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Management House, Panampilly Nagar,Cochin-682036 Mob: 9072775588, Ph : 0484- 4044367, 2317917,2317966 Email : [email protected]

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62nd ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31-03-2020

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KERALA MANAGEMENT ASSOCIATION Management House, Panampilly Nagar, Cochin-682 036 Phone: 2317966, 2317917 E-Mai: [email protected] Web: www.kma.org.in

24th September 2020

NOTICE TO MEMBERS

NOTICE is hereby given that the 62nd Annual General Meeting of the Kerala Management Association will be held on Friday, the 9th October 2020 at 6.00 p.m. Due to the existing pandemic conditions the AGM will be a virtual meeting on a licensed zoom platform to transact the following business.

1. To consider the Minutes of the 61st Annual General Meeting held on 19th July 2019.

2. To consider the Minutes of the First Extra-ordinary General Meeting held on 19th June 2020.

3. To consider the Minutes of the Second Extra-ordinary General Meeting held on 11th September 2020.

4. To consider and adopt the Audited Statement of Accounts and the Annual Report for the financial year 2019-2020.

5. To appoint Auditors for the financial year 2020-21.

6. Declaration of results of election of Members to the Managing Committee for 2020-21 & 2021-22

7. To consider any resolution that may be proposed by a member as per Clause 18 (c) of the bylaw of the Association with the permission of the Chair.

Members are requested to click on the link provided in the mail to view the Annual Report and Accounts for the period 2019-20.

Digital AGM Meeting ID and Password will be informed to you separately.

For and on behalf of the Managing Committee KERALA MANAGEMENT ASSOCIATION

Bibu Punnooran Honorary Secretary

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President’s Message

My dear KMA Members,

The year 2020 has brought monumental changes that have already included a global pandemic and we are reminded that we live in a constantly changing world. We must be ready to listen and adapt, always drawing upon our core values of service, integrity, and leadership. If we live these values and apply it to all aspects of our lives, we will be prepared to lead at all times.

A small virus has taught us so many lessons and we all are ready to adopt so many New Normals, is it? Thank GOD, we are still alive!!...

I am proud of how we have proven our ability to adapt during the most unexpected challenging times with innovative programs keeping the KMA flag flying high. Faced with the pandemic, KMA has not stopped. We moved meetings online and found new ways to survive.

KMA has been continuously engaged in organising online lecture sessions during the last five months on its licensed Zoom platform as part of “LeaderTalks” sessions including Panel Discussions by renowned Corporate Leaders, Ministers, Members of Indian Parliament, Senior IAS officers, Banking Experts and Business Honchos to share their thoughts to instil confidence in the minds of our Businessmen and Professionals on how to face these troubled times and to remain positive in the face of adversities. It is very evident that the aftermath of covid is going to be a survival & revival era.

The Curtain raiser event of KMA activities for the year 2019-20 was inaugurated by Mr Suseel Kumar, Managing Director of Life Insurance Corporation of India and after that in these 15 months we have been conducting programs back to back to make the year a memorable and outstanding one. The details of activities are reported in this book by our Hon. Secretary Mr.Bibu Punnooran.

This year’s inauguration ceremony of our flagship event Annual National Management Convention was a dream come true moment for me, it was long cherished dream to have Mr.Sunil Kant Munjal, Corporate India’s one of the most respected Businessman and the Chairman of Hero Group to inaugurate the biggest event of our calendar. We were also fortunate to participate in the release of his book “The Making of Hero”. He had accepted our invitation and came to KMA irrespective of the last minute rejection of the permission for his private jet to land at Naval Airport..he said, I will definitely come somehow...and he made it....his jet landed at Coimbatore Airport and came in a Chopper to Fisheries College ground Panangad and reached Le Meridian at 4.45 pm to inaugurate the 39th Annual National Management Convention of KMA at 5pm and left by 7.15 pm after an amazing address with his words of wisdom and showed the real leadership and great dedication to keep up his commitment, no words to express our gratitude....we salute you Sir.

Convention theme was Reimagining Management- Resurgence Ahead. In this era of economic slowdown, unemployment, we are also vouching that ‘India is growing young’; it is one of the fastest growing economies of the world, it has one of the largest markets in the world and it has the demographic dividend. In comparison to the global powers, India is turning out to be a young nation with an average age of the citizen around 29 years in which close to sixty percent is below 25 years! The population of youth in India almost equals the population of the European Continent!.

A big thanks to SVP & Convention Chairman Mr.Madhav Chandran, Past Presidents Mr.S R Nair, Mr.S Rajmohan Nair and Mr.Prasad Panicker for standing beside me as my pillars of strength, all my EC & MC members, our Hon. Secretary Mr.Bibu Punnooran, to various Committee Chairmen and Chairpersons, all sponsors especially LIC for the presenting partnership, all media, my friends and to my Secretariat staff for all the support and strength.

I am extremely happy that I personally have been enriched by the practical wisdom of many Corporate Chiefs by closely working with them for our Annual Convention and AIMA Council meetings. I profusely thank Mr.Sanjay Kirloskar, Chairman and MD of Kirloskar Group and the President of AIMA for all the support and his presence 5 KMA Annual Report 2019 - 2020 along with the Director General of AIMA Ms.Rekha Sethi for our CEO Conclave. It’s truly been an incredible year. And I want to remember the people especially near and dear to my heart — our Past Presidents, my team of Managing Committee Members and my good critics, I really enjoyed working with all of you.

When it comes to changing the world, age means very little. What does matter is the size of your dreams. We’ve become so used to telling young people to be practical, think about your future, and look to us as role models. What we really should be telling them, and ourselves, is to take your dreams and nurture them. Grow them. Dream bigger. There is no such thing as the impossible dream for anybody.

I encourage all of you to think of a way that you can leave your mark on your profession and the world. Think of what you have heard this week — and the people you’ve met eager to partner with you — and don’t be afraid to dream big. Because big dreams are for everyone with the courage to lead.

My tenure as president of KMA is coming to an end, but my commitment to this amazing organization and the work we do will go on. And the good news for me is that I get to continue the relationship with so many more friends than when I started.

Thank you for the amazing support you have given to me and my team this year, and thank you for your remarkable response towards all KMA initiatives and for everything you are doing to make the experience in our association exceptional, and for making the world a better place. I hope you have been enriched, energised, motivated, informed & inspired this year, and I request you to continue the support which you have been rendering to KMA and to the fraternity as a whole.

Thanking you all,

Yours truly,

Jibu Paul President-KMA

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MANAGING COMMITTEE MEMBERS 2019-20

President : Mr. Jibu Paul CEO & Brand Strategist BrandBrains Ladlee Towers 32/324, Thammanam PO Cochin-682 032

Senior Vice President : Mr. R. Madhav Chandran Founder Director & Mentor Cyberland Group of Companies Engineers Towers Manikkathu Cross Road Jn. Ravipuram, Cochin-682 016

Vice President : Ms. L. Nirmala CEO, Infinity Hospitality Services 31/1039A(1), Bhuwaneswari Road Ponnurunni, Vyttila Cochin-682 019

Honorary Secretary : Mr. Bibu Punnooran Director Medivision Group of Companies Sreekandath Road Ravipuram Cochin-682 016

Honorary Joint Secretary : Mr. Johnson Mathew Senior Vice President – HR Synthite Industries Pvt. Ltd Corporate House Kadayiruppu, Kolencherry Cochin-682 311

Honorary Treasurer : Mr. Jomon K George Chief Executive Partner JVR & Associates Chartered Accountants Wilmont Park Business Center Opp: St. George Church Pallimukku, Cochin-682 016

Immediate Past President : Mr. Dinesh P. Thampi Vice President & Delivery Center Head - Kerala Tata Consultancy Services Vismaya, Infopark, Kusumagiri, Kakkanad Cochin-682 030

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Members : Mr. V. George Antony Executive Vice Chairman Unimoni Financial Services Ltd HABIB Towers, Opp: College Ground M.G.Road, Cochin-682 011

: Mr. A. Balakrishnan Executive Director Geojit Financial Services Ltd 34/659 - P, Civil Line Road Padivattom, Cochin-682 024

: Mr. C.S. Kartha Managing Partner Kartha Shipping Solutions JJRA No.9, Junior Janatha Road Vyttila, Cochin-682 019

: Mr. Deepak L. Aswani Managing Director Lachmandas & Sons Devi Complex, 40/671 Doraiswamy Iyer Road Cochin-682 035

: Ms. Maria Abraham Director & Associate Editor Dhanam Publications Pvt. Ltd Cheruparambath Road Kadavanthara, Cochin-682 020

: Mr. K. Rajan George CEO RG Consultancy No.37 NRRA, Santhosh Nagar Naroth Road, Thammanam PO Cochin-682 032

: Mr. B. Balagopal (Former AGM - State Bank of India) Corporate Trainer - State Bank of India Sangeeth, Pallissery Junction Puthiya Road, Thammanam P O Cochin - 682032

: Dr. T.K. Raman Chairman, TILT Ramarajya, Gopivilsam Lane Puthukkalavattam Temple Road Elamakkara Cochin-682 026

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: Prof. Dr. George V. Antony Former Director & Dean FISAT Business School Board of Governors, Africa Asia Scholar Global Network, UK

Co-opted Members : Mr. Prasad K. Panicker (Former Executive Director, BPCL-Kochi Refinery) Director & Head of Refinery Nayara Energy Ltd.

