Solaris – A grand success

The inaugural management fest of IIM Udaipur, Solaris, was a two day extravaganza held on the 7th and 8th of November. The fest was entirely conceptualized and executed by the student body and earmarked the exponential growth the college has seen since its inception. The fest encompassed a wide array of activities from summits, workshops to umpteen competitions. The summits and workshops covered all domains of management and were graced by industry veterans and provided huge impetus for learning. The competitions too provided an interesting mix ranging from testing participants on core domains such as finance, marketing to a short film making competition and the high competence level helped bring out the best in the students.

DSC_8224

The first day started with an address from the director of IIM Udaipur, Prof. Janat Shah. He outlined the key focus areas of the institute’s growth and how the concept of Solaris was directly in sync with the college’s focus on holistic growth. He emphasized on research, transformation and contributing to society as the key pillars of growth of the institute. Prof. Shah’s address was followed by an enriching talk from industry behemoth and keynote speaker, Mr. Subir Gokarn( recently appointed executive director of the IMF). He helped provide a comprehensive view of India’s growth potential and the means to eradicate the present frailities to exploit this potential.

The keynote address was followed by the first summit, The Leadership Summit. This is the flagship event of the Media and Industry Interaction Cell of the institute and as in the preceding three editions, this time too, the summit had industry veterans such as Mr. Unnikrishnan(CEO, Thermax), Mr. Sandeep Budhiraja( Country Head, MMR Research Worldwide),Mr. Ajay Gupta( COO, Decimal Point Analytics) and Mr. Manish Rastogi( Head, Metro Cash and Carry) attending. Their speeches helped provide detailed perspectives on specific industries and the macroeconomic situation. They helped provide unique interplays on the central theme “Evolve” by helping elucidate as to how companies consistently break through existing norms and bring about innovation in all spheres to cope with the present times.

Samvaah , the marketing conclave organized by the marketing club Marclan, was the other summit held on the first day. The theme for the event was “The Future of Marketing”  and had a keen focus on the advent of new marketing techniques in view of the tried and tested concepts becoming obsolete in the present scenario. The conclave had industry marketing wizards such as Mr. Ramamoorthi (Managing partner at Ogilvy and Mather), Mr. Abhishek Joshi (Director- Digital Marketing and Customer Acquisition at Redbus), Mr. Atindriya Bose (Country Head of Sony entertainment) and Ms. Gayatri Ojha (Brand Communications & Insights Head – M-Pesa at Vodafone India).They emphasized on the dynamic nature of the marketing field and the practices needed to remain abreast with this dynamism. The speeches covered a wide array of topics such as digital marketing, new age advertising and also marketing techniques to popularize novel initiatives such as M-Pesa.

The second day commenced with Arth-Samvaad, the Finance Summit which was organized by Finomina, the finance committee of the college. The presence of industry stalwarts such as The Chief Economist at YES BANK– Dr. Shubhada Rao, Associate Director at NVS Brokerage- Mr. Kamlesh Mehta and Executive Director of IDBI Bank Ltd.– Mr. N.S. Venkatesh helped provide the ideal platform for future financial managers to interact with them and help understand the intricacies of the financial world. The panel discussion was on the topic “Currency Chaos: Where will it lead to?” where the industry experts helped decipher the intricacies and position of the Indian Rupee along with the market swings brought in by the Chinese Renminbi. The panel discussion was followed by Mr. Deepak Mohanty(Executive Director of the RBI) addressing the audience on the objectives of the central bank and how the RBI has coped with global financial pressures in the past. Mr. Mohanty helped enrich the audience regarding the key financial indicators and how performance on these indicators is a sign of growth. The summit concluded with the dignitaries unveiling the finance magazine-Arthaarth and hence concluding another successful edition of the summit.

