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Sixth Edition of ASCENT eConclave Concludes Successfully

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  • Nandan Nilekani, Rishad Premji, Sriharsha Majety, Harsh Mariwala, among other esteemed leaders, addressed the ASCENT eConclave on 26 November 2021
  • The conclave aimed at decoding disruption through Industry Experts, Thought Leaders, and Change Makers engaged with 1000+ entrepreneurs who attended the event

The sixth edition of the ASCENT eConclave 2021 concluded successfully with over 1000+ entrepreneur attendees from India and countries like Singapore and Dubai. The conclave themed ‘Decode Disruption‘ consisted of strategically curated, five power-packed sessions with industry leaders and domain experts from across the globe who came together to accord priceless experiential learning for entrepreneurs, students, and working professionals.

Snapshots from the ASCENT Foundation e-conclave conducted on November 26, 2021 with attendance from 1000+ entrepreneurs

The second virtual edition of the conclave was conducted on an interactive virtual platform that encouraged the attendees to engage while attending the knowledge sessions. Archanna Das, Head co-hosted the conclave, ASCENT Foundation with esteemed ASCENT members Sarika Sethi, Co-founder and CEO, Gemini Power Hydraulics, and Ajit Panicker, Founder and CEO, Pureblu Technologies Pvt. Ltd. The key theme of the conclave was to explore disruptions, making it imperative for businesses to adapt and act fast to pivot to build resilience for years ahead.

The sixth edition of the ASCENT eConclave started with a welcome address by Harsh Mariwala, Founder, ASCENT Foundation, and Chairperson, Marico. He talked about the professional and personal challenges entrepreneurs face and how the ecosystem has learned to navigate. The disruption has led to India seeing a rise in the emergence of Unicorns in a short period which will serve as examples of new-age entrepreneurs without a family business background.

The opening session of the conclave was a special conversation with authors of international bestseller Ikigai, Hector Garcia and Francesc Miralles, addressing the entrepreneurs of how to find their Ikigai (living with value) and apply the philosophy to navigate their lives to be successful. Francesc Miralles concluded the session by quoting, “Happiness is the result of feeling useful. So, to feel happy, you must do things that make you feel that your presence in the world is important.”

The keynote session themed ‘The Adaptive Advantage‘ featured Nandan Nilekani, Chairman and Co-founder, Infosys and Founding Chairman UIDAI (Aadhaar), sharing his insights on the tech disruptions happening across industries and the adaptive advantage that businesses of the future need to have. Analysing the change to remote working and behavioral adaptation to digital acceleration, he said, “The realisation has dawned on companies around the world that digital acceleration is a must. This digital acceleration and demand created by the pandemic has led to double-digit growth for Indian technology companies. The whole pace of change of start-ups has been going up in the last eleven months. India saw around forty new unicorns, which is half of the total number of unicorns in the country.”

The third session of the conclave was a panel discussion moderated by Shereen Bhan, Managing Editor, CNBC TV18, exploring the theme of ‘TECHnically Speaking‘ with technology disruptors like Anchit Nayar, CEO, Beauty E-Commerce, Nykaa, Harshil Mathur, CEO and Co-founder of Razorpay, Gaurav Agarwal, Co-founder of TATA 1mg and Vamsi Krishna, CEO, and Co-founder, of Vedantu.

Based on his learnings, Vamsi Krishna advised the entrepreneurs that “The one thing that has stood the test of time is to optimise the long-term rather than focusing on short-term.” On the other hand, Anchit Nayyar shared, “If you are in consumer-facing business, keep consumers at the center of everything that you do.”

Harshil Mathur, while emphasising hiring and talent, said that “Given the ecosystem we are in, it is the team and culture that builds the organization and everyone needs to be very careful about it while one is scaling up exponentially.”Gaurav Agarwal concluded the session by saying that “While it is great to hustle, it is important to hustle for the right opportunities, so make sure to identify them and go after them with gusto.”

In the fourth session of the conclave Rishad Premji, Chairman, Wipro Ltd. exchanged views with Debjani Ghosh, President, NASSCOM, under ‘Deconstructing Leadership‘ to break down leadership into crucial skills such as openness, empathy, resilience, altruism, ability to communicate. During the exciting conversation between the two, Premji shared, “My father was an early adopter of the philosophy of ‘professionalising a company‘. He believed that to move away from the traditional ways of running a family business, one needs to build an organisation with strong values and attract professional people resonating with those values.”

He further added that the world is changing very dramatically, and what can help one’s business pivot and survive is their value system and a sense of purpose. “People don’t experience your values. They experience your behaviour. Hence, I obsess over how must I nurture and maintain the smell of the place, the culture of the organisation.”

