Archive: March 1, 2022

Modern Architecture and Design: A View to the Future

by Mridu Sahai Partner at Studio Archohm

The world we live in is full of contradictions and challenges. It has its blessings and its boons.

The modern world has significant advancements in technology, medicine, and transport. But we are surrounded by excess everywhere – our population is exploding, there is an overabundance of visual mélange, things are overdesigned and overused, extra focus is on the excess, while the affluence is ostentatious, simultaneously there is the overconsumption of our spaces; to add to this, we have a habit of obsessively hoarding clothing and possessions and are indeed crumbling under all that clutter.

India needs a lifestyle and architecture diet.

We need to hold back in order to navigate through these unusual times. We need to become more resilient and more authentic in order to not get swayed by every fad that comes along. It is a good moment to look at what has stood the test of time. 

Modern Architecture is about Rationalized Decision Making

As contemporary Indian architects, we are deliberately designing spaces with sensory deprivation, as we feel that if we are able to provide that in our chaotic urban context, we have built a haven for our clients, a breather for the dwellers, a visual oasis for the city.

This modern and minimal architecture approach gives maximum power to the spatial quality of space making. It rejects decoration and promotes rationalized decision-making, making architecture long-lasting and versatile. And therefore, it is hard to do.

It may be unfathomable but to be restrained is tougher to practice than it seems. Simple rules apply in space making as they apply in living one’s life. To get rid of the excess and focus on the essential.

It is hard to choose. It doesn’t mean sacrificing things, but truly prioritizing them.

Modern Architecture is about Conscious Living

This focus makes us purposeful as we garner what is truly important to us, in Japanese organizing consultant Marie Kondo’s terms – “what sparks joy” and what doesn’t.

Yes, in Japan, you do have professional tidying experts because less is still more!

Simple and clear.  Less cluttered is more freedom.

Being minimal and simple is a state of mind, a way of living that add more meaning to one’s life – a true luxury, in today’s world of distractions and complexity.

On every project, we attempt to bring this notion of conscious living into architecture and design. We prioritize the ‘essence’ of space making and focus on light, volume, ventilation and materials. We choreograph a conversation between these tools to create meaningful relationships within the space, to reveal the innate character of architecture.

Contextualizing is perhaps the most important element of design. It dictates how one treats the space. From climate to site, design decisions are made in tandem with these vital elements to create purity in architecture.

One practices restraint. There is a certain austerity and ascetic quality in this approach. It requires courage and has almost become a luxury.  Luxury is conscious living. Luxury is the ultimate privacy. Luxury is collectibles – that tell a story. Luxury is originality. Luxury is about creating experiences.

If we want to live in the modern world, we must take the luxury of being able to live simply.

toothsi ropes in actress Nivetha Pethuraj for its latest digital campaign

Hyderabad, 1st March 2022: toothsi, India’s leading D2C brand specialized in providing affordable and invisible teeth aligners today announced the launch of their new digital advertising campaign on Clear Aligners featuring renowned South Indian actress Nivetha Pethuraj. toothsi has worked towards solving the problem of teeth misalignment and providing its users with an easy, contemporary, and affordable solution since its inception.

toothsi as a brand has always aimed to give its users the confidence to flaunt their desired smile and now the brand is all set to unite/pair up with the youthful and upbeat attitude of Nivetha in its latest campaign.

In this latest campaign, Nivetha engages and empathizes with the people who have inhibitions to smile openly due to teeth misalignment issues. Nivetha highlights the aesthetics of toothsi’s clear aligners that are affordable, invisible, convenient, and give the user comfort and confidence to smile freely. Through this campaign, the brand showcases its utility and importance in one’s life. toothsi is leveraging the campaign to explore and outreach the GenZ and Millenials in South India.

Shuchita Wadhwa, Head of Marketing, toothsi said, “We are extremely excited to have Nivetha on board for our latest campaign. With this collaboration, we intend to explore and reach the audience in South India. Nivetha, the young, vibrant, and talented actress resonates perfectly with the youthful brand like toothsi. The campaign serves as an opportunity for us to connect and build a strong brand presence with her fans and audience.”

