Iim Ranchi Once Again Hosted Tedx Collaboration with Ccl Mdp On

Vol. 2, No. 04, April 2013

ConvoCation 2013

MdP on sUPPlY Chain iiM RanChi onCe CollaboRation ManageMent again hosted tedx with CCl

Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion. - Jack Welch

From the Editorial Board ...... 2 From the Convocation 2013 ...... 3 MDP on Supply Chain Management ...... 8 editorial Board

Publications ...... 10 Ralph Waldo emerson an Conferences, seminars, workshops attended ...... 12 Janaki Jagan American essayist once said, cooRDInAtoR “Do not go where the path may Activities ...... 13 lead; go instead where there is no Idea partner for ODI path and leave a trail”, that was CCL for Barefoot program E-Cell the convocation message to the TEDx graduating batch. the message MohaMMed thanveeR Spin a Yarn of loyalty and honesty is more PGDM (2012-14) Students’ Achievements important than the lessons learnt about balance sheets, Placements : Summer & Final ...... 23 positioning or supply chain to a

contents Farewell ...... 29 generation that is the product of Awards...... 30 the liberalized era. IIM Ranchi’s Megha PRanesh 2nd batch passed out with flying PGDHRM (2012-14) Director’s Diary ...... 31 colours. the atmosphere of Collage confidence and happiness was mingled with sad departures and good-byes. gURteJ singh ChoPRa PGDM (2012-14) the outgoing batch passed out with a great sense of achievement due to the stellar placements that the institute was able to achieve; many gaURav veRMa companies had offered lucrative PGDM (2012-14) profiles to the students. With the aim of being a unique management institute and the different value proposition it offers to students, IIM Ranchi is sure to revolutionize the management education. We wish the next generation of managers who are just about to get very busy with their rigourous summer internships “all the very best”.

Hoping that the future leaders of this institute will traverse a path that no one has travelled and will

2 leave a trail for the rest of the country to follow.

conVocAtIon 2013

conVocAtIon 2013 IIM Ranchi’s 2nd Convocation was held on Monday, March 4, 2013 at the Aryabhatta Auditorium of Ranchi University. The programme started with Ganesh Vandana.

ltogether 125 students were given by the chief Guest. PgdM 2011-13 batch graduated. 66 from PGDM Mr R c Bhargava, the chairman, Anup K John received the Gold (Post Graduate Diploma in Board of Governors, IIM Ranchi Medal being the 1st ranker in the Management) and 59 from and also chairman Maruti suzuki batch of PGDM. Mudit Kumar Jain PGeXPA (Post Graduate Programme Udyog Limited, welcomed the chief was the recipient of the Gold Medal in Management for executives). Guest and delivered the presidential as Best outgoing student and silver the chief Guest for the address. In his presidential address Medal for being 2nd ranker of convocation was Padma shri B he urged faculty members to PGDM batch. Ranjith Kumar Reddy 3 Muthuraman, Vice chairman, tata reassess the teaching methods. Illuru and Mr Avishek Basu Mallick

steel. the gold and silver medals were given the Gold Medals for

Best summer Project in Finance and Marketing Area respectively. Appreciation certificates towards Institution building were given to Ashish Mishra, Hanu Prateek Kunduru, R Vishal, Rachit Kumar sharma, sri Raghava Kiran Mukku and sunny sumanshu.

PgdeXP 2011-13 batch Alok Kumar singh was the recipient of Gold Medal for his 1st rank and Rajeev Kumar Gupta was adjudged the Best outgoing student and 4 received the Gold Medal. chander Mohan chugh received the

silver Medal as 2nd ranker in

the batch. Dhiraj Kumar, Rajesh & PGeXP students. sharma, Pradeep Kumar & Anupam Mr Muthuraman in his Mohan were acknowledged with convocation Address said India is certificates for the best project likely to emerge as a superpower work in Finance, HR, Marketing & within four decades but a few operations Area respectively. challenges, foremost being social Appreciation certificates towards inequality, stood as hurdles. He Institution building were given advised the students to be ready to Debashish Roy, Dhananjay to serve and help people. He also Kumar, Manoj K Khadia, nivedita stressed and said, “Life is not Roy, Praveen Kumar Mishra, a 100-meter race, it is rather a sanjay Kumar Mishra and santosh marathon”. therefore, he told the Kumar satapathy. students to develop the stamina of the chairman, Board of a marathon runner. He said, “we Governors, IIM Ranchi, Mr often tend to forget that society is 5 R c Bhargava distributed the an important stakeholder in any

