’s commitment towards learning and development. The portal will break barriers of distance and democratize access to opportunities through a digital medium. We recognise its importance in achieving progress and will continuously focus on empowering the state’s youth with the tools required to thrive in the modern world.”

The portal was created in consultation with industry stakeholders to first-hand address their concerns. Insights from established companies and up-and-coming start-ups provided the framework for the platform. These entities will contribute to KSCP’s supply and demand and ultimately benefit from the portal.

LinkedIn, Cisco, and IBM were among the companies present at the launch.

An MoU between the Department of Collegiate and Technical Education (DCTE), and job aggregators/placement providers Innovsource Private Limited (First Meridian), AISECT, FUEL, Infiquity Auto Technologies Private Limited, and Pratian Learning and Consulting Pvt Ltd was also signed at the event. The association envisions supporting students of government institutions with internships and placement opportunities.

The Karnataka Digital Economy Mission provided KSDC advisory and program management services to develop the portal. The organisation will further support the platform’s engagement by facilitating industry collaborations. Additionally, KDEM enabled the partnership between DCTE and the job aggregators, fulfilling its role as a bridge between the Government of Karnataka and the industry ecosystem.

Dr Ashwath Narayan said, “The portal’s scope is unprecedented and will be a massive factor in the state’s digital economy push. KSCP will stimulate jobs and drive new investments across Karnataka’s entire industry spectrum while helping various stakeholders assess their strengths, capabilities, and problem areas in an open, enabling environment that values learning and development. This, in turn, will propel technological progress and consolidate our valuable start-up culture and fame as an innovation hotspot. The portal will support around 65 thousand engineering students in obtaining internship opportunities.”

Dr S.Selvakumar IAS, Principal Secretary to the Government, Skill Development, Entrepreneurship and Livelihood Department, spoke of the portal’s significance: “Karnataka has always been blessed with exceptional talent. We can now provide them with more straightforward access to opportunities and streamline conversations between them and the industry, helping bridge the demand gap and providing individuals with tools that will shape not just their lives but society and the nation as well.”

Ashwin D Gowda, Managing Director of Karnataka Skill Development Corporation, remarked on the project’s outcomes: “We remain committed to KSDC’s objectives of aiding Karnataka’s youth in line with the national vision for employment. We envision 10 million opportunities across jobs, internships, and paid openings in the coming years. We also hope to see around one lakh candidates undergoing skill assessments while reaching out to 20 million job seekers in the state. The long-term goal is to gradually incorporate all educational institutions in the state to use the portal for job and placement support.”

BV Naidu, Chairman of Karnataka Digital Economy Mission, said, “The portal will greatly benefit graduates and job seekers in their career paths by providing clarity and a sense of direction that aspirants might not readily have. There are multiple features for various requirements—besides finding relevant upskilling modules and jobs, candidates can use the intuitive platform to upload their profiles and automatically match with prospective employers, get screened by industry-standard psychometric assessments, and join online discussion forums with other candidates, among other options. The portal is an attempt to improve access of job aspirants all over Karnataka to available jobs and upskilling opportunities. ”

Sanjeev Gupta, CEO of Karnataka Digital Economy Mission, added, “We have partnered with KSDC to build a unique tool that will support Karnataka’s education goals. By encompassing the entire industry—from aspirants to universities to hirers to training providers—the portal will offer solutions for the complete talent ecosystem. While hopeful candidates and companies can use various features to connect, academic institutions can also avail services like campus placement management and learner management system to satisfy their requirements. We’re also looking at enhancing the AI/ML capabilities at our disposal to do more in supporting our partners in their journeys in the future.”

Karnataka Digital Economy Mission is a Section 8 organisation that supports technology opportunities in the state through research, strategy, and investments across various sectors, such as IT products & services, innovation, and start-ups.

Vi Business Introduces ‘Vi Secure’- A Comprehensive Cyber Security Portfolio For Enterprises

         Vi #ReadyForNext Survey results reveal that more than half of Indian MSMEs do not have adequate security solutions to protect their businesses from possible cyber attacks

·         Vi Secure offers Web Security, Mail Security, and Maximum Device Security Solutions in partnership with leading global tech security solution providers – FirstWave Cloud Technology, Cisco and Trend Micro

·         Other products in the portfolio include Cloud Firewall, Managed DDoS, Managed Security Services, and Secure Device Manager solutions

In a fast evolving digital era, with workloads shifting to Cloud, industry 4.0 revolutionizing automation and increasingly digital workforce, businesses have remained vulnerable to cyber breaches and attacks. MSMEs in particular have become soft targets for cyber threats due to their lack of awareness, preparedness and resources. A comprehensive set of security solutions to protect enterprises and proactively secure businesses and customers is the need of the hour.