Speaking on the collaboration Nivetha Pethuraj said, “Smile is the best make-up that anyone can wear. I am delighted to associate with toothsi, who aim to empower people by delivering their desired smile.”

Nivetha is one of the most popular actresses from the south industry who is known for her remarkable films like Oru Naal Koothu, Podhuvaga En Manasu Thangam, Mental Madhilo, Tik Tik Tik, Chitralahari, Brochevarevarura, and Ala Vaikunthapurramuloo. She is highly appreciated for her exceptional work and appealing persona. Over the years, Nivetha has made a mark in the south film industry by delivering some outstanding performances in over 25 films that has proved her dedication and commitment towards her passion.

Strong full year 2021 for Covestro

Covestro had the successful fiscal year 2021. The Group benefited from strong global demand and buoyant earnings in the year as a whole. Core volumes sold increased by 10 percent year on year, mainly due to additional volumes from the Resins & Functional Materials (RFM) business acquired from DSM. In particular, the rise in selling prices on the back of high demand meant that Group sales increased by 48.5 percent to EUR 15.9 billion (previous year: EUR 10.7 billion) – the highest ever level in Covestro’s history.

EBITDA more than doubled year over year and was EUR 3.1 billion in fiscal 2021 (previous year: EUR 1.5 billion), in particular as a result of far higher margins. Net income more than tripled year over year to EUR 1.6 billion (previous year: EUR 459 million), while the free operating cash flow (FOCF) was EUR 1.4 billion and likewise well up on the previous year’s figure of EUR 530 million. The return on capital employed (ROCE) grew to 19.5 percent (previous year: 7.0 percent).

“In the past year we successfully undertook further steps towards circular economy. Our very good results in fiscal 2021 underscore once more that we are on the right track with our new strategic setup,” said Dr. Markus Steilemann, CEO of Covestro. “Now we are taking the next steps on our path to a profitable and climate neutral future. After all, one thing is clear: Without our products, the Paris Agreement’s 1.5 degrees target cannot be achieved.” 

Ideally positioned: new strategy and Group structure, successful integration of RFM

After presenting its new strategy “Sustainable Future” in February 2021, Covestro achieved important milestones in implementing it in the course of the fiscal year. The strategy has customer centricity and sustainable growth at its core. As part of that, the Group restructured its organization in July 2021 and focused its businesses even more closely on the requirements of individual markets and on customers’ needs. Covestro has since been divided into the two reportable segments Performance Materials and Solutions & Specialties. Integration of the Resins & Functional Materials business acquired from DSM in the Solutions & Specialties segment is proceeding successfully. The company was thus already able to generate synergy effects of EUR 26 million, almost twice the figure originally anticipated for 2021. Covestro expects to generate permanent synergies totaling around EUR 120 million annually by 2025.

Record dividend: highest payout in the Group’s history

Given its very good performance in fiscal 2021, Covestro plans to propose a dividend of EUR 3.40 per share to the Annual General Meeting on April 21, 2022. That is equal to a payout ratio of 41 percent. Covestro redefined its dividend policy last fiscal year. It envisages a payout ratio between 35 and 55 percent of net income in order to create a stronger link to the Group’s overall business situation.

“We can look back on an extremely successful year marked by high demand. Not least, that is reflected in the fact that we were virtually sold out over large stretches of 2021,” said Dr. Thomas Toepfer, CFO of Covestro. “In the past year we have created the foundation for further sustainable growth with our new Group structure.” 

In light of the successful business development, Covestro’s Board of Management has also resolved on a share buyback program with a total volume of approximately EUR 500 million over the next two years. The repurchased shares are subsequently to be cancelled and the share capital is to be reduced accordingly. “Major acquisitions are not Covestro’s focus at the moment; instead, we believe investing in our own shares is the best investment,” Dr. Thomas Toepfer continued. “We are convinced of our company and want to create additional value for our shareholders.”

