Meera, originally from China, discovered her passion for Indian culture upon moving to Delhi a few years ago. Enchanted by the Hindi language and traditional customs, she pursued a diploma course at Jawaharlal Nehru University, solidifying her connection to India. Her social media presence, boasting over 8 million followers, serves as a platform where she shares her love for Indian traditions, often seen wearing sarees and celebrating Bollywood classics.
Spicy Rail x Desi Trail with Meera
In a recent YouTube podcast with SPICY RAIL X DESI TRAIL, Meera spoke about the romantic and cinematic themes that resonate in both India and China. She spoke fondly of Bollywood’s emotional depth, highlighting how films like “Bajrangi Bhaijaan,” “Secret Superstar,” and “Hindi Medium” have enriched her perception of Indian storytelling. During the podcast, Meera mentioned her favourite Bollywood actor, Hritik Roshan. Meera had also explored popular Chinese dramas like “Meteor Garden,” drawing parallels between the romantic tales cherished by audiences in both countries. These stories, she noted, share universal themes of love and emotional connection, demonstrating how deeply human experiences transcend cultural boundaries.
During the podcast, Meera shared her journey of adopting the name “Meera” instead of her Chinese name, Chu Chink Chink. This name change symbolizes her embrace of Indian culture and her mission to create a cross-cultural identity. She also reflected on her Hindi learning experience, mentioning the fewer number of learners and the resulting lesser competition. Her proficiency in Hindi allows her to sing Indian songs with impressive accuracy, further endearing her to her followers.
She highlighted how Indian films and songs, such as those from “Baahubali” and “Dangal,” have gained immense popularity in China, contributing to a positive image of India. These films have performed well at the Chinese box office, fostering a deeper appreciation for Indian culture among Chinese audiences.
Meera also discussed youth cultures in both countries, noting the similarities and the increasing interest among Indian youth in Chinese girlfriends. She mentioned the popularity of Korean series among Indian families and the growing influence of Indian family dramas in China. Through her content, Meera aims to dispel stereotypes and promote a nuanced understanding of the vibrant cultures of India and China.
Ola Electric was served a legal notice by CE Info Systems, the parent company of MapMyIndia, which allegedly accused Ola Electric of copying its data following the launch of Ola Electric’s mapping service in India (as reported by a media group).
Ola Electric is accused of breaching its licensing agreement in the notification. Ola Electric began using MapMyIndia in 2022 to help guide riders of their S1 Pro electric scooter.
As per MapMyIndia, the agreement forbade Ola Electric from doing things like combining the licensed product with competitive products or trying to reverse engineer the API or related software of the licensed product to extract or copy its source code.
“In order to construct OLA Maps, you have stolen our client’s proprietary APIs and software development kits and used them to create your own. “Our client’s exclusive data has been copied/derived by you to further your illegal motive and for your unjust commercial gains,” CE Info Systems warned, as quoted by the media outlet in its report.
“Your assertion that you have developed API and map data/Ola Maps solely through open map is factually incorrect and not tenable,” the company said in its legal document.
Specifically, the conditions of the 2021 agreement prohibit co-mingling and reverse engineering in accordance with Intellectual Property standards; the legal notification reportedly highlights this fact.
“By engaging in such dishonest and unlawful practices, you have clearly disregarded the agreement’s provisions and have violated our client’s copyright regarding the source code,” the warning went on to state, as reported by the media agency.
Ola Refuted All the Allegations
Ola Electric has denied the accusations leveled by MapMyIndia, calling them “false and misleading.” The firm promised to respond to the legal complaint in due course.
Ola Electric would like to make a statement regarding the accusations made by CE Info Systems Limited regarding the purported problems with Ola Maps compared to MapMyIndia, which have been highlighted in the media. “We want to make it clear that these accusations are completely unfounded, intended to mislead, and spiteful. When it comes to doing business, Ola Electric is unwavering in its honesty”. An Ola Electric representative promised a proper response to the notification soon.
Ola, headquartered in Bengaluru, India, debuted Ola Maps earlier this month to compete with Google Maps. The business also stopped using Google Maps and started using its own mapping service.
“We have now fully exited Google Maps,” wrote Ola Cabs CEO Bhavish Aggarwal in a message on X (previously Twitter). This follows Azure’s departure last month. “We eliminated that expense this month by switching to our own Ola maps, which saved us INR 100 crore compared to last year! To see if an update is necessary, open your Ola app,” added CEO.
