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  • Successful Cleantech Startups And Their Attainments In India

    Cleantech is the future. Clean technology (Cleantech) is a general term used to describe products, processes, or services that reduce waste and require as few non-renewable resources as possible. The ultimate aim of such cleantech startups is to improve environmental sustainability. Clean technologies are not an industrial sector in themselves, and their image is still somewhat scattered.

    Cleantech startups in India develop the technologies, business models, products, and services required to deploy and finance cost-effective Cleantech solutions at scale. Any company that develops or offers a technology, product, or service that involves a response to an environmental issue is a Cleantech enterprise. Cleantech in India not only refers to just the generation of renewable energy but also covers Water and Waste Water Management, Electronic Waste disposal, and Recycling. All forms of RE (wind, small hydro, solar, biomass, and waste to energy) have significant potential in India.

    What is cleantech?

    Clean technology covers the following aspects:

    • Clean energy and energy storage
    • Green materials
    • Energy and resource efficiency
    • Sustainable agriculture
    • Sustainable transport
    • Water, land, and air quality
    • Recycling & waste

    The scope of entry into India’s Cleantech market remains high, in a large and industrially-growing country, which will increasingly depend on clean methodologies for generation, transmission, and management of power. Innovative cleantech startups are driving the growth of clean technology. 75% of India’s solar PV capacity is installed by young entrepreneurs. The government is looking at attracting investments in RE of over US$ 200 billion for it to account for 15% of the overall energy basket.

    Factors That Drive for Cleantech

    • The overall population is still expected to increase rapidly, to 9.9 billion by 2050, mostly in developing regions of the world, further increasing pressure on limited natural resources, increasing supply challenges, and creating price instability.
    • As developing countries industrialize rapidly, global demand for natural resources is predicted to increase dramatically, leading to increased resource scarcity.
    • Increasing urbanization has a direct impact on consuming resources.
    • Energy and resource independence have long been strategic imperatives for many countries.
    • Consumer desire for cleaner, less toxic products has changed purchasing patterns and driven the creation of new environment-friendly materials.
    • Changing policy and regulatory requirements designed to address the impacts of an increasingly industrialized world.
    • In the face of growing constraints and increasing prices, corporations and consumers are seeking increasingly efficient ways to cut costs and increase efficiencies, especially in periods of declining revenue.
    • The number of relatively wealthy people (the middle class, essentially) is expected to increase.
    • Risk mitigation is also an important driver of Cleantech infrastructure and innovation.
    • Climate change is a force that will exacerbate many of these drivers.

    Husk Power Systems  ‌

    Husk, Powering Possibilities

    Founders: Gyanesh Pandey, Manoj Sinha, Ratnesh Yadav, Charles W. Ransler

    Year of Inception: 2007

    Husk Power Systems is a startup company based in Bihar, India, that provides power to thousands of rural Indians using proprietary technology that has been developed by the firm that cost-effectively generates electricity using a biomass gasifier that creates fuel from rice husks, a waste product of the rice that separates the husks as chaff from the rice, a staple food in the region. They offer a flexible, 100% renewable energy ‘pay-as-you-go’ service, using a mobile-enabled smart metering system. With a 24-hour onsite service team and a maximum four-hour response time when issues arise, they provide reliable, low-cost AC power that matches the aspirational needs of our customers; for households, community services, small businesses, and factories.

    ONergy      ‌

    ONergy

    Founders: Vinay Jaju, Ekta Kothari, Piyush Jaju

    Year of Inception: 2009‌

    Solar energy generation schemas like solar rooftop powerplant, solar irrigation pumping etc are benefited by ONergy which provides services like design, engineering, manufacturing, and solar consultancy services. Its main goal is to reduce energy costs for customers through its services. It also provides bank financing and OPEC models to make solar energy affordable. Not only does it make everything affordable, but also manages to provide high-quality products. It keeps a strong after-sales service network where it helps in facilitating consumer financing and develops an ecosystem for sustainable development as well as rural empowerment.

    ONergy products such as solar TV, solar computer, solar microgrids, and solar irrigation systems are newly launched as an innovative approach. It operates through a network of trained rural entrepreneurs, leveraging the existing networks of local NGOs, SHG’s, and Mathis. Currently, it operates across West Bengal, Odisha and Jharkhand through a network of RECs that reach out to remote areas. It is spread across 12 states in India.

    Karma Recycling

    Karma Recycling

    Founders: Aamir Jariwala, Akshat Ghiya

    Year of Inception: 2012

    Karma Recycling based in Delhi, India, is a leading trade-in operator and redistribution of mobile devices in India. Its ultimate stakeholders are consumers, retailers, and OEMs where it helps them manage large-scale buyback and trade-in programs which is why it is known as a consumer, enterprise software, and services solution. India is the second-largest mobile devices market in the world and is rapidly becoming a global nerve center for device commerce, e-commerce, and recycling. Through mobile device re-use, tons of e-waste are continually being diverted from landfills. The aim is to extend the life of a mobile device as much as possible, and when it cannot be extended any further, to recycle it responsibly. Karma Recycling has restored an impressive 95% of mobile devices we’ve collected. The remaining 5% are recycled responsibly according to their zero-landfill policy.

    A K Surya Power Magic

    Surya, Power Magic

    ‌Founders: Abhilash Thirupathy, Karthic Ravindranath

    Year of Inception: 2012

    Surya Power Magic based in Coimbatore empowers the Indian farming community by offering them a reliable and durable solar irrigation solution. Power has always been a problem in India which is even so for the average Indian farmer. The company makes affordable solar water pumps for farmers in power deficit regions. Surya Power Magic in 36 startups from India and five startups from the US for companies that are building products for a social cause.

    Green India Building Systems and Services (GIBSS)

    Green India Building Systems and Services 

    Founders: Arun Shenoy, Mandar Kaprekar

    Year of Inception: 2009

    Green India Building Systems and Services is Mumbai-based, has headquarters in Mumbai, and has offices in Delhi, Bangalore, Hyderabad, and Singapore, Cleantech startup that specialized in geothermal air conditioning technologies for cooling. Other than this, the company also provides ultra energy-efficient innovations like Hot Water Co-generation and LED lighting Systems. The company claims a 50%-60% reduction in cost for users and proportional reduction in carbon footprint for buildings. As of 2015, the company’s technology is used in 400 buildings across India.

    At GIBSS, corporate conduct is inseparable from the conduct of individual employees in the performance of their work. Every GIBSS employee is responsible for adhering to business practices and ethical principles that reflect the highest standards of corporate and individual behavior. GIBBS recently won the Sankalp 2012 award winner for the Most Innovative & Sustainable Company in ‘The Clean Tech & Clean Energy Sector’.

    Some impacts of GIBBS

    • saved over INR690 million for buildings
    • saved over 19 million electrical units
    • reduced 77% in energy consumption
    • saved 350 million liters of water consumption
    • reduced 19,000 tonnes of carbon footprint (equivalent to planting 5 lac fully grown trees)

    Greenway Grameen Infra Pvt. Ltd.                        

    Greenway

    Founders: Neha Juneja, Ankit Mathur

    Year of Inception: 2011‌

    Greenway Grameen infra Pvt. Ltd, being a product-based startup provides home energy appliances for rural Indians by engaging in the design, manufacture, and distribution of fuel-efficient, smoke-reducing affordable products like smart cookstoves and jumbo stoves. It focuses on retail shops including Paytm. It reduces smoke by 70%, fuel by 65%, and GHG emissions by 1.5 tons/year. Its aim is to become a globally recognized brand of choice.

    GreenObin

    GreenObin

    Founders: Saurabh Jain, Utsav Sharma, Nitin Goel

    Year of Inception: 2009

    Services provided by GreeObin: Waste Audit, Training Program, Recycling Bins, Eco Fair, Recycled Paper products, etc.

    GreenObin cleantech startup provides a range of independent recycling and waste paper management facilities to industrial and commercial consumers as well as local authorities. Its mission is to become the premier scrap collection service. Its purpose is to establish a profitable well-managed company while contributing to the environment. They are ultimately known for Recycling waste products in order to save the environment and create awareness among the community. It also works towards cultivating environmental awareness among the workers who consume large amounts of paper.

    Gram Power                ‌

    Gram Power

    Founders: Yashraj Khaitan, Jacob Dickinson

    Year of Inception: 2010

    Since its inception, Gram Power has stood out because of its innovative technology, and ambitious projects, starting from rural microgrids to one of the country’s largest smart meter installations. The startup provides cutting-edge Smart Grid technologies to address the electrification challenges in developing nations. The startup has brought smart grids to 30 remote areas in rural India through its Smart Microgrid solution. It’s now bringing its technology to the national grid by managing power distribution with its technology for India’s biggest private power distribution company.

    OORJAN

    OORJAN

    Clean-tech + Financing + IoT technologies = A million solar roofs

    Founders: Gautam Das, Roli Gupta, Hrishikesh Deshpande

    Year of Inception: 2014

    India’s rooftop solar market is exploding. India added more solar capacity in 2016 than all previous years combined. The Indian government has an ambitious target of 100GW (~USD 100 Billion) solar capacity deployed by 2022, out of which 40% is the rooftop. Today, Oorjan is one of the most innovative and fastest-growing platforms for rooftop solar in India.

