Indian Institute of Management (IIM), Mumbai Wins The Cummins India REDEFINE 2023 B-School Case Study Competition

* SP Jain Institute of Management And Research, Mumbai Won The Runner-Up Award

One of the leading power solutions technology providers in the country, Cummins India, today announced the winners of its flagship B-school case study competition – REDEFINE 2023. The remarkable Team Vision from the Indian Institute of Management, Mumbai emerged as the competition champion clinching the coveted trophy and cash prize. Team Comeback from SP Jain Institute of Management and Research, Mumbai earned the runner-up award. Both winning teams will also be enrolled in an enriching mentorship program with the Cummins India leadership.

Themed around ‘Unlocking the Power of Digitalization in the Aftermarket’, this year’s edition of the annual competition drew participation from a staggering 3752 students across 938 teams representing 18 of the country’s premier B-schools. Following rigorous evaluation rounds, six finalist teams were selected and flown to Pune to partake in the two-day grand finale. The event featured enriching leadership talks and networking opportunities, exclusive tours of the Cummins Technical Centre India and the Kothrud Engine Plant and culminated with the jury evaluation round hosted at Cummins India Office Campus (IOC).

At the grand finale ceremony, the finalists presented their solutions to a panel of jury members from Cummins India that included Anupama Kaul, Human Resources Leader; Subramanian Chidambaran, Strategy Leader; and Vivek Malapati, Vice President, Distribution Business Unit and New and Recon Parts Organization. The event was attended by senior leaders and employees of the company.

Speaking on the occasion, Anupama Kaul, HR Leader, Cummins India, said, “My heartiest congratulations to all winners, finalists, and participants for their outstanding contributions, which have once again made REDEFINE a resounding success for the seventh consecutive year. REDEFINE, is designed to encourage students to tackle real-world business challenges with creativity and forward-thinking solutions. This annual event is a testament to Cummins India’s rich history of nurturing young minds and fostering a growth mindset. As a jury member, I had the privilege of witnessing the exceptional talent and ingenuity that emerging young talent brought to the table. The modern solutions and creative insights presented by the competing teams were sublime. It reaffirms our strong faith in the incredible potential and capabilities of the potential leaders.”

Subramanian Chidambaran, Strategy Leader, Cummins India, added, “REDEFINE is aimed at presenting complex business scenarios to aspiring business leaders, stimulating their intellect to solve real-world challenges with a blend of creativity and acumen. Year after year, REDEFINE provides us with the invaluable opportunity to engage with the brightest minds and the future stars of the business world. Their innovative thinking and visionary solutions consistently serve as a wellspring of inspiration for us. The winning teams of REDEFINE 2023 demonstrated not only analytical skills, but also strategic thinking, and an exceptional ability to present their solutions with clarity and persuasion. I extend my heartfelt wishes to the winners and hope this competition was an enriching experience for all participants.”

Leading up to the grand finale, the company organized a series of activities designed to engage the students and pique their curiosity. Cummins India also hosted a REDEFINE video podcast featuring jury members, Vivek Malapati and Subramanian Chidambaran. The podcast delved into the intricacies of the Aftermarket Distribution Network, and the operational dynamics of the On-Highway Distribution and shed light on this year’s case study theme. To familiarize the students with the company's mission, vision, business strategy, and technology, an interactive leadership session was arranged. Adding another layer of engagement was a quiz competition that evaluated participants’ knowledge of industry trends, business dynamics, technological advancements, and their understanding of Cummins.

The six shortlisted teams who participated in the grand finale included:

Hellios from the Indian Institute of Management (IIM), Lucknow

The Benchwarmers from Symbiosis Centre for Management and Human Resource Development, Pune

Vision from IIM, Mumbai

Synergy from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

Inquisitors from NMIMS, Mumbai

Comeback from SP Jain Institute of Management and Research, Mumbai

To learn more about REDEFINE 2023, visit Cummins REDEFINE | Cummins Inc and follow Cummins India on LinkedIn, Facebook, Instagram, and YouTube.

