Dvara KGFS Wins Award For Risk & Analytics – Best Analytics-Driven Project

~ The Location Analytics system helps wealth managers to take the optimal route for collections ~ 

Dvara Kshetriya Gramin Financial Services Private Limited (Dvara KGFS), a leading NBFC operating in remote rural parts of India, has won the Risk & Analytics – Best Analytics-Driven project award under the subcategory of Micro Finance Company. The award was presented by Quantic India, an internationally recognised Business Media Company, at the 2nd Annual NBFC and FinTech Excellence Awards Mumbai – in the month of March 2023. 

Dvara KGFS was recognised for their Location Analytics system, which helps wealth managers take the optimal route for collections. The system uses advanced technologies like Python, Java, Angular JS, ML clustering (K means algorithm), customized Dijkstra Algorithm, and Geo Analytics to extract insights and make decisions based on geographical data. 

The Location Analytics system uses latitude and longitude to cluster data and provide optimised routes for each branch, while also ensuring appropriate dates and times for centre collections. The system improves efficiency, increases productivity, enhances customer experience, aids in real-time adjustments, saves cost and helps in hyper monitoring. 

Mr Bragadeesh, Chief Data Science Officer, Dvara KGFS, received the award on behalf of the company and expressed gratitude towards Quantic India for recognising their work. He also mentioned that this recognition will inspire Dvara KGFS to invest more time and effort in Data and Analytics in different areas of work for achieving better results and increased efficiencies. 

Quantic India is a prestigious group with over 10 years of experience managing BFSI, Supply chain, FMCG and B2B Summits. Dvara KGFS is privileged to have received the award from them and will continue to work towards providing a secure platform for customers in remote areas of India. 

Shoppers Stop Appoints- Kavindra Mishra As Chief Commercial Officer For External Brands And CEO Of Home Stop

Shoppers Stop, India’s leading premier fashion and beauty omnichannel destination has announced the appointment of Mr. Kavindra Mishra as ‘Chief Commercial Officer for External Brands and CEO of Home Stop.’

Kavindra has more than 20 years of retail experience and comes from the House of Anita Dongre where he worked as Managing Director. An IIM-Bangalore alumnus, Kavindra had earlier stints with leading retail companies like Pepe, ABFRL, Benetton and Arvind among others in leadership positions.   

Commenting on the appointment, Mr. Venu Nair, Customer Care Associate MD and CEO at Shoppers Stop Ltd said, “Kavindra brings a wealth of retail experience, that will provide strategic leadership to our External Brands and planning. He will further bring in special focus to our home business, as the CEO of Home Stop, where we see significant opportunity for growth.  We are confident Kavindra’s appointment will add significant value to the organizing and drive business to the next level.” 

Commenting on his appointment Mr. Kavindra Mishra, Chief Commercial Officer for External Brands and CEO – Home Stop, Shoppers Stop said, “It has always been my desire to continuously learn and upgrade my skill sets to contribute to the organization and teams of which I am a part. In this journey, I am delighted to work with India’s foremost retailer Shoppers Stop and deliver an unmatched consumer experience across formats”. 

Gallagher Insurance Brokers And Almond Solutions Join Hands To Offer Embedded Insurance And Care Protection Packs

Gallagher Insurance Brokers Pvt Ltd, a leading US-headquartered global insurance and risk management firm, has announced a partnership with Almond Solutions,  one of India's leading B2B channel engagement solution companies, to offer embedded insurance and care protection packs to over 30 lakh B2B channel partners on Channelverse, a cloud-based channel engagement, loyalty rewards and experience ecosystem of Almond Solutions.

This industry-first initiative will allow Gallagher Insurance Brokers Pvt Ltd to leverage Almond Solutions' technology expertise and extend embedded insurance and care protection packs to 30 lakh B2B channel partners like retailers, carpenters, painters, etc., enrolled on Almond's Channelverse. The alliance will also make embedded insurance and care protection packs seamlessly integrated into the loyalty and rewards programs, providing a one-stop solution to the channel partners.

As part of the partnership arrangement, Gallagher India will facilitate easy insurance solutions through leading insurance companies in India across a few segments like lifestyle, SMEs, individuals, short and long-term trips, wellness, gadgets and electronic products. The embedded insurance and care protection packs will be available to B2B channel partners on Channelverse very soon.

