Meesho, an e-commerce unicorn located in Bengaluru, has introduced a state-of-the-art multilingual voice bot driven by generative AI with the goal of transforming customer support. The speech bot is intended to offer scalable, human-like assistance, particularly to customers in tier II towns in India.
In order to meet the demands of Meesho’s primary audience, the bot is optimised for noisy situations and low-end smartphones, and it presently supports Hindi and English.
Features of GenAI
By differentiating between genuine interruptions and informal affirmations like “yes,” “ji,” or “okay,” it has an interruption-handling feature that guarantees smooth communication. The business claims that this innovation has resulted in a 10% increase in customer satisfaction (CSAT) ratings. The average handling time (AHT) for requests has been cut in half by the bot, which handles 60,000 client contacts every day with a 95% resolution rate.
Compared to human-operated calls, these efficiency improvements have resulted in a 75% reduction in per-call expenses, with additional cost savings expected. Meesho has promised that there won’t be any layoffs in spite of the automation, emphasising its efforts to upskill staff for more difficult jobs. To deliver quick, precise, and culturally appropriate responses, Meesho’s voice bot makes use of state-of-the-art technologies including natural language processing (NLP), automatic speech recognition (ASR), text-to-speech (TTS), and large language models (LLM).
Strategies for Growth and Innovation
In further updates, Meesho plans to incorporate emotion detection skills and add six more regional languages to the bot’s linguistic support. Additionally, the business intends to expand the bot’s capabilities from less than 50% of post-order queries to all of them within a year. Sanjeev Barnwal, Meesho’s co-founder and chief technology officer, stated, “Our commitment to industry-first innovations is demonstrated by our Gen AI-powered voice bot.”
The voice bot was created with India’s diverse multilingual landscape in mind. It uses large language models (LLM), advanced Gen AI, and state-of-the-art natural language processing to enable users to converse in their preferred language with ease, promoting unmatched accessibility and inclusivity. One of its most notable features is its human-like interaction, which facilitates conversation, fosters trust, and provides help that is relatable and feels natural. This strategy not only improves the user experience but also firmly establishes Meesho as a leader in technology, offering effective, user-friendly solutions that satisfy our users’ varied needs, according to Barnwal.
According to the company’s official statement, the speech bot increases customer satisfaction and reliability by guaranteeing accurate and consistent service with strict adherence to standard operating procedures (SOPs). This presents it as a seamless, round-the-clock customer service solution.
Ola Electric introduced a new range of affordable e-scooters, with prices starting at less than INR 40,000, in light of the prediction that India’s gig economy will double in size and employ over 10 million people in the upcoming years. The market reacted favourably, as Ola Electric’s stock increased 5.67% and ended the day at INR 73.47 on the BSE.
The Ola Gig, which costs INR 39,999 and is intended for gig workers who travel lesser distances, is part of the new line. With a starting price of INR 59,999, the S1 Z series provides a cost-effective substitute for the original S1 model.
Bhavish Aggarwal, the CEO of Ola Electric, wrote on X that the S1 Z is identical to the S1 but more reasonably priced. In a different post, he predicted that India’s gig economy would double in size in the next years, employing over 10 million people. Regrettably, these employees are compelled to operate products of inferior quality at a significantly elevated cost.
Coming up With Four New Variants
The four new models—Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+—are designed to cater to a variety of use cases, including small business owners, gig workers, and urban commuters. The Ola Gig and Gig+ will start deliveries in April 2025, and the Ola S1 Z and S1 Z+ will follow in May 2025. These models are available for reservations, with prices starting at INR 499.
“The pricing is very competitive—50-60% lower than other market options—reflecting the company’s expectation of a twofold surge in demand,” said Kripa Ananthan, head of design at Ola Electric. According to Ananthan, Ola Electric anticipates that the gig worker market will grow quickly, tripling from the present 5 million to 10 million in the upcoming years. Aggarwal reaffirmed in another X post that Ola Cabs and Ola Electric will collaborate to expand the use of these new products.
Competitiveness and Characteristics
Current models like Yulu’s electric scooter Wynn, which costs INR 59,999 and has a top speed of 25 kmph and a range of 70 km, Kinetic Green’s Zing Big B, which costs INR 75,990 and has a similar top speed of 25 kmph and a range of 100 km, and Okinawa’s R30, which costs INR 61,998 and has a top speed of 25 kmph and a range of 60 km, will compete with Ola’s Gig scooters.
A detachable 1.5 kWh battery powers the Ola Gig, a scooter with an IDC-certified range of 112 km and a top speed of 25 kmph. The Ola Gig+, which costs INR 49,999, has a detachable single or twin battery arrangement, an IDC-certified range of 81 km (157 km with dual batteries), and a top speed of 45 kmph for customers who need more range and cargo capacity.
Both models, which will be offered in retail and battery-as-a-service, are made with fleet operators and gig economy workers in mind. The Ola S1 Z, which costs INR 59,999, is aimed towards elders, students, and urban commuters. With a range of up to 146 kilometres, it has two 1.5 kWh detachable batteries. At INR 64,999, the Ola S1 Z+ is intended for light commercial customers and small business owners. Its performance specifications, including the detachable battery mechanism, are identical to those of the S1 Z.
