KINGSTON TECHNOLOGY AMONG TOP 10 SEMICONDUCTOR CHIP BUYERS IN THE WORLD

Mumbai, India – July 28, 2019 (HPN) : Kingston Technology Company, Inc., a world leader in memory products and technology solutions, today announced it is among the top 10 list of semiconductor chip buyers globally as determined by Gartner, Inc. Gartner studied the total allocated market looking at total chip spending across many verticals including PC, data center, smart phone, IoT (Internet of Things) and other applications. Kingston is ranked number 8having spent an estimated $7.84 billion (USD) for 2018, according to Gartner.

Kingston climbed to the top 10 for the first time since Gartner began its design total allocated market (TAM) research in 2007. The increase is fueled in part because Kingston is a top memory manufacturer for many of the OEM and ODMs that produce smart devices and Kingston continues to offer value and service in these market segments. In 2018, Kingston produced over 14 trillion Megabytes of memory across all product lines including DRAM, SSDs and embedded solutions, a massive amount that reinforces its strength, position and importance in the industry.

Gartner stated that chip spending in recent years has been driven mainly by the growth in consumption of PCs and smart phones. Leading OEMs in these areas gained more market share and increased their chip buying power as a result. Gartner further predicts that other growth markets will ignite future demand such as new business opportunities in China focusing on Cloud servers and Internet of Things (IoT) endpoints that will arise in and after 2022. With Kingston’s buying power, global partnerships and manufacturing facilities located in China and the Asia-Pacific region, Kingston is positioned to take full advantage of these growth opportunities.

“While server and system memory continue to be the foundation of Kingston’s success, our strength over the past 15 years has been to diversify our product portfolio to address industry changes and adapt to ever-evolving market needs,” said Craig Tilmont, director of marketing, Kingston. “We are one of the top suppliers of SSDs in the channel and have been supplying embedded memory solutions for almost a decade in various industrial applications including medical devices, diagnostic equipment and in-flight entertainment systems. Kingston memory solutions are also found everywhere including consumer products such as fitness trackers, smart watches, robotic vacuums and security video doorbells.”

The following chart from Gartner shows the top 10 OEM chip spending :

For more than 30 years, Kingston has created memory products and storage solutions that empower innovation. Today, Kingston ships to 125 countries and employs over 3,500 people around the world. Kingston develops products to increase productivity and overall system performance, with solutions for servers, desktops, and IoT devices. Kingston makes technology solutions that facilitate people’s everyday needs and supports them wherever they are.

Kingston can be found on:

Facebook: https://www.facebook.com/kingstontechnologyindia/

YouTube: http://www.youtube.com/user/KingstonAPAC

The Yoga Institute brings the 100 year old heritage of Classical Yoga online on Google Arts & Culture

Mumbai, 24^th July 2019 (HPN) – Over 400 archival images and artefacts from the world’s oldest yoga centre, The Yoga Institute, can be viewed online on Google Arts & Culture by people around the globe due to a new partnership between the Google and the institution. Thanks to this new virtual exhibition, users will be able to see and understand what is Yoga, know more about Classical Yoga and most importantly the 100-year-old rich heritage of The Yoga Institute, Mumbai along with many other treasures of the institute in just a few clicks athttps://artsandculture.google.com/partner/the-yoga-institute.

Virtual Walkthrough

Using the Museum View feature, people can move around The Yoga Institute campus virtually. Viewers will be able to experience the world’s oldest yoga centre and its serene spaces. One can also take a sneak-peek into an ongoing Classical Yoga class where The Yoga Institute’s Director, Dr. Hansaji Yogendra guides them or see the sadhakas (yoga students) practicing within the environment in 360º! Included is the tour of Shri Yogendra Museum of Classical Yoga, which is the world’s first yoga museum. The Classical Yoga exhibit allows people to explore various asanas, which are evidently synonymous to yoga.

