A recent trend I’d like to share is that of companies located in the Narasapura-Hoskote industrial corridor looking for branch office space in KR Puram.

Lots of them are automotive suppliers who want to be near their large clients in Narasapura, but also want a prestigious and convenient office space within Bangalore City for meetings with top executives and other new clients.

This surge in demand for a branch office is probably fueled by the huge investments being made in Narasapura by Indian automotive and aerospace companies, and the arrival of some of the world’s largest companies.

For example, Apple contractor Wistron, a Taiwan-based tech giant, has acquired 43 acres of land in Narasapura, and plans to invest Rs. 1,947 crore in Bengaluru for manufacturing mobile phones, IoT devices and biotech equipment. They will attract a huge supply chain, many of whom will be looking for a branch office to house their own leadership and back office teams.

Then there’s Honda Motorcycle and Scooter India, which has its largest two-wheeler manufacturing plant in the country in Narasapura, with a capacity to produce 24 lakh two-wheelers. Honda has invested over Rs. 5,400 crore in this plant, with a massive economic impact that includes a projected 22,000 direct and indirect jobs.

Then there’s Mahindra Aerospace, Scania, Exedy Clutch India Pvt ltd, and Volvo (in Hoskote). What are the benefits of these Narsapura-Hoskote companies getting a branch office in KR Puram?

1. Prestigious location within Bangalore City limits.

The location is ideal for travel to and from most places in the city including the airport, Whitefield, Indira Nagar, MG Road, Marathahalli and other parts of East Bangalore. Not to mention the short 5-min drive to Hoskote.

2. Ability to house and expand office teams without blocking manufacturing space.

Suppliers with factories in Hoskote and Narasapura want to use as much space as they can for manufacturing, and their office space is small and cramped. Move to a professional office space nearby to avoid blocking up your valuable manufacturing space.

3. Executive office spaces for leadership, sales and administration teams.

Your top management expects a better quality of life, so their offices should be in a nice location and luxurious enough to match their position. Move you administration, sales and other functions to a nice set of offices in the city.

4. Easy access to manufacturing units in Narasapura-Hoskote corridor.

While it’s good to in the city, your office space should also be located close to the manufacturing units so that you can visit at any time you want.

5. Managed offices and five-star hospitality.

Having your own office in the city is different from a managed space where all you have to do is show up to work. Everything from a swimming pool to food, drinks, gym and meeting spaces, and maintenance are available with a single call.

The post Why Narasapura companies prefer branch office space in KR Puram appeared first on Evoma.

We have good reason to believe, therefore, that the next big tech park hub for IT jobs in Bangalore is going to be in the vicinity of our business center and coworking space in KR Puram.

Techies looking for IT jobs in Bangalore, and the tech companies who hire them, think not just about the salary, but also the quality of life. They look at the location, traffic and commute, greenery, availability of affordable residential properties and gated layouts nearby, malls, supermarkets, restaurants, playgrounds, schools and colleges, hospitals, and other facilities.

Let’s take these and other points that would favor Bangalore’s next tech park zone coming up in KR Puram.

1. Traffic and commute.

You have to face it – traffic and the horrible commute is Bangalore’s biggest challenge. I was talking the other day with a global head of Cognizant, which has an office in Hyderabad. I invited him here to Bangalore to create some of their IT jobs here, and he refused. Said he couldn’t handle the traffic.

But most of the IT workers employed by our KR Puram center’s tech companies find it incredibly easy to get here from various parts of the city. Whitefield is just 20 mins away, and it’s a serene drive through the greenery and lakes along the Kadugodi Road. The KR Puram Railway Station and Bypanahalli metro are 10-20 minutes only.

2. Parking in KR Puram.

There’s no waiting time to find parking in KR Puram. At Evoma, we have huge parking spaces in the basement, driveway, and outside on OMR. As a contrast, consider that the key benefit of our center on outer ring road is also the 0-second wait for parking. But that’s in Marathahalli, opposite Cessna Tech Park and other packed tech hubs, where you may have to wait for half an hour or more to find parking.

3. Tech Park zone in KR Puram.

For the record, we’re not the only ones who believe that KR Puram is the next tech park hub in Bangalore. Evoma is already part of a growing 14-km tech park zone that stretches along Old Madras Road. Ten minutes from us, Brigade has built a massive workspace complex called Signature Towers at Katamnallur Gate, where the road coming in from Whitefield meets Old Madras Road.

Then comes Evoma in the middle of this tech park zone, and after us on OMR, just after the KR Puram Bridge and the Krishnarajapuram Railway Station, lies WeWork Bangalore. WeWork’s Bangalore coworking space is located at the Tin Factory stop, occupying three floors of the massive 13-floor Salarpuria Magnificia KR Puram.

4. Luxury living in KR Puram.

One thing you want if you’re a tech park housing thousands of IT jobs and companies is luxury living all around you. What’s the point of earning huge salaries if you don’t have apartment buildings and gated community layouts, malls, restaurants, theatres, markets, shops and other places where you can enjoy the evenings and weekends? Right behind is East Bangalore’s tallest building – Pashmina Waterfront.