Covestro to become climate neutral: ambitious targets announced

Covestro is making systematic advances on its path to circular plastics production and has set bold climate targets. The Group is striving to become climate neutral and achieve net zero* emissions by 2035. On the path to achieving that, Covestro has already reduced its specific greenhouse gas emissions per metric ton of product produced by 54 percent in 2021 compared to 2005, achieving its sustainability target for 2025 already today.

Now, the company plans to cut greenhouse gas emissions from its own production operations (scope 1) and from external energy sources (scope 2) by 60 percent to 2.2 million metric tons by 2030. In the long run, Covestro aims to use renewable energies only, such as wind power and solar energy, as well as alternative raw materials such as biomass, waste, CO2 or hydrogen within its production processes. In addition, a reduction target for the long-term reduction of indirect greenhouse gas emissions from upstream and downstream processes in the value chain (scope 3) is to follow in 2023.

Investments in a circular future and sustainable growth

As a pioneer for a circular and climate neutral future, Covestro has been awarded ISCC PLUS mass balance certification for several of its production facilities. Further sites will also acquire it in the future alongside the certified sites in Antwerp (Belgium), Shanghai (China) and the German Lower Rhine locations at Leverkusen, Dormagen and Krefeld-Uerdingen. Covestro can offer its customers, for example, the rigid foam precursor MDI and the high-performance plastic polycarbonate as “drop-in solutions”; they are based on alternative raw material sources in accordance with the mass balance approach and are made in a quality identical to conventional counterparts. As a result, the company helps its customers steadily decrease their carbon footprint across the value chain.

Covestro also achieved further successes last fiscal year in gradually switching its production sites to green electricity. The company operates cooperation models with energy suppliers who generate onshore and offshore wind power and solar energy so that it can keep on cutting its greenhouse gas emissions. To enable that, the Group signed multiple Power Purchase Agreements for its sites in Belgium, China and Germany in 2021.

*Achievement of net zero greenhouse gas emissions is defined as a balance between anthropogenic emissions [by the company itself and as a result of purchased energy] and reduction of anthropogenic greenhouse gases.

Outlook for 2022: continued high earnings; expanded management system

Covestro is updating and expanding its existing management system at the start of fiscal year 2022. The previously used growth indicator of core volume growth will be replaced by EBITDA. The Group is also adding a sustainability component, measured by direct and indirect greenhouse gas emissions (scope 1 and 2) in 2022.

“Adaptation of our Group controlling is a further logical step toward circularity,” said Dr. Markus Steilemann. “With regard to our ambitious goal of becoming climate neutral, we will thus link profitability and sustainability even more closely in the future and continue on our sustainable growth trajectory.” 

Covestro expects an EBITDA value between EUR 2.5 billion and EUR 3.0 billion and a FOCF of between EUR 1.0 billion and EUR 1.5 billion for fiscal 2022. The Group anticipates that the ROCE will be between 12 and 16 percent. Covestro expects greenhouse gas emissions, measured by CO2 equivalents, to increase to between 5.6 million and 6.1 million metric tons (level at the end of 2021: 5.2 million metric tons). This increase is mainly attributable to a less favorable mix of external electricity purchases for Covestro, as well as to an expansion in production volumes. Covestro anticipates EBITDA for the first quarter of 2022 to be between EUR 750 million and 850 million.

Growth in both segments in 2021, successful start with the new structure

The Performance Materials segment generated year-over-year core volume growth of 0.3 percent in fiscal 2021. Despite solid global demand, the growth potential of the segment was constrained by limited product availability resulting from, among other things, unplanned weather-related production outages in the first quarter of 2021. The segment’s sales grew by 48.9 percent to EUR 8.1 billion (previous year: EUR 5.5 billion), in particular due to the higher average selling prices. Increased margins due to an advantageous competitive situation and strong demand meant that EBITDA rose year over year to EUR 2.6 billion (previous year: EUR 896 million).