diplomas to successful PGDM venture and economic equality and

progress is dependent on social of success or failures. MBA education in India – “India’s equality. those who are good to Dr M J Xavier, Director of the education system is poor in people need to be appreciated,” Institute in his report mentioned quality and produces `functional he added. that MBA education in India was illiterates”. the term `functional Mr Muthuraman also busted the at crossroads. He observed that illiteracy’ refers to inadequate myth that marks scored in exams campus recruitment had gone reading and writing skills that are a pointer to knowledge gained. down by 40 per cent over the last leave a person unable to effectively He explained that an individual four years, 180 B-schools had manage any employment task. reaps only 30 per cent of his learning closed down in 2012 and another Dr Pradip Kumar Bala, from educational institutions, 180 were expected to follow suit. chairperson, PGDM delivered the gleaning the rest through traits He also quoted the Unesco vote of thanks. such as decisiveness and handling Director’s recent comment about

conVocAtIon 2013

MDP PRoGRAMMe

Receving the Chief Guest, Shri Dhirendra Kumar, MD Jharcraft, Ranchi

MDP on sUPPLY cHAIn MAnAGeMent IIM Ranchi organized a Management Development Programme (MDP) on Supply Chain Management.

he coordinators for finance and accounts. and emphasized that they must be the programme were the programme on March 17th trained with the best of tools and Prof. Amit sachan, IIM 2013 was inaugurated by shri technqiues to serve society better. Ranchi and Professor Dhirendra Kumar (IFs), Managing Prof. Lall delivered the first day tVinod Lall; Ph.D, cscP, Professor Director of Jharcraft. He explained of the programme and sessions of operations Management and how the organization has grown were on Introduction to scM, supply chain Management, school multi-fold in five years to become Demand forecasting, supply chain of Business, Minnesota state a Rs. 100 crore revenue company. Drivers and Facility Management. University Moorhead, Moorhead, According to him, the focus has Prof. chandrasekaran, Adjunct Mn, UsA. Participants were been socially oriented towards Faculty in Loyola Institute of from Jharcraft, a Jharkhand state providing gainful employment Business Administration, chennai Government undertaking and to rural people of Jharkhand and delivered sessions on Day 2 from Honeywell Automation India produce products par excellence. covering Inventory Management, Ltd, Pune. Jharcraft participants the prices could be premium and transportation Management, were from multiple disciplines must commensurate with quality. Information and supply chain 8 such as sales, designers, product He was categorical in mentioning Risk Management. Participants specialists, cluster coordinators, that his colleagues contributed were enthusiastic and discussed

administration and secretarial, to the success of the organization a number of real life situations.

MDP PRoGRAMMe

It is very heartening to note that such a programme can be blended for both, profit and non-profit organizations. the complexity of multiple sKUs (running into thousands) in categories like art and craft models products produced by artisans, handlooms, silk, paintings and so on made the participants relate the importance of supply chain orientation to serve customers better and be of high value to the needy strata of society who produces these products. Participants related the tools and techniques to their business and made interesting observations and presentations relating to their work. this offering was an important step in designing and delivering MDPs for organizations that develop socially responsible 9 models and also articulate research

and training for the sector.

PUBLIcAtIons Classification BasedForecasting forImprovedInventoryManagement Dr PradipK.Bala training andDevelopment2013(Pp.376-383), for society Indian organizations”, published Buildingfor cutting edge in“capability chapter Books, by excel Boundary StrategiesandWorkFamilyInterface Dr MousumiPadhi Classification BasedForecastingforImprovedInventoryManagement Perseverance andHardWork, Value Education, (pp. 17-32) thamizhvanan) JournalofIndianBusinessResearch,(co-author: ProfArun no. Vol.5 1,2013 Determinants ofcustomers’onlinepurchaseintention-anempiricalstudyinIndia, Tablets BattlingFacultyShortageinIndia, Jan.22,2013. Management MeinCareerKeLiyeKuchBateinJaruri(Mantra-6), IIMs havetoreinventthemselves, Business foraCause, Solving FunctionalLiteracyinIndia, Dr MJXavier (International) 2012(co-authors suman, summer smit equity, Journal ofPrivate sharan), suvansh A ReviewofResearchMethodologiesinPrivateEquity:2005-2011, Dr Amit sachan Management, March,2013 (co-author: ProfMJXavier),InternationalJournalofstrategic Management,Mar.2013 InternationalJournalofstrategic K Bala), Putting RailwaysonProfitTrack titled op-ed nandy Dr Amarendu Taxing theRich-FocusonGSTandDTCFirst, Ranchi Lifestyle, Mar.2013(Pp.14-17) RanchiLifestyle, India now Dec.Jan.2013 column in Ranchi Lifestyle, Mar.2013(Pg.17) inRanchiLifestyle, column (co-author: Prof n sivasankaran) BusinessLine,Mar.2013. n sivasankaran) (co-author: Prof education Insider,Jan.2013. education edutech, Dec.2012. edutech, DigitalLearning,Feb.2013. (co-author: Prof snigdha Pattnaik),Book snigdha (co-author: Prof Financial express, Jan.l7,2013(Pg.6) Financial express,

