With the brimming number of businesses flooding almost every industry today, the need for startups to differentiate themselves has become imperative for their long-term survival and growth. Brand building is not an overnight act, but with targeted PR and branding initiatives, the process can be substantially fastened.
Today, the ambit of Public Relations does not limit itself to maintaining relationships with the various stakeholders of a business, it is the act of positive narrative building that enables your targeted audience to know about your business and build a strong brand recall. The first step to building an online brand is to appear credible amongst your target audience, which is the core of what Teamology Softech and Media Services has been offering to its distinguished clientele.
Teamology – Company Highlights
Startup Name
Teamology Softech and Media Services Private Limited
Teamology Softech and Media Services was founded by Gulrez Alam and Md Badshah Ansari right in the middle of the Covid-19 pandemic in August 2020. Contrary to most other businesses plunging during the pandemic, Teamology Softech was a bootstrapped startup that rose incredibly and turned profitable in the second year of its inception itself.
Teamology Softech and Media Services has, in the period of less than half a decade, expanded its business offerings globally. Headquartered in Kolkata, Teamology is proficient in delivering services ranging from digital PR, election management, press conference, digital marketing, advertising, and holistic media coverage. The company has an elaborate clientele, right from startups to MNCs, influencers, actors, politicians, and social workers.
Teamology – Founders
Teamology Founders – Gulrez Alam (Right) and Md Badshah Ansari (Left)
Gulrez Alam is the Managing Director and Co-Founder of Teamology Softech and Media Services Private Limited. With over 5 years of experience in the Digital PR and Digital marketing industry, before Teamology, Mr Gulrez founded the leading educational portal named Sarkarinaukriind.
Md Badshah Ansari is the Director and Co-Founder of Teamology Softech and Media Services. After over 3 years of hands-on experience in the Digital PR and Search Engine Optimization spaces, Mr Ansari was determined to be an entrepreneur. At a very young age, he joined hands with Mr Gulrez Alam to lead the vision of Teamology.
Teamology – Purpose of Formation
The growing need for startups, companies, and influencers to consistently and affordably reach customers is met by Teamology Softech and Media Services. By offering pertinent exposure through professional services, Teamology Softech collaborates with clients and their teams to develop their digital PR, digital marketing, social media outreach, and brand management capabilities. They help every emerging brand have access to and finance digital PR. Their overarching goal is to change how companies expand their internet reach by serving as a beacon of narrative building.
Gulrez Alam and Badshah Ansari, the founders, are passionate about assisting other companies since they think that collective growth leads to long-term growth.
Teamology – How Does the Company Work?
Most of the clients today for the company flow in because of business enquiries and referrals, a large number being retainer clients with a small percentage of clients that are approached by outreach. After a discovery call with the firm, the correct brand positioning and narrative creation opportunities are assessed by the specialists at Teamology. This is the first step in designing a tailored PR package to start the process of turning a company into a brand.
By taking all of this into account, they have been offering services to well-known MNCs and companies, including Mahindra, Philips, Coats, and many others. Teamology has expanded into comprehensive branding and PR campaign management after gaining competence in the field of empowering enterprises and influencers in numerous fields, including digital marketing, real estate, financial firms, influencer marketing, software solutions, fashion shows, etc.
Teamology Softech has business partnerships with 60 plus well-known news organizations globally. Today, the name Teamology is synonymous with quick, effective, affordable and round-the-clock help and consulting on comprehensive brand creation for any company or person. Teamology Softech and Media Services has duly received the USA IAS and IAF Councils quality control certifications.
Teamology – Awards and Achievements
Teamology has been awarded as the Iconic Digital PR Agency by Mid-Day for both 2020 and 2021.
It was for their customized brand-building endeavours that Teamology became the first PR firm to be endorsed by a Bollywood actress. Currently, actress Nikita Soni is the face of the brand.
Apart from growing its clientele to global brands, Teamology has recently been the prime sponsor of several award events in the PR industry.
Teamology – Initiatives
Teamology has established itself as the best PR agency in India and for the future, they have even higher expectations and goals. The company has won numerous prizes for successfully launching digital PR campaigns. The company’s current USP cover a wide range of business communication services, branding solutions, PR content, digital marketing, SEO services, guest posts, movie and television show promotions, press events, advertising, election management, and much more.
Recently, Teamology has become the official branding partner for leading website design company CSS Founder and has led food distribution drives under the ‘Free Food For Needy’ programme with the company as part of their thoughtful CSR initiatives.
FAQs
Who founded Teamology Softech and Media Services?
Teamology Softech and Media Services was founded by Gulrez Alam and Md Badshah Ansari in August 2020.
Where are the headquarters of Teamology?
Teamology is headquartered in Kolkata, West Bengal.
What is the USP of Teamology Softech and Media Services?
Teamology’s current USP cover a wide range of business communication services, branding solutions, PR content, digital marketing, SEO services, guest posts, movie and television show promotions, press events, advertising, election management, and more.
The global eCommerce industry is rapidly changing and growing. This has disrupted the traditional retail sector, leading to many businesses shifting to the eCommerce space. With new players entering the eCommerce market, the competition among the brands is also rapidly increasing, and every brand wants to stand apart from the rest.
What makes a brand stand out is its ability to provide quality products and services and satisfy its customers by offering the best possible experience. But not every brand knows how to do that. To help brands leverage the power of conversations with customers, there are certain platforms that can assist them in doing so.
One such amazing platform is BIK. BIK is a multi-channel conversational marketing platform. It is designed to spark high engagement and exciting conversations for customer-focused brands, helping the brands increase their ROI.
In this article, discover more about BIK, its founders, products and services, marketing strategy, and more.
BIK is a multi-channel conversational marketing platform that was built from the ground up. The new generation is always looking for fast and quality responses to complete the purchase cycle, and brands are looking to achieve the maximum possible return on investment. The platform is designed to spark high engagement and interesting conversations for the brand centred on customers.
BIK – Industry
BIK’s product is built for eCommerce brands all across the globe. Global eCommerce is a $3.3 trillion industry. The Indian eCommerce market is predicted to reach $74.8 billion, while the US eCommerce market is predicted to reach $875.2 billion in 2022.
Most eCommerce brands use Shopify or other website builders. There are about 3.9 million Shopify stores globally.
In India and the United States, eCommerce brands are expected to grow at a 20% CAGR over the next five years.
BIK – Founders and Team
Sonakshi Nathani and Ashutosh Singla – Co-founders of BIK
Sonakshi Nathani and Ashutosh Singla are the founders of BIK. They were college batchmates and are both Computer Science graduates from IIIT, Hyderabad. Sonakshi has earlier worked at Microsoft, and Ashutosh has worked in Canada for startups like Zenfits and Square. In terms of tasks, Sonakshi takes care of the business aspect, and Ashutosh takes care of the tech side of the company.
BIK – Startup Story
BIK Team
WhatsApp is core to India; the founders closely observed the rise of businesses selling things unofficially on WhatsApp for either sale, marketing, or customer support. They felt that WhatsApp and other social media channels would play a huge role in how commerce would be conducted in the future. They believed that social apps would be the next era after websites and apps. That was when they decided to partner with WhatsApp and launch BIK.
Most of the initial customers came from their known contacts. They started a pilot with them and worked closely with the contacts to understand which features were valuable. Working closely with the merchants and businesses helped the founders get insights that shaped the product.
Cold approaching and referrals were also used by BIK to acquire the first few users. LinkedIn came in very handy for cold-approaching potential brands.
BIK – Mission and Vision
BIK’s mission and vision is to be the best platform in the world for brands, that helps them drive the maximum possible ROI. Also, it aims to make brands limitless and help them leverage the power of conversational marketing with BIK.
BIK – Name and Logo
BIK.ai – The founders wanted to go upmarket and enterprise and deploy cutting-edge technology in ML/AI to enable data-backed decision making
BIK – Products/Services
Today, businesses and eCommerce brands are unable to effectively engage with potential customers through conventional channels such as SMS, emails, and ads because they have lower open rates. Personalized messages provided by BIK make customers 70% more likely to make a purchase, thus assisting brands in boosting their sales.
In the ever-expanding market, BIK enables brands to gain a higher reach by targeting over 2 billion active WhatsApp users every day. The ability to re-engage with lapsed customers and encourage them to complete their purchases is one of the biggest strengths of BIK.
BIK offers BIK Campaigns, BIK Bots, BIK Growth, and BIK CRM—all 4 products enable your consumers with high intent to purchase from you, enabling your growth.
The founders launched another business line w.r.t. to the previous product, Bikayi. They felt that it was not that easy to monetize the SMBs, rather, it was easier to engage them and help them get revenue, but relatively hard to monetize. That was when they decided to launch another business line for enterprise customers. While the impact in both businesses is equally high, BIK is financially more sustainable.
BIK – Business and Revenue Model
The company’s product costs $20k per year for most brands.
BIK – Customer Acquisition Strategy
The company places the right emphasis on customer success and fulfilling their needs. Great customer success and the speed of releasing new features are its moats. The company’s success team works very closely with these brands to drive ROI on social channels. The brands really like the amount of effort and dedication that BIK’s team puts into each and every task.
Now that the company has more confidence in its product and the market, the next steps are to go international and increase the number of sales folks in the company. It is planning to double down on sales and reach out to a lot of potential brands. BIK is a little conservative when it comes to performance marketing; for them, it is mainly cold reach outs and referrals.
BIK also uses a few tools like Salesforce, Notion, Jira, and Figma to support its functions and make them more efficient.
BIK – Marketing Strategy
When BIK was launched, the founders did a lot of research and, based on the insights, began using personalised emails addressing the problems of the brands that they wanted to target and pointing out how D2C brands were still using traditional ways of interacting with their customers.
This marketing tactic initially helped the company onboard its first few D2C brands. BIK provides modern solutions to D2C brands, helping them increase their ROI.
BIK is making its product ready for the US market as well, as it is a hub for eCommerce companies and opportunities. Its growth plans revolve around scaling up; it has already hit more than 1 million messages within three weeks of launch. The scale-up would majorly involve geographies like the USA, ANZ, and the UK, apart from India. BIK will continue to invest heavily in research and development, evolving itself towards its vision of making brands complete their journeys through conversations.
From a team point of view, they believe in quality over quantity and continue to keep their high-quality team lean to deliver quality products.
FAQs
What is BIK?
BIK is a multi-channel conversational marketing platform that was built from the ground up. The platform is designed to spark high engagement and interesting conversations for the brand centred on customers.
How much does BIK’s product cost?
BIK’s product costs $20k per year for most brands.
The Indian startup ecosystem has faced several jolts post the Covid-19 pandemic and it is because of the ease of doing business online through websites that over 70 percent of such businesses have resorted to operating on the internet. This has called for them to have quality websites that don’t crash and are able to seamlessly carry out their business.
The CEO of leading website design company CSS Founder, Mr Imaran Khan also wanted to get his own website built when he understood that there is a huge quality-price gap and there’s no brand in the industry where an affordable, high-quality, and high-performing website can be created without much hassle.
With a primary focus on quality, safety, and affordability, CSS Founder was incepted in the year 2016 with a unique mission of ‘Website for Everyone’. He says, “The high price fluctuations and the lack of expert service that is reliable was leading to the exploitation of clients. I had to wait for 2 years and still I couldn’t get the type of website that I wanted and hence this opportunity striked me.”
CSS Founder – How Do They Function?
CSS Founder Team
In a matter of half a dozen years, CSS Founder has amazed the website design industry with their global reach. They provide websites of all types alongside AMC, post-sales services, renewals etc. They have built a fully automated business with more than 80 perfect of their business coming from organic online reach and enquiries, while the remaining comes from the word-of-mouth of existing clients.
“We are extremely proud to share that we rank in the top on Google for most of the competing keywords globally. Our team takes pride in appearing on top because of the consistent hard work and focus on quality in our work”, opines CEO Imaran Khan. The expertise of CSS Founder can be gauged from the fact that they have AMC (Annual maintenance contracts with leading MNCs such as Samsung C&T, Vigilance Hair Studio, and others. Major startups that CSS Founder has worked with include Hello Healthy, Tumble Dry, Gohoarding, Nicheshoe, Global Policy Insights, and Savin Communications.
