According to a report presented by the Department of Electronics, IT, BT, and S&T, Government of Karnataka, 45 out of India’s 112 unicorns are based in Bengaluru, making it a leader in the startup movement. According to the Bengaluru Innovation Report 2024, the city is known as an innovation hub that encourages revolutionary developments in areas such as AI, biotech, and fintech.
The Bengaluru startup ecosystem is strongly supported by top IT businesses, research institutes, and capital allocators. It’s a place where collaboration and competition are encouraged. As a result, both the economy and technology are booming.
Over 14,000 startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) and over 4,000 active investors in tech startups call Karnataka home. According to Priyank Kharge, who is the minister for the Department of Electronics, IT, BT, Rural Development, and Panchayati Raj in the Karnataka government, the existence of 45 tech unicorns further solidifies the state’s image as a top hub for technology and innovation.
According to him, the state government has launched several programs to help entrepreneurs at different points in their development. Over 980 businesses have been awarded grants of up to INR 50 lakh through the Elevate program, which is an initiative that helps entrepreneurs go from idea to proof of concept. Women business owners and deep tech solutions are two areas that will receive enhanced attention in the coming future.
Initiatives That Are Driving the Growth
To address the wide range of startup funding requirements in the state, two funds have been established: the Beyond Bengaluru Cluster Seed Fund and the Kitven Funds. To support student-run initiatives, the NAIN program has set up around fifty innovation centers in IT institutions outside of Bengaluru. Beyond Bengaluru and the Karnataka Digital Economy Mission are two more important programs that are helping to make the state a center for information technology.
Major software companies like Amazon, Microsoft, Meta, and Google have their research and development centers in Bengaluru, according to Prashanth Prakash, who is a partner at the venture capital firm Accel and the head of the Startup Vision Group for the Government of Karnataka. According to him, businesses like Zerodha, CRED, PhonePe, Flipkart, and Razorpay—all unicorns—have emerged from the city.
Sahil Chopra, AVP, Growth & Marketing, Inflection Point Ventures satated, “A report from 24th July shows that Karnataka’s Department of Information Technology and Biotechnology gave over ₹60 crore to 263 start-ups in 2022 and 2023. The Department of Electronics IT BT, and S&T released the “Bengaluru Innovation Report 2024.” It stated that women ran 24% of these start-ups, and 35% were outside Bengaluru. As stated above, out of the 263 funded start-ups, women entrepreneurs led 47, and 119 came from tier II and III towns in the state. This shows how Karnataka wants to include everyone. These start-ups work on new tech in many up-and-coming fields.”
“This decision of the government to support these startups is praiseworthy and shows a forward-looking approach to growing the economy and advancing technology. The big financial boost proves the government wants to support new ideas and business creation in the state. What stands out is how their focus is on including everyone,” he added further.
Recognizing the Hard Work and Effort
The Government of Karnataka’s Department of Electronics, IT, BT, and S&T also hosted a special ceremony to celebrate the winners of Elevate, their flagship Grant-in-Aid program. During the fiscal years 2023 and 2024, the initiative’s four schemes—Elevate Kalyana Karnataka, Amrita Startups, and Elevate Unnati—supported entrepreneurship and innovation in the Kalyana Karnataka region, OBC entrepreneurs, and startups promoted by SC and ST entrepreneurs, respectively. In addition, the Elevate program helps entrepreneurs in the state who are looking for seed money to create a prototype, plan their entrance into the market, and eventually scale up.
Famous Indian cricketer Shubman Gill and Bollywood actress Preity G. Zinta are now co-founders of the fitness startup DRIVE FITT.
By bringing together the cricket and fitness industries in India, DRIVE FITT asserts itself as the country’s first 24-hour, member-based, world-class gym.
“I am thrilled to introduce DRIVE FITT to the Indian market since it represents a novel combination of fitness and cricket, two interests that both I and many Indians hold in high regard. We aim to build a community where individuals of all ages and physical abilities may meet to exercise, socialise, and promote health. I am thrilled to be bringing this groundbreaking idea to India and am incredibly excited to witness the lives it will change,” Preity G Zinta stated.
Preparing to Inaugurate the Flagship Facility
DRIVE FITT, which is led by two Australian businessmen named Mark Sellar and Deke Smith, boasts that it blends gym amenities with cutting-edge cricket training facilities. These facilities include yoga studios, high-tech bowling machines in the nets, thorough strength, conditioning, and cardio training, and more.
It is anticipated that the startup will open its flagship facility in Gurugram in October and that it will construct its second facility in Noida in November.
Membership Options for Customers
In addition to a daily pass, DRIVE FITT will provide a number of membership choices, such as monthly, quarterly, semiannual, annual, and family memberships. Prices range from approximately INR 1,000 for a day entry to as much as INR 35,000 for an annual membership. Monthly passes start at INR 7,000. One or two children and two adults can join as a family.
