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Category: Inspir- Leaders-Business-August 2024

Datamatics Business Solutions – An Overview

Posted on by The Fortune Leaders

At Datamatics Business Solutions Ltd. (DBSL), our core philosophy is simple: “We take care of our people, and the people take care of the business.” This guiding principle drives everything we do, from our commitment to flexible work arrangements to our support systems designed to empower our team.

As a leader in B2B data, demand generation, and business intelligence solutions, we offer a comprehensive suite of services including finance and accounting solutions for CPAs, B2B sales and marketing, business process transformation, and technology outsourcing for Fortune 1000 clients across various industries. Our investment in people leadership, cutting-edge technology, and operational excellence is matched by our dedication to building strong client relationships and maintaining high standards of corporate governance.

Mission and vision

“At Datamatics Business Solutions (DBSL), our mission and vision are straightforward. We aspire to be a leader in the Business Process Management (BPM) industry by helping businesses leverage technology while keeping the human touch at the center. We believe our greatest assets are our people, deserving of the best tools and resources to thrive. That is why we invest in the latest technology; AI, automation, and more to empower them to reach new heights of creativity and strategic thinking.

Our vision is to be a recognized leader in the BPM industry, but more importantly, a trusted partner for businesses of all sizes. We build strong relationships with our clients, becoming more than just a service provider. We see ourselves as an extension of your team, working alongside you to achieve your goals. At DBSL, we foster a work environment where people and progress meet, working together to help businesses around the world achieve more. We harness the power of advanced technologies and human ingenuity in perfect harmony to create state-of-the-art business solutions for our clients,” says Loly Vadassery, CHRO, Datamatics Business Solutions.

Client-oriented services

“DBSL empowers businesses to navigate today’s data-centric world with a comprehensive suite of services designed to help unlock the power of information and achieve strategic goals. From B2B data and business intelligence solutions to sales and marketing assistance, finance and accounting support, and business process transformation, we assist businesses in streamlining operations and boosting efficiency. Our technology outsourcing solutions provide access to the latest advancements and expertise, freeing our clients to focus on running business,” adds Ms. Vadassery.

The differentiating factor

“At Datamatics Business Solutions (DBSL), our commitment to our people is what truly distinguishes us. We understand that our success hinges on the well-being and empowerment of our team, which is why we prioritize creating an inclusive and supportive work environment.
Our approach to diversity is a key differentiator. We believe that innovation and creativity flourish in diverse settings, which is why we maintain a gender ratio of 45:55 (female to male). Our dedication to gender diversity is grounded in the belief that diverse environments drive greater innovation and creativity. This belief shapes our inclusive policies and flexible work arrangements, ensuring that every individual feels valued and has the opportunity to thrive.

Technology also plays a crucial role in our strategy. By leveraging tools like MS Teams and our Learning Management System, we have crafted a hybrid work environment that enhances efficiency and fosters a sense of belonging. Our use of automation supports a flexible work-life balance, allowing our team members to manage their professional responsibilities alongside personal commitments effectively” notes Loly Vadassery.

The clientele

“At DBSL, we’re privileged to partner with clients from diverse industries, honing our expertise to deliver top-notch solutions. From Fortune 500 leaders to SMBs, we empower businesses of all sizes to thrive in the data-driven world. Our industry-specific knowledge ensures tailored solutions, fostering long-term partnerships built on trust and shared success. Whether big or small, DBSL is here to empower businesses to achieve their goals.”

The work culture

“Our organization’s culture goes beyond policies and numbers; it’s about creating a sense of belonging and empowerment for everyone. We foster an environment where every voice is heard and valued. With an employee engagement score of 91%, our culture thrives on active participation and support. Flexible work arrangements, mentorship programs, and leadership development initiatives ensure that everyone, especially women, can grow and succeed.
 
Our tailored business programs- iCARS, iDATA, iSPEND, and iTOUCH, cater to specific needs in knowledge management and growth, offering over 6,000 training hours. Leadership empowerment is a priority, supported by programs like IGNITE and iRise. These initiatives enhance communication and collaboration skills, preparing our leaders to navigate challenges effectively. We’ve conducted over 1,000 niche training and coaching sessions for 301 existing leaders.