After Azure exit last month, we’ve now fully exited google maps. We used to spend ₹100 cr a year but we’ve made that 0 this month by moving completely to our in house Ola maps! Check your Ola app and update if needed 😉
To increase its profitability, the agriculture supply chain company Waycool has terminated the employment of more than two hundred people across all departments. This is the third wave of layoffs that have been implemented at the corporation situated in Chennai.
Waycool’s businesses are all working hard to put their strategies into action to achieve profitability. A further simplification and automation of roles and structures is included as a component of this. A spokeswoman for Waycool stated that this will be an ongoing procedure at all times.
There was no statement from the corporation regarding the number of employees who were terminated. A total of more than 370 workers were terminated from their positions during the two previous firings, which took place in July 2023 and February of this year respectively.
According to a well-known media outlet, which was the first to report on the news, the layoffs have affected employees in the cities of Chennai, Bengaluru, and Hyderabad, as well as staff working for the company’s two subsidiaries, CensaNext and BrandNext.
Why Did the Company Decide to Initiate This Move?
Waycool was reportedly in the process of negotiating a new round of funding on the order of more than fifty million dollars, which would have resulted in the company’s valuation being in the range of $900 million to $1 billion. The negotiations, on the other hand, did not succeed. The company’s most recent stock round resulted in a valuation of $700 million.
It is estimated that Waycool has received approximately $160 million in investment at this point from a variety of sources, including Lightrock, International Finance Corporation, FMO, and 57 Stars.
Several headlines in the media earlier this week brought attention to the fact that Waycool was having difficulty scaling and was unable to acquire a fresh round of funding. Even though the company has not yet submitted its annual report for the fiscal year 24 (FY24), it has reported a 62% increase in its operational revenue, which went from INR 772 crore in FY22 to INR 1,251 crore in FY23. The company continued to suffer losses, which increased by 89% to a total of INR 685 crore in the fiscal year 23.
Delayed Payment Hampers Brand Name
The situation has become worse as a result of unfulfilled payment obligations to various vendors, such as millers, logistics partners, and service providers such as SGSs. A report in the media stated that payments to vendors were made rotationallyover the previous three months; however, this practice has completely ceased since June because collections from customers have been delayed.
Several times in the past, salaries have been delayed, and the employer has not yet processed the payslip for June. As a result of the drought of funding, the payments from customers have become stalled, as mentioned in a media report.
Tejas Rathod, Co-Founder and COO of Mobavenue discusses his entrepreneurial journey, building a successful startup and the future of MadTech Industry.
The startup ecosystem of India is blooming exponentially with great various human capital advantages and enormous opportunities coming in limelight due to technological adoption and digital transformation across sectors.
The “Crafting Bharat – A Startup Podcast Series” powered by AWS, and an initiative by NewsReach, in association with VCCircle, unlocks the secrets behind these successful entrepreneurs’ journeys aiming to equip aspiring entrepreneurs and business enthusiasts with invaluable insights. The podcast series is hosted by Gautam Srinivasan, famed for hosting a diverse range of TV and digital programs, currently consulting editor at CNBC (India), CNN-News18, Forbes India, and The Economic Times.
Digital transformation across sectors has brought forward various opportunities for budding entrepreneurs, and a humble and visionary entrepreneur Tejas Rathod, Co-Founder and COO of Mobavenue, is streamlining how brands communicate to users. In the Crafting Bharat Podcast Series, Rathod talks about his entrepreneurial journey, building a successful startup, and the future of the MadTech Industry.
Explore the tales of Indian startup founders’ transformation from dreams to reality, navigating challenges to seize opportunities through the Crafting Bharat Podcast Series.
Crafting Bharat, Episode 8 With Tejas Rathod, Co-Founder and COO of Mobavenue
Segment 1: The Incubator
From starting off with 100$ in a small cubicle to creating a leading ad-tech and mar-tech platform; It all began at a very early age for you. Describe the experience of being a startup founder at a very young age?
Kunal (Co-founder & CGO) and I started with content monetization, which got us our first paycheck of $100. This motivated us to do more. With that, we started off by helping brands… through digital marketing. When that was going well, we met Ishank (Co-founder & CEO), and he helped propel us with the clientele. With that we got on the journey of Mobavenue. The journey was amazing, we never thought of creating such a big company coming from a humble background. It was overwhelming to have so many clients and various products across our table along with doing exceptionally well in the industry.
