Monthly Archives: May 2014

MDAA confers ‘ Nandi Awards 2014

The awardees are seen with (standing from left) MDAA Hon. Secretary B. Srikanth (third from left), Sr. NIS National Athletic Coach K.L. Shive Gowda, District Minister V. Sreenivasa Prasad, MLA and MDAA Chairman Vasu, MDAA President S. Somashekar, Vice-President C.K. Muralidharan, Hon. Treasurer Gopal Khare and Vice-President T. Parashuram. [Pic. by Yadav]
The awardees are seen with (standing from left) MDAA Hon. Secretary B. Srikanth (third from left), Sr. NIS National Athletic Coach K.L. Shive Gowda, District Minister V. Sreenivasa Prasad, MLA and MDAA Chairman Vasu, MDAA President S. Somashekar, Vice-President C.K. Muralidharan, Hon. Treasurer Gopal Khare and Vice-President T. Parashuram. [Pic. by Yadav]
Mysore

The Mysore District Athletic Association (MDAA), Mysore, conferred ‘Nandi award 2014’ to the outstanding sports persons, Sports Promoter, Sports Journalist and Sports Photographer, in a grand function at Lions Hall in city yesterday.

D. Varshini (Below 14 years), S. Ashwini (Below 16 years), M. Manjula (Below 18 years) and K.R. Meghana (Below 20 years) were given ‘Nandi award 2014’ in the girls category; B. Manush (Below 14 years) and Amruth Marigowda (Below 18 years) were conferred ‘Nandi award’ in the boys category. On the occasion, MDAA also conferred ‘Distinguished Sports Promoter’ award on Mysore University DPE Director Dr. C. Krishna; ‘Distinguished Sports Journalist’ award was conferred on Girish R. Doddamani and ‘Distinguished Sports Photographer’ award on Nethra Raju.

District in-Charge Minister V. Sreenivasa Prasad honoured the awardees. MLA and MDAA Chairman Vasu, Sr. NIS National Athletic Coach K.L. Shive Gowda, MDAA President S. Somashekar, Hon. Secretary B. Srikanth and others were also present.

Speaking on the occasion, Sreenivasa Prasad, congratulated all the awardees and stressed the importance of sports activities in day to day life. He said that sports brings people together and develops National integrity and wished that our country improves in the sporting front in the international scene in the days to come.

MLA Vasu, speaking on the occasion, said that MDAA has started off with the Nandi awards this year and will continue to strive hard to promote sports in the District in the days to come. He also said that with the financial grant from the MUDA, the University’s Oval Grounds will be developed with modern facilities in the days to come

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

The story of the famous Mysore Silk … and the Italian connection

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by  N.K.A. Ballal, Retd. Sr. Vice-President, ITDC

Recently my wife was airing some of her sarees and I noticed a beautiful bottle green Mysore Silk saree, which was gifted by my father 36 years ago. I was surprised to see that this saree still looked so fresh, elegant and shimmering with the zari shining as if new. This wonderful fabric is magical, since it makes the fairer sex look slimmer than what they are. I then decided to find out more about this namma ooru silk and some interesting facts came out from my research which I wanted to share with my readers.

Year 1911, Sir M. Visvesvaraya (MV), the genius visionary of Mysore, decided to develop sericulture as an economic activity for Mysore. He was helped by one Mr. Appadurai Mudaliar, the first Inspector of Sericulture. They decided to get the help of an Italian expert named Signor Washington Mari to develop a strain of silk worm which would suit this climate. Before leaving for India, Mr. Mari despatched about 12 varieties of pure European and Chinese races of silk worm to breed them at Mysore. Mr. Mari was successful in cross-breeding a hybrid which was better than the original and also disease-resistant. The first factory was established at Channapatna and subsequently sericulture took its roots in other centres at Mysore and nearby places. I am not sure if Mr. Siddharamaiah, our CM, is aware of this Italian connection.

More or less at the same time, that is in 1912, the Maharaja of Mysore, Nalwadi Krishnaraja Wadiyar, decided to open a factory for the manufacture of silk fabrics, exclusively meant for the family members and its armed forces. The looms as well as the yarn were imported from abroad. In 1980, Karnataka Silk Industries Corporation (KSIC) was formed to take over both the factories at Mysore and T. Narasipura. Ksic is probably the only organisation in the world taking care of all gamuts of silk production from reeling of cocoons to the weaving of the pure silk fabrics, all under one roof. Side by side ksic started modernising their equipment to ensure that the quality and the design of the fabrics improved with time.