CSS Founder – USP
Today, CSR is becoming more significant for the majority of organizations as a means of showcasing their dedication to advancing society. With more than 12k websites built with expertise, CSS Founder transcends boundaries and presents itself as a brand in the website builder industry.
Imaran Khan, the director and creator of CSS Founder, also advocates for the idea that businesses should be empowered by a professional website and that both small and large enterprises in India should invest in charitable endeavors. Their inventiveness has enabled them to launch a one-of-a-kind website cost calculator that goes a long way in providing startups with much-needed insight into the cost of designing their business website.
The Noida-based leading web design company, CSS Founder, has pledged to provide over one lakh meals for impoverished children over the next two years in an effort to give back to the community. Throughout the year, the company has been on a mission to aid the poor. The team sets out every weekend to bring joy and happiness to the less fortunate.
The company’s stance is that every business should make investments because every firm has a social obligation. CSS Founder is an Indian web development leader that seeks to provide huge business opportunities right from cart owners to MNCs with their own websites so that everyone can advance. CSS Founder believes that every business should have a website that is bug-free, seamless, and has a fast loading time.
FAQs
When was CSS Founder founded?
CSS Founder was founded in 2016 with the unique mission of “Website for Everyone.”
What does CSS Founder do?
CSS Founder is an Indian web development leader that seeks to provide huge business opportunities right from cart owners to MNCs with their own websites so that everyone can advance. They provide websites of all types alongside AMC, post-sales services, renewals etc.
Which are the major startups CSS Founder has worked with?
Major startups that CSS Founder has worked with include Hello Healthy, Tumble Dry, Gohoarding, Nicheshoe, Global Policy Insights, and Savin Communications.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Glenmark Pharma Limited.
Active pharmaceutical ingredients (APIs) are any compound or combination of substances utilized in a finished pharmaceutical product. The introduction of these APIs is due to the increase in the desire for affordable new medications.
The APIs market is evolving, and many large pharmaceutical manufacturing companies are upscaling their APIs manufacturing process. One of the reasons for this growth is that the APIs market has given rise to opportunities.
If there’s one company that is bringing evolution with its creation of generic medications and APIs, then it is Glenmark Pharmaceuticals Limited. The company was founded in 1977 by Gracias Saldanha.
Find out the success story of Glenmark Pharmaceuticals Limited. We have covered all the suitable information related to the company like its founder, startup story, business and revenue model, and many more details.
The company, Glenmark Pharmaceuticals was established in 1977 to become a preeminent, fully integrated, international pharmaceutical firm. Glenmark seems to have a sizable presence in countries throughout emerging economies, including India, through its imprinted generics business. The company’s main efforts lie in making inexpensive, high-quality medicine available to patients worldwide. There are about 100 million patients worldwide who benefit from its generic medications each year.
Glenmark is also a top partner for pharmaceutical firms throughout the world and a global provider of high-quality API goods. Its API Business offers its goods in more than 65 nations, including the US, many EU nations, South America, and India.
Glenmark Pharma Limited – Industry Details
From 13.7% in July 2020, the Indian pharmaceutical market grew at a rate of 17.7% yearly. As per some reports, the Indian pharmaceutical market would generate over 12% YoY growth in sales in FY22.
Besides the tremendous pharmaceutical sector advancements, this industry’s revenue totaled $1.27 trillion in 2020. With continuous innovations in the world of medicines and all things pharma, these numbers are only going to increase.
Glenmark Pharma Limited – Founder
Glenmark Pharma Limited’s founder is Gracias Saldanha.
Gracias Saldanha, founder of Glenmark Pharma
Gracias Saldanha
Gracias Saldanha was the founder and CEO of Glenmark Pharmaceuticals. He laid the foundation stone of the company in 1977. Gracias belongs to the village of Saligao, a district in Goa.
Gracias Saldanha was listed at 69th position on Forbes’s list of Indian billionaires in 2011. His net worth was estimated at $805 million.
Gracias is popular for his philanthropic activities in Goa and his contributions to boosting Indian generic drugs. For all these activities the pharma company is steadily growing. Gracias Saldanha died on 21s July 2012.
Glenn Saldanha
Glenn Saldanha is the current MD and Chairman of Glenmark Pharma Limited. He gained his bachelor’s in Pharmacy from the University of Mumbai and also has an MBA degree from NYU Stern School of Business.
Before joining Glenmark, Glenn worked as a consultant at PwC USA. He has won many awards including EY Entrepreneur of the Year in 2017, Best CEO: Pharma & Healthcare Issued by Business India in 2014,
India Pharma Leader Award is given by the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Govt of India in 2015 to name a few. Glenmark has changed under his direction from an Indian-based generics company to one that prioritizes research and innovation.
Glenmark Pharma Limited – Startup Story
Established in 1977 by Gracias Saldanha, Glenmark’s motto was to produce generic medications and active pharmaceutical ingredients. The firm first offered its products in India, Russia, and Africa and later on offered them to other parts of the world. In 1999, the firm went public in India, and a portion of the revenues was utilized to construct its first research center. The generics market in general started transitioning to the end of a period of enormous patent cliffs in the pharmaceutical sector in the middle of the 2010s. Patented drugs with annual sales of about $28 billion were scheduled to come off patent in 2018, but only about $10 billion in sales were projected to be available to competitors in 2019 and even less the following year.
The company specialized in developing novel medications and biosimilars for the treatment of cancer, skin conditions, and respiratory diseases, and it worked with big pharma to make money off of these products.
Glenmark’s revenues for the fiscal year 2016–2017 were around 81 billion INR ($1.25 billion), ranking it as the fourth-largest pharmaceutical firm in India.
Glenmark Pharma Limited – Mission and Vision
The vision statement of Glenmark is, “To discover possibilities and make the lives of patients better across the globe by developing cures for unmet medical needs.”
Glenmark Pharma Limited – Name, Tagline, Logo
Gracias Saldanha has named the company after his two sons, Glenn Saldanha and Mark Saldanha.
The tagline of Glenmark is, “A new way for a new world”
Glenmark Pharma Limited – Business & Revenue Model
The business model of Glenmark is said to have two categories – Specialty Business and Generic Business.
The business operations of Glenmark involve the manufacturing of generic drugs and APIs, both in the domestic and international markets. Glenmark has several business elements such as Paediatrics, Internal Medicine, Dermatology, Gynaecology, ENT, and Diabetes. It has three cutting-edge R&D centers located in Sinnar (Maharashtra), Taloja (Maharashtra), and Mahape (Maharashtra). The company has a total of 10 manufacturing facilities globally – seven in India (Goa, Sikkim, Nalagarh, Nashik, Indore, Aurangabad) – one in the USA (North Carolina) – one in Argentina (Buenos Aires), and one in Czech Republic (Vysoke Myote).
In the pandemic year 2020, the corporate launched a potential COVID-19 drug Favipiravir under the name FabiFlu in India after studies found that there was some advantage of the drug in COVID-19 treatment. Within a few months of this new drug launch, it conjointly unrolled the next strength version of FabiFlu.
Its business operations include – 10 World class facilities across four continents and operates in over 80 countries.
Glenmark mostly generates its revenue from manufacturing drugs primarily focused on the areas of inflammation – asthma/COPD, rheumatoid arthritis, metabolic disorders – diabetes, obesity and pain – neuropathic pain, and inflammatory pain. As per reports, the company gets about 58% of its revenue from Specialty business formulations coming from the domestic segment.
Glenmark’s CSR initiatives are primarily focused on child health through Glenmark Foundation, and over the years, it had a global impact on over 900,000 lives.
Glenmark Pharma Limited – Funding and Investors
Over three rounds, Glenmark Pharmaceuticals has raised $58 million in investment. On August 13, 2018, they received their most recent capital from a Post-IPO Equity round. Three investors are financing Glenmark Pharmaceuticals. The most recent investors are True North and Actis.
Glenmark Pharma Limited – Mergers and Acquisitions
Glenmark Pharmaceuticals have bought four businesses. On March 27, 2007, they made their most recent purchase, Medicamenta.
Date
Acquiree name
Amount
March 27, 2007
Medicamenta
–
December 26, 2005
Bouwer Bartlett
–
October 26, 2005
Servycal
–
April 2, 2004
Laboratorios Klinger
$5.2 million
Glenmark Pharma Limited – Advertisements and Social Media Campaigns
In 2021, Glenmark advertised its talcum powder under the brand name – Candid dusting powder. The advertisement features Rohit Sharma, a renowned cricketer. The video talks about Glenmark’s talcum powder’s features like anti-bacterial skin solutions, sweat absorbent ability, etc.
Glenmark Pharma Limited – Awards and Achievements
Here’s the list of awards and achievements won by Glenmark:
Glenmark has won Best Innovative CSR project at the 5th Edition of the Corporate Social Responsibility Summit and Awards
Glenmark has won Gold Award-Environmental Excellence- Nalagarh Plant-by Apex India Green Leaf Awards 2021
Glenmark has won India Pharma CSR of the Year – Runner Up – India Pharma & India Medical Device Awards 2022
Glenmark has won Safety Environment Strategy Summit & Awards 2022 in the category – ‘Managing Risks and Risk Assessment at Work’.
The Glenmark Foundation won the 8th CSR India Award for outstanding achievements in the ‘Promotion of Healthcare’ category.
Glenmark Pharma Limited – Competitors
Glenmark competes with the following list of top companies:
The company is planning to invest Rs 600 crores to double its capacity in the coming years. To add, Glenmark is planning to enter more regulated growth markets like Brazil, Russia, Korea, Mexico, Taiwan, and Saudi Arabia.
FAQS
What is the rank of Glenmark Pharma?
Glenmark ranks 13th among global pharmaceutical companies.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by WellTech.
Who doesn’t like to stay fit? Moreover, in the past few years, the significance of health and fitness has increased to a great extent. You would find every other person talking about fitness and following a number of health apps on their smartphones.
Every person is conscious of reducing those extra kilos to look better and stay in shape. It can be seen that fitness and health have become a hot topic of discussion but, just like starting anything new, you need to have a certain goal or a plan beforehand. Similarly, to embark on the journey to fitness and health you need to know the appropriate measures to start a healthy life.
Every other day, you find there’s an app related to health and fitness, in which you can get a customized plan designed to cater to your health needs. WellTech is one such IT startup company that develops mobile applications related to health and fitness.
Here’s the success story of WellTech, where you can learn everything about WellTech, its story, and team, products and services, competitors, and more.
WellTech is a private corporation, which focuses on information technology and services. The company mostly creates mobile applications for the health and fitness sector.
WellTech presently has over 200 million downloads worldwide. There are more than 400 people on the team who are dedicated to creating products to make millions of people feel better.
The company is dedicated to enhancing the health of numerous people worldwide. WellTech’s philosophy and ideals make it very evident that they aim for excellence in everything they do.
It is a data-driven company.
WellTech – Industry
It can be assured that the IT industry is one of the leading industries in the world. It is estimated that the projected spending for the worldwide information technology (IT) sector in 2022 is 5.3 trillion dollars.
In the market for IT services, the average Spend per Employee is anticipated to reach US$322.30 in 2022.
WellTech – Mission and Vision
WellTech’s mission is, “Improving the Health of Millions of People around the World”
WellTech – Name, Logo, and Tagline
WellTech logo is like a half circle full black in colour.
WellTech Logo
WellTech – Business Model
WellTech has created health & fitness applications like Omo, FitCoach, WalkFit, Yoga Go, and Muscle Booster.
Let’s a take detailed look into the following five applications:
Omo
Omo is the all-in-one weight loss application. It is a calorie-counting software that makes it simpler than ever to register your meals, keep track of your activities, and view your progress. It is not only about losing weight but the app gives a lot more than this.
