The Ferroli Group Sets New Standards in the Water Heater Market

Ferroli, the Italian multi-national giant for domestic and industrial heating, air-conditioning and water heating has forayed into India with its premium range of water heaters, specially designed for the Indian market. It is redefining standards in the domestic water heater industry with the launch of products with the highest energy efficiency, 10% better than the current 5 star BEE standards. It has also launched a Wi-Fi enabled water heater for the first time in India.

Headquartered in Bangalore, Ferroli aims to reach a market share of 10% in the next 3 years, with a revenue of Rs. 100 crore.  They plan to cover the Indian market in a phased manner, beginning with South, and then expanding their distribution network across all four regions.

Talking about the company’s entry into India, Marco Ippoliti, Head of Exports, of the Ferroli Group in Italy, said, “India is an important market for us. With our focus on technology and innovation, we see a great opportunity here.  Our water heaters have a host of unique and eco-friendly customer benefits, which are being introduced in the Indian Market for the first time.”

The total domestic water heater market in India, including gas and solar water heaters, is estimated to be Rs.1,200 – Rs. 1,300 crores per annum, of which the electrical segment accounts for Rs.800 – 900 crores. Ferroli will continue to bring new technologies to India in different segments of the market.

Commenting on the brand’s plans in India, A.K. Rathi, Director, Ferroli South Asia, said, “With this launch, we bring our premium range of Italian electrical water heaters to the Indian Market, in capacities ranging from 1 litre to 500 litres that covers  the entire spectrum of domestic water heating as well as smaller commercial applications. This will be progressively followed by gas and solar water heaters in the next two years.”

The Ferroli range of water heaters comes with several consumer friendly benefits such as a quick heating system, a digital temperature display and the ‘Healthy Blue Silicon’ enamel coating to retain water purity. The patented ‘Blue Forever’ ultra-strong heating element used in Ferroli water heaters is designed to reduce scaling, enhance heating efficiency and increase the life of the heating element in hard water areas. In addition, CFC free insulation is used in the manufacturing process of these heaters. All Ferroli water heaters are equipped with high quality components that provide triple level safety to the product.  Utmost care is taken in manufacturing all components to allow complete control over the quality, delivery and most importantly, the after sales service of Ferroli’s products.

CDN Solutions Group to soon launch “Food Truck App” – a Food Ordering Application

CDN Solutions Group, a leading web app development company located in Central India, will soon come up with a new Food Truck search and ordering Application, “Food Truck App”. The app is being developed keeping in mind the problems faced by the food truck food lovers as well as food truck owners. The app will initially be compatible with ipad and android tablets and will be free to download from itunes and Google play.

“The idea popped up in my mind after analyzing the hurdles and complications faced by food truck owners and their customers. Many a times it happens that due to large queue, many customers return without placing order or due to occupancies they are not able to physicaly present there for placing order. Also the Food trucks regular customers are not able to access truck’s current location. So, many such problems will be overcome by this app”, says Mr. Chetan Naik, CTO CDN Solutions Group.

The app has three portions, first is for food truck owners, the other one is for customers and the last one is for App owners. The app will be absolutely free to use, whether you are a food truck owner or customer. The customer will have to login with his Facebook account and then he can search all the registered food trucks and also find the nearby trucks by GPS tracking feature. He can order his favorite food and make payment as well with his PayPal account. He will thereby receive a confirmation message from the food truck owner, with order id and delivery time. Customer can then go and receive his dish, and has no need to stand in a queue and wait for his order. With the food truck app the food ordering is just plain easy. It’s time saving for every food truck customer.

On the other hand the food truck owners can promptly receive money and orders with the app. Their are many more features for Food truck owners like create profile, upload photos, setting up menu and set their locations. If he is planning to increase the held time at the present location, he can update that too. CDN will disclose other features at the time of launch. The Food truck app is completely a revenue sharing app. If a food truck owner gets an order with the app, then he will have to share a certain percentage of order amount with the Food truck App owner.

