January 25, 2025, marked a significant milestone for AKAL Information Systems Ltd. as the company proudly celebrated 25 years of delivering impactful technology solutions. From humble beginnings to becoming a trusted leader in the tech industry, AKALs journey has been defined by a commitment to empowering people, communities, and society.

AKAL team celebrates 25 years

The name AKAL, meaning “timeless,” embodies the company’s vision of creating lasting value through innovation and purpose-driven solutions. Since its founding in 2000, AKAL has grown from providing IT infrastructure management and support services to a full-fledged software company offering e-governance solutions, custom software development, and launching TankhaPay, a SaaS-based HR tech platform. Over the years, AKAL has served over 1,000 clients across three countries and has successfully completed more than 5,000 projects. This journey has established AKAL as a trusted partner to government and corporate organizations, reflecting its unwavering dedication to quality and innovation.

AKALs achievements have been recognized with prestigious accolades in the industry, underscoring its commitment to excellence and innovation.

To commemorate this remarkable milestone, AKAL hosted a celebratory event that brought together its employees. The event was a joyous occasion filled with reflections on the company’s journey, heartfelt gratitude, and a sense of pride in all that has been achieved together. Everyone enjoyed the celebrations, making it a truly memorable experience that highlighted the strong bonds built over the years.

AKAL’s success stems from its ability to adapt, innovate, and focus on delivering value-driven solutions. Over the past 25 years, the company has consistently worked on transformative software projects that enhance public service delivery. With the introduction of TankhaPay, AKAL has further expanded its mission of empowering individuals and organizations by simplifying HR and payroll processes. The companys journey reflects a blend of technology, purpose, and a deep commitment to creating meaningful change.

Reflecting on this milestone, Mr. Sarabjit Singh, Managing Director of AKAL, shared, “Completing 25 years is a testament to the trust our clients, employees, and partners have placed in us. The single motivation that drove the inception of AKAL Info and keeps it going all along is to serve the higher good – serving the marginalized Indian society, including 450 million unorganised workers, by using cutting-edge technologies and services. I extend my heartfelt gratitude to our clients, past and present employees, partners, and all those who have been part of our journey. Together, we have achieved remarkable milestones, and I am excited about what the future holds for us as we continue to drive change through technology.”

As AKAL celebrates this milestone, the company remains humbled by its journey and focused on achieving its mission of serving society. AKAL strives to create impactful solutions that address real-world challenges through technology. The next chapter of the company’s journey will see it deepening its expertise and working harder to achieve its goals. AKAL aims to continue unlocking potential and delivering solutions that drive meaningful impact for businesses and communities worldwide.

Looking back on its journey, AKAL is deeply grateful for the trust and support that have fuelled its growth. This anniversary is not just a celebration of the past but a reaffirmation of the company’s commitment to making a difference through technology. Here’s to 25 years of innovation, excellence, and impact – and to many more years of growth and success!

About AKAL Information Systems Ltd.

Established in 2000, AKAL Information Systems Ltd. is a leading software and business services company dedicated to transform Indian Human Resource landscape through technology & Innovation. With a mission to drive societal impact through technology, AKAL has served over 1,000 clients globally, delivering over 5,000 projects across diverse industries.

Fixed deposits (FDs) are a popular investment option due to their predictable returns and stability compared to other market-linked investment products. However, there may be instances when you need immediate liquidity, even before your FD matures. Fortunately, many financial institutions offer loans against fixed deposits.

Loan Against Your FD

A loan against your FD can help you access the required funds quickly, with minimal documentation and typically at competitive interest rates. Therefore, if you do not prefer opting for traditional loans, like a personal loan, or have urgent financial requirements, a loan against your FD can be a great choice.

How Does a Loan Against Fixed Deposit Work

A loan against a fixed deposit allows you to borrow funds using your FD as collateral, without breaking the deposit. Here’s how it typically works:

1. Eligibility and Application: You are most likely to be eligible for a loan against FD if you hold an FD account with a bank or NBFC that offers this facility. You can apply online or at a branch.

