Mayur Patel

(PGDM - DLP/ HB)

HPGD/JL21/0624
VIVA Presentation
 WE LOUNGE
Mayur Patel
 Debadutta Upadhyaya the co-founder of timesaverz.com has shared
some valuable information and below given are few pointer based on
her Experience and Goal :

The Goal:

Debadutta Upadhyaya and Lovnish Bhatia are the co-founder of

Timesaverz having started in 2012, a unique India’s first marketplace to
serve the needs of Indian households with head office in Mumbai and
operation in 3 cities. Lovnish working as a Chief Operating Officer and
Debadutta working as a Chief Executive Officer. In next coming quarter
both the partner are aiming to reach more and more customer to which
they can add more services so they can start evolving into
comprehensive service provider. Moving forward Company’s goal is to
Ms. Debadutta Upadhyaya
expand vertically into the set of categories to genuinely address
Co-founder & CEO: Timesaverz
customers’ needs and built a profitable

Mayur Patel
 Professional Journey:

Debadutta started her professional career with Times group followed by Yahoo and then Vdopia. She was studying
Journalism and Pranab Roy was her ideal at that time as she wanted to become like him. She wanted to be a Journalist
but ended up being into Sales department in Times group. Later in 2012 Timesaverz came to her as an opportunity with
full of promises.

On Leadership:

Timesaverz has given a social recognition to Debadutta of being a leader of a team that’s out to built something unique,
something viable and something that’s going to change the life. Attitude is the key is the Myntra she looks for whiles
hiring. Leadership to her is about channelizing the only thing that differentiates one company from another. It's about
giving people their space but step in at the right time to avoid any casualty coming out of inexperience that can be
harmful to the company's progress. Leadership is about less “I” and more “We”.

Family:

Debadutta balances her professionally and personally life well as she has her family support. Her husband’s company
specializes in the content space and have a 10 year old son who is absolutely a stress buster. Grew up in a family that
supports her in career paths.

About Indian Startups:

Its encouraging her as far as ideas and risk-taking attitude of fellow entrepreneurs are concerned, but they needs to
cover some ground as far as mentorship is concerned.
Mayur Patel
 Professional Journey:

Mr. Paresh Chaudhary has almost 24 years of experience in

Brand Communication and Reputation Management across
Industries and Key Global Market. He has been associated with
Reliance Industries (as a Group President - Corporate
Communication), Hindustan Unilever (as a Head of Corporate
Communication), Ranbaxy (as a Business Communication
Partner and Key Account Director) and Wockhardt (as a Head of
Marketing).

Founder president of The Indian Forum in Corporate

Communication (IFCC), he’s acclaimed speaker and guest faculty
to the two management Institutes, Mass Media and Brand
Educational colleges.

Mr. Paresh Chaudhry

CEO: Madison PR madisonindia.com

Mayur Patel
 He's passionate about strategic Business Communication, Employees Engagement and Social responsibilities.

His thought are like, If you do good to the society, you been seeing to do good and will do good business for the life.
Corporate communication is about adding value to people around you, it's about building the reputation for the
Business / Company.

As per Paresh, PR is maintaining, enhancing and building relationship with stakeholders and to raise the public profile
and public opinion for a Brand or a Company is called PR in Communications. Communication to him should be
effective, transparent, robust and timely.

Achievements:

The biggest achievement of Mr. Chaudhary in Smith Kline Beecham was initiating best practise in CSE and was
awarded as the best global CSR.

Mr. Chaudhary was a key member on behalf of Ranbaxy to the press conference held in Ranbaxy facilities in India, he
hosted former President Bill Clinton of USA .

The very first year of Mr. Chaudhary joining Madison, the Company was awarded as PR Agency of the year 2013 under
his leadership. His take-away : Communication Agency is a people lead organisation, people working there should be
capable, passionated, motivated else the Business will be a failure.

In Madison, Mr. Chaudhary’s vision for next year was, to expand their team, double the business and to see
themselves in top 10 in coming year and in top 5 by following year.

