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Thousands of doctors across major cities in India, including the capital, New Delhi, on Tuesday, joined in on protests sparked by the alleged rape and murder of a trainee last week.
A 31-year-old female medical trainee was found dead at one of the largest government hospitals in the eastern city of Kolkata on Friday. Her body sustained multiple injuries and an autopsy report described evidence of sexual violence.
After the incident, doctors walked off their jobs at government hospitals, demanding better security and safety measures for health workers. The chief of the institution involved, RG Kar Medical College and Hospital, resigned on Monday.
Protests flare as doctors demand better safety
Protests picked up across government-run facilities in the eastern state of West Bengal, home to Kolkata, on Monday — with doctors saying they would suspend emergency services as well until at least Tuesday.
"As resident doctors, we are on the frontline and deal with lots of patients, which makes us quite vulnerable to these attacks," Doctor Rajat Sharma, vice president of India's Federation of Resident Doctors Association (FORDA), told DW.
"It's a scary situation which we see working on a daily basis. Doctors in West Bengal are protesting for their rights. We want to have better security for our resident doctors."
Around 75% of doctors in India have faced some form of violence, according to a survey by the Indian Medical Association.
Sharma's FORDA colleague Sarvesh Pandey told Indian media that doctors' demands included a specialized law protecting healthcare workers from violence on the job.
"There should be stringent security measures in hospitals and CCTV cameras should be installed," he said.
Students at universities in Kolkata also joined in on protests, demanding better safety measures for women in particular.
Sexual violence against women is a big problem in India.
The National Crimes Records Bureau reported that in 2021, an average of 86 rape cases were registered every day and 49 cases of crime against women lodged every single hour.
Protests spread to major cities, some services hampered
The incident has struck a nerve in the medical community who have repeatedly said they face threats from angry family members, especially in the case of bad news involving medical issues.
In the western Maharashtra state, home to financial capital Mumbai, around 8,000 doctors at government hospitals walked off their jobs on Tuesday.
In New Delhi, junior doctors wearing white coats held banners that read "Doctors are not punching bags" as they sat outside a big government hospital to demand an investigation into the incident.
Protests hampered medical services in the city of Lucknow in the most populous state of Uttar Pradesh, as well as in the popular tourist state of Goa.
How have Indian authorities responded?
The Calcutta High Court on Tuesday ordered the case to be transferred over to a federal agency, meaning that Kolkata police will have to submit all case documents to the agency.
Kolkata police initially set up a special investigative team and arrested a man in connection with the case.
City police chief Vineet Kumar Goyal told reporters a case had been registered against the suspect under provisions of the law relating to rape and murder.
The National Human Rights Commission on Tuesday sent notices to the director general of police and the chief secretary of West Bengal state, asking for a detailed report within two weeks.
West Bengal Chief Minister Mamata Banerjee met the family of the victim on Monday, telling reporters later that police were "giving utmost importance to the investigation."
