Category Archives: Business & Economy

London: Mangalorean Keith Lobo bags English Asian Business Award

by Raj Francis Pereira – UK

London :

Keith Lobo, son of Richard and Christine Lobo of London is the first Mangalorean to win the prestigious English Asian Business Award for the year 2014. This event was compered by the Lloyds Banking Group on 29th of September 2014 at the Mercure Manchester Piccadilly Hotel in Manchester UK.

The “English Asian Business Awards” is awarded to accolade the resoluteness, strenuous effort and personal achievements of English Asian Business men and women at the forefront of their industries. Each year, the competition has become more excruciating as the event itself has grown into a highly reverenced occurrence, where the best and most effulgent are adored.

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Businesses from across the UK gathered at the Mercure Manchester Piccadilly Hotel in Manchester to celebrate success at this year’s Lloyds Banking Group English Asian Business Awards. There were 16 awards presented, a triumpher from each category. Keith Lobo was a finalist in the new business of the year category.

Over 300 attendees, including golden glove champion and actor Joe Egan, Author Fiaz Rafiq and DJ Noreen Khan, the black tie event was hosted by Miss United Kingdom Supranational, Rachelle Perez along with businessman and chef director at Mushtaq’s Restaurant, Ajmal Mushtaq.

Attending the black tie event on the night the judges decided who the victor was, they had secret shoppers and researchers scouting the business who were finalist. Within the catergory the other finalist were the following:

New Business of the Year award is for a business which has been prosperously operating for approximately 24 months and was set up despite the negativity that subsists in the current climate. The following were the nominees under the incipient business category.

LOBO Meat & Poultry (London)

Timber Door Merchants (Keighley)

Tipu Sultan (Birmingham)

GMR (Birmingham)

Usortd.com (London)

Scarlet Bindi (London)

Gift Wellness.co.uk (Derby)

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Keith Lobo of Lobo Meat & Poultry was announced the winner for new business of the year 2014 in the evening. A very jubilant Keith Lobo accepted the award. In his brief speech he expressed his thanks to his parents for their fortification and being such a great inspiration. He also thanked his wife Sushma Lobo for being a woman behind his success.

source: http://www.daijiworld.com / DaijiWorld.com / Home> Top Stories / by Raj Francis Pereira – UK , London October 02nd 2014 / DaijiWorld.com – Thursday, October 02nd, 2014

Myra launches book on ” Agri-Input Marketing in India ”

Manoj Rajan (second from left), IFS, is seen releasing the book “Agri-input Marketing in India” at MYRA recently as (from left)Dr. Shalini Urs, Chairperson, MYRA School of Business, P.S. Vastrad, IAS, Commissioner, Department of Health and Family Welfare, Ram Kaundinya, Professor of Strategy, MYRA School of Business, Dr. Venugopal Pingali, Professor of Marketing, XLRI and Dr. Rajiv Sinha, Dean, MYRA School of Business, look on.
Manoj Rajan (second from left), IFS, is seen releasing the book “Agri-input Marketing in India” at MYRA recently as (from left)Dr. Shalini Urs, Chairperson, MYRA School of Business, P.S. Vastrad, IAS, Commissioner, Department of Health and Family Welfare, Ram Kaundinya, Professor of Strategy, MYRA School of Business, Dr. Venugopal Pingali, Professor of Marketing, XLRI and Dr. Rajiv Sinha, Dean, MYRA School of Business, look on.

Mysore :

The book “Agri-input Marketing in India,” authored by Dr. Venugopal Pingali, Professor of Marketing, XLRI and Ram Kaundinya, Professor of Strategy, MYRA School of Business and published by SAGE, was launched by MYRA School of Business on Sept. 19 at its Athena Auditorium in Yelwal.

Manoj Rajan, IFS, Additional Secretary (Market Reforms), Government of Karnataka, released the book in the presence of chief guest P.S. Vastrad, Commissioner, Department of Health and Family Welfare.