Prabhat Khabar,

(co-author: ProfPradip

PUBLIcAtIons

Dr n. sivasankaran

Understanding Discounted Cash Flows (co-author Prof Vlkas srivastava) the Hindu, Business Line, oct. 2012. For Financial Well-being in 2013 & Ahead, Financial express, Jan. 2013. YTM Method to Calculate Pre-Tax Return on Deposit, (co-author Prof Vikas srivastava) Financial express, Jan 2013. Making a Trade off between Current and Future Needs, Financial express, Jan 2013. Cut Expenses for Permanent Parking Spot in The Safety Zone, Financial express, Feb. 2013. Putting Railways on Profit Track, (co-author: Prof Amarendu nandy) Business Line, Mar.2013. Common- Size Statement for Monitoring Wealth Creation, Financial express, Mar.2013 Ways to Build Positive Credit Score for Financial Assistance, Financial express, Mar.2013

Dr sasadhar Bera

Studying Financial Inclusion in North-East India (co-authors Disha Bhanot, Prof Varadraj Bapat), International Journal of Bank Marketing for the Financial services sector, Vol. 30, no.6, 2012.

Dr tanusree Dutta

Spiritual Intelligence at the Workplace (co-authors: Bhatia, n., srivastava, U., & Kumar, s. In conference proceedings titled High-tech people. high-touch H.R. Are we missing the humane touch (editors: chatterjee, D., Dhal, M., & Pati, s.P.) Pgs 181-189. conference on HR summit organized by IIM Kozhikode (Feb.8-10, 2013)

Dr Vikas srivastava

Understanding Discounted Cash Flows (co-author Prof n sivasankaran) the Hindu, Business Line, oct. 2012. Telecom Sector Financing in India: Case Study of Bombay Communication Limited, Journal of Applied Finance, Issn2229-6891, nov. 2012. YTM Method to Calculate Pre-Ta:x Return on Deposit (co-author Prof n sivasankaran), Financial express, Jan. 2013.

Dr Amit sachan

Integrating Customer Preferences, Organization Strategy and Resources, Lambert Academic Publishing (2013), IsBn 978-3-8443-2289-7. 11

BOOKS

Institute of Public enterprises, Hyderabad on (Jan.30-31, 2013). (Jan.30-31, on Hyderabad enterprises, Public of Institute Management in Banking, Insurance and Financial services organized by by organized services Financial and Insurance Banking, in Management

Infrastructure Financing by Indian Banks” Banks” Indian by Financing Infrastructure in the conference on Risk Risk on conference the in

“Project Finance and Risk Management in in Management Risk and Finance “Project titled paper a Presented

Prof Vikas srivastava Vikas Prof Institute, Kolkata (Feb.21-23, 2013). (Feb.21-23, Kolkata Institute,

organized by sQc & oR Unit of Indian statistical statistical Indian of Unit oR & sQc by organized Applications”

“Data Mining and its Industrial Industrial its and Mining “Data Workshop a Attended

Prof sasadhar Bera sasadhar Prof

IIM Bangalore (Jan.6–8, 2013). 2013). (Jan.6–8, Bangalore IIM

Publishing, in partnership with the case Research society of India, at at India, of society Research case the with partnership in Publishing,

organized by Harvard Business Business Harvard by organized Leadership” Discussion of Craft and

Attended a workshop on on workshop a Attended Case Teaching & Case Writing on theme “Art “Art theme on Writing Case & Teaching Case

Bangalore (Jan.6-9. 2012). (Jan.6-9. Bangalore

at the 10th AIMs International conference on Management at IIM IIM at Management on conference International AIMs 10th the at

Presented a paper titled titled paper a Presented Interface” Family Work in Congruence of “Role

Prof Mousumi Padhi Mousumi Prof

India, at IIM Bangalore (Jan.6–8, 2013). 2013). (Jan.6–8, Bangalore IIM at India, Business Publishing, in partnership with the case Research society of of society Research case the with partnership in Publishing, Business

organized by Harvard Harvard by organized Leadership” Discussion of Craft and “Art

Case Teaching & Case Writing on theme theme on Writing Case & Teaching Case on workshop a Attended

