TiEGEST NEWSLETTER

February 2020 Edition

Welcome to the brand-new year and wishing you all a successfully enterprising Year 2020.
This month’s TIGEST focuses on getting ready to take your business to newer heights and
planning for the growth, one notch higher.

Namma Ooru Chennai

The Cover page depicts one of the architectural pride of Chennai - ValluvarKottam, located in
Nungambakkam, stands at what was once the deepest point of a local lake called the
Nungambakkam lake. The monument consists of a decorative arch, an auditorium that can
accommodate around 3,500 people, and the Kural Manimandapam, where all the 1,330
couplets from all 133 chapters of the Kural literature are inscribed on bas-relief. The hallmark
of the monument is the 39-meter-high (128 feet) stone car, a replica of the famed temple
chariot of Thiruvarur. The chariot is made of around 3000 blocks of stone. The four giant-sized
wheels of the chariot measure 11 feet in diameter and 2 feet in thickness. A life-size statue of
Thiruvalluvar has been installed in the chariot. The chariot is adorned with the famed Kalamkari
drawings. The monument is visited by an average of about 700 people during weekdays and
1000 people during weekends.

From President’s Desk

Dear Friends,

Greetings from TiE Chennai. I hope that you have had a great start to
2020!

In November 2019, TiE Chennai commissioned a study on the status of

mass entrepreneurs across Tamil Nadu to understand the working styles,
financial knowledge, challenges and mindsets of these
entrepreneurs. The objective of this survey was to understand their
requirements and deploy meaningful interventions to include domian
coaching and capacity building for these entrepreneurs who continue to
contribute enormously to the growth of Indian economy.

We believe that this first-of-its-kind initiative will boost mass entrepreneurship to generate
employment and strengthen new growth impetus.

From March 1, 2020, we are also planning to launch a 'Personal Transformation' challenge series by
Akhila Rajeshwar, ED of TiE Chennai. About 150 committed people are already working on such
challenges on a daily basis that are being delivered predominantly in Tamil. This initiative is to take this
to thousands to reinforce the belief that personal transformation is critical for business / professional
success. Entrepreneurs who work on these challenges with commitment and discipline will get an
opportunity to be part of a 'Personal Transformation' program which we will announce at a later
date. TiE Chennai Secretariat will share more information on this very soon.

As one of the most successful chapters in the TiE Global ecosystem, TiE Chennai will continue to support
all entrepreneurs in the ecosystem. We serve to enable them to achieve their maximum potential.

Wishing you all the very best for achieving personal and business success.
- C.K. Ranganathan, President, TiE Chennai
 From Executive Director’s Desk

Amidst never-ending responsibilities, sleepless nights and numerous

stressors combined with no time for themselves and others,
entrepreneurship takes a toll on the physical and emotional wellbeing of
many entrepreneurs. Even though we know that there is one very
important investment that has been around for a very long time which will
consistently give better results, we do not take it to execution because it
requires time, effort and commitment from each one of us. This has been
validated by a billionaire investor who believes that this investment
supersedes all other investments. Warren Buffet, the man who has taken
the investment world by storm said, ‘The best investment you will ever
make is in yourself’. Much of the stressors that entrepreneurs feel come
from lack of investment in themselves.

In order to provide a secure and healthy environment for any company to scale up and thrive, the
entrepreneur has to first take a good look within and draw upon his/her inner strength to effect a
transformation that exudes positive energy throughout the enterprise. It is with this intention, daily
challenges as voice messages in Tamil, actually Tanglish, were shared with about 150 entrepreneurs
and we continue to receive amazing testimonials from people who continue to make changes in their
lives and businesses based on these bite-sized challenges. Now, we are ready to take this to a larger
audience and hence from March 1, 2020, we will be starting new Whatsapp groups where one
challenge as a voice message will be shared on a daily basis. Stay tuned for more information on
this. We will reach out to you with more information very soon.

TiE Chennai is committed in serving the entrepreneurs in the ecosystem to create vibrant
entrepreneurial activities in the State. Looking forward to your active participation.

