Technology
is common to all. You can buy the same servers, the same routers,
and the same software that any of your competitors do. What's
uncommon, though, is the innovativeness that goes into its application.
And the innovativeness comes from having both a vision for technology
and the skills to execute on it. For the last two years, Business
Today has been publishing an annual compilation of the best technology
users in India. In this, our third listing, you'll find innovative
IT users from across a wide range of sectors. There's a telecom
giant that is building India's biggest broadband network, a financial
services company that is using IT to tap small towns, an eye hospital
that is delivering world-class care wirelessly, and an IT services
company that is farming out its own backoffice work to a rural
BPO. Out-of-the-box thinking? You bet.
ARAVIND EYE CARE
Tech With Vision
Where eye care is online.
|
Clear vision: A brilliant example of
tech for the poor |
Aravind eye care
system has taken low-cost, but hi-tech eye care out of its five
hospitals and into Tamil Nadu's villages where thousands of people
run the risk of going blind from diabetes. How? Aravind has state-of-the-art
mobile vision centres that allow technicians to screen patients
and zap the images to doctors at the other end of the computer.
They can then decide if a trip to the hospital is required. Says
R. Kim, head of the telemedicine set-up: "Given the advances
in technology, there is no reason why we shouldn't be able to
address patients not just across the state, but across the country."
Why not indeed?
-Rahul Sachitanand
|
BALCO's Baid: Ringing the change |
BALCO
Convergence Co.
Metal basher, but IT-savvy.
Eight months
ago, when plain old telephony seemed incapable of taking the heat
emanating from its shop floor, BALCO didn't yank off the copper
wires and go back to asking its workers to yell across to each
other. Instead, it brought in state-of-the-art IP telephony system.
That's just one of the changes the erstwhile PSU's new owners,
Anil Agarwal's Vedanta Resources, have ushered in as part of their
it mission, tellingly named "Sarva Sampurna" (it means
self-reliant). From the next fiscal, balco's Korba plant in the
back-of-beyond of Chhattisgarh will install Radio Frequency Identification
(RFID) technology, which will enable the company to track all
moving objects within its premises and make its materials handling
system completely automated. The company has invested Rs 2.7 crore
in building this infrastructure, but plans to spend another Rs
13 crore on beefing it up. It has roped in Pricewaterhouse-Coopers
(PWC) to make its journey towards communication convergence a
smoother one, putting in place an advanced sap backbone, corporate
finance management, and treasury management. Once in place, it
will allow BALCO to start hedging on the London Metal Exchange.
"Technology is something that evolves, and it is not something
to be used only by the techies," says C.P. Baid, President,
BALCO. That would explain the 15 touch-screen kiosks placed strategically
across BALCO's 2,700-acre township near Korba.
-Ritwik Mukherjee
BSNL
Big Daddy Of Broadband
It plans to wire up the whole nation.
|
BSNL's Dube: Talking broadband to the
masses |
At a mere 930,000
broadband connections at the end of December 2005, India may have
fallen far short of its target of 3 million connections, but if
Bharat Sanchar Nigam Ltd (BSNL) has its way, millions of Indians
will soon be cruising in cyberspace. The telco, India's largest
with over 52 per cent share of the broadband market, plans to
up the numbers to an impressive 4 million by next year. Its secret
weapon: A spanking new National Internet Backbone project created
at an investment, so far, of Rs 250 crore.
To be scaled up in stages, the project consists
of an IP-based network backbone that would provide the base for
other parts of the project, including a caller line identification
(CLI)-based dial-up internet set-up all over the country, and
always-on, high-speed broadband on ADSL technology, which is still
being set up. (ADSL is asymmetric digital subscriber line, which
is what your broadband service provider offers when you are able
to download at 512 kbps, but upload at only half that speed.)
The CLI-based dial-up will save the user the trouble of having
to log on to the network, since the server will recognise the
number and automatically log the user on. BSNL, which got Cisco
and HCL to implement the network backbone, plans to ramp up broadband
numbers from 550,000 in 244 cities to 1 million in 300 cities
very soon, and further to 3 million in 600 cities by next year.
