marathwada association of small scalemassia.org/newsletter/1495540271_udyog samvad no. 3.pdf ·...

Guest Editorial 2

Advantage Maharashtra Expo 2017

Activities

Government Resolutions & Circulars

Articles

a) Muda - Mura - Muri

powerhouse.

e) Food

Health Tips

Laughter Time

Warm Welcome to New Members

Facilities available at MASSIA

Contents Page No.

MARATHWADA ASSOCIATION OF SMALL SCALE INDUSTRIES & AGRICALTURE

Phone - 2481482 Fax : 2482035

I N D E X

“ This monthly News Letter MASSIA CÚmoJ g§dmX Is edited by Mr. Rajesh Patney Printed at Printwell International Pvt. Ltd., G-12 MIDC Chikalthana, Aurangabad & Mr. Vijay Lekurwale President of MASSIA

Development By Co-Operation

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Let su participate Through “ Make in Maharashtra” and contribute to the nation building in “ Make in India” Jai Hind, Jai Maharashtra


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After the grand success and overwhelming response of Advantage Maharashtra Expo 2014, Global Maharashtra Trade Fair 2011 and Mahavends of 2010, 2005 and 2001; we have arranged Advantage Maharashtra Expo -2017 from 5th to 8th January 2017 at Kalagram, Chikalthana MIDC Area.

The exhibition will be inaugurated on 5th January 2017 under Chairmanship of Hon’ble Chief Minister, Shri Devendra Fadnavis in presence of Hon’ble Railway Minister, Govt. of India, Shri Suresh Prabhu and Hon’ble Minister MSME Shri Kalraj Mishra, Hon’ble Chair-man Vidhansabha Shri Haribhau Bagade, Hon’ble Industries Minister, Maharashtra State Shri Subhash Desai and Tourism Minister Shri Jaykumar Rawal, Members of Parliaments and Members of Legislative Assembly and other dignitaries from industrial and commercial sectors.

This will be a grand industrial, trade, agro exhibition. The event is co-organized by MTDC and Aurangabad Municipal Corporation under support of Ministry of MSME, New Delhi and in co-operation of MSME-DI, Mumbai along with Govt. of Maharashtra, MIDC and allied associations. PSUs supported by Govt. of India such as Railway, Defence, Heavy Industries, etc. will be invited to participate in this exhibition.

This exhibition will become an ideal mega event which has more importance and addi-tional value in view of upcoming DMIC and Smart City Projects at Aurangabad. We strongly believe in context of upcoming DMIC, this exhibition will help MSME in big way. This will be an ideal opportunity to the industries, traders and business communities to showcase their products, capabilities, talents, facilities, etc. in this exhibition. This exhibition will also gen-erate possibility to explore new business opportunities in domestic & global markets. New networks of distributors & dealers can also be located in this exhibition.

Exhibition Highlights

UPCOMING MEGA EVENT OF MASSIAAdvantage Maharashtra Expo -2017


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Manufacturers from all industrial products, Traders and Industrial Service Providers, Professional and Commercial Agencies can participate in this exhibition as Exhibitor.

Conferences on Engineering Excellence, Non-Conventional Energy & Renewable Re-sources and Unfolding Opportunities in Food and Agro Processing are arranged on 6th, 7th and 8th January during the exhibition period. Renowned experts, Technical faculties will give presentation and detailed information on respective topic / subject to the participants of respective conference.

We are sure; this exhibition will support in big way to the development of Marathwada region, Aurangabad City, local Industrial and business sectors. MSMEs of the region will get more business opportunities

All MASSIA members, non-member entrepreneurs, traders, professionals and commer-cial agencies are advised to participate in this exhibition and take its advantage. We also appeal Corporate and Large Scale Industries, Commercial Agencies, Financial Institutions i.e. Banks participate and also join as one of the sponsorer of this mega event.

Other detailed information about the exhibition can be obtained from office of the MASSIA at Chikalthana and Waluj.

Vijay Lekurwale

President

Bharat Motinge Santosh Kulkarni

Conveners – Advantage Maharashtra Expo 2017

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1. Representation on Grampanchayat Tax :

MASSIA Delegation comprising of the President Mr. Vijay Lekurwale, Vice President Mr. Sunil Kirdak & Kishor Rathi, Hon. Secretary Mr. Narayan Pawar & Abhay Hanchanal, PRO Mr. Bhagwan Raut and Past President Mr. Balaji Shinde met CEO, Zilla Parishad, Mr. Madhukar Raje Ardad on 23rd August 2016.

(Mr. Vijay Lekurwale and office bearers felicitated CEO Mr. Madhukar Raje Ardad.)

The issue of accepting Thok Aunshdan u/s 125 instead of Grampanchayat Tax u/s 124 was discussed in detail. Mr. Sunil Kirdak explained existing procedure followed by most of the Grampanchayats for levying Grampanchayat Tax and insisted to accept Thok Aunshdan u/s 125 by considering the property value as per revised guidelines issued vide GR No. 283 dated 31st December 2015. The President urged CEO to settle this issue in coordination with all respective Grampanchayats and Divisional Commissioner.

2. Visit of Divisional Commissioner :

Divisional Commissioner, Mr. Umakant Dangat visited Clean & Green Project implemented by MASSIA jointly with Parason Group of Companies in K and H Sector of Chikalthana MIDC on 29th August 2016. Member State Consumer Redressal Forum Mr. K. B. Gawali, Regional Officer MIDC Mr. Soham Wayal, Executive Engineer Mr. Ravindra

Activities


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Kulkarni, Chief Engineer Mr. Kedar Nathapure, Dy. Engineer Mr. Sutrave, Regional Officer MPCB Mr. J. B. Sangewar, Regional Manager MTDC Mr. Annasaheb Shinde, and Nagarsevak Mr. Raju Shinde also visited the Clean & Green project with the Divisional Commissioner.

The President Mr. Vijay Lekurwale, Past Presidents Mr. Santosh Choudhari, Pruthviraj Shah & Bharat Motinge and Office Bearers welcomed all the above dignitaries. Vice President Mr. Kishor Rathi gave brief introduction of MASSIA’s objects and activities. The President Mr. Lekurwale informed that, after successful implementation of Clean & Green Project in the industrial area at Waluj; MASSIA has taken up this project in Chikalthana Area. Initially the project is being conducted in K and H Sector in cooperation of the entrepreneur members of respective sectors.

Hon. Secretary Mr. Abhay Hanchanal gave power point presentation on the project. Mr. Hanchanal shown the earlier condition of the open areas in K Sector and open area in front of Kalagram wherein lot of garbage and waste material was dumped which had created un-cleanliness and its changed condition after cleaning and tree plantation conducted by MASSIA.