    Oorjan directly partners with the best solar brands in India and globally to get volume discounts and pass them on to you. It has direct agreements with nationalized banks to provide low-interest loans for homes, housing societies, businesses, and non-profit institutions.

    Log 9

    Log 9

    Founders: Akshay Singhal, Kartik Hajela

    Year of Inception: 2015

    Log 9 Materials is a nanotechnology company headquartered in Bangalore, India, unleashing sustainable energy and filtration benefits. It is a nanotechnology company specializing in Graphene. It was awarded ‘Most Innovative Technology Company of 2018’ by the Department of Science and Technology, Government of India. It has developed Aluminium fuel technology for stationary and automotive applications. Log 9 has determined a team of scientists and engineers working on commercializing Graphene. Recently, Log 9 Spill Containment has developed an indoor air purifier named ‘Sorbene’ UV Air Purifier.‌‌

    OXY Garden                                     ‌

    Oxy Garden

    Founder: Abhishek Gupta

    Year of Inception: 2019

    OxyGarden is an IoT-enabled garden that purifies indoor air naturally by eliminating viruses, bacteria, dust particles, and harmful chemical pollutants like carbon dioxide, carbon monoxide, formaldehyde, benzene, etc. The idea Of Oxy-Garden came from a vision of a happier and healthier lifestyle for humanity. Oxygen the most fundamental element of life is what it offers. Most of us remain indoors for 90% of our daily life, breathing in air that is impure, contaminated, and polluted which is where OxyGarden plays a vital role. Customer relationship is its first priority, it always drives towards providing the best service to the customers.

    Skilancer Solar

    Skilancer Solar

    Founders: Neeraj Kumar, Manish Kumar Das

    Year of Inception: 2017

    Skilancer solar is India’s fastest-growing solar Module Cleaning System (MCS) provider. It focuses on solar cleaning types of equipment for solar panels of commercial parks and establishments. It employs an autonomous robotic cleaning system capable of cleaning the solar panels without water or any manual intervention. The robot is equipped with artificial intelligence (AI) in order to work according to weather conditions and power generation.

    AirOK

    AirOK

    Founders: Deekshit Vara Prasad, Yasa Pavan Reddy, Vanam Sravan Krishna

    Year of Inception: 2018

    AirOk works towards helping people adopt clean and efficient energy as part of their lives with their innovation and technology that also transforms India’s economy. It develops industry-specific technologies instead of generic technologies to control pollution in industrial and residential environments. The Delhi-based startup launched an indigenously developed smart air purifier called Vistar 550 for the B2B segment. Using EAGPA, the purifier can filter out particulate matter, microbes, fungus, and gaseous substances (carbon monoxide, nitrogen dioxide, sulfur dioxide).

    Due to the covid-19 pandemic, they have also released their own AirOk Breath Safe Face Mask which is crafted using a breathable fabric that is capable of shielding from viruses and bacteria.

    Conclusion

    The Cleantech startups in India are growing year on year, seeking to produce environment-friendly products which should benefit the natural environment by adopting clean production technology and using harmless or less harmful new techniques, energy resources, and technology. As such, it is an integral concept in sustainable development. India needs to develop green technologies that will help the country to produce cleaner energy and to consume it more efficiently. Clean-tech startups are seen by the country’s leaders as future pillars of Indian Sustainable Development.

  • Do You Need An International Payment Gateway? Here Are The 10 Biggest International Payment Gateways

    E-commerce is growing daily and the world is getting smaller. You can do global branding just by sitting in India. You can dream of having a global presence using e-commerce. But this dream is only possible with a secure international payment gateway. In this article, you will be knowing the top 10 international payment gateway for Indian merchants.

    What Is The Need For The International Payment Gateways
    Top 10 International Payment Gateway
    1. PayPal
    2. PayUbiz
    3. Stripe
    4. Authorize.Net
    5. 2checkout
    6. Allied Wallet
    7. ANZ
    8. SecurionPay
    9. CCAvenue
    10. EBS Payment Gateway

    What Is The Need For The International Payment Gateways

    Indian merchants and their customer relationships have reached several countries in the world. The need for the international payment gateway for:

    We are living in a multi-country and multi-currency world

    • An international payment gateway helps merchants to provide international customers to pay in the currency.
    • There are chances of an increase in customer conversion. When a prospective customer finds a product in the currency.
    • Users will get benchmark prices for their known currency.

    Well known International payment gateways

    • Brand awareness is possible for the well known international payment gateways. Such as Paypal and stripe can get awareness using unknown Indian merchants.

    Security of transaction

    • Payment gateways have also the responsibility for processing money, client verification, and tax calculation. Also the independent and integrated modules.
    • Payment gateways need to adjust according to PCI compliance standards. There also needs to set maximum security to save from fraud.

    Help in saving money

    • Payment gateways decrease the total cost of ownership.
    • It is the nature of payment gateways to simplify and accelerate transactions.

    Top 10 International Payment Gateway

    You might be thinking about which international payment gateway to use for your website? Then I gave here a list of top 10 international payment gateways.

    best international payment gateway in India
    Top10 International Payment Gateways

    1. PayPal

    PayPal is one of the top international payment gateways in India. It an online financial service that helps you to pay using a secure internet account. You just need to add a bank account and credit card details. Whenever you are using PayPal, you can choose options for accounts to pay with.

    Features Of PayPal:

    • Accept payments online.
    • You can bill later.
    • Barcode scanning is provided.
    • Credit card reader.
    • Inventory checkout.
    • Express checkout.
    • Online invoicing.
    • Mobile card reader.
    • Shopping cart.
    • Virtual terminal.

    Pricing Of PayPal:

    | Plans | Pricing |
    |— |— |— |—
    | Free trial | Available |
    | Sell on website using invoice or email payments | 4.4% + $0.30 USD |
    | Selling on eBay | 3.9% + $0.30 USD |
    | International conversion fee | May apply |
    | Discount rate for merchants | Contact vendors |

    Stripe Vs PayPal – Can You Difference Between Them?
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    2. PayUbiz

    PayUbiz is the best international payment gateway in India. It is the best online payment gateway management software. This is used by many E-commerce companies for a streamlined collection of payments. PayUbiz also ensures safe and secure transactions.

    It integrates various payment methods such as credit cards, mobile wallets, net banking, debit cards, and UPI. it has also multi-currency support. Option switching is also available for problems like payment failure. Also, you get a smart auto-retry feature.

    Features Of PayUbiz:

    • Mobile centric functioning.
    • Multiple payments.
    • Excellent user experience.
    • Efficient integration.
    • Great conversion rates.
    • Reports and analytics.

    Pricing Of PayUbiz:

    | Plans | Pricing |
    |— |— |— |—
    | Setup plan | Rs. 4900/- |
    | Silver plan | Rs. 9900/- |
    | Gold plan | Rs. 14900/- |
    | Platinum plan | Rs. 19900/- |

    Top 10 Apps for Image Editing | Best tools for business
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    3. Stripe

    This is a cloud payment platform to provide and manage online transactions. It has end to end solutions to make ideal for e-commerce or web-based businesses. This streamlines money movement and prevents frauds, revenue management, and drive global business growth.

    It covers accepting, processing, settling, and managing payments. Also, this makes it possible to work for any business model. This is easy to use due to the simplified infrastructure with UI components and an API for customization.

    Features Of Stripe:

    • UI toolkit.
    • Checkout system.
    • Clean canvas.
    • Invoice.
    • Open-source plugin.
    • Payment choices.
    • Mobile interface.
    • Authorization.
    • Dispute handling.
    • Financial reporting.
    • Payout timing.
    • Collaboration notes.

    Pricing Of Stripe:

    Stripe does not offer setup or monthly fees.

    | Plans | Pricing |
    |— |— |— |—
    | Free trial | Not Available |
    | Quote based plan | Contact vendor |
    | Successful charge for credit and debit cards | 2.9% + 30 Cents |
    | other payment methods | refer to vendor’s pricing list |
    | Enterprise package | Contact the vendor
    |Disputed payments | $15 |

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    4. Authorize.Net

    Authorize.Net is one of the oldest and popular payment gateways for e-commerce. This company has provided services to over 400,000 merchants. While we go more into details let’s clear a common misperception. Authorize.Net payment gateway does not provide merchant account. This offers products and services that integrate with it.

    international payment gateway in India
    Features Of Payment gateways

    If you do not have merchant accounts, it can set you up with merchant accounts. The third-party processor provides that account.

    Features Of Authorize.Net:

    • Commission Management.
    • Discount management.
    • Customer account profiles.
    • Electronic signature.
    • Gift card.
    • Loyalty program.
    • Multi-location.
    • Retail POS.
    • Restaurant POS.
    • Ecommerce integration.

    Pricing Of Authorize.Net:

    For payment gateway

    | Plans | Pricing |
    |— |— |— |— |— |
    | Gateway fee | $25 per month | |
    | Transaction processing fee |$0.10 per transaction |
    | Daily batch fee | $0.10 |

    For payment gateway + merchant account

    | Plans | Pricing |
    |— |— |— |— |— |
    | Gateway fee | $25 per month | |
    | Transaction processing fee | 2.9% + $0.30 per transaction |

    5. 2checkout

    2checkout is another best payment gateway for international transactions in India. It allows organisations to accept online payments from buyers. also offers localized payment options and host capabilities. This benefits customers and merchants both. This platform has a variety of transactions using multiple payment methods. Its services are trustworthy said by more than 50,000 merchants worldwide.