We’re also within easy (no traffic jam) driving distance of the residential layouts in Whitefield, Ramamurthy Nagar, Kalyan Nagar, Pai Layout, Banaswadi, TC Palya, CV Raman Nagar, etc. Phoenix Market City and Gopalan Mall are just around 10 minutes away, and the KR Puram vegetable market is less than 5 minutes.

Our only concern is that this lovely stretch of Bangalore, with all its greenery and lakes, might soon become too popular to be like this for long.

The post KR Puram – Bangalore’s next tech park zone for IT jobs appeared first on Evoma.

But if you look at it closely, a hack requires a certain level of innovation that gives you an edge and puts you ahead of the competition.

At Evoma, we have our share of such brilliant and innovative startups, small businesses and founders who have used these hacks to move fast from idea to successful startup and onwards to huge exits.

This is something that you will typically only learn from experience. It’s an invaluable list of five growth hacks that have a surprising capability to drive uninterrupted business growth.

1. 24/7 office space.

Pre-Requisite: Business address

Requisite: Office space.

Uninterrupted: 24/7 access to your office space.

In terms of location, the legal requirement is for you to have a business address. The technical or logistical requirement is for you to have an office. But the simple truth is that a new business needs 24/7 attention and hard work if you want to stay afloat and grow it. For this, you need office space that is accessible 24/7.

It’s something that a lot of startup founders and small business owners don’t think about when taking a shop or office for rent in a commercial complex.

If the building doesn’t allow you to work after 9 pm or 10 pm, you have to close up shop and go home.

You can’t come back until 7 am or 8 am when they open the doors. Meantime, you can’t do any work, and your customers know you’re closed during this time, which means they’ll go to a competitor who’s open 24/7.

Without realizing it, you’re giving away 10-12 hours of business time. Since your office is closed, you won’t even think about work during this period. It’s a mindset that can be unlocked by a growth hack – an office that is always open.

2. Clean energy.

Pre-Requisite: Electricity meter

Requisite: Pay your utility bills

Uninterrupted: 24/7 UPS backup power, with onsite solar array to generate clean energy.

Power cuts are so common that we just factor it into the way we do business. You simply shut down your plant until the power comes back. Workers are idling. Customers call and ask for a quote, product or service that requires you to make use of electricity. You just tell them there’s no power, and they should call back afterwards. Many of these customers won’t call back again.

Also, the utility bill for all that electricity you consume is one of the major expenses that has to take into account as part of your product pricing.

There’s a very massive growth hack here that could make you incredibly competitive. Install enough solar arrays on-site to fulfill all your power needs, with a huge battery backup and UPS to ensure uninterrupted 24/7 reliable and steady power supply.

Not only will you be able to keep your business open round the clock, but you will also eliminate the electricity bill. The cost savings makes you more profitable, and it reduces the per unit cost of your product or service, making your business more competitive compared to businesses that are paying for electricity and shutting down their business when there’s no power.

Again, this is a growth hack that business owners don’t realize they’re missing out on, until you actually install a solar-powered UPS. Then you realize its impact on cost, revenue and productivity.

3. Online paid ads.

Pre-Requisite: Domain name, website, email

Requisite: Optimized website, social media marketing

Uninterrupted: 24/7 online leads and sales from paid ads.

All sales is now online. Anyone who finds you offline will also checkout your website first. Most buyers will wait for you to contact them on Whatsapp, email or the phone afterwards.

You can get a domain name, build a nice website, optimize it, and start reaching out to people on social media. But that is exactly what a million other businesses are doing, so it’s very hard to get a decent amount of website traffic, and then convert it into leads and sales.

The easiest and fastest growth hack to get a steady flow of revenue from online channels is to run paid ads.

With a fairly decent ROI, it’s possible to get hundreds of leads every week from Adwords, Facebook Lead Ads, LinkedIn sponsored ads, Outbrain, etc.

Within a week or two, you could be swimming in leads and planning to expand your sales team.

4. Branding.

Pre-Requisite: Customers

Requisite: Happy customers

Uninterrupted: Referrals from happy customers who become brand ambassadors.

You can buy books about branding and download tons of guides and case studies to show you the way. You can hire ad agencies to run a branding campaign and put your brand in front of millions of people. But they’ll forget it soon as the campaign funds run dry. The key missing ingredient that makes you a known brand is the customer.

Just keep your customers happy. They won’t switch to your competitors, and they’ll talk about you to their family, friends and online through social media and blogs.

The growth hack here is to seek out reviews and testimonials from your most satisfied customers, and turn them into your brand ambassadors. If your customer is a business, you can post their testimonials and reviews on social media, and make them share it so that it reaches their fans and customers.

Combine the power of testimonials and influencer marketing to generate a steady flow of referrals from your existing customers.

5. Expansion.

Pre-Requisite: Planning for growth

Requisite: Sales revenue and funding for growth

Uninterrupted: Scalable office space for supporting growth.

Once the startup pains start easing and your business is going along smoothly, the next logical step to think about is expansion. You need a business plan that factors in growth and expansion phases, and you must have the sales revenue and additional funding needed for the expansion.

But you don’t need to worry about additional funding and growth plans if you have scalable infrastructure.

For instance, we have startups that have taken up office space for rent in Whitefield, in our business center. There’s also a coworking space on the top floor, where they can setup additional offices and freelancers as needed for projects.

