Following the release of the company’s second-quarter results, Chief Human Resources Officer Sudeep Kunnumal stated that Tata Consultancy Services (TCS) would increase variable compensation for senior personnel while maintaining its 100% quarterly incentives for younger people, according to the Press Trust of India. In addition to yearly pay increases, Kunnumal affirmed that workers in grades C, C1, and C2 will continue to receive their full Quarterly Variable Allowance (QVA).
According to him, the updated policy is to compensate senior executives according to their individual and unit success, with total rewards being more than those of the previous year. In essence, it covers everyone who has worked for the company and is eligible for the quarterly bonus, with the possible exception of recent hires, Kunnumal told PTI. The business has been paying 100% at the junior level and will keep doing so. TCS will pay seniors more, once more depending on their performance as individuals and as a team.
Why TCS Decided to Deploy this Move?
Kunnumal reaffirmed in an internal email quoted by the Economic Times that staff at C2 grade and higher would receive 100% of their QVA, while those at C3A grade and higher would receive variable rewards based on performance indicators. He wrote, “This segment’s overall QVA payout will be higher than it was last year.”
The adjustments are made as TCS, the biggest provider of IT services in India, is under investigation for personnel realignment and restructuring. In response to rumours of widespread layoffs, Kunnumal explained that although the company is restructuring positions as part of its push for artificial intelligence, the number of job losses would be closer to 12,000, or around 2% of its worldwide workforce, rather than the 50,000 to 80,000 estimates that some media sources had stated.
At a period of industry-wide change, TCS’s updated pay structure reflects its intention to strike a balance between stability for its younger employees and more robust performance-linked incentives for senior staff. According to analysts, TCS’s variable pay policies frequently serve as a model for larger developments in remuneration in the Indian IT industry.
TCS Layoffs is it On or a Speculation
TCS wants to lay off between 50,000 and 80,000 workers, according to media reports, although Kunnumal refuted the inflated figures. He explained that although TCS is reorganising and restructuring positions as part of its emphasis on artificial intelligence (AI), the actual number of job losses is significantly smaller—roughly 12,000 positions, or 2% of its worldwide workforce. Kunnumal emphasised that many rumours are not factually correct and that the corporation is not aiming for a specific number of layoffs.
Quick Shots
•TCS increases variable compensation for senior employees based
on performance.
•Employees in grades C, C1, and C2 continue receiving 100%
Quarterly Variable Allowance (QVA).
•Seniors at C3A grade and above get variable rewards tied to
individual and unit performance.
•TCS is reorganizing roles amid AI adoption, but layoffs are
limited to ~12,000 employees (2% of workforce).
As it prepares for significantly slower growth in fiscal 2026, Accenture is laying off employees, selling off assets, and restructuring some aspects of its company. This highlights the growing burden on the global IT industry despite ongoing investments in cloud and artificial intelligence.
CEO Julie Sweet stated on the company’s September 25 earnings call that the company is letting go of employees on a shortened schedule when retraining is not a practical option for the skills the company requires.
Although she did not reveal how many people were laid off, Accenture’s employment decreased by about 7,000 employees in the fourth quarter of FY25, bringing its total headcount down to about 770,000.
Accenture’s Business Optimisation Programme
The company has started a business optimisation programme that consists of two parts: the divestment of two acquisitions that are no longer in line with its strategic aims and a rapid “talent rotation” that covers severance costs associated with accelerated workforce reductions.
According to CFO Angie Park, Accenture anticipates charging roughly $250 million in Q1 FY26, or $865 million over six months, which will include both asset impairments and severance costs.
She went on to say that these steps will save money, which will be used to support the company’s workforce and operations. The layoffs coincide with slowing growth and declining customer demand. “While there are still areas with high demand for AI, overall growth in our major markets is slowing down,” Sweet stated.
Accenture’s Future Plans
In local currency, Accenture now forecasts FY26 revenue growth of only 2–5%, down from 7% the previous year. A 1–1.5% drag from its U.S. federal business, which has been impacted by disruptions under Elon Musk’s new Department of Government Efficiency (DOGE), which has restructured IT procurement, is not included in the projection.
Accenture stated that it will keep hiring and reskilling in priority areas in spite of the cuts and that staff growth in the US and Europe is still anticipated in FY26. Following the earnings release, investors’ reaction to the Nasdaq-listed company’s lowered growth estimate caused its shares to drop by roughly 2%.
Its layoffs reflect difficulties in the industry as a whole; India’s largest IT company, Tata Consultancy Services, has already let go of over 12,000 workers this year, citing a lack of skills and waning demand.
Quick
Shots
•Company to lay off employees, divest
non-core businesses, and book charges for restructuring.
•Workforce shrinks by 7,000 in Q4
FY25, bringing total headcount to around 770,000.
•Business optimisation plan includes
divesting two acquisitions and accelerating “talent rotation.”
•Accenture expects to book $250
million in Q1 FY26 and $865 million over six months for asset impairments and
severance.
•Revenue growth forecast slashed to
2–5% for FY26, down from 7% last year.
The largest IT services provider in India, Tata Consultancy Services (TCS), has stated that it is still dedicated to onboarding all experts who have been offered positions, despite several reports that experienced hires in various cities have been facing extended delays in their joining dates. TCS can confirm that, as usual, TCS is committed to honouring all offers we have made, whether they are to experienced professionals or freshmen, according to the company’s statement provided to People Matters.
What Led to the Onboarding Delays?
The company will onboard all of the people who have gotten an offer from TCS. The joining dates are chosen based on company need, and occasionally they are modified to accommodate our demands. In these situations, TCS stays in constant communication with each candidate and hopes they will soon join our team.
The clarification comes as professionals who claim to have resigned from their prior positions to join TCS, citing official offer letters and specific start dates, are becoming increasingly concerned. Many of these professionals were hired for lateral positions in Bengaluru, Hyderabad, Pune, Kolkata, Mumbai, and Delhi. Their experience ranged from two to eighteen years.
Candidates Share Frustrations Over Delayed Joining
Some applicants claim that because their names were not on the onboarding list, they were refused admission to TCS’s facilities on the day they were supposed to start working there. Others claim that after getting the first confirmation, the company’s HR personnel stopped communicating for a long time.
NITES Demands Government Intervention
The Nascent Information Technology Employees Senate (NITES) raised awareness of the problem and requested government action in a representation written to the Union Labour and Employment Ministry.
Hundreds of mid- to senior-level professionals have been impacted by the delays, the company claims, and many of them had already committed financially and personally based on their anticipated onboarding.
In order to promote the health of those impacted, NITES advised the ministry to ask TCS for a formal, time-bound onboarding strategy, provide reimbursement for the delay, and expand employee assistance programs.
TCS Clarifies: No Offers Have Been Withdrawn
Although TCS has not disclosed how many people are impacted, the company’s official stance underlines that no offers have been revoked. According to the organisation, it is common practice in the IT services industry to schedule onboarding according to business needs, particularly during times of fluctuating demand or client project modifications.
Large IT companies frequently use this kind of workforce planning flexibility, albeit entry-level employees usually bear the brunt of it. The recent developments are noteworthy due to the fact that they involve experienced lateral recruits, a significant number of whom left stable employment prior to the onboarding delay.
IT Sector Struggles with Global Demand Fluctuations
The incident occurs at a time when the Indian IT services sector is struggling with worldwide project delays, margin challenges, and irregular demand patterns. Many companies have paused hiring or adjusted their onboarding strategies, especially after hiring too many people during the 2021–2022 surge in demand for digital transformation.
Although employment offer letters may contain legally enforceable terms, most contain provisions that permit employers to postpone start dates in accordance with internal business needs, according to legal experts. However, trade organisations and impacted professionals contend that a lack of clarity on onboarding deadlines or extended silence can damage trust and cause significant personal pain.
In this exclusive interaction with StartupTalky, Ms. Payal Nambiar, Founder and Director of B-Square Solutions, shares her journey and insights into the IT industry. She explains how B-Square’s innovative solutions, like the Pothera ERP, are making a big impact in the tech world. Nambiar talks about how the company uses advanced technologies like AI and Blockchain, highlights key successes, and reflects on her experiences as a woman entrepreneur in tech. Her perspective offers a valuable look at what’s next for technology and leadership in today’s fast-paced IT world.
StartupTalky: Can you briefly describe B-Square’s core offerings and what sets them apart in the IT industry?
