Category business

Hyderabad, February 11, 2023: KFin Technologies Limited announced its financial results for the quarter and nine months that ended 31st December 2022 today.

Financial Highlights – Q3FY23

•  Revenue from operations stood at ₹ 1,881.3 million, up 12.1% Y-o-Y and 5.0% Q-o-Q
•  EBITDA stood at ₹ 807.0 million, up 9.1% Y-o-Y and 13.6% Q-o-Q, EBITDA margin at 42.9%
•  PAT at ₹ 533.8 million, up 78.6% Y-o-Y and 11.4% Q-o-Q, PAT margin at 28.4%
•  Diluted EPS stood at ₹ 3.15, up 70.5% Y-o-Y and 11.3% Q-o-Q

Financial Highlights – 9MFY23

•  Revenue from operations stood at ₹ 5,368.9 million, growth of 17.1% Y-o-Y
•  EBITDA stood at ₹ 2,142.0 million, up 4.9% Y-o-Y, EBITDA margin at 39.9%
•  PAT at ₹ 1,387.2 million, up 42.0% Y-o-Y, PAT margin at 25.8%
•  Cash and cash equivalents at ₹ 2,288 million as on Dec 31, 2022
•  Diluted EPS stood at ₹ 8.20, up 29.4% Y-o-Y

Q3FY23 Business Highlights

•  Overall AAUM1 growth at 8.5% Y-o-Y compared to 5.4% Y-o-Y growth for the industry
•  Equity AAUM growth at 12.8% Y-o-Y compared to 12.4% Y-o-Y growth for the industry
•  Overall AAUM’s market share is at 31.7%; Equity AAUM market share stable at 35.0%
•  SIP inflows of ₹ 167 billion at lifetime high, up 18.6% Y-o-Y; 42% market share in December 2022
•  Won our first client in Canada to provide fund administration services
•  Won one new mutual fund mandate in India in Feb – 23: Old Bridge Capital Management
•  Added 128 corporate clients under issuer solutions; 49.0% market share2 in NSE 500 companies
•  Added 47 AIF funds; 33% market share3
•  Added 36,035 NPS subscribers; 7.0% market share4; 11.3% market share5 on new subscriber base

Commenting on the company’s performance, Sreekanth Nadella, Managing Director and CEO, Kevin Technologies Limited said, “We have closed the quarter and nine months period ended December 31, 2022, with satisfactory performance across all business segments. Despite volatile market conditions, KFin registered strong business outcomes driven by accelerated growth across our diversified businesses. The business performance validates our globally relevant asset management administrator strategy.

Our technology-led innovation & execution to address our client needs, deep product stack, and value-added solutions have helped us to add new clients across segments. As we move forward, we will leverage our differentiated strengths across local and global asset management solutions to add value to our clients, partners, and shareholders”.

“We continue to enjoy market leadership positions across a number of different parameters in our businesses” he added.

KEY FIGURE                                                                                                                                                        ₹ Million

*Not annualized

(1) Last quarter average for domestic mutual funds; (2) As on December 31, 2022, based on market capitalization; (3) As on December 31, 2022, based on no of AIFs registered with SEBI;

(4) As on December 31, 2022, based on the overall subscribers base; (5) During Q3FY23, based on new subscriber additions

Mumbai, February 13, 2023: Nanavati Max Super Speciality Hospital today organized a carnival, for cancer patients, to bring joy, and hope, and celebrate the spirit of cancer survivors, warriors, and their caregivers. Over 100 cancer patients and caregivers participated in the carnival that was aligned under Nidarr Hamesha—an ongoing campaign initiated by the hospital to offer support and compassion for cancer patients and their families.

The carnival featured a wide range of fun activities, including games; live music, food stalls, and art-based entertaining activities like face painting, and temporary tattoos with an instant photo booth to capture memories. At the carnival, costumed performers were entertaining the guests with their fun tricks, adding to the celebratory atmosphere.

Talking about the objective to organize such a carnival, Dr. Hemant B. Tongaonkar, Head – Surgical Oncology and Senior Director – of Urologic & Gynaecologic Oncosurgery Nanavati Max Super Speciality Hospital, said, “Our objective was to bring the community together and offer a day of celebration to lift the spirit of the cancer survivors, cancer warriors, and their caregivers. This was also a unique opportunity for the patients to connect, share their experiences, and find a sense of peace and comfort.”