Manoj Rajan, in his address, highlighted the enormous stride made by the Karnataka Government in this sector of Agricultural marketing. Quoting the father of Green revolution, Dr. Swaminathan, he said agricultural development is defined by Monsoons and Market. While monsoon is not in our hands markets are. Hence, market reforms have played a key role in bringing about transformation, he opined.

Rashtriya e-Market Services Private Limited (ReMSL), a joint venture company of the Government of Karnataka and the NCDEX Spot Exchange Limited, has set up the online markets and that has been the game changer, he said and cited the example of how in the district of Tiptur, the online trading helped triple the price of copra increasing from Rs. 6,000 to 18,000 per quintal.

He spoke about Agricultural Marketing Reforms Committee set up by the Government to study all the aspects relating to the objectives of providing a barrier-free agricultural market system for the benefit of farmers and consumers and its report and recommendations along with a comprehensive road map and necessary interventions for undertaking the reforms in agricultural marketing in the State.

Having carefully considered the report and recommendations, the same has been adopted as Karnataka Agricultural Marketing Policy, 2013, he said adding the Government of Karnataka is embarking on an ambitious-reforms agenda for Agricultural Marketing through the implementation of this Policy.

He urged the young management students to consider the Agri-Business sector as a career option that is well paying, challenging as well as satisfying.

Vastrad spoke about the evolution of the Agri-Business sector and the government’s role in bringing about positive changes for the benefit of both farmers and consumers.

The authors of the book are two stalwarts with vast experience in both academia and industry. While Dr. Pingali Venugopal, Associate Director, XLRI, Centre for Global Management and Responsible Leadership, and Professor (Marketing), comes with more than three decades of significant research work in the Indian context, Ram Kaundinya, formerly Managing Director, Advanta India Ltd., and Chairman, Association of Biotech Led Enterprises – Agricultural Group (ABLE-AG), member of the Board of Directors of Axis Bank, comes with equal years of experience in the agrochemical & seed industries and banking sector. Ram Kaundinya also holds a faculty position and teaches Strategy, to the students of the MYRA School of Business.

According to the authors, the book is meant for policy-makers, managers and business students. However, the book makes for an easy and interesting read and is accessible to all concerned citizens. Its 220 pages draw on data to show the long distance that India has travelled since Independence. This book is a must read for ordinary citizens who realise that food security is at risk in the foreseeable future.

The programme began with invocation by MYRAcles Plavani and Kashish Vyas. Prof. Shalini R. Urs, Founder of MYRA, who welcomed, outlined the importance of agriculture sector. Prof. Rajiv Sinha, Dean, MYRA School of Business, proposed a vote of thanks.

source: http://www.starofmysore.com / Star of Mysore / Home> General News  / Tuesday  , September 24th,  2014

Nandan Nilekani Receives ‘Legend In Leadership’ Award

Infosys co-founder Nandan Nilekani is the first Indian to receive this prestigious award from Yale University.

Yale University felicitated the chairman of India’s Unique Identification Database Authority and Infosys’ co-founder Nandan Nilekani with the ‘Legend in Leadership Award’. Nilekani is the first Indian to receive this award.

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The ‘Legend in Leadership Award’ was created 20 years ago to honour current and former CEOs who serve as living legends to inspire chief executives across industries, sectors and nations.

The award was presented to Nilekani by Richard C. Levin, president, Yale University, at the Yale CEO Leadership Summit of The Chief Executive Leadership Institute. The summit convened 100 business leaders in New Delhi, to discuss the theme of ‘Navigating the Global Oceans of Opportunity for Indian Business’.

Nilekani, who co-founded Infosys in 1981 and served as CEO from 2002 to 2007, holds the rank of cabinet minister as the first chairman of the Indian government’s newly created ‘Unique Identification Database Authority’. The universal ID card is expected to help ensure that most of the billions of dollars India and other organisations spend on aid reach the people for whom it was intended.

