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Hitesh Thakkar

Co-Founder, Head of Business@QuezX - Operations Mgmt. - Technology Product Development - Biz. Development – B2B/B2C

Professional Background

Hitesh Thakkar is a highly accomplished professional specializing in the intersection of technology and business. With extensive experience in data analytics and consumer insights, Hitesh has developed a reputation for simplifying complex problems, effectively eliminating bottlenecks, and driving revenue and margin growth in both start-up and mature environments. Currently serving as the Head of Business at QuezX.com, Hitesh oversees the profitability and loss management (P&L) for both their B2B and B2C platforms, effectively steering new business initiatives that contribute to organizational growth.

Hitesh's strategic vision and ability to execute have been recognized by colleagues and partners alike, earning him admiration for his commitment to follow-through and adaptability in fast-paced, evolving situations. An early success in 2015-2016 saw Hitesh spearhead the establishment of an early-mover advantage that resulted in a remarkable tenfold growth in both the client base and the consultant pool over two years. This initiative led to over 700 clients and more than 2000 empaneled agencies, many of whom now rely solely on QuezX to meet their talent needs.

In addition to his operations excellence, Hitesh played a pivotal role in facilitating the merger between ABC Consultants' HeadHonchos platform and QuezX.com in 2017. His contributions included tackling due diligence, managing investor relations, and overseeing the post-merger transition and integration processes, ensuring a smooth shift that benefitted both entities.

Prior to joining QuezX.com, Hitesh held significant roles in established organizations including Samsung India Electronics. During his tenure there, he achieved a remarkable 15% increase in sales revenue within a single year by leveraging predictive data analytics to assess monthly sales trends, enhance product-specific volume forecasts, and strategically optimize pricing models while implementing incentive programs to drive performance.

Education and Achievements

Hitesh's impressive educational background underscores his strategic prowess and business acumen. He studied Information Technology at V.J.T.I., where he developed a strong technical foundation. Building on this, he earned his Master of Business Administration (M.B.A.) from the prestigious Indian Institute of Management, Ahmedabad, and later pursued a specialized M.B.A. in Entrepreneurship/Entrepreneurial Studies at Maastricht University. This diverse educational repertoire equips Hitesh with a unique blend of technical, analytical, and entrepreneurial skills that he applies expertly in his professional endeavors.

Skills and Specialties

Hitesh’s specialties encompass a wide array of competencies crucial for success in today's dynamic business landscape. His key areas of expertise include:

  • Business Operations and Strategy: Proficient in both start-up and scale-up environments, with a focus on innovation and efficiency.
  • Channel Partner Development and Management: Experienced in building and maintaining robust partnerships to expand market reach.
  • Fund-raising Efforts: Skilled in identifying funding opportunities and presenting compelling cases to potential investors.
  • Sales & Distribution Management: Expert at strategizing sales initiatives that drive substantial revenue growth.
  • Digital Marketing: Knowledgeable in contemporary digital marketing strategies and their implementation.
  • Change Management: Proven ability to navigate organizations through significant changes while ensuring minimal disruption.
  • Team Development and Leadership: Committed to fostering a collaborative and high-performing work culture.
  • Negotiation Skills: Adept at negotiating deals that are favorable to the organization while maintaining positive relationships with partners.
  • Mergers and Acquisitions (M&A): Experienced in managing the intricacies of M&A processes, from initial discussions to integration.
  • Legal Contracts: Proficient in vetting and finalizing legal contracts to safeguard the company's interests.

With his blend of expertise in innovative technology, strategic foresight, and an unwavering commitment to excellence, Hitesh Thakkar stands out as a visionary leader ready to tackle the challenges of an ever-evolving business landscape. His achievements in expanding client bases and driving revenue growth speak volumes of his capabilities, making him a valuable asset in any organization he is a part of.

Highlights

Aug 19 · linkedin

Globally, several macro events are affecting economies, including the hiring freeze, layoffs, Russia and Ukraine war, the US inflation, and the pandemic.

Do all the factors mentioned above indicate causes of recession, and if so, is it the best time to invest your money? 🤔

Worldwide stock markets declined by 50 and 60 percent back in March 2020, and Investors started to lose confidence, which led to overselling. Nonetheless, many people also invested simultaneously, and after 1-1.5 years, they produced a positive return that they hadn't seen in the previous ten years.

The stock market generated marvellous returns after its low in March 2020; in one year, we have witnessed the S&P 500 generate almost 65% returns, the #Nifty generate 80% returns, and the #Sensex generate 75% returns.

This experience raises two questions. Should we increase our investments again? Or Should we stop infusing money into the Market? 💵🤨

Let's examine the possible Pros and Cons of making financial investments during a recession or a downturn in the economy.

📌Pros Sometimes we get stocks at discounted prices; even blue chip stocks are available at steal prices. Opportunity to generate a good return in the short term. A large number of stocks are easily available due to overselling.

📌Cons High risk is involved due to uncertainty and high volatility in the market. People invest money by taking debt (Not a good decision) As far as market revival is concerned, there is no information available.

All the above points mentioned in the pros and cons are based on the scenarios we have seen so far during the recession and slowdown. This approach is, however, not recommended.

I believe recession and slowdown are the best times to buy stocks at lower prices if the business maintains strong fundamentals.

What do you think is the best strategy to invest money during a recession?💭

#stockmarket #recession #investment

Aug 11 · linkedin

$128 million (nearly Rs 1,000 crore) has been defrauded by fake cryptocurrency exchanges as the global cryptocurrency market collapses.💸 . . Fun fact, these all were INDIAN CRYPTO INVESTORS!😲

The cyber security company #Cloudsek has revealed the financial fraud of approx 1000 crore with #crypto Investors.

Crypto scammers are enticing people into investing through fake #cryptocurrency exchanges using various strategies, such as identity theft and phishing.

The scammers contact individuals and extend a welcome offer of a $100 #credit note on the platform. To build confidence, these offers are even credited to users who add dollars to the platform after generating money.

According to #CNBC reports, In the last 2-3 years, there has been a rise in the number of such scams, due to which 32 million fake accounts were blocked from #socialmedia platforms in 2021.

How can you prevent being scammed from unverified profiles and fake crypto exchanges?💭

📌Make your crypto wallet secure - enable two-factor authentication and do not share your recovery phrase with anyone!

📌Be sure of who you trust - Do your own research, and if someone promises overnight returns, verify it from all avenues because this is impossible!

📌Website URLs - You don't want to fall victim to a spoofed website or enter your information into any website that is not secure.

Private cryptocurrencies are riskier than public cryptocurrencies such as #Bitcoin, #Ethereum, #Solana and so on. Invest at your own risk appetite, but when investing, verify and cross-check for any outrageous claims!

What’s your take on crypto scams in 2022? Have you been scammed or witnessed a near one go through the same?

Share in the comments below, so everyone can learn and grow!

Related Questions

How did Hitesh Thakkar enable a tenfold increase in both the client and consultant base at QuezX.com?
What strategies did Hitesh Thakkar implement to achieve a 15% increase in sales revenue at Samsung India Electronics?
In what ways did Hitesh Thakkar contribute to the successful merger between ABC Consultants and QuezX.com?
How has Hitesh Thakkar's educational background influenced his career trajectory in business operations and management?
What innovative technologies does Hitesh Thakkar leverage to simplify complexities in business environments?
Hitesh Thakkar
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Location

Mumbai Area, India