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Annual Report 2016-17 INDIAN INSTITUTE OF MANAGEMENT CALCUTTA ANNUAL REPORT 2016-17 ANNUAL REPORT 2016-2017 INDIAN INSTITUTE OF MANAGEMENT CALCUTTA Indian Institute of Management Calcutta Contents 02 06 07 List of Board of Chairman’s Director’s Governors Message Overview 23 43 53 Fellow Programme Post Graduate Post Graduate & Research Programmes (PGP) Programme for Executives (PGPEX) 59 65 69 Post Graduate Programme Post Graduate Diploma in Management Development for Executives for Visionary Business Analytics Programmes & Long Duration Leadership in Manufacturing (PGDBA) Programmes (PGPEX-VLM) 75 79 89 Facilities Activities of Centres Faculty Overview 103 Statement of Accounts 2016-2017 1 Annual Report 2016-2017 Board of Governors: IIM Calcutta 1st April 2016 – 31st March 2017 Shri Ajit Balakrishnan Ms. Sangeeta Talwar (upto 12.12.2016) Chairman and CEO, Rediff.com India Ltd., S-373, First Floor, Greater Kailash II Mahalaxmi Engineering Estate, L.J. Road, No. 1 New Delhi- 110 048. Mahim (West), Mumbai – 400 016. Shri P. M. Murty, (w.e.f. 22.09.2016) Shri P. Bhattacharya, Flat 102, 6-3-1192/A2 to A5, AD-64, Salt Lake, 1st Avenue, Sector – 1, Ashoka Lake View Apartments, Kundanbagh, Kolkata 700 064. Begumpet, Hyderabad 500 016. Shri R. Ramaraj, (w.e.f.12.12.2016) Ms. Vini Mahajan, IAS (w.e.f. 11.01.2017) 1D Aum Apartments Additional Chief Secretary No. 26, Kothari Road, Nungambakkam Health and Family Welfare Chennai – 600 034. Govt. of Punjab Room No. 426 Shri Ganesh Krishnan (upto 12.12.2016) Mini Secretariat, Sector 9 Villa No.3, Palm Meadows Extension, Chandigarh, Punjab 160 009 Ramagondanahalli, Varthur Main Road, Bangalore - 560 066. Shri Sanjoy Mukherjee IPS (w.e.f. 13.01.2017) Director of Security Smt. Meena Ganesh (w.e.f. 13.01.2017) Directorate of Security West Bengal Co-Founder, MD & CEO 13 Lord Sinha Road Portea Medical Kolkata 700071 205, 3rd Main, Defence Colony Indiranagar, Bangalore 560038 Prof. Balram Avittathur Indian Institute of Management Calcutta, Shri Nikhil Sawhney (w.e.f. 01.04.2016) Joka, D. H. Road, Kolkata – 700 104. Treasurer, AIMA & Managing Director, Triveni Turbine Ltd., Prof. Anup K Sinha (upto 15.04.2016) Express Trade Towers Indian Institute of Management Calcutta, Bldg No.15-16, Sector 16A Joka, D. H. Road, Kolkata – 700 104. Noida 201 301 Prof. Anindya Sen (w.e.f. 16.04.2016) Shri Thulasiraj Ravilla (upto 12.12.2016) Indian Institute of Management Calcutta, Executive Director, Lions Aravind Institute of Joka, D. H. Road, Kolkata – 700 104. Community Ophthalmology, 72, Kuruvikaran Salai, Gandhi Nagar, Madurai – 625 020. Prof. Saibal Chattopadhyay Director, Dr. M.G. Parameswaran, Indian Institute of Management Calcutta, Brand Strategist, Joka, D. H. Road, Kolkata – 700 104. Founder Brand-Building.com, A62 Technocrat, Twin Tower Lane, Secretary to Board of Governors: Off Veer Savarkar Marg, Prabhadevi, Mumbai – 400 025. Shri Alok Chandra Chief Administrative Officer, Shri Hirak Ghosh, (upto 12.12.2016) Indian Institute of Management Calcutta, Flat No. 9L, Tower 4, South City, Joka, D. H. Road, Kolkata – 700 104. 375, Anwar Shah Road, Kolkata 700 068. 2 Annual Report 2016-2017 Indian Institute of Management Calcutta 3 Annual Report 2016-2017 Major Events 2016-17 4 Annual Report 2016-2017 5 Annual Report 2016-2017 Chairman’s Message This is the tenth and final Chairman’s Report from The only catch to this scheme of Sloan and me, so I thought it would be a good idea to point Peter Drucker and the other worthies (whose out some of the trends that are under way in the books were the staple of management schools world of Management and see how IIM Calcutta is as well as airport bookshops) is such routine- prepared for these changes. isable supervisory functions are the very ones that an algorithm can do better than a human Alfred Sloan, who for twenty years starting from being. Just as in the industrial era, inventors who the mid-1930s ran General Motors and took it to spotted a repetitive action in manufacturing being the largest private sector business in the would immediately design a machine that could world, is the man who gave the phrase “manager” do the repetitive action, in the current age, any its prestige. Sloan wrote in his book, My Years with information-processing task or sequence of tasks General Motors, that the “professional” manager are the target of algorithm designers. And both was a person who was supremely rational, would these routine -based jobs as well as the jobs of operate only with “facts”, not intuition or gut the “managers” who oversee them are slowly feel, and would spend all his time supervising fading away. the creation and review of annual operating budgets and the like. He would have entered the In many ways, we at IIM Calcutta, have been organization at the bottom and over the years preparing for these changes. To start with would have moved up to the top, which, according by emphasizing that IIMC is a “faculty