: Mr. S.R. Nair Director & Chief Mentor MentorGuru Professional Services Pvt. Ltd Villa No.7, Mystic Bells Kaniyampuzha, Eroor P O, Cochin-682306

: Mr. K. N. Shastry Managing Director New Allied Tours & Travels Door 139/6057, Plot 309 Panampilly Avenue Cochin-682 036

: Mr. S. Rajmohan Nair Senior Business Associate, LIC of India “Vaikundam” Ponoth Road, Kaloor Cochin-682 017

: Mr. P. Premchand 14D, Pinewood Skyline City Park Jawahar Nagar Cochin-682 020

- : Mr. Vivek Krishna Govind Partner, Varma & Varma Chartered Accountants Sreeraghavam, Kerala Varma Tower Bldg.No.53/2600B,C,D & E Off Kunjanbava Road Vyttila PO, Kochi-682 019

Special Invitees : Mr. Madhu S. Nair Chairman & Managing Director Cochin Shipyard Ltd. Perumanoor P.O. Cochin - 682015

: Mr. K. Harikumar Managing Director Travancore-Cochin Chemicals Ltd Udyogamandal-683 501

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: Mr. Abraham Thariyan Executive Director V-Star Creations (P) Ltd V-Star Tower Near Trhrikakkara Temple Model Engineering College Road Kakkanad, Cochin-682 021

: Mr. K. Antony Sebastian Sr. Vice President (SCM) V-Guard Industries Ltd Door No.33/2905 F Vennala High School Road Vennala Cochin-682 028

: Mr. A.C.K. Nair Airport Director Cochin International Airport Ltd Kochi Airport PO Cochin-683 111

: Ms. Shalini James Founder & Lead Designer Mantra Mantra House 16/332A, Bhagavathy Temple Road Cheranalloor, Cochin-682 034

Ex-officio Member : Mr. Jayanth P. Narayanan Executive Director Kerala Management Association Management House Panampilly Nagar Cochin-682 036

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Secretary’s Annual Report

Bibu Punnooran Honorary Secretary, KMA

The Managing Committee has great pleasure in presenting the 62nd Annual Report containing activities undertaken by KMA during the period from August 2019 till September 2020 and the audited Statement of Accounts for the financial year commencing from 1st April 2019 to 31st March 2020.

MANAGING COMMITTEE:

(i) Election of Members to the Managing Committee for 2019-20 & 2020-21 to fill up eight vacancies due to the retirement of Members was held on 19th July 2019 and the following were elected.

Ms. L. Nirmala, CEO, Infinity Hospitality Services Mr. Jibu Paul, CEO & Brand Strategist, BrandBrains Mr. B. Balagopal, (Former AGM - SBI), Corporate Trainer - SBI Mr. Bibu Punnooran, Director, Medivision Group of Companies Mr. A. Balakrishnan, Executive Director, Geojit Financial Services Ltd Mr. K. Rajan George, CEO, RG Consultancy Prof. Dr. George V. Antony, Former Director & Dean, FISAT Business School Mr. Johnson Mathew, Senior Vice President – HR, Synthite Industries Pvt. Ltd

(ii) The new Managing Committee met on 23rd July 2019 and elected the following Office Bearers for the year 2019-20.

Mr. Jibu Paul - President Mr. R. Madhav Chandran - Sr. Vice President Ms. L. Nirmala - Vice President Mr. Bibu Punnooran - Honorary Secretary Mr. Johnson Mathew - Honorary Jt. Secretary Mr. Jomon K George - Honorary Treasurer

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(iii) Mr. Dinesh P. Thampi, Immediate Past President, became a Member of the Managing Committee as per Clause 8(1) (d) of the By-Laws of the Association.

(iv) The Managing Committee held on 12th August 2019 has co-opted as Special Invitees a maximum of 6 Members for attending the meetings as per Clause 8(1)(e) of the Bye Laws.

● Mr. Madhu S. Nair, Chairman & Managing Director, Cochin Shipyard Ltd. ● Mr. K. Harikumar, Managing Director, Travancore-Cochin Chemicals Ltd ● Mr. Abraham Thariyan, Executive Director, V-Star Creations (P) Ltd ● Mr. K. Antony Sebastian, Sr. Vice President (SCM), V-Guard Industries Ltd ● Mr. A.C.K. Nair, Airport Director, Cochin International Airport Ltd ● Ms. Shalini James, Managing Director, Mantra

(v) Under Clause 8(1)(e) of the By-Laws of the Association, the Managing Committee, at its meeting held on 12th August 2019 decided to invite

● Mr. Prasad K. Panicker, Executive Director, BPCL Kochi Refineries Ltd ● Mr. S.R. Nair, Past President of KMA ● Mr. K. N. Shastry, Past Presidents of KMA ● Mr. S. Rajmohan Nair, Past President of KMA ● Mr. P. Premchand, Past President of KMA ● Mr. Vivek Krishna Govind, Past President of KMA

(vi) The Managing Committee meets once in a month, mostly on the Second Monday of every month, to review and guide the activities of the Association and there was one special meeting. The Sub-Committees also met as and when required and submitted their recommendations for the consideration of the Managing Committee in its meetings.

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Major Events of the year 2019 - 2020

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39th Annual National Management Convention 2020 Chairman: Mr. R. Madhav Chandran

Theme: Reimagining Management Resurgence Ahead

The Kerala Management Association had its 39th Annual National Management Convention 2020 on 19th and 20th of February at Le Meridien, Kochi around 1000 People attended the Function.

On the first day we had a Pre inaugural function, wherein Mr. Sunil Kant Munjal’s Book “The Making of Hero” was launched. This was followed by a panel discussion on the theme “ Managing 2020 Family Business: Old Wisdom or New Thinking” The panelist being Mr. Sunil Kant Munjal Chairman Hero Launching of “The Making of Hero” by Mr. Sunil Kant Munjal, Mr. Rajive Enterprise, Mr. Rajiv Kaul of Kaul Chairman Nicco Group, Mr. Vikram Chandra Founder Editorji Technologies, Mr. Jibu Paul, President KMA, Mr. Bibu Punnooan, Nicco Group and Mr. Vikram Honorary Secretary KMA and Mr. R. Madhav Chandran, Senior Vice Chandra Former CEO of NDTV President KMA,are also seen. Group & Founder, Editorji Technologies.

Then we had our Inaugural Function on the theme Reimagining Management Resurgence Ahead. Welcome address was given by Mr. R Madhav Chandran, Senior Vice President and

Lighting of Lamp Ceremony by Mr. Sunil Kant Munjal in the presence of Mr. R Madhav Chandran, Mr. Jibu Paul, Capt. Raghu Raman and Mr. Bibu Punnooran

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Chairman, Convention Committee, KMA and the Presidential Address was by Mr. Jibu Paul, President, KMA. Mr. Sunil Kant Munjal was the Chief Guest. Vote of Thanks was proposed by Mr. Bibu Punnooran, Honorary Secretary, KMA.

Mr. Sunil Kant Munjal addressing the gathering

Then there was a brilliant and invigorating presentation by Capt. Raghu Raman, Former CEO National Intelligence Grid and Corporate Mentor on the subject “Leadership at 26,000 Feet”.

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On 20th February the sessions started by 09:30 am with a Keynote on the Theme “Sustaining Planet Earth for a Favorable Tomorrow” by Mr. S. Ganesh, Vice President UPL Ltd.

From 10:00 – 11:00 we had our first Panel Discussion on “Creating Global Vision for People, Planet & Profit.” Moderated by Dr. Prof. Anandakuttan Unnithan, Dean, IIM Panel Discussion on “Creating Global Vision for People, Planet & Profit” Kozhikode, and the panelists were Dr. P Indiradevi, Director, Research Kerala Agriculture University, Mr. Ajay Arora, Associate Vice President, Hero Corporate Service, and Mr. ACK Nair, Director Cochin International Airport Ltd.

After the tea break Ms. Sweta Agnihotri of Reliance Big Entertainment Ltd took away the audience with her Keynote on “Building Global Commitment using Regional Blocks.”

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From 12:00- 01:00 PM another panel discussion took place on “Managing the Management” Lead by Mr. S. R Nair, Director &

Panel Discussion on “Managing the Management” Chief Mentor, MentorGuru Professional Services Pvt. Ltd & Former President KMA, Prof. Biju Varkkey of IIM Ahmadabad, Mr. Rajesh Nair of EY LLP and Mr. Shafi Ahmed of Techno dream Software Consulting Pvt Ltd.

Another Keynote was presented by Mr. Vikas Agnihotri of Soft Bank India on “Moving to an Economically Resurgent India”.

Followed by the Keynote, Panel Discussion on “Start -up to Scale - Up” was lead by Mr. Ashok Kurian Panjikaran of Kerala Startup Mission, Mr. Robin Alex Panicker of Unicorn India Ventures, Mr. Sathyanarayanan A R of Embright Infotech Pvt Ltd and Mr. Suresh Balasubramanian of Express Base Systems Pvt Ltd.

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For the Valedictory Session the Chief Guest was Mr. Tom Jose IAS, Chief Secretary to the Govt of Kerala and the Felicitation was by Mr. P Radhakrishnan, Senior Divisional Manager, LIC of India, and Dr. Prof. Anandakuttan Unnithan, Dean, IIM Kozhikode.

Dignitaries on Dias from L to R: Dr. Prof. Anandakuttan Unnithan, Mr. R. Madhav Chandran, Mr. Tom Jose IAS, Mr. Jibu Paul, Mr. P Radhakrishnan and Ms. Nirmala Lilly

The valedictory session was presided over by Mr. Jibu Paul, President, KMA, and Vote of thanks was proposed by Ms. Nirmala Lilly, Vice President, KMA. The flagship event of KMA was a great success and attracted over 1000 delegates from different segments such as Entrepreneurs, Practicing Managers from the Corporate World, Academia and Management Students.