Mr. Umakant Dangat and other dignitaries appreciated the project and MASSIA’s efforts for its implementation. Divisional Commissioner and all dignitaries planted saplings on this occasion and expressed good wishes for the project.

(Divisional Commissioner Mr. Umakant Dangat watering the planted sapling)

On this occasion Mr. Vijay Lekurwale Felicitated Mr. Umakant Dangat for receiving ‘Jeevan Gaurav’ Puraskar of Dr. Babasaheb Ambedkar Marathwada University.


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3. Meeting of Governing Council & AGM of IGTR :

President Mr. Vijay Lekurwale attended the 47th Meeting of Governing Council & AGM of IGTR held on 21st September 2016 at Office of DC, MSME, New Delhi. The President explained the need of additional set of IGTR at Waluj MIDC area. Development Commissioner, MSME has agreed principally to develop additional set of IGTR in Waluj MIDC Area and issued directives to the concerned authorities in this respect.

4. Workshop on Skill Development Employment & Entrepreneurship :

Workshop on Skill Development and Entrepreneurship was on 21-9-16. Workshop was attended by Vice President Mr. Sunil Kirdak.

5. Publication of Second issue of Udyog Samvad of this year:

Guest Editor and Member of Legislative Assembly Mr. Atul Save released second issue of newsletter, Udyog Samvad on 22nd September 2016 at his office. Office Bearers Mr. Sunil Kirdak, Abhay Hanchanal, Manish Gupta, Bhagwan Raut, Rajesh Patney, Vinay Rathi, EC Member Mr. Anil Patil and Past President Mr. Pritish Chatterjee were present for releasing the second issue of the Udyog Samvad.

Shri Atul Save has appreciated the efforts of MASSIA for the industrial development at Aurangabad and given best wishes to the team MASSIA.

President Mr. Vijay Lekurwale felicitated Shri Atul Save for becoming Guest Editor and giving


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editorial for second issue of Udyog Samvad published during this year. Editor Mr. Rajesh Patney, Sub Editor Mr. Vinay Rathi expressed gratitude to Shri Atul Save for publishing Udyog Samvad.

6. Meeting with CEO, MIDC and MD, DMIC:

Office Bearers, Mr. Vijay Lekurwale, Sunil Kirdak, Abhay Hanchanal, Narayan Pawar, Bhagwan Raut, Kiran Jagtap met CEO of MIDC Mr. Sanjay Sethi and MD, DMIC Mr. Vikram Kumar on 23th September 2016. MASSIA has submitted representation on issues related with DMIC such as reserving 30% land for MSME, sharing and updating on plans for MSME, land allotment, setting up of Convention Centre in DMIC were discussed in detail. Both the authorities has agreed to consider our representation and assured that, MSMEs will be accommodated in DMIC project. Decisions in these respects in favour of MSME will be taken and declared in due course of time.

7. International Study Tours :

A group of six members namely; Mr. Ravindra Kondekar, Tukaram Kandakure, Namdeo Kharade, Ashok Lamture, Sadashiv Muley and Mr. Neeraj Goyal visited International Manufacturers Trade Show, IMTS 2016 at Chicago (USA) from 12th to 17th September 2016. The delegation was accorded a farewell at the association’s office in Waluj.

These six members have shared their experience of their visit to the exhibition to MASSIA members on 13th October 2016 at Waluj office.


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(MASSIA Group Visited IMTS 2016 at Chicago)

Members Mr. Anslem Coates, Philip Coates, Atmaram Patil and Mr. Sunil Sharma visited China Import and Export Fair, Canton-2016 from 15th October to 19th October 2016 at Guangzhou, China. These members were seeing off by the President Mr. Vijay Lekurwale & Convener, International Study Tour Committee Mr. Vinay Rathi at Airport.


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A tour was arranged to visit the World’s No. 1 Trade Fair for Plastics and Rubber at Dusseldorf, Germany, K-2016. Group of our 14 Members has participated in this tour. Vice President Chikalthana Chapter Mr. Kishor Rathi and Members, Mr. V. D. Bardapurkar, Sudhir Bhagwat, Sanjay Bhatade, Nakul Chandak, Dnyanesh Kabra, Kamalkishor Kabra, Nandkishor Mantri, Kamalkishor Laddha, Anil Mirashi, Yogesh Parmar, Bharat Patel, Sudhakar Shelke and Mr. Amit Soni visited this exhibition from 17th October to 24th October 2016.

Germany Tour members seen with office bearers from Left, President Mr. Vijay Lekurwale, Convener, Industrial Study Tour Mr. Vinay Rathi, Jt. Secretary Mr. Kiran Jagtap, Jt. PRO Mr. Abdul Shaikh, EC Member Mr. Manish Agrawal, etc. at Chikalthana airport.

8. Engineers Day Celebration:

It is to honour Bharat Ratna, Sir Mokshagundam Visvesvarayya on his achievements and contribution towards the country; India celebrates Engineer’s Day on his birthday, 15 September. MASSIA has also participated and celebrated Engineers Day on 15th September at Institute of Engineers and honoured remarkable tribute to the greatest Indian Engineer.

9. Rooftop Solar Conference:

Rooftop Solar Conference of one day for SMEs viability, Finance and implementation was arranged by MASSIA in association with GIZ (Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH) on 27th September 2016 at Hotel Lemon Tree. MASSIA Vice President Mr. Sunil Kirdak & CMIA Vice President Mr. Prasad Kokil inaugurated the conference and attended by 55 entrepreneurs.


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Owing to the interactive sessions and open communication between various stakeholders viz. SMEs, bankers, technology provides and facilitators, the Solar Workshop received very good feedback from participating SMEs.

Following the proceedings and information sharing in the workshop, MASSIA and CMIA have jointly decided to form a “solar rooftop cluster network” of interested and willing industries to facilitate adoption & implementation of solar rooftop. Potential area of support may include advisory and hand holding support for site assessment, preparation of project report and loan application (if need be) for participating industries of the network.