Prof Amit sachan Amit Prof

AnD WoRKsHoPs AttenDeD WoRKsHoPs AnD conFeRences, seMInARs seMInARs conFeRences,

ActIVItIes IIM-RAncHI IDeA PARtneR oF tHe oDI

he prestigious Indian Institute of Management Ranchi (IIM-R) joined hands with Jharkhand state cricket IIM-R was the Idea partner for the ODI. Association (JscA) towards the organization of India- We helped them in making the first ODI england oDI match. the collaborative effort was the in Ranchi a majestic event. We organized braint child of the inspiring and astute leader of JscA, shri the following events, Amitabh choudhary and the enigmatic Director of IIM-Ranchi, Launched social media marketing in all Dr. M. J. Xavier. the major online portals the first international match in M. s. Dhoni’s home ‘Win one ticket per day’ quiz which town in January saw active participation and unique ideas went viral from students of IIM Ranchi at work. the India-england the first ever Flash Mob in the history oDI match took place on January 19, 2013 at the newly of Ranchi built Jharkhand state cricket Association (JscA) stadium. Road show in association with Hero the students were involved in branding, logistic support, Moto corp optimization of the parking space, crowd management and count down timer for the match 13

media management.

ActIVItIes

support from lIM Ranchi

training aids, such as films and case study materials.

Faculty for imparting training and evaluation.

train the master trainers.

Award every participant with a certificate on successful completion of the programme.

Handholding for one year period.

collaboration support from ccL Infrastructure for imparting training as available in their with central vocational training centres. Vtos will coordinate with IIM faculty for operational arrange- coalfields Ltd. ments at the site. HR department will jointly he Barefoot Manager a 5-day period using audio-video plan and implement the entire Programme was tools and group activities. project. inaugurated on January At the end of the programme, 29, 2013 at the premises IIM Ranchi will organize loan melas tof central coalfields Ltd., Ranchi by banks like nABARD and other can set up microenterprises in to offer training programmes micro lending institutions. IIM piggery, goatery, fishery, poultry, for bringing about social Ranchi will also do the handholding eatery, grocery, lac cultivation transformation among school- for the groups for a period of etc. they learn to perform their dropouts in the country. one year. livelihood activities better and For this purpose, IIM Ranchi Unlike the formal education to get better returns for their developed a pedagogically programmes the Barefoot Manager produce by understanding unique rural entrepreneurship & Programme will retain people packaging, pricing and the livelihood programme targeted at in their rural settings and help supply chain concepts. these the school drop-outs and illiterates them contribute to the regional certified Barefoot Managers can be 14 of eastern India. the entire development. People who have a great source of economic growth to

programme will be delivered over gone through this programme the region.

ActIVItIes e-cell he entrepreneurship club of IIM Ranchi organized a one-day workshop on entrepreneurship for the students on 5th Feb 2013. the workshop was organized to developt and hone the entrepreneurial skills of the students.

the workshop was conducted by Prof. Radha Iyer. she is a certified mentor in the field of entrepreneurship by London Business school, Goldman sachs, national entrepreneurship network, I.s.B., IIM-A etc. she has won a number of awards including the stanford technology Ventures Programme, Vittal Mallya Faculty fellowship etc. she has a start-up of her own and presently teaches entrepreneurship and HR.

the workshop was designed to make the students Prof. Radha Iyer understand the basic nuances of entrepreneurial activities. It included topics like understanding the nuances of the B-Plan and how to write a crisp B-Plan, feasibility analysis of B-Plans, how to do business modelling as well as the ways of developing effective pitches to investors.

the workshop got great response from the students. they participated with lot of enthusiasm in this workshop and gained loads of valuable knowledge. the workshop, mentor and the workshop content garnered lots of positive feedback from the attendees.

ActIVItIes

teDx ontinuing the spirit of teDx, IIM Ranchi once again hosted teDx IIM RAncHI highlighting the achievements of people from various walks of life who chose to pursue their dreams diligently in spite of thec vagaries and difficulties life threw at them. the event was conducted on 3rd Feb 2013 at hotel Radisson Blu, the theme of the event was “DReAM DARe Do”. It witnessed a conglomeration of 14 speakers from diverse fields and a multitude of dignitaries from in and around Ranchi who attended the event. the teD talks provided a valuable insight into various challenges faced by people and their ideas of emerging victorious. Madhulika s

