Business – The CEO Magazine – India https://theceo.in The CEO Magazine: Best Monthly Business Magazine for Business Leaders and Decision Makers Sat, 18 Jan 2020 12:16:40 +0000 en-GB hourly 1 https://wordpress.org/?v=5.3.2 https://theceo.in/wp-content/uploads/2018/02/cropped-TCM-Favicon-2-50x50.jpg Business – The CEO Magazine – India https://theceo.in 32 32 Modern Business Magazines in India https://theceo.in/2019/10/modern-business-magazines-in-india/ https://theceo.in/2019/10/modern-business-magazines-in-india/#respond Thu, 10 Oct 2019 11:01:52 +0000 https://theceo.in/?p=65279 Modern Business Magazines in India The most important thing for a businessman is the knowledge of the business world, without the proper knowledge no businessman can survive in this competitive world. To compare market trends, knowledge is very important as it will help you to decide what move you should take next. Not knowing the […]

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Modern Business Magazines in India

The most important thing for a businessman is the knowledge of the business world, without the proper knowledge no businessman can survive in this competitive world. To compare market trends, knowledge is very important as it will help you to decide what move you should take next. Not knowing the business you are working in is like a blind person walking on a busy road.

 Well, you cannot trust the internet to give you the correct information all the time but a business magazine can surely help you with this. To have the exact and accurate information there are many business magazines in India which will be relevant to your business. Following are listed best Indian business magazines which will provide the knowledge that you are seeking.

  1. Inc. India

Inc. India is a popular Indian business magazine that focuses on the growth of entrepreneurs. This magazine is very resourceful for small and mid-size businesses in India to expand their business and to compete in this business world. It is the Indian version of popular magazine of the USA ‘Inc.’ and is published every month by 9.9 media and it was launched digitally as well as issue wise in the year 2009.

  1. The Smart Manager

The Smart Manager is known to be India’s first-ever management magazine which contains every information on managing a business. If you want to be a great manager then you should subscribe to this magazine now. This magazine also has a knowledge partnership with CNBC-TV18 who is also their host on digital platforms. It is published by Spenta Multi-Media quarterly and was first launched in 2002 by Mumbai business persons Sumantra Ghoshal, Gita Piramal and Nitin Nohria.

  1. Business India

Business India is a pioneer in business magazines in India as it provides every information of the current business scenario in India. It was started as an English language magazine but later it began to publish in other Indian languages as well. This magazine was founded in 1978 by three brothers named Ashok Hotchand Advani, Hiroo Advani and Rajkumar Advani and was initially published in Mumbai. Almost 88,100 copies were sold in 2001 and over 5lakh copies were sold in the year 2006.

  1. Banking Frontiers

Banking Frontiers is a unique business magazine published in India which provides a wide verity of content which includes technology updates, payment systems, risk management, retail banking, fraud protection, Bancassurance, compliance, treasury, corporate banking, HR, third party sales and the summary of banking news. This is a magazine published monthly in English language by Glocal Infomart Pvt. Ltd. This magazine has journalists in Chennai, Mumbai, Singapore, Shillong, Colombo and Dubai and some new ones are also appointed in Pune, London, Bahrain and Hong Kong. Editor of the Banking Frontier are Babu Nair and Manoj Agrawal who keep a check on the quality of content going in the magazine.

  1. The CEO Magazine (India)

The CEO magazine is the fastest growing business magazine in India. The prime focus of this magazine is to provide all the latest information of the business world to the businessmen. It also features best CEO’s and their business around the country to give them exposure they need. It is published monthly in New Delhi by Indianmanthana Pvt. Ltd.

If you want your business to get the correct exposure in this competitive business world, it is advisable that you should get yourself or your business featured in the CEO magazine. Contact now for more details.

Get to know more magazines published in India

Do you know what are the challenges faced by Indian Magazine Industry?

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How A Professional Financial Consultant Can Direct Your Business Growth? https://theceo.in/2019/07/how-a-professional-financial-consultant-can-direct-your-business-growth/ https://theceo.in/2019/07/how-a-professional-financial-consultant-can-direct-your-business-growth/#respond Wed, 24 Jul 2019 05:30:12 +0000 https://theceo.in/?p=63570 How A Professional Financial Consultant Can Direct Your Business Growth? India is one of the largest economies in the world and one of the most prominent markets for start-ups and businesses. While manufacturing, banking, steel, investment, retail, pharma, infrastructure, agriculture, engineering, and telecommunications are the top industries in India, finance is the core of all […]

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How A Professional Financial Consultant Can Direct Your Business Growth?

India is one of the largest economies in the world and one of the most prominent markets for start-ups and businesses. While manufacturing, banking, steel, investment, retail, pharma, infrastructure, agriculture, engineering, and telecommunications are the top industries in India, finance is the core of all of these. Hence, it has become important to create a structure and understand the system for handling such a huge amount of money received from diverse sources.

A financial consultant acts as a financial guru to ensure that your business is fit to be able to survive the tough competition and inconsistent market. Let’s understand how a financial consultant can direct your business growth and further how it can prevent your business from turbulence especially in the Indian current situation.

  1. A base to analyze growth: A financial consultant is a professional who works on future financial goals and assists an individual or a company with their financial advices. The advices by such experts are generally on topics such as tax and insurance decisions. These experts create a financial plan to ensure a standard to analyze the growth of any business.
  2. Strategies towards growth: Financial consultants are the most important assets for any firm. Their ideas, research, and goals help to comply with a business overall success and growth. A financial consultant brings his entrepreneurial point of view encouraging growth for a business. He constantly works toward formulating strategies that helps a business connect better with ample growth opportunities in the marketplace.
  3. Help you make a suitable choice: There are various decisions that are part of working of an institute. While decision making requires a certain amount of authority, it also requires a sound understanding of on-field data. A CEO or CFO might not be able to keep up each and every change that is happening in the market and hence a financial consultant is important. A specialist like him/her guides a business with logical investment decision making, which yields the business great results efficiently and helps the business grow at a consistent pace in the long run.
  4. Conviction in decisions: Each business aspires to be the best in the industry and hence a professional in finance is important to be on the team. A financial advisor brings to the table his years of experience along with his research tools and techniques. He works in an effective way and follows a specific process which ensures decisions taken with sense of conviction. The process a financial consultant follows is detailed. It includes gathering information, assessing financial risks, analyzing investment surplus and creating realistic goals and portfolio to help a business reach its financial goals.
  5. Financial Stability: While the markets get into a turbulent position, a professional business financial consultant encourages remaining a focused investor. He will guide a business to achieve its goal besides the turbulence in the market. Being a professional, he tends to not get restricted with the emotions and stay calm in challenging financial situations. The logical and unemotional nature helps a business get better financial stability in its investments.
  6. Environmental Stability: Financial consultants work with the day to day activities of the business, managing the revenues and expenses. He works swiftly with the ever-changing and inconsistent financial, legal and competitive environment. While desiring to achieve any specific goal, a business might suffer from the situational changes stated above, but with sound planning and implementation, it can remain on its position or grow better.

Let’s understand this in the light of India’s current situation related to tax and investment. Recently, Union Budget 2019 has presented some conditions that financial consultants tend to share their opinions on. While the Government of India concerns deficit, the financial consultant’s advice will help you make the best decision.

Tax: While agreeing with the financial conditions of the country, ITR filling is one of the options that a professional financial consultant would advise businesses. Small companies, start-ups or businesses in unorganized sectors usually find ITR filling process difficult to understand or lack the resources to fill their income. Budget 2019 has made sure that the second reason is avoided as Aadhar card number, a common identity number for citizens of India can now be used instead of PAN card number.

Share Market: Share market has experience as great turbulence due to the Union budget which affected various stocks and its prices. From Buyback rates to import and export policies, the inconsistent prices of stocks have showcased a solid need for a professional financial consultant for various industries.

Conclusion:

Laws will update and impact the world economy with legal, financial and other turbulences. None of these situations can be avoided but with the guidance of a professional financial consultant, the growth of your business can be directed smoothly.

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Neo Kinetic: Expediting The Sales Process Through Innovative Solutions. https://theceo.in/2019/06/neo-kinetic-expediting-the-sales-process-through-innovative-solutions/ https://theceo.in/2019/06/neo-kinetic-expediting-the-sales-process-through-innovative-solutions/#respond Wed, 19 Jun 2019 12:54:26 +0000 https://theceo.in/?p=63292 Perfect business partner  Neo Kinetic: Expediting The Sales Process Through Innovative Solutions. Success is all about results, and results are all about action. The best business idea fails if the team is not capable enough to put it into practice. Lead generation companies act as a helping hand and become a foundation to turn ideas […]

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Perfect business partner 

Neo Kinetic: Expediting The Sales Process Through Innovative Solutions.

Success is all about results, and results are all about action. The best business idea fails if the team is not capable enough to put it into practice. Lead generation companies act as a helping hand and become a foundation to turn ideas into reality. Neo Kinetic Services is a leading lead generation and Business Process Outsourcing services company. It is pioneered in bringing unrivalled human resources and technical expertise together to serve clients around the globe and simplify the lives of clients and their customers. The firm was founded in 2009 in Mumbai to offer innovative practices and strategies, tailored to meet the clients’ specific needs so that they can focus on their core business. Today, Neo Kinetic has 160 expert professionals comprising of Technology Experts, Digital Marketing Experts, Business Analysts, Business Researchers, and Lead Generation professionals across India, US, and the UK. Neo Kinetic’s outcome-based transformational solutions are meticulously designed to deliver deeper insights and positive results.

The company has more than 100 clients globally including exhibition owners, Financial Service Companies, E-commerce Platforms, IT Companies, Pharma, and Tech Start-ups.

Neo Kinetic: a champion in the context of technology & innovation

Neo Kinetic Is a B2B marketing company that offers full-service lead generation, appointment setting, and database solutions on multi Technology Platforms to its 100 global clientele. With its expertise across B2B verticals, proven multi-channel approach, its proprietary data resources, and a full suite of marketing tools, the team plans and manages results-driven marketing programs that let clients:

  • Reach out to target buyers
  • Keep the funnel constantly filled with warm leads
  • Reduce time-to-market and improve business efficiency
  • Increase conversion ratio
  • Make more informed decisions with actionable intelligence
  • Adopt a scalable and flexible approach tuned to the business needs
  • Get access to early-stage Market insights and customer feedback

Each client is assured of a guaranteed ROI. Its B2B lead generation team are unscripted in their approach and focus on delivering strategic and intelligent conversations.

At Neo Kinetic, 55% of business is repeat business – a testament to the results and the ROI that clients enjoy. Each month, the team makes 250,000+ phone calls, produces more than 87500+ accurate and real-time marketable leads for its B2B clients. Clients are achieving 45-50% conversion rates from the appointments generated by Neo Kinetic.

Neo Kinetic Offerings

Neo Kinetic’s wide range of customized and process driven B2B Solutions provided multiple Technology platforms that help sales teams to nurture warm leads and therefore achieve quick conversion. Their services include:

B2B research Services

  • Market Universe Identification and List Builds
  • Marketing & Sales Data Validation
  • List Verification
  • Business Intelligence and Competitor Analysis

Lead Generation Services

  • Appointment Setting
  • Market Survey & Tele Verification
  • Subscription Sales and Renewal
  • Event and Exhibition Registration
  • Email Marketing

Data Management Services

  • Data Cleaning, Classification & Categorization
  • Data De-duping
  • Data Audits
  • Website Content Management

Demand Generation Services

  • Search Engine Optimization
  • Website Design and Development
  • Content Marketing
  • Social Media Optimization
  • Content Marketing

Business Process Outsourcing

  • Back office support
  • Customer Service and Management
  • B2C TeleSales

Sales Solutions

  • Supply chain Development & Management
  • Product Launch and Market Entry Strategies
  • Field Sales Outsourcing & Management
  • MIS and Reporting 

Resolving Business’s Problems

Differentiating Factors

Generating quality leads is the backbone of a good B2B marketing strategy, and establishing a strong pipeline ensures the maintenance of a steady growth rate. The foundation of Neo Kinetic is based on unbiased, unique and customer integrated business consulting skills. Additionally, its mission is to provide guaranteed and result based solutions.

Here are some reasons why B2B companies should be considering Neo Kinetic as their partner for Business Growth

  • Assured ROI and increment in Sales
  • Reduced time to sell, based on a data-driven approach
  • Open to working on flexible commercial models
  • The business model allows scalability with quick TAT
  • 3 layers of Quality checks that assure you with Quality Leads
  • Access to best practices to implement them for internal process improvements

Revenue Model    

Neo Kinetic believes that no two customers and their needs are similar! Therefore, it offers competitive prices for its services, as well as flexible pricing models to suit clients’ needs:

Pay-Per-Result Model

A performance-based model provides clients the freedom to manage their budget and get the best out of their outreach campaign. Clients only pay for the leads or appointments generated; no hidden costs and no extras!

Fee-For-Service (Fixed Monthly Fee)

This model lets clients have a skilled team of associates away from their own office, but one which acts as an extension of their own in-house inside sales team. Clients pay a monthly retainer and a nominal price per lead. This model is based on SLA’s that in many ways provides the assurance to the clients for the quality and quantity of leads provided

All-Inclusive Pricing: An all-inclusive price per record, invitee, prospect, target, etc. that includes all the actions that Neo Kineitc will take in respect of that record in accordance with the program.

Per-Action Pricing: Prices for each specific Neo Kinetic action are priced individually ahead of time.  For example a detailed price to the penny for each call, email, text, inbound response, etc. that comprises a program. 

