Thursday, January 30, 2025

PolyCycl Launches ‘Generation VI’ Chemical Recycling Technology To Address India’s Plastic Pollution Crisis


·         Patented ContiFlow Cracker™ technology enables the conversion of single-use and other hard-to-recycle waste plastics into new, food-grade quality polymers and other low-carbon materials.

·         Developed 100% in India over 10+ years of R&D, the technology provides the critical 'missing link' towards building a true plastic-to-plastic circular economy and enhancing rates of plastic recycling both in India and globally.

·         Highly cost-effective, modular and continuous design (15-100 TPD per line) ensures project EBITDAs exceeding 50%.

·         Technology supports India’s ambitious EPR targets, including the generation of virgin-quality recycled content for food-contact packaging applications.

PolyCycl, a circular economy technology startup based in Chandigarh, India, today announced the launch of its patented Contiflow Cracker™ Generation VI chemical recycling pyrolysis technology. This fully indigenous innovation addresses India’s escalating plastic waste problem by enabling the conversion of hard-to-recycle plastics —such as single-use grocery bags and food-contaminated packaging— into food-grade polymers, renewable chemicals and sustainable fuels.

The launch is the result of over a decade of focused R&D, involving 150+ man-years of effort. The Generation VI technology is protected by multiple international patents and facilitates the creation of a plastic-to-plastic circular economy, where commonly used plastics (e.g. polyolefin packaging) no longer need to be down-cycled, incinerated or landfilled at the end of their life. Instead, they can be continuously recycled in a closed-loop, without any loss of quality.

PolyCycl’s Generation VI technology combines Contiflow Cracker™ - the company’s fully-continuous thermo-chemical pyrolysis process with its proprietary PyOilClean™ refining technology. This combination transforms low-grade plastics into liquified hydrocarbon oils, which are then purified to remove contaminants like halogens and hetero-atoms. The resulting chemical feedstocks are versatile raw materials used by the petrochemical and hydrocarbon industries to produce a wide range of premium low-carbon materials, including circular polymers. The technology, in essence, turns such low-grade waste plastics into a resource for manufacturing new materials.

“India generates over 10.2 million tonnes of plastic waste annually, with more than 40% of this being single-use plastics like grocery bags and flexible packaging. Traditional recycling methods struggle to handle this waste, which often ends up clogging drains, littering streets, or polluting waterways” says Amit Tandon, Founder and CEO of PolyCycl. “PolyCycl’s technology offers a novel solution for recycling such plastics by thermally breaking them down to their molecular building blocks (oligomers), which can then be re-constituted to create new virgin-quality materials. Our technology, honed over a decade of R&D, delivers high conversion yields of 65-75% and generates chemical feedstocks that have been qualified for the circular economy by multiple petrochemical companies globally.”

The technology’s patented fully-continuous process architecture provides ease-of-scale and development of modular lines each capable of processing between 15 and 100 tons per day (TPD) of plastics. Importantly, the patented design offers significant cost efficiencies, with capital costs up to one-half to one-fourth of competitive technologies in Europe and the US, while delivering project EBITDA exceeding 50%.

India’s Extended Producer Responsibility (EPR) rules mandate 10% recycled content in flexible packaging and 30% in rigid plastic packaging by 2025–26. PolyCycl’s technology supports these targets, enabling production of recycled virgin polymers that meet stringent requirements for contact-sensitive applications, including for food and pharmaceutical packaging.

With three out of four FMCG products in India packaged in flexible formats, single-use plastics pose a key challenge in the nation’s journey toward building a sustainable economy for plastics. “The plastic waste problem is complex and requires multiple solutions,” says Mr. Tandon. “From better design for recyclability to stronger EPR mechanisms and innovative recycling technologies, each step plays a role. Chemical recycling is one piece of the puzzle, and we hope our work helps advance the adoption of circular economy practices across industries.”

