Business Economy 19 Sep 2019 Technology is the wa ...

Technology is the way for companies who want to sustain in competitive market

Published Sep 19, 2019, 9:20 am IST
Updated Sep 19, 2019, 9:20 am IST
global economy is expected to grow at 3.2 pc in 2019 due to headwinds such as weak trade prospects, slow investments.
In the present situation when the world is talking about an economic slowdown, a report by KPMG in India showed us a different side of the coin
 In the present situation when the world is talking about an economic slowdown, a report by KPMG in India showed us a different side of the coin

In the present situation when the world is talking about an economic slowdown, a report by KPMG in India showed us a different side of the coin. The report emphasized the key facets of six themes that are expected to propel India’s growth story.

These sectors are important to fulfill PM Modi’s ambitious dream of achieving a USD 5 trillion economy for India by the end of 2025, these sectors include infrastructure, manufacturing, MSMEs and the start-up ecosystem, business-friendly policies, social uplift and taxation – across agriculture, healthcare, energy, financial services, tourism, and education.


Despite the global uncertainties, the firm remains optimistic for the medium to long-term outlook for India, mainly driven by political stability, investment in infrastructure and intent of the government for reform. Many old companies and new rising start-ups have adopted technology as their core component and are now trying to provide end-to-end solutions to their target consumers.

Shubh Loans: Shubh Loans is a vernacular app that is helping a growing number of salaried employees (starting from 12,000) in getting a loan of up to 5 Lacs with a long term (up to 4 years) EMI tenure. The smart credit model deviates from the traditional model (where the individual's repayment capacity is the sole criteria) and replaces it with the Shubh Loans credit model (which analyzes repayment capacity of and intention-to-pay by the individual). In 2018, Shubh Loans raised USD 4.2 million as Series A led by venture capital firm Saama Capital with the participation of pre-series A investors—SRI Capital, Beenext and Pravega Ventures.

72 Networks:  72 Networks is a PAN India distribution house specializing in Last-Mile Delivery with special focus on Rural Areas is opening up new options for OEM’s now. They act as a rural e-commerce enabler connecting microfinance institutes (MFIs, Lending Companies) etc, and OEMs like Samsung, Xiaomi etc, to reach out to get customers from rural India - Tier 2, Tier 3, Tier 4. Few of their happy MFC Clients are BHARAT Financial Inclusion Ltd, Fullerton India, Fusion Microfinance, Satin, Arohan etc and few of there OEM partners are Samsung, Motorola, MI, Nokia, Godrej etc. 

Till date, they have made about 1,32,000 individual rural deliveries since inception across the country and have closed the FY 2018-19 with a positive top line of Rs 70 crores. They are excited to get into the next growth phase of their business which is to use technology - primarily AI as a tool to drive the business thereby achieve higher profitability and reach 300 crores of business in FY 2019-20

POKERDANGAL: POKERDANGAL is a flagship product of Xeta Networks Pvt Ltd involved in online gaming. Their tagline is 'Where Skills Meet Fortune' and their endeavor is to redefine Poker in India. On you can play a variety of exciting tournaments and cash games in a safe game playing environment. Their guiding principle is to develop the online gaming industry in India ensuring a safe, reliable and fun ecosystem for its players.

C1 India: C1 India is a leader in e-Procurement Solutions and Services. As a trusted & preferred partner focused on building tomorrow’s enterprise, C1 India empowers clients across industries to automate the manual procurement process through technological expertise, deep process knowledge, and innovation. With their diverse portfolio of products, they are the pioneers in providing e-procurement services. Their first big opportunity came in 2002 when the government of Andhra Pradesh chose C1 India to set up an e-marketplace for it. The project went on to win the Golden Icon award for ‘Exemplary Implementation of e-Governance Initiative’. 

The iconic project won some other prestigious awards as well including PC Quest’s ‘Best IT Implementation’ award in 2005, NASSCOM India IT User Award 2006 – Enterprise Value under government category, ‘United Nations Public Service Award’ in 2007 and Harvard University’s ‘Ash Institute’ award for the most innovative program in 2007. In 2012, C1 India’s project for the Sultanate of Oman won the “Best e-Governance implementation” among GCC countries.

C1 India’s project with CCL was awarded the ‘e-India Award for excellence in e-Procurement’ in 2013. Today, C1 India has climbed up the ladder of success, serving more than 10 industries with transactions worth 25,00,000 m+. The company now has a growing global presence with more than 200+ employees. We have a pan India presence along with global offices in Oman and Dubai.  

HireXP: HireXP is a leading recruitment software company that empowers organizations to hire the right candidates in the right roles, every single time.
In order to attract the right kind of talent, companies must re-evaluate the recruiting approaches that they have relied on for the past several decades. In today’s times, winning the war for talent requires more innovative recruitment strategies and tools that meet candidates where they are and offer great experience at all critical touchpoints.

HireXP helps to manage the entire recruitment process end to end and offers visibility at each step. Starting from creating a new job requisition to sharing the job on social media channels, to sourcing the right candidates, to managing the interview process, to capturing real-time feedback, to releasing the offers, to engaging the offered candidates and finally managing the on-boarding process- HireXP streamlines the entire hiring process and offers you actionable insights at each step of the way.