16 emphasized on quality education through social engagements

ActIVItIes

and learning through innovative techniques like origami, poetry and art. she has to her account 650 donors who visit existing schools and bridge the gap between conventional and unconventional modes of learning. captain navin Gulia, paralyzed waist down, who cut short his army career to start a centre for street children called Aashiyan ADAA shared his ideas as to how meeting new people can be similar to living new lives. He talked about his firm belief in the absence of quick fix solutions and how a state of permanent happiness is the key to success. While Dr. subroto Das, on the other hand, sketched the emergence of his eMs “Lifeline” to his personal experience of meeting an accident on a rainy night back in 1999. He focussed on the value of life being impeccable and his deep regrets to the mounting number of highway accidents. Moving from the power of real life experiences to the power of rumours Rahul Roushan – the man behind Faking news stressed on not following borrowed dreams and doing away with the fear of failure. Mr. Amitabh chaudhary, the man behind propagating the spirit of cricket in Ranchi talked about his mounting failures and in coming up with a world renowned stadium in the state of Jharkhand. He expressed his deep indebtedness to the ones who revolt, for they are the ones who lead you to real success. Mr Anshu Gupta, the founder of Goonj, echoed his concerns regarding how, for some, a basic need becomes a luxury. While Mr Gupta talked about one reason behind death being the winter chill, Mr sandeep Maheshwari talked about the other being obesity. He revealed his fight against the biggest killer of the world and how conviction and determination can help lead a happy life. Mr nand Lal nayak described his life journey from being a boy running along rail tracks to a man full of passion and his endeavour in inculcating Jharkhand culture and 17 traditions. Mr Faith Gonsalves talked about the power of music

in bringing life to the destitute, who have aspirations as one of

ActIVItIes

the most powerful tools of upward closer home, Mr Manish Kumar Mr Ahdaf soueif expressed her mobility. Music, according to the founder of Farms and Farmers belief in music , dance and creativity cnn IBn “Real Heroes” award talked about bringing technology to which can bring about peace. recipient gives a voice to people’s farming across 5 districts of Bihar. she referred to India as being the aspirations. Moving to the field of He identified the nature of great country of contrasts and and how information technology, Mr R n undertakings as being perennially the dynamic environment should Prasad, the former head of business characterised by obstacles. the exhibit freedom of expression. intelligence and analytics division thought Inspiring talks were Mr santosh sharma discussed at InFosYs brought home the interspersed by an enthralling about a much talked about idea of Data. In his words, today is and brilliant performance by a phenomenon “Dissolving the the era of multiple responsibilities Bangalore based band “thermal box” which criticizes slavery and 18 where data education combined and a Quarter” which was a emphasizes on the passion to follow with contextual information can musical tribute to the co existence your dreams. He also talked about

lead to smart decision making. of bipolar extremities in India. the lifestyle model devised by him

ActIVItIes

to eradicate the major problems organized in association with the of India. Last but not the least, Jharkhand Police, central Bank, Mr tejas Modak talked about the Jharkraft, Mecon Ltd, and Parle, to power of stories and comics that name a few. the event hosted by make sad things a little less sad and Ms Ira trivedi a renowned author happy stories happier. who elegantly convened the event, the event was attended by an was a platform for the infusion as array of key personnel ranging well as discussion of various ideas from Justice Vkiramaditya Prasad, based on the theme of Dream DIG Lakhra, IG Anurag Gupta to Dare Do. the event altogether was corporate heads from business an excellent initiative by houses like Mecon Ltd, sail Ltd, IIM Ranchi towards spreading 19 Aditya Birla Group, Jharkraft new ideas and accomplishing

and Reliance. the event was identified goals.

stUDents’ AcHIeVeMents otHeR eVents AnD AcHIeVeMents Finance club Marketing club the finance club organised an article writing competition “Finscribe” in Magazine - Marquess Quarterly which teams comprising 2 students and the Marcase - case study event. participated from around 40 top B schools of India. the articles were Marquess Quarterly evaluated by a faculty panel. Marquess rolled out the first edition of it’s quarterly magazine Marquess Quarterly in January’13 covering topics like rural marketing, strategic marketing, technology marketing and others. the central theme of the first edition was Rural Marketing, which covered various articles

abilasha bhatt avinash ghodake about the hinterland along with other articles. Literary An interview with an alumnus working in the corporate was also committee featured to give insights about the industry.

the literary committee Marcase orgainsed a short story writing the event was conducted in the month of Feb-March’13, which saw competition called ‘spin a participation from around 160 teams (320 participants) comprising Yarn’. this was done to stimulate IIMs and other top B-schools. creative and imaginative minds It had two rounds, the preliminary round having 2 mini case-lets. of the students. the winners the second round had a detailed case analysis on 2-wheeler industry. were Abhilasha Bhatt and WInneR was VAnGeLIs- IMt Ghaziabad Avinash Ghodake. RUNNER UP TEAM was INCEPTION, Delhi School of Economics

Group operations club Participants -650 iiMs(a,C,i,l, trichy, Raipur), Achievement organized session on JbiMs, FMs, nitie etc. “Project Management” by winners : team of Akshat Gupta, Megha Prof. s. Kalyanraman team 1 : Quantum Leaps Pranesh and Pallavi Venkatesan oPAL: Inter-college Quiz and College : MDI Gurgaon from PGDHRM 2012-14 reached case-study competition team 2 : Last Man standing 20 final round of srijan HR competition organized College : sJsoM,IIt B held by tIss and represented IIM team 3 : Paradox Ranchi at the national Level.