    This maximizes conversions by adapting aspects of the industry. Such as languages, payment methods, and currencies.

    Features Of 2checkout:

    • Multiple payment methods.
    • Supports up to 15 languages.
    • Supports 87 currencies.
    • Level 1 PCI data security standard.
    • Integration with more than 100 online shopping carts.
    • Checkout: standard and inline.
    • Recurring billing.
    • Create subscription plans.
    • Account updater.

    Pricing Of 2checkout:

    | Plans | Pricing |
    |— |— |— |— |— |
    | Free trial | Yes | |
    | Quota Based plan | Contact vendor |
    | 2sell |3.5% + 3oCents per successful sale |
    | 2subscribe| 4.5% + 40Cents per successful sale |
    | 2monetize| 6.0% + 50Cents per successful sale|

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    6. Allied Wallet

    Allied Wallet is one of the trusted payment gateways for high-risk international transactions. It provides a NextGen Dashboard for the transaction of data at one click. This is available in 196 countries currently. It also keeps track of your sale. This is a user-friendly platform using a convenient user interface. Also, it provides merchant service and processes credit cards globally.

    Features Of Allied Wallet:

    • One-click payment.
    • Chargeback prevention.
    • Recurring billing.
    • Fraud prevention measures.
    • Affiliation management.
    • Hassle-free integration.
    • PCI Compliance.
    • ACH Solutions.

    Pricing Of Allied Wallet:

    Allied Wallet’s pricing is not mentioned on its website. This does not mean that the company allows merchants to accept payments at low rates. Fees depend on individuals and are itemized in your contract.

    Fee includes:

    • Monthly maintenance fee
    • Refund fee
    • Transaction fee
    • Retrieval fee
    • Chargeback fee
    • Wire fee
    • Holdback reserve(rolls 1-6 months)

    7. ANZ

    ANZ provides plans such as a startup plan or business plan or community select packages. All these plans depend on the business size and requirements. This includes merchant account service also. If you are new then you will get a fee waiver for 12 months. This contains unlimited transactions. They give you fair deals for other packages.

    international payment gateway for India
    International Payment Gateway in India

    Feature Of ANZ:

    • Web and mobile payment.
    • The business select plan charges a monthly fee of $32 + GST.
    • Customized deals are offered for non-profits.
    • Insurance specific.
    • Prevention of foreign exchange risk.
    • Import, export, and management of foreign exchange.

    Pricing Of ANZ:

    | Plans | Pricing |
    |— |— |— |— |— |
    | Monthly account service fee | No | |
    | Transaction and Visa debit access| $5 monthly fee |

    *this can be waived after depositing at least $2,000 a month or meeting other eligibility criteria.

    8. SecurionPay

    SecurionPay is a secure online payment system. This supports Windows, Linux, Mac, Android, and iOS. SecurionPay is a strong option for businesses that require online payments and paid subscriptions.

    SecurionPay gateway offers fast and limitless integration. Checkout failure provides immediate transaction processing. This tool allows trial and pricing plans to have flexible tiers and periods. Subscription can be helpful for better usability and conversion.

    Features Of SecurionPay:

    • Billing models.
    • Custom form.
    • Payouts to customers.
    • Supported countries and businesses.
    • Subscription plan manager.
    • Trials and discounts.
    • Usage-based subscriptions.
    • Anti-fraud tools.
    • Blacklisting.
    • One-click payment.
    • European market fit.
    • Increased conversion rate.

    Pricing Of SecurionPay:

    | Plans | Pricing |
    |— |— |— |— |— |
    | Free trials | Available | |
    | Regular merchants | 2.95% + 0.25 Euro per successful transaction |
    | High risk merchants | 4.9% + 0.35 Euro per traansaction |
    | Rated match | % based |
    | Enterprise| Depends on the type of transaction |

    *SecurionPay works only with companies incorporated in Europe.

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    9. CCAvenue

    CCAvenue is an international payment gateway in India. It is a payment gateway used for money collection online and one of the best payment gateway in India for international transactions. It helps a broad range of businesses. That is incorporating from freelancers to eCommerce companies into daily operations. This tool ensures security measures for a safe and secure payment system.

    CCAvenue allows customizing the tool according to personal requirements. You will get to change the color of the panel, real-time preview, and adding a logo. It supports more than 200 different payment options. This includes credit cards, debit cards, bank EMI systems, net banking, and prepaid instruments. It also supports Amex EzeClick and UPI payments as well.

    Features Of CCAvenue:

    • Multi-language support.
    • Multi-currency.
    • Easy to use.
    • Retry option.
    • Start dynamic routing.
    • Card storage vault.
    • Shopping cart.
    • Marketing tools.
    • Invoice payments.
    • Analytics.
    • Live to monitor.

    Pricing Of CCAvenue:

    | Plans | Pricing |
    |— |— |— |— |— |
    | Initial setup fees | Zero | |
    | Annual maintenance charges | Zero |
    | Minimum annual business requirement | Zero |

    Everything To Know About NPCI
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    10. EBS Payment Gateway

    EBS payment gateway allows e-commerce stores to collect payment from customers. This gateway offers e-commerce stores to collect payment from various banks and many other payment processors. This is all on a single platform with very little need for technical integration.

    This is the most secure online service provider in the world. The languages available in this are English, Hindi, Bengali, Gujarati, Tamil, Telugu, and Marathi.

    Features Of EBS:

    • Multiple payments.
    • Analytics.
    • Electronic check processing.
    • Secured server.
    • Simplified integration.
    • Transaction alerts.
    • Multicurrency.
    • Card storage vault.
    • Invoice payments.
    • Live to monitor.

    Pricing Of EBS:

    | Plans | Pricing |
    |— |— |— |— |— |
    | Initial setup fees | Zero as a special promotion instead of Rs 9599 usually charged | |
    | Annual maintenance charges | Rs. 2400 |
    | Minimum annual business requirement | Zero |

    Summary

    This is the international payment gateway list in India. It always better to see the whole payment gateway list. And after that make a decision about it that suits better for your business. Startuptalky offers quick and easy info for all payment gateways needed for any eCommerce business.

    We hope that any of the above-mentioned payment gateways fit as per your requirement. And you achieve your global business expansion using this.

    Best wishes!!

    Best Payment Gateways in India | Payment Gateways for Business
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    FAQs

    What is an International payment gateway?

    An international payment gateway allows international customers to make payments in their currency. The payment gateway offers maximum security to prevent any fraud happening during transactions. Payment gateways accelerate and uncomplicate international payment and transaction.

    Is PayU a payment gateway?

    PayU is a payment gateway in India for international payments that extends WooCommerce, allowing you to take payments via PayU. PayU cooperates with Visa and Mastercard Credit Cards and Debit cards. This means that you easily can take credit card payments as well as direct payments via any of the associated banks.

    Why is there a payment gateway fee?

    This fee amount is charged by the payment gateway provider for every transaction your e-commerce processes. These fee amounts are split between the credit/debit card provider, the online gateway provider, and your merchant account provider. With most payment gateways the cost decreases when your sales grow.

    multi currency payment gateway India

  • 4 Tips for Starting Up a Personal Injury Law Firm

    If you have decided to start your own personal injury law firm after years of practicing law, you have clicked on the right blog. The law firm you are working for might be offering you everything you need, but if you feel like it’s time to move on and start something of your own, it is not a bad idea at all. However, before you make a decision, it is important for you to understand that running a law firm is a lot more different than just being a lawyer. You will have to put a lot of effort, and you will also have to change your ways of doing business. In this article, I have mentioned a few tips that can help you in starting up a personal injury law firm of your own. Let’s have a look:

    Do the Calculations

    A personal injury lawyer is not good with business calculations, and when it comes to crunching numbers, they often have a hard time. However, if you want to run a successful law firm, you will have to get better at crunching numbers and learn a few things about business finances. You need to understand the mechanics of profit, loss, expenses, and revenue. These are the parameters that will tell you whether your law firm is running successfully or not. So, before you take this major step, you are advised you do all your calculations.

    Devise a Business Plan

    Successful law firms like Jones Whyte Law are performing well not only because they provide quality services but also because they had a great business plan. You need to define your law firm’s objectives and goals so you can work in one direction. Decide whether you will be offering your services for all kinds of personal injury cases or specific cases. Also, if you are going to take a bank loan to start your law firm, you will need a strong business to convince the bank. So, make sure you devise a strategic plan that will help your firm succeed.

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    Target Clients Early On

    Don’t just wait for everything to settle down before you look for new clients. Yes, it is important for you to pay complete attention to your law firm, but you also need to simultaneously get some business. After all, if you have no clients, you wouldn’t be making any profits anytime soon. So, once you have taken the first step towards building your law firm start promoting it right away to get more business. You can also get in touch with other law firms so that they can suggest clients your way.

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    Rent an Affordable Workspace

    workspace
    workspace

    You might be tempted to invest in a workspace that is expensive and in the middle of the town, but you need to make that decision wisely. It is advised that you keep your rental costs to a minimum so that you don’t have to pay out of your pocket if you have had a hard month. So, go for an inexpensive place, and once you grow, you can always move to better offices.