Ms. Nambiar: B-Square is a leading twenty-year-old software company that has established itself as a trusted partner for businesses across a wide range of industries. At the core of our offerings is a suite of innovative and cutting-edge IT solutions designed to streamline operations, enhance productivity, and drive digital transformation. Our product portfolio includes Pothera ERP, CRM, SCM, CMMS, Wogan Carwash Management Software, Clinic Management Software, and many more customised applications serving different verticals.
Our flagship product Pothera ERP is the productivity powerhouse. This cutting-edge solution streamlines workflows optimizes every aspect of the business, and unlocks unparalleled levels of productivity for manufacturing, and trading in a diverse range of industries. We utilize and integrate the latest technology, such as AI and cloud computing within our software, making it scalable and efficient. Moreover, our customer-centric approach, including seamless integration, quick implementation, and continuous support, ensures that our every solution is aligned with the client’s unique needs.
B-Square takes the time to deeply understand the unique challenges and requirements of each client, allowing them to develop tailored solutions that address their specific needs.
Our team of highly skilled and experienced professionals combines technical expertise with a deep understanding of industry best practices, ensuring that our clients receive the most effective and efficient solutions. Whether it is developing custom software, implementing enterprise-level systems, or providing managed IT services, B-Square consistently exceeds expectations and delivers tangible results.
StartupTalky: What inspired you to start B-Square, and how has your vision evolved over the years?
Ms. Nambiar: B-Square was founded in 2001 on the belief that technology should empower businesses, not complicate them. When we started out, our vision was to create intuitive, user-friendly software solutions that would help small and medium-sized enterprises streamline their operations and drive growth.
Over the years, our commitment to this vision has only grown stronger. We’ve witnessed firsthand how the right technology can transform a business, freeing up time and resources to focus on core objectives. That’s why we’ve dedicated ourselves to developing innovative products that address the real-world challenges faced by our clients.
As B-Square has evolved, so has our understanding of the needs of the modern business landscape. We’ve expanded our suite of offerings to encompass a wide range of solutions, from cloud-based accounting tools to powerful data analytics platforms. But at the heart of it all remains our unwavering focus on creating technology that makes a tangible difference in the lives of our customers.
Looking ahead, we’re excited to continue pushing the boundaries of what’s possible in the world of business software. With a talented team of developers, designers, and industry experts, we’re poised to deliver even more transformative solutions that will help our clients achieve their goals and unlock new levels of success.
StartupTalky: How does B-Square approach innovation in its products and services?
Ms. Nambiar: We embrace a proactive approach to innovation by continuously integrating the latest technologies, such as Artificial Intelligence, Blockchain, and Cloud Computing. Our software is designed to offer impeccable results with adaptability, scalability, and responsiveness in accordance with the current industry requirements and daily customer usage. We offer a unique and comprehensive User Interface that adapts to customer experiences making it more user-friendly. We provide customer services based on their feedback and respective needs.
Our approach to innovation is multifaceted and deeply rooted in our company culture. We foster an environment that encourages our talented team to think outside the box, challenge the status quo, and explore bold new ideas. We believe that innovation is not a one-time event, but a continuous process that requires a willingness to take calculated risks and learn from both successes and failures.
One of the key pillars of our innovation strategy is our commitment to staying at the forefront of technological advancements. We closely monitor industry trends and emerging technologies, and we invest heavily in research and development to ensure that our products and services remain cutting-edge and relevant. Our team of skilled engineers and developers is constantly experimenting with new tools, frameworks, and methodologies, always seeking ways to optimize our offerings and deliver even greater value to our customers.
But innovation at our company is not just about technology – it’s also about the way we approach problem-solving and the customer experience. We place a strong emphasis on user-centric design, gathering feedback from our customers and incorporating their insights into the development of our products. This collaborative approach allows us to create solutions that truly resonate with our target audience and address their pain points in innovative and impactful ways.
StartupTalky: What are some key features of the software solutions you offer, and how do they benefit businesses?
Ms. Nambiar: We have integrated our Pothera ERP software with some of the best-in-class technologies that offer comprehensive control over operations while enhancing efficiency, accuracy, and compliance. Our Quality Management System ensures high standards and Multi-currency Support to facilitate international transactions. We have integrated Automated E-Invoicing and QR code API to streamline financial processes and reduce manual errors. Synchronization across multiple plants and companies is a value-additional feature that would ease the coordination processes between various units seamlessly.
Some minute features like Sub Contracting and UDF are added to enable customization, while E-mail and WhatsApp integrations enhance communication. To enhance security, we have added powerful and granular authorization processes that provide secure access and our fully paperless system promotes sustainability. These features make Pothera ERP a versatile and robust solution for businesses.
Our software solutions are designed to revolutionize the way businesses operate. With a suite of powerful features, we empower our clients to streamline their workflows, boost productivity, and drive tangible results.
With our preconfigured enterprise application, one can rapidly deploy a powerful system that connects multiple plants and companies across geographies, seamlessly handling multi-currency transactions and supporting multiple companies with different charts of accounts.
One of the key benefits of our software is its fully paperless system with multi-level approvals, ensuring efficient and secure workflows. Our configurable notifications and alerts via email keep the users informed, while the ability to attach documents in various formats simplifies collaboration and record-keeping.
Customization is at the heart of our solutions, with user-defined fields that can be tailored to specific business requirements. Flexibility and scalability are also hallmarks of our offerings, allowing users to easily adapt to changing business scenarios and support the entire enterprise.
Integrated business intelligence tools provide clients with powerful insights, empowering them to make data-driven decisions that propel their business forward. Our cloud-based platform offers the convenience of any-time, anywhere access, while features like e-invoicing and a comprehensive dashboard keep entrepreneur in control of their operations.
But we don’t stop there. Our software also boasts robust data management capabilities, allowing users to centralize and contextualize their information for deeper insights. Intuitive dashboards and reporting tools provide real-time visibility into key performance indicators, empowering customers to make informed, data-driven decisions.
Underpinning it all is our commitment to security and compliance. We understand the importance of safeguarding sensitive data, which is why our solutions are built with the highest standards of encryption and access control in mind.
Ultimately, our solutions suite is more than just a tool – it’s a strategic partner that can help businesses thrive in today’s competitive landscape.
StartupTalky: What tools and technologies do you use to manage and enhance operations?
Ms. Nambiar: At B-Square we leverage advanced technologies, including cloud computing, AI, and Blockchain to enhance operations. With our Cloud-Based infrastructure, we offer scalability, data accessibility, and seamless integration. Our products are powered by AI to offer real-time analytics to optimize processes and enhance decision-making. We have enhanced security and trustworthiness in operations through Blockchain technology.
At B-Square, we leverage a powerful suite of advanced technologies to enhance and streamline our operations. Chief among these is our robust cloud-based infrastructure, which provides unparalleled scalability, data accessibility, and seamless integration across our entire ecosystem.
Underpinning our cloud platform is the transformative power of artificial intelligence. Our products and services are imbued with AI-driven capabilities that deliver real-time analytics, enabling us to optimize processes and empower data-driven decision-making like never before.
But we don’t stop there. To fortify the security and trustworthiness that are the bedrock of our operations, we have also integrated cutting-edge blockchain technology. This innovative solution safeguards the integrity of our data and transactions, giving our clients the confidence they need to focus on growth.
By harnessing the full potential of cloud computing, AI, and blockchain, B-Square is redefining the standards of operational excellence. This powerful trifecta of technologies empowers us to deliver unparalleled efficiency, agility, and peace of mind to our valued customers.
StartupTalky: How do you ensure the security and trustworthiness of your software solutions?
Ms. Nambiar: To secure user data we have prioritized the security by incorporating blockchain security which is said to offer a modernistic and highest level of security within any website or application. Our application offers a decentralized and immutable ledger system for data protection. We keep a regular check on the security infrastructure with encryption, regular vulnerability assessments, and access controls. We continuously monitor and ensure resilience against emerging cyber threats.
StartupTalky: What are your expectations for the IT industry in the coming years, and what latest trends do you think will shape its future?
Ms. Nambiar: The IT industry is on the cusp of a transformative era, driven by a confluence of exponential technologies. We anticipate a future where AI, machine learning, and automation will redefine business processes across sectors. The convergence of the physical and digital realms, often termed as the Internet of Things (IoT), will create unprecedented opportunities. Cybersecurity will remain paramount, as the digital landscape expands. Additionally, we foresee a surge in demand for data-driven insights and cloud-based solutions. These trends will reshape industries, create new business models, and demand a highly skilled workforce.
