Tuesday, January 10, 2023

TheMathCompany Certified As Best Firm For Data Scientists By Analytics India Magazine


* 91% employees appreciate company’s initiatives that create elevated employee experiences

The leading global data analytics and engineering firm, TheMathCompany has been recognized as Best Firm for Data Scientists by Analytics India Magazine (AIM) in their recently launched certification program. TheMathCompany has been certified for creating elevated experiences for employees and nurturing an environment of growth and recognition among the rapid-growth technology providers.

AIM is considered the gold standard for identifying great data science workplaces in India. This rigorous certification by AIM uses five parameters to evaluate each company: learning and support, productivity and engagement, benefits and well-being, rewarding excellence, and diversity and inclusion. The AIM certification considers a company’s benefits and programs, including health insurance, paid time off, compensation, and training and development.

91% of TheMathCompany’s employees responded positively to the survey, appreciating the health of the company’s workplace culture, policies, and initiatives. TheMathCompany’s career development programs and opportunities for team members provide an environment to learn, grow, and take pride in their work, especially with their recent association with a leading AI-driven LXP provider to host over 400 courses in more than seven different training modes while offering domain proficiency across 12+ industries. The company provides a dynamic and inclusive work environment to its employees across all global locations empowering them to succeed.

Sayandeb Banerjee, Co-founder and CEO, TheMathCompany said, “We have witnessed many changes during last few years, but our vision to nurture an environment where our people can learn, grow, and thrive has remained constant. Being recognized by our own employees as an organization with a great workplace culture is an achievement that is not only humbling but also one that spurs us to continue this path of creating elevated experiences for our people. Continuous investment in our employees and a culture rooted in their development and well-being has led us to this significant milestone.”

Bhasker Gupta, Founder and CEO, Analytics India Magazine said, "TheMathCompany has seen significant growth for such a young company. Achieving this while maintaining high approval ratings demonstrates their leadership's dedication towards its employees. In a dynamic world of data science, their employee-centric company policies have created an exemplary work environment for their analytics professionals to grow and learn. With a shared goal of sustainably scaling the data ecosystem in India, we at AIM wish TheMathCompany continued success and hope other companies follow their footsteps."

With a team comprising scientists, data engineers, visualization experts, consumption specialists, analysts, and consultants, TheMathCompany goes beyond what traditional consultancies, pure-play service providers, and information technology services providers offer in terms of data insights to solve specific problems for companies. Interested in building a career at a recognized top employer? Explore career opportunities at TheMathCompany’s here: TheMathCompany Careers.

About TheMathCompany:

TheMathCompany is a global data analytics and engineering firm that partners with Fortune 500 and equivalent organizations to enhance their analytics capabilities, using IP-led assets, talent, and processes to deliver accelerated and human-centric solutions. TheMathCompany has been recognized as one of the fastest-growing data analytics and engineering firms in the world and has been featured among global high-growth firms by Nikkei-FT-Statista's Growth Champions list. Other recognitions include being ranked as the fastest-growing company in Inc.5000, 2022 list, Great Place to Work® Certified™, India, July 2022-23, Honorary mention under D&A specific service providers in 2022 Gartner® Magic Quadrant™ for Data and Analytics Service Providers Report, and the Everest Group's PEAK Matrix® Assessment 2021. The company is disrupting the analytics industry by providing a holistic range of services across data engineering, science, and unique project delivery. For more information about TheMathCompany, visit www.themathcompany.com.

Monday, January 9, 2023

India’s Residential Demand increased 19%, Supply Grew 2.7% In 2022 Reveals Magicbricks PropIndex Report (Oct-Nov), 2022


*Residential demand increased YoY across cities including Mumbai (52.1%), Noida (35.8%), Gurugram (34.5%) and Bengaluru (33%) 

*Pan-India average rate increased 13.9% YoY  

*Residential supply increased YoY across cities including Mumbai (13.4%), Bengaluru (8.4%), Chennai (2.9%) and Delhi (2.1%) 

The Indian residential market demonstrated resilience and overall growth in 2022, observed Magicbricks’ PropIndex Report for October-December, 2022. According to the report, the aggregate residential demand (searches) increased 19% YoY led by major cities such as Mumbai (52.1%), Noida (35.8%), Gurugram (34.5%), Delhi (14.8%) and Bengaluru (33%).  