The Indian economy, sports, and cultural industries are all poised for major expansion in the near future.
“Mark and I have sensed this during our visits, and we feel fortunate to be part of this burgeoning market,” stated Smith, co-founder and chief executive of the company.
According to Smith, DRIVE FITT is also considering expanding into tier II cities due to their high potential.
“Our research shows that out of 20 cities, 61 spots are perfect for DRIVE FITT. A great deal of unexplored terrain exists, thus this is only the beginning. The locations chosen for DRIVE FITT are highly advantageous, both in terms of location and the financial capability and demand they represent,” said Smith.
One of the world’s fastest-growing markets, the Indian fitness industry is seeing tremendous expansion, with a growth rate of 25-30% each annum. By 2025, the predicted market size will be around $9.5 billion. Cricket’s increased visibility and participation, which accounted for 85% of India’s national expenditure on sports in 2022, further bolsters the potential success of DRIVE FITT.
On Thursday, the financial management platform CRED introduced CRED Money, which provides a unified view of a user’s balances, transactions, and patterns across bank accounts.
According to a statement from the fintech business CRED Money, directed by Kunal Shah, “CRED Money is built on the account aggregator (AA) framework that allows users to securely share their bank account information with authorised vendors. “
Users will receive updates and reminders through the platform, and it will offer to make regular payments directly using CRED UPI, making it easy to manage things like SIPs, EMIs, rent, staff wages, and insurance premiums.
How CRED Money Can Benefit Its Users?
Users can gain insight into their financial habits by searching as a merchant or category and analyzing spending patterns across their bank accounts. Customers may conveniently monitor all of their transactions, including dividends from investments that were forgotten, payment reversals, tax refunds, and more. The new product from CRED makes use of cutting-edge data science to transform raw data into useful insights, letting customers make better financial plans and use their funds more wisely.
Prioritise Customers With High Incomes
Midway through 2022, CRED sought out users with worse credit scores, but these users did not engage with the platform. Beginning in the middle of 2023, the business once again started prioritizing the acquisition of consumers with higher credit scores.
With the launch of their luxury rewards program “Only Fridays,” CRED is putting an emphasis on engaging with premium consumers. This program is open to users who have earned over one million CRED Coins from paying credit card bills.
Customers who have spent a total of one million rupees on CRED have earned one coin for every rupee worth of credit card bills.
Recognizing UPI’s success among wealthy clients, the business is actively pursuing this demographic. CRED has been successful in expanding its UPI share, even though credit cards remain its primary business emphasis.
Players Providing Similar Services
Apps like this one are available from ICICI Bank, Axis Bank, and Fi Money, and they all offer a centralized hub for managing all of their clients’ bank accounts and transactions. Customers do get a consolidated picture when they use a FinTech payment app to pay for subscriptions, insurance, and utility bills.
Despite CRED’s expansion beyond credit card payments to offer wealth management, eCommerce, travel, and automobile products and services in the recent few quarters, a media agency claimed last month that the company’s user growth has stopped at 13 million subscribers over the last 18 months.
In May 2021, Forbes stated that Kylie Jenner is no longer a self-made billionaire. Forbes claims that Kylie inflated the sales figures of Kylie Cosmetics, accusing her team of forging tax returns to boost her net worth and thus revoking her billionaire status. Kylie Jenner sold her company 51% to Coty in a deal valued at $1.2 billion. Her income after-tax estimation was $340 million. After analyzing, Forbes reported that Kylie Jenner is “not a billionaire“.
Forbes previously released the annual World’s Billionaires list and Kylie was the world’s youngest self-made billionaire in 2020, just before CVID-19. Yes, the youngest self-made billionaire, she didn’t inherit her business; she built it herself. Kylie was a billionaire with a net worth of $1 billion. Yet, the Kardashian-Jenner sister’s ‘self-made’ status has attracted a degree of controversy, considering the wealthy, reality TV famed background from which she descends.
Kylie Jenner – Biography
Name
Kylie Jenner
Born
August 10, 1997
Age
Los Angeles, California, United States
Nationality
American
Education
Laurel Springs School (2012–2015), Sierra Canyon School (2012)
Kylie Kristen Jenner was born on August 10, 1997, in Los Angeles, California to parents Kris and former Olympic gold medalist Bruce Jenner. Kylie has an elder sister, Kendall Jenner. Kylie has three half-sisters – Kourtney, Khloé, and Kim Kardashian and half-brothers – Brandon, Brody Jenner and Robert Kardashian. Kylie has been in the news since childhood, thanks to the paparazzi being crazy for her family.
