After facing the brunt of the pandemic in 2020, many businesses are quickly adopting remote working strategies for their companies. Gone are the days when people spent 8-10 hours working in an office. In fact, it is estimated that 70% of the global workforce works from home at least once a week.
A mobile workforce has become the new standard for many employers and businesses out there, as the impact is turning out to be a positive one resulting in better communication, flexibility, and team collaboration.
However, the wrong technology can negate the benefits of a mobile workforce can achieve. Team collaboration, a smooth workflow, access to digital fines, and other work-related functions need to be easy, intuitive, and most importantly secure. The technology also needs to be compatible across multiple platforms, from phones and tablets to desktops and laptops.
ShareDocView enables users to have their own branding
Now with ShareDocView, you can finally get all the analytics you wanted, and more
Gain control over the docs you send after attaching it to an email
You can still edit documents after you send them to your clients
Get analytics like which slides have been read and the duration of the reading
Collect email leads from new visitors for further outreach
ShareDocView is an analytics software for your documents. You can easily set it up with your Google or LinkedIn account and it works with PDF, Word, and PowerPoint documents.
It helps you get notifications when someone looks at your documents, and will also collect email leads. You can add your own company’s logo and branding.
ShareDocView- Features
No attachments
You don’t have to wait to add large attachments anymore. You can share links like videos on YouTube, and upload documents.
No software required
As it is a cloud-based product, you don’t have to download or install any software on your device. Access ShareDocView from any device via your browser.
Update Docs
You can now update documents or edit them as you like even after you send them to your client.
ShareDocView – Dashboard
Document analytics
Know the pages that were viewed by your team or client, and how long they were viewed. You can also follow up with your leads after you know if a document has been viewed or not
Team organization
Create a data room for you team where they can store their team files and documents. Your team members will have access to files and know which documents can be shared.
Control
With ShareDocView you can keep your documents private and generate request access when required. Make it a public document by removing the access control anytime you wish.
Branding
You can easily add your own brand, watermark or logo.
ShareDocView is for everyone that has to work remotely or has to manage a remote working team. It informs you and your team about a project and allows you to derive data from the documents you share with your colleagues or leads.
ShareDocView sends you detailed reports and notifications of who viewed your document and for how long. You can also update these documents anytime from the cloud even after they have been shared. You can also either give or remove access to a specific document by adding or deleting a link.
A trial is being set for May 2021 for the lawsuits and legal filings between Apple and Epic Games. We may finally be able to see a conclusion for the lawsuits and filings.
There have been a couple of lawsuits between these two corporations. All the issues started over when epic games found a way to avoid paying 30% of fees charged by Apple on its app store. Let’s look at all the lawsuits and legal filings which has happened to date by Apple and Epic Games.
The entire issue started back on 13 August 2020, when Epic Games had introduced an update for its gaming app Fortnite on iOS and Android devices. The new update gave the users an option to purchase V-bucks directly from Epic Games rather than doing it through App store on iOS devices or the play store for Android devices.
Generally, when you purchase anything on the app store or Google play store, Google and Apple will charge 30% as a transaction fee. But with the new update for Epic Games gaming application, they had found a way to avoid paying 30% transaction fees to both Google and Apple.
This reduced the price for users to purchase V-bucks at a cheaper price as they dint have to pay 30% of the transaction fee to Apple or Google.
Fortnite Delisted from Stores
Apple responded quickly. They gave an incredibly quick response on the same day that is 13 August 2020. Apple immediately delisted Fortnite from the app store. Soon after that, even Google followed the same by removing the app from the Google play store.
It was an unexpected move from Apple as the company was taking its major source of revenue from one of the most popular games in the world.
In no time Epic Games had released a response for Apple’s delisting. A 1984 Fortnite video was aired by Epic Games on the same day in which Fortnite Parodied an Apple ad. The ad communicated a warning of the big corporations having dominance over life.
1984 video is considered to be a statement from Epic Games. It was positioning itself as a corporation that can fight another corporation against its dominance in the market. After the delisting of Fortnite Epic Games took the fight directly to Apple.
Epic Games filed a lawsuit against Apple in California. Epic Games strongly stated that it would build launch its own app storefront on the iOS devices. Epic Games stated that they felt obliged to charge extra for their V-bucks due to the extra transaction fees charged by App store.
Epic’s lawsuit is concentrated on launching its own app storefront on iOS devices. This is expected to be a separate from Apple’s app store and this would open opportunities for other developers as well.
Microsoft’s support for Epic Games
Microsoft had indicated its support for Epic Games lawsuit against Apple. This was mainly concentrated on Apple’s decision to block Epic Games from accessing the Unreal engine and updating it for iOS devices.
Microsoft alleged that this would have a really big impact on the games on iOS devices and that relied on the Unreal engine. It meant that the games which used Unreal Engine will not receive any more updates.
Later in August, a judge ruled in favor of Apple but for a temporary point of time. The U.S district court Judge ruled that Apple did not have to immediately reinstate Fortnite into their app store.
The Judge also stated that Apple could not stop Epic Games from accessing the Unreal Engine. The Judge provided permission for Epic Games to continue providing updates for its Unreal Engine, even though Fortnite was not reinstated in the app store.
The Next Trial
It was later announced that Epic Games and Apple would move to the court for the next trial which will be held on 3 May 2021. This trial will be concentrated on exploring Apple’s dominance as a monopoly over the distribution of apps.
The trial would be in the limelight for the reasons such as whether one of the most popular games in the world would return back or will ever be able to return back to the iOS devices.
The other reasons would include whether Epic games would be able to maintain their access towards the Unreal Engine and whether a third-party apps storefront can be launched on the iOS devices other than the app store.
FAQ
Why was Epic Games removed from app store?
Epic Games took the unfortunate step of violating the App Store guidelines that are applied equally to every developer and designed to keep the store safe for our users. As a result their Fortnite app has been removed from the store.
Is Fortnite banned on Apple?
Apple has banned the popular mobile game Fortnite amid a legal battle with its publisher, Epic Games, but the iPhone maker’s customers may soon be able to resume playing the title.
What is V bucks?
V bucks is an in-game currency that can be spent in Fortnite Battle Royale, Creative, and Save the World modes.
Conclusion
We will have to wait and look forward for the next trial to analyze all the answers and solutions for the above reasons and this lawsuit of Apple and Epic Games is expected to have a really huge consequence to be faced throughout the gaming industry.
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.
In the absence of the concept of online marketing, offline marketing has for decades been very important to businesses. Today, owing to its highly targeted nature, and availability of accurate analytics data, online marketing is gaining much popularity. But, that does not undermine the importance of offline ads. In fact, an ideal marketing strategy should be a combination of both online and offline ads. In 2018, Google spent half of its total ad spend on offline advertisements.
However, despite being so vital, the offline ad space Industry is still unorganized, broken and lack transparency and has zero analytics. ADmyBRAND, a Bangalore based startup is disrupting the offline ad industry by letting you invent, plan, book, execute, manage and analyze your offline ads, online.
ADmyBRAND is a one-stop portal for buying and selling offline ad spaces. It is an analytics-driven ad exchange that lets you book ad on outdoor media, hoardings, mobile, radio, TV and newspaper. ADmyBRAND makes offline advertising hassle-free by letting you
Discover information on ad spaces online.
Book best ad spaces in real time along with standardized experience of campaign execution.
Measure the ROI of campaigns with the number of views/impressions, facilitating targeting and place “call to action” in offline ads.
The objective of creating ADmyBRAND is to organize and standardize the offline ad space industry bridging the gap between offline and online ad bookings. It strives to provide its users the same user experience and analytics for offline ads which they get for Facebook/google ads.
Our aim is to become a virtual assistant of every marketer. How startups like redbus, uber have helped make transportation (mobility) Industry online, we want to repeat it with advertisement Industry.
According to a report by GroupM, ad spends in India is expected to grow higher in 2019, as compared to the 13% growth recorded in 2014-2018. The report also says that offline media will continue to grow in India and contribute about 80% of the total ad spends.
Global Advertising Industry ScenarioIndian Advertising Industry Scenario
ADmyBRAND Founder/CEO
Sudhanshu Goyal is the founder and CEO of ADmyBRAND.
Sudhanshu Goyal – Founder, ADmyBrand
Sudhanshu is an alumnus of IIM Calcutta. He is a serial entrepreneur who besides ADmyBRAND also founded several startups like Chikoop.com, Plazmatio.com Machaoo.com and Chikoopay.com. He also worked as the CEO of Kotted, a building materials and building solution provider from 2010-2014 and with reputed brands like Adani Group and Zee Media.
How was ADmyBRAND Started
The idea started to form in Sudhanshu’s mind while he was studying. As a student of IIM Calcutta, Sudhanshu got an opportunity to interact with different brand managers of HUL. There he got an opportunity to learn about the challenges of offline marketing. Meanwhile, Sudhanshu also completed an internship with Zee News, where he had practical experience with the challenges associated with offline advertising.
