31, Jan 2024
TiE Young Entrepreneurs’ 15th Edition held Pawjour team emerged winners
Hyderabad, January 31, 2024: TiE Young Entrepreneurs (TYE) 2023-24 Grand Finale held. The Pawlour team emerged winners.
The Pawjour team comprising Gowtham (Raj Bhavan Govt. School), Maria (MRMR Govt. Junior College), Mithul (Oakridge International), Chaturya (Raj Bhavan Govt. School), and Anirudh (Vista International) emerged winners for their inventive pet-friendly initiative. They walked away with winning medals and mementoes which were presented to them by Srini Chandupatla, President of TiE Hyderabad, disclosed TiE Hyderabad in a press note issued in the city today.
A team consisting of Fauzaan (Nasr School), Akshara (Raj Bhavan Govt. School), Shiven (Obul Reddy), and Chirusritha (Raj Bhavan Govt. School) stood to run up their concept on urbanization and mobility. They also earned the Best Elevator Pitch Award. The runner-up was felicitated with mementoes and awards and the same was presented to them by Mr. Srini Chandupatla, President of TiE Hyderabad.
The highlight of this year’s program was that the organisers saw to it that every team had one member from a government school, thereby encouraging government school kids too to explore the path of entrepreneurship along with the students of private schools.
TiE Young Entrepreneurs is a great initiative aimed at fostering our future generation of entrepreneurs. It focuses on teaching entrepreneurship to high school students and helping them discover the rewards and challenges of becoming an entrepreneur.
Part of this program TiE Young Entrepreneurs’s competition was held in a phased manner through activity-based learning and mentoring by Charter Members of TiE and Seasoned professionals from the industry, a cohort of 25 students participated. Five teams comprising students ranging from Government Schools to International schools qualified for the Grand Finale, which was held in a city hotel in Gachibowli and pitched their ideas to the jury.
Earlier speaking on the occasion, TiE Hyderabad Chapter President Srini Chandupatla, said “The TYE program is designed, executed, and mentored by TiE Charter Members who are serial entrepreneurs.”
The participants of the TiE Young Entrepreneurs program were mentored by proven entrepreneurs such as Mr. Hari Bharadwaj, Dr. Balaji Bhyravbhatla, Viiveck Verma, Mr. Raj Samala, and Sakhti Chevuturi and they underwent a transformative journey, culminating in the presentation of their unique solutions to real-world problems. The TYE Committee led by N. Venkatesh, Subbaraju Pericharla, and Sri Charan Lakkaraju, played a pivotal role in ensuring the success of the program, fostering a nurturing environment for creativity and innovation.
The year 2024 is a milestone year for TiE Hyderabad as it has completed 25 long years of journey of fostering entrepreneurship and celebrating its Silver Jubilee.
Over 100 attendees including students, parents, jury members, educators, entrepreneurs, and TiE Charter Members graced the grand finale.
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- By Rabindra
31, Jan 2024
Blu Attic’s Harmonic House Journey: Live Performance at Dishkeyaun on February 3rd
Blu Attic, is all set to grace Dishkeyaun with a captivating performance. Blu Attic is known for crafting harmonically rich music, with a special emphasis on diverse house music genres, including Deep, Melodic, Soulful, and Organic House.
Mark your calendars for Saturday, 3rd February, as Blu Attic takes the stage at Dishkeyaun, starting at 9 PM. It promises to be a night filled with mesmerising beats and unforgettable vibes. Don’t miss out on this musical journey!
So, mark your calendars and get ready for a night of fantastic music and positive energy as Blu Attic graces the stage at Dishkeyaun. Whether you’re a seasoned fan of house music or just looking for a memorable night out, this event promises to deliver a memorable experience.
Where: Dishkeyaun
When: 3rd February, Saturday
Time: 9 PM onwards
Contact: +91 6364-467375
Address: 2nd level, Forum Rex Walk, Brigade Rd, B Block, Shanthala Nagar, Ashok Nagar, Bengaluru, Karnataka 560001
31, Jan 2024
Highest ever quarterly EBITDA of Rs. 151 cr., up 19.8% YoY
New Delhi, January 31, 2024, SIS Ltd. (NSE: SIS, BSE: 540673), announced its Unaudited Financial Results for the quarter ended December 31st, 2023.