It is more than just a food journal; it also provides its users with nutrition advice so they may eat well. Users can learn how to choose healthier foods and steer clear of junk food with the help of these suggestions, making it simpler to withstand cravings and establish lasting healthy habits.
Omo also helps users with intermittent fasting and gives a personalised workout plan.
How to use the app?
Users can need to go to the App Store or Google Play Store (depending on your device) and download the Omo App to get started. After it is downloaded, create an account to get started, by responding to a few straightforward questions in order for the app to develop a plan that is unique to you and your requirements.
Users’ weight loss plans will be computed when they have completed the questionnaire. Once done, Omo develops a highly customised weight loss plan rather than a generic one, making sure that its users won’t have any trouble adhering to it.
Yoga Go
Yoga Go by WellTech lets customise yoga and pilates routines to improve customers’ physical health, emotional stability, and overall well-being.
The app already has 23 million plus downloads and is available in 11 languages. Yoga-Go offers quick, at-home yoga and pilates routines that customers can use at any time they want. Yoga-Go workouts only last 7 to 30 minutes, and each session might result in a 200-calorie calorie burn.
With this app, users can enjoy a variety of yoga exercises:
Pilates
Face Yoga
Breathing Practices
Stretching
Yoga at the Office
Morning Yoga Practices
High-Intensity Yoga
Relaxing Yoga Practices
FitCoach
FitCoach has over 29 million downloads and is available in 13 languages. WellTech’s FitCoach is the perfect fitness app for those who are concerned about their health, want to get fit, and lose weight, but lack the time to go to the gym. The best part about this app is it offers a fully customised plan for its users.
FitCoach app offers the following variety of workouts:
Strength
Stretching
7 Minutes workouts
Yoga
Walking
Pilates helps
Cardio
Libido Boost
Recovery workouts
Morning
Fitness Mix
Muscle Booster
With over 60 million downloads, Muscle Booster by WellTech aims at offering daily plans for the overall body workout.
The app has a weekly calendar that is located at the top. Users have to select a day in the calendar, which will display options for both the main workout and extra workouts.
The main workout (if there is one that day) should be completed at the very least, but putting in the extra session will yield faster results. The exercise plan pages in the app list the exercises that will be done during the workout and how long it will take to complete the entire session.
Here are some of the features of the Muscle Booster App:
An Extensive and Varied Training Library
Workout Overviews
A Personalized Training Plan
Workout Player, this includes – audio prompts, 3Dmodel highlighting muscles, music synchronization
Apple Watch Synchronization – to synchronise with Apple Watch to track workouts
A Personalized Meal Plan
WalkFit
WalkFit is available in 9 languages for both Android and iOS users and has over 16 million downloads from all over the world. This app offers individualized walking plans and in-the-moment advice to help people get healthier and more fit. The app can be downloaded for free but requires a reasonable fee to access other features.
WalkFit app helps the users in the following ways:
Countdown of total time and active time.
Pedometer with alerts to let users know when milestones are reached in terms of steps.
How many calories are burned?
The app measures the distance travelled, as well as the pace and speed of users.
WalkFit makes it possible for users to be phone-free by syncing the app’s data to their Fitbit.
The app gives a selection of fitness tasks
There are statistical charts that reflect users’ progress and trends using the exercise data they have already completed.
Other than creating mobile applications, WellTech is also engaged in offering courses for those who want to start their career in IT.
WellTech Academy
WellTech Academy is an educational platform that is designed to offer coachings for those professionals who are interested in joining the IT industry. The company has a total of three years of experience in implementing educational projects.
WellTech Academy has a total of 29 projects to start IT careers, 270+ alumni of educational projects, and 56 graduates from the academy. Once the candidate finishes the course, they even get the chance to join a product IT company and have the opportunity to develop Fitness & Health Apps.
They offer programs like;
Digital Marketing Camp (online)
Creative Marketing Camp (online)
Product Camp (online)
QA Bootcamp (online)
The main goal of WellTech Academy is, “To impact product IT development by improving the knowledge and expertise of entry-level specialists.”
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Twitter.
Updating the status of the current scenario is one of the leading trends followed by today’s generation. The same trend allows people to describe their days, habits, thoughts, and any important message on a larger scale with the help of social media. There are multiple social media platforms available on the web to take the habit on. One amongst them is a bluebird icon platform called Twitter.
Twitter is a microblogging platform along with a place where people can easily interact and share their thoughts in the form of tweets. Initially, it was invented with the thought of sending an SMS to a group of people. Now Twitter stands at the rank of 16th position in the category of most popular social networking sites globally.
Twitter was set to be acquired by Elon Musk, according to the news dated April 26, 2022. He had previously announced a deal worth $44 billion to acquire a majority of Twitter’s stake and make it private. This had valued each share of Twitter at $54.20, at which Musk valued them. However, later, the deal, which was said to be on hold, had actually been pulled by Elon Musk, and the Twitter team was all set to sue him. Twitter actually sued Elon Musk, as per reports dated July 13, 2022, on Delaware’s Court of Chancery. The social media giant reportedly accused Musk of “hypocrisy” in court on July 12, 2022. The judgement that was pending from the Court of Chancery was ruled in favour of Twitter, who was then asked to force the completion of the deal.
After an almost seven-month-long saga of various business and legal conflicts, finally, on October 27, 2022, Elon Musk completed his acquisition of Twitter and appointed himself as the new CEO of the company.
The journey covered by Twitter from its start till now is commendable. This article highlights all essential aspects of Twitter such as its business model, revenue model, competitors, funding, and more in the form of the Twitter success story.
Twitter is an America-based microblogging platform founded in the year 2006 by Jack Dorsey, Biz Stone, Evan Williams, and Noah Glass. Twitter has evolved as a social media platform cum microblogging platform giving out information on a range of topics.
People can easily interact with each other based on their interests and can also tweet on the platform to share their thoughts with a larger audience. Twitter was founded by a failed podcasts producing company named Odeo. Earlier it was termed as Twttr and then changed to the name, which is currently written as Twitter.
Twitter has more than twenty-five offices across the world. Tweets used to be originally restricted to 140 words, but in November 2017, the maximum for non-CJK languages was lifted to 280 words. Video and audio tweets are still limited to 140 secs over most profiles.
Both, as a sender and a receiver, Twitter is easy to use. You may easily join this platform with a free basic account and a Twitter handle or unique username. Then, on a daily, hourly, or as-needed basis, you may send out broadcasts, often known as “tweets.”
In the “What’s Happening” box beneath your profile picture, input 280 words or less, then click the Tweet button to post your tweet. Those who follow you and maybe those who do not will see your tweet if your account is public.
You can follow anyone, including celebrities and your favourite influencers, by selecting follow button on their profile to subscribe to their tweets on Twitter. You can simply unfollow them if their tweets aren’t as entertaining as you thought. Visit Twitter.com at any time of day or night to see your Twitter feed, which is updated as people tweet. Look at what’s trending to see what’s going on around the globe. That’s all there is to Twitter.
Twitter – Industry
Twitter belongs to the largest growing industry, the internet. The internet industry deals with the integration and linking of big data, analytical tools, and a wireless network. The industry is leading the way for a big change in the future due to more and more usage of internet-based platforms.
It provides a way for multiple activities to take place without the need for physical appearance. Some of the popular day-to-day activities seen by the internet industry are microblogging, social media, advertising, etc. The future of the Industry can be assumed as bigger, faster, and safer internet growth.
A social networking site is an online platform that allows users to develop social networks or connections with others who have similar professional or personal hobbies, interests, experiences, or legitimate connections. Social media is currently used by more than half of the world’s population (58.4%).
Around the world, 4.62 billion individuals use social media, with 424 million new users joining in 2021. Every day, people spend an average of 2 hours and 27 minutes on social networking sites. The emergence of social media has been fueled by the human tendency to connect, as well as advances in digitalization. It’s a story about large-scale personal friendships being formed and nurtured.
The market size of social media is growing exponentially with the estimated calculation for the US market size in 2022 to be $72.2 billion. Total growth of 15.6% is noted in the US for the social media market. As for the future, according to a report published by statista.com, over 4.41 billion users are expected to use social media by the year 2025.
Microblogging stands for the combination of instant messaging combined with content production. It differs from the natural blogging industry of the limited size of the content delivery. Microblogs include content with specific data ranges. They can be in the form of short videos, audio, or simple texts. The microblogging industry is not up to mark and is in a constantly evolving stage. It is emerging as one of the fastest-growing industries.
Twitter – Founders and Team
Twitter was not founded by a single person or by the efforts of one person. It took a whole group of four people to get together and launch a microblogging platform.
Jack Dorsey
Jack Dorsey – Co-Founder of Twitter
Jack Patrick Dorsey born on November 19, 1976, and a native of the United States was the former CEO of Twitter. He was born and brought up in St. Louis, Missouri, where he went to complete his schooling too. He started programming while being a student only due to his unavoidable interest in programming and computer communication.
He completed his schooling at Bishop DuBourg High School. He was more than interested in the logistics and their working methods. At the age of 15, Jack Dorsey created a dispatch software that was still in use by many taxicab companies for a longer period.
To get a degree, Jack Dorsey went to the University of Missouri. However, due to some unavoidable reason, he was transferred to the University of New York, which he dropped from six months of getting the hold of his degree.
Jack Dorsey instead went to Oakland, California, and started a company offering dispatch software by the medium of the Internet in the year 2000. While working on the dispatch software, he came up with the idea of having a platform that combines instant messaging with his dispatch software for ease.
With the same thought, Jack Dorsey approached the company named Odeo. After successful talks and some work, in 2006 Twitter was launched successfully with the first tweet done by Jack Dorsey stating “just setting up my Twitter.
In the year 2010, Jack Dorsey co-founded a small business platform that accounts for debit and credit card payments on a mobile device named Square now changed to Block. Jack Dorsey serves as the CEO of Square. In 2021, the name Square was changed to Block to show interest in Blockchain. The former CEO also stepped down from the Twitter board on May 25, 2022. It was noted that Jack Dorsey had planned to leave the board when he chose to step down from the CEO position, however, the company mentioned in a statement that Dorsey would be staying on the board “until his term expires at the 2022 meeting of stockholders.”
Noah Glass
Noah Glass – Co-founder of Twitter
The American Technology Entrepreneur Noah Glass is one of the co-founders of Twitter. He was the co-founder of a failed company called Odeo.
Odeo was a podcasting company that failed after a few years of work and somehow gave rise to what we call today Twitter.
Noah Glass was known to work on multiple projects before founding a podcast company. He was known to work at Industrial Light and Magic. He left work from there to join and co-work with Marc Canter.
Marc Canter was the founder of Macromind. After that, Noah Glass developed an application named AudBlog which earned a partnership with Evan Williams. Together they created the podcasting company named Odeo.
In 2006, while working on Odeo and its failing future, the basic idea for Twitter was invented.
Noah Glass is highly acknowledged for giving the name “Twitter” to the newly developed platform with an abbreviated name “Twttr”. Noah Glass is considered a forgotten Twitter co-founder who gave a few essential core features and ideas in the development of the platform.
Biz Stone
Biz Stone – Co-founder of Twitter
Co-founder of Twitter named Christopher Isaac “Biz” Stone was born on March 10, 1974. Biz Stone completed his graduation from Wellesley High School in Wellesley, Massachusetts. He then attended Northeastern University and the University of Massachusetts Boston but without getting a degree at both place.
In the year 1999- 2001, Biz Stone was recorded to serve as a creative director at Xanga. For the year 2003-2005, Biz Stone was given the title of senior leadership at Google. In 2006, Biz Stone rolled out Twitter along with other co-founders and holds a patent to Twitter.
In the year 2014, Biz Stone launched a new search engine named Jelly. Jelly was a search engine driven by factors of visual imagery and discovery. Stone served as CEO of Jelly till the time it was acquired by Pinterest. In 2017, Biz Stone showed intention to return to Twitter.