The fintech giant has reportedly chosen five investment banks to serve as advisors for its $1 billion (about INR 8,424.7 crore) initial public offering (IPO), months after it was revealed that Pine Labs has been considering going public. According to a media report, which cited people familiar with the situation, Pine Labs has selected Axis Capital, Morgan Stanley, Citigroup, JP Morgan, and Jefferies to manage its initial public offering (IPO) mandate, which is scheduled to launch in the first half of FY26.
According to the report, as part of the pre-IPO investment, a secondary offer worth $100 million (about INR 842.5 crore) will be made possible, allowing share transfers between new venture capital companies and current investors. The company is expected to seek a valuation of over $6 billion for the initial public offering (IPO), according to reports that first surfaced in June about its plans to go public.
Business Dynamics of Pine Labs
Founded in 1998 by Lokvir Kapoor, Rajul Garg, and Tarun Upadhyay, Pine Labs offers a variety of payment solutions to businesses, such as point-of-sale devices and payment systems. Additionally, it provides businesses with cashback, rewards, and pay-later options. Investors including Peak XV Partners, Actis Capital, Temasek, PayPal, Mastercard, Alpha Wave Global, Chimaera Capital, and State Bank of India have contributed a total of around $1.6 billion to the fintech company’s investment to date.
In August, Pine Labs obtained the first set of licences from the National Company Law Tribunal (NCLT) to combine its Singapore business with its Indian subsidiary, one of several steps the fintech startup took to move its headquarters to India.
IPO Scenario in India
Aforementioned development occurs at a time when at least ten companies are making their debut this year, and entrepreneurs from a variety of industries are eager to get on the exchanges. In the meantime, a long line of startups is expected to go public next year.
Axis Capital, Morgan Stanley, JP Morgan, Citigroup, and Bank of America are among the five banks that have joined SoftBank-backed B2B marketplace OfBusiness for its $1 billion initial public offering (IPO), which is anticipated to take place next year. About two weeks ago, the manufacturer of smartwatches and audio goods, boAt, hired ICICI Securities, Goldman Sachs, and Nomura as bankers for its $300–500 million initial public offering (IPO) that will take place next year.
With initial public offerings (IPOs) emerging as a crucial means of obtaining funding, the Indian startup scene is undergoing a significant transformation. For the second time in history, mainboard initial public offerings (IPOs) have raised more than INR 1 lakh crore in 2024. Over INR 1.03 lakh billion has been raised through 70 initial public offerings (IPOs) this year, the most since 2007. In contrast, 63 firms raised more than INR 1.19 lakh crore through IPOs in 2021, compared to 100 IPOs that were launched in 2007 and raised INR 34,179 crore.
Under the direction of NITI Aayog, the Union Cabinet, presided over by Prime Minister Narendra Modi, has authorised the continuation of its flagship programme, the Atal Innovation Mission (AIM), with an expanded scope of work and a budget of INR 2,750 crore for the period ending March 31, 2028. India’s existing thriving innovation and entrepreneurship ecosystem is to be strengthened, deepened, and expanded through AIM 2.0, a step towards Viksit Bharat.
The government’s dedication to developing a strong innovation and entrepreneurial environment in India is demonstrated by the clearance. The upcoming Atal Innovation Mission (AIM 2.0) phase is anticipated to further boost India’s global competitiveness, as the country is home to the third-largest start-up ecosystem in the world and ranks 39th on the Global Innovation Index. AIM’s continued existence will directly support the development of better jobs, cutting-edge goods, and high-impact services across a variety of industries.
AIM 2.0 Marking Qualitative Shift in the Mission’s Approach
AIM 2.0 represents a qualitative change in the mission’s strategy while expanding on the achievements of AIM 1.0, such as Atal Tinkering Labs (ATL) and Atal Incubation Centres (AIC). AIM 2.0 entails piloting new initiatives intended to close gaps in the ecosystem and scaling successes through the federal and state governments, industry, academia, and community, in contrast to AIM 1.0, which involved implementing programmes that created new innovation infrastructure to strengthen India’s then-nascent ecosystem.
India’s innovation and entrepreneurship ecosystem will be strengthened by AIM 2.0 in three ways: (a) increasing input (meaning more innovators and entrepreneurs will be welcomed), (b) increasing the success rate or “throughput” (meaning more startups will be helped to succeed), and (c) improving the quality of “output” (meaning better jobs, goods, and services will be produced).
Strengthening the Ecosystem
The Language Inclusive Program of Innovation (LIPI) aims to reduce the barriers to entry for innovators, entrepreneurs, and investors who do not speak English by creating innovation and entrepreneurship ecosystems in India’s 22 scheduled languages. Existing incubators will host 30 Vernacular Innovation Centres.
For the innovation and entrepreneurial ecosystems of Jammu and Kashmir (J&K), Ladakh, the Northeastern states (NE), and Aspirational Districts and Blocks—where 15% of India’s population resides—the Frontier Program will develop tailored templates. In order to develop templates, 2500 new ATLs will be made.