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[ad_1] Junior doctors during their indefinite hunger strike over RG Kar Medical College incident in Kolkata | (Photo: PTI)4 min read Last Updated : Oct 12 2024 | 6:39 AM IST Junior doctors in West Bengal continued their indefinite hunger strike for the sixth consecutive day, drawing support from several senior doctors across the country and prompting the Indian Medical Association (IMA) to urge Chief Minister Mamata Banerjee to intervene before the situation escalates. The ongoing agitation has also led the Federation of All India Medical Association (FAIMA) to warn that it would declare a nationwide "complete shutdown of medical services" if any "any harm befalls brave junior doctors". Click here to connect with us on WhatsApp The agitating doctors are demanding justice for their murdered colleague at RG Kar Medical College and Hospital, along with a safer working environment and other important issues. On Friday, IMA national president RV Asokan met the fasting junior doctors to hear their concerns. After visiting another junior medic admitted to RG Kar hospital, he expressed his admiration for the protesters, stating, "I am touched by the way these children are fighting for the cause of the people and not for themselves. They are the real heroes, and we are all very proud of them."Asokan called on the CM to address the situation "without wasting any more time." He noted that while the junior doctors did not discuss ending their fast, they remained focused on their demands and confident in their pursuit of justice for their late colleague. "They did not talk much about withdrawing the fast but focused on their demands and the indifferent attitude of the state government towards their movement. They are quite confident about carrying forward their protest and get justice for the deceased woman doctor," he said. In a show of solidarity, the junior doctors encouraged the public to observe "Arandhan" (no cooking) on Ekadashi, coinciding with the completion of their seven-day fast. "When our freedom fighters were on hunger strike, the common people observed 'Arandhan' in their support," one doctor explained. In response to the protesting doctors' recent mail, chief secretary Manoj Pant provided a status report on various healthcare initiatives in West Bengal, outlining extensive safety improvements being implemented, including the installation of over 7,000 CCTVs, new duty rooms, and better facilities across medical colleges. "To enhance the safety and security of medical professionals, extensive infrastructural developments are underway across various medical colleges. We are installing a total of 7,051 CCTVs, 893 new duty rooms and 778 washrooms. Additionally, proper lighting arrangements, alarm systems and biometric access control is also being implemented across all medical colleges and hospitals state-wide," Pant wrote. As the hunger strike continued, several senior medics and community members joined the junior doctors at Esplanade, where a large crowd gathered, chanting, "We want justice, we demand justice. Meanwhile, the health condition of Aniket Mahato, a junior doctor who has been hospitalised after his condition deteriorated due to his fast since Sunday, is reported to be "critical but stable," with signs of improvement. He began responding to treatment, according to a member of the five-doctor team monitoring him in the critical care unit. He was admitted to the state-run hospital on Thursday night. Regarding the six other junior doctors on hunger strike since Saturday night, their health is also declining, though they remain determined to protest. "This is the sixth consecutive day of fasting, so it's natural their condition will worsen. However, they are determined to continue their protest," said one of the agitating doctors, Debasish Halder. An ICU ambulance has been stationed nearby for rapid response in case of any further deterioration. Meanwhile,
consultants at the Fortis Group of Hospitals have said they will suspend all non-emergency services starting October 12 (Saturday), according to a statement released by the organisation. In a related development, the Calcutta High Court granted interim bail to nine youths arrested for raising "We want justice" slogans outside a Durga Puja marquee on October 9. The youths had been remanded to seven days of police custody earlier. The junior doctors are demanding justice for their murdered colleague and the immediate removal of Health Secretary NS Nigam. They also seek the establishment of a centralised referral system for hospitals, a bed vacancy monitoring system, increased police protection in hospitals, and the swift filling of vacant healthcare positions. The doctors initially ceased work following the rape and murder of a fellow medic on August 9 and ended a previous 42-day strike on September 21 after receiving assurances from the state government. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 12 2024 | 6:39 AM IST [ad_2] Source link
