August 2015 Woman At Work Digital
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VOL I / ISSUE II / AUGUST <strong>2015</strong> / `50<br />
GLOBAL<br />
WOMEN<br />
ENTREPRENEUR<br />
LEADERS<br />
SCORECARD <strong>2015</strong><br />
Ranked 29 amongst 31 countries, India has a lot to do to<br />
create a conducive ecosystem for women entrepreneurs<br />
SDM/SR/142/AUGUST <strong>2015</strong><br />
INSIDE<br />
SPECIAL FEATURE: GREEN MONEY | STARTUP SMART | TRAVELUST
EDITOR’S DESK<br />
The Indian entrepreneur is reborn. It is almost every week<br />
that one hears of new ventures starting up in some city<br />
in India. There seems to be a rush to be an entrepreneur.<br />
The renewed faith in the capabilities of individuals who dare<br />
to dream, is heartening to see. One would think that ideas,<br />
dreams, courage and talent need not have any gender leanings.<br />
But the Global Women Entreprenur Leaders Scorecard <strong>2015</strong>,<br />
released in early July in Berlin by Dell, has a different story to<br />
tell. India’s dismal rank of 29 amongst 31 countries surveyed, is<br />
disappointing to say the least . We have Frostian miles to go.<br />
In our cover story on the GWEL Scorecard we have captured the findings and key areas<br />
where we could learn a lesson or two from other countries<br />
The role of media in changing the perception of female entrepreneurs and moving away<br />
from typecasting them is well highlighted in the report. <strong>Woman</strong> at <strong>Work</strong> is privileged to<br />
provide a platform to showcase women with talent who will serve as role models for the<br />
upcoming generations and also improve representation of women in media to make a<br />
significant social impact.<br />
This month, we are launching a series Startup Smart which will showcase information,<br />
insights, expert advise and more to enable those women who are venturing out on their<br />
own. We hope that this space will be your ally and partner as you give shape to your<br />
vision and dreams.<br />
I would like to thank you for the overwhelming feedback we have received for our launch<br />
edition. It gives us a lot of energy and drive to know that we are on the right path to<br />
make a difference in your life as a woman at work.<br />
Happy Reading!<br />
Poornima Parameswaran Batish<br />
Editor-in-Chief<br />
P.S. : It is with a heavy heart that we bid adieu to the mortal remains of one of India’s<br />
most loved and revered leaders, our former President, Dr Abdul Kalam. Very rarely has a<br />
leader been able to touch the hearts and minds of each Indian like Dr Kalam. As he once<br />
said, “You have to dream before your dreams can come true”. His life and work are an<br />
inspiration to us to dream and move forward. May his soul rest in peace.<br />
poornimapbatish@womanatwork.in<br />
| <strong>August</strong> <strong>2015</strong><br />
3
CONTENTS<br />
16<br />
COVER STORY<br />
Global Women Entrepreneur Leaders Scorecard <strong>2015</strong><br />
Ranked 29 amongst 31 countries, India has a lot to do to create a<br />
conducive ecosystem for women entrepreneurs<br />
By Poornima Parameswaran Batish<br />
9<br />
25 27<br />
SIMPLY SUCCESSFUL<br />
This monthly series endeavours<br />
to showcase and applaud<br />
the focus and passion of<br />
professional women leaders<br />
who have pursued successful<br />
professions and lived life on<br />
their terms. Meet these four<br />
fantastic women who are simply<br />
successful<br />
By Suchismita Pai<br />
TRENDSETTERS<br />
Engineering Dreams,<br />
Garage-to-Globe<br />
Meet Arundhati,<br />
Managing Director of<br />
Plazma Technologies,<br />
who created India’s own<br />
garage-to-globe story<br />
By Poornima Parameswaran<br />
Batish<br />
SPECIAL FEATURE<br />
Green Money<br />
Doing good and making<br />
business sense may not<br />
seem to be ideal partners.<br />
But for some visionaries, life<br />
is all about doing the new<br />
By Suchismita Pai<br />
PROFESSIONS ON THE TABLE<br />
Media Reporter<br />
46
32<br />
BY INVITATION<br />
STARTUPSMART<br />
By Sayali Shende<br />
Funding your Dreams<br />
By Neetu Ralhan<br />
37<br />
Legal Angle<br />
by Advocate Manoj Wad<br />
40<br />
LIFE IS FUN!<br />
45<br />
Networking With A<br />
Difference<br />
34<br />
TRAVELUST<br />
No Boundaries<br />
By Smriti Sinha<br />
42<br />
By Smriti Sinha<br />
AFTER SLICED BREAD 7<br />
WHEELS AT WORK 8<br />
HOW PINK ARE OUR<br />
WORKPLACES? 24<br />
IN FOCUS 48<br />
NEWSMAKERS 50<br />
EDITOR IN CHIEF<br />
: Poornima Parameswaran Batish<br />
CONSULTING EDITOR<br />
: Suchismita Pai<br />
COVER PAGE & GRAPHIC DESIGN : Kshitij Srivastava<br />
PRINTED AND PUBLISHED BY : Sanjiivv B Batish on behalf of <strong>Woman</strong> at <strong>Work</strong> Media<br />
PUBLISHED AT : 5, Ganga Plaza, Off NIBM Road, Kondhwa, Pune – 411048<br />
PRINTED AT<br />
: Neha Creations, off Sinhagad Road, Pune<br />
For your feedback, ideas and suggestions, write to info@womanatwork.in<br />
Website : www.womanatwork.in<br />
Note to the Reader<br />
*All rights reserved. Reproduction in any manner without prior permission is prohibited. The views expressed in the articles<br />
are of the authors and not necessarily of the magazine. All efforts have been made to ensure accuracy of information in<br />
the magazine. But neither the editors nor the publisher can take responsibility arising out of errors or omissions in the<br />
information provided.
YOU SAID IT<br />
twitter @<strong>Woman</strong><strong>At</strong><strong>Work</strong>Mag<br />
I really appreciate the clearly written and thought<br />
provoking articles specially the cover story. The<br />
articles helps us realize that our problems are<br />
typical and we can solve them in constructive ways.<br />
You not just provoke a thought in the reader’s<br />
mind but also restrict the reader from denying it,<br />
by supporting it with well researched facts. The<br />
magazine also had apt information about gadgets,<br />
vehicles, books etc.<br />
Monica Bansal<br />
The article Simply Successful was very Inspiring.<br />
Great to know such fantastic women who are so<br />
relatable.<br />
Naseha S<br />
KunjalKamdar@kunjal23<br />
Do explore @<strong>Woman</strong><strong>At</strong><strong>Work</strong>Mag<br />
aka India’s 1st Professional<br />
Magazine exclusively for <strong>Work</strong>ing<br />
#Women : http://ow.ly/Pnk4M<br />
KanishaRaina@KanishaRaina<br />
Kanisha Raina retweeted Kunjal<br />
Kamdar<br />
I strongly recommend following<br />
India’s 1st ever Proff. Magazine @<br />
<strong>Woman</strong><strong>At</strong><strong>Work</strong>Mag exclusively for<br />
working women.<br />
NoJargon@No_Jargon<br />
It certainly fills a niche gap in the market<br />
Ruchi B<br />
The concept and idea is simple but genius. Loved it!<br />
<strong>Woman</strong> at <strong>Work</strong><br />
@ <strong>Woman</strong><strong>At</strong><strong>Work</strong>Mag J<br />
It is so encouraging to have social<br />
influencers like @khalidraza9<br />
show their support to @<br />
<strong>Woman</strong><strong>At</strong><strong>Work</strong>Mag<br />
Madhushree<br />
What stuck me foremost was the strong content<br />
value. The variety of topics covered is great and<br />
articles have depth. Though the articles focus on<br />
women, they do so without running down the male<br />
gender. All in all, this is a magazine for intelligent<br />
people not just intelligent women.<br />
Manoj Wad<br />
Naseha @NasehaSameen<br />
@Sylvie_diGiusto want 2 refer @<br />
<strong>Woman</strong><strong>At</strong><strong>Work</strong>Mag,<br />
india’s first magazine dedicated to<br />
working woman. Interesting article<br />
on img consulting<br />
We would be delighted to hear your feedback, views, insights and suggestions on info@womanatwork.in<br />
6 | <strong>August</strong> <strong>2015</strong>
AFTER SLICED BREAD<br />
Useful, quirky innovations....<br />
IRON, FLIP<br />
OVER, ADMIRE<br />
www.nandahome.com/<br />
UP AND ABOUT, BEHIND THE<br />
CLOCK:<br />
It took a woman to think of this! Gauri<br />
Nanda, an MIT graduate, came up with<br />
Clocky, the alarm clock with wheels. As<br />
soon as the alarm starts, the clock literally<br />
takes off. And not just that, it reportedly<br />
keeps hiding till you find it to stop it. By<br />
then, you would hopefully be too awake<br />
to want to get back to sleep.<br />
This one would be<br />
loved by all those<br />
who need to iron<br />
their clothes but<br />
can’t keep an ironing<br />
board for dearth of<br />
space. Once you<br />
are done ironing,<br />
you flip the board<br />
around and have<br />
a standing mirror<br />
to help you get<br />
dressed.<br />
www.freshome.com<br />
TWO-WAY TUBE<br />
No more squeezing the last blob out of the<br />
toothpaste tube. Here’s one that opens<br />
both ways. So there’s hardly a chance of any<br />
toothpaste getting wasted. If only ketchup<br />
bottles also came with something like that!<br />
ww.wackyinventions.com<br />
RELIEF WITHIN A SNAP<br />
This finger massager has five slots for<br />
each finger. You slip your fingers in<br />
and the machine immediately gives<br />
a shiatsu massage to the pressure<br />
points on your finger tips. The lithium<br />
battery is supposed to last fifty<br />
1-minute massages.<br />
www.viralnova.com<br />
| <strong>August</strong> <strong>2015</strong><br />
7
WHEELS AT WORK<br />
Planning To Change Your Vehicle Or Buy A New One?<br />
Take A Look <strong>At</strong> These Options<br />
FORD FIGO ASPIRE<br />
HYUNDAI CRETA SUV<br />
PRICE : INR 5.5-7.5 lacs<br />
(expected range)<br />
Noteworthy : With a fresh<br />
design language, numerous features, and a<br />
proven powertrain lineup, Ford Figo Aspire is<br />
vying to trounce its established rivals in a battle<br />
that is getting fiercer every passing day. Ford<br />
Figo Aspire is not only a good looking compact<br />
sedan inside out but it also has sound mechanical<br />
behavior and build quality.<br />
PRICE : INR 8.59 LACS<br />
ONWARDS<br />
Noteworthy : The stylish<br />
compact crossover comes<br />
packed with segment leading<br />
features and a proven powertain<br />
lineup that is derived from Verna<br />
sedan.<br />
HONDA AVIATOR <strong>2015</strong><br />
PRICE : INR 51,000<br />
ONWARDS<br />
Noteworthy :<br />
Honda says that<br />
one in every three of<br />
its Indian automatic scooter customers<br />
is a woman.Visual updates come in the<br />
form of new chrome insert on the revised<br />
apron, garnish on console cover, revised<br />
instrument console, clear lens indicators,<br />
3D Honda badge and colour coordinated<br />
grab rail.<br />
MAHINDRA THAR FACELIFT<br />
PRICE : INR 8.03<br />
LACS ONWARDS<br />
Noteworthy :<br />
Mahindra Thar<br />
facelift, the<br />
offroader has been introduced and<br />
the CRDe engined variant is available.<br />
The dashboard is all-new and features<br />
Bolero-style steering wheel, new triple<br />
pot instrument console, an upright<br />
dashboard with silver AC vents and<br />
redesigned AC controls.<br />
All information and photos are courtesy RushLane.com which is a leading source of cars & bikes news and reviews<br />
8 | <strong>August</strong> <strong>2015</strong>
SPECIAL FEATURE<br />
SIMPLY SUCCESSFUL<br />
This monthly series endeavours to showcase and applaud the focus and<br />
passion of professional women leaders who have pursued successful<br />
professions and lived life on their terms. Meet these four fantastic women<br />
who are simply successful.<br />
BY SUCHISMITA PAI<br />
kabaddi champion for a mother and a cricket<br />
champion for a father, life was full of sports<br />
talk and sports personalities.<br />
GAYATRI VARTAK<br />
SPORTSWOMAN. PSYCHOLOGIST<br />
G<br />
ayatri Vartak has done what very few<br />
attempt. She has switched courses<br />
midway and succeeded in great<br />
measure. Born into a family of sports fans,<br />
Gayatri was exposed to all different sports<br />
from the very beginning. With a national<br />
“My parents never ever told me what to do<br />
but I had watched almost every sport possible<br />
with the exception of golf by the time I<br />
decided to swim competitively”. She took<br />
to water like fish and even started winning<br />
competitions when she took a second look at<br />
badminton. A chance event where her cousin<br />
played badminton drew her to the sport. “It<br />
was probably the sight of the beautiful shuttle<br />
cock, so light and yet so strong flying through<br />
the air that mesmerised me”, she says. Some<br />
around her advised her not to upset the<br />
apple cart and quit swimming at which she<br />
was already doing so well and enter a sport at<br />
eleven and a half years of age.<br />
Again her parents were fully supportive and<br />
so badminton it was. “I never had to work on<br />
| <strong>August</strong> <strong>2015</strong><br />
9
issues like fitness and stamina but I had miles<br />
to catch up with my peers on the technique<br />
and skills of the sport itself.” Proving the<br />
naysayers wrong she soon zoomed ahead<br />
of the competition and even moved to<br />
Bangalore taking up badminton with almost<br />
religious fervour. It was her mentor Mr.<br />
Hemant Hardikar from whom she got her first<br />
insights on sports psychology and mental<br />
toughness, something that was reiterated by<br />
Prakash Padukone as well.<br />
“Sport was not something anyone took<br />
seriously, so sports psychology was a far cry,<br />
but Mr. Padukone would<br />
tell me how psychological<br />
strength and well-being was<br />
essential to playing your<br />
best.” While brain, brawn<br />
and talent certainly take<br />
you towards the top, the<br />
difference at the top comes<br />
down to psychological<br />
wellness, she explains. But<br />
with her focus on the game,<br />
she paid little attention to the idea, except<br />
to gain better insight into her own game.<br />
She was soon at the top of the game and<br />
represented India at several international<br />