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Women Leadership Conclave 2020 Chairperson: Ms. L. Nirmala

Theme:- ‘Metamorphosis’

KMA celebrated Women’s day during Women Manager’s conclave

KMA Women Leadership Conclave-2020 inaugurated by Rubber Board Executive Director Dr. K. N Raghavan IRS on 5th March 2020 at The Renai Cochin.

Dr. K. N. Raghavan inaugurates KMA Women Leadership Conclave, (L-R) Mr. Rajmohan Nair, Ms. L. Nirmala, KMA President-Mr. Jibu Paul, Ms. Muthumani and Hon. Sec.-Mr. Bibu Punnoran are also seen.

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Ms. Muthumani, who was the Guest of Honour for the event. KMA President Mr. Jibu Paul presided over the function, Women Managers Forum Chairperson Ms. L. Nirmala welcomed the gathering and KMA Honorary Secretary Mr. Bibu Punnooran gave the vote of thanks. Ms. Archana Anand, Chief Business Officer ZEE5 Global, Ms. Babitha B P, CISO, CSB, First lady CISO in Indian Banking Industry, Ms. Nisha Jose Mani, Social Enabler, Author, Educator, Ms. Deena Jacob, Co-founder, CFO, Open Financial Technologies Pvt Ltd, Mr. Jomon K George, Chief Executive Partner, JVR & Associates, Ms. Sudakshna Thampi, Head – Yoga Shruti, Dr. Nisha Vikraman, Asst. Professor, Department of Home Science, St. Teresa's College Ernakulam, Ms. Susheela Pai, Artistic Director, Mudra Centre for Dance, Mr. S. R Nair, Director & Chief Mentor, MentorGuru Professional Services Pvt. Ltd & Former President KMA, Ms. Rahana Rafeek, Wildlife Photographer, Ms. Tina Suzanne Muthoot, Associate VP Finance, Muthoot Capital Service, Ms. Namitha Mathew, HR Professional, V-Guard Industries Ltd., Dr. Susan Kuruvila, Founder Director, Madam Institute of Home Science, Ms. Radhika Sethumadhavan, Playback Singer & Voice Trainer, spoke in various sessions.

Panel discussion & fireside chat from the event

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CEO Forum Chairman: Mr. K. Antony Sebastian

CEO CONCLAVE

KMA CEO Forum Chairman Mr. K. Antony Sebastian Director General of AIMA Ms. Rekha Sethi, CMD of Kirloskar Brothers Ltd Mr. Sanjay Kirloskar, KMA President Mr. Jibu Paul, Honorary Secretary Mr. Bibu Punnooran

Mr. Sanjay Kirloskar, President AIMA (All India Management Association) and CMD of Kirloskar Brothers Ltd inaugurated the CEO Conclave of KMA held on 6th December 2019 at the Kochi Marriott, Edappally.

CMD of Kirloskar Brothers Ltd Mr. Sanjay Lighting the lamp by Mr. Sanjay Kirloskar, in the presence of Kirloskar, addressing the CEO’s Mr. K. Antony Sebastian, Mr. Jibu Paul, Ms. Rekha Sethi, and Mr. Bibu Punnooran

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CEO Forum Chairman Mr. K. Antony Sebastian welcomed the gathering, KMA President Mr. Jibu Paul presided over the function, Director General of All India Management Association Ms. Rekha Sethi offered felicitations and KMA Honorary Secretary Mr. Bibu Punnooran proposed vote of thanks.

Kerala LMA Office bearers with AIMA President Mr. Sanjay Kirloskar and AIMA DG Ms. Rekha Sethi

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Bye Law Amendment Chairman: Mr.K.N.Shastry

KMA Extra Ordinary General Meeting held on 19th June 2020 at 4.00 pm

KMA made a historic event by conducting an EGM online for the first time for the Bylaw amendment.

Sr. Vice President, Mr. R. Madhav Chandran, Chairman of the By- law Amendment Committee Mr. K.N. Shastry, KMA president Mr. Jibu Paul and Hon. Secretary Mr. Bibu Punnooran conducting the online EGM

KMA Members during the First EGM

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Digital Summit Chairman: Mr. A. Balakrishnan

KMA KERALA DIGITAL SUMMIT 2020: ‘DISRUPTIVE TECHNOLOGY - A CATALYST FOR CHANGE’

The third Kerala Digital Summit was organized by Kerala Management Association on 16th January 2020 at Four Points By Sheraton, Infopark, Cochin. Mr. Sasikumar Sreedharan, Managing Director, Microsoft India was the Chief guest for the event and KeyNote Address done Mr. Mohan Krishnan, Co-Founder of MphasiS and Founder, Byzan Systems Pvt Ltd

Lighting the lamp by Mr. Sasikumar Sreedharan, in the presence of Mr. A. Balakrishnan, Mr. Jibu Paul, Mr. Mohan Krishnan, and Mr. Bibu Punnooran

A view of the audience

There were sessions on Startup for Social Benefit, BlockChain Technology, and Cyber Security. The full day event was addressed by luminaries like Mr. S. R. Nair, Director & Chief Mentor, MentorGuru Professional Services Pvt. Ltd, Ms. Remya Raj, Founder & CEO, Digital Arts Academy for the Deaf Pvt Ltd, Mr. Rajesh Kumar S, Managing Director, Medtra Innovative Technologies Private Ltd, Mr. Arjun Varma, Founder, Alcodex Technologies Pvt. Ltd, Mr. Jinu Babu, Global Head – Services, Solutions & Platforms, TCS BlockChain Services, Mr. Prasanna Lohar, Head- Innovation and Technical Architect, DCB Bank Ltd, Mr. Sreeram Ananthasayanam, Partner, Government and Public Services at PwC India, Mr. Anoop V.S, Senior Scientist and Head-Training, Kerala BlockChain Academy, Cdr. K. K. Chaudhary (Retd.), CEO, Data Resolve Technologies, Dr. Saji Gopinath, Chief Executive Officer, Kerala Start-Up Mission, Mr. Dinesh P. Thampi, Vice President & Delivery Centre Head – Kerala, Tata Consultancy Services. 25 KMA Annual Report 2019 - 2020

The event was well attended by more than 200 young delegates from Infopark, Cochin. . KMA President Mr. Jibu Paul presided over the function. Digital Summit Chairman Mr. A. Balakrishnan welcomed the guests and Honorary Secretary Mr. Bibu Punnooran delivered the vote of thanks.

Panel discussion on Startup for Social Benefit

Panel discussion on Block Chain Technology Unleashed in process

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KMA Digital Survey

KMA conducted a Digital Survey to find out the real support required for our Members and Industry Colleagues from the Govt., KMA organized this in association with ‘Survey Sparrow’ and ‘Center for Research & Consultancy’.

Digital Forum Committee chairman Mr. A. Balakrishnan launched the survey platform online by clicking the following link on the Managing Committee Meeting held on 13th July 2020: https://kma.surveysparrow.com/s/questionnaire--kma--covid-19-impact- assessment-study/tt-13e906

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Evening Lecture Meetings 2019 – 2020 Programme Committee Chairman: Mr. S. Rajmohan Nair

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INAUGURATION OF KMA ACTIVITIES 2019-20

Lighting the lamp by the Chief Guest Mr. T C Sushil Kumar, MD of LIC of India

The inauguration of KMA activities took place at The Renai Cochin Palarivattom on 9th August 2019. Former President of KMA Mr. S. Rajmohan Nair welcomed the gathering on the occasion. LIC Managing Director, Mr. T C Sushil Kumar inaugurated the event followed by the Keynote address of Mr. C. Balagopal, Entrepreneur and writer. The event also witnessed honoring Dr. Ajith K P, an Auto Driver who is the first PhD holder from The Thunchathu Ezhuthachan Malayalam University. Vote of thanks was delivered by honorary Secretary Mr. Bibu Punnooran.

EVENING LECTURE ON “KNOW MORE ABOUT MISS AURIA KATHI”

KMA organized an evening lecture on 29th August 2019 at Management House, Panampilly Nagar on the very sensational news about the first artificial poet ‘Miss Auria Kathi’. The event was presided by President Mr. Jibu Paul, Past President & Chairman Programme Committee Mr S. Rajmohan Nair welcomed the gathering. The session was handled by Mr. Sleeba Paul, the brain behind the Artificial poet. Vote of thanks was Mr. Sleeba Paul addressing the gathering delivered by honorary Secretary Mr. Bibu Punnooran.

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EVENING LECTURE BY “THE HISTORY MAKER @ SINGAPORE”

On 23rd September 2019 KMA conducted a lecture by Mr. Hari Sivan Founder & CEO, soCash Singapore, a financial technology Start Up which is transforming all the shops in Singapore to virtual ATMs thus by reducing the ATMs owned by banks and is funded by the Standard & Chartered Ventures, at KMA House, Panampilly Nagar. The programme was presided by KMA President Mr. Jibu Paul, Program Committee Chairman Mr. S. Rajmohan Mr. Hari Sivan addressing the gathering Nair and Hon. Secretary Mr. Bibu Punnooran is sitting aside. The event was well attended by the members and students.

EVENING LECTURE ON, “IS GANDHI RELEVANT IN 21ST CENTURY”

On 1st October 2019 KMA conducted a lecture by Mr. K. Jayakumar IAS (Retd), Former Chief Secretary, Govt. of Kerala & Former, Vice-Chancellor, Thunchathu, Ezhuthachan Malayalam University, at KMA House. The programme was presided by KMA President Mr. Jibu Paul, Program Committee Chairman Mr. S. Rajmohan Nair and Hon. Secretary Mr. Bibu Punnooran was also present. The program was well attended by the Management Mr. K. Jayakumar IAS (Retd) addressing the gathering fraternity and students.