Core volumes sold in the Solutions & Specialties segment increased in the past fiscal year by 26 percent year on year. In particular, additional volumes from the acquired RFM business contributed 16 percentage points to that. In addition, higher core volumes sold in the automotive and transportation industry and in the electrical, electronics and household appliances industry, especially in the EMLA and APAC regions, had a positive volume effect. At the same time, reduced product availability, for instance due to raw material bottlenecks, had a negative impact on core volumes sold and limited further organic growth opportunities. Higher selling prices meant that the segment’s sales in 2021 increased by 49.3 percent to EUR 7.6 billion (previous year: EUR 5.1 billion), while EBITDA rose slightly year over year by 1.1 percent to EUR 751 million (previous year: 743 million).

Buoyant prices boost sales in the fourth quarter of 2021

Core volumes sold in the fourth quarter of 2021 rose by 4.6 percent compared with the previous year. Group sales in the final quarter of the year grew by 44.3 percent to EUR 4.3 billion (previous year: EUR 3.0 billion), in particular on the back of higher selling prices as a consequence of the rise in raw material prices. EBITDA grew year on year by 4.1 percent to EUR 663 million (previous year: EUR 637 million). Net income in the fourth quarter of 2021 fell by 3.2 percent to EUR 302 million (previous year: EUR 312 million), while the FOCF fell by 9.6 percent to EUR 356 million (previous year: EUR 394 million).

Karnataka gets a premium Honey mead with launch of Arkä

Mumbai, 1.3.22: Hill Zill Wines Pvt. Ltd., the manufacturer of Fruzzanté, one-of-its-kind sparkling alcoholic beverage, has now launched its premium honey mead brand called Arkä. Arkä is made from honey extracted from beehives that is then fermented and presented as mead, a drink which has been mentioned in ancient scriptures dating back to 100 BC. After its success in Maharashtra & Goa, the brand is now available in Karnataka. The premium range is priced at Rs. 1,050 for a 375 ml bottle of Arkä Wildflower Honey and Rs. 1,095 for Arkä Rose.
Karnataka has rapidly emerged as a major market for alcoholic beverages. The growth of the IT industry, and Bengaluru’s emergence as a global hub for technology, has brought a cosmopolitan and aspiration lifestyle to the city, and the state at large. The financial independence and amalgamation of global lifestyles is making Karnataka, a high potential market for a product like Arkä. The launch is a strategic move at expanding the brand’s footprint across key markets in India.

Priyanka Save, Founder and MD, Hill Zill Wines Pvt Ltd, said, “Arkä is a premium quality mead made from the best honey sourced meticulously from beehives. Arkä means ‘extract’ in Sanskrit and the mead undergoes a slow fermentation process before it is packed in our customized bottles. Considering how mead has been an integral part of Indian lifestyle and hospitality since ancient times, we have endeavoured to recreate that legacy with the best of ingredients and environment friendly manufacturing and packaging. For instance, for Arkä, we have used specialized corking which is carbon negative with micro-oxygenation which helps age the mead and deliver an unmatched taste experience to our customers.”

The cork closure used for Arkä uses PlantCorc™ technology based on renewable plant-based polymers derived from sugarcane. These closures are more sustainable with 7g CO2 equivalent per closure carbon footprint and deliver an enhanced overall look and feel.

Speaking about this, Deepak Bhatnagar, Chairman and CEO, Hill Zill Wines Pvt. Ltd., said, “We are super excited to bring the Arkä range to customers in Karnataka. The state is the second largest producer of fermented beverages after Maharashtra and the large millennial population residing in the major cities such as Bengaluru, is quite receptive to good quality alcoholic beverages. There is a cosmopolitan culture in India’s Silicon Valley, and it is steadily transforming the consumer patterns and preferences across other major cities and towns across the state. With Arkä, we bring some of the finest made in India meads to the discerning consumers. Right from the brand’s inception our aim has been to produce high-quality beverages that contain natural ingredients and in an eco-friendly manner. We source the honey and other ingredients locally in collaboration with tribals, ensuring that they get good economic value for their produce.”

