Tag: consultancy

  • How to Build a Thriving Consultancy as a Woman in Marketing & PR

    This article has been contributed by Charu Chellani, an Independent Consultant – PR & Marketing and Travel Enthusiast.

    India’s entrepreneurial scenario is witnessing a dramatic change, with women taking the lead in this revolution. The consultancy industry, especially in marketing and public relations (PR), offers enormous opportunities for women to create successful careers by utilizing their talent and creativity. As per a report by the National Sample Survey (NSS), women entrepreneurs represent 14% of the total business owners in India, and the marketing and communications sector has witnessed a remarkable upsurge in women-owned business ventures.

    In spite of this expansion, many women are reluctant to venture into the field of consultancy, faced with issues like intense competition, the challenge of getting clients, and the need to build credibility. However, with proper strategies, a positive attitude, and astute industry insights, the vision of creating a thriving consultancy in Marketing & PR becomes a reality. This article presents a step-by-step guide for aspiring women entrepreneurs venturing into this fast-paced industry.


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    Building Your Personal Brand: Transforming into a Thought Leader

    Credibility is everything in consultancy. Individuals look for expertise and trustworthiness before they invest in services, and therefore, personal branding plays a crucial role in building authority and visibility. A powerful personal brand not only positions a consultant above his or her peers in a competitive marketplace but also positions him or her as a thought leader.

    One of the most effective ways to establish this brand is by using professional platforms such as LinkedIn and Twitter. By regularly posting industry insights, case studies, and new trends, it is possible to create an image of being an expert while keeping the audience actively engaged. Publishing articles in well-respected publications establishes credibility and shows extensive industry knowledge to a broader audience. In addition, speaking at industry events offers rich opportunities to network with key stakeholders, all while cementing one’s thought leadership. Another effective avenue is publishing case studies that show successful client outcomes and PR efforts, thereby establishing tangible evidence of expertise.

    The power of a dynamic web presence is immense. As per a 2023 LinkedIn India report, 82% of business leaders are likely to trust a consultant who consistently shares insights and case studies on the web. Regularly making valuable content available and demonstrating their expertise, consultants can emerge as go-to experts whom clients can trust, and thus acquire more clients and establish long-term professional relationships.

    Finding and Acquiring Clients: Effective Strategies for Securing Business

    Acquiring customers is the foundation of any successful consultancy, the key to which is strategic networking and focused outreach. Attending industry conferences, such as PR conferences and marketing summits, fosters deeper connections, whereas networking groups such as TiE Women and SheLeads provide opportunities to engage with prospective clients. Moreover, cold outreach is still a mighty tool; developing personalized pitches that address particular pain areas can dramatically boost response rates. Finally, providing referral rewards to current customers can provide a steady source of new business.

    Outside the confines of conventional networking, collaboration with PR agencies and intelligent use of freelance platforms can herald new possibilities. By collaborating with larger PR firms in outsourced projects, particularly in the arena of digital PR and influencer marketing, consultants can gain credibility and acquire high-paying clients. Concurrently, freelance sites such as Upwork, Fiverr, and India-focused platforms such as Refrens provide entry points to global and domestic clients looking for specialist services. With the clever combination of these strategies, consultants can build a stable client base and achieve long-term, sustainable growth.

    Creating a Successful Business Model

    Getting clients is only the first step; decent pricing is needed for long-term profitability. The right model will depend on your services and your clients’ needs. A retainer model offers a stable income through fixed monthly fees, so use it for continuous strategic advice. Project pricing is more suitable for short-term campaigns, and hourly or daily fees offer flexibility, especially for corporate PR.

    Pricing is a matter of experience and industry standards. Indian marketing consultants can be hired for INR 5,000–INR 25,000 per hour. Adopting the right methodology assures sustainability, profitability, and growth in a competitive market.


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    Make sure you register your consultancy as a Sole Proprietorship, LLP, or Private Limited Company, based on your growth goals. Platforms such as Startup India and MSME Udyam Registration provide simple registration services. Also, taking GST registration, if your turnover crosses INR 20 lakhs, and comprehending the nuances of tax compliance is important. Taking the advice of a financial advisor can organize your consultancy’s finances with precision.

    Innovation & Skill Development

    The PR and marketing field is constantly changing, requiring one to constantly learn and adapt in order to survive. People should be current with industry trends, new technologies, and changing consumer behavior in order to remain competitive.

    One of the best methods to stay ahead is by upskilling via online courses. Sites like Coursera, Udemy, and IIMBx offer specialized courses in digital marketing, PR analytics, and branding, allowing consultants to sharpen their skills. Additionally, AI and automation are revolutionizing PR strategies, with tools like Meltwater, Brandwatch, and Sprinklr transforming media monitoring and campaign tracking. Becoming proficient in these technologies can significantly improve efficiency and impact.