Key Consolidated Financials at a Glance:
| Rs. cr. | Q3 FY24 | Q3 FY23 | Y-o-Y | Q2 FY24 | Q-o-Q |
| Revenue from operations | 3,073.4 | 2,904.3 | 5.8% | 3,073.6 | 0.0% |
| EBITDA | 151.4 | 126.4 | 19.8% | 144.5 | 4.8% |
| EBITDA % | 4.9% | 4.4% | 4.7% | ||
| Adjusted Profit after
taxes* |
79.1 | 67.9 | 16.5% | 84.2 | -6.0% |
| Adjusted Profit after
taxes % |
2.6% | 2.3% | 2.7% |
· Segmental revenues are as follows:
- Security Solutions India: 1,318 cr. in Q3FY24 vs Rs 1,203 cr. in Q3FY23 and Rs.
1,302 cr. in Q2FY24
- Security Solutions International: 1,245 cr. in Q3FY24 vs Rs 1,219 cr. in Q3FY23 and Rs. 1,259 cr. in Q2FY24
- Facility Management Solutions: 525 cr. in Q3FY24 vs Rs 497 cr. in Q3FY23 and Rs.
528 cr. in Q2FY24
Return Ratios: ROE of Q3 FY24 was 2%
Cash Conversion – OCF/EBITDA on a consolidated basis was 7% for the quarter.
Business Updates:
Security Solutions India: The Security Solutions India business continued its growth momentum with 9.5% YoY growth and 1.2% QoQ growth in revenue for the quarter, and reached Rs. 1,318 Cr. Major wins during the quarter came from the BFSI, Energy, Retail, Healthcare, and Hospitality sectors. EBITDA margin continues to improve to 6.1% in Q3 FY24, up from 9% in Q3 FY23. Our Alarm Monitoring and Response company, VProtect, is now servicing over 21,000 connections.
Security Solutions International: The Security Solutions International business recorded a revenue of Rs. 1,245 Cr. for the quarter which is a 2.1% YoY growth (1.6% in constant currency) and -1.1% QoQ growth (-1.3% in constant currency). This growth was primarily driven by new wins in the Mining, Education, Manufacturing, Retail, and Real Estate The EBITDA margin for Q3FY24 was 3.9% compared to 4.0% in Q3FY23. EBITDA margins was impacted by the downsizing of a contract by one customer and the loss of one contract in Australia.
Facility Management Solutions: The Facility Management Solutions segment continued its growth momentum with 5.6% revenue growth YoY and -0.5% growth QoQ for the quarter, reaching revenues of Rs 525 Cr. for the quarter. Major wins during the quarter came from Real Estate, Education, Government, Manufacturing, and Healthcare. The EBITDA margin for Q3FY24 improved to 4.3% from 4.0% in Q3FY23 due to the shedding of low-profit contracts and overhead
Cash Logistics Solutions: The Cash Logistics segment continues its strong revenue growth with 7% growth YoY and 3.9% growth QoQ for the quarter, driven by new wins in cash in transit (CIT) business. The Q3 FY24 EBITDA was Rs. 27 cr., an increase of 24.0% YoY, and Q3 FY24 EBITDA margin was 16.6%. New innovative solutions revenue growth is 60% in Q3 FY24 YoY.
Commenting on the performance, Mr. Rituraj Kishore Sinha, Group Managing Director said,
“SIS reported the highest ever quarterly EBITDA at ₹151.4 cr. EBITDA margins of Security Solutions – India segment are back to pre-COVID levels. The Cash Joint venture business, which is the second largest cash logistics business in the country, reported its highest quarterly revenue and EBITDA margin in Q3 FY24”
31, Jan 2024
Philips Introduces Revolutionary Hair Straightener with NourishCare Technology
Mumbai, January 31, 2024: Philips India, a global leader in health technology and innovations, is delighted to introduce a pioneering breakthrough in hairstyling – the country’s first hair straightener designed to style with no heat damage, the Philips Hair Straightener with NourishCare Technology. This unique straightener boasts of specially designed serum strips infused with hair nourishing ingredients, Vitamin E and Moroccan Argan oil along with Kerashine care that help style and nourish hair while protecting them from heat damage. This technology locks in moisture that is usually lost due to heat and gives nourished, healthy-looking hair.