About Cummins India Limited:

Cummins India Limited, part of the Cummins Group in India, is headquartered in Pune since 1962 and is one of the leading manufacturers of diesel and natural gas engines for power generation, industrial, and automotive markets. Cummins India Limited has a country-wide network of 18 exclusive 4S dealerships with over 480 service points that provide parts, services, and after-market solutions for the uptime of Cummins equipment and engines to customers in India, Nepal, and Bhutan.

About Cummins Group in India:

Cummins in India, a power leader, is a group of complementary business units that design, manufacture, distribute, and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions, and electrical power generation systems. With its recent Meritor acquisition, Cummins has expanded its portfolio to include drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for commercial vehicles, and industrial markets. Its technology and pioneering initiatives are bringing innovative solutions and dependable services at the best possible value to users across the country. Its high-performance outlook is based on the customer focus, integrity, and the capability of its people. Part of the $28.1 billion Cummins Inc. USA, Cummins in India is a group of various entities with its presence in over 200 locations and 10,000+ employees.

IMDb Announces The Most Popular Indian Stars of 2023

*  Shah Rukh Khan is the Most Popular Indian Star of 2023, followed by Alia Bhatt 

*  Rankings are determined by the actual page views of the hundreds of millions of IMDb customers worldwide

IMDb, the world's most popular and authoritative source for information on movies, TV, and celebrities, today announced the Top 10 Most Popular Indian Stars of 2023, a unique list which is determined based on the actual page views of the more than 200 million monthly visitors to IMDb worldwide. Shah Rukh Khan, the IMDb No. 1 Indian celebrity of 2023, appeared in two blockbusters (Pathaan and Jawan), generating unrivaled, worldwide fan interest this year.

“From Shah Rukh Khan’s return to the big screen with two blockbusters, to Alia Bhatt starring in international thriller Heart of Stone, the IMDb Most Popular Indian Stars of 2023 list reveals the Indian stars who generated the most fan excitement and engagement across the IMDb global audience this year,” said Yaminie Patodia, head of IMDb India. “Our unique year-end top 10 list is compiled based on the page views of hundreds of millions of fans globally who rely on IMDb to discover, decide what to watch, and learn more about their favorite stars.”

Thanking her fans, Alia Bhatt (ranked No. 2) said: “IMDb is the true representation of the audiences’ choices. I’ve always believed that they are the real kings and queens, and nothing is beyond them. I thank my audience for bringing me to the position that I am at. While I hope to continue entertaining them, I am filled with only love and gratitude. I also promise to keep working hard and bringing more inspiring stories and characters on screen.”

Wamiqa Gabbi (ranked No. 4), reflecting on her inclusion on the definitive IMDb Top 10 list for the first time, said: “This is my debut on the IMDb Most Popular Indian Stars list, and I am delighted! The fact that IMDb represents the sentiment of the global audience makes this even more special for me. From Vishal Bhardwaj's spy thriller Khufiya and Vikramaditya Motwane’s period drama Jubilee, to the heartwarming web series Modern Love Chennai, and as well as the Punjabi film Kali Jotta, I’ve had a busy year working across genres and languages, and it makes me happy and grateful that my fans have appreciated that. I look forward to working with the same dedication on my upcoming projects and returning the love showered upon me.”

IMDb Top 10 Most Popular Indian Stars of 2023*

Shah Rukh Khan

Alia Bhatt

Deepika Padukone

Wamiqa Gabbi

Nayanthara

Tamannaah Bhatia

Kareena Kapoor Khan

Sobhita Dhulipala

Akshay Kumar

Vijay Sethupathi

*The IMDb Top 10 Most Popular Indian Stars of 2023 list is comprised of stars who consistently ranked the highest on the IMDb weekly rankings throughout 2023. These rankings are based on the actual page views of the more than 200 million monthly visitors to IMDb worldwide. 

Additional information about this year’s Most Popular Indian Stars:

Alia Bhatt ranked No. 2 for the second year in a row, starring in two big releases in 2023, Rocky Aur Rani Kii Prem Kahaani and Heart of Stone. She also made her Met Gala debut earlier this year, while her 2022 film RRR went on to win an Academy Award and a Golden Globe for Best Original Song.