_DSC0948.JPG

The final summit of the fest was Technovate, the IT-Entreprenuership Summit which focused on the booming world of startups and how technology was the key enabler for this boom. The industry leaders in attendance were Mr. Manoj Sharma the Chief Technical Officer of Quikr, Mr. Vishal Verma the Operations and Logistics Manager of Uber, Mr. Anil Joshi of Unicorn India Ventures, Ms. Aditee Rele, the Lead in Technical Evangelism at Microsoft, Mr. Piyush Poddar, the Director of Professional Services at Axelerant and Ms. Lalitha Yanamandra, the General Manager of Enterprise Services & Delivery at MartJack and they spoke on the topic “Evolution of entrepreneurs in IT”. The summit was an extremely engaging medium as the panel discussions helped shed light on various facets associated with startups i.e. investment , target market, evolving technology etc. Mr. Anil Joshi, founder of early stage investment provider, Unicorn India Ventures, too provided inputs on the investment cycle. The summit helped educate budding entreprenuers of the essential parameters to start a successful enterprise and was a huge success.

The various competitions and workshops were held across the two days and provided ample opportunities for learning and testing one’s competencies. The various competitions included events that tested core concepts such as Vitt-Sangram, the finance case study competition and marketing events such as Juxtapose, the ad-making event to events such as the short film making competition which was judged by eminent director Mr. Vibhu Puri. The competition was extremely intense as a number of teams were from other top B-schools such as IIM Ahmedabad, Symbiosis, IIM Amritsar etc. The students of IIMU too gave their best and bagged laurels in several events. A number of workshops were held too such as the Dabbawala workshop, the Consultimg workshop etc which were attended in great numbers as students had the chance for close interaction with industry veterans. The Dabbawala workshop in particular was a huge hit as Mr. Vijay Aggarwal provided an in depth study of the world famous supply chain system of the Dabbawalas.

The two day inaugural fest was thus organized on a very grand scale even though the college is in its nascent stage. The various summits and workshops proved to be ideal grounds for learning and understanding of the various facets of the corporate world. The competitions tested competencies to the hilt and hence proved to be ideal for the best minds of the country. The smooth conduction of the event in itself provided umpteen challenges but the coordinated efforts of the student body and everyone associated with the institute helped the IIM Udaipur fraternity pull it off. Hence, Solaris was a huge success and it certainly set the benchmark for other top B-schools to emulate.

Advertisements

Staying Ahead Of The Curve

The Chartered Financial Analyst (CFA) credential has become the most respected and recognized investment designation in the world; The CFA Program curriculum covers concepts and skills that could be used at any stage of a person’s career, connecting academic theory with current practice and ethical and professional standards to provide a strong foundation of advanced investment analysis and real-world portfolio management skills. Employers know the CFA Program provides the skills needed in today’s global, dynamic marketplace and that earning the CFA charter demonstrates the commitment to excellence required of today’s investment professionals.

IIM Udaipur believes that training people in academics should be as much relevant to the real world as it can be. Even with a hectic curriculum that is part of MBA program at IIMU, 1 student has completed level 3 of the certification. The students believe in staying ahead of the curve – the number of students pursuing these certifications is proof to the fact.

Following are the students who have taken up the CFA certification

  1. Prateek Goyal – Cleared level 3 ( PGP 2014 – 16)
  2. Siddharth Katha – Cleared level 2 ( PGP 2014 – 16)
  3. Ananya Srivastava – Cleared Level 1 ( PGP 2014 – 16)
  4. Anchal Gupta – Cleared Level 1 ( PGP 2014 – 16)
  5. Hitarth Mehta – Cleared Level 1 ( PGP 2014 – 16)
  6. Nikhil Bhardwaj – Cleared Level 1 ( PGP 2014 – 16)
  7. Poorvi Parswal – Cleared Level 1 ( PGP 2014 – 16)
  8. Vipul Bindal – Cleared Level 1 ( PGP 2014 – 16)

There are a couple of PGP1 students as well who have shown exemplary proactive-ness in staying up-to-date with the industry requirements.

