The New Normal at Manappuram
UNIQUE TIMES|November - December 2020
In this article, I wish to highlight some of transformational changes that we have put through at Manappuram Finance. I am convinced these are changes that will go on to outlive the pandemic itself. While these transformations happened in the immediate aftermath of the pandemic to meet the near-term challenges, their benefits will continue to accrue for long due to the efficiency gains they bring about.
The New Normal at Manappuram

Shri V.P.Nandakumar MD & CEO Manappuram Finance Ltd.

Ever since the outbreak of Covid-19 forced authorities to impose lockdowns and other restrictive measures, organizations around the world have been engaged in a race against time to reinvent and transform themselves and become battle-ready for the “new normal.” The new normal is more than just another jargon; it refers to the altered situation in the world today where many of the old ways of doing things have become irrelevant. The organizational changes to adjust and adapt to the changed ground realities (relating to both economic and social aspects) have created a new challenge for business and industry, i.e. how to respond effectively to this new normal.

In this article, I wish to highlight some of transformational changes that we have put through at Manappuram Finance. I am convinced these are changes that will go on to outlive the pandemic itself. While these transformations happened in the immediate aftermath of the pandemic to meet the near-term challenges, their benefits will continue to accrue for long due to the efficiency gains they bring about.

Earlier, in this magazine’s September issue, I had written at length in general terms about digitisation and virtualisation in the article titled “Virtualisation is the new Industrialisation”. It now follows that I also highlight what challenges we faced in bringing about change in my own organization, and what the long-term benefits offered by these transformations would be like. To start with, I must clarify that we had embarked on the digitization drive even before the pandemic; in fact, I would say that the demonetization exercise of November 2016 was an earlier trigger point that set in motion this trend towards accelerated digitization.

Bu hikaye UNIQUE TIMES dergisinin November - December 2020 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye UNIQUE TIMES dergisinin November - December 2020 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

UNIQUE TIMES DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Bhutan: The Enchanting Jewel Of The Himalayas
UNIQUE TIMES

Bhutan: The Enchanting Jewel Of The Himalayas

Majestic snow-capped mountains, picturesque valleys, verdant forests, centuries-old Buddhist shrines and monasteries, fluttering prayer flags, a serene way of life and folks boasting the best happiness index in the world...this Land of the Thunder Dragon has much more to entice those with wanderlust.

time-read
6 dak  |
October - November 2024
Bail - Emerging Trends In The Context Of Money Laundering Laws
UNIQUE TIMES

Bail - Emerging Trends In The Context Of Money Laundering Laws

The Hon'ble Supreme Court in case of Manish Sisodia Vs Directorate of Enforcement 2024 SCC Online 1920 has upheld certain key propositions that where a trial has not merely been delayed but has not even commenced after a long period of incarceration, the same would be violative of Article 21 of the Constitution of India.

time-read
5 dak  |
October - November 2024
Toyota, Maruti Suzuki Boost Hybrid Vehicle Sales in Uttar Pradesh Amid Tax Waivers, Spark Industry Debate
UNIQUE TIMES

Toyota, Maruti Suzuki Boost Hybrid Vehicle Sales in Uttar Pradesh Amid Tax Waivers, Spark Industry Debate

Toyota and Maruti Suzuki are ramping up marketing efforts for hybrid vehicles in Uttar Pradesh, leveraging new state tax waivers that offer buyers savings of up to $15,800 on luxury models like the Toyota Vellfire.

time-read
1 min  |
October - November 2024
Supreme Court Rejects AAP Government's Plea to Expand NRI Quota in Punjab Medical Colleges
UNIQUE TIMES

Supreme Court Rejects AAP Government's Plea to Expand NRI Quota in Punjab Medical Colleges

The Supreme Court rejected the AAP-led Punjab government's plea challenging the High Court's ruling against expanding the ‘NRI quota’ to include distant relatives for medical and dental college admissions.

time-read
1 min  |
October - November 2024
USA's Delaware Supreme Court Confirms Byju's Default on $1.2-Billion Loan Amidst Ongoing Insolvency Proceedings
UNIQUE TIMES

USA's Delaware Supreme Court Confirms Byju's Default on $1.2-Billion Loan Amidst Ongoing Insolvency Proceedings

The Delaware Supreme Court has upheld a ruling that edtech firm Byju's defaulted on a $1.2 billion Term Loan B (TLB), validating claims made by US-based lenders.

time-read
1 min  |
October - November 2024
India Approves Rs 3,300 Cr Semiconductor Packaging Plant in Gujarat, to Boost Chip Production
UNIQUE TIMES

India Approves Rs 3,300 Cr Semiconductor Packaging Plant in Gujarat, to Boost Chip Production

The Union Cabinet has approved a Rs 3,300 crore proposal from electronics manufacturer Kaynes to establish a semiconductor packaging plant in Sanand, Gujarat.

time-read
1 min  |
October - November 2024
Thar Roxx: Your Perfect Off-Road Companion
UNIQUE TIMES

Thar Roxx: Your Perfect Off-Road Companion

To say that Mahindra knows the Indian customer really well, will be an understatement. Their biggest hits have come in various forms over the years, from the XUV500 to the XUV700 and the Scorpio N in recent times.

time-read
3 dak  |
October - November 2024
Exfoliate Your Way to Flawless Skin
UNIQUE TIMES

Exfoliate Your Way to Flawless Skin

Imagine waking up to smooth, glowing skin every day—skin that feels soft to the touch and looks naturally radiant without the need for heavy makeup or filters.

time-read
3 dak  |
October - November 2024
The Stinking Rose: Flavourful and Full of Health
UNIQUE TIMES

The Stinking Rose: Flavourful and Full of Health

Garlic, the humble bulb with a pungent aroma and a rich history dating back thousands of years, has earned a reputation not only in culinary delights but also as a powerhouse of health benefits.

time-read
2 dak  |
October - November 2024
Never give up!
UNIQUE TIMES

Never give up!

In the earlier stage of your life, it was someone else who might have been gravely instrumental in shaping your viewpoints. Hence, it is supremely important to re-evaluate what you believe in, when you become an adult.

time-read
4 dak  |
October - November 2024