In this issue

SME WORLD October 2022 Issue

Important Things To Know Before You Start Trading In Stock Market

Given the uncertainty around the stock market, trading in shares can be a terrifying thought. At the same time, investing in the stock market indeed comes with a risk, but it is also an efficient way to build wealth if done in a disciplined manner. Several failure stories grip the market, but the commonality in all these stories is the uninformed decision-making process. People who understand the market will never face heavy losses. Therefore, before you start your trading journey in the stock market, here are some essential things you must know.

4 mins

Your Mental State Determines Health And Growth Of Your Business

Don't we all wish to be in full control of our mental state? The brain continuously sends signals to our consciousness that affects how we behave and react. And so, it's important for entrepreneurs to understand this because it has a direct impact on the growth of their business. Entrepreneurs have to take care of their mental state every day to get sustainable results.

4 mins

Life Insurance Claims: Five Mistakes to Avoid

The utmost importance of having life insurance plan has been more clearly evident than ever before, owing to the pandemic. With the unexpectedly high death rates in the past year, the pandemic has conveyed the message that life is unpredictable, so making the right choices is always ideal. One such right choice for yourself is an optimum life insurance plan that can cover your family's needs in your absence or can even be a great financial support post your retirement age.

3 mins

Anti Aging Foods to Keep You Lively & Going

Ever since life began Every living being from the tiniest organism to the largest creature is genetically coded to live longer, thrive and flourish. Our DNA is genetically wired to adapt to the most hostile environment and we are programmed to survive. If this genetic coding is hard wired into our systems:why then in this modern age do our bodies appear to be ageing faster than our chronological age?why are we afflicted with constant metabolic syndromes; why is old age becoming so torturous with unending visits to the hospital? It seems as though all the myriad colours that life has to offer have become limited to the colours present in our pillbox.

5 mins

Your Music Guru is now a click away Digital Platform with Potential to be Global Brand

Muzigal is an online music learning platform connecting teachers and students. Founded by Dr. Lakshminarayana Yeluri, Muzigal is set up with an aim to democratize music education by connecting the huge untapped music teaching talent across the world with millions of aspiring learners limited by geographic boundaries.

7 mins

In-vehicle Infotainment Market Set for Big Growth

Kulshrestha is an experienced executive with a demonstrated performance in consumer electronics industry, insurance sector and manufacturing industry. His major skill sets include company management, business planning, business alliances, new business development, and marketing management, market planning market analysis, strategic partnerships and pricing strategy. A strong business development professional with an educational qualification focused in risk management and IT from BIMTECH, he has a rich work experience of 24 years history in various leading brands. Some of the leading companies he has worked with are Carrion Aircon Ltd., ICICI Prudential Life Insurance, LG Electronics India, Electrolux, OSRAM and currently in Pioneer India Electronics. Mr Gaurav also has an expertise in Philately, Photography and Numismatics.

5 mins

How Next Level Digital Technology will Transform Businesses

When the Covid-19 pandemic hit, going digital became the only way out for companies looking to keep doing business as usual. However, the truth is that digital transformation has been gathering pace for several years and was pushed over the tipping point by the pandemic. Now, as the world adjusts to the 'new normal, businesses are treating digital transformation as not just a stop-gap measure but as a strategic tool to evolve, scale and adopt agile practices. Here, we examine the many positive impacts of a systematic move to digital and how software companies have been successfully making the shift.

3 mins

Digitalization will Make Diagnosis Accessible by Commoners in Remote Areas: Dr Anjeli Misra

Dr. Angeli Misra is Director, DLifeline Laboratory, an advanced pathology laboratories of Delhi-NCR region. She brings with her an enormous experience of technical and service expertise spanning over 34 years in clinical pathology and 26 years as chief administrator and torchbearer in raising Lifeline Laboratory to meet the highest international standards. She has exhibited exceptional proficiency in Histopathology, Cytology, Microbiology, Biochemistry, Immunology, Oncology, and Hematology & Clinical Pathology.

4 mins

Banks Need to Invest in Digitisation to Better Serve SMEs

If a person from the 1980s was somehow transported to present day, a lot about the world would astonish and amaze them. Our current era is nothing like the future that was imagined in popular culture at the time — there are no flying cars, we do not have the ability to teleport, and, sadly, as the last 22months have demonstrated, we still haves ignificant improvements to make when itcomes to healthcare and social equality. One thing, however, that this time traveller would not find surprising at all is the decision-making process used by banks when a small or medium-sized business applies for a loan.

