Invest In India » healthcare http://investmoneyinindia.com Indian Financial News Resource Thu, 10 May 2012 19:45:11 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Will MindTree touch $1 bn revenue by 2014? http://investmoneyinindia.com/1847/will-mindtree-touch-1-bn-revenue-by-2014 http://investmoneyinindia.com/1847/will-mindtree-touch-1-bn-revenue-by-2014#comments Fri, 21 Aug 2009 06:21:00 +0000 Tushar Mathur
“We are making strategic investment in defence, working along with DRDO and focusing on areas which deal with the surveillance space. There isn’t much revenue contribution right now, but the potential in long run is great” , said S Janakiraman, president and CEO, R&D services and one of the 10 co-founders of MindTree. MindTree is also building video surveillance , analytics solutions and new telemedicine solutions for the burgeoning rural healthcare market. “We recently had a major win from an Apac telecom firm and an European consumer appliance company. The size of the contracts is worth $5-6 million”, he said.

Mr Janakiraman said that MindTree will be the fastest growing company once the recovery happens as they are making more investments for innovations. “The 15% salary cut of 200 employees out of 8,000 will be immediately restored once business picks up”. MindTree has also bagged a contract for IT services from Swift, the financial messaging provider, and has plans to tap energy sector.

“We have put the team in place and are talking to large energy companies in Europe and the US,” said Anjan Lahiri, president and CEO, IT services and one of the co-founders of MindTree.

Agencies

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]]> Mid-sized software services firm MindTree, which completed 10 years on Tuesday, will come up with newer strategies as it aims to achieve over $1 billion in revenues by March, 2014. The company, which counts steel-maker Arcelor Mittal and Swedish truckmaker Volvo among its top customers, will be focusing on areas like energy, defence and healthcare. The firm is also targeting newer geographies like Japan.

“We are making strategic investment in defence, working along with DRDO and focusing on areas which deal with the surveillance space. There isn’t much revenue contribution right now, but the potential in long run is great” , said S Janakiraman, president and CEO, R&D services and one of the 10 co-founders of MindTree. MindTree is also building video surveillance , analytics solutions and new telemedicine solutions for the burgeoning rural healthcare market. “We recently had a major win from an Apac telecom firm and an European consumer appliance company. The size of the contracts is worth $5-6 million”, he said.

Mr Janakiraman said that MindTree will be the fastest growing company once the recovery happens as they are making more investments for innovations. “The 15% salary cut of 200 employees out of 8,000 will be immediately restored once business picks up”. MindTree has also bagged a contract for IT services from Swift, the financial messaging provider, and has plans to tap energy sector.

“We have put the team in place and are talking to large energy companies in Europe and the US,” said Anjan Lahiri, president and CEO, IT services and one of the co-founders of MindTree.

Agencies

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]]> http://investmoneyinindia.com/1847/will-mindtree-touch-1-bn-revenue-by-2014/feed 0 Will the concept of nursing homes work in India ? http://investmoneyinindia.com/33/will-the-concept-of-nursing-homes-work-in-india http://investmoneyinindia.com/33/will-the-concept-of-nursing-homes-work-in-india#comments Fri, 21 Mar 2008 06:38:51 +0000 Tushar Mathur http://investmoneyinindia.com/will-the-concept-of-nursing-homes-work-in-india/ ©2009 Copyright by Invest In India

]]> The Indian society is changing by the day – working couples or children going abroad for employment are common these days. These factors have effected a change in the traditional Indian value system that requires children to take responsibility of their aging parents.
If you’re looking forward to a languid life, imbued with serenity and bliss post-retirement, you might want to think of homes for the elderly. A respectful, independent, fun-filled life amongst like-minded contemporaries is the way of life in a home for the elderly today.

The 60-plus age group is now learning to fend for themselves and live an independent life separate from their children. Not only is it convenient for the younger generation but it also lets the elderly live their retired lives as a phase when they can fulfill their dreams. They look at this phase as an opportunity to do things that their hectic working lives did not permit. The older generation is eager to live life on its own terms rather than becoming a burden for their children. Homes for the elderly provide such lifestyles to its residents.

Most of the homes for the elderly provide food and medical facilities. The activities are designed to encourage participation by all and are enjoyable for the people living there. Most senior citizen homes offer facilities like a library, TV room, and Yoga room that will be useful to its residents.

Elderly homes are mostly run by charity organizations. For example, Nivara in Pune is one such elderly home that is financed through charities and donations. Delhi also houses several charity based elderly homes like Sandhya or The Delhi Christian Friend in Need Society’s Home for the Aged. Sathyalok Ideal Home for Senior Citizens and CSI Home for the Aged are similar ones in Tamil Nadu. Most of the working staff does voluntary work. Therefore, you may notice that elderly homes are not as glamorous as retirement homes where people pay a fee to stay. However, elderly homes are definitely respectable places to live in, even for the desolate, financially weak, or physically challenged elderly people.

Do you know of any homes for the elderly in your city? How do these homes function daily? What is the standard of living provided in these homes? Would you be happy in any of these homes?

I believe that nursing homes is a good option , especially for us NRI’s, who cannot be there with their parents on a daily basis. At least we will have the mental satisfaction that our parents are being cared for, in terms of health. What say?

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