At the carnival, guests of all ages enjoyed a varied range of games such as hit the cans, balloon shooting, basketball, dart game, and mini golf. Live musical performances offered uplifting entertainment, and the food stalls offered a variety of healthy and tasty options.

The ‘Carnival for Cancer Patients’ wasn’t just a day of fun, but a reminder to the community that cancer patients and their families need support and encouragement. The event provided an opportunity to make a positive impact and bring some joy to cancer patients and their families.

Bengaluru, February 13, 2023: Tata Motors, India’s leading automobile manufacturer today introduced its BS6 Phase II range of passenger vehicles with RDE and E20-compliant engines. Going beyond compliance, Tata Motors has refreshed its portfolio across powertrain options of Petrol, Diesel & CNG with new features which will deliver enhanced safety, drivability, comfort & convenience. The Company has also increased its standard warranty of 2 Years/ 75,000 km to 3 Years/ 1 lakh km across the range, offering a hassle-free ownership experience.

Performance Upgrades

The low-end drivability of the Altroz and Punch have been enhanced such that they offer a much smoother experience in lower gears. The two models will also see Idle Stop Start as standard coming across all their variants, translating into better on-road mileage.

Reinforcing the trust in diesel engines and offering multiple choices to its customers, the company has upgraded the Revotorq diesel engines for both Altroz and Nexon. Additionally, the Nexon Diesel engine has been retuned to deliver better performance.

Furthermore, the new RDE-compliant engines are more responsive and have been tuned such that they offer more efficiency to the customers.

Improved Safety & Drivability

TPMS has been added to the Tiago and Tigor offering better safety and a stress-free drive.

In line with customer expectations, this new range additionally boasts of a more serene in-cabin experience that has been elevated with a Quieter Cabin, Lower NVH, and new features designed to make driving more comfortable, safer, and enjoyable.

Enhanced Reliability

As a reflection of confidence in the quality of its products, superior technology, and providing customers with a relaxed ownership experience, Tata Motors has increased its standard warranty from 2 Years/ 75000 km to 3 Years/ 1 Lakh km.

Commenting on the enriched ownership experience, Mr. Rajan Amba, Vice President, Sales, Marketing and Customer Care, Tata Motors Passenger Vehicles Ltd., said “Tata Motors has always been an active partner of the Government’s mission to reduce vehicular pollution. We have been constantly innovating and introducing technologies that not only keep emissions in check but also improve upon the unparalleled driving and car ownership experience. In line with this thought process, we took this opportunity of upgrading our cars not only with the new emission standards but also to delight our customers with an enhanced portfolio that boasts of cutting-edge safety, drivability, upgraded features, better ride experience, and most importantly – a hassle-free ownership experience. I am confident that this refreshed range will carry forward the growth trajectory by expanding our market share and increasing consumer satisfaction.”

Gandhinagar, February 13, 2023: The 13th annual conference of the Global Association of Physicians of Indian Origin (GAPIO) began on Saturday in Gandhinagar. The two-day conference witnessed the participation of over 500 doctors from 57 countries, including doctors of Indian origin practicing in the US, the UK, and Australia among others.

During the conference, the participating health experts deliberated on an array of topics concerning public health and the latest innovations in multiple healthcare disciplines. These include cardiac sciences, neurosciences, nephrology, oncology, kidney and liver transplants, gastroenterology, nutrition, and nursing among others.

A dedicated session on the use of robotics and artificial intelligence was also organized as part of the conference. Discussions were held on topics such as robotics in colorectal surgery, pushing the envelope by complex myomectomy with robotics, robotic upper CI surgery benefits, robotic arthroplasty, AI in cardiac disorders, artificial intelligence simplified, the role of robotics in thoracic surgery, and established and evolving indication of proton therapy in the Indian context.

Hon’ble Dr. Mansukh Mandaviya, Union Minister of Health & Family Welfare and Chemicals & Fertilizers, Government of India, said, “The healthcare sector in India and across the world is going through transformative changes, especially after the onset of the COVID-19 pandemic. Indian doctors practicing anywhere in the world have created a name for themselves. In order to further strengthen the healthcare system of the country, exchange of knowledge and information amongst doctors about global best practices is key.”

Hon’ble Chief Minister of Gujarat Shri Bhupendrabhai Patel said, “While India has successfully come out of the shadows of the COVID-19 pandemic, there are greater challenges ahead in the healthcare sector due to the growing burden of non-communicable diseases such as cancer, heart diseases, and diabetes. The way forward is to provide innovative solutions which are also cost-effective and can be availed by all sections of society. Doctors have a significant role in coming up with these solutions and serving mankind.”