Sudhanshu realized that there is a huge scope of innovation in offline marketing. He perceived that immense value can be created by solving problems of the offline ad industry and facilitating online booking and management of offline ads. Owing to the high ticket size of transactions and marketing being a must activity for almost all brands, there is immense scope of making profit in the offline ad industry. Inspired by the idea, Sudhanshu started experimenting in this domain.
In 2015, Sudhanshu even started a mobile advertising platform, Chikoop, which somehow didn’t work. Though after this failure Sudhanshu took up a job in Adani Group but he kept researching on new ways to make a difference in the offline advertisement segment. He met many alumni in marketing domain to research this space and for validating his idea with respect to various stakeholders of the Industry. He also continued working on the ADmyBRAND portal. Finally, in early 2017, Sudhanshu quit his job and started ADmyBRAND India, registering Sorcerer Technologies.
ADmyBRAND – Name and Logo
The name ADmyBRAND was selected because it matches with the services provided by the company and also because the domain name was available.
Six Phases of Marketing Ad Campaign Managed by AdmyBrand
Each color in the logo represents the six phases of the marketing ad campaign.
Admybrand Logo
What is ADmyBRAND
ADmyBRAND is a one-stop platform for buying, selling and analyzing ads across all media. The ADmyBRAND portal currently has 32+ products to completely automate marketing. There are various products for searching ad spaces, and booking and analyzing ads. Some products of ADmyBRAND are-
Products for booking and selling ad space
8Hoarding- a hoarding and fixed media advertising platform
Ad8OOH- Avenue and movable media advertising platform
8Digiad- for booking and selling ads on digital screens & LCDs
Ad8Mobi- Mobile advertising platform
Ad8Paper- Newspaper advertising platform
Ad8Radio- Radio advertising platform
Ad8TV- Television advertising platform
Ad8Social- Web and social media platform
Ad8plan- Platform for managing inventory and lead generation for media sellers.
Products for searching and exploring ad spaces
Calci– A search engine for Ad spaces
8 Surface – A DIY tool for creating ads
Ambicode – Allocating ad spaces with universal codes.
Pages– Gives the ad sellers the advantage of an online presence.
Search Seller – Search Engine for ad spaces sellers
InventMyAd– lets users create and design advertisement campaign
Console – A single dashboard to monitor all campaigns Products for Ad Analytics
ARP – It provides real-time rating and analytics for ad spaces
AnalyzeMyAd – For analyzing and strategizing Ad campaigns
Ambicash – A Blockchain based solution for mobile ad analytics
Boost – For TV & radio ad analytics
VIA – Offers visibility scores for outdoor and OOH ad media
Social Media listing – Lets users see what’s trending on social media.
Listen – Lets users identify radio ad audience with audio QR codes
Adify – It’s an AI-based personal assistant to plan, book and manage ads
Pixel – Lets users identify and retarget TV ads to viewers on other ad platforms
Box – Big data solution for retargeting TV and Radio ads to mobile devices.
Products for growing the business
Zeedback – Lets users get feedback and generate surveys for ad viewers and clients
8Chat – Professional Networking platform for marketing professionals
Clicko – A single platform for social media management.
Besides, ADmyBRAND offers Ambloan– working capital loan for marketing campaigns, And Ambsure– a plan to insure marketing campaigns against uncertainties.
We have improved portal and added inventory on the supply side in 2018 and for the last 4 months, we are now doing aggressive marketing campaigns receiving 4-5 campaigns in a week. Prior to that we did more than 100 campaigns but those are offline mainly as I am acting as an agency manually connecting demand and supply side, but now we have a complete automatic portal with 32+ products to completely automate marketing. Just like Google Suite and Microsoft office, ADmyBRAND is a suite of products and not a single product.
What Admybrand Does
ADmyBRAND – Launching Startup
In 2017 Initially, Sudhanshu worked on the product for 4-5 months in Indore which is his hometown, renting up an office in Silicon City. However, soon he realized that Indore does not have a startup ecosystem, which made him move to Hyderabad, where he met various seller including leadspace – leading outdoor ads player, Sakshi TV, leading Media Company in Newspaper and TV. This gave Sudhanshu an opportunity to understand their problems and tweak ADmyBRAND’s product accordingly. Recently ADmyBRAND has also opened its tech office in Bangalore.
ADmyBRAND – Revenue Model
For every transaction through its portal ADmyBRAND charges a convenience fee of INR 199 per media or INR 2499 per campaign (whichever is higher) from advertisers.
It charges a 5-15% commission from ad-space sellers.
There are also other services like premium analytics and design support that come at extra cost but DIY drag and drop style tool to create ad designs along with basic analytics module for each campaign is free of cost.
If sellers want to show their listing on top of search results there is a separate fee.
ADmyBRAND assigns a unique six-digit code to each ad media, if sellers want a premium code for their media, there is an additional cost.
Besides, ADmyBRAND provides an Inventory management system to sellers on freemium based subscription plans. Similarly, for agencies, white-labeling solution is available on a freemium based subscription model.
Admybrand revenue model
ADmyBRAND – Funding and Investors
ADmyBRAND raised angel funding in the year 2017.
Funding Date
Funding Stage
Funding Amount
Investors
2017
Angel Round
INR 3.5 Crore
Angel Investors
ADmyBRAND – User Acquisition
On the demand side, the initial set of customers were acquired through Sudhanshu’s personal network. ADmyBRAND did not do any serious marketing of its products until August 2019.
“I think we are on our strategy to refrain doing our own marketing till August 2019. We are a media-shy company for the time being, you will not find much of our mention in any key media outlets, the reason is simple because we want to first create a big entry barrier creating a superior non-replicable product and then move aggressively to capture 80% market share as what our online counterpart Google is doing to online ad industry” says Sudhanshu.
ADmyBRAND – Startup Challenges
As Sudhanshu says, formulating analytics and finding suitable manpower for platform development was the most challenging part of starting ADmyBRAND.
At first, I hired a web development company for creating my portal but wasted a lot of time and money on it. Then I experimented with a lot of other models, freelancers, etc. Finally, I understood one thing that for tech startup you cannot outsource technology now we have in-house design, technology and analytics team.
ADmyBRAND – Competitors
ADmyBRAND is one of its kind startup, the services it provides in the field of offline marketing is vast and unique. As such, there is no direct competition for ADmyBRAND. ADmyBRAND enjoys first mover advantage in its field and has a wide scope for profitable expansion in other parts of the globe.
We are probably India’s first pure tech company that is not a replica of any other startup. In fact, because of this first mover advantage of ours, we look forward to moving to other geographies as well. I had a discussion with one ex-director of Softbank and He suggested me to plan our company’s tech architecture and technology stack planning International expansion from day one, thus, you see the current version of ADmyBRAND. We thought about many things from day 01 which many companies think later on. We are working to create a robust product
ADmyBRAND envisions to become a global technology company in the next few years and has implemented features like single sign-on and multiple login that helps it stand out from the competition. It has also enabled country wise different admins and different customer care team for different countries.
In India, ADmyBRAND is now managing inventory from all over the country and have regional offices in Hyderabad, Bangalore, Mumbai, Delhi and Kolkata. In the supply side, ADmyBRAND is handling 10 lac + inventory with 5lac + inventory available for booking.
ADmyBRAND is currently running 4-5 campaigns of ticket size 10-12 lacs per month.
Besides, ADmyBRAND tied up with major media companies like Spotify, Verizon Media (Yahoo, AOL, Tumblr), Twitter for its mobile and digital advertising platform. The company has partnered with almost all TV and radio companies to book ad spaces on them.
ADmyBRAND also has international presence and is operating in countries like Singapore, China, United Kingdom, United States, Indonesia, Malaysia, Hong Kong, Macau, Nepal, Thailand and Vietnam.
ADmyBRAND – Awards
Being a single founder, Sudhanshu believes that its more important to concentrate on up-scaling the startup from all aspects rather than diverting attention to compete for awards.
The founder won various competitions at IIM Calcutta and was mentored by IIM Calcutta Innovation Park and Times Group. He even won a competition and received INR 30,000 prize money from Times Group to start Chikoop.com.
I participated in lots of events and competitions for my previous startup Chikoop.com, but then I realize that all these competitions are of no use and generally pull away focus of startup founder. For me being single founder, it’s necessary to skip on everything and focus on one thing at a time. Last 2 years I focused on product development and for the next 1.5 years I want to focus on building huge supply (real-time inventory) for the venture.
ADmyBRAND – Future Plans
ADmyBRAND is looking to move aggressively on supply side after its next funding round. It is also coming up with the idea of unique QR code-based marketing campaign. The company is looking forward to capture 40-60% market share on the supply side in newspaper and outdoor advertising vertical.
As you see Paytm QR codes outside every retail store similarly we want each ad space to assign unique AMB QR code. Currently, on empty billboards, you see some random numbers written to contact them and book space but we want to replace it assigning unique QR code and unique checkout page for each media. Each outdoor media to carry this code and you can book it online by simply scanning that QR code.