  1. Anurag Gupta – Cleared Level 2( PGP 2015 – 17)
  2. Siddharth Bhargav – Cleared Level 1 ( PGP 2015 – 17)

The institute considers excellence to be a way of life rather than something to strive for. Competitive spirit and nurturing future business leaders through such certifications is encouraged at the institute.

ARTH SAMVAAD – Another blossom added to the Financial Tree

Mergers and Acquisitions, company IPOs, role of regulatory bodies, and valuing companies are some of the most talked about topics in the world of finance today. To bring together finance enthusiasts from across the country to discuss these and other critical topics, Arth Samvaad-the third edition of the annual finance symposium of IIM Udaipur was organized on 24th January, 2015 at the institute’s campus.

Arth Samvaad is a student driven initiative organized by Finomina- the finance club of IIM Udaipur. The event serves as a platform for future financial managers to learn and interact with industry stalwarts to discuss changing trends in the financial world and the micro and macro- economic factors that affect financial decision making.

The event began with a welcome address by Prof. Janat Shah, the director of IIM Udaipur. Prof. Shah elaborated on the key features of education at IIM Udaipur namely research, MBA as a transformational journey and making a difference to the region. Prof. Shah also spoke at length about IIM Udaipur’s focus on global and rural immersion and on encouraging entrepreneurship among students.

IMG_9965

The welcome address was followed by a panel discussion on the theme ‘Rethink: Decades of Financial Folly-Will it be different this time?’ The speakers for the same were:

  • Harsh Vardhan: Head of Bain India’s Financial Services practice
  •  Mr. Niraj Karia: Senior VP, Kotak Mahindra Capital
  • Mr. Sriram Krishnan: Director & Head – Market Specialists, Securities Services, India
  • Mr. Umesh Agrawal: Executive Director of Investment Banking at Axis Capital, Mumbai, India

Mr. Niraj Karia spoke on the changing scenario over the past decade as regards changes in leverage and derivatives, complexity of regulations and valuations. Mr. Vardhan then discussed the reasons for the global and Indian financial follies over the past decades and how we could deal with the same. Mr. Krishnan emphasized on the need to first understand the framework and background for each historical folly while Mr. Agrawal discussed current economic trends and key indicators that will influence India’s future financial growth.

The panel discussion was followed by an intercollege debate competition on the topic: ‘Is Increasing Regulations on Financial Institutions Good?’ The debate saw teams from IMT Ghaziabad, IIM Lucknow, NMIMS Bangalore and IIM Udaipur present their stance on the topic, while also challenging the views of other teams.

VittSangram

The event also saw a Mergers and Acquisition workshop conducted by Mr. V S Sundaresan, Chief General Manager, SEBI. The workshop involved the analysis of a case study, and an ensuing discussion on the finer and often controversial topics in Mergers and Acquisitions.

The final event for the evening was a faceoff between the students of IIM Udaipur and Mr. V S Sundaresan on the necessity of a regulatory body. The faceoff saw a very animated discussion on the topic, with a number of key insights also contributed by the audience.

SEBI

The conclave ended with the launch of Finomina’s magazine: Arthaarth and the felicitation of the speakers by the director. The winners of the great debate challenge were also announced with NMIMS Bangalore coming first and the team from IIM Lucknow being the first runners up.

LaunchOfArthaarth

The third edition of Arth Samvaad was a success with the students and speakers alike, looking forward to next year’s edition. Kudos to team Finomina!

Team finomina

Arth Samvaad 2015 – The Finance Conclave of IIM Udaipur

Arth-Samvaad is the flagship event of Finomina – the Finance Club of IIM Udaipur. Continuing the success story of previous 2 editions of Arth-Samvaad, the third edition of Arth-Samvaad assures an enriching experience with immense learning through panel discussions and various inter-college competitions. In tune with previous editions, we plan to host some of the most eminent personalities from the financial domain.

Arth-Samvaad aims at the fact that, the future managers should get to know about the current trends in the industry and how the various macro and micro-economic factors interact in order to affect the way business is done all over the world. It is a platform to deliberate on developments in the world of FINANCE.

