If you are thinking about starting a new proper business in a new country like Spain, first of all it’s important to know how to start and have some guidelines to help you in the process. It is commonly known that Spain has a massive market where you can create your own company with secure incomes and successful economic benefits, but there are certain factors to take into account if you want a thriving business in the near future. In My Visa Spain, a business development company with its own website, you will find all the keys to set up a business in Spain and all the steps you need to take to ensure you are on the right track, and know which are the options to have an entrepreneur Visa Spain 2021.
First of all, it is important to clarify that My Visa Spain has a digitally progressive and expert team that ensures you to receive the best guidance, fast feedback and professional services to achieve all your objectives in a successful way.
On the one hand, it is well known to all the foreigners in the business world that Spain is a hub of companies and many investors have bet on opening a company in this country. Spain looks lucrative for several reasons like highly improved ideal infrastructures, a top worldwide talent that brings tourism and visitors every year, a stable government that supports all kinds of business, and a persistent entrepreneurial ecosystem in important cities like Barcelona, Madrid, Valencia or Malaga.
On the other hand, Spain is a country that doesn’t discriminate whether you are a foreigner or a local citizen, so everybody is allowed to operate a business. The main thing is that you will be required to be a legal resident before starting your business. The process can get a little bit complicated depending on the country of your origin, but in My Visa Spain you will find all the help you need to be a legal citizen in Spain and obtaining a Business Visa or a Work Permit, it all depends on your business idea as an entrepreneur or as a self-employed individual.
Why Spain?
Spain is an attractive business market because its economy has had a successful increase. Because of its European Union membership, Spain has become the third-largest investor global. Also, the country has the fifth-largest economy within the European Union.
However, there are other many reasons to create a startup apart from the fact that its economy is growing quickly and is providing lots of opportunities for a business to develop. For example, it’s a country with a lower cost of living and a large pool of skilled laborers. Furthermore, Spain is a safe and healthy country to start a new life or to raise a family that will live a life in a recognized wealth and cultural country.
Definitely, individuals and governments like Spain need to be more innovative in their economic system for still growing up, thus there is the Spain entrepreneur Visa program that you can check and verify in My Visa Spain website.
Every student dreams of getting good grades, good college and a good life ahead. The young budding mind is curious, puzzled and still learning how the world works. The academic education and grades will only help too much, a person will need practical knowledge, certain skill set and so called “experience”. Aviate helps its Students to prepare for a job.
A freshly graduated individual struggles in finding a path, a direction to a journey he has to cross alone. The college, peers and adults in one’s life can only help through the way of giving advice, which at often times confuses the person. What these final year graduates need is the correct training about the work and skills they will need to instill in order to enter the recruitment market with the confidence and competence. As such, Aviate will guide their students in the right direction and also help them develop important and necessary skills to get a job.
Almost all the companies coming to the placement cells for recruitment are looking for students who have good communication skills and are fast learners. Why? Because they will be trained after the competitive range of interviews, GDs and tests of all sorts. Aviate provides the very same stage – a program with a vision to change the hiring market by training job-seekers on a very role-specific and organization/industry-specific that is designed in collaboration with the employers and geared to inculcate the operational as well as the soft competencies that an employer seeks for a particular job profile.
Aviate is a platform for employability-enhancement and placement services for fresh college graduates and final year college students. Aviate’s long-term vision is to disrupt the hiring market for entry-mid level roles. Aviate’s objective is to create a world where companies recruit via a train and hire model instead of the current norm of hiring people and then training them to be job-ready.
Aviate’s strategy is to train job-seekers on a very role-specific and organization/industry-specific courses that are designed in collaboration with the employers and geared to inculcate the operational as well as the soft competencies that an employer seeks for a particular job profile.
Post the training, job-seekers are thoroughly assessed (the assessments are also approved by the employers and designed to gauge a candidate-profile fit) and only the ones that make the cut are sent for interviews.
Aviate also has a retention cum mentorship programme wherein the alumni are paid a retention bonus after they complete a year with their organization. In exchange, the alumni conduct screening and mentorship sessions for incoming batch of job-seekers targeting the Alumni’s industry or profile. This also helps the alumni by granting them a sizeable supplementary income and provides the best possible mentorship to candidates aspiring for a particular role or an industry.
The advantages of the ‘train and hire’ approach for employers are-
Reduce employer’s TAT for hiring because of curation of eligible candidates made by Aviate.
Reduce the training costs and unlock a lot of opportunity costs as the candidates are job-ready.
Reduce attrition rates via its retention cum mentorship programme.
The advantages for job-seekers are-
Guaranteed Jobs for successful candidates
Successful candidates get a job offer within 24-96 hours
Employability – Enhancement by inculcation of core operational and soft skills
Supplementary income via our retention cum mentorship programme
No upfront training fee
Pan-India access to multiple job profiles and employers
Rishi is an Engineer from MIT Manipal and he also attended MBA course at MDI Gurgaon for an year before dropping Out. Previously, he worked with LetsTransport as National Sales Manager, where he scaled revenue to $10Million ARR. He also spearheaded strategic partnerships with Porsche and JW Marriot during his stint at Bidsvilla.
Kundan Kumar, an alumnus of IIT BHU (CSE) has joined Aviate as a Co-founder and CTO. Kundan is experienced in full-stack development. Kundan had Co-founded a company called Medaboss in the healthtech space and has also worked as tech lead with many organisations in the past.
“I talked to Kundan on LinkedIn when he pinged me as he was itching to work in this space as he had a very similar idea a few years ago. So I remember having several very late-night conversations with him and when we realized that our vision for the product and the business were aligned, he flew down to meet us and before long, he had put in his papers and would be joining us full-time in August as a co-founder and CTO”, Rishi informed.
In addition to the founders, Abhishek Singh is a core team member and heads the operations and online supply acquisition. Abhishek is an alumnus of IIT Dhanbad. Aviate has also made another addition in the form of Malika Bhutani to the core team as the head of community relations wherein she would lead the supply acquisition efforts.
How was Aviate Started
Rishi had faced the problem of hiring good frontline sales reps for a few organizations that he had been a part of and he used to wonder why that was the case and then one thing led to another and he started researching about the problem.
Rishi spoke to the Talent acquisition teams at several prominent BFSI, FMCG and retail companies that typically employ a large sales and operations workforce. He realized that a lot of their hiring for frontline roles is outsourced to recruitment agencies and they don’t really have a good curation mechanism.
“What I realized were three problems on the side of employers, the time taken to hire was protracted owing to a lack of good curation, the candidates needed training post-employment and weren’t job-ready and the attrition rates for these profiles was pretty high.”, said Rishi.
