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ANI News | Siddharth Mehta, IL&FS former director shares about the Fintech Startups Growth

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ANI News | Siddharth Mehta, IL&FS former director shares about the Fintech Startups Growth

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New Delhi [India], April 4 (ANI/PNN): Modern customers' perceptions of finance have changed because of fintech. Fintech startups created new goods and services or altered existing ones by using technology says Siddharth Mehta, founder & CIO of Bay Capital, all with the primary objective of improving the customer experience. The creation of value for consumers through distinctive offers, with consumer comfort and safety at the forefront, is a common goal.
The sector offers services in a variety of fields, including Neobanking, payment gateways, wallets, insurance technology, investment technology, and personal finance technology, among others. To expand the reach of organized finance in India, fintech startups have filled the gaps between consumer demand and existing products.
To provide a hassle-free experience according to Siddharth Mehta, IL&FS former director says several financial businesses are also offering their clients extensive services. Take any fintech app as an example; the creators claim it is a super software that motivates users to save, spend, lend, and increase their wealth within their bank accounts. The Fintech App's centralized dashboard shows users' assets, obligations, and balance sheets without requiring them to hop between several apps.
By integrating a wide range of financial products, FinTech startups offer a new age neobanking experience, according to Bay Capital's CIO. Due to time constraints and the size of one's personal and professional commitments, one has little to no time to comprehend or buy various financial products from various service providers. "The next-generation solutions cover all of our customers' financial needs under one roof, including banking, payments, investments, insurance, and lending" he added.
Fintech businesses in India have also brought about financial inclusion through digitally enabled outreach of financial goods added Siddharth Mehta, Bay Capital Founder On the other hand, other entrepreneurs have their sights set on the gig economy market, which is frequently ignored by traditional financial service providers since its members do not have a consistent stream of revenue.

Finance for startups is easily accessible from FinTech companies. Traditional banks used to need a variety of documentation, and their procedures were complicated and time-consuming. Startups clearly couldn't afford this, but the emergence of FinTech firms has undoubtedly lessened this issue asserts Mehta.
These businesses offer online payment solutions that let customers send invoices, take payments, and pay creditors without the need for a merchant account or an expensive card payment acceptance machine. It enables the merchant to accept many payments at once and ensure that all duties are completed in accordance with banking, anti-terrorism, and other payment requirements.
"By giving customers the opportunity to create checks online, FinTech businesses are helping to simplify the processes", claims Siddharth Mehta IL&FS former Director.
These businesses have developed a technology-based solution called "Check" that gives company owners the opportunity to handle all of their invoices in one location. Additionally, these systems guarantee on-time payment of the invoices.
"Fintech start-ups are assisting in the introduction of services that are nominally priced and hence competitively priced". Additionally, they are fighting for the redesign and transformation of the current services, which is advantageous for the customers. "These firms have the ability to advance the economy by utilizing blockchain, big data, machine learning, AI, and other technologies" he added.
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

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Fintech Startups are the new unicorn of the market, says Siddharth Mehta

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New Delhi [India], April 4 (ANI/PNN): Modern customers' perceptions of finance have changed because of fintech. Fintech startups created new goods and services or altered existing ones by using technology says Siddharth Mehta, founder & CIO of Bay Capital, all with the primary objective of improving the customer experience.

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The Print | Siddharth Mehta, IL&FS former director shares about the Fintech Startups Growth

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The Print | Siddharth Mehta, IL&FS former director shares about the Fintech Startups Growth

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Siddharth Mehta former director of IL&FS says the growth of fintech startups has been driven by a number of factors, including increased adoption of digital technologies, changing customer preferences, and regulatory changes that have opened up new opportunities for innovation.

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Fintech Startups are the new unicorn of the market, says Siddharth Mehta

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New Delhi [India], April 4 (ANI/PNN): Modern customers’ perceptions of finance have changed because of fintech. Fintech startups created new goods and services or altered existing ones by using technology says Siddharth Mehta, founder & CIO of Bay Capital, all with the primary objective of improving…

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Siddharth Mehta, IL&FS former director | Moneylife News

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Siddharth Mehta, IL&FS former director | Moneylife News

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Battered by the COVID-19 crisis, large companies in India are looking to their banks for digital solutions that can make their supply chains more resilient to pandemic-related disruptions. These demands are speeding up the transformation of trade finance -one of the banking industry's last paper-based holdouts -into a digital business, says a research report.

The report by ratings agency CRISIL says, Indian companies' need for operational agility in crisis have spurred uptake of new digital tools. "Facing these challenges, Indian companies have changed their 'ask' to banking providers," says Gaurav Arora, head of APAC & Middle East at CRISIL Coalition Greenwich.

"In the crisis, operational agility and digital solutions are taking precedence over the traditional priorities of financing trades and meeting liquidity needs," he added.

The global pandemic hit global trade flows harder than the global financial crisis of 2008-2009. Now, a second wave of COVID cases in the United States and Europe are dashing hopes of an early recovery. For large Indian corporates, CRISIL says, this could mean a continuation of troubles experienced in the first half of this year, including supply-chain disruptions due to lockdown measures, industrial shutdowns and the resulting delays in shipping and transport.

Unlike most areas of banking and business, the vast and diverse world of international trade and finance still relies heavily on the physical exchange of paper documents to function seamlessly.

However, the results of a new Coalition Greenwich study suggest that the business in India is changing. In 2019, 88% of respondents ranked 'competitive pricing' as a key criterion for trade provider selection, while only 11% considered quality of e-banking and digital platform a relevant metric. However, in 2020, CRISIL says it observed a sharp shift toward digital solutions, with 60% of the respondents ranking digitization as a critical metric for evaluating a trade provider.

It says, "Although it is companies' need for operational agility in the face of COVID-19 disruptions that is driving this increased demand for new solutions, the emphasis on digital will outlast the pandemic."

"Once the threat of the pandemic begins to dwindle, things like end-to-end supply chain visibility and digital interoperability will become much higher priorities for corporates that have now started down the digital path. This, in turn, will compel banks to evaluate their digitization strategy and accelerate the digital transformation of trade finance," the ratings agency says.

According to Mr Arora, with corporates increasingly adopting digital solutions to interact with their customers and seamlessly deliver services, they will inevitably demand a similar level of digitisation from their banks and other service-providers.

"The global supply chain landscape is changing, with corporates across the world reassessing their supply chains and repositioning for the 'new normal'. In tandem, trade finance is shifting shape, aided by digital interventions and the changing needs of the corporates. The deep transformation in global trade and commerce that is currently underway will require banks to increase their digitalization efforts and make end-to-end connectivity a reality. The prevailing environment affords banks the opportunity to assess their current digitization drive, identify the gaps, and rethink and redesign for the future," the ratings agency added.

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COVID-19 Disruptions Speed Transformation of Trade Finance Industry in India: Report

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Battered by the COVID-19 crisis, large companies in India are looking to their banks for digital solutions that can make their supply chains more resilient to pandemic-related disruptions. These demands are speeding up the transformation of trade finance -one of the banking industry's last paper-based holdouts -into a digital business, says a research report.

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Siddharth Mehta of IL&FS shares about the digital transformation growth

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Siddharth Mehta of IL&FS shares about the digital transformation growth

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The digital transformation (DX) spending in India is probably going to reach $85 billion by 2026 as firms in the nation plan to diminish the costs by expanding effectiveness, further developing security/risk capacities, and further developing client experience through tech-empowered digital transformation, a report said on Tuesday.

More than 95% of Indian associations intend to expand DX spending or keep at a similar level in 2023, as per the IDC.

During the pandemic, digital transformation helped Indian associations to endure difficulties and support contests.

The lockdown and remote working constrained associations to sanction the course for digitalization endeavors.

Comment on this article: Tilak Verma: After the pandemic, Digitalization shows up boom in India and many Indian businessman such as Siddharth Mehta IL&FS, Natarajan Chandrasekaran of Tata Group, Reliance Chairman Mukesh Ambani support the Digital campaign run by Indian Government and it results fabulously that shows in this article.

Read the full article here https://www.daijiworld.com/news/newsDisplay?newsID=1026725

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Digital transformation spending in India to reach $85 bn by 2026

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The digital transformation (DX) spending in India is probably going to reach $85 billion by 2026 as firms in the nation plan to diminish the costs by expanding effectiveness, further developing security/risk capacities, and further developing client experience through tech-empowered digital transformation, a report said on Tuesday.

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Adobe remains bullish on a rapidly expanding digital India - The Hindu

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Adobe remains bullish on a rapidly expanding digital India - The Hindu

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We are constantly innovating ourselves to empower businesses to build and deliver personalised customer experiences at scale, with accelerated content velocity, seamless customer journeys, and real-time customer data. We are also metaverse ready....

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October 01, 2022 07:57 pm | Updated October 02, 2022 08:51 am IST - Bengaluru

Adobe Acrobat Reader, Photoshop, PDF and some other Adobe tools are household names in India and the relevance of these is only increasing with digital connectivity growing exponentially in the country, claimed Prativa Mohapatra, VP & MD, Adobe India in an interview. Excerpts:

A / GSMA Intelligence's numbers indicate that mobile connections in India were equivalent to 81.3% of the total population in January 2022. The number of mobile connections in the country increased by 34 million (+3.1%) between 2021 and 2022. Digital connectivity will only further increase in the years to come and anyone, anywhere with a digital device has access to digital documents/tools, including Adobe's range of solutions. In fact, tools such as Adobe Acrobat Reader and Photoshop are household names and hold a significant market share in India. Designers, photographers, filmmakers, illustrators, graphic professionals, creative artists, businesses, governments and start-ups have relied on Adobe products for years as their go-to tools. With the explosion of the creator economy, more solopreneurs, and small business owners are now able to express themselves creatively, whether it's for a side gig or a key critical element of their full-time profession. Adobe Creative Cloud offers a vast portfolio of goods and services in every creative field, including imaging, photography, design, video, and 3D and immersive solutions.