Dr. Prathap C Reddy, Founder President of GAPIO and Chairman of Apollo Hospitals Group said “The spirit of the physicians of Indian origin to excel in India and overseas is what we are striving to recognize. Their laudable efforts and path-breaking work across the globe have made every Indian proud. The awardees’ exemplary work is an inspiration for others to emulate.”

Dr. Anupam Sibal, President of GAPIO Group Medical Director, of Apollo Hospitals Group, and Senior Consultant Pediatric Gastroenterologist and Hepatologist, said, “GAPIO provides a platform to doctors of Indian origin practicing anywhere in the world to share their knowledge and exchange ideas on clinical skill development, solutions to contemporary health issues, and modernizing the approach to delivering healthcare.”

Dr. Nandakumar Jairam, Vice President of GAPIO said, “Research and innovation can improve the delivery of quality healthcare in India to the last mile. As the country braces to overcome its myriad health challenges, this conference will help identify methodologies most suitable to skill and scale the healthcare workforce in the country.”

Dr. Sudhir Parikh, Secretary General of GAPIO and Chairman and Publisher of Parikh World Wide Media and ITV Gold 24×7 TV Channel in the USA commented, “With our presence among 57 countries, GAPIO is committed to its vision of Improving Health Worldwide. GAPIO serves to establish collaborations, bringing 1.4 million physicians of Indian origin under one umbrella platform. In the coming year, our activities will be enhanced to build a stronger well connected physician community.”

Dr. Ramesh Mehta, Past President of BAPIO and Past President of GAPIO, said, “The conference has gone beyond discussing hard-core medical specialties. Other important issues discussed such as Tragedy of avoidable childhood blindness: What GAPIO can do?, The evolution of Genomics: Reaching beyond the unseen, Climate change and its impact on human health, Navigating Change and Preparing for the Future – The Nursing perspective, Reversal of NCD’s, LEADS for healthcare in India, Leadership mantras, Women in Medicines make this conference really unique.

Dr. Sanku Rao, Past President, of GAPIO expressed his happiness about the academic component of this conference. With around 500+ delegates, many doctors attending virtually and more than 150 faculty members from all over the world including USA, UK, Australia and India, the conference is truly labeled as “Global”.

During the conference, winners of the Annual GAPIO Awards to Indian physicians for noteworthy contributions to the field of medicine were also announced.

Award winners in the distinguished category:

•  Gapio Lifetime Achievement Award: Prof. Dhavendra Kumar, Spire Cardiff Hospital, UK
•  Dr. Prathap C Reddy Philanthropy Award: Dr Rayapu Ramesh Babu, Blood Donors Organization for Social Service, Tirupati
•  Dr. IA Modi Award: Prof. Ajay Kumar Duseja, PGIMER, Chandigarh
•  Gapio Surgical Excellence Award: Prof. Devendra Kumar Gupta, AIIMS, New Delhi
•  Gapio Excellence in Diagnostic Award: Prof. Anita Borges, SL Raheja Hospital, Mumbai
•  Gapio Excellence in Radiology/ Radiation Therapy Award: Prof. Akshay Kumar Saxena, PGIMER, Chandigarh
• Award winners in the Young Category:
•  Dr. IA Modi Award: Dr. Sanjith Saseedharan, SL Raheja Hospital, Mumbai
•  Gapio Surgical Excellence Award: Dr. Saurabh Jain, MGMMC, Indore
•  Gapio Excellence in Diagnostic Award: Dr. Tushar Sehgal, AIIMS, New Delhi
•  Gapio Excellence in Radiology/ Radiation Therapy Award: Dr. Chandrashekhara S H, AIIMS, New Delhi

India, 13th February 2023, Kulhad Pizza couple from Jalandhar, Gurpreet Kaur, and Sehaj Arora; and 3 other couples will bare their love for their partners live for 144 hours on Eloelo’s Lovehouse. Starting tomorrow, the streaming will be live till the finale on Valentine’s Day. The winning couple of LoveHouse will be awarded a cash prize of INR 1 Lakh and other prizes up to 5 lakhs and the opportunity to meet actor Kartik Aryan, whose upcoming film Shehzada will be premiered around Valentine’s.