Rishi also spoke to a lot of placement officers across colleges in the country, students that had recently graduated or were about to in order to understand the problems at their end. Rishi also discussed it with a few friends that are entrepreneurs and some that work with a VC fund to get a sense of what they thought of the idea. By the end of last year, Rishi put in his papers at LT and decided to take a plunge and try to solve these problems.
Aviate – Name and Logo
“We just brainstormed on a couple of ideas for the name and when we zeroed in on Aviate” says Rishi.
The founder (Rishi) himself created the company’s logo.
Aviate is a pioneer in the ‘train and hire’ model. Aviate trains job-seekers on very role-specific and organization/industry-specific courses that are designed in collaboration with the employers. Post training the trainees are assessed and only those perform well are sent for interviews. To reduce attrition, Aviate also provides incentives to those alumni who complete minimum an year with an organization.
The advantages of this ‘train and hire’ model are-
Effective curation of employees. Employers can recruit from a candidate pool that is pre-trained.
Candidates are job ready even before getting hired. So the companies can skip the need for in-house training.
Reduced attrition. The alumni receive retention bonus on completion of minimum one year of job with a company, which reduces the attrition rate.
Role specific training and assessments designed in collaboration of the employers bridges skill gaps.
Aviate – User Acquisitions
Aviate’s client acquisition strategy has mostly been about identifying industries and sectors where they feel the model of hiring can create a dent and then reaching out to relevant stakeholders in the organizations to take the conversations ahead. Aviate is currently focusing on community buildingthrough campus ambassador network, internship platform and promotional events. The company is also taking help of digital marketing to reach out to potential customers.
Aviate raised a total funding of $45K in Feb, 2019.
Date
Stage
Amount
Investor
Feb 22, 2019
Angel
$45K
Sanchit Saraf, Abhimanyu Dhamija, Ravish Naresh, Pushkar Singh along with some other angels
Aviate – Startup Challenges
A major challenge for Aviate has been to build a good mechanism for offline supply acquisition. They initially started by reaching out to colleges for supply acquisition but soon realized that most colleges could care less about the placements and outcomes for their students.
“It’s so sad it isn’t even funny. Some colleges are responsive but the overwhelming majority couldn’t care less about outcomes as long as their seats are getting filled and they’re making money”, says Rishi.
Now their focus in terms of offline supply acquisition is to build a network of campus ambassadors to evangelize the cause. They also plan to launch an internship platform in order to try and get a lock-in on the supply side right from the first year of college.
Aviate – Competitors
Aviate’s model is different from the other players in this space like Manipal pro-learn or times learning etc. Rishi, is fairly sure that some great companies would emerge in this space. However, he thinks what Lambda has achieved is quite remarkable and investors and entrepreneurs alike have shown quite an interest in creating an Indian clone of Lambda. They will be watching this space with great interest specially to see if and how the Income sharing Agreement model works in India.
However, there are several companies and entrepreneurs that Rishi finds inspirational like Larry Ellison (oracle), Divyank Turakhia (directi, Media.net), Nithin Kamath (Zerodha), Ashish Kashyap (Goibibo, INDwealth) among several others.
“Tech-enabled/tech-based recruitment has seen a few interesting companies but none have managed to solve the problem at scale except Naukri. It is a little odd that none of the startups founded post 2010 have made a dent in the market in terms of the scale that naukri enjoys. In terms of skill development, the market has tinkered with a train and hire model however we feel that no one has really created a model that hinges on incentive-alignment of all stakeholders. We do think a lot of interesting plays will emerge in the broader recruitment and skill-development space.”, says Rishi.
Aviate – Advisors and Mentors
Aviate is being mentored by Pushkar Singh (Co-founder Let’s Transport) and Ravish Naresh (Co-founder Khatabook and housing).
Aviate has signed up clients and has commenced training and hiring for them. The immediate focus for the next years is to create a wide array of content that enables them to create a broader base of profiles and roles as they feel this will trigger a positive feedback loop with tremendous network effects.
Depth and breadth of content and job-types would lead to a better supply and a better supply would lead to better demand from clients. Kick-starting and optimizing this feedback loop is their immediate focus.
Aviate – FAQs
What is Aviate?
The Aviate platform provides college graduates and final-year students with employability-enhancing and placement services.
Who are the founders of Aviate?
Rishi Raj Rahul is the founder and CEO of Aviate and Kundan Kumar is the co-founder and CTO.
Where is the headquarters of Aviate?
Bomanhalli, Bengaluru, Karnataka, 560068, India.
What is the total Funding and who are the investors of Aviate?
Total funding is – $45K in Feb, 2019. Invested by Angel investors – Sanchit Saraf, Abhimanyu Dhamija, Ravish Naresh, Pushkar Singh along with some other angels.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byPfizer.
Health and Human Services Secretary Alex Azar said that the US was currently manufacturing doses for all six potential vaccines backed by President Donald Trump’s government across more than 23 manufacturing facilities. These includes vaccines from Moderna, Pfizer, AstraZeneca and Johnson & Johnson, which are all in late-stage testing.
Pfizer is a research-based multinational biopharmaceutical corporation that develops, manufactures, and distributes healthcare products. Medicines and vaccines are part of its global portfolio. The Pfizer–BioNTech COVID-19 vaccine is an mRNA-based COVID-19 vaccine that is marketed under the brand name Comirnaty. It is given to people aged 16 and up to protect them from infection with the SARS-CoV-2 virus, which causes COVID-19.
This article will give you a complete Company Profile of Pfizer. Know all about Pfizer history, business model, founders, revenue, acquisition, covid-19 vaccine & more…
Pfizer/BioNTech has filed an application with the US Food and Drug Administration for full FDA approval of its Covid-19 vaccine for people aged 16 and up as of May 2021, according to the companies. This is the first Covid-19 vaccine to be evaluated by the FDA for complete approval in the United States.
The FDA has granted emergency use authorization (EUA) to Pfizer’s mRNA two-shot vaccine for use in the United States. To date, 170 million doses of the vaccine have been distributed throughout the United States, according to the firms.
“We are proud of the tremendous progress we’ve made since December in delivering vaccines to millions of Americans, in collaboration with the U.S. Government,” Albert Bourla CEO of Pfizer, said in a statement.
“We look forward to working with the FDA to complete this rolling submission and support their review, with the goal of securing full regulatory approval of the vaccine in the coming months.”
Pfizer is a research-based multinational biopharmaceutical corporation that develops, manufactures, and distributes healthcare products. Medicines and vaccines are part of its global portfolio.