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[ad_1] Junior doctors during their indefinite hunger strike over RG Kar Medical College incident in Kolkata | (Photo: PTI)4 min read Last Updated : Oct 12 2024 | 6:39 AM IST Junior doctors in West Bengal continued their indefinite hunger strike for the sixth consecutive day, drawing support from several senior doctors across the country and prompting the Indian Medical Association (IMA) to urge Chief Minister Mamata Banerjee to intervene before the situation escalates. The ongoing agitation has also led the Federation of All India Medical Association (FAIMA) to warn that it would declare a nationwide "complete shutdown of medical services" if any "any harm befalls brave junior doctors". Click here to connect with us on WhatsApp The agitating doctors are demanding justice for their murdered colleague at RG Kar Medical College and Hospital, along with a safer working environment and other important issues. On Friday, IMA national president RV Asokan met the fasting junior doctors to hear their concerns. After visiting another junior medic admitted to RG Kar hospital, he expressed his admiration for the protesters, stating, "I am touched by the way these children are fighting for the cause of the people and not for themselves. They are the real heroes, and we are all very proud of them."Asokan called on the CM to address the situation "without wasting any more time." He noted that while the junior doctors did not discuss ending their fast, they remained focused on their demands and confident in their pursuit of justice for their late colleague. "They did not talk much about withdrawing the fast but focused on their demands and the indifferent attitude of the state government towards their movement. They are quite confident about carrying forward their protest and get justice for the deceased woman doctor," he said. In a show of solidarity, the junior doctors encouraged the public to observe "Arandhan" (no cooking) on Ekadashi, coinciding with the completion of their seven-day fast. "When our freedom fighters were on hunger strike, the common people observed 'Arandhan' in their support," one doctor explained. In response to the protesting doctors' recent mail, chief secretary Manoj Pant provided a status report on various healthcare initiatives in West Bengal, outlining extensive safety improvements being implemented, including the installation of over 7,000 CCTVs, new duty rooms, and better facilities across medical colleges. "To enhance the safety and security of medical professionals, extensive infrastructural developments are underway across various medical colleges. We are installing a total of 7,051 CCTVs, 893 new duty rooms and 778 washrooms. Additionally, proper lighting arrangements, alarm systems and biometric access control is also being implemented across all medical colleges and hospitals state-wide," Pant wrote. As the hunger strike continued, several senior medics and community members joined the junior doctors at Esplanade, where a large crowd gathered, chanting, "We want justice, we demand justice. Meanwhile, the health condition of Aniket Mahato, a junior doctor who has been hospitalised after his condition deteriorated due to his fast since Sunday, is reported to be "critical but stable," with signs of improvement. He began responding to treatment, according to a member of the five-doctor team monitoring him in the critical care unit. He was admitted to the state-run hospital on Thursday night. Regarding the six other junior doctors on hunger strike since Saturday night, their health is also declining, though they remain determined to protest. "This is the sixth consecutive day of fasting, so it's natural their condition will worsen. However, they are determined to continue their protest," said one of the agitating doctors, Debasish Halder. An ICU ambulance has been stationed nearby for rapid response in case of any further deterioration. Meanwhile,
consultants at the Fortis Group of Hospitals have said they will suspend all non-emergency services starting October 12 (Saturday), according to a statement released by the organisation. In a related development, the Calcutta High Court granted interim bail to nine youths arrested for raising "We want justice" slogans outside a Durga Puja marquee on October 9. The youths had been remanded to seven days of police custody earlier. The junior doctors are demanding justice for their murdered colleague and the immediate removal of Health Secretary NS Nigam. They also seek the establishment of a centralised referral system for hospitals, a bed vacancy monitoring system, increased police protection in hospitals, and the swift filling of vacant healthcare positions. The doctors initially ceased work following the rape and murder of a fellow medic on August 9 and ended a previous 42-day strike on September 21 after receiving assurances from the state government. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 12 2024 | 6:39 AM IST [ad_2] Source link
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CCTV installation
Elevate Your Security with KK Service: Expert CCTV Surveillance Installation and Maintenance in Kolkata Elevate Your Security with KK Service: Expert CCTV Surveillance Installation and Maintenance in Kolkata In today’s world, ensuring comprehensive seurity is crucial for both businesses and residential properties. At KK Service, we understand that a robust security system is essential for…
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Kolkata doctor rape-murder: Principal resigns, protests continue for 4th day
Faced with the backlash over the rape and murder of a doctor at the government-run RG Kar Medical College and Hospital, director Sandip Ghosh resigned from his post and from government service on Monday morning, days after junior doctors demanded his resignation for failing to ensure staff safety, Indian media reported.
Hospital operations were disrupted across the state as junior doctors, interns and postgraduates continued their shutdown for the fourth consecutive day, demanding a judicial enquiry into the doctor’s death.
Ghosh’s decision came a day after the West Bengal government removed medical superintendent – deputy principal Sanjay Vashisth, who was replaced by Bulbul Mukhopadhyay, dean of student affairs, with additional responsibilities of superintendent.