The report further observed that the average rate increased 13.9% YoY and the cumulative supply (listings) grew 2.7% YoY. Noida (13.7%), Greater Noida (12.3%), Hyderabad (11. 7%) and Thane (8.1%) witnessed the highest increase in average rate YoY; and Mumbai (13.4%), Bengaluru (8.4%) and Thane (4.1%) saw the highest YoY increase in residential supply. The report also observed that 2 and 3 BHK units were the most preferred across these 12 cities. While cities like Kolkata, Chennai, Hyderabad continue to see a surge in demand for affordable units, other big metro cities like Bengaluru, New Delhi and Mumbai are attracting demand for mid-segment residences. 

Elaborating on the trends, Sudhir Pai, CEO, Magicbricks commented, “In 2022, residential demand, supply and prices recovered, and the year bode well for both under-construction and ready-to-move-in houses. Despite consecutive hikes in the Repo Rate and home loan rates in the past quarters, end-users remained keen on home buying, encouraging developers to accelerate new project launches while delivering their existing projects. Overall, we are optimistic that the residential demand will be largely sustained in 2023 as well.” 

The report further observed that the pan-India average rates of ready-to-move-in properties increased 9.0% YoY, and average prices of under-construction properties increased 15.3% YoY.  

City-wise Highlights 

Ahmedabad 

Ahmedabad recorded a dip of 11.3% in demand (searches) 

Decline by 1.2% in supply (listings) QoQ 

Average property rates spiked by 1.7% QoQ. 

Launch of Ahmedabad Metro Phase 1, which includes the East-West and North-South corridors, the demand, and supply for properties are expected to improve in their catchment areas. 

SG Highway and Bopal continue to have the highest demand 

3 BHK units priced between INR 4,000-6,000 psf are preferred by the majority of homebuyers in 

Ahmedabad 

Bengaluru 

Bengaluru’s residential market observed an increase of 1.5% QoQ in demand (searches) 

New project launches in the peripheral areas led to 1.1% QoQ increase in supply (active listings) 

The average property rate for the city witnessed a growth of 2.2% QoQ 

Post-pandemic, Bengaluru witnessed a large section of the non-local workforce resuming work from office 

This factor has largely contributed to a sizable 33% surge in demand YoY. However, supply grew 

by 8.4% YoY, thereby exhausting the existing inventory. 

Consequently, the rates of both RM and UC properties have surged 

Over the past few quarters, East Bengaluru has sustained its position as the most preferred 

location for home buyers 

2 and 3 BHK units priced between INR 5,000-7,500 psf largely dominate the residential real 

estate market in Bengaluru 

Chennai 

In Q4 of 2022, Chennai’s residential market witnessed a QoQ dip of 4.8% in demand (searches), 

the supply (active listing) grew by 1.6% 

Further, average property rates witnessed an increase of 1.6% QoQ 

2 BHK units priced between INR 5,000-10,000 psf dominate the residential real estate market in 

Chennai 

The revised property tax in Chennai deterred the growth of residential demand in the city over the last 2 quarters 

However, ongoing commercial and industrial development and proposed metro connectivity 

along with a greenfield airport are likely to drive demand for Chennai’s real estate market in the 

coming year 

OMR remains top micro-market in Chennai 

New Delhi 

In Q4 2022, Delhi observed a decline of 18.1% QoQ in residential demand (searches) 

The city’s supply (listings) saw a revival and rose by 2.6% QoQ 

The average property rate in the city also recorded a QoQ surge of 3.3%, due to rise in input costs 

Due to the existing inflationary pressures, the average rate for UC properties saw a significant 

upward movement of 8% QoQ, while RM properties also appreciated by 2.9% during this time 

DLF, Unity Group, and Godrej Properties were the top developers on the basis of active listings 

during the quarter 

3 BHKs and houses priced under INR 10,000 psf were the most searched units in Delhi 

Dwarka and Janakpuri continued to be the most favoured residential destination 

Gurugram 

After gaining major traction over the past three quarters, the residential market of Gurugram 

witnessed a marginal decline of 2.3% QoQ in demand (searches) 

The residential supply (listings) remained stable showing a QoQ decline of only 0.5%. 