About PolyCycl

PolyCycl is a circular economy technology company tackling one of the most critical environmental challenges of our times - plastic waste. Its advanced chemical recycling technology enables a true plastic-to-plastic circular economy, converting hard-to-recycle plastics, such as single-use polythene bags and packaging films, into circular feedstocks for manufacturing of new food-grade quality plastics, sustainable fuels and renewable chemicals. The company’s fully-continuous conversion technology enables scalability and economic efficiencies, with a capital cost that is 1/2 to 1/4th of global counterparts, while simultaneously facilitating low operational costs and project EBITDA exceeding 50%.

Developed over a decade of R&D spanning 150,000+ man-hours, the technology is protected by multiple international patents.  In addition to the planetary benefits of combating plastic pollution, the technology holds the potential to reduce the usage of fossil resources in manufacturing of new plastics by up to 75-90%, while also reducing associated greenhouse gas emissions by 40%.

For more information, visit www.polycycl.com

TURINGER 2025: A Technological Extravaganza Of Innovation, Insight, And Impact


Manipal Institute of Technology Bengaluru, a constituent unit of Manipal Academy of Higher Education, hosted Turinger 2025, a grand three-day celebration of technology, innovation, and discovery. Organized by the MITB ACM Student Chapter, the event took place from January 17 to 19, 2025, and brought together a diverse group of students, researchers, industry leaders, and academicians. This unique platform celebrated cutting-edge technological advancements and fostered intellectual exchange among participants.

Turinger 2025 was much more than a technical event; it embodied the spirit of collaboration and innovation. With a meticulously curated lineup of talks, workshops, and competitions, the event drew participation from over 20 institutions across the country. It featured distinguished speakers such as Dr. Meena Mahajan from the Institute of Mathematical Sciences, Chennai, and Dr. Yogesh Simmhan, an ACM Distinguished Member and Associate Professor at IISc Bengaluru. The inaugural session set the tone for the event with Chief Guest Mr. Rakesh Tergundi, CEO and Co-Founder of Jini Commerce, Bengaluru, and Guest of Honor Dr. Meena Mahajan. Dr. Mahajan captivated the audience with her keynote on “The Fascinating World of Computational Complexity,” inspiring participants to delve deeper into the world of computational sciences.

The event showcased the dynamic involvement of MITB ACM’s various student chapters. The ACM-W Student Chapter conducted an engaging quiz competition and hosted technical discussions focusing on diversity in technology. They also organized an Eminent Speaker Talk by Dr. Mahajan. Meanwhile, the ACM SIG-AI Student Chapter facilitated a thought-provoking panel discussion on “Bias in AI: Can We Build Truly Unbiased Systems?” featuring notable industry experts - Mr. Sridhar Tonse Pai and Mr. Deepak Chawla . The ACM SIG-SOFT Student Chapter added further value by hosting an App Development Workshop led by Hasnen Tai, an Enterprise Customer Engineer from FlutterFlow, and an exciting Debug Marathon that tested participants’ problem-solving skills.

One of the major highlights of Turinger 2025 was the Research Poster Presentation, held on the final day. This competition served as a platform for budding innovators to showcase groundbreaking research addressing critical challenges in fields such as cybersecurity, environmental engineering, and advanced technology solutions. The vibrant participation underscored the depth and diversity of ideas being explored by young researchers across the country.

The first-place winners, a team from Manipal Institute of Technology Bengaluru comprising Nishanth Shet, PCS Harikrishna, and Daksh Mutneja, impressed judges with their project titled “SPIRE: Self-Optimizing Proactive Intelligence and Response Engine for Advanced Cyber Threat Detection and Mitigation.” The second-place team, Olumide Joseph Ilelaboye, Mitha H S, and Somnath Gorai from Jain University, presented an insightful project on the “Application of Data Science in Cybersecurity.” The third-place award went to Adisha Sarika Gowda, Akshay S P, Chandana N R, and Krishna S Bharadwaj from The National Institute of Engineering, Mysuru, for their innovative work on “Solid-State Thermoelectric Coolers.”

Special recognition was also awarded to projects demonstrating inclusivity and innovation. Dr. Shobha K and Dr. Rajashekhara from Siddaganga Institute of Technology received the Best Poster for Women in Engineering award for their project on “Noise Removal, Feature Extraction, and Classification of Environmental Sounds.” The Best Innovative Poster award was presented to Sai Jayanth Kothamadduri from Manipal Institute of Technology Bengaluru for his groundbreaking research on “Cybersecurity Challenges in Modern Vehicles.”