A system for developing professionals (managers, educators, and trainers) to establish, run, and preserve India’s innovation and entrepreneurial ecosystem is being developed under the Human Capital Development Program. 5500 of these professionals will be produced by the pilot.
The Deeptech Reactor will provide a research sandbox to test strategies for bringing research-based deep tech firms to market, which will take a lot more time and money. There will be at least one Deeptech reactor piloted.
By concentrating on their areas of strength, the State Innovation Mission (SIM) helps states and UTs develop a robust ecosystem for innovation and entrepreneurship. The State Support Mission of NITI Aayog will include SIM.
India’s innovation and entrepreneurship ecosystem will expand globally through the International Innovation Collaborations program. The United Nations’ World Intellectual Property Organisation (WIPO) has identified four areas of intervention: (a) an annual global Tinkering Olympiad; (b) the establishment of ten bilateral and multilateral engagements with advanced nations; (c) serving as a knowledge partner and assisting the WIPO in disseminating AIM’s models and programs (ATL, AIC) to the global south; and (d) serving as the anchor for India’s Startup20 Engagement Group of the G20.
According to reports, Foxconn, a Taiwanese electronics giant, is in talks with the Tamil Nadu government about growing its battery manufacturing operations in India. The Tennessee government has approached Foxconn, the largest contract manufacturer in the US, about 200 acres of property for the company’s proposed battery energy storage system (BESS) unit, according to media reports. Energy from both renewable and nonrenewable sources is typically locked and stored in batteries via a battery energy storage system.
Talks are in Final Stage
According to the reports, Foxconn has not yet made a decision, but the negotiations are nearing a close, and the business is probably going to move on with the project at the designated property in Tamil Nadu, as chairman Young Liu stated during his visit to India. During his August trip to India, Liu allegedly disclosed the Taiwanese electronics manufacturer’s intentions to establish a BESS facility there. With the first facility already established in Taiwan, the firm is aiming to increase its market share in the electric vehicle sector.
It is important to remember that the Tennessee unit would be the second BESS unit in the world after the talks and state government clearance. According to the sources, Foxconn has also received an incentive package from the Tamil Nadu government.
Manalur in Tiruvallur District Most Likely to Become Manufacturing Plant’s Destination
The state also provided Foxconn property in the Tiruvallur district, close to Manalur. According to sources, the union government was preparing to issue tenders for the establishment of 10 gigawatts (GW) of battery energy storage projects in order to bolster India’s standing in the energy storage market. This news comes shortly after that. Foxconn was also thinking about investing about $1 billion (INR 8,354 cr) to establish a smartphone display module assembly plant in TN, which would be the company’s first facility of that kind in India.
About Foxconn
The largest electronics firm in the world, Hon Hai Technology Group (Foxconn), was founded in Taiwan in 1974. As the top supplier of technical solutions, Foxconn consistently uses its knowledge of hardware and software to combine cutting-edge technology with its distinctive manufacturing techniques. The Group’s long-term growth strategy and its four main product pillars—Smart Consumer Electronics, Cloud and Networking, Computing Products and Components, and Others—are fuelled by the three technologies it has expanded into: artificial intelligence (AI), semiconductors, and new-generation communications technology. It has also expanded its capabilities into the development of electric vehicles, digital health, and robotics.
Hon Hai’s yearly income in 2023 was USD 198 billion. The company has set up manufacturing and research and development facilities in a number of international markets, including the United States, China, India, Japan, Vietnam, Malaysia, and the Czech Republic. The corporation has more than 57,729 patents and focuses on research and development.
The Adani group is an Indian multinational conglomerate with a revenue of about $37 billion from FY2024. The company is headquartered in Ahmedabad, Gujarat, India. Adani is a leading global integrated infrastructure player that includes diverse businesses like coal trading, coal mining, ports, power generation, multi-model logistics, renewables, gas distribution, and transmission. The Adani has always been known for its growth and vision for building the nation.
It is the largest port developer and operator in India with Mundra being the country’s largest commercial port. Having multiple ports, branches, manufacturing units, and corporate offices at various locations, Adani Group is one of the largest business units. In all this business group has around 36,000 plus employees with more than 900 third-party contractors involved in incorporating various work orders across 25 plus business units.
In April 2014, it added the fourth unit of 660 megawatts at its Tiroda Thermal Power Station, making Adani Power India’s largest power producer. In 2015, Adani was ranked India’s most trusted infrastructure brand by The Brand Trust Report 2015. The group operates mines in India, Australia, and Indonesia and supplies coal to Bangladesh, China, and other countries in Southeast Asia. In January 2018, Adani Ports and SEZ Limited added equipment and machinery to become the largest dredger fleet in India.
Adani Enterprises Limited is run by Gautam Adani, the enterprise handles the mining, trading, gas distribution, solar, and agribusiness divisions of the Group. This company also owns a subsidiary called Adani Gas which is a wholly owned subsidiary that executes the gas distribution business. Its real estate activities are managed by Adani Infrastructure and Developers Private Limited. The current incubation portfolio includes Mining Services, Integrated Coal Management, Road, Rail, Airports, Data centers, and Defense.