Cholesterol-lowering Lipitor, pain-relieving Celebrex and Lyrica, pneumonia vaccine Prevnar, and erectile dysfunction medication Viagra, as well as arthritis medicine Enbrel, antibiotic Zyvox, and blood-thinning Eliquis, are among the company’s top prescription items. Generic medications and consumer health goods are also manufactured and sold by the company.
In partnership with BioNTech SE, a German biotechnology firm, Pfizer recently produced an mRNA-based vaccine for COVID-19. The vaccine’s efficacy has been verified in several trials to be between 90 and 100 percent.
Pfizer – Mission and Vision
The vision statement of Pfizer is – “Innovate to bring therapies to patients that significantly improve their lives.”
Pfizer mission statement is “to become the world’s most valued company to all of these people.” It zeroes down on the achievements that the company desires while at the same time meeting the expectations of all its patients. It focuses on the company’s desired outcomes while still meeting all of its patients’ needs.
Charles Pfizer and Charles Erhart, cousins who had immigrated to the United States from Ludwigsburg, Germany, founded Pfizer in1849.
The company, which was based on Bartlett Street in Williamsburg, New York, developed chemical compounds, including an antiparasitic called santonin. Both in their mid-20s, the two men started a fine chemicals company in a Brooklyn factory with a loan from Pfizer’s father. Pfizer’s chemist skills were combined with Erhart’s confectioner training in the company’s first product, a palatable anti-parasitic drug that tasted like toffee. It was a huge success, and it set the tone for the company’s future growth.
The American Civil War, which broke out shortly after in 1862, had an equal effect on the emerging pharmaceutical industry as it did on American society as a whole. Drug manufacturers were just as much a part of the “first industrial war” as arms manufacturers. The sudden demand for massive amounts of painkillers and antiseptics for the Union armies, like that of their rival Squibb, presented a huge opportunity to increase production. Pfizer’s sales had doubled since the beginning of the war in 1868, and their product ranges had greatly expanded.
Following the battle, Pfizer began to concentrate on industrial chemicals rather than drugs, manufacturing citric acid for the burgeoning soft drink industry, which fueled the expansion of brands including Coca-Cola and Dr. Pepper in the 1880s. For several years, this was their mainstay, setting the groundwork for their continued expansion. When the supply of tartaric acid was interrupted by the civil war and higher tariffs, Pfizer expanded its production to become the leading chemical supplier in the United States.
Pfizer – Covid-19 Vaccine
In April 2020, Pfizer collaborated with BioNTech to start developing a COVID-19 vaccine in response to the coronavirus pandemic. The BNT162b2 vaccine candidate is an mRNA vaccine. The drug-maker announced in November 2020 that results from Phase 3 clinical trials showed the vaccine was safe and reliable, with a 95 percent efficacy rate. It needs two doses, separated by 21 days.
Pfizer and BioNTech submitted an emergency use permission request to the FDA a few days after the positive clinical trial results were announced. The FDA approved the Pfizer-BioNTech COVID-19 vaccine for distribution in the United States on December 11, 2020.
Pfizer’s company name is after the founder Charles Pfizer and its logo is shaped like a tablet of medicine. The oval-shaped logo is a powerful brand identity that conveys a message of optimism, well-being, and progress. As opposed to the initial limit “P,” the letter “f” is intentionally made larger.
The tagline outlines Pfizer’s purpose, “Breakthroughs that change patients’ lives.”
Pfizer’s Company Logo
Pfizer – Business Model
Pfizer Innovative Health and Pfizer Essential Health are the company’s two commercial divisions.
Pfizer Innovative Health is dedicated to the development and commercialization of pharmaceuticals and vaccines. Internal medicine, vaccination, oncology, inflammation and immunology, rare diseases, and consumer healthcare are among IH’s therapeutic fields.
Legacy labels, branded generics, generic sterile injectable drugs, biosimilars, and infusion systems are all included in the Pfizer Essential Health category. EH also has a research and development department, as well as a contract manufacturing division. Prevnar 13, Xeljanz, Eliquis, Lipitor, Celebrex, Pristiq, and Viagra are some of the company’s brands.
The table below highlights some of the key financial metrics of Pfizer (extracted from the company’s annual reports)
Financial Metric
2020 (In Millions)
2019 (In Millions)
Total Income
$9,616
$16,273
PAT(Margin)
-11.89
219.75
Equity Share Capital
45.75
45.75
Net Fixed Assets
2513.05
2127.65
Pfizer – Revenue and Growth
Pfizer’s COVID-19 vaccine sales exceeded analyst expectations by about 60%. As of mid-April 2021, the company produced 1.6 billion doses of the vaccine under signed contracts. Pfizer’s operating sales increased by 8% even without revenue from the COVID-19 vaccine.
With exclusivity for Pfizer’s second-best-selling medication, Lyrica, expected to expire in June, the pharma expects a $2.6 billion sales hit from competitive pressures, almost $1 billion more than in 2018.
As of November 2020, Pfizer’s Covid-19 vaccine, made in partnership with the German firm BioNTech, was stored at subzero temperatures, and there were lots of distribution challenges in rolling it out in the weeks ahead.
Pfizer is “running at critical supply limitations,” Dr. Bourla, the CEO said, adding that he hopes the government deploys the Defense Production Act to solve the problem.
Meanwhile, the FDA contacted Pfizer about a different problem with its vaccine. According to some press accounts, several pharmacists giving the shots found that each vial contained more than the planned five doses. They wondered if they could eke out another dose, or even two, from the leftovers.
Pfizer – Future Plans
Pfizer has revealed plans to increase sales in Latin America, Eastern Europe, and Asia, which are all developing markets. The organization will use its global reach and product portfolio to provide health solutions to the rising and underserved population of middle-income patients in these areas.
The company identified four factors that will aid its expansion in the developing Asian pharmaceutical market, which is worth $47 billion. Expanding its current presence in high-growth markets, establishing leadership in oncology, tailoring portfolio offerings to local consumer needs, and leveraging global manufacturing and R&D in Asia are among these factors.
Pfizer expects to spend $5 billion in capital projects in the United States over the next five years, including expanding its manufacturing footprint in the country. In 2019, it announced an additional half-billion-dollar investment in Sanford, North Carolina, for the construction of a cutting-edge gene therapy manufacturing facility.
Pfizer – FAQs
What does Pfizer do?
Pfizer is a research-based multinational biopharmaceutical corporation that develops, manufactures, and distributes healthcare products. Medicines and vaccines are part of its global portfolio.
Who founded Pfizer?
Charles Pfizer and Charles Erhart, cousins who had immigrated to the United States from Ludwigsburg, Germany, founded Pfizer in 1849.
Which companies do Pfizer compete with?
The top competitors of Pfizer are Merck, Novartis, BMS, Johnson & Johnson, GSK, Abbott, Cipla, Roche, Eli Lilly, Bayer.