Talking about this partnership, Yashesh Sampat, Head - of Affinity and Association, Gallagher Insurance Brokers Pvt Ltd., said, "We are excited to partner with Almond Solutions to offer our embedded insurance and care protection packs on Channelverse. This partnership will enable us to provide our partners with a unique value proposition, helping them to differentiate themselves from their competitors and better serve their customers. Such initiatives will definitely help in pushing the insurance penetration”.

Abhinav Jain, Co-founder & CEO of Almond Solutions added, "We are thrilled to join hands with Gallagher, a leading insurance broker in the market Our cloud-based b2b channel engagement and loyalty platform, Channelverse, offers a modern and flexible way for brands to engage and reward their B2B channel partners. This partnership will create tremendous value and trust between our clients and their B2B channel partners. This association marks a significant milestone for Almond Solutions in realizing its vision of becoming India's most trusted B2B channel engagement solution provider." said.

About Gallagher Insurance Brokers Pvt Ltd.:

Gallagher is a leading provider of risk management services, general insurance broking and risk solutions in India.. With a heritage dating back to 1927, Gallagher Insurance has grown to become one of the largest insurance brokers in the world. The company has over 39,000 employees and operates in more than 150 countries.

About Almond Solutions:

Almond helps companies efficiently accelerate distribution-led revenue growth. Since 2020, Almond Solutions has been helping enterprises of all sizes empower and scale their channel engagement with their award-winning B2B loyalty and rewards, interactive product education, and online events ecosystem, Channelverse.

Cepheid Announces The Launch Of Its First Manufacturing Unit In India

·         The facility has been set up to manufacture tuberculosis testing cartridges

·         Through this investment the company hopes to aid India in its goal of eradicating tuberculosis by 2025

Cepheid, a leading global molecular diagnostics company, today announced the launch of their first manufacturing unit in India at Mahadeva Kodigehalli, Bengaluru. The 77,000 square-foot facility will manufacture the company’s industry-leading Xpert® tuberculosis testing cartridges for India and other countries. 

The facility was inaugurated by Dr K. Sudhakar, Hon. Minister for Health & Family Welfare and Medical Education, Govt. of Karnataka, and Mr Laurent Bellon, Senior Vice President, Operations, Cepheid USA in the presence of Mr. Srinath Venkatesh, President, Danaher India and Mr. Ravikumar Venkataraman, Vice President, Danaher India Development Center.

The launch of the new manufacturing unit in India represents a significant milestone for Cepheid, as it strengthens the company's commitment to providing accessible and high-quality molecular diagnostic solutions to health care providers and patients in the region.

Speaking on the occasion, Dr K Sudhakar, Hon. Minister for Health & Family Welfare and Medical Education, Government of Karnataka, “I would like to congratulate and thank Cepheid for choosing Karnataka for setting up its first manufacturing facility in South Asia. The CBNAAT device manufacturing unit will also strengthen the Hon. Prime Minister Narendra Modi’s vision of making India Tuberculosis free by 2025.”

Commenting on the milestone, Laurent Bellon, Senior Vice President, Operations, Cepheid USA, said, “We are thrilled to announce the launch of our first manufacturing unit in India. The Make in India program represents our vision of furthering India's growth and development in the molecular diagnostic ecosystem. We are proud to be a critical partner in the country's efforts to improve healthcare outcomes and eliminate TB. This new manufacturing facility illustrates our strong commitment to India.”

The Cepheid manufacturing project in India was initiated in 2018 to support the dynamic India market. In line with the Government of India’s "Make in India" policy, the local manufacturing of components will make Cepheid's MTB kits more accessible while strengthening the broader molecular diagnostics production capabilities in the country.

“We are proud to contribute to India’s long-term sustainability goals and help eradicate TB by 2025”, said Jai Shankar Krishnan, President – High Growth Markets, Danaher Corporation. “This initiative is driven by our honorable Prime Minister Shri. Narendra Modi. Towards this cause and Danaher’s commitment to India, we are excited to leverage the “Make in India” initiative by opening a manufacturing site in Bangalore for Cepheid that will help more than 10 million Indian population to be tested for TB along with other tropical diseases.”

