Reliance Industries which is led by Mukesh Ambani has recorded a rise in its profit of up to 35%. Reliance is one of the leading companies in the oil and telecom sector in the country. The telecom sector has been growing under the brand name Jio and had created a disruption in the market at the time of its launch. Let’s look at the financial results of Reliance Industries for the end of the financial year 31 March 2021 and the reason for the rise in profits.
Reliance Industries is an Indian based multinational conglomerate. The company was founded in the year 1973 and has its headquarters located in Mumbai, India. The company provides services across the globe and is the largest publicly traded company in India.
Some of the products and services of Reliance Industries include Petroleum, Natural Gas, Textiles, Petrochemicals, Telecommunications, Retail, Television, Media, Entertainment, Financial services, Music and Software.
Reliance Industries owns a lot of subsidiaries which include Jio Platforms, Reliance Retail, Jio Payments Bank, Reliance Petroleum, Alok Group, Network18 Group, Reliance Foundation and the IPL team Mumbai Indians.
Reliance Industries which is an oil to telecom conglomerate reported a rise in its profit for the end of the year which ended on 31 March 2021 of about 34.7 % increase at INR 53, 739 crores. The company led by Mukesh Ambani had seen a net profit of around INR 39, 880 crores at the end of the previous financial year 2020.
The revenue generated by the company for the FY21 is around INR 5.39 lakh crore which is around 18.3 % lower than INR 6.60 lakh crore. Total income of the company reviewed under the fiscal fell around 20% from INR 6.26 lakh crore to INR 5.03 lakh crore which was recorded at the fiscal which ended on 31 March 2020.
This was conveyed by Reliance Industries on 30 April 2021 during a Regulatory filing. There was also a decline of around 4.6 % in the FY 21 in the Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of the company which stood at INR 97, 580 crores.
The cash profit for the fiscal under review has seen an increase of around 18.8 % which stood at 79, 828 crores.
The net profit of the company for the March quarter of FY 21 had seen an increase of around 129 % year on year from INR 6, 546 crores to INR 14, 995 crores. The revenue for the quarter had also seen an increase of around 13. 62 % compared to the previous year from 1.52 lakh crore to 1.72 lakh crore for the current year.
The EBITDA of the company during the March quarter of FY21 saw an increase of 1.9 % month on month which was around 26, 602 crores. The cash profit of the company had seen a rise of around 6.5 % for the quarter ended on 31 March 2021 which is INR 22, 746 crores.
Reliance Industries had said that its non-convertible debentures (NCDs) outstanding as of 31 March 2021 were around INR 66,665 crore in which INR 13,351 crores are secured non-convertible debentures.
Reliance further added that the secured non-convertible debentures of the company which is recorded at INR 13,351 crores for the year ended 31 March 2021 are secured through movable properties by the way of its first charge.
Mukesh Ambani who is the chairman of Reliance Industries conveyed that they have seen a vigorous growth in the O2C and retail segment of the business and a strong growth in the Digital Services in their business.
The growth of O2C earnings was supported through the sustained high utilization rates across sites, transportation fuel margins as well as improvement in downstream products deltas. He added that during these challenging times the consumer business of Reliance Industries has proved to be a physical and digital lifeline for the nation.
FAQ
What is the annual profit of Reliance Industries?
The annual profit of Reliance Industries is 1,15,461 CRORE.
How many companies Mukesh Ambani have?
Mukesh Ambani have 7 companies under him.
Is Jio under Reliance Industries?
Yes, Reliance Industries wholly owns subsidiary of Reliance Jio Infocomm.
Conclusion
Mukesh Ambani-led Reliance Industries has added around 75,000 jobs during the Covid pandemic while ensuring the health and safety of the employees. Reliance Industries also announced a dividend of INR 7 per share.
Pandora which is the world’s biggest jewelry maker said it will no longer sell mined diamonds and will focus on laboratory made diamonds. Pandora is said to ditch the mined diamonds for the diamonds grown in the lab. Let’s look at what exactly is lab diamonds and the reason for Pandora to use Lab Diamonds in the future.
Pandora is a jewellery manufacturer and a retailer company. It was founded in the year 1982 and has its headquarters located in Denmark. The company has around 7,090 locations with its service spread across the globe.
The company is known for designer rings, necklaces, charm bracelets and watches which it discontinued lately. The company has a production site in Thailand and markets its products to more than 100 countries in 6 different continents.
On 4 May 2021, Pandora announced that it would remove the mined diamonds from its glass cases and would concentrate on selling the diamonds that are generated in the labs. This is considered as a pointed move from an industry that is dependent on scarcity for value and consumer demand for sustainability and ethical sourcing.
The sentiments of the younger buyers who are more likely to focus on the environmental factors and the concerns regarding human rights before purchasing the products with the changes in the market due to the coronavirus pandemic has led Pandora to shift into man-made diamonds which is easy to be produced at a fraction of time and cost.
The chief executive Alexander Lacik said that this is the right thing to do and said that they are focusing on becoming a low carbon business. He added saying that he has 4 children and that he would leave the earth someday. He says that the step taken by the company is to try to leave the earth in a better shape than the one created in the last 50 years.
In the United States and especially in countries such as China and India, younger consumers have said that one of the important factors they consider in their decision-making process is sustainability and the added saying that this factor would be an influence while deciding on the purchase of jewellery.
Difference between Lab grown and Mined Diamond
What are Lab Diamonds
Pandora claims that its lab grown diamonds have the same physical and chemical characteristics compared to the mined diamonds. They are also graded based on the carat, clarity, colour and cut. The lab diamonds are created in hot pressurized chambers which would require a lot of electricity.
The diamonds can be produced in a week’s time and can be produced within one third of the mining price. Even though it uses a lot of electricity this method is considered sustainable as the mined diamonds that are pulled from the earth would take centuries to form.
Stephen Morisseau who is a spokesman for a non-profit institution called Gemological Institute of America said that both the diamonds natural and the diamonds grown in the laboratory have a place in the market that is based on the consumer choices and preferences. The Gemological Institute developed the international diamond grading system.
He added saying that both natural and diamonds grown in the laboratory are diamonds and while they are not exactly identical, they share the same optical chemical and physical properties.
According to a report from Antwerp World Diamond Centre and Bain & co the retail diamond industry has a valuation of around USD 64 billion which has pushed back against the synthetic diamonds. As the diamonds grown in the laboratory are considered to be a threat to the scarce real diamonds which are highly profitable.
But the lab made diamonds are significantly considered to be less expensive. Compared to the real diamonds the lab grown diamonds are less costly as much as one tenth of the cost. This interests the younger customer base due to the concept of affordability.
In the year 2020 the production of lab grown diamonds had reached to the rate of up to 6 million to 7 million. This led to the fall of retail diamond prices where the wholesale prices remained stable in the markets concentrated in the United States.
If there is a further price drop for diamonds, lab grown diamonds would be opened up for a broader range of consumers from all income groups and diamonds would move from a luxury category into the fashion category making it more affordable.
FAQ
Do lab grown diamonds have resale value?
Lab-created diamonds have very little to no resale value.
Do lab grown diamonds last?
Lab diamonds as durable as natural stones, but they’re also chemically, optically, thermally, and visually identical to mined diamonds.