Digital exhibits

11 new exhibitions are now available which gives a glimpse into this rich and ancient Indian heritage. Here are some of the highlights:

• The Centennial Chronicles of The Yoga Institute exhibit will enrich the viewer’s experience and take them through the 100 year journey.
• Learn about the first woman yoga Guru, Initiating Yoga for Women: Shrimati Sita Devi Yogendra,
• The exhibit Shri Yogendra ji: Founder of The Yoga Institute gives a glimpse in the life of the world’s first householder yogi, Shri Yogendra, who is also known as the Father of Modern Yoga Renaissance. Through him, The Yoga Institute has become a Life School, spearheading the “Yoga for the Householder” movement in the world.

Dr. Hansaji Jayadeva Yogendra of The Yoga Institute honoured with Bharat Gaurav award at UK House of Commons, London

Dr. Hansaji Jayadeva Yogendra has been prestigiously honoured with the Bharat Gaurav award for being one of the major and leading authorities on Yoga worldwide and for her extraordinary contribution and excellence in the field of yoga conferred at the UK House of Commons in British Parliament in London

Mumbai, 24th July 2019 (HPN) – Dr. Hansaji Jayadeva Yogendra has been endowed with yet another International honours. She has been prestigiously honoured for being one of the major and leading authorities on Yoga worldwide.Bharat Gaurav award honours given to Dr. Hansaji Yogendra for extraordinary contribution and excellence in the field of yoga. The honours were conferred at the UK House of Commons in British Parliament in London on July 19th, 2019.

An exemplary yogi and a scholar transforming millions of lives worldwide- Dr. Hansaji Jayadeva Yogendra is currently the Director of The Yoga Institute, Mumbai, the world’s oldest organised Yoga center. She is also the President of International Board of Yoga and Senior Vice President Indian Yoga Association (IYA). Her significant contributions in areas like Yoga education, research, experiential learning, standardisation of Yoga practices have been widely recognized. Recognising and honouring the philanthropic work done under Dr. Hansaji Yogendra’s guidance, The Yoga Institute won the prestigious Prime Minister’s award for spreading the yoga goodness to all. She has authored and co-authored over 50 books of which Yoga Sutras Of Patanjali, How to Reverse Heart Disease, Pregnancy, Parenthood are just a few to name. She has played a pivotal role in making significant changes in the Central Government’s policies to further the cause of Yoga awareness. Ends

Users of HubSpot’s free CRM will now have access to more marketing tools

India – July 24, 2019 (HPN)  – HubSpot, a leading growth platform, announced that it now offers free email creation, sending, and analytics as part of the free HubSpot CRM. In doing so, HubSpot gives users the tools they need to see the full view of the customer journey and ultimately provide a more cohesive front end experience for their customers.

Growing businesses often suffer from app overload – according to a report from HubSpot Research, 82% of respondents indicated that they lose up to an hour a day logging into and managing disparate systems. That lost time can be particularly damaging to a growing business that’s working with small teams and limited budgets. By bringing email and advertising tools into the free CRM, HubSpot is giving users the ability to manage those essential features in one connected system, saving them precious time and providing insight into the entire customer experience.

“Over the past decade, there has been an explosion of email marketing tools that are targeted to the needs of small or growing businesses. Unfortunately, those free or low-cost solutions are often standalone and don’t provide a full view of the customer experience,” said Kipp Bodnar, CMO of HubSpot. “We believe that email and CRM belong together, and that every marketer, no matter the size of their budget, should be able to see how their efforts are impacting their customers and, ultimately, their bottom line. We’re offering email as part of our free CRM to enable growing businesses to finally see how their efforts impact their customers’ experience beyond just a single email or interaction.”

“As a startup, we’re always looking for new tools that will help us make an impact on a smaller budget. We often end up signing up for lots of disjointed tools, which can make it tough to get a full view of the customer journey,” said Thomas Berry, Student Outreach Consultant at Picmonic. “With HubSpot’s new email features, we’re able to combine those automation tools with the insights we gather in the CRM. We always aim to put our customers first and with the launch of these powerful (and free) tools, we can provide them with an even better experience.”