The concluding session of the conclave was a candid fireside chat between two leaders, the age-old entrepreneur Harsh Mariwala, Chairman Marico Ltd. and Founder, ASCENT Foundation and the new-age entrepreneur Sriharsha Majety CEO, Co-founder, Swiggy. The conversation shed light on how to develop an organisation of tomorrow while building a high ambition leadership that leaves a legacy to follow.

Harsh Mariwala shared, “Leaders need to believe that culture and values are important to ensure it percolates to the organisation’s employees.” Shares his anecdotes of learning from failures and mentions, he said, “It is okay to fail, but it is important to analyse how can you use that learning to build resilience through agility.”

Commenting on the hiring process of new-age companies, Sriharsha Majety said, “The reason why Swiggy enjoys the access to a high-quality talent pool is because of maintaining an open culture that attracts talent.”

Networking was also an integral part of the ASCENT Foundation e-conclaves, enabling attendees to interact virtually with doers and link-minded people who came together to share knowledge and learn from each other.

Commenting on the conclusion of this year’s e-conclave Archanna Das, Head, ASCENT Foundation said, “This is the sixth edition of the ASCENT Conclave and second year of conducting it online and what started as a necessity of the hour in 2020, has today enabled us to reach out to a wider and more diverse set of entrepreneurs from across the country. We were joined by 1000+ entrepreneurs from metros and regional markets like Jaipur, Kolhapur, Madurai, Manipal. This, indeed, is one of the advantages of the disruption caused by accelerated technological adaptation, which we aim to leverage to make entrepreneurial peer learning accessible to so many more entrepreneurs across India.”

To know more about ASCENT Conclave 2021, visit ascentfoundation.in/conclave2021

About ASCENT Foundation

ASCENT Foundation started by Harsh Mariwala (Chairman, Marico Ltd.) is a not-for-profit expression of his personal passion to identify and enable high-potential growth-stage entrepreneurs in their journey to grow both as Entrepreneurs and their Enterprises. ASCENT creates a close-knit Trust Group of non-competing entrepreneurs who believe in Learning from Doers. Designed as a peer-to-peer platform, ASCENT leverages the “power of the collective” and enables entrepreneurs to share experiences, ideas, insights to learn from each other through self-facilitated Trust Groups and an extended network of Enablers. In the last 9 years, ASCENT has selected over 740 entrepreneurs as members (from more than 2500 applications received) who are part of 64 operational Trust Groups in Mumbai, Chennai and All India Chapters. The composition of these members is quite diverse with a 46:54 split between Manufacturing and Services Industries; 44% Family Businesses; 8% Women Entrepreneurs and in all about 65+ diverse industries represented. The aggregate annual turnover of the ASCENT members is more than Rs. 53,000 crores with individual member turnover ranging from Rs. 1 crore to Rs. 2500+ crores.

For more details, please visit ascentfoundation.in

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OSIA OSIA, India’s Homegrown Luxury Herbal Skincare, Registers 100 percent Growth in 2021

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OSIA OSIA, India’s luxury herbal and organic skincare brand has registered a staggering 100% growth in 2021. Infact, since the time of its launch four years ago, the brand has managed this growth rate every year. Launched in the year 2018, OSIA OSIA has been successfully selling handcrafted, natural and organic herbal soaps in India, Europe, USA and Hong Kong through the online and offline retail channels. With over 20 varieties of soaps, it is among the leading luxury herbal soap brands in India.

OSIA OSIA by ZEZE

OSIA OSIA delivers old world wisdom of ancient wellness practices. Ayurveda and meditation are nature inspired beauty remedies. We aim to provide a zen like experience when you use our product which will not only pamper your body but also calm your soul,” says Harsh Jain, Co-founder OSIA OSIA.

A conscious brand

From using certified organic natural herbs and oils for manufacturing the soaps, to using reclaimed wood for packaging, utmost care has been taken to minimize the carbon footprint. Also, the brand is skilling and training the artisans in the art of soap making through exclusive training sessions and giving them employment. At present, over 60 craftsmen are working in its factories in Bangalore and Delhi. Thus, OSIA OSIA is not just creating an authentic wellness product, but is also preserving environment and helping the marginalized section of the society.

In their endeavour to contribute towards the protection of environment, the founders, leading garment exporters, ventured into soap making. “Soap is a commodity which is used so frequently by everyone and is often laden with chemicals which harm the skin as well environment, so we decided to manufacture a 100% natural, organic and herbal soap for the consumers all over the world,” adds Jain.