Success Story: from initiation to present-day

2008 – Incorporated as a Business consulting company with a team of 7 individuals providing business advisory services to companies in India and US

2011 – Transformed into a Lead Generation and Business consulting company

2012 – Set up a full-fledged office, Lead Generation team comprising of 50 individuals

2013 – Set up a US Office

2015 – Set up an office in the UK. Total staff strength reached 75. Added a 10 man R&D team to find innovative ways to increase customer value

2017 – Added another Operations Centre, located in Thane (Mumbai). Started with providing our solutions in the Indian Market

– The company reached a total staff strength of 150 with more than 100 clients across 3 regions

Future Plans and Road Map

  • In the next 3 years, the company will invest heavily in developing Business intelligence tools that would allow clients to get access to their “most likely to buy” audience quickly.
  • The company would further invest in developing proprietary tools that would allow the internal teams to procure and provide customized Market lists at higher velocity.
  • The management will be investing heavily in setting up a research academy to provide solid training for new staff. The intention here would be to quickly get staff delivery ready to drive high levels of performance.
  • The company is also looking at expanding its US presence along with India to provide 50% YOY growth for the next 3 years.

Guiding force

Puneet Bharadwaj – The Mastermind of Neo Kinetic

Neo Kinetic is leading the market under the dynamic leadership of Puneet Bharadwaj. He is the Founder, director, and CEO of the company and responsible for running all facets of the business. Puneet initiated his career as an Intern in Siemens Germany and then moved on to work with large multinationals, where he gained significant exposure in varied business functions. With his experience, success and a very good understanding of Business Management, Puneet decided to explore being an entrepreneur and set up Neo Kinetic. Puneet is the Director at incapsulate Inc, a US-based IT company and Buzzing Lab Solutions, a UK based Data Management company. He also mentors 4 Tech Start-ups in India along with young Business Graduates at Top B-Schools in India. Puneet is a business graduate from the UK and has a proven executive management track record driving sales growth in the Technology, Financial Services, and Telecommunication industries.

Sonali Batish

Director of US Business

Sonali Batish is the Director in the company’s Washington, DC office and responsible for overseeing the Business Growth. Sonali holds over 23 years of experience in technology, Business Management.  Earlier in her career, she served as a consultant in the education, health and telecommunications industries, leading global IT delivery teams. Sonali holds a Bachelor’s degree in Electronics Engineering from the University of Mumbai, India. She is also a board member of 100 Women Strong – a non-profit organization.

Sajiv Kurup

Director of Operations

Sajiv is the Director of Operations and holds 18 years of expertise in managing large Operation teams with TCS, and Datamatics. He is a computer engineer from Mumbai University and has managed Tech support, Call center, IT & ITES projects and MIS across numerous domains. As a strategist and accessible leader, Sajiv drives growth and profitability by developing and delivering Technology solutions for companies.

Anthony Ryan

Director of UK Business

Having over 40 years of expertise in Consulting, Revenue Generation and Business Management, Tony is effectively handling the position of Director of UK Business. He is currently responsible for bringing new Business and Key account management for the UK.  Prior to Neo Kinetic., he was the Director of KPMG and Deloitte Consulting. Furthermore, Tony has been a Director of two Public Listed Companies and has set up his own coaching and consulting companies. Tony is an experienced sales and marketing professional, business consultant and executive coach – he set up and ran B2B Sales Consulting for 10 years. He is an excellent communicator and deals with clients at all levels, from the boardroom to the small shop.

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De Space: Designing your Dream Home https://theceo.in/2019/06/de-space-designing-your-dream-home/ https://theceo.in/2019/06/de-space-designing-your-dream-home/#respond Mon, 17 Jun 2019 07:18:37 +0000 https://theceo.in/?p=63230 De Space: Designing your Dream Home Talk to an IT executive in Bangalore and you get to know that he has got his priorities right. The new-age individuals or couples have been around the world, have got global exposure, and once they are back they want to replicate the same best practices when they buy […]

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De Space: Designing your Dream Home

Talk to an IT executive in Bangalore and you get to know that he has got his priorities right. The new-age individuals or couples have been around the world, have got global exposure, and once they are back they want to replicate the same best practices when they buy their dream house.

This is the requirement that De Space, a customized boutique interior designing firm based out of Bangalore focused on, and has managed to create a niche of their own in the ever-expanding residential interiors market.

De Space doesn’t offer standard products, but understands the clients’ requirements and then provides customized interiors to them.   “Our clients are mostly sorted. They know their requirements well, and that makes our task easier”, says Akshata Menon Vig, Cofounder and Chief designer at De Space. After taking the requirements, Akshata personally works on each and every aspect of space planning and design and accordingly submits a proposal to the clients.

Started by Dev Vig and Akshata Menon Vig in 2010, the firm has delivered more than 400 projects in Bangalore successfully and has more than 60 people team on the ground that helps them achieve their vision.

“While customized interiors have always been the requirement of the client, we also realized that the interior designing market lacked in another aspect –Client experience. Whenever you talk to someone about their residence interiors, we could hear only grievances about the delay in delivery, quality of work, contractors leaving the project mid-way without informing clients, and more. The industry needed a professional setup, and this is something that we have categorically focused upon”, says Dev.

For the founders, it’s been a great journey so far. They started small and have gradually increased the team while following the lean startup model. “We keep our expenses minimum and focus on achieving the best possible quality. It has helped us to stay afloat and stay profitable”, claims Dev. He also says since they are profitable, they have no plans of getting funding from outside and would rather take it slow. “We don’t want exponential growth, we want a growth that is sustainable and doesn’t result in diluting our quality”.

De Space currently operates and services the city of Bangalore, and has plans to expand to other cities. They recently completed their first project in Hyderabad, and also plan to enter the cities of Mumbai and Pune.

“We are taking baby steps. And while the steps may be small, we are happy they are in the right direction”, concludes Dev

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CROSS BORDER INSOLVENCY: LEGAL IMPLICATIONS ON INDIAN CORPORATES https://theceo.in/2019/06/cross-border-insolvency-legal-implications-on-indian-corporates/ https://theceo.in/2019/06/cross-border-insolvency-legal-implications-on-indian-corporates/#respond Thu, 06 Jun 2019 06:04:30 +0000 https://theceo.in/?p=62734 CROSS BORDER INSOLVENCY: LEGAL IMPLICATIONS ON INDIAN CORPORATES Cross border insolvency refers to a situation where the insolvent debtor has assets in more than one State or where some of the creditors of the debtor are not from the State where insolvency proceedings have taken place. The Insolvency and Bankruptcy Code was enacted in 2016 […]

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CROSS BORDER INSOLVENCY: LEGAL IMPLICATIONS ON INDIAN CORPORATES

Cross border insolvency refers to a situation where the insolvent debtor has assets in more than one State or where some of the creditors of the debtor are not from the State where insolvency proceedings have taken place. The Insolvency and Bankruptcy Code was enacted in 2016 but it could not cater for cross border insolvency effectively. The Ministry of Corporate Affairs, Government of India, released a draft on cross border insolvency in October 2018 which is to be inserted as a separate chapter under the present Insolvency and Bankruptcy Code 2016. It was introduced with the objective of providing ease for Creditors both domestic and Foreign to enable them to enforce their rights over assets of Corporate Debtor situated overseas or in case of Foreign  Proceedings, to recognize such insolvency Proceedings over assets in India. These draft guidelines are based on the UNCITRAL Model Law. This move will indeed be a sigh of relief for the creditors as otherwise, it was difficult to reach out to the overseas assets of Corporate Debtor.

Although, Section 234 of the Insolvency and Bankruptcy Code, 2016 provides that Central Government is empowered to enter into bilateral agreement with countries to resolve matters pertaining to cross border insolvency and Section 235of the Insolvency and Bankruptcy Code, 2016 empowers the Hon’ble Adjudicating Authority to issue letter to the Hon’ble Court of such country with whom bilateral agreement is signed, but, the provisions are not effective considering that a bilateral agreement can be enforced under this code only with  the countries which are signatory of the same. Thus, having a separate bilateral treaty with Foreign countries under the present Code becomes a cumbersome task.Therefore, upon implementation of cross border insolvency provisions it will have benefits such as reduction in time for exchanging information between countries, increase in credit recovery efficiency, cooperation between countries will help in preserving the Corporate Debtors assets, Insolvency Professionals will have access to Foreign jurisdiction assets, etc.

Some of the features of the proposed draft are that it applies to all Corporate Debtors (foreign and domestic both), unless specifically excluded by the Government. The draft provides for assistance sought in India by Foreign Court in respect of Foreign Proceedings and assistance sought by a Foreign country in respect of Insolvency and Bankruptcy Code, 2016, to initiate Proceedings under the Insolvency and Bankruptcy Code by a Foreign state through its representative against the Corporate Debtor. Therefore, upon implementation of the draft, the Foreign Representative can directly approach the National Company Law Tribunal to initiate proceedings against the debtor and exercise all the rights as a creditor. The draft also strives for giving recognition to Foreign Proceedings. The Foreign Proceedings under the proposal are categorized as Foreign Main Proceedings and Foreign Non-Main Proceedings. The Foreign Main Proceedings are those taking place in a State where the Corporate Debtor has a center of main interest as opposed to Non-Main Proceedings which takes place in a State where the Corporate Debtor may just have an establishment. This difference between the Foreign Proceedings will play a big factor in influencing the relief to be granted by the National Company Law Tribunal. The draft also expressly provides that the National Company Law tribunal must first satisfy itself that the interests of all the creditors, interested persons including Corporate Debtor are adequately protected before granting reliefs to Foreign Representative.

The draft empowers the National Company Law tribunal to seek cooperation and coordination of Foreign Courts or Foreign Representative in cross border insolvency Proceedings. The proposed draft by the Ministry of Corporate Affairs are in the right direction which will have positive implication over the Indian Corporate as these amendments strive to fill in the gaps of Insolvency and Bankruptcy Code’s Sections 234 and 235 which are meant for operation of the order of National Company Law tribunal outside India and India’s reciprocal obligation to the Foreign Courts.

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What If you can groom your career into Real Estate without any experience in the same sector ? A perfect E-learning course which also provides job solutions in Real Estate . https://theceo.in/2019/06/what-if-you-can-groom-your-career-into-real-estate-without-any-experience-in-the-same-sector-a-perfect-e-learning-course-which-also-provides-job-solutions-in-real-estate/ https://theceo.in/2019/06/what-if-you-can-groom-your-career-into-real-estate-without-any-experience-in-the-same-sector-a-perfect-e-learning-course-which-also-provides-job-solutions-in-real-estate/#respond Wed, 05 Jun 2019 06:12:53 +0000 https://theceo.in/?p=62721 FINBIX Offering : What If you can groom your career into Real Estate without any experience in the same sector ? A perfect E-learning course which also provides job solutions in Real Estate . The Real Estate sector has transformed from 2016 RERA act implemented by the Government of India and now slowly getting into […]

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FINBIX

Offering :

What If you can groom your career into Real Estate without any experience in the same sector ? A perfect E-learning course which also provides job solutions in Real Estate .

The Real Estate sector has transformed from 2016 RERA act implemented by the Government of India and now slowly getting into growth zone . India in a place where knowledge of the real estate sector in Marketing, Sales, Legal, Commercial investments and Finance in the sector is with the people who have experienced it professionally . What if there is a better way for those who want to groom or enter in the sector and need the knowledge of the same .

And after  several years India’s first simple language real estate course which enables the learner to understand the complex sector in easy way . Finbix.com was founded for the purpose to increase the knowledge among the youth and the people who are interested in the real estate sector . The course gives direction in Marketing, sales, Legal, Property Investments, Wealth building aspects and the most crucial aspect ‘finance’ in the industry .

The Inspiration :

Cutting my teeth into real estate at the age of 20 was a tough experience as I was a young kid with no knowledge to gain things instantly . I struggled over the years in sales & marketing . Ah, the field of sales and marketing in any sector teaches you so much in life , the harsh face of failure , how to keep patience , most important thing right tactical implementation in any difficult situation throughout your professional career or in the business .

The reason to open such course is to groom others and make them street smart in Real estate bussiness . Through Decision making will be easy for them – they will handle the process with ease in obstacles which will create further opportunities in any organization . Also the knowledge of the sector comes only to those who are in the sector which should be open for all .

What kind of course it would be ?

The course which gives anyone knowledge of the real estate business – Commercial , Residential, Contractual business and it will make ease in operational handling any situation , whether you are a fresher or from any other industries

Challenges I faced :

It was never easy for me to make people realize that they are perfect for the sector . Real estate is a very high paying scale industry and bring many business opportunities of which people are not aware .

Facilities our E- Learners Gets :

E – Reading panel , Videos , Tutor Classes , End to end knowledge of fundamentals by giving internship opportunity to freshers . Job opportunities for professional & freshers both (Work experience in any field)

How We keep up trusts with our learners :

How do we keep up umm that’s interesting . We don’t keep trust . We pursue with them . We make them the champion they want to be . Constructing building – well you need hell of cement concrete and guess what we are the concrete for them . We act as the rightful consultant with power of networking in the real estate sector . In simple language we have constructed a network with real estate builders, real estate Channel partners & Real estate finance companies in entire India .

Milestones Achieved :

We have so far 1800 students and with a turnover of 3.3 million . We have tied up big giants builders and NBFC’s for providing the right candidate the opportunity in our field . Several channel partners got in line to hire aggressive candidates

Plans for future :

We can step up soon in investment banking education .

Are we involved in CSR activity ?

Yes we as a team are , we look after childrens who are in need of education . We provide necessary books and sports equipments .

Any to message to share ?

What I have learned till now is that my failiures were and still the biggest asset .  When I wanted to fly to failiure taught me that it’s a step by step process and win doesn’t comes in a single stroke .