How has Mobavenue enabled more creative ways to bridge the gap between publishers and advertisers while still maintaining a privacy-first approach during this shift?
It was a great challenge for us because the AdTech industry is ever evolving and very dynamic. You need to be on top of everything. Privacy has been a major concern of government institutions and the entire ecosystem. We thought of including contextual targeting in our Demand Side Platform (DSP). This is where we try to understand the users, what they are reading from the content, and how we can target the users. We try to target the content that is being read by the user and place the advertisement around that content.
As Mobavenue evolved its solutions to address single and multiple use cases to build an end- to-end platform for growth and ad-tech, what were the key challenges that you faced in trying to address client needs from diverse sectors?
Each sector has different requirements with respect to acquiring customers through our platform. Every company has a different problem statement. As we work with enterprises, they have already acquired the initial set of customers, their purpose of approaching us is to discover and acquire a new customer base.
Segment 2: The Accelerator
What lessons can we learn from Mobavenue’s journey of being bootstrapped and the ways to achieve profitability at a quick pace?
Finding the right talents, especially in a lean team, being adaptive to situations, and understanding finances deeply in terms of revenue and expenses can be helpful for budding entrepreneurs. We even try to avoid overburdening our cash flows— as we directly work with clients without any mediators to effectively show our value proposition.
What’s the best way to stay grounded as a startup founder if you achieve a lot in very little time?
We come across a lot of people and converse with them. When you come across someone who has done greater things in life than you, it makes you realize that you need to achieve more. I haven’t reached the peak where I can say that I have done everything. I would say that you should thrive better and achieve more.
Over the past decade, India’s startup ecosystem has evolved dynamically, offering fertile ground for innovation and abundant opportunities for entrepreneurs to thrive and compete at global level in the years to come.
Stay tuned to the Crafting Bharat Podcast Series as they bring you these inspirational entrepreneurs for insightful and candid discussions with Gautam Srinivasan.
The ISRO Immersion Startup Challenge: AI for Space and Geospatial Innovation is being launched by ISRO-NRSC in partnership with the International Institute of Information Technology, Hyderabad. To inspire, connect, and enable the subsequent generation of space-tech innovators, the ISRO Immersion Startup Challenge is an all-day event planned to be held annually. The challenge will include an immersive event on August 3, 2024, that unites entrepreneurs, students, academics, and business tycoons from the geospatial and space industries. The challenge application is available now.
National Space Day-2024 AI for Space & Geospatial Innovation: ISRO Immersion Startup-Challenge
Space-tech innovators, Researchers, Students and Professionals are invited to participate. 🔗https://t.co/1ZU2mt6aTE 🗓 August 3, 2024 📍 IIIT, Hyderabad
The challenge’s goal is to encourage creativity, foster relationships between ecosystems, and provide a platform for the upcoming space tech pioneers. Startups, students, faculty, academics, and industry experts in space and geospatial technology will all be present at this event. Through brainstorming sessions, pitching rounds, industry presentations, panel discussions, and mentorship programs, it will encourage the creation of artificial intelligence solutions that can be used in space.
Immersion Startup-Challenge
By providing a stage for the presentation of ideas and the possibility of financial backing, the challenge hopes to encourage creative solutions and bring together important players. There will be a startup challenge and a student/researcher challenge within the program.
Startups in their early stages or well-established businesses who have an innovative AI-powered space solution are welcome to apply for the startup challenges. Students and researchers can demonstrate their abilities in artificial intelligence (AI) for space research and investigate potential commercialization opportunities through the student/research challenges. The competition is open to teams of professionals, researchers, senior engineering/science students, and companies in their early stages or already established.
Along with spending a day in the lab with ISRO experts, participants will also get an opportunity to apply for funds to back their projects. Opportunities for finance and exposure to the space ecosystem will be provided to them. Members of ISRO, IN-SPACe, and DST will be available to them personally. They might even team up with well-known space tech companies and present their innovative concepts to an esteemed panel of judges.
Registration Process
The entire registration process has been made user-friendly so that a maximum number of people can participate in this mega event. Applicants need to follow the simple steps that are mentioned below to complete their registration.