Mayur Patel
 Goal:
Ahmed Naqvia is the co-founder and CEO of gozoop.com.
Gozoop was founded in 2010 in a small Garage in
Santacruz, Bombay and was expanded in Dubai in 2011
and in South Asia in 2012. Since then they growing
gradually and today the team is with 145+ working across
India, Dubai and Singapore. Gozoop means, going fast in a
destructive manner.

Gozoop caters in Integrated Marketing services like, Social

Media Marketing, Online PR, SEO, UI/UX design, Web
consultant etc with first few clients like Made over Donuts
and Snapdeal.com. For a successful entrepreneur sales
skill is extremely crucial. Ahmed is looking forwards to
expand in many other countries tying up with many more
brands under Gozoop.

Mr. Ahmed Naqvia Co-founder & CEO : GOZOOP

Mayur Patel
 Professional Journey:

Ahmed studied in Jain Hind college and did Engineering from DG Sanghvi colleges and use to sell sunglasses and
watches Online. Ahmed is from Engineering background as a Software Developer, worked in Oracle and JP Morgan and
then as an Investor Banker. At the age of 23 Ahmed he left his Banking job to pursue Entrepreneurship and that’s where
Gozoop was born.

“It can be done well, it will be done well is Ahmed’ Mantra”

Personal life:

Ahmed loves meeting people, entrepreneurs, exchanging ideas and Gozoop gives that opportunity to travel around and
meet people from different industry. Scuba diving, Surfing and Cooking is his passion in his life. Bali is the best place for
surfing. He enjoys Tollywood movies. He good at multitasking.

He loves to start his day with exchanging smiles. He’s writing a book on Startups with all the learning he had so far. “If
you don’t risk it, better forget it” is the phrase from the first line of his book and he strongly believe in this phrase.

Charity:

Ahmed has founded Abhi foundation an NGO which uses the power of sports to change lives. They trained 2 girl kids
from Dharavi, gave them best training, best sports equipments, best nutrition and trained them with the best coaches and
in the year’s time they both were in the Maharastra’s Hockey team. Gozoop is closely associated with Abhi Foundation
and helps kids lives improve through sports.

Mayur Patel
 WE TUBE
Mayur Patel
Mayur Patel
 Financial Statements

Importance Uses
➢ Traces differences from Past to
➢ Requirements of Lenders
Present.
➢ To Understand the Future ➢ Helps to measure the Profitability.
➢ Better Awareness about ➢ Concise Summary for particular
Current Position Period
➢ Arithmetical accuracy to ➢ Reports effect of the plan of
Operation on different
Future Plans components

Mayur Patel
 Accounting Concepts and Conventions

Examples of Concepts Examples of Conventions

➢ Entity Concepts
➢ Dual Aspect Concept
➢ Going Concern Concept
➢ Money measurement Concept
➢ Cost Concept
➢ Convention of Full Disclosure
➢ Convention of Materiality
➢ Convention of Contingency
➢ Convention of Conservatism

Mayur Patel
 2) Basic Deductions
~Prof. Suresh Pujari
Deduction
➢ A deduction is an expense that can be subtracted from a taxpayer's gross income in
order to reduce the amount of income that is subject to taxation

Meaning of Gross Total of Income

➢ Gross income for an individual consists of income from wages and salary plus other
forms of income, including pensions, interest, dividends, and rental income

Mayur Patel
 Types of Deductions
➢ Section 80C :- Allows deduction for investment made in LIC premium, PPF, ELSS,
Principal amount payment towards the Home Loan, stamp duty and registration charges of
property, Sukanya Samriddhi Yojna, NSC Certificate, tax saving FD for 5 years etc.

Section 80C is one of the most popular and favourite sections amongst the taxpayers as it allows
to reduce taxable income by making tax saving investments or incurring eligible expenses. It
allows a maximum deduction of Rs 1.5 lakh every year from the taxpayers total income
The benefit of this deduction can be availed by Individuals and HUFs. Companies, partnership
firms, LLPs cannot avail the benefit of this deduction

➢ Section 80 CCC :- Deduction for life insurance annuity plan.

80CCC allows deduction for payment towards annuity pension plans Pension received from the
annuity or amount received upon surrender of the annuity, including interest or bonus accrued on
the annuity, is taxable in the year of receipt.