tournaments. It was when she was stuck<br />
outside the game with an injury that she<br />
started delving into psychology as a subject.<br />
One book led to another and soon she began<br />
identifying how psychology impacted life and<br />
sport.<br />
“While brain, brawn<br />
and talent certainly<br />
take you towards the<br />
top, the difference at<br />
the top comes down<br />
to psychological<br />
wellness”<br />
she finished all twenty four exams. Not only<br />
did she do well, she broke all records and<br />
was a university topper. It was also during<br />
this time that she interned with a sports<br />
coaching organisation and one young man<br />
who benefited hugely from her counselling<br />
announced her contribution to his success, to<br />
the world.<br />
The world took notice and she would often<br />
get invited to workshops and conferences.<br />
On the way to one such conference in<br />
Nashik, she shared a taxi with another invited<br />
speaker, Janki Rajapurkar and the rest,<br />
as they say, is history. What<br />
started as a casual conversation<br />
continued over the next couple<br />
of days at the conference and<br />
by the time they were on the<br />
way back, had evolved into a<br />
full-fledged business idea. A<br />
week later they joined forces<br />
and set up Samiksha, which<br />
means critical introspection.<br />
The venture set up in 2011, picked up<br />
steam almost from the get go, and today<br />
boasts of offices in Bengaluru and Mumbai<br />
with prestigious clients. Buoyed by the<br />
success, and wanting to do something to<br />
promote sport in the right way among the<br />
young, they set up Lifesport which designs<br />
and implements lessons for developing<br />
lifeskills in young children through the<br />
medium of sport.<br />
Having graduated in commerce, people<br />
again advised her not to switch streams<br />
midway. They told her she would find it<br />
hard and not do well at it. Once again,<br />
championed by her parents, she studied<br />
psychology and within the one year when an<br />
injury kept her from her beloved badminton,<br />
“Sport has given me a lot, including a<br />
supportive life partner”, she says. Married to<br />
Aditya Madkeker, a champion tennis player,<br />
she has found her groove. Her mantra, “If<br />
you are prepared to come back stronger and<br />
better every time you fall, nothing can stop<br />
you”.<br />
10 | <strong>August</strong> <strong>2015</strong>
the responsibility as the point person for Tata<br />
Swach, a water purifier that does not require<br />
electricity or running water. The low cost, almost<br />
zero maintenance water purifier is among the<br />
most awarded products, but more importantly<br />
serves the health needs of rural India.<br />
AMRITAA DEY<br />
PATENT HOLDER.MARKETING<br />
EXPERT<br />
Born into a family of physicians and<br />
physicists, Amritaa was the first in her<br />
family to study commerce. “I was tired<br />
of discussing OHMS law at dinner”, she laughs<br />
referring to the heavy scientific<br />
conversations that were part<br />
and parcel of her growing up.<br />
No light-weight herself, Amritaa<br />
was also the first in the family to<br />
have a patent to her name. Nor<br />
was she one to stop at just one.<br />
<strong>At</strong> the age of 34, she already<br />
has four patents for water<br />
purification technology to her name. “A warm<br />
and encouraging family atmosphere can work<br />
miracles”, she states.<br />
“What drives me is purpose”, says this<br />
passionate marketing professional and a<br />
commerce graduate from Narsee Monjee.<br />
While she was working at Tata Chemicals, she<br />
heard R. Gopalakrishnan, the Vice-chairman<br />
say, “A career has always been a way to serve<br />
the community, serving a larger purpose – work<br />
to me is learning, fun, full of excitement and<br />
constant discovery – and incidentally getting<br />
paid”. This stuck with her.<br />
While at Tatas, she stepped up and took<br />
“When you have<br />
the right spine<br />
backing you, you<br />
can attain your<br />
purpose”<br />
Everybody has the right to clean water,<br />
asserts Amritaa and to this end, she visited<br />
over 600 households across 4 states in<br />
India during the trial and test phase of the<br />
product. “What I learnt cannot be taught in<br />
management Institutes”, avers the Goa Institute<br />
Of Management MBA. Often depicted as easy,<br />
laid back people who spend their days under<br />
the local banyan tree, rural folks are anything<br />
but that, she says. Even in the most backward<br />
villages of Orissa, she found that people were<br />
extremely self- aware and knew<br />
what they wanted. “They can give<br />
management experts a run for their<br />
money in how they organise their<br />
frugal resources. A simple rural<br />
woman divides her time so that<br />
she can get all her chores done<br />
efficiently, or else she will not be<br />
able to get food on the table and<br />
care for her family”.<br />
Moving from one award winning project to<br />
another is just the norm for Amritaa and her<br />
current stop as Head, Corporate Marketing for<br />
Mahindra World City – a pioneering sustainable<br />
city-building business from the Mahindra Group<br />
within their Real Estate Arm – Mahindra Life<br />
Space Developers Ltd, is based on the vision<br />
of transforming urban landscapes by creating<br />
sustainable communities. “City planning and<br />
urban living are set to get a never before focus<br />
as India is slated to witness a tremendous<br />
population shift, from rural to urban areas”.<br />
It is imperative she stresses, that it is done in<br />
a methodical manner. It is a turning point in<br />
| <strong>August</strong> <strong>2015</strong><br />
11
urbanization and she is excited to be part of<br />
it. It also ties in very well with her interest in<br />
travel and frequenting lesser known places<br />
even within her city itself.<br />
A proud Mumbaikar, she knows the city<br />
better than most and has explored little<br />
known spaces like Bhaucha Dhakka, a<br />
dockside Ferry Wharf terminal, where anyone<br />
can have ferry ride on the sea in Mumbai. An<br />
avid reader, she also loves spending time with<br />
her parents and younger sister, all of whom<br />
make up for a very strong backbone, she says.<br />
“When you have the right spine backing you,<br />
you can attain your purpose”, she ends.<br />
“When something like that happens, you<br />
know that it cannot get worse and all that can<br />
be done is to pull yourself up from the deep<br />
chasm of grief, disbelief and sorrow that you<br />
have been flung into. Hitting the deep-end so<br />
early on means that you have to look inward<br />
and find the strength to cope”. She learnt to<br />
swim in the troubled waters even while staying<br />
afloat seemed difficult, with a child on the way.<br />
Armed with a Bachelore of Arts, Marathi<br />
medium from Mumbai University, she made<br />
the rounds of the offices, even as she strived<br />
to master English. In the coming years she<br />
had quickly honed her skills to include Neurolinguistic<br />
programming and post graduate<br />
qualifications in Literature and Journalism.<br />
RAVIEBALA KAKATKAR<br />
NLP TRAINER.FACILITIES<br />
MANAGER.SKYDIVER<br />
worst day of your life is also<br />
the best day”,<br />
“The<br />
says Raviebala<br />
Kakatkar. The first blush of<br />
marriage is probably the best<br />
time of a young woman’s life.<br />
It’s the time to dream the<br />
largest dreams and begin to put<br />
together a life as she imagined it. But barely<br />
15 days into her marriage, Raviebala lost her<br />
husband to the 1971 war.<br />
12 | <strong>August</strong> <strong>2015</strong><br />
Can you make<br />
a difference in<br />
someone’s life?<br />
She worked with the sales office of Cummins<br />
India for twenty years and consolidated her<br />
position as their Manager Facilities , that gave<br />
her the ground of financial stability. During this<br />
time, she also began her journalistic foray and<br />
authored over 450 articles that have appeared<br />
in leading dailies of Maharashtra like Sakal,<br />
Loksatta, Lokmat, Maharashtra Times.<br />
“After facing your worst fear early on, you<br />
feel free to do anything as you are no longer<br />
afraid of what might happen”, she says talking<br />
about her love of skydiving. She holds the<br />
distinction of being the first Maharashtrian lady<br />
Skydiver from The Indian Skydiving Federation,<br />
Agra and has completed five para<br />
jumps from a height of 4000 ft.<br />
Well ahead of her times in her<br />
school and college days, she led<br />
the Republic Day Parade at New<br />
Delhi in 1970 and was best NCC<br />
Cadet from Maharashtra, Goa, Diu and Daman.<br />
Having completed the basic Mountaineering<br />
course under Mr. Tensing Norge in 1969,<br />
she went on to complete 11 High Altitude
treks in the Himalayas, including Kailas -<br />
Mansarovar Yatra, Amaranth Yatra, Pindari<br />
Glacier. In one such trek, she met her soul<br />
mate and partner.<br />
Her adventurous spirit also led her to<br />
strike out on her own. Post 1993, she<br />
started holding workshops as an NLP<br />
Master Trainer and Counsellor and Softskills<br />
Trainer. Her workshops specialize in<br />
Emotional Freedom Therapy and Stress<br />
Management, weaving in her personal<br />
journey.<br />
Raviebala lives by the tenets she learnt<br />
from NLP and the life changing quote<br />
from Anthony Robins, ‘Can you make a<br />
difference in someone’s life?’ governs all<br />
her actions. Being crowned Mrs. PUNE<br />
in February 2009 is just a small footnote<br />
in the life of someone who started life<br />
from the worst day and went on to make<br />
it better not just for herself, but for many<br />
others along the way.<br />
care and attention create magic.<br />
Starting out in the primarily male domain of<br />
stockbroking, Madhvi grew her family business,<br />
Bharat Bhushan Equity Traders Limited almost<br />
from ground up to become one of the most<br />
trusted and reliable companies in stock<br />
broking. A third generation entrepreneur, she<br />
was drawn into the business by her mother<br />
when the business environment was going<br />
through some changes. “Putting processes and<br />
people into place to ensure that the company<br />
could keep up with the times, was a challenge<br />
worth taking up”, she says. It was one that<br />
she stayed with for thirteen years till the<br />
time assured of its stability and strength, she<br />
decided to shift gears and focus on her love of<br />
writing.<br />
Augmenting her passion and natural talent<br />
for writing with two prestigious courses, one<br />
at the University of Oxford and the other at<br />
the NYU, she ventured into creative writing<br />
with her own firm ‘the writer’s web’ in 2013.<br />
The writing team boasts of a diverse body of<br />
work with pan-India clients including some of<br />
the most illustrious corporate houses and topnotch<br />
professionals. TWW’s strength lies in its<br />
ability to create highly engaging, customized<br />
and impactful content. The company handles<br />
all aspects of content writing from online<br />
content, marketing and product collateral to<br />
effective e- commerce solutions.<br />
MADHVI AHUJA<br />
STOCKBROCKER.WRITER<br />
Madhvi Ahuja straddles two worlds.<br />
One populated by numbers and<br />
figures that change at the blink of an<br />
eye and the other where words picked with<br />
Though the solo writer-single client firm<br />
has grown to a large team with over 30 elite<br />
clients, Madhvi is not one to rest on her laurels<br />
and believes that there is much to be done.<br />
“This is just the beginning. Small steps. I am<br />
in no hurry, I am not competing with anyone<br />
but ‘the writer’s web’ itself”, she asserts. One<br />
of the steps forward is a book of fiction that<br />
will be out in 2016. The book which she is coauthoring,<br />
is a fictionalised account of what it<br />
is like to be a single mature woman in the India<br />
| <strong>August</strong> <strong>2015</strong><br />
13
of today. It took three years and 20 rewrites to<br />
reach the editing table, so meticulous is she<br />
about her research and writing. “It may just be<br />
a writer thing, but I am almost always my own<br />
worst critic and while it can be a good thing, it<br />
also means writing consumes a large portion of<br />
my mind space at any given time”, she laughs.<br />
One of three siblings, she was not the<br />
one slated for most academic success<br />
she admits good-naturedly and adds that<br />
her grandmother would joke about the<br />
celebrations to follow when she graduated. But<br />
she took to her courses at Oxford and NYU,<br />
like a duck to water and went from strength to<br />
strength.<br />
you in your head at all times and you can do it<br />
even in your pyjamas. I have been inspired in<br />
the middle of a movie”, says the self-confessed<br />
movie buff.<br />
So when does the self-critical perfectionist<br />
call it done? “Never”, she laughs.“That is what<br />
deadlines are for!”<br />
A head for business and a body for woe<br />
have meant that she is a stickler for fitness and<br />
health food. A trained Muay Thai fighter, she<br />
brings energy<br />
and fervour not<br />
It may just be a<br />
just to her work<br />
writer thing, but I but any space<br />
am almost always she inhabits.<br />
Her golden lab,<br />
my own worst<br />
Maximus, might<br />
critic<br />
have been a<br />
happy surprise,<br />
but she held back on getting a dog till she<br />
knew that she was ready to care for him in the<br />
way he needed to be cared for. He is also part<br />
of a world populated by her beloved nephews<br />
and nieces, where camaraderie, friendship,<br />
sibling love and laughter abound. It is the<br />
world in which the only woman member of the<br />
BSE Brokers Forum, which negotiates with one<br />