Apart from BSNL's own internet and broadband
service, "the most modern network backbone in the world"-as
the telco likes to describe it-supports virtual private networks,
data services, and billing and system support. BSNL already has
laid 71 nodes in different cities and is in the process of adding
30 more at various other locations. The plan is to bring all district
headquarters within this network, putting 150 additional nodes
by next year. As the network gets ramped up in stages, subscribers
can expect to get better service. "BPO services running on
this network backbone can be sure of getting most reliable and
uninterrupted services," promises R.L. Dube, Director (Planning
& New Services), BSNL.
Existing BSNL customers need not worry about
having to ask for a switchover to the new network. They get automatically
transferred to it. Currently, the network can handle 1 million
subscribers (which means a lot of the bandwidth is actually underutilised),
but BSNL will be raising the capacity to 4 million by next year.
"The network backbone's capacity is enormous, and it is getting
loaded now," says Dube.
Ladies and gentlemen, bring on the gigabits.
-Shaleen Agrawal
|
CPT's Suresh: Keeping an eye on it all |
CHENNAI PORT TRUST
Turnaround Artist
If only the ships could be virtual too.
Chennai Port
Trust chairman, K. Suresh, doesn't have to leave his office complex
to find out what's happening at his busy port. Its Port Surveillance
Management System, the only one of its kind in the country, uses
25 cameras to capture images at various vantage points across
the port that then get transmitted to a satellite, which beams
it back to an array of TV screens in a monitoring room. The system
not just keeps port workers and officials on their toes, but is
helpful in averting disasters. Like a recent incident, where a
ship collided with a cable line and a small fire broke out. With
the cameras watching, the ship was quickly alerted and the fire
contained. Its surveillance system isn't the only reason why CPT
is easily India's most wired port manager. In the last 18 months,
the port has moved online (using mainly in-house expertise) all
transactions relating to payments, refunds and Customs. Even tenders
are placed online, as are orders for new equipment. "Our
next goal is to reduce the complexity in cargo booking by using
technology," says Suresh. That means locating, tracing and
handing over containers to customers online. Although turnaround
time is still fed manually into computers every six hours, close
monitoring has upped throughput from 36 million tonnes in 2003-04
to 47 million tonnes in 2005-06.
-Nitya Varadarajan
CRISIL
Agile Business
It's a rating firm, KPO, newswire...
|
CRISIL's Shah: Look ma, not wires |
Almost everyone
knows that CRISIL is India's top credit rating agency. But few
know that it also does outsourced equity research and offers real-time
market news. And enabling Mumbai-based CRISIL's versatile growth
is? "it is driving a lot of products in each area of our
business," answers Hiren Shah, Director (Technology), CRISIL.
Most of the agency's products are bundled as software and delivered
online. It has tools and ratings on the web that clients can simply
download from the net. Clients can also access CRISIL's research
data online. In fact, the end-to-end workflow is fully automated,
right from hiring to its finance and accounting function. "This,
I think, is kind of unique," says Shah. The agency has a
team of dedicated project managers who work with the businesses
and help in implementing ideas that have it anchor points in the
trade. But as Shah points out, CRISIL doesn't follow the latest
technology blindly. Instead, it uses what makes most sense for
it. But then, you wouldn't expect a credit rating agency to take
on unnecessary risks, would you?
-Ahona Ghosh
|
Cultivating a change: For Andhra's farmers,
help is just an e-mail away |
eSAGU
Picture Perfect
Farmers in Andhra go digital.
Find it too
expensive to take the internet and the pc to farmers? No problem.
The Hyderabad-based International Institute of Information Technology
(IIIT), along with Media Lab Asia (an academic research programme
seed funded by the Government of India), has come up with an innovative,
low-cost solution to connect agri-experts with the state's farmers.
Launched in 2004, the eSagu project (Sagu in Telugu means cultivation)
works very simply. Providing the crucial link between the farmers
and the agri-experts is a coordinator (typically an educated and
experienced farmer himself), whose job it is to visit 25 to 30
farms every day between 6 a.m. and 3 p.m. The coordinator takes
a digital camera along to take pictures of the affected crop or
animal that he gets burnt onto a CD and couriers it to the experts
for as little as Rs 20. The experts examine the pictures and respond
to the coordinator by e-mail, which is printed and read out to
the farmers concerned. All this in a matter of 24 to 36 hours.