4 mins

5 Must Have Tech Innovations for Small Businesses to Boost Productivity & Profits

Leveraged Technology

4 mins

Lockdown Lessons: Business Contingency Measures Can Help Get Over the Crisis

The nationwide Tlockdown in the past two years has severely dented business and the economy, and micro, small & medium enterprises (MSMEs) were the worst hit. In April this year, the Confederation of All India Traders estimated that the daily business loss due to lockdown in Delhi is around INR 6 billion. At an all-India level, this translates into around INR 300 billion, considering full and partial lockdowns, night curfews and other forms of restrictions.

5 mins

Proveda Working to make family of 1 million by 2025 with Turnover of 500 Cr

Started in 2019, Proveda India boasts of one of the most ethical and transparent direct-selling platforms under the parent company Proveda Herbals.

4 mins

uTrade Solutions Enabling Faster, Safer and Inclusive FinTech Space

Kunal Nandwani Co-Founder & CEO, uTrade Solutions

3 mins

Grow Communities and Focus on What They Say not What you Deliver

Next Level retail & Marketing

4 mins

Transition To Online Marketplaces And Malls

Generally, consumer habits and trends follow an evolutionary curve. But the global pandemic changed all that with one fell swoop. Consumer behaviour flipped very rapidly and shoppers shifted from offline to online purchases in a matter of weeks. The Covid-19 pandemic became an inflection point as consumers suddenly experienced the safety and convenience of online shopping.

5 mins

SMERA Aims to be the Most credible Voice for the MSME sector

SMERA Gradings and Rating is a subsidiary of Acuité Ratings & Research Limited and is dedicated to providing SME ratings & grading services to MSMEs. The company launched in 2005 as SME Rating Agency of India Limited, a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India. SMERA is possibly world's first SME-focused rating agency. Intending to facilitate easy access to finance for SMEs, SMERA focuses on promoting transparency and reducing information asymmetry.

5 mins

SMEs Need to Adopt Technologies that Future-Proof them against Unanticipated Disruptions: Arun Meena

RHA Technologies is the brainchild of IIT Kanpur graduate, Arun Meena. The organisation for the first time in India enables the unique trust dependent outsourced tech co-founder offering for Start-ups and SMEs. In addition, the organisation also offers the traditional model of outsourced product development to MNCs and startups. It also provides an empathetic and synergistic technology consulting, digital transformation, and technology services and solutions to the founders of start-ups and SMEs worldwide. Thus, enabling the client organisations to realise and strengthen their innovation, differentiation, valuation and market offering.

5 mins

Integrating Dental Health Services with Technology to Spread Awareness

My Dental Plan Healthcare is an IT-enabled healthcare company, Mproactively streamlining dental experience in India by bringing them at par with the dental services around the globe. The company has ushered in the era of IT-enabled healthcare in the dental space and is known to offer standardised, quality services in a completely hygienic environment at reasonable costs.

5 mins

Tavaga : Making Use of Technology in Fintech Space

Tavaga provides an innovative technology interface for investors via a mobile application. It empowers retail investors by providing them with access to the same advice, processes, investment products, and technology as professional investment funds hired by HNI. Tavaga's mission is to assist the investors in saving more and achieving user-defined goals at a reasonable cost, i.e. democratizing advisory.

3 mins

Role of MSMEs in Ecosystem Restoration

According to the Business and Sustainable Development Commission, sustainable business models could open economic opportunities worth $12 trillion and create 380 million jobs by 2030, with more than 50 per cent2 being located in developing countries.

8 mins

In a Remote World, the Cloud Enables Business Continuity

In the first half of 2020, the global pandemic forced companies around the globe into a sudden and unexpected shift to remote work. Many companies immediately turned to cloud computing for continuity of service. Those that didn't are heading that way now because, while the current crisis will eventually subside, it has permanently changed the business landscape and how companies operate. For many businesses, a percentage of employees and roles will become permanently remote. Fortunately, for those that need to adapt, the cloud can ease this transition. From enabling large scale remote work to enhancing business operations and saving cost, cloud computing is now an essential business practice for companies around the world.