For the past three days, the junior doctors had been performing emergency duties, but as of Monday morning, they ceased all their duties. A protesting junior doctor from RG Kar Medical College and Hospital, where the incident took place, said:
“We want an impartial investigation into the murder of our colleague, either by the CBI or a sitting magistrate. We are dissatisfied with the current police investigation and will continue our protest till justice is served and the state ensures foolproof security for all doctors and healthcare workers.”
The body of a woman aspirant was found in the seminar hall of the hospital on Friday morning and a civilian volunteer was arrested in connection with the crime on Saturday.
The junior doctors have asked the state government to expedite the prosecution of the culprits and suspend Ghosh and Vashisth.
Ghosh, who assumed office in mid-2021, has denied the allegations, saying he could not tolerate false accusations and was already co-operating with the police, including handing over CCTV footage. He said:
“I cannot take this insult anymore. All the allegations raised against me are false and fabricated. A student movement has been incited to remove me. There is a political mind behind this. I had informed police within an hour of the incident. CCTV footage has been handed over to police. I want the agitating students to rejoin duty soon.”
Ghosh personally visited Swasthya Bhavan to hand over his resignation letter.
The students also demanded that the post-mortem report of the victim and CCTV footage of the CCTV cameras installed near the seminar hall where the body was found be made public.
The state government has cancelled the leave of all senior doctors to cope with the influx of patients as Mondays usually see a large number of patients in outpatient departments.
Support for the striking doctors has come from across the country.
The Federation of Resident Doctors’ Associations of India (FORDA) has backed the strike and called for an end to fee-based services across the country, while the West Bengal Doctors Forum has asked Chief Minister Mamata Banerjee to conduct an impartial enquiry and strengthen the security of health workers.
Read more HERE
#world news#news#world politics#india news#india#india politics#indian news#doctors#doctor#kolkata#protests
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TOP IT COMPANIES OF NEW DELHI-NCR
Although Delhi is not on the list of four cities that have made a name for themselves in the information technology (IT) industry and their economy is thriving in the sector, it is fast catching up. Leading the list is, of course, Bangalore, India’s silicon region, followed closely by Hyderabad, Kennai and Pune where most of the major software and ITES companies are located. As for Delhi, it has hundreds of software companies but not a few that make it a top league.
Delhi, the capital of India, is proud of all the government offices and buildings in India. In addition, it is also famous for its rich culture and heritage. From old buildings to new supermarkets and offices, Delhi has a combination of everything. However, most people do not know that Delhi / NCR also participate in many top IT companies in Delhi, India and, therefore, make it a city for everyone.
It is important to install the NCR to better understand the growth of the sector. Noida and Gurgaon are both satellite cities and sub-states of Uttar Pradesh and Haryana, respectively, with a strong and strong IT industry to grow. Noida, which is very close to Delhi, is home to many software companies, many of which operate outside the software development park. The availability of trained professionals from various engineering centers in Noida and the suburbs that provide cheap labor has attracted the industry to the city and is now giving Bangalore the money to buy!
Gurgaon has grown in recent years not only back in the real estate sector but IT or the BPO industry is equally responsible for the city’s tremendous growth and development. Nearly all major BPO industries such as Genpact (which was the first), Convergys, HCL, Accenture, EXL, Wipro and many other telecommunications facilities fill a few hundred to a few thousand seats operating outside the Gurgaon glazed glass towers. The availability of a large number of English-speaking workers, cheaper power (and increasingly growing) and the ‘useful time’ separation between the United States and Europe and India, have had a significant impact on local economic growth. Delhi itself has specialized experience in web development and design as a unique marketing point. You can find the best web services competing with your counterparts in the West and India at very competitive prices. All web services games include design, development, web marketing, Search Engine Optimization (SEO), static and dynamic websites and ecommerce websites and solutions. Money stands in Delhi in terms of web development and without a doubt; you can get the highest amount of money spent.