What do we as consumers want today? Only one thing, that the products and services that we avail should facilitate our tasks and activities in the most optimized format. And why not! When everything today is built and availed only with the sole motive of easing the process be it business or individual, this certainly feels the right philosophy to follow! One such software is Kapture CRM. Founded in the year 2011, by the Co-founders Sheshgiri Kamath ( CEO), Vikas Garg (CTO ), Pearl Tewari (VP), this is a software that helps enterprises manage their service and sales teams on one single platform.
Kapture CRM runs on a very simple vision which is to enable businesses to use software in a better and more efficient way and to be the number one productivity platform choice for enterprises. Kapture CRM helps enterprises manage their service and sales teams on one single platform. Being omnichannel, Kapture unifies operations seamlessly.
While the initial product was more focused on marketing, once they pivoted to the sales and service CRM model, thy witnessed great traction. They pivoted because the first product wasn’t gaining traction and realized that sales is a larger problem to solve. In 2016 they launched the service cloud, which today is their fastest-growing product.
Kapture CRM Product Image
Kapture CRM – Founders and Team
Sheshgiri Kamath, Vikas Garg and Pearl Tewari co-founded Kapture CRM. All the members of the founding team are passionate entrepreneurs.
Convincing the founding team was not tough since everyone was very clear about the need to be an entrepreneur. The time, idea and the team were right and we started up! – Sheshgiri says
Kapture CRM CEO Sheshgiri Kamath, is a commercial pilot from Cloud Dancer Aviation in Daytona, USA
Vikas Garg is the CTO of Kapture CRM. Vikas holds a BTech – CSE (Computer Science and Engineering )from IIT Guwahati.
Pearl Tewari, Vice President, Kapture CRM holds a bachelor’s degree in Business Administration from Punjab University and a Master’s degree in Business Administration from the University of Wales.
Regarding responsibilities, Vikas heads technology and the ops teams. Pearl takes care of Marketing & international sales while Sheshgiri works on business development and strategic initiatives.
Today Kapture CRM is a fast-growing team of 200 people. While they believe in transparency and empowerment of the people, they also look for smart people who are self-motivated and don’t believe in micro-management. Majority of the leadership team today has grown internally from the grassroots.
How was Kapture CRM Started
Sheshgiri ,Vikas and Pearl started Adjetter , a platform for offline marketing automation in 2011. While that product was well-received, it didn’t take off the way it was expected to. However, their customers started loving the CRM interface that was bundled with the product, which led to the idea of starting Kapture CRM.
In 2014, Kapture launched as a standalone CRM. Today, 5 years, 500+ customers and 12 countries later, Kapture continues to be the preferred choice of growing enterprises looking for a transformational CRM experience.
Kapture CRM
Kapture CRM – User Acquisition
The first 10 customers were the most difficult ones. They did a few free pilots, got some good feedback, but never got paid! That’s when all of them argued and agreed not to do any Free POC’s anymore. Their first customer was a real estate developer in Bangalore whom they had to chase for 3 months. Once they got on board, The Kapture team managed to sign up another 5 builders. And then, they tried their luck with medical devices companies and that scaled up pretty quickly! One of their strategies is going deep into a vertical and then getting a reference from existing customers. That’s a better strategy due to the lower cost of customer acquisition as well
Kapture CRM’s sales team is split across different channels. They have separate teams for inside sales, pre-sales, enterprise, international and channel sales. As said by Sheshgiri Channel strategy has helped them scale pretty well.
Today, we are partnered with the likes of Wipro, who helped us sign up customers that otherwise, we wouldn’t be able to connect with – the Kapture CRM CEO quotes
They have a laser-sharp focus on the churn rate. They believe that for a SaaS platform to scale, churn rates have to be super low. Every lost customer is discussed, debated and worked on. This has made them a lot better as a product and definitely as a team.
They also don’t spend a lot on marketing. Their marketing efforts are more towards generating better content that helps potential customers understand their products better.
Kapture CRM – Name, Tagline and Logo
This story is as simple as it gets. They looked for capture CRM as the original name, but it wasn’t available hence they opted for ‘Kapture’
Their first startup, Adjetter, was named so because they were looking to first aggregate airline and travel advertising inventories.
Kapture CRM – Business Model and Revenue Model
The Kapture business model is based on a SaaS-based platform. Subscription revenue forms the bulk of their revenue. The packages are sufficiently priced in the range of 25-35 USD per user per month. They are currently profitable, thanks to a healthy gross margin and well-disciplined financial planning. Kapture CRM also boasts of a good retention rate. As Sheshgiri quotes,
Most of the customers start with one of our modules and then they grow with them across teams and products. Over 30% of our year on year revenue growth comes from the retained existing customers.
Kapture CRM – Funding and Investors
Kapture CRM raised a $200k angel round in 2014 and now they are planning on a fundraiser in the US in the next financial year.
Signing up the first few clients in the US and international markets was a huge challenge. Being an overseas startup with no feet on street or brand recall, they struggled to get meetings. As a result, they tried emails, calls, LinkedIn and what not. However, they kept iterating. Today, 30% of the company’s revenue comes from the US market and they hope to grow it to over 50% in 18 months.
Kapture CRM – Advisors and Mentors
The Kapture Team believes that their customers, partners, team members are their greatest mentors and advisors.
Kapture CRM – Acquisitions & Mergers
They acqu-hired 3 different startups with the view to get the right teams on board.
Kapture CRM – Awards & Recognitions
Kapture CRM was part of the Google Launchpad Accelerator program.
Their biggest achievement has been the ability to shift enterprises from well established big name CRMs to Kapture CRM based on its product’s capabilities.
Kapture CRM – Growth
Kapture CRM is headquartered in Bangalore with offices in Gurgaon, Mumbai, and Florida (USA). They work with 500+ customers across 12 countries. The average customer has 75 users and they have been profitable for the last two years. Some of their clients include Exxon Mobil, Sun Pharma, Bigbasket, Bahamas Paradise Cruise, Swiggy, Netmeds, Stanley Black and Decker. They have grown 200% in the last few years and 2019 has been extremely encouraging for the team.
Kapture CRM – FAQs
What is Kapture CRM?
Kapture CRM helps enterprises manage their service and sales teams on one single platform. Being omnichannel, Kapture unifies operations seamlessly.
Who is the Kapture CRM founder?
Sheshgiri Kamath, Vikas Garg and Pearl Tewari are the Founders of Kapture CRM.
What is the Kapture CRM revenue?
Kapture CRM’s estimated annual revenue is currently $9.9M per year.
