Domination Oct 2013

DOMINATION VOLUME-III ISSUE-08

Octo

ber 2

01

3

NEWSLETTER FROM DEPARTMENT OF MANAGEMENT STUDIES, IIT ROORKEE

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Editorial ………………………………………………………

02 | DOMINATION, OCTOBER 2013 DEPARTMENT OF MANAGEMENT STUDIES, IIT ROORKEE

Dear Readers,

It's November, the month of

celebration and enjoyment!!!

Amidst this jubilation and ex-

citement we present you an-

other edition of the Domina-

tion. We hope you would find it

interesting.

This month‟s edition features

articles from a diverse range of

topics. The cover story for this

edition is a very interesting

topic “Being an Entrepreneur”

by Ms.Shifia Mittal and Mr.

Vaibhav Shrivastava. The au-

thors perfectly articulated the

pathway of an entrepreneur and

what makes their work and life

interesting. Any business is

successful because of its idea

and an entrepreneur lives this

idea to make it work. We have

perspective article on "Online

Voting System in India" by Mr.

Abhinav Kumar Singh and Mr.

Nilaya Shanker. We also have

another topic which depicts the

challenges faced by Indian

economy and measures to

strengthen it. “Measures to

Strengthen Indian Economy” is

aptly written article by Mr.

Agam Gupta which talks about

some major challenges faced by

Indian Economy and how India

can insulate itself from the

whim of global finance crisis.

Domination has always wel-

comed creative things and this

edition has another round of

quiz section for quiz maniacs

and also an insightful poem by

Mr. Mehul Lala. It also con-

tains interview of the Mr. Hi-

manshu Khare, a 2009 batch

alumnus of DoMS. Addition-

ally, we have success story col-

umn with Mrs. Prerna Gupta,

renowned female entrepreneur.

This edition contains three sum-

mit details conducted in the de-

partment: Abhyudaya – Opera-

tions Summit, Manthan – Fi-

nance Summit and Vihan – HR

Summit. Your suggestions, re-

views and comments are always

welcome to improve our ef-

forts. With this hope we wish

you a very Happy Reading and

Happy Diwali !!!

………………………………………………………

- Regards

Team DoMination

Contents

Faculty Adviser

Dr. R. L. Dhar

Team DoMination

Apurva Sood

Arun George

Gaurav Mittal

Mehul Lala

Nilaya Shankar

Rohan Krishnan

Sudeshna Naskar

Vignesh B

Designing Team

Ashish Kumar Jaiswal

Dhruv Kadian

Rakesh Ranjan Kumar

Roorkee- 247 667, India Tel: +91-1332-285014, 285617 Fax: +91-1332-285565 Email: [email protected] Website: www.iitr.ac.in/departments/DM/Pages/Index.html

DEPARTMENT OF MANAGEMENT STUDIES INDIAN INSTITUTE OF TECHNOLOGY ROORKEE

04

20

21

11

Being an Entrepreneur

Measures to Strengthen Indian Economy

Cover Story

Qutopia

DoMS da Evince

16

DEPARTMENT OF MANAGEMENT STUDIES, IIT ROORKEE

Success Story

14

……………………………………03 | DOMINATION, OCTOBER2013

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Chlorophyll

10

25

18

28

Spotlight

Perspective 07

mailto:[email protected]?subject=Feedback

http://www.iitr.ac.in/Departments/DM/Pages/Index.html

http://www.iitr.ac.in/Departments/DM/Pages/Index.html

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“Behind any manifestation is not

an individual or a finite collective,

but emptiness”. Do you agree?

Well an entrepreneur definitely

would.

The dictionary meaning of an En-

trepreneur says that „an Entrepre-

neur is an individual, who rather

than working as an employee, runs

a business and assumes all the

risks and rewards of that venture,

idea, good or service offered for

sale. The entrepreneur is com-

monly seen as a business leader,

an innovator of new ideas and

business processes‟. The two most

important words that define an

entrepreneur are initiative and

risk. The amusing fact is that for

an entrepreneur what matters is

the presence of one (initiative) and

the acknowledgement and attempt

for the existence of the other

(risk).

The Beginning

The journey of an Entrepreneur

starts from the need of starting a

venture. The need stems from the

situations. The situation can be

family hardships and rejections

everywhere or it can be a desire to

create a change. Sometimes some-

thing makes an impact in the lives

of an individual and they get a

passion for entrepreneurship. An-

other motivation factor is the de-

sire to be one‟s own boss.



Cover Story

Perspective | Chlorophyll | Qutopia | DoMS da Evince | Success Story | Regardez I’economie | Spotlight

………………………………………………………

04 | DOMINATION, OCTOBER 2013

“A person who organizes and manages any enterprise, especially a business,

usually with considerable initiative and risk.”

“Behind any mani-

festation is not an

individual or a fi-

nite collective, but

The Idea

At the heart of any suc-

cessful business is a great idea.

The source of that great idea can

be an inspiration from any source

-- puzzles, driving passions and

even the subconscious mind. Ideas

for start-ups often begin with the

problems that need to be solved.

But, idea is just 1% of the journey,

99% is the execution. “Ideas Are

Abundant; Drive Isn't.”

Entrepreneurs are people who live

in the future and are ahead of their

time. They understand and closely

observe the world around them,

and are able to see the unot-so-

obvious. They are the ones who

spot and jot down „what is miss-

ing‟ in the world. This is the gene-

sis of their idea.

To the Prototyping

Almost all the entrepre-

neurs possess some basic charac-

teristics. They have the courage

and the ability to act in the face of

fear. An entrepreneur can be a lit-

tle bit crazy but not irrational or

self destructing. They are like art-

ists who create a company to ex-

press themselves. But they have

an underlined passion to add to the

world. They are often autodidactic

learners. They are optimistic and

have the capacity to face rejec-

tions. And all of these are put to

test when they are in their second

phase of prototyping.

One of the most crucial and mand-

ing phase of an entrepreneur‟s life

cycle is prototyping, i.e. develop-

ment of their idea into a workable

and demonstrable object. This

could be one of the longest phases

too, as it is driven by sheer desire

for perfection. Time and again,

experts have stressed that more the

efforts put in this particular phase,

more are the chances for the suc-

cess of the venture.

While in this phase, failure be-

comes a common word. But as it

is said, „One fails to succeed‟ and

not the other way round. There-

fore, iterating over the prototype

continues until it passes the test of

self satisfaction for the entrepre-

neur. Thereafter follows the dem-

onstration of the prototype to the

relevant stakeholders. In many

cases, this leads to further iteration

and the final result is the product/

service design that makes the crea-

tor/designer as well as the future

users and stakeholders, smile.