A few Awards and Recognition of Biz Stone would include:
International Center for Journalists Innovation Award
Listed as One of the 100 Most Influential People in the World by Time
Nerd of the Year by GQ
Innovation Award by The Economist
Evan Williams
Evan Williams – Co-founder of Twitter
The fourth Co-founder of Twitter Evan Williams was born on March 31 1972 in Clarks, Nebraska. He went to attend the University of Nebraska–Lincoln for just one and a half years and left with no degree. Evan Clark Williams went out to work at different technology jobs after leaving college. He went to places like Florida, Texas, etc before returning to his family farm.
In 1996, Evan Williams went on to work at O’Reilly Media in a marketing position. Further, in the same firm, he got the promotion to work as an independent contractor writing computer code. This opportunity gave him the chance to work as a freelance coder and he took happily to work at different popular companies such as Intel and Hewlett-Packard.
While working at O’Reilly Media, Evan Williams started his website to post his thoughts. In the year 1999, Evan Williams along with Meg Hourihan co-founded an initial blogging software named Pyra Labs. In 2005, Evan Williams along with Noah Glass went on to co-found a podcast company named Odeo. In 2006, Evan Williams along with other co-founders gave rise to social media platform named Twitter. In 2012, Evan Williams led to the launch of a publishing platform named Medium.
A few Awards and Recognition for Evan Williams are:
In 2003, Evan Williams was given the recognition of MIT Technology Review TR100 as one of the top 100 innovators of the World under the age of 35.
In 2004, he received the Recognition of “People of the Year” by PC Magazine.
Twitter consists of 7000+ Tweeps (July 2022). Twitter employees are given the special tag “Tweep”. Just the way messages posted on Twitter are called tweets, the person working for Twitter is termed a Tweep. The journey that Twitter is remarkable indeed. Looking back at the initial days, Twitter only had 8 employees back in January 2008.
Here’s checking out the gradual expansion of the Twitter workforce:
Twitter is one of the successful platforms for now. However, the origin of Twitter lies in the ashes of another failed startup. The idea behind starting an instant messaging platform was taken from Jack Dorsey. And the name for the platform was given by Noah Glass.
When Jack Dorsey was pursuing his bachelor’s at NYU, he proposed the idea of a person using an SMS service to connect with a small group. The service’s initial project code name was twttr, another variant of the term twitter, an idea credited to Noah Glass and inspired by Flickr and the five-character length of American SMS shortcodes. The choice was also affected by the fact that the URL twitter.com had been in use when twttr was launched, and it took the team 6 months to acquire the site and convert the company’s name to Twitter.
The year 2007 was a watershed moment for Twitter’s evolution. During the episode, Twitter traffic increased from 20,000 to 60,000 tweets per day. Twitter began rolling out “New Twitter” in September and October 2010, a totally overhauled version of the site.
The possibility to see videos and pictures without exiting Twitter by tapping on individual tweets that contain links to photographs and videos from a wide range of supported websites such as YouTube and Flickr, as well as a total revamp of the interface that moved links such as ‘@mentions’ and ‘Retweets’ above the Twitter stream, while ‘Messages’ and ‘Log Out’ became accessible via a black bar at the top of twitter.com.
Twitter – Acquisition by Elon Musk
Elon Musk – CEO of Twitter
Elon Musk, the world’s richest man, who is a prominent global entrepreneur, declared on April 4, 2022, that he had acquired 9.1% stakes in Twitter for $2.64 billion. As a consequence, Twitter’s shares rose as high as 27%, marking the largest day rise since the firm’s Offering in the year 2013.
Elon was granted a seat on Twitter’s management board committee as part of a contract that prohibited him from owning more than 14.9% stakes in the corporation, but he refused before his participation went into effect on April 9.
On April 14, Musk made an unexpected bid to buy Twitter for $43 billion and make it private, claiming that he stood for the value of free expression for global democracy. On April 15, Twitter’s board of directors approved a tactic that would enable shareholders to buy additional shares in the case of a truculent takeover, preventing Musk’s invasion.
On April 20, Musk got $46.5 billion in a deal offer to buy Twitter. On April 25, it was reported that Twitter was preparing to approve Musk’s bid, and the board members officially authorized the deal, which became $44 bn shortly after on the same day.
Musk has stated that his first goal in promoting openness is to open-source the system that promotes tweets in the content stream. He has indicated that he intends to eliminate spambots and verify all legitimate people. However, the deal was still on hold, as per May 2022 reports. Twitter had declared that it was facing recurring challenges with spam and fake accounts soon after Elon Musk thought it fit to acquire the platform. This is what Twitter is investigating currently, where it is checking whether the existing spam/fake accounts represent less than 5% of Twitter’s users. On the other hand, Musk was still reported to be “committed to acquisition.” As per the reports dated June 9th, 2022, Elon Musk has threatened the social media giant to blow up the deal over the bot issue. Soon after this, reports mentioned that a Twitter stakeholder wanted a judge to order the microblogging site to turn over internal papers that would prove the existing spam and fake accounts on Twitter. The Twitter acquisition deal of Elon Musk worth $44 bn had been unanimously approved by the Twitter board on June 21, 2022. However, along with it, there were uncertainties about whether that will happen because Twitter share prices have dipped far below Musk’s offered price. Besides, Musk had also mentioned some unresolved issues concerning the debt and the spam and fake Twitter accounts, which he had doubted that they were not less than 5% of the monetisable daily active users.
Elon Musk had then decided to abandon the Twitter acquisition, as mentioned in reports dated July 9, 2022. Twitter, in return, then mentioned that it will sue Musk and is determined to see the deal go through, by hook or by crook. Also, by the mutual agreement between the two parties, both Musk and Twitter agreed to impose a fine on either of the parties if they chose to back out from the deal. This stood valid, in case Musk decides finally to terminate the deal. He did back out from the deal, and eventually, Twitter sued him in the Court of Chancery, Delaware. The case was presided over by Kathaleen McCormick as the chief judge, who asked to complete the deal by force, thereby standing by Twitter. Now, the deal can either be completed or pushed further. The legal battle in this colossal acquisition deal is already at its climax!
Twitter proposed that it would conduct a meeting of the shareholders on September 13, 2022, and would vote on the proposed $44 billion takeover of the social media company by billionaire Elon Musk. At this meeting, Twitter would also have shareholders vote on the approval of the compensation that Twitter would extend to some of its executive officers.
On October 3, Musk’s legal team informed Twitter that he was ready to complete his planned acquisition deal at the original price offer of $54.20 per share, a total cost of nearly $44 billion, reversing a months-long attempt to end the agreement.
On October 27, Elon Musk finally closed the deal to acquire Twitter, becoming the new owner of the social media giant. Immediately after the takeover, he fired top executives of the company, including Parag Agrawal (CEO), Ned Segal (CFO), and Vijaya Gadde (legal affairs and policy chief).
As a part of the many changes coming after the acquisition, Musk recently announced that Twitter will charge users $8 per month for a blue tick on Twitter. This decision has been criticised by many users, but Musk does not seem to have any plans to take it back.
Twitter’s mission statement says, “The mission we serve as Twitter, Inc. is to give everyone the power to create and share ideas and information instantly without barriers. Our business and revenue will always follow that mission in ways that improve – and do not detract from – a free and global conversation.”
Vision- “To be the world’s most diverse and inclusive company”.
Twitter – Name, Tagline, and Logo
Name
The initial meaning of the name Twitter means “a short burst of inconsequential information” or “chirps from birds”.
The initial thought for the name was “status”. However, after going through the Dictionary, Jack Dorsey came across the name Twitter and instantly liked its definition. As he felt, the definition of the word is what they were doing. However, the domain under the name Twitter was not available for purchase and they have to go with its abbreviated version.
After six months of launch, the domain name Twitter was purchased and the platform was renamed. The credit behind naming Twttr and Twitter goes to Noah Glass.
Tagline
Discover what’s happening right now, anywhere in the world.
Logo
Twitter Logo
The original name of the Twitter Bird is “Larry The Bird”. The bird was named after the basketball player Larry Bird. Biz Stone can be said as the major reason behind selecting the logo for Twitter. He studied at a school outside Boston and hence had the same craze for basketball players who won three NBA championships for three years from 1981-to 1986. In the year 2012, the bird was given a haircut and started resembling a mountain bird.
The current logo of Twitter consists of a blue-coloured bird on white background with no text attached to it.
Twitter – Business Model
The business model of Twitter is a platform business model. A platform business model can be defined as a business model that creates value by facilitating exchanges between two or more two people and groups of people, especially in the case of consumers and producers. The majority of social media works on the same platform.
Twitter has the same working pattern as other social media platforms. The user needs to register with a username and password for the use of Twitter. Unregistered users can also use Twitter but only to read tweets. Only registered users are allowed to tweet on its platform. A registered user can share text with 280 characters or a video of 140 seconds with a size ranging not more than 1 GB.
Twitter allows its users multiple benefits such as the user can make their thoughts reach a global audience. The advertisement done on it can also reach a large audience. The data partners can easily search and navigate information from Twitter to create insights.
Twitter currently generates revenue primarily through ad campaigns and data licensing. Twitter is continuing to expand its current income streams while also experimenting with new potential revenue streams from users and companies. The firm believes that its revenue channels may continue to develop at a quick pace, and it plans to double its revenues in 2022.
Twitter’s business model is created in a way that allows advantages to its users, advertisers, and data partners.
Twitter – Revenue Model
Twitter Revenue Worldwide from 2010 to 2021
The annual revenue of Twitter for FY2021 was noted to be $5.77 billion. There was a whopping increment of 36.63% in revenue from the year 2020.
The Twitter revenue model helps the social media giant generate revenue in two ways –
Data licensing accounts for around 14% of Twitter’s income. In 2020, this will account for around $509 million, up from 9.2% in 2019. Subscriptions to public data are sold to organisations and developers under this income stream. The information gives both historic and current insights into user demographics and platform trends.
The majority of Twitter’s revenue comes from advertising. Advertising accounts for over 86% of the company’s revenue. Promoted Ads, Follower Ads, and Trend Takeovers are examples of advertising. On the stream, all adverts are always labelled “Promoted.” Advertisers buy Promoted Ads to get their product or service in front of a larger audience of Twitter users. Follower Ads propose new Twitter accounts for you to follow based on your interests, so you’ll see Promoted Ads from people you follow. Trend Takeovers place advertisements next to trending issues to generate views based on what is most trendy and interesting on Twitter. The cost of Twitter advertisements varies. A sponsored tweet might cost somewhere between $0.50 and $2 for every action, while a promoted account can cost anywhere between $2 and $4 per new follower. Promoted trends may cost up to $200,000 per day if they are linked with the most popular subjects on Twitter.
Twitter – Funding and Investors
Twitter has raised a total of $12.9 billion in funding over 15 rounds.
Date
Transaction Name
Money Raised
Lead Investors
June 1, 2022
Post-IPO Equity
–
Greenlight Capital
May 4, 2022
Post-IPO Equity
$7.2B
–
Mar 4, 2022
Post-IPO Equity
$2.9B
Elon Musk Revocable Trust
Mar 1, 2021
Secondary Market
$1.3B
–
Dec 20, 2011
Venture Round
$300M
Alwaleed Bin Talal
Sep 8, 2011
Secondary Market
$400M
–
Aug 2, 2011
Series G
$400
DST Global
Feb 9, 2011
Secondary Market
$80M
–
Dec 15, 2010
Series F
$200M
Kleiner Perkins
Jan 8, 2010
Series E
$5.2M
–
Twitter – Investments
Twitter has made 10 investments throughout the years. Here’s looking at them below:
Date
Organization Name
Round
Amount
Feb 8, 2022
OpenNode
Series A
$20M
Jan 11, 2022
Aleph Holding
Corporate Round
–
Oct 7, 2021
Alter
Seed Round
$3M
Apr 8, 2021
ShareChat
Series E
$502M
Sep 24, 2020
ShareChat
Series E
$40M
Sep 2, 2020
Skillz
Post-IPO-Equity
$159M
Aug 15, 2019
ShareChat
Series D
$100M
June 2, 2017
PlaySight Interactive
Series C
$11M
Oct 1, 2014
MIT Media Lab
Grant
$10M
Oct 18, 2010
Overdrive
Private Equity Round
–
Twitter – Acquisitions
Twitter has acquired about 67 organizations. Here’s a glance at the most recent acquisitions made by Twitter:
Acquiree Name
About Acquiree
Date
Amount
OpenBack
OpenBack offers a push notification platform designed to deliver personalized notifications in order to increase engagement.