Over the past few days, a lot of celebrities ranging from Indian film actresses Amrita Rao, Donal Bisht & Flora Saini to famous paparazzo, Viral Bhayani, and Instagram influencer Puneet Superstar have been talking about LoveHouse and have revealed their curiosity about the show and some even expressed their desire to join.

“We have spent many valentines together and now I think it is the perfect time for me to test Sehaj’s love for me and Lovehouse seems the best way to do it, I think. Let’s see how deep his love is for me in the coming 6 days!” said Gurpreet Kaur, Lovehouse participant & better half of the viral Kulhad Pizza couple from Jalandhar.

The final contestants of Lovehouse besides Jalandhar’s viral couple, include the short video sensations, Pankaj and Shivu; Sapna and Goldy; the popular YouTubers, Aayushi, and Vishal, with over three million followers; and the beloved Radio City RJs, RJ Priya and RJ Raghav. Streaming uncut and uncensored on Eloelo, a creator-led social gaming and live-streaming platform, the show offers a viewing experience unlike any other. As the world’s first live-only reality show, LoveHouse viewers will have the power to determine the fate of their favorite contestant couples through real-time voting.

One of the most distinctive aspects of the show is the daily session of ‘Janta Ki Adalat,’ where couples will be required to answer questions from the comments section of Eloelo with complete honesty. “We are super excited to see how the longhouse will unfold in real-time, with the audience of Bharat in control of which couple gets to stay and which gets evicted from the LoveHouse. So, get ready to be swept off your feet and join us on this journey of love, excitement, and drama!” said Saurabh Pandey, Founder, and CEO, of Eloelo

The contestants of LoveHouse will be assigned tasks designed to strengthen their relationships and put their love to the ultimate test. These intriguing challenges will range from blindfolded searches for one’s partner to crossdressing and the application of lipstick by one partner to the other. Although emotions may run high, any form of explicit touching, even a single kiss, will result in a substantial fine of INR 100,000 for the offending couple. LoveHouse viewers will get to vote within the app for their favorite couple. The couple with the lowest number of votes will be ousted from the LoveHouse and asked to leave the competition.

LoveHouse is in search of India’s next power couple and promises to be a power-packed blend of romance, competition, and thrilling drama, guaranteed to keep you captivated and glued to your screens.

World University of Design and IIT Delhi hosted the 3rd International Conference on Functional Textiles and Clothing (FTC 2023) slated for February 10th to 12th, 2023 at LHC 111, Lecture Hall Complex, IIT Delhi, Hauz Khas, New Delhi. The Inaugural Session was conducted on Saturday, February 11th, 2023.

Spread over three days, the conference aims to focus on various aspects of the textile and clothing industry and the technological advancements at play along with its impact on the environment. Representatives from renowned universities from across the globe have been invited to pilot path breaking sessions, sharing their varied experiences and research work with students and faculty members.

The Inauguration session was addressed by Mr. Rajeev Saxena (Joint Secretary, Ministry of Textiles, Government of India) who has thrown light upon the ‘National Technical Textiles Mission’; Prof. Xianyi Zeng (ENSAIT, France) emphasizing upon ‘Creation of a Green Textile Environment Protection Oriented Supply Chain Through Intelligent Digital Form’ and Dr. Mayank Dwivedi (Director, DMSRDE, Kanpur) shared his insights and theories on the topic ‘Textile Materials in Defense Application’.

Chair of the Scientific Committee Prof. Abhijit Majumdar while talking about the response to the conference said, “Over a hundred speakers will be presenting their work in three parallel sessions and 30 researchers will be presenting posters. The speakers are coming from nearly 70 institutions across 20 countries worldwide. This is an excellent response from the scientific committee.”

Prof Sanjay Gupta, Co-Chair of the Organising industry and Vice Chancellor of the World University of Design said, “Textile industry as a whole is multifaceted machinery involving scientific and technical aspects and grosses a huge section of the GDP for India. At the same time, the industry is constantly on the radar of environmentalists for wasteful practices which in the past decade have been checked and rectified across nations and manufacturers to create sustainable and circular chains. Going beyond basic aesthetics and building functionalities in textile and clothing, adds value to the whole supply chain. Hosting this conference with IIT Delhi gives me immense pleasure and I am keen on hearing enriching insights from experts in the field.”