FOUNDER

PIYUSH KUMAR BISHNOI

www.finbix.com

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How to Raise Fund for a Private Limited Company? https://theceo.in/2019/05/how-to-raise-fund-for-a-private-limited-company/ https://theceo.in/2019/05/how-to-raise-fund-for-a-private-limited-company/#respond Fri, 03 May 2019 07:26:59 +0000 https://theceo.in/?p=62219 How to Raise Fund for a Private Limited Company? Puja Bhardwaj | The CEO Magazine Capital is the key factor to expand the horizon of services and resources and sustainable growth of any business. And, lack of funding to suffice the operational requirements becomes the reason for business failure. But pitching for investments and getting a […]

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How to Raise Fund for a Private Limited Company?

Puja Bhardwaj | The CEO Magazine

Capital is the key factor to expand the horizon of services and resources and sustainable growth of any business. And, lack of funding to suffice the operational requirements becomes the reason for business failure. But pitching for investments and getting a deal is not a piece of cake. Company owners in Private Limited Company find limited sources to infuse funds for the projects and operations of the company.

In order to support entrepreneurs, here, we are listing the best sources to gain funding and keeps business functioning after the incorporation as a Private Limited Company:

Bank Finance

Bank is one of the most important resources for taking financial support. A Company can easily take term loan and a working capital loan from banks or other financial institutions against the security of its assets, moveable and immovable properties. There are different types of finance that a company can avail from a bank like:

  • Term Loan
  • Working Capital Loan
  • Bank Guarantee
  • Letter of Credit
  • Bridge finance
  • Cash credit
  • Bank overdraft
  • Purchase or Discounting of Bills
  • Invoice factoring
  • Trade credit/Buyers Credit
  • Packing Credit in foreign currency

Sweat Equity Shares

As per Section 54 of the Companies Act 2013, Private companies having scarce funds or startups can issue sweat equity shares to its directors or employees for consideration other than cash in lieu of the services. These shares are profitable for both the company and the Employees; the company would not have part with major funds for availing value-added services or know-how, and the employees would be inclined to work for a company in which they have a stake.

Angel Investors

Angel investors are high net worth persons, who lend funds in exchange for the ownership stake in any company. Because they get equity position in the company, angel investors provide substantial amounts of capital when they find the company where they wish to invest. Angel investors are mainly founder professionals in private equity; it any business wants funding, it must pitch its need for financing with current financial statements, complete business plan, and a viable exit strategy.

Venture Capitalists

Venture capitalists invest in business during the startup stage. If they believe the business will be profitable, the venture capitalist invests money in exchange for equity in the form of company shares. And, when the company makes money, the venture capitalist also earns profits.

Preferential Allotment

Preferential allotment of shares is made according to the provisions of Section 62 (1) (c) and Rule 13 of Companies Rules 2014. Preferential offer is basically an issue of shares by a company to choose any person or group according to its preference. It does not include shares issued by way of private placement, rights issue, bonus issue, employee stock option or the like. A company can issue shares on a preferential basis to its promoters, other companies, venture capitalists, angel investors, etc. for raising funds as required by it.

Friends and Family

Initially, personal resources are used to finance business operations in a private limited company. Once financing from personal savings dries up, owners may get financial support from their friends and family members. Here the plus point is that friends and family who invest in the business do not take an active role in operations.

Conclusion

For any business, there is a need for outside sources of capital. A business without external funding cannot go too long and unable to take advantage of market opportunities. While the plethora of lending options may make it easier than ever to get started, business owners should make ways to get the required financial assistance.

Know the disadvantages and advantages of Private Limited Company

How to register a company?

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eMudhra Launches New Version of eSign Services https://theceo.in/2019/05/emudhra-launches-new-version-of-esign-services/ https://theceo.in/2019/05/emudhra-launches-new-version-of-esign-services/#respond Thu, 02 May 2019 12:35:07 +0000 https://theceo.in/?p=62215 eMudhra Launches New Version of eSign Services India, April 24,2019: eMudhra, a licensed Certifying Authority under the Controller of Certifying Authorities (CCA), India, announced the launch of new version of eSign  services (version 3.0), which offer users a new and innovative way to quickly sign documents using cloud based electronic signatures generated relying on an […]

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eMudhra Launches New Version of eSign Services

India, April 24,2019: eMudhra, a licensed Certifying Authority under the Controller of Certifying Authorities (CCA), India, announced the launch of new version of eSign  services (version 3.0), which offer users a new and innovative way to quickly sign documents using cloud based electronic signatures generated relying on an offline e-KYC mechanism. In fact, eMudhra is the first licensed e-Signature Service Provider (ESP) in the country to roll out the new eSign services.

Unlike in the past where the users had to carry out e-KYC every time they wanted to generate and use electronic signatures, the new eSign services prompt the user to create an e-KYC account, which is valid for 2 years, and e-verify the credentials once. From that time on, all that the user has to do is login into the e-KYC account using OTP & PIN, and generate eSign 3.0 compliant signature to electronically sign any number of documents. This cloud based signing process removes the requirement of complicated hardware (USB Token) or client software to fulfill digital signing requirements of the user. On the other end, the open APIs available with this service makes it easy for online service providers such as banks, insurance providers and e-commerce companies to quickly integrate eSign 3.0 facility (provided by eMudhra), making the feature of non-repudiation more robust in their existing service.

Vijay Kumar, Head – Technology, eMudhra says, “The new eSign in its revived form is very transformative and will go a long way in driving the paperless initiatives of government as well as private institutions. We are thankful to the Controller of Certifying Authorities for bringing in this proactive reform in the eSign ecosystem.”

Vijay Kumar, Head – Technology, eMudhra

V. Srinivasan, Chairman, eMudhra says, “As the new eSign is cloud based, it can facilitate e-Signatures from mobile devices, thereby taking digital transformation to the next level. We expect significant uptake of the new eSign across multiple industries such as BFSI, education, healthcare and many more.”

About eMudhra:

eMudhra is a licensed Certifying Authority under Ministry of Information Technology, India and has issued digital signatures to over 40 million customers in the country. eMudhra also holds the Chairmanship of Asia PKI Consortium, Chairmanship of the India PKI Consortium, and is a member of the UN council on Blockchain. At eMudhra, innovation is one of our core principles and our product development efforts are aimed towards building cutting edge IP that can accelerate the world’s transition to a secure integrated digital society.

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Partnership Firm: Drawback and Benefit https://theceo.in/2019/04/partnership-firm-drawback-and-benefit/ https://theceo.in/2019/04/partnership-firm-drawback-and-benefit/#respond Thu, 18 Apr 2019 07:06:11 +0000 https://theceo.in/?p=62124 Partnership Firm: Drawback and Benefit Puja Bhardwaj | The CEO Magazine The partnership is basically the relation between persons who have agreed to share the profits of the business carried on by all or any of them acting for all.  The owner of this firm are individually called partners, and collectively they are called as firm. […]

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Partnership Firm: Drawback and Benefit

Puja Bhardwaj | The CEO Magazine

The partnership is basically the relation between persons who have agreed to share the profits of the business carried on by all or any of them acting for all.  The owner of this firm are individually called partners, and collectively they are called as firm.

 There are both pros and cons in starting a partnership firm. Here is the list to evaluate whether it is beneficial or full of losses:

Capital Availability

 Unlike One Person Company, partnership firms are formed with more than one person that brings more capital for investment.  It also boosts the borrowing capacity of a firm. Furthermore, the lending institutions also perceive less risk in granting credit to a partnership than to a proprietorship because the risk of loss is spread over a number of partners rather than only one.

Easy to Form

The major advantage of a Partnership Firm is that it is very easy to form. It does not need different legal formalities for the incorporation of a partnership firm.  There is a rule to get the firm registered. Here, to initiate a partnership firm, one needs to do a deed, which can be oral or written.

Additional Supporter

Starting and running a company is not a piece of cake. It includes multifarious responsibilities and hurdles.  But starting a partnership firm incorporation with two or more individuals, who support each other with all the business tasks bring additional helping hands. Work is done faster, and the partners might be able to tackle more than if they worked alone.

Create Teamwork

Partnerships form an atmosphere for teamwork as all parties involved have a vested interest in the success of the business. It boosts developing excellent strategies and ideas to grow and operate the business. Partnerships allow for multiple concepts while making decisions, and this is a definite benefit over one person doing it on their own. There is also the added benefit of increased capital investment from each partner, which can aid in the crucial period when establishing the venture.

Drawback of Partnership Firm  

Less Trustworthy

Apart from all the positive and negative point, the most important factor is that people do not trust a partnership firm easily. Reason being, the partnership firm does not require any sort of registration or the structure of this firm. It makes the firm difficult to gain the trust of anyone.

No Limit on Liability

In a partnership firm, the liability of the partner is not limited, and any of the partners may be called upon to pay all the debts even from its personal properties. When a partner takes even a single step that is wrong, it leads other partners in huge losses and liabilities.

Create Disagreements

It is a fact that in partnership firm when people work together, there’s potential for conflict. Here, an individual does not have total control over the business. Decisions are shared, and differences of opinion can lead to disagreements. Sometimes, one partner disagrees with other’s decisions. And, they even get sick of working with each other. If this happens, one can’t easily dissolve the partnership.

Sudden End

The partnership can bring a sudden and unexpected end to a well-growing company. A partnership is dissolved as soon as one of the partners dies, retires, resigns, files for bankruptcy, or otherwise quits.

Like different types of business organization, the partnership is also a mixture of positive and negative points. One side, a partnership might not be ideal for everyone but, it has some unique advantages that other business structures do not have.

Click to know about the C Corporation

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C Corporations: all positive and negative points https://theceo.in/2019/04/c-corporations-all-positive-and-negative-points/ https://theceo.in/2019/04/c-corporations-all-positive-and-negative-points/#respond Thu, 18 Apr 2019 07:00:27 +0000 https://theceo.in/?p=62120 C Corporations: all positive and negative points Puja Bhardwaj | The CEO Magazine A C corporation is a business term that is used to describe a unique kind of entity in which profits are taxed separately from its owners as per the subchapter C of the Internal Revenue Code.  A C corporation is owned by shareholders, […]

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C Corporations: all positive and negative points

Puja Bhardwaj | The CEO Magazine

A C corporation is a business term that is used to describe a unique kind of entity in which profits are taxed separately from its owners as per the subchapter C of the Internal Revenue Code.  A C corporation is owned by shareholders, who must elect a board of directors that make business decisions and oversee policies.

There are multiple advantages of operating as a C Corporation:

  • The owners of a C corporation do not have to carry a lot of liabilities, as they have limited liability. And, they do not stand personally liable for debts incurred by the business. In this business entity cannot be sued individually for corporate wrongdoings.
  • A C corporation is the best way to split the corporate profit amongst the owners and the corporation. It results in overall tax savings. The tax rate for a corporation is less than that for a person.
  • A C corporation limits the personal liability of the directors, shareholders, and also employees. In this business entity, the legal obligations of the business do not become a personal debt obligation of any individual working in the company.
  • It is a strong positive point of c corporations that if legal action is brought against the C Corp, the plaintiff(s) are not allowed to go after the owners or shareholders personal assets.
  • C corporations have easy access to investments. It is rather easy for a C Corp to attract investors, as there is no limit in the number of investors in the company.
  • Apart from the governing documents of the corporation, there are no restrictions on who can own stock in a C corporation.
  • C corporations can have unlimited number of shareholders from worldwide.

Drawbacks of C Corporations

While C Corporation comprises multifarious merits, as mentioned above, there are some drawbacks as well, like other kinds of business operation. It is important to know the drawbacks before choosing to operate a C Corp.

C Corporations are the perfect option for a business that sells products, has a storefront and employees with or without a warehouse where it keeps its inventory. C-Corps is not suitable for the businesses that want to hold appreciating assets, like real estate, because of the tax treatment on the sale of these assets. Double-taxation is a common issue with C-Corp. It mainly happens when a C-Corp has a profit left over at the end of the year and wants to distribute it to the shareholders as a dividend. The corporation pays taxes on that profit, but once it distributes the profit to its shareholders, those shareholders need have to declare the dividends they gain as income on their personal tax returns, and pay taxes.

How to register a company?

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Advantages of Initiating a Private Limited Company https://theceo.in/2019/04/advantages-of-initiating-a-private-limited-company/ https://theceo.in/2019/04/advantages-of-initiating-a-private-limited-company/#respond Thu, 18 Apr 2019 05:57:32 +0000 https://theceo.in/?p=62115 Advantages of Initiating a Private Limited Company Puja Bhardwaj | The CEO Magazine Private Limited Company is the most famous type of business entity in India. It limits owner liability to their shares and restricts shareholders from publicly trading shares. The registration of Private limited company is governed by the Companies Act, 2013 and the Companies […]

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Advantages of Initiating a Private Limited Company

Puja Bhardwaj | The CEO Magazine

Private Limited Company is the most famous type of business entity in India. It limits owner liability to their shares and restricts shareholders from publicly trading shares. The registration of Private limited company is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, there is a need for a minimum of two shareholders, and the maximum number of members is 200.

A Private Limited Company is considered as a hybrid business entity that combines the advantages of a corporation and a sole proprietorship. Here, there are some essential points, showing the benefits of initiating a Private Limited Company:

Separate Legal Entity

A Private Limited Company is a legal entity and a juristic person, company has a wide range of legal freedom such as owning property and incurring debts. In this type of business entity, the shareholders of a company do not have personal liability to the creditors of a company for the company’s debts.

Limited Liability

In private limited company, there is limited liability. Limited liability basically shows the status of being legally responsible only to a limited amount for debts of a company. In this kind of business, the liability of the shareholders in respect of the company’s debts is limited to the equity invested by them in the company.