However, the average property rate in the city observed a third consecutive quarterly hike, 

increasing by 4.8% in October-December after a 1.5% growth in the previous quarter. 

During October-December, the average rates of both RM and UC properties appreciated by  

4.5% and 6.0% QoQ, respectively. 

New Gurugram and Sohna Road continue to be the most preferred localities for homebuyers 

Gurugram registered highest demand and supply concentration for 3 BHKs & > 3 BHKs, while the mid-segment of INR 5,000-10,000 remained the most searched criteria 

Hyderabad 

In Q4 2022, Hyderabad’s residential market witnessed a QoQ dip of 2.2% in demand (searches) 

The supply (active listing) grew by 4.9% 

The city’s average property rate surged by 4.2% QoQ 

The entry of many small developers in Hyderabad’s residential market has inflated the inventory 

resulting in large volumes of unsold stock 

Western Hyderabad remains the most preferred real estate hotspot 

Affordability reigns supreme as < INR 5,000 psf is the most search criteria for homebuyers 

Kolkata 

During this quarter, residential demand (searches) in Kolkata declined by 13.7% QoQ but registered a YoY increase of 4.4% 

The supply (listings) witnessed a decline of 0.6% QoQ, but remained stable YoY 

Average property rates witnessed a growth of 2.1% QoQ and 7.6% YoY owing to an increase in 

input costs 

Kolkata has contributed a share of around 6% in demand and 9% in supply in the major Indian 

residential real estate markets over the past year 

Affordable properties dominate Kolkata’s residential market 

Demand and supply are spatially well distributed all over Kolkata 

Mumbai 

In Q4 2022, Mumbai’s residential market witnessed a growth of 7.6% QoQ in demand (searches) 

The supply (listings) increased by 7.2% QoQ and average property rate increased 1.3% QoQ 

The quarter was characterized by an increase in new launches and the completion of many under- 

construction projects across the city 

These factors have invigorated the market and scaled up demand 

With the operations of metro lines 2A and 7 to commence by January 2023, demand and supply 

are expected to increase even further 

Key western suburb markets witnessed maximum traction in Q4 2022 

2 BHKs priced between INR 15,000-25,000 psf preferred by homebuyers in Mumbai 

Navi Mumbai 

Rresidential demand (searches) and supply (listings) in Navi Mumbai declined by 7.9% 

and 0.8% QoQ, respectively 

The city’s average property rate remained stable since it recorded an increase of only 0.1% 

Navi Mumbai’s residential real estate market is expected to grow with further development of 

its road, rail, and airport infrastructure 

Homebuyers are anticipating new launches by reputed developers active in the region 

Except for a few high-end localities such as Palm Beach Road, Navi Mumbai’s real estate market 

is primarily driven by affordable property options 

Panvel, Kharghar and Airoli remain the most preferred residential destination 

2 BHK units continue dominance in Navi Mumbai followed by 1 BHKs 

Noida & Greater Noida 

With improvement in new launch activity, residential supply (listings) in Noida-Greater Noida 

observed growth of 6.7% QoQ in Q4 2022 

Residential demand (searches) witnessed a QoQ decline of 2.5%, which indicates restrained 

buyer sentiments 

Steady exhaustion of unsold inventory of completed or near-completion homes has pushed 

home buyers to look for under-construction properties 

The average property rate witnessed a QoQ uptick of 3.9% in Q4 2022 compared to a 1.9% rise 

in Q3 2022 

Demand and supply were highest in Noida Extension and Sectors 74-79 

Nearly 56% of consumer searches were directed towards properties priced <INR 5,000 psf, 

indicating that the market is driven by affordability 

Pune 

The long festive season at the end of the year bode well for Pune’s residential market 

Demand and supply for residential properties grew by 3.2% QoQ and 4.2% QoQ, respectively 

At the same time, the city’s average rate increased by 1.5% QoQ 

Moreover, proposals of several town planning schemes and infrastructural projects such as the 