HubSpot CRM users are now able to create contact lists and send up to 2,000 emails per month, all with an email editor that is designed with efficiency and ease of use in mind. The company also announced today that it has expanded the capabilities of the free tier of its ads tools, which previously only supported Facebook lead ads. Starting today, users of HubSpot’s free marketing tools can manage and track up to $1,000 per month of ad spend across Facebook, Google, and LinkedIn ads. The tool also includes conversion-level reporting and up to two account connections. Both features feed insights back into the CRM, giving users a full view of how prospects and customers are interacting with their business. Additional terms and limitations apply, click here for details.

“The free tools offered by HubSpot enable an agency like us to introduce the concept, capabilities, and fit of HubSpot to a prospect or client early in the sales process,” said Kapil Arora, CEO and Founder of Indian HubSpot Diamond Partner Transfunnel. “They’re able to see the power of the products firsthand, which enables us to build trust and demonstrate the value of the platform. By offering email and ads as part of the free CRM, HubSpot has created another touchpoint for us to showcase early value and attract new clients.”

To learn more about all of the new features now available in HubSpot’s free CRM, please visit www.hubspot.com/products/marketing/free.

Affle (India) Limited’s IPO to open on July 29, 2019 with a Price Band of Rs. 740 – Rs. 745 per Equity Share each of Face Value of Rs. 10 each

Mr. Gautam Benjamin, ICICI Securities Limited, Mr. Anuj Kumar, Director & Chief Revenue and Operating Officer, Affle (India) Limited, Mr. Anuj Khanna Sohum, Chairman, Managing Director, Chief Executive Officer, Affle (India) Limited, Mr. Kapil Bhutani, Director & Chief Financial and Operations Officer, Affle (India) Limited, Mr. Mangesh Ghogre, Nomura Financial Advisory and Securities (India) Pvt. Ltd. Mr. Karish Manchanda, Investor Relations and Strategy Officer, Affle (India) Limited

Mumbai, July 24, 2019 (HPN) : Initial public offering of up to [.] equity shares of face value of ` 10 each (“Equity Shares”) of Affle (India) Limited (our “Company”). At a price of [.]  per Equity Share including a share premium of ` [.]  per Equity Share (the “Offer Price”), aggregating up to [.] million (the “Offer”) comprising a fresh issue of up to [.]  equity shares by our Company aggregating up to Rs. 900 million and an offer for sale of up to 4,953,020 Equity Shares aggregating up to [.] million by Affle Holdings Pvt. Ltd. The Offer shall constitute [.] % of the post-offer paid-up equity share capital of our Company.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 (“SCRR”) read with Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the “SEBI ICDR Regulations”). This Offer is being made through the Book Building Process in accordance with Regulation 26(2) of the SEBI ICDR Regulations, wherein at least 75% of the Offer shall be allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”). Our Company and the Promoter Selling Shareholder, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price.

Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders.

ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (“BRLMs”) to the Offer.  For further details, please refer to page 83 of the RHP.

The Registrar to the Offer is Karvy Fintech Private Limited.

The Equity Shares of the Company are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.

References to “we”, “our” and “us” are to Affle (India) Limited collectively with its subsidiaries Affle International Private Limited, PT Affle Indonesia and Affle MEA FZ-LLC, unless the context requires otherwise.

ARCHITECTONICS, the unique platform for effect communication between Architecture and MEP Professionals, organised by ISHRAE (Mumbai Chapter)

In Pic : ISHRAE proffesionals with Key dignitaries at ‘ARCHITECTONICS’ organised by ISHRAE (Mumbai Chapter).

Mumbai, July 19^th, 2019 (HPN) :  ARCHITECTONICS is a flagship programme launched by ISHRAE Mumbai Chapter amongst its various other programs to address the need for a common platform for effective communications between Architects and MEP professionals on July 19^th, 2019 at Hotel Sahara Star Mumbai.

Key dignitaries present at the inaugural were Mr. Mihir Sanghavi, President, ISHRAE Mumbai Chapter; Mr. Pradeep Bakshi, Managing Director, Voltas Ltd.; Mr. Amod Dixit, President, ASHRAE Mumbai Chapter; Mr. R N Joshi, President Elect, ISHRAE Mumbai Chapter;Ar. Hiten Sethi, Principal Architect, Hiten Sethi Architects; Dr. Clayton Miller, Assistant Professor dept. Of Building, National University of Singapore; Ar. Sandeep Shikre, Principal Architect, SSA Architects; Ar. Vivek Bhole, Principal Architect, Neo Modern Architects among other industry players.