The brand has seen a robust growth since its inception. The pandemic has further fueled the demand for their product as the consumers are now more focused on their wellbeing. “Wellness, which was earlier supposed to be meant for the niche, has now become a household name. More and more consumers are shifting to natural and organic wellness products,” he adds. Their exotic range of soaps are made with some of the rarest and most expensive of natural oils which are not only known for amazing skincare benefits but have spiritual and therapeutical qualities as well, thereby reducing the negative energies and alleviating stress.

Inspired by the success of its soaps, the brand is planning to soon add a complete range of wellness and skin care products with its joint venture partner ZEZE from USA. ZEZE launched the brand in US market in December 2021 and witnessing its commendable acceptance and growth in such a short span of time, is extended its partnership in India to establish a strong retail presence. The brand’s first exclusive retail store will be opened in Delhi NCR by the end of March this year.

Our vision is to make OSIA OSIA a household name globally as the most authentic, luxury and organic herbal skin care and wellness brand,” adds Jain.

The price range of the soaps starts from Rs. 295 and goes upto Rs. 495 and are available online in all the leading online retail platforms in India, Europe, Hong Kong and USA. The offline retail presence is in Delhi, Hong Kong, France and Switzerland.

Available at: www.osiaosia.com, Amazon, Flipkart, etc.

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Australian-Indian Joint Venture to Supply Hydrogen Powered Products and Vehicles

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  • H2X partners with Global Automotive components manufacturer ADVIK Hi-Tech Pvt. Ltd. to manufacture fuel cells, generators and vehicles

  • New Joint Venture will build a global supply chain of products and components for hydrogen powered vehicles and powered products

  • The joint operation represents a major entry into the massive Indian market.

Australian Vehicle and Powered Products Manufacturer H2X Global Ltd. and Indian Manufacturing and Development Company ADVIK Hi-Tech Pvt. Ltd. today announced a joint venture for products and components for Hydrogen Vehicles and Powered products for India and for Global Market.

The vehicles and components have been designed and developed by the H2X Global design team and production is scheduled to start immediately to cater for the rapidly growing demand for hydrogen powered equipment and vehicles in India.

H2X is driven by a team with over 20 years of experience in Europe and Asia with the development of Fuel Cell and Hydrogen Vehicles and Power Systems and currently developing several customer delivery programs for Fixed Power Generation and vehicles in Europe, Australia, South East Asia, Africa and South America.

ADVIK is a global leader of Automotive components with a leading position in the Passenger car, Commercial Vehicle and Two-Wheeler production chain as a core supplier of high technology components to almost all major OEMs and over $100 million in annual revenues. ADVIK is a leader in high technology low weight application and together with H2X will take a leading position in the development and production of solutions for Hydrogen Power and Hydrogen Mobility in India.

Launching immediately H2X and ADVIK will begin production of H2X’s Series of Fuel Cell Powered Generators. H2X currently has several of these units in deployment in Australia. The first generators manufactured by the joint venture will be put into service with a large-scale power system providing emission-free power for ADVIK’s state of the art Research and Development Centre located in Pune, India.

“India is destined to be a leader in the Hydrogen Industry with strong support from Government and Industry. As a company which has always been ahead of the curve, we are aggressively pushing into the Hydrogen space as a core growth area for our company and as a leader of this movement in the country,” says Aditya Bhartia, Managing Director for ADVIK Hi-Tech. “We have great confidence in the product range from H2X as being one with several key opportunities to support to the deployment of Hydrogen in the Indian Market and together with our local knowledge and expertise we see great opportunity to develop this for the acceleration of the Indian Clean Energy movement.”

Over the past year, the two companies have been working together to explore opportunities for Hydrogen in the Indian market and as the dawn of the Green Hydrogen Revolution comes upon the country the Joint Venture is launched to position H2X and ADVIK as key players within that.

ADVIK will become a major supplier of products and components to H2X on a global level, using the significant power of the company as a leading supplier in the Automotive Industry. ADVIK will also be launching distribution activity for products from H2X through the Joint Venture, capitalising on the local knowledge and network of the company.

Brendan Norman, CEO of H2X believes that the Indian Market is critical to the long-term success of the Hydrogen Industry and that the partnership with ADVIK will be critical to the growth of the company. “We have long believed India is one of the great manufacturing powers of the world and we have found a great player in the automotive Industry in ADVIK. The cooperation between our companies gives us great strength in being able to address India but also to provide us with a strong Manufacturing Backbone to support our production activities in Australia and other parts of the world as well.”