  • Reasons Behind The Thomas Cook Bankruptcy Case | Thomas Cook Case Study

    Thomas Cook Group was a British travel company which operated as both, an airline company and a tour and travel firm. The Group was founded after the merger of Thomas Cook AG and My Travel group in 2007.

    However, the brand “Thomas Cook” is 178 years old and was trusted by travellers globally. Recently, Thomas Cook Group collapsed due to a lack of funds. They have announced their bankruptcy. We tried to find out what were the reasons behind the Thomas cook bankruptcy case. Here’s a Thomas cook case study or Thomas cook bankruptcy case study for you!

    News About Thomas Cook Bankruptcy Case
    Global Travel Industry
    History of Thomas Cook Group
    Reasons Behind Thomas Cook Bankruptcy Case
    Why Thomas Cook India is Safe?

    News About Thomas Cook Bankruptcy Case

    Thomas Cook Group collapsed on Monday, 23 September 2019. This caused 22,000 losing their jobs which include 9,000 people from the UK.

    More than 150,000 travelers who were on holiday, lost their trip home.

    On 26 September 2019, the British Civil Aviation Authority (CAA) announced that they have scheduled over 70 flights on Thursdays (26 September) to bring back 16,000 travelers who were on their holiday to different countries. Their program would continue until 6 October. They have more than 1000 flights planned to schedule for 10 days.

    The last Tweet from Thomas Cook

    Global Travel Industry

    The Travel Industry is one of the biggest service industries in the world. Over 1.45 Billion people travel in a year globally. It is expected that the number of travelers in 2019 will be 3% to 4% more than that of 2018. With the increase in the disposable income of people, the travel industry can expect to grow at a higher rate. Some of the few industries which are the pillars for the Travel Industry are:

    • Transportation (Flight, Trains, Car rental, etc.)
    • Accommodation (Hotels, hostels, camps, etc.)
    • Food (Restaurants, Clubs, Bars, etc.)
    • Entertainment (Shopping, Casinos, Concerts, etc)
    • Finance (Insurance, Banking, Loans, etc.)

    Without all the above industries, it is not possible to imagine the travel industry in this era.

    The following factors have either changed or promoted the travel industry in recent years:

    Online Booking

    With the help of the Internet, it has become so easy to access all the information and book everything online.

    Personalized Experience

    Many hotels now provide personalized services based on the choices of the customers.

    Automation & Robots

    The trend of making hotels automated with the help of machines and robots to serve people has changed the whole industry. Although, many people think that it would be creepy to be in such a hotel many travelers still looking for some new experience.

    Influencers

    There are a ton of influencers and especially vloggers who keep travelling and showing new places to people which influences people to travel more.

    These were just a hand full of the reason but there are a lot of factors which promote traveling and Internet stays at the top.

    History of Thomas Cook Group

    Thomas Cook Case Study
    Thomas Cook, Founder of Thomas Cook & Son

    Thomas Cook Group is the oldest travel agency in the world which was founded in 1841. Thomas Cook founded the company by helping people travel by train. He was a part of the Temperance Movement (A movement against Alcohol) and arranged meetings for the movement and carried temperance supporters from one British City to another.

    At the same time, he founded the Thomas Cook Travel Agency and worked as the middle man for the travellers. Around 1860, the company was arranging foreign trips and was the first one from the country to take people to the US & Europe. It even arranged many world tours for travellers.

    When Thomas Cook was succeeded in arranging many trips, he became sure about this business and bought a shop on Fleet Street, London, and started selling travel accessories along with travel arrangements. In 1872, Thomas formed a partnership with his son and renamed the company to Thomas Cook & Son. Thomas’ son, John Mason Cook provided expertise for the commercials of the company.

    Thomas Cook & Son old office - Thomas Cook Case Study
    Thomas Cook & Son office

    Thomas retired in 1878 and John Mason and his son were now responsible for the business. By 1888, the company was able to establish its offices in various countries. By now, the company was developed in terms of its services. They were able to arrange many activities in other countries for their travellers like Opera, Mountain climbing, etc.

    The company then ran by the family members only and remain the same until 1924 when it was renamed to “Thomas Cook & Son Ltd.” after getting limited liability status.

    The third generation of the family was even more successful as travel became more popular. However, the company was sold to Hays Warf Cartage Company in 1942. After few decades, it was then acquired by the British Government and was renamed to “Thomas Cook Group Ltd.“

    Between 1974 to 2001, Thomas Cook Group Ltd. was acquired by many companies until C&N Tourist AG acquired it and renamed it to “Thomas Cook Group AG“. Later in 2007, Thomas Cook Group AG was merged with My Travel Group to form “Thomas Cook Group Plc“.

    Why Did Thomas Cook Collapsed?

    Reasons Behind Thomas Cook Bankruptcy Case

    Why Thomas cook failed? Some of the reasons which led to the failure Thomas Cook Group and caused Thomas cook bankruptcy case are:

    Funding

    The major and the most obvious reason for the collapse of Thomas Cook is that they were not able to secure the funding of £200 million or almost $250 million. If the company would have received the amount of funding, it could have easily survived instead of getting bankrupt but due to lack of funding led to the Thomas cook bankruptcy case.

    The Debt

    Thomas Cook had a debt of over $2.1 Billion. It is the reason the investors backed out of investing in the company. The bosses of Thomas Cook even met many lenders and creditors in London but failed to raise any funds. Again investors backed which led to the Thomas cook bankruptcy case.

    The Model

    The business model of a travel agency depends on segregating the different aspects of travelling and packing it into one travel package. However, with the easy and direct access to any service through the internet, the travel package, or going through a travel agency has become obsolete.

    Airline Expenses

    Thomas Cook was a service travel company that even provided flights to travellers. However, operating an airline is not an easy task. An airline company needs a lot of funds to bear its running cost. Costs like fuel, maintenance, crew, etc. need to be fulfilled.

    Brexit

    The company is calling it the top reason for the collapse. In May 2019, the CEO of Thomas Cook, Peter Frankhauser said: “the Brexit process has led many U.K. customers to delay their holiday plans for this summer.”

    And of course, one reason for its failure is the common reason for most of the business failure, resisting change. Thomas Cook was unable to adapt the changes according to the new generation and ended up collapsing.

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    Why Thomas Cook India is Safe?

    Even though the whole world is shocked by seeing the 178 years old company collapsed, Thomas Cook India is still doing business as always.

    The reason behind it is that Thomas Cook (India) Ltd. was acquired by Fairbridge Capital Ltd. is a subsidiary of Canada-based company, Fairfax Group.

    Hence, Thomas Cook India is totally safe and still operational. However, they have put this warning to let the users know that their company is independent of the brand of Thomas Cook.

    Thomas cook bankruptcy case study
    When you visit Thomas Cook India website, it shows this message

    Even though Thomas Cook India is still operational, they have seen a sudden downfall in their share price. Their share price decreased by 5.23%.

    Conclusion

    Thomas Cook has been a great business since its birth. The company changed the way people travelled. In the age when it was a luxury to travel to another city, the company made it possible to easily travel to other countries. Along with its travel business, it has also been a great financial company for travellers.

    However, everything has an end. So, it is an acceptable truth and not a surprise that the company ceases to operate anymore. Even though the travel industry has grown as a whole, but it has also evolved in the process. So, if any company has to survive in any industry, they need to adapt change according to the generation. I hope you learned something in this case study of Thomas Cook.

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  • Best Employee Scheduling Applications

    Creating employee shifts is one of the key tasks when you have an expanding business. Employers usually look for a solution beyond creating and managing a spreadsheet, something which can help them save time and streamline the process simultaneously. This is achievable with the help of Employee Scheduling Applications, which although cost more than traditional methods, prove way more efficient than the former.

    Employee Scheduling Applications help you access your employee schedule 24/7 in real time with the use of cloud based applications. Moreover, send your employees notifications about their schedule and have the flexibility of making all the necessary changes, all with one application. Employee Scheduling Applications aren’t complicated to use, and can be adapted to use with ease, while eliminating the delay in schedule which the traditional methods cause. Also, such applications offer a general communication platform and simplify work hour records. Having said that, here we discuss 5 Employee Scheduling Applications, and help you decide the best choice for you.

    actiPLANS

    actiPLANS Employee Scheduling Application
    actiPLANS Employee Scheduling Application

    actiPLANS is an Employee Scheduling Application which streamlines the various tasks such as absence management, over-viewing available resources, and manages balance control. Users can simply send a leave request with a click, and the manager can accept or reject it immediately, automatically informing the employee. actiPLANS also offers integration with timesheets, insightful reporting, and a free version for small businesses, and much more.

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    Remote Team Management

    Features Offered by actiPLANS

    • actiPLANS mobile application helps you with attendance tracking, informing about team presence, and leave requests in real-time.
    • actiPLANS integrates with its time management application called actiTIME which offers various time management features to manage your absence.
    • Add comments, calculate overtime, and approve timesheets along with insightful reports and accounting functionality with actiPLANS.
    • Get Leave time and Balance reports, and manage leave calendar with a detailed balance history to make informed decisions.
    • actiPLANS helps you in setting up accrual rules and allows you to manually tweak and change balance, and export it to pdf.

    Pricing for actiPLANS

    actiPLANS offers a custom pricing plan which depends on the number of users. The free version can be used by up to 3 users with some limited functionality, while the paid plans cost $1.5 per user per month for up to 40 users, $1.2 per user per month for up to 200 users. Beyond 200 users, actiPLANS offers fixed cost.