The top 10 IT companies in Delhi-NCR are as follows-
1. HCL Infosystems Ltd. HCL Infosystems is part of HCL Enterprise. HCL Info-system systems were introduced with the production of micro-computing calculators back in 1976. It is an IT and distribution Services Company and a solution company based in India. The company operates in a variety of categories including Distribution & Learning, Hardware Products & Services. The company has a wide range of product portfolio including Digitally Enabled Learning & Career Development Solutions, IT & Services Integration Services and the distribution of technology and mobility services. The company is among the top 10 IT companies in Delhi-NCR.
Category: Information Technology (IT) Sub-Industry: IT- Hardware Company Type: India’s Top 500 Office Level: Head Office Location: Noida / Uttar Pradesh — 201301
2. HCL Technologies Ltd. HCL Technologies Ltd was founded in 1976 by Shiv Nadar. Its headquarters are in Noida, India. It offers a variety of services including IT, Business Consulting and Outsourcing Services. It is an Indian MNC company. It operates in a variety of fields including health science and health care, aerospace and defense, energy and resources, retail and consumer, small operator, travel, communications, storage, hospitality, etc. The company is among the top 10 IT companies in Delhi. -NCR.
Category: ITES — BPO, KPO, LPO, MT, Information Technology (IT) Sub-industry: BPO, KPO, Call Center, IT Software, App Development Company Type: India’s Top 500 Office Level: Head Office Location: Noida / Uttar Pradesh — 201303
3. Hitachi Systems Micro Clinic Pvt Ltd Hitachi Systems Micro Clinic Pvt Ltd was established in 1991. The company is well known and famous for designing IT platforms that work well to help Government and PSUs deal with growing challenges and uncertainties. It is a well-known Indian product of Integrated IT Solutions. It is having expertise in providing the latest security services and reliable IT solutions.
Category: Information Technology (IT) Sub-Industry: IT- Cloud Computing, Datacenter, Networking, Security Company Type: MNC Office Level: Head Office Location: New Delhi / Delhi — 110020
4. Iris Computers Ltd. Iris Computers Ltd was established in 1996. It is one of the top 10 IT companies in Delhi-NCR. Also, it is one of the largest IT distribution companies in India. The company provides desktop, laptop, and printer, CCTV camera, workspace, computer software, keyboard, and hard disk products, as well as providing nIris Computers Ltd.
Category: Information Technology (IT) Sub-Industry: IT- Hardware Company Type: 501–1000 India Office Level: Head Office Location: New Delhi / Delhi — 110037 Phone number: Click here Website: Click hereetwork installation, management, support, and storage services.
5. Microsoft Corporation India Pvt Ltd Microsoft India Private Limited is a subsidiary of the Microsoft software company Microsoft Corporation, headquartered in Hyderabad, India. The company has offices in all major cities of India including Kochi, Hyderabad, Mumbai, Delhi, NCR, Ahmedabad, Pune, Kolkata, etc. Microsoft India operates six business units in India-
a. Microsoft India (R&D) Private Limited b. Microsoft IT India (MSIT India) c. Microsoft Microsoft Services Global Delivery (MSGD) d. Microsoft Research India (MSR India) e. Microsoft Corporation India Pvt. Ltd. (MCIPL) f. Center Microsoft Support Technology Center (NTSC)
Category: Information Technology (IT) Sub-Industry: IT Software, App Development Company Type: MNC Office Level: Head Office Location: Gurgaon / Gurugram / Haryana — 122002
6. NIIT Technologies Ltd. INIIT Technologies Ltd was founded in 2004 by Rajendra S. Pawar and Vijay K. Thadani. It offers a variety of services including outsourcing services, business consulting and IT. The company has a customer base throughout Asia, Europe, North America and Australia. It provides a variety of services including IP assets and platform solutions, application development and maintenance, infrastructure management services and business process outsourcing. It is one of the top 10 IT companies in Delhi-NCR.