Adani Ports and SEZ Limited
Adani Ports and Logistics Logo
Adani Ports and Special Economic Zone Limited (APSEZ) is the largest private port company and special economic zone in India. The Company is headed by Karan Adani, CEO of APSEZ. The operations of the company are Logistics and Port management and operates ports Dahej, Mundra, Hazira, Dhamra, Kattupalli, and Vizhinjam.
Along with that, the Adani Group manages terminals at the ports of Mormugao, Ennore, Vishakhapatnam, and Kandla. The logistics were initially promoted by the Mundra Port Infrastructure Development Company Limited, as an enterprise of the Government of Gujarat and Adani Port Limited.
Adani Power Limited
Adani Power – Adani Group of Companies List
The company is run by Gautam Adani, Rajesh S. Adani. The company develops and maintains power projects in India. The firm has a combined installed capacity for developing and maintaining power projects across India. The company runs the following subsidiaries of 10440 MN with four thermal power projects across India.
The following subsidiaries are Adani Power Maharashtra Limited and Adani Power Limited. In 2014 Adani Power Ltd’s thermal power plant at Mundra in Gujarat is the world’s first coal-fired plant to receive carbon credit from the United Nations Framework Convention on climate change.
Revenue of Adani Power Limited from FY 2016 to FY 2024
Adani Transmission Limited
Adani Transmission
Integrated in 2013, Adani Transmission Limited handles the commissioning, operations, and maintenance of the electric power transmission system. The holding company holds operations and maintains 8511 circuit kilometers of transmission lines that range from 400 to 765 kilovolts.
The company has the following subsidiaries; Maharashtra Eastern Grid Power Transmission Company Limited, Maru Transmission Services Service Company Limited, Hadoti Power Transmission Limited Service Limited, Raipur Rajnandgaon Warora Transmission Limited, Sipat Transmission Limited, and Chhattisgarh WR Transmission Limited.
Adani Green Energy Limited
The process of creating the world’s largest single-location solar power plant
Largest listed pure-play renewable power producer in India with a portfolio of solar and wind assets of 2545 MW operational capacity. It is the largest listed renewable company in India and aims to scale up its infrastructure to produce 18 GW by 2025 and 25 GW by 2030.
Adani Gas Limited
It is India’s largest city gas distribution company mainly serving Industrial and Residential customers in Gujarat.
Adani Wilmar Limited
Adani Wilmar
Adani Wilmar Limited (AWL) is an Indian food and beverage company based in Ahmedabad. It started in 1999 as a joint venture between Adani Enterprises and Wilmar International. AWL is the largest palm oil processor in India. As of September 2024, it has 23 plants in 10 states across India and exports its products to the Middle East, Africa, and Southeast Asia.
The Adani Group has multiple business units and ports at various locations. Managing employees’ attendance and timing from a central place is critical for them. Due to diversified businesses, they have different time attendance policies at different locations. It is very challenging to capture the time-attendance rules of an organization. This is because of the diversity in timing, attendance, and leave policies concerning various locations, departments, and people.
Along with automated time attendance solutions, they want to control access at their premises for safety and security concerns. For certain exceptional situations, they need immediate notifications via SMS. As remote sites are there, they want different connectivity options for devices. The integration of SAP is required which is one of the challenges. By introducing an automatic system, the company wants to make manual interventions to reduce errors and fraud.
Gautam Adani was charged in New York for his involvement in an alleged bribery and fraud scheme worth billions of dollars, according to US prosecutors on November 20, 2024, and because of this Adani Group faced a loss of $55 billion.
In 2023, Adani’s businesses lost $150 billion in market value after a report by short-seller Hindenburg Research accused the group of major corporate fraud. The report claimed that Adani Group had been involved in stock manipulation and accounting fraud for many years.
Managing numerous workers’ attendance.
Eliminate fraudulent and inaccurate payment of wages at contractors’ end.
Monitoring each work order status determining its progress and segregating them.
Verifying the number of workers allotted to each task under a contractor against the respective contractors’ report.
Capturing accurate and diverse time attendance data of all workers.
Generating customized reports to make swift decisions and timely and error-free payroll processing.
Allotting workers to each work order based on the requirements and skills of the workers.
Ensuring approved and proper induction of each worker at a defined level.
Amit Jain is the Chief Executive Officer (CEO) and Co-founder of GirnarSoft, an IT externalizing company that launched CarDekho in 2008. The CarDekho website and mobile application help its users buy the right vehicle they are looking for. The reliable reviews of experts help the users differentiate and compare the vehicles to buy the most preferable one. The comparisons are done through detailed information, pictures, and videos of the brands and models available in India.
Amit Jain CarDekho’s co-founder is soon going to be seen judging the popular show, Shark Tank India along with other sharks. Discover more about Amit Jain’s net worth, personal and professional life, education, and more.