Apr 12, 2022
–
Quill
Quill is a computer software company that provides a messaging software built for productivity, not engagement.
Dec 7, 2021
–
Threader
Compile your favorite Twitter threads in one place
Nov 15, 2021
–
Sphere (Acquired by Twitter)
Now part of Twitter! Sphere is a community chat app turns groups into close, vibrant, purposeful and productive communities, instantly!
Oct 19, 2021
–
Brief
Brief is to foster healthy discourse by rethinking the way we read the news.
Jul 28, 2021
–
Scroll
Scroll is creating a sustainable experience that puts amazing content in front of engaged users without all the noise.
May 4, 2021
–
Reshuffle
Reshuffle is an open source integration framework that lets developers build workflows & connect systems.
Mar 24, 2021
–
Revue
Revue is a developer of an editorial newsletter tool designed to build a direct relationship with the readers.
Jan 26, 2021
–
UENO.
UENO is an operator of a digital design agency that specializes in designing and building products, brands, and experiences.
Jan 6, 2021
–
Breaker
Breaker is an audio company that develops a podcast listening and discovery application.
Jan 4, 2021
–
Twitter enjoys 237.8 million monetizable DAU (Q2 2022). Twitter measures its user base by the metric called monetizable daily active users (mDAU). monetizable daily active users (mDAU) is defined as the total number of user accounts that were logged in and accessed Twitter on any given day.
If you’ve used Twitter for a long time, you must be well aware that not everybody has noble motives. Sadly, whether you’re a regular citizen or a well-known personality, many users face a deluge of hate in their comments daily.
Twitter has made efforts to combat abuse, to be sure. Users can, for example, filter the mention that they see. Furthermore, in 2021, Twitter launched “Safety Mode,” which allows you to temporarily ban profiles that use abusive language or post inappropriate comments.
Nonetheless, there is indeed a considerable distance to cover until harassment and bullying are no longer prevalent on the platform. Agrawal, the CEO of Twitter said that his main focus will be to combat this problem. On Twitter, misinformation spreads rapidly, and preventing this requires a collaborative effort from both the company and its users.
Twitter is yet one of the most trendy and popular social media platforms in today’s world. However, in recent years, it has experienced stiff competition from apps like TikTok. While it has initiated several advancements, it also needs to look beyond the box.
The firm still has a sizable customer base and a valuable offering. However, Twitter’s income increased by just 7% in 2020, to $3.7 billion. This amounted to $26 million in operational profit. COVID-19 undoubtedly contributed to Twitter’s profits, but others may claim that the network has done very little development in an intensely challenging social media world.
Twitter, ever since the social media platform has been founded, has witnessed its own share of challenges and mishaps. Twitter was down on Friday, February 11, 2022, due to a global outage. This was really a piece of big news, which prevented thousands of Twitter users from accessing their accounts.
The Twitter accounts of Elon Musk, Bill Gates, and Barrack Obama, were hacked in a cryptocurrency scam. Late on Wednesday, July 15, 2020, there were irrelevant Tweets about cryptocurrency by Famous twitter personalities. This left some users baffled.
It turned out that the Twitter accounts of these personalities were compromised. However, users soon realized that it wasn’t just these accounts, but the Twitter accounts of Jeff Bezos, Kayne West, and many famous personalities were also compromised. While these types of scams are fairly common the question that arose was how these hackers gained access to high-profile Twitter accounts.
Nearly two hours after the hack, Twitter locked down and prevented at least some verified accounts from posting any tweets. After their first tweets were deleted the same bitcoin scam tweets were made again from the official accounts of Bill Gates, Obama, and high-profile personalities.
Twitter’s Response to the Hack
We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools, said Twitter support.
Twitter Layoffs
While Twitter was upset about its shareholding pattern, hardly could anticipate its acquisition, and then nodded for the same, but was in trouble with its spam and fake accounts, the popular Twitter social media platform parted with 30% of its recruiting workforce, which was less than 100 employees, as far as reports go, dated July 7, 2022.
Just a week after the company’s takeover by Elon Musk, Twitter laid off 3,700 people, which accounts for nearly 50% of its workforce.
Twitter – Competitors
Twitter has several Competitors in the same industry but all with different features. Some of them are:
Facebook is an American online social media and social networking Service owned by Meta Platforms, formerly known as Facebook. Facebook was founded by Mark Zuckerberg in 2004. Facebook enjoys 2.85 million active users per month (31 March 2021).
Pinterest
Pinterest is an image-sharing and social media service platform headquartered in San Francisco. It was invented in 2009 by Paul Sciarra, Evan Sharp, and Ben Silbermann. Pinterest is an image discovery tool mainly consisting of pins and boards. Pinterest currently enjoys 431 million active users globally (February 2022).
Snapchat
Snapchat is an American multimedia instant messaging app. It was introduced by Snap Inc in the year 2011. Snapchat is more popular for its ability to share images and videos with the addition of filters. Snapchat enjoys active users of about 319 users per year (2021).
Twitter – Future Plans
Twitter has more activity than any other social media platform right now. A few months ago, the microblogging site famed for its 280-character restriction attempted to relaunch itself with a slew of new features while maintaining its distinguishing qualities.
Twitter has also shown social responsibility by installing powerful measures to keep fake news and hate speech out of its virtual debates, with even former US President Donald Trump being banned.
Twitter is continually improving while also introducing new features like Spaces and Super Follows. When it comes to advertising, Twitter will be pushing performance marketing ahead in a big way. The company also wants to increase the number of technologies and marketing alternatives available to both major brands and small and medium enterprises.
Twitter wants to double the number of its active users till the time of 2023. The Twitter team wants Twitter as a safe platform where people can easily share their thoughts without the worry of backlash or similar uncertainty. Twitter also plans to expand its marketing performance with better innovation and ad creation.
Twitter plans to increase its daily users to 315 million users and the revenue to be at least $7.5 billion by the year 2023. Twitter plans to launch new features for more users to gain its attention.
After acquiring Twitter, Elon Musk is taking drastic actions for the company, like mass layoffs and implementing a charge for a blue-tick verification mark. Now, only time will tell what other future plans Musk has for Twitter.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Intas Pharmaceuticals Limited.
Pharmaceuticals are known to treat illnesses since time immemorial. In the early days, the treatments were very different than the ones we have right now. Today, new methods of development and innovative minds have made the pharmaceutical industry a million-dollar global industry.
Pharmaceutical manufacturing companies help boost the economy of the country. It has also greatly contributed to the ecosystem on a global level.
Intas Pharmaceuticals Limited is one such private pharmaceutical manufacturing company that is engaged in the formulation, manufacturing, and marketing of pharmaceuticals with its headquarters in Ahmedabad, Gujarat.
Uncover all the details of Instas Pharmaceuticals’s successful journey. Know about its founder, its key products, its business model, revenue, funding and investors, and so on.
Intas Pharmaceuticals Limited – Company Highlights
Founded in 1977, one of the top international firms for the creation, production, and marketing of pharmaceutical formulations is Intas Pharmaceuticals. It is the largest privately held Indian generic pharma firm and is now rated ninth in the Indian pharmaceutical industry. Intas has established itself as a pioneer in India’s CNS, Cardio, Diabeto, Gastro, Urology, and Oncology therapeutic areas. It is renowned for its variety of products in the US and EU hospital-based therapeutic areas.
The company claims that over the last five years, it has grown at a rate of roughly 25.5% CAGR, and in the most recent fiscal year, it surpassed the $1.9 billion threshold.
13 of the company’s 19 production sites are located in India, 5 are in the United Kingdom, and 1 is in Mexico. Intas Pharmaceuticals has established a new production facility in Bavla, close to Ahmedabad, called PHARMEZ, with the ability to produce and export more than 1 billion solid doses and 5 million injectables.
Under the name Accord Healthcare, Intas has established a network of subsidiaries throughout the EU, US, Canada, SA, Australia, APAC, CIS, and MENA.
A commitment to delivering inexpensive biosimilars for billions across specialized categories including cancer, auto-immunity, ophthalmology, nephrology, rheumatology, and hormone-based medicines drives Intas’ highly developed EU-GMP Certified Biopharma division.
Intas Pharmaceuticals Limited – Industry Details
According to reports, the Indian pharma industry has witnessed a growth of 103% since 2014. The high economic growth is pushing the expenditure on healthcare and medicine. The reports say the industry will be around $50 billion by 2025.
Intas Pharmaceuticals Limited – Founder
Intas Pharmaceuticals is founded by Hasmukh Chudgar in 1977.
Hasmukh Chudgar
Hasmukh Chudgar graduated from Gujarat University with a degree in pharmacy. He is presently the Chairman of the company. Hasmukh’s sons Binish, Nimish, and Urmish operate the company’s day-to-day management. Intas’s business has expanded under Hasmukh Chudgar’s direction both organically and via mergers and acquisitions. It is present in many treatment domains, including cardiovascular, diabetes, gynecology, respiratory care, and gastrointestinal.
Hasmukh Chudgar is known for his low-profile image and has over six decades of experience in the pharma industry. The estimated net worth of his and his family is $6.5 billion.
Binish Chudgar
Binish Chudgar is the Vice-Chairman and Managing Director of Intas Pharmaceuticals Limited and its subsidiary Accord Healthcare. He gained his MBA degree in Accounting and Finance from the SP Jain Institute of Management and Research. Mr. Chudgar is the man behind the company’s strategic growth and finance. He has played a key role in building Intas a “future-ready” organization since he is constantly considering “what next.”
Intas Pharmaceuticals Limited – Startup Story
The company was started around 1977 and incorporated in 1985. In the initial days, Intas Pharma had a slow beginning. Still, it gradually started to pick up the pace with its strategic planning and taking initiatives in the chronic therapeutic business, including neurology and psychiatry. Much after a few years, the company’s entry into the field of cancer, which has given it a significant footing in global markets, was a major break. The strength of Intas is its aptitude for seeing markets before rivals. In cancer and subsequently, infertility, it was successful in achieving this. The acquisitions with multinational companies especially in UK and Ireland, the company made a position for itself in the European market.
Intas Pharmaceuticals Limited – Mission and Vision
The mission statement of Intas is, “Contributing to better healthcare through innovation. Maximizing value for our stakeholders and customers.”
Intas Pharmaceuticals’s Vision is, “To continually set new benchmarks in global healthcare with the power of human expertise, innovative research, and advanced technology.”
Intas Pharmaceuticals Limited – Name, Tagline, Logo
The tagline of Intas Pharmaceuticals is, “Expressions for a Healthy Life”
Intas Pharmaceuticals Limited – Business & Revenue Model
Intas Pharmaceutical can be said to have a diversified business model. The company also has aB2B platform by acting as an active pharmaceutical licensor by supplying 140+ different finished products to 90+ partners in more than 50 countries. It operates as a vertically integrated global pharmaceutical formulation development, manufacturing, and marketing company.
Intas has set up its subsidiary, Accord Healthcare to operate in global markets. With a strong sales, marketing, and distribution infrastructure in regions including North America, Europe, Central & Latin America, Asia-Pacific, CIS, and MENA nations, it is presently active in more than 85 countries globally.
The company has a sizable prescriber base with comprehensive coverage of important specialties like neurologists, psychiatrists, cardiologists, diabetologists, consulting physicians, urologists, nephrologists, & oncologists. More than 2,50,000 medical professionals and 1,50,000 retail locations are serviced by a dedicated team of 6,000+ sales representatives in metro, semi-urban, and rural markets.
