Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
P a g e 1 | 30
INDEX
Sr.
No
.
1.
Particulars
Pg. Nos.
2.
3.
Financial Inclusion
4.
FinTech
5.
Cashless transactions
6.
UPI
10
7.
12
8.
13
9.
Product line
14
10.
Marketing Plan
15
11.
Sales Pipeline
16
12.
Problems Faced
17
13.
19
14.
21
15.
Target locations
24
16.
New solutions
26
17.
SWOT Analysis
27
18.
28
P a g e 2 | 30
"When You Discover Your Mission, You Will Feel Its Demand. It Will Fill You With
Enthusiasm And A Burning Desire To Get To Work On It."
- W. Clement Stone
MISSION:
To develop a framework and to create 1 lakh Infopreneurs ,to reach the last mile through all
devices.
You Will Face Your Greatest Opposition When You Are Closest To Your Biggest Miracle.
Shannon L. Alder
OBJECTIVE:
Aadhaarshila is an initiative powered by leading technology in payments and service delivery
platform to give individuals ease, in dealing with technology, introduce trust in payments and
carry our efficient delivery of services.
Aadhaarshila works in:.
P a g e 3 | 30
VISION:
To empower the under privileged and develop thrust in Indian economy.
MISSION:
Educate one, & he will assist million
P a g e 4 | 30
FINANCIAL INCLUSION
WHAT IS FINACIAL INCLUSIONS?
Financial inclusion or inclusive financing is the delivery of financial services at affordable costs
to sections of disadvantaged and low-income segments of society, in contrast to financial
exclusion where those services are not available or affordable. An estimated 2 billion workingage adults globally have no access to the types of formal financial services delivered by
regulated financial institutions. For example, in Sub-Saharan Africa only 24% of adults have a
bank account even though Africa's formal financial sector has grown in recent years. It is argued
that as banking services are in the nature of a public good, the availability of banking and
payment services to the entire population without discrimination is a key objective of financial
inclusion.
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FINTECH
Financial technology, also known as FinTech, is an economic industry composed of companies
that use technology to make financial services more efficient. Financial technology companies
are generally startups trying to dis intermediate incumbent financial systems and challenge
traditional corporations that are less reliant on software.
FINTECH FACTS AND FIGURES GLOBALY
1. Global investment in Fintech currently stands at a staggering $49.7 billion. From 2010 to
2015, the largest amount of investments had been received by the USA, UK & Ireland, Europe,
China, and India. Investment has more than tripled over the last few years, jumping from $4
billion in 2013 to $12 billion in 2014.
2. Finance & lending is the Fintech category that receives the largest amount of investment
dollars with 19% of total investment going into it. Processing & payments category receives
14%, while Mobile wallet, authentication, and remittance receive 10, 7 and 7% respectively.
Other growing Fintech areas include P2P lending, mobile banking, prepaid cards, and networks.
3. There are 1,362 Fintech companies in 54 countries around the world with the USA, India, UK
& Ireland, Israel, and Germany having the most Fintech start-ups.
4. Government support for Fintech is huge, with many Fintech companies receiving tax
incentives, subsidized loans, and other benefits to encourage their growth. Governments like the
UK have invested heavily in cyber security to protect companies from fraud, hacking, and other
threats. The USA tripled its investments in accelerators and incubators to help start-ups connect
with investors while other countries have launched initiatives that channel full or co-financing
into Fintech start-ups. Hong Kong has set aside $250 million for the development of businesses
in this sector while Luxembourg has promised unlimited support to entrepreneurs who choose to
launch start-ups in the country.
5. 43.4% of people who use Fintech services choose to do so because of ease of access. 15.4% of
users state that lower rates are what attract them to Fintech while access to a wide range of
products, better online experience and greater levels of trust are other reasons for the popularity
of Fintech.
6. Fintech is growing faster than other industries for several reasons. First of all is the fact that
financial services are the biggest industry in the world. Secondly, more and more people are
accessing financial services through the use of mobile devices which creates opportunities for
even greater growth for Fintech companies. Finally, the great user experience is causing more
and more people to choose Fintech companies over banks.