Limited Risk to Personal Assets

Since the shareholders of a private limited company have limited liability so, a shareholder is liable to pay for the company’s liability only to the extent of the contribution made by him.

Do Business Globally

There was a time when Indian companies used to develop products for foreign businesses. Present-day, Indian startups are developing products and competing globally.  Private limited companies are the unique kind entities that allow for 100% FDI through the automatic route, meaning, any foreign entity or foreign person can invest in a company without any prior government approval. Therefore, if any entrepreneur has aspirations for going international, then it is best to start a private limited company.

Management Under control

Because the parent company controls 100% shares of its subsidiary, it is able to maintain strict operational management of the private limited company in India.

Easy Transferable Ownership

 The shares and other interest of any member in the Company tend to be movable property and can be transferred in the manner so provided by the Articles of such company. It makes it easier to subscribe or leave the membership of any Company. Besides, it also enables an easier transfer of ownership.

Tax Benefits

The private limited entities are the best option when it comes to tax savings. Under it, owners report the profits and losses of the business on their personal tax returns so; it results in lower taxes compared to a corporation.

Apart from the above, there are many benefits:

  • In a private limited company there is no need to prepare a report on the Annual General Meeting at the time of annual filing
  • It is not necessary to have two directors to establish business with private limited
  • The structure of a Private Limited Company is perfectly suitable for both profit or non-profit use

These are the advantages of a private limited company. Though, it has disadvantages too like this kind of entities is more expensive than sole trader or partnership, owner of the company get less personal control over the company to sole businessman due to compliance issues and more. All in all, it can be said like every coin has two faces head and tail, this business entities has also both advantage and disadvantage.

Click on the Link How to register a company in India?

Do know about Limited Liability Company?

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Limited Liability Company: Profit and Loss https://theceo.in/2019/04/limited-liability-company-profit-and-loss/ https://theceo.in/2019/04/limited-liability-company-profit-and-loss/#respond Thu, 18 Apr 2019 05:41:48 +0000 https://theceo.in/?p=62112 Limited Liability Company: Profit and Loss Puja Bhardwaj | The CEO Magazine The limited liability company is based on great flexibility and it requires less paperwork. This business entity provides limited liability protection features of a corporation and the tax efficiency and operational flexibility of a partnership. In this kind of company, owners are not taxed […]

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Limited Liability Company: Profit and Loss

Puja Bhardwaj | The CEO Magazine

The limited liability company is based on great flexibility and it requires less paperwork. This business entity provides limited liability protection features of a corporation and the tax efficiency and operational flexibility of a partnership. In this kind of company, owners are not taxed as a separate business entity but, all profits and losses are distributed among each member. The members of the company report profits and losses on their personal federal tax returns. And, the owners of an LLC have no personal liability for the obligations of the LLC. It is the perfect choice for people who are looking to flow through losses to its investors because an LLC offers complete liability protection to all its members.

Though, LLCs includes a lot of advantages, all of them cannot be described into a single article. These are some important benefits of starting business as a Limited Liability Company:

Limited Liability: Limited Liability Company offers protection for the owner against a possible lawsuit. The owner is considered a separate entity from the company. Here, creditors do not have the right to seize the owner’s personal assets or property to satisfy a judgment against his business.

Flexible management: The flexible management structure makes LLCs best option to initiate and perfect to run. There is no need for a team to keep the organization running; Limited Liability Company can be managed by the owners or by managers.

Taxation: The tax rate varies as per the income of the owner. At higher levels of net income, it is possible that the company is paying taxes at a lower tax rate than a corporation.

Profit Distribution: In a Limited Liability Company, there is the freedom of selecting any form of profit distribution. It is not compulsory that it will be in the ratio of the ownership between different members.

No Legal Formalities: It is one of the best parts about LLCs that they do not have a legal requirement to conduct formal meetings, maintain minutes of the meeting, or record resolutions like One Person Company.

While LLCs comprise multifarious positive points and they bring profits for most businesses. But there are certain factors of an LLC can prove to be disadvantageous. Some of the disadvantages of an LLC are:

Complexities in Formation: It is a fact that the paperwork and also the complexities related to LLCs are less than those needed for forming a corporation. But its formation is still substantially tougher than a partnership or sole-proprietorship.

Raising Money: In Limited Liability Companies, there are the lack of a strict corporate structure and taxation system. It creates doubts in investors, and they get hesitated in investing their money into an LLC.

Ownership Transfer: Apart from all the positive and negative point, one of the important points about a limited liability company is that here, it is harder to transfer ownership than a corporation.

Confusion about Roles: Unlike other corporations, where everyone has a specific role such as director or manager or employees, Limited Liability Company does not have. It makes it tricky for the company and especially investors to know the actual head to lead the company and sign certain contracts, etc.

The above points that show one side LLCs presents a great combination of flexibility and protection, another side; they shield members from personal liability, while affording them an array of tax options. So the topic can be concluded with this final statement- this type of business is right for you or not, it can be decided according to your desire, goal, backup and other essential factors.

Read about the Private Limited Company.

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Merit and Demerit of One Person Company https://theceo.in/2019/04/merit-and-demerit-of-one-person-company/ https://theceo.in/2019/04/merit-and-demerit-of-one-person-company/#respond Tue, 16 Apr 2019 07:08:41 +0000 https://theceo.in/?p=62080 Merit and Demerit of One Person Company One Person Company is a type of modern business entity. It allows operating a corporate entity by a single entrepreneur with limited liability protection. OPC is also said as a combined package of a Sole Proprietorship business and a Company, borrowing the best of both worlds. It came […]

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Merit and Demerit of One Person Company

One Person Company is a type of modern business entity. It allows operating a corporate entity by a single entrepreneur with limited liability protection. OPC is also said as a combined package of a Sole Proprietorship business and a Company, borrowing the best of both worlds. It came into existence after the Companies Act, 2013. The purpose of this type of business organization is to encourage startups. With this kind of business entity, any person can start business individually without thinking about other subscriber or shareholder.

A One Person Company comprises many benefits from a lower rate of Interest on loans to easy funding from the bank without depositing any security to a certain limit and many more. All these advantages work like a boon to any business in initial years.

Here are some insights of One Person Company; some of the points show the positive side and some show negative side.

Merit of OPC

  • To initiating one person company, one does not have to make a big investment. If you have a bank account having a minimum balance that could be as much less as 5000, you are eligible to start your business.
  • There are many relaxations in OPC. There is no need to hold the annual or general meeting every year also no need to maintain the quorum during the meetings.
  • As the OPC is registered under the Act, it enjoys the same value as of a Private Limited Company with increased trust as well as legal status. How to register a company?
  • As it becomes a corporate entity after its incorporation, the business owner can easily avail loans and the credit facilities from the bank.
  • Since the One Person Company is protected by only limited liability so, the personal assets of the owners are safeguarded.
  • In this business venture, it is easy to get accounts audited and file annual returns with the signature of its director.
  • As there is only one, it boosts quick decision-making, controlling and managing the business without following any elongated processes and methodologies.

Demerit of OPC

  • Once a person incorporates One Person Company, he needs to wait until the expiry of 2 years from the date of incorporation to convert it into a private or public limited company.
  • OPC cannot raise funds by selling its shares, and hence those startups do not prefer this business origination, who wants to start their business venture by funding.
  • One Person Company is not suitable for complex business such as NBFC, and also it cannot be incorporated as a Section 8 company.
  • In, One Person Company, the high tax rate is a big disadvantage. Here, the owner is directly charged 30% income tax.
  • One Person Company is not suitable for the entrepreneurs, who are looking for a high turnover business. Here, the better choice is to build up a private limited company. Conversion of One Person Company into Private Limited Company is not considered a good idea.
  • OPC is limited to only one shareholder that means one cannot offer part ownership to any other person.
  • One Person Company cannot invest in the shares and securities of another corporation which is not a good part for OPC.
  • Incorporation of One Personal Company involves more paperwork than incorporating a sole proprietorship.

In summary, it can be said that the concept of One Person Company is a perfect blend of goodness and badness. But it is still novel in India and an unfamiliar concept for many people. It will take some time for people to understand this new concept. It provides a newer platform for small and mid-level entrepreneurs and provides legal protection to the unorganized Indian businesses.

Click to know the type of business entities

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How to Register a Company in India?   https://theceo.in/2019/04/how-to-register-a-company-in-india/ https://theceo.in/2019/04/how-to-register-a-company-in-india/#respond Tue, 16 Apr 2019 06:44:53 +0000 https://theceo.in/?p=62076 How to Register a Company in India?   Each business in India is registered according to the procedure initiated by the Ministry of Corporate Affairs (MCA) of the country. And, it is so efficient and quick that we can get a company formed in just 7 days. All the documents are filed electronically without any […]

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How to Register a Company in India?  

Each business in India is registered according to the procedure initiated by the Ministry of Corporate Affairs (MCA) of the country. And, it is so efficient and quick that we can get a company formed in just 7 days. All the documents are filed electronically without any physical appearance in any Gov. Office.

The registration process includes some rules and some registration like Digital Signature Certificate (DSC), Director Identity Number (DIN) and more.

Step- 1:  Acquire Director Identification Number (DIN)

It is the very first step of the process. Here, the director of the company needs to obtain an identification number.  To get DIN, file an eForm DIN-1, it is available on the Official site of the ministry of corporate affairs. Acquire the provisional DIN by filing application Form DIN-1 online. Now, get the hardcopy of the application, sign on it and send for approval to the ministry along with proof of identity and address. After verification and approval, a permanent DIN is issued.

Step- 2:  Register for a Digital Signature Certificate (DSC)

Digital Signature Certificate is the digital equivalent of physical or paper certificates and used to prove the identity. Register for the DSC online at the official website MCA. Besides, it can be obtained from one of six private agencies authorized by MCA 21. Here, one needs to submit the prescribed application form along with identity and address proof.

Step- 3:  Create an Account on MCA Portal

Create an account on the MCA portal. It will be a registered user account to fill an eForm, to make online payment and different transactions as registered and business user.

Step- 4:  Incorporation of the company

It is the final step of company registration that includes getting the name of the company, registering the office address and notice for appointment of company directors, manager, and other heading positions.

Form-1 A

Form-1A is the application form for the availability of a company name. When one applies for a new company name, the MCA will suggest four different names; he has to select one among them. To do the same, fill Form-1A and submit.

Form-1

Form-1 is for declaration for incorporation of a company, in this form, fills the same name which would be chosen during the application of form-1A.

Form-18

Form-18 is for notice of the situation of a new company office or change of situation of previously registered office. For a new company, fill the form with genuine office address and submit.

Form-32

Form-32 is for notice for the appointment of new Directors, Managers, and Secretary in a new company. After the submission of these forms, when the application has been approved by MCA, there will be a confirmation email for the application for incorporation of a new company.

Step- 5:  Obtaining Company Name

For obtaining a name for your new company, fill the Form-1A with the Registrar of Companies (ROC) of the state. Provide four alternative names for the proposed company. The name shall not resemble the name of any other company already registered or violate the provisions according to Act, 1950.

In this form, fill the name and addresses of directors (minimum 2 for a private and 7 for a public company), the main objects of the company and authorized capital as well. Within10 days, the ROC will inform you about approval or objections. After approval, you will receive a formal letter regarding the confirmation of the same.

Step- 6:  Other Formalities

  •    Obtain a TAN card
  •    Obtain a PAN from income tax debt
  •    Documents obeying shop and establishment acts (if needed)
  •    For foreign trade, Registration documents of import-export code from Director General of foreign trade (if needed)

Both Indian and foreign directors have to keep valid Digital Signature Certificates from authorized agencies.

Do you want to know the types of business entities?

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Types of Business Entities to Start in India https://theceo.in/2019/04/types-of-business-entities-to-start-in-india/ https://theceo.in/2019/04/types-of-business-entities-to-start-in-india/#respond Fri, 12 Apr 2019 06:13:24 +0000 https://theceo.in/?p=62045 Types of Business Entities to Start in India Presently, India is considered an emerging market with a lot of opportunities for investors. The diverse economy presents all sorts of business entities for doing business in the country. Here, there are five major business entities, which are trading in the entire country: Sole proprietorship A sole […]

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Types of Business Entities to Start in India

Presently, India is considered an emerging market with a lot of opportunities for investors. The diverse economy presents all sorts of business entities for doing business in the country. Here, there are five major business entities, which are trading in the entire country:

Sole proprietorship

A sole proprietorship is a business that is owned and managed by a single person; it is also known as a one-man army. The liability of the sole proprietor is limited to the extent of capital contributed by him. As it is run by a single owner so, all the profit and loss is shared by that single person only. It is quite famous among the unorganized sector, mainly small traders and merchants. There is no such thing as registration; proprietorships are recognized by other registrations, such as a service or sales tax registration.

Features

  • Sole Proprietorship doesn’t have any legal formalities
  • Its advantages include ease of formation and less legal formalities
  • The owner is the sole recipient of all profits and bearer of all loses
  • The owner is liable for all the business debts

Partnership Firm

Partnership firm is initiated with the relation between persons who have agreed to share the profits of the business carried on by all or any one of them acting for all. The minimum members to form a partnership are 2, and the maximum is 10. It is governed by the Indian Partnership Act 1932.

Features

  • In a partnership firm, the regulatory and disclosure norms are relatively simple
  • Every partner gets unlimited liability
  • The profit shared among partners is on the basis of the agreed ratio

Limited Liability Companies

Limited Liability Companies provide limited liability to owners. It is a corporate body and has its own existence in the eyes of the law. The act of 2008 gives LLP the freedom to manage its own affairs. It is a cheaper approach to incorporate as compared to a Private Limited Company and requires less compliance.