In 2006, he was awarded the Padma Bhushan, one of the highest civilian honours awarded by the Government of India.

source: http://www.efytimes.com / EFY Times.com / Home> InfoTech> Awards and Recognition / Monday – November 09th, 2009

Nandan Nilekani to be given Legend in Leadership award by Yale

Washington :

IT Czar Nandan Nilekani  has been selected for the ‘Legend in Leadership Award’, becoming the first Indian to receive Yale University’s top honour.

Nilekani, 54, Chairman of India’s Unique Identification Database Authority will be presented with award given by the Yale University President Richard C Levin at the Yale CEO Leadership Summit of The Chief Executive Leadership Institute in New Delhi on November 6.

The summit will convene one hundred world-renowned business leaders in New Delhi on November 5 and 6 to discuss the theme of ‘Navigating the Global Oceans of Opportunity for Indian Business,’ a media release said.

The ‘Legend in Leadership Award’ was created 20 years ago to honor current and former CEOs who serve as living legends to inspire chief executives across industries, sectors, and nations.

Jamie Dimon of JPMorgan Chase; Robert Iger of The Walt Disney Company; Stephen Schwarzman of The Blackstone Group; Roger Enrico of PepsiCo; John Pepper of Proctor & Gamble and Don Keough of The Coca-Cola Co were some of the other people who received the prestigious honour.

Others who had earlier received the honour include were McKinsey founder Marvin Bower;Richard Teerlink of Harley-Davidson.; Holiday Inn founder Kemmons Wilson; financier Wilbur Ross; and Lou Gerstner of IBM.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> India / PTI / November 03rd, 2009

CII’s IT and Management summit begins

More than 3,500 students from over 40 colleges across the State attend

 From right: R.C. Jagadesh, Chairman, CII Mysore, Sid Mookerji, Global CEO and Founder, SPI, Ramji Raghavan, Founder-Chairman, Agastya International Foundation and S.V. Venkatesh, CEO and MD, RiiiT are seen offering floral tributes to the portrait of Sir M. Visvesvaraya at Chamundi Vihar Indoor Stadium in city this morning.
From right: R.C. Jagadesh, Chairman, CII Mysore, Sid Mookerji, Global CEO and Founder, SPI, Ramji Raghavan, Founder-Chairman, Agastya International Foundation and S.V. Venkatesh, CEO and MD, RiiiT are seen offering floral tributes to the portrait of Sir M. Visvesvaraya at Chamundi Vihar Indoor Stadium in city this morning.

Mysore :

More than 3,500 students pursuing BE, B.Com, B.Sc, MBA, PG and other courses from over 40 colleges across the State are participating in the Industry-Technology and Management Summit- 2014, organised by the Confederation of Indian Industry (CII) Mysore to commemorate the birth anniversary of Sir M. Visvesvaraya, began today at Chamundi Vihar Indoor Stadium in city.

The summit was jointly inaugurated by Ramji Raghavan, Social Entrepreneur and Founder Chairman of Agastya International Foundation, along with Sid Mookerji, Global CEO and Founder of SPI, Mysore.

R.C. Jagadesh, Chairman of CII, Mysore and Director, Technology and Operations of Klueber Lubrications I Pvt. Ltd., in his address said that 52% of Indian population was in the working age group which would go up by 56% in the year 2020 and added that more than 65% of the population was aged under 35 years.

He further said that there will be a significant increase in employment opportunities for the youth in the country and added that only quality and talent would be in great demand.

Jagadish said that according to reports , 75% of engineering students who pass out of college were unemployable while another study reveals that only 30% of employers expressed satisfaction with the new recruits, which indicated that fresh graduates need to possess more than just a degree.

Ramji Raghavan, Social Entrepreneur and Founder Chairman of Agastya International Foundation, in his keynote address on Leadership and Innovation, expressed happiness for conducting such summit and called the students present at the summit as young people with lot of energy and creativity.