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7. The top 5 Fintech firms globally are: Lufax, an international finance trading company, Square,
a provider of smartphone card readers, small business loans and online payments, Markit, the
UK based provider of financial information and data, Stripe which does online payments and
Lending club, which bypasses middlemen to lend directly to customers.
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CASHLESS TRANSACTIONS
WHAT ARE CASHLESS TRANSACTIONS?
Consumers seem to be cashing out of automated teller machines (ATMs) and logging in at pointof-sale (POS) terminals more frequently. Even as the network expands, the average number of
transactions at ATMs is on a downward slope. The use of debit cards at POS terminals, by
contrast, is growing at a rapid pace. While in terms of value of transactions, ATMs still enjoy a
huge lead, the fact that people have started using their debit cards for more than just withdrawing
money suggests the idea of cashless is gaining momentum.
A Business Standard analysis of Reserve Bank of India data for the past three years reveals the
average number of monthly transactions at an ATM has fallen 26 per cent from 4,693 in May
2012 to 3,454 in the month this year. During the same period, the average number of transactions
at POS terminals increased from under 48 a month to nearly 55 now, an increase of nearly 15 per
cent.
On an absolute basis, however, the number of transactions at ATMs and POS terminals is still
rising. Between May 2013 and May this year, the number of debit card transactions at ATMs
grew nearly 19 per cent and at POS terminals by 25
per cent.
Bankers say a cashless transaction is more efficient
and transparent. It is easy to track, too. And a gradual
shift to the cashless form brings down the cost of
banking, as setting up and running an ATM is a costly
affair. POS terminals, on the other hand, come with
very little initial investment and the running cost is
negligible.
ARE WE MOVING TO A CASHLESS SOCIETY
IN INDIA?
While the tech-savvy have reduced their dependence on cash by 30-40%, many are still not using
cards because merchants charge them extra.
Many consumers in metros have seen their cash transactions go down significantly because of
growing e-commerce, expansion of mobile wallets and online banking. This is only the start of a
march towards becoming a cashless society. Things are expected to change dramatically in a few
years for urban consumers. Many entities are working on different electronic payment
mechanisms that can usher in a digital payment revolution. Wallet companies are aggressively
tying up with retailers to let customers use mobile payments. National Payments Corporation of
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India (NPCI), a company promoted by banks, is working on a mechanism that will allow
consumers to transfer money and make payments almost as easily as they send a text message.
The Reserve Bank of India (RBI) has allowed 11 payments banks and 10 small finance banks to
open shop. RBI also wants to make it cost-effective for banks to provide point of sale (PoS)
terminals (for using credit and debit cards) at small merchant establishments. And, to incentives
consumers for more electronic transactions, the government has withdrawn the surcharge, service
charge or convenience fee on digital payments on cards and online payments for any government
service.
Need for change: While digital payments are on a rise in metros, they are only five per cent of all
transactions in the country. The cash to gross domestic product ratio is one of the highest in the
world - 12.4 per cent in 2014, compared to 9.5 per cent in China and four per cent in Brazil.
Even the number of currency notes in circulation is high: the US has 34.5 billion notes in
circulation, India has 76.5 billion.
The amount of currency in circulation stood at Rs. 1,283
lakh crore in 2013-14. Of this, only a small amount is
with banks, but this is changing. Electronic payment
methods such as credit, debit and pre-paid cards added
about Rs. 40,000 crore to the economy between 2011 and
2015 and created 336,000 jobs, according to a Visa study
by Moody's Analytics.
The way we undertake money transactions in India is
expected to change dramatically with the introduction of
the Unified Payment Interface (UPI), which aims to
move the country towards a more cashless model.
Developed by The National Payment Corporation of
India (NPCI), the payment interface is expected to be a
game changer in mobile banking.
Shikha Sharma, managing director and CEO of Axis Bank, considers UPI the WhatsApp
moment for payments in India.
The UPI technology promises to change the way Indians carry out transactions, and aims to
move to a largely cashless economy at the retail level.
virtual payment addresses, and use of third party portable authentication schemes such as
Aadhaar should allow both acquiring side and issuing side cost to be driven down.