So when you have a new project or two, you don’t need to take our bank loans for capital expenses related to expansion.

Get a project now, and expand into your new office within 5 minutes. Finished the project? Stop paying for your new office and reduce overheads back to the minimum required.

This is how our startups are lean but capable of taking on and delivering more work than competitors outside.

Get your flexible and fully-furnished office space at Evoma today! 

Call now: 08041903000 or email: inquiries@evoma.com

The post Growth Hacks for Growing Your Business Uninterrupted appeared first on Evoma.

As part of the leadup to the Independence Day celebrations at Evoma, we’re publishing this post highlighting the titans of Business India who have made such good use of the Independence to do business that the Republic of India provides to its citizens.

These titans have built hugely successful corporate giants that are shining examples of what an Independent India can do. They are defining for us our path towards the future, and that’s what you will see in the profiles below.

1. Anand G. Mahindra

Anand Mahindra, born on 1^st of May, 1955, is Chairman and Managing Director of Mahindra & Mahindra Ltd. Leading one of India’s top 10 industrial houses is by itself enough to be on this list of iconic business figures, but Anand Mahindra has gone above and beyond the call of duty to turn the Mahindra Group into a model of sustainability.

Under his leadership, Mahindra Group companies have evolved into socially and environmentally conscious entities which their customers, employees and business partners are proud to be associated with.

Anand Mahindra’s twitter presence, with a refreshing and authentic voice, is another reason that the Mahindra Group is now on the verge of that intangible but fanatic loyalty from its customers that is so hard to create as a business.

‘Rise For Good’ is what it says on the Tech Mahindra Foundation website, and the word ‘Rise’ is what defines the Mahindra Group, that gives the Brand a meaning and purpose.

“Sustainability is a part of our ‘rise’ philosophy. You cannot rise if you take more from the community than you put back.” – Anand Mahindra

2. Dr. Verghese Kurien

Dr. Verghese Kurien (Nov 26, 1921 – Sept 9, 2012) is the one who brings the milk to your door every day. The Milkman of India, Father of the White Revolution, the man behind Operation Flood that led to 72,000 villages in India becoming milk producers, is also the man behind Amul and Anand, which has become the biggest dairy business in India.

Dr. Kurien showed India, and the world, how to create a business with a distribution network that reaches every corner of the country, and is based on a cooperative movement – a socially conscious and sustainable movement to bring a basic necessity to every door.

His website, maintained by the Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), notes that “Dr. Verghese Kurien will always be remembered as the person who redefined the meaning of milk as a powerful tool for economic development.”

3. Azim Hashim Premji

Azim Premji, born July 24 1945, is the Chairman of Wipro Limited. He piloted Wipro skillfully through four decades of competition and transformation into one of the world’s largest software companies.

One key reason for the company’s stellar growth and success on the global stage is a culture of ethics, which came right from the top. While competitors bent the rules to get contracts and tenders, Wipro executives selling computers had crystal clear orders to not even consider the option.

Azim Premji is now the second richest person in India, and also the one to make the largest single donation ever made in India – a $2 billion pledge for school education, to the Azim Premji Foundation that is supporting pilot progams for rural government schools, developing proofs of concept. It says on the foundation website that they are working “towards a just, equitable, humane and sustainable society.”

Azim Premji has now given away 39% of his considerable personal wealth, comprised of his stake in Wipro. Azim Premji University, established as an Act of the Karnataka Legislative Assembly, offers alternative education programs and research.

“If people are not laughing at your goals, your goals are too small.” – Azim Premji

4. Baba Ramdev

According to the latest available fiscal data, Patanjali Ayurved Limited generated over Rs. 10,560 crore in revenue and is the fastest growing FMCG company in India.

The popularity and growing list of Patanjali products and stores is driven by a need in the market for natural and healthy products that claim to be steeped in tranditional Indian medicine such as Ayurveda and herbal care.

Yoga guru Baba Ramdev, who founded Patanjali Yogpeet as an institute for promoting the practice of Yoga and Ayurveda, was the company’s public face at first and gave it the brand name recognition needed for launch.

The company has now outgrown the person and personality behind it, and is reaching every corner of the country through a network of Patanjali shops that have a loyal consumer base of healthy lifestyle consumers.

In this book on Baba Ramdev, the author notes that while our national movement for freedom completed its first phase on August 15, 1947, the attainment of Puran Swaraj or real freedom in all its aspects – social, economic and political – remained to be achieved. That is what Baba Ramdev is trying to achieve, through his advocacy and through business ventures such as Patanjali Ayurved and Patanjali Publication.

The post Independence Day Special – Titans of Business India appeared first on Evoma.

Evoma Induction spaces. Call now: +918041903000

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However, based on our experience handling these events, we do know that small to medium businesses who are planning training sessions for the first time need some help in creating a structured induction program.

You probably hired these new employees because they know how to do the job, or are capable of learning on the job. We don’t know your company and business as much as you, so you can explain that better than anyone else.

The part of the induction that this blog post focuses on is getting the new employees to fit in, meet their new colleagues, and understand your company culture.