Looking ahead, our vision is clear: to remain a beacon of inclusivity and equality in the workplace. We’re committed to providing equal opportunities and fostering a culture where everyone feels supported and empowered to reach their full potential. At DBSL, we know our strength lies in our diversity, and we celebrate it every day”, added Ms.Vadassery.

Future roadmap

Our future roadmap reflects our steadfast commitment to our core values and our people. Looking ahead, we are dedicated to creating an even more inclusive and supportive workplace where every individual feels valued and empowered to reach their full potential.

Our focus is on strengthening connections and enhancing opportunities for growth and development across the organization. We are advancing initiatives that provide our employees with the tools and resources necessary for success. At the same time, we are leveraging technology to enhance collaboration and streamline processes, ensuring seamless teamwork whether in the office or working remotely.

Most importantly, our roadmap underscores our commitment to fairness and equality. We are committed to maintaining pay parity and ensuring equal opportunities for everyone, regardless of background. Our vision is clear: to build a workplace where every person feels seen, heard, and valued. As Ms. Vadassery aptly puts it, “At the end of the day, it’s our people who make DBSL truly special, and we’re committed to supporting them every step of the way.”

Balasore Alloys: Produce Different Grades Of Ferro Chrome As Per Market Dynamics

Posted on by The Fortune Leaders

The ferrochrome manufacturing industry is evolving with advancements in technology and sustainability, while also navigating challenges related to raw material supply and environmental regulations. Balasore Alloys focuses on increasing the agility of its current systems, rapidly adapting to change, increasing transparency, and preparing for future disruption to better prepare for the challenges to come. The focus of the supply chain is to rely on ERPs to manage data and core processes and effective collaboration with suppliers can bring about real-time visibility into inventory, material quality, and costs to easily understand and report on supplier performance. It further focuses on the importance of sourcing balance, saving small suppliers, managing inflationary times, and digitizing procurement given the growing complexity and raw material variability.

Mission and Vision

“To be an organization that continuously achieves value creation by optimizing resources through operational excellence, enabled by technology, and driven by innovation, to meet customer satisfaction and to maximize the value for all stakeholders. To be amongst the world’s top five new generation Ferrochrome manufacturing companies in our products, in the way we service our clients, in our work ethics, and in our culture of societal integration.”

Client-Oriented Services

“The company has a special grade of chrome ore mine and Ferro Chrome product, which is quite rarely available worldwide, and this is presently being used by stainless steel producers. The company is expanding the Chrome mining by going with underground mining operations of Chrome ore (the first time in India). As this product is not available in China & other North-Asian Countries, it is leading to a spike in demand for such raw material. After discussions with various stainless companies, it has been found that there is a lot of scope to work together for both short and long terms and this prompted the company to start exporting into the market and signing long-term agreements with large stainless-steel companies.”

The Initial Challenges

The company was always growing, it had to move around different locations to explore and help as needed. “During my new assignment in China in year 2003, I came across many hurdles including language barrier, different corporate culture with different mindset in business dealing. During those years it was quite difficult to work on long term basis with both buyers and sellers as they keep changing their commitment and executing project on time. To understand their business ethics & past performance for selecting the right vendor and buyers a thorough assessment with vendor rating, by visiting their processing plant, manufacturing unit and by meeting their team leaders to develop a mutual trust and confidence for ensuring they will not back out on execution of orders in case of any kind of market up & down which was quite regular practice at that time,” says Vijay K Singh, CEO, Balasore Alloys.

The Differentiating Factor

•Business expansion in area of Ferro Chrome export worldwide by 21%. This was achieved with leadership competencies & strategy by well-defined roadmaps & commercial performance.

•First time in India started project of underground mining of Chrome ore at Balasore Chrome mine after due diligence study and underground design work has already started in early 2020. This will increase the production output as well as export by next year.

•One of the lowest cost producers globally due to their fully integrated business model.