The Reserve Bank of India on 5 April 2021 had announced it has reopened the one-time loan restructuring programme for individual borrowers. Let’s look at what exactly is loan restructuring and the details of the loan restructuring programme reopened by RBI.
Loan restructuring is a feature that will allow the banks to change or modify the terms and conditions of the loan provided to an individual when they are facing a financial crisis. Banks do these in order to avoid classifying the loans as Non-performing assets and to avoid declaring the borrower as a defaulter.
If the customer will be classified as a defaulter, then the bank will have to keep aside the loan amount which will reduce the profits of the bank.
The restructuring programme may be done by the bank in different ways such as changing the interest rate, repayment period, extending the time, changing the installment amounts, etc.
RBI restructuring programme
RBI Restructuring Programme
The RBI had re-opened a one-time restructuring programme under which the bank will be able to let their borrowers to reschedule the payments they need to make or to extend the moratorium period to a maximum of two years.
This moratorium will not be like the last year’s blanket moratorium. The banks will have an option to choose or pick the borrowers who will be eligible to be part of the restructuring programme and based on the bank’s internal appraisal the period of the moratorium will vary.
Types of Loans included in this restructuring programme
Some of the types of loans included in this restructuring programme would include credit card receivables, consumer durables, personal loans and auto loans. The banks also can include a resolution plans for loans such as educational loans, home loans and loans given for the investment in financial assets.
Eligibility
The eligibility criteria for the loan restructuring programme are that the loan account should be classified according to the standards which means that there shouldn’t be any default or pending payments on the installments as of 31 March 2021.
For the individuals who had opted for a loan restructuring programme under the scheme will be provided some relief as well. The RBI has given the freedom for the banks to modify the plans and the moratorium period by 2 years.
The banks will be allowed to reschedule the payments which can be through reducing EMI payment amount which will extend the time period. The banks have also been provided with an option where they can convert interest accrued or the interest which should be accrued into another credit facility.
According to the assessment of the borrower’s income streams the bank will be able to provide a moratorium for a certain period of time. The RBI had conveyed in a notification that there will be no permission provided for compromise settlements.
If the banks are planning to grant the moratorium then it would be for a maximum of 2 years and the moratorium will come into force immediately upon the resolution of the plan.
FAQ
What does RBI mean in banking?
The Reserve Bank of India (RBI) is the central bank of India.
Why is RBI called Bankers Bank?
In India, Reserve Bank Of India is known as the banker’s bank because it acts as a bank for all the commercial banks in India.
Is RBI Public or private?
Reserve Bank is fully owned by the Government of India.
Conclusion
The economic activities in various parts of the countries have come to a stand still as there has been an implementation of the lockdown. Most of the individuals have lost their income streams where the others would have lost their jobs. This will make it harder to repay their loans and this initiative from RBI will reduce the losses of the banks and the financial stress of the individuals.
The Mobile gaming industry has grown rapidly since last year, 2020. Developing a mobile game is much more accessible and requires less budget as compared to PC or console games.
According to statistics, the Mobile gaming industry has grown up to $50 billion. In fact, the revenue through gaming is much higher than those of Hollywood. Mobile gaming is beating the other platforms of gaming with its tremendous responses and revenue. Based on the revenue, the mobile gaming industry is reaching its peak in a very lucrative manner and growing rapidly.
The business model for the mobile gaming industry is very crucial. However, the developers mainly concentrate on the experience of players and optimal authentication. Although managing monetization and experience of the players is quite a handy task and needs proper balancing.
Half of the revenue that comes to the mobile gaming industry is from China, Korea, Japan along with Europe and North America Contributing $6 billion to $7 billion, respectively.
Certain games cost up to $50,000 – $2 million, based on the level of detailing for the UX and great touchscreen experience for the players.
Mobile game developers mainly focus on some key features like direct or indirect revenue assortment, based on the game type.
Now Lets look at The lucrative Business Model of Mobile Gaming Industry
Besides, the mobile gaming industry plays a major role in the app revenue for Google Play Store as well as Apple iOS App Store. With each passing year, the mobile gaming industry is growing with its rapid speed.
As the global gaming market is aimed to reach up to $115 billion by the year, 2018 among which $50 billion of revenue came from the mobile gaming industry.
The question arises, How do they make money? Well, the answer to this question is, through game monetization. These industries tend to develop products that would bring considerable profit to the developers and owner of the copyright. Besides, several business models could bring a good amount of profit to the industry.
Mobile Gaming App Monetization: Variety of Revenue models
The mobile gaming industry has a rich history around and it has grown remarkably. Tetris (prehistoric version) was the very first known mobile game. It was played on a Hagenuk MT-2000 mobile phone in 1994.
However, mobile gaming increased with the launch of Apple’s app store by the year 2007. Several games were introduced which showed major progress for this industry. Games like Angry birds, 2009 and candy crush, 2012 were among the most popular games.
Nowadays, technology has increased so prominently that mobile gaming has been developed more realistic and with great abilities. Also, several other facilities such as live streaming, cross-device synchronisation got acquainted promptly. Several other factors that played in the development and growth of the gaming industry is the growth of social media among the people.
According to a 2018 report, games like candy crush saga and Fortnite earned more than a million dollars of revenue through iPhone alone.
Candy Crush Revenue
Therefore, mobile gaming was fell into two separate sub-categories,
Free Mobile Games
Paid Mobile Games
These monetization models got more developed and complex. The growth of the mobile gaming industry was significant and influenced several creators and developers to fold more profit through gaming.
For Apple or Android users, there are approximately 800,000+ games to access. This could be calculated as the total mobile apps, 30-40% are games.
There is literally democratization of gameplay among the consumers and distribution among the creators. With the development of mobile devices, games are also being developed for a better experience of gameplay. Also, developers have provided several compelling apps together with the features of devices to gain a better service of the game.
According to the facts, Mobile gaming participates in up to 75-90% of the revenue for iOS App Store and Google Play Store. While calculating gamers around the globe, there are billions of them. The Apple App Store and Google Play Store runs technically by the diversification of games.
Assorted strategies for the monetization of the mobile game app
There are several methods to monetize your mobile game app, that includes:
Freemium
Free to download and play,
Offers microtransactions, in-game purchasing and,
Examples- Candy Crush Soda Saga, Clash Royale and Fortnight Battle Royal
Microtransactions
Microtransactions
Permit for additional virtual goods purchasing
Various in-game purchasing like increasing players power, cosmetics or speed up within the game and,
Examples- roleplaying game as player purchasing game.
Microtransaction is mainly for those devoted players who always search for more developed goods. In-game purchasing is usable otherwise. Microtransaction is a crucial step for mobile game apps and it needs to develop sincerely and promptly. Designing Microtransaction is very necessary to balance the competition among the players and make them feel needy for the purchasing to function in the game.