A / Our recent 'Future of creativity' survey revealed that there are 303 million creators globally. The creator economy has the potential to reshape so many aspects of society - personal fulfillment, social issues, and even the economy. Creativity is going to be a vital skill for the future economy, the relevance, and potential for which is growing at a rapid pace. At Adobe, we believe everyone has a story to tell and it's our responsibility to empower these creators to convey their own true stories effectively. The idea is to let the creativity flow by enabling a digital environment of seamless collaboration and creation, as people redefine the world around them. Technology is the facilitator for creativity and therefore everyone must embrace it to thrive in the digital-first world, especially in the post-pandemic world. In fact, according to our report, 165 million + creators joined the Creator Economy since 2020 and one in four people globally are creators contributing to online spaces! Out of these, 48% of creators are universally motivated by the same goal: freedom of expression. By the way, India sits right at the heart of a content explosion.

A / The passion economy is certainly on the rise. For gig workers and side hustlers, the passion economy presents a new way to capitalise on creativity by connecting these creators with engaged communities who share their passions and can explore a way to monetise this passion. According to our study, some 39% of creators aspire to become business owners aligned with their creative hobbies. Creativity and creative expression in the new world order, and creators have an incredible amount of power and opportunity owing to rapid digital transformations. The impact of creativity is visible, also creators are eager to engage with their audience more effectively. For instance, creative classrooms, to revamp the education system. We are now seeing a renaissance in creativity as a key success differentiator for businesses to leverage newer ideas to inspire, communicate and connect with their customers.

A / There have been tectonic shifts seen in the creator economy, even before the pandemic. As per Oxford Economies' report, YouTube content creators alone contributed a whopping ₹6,800 crore to the Indian Economy in 2020. And this number will have surely gone up substantially since then. Digital transformation is here and now, and as India leapfrogs further into the digital age and goes through the next level of transformation to become a $1 trillion digital economy, customer experience management presents a massive opportunity for businesses to gain a competitive edge. With Adobe's customer experience management category, we empower businesses, whether big or small and individuals in their digital transformation journeys. With Creative Cloud, we are giving anyone, anywhere the tools to express their creative potential, and fuel and transform this creator economy. Adobe has been accelerating document productivity and pushing the paperless agenda of various government bodies in India with Adobe Document Cloud. The shift to remote work has made digital workflows even more mission-critical. Adobe is also enabling enterprises to harness the power of digital documents to bolster business success via various solutions like Adobe Sign and PDF, plus Adobe Experience Cloud is powering digital businesses for their cloud requirements.

A / India is one of the most strategic and fastest-growing markets globally and in the APAC region for Adobe. With around 7,000 employees, it is the second-largest establishment for us after North America and home to over 1/3rd of Adobe's global innovations across our three cloud businesses. Adobe India is a key contributor to both our intellectual property creation and business growth globally. We have seen a solid track record of growth across the enterprise and consumer segments backed by our teams in India. Moving forward, we continue to stay committed to enabling businesses across sectors as diverse as BFSI, education and skilling as well as retail with category-leading digital solutions and willingness to partner with them to chart the next stage in their growth journey.

A / On our mission to change the world through digital experiences, we at Adobe are always looking around the corner for technologies and ideas that can inspire, transform, and move the world forward. With the Industry 4.0 revolution, the manufacturing industry is imagining and designing its products with next-gen tech. In this context, our tools such as Substance 3D bring an ecosystem of apps and content empowering product designers across all disciplines and industries to streamline design workflows, and to raise product visualisation to new levels of realism and detail. We are constantly innovating ourselves to empower businesses to build and deliver personalised customer experiences at scale, with accelerated content velocity, seamless customer journeys, and real-time customer data. We are also metaverse ready.

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Adobe remains bullish on a rapidly expanding digital India

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October 01, 2022 07:57 pm | Updated October 02, 2022 08:51 am IST - Bengaluru Adobe Acrobat Reader, Photoshop, PDF and some other Adobe tools are household names in India and the relevance of these is only increasing with digital connectivity growing exponentially in the country, claimed Prativa Mohapatra, VP & MD, Adobe India in an interview.

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Siddharth Mehta of Bay Capital speaks about digitalization in India

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Siddharth Mehta of Bay Capital speaks about digitalization in India

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What to Expect From India’s G-20 Presidency 

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What to Expect From India’s G-20 Presidency 

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BRINK – Conversations and Insights on Global Business

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What to Expect From India’s G-20 Presidency

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The previous G-20 presidencies delivered significant results in global economic governance and relieving debt burden from the COVID-19 pandemic.

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Siddharth Mehta, IL&FS Former Director | Wordpress

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Siddharth Mehta, IL&FS Former Director | Wordpress

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#siddharthmehtailfs #siddharthmehta #ilfs #digitalization #india

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Amazon launches AWS Lift in India for digital transformation of SMBs

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Amazon launches AWS Lift in India for digital transformation of SMBs

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Amazon's cloud arm AWS launched AWS Lift in India to help small and midsize businesses (SMBs) with their digital transformation. Focused on businesses with annual revenues of 80 to 625 crore, AWS Lift program will offer access to 200 fully-featured services on AWS. These companies will be able to leverage AWS services without any associated costs.

With a minimum billing fee of $1 and no lock-in periods, companies will be able to leverage the pay-as-you-go model to develop their operations and transform processes to drive new revenue growth.

"Our SMB customers are already seeing business results by leveraging the cloud to enhance their productivity, increase customer acquisition, and expand into new markets. We look forward to empowering more customers to adopt the cloud with AWS Lift, in collaboration with our partner network, as India realizes the vision to become a digitally empowered society and knowledge economy," said Puneet Chandok, president of commercial business, AWS India and South Asia.

Notably, Amazon announced in 2020 that it will support digitalisation of 10 million SMBs in India by 2025. Last year, AWS launched SMB Vidyalaya to support the digital upskilling of small businesses and introduced Amazon Digital Suite for offering software solutions.

According to IDC FutureScape: Worldwide Small and Medium-Sized Business and Digital-Native Business 2023 Predictions - India Implications, 30% of SMBs will shift half of their core workloads to the cloud by 2025 to drive business agility and future resilience.

"SMBs are the backbone of the Indian economy and are eager to adopt technology to achieve greater efficiency and flexibility. They are increasingly investing in technology solutions to become more cost-efficient, improve customer acquisition and retention, and balance growth with quality. By adopting a more digital way of doing business, SMBs in India have tremendous potential to expand - leading to an increase in their market share," said Supriya Deka, Senior market analyst for digital small and medium-sized business, IDC Asia/Pacific, in an IDC report.

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Amazon launches AWS Lift in India for digital transformation of SMBs

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Amazon's cloud arm AWS launched AWS Lift in India to help small and midsize businesses (SMBs) with their digital transformation. Focused on businesses with annual revenues of 80 to 625 crore, AWS Lift program will offer access to 200 fully-featured services on AWS. These companies will be able to leverage AWS services without any associated costs.

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

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EY forecasts India to be the fastest growing large economy witnessing a six-fold increase in its per capita GDP that would cross US$15,000 by 2047

The report identifies eight key areas that will accelerate India's growth over the next decade

Amid the ongoing megatrends, India would have a significant advantage owing to its strong domestic demand, digitalization, largest talent pool globally, financial inclusion, global competitiveness, and sustainability transition

Macroeconomic stability, ease of doing business, power sector reforms and greater energy independence are key to economic resilience

18 January 2023:EY, the leading professional services organization, today announced its growth projection for India that estimates Indian economy will reach GDP size of US$26 trillion (in market exchange terms) by 2047, the 100 th year of the country's independence. The per capita income is expected to increase to US$15,000, putting the country among the ranks of developed economies. The report, India@100: Realizing the potential of a US$26 trillion economy, was launched by Sri Ashwini Vaishnaw, Railway and IT Minister, Government of India on the sidelines of the World Economic Forum at Davos, Switzerland.

The reportunderscores the growth trajectory of the Indian economy that is projected to be the highest for any large economy over the coming decades. It also cites key enablers that will underpin the country's development over the next 25 years that will unleash business opportunities across sectors and will significantly enhance India's global competitiveness. It recommends ensuring macro-economic stability and resilience and continued thrust on reforms, which will be especially relevant in the backdrop of on-going geo-political conflicts, inflationary pressures and slowing global growth.

Launching the report, Sri Ashwini Vaishnaw, Minister of Railways, Communications and Electronics & Information Technology in Government of India, said, In line with Prime Minister Narendra Modi's vision, India has commenced its journey into 'Amrit Kaal', a uniquely auspicious period, representing India's opportunity to herald a new world era. There is an unparalleled impetus on developing world-class infrastructure supported by growth and investment-oriented policies and reforms to establish India as a manufacturing and technology hub. Over the next decade, India will not only be the fastest growing economy but will also play an integral role in leading the world into a sustainable future."

Carmine Di Sibio, Global Chairman and CEO, EY said " As this study shows, India offers a unique investment opportunity as the world struggles with heightened consumer demands and increased geo-political pressures. With the biggest talent pool, an accelerated pace of economic reforms, breakthroughs in energy transition, and rapid digital transformation, the long-term growth trajectory is clearly positive. India demonstrates immense potential and is positioned to make a truly transformative impact on the world stage."