run” to Sloan, “develops loyalty, ambition and talent”. His institution we have anticipated the decline glacial move up the ladder would be signaled by of Weberian bureaucracies from the world of the increasing number of people reporting to him. management. By investing our energies in the IIMC Innovation Park we are preparing for the The inner world of organizations, in this scheme, world in which startups will be the driver of divided into people who “do” things, writing the Indian and world economy. By launching accounts ledgers (or operating computers that our two-year post graduate programme in Data did that), making sales calls and “managers”, who Science and Analytics we have anticipated the did none of the above but merely “managed” all era when data driven businesses will be more the doers who did these things. Managers wrote valuable than land or natural resources-based reports (or corrected reports written by others for businesses. By emphasizing and funding faculty them), attended meetings and made presentations. research we are foreseeing how to create a In the media industries, “managers” were not culture of curiosity which will be make-or-break supposed to come up with creative ideas or write for tomorrow’s businesses. scripts or articles or shoot films; their job was to supervise others who did such things and make sure that all these creators abided by company Ajit Balakrishnan “policy”. Vast bureaucracies of managers were created to do these “management” jobs. 6 Annual Report 2016-2017 01 DIRECTOR’S OvervieW Director’s Overview Director’s Overview IIM Calcutta has made significant the world. The Mumbai Chapter of a new initiative. In association with all round progress and the year IIM Calcutta Alumni Association Stern School of Business of New York 2016-17 has been an excellent one. has introduced “Best Publication University (NYU – Stern), IIM Calcutta The Institute received the coveted Award for Doctoral Student”, a new successfully concluded the first ever accreditation from EQUIS this year award from this year. In its basket, India Research Conference on 20 May, and with that IIM Calcutta has IIM Calcutta has bagged three more 2016 at NYU – Stern. The Centre for reached its milestone to become partner schools under STEP, which are Development and Environment Policy the only Triple-crowned accredited University of Strathclyde, University (CDEP), in association with ORF- B-School in the country. It hosted the of Lausanne and Florida International Kolkata, sponsored a conference, “25 CEMS Student Board Meeting for the University. Professor Kaushik Basu, years of Economic Reforms in India: first time, student representatives the Chief Economist and Senior Retrospect and Prospects” during from 29 other CEMS schools across Vice President of the World Bank, 24-25 October, 2016. P. Chidambaram, the globe and CEMS HO staffs delivered the lecture at the First Arijit Former Minister of Finance, attended. The PGPEX programme has Mukherji Memorial Lecture on August Government of India was the keynote become eligible for participation in 5, 2016. The Former Ambassador, speaker. An amphitheater complex has FT Global MBA Ranking and featured Ministry of External Affairs, Mr. M. been completed under our campus among the top 100 B-Schools in Ganapathi delivered a talk under development project. MEA Distinguished Lecture, which is 8 Annual Report 2016-2017 Indian Institute of Management Calcutta Our Programme Fellow Programme in The Post Graduate The Post Graduate Management and Related Programme (PGP) Programme for Executives areas This year 432 students received (PGPEX) Thirteen doctoral students received the Post Graduate Diploma in All 68 students of PGPEX 10th batch the title of Fellow of IIM Calcutta Management and 2 students received successfully completed their course this year. The Institute supported the Post Graduate Diploma in and received the Post Graduate 26 doctoral students for presenting Computer Aided Management. Programme for Executives. Ms. Pamela papers at International conferences. Ms Soumyasree Chakraborty secured Ghosh secured the 1st rank and Shri Anjan Ghosh has secured the the 1st rank and received Dr. B.C. Roy received the Gold Medal Sponsored “Satish K. Sehgal Doctoral Student Gold Medal and other prizes for her by Calcutta Chapter of IIMC Alumni Award 2017” for excellence in outstanding achievement. Shri Nayan Association along with other prizes. scholarship and organizational M Goyal secured the 2nd rank and Shri Harraj Singh secured the 2nd citizenship. received Dr. B.C. Roy Silver Medal and rank and received the Silver Medal sponsored by the IIMC PGPEX Fourth The Mumbai Chapter of IIM Calcutta other prizes, Shri Divanshu Saxena Batch Alumni along with other prizes. Alumni Association has introduced a secured the 3rd rank and received TIL Shri Gyanendra Singh secured the 3rd new award this year - Best Publication Award and other prizes.
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