of the toughest financial regulatory bodies in<br />
the country, dons another avatar. “The good<br />
thing about writing is that you carry it with<br />
14 | <strong>August</strong> <strong>2015</strong>
COVER STORY<br />
GLOBAL WOMEN<br />
ENTREPRENEUR LEADERS<br />
SCORECARD <strong>2015</strong>
COVER STORY<br />
If I had only known, I would have been a locksmith,<br />
said Albert Einstein. India seems to have caught the<br />
entrepreneurial bug. Indians are waking up with dreams in<br />
their head and are willing to risk everything<br />
to make them a reality.<br />
BY POORNIMA PARAMESWARAN BATISH<br />
It is the time to be born as an entrepreneur<br />
in India. The India startup story is in fashion.<br />
As per NextBigWhat, over $1.65Bn was<br />
invested just in the second quarter of <strong>2015</strong><br />
in Indian startups. New ventures, innovative<br />
ideas to make life simple, technology blending<br />
with utility – these are the toast of many<br />
conversations. All positive stories inspiring<br />
many more.<br />
What is a big cause of worry though is that<br />
the clichéd gender bias, hitherto heard of at<br />
workplaces, seems to have seeped into the<br />
entrepreneurial ecosystem. As per a YourStory<br />
report, when we look at businesses with<br />
women at the helm - startups founded and<br />
run solely by women, the number is small and<br />
when we talk of the ones who have received<br />
funding, it does not even cross single digits.<br />
It is then not a surprise to see India ranked<br />
an abysmal 29 of 31 countries in the <strong>2015</strong><br />
Global Women Entrepreneur Leaders (GWEL)<br />
Scorecard. Only Pakistan and Bangladesh rank<br />
lower than India. The scorecard, sponsored<br />
by Dell, was presented at the Texas-based<br />
computer giant’s sixth-annual Dell Women’s<br />
Entrepreneur Network Summit in Berlin in July..<br />
The U.S. ranked highest among 31 countries<br />
surveyed that include Sweden, Brazil, China,<br />
Japan, Jamaica, Chile, Poland and more. The<br />
study gave each of the 31 countries evaluated<br />
an overall score, based on several parameters<br />
( See Box for GWEL Framework ).<br />
“It’s a globalized market out there. Without<br />
women participating equally, innovating,<br />
creating and scaling businesses, countries are<br />
going to miss out. It’s about being a leader,<br />
not a follower”, says Dr. Ruta Aidis, Project<br />
Director, Global Women Entrepreneur Leaders<br />
Scorecard.<br />
| <strong>August</strong> <strong>2015</strong><br />
17
COVER STORY<br />
BUSINESS ENVIRONMENT<br />
USA<br />
Nigeria<br />
micro businesses. However, the social and<br />
economic frameworks limit the number of large<br />
businesses run by women.<br />
India<br />
18<br />
GENDERED ACCESS<br />
The U.S. and Sweden received the highest<br />
overall score for Business Environment. The<br />
relatively high R&D investments, strong<br />
innovation ecosystem, and availability of capital<br />
combined with relatively low levels of business<br />
regulations, corruption and market monopolies<br />
creates favorable conditions for innovative<br />
businesses to start and scale. In general all<br />
high-ranking countries provide good business<br />
environments with the exception of Chile<br />
where market monopolies are strong and can<br />
crowd out newcomers. In countries such as<br />
India and Pakistan, women are likely to start<br />
India<br />
UK<br />
Pakistan<br />
28<br />
It is surprising that such large gendered gaps<br />
still exist between countries in terms of access<br />
to fundamental resources such as education,<br />
the Internet, bank accounts and Small and<br />
Medium-sized Enterprise (SME) training<br />
programs. These resources form the foundation<br />
for high-impact female entrepreneurship<br />
development.<br />
18 | <strong>August</strong> <strong>2015</strong>
COVER STORY<br />
Pakistan receives the lowest overall score for<br />
access to resources and the lowest scores<br />
for three of the indicators that make up this<br />
category. In Pakistan, only 19% of women<br />
have some secondary education, only 3%<br />
of women have a bank account and there<br />
are impediments for women accessing SME<br />
training programs The UK emerges with the<br />
highest overall score for this category driven<br />
by the universal access to education for<br />
women (100% of the female population has<br />
access to secondary education) and providing<br />
SME training programs that are accessible,<br />
affordable and culturally appropriate for<br />
women to participate.<br />
LEADERSHIP AND RIGHTS<br />
USA<br />
Pakistan<br />
India<br />
28<br />
26 other countries in the world, the husband<br />
has veto power by law and he is the final<br />
decision-maker for the household. In countries<br />
such as India, Pakistan and Tunisia, there are<br />
unequal inheritance rights for women and<br />
work restrictions limiting their access to startup<br />
capital and collateral critical for business<br />
startup and growth. A recent study by Women<br />
Business and Law shows that more gendered<br />
legal restrictions results in fewer female-owned<br />
businesses. Removing these barriers would<br />
make a big difference.<br />
The U.S. comes out as the highest scoring in<br />
this category. Beyond ensuring legal rights and<br />
freedom of movement, one of the additional<br />
areas that is positive is women’s access to<br />
private sector employment and the ability to<br />
move up the ranks because that experience in<br />
those networks can be directly translated to<br />
business development. Often, an individual’s<br />
job serves as their ‘business incubator’. Women<br />
with executive experience further benefit from<br />
this experience as entrepreneurs.<br />
A large gap exists for the 31 countries in our<br />
Scorecard especially in terms of equal legal<br />
rights for women. In Egypt and Malaysia, as in<br />
This category also looks at the acceptance of<br />
women as business executives by a country’s<br />
female population. These results provide<br />
THE GLOBAL WOMEN ENTREPRENEUR LEADERS SCORECARD FRAMEWORK<br />
(1) Business Environment<br />
Less Market Monopolies<br />
Innovation Ecosystem<br />
Low Corruption Prevalence<br />
R&D Investments<br />
Ease of Doing Business<br />
Capital Availability<br />
(2) Gendered Access<br />
Access to Secondary Education<br />
Access to the Internet<br />
Access to Bank Accounts<br />
Access to SME Support Programs<br />
(3) Leadership and Rights<br />
EquaI Legal Rights and Movement<br />
Acceptance of Female Executives<br />
Prevalence of Female Managers<br />
and Leaders<br />
Female Professional Social Media Profiles<br />
(4) Pipeline for Entrepreneurship<br />
Startup Skills<br />
Opportunities for Startup<br />
Entrepreneur Ecosystem<br />
Females Startups (M/F ratio)<br />
(4) Potential Entrepreneur Leaders<br />
College Educated startup owners<br />
Growth - oriented startup owners<br />
Market expanding startup owners<br />
| <strong>August</strong> <strong>2015</strong><br />
19
COVER STORY<br />
insights into cultural attitudes towards women<br />
in leadership positions similar to those held<br />
by women in scaling businesses. India has the<br />
lowest percentage of 26% acceptance which is<br />
a decrease from 31% in 2006.<br />
In contrast, Japan, which is one of the top<br />
scoring countries for business environment,<br />
receives the lowest overall score. In Japan,<br />
both men and women are found to be less<br />
entrepreneurially oriented and see few<br />
opportunities to start a business.<br />
PIPELINE FOR<br />
ENTREPRENEURSHIP<br />
POTENTIAL ENTREPRENEUR<br />
LEADERS<br />
Nigeria<br />
Japan<br />
Australia<br />
Brazil<br />
India<br />
31<br />
India<br />
28<br />
In all 31 countries, women are significantly less<br />
likely to know an entrepreneur. Research shows<br />
that individuals with ties to other entrepreneurs<br />
are more likely to become entrepreneurs<br />
themselves. Further in all of the nine high<br />
performing countries, women are significantly<br />
less likely to feel they<br />
have the skills to start<br />
a business than men.<br />
Nigeria is the highest<br />
scoring country<br />
for this category,<br />
which measures<br />
the Entrepreneurial<br />
Spirit for the<br />
female population.<br />
Nigeria has a high<br />
rate of female to male startups (9 female<br />
startups for every 10 male startups) and<br />
women here feel they have the skills and see<br />
opportunities to start businesses and have<br />
contact with entrepreneurs. However Nigeria’s<br />
weak business environment limits their<br />
ability to translate this high level of female<br />
entrepreneurship experience into scaling<br />
businesses.<br />
Australia is the top scoring country<br />
for developing Potential Entrepreneur<br />
Leaders. Over half of Australian women<br />
who start businesses are college-educated<br />
which provides them with networks and<br />
experiences that they can leverage for<br />
growing their businesses. Australia’s annual<br />
list of the top<br />
30 female<br />
entrepreneurs<br />
with revenues<br />
over $25<br />
million a year<br />
created by<br />
Smartcompany<br />
helps raise<br />
the profile<br />
of female<br />
executives and high growth female<br />
entrepreneurs in Australia.<br />
Brazil receives the lowest score based on<br />
a very low level of female startups that are<br />
market expanding i.e. reaching beyond<br />
Brazil’s domestic market. In addition, few<br />
college-educated women are starting<br />
businesses in Brazil.<br />
20 | <strong>August</strong> <strong>2015</strong>
COVER STORY<br />
TAKE ACTION<br />
The GWEL Scorecard presents several clear opportunities for governments, businesses and the<br />
media to support women entrepreneurs. Here are some of the ways that we could all make a<br />
difference.<br />
GOVERNMENT<br />
Gendered Public Procurement Policy<br />
Public procurement accounts for more than 30<br />
to 40% of GDP in developing countries and<br />
10 to 15% of the GDP in developed countries.<br />
However, globally, only an estimated 1% of public<br />
procurement contracts are awarded to womenowned<br />
businesses. Most procurement officers<br />
focus on price and prefer trusted suppliers, which<br />
unintentionally excludes new diverse suppliers which<br />
may be female.<br />
Gendered Data collection : If countries do<br />
not collect data on women entrepreneurs and<br />
women’s participation in government funded<br />
entrepreneurship programs they will not be able to<br />
benchmark change. Surprisingly, even countries with<br />
specific programs targeting women entrepreneurs<br />
do not collect data on women’s participation in all<br />
the entrepreneurship programs that are funded.<br />
MEDIA<br />
Only 25% of global<br />
media coverage features<br />
women as subjects in print, radio<br />
and television. This proportion<br />
constitutes only a 1% percentage<br />
point increase from 24% in<br />
2010. Moreover, 46% of these<br />
coverages tend to reinforce gender<br />
stereotypes while just 6% challenge<br />
them.<br />
The media plays an important<br />
role in changing the perception of<br />
high-impact female entrepreneurs.<br />
Journalists and media can take<br />
action by increasing coverage of<br />
high-impact female entrepreneurs<br />
and promoting a balanced image<br />
of successful businesswomen.<br />
ENTREPRENEUR<br />
LEADERS<br />
Leaders need to leverage their<br />
unique positions using their<br />
expertise, experiences and<br />
networks to raise awareness<br />
and act as role models,<br />
mentors and investors<br />
INDIVIDUALS<br />
Individuals can play an important role as advocates and<br />
investors for change by exercising shareholder rights to push<br />
for the need for diversity in C-suite and board positions. They<br />
could also speak up and ask local and national governments<br />
and international organizations to collect and provide data<br />
on women’s entrepreneurs and women’s access to publically<br />
funded entrepreneurship programs.<br />
PRIVATE SECTOR<br />
Corporations can play an instrumental role in providing women access to leadership<br />
and creating role models for future generations through two specific initiatives.<br />
Leveraging buying power by increasing the number of women-owned business vendors in<br />
their supply chain. Diversifying their leadership in the C-suite, improving the pipeline for<br />
women to senior positions and increasing the number and proportion of women on boards.<br />
| <strong>August</strong> <strong>2015</strong><br />
21
INTERVIEW<br />
<strong>Woman</strong> <strong>At</strong> <strong>Work</strong> speaks<br />
to Dr. Ruta Aidis, founder<br />
CEO of ACG Impact and<br />
Project Director of the <strong>2015</strong><br />
Global Women Entrepreneur<br />
Leaders Scorecard.<br />
Why was the need felt to do<br />
a gender specific study for<br />
entrepreneurs?<br />
Do you feel investors look<br />
at women entrepreneurs<br />
differently?<br />
Women experience additional<br />
impediments to starting and growing<br />
businesses. In the past, it was often<br />
thought that fewer women were business<br />
owners out of choice. However, in recent years,<br />
research has shown how gendered starting<br />
and growing a business really is and that<br />
women face additional obstacles ranging from<br />
gendered legal restrictions (such as property<br />
ownership as well restrictions on movement),<br />
access to key resources (such as education,<br />
networks and finances) and gendered attitudes<br />
(such as women needing their husband’s<br />
approval for a bank loan, dismissive attitudes<br />
towards women’s abilities and skills and sexual<br />
harassment).<br />
Yes absolutely! That is one of the major<br />
impediments to grow their businesses.<br />
A main reason this happens is most<br />
investors are men (venture capitalists and angel<br />
