Latest news with #NirmitParikh
Entrepreneur
6 days ago
- Business
- Entrepreneur
Sectors Witnessing Explosive AI Growth in India
India's AI market is booming from recruitment and finance to multilingual agents, collaborative innovation is fuelling the next wave of sectoral growth Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India is witnessing an all-time high boom in its artificial intelligence (AI) market. In just two years, the Indian AI market is expected to more than triple in value to USD 17 billion, according to the Boston Consulting Group's report India's AI Leap: BCG Perspective on Emerging Challengers. So where is the real AI traction happening? According to Nirmit Parikh, Co-founder and CEO of "We're seeing major growth in AI-driven recruitment platforms and virtual assistants. The AI recruitment market in India was valued at USD 661.56 million in 2023 and is projected to reach USD 1,119.80 million by 2030, growing at a CAGR of 6.8 per cent. Meanwhile, the conversational AI market generated USD 288 million in 2023 and is expected to expand at a 25.1 per cent CAGR through 2030." On the other hand, AI in financial services is no longer just a proof-of-concept game. The Indian BFSI sector is projected to grow AI investments at a CAGR of over 33 per cent till 2030. "What excites me most is the evolving collaboration model. Over 65 per cent of Indian corporates are now co-developing AI solutions with startups. It's not about outsourcing innovation anymore; it's about co-authoring the future," explains Rishi Verma, Head – Artificial Intelligence, Centre of Excellence (AI-COE) at FSS. Verma predicts that the next decade will be defined by "collaborative intelligence," where startup agility meets enterprise scale. Meanwhile, Gaurav Kachhawa, Chief Product Officer at Gupshup, highlights a surge in adoption across fintech, retail, D2C, and CPG sectors. "In e-commerce, AI is enhancing post-purchase experiences like order tracking and returns, which are critical for retention. In real estate, AI qualifies leads, automates discovery, and schedules appointments, freeing up sales bandwidth. Even in auto, our Petromin AI Agent helps users during emergencies like a car breakdown via WhatsApp," says Kachhawa. AI is now being used not just to talk to customers, but to listen, predict, and personalise at scale. What about Agentic AI? Akhil Gupta, Co-founder & CPTO at NoBroker, says the biggest growth is being seen in agentic AI. "There's rapid growth in AI-powered customer experience automation. Businesses are expecting intelligent, multilingual systems that can respond naturally, solve queries, and even anticipate intent. This is especially visible in sectors like finance, healthcare, and e-commerce," says Gupta. The demand for vernacular and voice-first AI is also accelerating. Gupta adds, "As digital adoption deepens, enterprises want AI agents that can engage users in their preferred languages. This isn't just about access, but experience." Shailesh Dhuri, Co-founder and CEO of Decimal Point Analytics, explains that India's digital infrastructure is creating a powerful foundation for AI tailored to local languages. With 880 million smartphone users, widespread Aadhaar adoption, seamless digital payments through UPI, and language support via Bhashini APIs, the country is building what he calls a "self-feeding loop" for Indic-language AI—an ecosystem where technology, identity, and language come together to enable scalable and inclusive AI innovation. He notes that ONDC alone aims to capture 25 per cent of digital commerce by 2025, and every kirana store onboarded will require multilingual cataloguing, voice search, and chatbots. A new wave of startups like Sarvam AI is building lightweight, multilingual LLMs tailored to India's GPU constraints. "Think of it as 'BharatGPT inside every app', where linguistic complexity becomes India's moat, not a limitation," says Dhuri. But for this story to scale, two things must align: capital and courage. Because the future of AI in India won't be built in isolation, it will be co-authored.