This is a set of tips or a checklist for conducting employee induction programs, and possibly to improve the induction experience for the participants, if you already have an existing program.

1. Arrange for transportation and hotel stay for new employees, if required.

People come to join new jobs in Bangalore from all parts of the country. It’s a new city and an unknown location for many of them, and getting to the venue on time is rather scary for someone who’s already sweating about what’s going to happen during the training.

The induction program has to make them feel that it’s easy to get to work, so arrange for local transportation from different parts of the city to the venue. Anyone who’s coming from another city or wants to stay overnight close to the venue should be provided hotel accommodation.

2. Venue and seating arrangement based on number of participants and type of training.

We’ve got nearly a dozen training venues of different sizes, for sessions involving 50 to 250 participants. The choice for an induction program should be based on the number of participants, the type of training to be provided, and the preferred seating arrangement.

3. Catering similar to the meals you provide for employees.

We have an award-winning Chef who is often on TV providing cooking tips for healthy and tasty food, so the kind of meals your new employees will get at Evoma will leave them wanting to come back for more inductions.

But the food you should provide at an induction program is the kind that your employees will be eating on a daily basis once they start work.

Explain to our catering team what is your company’s food experience, and we’ll serve up a similar menu for breakfast, lunch and tea, so they get an induction into the food they will be eating every day.

For the record, Evoma also provides on-site meals and outdoor catering arrangements including delivering packaged lunch meals in Bangalore for hotel guests who are on site visits.

We also offer full-service executive dining room (EDR) setup if you have clients coming and you want an impromptu kitchen with high-end dining and serving from a 4-star luxury hotel at your site.

4. Hire a trainer if you or one of your senior executives can’t do it.

Conducting induction programs requires training skills and deep knowledge of your company, industry and the business processes that the employees need to learn. If you don’t have someone on your team to do this, then hire an expert trainer who specializes in corporate induction programs.

We can connect you to HR agencies who will help you do this, in case you need an expert trainer to recruit, hire and train new employees. This is part of the array of business support services we provide to Evoma clients through our partner companies that include HR, IT, web design and development, legal, finance and accountancy, marketing and sales, etc.

5. Share your company culture.

This is the part where you explain to your new employees how they are expected to look and behave while at work. This includes¹ the dress code, conversational do’s and don’ts, such as should you call your seniors by their first name, or Boss or Sir?

Explain the commonly agreed upon behavior regarding music, food and meals within the office workspace, use of office equipment and facilities for personal use, etc.

Most importantly, explain the limits of personal interaction with coworkers to ensure no discrimination rules are broken. Explain the labor laws that apply, and what they have to do to maintain health and safety. One of the key aspects of company culture is work hours vs performance.

How many work hours per day, and does the company expect employees to clock in for an eight-hour day starting at a specific time such as 9 a.m., and work until a set time such as 5 p.m.? Or are you expected to put in as many or as few hours as you want, on condition that the work gets done?

6. Share the goals of the employee induction program.

Before you proceed with the actual training content of this induction program, explain what the goals are. What is each employee expected to be able to do as a result of this induction?

This is important not only to ensure they know what they should focus on and learn, but also for feedback at the end to judge how successful the training provided has been.

7. Call your CEO or one of the top leadership to share your company vision and mission.

Just as sharing the company culture ensures that employees are able to fit in, a rousing welcome speech from your CEO or MD will make your new employees feel valued and a part of the new organization they have just joined.

It’s important they be motivated and feel like they’ll be doing something important, and everyone from the CEO down knows who they are. Just the fact that they have met the CEO will be a morale booster.

The CEO’s vision is what should be driving them forward in everything they do, and the mission is what your new employees should be looking to accomplish through all their work, activities and plans.

8. Presentation about the company’s history.

They may know a bit about the company they’re going to work for, but you must provide a detailed presentation of the company’s history. Start from the founders – how they started the company, and every major milestone along the way.

9. Market data and in-depth information about the industries your company serves.

Before your new employees can start working on products or services with customers, they need to know about the market and the role your company plays in it. Evoma, as an office space provider, is part of the real estate industry in Bangalore.

We serve startups and SMEs, so we have a role to play in the startup economy in Bangalore, as well as the SME sector.

Enterprise customers such as banks, automotive manufacturers and aerospace manufacturers make us a part of these industries. Our business hotel in Bangalore is a part of the hospitality industry, as are the event venues and restaurants on-site.

New customer support and sales hires at Evoma are expected to know about these verticals, since they have to speak knowledgeably with clients who are considering Evoma as a service provider.

Our own induction process is more focused on coaching and on-the job learning than formal training, but we do provide printed manuals and digital playbooks for new employees as reading material.

10. Product information and hands-on demonstrations.

The last and final item on the induction program checklist is product information. Specifically, employees need to know product specs and usage, so they understand how it works and what to say to customers.

In addition to slides and presentations and brochures, the best way to train new employees is to make them use it.

A hands-on demonstration of product usage followed by practical sessions where employees use the products is extremely effective.

Reference:

1. Employee induction checklist – Fairwork.gov.au

The post Conducting Employee Induction Programs for Small Businesses appeared first on Evoma.

Why would you spend 8 years of your life in a place you don’t like to be in, counting the seconds? At Evoma, we want you to enjoy these 8 years, and remember them as the best years of your life.