10. Student - Industry Initiative:

In view to give opportunity to the engineering students to use their talent to innovate new ideas useful for industries, MASSIA has conducted The project namely, ‘Student-Industry Initiative’ under Innovation Promotion in MSME scheme was conducted for engineering students in association with GIZ, New Delhi, branch of German Development Corporation. The students, Mr. Aniket Adsule, Pratik Pophali, Ms. Sneha Rode, Ajay More, Arpit Unhale, Vijay Gore from MIT and Mr. Vaibhav Rane, Saurabh Pande, Ashish Kshirsar, Shekhar Gawande and Rushikesh Dahale from JNEC worked for 2 months on shop floors of the industries at Waluj namely, M/s. Kirdak Autocom, Dhananjay Metal Craft, Shree Pressing, Accrete Electromate Pvt. Ltd. and Set on Site on the projects, ‘Internal Thread Inspection using Internet of Things’, ‘SPM for removing paper insulation from conductor’, ‘Reducing rejection level during Nitriding Process’, ‘Improvement in tool life/performance of piercing/punching operation’ Elimination/reduction of Welding spatter, ‘System Development for waste elimination in powder coating process’

Two project reports were selected on their merit from the submitted projects. The students have suggested technical ideas to overcome from the difficulties observed and faced by these industries.

First Prize was declared jointly to Mr. Aniket Adsule & Mr. Pratik Pophali of MIT and Second prize was declared jointly to Mr. Pratik Pophali and Vedant Kirtankar for their projects.

Certificate and First Prize distribution


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Certificate and Second Prize distribution

Prizes and Certificates were given to the students in the program held on 13th October at MIT College in the presence of President, MASSIA Mr. Vijay Lekurwale, Vice President, MASSIA and Convener of this project Mr. Sunil Kirdak, Representative of GIZ Mr. Tasvvar Ali, Director of MIT College Mr. Munish Sharma, Dr. Prashant Ambad, Director of M/s. Accrete Electromate Mr. Dayanand Modani, CEO of M/s. Dhananjay Metal Craft Mr. Tukaram Kandakure.

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Federation of Association of small scale Industries (FASII) New Delhi in as apex body of small scale industries Association & has its members all the over india. As per the constitution of FASII there are you region & from each regions every two years the national President is elected. 2016- 2018 Being the year of western Region. MASSIA Past President Ranjit singh Gulati who was on the boand of FASII as vice President western Regions (2014-2016) has been elected as National President of the federation of Association of small scale Industries of india (FASII) during the 53rd annual general meeting held here recently Former National President Narsimhan gave detailed information about the progress of the Federation’s national offece-bearers election was held in which all office –bearers where elected unanimously. V.S.Shinde was the returning officer.

Ranjit singh Gulati was elected national president, Narsimhan as national secretary while Ramesh Deshpande national treasurer.

The vice-presidents of different zones where also elected. Arjun Gayake (Aurangabad)was elected vice-President of the western Zone.

Other office-bearers are as follows :Woman’s wing president –Krishna Bhattacharya (Kolkata); VPs Hariharan (Chennai,South Zone) and Jatinder Mittal(Ludhiyana, North Zone). FASII members and MASSIA officer-bearers Kishor Rathi, Narayan Pawar, secretary Hanchanal were present. MASSIA president Vijay Lekurwale was felicitated by seniar national president Rajgopal.

Former national president J M Pawar proposed a vote of thanks.

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MASSIA’S Past Presidents & Member Representing FASII -

The National Federation of Small Industries

Mr. Ranjit Singh Gulati Mr. Arjun Gaike Mr. Rames Deshpande


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Government Resolutions & CircularsmaaqaaDI kayaVacaI pairNaamakarkirtyaa AMmalabajaavaNaI kr]na tyaataIla tartaudIMcaa dur]payaaoga raoKaNyaasaazI kRtaI AaraKaDa


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Inventory) ,

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Articles

_wS>m, _wam, _war … CËnmXZ à{H«$`oVrb AS>Wio !


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TIMWOOD

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"Learning to see"


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TPS)

(Lean Black Belts)

Lean Black Belt (USA) | [email protected] | cell + 91 9822390363

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(Source: http://forbesindia.com/article/anniversary-special/how-sanjiv-bajaj-turned-bajaj-finserv-into-a-financial-powerhouse/43283/1)

Earlier this year, seven members of the management team of the Rs 18,000 Crore- plus (revenues) Bajaj Finserv Ltd (BFS), the financial services mothership of the Bajaj Group, were in Silicon Valley, meeting some of the world’s best-known corporations and venture capitalists. This not only included Microsoft, Amazon and Salesforce, but also 15 fintech startups which were doing new and different things in the finance space. “The kind of things they are doing there just blew our minds completely. We thought tapping into the India opportunity was good enough but it was fascinating to see how they are using technology and ideas to change small aspects of the business,” says Sanjiv Bajaj, 46, the second son of 77-year-old group patriarch Rahul Bajaj. Sanjiv Bajaj took over as BFS’s managing director in 2008, after a widely publicised group demerger which saw two-wheeler giant Bajaj Auto Ltd (BAL), the then flagship, go to older brother Rajiv while Sanjiv focussed on financial services. (The Bajaj family was ranked 19th on the 2015 Forbes India Rich List with a total net worth of $4.4 billion, as of September 2015.)

Today, BFS operates as the financial services holding company of the group, and holds stakes in three key businesses: Bajaj Finance Ltd (BFL), the non-banking finance company, Bajaj Allianz General Insurance (Bagic) and Bajaj Allianz Life Insurance (Balic). BFS holds 57.5 percent in BFL and 74 percent each in the insurance firms which are joint ventures with Allianz of Germany.

The fact that a financial services firm was scouting the landscape in Silicon Valley to understand the ecosystem and also explore opportunities to partner with some fintech companies is evidence of BFS’s approach. Bajaj says innovation is at the heart of how the group thinks. Together with innovation, a single-minded focus on sustainable profitability is what differentiates BFS and its companies from the rest of the pack.

Investors are clearly happy with this strategy. BFS’s market capitalisation has grown sharply to Rs 27,112 crore as of March 31, 2016, from Rs 7,590 crore on March 31, 2011, a compound annual growth rate (CAGR) of 29 percent over five years. In fact, the NBFC, BFL, is an even bigger star performer, clocking a staggering 71 percent five-year CAGR over the same period, its market cap growing to a jaw-dropping Rs 37,329 crore from Rs 2,559 Crore in 2011.

These figures should bring a smile to Sanjiv Bajaj’s face. Having worked on the BAL

GOOD READ: How Sanjiv Bajaj turned Bajaj Finserv into a financial powerhouse..... collection by Mr. Motilal Oswal


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shop floor in the early nineties as a management trainee, he went on to complete his MSc in Manufacturing Systems Engineering from the University of Warwick, UK, before returning to BAL. After an MBA from Harvard Business School in 1997, he did ten straight years at BAL, involving himself in various functions from finance to exports until the demerger in 2008. BFS apart, Bajaj is also managing director of Bajaj Holdings and Investments, the group’s holding company which holds 31.49 percent in BAL and 39.17 percent in BFS. His role there includes building strategy and team, and guiding this company which has approximately $1 billion in cash and investments.