To address this need gap, Vi Business, the enterprise arm of the leading telecom player operator Vodafone Idea Limited, today announced the launch of ‘ViTM Secure’ - a comprehensive cyber security portfolio with a range of reliable solutions that offer protection against multiple threats arising from network, cloud and end points.

Further, MSMEs which account for 30% of India’s GDP are still unprepared to adopt digital techniques and platforms and are yet to implement security measures to protect their operations from the cyberattacks. More than 52% of Indian MSMEs have not yet implemented cloud-based security services, antivirus software, cloud firewalls, VPNs, cloud connect, end-to-end data encryption, or managed security services, according to the Vi Business "ReadyForNext" MSME Survey Findings. The data further indicates that MSMEs who have adopted security solutions have an average of 1.6X times the digital maturity vis-a-vis non adopters.

In line with its collaborative approach to offer the best in class enterprise solutions, Vi Business has partnered with global tech leaders to offer one-stop package of cyber security solutions to safeguard every critical aspect for a future fit business functioning, for its enterprise customers.

Commenting on the initiative, Arvind Nevatia, Chief Enterprise Business Officer, Vi said “Maintaining a robust cyber-security system is crucial for any business, especially in the digital era. With increasing frequency and scale of threats, organizations are looking for strong security solutions that protect their assets and ensure end-user privacy. Leveraging Vi’s network security expertise, our solutions are designed in collaboration with leading Security providers, offer enterprise customers access to a broad suite of industry-leading capabilities that align with their current and future cyber security needs.”

Offering a comprehensive one-stop solution for all cyber security needs, Vi Business has introduced new security solutions namely Web Security and Email Security and Maximum Device Security Solutions in partnership with FirstWave Cloud Technology (Powered by Cisco) and Trend Micro. It also comes equipped with other key solutions such as Cloud Firewall, Managed Security Services, Secure Device Manager and Managed DDoS solutions through partnerships with Fortinet, IBM and Netscout Arbor.

Commenting on the partnership with Vi Business for Web Security and E-mail Security solutions, Danny Maher, CEO and Managing Director, FirstWave Cloud Technology said, “Vi Business is uniquely positioned to provide cybersecurity services across India, delivering market-leading email, web, and virtualized firewall security through FirstWave’s CyberCisionTM platform. We’ve built our CyberCisionTM platform to enable service providers to deliver world-class cybersecurity protection at scale. With the power of FirstWave’s CyberCisionTM platform, Vi Business has the opportunity to revolutionize cybersecurity in India and we’re very excited about it.”

Commenting on the partnership with Vi Business for Maximum Device Security Solution, Vijendra Katiyar, Country Manager India & SAARC, Trend Micro, said “We continue to see enterprises in India as major target for cybercriminals and are proud to be partnering with Vi Business to offer our market-leading protection for PC, Mac, Android and iOS devices to their customers, to help keep them secure however they go online to do business.”

With these offerings, Vi Secure has aimed to provide an ultimate security solution that enables businesses to grow with scale effortlessly without worrying about hidden cyber threats across device, network and cloud. These solutions make businesses future ready continuously protecting them against ever evolving threat landscape.

34% Said They Notice In-Store Promotional Offers - As Per Axis My India December CSI Survey

* Health related spends increased for 42%, highest in the last three months

·        10454 people surveyed; 69% are from rural India while 31% are from urban India

·        Overall household spending has increased for 56%, net score down by -3

·        Consumption of essentials products increased for 46%, net score at +28

·        Consumption of discretionary products increased for 8%, net score reduced to -1

·        Consumption of health-related items has increased for 42%, up by 3%

·        Mobility has increased for 6% of the families, down by 1% for last month

·        50% of those who notice would base their purchasing decision based on instore promotional offers

·        21% would prefer to go on domestic holiday this year end

Axis My India, a leading consumer data intelligence company, released its latest findings of the India Consumer Sentiment Index (CSI), a monthly analysis of consumer perception on a wide range of issues. The December report reveals that sentiments have dipped across 3 out of 5 sub-indices. While spends across health products has improved reflecting an increased by 3% from last month, sentiments however remain same as last month for essential consumption. The survey further highlights that 34% of consumers notice in store promotional offers and 50% of them believe it influences their purchase decision.