That’s why we take a lot of trouble with office improvement, to provide some work-life balance for the companies located at our business centers in Bangalore.

How do we do it? Here’s a list that highlights our office improvement techniques, based on our experience making your business come alive.

1. Zero commute stress. Scenic location.

Evoma OMR is located in a wide-open space that is easily accessible from anywhere in East Bangalore – 20-30 minutes from both Whitefield and MG Road, and everything in between. Four-lane highway outside, with lots of greenery and lakes on either side.

There’s zero commute stress, because coming to Evoma is actually a very nice ride. You can enjoy the scenic drive – with no massive traffic jams that take hours to get through.

2. Don’t just work. Workout in the office gym.

You don’t just exercise your mind and your fingers on laptops, and mobile phones when you’re working at Evoma. You also workout in the rooftop gym.

It’s a busy life for executives and tech workers, so you may not find time to hit the gym in the morning or evening. But if you have 10 minutes before lunch, or in between meetings, we have a very nice and fully equipped gym waiting for you.

3. Cool off with a lap in the pool.

Instead of or in addition to a workout, you may want to take a refreshing dip and a couple of laps in the swimming pool.

It’s in the garden, well protected by tall palms and plenty of greenery. Nice temperature, and a lovely pool with crystal clear water waiting for you.

4. Poolside breakfast and WiFi, or a full breakfast buffet.

Breakfast is the most important meal of the day, and we’d like you to break bread with us. Well, it’s not just bread.

You’ll enjoy the breakfast at Evoma so much that your family will wonder what’s going on – why aren’t you eating at home, and why are you going to work so early?

Bring your family along, so they can get a taste of the healthy Evoma breakfast too.

5. Greenery inside your office.

It’s time to start work, so will you be forced to miss the outdoors for the next four hours?

If you can’t be outside, we’ll bring it in for you. It’s also, not coincidentally, supposed to be good for workplace vastu.

6. Greenery out the window.

We make it a point to design and improve office spaces in such a way that your workplace includes a nice green view outside, and we have plenty of flora (and some fauna) indoors as well.

Having a working environment that blends in with the surrounding nature outside will increase productivity.

7. Hang out with the fish by the water fountain.

Right outside the main entrance, we have a water fountain and fish pond, with a nice little rustic bridge that leads into the garden.

If you need a break, head for the fish pond and talk to them (yes…that’s what a lot of us do…).

Hang out with the fish, take a nice walk in the garden, and head back to work fully refreshed.

8. Want fish for lunch. Is there a good restaurant nearby?

Time for lunch, so where are we eating today? What’s on the menu? Is the food any good? Is there going to be a crowd during lunchtime? Will you get a table to sit and have a nice lunch?

There’s no need to ask all these questions at Evoma. We have 4 restaurants downstairs, and a crack squad in the kitchen who can make anything you want – instantly.

This on top of the daily buffet lunch and catered meals that we provide to our member companies and their employees.

9. After-office drinks with the team. Where’s the nearest bar?

Another four hours of work, and it’s time to start enjoying the evening. Is there a trendy and happening bar, cafe or club where you and the rest of the gang can chill and relax? That would be the UV Bar.

Expert bartenders who can hit you with nice, tall and cold drinks that will make you forget your worries and have a very good time.

The drinks menu, from the UV Bar menu, including the world’s best rum, vodka, whiskey, sparkling wines, and your preferred choice of beer.

10. Don’t want this day out at the office to end. Can I stay over?

It’s the end of our day out in the office, and now you want to do nightouts at Evoma.

A lot of our company founders and employees refuse to go home until they finish their projects.

Just for these night owls, we have microwaves, all night food and drinks served in the restaurant downstairs.

The four-star Hotel Evoma is under the same roof, with luxury hotel rooms and suites. You can say you’re busy working hard while snoring on a King Bed, in front of a large wallscreen television with a cricket or football match on, or a movie you like – on-demand.

This is how we spend our day out working at Evoma, where business meets leisure. What about you? Call now (08041903000) to get an office in Bangalore.

The post The Business of Office Improvement appeared first on Evoma.

[contact-form-7 id=”1689″ title=”Request office space”]

It’s important for us, because it’s these suppliers (the small and medium businesses that are vendors for the large manufacturers) who are our customers that rent office space.

What I’m going to do here is create individual Google maps showing the supply chains that have come up around the locations of the large manufacturers such as Hindustan Aeronautics Ltd, UTC Aerospace Systems, and Toyota Kirloskar.

Then we’ll take a look at how we provide office space for rent designed to meet the fast-changing needs of this interconnected aeronautical and automotive industry clusters of manufacturers, suppliers, and mobility tech startups.

1. Hindustan Aeronautics Limited cluster in Bangalore.

Hindustan Aeronautics Limited (HAL), headquartered in Bengaluru, is a public sector unit owned by the Government of India, under management of the Ministry of Defence. With more than 32,000 employees, HAL manufactures helicopters, aircraft, jet engines and aeronautical / aerospace components across facilities in seven cities, including Bangalore.