“The insurance companies and auto finance were existing businesses, but BAL was the only listed entity. We had a lot of institutional investors telling us that with multiple businesses under BAL, it was becoming difficult to derive a fair valuation,” explains Bajaj on the context of the demerger. “Why not find a way so that people could own both auto and finance separately? When my father and I spoke about spinning off financial services, I was happy to take that on and build it up because I’d spent a good deal of time at BAL which was being led by my brother Rajiv,” he adds, during the course of two

Enter Nanoo Pamnani

A masterstroke by the Bajajs was to get veteran banker Nanoo Pamnani (Pamnani’s wife and Rahul Bajaj’s late wife are sisters) on board in 2007 to guide the financial services business. Pamnani—who was director of Citibank’s Asia Pacific Group based in Singapore and also CEO of Citi in India—was the perfect mentor and guide for Sanjiv Bajaj. Pamnani, now 71, serves as vice chairman of BFS and is still deeply involved in the business. He also chairs BFS’s risk management committee. “Without him [Pamnani], we’d not be anywhere near where we are. Not just me, the team will tell you that,” says Bajaj, who is also the vice chairman of BFL, fondly. “Bajaj Finance had been around but it was largely captive doing two-wheeler financing [for Bajaj Auto]. Sanjiv, when still working with Bajaj Auto, had called me when I was with Citi and asked me to spend a couple of hours daily to guide us. He made a presentation. I called him back and told him it is interesting but really a lot more can be done. I knew what an NBFC could do. The challenges were enormous but so were the opportunities,” recalls Pamnani.

When Bajaj took charge of financial services, the NBFC was primarily into auto finance, while the non-life and life businesses were relatively smaller. What followed was a brick-by-brick approach to building all the three business lines into major players. Today, BFL is a diversified NBFC present in consumer finance, lending to small and medium enterprises (SMEs), and in commercial and rural lending with a book size of

the previous year. Bagic is the country’s second largest private non-life insurer and one


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of the most profitable in the private sector, with among the best combined ratios (the sum of incurred losses and operating expenses as a percentage of earned premium). Balic, on the other hand, is one of the most profitable life insurers in the country and the fourth largest player in the private sector.

In a highly commoditised financial services industry, where a number of players are aiming to offer pretty much the same suite of products and services, how does BFS differentiate itself from the rest? By thinking beyond size, Bajaj stresses. The group has a single-minded focus on excellence, innovation and, most important, profits.

“Our focus is on profit share, not market share. It really doesn’t matter what the top line is. Our aim is to be a large part of the bottom-line in the segments we are in,” says Bajaj. The evidence: From a negative of Rs 33 Crore in FY08, BFS ended FY15 with a consolidated profit after tax of Rs 1,690 Crore. From FY11 to FY15, the company clocked an 11 percent CAGR in profits. BFL is clearly the star among group companies—from Rs 20.58 Crore in FY08, its FY15 profit stood at Rs 898 Crore, translating into a CAGR of 71.49 percent. “We are always looking for long-term profit growth. In the life- and non-life businesses, the net worth has also grown sharply, multiple times of what it used to be. If you see how well we have used capital and compare us with the top 10, you will find how this has worked for us in terms of long-term profit growth,” says Bajaj. “If you respect capital and leverage it properly, the business will always deliver high returns.”

However, Bajaj adds that his idea of long-term profit is also linked in a way to a certain size, though the latter is not the objective. “We don’t want to be a Ferrari. We

also be of a reasonably large size. If you chase only size, there are enough examples across the world to show you that you end up making mistakes.”

The focus on profitability also played out when BFL took the decision to move out of infrastructure lending in 2011, an area which many felt was lucrative when the group entered the business. Bajaj says while infra lending is a good way to build the book, the number of lenders makes margins very thin, even in good times. “In the bad times, you’re in trouble anyway. So we got into it for a year or so [in 2010] and then pulled out,” he explains.

The profitability mantra drives all businesses across the group. “When I joined BFL [in 2007], I wanted to be the most profitable business among the three Bajaj Finserv businesses. This has now been achieved with a higher pre-tax profit than the insurance businesses. My next goal is to make more profit than both of them put together,” says Rajeev Jain, 45, the managing director of BFL, who joined the group after stints at GE


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Capital and AIG, and is a member of the core brains trust of BFS.

Away from the clutter

The innovation intent at BFS is critical for its growth and all businesses are oriented towards it. In BFL, the biggest example is how loans get approved in 30 seconds flat. “Earlier, if you wanted a consumer durables loan, the retailer would ask for a set of documents, start processing the loan and send the product. Now the retailer only

the product and the approval comes on your mobile instantly,” says Jain, adding that last Diwali, BFL took this a step further with the launch of Experia, the country’s first EMI-finance app which approves a loan of up to Rs 3 lakh in 30 seconds. The company provides documentation-free approval, on submission of the customer’s PAN and Aadhaar card details. The customer can provide his deal ID at the store which, once verified, allows him to shop, without having to wait for loan approval. Thanks to the company’s robust back-end and focus on analytics, the good and bad customers are already separated. “I agree that all of this is replicable but we have to keep raising the bar,” says Jain. “Put very simply, the 30-second approval move is the biggest innovation. Banks do it only for existing customers. What about new customers?” says Bajaj. Today, BFL has a total customer base of about 15 million, with all the BFS firms together accounting for 80 million customers.

In the spirit of constant innovation, BFL moved from consumer electronics to furniture to mobile phones and now to apparel, shoes and accessories, increasing the market size it addresses from Rs 50,000 Crore eight years ago to Rs 3 lakh crore now, by adding new business lines. It now has 5.5 million EMI cards and has also entered the ecommerce financing space recently by going live on the Flipkart platform. It has also just received approvals from the Reserve Bank of India to launch a co-branded credit card with RBL Bank. With this, the company will have its arms around the overall payments piece. “Our strategy is to get to 10 million EMI cards by 2019. That should position us as the largest cards-in-force issuer in India with our own merchant network,” says Jain, emphasising that BFL’s competition is no longer the other NBFCs but large

for BFL as of March 2015. “We think the overall discretionary pool of the mass affluent will expand significantly. With differentiation, we can make it,” he says. “We are not happy with our current state. We are finding better customer experiences and growing the share of wallet. We are adding depth and width.”