Adding to the excitement, Turinger 2025 also hosted Tessellate MAHE Bengaluru, a collaborative event organized alongside the SMI ACM SIGCHI Chapter. Tessellate provided participants with opportunities to engage in problem-solving and collaborative challenges, further enriching the experience.

The valedictory ceremony marked the grand finale of Turinger 2025. The event concluded with an insightful keynote by Dr. Yogesh Simmhan, followed by a motivating address from Guest of Honor Mr. Pavithran Ayyala, Head of Digital IT at Utthunga, Bengaluru. The ceremony was presided over by Dr. Arindam Das, Director of SMI Bengaluru, who was joined by Faculty Sponsors Dr. Gururaj H L, Dr. Shreyas J from the MITB ACM Student Chapter, and Mr. Vivek Garady, Faculty Sponsor of the SMI ACM SIGCHI Chapter.

With the support of the ACM India Council and the collective efforts of various ACM Student Chapters, Turinger 2025 proved to be an inspiring and transformative event. It provided an unparalleled platform for young minds to explore their potential, exchange ideas, and celebrate the boundless opportunities in technology and innovation.

About Manipal Academy of Higher Education:

Manipal Academy of Higher Education (MAHE) is an Institution of Eminence Deemed-to-be University. MAHE offers over 400 specializations across the Health Sciences (HS), Management, Law, Humanities & Social Sciences (MLHS), and Technology & Science (T&S) streams; through its constituent units at campuses in Manipal, Mangalore, Bangalore, Jamshedpur, and Dubai. With a remarkable track record in academics, state-of-the-art infrastructure, and significant contributions to research, MAHE has earned recognition and acclaim both nationally and internationally. In October 2020, the Ministry of Education, Government of India, awarded MAHE the prestigious Institution of Eminence status. Currently ranked 4th in the National Institutional Ranking Framework (NIRF), MAHE is the preferred choice for students seeking a transformative learning experience and an enriching campus life, as well as for national & multi-national corporates looking for top talent.

Angel One Alerts Investors About Fraudulent Social Media Groups And Unauthorized Investment Schemes


Angel One Ltd, a leading player in the fintech sector, warns investors about the increasing prevalence of fraudulent social media groups misusing Angel One’s name and impersonating its senior executives. The company has observed multiple unauthorized groups being created across social messaging platforms, falsely claiming association with Angel One.

Angel One has identified that these fraudulent groups are engaging in illegal activities, including providing securities-related advice or recommendations without necessary SEBI registration/permission, as well as making unauthorized claims about returns and performance related to securities without SEBI approval. WhatsApp and Telegram groups are unlawfully and deceptively misusing the brand name and logo of Angel One Limited, as well as the names and images of senior officials, misleading the general public into believing they are associated with Angel One Limited.

“We want to emphasize that providing unauthorized investment advice or guaranteeing returns in the securities market is strictly prohibited and urge investors to exercise due diligence and verify the authenticity of any communication claiming to be from our organization. Legitimate investment decisions should always be based on thorough research and information from authorized sources. Angel One Limited has no connection, direct or indirect, with any fake applications, web links, or private WhatsApp/Telegram groups and will not be liable for any financial loss or consequences resulting from dealings with fraudulent applications or web links." stated by Angelone.

Angel One clarified that it does not add customers to unofficial social media groups, request sensitive personal information through messaging platforms, solicit funds through unauthorized channels, or make promises of guaranteed returns. All legitimate transactions should only be conducted through official platforms of Angel One, and applications should only be downloaded from official sources and authorized app stores. Angel One remains committed to protecting investors' interests and promoting safe trading practices. The company encourages all investors to stay vigilant and take necessary precautions to protect their financial security.

The public is strongly advised to refrain from engaging with such entities and report any suspicious activities to law enforcement agencies immediately. If you encounter any potential scams, these can be reported through the Cybercrime portal at cybercrime.gov.in by calling the dedicated helpline at 1930, or by visiting your nearest police station.