    Connecteam

    Connecteam Employee Scheduling Application
    Connecteam

    Connecteam is an employee application which helps users to communicate with, operate, and collaborate with non desk employees. With the help of different communication tools, directories, and chat groups get employee feedback, and simplify workflow. Moreover, automate various management tasks with a checklist, to enhance compliance and standardize operation procedures, and track employee work hours, all in one application.

    Features Offered by Connecteam

    • Simplify team communication with Connecteam with newsletters, announcements, and updates, and also get feedback from your employees with live polls.
    • Track your employees’ work hours through mobile punch-in and punch-out, and manage timesheets and payrolls efficiently.
    • Create an employee schedule and deploy it quick, with all the information in one place. Also show real-time updates and notifications with remote schedule management.
    • Manage shift related tasks up till their completion with an organized communication to with specific messaging boards and in-app chats.
    • Delegate different tasks to employees seamlessly and get real-time updates on execution and completion.

    Pricing for Connecteam

    Free Plan basic Plan Advanced Plan Expert Plan Enterprise Plan
    Is free of cost for up to 200 users Costs $29 per month for up to 200 users Costs $59 per month for up to 200 users Costs $119 per month for up to 200 users Custom plan for more than 200 users
    Basic features for communication and management of team Allows media file attachments and custom work contacts Allows users to change conversation settings and user field display Allows you to add in-app links to group descriptions Unlimited schedules, categories, and dedicated in-shift tasks
    Basic plan allows you to create checklists and forms and offers free templates Automatically share and export entries in different formats such as pdf or excel Allows you to set form fields and control image source Allows users to set reminders and email triggers Offers up to 100 trigger based summary reports for each form

    Sling

    Sling Employee Scheduling Application
    Sling Employee Scheduling Application

    Sling is a free employee scheduling and communication application. It allows you to manage employee shifts, time offs, availability and shift trade requests all in one place. Sling lets you handle any unexpected leave or trade requests, and ensures seamless teamwork by keeping everyone informed of the schedule. Moreover, Sling only charges for the employees who you it; and for those who deactivated after paying for the plan, you are given a prorated credit.

    Features Offered by Sling

    • Sling allows you to track employee hours and manage timesheets for efficient employee payout management.
    • Employees can clock in and out with the help of their phones using their location and a dependable geofencing.
    • Manage shifts by adding tasks and align employees with their to-dos to ensure all the work is getting done on time.
    • Sling offers a number of integrations such as Square, ADP, and Shopify along with various others for efficient working.
    • You can also schedule tasks and shifts at multiple work locations and allow employees to clock in and out from different workplaces.

    Pricing for Sling

    Free Plan Premium Plan Business Plan
    Offers all the basic features free of cost Costs $2 per user per month and offers all basic features and more Costs $4 per user per month and offers all features of premium plan and more
    Offers shift secheduling, templates, alarms, and offers All features in the free plan and timesheets, history and approval Offers all features in premium plan along with reports, PTO tracking and Salary Support
    Allows for time off requests and news sharing Allows for auto clock outs, geofencing, and shift trades and swaps Lets the employer handle sick leaves and late arrivals
    Allows for the handling of umlimited employees, managers, and locations Lets employers manage overtime tracking, holiday pay, and budgeting Allows you to impose conversation restrictions and dedicated account management

    Shiftboard

    Shiftboard Employee Scheduling
    Shiftboard Employee Scheduling

    Shiftboard is an employee scheduling application tailored to your specific needs for both, employee set rotation as well as regular scheduling. It offers ScheduleFlex and SchedulePro scheduling applications, for customer specific needs. Shiftboard has proven a valuable tool in different industries ranging from manufacturing to healthcare to public safety, and has over 245 million in shifts scheduled to date.

    Features Offered by Shiftboard

    • ScheduleFlex, the scheduling application, built for organizations with constantly changing shifts and schedules helps you manage work chaos.
    • SchedulePro, the scheduling application built for regulated industries to help maintain compliance with standards and laws.
    • Shiftboard schedules workforce in accordance with your strategic business goals, hence optimizing task management.
    • Shiftboard offers configurable solutions which can be tailored to your business needs, hence offering you adaptability for your unique needs.
    • It also allows API integrations as well as automated flat file integrations, and other common integrations such as CRMs and payroll applications.

    Homebase

    Homebase Employee Scheduling
    Homebase Employee Scheduling

    Homebase is a free employee scheduling software for small businesses to help employers keep track of time and manage teams. Homebase offers users a suite of features which helps in scheduling and tracking time with real-time schedule sharing, hiring new employees and onboarding, along with team communication with real-time updates and notifications.

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    Employee Engagement Tools

    Features Offered by Homebase

    • With flexible tools for team communication, Homebase helps businesses to adapt to new ways of take outs and deliveries.
    • Create work schedules, instantly share it with your team and forecast your labor cost to create more efficient work schedules.
    • Track hours on any device, know about your employees’ exact working hours, and record employees clocking in and out.
    • Track total working hours and calculate labor costs, and with the help of timesheets, make payrolls easy.
    • Keep your team updated with the schedule and check availability of your employees along with viewing who has seen the schedule.

    Pricing for Homebase

    Essentials plan Plus plan All-in-one plan
    Costs $14 per location and offers the essential features for better team work Costs $35 per location and offers budget management and operations Costs $70 per location and offers the complete team management toolkit
    Offers health screening with remote and field work management Helps manage budget and labor cost control Helps with onboarding and e-signatures with document storage
    Offers all features in free plan with producitivity,communication, and performance management Offers all features in essential plan with time off polocies Offers all features in plus plan with API access

  • Maruti Suzuki – Emerging Stronger than Ever

    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.

    Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an Indian automobile manufacturer headquartered in New Delhi. It is a subsidiary of the Japanese automotive manufacturer Suzuki Motor Corporation.

    Maruti Suzuki has 3,598 sales outlets across 1,861 cities in India. The Brand Trust Report published by Trust Research Advisory, a brand analytics company, has ranked Maruti Suzuki in the thirty-seventh position in 2013 and ninth position in 2019 among the most trusted brands of India.

    Maruti Suzuki – Company Highlights

    Startup Name Maruti Suzuki India Limited
    Headquarters New Delhi, India
    Industry Automotive
    Founded 24 February, 1981
    Founder Government of India
    CEO Kenichi Ayukawa
    Parent Suzuki Motor Corporation
    Area Served India
    Website www.marutisuzuki.com

    Maruti Suzuki – About and How it Works?
    Maruti Suzuki – Logo and its Meaning
    Maruti Suzuki – Recent News
    Maruti Suzuki – Founder and History
    Maruti Suzuki – Mission
    Maruti Suzuki – Joint Ventures
    Maruti Suzuki – Business Model
    Maruti Suzuki – Revenue and Growth
    Maruti Suzuki – Recent Acquisition
    Maruti Suzuki – Competitors
    Maruti Suzuki – Challenges Faced
    Maruti Suzuki – Future Plans
    Maruti Suzuki – FAQs

    Maruti Suzuki – About and How it Works?

    Maruti Suzuki India Limited is a holding company. The Company is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles). The other activities of the Company comprise facilitation of pre-owned car sales, fleet management and car financing.

    Its geographical segments include the domestic segment, which includes sales to customers located in India, and the overseas segment, which includes sales to customers located outside India. The Company’s product portfolio includes Alto 800, Alto K10, Wagon R, Celerio, Ritz, Swift, DZire, Ertiga, Omni, Eeco, Gypsy, Ciaz, etc.

    Its service offerings include Maruti Finance, True Value, Maruti Genuine Parts, Maruti Genuine Accessories, Maruti Suzuki Auto Card and Maruti Driving School. It has approximately five plants, located in Palam Gurgaon Road, Gurgaon, Haryana, and at Manesar Industrial Town, Gurgaon, Haryana, with an installed capacity of over 1.5 million vehicles per year.

    Maruti Suzuki – Logo and its Meaning

    The present variant of Suzuki logo is designed in red and blue colours. The red colour (the letter S of Suzuki) represents passion, integrity and tradition, while the blue(the letter M of Maruti) stands for excellence and grandeur.

    Maruti Suzuki's Company Logo
    Maruti Suzuki’s Company Logo

    Maruti Suzuki – Recent News

    • Maruti Suzuki sees ‘much better’ 2021 as economy rebounds: Chairman
    • Maruti Suzuki sales increase 1.7% to 1,53,223 units in November

    Maruti Suzuki – Founder and History

    Maruti Udyog Limited was founded by the government of India on 24 February 1981, only to merge with the Japanese automobile company Suzuki in October 1982. The first manufacturing factory of Maruti was established in Gurugram, Haryana, in the same year.

    The company was formed as a government company with Suzuki as a minor partner to make a people’s car for middle class India. Over the years the company’s product range has widened ownership has changed hands and the customer has evolved.

    On October 2, 1982 the company signed the licence and joint venture agreement with Suzuki Motor Corporation Japan. In the year 1983 the company started their productions and launched Maruti 800. In the year 1984 they introduced Maruti Omni and during the next year they launched Maruti Gypsy in the market. In the year 1987 the company forayed into the foreign market by exporting first lot of 500 cars to Hungary.

