Category: Press Release

Mumbai (Maharashtra) [India], July 7: Mumbai-based 1 Finance, a reimagined personal finance institution, announces the appointment of Manju Dhake as Vice President – Insurance, who is responsible for setting up the insurance advisory practice and strategic planning of the organisation for business excellence. Manju Dhake has a vast experience of 21 years of working with insurance companies, in both manufacturing and distribution. At 1 Finance, Manju Dhake is in charge of translating the conventional or traditional insurance industry practices into new-age solutions which will be customised based on the need based approach model of customers by creating and managing digital platforms. Her role is critical for managing insurance product integrations with internal and external stakeholders with the aim to ultimately lead to optimal customised offerings for the customer. She will be part of the 1 Finance lab’s core team which is working on setting new and transparent metrics in the insurance industry to enable individuals in the assessments of every available insurance product in the country, in one place.

Manju Dhake has attained a Fellowship in Insurance (FIII) from the Insurance Institute of India, ICWA from the Institute of Cost Accountants of India, and Post Graduate in Commerce from the University of Mumbai. She has worked with companies such as 5nance.com, ICICI Prudential Life, HDFC Life, Sushil Insurance Brokers, and L&T Finance where she has experience in the formulation of business strategies, liaising with the regulators and insurance partners, thereby contributing to the growth of the insurance businesses.

Keval Bhanushali, Co-founder & Chief Executive Officer, 1 Finance stated, “Insurance is the most mis-sold product in India. In an internal research conducted by 1 Finance, we found that at least 80% of MNIs in India who were sold insurance products later discovered that many important facts and information were either hidden or wrongly explained to them. We are on a mission to stop mis-selling in financial services in India. Taking the biggest problem first is our DNA. We are confident that Manju will be able to drive this change through 1 Finance labs. Customers need to be protected from mis-selling that can exacerbate their overall financial situation.”

Manju Dhake, Vice President – Insurance, 1 Finance mentioned, “It is a privilege to be associated with a financial institution that is focused towards the financial health of the customer. This is essential for the financial growth of not only the customer but also their families. I am pleased to become a part of the 1 Finance team, which is on a mission to eliminate the financial stresses of people when it comes to complex financial products. It really takes a deep thought process when you say upfront that you are not here to sell and generate revenues but to create value for customers by reimagining the personal finance space. The overall objective of my role is to create awareness by the right advisory engine, as an enabler for decision making for the customer and build processes to simplify the entire insurance journey for customers thereby contributing towards increasing insurance penetration.”

1 Finance Private Limited is a reimagined personal finance institution that offers qualified, unbiased, and hyper-personalised advisory on one’s personal finances including but not limited to assets, liabilities, income, expenses, and insurance.

The Mumbai-based company is backed and mentored by marquee investor Marwadi Chandarana Group, established in the year 1995 and marking its prominence in the higher education sector with Marwadi University, in retail financial services by Marwadi Financial Services, and with algorithmic, and high-frequency trading with Marwadi Chandarana Intermediaries Brokers Private Limited (MCIBPL).

1 Finance is the first of its kind ecosystem offering financial planning and advisory solutions to the emerging affluent individuals of India.

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Hyderabad (India), July 7: Lifespan Private Limited has got an approval from Department of Ayush (Government of Telangana) for carrying out tests for the identity, purity, quality and strength on the Ayurvedic, Siddha or Unani Drugs, Raw Materials and Finished Products. It becomes the first NABL (National Accreditation Board for Testing and Calibration Laboratories) approved lab in Telangana.

The certificate was handed over by Hon. Director Ayush (Govt. of Telangana) Dr Alagu Varshini, IAS to Dr. Narendra Ram Nambula CMD of Lifespan Private Limited.

Speaking on the occasion Dr Alagu Varshini said that post covid entire world has understood and acknowledged the importance of good health. It is also evident that Ayurveda plays a very important role in boosting the good immune system. She further expressed her happiness for Lifespan Private Limited in getting this certificate of approval for becoming authorized agency to test the Ayurvedic, Siddha and Unani Products. She also put a special word of acknowledgment to Dr. Narendra Ram Nambula for his work and vision in taking Ayurveda on global platform.