Can you resell a lab grown diamond?
Yes, you can resell a lab grown diamond.
Conclusion
Pandora’s diamonds are being produced using more than 60 % of renewable energy and they claim that with a global launch it would reach up to 100 % renewable sources for manufacturing of diamonds. The company is expecting to reach carbon neutrality by 2025.
You’re totally into the movie that is streaming online and at the exact time of the climax, the server goes down. Doesn’t seem a good thing to anyone.
Now think for once if it happens in case of your website when audiences are looking for something then the site goes down. Bamm.
For avoiding this situation, let me introduce you to Better Uptime by Appsumo. It will help you by giving information as your website goes down and save your visitor from getting disappointed.
Better Uptime is the best online uptime monitoring tool launched by Appsumo that gives you an alert when your website goes down and also provides a screen image of that downfall on your site with errors for debugging.
You can’t just stay on your website to track loopholes and downtime and also don’t get enough opportunity to get the exact information of how, when, and why your site went down.
What could be better than something’s always up for keeping an eye on your website on your behalf?
Yes, you read it right. Better Uptime works as a Right Hand for website creators and web agencies who are in search of a dependable and trustworthy monitoring tool to keep their site status on top.
Better Uptime is the fastest website monitoring tool that you can rely on completely and as soon as it finds any error or downtime it notifies you with the solution to fix the bug by providing screenshots and a detailed event timeline of errors to keep you in the pace.
Alerts you through different modes
There are times when your site goes down and you didn’t even realize it. Now Better Uptime is always there to instantly notify you when the site shows downtime via calling your designated member, through email, Slack, or SMS.
Make on-call duty scheduling easy
When you own a website it is your responsibility to take care of it and assign the job to your team. Better Uptime makes it easy for you to schedule the on-call duty to your staff who can debug the errors, as per your preferred calendar application.
And it helps in placing an attendant who can resolve the problem arisen by a customer who is facing a problem on your website.
Multi-location check in 30 seconds
Better Uptime pings you in every 30 seconds the fastest and mostly browsed HTTP(s) from different locations covered under South America, North America, Europe, and Australia.
Simultaneously, it also renders the option of Heartbeat Monitoring using the best CRON Scripts and background jobs to protect your database in the long term.
Integrated with more than 100 apps
It comes as a golden token with Better Uptime as it integrates with more than 100 applications that you use in the daily routine of business like Datadog, New Relic, Zendesk, Grafana, Heroku, and many more.
It also helps in enhancing your website experience but also gives you complete control over every activity on the website and communicates when your website needs something that is needed to be instantly taken care of.
Creates a Branded Public Status Webpage
With Better Uptime, you can create a Branded date public status webpage to stay connected with your customers in very good terms. Also, it gives alerts about new products and services from time to time to make sure that you’ll never lose the trust and reliability of your customers.
Following review is collected by popular review website Capterra and g2:
Overall Rating – 4.4/5
Ease of Use – 4.3/5
Customer Support – 4.4/5
Features & Functionality – 4.3/5
Feeling worried about your site going down without having any information about it.
Better Uptime is here for you to snatch all your worries about downtime of your website as it not only notifies you but also sends you a notification when something goes wrong via calling, messaging, email, and slack to your expert team member by giving screenshots of the error occurred and proper solution with a brief event timeline.
Better Uptime is an amazing online tool by Appsumo that notifies you in monitoring when your website goes down by providing screenshots and faults for debugging.
Does Better Uptime integrate with other applications?
Yes. Better Uptime blends with more than 100 applications to make your work flexible.
What ways Better Uptime uses to notify you when something goes down?
Better Uptime gives you a notification via Call, SMS, email, and slack messaging.
Is there any free plan available?
Yes. There is a free plan.
Do Better Uptime provides the facility of status pages?
Yes. It provides the option of creating status pages to connect with the audience more efficiently.
Conclusion
Better Uptime is the most reliable online website uptime monitoring service rendered by Appsumo. Whenever something goes wrong or your site goes down, Better Uptime gives you an alert instantly via text, email, phone call, and slack messaging system.
It also gives a perk by providing on-call duties scheduling thing which you can take advantage of using your favorite calendar applications.
Plus, the cherry on top in the case of Better Uptime is that integrates with 100+ online applications to enhance your work experience.
Do you know that you can dial a scooter ride today in the US just like an uber or yellow cab ride? Scooters are becoming the new and fun way to move around in some of the major American cities.
Frankly, the scooters are fun, inexpensive, and convenient. They are more compact than bikes and are easier to store. They zip away fast and are fun to ride.
Furthermore, they don’t get stuck in traffic as they are tiny compared to vehicles. They zoom in and out of traffic and whiz past the human traffic. They are slower than cars but a lot faster than walking.
There is an outpouring of emotion for scooters, both for love and hate, among the American cities. The sentiment is an expression of a rising need for affordable and faster transport within the cities. Evidently, with the considerable traffic snarl-ups, cars are no longer that first option.
Are you wondering if they are safe? Or if they are worth all the commotion? Are you pondering if they get charged or fueled? Here! Grab the hand grips and let’s scoot!
The Dawn of Automotive Scooters in US Cities
chargeable Scooters suddenly invaded significant towns and cities in the US like a swarm of ground–eating locusts. Without any warning, they were everywhere; on the sidewalks, pavements, and weaving in and out of traffic. It was like a scooter rupture, pouring out thousands of them in all sizes and colours.
Scooters first made their presence felt in major American cities in 2018. Now they are everywhere. In 2021, they are operating in 65 of the major American cities: San Francisco, St Louis, Santa Fe, Chicago, New Mexico, and Oklahoma. Yet, they are still ravenous for more cities.
Scooter companies are hungrily eyeing the ultimate price, New York City. So, automotive, if scooters have not rolled into your city yet, prepare the red carpet. They are coming.
What is an Automotive Scooter?
Consequently, a 2018 survey showed an outpouring of passion for and against automotive scooters. Over 60% of the people in the ten cities where the survey was carried including, Atlanta, Denver, Chicago, Los Angeles, and San Francisco, showed a positive attitude towards the automotive Scooter.
As per the Scooter Guide, the remaining 40% viewed it as a menace eating up sidewalks and pavements and even public parks. It means if they were well organized, their attitude would also turn positive. More compact and balanced, automotive scooters are a more admirable alternative transport form.
Furthermore, they can fold more quickly and are therefore fun to store. Scooters zip around faster and more smoothly, taking you where you want to go in no time.
Renting Automotive Scooters in the cities
Scooter companies are operating in varying degrees in 65 cities in the US. Almost no laws regulate automotive scooters, and some towns want to draw up regulations to control them.
Scooter renting Companies are simply trying to solve a problem: getting where you want to go quickly and affordably. They have therefore come up with renting out the automotive scooters. That way, whoever wants a ride can get one.
So, whether you will work for an outing or sending your kid to school, an automotive scooter ride gets you there cost-effectively and on time. Furthermore, it is a fast way of prying your kids off their laptops, iPods, iPhones, and tv to go and play with their friends.
The charges for the automotive scooters are so affordable that no one is left out. At 15 cents for 20 minutes, you can get yourself a ride. Those charges are, by any standard, affordable.