Speaking on the occasion, he gave a brief note about scientist Albert Einstein and Mathematician Ramanujam. He said that these two became great persons because they were driven by the passion and they loved what they did.

Ramji called upon the students to be good observers, possess the capacity to think and have the ability to apply their minds.

He said that just possessing curiosity and confidence was not enough. “One should possess curiosity with confidence with humanity,” he said.

He called upon the students to step out, build energy and create history, which he said was the quality of good leadership.

Sid Mookerji, Global CEO and Founder of SPI, in his keynote address on Entrepreneurship, spoke about ‘How to be your own boss.’

He said that becoming an entrepreneur was not easy as it involves a lot of personal and professional sacrifice and added that an entrepreneur will be out of the comfort zone everyday and deal with different situations.

He called upon the students to believe in themselves so that they can achieve anything and added that a successful entrepreneur will become a responsible entrepreneur.

He called upon the students to continue learning as it is a life-long process which should never be stopped.

Vinu Shekar, Head – HR of Infosys Ltd. Mysore will deliver a plenary address on ‘Career Opportunities and growth prospects for next three years in IT’ while M.V.S. Prasad, HR of Bosch Ltd. will deliver a talk on ‘Career opportunities and growth prospects in Manufacturing and Automobile Engineering.’

Usha Subramanian, VP and Head of Mphasis, an HP company, will deliver a talk on ‘Career opportunities and growth prospects in ITES and BPO.’ R. Savitha, Manager of IDBI Bank will deliver a talk on Career opportunities and growth prospects 

source: http://www.starofmysore.com / Star of Mysore / Home> General News  / September 15th,  2014

Nomads Profit From Boom in Donkey’s Milk Business

Murugan has been coming to Bangalore for two months every year from Rajikotai | Jithendra M
Murugan has been coming to Bangalore for two months every year from Rajikotai | Jithendra M

Bangalore :

About 50 nomadic families from Tamil Nadu and Andhra Pradesh have arrived with their droves to meet Bangalore’s rising demand for donkey’s milk.

Wandering about in groups of four or five families, they take their produce to residential layouts, where it is in huge demand.

Many families believe feeding a child, donkey’s milk at least once increases its immunity.

Each donkey-rearing group brings two females, one or two males, and a foal (baby donkey).

Camping on the city’s outskirts on Magadi Road, Tumkur Road, Mysore Road and Kanakpura Road, the groups venture into individual houses and apartment complexes in busy neighbourhoods.

They are doing brisk business, selling the milk for `40-50 for 5 ml. Their produce is cheaper than the donkey’s milk available at the local dhobi ghats. And moreover, they come to your doorstep.

Many mothers with newborns wait for them, to buy what they believe is an elixir. Rashmi, who works in a garment factory, said, “I gave a teaspoon of the milk to my six-month-old baby. He has been falling ill often.”

She paid `30 to a family from Vellore, and hopes the dose will cure the baby of respiratory infections, as rumoured.

Biz in two cities

For the donkey owners, business entails travel for six months in a year.

Murugan (40) has been coming to Bangalore for two months every year from Rajikotai in Dharmapuri district. He is part of a four-family group that has set up camp on Magadi Road. They have been around for over a month. City Express met him near K R Road, when he was making his rounds of Jayanagar and Basavangudi.

“Six months in a year, we go round Bangalore and Chennai, where people believe in giving this milk to their babies. This time, I am selling it for `50 for 5 ml and not a paisa less,” he said.

His group has already gone to many areas and plans to return after some more days of selling.

“It is a hard life. We have to buy a truck. I bought a Tata Ace for `2.5 lakh to take my animals around,” he said.

He is particular about the fodder, and says he can’t compromise since the milk is fed to delicate infants.

He has heard about the popularity of asses’ milk in the US and Europe. “There is no need for people to be scared about what the donkeys eat as we provide them grass and fodder,” said Murugan.