investors) who are wary of financing women’s<br />
businesses. Research by Babson College in the<br />
US found that VCs with women partners are<br />
more than twice as likely to invest in companies<br />
with a woman on the executive team, and<br />
more than three times as likely to invest in<br />
companies with female CEOs.<br />
Do you see things changing for<br />
the better?<br />
Unfortunately, the percentage of VC<br />
firms with female partners has actually<br />
22 | <strong>August</strong> <strong>2015</strong>
COVER STORY<br />
been decreasing. Women-owned companies<br />
only receive a meagre 5% of VC funding in<br />
the US and statistics don’t even exist for most<br />
other countries. Fewer women executives in<br />
the financial system results in fewer women<br />
entrepreneurs receiving the funding they need.<br />
As female entrepreneur Brit Morin, founder<br />
and CEO Brit & Co. noted, “there will be more<br />
female entrepreneurs if there are more female<br />
venture capitalists”.<br />
One of the positive highlights of<br />
the report is a call for action.<br />
Yes. We provide actionable steps<br />
on how countries can improve the<br />
conditions for growth oriented female<br />
entrepreneurs starting<br />
tomorrow. No silver<br />
bullet exists since no<br />
single action, program<br />
or policy will level the<br />
playing field for women<br />
and a multifaceted<br />
approach is necessary<br />
including actions at the<br />
government, corporate,<br />
entrepreneur and<br />
individual levels.<br />
There are many<br />
examples of new<br />
initiatives to support women entrepreneurs<br />
and I want to highlight two recent examples.<br />
Vicki Saunders, a serial entrepreneur, launched<br />
a new initiative, Radical Generosity, which is<br />
one-part business competition and one-part<br />
unique funding model to make it easier for<br />
women-led businesses to get the financial<br />
support and advice they need. To create a<br />
fund for women entrepreneurs, Vicki is inviting<br />
professional women to donate $1,000 with<br />
the goal of 1,000 women contributing to a<br />
$1 million fund. The second is the increasing<br />
VCs with women partners<br />
are more than twice as likely<br />
to invest in companies with<br />
a woman on the executive<br />
team, and more than three<br />
times as likely to invest<br />
in companies with female<br />
CEOs.<br />
recognition of governmental leaders of the<br />
impediments for women entrepreneurs and<br />
support for programs to address them. In July,<br />
President Obama announced a 500 million<br />
USD investment in creating three women<br />
entrepreneurship centers in the African<br />
countries of Kenya, Zambia, and Mali.<br />
What would be your key advice<br />
to women starting up or<br />
scaling up?<br />
Find support and surround yourself<br />
with women and men that inspire you.<br />
If you can’t find support or inspiration<br />
nearby, then tap into the internet and watch<br />
inspiring presentations (such as TED talks) to<br />
connect with other likeminded<br />
women on the<br />
internet, follow blogs,<br />
read magazines such as<br />
yours. Buddha, though<br />
not an entrepreneur,<br />
provides very relevant<br />
advice when he said,<br />
“the mind is everything:<br />
what you think, you<br />
become”. Focus on your<br />
vision and passion. Don’t<br />
internalize rejection<br />
and failure. Rejection<br />
and failure happens to<br />
everyone especially entrepreneurs. Learn from<br />
them and move on.<br />
| <strong>August</strong> <strong>2015</strong><br />
23
HOW PINK ARE OUR WORKPLACES?<br />
Source : Livemint <strong>2015</strong><br />
Source : #workatflipkart<br />
24 | <strong>August</strong> <strong>2015</strong>
TRENDSETTERS<br />
ENGINEERING DREAMS,<br />
GARAGE-TO-GLOBE<br />
It is not very often that one hears about the field of robotics. So<br />
when Arundhati, a management graduate, decided to co-found an<br />
engineering solutions company with Hughen (a scientist & patent<br />
holder) in the 90s, there were naysayers galore. Today her company has<br />
a towering presence across the globe. A maverick at heart, she doesn’t<br />
carry a surname as she feels that surnames create stereotypes.<br />
BY POORNIMA PARAMESWARAN BATISH<br />
Having an entrepreneurial dream was<br />
nothing less than a nightmare in the<br />
1980s and 1990s. And if you happened<br />
to be a woman, you would be dismissed of<br />
as out of your mind. Arundhati believes that<br />
she inherited the entrepreneurial genes from<br />
her father. Born in an upper middle class<br />
Maharshtrian family where girls were educated<br />
and groomed to be good bride material,<br />
Arundhati had different plans.<br />
After her college, she<br />
enrolled into a German<br />
language class. Here she met<br />
a bunch of engineers who<br />
had come to learn German<br />
to converse better with<br />
their clients. She ended up<br />
doing German translations for<br />
engineering companies and in return she got all<br />
the practical engineering knowledge they had<br />
accumulated over the years. She also pursued<br />
A young woman<br />
trying to market<br />
an engineering<br />
product was<br />
unheard of<br />
an MBA in Marketing in this period.<br />
She now was clear that marriage was not<br />
the next option. She wanted to work. She quit<br />
home in, what she says, Bollywood style. Armed<br />
with her CV and a bag of clothes, she landed<br />
in Mumbai. She just wandered her way into an<br />
exhibition on engineering and left her CV in<br />
kiosks of companies she was interested in.<br />
Like they say, if you have a<br />
strong desire, the stars will<br />
conspire. To her own surprise, she<br />
landed a job. The exhibition was<br />
also where she met her business<br />
and life partner Hughen. An<br />
engineering college dropout who<br />
was not happy with theoretical<br />
knowledge and a 9 to 5 job, Hughen<br />
was at the exhibition to get ideas. The two<br />
clicked and decided to stick it out together.<br />
| <strong>August</strong> <strong>2015</strong><br />
25
Arundhati, who had a job, became the<br />
financier and marketer and Hughen, the creator<br />
and innovator. They got some space outside<br />
the garage of a generous mechanic in Mumbai’s<br />
Marol pipeline area and started their venture.<br />
Hughen wanted to design simple affordable<br />
machines that were easy to operate. Arundhati<br />
had the task of getting the first client.<br />
To see a woman on the shopfloor was a<br />
wonder. And a young woman trying to market<br />
an engineering<br />
product was<br />
unheard of. But<br />
Arundhati did not<br />
give up. Her passion<br />
and conviction<br />
finally got them<br />
their first order.<br />
They moved out<br />
of the garage to a<br />
small rented place.<br />
Plazma<br />
Technologies was born. There has been<br />
no looking back since. From 1994, Plazma<br />
Technologies has maintained long-term growth<br />
of turnover & profit, based on continuous<br />
development of self financed proprietary<br />
technology innovations. Hughen and Arundhati<br />
share their passion with over 1,200 Plazma<br />
machine and 48 Global robotic system users.<br />
Arundhati’s vision has built enviable<br />
intellectual property value for her company in<br />
the form of numerous homegrown technologies.<br />
That Plazma has filed in for patents, copyrights<br />
and trademarks every two years in the last two<br />
decades reflects the company’s phenomenal<br />
tryst with imagination and ingenuity. But as<br />
Arundhati rues, it took global recognition to be<br />
acknowledged in your own country.<br />
Plazma has won worldwide IPRs and today<br />
the company’s value chain comprises over 1200<br />
users and customers including mega PSUs,<br />
Giant Indian Corporates, MNCs as well as<br />
SME players across India, USA, Africa, Kuwait,<br />
Mauritius, Oman, Dubai, Abudhabi and Sri<br />
Lanka.<br />
Arundhati takes a month off the grid every<br />
year to follow her heart. She loves music, dance<br />
and scuba diving. Books are her constant<br />
companions.<br />
Arundhati believes<br />
that bonds in<br />
families are not to<br />
stifle the freedom<br />
of individuals but<br />
to encourage<br />
and support<br />
their dreams.<br />
Her daughter<br />
Skye is a strong<br />
independent<br />
individual who has<br />
chosen to pursue creative arts.<br />
Arundhati strongly believes that children<br />
need to be groomed into STEM fields like<br />
Robotics from an early age as she believes that<br />
unadulterated minds of children in rural areas,<br />
who don’t have as much exposureto technology<br />
and gadgets can be great innovators. She is<br />
now working on a state of art “RoboPlazma<br />
Technology Training school” devoted to<br />
better appreciation and application of physics,<br />
software and robotics.<br />
As Arundhati has proven, practical knowledge,<br />
deep yet simple customer insights and right<br />
partnerships driven by passion to innovate can<br />
create history and write the future.<br />
www.plazmasolutions.com<br />
26 | <strong>August</strong> <strong>2015</strong>
SPECIAL FEATURE<br />
GREEN MONEY<br />
Doing good and making business sense may not seem to be ideal<br />
partners. But for some visionaries, life is all about doing the new. Meet<br />
India’s eco-entrepreneurs who are building their businesses on the<br />
cornerstones of enviornment and sustainability.<br />
BY SUCHISMITA PAI<br />
SAMUCHIT ENVIRO TECH<br />
“Designing an efficient cooking stove<br />
for rural kitchens is far more difficult<br />
than designing a rocket engine”,<br />
laughs Dr. Priyadarshini Karve of Samuchit Enviro<br />
Tech Pvt Ltd. The physicist turned inventor, turned<br />
entrepreneur confesses that it was her easy-going<br />
nature that propelled her into the rather unusual<br />
field of creating rural technology that can be used<br />
on an everyday basis in the villages of India. “Soot<br />
kills far more people than any other kind of air<br />
pollution. Being boxed into an ill-ventilated rural<br />
kitchen for years is as good as being on death-row<br />
for a crime you never committed”. Worse, says<br />
Dr. Karve, it is a slow<br />
death as your lungs<br />
bear the brunt of all the<br />
billowing smoke that<br />
you inhale as you cook.<br />
a project to submit as part of her course work<br />
that she hit upon the idea of a cooking stove<br />
using bio-fuels. The daily dose of smoke over<br />
those three months as she engineered a stove<br />
made out of sawdust and sand converted her<br />
into a lifelong crusader for eco-friendly and<br />
sustainable energy that also was safe for<br />
everyone.<br />
Germinating from a college project<br />
Appropriate Rural Technologies Institute was<br />
born of the conviction that rural India too<br />
should have access to energy and technology<br />
that was more suitable and sustainable in<br />
the long term. In Nandal village alone, all<br />
Hailing from a family<br />
of reformists and social<br />
workers, Karve always<br />
had the freedom to<br />
choose her career<br />
path and was drawn<br />
to physics from a very<br />
young age. It was while<br />
at college, looking for<br />
| <strong>August</strong> <strong>2015</strong><br />
27
the earlier wood stoves were replaced with<br />
Bharatlaxmi stoves that cut<br />
emission by over 80 percent.<br />
Her focus on local materials,<br />
bio-waste and sustainability<br />
got her the 2002 Ashden<br />
award for Renewable Energy<br />
from agricultural waste.<br />
While awards have never<br />
driven Karve, it was extremely<br />
helpful to have the money,<br />
some fame and recognition<br />
that also brought in some sponsors as well,<br />
she admits. “Even Coke has an advertising<br />
budget” she grins. With her very first product<br />
well on its way, she turned to examine the<br />
issue even more minutely. “A good product<br />
alone does<br />
not guarantee<br />
commercial<br />
success” she<br />
admits.<br />
While the<br />
impact of her<br />
work could be<br />
seen in many<br />
places with her<br />
initial earthen<br />
stoves going<br />
on to sell over<br />
75,000 units,<br />
there were<br />
many marketing<br />
lessons she<br />
had to learn.<br />
Adopting<br />
the lessons<br />
learnt along<br />
the way, she started Samuchit Enviro in<br />
2005 broadening her focus on providing<br />
environmentally sustainable energy and waste<br />
management solutions to rural and urban<br />
28 | <strong>August</strong> <strong>2015</strong><br />
“Designing an<br />
efficient cooking<br />
stove for rural<br />
kitchens is far<br />
more difficult<br />
than designing a<br />
rocket engine”<br />
households and establishments in India and<br />
other developing countries.<br />
Today Samuchit markets a<br />
number of products that<br />
address the problem of indoor<br />
air pollution in rural kitchens,<br />
where wood and biomass are still<br />
prevalent cooking fuels. In a bid<br />
to reduce dependence on LPG,<br />
Samuchit also promotes clean<br />
biomass fuelled cooking devices<br />
suited to urban lifestyles.<br />
Customised waste-to-energy solutions to<br />
solar energy devices, and research on any<br />
energy saving, pollution reducing alternatives<br />
to traditional non-sustainable devices,<br />
Samuchit does it all. “Today we need it more<br />
than ever before”<br />
says Karve who<br />
custom designed an<br />
easy carbon footprint<br />
calculator with the<br />
Indian consumer in<br />
mind.<br />
Doing good<br />
does not end with<br />
inventions and<br />
entrepreneurship.<br />
Karve also teaches<br />
and mentors others in<br />
her spare time. “It is<br />
not about you or me”<br />
says this remarkable<br />
lady who has saved<br />
many women in rural<br />
India from slow and<br />
painful air poisoning<br />
and health problems.<br />
“Sustainable businesses are the only way we<br />
can save the planet. It is the only one we have<br />
so far”.