This model draws praise from peers and competitors as well. Says Ajay Srinivasan, chief executive of the Aditya Birla Financial Services Group: “They [BFS and BFL] have grown well and built a good franchise. They got into areas like consumer durables


31

financing where others have not been that successful and built a good track record. They run a good shop and there aren’t too many I’d say this for.” Bagic has also been an innovator in its field, as an early adopter of cashless claims in the industry. It was also the first to have an in-house health administration team to handle health insurance claims.

Tech-savvy, analytics-driven

Bajaj agrees that the focus on technology has allowed the group to be very customer efficient and add new products seamlessly. Added to that is the focus on analytics. Of the 15 million customers BFL serves, as many as nine million have Bureau best scores, meaning they have scores of 750 and above with Credit Information Bureau (India) Ltd (Cibil). “That is really the power of the franchise,” says Jain. This has come on the back of hard analytics which the group works on, together with the likes of

the good from the bad, identifying cross-selling opportunities. “Our customer base is all mapped, data cleaned, segmented, put into analytics and credit stamped,” Bajaj adds. “Knowing Basel-III norms will come, we have also built with Crisil an SME rating product for customers where 300-400 SMEs get rated every month.” Not surprising, then, that BFL’s net non-performing assets (NPA) as on December 31, 2015 stood at 0.26 percent. (Rival Shriram City Union, for instance, has a 0.66 percent net NPA level.). The technology thrust is not just applicable to BFL but to the two insurers as well. “We have opened 300-400 virtual offices through the app on mobile/tablet, where you can also swipe your card and receive the receipt on phone,” says Tapan Singhel, Bagic’s MD and CEO. “For customers, we have an app-like assist where they can buy a policy,

that documentation can be completed fast,” says Anuj Agarwal, Balic’s MD and CEO.

Own your business

Whether it is BFL or the insurance firms, the BFS approach is to ensure each manager is trained to take ownership of businesses as if they were running them totally as entrepreneurs. This is at the heart of the manner in which BFS’s 26,000 employees and their companies operate and Bajaj is keen to ensure this startup-ish and disruptive attitude continues even as the group grows rapidly. “We want to create an environment where somebody who wants to be an entrepreneur but may not have the opportunity comes and does so here. Our 34 P&Ls [in BFL] run like individual businesses. The business head looks at everything like it is his money and his business,” says Bajaj. Not surprising then that people like Singhel have risen to CEO from branch manager.

Checks and balances

While Bajaj says the entrepreneurial DNA at the group has helped create high


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and reviews also ensure a single-minded focus on sustainable profitability. For instance, Bajaj says he is personally involved in HR and looks at mid- and end-year appraisals for middle and senior management. “We hold them [top managers] responsible by way of detailed monthly reviews and they are very happy to be responsible,” says Bajaj, adding that Pamnani’s background as a top-notch foreign bank professional brought in this element into the system.

“The risk review meetings in BFL go on for a full day. We now have over 450 slides, over 2,000 variables. Doing it month after month, you know what to hone in on, but the information is all there. More important, this information is available to people so that they can take action whenever needed,” he adds. There’s so much documentation and detail in the papers that Bajaj jokes it’s enough to immediately start another NBFC from scratch. “There’s enormous intellectual property in there. We need to guard it all carefully.”

The Bajaj way

Technology, innovation, disruption, differentiation: These growth drivers are meaningless for the Bajaj group “unless it’s done the Bajaj way”, says Bajaj, with the focus on values, ethics and transparency. So whether it is disclosing the internal rate of return on EMI loans of zero percent, declaring net asset values when renewing Unit Linked Insurance Plans or giving a longer free-look period while selling insurance policies, he says the idea is to ensure a high degree of transparency and fairness. “The market may go up or down but we need to be transparent and explain things to customers,” he says. “The goal of all the 26,000 employees of the group is to build the best financial services company in India. Period.” It has been eight years since Sanjiv Bajaj took charge of the financial services business—and father Rahul can now give him a pat on the back. Consider how far he has come. As of March 31, 2016, BFS and BFL had a combined market cap of Rs 64,441.14 crore; BAL’s was Rs 69,625.32 crore. What better validation could investors have asked for? “In 2007, the media universally thought that the Bajaj group demerger was done to create independent businesses for my two sons. That was not the case. The objective of the demerger was to unlock and create shareholder value. That the boys were getting different businesses was a very welcome by-product,” says Rahul Bajaj. “And, from 2007 to now, Sanjiv has really flourished.” For his younger son, these words would mean much more than the profits his companies are bringing home.

***


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We all work very hard to earn money and create wealth. We compromise our family time, fun, leisure and carry lot of stress to grow our business and make money. But do we pay enough attention to employ our hard earned money efficiently to make it grow and

“If you don’t find a way to make money while you sleep, you will work until you die.”

Wealth creation is not a rocket science. As warren Buffett says “you only have to do very few things right in your life, so long as you don’t do too many things wrong”. While it is not in our hands to decide fate and destiny, it is definitely in our hands to influence it in financial terms. Be it savings, investments or protection, it is well within the realms of reality, that we take right informed decisions. The story of being wealthy begin by a strong intent backed with actions and decisions guided by right principles and right people. An important part of being wealthy is also about managing our emotions and our habits where we do not procrastinate our financial decisions and keep control on our emotions while making financial decisions.

If we follow simple investment principles, control our emotions of greed and fear, maintain discipline and stick to our plan, nothing on this planet can prevent us from creating wealth. To keep the things simple, I am listing out some Do’s and Don’ts to keep your finances on track.

DON’Ts: The Mistakes to avoid

1) Procrastination: We fail because we do not start on time. We keep on waiting for the right time, not realizing that if we do not start the probability of winning is zero. Most of us are in ‘planning to invest’ stage since so many years, but this planning never ends and we seldom move on the next stage of execution.

2) Having undefined goals, unclear investment objectives: This is one of the major mistakes of an investor. He believes that he is investing and he will profit from it soon. There is no clarity of goals, time horizon and expected returns from the investment. When need

need.

3) Lack of diversification: Some investors are obsessed with a particular asset class. Every time they have surplus funds (sometimes even borrowed funds), they will invest in the same asset. This results in concentrated portfolio and lack of diversification. If that particular segment fares poorly, his entire portfolio fails. We have recent example of Real estate which

ESSENTIALS OF WEALTH CREATION.....by Mr. Kailas Malpani, Certified Financial Planner


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gave handsome returns from 2006 to 2011. So much so that people started saying that there is no other investment like this. As a result many investors are stuck with junk portfolio

4) Not matching the investment horizon and asset class: Not choosing the investment avenue suitable to investment horizon either results in mismatch in expected returns and risk or lower than expected returns. Fixed return investments like FD and RD are suitable for low

Investors normally keep long term funds in FD and keep renewing it and keep short term

5) Following the fad/ crowd: Investors normally tend to look at friends, relatives or colleagues to know what others are doing and then join the band wagon. We must avoid doing this as investment is an individual matter and there is no one fit solution for all. This herd behaviour lands you in tragic situation with the majority. We just need to keep in mind that majority never creates wealth and follow our own financial plan.