- Akhila Rajeshwar, Executive Director, TiE Chennai

Getting Closer to TiE Chennai

Entrepreneurship is a lonely journey and success along the way, takes you closer to isolation and
seclusion. In an analysis based on interviews with 700 tech startup founders based in New York City,
TechCrunch found that 33 per cent of founders who are mentored by successful entrepreneurs go
on to become top performers themselves. One of the Inc.com reports revealed that 70 per cent of
mentored businesses survive more than five years, double the rate of their non-mentored
counterparts.

We at TiE Chennai have 200 Charter Members/Mentors and over 600 Associate Members and are
the second-largest TiE Chapter among 61 TiE Chapters across the world.

Log in using your Member Login Credentials at chennai.tie.org to request mentorship from our
successful entrepreneurs.
 Upcoming Events

Go Global – Tax and Regulatory perspective

- Friday, February 21, 2020

Considering the number of matured startups expanding their horizons beyond India and setting up
overseas presence, the common question is what are the implementations, challenges from a
regulatory perspective and the tax challenges associated with it.This session would be case study-
oriented with the tax and regulatory aspects covered.

Innovation Circle by Mr. Krishnan Naganathan

- Tuesday, February 25, 2020

Here is an opportunity to test-drive one of the world's most sophisticated innovation management
tools, and with a world-leading methodology you will learn how your organization can sharpen their
innovation strategy by assessing the following key points:
* How to minimize project risks and pinpoint developing opportunities
* Where you should allocate resources to achieve a balanced innovation portfolio, and
* Which ideas you can bring to market faster with greater confidence

Events Every month

Coffee with Mentor sessions
All successful people would need a hand to help them navigate rough seas. This session provides exactly
that. TiE Chennai, every month, invites an experienced Entrepreneur to address all your Entrepreneurial
queries.

Investor Meetups
This initiative by TiE Chennai puts Investors and Entrepreneurs under one roof. This helps Entrepreneurs
find ways to get funded and helps Investors get connected with the best startups in the Chennai
Ecosystem.

Cixer Meet
This event is planned for the last week of every month where, Associate Members and Charter
Members of TiE Chennai get an opportunity to meet, mingle, discuss their mutual business issues and
open it up for the solutions by the participants of the meet, network with the participants and have an
informal but structured discussion to give participants an interaction form to discuss with peer and
senior entrepreneurs.
 Our New Initiatives – Planned Launches!

Launched TiE Women

TiE Global’s new program – TiE Women is
dedicated to Embrace, Engage and Empower
women entrepreneurs across the globe.

The program will be aligned with TiE’s pillars

focused on fostering women entrepreneurs. The
sector-agnostic program is focused on women
entrepreneurs, irrespective of the size of their
enterprises, origin, standing or background.

TiE Chennai will organise a series of programs

that will culminate into a pitch fest.

Winners of this regional pitch fest, will get an

opportunity to compete at a global level.

Benefits:
Selected women entrepreneurs get a chance to meet top Investors and Angels in the TiE Network

Date of Launch:
6th Feb 2020

$100,000Prize Free Two-Day Pitch to VCs, Angels Mentoring by

money for the Passfor Chapter at the Global Pitch Stalwarts associated
winner winners to attend TiE Competition at TGS in with TiE
Global Summit in Dubai
Dubai (16-17
December, 2020)

CK Ranganathan Hemant Gupta- Hema Annamalai– Dharti Desai– Vice

Chairman & Managing Managing President, TiE Chair – TiE Women
Director – CavinKare Director,BRTSIF – Zone Coimbatore
Startups India and MD;
CEO, BSE Sammaan
CSR Ltd.

Experts predict by 2030, India is expected to become the world's third largest economy with a projected GDP of $13.7 billion.