Mayur Patel
 ➢ Section 80D :- Medical Insurance
You (as an individual or HUF) can claim a deduction of Rs.25,000 under section D on insurance for self, spouse
and dependent children. An additional deduction for insurance of parents is available up to Rs 25,000, if they are
less than 60 years of age. If the parents are aged above 60, the deduction amount is Rs 50,000,
In case, both taxpayer and parent(s) are 60 years or above, the maximum deduction available under this section
is up to Rs.1 lakh.
➢ Section 80DD – Disabled Dependent - Deduction for Rehabilitation of Handicapped Dependent Relative

Expenditure incurred on medical treatment (including nursing), training and rehabilitation of handicapped
dependent relative deduction is available to a resident individual or a HUF and is available on:
b. Payment or deposit to specified scheme for maintenance of handicapped dependent relative.
i. Where disability is 40% or more but less than 80% – fixed deduction of Rs 75,000.
ii. Where there is severe disability (disability is 80% or more) – fixed deduction of Rs 1,25,000.
To claim this deduction a certificate of disability is required from prescribed medical authority.

➢ Section 80E – Interest on Education Loan -Deduction for Interest on Education Loan for Higher Studies
Deduction is allowed to an individual for interest on loans taken for pursuing higher education. This loan may have
been taken for the taxpayer, spouse or children or for a student for whom the taxpayer is a legal guardian. 80E
deduction is available for a maximum of 8 years (beginning the year in which the interest starts getting repaid) or
till the entire interest is repaid, whichever is earlier. There is no restriction on the amount that can be claimed.
Mayur Patel
 3) MEDIUM TERM SOURCE OF FINANCE FOR SME’S
~ Prof. Rahul Shah

Definition of SME’S

As per the RBI(Reserve Bank of India) Notification a small medium enterprises (SME) may be
define :- any unit with investment in plan and machinery in excess of SSI limit and up to 10crores
may be treated as small medium enterprises (SME)

Mayur Patel
 Characteristic
➢ Small Medium Enterprises (SME) can be define as having
three main characteristic
1) Company that are not quoted on a stock exchange at is – they are
“unquoted”

2) Ownership of the business is typically restricted to a few individuals.

often this is a family connection between the shareholder .

3) Many SME’s ate the means by which individuals effectively achieve

Self-employment.

Mayur Patel
 Source of Finance
TYPE TIME PERIOD
➢ Long Term ➢ Usually more than 5 years
➢ Medium term ➢ One year but not less than 5 years
➢ Short Term ➢ Less than 1 year

Mayur Patel
 4) How to Grow Your Business Internationally
~Prof. Punit Thakkar

Like all things if life “growth” of an enterprise come at cost. It is output derived through hard work
and efficient planning, in the rather dynamic and an unpredictable market, especially in a
development country like India

3 most important things.

1 Focus on getting the right people on board - Always make sure
in an organisation there should be people in with right the skill and basically better
than you. Have a people in your team with right mind set with right
complementary skill.

Mayur Patel
 2 Entrepreneurs need to master “Marketing” - Marketing is a vital
process for entrepreneurs because no venture can become establish and grow
without customer market.Goan are the days when a hard working entrepreneurs
could rely only on his exceptional operation skills to get him the pinnacle. Today
fiercely competitive market, an entrepreneurs must know how to sell himself as
well as his product and services

3 Don’t be afraid of Acquisitions but DO NOT ‘over sell’

either - “ Never goes wrong commitments to the customers”
Indian entrepreneurs are not know to be keen on mergers and acquisitions. It
is habit that certainly needs to change, Its is better to change the business
model every five to seven years because the market keeps on shifting at
certain interval of time.

Mayur Patel
 Lets more understand the tips an having a effective
international business :-
➢ Focus on what you want to be - Note what you are - Don’t base decision
on where you are - base them on what you want to become. One of the
first things i ask client is what type of company they want to become -
1M a year turnover 2M?

➢ Learn from successful competitors who have scaled - think about how
they’ve done it. Finding out how many staff they now have could give
you a rough idea and how many you’ll need. Where are they selling and
how?

➢ Never compromise on quality or consistency - They both enable growth.

There's no point growing if your product or customer service
deteriorates, because customers will go elsewhere. Having the right
process, culture and staff is key to maintain quality throughout.