6) Giving up long term perspective for short term gain or greed: Many people start investments with a long term plan but get distracted due to market situations and fail to remain firm with the plan. This leaves them with no strategy and their plan of wealth creation goes with the winds of market fluctuations, greed and fear.

7) Taking too much risk or not taking risk at all: Some people are adventurous and invest totally in high risk high return products and at times lose their principal as well. And there are some who do not want to take risk at all. They always choose to invest in safe investments like FD. You will not find a single investor who has created big wealth by investing in FDs. Both the extremes do not make money. Risk and reward go hand in hand; you have to take calculated risk to build your wealth.

8) Demanding immediate results/ satisfaction: You need to give time to your investments to get the benefit of power of compounding. Wealth building is like growing grass; you can’t expect or measure growth of grass daily. You have to keep it watering and keep patience. Wealth creation is boring job. Your investments can either entertain you or create wealth for you. Not both.

disability insurance can jeopardize all your financial plans and put your family in big trouble if something happens to you.

interested in selling their products than looking for your financial well being. As a result you end up paying in multiples of the fees in the form of opportunity losses due to wrong investment decisions. As we consult a doctor for advice on health or an advocate for legal


35

advice, we should look for a professional for advice on our wealth issues.

DO’S: the Money Essentials

1) Educate yourself about investments, taxes and inflation: “An Investment in knowledge

but all the areas of life and business. It is necessary to educate ourselves about the important aspects of investments to make informed decisions.

2) Start early, establish realistic short term and long term goals: Earlier you start better it is. It will enable you to give time to your investments to benefit from the power of compounding. Warren Buffet has to say this about starting early “I made my first investment at age eleven, I was wasting my life up until then”. Establishing realistic goals will enable you to decide on appropriate asset allocation suitable to your goals and find out investment out

3) Determine and invest according to your risk tolerance: Always make investments

4) Diversification: The golden rule to protect your assets is ‘Don’t put all your eggs in one basket’. If the basket falls, you will be left with nothing. Having a heterogeneous portfolio doesn’t mean you will achieve very high returns, but it has the potential to improve returns at a given level of risk.

5) Beat inflation: If you need Rs.50000 a month to fund your house hold expenses today, you will probably need Rs.1 Lakh ten years later to meet the same expenses. So if you have put your money into bank FD assuming that this money will fund your life expenses post retirement, then beware!, because the post tax returns that bank FD provides will barely cover the inflation expenses, forget about increasing your wealth. So, you must invest in option where your savings increase at a faster pace than inflation. So, if you are here for

6) Have optimum cash reserves to handle emergencies: Never invest in long term avenues up to your last penny. Keep some amount; say 4 to 6 months expenses handy in

will protect your long term investments from unplanned withdrawals.

7) Understand the opportunity cost of every investment decision: When you invest X

or vice versa. For example if you invest Rs.10 Lakhs at 8% in FD for 10 years, you pay

opportunity cost/loss works out to be Rs.9,46,923. This huge loss goes unnoticed as we


36

never calculate and consider it as a loss. Not realizing the opportunity loss, people say we are happy with 8% returns from FD.

8) Understand the product before making investment decision: Make sure that you get accurate and sufficient written information about the recommended insurance and investments before making investment decision.

9) Follow a Personal Financial Plan: An investor must always have and follow a plan.

and goals. There are various hindrances which will come in our way, some expected while others unexpected, and these will try to deviate you from your plan. But you have to be prepared and provide for these events while moving on your path unbroken.

10) Go to a Financial Advisor: Every man does his own business best. Devising the right investment strategy, the right fit as per your goals, investment horizon, age, risk appetite, is

to perform this task, so it’s best to handover the job to the expert.

***


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having to visit and conduct seminars at my offices in Malaysia, Indonesia, Thailand and Suzhou (China). I am in the airport almost every other week so I get to bump into many people who have attended my seminars or have read my books.

Recently, someone came up to me on a plane to KL and looked rather shocked. He asked, ‘How come a millionaire like you is travelling economy?’ My reply was, ‘That’s why I am a millionaire. ‘He still looked pretty confused.

This again confirms that greatest lie ever told about wealth (which I wrote about in my latest book ‘Secrets of Self-Made Millionaires’). Many people have been brainwashed to think that millionaires have to wear Gucci, Hugo Boss, Rolex, and sit on first class in air travel. This is why so many people never become rich because the moment they earn more money, they think that it is only natural that they spend

The truth is that most self-made millionaires are frugal and only spend on what is necessary and of value. That is why they are able to accumulate and multiply their wealth so much faster.

Over the last 7 years, I have saved about 80% of my income while today I save only about 60% (because I have my wife, mother in law, 2 maids, 2 kids, etc. to support). Still, it is way above most people who save 10% of their income (if they are lucky).

I refuse to buy a first class ticket or to buy a $300 shirt because I think that it is a complete waste of money. However, I happily pay $1,300 to send my 2-year old daughter to Julia Gabriel Speech and Drama without thinking twice.

When I joined the YEO (Young Entrepreneur’s Orgn) a few years back (YEO is an exclusive club open to those who are under 40 and make over $1m a year in their own business), I discovered that those who were self-made thought like me. Many of them with net worth well over $5 m, travelled economy class and some

“POWER OF MONEY”..... By Adam Khoo (Singapore’s youngest millionaire at 26 yrs)


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even drove Toyotas and Nissans, not Audis, Mercs, BMWs.

I noticed that it was only those who never had to work hard to build their own wealth (there were also a few ministers’ and tycoons’ sons in the club) who spent like there was no tomorrow. Somehow, ‘when you did not have to build everything from scratch, you do not really value money. This is precisely the reason why a family’s wealth (no matter how much) rarely lasts past the third generation’.

Thank God my rich dad foresaw this terrible possibility and refused to give me a cent to start my business. Then some people ask me, ‘What is the point in making so much money if you don’t enjoy it?’ The thing is that I don’t really find happiness in buying branded clothes, jewellery or sitting first class. Even if buying something makes me happy it is only for a while, it does not last.

lousy again and have to buy the next thing which you think will make you happy. I always think that if you need material things to make you happy, then you live a pretty sad and unfulfilled life.

Instead, ‘what makes me happy is’ When I see my children laughing and playing and learning so fast.

