In conversation with Ajay Harinath Singh, Chairman, Darwin Platform Group of Companies

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

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In conversation with Ajay Harinath Singh, Chairman, Darwin Platform Group of Companies

The Indian economy faces challenges on several fronts in the ‘New Normal’ or ‘Next to Normal’ phase. What are the new norms of leadership that organisations leaders must embrace to thrive in the new normal?

The Indian economy faces challenges on several fronts in the ‘New Normal’ or ‘Next to Normal’ phase. Businesses and entrepreneurship in the ‘new normal’ era can take a 360-degree turn. Consumption is expected to increase again, and the businesses are gearing up to meet the growing demand. A new normal situation demands new norms of leadership, alignment of business models with self-reliant India, adoption of new technologies, and sustainability.

Collective sense of purpose is the new norm for leadership. It comes with imagination, insight, and courage to navigate even in unknown territories with this. New norms of leadership call for the best from a dedicated team. Futuristic and system thinking is now the key to success for leadership.

At Darwin Platform Group of Companies (DPGC), we have undertaken a value-based, socially focused approach, where we operate from a higher purpose that is beyond the profit-earnings ratio. Given the rapidly changing business climate, new leadership needs to create both social and economic innovators and thereby create a new ecosystem. Our rapid growth into several high growth sectors is a result of strategic or system thinking of the leadership.

An important trait that makes leaders successful in every situation- normal, new normal or even abnormal- is their ability to create and develop a set of leaders. Over the years, we have endeavoured to build a dedicated team of leaders who demonstrate the collective sense of purpose by contributing significantly to the growth and credibility of the organization.

How can organizations fuel the “Atmanirbhar Bharat” mission and help in India’s economic resurgence?

The Atmanirbhar Bharat Mission has been providing momentum to industries intending to boost the economy. The wide-ranging reforms for accelerated infrastructural development and policy interventions to shape competitive “Make in India”, augur well for the economy. These initiatives are expected to spur growth, going forward. Several industries have aligned their business models to fuel the Mission. The ultimate aim of Indian industries is to boost the economy.

Our company’s core value, Nation Building through wealth creation, is now perfectly aligned with ‘Atmanirbhar Bharat’ and ‘Vocal for Local’ initiatives. We have combined employment and income generation with innovative business models as employment and income generation are top priorities of a growing economy.

Likewise, other companies and organizations also need to come forward in developing new, innovative, and sustainable business models that would support the Government in building a self-reliant India through continuous innovation, better management, and greater resilience. For the success of the Mission, through industry participation, innovations in every area of operations would be required. These innovations would fuel the growth thereby contributing to the well-being of society and boosting the Indian Economy.

Considering the present conditions, to stay sustainable most companies will need to integrate new digital business models. What are the emerging technologies you intend to put in place?

It is time for the industry to leverage the strengths of technology. New technologies are transforming lives and businesses. By integrating technologies, businesses have been bringing in cost efficiency, quality improvement, and customer-friendly solutions.

DPGC is a tech-enabled company, where we leverage our technology strengths in operations very effectively. With the support of IT tools such as Artificial Intelligence and Machine Learning, we ensure that our customers get quality products and solutions of their choice, at a competitive price. We have now entered the Defence sector with our path-breaking initiative which aims to equip Indian defence with new-age military equipment.

Currently, we are developing the prototypes of indigenously designed and developed military equipment based on Molecular Nano Technology (MNT). We will also be developing prototypes for Jackets, Arms, and Systems against laser-guided weapons. Following the testament laid down by “Make in India”, we have entered into a strategic partnership with Woxsen University, Hyderabad, for creating these systems using Artificial Intelligence (AI) and RPA software.

Ajay Harinath Singh, Chairman, Darwin Platform Group of Companies

How has Darwin Group embraced this mission?

DPGC has made rapid progress in several high-growth sectors such as Finance, Banking, Healthcare, Aviontric, Infrastructure, Realty, Energy, Mass Media, IT. We have recently forayed into the Retail and Defence sectors as well. In the new normal, we have been focusing on capacity building to push ‘Make in India’ and plan to supplement the campaign with ‘Make for the World.’

To achieve these goals several innovations, backed by robust R&D are being worked upon. We plan to scale up our tech-enabled services in FY 21-22. We intend to invest in making our digitally enabled services more customer-friendly. Throughout our journey so far, innovations and collaborations made the brand popular and credible. I believe, with path-breaking initiatives, we would not only achieve sustainability but also inculcate future-ready entrepreneurship among India’s talented youth.

 

 

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

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