Moreover, when you are done, you can leave the Scooter somewhere public as long as you don’t block traffic. Isn’t this amazing! Since cost is very affordable and the experience is excellent, Scooter’s worst critics can take a ride and end up as loyal customers.
Choosing Your Automotive Scooter Ride
The Scooter renting companies are simply rebranding existing models and customizing them to withstand the hustles of the rental movement. Among other companies, the Segway partnered with Bird to produce the next generation model of automotive scooters. Bird also rents out their scooters.
There are Scooter renting facilities in Illinois, Colorado, Kentucky, Oklahoma, New Mexico, Texas, Houston, and St Antonio, amongst other 65 major cities in the US.
It takes several of these hogs for a spin, and you will agree with me that the Unagi E500 is one of the best scramblers on the market. It’s large with bright colours and easy-to-use controls. An in-built horn and conspicuous head and tail lights add to the elegance.
The Unagi is getting off their scooter rental services in some major. Towns including Los Angeles and the city everyone is eying, New York. Once you sign a contract, you will receive a Scooter you will use for the agreed time at an agreed cost of roughly $34 a month.
You can also choose the Segway Ninebot KickScooter Max. This one weighs a good 40 pounds more than the average model. This one will go that distance for you as its battery is double that of most models and will last up to 40 miles while charged.
Furthermore, the hill is a walk in the park for this one.
Enjoying Your Segway Scooter Ride
It’s effortless to get a two–wheeler ride and swing across town at ten to15mph. You will slower than ordinary traffic so doesn’t go to the main roads!
Use pavements and sidewalks. If you are still fresh, you might knock into people or walls but done, don’t worry. Nobody has ever died from a scooter accident. At worst, you just get some Bruises. You can hire this or any other model of your choice. Some are just a phone call away, while others like Lime, Spin, and Skip, among many others, use apps just like Uber for their customers. And their customer base is widening fast to give the cab a run for their money.
Just call your local Scooter Rental Office if you want to enjoy a ride. Call a dealer if you’re going to buy one. They will have it delivered at your door or tell you where to pick one.
The fun part, you most likely won’t have to return it. You park it in a public place, and they can collect it or send a new customer to pick it.
Final Thoughts
While n automotive scooter ride is fun, easy, and enjoyable, many American cities are yet to come to grips with the sudden appearance and prevalence of these two-wheeled mini -bikes.
Most Scooter companies encourage an aggressive attitude in the riders, which clashes with the rest of the town population.
Most importantly, the towns and cities with scooters have to develop legislation that says who has the right to the pavements or the walkways; Man, Bike, Scooter, or all of them?
Finally, Cities like New York are lucky to know that the Scooter tide is coming before it gets there. So, they can put good laws in place because the scooter tide is a good one. It will only become a menace if it’s not controlled.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved bySerum Institute of India.
India has reported more than 19 million cases since the pandemic started, second only to the United States. There have also been over 200,000 deaths recorded. A total of 150 million vaccine shots have been administered, covering 11.5 percent of India’s 1.3 billion population. Serum Institute of India is India’s leading biotechnology firm, producing highly advanced life-saving biologicals such as vaccines, antisera, and other medical specialties using cutting-edge genetic and cell-based technologies. Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals
Serum Institute of India Pvt. Ltd. is now the world’s largest vaccine manufacturer, with more than 1.5 billion doses manufactured and distributed worldwide.
Know the complete Success story of Serum Institute and get a glance on on how Serum Institute started, its revenue, business model, its role in Covid-19 vaccine development, competitors & more…
May 2021 – CEO Adar Poonawalla, who has been in the United Kingdom on an extended stay to avoid alleged threats in India over rising demand for COVID-19 vaccines, has announced that he will return in a few days.
Had an excellent meeting with all our partners & stakeholders in the U.K. Meanwhile, pleased to state that COVISHIELD’s production is in full swing in Pune. I look forward to reviewing operations upon my return in a few days.
Serum Institute of India Pvt. Ltd. is now the world’s largest vaccine manufacturer, with more than 1.5 billion doses manufactured and distributed worldwide, including Polio vaccine, Diphtheria, Tetanus, Pertussis, Hib, BCG, r-Hepatitis B, Measles, Mumps, and Rubella vaccines.
Serum Institute vaccines are administered to approximately 65 percent of the world’s children. The Serum Institute’s vaccines are approved by the World Health Organization in Geneva and are used in over 170 countries around the world as part of their national immunization programmes, saving millions of lives.
The Serum Institute of India uses cutting-edge technology to scan its goods for minute particles that are undetectable by the naked eye. The inspection is completely automated, with high resolution CCD cameras and an electronic monitored panel, reducing the margins of human error.
Tetanus antitoxin, snake antivenom, DPT vaccine, and MMR vaccine were among the first drugs manufactured in large quantities by the Serum Institute of India. Vaccines against bacterial and viral infections, combined vaccines, influenza vaccine, and meningococcal vaccine were added to the company’s product line.
Serum Institute’s mission is to develop high-quality vaccines and make them affordable to a wide range of countries, allowing them to increase their Health Index. The Serum Institute was founded to ensure that vaccines are no longer a privilege for Indian children.
Serum Institute began supplying high-quality, but affordable vaccines to many countries around the world after achieving this aim. International agencies such as the WHO, PATH, NIH, NVI/RIVM, and CBER/USFDA have collaborated with Serum Institute to produce vaccines against Meningococcal A, H1N1 Influenza, Rotavirus, and other diseases.
Serum Institute of India – Name, Logo and Tagline
Serum Institute of India’s tagline says, “Serum – Protection from birth onwards”. The company is the world’s largest vaccine manufacturer and produces vaccines(including Polio vaccine, Diphtheria, Tetanus, Pertussis, Hib, BCG, r-Hepatitis B, Measles, Mumps, and Rubella vaccines) that protect people from birth onwards.
Serum Institute Logo
Serum Institute of India – Founder and History
Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals that were in short supply in India and had to be imported at a high cost.
Founder of SII – Dr. Cyrus Poonawalla
Following that, many life-saving biologicals were produced at reasonable prices and in large quantities, resulting in the country being self-sufficient in Tetanus Anti-toxin and Anti-snake Venom serum, then DTP (Diphtheria, Tetanus, and Pertussis) vaccines, and finally MMR (Measles, Mumps, and Rubella) vaccines.
Vaccines against bacterial and viral infections, combined vaccines, influenza vaccine, and meningococcal vaccine were added to the company’s product line. Apart from vaccines, the company also produces antisera, blood plasma, and hormones. The Serum Institute of India’s vaccines has been used in international vaccination programs run by the World Health Organization (WHO), UNICEF, and the Pan American Health Organization as of 2014. (PAHO). The Poonawalla Group now runs the Serum Institute of India, which is involved in research, production, and manufacturing.
In 2009, the company started working on a swine flu vaccine that would be administered intranasally. Bilthoven Biologicals, a pharmaceutical firm in the Netherlands, was the company’s first foreign purchase in 2012.
The Serum Institute of India developed Rabies Human Monoclonal Antibody (RMAb), also known as Rabishield, with help from Mass Biologics of the University of Massachusetts Medical School in the United States.