What makes me happy is when I see my companies and trainers reaching more and more people every year in so many more countries.

What makes me really happy is when I read all the emails about how my books and seminars have touched and inspired someone’s life.

What makes me really happy is reading all your wonderful posts about how this blog is inspiring you. ‘This happiness makes me feel really good for a long time, much more than what a Rolex would do for me.’

I think the point I want to put across is that ‘happiness must come from doing your life’s work (be it teaching, building homes, designing, trading, winning tournaments etc.)’ and the money that comes is only a by-product.

***


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FOOD...... RAHUL A. MOHANPURKAR

When people meet and decide to have fun, its food that comes to mind. The primary source of joy, camaraderie and relaxation seems to have become food. People can eat for hours as they engage in empty chats about taste of food on plate, food that was had some time ago at a so and so place we should go again, food that one specializes in preparing,

civilized man works to bring food on the table for his family, so did the cave man from the Stone Age. Religious scriptures say, ‘Food is God Almighty’, and then no wonder our life surrounds that, nothing wrong, right?

Recently a group of very dear friends met after a long time and guess what; they wanted to have fun together. To nobody’s surprise they all thought of having ‘food’ as the world’s best option when it comes to having fun. They met at a rustic place where the food was supposed to be good. They ordered some and had to order more because it took longer to arrive for the one ordered earlier. The one that arrived faster and the one that arrived later filled the complete table with abundant choice for all sitting around ready to pounce. Munch munch munch ha ha ha wow wow ummm ummm they all gorged on the material till most of it was through and then it was time for nostalgia, poetry, jokes, memories, heart breaks and victories, a potpourri of stuff that’s cooked in the brains. What a spread of delicacies! Food for stomach and food for mind, it’s all about food, is it?

People walking out of Indian wedding ceremonies, look at each other with an expression of satisfaction on their faces, ‘what fun, well arranged’ they actually mean, ‘great food’ as they converse with their hands on their bellies and unknowingly mentioning that ‘stall full of yummy chat’.

People in India feed and throw parties when a child is born. People celebrate with food when the child is given a name. Also on his wedding day and all those so called victories along the way when he buys a new home, a new car, gets a promotion.

Finally it’s the event of death. Thirteen days after a soul departs from one body to enter another, there is party where people are fed, to pacify the departed soul. People eat with relish and a hefty appetite.

Political parties rally for the ‘food bill’. It is brought in as a game changer; it is brought out as a trump card. Food is promised to the under-privileged for a pittance at the cost of those who can still pay to buy.

***


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1. Throw out nonessential numbers. This includes age, weight and height. Let the doctors worry about them. That is why you pay ‘them’

2. Keep only cheerful friends. The grouches pull you down.

3. Keep learning. Learn more about the computer, crafts, gardening, whatever.. Never let the brain idle. ‘An idle mind is the devil’s workshop.’ And the devil’s name is Alzheimer’s.

4. Enjoy the simple things.

5.. Laugh often, long and loud. Laugh until you gasp for breath.

6. The tears happen. Endure, grieve, and move on. The only person, who is with us our entire life, is ourselves. Be ALIVE while you are alive.

7. Surround yourself with what you love , whether it’s family, pets, keepsakes, music, plants, hobbies, whatever. Your home is your refuge.

8. Cherish your health: If it is good, preserve it. If it is unstable, improve it. If it is beyond what you can improve, get help.

9. Don’t take guilt trips. Take a trip to the mall, even to the next county; to a foreign country but NOT to where the guilt is.

10. Tell the people you love that you love them, at every opportunity.

AND ALWAYS REMEMBER: Life is not measured by the number of breaths we take, but by the moments that take our breath away. Have a great weekend.

This Letter is written by a father to his son who is travelling abroad and leaving him for pursuing his higher education.

My Dear Son,

Life is a wonderful gift to all of us from the Almighty Lord. It has to be always lived in joy & happiness and also in spreading the same to the others.

It also teaches us many useful lessons from time to time. I too have learnt many such lessons in my life. Many a times in hindsight, I think, “I wish, someone had told me these lessons much earlier in my life when I was of your age or may be even younger”.

And that is why, today when you are travelling abroad for your higher education, I

Weekend Reading: HOW TO STAY YOUNG


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thought to share some of these lessons with you. I am sure that these lessons will help you in your life as they have helped me in mine, in living life full of joy and bliss.

1. Life Goal: You should always have very clear and specific goals in life that you would like to achieve from time to time. Always remain focussed on them. This will ensure that you achieve these goals as planned and also help you remain balanced during twists and turns of life when things may not be going as per your expectations. But, your “Life Goal” should always be only one and i.e. “To live life in joy & happiness and also in spreading the same to the others”.

2. Your Resources: The Almighty sends all of us on this earth with four very powerful resources namely, 1) Body, 2) Breath 3) Power to think and 4) 24 hours in a day. How far we go in life depends on how effectively we use these four key resources. So always optimise use of these four resources to the brim, and then success will automatically follow you wherever you may go.

3. Good Health: Always remember, there is nothing more important in life than one’s own health. And only you can take care of it for you and nobody else. Therefore, do whatever you like and whatever you can to ensure that you are always in best of your health, come what may. No amount of wealth can be more in value than a Good Health. Let Yoga, Surya Namaskars, Pranayama and Meditation be part of your daily routine as early as possible in life. You will understand its value, only after you have started practicing it for some time. Just do it for a few weeks for me, and then you can decide to leave it or continue?

4. Giving is Living: If you want to be miserable, worry only about yourself. And if you want to live in bliss & happiness then think for the others. This whole universe is working on the principle of “Giving”. Sun gives us energy, Clouds give us water, Trees give us fruits and shadow, Moon gives us light, Mother earth gives us so much and the Stars give us light and direction. And all of them do so day in and day out without expecting anything in return. So just be a Giver and work to bring smiles and cheers on the faces of others, and the happiness will automatically come to you wherever you may be.

5. Self-Motivation: For doing well in life, we all need motivation for sure, but not the one which comes from outside. Instead, the one which comes from within and I call it as, Self-Motivation. Do not do a thing because others will praise you, recognise or appreciate you. Rather, do it because you want to do it or because you feel that it should be done, whether or not you are appreciated or recognised for it. Remember, whenever and wherever “Excellence” is achieved in this world by someone, it’s not because he was motivated by others. Rather it is because, he was self-motivated.

6. Forget & Forgive: No one on this earth makes mistakes knowingly. Whenever they do so, it is out of sheer ignorance. And most of the times this ignorance is so deep that they are not even aware of it. Try to help such people transform themselves if you can, and if you can’t then just forget & forgive them and keep a safe distance, lest it keeps you off your goals.