FAQ
How do microtransactions work?
A microtransaction is a business model where users can purchase virtual items for small amounts of money. Microtransactions often appear in free-to-play games.
How big is the mobile gaming industry?
In 2020, the mobile gaming content market in North America was worth an estimated 25.2 billion U.S. dollars.
What percentage of gamers are mobile gamers?
62% of people are mobile gamers and 78% of gamers are Android users.
Conclusion
With the rapid growth of the mobile gaming industry, it’s no doubt that it would lead the gaming industry soon. During the pandemic, more people have become reliant on mobile devices for gaming. It is growing with great outcomes and revenue. The statistics for the mobile gaming industry has also shown great results up to $50 billion. Therefore, it’s likely to say that the mobile gaming industry is rising to its peak with some advanced features in hand.
The coronavirus pandemic has led mostly all the companies to ask their employees to work from home. This was not possible few years back but now it is a reality. Recently, Google had announced about it plan for a new working policy for its employees. Let’s look at Google’s new working policy and the effectiveness of it.
Sundar Pichai who is the CEO of Alphabet and Google has announced a new working policy for the company’s employees that is a hybrid model. The new working model will allow most of the employees to work out of their office for 3 days in a week and the rest employees to work remotely every day.
As the company is shifting to the hybrid work week model the company is expected to provide employees with more choices which include more global locations and remote work.
According to the model, around 60 % of the Google’s employees will have to come to the office at least a few days a week, the other 20 % will work in new locations and the final 20 % of the employees will be able to work from home.
Sundar Pichai conveyed in a blog post that majority of the employees would want to be on campus sometime since Google’s campus has been at the heart of their community. He added that still some of the employees would like to have the flexibility of working from home or spending time in another city for a part of the year or some would even prefer moving there permanently.
He said that Google’s workspace in the future would have enough freedom for its employees to explore all these possibilities.
The main focus of the hybrid model is that the employees will get an option where they can work in the office for about 3 days in the office and for the rest 2 days, they will get an option to work from where they would prefer working from.
He added that it may vary according to the roles of certain employees as the job would demand them to be on-site for some projects.
The company is expecting to provide access to employees to choose from the options such as being able to apply to move to another office by the mid of June. The company is also planning to offer opportunities for the employees to apply for a complete work from home option.
In an effort by the company to allow more flexibility, the employees will get an option to temporarily work from another location which would exclude their main office for up to 4 weeks in a year. This would be possible only if there is an approval.
Google is said to always have been the leader when it comes to working conditions and practices related to people said Sandeep Das who has worked as a Strategy Consultant with Pricewaterhouse Coopers, Marico and Accenture. He added that the other companies will have to follow them.
He added that he finds Google’s model more effective, sound and realistic as its main focus is flexibility and choice with reducing the time for transportation of the employees, collaboration at work, time to log off and also the control over an individual’s life.
He adds that this would let working women continue their work and build their career and not to drop off in between their careers.
Bhavna Dalal, leadership development specialist and executive coach to Bloomberg, American Express, Google, HSBC, Oracle and Morgan Stanley said that in the long term there will be an improvement in the productivity when individuals choose to work from a place or surrounding which makes them feel comfortable and the best.
FAQ
What does hybrid work mean?
A hybrid team is a flexible work structure where some employees work remotely and other team members work from a central location or office.
Who is the CEO of Google 2021?
Sundar Pichai is the CEO of Google 2021.
What are the benefits of hybrid working?
A hybrid workplace helps keep employees safe during the pandemic, Also it eliminates the time consumed in commuting during peak hours.
Conclusion
Work from home will soon become the new normal as not only Google but many other companies are working towards finding the possibilities of continuing it even after the pandemic. Companies such as Infosys, TCS and Spotify have already begun testing the possibilities of these hybrid working models.
Forbes which is one of the biggest business magazines is said to be acquired soon. There have been exclusive talks between Forbes Magazine LLC and GSV Asset Management in acquiring the former company. Let’s look at the deal between Forbes Magazine LLC and GSV Asset Management.
According to people with knowledge of the matter, Forbes Media LLB has entered into the deal which will lead to acquiring the company by GSV Asset Management which is led by Michael Moe. The deal will increase the valuation of Forbes Media by more than USD 600 million.
Some people who requested anonymity in their names as the information was private said that the transaction between the company is not yet finalized but is expected to come to an agreement in the coming months.
A spokesman of Forbes Mathew Hutchinson said in a statement that they have no comment but have seen the investors in showing consistent interest in the company that has produced 3 years of record results. A GSV Asset Management representative had declined to comment on a statement that said 2021 is shaping to be a strong year as well.
Forbes is an American based business magazine. The company was founded in the year 1917 which is based in New Jersey, United States. The magazine features original articles on the topics such as industry, investing, finance, marketing, etc.
The company also provides reports on related topics which include communications, technology, politics, law and science. The magazine was founded by Bertie Charles in the year 1917 and later the company prospered under his son Malcolm.
Later the company was taken over by Malcolm’s son, Steve who was the Chief Executive Officer and the President of Forbes and also the editor in chief of the magazine in the year 1990. The company is also involved in operating events. The brand has a worldwide reach of around 140 million people.
In the year 2014 Forbes Magazine was acquired by a Hong-Kong based company which is whale media Investments. The company owns the majority stake of 95 % in Forbes magazine and the Forbes family owns the minority stake of 5% in the company.
GSV Asset Management portrays itself as a merchant banker which advises and invests in a wide range of businesses. The founder of GSV Asset Management is Moe who was a veteran of Silicon Valley and later grew to become an equity research analyst.
The company’s website indicated that the firm is a multi-product asset management firm that is devoted to finding and aligning the fastest growing and the most dynamic businesses across the globe. The term GSV stands for Global Silicon Valley.
FAQ
Who is the founder of Forbes?
Bertie Charles founded Forbes in 1917.
Who owns Forbes India?
Reliance Industries owns Forbes India.
Who was Forbes?
The company was founded in 1917 by Bertie Charles Forbes and was taken over by Steve Forbes in 1990.
Conclusion
It is to be noted that Forbes Media isn’t the only media company for sale Even Tribune Publishing is said to in between a bidding war with Hotel Magnate Stewart Bainum and the hedge fund Alden Global.
SoftBank Group Corp. is a Japanese global conglomerate headquartered in Tokyo. The SoftBank Group has launched SoftBank Vision Fund, the world’s biggest innovation-centered investment finance, with over $100 billion in the capital. In this article, we have discussed SoftBank, Its Vision, Its Stakes Possession, SoftBank Vision Fund, SoftBank’s Vision for India, Its Marketing Strategy, etc.