It is a program for the Architects, by the Architects to create and understand the synergy with MEP Professionals, which would create a unique interaction with the industry as a whole. It is a novel attempt to get all the stake holders on common platform like End Clients, Builders, Architects, MEP Consultants, MEP Contractors, System Manufacturers and Service Providers.

ARCHITECTONICS brought together over 250 delegates from the industry and decision makers from the industry like Architects and Interior Designers, Structural, MEP, Landscaping, Transportation, Environmental etc., to improve the performance and life-cycle of buildings.

The highlight of the program would also be discussions on contemporary topics like NETZERO Building Case Study, Campus Planning and Design, Connecting Human with Nature, A Biophibia Approach, MEP in Architecture, Case Study of JIO World Centre.

VOLTAS LIMITED – A Tata Enterprise, has taken the lead and has come forward to be a Partner at ARCHITECTONICS.

ISHRAE is an association of 28000 members of HVAC&R engineers across India with the presence in 41 cities. It also has 10,000 student members. The main goal of ISHRAE is disseminating the knowledge of HVAC & R through training and courses. Other such events are ISHRAE Certified Professional courses in HVAC &R industry. Current National President is Mr. Vikram Murthy. ISHRAE Mumbai Chapter President is Mr. Mihir Sanghavi, Convener of ARCHITECTONICS is Mr. Sanjay Kumar Verma, and ISHRAE Mumbai Chapter Program Chair Mr. Sandeep Mendiratta.

Mr. Mihir Sanghavi, President, ISHRAE Mumbai Chapter “ARCHITECTONICS is an initiative of ISHRAE Mumbai chapter to create an effective way of communication between Architects and MEP experts to meet the industry expectations. We thank M/s Voltas Ltd for supporting this movement. We have fantastic bouquet of subject matter experts who will share their experience and knowledge through paper presentations, case studies and interactive sessions.

Mr. Vikram Murthy, National President, ISHRAE HQ “ARCHITECTONICS is a path breaking program by ISHRAE Mumbai Chapter to integrate the elements of form and function of Buildings and Occupied Habitats,  by combining multiple design elements to create spaces that please the occupants and enhance the environment . The Architect & Engineer fraternity are the stakeholders who will deliberate the advantages and the paths of this integrated approach. ISHRAE is a Leader in catalysing and driving Sustainable development through such multilateral forums”.

Mr. Pradeep Bakshi, Managing Director & CEO, Voltas Ltd. “At Voltas, we have always ensured that our MEP solutions seamlessly fit the architect’s vision and the project’s infrastructure. As a customer centric organisation, we are committed to offer innovative, state- of- the- art cooling and engineering expertise. We are delighted to be associated with the ISHRAE Mumbai Chapter in their first ever architect focused event ‘ARCHITECTONICS’. We look forward to engaging further with the fraternity to deliver best in class built infrastructure solutions”.

Mr. Amod Dikshit, Incoming President, ASHRAE Mumbai Chapter, “ARCHITECTONICS came as an idea to blend Architecture and MEP Services cohesively. There has always been a gap between these disciplines and complaints from Architects, MEP Engineers and Clients about these gaps. As ASHRAE, we thought of bridging this gap on a common platform and what better than getting both the fraternities on a common platform like ARCHITECTONICS, which brings Architecture and Technology together. We are bringing top Architects, Clients and MEP Engineers together in this forum to discuss and understand each other better. Voltas has been very supportive in this cause and ASHRAE Mumbai Chapter thanks Voltas for their continuous support”.