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7. Problems are Opportunities: No one is immune from problems in this world. Everyone has faced them at some time or the other. Krishna was born in Jail. Mahavir’s ears were pierced with nails. Jesus was crucified and Rama had to leave the palace the day, he was to be crowned. So, look at the problems as an opportunity to further shine yourself. Problems are the paths which take you to glory. Take problems as a maze or a puzzle, work on them to solve them as a game, without losing your mental cool. Never let a problem sit on your head, rather overpower it with your courage and conviction.

Make it your habit to do so time and again. More often you do it, more adept you become in it. A problem is like a ball of cricket coming from Sohaib Akhtar. Be a Sachin Tendulkar and hit it hard over the fence, and the whole world will clap for you and clamour for you.

8. Make Mistakes and not be afraid of Loss: Make mistakes as many as you can, but don’t repeat the same mistake time and again. Mistakes are expensive only when we don’t learn from them otherwise these are very good investment. Never stay away from action and initiative because of the fear of loss. We never brought anything on this earth with us, so we have nothing to lose. But if we do act judiciously, we have so much to gain and give here.

9. Light the Lamp: It is very easy to crib and complain about the darkness. And interestingly, it is even easier to light a Lamp. Because, more you fight with the darkness, more tired and helpless you will feel. Instead, just light the Lamp, and the Darkness will simply disappear on its own. So be the one who spends his time, energy and efforts in lighting the Lamp everywhere.

10. Be Positive: Last but not the least, be positive and have positive attitude about everything, in every situation come what may. What is Positive Attitude? Challenging the Challenge is Positive Attitude. Defeating the Defeat is Positive Attitude. Converting your weaknesses into strengths is Positive Attitude.

Looking back, I feel that sometimes in past you may have felt that I was a bit too harsh with you or I scolded you. But believe me, it was not because I was angry on you or upset with you or my love for you was less in any way in those moments. No. I was never angry on you, I was never upset with you and my love for you has always been more than 100%. It’s just that I know that when a Potter moulds the earthen utensils, he may appear to be hitting the pot from outside but his hand is always inside the pot taking the force of hitting from outside, just to ensure that the pot gets the right shape and the right strength.

My dear son, follow these 10 things in life and I am sure you will make everyone proud

smiles and cheers on the faces of few people, I would feel happy and satisfied as a father, as then I would feel that I have succeeded in my duties as a father.

***


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Health Tips.....


44

Laughter Time.....


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MASSIA in Media.....


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Warm Welcome to New Members

Waluj Members:

Chikalthana / Shendra Members:

Name of the Unit Name of Representative Contact No. Recommended by

Automat Industries Mr. Sanjay Kulkarni, Mr. Angiras Joshi

8380071145,8554985520

Suraj Steel Works

Bhagwati Allied Products Mr. Rupesh R. Baheti 9422206426 HiField- Ag Chem India

Amity Electricals Mrs. S. B. Pathak, Mrs. K. K. Gund, Mrs. G.A Ambekar

7770017152 Adinath Enterprises

Aalap Industries Mr. Ajit L. Koranne 9890449411 Mikronix Gauges P. Ltd.

Green Sense Energy Systems P. Ltd.

Mr. Subhash G. Chandane

9326072571 Shardul Fasteners

Precision Engineering Mr. Prashant Jain 9689949005 Shri Siddhivinayak Inds.

Vrushabhnath Industries Mr. Chetan Thole 9822791020 Shriram Engineers

Shrameya Engineers Pvt. Ltd. Mr. Sudhashu Shevade 0240-2553926

Tejonidhi Udyog

Jairaj Ancillaries Pvt. Ltd. Mrs. Sangeetta Chawla 9810154568/9810346242

Mahavir Industries

M.S. Solar Systems Pvt. Ltd. Mr. M. G. Mahboob Ali 8698378881 Shriram Engineers

Mahapa Chemicals Pvt. Ltd. Mr. Sanjay H. Yadav 9225300311/8446933376

Keshav Metals Pvt.Ltd.

Om Auto Comps Mr. Nilesh M. Kunde 9552558121 Shriram Engineers

Suyog Plastics Mr. Vinay Walandikar 7798267067 Vijay Engineering

Sangkaj Bright Wires Pvt. Ltd. Mr. Anirudh Sanganria 9371613977 Sangkaj Steel Ltd.

Super PVC Flim Mfg. Pvt. Ltd. Mr. Sanjay K. Bahiwal 7385604091 Shardul Fasteners


Shri Venkatesh Polymould P. Ltd

Mr. Nandikishor R. Mantri

9225294444 Omech Components P. Ltd.

AMB’s C-DSP Mr. Pravin P. Ambekar 9921734777 Shardul Fasteners

Mikronix Gauges Pvt. Ltd. – Unit III (Limit Gauges Division)

Mr. Abhay G. Hanchanal

9822004679 Shardul Fasteners


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Associate Members:


Shivram Construction Mr. Bharat S. Patel 9823057439 Shankar Udyog

Advocate Kishor D. Pande Mr. K. D. Pande 9823090261 Mahavir Industries

Aditya Sales Corporation Mr. Bhupendra Singh Parihar 8692088000 Shri Janki Enterprises

Axis Consultants Mr. Bhushan S. Joshi 9850044544 Ideal Cement Products

Mastermind Solutions Mr. Anil Hanegave 9618901011 Shardul Fasteners

Freight-K-Match 8857866666 Shardul Fasteners

Berain's Bee Mr. Vikas Oberoi 8983399333 Shardul Fasteners

Drushti Eye Institue Pvt. Ltd. Dr. Sunil Kasbekar 0240-2240990 Regal Soft India

S. O. Mantri & Company Mr. Satyanarayan O. Mantri 0240-2350676 Spinform Plastics P. Ltd.

Professional Consultancy Services Kisan Rakhmaji Ghorsad 9028143444 B. K. Machine Tools

***


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Conference Hall at Waluj Office

AC Hall at Ground Floor of 50 seating capacity with

system, Chairs

2000/- 3000/- 4000/- 5000/-

AC Hall at 1st Floor of 200 seating capacity with best

system, Chairs

5000/- 8000/- 6000/- 10000/-

Conference Hall at Chikalthana Office

AC Hall at 1st Floor of 75 seating capacity with best

system, Plastic Chairs

2000/- 4000/-

Above rates are inclusive of Electricity and Housekeeping charges. Above facilities can be used for arranging meetings, conferences, seminars, etc.

For more information and booking of hall, please call 0240-2564330, 2481482 or send

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