ADmyBRAND – FAQs
What is ADmyBRAND?
ADmyBRAND is a one-stop platform for buying, selling and analyzing ads across all media. The ADmyBRAND portal currently has 32+ products to completely automate marketing.
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.
Voot is a video-on-demand platform designed to watch TV shows and movies online. The company’s platform offers daily soaps, television shows, movies, reality shows based on four content pillars – comedy, reality, drama and kids, enabling viewers to watch unlimited movies and TV episodes.
With over 35,000 hours of exciting content for audiences with varying choices and preferences, covering Colors (Hindi), MTV, Nickelodeon, Viacom18 Motion Pictures, Colors Kannada, Colors Marathi, Colors Bangla, Colors Super and Colors Gujarati, Voot offers the biggest TV Shows, Blockbuster Movies, your favorite Toons & Voot Originals, absolutely free.
Voot is a video-on-demand platform, part of Viacom 18 Digital Ventures, the digital arm of Viacom 18, has been around since 2016, one of the country’s largest growing media networks.
Voot used to only available in India, with over 35,000 hours of exciting content for audiences with varying choices and preferences, covering Colors (Hindi), MTV, Nickelodeon, Viacom18 Motion Pictures, Colors Kannada, Colors Marathi, Colors Bangla, Colors Super and Colors Gujarati. Voot has content from Colors TV, MTV India, Nickelodeon India. It is Viacom 18’s advertising-led video-on-demand platform that is available as an app for iOS, KaiOS and Android users, and a website for desktop consumption Voot offers the biggest TV Shows, Blockbuster Movies, your favorite Toons & Voot Originals, free of cost.
It also hosts many Bollywood films for streaming. It has produced several ‘Voot Original’ shows for streaming as well. In the children’s segment, it is working on shows in Malayalam and Telugu.
Voot is a completely free service. Simply access the platform via the web or download the app on your mobile device and start watching in only a few clicks. Users have to register an account by signing up with their email or via Facebook/Google, which is quick and painless.
What’s the catch? Well, Voot is an ad-supported platform, which means you’ll have to deal with the occasional advertisement popping up during your binge-watch sessions. Ads can be annoying, but they’re a small price to pay for access to Voot’s impressive content catalogue.
Voot – Logo & It’s Meaning
Setting happiness as the premise for the brand, “VOOT” evolved from “Woot,” capturing the spirit of celebration. Colors and dynamism being feasible for a digital brand, they developed a dynamic identity that changed with every screen refresh.
Voot Logo
Simple geometric shapes infused with bright color gradients were used for the alphabet VOOT to connote an effortless, approachable brand. With the simplistic approach, the logo was made customizable and could be played around with on digital screens. The brand identity was created to connote happiness across the spectrum of age, geography, and gender.
Voot is a video-on-demand platform, part of Viacom 18 Digital Ventures, the digital arm of Viacom 18, has been around since 2016, one of the country’s largest growing media networks. Viacom 18 is a joint venture of Network 18, the media group controlled by billionaire Mukesh Ambani, and U.S. media conglomerate Viacom.
Rahul Joshi is the group CEO of Viacom 18, from where the Voot is derived.
Sudhanshu Vats, Ex-Group CEO & MD, Viacom18, said, “Viacom18 has grown over the years by focusing on white spaces that are challenging and yet have tremendous potential. As a network, we have been the undisputed leader in kids’ entertainment content for the past 5 years. Our digital play VOOT is the second largest video-on-demand platform in the country today.”
Sudhanshu Vats stepped down from being the CEO this year itself in April. Viacom18 has announced the appointment of Manjit Sachdev as head-content for its video on demand brands Voot and Voot Select. In her new role, Sachdev will lead the content team at Voot and will be responsible for driving the future original content strategy across the advertising and subscription businesses of Voot.
Its freemium service Voot Select was launched this quarter. INR 13 crore was invested into Voot Select and Kids (and in Kannada and Gujarati movie channels). Operational revenue from “digital, print, others and & intercompany Elim.” fell 16.6% QoQ and 20% YoY to INR 40 crore.
Voot – Revenue
Its freemium service Voot Select was launched this quarter. INR 13 crore was invested into Voot Select and Kids (and in Kannada and Gujarati movie channels). Operational revenue from “digital, print, others and & intercompany Elim.” fell 16.6% QoQ and 20% YoY to INR 40 crore. Now Viacom18’s Voot expects 50% revenue from the new subscription-led service Voot Select. Earlier, it used to be all free. It was just an ad-supported platform.
Voot – Business Model
Voot has 100 million monthly active users and aims to be one of the leading Indian OTT players. Currently driven by an Advertising supported video-on-demand model, Voot will continue to build scale by diversifying from 1 business model of AVOD to 4 – VOOT AVOD, VOOT Kids, VOOT International and VOOT Freemium. With the freemium model, Voot plans to invite more first-time users, and give them a preview of their original, exclusive content. The monetization and revenue plan will largely be advertisement driven, but premium services for pay-per-view subscribers will also bring in money. “The current digital advertisement market is around INR 1,200 crore and will push up to INR 6,000 in the next 2-3 years. We hope to exploit that,” Gandhi said.
The group’s streaming platform Voot witnessed a “significant improvement” in monthly active users with the resumption of fresh content during the pandemic, the company said without specifying the exact number. The average user spent around 52 minutes on the OTT (Over the Top) service every day. A spokesperson for Voot said, “Voot enjoys the most loyal audience amongst broadcaster-OTTs.”
“People are willing to pay for compelling and binge-worthy stories,” asserts Sudhanshu Vats, the ex-CEO, on the shift to freemium.
So Voot, which till now was running primarily on catch-up content and a bit of value-added content from the extensive Viacom library (that boasts shows from Colors, Tigerish, MTV, etc), is now trying to create original, digital, binge-worthy content.
Voot – Partnership
Online streaming platform Voot, has announced its partnership with online higher education company, upGrad, to enable the consumers and working professionals to seamlessly access entertainment and education videos, all under one roof.
Voot has also announced its association with Cult.Fit, a health and fitness startup
Voot is also associated with Isha Foundation, founded by Sadhguru Jaggi Vasudev that aims to bring physical, mental and spiritual wellbeing.
Voot has also announced a strategic partnership with India’s leading content powerhouse Shemaroo Entertainment Ltd. to provide its live linear channels Shemaroo TV and Shemaroo MarathiBana to the millions of users of Voot.
Airtel has partnered with Voot to bring more premium digital content to its Airtel Xstream platform.
Voot also competes with Netflix and Amazon Primein India but these two platforms are way ahead when it comes to audience reach.
Differentiating Voot from competitive platforms, Gourav Gandhi says: “The others are just catch-up TV; we are an on-demand video service.”
Voot – Challenges Faced
Voot was launched in May 2016, with a strong focus on mobile. The marketing team needed a strong attribution and measurement solution that would not only improve the speed and accuracy of multiple campaigns running at any given point in time but also garner rich consumer insights. Voot’s data-eccentric approach showed a decline by 80% in cost per acquired user.
Gourav Rakshit, COO, Viacom18 Digital Ventures, said, “The foray into the subscription space with VOOT Kids is the first step in our journey towards building an entire digital ecosystem under brand VOOT. In VOOT Kids, we are bringing an offering that is child-friendly, yet parent focused, and gives them an opportunity to bond with an immersive co-consumption experience.”
VOOT Kids will be Viacom18’s first-ever digital subscription service providing immersive content delivered through an elevated product experience and seamless game-play.
The monetization and revenue plan will largely be advertisement-driven, but premium services for pay-per-view subscribers will also bring in money. “The current digital advertisement market is around INR 1,200 crore and will push up to INR 6,000 in the next 2-3 years. We hope to exploit that,” Gandhi told.
With this launch, VOOT Kids will bring alive the ‘Masti Main Acchai’ brand idea, through a high decibel integrated marketing plan that will reach over 50 million households driven by a mix of print, on-air, on-ground activation, and digital outreach.
Voot Kids Logo
OTT watch time has been doing phenomenally well in their journey of three years and has grown at 8x. With 60,000 hours of content, the consumption on VOOT has also grown significantly from 34 million+ active users to 50 million+ as of now. The average time spent has also continued to grow and is now pegged at 100 billion minutes of watch time, making VOOT the second largest Indian AVOD platform. With a commitment to offering quality and differentiated content in the digital ecosystem backed with technology and insights, VOOT now aims to reach 100 million monthly active users within the fiscal.
Voot was earlier a free of cost streaming platform, however, the company has recently changed that and is now offering customers premium content at a subscription cost of INR 99 per month and at INR 999 per year. However, it has not turned over to a fully paid platform as it still consists of free ad-supported content.
How do I install VOOT App?
Open Google Play Store on your Android smartphone. Use the search bar to find the Voot app. Download and install the application on your smartphone. Open the Voot app.