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EVENING LECTURE ON, “MILLION DOLLAR SECOND – Time in Leadership”

KMA had a lecture meeting by Brig. Sushil Bhasin, Author, TEDx Speaker & Master Corporate Trainer for Leadership and Self Development on 10th October 2019 at KMA House. The programme was well attended by the members. President Mr. Jibu Paul, presided the event, Program Committee Chairman Brig Sushil Bhasin interacting with KMA members Mr. S. Rajmohan Nair, welcomed the gathering, and the Concluding Remarks done by Hon. Secretary Mr. Bibu Punnooran.

EVENING LECTURE ON, “Igniting Innovation - The TATA Way”

KMA Lecture meeting was done by Mr. Ravi Arora, Vice President – Innovation, Tata Sons on 23rd October 2019 at KMA House. The event was well appreciated by the audience. The programme was presided by KMA President Mr. Jibu Paul, Program Committee Chairman Mr. S. Rajmohan Nair and Hon. Secretary Mr. Bibu Punnooran was present. Mr. Ravi Arora addressing KMA Members

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EVENING LECTURE ON, “ECONOMICS OF ENVIRONMENT:-THE FUTURE OF TRADE AND DEVELOPMENT”

Evening lecture on 8th November 2019 at Management House.

India’s per capita CO₂ emission is among the lowest in the world even though it is the world’s 7th largest economy, India is greener than most people think said, Mr. S. Ganesan, Mr. S. Ganesan delivering the address and Ms. Nirmala Lilly, Vice President of Agricultural Policies Vice President, Mr. Jibu Paul, President and Mr. Bibu and Outreach, UPL Ltd. & Chairman - Punnooan, Honorary Secretary Indian Chemical Council.

EVENING LECTURE ON, “SYSTEMS THINKING FOR A VUCA WORLD”

Reliance Industries Refinery Business President Mr. P. Raghavendran was the speaker for the KMA lecture held on 25th November 2019 at Management House.

The event was widely appreciated by the participants. KMA President Mr. Jibu Paul presided over the function. Vice Mr. P. Raghavendran addressing the gathering. President Ms .L. Nirmala welcomed the guests and Honorary Secretary Mr. Bibu Punnooran delivered the vote of thanks.

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EVENING LECTURE ON, “CIVIL SERVICES & NATIONAL INTEREST”

Income Tax Commissioner Dr. Neelakantan Jayashankar IRS, was speaking at the Kerala Management Association's evening lecture meeting on Civil Service and national interest on 18th December 2019 at Management House.

KMA President Mr. Jibu Paul presided over the function.

Dr. Neelakantan Jayashankar IRS on the podium, Vice President

Ms. L Nirmala, President Mr. Jibu Paul, Honorary Secretary Mr. Bibu Punnooran

EVENING LECTURE ON, “CORPORATE EUROPE - SOME INTERESTING FAILURE TO SUCCESS STORIES”

An Evening Lecture Meeting was held by Mr. Alex Wijnen, Former Senior Partner, EY, Amsterdam, Registered Accountant, Angel Investor on 14th January 2020 at Management House.

The event was widely appreciated by the members. KMA President Mr. Jibu Paul presided over the function. Vice President Mr. Alex Wijnen addressing the gathering Ms. Nirmala Ms. L. Nirmala welcomed the guests and Lilly, Mr. Jibu Paul, and Mr. Bibu Punnooan are also seen. Honorary Secretary Mr. Bibu Punnooran delivered the vote of thanks.

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EVENING LECTURE ON, “TECHNOLOGY TRENDS IN 2020 – A SNEAK PEEK”

KMA hosted an evening lecture on 23rd January 2020 at Management house on ‘Technology Trends in 2020’. Mr. Biju Nair, CTO, Alpha Ori Technologies, Silicon Valley, USA & Chairman, ThinkPalm Technologies, USA & India,

The lecture was appreciated by the participants. Former President Mr. S R Nair presided over the function. Former President & Programme Chair Mr. S. Rajmohan Nair welcomed the Mr. Biju Nair addressing the gathering guests and Honorary Joint. Secretary Mr. Johnson Mathew delivered the vote of thanks.

EVENING LECTURE ON, “Global MBA Programmes – The Claims and the Clarity”

An Evening Lecture Meeting was held by Prof. Lynne Barrow, Associate Dean (International) University of Hull, UK. On 3rd February 2020 at Management House.

The event was widely appreciated by the members and students. KMA President Mr. Jibu Paul presided over the function. Programme Committee Chairman Mr. S.

Prof. Lynne Barrow, addressing the gathering Mr. S. Rajmohan Nair welcomed the guests and Rajmohan Nair, Mr. Jibu Paul, and Mr. Bibu Punnooan, Honorary Secretary Mr. Bibu Punnooran are also seen. delivered the vote of thanks.

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GLOBAL PANDEMIC- Covid 19:

The Coronavirus crisis that has crippled the entire globe, has thrown our normal life and work completely out of gear in our country as well; with the nationwide lockdown imposed by authorities, trying to halt the spread of the pandemic. For Professionals and Managers across the nation, these are challenging and difficult times indeed. The usual debate and discussions with co-workers and management counterparts, the learning through interactions with industry experts and leaders, the copious flow of knowledge and ideas through meetings and brainstorming sessions; have all suddenly come to a grinding halt!

However, at KMA we believe that the process of acquiring knowledge and assimilating management thoughts should never cease, and the endeavour to learn should prevail against all odds. We were in the process of organising seminars online on our licenced Zoom platform which would help all of us to win over this “Covid-19, the Game Changer”!!.

LeaderTalks Session- 1: How to productively use Covid times to prepare for the post Covid scenario

KMA kicked off the virtual meeting session on 13th April 2020 and branded it as “LeaderTalks” series!. The first in this series was by Prof. Biju Varkkey, IIM Ahmedabad, on the topic :- “How to productively use Covid times to prepare for the post Covid scenario” at 10.30am. Mr. P. Premchand, Chairman, MEP had introduced the speaker to the gathering, Sr. Vice President, Mr. Madhav Chandran welcomed and briefed about the new meeting protocol over zoom, President Mr. Jibu Paul presided over the function, Honorary Secretary, Mr. Bibu Punnooran proposed a vote of thanks.

Prof. Biju Varkkey addressing the gathering A snap of online participants

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LeaderTalks Session-2: Covid-19: let's team up to overcome!

The second edition of the “LeaderTalks” series was on 17th April 2020 at 6.00 pm by Mr. P. Vijayan IPS, Inspector General of Police, Police HeadQuarters, Kerala on the topic:- Covid-19: Mr. Jibu Paul, President presided over the function, briefing about meeting protocol done by Mr. Madhav Chandran, Sr. Vice President, welcome & introduction of speaker done by Mr. S. Mr. P. Vijayan IPS, Inspector General of Police, Police Head Quarters, Kerala, Rajmohan Nair, Chairman- during his presentation Programme Committee, vote of thanks proposed by Mr. Bibu Punnooran, Hon. Secretary.

Audience from the meeting

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LeaderTalks Session-3: Rebooting Industry & Business in Kerala- Post Covid-19

KMA had the third “LeaderTalks” session by Dr. K Ellangovan IAS, Principal Secretary- Industries & Norka, Govt. of Kerala on 24th April 20 at 4.00 pm on the topic Rebooting Industry & Business in Kerala- Post Covid-19, he explained the KMA fraternity about what will be the future of the Dr. K Ellangovan IAS, Principal Secretary- Industries & Norka, Govt. of Kerala Kerala industries -post Covid. Mr. Jibu Paul, President Presided over the function, welcoming was done by Mr. Madhav Chandran, Sr. Vice President, introduction of speaker was done by Mr. Prasad K Panicker, Past President, the upcoming programmes announced by Mr. S Rajmohan Nair, Chairman- Programme Committee, vote of thanks proposed by Mr. Bibu Punnooran, Hon. Secretary.

Active participants

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LeaderTalks Session-4: India Handles the Chinese Virus: The Power of Confidence

The fourth “LeaderTalks” session was done on 28th, by Ambassador Dr. Deepak Vohra, Special Advisor to the Prime Ministers of Lesotho, South Sudan and Guinea- Bissau. On his speech he explained how capable India is for facing any circumstances. Mr. Jibu Paul, President presided over the function, welcome & introduction of speaker was Ambassador Dr. Deepak Vohra addressing the members. (T - B) Mr. Jibu Paul, President, Mr. K. N. Shastry, Past President, Mr. S done by Mr. Madhav Rajmohan Nair, Chairman- Program Committee, Mr. Madhav Chandran, Sr. Vice Chandran, Sr. Vice President are also seen President, the upcoming programs announced by Mr. S Rajmohan Nair, Chairman- Programme Committee, vote of thanks proposed by Mr. Johnson Mathew, Joint Secretary.

Participants listening to Dr. Deepak Vohra

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KMA LeaderTalks Session-5: Business Priorities during Covid & post Covid scenarios

KMA had the “LeaderTalks” session by Mr. Sashi Sreedharan, Managing Director, Microsoft India on the topic ‘Business Priorities during Covid & post Covid scenarios’ on 1st May 2020 at 4.00 pm, KMA President Mr. Jibu Paul presided over the function, Mr. A. Balakrishnan, Chairman, welcomed the gathering, Mr. Sashi Sreedharan, MD, Microsoft India, on his presentation introduction of the speaker was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary.