The Conference thus is an enriching opportunity to brainstorm and learn from for students and faculty alike. Touching and pondering over topics across verticals like marketing, engineering, ecology, science, etc involved in the trade of textiles will prove to be the key to taking a voyage towards modernization of the industry, making it relevant to current times whilst gauging the challenges it faces at the hands of changing ecology, consumer trends, etc.

Monday 13 February 2023: The Asia Pacific Incentives and Meetings Event (AIME) team, in partnership with the Melbourne Convention Bureau (MCB), have this morning launched their 30-year celebratory event at the Melbourne Convention and Exhibition Centre (MCEC).

AIME is the leading trade event for the meetings and event industry in the Asia Pacific region. It is where industry decision-makers connect, create, and do business. AIME brings together international and local buyers to access the best exhibitors from around the world. The event is owned by MCB and managed by Talk2 Media & Events.

More than 400 hosted buyers, over 350 exhibitors, and 2,000 visitors are expected to attend AIME 2023. With 25 countries represented at AIME and 12,000 meetings pre-scheduled, the show floor is going to be a hive of activity. New event features include: The Accor Hosted Buyers Lounge, a ‘Tech’ area, and a Wellness Café. An enormous kangaroo and a special anniversary lanyard featuring First Nations’ artwork, are some of the ‘touches of Australia’ delegates will be treated to throughout.

AIME commenced this morning with an official press conference at THE LUME, Melbourne featuring The Hon. Steve Dimopoulos MP, Minister for Tourism, Sport and Major Events; Minister for Creative Industries, Julia Swanson, CEO, Melbourne Convention Bureau, Natalie O’Brien AM, CEO, Melbourne Convention and Exhibition Centre and Phillipa Harrison, Managing Director, Tourism Australia (quotes below). The trade show will continue over three days (13-15 February) at MCEC where the industry will come together to celebrate AIME’s 30th Anniversary.

Following the official press conference this morning – Monday 13 February – is AIME’s Knowledge Program: the launchpad for the global events industry to come together and immerse in learning. The program will include an address from Australian tennis star, Jelena Dokic, and will see a mix of industry business leaders and renowned professionals as well as keynote speakers share their knowledge and experience.

Concluding AIME’s first day will be the eagerly anticipated Welcome Event held this evening – Monday 13 February – at Marvel Stadium. The event, which is co-hosted with MCB, will see delegates celebrate on the Marvel Stadium oval where the world’s largest sporting and music events have taken place. State-of-the-art pearl theming celebrating 30 years will be mirrored in a directional menu curated by Victorian producers, Delaware North. Entertainment will pay homage to AIME’s 30-year legacy.

India, 11th February 2023: Unacademy, India’s largest learning platform, announced that 6380 Unacademy Learners secured over 90 percentile of which over 864 Learners scored 99 percentile plus and 67 Learners achieved over 99.9 percentile in JEE Main 2023 Session 1 examination. Over 3748 Learners secured 95+ percentile. 6380 Learners secured over 90+ percentile. The examination will help Learners get admission to top engineering colleges and technical institutes in the country.

Additionally, 2 Unacademy Learners secured the highest percentile in the exam with 35 subject-wise 100 percentiles. Amongst the toppers are, Deshank Pratap Singh (100 Percentile) from Moradabad, Uttar Pradesh, Nipun Goel (100 Percentile) from Hapur, Uttar Pradesh, Toshit Jain (99.98 percentile) from Vadodara, Gujarat, Arnav Agarwal (99.94 percentile) from Mumbai, Maharashtra, and Ayush Jha (99.85 percentile) from Faridabad, Haryana.

Key highlights of the Unacademy JEE Main Session 1 2023 exam results:

• 2 Learners secured 100 percentile
• 33 Learners secured 100 percentile subject-wise
• 67 Learners secured over 99.9 percentile
• 864 Learners secured over 99 percentile
• 1676 Learners secured over 98 percentile

Unacademy is the leading online learning platform for JEE exams. Through best-in-class offerings like high-quality content, 1:1 live sessions, and personalized mentorship from top Educators, Unacademy has emerged as a popular space for Learners to excel in their educational journey. Further with the recent launch of Unacademy Centres across Kota, Lucknow, Noida, Ahmedabad, Patna, and several others, JEE Learners now have access to a premium learning experience with high-tech infrastructure.

Bengaluru, 11th February 2023: Kotak Mahindra Bank (“KMBL” / “Bank”) today announced that it has executed binding share purchase agreement(s) to acquire 100% of equity shares of Sonata Finance Private Limited (“SFPL”), a Non-Banking Finance Company, classified as an NBFC-MFI, from existing shareholders, subject to regulatory and other approvals, including from Reserve Bank of India.