How do I buy a VOOT subscription?
Many Television Channels and News Channels as well. You can subscribe to VOOT on a yearly subscription basis for INR 499 or on a monthly subscription basis that will cost INR 99.
Can I cancel the VOOT subscription after the free trial?
Go to settings and click on the Subscription section. This screen will have your subscription details. Click on the ‘Cancel Subscription’ button at the bottom of the screen and confirm that you want to cancel.
Which country owns VOOT?
Voot is an Indian subscription video on demand (SVOD) service. Launched in March 2016, it forms the online arm of Viacom 18. It is Viacom 18’s advertising-led video-on-demand platform that is available as an app for iOS, KaiOS (JioPhone), and Android users, and a website for desktop consumption.
Is Viacom 18 owned by Reliance?
Viacom 18 is a joint venture of Network 18, the media group controlled by billionaire Mukesh Ambani, and U.S. media conglomerate Viacom.
Voot – Conclusion
Voot, the four-year-old Over the Top (OTT) video platform of Viacom 18 is shifting models from free to freemium. It is altering its content mix, making some big-bang investments in creating Originals. It went International, launched in the UK in 2018. In parallel, it is going aggressively regional as well. Also, VOOT Kids is India’s first and only multi-format kids app. No other kids app offers watch, read, listen and learn all in one place.
Viacom18’s digital video-on-demand streaming service, Voot, as a part of their growth strategy, has also announced the expansion of its services in India. The company will introduce 30 original shows and it will introduce four new services for its advertisers and audience.
Planning for a startup with your friend? But want to look cool just like in movies or TV shows? But it is also true that you can’t spend the whole day sitting in a café without ordering coffee. Coworking spaces are a great deal you can go for. They are changing the market and supporting people towards their dreams. So, as our part, we are providing this post to support your dreams and to know what is coworking space? benefits of coworking space, etc.
Coworking space is a business for some people and a home to many startups. It is a place where people can get some space to work on their projects. When you don’t have a good environment at home to work or a safe place to discuss your startup idea, they will be helpful.
You can get a membership and spend your whole day working on your desk. You can even get some space just for one day. Many coworking spaces provide separate cabins. If you think you need a private space, then you can get it in exchange for some more bucks. You can also do some business meetings there if your coworking space allows you to. Almost all the main cities have coworking spaces these days. However, you should choose wisely, considering your budget and your aim.
“The complaints about working from home have always been, number one, loneliness, and number two, productivity. Corporations are realizing that, if they want their remote workers to be productive and happy, they need to let them work.” –Steve King, Emergent Research, for Shareable
Coworking Space
Benefits of Coworking Space
Networking
You are not the only one who will use a coworking space. There will be many other people around you. That is why it is called a “co-working” space. Hence, you will meet many new people and you can even collaborate with them.
Affordable
If you are thinking of setting up your own office for your startup then think again. Setting up an office will require space, furniture, and some other basic facilities. This will cost too much. Even if you pay for your team members too in a coworking space, it will still cost much less than setting up an office. If you are in your initial days, go for coworking space, then set up an office when you start making a good profit.
Atmosphere
Coworking spaces have a great atmosphere for working. It is because of the fact that most of the people around you will be energetic and motivated, which will eventually motivate you too. So, by seeing others working hard, you will also feel working hard, instead of “hard-working”.
Meeting Room: Most of the spaces have a dedicated meeting room with video conference facilities. As a freelancer, you don’t need this facility, but it might save your butt if you have a startup.
Wifi
Every place offers free wifi these days, and startups and freelancing are all about the internet. Then how can they lack this? You don’t have to worry about your data while working and you can focus on your work.
Flexibility
If you are a frequent traveler, then coworking spaces might attract you. You can easily go to any space and do your work when you are in a different city. You don’t have to worry about having an office in other cities. And most of the cities have coworking spaces these days. You might not find your “perfect” space, but they will be definitely better than your hotel room for work.
For Companies
Do you own a company but don’t have much space in your office to get more employees? Just get a membership for some employees who can work outside of the office. This will be better than setting up another office for just a handful of people.
If you have decided to go for some co-working space, then the following are some coworking space features you can expect to get from any good coworking space.
Location
If you commute through the bus and other public vehicles, then look for a space near the bus stand. Or just look for a coworking space near your house. Moreover, look for space that will be easy to find for your clients. And it should also have a good parking facility
Security
The coworking space you choose should have a proper arrangement of security. At least, the place should have a guard. However, it is obvious these days, but still, take a look if they have security cameras in that place or not. You may need them someday.
Equipment
You might not need a printer or scanner in your profession, but you might need it so badly someday. So make sure they have a printer, scanner, and other office equipment.
Noise
Do you like to work with some rocking songs in the background, or do songs distract you? Notice the sound they have in their space. You can ask for it from their manager too if they have another space with a noise-free environment or white noise in the background.
Wifi
The Most important feature to look for. Check their wifi speed. Not just download speed, but for upload speed too. Also, check if your mobile signal is working properly in that area or not.
Amenities
Check out the bathrooms of that a space. Don’t go to space which doesn’t have good bathrooms. Bathrooms affect your health directly. Also, check if they have a canteen or kitchen. Moreover, check their coffee machine because coffee is the most important thing to do your work.
Meeting Rooms
Already discussed them above. So, you know how important they are for you in a coworking space. Check the facilities they provide in the meeting room. The most important thing to look for in a meeting room is a projector or a LED TV and the number of seats they have in there.
Culture
Every shared office space has its own culture. It’s always good to work around like-minded people. Your surroundings play a huge part in the level of productivity, so finding a space that caters to working style and preferences is crucial.
You can ask about these facilities directly to them or just spend a day there. Ask if they give a free demo of their space or not. If not, then get a subscription for just one day.
High-speed internet so you can sit back and get through your daily activities.
Dynamic business lounge for organizing business meetings and for your personal time.
Round the clock camera surveillance for better security and immunity to loss of items.
Individual storage units with locks to protect your gadgets and personal documents.
Save electricity so that even one second of your work schedule is not wasted.
Ergonomic swivel chairs that give you a healthy sitting position and allow you to work efficiently with comfort.
Several plug-in ports to connect all your gadgets and equipment.
Prices of Coworking Space
The prices of coworking space vary according to cities or areas. In some small cities, it will be much more expensive than in other big cities. However, you can expect a price tag of Rs. 5000 per month on average, for a good coworking space. But I would still advise you to ask your space directly. It can be less or more.
CoWorking Space as Business Opportunity
If there is a problem, there is a business! So, you can also earn a lot by providing a co-working space in your city. However, you will need a good amount of investment for the place and its furnishing. If you have an abandoned building, then invest some money and create a passive income stream.
Coworking space will be a great option to go for if you are a freelancer or a startup. You cannot rely on the public library or cafes for your work. And you definitely cannot work all day home. So go to some coworking space and socialize with some new people. You might get a chance to work for a startup as a partner.
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Coworking space meaning- Coworking space is a business for some people and a home to many startups. It is a place where people can get some space to work on their projects. When you don’t have a good environment at home to work or a safe place to discuss your startup idea, they will be helpful.
How does a coworking space work?
Coworking space is a business service provision model that lets individuals and teams work independently or collaboratively in a shared office space. Even though it’s a shared office space, a coworking space provides an environment that simulates the environment found in an established venture.
Are coworking spaces worth it?
A coworking space is an extra cost, however, if you become more productive you will very likely have a lot more money in the bank to invest in your career.
Why are coworking spaces popular?
Some of the reasons for the growing popularity of coworking places include: They offer a professional setup for your business providing you with a really nice place to meet your clients rather than “that random corner of a coffee shop”. They help you in networking with the related people in your field.
What should a coworking space have?
A coworking space should have Location, Community, Mind the equipment, Safety and Conference rooms.
Many reports and studies have labeled the millennials as the ‘most health conscious generation ever’. From eating healthy to doing exercises, millennials are investing both more time and money to stay fit, as compared to the earlier generation. Yet, owing to their busy lifestyles, many youth fail to maintain a proper and balanced diet. While nutritional supplements can make up for such dietary deficiencies, it is important that we buy only genuine and good quality supplements. The matter of concern here is that the nutritional supplement market in India is full of fake products which can do more harm than help. To fulfill the demand for quality nutritional supplements, Mumbai based startup Scitron was formed. Scitron offers 100% genuine supplements, and buyers can easily check the authenticity of the same via the TrueMPN app. We interviewed Scitron co-founder Ravi Mohanlal Rohra, to know about startup, and their products, which are now becoming quite popular among health enthusiasts.
Scitron is a brand that aims to deliver high quality nutritional supplements that are accessible to everyone and that yield best results when consumed. Scitron’s products include whey protein, whey protein isolate, gainers and other workout essentials like amino acid supplements. The startup also offers gym accessories like gym bags and shaker bottles.