Of the 58.5 million entrepreneurs in India, nearly 14% are women. (Source: Sixth Economic Census)

Indian women-owned businesses provide employment for 13.45 million people. (Source: McKinsey Report)

In 2017, only 2% of startup funding went to a woman founder. (Source: Alice Entrepreneur Report)
 A 2015 study by McKinsey Global Institute shows India's GDP could rise by between 16-60% by 2025 if women participated
equally with men in the economy. Projections show that this could mean a whopping $2.9 trillion added to the economy.

The top five states with the highest percentage of women entrepreneurs are Tamil Nadu, Kerala, Andhra Pradesh, West Bengal,
and Maharashtra (in descending order). (Source: Dr Sabrina Korreck Research Report)
 Indic Way - Power Series Launch
- Thursday, February 13, 2020

The Indic Way – Power Series opens the door to the unlimited potential that you possess, the tools to
sharpen them, the tips and tricks to bring them out and commands to harness and channelize their
power. The contents of this series, consisting of ten 90-minute sessions, have been chosen to help you
get new answers, new approaches, to provide you renewed strength and clarity towards building your
abilities.

This is the fourth series of the Tie Indic Series by the duo champions Ramraj R and J Krishnan!
After the successful series - Indic Gym, Indic Way and Indic Enterprise, Tie Chennai is proud to host the new series of Tie Indic
Way – Power Series!
Launch of TiE Essentials
TiE Essentials is a platform that can be used by Entrepreneurs as guidelines to start/build their
business.The main focus of the TiE Essentials is to simplify the understanding of various tedious
processes/paperwork involved in Entrepreneurship.

Launch of TiE Resources

TiE Resources is a database being built by TiE Chennai that will be useful to members. It would contain
articles written by the members of TiE Chennai, autobiography and interviews of stalwarts, business
knowledge documents, market research data and the like. This would be common resource documents
made available exclusively for TiE Chennai.

Announcements

Futurepreneur Grand
Challenge
Futurepreneur Grand Challenge aims to encourage
college students towards entrepreneurship by
making them identify micro / tiny entrepreneurs
across Tamil Nadu with exciting and inspiring
backgrounds who have overcome odds and
challenges to get their businesses running. The
students will form as team to identify one or more
entrepreneurs around your locality whom they will
study, analyze and showcase in this Grand Challenge
along with the entrepreneurs. This grand challenge
aims at representing the mass entrepreneurs across
sectors.
 Success Mantras from our Charter Members
Entrepreneurs do get squashed when one loses a large customer but the success
lies in moving on and aiming at next customer – bigger and better!

- V. Shankar, Founder, Computer Age Management Services Private Limited

To hear opportunity knock at the door, you first need to stand near the door. Oh,
and keep those earphones away!

- Chandu Nair, Entrepreneur-Advisor & facilitator

Keep it simple and narrow your focus. Under project and over delivery other way
around spoils your credibility.

- Kritik Abhiram, Founder, Anjanasoft

To get started it is time to quit talking ... go on the stage...and begin doing…

- Chandran Krishnan, CEO, The Chennai Angels Network

2020 will be a stellar year for startups from India. Just remember, that starting a
business is a combination of timing, luck, dream, vision, skill, and a bit of
technology, in that order.

- Venkatarangan Thirumalai, Founder, Little Feet Services Pvt. Ltd.

Anything can sell, Anyone can sell and your customers might love your product!
But, are they paying you enough to stay afloat? Stop loss early!

- Aparna Rammohan, Director, SriSattva Group

TiE CHENNAI – Recent events at a Glance

The entrepreneurs and business leaders should adapt Execution Excellence as the
single most important strategy to achieve the goals and it cannot be just delegated
to others. Execution is Strategy.

- Dr Aravindan Selvaraj, ED & Chief Orthopaedic Surgeon, Kauvery Hospital

Dream of the impossible. Get on a crusade of differentiation and try something

that has never been done before. Greatness will be within sight.

- Reji Joseph, Angel Investor

People ask me when I should go on my own. With my experience I would like to

state that there is no specified time. You do it when there is a huge call from your
heart scolding you being constrained in a job when you should be thinking and
working independently. That is the day. Your age does not matter.

