Tuesday, March 12, 2024

A Unique Women’s Day: Iron Lady Celebrates 50+ Women Reaching Crore+ Yearly Income!


While the world celebrated women's day this week, the Iron Lady Community had some very special celebrations! Iron Lady celebrated 50+ Community members reaching Crore+ yearly income, with the majority of women doubling their income in a short span of 12-18 months. During the event held on 10th March at Hyatt, Bengaluru, many of these women shared how Business Warfare concepts created by Iron Lady platform helped them to fast-track their career journey and forge forward. Iron lady team also pledged to support 1000 more women to reach 1Cr+ income benchmark in the next 3 years.

Iron Lady, the leading leadership platform for women, shared their vision of supporting a million women to reach the top and this was backed by many women who have reached TOP already. Many of the women leaders present in the event shared that this was the most impactful way of celebrating women’s day for them.

This gathering not only honored these accomplished women but also inspired many aspiring women to take big audacious goals to reach greater heights in their journey.

With a thriving community of successful women and strong connections with global leaders, Iron Lady, led by Rajesh Bhat, Founder and CEO, and Suvarna Hegde, Co-founder and Director, equips women with breakthrough programs to fast-track their careers.

"We've been fortunate to witness the extraordinary journeys of thousands of Iron Ladies over the last 5 years. Seeing them reach top leadership positions and surpass the 1 Crore mark fills us with immense joy. This is just the beginning. We're committed to supporting a million women to reach the top in the next 10 years!" – Rajesh Bhat, Founder and CEO – Iron Lady.

The event was powerful, full of energy as more women took the oath to reach the Crore Club. Energy flowing in the room was high, with attendees expressing excitement and commitment to their goals. It was an inspiring demonstration of what determination and support can achieve.

Many attendees expressed their joy. Rajni R stated, "This event wasn't just a celebration. Now it has charged me up to shoot for the 1 Crore Income Club." Another attendee, Tulika Srivastava, says, "It was so empowering to meet women who actually shattered the glass ceiling and made it through. I’ve found new idols!"

The Crore+ Club event offered a unique opportunity for women who are part of the Iron Lady community to meet and network with accomplished leaders and learn from their journeys. The event was filled with engaging activities like Crore Club Interviews, business discussions, rapid fire questions to leaders etc.

Iron lady also launched a new anthem that can be the way of life for aspiring women, symbolizing the potential of women and their commitment to growth.

"We are grateful for the opportunity to support numerous women and witness their fast-track growth. 50+ Women achieving annual incomes exceeding 1 Crore is a significant source of pride for us, though 1Cr is just one such reference of growth. It makes us believe that it’s not long before a million women reach the top!" – Suvarna Hegde, Co-Founder, Director – Iron Lady.

"Globally, women encounter significant challenges on their journey to top positions. I'm immensely proud to see the Iron Ladies overcoming these hurdles and winning in life!" – Simon Newman, Co-Founder, Chairman – Iron Lady, Ex-CEO, Aviva, Singapore.

It was very evidently seen in the event that if women are equipped with right ecosystem that nurtures their potential and gives space for growth, sky is the limit.

Pushpalatha MS, CEO of Prameya and one of the graduates of Iron Lady, mentioned, “After experiencing a transformation in my own life, I’ve had the pleasure of witnessing numerous women experience multi-fold growth in record times. It’s been a pleasure to be a part of this community!”

Jayalakshmi shares, “Through the 100 Board Members Initiative of Iron Lady, I was able to transform my profile, reaching the coveted CRORE+ salary milestone, 4 times more than earlier income. Thanks to the Iron Lady platform.”

Smita expresses her gratitude, saying, “I didn’t even know that women could earn so much. The platform has made it possible for me!”

Sirisha reflects on her journey, stating, “I chose to stop going through the programs at IIMs and Harvard, and continued learning at Iron Lady. These programs and the platform supported me in reaching the 1 Cr+ income job and sustaining it.”

It’s unfortunate that even in this era, people find it difficult to believe that women can grow in their career, reach the TOP, earn 1Cr plus at the same time can build a joyous family life. This event broke such myths and Iron Lady clearly stood out as a powerful platform which enables women to maximize in every area of their life through multiple leadership programs and a power packed community.

Uber Expands Diversity And Inclusion Initiative, Embracing Inclusivity For All


Uber, India’s leading mobility platform today, announced the latest iteration of the She++ initiative, its commitment to promoting diversity, equity, and inclusion within the technology sector. The program provides early-career opportunities for women, people with disabilities, and other underrepresented students to intern with Uber’s engineering teams, gaining insights, and experience in the technology industry.