Nayanthara (No. 5) made her Hindi film debut in Jawan with Shah Rukh Khan (No. 1), whereas Deepika Padukone (No. 3) also starred with Khan in Pathaan and Jawan. Padukone’s appearance on the chat show Koffee with Karan with her husband Ranveer Singh also made headlines.

Tamannaah Bhatia (No. 6) worked across regions, languages, and platforms. She starred in streaming films Lust Stories 2, Jee Karda, and Aakhri Sach, starred in the theatrical release Bholaa Shankar, and made a cameo appearance in Jailer.

Kareena Kapoor Khan (No. 7) made her OTT debut with Jaane Jaan, and her movie The Buckingham Murders had its world premiere at the BFI London Film Festival.

Vijay Sethupathi (No. 10) made two debuts this year—his first Hindi film, Jawan, and his first Indian web series, Farzi.

To learn more about this year’s IMDb Most Popular Indian Stars, watch this video:  https://www.imdb.com/video/vi4130326297/ and view the full list here: https://www.imdb.com/list/ls526076995/

About IMDb

IMDb is the world's most popular and authoritative source for information on movies, TV shows, and celebrities. Products and services to help fans discover and decide what to watch and where to watch it include: the IMDb website for desktop and mobile devices; apps for iOS and Android; and, X-Ray on Prime Video. For entertainment industry professionals, IMDb provides IMDbPro and Box Office Mojo. IMDb licenses information from its vast and authoritative database to third-party businesses worldwide; learn more at developer.imdb.com. IMDb is an Amazon company. For more information, visit https://www.imdb.com/press and follow @IMDb_in.

Toyota Kirloskar Motor Inks MOU With Government of Karnataka For Next Round of Investments Towards Setting-Up of A New Plant

Highlights

New plant to be completed in 2026, with investments of around INR 3,300 crores.

New Plant is expected to ramp-up production capacity by 1,00,000 units, annually.

Expected to generate around 2000 numbers of additional employment

Investments aimed at building on TKM’s 25-years of remarkable journey in India

Staying true to its commitment of “Make in India” and producing “Mass Happiness for All”, Toyota Kirloskar Motor (TKM) today signed a Memorandum of Understanding (MOU) with the Government of Karnataka to enhance its existing operations in the country through fresh investments.

The investments of around INR 3,300 crores, coinciding with the landmark occasion of TKM’s 25-years of operations in India, involves setting-up of a new plant thus adding to capacity thereby resulting in a substantial boost to the local manufacturing eco-system, along with ushering new technologies to create “mobility for all”. This will be the company’s third plant in India, all situated at Bidadi near Bangalore, in Karnataka. This development also brings with it, potential for further investments and job creation given the expected growth in the supplier ecosystem.

The Memorandum of Understanding with the Karnataka government was signed and exchanged today by Hon’ble Chief Minister Shri. Siddaramaiah, Government of Karnataka and Mr. Masakazu Yoshimura, Managing Director and Chief Executive Officer, Toyota Kirloskar Motor in the august presence of Shri M. B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka, Mr. Swapnesh R. Maru, Executive Vice President & Chief Compliance Officer, Mr. Vikram Gulati, Executive Vice President, Mr. Sudeep Santram Dalvi, Senior Vice President & Chief Communication Officer, and other top executives of Toyota Kirloskar Motor.

This investment is a part of TKM’s continued long-term commitment of building upon 25 years of its history, by participating towards the next 25 years, which manifests the company’s strong contribution towards “Make in India” and “Atma Nirbhar Bharat” missions leading towards Prime Ministers vision of “Amrit Kaal” (Golden Era). The new investments will also add impetus to the augmentation of the local ecosystem by spurring growth of its supplier base, further job creation and support to local community development in the State of Karnataka.

“Karnataka, as the pioneer in releasing a dedicated EV policy in 2017, updated in 2021, stands as the leader in attracting investments of Rs 25,000 crore, spanning the entire EV value chain. With approximately 2 Lakh EVs registered in the State, Karnataka is steadfast in reshaping the mobility landscape, Shri M. B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka.