Here’s a brief about Intas’ Domestic & International business units and how it generates its revenue:
India
Intas, one of the fastest-growing Indian pharmaceutical giants, is now placed seventh in the Indian pharmaceutical industry, with a 3.1% market share. Intas has been routinely exceeding the Indian market with 15% growth thanks to a sustainable business plan. For an increased focus on brand development, its 8 Strategic Business Units use a multidivisional model with more than 40 marketing divisions that serve different treatment areas. Neurology, psychiatry, and cardiovascular therapies account for 50% of Intas’ total domestic revenue.
EMENA
Intas entered the top 3 players in the UK and Ireland generics market in 2016 by acquiring Actavis’ UK and Ireland business. Intas has 8,500+ products registered in the European market.
USA
Intas’ US operations, which have their headquarters in Durham, North Carolina, are currently bringing in about $350 million in revenue. Intas has continued to develop and enhance its rating year after year despite competition from lower prices and a consolidated client base.
Other Emerging Markets
With a diversified business model, Intas has its business operations present in Emerging markets in more than 20 countries including Brazil, South Africa, Mexico, and Australia. It is reported that Intas’s sustainable business model helped achieve a 20% CAGR growth rate. Brazil contributed around 36% of its revenue, Mexico – 25%, South Arica – 15%, Asia – 10%, Australia and New Zealand – 7%, and other countries & Peru – 4%.
Intas Pharmaceuticals Limited – Funding and Investors
Throughout 4 rounds, Intas Pharmaceuticals has raised a total of $306.5M in investment. On June 2, 2020, they received their most recent round of investment from the secondary market. Two investors are funding Intas Pharmaceuticals. The most recent investors are Capital Group and Chrys Capital.
Date
Acquiree name
January 19, 2018
Bio-Pharm
August 1, 2016
Glochem – manufacturing unit
May 5, 2015
ZYG Pharma
December 13, 2013
Elder Pharmaceuticals
June 27, 2005
Excella GmbH
Intas Pharmaceuticals Limited – Mergers and Acquisitions
Two businesses have been bought by Intas Pharmaceuticals. Actavis Ireland Ltd. was their most recent purchase, made on October 6, 2016.
The second acquisition was made on October 5, 2016, when Intas Pharmaceuticals acquired Actavis UK Ltd., a UK-based supplier of generic pharmaceuticals. The amount details are undisclosed.
There are reports that Intas’s subsidiary, Accord Healthcare had acquired a company. Sanofi’s Fawdon factory in the UK was reopened in 2018 by Accord Healthcare to produce generic effervescent drugs. After Sanofi shuttered the operation, the factory was bought in 2015. Alongside, Harrow, Barnstaple, Haverhill, and Didcot, this is Accord’s sixth manufacturing facility in the nation.
Intas Pharmaceuticals Limited – Partnership
A new therapeutic option for prostate cancer patients in Europe is now available thanks to an exclusive licensing deal that Intas Pharmaceuticals Ltd’s subsidiary, Accord Healthcare Ltd, has signed with UK-based biotech company Myovant Sciences.
Through this partnership, the treatment of advanced hormone-sensitive prostate cancer under the brand Orgovyx (relugolix, 120 mg) will be available in the European Economic Area, the UK, Switzerland, and Turkey. As per the deal, Myovant Sciences will receive a total payment of $90.5 million. Intas-arm Accord will be in charge of regional commercialization and local clinical development, and it has the option to produce relugolix in the future.
In 2020, Intas Pharmaceuticals was accused of selling diabetes medications without first getting the National Pharmaceutical Pricing Authority pricing clearance.
Intas Pharmaceuticals Limited – Awards and Achievements
Here is the list of awards won by Intas Pharmaceuticals are:
Intas Pharma won the EY Entrepreneur of the Year award – in 2018
Intas Pharma has received ‘Express Pharma Excellence Awards 2019
Intas has won ‘Global Generics & Biosimilars Awards 2018’ – Biosimilar Initiative of the Year
Intas has won ‘Global Generics & Biosimilars Awards 2018’ – Company of the Year
Intas has won ‘Global Generics & Biosimilars Awards 2018’ – Company of the Year Asia-Pacific
Intas has won Gold & Silver Awards for ‘New Introduction of the Year’ at AWACS Awards in Marketing Excellence for its Rejunex CD3 product
Intas Pharmaceuticals is planning to acquire Athenex Inc in a $200-$250 million deal. Intas Pharmaceutical is competing with Dr. Reddy’s Laboratories, as the company is also planning to acquire Athenex. Athenex is a US-based global biopharmaceutical company, that plans to sell a majority of its stake.
FAQs
Who is the CEO of Intas Pharmaceuticals?
Nimish Chudgar is the CEO of Intas Pharmaceuticals.
Is Intas Pharmaceuticals an MNC?
Yes, Intas in an MNC.
What is the rank of Intas in the Indian market?
Intas currently ranked as the 10th biggest pharma company in India.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Mankind Pharma Limited.
One of the most thriving industries of today is pharmaceuticals. This industry can be said to be one of the biggest industries that yield effective solutions for the countless health disorders we have in the world these days.
Pharmaceutical manufacturing is a booming business and stands out as one of the important domains in the world of medicine and drugs.
One such giant pharmaceutical company in India is Mankind Pharma, whose products have crossed the borders of India and have obtained quite a popularity. Mankind Pharma was founded in 1995 by Ramesh C. Juneja and Rajeev Juneja, with its main office located in New Delhi. The company also has a wide spectrum of products in the OTC and FMCG sector, apart from the pharmacy.
Mankind Pharma is an Indian global pharma company that offers therapeutic goods in a variety of categories, including antibiotics, gastrointestinal, cardiovascular, dermal, and erectile dysfunction drugs. They span industrial fields including labs, medicines, and medical research.
The company has three major brands; Manforce, Prega News, and Gas-O-Fast.
Mankind is India’s fourth-largest pharmaceutical company by domestic sales. It mostly focuses on delivering quality products at affordable prices and maintains a record of building and scaling brands in-house. Around 34 foreign countries in Asia, Africa, South-East Asia, the Gulf of Mexico, and the CIS is where Mankind conducts its business.
The pharma has three R&D centers located in IMT Manesar, Gurugram, and Haryana.
Mankind Pharma – Industry details
The Pharma industry is probably one of the crucial industries to enhance the quality of our life. Today, the Indian Pharmaceutical industry is estimated to be worth $42 billion worldwide.
Mankind Pharma – Founder
Mankind Pharma is founded by two brothers Ramesh C. Juneja and Rajeev Juneja in 1995.
Ramesh C. Juneja
Ramesh. C. Juneja has honorable positions in several Indian pharmaceutical organizations. He is currently the Chairperson of Mankind Pharma. Ramesh C. Juneja began his career in 1974 with KeePharma Ltd. as a medical representative after earning his degree in science. He started working for Lupin Limited in 1975 and held the position of first-line manager for about 8 years. Ramesh C. Juneja serves as the head of the Himachal Pradesh-UK State Board for the Indian Drug Manufacturers Association and the Federation of Pharma Entrepreneurs (FOPE).
Network 18 presented Ramesh C. Juneja with the Business Icon Pharma Award in 2011. He was also one of the four business titans nominated for the 2012 Asia Business Leadership Award and the 5th Annual Pharmaceutical Leadership Summit’s “Business Leader of the Year Award.” According to Forbes‘ list of the Top 100 Richest Indians, Ramesh C. Juneja is one of the richest Indians in September 2013.
Rajeev Juneja
Rajeev Juneja co-founded Mankind Pharma Limited along with his brother Ramesh C. Juneja. Presently, Rajeev Juneja serves as the Vice-Chairman of the company. He dropped out of college to work in several pharmaceutical sectors before founding Mankind Pharma. Rajeev Juneja is the organization’s main motivator and the reason for its success. He provides Mankind Pharma with a competitive edge with his understanding of every facet of marketing. Rajeev’s goal is to make Mankind Pharma one of the top three businesses with a significant market share in the OTC and FMCG sectors.
Mankind Pharma – Startup Story
Mankind Pharma was officially formed in 1991 but eventually started its business operations in 1995. In the initial days, Mankind Pharma had raised just Rs 50 lakhs through seed funding.
In the 2000s, Mankind Pharma produced many breakthrough pharma products. In 2004, it launched the ‘Amlokind’ tablets and ‘Glimestar’ tablets. The following year, it opened its first manufacturing facility at Paonta, Himachal Pradesh.
The medicine Dydrogesterone, also known by the brand name Dydroboon and used in high-risk pregnancies, was developed and released by Mankind in 2019, making it the first Indian business to do so and the second in the world overall.
Mankind now employs over 14,000 people and aims toward $1 billion in sales.
Mankind Pharma – Mission and Vision
The vision of Mankind Pharma is, “To be a global pharmaceutical company, most admired for its Affordability, Quality, and Accessibility of products.”
Mankind Pharma’s mission statement reads, “To be able to provide cost-effective, innovation-based superior quality pharmaceutical products across the globe, to improve the lives of the patients.”
Mankind Pharma strongly believes in and follows its seven Core Values:
Customer Centricity
Quality
Innovation
Integrity
Go Beyond
People Development and Collaboration
Mankind Pharma – Business & Revenue Model
Mankind Pharma’s business operations mostly involve manufacturing APIs, Therapeutics categories like dermal, antibiotics, cardiovascular, anti-diabetics, vitamins, minerals, nutrients, and other generic medications. Along with the three main R&D centers, Mankind has two additional R&D centers, which are managed by its non-wholly owned subsidiaries. This includes its COPMED Research Centre in Dehradun, Uttrakhand, and Mediforce Research Centre at Paonta Sahib, Himachal Pradesh.
Mankind Pharma’s business includes producing several differentiated brands of condoms, oral contraceptives, antacids, pregnancy detection, anti-acne gels and creams, and vitamin and mineral supplements.
Mankind generates its main source of revenue by selling its following brands, which are also some of its highest-selling pharmaceutical brands. These are:
Dydroboon
Manforce
Unwanted-Kit
Prega News
Nurokind-LC
Codistar
Telmikind
Cefakind
Mankind Pharma reports generating about 97% of its revenue through domestic sales. It also generates a good amount of income in the chronic therapeutic areas.
Mankind Pharma’s CSR activities
The company also operates by supporting many non-profit organizations that are engaged in education, healthcare facilities, social welfare, conservation of natural resources, and rural development.
Mankind Pharma – Funding and Investors
Over two rounds, Mankind Pharma has raised total funds of $239 million. On May 28, 2015, they received their most recent round of finance from the secondary market. Three investors have financed Mankind Pharma. Capital Group and Chrys Capital are its most recent investors. The company is also reported to have been funded by an American-based independent investment firm, HarbourVest Partners.
Date
Funding Round
Amount
Investors
May 28, 2015
Secondary Market
$215 million
Capital Group
April 30, 2007
Private Equity Round
$24 million
Chrys Capital
Mankind Pharma – Mergers and Acquisition
On February 1, 2022, Mankind Pharma bought Panacea Biotec Pharma’s Formulations division. For $19.1 billion, they purchased Panacea Biotec Pharma’s Formulations division.
Mankind Pharma – Investments
Until now, Mankind Pharma has made three investments. Leverage Edu raised $22 million on March 21, 2022, marking their most recent investment. Leverage Edu is a marketplace powered by AI that is intended to assist students with their objectives for further education and job advancement.
Date
Organization Name
Amount Invested
March 21, 2022
Leverage Edu
$22 million
January 19, 2022
Dogsee Chew
$500 million
August 11, 2021
Miko
$2.1 billion
Mankind Pharma – Advertisements and Social Media Campaigns
Mankind Pharma has always been a player in marketing its brand like no other company. The company has roped in several Bollywood stars to endorse its brands and reach a massive target audience.