- M. S. Jagan, Independent Consultant

Be the best that no one can ignore you, realize and enjoy the revealing moments
during the journey, trust that life is always fair in the end.
எப்பபாருள்யார்யார்வாய்தேட்பினும்அப்பபாருள்பெய்ப்பபாருள்ோண்பதுஅறிவு.
- Ganapathy Subramanian, Chief Solutions Officer, Nihon Technology

What Industry Leaders Say!

தேடினால் தேடாேதேக்கூட கிதடக்கும் - By Idhayam Muthu as told in

TiECon 2019
- Muthu V R, CEO, Idhayam Oil (During TiECon 2019)

Ups and downs in life are very important to keep us going, because a straight line
even in an E.C.G means we are not alive.

- Ratan Tata, Chairman, Tata Sons and Tata Group

Investor Meetup with Arali
Ventures
- 20th Nov, Wednesday

TiE Chennai's Investor Meetup hosts various VCs

and Angel firms every month and provides a
platform for Entrepreneurs to connect with
Investors face to face and prepare them for
future pitches as well.

How to Build a Startup team

- 10th Dec, Friday

A startup team has to achieve the perfection

analogous to an F1 team by working in unison to
provide the maximum output to itself, its
customers, and its stakeholders.

How to Build "Great Data

Products" with Sahaj Software
- 17th Dec, Tuesday

Data is extremely powerful but can be

overwhelming at the same time; and therefore
building a data product which helps to achieve
these goals can be enormously challenging. Here
we talk about how to identify the right business
problems to solve, select, curate appropriate data
and build the right architecture to bring out the
most important and relevant insights, in a quicker
time-to-market approach that helps the business
to achieve their goals. We will also use multiple
case studies to describe the approaches.
TiENxt – Empowering Young Minds to be Future
Entrepreneurs
- December 23 – December 28, 2019

About TiENxt Program @ DAV School:
The TiENxt is the Brain Child of TiE Chennai. TiE-
Nxt is aimed at fostering our future generation of
entrepreneurs. TiENxt focuses on teaching
entrepreneurship to high school students and
helping them discover the rewards and challenges
of becoming an entrepreneur.
Program Split - The program is split into 3 phases
Phase 1: Class Room Session
Phase 2: Visit to the IIT Madras Research park
Taramani, to meet the start-ups
Phase 3 Business Ideas and Prototype

Introducing the youngest Tie Chennai member and entrepreneur –

Vinusha, 10 years old baker manages Four Seasons Pastry
Inauguration of the Consumer Special Interest Group
- 9th Jan, Thursday

The Consumer SIG is a focused special interest group that aims only to support and build the Consumer
Entrepreneurs' venture.The SIG has an advisory board, consisting of the best and experienced
Entrepreneurs in Chennai who understand the problems of a Consumer Entrepreneur and will provide
mentoring support to its members.

Second Edition: Investor Meetup with Sequoia Capital

- Friday, January 24, 2020

This is a one of a kind event that addresses the Investor/Investee journey.A strategist, an Investor and
an Investee will share insights about how to approach investors, attracting Investors, insight on how
Investors hunt for deals, what Investors look for in a venture and in an entrepreneur, Investment
journey of the Investor and the Entrepreneur and much more.

5th Edition of the TiECixer

- 28th Jan, Tuesday

The TiE CIXER is an informal meetup which brings together the Mentors, Investors and Entrepreneurs
under one roof. The TiE CIXER acts like a support group in order to address Business queries, problems,
give connects and references and solutions.
Coffee with Mentor - Mr. Mahesh Ramachandran

Mr. Mahesh helped us understand HOW we need to add a Valuation to the startup.He shared the
perspective from the point of view of a venture capitalist & from the point of view of the startup.He
explained that Startup Valuation is both an Art & a Science.Even Start up Valuation has a lifecycle &
factors like team, market size & growth, stage of the startup, etc determine Valuation. He also spoke
about the various types of Valuation methods and dotted the entire session with real time examples.
The audience in turn cleared all their doubts during the session & well after the session.The general
feedback was that they were very happy to be able to understand the nuances for valuating their
startups.