The She++ initiative, initially aimed to promote women in engineering, has evolved into a broader diversity initiative.  This year, the initiative received over 4000 applications from top engineering colleges across India, highlighting an increasing desire for diversity, equity, and inclusion in the workplace. Hosted on March 7 at  Uber’s  Bangalore Campus,  the event provided students with a unique opportunity to engage with Uber's leaders and HR professionals.

Dawn Carter, Director, Global Talent Acquisition, Uber said, “At Uber, we are committed to breaking down barriers and fostering an environment where all individuals can flourish. The expansion of She++ to encompass individuals with disabilities and others represents a significant stride in our mission to cultivate a more inclusive society. As Uber continues to prioritize diversity and inclusion, She++ stands as a cornerstone in our endeavour to forge a more equitable future for everyone. Through initiatives like She++, Uber not only shapes the trajectory of technology but also aims to propel positive societal transformation."

The She++ professional development initiative offers a platform for early in-career talent to learn from industry leaders, develop essential skills, and expand their professional network. The event  proved to be  a resounding success, highlighted by enriching activities like fireside chats with industry leaders, speed mentoring sessions, networking lunches, and opportunities to contribute to Uber's innovation.

Last year, the initiative witnessed participation from over 2000 students from top engineering colleges across India, highlighting the growing demand for inclusivity in the workforce. 

About Uber

We rode into India in 2013 with a simple promise: press a button, get a ride. 10 years and over 3 billion trips later, we continue to build products to help people get where they need to be. Today, Uber is available across 125 cities in India and has become #IndiaKiRide where people can go where they have to on Moto, Auto, Cars and even Buses - designed for their various intracity and intercity travel needs. With just a swipe on the app we make mobility seamless for millions and have helped over 800,000 Indians earn a sustainable income by getting in the driver's seat. We continue to reimagine the way the world moves for the better in ever expanding ways and as we mark our ten year milestone - we remain committed to keep India Moving Forward.

Emaar India Empowers Construction Workers With "Shram" Skill Development Program


Emaar India proudly unveils “Shram” – a skill development programme for construction workers, tailored specifically for its workforce and in alignment with Emaar India’s commitment & focus on skill upgradation for Environmental, Social and Governance (ESG) Excellence”. This adherence is part of Emaar India’s 53rd National Safety Week Celebration.

“Shram” is an 80-hour comprehensive training initiative designed to equip construction workers with essential skills and knowledge vital for excelling in various job roles, encompassing essentials of bar bending & steel fixing, masonry, shuttering and carpentry. This programme will commence at the Urban Oasis project initially, followed by implementation at Emaar Business District in Sector 114, Gurugram.   

This pioneering programme underscores a dual emphasis on theoretical comprehension and practical learning, with a paramount focus on safety practices intrinsic to the construction industry. Participants will gain invaluable insight into safety and health protocols, first aid procedures, and emergency planning crucial for on-site worker safety.

In a strategic partnership with Lok Bharti Education Society, Emaar India endeavours to uplift blue collar worker communities by endowing individuals with vocational expertise indispensable for securing sustainable livelihoods within the construction industry.

Mr Kalyan Chakrabarti, CEO of Emaar India, stated, “I firmly believe that ‘Shram’ will catalyse transformation within a segment of society traditionally overlooked in terms of upskilling. Honouring Hon’ble Prime Minister Shri Narendra Modi’s vision of ‘Viksit Bharat by 2047’, this is a small contribution of Emaar India to improve the quality of talent pool in the country. By empowering our workforce, we can ensure a safer and more productive construction environment, educating them in the various areas of construction processes.” He further stated that this training program will provide digital and financial literacy, developing soft skills and introducing them to safety, health, hygiene and housekeeping.”

“Shram” aims to furnish workers with the requisite skills to navigate construction sites safely and efficiently – priorities often sidelined within the unorganised segment. Through expert-led on-site training, coupled with informative lectures and discussions, followed by final evaluation and assessment Emaar’s initiative seeks to empower the blue-collar workforce comprehensively.

Emaar India envisions “Shram” as a pivotal stride towards enhancing the construction industry’s safety standards and worker welfare. By equipping workers with valuable skills and knowledge, Emaar India aims to establish a new benchmark for ethical construction practices in India, integrating principles of ESG at the heart of its operations.