Arkä Rose is an ultimate expression of luxury. Red Rose forms the essence of this delicate dessert mead. No sooner do you open the bottle than you are pleasantly surprised by the aroma of fine Red Tea Roses. The aroma takes you through the mesmerizing site of rose gardens while you dip into the romantic rendition of Arkä Rose Dessert Mead.
Arkä Wildflower is a luscious dessert mead inspired by the wildflower honey found across forests along the Sahyadri ranges. It is characterized by playful tones of honey, hints of citrus, and floral notes. The mead makes a perfect dessert for a special occasion or simply makes an occasion special.
Hill Zill Wines Pvt. Ltd. is focusing on creating drinks for people who wish to enjoy good experiential drinking. Their brand Fruzzanté is also set to release in Karnataka this year which will focus on local fruits from the state. Within the next 5 years, their aim is to be available in all major metros and start exporting their Made in India wines too.

Five smartest things to do with the start of the new financial year

By – Mr. Jyoti Roy, DVP- Equity Strategist, Angel One Ltd

The last two years have been gruelling for people when it comes to managing finances. With layoffs, salary cuts, business shutdowns and medical expenses, every other person in the country has suffered financially due to the unprecedented circumstances that occurred due to the pandemic. However, the last two years have also made people realize the importance of financial planning. And there is no better time to do it than the beginning of the new financial year.

One may ask why this time of the year? Well, a new financial year means time to mull over the financial goals of the past year and chalk out a more concrete plan to ensure financial stability and security for uncertain times. For a stress-free year, the following are some of the things that you must do at the beginning of the new financial year:

Track your expenses

If you have never planned finances before, starting tracking expenses is an excellent first step towards a smart financial plan. Once you know where you are spending and how much, you will understand where you need to make cuts. For tracking expenses, you can go for expense management apps that will have a record of all your transactions. This way, you will be able to review your expense profile better and prioritize your spending accordingly.

However, if you are somebody who is already tracking their expenses, you know what to do. Sit down and review your expenses to better understand finances for the new year.

Reviewing goals

Next up is reviewing your financial goals. Every person allocates a certain amount of their income into savings, investments, etc., with a certain goal. As the new financial year begins, you may want to take a look at those goals again and maybe add new targets for the new year. For example, earlier, you were planning to buy a house after 10 years, but your increased income will enable you to achieve the same earlier. Hence, you can increase the monthly amount you were allocated for buying the house.

Reviewing investment portfolio

If you are not investing already, this is a good time to start investing and build a strong investment portfolio. But if you already have a portfolio, you might want to review it. A periodic review will help you understand how the funds where you invested have performed. If there are any laggards, removing them may seem like the best decision but you have to be careful. In such a scenario, you should only rethink the funds that have been underperforming for more than a year. But you also have to define underperformance.

Review insurances

People do not take insurance covers seriously, but they are a great help in times of emergency. Health insurance and life insurance are essential for every individual, especially if he/she is the breadwinner in the family. Thus, if your insurances are expiring, it is to renew them and if your family has expanded recently with the marriage or childbirth, it is important to revise the insurances as well.

Plan taxes

The most important part of financial planning is planning taxes. If you start tax planning at the beginning of the financial year, it means you have enough time to calculate investments and save the maximum amount of tax. You can spread these investments across the year.

Ayurvedic HairCare brand raised an undisclosed amount in pre-seed funding from angel investor

New Delhi, 1st March 2022: HairVeda, India’s fastest growing and massively trusted Ayurveda haircare brand recently raised an undisclosed amount of pre-seed funding from Mr. Prashant Kaushik, an India based angel investor.