The coming years will be marked by rapid advancements in emerging technologies that will reshape the landscape.
We expect artificial intelligence and machine learning to take center stage, transforming how businesses operate and deliver value to customers. The integration of AI-powered solutions will become the norm, automating tasks, enhancing decision-making, and driving innovation across various sectors.
Furthermore, the proliferation of the Internet of Things (IoT) will continue to gain momentum, enabling seamless connectivity and data-driven insights. Businesses that harness the power of IoT will gain a competitive edge, optimizing operations and delivering personalized experiences.
Cybersecurity will also be a top priority, as the threat landscape evolves. Robust, multilayered security measures will be crucial to protect against sophisticated cyber attacks and safeguard sensitive data.
We are also witnessing the rise of cloud computing and the increasing adoption of hybrid and multi-cloud strategies. Businesses will leverage the scalability, flexibility, and cost-effectiveness of cloud infrastructure to drive digital transformation.
As a software company, we are poised to lead the charge in these emerging trends, providing innovative solutions that empower our clients to thrive in the dynamic IT landscape of the future.
StartupTalky: Can you share some key milestones or successes that B-Square has achieved since its inception?
Ms. Nambiar: B-Square has been at the forefront of technological innovation since its inception. We take immense pride in our journey of delivering cutting-edge solutions. Some of our key milestones include the implementation of our Pothera ERP Solution to Tirupathi Enterprises. Recently B-Square expanded its geographical footprint into Africa where B-Square’s Pothera ERP was chosen as the preferred ERP Solutions Provider for Surya Group, a large conglomerate with diverse business interests.
These achievements are a testament to our team’s dedication and our commitment to staying ahead of the curve.
StartupTalky: How do you and your team stay ahead of technology trends and incorporate new advancements into your solutions?
Ms. Nambiar: Innovation is at the core of B-Square’s DNA. We foster a culture of curiosity and experimentation. Our team comprises a diverse group of experts who continuously research and analyze the latest technological advancements. We believe in a collaborative approach, engaging with industry leaders, attending conferences, and participating in hackathons to stay updated. This knowledge is then infused into our product development process, ensuring that our solutions are always aligned with the evolving market needs.
StartupTalky: What motivates you to lead as a women entrepreneur in tech, and what challenges have you overcome in this role?
Ms. Nambiar: Leading a tech company as a woman is both challenging and rewarding. I am driven by the desire to inspire and empower other women in STEM. Breaking down stereotypes and creating opportunities for women in leadership is a personal mission. While the journey has had its challenges, such as overcoming gender biases and balancing work-life commitments, I believe in the power of resilience and perseverance. I have learned to leverage my unique perspective to build a strong and inclusive team.
StartupTalky: How do you envision the future of B-Square and its role in the IT industry in the next 5 years?
Ms. Nambiar: B-Square has a bold vision for the future. We aim to be a leading provider of innovative technology solutions that transform businesses and society. In the next five years, we see ourselves as a key player in driving digital transformation. We will continue to invest in research and development, expand our product portfolio, and strengthen our global footprint. Our focus will be on leveraging emerging technologies to create sustainable and scalable solutions that address the evolving needs of our clients.
StartupTalky: What advice would you give to aspiring entrepreneurs looking to start their own tech company?
Ms. Nambiar: For aspiring entrepreneurs, I would emphasize the importance of passion, perseverance, and a strong vision. The tech industry is highly competitive, but with the right mindset, anything is achievable. Building a solid team, understanding your target market, and focusing on delivering value is crucial. Never be afraid to fail; failures often lead to valuable lessons. Continuous learning and adaptation are key to success.
StartupTalky presents Recap’23, a series of in-depth interviews where we engage with founders and industry leaders to explore their growth in 2023 and their predictions for the future.
The IT industry focuses on developing, implementing, and maintaining computer systems and software. It is essential for efficient data management, communication, and automation in modern businesses. Key areas include software development, hardware manufacturing, cybersecurity, cloud computing, and IT services. Rapid technological advancements mark the industry and play a crucial role in global digital transformation.
In 2023, the global IT market reached $8852.41 billion, growing at a CAGR of 8.2% from 2022. The IT and BPM industries generated a combined revenue of $245 billion. India’s IT sector will contribute 10% to its GDP by 2025. In 2023, the domestic revenue of the Indian IT industry amounted to $51 billion, with export revenue reaching $194 billion.
In a recent Recap’23 interview, we at StartupTalky had the privilege of connecting with Padmakumar Nair, Co-founder and CEO of Ennoventure. We conducted an in-depth analysis of Ennoventure, delving into its evolution, challenges, key learnings, and upcoming strategies. Our examination revealed how Ennoventure is spearheading innovation to transform the IT industry.
StartupTalky: What service does Ennoventure provide? What was the motivation/vision with which you started?
Padmakumar Nair: Ennoventure Inc. stands as a technology-driven leader specializing in covert brand protection solutions within multiple industries, including FMCG, automotive spare parts, and agrochemicals. Addressing the pervasive challenges of product counterfeiting across these sectors, Ennoventure offers a non-disruptive solution for verifying product authenticity without necessitating alterations to current package designs or printing procedures. Leveraging AI and cryptography, our anti-counterfeit technology provides seamless authentication through smartphones by embedding an imperceptible cryptographic signature onto the package.
Looking ahead, our long-term vision revolves around combating the escalating challenges presented by counterfeiting across diverse industries. The rapid surge in digitalization, amplified online consumer shopping behavior, and subsequent payment habits have exacerbated the risks associated with counterfeit products in the market. While this digital shift has brought convenience to consumers, it has also heightened the prevalence of counterfeit goods in sectors like pharmaceuticals, FMCG, and automotive, particularly in regions such as India.
Ennoventure recognized a critical gap in safeguarding product authenticity and intellectual property across sectors, prompting the development of patented solutions to address these vulnerabilities. Our mission remains rooted in offering robust protection against counterfeiting attempts, ensuring the integrity and legitimacy of products in an evolving market landscape.
Ennoventure Inc. sprouted from a pivotal moment when Padmakumar, inspired by the alarming impact of malaria in Africa, envisioned a solution to combat counterfeiting. In 2017, while Shalini Nair managed her own business, Padmakumar approached her to initiate the establishment of Ennoventure. By August 2018, Shalini had submitted two US patent applications, both securing approval—one in November 2018 and the other in February 2019.
Founded in 2018, Ennoventure aimed to be an innovative force crafting digital solutions for everyday challenges. Their primary focus centered on fortifying packaging and designs for seamless verification throughout the supply chain.
Understanding the landscape intricacies, the founders engaged extensively with key stakeholders—from printers to heads of packaging, counterfeiting, and security divisions within major brands. Acknowledging the significance of no process alteration and the typical hurdles in technology implementation, they conducted a prototyping exercise in collaboration with a prominent pharmaceutical company.
StartupTalky: What new services have been added in the past year? What is/are the USP/s of Ennoventure?
Padmakumar Nair: Ennoventure has recently unveiled an advanced anti-counterfeit solution that promises to elevate brand protection efforts significantly. This new solution is designed to tackle the growing complexities of counterfeiting by integrating cutting-edge technology. By leveraging state-of-the-art advancements, Ennoventure’s solution offers a comprehensive approach to fortifying brand integrity.
This offering marks a pivotal moment in the fight against counterfeit products, providing brands with a powerful tool to safeguard their reputation and consumers’ trust. The technology’s sophistication aims to create robust barriers against fraudulent activities, thereby enhancing legal strategies for brand protection. Ennoventure’s commitment to innovation reflects its dedication to addressing the evolving challenges of counterfeiting in the market, reinforcing its position as a leader in brand protection solutions.
This technology’s key features include:
Proof of Location: Utilizes geolocation and timestamped photos to track counterfeit products, aiding in assessing their circulation duration for legal purposes.
Cost-Effective Solution: Minimizes litigation expenses by providing indisputable evidence, empowering brands to pursue legal actions confidently for favorable outcomes.
Timely Evidence: Timestamps on captured evidence are crucial in cases involving unauthorized production, especially by former partners, aiding in legal considerations.
Comprehensive Evidence: Combines photographic evidence with geographically based and time-stamped data, offering substantial proof for multiple cases without requiring on-site investments.
StartupTalky: How has the IT industry changed in recent years, and how has Ennoventure adapted to these changes?