The Hindu
13-06-2025
- Business
- The Hindu
Apna.co unveils AI interview tool for job seekers
a jobs platform, has launched AI Job Prep — a new AI-powered interview preparation tool designed to address the preparation gap in the country's job market. 'Over 7.6 lakh AI interviews have been completed on Apna's platform, across over 900 cities and towns, logging more than 39 lakh minutes of interviews — signalling a growing demand for smarter, tech-enabled ways of interview preparation,' the firm said. 'The tool offers realistic interview simulations, instant performance feedback, and personalized improvement tips to help candidates build interview confidence,' it said. Early data from AI Job Prep tool reveals adoption across roles, regions, and demographics. 'Adoption was highest in metro cities like Delhi, Mumbai, Bengaluru, Hyderabad, and Chennai — accounting for 44% of total interviews,' the firm said. 'Also non-metros such as Jaipur, Lucknow, and Patna showed strong and growing momentum, reflecting rising digital fluency beyond urban centers,' it added. Nirmit Parikh, Founder & CEO, said, 'AI Job Prep is our answer to the confidence gap that quietly stalls millions of careers. We have turned a nerve-racking interview into a safe, intelligent rehearsal—one that knows the company you are aiming for, knows your profile, speaks your language, and improves with every exchange.' 'Think of an actual interviewer looking at your profile for a particular role - taking your interview,' he added. 'When world-class preparation becomes a right instead of a privilege, talent stops holding its breath and starts realising its full potential,' he said. Karna Chokshi, COO, said, 'AI Job Prep is powered by Apna's Proprietary Agentic AI platform—a self-improving stack that fuses large-language reasoning, accent-adaptive speech tech, and a live graph of thousands of Indian employers. In seconds, it ingests a resume, maps it to the exact role and company, and orchestrates a back-and-forth dialogue with smart turn detection.'
NDTV
23-05-2025
- Business
- NDTV
Only 32% Of Job Seekers Consider Themselves Prepared For Interviews: Report
Mumbai: A large number of job seekers attend interviews without preparation and fail to unlock their true potential, said a report on Friday. It said only 32 per cent of job seekers consider themselves prepared for interviews, reflecting their limited confidence while facing hiring managers. "Despite the vast opportunities in the Indian job market - with 3.1 lakh jobs posted on Apna in the first quarter of 2025 alone - many candidates still struggle with confidence and lack of effective interview preparation. "This gap holds back a large number of job seekers from unlocking their true potential and unlocking possibilities," founder and CEO Nirmit Parikh said, quoting the report titled 'Interview Readiness Index 2025'. He said, the future lies in AI-powered tools that offer personalised feedback and real-time interview simulations. The report also underscores that the rising impact of digital tools in boosting interview readiness as job seekers who leveraged online tutorials, mock interviews, or AI-powered platforms reported significantly higher confidence levels (38 per cent) compared to just 24 per cent among those who did not use such resources. As technology continues to transform the job search landscape, digital fluency is rapidly becoming a key driver of interview preparedness and confidence, the report added. "These innovations can bridge the preparation gap, helping candidates build confidence, sharpen their skills, and truly showcase their abilities. Our goal is to empower every Indian to not just prepare better, but to believe in themselves, build confidence, and unlock meaningful career opportunities by becoming truly interview-ready," Parikh added. 'Interview Readiness Index 2025' is based on a survey of over 10,000 respondents across the country. The report has drawn insights from individuals who attended at least one interview in the past year, with 67 per cent experiencing virtual interviews, followed by 61 per cent phone interviews, and 57 per cent in-person rounds. The report further revealed that nearly half (49 per cent) of candidates with over six years of experience feel well-prepared for interviews. Confidence declines among mid-career professionals, with just 34 per cent of those having 3 to 6 years of experience reporting readiness. The level of confidence dips further to 29 per cent among early career professionals with 1 to 3 years of experience, it stated. It also revealed sharp contrasts in confidence level among candidates in different cities. Job seekers in tier I cities lead the way, with 45 per cent saying they feel prepared for interviews, compared to 32 per cent in tier II cities and just 26 per cent in tier III towns, the report said.