Furthermore, the Government is coming up with a new clean mobility policy that aims to position Karnataka as the premier destination for Electric Vehicle (EV) manufacturing, spanning the entire value chain from battery and cell manufacturing, component production, original equipment manufacturers, charging and testing infrastructure, to research and development. With this, the government aims to attract investments of Rs 50,000 crore across the entire EV value chain, generating approximately 100,000 new jobs, and establishing a comprehensive and supportive EV ecosystem in the State”, Shri Patil added.

Commenting on India’s strategic importance, Mr. Masahiko Maeda, Chief Executive Officer of Asia Region, said “The Indian market has always been of great importance to us. We are confident that with the new investments in India, we will further elevate TKM’s role in our global vision for a more promising future by creating sustainable mobility solutions that enrich people’s lives worldwide.

We believe carbon is the real enemy and globally, we will continue to challenge the approach of transforming mobility with focus on ‘Diversity, Intelligence & Electrification’ with the ultimate goal of Carbon Neutrality. We will continue to focus on each region’s mobility goals with greater agility, by introducing and supporting clean technologies considering various factors such as the country’s energy mix, infrastructure readiness, unique consumer profile and needs.”

Speaking on the occasion, Mr. Masakazu Yoshimura, Managing Director and Chief Executive Officer, Toyota Kirloskar Motor said, “As a future ready mobility company, we are certain that today’s significant MOU with the State Govt. of Karnataka for the new plant will positively contribute through consequent employment generation and expand adoption of advanced clean technologies. We will continue to work together with the government to develop a world-class local ecosystem that promotes the best solutions for India by focusing on improving energy security, promoting economic growth & achieving Carbon Neutrality.

Importantly, Toyota continues to be highly positive on the Indian market. we have steadily grown our business and supply chain in line with making India a global hub for manufacturing. For over a decade, TKM has been spearheading the skilling efforts for students from economically challenged backgrounds, enabling to create world class skilled technicians and enhancing employability thus making a difference to the surrounding communities and contributing to ‘Skill India’ through its initiatives of Toyota Technical Training Institute (TTTI) and Toyota Technical Education Program (TTEP). As of now, TTTI has trained close to 1,000 students from Karnataka and through TTEP 12,000 students have been trained from 63 Institutes across 26 states of India. Going forward, we remain committed to the mission of providing world-class skills training and fostering the development of skilled professional thereby bringing ‘mass happiness to all’.     

As a further boost to the company’s contribution to “Make-in-India”, we are very pleased to state that the new investments will enhance TKM production capacity by 1,00,000 units and adding around 2,000 new jobs. The new development also brings with it the potential for further growth in the supplier ecosystem. As we celebrate TKM’ s 25 years in India, this journey is a testament to the passion, hard work and dedication of our Toyota team and various stakeholders. I thank and congratulate each of them for their valuable contribution in creating a sustainable future for all, with no one left behind”

Last year, Toyota Group of companies that constitutes of Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts (TKAP) had signed and announced their Memorandum of Understanding (MOU) with the Government of Karnataka to invest INR 4,100 crores aimed at making deeper cuts in CO2 emissions and enhance electrification and fast pace shift towards greener technologies. TKAP is the best-case point of India’s emergence as a global manufacturing hub of strategic importance through continued commitment for mass electrification by producing not only for India but for exports as well. 

Journey of past 25 years embodies TKM’s contribution to India and the State of Karnataka:

Over the last 25 years, Toyota has well established itself as a bedrock for sustainability and innovation in manufacturing in the state of Karnataka. Thriving on the belief of ‘Grow India – Grow with India’, which showcases strong commitment to India, Toyota Group of companies, including Toyota Kirloskar Motor, Toyota Kirloskar Auto Parts and Toyota Industries Engine India has invested more than INR 16,000 crores and created close to 88,000 jobs in the entire value chain, including supplier and dealer partners. Underlining its philosophy of making in India not only for India but for the world, Toyota’s cumulative export contributions also stands at approx. INR 30,000 crores.