Mayur Patel
 5) International Taxation
~Prof. Punit Thakkar

➢ International taxation is study of tax on person or business subject to tax laws

of different countries or the international aspect of an individual country’s tax
laws.

➢ If you are a resident of India, your global income will be taxed in India weather is
earned in India or outside India subject to DTAA(Double Taxation Avoidance
Agreement) with the foregin countries, Hence the income earned in the foreign
country and remitted to India will not be taxable in India.

Mayur Patel
 Type of taxation

The twin objective of taxation are :

1 Tax Neutrality :- Its meet three criteria

➢ Capital Export Neutrality : the tax scheme does not incentivize citizen move their
money abroad
➢ National Neutrality : taxable income is taxed in the same manner by the
taxpayer’s national tax authorities regardless of where in the world it earned.
➢ Capital Import Neutrality: the tax burden on a MNC subsidiary should be the
regardless of where in the world the MNC in incorporate.

2 Tax Equity:-
➢ Regardless of the country in which an affiliate of a MNC earn taxable
income, the same tax rate and tax due date should apply.
➢ The principle of tax equity is difficult to apply, the organisation from of the
MNC can affect the timing if the liability
Mayur Patel
 Type of Taxation
Income Tax
➢ An Income tax is a tax on personal and corporate income
➢ Many countries in the world obtain a significant portion of their tax revenue from
Income Taxes.

Withholding Tax
➢ Withholding taxes are withheld from the payments a corporation makes to the
taxpayer.
➢ A withholding tax is an indirect tax which including dividend and interest income,
income from royalties, patents, or copyrights.

Value added tax

➢ A value- added tax is and indirect national tax levied on the value added in
product of good or service.
➢ In many European and Latin American countries the VAT has become a
major source of taxation on private citizens.
Mayur Patel
 NEWSWIRE
Mayur Patel
 INDIA ATTRACTED RECORD USD 14.5 BN INVESTMENT IN RENEWABLE ENERGY LAST FINANCIAL YEAR

Investment in renewable energy in India reached a record USD 14.5 billion last
financial year 2021-22, an increase of 125 per cent compared to 2020-21 and 72 per
cent over pre-pandemic 2019-20,

The report highlights the key investment deals made during FY2021-22. It finds the majority of the money flowed through acquisitions,
which accounted for 42% of the total investment in FY2021-22. Most of the other big deals were packaged as bonds, debt equity
investment and mezzanine funding.

After falling by 24 per cent from USD 8.4 billion in 2019-20 to USD 6.4 billion in 2020-21 when the pandemic curbed electricity demand,
investment in renewable energy has made a strong comeback.”

The largest deal was SB Energy’s exit from the Indian renewables sector with a sale of assets worth USD 3.5 billion to Adani Green
Energy Limited (AGEL). Other key deals included Reliance New Energy Solar’s acquisition of REC Solar holding assets and a host of
companies like Vector Green, AGEL, ReNew Power, Indian Railway Finance Corporation and Azure Power raising money in the bonds
market.

Mayur Patel
 “The Indian renewable energy sector needs about USUSD 30-USUSD 40 billion annually to meet the 450GW target.

Rapid growth in renewable energy capacity will be needed to meet India’s increasing electricity demand. To move to a sustainable
pathway and reduce reliance on expensive fossil fuel imports, Garg says the government needs to act as an enabler by rolling out
‘big bang’ policies and reforms to accelerate the deployment of renewable energy.

“This means not only increasing investment in wind and solar power capacity, but also in creating an entire ecosystem around renewable
energy,”

Mayur Patel
 2) HOW WILL UPI LINKING WITH CREDIT CARD BENEFIT
CUSTOMERS?

Mayur Patel
UPI-Credit Card Linking Benefit for customers: Linking of credit card with UPI will further
increase the usage of UPI, providing users another option to chose how they want to pay.
The much awaited linking of credit cards with UPI for making mobile transactions is going to
be a reality soon. The Reserve Bank of India on Wednesday (8th June 2022) proposed to
allow linking credit cards with UPI for payments. Initially, this facility will be available for Rupay
Credit Card users only.