Features

  • To become a partner of LLP, there is no a huge lengthy complicated process
  • It is easy to form as well as easy to become a partner
  • It limits the liabilities of its partners to their contributions to the business and offers each partner protection from negligence, misdeeds or incompetence of the other partners

Private Limited Company

Private Limited Company is the most popular business structure. It is defined as a voluntary association of not less than two and not more than 50 members. Under this business type, the liability is limited; the transfer of whose shares is limited and not allowed to invite the general public to subscribe to its shares.

Features

  • Private Limited is most suitable for modern times as it provides a path whereby ownership can be separated from management
  • It allows outside funding to be raised easily and enables shareholders to offer employee stock options to attract top talent
  • It limits the liabilities of its shareholders

Public Limited Company

A Public Limited Company is that company which is owned by the public or in which the public can subscribe. Here, there should be a minimum of 7 members, there is no upper limit.

Features

  • This kind of company can raise capital from the public directly through issues of shares.
  • The shareholders have limited liability to the extent of the face value of its shares

One Person Company in India

One Person Company in India was started under the Companies Act, 2013. It supports entrepreneurs carrying on the business in the Sole-Proprietor form of business with a Corporate Framework.

Features

  • One Person Company can be formed with only one member
  • The OPC has some industry-specific advantages

Do you know how to register a company?

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How to build your company with that million dollar idea  https://theceo.in/2018/05/how-to-build-your-company-with-that-million-dollar-idea/ https://theceo.in/2018/05/how-to-build-your-company-with-that-million-dollar-idea/#respond Mon, 14 May 2018 12:45:08 +0000 https://theceo.in/?p=58143 How to build your company with that million dollar idea  By J.Birch,TechnoloJen  When a business idea strikes you, do you do something about it or shrug it off as merely a dream? Experts suggest that you take an action and turn that million dollar plan into a business opportunity. “The value of an idea lies […]

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How to build your company with that million dollar idea 

By J.Birch,TechnoloJen Build Idea

When a business idea strikes you, do you do something about it or shrug it off as merely a dream? Experts suggest that you take an action and turn that million dollar plan into a business opportunity.

The value of an idea lies in the using of it,” said Thomas Edison, General Electric co-founder of Click to Tweet.

We have seen quite a handful of personalities in the Indian business world that have turned their startup ideas into a stream of lakhs and crores, as featured in anarticle by the Economic Times.

But how did they do it?

This article will walk you through the steps on how to successfully turn that business idea into a prosperous company.

Figure out your mission

The initial step is to have a firm and clear reason why you want to start a business, how you plan to execute the idea, and the goals of your company. The product or service you want to provide needs to be something you genuinely care about, so that it’s easier for you to personally invest time to build the company and to reach your long-term goals. There are ways on how to evaluate your business idea. JessicaMai wrote on the Business Insider the following tests:

1. Lifestyle test: What does your ideal day look like? How does each idea fit into that ideal day?
2. Circumstances test: What are your startup costs? What does the industry look like for your business?
3. Feedback: Under what conditions would you buy it? What price would you pay?

Uniqueness is the key

The startup market is saturated. So, how do you stay competitive? Being unique will help you successfully break the market. It pays to research ahead and find out who your competitors are, what they offer, and how they execute their game plans. From here, you will then have to define what sets you apart from the competition. It may be your product or service, the business process, or even the values you put into the company. These unique features will be your selling point. The clearer you are about who you are and how you want to do business, the greater the chance of succeeding.

Maximize technology

Technology is your best option to tap into the market and successfully run your business effectively. According to abusiness inspiration post by O2, “There’s more technology than ever to help you get started out in the business world.” There are tools and platforms that you can leverage to start and manage your business as well as solutions to keep you and your data safe in the cyber world.

Social media and online marketing can be your platform in reaching the mass audiences to promote and build your brand. Never underestimate the power of technology in building your business, but, of course, human connection is just as important. By blending these two elements, you will be able to get to grips with the market and build relations with consumers.

While some are blessed to have a business idea already, some are struggling to get their creative juices flowing. It helps to look for something that bugs you. The solution to your frustration, according to Jane Porter ofthe Entrepreneur, can inspire your business idea.

Once you finally have that million dollar idea, you are now ready to find ways on how to make this into a reality with the aforementioned tips in this article. Good luck.

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Budget 2017: How Different Sectors Affected By Arun Jaitley’s Announcements https://theceo.in/2017/02/budget-2017-how-different-sectors-affected-by-arun-jaitleys-announcements/ https://theceo.in/2017/02/budget-2017-how-different-sectors-affected-by-arun-jaitleys-announcements/#respond Thu, 02 Feb 2017 10:20:57 +0000 http://theceo.in/?p=4441 Budget 2017: How Different Sectors Affected By Arun Jaitley’s Announcements The Union Budget 2017 reduced tax burden to give a boost to small businesses. A tax cut of 5 per cent announcement by Arun Jaitley, Finance Minister of India is a big relief for all MSMEs and SMEs. Budget 2017 is Positive for Different Industrial […]

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Budget 2017: How Different Sectors Affected By Arun Jaitley’s Announcements

The Union Budget 2017 reduced tax burden to give a boost to small businesses. A tax cut of 5 per cent announcement by Arun Jaitley, Finance Minister of India is a big relief for all MSMEs and SMEs.

Budget 2017 is Positive for Different Industrial Segments

Industry leaders believe that the budget 2017-18 is very much positive for MSMEs, SMEs, common man, and other sectors. The announced offers will also help to drive significant growth in the overall economy which is crumbling after demonetization. In his speech, Arun Jaitely, FM mentioned that the move will make MSMEs competitive with large companies and it was a necessary step after demonetization because businesses saw a 60 percent drop in the workforce within last three months.   The budget is also positive for farmers and common buyers and will help in the overall growth of our country.  As the relief is given to the middle-class taxpayers, it will enhance their purchasing power and will also contribute to the overall growth of the economy.  Industry leaders are also happy with the FM’s commitment to implement Goods and Services Tax (GST) from 1 April 2017 for all stakeholders.

Tax Relief for SMEs

The reduction of corporate tax for SMEs with turnover less than Rs 50 crore is a welcome move as it will help in the overall growth of SMEs. Suneet Kochhar, Chairman, Punjab State Committee, ASSOCHAM said, “At least the glide path towards lower corporate tax is clear. The reduction shall be a positive booster and help widen the taxpayers’ base and enhance compliance.” He also welcomed the decision of abolition of the Foreign Investment Promotion Board. He said, “It is a great signal to the foreign investors about furthering of reforms and ease of doing business in India.”

Technology Promotion

As the Government is focusing on making India a digital economy, more emphasis laid on boosting technology sector through the 2017-18’s budget. The announcements will definitely help technology startups and big companies who will help in making India a digital country and help in adoption of new technologies in rural and semi-urban areas to make ‘Digital India’ vision a reality.  Tamaal Roy, CEO, Biomatiques Identification Solutions Pvt. Ltd said, “The Union Budget 2017 is a significant move to push digital payments. The biggest emphasize from the technology perspective is the exemption of components from taxes to encourage domestic manufacturing of these devices by providing exemptions from excise duties, BCD (Basic Custom Duties), CVD (Counter Vailing Duties), SAD (special additional duty) on miniaturized card readers and mPOS & micro ATM, fingerprint readers, scanners and iris scanners.” He praised the 2017 Budget because it has opened the doors that will allow people to avail long term benefits of digitalisation and make digital transactions more safe and secure. Incentivizing Iris based authentication can go a long way in embracing the digital way of life.

He further added, “Schemes such as Aadhaar Pay for people who don’t have mobile phones, cash back scheme for merchants, Aadhaar-based smart cards with health details for senior citizen etc. will reemphasize government’s approach towards making India a cashless economy.”

Education and Skill Development

The main highlights of the budget for education and skill development include; introduction of more than 350 online courses, a budget of Rs 2,200 crore to be used for skill strengthening, restructuring of UGC, AIIMs to be opened in other states, a greater autonomy to be provided to all major institutes and establishment of a national testing agency that will conduct all major entrance examinations pan India.  Sankalp, a market relating trading program will also be launched. Vinay Pradhan, Country Manager- India, Skillsoft said, “The announcement to set up skill centers across the country will help youth seeking opportunities outside the country. However, to achieve this proposal, the government cannot solely rely on traditional methods to develop skills. Instead, it should collaborate with the private sector to establish a robust technological infrastructure for learning and skill development. With this partnership, the youngsters, both working professionals and students in educational institutes, can have access to cost-effective self-education programs at the skill centers that have been proposed in Budget 2017.”

Vidushi Daga, Founder & Director of Clone Futura Education appreciated the move taken to skill development and implementation of quality education parameters for higher education but disappointed with the ignorance of primary education system. Vidushi said, “By introducing the practice of measuring annual learning outcome in schools is a very good move taken by the government, but the main concern is that the entire focus was only on higher education. The base of having a systematic and future-oriented education system can only be implemented by building a good platform for teachers to learn. If the primary education system is not molded, then eventually it is going to affect the higher education sector as well.” She emphasized, “There should have been a focus on how digital education can be provided to the primary school students and teachers by providing some special counseling/awareness about cyber safety, latest trends in technology and education modules etc.”

Healthcare Segment

Few provisions mentioned in the Union Budget 2017 for the healthcare sector are; eradication of the major disease like Tuberculosis, Measles, Kala Azar, and Filariasis and development of 1.5 lakhs health centers and health sub-centres to improvise the quality service are important moves. All these moves will surely help in the betterment of the healthcare sector if implemented and funded properly.  Dr. P. M. Bhujang, President, Association of Hospitals said, “Healthcare is one of the major sectors which requires additional focus in India as public health spending in India is the lowest one in the world. This is an ironic reality is that public health systems are unable to utilize the allocated budget.” He added, “The hospital infrastructure required more focus from the government as if you check the statics there are hardly beds available for the number of patients in the hospitals. The number of nurses and doctors are also very less in private as well as government hospitals.” He praised the decision of opening new AIIMS in Jharkhand and Gujarat. “However restricting to these two cannot match the number of doctors and nurses required in India”, he further added

Apart from all this, the budget being helpful for the rural development; and bringing reforms in political funding etc. Post demonetization all sectors are under stress but these announcements would bring big relief in all sectors.

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The 5 Essential Apps for Entrepreneurs to Boost Productivity https://theceo.in/2017/01/the-5-essential-apps-for-entrepreneurs-to-boost-productivity/ https://theceo.in/2017/01/the-5-essential-apps-for-entrepreneurs-to-boost-productivity/#respond Wed, 18 Jan 2017 14:13:24 +0000 http://theceo.in/?p=4405 If you are a budding startup, entrepreneur or company’s CEO, you know the time management is crucial to ensure success.  If you choose the right productivity apps for managing different tasks hassle free, this can improve productivity by getting done everything on time. But, we know that you don’t have time to find a right […]

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If you are a budding startup, entrepreneur or company’s CEO, you know the time management is crucial to ensure success.  If you choose the right productivity apps for managing different tasks hassle free, this can improve productivity by getting done everything on time. But, we know that you don’t have time to find a right app/tool for your business. Be relax, we have made a list of the 5 essential apps for entrepreneurs to increase productivity by utilizing time effectively. These apps streamline working process, make tedious job quick and easy all along preparing your team for the best performance.

Now, what exactly productivity means for entrepreneurs? Well, “It is an ability to produce something efficiently”. In simple words, it is directly concerned with the input and output of a business and your ability to do all tasks effectively.

The 5 Essential Productivity Apps for Busy Business Owners

If you are not effective and efficient, your business will die soon. Valuable technology can give you the freedom of doing multitasking hassle-free and to get done everything on time. It also helps in reviewing your business after the right time to make most of it. So, let’s get into the list of the 5 essential productivity apps for running your business like a pro;

Cloudapp (https://get.cloudapp.help/hc/en-us )

Cloudapp launched in 2010 to make small business owners life easier by making the web file-sharing process painless.  This app is used around the world to capture everything easily on computers. You can share bulky mails including files, images, and screenshots etc. easily on computer through a simple and short link. If you want to keep an unauthorized person away from the sharing information, you can do it just by using password protection feature.  In addition, if you want to determine that the recipient has viewed the shared link or not, built-in analytics will help.

Gmass (https://www.gmass.co/ )

Gmass is another handy app that particularly helps in running personalized Email Marketing campaigns! You can send individual automated emails with regular follow-ups without typing to each one separately. This is more helpful, if you have a larger pool of customers but shortage of time to spend on making personalized mails for generating more business leads. It functions like normal Gmail for free without using separate program. It exists in normal Gmail and work in a regular way without requiring any separate program. In addition, its killer features include automatic reply, tracking and scheduling functionalities helps in to know all about the results of an ongoing campaign.

Google Drive (https://www.google.co.in/drive/download/ )

Google Drive is the best extension for those entrepreneurs who are facing problem of heavy data file sharing. Multi type of files and documents can be shared into an editable format without difficulty through Google Drive App. Its interface can be downloaded easily to your system or any other electronic device and you can start sharing data without worrying about anything. As it is a cloud-based extension, you can make use of it as you go. Google Drive App can be downloaded easily on Android and iOS Devices.

Timely  (https://timelyapp.com/ )

After getting into entrepreneurship, time management is key ingredient for taking a business idea to next level. So, ‘Timely’ is an effective technology that can help you to flourish and grow fast by budgeting your valuable time. Any of you will love to use this app as it can be integrated easily with iCal, Yahoo!, Google and Microsoft as a tracking & scheduling tool. It makes you disciplined about the fixing of appointments and resulting in efficient results. If you are in a business like healthcare, fitness or running a salon or spa center where appointments are booked everyday ‘Timely’ app is very helpful. Everything can be managed via mobile by adding an online booking option on your business Facebook page and website.