CEO of SII – Adar Poonawalla
By 2020, the company will have developed 1.5 billion vaccine doses each year, making it the world’s largest vaccine manufacturer by amount of doses produced. Tuberculosis vaccine Tubervac (BCG), poliomyelitis vaccine Poliovac, and other childhood vaccines are among the products created.
Serum Institute of India – Covid 19 Vaccine Development
AstraZeneca, a British-Swedish multinational pharmaceutical firm, has teamed up with Oxford University to grow AZD1222. According to reports, Serum Institute will provide India and other low- and middle-income countries with 100 million (10 crores) vaccine doses.
By the end of 2021, the target had been raised to one billion doses. It’s expected to cost about $3 per dose or around 225 dollars. Trials were suspended by DCGI in September 2020 after a volunteer in Oxford became ill after being vaccinated, but were quickly resumed after British regulators agreed. The Serum Institute of India applied for emergency approval for the vaccine produced with AstraZeneca in December 2020, and it was granted a month later. A deal was reached in March 2021 to supply certain doses to the United Kingdom.
The Serum Institute of India has also agreed to produce Novavax’s NVX-CoV2373 vaccine for India and other low- and middle-income countries. Codagenix’s nasal COVID-19 vaccine CDX-005 will also be manufactured by the company (tradename COVI-VAC)
SII’s net sales in 2018-19 were Rs 5,238 crore, with an after-tax profit of Rs 2,252 crore. The compounded annual growth rate (CAGR) for revenue was 8.1 percent over five years (2014-2019), while the CAGR for profit after tax was 5.3 percent. In 2019, SII’s export earnings accounted for more than two-thirds of its net sales. At the end of 2019, it had total assets of Rs 16,703 crore.
The pharma giant AstraZeneca and the University of Oxford collaborated on the Covid-19 vaccine. Covishield has a 62 percent efficacy rate. The SII has already generated a stock of approximately 5 crore doses. By February, it claims to be able to increase production to 10 crore doses per month.
Serum Institute of India – Investments
Date
Organization Name
Round
Amount
Jul 23, 2019
X-Vax Technology
Series A
$56M
Oct 5, 2017
Visterra
Series C
$23.6M
Serum Institute of India – Acquisitions
Acquiree Name
About Acquire
Date
Amount
Nanotherapeutics
Privately held specialty biopharmaceutical company with product development, cGMP manufacturing capabilities
Biocon, Panacea Biotec, Bharat Serums, Wockhardt, Biological E, Bharat Biotech, Syngene International, Indian Immunologicals, Premas Biotech, Reliance Life Sciences, and Zydus Cadila are among the other leading competitors in Serum Institute’s competitive set.
Cadila Healthcare, India’s fifth largest pharmaceutical firm, is working on an indigenous vaccine for the novel coronavirus in addition to producing Covid treatment drugs like remdesivir. Phase-III trials on 26,000 Indian patients have been approved by the government. The vaccine’s price has yet to be determined by Cadila.
According to Poonawalla, the real challenge in 2020 will be determining if the Covid vaccine will actually function and be effective in humans. It was also difficult to demonstrate its effectiveness and plan a trial in a country where outbreaks are likely to occur, most likely China.
According to the CEO, “Our journey now is looking and has lot of challenges because we are trying to enter the Europe and US markets. We are trying to sensitize the Indian government to take more vaccines and plan and help them in their programmes to fight these life threatening diseases. We have got other challenges from China and other countries where we are offering a red carpet treatment for them to come here, but when we want to go to China, we have got a lot of barriers that we are facing like parting with our technology, we have got to do joint ventures things which are impossible.”
Serum Institute of India – Future Plans
As it struggles to fulfil supply obligations, the Serum Institute of India, which manufactures the AstraZeneca Covid-19 vaccine, is considering starting vaccine manufacturing in other countries.
“There’s going to be an announcement in the next few days,” Adar was quoted.
Poonawalla said the Serum Institute would be able to increase its monthly production to 100 million doses by July, a month later than the previous goal of end-May. Vaccines against Covid-19 have run out in some Indian states.
Within six months, he planned to increase the Serum Institute’s capability from 2.5 billion to 3 billion doses per year. He flew to London until Britain imposed an eight-day travel ban on Indians.
Serum Institute of India – FAQs
What does SII do?
Serum Institute of India is India’s leading biotechnology firm, producing highly advanced life-saving biologicals such as vaccines, antisera, and other medical specialties using cutting-edge genetic and cell-based technologies.
Who founded SII?
Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals that were in short supply in India and had to be imported at a high cost.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.
Suffering? Not able to find a government job? Age limit is going to end in the next coming years, still not prepared for the examinations? In case, you are a general candidate and frightened that SC’s and ST’s are going to capture your position, please don’t get worried about the fact.
Testbook is here to construct your SARKARI future for the upcoming competitive examinations and guide you with all the best materials possible. Maybe you didn’t pass in the last examination but this time you are going to score and pass with flying colours. Read the Testbook success story below.
Testbook is a site for aspiring students who dream of passing competitive exams of different kinds. Subscription is needed to unlock the tests for all the available uploaded examinations. The ones who are weak in English, for them the tests are also available in the Hindi language as this language is known and owned by all. The site helps it’s candidates to improve their scores.
Testbook – Founders and Team
Yadvendar Champawat, Dr. Praveen Agarwal, Ashutosh Kumar, Abhishek Sagar, Manoj Munna and Dr. Narendra Agarwal are the founders of the company Testbook.
Testbook Co-Founders
Yadvendar Champawat is the head of the technology department and co-founder at Testbook.
Praveen Agarwal is also the co-founder at Testbook.
Ashutosh Kumar is the Chief Executive Officer of the company.
Abhishek Sagar is one among the founding members of Testbook.
Manoj Munna is the co-founder and CBO at Testbook.
Narendra Agarwal is also one of the co-founder at Testbook. Previously, he was the co-founder at ExcelMentors.
Testbook – Business Model
Testbook Logo
The company has got 100+ online courses and 5500+ mock tests. The concerned site gives 500+ PDFs and study notes of all the courses available as it’s mentioned above about the study materials provided. There are various tips and tricks by the masters to improve the candidate’s speed. Doubts are always answered ones posted.
The company has got its own way of operating. It operates on a subscription-based revenue model split between mock test subscriptions which costs INR 699 per year and online course subscriptions are at INR 3499 which is still bearable for many citizens. Offers available – 1- day Testbook costs INR 29, 6 – months Testbook costs INR 299 and a yearly Testbook costs INR 399. Offers may often change without prior notice. The users get six-month access here. It also offers shorter subscriptions at INR 1299 for 2 months. It generates a revenue of $4.2 million. The coronavirus pandemic has changed the rate of success. In the month of April 2020, there was 80% revenue growth. Now, the platform has increased exponentially to 6,50,000 learners. Around 10 lakh students attend live online classes. It’s a victory!
Testbook – Partnerships And Franchises
The company has got 750+ partners in 90+ cities and 250+ towns of India. In order to open a textbook center in your city, you have to have – computer setup, Internet and inverter facilities, headphones are a must. Revenue is to be made on each agreement. There is a chance of collecting around 1.5 lakh monthly and the investment on the company begins from 75K. Contact number is mentioned above. Interested people can talk to the team agents for more information. The company has got it’s centers in many cities – eg. Bhagalpur, Delhi, Patna, Gorakhpur etc.