About Angel One Limited:

Angel One Limited, (NSE: ANGELONE, BSE: 543235) is the largest listed retail stock broking house in India, in terms of active clients on NSE. Angel One is a technology-led financial services company, providing broking and advisory services, margin funding and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms to clients acquired directly and through assisted business.

Angel One Limited extensively uses Artificial Intelligence, Machine Learning and Data Science to create a superior digital experience. The company has built a host of digital properties like Angel One Mobile App, ‘ARQ Prime’ a rule-based recommendation engine, ‘SmartAPI’ a free-to-integrate API platform, ‘Smart Money’ an investor education platform for over 29 million clients.

Wednesday, January 29, 2025

Airtel Payments Bank Partners With Karnataka Bulldozers For Celebrity Cricket League 2025


Airtel Payments Bank announced its official partnership with the Karnataka Bulldozers for the highly anticipated Celebrity Cricket League (CCL) 2025. As part of this collaboration, Airtel Payments Bank will be co-sponsoring the team in its quest for victory while promoting safe digital banking solutions to fans across the nation.

This partnership underscores Airtel Payments Bank’s focus on delivering simple, safe, and rewarding banking services, while also promoting the passion and energy of the Karnataka Bulldozers, who share the Bank’s commitment to excellence and speed. The team’s dynamic playstyle on the field mirrors the fast, efficient services Airtel Payments Bank provides to millions of customers across India, making this partnership a perfect match.

The Celebrity Cricket League, known for its unique blend of cricket and entertainment, will begin on 8 February 2025. Through this collaboration, Airtel Payments Bank aims to connect with millions of cricket fans nationwide and reinforce its position as a trusted partner in digital banking.

Shilpi Kapoor, Chief Marketing Officer of Airtel Payments Bank, said: "We are delighted to partner with the Karnataka Bulldozers for the Celebrity Cricket League 2025. Cricket and entertainment are unifying passions for millions of Indians, and many of them utilize our secure digital banking solutions. We believe this association will allow us to engage with our customers meaningfully and further strengthen our connection with nationwide audiences."

Speaking about the partnership, Mayukha Devangi, Chief Operating Officer of Karnataka Bulldozers, "We are thrilled to have Airtel Payments Bank as our co-sponsor for this season of the Celebrity Cricket League. Their commitment to empowering Indians with safe digital-first banking solutions resonates with our team’s ethos of safety and entertainment. We look forward to a successful season ahead."

About Airtel Payments Bank:

Airtel Payments Bank offers a diverse range of safe, simple, and rewarding banking solutions through a network of over 5 lakh banking points spread across the country and its digital platforms. The Bank has also built a robust digital payments ecosystem across the country. Airtel Payments Bank is focused on contributing to the Government’s vision of Digital India and Financial Inclusion by taking digital banking services to the doorstep of every Indian.

MAHE Bengaluru Unveils First Of Its Kind Program For The Mental & Emotional Wellbeing For Students


Manipal Academy of Higher Education Bengaluru (MAHE), a leading institution in higher education, is proud to announce the launch of Manam, a pioneering program designed to prioritize and support the mental and emotional wellbeing of its students. The initiative is part of MAHE’s continued commitment to fostering a holistic learning environment. This revolutionary program will be one of its kind in the country which will support workplace readiness for students. The program will enhance student’s emotional intelligence a much-required skill in any field of work.

Manam encompasses several innovative measures, including access to professional counsellors, peer support groups, a user-friendly website with self-support tools, and expert-led sessions on topics such as mindfulness, Program Highlights:

Optional, non-graded program: Students can voluntarily enroll in the program, which carries no grades or academic credits. Upon successful completion, participants will receive a Certificate of Completion, a valuable addition to their resumes.

Eligibility and enrollment: The pilot batch will focus on second- and third-year undergraduate students, as well as postgraduate and Ph.D. students. Interested students can register through the Manam website.

No additional fees: MAHE is offering the program at no extra cost as part of its regular curriculum.

sexual wellness, and movement therapy.