This year we look at rethinking “Decades of Financial Folly” where the Panel discussion will try to unravel the cause for this euphoria and brainstorm whether the history will repeat itself again or not!

AS Main Poster

Events:

Slot 1: Panel Discussion

“Rethink: Decades of Financial Folly: Will it be different this time?”

Esteemed guests for the event are:

  • Dr. Harsh Vardhan, Partner – Bain & Company
  • Mr. Sriram Krishnan, Director – Citibank N.A.
  • Mr. Umesh Agrawal, Executive Director – Investment Banking, Axis Capital
  • Mr. Niraj Karia, Senior Vice-President – Kotak Mahindra Capital

Slot 2: Vitt Sangram

‘Vitt-Sangram’, is a series of competitions organized by Finomina as a pre-cursor to Arth-Samvaad 2015.

Vitt sangram

The Great Debate Challenge

We began with two rounds of prelims for our Debate Challenge. First round required the participants to submit articles on the topics; ‘Oil break’ – short term or here to stay? And has RBI killed the Euphoria by delaying the rate-cut? The second round consisted of a 3 minute video submission on the topic “Increasing Regulations on Financial Institutions is Good”. The video was evaluated by an expert panel of faculty members. The finalists who will be battling it out in the grand finale are from IIM Lucknow, IMT-Gaziabad, NMIMS Bangalore and IIM Udaipur.

quizz-161 Jan. 24 01.49

Workshop on M&A

Finomina, as part of its flagship event, Arth-Samvaad ‘15 is organizing a case study workshop on Mergers and Acquisitions to be conducted by Mr. V.S. Sundaresan, Chief General Manager, SEBI. It is an opportunity to get the expert guidance on the Takeover process and M&A Deals along with first-hand industry insights. The participants will be awarded a ‘Certificate of Participation’ for the workshop.

Slot 3: Face Off

Face Off is a showdown between a stalwart speaker and a panel of students from the college. Mr.V.S. Sundaresan, Chief General Manager, SEBI will interact with a student panel on some interesting but contentious topics, utility of which is hugely debated when it comes to practice Vs theory.

The Quizzing Challenge

This will be a Two- Phased online quizzing challenge focused on the financial world where prizes will be awarded to the colleges that get the highest scores at the end of the challenge. Being a two-phased quiz competition, it will see only the best make it to the top and the league rankings. It will generate inter-college competition of a new dimension and will see participants from all over India.

Check out more details at-

Website: http://finomina.iimu.ac.in/arthsamvaad/arth-samvaad-15/

FB page: https://www.facebook.com/FinominaIIMU

Twitter: https://twitter.com/Finomina_IIMU

Mail: finomina@iimu.ac.in

Success mantra shared by Mr. Raghuttama Rao at IIM Udaipur

It is always a sense of great joy and excitement when students of IIM Udaipur meet an eminent business personality. Preserving the legacy of industry interaction, the students of IIMU had the privilege of having Mr. Raghuttama Rao CEO & Managing Director at ICRA Management Consulting on campus.

1487323_776108022452198_2333536330710525040_n Picture Source : MMA, Chennai

Mr. Rao started his excellent career with undergraduate from IIT Madras; post which he did his MBA from IIM Ahmedabad. He was a Fulbright Scholar at Carnegie Mellon University Pittsburgh, USA where he gained proficiency in Cost Accounting. Being a member of ICRA’s start-up team, Mr. Rao has contributed to developing many areas of ICRA’s business, including Credit Rating, Management Consulting, and Research. He has served on ICRA’s Rating Committee for about ten years and has experience across several sectors, including infrastructure, banking/finance, structured finance, manufacturing, and energy.

Sharing his experience, Mr. Rao first emphasized the importance of economics and accounting in finance. He said that most students and even industry experts in finance domain lack the conceptual understanding of accounting and economics and hence are unable to deal with unprecedented scenarios. He recalled the amount of struggle he faced while learning cost accounting but said that the hard work paid off in the end.