2. Loan Amount: The loan amount is usually a percentage of the FDs value, often around 75-90%. The exact limit depends on the institution’s policies and the FD amount.

3. Interest Rate: The interest rate on this loan is generally 1-2% above the FD’s interest rate. This makes it a lower-cost option compared to unsecured loans since your FD acts as collateral.

4. Repayment Tenure: The repayment term often aligns with the FD’s remaining tenure, meaning you must repay the loan before the FD matures. Some institutions offer flexible repayment terms.

5. Zero to Minimal Processing Fee or Penalty for Prepayment: Many banks and NBFCs charge little or no processing fee, and some waive prepayment penalties, making this a convenient loan option if you repay it early.

6. No Impact on FD: Your FD remains intact, continuing to earn interest as usual. You’ll only face consequences on your FD if you default on the loan repayment, in which case the financial institution may liquidate your FD to recover the outstanding amount.

Things to Keep in Mind before Applying for a Loan Against Fixed Deposit

Before you apply for a loan against FD, keep the following points in mind:

• Understand the Terms and Conditions: Carefully review the terms and conditions of the loan, including interest rates, processing fees, and repayment terms.

• Compare Offers: Explore offers from different financial institutions to find the best deal.

• Consider the Impact on Returns: While a loan against FD can provide immediate liquidity, it may impact your overall returns on the FD.

By understanding the nuances of this type of loan, you can make informed decisions and leverage this financial tool to meet your immediate needs without compromising your long-term investment goals.

Why Open Shriram Unnati Fixed Deposit

Shriram Unnati Fixed Deposit is a dependable choice of investment with a range of compelling features and benefits. It is designed to meet the wide spectrum of financial goals and aspirations of investors.

• Compelling Interest Rates: Shriram FD offers an interest rate of up to 9.40%* p.a. (inclusive of 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors), making it a wise choice of investment for people from different demographics.

• Affordable Minimum Investment Amount: Investors can start their journey with Shriram Fixed Deposit with an investment amount as low as ₹5000 increasing in multiples of ₹1000. This makes it accessible to a wide range of investors with different financial profiles.

• High Credit Ratings: Shriram Finance is rated “[ICRA]AA+ (Stable)” by ICRA and “IND AA+/Stable” by India Ratings and Research, making its FD a reliable investment tool in the market.

• Cumulative and Non-Cumulative Schemes: Investors can opt between a cumulative or non-cumulative FD scheme, enabling them to have more control over their payout options. With a non-cumulative scheme, investors can choose from monthly, quarterly, half-yearly and yearly payout options and enjoy a steady flow of income. A cumulative scheme can help investors maximise their returns on maturity.

• Flexible Tenure and Easy Liquidity: Shriram Finance offers a variety of tenure options on Shriram Unnati Fixed Deposit, allowing investors to choose terms that best suit their short-term or long-term financial goals. Investors also enjoy easy liquidity on their FD with a diverse range of payout options.

Conclusion

Opting for a loan against FD is a smart, flexible solution for individuals seeking immediate funds without disrupting their investment portfolio. This form of secured loan is an ideal choice for those who need temporary liquidity while maintaining their savings strategy. With its ease of access and minimal documentation, a loan against FD stands out as a valuable financial tool for both planned and unplanned expenses.

About Shriram Finance
Shriram Finance is a leading diversified financial services company in India, offering a wide range of financial products and services across consumer, wholesale, and business finance segments. The company has a strong presence pan India with a network of 3,149 branches and an employee strength of 77,764 with an AUM of Rs. 2,430,40 crores. With a focus on financial inclusion and customer-centricity, Shriram Finance continues to empower individuals and businesses to achieve their financial goals.