Commenting on the new launch, Deepali Agarwal, Business Head- Personal Health at Philips Indian Subcontinent, said, “Embodying our commitment to continuous innovation and consumer well-being, the introduction of the Hair Straightener with NourishCare Technology marks a very big milestone in our journey at Philips. In line with our purpose of empowering young Indian consumers to care for their specialness, we are committed to delivering technology that not only meets but exceeds the evolving and intricate needs of our consumers. The Philips Hair Straightener with NourishCare Technology, proudly ‘Made in India,’ incorporates cutting-edge technology, offering a superior hair nourishing and styling experience without compromising on hair quality and health. Our brand ambassador, Alia Bhatt personifies the spirit of effortless style and resonates with the empowered individuals we aim to serve. With our campaign, we want to convey the transformative experience of using NourishCare Technology, where styling and hair protection coexist seamlessly.”
Today we are launching our campaign film, that captures the key consumer barrier of heat damage due to styling and how our innovative technology addresses this and brings joy to our consumers. With Alia being the face of the campaign, it simply adds a touch of glamour with authenticity and credibility for – ‘No heat damage. Just gorgeous, straight hair’.
Alia Bhatt, Brand Ambassador of Philips Beauty elaborates on the launch of Philips Hair Straightener with NourishCare Technology, “As someone who believes self-expression is really an important layer of who I am, being the face of the much-awaited launch of Philips NourishCare Hair Straightener fills me with excitement. More than just a styling tool, it’s a statement urging everyone to effortlessly embrace their unique style without the constant worry of heat damage. Philips, at the forefront of innovation rooted in consumer needs, also sets a great example of the amalgamation of beauty with technology that truly cares and the TVC reflects exactly this. Here’s to styling with care with Philips and celebrating individuality.”
This cutting-edge device not only delivers an unparalleled nourishing and styling experience but also serves as a testament to pioneering innovation by enabling styling without heat damage. This unique technology forms a protective coating on hair to prevent water loss caused due to heat and hence locks in moisture. The inclusion of serum strips enriched with nourishing ingredients like Vitamin E and Moroccan Argan Oil along with Kerashine care provides the ultimate styling experience with a result of softer, smoother, shinier and healthy-looking hair . The straightener comes with easy clip-on, clip-off heat-resistant brackets and replaceable serum strips uniquely designed to work with this straightener. The replaceable serum strips will be available for repurchase separately.
31, Jan 2024
Pre Budget Quote: Ms. Shivani Priyam Patel, Director, Assotech Group
Ms. Shivani Priyam Patel, Director, Assotech Group:
“As a woman entrepreneur leading Assotech Group, I eagerly anticipate the forthcoming 2024 budget in India with a sense of optimism and anticipation. The real estate sector plays a pivotal role in the nation’s economic growth, and I believe that the budget will present valuable opportunities to further catalyze our industry’s progress.
Empowering women in entrepreneurship is a cause close to my heart, and I look forward to measures that foster inclusivity and gender diversity within the real estate landscape. Policies that encourage women-led enterprises, facilitate access to funding, and provide a supportive framework for professional growth will undoubtedly contribute to a more vibrant and dynamic sector.
In particular, I am hopeful for initiatives that promote sustainable practices and eco-friendly construction methodologies. The alignment of financial incentives with green building practices will not only benefit the environment but also encourage developers to embrace innovative, sustainable solutions. The budget can serve as a catalyst for our industry’s transition towards a more eco-conscious future.
Additionally, I anticipate measures that streamline regulatory processes and provide clarity on taxation policies. A simplified regulatory framework will not only ease the operational burden on businesses but also attract more investors, fostering a conducive environment for growth and development.
The real estate sector is uniquely positioned to contribute to job creation, and I hope to see budgetary provisions that encourage skill development and employment generation, especially for women in the construction and allied industries. Inclusivity and diversity are key drivers of progress, and I believe that a focus on these aspects will contribute to the holistic growth of our sector.
As we navigate the dynamic landscape of real estate, I am confident that the 2024 budget will pave the way for transformative changes. It is my sincere hope that the budget will reflect the government’s commitment to fostering a conducive environment for women entrepreneurs, driving sustainable practices, and ensuring the continued growth of the real estate sector in India.