College : IMt Ghaziabad

stUDents’ AcHIeVeMents

Individual Achievements Group Achievements Rahul gupta and Ravi babu veshala the following students were selected as regional finalists Rahul Gupta and Ravi Babu Veshala of PGDM for hult international 2012-14 successfully cleared cFA Level 1. the cFA Prize Competition and Program is a globally recognized, graduate level visited Dubai to participate Rahul gupta curriculum that provides a strong foundation in the same. of real-world investment analysis and portfolio management skills along with the practical team members: knowledge you need in today’s investment industry. 1. anshuman bharati 2. Rohit agarwal Ravi babu veshala 3. shobhit saxena Pragya Priyadarshini 4. nitansh Platia she got selected as campus ambassador for ideasmakemarket.com. It is one of the finest 5. Pulkit bohra business blogs. she wrote articles on a monthly basis and was required to nominate a successor they were among the top Pragya Priyadarshini for the next campus ambassador after her MBA 250 teams (top 50 in the completion. Dubai region) selected for the same out of over 10,000 participants from over 350 nitansh Platia colleges and nearly 150 countries. campus Winner and one of the 9 finalists in olympus’13, the flagship event of Intaglio at IIMc. the Hult Prize is a start-up accelerator for social good. In partnership with President nitansh Platia clinton and the clinton Global Initiative, the Hult Prize has created the world’s nipun bansal largest student movement for social impact. Winner of Brand-Aid which was one of the events of techno-Management Fest, tecHneX, IIt(BHU)- Varanasi. It was a Marketing case-study event that required students to provide sustainable solutions nipun bansal for real life problems in marketing and branding. Jabong.com was the sponsor. Won the Indian case challenge, a case study competition of IIt KGP in which 450 teams participated from across India. It was an Itc 21

sponsored event.

stUDents’ AcHIeVeMents

IntAGLIo 2013

nipun bansal, s vijay kumar and R venkatesh kumar PGDM (2012-14) students won two Major consulting and Business strategy related Industry sponsored events in the IIM calcutta’s flagship event Intaglio 2013, beating teams from all other IIMs as well as International B-schools. 1. Wizards of Biz (Jan 5, 2013)

270 teams took part. After 2 rounds they were selected for the final campus round, where they topped in both ‘simulation Round’ as well as “Case study Competition” by shell.

2. consulting Knights (Jan 6, 2013)

330 teams took part. After 2 online rounds, they were selected for the final campus round and were declared First in the “case study competition”. Nipun Bansal, S Vijay Kumar and R Venkatesh Kumar First Runner-up in orion 13

case study competition by consulting and Research Undertaking, XLRI , where more than 250 teams from all over the country participated.

cFA InstItUte ReseARcH cHALLenGe (eAst Zone)

A team consisting of amandeep singh, shekhar Modi, Psn vamsi, Rohit thakur and Maneesh gupta (PGDM 2011-13) represented lIM Ranchi in the east Zone round of CFa institute Research Challenge. the event was held on Jan.6, 2013 at Hyatt Regency, saltlake stadium, Kolkata. the cFA Institute Research challenge is a global competition which tests the analytic, valuation, report writing, and presentation skills of university students.

team Members were selected by a written exam conducted by Finance club of IIM Ranchi.

Prof. n. sivasankaran was the faculty mentor for the competition.

During this competition the team prepared the equity Research report for the subject company Mcleod Russel india ltd. and presented the same in the finals.

PLAceMents

Placements 2012-2013

iiM Ranchi completed the placements for the academic year 2012-2013 with a bang. iiM Ranchi, which is already being ranked ahead of the other new iiMs, has emerged as one of the fastest growing b-schools in the country. iiMR received excellent response from the industry and attracted prominent companies from diverse domains for both Final and summer placements. the feedback from the industry was positive, the batch quality and the knowledge displayed by the students amazed the recruiters. students of iiMR have always been able to impress the corporates by their diligence and hard work. Coo from a Uae based firm said, “the impressive attitude of the candidates lured us to recruit from iiM Ranchi in the other verticals as well”. also, fascinated by the skills possessed by the students, Coo of Maruti suzuki india remarked, “the subject knowledge possessed by

the students is amazing”. 23

PLAceMents Summer Placements PGDM 2012-13

IM Ranchi successfully completed the summer placement process that saw participation of 65 companies spread across diverse domains. the third batch of IIM Ranchi was strengthened by the increase in batch size to 154 students. the response from the industry was encouraging, considering the tough economic scenario. this year IIM Ranchi attracted 34 new companies Ito campus. the average package was Rs. 52,000 and the highest package was Rs. 1.70 Lakhs.

