The Future of Entrepreneurship Trends Shaping
The entrepreneurial landscape is evolving rapidly, driven by technology, sustainability, and changing consumer behavior. From AI-driven automation to the rise of the solopreneur economy, businesses must adapt to stay ahead. Entrepreneur One Magazine
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VOL 01 | ISSUE 06 | AUGUST 2024 ntrepreneur Inspiring Entrepreneurs to the World ne A FINTECH LEADER DRIVING FINANCIAL INCLUSION AND DIGITAL PAYMENTS GLOBALLY GROUP CEO AND FOUNDER, EZIPAY G o to Digital
EziPay Global Wallet Borderless Transaction Across Africa, Europe, Middle east. 24/7 +230 5456 5615 support@ezipay.global home.ezipay.global
ntrepreneur ne Inspiring Entrepreneurs to the World VOL 01 | ISSUE 06 | AUGUST 2024 | Rs. 249
Editor's Desk In the vast landscape of dreams and aspirations, Entrepreneurs One is delighted to present the SPECIAL EDITION. This edition, like its predecessors, stands as a testament to our commitment to providing you with exclusive insights into the captivating world of entrepreneurship. As we embark on this literary journey, we invite you to immerse yourself in the narratives of visionary entrepreneurs who have left an unflinching mark on the business landscape. Entrepreneurship is a realm where dreams are woven into plans, strategies meticulously crafted, and goals set to navigate the challenging terrain of business. Our magazine, Entrepreneurs One, serves as a chronicle of these endeavors, shedding light on the nuanced journeys of individuals who have not just dreamed but translated their dreams into reality. The entrepreneurial journey, as depicted in the pages of this new edition, is a tapestry of determination, resilience, and unwavering commitment. We acknowledge the struggles, the triumphs, and the ever-thin line between success and failure that entrepreneurs navigate. Entrepreneurs One does not merely offer business insights; it endeavors to be a catalyst for personal growth. Our team, dedicated to curating quality content, aims to provide you with articles and blogs that not only benefit your business ventures but also contribute to shaping your character. The life stories featured within these pages aim to plant seeds of ambition and inspire you to embark on your unique journey. As we present the Special Edition, we extend an invitation to you, our cherished readers, to explore, learn, and reflect. Your feedback is invaluable to us, and we encourage you to share your thoughts on how we can continue to evolve and serve you better. Entrepreneurs One is not just a magazine; it is a community where dreams are nurtured, and success stories are celebrated. Here's to a year filled with inspiration, growth, and entrepreneurial triumphs. Arpita B a n e r j e e Managing Editor
ntrepreneur ne Inspiring Entrepreneurs to the World VOL 01 | ISSUE 06 | AUGUST 2024 | Rs. 249 PUBLISHER SUNIL KUMAR BUSINESS HEAD RINKY YADAV MANAGING EDITOR ARPITA BANERJEE MARKETING & OPERATIONS HEAD EDITORIAL CONTRIBUTORS APEKSHAA JALOTA, AALIYA WASEEM, AYUSHI VERMA, SANJANA PATTANKAR, AYUSHMAN PRATYUSH, DIPANWITA PRUSTY, STHITIPRAJNA PANDA DEEPAK SINHA CORPORATE TEAM ADITI SINGH, ANAMIKA SINGH, RIYA YADUVANSHI RELATIONSHIP MANAGER HARSHA GEHLANI DATA RESERCH & ANALYSIS SONIKA SINGH, SHALU BARJATYA, NEHA SINGH, RAHUL KUMAR, PUJA VISHWAKARMA DESIGN & CREATIVE HEAD LAKSHIT JAIN FINANCE HEAD TECHNICAL HEAD SHIVAM KUMAR AMARDEEP SINGH TOMAR CIRCULATION MANAGER RAGHAV MAHAJAN VIVEK SHARMA DIGITAL MARKETING MANAGER VISHAKHA SINGH Entrepreneur One is also available on Registered Office Just Go Digital 47/2A, Ground Floor Block -WZ, Village Basai Darapur, Delhi -110015 Website:- www.entrepreneuronemedia.com Email:- info@entrepreneuronemedia.com Copyright @2024 Entrepreneur One Media, All Rights Reserved Reproduction in whole or part of any text, photography, or illustrations without written permission from the publisher is prohibited. While the publishers made every effort to ensure the accuracy of all information in this magazine, they will not be held responsible for any errors therein.
14 24 26 MR. DHIRENDRA SINGH CEO & MD KAOUSTUBH KATHURIA CO-FOUNDER KUNAL KHARAT DIRECTOR Mr. Dhirendra Singh, the CEO and Managing Director of Airshed Planning Professionals Private Limited, leads the company with over two decades of experience in environmental and engineering projects. Kaoustubh Kathuria, the co-founder of Universal Fuel Industries, brings over six years of leadership experience in the industry and a passion for driving positive change toward a greener future and cleaner environment. Mr. Kharat discusses how CityGlide Travels is revolutionizing commuting practices while fostering sustainability and social responsibility. Discover the unique initiatives, future plans, and invaluable advice for aspiring entrepreneurs in this illuminating discussion. COVER STORY AMIT GAUR GROUP CEO AND FOUNDER, EZIPAY Amit Gaur, the driving force behind EziPay, brings over 22 years of experience in banking and telecom. His expertise and forward-thinking approach have been instrumental in EziPay's growth. Gaur holds a Bachelor s degree in Commerce from India and a Master s degree in International Marketing and Finance from the UK. His career spans leadership roles in several prominent companies, where he gained valuable insights into the fintech landscape. 30 ANU MENDA MANAGING TRUSTEE Anu Menda, Managing Trustee, RMZ Foundation believes that art is the unifying force that transcends geographical boundaries. We view this exhibition as an opportunity to spark meaningful conversations and make art more accessible to diverse audiences.
22 UNION BUDGET 2024-25 Important Highlights 32 34 SAMEER MOHAMMED FOUNDER AND CEO DR. VEER SINGH CEO Sameer Mohammed is the Founder and CEO of Nocturnal Network, where he spearheads the company's strategic direction and oversees its cross-sectoral operations. He ensures that every aspect of the business embodies the principles of creativity, inclusivity, and sustainability. Under his leadership, the company strives to be a front-runner in the entertainment and hospitality industry, delivering unforgettable social experiences. Dr. Veer Singh, CEO of LORDS AUTOMATIVE Pvt Ltd, oversees all operations in the electric vehicle (EV) sector, driving strategic vision, R&D for technology and battery efficiency, and market- oriented product selection. He prioritizes efficient resource allocation, and capital raising, and fosters a strong leadership team and positive corporate culture.