Objectives of UPI
The key objective of a unified system is to offer an architecture to facilitate next generation
online immediate payments leveraging trends such as increasing smartphone adoption, Indian
language interfaces, and universal access to Internet and data.
UPI is expected to further propel easy instant payments via mobile, web, and other applications.
The payments can be both sender (payer) and receiver (payee) initiated and will be carried out in
a secure, convenient, and integrated fashion. Virtual payment addresses, 1-click 2-factor
authentication, Aadhaar integration, use of payers smartphone for secure credential capture, etc.
are some of the core features. It supports the growth of e-commerce, while simultaneously
meeting the target of financial inclusion.
NEFT
National Electronic Funds Transfer (NEFT) is an Indian system of electronic transfer of money
from one bank or bank branch to another.
The transfer of money from the customer remitting it to the beneficiary account usually takes
place on the same day. Settlement or clearance of funds takes place in batches as specified by the
guidelines by the RBI. Any amount of money can be transferred using NEFT, making it usually
the best method for retail remittances. Customers with Internet banking accounts can use the
NEFT facility to transfer funds nationwide on their own. Funds can also be transferred via NEFT
by customers by walking into any bank branch (which is NEFT-enabled) and leaving relevant
instructions for such transfer - either from their bank accounts or by payment of cash. Transfer of
funds to Nepal using NEFT, is also allowed subject to limits.
RTGS
Real-time gross settlement systems (RTGS) are specialist funds transfer systems where transfer
of money or securities takes place from one bank to another on a "real time" and on "gross"
basis. Settlement in "real time" means payment transaction is not subjected to any waiting
period. The transactions are settled as soon as they are processed. "Gross settlement" means the
transaction is settled on one to one basis without bundling or netting with any other transaction.
Once processed, payments are final and irrevocable.
RTGS systems are typically used for high-value transactions that require immediate clearing. In
some countries the RTGS systems may be the only way to get same day cleared funds and so
may be used when payments need to be settled urgently. However, most regular payments would
not use a RTGS system, but instead would use a nationalpayment system or network that allows
participants to batch and net payments.
RTGS systems are usually operated by a country's central bank as it is seen as a critical
infrastructure for a country's economy. Economists believe that an efficient national payment
system reduces the cost of exchanging goods and services, and is indispensable to the
functioning of the interbank, money, and capital markets. A weak payment system may severely
drag on the stability and developmental capacity of a national economy; its failures can result in
inefficient use of financial resources, inequitable risk-sharing among agents, actual losses for
participants, and loss of confidence in the financial system and in the very use of money.
P a g e 12 | 30
Aadhaarshila Enroll system is fostering & cultivating the online payment industry for the
financially deprived in India by continuously providing novel products which simplify and
improve their lives and delights them. Our core focus is to create innovate channels which can
deliver value to the people. AES has over 1000+ customers utilizing our services from small &
medium customers to large fortune 200+ companies.
The company has developed a cloud based, robust and scalable service aggregation platform
providing single point access to a consumer's day to day transactions. With its subsidiaries
Syscom Corporation & Morpho, we are market leader in India in digital solutions for telecom,
payment, transport and enterprises. Syscom's telecom business has consistently outperformed the
market and increased its market share year on year.
One of every three Indians is able to communicate, in part because of Syscom's solution. Syscom
was certified as the first and to date only payment card manufacturer in India for the
manufacturing and personalization of chip cards for RuPay, the Indian payment card network by
National Payments Corporation of India (NPCI). Smart Chip's Transport / Road Safety Business
Unit won a 10 year contract with the Government of Madhya Pradesh. Smart Chip Limited's
registration business has shown an impressive turnaround, reaching the magical figure of 16
million enrolments so far.
Smart Chip and Syscom are the industry leaders in the verticals of civil identity, public security
and biometric solutions in India. The key verticals where they lend their expertise are spread
across six functions: - Telecom - Research & Development - Banking - Integration & Services Health & ID - Transport - Defense Our product will allow the non KYC customers, migrants, and
technologically unaware citizens of the country to have a transparent and cheap payment
system .Our product visions to simultaneously empower more than 20000 women in the process.
We are also in CSR activity wherein we empower women entrepreneurship & provide the
financially deprived with basic financial services.