Padmakumar Nair: In response to the evolving landscape of consumer behavior, legislative frameworks, and technological advancements, Ennoventure has actively embraced these changes within the anti-counterfeiting and brand protection domains.
Technological Advancement – Amid rapid technological advancements, the fight against counterfeiting and the need for brand protection has expanded, presenting both new opportunities and challenges. The industry has become increasingly intricate and interconnected due to advancements in artificial intelligence and the proliferation of e-commerce platforms.
Ennoventure’s Approach: To integrate cutting-edge technologies into our solutions, significant investments have been made in research and development. This enhancement enables us to more effectively detect and prevent counterfeit activities across the market.
Elevated Emphasis on Brand Image – In the face of discerning consumers, safeguarding brand reputation has gained significant prominence. The detrimental impact of counterfeiting on brand image has far-reaching consequences.
Ennoventure’s Approach: Beyond merely detecting and halting counterfeits, our services encompass comprehensive brand protection strategies. Collaborating closely with clients, we tailor solutions to enhance brand integrity and fortify defenses against potential reputational damage.
StartupTalky: How do you stay up-to-date on the latest trends and developments in the IT industry?
Padmakumar Nair: We employ a multifaceted approach to remain abreast of the latest trends and developments in our industry. Our strategy encompasses various sources and mediums, including:
Blogs and Articles: We regularly follow industry-specific blogs and articles from reputable sources, leveraging diverse perspectives and insights shared by experts and thought leaders.
Research Papers: Engaging with academic and industry research papers allows us to delve deeper into specific topics, accessing in-depth analyses and findings relevant to our field.
Market Study Reports: We meticulously study market reports and analyses, gaining valuable market intelligence, understanding emerging trends, and foreseeing potential shifts in the industry landscape.
Podcasts: We listen to industry-focused podcasts featuring discussions with experts and pioneers, offering nuanced insights and real-time discussions on relevant topics.
By actively engaging with these diverse information channels, we ensure a holistic approach to staying informed about the latest advancements, emerging trends, and evolving dynamics within our industry. This comprehensive approach enables us to adapt, innovate, and make informed strategic decisions to remain at the forefront of our field.
StartupTalky: What key metrics do you track to check Ennoventure’s growth and performance?
Padmakumar Nair: We closely monitor several key metrics to gauge and assess our company’s growth and performance. These metrics include:
Growth Rate: This helps us measure the speed at which our company is expanding, providing insights into our market traction and overall progress.
Net Dollar Retention: This metric aids in understanding the ability to retain and expand revenue from existing customers, reflecting customer satisfaction and upselling potential.
Customer Lifetime Value (CLV): CLV is vital in determining the long-term value a customer brings to our business, guiding our strategies for customer acquisition and retention.
R&D Spend as a Percentage of Revenue: Tracking this ratio informs us about the commitment and investment in innovation, which is crucial for staying competitive and driving future growth.
Sales and Marketing Spend as a Percentage of Revenue: This metric provides insight into the efficiency of our sales and marketing efforts, ensuring optimal allocation of resources.
Payback Period: We monitor this metric to evaluate the time it takes to recoup the cost of customer acquisition, guiding our financial planning and investment decisions.
Collectively, these metrics offer a comprehensive overview of our company’s growth trajectory, financial health, customer-centric focus, and future prospects, guiding our strategic decisions and ensuring sustained progress.
StartupTalky: What were the most significant challenges Ennoventure faced in the past year, and how did you overcome them?
Padmakumar Nair: Over the past year, our company encountered two significant challenges that required strategic planning and adaptability to ensure continued success. The first major obstacle was optimizing productivity and maintaining the highest output possible during the widespread shift to remote working. The second challenge involved navigating the complexities of fundraising in the current economic climate.
The transition to remote work posed several hurdles, including the need to establish effective communication channels, maintain team cohesion, and address potential disruptions to workflow. To overcome these challenges, we implemented robust communication tools, such as video conferencing platforms and collaboration software, to facilitate seamless interactions among team members. Additionally, we introduced regular virtual meetings to ensure that everyone remained aligned with the company’s goals and objectives. By fostering a culture of transparency and open communication, we were able to mitigate the impact of remote work on productivity and maintain a strong sense of team unity.
The second challenge involved fundraising in a climate marked by economic uncertainties. To overcome this hurdle, we undertook a comprehensive analysis of our financial position and adjusted our fundraising strategy accordingly. This involved refining our pitch to highlight the resilience and adaptability of our business model in response to the changing landscape. We also engaged in proactive communication with existing investors, keeping them informed about our strategies for navigating the challenges and showcasing our company’s value proposition. Furthermore, we explored alternative funding sources and strategic partnerships to diversify our financial support.
StartupTalky: Good service is something everyone is talking about in the service industry. How do you ensure that your clients are happy?
Padmakumar Nair: Our paramount goal is to instill in our customers the unwavering confidence that they are never alone in their journey. Our dedicated customer success and account management team diligently works to provide a robust support system, ensuring that our customers feel backed and supported at every step. We prioritize their peace of mind by fostering a relationship built on trust and reliability, where they can rely on us as a dependable partner, ever-ready, to assist them in navigating challenges and achieving their objectives.
StartupTalky: What are the different strategies you use for marketing? Tell us about any growth hack that you pulled off.
Padmakumar Nair: We leverage a wide array of marketing strategies, including LinkedIn ads, webinars, speakership opportunities, event participation, etc., with the purpose of increasing our brand awareness and amplifying our outreach to garner attention towards our unique, patented covert brand protection solutions. One notable achievement in our growth strategy has been the success of our ads based on real-life case studies. These ads have not only increased our visibility but have also proven effective in generating more leads.
StartupTalky: Foreign clients- this is what most of the service-based companies are looking for. What has been your experience?
Padmakumar Nair: Our company, headquartered in Massachusetts, USA, operates within the realm of Software as a Service (SaaS), catering to a diverse clientele across various sectors globally. Our international client base spans industries such as automotive, agrochemicals, and fast-moving consumer goods (FMCG).
As a SaaS-based product company, our focus revolves around developing and delivering innovative solutions tailored to the unique needs of our clients within these sectors. Our technology enables us to provide scalable, efficient, and customizable brand protection solutions.
The diverse nature of our clientele across different industries has allowed us to gain valuable insights into various market dynamics, challenges, and opportunities. This breadth of experience empowers us to adapt our products to meet the distinct requirements of each sector, ensuring we deliver tangible value and impactful solutions to our global client base.
Our commitment to innovation, coupled with our SaaS expertise, allows us to remain at the forefront of technological advancements while continuously striving to exceed the evolving expectations of our international clientele.
StartupTalky: What are the important tools and software you use to run Ennoventure smoothly?
Padmakumar Nair: The entire ERP module of Zoho, that is, Zoho One, which we use extensively for all functions like marketing, sales, and HR. On the engineering side, we use Jira and Atlassian products.
StartupTalky: What opportunities do you see for future growth in the IT industry in India and the world? What kind of difference in market behavior have you seen between India and the world?
Padmakumar Nair: As businesses increasingly transition from traditional brick-and-mortar stores to online platforms, the risk of counterfeiting has surged. This shift presents an opportunity as more brands seek robust anti-counterfeit solutions. The advent of generative AI has exacerbated the ease of copying and producing fakes, necessitating advanced technologies to combat counterfeiting. Additionally, with the global market becoming more unified, there’s a convergence in market behavior between India and the rest of the world. The location of manufacturing and shipping has become inconsequential in this interconnected market landscape.
StartupTalky: What lessons did your team learn in the past year, and how will these inform your future plans and strategies?
Padmakumar Nair: Success isn’t merely about rapid expansion or lavish spending; it’s about achieving growth with capital efficiency. Numerous companies have faced bankruptcy due to cash depletion. The lesson learned from the past year emphasizes the importance of being capital-efficient: making decisions based solely on necessities and eliminating non-essential expenses.
StartupTalky: How do you plan to expand the customers, service offerings, and team base in the future?
Padmakumar Nair: We have shifted our primary focus towards the US and European markets, actively targeting not only large enterprises but also small and medium-sized companies. Our strategic pivot involves a more inclusive approach, now catering extensively to SMEs as well. The core driver of our team’s expansion is aligned with customer growth, emphasizing a customer-centric approach to fuel our growth trajectory.
StartupTalky: One tip that you would like to share with another service company founder?