What is unique about this material? What is the difference between Mysore Silk and other famous silks like Kancheevaram and Benaras? The basic difference is that in Mysore Silk the yarn is processed in grey, woven and then de-gummed and dyed, whereas in other fabrics it is other way round. The yarn itself is dyed and de-gummed before the manufacture of the material. Another basic difference is that Mysore Silk has always used pure zari [65% silver and 0.65% of gold] in their sarees, whereas 90 percent of the sarees manufactured at Benaras or Kancheevaram use tested zari. The unique grainy effect which is seen in the Mysore Silk fabric is as a result of using different twists in the weft yarn. Apart from this, except Mysore Silk, other manufacturers use Chinese yarn and polyester and that is the reason they are able to sell their materials at such a cheap price. The Kancheevaram and Benarasi sector is still unorganised and is distributed all across and the competition among the manufacturers is so fierce that each one tries to get the better of other by manufacturing newer designs and colours. Another major problem facing Mysore Silk is that since Mysore Silk is made in powerloom, intricate designs across the body and pallu is not possible whereas Benaras sarees are still manufactured in handloom and as such intricate designs is possible. But are you aware, Mysore Silk is washable at home, which is not possible in any other material.

Another unique feature of Mysore Silk is the “GI” registry [Geographical Indication], an international patent stamp for the product as well as the name. The factory has installed 139 looms and the manufacturing capacity is around 75,000 sarees a year. But sadly this famous local silk is out of reach for the middle class because of its cost. Ksic being a government body has its problems of over-staffing, a huge corporate overheads and an ageing staff. However, it is to its credit that it is running in profits unlike other government bodies. The last year’s turnover was supposed to be a record, that is Rs. 127 crores. A pittance compared to the turnover of hundreds of crores of Kancheevaram and Banarasi silks. This organisation needs a complete makeover in term of sales, marketing and designing. I would like to give the following suggestions to Mr. Jannu, IAS [MD of ksic], based on my experience of marketing and work at a Central PSU:

1. Revamp the existing showrooms. They are so dull and uninspiring, one hardly gets any walk-in customers.

2. The present sales staff have to be replaced gradually with bright young men and women, with fixed minimum salaries and commissions based on the sales. This will motivate the sales staff to try and sell the higher end sarees and also invite their friends and relatives to buy. The present staff who are so indifferent have to be sent for some motivational training. They have forgotten to even smile [personal experience].

3. Design a mobile showroom on wheels. An old bus can be remodelled. This can be taken to all the huge psus like bhel and bel for on-the-spot sales with credit offers on festival days.

4. Take legal action on all the other silk manufacturers who are present in the website selling spurious Mysore Silks. One has to just type Mysore Silk in the google search and tens of manufacturers appear in the site offering Mysore Silks from Rs. 500 to Rs. 7,000. Since you have the gi patent for name also, no other manufacturer can sell their product as Mysore Silk.

5. Start actively to export this material. There is a big market for manufacturers with “gi” tag. Money is no constraint; 50 dollars a metre is no big deal in the international market.

6. Buy the latest jacquard machines with 5,000 hooks for wider design capabilities.

7. Try to introduce hand painted sarees, exclusive block printed or embroidered sarees in select outlets. There is always a demand for exclusive materials.

8. Tie up with some national fashion designers to ensure presence in big events like Lakme Fashion Week or any other fashion event. This year I saw some designers promote Kota materials in a big way.

9. Introduce summer and winter collections/colours and have regular fashion shows in Golf Clubs across Karnataka using local fashion designers.

10. Regular mailers to all the Golf members across Karnataka, with an extra discount offers of Rs. 200 thrown in for the customers carrying the mailers to the showroom. This extra discount should be over and above any discount on offer. This kind of mailers is very popular abroad and it can be tried in Karnataka also.

11. Start another unit at Bangalore with tested zari or moga silk to reduce the cost. One can call these product as “Bangalore Silk”; the low income groups would be happy with these products.

12. Start a ‘Silk Tour’ at Mysore for international and domestic tourists using the services of a local travel agent on the lines of Wine Tour, very popular abroad.

13. Try new avenues of advertisements like radio jingles in the fm radios. Very effective.

14. The Ad Agency lacks creativity. The ads in the newspapers are just boring.

15. Please explore the possibility of manufacturing silk upholstery materials. Though it will be very expensive, there is a good export market demand for these materials.