Together, let us build a future where innovation, sustainability, and inclusivity define the essence of Indian real estate.”
31, Jan 2024
Motorola Unveils “Flip into the Future” Campaign
Mumbai, 31st January 2024: Motorola, India’s best 5G smartphone brand proudly presents the launch of its groundbreaking marketing initiative, “Flip into the Future,” an enthralling campaign spotlighting the iconic Motorola razr 40 Ultra in the stylish Pantone® Colour of the Year 2024- Peach Fuzz. This campaign is India’s first digital marketing campaign by any smartphone brand that uniquely blends hyper-realistic CGI advertising and influencer marketing using Instagram’s cutting-edge sequence feature. Unlike traditional campaigns, this approach combines coming-of-age surreal advertising with the personal touch of digital influencers, creating a captivating story where Motorola razr40 Ultra plays the role of an enabler to look into the future.
Conceptualized and executed by Barcode Entertainment, the “Flip into the Future” campaign introduces three captivating CGI ad reels strategically placed in iconic Indian locations, where the Motorola razr40 Ultra elegantly unfolds, providing a glimpse into the possibilities of tomorrow. These hyper-realistic environments, blending technology and imagination, spark curiosity about the limitless potential that lies ahead, infused with the warmth of the Peach Fuzz color.
In a strategic move, Motorola India embraces the power of influencer marketing by collaborating with digital influencers to amplify the campaign’s reach.
Sharing his views, Mr. Shivam Ranjan, Marketing Head, Motorola APAC said, “At Motorola, innovation is an integral part of our brand, whether in terms of color, design, technology, or adapting modern marketing tools. Our popular flagship, the motorola razr40 Ultra, is the world’s first smartphone to be launched in the Pantone® color of the year 2024 – Peach Fuzz. This unique proposition required a differentiated and modern marketing approach to reach our target audience effectively. We are pleased to partner with Barcode for our ‘Flip into the Future’ campaign, which used modern CGI advertising and innovative influencer marketing to engage with our audience. We are delighted with the response that the audience has shown to the campaign and look forward to implementing more such unique marketing strategies to take the brand further.”
Mr. Ajay Kulkarni, Director Growth – Barcode Entertainment, echoes “The ‘Flip into the Future’ campaign is a manifestation of Barcode Entertainment’s commitment to pushing creative boundaries. By integrating hyper realistic CGI and influencer marketing, we strive to redefine the landscape of advertising, offering an unparalleled experience that resonates with our audience. Co-creating this beautiful campaign with the fusion of influencers and technology, we worked closely with Motorola to translate their vision into reality. The collaboration between the client and our entire team has resulted in a campaign that truly captures the essence of innovation and creativity,” said Sonia Sarashetti, Director Influencer Content at Barcode Entertainment.
The “Flip into the Future” campaign reinforces Motorola India’s dedication to staying at the forefront of innovation, challenging traditional marketing norms, and embracing new-age strategies to captivate and connect with its audience.
Exemplifying a velvety gentle peach hue, Peach Fuzz has a cozy, tender essence that embodies feelings of togetherness, community, and collaboration. The new Color of the Year, PANTONE 13-1023 Peach Fuzz, aligns beautifully with Motorola’s pillars of inclusion and making technology more accessible for all. Additionally, the new motorola razr40 ultra in Peach Fuzz lets stylish and expressive individuals stand out from the crowd. With its iconic flappable design, the razr40 ultra boasts the world’s largest external 3.6-inch pOLED display with its fastest 144Hz refresh rate, with 1100nits peak brightness. This flip phone is super slim when folded and has a gapless design, owing to its industry’s 1st dual axis teardrop hinge design thus ensuring the phone is also infinitely flexible at multiple flex angles. When opened, the phone has a nearly creaseless 6.9” pOLED display with up to 165Hz refresh rate and 1400nits of Peak brightness. This iconic flip phone is equipped with a powerful Snapdragon® 8+ Gen 1 SoC, ensuring a seamless experience. The motorola razr40 ultra transcends generations and demands attention, exemplifying the harmonious Pantone Color of the Year 2024.
