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You are the CEO.
What’s next?
Anand Deshpande
anand@persistent.com
You are the CEO.
What’s next?
Anand Deshpande
Founder and Chairman
Persistent Systems Limited
anand@persistent.com
http://www.linkedin.com/in/ananddeshpande
2
Thank you for inviting me!
It is an honour to be here.
3
Personal Context
http://www.linkedin.com/in/ananddeshpande
(BSE, NSE: PERSISTENT)
FY 19
Revenues: ₹ 33,659 M
Profit: ₹ 3,516.79 M
10,000 Employees
in 18 countries
Family Foundation on
a mission to help 25,000
self-employed businesses
Trained and practicing
Computer Science Engineer
B.Tech.(Hons) M.S. and Ph.D.
Part-time Member of UIDAI
Self-learnt entrepreneur
Have been at it for 29 years
Specialize in databases
Founding member of iSPIRT
Founding President ACM India
4
Four Stages of Planning Your Career
10
Years
1 Learn and Network
32
Years
10
Years
2 Establish an Identity
42
Years
10
Years
3 In pursuit of
the Corner Office
52
Years
10
Years
4
Building a legacy
and Setting up for
Retirement
5
You are 50+;
and perhaps over a few drinks …
चलो कु छ करते हैं
6
ReturnEarnLearnDr Sridhar Jagannathan
7
Must-solve problems that don’t come
with ready-made solutions.
Solving these types of problems takes
optimism, resilience, and grit.
It takes turning beliefs into action.
It takes giving.
8
What would be a good “big” problem?
• We have 1.3 Billion people in our country
• ½ of them under 25
• We have more than 25 Million people at every age.
NEED 15 MILLION JOBS EVERY YEAR!
• Can we put technology to work to build a platform that scales?
• Quickly realized that to create jobs we need to create job creators.
9
Need to address both Quantity and Quality
Need more
than
15 Million
jobs every year
Urban jobs must
pay at least
₹ 20,000
per month
10
Our Mission:
Help Job-Seekers
become Job Creators.
Ensure their success!
Our focus:
urban services
11
Eliminate barriers for entrepreneurs
Research the pain
points and the needs of
entrepreneurs
Provide everything
that an entrepreneur
needs in one place
Eliminate the
barriers for setting
up and running a
business
12
Personal, family
philanthropic venture
Established in 2013
Launched service in
February 2015
HQ: Pune, India
Inspired by
Set up as Company for
public good
Partners
Team of
70+ Employees
What is deAsra Foundation?
13
Our Sweet Spot:
Investment No Man’s Land
Loans Requirement
Between
₹1 Lac and ₹ 50 Lac
Our Sweet Spot
Revenue Between
₹1 Lac and ₹ 1 Crore
Every employee must
make ₹ 20,000 per
month
14
Version 1.0: Business in a Box
Start with deAsra.
Will provide everything a business needs in one place!
15
Specific to a business
16
Very detailed, online, self service. (www.deasra.in)
17
18
Monthly magazine and printed workbooks
in multiple languages
19
20
Mobile platform for everything that a small
business needs
21
Traction was low. Key Learnings
• Most businesses don’t start with a plan. They happen!
• They don’t want to be tracked.
• Much bigger segment –
I am stuck, help me!
22
Version 2.0: Disaggregation of the box
23
If you are stuck,
we have a solution for you!
24
About 80 different services
25
About 80 different services
26
Most popular businesses
27
Most popular services
28
How do I get a loan?
29
Am I compliant?
30
How do I find customers?
31
Current Score
Businesses that have
benefited from our
services:
33,542
New businesses
added every month
4,000
32
Key Learnings
• Users want specific help – precise information.
Minimal interaction for accessing and consuming
knowledge and services.
• Stay very focused on the target group.
The requirements beyond the group are different.
• Important to track activities on the website.
Have patience. Entrepreneurs are coming back for repeat
services.
33
Getting Loans is a Real Challenge
• Funding institutions, in particular banks, still work in traditional modes
with the relationship with branch managers determining access to funds.
• Most branch managers are reluctant to fund small loans. NBFC’s
predominantly fund only existing businesses with some cash flow or
credit history. So access to funds for starting small businesses remains
an issue.
• There are very few NGOs/CSRs supporting urban, small businesses
(between Rs 5L and Rs 1Cr annual turnover).
Greater focus is on rural or nano-businesses.
• Businesses are borrowing from lending sharks at very high interest
rates!
34
Goal: Get to 5000 beneficiaries/month by
Dec 2019
Current Plan: Towards Subscription Package models – for stickiness
• “Uber”ization of services – for more self service
• Introduce HR, Marketing & Tech resources
• Building better quality research data
• Introduce video based outreach
• Start Community building initiatives
• Continuous improvement of enquiries to beneficiaries ratios –
through online & facilitators
35
Version 3.0: Subscription Model
36
Why deAsra?
de – Deshpande
ASRA – Anand Sonali Ria Arul
37
Hope we can collaborate to
work on “big” problems
together!
Anand Deshpande
anand@persistent.com
38
Blitzscaling:
Prioritizing speed over efficiency
in the face of uncertainty!
39
Replace with Your
Company Logo
Note : Image in Background can be changed, B&W image Preferred
Building a Technology
enabled Scalable Platform for
Job Creators
41

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You are the CEO. What's next?