Rajiv Memani, Chairman and Managing Partner, EY India said " The entrepreneurial spirit of the private sector and policy measures of the last few years in the domains of fiscal, digital, physical infrastructure and social inclusion has uniquely positioned India for higher and sustainable growth. India is already among the fastest growing economies globally and is now at an inflection point where a new era of growth drivers will emerge. The next 25 years - the 'Amrit Kaal' - must bring an equal and strong focus on providing inclusive opportunities to all sections of the population, including women and those economically and socially disadvantaged."
EY projections
Using International Monetary Fund's (IMF) medium-term projections and Organization for Economic Co-operation & Development (OECD)'s long-term forecasts, EY has made projections under alternative assumptions covering the period FY2023 to FY2061. For the period FY2023 to FY2028, IMF's projections pertaining to India's real and nominal GDP growth as well as its nominal savings rate have been used. With India's real GDP growth forecasted to average 6.5% during this five-year period, it is expected to be moderately affected by global economic events as compared to the rest of the world. The long-term projections beyond FY2028 are based on the OECD's methodology with suitable modifications made with respect to India's growth profile.

Under the most preferred scenario, India is likely to cross the critical thresholds of US$5 trillion, US$10 trillion and US$20 trillion in market exchange rate terms in FY2028, FY2036 and FY2045, respectively.
Growth enablers
EY has recognized eight key enablers of growth that will impact sectors across the economy and play a critical role in propelling the growth engine, as summarized below.

World's Information Technology and Services Hub: With strong services exports at US$254.5b in 2021-22, India enjoys a strong foothold especially in the IT and BPO services exports. There is now an opportunity for the country to seize a higher share of transformational and more complex, expertise-based services to grow faster in the IT services sector. In non-IT services segment, India has an opportunity to fill in the talent gap as developed economies face a shortage of skilled talent due to demographic changes. This would be in areas such as education and healthcare, where services are increasingly being delivered over digital channels. India has the potential to become a services and technology talent hub for the world.

Digitalization: A Force Multiplier: The furious pace of digitalization in the country, including by the government, would result in multiple benefits of improving governance, financial inclusion and providing a framework for private players to reach new markets and create new products and services. The India Stack pioneered in the country is now the global benchmark for most countries. Following a spate of digitalization in the government and private sectors, the digital economy has grown by 15.6% over the period 2014 to 2019, 2.4 times faster than the growth of the Indian economy. Platforms like Open Credit Enablement Network (OCEN) and Open Network for Digital Commerce (ONDC) will democratize credit at scale and e-commerce market respectively.

Filing the credit gap to fuel growth: India's private debt to GDP ratio remains one of the lowest among large economies, providing a headroom to drive 200 - 300 bps incremental annual GDP growth for the next 20-30 years to reach the current global average private debt to GDP levels. With accelerated credit growth and development of the corporate bond market and digital lending, an optimal financial architecture can help address the critical demand and supply gap in credit to individuals and Micro Small and Medium Enterprises ("MSMEs"), reduce cost of capital, and increase the share of private debt to sustain high growth.

Thriving entrepreneurship spurred by private capital: Start-ups have grown remarkably over the last six years, with India emerging as the third largest ecosystem for start-ups globally. PE/VC investments in India have touched record levels, reaching US$82b in FY21-22. The spurt of new-age companies across technology and other sectors on the back of rapid digitalization, large domestic market and strong capital availability will be instrumental in delivering relatively high and sustained growth to the Indian economy.

Reaping the demographic dividend: 25% of the incremental global workforce over the next decade will come from India. India also has the largest pool of English-speaking STEM graduates with an annual addition of 2.14 million (47% women) and 6.2 million healthcare professionals which includes doctors and nursing staff. This large young and working population will not only reinforce India's competitive advantage in the services sector but also drive manufacturing and unleash a massive boom in domestic consumption patterns.

Making domestic manufacturing competitive: As global supply chains continue to diversify post pandemic, the government's 'Aatmanirbhar Bharat' (self-reliant India) initiative in manufacturing has found further impetus through path-breaking policies such as the Production-Linked Incentives (PLI). Going forward, the country has the opportunity to move up the value chain through complex, high value product manufacturing and in emerging "sunrise" sectors of semiconductors, mobile phones and EVs, positioning India as a nucleus of manufacturing for the domestic and global markets.

Building the infrastructure of the future: In addition to massive upgrades in roadways, investments in physical infrastructure are being supplemented by IT-based ease-of-doing-business initiatives under the National Logistics Policy, with an aim to increase efficiency and lower the cost of movement. Impetus on modernizing railways and Dedicated freight corridors (DFCs) could considerably transform the movement of goods and exports, thereby lowering India's high logistics costs, making cargo delivery more effective, economical, and reliable.

Transition to sustainable energy: The government has set a target to be net zero by 2070 and reduce carbon intensity by 45% by 2030 vis-à-vis 2005 levels. Renewable energy and development of green hydrogen can help India in its endeavour to achieve energy independence by reduced hydrocarbons import. The GoI has announced several progressive policies toward adoption of green hydrogen, with a goal to meet 10% of global hydrogen demand by 2030. The policy changes have spurred investments by both the private sector and state-owned enterprises providing optimism that round the clock emission-free energy may become a reality. The renewable energy capacity has increased from 40 GW in 2014 to 166 GW by 2022. As India scales up further, opportunities across generation capacity, equipment manufacturing, storage and transportation services and other allied areas are emerging for private enterprises to capture quickly and decisively.
Policy recommendations
As India marches forward into its Amrit Kaal (an auspicious period most conducive to achieving the country's potential) and seizes the emerging opportunities across the above enablers, it will be critical to plan for factors that can impede progress. While the GoI has been strategic in its macro-fiscal response during the pandemic and the geo-political conflict, continued prudent macro-economic management focused on managing and stabilizing inflation and currency, ensuring predictability in policies and proactively de-risking the economy would remain important for India to continually attract domestic and global investors.

Simultaneously, enhancing ease of doing business, accelerating power sector reforms and energy independence, and enabling quality healthcare and education will not only increase business confidence but also ensure socio-economic development on a sustained basis.

Download the full India@100 report (112 pages) Download the Executive Summary (20 pages)

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EY projects India to become a US$26 trillion economy by 2047 with a six-fold increase in per capita income to US$15,000

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EY forecasts India to be the fastest growing large economy witnessing a six-fold increase in its per capita GDP that would cross US$15,000 by 2047 The report identifies eight key areas that will accelerate India's growth over the next decade Amid the ongoing megatrends, India would have a significant advantage

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Moneylife | Siddharth Mehta, Former Director of IL&FS

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Moneylife | Siddharth Mehta, Former Director of IL&FS

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#siddharthmehtailfs #siddharthmehta #ilfs #siddharth #mehta #digitalization #india #moneylife

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India needs to focus more on digital infrastructure: James Murdoch

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With digitization, the Indian industry will finally have the incentives to invest and create. Even more important, local customers will have the content and choice—worthy of the nation’s rich diversity

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Adoption Of Digital Rupee At The Cost Of UPI | siliconindia

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Adoption Of Digital Rupee At The Cost Of UPI | siliconindia

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According to the Reserve Bank of India, from December 1st, the digital rupee on a pilot basis in four cities was started by the governing board. However, data is indicating that India has already witnessed the Unified Payments Interface (UPI) success. The country might not be already looking forward to opting for the digital Rupee. An IMF (monitoring the international monetary system and global economic developments for identification of risks and recommending policies for growth and financial stability) states that instant payments are regulatory and payment substitution in countries that have opted for the existence of instant payments which include UPI and may limit the incentive for the users.
Digital Rupee Data Stats
Data is showing that the case of issuance of retail CBDC (a digital liability of a central bank that is widely available to the general public) can be traced as being less compelling in some advanced economies which include countries of Australia, Singapore, and the United Kingdom. It can be compared to emerging markets and developing economies. The IMF paper states that the motivations for EMDEs include promoting financial inclusion, enhancement of payment system efficiency, competition, security, resilience, and cross-border payments. In the case of Indian states, the technology of UPI has already been satisfying most of the motivations that are available. UPI, which was launched in India in 2016, crossed one billion transactions in October 2019. From FY23 till now, the UPI has processed 44.32 billion transactions worth INR 75 trillion. Nearly 76 percent of Indian states now prefer the usage of UPI during online checkouts while more millennials (84 percent) are now using UPI when they are shopping online. As per a news published, the cognizance of instant payments and retail CBDC, which are operated by and settled through a central bank is quite strong. Both will be providing instantly available goods and final funds which are backed by a central bank. And the papers that are arguing that if instant payments are structured in a country such that they are feasible alternative cash at the retail level and it might all well limit the incentive for the users to the adoption of retail CBDC.
Digital Rupee Conquest
Triumphing UPI had a first-mover advantage with retail users. Including their trust, in instant payment, the method for everyday transactions are tending to form the bulk of its usage. The paper IMF is arguing with points that are similar between instant payments and CBDCs are exceedingly strong to be ignored. Stating that instant payments are providing P2P transactions at zero cost and P2B payments and only pose very low costs for business payment receivers. The adoption of CBDC might be an important compromise. Experts are arguing that there is going to be a payment method that will co-exist and cater to the demands of different users. This will be enabling the Reserve Bank of India and will be keeping a close eye on untoward transactions. Adelia Catalino, Co-Founder and Managing Director, In-Solutions Global Ltd., states that "Retail CBDC will potentially enable RBI to play a crucial part in providing access to financial services to the unbanked, reducing fraud and money laundering and offering a safe alternative for digital payments."
Market Helps In Digital Rupee
Industry players are high in playing a key role in being successful adoption of the digital Rupee and it is almost similar to what is leading to UPI success. There are a plethora of factors contributing to the growth of UPI's success which are interoperability of QR, zero charge regime, customer acquisition initiatives by PSPs, and finally the pandemic. Jaikrishnan G, Partner, and Financial Services Consulting, Grant Thornton Bharat, stated there must be a design in seamless interoperability with other payment systems. Including the digital rupee as an alternative will also be requiring the government for enabling the participation and collaboration of PSPs and banks will build new solutions and use cases around the digital rupee.
Observing the life cycle stage that is in the digital rupee as a currency and payment system that are introductory steps while UPI is in a growth phase. Retail CBDCs are likely driven by QRs as seen in several POCs in different countries which are located in China. It is likely to be riding on the UPI as rails are included to both the QRs at merchant locations and websites as well as the connection to the bank of accounts of users.
Conclusion
United Payments Interface (UPI) is hailed as one of the greatest innovations that are incoming to India. It is the ability to support both retail payments and remittances which eases the inclusion of usage and interoperability is providing a huge impetus for India's digital inclusion initiatives. Countries including Japan, South Korea, France, and most other countries are operating with India's UPI payment system. It is just a show of the growth and popularity of UPI not just in India, but, also around the world.