Padmakumar Nair: An untapped opportunity exists within the anti-counterfeit sector that holds immense potential for transformative technologies to combat counterfeit products effectively. Rather than adopting a ‘wait-and-see’ approach, many companies across industries can proactively tackle counterfeiting while safeguarding brand reputation and authenticity.
Globally, the anti-counterfeit solutions market is projected to reach significant heights by 2025, estimated at $120 billion. Recognizing and integrating these technologies across sectors will fuel demand for innovative solution providers, presenting a substantial opportunity for entrepreneurs to contribute to addressing this global challenge.
The approach we’ve undertaken aims to empower consumers through cutting-edge technology. Our solution not only prevents counterfeiting but also grants consumers easy access to comprehensive product information. By providing details such as product composition, potential side effects, and usage instructions, we ensure consumers have vital information readily available.
The key lies in understanding the potential of leveraging advanced technologies to combat counterfeiting while prioritizing consumer empowerment and information accessibility.
StartupTalky extends its gratitude to Mr. Padmakumar Nair for dedicating his valuable time and generously sharing his insights with all of us.
The information technology market is among the fastest-growing segments of the economy, with endless possibilities for professional advancement. The industry provides immediate jobs, options in all sectors, various professions, and large pay, and it is simple to join this market without a bachelor’s degree.
A career in IT means helping folks, fixing issues, and trying new things daily. It’s a versatile field that benefits both generalists and specialists. Furthermore, it is a broad industry with good entry-level pay. So, if you want to build your career in the IT industry check out these steps.
If you want to make a career in IT, you should understand what that entails or what sorts of jobs are available. Exploring to familiarise oneself in the IT domain is a smart approach. There are numerous Youtubers, webcasts, discussion portals, and articles devoted to teaching you about IT jobs and which IT jobs are a better match for you.
Make a list of roles that amaze you. Do you want to support a firm’s computer systems operating smoothly, or do you want to create websites? What types of firms pique your interest? What roles do you think you’d be interested in?
This will assist you in narrowing down your job hunt. It will also familiarise you with a few of the terminology you will find throughout the phase. If you’re unsure where to begin, check out popular entry-level IT roles or research IT professions.
Do you believe that IT roles are just available in large cities?
That isn’t entirely accurate. While big American tech giants and innovators are centered in urban parts of the nation, IT professionals can work for practically any entity that utilizes a pc. IT employees may be needed at your bank, college, or local hospital. Furthermore, there is proof that localities are developing into unique startup centers. Startup financing has increased in cities such as Boulder, & Ann Arbor recently.
Remember that roles in big towns may also be open for working remotely.
2. Improve Your Pertinent It Skills
Managers’ preferences for skillsets in IT employees can differ by role. Examine multiple job postings that allure you to view what skillsets you should hone.
Here are some skills that you’d see in an IT JD.
System software: Knowledge of the Linux, and MS OS can place you in a decent role with a range of products & widen the firm for which you are eligible.
Safety: A basic insight into digital technology safety can help you in your career as an IT expert. Encryption is an example of such a notion.
Channels: Understanding the fundamentals of connectivity issues such as internet connectivity and Internet protocol services may prove to be helpful in one’s job hunt.
Interaction: Interacting with those around will almost certainly be an important task in IT. IT experts are frequently required to aid other internal stakeholders with operational glitches or to help teams to launch big initiatives. Enhancing your soft skills could be extremely beneficial to your career.
3. Obtain Certification
Cert is an excellent method to access a cert while also learning basic IT topics. If you’re entering the industry, you can discover a broad range of fundamental IT definitions by obtaining a particular entry-level credential.
Accreditations in specific fields of IT, such as cybersecurity or systems, are available. It can be useful if you’re looking to get into a particular IT sector.
Obtaining a credential necessitates passing a test. Courses for certifications can be found on Google or in-person at spots like state universities.
Remember that certificates can charge big bucks. However, if you are optimistic in your plans to attend the IT field and need to gain skills and qualifications, it may be a good purchase. If you’re hired and believe that an IT credential would help both you & the firm, you can ask your boss if they could cover the test fees.
Employment of the IT-BPM industry in India
4. Boost Your Expertise
If you’re searching for a career as a computer technician or an administrator, a skillset in your domain is probably to be among your most valued assets. You can attain expertise in several ways.
Courses: Curriculum, whether digital or in-person, frequently necessitates the completion of practically oriented projects. Some of them might even help you prep for certifications. You might also be able to locate beginner’s IT classes at your university or virtual.
Individual initiatives: If you perform well without a lot of frameworks, you can experiment with learning through side projects. Developing your apps, designing a webpage for a buddy, or toying with a network system can all put your knowledge to the test & offer you stuff to brag about in interviews.
Summer jobs: Traineeships may not necessitate expertise & can be an excellent way to put your abilities to use in a workplace.
Freelance work: Web designers, for example, can work as contract workers. While searching for a good career, freelance work can be a nice way to end personal projects.
Volunteer work: Many non-profits require assistance. Delivering your expertise can assist you in completing hands-on initiatives which you can use to support a resume.
Schooling: While a bachelor’s isn’t required for several IT roles, you can obtain the necessary in-depth knowledge in a similar field such as comp sci. If you’ve got the energy and time to devote to a bachelor’s or diploma, it’s a viable option.
5. Build Connections
Socializing can help you learn about a specific job role, expose you to possibilities you might not have known about, or get a leg up in the interview process. Old workmates, pals, relatives, former school alumni, and folks you connect with on career platforms like Linkedin can be part of your network.
Keep in mind that effective connections do not always result in a better job. You can also use networking to discover what is it to operate in IT or get help with your job hunt.
6. Find Entry-Level Jobs
A small bit of relevant work expertise in almost any domain is required for an entry role. However, despite the diversity of tasks you can carry on with an IT employee, an entry-level role may have a multitude of labels. Here are some entry-level designations to glance at in your new career:
Game Developer
IT coordinator
Customer Care expert
System expert
Database administrator
7. Improve Your Communication Skills
You will probably be asked both behavioural and technological questions during the recruitment process for a role in IT.
Practice your solutions to various IT interview topics to help you prep for a session. Read the JD to get an idea about what you’ll need to learn. Prepare some tales about your prior events, such as back when things ran smoothly and occasions when they didn’t—and what you’ve done about that.
Conclusion
IT has permeated and profited all industries. IT experts are sought after for their skill and knowledge in designing, supporting, and maintaining computer systems for a wide range of industrial and personal uses.
There are numerous prospects for advancement in IT, no problem where you begin or in what capabilities you begin. It offers amazing opportunities for career growth and advancement.
If you desire to seize opportunities for advancement that professions in IT provide, you must devote yourself to broadening your understanding, achieving your career aspirations, and devoting yourself to your organization’s growth. When it comes to IT jobs, the more manoeuvrable you seem to be, the more useful you’re to your boss.
So, if you’re considering a new journey or a fresh start and thinking about what would be a pretty good gig, the IT sector could be at the forefront.
FAQs
How can I make my career in the IT industry successful?
Work on your communication skills, gain practical knowledge, build an amazing resume, and research the company you want to join.
How do I get into the IT industry with no experience?
Getting a certification, Networking with the right people, Improving your skills, and looking for entry-level jobs are some of the ways you can get IT industry with no experience.
Is the IT industry a good career?
Yes, the IT industry is an industry where you can easily get into and build a successful career. The industry is full of opportunities.
Wipro Limited is an Indian multinational corporation that is headquartered in Bengaluru, Karnataka. It is known for Wipro products and services list which includes IT services, BPO services, IT consulting, testing, research and development in the software and hardware areas of companies around the world.
Wipro Group is a global leader when it comes to cognitive computing, robotics, hyper-automation, cloud, analytics and emerging technologies. The Wipro group of companies list is recognized globally for its portfolio of services, sustainability and corporate citizenship. The chairman of the company is Azim Premji who is the second wealthiest person in India and the person credited for the success of Wipro.
The Wipro subsidiary companies are well one of the top IT service providing companies different types of Wipro products such as enterprise application services like ERP, SCM, CRM to services like E-procurement, E-Business solutions. The Wipro subsidiaries are divided into four different parts which are Wipro Limited, Wipro Consumer Care and Lighting, Wipro Infrastructure Engineering And Wipro GE Medical Systems Limited.
The Wipro group companies offer services and products of Wipro to various industries like Finance, Telecom, Media, Utilities, Energy and Entertainment. Not only that, but Wipro company is also one of the largest R&D services in the world. The company has over 180,000 employees from various countries across six continents. Wipro also offers Consulting services and helps companies in Business Process Outsourcing which help in HR, Procurement, Finance and Accounting.