Finding Investors
- 31st Jan, Friday

This was an event with differentiation where the speakers showed the investment process from the
view point of an Investor, an Investee and a Strategist journey.A strategist, an Investor and an Investee
shared insights about how to approach investors, attracting Investors, insight on how Investors hunt
for deals, what Investors look for in a venture and in an entrepreneur, Investment journey of the
Investor and the Entrepreneur and much more.
 Leaders Lead!

Dealing with lonely Founders depression?

Depression is more prevalent with Single founders rather than those who manage business with co-
founders. There are days when you are flying with happiness during moments of success and there
times when you feel helpless, solution-less, clueless and alone with no one to look towards. We reached
out to senior entrepreneurs and asked them what they did to overcome during their journey of building
their enterprise.

Staying in the Problem vs. Moving to a Solution

There is a huge difference between "being lonely" and "being
alone". When you are feeling lonely, you feel abandoned, you
feel that no one cares for you. However, when you are alone,
it is more that you own the responsibility for any situation,
and that goes with the spirit of entrepreneurship. However,
it does not mean that you have no access to people or to
solutions. It is your choice to seek them out.
Entrepreneurs may start feeling depressed if they merely stay
in the problem and continue to dwell on it. The problem
starts to grow in their mind, and the mind projects all sorts of
gloomy outcomes and scenarios, that could further
compound the state of hopelessness.
Instead, if they start focussing on finding a solution, not necessarily the perfect solution, the mind
gets energised, and spurs them into action. And, talking about these approaches and solutions with
like-minded people/mentors will assist them to overcome their depressed state, and move
towards implementation and resolution of the problem. And, remember, there is no problem that
does not have a solution.
- J Krishnan ( JK) -MD - UniMity Solutions

Actually, I have a prescription for exactly that and which

I practiced for over 40 years.
1. RUN every day.
2. 10 minutes of Pranayama while streaming sweat
after the run.
You are now ready to face yet another day. I have done this
in over 200 cities of which 30 were outside the country.
Running on a cold winter day into the sea on the quay of the
wharf at Antwerp and being the only person on the quay was
the most memorable. Jogged back to the hotel and
Pranayama and sweat on my face was unbelievably
refreshing and reviving.
Thank you for the opportunity to express this experience.
- Ramabadran Narayanan (Naru)
It's ok to feel down once in a while. If that happens, allocate a
limited time to think and identify what might have caused it. This
analysis is only to determine if the cause could be avoided,
controlled or eliminated by you in future. Set the alarm clock to
ensure you don't spend more than 20-30 minutes on this.

➢ Share your feeling with someone you trust - a friend,

spouse or an elder who will listen.
➢ Engage in a right-brain activity which is very different from
what you normally do - like music, movie, singing, painting,
dancing, cooking, writing, poetry.

➢ Seek company and hold-on to friends who are not judgmental.

➢ Seek uplifting situations and spend time.E.g. playing with children, team games,
meditation, listening to music, enjoying nature
➢ Avoid taking to alcohol or substances to overcome the feeling.
➢ Keep assuring yourself that the feeling is temporary and you are determined to come out
of it and enjoy what you do.

- Srinivasan Viswanathan (Vishy) - Ultimate Business Advisers LLP

Entrepreneurship is generally high stress. Coupled with the usual

close-your-eyes-and-it-doesn't-exist attitude towards mental
issues, this can lead to a potentially deadly vortex of silence.

As it is, entrepreneurs are prone to feeling lonely even if they are

not alone at work, owing to the social isolation that occurs no
thanks to long working hours and the inevitable series of crises that
are constant companions.

