Category Archives: WZCC

WZCC – A BRIGHT STAR IN THE SERVICE OF OUR COMMUNITY

It was in the last month of the 20th Century – December 2000 just before the onset of the 3rd millennium that a bright spark gave birth to a noble and Global Organisation called WORLD ZARATHUSHTI CHAMBER OF COMMERCE (WZCC). This shining star has been in existence since the last nineteen & a half year and has been performing successfully in the service of our Community.

It is gratifying to note that our worthy predecessors selflessly devoted their time, energy and money for the benefit of our Community at large. They gave us on a silver platter Housing, Educational Institutions, Medical facilities and many more facets of life, that too in abundance. Moreover Industrialists like Tata, Godrej, Wadia and many others provided the Community a honest means of livelihood for times immemorial.  We proudly salute them for their spirit of dedication and commitment.

However, besides these worthy benefactors there have been well accomplished individuals who have contributed towards making our Community vibrant and achieve economic prosperity. We therefore cannot thank enough the Global -Founder President of WZCC  – Mr Rohinton Rivetna, who is now Global President Emeritus. He with his foresight & along with his equally accomplished team established this Organisation. He laid a very distinguished and firm foundation so as to keep the spirit of Entrepreneurship/ Professionalism active and achieving milestones as time goes by.

The “Preamble” of WZCC world body quoted below gives an insight for all to understand the essence with which it was conceived.

“COMMERCE AND BUSINESS ENTREPRISE ARE MAJOR INSTITUTIONS OF HUMANKIND. PROFESSIONALISM, ENTREPRENEURSHIP, COMMERCE & BUSINESS ENTERPRISE FOUNDED ON PRINCIPLES OF GOODNESS, HONESTY, CHARITY HAVE BEEN ZARATHUSHTI HALLMARK RECOGNIZED THROUGHOUT THE WORLD. THE INTERMINGLING OF ZARATHUSHTI HISTORY AND COMMERCE DURING THE PAST TWO CENTURIES IS A CONSTANT REMINDER THAT AN ESSENTIAL INGREDENT OF PROSPERITY OF THE ZARATHUSHTI COMMUNITY ARE ITS PROFESSIONAL ETHICS AND ENTREPRENEURAL ACHIEVEMENTS.

WORLD ZARATHUSHTI CHAMBER OF COMMERCE WAS THUS ESTABLISHED TO KEEP ALIVE THE SPIRIT OF ZARATHUSHTI ENTREPRENEURSHIP AND PROFESSIONALISM. ITS MAIN OBJECTIVE IS TO ENCOURAGE AND FACILITATE TRADE AND COMMERCE, PROVIDE A LINKAGE BETWEEN ZARATHUSHTI PROFESSIONALS, ENTREPRENEURS AND FINANCIERS AND BE THE CATALYST, SO THAT THE ZARATHUSHTI COMMUNITY MAY REMAIN VIBRANT FOR CONTINUING ECONOMIC PROSPERITY, BY THE GRACE OF AHURA MAZDA.”

It is heartening to note that the above mentioned Preamble has been continuously followed with the same zeal and sincerity of purpose which was ingrained since it was formulated years ago. Here again we need to express our gratitude to one more extremely well accomplished individual who is none other than Mr Minoo R. Shroff who was also the Global President of WZCC and is now Global President –Emeritus. He is the individual who raised this Organisation to greater heights in all the spheres of its activities. In his tenure, the Global Community became increasingly aware of WZCC and its achievements.

Over the years excellent individuals have given their might for the growth of this Chamber of Commerce – the only Chamber effectively existing in our Community. Even now all the concerned officials have effectively contributed so as to enhance the basic essence so aptly stated in the Preamble.

ACTIVITIES OF WZCC

This Global Organisation has a very wide spectrum of activities spanning across all the relevant aspects of Trade, Commerce & Industry, Entrepreneurship & Professionalism. All these activities are enumerated below :

  1. Chapters across the World organize Events covering Trade, Business, Commerce, Industry, Entrepreneurship and Professionalism.