Transaction Structure and Valuation

The acquisition is for an aggregate all-cash consideration of approximately ₹ 537 crores. With this acquisition, SFPL will be a wholly owned subsidiary of the Bank after receiving regulatory and other approvals.

Strategic Rationale

• Financial inclusion: SFPL provides a strong platform to enable the Bank to become a significant player in the financial inclusion segment, catering to economically weaker and underserved households in a commercially viable manner.
• Complementary branch network: As of Dec 31, 2022, SFPL has an Asset Under Management(AUM) of ~₹ 1,903 crores, servicing a customer base of ~9.0 lacs through a branch network of 502 branches across 10 states, which complements the Bank’s microfinance network.
• Potential to scale: The Transaction provides the Bank with the opportunity to scale up its operations in the rural & semi-urban markets in the northern states of India. SFPL is an established microfinance player with almost two decades of experience and a deep understanding of customers in these markets.
• Value accretive: The acquisition is expected to be value accretive from inception given the economies of scale and unlocking of efficiencies along with the Bank’s own distribution footprint and technology. The Bank will also leverage SFPL’s network to provide a wider suite of banking products to SFPL’s customer base matching their emerging banking needs.

Manish Kothari, President – Commercial Banking, Kotak Mahindra Bank said, “Sonata is a leading microfinance player and has built a strong enterprise over the last two decades. This acquisition is in sync with our broad vision and strategy. We had successfully acquired BSS Microfinance in 2017 and since then have been able to integrate & steadily grow our presence in the financial inclusion segment with an advances book in excess of ₹ 5,300 crores serving ~1.3 million borrowers. There are significant potential synergies to be realized as a result of this acquisition and we look forward to continuing serving the customers in a smooth and consistent manner and ensuring their needs are well-served going forward”.

Mr Anup Kumar Singh, CEO and MD of SFPL said, “I am extremely pleased that Sonata will be in the trusted and experienced hands of the Kotak Mahindra Group. Sonata was started with the objective of providing financing to underserved customer segments. I believe this mission is best served in a scalable and sustainable manner on a big bank’s platform. The transaction will bring immense benefits to Sonata’s customers, employees, and other stakeholders. I am pleased that current customer households of Sonata will benefit from Kotak Bank’s full range of products and best-in-class digital services.”

“ I would like to thank all my investors, customers, employees, and other stakeholders who contributed in building the Company to this stage.”

India, 11th February 2023: Valentine’s week has taken an environment-friendly turn for the multi-modal app, Tummoc. The patented public transport commute app decided to put an eco-friendly spin on the celebrated day of lovers by highlighting that Valentine’s doesn’t have to be about extravagant gifts and fancy dinners. The motive of the campaign is to encourage commuters to do things that are both wholesome and planet friendly and spread awareness among them to take public transport instead of using private vehicles to cut down carbon emissions in the city with #LoveIsSimpleMakeItGreen and #LoveForThePlanetToo.

With regard to climate change and the reduction of pollution in big cities, Monalisha Thakur, Co-Founder & CMO at Tummoc said,” Usage of fossil fuels is one of the biggest contributors to greenhouse gases. Our mission is to prioritize urban mobility and this can only happen if people will start traveling more by public transport. Through this small initiative, we want commuters to show some love for the environment. Valentine’s Day can be quite difficult for the environment. But it doesn’t have to be as there are ways to do this sustainably and with love for the Earth.”

The campaign is targeting commuters from 18-35 years of age. It is not only for couples but also for singles and everyone whose first priority should always be mother earth. Tummoc makes the public transport experience more interesting by calculating the time spent in public transport and the amount of carbon users would have emitted in case of private transport usage. Tummoc has also taken an initiative where they plant trees on user behalf on the amount of carbon they have saved by traveling via public transport through their app.

Tummoc started to focus on global warming and other types of pollution that increasing urbanization and resultant urban travel have led to. Its primary goal is to move people from private transport to public transportation and reduce the number of greenhouse gases being released from vehicular movement. It strives to be a carbon-neutral company in the next five years.

This smart commute app has a total user base of 2M+ Users, and is currently operational in 17 cities, having completed 2M+ plus trips so far and Bengaluru users have booked 800K+ BMTC bus passes so far.