According to a report presented by the Department of Electronics, IT, BT, and S&T, Government of Karnataka, 45 out of India’s 112 unicorns are based in Bengaluru, making it a leader in the startup movement. According to the Bengaluru Innovation Report 2024, the city is known as an innovation hub that encourages revolutionary developments in areas such as AI, biotech, and fintech.
The Bengaluru startup ecosystem is strongly supported by top IT businesses, research institutes, and capital allocators. It’s a place where collaboration and competition are encouraged. As a result, both the economy and technology are booming.
Over 14,000 startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) and over 4,000 active investors in tech startups call Karnataka home. According to Priyank Kharge, who is the minister for the Department of Electronics, IT, BT, Rural Development, and Panchayati Raj in the Karnataka government, the existence of 45 tech unicorns further solidifies the state’s image as a top hub for technology and innovation.
According to him, the state government has launched several programs to help entrepreneurs at different points in their development. Over 980 businesses have been awarded grants of up to INR 50 lakh through the Elevate program, which is an initiative that helps entrepreneurs go from idea to proof of concept. Women business owners and deep tech solutions are two areas that will receive enhanced attention in the coming future.
Initiatives That Are Driving the Growth
To address the wide range of startup funding requirements in the state, two funds have been established: the Beyond Bengaluru Cluster Seed Fund and the Kitven Funds. To support student-run initiatives, the NAIN program has set up around fifty innovation centers in IT institutions outside of Bengaluru. Beyond Bengaluru and the Karnataka Digital Economy Mission are two more important programs that are helping to make the state a center for information technology.
Major software companies like Amazon, Microsoft, Meta, and Google have their research and development centers in Bengaluru, according to Prashanth Prakash, who is a partner at the venture capital firm Accel and the head of the Startup Vision Group for the Government of Karnataka. According to him, businesses like Zerodha, CRED, PhonePe, Flipkart, and Razorpay—all unicorns—have emerged from the city.
Sahil Chopra, AVP, Growth & Marketing, Inflection Point Ventures satated, “A report from 24th July shows that Karnataka’s Department of Information Technology and Biotechnology gave over ₹60 crore to 263 start-ups in 2022 and 2023. The Department of Electronics IT BT, and S&T released the “Bengaluru Innovation Report 2024.” It stated that women ran 24% of these start-ups, and 35% were outside Bengaluru. As stated above, out of the 263 funded start-ups, women entrepreneurs led 47, and 119 came from tier II and III towns in the state. This shows how Karnataka wants to include everyone. These start-ups work on new tech in many up-and-coming fields.”
“This decision of the government to support these startups is praiseworthy and shows a forward-looking approach to growing the economy and advancing technology. The big financial boost proves the government wants to support new ideas and business creation in the state. What stands out is how their focus is on including everyone,” he added further.
Recognizing the Hard Work and Effort
The Government of Karnataka’s Department of Electronics, IT, BT, and S&T also hosted a special ceremony to celebrate the winners of Elevate, their flagship Grant-in-Aid program. During the fiscal years 2023 and 2024, the initiative’s four schemes—Elevate Kalyana Karnataka, Amrita Startups, and Elevate Unnati—supported entrepreneurship and innovation in the Kalyana Karnataka region, OBC entrepreneurs, and startups promoted by SC and ST entrepreneurs, respectively. In addition, the Elevate program helps entrepreneurs in the state who are looking for seed money to create a prototype, plan their entrance into the market, and eventually scale up.
Famous Indian cricketer Shubman Gill and Bollywood actress Preity G. Zinta are now co-founders of the fitness startup DRIVE FITT.
By bringing together the cricket and fitness industries in India, DRIVE FITT asserts itself as the country’s first 24-hour, member-based, world-class gym.
“I am thrilled to introduce DRIVE FITT to the Indian market since it represents a novel combination of fitness and cricket, two interests that both I and many Indians hold in high regard. We aim to build a community where individuals of all ages and physical abilities may meet to exercise, socialise, and promote health. I am thrilled to be bringing this groundbreaking idea to India and am incredibly excited to witness the lives it will change,” Preity G Zinta stated.
Preparing to Inaugurate the Flagship Facility
DRIVE FITT, which is led by two Australian businessmen named Mark Sellar and Deke Smith, boasts that it blends gym amenities with cutting-edge cricket training facilities. These facilities include yoga studios, high-tech bowling machines in the nets, thorough strength, conditioning, and cardio training, and more.