Testbook has raised an amount of $12.6 million in funding over the 5 funding rounds.
Date
Transaction Name
Money Raised
Lead Investors
January 8, 2020
Series B
$8.3 million
Iron Pillar
April 3, 2017
Series A
$4 million
Matrix Partners India
March 1, 2016
Series A
–
–
August 14, 2015
Venture Round
–
–
October 29, 2014
Seed Round
$250,000
Shankar Narayanan and Utsav Somani
Testbook has got 9 investors. Nataraj Sindam and Iron Pillar are the most recent investors.
Testbook – Growth
The company came into existence in January 2013 by 6 IIT Delhi and Mumbai alumni’s. They all are geniuses so they know how to operate and this is only the reason behind the growth of this EdTech startup. There were 13,000 registered candidates only for GATE preparation. Can you believe it? Then what is the number if all candidates are calculated as a whole! In the beginning, the company had 55,000 registers as a whole which raised around INR 1.5 crores. If this was the growth rate in 2014, what is the rate now? The growth rate for them is a massive one.
The company has got its own top 10 opponents. Namely – Toppr, Embibe, KhanAcademy, Unacademy, KaysonsEducation, Vedantu, Fitjee, Meritnation, Extramarks and BYJU’S.
Let’s look at the few comparisons below –
Toppr is also an online platform like Testbook for entrance exams in India.
Vedantu has got a live online tutor for its students so it’s a bit way different.
Embibe provides its candidates with personal feedback services.
Almost all the companies are thinking differently and trying to implement something new to stand in the top position by biting others. This is exactly what competition is meant to be!
Due to the COVID outbreak, this year, the company’s future plan is to make the students study safely at home. It’s for those who go to the coaching centers placed all around India. The students are to download the guide uploaded in a PDF and study hard by sitting in within their homes.
The surrounding is becoming highly contagious so this was the decision taken by the 6 main team members so that the studies of the concerned students don’t get hampered by the situation outside. Internet is a place to learn therefore everybody can make themselves comfortable by using modern technology, staying safe and learning more.
Testbook – FAQ’s
What is Testbook?
Testbook is a site for aspiring students who dream of passing competitive exams of different kinds.
What service does Testbook provide?
Testbook helps throughout your preparation journey by daily live classes catering to 100+ government exams like – RRB NTPC, SSC CGL, CHSL, DRDO MTS, SSC JE, IB ACIO, Bank Clerk and Bank PO exams like SBI Clerk & SBI PO, and many more.
Who is the Founder of Testbook?
Yadvendar Champawat, Dr. Praveen Agarwal, Ashutosh Kumar, Abhishek Sagar, Manoj Munna and Dr. Narendra Agarwal are the founders of the company Testbook.
Who is the Founder of the Testbook?
Ashutosh Kumar is the CEO of Testbook.
Is Testbook Test series good?
Testbook Test series Interface is superb. Just like the real exam. Very good mock test practice.
Testbook – Conclusion
Testbook is one of India’s Favorite Government Exam Preparation platform. Testbook helps throughout your preparation journey by daily live classes catering to 100+ government exams like – RRB NTPC, SSC CGL, CHSL, DRDO MTS, SSC JE, IB ACIO, Bank Clerk and Bank PO exams like SBI Clerk & SBI PO, and many more. Textbook’s thoughtfully designed courses make sure that you learn systematically and ace your dream exam.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved Ambuja Cement.
Ambuja Cements Ltd. (ACL) is one of the leading cement manufacturing companies in India and commenced cement production in 1986. Initially called Gujarat Ambuja Cements Ltd, the Company later became Ambuja Cements Ltd.
ACL enjoys a reputation of being one of the most efficient cement manufacturers in the world. Its environment protection measures are considered to be on par with the finest in the country. It is also one of the most profitable and innovative cement companies in India.
Ambuja Cements Limited is an India-based holding company, which is engaged in the manufacture of clinkers and cement. The Company operates through Cement and cement related products segment. Initially called Gujarat Ambuja Cements Ltd, the Company later became Ambuja Cements Ltd. The Company has a range of products for the B2B and retail markets.
The Company’s product, Ambuja Plus Roof Special, is suited for constructing roofs and slabs. It also offers install rooftop rainwater harvesting technology. Its products also include Ambuja Powercem, which caters the ready-mix (RMX) sector; Ambuja Railcem, which is designed for railways, and Ambuja Buildcem, which serves the requirements of the mass housing segment.
The Company also co-owns two brands in micro materials’ category. These include Alccofine, which includes a range of micro slag materials, and Dirk Pozzocrete, which includes superfine fly ash. Alccofine Micro Materials are used in construction projects, such as metro rail, dams, roads, flyovers, bridges and tunnels.
Ambuja Cement – Logo and its Meaning
The Ambuja Cement logo consists of a man holding a building by its foundation which implies how the strong base of cement holds the whole building together.
Ambuja Cement Ltd.’s Logo
Ambuja Cement – Founder and History
Ambuja Cement was founded in 1983 by Narotam Sekhsaria and Suresh Neotia, two traders with very little knowledge of cement or manufacturing. What made up for this lack was their far-sightedness: Anticipating that cement would be a critical resource for a developing economy like India, they invested in a state-of-the-art cement plant in Gujarat and went on to build a trusted cement brand that has become synonymous with quality and strength.
ACL has grown manifold over the past decade. Its current cement capacity is 27.25 million tonnes. The Company has 5 integrated cement manufacturing plants and 8 cement grinding units across the country. ACL enjoys a reputation of being one of the most efficient cement manufacturers in the world. Its environment protection measures are considered to be on par with the finest in the country. It is also one of the most profitable and innovative cement companies in India.
ACL is the first Indian cement manufacturer to build a captive port with three terminals along the country’s western coastline to facilitate timely, cost-effective and environmentally cleaner shipments of bulk cement to its customers. The Company has its own fleet of ships. ACL has also pioneered the development of the multiple, bio-mass, co-fired technology for generating greener power in its captive plants.
Ambuja Cement – Mission
Ambuja Cement’s mission statement says, “To be the most sustainable and competitive company in our industry.“
Ambuja Cement – Partnership
The company has entered into a strategic partnership with Holcim, the second-largest cement manufacturer in the world from 2006. Holcim had, in January, bought a 14.8 percent promoters’ stake in the GACL for INR 21.4 billion. Currently, Holcim holds 61.62% of shares in Ambuja Cements.
Ambuja Cement – Joint Ventures
Counto Microfine Products Private Limited
Wardha Valley Coal Field Private Limited
OneIndia BSC Private Limited
Ambuja Cement – Subsidiaries
Some Ambuja Cement subsidiaries are:
Kakinada Cements Limited, India
M.G.T. Cements Private Limited, India
Chemical Limes Mundwa Private Limited, India
Dang Cement Industries Private Limited, Nepal
Dirk India Private Limited, India
Cement Sustainability Initiative (CSI) of World Business Council for Sustainable Development (WBCSD)
Indian Business Biodiversity Initiative (IBBI)
Leaders for Nature (LfN) India
The Global Compact Network India Ambuja is a member of the following industry associations: G4-16
Confederation of Indian Industry (CII)
Federation of Indian Chambers of Commerce and Industry (FICCI)
The Associated Chambers of Commerce and Industry of India (ASSOCHAM)
Bombay Management Association (BMA)
Indian Merchants’ Chamber (IMC)
Bombay Chamber of Commerce and Industry (BCCI)
Ambuja Cement – Business Model
The Ambuja Cement business model operates through Cement and Cement related products segment. The Company has a range of products for the business to business and retail markets. The Company’s product, Ambuja Plus Roof Special, is suited for constructing roofs and slabs. It also offers install rooftop rainwater harvesting technology. Its products also include Ambuja Powercem, which caters the ready-mix (RMX) sector; Ambuja Railcem, which is designed for railways, and Ambuja Buildcem, which serves the requirements of the mass housing segment.