In August 2021, Mankind Pharma launched a campaign to spread awareness about the essence of Covid vaccination. The campaign was called ‘Vaccinate My India’. The video shows a doctor holding a torch and further handing it over to other frontline workers like pharmacists, nurses, delivery agents, ambulance drivers, police, army officials, and every other person to highlight the message of vaccination to beat the virus.
Here is what Rajeev Juneja, the MD, and Vice-Chairperson of Mankind Pharma said regarding the campaign, “As the leaders in the pharmaceutical industry, our communication is always in alignment with the betterment and safety of our nation. With this campaign, we want to educate each and every citizen with regard to the importance of vaccination. Vaccinations are our only mode of protection from the deadly virus and we all must actively ensure to get as many people as possible vaccinated.”
Mankind Pharma – Awards and Achievements
Mankind Pharma has won several awards. Some of these awards are listed below: In 2022:
Best of Bharat Awards by exchange4media
Mankind won the Award for Branding and Excellence for the Strategic Initiative to introduce DMF Quality Drugs in India
In 2021:
Mankind received Silver Medal from National Awards for Manufacturing Competitiveness Assessment
Sliver Award for Good Health Brand
In 2018:
Mankind Pharma got the Best Condom Brand of the Year Award
Pharma OTC Company of the Year Award
In 2017:
Mankind Pharma received the Award for Best Design in Healthcare
Mankind Pharma – Competitors
The list of top competitors of Mankind Pharma are:
As per recent reports, Mankind Pharma has piled up many future plans. It is planning to enter the capital market by the end of 2022 with a target of a $1 billion IPO. Besides this, it is also aiming to launch more products in anti-diabetics and cardiovascular areas in the coming months. It also wants to focus on acquiring vaccine companies. Mankind Pharma wants to expand its operations beyond India, by establishing in the USA market with an ambition to achieve around Rs 600 crore annually.
FAQs
Who is the CEO of Mankind?
Sheetal Arora is the current CEO of Mankind.
Is Mankind Pharma a private company?
Mankind Pharma is a public unlisted company.
Where is the head office of Mankind Pharma?
Mankind Pharma has its head office in New Delhi.
What is the ranking of Mankind Pharma in the Indian pharmaceutical market?
Based on overall revenue, Mankind Pharma is India’s 10 largest pharma company.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by DTDC.
It feels amazing when you have your desired goods right at your doorstep. Due to the growth of privatization, we have many good courier service providers. A courier service differs from normal mail delivery services on the basis that it provides features such as security, tracking, and proof of delivery.
Today, courier services have become a crucial part of the services sector. A lot of businesses rely heavily on courier services across the world.
One of the most popular courier services in India is DTDC. Desk to Desk Courier & Cargo, commonly known as DTDC was founded in 1990 by Subhasish Chakraborty and has headquarters in Bangalore.
Read the article to get an understanding of DTDC’s success story.
DTDC, founded in 1990 and headquartered in Bengaluru, employs a field workforce of over 40,000 people across India through four zonal offices, 20 strategically situated regional offices, and over 570 operating sites.
DTDC Express Limited is India’s major provider of express package services. Through its strategic partnership with Europe’s DPD group, which is backed by Le Groupe La Poste – the French Postal organization, DTDC’s global network and reach offers end-to-end solutions for parcels with diversified offerings such as Express Domestic, International, Supply Chain Solutions, 3PL, Warehousing, E-commerce, E-Fulfilment, and Cross Border. Through its wide network of more than 11,000+ franchisees, DTDC Express Limited has a presence in more than 500 district headquarters and offers services to over 11,400+ Pin codes while handling more than 12.5 million packages every month.
DTDC is a strategic partner of the Dpd group (an international parcel delivery service provider).
It also has its own operations, joint ventures, and commercial associates, through which it occupies a large presence in the United States, the United Kingdom, Canada, the United Arab Emirates, Australia, China, Singapore, and other Asian nations.
DTDC – Industry Details
We are aware of the fact that the courier and freight industry is one of the booming industries today. As per reports, the global courier, express, and parcel (CEP) market is anticipated at a CAGR of 10% growth by 2027. This industry is witnessing major growth due to new and emerging players in the market.
DTDC – Founder and Team
DTDC is founded by Subhasish Chakraborty in 1990.
Subhasish Chakraborty
Subhasish Chakraborty
Subhasish Chakraborty was born into a middle-class family. He graduated from the University of Calcutta. During his graduation, Subhasish worked at Peerless Insurance. After working for almost six years at the insurance company, Subhashish decided to start his own business. That’s how DTDC was born. Subhashish became the first Indian to take over the UAE-based courier firm Eurostar Express in 2012. Presently, he is the Chairman and Managing Director of DTDC. He has been awarded the Inc. India’s Top 30 Innovative CEOs for the second consecutive time in January 2015. Besides this, Subhasish Chakraborty has also been commemorated as the Most Admired Leader at The Asian Brand Conclave for 2014-15.
Abhishek Chakraborty
Abhishek Chakraborty is the Executive Director of DTDC Express Limited. He got his bachelor’s degree in Engineering in Electronics & Communication from Visvesvaraya Technological University. In addition, Abhishek obtained his Master’s degree from the Indian Institute of Management. Before joining DTDC, Abhishek worked at Accenture as a Consultant. Abhishek Chakraborty has received ‘100 Emerging Voices of India – 2019’ issued by Yourstory. He has also achieved the
Young Business Leader of the Year award, which was issued by Zee Business in association with SAP India in October 2019.
DTDC – Startup Story
The idea of DTDC came into being when founder Subhasish Chakraborty realized during his tenure at the insurance company that there was a big gap between what postal services offered and what customers needed. This pushed him to start a courier service that would be customer-centric.
Initially, it was incorporated as a private company but later in 1994, it was converted into a Public Limited Company. In the 2000s, DTDC started its international expansion in the US, UK, and Dubai.
DTDC introduced Premium Express Products (PEP) portfolio in 2008.
After 32 years and over 10,000 sites worldwide, DTDC Express Limited has evolved from a local courier service to an international logistics organization.
In 2015, DTDC was rebranded to DTDC Express Limited. It also opened new up its first-ever automated hub facility in Hyderabad, followed by Delhi.
DTDC – Mission and Vision
The mission statement of DTDC is, “To be the Most Preferred Express Parcel Service Provider with a Special Consumer (2C) Focus.”
DTDC – Name, Tagline, Logo
DTDC goes around with its tagline, “Delivering Value”
DTDC was initially known as DTDC Courier & Cargo Limited. The name was changed to DTDC Express Limited in 2015.
DTDC – Business & Revenue Model
DTDC’s business model can be said to have a franchise-based business model. Its business is mostly about express package services across national and international borders. DTDC’s franchise-based business model system is to boost its partners with the requirements of capital, access to technology, strategy knowledge, and equipment.
The main source of revenue earned by DTDC is through the following services;
Cross Border Management
Cross Border management is not just limited to offering services across the globe but it is about using expert e-commerce research to connect all of the dots and link all of the supply chain elements at competitive costs. The company has a tailored set of logistical solutions that guarantee to take up its client business to new heights.
Integrated Technology Platform
DTDC offers single-window frameworks to all e-commerce websites for hosting customers’ products. Its excellent back-end software support enables effective inventory management, channel management, order management, vendor status updates, account reconciliation, and other services. The bespoke IT platform guarantees its clients’ connections are simple and painless, without sacrificing openness.
Multi-Vendor Management
For companies to manage e-tail distribution with several vendors might be one of the most difficult challenges in running a successful business. To make this process go as smoothly as possible, DTDC offers fulfillment centers and technology platforms that are interconnected with all of the key network partners. In this manner, there would be no gaps in reaching out to worldwide customers. It delivers to customers located anywhere in the world.
Warehousing and E-fulfilment services
DTDC along with parcel delivery services also offers warehousing and fulfillment services. Its fulfillment warehouses are designed to make order fulfillment operations run smoothly, from reception through product delivery. Its best-in-class warehouse management solutions are designed to ship thousands of orders of any size quickly and effectively.
Last Mile Delivery
DTDC is proud to hold India’s largest delivery network and is internationally recognized for providing best-in-class international package services. The technical basis of DTDC has been created to support smooth delivery and return handling. It has Cash On Delivery (COD) service, Next-day delivery, Managed Drop Ship, 3PL Management, and Reverse Logistics.
DTDC – Funds and Investments
Reliance ADAG has made investments in DTDC through a private equity round. The details of the amount have not been disclosed.
DTDC – Mergers, and Acquisition
DTDC acquired a Bangalore-based freight forwarding company Nikkos Logistics Pvt Ltd to enhance its freight presence globally – in 2013
DTDC acquired a majority stake in Eurostar Express of UAE – the first international acquisition by an Indian express company – in 2012
DTDC – Investments
On April 6, 2016, DTDC invested in Shipsy. A Gurgaon-based company, Shipsy’s platform offers data-driven decision-making for the Supply Chain sector, increasing visibility, and operational efficiency.
The investment by DTDC was through Seed Round at $1 million.
DTDC – Advertisements and Social Media Campaigns
In 2017, DTDC ran a campaign featuring former cricket captain ‘Sourav Ganguly’. The ad titled ‘Going Beyond the Parcels’ shows Sourav Ganguly giving a monologue about the different services and features of DTDC. The ad also shows how DTDC helps so many customers in the quest of sending and receiving goods to their desired destination.
DTDC – Awards and Achievements
Below is the list of awards and recognition achieved by DTDC:
DTDC has been recognized as the ‘BEST COMPANY TO WORK FOR’ – 2018 by Business Today
DTDC Express Limited was awarded National Award for Exemplary Position under the Express/Courier category at CII Scale Awards 2016.
DTDC Express Ltd has been recognized as one of Bengaluru’s ‘Hot 50 Brands’ in the 3rd edition of Bengaluru Brand Summit & Hot Brands, 2018
DTDC has been awarded the Best Franchisor Award for the 10th time in a row by Franchisee India.
DTDC’s Brand Campaign TVC “Going Beyond the Parcel” has been awarded the Best Corporate Film under the category “Best Corporate Film encompassing Vision, History, Values & Spirit of Excellence” presented by the International Management Film Festival and Times Ascent.
DTDC has been awarded the prestigious Most Admired Brand Award in Asia at The Asian Brand Conclave for 2014-15
DTDC is currently planning to go for IPO to raise an estimated sum of Rs 1000 crores. It is further planning to scale up its infrastructure to meet the rising demands of companies, especially in the healthcare sector. Here’s what Subhasish Chakraborty, MD, and Chairman of DTDC say about their plans, “To further enhance our services and streamline the operation to serve our customers better, we are building major logistic hubs across the country and expansion for greater business growth and delivering value to customers across length and breadth of the country”.
FAQs
Who is the CEO of DTDC?
Mr. Subhashish Chakraborty is the CEO of DTDC.
What is the full form of DTDC?
The full form of DTDC is, ‘Desk To Desk Courier & Cargo’
Is DTDC an Indian Company?
Yes, DTDC is an Indian company.
Where is the headquarter of DTDC?
The headquarter of DTDC is in Bangalore, Karnataka.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. Torrent Pharma has approved the content in this post.
Diseases and medications have been an essential part of our lives since the dawn of time. The human body has health issues, and with the fast-paced lifestyle today, it is increasing like anything. Heart problems, diabetes, and blood pressure are some of the common diseases in today’s world. These issues are on the rise, and so is the pharmaceutical industry.
Pharma industries have become an integral part of our lives. This particular industry has a huge social responsibility while creating pharma products. One such well-known company like Torrent Pharmaceuticals Ltd. deals mainly in manufacturing drugs for Cardiovascular, nervous system (CNS), gastrointestinal, diabetes, etc. It was founded in 1959 by Indian businessman Uttambhai Nathalal Mehta.
Get all the details we have covered about Torrent Pharmaceuticals in this article. Learn about Torrent Pharmaceuticals’s business strategy, its products, the startup story, funding and investors, and more.