Joining Hands

Though the society

wrongly perceives the entrepre-

neurs as money minded, isolated

people, sitting and working aloof

from the rest of the world, the re-

ality is sharply contrasting. There

have been examples of the likes of

Michael Dell of Dell Inc., and

Mark Zuckerberg of Facebook

Inc. and not to forget Bill Gates of

Microsoft who have single hand-

edly steered the ship of their or-

ganisations. Entrepreneurs always

join hands with a number of oth-

ers while they are on their mission

to realise there dream or, in some

case, even create history. The sup-

port could be in form of friends,

spouse or family. The examples of

Michael Dell (Family), Narayan

Murthy of Infosys (Friends and

Spouse) and Mark Zuckerberg

(Friends) go to prove it.

Finding a co-founder may not be

the easiest task but is surely a

much needed one. Steve Jobs from

Apple and the Bansals from Flip-

kart can vouch for it.

Funding/Seeding

Though an entrepreneur, in

most of the cases, is not driven by

money but he certainly needs a

capital to invest into dreams. The

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most obvious and famous choices

when he tries to raise funds are

friends and family. Further, the

option of borrowing is available

through Banks, private investors,

Angel investors etc.

Funding for the venture is subject

to the trust that is invested into the

idea before any money is invested.

Therefore, in the history of many

start-ups this has been one of the

most enduring phases of the entre-

preneur‟s life cycle.

As they need to convince not

themselves but others, they experi-

ence their black days and deal

with it. They believe black days

are important and there are many.

There are mainly two types of

black days:

1. The one with all despair and

no hope.

2. There is some hope.

In both the times they just look

back at their last 24 hrs and realize

that the universe is about to

change. Even after a lot of rejec-

tions they ask themselves „Is there

something more to it?‟. Entrepre-

neurs learn from their mistakes.

Even when everybody says that

their idea is irrational and asks

them to give it up they go all the

way to the absolute point where

there is no hope of being success-

ful and then they throw it away

and stay happy about giving their

100%. Entrepreneurs believe in E

Joseph Crossman‟s quote

“Obstructions are things a person

sees when he takes his eyes off his

goal.”

Into Business & Make it large

A ship is safe in the harbour but

being in harbour was not what

ships were built for. An entrepre-

neur believes in taking it to the

shore. They do not settle even

when they are into business but

constantly plan for the future. The

most successful entrepreneur is

the one who envisions the future

and takes risk at appropriate times.

Why do they take risks even after

they‟re in the business? Two rea-

sons:

1. An entrepreneur believes that

he/she will change the world

with something totally new.

And now with continued inno-

vation.

2. For a zest to better the already

done. In fact to look for the

best outcomes possible.

What do they get?

After all the ideas, struggle, risks,

hard-work, failure what a success-

ful entrepreneur gets?

It is the life, the life of an Entre-

preneur; a life which is amazing,

consuming, crazy and exciting; a

life in which one has had bad and

good days; a life with satisfaction,

of creating something out of noth-

ing; a life where you allowed

yourself to create a dream, with no

limitation and a feeling that you

accomplished that dream. For

them, Entrepreneurship is an es-

sential quality of life not merely of

business.

John Quincy Adams has very

rightly said, “ If your actions in-

spire others to dream more, learn

more, do more and become more,

you are a leader” and this the life

of an Entrepreneur.



………………………………………………………


By-

Ms. Shifia Mittal

DoMS, IIT Roorkee(2013-2015)

[email protected]

Mr. Vaibhav Shrivastava

DoMS, IIT Roorkee(2012-2014)

[email protected]

mailto:[email protected]


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The election system is the pillar of

the every democratic country. The

election process provides the right

to every citizen of a country to

select a legitimate representative

among themselves who can guide

the democratic system towards the

welfare of the society. The voting

system has observed many effec-

tive changes over the past few

decades, right from the traditional

paper ballot voting to electronic

voting and now towards the online

voting. Internet is increasingly be-

coming an important medium for

propagation of information and all

walks through of life. India with

73.9 million internet users is the

world's third largest Internet popu-

lation, overtaking Japan but be-

hind China and the US, according

to research firm ComScore.

Hence, an Internet application for

electronic voting necessarily de-

mands an elaborate and robust in-

frastructure that ensures efficient

execution, secured processing.

Online Voting System (OVS)

aims to provide the voters of India

with an additional means of vot-

ing, which is easier, suitable and

dependable besides ensuring total

obedience to the voting protocols.

The election system must be safe,

sound and robust against a variety

of fraudulent actions so that elec-

torate and candidates can accept

the result of the election. But in

the past, there had been elections

which are manipulated to influ-

ence the result. A secured voting

system should meet at least fol-

lowing four criteria‟s:

Meddle-proof: The voting

system must also be meddle-

proof to hinder a broad array

of attacks, including ballot

padding by voters and errone-

ous totalling by insiders.

Anonymity: Anonymity of

ballot should be preserved,

both to promise the voters se-

curity when voting against a

malicious candidate and to

promise that the elector does-

n‟t have any evidence that

proves which candidate re-

ceived his/her vote.

Usability: A voting system

must be comprehensible and

handy by the entire voting

population, regardless of age,

disability.

Authenticity: The voting

process is very significant and

undisclosed process as whole

democratic administration is

centralized on voting so the

legitimacy of votes and voters

should be maintained at the

utmost priority to make the

voting process fair and effi-

cient.

Perspective


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Online Voting System in India

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Our democratic system is in the

doldrums. The citizens of India

are surviving from inflation, lack

of employment, vacancy those are

coming that are pending in High

Court like UPTET 2011 and pro-

gressing scam BOFORS, 2G

Spectrum, Coalgate, Railgate and

etc. Whenever we go for lunch,

most of the people talks about

election which are upcoming in

2014, but only few of them do

contribute in election because

most of them have been belonging

from other state. Whatever would

be the voting turnout, percentage

of literate is always less because

they can‟t take holiday for an elec-

tion.

Let‟s discuss some of the preva-

lent voting systems. Paper ballet

system is a frequently used as tra-

ditional voting system, extensively

used prior to the introduction of

Electronic Voting System. Paper

ballet system includes casting the

vote using the paper and the

stamp. Each voter uses one ballot,

and ballots are not shared. In ordi-

nary elections, a ballot may be a

simple piece of paper on which

each voter writes in the name of a

candidate, but governmental elec-

tions uses pre-printed sheets to

maintain the secrecy of the votes.

The voter casts his/her ballot in a

box at the polling station.