Disclaimer

With regards to deposit-taking activity of Shriram Finance Limited (‘SFL‘), viewers may refer to detailed information and T&C provided in our application form available at www.shriramfinance.in/downloads. The Company is having a valid Certificate of Registration dated 31st January 2023 issued by the Bank under section 45-IA of the RBI Act. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

Somaiya Vidyavihar, a legacy institution rooted in excellence and service since 1942 continues to emphasize the transformative power of education in nurturing individuals who lead with integrity and responsibility. Reflecting this ethos, Alumni Relations Department of the Somaiya group hosted the grand Somaiya All Alumni Meet (SAAM) 2025 on January 18, 2025, in the vibrant campus of Somaiya Vidyavihar University in Mumbai. The alumni meet was graced by the presence of Shri Samir Somaiya, President, Somaiya Vidyavihar, Dr V N Rajsekharan Pillai, Vice Chancellor of Somaiya Vidyavihar University, Lt. Gen. H S Kahlon, Secretary, Somaiya Trusts, Dr. Raghunath Shevgaonkar, Provost, Somaiya Vidyavihar, Ms. Durga Rani Sinha , Director Alumni Relations and other dignitaries from the multitude of educational institutions of the Somaiya group. Over 2500 alumni from across the globe reunited to celebrate shared memories, strengthen connections, and honor Somaiya’s growth and achievements.

SAAM 2025 – Felicitation of Distinguished Alumnus

The event showcased the diversity and scale of Somaiya Vidyavihar’s educational initiatives, spanning a wide array of disciplines and institutions. Under the banner of Somaiya Vidyavihar University (SVU) are institutions such as K. J. Somaiya School of Engineering, K. J. Somaiya Institute of Management, Somaiya School of Design, K J Somaiya Institute of Dharma Studies, and the Maya Somaiya School of Music and Performing Arts. Additionally, other prominent institutions like K. J. Somaiya College of Science and Commerce, K. J. Somaiya College of Arts and Commerce, S K Somaiya College of Arts, Science and Commerce, K J Somaiya Medical College & research Center, K J Somaiya Physiotherapy College, K J Somaiya College of Nursing come under the larger umbrella of Somaiya Vidyavihar. All these institutions and many more reflect the group’s enduring commitment to holistic learning and societal impact. Together, these institutions foster an environment where students and alumni alike continue to thrive.

SAAM 2025 organised by Somaiya Alumni Relations is a pan-Somaiya effort to realise the immense benefit of uniting the efforts of all the alumni groups of all the individual institutes while retaining the individual strengths of each. In this, Somaiya only reflects the spirit of our great nation of Unity in Diversity.

The alumni meet featured performances by legendary Bollywood playback singer Sudesh Bhosle and renowned stand-up comedian Sahil Shah, who captivated the audience with their stellar performances. A special highlight of the event was the felicitation of below listed 13 illustrious alumni, recognized for their exceptional contributions to their respective fields and their commitment to excellence, reflecting the Somaiya ethos of nurturing impactful leaders.

List of Distinguished Alumnus:

• Mr. Sachchidanad Shukla, Group Chief Economist, Larsen & Toubro Ltd. from K J Somaiya College of Arts & Commerce, Batch 1995.

• Dr. G S Rao, Former Director, Symbiosis International University, from K J Somaiya College of Science & Commerce, Batch 1977.

• Ms. Kinnari Kotecha, Founder, Kites Education and Skill Training from K J Somaiya School of Education, Somaiya Vidyavihar University, Batch 2010.

• Mr. Manoj Kotian, Physical Educator, Cathedral and John Connon School, Mumbai, from K J Somaiya College of Arts & Commerce, Batch 1998.

• Mr. Mayank Shukla, Team Lead, Schaeffler from K J Somaiya Institute of Technology, Batch 2013.

• Dr. Rajnikant Gadekar, Doctor (B.H.M.S CCMP) from Somaiya Vidyavihar Mandir – Laxmiwadi, Nashik, Batch 1996.