Kylie grew up in the spotlight among her famous siblings in the reality series, Keeping Up With The Kardashians. Jenner attended the private Sierra Canyon School and earned her high school diploma from Lauren Springs High School in California. Additionally, she’s amassed a mega social media following and in 2015 was named one of Time magazine’s Most Influential Teens.
Kylie Jenner – Career
The Kardashians are one of the most widely followed families today when it comes to entertainment. Every member of the Kardashian clan is wildly popular for their controversial and non-controversial antics. For a long time, Kim Kardashian stole the limelight.
Kim was at the fore of her celeb family when it came to coverage in tabloids and magazines. However, the last two or three years have seen another Kardashian member take Kim’s place—Kylie Jenner. She’s harnessed her family’s fame to launch her business ventures including a successful cosmetics line.
Kylie Jenner started her on-screen career in 2007, appearing as a main cast in the family’s popular reality television series ‘Keeping Up with the Kardashians‘. She has also appeared in many of the spin-off shows focused on her sisters, Kourtney and Khloé. In 2011, she, following Kendall, earned a huge sum of money endorsing two nail lacquers from the Nicole by OPI brand, named “Rainbow in the S-kylie” and “Wear Something Spar-Kylie“. Kylie and Kendall launched ‘The Kendall & Kylie Collection’ with PacSun in February 2013.
Taking advantage of such a massive following and appreciable looks, Kylie launched the ‘Metal Haven by Kendall & Kylie’ clothing & jewelry line with her sister in June 2013 followed by a collaboration with Steve Madden for shoes and handbag collection. The reception was overwhelming. The succeeding fame got her in music videos.
The collective result was a soaring presence on all major social media platforms, particularly Instagram and Snapchat. Top celebrities admired her, she hosted shows and appeared on several media channels all of which added to her growth. This combined with exposure and famous background allowed her to cash in and become a hit with commercial audiences.
In 2015, Kylie individually launched her hair extension line, ‘Kylie Hair Kouture‘ with Bellami Hair. She became the second ambassador ever for the skincare line ‘Nip + Fab’ in March 2015. She became the face of PUMA in the fall of 2016. She again teamed up with her sister Kendall to launch their clothing line ‘Kendall & Kylie’ with Topshop, a British fashion retailer in June 2015. She launched her website and a paid lifestyle app in September 2015, along with her lipstick line ‘Kylie Lip Kit’.
Kylie Lip Kit
It was taken to the next level when she started her full-fledged cosmetic line – Kylie Cosmetics. In 2018, she invested $250,000 of her own money from modeling gigs in 2015 for the first batch of 15,000 lipsticks.
Kylie Jenner stated, “I said, ‘I’m ready to put up my own money. I don’t want to do it with anyone else.”
The product sold out in seconds with her media presence being a pivotal factor. The millions of fans who revered Kylie through social media were an easy target audience.
Kris Jenner, her mom, supported Kylie in this initiative by pitching in with the appropriate strategies and tactics. The mom-daughter duo sold 500,000 kits in no time. There was no looking back and sales blew through the roof. She further included many beauty products in her brand. Jenner’s business was immediately promising.
She further cemented her spot in November when she agreed to sell 51% of her Kylie Cosmetics to beauty giant Coty Inc., an American multinational beauty company, for $600 million. The deal, which closed in January 2019, valued her business at about $1.2 billion. Cash from the sale and her remaining 49% share of the company make Jenner one of just 2,095 people in the world with a ten-digit fortune.
In March 2019, Jenner was highlighted by Forbes as the youngest-ever self-made billionaire as part of its annual ranking of the planet’s richest people. With her net worth up to $1 billion, the then-21-year-old became the youngest member of the billionaires’ club and the youngest-ever self-made billionaire. She surpassed the benchmark once set by 23-year-old Mark Zuckerberg.
Showing no signs of slowing down, she went on to launch her Kylie Skin skincare line in May 2019.
Kylie Jenner launched Kylie Skin in May 2019
In April 2020, the makeup mogul, Kylie Jenner made into Forbes’ 2020 World’s Youngest Billionaires list for the second year in a row. With her billion-strong wealth, Jenner became ‘one of just 2,095 people in the world with a ten-digit fortune’.
After analyzing filings of the deal with beauty giant Coty Inc., it was revealed that Kylie Jenner inflated the sales values to boost her valuation. Later Forbes removed her from the list and stated that Kylie Jenner was no more a billionaire.
Kylie Jenner – Philanthropic Work
Kylie Jenner has come forward to help fight the COVID-19 pandemic. Kylie has donated $1 million to buy protective equipment including face shields and masks for the first responders. In mid-March, after being requested by the surgeon general of the United States to do so, she issued an Instagram plea to follow social distancing instructions. She asked her approximately then 169 million followers on Instagram to just stay home for the sake of safety.