On the other hand, Gopika, who was annoyed at being disturbed during business, said, “It is a seasonal business and the donkeys give milk only if a foal is around.” The families have to look after the animals carefully so that they don’t fall sick. “When we come to the city, we leave them on the outskirts, where they graze. We collect them in the morning,” she said.

Dismissing the apprehension that the animals could eat garbage, Gopika declared, “My animals eat only bhoosa (fodder) and mevu (grass) and don’t touch other things.”

Street vending

Cries of ‘Katte haalu’ (donkey’s milk) have become common in recent days. People rush out to buy the milk for children between six months and three years.

City Express met a few families in Kadirenhalli, Uttarahalli and Jalahalli, where nomads have been selling donkey’s milk. About 20 families in Kadirenahalli said they had fed their children donkey’s milk.

Of Baby donkeys

R N Prasad, food processing expert and a resident of PP Layout, said, “The one group that camped in our neighbourhood for eight days was from Dharmapuri district.”

It sold milk to people from Arehalli and Uttarahalli. A donkey gives 200 to 300 ml every day. It can be milked for six months in a year, but only in the presence of a baby donkey, he explained.

“This milk is considered good for children to help them develop immunity, and it is also supposed to be good for lactose intolerant babies,” he said.

White breed

Last week, people were excited to see a group of white donkeys near Maharaja Agrasena Hospital near Chikallalasandra. Many in the crowd soon turned into customers, as a family from Hosur sold donkey’s milk at `60 for 5 ml.

Mani, who was measuring out the produce, made `3,000 in just two hours. “Business has been good this year as more and more people are buying donkey’s milk,” he said.

Kumar, a policeman and resident of Kadirenhalli, said, “We bought the milk for my two grandchildren from a Vellore family. We are not scared of any infection, as many in our family have been following this tradition for years.“

Doc’s take

“The tradition of feeding infants donkey’s milk has existed for centuries. But one has to be careful as the animals may feed on garbage dumps when they are left out to graze. Otherwise, there is no harm in feeding children this milk,” said Dr S Rao, a paediatrician.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Bangalore / by Meera Bhardwaj / September 18th, 2014

‘BIMS to get autonomous status next year ’

Bahadur couple nominated as Overseas Brand Ambassadors for the Centenary Celebrations of Mysore University

Prof. K.S. Rangappa, Vice-Chancellor, University of Mysore, is seen handing over a citation to Dr. B.N. Bahadur nominating the Bahadur couple as Overseas Brand Ambassadors for the Centenary Celebrations of Mysore University at a programme in city this morning as R.C. Jagadesh, Chairman, CII, Mysore Zone and Prof. Aisha M. Sheriff, BIMS Chairperson, look on.
Prof. K.S. Rangappa, Vice-Chancellor, University of Mysore, is seen handing over a citation to Dr. B.N. Bahadur nominating the Bahadur couple as Overseas Brand Ambassadors for the Centenary Celebrations of Mysore University at a programme in city this morning as R.C. Jagadesh, Chairman, CII, Mysore Zone and Prof. Aisha M. Sheriff, BIMS Chairperson, look on.

Mysore :

“B.N. Bahadur Institute of Management Sciences (BIMS) in Manasagangotri will be granted autonomous status from the next academic year,” said Prof. K.S. Rangappa, Vice- Chancellor, University of Mysore (UoM), here this morning.

Speaking after presiding over B.N. Bahadur Institute of Management Sciences’ Decennial Celebration Lecture Series on “Contemporary challenges in Managing Business” at Rani Bahadur Auditorium in city, he said the University had taken this decision at its Advisory Board meeting held yesterday.

He pointed out that the granting of autonomous status would help in the comprehensive development of the Institute and take it to much greater heights.

Dr. B.N.Bahadur, an alumni of the UoM and President & CEO of Blue Nectar Spirits Company, Michigan & Colorado, USA, who was the chief guest on the occasion, said that it gave him immense pleasure to come back to the Varsity Campus, especially at BIMS.