An electronic voting system is a

type of voting system which uses

electronic ballot that would allow

voters to cast their secret vote. Ac-

cording to „Election Commission

of India‟, the Control Unit is with

the Presiding Officer or a Polling

Officer and the Balloting Unit is

placed inside the voting compart-

ment. Instead of issuing a ballot

paper, the Polling Officer in-

charge of the Control Unit will

press the Ballot Button. This will

enable the voter to cast his vote by

pressing the blue button on the

Balloting Unit against the candi-

date and symbol of his choice. The

controller used in EVMs has its

operating program etched perma-

nently in silicon at the time of

manufacturing by the manufac-

turer.

Online Voting System is the new-

est electronic voting system intro-

duced. In which the voted ballot is

transmitted over the public inter-

net through web browser. The

voter can directly vote online from

anywhere in the world. Security is

the major issue in the Online Vot-

ing System. It is very efficient and

manageable. Every voter will have

to register first through web client

interface. Registration will be vali-

dated from central election com-

mission process (ECP) server. The

major challenge is to identify the

unique voter ID. At present Elec-

tion commission of India can‟t

proclaim that a single voter Id

would be issued to citizens of In-

dia. We can mitigate this situation

through linkage between central

ADHAR server and central elec-

tion commission process server.

We can complete the registration

through public private partnership

(PPP) and Panchayatiraj system in

India. After successful verification

voter will received a confirmation

message for their successful regis-

tration. Voter will received a voter

ID as user ID and will received a

date of birth as a default password.



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When voter would login with their

credential, will have an option to

select either general election or

state assembly elections. All par-

ties candidate name will be shown

on the screen, voter will select any

one of them. Voter will received

an OTP (one time password) on

registered mobile number for au-

thentication of their vote, voter

will entered that password and

will received a message “thanks

for participating in election”. After

successful voting, we will set a

true to HasVotingConfirmed in

the database corresponding to

login voter ID so that this can‟t be

participated again.

Result can be easily declared

through online voting systems.

After declaration of result, will

have to set again false to HasVot-

ingConfirmed in the database so

that he/she could participated in

the election next time.

In future, we should try for OVS

application because android phone

users are progressively more

swiftly. Indian railway has been

launched an application of online

reservation and also booking

through phone. We can implement

the same for online voting.

Day by day the population is in-

creasing enormously which in

turns demands the improvement in

the voting system. The primary

goal of every voting system is to

increase the participation of the

civic. Undoubtedly the above dis-

cussed voting techniques are ex-

ceptionally good, but there is al-

ways scope for further improve-

ment.



………………………………………………………


By:

Abhinav Kumar Singh

Hi Tech- MICRON

A 154B Sector 63 Noida

UP Pin 201301

Mob No: +91-8447841351

[email protected]

Nilaya Mitash Shanker

DoMS, IIT Roorkeer (2012-2014)

[email protected]



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It was a fine chilling winter night...

And I was in deep sleep closing my mind...

I saw a dream that didn‟t want to see...

But I could not avoid as I was asleep...

I was standing near a beautiful lake...

And beside me was a sweet girl whom I can‟t face...

My mind tried hard to go away from there...

But she holds me with her mysterious expression...

What I did was not at all acceptable...

So she deserved at least an explanation...

She would have been the best daughter in world...

Who Am I to take her chance from her...?

No one knows about my shameful act outside...

But my soul knows that I am not human inside......

Chlorophyll ………………………………………………………Its wise to learn, its GOD like to create

DEPARTMENT OF MANAGEMENT STUDIES, IIT ROORKEE 10 | DOMINATION, OCTOBER 2013

I am not Human…

(Against Girl Child Killing)


By-

Mehul Lala

DoMS, IIT Roorkee (2013-2015)

[email protected]


………………………………………………………

Qutopia ………………………………………………………

It’s Exquizite, Kills your Quriosity and adds to your Quizdom. Need we say more? ‘Qutopia’ – A Utopia of the best Biz Quiz Tidbits to wreck your brains! Rush in your answers to [email protected] before 21st October, 2012. The winner will have their names published in the next issue. Also, person getting the highest score in the current quarter will get a gift voucher. Answers in the next issue of DoMination.

Section A (1 Point for each correct answer)

DEPARTMENT OF MANAGEMENT STUDIES, IIT ROORKEE 11 | DOMINATION, OCTOBER2013

1. One of the Nobel prize winners in Economics this year who has correctly predicted two Bub-

ble burst in the past i.e. dot-com burst and housing bubble burst.

2. How many Companies come under the banner of TATA GROUP?

3. Current president of IMF was previously the Finance minister of which country?

4. Current MD of SBI Arundhati Bhattacharya joined SBI in which year?

5. First woman to be Managing Director in LIC.



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Qutopia ………………………………………………………


Section B (2 Point for each correct answer)

1. Name the below leader.

2. Identify the Logo.

3) Which company‟s billboard advertisement is this?


4) Identify country name from its flag.

Qutopia ………………………………………………………

1. Mitochondria 2. Kerala 3. Argentina 4. Nestle 5. Bombay House 6. World Bank and IMF

1. Birthday of John Wisden, crea-

tor of the "Bible of the Cricket"

2. Oxfam

3. Republic of Seychelles

4. Jimmy Wales, Founder of

wikipedia

Answers for September edition

Winner of September edition

Gurpreet Singh

DoMS, IIT Roorkee

13 | DOMINATION, OCTOBER 2013 DEPARTMENT OF MANAGEMENT STUDIES, IIT ROORKEE

Perspective | Chlorophyll | Qutopia | DoMS da Evince | Success Story | Regardez I’economie | Spotlight ………………………………………………

………………………………………………………

DoMS-da-Evince

Himanshu Khare is a 2009 batch alumnus of DoMS and pres-

ently working as an Assitant Manager (Mid Corporate Group)

at IDBI Bank

(1) Please let us know about

your journey prior to join-

ing IIT Roorkee.

Ans: Before entering DoMS,

IIT Roorkee, I completed my

Bachelor of Engineering in

Electronics and Communication

from Swami Keshvanand Insti-

tute of Technology, Jaipur. Al-

though I had a job offer through

campus, I decided to get associ-

ated with this great Institute

called „IIT Roorkee‟ having a

rich historical heritage. I was

never so much excited in my

life at that moment.

(2) What are your roles and

responsibilities at IDBI?

Ans: I am currently working as

a Credit Analyst in Corporate

Banking Vertical of IDBI Bank.

As a credit analyst, I am re-

quired to assess the funding re-

quirements of new as well as

existing corporate clients under

various fund based and non-

fund based credit facilities, viz.,

Working Capital and Term

Loan. These corporate clients

are spread across various indus-

tries like, textiles, metal, auto-

mobile, automotive compo-

nents, FMCG, consumer dur-

ables, education, real estate, etc.

Thus, we do a due-diligence by

analyzing Industry, Business,

Management and Financials of

the companies in consonance

with the Bank‟s corporate credit

policy and making suitable rec-

ommendations to the sanction-

ing committees. In the process

we also conduct visits to manu-

facturing facilities and interact

with promoters of the compa-

nies.