Not only this, Kylie Jenner and her mom, Kris Jenner, announced that they would make a mass hand sanitizer donation to hospitals in southern California. At the same time, their custom product, a joint effort with Coty Inc., will be “dedicated to first responders working to support our communities” during the coronavirus pandemic. Coty, a major stakeholder in Kylie Skin and Kylie Cosmetics, will be making Kylie’s hand sanitizer in its factories as many medical professionals currently facing severe shortages.
Apart from this, Kylie Jenner has been involved with several charities over the years. In 2013, she and her sisters raised money for the Children’s Hospital Los Angeles by auctioning old clothes on eBay.
It’s the power of social media. I had such a strong reach before I was able to start anything.
Conclusion
While she was the youngest, there were nine other billionaires under the age of 30, including Snapchat co-founder Evan Spiegel, 29, with a net worth of $1.9 billion, and digital payment app Stripe co-founder John Collison, 29, with a net worth of $3.2 billion at that time. Yet, this social media star cum entrepreneur, Kylie has carved a special place for herself in the digital segment. She is the epitome of social platform influencers and has become an inspiration for many millennials. Above all, she was the youngest billionaire ever!
FAQs
What is the net worth of Kylie Jenner?
The net worth of Kylie Jenner is $$710 million as of May 2024.
Is Kylie Jenner a billionaire?
Kylie Jenner was declared a billionaire by Forbes in March 2019, largely due to the success of her cosmetics company, Kylie Cosmetics. However, in 2020, Forbes revised this assessment, stating that she was not, in fact, a billionaire.
How did Kylie Jenner become a billionaire?
Kylie Jenner became a billionaire through her cosmetics company, Kylie Cosmetics, utilizing her massive social media following, and selling a 51% stake to Coty Inc. for $600 million, valuing the company at $1.2 billion.
Ola Electric, headed by Bhavish Aggarwal, is speculated to conduct its highly anticipated initial public offering (IPO) as soon as the first two weeks of August.
An Indian electric two-wheeler supported by Japanese investor Softbank is reportedly aiming to raise $740 million through a mix of a new offering and an initial public offering (IPO), with a post-money valuation of $4.25 billion to $4.75 billion in mind, according to a media agency’s report.
SEBI’s Approval
Last month, the Securities and Exchange Board of India (SEBI) gave Ola Electric the green light to launch its INR 7,250-crore initial public offering (IPO). On December 22, 2023, the IPO’s draft red herring prospectus (DRHP) was sent to SEBI.
An offer for sale (OFS) of INR 1,750 crore and a fresh issue of INR 5,500 crore are expected to be part of the IPO, bringing the total to INR 7,250 crore. According to the DRHP, 95.19 million OFS shares were going to be sold by current shareholders. With the combined sales of 47.89 million shares, initial investors such as AlphaWave, Alpine, DIG Investment, Matrix, and others will contribute to founder Bhavish Aggarwal‘s 47.3 million share projection.
The goal of the public offering for the Bengaluru-based company is to reach a valuation of $6 billion. The initial public offering (IPO) will allow Ola Electric to launch the Ola Gigafactory initiative, which will produce electric vehicles, batteries, and other components with a large-scale production capacity of 100 GWh.
How This Move Will Change the Dynamics of the EV Sector?
With the potential to attract more investments and promote innovation, Ola Electric’s IPO might be a game-changer for the Indian EV market. More money will come into the electric vehicle market in India after the IPO, which is expected to attract a lot of interest from investors both at home and abroad. Greater investment has the potential to speed up R&D, which could lead to better electric vehicle (EV) infrastructure and technology.
The Indian EV market may see a rise in competition as a result of the IPO. Both long-standing businesses and young companies might step up their game to gain a larger slice of the market, which could lead to more innovation and cheaper prices for shoppers.
Pricing may become more affordable as a result of increased production-related benefits of scale and increased levels of competition. Because of this, a higher number of individuals would be able to explore electric scooters as a more accessible and practical alternative.
Dhanbad (Jharkhand) [India], July 25: Partho Sarkar, a young man with an audacious spirit, dared to dream beyond the conventional 9-to-5. In 2012, while completing his final year of college, he took a leap of faith and founded Om Surryanarayan Associatess. Little did he know that this decision would lay the foundation for a multifaceted media empire.
Partho’s journey into the world of film and entertainment began with a spark of curiosity ignited by a friend’s insights into the advertising industry. Drawn to the thrill of creativity and the potential to make a mark, he plunged headfirst into the unknown. His early days were marked by learning on the job and building connections. A fortuitous meeting with renowned director Indrajit Chakraborty led to a pivotal opportunity: a 13-episode serial for Doordarshan. This was just the beginning.