• Dr. Riddhi Manojkumar Goradia, Assistant Professor in Community Physiotherapy Department, Joint Secretary of KJSCOPT Alumni Association from K J Somaiya College of Physiotherapy, Batch 2015.

• Dr. Pravin R. Patil, Lecturer in Mechanical Engineering, K. J. Somaiya Polytechnic from K. J. Somaiya Polytechnic, Batch 1999.

• Mr. Motichand Ghongde, General Manager, Petro India Pvt. Ltd from K J Somaiya Private Industrial Training Institute, Batch 2006.

• Mr. Apurva Turakhia, Owner, Invictus International from K J Somaiya School of Engineering, Somaiya Vidyavihar University, Batch 2000.

• Mr. Vikram Bhatt, Founder and Director – Growth & Strategy, Enrich Salon from K J Somaiya Institute of Management, Somaiya Vidyavihar University Batch 1997.

• Dr. Abhidha Shah, Associate Professor, Seth G.S. Medical College and K.E.M. Hospital from K J Somaiya Medical College & Research Centre, Batch 1997.

• Mr. Mayur Dhumasia, Assistant Professor in Dept of Accountancy, K C College of Arts, Commerce & Science, Mumbai from S K Somaiya College of Arts, Science & Commerce, Batch 2012.

Addressing the attendees, Shri Samir Somaiya, President of Somaiya Vidyavihar, stated, “Our alumni are the heart of Somaiya Vidyavihar. Each of you carries forward the values, vision, and spirit of this institution, impacting lives and shaping communities. This reunion is not just about reconnecting; it is a celebration of the shared legacy we continue to build. As we innovate, grow, and extend our reach globally, your achievements remind us of why we do what we do – to create leaders who inspire and bring change.”

Somaiya All Alumni Meet (SAAM) 2025 was a testament to the enduring legacy of Somaiya Vidyavihar, celebrating its transformative impact on generations of learners and its commitment to fostering a connected and supportive alumni community.

For SAAM 2025 link it to the www.alumni.somaiya.edu/e/somaiya-all-alumni-meet-saam-2025.

Malabar Group, a leading Indian business conglomerate and the parent company of Malabar Gold & Diamonds, announced its Educational Scholarships for girl students in Telangana for the 2024-2025 academic year. The announcement was made during an event at The Telangana State IAS Officers Institute in Somajiguda, Hyderabad. This announcement marks a significant milestone in the Groups flagship CSR initiative, the Malabar Scholarship Programme, which underscores its commitment to supporting girls education. The event was inaugurated by Smt. D Anasuya Seethakka Garu, Minister for Panchayat Raj & Rural Development (including Rural Water Supply), Women & Child Welfare, Government of Telangana. The Group’s top leadership, including, Mr Asher O, MD – India Operations – Malabar Group, Mr. Siraj PK, Retail Head – Rest of India – Malabar Gold & Diamonds, Mr. Mohammed Shareej K, Zonal Head, Malabar Gold & Diamonds, Mr. Shanib K, Zonal Head, Malabar Gold & Diamonds were also present at the event along with other management team members of Malabar Gold & Diamonds, customers, well-wishers and students. This year, the scholarship program in India has earmarked a budget of Rs. 16 crore to support the education of over 21,000 girl students. In Telangana, a total of Rs. 3.14 crore has been allocated to assist the education of more than 3,900 girl students across 116 colleges in the state.

Malabar Group Announces Scholarships for Over 3,900 Girl Students, Reinforces its Vision for Women Empowerment

Speaking about the initiative, MP Ahammed, Chairman of Malabar Group, said, “Education is the most powerful tool to change the world. Our scholarship programme is a direct reflection of Malabar Group’s deep-rooted belief that education unlocks opportunities and transforms lives. We are committed to removing barriers for young girls so they can fulfil their educational aspirations and contribute meaningfully to society.”