•Globally preferred supplier to Stainless Steel producers and allied industries

The Art of Balancing Work and Life

Time management plays a significant role in everyone’s lives. One can only spend more time with friends and family if they are well-balanced and efficient. However, it is essential to know where to draw the line, one part of your life should not take over other aspects of life and living. This way Vijay enjoys life without any stress or inconvenience. Smart delegation is essential for yourself and your team as it benefits all involved parties. This can only be done through smart interactions and effective communication with team members and understanding the prerequisites of work.

 For better management of time, he uses two fundamental strategies: flexible scheduling as allowed by the company and prioritizing responsibilities. Setting priorities and creating a schedule is the most helpful to integrate all aspects of life: work, family, classes, fitness, and social activities with other one-time events. He maps out his responsibilities and timelines daily in a to-do list of tasks that needs to be completed.

Regardless of how hard one tries, there will be sometimes when one or the other becomes more demanding in life. Learn to be creative and think of possible ways to meet the urgent priority while still attending to others. Without a clear separation between home and office, it may be hard to transition from work life to personal life. To counteract this issue, one needs a distinctive work zone.

Awards and Recognitions

•Balasore alloys of ISPAT Group was awarded the Top Exporter Silver Award for the year 2017-18 in the Three Star Export House (Non-MSME) category by FIEO Eastern Region. The Award was handed by Bharat Ratna Shri Pranab Mukherjee, Hon’ble Former President of India in presence of Mr. Bruce Bucknell, British Deputy High Commission Kolkata.

•Balasore alloy limited has been awarded by CII (Confederation of Indian Industry) with the “Excellence Award in Energy Conservation in the 9th ENCON” award ceremony organized by CII eastern region for initiating and implementing different energy-saving measures/ techniques in the plant.

•The award which was instituted by the Engineering Exports Promotion Council (EEPC), Union Ministry of Commerce and Industry was handed at the 49th EEPC National Award Presentation Function 2016-17 by Mr. C.R. Chaudhary, Honorable Minister of State for Commerce and Industry, Government of India in the presence of Ms. Rita Teaotia, Secretary, Department of Commerce, Ministry of Commerce and Industry and Mr. B.S. Bhalla, Jt Secretary, Department of Commerce, Ministry of Commerce and Industry.

•Balasore alloys of ISPAT Group recognized as a good neighbour through its Corporate Social Responsibility activities has been appreciated again. The Institute of Quality & Environment Management Services (IQEMS) backed by support from South Africa High Commission, CREDAI Odisha, Rotary International organized a competition-cum-seminar on ”CSR Initiatives-Value Driven Social Change” on 21st May 2016.

The Future Roadmap “Seamless integration of all business processes for greater efficiency is essential for future practice, alongside the implementation of SAP and cloud-based CRM module will certainly help growth. This, however, does not prevent cybercrime. With that in mind, more organizations create and appoint Chief Security Officer and CCO who would be responsible for ensuring that an organization is cyber-ready, would bear the responsibility for preventing breaches, take the lead if a breach does occur, and provide a robust connection between the board and the rest of the company,” concludes Vijay.

Oliver Sanderson: Inspired By The Need For A More Personalized And Consultative Approach To Executive Search

Posted on by The Fortune Leaders

The talent acquisition industry is undergoing a significant transformation driven by technological advancements, changing workforce dynamics, and economic shifts. Organizations that adapt to these changes by leveraging technology, focusing on DEI, and enhancing their employer branding will be better positioned to attract and retain top talent in a competitive landscape. The emphasis on data-driven strategies, remote work models, and continuous learning will be key to navigating the future of talent acquisition successfully.

The talent acquisition industry, a crucial subset of the broader recruitment sector, is witnessing profound changes driven by technological innovations, evolving workforce dynamics, and economic fluctuations. The inception of Oliver Sanderson Group traces back to my desire to carve out a unique path in the executive search industry. “After gaining valuable experience in recruitment at leading firms, I envisioned a company that prioritized honesty, integrity, and passion in every aspect of its operations. Inspired by the need for a more personalized and consultative approach to executive search, I founded Oliver Sanderson Group in 2011 with a commitment to redefining the standards of excellence in talent acquisition.” Says Natasha Makhijani, CEO.