(3) How do you cope up with

the various risk associated

with financial analysis?

Ans: As a banker, we do a thor-

ough financial analysis of the

company to look out for associ-

ated financial risks in the credit

proposals. One can see signs of

risk in the financial statement

of the company. We critically

work out operating margins,

interest cover, liquidity ratio,

leverage, contingent liabilities,

etc. For funding projects, we

carry out analysis of future cash

flows and to see the repayment

capability of the companies.

Besides, this we also see quali-

tative aspects like accounting

quality, disclosure norms,

changing in accounting poli-

cies. These parameters all taken

together are suitably scored and

aggregated to arrive at the fi-

nancial risk score. This score

enables the sanctioning author-

ity to take a wise and informed

decision.

(4) Which of the risk you con-

sider most important and

why?

Ans: From a banker perspec-

tive, I would say Management

related risks are perhaps the



………………………………………………………

DoMS-da-Evince ………………………………………………………

most relevant and important

risk elements, especially if the

promoter / management of the

company is new to the bank. A

lending bank should lay priority

to the verification of the cre-

dentials of the promoters by

checking on their track record.

(5)How much importance you

give to qualitative assessment

in risk analysis?

Ans: Risk analysis involves

quantitative assessment as well

as qualitative assessment.

While most of the time analysts

rely largely on quantitative

measures, metrics such as the

debt-to-equity and price-to-

equity ratios, supplementing the

analysis with qualitative assess-

ment increases the insight into

the company. One such qualita-

tive factor can be management

as it is not quantifiable. Such

qualitative factors give analysts

an edge to take the holistic view

on the risk assessment..

(6) What is you views on

Basel III reforms and its

implications on India?

Ans: As we know the Basel III

norms has been laid in the after

math of financial crisis of 2008-

09. These norms are intended to

make banks stronger and stable

across various countries to

withstand financial shocks.

However, Indian banks still see

Basel III more as a compliance

function rather than a necessary

pre-requisite for keeping the

banks stable and profitable. The

enhanced capital requirement of

the banks would have to be

shared by market and govern-

ment both. However, in doing

the so the banks would see drop

in their return of assets and they

may have to compensate this

with a corresponding increase

in the lending rates and fee in-

come in future.

(7) What is the most challeng-

ing role in your career so

far?

Ans: During my stint with

IDBI, I was regional coordina-

tor for the Mid Corporate

Group for two years. The role

involved presenting credit pro-

posal from the branches to the

regional sanctioning committee.

Believe me, to sell a credit pro-

posal to a sanctioning authority

is tough nut to crack. The sanc-

tioning committee critically

analyzes the credit proposal and

discusses each and every risks

and the mitigants available to

averse the risk.

(8) Would you like to share an

interesting incident with

us?

Ans: There are many interest-

ing incidents in one‟s life but

it‟s too difficult to quote some

specific one.

(9) Any message for readers,

especially for the current

batch of DoMS?

Ans: Our life is more or less

depends on the choices we

make. Therefore, one should

make choices or rather take de-

cision when the time is apt even

if it is wrong. If you make a

wrong choice, you will always

have the time to correct it. But

if you delay your decision you

will not have time to correct it.



Success Story ………………………………………………………

………………………………………………………

“After I got my first angel

investment, I promised myself I

would become an angel investor

for others as soon as I sold my

first company.” Any guess who

this person could be? Well, I am

talking about one of the most in-

fluential woman in technology,

Prerna Gupta. Yes, Prerna Gupta,

the name itself reflects multi- tal-

ented personality. She hated the

idea of corporate cubicles and

having a boss. She desired to

carve out her own path and make

a mark. Truly speaking, she was

not at all satisfied with whatever

she was doing. She needed a

change and that was what drove

her into the risky business of en-

trepreneurship. Kudos to her! She

was named as one of the top 10

female entrepreneurs in 2012 by

Wiles Magazine. It is marvellous

news for all the budding entrepre-

neurs, who, I am sure, would be

moved by her story. While on one

hand she used to be the Co- Foun-

der and CEO of Khush, leading

music apps developer, on the other

hand she is an author and a futur-

ist. Her articles have been pub-

lished in New York Times, Tech-

Crunch, Huffington Post, Venture-

Beat and more. She also authored

“Help Entrepreneurs Make Amer-

ica Home”, “Dove Campaign is

(obvious) Sham”, “W om an !

=Man”, “Inspiration”. Later she

became the Chief Product Officer

and Chief Marketing Officer at

Smule. Khush‟s turnaround into a

profitable establishment after ac-

quisition by Smule in 2011 was

feasible only because of her ef-

forts. She is credited with the re-

lease of viral videos for her prod-

ucts that have reached over 250

million views. Earlier she worked

as a consultant at Monitor Group

and early-stage venture capital at

Summit Partners. She used to be a

member of the Phi Beta Kappa

Society and received her degree in

economics. After graduating from

Stanford University in 2004, she

initiated the Indian social net-

working site, Yaari but the com-

pany could not survive beyond

2008. In 2009, iPhone app

LaDiDa which became the num-

ber one free music app on iTunes

was released by Gupta accompa-

nied by her husband Parag Chor-

dia. Her potentials know no

bounds. Besides being a budding

angel investor, she is also a resi-

dent mentor at 500 startups.

The company Khush was estab-

lished in order to publicize the no-

tion of, “intelligent mobile apps”

like Songify, which has the capac-

ity to transform speech into beau-

tiful music. At present there are

almost 50 million Khush app users

internationally. She is mostly en-

dorsed for leadership, marketing,

consumer products, viral market-

ing, start-ups, analytics, social net-

working, product management,

strategy and last but not the least

Prerna Gupta- one of the most influential woman in technology. She was named as one of the top 10 female entrepreneurs in 2012 by Wiles Magazine.



http://blog.prernagupta.com/help-entrepreneurs-make-america-home

http://blog.prernagupta.com/help-entrepreneurs-make-america-home

http://blog.prernagupta.com/dove-campaign-is-obvious-scam

http://blog.prernagupta.com/dove-campaign-is-obvious-scam

http://blog.prernagupta.com/woman-man

http://blog.prernagupta.com/woman-man

http://blog.prernagupta.com/me

http://smule.com

http://en.wikipedia.org/wiki/Phi_Beta_Kappa_Society

http://en.wikipedia.org/wiki/Phi_Beta_Kappa_Society

http://en.wikipedia.org/wiki/Economics

http://en.wikipedia.org/wiki/ITunes

Success Story

………………………………………………………DEPARTMENT OF MANAGEMENT STUDIES, IIT ROORKEE

……………………………………………………… entrepreneurship. Presently she

works for Smule as well as an an-

gel investor and resides at Los Al-

tos Hills, California.