Finance

IIMR’s students once again managed to bag diverse finance roles with a plethora of multinational and domestic organizations participating in the process. A private equity firm with UK operations and a boutique investment bank continued their relationship with the institute. this year we had several new recruiters queuing for the best minds in the country, offering roles such as treasury, Mergers & acquisition, corporate Banking, Investment Banking, Asset Management, equity Research, credit Research & Project finance.

PROMINENT RECRUITERS: HSBC, JP Morgan Chase, Societe Generale, ICICI, Yes Bank, Kotak Mahindra, ING Vysya, First Rand

24 Bank, Fullerton Securities, Unicon Securities, IL&FS.

PLAceMents

sales & Marketing sales and marketing domain offered the most number of internships at campus this year. While prominent recruiters reposed their faith in our students, we had first-time recruiters from across various industries. A manufacturer of snowmobiles, AtV, and neighbourhood electric vehicles based out of the Us recruited exclusively from IIM Ranchi. A major international sports retailer and manufacturer offered marketing projects to our students. other niche profiles offered in the domain were sports Management, International Marketing, Brand Management, Retail Management and e-commerce.

PROMINENT RECRUITERS: Reckitt Benckiser, Dabur, Britannia, HCCB, Pidilite, HT Media, GSK Pharma, Becton Dickinson, Biocon, Dun & Bradstreet.

Consulting/analytics

With an objective of becoming a leading institute in the field of Business Analytics, IIM Ranchi signed an MoU with IBM for setting up a Business Analytics lab. A number of Analytics firms offered specialized roles to the students.

PROMINENT RECRUITERS: PwC, Hewlett Packard, IBM, KPMG,Index Advisory, DataWise, IL&FS

operations/gen Management

With the growing importance of operations Management in India, close to 14 per cent of the batch took up offers in this domain. A number of companies offered their coveted General Management and operations roles at the campus reiterating their faith in the quality of the batch. the roles that were offered included Manufacturing operations, Packaging, strategic sourcing, cargo consolidation, Distribution & supply chain Management.

PROMINENT RECRUITERS: HCCB, RPG, JSPL, Hero MotoCorp, Maruti, Blue Star, TCIL, Godfrey Phillips, Royal Orchid Hotels, Jharcraft.

PLAceMents Summer Placements PGDHRM 2012-13

IM Ranchi is the first and the only IIM to start a 2-year Post Graduate Diploma in Human Resource Management (PGDHRM) after assessing the increasing demand of industries for HR professionals. the course has received enthusiastic participation from the industry. A total of 47 offers were made to the pioneer batch that constituted 41 students. All students received paid internships. Isome of the roles offered in the campus were HR consulting, Leadership consulting, strategic staffing, organizational Restructuring, talent Management, Industrial Relations and PMs.

PROMINENT RECRUITERS: Michael Page, RPG, Beckton Dickinson, UB Spirits, Heidrick and Struggles, ABC consultants, HT Media, Mizuho Securities, Maruti, Godfrey Phillips, Escorts, WWF, Berger Paints, IL&FS, Globe Capital, Stanton Chase.

PLAceMents Final Placements 2012-13

onsidering the market slowdown, more jobs were offered than the batch strength. A total of 55 companies participated in the final placement process and extended 74 offers to 65 students. 2 students from the 2nd batch opted out of the placement process, one of the students went on to pursue FPM and the other decided to make his mark in the cbusinewiss world by starting his own venture. nine students were offered PPos/PPIs by top-notch companies. A total of 15 corporate recruiters from the summer internship process last year also partnered with IIMR for Final Placements.

With the increase in the number of students from 43 to 67 this year, numbers of companies also increased significantly. total of 34 new recruiters visited IIMR this year. Highest foreign salary offered was 24 lakhs per annum, while the highest domestic salary offered was 19 lakhs per annum. the average domestic salary stood at 12.4 lakhs per annum. Minimum salary of 7.5 lakhs per annum was offered.