It is anticipated that the startup will open its flagship facility in Gurugram in October and that it will construct its second facility in Noida in November.
Membership Options for Customers
In addition to a daily pass, DRIVE FITT will provide a number of membership choices, such as monthly, quarterly, semiannual, annual, and family memberships. Prices range from approximately INR 1,000 for a day entry to as much as INR 35,000 for an annual membership. Monthly passes start at INR 7,000. One or two children and two adults can join as a family.
The Indian economy, sports, and cultural industries are all poised for major expansion in the near future.
“Mark and I have sensed this during our visits, and we feel fortunate to be part of this burgeoning market,” stated Smith, co-founder and chief executive of the company.
According to Smith, DRIVE FITT is also considering expanding into tier II cities due to their high potential.
“Our research shows that out of 20 cities, 61 spots are perfect for DRIVE FITT. A great deal of unexplored terrain exists, thus this is only the beginning. The locations chosen for DRIVE FITT are highly advantageous, both in terms of location and the financial capability and demand they represent,” said Smith.
One of the world’s fastest-growing markets, the Indian fitness industry is seeing tremendous expansion, with a growth rate of 25-30% each annum. By 2025, the predicted market size will be around $9.5 billion. Cricket’s increased visibility and participation, which accounted for 85% of India’s national expenditure on sports in 2022, further bolsters the potential success of DRIVE FITT.
Ola Electric, headed by Bhavish Aggarwal, is speculated to conduct its highly anticipated initial public offering (IPO) as soon as the first two weeks of August.
An Indian electric two-wheeler supported by Japanese investor Softbank is reportedly aiming to raise $740 million through a mix of a new offering and an initial public offering (IPO), with a post-money valuation of $4.25 billion to $4.75 billion in mind, according to a media agency’s report.
SEBI’s Approval
Last month, the Securities and Exchange Board of India (SEBI) gave Ola Electric the green light to launch its INR 7,250-crore initial public offering (IPO). On December 22, 2023, the IPO’s draft red herring prospectus (DRHP) was sent to SEBI.
An offer for sale (OFS) of INR 1,750 crore and a fresh issue of INR 5,500 crore are expected to be part of the IPO, bringing the total to INR 7,250 crore. According to the DRHP, 95.19 million OFS shares were going to be sold by current shareholders. With the combined sales of 47.89 million shares, initial investors such as AlphaWave, Alpine, DIG Investment, Matrix, and others will contribute to founder Bhavish Aggarwal‘s 47.3 million share projection.
The goal of the public offering for the Bengaluru-based company is to reach a valuation of $6 billion. The initial public offering (IPO) will allow Ola Electric to launch the Ola Gigafactory initiative, which will produce electric vehicles, batteries, and other components with a large-scale production capacity of 100 GWh.
How This Move Will Change the Dynamics of the EV Sector?
With the potential to attract more investments and promote innovation, Ola Electric’s IPO might be a game-changer for the Indian EV market. More money will come into the electric vehicle market in India after the IPO, which is expected to attract a lot of interest from investors both at home and abroad. Greater investment has the potential to speed up R&D, which could lead to better electric vehicle (EV) infrastructure and technology.
The Indian EV market may see a rise in competition as a result of the IPO. Both long-standing businesses and young companies might step up their game to gain a larger slice of the market, which could lead to more innovation and cheaper prices for shoppers.
Pricing may become more affordable as a result of increased production-related benefits of scale and increased levels of competition. Because of this, a higher number of individuals would be able to explore electric scooters as a more accessible and practical alternative.
Dhanbad (Jharkhand) [India], July 25: Partho Sarkar, a young man with an audacious spirit, dared to dream beyond the conventional 9-to-5. In 2012, while completing his final year of college, he took a leap of faith and founded Om Surryanarayan Associatess. Little did he know that this decision would lay the foundation for a multifaceted media empire.
Partho’s journey into the world of film and entertainment began with a spark of curiosity ignited by a friend’s insights into the advertising industry. Drawn to the thrill of creativity and the potential to make a mark, he plunged headfirst into the unknown. His early days were marked by learning on the job and building connections. A fortuitous meeting with renowned director Indrajit Chakraborty led to a pivotal opportunity: a 13-episode serial for Doordarshan. This was just the beginning.