Dr. Narendra Ram Nambula while speaking on the occasion said, I am very much happy regarding the approval from Dept. of Ayush, Government of Telangana. Our company’s main aim is to make organic products using natural ingredients which will benefit everyone. After getting this approval Lifespan will be one of the sole agencies in Telangana state which can test the authenticity of any Ayurveda, Siddha or Unani products. He further said with this license Lifespan has achieved a milestone of joining the elite club of the companies in India who have got a nod from the Ministry of Ayush to conduct all tests related to identity, Purity and Strength of the Ayurvedic, Siddha and Unani products.

Dr. Narendra Ram Nambula put a special word of his gratitude and thanked Hon. Minister of Health Sh. Harish Rao and Hon. Director Ayush (Govt. of Telangana) Dr Alagu Varshini.

Lifespan Private Limitedis one of India’s largest manufacturers of Ayurvedic, Nutraceutical, Herbal and Personal Care Products. The manufacturing facility of the company is situated in Siddipet District of Telangana and is built according to USFDA standards.

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The real estate CRM application is built natively on Salesforce Sales Cloud to support SMEs

July 7: Cloud Odyssey, a UK-based IT consulting firm, launches COEM – a Salesforce application designed specifically for real estate businesses. Built natively on the Sales Cloud, COEM allows real estate companies to record, store, manage, and assess their records on a single unified platform. The software caters specifically to the small and medium businesses that are willing to drive digitization.

COEM is designed to handle processes related to sales and loan management for businesses operating in the real estate industry. Some of the key features of COEM include:

• Daily, weekly, monthly, and quarterly sales reports
• Advanced dashboards
• Loan eligibility assessment
• Salesforce business process implementation
• Custom notifications
• Provision for feedback after every site visit

The sales aspect of the application allows users to add the acquired leads to an automated sales pipeline, nurture them, and carry out personalized interactions with them to close deals. It also helps users keep track of new opportunities, raise invoices, manage payments, generate reports, and make important assessments about the business processes carried out by the companies. The application automates these processes to prevent the staff at real estate companies from carrying them out manually.

Along with handling sales, COEM allows real estate businesses to streamline loan management processes as well. From on boarding borrowers to keeping track of their payments and managing accounts with every transaction, the Salesforce native application automates and enhances a range of different processes.

COEM keeps user access restricted and organized to ensure smooth operations. The application is primarily designed for two kinds of users – sales executives and tele-callers. The CRM access to tele-callers is limited to leads for helping them reach out to prospects and clients. On the other hand, sales executives have wider access to records as they are responsible for handling payments, managing documentation, facilitating site visits, and other processes. However, the software allows everyone working at a real estate company to stay on the same page by facilitating seamless coordination between different teams.

Suresh Goli, the founder, and CEO of Cloud Odyssey believes that the adoption of Salesforce will increase in industries like real estate to automate traditional processes. He says, “CRM platforms like Salesforce are no longer limited to conventional high-end enterprises. Over time, Salesforce has found applications in sectors like real estate, healthcare, wealth management, education, and many more. With COEM, we intend to help businesses operating in the real estate industry streamline their tasks, keep track of their transactions, manage their sales leads, and build healthy relationships with their clients.”

While COEM currently caters to SMEs, Cloud Odyssey is planning for the second phase of development and roll out where the application would support enterprise businesses as well, making the initiative more holistic.

To install COEM and know more about its offerings, click here.

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India, July 6: Vishal Saini, a listing partner, who has been associated with the crypto market for the last four years, has partnered with 30 exchange platforms as a listing partner.

Born and brought up in the city of Haldwani in Uttarakhand, Vishal took an interest in the crypto market soon after graduating from Kumaun University.

The crypto market gained popularity in 2009 with the introduction of Bitcoin. In early 2010, Bitcoin was the only cryptocurrency in the market. Over the next few years, new digital currencies were introduced into the market, and their prices rose and fell along with Bitcoin’s.