The December net CSI score, calculated by percentage increase minus percentage decrease in sentiment, is at +07, from +09 last month reflecting a decrease by 02 points.

The sentiment analysis delves into five relevant sub-indices – Overall household spending, spending on essential and non-essential items, spending on healthcare, media consumption habits, entertainment & tourism trends.

The survey was carried out via Computer-Aided Telephonic Interviews with a sample size of 10454 people across 33 states and UTs. 69% belonged to rural India, while 31% belonged to urban counterparts. In terms of regional spread, 24% belong to the Northern parts while 27% belong to the Eastern parts of India. Moreover, 29% and 20% belonged to Western and Southern parts of India respectively. 61% of the respondents were male, while 39% were female. In terms of the two majority sample groups, 32% reflect the age group 36YO to 50YO and 29% reflect the age group of 26YO to 35YO.

Commenting on the CSI report, Pradeep Gupta, Chairman & MD, Axis My India, said “Consumers have experienced a full circle, starting with restricted spending due to COVID19, moving on to revenge shopping after the restrictions were relaxed to festive sentiments, and finally to stagnation due to inflation. Whether it is spends on essential/discretionary products or travel and tourism inflation continues to impact these indices of consumer sentiment. This may be one of the factors influencing customers to choose domestic travel over foreign ones. The spending capacity which is elevated basis ones savings is at the moment impact by increased interest rates. Diverting spends on healthcare is another critical reason. The post pandemic behaviour of investment in health and healthy choices continues to remain top priority of several households. Finally, even though spending on essential and non-essential appears to reflect lowered sentiments, marketers should note that exploring and experiencing enticing offers from physical stores continues to influence consumer purchase decisions. Therefore marketers should capitalise on this to improve and increase in-store purchases.”

Key findings:

·        Overall household spending has increased for 56% of families which reflects a decrease by 3% points from last month. The net score which was +51 last month has decreased by -4 to +47 this month

·        Spends on essentials like personal care & household items has increased for 46% of the families, which is the same as last month. The net score which was at +27 last month, increase by one this month

·        Spends on non-essential & discretionary products like AC, Car, and Refrigerator has increased for 8% of families, which reflects a decrease by 3% from last month. The net score, which was at +4 last month has reduced to -1 this month, showcasing a downward sentiments post the end of the festive season

·        Expenses towards health-related items such as vitamins, tests, healthy food has surged for 42% of the families, which is the highest in the last three months. This reflects an increased consumption by 3% from last month mainly because of the onset of the winter season. The health score which has a negative connotation i.e., the lesser the spends on health items the better the sentiments, has a net score value of -27, which has dipped - 4 from last month

·        Consumption of media (TV, Internet, Radio etc.) has increased for 21% of the families, which is same as last month. The overall, net score, which was at -4 last month, is at -2 this month

·        Mobility has increased for 6% of the families, which reflects a decrease by 1% from last month. The overall mobility net indicator score which was at -1% last month, has reported -2 this month

On topics of current national interest:

·        Demystifying the nature of consumers’ engagement with instore promotional offers, the survey unveils that 34% notice promotional offers running in stores and 50% of those who notice these promotional offers indicated that it would influence their final purchase decisions.

·        Capturing the enthusiasm around the FIFA world cup, Axis My India’s CSI Survey discovered that 17% would be watching some key matches while 9% would be watching all matches. Gauging the preference interms of viewing medium, the survey revealed that more than half of those surveyed (58%) would view it TV, whereas 27% and 12% will view it on Mobile and OTT platforms respectively.

·        Deep diving into the entertainment sector, the survey exposed that Amitabh Bachchan (with 15%) is the most preferred actor, whose movies consumers like to watch the most, followed by Akshay Kumar at 7%, Salman Khan at 6%, Allu Arjun at 5% and Shah Rukh Khan at 4%.