Furthermore, TKM alone has already touched approx. 2.2 million lives through its strategic Corporate Social Responsibility interventions in the country.

TKM going strong in India:

As a trusted mobility partner, TKM has sold over 2.3 million units of vehicles in India with its strong and versatile product line-up. The journey began with the iconic Qualis to its recent offerings of the New Rumion, New Vellfire. Models produced include the iconic Hilux, Camry Hybrid and the Glanza, the people’s car Innova HyCross and the Urban Cruiser Hyryder, to segment leaders of the Fortuner, Legender and the New Innova Crysta.

Future focus - TKM’s continued commitment towards clean and green technology for India

Toyota has integrated CO2 reduction effort throughout the vehicle life cycle, aiming to achieve Toyota Environmental Challenge and Carbon Neutrality targets for 2050. One such significant step towards energy management was the adoption of alternative Renewable Energy (RE) sources. The company has achieved 100% RE in grid electricity from June 2021.

Looking ahead, Toyota will continue to focus on building ever better and greener cars thus delivering ‘Mass Happiness to All’ for meeting the evolving customer’s needs by adopting multiple pathways to enable energy shift away from fossil fuel and aiming for CO2 mitigation in the fastest possible manner.

Photo Caption - Chief Minister Shri. Siddaramaiah, Government of Karnataka; M. B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka; and Mr. Masakazu Yoshimura, Managing Director and Chief Executive Officer, TKM; along with the Management of TKM.

Çelebi India Elevates Ground Handling Excellence In Ahmedabad

Çelebi India, a cornerstone of the aviation services industry, proudly announces the expansion of its ground handling operations in Ahmedabad, marking a new chapter in its commitment to operational excellence and sustainable practices.

Çelebi India showcased its world-class capabilities by servicing Thai Air Asia's inaugural flight from Bangkok to Ahmedabad. This event not only symbolized Çelebi's unwavering dedication to service but also reinforced its position as the preferred ground handling partner for leading airlines.

With a robust infrastructure and a proficient team of over 6,000 employees, Çelebi Ground Handling India stands at the forefront of managing the increasing flux of flights and passengers. The company's eco-conscious approach is embodied in its adoption of electric tarmac coaches, cargo towing tugs and most of its ground support equipment, contributing to the aviation industry's journey towards a greener future. Çelebi India is aligned with Adani Airports' vision of reshaping airports with the aim of transforming passenger experiences while being mindful of environmental conservation and bringing in elements of sustainability across the value chain. Along with the Adani airport management in Ahmedabad, Çelebi India is committed to providing world-class ground handling services.

Tauseef Khan, CEO of Çelebi Ground Handling India, articulates this vision: “The resurgence of air travel demand at Ahmedabad airport calls for unparalleled service and infrastructure. Our collaboration with Thai Air Asia epitomizes our pledge to facilitate regional aviation growth while steadfastly pursuing sustainability.”

In response to this collaboration, Mr. Santisuk Klongchaiya, Chief Executive Officer, Thai AirAsia, said, “India is currently experiencing one of the fastest-growing aviation markets in the world. We are excited to announce that we have now commenced our operations in Ahmedabad. We want to extend our warm congratulations to Çelebi for establishing a sophisticated and efficient ground-handling infrastructure in Ahmedabad. We are confident that their excellent services will provide our passengers with seamless on-ground experiences. We look forward to continuing our partnership with them as we expand our presence in India.”

Complementing its extensive operations across major Indian hubs, Çelebi India's latest service extension to Chennai Airport underscores its strategic expansion and influence in shaping India's aviation service sector.

About Çelebi: With a strong legacy spanning over 65 years, Çelebi's global presence moves across several countries, including Tanzania, Germany, Hungary, Turkey and India. As a prominent full-service ground handling service provider, Çelebi stands tall with over 13,000 dedicated employees, supporting 300+ customers across 44 airports worldwide.