Amit Jain, the Cardekho owner was born and brought up in India. He completed his academics in Jaipur and Delhi. His mother, Nilma Jain is a homemaker and his father, the Late Mr. Prashant Jain was an ex-RBI officer and also a gemstone businessman. Amit has a younger brother, Anurag Jain who is the co-founder and COO of CarDekho Group. Amit’s wife, Pihu Jain is the Head of Girnar Foundation. Amit Jain has twin sons.
Amit Jain – Education
Amit Jain, CarDekho’s CEO did his schooling at Saint Xavier’s School, Jaipur. After finishing school, Amit studied science and passed the Engineering Entrance Exam. He then got into IIT Delhi.
Amit Jain – Professional Life
In the year 1999–2000, Amit worked as a Software Engineer at Tata Consultancy Services. After that, he worked as a Senior Associate, Delivery Manager, and Product Manager at Trilogy for about 6 years and 11 months. In 2007, Amit co-founded GirnarSoft, the IT firm, along with his brother Anurag Jain, with the dream of starting a business from their hometown. Later, in 2008, Amit and Anurag both co-founded CarDekho.com, the flagship portal of GirnarSoft.
He established a company named GirnarSoft with his brother in 2007, which launched CarDekho in 2008. He is the CEO of the company and Co-Founder along with his brother. He aimed to build an online platform that would drive traffic from Google and appear at the top. Amit and his brother dreamed of establishing a million-dollar company through an IT-based firm. His efforts paid off with fruitful results. Their online venture, CarDekho, eventually gained huge gross profits.
Millions of people visited the website and returned to learn about the reviews and features of various cars. Amit understood that this was going to work, and the brothers invested more employees and time in the CarDekho online venture. Buying a car is, for sure, an important decision for a middle-class family, they need to have proper guidance. CarDekho proves to be the best online platform that the common man needs.
Amit Jain – Shark Tank India
Amit Jain – Shark Tank India
Shark Tank India Season One turned out to be a great success for numerous startups as well as the sharks. Amit Jain replaced the first season’s most prominent shark, Ashneer Grover in the second season of Shark Tank India.
Amit was super thrilled to be a part of the show. While expressing his excitement, he wrote on his LinkedIn, “Looking forward to mentoring budding entrepreneurs on the show to build a new India.”
Being a judge on one of the most popular shows among Indian audiences has undoubtedly added to Amit’s success.
Amit and his brother started with a small garage at their home. They dreamed of establishing an IT outsourcing firm, and soon a team of 20 people started working for them. The first year of the company proved to be profitable, and eventually, they could buy a place for an office. But in 2009, the company went bankrupt when the stock market crashed. At that time, the company had about 70–80 employees, and they didn’t even have money to pay their salaries. Amit didn’t know how he would manage the office expenses, salaries, etc. Without losing hope, he learned that it is very important to use corporate money with sanctity.
With a pre-established company, both the brothers started thinking of an online venture CarDekho. However, they were still in a dilemma of paying employees of their team. Still, they made CarDekho live in just two weeks. The idea of launching CarDekho came when they attended the Auto-Expo in Delhi. After doing the necessary calculations, they got to know that they could recover their loss through this online venture. The turning point came when they took CarDekho as an official flagship project.
Very few people think of initiating their business from their home town. Also, there are a few examples of people who have really started their ventures from their hometown and accomplished them gradually. Amit Jain is undoubtedly among those examples, who has not only established his firm but also brought huge success and fame to his name and hometown.
Amit Jain – CarDekho
Not a single penny was spent on marketing CarDekho, still, it achieved more popularity than any other application software launched by GirnarSoft. It has now become India’s number one Autotech portal and Rajasthan’s first unicorn startup. The company boasts having more than 35 million monthly unique users, 6000+ monthly used car sales, and 3000+ new cars sold monthly.
In 2013, the company got weighty funding from an American-based company, Sequoia Capital. It significantly attracted many companies for advertising because of the spectacular online presence of CarDekho. Later, it also acquired Gaddi.com in 2014 and Zigwheels in 2015. Without any doubt, CarDekho played a vital role in lifting the name of the parent company GirnarSoft. CarDekho became a unicorn startup in India after raising $250 million in its Series E funding round in October 2021, bringing its valuation to $1.2 billion.
CarDekho is planning to launch an IPO in 2025 and is talking to investment banks about it. The company aims to raise INR 3,000 crore to INR 4,000 crore. The bankers for the IPO will be chosen soon, according to a source. With an estimated worth of $2 billion to $2.5 billion, the IPO would almost double its prior valuation.
CarDekho Group Acquisitions Under Amit Jain’s Leadership
Year
Acquisition
2014
Gaadi
2015
ZigWheels
2018
PowerDrift
2019
Carmudi Phillipines
2023
Revv
After completing 11 terrific years of CarDekho, Amit Jain CarDekho owner disclosed the new Logo in February 2019. The snazzy new logo manifests the automated settings of the app. Like, whenever a new car comes on the market, an old and new comparison tool is designed to clear things up. Both the brothers acceded for aLogo especially designed on the pockets of their white shirts, be it old or new.
The basic aim of CarDekho was to provide data on different cars so that people may understand the features offered in a car. Comparison, reviews, and feedback are something that makes a product reliable and give satisfaction to the customer.