Ambuja Cement – Revenue and Growth
On a standalone basis, Ambuja Cements, part of Swiss firm LafargeHolcim, reported an increase of 87.77 per cent in net profit at INR 440.53 crore as against INR 234.61 crore in the year-ago period. Revenue from operations was INR 2,852.46 crore, up 8.63 per cent as compared to the year-ago period.
Revenue from operations was up 1.51 per cent at INR 6,169.47 crore during the quarter as compared to INR 6,077.29 crore in July-September a year ago. Total expenses were at INR 5,144.38 crore, down from INR 5,400.94 crore a year ago. The consolidated results of Ambuja Cements also include the financial performance of its step-down firm ACC.
Two of India’s marquee cement companies, ACC and Ambuja, have been part of the same global cement group for a long time. The markets were also rife with speculation about the complete merger of ACC and Ambuja for a very long time now. Finally, that seems to be seeing the light of day. In early May 2017, both ACC and Ambuja independently announced that they will consider a possible merger.
Globally, one of the biggest mergers in the cement industry was between Holcim and Lafarge which created the world’s largest cement company in the world, Lafarge Holcim. Interestingly, this company is the holding company for ACC and Ambuja Cements in India.
ACC’s Neeraj Akhoury replaced Bimlendra Jha who resigned as the MD and CEO of Ambuja Cements.
Ambuja Cement – Competitors
Top Competitors of Ambuja Cement are Aditya Birla’s Ultratech, ACC, The India Cements Ltd, Dalmia, Holcim, AkzoNobel, JK Lakshmi, and Shree Cement.
Ambuja Cement – Challenges Faced
The growth in the industry has slowed down since 2019. ACC Ltd. and Ambuja Cements Ltd.—which are subsidiaries of Europe’s largest maker of construction material LafargeHolcim—said in their annual reports that the Indian cement industry’s growth, which was 9 percent in 2018, fell down to 7-8 percent in 2019.
The company flagged ongoing capacity expansion—which has led to an imbalance in total installed capacity against capacity utilization—as material risk for the cement industry.
In 2020, the coronavirus pandemic also caused a lot of harm to the growth of the company.
“The company is seeking necessary permissions/approvals from the relevant government authorities for resumption of operations at various locations, in a phased manner,” said a spokesperson for Ambuja Cement.
The company is taking steps to adhere to the standard operating procedure for social distancing mandated by the government in the guidelines.
The Sustainable Development Ambition 2030 provides a broad framework for the company’s strategies to meet the challenges in four broad thematic areas: Climate, Circular Economy, Water & Nature, and People & Communities. The 2030 Plan envisions a construction sector which will be innovative, climate neutral and circular in its use of resources. It will be respectful of water and nature, and inclusive – thus enhancing the quality of life.
“The company is optimistic about its future despite the COVID-19 situation. The recent initiatives by the government will help resurgence of rural demand and infrastructure projects, including affordable housing,” said a spokesperson for Ambuja Cement.
Ambuja Cement – FAQs
What is Ambuja Cement grade?
Ambuja Cement OPC 53 Grade, Packaging Type: Bag
Who is the CEO of Ambuja Cement?
Neeraj Akhoury is the current CEO of Ambuja Cement.
How does Ambuja Cement make money?
The Company operates through Cement and cement related products segment.
Who’s the top competitor of Ambuja Cement?
Ambuja Cement Ltd’s Top Competitor is UltraTech Cement Ltd.
Each one of us must have hosted some events at some point in our lives. Either it is a casual get together for the close friends or a grand personal or corporate event, as a host we always want the event to be successful. The motif of every host is to make an event enjoyable and pleasant for the guests. However, every event big or small event requires a good amount of planning and arrangements. So for those important events at your home or office, it is always a good idea to take help from professionals.
Meet Tosshead, the event management experts. This Bangalore based startup is here to solve all your event related owes by not only providing event packages but it is also the first online platform in India which rents equipment required for events. The company formed in 2018 is on a mission to simplify the super complicated task of organizing a perfect event.
Event Management industry is expected to witness an exponential growth with over 25% y-o-y over the coming few years. As reported by EY-EEMA (Event and Entertainment Management Association), events industry in India is expected to surpass INR 10,000 crore mark by 2020-21. This growth in industry is because, the range of events that people are looking for has increased from birthdays and marriages to celebrations across various individual and corporate events. From being an unorganized industry to being an organised sector, the next phase key growth driver for event management is going to be in the form of digital and reaching out to masses.
Tosshead – Founder
Shank K. Vasudev founder Tosshead
Shank K. Vasudev is the founder of Tosshead.
Shank always believed in innovation creativity and simplicity since his childhood. He completed his 10th grade with great difficulty from a remote village, Cuddapah in Andhra Pradesh. Soon, young age crisis caught him and he was much confused about life.
The dilemma wasn’t of what I need to study further but how I need to be different in life.
As the life moved on he decided to take mathematics, but life continued to embarrass him as he thought he was doing the same routine as others are doing. So, instead of joining any engineering college, he wanted to learn finance and accounting which would also help in running a business. While making this decision, he realised that instead of spending 3 years in graduation he can join a correspondence course and at the same time to gain experience. From there on everything started falling in place.
Prior to founding Tosshead, Shank worked with several organizations. At his first job, he used to sell Philips accessories and salary was mere INR 1000. Yet, he somehow survived there for 1 year and 2 months. For the next 2 years, he worked at BPL mobile, selling SIM cards. He got his break with Kothari Pioneer Mutual Fund, where he worked for 12+ years and held many senior positions within the company.
Currently, Tosshead has 9 members. Shank knew them personally for the past 5-6 years as they were from same industry. Also it was very easy to get them onboard as they liked the innovation in the event space which they believe is a big game changer.
Our team is personally handpicked from known and reference sources so that they stick around for long run.
Tosshead – The Idea and Starting Up
Tosshead Logo
The inspiration to start an event management company came to his mind on an official trip to HongKong in 2010. He hired an Event Management company for the customers but he wasn’t happy with their services. This baffled the customers and also made the situation embarrassing. On returning from the trip, he assessed his personal situation and decided to quit his job to start an event management venture.
I did not think beyond. One night, I had made up my mind to offer the best to customers as an event management company and it all began 9 years ago. At the age of 33, I quit my job and went ahead to set up my own start-up and led for the birth of an event management company.
The increase in disposable income with consumers and a growing economy offered him enough opportunities to push ahead the agenda of offering every type of events. From personal events to family events to corporate events and even fashion shows, Tosshead has done it all. Till now the company has managed over 10000 events. Apart from managing corporate events for several years, an idea to offer event equipment for hire stuck in his mind. This led to launch a website – India’s First platform to book event packages or event equipment.
