| Business Basics |
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| Company Name |
Malola Mind Mentors |
| Founded in |
2008 |
| Headquartered in |
Chennai |
| Company website/URL |
www.malola.com |
| Industry |
Consulting |
| Stage of the company |
Several customers or locations |
| Source of idea |
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| Awards & honors |
Plenty - all on the way
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| Partnerships & Tie-ups |
We have an in-principle tie up with a Search firm, head quartered in Singapore. They have offices in key cities in Chennai. The spirit of the tie u...> Read more.. |
| Partnerships & Tie-ups |
We have an in-principle tie up with a Search firm, head quartered in Singapore. They have offices in key cities in Chennai. The spirit of the tie up is that our offerings complement their services.
We also have an in principle tie-up with a CPA firm based in UAE with offices in major countries in the Middle East. They have a good reach in their markets and they can open doors for us faster. Our partners will hold promote our services, hold relationships, while we focus on delivering our solutions.
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| Business description |
Malola Mind Mentors pioneers an unique concept - Business Psychology. We empower individual & Organisational Excellence. Ourofferings: Our offerings address specific markets. The specific markets are Corporate, Retail & Public. For the Corporate, we offer business psychology solutions that includes Strategic Initiatives and Behavioral Enhancement Program...> Read more.. |
Malola Mind Mentors pioneers an unique concept - Business Psychology. We empower individual & Organisational Excellence. Ourofferings: Our offerings address specific markets. The specific markets are Corporate, Retail & Public. For the Corporate, we offer business psychology solutions that includes Strategic Initiatives and Behavioral Enhancement Programs.
For the Retail, our offering is Empowering Employability (subject matter programs) and for the Public, it is "Jwala" the power program on self belief. Our solutions focus on empowerment and excellence - both from people and people processes. Our products can be grouped as "Consulting" and "Training".
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| How does the business make money? |
| -Offering services to our clients based on scope of each engagement
-The retail offering will be fee based
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| Team information |
| -Praveena Anand, CEO & Chief Knowledge Sharer
-Sampathkumar Anand, Chief of People
-Bhaskar Varadarajan, Director
-Sri Ganesh Lakshminarayanan, Director
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| Competition |
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| Competitors |
NIIT, Hero Mind Mine, City Specific & regional players, one man /one woman shops
In house capabilities of large organisations
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| How different is your product or service? It has... |
Substitutes that differ in price or value |
| In what way is your product or service different? |
-Our's is a path breaking approach
-Focus is on Measurable results
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| By The Numbers |
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2006 |
2007 |
| No. of employees |
0-5 |
0-5 |
| No. of locations |
0-1 |
2-5 |
| No. of customers |
2-5 |
6-15 |
| Turnover |
Under 10 lacs |
11-50 lacs |
| Profits |
preprofit |
preprofit |
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| Primary source of initial funding |
Personal savings |
| Primary source of additional funding |
Personal savings |
| Raised institutional capital? |
No |
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| Why is this startup hot? |
This is a great startup because: 1) We redefine the way organisational development is traditionally conducted; we break new ground with result based behavioral training which has never been attempted before. Through our retail program we bring in a path breaking approach called "pre hire induction" - Possibly the only company that will be rolling out imp...> Read more.. |
This is a great startup because: 1) We redefine the way organisational development is traditionally conducted; we break new ground with result based behavioral training which has never been attempted before. Through our retail program we bring in a path breaking approach called "pre hire induction" - Possibly the only company that will be rolling out implementation follow-up with all participants.
Our unique differentiator is providing measurable results, where we are moving towards clearly presenting the return on investments. We break the rules. Conventionally, companies invest lots of money but rarely measure the impact and benefits.
We rewrite the rules by our scientific approach and provide measurable solutions. This keeps our venture apart and makes this a cool start up. Less than handful of companies have initiated the process of measurement. Malola brings that as a rule. Our "Strategic Initiatives" offerings (the consulting services) will drastically change the way corporates handle Human Capital Management.
The competiton is still delivering in the traditional manner - ofcourse, with better approaches. We create a new path.
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| What keeps the team awake at night? |
| The passion to excel; to change the way businesses are done; more importantly the vision to make Malola a global name in the likes of Mercer, Hewitt, KPMGs of the world.
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