Experts say that linking of credit card with UPI will further increase the usage of UPI,
providing users another option to chose how they want to pay.
Anjan Dasgupta, Partner, DSK Legal, said that linking UPI platform with credit card will
immensely benefit customers. However, this linking facility should not be restricted to
Rupay credit cards only.
“All credit cards using payment processing networks like Visa, Mastercard and Amex etc.
should be allowed immediate access otherwise this initiative would seem discriminatory
specially since RuPay is an Indian financial services and payment service system, conceived
and launched by the NPCI. The others are all foreign networks. I don’t see a reason why this
is only going to be first rolled out with RuPay credit cards. System development can be
completed simultaneously for all credit cards,” he added.
Mayur Patel
 3) ESSAR POWER TO SELL TRANSMISSION LINE TO ADANI FOR
RS 1913 CRORE

In a statement, Essar Power said it “has entered into a definitive agreement with Adani
Transmission Ltd to sell one of its two transmission lines for Rs 1,913 crore

Mayur Patel
 In the last three years, Essar Power has reduced its debt from a peak level of around Rs 30,000 crore
to Rs 6,000 crore. It has also been in the process of curating a green balance sheet around renewable
energy, which is in line with its strategy of investing in future-centric businesses which give a superior
rate of return within the ESG framework.

Kush S, CEO, Essar Power, said, “With this transaction, Essar Power is rebalancing its
power portfolio with the twin objective of deleveraging its balance sheet and investing in
green and renewable power, thereby furthering its ESG-oriented future growth

Essar Power has a current power generating capacity of 2,070 MW across four plants in India
and Canada. It is one of India’s first private sector independent power producers.

Mayur Patel
 4) GST REVENUES AT NEARLY RS 1.41 LAKH CR IN MAY 2022

GST revenue for May stood at nearly Rs 1.41 lakh crore, a 44 per cent increase over the same month last year, the Finance Ministry said on
Wednesday. Bucking the month-on-month increasing trend of the last two months, the Goods and Services Tax (GST) revenues came in
lower than the record high collection in April at Rs 1.68 lakh crore. In March GST revenues were at Rs 1.42 lakh crore, while in February it
was Rs 1.33 lakh crore.

Mayur Patel
 The revenues for the month of May 2022 are 44 per cent higher than the GST revenues in the same month last year at Rs 97,821 crore. This
is the fourth time that the monthly GST collection has crossed Rs 1.40 lakh crore mark since the inception of GST and the third straight month
since March 2022.

The collection in May, which pertains to the returns for April — the first month of the financial year — has always been less than that in
April, which pertains to the returns for March, the closing of the financial year.

However, it is encouraging to see that even in the month of May 2022, the gross GST revenues have crossed the Rs 1.40 lakh
crore mark, the Ministry said.

The total number of e-way bills generated in the month of April 2022 was 7.4 crore, which is 4 per cent lesser than 7.7 crore e-way bills
generated in the month of March 2022

Mayur Patel
 5) SWIGGY ANNOUNCES ACQUISITION OF DINEOUT

Swiggy announced that it has entered into a definitive agreement with Times Internet to acquire Dineout. WIth this move, Dineout will
continue to operate as an independent app post the acquisition.
Mayur Patel
 Dineout brings with it an industry-leading network of over 50,000 restaurant partners along with invaluable experience and proven technology.
Swiggy will benefit from this, along with Dineout’s team, who are passionate about the restaurant dining out category. Founders Ankit
Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor will join Swiggy once the acquisition is completed.

Sriharsha Majety, CEO, Swiggy commented on this and added, “Dineout is a well-loved brand that enjoys loyalty from both consumers and
restaurants. Times Internet and the founding team should be credited for the transformational impact they have brought about in the dining
out experience through their products, technology and vast selection of restaurant partners. The acquisition will allow Swiggy to explore
synergies and offer new experiences in a high-use category.”

Satyan Gajwani, Vice Chairman of Times Internet said “We are proud of the positive impact that Dineout has created for consumers and
restaurants, helping streamline and improve the eating out experience. Swiggy + Dineout is a powerful combination, and we are excited to
join forces with Swiggy as we continue to look for ways to delight customers,”

Mayur Patel