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Aveek Pal Chaudhuri, Online Content Writer, siliconindia

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Adoption Of Digital Rupee At The Cost Of UPI

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According to the Reserve Bank of India, from December 1st, the digital rupee on a pilot basis in four cities was started by the governing board. However, data is indicating that India has already witnessed the Unified Payments Interface (UPI) success. The country might not be already looking forward to opting for the digital Rupee.

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5 Key Trends in Direct Selling Industry 2023 in India

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5 Key Trends in Direct Selling Industry 2023 in India

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The year 2022 brought back some semblance of normality to businesses, economies, and markets as they slowly transitioned into the pre-pandemic status. Despite challenges, the economic recovery was steady, backed by increased investments in key sectors and a well-thought-out strategy roadmap to leapfrog the industry. This also translated into the growth of the direct selling industry, which displayed immense resilience during the pandemic and continued to soar even in the face of adversity. According to a FICCI-KPMG report, the industry is expected to touch Rs 645 billion by 2025, backed by the fact that over 16 percent of direct sales companies registered growth in the past five years; and this number is expected to rise in the future.

Direct selling has a promising future in India as the desire for financial independence continues to grow and consumer aspirations rise. As the industry is on a positive trajectory, here are some key trends that could redefine direct selling in India and chart out a growth path for the industry in 2023:

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5 Key Trends in Direct Selling Industry 2023 in India

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The year 2022 brought back some semblance of normality to businesses, economies, and markets as they slowly transitioned into the pre-pandemic status. Despite challenges, the economic recovery was steady, backed by increased investments in key sectors and a well-thought-out strategy roadmap to leapfrog the industry.

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Fastest growing smallcap companies of 2022 to add to your 2023 watchlist | Mint

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Fastest growing smallcap companies of 2022 to add to your 2023 watchlist | Mint

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Of all the variables that went into markets, business and GDP forecasts, it was Coronavirus that caused the biggest swing, one that was never factored in.

Several countries including, China, Japan, and the US have seen a spike in Covid cases of the new variant BF.7. No one knows whether the new variant will cause a new covid wave in India or it will be less severe this time.

So how do we factor it in now, knowing that a cure has not been developed yet, and that Indian stock markets have already caught the flu?

Before we get to that, let's look at how smallcaps performed after Covid initially struck the world.

The smallcap index gained 5,400 points (61.5%) in just 5 months (from April 2020 to August 2020). Even during the second wave, the BSE Smallcap index grew over 5,800 points (28%) in five months.

This shows that smallcaps have rebounded pretty quickly after uncertain situations like the current one.

Given that too many tailwinds are at play for smallcaps... China plus one, product linked incentive (PLI) scheme, and their aggressive capex for coming years, smallcaps are likely be on a growth trajectory as we move into a new year.

Today, we take a look at 2022's fastest growing smallcap companies. These companies will be exciting to track as we move on to a new year.

#1 Vinyl Chemicals (India)

First on our list is Vinyl Chemicals, a Parekh Group company.

It is the fastest-growing smallcap company in 2022, with a sales growth of 114% over the last year. Its profit also grew by 206% during the same time.

This was driven by higher demand for chemicals and a depreciating rupee.

Vinyl Chemicals is engaged in trading chemicals with a focus on trading Vinyl Acetate Monomer (VAM). The company supplies monomers to the paint, textile, and adhesive sectors. It also trades in various other speciality chemicals in India and abroad.

In the last three years, its revenue has grown at a compound annual growth rate (CAGR) of 32.1%, driven by high price realisations. The net profit also grew at a CAGR of 67% during the same time.

As a result, its return on equity (RoE) has improved from 12.2% to 36.3% in the financial year 2022.

What's more, the company has consistently paid dividends to its shareholders since 2011.

Vinyl Chemicals has also posted record numbers in the latest quarterly results. Its revenue grew 23.8% year-on-year (YoY) due to China plus one strategy playing out and a temporary shift in demand from Europe to India.

The net profit grew by 188.6% YoY on the back of higher revenues.

The market has reflected all this in its share price performance. Vinyl Chemical's share price rose more than 90% in the last one year.

Going forward, high demand from domestic and international clients and the government's support to improve the sector are expected to drive the revenue and profit of the company.

#2 Affle India

Second on our list is Affle India.

The tech company recorded a sales growth of 109.3% and a profit growth of 59.4% in the financial year 2022, driven by new consumer conversions.

Affle India is a global technology company with a consumer and enterprise platform that delivers acquisitions, engagements, and transactions for leading brands through mobile advertising.

It also enables offline businesses to go online through app development, online-to-offline (O2O) commerce, and data analytics.

Affle India strongly focuses on research and development (R&D) and has six patents related to digital advertising. It has also filed 14 patents for approval.

Its differentiated business model of cost per converted user (CPCU) has helped the company grow its revenue by 50.2% (CAGR) in the last three years. The net profit also grew by a CAGR of 48.7% during the same time.

To cater to the growing global megatrends, the company unveiled Affle 2.0 strategy in 2020 for sustainable growth.

In line with this strategy, the company has acquired several companies to build its capabilities and improve its competitive moat.

Despite these acquisitions, the company has maintained its debt to equity at 0.1x with an interest coverage ratio of 35.7x.

Its RoE and return on capital employed (RoCE) for the financial year 2022 stood at 18.3% and 20%, respectively.

Since its inception in 2019, Affle India share price has risen by over 490%.

Affle India Share Price - Performance Since Inception

Affle India share price is falling at present, in line with other technology giants.

Going forward, the fast-growing digital ad market, growing penetration of connected devices, rapid digitalization, and growth in online commerce will drive its revenue and profit growth.

#3 Apcotex Industries

Next on our list is Apcotex Industries, a leading producer of synthetic rubber.

The company's sales and net profit grew by 77% and 123.5% in the financial year 2022, driven by growth in volumes.

Apcotex Industries produces synthetic rubber and synthetic latex in India. It also has the broadest range of emulsion polymers available in the market. To add to this, it has a monopoly in manufacturing some products, such as nitrile latex.

The company's products find use in various industries, including paper, textiles, carpet, automobile, and footwear.

Apart from a strong domestic presence, the company exports its products to over 40 countries.

In the last three years, its revenue has grown at a CAGR of 24.3% on the back of volume growth, led by a change in product mix and customer mix. The net profit has also grown at a CAGR of 81.2% during the same time due to the de-bottlenecking exercise undertaken by the company.

As a result, the company's RoE and RoCE also improved from single-digit numbers in the financial year 2020 to 24.9% and 31.6%, respectively, in the financial year 2022.

Currently, the company has two manufacturing plants in India. It is planning to invest ₹2 billion (bn) towards capex to expand its capacity. This might slightly increase its debt-to-equity ratio, which is at 0.1x at present, as the company plans to fund its capex through debt.

However, the company's high-interest coverage ratio (41x) shows it generates enough cashflows making it easy for the company to pay back its loans.

For the September 2022 quarter, the revenue grew by 16.6% (YoY) and net profit grew by 38.1% (YoY). This is mainly because Apcotex Industries has clients from stable growth industries, which ensures steady growth in revenues.

In the last one year, the shares of Apcotex Industries have risen over 30%.

Apcotex Industries Share Price - 1 Year Performance

Going forward, capacity expansion, new product launches and changing customer mix are expected to drive its revenue.

#4 Goldiam International

Fourth on our list is Goldiam International, a jewellery manufacturer.

The company's sales grew by 69.4% during the financial year 2022, mainly due to high demand amid improving customer sentiments. The net profit also grew by 58%.

Goldiam International manufactures and exports gold and diamond jewellery to global retailers. Its products include engagement rings, wedding bands, bridal sets, and earrings made of natural and lab-grown diamonds.

Though it exports to several countries such as UK, Dubai, and Russia, it mainly focuses on the US market and earns close to 95% of its revenue from here.

In the last three years, its revenue grew at a CAGR of 22.6%, driven by volume growth. The net profit grew by 32.8% CAGR, mainly driven by the backward integration across the supply chain of lab-grown diamonds.

As a result, its RoCE also improved from 15.6% to 28.7% in the last three years.

Goldiam follows the omnichannel model, selling jewellery to customers through online and offline stores. It also launched a website in 2021 for its B2B (business to business) segment to cater to the needs of its clients efficiently.

In the last two years, it acquired two companies to expand its diamond business in India and abroad.

Despite these acquisitions, it retained its debt-free status and has a healthy interest coverage ratio of 181.2%.

Moreover, the company has been very generous in returning the money to shareholders in the form of dividends and buybacks in the last few years.

Share price of Goldiam has zoomed over 690% since April 2020.

The company currently has a healthy order book of ₹1,500 million (m), expected to be executed in the next four to six months giving short-term revenue visibility.

Going forward, high demand for lab-grown diamond jewellery and high margins from them will drive the revenue and profit growth.

#5 Fineotex Chemical

Last on our list is another chemicals company, Fineotex Chemicals.

The company's sales grew by 68.5% in 2022, driven by high volumes. The net profit also grew by 27.6%.

Fineotex Chemicals is engaged in the business of manufacturing chemicals for textiles. Over the years, it has diversified its manufacturing capabilities to other segments, including the leather, water treatment, fertilizer, construction, and paint industry.