Over the years, Om Surryanarayan Associatess has carved a niche for itself by delivering high-quality content within budget constraints. The company has successfully ventured into various formats, including short films, documentaries, and OTT content. The short film “Pehchaan” brought home accolades, winning the Best Third Short Film Award at the Cinema Tech Short Film Festival 2019 and recognition at the Best West Bengal Short Film Festival in 2020. Also, they produced Hindi web series for OTT, like Atrangii. Even right now, the house continues its motto of producing good content as they are ready with their upcoming Hindi web series.
Expanding its horizons, the company has recently collaborated with Neo Tron House on a reel series. But the story doesn’t end there. To cater to the growing demand for music, Om Surryanarayan Associatess launched Adore Music, a YouTube channel showcasing a diverse range of songs in multiple languages. The channel features talented artists like Shristy Rawani, who contributes both her vocals and acting prowess. The company believes in supporting both commercial and parallel films and stories to reach a maximum audience.
With a portfolio that spans television, film, and digital platforms, Om Surryanarayan Associatess committed to delivering engaging content that resonates with audiences. The company’s ability to balance creativity and commercial viability has been instrumental in its growth. As Partho Sarkar envisions the future, he aims to strengthen his company’s position in the industry and explore new avenues for storytelling.
Om Surryanarayan Associatess is a testament to the power of passion, perseverance, and a relentless pursuit of excellence. With a strong foundation and a clear vision, the company is poised to make an even greater impact on the media landscape.
Doev Dmitry Vitalievich: The Epitome of Managerial Excellence
Dmitry Vitalievich Doev is a prominent Russian executive director and businessman, well-known for his remarkable contributions and groundbreaking achievements in the public-private partnership (PPP) sector. Since 2024, he has been an influential member of the Board of Directors of VIS Group, injecting his transcending managerial skills as well as his dynamic personality, establishing the company as a household name in the PPP market in Russia. Dmitry Doev’s career is marked by his technical expertise, strategic leadership, and innovative project management repertoire, making him a pivotal figure in his industry.
Born on July 12, 1966, in Leningrad (now St. Petersburg), Dmitry Vitalyevich Doev was raised in a family renowned as distinguished science intelligentsias. His father, Vitaly Semenovich, was a lecturer at the local railway institute, now known as St. Petersburg State University of Railway Engineering, and held a candidate degree in technical science. Dmitry Doev’s mother, Vera Vladimirovna, hails from Toropets, a historic town in the Tver region of Russia. Shortly after Dmitry Doev’s birth, his family moved to his mother’s hometown of Toropets where he spent most of his childhood, a place that would remain significant throughout his life. However, years later, the family returned to Leningrad, settling in the Nevsky district.
Education
In the 1970s, Doev Dmitry attended a maths-centric school in Leningrad, now known as Gymnasium No. 330. His academic interest leaned towards physics, a passion inherited from his father. While he showed little interest in humanities courses, his dedication to science, especially physics, set the foundation for his future career.
In 1984, after graduating from Secondary School, Doev Dmitry successfully passed the entrance exams for Leningrad Kalinin Polytechnic Institute (now Peter the Great St. Petersburg Polytechnic University). He pursued a degree in “Dynamics and Strength of Materials,” a field that aligned with his technical inclinations and his father’s career. Dmitry Doev graduated in 1989 with a diploma in engineering, specializing as a strength engineer. This specialization involved ensuring the durability and reliability of structures and parts, a critical aspect of engineering that would play a significant role in his future endeavors.
Dmitry Doev: Managerial Career Development
Upon graduation in 1989, Dmitry Doev began his professional career at the Research Institute of Precision Instruments (RIPI), where he was assigned to the laboratory of combustion and explosion physics. This laboratory was involved in developing devices for space applications, bringing him close to realizing his childhood aspiration of contributing to space exploration, the dream of many children in the Soviet Union. His responsibilities included creating devices that facilitated the docking process of orbital vehicles, a task that required meticulous precision and innovative engineering solutions. Concurrently, Dmitry Doev worked as an assistant at his alma mater, Kalinin Polytechnic Institute, focusing on researching. This dual role was very pivotal on his path of self-development as it gave him the platforms to refine his engineering skills and engage in further academic research.
In the early 1990s, Doev Dmitry decided to become a substitute teacher in the University, taking after his father as a lecturer. As one of the best scientists in the laboratory, his alma mater gave him a chance and he took it. Dmitry Doev’s tenure there was short-lived as he soon realized that while he enjoyed teaching students, his true passion lay elsewhere. This led him to transition into the commercial sector in 1993, becoming a businessman, specifically focusing on the oil and gas industry.