As per the latest available data, HAL generated Rs. 17,406 crore ($2.6 billion) in annual revenue, which resulted in a net income of $400 million. The economic impact of HAL’s operations in Bangalore, however, is much wider. The number of indirect jobs and economic activity through suppliers alone would be enough to match the GDP of a mid-sized Indian city.

The map below shows HAL’s largest campus in Bangalore, near Indranagar, surrounded by a large cluster of aerospace companies that are part of the HAL supply chain.

International Aerospace Manufacturing Pvt. Ltd.

GKN Aerospace

Asteria Aerospace Pvt. Ltd.

Jass Aerospace

Airframe Aerodesigns Pvt Ltd

GAD Aerospace Private Limited

Shape Memory Alloy Plant, F&F, HAL, Bangalore

Aerospace & Aviation Sector Skill Council

HAL , Foundry and Forge division

Boeing International Corporation India Private Limited

Apollo Aerospace Components

Hindustan Aeronautics Limited

Genser Aerospace IT Pvt Ltd

UTC Aerospace Systems

Park Controls & Communications Private Limited

Ferchau Engineering India Pvt Ltd.

Pinaka Aerospace Solutions Pvt. Ltd.

Bombardier India Engineering Centre

2. Aeronautics cluster in East Bangalore.

Now let’s look at a very similar map, with lots of overlap with the previous one. This one is for East Bangalore, stretching the HAL cluster over to Whitefield (UTC Aerospace Systems) on one side, and over to the Airbus and Boeing offices on the other side, nearer to KR Puram. This map, as you can see below, shows a triangle of aerospace companies in a cluster formed at the intersection of Whitefield, Mahadevpura and KR Puram.

UTC Aerospace Systems
Ferchau Engineering India Pvt Ltd.

UTC Aerospace Systems Site 2

Asteria Aerospace Pvt. Ltd.

International Aerospace Manufacturing Pvt. Ltd.

Sasmos Het Technologies Limited

Rossell Techsys

Boeing International Corporation India Private Limited

GKN Aerospace

Snecma HAL Aerospace

Airbus Group India Private Limited

Aadyah Aerospace Private Limited

Sakthi Aerospace

Hemkund Engineering

Pinaka Aerospace Solutions Pvt. Ltd.

Genser Aerospace IT Pvt Ltd

Legend Technologies (India) Pvt Ltd

Bliss Aerospace Components Pvt ltd

3. Toyota Kirloskar supply chain in Bangalore.

The Toyota Kirloskar plant in Bidadi and associated Toyota facilities and suppliers take up a sizeable part of the Bidadi Industrial Area’s automotive cluster on the outskirts of Bengaluru. Here’s a map that shows them (data from Toyota Kirloskar Suppliers Association).

As you can see from the map above, the biggest cluster is around Toyota Kirloskar’s Bidadi plant itself. But there are some more in the Peenya industrial area, and some more in the Mahadevpura-Whitefield cluster.

This last set of suppliers in the Toyota Kirloskar supply chain is what is most interesting, because they’re part of the Whitefield auto and aeronautical/aerospace clusters. Their operations, talent and component / parts / material requirements are close enough that the automotive and aeronautical industries come together in joint clusters serving both industries.

It’s the brave new world of connected mobility and autonomous vehicles they’re moving towards, and this is where we come into the picture as office space providers for a next-gen supply chain cluster.

4. Office space for automotive and aerospace suppliers and tech startups.

The Evoma Hotel and Business Center on Old Madras Road is ideally located on the highway, easily accessible to the aerospace and auto clusters in East Bangalore. HAL Stage 2 is just a few minutes away, as is the aerospace cluster shown above in Whitefield, which is close to our business centers in EPIP and Borewell Road.

It’s ideal office space for suppliers and manufacturers who want to set up a branch office close to their own factories and their customers and suppliers.

That is why customers such as Airbus and Lucep have landed in India, and are taking up space at Evoma. We’re now getting office space enquiries from auto and aerospace companies and startups that want to increase sales and be a part of these growing clusters.

The advantage, apart from the location, is that the startup and SME ecosystem we have in-house at Evoma provides infrastructure and technical assistance for aerospace and auto tech startups who are working on developing connected mobility, autonomous (driverless) vehicles, etc.

In addition to being close to and a part of these industrial clusters, you also have the chance to work directly with auto tech startups such as Lucep that are providing technology solutions to automotive manufacturers and dealers, and the opportunity to get connected to the world’s largest companies such as Airbus.

The post Office Space for Aeronautical and Automotive Clusters appeared first on Evoma.

To make it easier for someone trying to decide their business location, these are the main factors that impact where we work.

Educational institutions, residential real estate projects, and transportation top the list. Also important are health and public safety issues, uninterrupted supply of water and electricity, average income of residents, and the location’s proximity to shopping malls, restaurants and other entertainment venues.

1. Schools for your children.

We want our children to go to the best schools, but also want the school to be close to where we work and live. This is perhaps the most important factor that parents take into consideration when it comes to choosing their business location.

In fact, many parents who are business owners in Bangalore come to us looking for office space or coworking seats because they live nearby and their children are in one of the schools below. They don’t want to be stuck for hours in Bangalore traffic when their kids come back home from school, so they prefer to work from our spaces near their home whenever possible.