GROUP CEO AND FOUNDER, EZIPAY 08 | Entrepreneur One | August 24
EZIPAY: A FINTECH LEADER DRIVING FINANCIAL INCLUSION AND DIGITAL PAYMENTS GLOBALLY EZIPAY: REVOLUTIONIZING FINTECH AND DIGITAL PAYMENTS KEY PERSON AND THEIR RESPONSIBILITIES EziPay, a global fintech startup, has made significant strides in transforming digital payments and financial services across the continent. EziPay covers 146+ countries now with a focus on Africa, Asia, the UK, Europe, the USA, Canada, and Latin America. This company, a subsidiary of Artificial Intelligence Technologies Limited, aims to provide seamless, secure, and affordable cross-border money transfers. Under the visionary leadership of Amit Gaur, EziPay is committed to fostering financial inclusion and enhancing the ease of online transactions for individuals and businesses alike. Amit Gaur, the driving force behind EziPay, brings over 22 years of experience in banking and telecom. His expertise and forward-thinking approach have been instrumental in EziPay's growth. Gaur holds a Bachelor s degree in Commerce from India and a Master s degree in International Marketing and Finance from the UK. His career spans leadership roles in several prominent companies, where he gained valuable insights into the fintech landscape. Gaur s vision for EziPay is clear: to simplify the payment process for the average person and make financial services accessible to all. His dedication to providing seamless, secure, and user-friendly payment solutions has positioned EziPay as a trusted name in the industry. Under his leadership, EziPay has expanded its footprint across multiple African, Asian, European, UK, UAE, Latin America, and more. EZIPAY USP EziPay is a trailblazer in the fintech industry, offering a comprehensive suite of services through its innovative platform. Their key product, the USD Global Wallet, enables users to manage money and access essential financial services via an app or web interface. This platform is designed to cater to various financial needs, including utility bill payments, money transfers, online shopping, and more. EziPay operates under a Global Business License and a Payment Intermediary Service License issued by the Financial Service Commission in Mauritius, ensuring regulatory compliance and security. Ezipay Global now has 146+ countries providing Offshore USD Wallet Accounts, Having a 500k+ customer base covering the entire globe for corporates and individual wallet accounts. August 24 | Entrepreneur One | 09
WHAT DOES THE COMPANY DO? EziPay s platform offers a wide range of services tailored to meet the diverse needs of its customers. Key features include: IMPACT AND RECOGNITION HONORED EziPay s innovative solutions have garnered significant recognition within the industry. During the COVID-19 pandemic, EziPay s platform became an essential tool for many, facilitating safe and convenient money transfers when travel restrictions were in place. This adaptability and commitment to meeting customer needs earned EziPay several accolades. USD Global Wallet: This digital wallet allows users to load funds via debit/credit cards, mobile money wallets, and bank accounts. It supports real-time transfers to bank accounts or mobile wallets in over 146+ countries with competitive exchange rates and minimal charges. In 2020, EziPay was named the Most Outstanding Fintech Company at the Ghana Business Standard Awards, and Amit Gaur received the Best CEO of the Year award. The company also won the Most Outstanding Fintech App of the Year at the Customer Choice Awards, reflecting the high level of customer satisfaction and trust in their services. One App for All Financial Needs: EziPay s app enables users to remit money, pay bills, receive money in local currencies, accept USD transactions, shop online, and send gift cards, all from a single platform. No Frills Wallet Account: Catering to both individuals and corporates, this feature allows for efficient forex transactions with attractive packages for SMEs and MSMEs. 24/7 Customer Support: EziPay offers round-the-clock customer care via WhatsApp and email, ensuring assistance is always available. Bill Payments and Airtime Recharges: Customers can easily pay utility bills, recharge airtime, and purchase data packages from over 200+ countries worldwide. Upcoming Features: EziPay plans to introduce Mastercard virtual and debit cards linked to the USD Global Wallet, enabling users to shop online and withdraw cash from ATMs globally. Additionally, they will offer limited cryptocurrency transactions, providing users with more financial flexibility. Swift, Secure & Simple One app for all things money Remit money, pay bills & receive money in local currencies, accept USD transactions, shop, and send gift cards. No frills wallet account, for individuals or corporates Conduct all your personal or company forex transactions, and avail our attractive SME & MSME packages Minimal transaction and withdrawal rates Offering maximum benefits and minimum charges for forex transactions 10 | Entrepreneur One | August 24
FUTURE GOALS AND ENDEAVORS EziPay is dedicated to driving financial inclusion across Africa. By leveraging technology, the company aims to make financial services accessible to underserved populations, helping to bridge the gap in financial literacy and inclusion. Their platform supports various local and international payment methods, making it easier for users to transact seamlessly across borders. Swift Payments Here Ensure speedy transactions with Ezipay Global Wallet Looking ahead, EziPay envisions becoming a global neo- digital bank, with a core value of financial inclusion. The company plans to continue expanding its service offerings and geographical reach, ensuring that more people can benefit from their secure, convenient, and affordable financial solutions. WHAT ARE THE NEW IMMERSIVE TECHNOLOGIES ADOPTED BY THE COMPANY? EziPay has adopted several innovative technologies to enhance its services and improve user experience. These include: Blockchain Technology: Utilized for secure and transparent cross-border transactions. AI and Machine Learning: Implemented to provide personalized financial services, fraud detection, and customer support automation. API Integration: Allows seamless connectivity with various financial institutions and service providers, expanding the range of services available to users. Mobile and Web Platforms: Offer a unified interface for managing finances, making payments, and transferring money effortlessly. HOW DOES THE COMPANY ENCOURAGE PEOPLE WORKING IN THEIR ORGANIZATION? EziPay fosters a positive work environment by emphasizing continuous learning and professional growth. The company offers regular training programs to keep employees updated on the latest industry trends and technological advancements. Additionally, EziPay promotes a culture of innovation and collaboration, encouraging team members to contribute ideas and engage in problem-solving initiatives. Recognizing and rewarding exceptional performance through incentives and career advancement opportunities further motivates employees. This supportive and dynamic work culture ensures that EziPay s staff remains motivated, skilled, and committed to the company's vision of financial inclusion and digital innovation. Pay The Ezi Way August 24 | Entrepreneur One | 11
ADVICE TO THE READERS Amit Gaur, the visionary behind EziPay, advises readers to embrace the potential of fintech to drive financial inclusion and empowerment. He emphasizes the importance of staying adaptable and continuously learning in an ever-evolving industry. Gaur encourages aspiring entrepreneurs and professionals to prioritize innovation and customer-centric solutions, which can transform financial landscapes and create lasting impacts. By leveraging technology and fostering a spirit of collaboration, individuals can contribute to building a more inclusive and digitally advanced financial ecosystem. OVERVIEW EziPay s commitment to innovation, security, and customer satisfaction has made it a leader in the African fintech space. Under Amit Gaur s visionary leadership, the company has not only revolutionized digital payments but also contributed significantly to financial inclusion across the continent. As EziPay continues to grow and evolve, it stands as a beacon of hope for a more financially inclusive future, empowering individuals and businesses to thrive in the digital economy. 12 | Entrepreneur One | August 24
