Right Stuff


Monday, October 16, 2017

India Entrepreneur Club - Mumbai Entrepreneurs Meet @ BSE Conventional Hall on 14th October 2017

14th October 2017
Mumbai Entrepreneurs meet organized by India Entrepreneurs Club (IEC) in which more than 100+ companies had participated into the session. The speakers provided wide range of knowledge which was focused on growing business for start-ups to lead the company along with individual to grow their businesses. 
Here are few of the things shared by speaker’s:
Mr. Sanjay Mehta – Angel PE Investor: Doing things Well 
• What do you intend to offer? Whom do you Intend to offer? What that they would be able to recognize? 
Answer for that is very simple - You have to offer your best services to the customers/clients which will help the them to recognize the company’s true potential.
• Be fast & reliable along with being steady.
• Analyze SWOT – Strength, Weakness, Opportunities and Threats to improve yourself as an individual and to improve your organizations culture. 
Aakrit Vaish – Co founder Haptik Inc: Sales Mistakes 
• Build personal relationship with the customer – think for the long run.
• Be honest & ethical – be true to self before the customer.
• Be Patience - Everything comes to him who waits…
Nayan Bheda - Founder at Edvantez: Ideas to Execution (5 Steps)
• Step 1 – IDEA: Think of a business idea which can be sustainable for minimum 5 years. Find the need and fulfill it, know about the problem which will appear and find the solution.
• Step 2 – Business Model: Innovate your business model as per people’s view.
• Step 3 – Screw your Idea: Validate your idea (Research & Plan). Listen openly to people’s criticism which will help in getting new views about your idea.
• Step 4 – Develop MVP (Minimum viable product): Keep limited features to satisfy early customers, so they provide feedback for future product development.
• Step 5 – Test market: Establish Point of Contact. 
After analyzing go back to your idea and develop it according to the gained perspective by all steps.
Note: Provide Value Preposition – The reason which you provide to customer to buy from your organization. Either customer can earn money from you or they can save money & time.
Subhobroto Chakroborty - Founder at Digital Fellow: How to get more leads
• Do more content 
• Understand inbound marketing & buyers journey – think of long term.
• Hire competent people.
• Learn about buyer’s persona (character).
• Don’t copy from others – do Original.
• Invest in your website - it is your sales man.
Note: Don’t sell, educate – Share and care leads to success.
Rakesh Kumar – Founder at R.K. Dewan & Co.: IPR
• Four ‘I’s of Intellectual property – Idea, Innovation, Invention & Integration. 
• Types of Intellectual property rights (IPR) include: Patent, Trademark, Copyright, Industrial Design, Geographical Indication and plant varieties.
• The objective of intellectual property legislators and those who support its implementation appears to be "absolute protection".
Ajeet Khurana – Mentor at Angel Investors
• Be Realistic - accepting things as they are in fact and not making decisions based on unlikely hopes.
• Funding is not important in business – it is the idea, what makes your idea different. 
• Stop attending every event and start focusing on important things to grow your business.
• Customer is EVERYTHING.
The points discussed in the session were to motivate and be a beacon to future Entrepreneurs based on experiences of the speakers. The learning was great and would like our organization employees to acquire the same knowledge for their personal and organization growth. 

Anil Shukla
Marketing Executive

Wednesday, September 13, 2017

Honored to have Professor Rajen K Gupta, as our guest.

Octaware Technologies Limited was glad and honored to welcome Professor Rajen K Gupta, as our guest in our office @ Seepz SEZ.

Prof. Rajen Gupta has a first degree in Electrical Engineering from IIT Kanpur and is a Fellow of IIM Ahmedabad. He has worked in the State Bank of India and Jyoti Ltd before moving to IIM Lucknow as a faculty member. His main passion is to create and apply ideas which are suited to Indian culture and context. He would like to see Indian organizations achieve world class effectiveness¸ and see MNCs to adapt well to the Indian context. He would also like to collaborate in experimenting with new ideas to create new and better organizations.