Mr. Sandeep Mendiratta, Program Chair – ISHRAE Mumbai Chapter “ARCHITECTONICS is a grand programme which is conceptualised by ISHRAE Mumbai Chapter to bridge the gap between Architects and MEP Engineers to enhance the design of New India by implementing latest technologies and making these designs more sustainable to match the wisdom of our Prime Minister making India as leader in all aspects to the world. I feel proud to be Program Chair of ISHRAE Mumbai Chapter & Chair CTTC – ASHRAE Mumbai Chapter which gave me resources to be part of such events which will be an inspiration and guiding force for the new generation to learn from these Stalwarts who have not achieved their name by designs but made our country shine across the Globe”.

Ar. Hiten Sethi, CEO, Hiten Sethi And Associates “With the recent success of ISHRAE Mumbai Chapter’s National event Symposia, the importance of Sustainability in Architecture and Construction industry again became the centre of discussion. Emphasis was on the environmental and social impacts of buildings by utilizing design methods, materials, energy and development spaces that can be positive contributors to the neighbourhood. As Architects, it becomes our prime responsibility to act on different levels with allied engineering professionals like structural, MEP, landscape, transportation, environmental, etc., to improve performances and life-cycle of the buildings. With this strong interface and collaboration, we can again emphasize on Right To Live – Healthy and Happy”.

Mr. Sanjay Kumar Verma, Chair – Advocacy, ISHRAE Mumbai Chapter “This programme will be one of its kind to understand the requirements of Architects and MEP Engineers to enhance the design for delivering best quality projects with latest technologies and making the project sustainable”. Ends

Cattle Facial Recognition – a breakthrough technology by MoooFarm solving India’s key challenge of cattle identification

Mumbai, 19 July, 2019 (HPN) : World Bank’s Global Index Insurance Facility (GIIF) hosted the Agriculture Insuretech Innovation Challenge in association with Sankalp Forum, an initiative of Intellecap Advisory Services. The Grand challenge was held on 8^th-9^th of July in Mumbai and saw world’s most promising agriculture insure tech entrepreneurs showcasing their business to investors, corporates, DFIs and policy makers.

A total of 106 applications from 16 countries were received and shortlisted 21 finalists presented their innovative business propositions.

MoooFarm, an innovative agri-tech start-up bagged a winning price of USD 30,000 by World Bank group in Data Analytics category for their unique solution of ’Facial Recognition of cattle’.

With an accuracy of 95.7%, MoooFarm was able to test the facial recognition model using deep learning technology. In the coming weeks, this breakthrough technology will reach each and every small-holder farmer via MoooFarm’s mobile based application and its network of Village level Entrepreneurs. 

As per the latest census, India has the largest cattle inventory with over 300 million cattle but the number of cattle insured is less than 10%. For the insurers, the volume of business derived from livestock insurance (less than 1%) doesn’t justify the high cost of entering rural livestock market. Further, insufficient data availability impacts the design of cattle insurance products.

The challenge is further amplified by the claim settlement frauds of valuation and identification of cattle due to poor monitoring process and negligible use of technology.  MoooFarm is solving these issues by using facial recognition of the cattle through its mobile app.

“MoooFarm plans to use this money to develop more of such emerging technologies to disrupt the dairy industry and bringing about white tech revolution in India” says Param Singh Founder MoooFarm

MoooFarm collects geography specific data for each farm and cattle through its app against breed, diseases, antibiotics given, yield, critical events such as successful calving and heat symptoms. By leveraging big data analytics, it allows for enhanced visibility of unique patterns and assists in predicting each cattle’s mortality rate.

The cattle record is compared against other cattle in the same breed to allow for accurate valuation of its market price giving it the true basis of sum assured and premium calculation which will encourage farmers to insure their cattle. The facial recognition technology will also control cattle claim settlement frauds and track ownership of stray cattle which has become a big nuisance. It can also solve the issue of cattle smuggling which is a pressing issue of the current times.

About MoooFarm –

MoooFarm is an award winning agritech start-up with a vision to increase income of 75 million small dairy farmers through capacity building, last mile extension and transfer of technology.

India’s largest and fastest-growing B2B Commerce, Moglix Raises $60 MN in a Series D round of funding

Mumbai, 16 July 2019 (HPN) : Moglix, India’s largest and fastest-growing B2B commerce company, transforming the procurement practices across India, today announced the closing of Series D round of funding of USD 60 Million. The round led by Tiger Global also saw participation by Sequoia India and Composite Capital. The company’s current investors include Accel Partners, Jungle Ventures, IFC, Venture Highway and Tata Sons’ Chairman Emeritus Ratan Tata.