I LOVE COMPOSTING<br />
How do you start a business? Find<br />
something you like to do, gain some<br />
skills at it, try doing it within limited space and<br />
means, mention it casually to your husband<br />
while he is at his<br />
computer and bingo,<br />
you have it!<br />
Dhanashree<br />
Chauhan never<br />
imagined herself as<br />
a business woman.<br />
Fresh from a course<br />
on composting at<br />
the Agarkar Institute,<br />
she tried her hand at<br />
the technique in her<br />
flat balcony. The stipulations were that it should<br />
look good, have no nasty smell, work efficiently<br />
and fit into a small space.<br />
Armed with a plastic bin and a compost<br />
starter recipe, she figured out a way to do all<br />
that she needed.<br />
On a whim she<br />
decided to rope<br />
in a couple of her<br />
extended family<br />
members into<br />
the experiment.<br />
Soon she had<br />
requests from<br />
her friends and<br />
family asking<br />
that she do<br />
the same for<br />
them. “Whoever<br />
we spoke to<br />
about composting would get interested and<br />
many would ask how they could do it in their<br />
homes. I would get them started and ended up<br />
educating and troubleshooting for them”, she<br />
laughs.<br />
Relating the day’s events one night over a<br />
casual conversation, Dhanashree idly mentioned<br />
to her husband Rakesh that if she ever started<br />
a composting business, it would be named<br />
‘Ilovecomposting’. “Rakesh happened to be<br />
working on his laptop<br />
at the moment and a<br />
few minutes later he<br />
remarked that I was all<br />
set to go. He had bought<br />
the domain name and<br />
had a part of the business<br />
even before I realised it<br />
myself”, she admits.<br />
Hesitant yet, it was<br />
at a friend’s urging<br />
that she booked a spot<br />
for herself in a garden<br />
show. Not sure if it would amount to much,<br />
she took the help of friends to ready the kits<br />
which comprised of all the tools to start a smell<br />
composting pit on a small space. It had a bin,<br />
a compost starter, a rake etc. To her surprise<br />
her product was a hit and she got invited by a<br />
large reputed retailer<br />
to display and sell<br />
her product at their<br />
store.<br />
“People would buy<br />
my product and call<br />
me to demonstrate<br />
it. Soon I was<br />
invited by groups to<br />
educate them about<br />
the ‘what and why’<br />
of composting”.<br />
Wanting to give<br />
it some structure,<br />
she decided to have regular workshops and<br />
found that it was a great way to teach people<br />
about the planet and why they must start<br />
conservation. Explaining to young children was<br />
a challenge and so she created her characters<br />
| <strong>August</strong> <strong>2015</strong><br />
29
out of all the components of compost like Fungi<br />
and bacteria.“The kids love it and it is like a<br />
cartoon show for them”, she smiles. They also<br />
end up retaining the information better she<br />
says.<br />
From there it was just a short step to<br />
doing workshops at corporate offices<br />
and today, Dhanashree is a sought after<br />
Composting Guru. I Love Composting is a<br />
success and the reason says Dhanashree,<br />
“If you follow your passion, success follows<br />
you. <strong>Work</strong> does not seem like work. It is<br />
a lot of fun”. The best part is that you<br />
can leave a better planet for the future<br />
generations.<br />
ECOFEMME<br />
In a country where 87% of women<br />
are completely unaware about<br />
menstruation nor have any knowledge about<br />
its purpose and 75% of girls do not know<br />
about the material to use to absorb the flow<br />
(Unicef MHM) you might be tempted to believe<br />
that standard sanitary pads are an end to all<br />
menstruation problems. But what if they were<br />
just the beginning? “The main reason for<br />
using disposable sanitary pads is that we value<br />
convenience over environmental, health, and<br />
economic value. It could also be the disgust a<br />
woman feels at the idea of washing menstrual<br />
blood out of the pads” says Kathy Walkling of<br />
Ecofemme cloth pads. Her journey as a cloth<br />
pad entrepreneur began with her own quest to<br />
dispose off the use and throw pads in an ecofriendly<br />
and inoffensive manner.<br />
When burying the pads did not seem to work,<br />
she decided to experiment with making her<br />
own pads. “It is empowering in many ways to<br />
have full control of your own waste” she says<br />
apart from recounting the health benefits of<br />
natural cotton cloth pads. Women throw away<br />
an average of 125-150 kg of sanitary pads in<br />
their menstruating life. If every one of the 300<br />
million women of menstruating age in India<br />
used pads this would mean an estimated 58,500<br />
million pads that end<br />
up in the landfill every<br />
year. “Also, if you<br />
are squeamish about<br />
taking charge of your<br />
own waste disposal<br />
imagine how terrible<br />
it must be for a waste<br />
picker to take charge<br />
of someone else’s<br />
garbage” she says.<br />
“My real passion<br />
is women’s<br />
empowerment<br />
and integral rural<br />
development” states<br />
30 | <strong>August</strong> <strong>2015</strong>
Walkling. So moving<br />
from just making pads<br />
for personal use, she<br />
began experimenting<br />
with designs and<br />
started producing<br />
them for other<br />
women in Auroville,<br />
Puducherry as well as<br />
for friends overseas<br />
who were inspired to<br />
sell the products in<br />
their own countries.<br />
Without really trying,<br />
she stumbled into<br />
entrepreneurship along<br />
with Jessamijn Miedema who had herself<br />
been part of several large scale livelihood<br />
projects and was inspired by the idea of women<br />
supporting women in a producer-consumer<br />
relationship. With the help of local women selfhelp<br />
groups, Ecofemme today<br />
exports the cloth pads to<br />
over 14 countries all over the<br />
world. “Profits from the sales<br />
help sustain our educational<br />
outreach programme in rural<br />
communities and enable us<br />
to give pads at a subsidized<br />
rate to economically<br />
disadvantaged women”, she<br />
states.<br />
This all woman team has<br />
grown over time and today<br />
Ecofemme has 18 dedicated<br />
members dealing with<br />
production, marketing, gifting etc. The product<br />
line has also grown to suit different needs. The<br />
foldable pads at first sight can pass off for a<br />
piece of cloth while drying on the clothesline, a<br />
feature that was important to some consumers.<br />
The other pad looks like a regular sanitary pad<br />
“The main<br />
reason for using<br />
disposable sanitary<br />
pads is that we<br />
value convenience<br />
over<br />
environmental,<br />
health, and<br />
economic value”<br />
with buttons to hold it<br />
in place for women who<br />
prioritised body fit.<br />
The business provides<br />
employment to local<br />
women, who after the<br />
initial training work on<br />
their own, enabling<br />
them to carry on with<br />
their everyday chores as<br />
well. Even if one were to<br />
discount the environment<br />
end economics, what<br />
about personal health?<br />
Do you know what is<br />
in your sanitary pads?<br />
Categorised as medical devices, sanitary pads<br />
need not have labels that tell you about all<br />
that they contain. So what you do not know is<br />
that you are exposed to dangerous chemicals<br />
which are there to enhance the appearance<br />
and performance of the pad.<br />
Feminine hygiene products<br />
are made primarily from rayon,<br />
viscose, and cellulose wood fluff<br />
pulp. They have plastics and<br />
gels to ensure that they do not<br />
leak. These chemicals have been<br />
linked to many illnesses including<br />
cancers and hormonal disruptions.<br />
“If it is good for the body,<br />
good for the planet and good<br />
for the dignity of others, why<br />
would you not want to adopt<br />
it?” asks Walkling. The creators<br />
of Ecofemme certainly need not<br />
pad up their claims. Chalk one up to economic,<br />
planetary and personal health!<br />
| <strong>August</strong> <strong>2015</strong><br />
31
BY INVITATION<br />
HAVING IT ALL?<br />
Sayali Shende is a Corporate Trainer and<br />
Founder of Crackerjack, a training &<br />
development solutions company. She has<br />
rich and diverse experience with corporates<br />
and academia in USA and India. She is a<br />
professional brand strategist, a prolific writer<br />
and a blogger. She likes to write on a variety<br />
of subjects right from branding to emotional<br />
intelligence to women empowerment.<br />
Women and multitasking have long<br />
been mentioned in the same breath<br />
and with good reason. We cook,<br />
clean, go to office, get the children to study,<br />
run errands, pay utility bills and generally do<br />
it all. We lead successful careers, are excellent<br />
wives, daughters, mothers, daughters-in-law,<br />
sisters, counsellors, next door neighbours<br />
and faithful friends. Sure, we get lauded for it<br />
too. We all have read odes composed on us,<br />
admiring us for our superwomen capabilities.<br />
On an average each woman receives at<br />
least 4 such messages, more from men than<br />
women, reminding her, that she is a wonderful<br />
creation of God, without her the world would<br />
stop existing and how she completes a man’s<br />
world. Not that women get impacted by these<br />
rave reviews from their better halves, nor does<br />
it stop them from achieving super human<br />
feats, day in and day out! A stressful day for a<br />
man is just another routine day for a woman.<br />
But where are we going with all this? In an<br />
age where technology is supposed to make<br />
our lives easier and more convenient, bring<br />
our loved ones closer and give us time to sit<br />
back and relax with a book and a hot cuppa<br />
steaming coffee, do you ever wonder when<br />
was the last time you did just that? Caught<br />
up with a friend, giggled like a silly school girl<br />
and went ballistic over a half eaten chocolate?<br />
I bet every woman out there is the<br />
uncrowned Multitasking Queen. We are<br />
so good at it that women have begun to<br />
symbolize this apparently lofty achievement.<br />
What is true in our personal lives is true in<br />
our work/professional lives as well. We are<br />
multitasking on multiple projects. In several<br />
organizations because of agile technologies,<br />
customer demands and rapidly changing<br />
trends, multiple projects are on the floor at<br />
the same time. We have to please them all,<br />
32 | <strong>August</strong> <strong>2015</strong>
the biggest customer being our boss.<br />
Multitasking appears to save us precious<br />
time and to do what we always want to do,<br />
relax and destress. But pause for a moment<br />
and think, does multitasking<br />
indeed get the job done?<br />
Israeli physicist Dr<br />
Eliyahu Goldratt in his path<br />
breaking book Critical<br />
Chain proves otherwise.<br />
According to his study,<br />
multitasking wastes<br />
time instead of saving it.<br />
Through a very interesting<br />
demonstration he proves<br />
that multitasking erodes<br />
the quality of work, takes<br />
more time to complete a task and in fact<br />
leaves you with no room to breathe. Result?<br />
More work, more stress and perennially<br />
being behind the deadlines and so more<br />
multitasking! Before you know, it’s a vicious<br />
loop you are in.<br />
“Through a<br />
very interesting<br />
demonstration he<br />
proves that multitasking<br />
erodes the quality of<br />
work, takes more time<br />
to complete a task and<br />
in fact leave you with no<br />
room to breathe”<br />
So what do we do now? Simple, it’s time to<br />
start Monotasking. Monotasking is the ability<br />
to focus on one activity, complete it and then<br />
move on to the next. This will enhance the<br />
quality of the task, get it done in optimum<br />
time and the best is, leave<br />
you feeling happy about it.<br />
Be the woman who<br />
is smart, sassy, and a<br />
monotasker. Think MONO,<br />
think TIME. It will let you<br />
escape to that spa whose<br />
doors you haven’t entered<br />
since you got married,<br />
exercise, which you never<br />
did since you started<br />
working, or better still catch<br />
up with your children, whom<br />
you never met peacefully since they arrived in<br />
this world. Want to do it all? Do it now, stop<br />
multitasking, start monotasking, Slow down<br />
and get a life, woman!<br />