16. Announce a design competition with a prize of one lakh for best original design, both for crepe silk and printed silks.

Sir, some of my out-of-the-box suggestions may sound absurd/outlandish but I am sure that even if some of them are implemented, the sale of your products can be doubled. Sir MV started this economic activity at Mysore more than 100 years back. Let us take it forward and increase it by leaps and bounds since we have an incomparable product, that is “The Mysore Silk.” This would enormously benefit the sericulture farmer and the modern youth in terms of increased employment opportunities. Next time I visit the US or Singapore, I will feel very proud to see namma ooru silk sold across the counter at some departmental store there (All the technical details, courtesy: Mr. Sadanandaswamy, General Manager, ksic, Mysore).

[Do write your comments to: ananthballal@yahoo.com]

source: http://www.starofmysore.com / Star of Mysore / Home> Feature Articles / May 15th, 2014

City artist Ganjifa Raghupathi Bhatta’s paintings to be unveiled at Brussels Museum on May 17

Mysore

City artist Ganjifa Raghupathi Bhatta’s series of commissioned miniature paintings featuring avatars and episodes from the Ramayana and Mahabharata will be unveiled at an exhibition called “Enduring Epics” on May 17 at the Museum of Sacred Art (MOSA) in the ancient 11th Century Chateau de Petite Somme, in the canton of Septon – Durbuy near Brussels in Belgium. This is yet another honour to a Mysorean.

It may be recalled, a few months ago some of the works of scriptural artist G.L.N. Simha had been acquired and given a special display at MOSA.

The expo of Raghupathi Bhatta’s paintings will be inaugurated by Manjeet Singh Puri, Ambassador of India to the European Union, Belgium and Luxembourg.

The Indian Embassy has played a proactive role in support of initiatives showcasing Indian artists. In 2012, the Indian Embassy had also been in the forefront of the opening of the second gallery at the Museum of Sacred Art.

Legendary Flautist Hariprasad Chaurasia with Subrata De on the Sitar will be performing at the inauguration of the expo.

Raghupathi Bhatta’s exhibition follows the inauguration of a new monument what will house three large-size statues of Vishnu, Varahadeva and Narasimha, according to the Founder-Director of MOSA, Martin Gurvich.

According to R.G. Singh, Secretary, Ramsons Kala Pratishtana, Mysore, it was a chance ‘sighting’ by Martin Gurvich of the works of G.L.N. Simha at an exhibition in Mysore that led him to the works of Ganjifa Raghupathi Bhatta.

Martin Gurvich was introduced to Mysore School or Style of Paintings by R.G. Singh, who also arranged for a series of meetings with artists like K. Shreehari, J.S. Sridhar Rao, Ganjifa Raghupathi Bhatta, B.P. Ramakrishna, Puttaraju in Mysore and Narasimhalu, Ramesh Gorjala and Jonalagada Niranjan of Sri-Kalahasthi.

The works of Mysore artists along with other art works sourced from different parts of India form the basis of ‘Living Traditions’ theme of MOSA, says Martin Gurvich. Currently there are around 300 works of sacred art in MOSA and it is expected that around 1000 works of arts comprising various genres and all relating to sacred art will be acquired and housed in MOSA.

In addition to Ganjifa Raghupathi Bhatta’s commissioned works being unveiled, the works of two other artists, Shobha Broota whose theme is ‘Looking Within’ and Poosapathi Parameshwar Raju whose theme is ‘Timeless art’ will also be exhibited, according to R.G. Singh.

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

MELANGE : A mouthful of goodness

Tradition rules at Albert Bakery./ Photo Murali Kumar K. /  The Hindu
Tradition rules at Albert Bakery./ Photo Murali Kumar K. / The Hindu

Come one, come all to Albert Bakery and indulge in an array of nostalgic slices of confectionaries that are a rich part of Bangalore’s culinary heritage

Nestled in the heart of Frazer Town on the famous Mosque Road is a slice of the city’s history so unassumingly located that you would miss it entirely if you were walking or driving fast enough. And yet, Albert Bakery is one spot you would always want to stop by and taste their array of confectionaries. Bangalore is famous not only for its music and climate but also, over the years, for its food and Albert Bakery has been a major player in the city foodscape forever. The 112-year-old bakery is easily the city’s oldest and has been upholding a gastronomical tradition over the decades.