TCSRD Launches Inspirational Para-Sport Training Program In Porbandar With Ace Athlete Bhima Khunti’

~ Empowering Abilities, Transforming Lives ~

TCSRD, the Corporate Social Responsibility arm of Tata Chemicals Limited announced a pioneering para-sport training program in Porbandar today. This initiative has been launched in collaboration with renowned Bhima Khunti, who has personally overcome physical challenges to pursue his passion for sports. Bhima is a part of the Indian wheelchair cricket team, Captain of the Gujarat wheelchair cricket team, and a state-level gold medallist in the wheelchair hurdle race, discus throw, and shotput.

The event witnessed the presence of key dignitaries including, Dr. Manish Kumar Jilaniya – District Sports Office, Porbandar; and sports enthusiast Jesal Kadchha, who joined in celebrating this momentous occasion. The program emphasised on inclusivity and support for para-sports reflecting TCSRD's commitment to fostering opportunities and enabling individuals like Bhima Khunti to showcase their exceptional abilities.

In a succinct six-month initiative, TCSRD's para-sport training program in Porbandar aims to train 20 local youth for National and International competitions. This transformative endeavour will provide comprehensive support, including essential equipment, expert coaching, and mentoring. Bhima Khunti, the inspirational athlete at the heart of this initiative, symbolises resilience, determination, and an unwavering passion for sports. His remarkable journey aligns well with Tata Chemicals' broader vision to elevate the quality of life within communities.

Talking about the significance of this initiative, N Kamath, Chief Manufacturing Office & Plant Head (Mithapur), Tata Chemicals Limited said, we recognise the imperative to extend desired attention and acclaim to para-sports and the multitude of talents within our nation. Through this program, we aspire to cultivate a culture of inclusivity in sports. Despite para-athletes emerging as ambassadors for national campaigns, significant challenges persist, including the scarcity of academies for para-athletes, coaches, and infrastructure, besides battling societal stigma. There exists a crucial need for heightened awareness, inclusion, and recognition of para-sports in India, coupled with increased investments and innovations in this domain.”

“Welcoming sportsman Bhima Khunti aboard, this mission is a substantial step towards championing this cause. His esteemed stature and remarkable accomplishments will inspire many. We are steadfast in our commitment to contribute to the global recognition of Indian para players, making them a formidable force on the international stage.” he added.

In recent years, India's para-sports scene has witnessed significant growth. In the 2023 Asian Para Games, India crossed the 100 medal mark and bagged 111 medals - 29 gold, 31 silver and 51 bronze. In Tokyo Paralympics 2021, India bagged 19 medals, including five golds.

Sharing his enthusiasm, Bhima Khunti commented, “I am thrilled and deeply honoured to embark on this transformative journey with TCSRD. This association goes beyond just a training program; it is a testament to the power of perseverance and the belief that sports can break barriers. Tata Chemicals' commitment to para-sport aligns seamlessly with my own journey, and I am grateful for the opportunity to contribute to the empowerment of youth in Porbandar. Together, we aim to inspire, overcome challenges, and redefine possibilities in the world of para-sport. I look forward to a fruitful partnership that not only enhances sporting skills but also fosters a sense of community and inclusivity.”

TCSRD, the social responsibility wing of Tata Chemicals Limited is committed to creating positive societal impacts through innovative initiatives, aligning with the organisation’s broader vision of responsible corporate citizenship.

About TCSRD  

Established in 1980, the primary aim of Tata Chemicals Society for Rural Development (TCSRD) is to initiate and support community development programs in and around regions where Tata Chemicals Limited facilities are located. While each region is different in terms of geographic spread, subcultures, and socio-economic requirements, TCSRD strives to protect, nurture, and uplift the communities by adopting an integrated approach to development and designing region-specific need-based programs. 

About Tata Chemicals Ltd. 

A part of the US$ 150 billion Tata Group, Tata Chemicals Limited, is a leading supplier of choice to Glass, Detergent, industrial, and chemical sectors. The company has a strong position in the crop protection business through its subsidiary company Rallis India Ltd. Tata Chemicals has world-class R&D facilities in Pune and Bangalore.