·        Exploring sentiments around India's biggest male celebrity (in sports/movies/art except political), the survey revealed that Virat Kohli with 25% is India’s favourite, followed by Amitabh Bachchan with 21% and Sachin Tendulkar at 17%. Furthermore, the survey found out that PV Sindhu with 11% is the biggest celebrity in female category, followed by Mithali Raj with 10%.

·        In an attempt to understand consumer year-end travel plans around holidays, the survey points out that 21% would go on a domestic holiday this season. Deep diving into the considerations, the survey indicated that 23% would base their decision on the cost, while 17% would base it on the season and destination. Family decision falls under the third set of considerations when planning for holidays.

·        The survey also threw light on the newspaper reading routine of consumers and the preferred music medium, thus reflecting on consumers personal media engagement habits. The survey found out that 35% read newspaper every day and 39% prefer to listen to music via YouTube. TV channels forms the second favoured medium for music listeners.

Over 25 Percent Of Plum’s Customers Avail Group Personal Accident (GPA) Cover

~The company emphasizes the need for corporations to opt for accidental insurance on the International Day of Disabled Persons, observed on December 3rd~

Plum, an employee health insurance platform catering to 1,800+ corporations and startups, emphasizes the need for companies to provide for Group Personal Accident  (GPA) covers this International Day of Disabled Persons, observed on December 3rd.  India has an estimated three crore individuals with disabilities, of which over 30 lakh individuals are employed. According to a recent National Sample Survey report, over 70% of those individuals were not disabled from birth, indicating how disabilities can occur through accidents or critical health issues at any stage in an individual’s life.

The impact of an accident and disability can disrupt one’s life and compromise an entire family's savings. Companies today are addressing this through holistic insurance policies – a combination of Group Health Insurance (GHI) and Group Personal Accident covers.

Abhishek Poddar, Co-founder & CEO, Plum said, “We are all prone to accidents; be it at the workplace, while commuting or even during travel and leisure. The impact of such mishaps can be irreparable and draining on a family’s lifetime savings. While companies today are aware of Group Health Insurance (GHI) there needs to be an increased awareness of Group Personal Accident covers which go that extra mile in protecting an individual from untimely and unfortunate adversity. At Plum, over 25% of our clients have availed GPA covers for their employees and we urge every company to financially protect their employees from unforeseen circumstances.”

Plum has been driving ‘inclusion through insurance’ and placing emphasis on the holistic healthcare of employees —physical, mental and financial. It is important for companies and employees to be aware of the range of covers available under Group Personal Accident Insurance to be able to make more informed decisions.

Akshay Golechha, Head of Partnerships, Plum said, “Personal Accident cover should not be perceived as just 'a road accident cover' as its purview is vast, making it truly comprehensive and inclusive for many kinds of disabilities. Further, a group personal accident policy typically offers a wider bouquet of benefits as compared to a retail/individual one. The primary cover provided by typical retail policies is for accidental death and permanent disability. In contrast, GPA insurance typically provides cover for temporary disability as well as loss of income during the period of disablement without any waiting period. Further, it is also possible to avail of cover for burns, fractures, coma, and mishaps occurring during adventure sports, as well, seldom seen in retail policies. GPA cover can also help support the expenses related to lifestyle modifications necessitated from a disability or accident, and some modern policies even provide cover for daily income support, EMI protection and trauma counseling.”

From a cost perspective, Golechha added, “GPA insurance cover is quite affordable. Today, one can avail of a quality GPA cover of INR 10 lakh for as little as INR200 per employee per annum."

GPA insurance covers disabilities and conditions that include: loss of arm or leg, complete or irrecoverable loss of sight, loss of foot below ankle, loss of sense of smell, loss of any toes, loss of fingers, fractures and dislocations, burns, coma as well as expenses incurred on accidental hospitalization, funeral expenses, ambulance charges, transportation of imported medicine, daily income support emergencies;, air ambulance, and much more.

About Plum:

Plum is an employee health insurance platform that provides health benefits to corporations. The company is on a mission to accelerate the adoption of health insurance in India by making employee health insurance accessible, affordable, and usable for employees. It is re-imagining the health insurance stack and accelerating the penetration of health insurance in India to 100%. Plum aims to reach a milestone of 10 million lives insured by 2025. Plum is backed by Tiger Global and Sequoia Capital.