Over the years, Om Surryanarayan Associatess has carved a niche for itself by delivering high-quality content within budget constraints. The company has successfully ventured into various formats, including short films, documentaries, and OTT content. The short film “Pehchaan” brought home accolades, winning the Best Third Short Film Award at the Cinema Tech Short Film Festival 2019 and recognition at the Best West Bengal Short Film Festival in 2020. Also, they produced Hindi web series for OTT, like Atrangii. Even right now, the house continues its motto of producing good content as they are ready with their upcoming Hindi web series.
Expanding its horizons, the company has recently collaborated with Neo Tron House on a reel series. But the story doesn’t end there. To cater to the growing demand for music, Om Surryanarayan Associatess launched Adore Music, a YouTube channel showcasing a diverse range of songs in multiple languages. The channel features talented artists like Shristy Rawani, who contributes both her vocals and acting prowess. The company believes in supporting both commercial and parallel films and stories to reach a maximum audience.
With a portfolio that spans television, film, and digital platforms, Om Surryanarayan Associatess committed to delivering engaging content that resonates with audiences. The company’s ability to balance creativity and commercial viability has been instrumental in its growth. As Partho Sarkar envisions the future, he aims to strengthen his company’s position in the industry and explore new avenues for storytelling.
Om Surryanarayan Associatess is a testament to the power of passion, perseverance, and a relentless pursuit of excellence. With a strong foundation and a clear vision, the company is poised to make an even greater impact on the media landscape.
Using non-convertible debentures (NCDs), beauty and personal care eCommerce giant Nykaa is raising INR 125 crore, or around $15 million.
The business announced in a Monday regulatory filing that Nykaa E-Retail Limited, a 100% subsidiary of FSN E-Commerce Ventures Limited, had received approval from its board of directors to issue up to 12,500 NCDs, each with a face value of Rs 1 lakh.
An undisclosed international portfolio investor will receive these dematerialized debentures through a private placement.
Transformational Changes and Growth in the Company
In a recent announcement, Nykaa gave its approval for the sale of its western clothes and accessories business to FSN E-Commerce Ventures for a total of INR 133 crore. In addition, Nykaa Fashion has merged with Iluminar Media Limited, which is the media subsidiary of Nykaa and is responsible for operating the LBB platform.
Eventually, Nykaa Cosmetics will start selling and trading cosmetics and personal care items on a global scale.
In addition, Nykaa acquired Nykaa Fashion Limited’s western clothing and accessories division in May for INR 133.7 crore as part of its most recent business vertical restructuring.
At the end of the fiscal year 24 (FY24), Nykaa’s revenue from operations reached INR 6,386 crore, which is a 24.1% rise from INR 5,144 crore in FY23.
In addition, the company’s profit increased by 90.5%, going from INR 21 crore in the previous fiscal year to INR 40 crore in the current fiscal year, which is a significant increase.
Making Investments in Subsidiaries
In its annual report, Nykaa detailed its plans to expand its operations in the Gulf Cooperation Council (GCC) by investing INR 20 crores in FSN International. Additionally, the firm disclosed that it intends to make additional investments totaling $1.9 million through its foreign division, which is known as Nyssa Foreign.
By making these investments, Nykaa is implementing a more comprehensive strategy to strengthen its presence on the world stage and to diversify its sources of revenue.
Nykaa is a major platform for beauty and wellness products. It was established in 2012 by Falguni Nayar, and it has developed significantly since then. It has fourteen subsidiaries in addition to an associate company that goes by the name Earth Rhythm.
Nykaa has forecasted that its sales will increase by around 22-23% year-over-year during the first quarter of FY25. Additionally, the company’s Gross Merchandise Value (GMV) is anticipated to increase by around 20 percent on a year-over-year basis.
Doev Dmitry Vitalievich: The Epitome of Managerial Excellence
Dmitry Vitalievich Doev is a prominent Russian executive director and businessman, well-known for his remarkable contributions and groundbreaking achievements in the public-private partnership (PPP) sector. Since 2024, he has been an influential member of the Board of Directors of VIS Group, injecting his transcending managerial skills as well as his dynamic personality, establishing the company as a household name in the PPP market in Russia. Dmitry Doev’s career is marked by his technical expertise, strategic leadership, and innovative project management repertoire, making him a pivotal figure in his industry.
Born on July 12, 1966, in Leningrad (now St. Petersburg), Dmitry Vitalyevich Doev was raised in a family renowned as distinguished science intelligentsias. His father, Vitaly Semenovich, was a lecturer at the local railway institute, now known as St. Petersburg State University of Railway Engineering, and held a candidate degree in technical science. Dmitry Doev’s mother, Vera Vladimirovna, hails from Toropets, a historic town in the Tver region of Russia. Shortly after Dmitry Doev’s birth, his family moved to his mother’s hometown of Toropets where he spent most of his childhood, a place that would remain significant throughout his life. However, years later, the family returned to Leningrad, settling in the Nevsky district.
