In a candid interview with NewsX in its special series NewsX India A-List, Rishabh Goel and Anand Agrawal, Founders, Credgenics shared insights from their professional journeys. Rishabh and Anand are heading India’s fastest-growing debt resolution platform by converting bad debt into good assets.
Navigating back to why they started Credgenics, Rishabh expressed, “You must be reading about a lot of these problems and newspapers filled with the non-performing asset (NPA) problem which is hampering the growth of the Indian economy. It is almost everywhere that how our problem in terms of lending is not getting addressed due to the rising NPAs and that is a common problem statement across the developing economies. So it’s not specific to India but all developing economies, be it Southeast Asia or the Middle East. Here a lot of focus was on the lending side of the business like it’s primarily a lot of tech intervention, data-driven strategies coming into the lending ecosystem, whereas collections’ was specifically untouched. It was primarily like no one was focusing on how to digitise the entire collections’ piece and lending is essentially a collections’ business. It’s easy to give money but difficult to take it back. So, we started focusing on that part of the puzzle.”
Joining in the conversation, Anand said, “When we started on the collections side most of these fin-tech companies were a part of the lending processes. We wanted to understand the entire process of collection. We saw it was manually-driven, there were no tech-driven approaches towards the collection. While everything is getting digitalised most of these collection processes were still done in traditional ways. That is where we brought technological solutions.”
To give a clearer view on how Credgenics work, Anand added, “We have a SaaS platform for enabling any lender to collect money on their phone. So we have different modules on the platform, like for example, we have a calling module, we have a communications’ module, we have a legal module altogether for the legal team to handle. So earlier maybe different teams of Collections would not be interacting with each other but now, given that there’s one single platform, the data resides on it and different teams would be able to interact in terms of Collections. So legal team performing some sort of actions would be known to the calling team and the calling team is talking to the borrower, it’s position will be visible to the legal team as well for their actions.”
Rishabh shared how Credgenics maintains a trust factor with its clients. “Covid-19 pandemic helped us a lot as it accelerated the digital journey. In the initial days, all the banks and NBFCs moved all the salespeople to collections. That was just a way around to scale collections manually for the time being. But essentially the need for a tech infrastructure to handle those volume collections became quite evident. It was not even the outbound sales, we were mostly doing the inbound sale. People were reaching out to us as we were enabling them to adopt a tech infrastructure to handle those collections. Digital adoption became clear after the pandemic and primarily why people had accepted that.”
The Daily Guardian is now on Telegram. Click here to join our channel (@thedailyguardian) and stay updated with the latest headlines.
For the latest news Download The Daily Guardian App.
Are you anxious ?
There are days when you wake up to a sombre morning feeling disheartened, drenched in despair and uncertainty. It gets difficult to deal with incomprehensible situations and the difficulties of life, consequently leading to a bleak aura. The cynical approach and the proclivity to belittle our existence result in emotional instability. We often have to deal with situations where life takes a bizarre turn, which is the exact opposite of what we expected or something strong enough to break us emotionally.
Is there any ideal way to deal with that small pain of anxiety in your chest? What is the way to resolve discontent? It would have been so much easier if there were medications or a list of pharmacopeia to alleviate the entire emotional turmoil.
Growing up in an environment where mental health and emotional stability have always been trivialised and overlooked makes it difficult for us to communicate ourselves or even seek help.
Perhaps the pharmaceuticals cannot help us out, but a perspective shift could. A small shift from a tangled thought process to a positive perspective can bring a considerable change into our lives.
In the words of Robert Browning, “Fail I alone, in words and deeds? Why, all men strive and who succeeds? ” We tend to measure our capabilities and achievements on the pretext of the conventional standards we have been fed since childhood, but why can’t it be different? The aforesaid lines of the poet are to teach us to look beyond the social directions and make ourselves understand that the path of success can be different for every individual. There can be certain instances like a person working hard to get materialistic comforts while another person defies all those materialistic comforts in order to be happy. We should not allow societal regulations to limit our potential.