Amit Jain – GirnarSoft
Parent Company of CarDekho – GirnarSoft
GirnarSoft is a company providing business value-based IT solutions and services. Amit founded the company along with his brother in 2007. It is the parent organization of CarDekho and is headquartered in Jaipur, Rajasthan. The company offers a variety of services like mobile application development, Automotive, Outsourcing IT solutions, custom software development, etc. It operates automotive portals and marketplaces like PriceDekho, BikeDekho, InsuranceDekho,OTO.com, and various other portals around the world.
A philanthropist is a term related to a person who is capable of helping the needy with the resources they have, especially money. Philanthropists help needy people create a better world and, so to say, improve the economy of a country. The constant effort to promote human welfare makes a person an actual philanthropist.
India is a country that has umpteen slums in every city. People living in such slums are so poor and needy that our industrialists and rich heads come forward to help them during their hard times. In the recent times, these philanthropists donated as much as they could. Here is the top philanthropists’ list in India:
Shiv Nadar, the founder of a multi-billion company (HCL Technologies) donates a huge amount of his earnings through the foundation named after him, Shiv Nadar Foundation. The foundation’s focus is empowering individuals through education to bridge the socio-economic divide.
He is widely regarded as the biggest philanthropist in India and believes that every person should be well educated thus has the aim to establish institutions and schools in the underdeveloped and rural areas of our country. Some of his famous institutions are the SSN Institution, VidyaGyan & Kiran Nadar Museum of Art. Shiv Nadar donated 5% more than FY2023 with a total of INR 2153 crores making him the top philanthropist in India for 2024.
Mukesh Ambani and Family
Name
Mukesh Ambani
Company
Reliance Industries
Donation
INR 407 Crores
Primary Cause
Healthcare
Mukesh Ambani – Famous Philanthropist in India
Mukesh Ambani, one of the richest people in the world is also a big philanthropist who founded the Reliance Foundation, a non-profit organization in 2010. This Foundation‘s objective is to promote sustainable growth in India.
The Reliance Foundation is run by Mrs. Nita Ambani who has a focus on rural transformation, health, education, and sports for development. Every year the foundation donates an amount of approximately INR 407 crores to such programs and NGOs. Mukesh Ambani and his family are second in the top 10 philanthropists of India for 2024.
The Bajaj family, Indian philanthropists, has made notable contributions and has been actively involved in philanthropic activities in the country where they have established their business. Their charitable endeavors have demonstrated a commitment to giving back to society and have had a significant impact on the communities they serve.
Their contribution of INR 352 crore to the cause is a testament to their unwavering commitment to charity and social welfare. This achievement marks their first appearance on the prestigious list since its inception and highlights their dedication to making a tangible impact through their acts of kindness. Bajaj Family is the third in the top 10 philanthropists of India for 2024.
Kumar Mangalam Birla and Family
Name
Kumar Mangalam Birla
Company
Aditya Birla
Donation
INR 334 Crores
Primary Cause
Education
Kumar Mangalam – Famous Philanthropist in India
The chairman of Aditya Birla Group, Kumar Mangalam Birla donated a huge amount of his profits to the PM CARES FUND and helped actively people during the COVID-19 pandemic times to do the needful.
His focus is on the poor who don’t have enough financial resources to pay their hospital bills and get proper treatment. He frequently visits the Aditya Birla Memorial Hospital to check up on its welfare and services. He is one of the top philanthropists in India for 2024.
Gautam Adani
Name
Gautam Adani
Company
Adani Group
Donation
INR 330 Crores
Primary Cause
Education
Gautam Adani – Famous Philanthropist in India
Gautam Adani is a true entrepreneur in every sense. He has businesses in almost every sector. He believes a lot in helping and is always donating finances through the Adani Foundation to the needful.
Adani Foundation is based on the Gandhian Philosophy of Trusteeship. The main motive is to facilitate quality education, enable youth with skills, and promote society through infrastructural development. He also donated an amount of INR 88 Crores during the COVID-19 period to the PM Cares Fund. With a donation of INR 330 crore, Gautam Adani is the 5th in the top 10 philanthropists in India for 2024.
Nandan Nilekani is the co-founder of Infosys. In 1978, he started his career at Infosys, and now he is one of India’s biggest entrepreneurs and a big philanthropist. He and his wife started donating small amounts of their income to poor people, and in 2017, both of them decided to donate 50% of their wealth to an NPO, which is operated by Bill Gates Foundation.
Krishna Chivukula – Famous Philanthropist in India
Krishna Chivukula, chairman of INDO-MIM, has donated INR 228 crore to IIT Madras. This is the largest donation the institute has ever received. The money will be used for fellowships for top BTech students, sports programs, and important research projects. He is now ranked 7th on the list of top donors.
Anil Agarwal
Name
Anil Agarwal
Company
Vedanta
Donation
INR 181 Crores
Primary Cause
Healthcare
Anil Agarwal – Famous Philanthropist in India
Anil Agarwal founded the Vedanta foundation on 15th September 1992, to help in creating more employment for sustainable development. Vedanta Foundation aims to achieve development through programs in the form of initiatives with a broad focus mainly on education, nutrition, and livelihood. He is one of the top philanthropists in India for 2024.