The Initial Challenges

The mission of Oliver Sanderson Group is to empower organizations to achieve greatness by connecting them with top-tier talent and fostering a culture of excellence, inclusion, and innovation. “Our vision is to be recognized as a trusted partner in executive search, renowned for our unwavering commitment to integrity, quality, and client satisfaction.”

Like any entrepreneurial endeavour, the inception of Oliver Sanderson Group was not without its challenges. “Securing initial financing, building a strong team, and establishing credibility in a competitive market were among the primary hurdles we faced. However, through perseverance, strategic networking, and a relentless focus on delivering exceptional results, we overcame these challenges and laid a solid foundation for the company’s growth,” added Natasha.

Our Services

“Oliver Sanderson Group offers a comprehensive suite of executive search and talent acquisition services tailored to the unique needs of our clients. This includes executive search for board and senior leadership positions, interim management solutions, talent mapping and market intelligence, and diversity and inclusion consulting. Our innovative digital platform, Snapp CV, revolutionizes the recruitment process by leveraging cutting-edge technology to connect employers with top talent seamlessly.

Designed by recruiters for recruiters, Snapp has transformed the recruitment process, empowering recruiters, and job seekers in the transition to digital platforms. By streamlining the journey, Snapp makes it easier for employers to find the right talent while saving applicants time and energy.

As the world’s first voice-activated mobile job board with complete integration with Amazon Alexa through the “Find me a Job” skill, Snapp is a truly unique innovation. Our closest competitors, such as Zoek, Monster Jobs, Total Jobs, Job Today, and Indeed, offer mobile job boards, while others like Spark Hire, interview, my Interview, and VidCruiter specialize in video interviewing software. However, none of them offer both services together like Snapp does.”

The differentiating factor

“What sets Oliver Sanderson Group apart from our competitors is our unwavering commitment to delivering personalized, consultative, and results-driven solutions. We prioritize building long-term relationships with our clients, understanding their specific needs, and tailoring our approach accordingly. Our deep industry expertise, combined with our agile and innovative mindset, allows us to stay ahead of the curve and provide unparalleled value to our clients. We are also thought leaders in Equity, Diversity & Inclusion. Since our foundation in 2011, EDI has been at the heart of our work at Oliver Sanderson.

Our mission is to lead the way in discovering and engaging with the next generation of diverse business leaders while driving improvements in representation across a wide range of sectors. For our clients, we are committed to connecting mission-led businesses with diverse talent. For our company, we are committed to fostering a culture of equity, diversity, and inclusion – a place where everyone feels welcome and supported to fulfill their potential.

To achieve our mission, we foster a collaborative approach that involves partnering with diverse organizations, communities, and networks. Our CEO, Natasha Makhijani, continually shares her path-breaking experiences as an Asian woman leader in this industry and maintains a powerful voice in the discussion on EDI and dismantling barriers to entry.”

Clientele

“Our clientele comprises a diverse range of organizations spanning various industries, including Fortune 500 companies, FTSE 100 and FTSE 350 firms, private equity-backed enterprises, and emerging startups. We take pride in serving clients across sectors such as finance, technology, healthcare, consumer goods, and beyond, helping them secure top-tier talent to drive their growth and success,” proudly elaborated Natasha.

The work culture

“At Oliver Sanderson Group, our organizational culture is characterized by collaboration, transparency, and a relentless pursuit of excellence. We foster a supportive and inclusive work environment where every team member is valued, empowered, and encouraged to reach their full potential. Our culture of continuous learning and innovation enables us to adapt quickly to changing market dynamics and deliver exceptional outcomes for our clients,” added the CEO.

Client Testimony

A true entrepreneur, designing a mobile job app called Snapp CV, which is the first in the world for voice technology job search using the ‘Find me a job’ skill on Amazon Alexa, is a remarkable achievement that will change the face of recruitment moving forward. Natasha, with the support of her team, is always breaking down boundaries.”

            Pam Wright, Chief Human Resources Officer – Equans UK & Ireland

Future Roadmap

“Looking ahead, our future roadmap is centred on accelerating growth, expanding our market presence, and driving innovation in talent acquisition. We are committed to further strengthening our client relationships, expanding our service offerings, and leveraging technology to enhance efficiency and effectiveness. Additionally, we remain dedicated to advancing diversity, equity, and inclusion both within our organization and across the industries we serve, positioning Oliver Sanderson Group as a leader in executive search and talent acquisition,” concluded Natasha.