31, Jan 2024
Architectural brilliance takes centre stage! Unveiling AD India’s 100 honourees
Mumbai, 20th January 2024: AD India, the ultimate design authority published by Condé Nast India, hosted its annual architecture and design event, AD100. In association with Asian Paints and supported by AXOR, NEYTT and National Centre for the Performing Arts (NCPA), the annual list selected by Architectural Digest rounds up the best 100 design studios and architectural practices from India and the subcontinent. The winners were honoured at an exclusive event held at NCPA Mumbai, India’s premier cultural institution. The NCPA hosts more than 700 events each year in the fields of music, dance, theatre, film, literature and photography making it India’s largest and most holistic performing arts centre. AD was delighted to host AD100 2024 at this iconic building to celebrate excellence in design, architecture, and innovation in India. This year, the AD100 trophy, designed by Case Design, is produced by a radical new Goa-based firm called SolarPunk Futures with sustainable material and processes, and colour by Asian Paints.
Over the years, AD100 has become the most talked-about event in the industry that pools together a diverse range of talent: from the most revered names from the realms of architecture, and interior and landscape design to the tastemakers shaping the creative culture of the country. AD revealed the names of the 100 firms who have been working tirelessly to carefully restore heritage buildings and create intimate residential spaces, impactful public buildings, and lush landscapes. This year as well, AD casts a wider net in search of talent outside of the siloes of Mumbai and Delhi, looking more actively for excellence from other cities and towns, including Ladakh, Chennai, Pune, Goa and Kozhikode. Diversity and inclusivity are key to our storytelling at AD.
The AD100 list was meticulously researched and handpicked by the AD team. The exclusive evening witnessed the attendance of some of the most renowned mavens from the fields of interiors, architecture, culture, art, fashion and design.
“Asian Paints has always been a fervent supporter of design, Indian craft, and architecture. We take pride in endorsing the AD100, honouring the zenith of creative achievement. We applaud the artisans whose meticulous craftsmanship infuses life into every creation and proudly unveil the new INK Jaipur collection – an extraordinary blend of bespoke and diverse embroidery, screen, and block printing techniques, shaping a new era of artistic expression to take Indian design to new paradigms.”– Amit Syngle, Managing Director & CEO, Asian Paints Ltd
“I am absolutely thrilled to host this year’s AD100 at the beautiful and historic NCPA in Mumbai. It is an honour that I get to witness and participate in the excellence that is the AD community. This year’s list features the usual suspects who churn out brilliant projects consistently and also 13 new names from across the country doing revolutionary work. A massive congratulations to everyone who made it to the list! I am also happy to share that the trophies this year are made out of 100% sustainable material and processes. These special pieces are a representation of the partnership between Asian Paints, SolarPunk Futures, Case Design, and of course AD.”- Komal Sharma, Head of Editorial Content, AD India
Each year, at AD100, AD recognizes the works of a handful of architects and designers pushing the boundaries of creative excellence, while remaining true to their roots. Each of the projects celebrated are deeply informed by both their context and site, but moreover, they create new spaces for the public to build connections, have enriching experiences and find a community.
- Andagere Architects for the Samrakshan project | Vernacular Architecture
Based on the outskirts of Bangalore, Andagere Architects, an AD100 firm, led by Ajith Andagere run a project called Samrakshan India designed for the preservation and conservation of vernacular architecture in rural India. Under this project they research, document, refurbish and update rural homes in their original form and materiality. Often families prefer to simply raze these homes to the ground because it’s easier to build modern new concrete and glass structures, but Andagere takes the difficult route, one that is sustainable and also preserves a heritage way of life.
- Prabhakar Bhagwat for Parimal Gardens, Ahmedabad | Public garden and landscaping
The genesis of the Parimal gardens can be traced back to the 1950s when Ahmedabad thrived as a center of art and culture. Most recently, it was redesigned in August 2022 by Prabhakar Bhagwat, an important Indian landscaping firm, under the Pratiti Initiative, (funded by a local pharmaceutical major, Torrent). Elements from the original design are retained, including a bougainvillea arbour, fountains, and the lake, and new features include seating along the outer periphery, an art installation, a meditation pavilion, a gymnasium, a pet park, and an amphitheatre. Parimal Gardens masterfully emphasize a deeper bond between the garden and the city, and how important it is for our major cities to have a public, green space right in the heart of the metropolis.