It is therefore essential for the entrepreneur to keep a watch out

for potential burnout, be aware of likely signs of impending
depression.
There's nothing more devastating for a fledging business than a founder who's not all there in the
fullest sense

As the Latin saying goes, Menssana in corpore sana - a sound mind in a sound body. If you don't
mind your health you won't have a company to mind. So as a famous superstar says, Mind it !

- Chandu Nair- Independent Consultant

 Various researches done in the recent times show clearly the
challenges of being lonely founders. Confessions made were " it is
painful, it is hard and it is unpredictable ". This a perfect recipe for being
vulnerable to depression!

The most dangerous feature of the lonely founders depression is fear

of failure and Stigma. This creates an imbalanced reality when the
Entrepreneur talks of his successes and ways to reach it to others while
combating with his inner struggles alone. This challenge further
prevents the Entrepreneur from seeking professional support.

As a first important step reach out to a non-judgemental person whom you believe in and
confide!

- Sudha Subramanian-Vice President, Business Development, SIMBYM

Loneliness is a state of mind where one is not comfortable with

oneself. It has a lot to do with the requirement of an individual to
measure everything related to oneself using external yardsticks i.e
living life continuously using a comparator algorithm.

The best way to beat " lonely founders depression " is to stop
comparing focus on the tasks at hand

" *Kungfu Panda Quote *

Yesterday is history,
tomorrow is a mystery,
and today is a gift...
that's why they call it present "

No one ever got anywhere by driving the car by looking into the rear view mirrors or imaging the
road 100 kms ahead.
- Sai Pattabiraman -Sree Sai Aerotech Innovations Pvt Ltd

Loneliness can hit anyone. It’s a common saying that people living in small
dwelling units or even ones without a roof have no worries and hence sleep
well, while many of those sleeping in a/c rooms toss around for over 30
minutes until they fall asleep, and that they have sleep apnea which makes
them wake up often in the night. Sad, but true.

Read more at:

https://www.linkedin.com/pulse/kill-loneliness-shriram-sanjeevi

- Shriram Sanjeevi - Vice President, Levista Coffee

 TiE Insights

Healthcare Industry Insights by Sam Mehta – An Interview

In Conversation with Sam Mehtaon Healthcare. Sam is one of most love senior members of Tie
Chennai and Vice Chairman Board of Directors at The Atlas Family Office, Vice Chairman;
Director, Former CEO ; COO at Dr. Mehta's Hospitals, and Investor Director in many upcoming
ventures.
Health care is going to go through a massive transition in India and around
the world. Clearly, as the world’s population ages we need different
solutions to our problems and a current solutions are going to hack it. This
includes in India we know India has more senior citizens now than America
has citizens. This means that we have over three hundred million people that
are over the ages of sixty or who are in firm and no longer working, because
of disabilities. This translates into one of the world's biggest populations of
senior demographics citizens that need a greater amount of care.

Senior Demographics citizens? Wow, that sounds like a different kind a problem!

On average a senior citizens spends Per year about three times more than
Sam well to do thirty or forty year old citizen or individual in this country. This is
in India the answer is much worse in US Its 1-5 meaning for every one dollar
spent on a healthy 30-40 year old its 5 dollars by a healthy senior citizen in
the us. In India we have a prime Minister scheme the great news is finally
the prime minister is put healthcare has a very serious issue of the political
class. Until now healthcare was considered a plus one debate discussion. it's
finally on the map the challenge is India's has got over a billion people and if
you have three hundred million people how much money are you going to
put aside, to look after these three hundred million senior citizens.

Do you think Government should play a bigger role in this? Or Would Corporate
hospitals be better off left by themselves.
The Answer is healthcare needs are very different this is an era where clearly
Sam we will see a degree of consolidation by corporate players we will see that
disappearance of people who don't believe in quality especially in hospitals.
The growing emergence of different models of health care whether it's
home health, whether it's digital health, whether it's wellness and
prevention will be case in point.