    The growing importance of AI-powered content marketing is well in evidence in India’s online advertising market, which is projected to reach ₹70,000 crores by 2026. With data-driven decision-making and automation becoming the pillars of marketing and PR, staying in touch with the latest trends is no longer a choice—it is now the secret to long-term success.


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    Conclusion

    Creating a successful consultancy as a woman in Marketing and PR in India is a fulfilling journey, but not without its ups and downs. Success lies in discovering your niche, building your credibility, gaining clients strategically, creating a sustainable business model, and embracing ongoing innovation. India’s business environment is becoming more open to women entrepreneurs with programs such as Startup India, Women Entrepreneurship Platform (WEP), and government incentives favoring women-owned businesses. The journey may be tough, but with grit, smart networking, and ongoing learning, you can create a consultancy that not only survives but opens new doors.


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  • Cognizant – Transforming Businesses Digitally

    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.

    Cognizant Technology Solutions, founded on January 26, 1994 by Kumar Mahadeva & Francisco D’Souza, is an American multinational IT services provider. It also provides consulting and business process outsourcing (BPO) services. In the course of dot com boom, it flourished by receiving the application maintenance work that the big corporations were reluctant to carry out. Gradually, it moved into application development, complex systems integration and consulting work.

    Cognizant grew rapidly during the 2000s and became a Fortune 500 company in 2011. It is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000 and the Fortune 500 and is positioned among the top performing and fastest growing companies in the world.

    Cognizant – Company Highlights

    Startup Name Cognizant Technology Solutions Corporation
    Headquarters Teaneck, New Jersey, U.S
    Industries IT services, IT consulting
    Founders Kumar Mahadeva, Francisco D’Souza
    Founded 26 January 1994
    CEO Brian Humphries
    Areas served Worldwide
    Website www.cognizant.com

    Cognizant – About and How it works?
    Cognizant – Logo and it’s meaning
    Cognizant – Founders and History
    Cognizant – Mission
    Cognizant – Business Model
    Cognizant – Revenue
    Cognizant – Funding and Investors
    Cognizant – Investments
    Cognizant – Competitors
    Cognizant – Controversies
    Cognizant – Growth
    Cognizant – Achievements
    Cognizant – Future Plans

    Cognizant – About and How it works?

    Cognizant Technology Solutions Corporation, incorporated on April 6, 1988, is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Company’s services include consulting and technology services and outsourcing services. The Company develops, licenses, implements and supports third-party software products for the healthcare industry, including solutions for health insurance plans, third party benefit administrators (TPAs), and healthcare providers. It provides IT Infrastructure management outsourcing services that include data center, infrastructure security, network and convergence, end user computing services and mobility.

    Cognizant – Logo and it’s meaning

    Cognizant’s old logo consists of two C’s – one vertical and one horizontal. The vertical C in the logo symbolizes the equality of its employees while the horizontal C signifies the corporation’s commitment to its customers.

    Cognizant's Logo Evolution

    A few months back, Cognizant launched its new logo. The core thought driving this transformed identity was the brand’s work and motto: digitally transformative, thereby, ensuring that their clients remain ahead of, or at par with their competition.

    Cognizant – Founders and History

    Kumar Mahadeva and Francisco D’Souza are founders of Cognizant.

    Co-Founder of Cognizant - Francisco D'Souza
    Co-Founder of Cognizant – Francisco D’Souza

    Cognizant began as Dun & Bradstreet Satyam Software (DBSS),established as Dun & Bradstreet’s in-house technology unit focused on implementing large-scale IT projects for Dun & Bradstreet businesses. In 1996, the company started pursuing customers beyond Dun & Bradstreet.

    In 1996, Dun & Bradstreet splits off few of it’s auxiliaries including Eriscon, IMS International, Nielsen Media Research, Pilot Software, Strategic Technologies and DBSS, to form a new company called Cognizant Corporation, headquartered in New Jersey, U.S. Three months later, in 1997, DBSS renamed itself to Cognizant Technology Solutions.


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    Cognizant – Mission

    Cognizant’s single-minded mission is to dedicate their business process and technology innovation know-how, deep industry expertise and worldwide resources to working together with clients to make their businesses stronger. Their aim is to be the number one solutions provider in each sector they provide service in, through integrity, competence, innovation and execution. Commitment to their customers, employees, licensees and shareholders is the foundation of their mission. They commit to being, “Open, Honest and Direct.”