46 % of the profiles offered were from sales and Marketing, 22 % were from finance, 15 % were from General Management and 7% from Analytics. the diverse talent pool of IIM Ranchi attracted almost all the industry sectors including a France based sports retail firm. total of 8 international offers were accepted for roles in Middle east and Malaysia across diverse domains including HR, Finance,

Marketing and consulting. 27

PLAceMents

Finance

Despite the slowdown in financial market IIMR’s students managed to grab 22 % of offers in the finance sector. certain roles were offered exclusively to IIMR among the new IIMs because of the exemplary performance of students in their summer internships. A foreign boutique asset management firm offered roles like Real estate Management Advisory, Asset Management, and Financial controller. Roles offered in finance domain included IB Research, corporate Banking, Retail Product Banking, cards and Liability Products Management, credit Research.

PROMINENT RECRUITERS: J.P. Morgan Chase, Yes Bank, HSBC, Altisource, ICRA, ICICI Bank, ING Vysya

sales & Marketing

IIMR’s students have been performing exceptionally well in sales and Marketing and attracted several top marketing companies’ participation in the final placements. Different roles like sales & Marketing, circulation Marketing, Media Marketing, Rural Marketing, Business Development, e-commerce, Brand Management, Dealer Development, Market Research were offered in sectors like FMcG, Automobile, Pharmaceutical, oil & Gas, Banking, Market Research, consumer Durables and Media.

PROMINENT RECRUITERS: HT Media, Maruti, Eveready Industries, Berger Paints, Ranbaxy, Pidilite, Hero Motocorp, Crompton Greaves, IOCL, Mother Dairy, iCRM, Bisleri.

it & operations

Reassuring the faith in the students of IIMR, big names like Hero Motocorp & KPMG offered roles in strategic sourcing and It consulting. PROMINENT RECRUITERS: Hero Motocorp, KPMG, MuSigma

Consulting & general Management

With 65% of batch having work experience, IIMR attracted roles in consulting and General Management. Indofil offered “executive Assistant to ceo” to the students of IIMR. A major French sporting goods chain offered roles in general management to students with prior work experience. A top pharmaceutical company recruited from IIMR for it’s “Global Leadership Program”.

PROMINENT RECRUITERS: Boston Analytics, Jindal Steel and Power 28

Limited, Formcept, Photon Infotech, TATA Steel.

FAReWeLL

“HAPPY tRAILs to YoU, UntIL We Meet AGAIn”

ife is almost riddled with clichés. some of them we love so much that we don’t include them in that list. some of them are so frustrating and unavoidable that we tolerate them. But certain clichés are there which we believe don’t exist until they hit us one day. one such cliché is departure. Departures are funny beings. some people make Lit look romantic and have invented another cliché to describe it. Here it goes, “every good thing must come to an end”. We often tend to forget, is it because ‘things’ end, that’s why we say it’s for good? or is it the curse of ‘good things’ to face its demise one way or the other like death? can’t say for sure! one such thing happened here in IIM Ranchi - the departure of the 2011-2013 batch.

As always, the civilized world tended to toast off this sad event in a euphemistic manner by throwing in a party. the ceremony was grandeur but whatever euphemism or bottled poetry we used that night nothing could have wiped out the sadness that was about to befall. But the beauty of life lies in the pain that comes in-between the short intervals of happiness.

With the promise of a life time of friendship, the fine batch of 2011-2013 bid adieu to perhaps their last and final academic den.

“Good bye may seem forever. Farewell is like the end, but in my (our) heart is the memory and there you will always be.” 29

- Walt Disney

AWARDs

Dr M J Xavier

1 aiMs international outstanding director award (2012)

Recipient of AIMs International outstanding Director Award. the award was conferred on him on January 7, 2013 at IIM Bangalore during the tenth AIMs International conference on Management

2 education leadership award

Has been bestowed with the education Leadership Award by et noW national education Leadership on February 16, 2013 at taj Lands end, Mumbai. the award is in recognition of leadership, development, marketing an institute and industry interfact of Business school.

Dr Hemalatha chandrashekhar

Has received the “best PRoFessoR in inFoRMation sYsteM ManageMent awaRd’’ from et noW national education Leadership on Feb.16, 2013 at taj Lands end, Mumbai.

DIRECTOR’S DIARY

1. Guest of Honour and Keynote speaker at International Management convention, 2013 on “Inclusive Growth: Need to Rethink the Business Models” organized by Asian school of Business Management, Bhubaneswar in collaboration with AMDIsA (Feb.7-9, 2013).

2. chief Guest at Inauguration ceremony of Psychographic Society - School of Counselling & Culture, Ranchi (Feb.20, 2013).

3. chief Guest for the Inaugural ceremony of NSS Mega Camp organized by Government of India, Ministry of Youth Affairs and sports, national service scheme, Ranchi (Mar.5, 2013). 31

4. chief Guest at 15th Graduation Ceremony of Nehru College, coimbatore (Mar.23, 2013).

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