The first products from the Joint Venture will be delivered to the market within the coming few months, with the power system in Pune being the highlight of the launch of the Venture. In showing this the Venture will stake its claim as one of the leaders in the upcoming hydrogen revolution.

“The opportunity for us to be able to launch a product to the Indian market at this early stage is reflective of the passion we have at ADVIK to lead our country and the world in terms of being active in new technological advancement,” says Aditya of the launch of the Joint Venture. “We strongly believe that through our partnership with H2X we come into a position where we can become a global leader in the Hydrogen revolution and strongly position the growth of Hydrogen in India as a strong pillar of growth into the future.”

About H2X Global

H2X is an automotive and power unit company focused on absolute sustainability. The company is focused on harnessing the most efficient and effective technologies, with the onus on capturing free and renewable energy sources. A specialisation in hydrogen is the basis of H2X’s growth, however, with a strong platform as a maker of electrically powered vehicles, the company has a versatile approach to finding the right vehicle for the right task.

For more information, please visit: www.h2xglobal.com.

About ADVIK

ADVIK Hi-Tech Private Limited is a leading & Global automotive components manufacturer. We have been catering to the needs of a number of domestic and overseas customers across four continents in the passenger car, commercial vehicle, stationary engine and two-wheelers segment for the past two decades.

We provide products to our customers, keeping in mind their needs and specifications. Our customer base includes leading automotive original equipment manufacturers in India, Europe, the UK, US and ASEAN Region.

For more information, please visit: advik.co.in.

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Benefit from High FD Rates and Deposit Safety with Bajaj Finance FD

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Fixed deposit is one of the most preferred investment tools available in the market as it remains unaffected by fluctuating market trends. Furthermore, it is a reliable option to park ones hard-earned money in to yield higher returns on their deposit.

Benefit from high FD rates and deposit safety with Bajaj Finance FD

Banks, post offices, and non-banking financial institutions (NBFCs) offer fixed deposits in India. Each of these facilitators has its own set of benefits and features. However, investing in fixed income instruments generally yields lower returns than market-linked instruments.

When one aims to invest their money in a safe investment tool such as an FD for long-term capital appreciation, Bajaj Finance is a financier that offers the dual advantage of high FD rates and deposit safety.

Heres why Bajaj Finance online Fixed Deposit is an ideal investment option:

Earn more with high FD interest rates

Return on ones investment, i.e. applicable interest rates, serve as the primary criteria in determining where to invest. The FD interest rates in India rely on the RBI regulations. Change in the repo rate by the RBI affect commercial banks interest rates, but Bajaj Finance, being an NBFC, is not directly impacted by the change. Bajaj Finance Fixed Deposit interest rates remain relatively immune to the changes brought about by the cuts in policy rates.

Bajaj Finance offers one of the highest FD interest rates in India. Below is a table showcasing the interest earnings for different tenors for a citizen aged below 60 investing in a Bajaj Finance FD.

Deposit amount Tenor Interest rate Interest earnings Total earnings
Rs. 3 lakh 36 months 6.80% Rs. 65,456 Rs. 3,65,456
Rs. 3 lakh 48 months 6.80% Rs. 90,307 Rs. 3,90,307
Rs. 3 lakh 60 months 6.80% Rs. 1,16,848 Rs. 4,16,848

Senior citizens get an additional interest rate of up to 0.25% over and above the base rate on their deposits.

Flexible payout options and Loan against FD

Post office and bank FDs generally dont provide the flexibility of getting interest payouts as per the investors choice. With Bajaj Finance, investors can opt for periodic interest payouts as per their liquidity requirements by depositing savings in the non-cumulative FD plan. This plan gives investors the option of choosing between monthly, quarterly, half-yearly or annual interest payouts.

Bajaj Finance also allows investors to apply for a collateral-free loan against their FDs. This facility is valuable during emergencies, like cash requirements for medical expenses. Investors can avail of up to 75% of the FD value.

Easy online investment process

An end-to-end online process adopted by Bajaj Finance online FD enables investors to benefit from an entirely contactless investment procedure. One can quickly fill the online FD form from the comfort of their home.

Bajaj Finance FD has been accredited by the highest safety ratings (FAAA) and (MAAA) by CRISIL and ICRA – Indias leading credit rating agencies. Investors looking to grow their savings can easily invest in a Bajaj Finance online FD without worrying about returns, defaults or untimely interest payouts.

About Bajaj Finance Limited

Bajaj Finance Limited, the lending company of the Bajaj Finserv Group, is one of the most diversified NBFCs in the Indian market, catering to more than 44 million customers across the country. Headquartered in Pune, the companys product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

To know more, please visit: www.bajajfinserv.in.

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