Last year, the project covered 1,051 farms, with 14 coordinators
and five agri-scientists. This year, it is getting extended to
5,000 farms, with 50 coordinators and 10 scientists. Two years
ago, cotton was the only crop covered, but now there are six others,
including rice and chillies. Expanding it to the whole of Andhra
would mean covering 30,000 villages and 10 million farmers, involving
an investment of Rs 720 crore on 6,000 centres (one for every
five villages), besides a recurring cost of Rs 350 crore per annum.
The estimated net benefit to the state: Rs 4,000 crore a year.
"The programme can become self-sustaining," says P.
Krishna Reddy, head of the project at IIIT, "if the farmers
contribute just Re 1 per acre per day." The good news: Andhra's
farmers are more than willing.
-E. Kumar Sharma
GATI
Smart Shipper
Box with brains.
|
GATI's Kumar: Making the leap |
It serves 594
districts out of the 602 in the country, its customers can track
shipments over the internet, mobile phone or e-mail, and even
get automatic delivery acknowledgements on their cell phones.
What makes all that possible at GATI? An in-house enterprise management
system (called gems) that took Rs 20 crore and 30 months to design
and implement. gems rides on a wide area network, connecting its
100-plus major locations via leased lines, while the rest of the
locations connect to the central server using dial-up, broadband,
cable or isdn connections. "In the last three years, we have
moved to a position where we can handle double the business growth
with marginal increase in people and infrastructure," boasts
G.S. Ravi Kumar, GATI's CIO. Clearly, technology pays.
-E. Kumar Sharma
|
Geojit's George: He bet on technology
easy on |
GEOJIT SECURITIES
Of Mouse And Bull
It took online trading retail.
Where is one
of India's largest retail brokerages located? No, not Mumbai,
home to the two principal stock exchanges, but Cochin. If the
odd location hasn't hurt Geojit's growth (its income in the first
nine months of 2005-06 was Rs 60 crore), it is as much due to
the firm's strong it backend as its offline presence. Developed
jointly with Sun Microsystems, its Mercury Online System enables
customers to trade remotely in a variety of financial instruments.
"With only 35 phone lines, Geojit couldn't keep pace with
the number of people wanting to trade, particularly in the morning
rush hour," says Managing Director C.J. George, explaining
how the firm made its online foray way back in 1998. It clicked.
-Kushan Mitra
ICICI LOMBARD
Wired To Serve
Meet anytime, anywhere agents.
|
There, your policy is ready: Generating
a policy is a 10-minute job |
Consider what
a typical insurance agent at ICICI Lombard has to juggle on every
sales call: 50 different products, each with multiple options
and yet only one right fit for each client. The cost of getting
it wrong isn't just an unhappy customer, but a hit to the bottom
line; it costs 20-30 per cent of the first year's premium to acquire
a customer. The top private general insurance company realised
early on that it wouldn't make much headway doing business the
traditional way. "We have always believed that having cutting-edge
technology gives us a competitive edge," says Anuj Gulati,
Head of it, ICICI Lombard. How does the cutting-edge technology
manifest itself to the customer? By way of anytime, anywhere agents.
Using a laptop or palmtop connected either to a broadband or dial-up
line, the employee taps into a central server through a wide area
network. There, he/she can access the advanced end-to-end policy
issuance framework. "The system is designed to generate a
policy in less than 10 minutes," says Kishore Badami, Senior
Director, Citrix Systems India, which provided the cost-effective,
scalable Meta Frame server software. Technology has played a key
role in ICICI Lombard's quick ramp up. From just seven offices,
30 policies a day and Rs 22 crore in business in 2001, the insurer
now manages 1,100 offices, 3,000 policies a day, and revenues
of Rs 885 crore in 2004-05. "We believe that we are a technology-enabled
distribution company," says Gulati. That's just the attitude
the insurer may need to stay ahead of the pack.
-Venkatesha Babu
|
Click to complain: Empowering the people |
KERALA
e-Governance State
Comrades learn to love their computers.