 

  1. Entrepreneur Development Programmes.
  2. Training Programs for Entrepreneurs and Professionals.
  3. Business Plan Contests
  4. Annual Regional Meetings.
  5. Annual Global Meetings in India and Abroad.
  6. Honouring Outstanding Entrepreneurs / Professionals through Annual Awards
  7. Establishment of “WE” – Women Entrepreneur Wing _ Organizing Events for their special needs.
  8. Establishment of “YOUTH” wing.
  9. Formation of Business Advisory Committee.
  10. Extending financial support to promising small and medium size business Enterprises / Professionals for Start-Ups and business growth – in collaboration with WZOTF (World Zoroastrian Organization Trust Fund).
  11. Creation of Zoroastrian Faculty Network with focus on students going abroad for further studies.
  12. Talks / Lectures by Celebrities / Leaders from well-known Business Houses and others like TATA, GODREJ, CITIBANK, STANDARD CHARTERED BANK, EX-SHERIFF OF MUMBAI, Lord Karan Billimoria, Lord Meghnad Desai and Senior Consulate Staff of various countries, together with world renowned scientists.
  13. Talks on Leadership / Discipline by Ex-Senior Defense Officials of our Country.
  14. Events covering Health Issues by eminent individuals.
  15. Speeches by Social Entrepreneurs.
  16. SynergyZ a crown jewel of WZCC in terms of Annual exclusive business journal having articles by Leading, Successful, Experienced Entrepreneurs / Professionals.
  17. Publication of Book on “Management”.
  18. Organizing “Zoroastrian Shark Tank” Event for Promising Business Youth.
  19. Members of IMC Chamber of Commerce and Industry
  20. Events to provide Networking for mutual benefit.
  21. MOU with Goa Chamber of Commerce and Industry.
  22. Field visits to gain practical perception.
  23. “Coffee with WZCC” is an effective mode of Communication – particularly amongst Youth.
  24. E-Blasts connect people worldwide.
  25. WZCC along with Fezana has formed “Zarathushti Entrepreneurship Development Foundation” – a new independent entity to enable Funding of Entrepreneurs in North America.

The aforesaid scenario indicates sufficiently the value that one could derive from such an ever active, vibrant and robust Chamber Of Commerce.

Any member of this Chamber can therefore have a very broad perception and gain immense knowledge, expertise, business contacts, networking which will ultimately result in actual increase in the quantum of his/her business growth, volume of customer base, which will ultimately result in improving the bottom-line – namely profits.

However, one should of course note that he/she has to take initiative and make efforts to grow & prosper. All the concerned officials, past & present, have given their sweat & blood and have personally contributed their time, energy and financial resources for the growth of this useful & prestigious Organisation. The members therefore can contribute further and in turn receive benefits out of their membership. In fact several members in the past have gratefully acknowledged the assistance they have received in various forms from this world body.

Coming to the most recent Global scenario, it is now an established fact that the Corona Virus will have a big adverse impact to all job seekers in the Corporate world. This has been well recognised and accepted by Industrialists across the Globe. It is therefore the right time for individuals to shift to the world of Entrepreneurship and become masters of their own. Opportunities are galore and will continue to grow. WZCC will therefore be an excellent entity to create successful Entrepreneurs and Professionals. In times of crises, like what we have been experiencing the world over, almost all business entities will certainly go for cost-cutting, will reduce their manpower and various overheads. They will have to, by force, think of innovative approaches to improve the quality of their products, supply chain, marketing network and add values keeping ultimately customers’ interest in mind. Unless this is done they will cease to exist.

WZCC, therefore, will welcome with open arms individuals of our Community, to become its Member, and those who are genuinely interested in expanding their horizon and become successful Entrepreneurs and Professionals. The present team of dedicated officials in India as well as in various Chapters abroad are well qualified, very well experienced and successful to guide and hand-hold its Members and lead them to their final GOAL which is “SUCCESS’.