KMA LeaderTalks Session- 6: Challenges and Opportunities for Kerala Industries- AC19

KMA had the “LeaderTalks” 6th session by Sri. E P Jayarajan, Hon’ble Minister for Industries,Sports and Youth Affairs, Govt. of Kerala on the topic ‘Challenges and Opportunities for Kerala Industries- AC19’ on 4th May 2020 at 4.00 pm, President Mr.Jibu Paul presided over the function,welcome was done by Mr. K Harikumar, MD-TCC & MC member, introduction of the speaker was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, vote of thanks was proposed by Mr.Bibu Punnooran, Hon. Secretary.

Hon’ble Minister of Kerala Sri. E P Jayarajan in conversation with KMA President, Mr. Jibu Paul

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KMA LeaderTalks Session - 7: Enhancing Employee Experience and Engagement

KMA had the 7th “LeaderTalks” session by Mr. Raj Raghavan, Sr. Vice President-HR, Indigo Airlines on the topic ‘Enhancing Employee Experience and Engagement’ on 8th May 2020 at 6.00 pm, President Mr. Jibu Paul presided over the function, welcome was done by Mr. R. Madhav Chandran, Sr. Vice President, introduction of the speaker was done Mr. Raj Raghavan on an active session by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary.

KMA LeaderTalks Session - 8: Adapt....Adopt....Aspire...

Under the MSME forum, KMA had the “LeaderTalks” 8th session by Ms. Sumathi Srinivas, Founder & CEO, Twilite Group on the topic ‘Adapt....Adopt....Aspire...’ on 13th May 2020 at 4.30 pm, President Mr. Jibu Paul presided over the function,welcome was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, introduction of the speaker was done by Ms. Maria Abraham, Chairperson MSME forum, vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary.

KMA LeaderTalks Session - 9: Ensuring a healthy workforce: Immunity & Nutrition in the Covid-19 era.

Under the Women Managers Forum, KMA had the “LeaderTalks” 9th session by Dr. Shikha Sharma, Founder & Managing Director, Dr. Shikha's NutriHealth, on the topic ‘Ensuring a healthy workforce: Immunity& Nutrition in the Covid-19 era’ on15th May 2020 at 6.00 pm, President Mr. Jibu Paul presided over the function,welcome was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, introduction of the speaker was done by Ms. L Nirmala, Vice President & Chairperson, Women Managers Forum, vote of thanks proposed by Mr. Bibu Punnooran, Hon. Secretary.

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KMA LeaderTalks Session –10: India: Manufacturing and the future of Business in a Covid era

KMA’s LeaderTalks 10th session was by Mr. Ajey Mehta, Vice President, Corporate Business Development, HMD Global (Nokia Phones), on the topic- ‘India: Manufacturing and the future of Business in a Covid era’ on 19th May 2020 at 6.00 pm, KMA President Mr. Jibu Paul presided over the function,welcome was done by Mr. S. Rajmohan Nair, Past Mr. Ajey Mehta along with the participants President & Chairman- Programme Committee, introduction of the speaker was done by Mr. Johnson Mathew, Joint. Secretary, vote of thanks was proposed by Mr.Bibu Punnooran, Hon. Secretary.

KMA LeaderTalks Session – 11: Atmanirbhar- An impact analysis- Panel Discussion

KMA organised a Panel discussion on ‘Atmanirbhar- an impact analysis’ and the panelist were Mr. Jiji Thomson IAS (Retd.), Former Chief Secretary, Govt. of Kerala, Mr. Kochouseph Chittilapilly, Founder & Chairman, V- Guard Industries Limited, Mr. G Vijayaraghavan, Founder CEO, Technopark, Mr. C. J. George, Managing Director, Geojit Financial Services Ltd, Mr. Adikesavan, CGM, SBI and the session was moderated by Dr. Vijayakumar, noted Economist and Financial Analyst on 22nd May 2020 at 6.00 pm. Mr.Jibu Panelists and the audience Paul, KMA President presided over the function,welcome was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, introduction of the speaker was done by Mr. A. Balakrishnan, Digital Forum Chairman, vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary.

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KMA LeaderTalks Session-12: Turn setbacks into comebacks

KMA’s LeaderTalks 12th session was by Mr. Shiv Khera, noted Author, Educator, Business Consultant and Management Guru, on the topic ‘Turn setbacks into comebacks’ in association with Rotary International District 3201, conducted on 30th May 2020 at 4.00 pm. KMA President Mr. Jibu Paul presided over the function, and the welcome address was done by the Rotary Dist. 3201Governor Rtn. R. Madhav Chandran, introduction of the speaker was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, vote of thanks was proposed by Rotaractor S Ajai.

KMA LeaderTalks Session-13:‘Schemes & Benefits for MSMEs’

KMA had a Panel Discussion under the “LeaderTalks” series with Mr. M. Khalid, State President, KSSIA, Chairman & MD - Happy Group of Companies, CA. Jomon K George, Chief Executive Partner, JVR Associates & Former Chairman, CA Institute and Mr. Deepak L. Aswani, Managing Director, Lachmandas & Sons & Co-Chair,FICCI Kerala Chapter on the topic ‘Schemes & Benefits for MSMEs’ conducted on 15th June 2020 at 5.00 pm. KMA President Mr.Jibu Paul presided over the function, Mr. S. Rajmohan Nair, Past President &Chairman-Programme Committee welcomed the gathering, introduction of the speaker was done by Ms. Maria Abraham, Chairperson, MSME Forum, vote of thanks was proposed by Ms. Nirmala Lilly, Vice President KMA.

KMA LeaderTalks Session-14: ‘How Entrepreneurs can make use of Covid-19 related financial packages for MSMEs’

KMA & Dhanam jointly organised another Panel Discussion for its members on ‘How Entrepreneurs can make use of Covid-19 related financial packages for MSMEs’ conducted on 17th June 2020 at 6.00 pm. Representatives from various fields of banking, commerce and industry represented in the event. KMA was represented by its President Mr. Jibu Paul.

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KMA LeaderTalks Session-15: ‘How will Covid -19, and Now China affect our Economy?’

KMA hosted LeaderTalks sessions 15th edition with a scintillating talk by Dr. Subramanian Swamy, Member of Parliament, Rajya Sabha, on the current situation ‘How will Covid -19, and Now China affect our Economy?’ on 19th June 2020 at 6.00 pm KMA President Mr. Jibu Paul presided over the function, Mr. Madhav Dr. Subramanian Swamy during the session, KMA President – Mr. Jibu Paul, Chandran, Sr. Vice Program Committee Chairman– Mr. S Rajmohan Nair, Sr Vice President– Mr. President KMA R Madhav Chandran, Honorary Secretary – Mr.Bibu Punnooran, are seen in welcomed the the photo. gathering, introduction of the speaker was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, vote of thanks was proposed by Mr.Bibu Punnooran, Hon. Secretary.

LeaderTalks Session – 16 : ‘Equipping the Organizations Against Phishing Attacks’

The speakers were Mr. Gautam Kapoor, Partner, Cyber Risk, Risk Advisory Practice, Cyber Risk Leader – North and East India & Digital Identity Leader – India, Deloitte Touche Tohmatsu India LLP and Mr. Praveen Sasidharan, Partner, Cyber Risk, Risk Advisory Practice, Deloitte Touche Tohmatsu India LLP on 6th July 2020 at 5.00 pm. KMA President Mr. Jibu Paul presided over the function, Mr. Madhav Chandran, Sr. Vice A view of the participants President KMA welcomed the gathering, introduction of the speaker was done by Mr. A. Balakrishnan, Chairman-Digital

Forum & MC Member, vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary. 43 KMA Annual Report 2019 - 2020

KMA LeaderTalks Session-17: ‘How to face economic challenges and revive business’

KMA hosted its LeaderTalks session 17th edition with noted Journalist and Columnist Mr. T. K. Arun, Consulting Editor, The Economic Times on the topic ‘How to face economic challenges and revive business’ on 25th July 2020 at 5.00 pm. KMA President Mr. Jibu Paul presided over the function, Mr. Madhav Chandran, Sr. Vice President KMA welcomed the gathering, introduction of the speaker was done by Mr. A. Balakrishnan, Managing Committee Member, vote of thanks was proposed by Mr. Bibu Mr. T. K. Arun, during the session Punnooran, Hon. Secretary.

KMA LeaderTalks Session-18: ‘Ignition 2.0’

KMA hosted LeaderTalks session’s 19th edition with a scintillating talk by Mr. Farookh Sensei, Leadership Empowerment Coach, on the topic ‘Ignition 2.0’ on 29th July 2020 at 5.00 pm. KMA President Mr. Jibu Paul presided over the function, Mr. Madhav Chandran, Sr. Vice President KMA welcomed the gathering, introduction of the speaker was done by Dr. T.K. Raman, Managing Committee Member, Mr. Farookh Sensei interacting with the participants vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary.

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KMA LeaderTalks Session-19: ‘Indian Election: Pillar of Our Democracy- an overview’

KMA LeaderTalks 19th session was by Mr. V S Sampath, Former Chief Election Commissioner of India, on the topic ‘Indian Election: Pillar of Our Democracy - an overview’ on 17th August 2020 at 6.00 pm, President Mr. Jibu Paul presided over the function, welcome was done by Mr. R Madhav Chandran, Sr. Vice President, introduction of the speaker was done by Mr. K. Harikumar, MC Member, vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary. Mr. V S Sampath, addressing the KMA members

KMA LeaderTalks Session-20: ‘Reinventing Enterprises Using Artificial Intelligence’

KMA hosted LeaderTalks sessions 20th edition with a dazzling talk by Mr. Mathew Joseph Vice President & Head of Artificial Intelligence Labs (CIMB Bank, Malaysia), Apar Technologies Pvt. Ltd. on the topic ‘Reinventing Enterprises Using Artificial Intelligence’ on 28th August 2020 at 6.00 pm. KMA President Mr. Jibu Paul presided over the function, Ms. L. Nirmala, Vice President welcomed the gathering, introduced Mr. Mathew Joseph during the interactive session the speaker and vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary.