Dealing with anxiety often seems far-fetched, but there are solutions to it. Workout or exercise is a perfect way to combat indolence and be productive. Physical activity produces Endorphins and dopamine, also called happy hormones, and is a perfect antidote to stress.
Manifestation is yet another remedy played down. When Paulo Coelho said, “And, when you want something, all the universe conspires in helping you to achieve it,” he was talking about manifestation. This might sound spurious, but a belief in the process and a belief in oneself is magical.
Life has yet to go, things are yet to happen, this is just a bend, this isn’t the end.
5 unheard professions that will make you question your career path
As kids, we’ve always been asked this question by someone “Beta bade hoke kya banoge?” Everyone knows what it means to be a nurse, doctor, engineer, police officer, etc. but there are plenty of other jobs you have never heard of. Here’s a list of 5 such exotic jobs across the globe that you will not believe that this profession exists.
The worm picker is a worker who gathers worms and they usually work at night. These jobs fall under the broader career category of Farmworkers, Farm, Ranch, and Aquacultural Animals. This profession can be great outdoors “hunting” and collecting earthworms. These worms can be sold directly to fishermen to use as bait or you can sell them to Universities or other institutions that use the worms for teaching and research purposes. In the US range, the salaries of Worm Pickers start from $17,510 to $38,630, with a median salary of $23,750. If you talk about qualifications as such no qualifications are required. One thing you need is some skills and commitment if you’d like to make a living from this job.
Just shell out some cash and you get a rental boyfriend. Yes, you heard it right in Tokyo, if you have the money, finding a boyfriend is as easy. The rental boyfriend’s concept started when many strong independent Japanese working ladies found it difficult to maintain a relationship because of work. The Rent-a-Boyfriend comes in three models- Fresh ($40/hour), Regular ($48/hour), and Special ($56/hour). These charges do not include any physical activities but these include activities like shopping, a single hug, and hand-holding session. Earlier in 2018, a 29-year-old Kaushal Prakash from Mumbai launched Rent a Boy Friend (RABF), the app that claims to provide you with ‘friends’ on an hourly paid service. “In India, people have that typical ‘Log Kya Kahengey’ reaction, the same response girls get when they wear short clothes,” Prakash said. According to the founder, the app is meant to help people with mental health issues such as depression.
My first reaction when I came across this job was… Wow! The job of a candy taster is to taste different flavors of chocolates and candies and then get paid for it. Nowadays it is one of the emerging careers like others. As a candy taster one needs to everything about chocolates. Meanwhile, an online retailer of confectionery treats from chocolate bars to licorice, Candy Funhouse in Canada is looking for a Chief Candy Officer with a salary of up to Rs 60 lakh per year. “Imagine your best memories around candy, and having that every day at work,” Chief Executive Officer Jamil Hejazi said. It might be time for candy lovers to quit their jobs and divert their attention.
Do you often get a remark about being sleepy? Do you find it hard to come out of your bed even after sleeping for hours? Then it’s time to sleep and even after that you get paid for it. You get paid to… Sleep! Yes, you heard it right. A professional sleeper is a person who is paid to sleep while scientists research sleep disorders. While the human body is asleep doctors study the brain and other activities. If we talk about the salaries of professional sleepers the top earners earn $107,000 and the average pay scale is $60,024. Earlier in 2016, NASA (National Aeronautics and Space Administration) offered someone the chance to stay in bed for 70 days for a salary of £11,000 (RM67,000).
Water Slide Tester
All play and no work Water Slide Tester job is the most enviable job you’ll ever hold. The water Slide Tester’s job is to check or test if the water slides in hotels, water parks, and theme parks are both fun or safe. After testing the slides you will have to provide a report outlining any safety and performance issues. If one is interested to join this job the ideal age is 18 or above. The basic skills you will need to join this profession is- one should have good observation, a stable and calm mind and most importantly daring to ride all types of rides. Moreover, being a water slide tester you can earn between $30,000 – $34,000 annually. Imagine how fantastic it would be turning up to work every day.