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AIRSHED: PIONEERING EXCELLENCE IN AIR QUALITY MANAGEMENT AND INNOVATION ABOUT AIRSHED AIRSHED is a leader in advancing air quality management, specializing in source apportionment, emission inventory, ambient air quality monitoring, and air pollution modeling. The organization's mission is to provide expert advice and innovative solutions to industries, local authorities, regulatory bodies, and policymakers, with the goal of creating healthier environments and communities. Guided by core values of unparalleled expertise, integrity, and innovation, AIRSHED is dedicated to setting benchmarks for excellence and driving positive change toward cleaner air. WHO ARE THEIR CLIENTS? They have successfully completed over 50 projects, serving esteemed clients such as state pollution control boards, prestigious institutions like IITs and NITs, renowned organizations such as CSIR, and industry leaders including Tata Chemicals and Qatar Petroleum. KEY PERSON AND THEIR ROLE Mr. Dhirendra Singh, the CEO and Managing Director of Airshed Planning Professionals Private Limited, leads the company with over two decades of experience in environmental and engineering projects. He is to responsible for steering the company s mission advance air quality science through innovation and research. With four patents and numerous international and national research papers, Dhirendra is committed to pushing the boundaries of environmental technology. Under his leadership, Airshed has completed thirty Source Apportionment Studies across India and Qatar, demonstrating the company's expertise in air quality management and dedication to delivering impactful environmental solutions. As the CEO of Airshed Planning Professionals Private Limited, prioritizing continuous innovation and investment in advanced air quality management technologies is crucial. This ensures the company remains at the forefront of the industry, providing clients with effective solutions. Fostering a culture of research and development encourages the team to explore new methodologies and technologies, enhancing expertise and maintaining leadership in the sector. MR. DHIRENDRA SINGH CEO & MD 14 | Entrepreneur One | August 24
NEW TRENDS AND CHALLENGES OVERCAME AIRSHED USP Their expertise lies in technical air quality management services and innovative products for combating air pollution. They excel in conducting source apportionment studies, compiling air pollutant emissions inventories, and utilizing advanced air quality monitoring techniques. With cutting- edge dispersion modeling, they accurately pinpoint pollution sources. Their comprehensive suite of specialized air quality instruments includes PM monitors, mobile vans with advanced systems, real-time pollutant sensors, and specialized sampling devices. Through these services and products, they provide customized solutions, establishing themselves as leaders in air quality management. To reach its current position, the company has encountered numerous challenges in the air quality management industry. Navigating the complex regulatory landscape and ensuring compliance with evolving standards demanded constant vigilance and adaptability. Managing and integrating vast amounts of data from diverse sources posed significant technical and logistical hurdles. Securing the necessary resources, both financial and human, to invest in cutting-edge technologies and skilled personnel has been a continuous challenge. Staying ahead in a rapidly evolving field requires continuous innovation and adaptation. Through dedication, innovation, and collaboration, the company overcame these challenges to establish itself as a leader in air quality management. GOALS AND PLANS The company aims to lead air quality management in India by setting excellent standards in source apportionment, emission inventory, monitoring, and pollution modeling. They leverage expertise and innovative approaches in air quality science, conducting accurate studies and employing cutting-edge techniques. With advanced modeling, they pinpoint pollution sources and offer specialized instruments for analysis. Through innovation and collaboration, they drive positive change in air quality management, aiming to improve environmental health. HOW DO THEY ENCOURAGE PEOPLE IN THEIR COMPANY? To keep the team motivated and engaged, the company prioritizes continuous learning through training and certifications. Achievements are acknowledged and rewarded with performance-based incentives. Open communication and feedback loops ensure everyone feels valued and heard. Work-life balance is promoted with flexible arrangements and supportive policies. Team building and collaboration are fostered through activities like team lunches and retreats. These strategies collectively create a motivating and fulfilling environment where the dedicated team thrives, driving success in advancing environmental sustainability and making a positive impact in air quality science and technology. NEW IMMERSIVE TECHNOLOGIES AND CHANGES ADOPTED The technologies to advance its mission in air quality management. Its suite of specialized air quality instruments includes particulate matter (PM) monitors, mobile vans with advanced monitoring systems, real-time pollutant sensors, and specialized sampling devices for detailed analysis. By integrating these innovative technologies, the company provides customized and impactful solutions that drive forward air quality management practices and contribute to a healthier environment. company is leveraging several cutting-edge FUTURE ENDEAVORS In the near future, the company plans to actively participate in the Digital Twin initiative led by the Ministry of Telecommunication, contributing its expertise to this transformative project. Additionally, it aims to expand its impact b y deploying low-cost air quality sensors across India, ensuring broader coverage and accessibility to real-time air quality data. This initiative aligns with the company's mission to promote environmental awareness and empower communities to act towards cleaner air. Through these efforts, the company aims to play a significant role in advancing air quality management practices and fostering healthier environments nationwide. 2024 RESOLUTIONS In 2024, the company is most looking forward to advancing its Digital Twin Sangam initiative. This ambitious project aims to create highly detailed digital replicas of urban environments to simulate and analyze air quality scenarios in real time. B y integrating this cutting-edge technology, the company hopes to provide more accurate predictions and effective solutions for air pollution management. ADVICE TO READERS For those entering environmental consulting or considering starting their own air quality management business, here are some key tips: Stay updated on industry trends, build a strong professional network, embrace innovation and technology, and develop essential business skills for sustainable growth. These strategies are crucial for success in this dynamic and competitive field. August 24 | Entrepreneur One | 15
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GUEST WRITING Implementation of AI and Robotics in Futuristic Hospitals Dr. M. Balasubramanian By: Dr. M. Balasubramanian Messy galleries, oil-painted walls, stained bathrooms, inefficient staff, dim light, and noise... This is how we identify a typical Indian hospital. Hospital chains are indeed making their presence felt, but for an average Indian, branded healthcare is still a luxury. The scenario has to change. The 21st century marks the arrival of technology where everything is changing. Hospitals are n o exception. However, the problem is with the strategic perspective. A STRATEGIC FRAMEWORK FOR MODERN HOSPITALS IS MISSING This realization is important, as healthcare is one of the basic needs of humankind, and especially in India, it is at the lowest ranking on the priority list. One needs to think and know about how strategy is important in making modern healthcare happen in India. The hospital of the future looks quite different from the hospital of today. Rapidly evolving technologies and growing consumerism, along with demographic and economic changes, are expected to disrupt hospitals worldwide. 18 | Entrepreneur One | August 24
Already, a growing number of inpatient healthcare services are being moved to the home and outpatient ambulatory facilities. However, many complex and very ill patients will continue to need acute inpatient services. With aging infrastructure in some countries and a demand for more beds in others, hospital executives and governments should consider rethinking how to optimize inpatient and outpatient settings, how to best connect with consumers, and how technologies into traditional hospital services to truly create a health system without walls. The focus is on strategic management, the investments, adopting the right technologies for the treatment of patients, and the resources for hospitals, including the quality of personnel when high turnover and a lack of proper resources plague hospitals and jeopardize investments made in high-tech equipment. The traditional Hospital is witnessing a change that is unprecedented. Robotics Process Automation, Digital supply change, Artificial Intelligence, the Internet of Things where machines will be talking to other machines, and 3D printing for surgeries are happening across the country. TRANSPARENCY IS THE KEY TO TALENT MANAGEMENT. The organizations with statement on TheHospital of the Future are believed to perform better than organizations with weak statements of performance goals. Nurturing multiple talents is allowing modern-day hospitals to develop and identify high-potential individuals at different levels of nursing and to provide them with opportunities in their specialty areas. to integrate digital a clear-cut goals performance intelligent choice of Doctors and administrators of hospitals are central to leveraging technologies innovations in the treatment of traditional diseases, as well as the body blow to hospitals caused pandemics like Covid-19. the latest and Technology has completely transformed the healthcare sector. by Hospitals are better prepared for such challenges now than they were a few years ago, and this book could not have come at a