Sai Sanjeevani Nava Raipur Hospital Sets New Guinness World Record

Sri Sathya Sai Sanjeevani Child Heart Centre, Nava Raipur, a specialty pediatric cardiac care centre, has become India’s first charitable super-specialty hospital to bag a Guinness world record. This feat was achieved on its 10th anniversary on November 20 when 2,000 children whom the hospital had saved from certain death assembled and lit lamps to mark the occasion. “These children, all from very poor families, had congenital heart issues and needed cardiac surgeries. Our hospital was their only hope. All treatment, including complex surgeries we perform, are completely free of charge. On our 10th anniversary, parents of many children who we had treated wanted to come together to express their gratitude. So, 2,000 children lit lamps on the occasion. It became a Guinness world record”, explains Dr C Sreenivas, Chairman, Sri Sathya Sai Health and Education Trust that manages the hospital.

The joy of receiving a gift of life wasn’t restricted to just the children on that day. Representatives from the Army, paramilitary forces, State police, NCC, schools and nursing colleges in the State, and some NGOs joined in the celebrations. “Nowhere in the world have patients come back to a hospital where they sought treatment to celebrate an occasion that facility is observing. I view this as a prayer for the well-being of children in the world. The lighting of lamps witnessed here was more than just a feat. It symbolised the power of love. It was a recognition of the selfless service rendered by the Sri Sathya Sai Sanjeevani Hospital”, Dr Sreenivas said.

Incidentally, this facility also became the first centre in Chhattisgarh and only the seventh in India to be notified to perform heart transplants and graft tissues from cadaveric hearts for homograft banks under the Transplantation of Human Organ Act, 1994.

The hospital has the state-of-the-art technology and performs complex surgeries free of charge irrespective of caste or creed. The Sri Sathya Sai Health and Education Trust has two more Sai Sanjeevani hospitals - in Palwal and Navi Mumbai – that together have performed over 23,000 life-saving cardiac procedures so far. 

Timeless Banarasi Sarees Dominate ReshaMandi’s Festive Sale Numbers

Indians’ enduring fondness for natural fabrics is one of the reasons why they continue to be in vogue with both ethnic and contemporary clothing and have always been a hit among the masses. Amongst them, Banarasi silk sarees have withstood the test of time, never going out of style, despite being in the market for years. The sarees, which derive their name from  Banaras or present-day Varanasi, are crafted from finely-woven silk and decorated with elaborate patterns, lavish embroidery as well as gold and silver brocade. Over the decades, it has progressively garnered appreciation throughout Asia and other continents.

The recent festive sale hosted by ReshaMandi – India’s largest farm-to-fashion digital ecosystem for the natural fibre supply chain – provided ample evidence of the love and regard that Indians have for sarees.. The sale was dominated by a wide range of sarees made from natural fibres, out of which 32% of the orders were for Banarasi sarees. While Salem (a silk and silk blend) occupied 19% of the sale, Bengal cotton and Chanderi cotton occupied 11% each. Bengaluru was found to have placed the most orders overall, across India.

According to ReshaMandi’s Founder and CEO, Mayank Tiwari, “We witnessed an overwhelming response to sarees in our recent festive sale, with Banarasi sarees turning out to be the top-selling product. Most of the orders originated from the south, which accounts for 59% of the total silk production in the country. Given the growing attention paid to sustainability, this reflects the relevance of traditional sarees as well as the conscious demand for other natural fabrics such as cotton, jute, and linen.”

ReshaMandi recently expanded overseas to regions such as the Middle East, Europe, North and South America and Southeast Asia, to replicate its successful Indian business model and establish itself as a one-stop platform for the sourcing of natural and recycled fibres globally. It has supplied more than 10 million metres of fabric in natural fibres to 500+ domestic manufacturers of fabric, apparel and home furnishings. Of these, more than 200 are exporters supplying products to globally-recognised brands across geographies.

Established in 2020 with a focus on silk, the company has since expanded to other natural fibres such as cotton, jute, and banana.. It manages the entire natural fibre ecosystem while serving a wide range of stakeholders, including farmers, reelers, weavers, retailers, manufacturers, mills, corporations, exporters and end users. ReshaMandi also has a  D2C  e-commerce platform weaves.reshamandi.com,  which caters to end consumers, bringing them exquisite sarees from different parts of India.