    In the year 1990 the company launched India’s first three-box car Sedan. In the year 1992 Suzuki Motor Corporation Japan increased their stake in the company to 50%. In the year 1993 they introduced the Maruti Zen and in the next year they launched Maruti Esteem in the market.In the year 1995 the company commenced their second plant. In the year 1997 they started Maruti Service Master as a model workshop in India to look after sales services.

    In the year 1999 the third plant with new press paint and assembly shops became operational. In the year 2000 the company launched Maruti Alto in the market. In the year 2002 Suzuki Motor Corporation increased their stake in the company to 54.2%.

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    Maruti Suzuki – Mission

    Maruti Suzuki’s mission statement says, “To be The Leader in the Indian Automobile Industry, Creating Customer Delight and Shareholder’s Wealth; A pride of India.”

    Maruti Suzuki – Joint Ventures

    Relationship between the Government of India, under the United Front (India) coalition and Suzuki Motor Corporation over the joint venture was a point of heated debate in the Indian media until Suzuki Motor Corporation gained the controlling stake. This highly profitable joint venture that had a near monopolistic trade in the Indian automobile market and the nature of the partnership built up till then was the underlying reason for most issues.

    The success of the joint venture led Suzuki to increase its equity from 26% to 40% in 1987, and to 50% in 1992, and further to 56.21% as of 2013. In 1982, both the venture partners entered into an agreement to nominate their candidate for the post of Managing Director and every Managing Director would have a tenure of five years.

    Maruti Suzuki – Business Model

    Maruti Suzuki’s product range extends from entry level small cars like Alto 800, Alto K10 to the luxury sedan Ciaz. Other activities include facilitation of pre-owned car sales fleet management, car financing. Its Business Segments are divided into : Operating Income from sales of cars and Interests from Investments.

    • Maruti Suzuki offers 17 models of cars
    • Company focuses on catering to the needs of almost all the segments from the middle class to high class through wide range of products

    Maruti Suzuki – Revenue and Growth

    Maruti Suzuki: growth highlights are:

    • It has a presence in 34 cities as of March 2024
    • The company has 16,500 employees as per LinkedIn as of March 2024
    • It has served over 27 million happy customers in India as of March, 2024
    • It acquires news stakes in AI startup Amlgo Labs as per a news report from March 23, 2024
    • The company has manufactured close to 2 million cars a year in FY 2022-23

    Financials

    Auto major Maruti Suzuki reported 2.05 per cent year-on-year growth in consolidated profit at Rs 1,419.6 crore for the September quarter of FY21 (Q2FY21) while revenue rose 10.34 per cent to Rs 18,755.6 crore. In comparison, the company had posted revenue of Rs 16,997.9 crore and profit of Rs 1,391 crore in the corresponding quarter of last year.

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    Maruti Suzuki – Recent Acquisition

    Maruti Suzuki India on 13 May 2020, said its board took a slew of decisions, including acquisition of Delhi-based JJ Impex, and supply of Vitara Brezza to Toyota Kirloskar Motor (TKM). The car major on said its board has approved acquiring 39.13% equity stake held by Sumitomo Corporation, Japan and 10% held by Sumitomo Corporation India in JJ Impex (Delhi), a company engaged in automobile service and repair business.

    The cost of acquisition or the price at which the shares are to be acquired is fixed at Rs 21.73 crore, the company said.

    After the acquisition, the company shall become the wholly-owned subsidiary of MSIL. MSIL shall have the right to nominate/ appoint all the directors on the board of the company. The nominee Directors of Sumitomo Group shall resign from the board of the company, Maruti Suzuki India (MSIL) said. The acquisition does not require any government approvals, it added.

    Maruti Suzuki – Competitors

    The top 10 competitors in Maruti Suzuki’s competitive set are Tata Motors, Honda, Hyundai, Mahindra, Toyota, Chevrolet, Ford, Volkswagen, Ashok Leyland and Mercedes-Benz.

    Maruti Suzuki – Challenges Faced

    Suzuki Motors Corporation had to recall certain models of vehicles such as the Grand Vitara and XL 7 which were manufactured in the year 2005. A problem was detected in the adjuster pulley for the drive belt which has the outer portion made up of plastic and operates the power steering pump and air conditioner compressor. Repeated heat stress caused the outer body made up of plastic to weaken and pieces of the pulley broke off.

    The company found out that the broken pieces of pulley can get caught between the pulley and the drive belt which can cause the drive belt to come off resulting in increased effort to steer the vehicle by the driver which in turn increased the risk of a crash or accidents. The company made a plan to resolve the issues in the vehicles with this problem and the dealers of Suzuki Motor Corporation replaced the power steering pump belt tension adjuster free of charge for the customers whose vehicles had the same defect.

    Suzukis subsidiary Maruti Suzuki India Limited faced a great challenge to keep its lead in the small market segment of automobiles in India. The company was facing severe production issues which resulted in a long gestation period for some top-selling brands such as Maruti Suzuki Swift, Maruti Suzuki Swift Desire and a few other models. These production issues could have lead to loss in the market share of Maruti Suzuki in India however the company dealt with the situation by working with their vendors to increase the supply of the materials and the company was able to deal with the backlogs of its normal sales on many models.

    Difficult days, but we will emerge stronger—This was the message India’s biggest car company gave out on Wednesday as it came out with its annual integrated report for the 2020 financial year and took stock of the toll that the pandemic was inflicting on its bottom line.

    “The COVID-19 epidemic has given your company as well as its vendors and dealers an opportunity to review all systems of working and become more efficient and competitive. Thus, while we are going through difficult days, I believe we will emerge stronger and fitter in the future,” Maruti Suzuki chairman R.C.Bhargava said, addressing stakeholders.

    The market leader had posted losses for the first time in about two decades, as the April-June 2020 quarter showed nearly Rs 250 crore loss. Net sales had declined to less than Rs 4,000 crore, compared to nearly Rs 19,000 crore from the period in the previous year.

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    Maruti Suzuki – Future Plans

    In an alliance with Toyota, Maruti Suzuki will be targeting the Hyundai Creta space with a midsized SUV in 2022, and this vehicle will be based on the current Brezza architecture. A C-segment MPV in 2023 is also planned, and both vehicles are likely to be produced at Toyota’s factory in Bidadi.

    Unlike the re-badged Baleno, Ciaz and Ertiga, which will be shared by Maruti and Toyota in India till 2022, the SUV and MPV under development are likely to have distinct characteristics or differentiation to ensure that both companies gain from India’s growing preference for utility vehicles.

    “With over a dozen SUVs planned by its rivals, Maruti Suzuki knows it has to have competitive offerings to retain its 50% overall share. The exit from diesel makes compact UVs a challenge, but a 1.5-litre diesel engine is not yet ruled out,” said one of four executives aware of Maruti’s plans. “Plus, Maruti will be relying on the localised hybrid solutions from Toyota to spruce up its future portfolio.”

    The utility vehicle segment is expected to overtake the humble hatchback segment in India, as an increasing number of buyers prefer the tall and high-seating SUVs and MPVs that cost as low as Rs 5 lakh and as high as Rs 1 crore. According to vehicle forecasting firm IHS Markit, utility vehicle sales will close 2019 at 38%, a tad behind the hatchback segment, before overtaking the latter in 2020. The share of entry-car or mini-car segment, once Maruti’s mainstay, today accounts for just 10% of the overall market as against 25% share it enjoyed 5-7 years ago.

    Apart from bringing in the petrol versions of Vitara Brezza and S-Cross, Maruti created an entrylevel SUV with S-presso. Maruti expects a significant number of its Swift, Dzire, Ciaz, and Ertiga buyers to eventually upgrade to a bigger SUV and MPV.

    Maruti Suzuki – FAQs

    Who is the owner of Maruti Suzuki?

    The company is a subsidiary of Suzuki Motor Corporation of Japan.

    Which country company is Maruti Suzuki?

    Maruti Suzuki India Limited (MSIL), formerly known as Maruti Udyog Limited, a subsidiary of Suzuki Motor Corporation of Japan, is India’s largest passenger car company, accounting for over 50 per cent of the domestic car market.

    Where is the head office of Maruti Suzuki?

    Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an Indian automobile manufacturer headquartered in New Delhi.

    Who is the CEO of Maruti Suzuki?

    Kenichi Ayukawa is the current CEO of Maruti Suzuki.

  • How to Launch a New Business in 2021

    Had you been planning to start up a business and then Covid-19 happened? You may have faced setbacks, but 2021 could finally be the time to put your great idea into motion. By following the steps in this article, you’ll be launching your new business in no time.

    :Launch a new business
    :Launch a new business

    Business Plan

    First and foremost, you need a business plan. Perhaps you drafted one last year. Now is the time to return and reassess it. What are its weaknesses and how can you strengthen them? You need to spend time researching how you’re going to get funding. There are lots of grants opportunities out there. You also need to figure out your budget and how you’ll spend your money. You want to cover all areas: from start-up costs to a marketing strategy.

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    Marketing

    On that note, you’ll want to thoroughly plan your marketing strategy. How are you going to present your brand? You’ll want to think of a strong, catchy, name that people will remember. Then you need to think about how you’re going to spread this name both on and offline. Printed banners are a fantastic solution if you’re looking to make an impact. Remember: the more people paying attention to your brand, the better. Organic word of mouth is key to spreading your business.