We at Aadhaarshila aim to digitize the payment systems in India for a better tomorrow.
P a g e 13 | 30
The Employee Convenience Center is a very old model practiced in organizations.But the
provision of financial services through these Centers is a rather new concept.
AADHAARSHILA ENROLL SYSTEMS through its ECC helps workers and employees by
providing them with the following facilities:
These services are provided by the company through a kiosk set up in the organizations vicinity.
Value Added Products and services:.
Along with the above mentioned services the company also provides the organizations
employees with convenience and utility at their doorstep.
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MARKETING PLAN
The Aim Of Marketing Is To Know And Understand The Customer So Well The Product
Or Service Fits Him And Sells Itself.
~ Peter F. Drucker
The heart of the business success lies in its marketing. Most aspects of the business depend on
successful marketing. The overall marketing umbrella covers advertising, public relations,
promotions and sales. Marketing is a process by which a product or service is introduced and
promoted to potential customers. Hence Sales has to be backed by Marketing or Sales becomes a
time consuming process .Marketing helps create an Identity of a particular company or product
in the minds of the potential customers. This saves the time of the sales team to make them
understand the credibility of the company.
The Marketing plan already implemented:.
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Visiting and collecting information about industrial cooperative bodies like the MCCIA.
Social media marketing
Video creation
Retail and Worker testimonials
Booster mails
SALES PIPELINE
Telling Is Not Selling;Never Make A Statement If You Can Phrase It In The Form Of A
Question.
-Brian Tracy
A sales pipeline describes an approach to selling, founded on the underlying principles of the
sales process. It describes the individual steps salespeople take from initial contact with a
potential customer, or prospect, to qualifying that prospect into a lead, and further validating that
lead into a sales opportunity followed through the different stages until closed. All sales
opportunities arranged along each of the sales steps that make up your sales process is what
the sales pipeline represents .It is difficult to encounter a sales professional these days the has not
heard of pipeline management. As common as the term may be, many sales organizations today
are not making use of this powerful sales management methodology. Why is this?
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In many cases, you could say, that those companies that are not using sales pipeline management
either fail to recognize the benefits it provides or simply dont know how to shape their sales
pipeline to produce a strong sales outlook for their company.
Maintaining an accurate and interactive sales pipeline hence is very essential.
..\..\Downloads\final report of ecc.xlsx
LEADS
HOT LEADS
7% 21%
56%
WARM LEADS
COLD LEADS
NOT
INTERESTED
16%
No.
Hot
20
Warm
15
Cold
53
Not Interested
Total Contacted
95
PROBLEMS FACED
Problems Are Not Stop Signs, They Are Guidelines.
-Robert H. Schuller
P a g e 17 | 30
1
.
2
.
INSUFFICIENT DATA
3
.
EDUCATED STAFF
4
.
5
.
2. Less sources of data: The data collected to find the prospects and closings was sourced
from the internet and from cold calls carried out by us. The ratio of not applicable
companies to the applicable ones was very high. This led to exhaustion of source data
very soon.
3. Small scale units in Pune: Pune being a hub for manufacturing industries there are in all
6 Industrial areas around Pune. They are- Bhosari, Chakan, Chinchwad, Pimpri,
Ranjangaon , Yewat. Out of these only plants in Chakan and Ranjangaon are of a larger
capacity. Whereas the plants in Bhosari, Pimpri, Chinchwad & Yewat are on an average
of the capacity of just 100 employees. For Example: Bhosari MIDC houses more than
500 companies but all have only 50-100 employee strength.
4. Educated Employees: In large companies like Gabriel or Spicer Anand Dana the
employees recruited are compulsorily to have a Diploma in engineering. Even the
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temporary laborers are to be educated. Hence all use net banking and our portal cannot
benefit them.
5. Not Ready To Entertain Without Reference: Some companies with hierarchy insist on
going through reference. Because they have certain credibility issues with startups. Even
after having a word with the executives to actually get them converted and closed they
need a reference so that they can go ahead with the project.
-Andrew Wiles
1.
2.
3.
4.
5.
6.
7.
8.
Every problem has its solution. It is there somewhere just waiting to be found out. The team also
found out the solutions to the encountered problems.