Intermediate Ring Road, High-Capacity Mass Transit Route (HCMTR) and Pune Metropolitan 

Region (PMR) Ring Road are driving the rates up 

Airport Road, Baner and Wakad continue their dominance in Q4 2022 

Homebuyers prefer affordable properties with compact units 

Thane 

Demand (searches) for residential properties in the city registered a growth of 2.8% 

QoQ, the supply surged by 11.1% QoQ. The average rate for the city increased by 0.8% QoQ 

Key infrastructure developments to boost transportation and connectivity such as the Central 

Railway Corridor between Thane and Diva, the proposed Mumbai-Ahmedabad High Speed 

Railway, Personal Rapid Transport System (PRTS) continue to augment demand and supply 

Ghodbunder Road and Western Thane remain the most preferred micro-market 

2 BHKs and units costing <INR 9,000 psf gained traction in Q4 2022 

About Magicbricks: India's no 1 property site  : As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full-stack service provider for all real estate needs, with 15+ services including home loans, pay rent, movers and packers, legal assistance, property valuation, and expert advice. 

With 15+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more. 

Tata Motors Commences Deliveries Of The Ace EV To Start A New Era In Last-Mile Deliveries


Tata Motors, India’s largest commercial vehicle manufacturer, today marked a significant leap forward in offering sustainable mobility solutions for intra-city cargo transport by commencing deliveries of the all-new Ace EV, India’s most advanced, zero-emission, four-wheel small commercial vehicle. The first fleet of the revolutionary Ace EV was delivered to leading e-commerce, FMCG and courier companies, and their logistics service providers: Amazon, Delhivery, DHL (Express & Supply Chain), FedEx, Flipkart, Johnson & Johnson Consumer Health, MoEVing, Safexpress and Trent Limited.

The new Ace EV, unveiled in May 2022 and co-developed in rich collaboration with its users, has successfully completed stringent real-world market trials. Supported by a diligently curated ecosystem, the Ace EV comes with a holistic solution for hassle free e-cargo mobility and 5-year comprehensive maintenance package. Its robust performance with 100% uptime received an overwhelming response from customers. The Ace EV’s supporting ecosystem includes development and deployment of charging infrastructure, setting up of dedicated Electric Vehicle Support Centres for maximum fleet uptime, deployment of Tata Fleet Edge – the next-gen optimal fleet management solution, support of Tata UniEVerse, the proven enabling eco-system of relevant Tata Group companies, and partnerships with the country’s leading financiers for availing funding.

Flagging the first fleet of Ace EVs, Mr. Girish Wagh, Executive Director, Tata Motors, said, “The introduction of the Ace EVs on Indian roads marks a big step forward in the journey towards zero-emission cargo mobility. The holistic solution co-created with our partners effectively caters to a variety of intra-city distribution needs and delivers a superior value proposition to all stakeholders. We are grateful for the trust and support of our customers. Their encouraging response to Ace EV inspires us to accelerate our endeavour of sustainable mobility and support the nation’s net-zero aspirations.”

image002.jpg@01D85B2BThe Ace EV is the first product featuring Tata Motors’ EVOGEN powertrain that offers an unparalleled certified range of 154 kilometres. It delivers a safe, all-weather operation with an advanced battery cooling system and regenerative braking system to boost the driving range. The vehicle allows regular and fast charging capabilities for high uptime. It is powered by a  27kW (36hp) motor with 130Nm of peak torque, to ensure highest cargo volume of 208 ft³ and grade-ability of 22% allowing easy ascend in fully loaded conditions. The Ace EV’s container is made of lightweight, durable materials that perfectly suit the requirements of e-commerce logistics.

About Tata Motors

Part of the USD 128 billion Tata group, Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 37 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and amongst the top three in the passenger vehicles market.

Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centers located in India, UK, US, Italy and South Korea. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by preparing a tailor-made product strategy, leveraging the synergy between the Group companies and playing an active role liasoning with the Government in developing the policy framework.