The Indian indirect purchase market is currently worth $50 billion-plus and is estimated to grow to $100 billion by 2025.Moglix is leading the transformation in the space of indirect purchase by reimagining B2B commerce and investing heavily in technology-first innovations.

The funds will be deployed to create industrial distribution centers across India to cover all 25+ major hubs for manufacturing by May 2020. Moglix will continue to invest in tech-first strategies to further disrupt the supply chain and procurement domain across verticals, making touchless, seamless indirect procurement a reality for the Indian market.

The company is also starting an innovation garage called “Moglix Innovation Hub (MIH)” for B2B commerce and Supply chain. This initiative will focus on areas pertinent to the procurement domain – advance technology, SAAS platforms, fintech and logistics, to name a few. Moglix will continue to invest in young and dynamic EIRs (entrepreneur in residence) to execute these ideas. A sum of USD 5 MN has been set aside for MIH.

Rahul Garg, Founder & CEO, Moglix said, “We are excited to lead procurement transformation, building the right kind of distribution model for Modern India. I believe this change will impact how the Indian suppliers, buyers, and the overall B2B supply chain will shape up in the coming 100 years. We are glad to have Tiger Global, Sequoia India and Composite Capital, join us in the journey. It is great to see how Moglix is on a major upsurge, growing at a rate of 300 percent year on year with an exuberant team. The funds will play a critical role in fueling our expansion efforts by optimizing efficiencies in our focus areas such as technology innovation, analytics, and building & owning a wide logistics infrastructure network. We foresee that there is immense strength and scope of innovation in the B2B commerce space and the sectors we operate in.”

“We are excited to partner with Moglix, which is rapidly transforming procurement services for India’s B2B market. As an industry leader with a strong management team, Moglix is poised for continued strong growth” said Scott Shleifer, partner, Tiger Global Management.

Tejeshwi Sharma, Principal, Sequoia Capital India Advisors, said, “We believe that technology will play a crucial role in upgrading supply chain in India for the 21^stcentury. Moglix is building two unique assets simultaneously – physical infrastructure and a direct-to-enterprise distribution – to re-imagine indirect procurement in India. Sequoia India has been tracking the company for a while and is inspired by its commitment to this space. Rahul and his team have an audacious vision and it’s a delight to partner with them in building what could be a foundational business for India’s economy.”

David Ma, Founder, Composite Capital said, “We are excited to partner with the Moglix team as they pioneer modern, technology-enabled solutions for B2B commerce.  GST reform is accelerating the pact of change in Indian business and Moglix continues to be the leader in providing industry-leading solutions for procurement.”

The current board of Moglix, consisting ofSubrata Mitra, Accel Partners and Anurag Srivastava, Jungle Ventures said, “With businesses becoming globally competitive, implying decisions at the speed of thought, Technology-first thinking and innovation is the new norm in any industry. Moglix continues to bring disruptive changes into the manufacturing sector at a remarkable clip. It gives us immense pleasure to be a part of the journey since its inception, and we welcome the new investors on board.”Ends

Shriram General Insurance President, Mr. Aftab Alvi conferred with ‘Insurance Personality of the Year Award’ at the Insurance India Summit and Awards

Mumbai, July 15, 2019 (HPN) : Shriram General Insurance President and National Head, Bancassurance,  Mr. Aftab Alvi has been conferred with the ‘Insurance Personality of the Year Awards’ at the Insurance India Summit & Awards 2019.

The Insurance India Summit is the biggest strategic business summit for the entire Insurance industry and ecosystem in INDIA. The prestigious INSURANCE INDIA AWARDS ceremony is the most sought after in the industry where the best talents are felicitated, honoured and recognized every year. The jury comprised of Mr. Nilesh Sathe, Former Member, IRDAI, Mr. K. Sanath Kumar, Former CMD, National Insurance and Mr. Sandeep Ghosh, Partner & Leader Financial Services Advisory, EY. The event saw many prominent Insurance stalwarts on exclusive panels addressing important topics like Product Innovation and Development, Distribution Challenges and Opportunities in Insurance.