Currently, it is focussing on diversifying into home care, hygiene, and drilling segments as well.

In the last three years, its revenue grew at a CAGR of 23.6%, driven by volumes led by capacity expansion. The net profit also grew by a CAGR of 58.5%.

Despite capacity expansions, the company improved its RoCE from 13.3% to 28.3% in the last three years.

It also remained debt-free with a healthy interest coverage ratio of 80x in the financial year 2022. And here's more...

The company is very consistent with its dividend payments.

It also delivered a stellar performance in the September 2022 quarter, with a revenue and profit growth of 71.1% (YoY) and 87.4% (YoY), respectively.

This consistent performance has not gone unnoticed by the market. Fineotex shares have gained over 90% in the last one year.

Moreover, with the speciality chemicals industry expected to double its global market share to 6% by 2026, Fineotex Chemicals stands to benefit from it.

Going forward, its established position in the textiles segment, diversification into other segments, and capacity expansion will drive the revenue growth.

Why you should invest in the fastest growing smallcap companies

Smallcap companies could be real wealth creators and have a higher growth potential when compared to large and midcap companies.

In the last three years, BSE Smallcap index gave close to 109.8% return to investors as against 45.9% return of BSE Sensex, and 68.1% returns given by BSE Midcap index.

Though smallcaps have given magnified returns, their ride isn't a smooth one.

When markets are on an uptrend, they tend to outperform the markets. But, when the tide turns, we've seen smallcaps struggle and erode investor's wealth.

Therefore, before investing in smallcaps, it is important to understand the risks that come with it.

Do your due deliginece before investing in smallcaps and choose companies that are fundamentally strong for your portfolio.

We have curated a list of parameters on how to screen smallcap stocks. Do check them out before you choose one for your portfolio.

Happy Investing!

Disclaimer:This article is for information purposes only. It is not a stock recommendation and should not be treated as such.

This article is syndicated from Equitymaster.com

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Fastest growing smallcap companies of 2022 to add to your 2023 watchlist

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Of all the variables that went into markets, business and GDP forecasts, it was Coronavirus that caused the biggest swing, one that was never factored in. Several countries including, China, Japan, and the US have seen a spike in Covid cases of the new variant BF.7.

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Microsoft boss Satya Nadella gives substantial approval to India's digital story, calls it 'golden age' of tech

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Microsoft boss Satya Nadella gives substantial approval to India's digital story, calls it 'golden age' of tech

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Microsoft boss Satya Nadella gives substantial approval to India’s digital story, calls it ‘golden age’ of tech

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Microsoft boss Satya Nadella gives substantial approval to India’s digital story, calls it ‘golden age’ of tech - Microsoft Chairman and CEO Satya Nadella dubbed cloud as a big game changer and said that there is...

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Slideplayer PPT | Siddharth Mehta of IL&FS

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Slideplayer PPT | Siddharth Mehta of IL&FS

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Check out about Siddharth Mehta former director at slideplayer.

#siddharthmehtailfs #siddharthmehtabaycapital #siddharthmehta #ilfs #siddharth #mehta

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Digital Businesses Growth in India- Siddharth Mehta Bay Capital - ppt download

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Going digital has long since stopped being a buzzword Going digital has long since stopped being a buzzword. According to Statista, about half of the world’s population regularly uses the internet. Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital lauds the Indian go…

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Siddharth Mehta of IL&FS Views on Digitalization Growth

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Siddharth Mehta of IL&FS Views on Digitalization Growth

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Siddharth Mehta former director of IL&FS believes that the internet economy could grow 10 times in the next coming 10 years.

#siddharthmehtailfs #siddharthmehta #ilfs #digitalization #growth #india

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The economy of internet is growing in India says Siddharth Mehta IL&FS | Spoke

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Digital transformation is generating a fierce debate among policy-makers, economists and industry leaders about its societal impact. As digitalization disrupts society ever more profoundly, concern is growing about how it is affecting issues such as jobs, wages, inequality, health, resource efficiency and security.

To help begin a new, evidence-based debate on the future impact of digital transformation, we have conducted a detailed quantitative analysis of the value at stake from the digitalization of 11 major industries. In each case, we have calculated projections of the potential value of digitalization to the industry itself and emerging sources of value for wider society, as measured by an intentionally narrow set of indicators. Over time, this approach may be broadened and refined.

So how can digital transformation make a positive contribution to society? We have focused on three key areas:
Employment and skills
Current estimates of global job losses due to digitalization range from 2 million to 2 billion by 2030. There is great uncertainty, with concerns also about its impact on wages and working conditions.
Environmental sustainability
The historic trend holds that for every 1% increase in global GDP, CO ₂e emissions have risen by approximately 0.5% and resource intensity by 0.4%. ¹ Current business practices will contribute to a global gap of 8 billion tonnes between the supply and demand of natural resources by 2030, translating to $4.5 trillion of lost economic growth by 2030. ²
Trust
Social media, radio frequency identification (RFID) tags and user-generated websites such as TripAdvisor have been instrumental in increasing transparency and overcoming information asymmetries. However, according to the Edelman Trust Barometer, trust in all technology-based sectors declined in 2015, with concerns over data privacy and security a key factor. Broader ethical questions about the way organizations use digital technology also threaten to erode trust in those institutions.

While these are hugely complex challenges, our analysis suggests that digital transformation has the potential to make a positive contribution:

Creating a workforce for the machine age
Digitalization could create up to 6 million jobs worldwide between 2016 and 2025 in the logistics and electricity industries. Elsewhere, automation will displace many human beings. With both winners and losers resulting from digital transformation, a huge premium rests on the near-term ability of businesses to upskill employees and shape the next generation of talent for the machine age.

Transitioning to a sustainable world
Digital initiatives in the industries we have examined could deliver an estimated 26 billion tonnes of net avoided CO2 emissions from 2016 to 2025. This is almost equivalent to the CO2 emitted by all of Europe across that time period. Ensuring this potential value can be realized and scaled means overcoming hurdles relating to the acceptance of new, circular business models, customer adoption and the environmental impact of digital technology itself.

Building trust in the digital economy
Usage-based insurance (UBI), coupled with assisted driving technologies, could reduce by 2025 the projected annual death toll from road accidents of more than 2 million by 10%. However, it has raised concerns about data privacy, security and the ethical uses of data. Establishing new norms of ethical behaviour with digital technology and reaching higher levels of customer trust will be critical in a successful digital transformation.

Focus on creating a workforce for the machine age

The digital revolution has created new roles (such as search engine optimization managers and social media account managers), new types of organizations (cloud computing providers and social media agencies), and even new sectors of the economy (digital security and data science). The impact of digitalization has also acted as a catalyst for employment growth in the wider economy. In India, for example, it is estimated that three to four jobs are created for every job within the business process outsourcing and IT-enabled services sectors. ³

Today, however, the question of whether technology creates or destroys jobs is gaining momentum.

The truth is that we actually know quite little of what is going to happen. What will the economic impact of innovations be in the future? How will humans interact with machines and algorithms? What kind of skills do we need and how should we learn? How will all of this impact labour markets?
The future of work
We can at least be sure that there will be three types of jobs, categorized by the percentage of codifiable tasks within the role:

Those that will disappear (lost the race against the machine). For example, clerks and administrative staff, or truck drivers.

Those that are in collaboration with machines / algorithms (run with the machine). For example, those professions that rely on cognitive and social capabilities, such as doctors / surgeons.

Those jobs that are completely new or remain largely untouched (running faster than the machine or running a different race). For example, roles in the creative arts are unlikely to be automated, as are new roles that involve managing data and machines.

Within that context, our analysis suggests that digital transformation has the potential to create a significant number of jobs. For example, we found that digitalization could create nearly 6 million jobs in just the electricity and logistics industries by 2025.

But clearly there will be both winners and losers - as the graphic below shows, while the net impact on jobs in the logistics industry could be positive, many sectors will experience job losses.
Projected net job creation from digital initiatives in logistics (2016-2025)
Source: World Economic Forum / Accenture analysis
Challenges
Digital technologies fundamentally transform organizations, with the pace of technological change exacerbating the challenge. Organizations must have a coherent strategy that includes a plan to reskill workers. Whereas previous technological revolutions (most notably the industrial revolution) played out over a relatively long period of time, the speed of digital transformation is such that businesses need to move quickly.

For governments, the challenge is equally pressing. The potential inequality and wage deflation or even social unrest requires urgent action to prepare the workforce for a digital future.

Case study: SkillsFuture in Singapore

Since November 2015, Singaporeans have had access to the SkillsFuture Credit course directory to explore the range of skills-based courses, which will be eligible for SkillsFuture Credit. ⁴ The directory, part of the SkillsFuture Credit portal built by Accenture and launched on 1 January 2016, was released early to generate interest and enable eligible Singaporeans 25 years old and above to plan their learning schedule. The courses on offer are funded and/or delivered by a range of key stakeholders including the Singapore Workforce Development Agency, institutions financed by the Ministry of Education, the Infocomm Development Authority's Silver Infocomm Junctions and other public agencies and prominent online course providers such as Coursera.

Combining value to industry with value to society

The impact of digitalization on employment is likely to be significant, but the implications of digital transformation extend far beyond the labour market.

To assess the 'combined value' of digital transformation to business and wider society, we looked at the potential impacts of digitalization in ten industries on both business and society (see graphic below). Using our value-at-stake analysis, we analysed the impact over the next decade of different digital initiatives across these industries. Scaled up beyond the industries analysed, this could mean a potential value opportunity of as much $100 trillion by 2025 on a cumulative basis. As we move forward, these projections will be tested and refined further in the interest of stimulating an evidence-based conversation about the impact of digital transformation on society; we welcome any contributions to that endeavour
The 'combined value' to industry and wider society of digital initiatives across ten industries (cumulative, 2016-2025).
Source: World Economic Forum / Accenture analysis

Key questions for businesses and policy-makers

Of course, the potential value of digital initiatives to society and industry will not automatically be realized. A number of questions need to be addressed by both business leaders and policy-makers if they are to maximize the combined value of digital initiatives for both industry and society.
For businesses

Are you aware of the value multiplier for society from your digital initiatives? Are you able to measure and track the socio-economic impact of your future digital initiatives?