  • 1. You are the CEO. What’s next? Anand Deshpande anand@persistent.com
  • 2. You are the CEO. What’s next? Anand Deshpande Founder and Chairman Persistent Systems Limited anand@persistent.com http://www.linkedin.com/in/ananddeshpande 2
  • 3. Thank you for inviting me! It is an honour to be here. 3
  • 4. Personal Context http://www.linkedin.com/in/ananddeshpande (BSE, NSE: PERSISTENT) FY 19 Revenues: ₹ 33,659 M Profit: ₹ 3,516.79 M 10,000 Employees in 18 countries Family Foundation on a mission to help 25,000 self-employed businesses Trained and practicing Computer Science Engineer B.Tech.(Hons) M.S. and Ph.D. Part-time Member of UIDAI Self-learnt entrepreneur Have been at it for 29 years Specialize in databases Founding member of iSPIRT Founding President ACM India 4
  • 5. Four Stages of Planning Your Career 10 Years 1 Learn and Network 32 Years 10 Years 2 Establish an Identity 42 Years 10 Years 3 In pursuit of the Corner Office 52 Years 10 Years 4 Building a legacy and Setting up for Retirement 5
  • 6. You are 50+; and perhaps over a few drinks … चलो कु छ करते हैं 6
  • 8. Must-solve problems that don’t come with ready-made solutions. Solving these types of problems takes optimism, resilience, and grit. It takes turning beliefs into action. It takes giving. 8
  • 9. What would be a good “big” problem? • We have 1.3 Billion people in our country • ½ of them under 25 • We have more than 25 Million people at every age. NEED 15 MILLION JOBS EVERY YEAR! • Can we put technology to work to build a platform that scales? • Quickly realized that to create jobs we need to create job creators. 9
  • 10. Need to address both Quantity and Quality Need more than 15 Million jobs every year Urban jobs must pay at least ₹ 20,000 per month 10
  • 11. Our Mission: Help Job-Seekers become Job Creators. Ensure their success! Our focus: urban services 11
  • 12. Eliminate barriers for entrepreneurs Research the pain points and the needs of entrepreneurs Provide everything that an entrepreneur needs in one place Eliminate the barriers for setting up and running a business 12
  • 13. Personal, family philanthropic venture Established in 2013 Launched service in February 2015 HQ: Pune, India Inspired by Set up as Company for public good Partners Team of 70+ Employees What is deAsra Foundation? 13
  • 14. Our Sweet Spot: Investment No Man’s Land Loans Requirement Between ₹1 Lac and ₹ 50 Lac Our Sweet Spot Revenue Between ₹1 Lac and ₹ 1 Crore Every employee must make ₹ 20,000 per month 14
  • 15. Version 1.0: Business in a Box Start with deAsra. Will provide everything a business needs in one place! 15
  • 16. Specific to a business 16
  • 17. Very detailed, online, self service. (www.deasra.in) 17
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  • 19. Monthly magazine and printed workbooks in multiple languages 19
  • 20. 20
  • 21. Mobile platform for everything that a small business needs 21
  • 22. Traction was low. Key Learnings • Most businesses don’t start with a plan. They happen! • They don’t want to be tracked. • Much bigger segment – I am stuck, help me! 22
  • 24. If you are stuck, we have a solution for you! 24
  • 25. About 80 different services 25
  • 26. About 80 different services 26
  • 29. How do I get a loan? 29
  • 31. How do I find customers? 31
  • 32. Current Score Businesses that have benefited from our services: 33,542 New businesses added every month 4,000 32
  • 33. Key Learnings • Users want specific help – precise information. Minimal interaction for accessing and consuming knowledge and services. • Stay very focused on the target group. The requirements beyond the group are different. • Important to track activities on the website. Have patience. Entrepreneurs are coming back for repeat services. 33
  • 34. Getting Loans is a Real Challenge • Funding institutions, in particular banks, still work in traditional modes with the relationship with branch managers determining access to funds. • Most branch managers are reluctant to fund small loans. NBFC’s predominantly fund only existing businesses with some cash flow or credit history. So access to funds for starting small businesses remains an issue. • There are very few NGOs/CSRs supporting urban, small businesses (between Rs 5L and Rs 1Cr annual turnover). Greater focus is on rural or nano-businesses. • Businesses are borrowing from lending sharks at very high interest rates! 34
  • 35. Goal: Get to 5000 beneficiaries/month by Dec 2019 Current Plan: Towards Subscription Package models – for stickiness • “Uber”ization of services – for more self service • Introduce HR, Marketing & Tech resources • Building better quality research data • Introduce video based outreach • Start Community building initiatives • Continuous improvement of enquiries to beneficiaries ratios – through online & facilitators 35
  • 37. Why deAsra? de – Deshpande ASRA – Anand Sonali Ria Arul 37
  • 38. Hope we can collaborate to work on “big” problems together! Anand Deshpande anand@persistent.com 38
  • 39. Blitzscaling: Prioritizing speed over efficiency in the face of uncertainty! 39
  • 40. Replace with Your Company Logo Note : Image in Background can be changed, B&W image Preferred
  • 41. Building a Technology enabled Scalable Platform for Job Creators 41