“With a strong focus and passion for innovation, we are on a constant quest to bring together the best of science and technology to provide better nutrition and help those who want to reach their pinnacle of physical strength and health.” Scitron co-founder Ravi Mohanlal Rohra says quoting the startup’s mission
Scitron has partnered with the leading players in the ingredients industry, and ensures that only best quality ingredients are imported, so that the best quality nutritional products can be offered to the customers. Scitron sources its raw materials directly from the world-renowned Glanbia Nutritionals.
Each of Scitron’s nutritional supplement is driven by research from pharmaceutical expertise which ensures 100% genuine supply of protein. Scitron makes sure that their supplements are made with an easily soluble formula, and contains carefully sourced and premium ingredients to give it a rich, delicious taste. You can buy Scitron Products from the company’s website, from leading e-commerce sites like Amazon, Flipkart, Healthcart etc or from health supplement stores near you.
Scitron – Founders & Team
Ravi Mohanlal Rohra- Co-Founder of Scitron
Ravi Mohanlal Rohra and Dilip Mohanlal Rohra are the founders of Scitron.
Scitron co-founder and COO Ravi Mohanlal Rohra, is an alumnus of New Jersey Institute of Technology, where he studied ‘Master of Science’. He also holds a commerce degree from Jai Hind College Mumbai. Ravi has a vivid experience of working in various technical positions with companies like Champion Mortgage, BEA Systems, Delta Dental and Lord, Abbett & Co. LLC. He was also a broker at real estate company Century 21 from 2004-2007. Besides Scitron, Ravi has also been serving as the Director of health supplement importer MusclePro Nutrition Pvt. Ltd., from 2012 till date. Ravi handles the production as well as marketing aspects of Scitron.
Scitron co-founder and Managing Director Dilip Mohanlal Rohra, has over 25 years of experience across various industries like personal care, textile and nutritional supplements. Dilip looks after sales as well as other operational aspects of the business.
Scitron is backed by a loyal team, that is highly experienced in the sports nutrition sector.
Good quality nutrition has always been a subject of interest personally and professionally for the founders of Scitron. Both Dilip and Ravi Rohra has been associated with the nutrition industry well before Scitron was started, and were aware of the dearth of genuine nutritional supplements in the Indian market. This is where they found the motivation to start a nutritional supplement brand of their own to meet the demand for quality nutritional supplements. Explaining the motive behind starting Scitron, Ravi says –
“Our experience showed that there were not many companies who were interested in using science in delivering efficacious doses of nutrition. This is fundamental in delivering a product that provides quality nutrition. We believe that there is no replacement of whole food options but at the same time we accept that a little help from supplements in our busy lives allows us to achieve our nutrition goals. With our experience from Sports Nutrition, we started working on Scitron to deliver good nutrition based on fundamental principles of using Science & Technology in Nutrition. Our research started with using our knowledge and asking every day active people if they would be interested in something like that. With an astounding response from the community, we started the journey to develop our products”
Scitron – Name & Logo
The Scitron team believes in the use of Science and Technology for developing nutritional products, and thus the name Scitron is a combination of the words ‘Science’, ‘Technology’ and ‘Nutrition’.
Scitron Logo
Scitron – Revenue Model
Being a product company, Scitron is working on the traditional inventory model. All the products are offered to the company’s distributors and retailers at competitive margins that prevail in the industry.
Scitron – Customer Acquisition Strategies
Scitron’s association with Musclepro Nutrition (MPN), who are the distributors of some of the top global supplement brands, has helped Scitron acquire its initial set of customers. The startup has been slowly penetrating into the MPN network for adoption of its products.
Challenges Faced by the Scitron Team
Previously when Dilip and Ravi were distributors of Nutritional supplements, the challenge they faced was that of lack of full control over the business, as their business decisions were influenced by the business decisions of the primary company, which’s products they are distributing. It is to solve this challenge that the Scitron co-founders, who are also brothers started their own supplement company where they are independent to take their own decisions and actions as required for the growth of the business. As Ravi describes,
“As a distributor, you do not have control over the decisions that are taken by your principal company but you may end up paying the price for it. . Our biggest learning was that in order to control your destiny, you have to take charge of the brand from the initiation and lead the success story by integrating all aspects of ethe business.”
It has been almost 18 months since Scitron’s launch and the company is on a fast pace of growth. The team expects to grow over 100-200% in the current year and expect the next year will look the same. Despite the Covid setback, Scitron is all set to achieve the growth targets, with its expanding range of innovative products.
“Health is one of the fastest-growing industries. Even during Covid, you do see people flocking to some home based fitness regiment. The stronger we are, the easier it is for us to battle this pandemic. As per our estimates the industry is over 3000 crores overall and it is growing at a pace of 20- 30% every year for the next five years. The biggest contributors to this will be brands like Scitron who are leading the innovation game and will continue to dominate the space.” Scitron founder Ravi Rohra says speaking about the future of the nutritional supplement industry in India.
There was a recent news headlines which said SEBI has slapped INR 25 crore fine on Ambani’s due to the 2000 case over the allegation of violation of the takeover code regulations. Let’s look at the below article to get a clear understanding about the regulation and the reason for imposing the fine.
Substantial Acquisitions of Shares and Takeovers (SAST) Regulations 1997
According to the Substantial Acquisitions of Shares and Takeovers (SAST) Regulations 1997, If a company’s promoter group acquires more than 5% of the voting rights in the company, during a financial year. Then the company will have to make an open offer to the minority investors which will give them an option to exit the company if required.
What Happened with the Ambani family?
SEBI has fined the Ambani family which include Mukesh Ambani, Nita Ambani, Anil Ambani, Tina Ambani and the various other firms linked to the Ambani group. It is because they have been alleged for violation of the takeover code regulations in 2000.
The case is because of the increase in the promoter stake of the Reliance Industries Ltd. (RIL) which is during January 2000. The promoter stake in the company was increased after the conversion of various warrants which was issues during 1994.
In January 2000, the promoter stake of Reliance Industries Ltd (RIL) had increased to 6.83% from the maximum limit of 5% according to SEBI. Securities Exchange Board of India has even alleged that the company or the promoter group had failed to make an offer to the minority investors providing them an opportunity to exit the company.
SEBI has said that the promoter group of Reliance Industries Ltd had failed to make an open offer as required under the norms issued.
SEBI has said that in the instant case the violation was not just committed for a particular year or once and for all but it continues till date, that is even now the promoters of Reliance Industries have the majority voting rights in the company.
In an 85-page adjudication order it was written that the violation of the statutory provisions by which the acquisitions of securities giving the notices that is the Ambani family has provided enhanced control by the exercise of voting rights, etc.
Which is a disobedience against the regulation and these are violations which are being continued so long as the voting rights are acquired by violating the letter and the spirit of the law.
SEBI has said that the notices have been alleged because they have been failed to make a public announcement, when they were acquiring more shares of the company to increase the promoter holdings. This has led the other shareholders to be deprived of their statutory rights and opportunity to exit from the target company.
This has led the promoter group of Reliance Industries Ltd to breach the provisions of Substantial Acquisitions of Shares and Takeovers (SAST) Regulations 1997. All these charges against the notices will make the instant matter grave.
The SEBI order has said that it has been difficult to ascertain the value of the unfair advantage made by RIL promoter group due to this violation.
SEBI had said that while determining the amount of penalty they have not found any amount which can be expressed as figures or any data which can be used to record the gain received by the promoter group because of this violation and the amount of loss which has been caused to the minority shareholders in the company as a result of the default that was committed.
Under Section 15H of the SEBI Act which was amended in October 2002, a maximum penalty of INR 25 crore or three times the number of profits made out of the failure is allowed.
The Regulator has said that the penalty of INR 25 crore will have to be paid together by the 34 individuals who are named in the SEBI order which includes the mother of Mukesh Ambani and Anil Ambani and even the children of Mukesh Ambani and Anil Ambani. The amount is said to be paid within 45 days.
SEBI and Ambani
In November 2020, in reply to the regulator SEBI said the Ambani family that the issue of warrants and the issue of shares on conversion of warrants were not to subject to SEBI’s Substantial Acquisitions of Shares and Takeovers (SAST) Regulations 1997.
The Reliance promoter group had responded to SEBI saying that the initiation of the adjudication proceedings in the particular case with a large misappropriate delay was unreasonable, arbitrary and causes substantial prejudice to the notices.
FAQ
What is the number of Mukesh Ambani in world richest person?
Reliance Industries (RIL) Chairman Mukesh Ambani is the eighth richest person in the world with a fortune of $83 billion, according to the Hurun Global Rich List 2021.
Who is the CEO of Jio?
Atul Kansal is the current CEO of Jio.
How much did Ambani earn in lockdown?
According to the Oxfam report, Ambani earned Rs 90 crore per hour during the coronavirus pandemic.
Conclusion
The market regulator had issued the show cause notices (SCN) regarding this matter in February 2011. That is almost 11 years after the allegation of violation.