Founded in 2020 and certified by the Ministry of Ayush (Govt. of India), the brand offers 100% natural and organic hair care products. HairVeda is recommended by known trichologists. This Delhi-based company intends to utilize these funds towards expanding its online reach through marketing and promotion and eventually growing its product portfolio.

Speaking about this, Mr. Varun Vashisthaa, Founder, HairVeda “We are happy to raise our pre-seed funding round with Mr. Kaushik, we thank him for trusting our vision to create quality products and vouching for our commitment of bringing best hair care formulaes’ to the world. It is the perfect time for taking a crack at the market for ayurvedic and herbal products. HairVeda uses powerful and authentic ayurvedic herbs in its products which can strengthen and repair damaged hair. Our team and stakeholders are looking forward to grow further and collaborate with strategic investors to make HairVeda globally available in USA, Canada, Mexico and many more countries. We also plan to launch our skincare portfolio in 2022. Our ultimate goal is to deliver genuine hair and body care products for customers. Product benefit remains our top priority for consumers with the added advantage of no side effects”. 

Mr Prashant Kaushik, Angel Investor, HairVeda, said, “The catastrophic pandemic has drastically shifted consumer focus on Ayurveda products. Consumers look at Ayurvedic herbal products as an alternative go-to choice instead of chemical-based hair and body care products. There was always a market for these, and the pandemic has only made it bigger. Within beauty, brands have recorded a greater demand for Ayurveda products. As an investor, HairVeda reflects a strong growth caliber. The assurance that comes with this brand image plays a crucial role in the acceptability of Ayurvedic and herbal products. The promoters are building a foundation of trust with their customers. Excited to partner with Varun and his team in this growth journey”. 

HairVeda is working towards building ESG commitments. Its products are packaged in biodegradable jute bags and eco-friendly recycled packaging box which can be re-used, it brings down the total cost of the product while aiming to become a more sustainable company. The company has collaborated with NGOs to source its packaging, with the baseline ideology of primarily empowering underprivileged women and specially-abled youngsters to do things differently.

Disclaimer: The views and opinions expressed in this article/press release are those of the concerned organization and do not represent the perspectives of the publisher.

Everything you need to know to make your home smart

 By  Mr. Rohit Kharche, director of The Baya Company

With the advent of the Age of Technology, connected devices and smart gadgets have taken over our daily lives and made things more convenient. Right from our phones doubling up as Personal Assistants to offices being compressed into portable hand-held gadgets, in the present day, technology is a basic necessity to lead an optimum life. With creativity driving new innovations, there is no dearth in new products in multiple sectors; and one of the upcoming markets for smart innovations is home automation.

Today, with most people looking for optimum convenience when doing up their home, the concept of home automation or smart homes has been picking up steam steadily in India. A smart home is easier to maintain, has better security and is simple to monitor and also makes your life easier. While most of us know what a smart home is, the question here is how to make a smart home, especially when there are a multitude of options and functions to choose from.

Begin by looking the basic things you need based on your lifestyle and look at what kind of features and products you want. You could also start with some basic products to begin your home’s ‘smart’ makeover and keep on adding to it over time.

Security

One of the most advanced segments under smart homes is security. Your home’s safety can now be easily ensured and monitored by installing smart locks, CCTV cameras, video door phones which are connected to apps and are also password protected. This way your home is literally a safe haven for you and your family and you can keep a check on everything through your phones anywhere, anytime.

Lighting

A smart home needs a smart interior décor, not just in terms of aesthetics but also functionality. And one of the prerequisites of smart interiors is smart lighting. There are a lot of options to choose from when it comes to lighting with motion sensor lights, coloured lights, curtains that are connected to apps to let in natural light. Such lighting options are convenient and energy efficient as they can be switched on and off and customised to suit your mood and events with just a tap, or even a voice command.

AI

With Artificial Intelligence being the talk of the decade, a lot of devices have been introduced to have a personal home assistant to take care of your numerous daily tasks. Such devices are handy to get information about your social calendars, to do lists, general knowledge, music, etc. through just one command. These devices are designed keeping in mind spaces and are very compact and super-efficient.