Union Bank of India’s In-house Software Development & Service Management Appraised at ISACA's CMMI Maturity Level 3


Union Bank of India proudly announces that its In-House Software Development Facility, Processes, and Service Management have been appraised at ISACA's CMMI Maturity Level 3, Schaumburg, IL, USA, a significant milestone in the bank's commitment to excellence and innovation in technology.

This achievement validates Union Bank of India's proficiency in software development and reinforces its position as a leader in the banking industry, equipped to meet the evolving needs of its customers through cutting-edge technological advancements.

The Capability Maturity Model Integration (CMMI®) Level 3 underscores Union Bank of India's dedication to maintaining high standards in software development, processes, and service management. The Bank's Department of Information Technology has demonstrated its ability to operate at a defined level of performance, characterized by well-established processes and a culture of continuous improvement, achieving this accolade through a rigorous evaluation process.

Union Bank of India is committed to leveraging technology to deliver the highest quality of services to its customers, excellence in software development and service management, ensuring that it meet and exceed the evolving needs of its stakeholders.

Key highlights of Union Bank of India's CMMI Maturity Level 3 appraisal include:

Utilization of organizational standards and tailoring to address project and work characteristics.

Integration of organizational assets into projects, enhancing efficiency and effectiveness.

Focus on achieving both project and organizational performance objectives.

Commitment to continuous performance improvement and the delivery of superior products and services.

The attainment of CMMI Maturity Level 3 further strengthens Union Bank of India to provide innovative banking solutions and unparalleled service quality.

Persistent Systems Records Strong Execution Drives Superior Performance


TARGET PRICE (Rs): 7,850

We recently interacted with the management of PSYS, to comprehend the demand environment & business outlook. KTAs: Under the leadership of CEO Sandeep Kalra, PSYS has strengthened its sales focus, changed incentive models to identify large deals & inculcate long-range thinking, enhanced client mining efforts, expanded partnerships across major tech players, and bolstered capabilities in hyperscaler clouds, integration, salesforce and digital payments via strategic tuck-in acquisitions – this has helped PSYS deliver top-quartile growth. Despite a challenging demand scenario, PSYS is well-poised to sustain industry-leading growth momentum, on the back of strong execution, proactive deal pursuits, and ability to identify new growth avenues like PE channel (~60-65% of the pursuits are proactive), presence in high-growth areas, and limited exposure to legacy business. But the stock has seen a stellar run-up of over 26%/74%/361% in the last 3M/1Y/3Y, resp., and trades at ~45x/36x on FY25E/FY26E EPS (broadly similar to BBG consensus) which we find expensive. Current valuation requires flawless execution and sustained industry growth tailwinds, and leaves little room for error. We find the risk-reward unfavorable at the CMP and await a better entry point to turn constructive on the stock. We roll forward to Mar-26E; retain REDUCE with TP of Rs7,850 at 34x Mar-26E EPS.

Demand scenario remains tough, but PSYS’s proactive approach drives consistent performance

Management is seeing some green shoots in discretionary spending, but has indicated that the overall demand environment is not materially different versus the last few quarters. Strong execution, proactive deal pursuits, and success in large deals are driving healthy deal intake for the company. Deal intake TCV grew 15.3% YoY to USD1.8bn on TTM basis, on account of traction in the private equity (PE) channel and Company’s proactive approach towards building the deal pipeline. PSYS works with 375 clients (over USD250k annualized revenue; ~47% of the clients boast of above-USD1mn revenue run-rate), including 14 of the top-30 technology majors, 8 of the top-10 global banks, and 6 of the top-10 healthcare companies. Mgmt expects revenue growth to stay broad-based, led by Healthcare, and followed by Software, hi-tech & emerging industries, and by BFSI. Expansion into Europe (targets increasing revenue share to 12-15% from ~9% of revenue now), expanding new logos in focus verticals, cross-selling to existing accounts, deepening partnership with tech majors, and steady progress on large-deal wins would drive strong growth and consistency in operating performance over the next 3-5 years.

Private equity channel adds another growth avenue

PSYS has tapped the PE channel to add newer avenues of growth. As PE firms increasingly intensify investments in software companies, they are looking to maximize investment returns within a set timeframe, with revenue and profit growth being the focus. With over 30 years of software product engineering experience, PSYS brings the right expertise, operating models, and infrastructure that is required to aid PE firms in deriving value throughout the investment lifecycle. ISVs select PSYS to optimize their operations, while continuing to innovate on product development. PSYS serves 16 of the top-20 software players and has been involved in the engineering of more than 5,500 product-releases from ISVs in the past five years. The PE channel is scaling well for the company, and is on track to attain a USD100mn run-rate.