The Wipro sub-companies also provide technology infrastructure services in terms of revenue, people and to over 200 customers in the US, Japan and Europe and 650 customers in India. The total revenue of Wipro as of 2021 is over $10 billion while its net income for 2021 is $1.4 billion. Wipro Industries is known to be the largest public-traded company in India and the seventh-largest IT Services Company in the world.
Wipro originally known as the Western India Palm Refined Oil Limited (abbreviated to Wipro) started in December 1945 by its founder Mohamed Premji. The initial products of Wipro were different types of oil, as it started out as a manufacturer of vegetable and other refined oil known as Kisan, sunflower and camel in Maharashtra.
In 1966, Azim Premji took over as the company’s chairman after his father’s death. The name of the company was changed from Western Indian products limited to Wipro products in 1977. That name was further replaced by Wipro limited in 1982, this was because in the same ear the company also entered the IT industry.
Azim Premji is responsible for transforming Wipro into a Wipro Fluid company and also introducing Wipro Fluid Power that manufactures hydraulic and pneumatic cylinders. In 1979 Wipro became India’s first computer manufacturer as the company developed and sold its computers in 1981. With its success, the company forayed into the field of software development and is credited for introducing software packages for hardware customers.
Facts on Wipro
In the 1990s, the company got started its range of baby toiletries like Wipro baby soft and also the Santoor talcum powder which became a staple in Indian homes which was among the first Wipro subsidiaries. Wipro Infotech and Wipro system got merged with Wipro in 1995 and they became Wipro subsidiary companies. The company expanded internationally in the 1990s and even got listed on New York Stock Exchange in 2000. It was in 2002 that Wipro became the first Indian software tech and services company to get the ISO 14001 certified.
The Wipro subsidiaries list kept growing as it ventured into manufacturing fluorescent lamps making the Wipro Consumer Care and Light Group enter the market. Wipro joined the billion-dollar club in 2004 and also partnered with Intel on a project called i-Shiksha. It wasn’t until 2012 that the company decided todemerge its consumer care, lighting, furniture, infrastructure engineering into a separate company known as the Wipro Enterprise Limited. The company further made many clever and strategic acquisitions and signed contracts with many international firms.
Wipro has so far made over 19 acquisitions and 8 investments. All the Wipro acquisitions so far are estimated to beover $2.49 billion. The company has invested in many industries like SaaS, Search AF test, standard, manufacturing tech. Some of the top companies in the Wipro acquisitions list are Infocrossing acquired for $600 million in August 2007. One of the other top Wipro acquisitions was Appirio acquired for $500 million in October 2016 and HealthPlan Services acquired for $460 million in February 2016.
Some of the other recent Wipro acquired companies are Rational Interactions a settle based digital customer experiences consultancy which the company acquired in February 2020. Wipro recent acquisition was in October 2020, when Wipro acquired Encore Theme Technologies, that same month it also acquired Eximius Design for $80 million. The last Wipro acquisition was in March 2021 was Capco a British consultancy firm.
Topcoder became one of the Wipro subsidiaries when the company was acquired by Wipro in 2016 along with Appirio which were a part of their $500 million deal. Topcoder is a crowdsourcing company that has a huge global community of data scientists, developers, programmers and designers. How Topcoder works is that it pays the members of its community for offering its services to corporate, mid-size or even small business clients.
The company is also known for its yearly Topcoder Open tournament and other small regional events. This subsidiary of Wiprowas founded by Jack Hughes in the year of 2001, the company first started with Competitive programming challenges which helped generate interest among the student community. The company became one of the Wipro sister companies when it started offering various software development services and similar products of Wipro to 3rd party clients.
In order to generate more income, the company started new competition tracks that gave more work to its employees. After being acquired by Wipro the company has continued to offer its clients many hybrid crowd platforms and help create certified and private crowdsourcing communities. Wipro then integrated its employee’s only crowdsourcing platform TopGear with Topcoder.
The various services offered by the Topcoder design community are Information Architecture which helps the clients with wireframing and generating ideas. It also helps with the UI/U/CX design which involves the creation of apps and web designs and coming up with design concepts, ideas and presentation design all of which are said to be top Wipro company products. The software development challenges that topcoder offers are bug bash, code, first to finish, etc.
Appirio
Wipro Subsidiary- Appirio logo
Appirio is one of the best Wipro acquisitions, as it was acquired in 2016 as a part of their $500 million deal along with Topcoder. The company was founded by Chris Barbin, Narinder Singh, Glenn Weinstein and Mike O Brien. Appirio is currently one of the topWipro sub-companies as offers information technology consulting services and has its headquarters based in Indianapolis in the USA. It company is known for its tech and professional services that its offers only to the clients that want to adopt public cloud applications.
They also offer SaaS services like Salesforce and Google apps which are the top products of Wipro. The main competitors of Appirio’s are Accenture and Deloitte. The company was founded by Salesforce and angel investors ($1.1 million), Sequoia Capital ($5.6 million), Sequoia Capital and GGV capital ($10 million) and General Atlantic ($60 million).
The company is a leader among Wipro group of companies and was awarded many titles such as On-Demand Company Of The Year by AlwaysOn, Best Place To Work In Bay Area by San Francisco Business Times in 2010. This is one of the few Wipro listed companies that have many other satellite offices in cities like Tokyo, London, Dublin, Sydney, Espoo, Stockholm, Porto, Pune, Bangalore, Noida, Hyderabad and Jaipur. The company is known to utilize public cloud solutions as it is a serverless company.
Opus Capital Markets Consultants
Wipro Subsidiary- Opus Capital logo
Opus is one of the top companies in the financial services industry which is why it became one of the top Wipro subsidiary companies. The headquarters are based in Lincolnshire in Illinois, the US and have over 500 employees. The company was founded in 2005 that became a wholly-owned subsidiary of Wipro in 2013. Opus offers various services like Residential mortgage, commercial mortgage, Compliances services, servicing reviews and advisory services which extends the Wipro company products list.
The company is among the few Wipro subsidiaries that specialize in risk management providers for mortgage and consumer lenders, services and investors. The company is focused on delivering a wide range of services like due diligence, quality control, servicing oversight and operational assessment.
Yardley of London is a British personal care brand that was acquired by Wipro in 2009 and is one of the unique Wipro subsidiaries. The company is known to be one of the oldest and specializes in cosmetics, fragrances and toiletry products. Yardley is also one of the biggest manufacturers of soap and perfumes, which increases the Wipro FMCG products. Yardley is known to have received two Royal Warrants.
The company was originally established by the cleaver family in 1770. The name of the company was changed to Yardley and Statham in 1823 after William Statham brought the firm. Yardley has made many soaps that are to this date popular. Because of the growing popularity of Yardley soaps and cosmetics in the 20th century, the company opened a shop in London in 1910.
In 1991, the company also introduced men’s grooming products. In 2005, the Jatanias which is Britain richest Indian family brought Yardley for 60 million euros 2005. It wasn’t until 2009 that Wipro consumer care brought Yardley for $45 million the brand ambassador for Yardley in India is Bollywood actress Katrina Kaif. Yardley is among the most popular Wipro company products.
Wipro GE Medical Systems
Wipro Subsidiary- GE Healthcare logo
Wipro GE Medical Systems is a joint venture between GE Healthcare South Asia and Wipro in 1990 and is currently one of the top Wipro companies in India. The company is known for its research and development of healthcare products. The company increases the Wipro products list in India, as it manufactures a vast variety of gadgets and equipment for diagnostics, healthcare ITand services to help healthcare professionals that are used for combat cancer, heart disease and other ailments.
Wipro GE Medical Systems is among the only company in Wipro companies list that strictly follows six sigma quality standards in all products. The company is an expert in medical imaging and information technologies, medical diagnosis, patent monitoring systems, drug discovery, and biopharmaceutical manufacturing tech, performance improvement and solution services, which are among the well known Wipro company products list. They offer all these services at a lower cost.
The company is among the most respected Wipro group companies as it is present in Asia Pacific, China, Africa, Europe, India, Latin America, America and Canada. The specializes in making products for Vascular, Orthopedics, Spine, Urology, Cardiac, General Surgery, Pain Management, Outpatient Interventional.