Entertainment

When setting up a home, entertainment plays a key aspect in the planning as good entertainment is something that most of us look forward to at the end of a long day, as well as when hosting a great house party. Well planned spaces give you the benefit of well-planned systems and set up your wireless speakers, game zones, smart TVs, etc.

Appliances

Today, there are options like refrigerators that detect the expiry date of your products and send you alerts about it as well as even sense when fresh produce is going bad. Apart from this, even your taps can be upgraded to automatically sense water failure or leaks and turn off to ensure zero wastage of water. Even your coffee makers can be linked to your alarm so that it can start preparing your morning coffee as soon as you wake up. Even cleaning is now an easy task as there are multiple appliances that you can customise and control through your screens and use just the right amount of water needed.

Smart homes are the way to go when it comes to your future as they ensure optimum safety, comfort and energy usage. And with new developments happening at a rapid pace each day in this field, smart homes are literally the future when it comes to home décor.

Witzeal appoints Naveen Goswami as Head of Innovation

India, March 01, 2022: Witzeal, a new age gaming technology company, today announced appointment of Mr. Naveen Goswami as the Head of Innovation. Mr. Goswami will play a pivotal role in driving new product innovation and development at Witzeal with an aim to bring a qualitative difference to Witzeal’s gaming platform over the years of growth to come.

Additionally, he shall be responsible to oversee and implement changes in approaches, methods, products, and processes to enhance competitiveness and improve overall gaming experience.

The gaming industry in India is growing at an exponential rate and is estimated to reach USD 3.9 billion by 2025, making it one of the most profitable sectors in the country. Witzeal has and continues to focus on innovation to foster a holistic growth in this sunrise sector and Mr. Goswami’s expertise will help the brand to cater to a wider ecosystem. Naveen is a visionary technology leader and a strategist with over 18 years of experience. He is proficient in identifying new revenue enhancement initiatives, designing customer experience journeys.  His technical area of expertise is microservices, cloud computing, security, infrastructure automation, auto scaling, virtualization, disater recovery, monitoring and management.

Speaking on his appointment Mr. Ankur Singh, CEO and Founder, Witzeal said “Innovation is an imperative module for growth of any company, and we are constantly working towards honing our innovation skill and team. We are delighted to welcome Mr. Naveen on board and look forward to taking Witzeal to greater heights with his expertise and knowledge. His extensive experience in establishing technologies and various teams in different organizations will contribute to the quality of our services and the overall zeal of the team. With Witzeal’s flagship product Big Cash is growing at an explosive rate, inculcating technological advances is more imperative than ever. We are hoping to build and execute innovative products to give a remarkable experience to our users. Hence, we are ecstatic to have such an inspiring leader among us.”

With the appointment of Naveen Goswami, Witzeal is determined to strengthen its leadership team and bring about revolutionizing change and innovation to the players of Big Cash thereby providing a remarkable gaming experience to its userbase.

Enthralled to commence his journey in Witzeal, Mr. Naveen Goswami, Head of Innovation, Witzeal, said “I’m thrilled to be part of Witzeal family, a rapidly growing and envisioned new age gaming technology company.   In today’s booming online gaming sector, creative use of technology and data can work wonders. I’m excited to be able to put my skills to the test by managing the product Innovation team and securing Big Cash’s and its players’ rapid growth.” 

Naveen enjoys identifying and developing new expansion prospects in order to support innovation and foster a culture of innovation in the company. He has a diverse background in technology, having worked with companies such as ShepHertz, VMware, Digital River, Ericsson, and others on ideation, design, implementation, and deployment of large products on Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure to centralize massive volumes of data for analytic purposes and to migrate Data Warehouses to the cloud.

On a personal front, he loves to travel, play board games, and discover new destinations in his spare time. Among his many notable accomplishments, one such accomplishment was that he was leading the Product Development at ShepHertz, which was featured at VMworld 2015.