Cepheid has almost 50,000 GeneXpert® Systems installed globally, including systems across 35 states and union territories in India.

“The manufacturing site provides a fantastic Gemba for our product developers – understanding how our products are built helps us design next generation products,” stated Venkataraman Ravikumar, Vice President, India Development Center. “And for the manufacturing teams, India Development Center (IDC) provides a window into future products and solutions that are anticipated in the market.”

Cepheid is the molecular diagnostic provider of choice in every one of the 30 high burden TB countries (as defined by WHO). The Cepheid GeneXpert® system and Xpert® test cartridges are a flexible testing platform that can deliver accurate and fast results that are simple to operates, where they are needed – from the lab to the point of care.

Jaguar Land Rover Partners With Tata Technologies To Accelerate The Digital Transformation Of Its Industrial Operations

* The collaboration with Tata Technologies will enable Jaguar Land Rover to deliver its modern luxury vehicles and experiences faster, using advanced digital technologies

Partnership with Tata Technologies is the key driver of Jaguar Land Rover’s fully connected, digital industrial strategy

* Tata Technologies will implement cloud-based Enterprise Resource Planning (ERP) software solutions that will revolutionise operations for employees and suppliers, delivering advanced interfaces, increased efficiency, and enhanced collaboration

* Further example of the development of strategic relationships with the wider Tata Group as part of Reimagine strategy

Jaguar Land Rover is partnering with Tata Technologies, the global engineering, product development and digital services company, to accelerate the digital transformation of Jaguar Land Rover’s industrial strategy. The first phase will include UK core production facilities, with solutions subsequently deployed to other global locations.

Tata Technologies will deliver end-to-end integrated Enterprise Resource Planning (ERP) to transform Jaguar Land Rover’s manufacturing, logistics, supply chain, finance and purchasing modules by bringing data and knowledge from multiple departments into one single source.

The intuitive new user interface of Tata Technologies award-winning software will drive stability in operations, improving visibility both between teams and for suppliers. The net result for the company will be a more agile, faster-to-market capability for new vehicles.

ERP is key to streamlining and consolidating information across core business areas. Creating a dedicated home for data and management processes across departments is fundamental to the transformation of how a business functions. ERP systems are also capable of aggregating, storing and interpreting data to provide insights instantly, helping companies respond to issues, challenges and opportunities in an agile and timely manner.

The agreement furthers Jaguar Land Rover’s alignment with the Tata Group of companies as part of its Reimagine strategy. Tata Technologies brings more than 30 years of experience in product and digital engineering, with a global network of over 11,000 employees and clients across multiple countries.

Speaking on the collaboration, Barbara Bergmeier, Executive Director of Industrial Operations, Jaguar Land Rover, commented: 

“The partnership with Tata Technologies will allow us to accelerate the transformation of our core ERP infrastructure to deliver the efficiency and usability we require for the future and our transformation objectives. It also demonstrates the power of being part of the Tata Group to help us to achieve targets for our supply chain and wider industrial operations.”

Warren Harris, MD and CEO, Tata Technologies, commented:

“The ERP transformation collaboration with Jaguar Land Rover is another milestone in a nearly two-decade relationship with Tata Technologies. The trust awarded by Jaguar Land Rover reaffirms our long-standing expertise in automotive engineering and digital solution offerings. We believe this collaboration will help Jaguar Land Rover to build innovative and sustainable vehicles and achieve faster time to market using new-age digital technologies. We are delighted to strengthen our existing engagement with Jaguar Land Rover and are fully committed to deploying our digital engineering capabilities and assisting with the launch of their new generation of vehicles.”

Anthony Battle, Chief Digital & Information Officer, Jaguar Land Rover, commented:

“Jaguar Land Rover’s digital transformation will play a pivotal role in the business becoming more agile as part of Reimagine and fulfilling its potential as a tech leader. As part of our Digital 2024 programme, we are transitioning to a cloud-native digital landscape and the partnership with Tata Technologies enables us to take another important step on that journey.”

In addition to establishing a standard operating model, Tata Technologies will integrate SAP S/4 HANA and SAP BTP with the existing software to upgrade Jaguar Land Rover’s architecture as part of the company’s digital transformation strategy. The SAP S/4 HANA software package represents a shift from legacy ERP solutions to a modern cloud-based system, driving operational efficiencies and stability.