WWW.WZCC.ORG

 

BY ADI B SIGANPORIA – GLOBAL CORPORATE SECRETARY – WZCC

WZCC Employment Status Survey

The following is a “Short 2 minutes Survey” by WZCC, for the collecting the basic current status of Zoroastrians employed across India.  Please note this is a simple “Quantitative Survey” to assess the data of Parsis/Iranis/Zoroastrians who are either employed or unemployed and looking for a job. This is a WZCC Initiative – World Zarathushti Chamber of Commerce. Kindly please note, we presently are not providing any jobs. This survey is done to collect the numerical data to provide better support to the Zoroastrian Community.

Post the Survey, we shall assess and initiate the latter as per the demand. Further, if you are keen to apply or looking for a job, please mention below the details and your details on which we can effectively communicate at a later date.  “Kindly please note we are not providing any jobs at this point”

Click Here to take the survey

 

 

For queries : Wzcc.youth@gmail.com

WZCC – Outstanding Zarathushti Awards

2019 WZCC RECOGNIZES – THE BEST OF THE BEST 

We are a small community of very talented and successful individuals.

WZCC recognizes the best in the following categories:

* Outstanding Young Entrepreneur/Professional
* Outstanding Entrepreneur
* Outstanding Professional
* Outstanding Social Entrepreneur

Please help us to identify and recognize these outstanding individuals by nominating them.

Nomination package with instructions available on www.wzcc.org 

Completed nominations must be received by July 26, 2019.  
  Edul Daver – WZCC Global President 
eduldaver@gmail.com 

WZCC Zoroastrian Shark Tank 2019

Are you a young entrepreneur? 
If yes, are you looking to get that extra capital to catapult your business into success?
Apply now to the first ever WZCC Zoroastrian Shark Tank 2019 held at
the 7th World Zoroastrian Youth Conference in Los Angeles, July 2019.

Fill in the application form here : https://goo.gl/forms/4iX3XcbB5PXrjB622
[Please upload relevant documents through the above form]

Stand a chance to pitch your idea in front of a panel of investors in Los Angeles in July!
Don’t let this opportunity slide!

Jehaan Kotwal – WZCC International Youth Director

Parsis offer interest-free loans, flexi pay options to its young entrepreneurs

A year ago, Parsi community came together to encourage young entrepreneurs and new start-ups and founded a programme to help deserving candidates with interest-free loans and a flexible payment schedule.
The India chapter of the World Zarathushti Chamber of Commerce (WZCC) tapped high net-worth individuals from the community and founded the scheme that already has three
They will have the option to repay the interest-free loan within a span of five years depending on their business model.
“The entrepreneurship scheme is a joint attempt of WZCC and World Zoroastrian Organisation (WZO) Trust Fund. As a community, we have never believed in asking for reservations or quota. So, this is our way to encourage youngsters to be enterprising, and contribute meaningfully to the community as well as the country,” WZCC India president Captain Percy Master told Mirror.
Before being selected, the interested entrepreneurs had to go through a rigorous three-stage process spanning five months, which included their businesses being scrutinised minutely and personal interviews with the business advisory committee.
The committee comprised ten industry leaders from the Parsi community in various fields.
“Our emphasis was to select businesses that are most likely to survive among the challenges of the modern world,” said Captain Master.

Read more at:
https://mumbaimirror.indiatimes.com/mumbai/other/parsis-offer-interest-free-loans-flexi-pay-options-to-its-young-entrepreneurs/articleshow/67632694.cms

Support a UK Zoroastrian entrepreneur build the next Tata-size empire

Ruzbeh Bacha

We, Zoroastrians, even though small in numbers, have taken risks as entrepreneurs, built empires through hard work and commitment and have had a big positive impact on humanity.  While the Tatas, Godrej, and others redefined sectors such as manufacturing and real estate, the next generation of Zoroastrian entrepreneurs are likely to leverage technology and of course artificial intelligence to build successful businesses.