7. Oracle India Pvt Ltd Oracle India Pvt Ltd is one of the top 10 IT companies in Delhi-NCR. It was founded in 1977, in Santa Clara, California by Larry Ellison, Bob Miner, Ed Oates. Its headquarters are in Redwood Shores, Redwood City, California, United States. The company focuses on building and marketing cloud-based applications, data and technology software, and enterprise software products.
Category: Information Technology (IT) Sub-Industry: IT Software, App Development Company Type: MNC Office Level: Head Office Location: Gurgaon / Gurugram / Haryana — 122003 Phone number: Click here Website: Click here
8. Ricoh India Ltd. One of the top 10 IT companies in Delhi-NCR, Ricoh India Ltd is based in Tokyo. It has a global technology leader with jobs in many countries around the world. It has an Indian network in a pan with more than 1000 business partners. The company was founded in 1936. The company is involved in the provision of information technology (IT) services, printers and other resources. It focuses mainly on office imaging equipment, production printing solutions, and document management systems. It offers a variety of products and solutions, including office printers, digital printers, production printers, production systems, and video conference solutions, and related software technologies.
9. Siemens Industry Software India Pvt Ltd Siemens PLM software is a world-leading provider of muscle management products and manufacturing operations management software. The company’s main function is to provide product life cycle management and CAD / CAM software and services related to hi-tech technology, design, and manufacturing throughout the UK and other parts of the world.
Category: Information Technology (IT) Sub-Industry: IT Software, App Development Company Type: MNC Office Level: Head Office Location: Gurgaon / Gurugram / Haryana — 122002
10. Team Computers Pvt Ltd Team Computers Pvt Ltd was founded in 1987 by Ranjan Chopra. The company provides information technology services. The company provides IT infrastructure, data, cloud, business applications, and managed service solutions. The company has 25+ offices throughout India. It is one of the most well-known companies in the IT industry.
Category: Information Technology (IT) Sub-Industry: IT- Hardware, IT- Cloud Computing, Datacenter, Networking, Security Company Type: Industry Top Office Level: Head Office Location: New Delhi / Delhi — 110066
That was exactly the list of the 10 best IT companies in Delhi. Delhi as the capital of India has all the amenities and luxury one looks for in any major city. For tech-savvy people, choosing multiple IT companies in the capital is just a piece of cake:
So what are you waiting for? Go Dillii!
To assist you in your search for partners, we have compiled this list of the top Delhi software development companies. Browse through descriptions, feedback, and awards to find out which ones best fit your company’s needs.
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Ride-hailing service Shopicab is commencing its operations in Pune
Namaste India! We are glad to announce the launch of our operations in your city. Whether you need to make a business trip, a factory visit or run errands within the city, you can now count on Shopicab to get you there!
Shopicab the online cab booking has already commenced driver on-boarding in Pune and Kolkata.
Introducing Shopicab, a superior cab service with a motto of “Customers First” coupled with on-time services and low fares, ride after ride.
Shopicab will offer you reliable and affordable transportation options for everyone, everywhere at the tap of a button.
Over the years, commuters have not been offered stress-free alternatives nor has the industry been able to unlock the potential of ridesharing in India. Get ready; we are coming, now you no longer have to worry about booking a car in advance and coordinating multiple times with the driver. Just open your Shopicab app and get a car at the tap of a button.
Shopizio E-Commerce Ltd., the group company of Shopicab, has successfully established itself over the course of 25 years in Kolkata and is now here in Pune to set new standards as “cab booking aggregator” catering timely pick and drop, pocket-friendly as loaded with discounts, unique business model and innovative tech app.
Shopizio E-Commerce Limited incorporated its operations on 6th March 1995 in Kolkata and is registered with Ministry of Corporate Affairs and is the group company with subsidiaries in cab aggregator services, Agro Commodity trading, tele-shopping, Food Supplement Products, IT services & ITES, BPO, International Staffing & E- Commerce Marketplace.
Shopizio takes pride in mentioning that it is a “Debt Free Company” from its inception in 1995 till current day and is in the process of listing it equity shares on the BSE - SME exchange in the coming months.