A thriving hotspot, the bakery is open only from 3 p.m. to 9 p.m. and is sometimes so packed that there are traffic snarls on Mosque Road.

And for those who frequent the street during the festive season of Ramzan, if you haven’t stopped at Albert Bakery to grab a bite of their goodies, then everyone will tell you that you haven’t lived life to the fullest.

Mohammad Sabir Faizan, the son of the proprietor Nawab Jan, says they strive to uphold the traditional baking practises. “We have always opened from 3 to 9 p.m. because we make the confectionaries fresh in the morning. Other bakeries may belong to a chain of supplies so they add preservatives and improvers which we never do. We make batches that are sufficient for each day.”

Established in 1902 by Sabir’s great grandfather Mohammad Yacoob, the bakery was initially a godown in Sangam lane off Kamaraj Road. “We used to deliver only buns and bread. That used to be the usual catering back then. We cycled down the roads with baskets of bread and buns delivering it to people in the locality. We shifted to Mosque Road in 1921 and since then we have stayed here,” recalls Sabir.

When my grandfather Mohammad Ibrahim was around, they had bread, biscuits, rusks, tea biscuits and other regular items. “It was only after my father Nawab took over that he introduced the kova naans, coconut cherry cookies, mini cocktail samosas and other specialities.”

From delicious hot kova and keema naans and mini cocktail samosas to butter salt biscuits and coconut cherry cookies, Albert Bakery boasts of a variety of foodstuffs that make mouths water at the mention of the bakeries name.

The spread available at Albert Bakery./ Photo Murali Kumar K. / The Hindu
The spread available at Albert Bakery./ Photo Murali Kumar K. / The Hindu

On the name, Sabir says back in the early 1900s, “My great grandfather felt it would appeal to everyone if it had an English name. There is a common misconception that the shop was started by some foreigner called Albert. We had a lot of Britishers as customers so a common name like Albert would make it easy to relate to and the name stuck.”

Being the fourth generation in this line, Sabir hopes to carry this legacy forward. “We may launch an outlet elsewhere but all the production will always be here. We don’t want to expand much because of the freshness factor. We will never compromise on quality.”

A bakery like Albert in a city like Bangalore is a blessing, says Sabir. “There were no shops in this area when we started. Now there is a huge boom in development. The city has helped us come up. We also have a lot of competition so that helps us strive to be more creative and innovative. We are proud to be part of Bangalore’s rich cultural and culinary heritage.” The bakery’s other specialties are the hot cross buns on Good Friday, marzipan Easter eggs on Easter Sunday, non-alcoholic plum cakes for Christmas and brain puff for Ramzan.

They also have daily specialties like the chocolate lava cake, chicken Swiss and mayo rolls, tarts, quiches, banana and grape muffins, chocolate croissants and donuts and pizzas.

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus> Food / by Allan Moses Rodricks / Bangalore – May 16th, 2014

Bangalore-Based Startup Butterfly Innovations Set to Launch an Interaction Platform for Colleges in India

Butterfly Innovations is a user centered, research oriented education technology company. Its founding team members have worked with The World Bank, Manipal Global, DreamIn, NDTV and Inc., among others.

Bangalore, India :

Bangalore-based education technology startup Butterfly Innovations has announced the beta launch of its first product, COLLPOLL, on May 31, 2014.

COLLPOLL is a personalized interaction platform for colleges and other academic institutions where students, faculty, and administrators can share ideas, opinions and information about academic matters, student life, and career issues in a common, conveniently accessible platform. COLLPOLL enables real time and secure interactions among a multitude of users at the same time. In the first phase of its rollout, it will be deployed in several institutions across India.

Hemant Sahal, founder, Butterfly Innovations, believes COLLPOLL has the power to redefine higher education globally. “We believe that colleges across the world have become isolated from the larger society they’re a part of. We aim to reconnect and reengage all stakeholders in colleges to create an open and interconnected education system,” he says. The benefits of such a connected learning environment have been well supported by the indepth research the Butterfly team has conducted with over 1,000 students, faculty and administrators in 50 plus institutions across India.