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KMA LeaderTalks Session-21: K T Chandy Memorial Lecture: ‘Disruptive Innovations in Education’

KMA hosted LeaderTalks session 21st edition as our K T Chandy Memorial Lecture by Dr.Debashis Chatterjee, Director IIM, Kozhikode on the topic ‘Disruptive Innovations in Education’ on 7th September 2020 at 5.00 pm. KMA President Mr. Jibu Paul presided over the function, Mr. Madhav Chandran, Sr. Vice President KMA welcomed the gathering, introduction of the speaker was done by Dr. T.K. Raman, Chairman- K T Chandy Memorial Lecture & Managing Committee Member and vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary.

KMA LeaderTalks Session-22: ‘Recharging the MSMEs’

KMA had the 22nd LeaderTalks session by Mr. K Paul Thomas, Managing Director & CEO, ESAF Bank on the topic ‘‘Recharging the MSMEs’ on 17th September 2020 at 6.00 pm, President Mr. Jibu Paul presided over the function, welcome was done by Mr. R. Madhav Chandran, Sr. Vice President, introduction of the speaker was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, vote of thanks was proposed by Mr. Mr. K. Paul Thomas, along with the KMA office bearers Bibu Punnooran, Hon. Secretary.

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MSME Forum Chairperson: Ms. Maria Abraham

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MSME SUMMIT: ‘HOW TO GROW YOUR BUSINESS TO THE NEXT LEVEL’.

KMA had organized a seminar for Micro, Small and Medium scale Entrepreneurs on 13th November 2019 at Management house. KMA President Mr. Jibu Paul, presiding over the function, said that Kerala needed business clusters for the development of MSMEs which are actually the growth engines of the country's economy. Chairman and Managing Director Mr. P MSME inauguration by lighting the lamp by Mr. P J Kunjachan, Ms. Maria J Kunjachan, Arjuna Abraham, MSME Forum Chairperson, Mr. Jibu Paul, President, Mr. V. Natural Pvt Ltd., Mr. V. Sathyanarayanan, Mr. Shamim Rafeeq and Honorary Secretary Mr. Bibu Sathyanarayanan, Punnooran are nearby. Former President of KMA & Senior Partner, Varma & Varma Chartered Accountants and Mr. Shamim Rafeeq, Business Coach and Corporate Trainer were the speakers for the event.

KMA - MSME Forum Chairperson Ms. Maria Abraham introduced the Speakers & welcomed the delegates. Honorary Secretary Mr. Bibu Punnooran proposed the vote of thanks.

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KMA LeaderTalks Session - 8: Adapt....Adopt....Aspire...

Under the MSME forum, KMA had the “LeaderTalks” 8th session by Ms. Sumathi Srinivas, Founder & CEO, Twilite Group on the topic ‘Adapt....Adopt....Aspire...’ on 13th May 2020 at 4.30 pm, President Mr. Jibu Paul presided over the function,welcome was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, introduction of the speaker was done by Ms. Maria Active participation during the session by Ms. Sumathi Srinivas Abraham, Chairperson MSME forum, vote of thanks was proposed by Mr. Bibu Punnooran, Hon. Secretary.

KMA LeaderTalks Session-13:‘Schemes & Benefits for MSMEs’

KMA had a Panel Discussion under the “LeaderTalks” series with Mr. M. Khalid, State President, KSSIA, Chairman & MD - Happy Group of Companies, CA. Jomon K George, Chief Executive Partner, JVR Associates & Former Chairman, CA Institute and Mr. Deepak L. Aswani, Managing Director, Lachmandas & Sons & Co- Chair,FICCI Kerala Chapter on the topic ‘Schemes & Benefits for MSMEs’ conducted on 15th June 2020 at 5.00 pm. KMA President Mr.Jibu Paul presided over the function, Mr. S. Rajmohan Nair, Past President &Chairman- Panelists and participants on a single screen Programme Committee welcomed the gathering, introduction of the speaker was done by Ms. Maria Abraham, Chairperson, MSME Forum, vote of thanks was proposed by Ms. Nirmala Lilly, Vice President KMA.

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Women Managers Forum Chairperson: Ms. L. Nirmala

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WOMEN'S LEADERSHIP SUMMIT: ‘REALIGNING LEADERSHIP FOR MILLENNIAL WORKPLACE’

Women's leadership skills are inherent to them and they are capable of making the right decisions at the right time, said Dr. M. Beena IAS, Chairperson of Cochin Port Trust. She was speaking after inaugurating the 9th Women's Leadership Summit organized by the

Kerala Management Lighting the lamp by Dr. M. Beena IAS, Mr. Bibu Punnooran, Hon. Secretary, Ms. Association on 20th Lakshmi Menon, Mr. Jibu Paul, KMA President and Ms. L. Nirmala, Forum November 2019 at Chairperson are nearby. the Renai Cochin.

Women should be treated well at workplaces, said, Indian Express CEO Ms. Lakshmi Menon. Kerala Management Association President Mr. Jibu Paul, WMF Chairperson

Ms. L. Nirmala and Hon. Secretary Mr. Bibu Punnooran also spoke. There was a panel discussion on "Cultural Changes for New Normal." Werkenner Business Associate Director Ms. Meera Haridas, Full Contact India Operations General Manager Mr. Joffin Joseph, Royal Enfield Dealer Ms. Hiba Ali Mubarak, Film Director Ms. Roshni Dinakar, Fashion Designer Mr. Sreejit Jeevan were the Speakers.

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KMA LeaderTalks Session - 9: Ensuring a healthy workforce: Immunity & Nutrition in the Covid-19 era.

Under the Women Managers Forum, KMA had the “LeaderTalks” 9th session by Dr. Shikha Sharma, Founder & Managing Director, Dr.Shikha's NutriHealth, on the topic ‘Ensuring a healthy workforce: Immunity& Nutrition in the Covid-19 era’ on15th May 2020 at 6.00 pm, President Mr.Jibu Paul presided over the Dr. Shikha Sharma function,welcome was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, introduction of the speaker was done by Ms. L Nirmala, Vice President & Chairperson, Women Managers Forum, vote of thanks proposed by Mr.Bibu Punnooran, Hon. Secretary.

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M K K Nayar Memorial Lecture Chairman: Mr. Abraham Thariyan

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10th MKK NAYAR MEMORIAL LECTURE

KMA organised 10th MKK Nayar commemorative lecture at Kochi. Advisor to Meghalaya Government Dr. C V Ananda Bose IAS, (Retd) was the Chief Guest on 11th December 2019 at the Renai Cochin.

KMA President Mr. Jibu Paul presided over the function. Former Federal Bank Chairman- Mr. K P Padmakumar delivered Dr. C. V. Ananda Bose addressing the gathering, Mr. Abraham Thariyan, Mr. the commemorative Jibu Paul, Mr. K. P. Padmakumar and Mr. Bibu Punnoran on the dais address, MKK Nayar memorial lecture Chairman- Mr. Abraham Thariyan welcomed the gathering and KMA Hon. Secretary Mr. Bibu Punnooran proposed the vote of thanks.

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K T Chandy Memorial Lecture

Chairman: Dr. T. K. Raman

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K T Chandy Memorial Lecture: ‘Disruptive Innovations in Education’

This year’s K T Chandy Memorial Lecture was addressed by Dr. Debashis Chatterjee Director, Indian Institute of Management Kozhikode over zoom platform on 7th September 2020 at 5.00 pm.

The program was presided over by President Mr. Jibu Paul, Welcome Address was done by Sr. Vice President Mr.R Madhav Chandran, Introduction of the Speaker for K T Chandy Memorial Lecture was Dr. Debashis Chatterjee, delivering the K T Chandy Memorial done by Committee Chairman, Dr. Lecture T K Raman and the Vote of Thanks was proposed by Joint Secretary Mr. Johnson Mathew.

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Innovation Experience Tour Chairman: Mr. A C K Nair

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INNOVATION EXPERIENCE TOUR - Cochin International Airport Ltd.

The first Innovation delegation tour for this KMA year was started with Cochin International Airport Ltd, on 25th October 2019. The tour was attended by 40 KMA members. CIAL is the world's first fully solar-powered Airport and delegates were invited to visit the KMA delegation at CIAL along with Mr. A C K Nair, Airport Director and KMA biggest solar plant President, Mr. Jibu Paul and had a virtual tour of the facilities inside the Airport.

INNOVATION EXPERIENCE TOUR - COCHIN SHIPYARD LIMITED

The second industrial visit of the year of KMA was on 16th November 2019, to India's largest ship building and maintenance facility - Cochin Shipyard Limited (CSL).

The Delegates with CMD of Cochin Shipyard Mr. Madhu S. Nair and KMA President, Mr. Jibu Paul, Hon. Sec. Mr.Bibu Punnooran and MC members:- Ms. Maria Abraham, Mr. C.S. Kartha & Dr. T. K. Raman.

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INNOVATION EXPERIENCE TOUR - TRANSFORMERS AND ELECTRICALS KERALA LTD (TELK)

The third Industrial Visit of the year from KMA was on 20th December 2019 at TELK. It was the first Indian company to manufacture 420 Kv Transformers with oil impregnated paper condenser bushings in the year 1970. KMA members along with MBA Students visited TELK.