The program covers essential topics such as the body-mind-spirit connection, understanding the conscious and subconscious mind, nervous system regulation, dealing with insecurities (e.g., body image), working with emotions like anger and frustration, and creating personalized wellness plans. These topics are delivered through deeply interactive and experiential sessions, blending cognitive and energy practices to provide students with practical tools for emotional resilience.

The program aims to equip students with higher self-awareness and emotional intelligence (EI), which are increasingly sought after by employers. Many organizations actively assess EI during their recruitment processes, and completing this program will serve as a tangible testament to these skills. By investing in students’ emotional intelligence, MAHE positions itself as a forward-thinking institution that prepares its graduates to excel in today’s workplace.

Prof. (Dr.) Madhu Veeraraghavan, Pro Vice Chancellor, MAHE, Bengaluru, highlighting the pioneering nature of the initiative and its alignment with Global best practices, said, “At Mahe, we wanted to create a safe space where students could openly express themselves and find the support they need. To truly understand their concerns, we conducted surveys and engaged in meaningful conversations with students. This is how Manam was born—a platform designed to offer practical solutions while making the experience engaging and enjoyable.

What makes Manam special is its scale and accessibility. MAHE is the first institute in the country to implement such an initiative at this level, ensuring that every student has access to the program. We recognize that mental well-being is just as important as academic success, and through Manam, we are committed to fostering a culture of support, awareness, and growth and mental wellness .”

Our goal is simple: to equip students with the right tools, create a judgment-free environment, and encourage them to prioritize their well-being. This isn’t just about addressing challenges—it’s about empowering students to navigate life with confidence. At MAHE, we believe that change begins with understanding, and Manam is a step toward building a stronger, more resilient student community".

Maheima Kapur, Core Facilitator. Manam, said, “Manam was created to normalize conversations around mental health, breaking the stigma that often prevents students from seeking help with counsellors. Through extensive student input, we designed a program that fosters self-awareness and empowers individuals to recognize when they need support.

With more than 7,000 students today and even more tomorrow, we know that counseling services alone aren't enough. That’s why Manam lays a foundation for self-learning, helping students navigate their emotions while ensuring expert help is available when needed. From its name to its design, Manam speaks the language of Gen Z—making mental well-being accessible, engaging, and truly relevant to this generation".

Dr. Raghavendra Prabhu, Deputy Registrar, MAHE Bengaluru Campus, focusing on the unique aspects of the program and its relevance to students, commented,” The key objective of Manam is to normalize conversations around mental and emotional well-being on campus and strip away the taboo and stigma associated with openly sharing and reaching out for support during difficult phases. 

Manam is created to normalize conversations around mental and emotional well-being, breaking the stigma around being open about the low phases in life. Through extensive student input, MAHE dragged a program that builds self-awareness and empowers individuals.

The inaugural batch is expected to commence in on Jan 31st, 2025. A dedicated website has been created https://manam.manipal.edu/ for an experiential course on Emotional well-being.

About Manipal Academy of Higher Education:

Manipal Academy of Higher Education (MAHE) is an Institution of Eminence Deemed-to-be University. MAHE offers over 400 specializations across the Health Sciences (HS), Management, Law, Humanities & Social Sciences (MLHS), and Technology & Science (T&S) streams; through its constituent units at campuses in Manipal, Mangalore, Bangalore, Jamshedpur, and Dubai. With a remarkable track record in academics, state-of-the-art infrastructure, and significant contributions to research, MAHE has earned recognition and acclaim both nationally and internationally. In October 2020, the Ministry of Education, Government of India, awarded MAHE the prestigious Institution of Eminence status. Currently ranked 4th in the National Institutional Ranking Framework (NIRF), MAHE is the preferred choice for students seeking a transformative learning experience and an enriching campus life, as well as for national & multi-national corporates looking for top talent.

Union Minister Amit Shah Inaugurates NUCFDC Corporate Office To Strengthen Urban Co-Operative Banks


The National Urban Co-operative Finance and Development Corporation (NUCFDC) has officially inaugurated its Corporate Office. The Honourable Union Home and Cooperation Minister, Amit Shah, virtually inaugurated the NUCFDC Corporate Office on the sidelines of the inaugural event for the International Year of Co-operatives 2025 in Mumbai.