“Switching jobs had not solved

my problems. The truth was that I

hated working in a conventional

structure. I hated having a boss,

working on someone else‟s crea-

tion and sitting in an office all

day. My time was not my own,

and I was miserable. I could not

bear it for even one day longer. So

I quit and decided to become an

entrepreneur. Entrepreneurship is

intoxicating. Whatever it is, I find

the risk of entrepreneurship to be

not only worthwhile but also nec-

essary for fulfilment. Work is no

longer work. It is life, and a good

one. ”



“One of the most courageous things

you can do is identify yourself, know who you

are, what you be-lieve in and where you want to go.”

Sheila Murray

Bethel

http://en.wikipedia.org/wiki/Los_Altos_Hills,_California

http://en.wikipedia.org/wiki/Los_Altos_Hills,_California

………………………………………………………

Regardez I’economie ………………………………………………………

Till a few years back, India was

a next big opportunity in the

global economic market. But

just a few months back, we saw

Indian market in a grim situa-

tion. India is struggling in al-

most all the facets of the econ-

omy. Though this scenario

looks sudden, but this was not

completely unexpected. A loose

fiscal policy leads to a high in-

flation, which in turn lead to

tight monetary policies to fight

it. The outcome was the Indian

economy started to lose mo-

mentum.

There are ways of look-

ing at the numerous challenges

India is facing these days, but

four distinct situations standout

among them:

1. Free fall of rupee against

dollar and other currencies

2. Widening current account

deficit (CAD)

3. Soaring inflation

4. Dampened GDP growth

India's current economic

woes is marked by a rapid fall

in the value of the rupee be-

cause of the persistent inflation

of the past few years and the

high current account deficit

(CAD) of about $85 billion (4.5

per cent of GDP) which needs

to be funded through uncertain

capital inflows year after year.

The recent measures an-

nounced by the finance minister

look inadequate to strengthen

Indian economy. Import duty

on gold was increased by a 6%

to 10%. Which was an attempt

to reduce the current account

deficit, but incremental import

duty will not serve the purpose

to strengthen the economy.

The crisis literally

started with the announcement

by the U.S. Federal Reserve

Bank in May that it would taper

off its quantitative easing (QE)

policy, which pumps a huge

amount of capital in developing

economic markets, and which

can substantially alter the state

of a market like India.

Measures to strengthen Indian Economy



………………………………………………………

Measures to strengthen Indian Economy ………………………………………………….

The main problem of In-

dian economy is huge runaway

fiscal deficit. The finance min-

ister surprised everyone by an-

nouncing a fiscal deficit of just

4.9% for year 2012-13, as this

was quite lower than the pro-

jected one in the budget, which

was rewarded by an upgrade in

the outlook of credit rating

agency Fitch. This situation

presents an opportunity to re-

gain the investors‟ faith and

will partially undo the damage

of Indian economy for last few

years.

The next step should be

to reduce current account defi-

cit, as India adopted LPG pol-

icy (Liberalization, Privatiza-

tion and Globalization) in 1991

to avoid the precipitated of pay-

ment crisis and since that time

India‟s foreign trade has in-

creased sharply. But the major

concern will remain the same as

its import will always higher

than its export of commodities

like oil, natural gas, electronics

good, gold, silver, machinery

etc. India‟s import balance is

always seen as a major force for

its high current account deficit

because of global economic

volatility in the oil market.

Situation demands that

India should have to increase its

global trade partner with whom

it can have liberal policies like

free trade agreement, currency

exchange program, and technol-

ogy development schemes. This

is required to achieve the aim of

faster, inclusive and sustainable

growth.

The next step should be

the proper implementation of

agriculture related scheme, be-

cause agriculture and its allied

activities are an important as-

pect of Indian economy but this

sector is lagging far behind its

real potential. As half of our

population dependent on agri-

culture and its allied activities,

so there is a need of faster

growth in this sector, as only

1% of growth in agriculture

sector will be at least 2 times

more effective in reducing the

poverty than other non-

agriculture sector.

There is a need of adopt-

ing modern agriculture tech-

niques, major land reform pro-

vision to increase land holding

and targeted subsidy distribu-

tion schemes. There is a huge

requirement in revising subsidy

scheme like fertilizer and seeds

subsidy, diesel and kerosene

subsidy, so that only real bene-

ficiaries will get the entitled

profit and extra burden on ex-

chequer can be reduced. The

Government authorities are re-

quired to provide strong impe-

tus to schemes like BGREI

(bringing green revolution to

e a s t e r n I n d i a ) , R K V Y

(Rashtriya Krishi Vikas Yo-

jana) etc.

There is a need to boost

the secondary sector of the In-

dian economy, which includes

manufacturing, real estate con-

struction and electricity, water

and gas supply. But in recent

past it has almost shown nega-

tive growth pattern which is an

alarming situation for the econ-

omy and the more dismal and

grim fact is that it has contrib-

uted only 16% in employment

part of the country. There is a

requirement of effective plan in

this sector like investment in

renewable energy program on

the priority basis.

There is a need to in-

crease the transparency of the

system to reduce the level of

corruption, which is one of the

most pervasive problems in

front of the nation which is as-

sumed to be the major road-

block in the path of growth and

development. Bureaucracy, red-

tapism and license raj has made

its base such that corruption is

assumed to be the major con-



………………………………………………………

Measures to strengthen Indian Economy ………………………………………………….

cern. The major causes of cor-

ruption are excessive regula-

tion, mandated programs and

monopoly of the Government

on distribution of certain goods

and services.

The Government has to

implement the anti-corruption

policies stringently like citizen's

charter act, Right to informa-

tion, Right to reject, Public ser-

vice bill, e-governance, e-

procurement, e-choupal etc.

These measures and some oth-

ers can only strengthen Indian

economy.

India still has time to

work towards insulating itself

from the vagaries of global fi-

nance causing much weakness

in the currency and the current

account. Here are some more

suggestions to strengthen In-

dian economy:

1. Government can easily gen-

erate $20 billion or one per

cent of GDP by allowing

higher coal and iron ore pro-

duction from its large re-

serves. Our annual coal im-

ports have gone up from

roughly $7 billion five years

ago to about $18 billion

now. The increased dollar

outflow was largely avoid-

able because India has

among the largest coal re-

serves in Asia. India could

have saved $10 billion sim-

ply by producing more do-

mestic coal. The govern-

ment must, under a specially

regulated dispensation,

maybe under the Supreme

Court's watch, revive the

export of iron ore from Kar-

nataka and Goa where much

of the mining has stopped

following judicial interven-

tion.