The delegates along with President, Mr. Jibu Paul and TELK MD- Mr. Prasad and the Chairman -Industrial visit Mr. A C K Nair

INNOVATION EXPERIENCE TOUR - PETRONET LNG LIMITED

The fourth industrial visit of the year from KMA was on 22nd January 2020, to Petronet LNG Limited.

The delegates and the Student members with Mr. T. N. Neelakantan, Sr.

General Manager & President (Plant Head), Petronet LNG

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Management Education Program Chairman: Mr. P. Premchand

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MEP- ONE DAY WORKSHOP ON ‘DESIGN THINKING’

The Kerala Management Association organized a one day workshop on ‘Design Thinking’ on the 27th November 2019.

The program facilitators for the workshop were Mr. Lijo Joseph and Mr. Sreenath P of Tata Consultancy services, Kochi. The workshop was attended by 36 delegates from various “Design Thinking”- One day workshop at KMA Corporate Houses across

Kerala.

The participants with KMA President, Mr. Jibu Paul, MEP Chairman, Mr. P Premchand and Hon. Secretary Mr. Bibu Punnooan and faculty Mr. Lijo Joseph and Mr. Sreenath P

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MEP- ONE DAY WORKSHOP ON ‘THE MILLION DOLLAR LIFE – The Art of stress free productivity’

The one day workshop on ‘The Million Dollar Life’ was on the 7th of January 2020 at Management House.

The program facilitator for the workshop was Brig. Sushil Bhasin, Speaker, Trainer, Author and Time Investment Strategist with an experience of over 5 The participants with KMA President, Mr. Jibu Paul and MEP Chairman, decades. The workshop was Mr. P Premchand and faculty Brig. Sushil Bhasin attended by 32 delegates from

various Corporate Houses across Kerala.

MEP Seminar: How to productively use Covid times to prepare for the post Covid scenario

As a part of the Management Education Programme, we had the first virtual meeting by Prof. Biju Varkkey, IIM Ahmedabad, on the topic :- “How to productively use Covid times to prepare for the post Covid scenario” on 13th April 2020 at 10.30am. Under the chairmanship of Mr. P. Premchand. He introduced the speaker to the gathering, Sr. Vice President, Mr. Madhav Chandran welcomed and briefed about meeting protocol, President Mr. Jibu Paul presided over the function, Honorary Secretary, Mr. Bibu Punnooran proposed vote of thanks to Prof. Biju Varkkey and the attendees as well.

Prof. Biju Varkkey addressing the gathering A snap of online participants

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Joint meetings with other organizations

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LEADERSHIP ENRICHMENT AND DELIBERATION SEMINAR

Rotary District 3201 and KMA jointly conducted the LEAD Seminar on 18th August 2019 at Le-Meridian International Convention Centre, Kochi. Honorable Minister of State for External and Parliamentary Affairs, Mr. V. Muraleedharan inaugurated the seminar and followed the Keynote address Lighting the lamp by the Chief Guest Mr. V. Muraleedharan by Member of Parliament, Mr. Hibi Eden. Mr. Jibu Paul, President of KMA, addressed the gathering on the specific topic 'Working Together Works'. Our Sr. Vice President Mr. R. Madhav Chandran, the Rotary District Governor, Dt. 3201 presided over the function.

CSR SPECIAL AWARD 2019 from Rotary Dt. 3201

KMA President Mr. Jibu Paul & Immediate Past President Mr. Dinesh P. Thampi receiving the award from the chief Guests

Rotary International Dt.3201 has awarded KMA, the CSR Special Award 2019, for its financial scholarships for education to the 200 students who were affected by the Kerala flood, which was received by KMA President Mr. Jibu Paul and Past President Mr. Dinesh P Thampi at Kochi from the Chief Guest Dr. Gary Huang, The Rotary International Foundation Chair on 3rd September 2019 at Le Meridien Convention Centre, Kochi

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BERCHNOVA 19: Management Fest

The 24th edition of the All India Management Fest conducted by the Berchmans Institute of Management Studies, Changanachery was inaugurated by KMA President Mr. Jibu Paul, and was the Chief Guest and delivered the inaugural speech on 20th September 2019.

The event was exceptionally well attended by Management

Students from all over India Mr. Jibu Paul, KMA President Inaugurating Berchnova-2019 and Dr. Siby along with SB alumni and Joseph K (HOD), Dr. Stephen Mathew (Director) guests.

INTERACTIVE SESSION ON, “PERSONAL BRANDING”

De Paul Institute of Science & Technology, Angamaly had an interactive session with President of KMA Mr. Jibu Paul along with a session about ‘Personal Branding’ for the final year students on 26th September 2019 at their campus. The event was benefited by the 140 MBA & MHRM students and faculties. The placement brochure of final year students – Cognizance 2019 was also released by the KMA President.

KMA President Jibu Paul addressing the students at De Paul Institute of Science & Technology

65 KMA Annual Report 2019 - 2020

10TH SENIOR LEADERSHIP RETREAT – 13th to 15th December 2019, Goa

AIMA’s Senior Leadership Retreat is one of the most sought after senior management programme in India, which aims to connect senior leaders from across industries with visionary leaders and strategists who share their viewpoint on leadership meet, their personal journey, the challenges they encountered on their way to the top and how they continue to excel at The participants along with the dignitaries what they do. KMA President Mr. Jibu Paul was one among the invited leaders.

AIMA Managing Council Meeting – Delhi

AIMA -First Council meeting in September 2019 at Delhi

AIMA Managing Council Meeting – Goa

AIMA Council Meeting in December 2019 at Goa

66 KMA Annual Report 2019 - 2020

AIMA Annual Management Convention 2019

All India LMA Presidents and Secretaries with new AIMA President Mr.Sanjay Kirloskar at Delhi

KMA President Mr. Jibu Paul receiving the AIMA recognition as Council Member from AIMA President Mr. Sanjay Kirloskar

KMA Delegation alsong with Mr .Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group at AIMA Annual Convention- 2019 at Delhi

67 KMA Annual Report 2019 - 2020

KMA LeaderTalks Session-12: Turn setbacks into comebacks

KMA’s LeaderTalks 12th session was by Mr. Shiv Khera, noted Author, Educator, Business Consultant and Management Guru, on the topic ‘Turn setbacks into comebacks’ in association with Rotary International District 3201 conducted on 30th May 2020 at 4.00 pm. KMA President Mr. Jibu Paul presided over the function, and the welcome address was done by the Rotary Dt. 3201 Governor Rtn. R Madhav Mr. Shiv Kheraaddresing the members (T-D) Rtn. Madhav Chandran, Rotary Chandran, introduction of Governor, Mr. Jibu Paul, President KMA, Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee are also seen. the speaker was done by Mr. S. Rajmohan Nair, Past President & Chairman- Programme Committee, vote of thanks was proposed by Rotaractor S Ajai.

KMA LeaderTalks Session-14: ‘How Entrepreneurs can make use of Covid-19 related financial packages for MSMEs’

KMA & Dhanam jointly organised another Panel Discussion for its members on ‘How Entrepreneurs can make use of Covid-19 related financial packages for MSMEs’ conducted on 17th June 2020 at 6.00 pm. Representatives from various fields of banking, commerce and industry represented in the event. KMA was represented by its President Mr. Jibu Paul.

68 KMA Annual Report 2019 - 2020

KMA News – Monthly Newsletter Editor: Mr. Johnson Mathew

The first issue of the KMA News of the year was released in September 2019.

69 KMA Annual Report 2019 - 2020

KMA in the News PR Chairman: Mr. R. Madhav Chandran

The Press and Media had covered KMA’s activities extensively throughout the year giving it a very high level of exposure resulting in enhanced credibility. The Press & Media was highly appreciative of the activities and programmes conducted by KMA over the years.

70 KMA Annual Report 2019 - 2020

71 KMA Annual Report 2019 - 2020

Finance and Accounts Hon. Treasurer: Mr. Jomon K. George

The Audited Statement of Accounts of the Kerala Management Association for the year ended 31st March 2020 is appended to this report. During the financial year there is a net excess of income over expenditure of Rs. 5,89,850.03/-

KMA Secretariat

KMA Secretariat continues to work prolifically under the leadership of the Executive Director Mr. Jayanth P. Narayanan, with continued support from Mr. S. Padmakumar, General Manager (Operations), Mr. Prajith R. Nair, Asst. Manager, Ms. Sanghta Xavier, Management Trainee, and Mr. Ishaq V. I, Office Assistant other staff.

Acknowledgement The Managing Committee wishes to place on record its sincere thanks and appreciation to its members, both corporate and individual, for their support and contribution to the success of various activities of KMA during the year. Committee places on record its gratitude to Resource Persons, Guest Speakers and Dignitaries who graced our numerous functions for their contributions to the activities of the Association during the year. The Committee also expresses its thanks to the All India Management Association, other Local Management Associations and other professional bodies in and around Cochin for their whole hearted support to KMA and for collaborating with KMA. Our Sincere gratitude and appreciation to all our sponsors- LIC of India, BPCL,TCS, V-Guard Industries Ltd., Cochin Shipyard Ltd, Bank of Baroda,Vismay-NCPL, Medivision, Unimoni, Kotak Bank, CIAL, Geojit, TCC & Federal Bank supported us generously in the conduct of the various events held during the year 2019-2020. Our special thanks to all members of the media for their excellent support and cooperation in extensively covering the programmes and activities of KMA and special thanks to ASIANET News for the visual media partnership and Organic BPS and B World for their creative support. The Committee also wishes to place on record its appreciation for the excellent support and cooperation received from the Executive Director and Staff of KMA throughout the year.