SoftBank Group Corp. is a Japanese global conglomerate headquartered in Tokyo. SoftBank was positioned in the Forbes Global 2000 list as the 36th biggest open organization in the world, and the second biggest organization to be traded in Japan’s open market after Toyota. The organization possesses stakes in top technology companies like Softbank Corporation, Softbank Vision Fund, Arm Holdings, Fortress Investment Group, Sprint, Alibaba, Uber, and many more.
SoftBank – Softbank Vision Fund
Softbank Vision Fund is the world’s biggest innovation-centered investment finance, with over $100 billion in the capital. The organization is known for its initiative backed by originator Masayoshi Son. The Fund presently has its fingers in broadband, fixed-line broadcast communications, web-based businesses, innovation administrations, media and advertising, and other domains.
Softbank Vision Fund
SoftBank Vision Fund is a subsidiary of the conglomerate Softbank Group. The company is specialized in growth capital and social impact investments that revolve mostly around software companies. Mostly, the funds are invested in latest technology sectors such as IoT, AI, Robotics, Communications Infrastructure, Telecoms, Computational biology, Biotech, Cloud Technologies and Software, Consumer Internet Businesses, FinTech, and Mobile Apps. The Fund is designed in such a way that it’ll be a catalyst for technology progress in anticipation that it will expand SoftBank’s capabilities, accelerating progress towards SoftBank 2.0.
It also aims to invest in businesses and foundational platforms that SoftBank believes to revolutionize and innovate the world tomorrow.
SoftBank – Name, Logo & Tagline
The SoftBank logo derives from Kaientai, a maritime exchanging organization that existed during the end of the Tokugawa shogunate.
Softbank Corporation Logo
SoftBank – Marketing Strategy
The Softbank group uses an effective and smart “4P” marketing strategy to carry out its business across multinational market places. Here’s a description of the 4P model used by SoftBank:
Products & Services
SoftBank deals in money, broadband, semiconductor structures, innovative administrations, broadband and what not. Softbank also has prominent wind power plants, sun based power plants, and other energy generation sources. It is a conspicuous player in the residential telecom showcase in Japan which incorporates closeout of mobiles, repaired line telephone utilities, and information correspondence.
It additionally furnishes benefits in relationship with Yahoo Japan and “IBM Watson”, a cell phone application grown together with IBM Japan. As an internet provider, Softbank offers different choices, for example, web through optical strands. Softbank Air is a popular web information administration service offered by the behemoth. Before the dispatch of iPhone 4s, SoftBank was the main iPhone bearer in Japan.
SoftBank offers a different worth which includes evaluating arrangements to serve its purchasers the best. Softbank has a wide extension to utilize these strategies exceptionally, particularly in the telecom and web advertisement domains where it has different contenders like NTT and AU. Since Softbank faces escalated rivalry from its rivals, its valuing relies on relative market evaluation. Softbank uses packaging techniques to value its administrations higher. This concentrates the vast majority of the purchaser’s excess. It likewise uses worth estimating and has presented worth packs that are charged for the value conveyed.
Place
SoftBank works through wholesalers and retailers far-reaching the nation over. Through its wide chain of selective stores in shopping centers and commercial spaces, it draws in a wide range of buyers. Being a multi-year old organization, Softbank has a huge shopper base. It reaches its customers through online store and cell phone applications. Softbank additionally finds certain stores on its site that use staff proficient in English for engaging with its global clients.
Promotion
SoftBank has top-notch advancement systems in its advertising mix to connect with buyers, particularly those concerning mobiles. It gives complimentary wireless internet at different bistros and railroad stations to expand its perception and image in the market. It gives enormous accentuation on ads distributed in papers, magazines, online networking, and TV.
Here are the other Ps to make it the promoting blend of Softbank.
People
The Softbank gathering is profoundly reliant on its workers since they are the main impetus of the organization. They have utilized 69154 representatives since 2016. The essential spotlight is on worker commitment. And this in turn ensures client satisfaction. Since the well-being and security of the workers legitimately impact their exhibition, the organization guarantees the equivalent.
Procedure
Procedures in Softbank are completed in the most transparent manner. The website helps clients purchase the administrations they are interested in. The point-by-point guidance makes it simpler to perform the purchase procedure. Moreover, client care services assist the client with all sorts of questions and challenges.
SoftBank had a solid beginning to the 2020 budgetary year, accomplishing income increments over the entirety of its portions and including Yahoo Japan as a combined backup to its business. This brought its income to about ¥1.16 trillion.
The buyer section i.e. the center business of SoftBank, expanded its income to around ¥658 billion, an expansion of over ¥22 billion. The portion’s telecom administration incomes expanded by 6.2% year on year to ¥528 billion. Inside its telecom administration incomes, versatile interchanges income expanded by ¥23 multi-year on year to ¥423 billion, with the addition essentially credited to increments in cell phone supporters and a decline in the month to month limits for its Ultra Giga Monster Plus plan. This plan isolates handset installment and administration charges.
Softbank’s Growth Over The Years
SoftBank revealed it had 22.5 million shopper cell phone supporters during Q1 2020 compared to 20.7 million in the same quarter of 2019. Its venture fragment went from winning ¥148 billion to ¥154.5 billion in income year on year. This included versatile income which expanded by 4% to ¥68 billion, fixed-line income which diminished by 6% to nearly ¥49 billion, and other income that expanded by around 24% to ¥37.5 billion.
The increments in the portable and business arrangements incomes were because of bounces in cell phone endorsers and deals from cloud administrations. Fixed-line incomes diminished because of the unit cost of telephone utilities became cheaper. The endeavor portion’s working pay was ¥28 billion, a 17.7% expansion.
Yahoo Japan, the new section that was solidified into SoftBank budgetary outcomes, had its income bounce from ¥226 billion to ¥235 billion, a 3.3% expansion year on year. Of this, trade income expanded by 4.8% year on year to ¥165 billion, media income stayed relentless at around ¥72 billion, and other income diminished by 13% year on year to around ¥1.4 billion.
The expansion in trade income was predominantly because of an elevation in income-related with an increment in exchange, an incentive in business administrations. While Yahoo Japan’s income expanded over the previous year, its working salary dropped 8% because of ventures geared towards growing its online installments stage.
The purpose of making Yahoo Japan a solidified backup, SoftBank stated, was to reinforce its association with Yahoo Japan in the making of such new organizations. “The two organizations will upgrade the administration assets designation dependent on a coordinated methodology that empowers them to expand cooperative energies,” it said.