Aspires reaching USD2bn revenue by FY27, with margin expansion

PSYS aims to maintain its growth momentum and attain USD2bn revenue run-rate by FY27, implying ~18% CAGR in FY23-27. It expects organic rev. CAGR of ~16%, while it sees acquisitions contributing ~USD150mn. It targets to expand EBITM by 200-300bps, factoring-in SG&A leverage with scale (+100bps), higher utilization (+100bps), pyramid correction, automation, and moderation in amortization costs as a percent of revenue.

Automation Anywhere Announces Record Fourth Quarter Led By Strength Of Gen AI-led Deals And Large Enterprise Customers


* Continued Profitability, Quarterly Growth and Strong Momentum Heading into next fiscal year

Automation Anywhere, the leader in intelligent automation that puts AI to work across organizations, today announced it delivered record fourth quarter performance, boosted by its generative AI-powered automation solutions, large enterprise customer deals, and robust sales worldwide. With its strong performance and increased momentum globally, the company reported that Q4 results exceeded its forecast and goals, notably a 50 percent growth from the third quarter and 14 percent increase in large deals year on year.

"Our fourth quarter and full year 2024 results illustrate our ongoing ability to deliver value to our customers," said Mihir Shukla, CEO and Co-founder of Automation Anywhere. "This was a pivotal year for the company, building and sustaining robust growth, and achieving profitability ahead of schedule. We're seeing more and more customers experience the tangible benefits of deploying AI and Intelligent Automation solutions at scale to help transform their business safely and securely. We have a very strong pipeline and tailwinds going into our fiscal year 2025."

The company's high customer retention rate is a strong signal that customers are engaged, committed, and aligned with Automation Anywhere's strategy and vision. Related, the Automation Anywhere Pathfinder community program realized a 20 percent growth rate over the past year, and the Automation Anywhere University all-time online course completions cracked a staggering 3 million.

"Our focus in industry and specific vertical solutions to help customers accelerate dramatic process automation results is the focal point of our strategy moving into our new fiscal year," Shukla continued. "The feedback we have received from our customers reaffirms the value that can be achieved from GenAI and automation. Our customers are responding to the enormous opportunity that GenAI-powered automation can bring, and they are pushing us to help them optimize the tangible, measurable, and transformational outcomes possible."

"We've deployed Automation Anywhere's Intelligent Automation platform within various Osaic applications and process workflows and experienced impressive customer experience improvements and internal efficiencies," said Tim Hodge, Executive Vice President, Trading and Operations for Osaic. "We're thrilled to be leveraging the power of Intelligent Automation in our business."

"We've implemented the capabilities of Automation Anywhere's Intelligent Automation platform and are very impressed with early results and excited about the opportunities they are creating for our business," said Mark Conte, Chief Accounting Officer, and Controller, JCPenney. "We expect the Automation Success Platform to help streamline labour-intensive processes as well as offer significant cost and materials savings in multiple areas across our organization."

Key Business Highlights

Deals over $100,000 in annualized value contributed more than 75 percent of the bookings in the quarter

Robust performance in the Enterprise segment was led by strong bookings globally

Customers completed more than 100,000 process automation runs powered with GenAI, highlighting a fast ramp in Q4

Ninety-five percent of customers are now exclusively on the latest GenAI-powered Intelligent Automation platform accelerating the value of Intelligent Automation solutions

Hyperscaler channel partnerships outperformed fourth quarter booking targets, highlighted by Amazon Web Services, Google Cloud and Microsoft Azure

Large customer base, high customer retention and winning product differentiation continues to lead to increased cash flow and strengthened balance sheet

Fourth Quarter Announcement Highlights

Automation Anywhere announced the availability of the industry's first specialized, generative AI automation model to dramatically improve process automation development. Developed on top of the leading large language models and trained with anonymized metadata from more than 150 million automation processes across thousands of leading enterprise applications, these models are delivering massive productivity gains and 9x return on investment. The company is set to transform the automation market by helping companies rapidly create streamlined business process automations and save millions of dollars.

The company announced a suite of new benchmarking services and a new customer benchmarking database initiative to help companies assess and maximize the business value of process automation deployments. These best practices help guide companies toward the highest value automation priorities faster than they could have determined on their own.