Recalling the then Vice-Chancellor Dr. S.N. Hegde’s visit to his house in USA approximately 12 years ago, Dr. Bahadur said that Dr. Hegde asked him whether he could support the UoM in building a Business Management school offering MBA programmes.

“I took Dr. Hegde’s request under consideration and discussed with my family and agreed to build a business school at this present location. I asked my friend late Dr.P.N. Reddy to take the lead in this venture along with Dr. Hegde and Dr. Shamanna. Thereafter the trio acted as a bridge in overseeing the construction of the Institute with the assistance of P.S. Prasad under the Bahadur Family Foundation. A couple of years later, the BIMS was born and today it has a total strength of over 450 national and international students,” said Dr. B.N. Bahadur.

Before his address, Dr. Bahadur greeted the gathering in 17 Indian and Foreign languages, much to their delight. On this momentous occasion, Prof. Rangappa handed over a citation nominating Dr. B.N. Bahadur and Rani Bahadur as the Overseas Brand Ambassador couple for the Centenary Celebration of University of Mysore.

Senior Journalist Niranjan Nikkam, Consultant for Centenary Celebrations, gave a brief on the significance of nominating Dr. Bahadur couple.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / September 12th,  2014

HMT loses race against time, to be shut soon

Set up in 1961 in collaboration with Citizen Watch; 4 units; HMT Chinar has 2. Posting losses since 2000; net loss in FY13 Rs 242.47 cr. Had 1,105 staff on 31.3.13; sales worth Rs 11.06 cr in FY 13.
Set up in 1961 in collaboration with Citizen Watch; 4 units; HMT Chinar has 2. Posting losses since 2000; net loss in FY13 Rs 242.47 cr. Had 1,105 staff on 31.3.13; sales worth Rs 11.06 cr in FY 13.

HMT Watches, the iconic brand that evokes nostalgia in most Indians, will be shutting shop soon. The government has decided to wind up the company, a wholly-owned subsidiary of HMT Ltd, which has been incurring losses since 2000 and has been unable to generate adequate resources to pay salaries to its employees.

Set up in 1961 in collaboration with Japan’s Citizen Watch, the company’s net loss rose to Rs 242.47 crore in 2012-13 from Rs 224.04 crore in 2011-12. At the end of March 2012, it also had government loan, including budgetary support for salary and statutory dues, amounting to Rs 694.52 crore.

“The government has decided to shut down HMT Watches and HMT Chinar Watches Ltd. The Board for Reconstruction of Public Sector Enterprises (BRPSE) has already recommended it and the board of directors has also given the go-ahead,” a senior official told The Indian Express.

The official said the process of winding up will be set in motion soon.

As on March 31, 2013, the company had 1,105 employees.

In 2000, HMT Watch Business group was restructured as HMT Watches Ltd. However, the company started making losses soon after, following which a revival plan was mooted and approved by the BRPSE in 2006. With the Finance Ministry and Planning Commission not supporting the proposal, the government had asked the company to get the plan vetted by a consultant.

The company appointed ICRA Management Consultancy Services Ltd and prepared a revised proposal based on its report. Later, another consultant was roped in to study the HMT group of companies, including HMT Watches Ltd, following which another plan was mooted envisaging cash infusion of Rs 252.70 crore and non-cash assistance of Rs 1,247 crore.

According to the Directors’ Report of HMT Ltd, as on March 31, 2013, the watch company could not show significant improvement in performance in 2012-13 due to factors like paucity of working capital, erosion of trade channel and high cost of borrowings. It had sales worth Rs 11.06 crore and production of Rs 14.03 crore during the year.

As regards HMT Chinar Watches, the report said it could not be sustained at optimum levels due to working capital constraints and the situation prevailing in Jammu and Kashmir. Most of the employees have been given VRS, leaving about 54 employees at the Srinagar and Jammu units. It had negligible sale of Rs 0.36 crore in 2012-13 with zero production, taking net losses to Rs 51.16 crore compared to Rs 44.04 crore in 2011-12.