Their main objective is to focus on the school children, to provide them with proper nutrition, training, and knowledge about the digital world, which helps them to grow and grab better job opportunities.
Susmita and Subroto Bagchi
Name
Susmita and Subroto Bagchi
Company
Mindtree
Donation
INR 179 Crores
Primary Cause
Education
Susmita and Subroto Bagchi – Famous Philanthropist in India
Mindtree founder Subroto Bagchi and his wife Susmita are now in the top 10 donors list. They donated INR 179 crore, 63% more than last year. They focus on education and started the Bagchi School of Public Health at Ahmedabad University in 2023.
Rohini Nilekani
Name
Rohini Nilekani
Company
Rohini Nilekani Philanthropies
Donation
INR 154 Crores
Primary Cause
Ecosystem Building
Rohini Nilekani – Famous Philanthropist in India
Rohini Nilekani, a philanthropist in India, has been a beacon of hope for those in need with her consistent and generous donations of INR 15470 crore in 2024. Her unwavering dedication towards philanthropic causes is evident from her pledge to donate half of her wealth to noble works through the ‘Giving Pledge.’ She has been actively involved in various initiatives and programs aimed at uplifting society and making a positive impact on the lives of people. Her philanthropic efforts have touched the lives of many, and she continues to inspire others to follow in her footsteps.
Azim Premji
Name
Azim Premji
Company
Wipro
Donation (FY 2023)
INR 1,774 Crores
Primary Cause
Education
Azim Premji – Famous Philanthropist in India
Mr. Azim Premji is one of the most respected Indian Business tycoons, and also a top Indian philanthropist as he’s been donating his time, money, and experience to the people who are in the utmost need.
Recently, he has donated most of his wealth to all other philanthropists so they can pass on the resources to the right place at the right time. He has a trust named Azim Premji Foundation, which gives grants to non-profit organizations that work for the most vulnerable people in our society by providing them with the essential services required to carry out a healthy life. He is considered one of the most famous philanthropist in India.
Ajay Piramal
Name
Ajay Piramal
Company
Piramal Group
Donation (FY 2023)
INR 200 Crores
Primary Cause
Healthcare, Women’s Empowerment, Education
Ajay Piramal – Famous Philanthropist in India
Ajay Piramal, who owns a business of 460 crores, is a well-known philanthropist and also believes in donating for the good. He started his philanthropic career in 2006 by forming a group named the Piramal Foundation. His main objective was healthcare. As he became a pharmaceutical company he realized the need for a better healthcare system in India.
Presently the foundation works in four areas that are: Healthcare, Education, Better Livelihood, and Youth empowerment. Ajay donates around INR 200 crores every year to India’s needy population and is counted as one of the biggest philanthropist in India.
Shrichand Hinduja – Famous Philanthropist in India
Following the legacy left by his father, Shrichand Hinduja is one of the leading businessmen and a big philanthropist in India. Hinduja Foundation was founded in 1970 with the objective of ending poverty in the country.
The foundation has done various initiatives to identify and enhance the efficiency of water usage in rural areas. They also focus on the healthcare facilities available to remote areas and help in the sustainable development of small villages and towns.
Sudhir Mehta
Name
Sudhir Mehta
Company
Torrent
Donation (FY 2023)
INR 81 Crores
Primary Cause
Community Healthcare, Education, and Knowledge Enhancement
Sudhir Mehta – Famous Philanthropist in India
Sudhir Mehta is a well-known philanthropist in India, owning the Torrent group, which deals in the gas and power business. He donates a lot to the Gujarati community and the Jain people. Sudhir helps the people by giving the poor children a proper source of education and healthy meals to eat. He dreams of achieving a 100% literacy rate in India.
Cyrus and Adar Poonawalla – Famous Philanthropist in India
Cyrus S. Poonawalla and Adar Poonawalla, who represent the Serum Institute of India, have made an outstanding contribution of INR 179 crore to the India Philanthropy List 2023. The Poonawalla brothers have been particularly focused on the healthcare industry, which reflects a remarkable 60% increase in their donations from the previous year.
Their continued support of charitable activities related to the healthcare sector is further illustrated by their additional contribution of $19.08 million from Serum Inc. and Serum Institute Life Science-UK. All these contributions from famous philanthropists are a testament to their unwavering commitment to improving the healthcare sector in India.
The nation requires philanthropists in India who give their best efforts to make the country a better place to live. Such people who are capable of helping others should be appreciated as they are the people who can transform India by filling the gaps that others cannot. The above list of philanthropists in India highlights individuals who have made significant contributions to society through generous donations, particularly in areas like education, healthcare, and research.
FAQs
Who is the greatest philanthropist in India?
Shiv Nadar is considered one of the greatest philanthropists in India, as he has donated around ₹2,153 crores in 2024.
Who is a philanthropist?
A philanthropist is a person who donates his/her time, money, experience, and skills to help create a better world.
What is an example of philanthropy?