Top 10 schools within 10 minutes of Evoma Hotel and Business Center, KR Puram, Bangalore:

• New Baldwin International School
• Auxilium School (Silesian Sisters of Don Bosco)
• PoornaPrajna International School
• Indus Valley Residential School
• Amara Jyothi Public School
• St. Anthony’s Public School
• Chaitanya Techno School
• Lake Montfort School
• Cambridge School
• SJES School and College of Management

See this on Google Maps.

2. Colleges and universities for hiring talent.

You can hire fresh talent from IIMB, MS Ramaiah, Visvesvaraya, CU and some of the most well-known colleges and universities in Bangalore. But it’s a fact that people who live within 10 km of your location are likely to be with you far longer than those who commute from far away places.

These are the top colleges within 10 minutes of Evoma, in case you want to hire fresh talent – students who live and study nearby, and already know this location very well.

In fact, we have excellent relations with all these colleges, and many of them hold their event and training sessions at Evoma.

• Cambridge PUC College
• East Point College of Medical Sciences
• Garden City College
• Silicon City College
• Sree Venkateshwara PU College
• SEA College of Engineering and Technology

See this on Google Maps.

3. Residential projects for accommodation.

New residential projects attract business owners to move in and choose an office nearby. The Evoma Business Center is located next to the Pashmina Waterfront mega-residential real estate project. It is by far the largest and most prestigious residential project underway in the Whitefield area, if not in Bangalore.

Pashmina Waterfront project, by the numbers: Tallest tower in East Bangalore (3 basements, ground and 38 floors), with five towers. Surrounded by 3 lakes, with vast greenery and 14 acres of open space. Located on 8-lane highway (Old Madras Road), with easy access to Indira nagar, Whitefield, ITPL, Metro Rail Station, MG Road and the City Center. Price – 3 BHK, priced at 1 crore.

The top residential projects suitable for business owners and their employees at Evoma are as follows:

• Pashmina Waterfront
• Ohana
• Brigade exotica
• Bren Starlight
• Shobha Avenue
• Salarpuria Sattva Celesta
• Radiant Lake view
• Fortius Waterscape
• Saveria Neston
• Krish Gardenia
• Salarpuria Sattva East Crest

See this on Google Maps.

4. Transportation hubs and ease of access.

Now comes the question of moving around in Bangalore, visiting your customers, attending conferences and meetings, etc. Evoma is ideally located near several transportation hubs that can take you comfortably anywhere in Bangalore and beyond, to Kolar or even Mysore.  

You can get buses to anywhere in Bangalore from KR Puram, and there are transportation hubs at Tin Factory and Baiyappanahalli. On the other side, the RTO regional office is within walking distance.  

• Baiyappannahalli Metro Station
• Baiyappanahalli Railway Station
• K R Puram Railway Station
• KR Puram Bus stop
• BMTC Sadarmangala Bus Depot
• ITI bus depot
• Tin factory bus depot
• RTO
• Mahadevpura Bus stop
• Kadugodi Bus stop and booking office
• Kadugodi Railway station
• Seegehalli Bus stop
• Budigere Bus stop
• KIA
• BIAL hub

See this on Google Maps.

5. Proximity to shopping, dining, and entertainment.

We’re the main entertainment in this area. Four restaurants (continental, Japanese, cafe and bar) plus  a pool table, swimming pool, gym and other facilities that you can enjoy all day.

Let the food and drinks flow, and we have enough entertainment and exercise to help you digest it and crave for more. If that’s not enough, there’s a couple of massive shopping malls within 10-15 minutes, plus one of the oldest and most famous vegetable markets in Bengaluru.  

• The Courtyard Restaurant
• Elephants & Coffee
• OJ Japanese Restaurant
• Phoenix Market city
• VR Bengaluru
• Gopalan Grand
• World Market
• Decathlon Old Madras Road
• Buy Right super store
• KRPuram Vegetable Market

See this on Google Maps.

The post Business Location Factors that Impact Where We Work appeared first on Evoma.

The statistics below show the scale of India’s digital economy, and the massive opportunity for business and economic growth through digital transformation.

A new report by IBM and Kalaari Capital notes that the number of Internet users is expected to increase from the current 450 million to 850 million by 2022.

During this same period, use of mobile phones will spread from 65% to 90% of the country’s 1.32 billion population.

After the Digital India statistics, we’ll look at some stats for the Cashless India framework, and the cashless payment apps that are leading the charge of this movement towards a cash-free digital economy.

Digital India by the Numbers

Digital identity (Aadhar) – 1.2 billion

Internet users – 450 million

Mobile phone users – 1.18 billion

Smartphone users – 298 million devices and 468 million connections

Social media users – 250 million

Books – 0.7 million books in 70 languages in National Digital Library

Ration cards – 100% digitized

Govt eMarketplace (GEM 3.0) – 263,731 products by 105,889 sellers listed, with 22,598 buyer organizations

source – digitalindia.gov.in (Ministry of Electronics & Information Technology, Government of India)

Cashless India framework

Core component of the Digital India programme, the Cashless India initiative was created with a vision of transforming India into “a digitally empowered society and knowledge economy.” Finance Minister Arun Jaitley has said in his budget speech that the government has a target of 2,500 crore digital transactions for this fiscal year. Total payments via digital instruments are expected to hit $500 billion by 2020.