better time, as hospitals are grappling with the enormity of choices that have been made available to them. Hospitals' digital strategies should aim for higher levels of customer engagement than their rivals, especially as major hospital chains leverage digital technology to revamp their reward offerings. It is easier said than done. Still, it needs to be emphasized that offering Western-style health is just not enough anymore. The digital version of loyalty programs is a feature that can give health retailers a greater chance of competitive advantage. Arguably, the strategic management process at hospitals depends on how effectively it applies a mix of product-based systems, visit-based systems, and a points-based system. The advent of RAS (Robotic Assisted Surgery) has led to an exciting time a s Surgeons can now easily perform new and complex procedures. The success of this assistance is witnessed across Specialties such as spine surgeries, Cranial, Orthopaedic, Urology, General Surgery, Gynaecology, Neurology, CVTS, and GI among many others. Leveraging Technology with better utilization of human resources has helped hospitals in achieving cost- effectiveness while delivering good outcomes. Robotic Surgery enables Doctors to execute various types of surgeries with more precision and flexibility. The machine integrates advanced computer technology with the experience of the skilled surgeon and provides them with 10x magnified high-definition images of the body s intricate anatomy. The surgeon makes use of the controls in the console to use special surgical instruments that are smaller, maneuverable, and more flexible than a normal human hand. The robot then replicates the surgeon's hand movements while minimizing hand tremors thus allowing the surgeon to operate with enhanced precision, control, and dexterity even during the most complex procedures. It is equally important to focus on what type of services are expected to keep the customers loyal. Strategic Management deals with planning, organizing, and internalizing the rapid development of technologies not only in the diagnosis but in the treatment with highly sophisticated gene therapies giving targeted treatments to deadly diseases improving health care and reducing the time spent in hospitals for recovery. August 24 | Entrepreneur One | 19
As the RAS offers a minimally invasive surgery that results in smaller scars, shorter hospital stays, less blood loss, fewer complications, and faster recovery of patients it enhances the experience for both the surgeons and patients and rapidly gaining momentum in the healthcare space. The right technology not only reduces costs but also helps hospitals provide quality service. For example, virtual consultation video notifications, multi-language audio, two-way audio communication, and high-definition video cameras make it easier to connect to patients. Predictability and rationality have long been the mainstay of managerial perspectives on modern hospitals. The Rising complexity of the business volatility and demand cycles has forced the hospitals to gear up for the future ahead. Quality of service is increasingly getting complicated because of the diversity of professionals, ambiguous objectives, and multiple stakeholders. RAS can not only play an important role in training young medical professionals to become more efficient future surgeons but will also help enhance the healthcare infrastructure in Tier2 Tier3 hospitals. With further progress in AI, machine learning data analytics, and medical devices Doctors are able to gather insights into patients in real-time and personalized medicine. Meyer et al (2016) have therefore said that strategic management is becoming useful in hospitals because they work as complex organizations and are driven by ambiguous and multiple objectives. In hospitals, the actions and decisions come out of interpretive political and symbolic aspects more than mere rationalism. With advances such as implemented across the villages across the country can easily avail the expertise of the Doctors miles away. Telemedicine being widely country patients in remote Also, it is important to know that social capital, legitimacy, organizational knowledge, and highly pluralistic contexts make hospitals a difficult terrain. In Addition to the complexities of their external environment, they are internally as complicated. The accumulation of various internal and external stockholders makes it challenging for managers to fight for the right balance between rational managerial models and institutional models. More and more organizations are now looking forward to the LeadershipCompetency Model for guiding their efforts toward talent management. An array of IT Solutions, in the form of cloud computing, virtual medium, artificial intelligence, and data mining, give healthcare facilities a great opportunity to enhance their operational efficiencies. Proper incorporation of modern IT Solutions into healthcare systems is found to be positively related to quality of care. This is a n investment that cuts down upon the redundant and unnecessary and allows caregivers to on meaningful tasks. Technology can be seen as a potential solution to efficiency problems in modern hospitals. tasks the focus 20 | Entrepreneur One | August 24
Also as social institutions hospitals constantly face a high level of exchange of information, domination, structures, and complex interactions. In addition to an institutional- based view of strategy, the hospitals should look for a strategy that acts as a central mediator between the institutional environment and organizational attributes. AUTHOR BIOGRAPHY Transparency is the key to talent management. The organizations with clear-cut statements on performance goals. The Hospital of the Future is believed to perform better than organizations with a weak statement of performance goals. Nurturing multiple talents is allowing modern-day hospitals to develop and individuals at different levels of nursing and to provide them with opportunities in their specialty areas. More and more organizations are now looking forward to the leadership Competency Model for guiding their efforts toward talent management. identify high-potential Dr. M. Balasubramanian, a doctor by profession, coupled with leadership and management skills has successfully led a period of 35 years a team of healthcare professionals in various hospitals in Mumbai. An array of IT Solutions, in the form of cloud computing, virtual medium, artificial intelligence, and data mining, give healthcare facilities a great opportunity to enhance their operational efficiencies. Proper incorporation of modern IT Solutions into healthcare systems is found to be positively related to the quality of care. He is a strategic, people-oriented leader with senior-level experience within complex health environments who enjoys leading and influencing change. He has a genuine passion for working with the community and other key stakeholders to improve health outcomes. In his final tenure as Chief Medical Officer at Lilavati Hospital, he was responsible for the staff's health & well-being, in addition to medical administration. This is an investment that cuts down upon the redundant and unnecessary tasks and allows the caregivers to focus on meaningful tasks. Technology can be seen as a potential solution to efficiency problems in modern hospitals. The Right technology not only reduces the cost but it also helps the hospitals in providing quality service. He has successfully completed the General Management Program(GMP) from the prestigious Indian School of Business (ISB) In the early stages of the pandemic, he was quick to assimilate facts and publish a book COVID-19 - The New Age Pandemic In his last book Total Quality Management in the Healthcare Industry he talked about the importance of TQM in healthcare and the Barriers &Challenges faced while implementing it. For example, virtual consultation video notifications, multi-language audio, two-way audio communication, and high-definition video cameras make it easier to connect to patients. Remote nurses can possibly take care of all the vital signs of the patient and provide care based on the patient's condition. HIS LATEST BOOK ON STRATEGIC MANAGEMENT OF HOSPITALS--A FUTURISTIC OVERVIEW The future of the hospital depends on the level of ownership that each of its employees shows. The right engagement strategies and proper environment planning would make sure that the employees contribute their hundred percent to care delivery. The hospital of the future may look quite different than the hospital of today. Rapidly evolving technologies and growing consumerism, along with demographic and economic changes, are expected to disrupt hospitals worldwide. Already, a growing number of inpatient health care services are being pushed to the home and outpatient ambulatory facilities; however, many complex and very ill patients will continue to need acute inpatient services. With aging infrastructure in some countries and demand for more beds in others, hospital executives and governments should consider rethinking how to optimize inpatient and outpatient settings, how to best connect with consumers, and how to integrate digital technologies into traditional hospital services to truly create a health system without walls. August 24 | Entrepreneur One | 21