I am confident that the simplicity of customized packages and a range of equipment would be a game changer. Since Event Management as a concept has hardly been perceived as an online product, my ambitious project TossHead, would fill the void.
Tosshead – Services
Tosshead is a one stop solution for all your event related needs. With just 3 clicks – you can book event packages or event equipment online.
It manages all kinds of events like DJ party, karaoke, corporate conferences, annual day, award nights, theme parties, marketing promotion events or sports events.
If an event is on your mind, we will make it happen.
Besides, Tosshead offers for hire each and everything required for an event, like, anchors, Dj machine, karaoke machine, LED wall, decoration items etc.
Our strength is creativity, conceptualizing, implementation, execution and equipment. The expertise of Tosshead lies in our ideation and execution backed by a passionate team of professionals who are not satisfied until the event does not set a benchmark for quality.
Tosshead – Business and Revenue Model
The Tosshead business model operates in both B2B & B2C models and for every booking on the platform, Tosshead takes a commission.s
Tosshead – Funding
Tosshead raised $3 Million seed fund from NRIs based in US on March 2019. This is Tosshead’s maiden round of funding.
Date
Stage
Amount
Investors
March 2019
Seed
$3Million
Angel Investors
Tosshead, which is currently operating only in Bengaluru, is planning to use this fund for expanding to other major cities like Delhi, Mumbai, Chennai and Hyderabad within the next 6-12 months. Besides, it will also use a part of the fund to upgrade its technology.
Tosshead – Partnership
In March 2019, Tosshead partnered with OYO. OYO is the largest and most popular hotel booking platform in India. Owing to this partnership, now the users can also book banquet halls through the Tosshead platform
Tosshead – Challenges
According to Shank, technology was one of the major challenges for the company.
To offer the best user-friendly experience to the website visitors is a demanding job.
Tosshead – Competitors
There are many event management companies like Cineyug Entertainment, Wizcraft, Cox and King, Fountainhead etc which are major players in the Industry and poses a tough competition for everyone around.
However, Tosshead’s USP is that it also provides event related equipment on hire and it is first of its kind platform in India.
To be in all major cities of India by the next 1-2 years.
To keep adding a whole lot of event related things in the company’s website.
Tosshead – Founder’s Advice
Don’t create a product, let the product innovation create you!
Tosshead – FAQs
What is Tosshead?
Tosshead is a one stop solution for all your event planning and management needs. With just 3 clicks – you can book event packages or event equipment online.
Who founded Tosshead and when?
The Tosshead founder is Shank K. Vasudev and he founded the startup in 2018.
Where is Tosshead available?
Tosshead is currently available in Bangalore, Chennai and Hyderabad.
Bill Gates and Melinda Gates who are the co-founders of the world’s largest private charitable foundation have filed for divorce. On 3 May 2021, they decided to end their 27 years of marriage as they required space in their personal life and would want to grow individually. Let’s look at what would be the future of the largest charitable foundation in the world, the Bill and Melinda Gates Foundation.
Bill gates are the co-founder of one the world’s leading technology firm Microsoft. He had dropped out of Harvard University in the year 1975 to start the technological firm. Bill Gates had owned the majority of the stock in the company which made him a multimillionaire and one of the wealthiest men in the world.
In the year 2000, Gates had stepped down from the position of CEO of Microsoft in order to concentrate on philanthropy.
About Melinda Gates
Melinda French Gates was an employee of Microsoft before getting married to Bill Gates. She was raised in Dallas and completed Economics and Computer Science at Duke University. In the year 2015, she founded an investment company that will be focused on women and families which is Pivotal ventures.
In the year 2019, she had published a book that was focused on female empowerment called The Moment of Lift.
The Bill and Melinda Gates Foundation has become one of the most influential and powerful forces in the global public health. Over the past 2 decades, the charitable foundation is estimated to have spent around USD 50 billion to bring a business approach in order to fight against poverty and diseases.
The Bill and Melinda gates foundation has backed a wide range of programmes which include polio and malaria eradication, vaccines and child nutrition. In the year 2020, during the global pandemic due to Covid-19, the foundation had committed an amount of USD 1.75 billion to the relief of Covid-19.
The Bill and Melinda Gates Foundation was launched in the year 2000. The private charitable philanthropic foundation is considered as the largest non-profit foundation in the United States and the world’s largest foundation.
The foundation has a net asset of around USD 43 billion according to the latest financial data available on the website. The couple has been reported to have contributed of around USD 36 billion from the time period of 1994 to 2018.
In the year 2020, Warren Buffet has contributed stocks from his Berkshire Hathaway Inc of more than USD 36 billion to the Bill and Melinda Gates foundation. It was as part of the plans which he had announced previously that is to give away his entire fortune before his death.
The couple had filed a joint resolution regarding the dissolution of their marriage. They have conveyed that their legal union was broken in a way that couldn’t be made right but they added that they had reached to an agreement on how to divide their wealth between each other. The details of the division of wealth were not disclosed.
They had posted a tweet on their individual accounts which said that they had decided to end their marriage after a great deal of thought and a lot of work on their relationship.
They added that they would require space and more privacy in their new life as they have realized that they will no longer be able to grow together as a couple in the next phase of their life.
FAQ
What is the purpose of the Gates Foundation?
Gates Foundation focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty in developing countries.
What disease did the Gates Foundation eradicate?
Gates Foundation made progress toward eradicating polio.
Who is the CEO of the Gates Foundation?
Mark Suzman is the CEO of the Gates Foundation.
Conclusion
In a separate statement, the Bill and Melinda Gates Foundation had said that the couple would remain as the co-chairs and trustees of the organization and would work together for the foundation to shape the foundation strategies and approve it, to advocate the issues faced by the foundation and to set the overall direction of the organization.
Efficient and seamless communication is the key to a successful startup business. The most effective communication tools are those that are easy to use—in other words, they don’t require a lot of technical expertise, they’re easily customizable, and, best of all, they are easy on your business budget.
When you’re starting out in business, there are a few things you can do that will help you get your message across quickly. Here are just some of the communication tools every startup company should use both internally and externally.
Having VoIP phones is a must for every startup. But first, what are VoIP phones?
VoIP, which stands for “voice over internet protocol,” is a phone that is connected over the internet. It can either come in the form of a software (on a computer or portable device) or specialized hardware (running on an individual’s personal computer). So, instead of the traditional telephone, VoIP phones use an internet connection to communicate.
One of the advantages of a VoIP phones is that it also provides a wide range of features, including caller ID, ringless voicemail, and multiple phone numbers. If the phone has more than one number, you can use a single number and keep receiving calls from a number of people. You may also opt to receive multiple messages at one time.
MassText Messaging App
The ability to communicate through a mass text app allows startups to reach out to more people. This will be very helpful if you want to announce something to your employees. You can simply just send one text to all your employees. At the same time, this is also a very useful marketing tool to communicate with your customers.
