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Maximl bags Rs 7.33 crore two-year deal from Indian Oil Corporation for maintenance of all its nine refineries

11:21 PM Jun 17, 2021 | PTI

IT firm Maximl on Thursday said it has bagged a two-year deal worth Rs 7.33 crore from Indian Oil Corporation to digitalise last-mile operations across all its nine refineries for turnaround maintenance.

The platform has previously configured the needs of IOCL across two deployments at Panipat and Haldia refineries.

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"In the next few years, the saturating productivity, quality and safety metrics can be pushed significantly by digitalising the last mile and integrating the on-field workforce with technology. Turnarounds are very complex and always tends to go over schedule," Maximl chief operating officer Manish Arora said in a statement.

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The connected worker platform for turnarounds by Maximl has pioneered digital turnarounds in India and has digitised over 50 turnarounds in the Indian refining sector.

Maximl said the platform helps refineries unlock the potential for productivity improvements of the large frontline workforce by more than 5 per cent and reduce risk of safety incidents and delays that can lead to cost-saving in a turnaround by averting delays arising out of rework, improved decision making based on real-time data and quicker sign-offs during startups.

"The company plans to execute almost 70 per cent of all turnaround digitalisation in the Indian refining sector in this financial year," the statement said.

Betterplace Safety Solutions claims to be the country's largest and the world's sixth-largest tech platform for blue-collar workforce management.

According to the latest CMIE report, the country lost as much as 25.3 million jobs since January -- 2.5 million in February, 0.1 million in March, 7.4 million in April and 15.3 million in May -- taking the unemployment rate to 11.9 per cent in May.

The 30-day moving average unemployment rate as of June 6 was 13 per cent and the labour participation rate that had fallen to 40 per cent has declined further to 39.7 per cent as of June 6. Last year, the job losses were reportedly at a whopping 75 million, as per the report.

According to the Jungle Ventures and Unitus Ventures-backed Betterplace, which has already onboarded over 20 million on its platform since its inception in 2015, there are over 450 million blue-collar workers in the country.

Bengaluru-based Betterplace, also backed by 3one4 Capital and Venture Highway, supplies blue-collar workers to large companies like Amazon, Flipkart, Ola, Dunzo, Swiggy, L&T, Flipkart, JBM Auto, Randstad, Sodexo, LIC, Accenture, among 1,000 other companies.

Pravin Agarwala, co-founder and chief executive of Betterplace, told PTI that while they have on-boarded 1.15 lakh workers each in April and May this year, the demand for jobs reached a whopping 14.2 lakh in May across the country.

Of the 14.2 lakh demand, 2.6 lakh came for sales executives, 1.6 lakh for delivery boys, over 88,000 for retail sales executives and over 45,000 for basic emergency medical technicians, among others.

Agarwala said the company, with an annual revenue run rate of around Rs 90 crore, will offer its services in more languages. Currently, its services are available in eight languages -- Hindi, English, all the four Southern languages, Bengali, and Marathi and will soon offer in Oriya and Assamese too.

As part of its service, Betterplace also gives on-boarded credit facility and insurance cover.

Agarwala further said the firm will be entering Indonesia and the Philippines in the first quarter of 2022.

On asked about profitability, he said they have been profitable by gross margin based on unit economics, but not net profitable as they are still in the investment phase.

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