Union Budget 2024-25 U N I O N B U D G E T Important Highlights 2024-25 Major Tax Highlights Capital Gains Exemptions raised to Rs.1.25 lakh annually for Listed Financial Assets. Short-Term Capital Gains Tax revised to 20% for Specified Financial Assets. Long-Term Capital Gains Tax revised to 12.5%. Standard Deduction for Salaried Employees increased to Rs.75,000 under New Tax Regime. Revenue Streams of Government Government Spending 22 | Entrepreneur One | August 24
Ministry-Wise Allocation Allocation to Major Schemes Inflation Trend Pe formance of In ian Economy Budget at a Glance August 24 | Entrepreneur One | 23
UNIVERSAL FUEL INDUSTRIES: PIONEERING SUSTAINABLE ENERGY SOLUTIONS THROUGH BIOMASS BRIQUETTES ABOUT UNIVERSAL FUEL INDUSTRIES Founded in 2009, Universal Fuel Industries is a leading manufacturer and supplier of eco-friendly biomass briquettes made from agricultural and industrial waste. With facilities in Rajasthan and Madhya Pradesh, the company delivers sustainable energy solutions that reduce environmental impact, maintenance costs, and production delays. Their "Energy Synergy" model handles all boiler operations, meeting industrial steam and heating needs with 100% eco-friendly fuel, ensuring complete safety and compliance. Balancing financial viability with a commitment to sustainability is crucial for shaping the company s future and reinforcing its dedication to providing eco-friendly energy alternatives. Universal Fuel Industries aims to revolutionize energy production with solid fuels that are more sustainable, efficient, and cost-effective than coal, furnace oil, and diesel. By minimizing environmental impact and supporting local communities, the company addresses global energy challenges. Strategic partnerships and ongoing research drive Universal Fuel Industries' growth toward a more sustainable and efficient energy future. KEY PERSON AND THEIR RESPONSIBILITIES Kaoustubh Kathuria, the co-founder of Universal Fuel Industries, brings over six years of leadership experience in the industry and a passion for driving positive change toward a greener future and cleaner environment. He is committed to utilizing Make in India machines and engaging farmers to improve their livelihoods. One of his key responsibilities is prioritizing sustainable innovation in product development. This includes deciding which green technologies to invest in and how to integrate them into fuel solutions, ensuring the company remains at the forefront of the industry while minimizing environmental impact. KAOUSTUBH KATHURIA Co-Founder 24 | Entrepreneur One | August 24
Additionally, the company is committed to community- building initiatives that support farmers through financial aid and training programs, furthering their commitment to sustainable agricultural practices and economic empowerment. WHO ARE THEIR CLIENTS? The Company has some notable clients among which the key highlights are - Mondelez, PepsiCo, Torrent Pharmaceuticals, ITC, Cargill, Hero Cycles, Hindustan Unilever Ltd, Wipro Consumer Care, Pidilite Industries, Mars-Wrigley, etc. NEW TRENDS IN INDUSTRIES AND CHANGES MADE TO ADAPT TO IT UNIVERSAL FUEL INDUSTRIES USP Universal Fuel Industries stands out with several unique selling points. They ensure an all-weather supply of biomass briquettes, maintain competitive pricing through multiple manufacturing units, and deliver consistently high-quality products by drying and filtering raw materials. The company supports local farmers by providing fair compensation for crop waste, turning it into extra income. Additionally, they simplifies boiler operations outsourcing with 100% eco-friendly fuel and prioritizes safety and compliance through continuous improvement and adherence to all regulations. In India, the biomass briquette industry is advancing with innovations like binderless technology, automatic control systems, and hybrid briquetting. Universal Fuel Industries employs these technologies across its sites to produce high-quality briquettes. Current trends include researching crop wastes for solid fuel conversion and a shift towards contractual services like steam generation. Industries in North and Central India are increasingly adopting biomass boilers for energy efficiency and cost savings. With an in-house laboratory, Universal Fuel Industries ensures each batch meets rigorous quality standards, supporting operational efficiency and client satisfaction through a structured service model. FUTURE GOALS AND ENDEAVORS Universal Fuel Industries is dedicated to promoting sustainability and providing accessible clean energy solutions through biomass briquettes. They educate individuals and industries on the environmental benefits, low maintenance, storability, and cost-effectiveness of biomass briquettes, aiming to expand their production facilities strategically to reach more communities and industries with these solutions. Upholding health, safety, and environmental (HSE) compliance in boiler operations and maintenance services is a priority, ensuring their operations not only deliver clean energy but also meet stringent safety and environmental standards. Looking ahead, Universal Fuel Industries plans to explore biomass briquette exports, research alternative crop waste for solid fuel potential, and assist the public sector in transitioning from coal to biomass briquettes, thereby contributing to a sustainable future while fulfilling current energy needs. HOW DO THEY ENCOURAGE PEOPLE WORKING IN THEIR ORGANIZATION In their company, fostering a culture of collaboration and innovation is commitment. brainstorming sessions where team members from different departments come together to address challenges and explore fresh ideas collectively. This approach not only results in innovative solutions but also cultivates a spirit of camaraderie and teamwork. It exemplifies their dedication to prioritizing collaboration and empowering each team member to contribute their unique perspectives toward achieving shared objectives. more than an objective it's a daily For instance, they conduct weekly 2024 RESOLUTIONS In 2024, Universal Fuel Industries aims to achieve several strategic objectives. They plan to diversify their business by venturing into new areas such as supplying boiler parts and introducing additional solid fuels derived from coconut shells, sawdust, rice husk, and other crop waste. Geographically, they intend to expand their operations into South India. To strengthen their market presence, Universal Fuel Industries will increase their permanent workforce, specifically focusing on enhancing their capabilities in sales and marketing. ADVICE TO READERS Consider investing in sustainable businesses that balance profitability with environmental responsibility. The need to address urgent environmental issues like climate change and pollution is paramount. While technology such a s renewable energy and efficient resource management is essential, individual actions such as reducing waste and supporting eco-friendly practices are equally vital. By combining technological innovation with responsible personal choices, we can work towards a sustainable future for our planet. August 24 | Entrepreneur One | 25
A VISIONARY IN TRANSPORTATION: MEET MR KUNAL KHARAT, PRINCIPAL DIRECTOR OF CITYGLIDE TRAVEL SOLUTIONS PVT. LTD In an exclusive interview, Kunal Kharat, the dynamic Director of Cityglide Travel Solutions, shares insights into his entrepreneurial journey and the mission driving his company s impact in the transportation and mobility sector. From overcoming challenges to leveraging innovation and technology, Mr. Kharat discusses how CityGlide Travels is revolutionizing commuting practices while fostering sustainability and social responsibility. Discover the unique initiatives, future plans, and invaluable advice for aspiring entrepreneurs in this illuminating discussion. BACKGROUND AND JOURNEY Currently, we are working towards developing better common shared mobility concepts for corporates and citizens of India. Q. Can you share a brief about you and an overview of your professional journey and how you ventured into your current business domain? Also, Please share your personal background as well. KEY ACCOMPLISHMENTS I was born and brought up in Pune. After completing my school, I went abroad and pursued my graduation in the UK. Growing up, I saw my family build a first-generation business and it faced turbulent times during Covid. When I stepped into the business, I thought of building a business model that is perfectly moated/insulated with a strong support system strategic tie-ups, and growth potential. Q. What do you consider your most significant achievements or milestones in your career? During the Covid period, there was a big void and gap and there was total disruption of the business all over. During this period, we advanced our technologies and innovated our business model, enabling us to achieve a three-digit topline within less than three years. Q. What motivated or inspired you to pursue a career in the transportation and mobility industry? After my graduation in the UK and coming to India later on, I could see a lot of opportunities in the area of transportation and mobility, especially the last mile connectivity. I then started working on those aspects of commuting after thorough research and understanding of how integration with technology will bring in a sea change to the end users and the drivers and build a robust business model. I have seen people struggling with transportation in the corporate world. I have also seen how pollution and its aftereffects impact climate change. I then thought of developing a business of transportation that helps reduce congestion on roads and promotes the usage of public transportation to reduce carbon footprints. 26 | Entrepreneur One | August 24