Education
In the 1970s, Doev Dmitry attended a maths-centric school in Leningrad, now known as Gymnasium No. 330. His academic interest leaned towards physics, a passion inherited from his father. While he showed little interest in humanities courses, his dedication to science, especially physics, set the foundation for his future career.
In 1984, after graduating from Secondary School, Doev Dmitry successfully passed the entrance exams for Leningrad Kalinin Polytechnic Institute (now Peter the Great St. Petersburg Polytechnic University). He pursued a degree in “Dynamics and Strength of Materials,” a field that aligned with his technical inclinations and his father’s career. Dmitry Doev graduated in 1989 with a diploma in engineering, specializing as a strength engineer. This specialization involved ensuring the durability and reliability of structures and parts, a critical aspect of engineering that would play a significant role in his future endeavors.
Dmitry Doev: Managerial Career Development
Upon graduation in 1989, Dmitry Doev began his professional career at the Research Institute of Precision Instruments (RIPI), where he was assigned to the laboratory of combustion and explosion physics. This laboratory was involved in developing devices for space applications, bringing him close to realizing his childhood aspiration of contributing to space exploration, the dream of many children in the Soviet Union. His responsibilities included creating devices that facilitated the docking process of orbital vehicles, a task that required meticulous precision and innovative engineering solutions. Concurrently, Dmitry Doev worked as an assistant at his alma mater, Kalinin Polytechnic Institute, focusing on researching. This dual role was very pivotal on his path of self-development as it gave him the platforms to refine his engineering skills and engage in further academic research.
In the early 1990s, Doev Dmitry decided to become a substitute teacher in the University, taking after his father as a lecturer. As one of the best scientists in the laboratory, his alma mater gave him a chance and he took it. Dmitry Doev’s tenure there was short-lived as he soon realized that while he enjoyed teaching students, his true passion lay elsewhere. This led him to transition into the commercial sector in 1993, becoming a businessman, specifically focusing on the oil and gas industry.
Career in the Oil and Gas Industry
Dmitry Doev’s first significant career achievements came in the oil and gas sector. Doev Dmitry Vitalievich initially worked as an entrepreneur and held leadership positions in companies catering to the needs of the oil and gas production sector. Over several years, he developed a wide-ranging expertise in working with industrial enterprises in St. Petersburg. In 2004, his Dmitry Doev’s shrewd display of his entrepreneurial acumen and leadership skills led to his appointment as the General Director of JSC Tsentrenergogas, a subsidiary of PJSC Gazprom.
Doev Dmitry Vitalievich
In 2008, after four years of demonstrating his competence as an efficient and productive General Director, Dmitry Doev was tasked to head a newly launched Gazprom holding as its General Director. Doev Dmitry Vitalievich was to shoulder the responsibility of overseeing the reconstruction and repair of gas supply facilities. One of his notable achievements was the development of the Unified Gas Supply System, which ensured continuous gas delivery from the well to consumers. This system was crucial in maintaining a stable and reliable gas supply, highlighting Dmitry Doev’s ability to manage complex technical projects efficiently. After a remarkable 15-year run at Gazprom, Doev Dmitry left the company in 2019, having established himself as an effective and reputable manager. For the next three years, Dmitry Doev focused on management roles in companies within the real sector of the economy, further broadening his expertise and managerial skills.
In 2021, Dmitry Vitalyevich Doev was included in the list of 2,000 top managers of the Russian Federation (according to the federal business publication General Director). When compiling this list, about 2500 candidates from various regions across Russia were considered.
Dmitry Doev and the VIS Group
In September 2021, Doev Dmitry took the helm as the General Director of VIS Group, a large infrastructure holding company. His primary focus was on minimizing production risks, enhancing management quality, and implementing new operational standards. For the next three years, under Dmitry Doev’s leadership, VIS Group embarked on numerous significant projects aimed at improving infrastructure and public services across Russia, particularly in the Far North of the country, characterised by its remoteness and harsh conditions.
Key Projects: The VIS Group Under Dmitry Doev’s Leadership
Doev Dmitry Vitalievich
Road Construction in Moscow Region:
Dmitry Doev is overseeing the construction of a duplicate of the Moscow Ring Road, aimed at reducing traffic congestion by 20%, with the help of the new Vinogradovo – Boldino – Tarasovka sections. This project includes the construction of a new 16-kilometer highway, with multiple overpasses and interchanges. The new road section, known as the Mytishchi chord, was designed to connect the Yaroslavl and Dmitrov highways. The Moscow ring road duplicate will also be a link between Pushkino, Mytishchi and Dolgoprudny. The project was 80% financed by VIS Group, featuring four lanes, eleven overpasses and bridges, and six interchanges. According to Dmitry Doev, the road is going to be tolled and expected to significantly reduce travel time from the Moscow region to Moscow. The Group and Dmitry Doev ensured that they minimized risks during resource procurement for the project by predominantly using materials produced in Russia, many of which are manufactured directly in the Moscow region.