This figure needs no introduction. The man with the citizenship of South Africa, Canada, and the United States, the entrepreneur is without second thoughts the most talked about man in the tech industry now. There’s nothing that this man can achieve. At 47, he has achieved almost everything one can dream of. Starting from launching rockets into the orbit, making cash payment easy (through PayPal), launching electric vehicle, and building Hyperloops, Musk has had his finger in all possible pies. His appearance in television shows and gracing award shows makes him a favorite for tabloids. His appearance in Rick and Morty, a television series that has gained a huge following, attests to his popularity. Elon Musk is the real-life Tony Stark!.
Elon Musk”s net worth is $176.4 Billion as of April,2021.
Born in Pretoria, South Africa, Elon always wanted to do something big about his fantasies. He was lost in his imaginary world so much that his parents had to consult a doctor to have his hearing checked.
To see your parents getting separated is the last scene a child would like to see. It leads to all kind of trauma. Elon, who was ten at the time of his parent’s divorce, kept himself from getting distracted by immersing himself in the world of computers. At twelve, he created his first software, a game called Blastar.
As a child, Elon was an introvert and a bookworm. Unfortunately, he was bullied at school until he learnt karate and basic wrestling.
Elon Musk has founded and has been associated with many companies. He founded Zip2 Corporation in 1995 and later launched other companies like X.com, Space X, The Boring Company, and more. He is the CEO, and product architect of Tesla.
Elon Musk-Zip2 Corporation
Elon Musk Zip2 Corporation Logo
The startup Zip2 Corporation provided Elon’s first shot at becoming a household name. Elon and his brother, Kimbal Musk, were the founders behind Zip2 Corporation. Zip2 Corporation was an online city guide and provided content for companies like The New York Times and the Chicago Tribune. A division of Compaq Computer Corporation brought Zip2 Corporation for $307 million.
Elon Musk-PayPal
Paypal Logo
His next step to fame was introducing X.com, which later became PayPal. He worked with Kimbal Musk and the brothers used the money received from the sale of Zip2 to set up X.com in 1999. X.com (PayPal) was an online financial services and payments company. Acquisition by another domain of the same name lead to a name change and the company was renamed to PayPal. Elon’s net worth saw a steep rise in 2002 when PayPal was acquired by the giant eBay for $1.5 billion.
Elon Musk-Space X
space X Logo
The name Space X will be forever associated with Elon Musk. Space X stands for Space Exploration Technologies Corporation. Space X was launched in 2002 with the intention of exploring the outer world for commercial purposes. The rise of Space X wasn’t linear, there were many obstacles in the path. Numerous rocket failures during launch plagued a smooth sail. The invention of Space robots and much more space equipment made headlines all around the world. In the year 2008, when Space X had cemented its reputation, NASA awarded the company a contract to handle cargo transport for the International Space station. This move was made to replace NASA’s own space shuttle missions.
2012 was a grand year for Musk and Space X when the Falcon 9 rocket was launched into space. Falcon 9 was sent to the International Space Station with 1,000 pounds of supplies and extra backup for the astronauts. This was a significant synergy as a private company was collaborating with the International Space Station. A successful attempt to carry a satellite into the geosynchronous orbit was achieved by Falcon 9. It was a landmark achievement since this was a distance at which the satellite would lock into an orbital path matching the earth’s rotation.
There were more successful attempts by Space X to revolutionize the spacecraft industry and recently, they launched a batch of 60 rockets into space which was followed by another batch of the same size in November 2019.
Safe to say, mankind wouldn’t have seen such rapid achievements in a decade had it not been for Elon Musk.
Elon Musk-Tesla Motors
Tesla Logo
The automotive industry is another domain Elon Musk has established his dominance in. Elon is the co-founder, CEO and product architect at Tesla Motors. Tesla Motors was founded in 2003. This company develops affordable and eco-friendly mass-electric cars and battery products.
The unveiling of the iconic Roadster in 2008 was a milestone for Tesla. Roadster can accelerate from 0 to 60 mph in just 3.7 seconds and has upset many sports cars brands that were unchallenged till now.
Model S, the company’s first electric Sedan was another offering that took the industry by storm. Model S was awarded the 2013 Car of The Year award due to its capability to cover 265 miles between consecutive charges.
Elon Musk-The Boring Company
The Boring Company Logo
The most recent offering by Elon Musk is The Boring Company that was launched in 2017. This company is devoted to boring and building tunnels to ease traffic. The foundation of The Boring Company was laid by a test dig on the Space X property in Los Angeles.
In 2019, the company received a $48.7 million contract from the Las Vegas Convention and Visitors Authority to build an underground loop.
Achieving multimillionaire status and envy worthy success in mid 20s is no less than legendary. At the age when children spend most of their time mugging up science theories, Elon Musk had created his own software. With the wish to work for the betterment of humanity, Elon has already garnered a dedicated following. While most billionaires indulge is philanthropy for publicity, Elon Musk has his sights set on doing noteworthy deeds that would be remembered for generations to come. The kind of inventions Elon Musk is coming up with makes him a real life Tony Stark!
Elon Musk – FAQs
Who is the richest person in world?
Elon Musk is among the top ten richest people in the world as of March 2021.
When was Elon Musk born?
Elon Musk was born on June 28, 1971.
What is net worth of Elon Musk?
Elon Musk has a net worth of $176.4 billion dollars.
What is the Education of Elon Musk?
Elon Musk is a graduate in 1997 with a Bachelor of Science and Bachelor of Arts from the University of Pennsylvania.
What is the Elon Musk age?
Elon Musk is 49 years as of April 2021.
Why is Elon Musk so famous.?
At the age when children spend most of their time mugging up science theories, Elon Musk had created his own software. Elon Musk came to the limelight in May 2012, after his founded company SpaceX launched a rocket that would send the first commercial vehicle to the International Space Station.
Bajaj group is one of the oldest, largest and one of the most renowned Indian conglomerate company. Bajaj group was founded in 1926 by Jamnalal Bajaj during India’s movement towards independence.
The journey of Bajaj group started ninety years back with establishing a sugar factory in Lakhimpur Kheri, Uttar Pradesh. Now the company is amongst the top ten business houses of India.
The chairman of Bajaj Group is Rahul Bajaj and has its headquarters based in Mumbai, Maharashtra. The company comprises of 40 companies as it has its footprint in many different industries such as spanning automobile, home appliances, lightning, iron & steel, insurance, travel and finance. The Bajaj group aims to cater the diverse needs of their consumers and add value with their innovation and vision.
The Bajaj group has become so successful for more than 10 decades because of its subsidiaries like Bajaj Auto, Bajaj Finserv Ltd, Hercules Hoists Ltd, Bajaj Electricals, Mukand Ltd, Bajaj Hindusthan Ltd And Bajaj Holding & Investment Ltd, Etc.
Bajaj Auto is currently ranked as the fourth largest two and three wheeler manufacturer in the world. Bajaj is popular brand in countries of Latin America, Africa, Middle East and South East Asia.
The company has so far helped in the growth of many industries and upliftment of millions across the country. Under the guidance of Rahul Bajaj, the Bajaj Auto went from being Rs 72 million company to a Rs 120 billion company. Currently, the Bajaj Group has 90 plus years of experience with a market capitalization of Rs. 3.9 trillion as of 2018 and over 36,000 plus employees worldwide.
The Bajaj Group of companies was founded by Jamnalal Bajaj in 1926 during the freedom struggle of India. Jamnalal Bajaj was also a known freedom fighter during the Indian independence and also a close confident of Mahatma Gandhi. In 1931 Jamnalal started a sugar factory in Lakhimpur Kheri of Uttar Pradesh which later becomes a flagship company of Bajaj group (renamed as Bajaj Hindustan Ltd in 1988).
In 1954 the eldest son of Kamalnayan Bajaj took over the management of Bajaj Group, after completing his education in University of Cambridge. Kamalnayan Bajaj is responsible for expanding the business into the sectors of scooters, two and three wheeler, cement, steel and electrical appliances. The Bajaj Auto earlier known as Bachraj Trading Corp was founded in 1945.
The history of Bajaj Group
By 1948, Bajaj Auto has started its sales in the country by importing two and three wheelers. After the death of Kamalnayan Bajaj, his younger brother Ramkrishna Bajaj. Ramkrishna’s concentrated more towards social service and social welfare programmes of Bajaj Group. By 1965, Rahul Bajaj took over the business as the chairman and managing director of Bajaj Group.
At that time, were many rules and regulation in India which is why the company was restricted to only producing 20,000 units a year. This created a gap between the demand and supply, Rahul Bajaj ignored the restrictions to increase its productions, reduce its cost in order to create what we now know as a beloved Indian brand.
Under his leadership the company got into many selective international markets, and launched products that redefined entire categories in the market. In the 2000s, the company witnessed split’s as Rahul’s brother Shishir Bajaj, as they went their separate ways with Bajaj Hindustan and Bajaj Consumer Care. Bajaj group has revenue of more than Rs. 50,000 crore and is comprised of 40 companies all of them are managed independently by family members.