CHALLENGES AND LEARNINGS CLOSING THOUGHTS Q. What challenges have you faced in your career, and how did you overcome them? Q. Is there anything else you'd like to share or any message you'd like to convey to the audience reading this feature about you? Challenges : Entrepreneurship is rewarding especially when you are able to generate employment for thousands of people and build a better life for channel partners and supply chain. We aim to empower Manpower: Ensuring we had the right team in place. Supply Chain: Managing the complexities of logistics and supply chain. Develop a hybrid model of integration technology into traditional transportation. them through entrepreneurship activities and initiatives, combined with fostering accountability and developing a feeling of ownership through distributed ownership programs. All this leads to greater personal contentment and fulfillment. INNOVATION AND VISION Q. Could you discuss your vision for the future of your business or the industry as a whole? Our business model should be such that it should be a win-win for society and the stakeholders and make business as sustainable as possible. Currently, we are working towards gaining ground to be a leader in the Employee transportation domain and last- mile connectivity program with innovative models and first-of-its-kind systems and technologies. We are an inclusive workplace where we encourage Differently abled, women, and LGBTQ co-workers members into our team. Our Business model should be woven around society and help reach out and connect and empower maximum citizens for better lives and earning opportunities. We believe that India will entrepreneurship and be the economy. lead the world in backbone of India s We have a sustainable approach towards transportation b y using green fuel transitioning towards electric mobility and targeting net zero. Our future vision is to embrace electric mobility and work towards enabling faster and effective and cheaper means of transportation, which can include electric mobility, Air taxis, and Drones, and ensuring every dry/dead mileage running gets converted into profitable revenue-based running. Q. What are you looking forward to accomplishing most in 2024? We are currently operating in over 18+ major cities and have our services operating in more than 300 cities for our car rental vertical. We plan to be a top player in this domain pan India. And in the year 2024 and 2025, we plan to have a considerable global presence as well. August 24 | Entrepreneur One | 27
w h y SCHOOL KIDS SHOULD LEARN TECHNOLOGY AT EARLY AGE ??? Preparation for the future: Technology is becoming increasingly integral to our daily lives, and it's essential that young students have a strong foundation in technology to be prepared for the future. ADVANTAGES Increased efficiency: Technology can help students complete tasks more quickly and accurately, freeing up time for more complex or creative projects. Improved critical thinking skills: Learning technology requires problem-solving and critical thinking skills, which can help students develop these skills at an early age. Enhanced learning experiences: Technology can be used to create interactive and engaging learning experiences that can help students better understand and retain information. Enhanced creativity: Technology can be used to create and innovate in many different fields, and learning technology at an early age can help students tap into their creative potential. Access to a wealth of resources: Technology provides students with access to a vast range of educational resources, such as online courses, multimedia content, and interactive tools. Access to a vast range of resources: Technology provides students with access to a wealth of resources, such as online learning platforms, educational apps, and digital libraries. Improved collaboration and communication: Technology can help students collaborate and communicate more effectively with their peers and teachers, both in person and remotely. Improved collaboration and communication: Technology can help students collaborate and communicate more effectively with their peers and teachers, both in person and remotely. Greater flexibility: Technology allows students to learn at their own pace and on their own schedule, providing greater flexibility and control over their learning. Overall, technology can provide many advantages for students, including improved efficiency, enhanced learning experiences, access to resources, improved collaboration and communication, and greater flexibility. Overall, learning technology at an early age can help students develop important skills and prepare them for the future. 28 | Entrepreneur One | August 24
SOME WAYS OF PRACTISING Provide age-appropriate resources: Provide children with age-appropriate resources, such as educational apps or online games, that are designed to be fun and engaging. Participate in coding or programming clubs: Many schools and community organizations offer coding and programming clubs for students to practice their skills. Encourage creativity: Encourage children to be creative and use technology to create their own projects, such as videos, games, or websites. Use online learning platforms: There are many online learning platforms, such as Code.org and Khan Academy, that offer free coding and programming courses for students. Provide opportunities for collaboration: Technology can be used to facilitate collaboration and social interaction among children, which can be motivating and enjoyable. Participate in hackathons: Hackathons are events where students can come together to work on technology projects and learn from each other. Encourage problem-solving: Technology can be used to solve problems and develop critical thinking skills, which can be motivating and rewarding for children. Build your own projects: Encourage students to build their own projects using technology, such as websites, apps, or games. Overall, the key to developing interest in children is to make technology fun, engaging, and age-appropriate, and to provide opportunities for exploration, creativity, collaboration, and problem-solving. Attend technology events: Attend technology events, such as coding camps or tech conferences, to learn from experts and network with other students. IS IT OK TO MAKE CHILDREN LEARN TECHNOLOGY AT AN EARLY AGE? ARE WE SPOILING THEIR CHILDHOOD? Overall, there are many ways for students to practice their technology skills, including participating in coding and programming clubs, using online learning platforms, participating in hackathons, building their own pro ects, and attending technology events. Learning technology at an early age can be beneficial for children in many ways, such as developing important skills, preparing them for the future, and fostering their curiosity and creativity. However, it is important to balance technology use with other activities and to ensure that children have time for play and unstructured free time. It is not necessarily "spoiling" a child's childhood to introduce them to technology at an early age. Rather, it is a way to help them develop important skills and prepare them for the future. However, it is important to ensure that children have a balance of technology use and other activities, such as play, sports, and social interaction. DOES A CHILD COOPERATE TO LEARN TECHNOLOGY? Curiosity: Children are naturally curious and may be drawn to technology because it offers a new and exciting way to learn and explore. Immediate feedback: Technology can provide immediate feedback to students, which can be motivating and help to build their confidence. Overall, it is important to strike a balance and make sure that children have a well-rounded childhood that includes a variety of activities and experiences. Real-world applications: Technology is used in many different fields, and learning about it can help students understand how it can be applied in their own lives and in the world around them. DRAWBACKS Collaboration and social interaction: Technology can facilitate collaboration and social interaction among students, which can be motivating and enjoyable. Addiction: Excessive use of technology can lead to addiction, which can negatively impact a child's social, emotional, and physical well-being. Parental support: Children are more likely to be interested in learning technology if they have supportive parents who encourage and encourage their interest in the subject. Sleep deprivation: Exposure to screens before bedtime can disrupt sleep patterns and lead to sleep deprivation, which can have negative effects on a child's health and development. Overall, children may be interested in learning technology if they are curious, receive immediate feedback, understand its real-world applications, en oy collaborating and socializing with others, and have supportive parents. Cognitive development: Excessive use of technology can interfere with cognitive development, such as attention, memory, and problem-solving skills. Social interaction: Overuse of technology can lead to social isolation and a lack of face-to-face interaction with others, which is important for social and emotional development. HOW TO MOTIVATE KIDS TO LEARN ABOUT TECHNOLOGY? Allow them to explore and experiment: Encourage children to explore and experiment with technology on their own, without pressure or expectations. Safety concerns: Children may be at risk of online predators, cyberbullying, and other online dangers if they are not properly supervised. Make it fun: Technology can be made fun and engaging through games, puzzles, and interactive activities. Overall, it is important to be mindful of the potential drawbacks of technology use and to ensure that children have a balanced and healthy relationship with technology. 29