Ruzbeh Bacha who was born and brought in Mumbai and has been in the UK for a decade launched his tech startup CityFALCON from his bedroom back in 2014.  The company is now one of the reputed startups in the UK and even globally..  They serve clients including the French bank BNP Paribas, Austrian bank Raiffeisen Bank, and US stock exchange IEX.  They are also close to signing up a major bank in Asia. Their content partners include Bloomberg, Twitter and other reputed names.  The team has grown to 30, and they have raised £1.1m in funding till date.

Startup media typically portrays all the successes including big fund raises and fails to highlight the challenges that startups face.  Supporting contracts from major banks and institutions require upfront capital investment and also has high maintenance costs. Raising capital as a first-time young entrepreneur with a limited network is tough. The company is now raising their next round of funds to scale the business up by hiring more people and leveraging some of the newer technologies.  

One of the most significant impacts on their business has been from Brexit.  Most non-UK investors are reluctant to support UK businesses due to the political uncertainties and the volatility of the pound.

How can you support?

If you are interested and can take risks involved, you could support them by investing anything from £15 here to become equity shareholders in the company.  You can read more about the business and investment terms on the site. This is NOT a donation, and if the company succeeds, it could provide good returns. Note that your capital is at risk as less than 10% of the startups succeed, and even if they do succeed, the money may be locked-in for at least 5 years.  There is usually no dividend or interest paid.  Please only invest money that you can afford to lose.

For UK tax residents, HMRC provides significant tax breaks and incentives for investing in startups under the EIS scheme. Subject to your tax situation, you could claim 30% of your investment back as tax rebate and can set off any losses if the company goes bankrupt against your taxable income. Please consult with your financial or tax advisor before investing.

Zoroastrians (excluding Ruzbeh) already own c. 4% of the company, and Ruzbeh owns around 59%.  Several younger Zoroastrians in the same age group as Ruzbeh have also invested in the previous rounds.

If you have any questions, reach out to Ruzbeh atruzbeh@cityfalcon.com or 07827830663

Let’s keep the Zoroastrian entrepreneurship flame keep shining bright!

Kind regards 

Shernaz Engineer

Chair WZCC – UK

Lord Karan F Bilimoria: How I turned Cobra Beer into a Global Brand: Harvard Business Review November 2018

Please see the attached copy of an informative and inspiring article in the Harvard Business Review, November 2018 issue, by our patron Lord Karan F Bilimoria CBE DL titled; ‘How I did it: Cobra’s Chairman on turning an Indian Beer into a Global Brand’. 

Yours sincerely Malcolm M DebooPresident – ZTFE

WZCC-WE Program on Sat.15-09-2018

Dear All,

Join us for a very special evening filled with fun and interactions with “Mrs India She is India” Winners at an Interactive Workshop for Women Organized by ‘WE’ – Women Entrepreneurs’ Wing of WZCC.

Here’s your chance to learn how to make it big in the world of Business, Fashion and Glamour and yet be a Socially Responsible Citizen.

Spend time with Delnaz & Neha and get to know them and their views on Independent Women.

Limited seats available for this event so call right now to register!

Date: Saturday 15th September, 2018

Time: 5:00 p.m. to 8:00 p.m.

Venue: YWCA, 18 Madam Cama Road, Fort, Mumbai – 400001.

Participation fee inclusive of tea and snacks is :

Rs. 350 /- for WZCC/WE Members and Rs. 400 /- for Non-Members

 

RSVP: Ms. Zarine Khan       wzccindia@on-lyne.com       022-23532522 / 96191 65444

Ms. Homai Mehta                  jjccmumbai@gmail.com                   98208 26367

Ms. Behroze Daruwalla        behroze@frenaus.com                      96192 01951

 

 

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