Bajaj Auto Limited is an Indian multinational two and three wheeler manufacturing company that has its headquarters in Pune, Maharashtra. The company is known to be the third largest manufacturer of motorcycles in the world and the second largest in India. Bajaj Auto is now a global behemoth thanks to the efforts of Rajiv Bajaj who steeped to become its Managing director in 2005.
Bajaj Auto is popular for its motorcycles, scooters, auto rickshaws and a pioneer for introducing the first ever Quadricycle, Qute in India. The automobile company has manufacturing plants in Chakan in Maharashtra, Waluj and Pantnagar in Uttarakhand. In 2020, Bajaj Auto reached a market capitalization of $13.6 billion, making it the most valuable two wheeler company in the world.
Bajaj Auto popular three wheeler
The most well-known vehicle of the Bajaj Auto is the Pulsar range of bikes which revolutionized the two wheeler market in the country as it was affordable and reliable. In 2007, Bajaj Auto went on to acquire KTM an Austrian company, which became the fastest growing motorcycle brand of the country in 2018 because of its Duke range of bikes. Bajaj Auto exports to 70 plus countries and has a significant share of revenue come from exports.
Export share for Bajaj Auto FY 2020 by region
Currently, the company offers a total of 18 bikes including 17 new bikes in India alone, out of which 3 are cruiser bikes, 10 commuter bikes, 3 sports bikes and 1 scooter. By 2021, Bajaj has got a total of 660 dealerships spread across 408 cities of India. In the year of 2018 to 2019, the company sold five million vehicles with the highest ever 1st turnover of Rs. 31,899 crores and over 2 million sales unit to over 79 countries.
Mukand Limited is a Bajaj subsidiary that manufactures stainless steel and iron products, steel castings, steel structures, alloy steel and stainless steel billets and also an exporter of hot rolled bars.
The company also manufactures Electrical Overhead Travelling (EOT), port equipment, process plant equipment for ferrous and non-ferrous industries and other cranes such as the country largest crane which has a capacity of 80 tons.
about Mukand Limited
The company was established by Seth Mukand Lal in 1929 in Lahore. It wasn’t until 1989 that it was acquired by Bajaj Group. Mukand Ltd has a steel manufacturing and rolling capacity of more than 500,000 metric tons per year.
It also produces over 400 different products that are specially engineered for clients across the world. The company is a leader of steel technology in India because of its use of advanced technology, sustainable in house research and development.
Mukand is a pioneer in the industry because it was the first in India to successfully adopt the vacuum oxygen technology for manufacturing of stainless steel and also the fourth in the world to introduce the continuous cooling system for wire rods.
In 2013 and 2018, the company formed joint ventures with Sumitomo Corporation of Japan. Mukand Sumi Special Steel Limited and Mukand Sumi Metal Processing Ltd are the two joint ventures between the two companies.
Bajaj Electricals Limited
Bajaj Electricals is an Indian consumer electrical equipment manufacturing company. This company that has its headquarters Mumbai, Maharashtra and is among the most trusted and well respected company with an experience of more than eight decades.
The company is a leader in the industry of electronic consumer products and is known for its products in lighting (lamps, tubes and bulbs), luminaries, appliances, fans and LPG based generators.
Bajaj electrical home appliances
It also has a strong presence in home appliance and cookware segments with brands like Morphy Richards and Nirlep. Bajaj Electricals also offer services in engineering and these projects usually include transmission line towers, telecommunication towers, high mast, poles, projects in wind and solar energy. This company has 19 branch offices, with more than 1000 distributors and 4000 authorized dealers across the country.
It also has its products in over 400,000 retail outlets and 282 Customer Care centers. So far its highest turnover was Rs 6,744 crore in the FY 2018 to 2019. Bajaj Electricals has set up its offices in countries of Africa, Middle East and China and is also continuously expanding its global footprint.
Bajaj Finserv Limited is an Indian financial services company that provides services like lending, asset management, wealth management and even insurance. The company has more than 20,154 employees that are working in more than 1,409 locations and focuses on consumer finance business, life insurance and general insurance.
According to the Economic Times, Bajaj Finserv is ranked 119 in the Economic times 500 list of 2014. The company is also listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Apart from providing financial services the company also is also known for its services in the wind energy generation with a capacity of 65.2 MW.
Bajaj Finserv was earlier the financial wing of the Bajaj Auto, but the company demerged from Bajaj Auto in 2007. The company offers a wide variety of financial services for multiple needs, Investment and saving options, asset protection through general insurance, family protection and income protection provided under the life, health insurance, retirement and savings solutions.
analysis of the companies of Bajaj Group
Bajaj Hindusthan Sugar Limited
Bajaj Hindusthan Sugar Ltd is another major subsidiary of Bajaj Group. The company is known for being the number one sugar and ethanol manufacturing company which is headquartered in Mumbai, Maharashtra. It is also the largest sugar producer of the country. Bajaj Hindusthan is the country’s largest ethanol producer as it produces more than 38 million liters of ethanol per year.
The company’s main sugar manufacturing plants in Gola Gokarannath and Palia Kalan in the Terai region of Uttar Pradesh which is rich in producing sugarcane. The Chairman of Bajaj Hindusthan Ltd is Kushagra Bajaj. BHSL is one of the first companies that was established by Jamnalal Bajaj in 1931, which was renamed in 1988 to Bajaj Hindusthan Sugar Limited.
The company so far has over 14 manufacturing plants Golagokarannath, PaliaKalan, Khambarkhera, Barkhera, Kinauni, Gangnauli, Thanabhavan, Budhana, Bilai, Maqsoodapur, Pratappur, Rudauli, Kundarkhi and Utraula all in the state of Uttar Pradesh. The sugarcane crushing capacity of all these plants is 136,000 tons per day and a distillery capacity to produce 800,000 Lt of alcohol per day.
Another Bajaj Group subsidiaries which is a leader in an industry is Hercules Hoists known for the hoisting technologies. The company provides services such as Lifting, moving, storing which include Mechanical hoists, electric chain hoists, wire rope hoists, EOT/HOT cranes, light rail crane, ergonomic handling solutions, and floor operated stackers among others.
So whether it is mechanical or electrical, the company will help their clients with hoisting and premium products. Hercules Hoists became a part of Bajaj group in 1962 and was made in collaboration with Heinrich de Fries from Germany. The company has so far also helped develop other brands such as INDEF, Stier, iCRANE, iSTACKER in order to support the market for specialized products.
Hercules Hoists has its corporate offices in Belapur, Khalapur and Chakan and sales office in Pune, Delhi, Kolkata and Chennai. The company also has a vast outreach with 50 Authorized Business Partners and close to 100 Authorized Retailers in the country.
Frequently Asked Questions
What does Bajaj group do?
Bajaj Group is an Indian multinational conglomerate that provides services in sectors of Automobile, Financial services, Home appliance, Electrical appliances, Insurance, Manufactures iron and steel products, etc.
What are the subsidiaries of Bajaj group?
The subsidiaries of Bajaj group are Bajaj Auto Limited, Mukand Limited, Bajaj Electricals Limited, Bajaj Finserv Limited, Bajaj Hindusthan Sugar Limited and Hercules Hoists among others.
Who is the chairman of the bajaj group?
The chairman of the Bajaj group is Rahul Bajaj.
Where is the headquarters of Bajaj Group?
The headquarters of Bajaj Group is in Mumbai, Maharashtra.
Conclusion
Bajaj group is one of the largest, oldest and respected conglomerate in India, with a market capitalization of Rs 3.9 trillion. The company started more than 9 decades and is a leader in the sectors of Automobile, Financial services, Home appliance, Electrical appliances, Insurance, Manufacturing iron and steel products. With the success of every individual subsidiary under it the company is sure to grow bigger.
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Siemens Limited is a holding company engaged in the manufacturing of electric motors, generators, transformers and electricity distribution, and control apparatus; general purpose machinery, and electrical signalling, safety or traffic-control equipment.
Its segments include Power and Gas, providing solutions for generation of electricity; Energy Management, supplying services for transmission and distribution of electrical energy; Building Technologies, providing buildings and infrastructures; Mobility, supplying solutions for passenger and freight transportation; Digital Factory, including software solutions and automation technologies; Process Industries and Drives, providing solutions and services across life cycles for industry sectors; Healthcare, providing technology for healthcare industry; Metals Technologies, providing metallurgical plant building technology catering services, and design and engineering, and Others, including services provided to group companies and lease rentals.
Siemens AG is a German multinational conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad.
Siemens multinational company is a global technology powerhouse that brings together the digital and physical worlds to benefit customers and society. The company focuses on intelligent infrastructure for buildings and decentralized energy systems, on automation and digitalization in the process and manufacturing industries, and on smart mobility solutions for rail and road transport.