With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors’ vehicles are marketed in Africa, Middle East, South & South East Asia, Australia, South America, Russia and other CIS countries. As of March 31, 2022, Tata Motors’ operations include 86 consolidated subsidiaries, two joint operations, four joint ventures and 10 equity-accounted associates, including their subsidiaries, in respect of which we exercise significant influence.

PVR Cinemas Announced Opening Of Its New 7-Screen Multiplex In Bhartiya City


~Opens its 7-screen multiplex in Bhartiya Mall of Bengaluru at Bhartiya City, an integrated smart mega city in North East Bengaluru ~

PVR cinemas, the largest and the most premium film exhibition company in India announced the opening of its new 7-screen multiplex in Bhartiya City - The City of Joy : India's largest integrated township within city limits, Thanisandra Main Road, Bengaluru. Integrated with best- in- class theatrical solutions for an enhanced cinematic experience, the new cinema will mark the launch of PVR’s 17th property in the state of Karnataka.

With this launch, PVR Cinemas consolidated its foothold in Bengaluru with 95 screens in 13 properties and 323 screens across 52 properties in South.

Located at Bhartiya Mall of Bengaluru, the property has a seating capacity of 1343 audiences and features premium screen formats including the 5th 4DX and 2nd P[XL] Premium Extra-Large Screens in Bengaluru. The cinema is equipped with the best-in-class theatrical solutions to offer an immersive and enhanced cinematic experience, plush recliner seats for enhanced comfort and SP4K Laser projectors that deliver ultra-high resolution, vivid colors, high uniformity, sharp, and bright images. Furthermore, the audis feature advanced Dolby Atmos audio and REAL D 3D technology for an immersive experience.

Speaking on the launch, Mr. Ajay Bijli, Chairman and Managing Director, PVR Ltd, said, “We are delighted to open our 7-screen property in the Culture Hub of Bengaluru. Bengaluru. In line with our vision to make world-class cinema entertainment accessible to consumers across the country, we have partnered with Bhartiya Group, one of the leading developers in the South to provide wholesome family entertainment to residents in North Bengaluru, one of the emerging areas of Bangalore”.

Situated 25 minutes from the new International Airport, the multiplex is designed in a contemporary style reverberating luxury, glamour, and exuberance. While the red in theme auditoriums with the front lit “V” signage in metal inlays adds glamour, a visually stunning foyer with glamorous chandeliers gives a sense of grandeur and provides a warm and welcoming ambience. Moving towards a digital era, the cinema replaces box office ticketing counters with Self Ticketing Kiosks for self-generation of tickets, the paperless way.

‘’It is indeed a momentous day for us as we open our 13th property in Bengaluru, one of the country’s most vivid and progressive cities and with this opening, we look forward to being a part of its growth story. We are excited for our customers, as they will witness the captivating and immersive experience through 4DX and P[XL]”, said Mr. Sanjeev Kumar Bijli, Joint Managing Director, PVR Limited.

With this opening, PVR strengthens its growth momentum in FY 2022-23 with 903 screens at 181 properties in 78 cities (India and Sri Lanka).

About PVR Limited

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is perceived in the country. PVR currently operates a cinema circuit comprising of 903 screens at 181 properties in 78 cities (India and Sri Lanka), serving over 100 million patrons annually. Since its inception in 1997, the brand has redefined the way out-of-home entertainment is consumed in the country. The Company offers a wide range of cinema services such as child friendly audis, the latest screening technology, superior sound systems, wide range of F&B offerings, diverse content for regional movie goers, an array of formats in the premium screen category such as Director’s Cut, LUXE, Sapphire, IMAX, 4DX, P[XL], Playhouse and PVR Onyx.

For further information, visit: http://www.pvrcinemas.com/corporate/about-us.aspx

Veranda Race Opens Its 43rd Centre In Vijayanagar, Bengaluru


In its endeavour to provide high-quality education and training through blended and offline learning models, Veranda RACE, part of the Veranda Learning Solutions, has now opened a new offline learning centre in Vijayanagar, Bengaluru. This brand-new addition will be 43rd learning centre for Veranda which has centres in over 5 States and Union Territories. 