Diamond

‘Diamond’ app helps in streamlining client proposals, invoices, and files that you receive every day. It enhances ability of managing everything easily so that you can analyze your files and another content hassle-free. It features a powerful search engine to make classification easily into your Mac-based systems.

 

Being a small business owner or CEO means you should have knowledge of every helping tool or technology that can aid to grow your business through enhancing productivity. Although all the mentioned apps help in enhancing the overall productivity of a business but like these tools, there are many others that can be used to streamline daily tasks, managing workflow, communicate effectively and save money and time.

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The CEO magazine’s digital platform gives you an easy access for reading the magazine https://theceo.in/2016/09/ceo-magazines-digital-platform-gives-easy-access-reading-magazine/ https://theceo.in/2016/09/ceo-magazines-digital-platform-gives-easy-access-reading-magazine/#respond Wed, 07 Sep 2016 17:47:17 +0000 http://theceo.in/?p=3781 Global Audience Reach The CEO magazine’s Online Magazine publishing gives an easy opportunity to the readers beyond regional boundaries which allow them to read the magazines through online with the help of internet. Online publishing is a wonderful way to retain readers’ interest and maintain loyalty even when readers move to another location. For readers, […]

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Global Audience Reach

The CEO magazine’s Online Magazine publishing gives an easy opportunity to the readers beyond regional boundaries which allow them to read the magazines through online with the help of internet. Online publishing is a wonderful way to retain readers’ interest and maintain loyalty even when readers move to another location. For readers, it is a favorable way of getting interest in reading in different circumstances. It is the fastest mode of reaching to the readers where it can be read with in only few minutes after publishing whereas print magazine takes at least 2-3 days after printing.

Flexibility For Magazine Content

The CEO Magazine is committed to serve a variety of contents to its readers. But, one of the limitations that print publishers have and need to work around is a fixed layout of content, which is drawn out by the number of pages allotted for a magazine. In our digital magazines, we provide contents with no limit and we serve contents on a regular basis to provide an interesting platform to the readers where they can get some additional benefits in the terms of variety of contents. Also, we do not incur any additional cost for paper and printing by adding pages to the digital magazine as with increasing the size of the print magazine.

digital_magazine

Just A Click To Turn Print To Digital

The CEO Magazine provides you a soft digital reading platform where you can read the contents easily with easy operation of internet. You have to do just one click to turn over the pages and it looks like a print format.

Not a Threat to Print

On the behalf of a survey, online magazine should not be considered as a replacement for the printed copy of magazines. As per a study, it indicates that a big number of readers still want a printed magazine. Online magazine can be a soft option in different scenario but it does not stop readers to prefer printed copy, if available.

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The CEO Magazine: How it works for entrepreneurs/business leaders https://theceo.in/2016/08/ceo-magazine-works-entrepreneursbusiness-leaders/ https://theceo.in/2016/08/ceo-magazine-works-entrepreneursbusiness-leaders/#respond Thu, 25 Aug 2016 11:41:50 +0000 http://theceo.in/?p=3721 The CEO Magazine believes that entrepreneurs are like a backbone for nations. If entrepreneurs will grow then nation will grow. In such views, magazines play a vital role to grow entrepreneurs. Magazines are the source to access information that is specifically tailored for year interests, class or age group. We also read magazines because it […]

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The CEO Magazine believes that entrepreneurs are like a backbone for nations. If entrepreneurs will grow then nation will grow. In such views, magazines play a vital role to grow entrepreneurs.

Magazines are the source to access information that is specifically tailored for year interests, class or age group. We also read magazines because it contains the fine details of an event, a personality or phenomenon. These details are usually not available through other media such as newspaper, radio and television. While newspaper contains straight forward news, magazines expired more on selected stories, giving a step further in enlightening the reader. Most newspaper contains information for the general audience. When as, individual magazines focus on specific expects of life such as parenting lifestyle, hair dressing, fashion, business, travel and religion.

entrepreneur leader

The CEO Magazine, one of the leading business magazines in India for entrepreneurs, provides one of the best ways for entrepreneurs; corporate honchos and consultants to stay abreast with the latest happenings in business through its monthly subscriptions. Not only we are availing the sea of information related to a host of arenas like economy, finance, retail and banking etc., we are also being able to shape our present and future business plans as per the in-depth analysis of the latest business trends around, from our magazines.

At The CEO Magazine, we build an environment in favor of entrepreneurs wherein they get advantage of empowering their business through sharing their business strategies with one another through our monthly magazine publications. As learn can be earned from anyone, entrepreneurs can also implement it in their own business for better growth.

The CEO Magazine is constraint to provide some unique profits to the reader through its unique methods of analyzing news and make them aware of latest trends in the market. It helps you to understand how to take right decisions.

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THE CEO Magazine: A Business Magazine of Business Leaders https://theceo.in/2016/08/ceo-magazine-business-magazine-business-leaders/ https://theceo.in/2016/08/ceo-magazine-business-magazine-business-leaders/#respond Sun, 21 Aug 2016 17:37:15 +0000 http://theceo.in/?p=3694 The CEO Magazine has been working with dedicative effort for business leaders/entrepreneurs. The magazine is one of the leading business magazines in the magazines market, which provides a platform to the business leaders to exchange their ideas, thoughts and visions. The CEO Magazine provides a convenient manner by which individuals will access necessary and relevant […]

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The CEO Magazine has been working with dedicative effort for business leaders/entrepreneurs. The magazine is one of the leading business magazines in the magazines market, which provides a platform to the business leaders to exchange their ideas, thoughts and visions. The CEO Magazine provides a convenient manner by which individuals will access necessary and relevant business ideas and information through its regular publications. The magazine is also a mode of communication among the entrepreneurs/business leaders wherein the top level of CEOs/founders/executives share their experience, challenges faced and case study, etc. Such wonderful discussion through our magazine offers a remarkable benefits to the startups as well as who has been in business for a long period.

magazine

The CEO Magazine comes with different issues for the different sections of business and it puts forward possible solutions with the help of CEO’s/entrepreneurs/business leaders by participating their thoughts and ideas in our magazine publication. We are looking forward to initiate for coming with new issues in every months. Presently we have already specified multiple segments like, health care, mobile app, ERP, mobility, telecommunication and many more. Now, we are pleased to introduce our new upcoming issue ‘education issue’ wherein we are dedicated to bring a massive change in education sector for not only educational institutes but students also. In this issue, there will be a complete package of latest trend in educational field, which will help educational entrepreneurs to understand the current requirement in the field.

In fact, we publish our yearbook as well which the book allows any reader to aware of events which can be read through just one book instead of reading monthly subscription. The readers of The CEO Magazine are well impressed with our monthly subscriptions. We are here highly motivated through getting feedbacks provided by our readers. Over thousands of readers along with the CEOs of emerged or emerging companies have appreciated our articles. Even, they shared their own opinions about the importance of the monthly subscriptions of The CEO Magazine.

Someone has well said, “Just one initiative can change the fortune of a human being.” As per the proverb, The CEO Magazine has been working consistently towards providing such ideas to the entrepreneurs. We believe in research, analyze and proper case study to find out unique solutions for the business leaders/startups by invite them in our magazine.

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Girnar Software is focused IT company working on offshore products and outsourced software development https://theceo.in/2016/07/girnar-software-is-focused-it-company-working-on-offshore-products-and-outsourced-software-development/ https://theceo.in/2016/07/girnar-software-is-focused-it-company-working-on-offshore-products-and-outsourced-software-development/#respond Wed, 27 Jul 2016 09:35:47 +0000 http://theceo.in/?p=3586 Girnar Software Pvt Ltd: Company Profile The foundation stone of CarDekho.com was laid back in March 2008, by two IIT graduates, as an initiative towards providing quality information in a quality environment on one of the biggest assets that a consumer owns in his lifetime.CarDekho.com, a flagship product of Girnar Software Pvt. Ltd came into […]

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Girnar Software Pvt Ltd: Company Profile

The foundation stone of CarDekho.com was laid back in March 2008, by two IIT graduates, as an initiative towards providing quality information in a quality environment on one of the biggest assets that a consumer owns in his lifetime.CarDekho.com, a flagship product of Girnar Software Pvt. Ltd came into existence when two brothers from the small town of Jaipur decided to go out-of-the way and innovate in the online automobile space. Beginning with technology services to numerous clients, supported with the most expert team with humble backgrounds.

Girnar Software is focused IT company working on offshore products and outsourced software development. The group company was valued at Rs. 250 crores when it picked up its first ever round of funding from Sequoia Capital in 2013. The company concluded its Series B funding in Jan 2015, picking up Rs. 300+ crores with two Hong Kong based investors besides existing investor Sequoia. This is the largest ever funding of a company in the auto portals sector in India, and GirnarSoft is now valued at Rs. 1800+ crores now. In Jan 2015, in a first-of-its kind partnership in the Indian Auto space,CarDekho.com announced an investment in the company by Mr. Ratan Tata, Chairman emeritus of the Tata Sons conglomerate. As part of this investment, Mr. Tata has agreedto advise the company as and when required. Another feather in the cap was achieved when the company announced an investment in the company by HDFC Bank, the first time ever that a top bank partnered with an auto portal at this level.

Investors in Girnar Software/CarDekho

Sequoia              

Hillhouse Capital    

Tybourne Capital             

HDFC Bank

Mr. Ratan Tata

The group’s vision is to be a multi-billion dollar company before 2021 with global footprint by creating innovative products and services.

amit jain car dekhoCarDekho.com is a member of an extended family constituted by several other similar ventures including BikeDekho, PriceDekho, TrucksDekho, TyreDekho, CollegeDekho and more. The portal touches the lives of millions through its state-of-the-art interfaces on web and mobile. It has the fastest growing mobile app adoption using Android, iOS and Windows platforms. In 2015, the auto portal went international under the brand name CarBay, covering diverse countries such as Malaysia, Indonesia, Thailand, UAE, Saudi Arabia, Brazil, and many more.

CarDekho.com, the flagship portal of GirnarSoft, is today India’s most popular and leading auto portal catering to the aspiring buyers, the proud owners, the auto enthusiasts and die-hard fans and dealers of cars across the country.  It is focused on providing consumers looking to buy/sell a new/used car with the best deals & advice on car buying and walk them through the entire process of the transaction till the delivery of the car. In the cluttered market where everyone has a view to share and influence a customer’s purchase decision, there is a strong need of a friendly expert to guide and help in making that buy/sell decision through well-informed choices. This is where CarDekho.com steps in. With the technology-led organized system CarDekho.com is able to reach every potential customer within 5 minutes of submission of an enquiry to address his/her queries related to the car and online booking process.

As per analytics data, CarDekho.com served a record 3.4 crore unique visitors over the first 4 years of its existence. At present, the website is drawing 17 million visits per month with 11 million unique visitors per month. In 2014, the company announced the acquisition of Gaadi.com, another leading auto portal of India. With the combined volumes of CarDekho.com and Gaadi.com close to 23 million monthly visits, GirnarSoft is the undisputed #1 player in auto search and lead generation business in India.The two put together boast of more than 4000 car dealer tie-ups across the country, the largest among auto portals.

CarDekho.com is the only auto portal working directly with 8 manufacturers sellingover 4000cars per month. This amounts to 15% of national sales of carsfor these OEM manufacturers.It is the only auto portal to be associated with the top players in the organized used cars segment, andalso works in collaboration with the top 4 private and government banks of the country to facilitate car buyers’ purchase and provide a seamless experience for both buyers and sellers.

Starting from the prestigious ‘Best Automotive Website of 2009’, CarDekho.com has been presented with various tokens of appreciation by a number of esteemed institutions, including the awards for the ‘Best Car Website 2012’, ‘Most Popular Website 2012’ and has been awarded ‘Website of the Year India’ thrice in the last four years – in 2011, 2012 and 2014.

Headquartered in Jaipur, CarDekho.com has offices in Gurgaon, Bengaluru, Hyderabad and Mumbai.

For more details, visit: www.CarDekho.com

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Professional Ceo Magazine in India https://theceo.in/2016/07/professional-ceo-magazine-india/ https://theceo.in/2016/07/professional-ceo-magazine-india/#respond Mon, 25 Jul 2016 13:32:20 +0000 http://theceo.in/?p=3556 Magazines are the source to access information that is specifically tailored for your interests, class or age group. We also read magazines because it contains the fine details of an event, a personality or phenomenon. These details are usually not available through other media such as newspaper, radio and television. While newspaper contains straight forward […]

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Magazines are the source to access information that is specifically tailored for your interests, class or age group. We also read magazines because it contains the fine details of an event, a personality or phenomenon. These details are usually not available through other media such as newspaper, radio and television. While newspaper contains straight forward news, magazines expound more on selected stories, giving a step further in enlightening the reader. Most newspaper contains information for the general audience. Whereas, individual magazines focus on specific expects of life such as parenting lifestyle, hair dressing, fashion, business, travel and religion.

ceo magazine

Specialty publications that appeal to a wide audience include those with articles about diet, exercise, fitness,sex and sexuality. Some sports magazines narrow the scope to focus on individual categories of football, wrestling, baseball and hockey.

Like a television series, some magazine run stories in one edition and continue them in the next one, encouraging their ardent readers to buy successive edition. Many reader buy magazines to know what their favorite celebrities have been up to. There are women’s magazines, man’s magazines and those are that target teenagers. With the development of the internet, many traditional magazines have online version, commonly referred to as e-zines. As magazines have more picture than newspapers, people often read them to be entertained while gaining information at the same time, magazines use ground wood paper, coated and un-coated offset paper and foresheet paper with different grade specification and weight.