Mr. Rao explained that the students should come to know their strengths and weaknesses in deciding the career path. He stressed on focusing on those streams that fit with what the students are good at, and what they really enjoy doing. Hence, in terms of consulting, Mr. Rao asked the students to ponder upon two fundamental questions: “What is Consulting?” and “Am I fit for it?” before joining the field in the first place. He also explained that consulting is as much about people skills as it is about analytics. Exclaiming that at the heart of consulting is marketing; he said that communication skills, both verbal and written, are essential to the domain. He mentioned that though multi-domain knowledge is helpful in consulting, one should try to have an expert level knowledge about one or two fields and that one should be used to unprecedented situations as consulting usually presents with unstructured problems.

Accentuating on maintaining health, Mr. Rao said that one should always maintain a balance between money and fitness. In addition, he said that one should use this time in MBA to read as much as possible about many streams and decide which way to go. He also said that one should dig deep inside and figure out the right reason for pursuing entrepreneurship and exclaimed that in entrepreneurship, one has many bosses.

After the session, he was asked numerous questions by students ranging from how to prepare for the summer internship to the importance of certificates for various streams. The students of IIM Udaipur are glad and thankful they had the privilege of meeting Mr. Raghuttama Rao and get an insight into consulting, finance and entrepreneurship.

Fin Talk 5.0 organized at IIM Udaipur!

The placements season is ON and amidst that FinominaThe Finance Club of IIM Udaipur hosted Fin Talk 5.0 which is a series of guest lectures delivered by Industry Stalwarts. The session was graced by the presence of Mr. Sandip Sabharwal, a renowned Financial Advisor and Ex-CEO Portfolio Management Services, Prabhudas Lilladher Pvt. Ltd.

182423_454820771254513_1460264628_n

The session focused on workshop based exchange of knowledge on the topics such as trading, stock, commodities and currency markets. With the current trend of volatility in Indian market, there is always risk associated with the investments made by the retail investors and others. Hence is the need of convenient Fundamental and Technical Analysis. The students, in high numbers, gathered to avail the golden opportunity of learning the skills of differentiating from investors who base their investment decision on intuition.

DSC_0047

The discussion revolved around the topics like Technical Analysis using chart patterns, trend lines, supports, resistances, double top and triple top with important consideration to Fundamental Analysis.

Quoting the words of wisdom straight from the one of the best in the business-

“While trading it is imperative to make fundamental analysis.”

“It is very difficult to value firms belonging to new sectors like e-commerce and social networks and thus is very volatile in the market.”

“Stock Price is not real; it’s just the trading price in the market.”

Sessions by industry experts are an integral part of the education at IIM Udaipur. As the business world evolves, the institution strives to keep itself abreast with the pace and the changing trends of the corporate environment. Such initiatives provide a platform to discuss the subject and share the knowledge that is most relevant to the current market and future trends.

Things which differentiate IIM Udaipur – Live Projects!

IIM Udaipur follows the pedagogy of learning by doing. And the approach of inculcating of live industry projects into the curriculum provides a right mix of practical exposure to the students. Orchestrated by Consult-UThe Consulting Club of IIMU at the helm and coordinated by other clubs, SakshamThe Entrepreneurship Club of IIMUFinominaThe Finance Club of IIMU and MarClanThe Marketing Club of IIMU, the projects are sought from industries. The projects are then awarded to the students and the entire process is managed by students to ensure that the opportunities are accessed by all.

Project teams comprise of students from both the years and faculties are involved to mentor the projects execution. The projects help in establishing mutually beneficial relationships between the industries seeking young and innovative people with fresh perspective on management, and students who get to hone their classroom learnings and insights by blending them with real life business challenges. IIMU’s commitment to excellence and quality is assured in the projects deliveries through a carefully planned process comprising of initial briefing, mid-term review, periodic checks and final conclusion with the focus on advantages sought from the projects.