Chatur Ideas: ONE STOP For Every Entrepreneur

Posted on by The Fortune Leaders

Chatur Ideas is the inception of the first ever dynamic, multifarious online platform, which will engage, counsel, and interconnect the entrepreneurial breed of India to investors, financers, and mentors in a controlled investment-friendly ecosystem. It acts as a ‘virtual intellect box’ where all the brilliant and ingenious entrepreneurial ideas will be scrutinized, enhanced, and mentored and will be given assistance and or possible funding. It also simultaneously runs various entrepreneurial contests, which help entrepreneurs get seed capital that helps them in financing their businesses, start-ups, and inventions.

The inception story

“My story began in 2009, with my idea to start a cab service based on GPS. I created a working model and reached out to various industry experts. However, when I approached the aggregators of the taxi/cab service companies; I was discouraged from pursuing the idea. I took their words seriously and decided not to further work on the idea as it needed political connections and managing unions. Having dropped the idea, I started working in a firm as a wealth manager and was responsible for managing ultra-HNWIs money, who invested in India and abroad across asset classes. Through this experience, I acquired a huge amount of networking and domain expertise.

However, simultaneously, I also saw Ola’s birth and their journey to the 1000-crore club on the footholds of the same idea that I wanted to initiate back in 2009. This turned out to be an eye-opener for me and caused me to reflect on the decisions I made.

Over the years, I have also spent a lot of time mentoring startups and investing in them, connecting with investors, and gaining a lot of experience and exposure.

As a result, I decided to bridge the gap between entrepreneurs and investors/mentors by providing a platform for their interactions and valuable feedback from these dignitaries to these entrepreneurs to help them with their journey. Thus, took place the establishment of Chatur Ideas – which has now become one of India’s leading startups enabling platforms that acts as a ‘ONE-STOP SOLUTION’ for start-ups and entrepreneurs,” says Devesh Chawla, CEO and Founder, Chatur Ideas.

The advice to the aspiring leader

“Never stop meeting the right people: Your connections keep your business afloat. Make relevant connections and networks that will keep you elucidated with their experience and learnings. Keep in touch along the way and build quality relationships to uplift your knowledge and business. As they say, your network is your net worth.

Your Business Will Demand Money: If you are starting a startup, it will demand some money and you might take some financial hits. But without spending money, you can’t make it a long way. However, don’t forget to be frugal and smart with your spending patterns. A tip here would be: to spend money where you see the value. This value can be social, physiological, or other ways.”

Support the development of future leaders

“While micromanaging exerts a greater control on its operations, apart from when the operations are complex and instructions need to be communicated, it is not very useful. The micromanagement style, or more specifically, keeping close tabs on what work is being done, how it is being done, and the quality of the output, can certainly be used effectively, however, employee wellbeing & psychological safety must be taken into account.

Micromanaging your employees, to put it bluntly, annoys them, creates trust issues, and can cause employees to become dependent on micromanagement leading it to be unscalable.

So, I believe in efficient management; Creating important tasks, and allowing employees to do the work in their way goes a long way toward creating trust between the employees and me. Simply touching base with them at predefined points along the way eases the employee to complete the task at a defined pace in his methods improving his growth and creativity. As stated earlier, at Chatur Ideas, we nurture creativity, be it of our employees or our clients,” adds Devesh.

Awards

  • Awarded as CEO of the year 2019 in Dubai by GISR Foundation and American College of Dubai
  • Awarded as Entrepreneur of the Year 2018 by Minister of State for Health & Family Welfare, Ashwini Kumar Choubey
  • Awarded the Mahatma Gandhi Samman Award, which is given to 25 Indians only across the world
  • Selected amongst Top 30 Entrepreneurs of the Year 2018 by The Silicon Review
  • Selected amongst Forbes’ Top 100 Great People Managers 2021
  • Facilitated the Youth Leadership Award by the Trade Commissioner of Canada
  • Nominated for Business World 40 under 40
  • Chatur Ideas has been selected as Top 5 Rising Startups of India by Tech in Asia
  • Chatur Ideas has been awarded as India’s leading startup enabling platform at BRICS Conclave
  • Chatur Ideas has been awarded as Top 50 Small Businesses of India 2021

Future Roadmap

“I have been deeply committed to assisting today’s youth to gain financial independence, be it through entrepreneurship, jobs, or the stock market. People need to learn to be self-reliant. To achieve that, I have conducted various workshops and courses on stock market technical analysis, entrepreneurship, and financial independence so that my students can make money on their own,” concluded Chawla.