Niva Bupa Marks Its Entry In Jayanagar, Bengaluru

~Move part of Company’s Pan-India expansion strategy~

Niva Bupa Health Insurance (formerly known as Max Bupa Health Insurance) in line with its purpose to give every Indian the confidence to access best healthcare is expanding its reach to Jayanagar in Bangalore. The company plans to protect over 8000 lives over the next few years and grow at about 54% against its current growth rate of 49% at a Pan India level. The company also intends to recruit about 400 advisors in the next one year and expand the same to over 2000 over the next few years. The company has tied up with close to 15 notable hospitals in Jayanagar and currently has 390 active providers in the city where the customer can avail the cashless facility.

Niva Bupa will bring business opportunities for people in the city by providing adequate training programs and encouraging housewives and senior citizens living in the city to become insurance agents, thereby helping them to become financially independent.

Speaking on the development, Ankur Kharbanda, Director & Chief Distribution Officer, Niva Bupa Health Insurance said, “We are excited to mark our entry in Jayanagar. This expansion is part of our strategy to increase our footprints across India and make health insurance available all across the country. The populous state of Karnataka holds strategic importance for Niva Bupa as it significantly contributes to our total business across all states.

Only about 4.8% of the state’s population is currently covered under retail health insurance and hence there is immense potential to penetrate this market from a health insurance standpoint. With expansion into newer cities like Jayanagar in Bangalore, we will provide health insurance coverage to more people in this state and thereby increase the contribution of Karnataka in our overall GWP.”

Niva Bupa is one of the fastest-growing companies in India’s health insurance market, consistently growing with a CAGR of 49% since FY20. In line with this growth rate, the company expects to grow at a CAGR of 54 % in the city of Jayanagar in the next five years to achieve a gross written premium of over INR 8 lakhs by FY 27-28.

Niva Bupa is one of the most trusted brands in the country with more than a decade’s experience in offering quality healthcare support to people. The company offers a wide range of affordable, comprehensive, and disease-specific products as per customers’ varying health needs. The robust product portfolio of Niva Bupa includes indemnity products like ReAssure, Reassure 2.0, Senior First, Personal Accident plan, Health Companion, GoActive, Health Premia, and Health Pulse.

About Niva Bupa (Formerly known as Max Bupa)

Niva Bupa Health Insurance Company Limited is committed to offering every Indian the confidence to access the best healthcare - 'Zindagi Ko Claim Kar Le'. A JV between True North, a leading Indian private equity firm, and the UK based healthcare services expert, Bupa Singapore Holdings Pte. Limited. Niva Bupa currently has over 200 offices pan India. It additionally offers health insurance through its 20 bank partners spread across 45,000+ branches.

Niva Bupa currently covers 10 million lives and has 10,100+ hospitals as part of its network where customers can avail cashless treatment. The company has been empowering consumers since 2010 with innovative products and solutions across all age groups in urban & rural markets. It is one of the fastest-growing health insurance companies with an annual average of 90%+ claim settlement ratio.

With an employee base of over 8000 people, Niva Bupa is an 'Employer of Choice' with a strong value-based culture and a sustainable business model to build a healthier future.

UST Opens New Office At International Tech Park Hyderabad

* Advanced new facility will be home to cutting-edge research initiatives in several dynamic sectors, including telecom, Hitech, retail, and insurance, and the fourth Development center in India with Innovation Labs

* Currently over 2000 employees in Hyderabad; Plans to double the headcount to 4000 employees in the next two to three years

UST, a leading digital transformation solutions company, has inaugurated its new office at International Tech Park Hyderabad.  The modern 1,18,000-square-foot facility, with the provision of more expansion in the future, will accommodate over 2000 UST employees in Hyderabad and act as a center for innovative research and development in emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML), and IoT. The company plans to double headcount to 4000 employees in Hyderabad in the next two to three years.