When the Kerala
it mission first kicked off its e-governance and connectivity
initiatives five years ago, Left-leaning state employee unions
screamed bloody murder. But it didn't take too long to convince
them otherwise. The "Friends" (fast, reliable, instant,
efficient network for disbursement of services) centres for utility
bill payments proved so popular (30 lakh transactions worth Rs
260 crore took place at these centres in 2005-06 alone) that the
administration now feels emboldened to take its other it project,
Akshaya, across the state. Not incidentally, the most backward
district in North Kerala, Mallapuram, was chosen for the pilot
Akshaya project, and today there are 450 such centres in it. "These
centres provide not just internet access but allow people to pay
a host of bills and access various government notifications, orders
and bills online," says Anand Singh, Director, Kerala State
Information Technology Mission. Many e-governance activities including
e-parathi (District Collector's Grievance Redressal System) and
Enrich (an initiative for grassroot-level data collection and
publication through a website run by the National Informatics
Centre) are run through these centres and the district administration
is using the Akshaya Network to digitise 30 lakh birth, marriage
and death registrations. According to Singh, the state government
will cover the entire state by 2007, with every panchayat in the
district housing two-three Akshaya centres. Good governance in
Kerala, it seems, is round the corner.
-Rahul Sachitanand
KHADI & VILLAGE
INDUSTRIES COMMISSION
Retailer To Rural India Inc.
Artisan's Best Friend.
|
A Khadi outlet: The bar code reader
is a novelty |
Not too long
ago, the Khadi Gramodyog in Delhi couldn't tell exactly how many
products were coming into its stores and how many were selling,
not to mention those that either got damaged or lost in transit.
Not any more. Under an ambitious it implementation programme,
Khadi & Village Industries Commission (KVIC)-a mammoth organisation
with Rs 13,105 crore in annual sales and presence in 300,000 villages-has
begun wiring up its 33 agencies, called Khadi Gramodyogs. It's
still a work in progress-only five of them, including Delhi and
Mumbai, have been automated-but the results have quickly come
in. The Delhi unit alone is expecting a 40 per cent jump in sales
to Rs 100 crore in 2005-06. "Product bar coding and online
billing and inventory management have streamlined day-to-day operations,"
says J.L. Chaudhuri, Deputy CEO of KVIC. "With the entire
system becoming more efficient, the centres concerned have been
able to save costs and even increase sales," he points out.
Adds S.P. Singh, Director, Khadi Gramodyog, New Delhi: "We
could handle much larger traffic last year, thanks to the new
electronic system put in place."
The task of automating KVIC isn't easy. The
33 agencies have historically had a diffused structure, with each
having its own set of vendors and sourcing arrangements. That
means, the offices have to be connected at three levels. First,
the local agencies have to be connected with their branches and
godowns, of which there are at least three in every state capital.
And then these branches have to be connected with KVIC. "Imagine
what happens when all-India operations become online," says
Singh. One gets the picture.
-Archna Shukla
|
Lucas-TVS's Nair: Not quite Toyota,
but aiming the get there |
LUCAS-TVS
Tier I Designs
It builds its own products.
In an industry,
where suppliers largely work like job shops, Lucas-TVS is a vendor
with ambition. A startling 65 per cent of the products in its
portfolio-it makes a variety of electrical components such as
starter motors and alternators-are due to its own R&D (The
rest are licensed, mainly from some Japanese companies). It's
easy to see why. More than 150 engineers and 50 technicians work
in its new product development centre, with focus on three areas:
new applications, new platforms and new technology. Since the
computers are wired into various plants, the drawings can be shared
with supervisors and plant floor engineers on a real-time basis.
The company spent 3.5 per cent of its Rs 750 crore revenues on
R&D in 2004-05, but plans to increase it to 4.5 per cent in
2006-07. The pay-off: A huge product pipeline; 120 applications
are being developed for this financial year-an average of 12 per
month. Says K.R.A. Nair, Executive Director (Development): "In
the auto components industry, we would be among the largest on
this front.'' Nair's goal next is to reduce the product development
cycle time. Currently it takes anywhere between 15 and 18 months
to develop a new product, and between four and eight months for
a variant of an existing product. Nair hopes to shave off at least
a couple of months from new product development cycle time.