Veranda RACE has been providing top-notch education and training to students to help them prepare for Banking, Insurance, Staff Selection Commission, Railways, TNPSC, KPSC and other PSC examinations every year for over 10+ years. Veranda RACE provides students with an exhaustive collection of practice test papers with 1,80,000+ Q&A to help them succeed in their endeavours.

“Our new offline learning centre will offer students the best learning methodologies combined with rigorous practice for Bank & SSC courses to gain a competitive edge in the upcoming competitive exams and ensure a wholesome & impactful learning experience for our students. Situated at the heart of Vijayanagar, the sprawling Veranda RACE offline learning centre provides world class learning experience with focus on engagement and better outcomes through our exclusive six-level practice programmes, state-of-the-art computer lab, library with 1,000+ books and expert Veranda RACE mentors and faculty,” said Mr. Santosh Kumar, Operation Head, Veranda RACE. This will be the second offline learning centre of Veranda RACE in Karnataka, the other centre is located in JP Nagar (7th Phase), with a slew of more new students joining in for various competitive exam courses.

Veranda RACE is equipped with the best faculty and learning methodologies to cater to more than 1.5 lakh Banking aspirants, 1.5 lakh SSC aspirants and more than 8 lakh KPSC aspirants in and around the state of Karnataka for the upcoming Bank & Govt. exams.

Students of Veranda RACE have been consistently achieving great results at various Bank, SSC, Railways and other PSC exams and it is very popular with students when it comes to high stakes exams like Banking, SSC & Railways. In fact, in 2022, 34 students from Veranda RACE cleared the SSC MTS Exam 2022 from Tamil Nadu, out of the 37 SSC MTS vacancies, which is a remarkable feat.

About Veranda Learning Solutions

Founded in 2018, by the Kalpathi AGS Group - Veranda Learning Solutions is a public listed education technology company that offers a bouquet of training programs for competitive exam preparation, including State Public Service Commission, Banking, Insurance, Railways, IAS, and CA, as well as a slew of professional skilling and upskilling programmes in Management & trending technologies. Veranda Learning Solutions aims at offering a robust learning platform riding on a network of strong mentors, educationists, and tech-experts.

Veranda Learning Solutions’ platform combines technology, processes, and methodologies to provide high-quality, in-depth, personalised learning opportunities and content to learners across the country. Dedicated to creating an impact on students and delivering successful academic outcomes, Veranda adopts a multi-modal delivery system backed by a rigorous and disciplined learning framework.

The company provides services through its subsidiaries: Veranda Race, Veranda CA, Veranda IAS, and Edureka – the customer facing brand of Brain4ce Education Solutions. Veranda Learning has forayed into high-demand financial courses such as Chartered Accountancy through its partnership with India’s premier CA test-preparation institute, J. K. Shah Classes. 

Agri Tech Startup Greenikk Raises Rs 5.04 Crore In Pre-Seed Funding From Indian And Foreign Investors


Greenikk, a Kerala-based fledgling startup that launched India’s first full-stack supply chain seamlessly connecting banana cultivators, wholesalers,  exporters and B2B buyers on a single platform, has raised Rs 5.04 crore in pre-seed funding from a string of  institutional funders, angel investors and serial entrepreneurs from India and abroad.   

Out of this funding, Rs 3.34 crore will be in equity and the rest in debt, informed Fariq Naushad and Previn Jacob, the co-founders of the award-winning startup that was incubated at Indigram Labs, Delhi.   

The latest round of funding for Greenikk has come from 9 Unicorn Ventures, which is the lead investor; Kerala-based angel group Smart Spark Ventures; Manish Modi, who heads Mauritius-based Mastermind Capital Ventures, invested in several agri tech startups and also sits in the investment committee of Venture Catalysts; Saurabh Agarwal and Mayank Tiwari, founders of Reshamandi, a company that has so far raised $40 million; and Arjun Pillai, who sits in the board of Zoom info (NASDAQ listed). 

The list of funders for the company, which had earlier secured grant from BIRAC (Biotechnology Industry Research Assistance Council), also includes 1.0 Ventures, an angel group based in USA with a mix of founders and professionals who invest into exciting early- stage technology startups; Amit Antony Alex (former Country Director, Upaya Social Ventures; serial entrepreneur Shiv Shankar; and Aman Tekriwal (Maxar VC) with a large number of startup investments under his belt.