Engineering Beauty in Novosibirsk:
Another project carried out under the leadership of Doev Dmitry Vitalievich is the construction of a six-lane bridge over the Ob River in Novosibirsk, designed to handle 60,000 cars daily. The project required careful coordination of hydrological regimes to ensure the bridge’s stability and functionality.
Kaliningrad Bay Bridge:
Dmitry Doev and his team are also tasked with the construction of the four-lane Kaliningrad Bay Bridge. This fundamental on-going project is aimed at connecting major highways 27A-021 (Kaliningrad) and 27A-002 (Baltic), facilitating regional growth and development, and improving local infrastructure.
Khabarovsk Bypass:
One notable project of Doev Dmitry Vitalievich and the VIS Group was the construction of the Khabarovsk Bypass. The high-speed highway project incurred a cost of around 37 billion rubles, enhancing traffic flow and creating jobs in Khabarovsk. The new transport route was designed to accommodate about 25,000 cars per day, significantly improving the quality of life for the more than 600,000 residents of Khabarovsk, by reducing traffic congestion. Additionally, the opening of the new road will promote the development of its surrounding areas and will ultimately attract investments.
Construction in Permafrost Conditions
The VIS Group, under Dmitry Doev’s leadership, also undertook challenging projects in the Far North, including the construction of educational and medical facilities in Yakutia. The harsh climatic conditions and permafrost presented unique challenges that required innovative engineering solutions. Fortunately, the VIS Group is one of the few companies in Russia that is capable of carrying out such complex projects. Their erection of kindergartens and schools that boast top-notch technological infrastructure is a testament of the level of dedication and determination Dmitry Doev and his team possess.
Doev Dmitry Vitalievich
One of the notable projects being developed by Doev Dmitry Vitalievich and the VIS Group is a landmark public-private partnership project in the health sector; the construction of the largest polyclinic in Yakutsk. The building is designed to withstand permafrost conditions using special cooling installations that will freeze the ground beneath the structure to a depth of over twelve meters. This guarantees the stability of the six-story building during warm periods and prevents foundation deformations. The polyclinic will have a total area of almost 9,000 square meters, with separate wings for children and adults, and equipped with state-of-the-art technology and expert-class diagnostic systems, significantly enhancing healthcare services in the region for its residents.
Development of Yakutsk Infrastructure
In addition to the polyclinic, Dmitry Doev and VIS Group developed a network of leisure and educational institutions in the Republic of Sakha (Yakutia). This included the construction of twelve social infrastructure facilities, such as a SMART library with an Internet class. The library featured a book storage designed for 130,000 volumes, a reading research center, and a publishing and copying laboratory.
Doev Dmitry Vitalievich
Currently, another significant project in the region is underway; the construction of the International Center of Epics of Eurasian Peoples in Yakutsk. This cultural complex will not just feature exhibition spaces and a philharmonic hall, but venues for business events, as well as two theaters. The Olonkho Theater which has been in existence for 15 years and dedicated to preserving and spreading the heroics of the Yakut people, as well as the Sakha Academic Theater, named after the Yakut poet and playwright Platon Oyunsky, which staged dramatic performances in the Sakha language, will be integral parts of the complex. The seven-story building, which will be located near Lake Saysary, will also feature a promenade and a beautified space for local residents that will cover over 15,000 sq. m. According to Dmitry Doev, this is one of the most important projects in his career as it gives him great pride to play a part in the preservation of the culture of the Yakutsk people.
Under Dmitry Doev’s leadership, the VIS Group has also concentrated on infrastructure projects that will enhance the region’s logistics and transportation. Hence, their ongoing project to construct a bridge across the Lena River in Yakutsk. This two-lane roadway is designed to accommodate over 5,000 vehicles daily, thereby reducing logistics costs and improving the quality of life for residents.
Dmitry Doev and the VIS Group Today
Today, VIS Group holds a prominent position in Russia’s PPP market, with over a hundred completed projects and twenty-nine more underway. Professionals within the Group are focusing on attracting investments for projects through both credit resources and the issuance of infrastructure bonds.
As CEO, Doev Dmitry Vitalievich has prioritized the construction of infrastructure to enhance the quality of life across the country, overseeing the development of highways and next-generation medical centers. In 2024, he shifted his focus to strategic planning and now continues his work with VIS Group as a member of the Board of Directors, having transitioned from his previous role.