Time of India
23-05-2025
- Business
- Time of India
Just one-third of job seekers consider themselves prepared for interviews: Report
A large number of job seekers attend interviews without preparation and fail to unlock their true potential, said a report on Friday. It said only 32 per cent of job seekers consider themselves prepared for interviews, reflecting their limited confidence while facing hiring managers. "Despite the vast opportunities in the Indian job market - with 3.1 lakh jobs posted on Apna in the first quarter of 2025 alone - many candidates still struggle with confidence and lack of effective interview preparation. Explore courses from Top Institutes in Select a Course Category Data Analytics Degree Product Management Cybersecurity PGDM Technology MBA Project Management Artificial Intelligence Data Science MCA Finance healthcare Data Science Leadership Healthcare Management CXO Digital Marketing Design Thinking others Others Public Policy Operations Management Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details "This gap holds back a large number of job seekers from unlocking their true potential and unlocking possibilities," founder and CEO Nirmit Parikh said, quoting the report titled 'Interview Readiness Index 2025'. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Science has spoken, these are the 10 foods that unclog arteries Student Sea Undo He said, the future lies in AI-powered tools that offer personalised feedback and real-time interview simulations. The report also underscores that the rising impact of digital tools in boosting interview readiness as job seekers who leveraged online tutorials, mock interviews, or AI-powered platforms reported significantly higher confidence levels (38 per cent) compared to just 24 per cent among those who did not use such resources. Live Events As technology continues to transform the job search landscape, digital fluency is rapidly becoming a key driver of interview preparedness and confidence, the report added. "These innovations can bridge the preparation gap, helping candidates build confidence, sharpen their skills, and truly showcase their abilities. Our goal is to empower every Indian to not just prepare better, but to believe in themselves, build confidence, and unlock meaningful career opportunities by becoming truly interview-ready," Parikh added. 'Interview Readiness Index 2025' is based on a survey of over 10,000 respondents across the country. The report has drawn insights from individuals who attended at least one interview in the past year, with 67 per cent experiencing virtual interviews, followed by 61 per cent phone interviews, and 57 per cent in-person rounds. The report further revealed that nearly half (49 per cent) of candidates with over six years of experience feel well-prepared for interviews. Confidence declines among mid-career professionals, with just 34 per cent of those having 3 to 6 years of experience reporting readiness. The level of confidence dips further to 29 per cent among early career professionals with 1 to 3 years of experience, it stated. It also revealed sharp contrasts in confidence level among candidates in different cities. Job seekers in tier I cities lead the way, with 45 per cent saying they feel prepared for interviews, compared to 32 per cent in tier II cities and just 26 per cent in tier III towns, the report said.
Mint
23-05-2025
- Business
- Mint
Just one-third of job seekers consider themselves prepared for interviews: Report
Mumbai, May 23 (PTI) A large number of job seekers attend interviews without preparation and fail to unlock their true potential, said a report on Friday. It said only 32 per cent of job seekers consider themselves prepared for interviews, reflecting their limited confidence while facing hiring managers. "Despite the vast opportunities in the Indian job market - with 3.1 lakh jobs posted on Apna in the first quarter of 2025 alone - many candidates still struggle with confidence and lack of effective interview preparation. "This gap holds back a large number of job seekers from unlocking their true potential and unlocking possibilities," founder and CEO Nirmit Parikh said, quoting the report titled 'Interview Readiness Index 2025'. He said, the future lies in AI-powered tools that offer personalised feedback and real-time interview simulations. The report also underscores that the rising impact of digital tools in boosting interview readiness as job seekers who leveraged online tutorials, mock interviews, or AI-powered platforms reported significantly higher confidence levels (38 per cent) compared to just 24 per cent among those who did not use such resources. As technology continues to transform the job search landscape, digital fluency is rapidly becoming a key driver of interview preparedness and confidence, the report added. "These innovations can bridge the preparation gap, helping candidates build confidence, sharpen their skills, and truly showcase their abilities. Our goal is to empower every Indian to not just prepare better, but to believe in themselves, build confidence, and unlock meaningful career opportunities by becoming truly interview-ready," Parikh added. 'Interview Readiness Index 2025' is based on a survey of over 10,000 respondents across the country. The report has drawn insights from individuals who attended at least one interview in the past year, with 67 per cent experiencing virtual interviews, followed by 61 per cent phone interviews, and 57 per cent in-person rounds. The report further revealed that nearly half (49 per cent) of candidates with over six years of experience feel well-prepared for interviews. Confidence declines among mid-career professionals, with just 34 per cent of those having 3 to 6 years of experience reporting readiness. The level of confidence dips further to 29 per cent among early career professionals with 1 to 3 years of experience, it stated. It also revealed sharp contrasts in confidence level among candidates in different cities. Job seekers in tier I cities lead the way, with 45 per cent saying they feel prepared for interviews, compared to 32 per cent in tier II cities and just 26 per cent in tier III towns, the report said.