Additionally, the new Automation Co-Pilot for Automators solution expanded to include a suite of on-demand, generative AI-powered automation capabilities that helps build enterprise-grade automations much faster and efficiently, with the ability to create streamlined business process automations to increase productivity and save significant costs.

Automation Anywhere also entered into a multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS), which enhances Automation Anywhere's industry-leading expertise in generative AI and intelligent automation to boost enterprise productivity and power business growth, in addition to offering Automation Anywhere customers greater choice, flexibility and reliability for their generative AI deployments. 

Automation Anywhere's fourth quarter and 2024 fiscal year ended January 31, 2024. As a private company, Automation Anywhere does not disclose detailed financial information.

About Automation Anywhere

Automation Anywhere is the leader in intelligent automation solutions that put AI to work across every aspect of an organization. The company's Automation Success Platform is powered with specialized AI, generative AI and offers process discovery, RPA, end-to-end process orchestration, document processing, and analytics, with a security and governance-first approach. Automation Anywhere empowers organizations worldwide to unleash productivity gains, drive innovation, improve customer service and accelerate business growth. The company is guided by its vision to fuel the future of work by unleashing human potential through intelligent automation. Learn more at www.automationanywhere.com.

Automation Anywhere is a registered trademark/service mark of Automation Anywhere, Inc. in the United States and other countries.

Rayaan Naveed Siddiqui Of Mumbai Bags The ‘Spell Master of India’ Title At SBI Life Spell bee Season 13


SBI Life Spell Bee Season 13, India’s most prestigious spelling competition, an initiative by Mirchi, concluded with a thrilling Grand Finale in Mumbai. SBI Life Spell Bee Season 13 has crowned its Champion with Rayaan Naveed Siddiqui, Age- 13 years, Std VIII, from Bombay Scottish School, Mahim, Mumbai, bagging the ‘Spell Master of India’, National Title. The first runner-up, Adhita Nag, Age- 13 years, Std VIII, from Bombay Scottish School, Mahim, Mumbai, too demonstrated commendable skill at the Grand Finale. The ability of these young minds to navigate through complex words with precision and confidence set them apart as deserving winners. In an atmosphere filled with enthusiasm and excitement, the event witnessed the announcement and felicitation of the National Champion, whose remarkable performance throughout the competition demonstrated exceptional skill, dedication, and a profound love for language.

The event was graced by Indian Actress, Fashion Designer & Television Presenter, Ms. Mandira Bedi, who enthusiastically hosted the Grand Finale of SBI Life Spell Bee Season 13 and revealed the winners. The National Champion of SBI Life Spell Bee Season 13 was awarded the prestigious grand prize of INR 1,00,000/- along with an all-expenses-paid expedition to Disneyland, Hong Kong, accompanied by their parents.

This year's competition theme, "An initiative that spells progress”, signifies SBI Life's commitment to foster growth opportunities for India's young population. As a company dedicated to helping individuals achieve their dreams, SBI Life recognizes that true progress goes beyond academic success, extending to holistic development. The theme aligns with the brand's core values, emphasizing the importance of providing a platform to young minds to explore possibilities, carve their growth story, and thereby contribute to the nation's progress. SBI Life Spell Bee Season 13 has once again highlighted the importance of knowledge, language proficiency, and the invaluable role of educational initiatives in nurturing young minds.

Mr. Ravindra Sharma, Chief of Brand, Corporate Communications, and CSR at SBI Life Insurance, commented on the success of the partnership, saying, “As another chapter of Spell Bee culminates, SBI Life congratulates each and every participant including the winners. At SBI Life, our unwavering commitment to nurturing the potential of every individual is deeply ingrained in our values. We believe in the transformative power of early opportunities, as they lay the foundation for a lifetime of meaningful impact. Each child is a reservoir of unique capabilities, and by providing the right tools and platforms, we aspire to cultivate an environment that fosters continuous learning and development.”

“Our partnership with Spell Bee – 'Spell Master of India' reflects this commitment. It signifies our dedication to empowering the young minds, providing them with the opportunity to shine on a national stage. Children are the architects of our nation's future, and we take immense pride in supporting their educational journey. Our hope is to contribute our efforts in creating a legacy of continuous support, shaping the aspirations and ambitions of the youth in the years to come. We have embarked on this journey with enthusiasm, aiming to remain focused on doing our bit in shaping the future citizens who will undoubtedly contribute to the progress and prosperity of our great nation”, he added.