The diversity of the projects portfolio makes sure that students get hands-on experience on all the management verticals, company domains and business functions viz., finance, marketing, research, consulting, human resources, operations, IT, analytics and systems and even in drives like energy saving. Students of IIMU have been associated with and done projects with organizations primarily operational in healthcare, mining, food, hospitality, manufacturing, e-commerce among other sectors and with NGOs. The projects aid students to take up initiatives and learn the concepts by application helping in their sound development.

IIM Udaipur invites applications for Management Development Programme for Women Entrepreneurs – 2014

IIM Udaipur is pleased to invite applications for the Management Development Programme (MDP) for Women Entrepreneurs, 2014. This MDP organized by the Centre for Entrepreneurship and Innovation (CEI)Indian Institute of Management, Udaipur is a four-week academic workshop to be conducted from April 21 to May 15, 2014.

womnemp1 (1)

Vision

In an effort to encourage, empower and educate potential women entrepreneurs to create their own business or social enterprise as well as to enable women entrepreneurs to grow their existing enterprises, CEI conducts a Management Development Programme for Women Entrepreneurs at the IIMU campus.

womnemp

For Whom

This programme specifically designed for current and aspiring women entrepreneurs focuses on enabling them to identify viable business opportunities and develop a feasible and sustainable plan for their proposed or existing enterprises.

mdp_Image

The program has sessions covering all areas of practical relevance to entrepreneurs including Entrepreneurial Orientation, Business Planning, Economic Environment, Business Economics, Industry Analysis, Business Strategy, Product Development, Marketing, Sales, Services Marketing, Product Management, Operations & Supply Chain Management, Accounting, Costing, Working Capital Management, Pricing, Finance, Banking, Budgeting, Managing People, Law, Taxation, Communication, Negotiation and Networking. This will be supplemented with site visits and interaction with successful women entrepreneurs and panel discussions on entrepreneurship.

Last Date for Registration

Nominations should reach latest by April 3, 2014.

Address

Indian Institute of Management, Udaipur
Polymer Science Building
MLSU Campus
Udaipur – 313001
Rajasthan

Duration

The programme will be inaugurated on Monday, April 21, 2014 at 9:30 am. Classes will be held from April 21 to May 15, 2014.

Further details of the programme, application procedure and forms are available at: http://www.iimu.ac.in/programs/mdp-for-women-entrepreneurs-2014.html

IIM Udaipur releases Summer Placement Report for the Batch 2013-15

Indian Institute of Management, Udaipur, takes great honor in announcing the successful completion of the Summer Placements 2013-14. The institute once again takes pride in 100% summer placements in spite of 11% increase in batch size. This season saw participation of several reputed organizations across various sectors such as Banking, Financial Services and Insurance (BFSI), FMCG, Consulting, E-Commerce, Pharmaceutical / Healthcare, Retail, Energy and Conglomerates among others. BFSI emerged as the largest sector making offers to 25% of the batch.

1

IIM Udaipur witnessed participation from a total of 56 companies, marking a 22% increase over the previous year in the Summer Placement process for the 110 students of the Post Graduate Programme (PGP) 2013-2015. This year saw many prominent brands visiting the campus for the first time, a few names being Aegis Global Ltd., Boston Consulting Group, Cummins, Future Group, Dover Corporation, Marico, Maersk Line, Sundaram Mutual, Talisma and many more. This strongly reflects the rising distinction of the institute and the increasing value of its talent in the industry. Several past recruiters like GE India, ICICI Bank, ICRA, KPMG, Infoedge India (naukri.com), Mapro, Xpress Money, UAE Exchange, Vedanta and others have continued to show confidence in the quality of the students and the management education imparted. With the varied professional and educational diversity of the batch, students have been offered with a variety of profiles like Finance, Marketing, Consulting, Operations, IT/Analytics and HR. Various profiles of Business Development, Strategy design and execution have been provided by different start-ups.