    Research

    Although it’s important to get the attention of as many people as possible, you also want to make sure you’re attracting the right kind of people. Who is your target demographic? Remember you can make this target as small or narrow as you want. Check out your competitors and see what they’re doing. What can you do better? You can figure out your unique selling point (USP) Find a hole in the market and implement a way to fill it.

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    Testing

    Before you officially launch your business, it’s a good idea to test it. You want to find a fast, cheap, and robust way for testing. These methods can vary depending on your type of business. Whether it’s setting up a trial website, or selling goods in a market: use the test as a way of communicating with customers and see what works and what doesn’t.

    Starting a new business is a daunting task, but it’s also full of opportunity. You’ll get out what you put in, so you’ll need to work hard to help yourself succeed. What do you think is the best strategy for a new business?

  • How Minance Is Changing Investment Management In India

    The investment landscape in India is fragmented and spilt between the haves and the have not. Over the last decade, India has seen an increase in the inflow of foreign direct investment (FDI). More MNCs have been opening their offices and expanding their businesses here, resulting in a wealth of job opportunities. The Bangalore based Minance has stepped forward to solve the chaotic investment landscape of the country by making three fundamental changes.

    The company is vesting its focus on making investing more accessible, making the process more transparent and finally working towards centralization. Investing for higher returns has become an important factor in the average Indian’s financial planning. While there are many wealth management firms targeting high net worth individuals (HNIs) and their impressive portfolios, there aren’t many players in the market helping the average Indian invest his/her hard-earned savings and realize profits from otherwise idle assets.

    This is where Minance steps in to make a difference. The company aims to change that by helping investors from all walks of life invest in products that were earlier available only to the ultra-rich. Right from financial handholding, transparent dealing of investments through a customer friendly dashboard, to centralization of investments and taxation, Minance is giving the Indian consumer financial independence in the true sense of the term.

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    A brief about Minance

    Minance is a private wealth management firm focused on providing a comprehensive range of investment product for its partners. Minance uses a combination of complex algorithms and fundamental research to guide our investment across derivatives, equity, mutual funds and private equities. Minance was founded in the year November 19th, 2014 by Anurag Bhatia. The vision is to be a one stop solution for investor’s financial needs. The company also provides taxation services and is expanding to insurance, credit, and international equities.

    Minance manages the investments of its partners across a range of asset classes from equities and derivatives to mutual funds and stocks of fast-growing private companies and startups. In just four-and-a-half years, Minance has 3,000 partners and an Asset under Management (AUM) of over $41 Million (Rs. 300 Crore). Bhatia the founder of Minance says that, “Our internal tagline is the money company and we want that to be a reality. To that end, we will soon be expanding into insurance and credit”.

    Anurag Bhatia, the founder and CEO of Minance
    Anurag Bhatia, the founder and CEO of Minance

    When it comes to the history of minance, the company was started when Bhatia was still employed under Amazon. He noticed how a lot of employees who had vested their Amazon stocks but didn’t know what to do with the money. Bhatia who then was known to be the ‘stock market guy’, would help them make a deal in which he would manage his colleague’s investments in return for 1/5 of the profits. This led to Bhatia making a company known as Minance. The company, which initially offered just derivatives, soon gained traction among investors because of its low investment ceiling of Rs 25,000.

    Bhatia became well known after becoming a top writer on Quora. Impressed with his knowledge of the markets, people started pouring in to invest through Minance. The young founder says that he’s been humbled by the overwhelming response to his company. “The journey has been challenging at times. What we set out to do hadn’t been done this way before and we had to build a lot of things from scratch, especially the technology,” he says. Now the investment management firm has around 3,000 partners and has an Asset Under Management (AUM) of over Rs. 300 Crore

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    Standing out in the crowd

    What makes Minance stay ahead is their belief of simply establishing a personal relationship with the people who invest with them. Over the years, the company has managed to build a family of clients who have restored their faith in Minance. Minance has been able to carve out a niche for itself in the competitive market with established players like Tata, HDFC, Future Capital, Kotak Mahindra Capital, Edelweiss stock broking and many more.

    The founder of Minance, Anurag Bhatia says that, “Small retail investors were catered to by mutual funds and the ultra-rich (investments of Rs. 30 Crore and more) went with players like ASK, HDFC, Kotak, etc. We take care of the needs of those in the middle, people who can invest anywhere between Rs. 5-10 Lakh to a few crore”. Minance products are designed in way that they cater to a wide range of risky profile needs. Minance has a product for everyone whether they are a heavy risk taker hungry for return or conservative investor looking for a stable and consistent gain.

    The logo of Minance
    The logo of Minance

    Systematic investments plans (SIPs) are the most popular type of mutual fund as it is easy and convenient, but it comes with a problem as people forget to monitor people forget to monitor them and when market conditions change. Regular monitoring and rebalancing are needed, for which Minance offers managed mutual funds. Bhatia points out that one of the most sought-after products Minance offers is a mutual fund enabled product called Assets Pay Cash, which is designed to generate around 12% additional returns per annum over and above what the mutual fund makes.

    Investing through SIPs in stock are harder since you need to gauge the market and track multiple stocks, which is time consuming. “We are making this easier with our equity product (Bloom). Investors can set up a SIP with us, the money is parked into liquid debt funds while we wait for the right time to deploy. This way your money is still invested and we get to pick the right time to enter the market,” explains Bhatia.

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    Products offered by Minance

    The products offered by Minance are varied in nature. The company taps into the unlisted/private equity market and carries out quality research on companies that are revolutionaries in their fields. The team at minance is focused on research and they make a point to delve into specifics before pitching an investments to their clients. Assets Pay cash (APC) is another investment strategy risk averse in nature with an aim to have you generate significant alpha above your mutual funds.

    The idea is to collateralize your mutual funds, gain margin and then trade in conservative option positions. With all this, our team of Investment managers and Traders work towards being up to date with the market nuances to make informed decisions for our clients,” he informs. Some of the known products offered by the company are:

    • Bloom – Minance long tern equity product is designed to grow your wealth over a 3 to 5 year period. Both Arbor and bloom feature five risk profiles to balance risk appetite with returns.
    • Arbor – Minance core derivatives product catering to aggressive investors, Arbor is designed to generate returns of up to 35%. The product is market neutral, meaning it will generate returns regardless of the market direction.
    • Private equities – The Company offers shares of promising private companies such as PayTm, Ola Kurlon Mattresses, Nazara, etc.
    • Mutual Funds – The company helps its partners identify and manage the most lucrative funds for a given risk level, based on the efficient frontier theory.
    • Assets pay cash – This lets the partner make 12% more returns on top of their mutual funds with no additional investments.
    • Tax safe – Tax safe is minance online vault which stores user’s tax documents and enables them to file taxes in a fast and hassle freeway.
    • Global Equities – Minance latest product enables its partners to invest in a diverse global portfolio comprising of US tech companies, European manufactures, Asian infrastructure firms and many more.

    A hardworking team

    Minance is backed by a young and self-reliant team that is open to opportunities and willing to learn. Bhatia say that, “Finance at the end of the day is also an empathetic business and if you do not speak to your clients the way you would like to be spoken to, the concept of client service is lost. Our team believes in being honest with our clients.” The aim of the company is to level where it serves the elite Indian crowd.

    The idea is to target the rich customers and help them manage their wealth. Traditional methods of investing have existed for centuries and the team is looking for avenues that could help them bounce from these methods to a more advanced ones. “It’s common to worry when it comes to Futures or Options as products because they are quite complex in nature. But that’s where the trick is the want to figure that out. That defines us,” he concludes.

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    Investments made easy and accessible

    Minance partners have access to all these advantages while being able to maintain complete ownership and control of their money. One of the most popular features is a sure shot investor pleaser and the ability to redeem funds anytime. By allowing complete liquidity, Minance takes away whatever apprehensions investors generally have, which make them wary of investing. Minance also enables its partners to access their accounts anytime they wish to see how their funds are doing.

    It offers a web dashboard through which partners receive updates and insights about the companies they have invested their funds in. This helps them stay in loop without having to set up additional tickets on their desktop. Wealth management is an important concern for people living in a country burgeoning economically, technologically, and in many other aspects. Minance helps investors as well as novices strike this balance and provides them the perfect platform to spread their wings and experience ultimate financial freedom.

  • Hexowatch: Beyond Visual Website Monitoring Tool

    Keeping an eye on your market, competitors, suppliers, clients and partners is how you stay one step ahead of the game. New product launch – You’re on it. New service in town, you’re aware of it. Problems affecting your shipping partners, you’re already on the case finding an alternative so your orders don’t get delayed.

    The problem is that checking websites is time consuming, tedious and chances are you have many more important tasks on your todo-list so these types of activities are usually set aside for a rainy day.

    No need to worry! We got you covered, presenting detailed Hexowatch review with pricing and integrations.

    What is Hexowatch?

    Hexowatch Tool Review
    Hexowatch Tool Review

    Hexowatch is an innovative page change monitoring platform that works like a reconnaissance drone, checking any web page for visual, content, keyword, pricing, HTML, technology, availability or domain administration changes.