The new office is equipped with the latest in innovative and collaborative technology. It boasts board rooms with advanced video conferencing capabilities, dedicated video conference rooms, and discussion rooms, apart from workstation seats. The facility's layout also reflects UST’s emphasis on creating a unique and open workplace culture with collaboration spaces, training rooms, recreation spaces, a wellness room, and even a room for nursing mothers. These features align with UST’s global initiative to create welcoming workspaces for its employees, efforts that have seen UST recognized across a range of markets as a Great Place to Work and a global Top Employer in addition to being included on prestigious lists such as the Top 100 Best Companies for Women and the Most Inclusive Companies Index.

UST’s presence in Hyderabad has expanded rapidly since beginning operations in 2018 with just 250 employees, and it celebrated crossing over 1000 employees in 2021. Today, it is one of UST’s fastest-growing development centers in India, alongside the company’s dedicated software delivery and development centers in 

The new facility was inaugurated in a ceremony attended by Jayesh Ranjan, Principal Secretary of Industries & Commerce (I&C) and Information Technology (IT) for the Government of the state of Telangana, as well as Krishna Sudheendra, Chief Executive Officer, and Alexander Varghese, Chief Operating Officer, UST. Other UST executives present included Sunil Balakrishnan, Chief Values Officer and Global Head of Development Center Operations; Venkata Peram, Center Head, Hyderabad; Harikrishnan Mohankumar, Sr. Director and Head Workplace Management & Operations- APAC; Tinu Cherian Abraham, Director, and Head – Global PR & Media Relations, Kishore Krishna, VP - Talent Acquisition, Ashok G Nair, Sr. Director – Enterprise solutions, Ranjith Ravindran, Director- Cloud infrastructure services, Ramya Kannan, VP- Office of the CIO at UST and Dr. Anand Vijayasankaran, Professor at Indian School of Business, Hyderabad.

“We want to thank the Government of Telangana and CapitaLand Investment for collaborating with us to launch our UST’s expanded new office in Hyderabad. This expansion will enable us to tap into the rich local talent pool as we strengthen our capabilities across various strategic domains and technologies. We look forward to making a positive impact on the communities we serve and continuing to contribute to the growth of Hyderabad as a focal point for the global IT industry,” said Alexander Varghese, Chief Operating Officer, UST.

“Hyderabad is known globally as a hub of innovation, agility, and speed. At UST’s Hyderabad offices, we transform businesses by bringing the best characteristics of this exciting city to the work we do every day. As UST’s presence in Hyderabad continues to grow, I am proud to work alongside world-class innovators to deliver cutting-edge solutions that help our clients thrive in the digital era,” said Venkata Peram, Center Head – Hyderabad and Senior Client Partner, UST.

“The inauguration of UST's new campus at CapitaLand's International Tech Park Hyderabad reinforces our commitment towards developing an ecosystem of modern workplaces, that fosters innovation and collaborative growth within our thriving global business community. We are delighted to welcome them, and wish them great success in charting a new chapter in the advancement of modern SaaS solutions and AI technologies across diverse sectors,” said Gauri Shankar Nagabhushanam, Chief Executive Officer, India Business Parks, CapitaLand Investment.

A team of skilled engineers and researchers will be based out of the new office’s engineering lab, working with clients, partners, and academia to create innovative solutions that drive growth and create value. The Innovation Lab in Hyderabad is UST’s fourth in India, joining others in Thiruvananthapuram, Kochi, and Chennai. The advanced lab will be in the center of Hyderabad’s flourishing innovation ecosystem, near top academic institutions like IIT, ISB, and IIIT Hyderabad, and T-Hub, the Telangana startup hub.

A wide range of exciting work will take place at the new Hyderabad office, including the development of SAS platform practices and research and development in AI, CIS, and engineering. Over the next two years the site will transition to a global capability center to meet demand in the healthcare, pharmaceuticals, telecom, manufacturing, retail, and insurance sectors.

Hyderabad and Telangana are home to a dedicated and skilled technology workforce. In addition, the state government of Telangana has worked with leaders in the technology sector to establish a dynamic environment that fosters innovation and boosts economic growth. UST has also entered into a corporate partnership with T-Hub to leverage the rapidly growing innovation ecosystem in Telangana. This partnership will enable UST to co-create cutting-edge technology-enabled solutions with the startups to solve customer problems.

About UST

For more than 24 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.