1. Collect Valid Data From Genuine Sources:. Data collection should be acquired from a
more genuine and a more formatted source. MCCIA membership can give you a database
of 3000+ industries and their contact details.
2. Try To Go Through Reference:. If there is a reference as a leverage the company
suddenly takes you seriously and the job which usually takes over a month to be done is
done within weeks.
3. Have a Backup Operator:. If there is a closing and no operator to be allotted there the
company credibility is at stake. Hence there should be some NGO or Agency tie up
through which we can hire operators as and when needed.
4. Maintain an updated follow up sheet:. The follow up sheet format is very important
and the people using it should understand the need and proper use of it. The Sales team
should be given a proper formatted follow up sheet before going on field.
P a g e 20 | 30
5. Try To Have Maximum Meetings:. The concept should be explained on call and in
depth presentation and detail about the project should not be disclosed on call. An
appointment should be taken immediately as interest is generated. Because the personal
connection made through the real life conversation is always better than telephonic
conversations.
6. Create A Formatted E-Mail Before going on field:. Create a proper Email which
describes the product and the Company details and send it to the prospect companies on
their generic websites. This will help reduce a step in the follow up process and the
prospect will always have a reference mail to look at when the call is made or
appointment is taken.
7. Take Marketing Support:. The sales team should be given the support of a marketing
program wherein the Sales teamwont have to explain about the credibility of the
company along with the product specifications.A good social media marketing should be
done with a social message like Help Them Today & They Will Help You Tomorrow.
This will help the product penetrate in the minds of the prospects.
8. Establishing & Assigning Tasks:. The tasks to be done by the sales team should be
established and each one of the team should be given a separate set of tasks which they
are good at and they have to do them as a priority and can also suggest changes for
others tasks.
Long.
Anuj Somany
After working on the project for 2 Months we can now jot down the shortcomings in the sales
force and accordingly hope to improvise on them in the actual project when the sales team is to
be hired.
The following can be mentioned as the specifications of the sales team which will be appointed
on this project.
Sr.No.
A.)
1.
Good Communication Skills: The executive will be placed on a level where he has to
communicate with the higher officials who only appreciate and entertain individuals who
are confident calm and can speak properly.
Good Presentation Skills: The prospect customer is someone who wont be having
much time as to listen to all that you say. Hence the person recruited will have to know
how to sum up the information in few yet effective words and yet how to make a mark on
the prospective customer.
Keeping Follow ups: Keeping Follow ups is one of the most important habit the
recruited should be having. Even if it skips his mind to call someone the follow up sheet
will give all the details so as to help in the conversion process. The follow up sheet will
also help the company to keep a track of the individuals performance.
Have Good References Or Willing To Create Good References: After a lot of
experience with the ECC model now we can conclude that no other tool is as effective as
reference. Hence if the candidate has a a good background and is willing to use it for the
company benefit then he can be a valid candidate.
Determination To Work & To Learn More: Nothing can be done without dedication
and determination. If the candidate is willing to and enthusiastic he can do wonders for
the project.
At Least 1 Months Experience Of Working With Institutions: The recruited candidate
should have at least 1 month experience of doing B2B sales. If the individual has already
dealt with institutional structure he can easily interpret the hierarchy and can estimate the
right required time and will already know what are the steps to be taken to penetrate in to
the minds of the prospects.
STATE
Maharashtra
LOCATION
SUB-LOCATION
Pune
Pimpri Chinchwad
DESIGNATION
Territory ECC
Head
Project Executive
Nos.
1
2
1
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Bhosari
Chakan
Hadapsar
Ranjangaon
Yewat
Rajiv Gandhi
Infotech Park
2.
Mumbai
0
Project Executive
Taloja
Thane( TTC)
Dadar
Bhandup
Navi Mumbai
Millennium
Business Park
Airoli
Samruddhi Venture
Park
3.
4.
Baramati
Satara & Kolhapur
Project Executive
Project Executive
-Degaon
Phaltan
Karad
-Kagal
Gokul Shirgaon
Shiroli
-Satara Infotech
Park
-Kolhapur
Information
Technology park
5.