Placement Statistics

Also, the institute is the first B-school from India to partner with the prestigious Global Business Project consortium through which selected students get an opportunity to work with the very best management graduates from a set of 12 global universities namely UNC-Chapel Hill, Columbia, George Washington University, Lingnan College, Miami, Maryland, Purdue, Pittsburgh, San Diego State, the University of Connecticut, and University of Wisconsin & UNISINOS. The project will provide the students with an opportunity to work with top global companies who recruit MBAs as well as with fellow MBAs from different backgrounds, countries and culture. Three of our students will be working for clients HPCL, Eli Lilly and Handwriting Without Tears in consulting projects which will help them gain an international business experience complementary to the academics.

IIM Udaipur believes in doing things differently and focuses on maximizing the utility of the summer internship program. The students have been selected to work for Trunz Water Systems, a Switzerland based firm on a project that will be completely handled by the students and they will carry out the commercial-feasibility analysis. The students will get an opportunity to work in collaboration with the students from the University of St. Gallen, thus giving them exposure of working with a global team and analyzing from a global perspective.

IIMU is one of the few institutes in India which follow IPRS Reporting Standards for placement reports. An unaudited detailed report of the placements can be found at: http://www.iimu.ac.in/images/pdf/iimu_summer_placement%20report_2013-15.pdf.

The audited report of the placements will be shared soon. Other communications regarding the placements can be found at: http://www.iimu.ac.in/corporate/placements/placement-report.html.

Bombay Stock Exchange CEO presides over 4th edition of FinTalk at IIMU

FinominaThe Finance Club of IIM Udaipur organized the 4th edition of FinTalk on 1st February, 2014. The session was presided over by Mr. Ashish Chauhan, CEO & MD, Bombay Stock Exchange. Mr. Chauhan is an IIT Bombay and IIM Calcutta alumnus and he is one of the pioneers of the modern trading markets of India. His journey has seen multiple career dimensions encompassing strategy, finance, marketing, operations, policies, microstructure, information technology, organized retail, telecommunications, Indian social issues and cricket growing along with the growth of the financial market and economy of India.

image

Popularly known as the father of modern financial derivatives in India, Mr. Chauhan spoke in lengths about his stay at IIMC and his work with IDBI. He shared the challenges he faced being a part of the core team that founded NSE and the regulatory norms in the business set by SEBI, FICCI and CII of which he is an eminent board member. Quoting “Life is very random”, Mr. Chauhan spoke of how things at NSE led him to the role of CIO at Reliance Communications and later as the President & Group CIO of Reliance Industries Ltd.

Mr. Chauhan laid stress on the importance of proper execution and how good strategy coupled with proper execution can work out wonders. He related this with his tenure as the CEO of Mumbai Indians. He also discussed about the strategies adopted at the BSE and competitive advantage in its rivalry with NSE. He explained students about the intricacies of the trading business and how good strategies fail when traders start believing in their bluff, thus explaining the students about the need of sound judgmental skills in making business decisions.

fintalkashish3

He also laid importance on the use of sophisticated technologies and new trends like Algo Trading in business because speed and fast information flow form the essence of effective and competitive business practices. He mentioned the examples of failure of over the counter exchange and how modern trends have significantly changed the ATMs, Liquidity, Derivatives, Nifty, Futures, Options and Forwards in the market.

The sessions turned out to be extremely informative and engaging as it was full of anecdotes from real life experiences which he interspersed in his talk. Mr. Chauhan also urged the students to develop entrepreneurial skills and to contribute to the society in any way they can.

image (1)

The student community was present in large numbers during the session to learn from such an experienced member of the industry. The objectives of such sessions conducted by Finomina and other clubs & committees at IIMU are not only to learn about the industry that the speakers represent but also to form relationships with them and with their companies for collaboration in designing academic curriculum and other activities on campus.

IRISThe Photography Club of IIM Udaipur helped in coverage of the event.