crackerjackco<br />
| <strong>August</strong> <strong>2015</strong><br />
33
TRAVELUST<br />
NO BOUNDARIES<br />
BY SMRITI SINHA<br />
is like riding a bike”, says<br />
Navneeta Joshi. “When you ride<br />
“Life<br />
a two-wheeler, the trick lies in<br />
continuing to move. The moment you stop, you<br />
fall. So is with life”, she adds.<br />
What makes a woman want to ride a bike?<br />
“And what stops a woman from wanting to?”<br />
asks Navneeta.<br />
In our society,<br />
there is so<br />
much that has<br />
been forced<br />
onto women<br />
for so long that<br />
we have come<br />
to accept it.<br />
For instance,<br />
riding a bike<br />
is still very<br />
much a ‘boy<br />
thing’. Gearless<br />
scooters have<br />
been accepted as a popular and cheap mode<br />
of conveyance for women, not 500cc bikes for<br />
sure!<br />
Look at all the ads on bikes and you would<br />
know what we are talking about. It is so<br />
stereotypical to see a woman riding pillion that<br />
it makes us cringe now. That’s why it is almost<br />
refreshing to see women riders like Navneeta<br />
for whom riding constitutes a huge part of their<br />
lives. Also refreshing is her attitude towards it.<br />
She doesn’t ride just because she can; she rides<br />
because she wants to. Not a surprise that her<br />
pet name Nobo stands for No Boundaries!<br />
Navneeta has been riding for more than<br />
twelve years now. Her first bike was a Yamaha<br />
RX 100. Now she rides a Royal Enfield 500cc,<br />
which is what ‘serious<br />
riders’ choose. Taking<br />
time out of her full<br />
time job at a leading<br />
MNC in Gurgaon, she<br />
usually makes two trips<br />
every year. Navneeta<br />
prefers riding in a<br />
group when she sets<br />
off on one of her long<br />
trips. Navneeta has a<br />
group of bike riders<br />
who do trips together.<br />
“Sometimes you are<br />
in such a treacherous<br />
terrain that it’s comforting to know that if you<br />
skid, help is at hand”, says Navneeta.<br />
She recalls how during one such trip to Shoja<br />
Valley (Himachal Pradesh) in 2013, the road was<br />
covered in black ice. It was -3 degC and the<br />
engines wouldn’t start. To add to their woes,<br />
they had about 700 kms to cover in a day as<br />
most of them were joining their offices the next<br />
day. So the group decided that whoever slipped<br />
34 | <strong>August</strong> <strong>2015</strong>
on the road would honk and continue to do so<br />
because the sound would echo and one of them<br />
was bound to hear. As luck would have it, one<br />
guy fell but on the other side of the horn. So<br />
he couldn’t honk as had been decided. And he<br />
was recovering from a hand injury so couldn’t<br />
do much for himself either. Thankfully, the group<br />
had conducted a headcount and knew who was<br />
missing. Navneeta rode back, helped her friend<br />
up and they carried on.<br />
of elbow- and knee-pads and helmets, they are<br />
lugging big backpacks and all kinds of things<br />
they might need in case their machines need a<br />
quick fix. Like common electrical wire comes in<br />
handy if the clutch wire breaks. You may not be<br />
able to speed but it is good enough to take you<br />
the nearest garage which may be hundreds of<br />
miles away. “That’s another thing riders know.<br />
We know our machines and also how to fix<br />
minor glitches”, says Navneeta.<br />
Navneeta even found the love of her life,<br />
Nilesh, on one such trip. This ‘rider’ duo had<br />
bikes on their big day as well; the groom<br />
reached the venue on his bike and his bride<br />
rode pillion after<br />
the ceremony. The<br />
bridal finery stopped<br />
Navneeta from riding<br />
her own bike, she tells<br />
us.<br />
That makes us<br />
wonder, how does a<br />
woman rider cope with<br />
the stares and gawks that<br />
she would invariably invite from other roadusers?<br />
“See, a woman riding a bike could be<br />
an alien alighting from a UFO. So cat-calls or<br />
someone overtaking you for the sake of it are a<br />
given. But serious riders don’t do any of that”,<br />
shares Navneeta.<br />
It was another trip last year December with<br />
her husband, 500-odd kms from Delhi to a<br />
village on the Indo-Nepal border, Bilai, where<br />
Navneeta woke up to some very harsh realities<br />
of life. The small hamlet near Moradabad, with<br />
200 or so people, didn’t have basic amenities,<br />
like a primary school. It moved the couple so<br />
much that they adopted the village and started<br />
a small school there.<br />
But for riders like<br />
Navneeta, riding a bike is<br />
way more relaxing than<br />
driving a car. In a car, you<br />
are cocooned.<br />
For a bigger problem with the bike, she<br />
needs to visit a mechanic and that is something<br />
she doesn’t relish, even after all these years.<br />
Navneeta says she is yet to meet a mechanic<br />
who would take her<br />
seriously. “They’d rather<br />
take me for a ride. I rode in,<br />
didn’t I? So, I should know<br />
what I am talking about<br />
and yet they prefer arguing<br />
with me, telling me how I<br />
can be so sure about what’s<br />
wrong…” she rues.<br />
Women riders are still a rarity<br />
in India and we are yet to see them crowding<br />
our roads. But for riders like Navneeta, riding a<br />
bike is way more relaxing than driving a car. In a<br />
car, you are cocooned. On a bike, you can turn<br />
your head, look around and enjoy being a part<br />
of the scenery unfolding before your eyes, she<br />
adds.<br />
As Dr Seus said<br />
“You’re off to Great Places!<br />
Today is your day!<br />
Your mountain is waiting,<br />
So... get on your way!”<br />
Navneeta is already planning her next trip<br />
to Uttaranchal where she wants to visit a cave<br />
temple, Bhadrakali. Have bike, will ride!<br />
Navneeta mentions that riders carry a lot of<br />
weight, literally. Apart from their protective gear<br />
NoboneetaJoshi<br />
| <strong>August</strong> <strong>2015</strong><br />
35
36 | <strong>August</strong> <strong>2015</strong>
STARTUP SMART<br />
FUNDING YOUR DREAMS<br />
BY NEETU RALHAN<br />
The Indian startup ecosystem is growing at a<br />
scorching pace. According to data compiled<br />
by YourStory, In the first half of this year, Indian<br />
startups have raised $3.5B funding and the<br />
number of deals in Q2 <strong>2015</strong> has increased by<br />
50% from the previous quarter. Another online<br />
report indicates that close to<br />
90 Indian startups raised<br />
funds from various sources<br />
in June <strong>2015</strong> alone.<br />
In spite of the<br />
encouraging aggregate<br />
numbers, only a fraction<br />
of this capital has been<br />
allocated to women-led<br />
ventures. The Dell Women’s<br />
Global Entrepreneurship Study that surveyed<br />
women entrepreneurs across India, the<br />
U.S. and the U.K. found that securing funds<br />
remains a challenge for a majority of women<br />
entrepreneurs across these geographies. While<br />
Indian women startup entrepreneurs cited angel<br />
investment as the easiest source of funding,<br />
personal savings and informal loans from friends<br />
and family were seen as the main source of<br />
startup capital for those interviewed.<br />
“…The difference between funding issues<br />
between them and male entrepreneurs is<br />
that they have issues even in approaching for<br />
funding,” observed Dell’s Chief Marketing<br />
Officer Karen Quintos.<br />
“The difference<br />
between funding issues<br />
between them and male<br />
entrepreneurs is that<br />
they have issues even in<br />
approaching for funding”<br />
“I have seen it’s more our mindset that holds<br />
us women back than the lack of opportunities.<br />
Indeed funding is not gender-specific and<br />
investors are not looking for only male-founded<br />
startups. It’s just that women have a tendency<br />
to underestimate themselves, and thus end<br />
up restricting their own<br />
potential”, says Bhawna<br />
Agarwal, award-winning<br />
Serial Entrepreneur, Startup<br />
Mentor, and CEO, Luxury<br />
Retail Services Pvt. Ltd.<br />
Bhawna has been very<br />
active in the Indian startup<br />
ecosystem for over sixteen<br />
years and is an Advisory<br />
Board Member to a number<br />
of ventures.<br />
So where does someone get funding from?<br />
There are multiple funding avenues available<br />
to startups today and many small and mediumsized<br />
businesses are thriving on these.<br />
VENTURE CAPITAL is one of the most<br />
media glorified sources of funding. A venture<br />
capitalist or VC is a professional investor<br />
(individual or firm) who puts money in a<br />
startup as a business investment and seeks<br />
substantial returns on investment, along with<br />
key involvement in strategic planning. Because<br />
| <strong>August</strong> <strong>2015</strong><br />
37
STARTUP SMART<br />
VCs want your business to be profitable,<br />
they provide all the support you need to<br />
get to the top and stay there. SAIF Partners,<br />
Sequoia Capital, Nexus Venture Partners and<br />
Kalaari Capital are some of the several VC<br />
firms currently active in India. In May last year,<br />
Embibe, an online test prep startup by Aditi<br />
Avasthi,<br />
raised $4<br />
million from<br />
Kalaari<br />
Capital and<br />
Mumbaibased<br />
VC<br />
fund Lightbox<br />
Ventures.<br />
opportunity to get your idea funded directly<br />
by the public or a group of people. However,<br />
this mode of startup funding is still at a nascent<br />
stage in India. Some popular crowd funding<br />
sites are Wishberry, Catapooolt, Indiegogo and<br />
PikaVenture. A two-year old startup company,<br />
RHL Vision, raised about 77 lacs in 2014 in just<br />
43 days<br />
through<br />
Angel<br />
investing is<br />
catching very<br />
rapidly across<br />
sectors. An<br />
angel investor<br />
lends his or<br />
her personal<br />
capital to<br />
a promising<br />
business in exchange for equity (stake in<br />
ownership). Compared with venture capital, an<br />
angel investment may come with less stringent<br />
terms and conditions, and is often a source for<br />
initial stage funding (seed funding). The Indian<br />
Angel Network is amongst the prominent and<br />
leading platforms that connect an investor to a<br />
venture. Urban Tailor, co-founded by Lavanya<br />
Venkatraman in <strong>2015</strong>, received an undisclosed<br />
amount of seed funding from a group of angel<br />
investors this July.<br />
CROWD FUNDING is one of the<br />
upcoming ways of funding one’s venture.<br />
A crowdfunding platform gives you the<br />
crowdfunding<br />
site Indiegogo from people across the world.<br />
BANK LOANS work for companies that<br />
are just starting out and testing waters. Most<br />
Indian and foreign banks provide startup loans<br />
to women especially in the Micro and SME<br />
space. The Bharatiya Mahila Bank, which is also<br />
the country’s first women’s bank, now provides<br />
collateral-free loans for up to Rs.1 crore to<br />
women entrepreneurs.<br />
There are some pros and cons of each method<br />
of funding. “Banks often have stringent criteria<br />
that your business must fulfil to be able to<br />
secure a loan. Furthermore, angels and VCs<br />
also act as mentors for startups, and add value<br />
38 | <strong>August</strong> <strong>2015</strong>
STARTUP SMART<br />
with their expertise and experience. Perhaps<br />
that explains why new entrepreneurs prefer to<br />
raise capital from these<br />
sources, even though it<br />
means a certain loss of<br />
autonomy over how you<br />
run the business,” says<br />
Saswat Mishra, AVP, SMC<br />
Investments and Advisors<br />
Pvt. Ltd, a leading<br />
financial services company<br />
headquartered in New<br />
Delhi.<br />
Many first-generation startup entrepreneurs,<br />
for example, Flipkart founders Sachin and<br />
Binny Bansal, and Paytm founder Vijay Shekhar<br />
Sharma, have taken to mentoring innovative<br />
startups, providing financial as well as strategic<br />
support. Noted industrialist Ratan Tata has<br />
invested his personal funds in several startups,<br />
the most recent one being Nidhi Agarwal’s e-tail<br />
fashion portal Kaaryah. Bhawna thinks that it is<br />
imperative that women shed their inhibitions<br />
and reach out to mentors, industry advisors,<br />
incubators, and startup accelerators. She<br />
strongly believes that associating with industry<br />
experts gives one strategic insights which are as<br />
valuable for a startup as is the funding.<br />
She strongly believes that<br />
associating with industry<br />
experts gives strategic<br />
insights which are as<br />