Nashik, Aurangabad
& Dhule
3
1
0
2
1
Project Executive
-Ambad
Satpur
-Waluj
-Avadhan
V-Tech Information
Technology Park
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Sr. No.
6.
SECTOR
CITY
SUBLOCATION
Latur &
Nanded
DESIGNATION
NUMBER
Project Executive
Project Executive
Project Executive
Ausa
Nanded
Shankarrao
Chavan Infotech
Park
Latur Infotech
Park
7.
Sangli
Kupwad
Miraj
Islampur
Sangli Infotech
Park
8.
Nagpur
Butibori
Hingana
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TARGET LOCATION
You Don't Want To Put All Your Lead On The Target. You Want To Leave Some Arrows
In The Quiver.
- Foster Friess
The targeted locations were only Pune and vicinity. The MIDC areas in Pune which were
Targeted were:.
Bhosari
Chinchwad
Pimpri
Ranjangaon
Chakan
Yewat
The Companies in these areas had a capacity constraint hence a few more locations also were
added. The locations extended were:.
Satara
Taloja
Ambad
Thane
Satpur
Wai
Alandi
Maharashtra:.
Sr.
No
.
1
CITY
SUB-LOCATIONS
No. OF INDUSTRIES
Pune
Mumbai
3
4
Baramati
Satara
Kolhapur
Nashik
7
8
9
10
11
Aurangabad
Dhule
Latur
Nanded
Sangli
12
Nagpur
Pimpri
Chinchwad
Bhosari
Chakan
Hadapsar
Ranjangaon
Yewat
Taloja
Thane( TTC)
Dadar
Bhandup
Navi Mumbai
Baramati
Degaon
Phaltan
Karad
Kagal
Gokul Shirgaon
Shiroli
Ambad
Satpur
Walunj
Avadhan
Ausa
Nanded
Kupwad
Miraj
Islampur
Butibori
Hingana
157
167
127
158
90
58
6
86
72
87
110
65
11
4
38
17
130
26
77
71
67
72
4
4
12
63
23
74
61
109
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PARALLEL SOLUTION
The Universe Is So Well Balanced That The Mere Fact That You Have A Problem Also
Serves As A Sign That There Is A Solution.
Steve Maraboli
The Company being a new name has an advantage over its counterparts. We dont have any
positive nor negative image. The Image hence can be shaped according to our wish and will.
The Companies approached have a few problems these are the parallel solutions to those
problems:.
Sr.No. COMMON PROBLEM
PARALLEL SOLUTION
1.
2.
3.
4.
5.
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SWOT ANALYSIS
STRENGTH
MINIMAL INVESTMENT
LONG TERM BENEFIT
WORKER IMPOWERMENT
STRONG FINANCIAL SUPPORT
FROM PARENT COMPANY
OPPORTUNITY
DIGITAL INDIA
FINANCIAL INCLUSION
CASHLESS
BIOMETRIC
WEAKNESS
LACK OF BUDGET ON BRANDING
POOR CUSTOMER SUPPORT
POOR MARKETING
SYSTEM ERROR
THREAT
COMPETITOR BRAND WITH GOOD
SYSTEM
NEGLIGIBLE CO. PRESENT
P a g e 28 | 30
CONCLUSION
The Employee Convenience Center as in the vision of Mr. Sanjeev Shriya is an effort
made for a noble cause. The process of understanding the vision and going through the
process of setting up an actual ECC was empowering. We being interns, the opportunity
of getting to work on such a dream was really a great experience. We would hence like to
conclude our experiences, ideas, and suggestions by saying:
The Employee Convenience Center is actually a very helpful and efficient model in terms
of Branding for the Company. The Cities with maximum industrial traffic should be
targeted to initiate the project from .Pune being one of the best choices. The model not
only helps the employees but also assists the employers to make a human to human
connection. The efficient and smooth functioning of this model will automatically prove
to be the best advertising of our product.
Pointers for Conclusion:
1. Good Branding Strategy
2. Employer & Employee Convenience
3. Targeting Industrial Traffic Zones
4. CSR activity
5. Strong Company Background
6. New Market Segment with Great Potential.
RECOMMENDATION
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