Since its inception, Malabar Group has demonstrated a strong commitment to inclusive growth through its social welfare activities. In 1999, the Malabar Charitable Trust (MCT) was created to structure and expand these efforts. The group allocates 5% of its profits to CSR initiatives, which span education, healthcare, environmental sustainability, and poverty alleviation, focusing on empowering marginalized communities.

The Malabar National Scholarship Programme, launched in 2007, is a flagship initiative under its CSR framework. To date, over Rs. 60 crore has been contributed to support the programme, providing financial aid to more than 95,000 girl students across India & over Rs. 13.74 crore has been contributed to the support of more than 22,400 girl students in Telangana State. By focusing on girls education, Malabar Group aims to uplift not just individuals but entire communities, ensuring future generations are equipped with the tools for social and economic progress.

In addition to the scholarship programme, the Malabar Groups Hunger-Free World Project provides nutritious meals to the underprivileged across the country. Supported by a strong network of volunteers and partnerships with local NGOs, the initiative is committed to eradicating hunger and ensuring food security for all. Currently, over 60,000 food packets are distributed daily in 81 cities across 17 states in India. Additionally, 10,000 food packets are provided every day to school students in Zambia. Malabar Group aims to scale the project to serve 100,000 people daily at 200 centres. The Hunger-Free World Project is being implemented in collaboration with Thanal, a voluntary organisation, which is active in social service.

The Malabar Group has also launched the Grandma Home project, which provides free, fully equipped accommodation for destitute women, offering them protection and care. Currently, homes are operational in Hyderabad and Bengaluru, with plans to expand to major cities in Kerala, as well as Chennai, Kolkata, Delhi, and Mumbai.

We have also established 581 micro-learning centers across 12 states, dedicated to educating dropout students. To date, we have supported over 25,800 students. The Group’s CSR initiatives aimed at uplifting marginalized communities include medical aid for the underprivileged, support for housing construction, and financial assistance for the marriages of women in need. To date, the Malabar Group has invested over Rs. 282.29 crore in various social responsibility projects, reflecting its commitment to sustainable development.

Malabar Groups continued focus on impactful initiatives such as education and hunger relief exemplifies the companys belief that sustainable growth is only possible when communities are empowered and supported in every way possible. This dedication will remain at the heart of all future endeavours as the Group continues to expand both its business and social responsibilities.

Malabar Charitable Trust (MCT) founded in the year 1999 is the CSR wing of Malabar Group of Companies. The group allocates up to 5% of its profits towards CSR and philanthropic initiatives. MCT activities have been channelised through the Malabar Gold & Diamonds (MGD) Showrooms, the flagship company of Malabar Group, across the country and also with operational support from grassroots organisations working in local communities.

World University of Design (WUD), India’s first university dedicated to education in the creative domain, in collaboration with the Textile & Fiber Engineering Department of IIT Delhi, hosted the 4th edition of International Conference on Functional Textiles and Clothing (FTC 2025) at IIT Delhi, New Delhi. The event also featured for the first time a Functional Clothing contest and Fashion Show, where participants from various universities in India & abroad, besides students of the World University of Design, showcased their creativity, innovation ability and skills. The contest was judged by an independent jury comprising of three top fashion professionals – Payal Jain, Ruchi Tripathi and Sartaj Mehta.

Dr. Sanjay Gupta, Vice-Chancellor of World University of Design with the jury members and the winners of functional fashion show

The 4th Functional Textile and Clothing Conference organized together with IIT Delhi was the most successful yet, with 342 walk-ins over the three most-packed days, from 45 Indian and 10 International Universities, 109 oral presentations in 15 sessions, 40 poster presentations, 3 plenary sessions with 9 keynote addresses, 27 Functional Clothing Contestants, one Fashion Show, 4 Global FTC Excellence Awardees, and a Trailblazers session with 3 first-generation FTC entrepreneurs sharing their experiences, giving unlimited networking opportunities.