3 mins

Mobile Payment Providers Need to Provide Dedicated Customer Support Centre for SMEs : Morgan Browne

Morgan Browne is passionate about helping SMEs succeed financially, and empowering them to achieve their full potential. In 2017, Morgan officially launched Enterpryze, the world's first mobile-first solution for SAP Business One. Morgan is a highly regarded member of SAP's Global Partner Executive Council and was a finalist in the EY (Entrepreneur of the Year Awards) in 2015. Milner Browne is a Deloitte best managed companies platinum member and a fast 50 finalist.

4 mins

Efficient Vendor Management to Increase Your Company's Performance

India is now one of the fastest growing economies in the world. The recent interventions in industrial growth coupled with thriving government policy push, have helped Indian companies to enhance their innovations and offerings and ensure higher productivities. In this process, organisations collaborate with several partners to ensure efficient outcomes. This brings us to a key business aspect, i.e., vendor management, the process of shortlisting and finalising vendors for a particular task/project.

3 mins

'TruckBhejo' aspires to create India's Largest, Fastest and Reliable Logistics Network

Nilesh Ghule is the Co-founder, CEO of Forza Logistics Techlabs Pvt Ltd, a technology-led logistics company, known as 'TruckBhejo'. The company is focused on connecting both supply and demand sides to deploy the most efficient logistics network. Catering to all 3 delivery miles - first, middle and last mile of logistics, With a fleet of over 3,000 active trucks and 40+ city network, the company has shipped over 2 million tonnages and fulfilled over 1 million deliveries. From being a son of a truck driver to a successful entrepreneur, Nilesh incorporated TruckBhejo with pure passion and sheer grit. Strategizing and charting out the plan to achieve results being his forte, Nilesh is focused on building scalable and sustainable business at TruckBhejo.

6 mins

Zee Digital: Growing & Charting New Avenues

Zee Digital, a digital arm of Zee Group and one of the largest and one of the most successful digital media organizations in India has wired its presence across the globe.

5 mins

Why should HR leaders rely on Intelligent Automation for Organizational Growth?

A study conducted over six continents, involving six hundred HR Information Technology (IT) and HR leaders by PWC revealed that process automation or intelligent automation (IA) is the key area of focus for 45 percent of the participants. Intelligent automation of human resources, according to expert technologists, has the ability to change the HR function by increasing performance, maximising competitiveness, and promoting creativity.

4 mins

How Al Is Transforming The Manufacturing Industry

Artificial Intelligence has transformed both our personal and professional lives. The adoption of Alia a critical feature of Industry 4.0 because of its potential. It has brought many opportunities and challenges to various sectors. Many Al-powered innovations have to been built to boost the economy dramatically through improved quality of life. In India, AI is a significant contributor to various economic fields, such as agriculture, manufacturing and services such as banking, which pushes GDP growth significantly. However, it is possible to optimise the gains end minimise bases by Implementing the requisite resources and regulations. While many countries have agreed on their Al policy, a strategy has not yet been drawn up in India.

4 mins

Checklist For Investing In Small Cap Mutual Funds

Over the past few years, the small cap funds have outperformed large cap funds by a significant margin, which makes them worth considering for investment.

5 mins

Embracing Habits for Success: Leader Mindset & Emotional Intelligence Ensures Continuous Success

A key aspect In growth Is the way we look at situations and challenges In our day-to-day lives. Are we operating from the victim mindset or the leader mindset? its Important to shift focus from Ithls personlettuatIon did this to me' to 'this has happened; what can we do about this?. The energy in the former Is of powerlessness while In the latter we acknowledge the problem and divert energy to possible actions in order to get desired results.

4 mins

Grafdoer: We Bank on Innovation and Our Commitment to Quality

The Indian consumer's rapidly growing appetite for style and aesthetics In their homes, kitchens and outdoor spaces are evolving day by day, searching for a stylish and durable sanitary-ware product within a budget Is a big task In the Indian market. People face a paradoxical situation to either go for an expensive brand or to for a cheaper one but compromise on the quality.

5 mins

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SME World Magazine Description:

SME WORLD is India’s most authentic information and knowledge magazine dedicated to the SMEs sector. The magazine enjoys a large readership and is popular with entrepreneurs across sectors.
1st ever Indian magazine to penetrate Tier II, III cities & the rural belt.
Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
Official Magazine Partners for several national & international MSME events.