Legacy Architect: Blueprinting Generational Wealth for Our Family

Posted on by The Fortune Leaders

On this journey called life, we must understand that we are the architects of our legacy for generations to come. The following quote helps you understand why creating your blueprint is so important.

“Building generational wealth is not just about acquiring assets; it’s about crafting a legacy that transcends time, creating a blueprint for success that echoes through the corridors of generations to come.”

I learned when I was 18 years old how important it was to develop a positive mindset and having daily affirmations are the cornerstone to developing a positive mindset. Here are two affirmations that can change the trajectory of your legacy blueprint.

“I am the architect of my legacy, weaving a tapestry of financial wisdom and prosperity that will endure for generations.”

“Every financial decision I make is a brick in the foundation of generational wealth, securing a brighter future for my family and those who follow.”

Although experience is considered the best teacher, learning from those who have had the experience can shorten your time learning.

Meet Laquana, a self-made entrepreneur who transformed a small family business into a thriving empire. Through disciplined financial management, strategic investments, and a commitment to educating her children about financial literacy, Sarah not only secured her own financial success but also paved the way for her family’s prosperity for generations to come. Sarah’s story exemplifies the power of visionary thinking and intentional actions in building a legacy of generational wealth.

These elements, combined, offer insights and guidance for you to architect your own legacy, establishing a solid foundation for financial success that will endure and benefit future generations.

Now, you can go further on your journey and implement these five action steps to achieve your goals on your journey of building your legacy of generational wealth.

Define Your Legacy Vision:

Clearly articulate your vision for the legacy you want to leave behind. What values, principles, and financial milestones do you want to pass on to future generations? Define your long-term objectives to guide your financial decisions and wealth-building strategies.

Develop a Comprehensive Financial Plan:

Work with financial advisors to create a detailed financial plan that aligns with your legacy vision. This plan should encompass savings, investments, estate planning, and risk management. Regularly revisit and adjust the plan as your financial situation and goals evolve over time.

Prioritize Education and Financial Literacy:

Empower your family members with financial education. Ensure that the next generations understand the principles of budgeting, investing, and wealth management. Foster a culture of financial literacy within your family, providing the tools for informed decision-making and responsible stewardship of assets.

Diversify Investments for Long-Term Growth:

Implement a diversified investment strategy that balances risk and reward. Explore various investment vehicles such as stocks, bonds, real estate, and other assets. Diversification not only protects against market fluctuations but also enhances the potential for long-term growth, contributing to the sustainability of generational wealth.

Establish a Family Governance Structure:

Create a family governance structure that includes clear guidelines on wealth management, decision-making processes, and communication strategies. This structure can help prevent conflicts, ensure continuity of values, and provide a framework for future generations to actively participate in the stewardship of the family’s financial legacy.

By taking these steps, you lay the foundation for a lasting and impactful financial legacy. The proactive approach to financial planning, education, and governance outlined in these steps will contribute to the creation of generational wealth that endures through the years.

For more information or to learn more about implementation, contact Dr. JoAnn Ajayi-Scott on LinkedIn, Facebook, Instagram, Alignable or BeeKonnected

About the Author

Dr. JoAnn Ajayi-Scott has a PhD in Organizational Leadership. However, her financial expertise began with a BA in Economics, and she was the #2 sales agent in the country for ITT Life right out of college. Over the years, she never borrowed money from the bank but learned to Be Her Own Bank by borrowing against her cash value in annuities to buy homes and other large purchases over the years. Now, She is a licensed Insurance Broker, with emphasis on helping families protect themselves, Build their own Bank and a Legacy of Generational Wealth.

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