Magazines are very useful for business owners. The entrepreneur, Business insider and The CEO Magazine are magazines the publish article about successful business owners. Some articles profile one entrepreneur, while others profile a complication of business owner with something in common, such as millionaire business owners under 30.

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Panic Buying in Last Resort of Investment https://theceo.in/2016/07/panic-buying-in-last-resort-of-investment/ https://theceo.in/2016/07/panic-buying-in-last-resort-of-investment/#respond Sun, 24 Jul 2016 09:43:50 +0000 http://theceo.in/?p=3622 Panic Buying in Last Resort of Investment By  Biswajit Behera Whenever Gold traded above 30,000 psychological level, it’s an alarm button for Indian household. What leads gold to sustain above 30,000 level? Why Indian investor should not be worried? What leads Gold to sustain above 30,000 level? Historically, we have seen Gold rally during time […]

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Panic Buying in Last Resort of Investment

By  Biswajit Behera

Whenever Gold traded above 30,000 psychological level, it’s an alarm button for Indian household.

What leads gold to sustain above 30,000 level? Why Indian investor should not be worried?

What leads Gold to sustain above 30,000 level?

Historically, we have seen Gold rally during time of turmoil or uncertainty in Global growth.  Definitely the question arises in our mind, Why Gold price to be increase when there is an uncertainty. Yes, when there is an uncertainty in the global market it impacts investment related product such as Equity, Fixed Income and other alternative investment hence it forced global investors to park their money in last resort of investment.

Since 2008 crisis, Global central banker have cut interest rate many times and some countries its negative, they have injected around 13 trillion Dollar into the global financial system through various Quantitative Easing programs. But despite these unprecedented measures, the global economy is still struggling. During 2008 crisis, Gold price was around 10,000 and now it’s trading around 32,000.

Gold is always acts as insurance for investor to safeguard their investment during turmoil.

In one of my article, I have mentioned we may see volatility in Gold from June onwards towards $1380 level.

After BRIEXIT, Global investor have shifted their money into Gold. Holding in Gold-backed exchange traded fund surpassed 2,000 ton level which is highest since July 2013.

Why Indian investor should not be worried?

Indian household buy physical gold for weeding or as an appetite to hold it. They don’t buy it as investment horizon like for short-term basis to gain some return. This rally in gold due to recent UK exit from European Union hence global investor parked their money in last resort of investment. So Indian household should not worried on short-term volatility.

When we say gold will continue to rally it means we have doubt on global growth. Yes, Global uncertainty still persist and to be continue for few year. But uncertainty is for time-being whereas growth is certain hence my view for Gold is in long-term bearish. My view for Gold is remain unchanged despite uncertainty and volatility we can see price towards 28000 level in end of 2016.

(Biswajit Behera is a Certified Equity Research Analyst and the views expressed in this article are those of the author)

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Online Ceo Magazines in India https://theceo.in/2016/07/online-ceo-magazines-india/ https://theceo.in/2016/07/online-ceo-magazines-india/#respond Thu, 21 Jul 2016 09:17:16 +0000 http://theceo.in/?p=3536 In 1663, It was a great year in the term of magazine which could be called the times publication you, It was launched as a literary and publication edition with some of periodicals issues in Germany. Here, the word “Magazine” appeared in the year 1731, which comes from, the Arable word which means the warehouse, […]

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In 1663, It was a great year in the term of magazine which could be called the times publication you, It was launched as a literary and publication edition with some of periodicals issues in Germany. Here, the word “Magazine” appeared in the year 1731, which comes from, the Arable word which means the warehouse, and was used for describing the place which deposits large Quantity of carious goods, while the analogy used to describe a book that continued many useful information for travelers and later but with a good speed, It entered in Indian magazine segment has been on a steady growth path. As the magazines are a remarkable source of transforming the information in multiple sections of society, multiple brands of the magazines have been published for the different sections of society.

magazines

In some of sections like business, education and fashion, the related magazines have been playing a vital role for the people.The week , the first Indian magazine which has been published in December, 1981.Lter, many other magazines has been launched in Indian media market some of the famous magazine  are Filmfare Magazine, Student Magazine, Indian today, Outlook, Woman’s era, Femina  Magazine,Tehaelka Magazine and the CEO magazine. As India has a strong competitive market, It has been always a critical task to launch a brand in Indian market. However, some of the magazines entered with a steady growth. The CEO Magazine, one of the leading business magazine in India, has been launched and establish in 2015. Within a year, many leading technology companies have share their strategy and ambitions through Questionnaire with the CEO magazine.

According to the recent report, the driving forces of today that can help this segment grow tomorrow.

The Indian magazine sector has grown the business by INR 14.9 position in 2009. The segment’s revenues increased at 7.2% Y-B-Y in the year 2009.

It is a fact that a magazine is like a dear, old friend who comes to visit you on a regular basis. This friend, perhaps consider a mentor, has travelled extensively since you last saw each other and has lots of new ideas based on the theme of your continued and ongoing dialogue.

It can be also considered that It is the form of product rather than its substance that maintains its hold on the public. A magazine can be a good motivator which may assist you to organize your plan and let you come on right path.

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Inspiration for Creating Online Magazines https://theceo.in/2016/07/inspiration-creating-online-magazines/ https://theceo.in/2016/07/inspiration-creating-online-magazines/#respond Mon, 18 Jul 2016 11:59:38 +0000 http://theceo.in/?p=3467 Magazines have become essential key to empower the people of different sections of society. It covers news and editorials globally on Current Affairs, Controversies, Politics, Business & Finance, Trade and Industry, Sports News, Music and art, Entertainment, Film reviews, Bollywood News, Parenting, health and fitness and many more in English, Hindi and other regional languages. […]

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Magazines have become essential key to empower the people of different sections of society. It covers news and editorials globally on Current Affairs, Controversies, Politics, Business & Finance, Trade and Industry, Sports News, Music and art, Entertainment, Film reviews, Bollywood News, Parenting, health and fitness and many more in English, Hindi and other regional languages. Earlier, it was a form of only print media but now, it has been read through online services as well.

The advantages of online news on its adoption and use

According to studies in this field have shown that there are some socio-technical advantages that have determined the adoption and use of online news:

• multitasking
• more news choices
• in-depth and background information
• 24/7 updates
• customization
• ability to discuss the news with peers
• the existence of different viewpoints
• the opportunity to “talk back to the media”
• Much cheaper than printing
• Greater circulation and subscription potential – global coverage
• No technical experience required to create and distribute
• Bring your content to life with video, sound and interactive links
• Make your entire back catalogue available online

Online magazines can convert paper-based media into a digital format, transforming one-dimensional magazines, brochures, books and other publications into fully interactive digital dynamite.

magazine

Most of the online magazines providers provide free access to all aspects of their online content. However, some publishers ask for subscription charge to access premium online articles and other media content. Online magazines may generate revenue based on targeted search ads to web-site visitors, banner ads.

What’s in it for the reader?

Access the magazine anytime, anywhere
Download now – read later
Visually appealing – vibrant colors, easy to read and ‘clean’ format
Easy to use – simple page turning functions, zoom and search facility
Flexible – print selected pages or run off the whole publication
Easy to circulate the email or URL to friends, family and colleagues
Click straight through to advertiser’s websites
Meets the growing global preference for web-based content

Save

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SK Robotics will introduce Robot in every home by 2020. https://theceo.in/2016/05/sk-robotics-will-introduce-robot-in-every-home-by-2020/ https://theceo.in/2016/05/sk-robotics-will-introduce-robot-in-every-home-by-2020/#respond Thu, 26 May 2016 06:20:04 +0000 http://theceo.in/?p=3413 SK Robotics will introduce Robot in every home by 2020.    As automation is becoming more and more important in today’s world, robotics as a system is also becoming more acceptable and adoptable in various sectors. Apart from hospitality, medical and industrial sectors, robot driven services are now used for domestic work also. SK Robotics is […]

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SK Robotics will introduce Robot in every home by 2020.

   As automation is becoming more and more important in today’s world, robotics as a system is also becoming more acceptable and adoptable in various sectors. Apart from hospitality, medical and industrial sectors, robot driven services are now used for domestic work also. SK Robotics is a specialist in operating robots and providing the best robotic services for cleaning applications at the most affordable prices. SK Group gives the guarantee of exceeding international standards. The company has turned into a competitor to the market leaders like ABB, KUKA, PANASONIC, TOYOTA, FANUC, SCHNEIDER and SIEMENS. Surprisingly enough, the products offered by SK Robotics are cheaper than even the China-made products.

   The company has already signed seven service dealerships in India. The group’s turnover in its formation year was a modest 2.5 million INR and from then on, it has only scaled new heights of success every year. Having six years of experience in Robots and Robot Development, SK Robotics assembles, distributes and provides services to robot having consumers. Its headquarters is based in Mumbai, whereas factories and service centers are located in several cities across India.

   SK Robotics has been selected as the Best Robot manufacturer in India in 2014 by its customers.

The group is proud to have professionals, who have grown with the organization. The average tenure of the core team is 12 years. This qualified team has the likes of executive directors, general managers and senior managers who have laid the foundation for the group’s current structure. In this fast evolving world, the group’s executive director believes that faster and reliable deliveries will determine the growth. Leading from the front, the ED is supported by general managers and all other team leaders. With 700 dedicated employees working under 14 visionary leaders, the group is poised to keep SK quality a reliable benchmark worldwide.

Our Brands –

   Our brands typically have a discrete marketing plan, analysis of competition, and marketing campaign even though they may be part of a larger business entity. SK Robotics all together has seven brands of businesses;

  1. Consumer robots: Customers uses these robots for their own personal use. SK ROBOTICS has three types of consumer robots which are: Vacuum Cleaning Robots, Swimming Pool Cleaning Robots, and Glass Cleaning Robots. 
  1. Industrial robots: These robots are used in various industrial applications such as manufacturing companies, Oil industries etc. SK Robotics offers two types of Industrial robots – Duct Cleaning Robots and Dustbin robots. 
  1. YRC-Your Robotic Consultancy: Behind YRC, their main objective is to replace human interaction and make the plant fully automated. Factory automation service robots and customized robot development is their forte. They will close the gap between cost and automation. 
  1. Integrated Robotics Services: India’s first cross-integrated robot service provider for all service and industrial robots having industrial and commercial applications. Their specialty lies in providing the best robot services across all functions at the most affordable prices. 
  1. Original Design Manufacturing: ODM is a never before heard of concept in the automation industry. If someone has a design of a robot, he/she can contact ODM to get that design realized practically and manufactured at an affordable cost. 
  1. Home and Office Robotics: According to the customer’s office or household requirements, SK Robotics designs the robot which will fulfill customer’s requirements. These robots may vary according to the customer applications.
  1. International Robotic Company: This section deals with the customers located outside India. Just because IRC is an Indian based company with a strong foothold, that doesn’t mean they don’t cater to international needs. The international customer base is slowly, but steadily increasing for IRC.

Clients 

The Lalit Hotel, JW Marriott, Shangri-la, Renaissance Hotel, The leela hotel, ITC Maratha,

Blue Star, NDTS, Mr.Clean pvt Ltd, Airflow Ducting Solutions, ISS, Hydraflux, Manmachine

Sparklean, Shapoorji Pallonji, Regency Group, Sahney, Reliance Industries, Alembic Pharma, Emcure.

Chairman of SK Robotics 

   A pioneer in technological businesses, SK Robotics’s Chairman Mr. Nitin Motani has developed and managed India’s largest narrow Fabric Textile Machinery manufacturing business.

His company has been exporting Machinery & Raw materials to 35 countries across the globe. His financial expertise and strategic thoughts have contributed distinctively to the group’s success within the country and abroad. A doer rather than a man of words, Mr. Motani handles the commercial operations and international marketing responsibilities. Ensuring their dominance in the sector, he spends time envisioning the challenges of next generation and inspires the group to seek newer benchmarks.

   SK Robotics is also a house of professional Robotic experts, who not only reduce risk of making wrong decisions, but also keep your technology up to date, easily and effortlessly.

Their advice enables enterprises to provide better services adopting robot-driven technology.

   “We aim to implement Robot-driven technology in every home by 2020. People will be able to gain more benefits over it and more effectively using robotics as a support system. We are able to set up robot manufacturing facilities and gather more benefits so that we can take the manufacturing of robots not only for the domestic market but also for the international market. We aspire to become the OEM supplier to the world of robotic industry,” the spokesperson of SK Robotics expressed The CEO Magazine.

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10 Emerging Trends in Software Testing: Predictions for the next decade https://theceo.in/2016/05/10-emerging-trends-in-software-testing-predictions-for-the-next-decade/ https://theceo.in/2016/05/10-emerging-trends-in-software-testing-predictions-for-the-next-decade/#respond Tue, 24 May 2016 10:56:00 +0000 http://theceo.in/?p=3406 An ever evolving software testing industry saw unprecedented changes in the last decade. While we are still struggling to cope up with them, newer pastures have grown. Needless to say, it is a definite challenge not just for the testers to continuously strive to learn but also for businesses to be aware of what is […]

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An ever evolving software testing industry saw unprecedented changes in the last decade. While we are still struggling to cope up with them, newer pastures have grown. Needless to say, it is a definite challenge not just for the testers to continuously strive to learn but also for businesses to be aware of what is best for their application function, performance and security. New technologies are coming in which are disrupting existing technologies which have been there since years. And it is always a challenge as a tester to address these upcoming technologies but overall we have seen the software testing industry knocking down these challenges with their innovations.

One trend which we saw in 2015 was to integrate testing early in the software development lifecycle with methods like Agile. Agile was widely adopted by many organizations along with the DevOps in a bid to get faster time to market for their apps. Also we saw a greater adoption of cloud computing, increase in virtualization and service oriented architecture which led to many testing tool vendors emerging with their offerings around that.