Adani Cement Wins Multiple Awards For Safety At OHSSAI Awards 2022

·         Adani Cement has been felicitated with a Gold Award in Road Safety and Silver Award for Safety by OHSSAI in the Manufacturing Sector.

·         Adani Cement’s Leaders have also been recognised for their contribution towards Safety and Sustainability over the years.

Adani Cement has been honoured with multiple awards for safety by the Occupational Health, Safety & Sustainability Association of India (OHSSAI). OHSSAI is a leading not-for-profit organization that focuses on innovative ideas in occupational health, safety, environmental & sustainability areas and recognizes companies and the leaders who demonstrate exceptional commitment to safety and health of their employees.

Adani Cement received awards in several categories in the Manufacturing Sector, including:

•                      OHSSAAI Road Safety Gold Award

•                      OHSSAAI Safety Silver Award

In the individual awards segment,

•                      Mr. Sukuru Ramarao, COO has been honoured with HSE Leadership Award for his immense contribution towards supporting the cause of HSE and Sustainability over the years.

•                      Mr. Pankaj Singh, Head – Safety, Manufacturing & Logistics has been recognized as the HSE&S Mentor of the Year for his contribution towards OHS and Road Safety.

Mr Ajay Kapur, CEO, Cement Business, said "We are proud to be recognized by OHSSAI for our safety achievements. Safety is an integral part of our overall business strategy, and we are committed to continually improving our safety performance and achieving excellence in all areas of our operations. Safety is everyone's responsibility, and we are committed to maintaining a safe and healthy workplace for our employees."

The awards presented to Adani Cement and its leaders are a testament to the Company's dedication to safety and the efforts it has made to create a safe and healthy work environment. These recognitions highlight Adani Cement’s commitment to sustainable practices in the manufacturing sector, and its focus on implementing best practices in health, safety, and the environment. The Company's safety initiatives have led to a significant reduction in accidents and injuries and have helped create a safer workplace for all its employees.

Aditya Birla Sun Life Nifty Bank ETF AUM Surpasses Rs 2,000 Crore In February; Registers 25x Growth In FY23

* Total AUM in ETF space managed by the fund house surpasses Rs 4,000 crore in February

Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, an investment manager to Aditya Birla Sun Life Mutual Fund, further strengthened its presence in the ETF space. The Aditya Birla Sun Life Nifty Bank ETF registered a growth of over 25x in its AUM during from 1st April 2022 to 28th February 2023 and surpassed the milestone of Rs 2000 crore.

The Aditya Birla Sun Life Nifty Bank ETF, an open-ended exchange-traded fund tracking the Nifty Bank Index, launched on 23rd October 2019 is for investors looking for long-term capital growth.

Nifty Bank Index is comprised of the most liquid and large-capitalized Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks.

Commenting on ETF’s milestone and growth, A. Balasubramanian, Managing Director and Chief Executive Officer, Aditya Birla Sun Life AMC Ltd. said, “We are thrilled to see a tremendous response from investors for Aditya Birla Sun Life Nifty Bank ETF. The strong performance of the banking sector has played a significant role in the success of the fund, and we believe that the trend will continue in the future. I firmly believe, a robust banking system is a must to support India’s growth.”

The asset under management for Aditya Birla Sun Life AMC Ltd in the ETF space has grown over 3x to over Rs 4000 crore as on the end of 28th February 2023 since the start of the current financial year.

In addition to Aditya Birla Sun Life Nifty Bank ETF, the other ETFs offered by the company have also witnessed substantial growth in AUM demonstrating the company's commitment to providing investors with a diverse range of investment options that cater to their needs.

FY23 Highlights of other ETF’s offered by Aditya Birla Sun Life AMC Ltd

1.      Aditya Birla Sun Life Nifty 50 ETF’s AUM up 72% at Rs 1095 crore

2.      Aditya Birla Sun Life Gold ETF’s AUM up 50% at Rs 534 crore

3.      Aditya Birla Sun Life Silver ETF’s AUM up 76% at Rs 169 crore

For disclosures of quarterly AUM/ AAUM and AUM by Geography, please visit our website: https://mutualfund.adityabirlacapital.com/

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.