2. The Centre should adopt an

'expenditure switching' pol-

icy, to achieve the fiscal

deficit target of 4.8 per cent

by cutting back on subsidies

and boosting plan capital

expenditure.

3. The latest government poli-

cies regarding FDI which

underline its readiness to

welcome foreign investors

to bring in investments are

very welcoming and should

be supported by one and all

without partisan differences.

4. In the long run and to avoid

future crisis, India needs to

strengthen its agriculture

sector. As we have seen in

the past, not just in India but

elsewhere too, for growth

revival, investment in agri-

culture should be increased

from 3% to 5 % by the end

of the five year plan (2012-

2017). Any other growth

model would just not be

sustainable. So with simple

ideas that do not require big

bang reforms, India can

weather the storm caused by

global and domestic eco-

nomic factors.



By:

Agam Gupta

DoMS, IIT Roorkee (2013-15)

[email protected]


………………………………………………………

Spotlight

Risk assessment and management

is one of the core considerations in

the field of finance, be it lending

or investment decision. The topic

has acquired greater relevance in

the current financially turbulent

times when every institution has to

carefully gauge the various factors

contributing to risk. For manage-

ment student and future leaders, it

is vital to have a sound under-

standing of the subject. Fortu-

nately students at DoMS, IIT Ro-

orkee got such an opportunity to

learn about the same. The event

was Manthan, the finance summit

conducted at DoMS, IIT Roorkee,

on the topic of “Rethinking Risk

in Financial Institutions: Making

the CFO-CRO Partnership work”

which was scheduled on 29th Sep

2013. It was organized by Vittarth,

he finance club of the DoMS, IIT

Roorkee in association with ISTD

Dehradun Chapter. The sponsors

include some of the key brands

such as Union Bank of India, Pun-

jab National Bank, Oriental Bank

of Commerce and Bank of

Baroda. The student was very en-

thusiastic about the event as ea-

gerly waiting for the same.

The event saw participation of

several well known industry lead-

ers as well as distinguished acade-

micians from the department. The

list of guest speakers includes:

Mr. Diwakar Pundir – Chief

Credit Officer, Bajaj Finserv-

Lending

Mr. Anil Kapoor – AGM

(HR), BHEL

Mr. Gaurav H Talwar – VP &

Head-Delivery and Opera-

tions, DCB Bank

Mr. Rajiv Saksena – Associate

Director & Dy. Head Corpo-

rate Group, North BNP

Paribas

Mr. Jiwan Jyoti Nayar – Asstt.

Regional Manager, Oriental

Bank of Commerce

The event took off with a wel-

come note from the students. Then


Manthaan


………………………………………………….

………………………………………………………

Manthan He welcomed all the guests and ex-

plained the vision of the department

to the guests and emphasized on the

fact that Return on Investment (RoI)

is the key consideration in any man-

agement program. Then Dr. P. K.

Ghosh (Dean Finance, IIT Roorkee)

delivered the keynote address where

he explained that mobility of money

is related to market growth which in

turn is affected by national and inter-

national policies. This describes some

of the risks associated with financial

institutions. He also touched on prod-

uct development and stated that it

require a thinking about the society.

He further explained how research

and innovation can make the differ-

ence and provide competitive edge.

He cited examples of several nations

such as Korea, Vietnam and China

how their research efforts are driving

their growth. His thoughts were well

received. It was now the turn of batch

presentation where guests were intro-

duced to the strengths and achieve-

ments of the departments.

It was now the turn of the guests to

share their understanding and first

one was Mr. Diwakar Pundir. Mr.

Pundir 1997 batch alumnus of IIT

Roorkee and also has an MBA degree

from IIM Banglore. His areas of spe-

cialization include credit analysis,

banking, risk management and lend-

ing. He was also accompanied with

his spouse Mrs. Himani Pundir. Mrs.

Pundir is an alumnus of the very first

batch of DoMS. She offered her grati-

tude for providing opportunity to visit

her alma mater. Mr. Diwakar started

by saying that risk and return are the

most important aspects from bank‟s

perspective and a manager has to

make the balance between these two.

On the subject he observed that it is

not CFO-CRO relation but it‟s

actually CFO-CRO-Management re-

lations as the ultimate decision is

taken by business managers. He then

deliberated upon the emerging trends

in financial service industry and how

product complexity is increasing day

by day. He focused on regulatory

compliances such as priority sector

lending becomes important in context

of RoI. The guest also talked briefly

about the global financial crisis and

its impact on financial markets. Over-

all he made us aware that how com-

plexity of business is increasing.

Then the guest spoke about the risk

management and explained various

types of risk viz. credit risk, interest

rate risk, currency risk and liquidity

risk. In addition to these, he also

mentioned broader economy risk by

taking India as an example. Since

Indian economic growth has been

reduced by approx. 50%, this poses

extra challenges for institutions. Then

regulatory risk also poses a challenge.

After a thoughtful lecture on risk, the

speaker moved to the CFO-CRO rela-

tionship. He mentioned that both

CFO and CRO have areas of conver-

gence as shareholders, regulators and

management are the common feature.

As for responsibility, CRO responsi-

bility basically lies with risk manage-

ment and mitigation where CFO‟s

scope of work is broader including

strategic planning. He shared an in-

teresting fact that CROs also have to

respond to queries for growing busi-

ness without taking additional risk.

Finally he introduced us to stress test-

ing and scenario planning by demon-

stration how changes in an actionable

event affect drivers of business.

After the fascinating discussion, the

next speaker was Mr. Anil Kapoor.

Mr. Kapoor is also a 1982 batch

alumnus of IIT Roorkee (then Uni-

versity of Roorkee). Mr. Kapoor

walked us through the timeline of

BHEL. He shared the information

that today BHEL has 17 manufactur-

ing divisions, 4 power sector regional

centres, 8 service centres and 4 over-

seas offices. It also has 48000 strong

workforces building the nation. Fi-



………………………………………………….

………………………………………………………

Manthan

nancial performance of BHEL is

also presented. The speaker then de-

liberated on the key challenges faced

by the organization as listed below:

Slowing global and Indian econ-

omy

Indian power sector is in stagna-

tion

Rising competition

Decreasing margins

Critical raw material BoP vendor

skill deficit

Major retirement in next 5 years

Technology shift in major pro-

duction unit

From there, he took us to BHEL Ha-

ridwar and also spoke about certain

issues having financial implications.

The main reason is backing out of the

customers. In some other situation,

BHEL itself halts the work due to non

-payment from client. Additionally,

as the competition is growing, BHEL

has concentrated on new products

which demands intensive research.

According to the speaker, the situa-

tion of R&D in India is insufficient

and we still depend upon other coun-

tries. He explained that even with

borrowing, some amount of customi-

zation is needed which calls for re-

search.