This post summarizes Top 10 emerging trends/predictions for the next decade which will change the landscape of software testing. This is based on our observations and experience with leading Fortune 500 enterprises and industry analyst research reports. It is interesting to discover each of these trends and to know how enterprises as well as testing professionals can get leverage these trends, re-strategize or re-skill themselves.

1. SDET Role will become Mainstream

Software Development Engineer in Test (SDET) is a role which has been existent since last decade or so but was way different from the traditional testing role. As early as 2020, we see that Test Automation will become mainstream and every tester will eventually don the SDET hat.

2. Open Source Tools are going to Rule the Future

Open source is going to be the flavor for the next decade and a lot more organizations will be adopting these tools with a larger and more actively engaged support community in next decade.Open source tools are being adopted not only for Test Automation but for also DevOps, Agile etc.

3. TCoE (As we know) is dead. Agile/ DevOps killed it

As per Forrester, BigCentralized Test Centers of Excellence are a thing of the past. This is corroborated by the fact that Test automation developers are embedded in the agile teams. All testing activities are progressive, iterative, and fully integrated with development and automation developers and test strategists and exploratory testers areevolving. Overall it’s a shift from testing to quality engineering.

4. Quality @ High speed

Software development is no different from a Formula 1 pit-stop. A good team of software professionals decides the fate of product and a good pit-stop decides the fate of the race. With organizational focus on faster time to market and better user experience, Quality @ Speed is going to be the top priority. It’s only going to get faster with greater quality with all the tools and technologies at disposal.

5. Digital Testing – Making Millennials Tick

Majority of the organizations are embarking on digital transformation and reduced time-to-market life cycle with increased focus on QA and Testing. Digital assurance strategy should focus on optimizing functional testing across channels. It is more likely to mimic a user’s behavior in today’s world.

6. BigData Testing is going to become really BIG

BigData is no more a “Fad” and the amount of data is growing with each passing day at an explosive rate. A strategy around Testing Big data is strongly needed given the rate at which it data is growing. Testing of these datasets involves various tools, techniques and frameworks to process and is going to be one of biggest trend to watch out for.

7. Era of Connected Devices – IoT Testing

IoT is growing rapidly, your customers rely on products to be tested and effective – if they aren’t, you may get lost in the crowd.Internet connectivity is what makes this network of things possible.What stresses the need of IoT testing is the fact that all these devices on internet are making them susceptible to hackers. According to a HP study, 70 percent of devices in the Internet of Things are vulnerable to security problems.

8. Quality Engineering will become mainstream because of DevOps

DevOps advocates collaboration and integration between businesses, developers, and IT professionals. With DevOps, Testing plays a vital role as Developers are more involved with testing and overall Quality engineering aspects.Faster deployment and quality assurance for todays’ complex IT systems are helping enterprises realize quicker time to market in a cost-efficient manner.

9. Performance Testing is Dead; Long Live Performance Engineering

We have heard this many a times that a good user experience is the key to a successful product.Giving a consistent performance across the platforms and devices is going to define the market share a product captures.

Organizations move from just Performance testing to Performance engineering is going to be swifter and the user experience is going to play a major role in that.

10. Software Testing Budgets will continue to grow

The change has already begun and IT trends such as Big Data analytics, Virtualization, Mobility and Cloud Technology will continue to push more and more companies allocating a major part of their IT budget (around 40%) towards QA and software testing domains. 

If you would want to see the detailed analysis of the Top 10 Software Testing trends, you can mail us.

What do you think? Do you think there is anything else which should have got into this list?

About Kalyana Rao Konda

Kalyana Rao Konda-1Kalyan is the President & Global Head of Gallop Solutions Inc. With 17+ years of experience in IT Services, specifically software testing, Kalyan has led large QA teams of 2000+ people at AppLabs as VP-Delivery and had been in QA leadership roles with Virtusa&BaaN earlier. He has a rare mix of high technical understanding with a pragmatic approach to testing services delivery. A strong proponent of Testing-as-a-Service (TaaS) delivery model, Kalyan is a thought leader with hands on expertise in building large scale test automation suites, executing and maintaining them. He has a patent pending with USPTO for ‘iGenerate test Scenario’ and ‘Web Services Validator’ filed last year. Kalyan is a speaker at various testing conferences including DevOps East, StarEast& Agile Testing Conference in Boston. He was recently awarded the prestigious “40 Under 40 Award 2016” from the Philadelphia Business Journal.

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How to Be a winning CEO? https://theceo.in/2016/05/how-to-be-a-winning-ceo/ https://theceo.in/2016/05/how-to-be-a-winning-ceo/#respond Sat, 21 May 2016 09:21:19 +0000 http://theceo.in/?p=3442 How to Be a winning CEO? tells Amit Punjabi, Business Coach and Founder, Sankalp Academy. Amit Punjabi is an accomplished Business Coach is an NLP trainer ( Neuro Linguistic Programing ) and an expert at studying the human mind & its correlation with resulting behavior. He works with start ups helping them realize their full […]

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How to Be a winning CEO?

tells Amit Punjabi, Business Coach and Founder, Sankalp Academy.

Amit Punjabi is an accomplished Business Coach is an NLP trainer ( Neuro Linguistic Programing ) and an expert at studying the human mind & its correlation with resulting behavior. He works with start ups helping them realize their full potential by helping them change their mindsets and break preconceived notions.

A startup that started with only seven hundred rupees in the pocket and a strong will to change mindsets of the younger generation by a determined 20 year old Amit Punjabi who set up his company – Sankalp Academy, amidst protests from family and friends. He failed in his B.Com but instead of sulking in a corner he decided to use the energy and channelled it into creating something innovative and constructive that will help the new generation find their own voice instead of being slotted into existing pre conceived notions of ‘success’, ‘jobs’ and ‘status’ . Today, 8 years later, his family has not only joined him in the business but has also helped him grow the business in different directions as he continues to change the lives and mindsets of more and more people into a positive and powerful one.

He personally chooses to work with start ups and coaches them from the ideation stage to final realisation and further as he helps them bring alive their dreams. So far, he has trained over 36000 people which includes professionals, start ups and students in India and internationally. As a founder of a company himself, he helps the start up founder hone in on key skills that will make the defining difference between a successful venture and a me-too one. Amit Punjabi would like to share his story with you along with key innovative leadership skills that helps today’s business environment demands ongoing innovation to stay ahead of the pack.

What does it take to be a Winning CEO?

Even though there are millions of CEOs of millions of companies that we come across or hear about everyday, there are very few of them who become well known. There are many successful CEOs of the past who have written books, given interviews and talks which prove that there is a huge difference between being a CEO and a winning CEO. Let’s talk about a few qualities and skills that differentiate a winning  CEO from just another CEO.

  1. A Winning CEO creates Winning Strategies: A winning CEO becomes who he/she is because of winning strategies. Everyone makes strategies to make their organization a more successful one but a winning CEO also makes strategies for key people in the organization and in the industry that ensures the success of the organization or company.
  1. A Winning CEO utilises his people : Knowing how to utilize people and their skills for growth is one of the most important attributes of a winning CEO. Everyone who joins an organization or a company has to work and that is a given but do they work to their potential? Mostly no. A CEO is a person who surely manages the company but a winning CEO is much more than that. A winning CEO shifts the way the company works by bringing shifts in the most important resource of any company “people”.
  1. A Winning CEO makes a difference : The most important outcome for a winning CEO is not just to manage but to make a difference. If you continue to manage your people then you will only help them do work but not necessarily grow and if they don’t grow, then neither does the company. Most CEOs today manage their people and yes that ensures the company is working but not necessarily growing. This is exactly why most CEOs of most companies are not well known and if you do not want to be one of them then you will need to start looking at making a difference rather than managing. Only the one’s that are able to make a difference directly impact the growth of their companies and that is one of the most important things that makes them a winning CEO soon they and their strategies become well know.
  1. A Winning CEO is also a Mentor : What will make sure that the people of an organization or a company are working to their potential is mentoring. A winning CEO is not a manager but a mentor. A mentor is the only one who can provide people with the clarity of how to become better at what they do and how to deliver better results. Not all employees would necessarily look up to a manager but everyone surely looks up to a mentor.

For you to become a winning CEO, you will need to learn to develop strategies as a mentor and not a manger. You will need to start focusing on facilitating growth rather than managing it. A CEO may know how things work but a winning CEO will always know how to make things better and more efficient.

As a winning CEO, you must know that people hate being managed but love being helped. And that is exactly what you need to do. Don’t manage them on making things better, but mentor them on how to do it and become more efficient. Following these simple strategies of mentoring and making a difference you will soon reach a point where people around you are not just working to their potential but growing their potential as well.

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The future will see Pervacio challenge market convention and embrace change: Sanjay Kanodia, CEO of Pervacio https://theceo.in/2016/05/the-future-will-see-pervacio-challenge-market-convention-and-embrace-change-sanjay-kanodia-ceo-of-pervacio/ https://theceo.in/2016/05/the-future-will-see-pervacio-challenge-market-convention-and-embrace-change-sanjay-kanodia-ceo-of-pervacio/#respond Fri, 20 May 2016 11:49:08 +0000 http://theceo.in/?p=3403 The future will see Pervacio challenge market convention and embrace change: Sanjay Kanodia, CEO of Pervacio The CEO Magazine ● New Delhi Maintaining the highest standards of ethics, honesty and openness and supporting Fortune 500 customers in more than 35 countries, USA born Pervacio has become a global leader in mobile device automation solutions for […]

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The future will see Pervacio challenge market convention and embrace change: Sanjay Kanodia, CEO of Pervacio

The CEO Magazine ● New Delhi

Maintaining the highest standards of ethics, honesty and openness and supporting Fortune 500 customers in more than 35 countries, USA born Pervacio has become a global leader in mobile device automation solutions for any device on any network in any organization. The company delivers its solutions through a web-based software management platform for mobile device suppliers across the retail, enterprise (government and security) and warehouse sectors, as well as insurance underwriters and original equipment manufacturers (OEMs). It also offers self-serve solutions through in-store kiosks and apps for on-device management. By combining extensive technology acumen with industry knowledge, Pervacio always aims to exceed client expectations.This is achieved by building world-class products that support businesses throughout the mobile supply chain in containing the cost of device management.

This firm was established in 2004 by software technology industry  expertSanjay Kanodia, who has hands-on experience in building and developing enterprise class software solutions. In 2008, Pervacio signed up its first major US-based mobile telecommunications carrier, opened its first Indian campus and introduced  the company’s flagship data-wipe product. Pervacio raised Series A first round funding in 2010 from venture capitalists in the USA and successfully  purchasedthe investment back in 2015 with a positive return for investors. For the past five years, Pervacio has consistently doubled its revenues and has been cash-flow positive for six years in a row. In 2011, the company opened its Hungary development centre. The following year, Pervacio doubled in size again and signed up two more major mobile telecommunications carriers. The company also set up its UK operations and recorded four straight quarters of rapid growth. In 2015, Pervacio extended still further, adding to its product solutions mix for warehouse and retail applications, opening another R&D campus in India and set up product campuses in Japan, Australia and Singapore. This year the company has opened a new regional development hub in the UK to support its European client base and a new centre in Finland for the Scandinavian markets.

Presently Pervacio operates in Canada, Hungary, India, Japan, Finland, Australia and the UK.  Its four hundred employees work in 12 different offices across five continents and the  company has plans to hire another 400 people by the end of this year.

As a Software as a Service (SaaS) based company, Pervacio provides network carriers, retailers, enterprises and warehouses with a unified solution to manage every type of mobile device, irrespective of the network, the operating platform, or where the device is in its life cycle. For carriers and retailers in particular, Pervacio helps them to be more successful by improving the customer experience at multiple touch points. Pervacio understands that its future depends on the sustainable success of its clients and partners. To this end, the company develops collaborative business relationships and ensures it fullyunderstands  its customers and their needs. Every experience with every customer forms part of a long-term, mutually beneficial journey.

What differentiates Pervacio from many others in the field is that it is acutely conscious of its social and environmental footprint. The company believes that everyone is a global citizen and part of one global ecosystem, so it commits to protecting its employees, safeguarding the environment and making a measurable and sustained difference to the communities in which it operates.

The company recognises the value of partnerships and this approach drives everything that the company sets out to achieve. Partnering with Microsoft, Apple, Google, LG, Samsung and IBM, the company has achieved an enviable position. Now Pervacio’s mission is to provide a single unified mobile device platform for carriers, original equipment manufacturers, retailers and enterprises so they can deliver superior customer service, thereby enhancing the customer experience, while lowering costs.

Founder & CEO of Pervacio, Sanjay Kanodia, spotted the need for a comprehensive device management platformwell before it was recognised as a need by the general market. He was part of fast moving technology companies such as Riverbed during rapid growth and acquisition periods. Sanjay began his engineering and management career at Image Memory Systems. He also led successful development teams at ISSI in Washington, D.C.,withManugistics (now JDA), with mobile software pioneer Riverbed Technologies and at Aether Systems, where Sanjay established and managed technology partnerships. Sanjay holds a Masters in Computer Science from the University of Dayton, Ohio, and a Bachelor’s Degree in Electrical Engineering from Bengaluru University.

His company’s global goal is to provide a smarter way to develop the best technological solution to manage the complexities of the forward and reverse supply chain for all mobility products.

“The future will see Pervacio continuing to think big, to challenge market convention and to embrace change. We will continue to deliver consistently high levels of satisfaction for customers through a right-first-time approach. By developing ever more intimate business relationships,we will continue to safeguard the environment in which we operate, driving more and more growth through our steadfast commitment to total integrity,” Sanjay Kanodia asserted.

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