- SNK | Somaya & Kalappa Consultants for Cathedral and John Connon School Fort, Mumbai | Restoration
Adding to SNK’s already illustrious restoration portfolio is their most recent work for the Cathedral and John Connon School at Thomas House (erstwhile Kodak House) in Mumbai’s Fort neighbourhood. Cathedral School is a very respected school of South Bombay with a strong alumni. As the student population grew over the years, the school’s management, instead of building an entirely new school, took on the challenge to restore Thomas House, a 19th-century neoclassical structure across the street from their existing building, and transform it into a school. This project reflects the adaptive reuse of a load-bearing brick-and-stone composite structure from a bank to a school. “This will hopefully be a catalyst for upgradation of all other heritage structures along the DN Road streetscape in the historically rich and dense Fort precinct,” says Brinda Somaya.
AD100 HALL OF FAME
| HALL OF FAME | ||
| SR. NO | NAME OF FIRM | NAME OF PRINCIPAL ARCHITECTS |
| 1 | Adil Ahmad | Adil Ahmad |
| 2 | Architect Hafeez Contractor | Hafeez Contractor |
| 3 | Kavita Singh Interiors | Kavita Singh |
| 4 | Matharoo Associates | Gurjit Singh Matharoo |
| 5 | Matra Architects | Verendra Wakhloo |
| 6 | MICD Associates | Channa Daswatte, Murad Ismail |
| 7 | Nozer Wadia Associates | Nozer Wadia |
| 8 | RMA Architects | Rahul Mehrotra, Robert Stephens, Nondita Correa Mehrotra, Payal Patel, Romil Sheth |
| 9 | Studio Mumbai | Bijoy Jain |
| 10 | Vikas Dilawari Architects | Vikas Dilawari |
| 11 | Pinakin Patel | Pinakin Patel |
31, Jan 2024
Best HRMS platforms Building a strong work culture
Gone are the days of HR drowning in paperwork. Today, a symphony of digital tools like HRMS (Human Resource Management Systems) are conducting organizations toward better hiring, happier employees, and smoother workflows.
No more manual madness – automation is the new maestro, streamlining everything from recruitment to retirement. From multinationals to mom-and-pops, every business is dancing to the rhythm of HR tech, unleashing efficiency and insights with every step.
So ditch the data drudgery and let HR software orchestrate your workforce. It’s time to hit the high notes of employee experience!
The companies mentioned below have created some incredibly powerful software that solves serious internal challenges for businesses of all sizes and industries.
Workline
Workline is a unique SaaS HRMS that is built from the bottom up according to your specific requirements. Workline’s extensive HR modules, enterprise-grade security, and potent analytics make it a formidable instrument for company transformation, as relevant to retail as it is to factories and IT enterprises.
Zoho People
The cloud-based HRMS platform Zoho People provides HR managers with comprehensive HR solutions, including workforce management, employee database maintenance, and benefits program administration. It is an easy-to-use yet feature-rich HR software that helps the HR staff handle difficult HR duties with ease.
Keka
Keka is an Indian contemporary HR software company that was founded in 2014 and handles employee engagement. It provides solutions for payroll management, leave management, attendance monitoring, and time tracking. HR directors can make educated decisions and design experiences using Keka that support workers’ continued engagement and productivity at work.
Darwin Box
Darwin Box acts as an end-to-end HCM platform that helps organizations automate HR processes including recruitment, onboarding, and core transactions. The program assists HR directors in managing payroll, performance, and employee engagement initiatives in addition to automating essential HR procedures. In the HR software sector, Darwin Box is a well-known brand that helps businesses achieve their objectives instantly.
HROne
HROne is a remarkably user-friendly HCM platform that assists you in creating a great work atmosphere in addition to automating HR procedures. HROne gives your HR staff the tools they need to maximize workforce management thanks to its extensive expertise in the HR software sector.
31, Jan 2024
Pre-Budget Quote: Kaushik Das, Founder and CEO of AAONXT
Kaushik Das, Founder and CEO of AAONXT, East India’s premier OTT platform.
“As a representative of the beauty sector, we eagerly anticipate the forthcoming budget to act as a catalyst for transformative growth and sustainability. The beauty industry in India stands at the precipice of innovation and evolution, and our expectations harmonize with the broader goals of fostering a thriving and resilient sector.