The principal divisions of the company are Industry, Energy, Healthcare (Siemens Healthineers), and Infrastructure & Cities, which represent the main activities of the company. The company is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the company’s total sales, is its second-most profitable unit, after the industrial automation division. The company is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 385,000 people worldwide and reported global revenue of around €87 billion in 2019 according to its earnings release.
Siemens – Founder and History
Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 1 October 1847.
Founders of Siemens
Based on the telegraph, their invention used a needle to point to the sequence of letters, instead of using Morse code. The company, then called Telegraphen-Bauanstalt von Siemens & Halske, opened its first workshop on 12 October.
In 1848, the company built the first long-distance telegraph line in Europe; 500 km from Berlin to Frankfurt am Main. In 1850, the founder’s younger brother, Carl Wilhelm Siemens, later Sir William Siemens, started to represent the company in London. The London agency became a branch office in 1858. In the 1850s, the company was involved in building long-distance telegraph networks in Russia. In 1855, a company branch headed by another brother, Carl Heinrich von Siemens, opened in St Petersburg, Russia. In 1867, Siemens completed the monumental Indo-European telegraph line stretching over 11,000 km from London to Calcutta.
In 1867, Werner von Siemens described a dynamo without permanent magnets. A similar system was also independently invented by Charles Wheatstone, but Siemens became the first company to build such devices. In 1881, a Siemens AC Alternator driven by a watermill was used to power the world’s first electric street lighting in the town of Godalming, United Kingdom. The company continued to grow and diversified into electric trains and light bulbs. In 1887, it opened its first office in Japan. In 1890, the founder retired and left the running of the company to his brother Carl and sons Arnold and Wilhelm.
Introduced in 1936, the new logo is executed in a modern yet simple sans-serif typeface, which is very similar to such fonts as Dialogue Pro Extra Bold and Lucida Grande Black.
Logo of Siemens
As for the colour palette of the Siemens visual identity, there are three options of using its logotype: tender and light turquoise, which is the main colour of the brand, evoking a sense of safety, reliability, and calmness; light grey, which stands for confidence and seriousness, and black, which is the colour of power and elegance.
Siemens – Mission
Siemens’ mission statement: Responsible: Committed to ethical and responsible actions with respect to legal and ethical standards. Excellent: Achieving high performance and excellent results from ambitious targets derived from vision and verified by benchmarks. Innovative: Being innovative to create sustainable value.
Siemens – Business Model
The Siemens Business model is divided into the following five main sectors and 19 divisions. Briefly, these are:
Industry – This sector includes Industry Automation, Drive Technologies and Customer Services divisions.
Products and services – Products in this category include building automation equipment and systems, building operations equipment and systems, building fire safety equipment and systems, building security equipment and systems, motors and drives for conveyor belts, pumps and compressors, heavy-duty motors and drivers for rolling steel mills, compressors for oil and gas pipelines, mechanical components, automation equipment and systems for production machinery and tools and industrial plants for water and raw material processing.
Energy – This sector includes Fossil Power Generation, Wind Power, Solar and Hydro, Oil and Gas, Energy Service and Power Transmission divisions. The company earned 26.6 billion Euros in Revenue in 2013. At present, it employs about 83,500 employees.
Healthcare – This sector includes Imaging and Therapy Systems, Clinical Product, Diagnostics and Customer Solutions divisions. The business unit is based in Erlangen, Germany with regional presence in different areas around the world. The company formally became Siemens Medical Solutions in 2001 and Siemens Healthcare in 2008. The company employs 49,000 employees with a larger concentration based in Germany.
Infrastructure and Cities – This sector comprises the Rail Systems, Mobility and Logistics, Low and Medium Voltage, Smart Grid, Building Technologies and OSRAM. This sector works towards solutions for urban mobility, environmental protection and energy conservation. The company employs close to 87,000 employees.
Siemens – Growth and Revenue
Siemens AG revenue for the twelve months ending June 30, 2020 was $80.401B, a 17.09% decline year-over-year.
Year
Annual Revenue
Percentage change
2019
$98B
-0.87%
2018
$98.856B
+7.73%
2017
$91.761B
+3.87%
Siemens – Funding And Investors
Siemens funding has raised a total of $5.2 Billion in funding over 2 rounds. Their latest funding was raised on Mar 15, 2018 from a Post-IPO Equity round.
Announced Date
Round
Amount
Mar 15, 2018
Post-IPO Equity – Siemens
€4.2B
Jul 19, 2010
Grant – Siemens
$8.9M
Siemens – Investments
Siemens has made 24 investments. Their most recent investment was on Apr 28, 2020, when Amply Power raised $13.2 Million.
Date
Organization Name
Round
Amount
Apr 28, 2020
Amply Power
Series A
$13.2M
Nov 28, 2018
ChargePoint
Series H
$240M
Jun 11, 2018
Claroty
Series B
$60M
Jun 1, 2018
ScreenPoint Medical
Venture Round
€4.3M
May 15, 2018
Northvolt
Venture Round
€10M
Nov 14, 2017
ubitricity
Corporate Round
–
Oct 1, 2017
Exchangium
Seed Round
$900K
Aug 16, 2017
Swinburne University of Technology
Grant
$135M
Jun 28, 2017
ChargePoint
Series G
$43M
May 2, 2017
Bonsai
Series A
$7.6M
Siemens – Acquisitions
The Siemens acquisitions list is long as they have acquired 69 organizations till date. Their most recent acquisition was Abacus Medicine on Jul 15, 2020.
Acquiree Name
Date
Amount
About Aquired Company
Abacus Medicine
Jul 15, 2020
–
Abacus Medicine is a large and growing business, a company where diversity is treasured
UltraSoC Technologies
Jun 24, 2020
–
UltraSoC Technologies provides SoC infrastructure to enable rapid development of embedded systems
Controls and Switchgear Ltd.
Jan 24, 2020
$297M
Controls and Switchgear Ltd. is a producer of electrical power distribution and switching systems
MultiMechanics
Nov 15, 2019
–
MultiMechanics is a CAE software company
Process Systems Enterprise
Sep 16, 2019
–
Process Systems Enterprise provides engineering and innovation services to the process industries
ESTEQ
Jun 11, 2019
–
ESTEQ is a distributor of product lifecycle management, product design and simulation, and manufacturing operations software and services
Mendix
Aug 1, 2018
$700M
Mendix is the fastest and easiest high-productivity platform to create and continuously improve multi-channel applications at scale
Comfy
Jun 26, 2018
–
Comfy connects people, places, and systems through one intuitive workplace app
Austemper Design Systems
Jun 22, 2018
–
Austemper Design Systems is an electronic design automation tools company that provides a comprehensive tool-suite
J2 Innovations
May 17, 2018
–
J2 Innovations is the creator of FIN Framework, an advanced, open, customizable software platform for building automation & IoT applications
Siemens’s top competitors include Schneider Electric, ABB, General Electric, Toshiba, Bosch, BHEL, Mitsubishi Electric and Philips.
Siemens – Challenges Faced
A big issue was initially Siemens had Group Presidents that were also members of the overall firm’s managing board, which can present a conflict of interest. It is not customary for firms to have members of the board that are also sitting in positions of power within the company. It can make it difficult to be able to provide an un-bias opinion on controversial issues or decisions to be made at a corporate level.
There seemed to be a lack of structure within the corporate departments within the company. There were far too many groups and sub-groups in the corporate centre. There were five corporate centres, as well as five sub-corporate centres. This is seemingly an excessive number of departments within departments that can cause immense communication disconnects.
Siemens profit was stagnant for a period, despite a significant increase in sales. This was a major concern of shareholders. There is usually a problem if a business plan consists of improvements in sales, but not much improvement in profit over a prolonged period of time.
The top+program, while effective, was still missing something to help with the corporate environment of Siemens. Siemens still had somewhat of an unstable environment as a whole on the corporate level. Although the top+ program was implemented, there still were gaps in which Siemens could improve.
A more inclusive program needed to be developed, to still include the initial base of top but also detailing additional necessary strategies. This was part of Siemens’ projected plans throughout the 10-year period. However, many of the developed programs did not succeed as the initial program did. Therefore, they were constantly changing and not providing a stable plan for the company.
When you think of a German multinational engineering and electronics conglomerate company, you immediately think of Siemens. The company decided to enhance its capability to respond rapidly to the increasing number, scale and complexity of Internet threats. This was also an opportunity to simplify its network and security operations to enable faster and more effective response management.
They have set 7 goals for the implementation of Vision 2020+.
Grow company value
Sharpen business focus Electrification, Automation and Digitalization
Be a partner of choice for our customers
Get closer to our markets
Live lean governance and drive continuous optimization
Be an employer of choice
Ignite pride and passion for Siemens through Ownership Culture
Frequently Asked Questions – FAQs
Is Siemens a British company?
No, Siemens is a German company, headquartered in Munich.
What does Siemens company do?
Siemens is a conglomerate company which deals with anything from power generation, transmission and distribution to smart grid solutions and the efficient application of electrical energy to areas of medical imaging and laboratory diagnostics.
Souvik Dey
