Latest news with #Munot
Time of India
28-05-2025
- Business
- Time of India
'50% of our growth will come from GCCs': Here are the trends shaping India's managed workspaces sector
Fully-customisable and branded office spaces ready within 30-45 days Access to lounges, gyms, and cafes Expert-designed spaces that are IGBC and LEED certified Flexible lease terms with utility costs included Complete administrative management, including visitor management ET Special Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India is emerging as one of the fastest-growing hubs for global capability centres (GCCs), which serve as strategic and integrated service, tech, and innovation hubs for multinational organisations. Mid-market GCCs in particular are leading this trend, accounting for 27% of all GCCs in India. And new centres are increasingly preferring flexible workspace operators — the kind that offer tailormade spaces and leases that are flexible as per evolving client which operates in Pune, Mumbai, the National Capital Region, Hyderabad, and Kolkata, boasts a diverse client roster with names such as Capgemini, BDO Rise, GoDaddy, SBI General, Carrier, L&T, DSK Legal, amongst others. As India's first and only managed workspace operator with an IGBC Platinum rating, it is best-placed to spearhead the future of work for India — and GCCs:'We are at about 700,000 sq ft. By the end of this year, we should be close to around a little over a million sq ft. That's a growth of 60%. And almost half of this will come from GCCs,' says UrbanWrk Founder and CEO Anuj is a veteran in the luxury real estate sector, having led the creation of nearly 40 million sq ft of space as part of the leadership team at Kalpataru. His experience with the real estate giant and penchant for sustainability and unique designs is a unique proposition for GCCs scouting for agile, yet green spaces that align with corporate goals. All UrbanWrk properties are built on the principle of biophilic design, which incorporates natural lighting, plants, and organic materials. They are also constructed with BIS-certified non-toxic materials, have energy-efficient lighting, rainwater harvesting, and rigorous waste management, as well as HVAC standards and indoor air quality Bengaluru, Pune, and Hyderabad remain the first ports of call for GCC expansion in India, Munot shares that Chennai, Kolkata, Indore, Ahmedabad, and Jaipur are emerging on the radar because of their more efficient unit economics.'I also think GCCs will look at places like Indore, Ahmedabad, and Tier-II cities once they are settled in the country. Because it's not just about finding talent the first time. It's about having a continuous stream of talent so you can expand operations,' he availability of talent is just one challenge GCCs encounter on the path to realising operational efficiency at scale. Infrastructure and managing remote workforces are key hurdles in local contexts. Unreliable internet connectivity, power outages, traffic congestions, and poor employee engagement in distributed environments also disrupt operational is tackling key operational and user experience challenges through integrated, tech-driven solutions. At the core is its proprietary UrbanWrk app, a centralised platform enabling seamless member engagement, real-time meeting room bookings, and facility management. The infrastructure includes secure access control systems, enterprise-level cybersecurity protocols, and dual internet service providers to ensure consistent uptime. Additionally, workspaces are configured with complete wireless setups and interactive displays equipped with digital annotation capabilities, designed to support modern, collaborative work to Anuj Munot, as many as 2,000-plus GCCs are currently entering or exploring the Indian market. Considering the whopping demand for asset-light, cost-effective, and future-forward flexi workspaces, it's no wonder UrbanWrk is projecting a doubling of its capacity by 2026 end.