None of the technology is new – banking cards, prepaid cards, POS machines, Internet and mobile banking, micro ATMs, etc. Were all already available for use by small businesses opting for cashless transactions. What’s relatively new are AEPS (Aadhar enabled payment system) and UPI (unified payments interface).

Under UPI, each bank is now able to provide it’s own mobile app for banking customers, under which they can combine multiple bank accounts, services, funds transfer and merchant payments.

AEPS allows online interoperable financial transaction at the Point of Sale or micro ATM, and this is what is enabling individuals and small businesses to go cashless and accept payments online and by card. The transaction can be done Aadhar to Aadhar, or as a cash withdrawal or deposit.

Website: http://cashlessindia.gov.in/

Cashless payment apps

Some stats about India’s cashless economy, which is still only at 5% of the total transactions.

Credit cards – 33.87 million

Debit cards – 826.3 million

PoS machines – 2.5 million

But it’s not the cards and PoS machines that are now driving the digital transactions. It’s the cashless payment apps that have seen huge surge in adoption following demonetisation.

BHIM – Bharat Interface for Money

Aadharpay – Merchant version of AEPS. Merchant simply has to download the Aadhar Pay app and connect biometric scan machine to it on their smartphone.

Paytm – Possibly India’s most popular cashless payments app, with over 280 million registered users and more than 5 million participating merchants.

Tez – Google’s payment app for businesses in India.

Rupay – Domestic card payment scheme launched by National Payments Corporation of India.

Paypal – World’s most well-known online payment system, used by over 17 million businesses.

Ikaaz – Mobile payments solution for enterprises and retail stores. Just tap and pay using your phone.

PhonePe – Flipkart group company that makes use of BHIM UPI to enable mobile payments.

There’s $1 trillion in digital growth in the works, and it’s only just beginning to flow through these apps. The real impact will be felt when small business India goes digital – when the retail stores and restaurants and markets (kirana, hotel and vegetable markets) and other daily use FMCG businesses, the plumbers and electricians and all the service providers who operate in cash – when all of them start going digital – Aadhar to Aadhar.

The post Digital India Statistics – $1 Trillion Digital Opportunity for Growth appeared first on Evoma.

Apart from the location, the success of serviced offices also depends on the facilities, features and community. But coworking spaces are a different breed, since there’s no commitment required.

You’d think that it would be harder to keep cowork desks occupied, but that’s not so. We market both serviced offices and coworking space in Bangalore, at different locations across the city.

The occupancy in the coworking space was a bit low to start with, but has steadily risen to around 30% of regular customers and the rest in walk-ins and daily online bookings.

The serviced offices, on the other hand, are much harder to fill. There’s a lot of inventory at a couple of locations that are out of the way, and marketing it is proving to be a much harder nut to crack. So let’s look at that part – why is coworking easier to market than serviced offices or commercial office space?

Factors in favor of cowork marketing 

1. Affordability

It’s not so cool anymore to launch your startup business from your parents’ garage. But if you don’t have the funding to set up a proper office, you can still get all the benefits of your own office in a coworking space – minus the costs. No deposits, no long-term lockdowns. You just walk in, pay by the hour or day, and walk out without any commitments for the next day.

At the end of the month, it works out to be hugely cost effective. For growing startups, a coworking space is an easy and fast way to scale. We have one new coworking space that is located in the same business center that also offers serviced office space.

Many of the startups that were previously located in the building are now taking up coworking space in addition to their existing offices to support expansion and growth. Without the cowork space, they probably would not have taken up another office cubicle, or even moved to a bigger one.

2. It’s trendy

Office space providers have to understand that startups and freelancers don’t come to them for the space. They take up space for all the other reasons that will make their business successful – footfall, customers located nearby, talent availability, a community, networking opportunities, mentorship, etc.

It’s easy to see how all this becomes far easier in a coworking space, as compared to the closed walls of commercial spaces where you don’t get to meet anyone. The new breed of startups and freelancers understands this very well, and they prefer to take advantage of this by coworking.

3. No geographic limitations

When you launch a startup or your own consultancy service, you have an office in one specific location. As the business grows and you get to the next stage, you have to relook the space and location.

It’s a big decision at that time to relocate, since it involves costs and potential for business disruption. But there are no such challenges if you’re a coworking startup. Your office is where you are – it could be another area at the other end of your own city, or it could be any other city in the world.

4. Community

Continuing from the point above, you can be anywhere in the world, and you can access a coworking space that’s connected in some way to the one back home that you use regularly. It’s not about six degrees of separation, but the fact that the coworking community is so vast and so well connected that you can easily get a referral to a coworking space from someone you know.

In fact, there are service providers and coworking search portals that allow you to get a membership that gives you access to workspace at coworking spaces across the world.

Commercial office cubicles just can’t compete with this kind of freedom and flexibility. That’s why the future of office space is tilting fast towards coworking. You will still have large companies with their own executive suites and cubicles for staffers, but that’s going to be less in vogue as time goes by.

The post Why it’s Easier to Market a Coworking Space appeared first on Evoma.