How can you incubate digital initiatives that could in future deliver a high value to society and your business? Is your corporate affairs / social responsibility function suitably aligned with your corporate strategy team?

For policy-makers and regulators

To what extent do you understand how industry-led digital initiatives could help you achieve specific policy objectives and targets? What policy tools could you use to incentivize industry towards digital initiatives that deliver value to society?

Are you taking sufficient steps to digitize your own organizations? Do you have the right digital skills and talent in place? How can you learn and exchange lessons from the experience of private sector organizations?

Related reading

Footnotes:
1 GeSI, #SMARTer2030: ICT Solutions for 21st Century Challenges, 2015.
2 Accenture, Waste to Wealth, Palgrave Macmillan, 2015.
3 Tholons, IT-BPO Industry's Direct and Indirect Economic Impact: The Outsourcing Multiplier applied to the Philippines and Indian Economies, 2011
4 SkillsFuture SG

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Understanding the impact of digitalization on society

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Digital transformation is generating a fierce debate among policy-makers, economists and industry leaders about its societal impact. As digitalization disrupts society ever more profoundly, concern is growing about how it is affecting issues such as jobs, wages, inequality, health, resource efficiency and security.

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The Future of Tech in India: Leveraging Digitalization for Inclusive Growth

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Financial Express News | Siddharth Mehta Bay Capital Joined Serling

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Financial Express News | Siddharth Mehta Bay Capital Joined Serling

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#siddharthmehtabaycapital #siddharthmehta #baycapital #siddharth #mehta sterlingholidayresort #siddharthmehtailfs

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Sterling Holiday Resorts (India), the Chennai-based leisure hospitality and vacation ownership major, has effected major changes in its board of directors with new fund houses acquiring substantial stake in the company.

The leisure major has appointed three new members Siddharth Mehta, founder of Bay Capital, Shahzaad Dalal, vice-chairman and managing director of IL&FS Investment Managers and Walid Kattan, chairman and founder of Saminvest on its board of directors.

On being appointment as the non-executive vice-chairman, Siddharth will be advising the company on strategic matters. Shahzaad Dalal and Walid Kattan have been invited on Sterling's board as the management believes that the company will benefit from their experience and expertise, the company said.

The board has also accepted resignations of ES Ganapathy, S Sethuraman and G Sundaram as directors.

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Sterling Holiday rejigs board, appoints 3 new members

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Sterling Holiday Resorts (India), the Chennai-based leisure hospitality and vacation ownership major, has effected major changes in its board of directors with new fund houses acquiring substantial stake in the company. The leisure major has appointed three new members Siddharth Mehta, founder of Bay Capital, Shahzaad Dalal, vice-chairman and managing director of IL&FS Investment Managers and Walid Kattan, chairman and founder of Saminvest on its board of directors.

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Siddharth Mehta Former Director of IL&FS News and Updates

#siddharthmehtailfs #siddharthmehta #ilfs

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news siddharth mehta siddharth mehta latest news siddharth mehta breaking news photos siddharth mehta news videos search siddharth mehta news siddharth mehta videos

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siddharth mehta News and Updates from The Economic Times - Page 4

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siddharth mehta News and Updates from The Economictimes.com

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Siddharth Mehta interview with ETMarkets

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Siddharth Mehta interview with ETMarkets

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In an interview with ETMarkets, Siddharth Mehta, IL&FS Former Director said: “To reiterate, long-term investors should be using this weakness to buy into high-quality businesses and stay invested for the next 5 years."

#siddharthmehtailfs #siddharthmehta #ilfs #economictimes #etmarket #investment

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ETMarkets.com

"It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year," says Siddharth Mehta, Founder & CIO at Bay Capital.

In an interview with ETMarkets, Mehta said: "To reiterate, long-term investors should be using this weakness to buy into high-quality businesses and stay invested for the next 5 years," Edited excerpts:

What is your take on markets - time to be cautious or greedy?
Global financial markets have been volatile and have trended significantly lower since the start of the year primarily driven by the actions and comments from the Fed about the extraction of liquidity from the financial system and steeper hiking of interest rates than previously anticipated.

It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year.

While we are not macro forecasters, our sense is that the US Fed is likely to alter its commentary sometime in the fourth quarter of this year and that is the cue that equity markets in India will take as well.

While the next 3 months may see some further downside, for long-term oriented investors the present downdraft presents a very good buying opportunity to buy into strong durable franchises which will come through this period and get bigger and more dominant.

We will be completing the 6-months of 2022 and it has been a volatile journey for investors. What is your outlook for markets for the rest of the year? Will the markets fall over the short term to rebound? What are your views?
The very near-term is likely to be volatile and markets will be guided by the bigger global macro events. While there may be some downside, we do think that the latter half of the year will be better for equity market returns.

That said, investors should be taking a 5-year view and in that context, the present scenario provides a very good buying opportunity, though investors need to be selective and thoughtful in what they are buying.

Sectorally, Realty and IT sectors fell by more than 20% so far in 2022 - what is weighing on these sectors, and will the weakness continue?
The IT names have been stellar out-performers since the outbreak of the pandemic, and we have seen the entire sector getting massively rerated.

As the probability of a recession in the US is starting to increase, concerns of a slowdown in certain discretionary IT spending coupled with very high valuations are reflected in the price action.

Rising interest rates in India and macro concerns are weighing on other sectors such as real estate.

Power sector outperforms so far in 2022 do you have a view on the sector and why is it doing well?
As investors, we typically choose to avoid infrastructure names. Utilities have indeed done well this year, and this is a reflection of a larger swing away from growth to cyclical /value-oriented investments.

War, inflations, Yields, rate hikes, and crude oil still remain relevant evil for equity markets for the rest of 2022 - how should one be looking at the markets?
In any given 5-year period, there have always been dislocations, uncertainties, and other factors that seem to take centre stage and drive investor focus.

In fact, if one looks at India, from 2016 onwards, every year has seen some dislocation or other - demonetization, GST implementation, the ILFS episode in 2018, the great Indian slowdown in 2019, and then the Covid pandemic between 2020 and 2021, with 2022 being dominated by the events highlighted.

Our view is that from a 5-7-year perspective, many of these variables will play out and get reflected appropriately in stock prices.

High-quality businesses with dominant competitive advantages have the appropriate levers to pull in difficult periods and we believe that they in fact will come through this period and go on to become larger and more dominant.

Do you feel that FIIs outflows could stabilize or reverse in H22022?
Foreign investor flows are driven by a range of factors including sentiment, global macro conditions, global asset allocation, and the like.

India has seen relentless selling but unlike past episodes, strong domestic investor flows have acted as insulators.

As global macro conditions normalise, global investors will recognize the long-term structural opportunity in India, and flows will reverse, although trying to predict the timing of this is futile.

To reiterate, long-term investors should be using this weakness to buy into high-quality businesses and stay invested for the next 5 years.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Read the now!

Indulge in digital reading experience of ET newspaper exactly as it is.

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ETMarkets Smart Talk: US Fed likely to raise rates by 150-200 bps in 2022; use dip to buy for 5 years: Siddharth Mehta

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"Our view is that from a 5-7-year perspective, many of these variables will play out and get reflected appropriately in stock prices. High-quality businesses with dominant competitive advantages have the appropriate levers to pull in difficult periods and we believe that they in fact will come through this period and go on to become larger and more dominant."

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Growth of Indian Economy: Siddharth Mehta

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Growth of Indian Economy: Siddharth Mehta

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Former Director of IL&FS, Siddharth Mehta says Indian economy is growing because of the growth of digital spaces in India.

#siddharthmehtailfs #siddharthmehtabaycapital #siddharthmehta #ilfs #baycapital

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IL&FS Former Director Siddharth Mehta Ready to Invest in Digitally Accelerated Indian Economy.mp4

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The Indian economy is now adapting to digital space more than before and according to Mr. Siddharth Mehta, the Indian economy could grow multiple times in the near future.

To know more visit the link https://www.moneycontrol.com/india/newsarticle/news_print.php?autono=2449321&sr_no=0&classic=true

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Siddharth Mehta is a former director of IL&FS Company and he believes that the growth of the digital economy could grow multiple times in a few years.

#siddharthmehtailfs #siddharthmehta #ilfs #siddharth #mehta #digitalization

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Siddharth Mehta IL&FS by Tilak Verma - Dailymotion

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Siddharth Mehta is a former director of IL&FS

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IL&FS Projects | Photos, videos, logos, illustrations and branding on Behance

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Behance is the world’s largest creative network for showcasing and discovering creative work

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IL&FS Directors and Managers Information - Business Standard

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IL&FS Directors and Managers Information - Business Standard

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Siddharth Mehta and IL&FS Companies News: Get the latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, and company announcements at Business Standard.

#siddharthmehtailfs #siddharthmehta #ilfs

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You are here " Home " Companies " IL&FS Investment Managers Ltd - Announcements

IL&FS Investment Managers Ltd has informed BSE that the changes in the composition of the Board of Directors of the Company as approved at the Board meeting held on May 05 2015 are as follows:

1. Mr. Siddharth Mehta Non-Executive Independent Director of the Company had vacated his office as a Director of the Company pursuant to the provisions of Section 167 of the Companies Act 2013.

2. Mr. Ramesh C Bawa CEO (Financial Services) of IL&FS Group will take additional charge as the Managing Director of the Company whilst Mr. Shahzaad Dalal will cease to be the Vice-Chairman of the Company. He will however continue as a Non-Executive Director.