12 WUD faculty presented papers, 4 chaired sessions, and WUD student teams won all the 3 prizes of the clothing contest. The first-place prize was awarded to Manya Goel, Mehek Maheswari, and Anjani for their innovative designs. The second position was claimed by Palak Kamboj, Jailakshmi, and Nishita, while Gauri Hans and Rupanshi Singh secured the third position. Global FTC Excellence Awards 2025 were presented across several categories. Yogesh Kusumgar, Chairman of Kusumgar Corporates in Mumbai, was honored with the Lifetime Achievement award. Tushar Ghosh, Distinguished Professor at Wilson College of Textiles, NCSU, USA, received the Leadership in Research award. Ashish Kansal, CEO of SMPP Industries in Delhi, was recognized for his Industry Impact, while Samrat Som, Creative Strategist and former Head of the Creative Studio at Royal Enfield, Eicher Motors Ltd., was honored as the Emerging Innovator.

Prof (Dr.) Sanjay Gupta, Co-Chair of the organizing industry and Vice Chancellor of World University of Design, said, ” The textile industry stands as a vibrant testament to human ingenuity, seamlessly weaving together scientific innovation and technical mastery while serving as a cornerstone of Indias economic strength. The governments enhanced 5F Framework-from Farm to Fibre to Factory to Fashion to Foreign-has revolutionized our approach to Make in India, particularly in the crucial factory-to-fashion transition. Whats particularly exciting is how were moving beyond pure aesthetics to embrace functionality as a core value driver across the entire supply chain. Through this remarkable collaboration with IIT Delhi, weve created not just a conference, but a dynamic ecosystem where designers and researchers can cross-pollinate ideas with industry veterans. This synergy is precisely whats needed to propel Indias textile sector into its next phase of innovation and global leadership. At WUD, were proud to facilitate these vital exchanges that will shape tomorrows textile landscape.”

Held biannually at IIT Delhi this conference brings together top scientists, researchers, designers, and professionals from the textile and apparel industries. The conference facilitates discussions on the latest scientific advancements, design innovations, cutting-edge technologies, emerging trends, challenges, and opportunities in the field of Functional Textiles and Clothing.

Inflow Technologies, a leading distributor of technology products and solutions, is excited to announce a strategic partnership with Ensurity, a renowned provider of innovative cyber security technology. This collaboration appoints Inflow Technologies as Ensurity’s value-added distributor for India.

Inflow Technologies X Ensurity Strategic Partnership

This partnership will leverage Inflow Technologies’ extensive channel network and market expertise to bring Ensurity’s cutting-edge cyber security solutions to a broader audience. Businesses across India will now have access to enhanced security measures, ensuring seamless protection and empowering them to excel in today’s digital era.

At Ensurity we have been solving enterprise human identity security for a decade. AI adoption by enterprises is multi-dimensional applications, workloads, chat bots at scale. We at Ensurity are getting ready for Identity to be central to all these to mitigate against Identity vector cyber-attacks.

We are very excited to partner with Inflow Technologies to help evangelize the solutions in the market with their expertise in channel enablement- Amit Mathur, COO, Ensurity.

Rajesh Kumar, Sr. Vice President of Inflow Technologies, states – “Partnering with Ensurity allows us to offer our customers the latest in cyber security technology. This collaboration aligns with our mission to provide top-notch IT solutions that meet the evolving needs of businesses in the region.”

Founded in 2005, Inflow Technologies is a leading Value Added Distributor in the ICT distribution services industry focused on niche technologies in Networking, Cyber Security, Unified Communications and Collaboration, AIDC, Surveillance, Server & Storage related Products & Services. Headquartered in Bangalore, Inflow operates across 50+ locations in India & Rest of South Asia (RoSA), enabling resellers to design, deploy and adopt IT Infrastructure solutions to facilitate their customer needs. This initiative, supported by a strong technical team of 150+ certified resources, assists channel partners throughout their sales cycle. Inflow has an annual run-rate revenue of USD 700+ Million.

Learn More: www.inflowtechnologies.com