Would schemes and policies by government in healthcare sector be same for the
entire country or should it be each state’s affair?
We will also see for the first decade the reality of government maybe not
Sam having enough capital to spend in healthcare in their own hospitals we will
see that because they will have a burden of senior citizens, they will have a
burden in each state of the Prime Minister & CM scheme. Health is a state
subject but it is nationally driven topic at the moment. I think that’s what
Modi is really trying to enforce that states own up to health. Some states
especially the southern ones have been very good , TamilNadu is excellent,
yes it has dropped points but that’s only because of the complacencies of
the people here or lack of budget or lack of proper oversight, the reality is
the hospitals in the Tamil Nadu that are government runner are amongst
 the best, the universities are amongst the best, and Private hospitals are
the best, There is no doubt about it.

Thank you Sam for your time, got a lot of insights into unexplored healthcare
nuances. We look forward for more discussions with you.

Stayed tuned for another conversation with Sam Mehta on Pharmaceuticals Industry in March
2020 Tigest edition of TiE Chennai

Startup Valuation by Mahesh Ramachandran

Working Capital management by CA. Aparna RamMohan

While all entrepreneurs start encountering the vicious cycle of working capital management, but most
of them ignore to manage till it takes complete control over them and becomes completely
unmanageable. CA. Aparna RamMohan talks about some of the best practices followed by Industry
leaders in managing working capital from the beginning.

Management of Working Capital is an ongoing process for business of all size and shapes across sectors
and could lead to the downfall of an enterprise if ignored over a prolonged period.

While Net Working Capital can be easily explained as difference between Current Assets and Current
Liabilities, the management of the same is probably one of the trickiest challenges faced by the
businesses. On the face of it, the management of working capital, is monitoring and planning the short-
term assets and liabilities of the business to ensure sufficient cash availability at different points of time.
However, the factors influencing them are beyond the control of the businesses or the management,
making its management complicated.

As an indicative list, some of the factors directly which affect working capital would include Nature of
business, Production policy, Credit policy, Inventory policy, Abnormal factors causing losses, Market
conditions, Conditions ofsupply, Business cycle, Taxation policy, Dividend policy, Operating efficiency,
Price level changes, Depreciationpolicy and Availability ofRaw material. To predict, prepare and tame
the influence of external factors on the businesses’ working capital require relevant planning and
implementation of underlying processes.

Generally, working capital cycle starts with infusion of capital in form of cash (interchangeably used for
bank transaction) which is used to purchase raw material, labour and incur overheads. This is used to
generate the output (products or services), which is then sold to customers, who pay us cash which
again is put back into the cycle to generate output. This simple cycle gets complicated with the impact
of “timing”. What if the production or output generation process is delayed? What if sales to customer
is delayed? What if the customer delays in payment or worse case of bad debts?

That gives birth to the concept of “managing working capital”. Planning in advance and setting up
processes to minimize the impact of the timing is the trick of the trade. Five rules to manage timing
efficiently includes Managing Procurement &Inventory, Timing Vendor Payments, Improving
Receivables Process, Timing the Debtors and Financial Decisions of Discretionary or Mandatory.
Click here to read more

Budget Analysis by Advocate K Vaitheeswaran

Advocate K Vaitheeswaran looks deeply into the union budget – 2020 and presents his analysis on the
indirect tax proposals in the budget.

Click here to read more

Industry 4.0 Market Research Report

Globally, the I4.0 market is expected to reach INR 13,90,647 crore by 2023. Countries such as the U.S.,
China, and Japan and European nations such as the U.K., Ireland, Sweden and Austria have all started
adopting I4.0.In India, the sixth-largest manufacturing country, the manufacturing sector forms an
integral part of the country’s long-term vision as seen by the government’s strong focus on the ‘Make
in India’ campaign. The government aims to augment the share of manufacturing in GDP to 25 per cent
from the current 17 per cent, by 2022.

Click here to read more

We Thank

Cover Page Photo – Wikipedia

Fact file on ValluvarKottam–Wikipedia
Authors and Contributors of various content for this newsletter

To contribute Content for TiE Monthly Newsletter – TIGEST, please email us your write up to
praveena@tiechennai.org