-Nitya Varadarajan
MAHINDRA & MAHINDRA
Makes Cars And History Too
It's old economy only in name.
|
M&M's Goenka: Reviving up on customisation |
When vehicle
manufacturers launch a new car, they generally talk about how
great the product is. Mahindra & Mahindra (M&M)'s Vice
Chairman, Anand Mahindra, did too, when he launched the new souped
up Scorpio. Only he didn't stop at that. "The All New Scorpio
is evidence of our outrageous ambition," the dapper 50-year-old
declared. It is impossible to overstate how important a role the
SUV (sports utility vehicle) has played in boosting the company's
fortunes. With a 43 per cent market share of the segment, the
Scorpio is not just one of the best deals on four wheels, but
a money-spinner for the company. After all, M&M has spent
just Rs 800 crore on the Scorpio-a fraction of what global car
giants spend on developing new cars. The 43 new features on the
revamped Scorpio were developed largely in-house. Even the new
five-link rear suspension was developed by M&M's own engineers,
although UK's Lotus Engineering helped fine-tune it.
The Scorpio, as Mahindra likes to say, is
a symbol of the new it-savvy, global M&M. It was born of a
new design and manufacturing philosophy (Integrated Design and
Manufacturing) and continues to use state-of-the-art it in distribution
as well. Every dealer and vendor is connected to the M&M network,
allowing it to manage a complex supply chain and make more accurate
predictions about demand. Recently, M&M undertook a massive
project to consolidate its it core under one roof rather than
having it spread out over tens of locations. 'Project Sankraman',
as it was called, has allowed it to further streamline its supply
chain.
But talk to the Scorpio engineer and CEO
of M&M's Automotive Sector, Pawan Goenka, and he'll tell you
that Scorpio customers haven't seen anything yet. He says that
M&M's new "Customised Vehicles" division will take
car-buying experience to a new level by allowing buyers to customise
the vehicle. "This is going to be a major market for us,"
says Goenka. Once again, what makes customisation possible is
M&M's robust it back-end and an enterprise-wide system that
maintains details of each and every part that goes into its vehicles.
But as the company looks abroad for much
of its future growth, especially in the outsourcing field, technology
will play an ever-increasing role. Mahindra Systems and Automotive
Technology (MSAT), one of M&M's newer ventures, is counting
on highly engineered projects to power its growth in the global
ancillary industry. "If India is going to become an ancillary
powerhouse, then it has to make use of its engineering and it
prowess, and you don't get much better than a group that does
both old fashioned mechanical engineering and is a leader in it
(through Tech Mahindra, formerly Mahindra-bt)," says Hemant
Luthra, CEO, MSAT. That's a new age, old-economy company talking.
-Kushan Mitra
|
MMFSL Managing Director Ramesh Iyer: Reaching
out to the masses |
M&M FINANCIAL SERVICES
Breaking Barriers
Because its customers are in small towns.
Mahindra &
Mahindra Financial Services Ltd (MMFSL) was born out of a need:
Most of the people parent company M&M sold its tractors and
utility vehicles to had no access to means of traditional finance.
It was up to M&M to figure out how to deliver credit, and
MMFSL turned out to be the answer. (That, however, didn't prepare
the firm for EMIs or equated monthly instalments paid in coins,
like some customers did initially.) Yet, as its CEO Ramesh Iyer
would tell you, what seems like a low-tech job is actually powered
by a tremendously capable wide area network that reaches more
than 200 of MMFSL's 300 branches. More impressively, the company
is adding two to three branches to the network every week. How
much time does it take to wire up the new branches? From the time
MMFSL places an order with its partners to the time the branch
is connected and running with fully trained staff manning the
system, it is exactly three working weeks.
The company concedes that the availability
of infrastructure has improved dramatically in the past few years,
but there are places such as parts of Uttar Pradesh, Bihar and
Jharkhand, where there is no connectivity at all. "In some
of those places, despite the costs involved, we have decided to
implement a VSAT (very small aperture terminal) solution,"
says Dinesh Prajapati, it Chief at MMFSL. With its network growing,
business is surging too. By December 2005, the company had disbursed
loans worth Rs 3,668 crore-a figure that's growing fast. How fast?