Its appropriation fragment—which offers items and administrations essentially tending to ICT, cloud administrations, and IoT arrangements—hopped from ¥92 billion to ¥116 billion, up by 26% year on year. This was for the most part due to firm offers of existing items, for example, PCs and servers, notwithstanding an expansion in the number of licenses for cloud administrations. The conveyance section’s working salary was nearly ¥5.3 billion, an expansion of 32% year on year.
Altogether, SoftBank’s working salary was ¥269 billion, up by 22% from the year-earlier.
The expansion was fundamental because the Japanese combination was encountering relentless development in its different telecom organizations; the working pay of its telecom organizations over the Consumer, Enterprise, and Distribution sections was expanding by over ¥20 billion altogether. With another solid execution in its Q1 2019 outcomes, the Japanese aggregate proceeds with its upward direction, having expanded its working pay by 81% for FY 2018 contrasted with FY 2017. The gigantic bounce was driven by the SoftBank Vision and Delta Funds which dramatically multiplied the working pay.
SoftBank likewise declared a second SoftBank Vision Fund a month ago, comprising of $108 billion (¥11.7 trillion) in reserves.
SoftBank Vision reserve was set up in 2017 with an all-out corpus of $100 bn. The majority of this vision reserve was raised from Saudi Arabia and Abu Dhabi. The organization has put around $10B so far in Indian new businesses.
Softbank’s Vision For India
SoftBank has seen an 80% year-on-year development in its working pay for FY 2019. The Son-driven organization ascribed this development to an unrealized addition of about $12.5B from its interests in ride-hailing organization Uber, Indian accommodation organization OYO, and other portfolio organizations. In general, its interests in Flipkart and OYO were responsible for an addition of $2.7B, split among acknowledged and unrealized increases.
The closeout of SoftBank’s offer in the Indian web-based business goliath Flipkart brought about the addition of $1.3Bn for the Japanese organization. Flipkart was purchased by Walmart for $16B in August 2018. OYO’s valuation has expanded to $1.4bn in FY 2019. SoftBank’s other key interests in India include Ola, OYO, Hike, Paytm, FirstCry, Grofers, Delhivery, and Paytm Mall. Not long ago, SoftBank was said to be pondering on the first stock sale of its $100B SoftBank Vision Fund.
SoftBank Group Corp. started out in 1981 as a distributor of computer software. As software is called “soft” in Japanese, the name “SoftBank” literally means “a bank of software.” The word “bank” was chosen based on the company’s grand aspiration to be a key source of infrastructure for the information society.
Who owns SoftBank?
SoftBank’s founder and CEO, Masayoshi Son, is the third-richest person in Japan, with a $20.6 billion personal fortune. He owns $45 million worth of real estate in Tokyo as well as a $117.5 million estate in Silicon Valley.
What is SoftBank Vision Fund?
Softbank Vision Fund is the world’s biggest innovation-centered investment finance, with over $100 billion in the capital.
What Marketing Strategy does SoftBank follow?
The Softbank group uses an effective and smart “4P” marketing strategy to carry out its business across multinational market places.
SoftBank – Conclusion
SoftBank Vision Fund is a part of the multi-national conglomerate Softbank Group. The company is specialized in growth capital and social impact investments that revolve mostly around software companies. It also aims to invest in businesses and foundational platforms that SoftBank believes to revolutionize and innovate the world tomorrow.
CEAT is an Indian based Tyre manufacturing company. The company is owned by the RPG group. The CEAT company was founded in Italy in the year 1924. The company has its headquarters in Mumbai, India. CEAT is considered to be the leading tyre manufacturer in the country with a global presence.
CEAT manufactures tyres for trucks, busses, passenger cars, two wheelers, earth movers, light commercial vehicles, tractors, auto rickshaws and trailers. Let’s look at the reason behind the growth of the company’s profit even though the driving and riding of vehicles in the country has reduced.
On 4 May 2021, CEAT Ltd which is a company under RPG group had announced that the company has achieved a net profit of INR 132.34 crore during the Q3 which was ended on 31 December 2020. The net profit has been reduced to around 27.35 % when compared to the previous quarter of the same fiscal year.
The company had achieved a net profit of INR 182.8 crore in the Q2 of this fiscal year. CEAT Ltd has seen an increase in its revenue from operations for the Q3 of this fiscal year of INR 2,221 crore when compared to the Q2 of the fiscal year which was INR 1,978 crore.
When compared to a year-on-year basis the profit of CEAT tyres has seen an increase by INR 152.07 % compared to the previous year’s quarter’s INR 52.5 crore. The revenue from operations has also seen an increase on the year-on-year basis of around 26.08 %. The revenue from operations in the previous year was INR 1,761.77 crore.
Kumar Subbiah who is the CFO of CEAT Limited conveyed that the Tyre manufacturing industry is facing an increased demand with a robust demand in the replacement market. He added that the growth of the company in the last quarter of this fiscal year will largely be because of the demand by the replacement market.
He added that the company despite having a not so good quarter has grown the most in past nine months when compared to the same period during the last year. Compared to last year, the quarter 2 of this fiscal year has seen a growth of around 14 % and around 27 % in quarter 3 compared to the last year’s quarter 3 growth.
Kumar Subbiah said that for the Q4 the company is expected the demand to increase in most of the categories. He added that in the OEM sector the demand for some categories has come down after the festival season.
The company wants its growth to be driven largely by the replacement market which should be followed by the OEM. He said that around 15 % of the company’s revenue comes from exports, around 60 % through the replacement market and around 30 – 35 % from the OEM sector.
The company said that going forward it would be looking to focus on the passenger sector which will be completely on the passenger car and two-wheeler tyres.
He said that the company’s investment in Chennai and Nagpur factories is completely concentrated and directed towards the passenger segment.
Focus Markets of CEAT
The company said that it would focus on the North American and the European market in the coming years. The CFO added that the company’s presence in the European market has been increasing and the company is working towards increasing its presence in North America.
He added that there are a lot of queries from different countries that are looking to reduce Chinese manufacturers and enquiring whether India could start producing it locally and supply the required tyres to them. He added that, India is in a great position to take the advantage of the situation.
FAQ
Where are CEAT Tyres made?
Ceat tyres currently has 4 manufacturing facilities at Bhandup Nashik Nagpur and Halol and is setting up a new facility near Chennai.
When did RPG acquire Ceat?
RPG group acquired CEAT Tyres of India in 1981.
Who is Radha Goenka?
Radha Goenka is the Director at RPG Foundation.
Conclusion
CEAT had planned to invest around INR 800-900 crore this fiscal year but due to the global pandemic and the slowdown of the economy they had to cut it down to INR 550 – 600 crore. The company is planning to spend more in the next fiscal year as there is some traction and the sales are expected to increase this year.