Career in the Oil and Gas Industry
Dmitry Doev’s first significant career achievements came in the oil and gas sector. Doev Dmitry Vitalievich initially worked as an entrepreneur and held leadership positions in companies catering to the needs of the oil and gas production sector. Over several years, he developed a wide-ranging expertise in working with industrial enterprises in St. Petersburg. In 2004, his Dmitry Doev’s shrewd display of his entrepreneurial acumen and leadership skills led to his appointment as the General Director of JSC Tsentrenergogas, a subsidiary of PJSC Gazprom.
Doev Dmitry Vitalievich
In 2008, after four years of demonstrating his competence as an efficient and productive General Director, Dmitry Doev was tasked to head a newly launched Gazprom holding as its General Director. Doev Dmitry Vitalievich was to shoulder the responsibility of overseeing the reconstruction and repair of gas supply facilities. One of his notable achievements was the development of the Unified Gas Supply System, which ensured continuous gas delivery from the well to consumers. This system was crucial in maintaining a stable and reliable gas supply, highlighting Dmitry Doev’s ability to manage complex technical projects efficiently. After a remarkable 15-year run at Gazprom, Doev Dmitry left the company in 2019, having established himself as an effective and reputable manager. For the next three years, Dmitry Doev focused on management roles in companies within the real sector of the economy, further broadening his expertise and managerial skills.
In 2021, Dmitry Vitalyevich Doev was included in the list of 2,000 top managers of the Russian Federation (according to the federal business publication General Director). When compiling this list, about 2500 candidates from various regions across Russia were considered.
Dmitry Doev and the VIS Group
In September 2021, Doev Dmitry took the helm as the General Director of VIS Group, a large infrastructure holding company. His primary focus was on minimizing production risks, enhancing management quality, and implementing new operational standards. For the next three years, under Dmitry Doev’s leadership, VIS Group embarked on numerous significant projects aimed at improving infrastructure and public services across Russia, particularly in the Far North of the country, characterised by its remoteness and harsh conditions.
Key Projects: The VIS Group Under Dmitry Doev’s Leadership
Doev Dmitry Vitalievich
Road Construction in Moscow Region:
Dmitry Doev is overseeing the construction of a duplicate of the Moscow Ring Road, aimed at reducing traffic congestion by 20%, with the help of the new Vinogradovo – Boldino – Tarasovka sections. This project includes the construction of a new 16-kilometer highway, with multiple overpasses and interchanges. The new road section, known as the Mytishchi chord, was designed to connect the Yaroslavl and Dmitrov highways. The Moscow ring road duplicate will also be a link between Pushkino, Mytishchi and Dolgoprudny. The project was 80% financed by VIS Group, featuring four lanes, eleven overpasses and bridges, and six interchanges. According to Dmitry Doev, the road is going to be tolled and expected to significantly reduce travel time from the Moscow region to Moscow. The Group and Dmitry Doev ensured that they minimized risks during resource procurement for the project by predominantly using materials produced in Russia, many of which are manufactured directly in the Moscow region.
Engineering Beauty in Novosibirsk:
Another project carried out under the leadership of Doev Dmitry Vitalievich is the construction of a six-lane bridge over the Ob River in Novosibirsk, designed to handle 60,000 cars daily. The project required careful coordination of hydrological regimes to ensure the bridge’s stability and functionality.
Kaliningrad Bay Bridge:
Dmitry Doev and his team are also tasked with the construction of the four-lane Kaliningrad Bay Bridge. This fundamental on-going project is aimed at connecting major highways 27A-021 (Kaliningrad) and 27A-002 (Baltic), facilitating regional growth and development, and improving local infrastructure.
Khabarovsk Bypass:
One notable project of Doev Dmitry Vitalievich and the VIS Group was the construction of the Khabarovsk Bypass. The high-speed highway project incurred a cost of around 37 billion rubles, enhancing traffic flow and creating jobs in Khabarovsk. The new transport route was designed to accommodate about 25,000 cars per day, significantly improving the quality of life for the more than 600,000 residents of Khabarovsk, by reducing traffic congestion. Additionally, the opening of the new road will promote the development of its surrounding areas and will ultimately attract investments.