Forty per cent in the first three quarters of last financial year.
-Kushan Mitra
OXIGEN
Virtual Operator
Convenient talk time vendor.
|
An Oxigen outlet: Easy recharge |
If India's cellular
operators are the protagonists of the telecom revolution, a side-role
is being played by the Gurgaon-based India Prepaid Services, which
operates 19,000 recharge points (branded Oxigen) across the country.
Oxigen's business model is simple: It "collects" talk
time from operators and stores it on its servers, from where it
is distributed to retail points on demand. The retail point, in
turn, connects to a local server through a terminal (see photo)
or through a mobile phone loaded with a special application provided
by Oxigen. So when a customer comes to Oxigen for a recharge,
the retailer logs a request on the server, and the concerned operator
credits the customer's account. "All the services that are
used in a household on a recurring basis can be brought on a single
platform, and Oxigen intends to do that," says Pramod Saxena,
Executive Chairman, Oxigen. Neat.
-Shaleen Agrawal
|
A GramIT centre: You would have never
guessed this is a village scene |
(SATYAM) GRAMIT
The Future Of BPO?
Say hello to a rural backoffice.
Not infrequently,
whenever someone applies to Satyam Computer for a job, chances
are the person's competencies would have been fed into the central
database of the company from a remote location called Jallikakinada,
a small village of 1,600 people and about 500 km away from Hyderabad.
This low-end, nevertheless critical, internal support work has
been outsourced by Satyam to Gramit, which is arguably India's
first rural BPO (business process outsourcing) centre. With 50
seats, employing a hundred employees in two shifts (6 a.m. to
2 p.m. and 2 p.m. to 10 p.m.), and 20 km from the nearest degree
college (a necessary pre-condition), this is the first GramIT
centre of the Byrraju Foundation. Supported by the promoters of
Satyam Computer, the foundation refurbished an ice factory in
the village and in August last year launched the BPO. Since then,
the foundation has opened another GramIT in Eethakota village
in the East Godavari district, again about 500 km from Hyderabad,
employing another 100. By end of April this year, it hopes to
add yet another centre and by year-end have 10 to 15 centres,
each with a similar headcount. Each of the GramIT centres, which
may soon be franchised out, is being built to handle work related
to hr, accounting and vendor-related bill processes. Apart from
Satyam, there are two other large corporates and the rural development
department of the state government that outsource work to it.
"Our aim is to capture at least 50 per cent of the internal
support services of all the corporates we tie up with," says
K. Sharath Choudary, 42, who leads this initiative at the foundation.
It costs about Rs 50 lakh to set up a GramIT, and the employees
earn Rs 4,000-5,000 a month. Potentially, Choudhary says, each
centre can do Rs 1.5 crore in annual business. What next? A listing
on the NASDAQ?
-E. Kumar Sharma
SERUM INSTITUTE OF INDIA
IT Is The Lifeline
World-class vaccine maker.
|
Serum's Mehta: Committed to tech |
Quality standards
in global pharma are some of the toughest of any industry. Take
a walk through Serum Institute of India's Pune facility and you'll
know exactly how tough. Its aseptic vial filling line washes,
sterilises, packs and seals without any human intervention, and
is accurate to the third decimal point (in filling). It also has
the largest computerised facility in India for freeze-drying parenterals
for longer shelf life. It is this commitment to technology that
has enabled Serum to become India's largest vaccine exporter.
"It's a business initiative incorporated with it," says
Aroon Mehta, Head (it), of the new ERP (enterprise resource planning)
system at Serum. In the months ahead, the institute plans to bring
in new systems like manufacturing resource planning and customer
relationship management. What Serum makes is a lifeline to many
around the world, but Serum's own lifeline seems to be it.
-Ahona Ghosh
|
SBI everywhere: Now, ATMs on ferries |
STATE BANK OF INDIA
Don't Call It A PSU
Well, it doesn't think like one.
Guess who operates
the world's only floating ATM (automated teller machine)? Nope,
not Citibank or ICICI Bank, but good old State Bank of India (SBI).