HMT Watches has four units, including those in Bangalore and Tumkur in Karnataka, and Ranibagh in Uttarakhand, while HMT Chinar Watches has two units at Jammu and Srinagar.

source: http://www.indianexpress.com / The Indian Express / Home> India> India-Other /  by Shruti Srivastav, New Delhi /  September 11th, 2014

From TV Mohandas Pai: How to build startups and scale them globally

” We are a $2 trillion economy. We are the country that produces the largest number of babies, over 25 million every year. We have more than a billion dreams. If you have a dream, it better be a big dream for you have just one life. “

TV Mohandas Pai, currently chairman at Manipal Global Education, and best known for leading Infosys as its CFO from 1994-2006, addressed the audience at the first regional TechSparks at Bangalore as the 200+ strong crowd listened in rapt attention.

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To learn how to build global businesses, Pai started off by giving the audience an understanding of India’s growth story. Pai compared the growth of the Indian economy with the Chinese and wondered if we would have been a $10 trillion economy today if we had the growth rate and trajectory of the Chinese. But he sees a big opportunity in the fast growing Indian economy that is rapidly changing into a Consumer economy.

“ We can easily be a $10 trillion economy in the next 20 years,” he said confidently.

India and China are continental economies as compared to Europe which is smaller than, and broken into many small ones. This gives Indian entrepreneurs a unique upper hand to target this huge user base of a billion consumers.

Innovation happens when there are innovative people around. “Capital seeks superior returns,” Pai quipped. Capital is always looking for innovation and disruption. Pai stressed on the importance of disruption. Establishments grow at 5%. Disruption has higher returns.

It is the iconoclasts and the rebels who bring about disruption and change the world. Pai went on to describe the route to building a successful company.

A. Idea – should be simple, the entrepreneur should be able to communicate it easily and clearly, and be passionate about it.

B. The plan should be tangible and ideally with set target dates.

C. Build a great team – Individuals can be geniuses, but the founder needs to build a great team. The skills of these team members have to be mutually exclusive, but collectively exhaustive. There are going to be fights, debates and clashes among them, but the team needs to learn to be together and work together. For any company this is the reason why a CEO spends a disproportionate amount of his time hiring people.

D. Be flexible – You might have a great idea but be flexible enough to pivot from one idea to the other if the first one doesn’t get you customers.

E. Keep your eyes on the competition and have 4-5 versions of your product ready. Start with a quick and dirty version. Go to the consumers, test it out and make these consumers a part of your consumer base.

F. Scale operations, revenues etc. but be wary of unnecessarily scaling the team size. – Realize that one bright engineer is worth 40-50 regular ones who just want to do a 9-5 job.

G. Be humble and ethical – Pai stressed on the importance of growing with humility. An entrepreneur should be honest and fair with his employees and share the spoils of success with everyone on the team. Good people won’t stay in the long term if you are unfair with them.

In conclusion, TV Mohandas Pai evangelized the formulation of a startup policy that would lead to 100,000 startups in the next 10 years so that India can become the superpower in entrepreneurship – the startup hub.

Pai’s speech was full of several witty one-liners, quips and interesting tidbits. Here are a few of them:

On starting up – “Starting up is not easy. It is lonely. One has to work 24×7 and forget about a work-life balance, or girlfriends/boyfriends.”

On ‘silly’ ideas – “No idea is silly. Only the ones that don’t get funding/customers are.”

On ‘people-who-sit-on-boards’ – “All people who sit on the board think they know more than you. It is a great fallacy.”

On leaders and leadership – “A leader has to walk the talk. It is lonely at the top. As a leader you have got to be nimble and strong. A leader cannot show his weakness.”

On making money – “Build businesses that change the world, and make a lot of money. The latter is more important.”

On working with the government – “Government is a long kiss of death. Don’t do business with the government.”

On valuations – “Valuation is an art, not a science.”

