The COVID pandemic struck almost every sector of the country with great downfall. It is not a hidden fact that our country faced a vast economic crisis. But, were there any exceptions?
Here are some Indian companies that surged their way even through the covid-19 pandemic:
Paytm is an Indian online payment system that was founded in August 2010 by Vijay Shekhar Sharma. It is based in Noida, Uttar Pradesh, India. Amidst the covid-19 pandemic, people were scared of the transmission of coronavirus via cash money exchange. To cope up with this, people started using safer mediums such as paytm. Paytm founder Vijay Shekhar Sharma said that the company is seeing almost 3.5X growth in transactions on its platform amid the COVID-19 pandemic and resultant lockdown as users turned to digital payments to make payments in a safe manner.
According to a survey, the percentage of people using paytm as a medium to pay online in the covid 19 pandemic is 33% while the percentage of Indian people using other platform such as google pay and amazon pay is comparatively low.
Delhivery is an Indian delivering company that was founded in 2011 by Sahil Barua and other co-founders. It is a Gurugram-based Digital Commerce logistics company with 70,000+ employees. When the COVID started spreading internationally, Delhivery was an early adopter of precautions as to avoid the spread of the virus. When the lockdown was announced, Delhivery and all logistics companies in the country were operational in 0 pin codes. But within 7 days of when the lockdown was announced, Delhivery was again active in 15,500+ pin codes, they had transformed the way they conducted their business in record time to meet the COVID-19 challenge. Delhivery on their official website mentioned in a blog titled “Logistics in the times of COVID 2020” that they were able to set up new operational practices and re-purpose their core technology strengths in the pandemic rapidly, helping them to completely refashion the way they ran their business and took their clients, old and new, along, in this journey of navigating a very fluid and unpredictable ground reality.
Zomato is an Indian multinational food delivery company founded by Deepinder Goyal in 2008. It is headquartered in Gurgaon, Haryana, India. The CEO and founder of zomato – Deepinder Goyal published the company’s annual report. According to the report, the covid-19 pandemic positively affected the company and accelerated the company’s journey towards profitability. Recently, zomato also rolled out a “priority” feature, this will allow customers to mark This order is related to a Covid-19 emergency option during checkout and such orders will be prepared and delivered on priority and the order will automatically be a contactless delivery.
4) Suparshva swabs (Tulips hygiene):
This family business was started in 1998 and is a manufacturer (under the flagship brand TULIPS) and exporter of Cotton buds, swabs, Specialized Applicators & Swabs, Cotton balls etc. Suparshva became the first Indian company to develop special polyester spun swabs that are used for covid-19 testing. These swabs were earlier imported from China or United States. Suparshva claimed that it can produce 5 million polyester swabs a week for covid-19 testing, with the capacity of meeting the requirements of India on its own.
Policybazaar is an Indian insurance aggregator company founded in June 2008 and based in Gurgaon, India. As covid cases started spiking, policybazaar recorded a 35-40 percent jump in health insurance on its platform and life insurance registered a 20 percent growth during the pandemic. Yashish Dahiya – the CEO of policybazaar reported that the company consolidated revenue of INR 854.7 Cr in FY20, representing a whooping 147% spike from FY19 INR 345.8 Cr.
6) Big Basket:
BigBasket is an Indian online grocery delivery service company that primarily delivers home essentials and food supplies to its customers. BigBasket was founded in 2011 and is headquartered in Bangalore, India. It is owned by the TATA Group (68%). Though, in the early days of the lockdown the company faced downfall but this technology-savvy company rapidly optimized its resources and leveraged its huge infrastructure investment to restart its operations. The company was quick to recover and thus recorded an eighty four percent jump in its new customers as of September 2, 2020.
This was a list of some Indian companies that managed to withstand the pandemic strongly and bravely. These companies were able to turn challenges into opportunities and make their company profitable even during this nation-wide crisis.
Author: Anushri Singh