Sounds unbelievable, but it is true. Fitted on board a ferry (see
picture), the ATM runs on the CDMA (code-division multiple access)
technology and attracts regular ferry commuters and foreign tourists
who visit Kerala's famous backwaters. Here's some more unbelievable
stuff about SBI. The floating ATM is just a small demonstration
of its growing it prowess. Although the country's biggest bank
was late to board the IT bandwagon-it did so only in 2000-it hasn't
looked back since. Today, all of its 9,141 branches (not counting
those of associate banks) have been computerised, and there are
5,290 SBI ATMs across the country-the largest of any bank. "There
were apprehensions in the market, but we proved everybody wrong
by successfully implementing our it strategy," says Syed
Shahabuddin, Chief General Manager (IT), SBI, who oversees an
annual it spend of about Rs 700 crore.
Its treasury and asset liability management
(ALM) operations-the backbone of any bank-have also been fully
automated, and SBI is now focussing on enhancing it usage. And
that does seem to be the bigger challenge for the bank. Why? The
reasons have to do with its customer profile. Not only does SBI
have a strong rural focus, even in urban centres it is a banker
to a slightly older population that still feels more comfortable
dealing with a real teller than an ATM. The result: SBI today
has the largest credit card base of 17.32 million, but the ATM
usage as a percentage of total banking transaction is a paltry
3 per cent. Similarly, out of a total 35 million transactions
per day in the bank, only 1 million are through its ATMs.
One bright spot for the bank is internet
banking. Possibly because it offers a variety of features (you
can pay your utility bills and taxes, invest in mutual fund schemes,
and book train tickets, besides checking account and transferring
funds), the number of users is growing. There are 650,000 active
users currently, and their population is growing at more than
50 per cent a year. SBI may have been slow off the starting block,
but it is rapidly catching up with the other it-savvy banks.
-Anand Adhikari
VIMTA LABS
Bridging Distances
Your remote CRO next door.
|
Vimta Lab's Vasireddi: Big plans and
big budgets |
We want to be
among the top 10 contract research and testing organisations globally
by 2010," declares S.P. Vasireddi, Chairman and Managing
Director of the Hyderabad-based clinical research organisation
(CRO), Vimta Labs. It's hard not to take him seriously, because
the 56-year-old entrepreneur sports an impressive track record.
Setting out in 1984 as a single-bench analytical lab, Vimta moved
into CRO services in 1994 and now sees itself as a "full
service CRO", offering everything from bioequivalence studies
to clinical trials to global and Indian customers. And to prove
that he is serious about his goal, Vasireddi is putting money
where his mouth is. Consider the research process outsourcing
(RPO) hub, or customer-specific research lab, that he is setting
up. Spread over 10.7 acres in Hyderabad's Genome Valley, the 2-lakh
sq. ft facility boasts of 40 walk-in cold rooms, a captive laboratory
and a modern it network (outsourced to IBM) that'll offer remote
access to global customers. Investment in the facility: Rs 50
crore; Vimta's revenues: Rs 52 crore in 2004-05. "Investment
on the network alone is 20 per cent of the project cost,"
informs Vasireddi. When your customers are thousands of miles
away, a superlative it network has to be your passport to the
world.
-E. Kumar Sharma
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Wockhardt's Bali: Hospital with a heart |
WOCKHARDT HOSPITALS
De-stress Docs
It's about wholesome healing.
Every time someone
is wheeled into a hospital, it's often the patient's loved ones
that face more anxiety and stress. Wockhardt Hospitals knows that
only too well. That is why the six-hospital chain, which has a
tie-up with Harvard Medical, is focussed on not just patient care,
but patient information. Outside the operation theatres and intensive
care units of every Wockhardt hospital, there is an array of plasma
displays that constantly updates relatives and friends of the
patient. (Even relatives abroad can find the updates online, and
make payments online should there be a need.) No hi-tech hi-jinx,
but a sure sign the hospital cares. "You have no idea how
much tension this alone has reduced in our waiting rooms,"
says Vishal Bali, CEO of the hospital chain. With six additional
hospitals on the drawing board, Wockhardt is building an information
back-end that'll connect all its hospitals and allow doctors to
tap into medical history of patients registered with the chain.
Some day, that could save some patient his life.
-Kushan Mitra
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