The use of mass text messaging for communication allows for you to reach out to many different individuals who may be in a variety of situations. If you are unable to get them on the phone or Skype, you can get them through text, making it easy to let them know your intentions and what you want them to know. If you have a product launch or upcoming sale, you can send text blasts to all your customers who subscribed to your newsletter. One click, and everybody gets the message. You won’t need to send individual texts.
Email Messaging Platform
Email is a must for every corporation. This is the basic communication tool in a corporate setting. It’s a more formal way to communicate within and outside the company, which will also increase your startup’s credibility. So, make sure to set up your startup with an email platform.
At the same time, email is also a very important communication tool when talking to your clients or customers. Email campaigns have become increasingly popular over the past several years as they give you the opportunity to build relationships with customers, which can lead to repeat customers. In addition to that, the cost of an email campaign can be minimal compared to other marketing tools.
With an email campaign, your company can send email blasts to clients and customers. These messages often contain sales messages, and they include information about new products and services that are available for your company. An email campaign can provide you with valuable feedback about what your customers think of your products and services, which can help you build customer loyalty.
Project Management App
Communication tools for project management are often used to increase the level of communication between teams, to manage time and costs, to reduce project risks, to improve productivity, to manage conflicts, and to make decision-making easier. With that said, another communication tool you need for startups is a project management app.
Project management apps can also be used to track progress and performance of project managers. An organization can build a network of project managers to coordinate and monitor the progress of its employees. Communication tools can also allow project managers to provide feedback to people who are working on the project and allow managers to identify problems or issues.
Private Channel, Chat, and Group Messaging Tools
Communication tools
Aside from having your email set up, you’ll also need a private channel where your team can exchange messages, links, and files in the form of chat and group messaging. This way, you can instantly contact members of your team.
There are also messaging apps, like Slack and Microsoft Teams, that integrate some popular and useful tools such as Dropbox, Zoom, Groove, Trello, and others into their systems. Having this will make it easier for you and your team to collaborate and share files. In addition, these apps are also available in iOS and Android. So, even if your team members or employees don’t have their laptops with them, they can easily respond to messages on their phones.
Survey and Data Analysis
Communication includes getting feedback from your employees as well as your customers. To get to know your employees and customers better, a good communication tool you’ll need as a startup is surveys. There are apps to create surveys and help you analyze data, such as Survey Monkey.
These apps can create a seamless survey that your employees and customers can answer. Afterwards, you’ll get a comprehensive report about the opinions of both parties. This will help you evaluate your performance and how to approach situations moving forward. For most of the survey apps, it’s usually free for a certain number of questions per survey. Then, paid plans will provide you with unlimited number of questions, customized themes, additional analysis, phone support, and more distribution options.
Customer Service Chatbot
Customer service chatbot has proven to be highly effective for addressing customer concerns immediately. When using a customer service chatbot for your business you will soon start to see the benefits that you can reap from it and the benefits go beyond just the obvious of an increased level of efficiency.
Your customers will also notice the improvement in your services and this can make them feel more comfortable with your brand and this can lead to increased sales. You will also be able to improve the way your customers interact with you through a more personalized approach. If you’re customer service personnel is away, you can also set up some auto-replies to be able to assist your customers even if you’re away.
In addition, customer service chatbot providers also offer packages with a support ticket tracker. This way, you’ll be able to monitor all communication between your customer service personnel and customers. In addition, you’ll be able to see which tickets have been addressed, are pending, or solved.
As your startup gets bigger and bigger, it can be difficult to keep up with the changes, new people, new rules, and policies. The solution to that communication problem is to set up a social intranet software, which is a central portal accessible only by people in your company.
This social intranet software should contain announcements, company news, company-wide documents, templates, policies, and contracts. By having one, your employees will be aligned with the latest news and goals of your company. Your employees will also have an easier time keeping up to date with changing policies.
Task Management Apps
One of the more common communication tools is the task management system. Task management systems offer a very simple method of managing your tasks and keeping track of them. Many of these systems also provide reports and graphs that make it easy to see where you are currently at in terms of productivity. Most task management systems will also provide a calendar for keeping track of events such as meetings, deadlines, and other projects.
For managers, they can assign tasks to their team members as well as track all their progress in one page. Deadlines, priority levels, and meetings can also be inputted in the system. It’s a communication tool that will keep your employees on their feet and organized.
Internal Blogs
Internal blogs are also an effective way to communicate with your employees and make sure that you’re all aligned towards the same goal. If you are creating content for an internal blog, you need to be certain that all of your information is relevant. If your information is not relevant, your reader will be frustrated and may not be willing to read the information. You also need to determine how the content relates to your goals and objectives, the business objective, and your readership.
For internal blogs, you can post topics regarding the achievements of your company to keep everyone up to speed. In addition, to boost employee morale, you can also use this medium to announce employees who did exemplary work. This will encourage more employees to do the same. You can also use internal blogs to post work-related tips on how be more effective.
Internal blogs are very flexible. This can also be used as a medium for your employees to post creative works they create. If you have employees who love to write poems, then you can feature poems of the month to celebrate the talents of your employees. Having this will create a tight knit community within your startup and have more people involved.
Discussion forums can be your startup’s digital workspace where all employees can ask questions, bond, and discuss different projects freely. Most of the time, there is a big disconnect between veteran employees and new hires. To keep new hires up to speed and minimize mistakes, the discussion forum can be an avenue for veterans to share their knowledge. At the same time, the forum can also serve as a connection to bridge together veterans and new hires.
In discussion forums, internal knowledge can be disseminated. All these information and discussions will be stored within the organization so that anyone can access it if they need to go back to a question. It can also be a space where your employees can talk about anything under the sun and bring each other closer together.
Conference Calls
Collaborative communication tools include teleconferencing, video conference, and conference call apps. Especially with more people working from home, conference call apps are very important. You can do video calls with your team to collaborate. In addition, you can also use this tool to host discussions, team huddles, webinars, and live events. This is a very important tool for your team to be able to collaborate even if they’re not physically together.
Since remote working has become more prevalent, your counterparts might also be working from home. Because of this, you can use conference call apps to conduct meetings with clients or suppliers. If you need to present something to your client, conference call apps also have a share screen option for you to share your presentations while explaining it over voice.
Employee Profiles
As your organization gets bigger, it can be difficult to know each and every person in the startup. Problems on not knowing who to contact for specific processes, questions, or information. This may also cause employees spending unnecessary time searching for information by asking their colleagues to track down individuals.
As a solution, you can set up employee profiles, which provides basic information about each person within your startup. This way, everyone can see the contact details of the person they need to contact and understand their role. The system should also show their expertise and who they report to for seamless communication. This will save a lot of time and alleviate a cloud of confusion among employees.
Conclusion
Effective and efficient communication is important and integral for every kind of company including startups. There needs to be seamless communication both internally and externally for a startup to thrive. Thankfully, there are lots of communication tools that you can use to help you out with that.
The tools listed here are simple to use and can be used by anyone who is comfortable using them. They make it much easier for you to communicate effectively. They are also very cost-effective tools that will help you manage multiple projects.
FAQs
What are Communication Tools?
Communication tools refer to three forms of electronic communication in distance education courses e-mail, discussion groups, and chat rooms.
Why do we use communication tools?
communication tools are used for external and internal communication.
What are communication skills examples?
Examples of communication skills:-
Active listening
Adapting your communication style to your audience
PV Vyshnavi