OVER 5 CRORE TIRANGA SELFIES CLOCKED AS PART OF HAR GHAR TIRANGA CAMPAIGN
More than five crore Tiranga selfies have been uploaded on the ‘Har Ghar Tiranga’ campaign website so far, the Ministry of Culture informed on Monday and termed it a “stupendous achievement”. Prime Minister Narendra Modi had given a call on 22 July 2022, to join the Har Ghar Tiranga’ movement by hoisting or displaying the national flag at homes.
“In a stupendous achievement, more than five crore ‘Tiranga’ selfies have been uploaded on the ‘Har Ghar Tiranga’ website,” the ministry of Culture said in a statement.
As India embarks on its 76th year of Independence, wrapping up the 75-week countdown to 15 August 2022, was the ‘Har Ghar Tiranga’ initiative of the government driven by the nodal ministry for ‘Azadi Ka Amrit Mahotsav’ the Ministry of Culture.
The commemoration of 75 years of independence started on March 12, 2021, as a 75-week countdown to 15 August 2022, and will continue till 15 August 2023.
Indian Missions under MEA screen short film on Sri Aurobindo
Indian Missions abroad under the Ministry of External Affairs (MEA), including the Embassy of India, Paris, India in UK, CGI Birmingham, Switzerland, Colombia and Ecuador, Permanent Delegation of India to UNESCO and Bahrain, screened the short film titled ‘Sri Aurobindo: The Beginning of Spiritual Journey’ on 15th August 2022, which also marked the 150th birth anniversary of Sri Aurobindo. Directed by award-winning Indian filmmaker Suraj Kumar, the short film is based on a screenplay by Manish Kumar Pran. The film stars Vikrant Chauhan in the titular role.
Based on Sri Aurobindo Ghose’s prison life (1908-1909), the short film was shot in Alipore Jail, Kolkata, from where Sri Aurobindo’s spiritual journey had started. Sri Aurobindo was arrested for conspiracy on 5th May 1908 and spent a full year in Alipore jail while the British government, in a protracted court trial, tried to implicate him in various revolutionary activities. It came to be known as the Alipore Bomb Case. He was finally acquitted and released on 6th May 1909.
‘Sri Aurobindo: The Beginning of Spiritual Journey puts the spotlight on an important chapter of Sri Aurobindo Ghose’s journey that often gets overlooked when one talks about his exemplary life and work. Sri Aurobindo was also a renowned freedom fighter and was accused of bombing a series of British nationals as a leader of Anushilan Samity. However, in Alipore central jail, while being accused of the Alipore conspiracy, he had a change of mind and became a philosopher and spiritual guru till his death in 1950 in Puducherry.
“While Sri Aurbindo Ghose was lodged in jail, his spiritual transformation started just after 2-3 days of prison life. My short film ‘Sri Aurobindo: The Beginning of Spiritual Journey’ documents his beginning of spiritual journey in Alipore jail,” reveals Suraj Kumar. Speaking about the film’s conception, he adds, “The idea of making the short cropped up when one of my IIMC friends and prison reformer Dr. Vartika Nanda discussed it with me, back in early 2021. Subsequently, I visited the National Library of India in Kolkata to document and record the news articles published related to Sri Aurobindo’s imprisonment. “
Sri Aurobindo Ghosh was one of the first few leaders who demanded complete independence from the British Raj. He is said to have proposed the concept of ‘Purna Swaraj’, 20 years before the Indian National Congress. He advocated the use of Swadeshi products, non-cooperation, and passive resistance to achieve the goal. After being a part of the Independence movement from 1902 to 1910, he shifted to the French colony of Puducherry, where he set up an ashram and worked for the development of ‘internal Yoga.’ He authored several works, including The Synthesis of Yoga, The Life Divine, The Ideal of Human Unity, and The Human Cycle, among others.
‘Sri Aurobindo: The Beginning of Spiritual Journey’ will be screened in various schools and colleges all across the country over the next one year.