“Before started working on this app, we conducted a small survey with Food Truck owners about their views, and we got good responses. Based on the responses our developers are working day and night to make this app the best. The UI is almost complete and we have also disclosed few screens on social media. We are thrilled to launch this because it’s the first app which is solely dedicated to the food truck business. Hope that users will like it “, added Mr. Chetan Naik.

CDN Solutions Group is an ISO 9001:2008 certified and CRISIL rated offshore development company, located in Central India. The company productively build applications on multiple platforms like iphone, android, blackberry, Nokia, ipad and Windows for different industries like Business, Government, Lifestyle/ Entertainment, Education/ Learning, etc along with a range of mobile solutions including GPS, Wi-Fi, Socket Communication, Bluetooth, Game application, Social Networking, Maps, Web service (SOAP/REST API), Ad – Server, Shopping Cart, Payment Gateway (Google Checkout, pay pal) etc. CDN Solutions Group have an enviable record of 849+projects and a combined experience of 12, 41,000+ working hours that has enabled us to become technology partners to software development houses worldwide.

ITIR got boost up in Bangalore

Information Technology Investment Regions (ITIR) got a boost on 16th October when Chief Minister of Karnataka directed Karnataka Industrial Areas Development Board (KIADB) to issue final notification for acquiring 2,072 acres. ITIR is coming nearer to Bangalore International Airport. Below are the salient features of the ITIR.

– ITIR – A Government of India and State Government joint initiative to attract investments in

IT / ITES / EHM Sectors.

– An integrated IT Township with world-class facilities, residential / social / educational / health

Infrastructure.

– Projected Employment: Direct -255,000; Indirect- 857,000

– Total Investments by 2030 – US $ 20 Billion

– M/s. Deloitte Touche appointed as Consultants.

Government of Karnataka proposes to attract major investment in the Information Technology/Information Technology Enabled Services/Electronic Hardware Manufacturing space. The State Government proposes to set up Information Technology Investment Regions (ITIRs), which would be endowed with excellent infrastructure and investor-friendly environment. The Government is considering setting up the first ITIR in the vicinity of Bangalore International Airport. The proposed ITIR would be specifically delineated investment region with a minimum area of around 40 Sq.kms. (about 10,000 acres of land),which may include Special Economic Zones, Industrial Parks, Export oriented units, Free trade and Warehousing zones.

The ITIR would be a combination of production units, public utilities, logistics, environmental protection mechanisms, residential areas and administrative services, with excellent infrastructure. The internal infrastructure of the ITIR would be internally built and managed by a Developer or a group of Co-developers. The external linkages will be provided by the Government of India and State Government. Companies engaged in IT/ITeS/Electronic Hardware Manufacturing are invited to set up units in the ITIR. In this context, the State Government would like to know about the land/space requirements of the IT companies in the ITIR.

Its really good time to invest projects around ITIR, below projects which is really having good appreciation in the future invest.

1. Le Lexuz Stoneview

2. Brigade Orchards

3. Aerocity

4. Hiranandani Cottages

Bangalore’s IT industry employs six times as much workforce as the government. It has huge potential and this project is expected to generate more than 20 lakh direct jobs. This results in import bill on electronics is more than $400 billion which is higher than oil imports. We need to increase our IT export revenues to `4 lakh crore by 2020. We are trying to achieve this by liberalising our IT-BT policies.

The realty developers, however do not see the need to wait for the things to actually happen on ground. Completely convinced that Devanahalli will hit it big-time later if not sooner, huge villa complex developments have been springing up in this area.This ITIR is independent of another 3800 acres of land that is already in the possession of KIADB before the Devanahalli international airport where the Hardware park is in the final stages of getting ready apart from a number of companies about to start constructing their campuses.

Actually this project has to be completed by 2012 but the delay in land acquisition has caused the cost of acquisition to increase significantly and has been a primary hurdle for the completion of this project.Finally the IT is expanding in all directions of Bangalore.

NIIT Technologies reports 1.9% sequential growth in Q2 FY15

NIITTECH, a leading global IT solutions organization, today announced its financial results for the quarter ended in September 30, 2014 with a 1.9% sequential increase in revenues to 588.3Crores. Operating Profits increased 6.1% sequentially to 82.2Crores and Profit After Tax stood at 40.1Crores.