    Tool Name Hexowatch
    Launched in 2020
    Hexowatch Prime Company Hexact, Inc
    Hexowatch Contact support@hexowatch.com

    Hexowatch Features

    Receive Notifications When Something Changes

    Hexowatch comes with a wide range of monitoring types to help you pinpoint changes in any web page. You can focus on visual, content, keyword, technology, HTML, availability or domain changes. There is even an AI mode which checks for any type of change as well as an HTML element monitoring mode which lets you monitor specific elements on a page for changes.

    Stay Ahead of The Game

    New hire? New product launch? A pricing change? A product that goes out of stock? With Hexowatch, you’ll be notified when any change occurs so you can act upon it when it happens.

    Be The First in The Market

    Whenever your manufacturer or supplier launches any product line, Hexowatch will instantly inform you so you can pounce on the opportunity before anyone else notices.

    Know When Availability of A Product Changes

    Waiting for a Product to become available in the market, trying to secure a reservation for that product or service? First, stop worrying about that because Hexowatch is your buddy that will flag you as soon as your most awaited product becomes available.

    Tips You When it Finds Recruitment Opportunity

    Hexowatch is also a great asset to those who are looking for jobs. Hexowatch can notify you promptly when vacancies of the company you want to work in arise.

    Be The First to Get The Deal

    Waiting for a price drop for a deal? Hexowatch will oversee on your behalf and quickly give you an alert when the price drops to make sure that you grab the deal first.

    Every time a page undergoes any changes, Hexowatch will archive a snapshot for you you can access for up to 3 months for legal and compliance purposes.

    Conversion of A Website into Private Data Source

    Hexowatch can convert any website into a private data source accessible by you and also make it available to download in the form of a CSV file, Google Sheets, or via Zapier.

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    How Hexowatch works?

    Hexowatch gives the user the following monitoring tools:

    1. Visual Monitoring.
    2. HTML Element Monitoring.
    3. Content Monitoring.
    4. Technology Monitoring.
    5. Keyword Monitoring.
    6. Availability Monitoring.
    7. HTML Monitoring.
    8. Automatic AI Monitoring.
    9. Domain WHOIS Monitoring.

    Hexowatch Integrations

    Hexowatch can be integrated with below mentioned apps –

    • Telegram
    • Slack
    • Gmail
    • Google Sheets
    • Zapier
    • Pabbly

    Hexowatch Pricing

    Normal Price Lifetime Deal
    $24.99/ month $75 one-time

    In the above plan you will have:
    1) 4500 checks per month.
    2) 30 mins. maximum checks frequency
    3) Popular integrations like Slack and integration etc.

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    Hexowatch Ratings

    Below given data is collected from the popular rating website Capterra and g2:

    Overall Rating 4.4/5
    Ease of Use 4.4/5
    Customer Support    5/5
    Features & Functionality 4.4/5
    Value for Money 4.8/5

    In Hexowatch, you can monitor websites on monthly, weekly, daily, hourly and even on per- 5 minute basis and via Email, Zapier, Slack, Telegram, and Pabbly.

    There is no requirement of any software in Hexowatch as you can check any website just from the cloud only. Hexowatch provides automatic AI-based or Specific monitoring modes.

    In Hexowatch, users can adjust the sensitivity of monitoring to receive all the notification, or when any significant change detects and also see what changes takes place before or after with a slider or different view.

    Conclusion

    Hexowatch is a comprehensive service for those who want to stay alert, stay informed, and lead the market in every front. According to the founders, the Pro plan alone can save up to 30 hours of productive time a month by taking care of tedious page checking tasks that typically waste the time small and medium sized businesses.

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    Frequently Asked Questions (F.A.Q)

    What is Hexowatch?
    Hexowatch is an automatic AI-based companion that monitors any website for visual, content, technology, keyword, source code, domain, availability, or price changes. Hexowatch will work 24*7 to help to keep track of your competitors, detect trends, and also visually check your website.

    How does the checking system work in Hexowatch, and how many webpages can Hexowatch scan in one time?
    It will depend on the plan you purchase and how frequently you need to check a page.

    How can Hexowatch help in the B2B space?
    Hexowatch enables you to monitor your competitors, suppliers, partners and associates.

    What is the Data Retention Policy in Hexowatch?
    Hexowatch stores your monitored data for a minimum period of 3 months, and in between this period, you can copy/export/download your data.

    Can Hexowatch notify when limited edition products get available on a website?
    Yes. Hexowatch proves itself by notifying this for its Non-Business Customers.

    Can Hexowatch monitor a complete website for changes?
    The best way to monitor a website is by picking key pages, for example, the homepage, top-level category pages, blog, news or specific product pages of interest. By this, you’ll receive an update whenever something new happens.

  • How To Start A Preschool

    Childhood is the most crucial time in an individual’s life, the building blocks of a person’s personality are set in early childhood. Education, a facility not available for many plays a predominant role in molding a kid’s persona.

    If you’re someone who’d like to contribute to the community by helping tons of kids have a quality future, starting a preschool would be a correct option.
    Initially, you could start by understanding the needs and wants of your community, people who’d like to enroll their kids in a preschool, how many of them have already done it, and who doesn’t wish to do it and why.

    You will also need to look out for local laws and restrictions before starting with this endeavor. Since the pandemic, there will be many limitations in executing the plan however, where there’s a will, there’s a way, right?

    Educational Sector In India
    Educational Sector In India

    Make sure you have ample time to decide on a curriculum, financial resources, and minimal objection to conduct this plan. Finding a clean and easily accessible and visible location for your preschool would also be an added advantage. Once you hire a good staff as well, you’ll be all set to shape the future.

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    Know About Other Preschools

    Before starting up with your own preschool it’s better to have a look at the functioning of the existing preschools in your area. Getting to know more about the pre-existing preschools in your community would help you dodge any obstacles they faced that could torpedo your plans. Try to know the number of preschools functional in your area. Get insights on students that are overlooked eg: kids with disabilities or children from a low-income background.

    Be informed about what kind of educational philosophies do these schools inculcate in the young students and what’s the outcome of doing so. Information like budgets and tuition fees, maintenance etc will also be rendered valuable for your preschool.

    Sole Proprietorship For Small Preschools

    If you’d like to keep things simple for your preschool by a sole proprietorship option ie. you being the only owner depending upon your resources. Choosing this option would be recommended as it is relatively inexpensive and maintenance won’t be a big problem, however, unfortunate activities like debts, damages, or accidents will be the owner’s responsibility to take care of.

    Beyond this, being the sole owner will also mean that the preschool’s finances will be under the owner’s care.All said and done, being your own boss paired with shaping the future minds would be a really righteous thing to do.

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    Protection Of Assets

    It is imperative to have your assets protected by creating a limited liability corporation (LLC). When you are hiring employees for your preschool, having an LLC to secure your assets would be a safer option for protecting your financial properties.

    Having an LLC would be rendered as a major advantage as it will have your personal assets protected even during the case of a lawsuit.Indeed, an LLC would be a good option however, there is a drawback to it as well. You might have to pay higher taxes to maintain an LLC as compared to a sole proprietorship.

    Market Share Of Educational Players
    Market Share Of Educational Players

    Be Tax Exempted

    Government offers support to non-profit schools that are funded by private donors. If you’re looking out to establish a preschool for children with disabilities or kids that aren’t looked upon, being tax exempted by declaring yourself as a non -profit organization.

    This will be a huge advantage in the school’s holistic development. Nonprofit schools attract large contributions from people as comopared to for-profit educational organizations since the gifts from such donors are tax-deductible. Filing annual reports about the school’s financial details and activities will be a job that will need supervision, time to time.

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    Form A Parent Run School

    Forming a co-operative school where the parents help in all pof the school’s operations from hiring staff to teaching in the classroom will help you cutdown costs and will be beneficial for the school itself as someone from the community itself will be taking care of the school, lovingly.Connect with the parents and find out if they’re interested in the formation of a co-op preschool.

    Find A Preschool Franchise

    You could always work on an established model through a school franchise. This will save you the time and efforts of starting you the school right from scratch.There are already tons of preschool franchises available in the market.

    Since the existing franchises already have an established brand name and are recognizable, it helps students gain trust and enroll in the school. They also have a template curriculum and business operations already set.If you’re opting for the franchises option , be prepared to invest alot of money which will be rendered quite profitable.

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    Hire A Business Lawyer

    Having a business lawyer to work for your finances and deals will definitely reduce your burden and will also help you to make much better informed decisions.The business lawyer can help you decide on the pros and cons on all the preschool business models you look at.

    Navigation for licensing requirements will also be an easy task when you’re assisted by a lawyer.Familiarize yourself with the Licensing requirements and laws within your community and state as the perks for preschools vary widely from one place to another.

    Conform To Regional Curriculum Standards

    Many areas already have regional curriculum standards for early children opting for early education. Such standards are pre-designed for educator’s guidance in the holistic, effective and appropriate developmental education for preschool-aged children. By being familiar with these standards will definitely help you in preparing a robust plan as you build your pre school.

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    Quality Rating System For The Preschool

    Find out the laws concerned about preschool quality rating systems. Be in touch with the local board of education for the same. Participate in QRIS (Quality Rating Improvement Systems) designed for preschools, and meet QRIS standards.

    A country like India is in a strong need for quality education and establishing a preschool would be a noble idea. Children, the future of the country have to be moulded right for every citizen to benefit.Having a quality preschool with happy kids shining the name of the school would be enthralling.