The nine-month-old startup has the backing of key advisors including Balachandran Warrier, CEO, Manipal Foundation, Sunil Madhani, Director, Innovation & Advanced Technology at Intuit, Murli Nagasundram, Principal of Learning Innovation at Manipal Global and Pranav Awasthi, Principal, Oracle India.

source: http://www.pr.com / PR.com / Home> Press Release / Bangalore – May 12th, 2014

JSS felicitates Padma Bhushan awardee Dr.M. Mahadevappa

Dr. M. Mahadevappa and his wife Sudha being feted by JSS Mahavidyapeetha Director T.D. Subbanna as Prof. Maleyur Guruswamy, Principal M.B. Mallikarjuna Pandit and others look on.
Dr. M. Mahadevappa and his wife Sudha being feted by JSS Mahavidyapeetha Director T.D. Subbanna as Prof. Maleyur Guruswamy, Principal M.B. Mallikarjuna Pandit and others look on.

Mysore :

“Though the country is capable enough to produce food for the entire world, we are lagging behind in full utilisation of technology in agriculture,” opined Dr. M. Mahadevappa, Padma Bhushan awardee and Chairman, Task Force, SC/ST and Rural Development, Department of Bio-technology, New Delhi and Director, JSS Rural Development Division, JSS Mahavidyapeetha, Mysore.

He was speaking after receiving a felicitation at the valedictory programme of the PG Cultural Forum of JSS College of Arts, Science and Commerce at its premises on Ooty Road here on May 10.

Dr. Mahadevappa pointed out that in China, the quantity of agricultural produce per unit area was more than twice the quantity in India indicating the advancement of technology there. He said that most of the students look for cushy jobs with hand some salaries thus indirectly triggering an imbalance in society.

Dr. Mahadevappa and his wife Sudha were feted on the occasion.

Retd. Professor Maleyur Guruswamy was the chief guest. JSS Mahavidyapeetha Director (College Education) T.D. Subbanna presided.

Principal M.B. Mallikarjuna Pandit welcomed.

 http://www.starofmysore.com / Star of Mysore / Home> General News / May 13th, 2014

Rotary Gayathri Educational Award for SSLC Toppers

Mysore :

For the past 24 years, Rotary Mysore has been honouring the top achievers with marks of 610 and above in SSLC examination with the prestigious “Rotary Gayathri Educational Award”.

The award is instituted by Rtn. M.T. Ramachandra and family, Proprietor of Gayathri Talkies, Mysore.

The management of all the high schools in Mysore City are requested to send the list of names, address and the telephone numbers of the students who have secured 610 and above marks in SSLC exam of 2013-2014 along with the provisional Marks Card sealed and signed by the school authorities before May 17 (8 pm).

The parents can also submit the provisional marks card sealed and signed by the school authority to: The Hon. Secretary, Rotary Mysore, Rotary Centre, JLB Road, Opp MUDA, Mysore-570024. 0821-4247823. The award will be presented on May 22.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / May 13th, 2014

Dr. S.N. Mothi to address at Harvard School

DrMothiBF18may2014

Mysore :

Dr. S.N. Mothi, Founder-Trustee and Chairman of Asha Kirana Hospital, Mysore, has been invited by the Department of Psychiatry, Harvard Medical School in US, to deliver a talk on the topic “Mental Health Morbidities in HIV/AIDS – The scope for interventions in resource limited settings.”

During his visit, he will also address at the Department of Infectious diseases, Boston University School of Medicine, on the topic of “Antiretroviral Therapy in Children and Adolescents — Indian scenario”.

Dr. Mothi will be away in the US from May 13 to May 25.

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

Mysore Girl # 1

*SSLC result: Nithya Surabhi of Marimallappa’s is first in State, scores 622/625

*Hymavathi of Sadvidya High School scores 620; U.D. Gaurav of Vijaya Vittala 619

*Total pass percentage 81.19% in State *Mysore 26th in State with 80.58 %

Nithya Surabhi is seen flanked by her parents, mother Roopashri and father Ananthashayanam.
Nithya Surabhi is seen flanked by her parents, mother Roopashri and father Ananthashayanam.

Mysore :

The much-awaited results of SSLC (Secondary School Leaving Certificate) examination conducted by the Karnataka Secondary Education Examination Board (KSEEB) in March 2014 was announced by Primary and Secondary Education Minister Kimmane Ratnakar in Bangalore this morning.

Nithya Surabhi, a student of Marimallappa’s High School in city, has topped the State with an incredible score of 622 out of 625. She lost one mark each in English, Kannada and Science. In the rest, she scored a centum.