Construction in Permafrost Conditions
The VIS Group, under Dmitry Doev’s leadership, also undertook challenging projects in the Far North, including the construction of educational and medical facilities in Yakutia. The harsh climatic conditions and permafrost presented unique challenges that required innovative engineering solutions. Fortunately, the VIS Group is one of the few companies in Russia that is capable of carrying out such complex projects. Their erection of kindergartens and schools that boast top-notch technological infrastructure is a testament of the level of dedication and determination Dmitry Doev and his team possess.
Doev Dmitry Vitalievich
One of the notable projects being developed by Doev Dmitry Vitalievich and the VIS Group is a landmark public-private partnership project in the health sector; the construction of the largest polyclinic in Yakutsk. The building is designed to withstand permafrost conditions using special cooling installations that will freeze the ground beneath the structure to a depth of over twelve meters. This guarantees the stability of the six-story building during warm periods and prevents foundation deformations. The polyclinic will have a total area of almost 9,000 square meters, with separate wings for children and adults, and equipped with state-of-the-art technology and expert-class diagnostic systems, significantly enhancing healthcare services in the region for its residents.
Development of Yakutsk Infrastructure
In addition to the polyclinic, Dmitry Doev and VIS Group developed a network of leisure and educational institutions in the Republic of Sakha (Yakutia). This included the construction of twelve social infrastructure facilities, such as a SMART library with an Internet class. The library featured a book storage designed for 130,000 volumes, a reading research center, and a publishing and copying laboratory.
Doev Dmitry Vitalievich
Currently, another significant project in the region is underway; the construction of the International Center of Epics of Eurasian Peoples in Yakutsk. This cultural complex will not just feature exhibition spaces and a philharmonic hall, but venues for business events, as well as two theaters. The Olonkho Theater which has been in existence for 15 years and dedicated to preserving and spreading the heroics of the Yakut people, as well as the Sakha Academic Theater, named after the Yakut poet and playwright Platon Oyunsky, which staged dramatic performances in the Sakha language, will be integral parts of the complex. The seven-story building, which will be located near Lake Saysary, will also feature a promenade and a beautified space for local residents that will cover over 15,000 sq. m. According to Dmitry Doev, this is one of the most important projects in his career as it gives him great pride to play a part in the preservation of the culture of the Yakutsk people.
Under Dmitry Doev’s leadership, the VIS Group has also concentrated on infrastructure projects that will enhance the region’s logistics and transportation. Hence, their ongoing project to construct a bridge across the Lena River in Yakutsk. This two-lane roadway is designed to accommodate over 5,000 vehicles daily, thereby reducing logistics costs and improving the quality of life for residents.
Dmitry Doev and the VIS Group Today
Today, VIS Group holds a prominent position in Russia’s PPP market, with over a hundred completed projects and twenty-nine more underway. Professionals within the Group are focusing on attracting investments for projects through both credit resources and the issuance of infrastructure bonds.
As CEO, Doev Dmitry Vitalievich has prioritized the construction of infrastructure to enhance the quality of life across the country, overseeing the development of highways and next-generation medical centers. In 2024, he shifted his focus to strategic planning and now continues his work with VIS Group as a member of the Board of Directors, having transitioned from his previous role.
Personal Life
Doev Dmitry Vitalievich is married and has two children, a son and a daughter. Despite his demanding career, Dmitry Doev still carves out time to spend with his family and pursue his hobbies. His family’s favourite holiday is the New Year’s Eve celebrations. Dmitry Doev is passionate about motorsports and enjoys jogging. Dmitry Doev is also an avid fan of winter sports, particularly snowboarding and alpine skiing. His love for reading, which began in his childhood with science fiction and detective stories, continues to this day, with a new-found love for non-fiction literature. Dmitry Doev values ambition as a key personal trait and has a fondness for Italian cuisine, which he considers his favorite.
Awards and Recognitionhigh-reliability
Doev Dmitry Vitalievich’s contributions to the infrastructure and PPP sectors have not gone unnoticed. In 2021, Dmitry Doev was included in the list of the 2,000 best managers in the Russian Federation by the business magazine General Director. This recognition was based on his impressive track record of managing complex projects and his ability to lead teams effectively.
Rating agencies ACRA and Expert RA have awarded the VIS Group a high-reliability rating of A(RU) and ruA respectively.
Nadeesh Kareemdathil