An example of philanthropy would be giving money to charity or volunteering.
Who is India’s most charitable person?
Azim Premji, one of India’s most respected business tycoons, is widely regarded as the country’s most charitable person for his extensive philanthropic contributions.
Paytm’s parent company, One 97 Communications Limited (OCL), declared on 25 November that Paytm UPI Lite now offers automatic top-up. In order to ensure smooth small-value transactions without requiring a PIN, the feature will enable users to immediately replenish their UPI Lite balance when it drops below a predetermined level. It is perfect for regular daily payments because it allows payments of up to INR 500 each transaction and has a daily cap of INR 2000.
By doing away with the requirement for a PIN, Paytm UPI Lite simplifies everyday activities like managing subscriptions, paying for transportation, buying groceries, and paying small invoices. Because regular payments are handled via an on-device wallet rather than gaining direct access to the primary bank account, it helps keep bank accounts clear of congestion.
UPI Statement Download Feature
A UPI statement download tool has also been added by the firm, allowing users to view and download comprehensive records of all UPI transactions, including those done through Paytm UPI Lite. According to the firm, the Paytm UPI Lite auto top-up feature is currently available for a limited number of users on Yes Bank and Axis Bank accounts and will shortly be extended to all consumers and the remaining partner banks.
According to a Paytm spokeswoman, the addition of automatic top-up to Paytm UPI Lite speeds up and simplifies daily payments for everything from daily meals and tea to bus, subway, and car rides. It ensures that tiny, regular transactions don’t overtake the main bank statement by keeping it clear of clutter. Users can efficiently track and manage all of their payments with the Paytm app’s comprehensive UPI statement, which also includes Paytm UPI Lite expenditures.
Paytm’s Partners
To facilitate UPI payments, Paytm has worked with institutions such as State Bank of India, HDFC Bank, Axis Bank, and Yes Bank. For peer-to-peer transactions, online and offline payments, self-account transfers, and account balance checks, the platform lets users link their bank accounts and get UPI IDs. It improves the entire payment experience by providing auto-pay, RuPay Credit Card linkage on UPI, and UPI Lite for small-value transactions. According to Paytm, the platform has expanded its reach by enabling international UPI payments in countries including the UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal where UPI is accepted.
By enabling cashless payments for dining or shopping, the international UPI service streamlines spending at well-known locations across the globe. As leaders in mobile payments, Paytm is excited to provide its services to Indian tourists, particularly as the holiday season draws near, a Paytm representative stated. The company’s dedication to empowering users anywhere in the world is demonstrated by this invention.
As India’s need for speedy deliveries increases, the Tata Group’s e-commerce business, Neu, is testing a quick commerce delivery service called Neu Flash. The 15-minute delivery service is currently available in more than 20 Indian cities.
The service has been extended to a number of tier-II cities, while the main markets are big metro areas like Delhi NCR, Mumbai, Bengaluru, Hyderabad, Pune, and Chennai. A carefully chosen range of products will be offered during the first phase of the rollout, which is currently restricted to a few pin codes within these cities.
Offering Wide Range of Products
Neu Flash provides product delivery for anything from groceries and electronics to clothing and cosmetics. The app provides fast delivery in a number of categories, such as food, electronics, clothing, and cosmetics, and is based on Tata’s current digital infrastructure. It makes use of BigBasket‘s pre-existing hyperlocal network, while Tata Cliq handles fashion and lifestyle items and Croma oversees electronics deliveries.
Following its previous difficulties in the superapp category, Tata Digital is attempting to improve Neu’s market position with this growth. The rapid commerce expansion comes after Neu’s platform underwent significant backend enhancements over the previous 12 months, such as a redesigned user interface and improved integration of Tata’s digital assets.
Current Scenario of Quick Commerce Industry in India
According to industry data, the rapid commerce business in India has expanded by 280% in the past two years, and the top three companies, Blinkit, Zepto, and Swiggy Instamart, have combined to generate over $1 billion in revenue for FY24. This occurs as Indian businesses are stepping up their rapid commerce solutions. Amazon India is getting ready to debut its rapid commerce service, Tez, while Myntra recently introduced M-Now for 30-minute- to 2-hour deliveries. The fierce competition in the rapid commerce area is shown by Zepto’s recent $350 million fundraising round, which was led by Motilal Oswal’s Private Wealth division. The company has raised $1.35 billion this year alone to increase the number of its dark stores and diversify its product offerings, demonstrating the significant investments being made by competitors to gain market share in this quickly expanding industry.
E-commerce and other retail formats are being disrupted by quick commerce, which, according to a recent Bernstein analysis, is expanding more quickly than contemporary retail chains like Reliance Retail, Dmart, and Spencer Retail. This is one of the reasons why consumer platforms are responding to the shift by preparing to deliver a variety of goods outside of groceries in 10–20 minutes.
Tata Neu has been urged to exercise caution when spending large sums of money on consumer incentives, so it will be fascinating to see how it handles the fast commerce sector. Meanwhile, the industry leaders have plenty of money and are making every effort to gain market share.
Rinky Moolchandani