Nithya Surabhi is the daughter of Roopashree and Ananthashayanam residents of Gaganashankara Layout, near BEML Layout in Sriramapura.

Ananthashayanam works as a Pharmacist at Med Plus in Saraswathipuram while her mother Roopashree is a homemaker.

Speaking to Star of Mysore, Ananthashayanam said that he was very happy for her daughter securing highest marks in the State. He added he would continue to support his daughter in pursuing her education.

Nithya Surabhi also expressed her happiness over her securing the highest marks and said that she had never expected to top the State. “I had expected to score above 600 marks but never had thought of being a topper. I thank my parents and teachers for their continuous guidance”, she added. Nithya said that she wanted to pursue her education in Science stream by studying PCMB.

Three students have shared the second place in the State with a total of 621 marks.

B.V. Hymavathi of Sadvidya High School has scored 620/625. She is the daughter of Advocate B.K. Udayashankar and Gowramma, Assistant Director, Department of Archaeology and Heritage.

U.D. Gaurav of Vijaya Vittala has scored 619/625. He is the son of U.J. Dattatri and U.D. Aparna, residents of Kuvempunagar.

The State has recorded an overall pass percentage of 81.19 percent with girls outsmarting the boys this year also. Out of the 8.26 lakh students who appeared for the SSLC examination 6,60,215 have passed in which 85.46% are girls and 77% are boys.

Chikkodi has topped the results with 91.07% followed by Sirsi (90.73%) and Belagum (89.91%). Neighbouring Mandya district is placed fourth overall in the State. Mysore which has recorded 80.58% is placed 26th in the State while Kodagu has recorded 79.46 overall pass percentage and Bidar is placed last in the State with 75.35%.

A total of 46,963 students have secured distinction in the State. While 2,63,346 student have passed with First Class marks and 1,45,649 students with Second Class marks, 17 schools in the State have recorded Zero percentage of results which does not include any Government High Schools.

942 students have secured 100 marks in the First Language, 328 students in Second Language, 376 students in Third Language, 242 students in Mathematics, 16 students in Science and 1058 students in Social Science.

The SSLC supplementary examination will be held from June 16 for which May 26 is the last date to pay the fees. May 28 is last day for applying for revaluation and May 22 is the last date for seeking photo copy of the answer scripts.

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

Connexios, India’s first drug-discovery product startup signs first out-licensing deal; marks a milestone

Bangalore :

Bangalore-based Connexios, India’s first drug-discovery product startup, has signed its first out-licensing deal, marking a milestone for itself as well as for the Indian pharma industry. For Connexios, this sale of a set of its anti-diabetes molecules to German pharma major Boehringer Ingelheim is the first out-licensing deal by an Indian life-sciences company that is akin to a startup and whose only business is new drug discovery.  So far, only large Indian pharma companies, like Dr Reddy’s and Glenmark, have struck out-licensing deals.

Connexios declined to disclose the value of the transaction. But as per pharma industry benchmarks, deals of this nature generally involve upfront payments of $5 million to $10 million (Rs 30-60 crore) and milestone payments as the drug advances into clinical trials. “The deal validates our science and provides enough money to get other drug candidates to clinical trials,” says Connexios CEO Suri Venkatachalam.

The payments from Boehringer will be Connexios’ first significant revenues, after 10 years of operations. So far, all the company’s funding of Rs 140 crore has come from Nadathur Holdings, the private investment firm of NS Raghavan, one of the seven founders of Indian IT major Infosys — the largest by an individual investor in an Indian drug-discovery company.

Overall licensing deals are now a trickle in India, and Glenmark is the only company that has made out-licensing drug molecules a regular feature. “This deal is a morale booster for biotech startups funded recently,” says Nitin Deshmukh, CEO, Kotak Private Equity.

With about 180 people, Connexios has one of the largest teams in the world focussing on diabetes. The deal is important for it in many respects. First, it validates its science. Second, it validates its ideas about pipelines and what could make sense in developing drugs for diabetes. Third, it validates its ability to do deals, a very important aspect of business for a small or big company. “It is a good starting point for us to do drug discovery,” says Sriram Nadathur, director at  Nadathur Holdings. Connexios has now begun a journey that could take it to many different places depending on its ability and interest.

source: http://www.economictimes.indiatimes.com / The Economic Times /  ET Home> Industry> Healthcare-Biotech> Pharmaceuticals / by Hari Pulakkat, ET Bureau / May 06th, 2014