Among the other investors are CIIE (accelerator of Indian Institute of Management Ahmedabad); Suresh Aravind (former Worldwide VP, Johnson & Johnson); and Sriram Seshadri, a serial entrepreneur based in USA.

“We will be using the funds mainly to establish model Enablement Centres, gain traction and build up a scalable business model as also for hiring,” said Fariq and Previn, whose pioneering venture in the agri sector has kindled huge interest.

“Our plan is to hit Rs 100 crore in Annual Recurring Revenue (ARR) by FY 23. The next fund raise plan is to attract Rs 50 crore from the top venture capital (VC) funds in the country, and some of them have already made commitments for investment,” they pointed out. 

Launched in January 2020, Greenikk has built Enablement Centres (ECs) in the major banana producing agri-belts in Kerala, Tamil Nadu and Karnataka. It provides the banana farmers with various kinds of support such as finance, seeds, crop advisory, insurance coverage, agri inputs and market connect, covering the entire gamut of production and marketing both inside the country and outside.

Happiest Minds Awarded ‘Best Governed Company’ In The Medium Category At The ICSI National Awards 2022


Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital. Born Agile’, Mindful IT Company, today announced that it has won the “Best Governed Company in Listed Segment: Medium Category - National Awards for Excellence in Corporate Governance” and Company Secretary, Mr. Praveen Kumar Darshankar was presented with the “Governance Professional of the Year” award at the 22nd edition of the Institute of Company Secretaries of India (ICSI) National Awards 2022. Happiest Minds’ Executive Chairman, Mr. Ashok Soota has been conferred the “ICSI Lifetime Achievement Award for Translating Excellence in Corporate Governance into Reality for the year 2022”.

The ICSI National Awards for Corporate Governance was instituted in the year 2001; it identifies, fosters and rewards the culture of evolving globally acceptable standards of Corporate Governance among Indian Companies, bestowing the ICSI National Award for Excellence in Corporate Governance every year on the Best-Governed Companies in India. The awards were presented at a ceremony held on January 6, 2023, in Mumbai by an eminent jury headed by the Hon’ble Mr. Justice P. Sathasivam, Former Chief Justice of India.

Mr. Venkatraman Narayanan, MD & CFO, Happiest Minds Technologies, said, “We are happy and proud to receive both the best-governed company and ‘Governance Professional of the Year’ in the medium category for 2022.  It is a matter of great pride that these awards have come just within 2 years of being listed.  The acknowledgment from the Institute is testimony to the highest levels of Corporate Governance and practices we have tried to instill at Happiest Minds from its inception.  Being a good corporate citizen is a continuous journey and I am extremely thankful to our people and our Board for their continued support.”

Mr. Ashok Soota, Executive Chairman, Happiest Minds Technologies said, “it is a rare honor and privilege to be conferred the ‘Lifetime Achievement Award for Excellence in Corporate Governance’.  I would like to thank the Institute of Company Secretaries of India and the eminent Jury led by Hon’ble Mr Justice P Sathasivam for the same.”

Founded in 2011, Happiest Minds is recognized among India’s Top 50, Asia’s Top 100 and Top 50 India’s Best Workplaces™ for Women 2022 by the Great Place to Work® Institute. The company has won the prestigious Golden Peacock Award for Excellence in Corporate Governance 2022 and the Golden Peacock Business Excellence Award 2021. Designed for perpetuity, the company endeavors to mindfully leverage its digital technology-led business excellence for its people, clients and community, powered by its mission statement of “Happiest People . Happiest Customers”.

About Happiest Minds Technologies:

Happiest Minds’ Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, and more. Positioned as ‘Born Digital. Born Agile’, our capabilities span digital solutions, infrastructure, product engineering and security. We deliver these services across industry sectors such as automotive, BFSI, consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail, and travel/transportation/hospitality.

A Great Place to Work-Certified™ company, Happiest Minds is headquartered in Bangalore, India, with operations in the U.S., UK, Canada, Australia, and the Middle East.

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