    Cognizant – Business Model

    Like many other IT services firms, Cognizant follows a global delivery model based on offshore software R&D and offshore outsourcing. The company has a number of offshore development centers outside the United States and near-shore centers in the U.S., Europe and South America. In its early years, Cognizant gained business from a number of American and European companies with the help of the Dun & Bradstreet brand. The company’s senior executives foresaw the firm as a provider of high-end customer services at lower prices than it’s competitors Accenture, BearingPoint, Capgemini, E&Y, Deloitte and IBM.

    Cognizant – Revenue

    • Cognizant Technology Solutions revenue for the quarter ending September 30, 2020 was $4.243B, a 0.12% decline year-over-year.
    • Cognizant Technology Solutions revenue for the twelve months ending September 30, 2020 was $16.752B, a 0.75% increase year-over-year.

    Year Annual Revenue Percentage change
    2018 $16.783B +4.08%
    2017 $16.125B, +8.88%
    2016 $14.81B 9.81%

    Cognizant – Funding and Investors

    Cognizant is registered under the ticker  NASDAQ:CTSH . Their stock opened with $10.00 in its Jun 19, 1998 IPO.

    Cognizant has raised a total of $241K in funding over 1 round. This was a Post-IPO Equity round raised on Nov 18, 2016 by Summit Financial Wealth Advisors.

    Cognizant – Investments

    Cognizant has made 5 investments. Their most recent investment was on Nov 20, 2018, when Civic Hall raised $2M.

    Date Stage Amount Organization Name
    Nov 20, 2018 Grant $2M Civic Hall
    Sep 12, 2017 Series A $3.5M Cybrary
    Jan 17, 2017 Series B $22M Measure UAS
    Apr 28, 2016 Funding Round ReD Associates
    Jul 7, 2000 Series A $10M Questra


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    Cognizant – Competitors

    One of the top most competitors of Cognizant is Infosys. Infosys Limited, is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. Headquartered in Bangalore, India. Other competitors include Accenture(US), Insight, CGI and CIBER.

    Cognizant – Controversies

    • Bribery : Larsen & Toubro Ltd (L&T) paid million in bribes to Indian government officials on behalf of Cognizant Technology Solutions Corp. to secure permits, ranging from environmental clearance to power. L&T has made unlawful installments and Cognizant repaid the amount by masking it as pay for cost overruns.
    • Companies Act violations : Cognizant Technology Solutions Corporation has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), and two of the company’s former executives were charged for their roles in facilitating the payment of millions of dollars in a bribe to an Indian government official.
    • Layoffs : 20 senior executives, above the Director’s Level were dismissed because they were not able to catch up with the latest technologies. The number of the executives that were dismissed is unusually high and questions the ability of the company to catch up with the latest technologies.
    • Tax evasion : The Income Tax department has frozen Cognizant Technology Solutions Corp’s bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT).

    Cognizant – Growth

    Cognizant is praised for it’s amazing pace of growth. Till December 2018, Cognizant has added $14.66 billion in revenue, or the combined numbers of what Wipro and Tech Mahindra Ltd could achieve. All the credit goes to the company’s super-aggressive sales culture as the firm always had more people managing it’s large accounts. Cognizant’s senior management comprises more people from outside the firm, unlike the insular approach followed by many other competitors.


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    Cognizant – Achievements

    • Cognizant recognized as a Top Provider in the Outsourcing and Consulting categories besides being named as a Customer Satisfaction Leader by CGT.
    • Ovum Decision Matrix recognized Cognizant as “Market Leader” in Outsourcing Testing Service Providers.
    • Consumer Goods Technology (CGT) awarded Readers’ Choice Award for the ninth consecutive year.
    • Forrester Research, Inc. named Cognizant a Leader in Business Intelligence Services.
    • Cognizant placed in IDC MarketScape as a Leader in IT and BPO Services.

    Cognizant – Future Plans

    A spokesperson for Cognizant said that it will continue to invest in the business, while decreasing certain costs in the wake of the Covid-19 pandemic wrecking havoc in the global market place.

    Brian Humphries, chief executive, Cognizant, said, “Today, we are announcing a simplification of our operating model and a cost reduction program, which will allow us to fund investments in growth. Looking ahead, we see a clear path to unlock the organizations full growth potential, win in our key digital battlegrounds, and return Cognizant to its historical position of being the bellwether of the IT services industry.”

    IT firm will go through a net reduction of 5,000-7,000 employees, either through attrition or role elimination. This accounts for around 2 per cent of its total employee base. Expecting a challenging demand environment after 2020, the company plans to invest in developing digital skills while correcting the employee pyramid, by on-boarding close to 20,000 entry-level hires.