3. Dr. Archana Hingorani will continue in her present capacity as ED and CEO of the Company.

4. Mr. Milind Patel has been appointed as an Executive Director.

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IL&FS Investment Managers Ltd | Stocks, Live Market - Business Standard

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You are here " Home " Companies " IL&FS Investment Managers Ltd - Announcements IL&FS Investment Managers Ltd has informed BSE that the changes in the composition of the Board of Directors of the Company as approved at the Board meeting held on May 05 2015 are as follows: 1.

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Sidharth Mehta IL&FS on rising interest rates

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Sidharth Mehta IL&FS on rising interest rates

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Rising interest rates in India and macro concerns are weighing on other sectors such as real estate says Siddharth Mehta, Former Director of IL&FS.

#siddharthmehtailfs #siddharthmehta #ilfs #etmarket #smarttalk #siddharth #mehta

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ETMarkets.com

"It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year," says Siddharth Mehta, Founder & CIO at Bay Capital.

In an interview with ETMarkets, Mehta said: "To reiterate, long-term investors should be using this weakness to buy into high-quality businesses and stay invested for the next 5 years," Edited excerpts:

What is your take on markets - time to be cautious or greedy?
Global financial markets have been volatile and have trended significantly lower since the start of the year primarily driven by the actions and comments from the Fed about the extraction of liquidity from the financial system and steeper hiking of interest rates than previously anticipated.

It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year.

While we are not macro forecasters, our sense is that the US Fed is likely to alter its commentary sometime in the fourth quarter of this year and that is the cue that equity markets in India will take as well.

While the next 3 months may see some further downside, for long-term oriented investors the present downdraft presents a very good buying opportunity to buy into strong durable franchises which will come through this period and get bigger and more dominant.

We will be completing the 6-months of 2022 and it has been a volatile journey for investors. What is your outlook for markets for the rest of the year? Will the markets fall over the short term to rebound? What are your views?
The very near-term is likely to be volatile and markets will be guided by the bigger global macro events. While there may be some downside, we do think that the latter half of the year will be better for equity market returns.

That said, investors should be taking a 5-year view and in that context, the present scenario provides a very good buying opportunity, though investors need to be selective and thoughtful in what they are buying.

Sectorally, Realty and IT sectors fell by more than 20% so far in 2022 - what is weighing on these sectors, and will the weakness continue?
The IT names have been stellar out-performers since the outbreak of the pandemic, and we have seen the entire sector getting massively rerated.

As the probability of a recession in the US is starting to increase, concerns of a slowdown in certain discretionary IT spending coupled with very high valuations are reflected in the price action.

Rising interest rates in India and macro concerns are weighing on other sectors such as real estate.

Power sector outperforms so far in 2022 do you have a view on the sector and why is it doing well?
As investors, we typically choose to avoid infrastructure names. Utilities have indeed done well this year, and this is a reflection of a larger swing away from growth to cyclical /value-oriented investments.

War, inflations, Yields, rate hikes, and crude oil still remain relevant evil for equity markets for the rest of 2022 - how should one be looking at the markets?
In any given 5-year period, there have always been dislocations, uncertainties, and other factors that seem to take centre stage and drive investor focus.

In fact, if one looks at India, from 2016 onwards, every year has seen some dislocation or other - demonetization, GST implementation, the ILFS episode in 2018, the great Indian slowdown in 2019, and then the Covid pandemic between 2020 and 2021, with 2022 being dominated by the events highlighted.

Our view is that from a 5-7-year perspective, many of these variables will play out and get reflected appropriately in stock prices.

High-quality businesses with dominant competitive advantages have the appropriate levers to pull in difficult periods and we believe that they in fact will come through this period and go on to become larger and more dominant.

Do you feel that FIIs outflows could stabilize or reverse in H22022?
Foreign investor flows are driven by a range of factors including sentiment, global macro conditions, global asset allocation, and the like.

India has seen relentless selling but unlike past episodes, strong domestic investor flows have acted as insulators.

As global macro conditions normalise, global investors will recognize the long-term structural opportunity in India, and flows will reverse, although trying to predict the timing of this is futile.

To reiterate, long-term investors should be using this weakness to buy into high-quality businesses and stay invested for the next 5 years.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Read the now!

Indulge in digital reading experience of ET newspaper exactly as it is.

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ETMarkets Smart Talk: US Fed likely to raise rates by 150-200 bps in 2022; use dip to buy for 5 years: Siddharth Mehta

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"Our view is that from a 5-7-year perspective, many of these variables will play out and get reflected appropriately in stock prices. High-quality businesses with dominant competitive advantages have the appropriate levers to pull in difficult periods and we believe that they in fact will come through this period and go on to become larger and more dominant."

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Internet Users in India: Siddharth Mehta IL&FS

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Internet Users in India: Siddharth Mehta IL&FS

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Siddharth Mehta, former director of IL&FS says there are 758 million internet users in India and it will grow more and more in a decade.

#siddharthmehtailfs #siddharthmehta #ilfs #digitalization #digitalindia

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Siddharth Mehta IL&FS by Tilak Verma - Dailymotion

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Siddharth Mehta is a former director of IL&FS

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Samco innovative techniques: Siddharth Mehta IL&FS

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Samco innovative techniques: Siddharth Mehta IL&FS

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#siddharthmehtailfs #siddharthmehta #ilfs #samcoventures

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Samco Ventures raises Rs 49 crore in Series-B - The Economic Times

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The Series-B round of equity financing is an internal round that was led by the company existing investor, mid-market private equity firm Bay Capital Investments.

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Samco Ventures adopt unique approach to serve customers says Siddharth Mehta IL&FS

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Samco Ventures adopt unique approach to serve customers says Siddharth Mehta IL&FS

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The growth of Samco Ventures is impressive says Mehta and he believes in the unique approaches of Samco.

#siddharthmehtailfs #siddharthmehta #ilfs

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ThinkStock Photos
The brokerage, which competes with the likes of Bengaluru-based Zerodha, will use the proceeds towards building a mutual fund distribution platform.

NEW DELHI: Samco Ventures, which owns and operates online discount broker Samco Securities and mobile trading platform StockNote, has raised $7.5 million (Rs 49 crore) in a fresh round of funding.

The Series-B round of equity financing is an internal round that was led by the company existing investor, mid-market private equity firm Bay Capital Investments, with the promoters of the Mumbai-headquartered company also participating. The brokerage, which competes with the likes of Bengaluru-based Zerodha, will use the proceeds towards building a mutual fund distribution platform, lending capabilities, as well as its research and advisory businesses.

"Samco has had an impressive growth trajectory since its inception in 2015. We are also very impressed with the Samco team and the innovation that they have brought to the plate in an otherwise cluttered market," Siddharth Mehta, founder of Bay Capital, said. "They understand the complex requirements of the market and have been successful in delivering unique solutions."

The latest round of funding, which also saw participation from company's other existing backers, including the Modi family and other high-net-worth individuals, including Indian cricketing legend Kapil Dev, comes about two years after it raised its previous round of $3 million in fiscal 2016.

"(We) look forward towards addressing the problems that the trading and investing industry is plagued with, and ensure low-cost access to capital markets is available for every Indian," Jimeet Modi, chief executive of SAMCO Securities and StockNote, said.

The company, which claims to service over 75,000 customers, also recently launched StockNote, a content streaming and trading platform that aggregates and delivers news and information about stocks and sectors across India.

Founded by Siddharth Mehta and Puneet Saraogi, Bay Capital operates, both, a private equity, as well a long-only public markets investment practice.

The investment firm's portfolio includes Sterling Holiday Resorts, Vini Cosmetics, IL&FS Energy, Intellivate Capital Ventures and the South and West India franchisee for McDonald's Westlife Leisure Resorts, according to VCCEdge.

More recently, the investment firm also reported to be picking up a controlling stake in the Malvinder and Shivinder Singh-promoted Religare Enterprises, in which it held a 10% stake. Post the ouster of the Singh brothers, in February earlier this year, Mehta was named as a non-executive, non-independent director of the beleaguered financial services company.

Read the now!

Indulge in digital reading experience of ET newspaper exactly as it is.

Register for ETRise Top MSMEs Ranking Digital Felicitation Ceremony. Visit www.etrise.com/topmsmes

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Samco Ventures raises Rs 49 crore in Series-B

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NEW DELHI: Samco Ventures, which owns and operates online discount broker Samco Securities and mobile trading platform StockNote, has raised $7.5 million (Rs 49 crore) in a fresh round of funding. The Series-B round of equity financing is an internal round that was led by the company existing investor, mid-market private equity firm Bay Capital Investments, with the promoters of the Mumbai-headquartered company also participating.

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Low-cost smartphones will leads to the growth of digitaliztion

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Low-cost smartphones will leads to the growth of digitaliztion

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Siddharth Mehta of IL&FS says India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems.

#siddharthmehtailfs #siddhartmehta #ilfs #digitalization

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@ETIndustryNews
EY partner firm SRBC's audit of IL&FS compromised: NFRA #ETIndustryNews
In the audit quality review report for FY18, #NFRA observes the initial appointment of SRBC & Co LLP and the continuation of #SRBC & Co LLP as statutory auditor of IL&FS Ltd was violative of the norms of independence @ankurmishrasays @ILFSGroup @FinMinIndia #Audit

@TOIBusiness
Regulator red flags IL&FS audit lapses
@CNBCTV18Live

Thread | IL&FS Audit Quality Review This is because its network (Ernst & Young Global Limited/EY) provided prohibited services to the IL&FS group and also had a business relationship with the auditee (IL&FS) group.

@CNBCTV18Live

Thread | IL&FS Audit Quality Review NFRA observes that the initial appointment of SRBC & Co LLP and the continuation of SRBC & Co LLP as statutory auditor of IL&FS Limited was violative of the norms of independence.