The uncertain characteristic of cryptocurrencies led to several speculations as an investment vehicle. However, by late 2017, cryptocurrencies saw unprecedented growth. Despite crashing, the crypto market has projected a steady growth throughout.

Today, several listing partners are associated with exchange platforms that help regulate tokens. Vishal Saini helps new and budding projects with marketing and various services in the crypto market. For the last four years, Vishal has been working with 30+ different Crypto Exchanges to list new tokens in Different Tier Exchanges such as KuCoin, Huobi Global, Bybit, OKX, Gate.io, MEXC, CoinDCX, Bitbns, BitMart, LBank etc.

Some of the projects that Vishal has worked on include Catcoin, Crogecoin, Echelon, and Terareum.

“The crypto market is an interesting domain with endless prospects. Despite the scrutiny, it has been subjected to the market flourishes with more and more people taking active participation in it. In a short time, I have managed to associate with several exchanges and look forward to establishing a company of my own to provide exchange listing along with the auxiliary services to new and old projects”, signed off Vishal.

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Investment in technology, tie-ups with insurance & financial institutions and picking up stakes in related wide distribution channel companies will be key growth drivers

MUMBAI, July 6: Madhavbaug, a brand of NSE listed Vaidya Sane Ayurved Laboratories Ltd, a specialist in treating and reversing critical cardiac-related ailments, is all set to enter the next phase of growth through both organic and inorganic routes. 

Addressing the shareholders at the 23rd Annual General Meeting of the company and the first after listing of its shares on NSE in February 2022, Dr Rohit Sane, Founder, Managing Director and CEO of Madhavbaug, explained in detail the company’s strategy to promote Ayurveda among the masses through aggressive use of technology and collaboration with insurance companies and financial institutions to fund patients treatment expenses. The aim is to increase the reach of Ayurveda to every nook and corner of India and make Ayurveda treatment affordable to many people in India. 

Madhavbaug has already inked an agreement with India’s leading insurer SBI General Insurance Company Ltd, to provide policyholders direct cashless treatment facility at Madhavbaug’s hospitals. Additionally, the company is in various stages of negotiation with other insurers to extend similar cashless treatment facilities for their patrons.  

 “We are working towards getting empanelled with various insurance companies to provide access to Madhavbaug’s comprehensive set of Ayurvedic treatments and wellness therapies to its policyholders and other stakeholders. We are also trying to tie up with corporates to provide our state-of-the-art healthcare services to their employees. To make our treatment universal and affordable to even the poorest needful section of society, we collaborate with various financial institutions to fund the treatment cost. 

Under this plan, patients will have the flexibility to repay the principal amount through EMI. In contrast, Madhavbaug will bear the interest component,” said Dr Rohit Sane.

By the end of 2025, Madhavbaug has envisaged enrolling 2 Lakhs patients per annum and increasing the total number of health care centres to 600 compared to 80-90k patients per annum with 270 care centres currently. 

In FY 22, Madhavbaug reported a 785 per cent growth in its profit after tax (PAT) at Rs 3.46 crore compared to Rs 39.2 lakhs in FY21. During the same period, the company’s gross revenue increased from Rs 52.37 to Rs 75.04 crore. 

Dr Sane also highlighted inorganic growth as part of the company’s key strategy for the future. “Madhavbaug has identified current market scenarios, and business requirement necessitates inorganic growth for the company. Acquisitions of stake in companies with widespread distribution channels; call centres, food and medicine manufacturers etc., can be considered key to such growth,” he added. 

Ayurveda is witnessing a resurgence in India as people are approaching ancient healthcare science as a way of life as opposed to the earlier notion of Ayurveda as an alternative area of medicine. 

About us: With more than a decade of experience in preventive cardiology, Madhavbaug has a strong track record of patients who have obtained relief from life-threatening diseases with Madhavbaug’s treatments. Founded in 2006 with a vision to reduce mortality and morbidity due to heart disease and lifestyle disorders, Madhavbaug has established a strong foothold in non-invasive cardiac care with 274 clinics and two hospitals.

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