RMZ FOUNDATION CELEBRATES INDIAN WOMEN ARTIST ON GLOBAL PLATFORMS In the vibrant sphere of Indian art and design, a new initiative is emerging as a beacon of artistic celebration. A collaboration between RMZ Foundation and the Yorkshire Sculpture Park (YSP) has culminated in a UK exhibition that aims to honor and support Indian women artists, elevating their work onto the global stage. This partnership embodies a shared mission: introducing India's rich cultural heritage to a wider audience. It transcends a mere display of art, instead spotlighting the transformative power of art to bridge divides, promote accessibility, and foster understanding. Simultaneously, Suhasini Kejriwal s Garden of Un-Earthly Delights, is a mesmerizing collection of hand-painted bronze sculptures. Kejriwal s intricate botanical themes invite viewers into a whimsical yet profound exploration of nature and imagination. Her work is a celebration of the delicate balance between human creativity and the natural world, capturing the essence of beauty and resilience. Amplifying Voices Through Art At the forefront of this twofold collaboration are two remarkable exhibitions. Bharti Kher s solo exhibition, Alchemies, delves into the female body and experience, offering a profound commentary on contemporary issues of identity and gender. Her sculptures, rich with symbolic meaning and reflective of women s perspectives, are a powerful testament to the complexities of the female experience. Kher s work transcends traditional artistic boundaries, engaging viewers in a dialogue about identity, power, and the human condition. Collaborative presentations of such scale and stage are part of a broader effort to not only showcase art but also to proactively offer platforms for women artists to emerge confidently. Anu Menda, Managing Trustee, RMZ Foundation believes that art is the unifying force that transcends geographical boundaries. We view this exhibition as an opportunity to spark meaningful conversations and make art more accessible to diverse audiences. By showcasing these powerful artworks in one of the UK s most widely visited art spaces, the Foundation aims to share a rich cultural heritage with the world while empowering women artists. Anu Menda, Managing Trustee, RMZ Foundation at Yorkshire Sculpture Park (UK) 30 | Entrepreneur One | August 24
Fostering Accessibility and Inclusivity Through a multi-faceted approach, public art installations are curated and commissioned in parks, public arenas, and office spaces, ensuring that art is an integral part of everyday life. Such initiatives showcasing art, aiming to make it accessible to all and fostering a deeper connection with diverse audiences. These installations not only beautify urban environments but also create spaces for reflection and community engagement. Our work with women artists extends across India s states, showcasing talents such as Trupti Patel, Shanthamani M., Shilpa Gupta, Vibha Galhotra, Jaysree Burman, Manisha Parekh, Shaikha Al Mazrou, and Alicja Kwade. Each artist brings a unique perspective and voice, enriching the cultural tapestry and contributing to art s societal impact. transcend merely As this journey continues, the mission to integrate art into communities and contribute to societal impact remains steadfast. Support for women artists and commitment to inclusivity and accessibility are paving the way for a more vibrant and equitable art world, not only celebrating Indian women on global platforms but also inspiring a new generation of artists and art enthusiasts. In an era where cultural exchange and understanding are crucial, such collaborations exemplify the power of art to unite, inspire, transform and demonstrates how dedicated efforts can make a lasting impact, showcasing the beauty and depth of Indian art to the world. By providing platforms for artistic expression and engagement, barriers must be broken down in making art a universal language. Inclusive art workshops and events are initiatives that bring together people of all ages and abilities, forging creative connections and fostering a sense of community. By bringing celebrated women artists out of the shadows and into the spotlight, traditional gender norms are constantly challenged, promoting a more inclusive art world. So far, RMZ Foundation has held exhibitions, featuring over 60 contemporary sculptures, including artworks by female artists from diverse backgrounds and career stages, reflecting a commitment to diversity and inclusivity. August 24 | Entrepreneur One | 31
NOCTURNAL NETWORK: CRAFTING EXCEPTIONAL SOCIAL EXPERIENCES IN HOSPITALITY AND ENTERTAINMENT Their customer base comprises both locals and tourists, creating a vibrant community that values exceptional hospitality and seeks unforgettable experiences. By catering to such a wide range of interests, Nocturnal Network has established itself as a hub for people from all walks of life to come together and enjoy exceptional social experiences. ABOUT NOCTURNAL NETWORK Nocturnal Network is a leading hospitality and entertainment company renowned for exceptional social experiences. They own and manage a portfolio of restaurants and nightlife venues in major cities across India, including ArtistryLive in Goa and Hyderabad, Artistry Suites in Goa, and Tapas Me in Chennai and Hyderabad. Furthermore, the company excels in organizing live events, concerts, and music festivals that showcase cultural resonance and bring communities together. crafting KEY PERSON AND HIS RESPONSIBILITIES Sameer Mohammed is the Founder and CEO of Nocturnal Network, where he spearheads the company's strategic direction and oversees its cross-sectoral operations. He ensures that every aspect of the business embodies the principles of creativity, inclusivity, and sustainability. Under his leadership, the company strives to be a front- runner in the entertainment and hospitality industry, delivering unforgettable social experiences. As the CEO, Sameer Mohammed makes critical decisions for the company, including expansion into new markets, investment in human resources development initiatives, and implementation of sustainable solutions, which have been instrumental in shaping the company's growth trajectory and solidifying its reputation for excellence. WHO ARE THEIR CLIENTS? Nocturnal Network caters to a diverse range of clientele, including fine dining and drinks enthusiasts, club-goers, live entertainment lovers, and those who appreciate diverse music scenes. SAMEER MOHAMMED Founder and CEO 32 | Entrepreneur One | August 24
NOCTURNAL NETWORK USP Nocturnal Network distinguishes itself by prioritizing exceptional social experiences that combine delectable cuisine, captivating performances, and cultural relevance. The company is dedicated to pushing the boundaries of innovation in hospitality and entertainment, ensuring that its menu designs, programs, and event curation consistently surpass industry standards. By focusing on these key elements, Nocturnal Network delivers unique and memorable experiences that set it apart from others in the industry. FUTURE ENDEAVORS Nocturnal Network is poised for global expansion and is driving innovation in sustainability, with a strategic focus on becoming a technology-driven emphasizing content and community. To achieve this, they are building competitive teams to develop cutting- edge, tech-driven products that foster community engagement and nurture consumer relationships through live and reported content centered on customer experiences and their brand journeys. Additionally, the company is committed to supporting various social causes worldwide, striving to make a positive impact on global social events while remaining steadfast in their values. By prioritizing community, content, and social responsibility, Nocturnal Network is dedicated to creating a lasting, global legacy. organization GOALS AND STRATEGIES Nocturnal Network is committed to pioneering innovative social experiences in India, continually introducing novel concepts to captivate diverse audiences across various locations. Their strategy encompasses expanding their market reach, fostering meaningful connections, and upholding their reputation for sustainable practices and transparency. They prioritize enhancing their storytelling and humanizing their brands to cultivate stronger communities around their businesses. Furthermore, they are dedicated to integrating sustainable practices into their daily operations and forming strategic partnerships to enrich their offerings. B y actively considering customer feedback and relying on data-driven insights, they make informed adjustments to refine their approach and maintain their position as leaders in the industry. 