Torrent Pharma, the flagship company of the Torrent Group, is one of the country’s leading pharmaceutical enterprises. As per records, it ranks eighth in the Indian Pharma Market and is in the top five in the therapeutic areas of Cardiovascular, Central Nervous System, Gastrointestinal, and Vitamins Minerals Nutritionals. Other than being present in these therapeutic areas, the company has a strong presence in diabetology, pain management, gynecology, cancer, and anti-infective industries.
Torrent Pharma has eight production sites, out of which 7 are in India and 1 in the United States, five of which are FDA-approved. It has invested heavily in R&D capabilities, with state-of-the-art R&D infrastructure employing over 700 scientists, as the backbone for its expansion in the local and international markets.
Today, the company has a presence in over 40 countries and is ranked first among Indian pharmaceutical companies in Brazil, Germany, and the Philippines.
Torrent Pharma – Company Highlights
Date
Funding Round
Fund Amount
Investors
January 7, 2021
Venture Round
₹5.6 billion
ADQ
November 9, 2020
Private Equity Round
₹11.3 billion
Goldman Sachs
July 31, 2020
Private Equity Round
₹2.3 billion
Tata Capital
January 6, 2020
Private Equity Round
₹5.4 billion
True North
Torrent Pharma – Industry details
The high rise of numerous diseases is resulting in the improvement of the healthcare sector these days. According to a report, the worldwide pharmaceutical manufacturing market is estimated to be worth $957.59 billion by 2028, which is growing at a CAGR of 11.34%.
Torrent Pharma – Founder
Uttambhai Nathalal Mehta is the founder of Torrent Group. Torrent Pharmaceuticals is the flagship company of the Torrent Group.
Uttambhai Nathalal Mehta
U.N Mehta was born in Mehmadpur, a tiny hamlet in India’s Palanpur district in 1924. While living at the Mahavir Jain Vidyalay hostel, he earned his B.Sc. from Wilson College. He began his career as a government servant. From 1945 through 1958, he worked as a medical representative for the pharmaceutical corporation Sandoz.
It was in 1959, that U.N Mehta made the ground-breaking decision to establish his own company, Trinity Laboratories, with a starting capital of only Rs 25,000. This organization began producing specialized medications. It was a significant move at a period when only multinational corporations produced specialty medications, and Mr. Mehta went on to found Torrent Laboratories in 1976. The firm began promoting a variety of important pharmaceuticals at extremely lower rates and quickly established a reputation for itself. Torrent is now a huge corporation involved in pharmaceuticals and electricity generation.
U.N Mehta is commemorated by the U. N. Mehta Institute of Cardiology and Research Centre (UNMICRC) in Ahmedabad, Gujarat. He received various honors, including the Government of India’s ‘Business Man of the Year’ award in 1996-97. He is also known for his philanthropic contributions and has also financially supported social, educational, and humanitarian institutions and causes.
U.N Mehta was married to Shardaben Mehta. They have four children: two sons, Sudhir Mehta and Samir Mehta, and two daughters, Meena and Nayna. He left for the heavenly abode in 1998 in Ahmedabad.
Samir Uttamlal Mehta
Samir Uttamlal Mehta along with his brother Sudhir Mehta run the business of the Torrent Group. Samir has a master’s degree in business administration from the B.K. School of Business Management. Torrent Pharma took several strategic initiatives under his leadership, including ventures into novel therapeutic and geographies, large investments in product development infrastructure and capabilities, building state-of-the-art manufacturing facilities, and acquisitions, establishing Torrent as one of India’s fastest-growing and most respected Pharma companies.
Samit Mehta is responsible for the Group’s entry into the burgeoning City Gas Distribution sector by participating in bidding rounds for new territories and acquiring existing CGD firms to increase its commercial footprint.
Sudhir Uttamlal Mehta
Sudhir Uttamlal Mehta joined the family business in the early 70s. He has a bachelor’s degree from Gujarat University. Mr. Mehta joined his father in handling the activities of Torrent Pharma after finishing his schooling and began studying the complexities of business and management under his father’s guidance. He contributed significant dynamism and business acumen to the Group, culminating in the first success of Torrent Pharma, the Torrent Group’s flagship firm.
Torrent Pharma – Startup Story
The actual story of Torrent Pharmaceuticals began in 1971 as a Private Limited Company by Shri Rajnikant C. Patel and his family members. Later on, it was acquired by U.N Mehta. The Company’s primary business was the production of pharmaceutical formulations and bulk pharmaceuticals. The Company’s products had a strong reputation and were highly recognized in the market from that time.
On 28th June 1989, the Company became a deemed Public Company under the provisions of Section 43-A of the Act and by a Special, Resolution passed on 25th July 1992 at the Annual General Meeting, the Company became a Public Limited Company within the meaning of Section 3(1)(iv) of the act and adopted a new set of articles.
Fast forward to 1994, in the Indian market, the company was the first to introduce ranitidine (Ranitin), nifedipine (Calcigard), atenolol (Betacard), domperidone (Domstal), diltiazem (Dilzem), amiodorane (Cordarone), lisinopril (Listril), and other medications. During the same year, the Company introduced many new medications, including Zirtin, Tyklid, Flutamide, and Topcef, all of which were favorably welcomed by the market. In 1997, the firm made strategic agreements with world-renowned pharmaceutical companies such as Sanofi in France for cardio-vascular products and Novo Nordisk in Denmark for diabetes treatment. With sales in over 70 countries and a network of international marketing offices, Torrent become one of India’s top exporters of medicinal formulations during that period.
All these years, the contributions by Torrent Pharmaceuticals were many. Recently, the company launched MSD (a brand name of Merck & Co., Inc, Kenilworth, NJ, USA) and Ridgebacks molnupiravir under the brand name Molnutor.
Torrent Pharma – Mission and Vision
Torrent Pharma’s mission statement is, “We commit ourselves tototal customer care by delivering world-class products and services.”
The vision statement is, “To become the Most Respected Pharma Company.”
The company strongly believes in its Core values upon which it ensures longevity. Its core values are:
Integrity
Passion for Excellence,
Participative Decision Making,
Concern for Society & Environment,
Fairness with Care and Transparency.
Torrent Pharma – Name, Tagline, Logo
The tagline of Torrent Pharma is, “Innovating For A Healthier Tomorrow”
Torrent Pharma – Business & Revenue Model
Torrent Pharma’s business can be divided into three main segments:
India Business
The company has established itself as a prominent participant in the Indian Pharma field, from pioneering specialized marketing in India to earning the moniker “The Company with the Most First Launches.” They have well-separated marketing divisions that are strategically oriented toward distinct therapeutic sectors. Furthermore, it has a dominant position in the therapeutic segments of the cardiovascular, central nervous system, gastrointestinal, and women’s healthcare as mentioned earlier.
The company’s main areas of focus include formulations, API, drug discovery, marketing, and drug sales. Its operational manufacturing & R&D sites are as follows:
The manufacturing plant at Dahej, Gujarat
The manufacturing plant at Pithampur, Madhya Pradesh
Research Centre, Ahmedabad-Gandhinagar region, Gujarat – R & D Centre is spread out over 125,000 Sq. mts. with a built-up area of 41,000 Sq. mts.
The manufacturing plant at Indrad, Mehsana, Gujarat
The manufacturing plant at Baddi, Himachal Pradesh
Corporate Office, besides sales India, off. Ashram Road, [Ahmedabad]- Gujarat
The manufacturing plant at Visakhapatnam (Andhra Pradesh)
3 Manufacturing plant at Rang-Po, (Sikkim)
International Business
Torrent Pharma has its operations in the EU territory. It has operational sites are present in Germany, UK, and Brazil. The company is also an emerging market in countries like Russia, CIS, South East Asia, Asia Pacific, Africa, the Middle East, Australia, and Central and Latin America.
Torrent Pharma is present in African Countries like Kenya, Zimbabwe, Nigeria, Uganda, and South Africa. In Asian countries like – Sri Lanka, Malaysia, Philippines, Vietnam, and Myanmar.
US Business
Torrent has expanded its business footprint in the United States with the acquisition of Bio-Pharm, Inc. (BPI), a generic medicines and over-the-counter (OTC) company situated in Levittown, Pennsylvania. Torrent Pharma Inc., our subsidiary, meets the expanding market demand for our medicines, and we are now rated 10th among US generic Indian companies.
Approximately 85% of the Company’s revenue originates from four key markets: India, the United States, Germany, and Brazil. Torrent Pharma’s business mix (70% BGx and 30% Gx) is highly optimized since it blends steady financial returns with operational leverage and cost competitiveness.
Torrent Pharma’s CSR Activities
Torrent Pharma believes in the philosophy of “Think of others also when you think about yourself”. Through this principle, Torrent Pharma makes ongoing efforts through its CSR initiatives to give back to society for all of the care, healing, support, and nourishment bestowed on us. Its CSR initiatives are:
Community Health care, Sanitation, and Hygiene – Some of the projects are – the U.N.Mehta Institute of Cardiology and Research Centre (UNMICRC), Swadhar, the Community Health Care Centre, and REACH – the Paediatric Healthcare Programme
Education and Knowledge Enhancement – Set up many schools such as – Sharda Mandir Primary School, K.G. Mehta High School, Akhakhol Primary School, and Shiksha Setu: A Teaching-Learning Enhancement Programme in 2011.
Social Care and Concern – Urja Dweep, is a green-power residential complex situated at SUGEN Plant, Surat.
Torrent Pharma – Revenue Growth
Torrent Pharma’s EBITDA margins were 31% (2020-21 32%). Margins were greater the prior year due to Covid-induced cost moderation. Current-year margins were impacted by pricing pressures in the US base business, as well as a lack of fresh releases pending USFDA re-inspection of facilities.
The company reported having a revenue of $1.1 billion in 2022.
Torrent Pharma – Funding and Investors
Torrent Pharmaceuticals has received $40 million in investment in one round. On April 3, 2014, a Post-IPO Equity round was raised. Chrys Capital, an investment firm focused in India, is the company, which has invested in Torrent Pharmaceuticals.
Torrent Pharma – Mergers and Acquisitions
Torrent Pharmaceuticals has acquired five companies. Bio-Pharm was their most recent purchase, which occurred on January 19, 2018.
Date
Funding Round
Fund Amount
Investors
January 7, 2021
Venture Round
₹5.6 billion
ADQ
November 9, 2020
Private Equity Round
₹11.3 billion
Goldman Sachs
July 31, 2020
Private Equity Round
₹2.3 billion
Tata Capital
January 6, 2020
Private Equity Round
₹5.4 billion
True North
Recently, Dr. Reddy’s Laboratories Ltd. has made an agreement with Torrent Pharma to buy four of its brands: “Styptovit-E,” “Finast,” “Finast-T,” and “Dynapress.”
Torrent Pharma – Awards and Achievements
Torrent Pharma has won many awards such as:
It was listed amongst the top five ‘Fastest Growing Companies (Middleweights Category)’ by Business World Magazine – in 2017
Torrent Pharma’s manufacturing plant in Dahej, received USFDA approval – in 2016
Torrent Pharma was recognized as the Most Promising Company of the Year at the 10th CNBC TV18 India Business Leader Awards 2014
Milestones
Torrent Pharma entered into a licensing agreement with Medicine Patent Pool to manufacture and commercialize a generic version of Pfizer Oral COVID-19 Treatment
Torrent Pharma Entered Into Voluntary Licensing Agreement with Lilly to manufacture and distribute Baricitinib for Covid-19 in India – 2021
Torrent Pharma – Competitors
Torrent Pharma competes with the following companies:
Torrent Pharma plans to stay dedicated to remaining patient-centric, delivering best-in-class performance metrics, and driving portfolio innovation in order to achieve above-market growth. The company is anticipating that the US will contribute favorably to the Company’s total growth following facility re-inspection, which will be assisted by new product releases.
FAQs
Who is the founder of Torrent Pharma?
U.N. Mehta is the founder of Torrent Pharma.
What is the rank of Torrent Pharma in India?
In India, Torrent pharma ranks as the 8th biggest pharma company.
