FERVOUR. TECHNOLOGIES. https://fervourtechnologies.com | info@fervourtechnologies.com.
ABOUT THE COMPANY. Solutions Simplified. Fervour Technologies got incorporated in 2019 as a private limited company in India. The company is into providing e-learning modules and technology solutions for banks, insurance and NBFCs. The e-learning solutions are end to end. The offering includes designing and developing technology platform for hosting the digital content. The content is offered in various forms like interactive videos, podcasts, assessment modules and online certification. For financial sector, our product offering addresses those aspects where the market requirement is high with no service providers..
VISION AND MISSION. Solutions Simplified. VISION Our vision is to be the market leader in providing asynchronous training modules and simplified technology solutions for operating staff across industries.
THE PROMOTER. Seasoned professional with experience in technology, banking, training and management consulting. Developed software for Bokaro Steel Plant and for Cement Corporation of India - Successfully implemented core banking solutions (CBS) at four banks on different technologies – Received award from Asian Banker for technology implementation – He has been a coach for Hindustan Petroleum, L&T Infra, Indian Railways and Hindustan Beverages..
THE TEAM. Arjun Bhaskaran - Director (Strategy & Technology) A postgraduate in financial management from JBIMS, Arjun worked at HPCL, Axis Bank, UTI Securities, Medi Assist, Tata Business Support Services and TTK Health Care. He will be joining the board in the first quarter of this financial year. subtitle.
PEOPLE PLAN. Arjun Bhaskaran - Director (Strategy & Technology) A postgraduate in financial management from JBIMS, Arjun worked at HPCL, Axis Bank, UTI Securities, Medi Assist, Tata Business Support Services and TTK Health Care. He will be joining the board in the first quarter of this financial year. subtitle.
MARKET SEGMENT SERVED. Solutions Simplified. 01 Pharma.
For audit and inspection at banks, insurance and other financial institutions. Serves the needs of cooperative banks where the market potential is huge. INSPECT-ION A ready reference portal where employees get understanding of laid down processes by merely inputting some keywords. ASK GENIE A tool that helps management committees of banks and other financial institutions, analyze and adjudicate staff disciplinary matters. Data analytics is an integral part. SARAS We build both the LMS (Learning Management System) and the digital content for corporates and educational institutions. The content is built as per SCORM and TIN standards. DIGI-LIB.
MARKET RESEARCH. Solutions Simplified. Global e-learning market is is expected to reach $336.98 billion by 2026 growing at at CAGR of 9.1% during 2018 to 2026. The Asia-Pacific e-learning market will grow by 13.7% annually with a total addressable market cap of $716.5 billion over 2020-26 driven by the surging need for remote teaching and online learning amid the Covid 19 pandemic. Middle East online education market is expected to expand at a CAGR of 9.8% during the forecast period 2017-2023. The market growth is likely to be driven by the huge government investment and rapid adoption of online education and e-learning by educational institutes and corporate organizations. The online education market in India was valued at $520 million in 2018 and is expected to reach $ 4.8 billion by 2024, expanding at a CAGR of 43.85% approximately during the 2019-2024 period..
MARKET OPPORTUNITY. Solutions Simplified. A lac of cooperative banks in India is a huge market for our products, Inspect-Ion, SARAS and Ask Genie. Assuming we picking up a 0.10 per cent market in the first year, it will be a Rs. 3 crore business (with an average ticket size of Rs.3,00,000) per customer. These products are a requirement for public and private sector banks too in India. There are 12 public sector banks and 20 + private sector banks in India. Assuming we sell 2 products to 5 banks (out of 30), we will do a business of rupees one crore in 2022-23. Here the ticket size is minimum Rs.10 lacs per sale. The Digi Lib is the requirement of not only banks. The product is in high demand from banks, educational institutions, technology companies and core sectors like pharma. The product has both domestic and overseas market. The pricing depends on the content output. The global pricing is at USD 4,500 per one hour of content. While the opportunity is huge, we target to achieve a Rs. 2 crore business in 2022-23..
THE COMPETITION. Solutions Simplified. Allencom is in the industry for 40 years. EI Designs, Sweet Rush, Commlab India are in the industry for around 20 years. 5 Vidya and ELK Education from India are a few names in recent times. Most of the companies in the e-learning domain provide either the content or the container (the platform). We are uniquely positioned to provide a holistic solution. The competition for Inspect-Ion product is from Auditime , Myaudit and a few other companies. They have the first mover advantage. We see the cooperative banks as our domain where the competition is low. We will play through our pricing models. There is no standard software to compete with our SARAS. Ask Genie is purely our innovation and here too, there is no competition..
SWOT ANALYSIS. Solutions Simplified. S. W. O. T. WEAKNESS.
Thank You. Krishna VRSG. + 91 77699 70101. info@fervourtechnologies.com.