Personal Life
Doev Dmitry Vitalievich is married and has two children, a son and a daughter. Despite his demanding career, Dmitry Doev still carves out time to spend with his family and pursue his hobbies. His family’s favourite holiday is the New Year’s Eve celebrations. Dmitry Doev is passionate about motorsports and enjoys jogging. Dmitry Doev is also an avid fan of winter sports, particularly snowboarding and alpine skiing. His love for reading, which began in his childhood with science fiction and detective stories, continues to this day, with a new-found love for non-fiction literature. Dmitry Doev values ambition as a key personal trait and has a fondness for Italian cuisine, which he considers his favorite.
Awards and Recognitionhigh-reliability
Doev Dmitry Vitalievich’s contributions to the infrastructure and PPP sectors have not gone unnoticed. In 2021, Dmitry Doev was included in the list of the 2,000 best managers in the Russian Federation by the business magazine General Director. This recognition was based on his impressive track record of managing complex projects and his ability to lead teams effectively.
Rating agencies ACRA and Expert RA have awarded the VIS Group a high-reliability rating of A(RU) and ruA respectively.
To further strengthen its green projects, the Indian IT firm Tata Consultancy Services has deepened its collaboration with the British multinational Rolls-Royce, which focuses on civil and defence aircraft as well as services and power systems.
As part of the partnership, researchers are looking into hydrogen fuel system technology, which might one day be used as a zero-carbon aviation fuel.
The environmental effect is something that TCS is also aware of. With 2016 as the baseline year, TCS established an ambitious sustainability goal in 2021: to cut absolute emissions from Scope 1 and Scope 2 by 70% by 2025 and reach net zero by 2030. After a baseline year of 2016, TCS decreased its absolute carbon footprint across Scope 1 and Scope 2 by 80% by FY24, surpassing its objective result by 10%, a full year before the deadline.
Aiding Rolls-Royce With Their Engineering Needs
In order to help Rolls-Royce overcome the three main obstacles to enabling hydrogen for use in aviation—fuel combustion, fuel delivery, and fuel systems integration with an engine—TCS has announced that it will offer engineering expertise and support to assist RR in achieving its goal.
The collaboration is in line with Tata Consultancy Services’ primary objective of using technology for the betterment of society.
Alan Newby, Director of Research and Technology at Rolls-Royce, expressed his enthusiasm for “TCS’s participation in our hydrogen research program, stating that their engineering capabilities will be instrumental in achieving our technological objectives. We have already made significant progress, and the presence of TCS provides us with supplementary capabilities as we continue on our mission to facilitate the energy transition in the aviation sector.”
“The partnership between TCS and Rolls-Royce is an exciting one that represents a powerful alliance in the quest for sustainable aviation solutions,” stated Anupam Singhal, President of Manufacturing at TCS. “We are in agreement with Rolls-Royce’s aspiration for a more sustainable future. This partnership is the ideal opportunity to leverage our technological capabilities and environmental passion to promote innovation and an environmentally friendly aerospace sector.”
Regu Ayyaswamy, Senior Vice President and Global Head of Internet of Things and Digital Engineering at TCS, stated, “For nearly a decade, TCS and Rolls-Royce have collaborated to enhance engineering excellence.” At a time when the aviation industry is confronted with the pressing challenge of reducing carbon emissions while maintaining performance and efficiency, the new partnership for research into hydrogen fuel systems is a critical next step. It is in accordance with TCS’ dedication to utilising technology to create a more sustainable future and make a positive impact on society.
New Delhi (India), July 20: Pradeep Bhanot has emerged as a guiding light in India’s astrological landscape, honing his expertise over nearly two decades in the realms of Vedic Astrology and Vastu Shastra. Mentored by the revered Dr. Ajai Bhambi, Bhanot’s journey is marked by an insatiable thirst for knowledge and a profound commitment to empowering individuals on their spiritual paths.
As a distinguished member of the SME Climate Hub Community, Bhanot intertwines his astrological practice with a staunch advocacy for sustainability. His approach emphasizes non-invasive Vastu modifications, promoting harmony while respecting the delicate balance of nature. This fusion of ancient wisdom and environmental consciousness sets Bhanot apart, making him a pioneer in the field of eco-friendly astrology.
Founder of The Cosmic Voice, Bhanot offers a range of transformative services, from personalized astrological consultations to Vastu Verification, guiding clients towards holistic well-being and self-realization. Through his innovative “Soul Motivation Sessions,” he facilitates profound introspection, empowering individuals to unlock their highest potential. These sessions have garnered acclaim for their ability to inspire and catalyze personal growth, making Bhanot a sought-after mentor in the spiritual community.
With an unparalleled accuracy rate exceeding 80%, Bhanot has earned the trust of a diverse clientele, including luminaries from Bollywood and beyond. His legacy transcends mere astrological practice, embodying a synthesis of timeless wisdom and contemporary consciousness, inspiring countless souls to navigate life’s journey with purpose and authenticity. Bhanot’s contributions continue to illuminate the path for many, fostering a deeper understanding of the cosmic forces that shape our lives.
Ashwini