The event was attended by a distinguished group of dignitaries, including Shri Murlidhar Mohol, Minister of State for Co-operation; Shri Eknath Shinde and Shri Ajit Pawar, Deputy Chief Ministers of Maharashtra; and Dr. Ashish Kumar Bhutani, Secretary of the Ministry of Co-operation.

The inauguration of the NUCFDC office marks a significant step toward modernizing the Urban Co-operative Banking (UCB) sector. The event was attended by Laxmi Dass, President of NAFCUB; Ajay Brahmecha, President of the Maharashtra Federation; Satish Marathe, Central Board Member of the Reserve Bank of India; Uday Joshi, President of Sahakar Bharati; Milind Kale, Director of NAFCUB and former Chairman of Cosmos Bank; Gautam E. Thakur, Chairman of Saraswat Co-operative Bank; and Kantibhai Patel, Vice-Chairman of the Gujarat Federation, along with several other prominent leaders from the UCB sector.

Emphasizing the multidimensional benefits that the NUCFDC will provide to Urban Co-operative sector Honourable Union Home and Cooperation Minister Amit Shah said, “The principle of Co-operation Among Co-operatives will be implemented across the country in the coming days. The Umbrella Organization will integrate activities such as digital banking, mobile banking, online transactions, and international trade with Urban Co-operative Banks. All financial dealings of co-operative institutions will be conducted through co-operative banks. By implementing this principle nationwide, we will achieve significant success, leading to the economic self-reliance of the co-operative sector."

Shri Jyotindra Mehta, Chairman of NUCFDC, spoke on the occasion, describing the inauguration as a pivotal moment in the transformation of the UCB sector. "The establishment of this new office for the Umbrella Organization marks a major milestone in driving inclusive growth. NUCFDC is dedicated to providing essential resources to this vital segment of the country's financial ecosystem. We are committed to fostering the development of UCBs and addressing the key challenges they face," he said.

The NUCFDC has received approval from the Reserve Bank of India (RBI) to operate as a non-banking finance company (NBFC) and, once it achieves a paid-up capital of ?300 crore, can approach the RBI to become a self-regulatory organization (SRO) for the urban co-operative banking sector, with functions prescribed by the RBI. Positioned to play a crucial role in the digital transformation of UCBs, NUCFDC aims to equip these institutions with the necessary tools to succeed in an increasingly digital and competitive financial landscape. As the umbrella organization for UCBs, NUCFDC's focus will be on modernizing these institutions, integrating essential financial services, and aligning them with the operational standards of commercial banks. The goal is to enhance customer service, strengthen sector stability, and ensure compliance with the Banking Regulations Act.

The organization’s operations will include providing capital, secured credit lines, refinancing loans, and offering emergency liquidity support to UCBs facing short-term financial difficulties. In addition to funding, NUCFDC will also focus on non-fund-based services aimed at enhancing the technological infrastructure of UCBs. This will include the rollout of a shared IT platform offering a comprehensive suite of services. Furthermore, NUCFDC will provide treasury management, payment and settlement services, and other operational solutions to improve the capabilities of UCBs. It will also offer training, consultancy, and HR support to ensure UCBs are well-equipped to navigate evolving regulatory and market demands, laying a solid foundation for the future growth and resilience of the co-operative banking sector. 

HDFC Life And SATYA MicroCapital Ltd. Collaborate To Strengthen Financial Inclusion With Life Insurance


HDFC Life is delighted being the preferred life insurance partner of SATYA MicroCapital Ltd. which will help in improving access to life insurance in underserved areas. This collaboration underscores the importance of partnerships in addressing the financial security needs of diverse population and expanding access to life insurance in regions where it is most needed.

SATYA MicroCapital Limited operates across 26 states and nearly 350 districts with a network of over 830 branches. The organisation has been working towards bridging the financial inclusion gap by supporting a significant number of rural women entrepreneurs and fostering local economies. The partnership seeks to build on SATYA’s existing efforts by introducing life insurance as an additional layer of financial security.