The third speaker was Mr. Gaurav H

Talwar. Meanwhile Dr. J. L. Gaind-

har, President of Alumni Association

of IIT Roorkee also joined. Mr. Tal-

war showed the gap between Indian

economy and USA economy. He

stated that USA is 3 times bigger than

India but has only one third of the

population. USA is also the biggest

importer as well as exporter of the

world. Even 2/3 of entire world cur-

rency and around 60-70% of trade is

in dollars. USA is also the 3rd largest

producer and largest importer of oil.

USA is also way ahead in terms on

innovation and research. All these

factors give it an unparalleled weight

and make it a world leader. Hence, if

USA sneezes the world gets a cold.

The speaker then went on to compare

USD and INR. He stated that in 1947

the dollar and rupee were equivalent.

At that time there was no debt on In-

dia which now is in tune of $300 bil-

lion. He also touched about the situa-

tion in 1991 when India has to pledge

its gold. After the comparison, he

touched on the topic of why the dollar

-rupee gap is increasing. As per his

view, it is related to demand supply

mismatch. India has traditionally

been having lesser export than im-

port. So far the gap has been man-

aged through FII but now the de-

creasing foreign investment is mak-

ing situation worse. Oil and gold are

the two main imports of India and

that is why there are calls to reduce

consumption of them. The speaker

shared his apprehension that India‟s

credit rating may be downgraded and

this again puts additional pressure.

The speaker was concerned about

current situation and wished a speedy

recovery.

The fourth speaker was Mr. Rajeev

Saksena. He is also an alumnus of IIT

Roorkee and then completed his

MBA from FMS, Delhi. He appreci-

ated the contribution of IIT Roorkee

in education and nation building. He

started with defining risk as probabil-

ity of something undesirable. Then he

touched risk management process

which involves pre due-diligence, due

-diligence, post due-diligence and

periodic audits. As for the topic, he

suggested that there is a need to re-

think over the relationship between

the CFO and CRO. He advised the

future managers to always be alert

and never let the guard down. He

gave an example of an otherwise nor-

mal trade but using an Iranian vessel

for transportation. He then explained

how Iran sanction can play havoc.

Another example was given for a $6

billion out of the court settlement for



………………………………………………….

………………………………………………………

Manthan irregularities in dollar payments.

Therefore one must be continually

thinking. There is no harm in raising

a doubt and seek clarification if

something is not clear. Adherences to

system, compliances and procedures

are essential for everyone. A bonus of

few lakhs is insignificant when com-

pared to 40 odd years of career and

loss of reputation. He also explained

his personal experience of one case in

which a party was found in malprac-

tices.

The last speaker of the day was Mr.

Jiwan Jyoti Nayar. Mr. Nayar specifi-

cally talked about risk management in

commercial banks. He observed that

banks, as opposed to sophisticated

financial institutions, have to cater to

general masses which need different

risk management processes. In case

of a crisis (like Uttarakhand Disaster)

banks have to suffer losses. Another

aspect is that banks have to lend to

financially illiterate clients and hence

the risk assessment becomes more

qualitative. In such a situation, even

credit rating could not be taken as

baseline and there is a need to look

beyond established methods of finan-

cial analysis.

This marked the end of the summit. A

note of thanks was delivered and the

guests were presented mementos for

their valuable time. The summit saw

an interactive audience and intelligent

questions. It proved to be extremely

useful for budding managers.



………………………………………………………

………………………………………………………

SpotLight ………………………………………………………

ABHYUDAYA



Operations are called back-bone

of organization as it deals with the

end product or service. In today‟s

organization it needs to be effi-

cient as well as effective. DoMS,

IIT Roorkee got wonderful chance

to share ideas and views on opera-

tions as the Operations summit

“Abhudaya” was organised on 27th

September at Department of Man-

agement Studies, IIT Roorkee.

The summit was organized by Op-

erazione (Operations club of De-

partment of Management Studies,

IIT Roorkee) and it was sponsored

by PMS Flashmatics and Drona

IAS.

The event began by lamp lighting

ceremony where Head of Depart-

ment Dr. Santosh Rangnekar,

Deputy Director of IIT Roorkee

Mr. S. P. Gupta, Faculty Advisor

Dr. Rajat Agarwal and other dis-

tinguished faculty members were

present along with eminent indus-

try speakers which include:

Chief Guest Mr. Pradeep

Kapse (Technical Advisor,

Volvo & Eicher Commercial

Vehicle)

Mr. Nishant Arya (Executive

Director, JBM Group) – Spe-

cial Guest of Honour

Mr. Rajeev Saxena( COO,

Agility Logistics)

Mr. Mohit Khandelwal

(Engagement Manager, A.T

Kearney)

The session began with Mr. Ra-

jeev Saxena sharing his opinions

and knowledge about Supply

Chain Management. Mr. Saxena

mentioned Supply Chain not only

focuses on reducing manufactur-

ing cost but at the same time also

focuses on reducing distribution

and supply chain cost. Going

ahead with his speech he talked

and discussed about what are the

………………………………………………………

ABHYUDAYA factors that influences supply

chain and hence put pressure on

Supply Chain Management task.

He mentioned for any company

waiting time and seepage as one

of the causes of concern. He also

shared his knowledge on chal-

lenges for SCM and the need to

balance the customer satisfaction

against cost of supply chain. He

also mentioned the existing prob-

lems in today‟s industry perspec-

tive.

1. Taxation Problem: Indian

State Tax system and also dis-

cussed about Goods and Ser-

vice Tax.

2. Demand Forecasting: Instead

of company following demand

forecasting, company start

practising sales forecasting.

3. Lack of Trust: Trust does not

exist between various channels

of SCM which includes dis-

tributor, Partners, customers.

4. Lack of Information

5. Lack of Infrastructure

6. Lack of Trained and Skilled

Resources

At last he mentioned about the

collaboration among various in-

dustries as important tool to lever-

age benefits like cost cutting.

The second speaker and chief

guest of event Mr. P.K. Kapse,

also Alumnus of IIT Roorkee,

shared his views on what is re-

quired to be differentiator and

successful in Industry. He empha-

sized on the young MBA students

to start their work from ground

level and maximize their learning

as time goes on. He also pointed

to the requirement of carefully un-

derstanding problem statement

and hence understanding the need

of people and what motivates

them. He mentioned about five

fundamental rules that one must

follow to be successful in indus-

try.

1. Vision: To have clarity of

one‟s vision

2. Strategic Planning

3. Selection of Right Team

4. System & Control

5. Discipline

Ending his speech Mr. Kapse em-

phasized the need of hour is to fol-

low these 5 basic rules and keep

on improving your learning.