Mr. Aftab Alvi, President, Shriram General Insurance said, ‘I am extremely happy and humbled to be conferred with this prestigious award. Today, the Insurance industry is facing unprecedented change and it is important for all Insurers to streamline processes to make the cost of doing business more efficient.’

Shriram General Insurance is the only non-life insurer headquartered in Jaipur and is one of the most profitable and successful private players in the non – life insurance space. Ends 

About Shriram General Insurance Company:

Shriram General Insurance Company (SGICL) came into existence in the year 2008. It is the General Insurance arm of the Rs 1,20,000 crore Chennai-based financial conglomerate, Shriram Group. The company received its license to undertake non – life insurance business from IRDAI in May 2008 and commercially launched operations in July 2008. The business philosophy of the company is to serve “Aam Admi”. The company is giving special attention to provide innovative products and apply latest technology in its operations.

ManipalCigna’s product ‘ProHealth Insurance’ voted "Product of the Year 2019"

Mumbai – July 05, 2019 (TGN) – ManipalCigna Health Insurance Company Limited (formerly known as CignaTTK Health Insurance Company Limited) has been awarded the most acclaimed title 'Product of the Year' for its recently enhanced product offering,‘ProHealth Insurance Plan’. This recognition is the outcome of a consumer survey conducted by research firm Nielsen on behalf of Independent organization Product of the Year (India).

To meet customers’ unique health care needs, this new-age product has been designed with customer friendly features to journey with customers in times of both illness and wellness. The plan provides benefit of Guaranteed Cumulative Bonus that grows the Coverage every year. The plan also comes withUnlimited Restoration of Sum Insured for unrelated illnesses/ injury in a policy year. With IncreasedHealthy Reward points upto 20% of premium, customers can also save on renewal premium. In addition, the product offers inbuilt coverage of 546 day care treatments, and In-patient AYUSH Treatment upto full Sum Insured.

Commenting on the occasion, Prasun Sikdar, MD & CEO, ManipalCigna Health Insurance Company Limited said, “We are greatly humbled by this recognition, more so because the award is a testament to our constant commitment to keep those we serve at the front and center of everything we do. At ManipalCigna, we understand that each person is unique and so is their health. This belief was at the core of the design of our flagship product - ProHealth. The product is aimed at fulfilling the unique health requirements of customers in separate life stages and demographics. It provides a comprehensive health solution that caters to the physical, emotional and financial wellbeing of our customers. The plan also encourages people to improve their health and lifestyle and in return rewards them for their healthy behavior.”

About Product of the Year (POY)

Product of the Year is the world’s largest consumer-voted award for product innovation. It is an internationally recognized certification that takes into account first hand consumer feedback to decide on the best available products and services into a specific categories such as insurance, food, beverages, personal care, household care, etc. Established 30 years ago in France, POY currently operates in over 40 countries with the same purpose: Guide consumers to the best products in their market and reward manufacturers for quality and innovation. The recognition is conferred on a product for a period of one year from 1st April, 2019 to 31st March, 2020. For more information, visit www.productoftheyear.in

About ManipalCigna Health Insurance Company Limited

ManipalCigna Health insurance Company Limited (formerly known as CignaTTK Health Insurance Company Limited) is a joint venture between Indian conglomerate TTK Group, Manipal Group, a leader in the field of healthcare delivery and higher education in India and Cigna Corporation, a global health services company with over 200 years of experience. ManipalCigna is headquartered out of Mumbai and has over 33 branch offices covering major metros and towns. The company has built a strong multi-distribution network of over 20,000 agents, 250+ major brokers and is present in over 7,000 point of sales locations across the country through its distribution network. ManipalCigna also has tie-ups with 17 leading Banks, NBFCs and MFIs for distributing health insurance solutions and has a network of over 6500 trusted hospitals across cities & tier II and III towns in India. To learn more, visit www.manipalcigna.com