Mint
22-04-2025
- Business
- Mint
Navneet Munot's investment philosophy: Key takeaways from his journey
Navneet Munot, MD and CEO of HDFC Asset Management Company (HDFC AMC) is one of the most recognised names in India's mutual fund industry. He has over three decades of experience managing assets. Taking care of assets worth over ₹ 6 lakh crore, Munot has played an immensely important role in shaping up the investment landscape in India. He has also held several prominent positions at SBI funds management and Morgan Stanley investment management. His roles at these leading firms have contributed to the growth of the Indian financial sector. Serving as the Chairman of the Association of mutual funds in India (AMFI) he has also participated in key SEBI committees on ESG and market regulation. Now, at the core of Munot's investment strategy is the concept of STP. Further, STP stands for Sound investments, Time and Patience. He puts emphasis on long term, calm and disciplined investing over short term, thrill based speculation, stressing that wealth creation is a gradual process of taking several good investment decisions and is not about rushing with investments. This process of compounding wealth by thinking long term, benefits those who start with their investments early and remain committed. Munot's own investment journey started in the 1980s when Sensex was in its initial stages. Today the same index hovers around 79,500 levels. To further elaborate on the same and the role of compounding let us take a look at the past 5 year returns of Nifty 50: Year Nifty 50 (yearly return) 2025 1.66% (YTD) 2024 8.75% 2023 19.42% 2022 4.32% 2021 24.12% Source: PrimeInvestor The above data clearly directs investors to focus on the long-term compounding process instead of short term thrills. On a long term basis Nifty 50 generally compounds by 13-14%, that is why investors should keep these figures in mind while making investment decisions. Further, Munot's strategy elaborates on not only focusing on the process of compounding but also on the importance of composure, patience and staying invested in strong businesses that have delivered strong earnings. He has always encouraged new investors to stick to this simple investment strategy even during stock market corrections, volatility and economic downturns. Despite uncertainties related to Trump tariffs, US-China trade war and domestic market fluctuations, Munot has always stayed bullish on India's long-term growth potential. Indian equity markets are hence a stock picker's paradise if someone focuses on building knowledge, reading and understanding the fundamentals of the Indian economy. This simple idea has been elaborated by him through numerous press interactions. India's young population, demographic dividend and the ongoing economic reforms are key drivers of market potential and future growth possibilities. According to his thesis, It is also important to remember that market corrections in India present opportunities for those investors who can focus and identify undervalued stocks. The rapid financialisation of savings in India, with SIPs now contributing more than ₹ 24,000 crore in monthly inflows into mutual funds is also a crucial point to keep in mind while making investment decisions. Munot has long been a proponent of sensible investing, championing the integration of environmental, social and governance factors into his holistic investment thesis. He has been at the forefront of pushing for sustainable investment ideology in India during his association with SEBI as the chair of the first ESG committee. Through these ideas, investors can inculcate the habit of making sensible investment decisions while adhering to social responsibility norms and aligning with global standards. A key step in this particular process is to read and stay informed by reading extensively about the social, environmental and governance (ESG) aspects of investing and incorporating and inculcating these ideals into investment ideologies. Munot, like several other prominent investment leaders envisions India becoming a major player in the global investment ecosystem. Through his numerous media interactions he has projected that India's demographic dividend, coupled with its rapidly evolving digital infrastructure along with government led initiatives will create significant investment opportunities in the years to come. To make the most of this growth opportunity retail investors in India should diligently read, discuss with certified investment advisors, focus on the process of long term compounding and invest in businesses that can scale the numbers and deliver in the long run. SIPs have now turned a corner and are the real deal today in the country. The number of individuals opting for a disciplined and systematic approach towards investment have rapidly risen over the past few years. The major reason for this is both rising financial and digital literacy. Today with more than ₹ 24,000 crore flowing into mutual funds SIPs every month according to AMFI data, this trend is a major catalyst for the financialisation of savings in India. All sensible retail investors should read and understand this trend and apply the simple investment ideals shared by Munot to make considerable wealth in the years to come. The ideals of Munot as elaborated above are easy to replicate but difficult to sustain for longer periods of time. Still, if you can focus, select strong businesses, discuss with investment professionals and build a long-term portfolio. Post the same hold your ground for several years, then Indian equity markets can really transform your life as an investor. Hence, Navneet Munot's philosophy offers invaluable lessons for Indian investors. Particularly at a time when according to a recent report of SEBI 9 out of 10 individuals participating in F&O are losing big money. Not only this, the report further added that the aggregate losses of individual traders exceeded ₹ 1.8 lakh crores over the three - year period between FY22 and FY24. In such an explosive environment it becomes even more important for investors to learn and listen to the words of wisdom shared by reputable financial market leaders such as Navneet Munot and to practice sensible investing techniques after prudent discussions with their own financial advisor. Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers are advised to consult with a certified financial advisor before making any investment decisions. First Published: 22 Apr 2025, 09:56 AM IST