Highlights:

  • Consolidated revenues grew 1.9% sequentially to 588.3 Crores
  • Operating Profits grew 6.1% sequentially to 82.2 crores
  • USD 103mn of fresh orders
  • 5 new customers added
  • Launched +ADVANTAGEsuite, next generation platform for Commercial Insurance
  • Board approved the appointment of Ms. Holly Morris as Non-Executive Additional Director

JULY-SEP FY’15 Quarter Performance at a glance

Qtr ended
Sep 30, 2013
Cr

Qtr ended
Sep 30, 2014
Cr

Growth
YoY

Consolidated Revenues

587.3

588.3

0.2%

Operating Profit

88.6

82.2

-7.2%

Profit After Tax

62.4

40.1

-35.7%

Following the successful implementation of the Airport Operations Control Centre (AOCC) at Chennai Airport last quarter, the Company also successfully implemented the AOCC in Kolkata in this quarter. Increased depreciation due to capitalization of assets as a result of AOCC’s at Chennai and Kolkata going live, and loss in other income due to currency fluctuations has resulted in decline in net profits.

International business for the Company reported a sequential growth of 5.6% during the quarter”, said Mr. Arvind Thakur, CEO and Joint MD, NIIT Technologies Ltd.

Americas contributed to 44% of revenues, EMEA to 38% of revenues, APAC to 7% and India to 11%. Completion of build phase in large Government Systems Integration projects and their movement to Operations and Maintenance phase resulted in domestic business reducing by 20.7% in the quarter.

Softness in the Insurance business in the Americas resulted in reduction in BFSI mix to 33% of revenues whereas Travel and Transportation grew 9.5% sequentially to represent 42% of overall revenues. Manufacturing/Distribution contributed to 7% andGovernment business accounted for 3% of revenues in the quarter.

The Company added five new clients, four in Americas, wherein three are in the Travel and Transportation segment and one in BFSI; and one in the Government vertical in India,” said Mr. Sudhir Chaturvedi, COO, NIIT Technologies Ltd. “USD 103mn of new orders were secured during the quarter”, he added.

USD 298mn worth of fresh business is executable over the next 12 months.

On October 1 2014, the Company launched +ADVANTAGEsuite, the next generation commercial insurance platform designed to drive underwriting profitability. +ADVANTAGEsuite’s highly configurable business user led platform readily adapts to the needs of specific classes of business, allowing new lines to be brought to market quickly.

The board approved the appointment of Ms. Holly Morris as a non-executive additional director of NIIT Technologies Ltd.

Ms. Morris has a reputation for developing enterprise level strategies and implementing transformative process improvements in support of business growth. For the last 25 years, Ms. Morris’s career has spanned corporate boards, Fortune 500 and global financial services organizations. In her last corporate role she was the CIO at Thrivent Financial, a Fortune 500 financial services organization. Prior to Thrivent she served as Sr. VP of Technologies at American Express Global Financial Services. She also held CIO and CTO positions at ING.

We are pleased to induct Holly to the NIIT Technologies board. Her long experience particularly in the Insurance & Financial Services sector and U.S. will provide valuable guidance to support our growth“, said Mr. Rajendra S. Pawar, Chairman, NIIT Technologies Ltd.

Total headcount stood at 8288 at the end of the quarter under review.

Acknowledgements during the quarter

  • NIIT Technologies felicitated for outstanding contribution in infrastructure development at The Economic Times Infra Focus Summit 2014.
  • Won an award for the “Best US and India Business Collaboration” at the 5th annual USA India Business Summit, Atlanta.
  • Conferred with the ‘Award for Excellence in HR Through Technology’ at the 5th Asia Best Employer Brand Awards 2014.
  • Recognised for “Best in Training and Organization Development” at the Asian HR Leadership Awards 2014.
  • Pratibha Advani, CFO NIIT Technologies, conferred with ‘Best Woman CFO award’ at Business Today Best CFO Awards 2014.