valuable for a startup as is<br />
the funding.<br />
“We’ve seen some highly successful big game<br />
Indian startups with women as co-founders<br />
or key employees, but<br />
fewer with women at the<br />
helm. With recent success<br />
stories such as Zivame,<br />
Limeroad, CashKaro and<br />
MobiKwik, in the next five<br />
years we will hopefully see<br />
more and more women<br />
entrepreneurs become<br />
‘pro-funding’ and make<br />
the most of the growth<br />
opportunities available to them,” concludes<br />
Bhawna. The long-awaited arrival of womenonly<br />
venture capital funds and angel networks<br />
would be a definite boost in this direction. And<br />
we hear they’ll be here soon!`<br />
Today there are numerous online resources<br />
you can access for information on current<br />
funding trends, which investors to approach,<br />
and how to make a winning pitch. Every<br />
interaction, even a rejection, brings a fresh<br />
perspective. Moneyed investors are always<br />
scouring the startup world for the next big<br />
thing. If you believe in your idea, and if you are<br />
serious about growing your business, go out<br />
and share it with those who can help you scale.<br />
The key here is to show up and be persistent.<br />
A worthy proposition is bound to get someone<br />
interested sooner or later.<br />
| <strong>August</strong> <strong>2015</strong><br />
39
STARTUP SMART<br />
LEGAL ANGLE<br />
Mr Manoj Wad is a leading Corporate Lawyer<br />
and Partner at J S Wad & Company. In his career<br />
spanning 27 years, he has practised in the<br />
Supreme Court and is on the legal advisory board<br />
of leading Multinational and Indian companies.<br />
He specialises in consulting startups and has<br />
advised them through many a legal challenges.<br />
When an entrepreneur decides to start<br />
a venture, there are many things<br />
buzzing in her head. Product or<br />
Service Quality, Marketing,<br />
Branding, Financial Planning<br />
and more. Usually, the legal<br />
angle is not given due<br />
thought because most<br />
start ups are busy starting<br />
up and want to focus on<br />
what they think is a mustdo.<br />
But It is imperative that<br />
new ventures proactively<br />
understand the areas they<br />
should do due diligence<br />
in because the result of<br />
not doing it might cause<br />
potential litigations.<br />
One of the first areas I<br />
would urge startups or new ventures to focus<br />
on is about choosing a business partner. By far<br />
the most important but ignored issue is that of<br />
finding the right business partner. It is a cliché<br />
that one should do<br />
business with the<br />
“like minded”. The<br />
point really is that<br />
in a country of such<br />
cultural diversity as<br />
ours, it is only logical<br />
to expect that the<br />
first generation<br />
entrepreneurs<br />
would bring to the<br />
business table, the<br />
reflection of their<br />
social backgrounds<br />
and therefore<br />
work cultures. In<br />
my experience in<br />
handling multitudes of cases for Startups and<br />
Litigation of any kind is<br />
a huge drain both on the<br />
personal and the corporate<br />
finance, apart from being<br />
a huge emotional drain,<br />
depriving the parties<br />
of valuable time and<br />
energy that could have<br />
been deployed more<br />
constructively in business.<br />
40 | <strong>August</strong> <strong>2015</strong>
STARTUP SMART<br />
SMEs, the legal tangles can even lead to survival<br />
challenges to many a venture.<br />
I would advise every startup entrepreneur to<br />
ask these fundamental questions to herself while<br />
choosing a partner.<br />
1. Does my prospective partner share my vision<br />
of growth of this business ?<br />
2. What is my partners family, social, and<br />
financial background ?<br />
3. Have I made some enquiry about my<br />
partner’s interaction with his/her colleagues<br />
either as co-employee or as erstwhile<br />
business partner ?<br />
4. Does my partner understand the concept of<br />
sanctity of a written contract in the context<br />
of avoiding friction and disagreements in the<br />
future ?<br />
5. Does my partner agree that world over,<br />
one of the pillars of successful businesses is<br />
effective and timely advice from qualified and<br />
experienced professionals ?<br />
6. How important is it to my partner that<br />
there should be complete transparency<br />
between the partners and a hundred percent<br />
compliance with ALL applicable laws ?<br />
The National Company Law Tribunal (<br />
NCLT), was a court created in 1988 to take<br />
over the specific and limited jurisdiction of<br />
the High Court to deal with disputes between<br />
shareholders or partners of a company. A<br />
Rs.100 crore company died a slow painful death<br />
because of such a litigation and because the<br />
co-shareholders could not settle their disputes<br />
even though they were from the same extended<br />
family. ‘Business ethics’ are far from evenly<br />
distributed even amongst people related<br />
to each other. An overwhelming majority of<br />
the disputes could have been avoided if the<br />
partners had asked themselves the questions<br />
listed above.<br />
The importance of the questions above<br />
get magnified when one is looking to doing<br />
business within the ‘family’. Given the emotional<br />
undercurrents in a litigation involving family,<br />
amicable resolutions in such cases have been<br />
rare to come by.<br />
Litigation of any kind is a huge drain both<br />
on personal and corporate finance, apart from<br />
being a huge emotional drain, depriving the<br />
parties of valuable time and energy that could<br />
have been deployed more constructively in<br />
business. So a positive start in getting the ‘right’<br />
person to partner with you could go a long way<br />
in shaping your dream venture.<br />
manojwad@jswad.in<br />
| <strong>August</strong> <strong>2015</strong><br />
41
STARTUP SMART<br />
THE NETWORK<br />
WITH A DIFFERENCE<br />
You utter the word ‘Networking’ in a<br />
room full of women and you can see<br />
many, if not most, of them cringing. For<br />
some it conjures up images<br />
of being thrown in the deep<br />
waters without having learnt<br />
to swim well. For others, it is<br />
a necessary evil because all<br />
leadership lessons classify it<br />
as a success mantra. Some<br />
view it as a professionalized<br />
kitty party.<br />
But as an African proverb<br />
aptly puts it, ‘If you want<br />
to go fast, go alone. If you<br />
want to go far, go with<br />
others’. For those women<br />
who venture out to start<br />
new businesses, business networking becomes<br />
mission critical. Knowing more people, getting<br />
clients, learning from other entrepreneurs is a<br />
basic for survival.<br />
However, studies & surveys have shown<br />
that many women do not like to be seen as<br />
Most networking<br />
groups also tend to<br />
be ‘old boys’ focused<br />
where the men of the<br />
group huddle together<br />
and a woman is often<br />
left wondering on<br />
how to approach such<br />
closed groups.<br />
‘selling’ or bragging about their business. They<br />
also feel uncomfortable in directly asking for<br />
leads or references. Most networking groups<br />
also tend to be ‘old boys’<br />
focused where the men of<br />
the group huddle together<br />
and a woman is often<br />
left wondering on how<br />
to approach such closed<br />
groups. And one common<br />
fear that women have is of<br />
not wanting to be seen as<br />
‘pushy’ or ‘gatecrasher’.<br />
But here is an organization<br />
with a difference.<br />
Networking no longer<br />
need be daunting or<br />
a nightmare. Business<br />
Network International (BNI)<br />
was founded in 1985 by Dr Ivan Misner. Called<br />
the ‘Father of Modern Networking’ by CNN<br />
and one of the ‘Top Networking Experts to<br />
Watch’ by Forbes, Dr. Misner is considered<br />
one of the world’s leading experts on business<br />
networking. BNI now has over 7,000 chapters<br />
throughout every populated continent of the<br />
42 | <strong>August</strong> <strong>2015</strong>
STARTUP SMART<br />
world. Claimed to be the largest business<br />
networking organization in the world, BNI has<br />
its presence in 63 countries with member base<br />
of around 1,83,000 members.<br />
What makes BNI different? The mission of<br />
BNI is to help members increase their business<br />
through a structured, positive, and professional<br />
‘word-of-mouth’ program that enables them to<br />
develop long-term, meaningful relationships.<br />
The philosophy of this organization is built<br />
upon the idea of “Givers Gain®”: By giving<br />
business to others, you will get business in<br />
return. This is predicated on the age-old idea<br />
of ‘What goes around, comes around’.<br />
has had a long term impact on both the quality<br />
as well as quantity of business generated. The<br />
immediate effect of increasing our visibility<br />
and translating that into business was the<br />
easiest and measurable part of it. We received<br />
over 40 lacs of business in the first year of our<br />
joining itself”.<br />
Belonging to BNI is like having dozens of<br />
sales people working for you. If a person in<br />
your network meets someone who could use<br />
your products or services, they recommend<br />
you. BNI provides a structured and supportive<br />
system of giving and receiving business. It does<br />
so by providing an environment in which you<br />
develop personal relationships with dozens<br />
of other qualified business professionals. By<br />
establishing this ‘formal’ relationship with<br />
other people, you will have the opportunity to<br />
substantially increase your business.<br />
BNI conducts its network events in a very<br />
structured and professional way and makes<br />
optimal use of the members’ time and is<br />
focused on business growth. The business<br />
exchanged between members is tracked and<br />
reported through accounting systems. The<br />
success of a chapter and the network depends<br />
on the business generated by the chapter<br />
members for each other.<br />
In her testimonial of how BNI India has<br />
shaped her success, Poonam Bhat, Cross<br />
Global Travels, Bangalore says, “Joining BNI<br />
was easily the one decision that I made, that<br />
BNI India is one of the leading countries<br />
in the BNI fraternity. Bharat Daga, Executive<br />
Director of the world’s top region, Pune East,<br />
proudly says, “women entrepreneurs are an<br />
important part of BNI and we recognise that<br />
women are in fact better networkers and we<br />
have much to learn from them. <strong>At</strong> BNI, we<br />
have got rid of barriers women typically face<br />
in networking with our well defined structure<br />
and policies and we see our lady entrepreneur<br />
members leading the way ”. BNI provides<br />
training on how to network more effectively<br />
and build a referral marketing system. They are<br />
keen to learn and BNI provides the know how.<br />
| <strong>August</strong> <strong>2015</strong><br />
43
STARTUP SMART<br />
BNI conducts special events to invite<br />
business women to have a<br />
first-hand experience of the<br />
network chapter. Over the<br />
last one year, there has been<br />
a steady rise of women in<br />
various chapters because<br />
the spread and reach of BNI<br />
and its highly focused and<br />
systematic way of working<br />
makes it a very conducive<br />
network for women who<br />
prefer a professional and<br />
secure ecosystem for<br />
networking.<br />
Kavita Shah, owner of<br />
House Of Ideas, a customised handicraft<br />
venture and member of BNI Champs, Pune<br />
East, has had very positive experiences. “When<br />
I moved from Bangalore to Pune, I didn’t<br />
have to go far to start off in a completely new<br />
city. Being a part of BNI is like having a large<br />
group of family and friends across cities and<br />
countries. Its not just about business. We help<br />
<strong>At</strong> BNI, we have got<br />
rid of barriers women<br />
typically face in<br />
networking with our<br />
well defined structure<br />
and policies and we see<br />
our lady entrepreneur<br />
members leading the<br />
way<br />
each other even at personal levels. The sense<br />
of security and trust in<br />
networking is key for any<br />
woman entrepreneur”.<br />
Dr Ivan Misner, Founder<br />
BNI, drives home the point<br />
when he says, “Networking<br />
is more about ‘farming’<br />
than ‘hunting’. It is about<br />
cultivating relationships”.<br />
Here is an organisation<br />
that believes that business<br />