2024 RESOLUTIONS In 2024, Nocturnal Network is concentrated on broadening their dining and live experience offerings, pioneering innovative event formats, and embedding sustainable practices throughout their operations. They are enhancing their culinary portfolio with TapasMe in Hyderabad, showcasing their Euro-Asian dining experience, and introducing a speakeasy bar in Goa. Furthermore, they are constructing a podcast room within ArtistryLive, enabling their in-house content team to produce a diverse array of episodes. This initiative marks a significant step forward in community building through relevant content, underscoring Nocturnal Network's commitment to creating immersive experiences that resonate with their audience. NEW IMMERSIVE TECHNOLOGIES AND WAYS TO ADAPT TO THEM? At Nocturnal Network, they champion the integration of artificial intelligence (AI) and creative human input to amplify customer engagement and streamline operational efficiency in their daily business operations. B y leveraging these technologies, they aim to elevate event experiences, personalize guest interactions, and simplify venue management, ultimately delivering exceptional service. Meanwhile, several key trends are emerging in the hospitality and entertainment industries. These include a growing focus on experiential dining, where restaurants craft immersive environments and offer unique culinary experiences. Sustainability is also gaining traction, with an emphasis on eco-friendly practices and locally sourced ingredients. Additionally, the increased adoption of mobile apps and augmented reality is enhancing customer interactions and operational efficiency. Furthermore, there is a noticeable shift towards greater community engagement, with events organized by local artists gaining popularity, highlighting a growing appetite for diverse perspectives and experiences beyond the familiar. HOW DO THEY ENCOURAGE PEOPLE IN THEIR ORGANIZATION? Nocturnal Network prioritizes a supportive company culture that values creativity, collaboration, and respect. They promote work-life balance, and career development, and recognize achievements to foster growth and well- being for all team members. ADVICE TO THE READERS Embrace diversity, prioritize sustainability, and seek out experiences that enrich your life and connect you with others. Support businesses that share your values and contribute positively to their communities. August 24 | Entrepreneur One | 33
WHO ARE THEIR CLIENTS? Their primary clients are electric 2-wheeler and 3- wheeler dealers and distributors. Additionally, they participate in government tenders and conduct institutional sales. ABOUT THE KEY PERSON AND HIS ROLES AND RESPONSIBILITIES Dr. Veer Singh, CEO of LORDS AUTOMATIVE Pvt Ltd, oversees all operations in the electric vehicle (EV) sector, driving strategic vision, R&D for technology and battery efficiency, and market-oriented product selection. He prioritizes efficient resource allocation, and capital raising, and fosters a strong leadership team and positive corporate culture. Dr. Singh focuses on expanding markets, enhancing customer satisfaction, integrating sustainability, ensuring regulatory compliance, and managing crises effectively, shaping LORDS AUTOMATIVE's success and sustainability in the EV industry. DR. VEER SINGH: STEERING LORDS AUTOMATIVE PVT LTD TOWARD A GREENER FUTURE LORDS AUTOMATIVE PVT LTD LORDS AUTOMATIVE Pvt Ltd, founded in February 2020, is a leading Indian manufacturer of innovative, eco- friendly 2-wheelers and 3-wheelers. Their vehicles emphasize sustainability, cost efficiency, energy intelligence, and high quality. Known for strong after- sales service and spare parts support, LORDS AUTOMATIVE is establishing itself as a reliable brand in the electric vehicle market. In response to the pressing issue of pollution, the company promotes the adoption of green technology with products like the Lord s Zoom e- scooter, Lord s King e-rickshaw, and specialized vehicles like the Lord s Grace for handicapped individuals. Their commitment is to provide top-tier, sustainable transportation solutions to create a greener future. Their Products: Category 2-Wheeler Lord s Zoom E-Scooter Lord s Zoom Plus E-Scooter LORDS Bijli - E Loader LORDS Stylon - High-Speed E Scooter LORDS Prime - High-Speed E Loader Category 3-Wheeler Lord s King E-Rickshaw Lord s Samrat E-Loader Lord s Sawari Butterfly E-Rickshaw Lord s Gati Butterfly E-Loader Lord s Grace E-Rickshaw (Specially designed for Handicap People) Lord s Swachh Yaan Garbage Vehicle Lord s Vayu - High-Speed Auto Lord s Velocity - High-Speed Loader DR. VEER SINGH CEO 34 | Entrepreneur One | August 24
ADAPTABILITY TO NEW IMMERSIVE TECHNOLOGIES LORDS AUTOMATIVE USP LORDS AUTOMATIVE Pvt Ltd stands firmly by its customers, offering round-the-clock support and premium services such as customer assistance, part replacements, and vehicle delivery. They provide DIY videos for maintenance in all weather conditions and aid in battery care. Additionally, the company offers doorstep service, business promotion, and lead generation. Aligned with customer aspirations for environmental sustainability and transportation reliability, LORDS AUTOMATIVE embodies the spirit of Make in India, ensuring prompt support that fosters trust. Recognizing that the customers prioritize factors beyond price, such as time, energy, and emotional investment, the company strives to meet every customer query and support their long-term success with durable and cost-effective products. Advanced technologies like IoT sensors for real-time data collection, AI and ML algorithms for efficient resource management, and robotics for enhanced assembly line operations are revolutionizing the AUTOMATIVE sector. Additionally, virtual simulations, 3D printing for rapid prototyping, and waste reduction technologies further optimize processes and reduce costs. Integration and effective utilization of these technologies are crucial for maximizing their benefits across AUTOMATIVE manufacturing. NEW TRENDS AND CHALLENGES FACED LORDS AUTOMATIVE Pvt Ltd swiftly launched two EV models through focused engineering and research. The LORDS Prime supports 275 kilograms, while the LORDS Stylon handles up to 200 kilograms, both benefitting from extensive R&D that has enhanced features like fast charging, range efficiency, and GPS integration. They also prioritized autonomous driving systems, advanced batteries, charging infrastructure, and supply chain efficiency. Despite facing the COVID-19 lockdown shortly after its inception, their entrepreneurial spirit drove them forward. LORDS AUTOMATIVE champions indigenous, affordable products, offering a wide range that meets national demand with durability, style, and rapid charging capabilities, all while ensuring strict adherence to government standards in India. FUTURE GOALS AND STRATEGIES LORDS AUTOMATIVE Pvt Ltd plans to expand its dealer network to 500 outlets, seeking entrepreneurial partnerships for national growth. They aim for a global presence by co-developing products and sharing expertise. With a vision of ubiquitous electric vehicles nationwide, having sold over 30000 vehicles through 300+ dealers across 22 states, their mission remains to deliver high-quality EVs. As CEO, future focuses include expanding product lines, enhancing R&D, global market entry, advancing charging infrastructure, sustainable practices, strategic partnerships, customer experience, policy advocacy, talent development, and financial sustainability to drive innovation and sustainability in transportation. HOW DO THEY ENCOURAGE PEOPLE WORKING IN THEIR ORGANIZATION? LORDS AUTOMATIVE Pvt Ltd is dedicated to enforcing equal opportunity in all recruitment phases, ensuring fair consideration without regard to gender, marital status, ethnicity, religion, age, or other factors. They prioritize fostering a healthy work-life balance, supporting employees in balancing career and personal pursuits effectively. 2024 RESOLUTIONS LORDS AUTOMATIVE Pvt Ltd plans to expand its dealer network to 500 dealers, seeking entrepreneurial partners for long-term growth. They aim to go global by sharing expertise and co-developing products for international markets. With over 30000 vehicles sold across 22 states through 300+ dealers, LORDS AUTOMATIVE is making strides towards their goal of having electric vehicles ubiquitous across the country. They are particularly popular among SMEs for daily commuting needs. Their mission is to consistently produce high-quality electric 2- wheelers and 3-wheelers that provide a delightful experience for customers nationwide. ADVICE TO READERS In the electric vehicle (EV) industry, leadership and sustainability require embracing innovation, continuous learning, and a Building strong experience, and leading with integrity are essential. Adaptability, resilience, and smart financial management ensure long-term success while investing in talent and contributing to the community reinforcing ethical leadership and driving innovation. These principles collectively foster sustainable business practices and meaningful contributions to society. focus on environmental responsibility. partnerships, prioritizing customer August 24 | Entrepreneur One | 35
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