1973-76:                  Covenanted officer in State Bank of India
1976-82:                  Doctoral scholar at IIM, Ahmedabad
1982-1987:              Corporate HRD manager at Jyoti Ltd.¸ Vadodara
1987-1997:              Faculty member at IIM, Lucknow
1997-till date:          Faculty member at MDI, Gurgaon

·        Main domains of consulting are HRD and Organization Design and Development.
·        Organizations consulted with (significant assignments only)
·        Indo-Gulf Fertilizer¸ Power Trading Corporation (PTC)¸ Tourism Finance Corporation of India (TFCI)¸ and Blue Bells Model School¸ NEEPCO.

Awards & Honors:
·        Dissertation proposal award at IIM Ahmedabad
·        Institute merit scholarship at IIT Kanpur
·        National merit scholarship on High School Examination Performance
·        Member of the international editorial board of the International Journal of Cross-Cultural Management (Sage¸ London)
·        Member of the international editorial board of the Journal of Research
·        Practice (http://jrp.icaap.org/)
·        Founding member of the National HRD Network
·        Professional member of ISABS

#ProfessorRajenKGupta #Octaware

Thursday, June 22, 2017

GREEN AMBASSADOR - Certificate of Appreciation

Congratulations 'Octaware'-ians!! 

On receiving the "GREEN AMBASSADOR" - Certificate of Appreciation from the authorities of SEEPZ SEZ 

Monday, June 19, 2017

GST Impact on the Indian IT Industry

The association of Indian economy with Information technology (IT) is very well aware of all the changes upcoming along with the GST and has also issued a warning that serves not to take the information technology in an easy way as it contributes to the economy in a very heavy proportion. While the National Association of Software and Services Companies (Nasscom) president R. Chandrashekhar mentioned that upcoming GST regime can create a difficult scenario for the industry as with GST, there are lot many complex invoicing and billing coming ahead which can further strangle the taxation of IT industry making a tough growth. As per the reports, Most of the items used in the IT industry like printers, photocopier and fax machines has attracted highest tax rate of 28 percent.
As the head mentioned that there will be a great number of taxation points counting up to 111 which must be accessed while in the process of filing as the reason being of multiple registrations ranging from 37 jurisdictions—29 states, seven union territories, and the Centre. In the words of Chandrashekhar, it said that Under the GST regime there are three tax points: central GST, inter-state GST, and state GST. Multiplying three GSTs with 37 jurisdictions take the total number of points of taxation to 111. It makes the IT companies register and file compliance reports at a staggering 111 points to clear all the way through filing the GST.
As the known system of taxation in IT industry, there is a single point of taxation which is the central service tax and also one point of registration. Chandrashekhar said that “So, moving from the single point to 111 could definitely prove to be a challenge in terms of ease of doing business, The services industry at large was administered under a single authority in the center under the service tax regime. The simplicity and certainty that it offered needs to be emulated in the GST law that states and center adopt subsequently.”
Nasscom comes up with a statement that says that the ‘place of supply’ provision of GST might need various billing and invoice in the case of single contract services but the delivery is happening from multiple offices of the same activity. In the process, goods and services tax has brought some clarification over the taxation on electronic downloads also including various taxes and duties, the actual value of service provision may spark misunderstanding and disputes over this issue.
Even the e-commerce marketplace is in downward slope as the latest provision which sets the marketplace to deduct ‘tax collection at source’ in contrary to the transaction held with each and every seller or third party vendor. This will definitely hamper the industry growth thus making the situation worse and can also create a situation in which the seller could draw their hands from this platform to sell their commodities. The imminent personality from the sector, Kris Gopalakrishnan, co-founder of Infosys Ltd. and chairman of Axilor Ventures has however took the GST light hearted and has assured the IT sector for a significant growth as the speech said that “This is good for the IT industry since services they deliver in India will come under GST. Of course, the GST rate has to be reasonable.”