Mr. Chittaranjan Roy – Managing Director & Promoter of Shopicab said, “The Company is launched with the sole purpose of bringing customers and drivers on a latest user-friendly mobile technology platform, ensuring convenient, safe, affordable, and comfortable personal transport for commuters. Shopicab is concentrating on leveraging the best technology and building innovative mobility solutions from scratch, which are going to be instrumental in revolutionizing the market by taking the commuting experience to an unprecedented level.
He appended, “In line with achieving set “GOALS”, within timelines, we invite investors to partner our success by funding our growth i.e. Venture capitalists, Angel Investors, Car Manufacturers, Law firms, Investment bankers and other strategic collaborators, are most welcome to join the journey.”
Shopicab app is for Android as well as iOS devices and uses Geo-location services to show the location of the cabs in real-time, enabling users to actually see their position and call for them immediately.
What make Shopicab stand out?
Team Shopicab has evolved strategies enabling us to stand- out with an industrial edge in our business segment, some unique highlights are :
● No surge pricing
● Customer-first approach
● 24X7 Helpline
● Innovative app
● Fares as low as Rs. 7.00 per Kilometer
● Safety ensured rides
● Latest GPS technology installed in every vehicle.
● Dedicated pick up and drop facilities for school students
● Ambulance services
● CCTV in each vehicle
● Eco-friendly operations
● Electric Mobility
● Pink Car’s - Women empowerment
● Specialized training for drivers
● Clean Cabs
● On- Time Cabs
● Multiple Payment Options
● ShopiCab Wallet
● Automated Instant Invoice
● Best Rated & Trained Drivers
● Skill Development of the drivers in association with various Government initiatives
● Corporate responsibility towards Cab drivers and their associates by providing them with accommodation, food mess, training, Insurance and medical insurance, car washing & Maintenance, Educational Facilities for their Children & many other initiatives to make their lives meaningful.
For Pune, Shopicab will have an interesting fleet of cars that include Hyundai i20, Renault Kwid, Datsun Go, Toyota Innova, Nissan Sunny etc.
The Market Size
Smartphone Penetration - In 2013 - 6% and May 2019 – 28% in metro cities, the penetration reached 60%-65% by Q1-2015.That is when and where the revolution of on-demand taxis began in India.
Penetration of app-based taxi services is only about 2 % (expected to hit 2.9 percent by 2023)
Indian Taxi Market -The Indian taxi market size was estimated at 1.9 million taxis estimated to generate $10 -$ 11 Billion revenue in 2019.
Unorganized Market -The unorganized small fleet operators account for ~91% market share in terms of registered taxi fleet. The arrival of on-demand taxi players has helped organize this market to a great extent.
Unique selling Proposition of Shopicab
No Surge pricing, Installation of CCTV, Introduction of a few ‘Pink Cab’s’ with women drivers ensuring safety of women passengers, Introduction of ‘Green Cab’ and Electric Mobility, robust lost-and found centre and many other innovative features in the offer to delight the commuter’s mobility.
On the financial front we are projecting a cumulative first 5 year’s gross billings to commuter’s of Rs. 18442 Cr with our “Net Effective Take” pegged at Rs 2766 Cr and a negative PAT of 180 Cr.
Early stage Funding – To Kick start the projects we are seeking funding of Rs. 25 crores either from angel, VC, QIB, Investment funds and other collaborator’s with vested business interests.
In further funding rounds we will be seeking Rs 175 crores to expand our operation to a total of 75 cities.
The exit options proposed to reward our investors would be either listing of shares, private placement, buy back option, Merger or acquisition.
To join forces for being a part of ShopiCab’s success, the company is inviting PE/VC, Angel Investors, HNIs, Car Manufacturers/ Dealers, Law/CA/CS/CMA Firms, Investment Bankers, FIIs, FDI, QS, QIBs, Brokers, Portfolio Managers and other Strategic Collaborators
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