Speaking on his achievement, Master Rayaan Siddiqui, Winner of SBI Life Spell Bee Season 13, said, “SBI Life Spell Bee Season 13 journey to victory itself was quite fuzzy but I can clearly remember the joy I felt upon winning the grand finale! When I won the Regional Final, it sparked the desire to win the National Finale and prove my mettle to the nation. I practiced, poring over the study guide, and searching for difficult words. I looked through the dictionary and read several books about grammar and spelling. My school Spell Bee competitions over the years have groomed me well to handle the stage pressure. SBI Life Spell Bee was a very methodically planned, challenging contest. The experience was amazing with an audience that was sporting. Winning the 'Spell Master of India' title was like a dream come true! Overall, the experience was supercalifragilisticexpialidocious!"

Expressing her views on the initiative, Ms. Pooja Gulati, Executive Vice President & National IP Director, Entertainment Network India Ltd, stated, "Mirchi has always been proud of creating consumer-centric properties that add value and empower consumers and their families. Strategically, Mirchi has built its experiential impact properties portfolio, and Spell Bee is a flagship property within the same. Mirchi and SBI Life share a joint vision to aid school children in India in achieving their goals. The medium of spelling serves as a stepping stone for this vision. It is India’s largest spelling competition for schools and promotes the education of the English language at the highest level. In its 13th season, the property has grown significantly this year with a brand-new format. Spell Bee receives unparalleled love from children, parents, and teachers, which makes the property special. This year, the competition has expanded and received participation from schools in over 30 cities, in addition to robust online participation. As in previous years, the competition will be televised to encourage students to showcase their skills on a national platform and prepare for the upcoming season."

This season drew participation from over 150,000 students across 350+ schools in 30 cities, making it a multifaceted competition spread over five challenging phases. The competition commenced with intra-school contests, followed by inter-school competitions. Advancing through city-level and regional finales, the top 75 participants reached the highly anticipated National Finale, set to simulcast on Disney, Hungama, and Super Hungama.

About SBI Life Insurance

SBI Life Insurance (‘SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.

Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.

Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.

SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,028 offices, 24,060 employees, a large and productive network of about 243,590 agents, 74 corporate agents and 14 bancassurance partners with more than 41,000 partner branches, 150 brokers and other insurance marketing firms.

In addition to doing what’s right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally.

SBI Life strongly encourages a culture of giving back to the society and has made substantial contribution in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2022-23, the Company touched over 1.1 lakh direct beneficiaries through various CSR interventions.

Listed on the Bombay Stock Exchange ('BSE') and the National Stock Exchange ('NSE'), the company has an authorized capital of Rs. 20.0 billion and a paid-up capital of Rs. 10.0 billion. The AuM is Rs. 3,714.1 billion.

For more information, visit our website-www.sbilife.co.in and connect with us on Facebook, Twitter, YouTube, Instagram, and LinkedIn.

* (Numbers & data mentioned above are for the period ended December 31, 2023)

About Mirchi

Mirchi, owned by Entertainment Network India Limited (ENIL), is a media & entertainment company that operates India’s largest private FM radio brand - Mirchi - operating 73 frequencies across 63 cities. Launched in 2001, Mirchi now has a variety of properties under its FM, LIVE, and Digital platforms, each populated with multi-lingual, multi-platform and multi-format content. Mirchi now operates radio and digital brands in the USA (Dallas, New Jersey & California), UAE, Qatar, and Bahrain, bringing content directly from India to the discerning global consumers.

In July 2022, Mirchi launched its own digital platforms Mirchi Plus - as an App (Android & iOS), PWA (Progressive Web App) and Desktop site. Mirchi Plus offers a vast library of content in audio, video & text format with thousands of hours of curated content like original audio series, podcasts, RJ videos, Bollywood news and more. Across different languages and multiple genres, Mirchi Plus is Kahaniyon ka Asli Adda. Mirchi Plus is available not only in India but also in overseas markets - USA, Canada, UAE, Qatar & Bahrain.

To advertisers, Mirchi provides customized, hyper-local, multi-media solutions. The brand has been growing its listenership, as well as expanding its advertisers’ list through the years. The emphasis on generating results for advertisers, whether it is generating footfalls, creating buzz or inducing trails, with a focus on providing end to end solution under one roof, is what distinguishes Mirchi from its competitors.

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