Wipro Consumer Care and Lighting
Products of Wipro Consumer Care and Lighting
Wipro Consumer Care and lightning are one of the biggest and fastest FMCG companies in countries like India, Asia and Africa. It is one of the most successful companies owned by Wipro as its annual sales revenue is now up to Rs. 77.4 Crore in the year 2019 to 2020. The company is currently present in 20 different countries like India, Asia, Africa and the Middle East. Wipro consumer care and lightning have over 16 manufacturing units in India, Malaysia, Indonesia, the Philippines, Vietnam, China and South Africa.
The company also has Research and Innovation Centers in India, Malaysia, China, the Philippines and South Africa. They are based in 22 countries, marketed in 60 plus countries with over 10,000 plus employees. The Wipro company products list such as like personal wash products, skincare products, male grooming products, toiletries, household products, furniture, commercial lighting, etc is well known in the country.
Wipro Consumer Care and lightning are among the top Wipro group of companies as has made several acquisitions like Unza, Yardley, LD Waxsons in order to get a global footprint. The key brands of Wipro consumer care and lighting are Santoor, Chandrika, Maxkleen, Giffy, Enchanteur, Safi, Aiken, Romano, Carrie, Garnet, Splash which come from different parts of the world.
This company is one of the Wipro companies in India and is known for developing, marketing and manufacturing hydraulic cylinders that are used for cargo handling, mining, freight and waste processing. The company also makes various products such as filters, pumps, valves, rear hinges and different components of hydraulic cylinders.
It is known to deliver over a million cylinders to original equipment manufacturers (OEMs)across the world. The company specializes in top Wipro products and services such as hydraulic cylinders for Construct and Earthmoving, Material and Cargo handling, Forestry, Farm and agriculture and mining. The company’s business has stepped up and launched specific solutions to fight Covid 19.
Conclusion
Wipro is an Indian conglomerate that has a global footprint for its services and products like IT services, BPO services, IT consulting, testing, research and development services. One of the main reasons for the company’s success is the strategic and clever subsidiaries it has acquired. Wipro group companies were and will continue to be a leader in the consumer market space and will increase the Wipro clients list. Because of the Wipro subsidiaries and Wipro acquisitions, the company has an extensive Wipro products list in India.
The revenue earned by a company is the major source through which the worth of the company is decided. You would be surprised to know some of the top companies’ revenue earned per minute. Here are the list of the top companies and the revenue they earn every minute.
Amazon.com Inc is an American based multinational technology company. It was founded in the year 1994. The company is located in Washington. It focuses on e-commerce, cloud computing, artificial intelligence and digital streaming. It is one of the big five companies in the U.S IT industry.
The company earned a revenue of USD 386.064 billion in the year 2020 and a revenue of USD 955,917 per minute.
Apple
Apple Inc is an American based Multinational technology company. It was founded in the year 1976. The company is located in California. The company focuses on designing, developing and selling consumer electronics, online services and computer software. It is also one of the big five companies in the U.S IT industry.
The company earned a revenue of USD 274.515 billion in the year 2020 and a revenue of USD 848,090 per minute.
Alphabet Inc is an American multinational conglomerate. It was founded in the year 2015. Alphabet is the parent company of Google. The company has its headquarters in California. Alphabet is considered to be one of the world’s most valuable companies and the fourth largest technology company in the world. Alphabet’s Google is one of the big five companies in the U.S IT industry.
The company earned a revenue of USD 182.53 billion in the year 2020 and a revenue of USD 433,014 per minute.
Microsoft
Microsoft is an American multinational technology company. It was founded in the year 1975. The company is located in Washington. The company focuses on developing, providing licenses, support, manufacturing and selling of computer software, personal computers, consumer electronics and related services. The company is also one of the big five companies in the U.S IT industry.
The company earned a revenue of USD 143 billion in the year 2020 and a revenue of USD 327,823 per minute.
Facebook is an American based multinational company. It is social media and social networking service. The company was launched in the year 2004. It is located in California. Facebook was the most downloaded app during the 2010s.
The company earns a revenue of USD 85,965 million and a revenue of USD 213,628 per minute.
Tesla
Tesla Inc. is an American based Electric Vehicle and Clean energy company. It was founded in the year 2003. The company is located in California. The company has a wide range of products which include electric cars, solar panels, solar roof tiles, battery energy storage from home to grid scale and various other products and services.
The company earned a revenue of USD 31.536 billion in the year 2020 and a revenue of USD 81,766 per minute.
Netflix is an American based company. It is an over-the-top platform and a production company. Netflix was founded in the year 1997. The company has its headquarters in California. Netflix is a member of the Motion picture Association (MPA). It is involved in producing and distributing contents across the globe.
The company earned a revenue of USD 25 billion in the year 2020 and a revenue USD 50,566 per minute.
Walmart
Walmart is an American based multination retail corporation. The company was founded in the year 1962. It has its headquarters in Arkansas, U.S. The company operates a chain of discount department stores, hypermarkets, grocery stores, etc. Walmart is the world’s largest company by revenue.
The company earns a revenue of USD 559.2 billion in the year 2021 and a revenue of USD 1,063,546 per minute.
Sony
Sony group is a Japanese based multinational conglomerate corporation. It was founded in the year 1946. The company has its headquarters in Tokyo. Sony is one of the world’s largest manufacturers of professional and consumer electronic products, the largest company for video game console, the second largest record company, the second largest video game publishing company, as well as one of the most comprehensive media companies.
Sony earned a revenue of USD 80 billion in the year 2020 and earns a revenue of USD 152,207 per minute.
Toyota Motor Corp is a Japanese based multination automotive company. It was founded in the year 1937. The company has its headquarters in Aichi, Japan. Toyota is considered to be the tenth largest company in the world in terms of Revenue generated.
It is also the largest automotive manufacturer in the world. Toyota was the world’s first automotive company to manufacture more than 10 million vehicles in a year.
Toyota Motor Corp earned a revenue of USD 275.4 billion in the year 2020 and earns a revenue of USD 489,726 per minute.
FAQ
What company makes the most money per minute?
Amazon is an American conglomerate which makes USD 955,917 per minute.
What the most profitable companies make per second?
Big pharma companies like Johnson & Johnson and Gilead Sciences make more than $400 per second.
How much does Jeff Bezos make a minute 2020?
Jeff Bezos makes about $321 million a day, $13.4 million an hour, $222,884 a minute, and $3,715 a second in 2020.
Conclusion
The above are some of the top companies in the world and the revenue they generate every minute.
ElzaBot was developed by Cyberrit which is a team of people who think alike, while successfully creating unique software. Choosing Cyberrit, you get an innovative approach to the task at hand, unique solutions, and an overall quality product because your success is their main goal.
Read this article to know more about Cyberrit, its services, founders, business model, revenue model, challenges, growth and their innovative service – ElzaBot.
Cyberrit specializes in developing innovative ideas and bringing the most daring projects to life. One of the main specialties at Cyberrit is software development. It also develops specialized information and analytical systems using leading industry standards as well as custom-developed software. The company develops anything from CRM (Customer relationship management system) to business, commercial, or even governmental software.
ElzaBot App
The company’s main product is ElzaBot App. ElzaBot is a collection of services that combine different messengers.
Elzabot – Target Market Size
The main target for ElzaBot is communication and business assistant. The market size is 100%. They analyzed similar companies and realized that people need their products. The industry will get to Financial, everyday life, business, and as a personal assistant in the next 5 years.
How was ElzaBot Started?
“The idea appeared when it was necessary to communicate in different messengers with different contacts. Which wasn’t very convenient. We decided to make a similar service for ourselves. And eventually, we realized that we did need it. The first people to tell were our parents. They supported us in this. The next people were our friends. Who loved the idea and the possibilities of the project”, recalls founder Zhuravlov Volodymyr
The ElzaBot App allows you to directly re-between different messengers. It also creates a unique communication between online stores and the operator, without being tied to the mandatory platform. In the deep analysis, there is a unique functionality – “gateway” with which any manager can combine employees with different messengers. Get information on the selected messenger about missed calls and texts. Receiving email and RSS feeds in any messenger.
Founders of Cyberrit
Cyberrit (Parent organisation of ElzaBot) is founded by Zhuravlova Ganna and Zhuravlov Volodymyr.
The founder, Zhuravlov Volodymyr is a developer and a technician and his, Zhuravlova Ganna wife is his inspiration.
Cyberrit Founders – Zhuravlov Volodymyr and Zhuravlova Ganna
Elzabot – Name, Tagline, and Logo
The name projects in honor of the founders’ daughter. The logo is the modernization of Elsa’s photography.