Given the distinctive characteristics of our sector, we advocate for targeted measures. It is our sincere request to the government to consider incentives that champion research and development in clean beauty formulations, aligning seamlessly with global trends and consumer preferences. We also encourage investment in the development of eco-friendly packaging solutions, positioning the Indian beauty sector as a responsible contributor to environmental conservation.
Recognizing the pivotal role of skilled professionals in our industry, we emphasize the need for skill development initiatives tailored specifically for the beauty sector. Focused training programs incorporating the latest techniques and trends will not only empower individuals but also bolster the overall competitiveness of the sector on a global scale.
Sustainability in formulations and ingredients remains a paramount focus, and we eagerly anticipate measures that encourage businesses to adopt green technologies. Incentives for the adoption of sustainable practices will not only accrue benefits for individual companies but also contribute to the industry’s collective efforts in building a greener future.
Moreover, we advocate for a streamlined tax structure and the reinforcement of compliance norms and safety tests to ensure consumer safety within the beauty sector. Strengthening regulations on labels, transparency about ingredients for all brands, and a stringent focus on high-quality ingredients will fortify entrepreneurship, foster the creation of safe products, and contribute to overall economic growth.
In conclusion, the beauty sector looks to the government to craft a strategic and sector-focused budget that recognizes and addresses the unique challenges and opportunities within our industry. We firmly believe that a forward-looking budget will propel the beauty sector to new heights, solidifying its role as a key contributor to India’s economic resurgence.”
31, Jan 2024
ERM appoints Mollshree Garg as the new Managing Partner India
Mumbai/New Delhi, 31st January 2024: ERM (Environmental Resource Management), the world’s largest advisory firm focused solely on sustainability, has announced the appointment of Mollshree Garg as the Managing Partner India. Mollshree brings with her over 24 years of experience in consulting specializing in business transformation, sustainability, ESG, growth strategy, and various stages of the M&A life cycle. Her diverse experience spans across key global markets including the US, UK, Europe, and Asia Pacific, giving her a rich understanding of different business environments.
Commenting on Mollshree’s appointment, Nat Vanitchyangkul, Regional CEO, Asia at ERM said, “It gives me immense pleasure to welcome Mollshree to ERM. At ERM sustainability is our business and over the last 50 years, we have partnered with clients to help them operationalize sustainability at pace and scale, through our unique combination of strategic transformation and technical delivery capabilities. We believe we are on the brink of a transformative journey in India, and I am confident that Mollshree’s leadership will be pivotal in shaping our narrative in the industry. Her expertise will not only reinvigorate our brand image but also foster deeper, more meaningful relationships with our stakeholders.”
Mollshree Garg, Managing Partner India, ERM said, “As I embrace the role of Country Managing Partner for ERM in India, I am acutely aware of the dual strategic challenges businesses face today: driving profitable revenue growth while accelerating the integration of sustainability into their core strategy and operations. At ERM, our approach is holistic, working at all organizational levels. From formulating strategies to win in this evolving marketplace to financing the transition towards a sustainable economy, our focus is comprehensive. We are committed to creating sustainable products and supply chains, and to embedding sustainability into the daily operations of our clients. My vision for ERM India is to be at the forefront of this transformation, leading the way in sustainable development and innovation. We are not just consultants; we are active partners in building a future where economic growth and environmental responsibility go hand in hand.”
An alumnus of Miranda House, Delhi University, Mollshree holds an MBA in Strategy and Analytical Finance from Indian School of Business, Hyderabad. She also holds certifications from NYU in Advancing Sustainability, and Sustainability & Climate Risk from GARP. Prior to joining ERM, she worked with consulting firms KPMG and Deloitte as the Deal Advisory and Strategy Partner and Senior Manager Strategy Consulting respectively, where she worked closely with large private equity clients, helping them enhance their portfolio and portfolio company level ESG performance. This included aiding Impact funds in developing robust impact measurement and management frameworks at the intersection of ESG and Impact. She has also delivered numerous market entry, growth, ESG Strategy, decarbonization and cost takeout engagements. Mollshree has experience across industry sectors, with a special interest in Industrials, Credit & Risk and Technology.
Mollshree is also an avid writer and blogger with a reputation as a well-published thought leader in Consulting and industry circles.
