India
Growing the SME Space
SMEs are defined in various ways in India, typically via amounts of capital invested. The RBI has defined Micro Enterprises as those with less than 10 to 25 lakhs (depending on whether the business is engaged in Services or in Manufacturing) in capital employed, Small Enterprises as those with not more than 2 to 5 Crore and Medium Enterprises as those with not more than 5 to 10 Crore in capital employed. Other countries use the number of employees and total revenue also as parameters for classification. Worldwide, it is estimated that 99.3% of all enterprises are small or medium in size.
Year-end euphoria: Dreams for 2010
Before the season of festive good wishes and good resolutions wears out, here’s a list of the policy changes that I would like to happen in the new year, to promote growth and innovation
The GOAL and the way of achieving it!!
The GOAL and the way of achieving it…….
First of all let me take this opportunity to express my happiness over S7 Software being selected as the leader of NASSCOM Emerge 50 2009, we are all very excited and feeling déjà vu but had a great party too to celebrate the same. Want to thank NASSCOM and all involved for making this such a great success. Thank You!!
Up in the cloud towards the middle of the pyramid
The recent NASSCOM EMERGEOUT conclave themed around Cloud Computing was revelatory in several ways. One, it brought to the fore companies from India that were staking their business models around the cloud. Second, it became progressively clear that, for reasons springing from the business context of these companies, the domestic mid-market is now clearly in the spotlight.
Story about Integrity and Values – Professional’s Quote
In the last blog, I had shared with you how had I reached out to a world-wide group of people I deeply admire for their professionalism while writing The Professional. I had asked them these three questions: what qualities did they admire in a “professional”? What were some of their own uplifting experiences in dealing with other professionals? Three, what were their recollections of unprofessional conduct?
Small is BIG: Re-inventing business models which will work for India
My take on the session – “Small is BIG: Re-inventing business models which will work for India” is that Cloud Computing (CC) is in the midst of a hype cycle with a lot of announcements from all kinds of firms (large SI, product OEM, start-ups etc) but little on-ground success. What scares me most is that in a recent GOI meeting, a venerable senior bureaucrat told cloud computing is the silver bullet to increase IT adoption in the SME segment !
UID: Creating a new identity
The metaphysical, existential question, “Why am I?” (the purpose of life) has intrigued humans only marginally more than the psycho-social query “Who am I?”. Shakespeare’s answer (”…a rose by any other name would smell as sweet”) would gladden the generics industry, but offend individualists.
Transforming India Through Technology – session with Bill Gates
Microsoft, Windows and Bill Gates are actually synonymous. When we think computers, the first word that comes to mind is any of these three, and not necessarily in that order. So, one can well imagine how things were going to be, when NASSCOM hosted the great man on a hot Friday afternoon on 24th July at Taj Palace. In spite of our best efforts, last minutes registrations were unavoidable and the enthusiasm exhibited by the executives, trying to catch a glimpse of the iconic figure, was nothing short of electrifying.
Inclusive Growth – Reaching out to the bottom of the pyramid, By Mr Kiran Karnik
For a while now, we were trying to get Mr Karnik to address on a subject, which was of great interest and debate amongst the intelligentsia. Mr Pavan Vaish of IBM Daksh, who is also the chair for the Council, delivered the welcome address. He spoke very highly of the warm hospitality of the Genpact team led by Ms Anju Talwar and also jocularly remarked about the “pit”, where we were all seated; being the amphitheatre, where Mr Pramod Bhasin usually subjects his generals to grueling reviews. Mr Vaish remarked on the Satyam episode – a rare tragedy for all individuals, who had built the brand. In his words, the resurrection, of what is now Tech Mahindra Satyam, is equally stunning (in a positive way) lead chiefly, by individuals who were handpicked by the government. The ability to carve out a strategy at a time when managerial independence was only a relative concept, was truly an astounding feat – stuff that legends are made up of - and we were truly honoured to have a champion amongst us. Mr Vaish concluded by thanking Mr Karnik for taking time out and addressing the CEO Forum of NRC- Gurgaon. What Mr Karnik and the others at Satyam had achieved was a matter of great pride for all Indians and a shining example for others to emulate. The moment had finally arrived:
Interview with Krishnakumar Natarajan, Chair – NASSCOM EMERGE Forum
To mark the 2nd anniversary of EMERGE newsletter, the editorial team interviewed N Krishnakumar (KK), CEO & MD, MindTree Ltd and Chairman, NASSCOM’s EMERGE forum. In a freewheeling conversation, he looks back at how the “EMERGE” brand was built, talks about some of the important initiatives launched and also articulates his ideas on the road ahead.