ElzaBot Logo
ElzaBot – Business Model and Revenue Model
Revenue is planned from the sale of the service to individual customers, the sale of the package of services to companies, and the development of an individual solution for private orders.
ElzaBot – Startup Launch
To get the first users, the team used Google Ads, Youtube channel, Twitter, and also registration in search engines and Advertising through their acquaintances. At the moment ElzaBot has 26 users. They are planning to add new functionality and expand the existing one.
For the first 100 users, all services are free for the first month.
According to the founder, the greatest challenge was integrating managers into the system. As this project is an innovation, innovative methods were developed and implemented in these technologies.
ElzaBot – Growth
To date, the company is at the beginning. Plans for the next 1-2 years: additions to functionality (ChatBot, new managers, group aggregation, etc.). and team extensions (recruiting new specialists).
History is a good indicator of our future. But only if we learn its lessons because it is important to understand that this pandemic is one which has changed our lives and businesses maybe for the better, in every area irrevocably. we are going to learn things that the company must do after this lockdown gets over as deep down its clear that Corona has successfully taken over our lives.
To get back to your 9 to 5, we should learn that there has to be a new normal and we have to adapt ourselves and the workplace to it. The Chain of lockdown has disrupted our work-life in a way we have never seen throughout the globe. And its seen that the majority of people around the world are working from home, daily wage workers and those in industries where remote working isn’t possible are facing the bad consequences of it. Employees who have the privilege to work for home, the idea of going back to work in their company could be a little daunting and out of their current daily tasks.
corona at workplace
Getting your businesses up and it should run smoothly simultaneously like earlier times could be like at your wit’s end for a company or business.
The way companies do businesses has advanced over the last decade. We always knew that flexible home working, using digital technology, was possible. Some firms have been using Microsoft teams, Zoom and Skype to conduct online meetings for years. In my honest opinion, what COVID-19 has done is just shown to us that we no longer need expensive land space in premium-priced cities to be effective or efficient. the bonus of no travel, closed offices and buying essentials means shows that we are also helping the nature.
Since COVID 19 has been a great leveler for everyone and its list of effects stands to be devastating.
it had affected our bodies, workplaces, and even the biggest of the world. Nobody expected it! That such a teensy weensy virus can make a big menace on such a large scale and so quickly, that we have to eventually change our lives, habits and daily rituals.
For several years we have heard voices about the coming financial crisis, but the direction it came from makes our eyes wide open. Indices of major Stock Exchanges, such as Nasdaq, are falling even by 9% in a single day. Investors are panicking, Many make haste decisions have been made due to emotional toll. And now it’s so crystal clear that the world is struggling with a crisis, forcing us to make changes for which we were never prepared for as in-person, companies, or organizations.
Output Of Major Industries Reduced Due to the Covid-19 Pandemic:
effect of covid-19 on industries
• Airlines and Hotel industry: between 70-75%
• Auto and advanced industries: 50-60%
• Construction and Real estate: 50%
• Consumer and Retail: 20-25%
• Chemicals: 15-20%
• Textiles: 50%
• Freight and Logistics: 40-45%
• Metals and Mining: 35-40%
• Oil and Gas: 20-25%
• Power: 20-25%
• Agriculture: 15%
• IT services: 10-15%
• Pharma: 10-15%
• Telecom: 0-5%
“Most industries will need to reactivate their entire supply chain, because the impact of Coronavirus was different in scale and timing in various countries across the world,” says Yogita Tulsiani, Co-founder, iXceed Solutions. “Leaders must, therefore, reassess their entire business system and plan for contingent actions to return their business to effective production at pace and scale,” says Tulsiani. “But the problem will become more complex as winter will bring new problems for many countries,” she says. “In my opinion, pay cuts, layoffs, deferring bonus in the payout, deferring salary payment is very much being implemented by many organizations,” she adds.
Now the biggest question is: Can their company stand at par with its previous productivity and a return to rehiring and training OR Will more companies move towards remote working?
COVID-19 in The Workplace
Due to the proximity of employees in workplaces, employers must consider the risks posed by the virus and the legislative obligations as employers. On any day they run the risk of their employees, business associates, and even clients who are infected with the virus bringing it into the workplace.
post corona effects on company
Occupational Health and Safety Obligations of an Employer
Section 8 of the Occupational Health and Safety Act (“OHSA”) obliges every employer to take reasonable measures to provide and maintain a safe working environment that does not pose a risk to the health of its employees. This obliges the employer to:
take steps to eliminate or mitigate any hazard or potential hazard, before resorting to protective equipment;
provide information, instructions, training and supervision that may be necessary to ensure the health and safety of employees at work;
enforce such measures as may be necessary in the interests of health and safety.
An employer is further prohibited from permitting a person to enter a workplace where the health and safety of such a person is at risk, in terms of the General Safety Regulations published under the OHSA.
An employer may require its employees to undergo medical testing for COVID-19 where:
• the employee has recently traveled to an area in which COVID-19 is prevalent; and/or
• the employee has had recent contact with persons traveling from an area in which COVID-19 is prevalent; and/or
• the employee exhibits symptoms consistent with the known symptoms of COVID-19.
Companies should establish periodic calls to employees to track deliverables and productivity
Tips Company Should Deal with Pitching Demands
plans for companies after lockdoen gets over
Encourage regular hand washing
Perform routine environmental cleaning
Encourage Sick Employees to Stay Home
Talk with Employees about Travel Plans
Increasing online penetration
Precautionary measures such as increasing store cleanings
Encouraging safe distancing among employees
Reopen offices with fewer employees
Not reopening underperforming workforce
Making a rooster plan so that alternative employees come to alternate days.
Taking forced leave
Employer should compel an employee, whom he reasonably suspects of having COVID-19, to medical testing
Employer should dismiss an employee who has contracted COVID-19 based on medical incapacity
Sick leave entitlements
Open Dialogue with Employees
Employers need to know how to decrease the spread of acute illnesses like coronavirus and lower the impact of COVID-19 in their workplace and share plans with their employees.
open communication
Plans should identify and communicate their objectives, which may include one or more of the following:
reducing transmission among staff
protecting people who are at higher risk for adverse health complications
maintaining business operations
minimizing adverse effects on other entities in their supply chains
It’s important, now, that whatever we do should include: virus severity, the impact of the virus on employees that at higher risk of infection, and possible increased number of employee absences.
Go-To Tips for Employees Getting Back to Work After Lockdown
Energize the body
Ensure voluntary physical distancing
Take care of workplace safeguards (masks, sanitizer, etc.)
Maintain your aura
Conserve mental energy
Find meaning in work — societal, organizational/corporate, client/target, team, and personal
Focus on solutions
Set positive aspirations
Stay focussed
Build relationships
tips to deal with corona virus
There’s a saying that the problem could be any big but it always comes with a solution and hence, it’s us who have to find it. For a company to bring on a new normal it has to work smartly. And, I don’t know if this could create a make-believe situation but there is a way:
Remote Work — A New Way of Work
Remote work stands not only for the benefits associated with the involvement of employees, their lower rotation, but also great potential for development. It’s an open-end opportunity to redefine what cooperation between a company and an employee is. How your team works depends more on them, and how you present them with priorities and goals can help them find the best solutions. The goals must be mutual, set, and specified. Thanks to this your team’s motivation to implement them will not decrease because they will know what they’re striving for. If people work together, aiming for one goal, they share responsibility for the project.
Remote work is also an opportunity for other ways of accounting for work, not necessarily for hours worked, but for results. The times when you have to sit in the office to finish the required 8 hours full time are over. This also gives more and more opportunities for businesses that can optimize their costs. You don’t need to maintain an office, equipment, buy coffee, and take care of fruit Thursdays. Just invest in tools that facilitate online work, and there are more and more of them of high quality.
A study five years ago showed a 13% increase in productivity when working from home. The reasons stated were the reduced number of breaks and sick leave. Not only work from home, but work from anywhere in the world is gaining more and more votes. By giving employees more freedom, limiting negative practices such as micromanagement, we allow people to grow and release their potential. With greater freedom comes greater responsibility and with it even greater employee involvement in what they do. This is confirmed by the State of Remote Work 2019 report prepared by Owl Labs. According to it, mobile workers with a 13% higher probability won’t want to change jobs for the next 5 years. This is something worth investing in!
Be ready for an operational shock!
So, take care of them and prepare yourself to go back to work once the lockdown ends with a clear mind full of determination!