The third speaker of the day was

Mr. Nishant Arya who was the

special guest of honour. He started

with a quotation “Technology &

Operation have their own impor-

tance but Mindset is the Key As-

pect”. He discussed about the need

for the company to focus towards

excellence and considering Bench-

marking as the important parame-

ter to monitor growth for manu-

facturing process. He mentioned

about 80% -20% approaches as

80% of the problems lie in 20% of

process, so identifying those 20%

and working on them will improve

company‟s operation capability.

He also discussed about the to-

day‟s need for any company to

become lean, Frugal and adaptive

so as to catch up with good times

when slowdown occurs.

Post Lunch Session began with

very enthusiastic speaker Mr. Mo-

hit Khandelwal. Mr. Khandelwal

started his discussion with Ana-

lytics and how analytics plays vi-

tal role in utilizing unstructured

data and thus explaining the sig-

nificance of the Analytics in to-

day‟s Market. He mentioned about

the challenges of BigData and set



………………………………………………………

………………………………………………………

ABHYUDAYA



out the problems faced in opera-

tions of company and how supply

chain suffers loss in terms of sup-

pliers and distributors, availability

followed by A.T Kearney‟s DDM

(Dynamic Decision Model) and

how DDM enables faster and bet-

ter cross functional decision mak-

ing in terms of operations. Con-

cluding his session he mentioned

about the problems faced in opera-

tions.

1. Global Supply Chain

2. Environmental and Trade

Regulations

3. Economic growth & Exchange

Ratio

4. Price Fluctuations

5. Demand Variations

6. Supplier Compliance

The Summit concluded by thanks-

giving Speech by students of De-

partment Of Management Studies,

IIT Roorkee for the respective fac-

ulties, participating dignitaries

and students from both years. The

summit was highly successful

with lots of participation and inter-

action of students with prominent

industry speakers.

………………………………………………………

………………………………………………………

SpotLight ………………………………………………………

VIHAAN



Human resources are always an

important as well as an integral

part of any organization, be it ser-

vices or manufacturing. In modern

times it is considered most crucial

asset of the organization. Needless

to say, it is imperative for budding

managers, leaders and entrepre-

neurs to learn about the develop-

ment in HR world. DoMS, IIT Ro-

orkee also got such an opportunity

to discuss the subject and learn

about the same. The event was

Vihaan, the HR Summit which

was hosted on 28th Sep 2013 or-

ganized in DoMS, IIT Roorkee. It

was sponsored by some of the

well known brands such as Ever-

est, Godrej & Ambuja Cement and

conducted by VyavaHR, the hu-

man resource club of DoMS, IIT

Roorkee. The topics of discussion

were diverse in nature and rele-

vant as listed below:

1. The role of HR in Organiza-

tional Transformation

2. Strategic HRM and its impor-

tance today

3. Workforce Motivation

4. Talent Acquisition and Reten-

tion

There was an aura of excitement

in the department and students

were enthusiastic about listening

to these eminent personalities. The

summit saw the participation of

industry stalwarts and distin-

guished faculty members of the

department. The guest speakers

included:

1. Brig. Digvijay Setia

2. Dr. Santosh Bagwe – COO,

Dr. Batra‟s B Perfect Pvt. Ltd. and

Head HR, Dr. Batra‟s Group of

Companies

3. Ms. Bhairavi Bhatt – Sr. HR-

Manager, Dr. Batra‟s Group of

Companies

4. Mr. Baliram Mutagekar – Sr.

Manager-HR, Persistent Systems

Ltd.

5. Mr. Rajesh Kumar – Sr. DGM

-HR, BHEL

6. Mr. Alok Sheopurkar – Sr. VP

and HR-Head, HDFC AMC

7. Mr. Indrajit Singh – HR Direc-

tor, THALES India

8. Ms. Navdeep Lamba – Talent

Acquisition Manager, THALES

………………………………………………………

Vihaan India

In addition to these renowned

guests, the event was also graced

by Dr. Santosh Rangnekar, Head

of the Department, Dr, Usha

Lenka, Dr. R. L. Dhar and Dr. M.

K. Barua. The event started with

the introduction of the department.

The guests were explained the

various strengths of the depart-

ment. Then a lighting ceremony

took place. This marked the for-

mal initiation of the event. It was

now the turn for industry leaders

to share their experiences and un-

derstanding about various facets

of human resource management.

The industry leaders spoke about a

varied range of topic such as lead-

ership, workforce motivation, HR

in changing times, talent manage-

ment, employee satisfaction and

HR in an organizational context.

The speeches were enriching and

well received by the audiences. It

was also followed by a question-

answer session where student‟s

queries were responded by the

guest aptly.

The first address was from Brig.

Digvijay Setia who began his ses-

sion on motivation among em-

ployees and how to achieve goals

through it. His comparison be-

tween Military vs. Corporate

Leadership gave insight of need

for motivation and good leader-

ship. He emphasised on the points

like role and goal clarity, right-

eousness, team building etc.

Next speaker Dr. Santosh Bagwe

started his session with transition

of business and HR role in last 25-

25 years. He elaborated this transi-

tion in context of Business, Tech-

nology, Aspiration changes and

transition of HR role. He shared

his experience in different types of

industry and how HR role has

transformed from personnel de-

partment to facilitator to em-

ployee. He also shared his views

on talent acquisition and retention.

Our next speaker Mr. Baliram

Mutagekar, as having experience

in IT industry introduced students

about HR‟s role in an IT organiza-

tion. He briefed about challenges

faced by HR and talent acquisition

and retention in IT firms. His

views on design and implementa-

tion of HR policies and processes,

employee engagement etc were

quite enriching for students.

Last speaker of the day Mr. Rajesh

Kumar, gave a brief introduction

to BHEL and how it is leading the

way in heavy electrical segment.

During his session, he repeatedly

emphasized on „being happy and

enjoying life‟. As we know BHEL

has been identified as the 6th best

employer to work for among top

organizations of country by Busi-

ness Today in 2013. He attributed

this to BHEL‟s work-life balance

and talent nourishment.



………………………………………………….

………………………………………………………

Vihaan After the series of addresses, a

panel discussion was also held in

which Mr. Indrajit Singh, Mr. Atul

Sheopurkar, Mr. Baliram

Mutagekar, Ms. Bhairavi Bhatt,

Mr. Rajesh Kumar and Dr. San-

tosh Bagwe shared their views on

the matter of workforce motiva-

tion and trust in the people. They

also deliberated upon the role of

HR in organizational transforma-

tion. The discussion became inter-

esting due to students interaction

with dignitaries and curiosity for

their perspective on the topic. The

discussion proved to be extremely

fruitful for the students.



……………………………………………….


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Domination Oct 2013

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