WHAT MAKES NAVROZ A SPECIAL OCCASION FOR PARSIS
Navroz, which is the Parsi New Year, was celebrated on 16th August this year . The day is dedicated to the beginning of spring and to promoting peace, solidarity, and friendship among people and different communities.
The Navroz celebration is believed to date back to the time when Prophet Zarathustra founded Zoroastrianism, one of the earliest known monotheistic religions in the world, in Persia (now Iran). It was one of the most important religions in the ancient world until the emergence of Islam in the seventh century.
During the Islamic invasion of Persia, several Persians fled to India and Pakistan. Since then, their festivals have become a part of Indian festivities and are celebrated by people from diverse cultures.
Navroz marks the first day of Farvardin, the first month in the Zoroastrian calendar, also known as the Shahenshahi calendar.
For followers of Zoroastrian philosophy, this day represents the time when everything in the universe is completely renewed. Jamshed, a monarch of the ancient Sasanian Empire, is credited with introducing the Parsi calendar. Hence, this holiday is also called Jamshed-i-Nouroz.
Across the world, Navroz is celebrated at the time of the vernal equinox, around 21 March. However, Parsis in India follow the Shahenshahi calendar, which does not recognise leap years. This is why the Parsi New Year in India is celebrated almost 200 days after it is celebrated across the world.
On this occasion, Parsi families across India, especially in the states of Maharashtra and Gujarat as they have a sizeable Parsi population, visit the holy temples to offer prayers.
They also prepare traditional Parsi dishes like Farcha, Berry Pulao, and Jardaloo Chicken, among several other things. Parsis also believe it to be a day of remittance of sins and a time for repentance.
The filched Indian Gems
Over time, theft of Indian antiquities and diamonds has robbed India of its demarcation as the “Golden Bird,” or Sone Ki Chidiya. Many ancient artefacts vanished when India was still a colony. Here are some of the listed items:
The renowned Mughal Peacock Throne of Allaudin Khalji was the owner of the Koh-i-Noor. Diamond experts from all around the world refer to it as the “Mountain of Light.” Following the establishment of the East India Company by the British in India in 1849, it was given to Queen Victoria. It is currently kept in the Tower of London’s Jewel House.
The Ring of Tipu Sultan
Tipu Sultan was defeated by the British in a fight in 1799, and after his death, the colonisers took his sword and ring. The ring, which Vijay Mallya had spent a lot of money on, was sold at auction by the British in 2014 for £145,000, while the sword was given back to India.
The wine cup of Shah Jahan
Colonel Charles Seton Guthrie stole the wine cup that belonged to the Mughal Emperor Shah Jahan in the early 19th century and sent it to Britain. The wine cup was donated to the Victoria and Albert Museum in London in 1962, where it is currently displayed.
The Peacock Throne
A well-known peacock throne has also been taken. According to legend, it served as the sear of the Mughal emperors who conquered North India. This throne was previously located in Delhi’s Red Fort. Shah Jahan, an emperor in the 17th century, constructed this throne specifically for him. This throne was removed by the Persian King Nader Shah in the year 1739.
The marble idol of Sarswati
The goddess’s marble statue was inscribed in the year 1034 AD. This was the most priceless statue in Madhya Pradesh’s Bhojshala Temple. The statue was eventually misplaced, and in 1886 it was mysteriously discovered in the British Museum.
Opinion2 years ago
South Block’s mistakes will now be corrected by Army
Sports2 years ago
When a bodybuilder breaks Shoaib’s record
News2 years ago
PM Modi must take governance back from babus
Spiritually Speaking2 years ago
Spiritual beings having a human experience
News2 years ago
Chinese general ordered attack on Indian troops: US intel report
Legally Speaking2 years ago
Law relating to grant, rejection and cancellation of bail
Royally Speaking2 years ago
The young royal dedicated to the heritage of Jaipur
Sports2 years ago
West Indies avoid follow-on, England increase lead to 219