@CNBCTV18Live

Thread | IL&FS Audit Quality Review These lapses prevented the investors, creditors and stakeholders from knowing on time the true and fair picture of the state of affairs of IL&FS.

@CNBCTV18Live

Thread | IL&FS Audit Quality Review The Audit Quality is thus seriously compromised due to the large-scale non- compliance with professional standards and regulatory and legal requirements, and the inappropriate reporting made by the Audit Firm.

@CNBCTV18Live

Thread | IL&FS Audit Quality Review In NFRA's view, the Audit Firm did not have adequate justification for issuing the Audit Report asserting that the audit was conducted in accordance with the SAs and the financial statements give a true and fair view.

@CNBCTV18Live

Thread | IL&FS Audit Quality Review AQRR identifies many instances where the #Audit Firm failed to challenge the management assumptions and claims in key areas of financial reporting.

@CNBCTV18Live

IL&FS Audit Quality Review identifies impairment of investments, evergreening of loans, approval of related party transactions, recording of rev, violation of capital & leverage ratios, other instances where #AuditFirm failed to exercise professional skepticism

@suchetadalal

@suchetadalal

@businessline
Wipro, Vedanta, BLS International, RVNL, Berger Paints, Tata Power, Suraj Industries, IL&FS Transportation, Aditya Birla Fashion are among the stocks to see action on June 9
@aswathiguna

IL&FS Transportation Network: The infrastructure firm said its subsidiary KSEL has entered into a settlement agreement with NHAI for terminating the Khed-Sinnar Expressway project -- part of the Delhi-Mumbai industrial corridor-- at a compensation of Rs 891.59 crore.

@alkeshthakkar

#IVC IL&FS INVESTMENT MANAGERS RESULT

@TOIBusiness
₹16k crore interim distribution nod for IL&FS
@TOIBusiness
Rs 16k cr interim distribution nod for IL&FS
@EconomicTimes
The NCLAT has directed the new board of the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its creditors on pro-rata basis The NCLAT has directed the new board of the IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its creditors on pro-rata basis.

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stock market live news on il&fs transportation networks ltd

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#Economy | Businesses will need to think 'digital' if t..

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@ETIndustryNews EY partner firm SRBC's audit of IL&FS compromised: NFRA #ETIndustryNews In the audit quality review report for FY18, #NFRA observes the initial appointment of SRBC & Co LLP and the continuation of #SRBC & Co LLP as statutory auditor of IL&FS Ltd was violative of the norms of independence @ankurmishrasays @ILFSGroup @FinMinIndia #Audit @TOIBusiness Regulator red flags IL&FS audit lapses @CNBCTV18Live Thread | IL&FS Audit Quality Review This is because its network (Ernst & Young Global Limited/EY) provided prohibited services to the IL&FS group and also had a business relationship with the auditee (IL&FS) group.

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IL&FS Siddharth Mehta says Samco has had an impressive growth

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IL&FS Siddharth Mehta says Samco has had an impressive growth

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“Samco has had an impressive growth trajectory since its inception in 2015. We are also very impressed with the Samco team and the innovation that they have brought to the plate in an otherwise cluttered market,” Siddharth Mehta, founder of Bay Capital, said.

#siddharthmehtailfs #siddharthmehta #ilfs #economictimes

# data[].attributes.attachment_link.readable_text
ThinkStock Photos
The brokerage, which competes with the likes of Bengaluru-based Zerodha, will use the proceeds towards building a mutual fund distribution platform.

NEW DELHI: Samco Ventures, which owns and operates online discount broker Samco Securities and mobile trading platform StockNote, has raised $7.5 million (Rs 49 crore) in a fresh round of funding.

The Series-B round of equity financing is an internal round that was led by the company existing investor, mid-market private equity firm Bay Capital Investments, with the promoters of the Mumbai-headquartered company also participating. The brokerage, which competes with the likes of Bengaluru-based Zerodha, will use the proceeds towards building a mutual fund distribution platform, lending capabilities, as well as its research and advisory businesses.

"Samco has had an impressive growth trajectory since its inception in 2015. We are also very impressed with the Samco team and the innovation that they have brought to the plate in an otherwise cluttered market," Siddharth Mehta, founder of Bay Capital, said. "They understand the complex requirements of the market and have been successful in delivering unique solutions."

The latest round of funding, which also saw participation from company's other existing backers, including the Modi family and other high-net-worth individuals, including Indian cricketing legend Kapil Dev, comes about two years after it raised its previous round of $3 million in fiscal 2016.

"(We) look forward towards addressing the problems that the trading and investing industry is plagued with, and ensure low-cost access to capital markets is available for every Indian," Jimeet Modi, chief executive of SAMCO Securities and StockNote, said.

The company, which claims to service over 75,000 customers, also recently launched StockNote, a content streaming and trading platform that aggregates and delivers news and information about stocks and sectors across India.

Founded by Siddharth Mehta and Puneet Saraogi, Bay Capital operates, both, a private equity, as well a long-only public markets investment practice.

The investment firm's portfolio includes Sterling Holiday Resorts, Vini Cosmetics, IL&FS Energy, Intellivate Capital Ventures and the South and West India franchisee for McDonald's Westlife Leisure Resorts, according to VCCEdge.

More recently, the investment firm also reported to be picking up a controlling stake in the Malvinder and Shivinder Singh-promoted Religare Enterprises, in which it held a 10% stake. Post the ouster of the Singh brothers, in February earlier this year, Mehta was named as a non-executive, non-independent director of the beleaguered financial services company.

Read the now!

Indulge in digital reading experience of ET newspaper exactly as it is.

Register for ETRise Top MSMEs Ranking Digital Felicitation Ceremony. Visit www.etrise.com/topmsmes

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Samco Ventures raises Rs 49 crore in Series-B

# data[].attributes.attachment_link.description
NEW DELHI: Samco Ventures, which owns and operates online discount broker Samco Securities and mobile trading platform StockNote, has raised $7.5 million (Rs 49 crore) in a fresh round of funding. The Series-B round of equity financing is an internal round that was led by the company existing investor, mid-market private equity firm Bay Capital Investments, with the promoters of the Mumbai-headquartered company also participating.

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Believes of Siddharth Mehta IL&FS Former Director

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Believes of Siddharth Mehta IL&FS Former Director

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Siddharth Mehta, Former Director  IL&FS believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."

#siddharthmehtailfs #siddharthmehta #ilfs

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Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL & FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."

Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems. Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online.

Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!

In such a scenario, it can be said that India is now on the path to becoming the largest digitize business hub in less than twenty years. COVID-19 also plays an essential role to help India in rolling out the digitalization aspects. It has acted as an accelerator for the adoption of the digital economy. In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate.

Pandemic has accelerated growth in the digital space!

Siddharth Mehta founder and CIO of Bay Capital said that "The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than USD 800 billion), resulting in many large businesses accreting significant shareholder wealth. The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."

Today, the digital ecosystem has evolved, and many segments have consolidated with clear leaders emerging. Across the globe, the nature of digital economy dictates that the consumer would tend to gravitate towards fewer platforms. Within this, leadership businesses will end up having far larger share of traffic, revenue as well as profit pool! Many large digital, consumer tech companies are already profitable on EBITDA level and PAT profits look imminent. Quite a few of these franchises plan to list in the next 12-24 months and will be very well sought after by public market investors due to the growth and profitability profile.

In the last 20 years, technology has leapfrogged significantly and digital has become a part of our daily lives. With each passing moment, consumer awareness and dependence on internet is only increasing and this has led to rapid decline in customer acquisition costs and increased the overall Life Time Value of the customer for digital businesses. The impact of this has not been lost on the overall investment community as well. Focusing on investment opportunities in India's internet/digital ecosystem as a result of digital transformation, Siddharth Mehta of Bay Capital has stated that "Yes, indeed, there are many outstanding businesses that have created tremendous scale and are seeing their paths to profitability getting accelerated. We are particularly interested in those businesses that are solving uniquely Indian problems in uniquely Indian ways and those that are targeting the next billion internet users in India."

The initiative towards Digital activities of several investors such as Siddharth Mehta IL & FS Former Director will change the overall scenario of digital transformation in business very dramatically in 3-5 years.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

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The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL & FS

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Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL & FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."

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Mr. Siddharth Maehta was appointed as IL&FS Director

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Mr. Siddharth Maehta was appointed as IL&FS Director

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#siddharthmehtailfs

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IL&FS Investment Managers Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on August 11, 2015, Mr. Siddharth Mehta has been appointed as Non-Executive Independent Director of the Company with effect from August 12, 2015.Source : BSE

Read all announcements in ILandFS

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IL&FS Investment Managers Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on August 11, 2015, Mr. Siddharth Mehta has been appointed as Non-Executive Independent Director of the Company with effect from August 12, 2015.Source : BSE Read all announcements in ILandFS

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Siddharth Mehta Former Director of IL&FS believes in the investment growth of Indian Economy

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Siddharth Mehta Former Director of IL&FS believes in the investment growth of Indian Economy

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#siddharthmehtail&fs

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Price when posted : NSE: Rs. 469.65

Siddharth Mehta, IL&FS Former Director and Founder at Bay Capital, told BusinessLine: During Covid the intent was to create a safety net by providing money to the consumers to help the economy bounce back quickly. But in an unintended consequence, a lot of this excessive liquidity went into financial assets and speculative activities. For instance, in the US and India, we have seen investments into high growth stocks, crypto trading and NFTs getting popular. Over the last 12-14 months, India also benefitted from this. We had the highest number of unicorns, businesses got funded. Everyone was getting funding quickly.
Repost this message

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Investing is not an easy mind game ....it requires patience to feel the power of stock market..bnfs...

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Price when posted : NSE: Rs. 469.65 Siddharth Mehta, IL&FS Former Director and Founder at Bay Capital, told BusinessLine: During Covid the intent was to create a safety net by providing money to the consumers to help the economy bounce back quickly.