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www.womanatwork.in<br />

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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