HDFC Life brings a diverse portfolio of products designed to meet the needs of individuals across different demographics, along with a proven record of delivering on its promises, as reflected in a claim settlement ratio of 99.50% for FY24.  The partnership aims to align these strengths with SATYA’s grassroots presence and technology-driven approach to reach previously untapped communities.

Sharing his views on the collaboration, Vivek Tiwari - MD & CEO, SATYA MicroCapital Limited, stated, “We are extremely ecstatic to partner with HDFC Life, which marks a significant milestone in our commitment to empowering women entrepreneurs across India. By integrating life insurance services into our offerings, we not only enhance the financial security of our clients but also provide them with the tools they need to thrive on their entrepreneurial journeys. This collaboration reflects our unwavering commitment to supporting women in achieving their dreams while ensuring their families are protected. Together with HDFC Life, we aim to create a robust ecosystem that fosters growth, resilience, and sustainability for every woman entrepreneur we serve.”

Commenting on the collaboration, Vineet Arora – Chief Business Officer – Distribution, Data & Technology, HDFC Life, commented “This partnership reflects our shared vision of extending financial security to more people across India. SATYA MicroCapital’s work in promoting financial independence and inclusion aligns closely with HDFC Life’s mission to make insurance accessible to all. Together, we aim to take meaningful steps towards achieving the broader goal of ‘Insurance for All by 2047’.”

About HDFC Life

Founded in 2000, HDFC Life Insurance Company Limited (‘HDFC Life’ or the ‘Company’) is a leading provider of long-term life insurance solutions in India. It offers a broad range of individual and group plans across the Protection, Pension, Savings, Investment, Annuity, and Health categories, with a portfolio of products and optional riders designed to meet the diverse needs of its customers.

HDFC Life is a subsidiary of HDFC Bank Limited, one of India’s leading private banks. The Company has a nationwide presence, operating through its own branches and a network of over 300 distribution partners, including banks, NBFCs, MFIs, SFBs, brokers, and emerging ecosystem partners. HDFC Life also maintains a strong base of financial consultants.

Recognised as a great place to work, HDFC Life is deeply committed to governance and sustainability, ensuring responsible business practices that align with its long-term objectives.

For more information, visit www.hdfclife.com or follow us on Facebook, X (formerly Twitter), YouTube, and LinkedIn.

About SATYA MicroCapital Limited:

Established in October 2016, and headquartered in the capital city of New Delhi, SATYA initiated the course of its operational journey in January 2017. With the foremost and fundamental goal of empowering rural women, both digitally and financially, SATYA has come a long way since its incorporation. Since then, the company has registered impressive growth by achieving an Assets Under Management (AUM) value of nearly Rs. 6,000 crores, thus emerging as one of the fastest growing Technology driven Finance Institutions in the country. The organization’s firm belief in modern technology and its potential to increase efficiency, reduce risks, and enhance overall customer experience is apparent in its adoption of the most cutting-edge innovations to power its operations. SATYA has established its terrestrial footprints via an operational network of 830+ branches in nearly 61,200 villages across 26 states.

At present, SATYA is furnishing its affordable micro credit services to almost 16 Lac women entrepreneurs from rural and semi-urban areas who are excluded from traditional banking channels. SATYA is integrally concentrated towards building their financial capacity and ability to grow to financial self-sufficiency. The taskforce of more than 8500 employees are playing an intrinsic role in SATYA’s ongoing growth trajectory. In addition to yielding financial aid to unbanked sections of the population, SATYA MicroCapital consistently associates with institutions of the same wavelength to disseminate the importance of digital and financial literacy in rural areas.

Driven by the visionary leadership of Mr. Vivek Tiwari (MD & CEO), SATYA comprises a team with extensive experience in scaling up microfinance programs across underserved regions. Backed by investors and partners dedicated to sustainable ventures, SATYA stands out for its transformative vision and technical expertise. Its goal is not just financial inclusion but creating a lasting social impact through community development and financial literacy programs.

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