growth is built on<br />
relationships and mutual<br />
trust and is not a predatory<br />
mission. And isn’t that just<br />
what women need!<br />
www.bni-india.com<br />
44 | <strong>August</strong> <strong>2015</strong>
LIFE IS FUN<br />
BY SMRITI SINHA<br />
We spend our lives working towards<br />
that first job, as if it will be the last<br />
hurdle in our life. Little do we know<br />
that a job in a bigger city is just the beginning<br />
of a steeple-chase, if you will.<br />
I remember my first job interview over a<br />
decade ago. A newspaper was hiring and I<br />
was one of the chosen few for Delhi. With an<br />
offer letter in hand I felt invincible. It didn’t<br />
take long for the reality to<br />
sink in, that a job also meant<br />
leaving the college hostel<br />
and finding a hovel of my<br />
own.<br />
My parents thought<br />
it would be safe if I<br />
was put in a working<br />
women’s hostel. I<br />
had had enough of<br />
hostel-food and didn’t<br />
want any more of it, I<br />
complained. Did I have a better option, I was<br />
asked. So we turned up at one of the best<br />
working women’s hostels in town. It was all<br />
hunky-dory till the Warden burst my bubble<br />
with, “The gates close at 8 pm sharp and<br />
are reopened at 6 am.” <strong>At</strong> which my parents<br />
pointed out that every other week I would<br />
return around 3 am. “She could then sleep in<br />
her office for 3 hours and come here at 6!” the<br />
lady offered.<br />
ROOM WITH<br />
A VIEW<br />
Then I heard from a friend’s friend how an<br />
Aunty in the posh Hauz Khas Extension was<br />
letting out rooms to ‘paying guests’. The house<br />
was huge, with four rooms on the first floor,<br />
each to be shared between two girls. Each had<br />
an attached bathroom. With a common kitchen<br />
and a terraced garden, and the promise of<br />
three meals a day, what more could I ask for?<br />
And that was a grave<br />
mistake, as I was to learn.<br />
We were never called down<br />
for meals; in fact we tossed<br />
a coin as to who would go<br />
groveling for it. And even<br />
then, leftovers were dug<br />
out of the fridge and<br />
microwaved right before<br />
our eyes. When we<br />
got bread, it would be<br />
so stale it crumbled in<br />
our hands even before<br />
reaching our mouths.<br />
We were specifically instructed to call her<br />
Aunty in case we bumped into any of her<br />
guests. Just so we could keep up the charade<br />
of being her friends’ kids.<br />
She played her role to the hilt; so much so<br />
that she would borrow cosmetics or would get<br />
one of my flat mates to pluck her eyebrows.<br />
Our next option was to look for a small flat<br />
on rent. Most of them were either too far or<br />
too small or both. Coming from Lucknow,<br />
the city of Nawabs, it was beneath me to<br />
live in a pigeonhole passing off for a 2-room<br />
apartment.<br />
She also never took the rent through cheque.<br />
We paid in cash and got no receipts. One<br />
month at Aunty’s and those pigeon holes near<br />
office started looking like luxury apartments.<br />
I moved out in another fortnight. How the<br />
mighty fall!<br />
| <strong>August</strong> <strong>2015</strong><br />
45
PROFESSIONS ON THE TABLE<br />
MEDIA REPORTER<br />
With myriads of channels on air, electronic media continues to be a hot<br />
favourite amongst those who like to face the camera. The profession of a<br />
Correspondent or TV Reporter is seen as a glamorous and exciting career<br />
for those interested in the medium. We speak with Liza Roy, one of the<br />
leading Correspondents with the Zee group of channels, who gives us an<br />
inside out account of the profession.<br />
How does one get into this<br />
profession? Are there any<br />
essential qualifications?<br />
To get into any form of media,<br />
especially electronic or print, you need<br />
to be qualified in mass communication<br />
and journalism at a graduate level. You could<br />
pursue masters and other<br />
specialised courses post<br />
your primary degree. These<br />
courses are available at<br />
most leading national and<br />
international universities.<br />
What is the<br />
primary role of a<br />
correspondent?<br />
A correspondent is<br />
essentially responsible for finding out<br />
newsworthy incidents or happenings<br />
in her given area and then creating an<br />
interesting or compelling story of the incident.<br />
How does a correspondent<br />
work on a day-to-day?<br />
When I started my career with a media<br />
giant in Kolkata, I was assigned a<br />
geographical area. I had to slowly<br />
build my network of information sources over<br />
a period of time and maintain good relations<br />
with those<br />
people<br />
so I could<br />
get news<br />
about an<br />
incident or<br />
occurrence<br />
as close to<br />
real time.<br />
When I<br />
moved from<br />
Kolkata to<br />
Mumbai to work for Zee, I had to start all over<br />
again. Given that I had a larger area, I had to<br />
smartly ensure that my team and I cultivate the<br />
right information network. You have to have<br />
46 | <strong>August</strong> <strong>2015</strong>
your ears and feet on the ground, always!<br />
Who should get into this kind<br />
of a profession?<br />
First, you should be articulate in<br />
the language of the channel and be<br />
able to present news or stories in an<br />
interesting manner. You should also have the<br />
confidence to speak in public.<br />
You need to very<br />
passionate about media.<br />
It is a 24 by 7 job and<br />
doesn’t have fixed hours.<br />
You could be on your way<br />
home after a story and<br />
then suddenly you might<br />
get a call about another<br />
coverage you need to<br />
do on a breaking story.<br />
So you have to be ready<br />
to roll anytime of the<br />
day and night. When I<br />
was covering the 26/11<br />
Mumbai attacks, I was reporting for more than<br />
72 hours at a stretch.<br />
Many people tend to perceive<br />
this as a glamorous profession.<br />
Well, there is of course the element<br />
of glamour and entertainment in<br />
a job like this. You get to meet<br />
and interview celebrities and top notch<br />
entertainment professionals. Also because<br />
you are on TV screens reporting news, a lot<br />
of people recognise you. Recognition means<br />
a lot to many people. But all stories are not<br />
about entertainment. Crime, unpleasant<br />
incidents, natural catastrophes like floods,<br />
earthquakes also make for news. So one has<br />
to be open to covering all segments as a<br />
correspondent. Over time, you might find<br />
You could be on<br />
your way home after<br />
a story and then<br />
suddenly you might<br />
get a call about<br />
another coverage<br />
you need to do on a<br />
breaking story.<br />
your niche’ but for many years till then, it is<br />
going to be broader coverage.<br />
What is your advice to<br />
budding women professionals<br />
in this field?<br />
Over the years, I have seen many<br />
women entering this field. But few<br />
stay on. While unpredictable hours of<br />
work are a key reason which impact women<br />
with small children, many<br />
women are also unable to<br />
take the stress of being alert<br />
24 by 7. So if you love the<br />
adrenalin rush of a story,<br />
want to give your viewers<br />
newsworthy bytes and don’t<br />
mind the erratic schedules,<br />
only then should you choose<br />
this line of work.<br />
Any learning<br />
tips for<br />
professionals?<br />
You need to have a nose for news.<br />
Don’t miss reading newspapers<br />
and digital media reports on a daily<br />
basis. There is a lot of preparation work<br />
required for a story. You also need to be a<br />
great teamplayer because you work with<br />
your crew to report any news. Every story<br />
is different and new. If you like doing new<br />
things everyday, this is the profession for<br />
you.<br />
| <strong>August</strong> <strong>2015</strong><br />
47
IN FOCUS<br />
MUMBAI<br />
Viira Cabs is a ladies taxi<br />
service with highly trained<br />
women chauffeurs Viira<br />
Cabs is an answer to the<br />
demand for door-to-door,<br />
safe, reliable and ecofriendly<br />
transport service<br />
in Mumbai. A Green Fleet<br />
Service for Women and by<br />
Women. Inclusion of women<br />
in transport services has<br />
a two-fold aspect – they<br />
provide a safe transport<br />
system for women and more<br />
significantly, provide an<br />
employment opportunity for<br />
women from low economic<br />
backgrounds.<br />
Courtesy : Viiracabs.com<br />
SAFETY<br />
ON<br />
WHEELS<br />
Courtesy: Rushlane<br />
THANE<br />
GWALIOR<br />
Tata Motors has partnered<br />
with Laxmibai Mahila<br />
Nagrik Sahakari Bank and<br />
SGS Motors in Gwalior to<br />
launch the Veerangana<br />
Express – an affordable,<br />
comfortable, convenient<br />
and safe cab service for<br />
women, by women in<br />
Gwalior. The Veerangana<br />
Express will use the Tata<br />
Magic IRIS for commuters<br />
who depend on threewheelers.<br />
Following a series of reports of sexual<br />
abuse of women, harassment, rude<br />
behaviour by male auto drivers,<br />
Mumbai Metropolitan Region<br />
Transport Authority (MMRTA) has<br />
sanctioned ladies special autos to<br />
Thane Transport Department. Initially<br />
50 auto rickshaws driven by women<br />
to ferry women commuters will be<br />
launched.<br />
KERALA<br />
She Taxi – an out-of-the-box innovative business<br />
model is re-engineered to enhance the safety<br />
parameters for the women populace. The<br />
overwhelming challenges facing women in<br />
society triggers an unprecedented demand<br />
for a safe environment for women. Unlike the<br />
existing conventional driving culture, She Taxis<br />
exhibit and promote ‘NextGen’ women driven<br />
entrepreneurship model; cabs owned and<br />
operated by women powered by holistic safety<br />
systems in place.<br />
Courtesy: Rushlane
#DESPITE BEING A WOMAN<br />
“I am happy that the prime minister of<br />
Bangladesh, despite being a woman, is<br />
openly saying that she has zero tolerance<br />
for terrorism. I would like to congratulate<br />
Sheikh Hasina for her courage to deal with<br />
terrorism with zero tolerance.”<br />
PM Narendra Modi at<br />
Dhaka University<br />
# DOWNHILL<br />
Rajendra Kumar Pachauri, who is<br />
facing sexual harassment changes, was<br />
removed as the chief of The Energy<br />
and Resources Institute (Teri), by the<br />
institution’s governing council.<br />
# WRONG SIDE<br />
A Mumbai court has for the second time<br />
rejected bail for Janhavi Gadkar, the lawyer<br />
who rammed her Audi car into an oncoming<br />
taxi while driving on the wrong side of the<br />
Eastern Freeway in an allegedly drunken state.<br />
The 35-year-old corporate lawyer has been<br />
booked for culpable homicide not amounting<br />
to murder, which carries a penalty up to 10<br />
years in prison.
NEWS MAKERS<br />
#TOUCHTHEPICKLE WINS<br />
MINDS AND HEARTS<br />
P&G India’s “Touch the Pickle” campaign for<br />
sanitary protection brand Whisper won at the<br />
Cannes Grand Prix this season. This series<br />
encourages women to defy tradition and<br />
taboos related to menstruation by touching<br />
the pickle jar literally and metaphorically.<br />
CREATING HISTORY<br />
Sania Mirza became the first woman tennis<br />
player from India to win the Wimbledon<br />
women’s doubles after she and her doubles<br />
partner Martina Hingis defeated the<br />
formidable Russian pairing of Ekaterina<br />
Makarova and Elena Vesnina at Wimbledon<br />
Centre Court<br />
#100 SAREEPACT<br />
The #100SareePact is a challenge that women<br />
are taking to wear 100 sarees in 365 days.<br />
This is a brainchild of Anju Kadam and Ally<br />
Matthan, two regular urban Indian women<br />
yearning to wear their sarees. A turn in the<br />
conversation about how their precious sarees<br />
lying in cupboards, unworn and unseen, led<br />
them to form the #100sareepact.<br />
CHART TOPPERS<br />
Women candidates bagged<br />
all the three top slots in the<br />
prestigious Civil Services<br />
examination.Ira Singhal<br />
topped the examination<br />
followed by Renu Raj and<br />
Nidhi Gupta, who secured<br />
second and<br />
third positions respectively,<br />
according to the results<br />
announced by UPSC.<br />
In the final chartered<br />
accountancy (CA)<br />
exam, Delhi girl Shailee<br />
Chaudhary stood first in the<br />
country with 75.75%, a position she shared<br />
with Rahul Aggarwal.<br />
50 | <strong>August</strong> <strong>2015</strong>
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