On how to choose mentors – “The same way you choose your girlfriend or boyfriend? It just happens.”

source: http://www.yourstory.com / Your Story / Home / by Abhash Kumar / August 30th, 2014

Just Heat and Eat

For the first time in the country, city based food industry manufactures Heat and Eat food products.

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by S. Kenneth Shishir

In the current fast changing and fast moving lifestyle we have all failed to realise the importance of nutrition in our food intake. With no time to cook a good healthy meal, most of the working class couples and families are moving towards heat and eat food products.

Although the Ready to Eat (RTE) food category was first introduced in India in 1987, it was not well received by Indian consumers due to the dependence on traditional cooking and in the early 2000s, with the advent of new technology that improved the shelf life of products and the growth of storage and distribution centres, RTE products began to gain popularity.

The heat and eat food industry in India, has been growing for the last three years and is expected to grow in the next five years due to rapid urbanisation.

Food has always been an important part of every Indian no matter which country he/she lives in.

This has prompted lots of food manufacturing companies to come up with new innovative ideas to woo its customers and one such popular city based company is KAVERI FOODS which was established in the year 2013.

Noticing the growth potential in this particular sector, Mysore based Kaveri Foods has launched their Heat and Eat products brand called RefriFresh.

They manufacture Ready-To- Eat products made out of 100% natural ingredients without any Preservatives, Artificial Colours or Flavours. Their USP lies in their ability to deliver home-cooked freshness and taste in the refrigerated format through minimal processing.

SOM met Ashwin Rajagopal, CEO of the company which is marketing its Heat and Eat products under the brand name ‘RefriFresh’ at his industry at Hebbal Industrial Area in city and had a brief chat about his products.

Ashwin, a MBA graduate in International Marketing from Australia speaking to SOM said that the company Kaveri Foods, sister concern of Kaveri Enterprises, a company which holds a strong market presence in edible oil industry sector was established in the year 1945 with the brand name R.G. manufactures of R.G brand Vanaspati and is popularly known as R.G Ghee among old Mysoreans.

Speaking about the new venture, he said that the company was looking at diversification into new areas in the food industry and thought of Ready to Eat industry which is growing at a tremendous rate with bright growth prospects.

He further said that as they decided to venture into Ready to Eat segment, they thought of coming out with a product that is unique with regards to technology and consumer requirement and decided to come out with South Indian delicacies, as they wanted to be known as a company that introduced south Indian delicacies on Heat and Eat format.

The company is currently concentrating in South Indian Breakfast and Dinner category.

They manufacture combo packs like Idli Sambar, Masala Paddu with Tomato Chutney, Mini/Button Idli with Sambar, Set Dosa with Coconut Chutney and Rava Idli with Coconut chutney apart from Sambar and Tomato Chutney which are all on ready to eat format and all that the consumer has to do is just open the pouch heat them in microwave or on a stove for a minute or two and it’s ready to be consumed.

All their products are manufactured only after consultations with CFTRI.

RefriFresh currently has nine Stock/Store Keeping Units (SKUs) and are planning to introduce more products like Pongal, Kesari bath, Onion Dosa which at present are available in Mysore and Bangalore and by the end of 2015 they would expand the market in Tamil Nadu and other States in South India, by targeting working families and senior citizens as their products have the traditional aroma and taste, said Ashwin and added that their products are minimally processed to keep up with the quality, taste, texture and quality of the products and added that the lifespan of the products are 35 days which would be increased to 60 days.

As the pioneers and one-of-its-kind in the industry ‘Refrifresh’ brand is being recognised as a synonym for tasty, fresh South Indian delicacies.

Asked if he was looking at other segments like spices or ready mixes he said there are ideas for the same and are still in the pipeline.

He ended by saying that his company is proud to have implemented successfully a unique technology that was pioneered by them for the first time in India.

The products are available at More Mega Stores, Easy Day and Loyal World in city.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / August 31st,  2014