72 KMA Annual Report 2019 - 2020

Conclusion Kerala Management Association, one of the oldest and most respected Management Associations in the country, with over 62 years of standing, has been marching ahead with increased energy and vigour. It would be the endeavor of the association to add value to its members by exposing them to modern and scientific management practices. We have fine-tuned many of the existing activities to make them very contemporary and also added many new ones to the list. We trust that the members who are the beneficiaries, would absorb these changes to present themselves with updated knowledge and skills that we are trying to bring forth to you. Only in the meaningful and positive transformation of our members that KMA can find its fulfillment.

We sincerely hope that you are coping well in these difficult times, and taking all necessary precautions to stay safe and healthy at office and home.

The global pandemic has changed the way we live and work. It is changing the whole industry with new Normal. We are facing utterly unexpected challenges. We are sure that we will definitely overcome this also with the power of Confidence!. In the current scenario the living pattern and behaviour of every one of us have changed. It was not a sought after one, but we were forced to adapt it. How to remove panic, uncertainty and adopt strength? We believe the 23 KMA ‘LeaderTalks’ sessions helped us to handle this with ease and also to reinvent ourselves to aspire.

We do present this report for your understanding and perusal. We thank you all once again for your immense co-operation!.

For and on behalf of the Managing Committee KERALA MANAGEMENT ASSOCIATION

Jibu Paul Bibu Punnooran President Honorary Secretary

73 KMA Annual Report 2019 - 2020

74 KMA Annual Report 2019 - 2020

Treasurer Reports

INDEPENDENT AUDITOR'S REPORT To,

The Members, Kerala Management Association, Ernakulam.

Report on the Audit of the Financial Statements.

Opinion

We have audited the financial statements of Kerala Management Association, which comprise the Balance Sheet as at March 31, 2020, and the Income and Expenditure account, for the year then ended, and notes to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements give a true and fair view of the financial position of the entity as at March 31, 2020 and of its financial performance for the year then ended in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).

Basis of Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) issued by ICAI. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the entity in accordance with the ethical requirements that are relevant to our audit of the financial statements in India, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence obtained is sufficient and appropriate to provide a basis for our opinion.

Responsibility of Management and Those Charged with the Governance for the Financial statements. Management is responsible for the preparation and fair presentation of the financial statements in accordance with the aforesaid Accounting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the entity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the entity or to cease operations, or has no realistic alternative but to do so.

75 KMA Annual Report 2019 - 2020

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives is to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

For Maharaj N. R Suresh & Co Chartered Accountants

P Maharaj B.Com., F.C.A

Alwaye (Partner) 04-08-2020 M.No.3521.

76 KMA Annual Report 2019 - 2020

SIGNIFICANT ACCOUNTING POLICIES & NOTES ON ACCOUNTS.

a) General

The financial Statements have been prepared on the historical cost convention. These statements have been prepared in accordance with the generally accepted accounting principles and the applicable mandatory accounting standards. The preparation required adoption of estimates and the assumptions that can affect the reported amounts of revenue and expenditure and the assets and liabilities as well as the disclosure of contingent liabilities. Differences between the actual results and estimates if any are recognised in the year in which they become known or materialises.

b) Fixed Assets

The Fixed Assets are stated at their original cost of acquisition including taxes, duties, freight and other incidental expenses relating to the acquisition and the installation of concerned assets. c) Depreciation

Depreciation has been provided on Fixed Assets under the Written down Value method at the rates and in the manner prescribed under the Income Tax Act, 1961. d) Revenue Recognition

Membership and Subscription fee are accounted on cash basis.

Income from training, Seminars, Conferences, grant/aid/scholarship/donations and interest on deposits are recognized on accrual basis.

e) Employee Benefits

The association is not statutorily required to pay any defined contribution/benefit plan. f) Investments

Investments that are readily realisable and intended to be held for not more than a year are classified as current investments. All other investments are classified as long term investments. g) Income Tax

Income Tax and Deferred Tax Asset / Liability have not been recognised, due to the exemptions available under u/s 11 and 12 of the Income Tax Act. h) Leases

The association has no operating lease assets. i) Impairment of Assets

The Association assesses at each balance sheet date whether there is any indication that an asset may be impaired. If any such indication exists, the association estimates the recoverable amount of the asset. If such recoverable amount of the asset or recoverable amount of the cash generating unit to which the asset belongs is less than its carrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairement loss and is recognised in the income 77 KMA Annual Report 2019 - 2020 and expenditure account. If at the balance sheet date there is an indication that if a previously assessed impairement loss exists, the recoverable amount is reassessed and the asset is reflected at the recoverable amount subject to a maximum of depreciated historical cost. j) Provisions, Contingent liabilities and Contingent Assets

A provision is recognised when the association has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in financial statements. A Contingent Asset is neither recognised nor disclosed in the financial statements.

2. In the opinion of the management, the current assets, loans & advances will realise a value not less than the amounts stated in the Balance sheet, if realized in the ordinary course of business.

3. The balance with the banks in current accounts and fixed deposits were confirmed by the respective banks.

4. The balance of sundry debtors and sundry creditors are subject to confirmation and reconciliation, if any.

Current Year Previous Year

5. Contingent liabilities not provided for in the Accounts: Nil Nil

6. Auditors Remuneration includes:-

For Audit 30,000 30,000

30,000 30,000

7. Previous Year figures have been regrouped / reclassified wherever necessary to suit the current year’s layout.

As per our report even date attached

For Maharaj N.R Suresh & Co Chartered Accountants

P Maharaj B. Com., FCA Alwaye (Partner) Date: 04/08/2020 (M.No. 3521)

78 KMA Annual Report 2019 - 2020

79 KMA Annual Report 2019 - 2020

80 KMA Annual Report 2019 - 2020

SCHEDULES FORMING PART OF ACCOUNTS

Sch.No. Particulars 31.03.2020 31.03.2019

3 Other Deposits

Telephone Deposit 2,000.00 2,000.00

Deposit with CUSAT for Scholarship 8,000.00 8,000.00

Caution Deposit CUSAT 10,000.00 10,000.00 39,547.00 Fixed deposit -Bank Locker 25,000.00 308,338.00 Income Tax paid 308,338.00 23,536.00 Electricity Deposit 23,536.00 Endowment Fund

Federal Bank 29,766.97 32,016.97

State Bank Of India 15,000.00 11,057.00

Total 436,187.97 419,947.97

4 Fixed Deposits with Bank

Federal Bank 4,675,105.55 4,381,986.55

South Indian Bank 5,556,187.00 6,080,211.00 State Bank of India 3,155,065.00 KMA Annual Young Managers Contest Deposit

With South Indian Bank 106,169.00 1,320,548.00

Total 13,492,526.55 11,782,745.55

5 Savings Accounts with banks

Federal Bank SB A/c No3584 37,055.55 35,731.55

State Bank of India A/c No.1295933 194,973.57 2,755,939.94

South Indian Bank A/c. No.3760 (80,278.67) 406,550.90

151,750.45 3,198,222.39

81 KMA Annual Report 2019 - 2020

Tax Deducted At Source 214,383.00 TDS deducted at Source A.Y.2015-16 214,383.00 Tax Deducted at Source A.Y.2016-17 - 212,478.00 Tax Deducted at Source A.Y.2017-18 - 202,370.00 Tax Deducted at Source A.Y.2018-19 331,207.60 331,207.60 TDS Deducted at Source F.Y 2014-15 169,686.00 169,686.00 Tax Deducted at Source 19-20 207,769.00 -

923,045.60 1,130,124.60

1 Other Current Liabilities

Gst Payable 68,446.00 32,362.00 KFC Payable 2,723.00 -

Tds payable 71,011.00 80,752.00

Audit Fees payable 30,000.00 30,000.00

Other payables 5,000.00 5,000.00

177,180.00 148,114.00

82 KMA Annual Report 2019 - 2020

SCHEDULES FORMING PART OF ACCOUNTS

Sch.No. Particulars 31.03.2020 31.03.2019

6 Employee Benefit expenses

Salaries & Allowances 2,195,578.00 2,252,806.00

Staff Welfare Expenses 31,000.00

Staff Medical Expenses 50,000.00 -

Total 2,245,578.00 2,283,806.00

7 Repairs & Maintenance

Repairs & Maintenance- General 153,429.00 27,522.00

Repairs & Maintenance- Building 391,485.00 4,292.00

Housekeeping of Management House 99,000.00 92,611.00

643,914.00 124,425.00

8 KMA News / Journal expenses

Kerala Management News Expenses 276,918.00 263,827.00

KMA Management Development Academy 5,673.00 31,440.00

282,591.00 295,267.00

9 Administration Expenses

AMC Charges 27,700.00 31,400.00

Bank charges 17,783.24 28,372.70

Commission 6,471.00

Communication expenses 40,878.00 43,762.00

ISO -Qms Consultancy Charges 20,000.00

GST Filing Charges 18,000.00 12,000.00 83 KMA Annual Report 2019 - 2020

Internal audit fees 60,000.00 66,000.00

Mobile App Expenses 50,000.00

Newspaper & Periodicals 13,760.00 13,350.00

Office Expenses 34,682.00 54,082.00

PR/Media Expenses 243,755.00 282,250.00

Printing and Stationery 79,176.00 43,938.82 Medical Insurance Policy 6,000.00

Internet Connection charges 31,292.00 31,953.00

Rent for Bank Locker 1,770.00 1,770.00

Travelling and conveyance 83,067.00 83,631.00

Website Hosting expenses 16,000.00 6,000.00

Hall Rent Paid 339,143.00 352,838.00

Total 1,013,006.24 1,127,818.52

10 Membership, Subscription & Fees Received

246,468.00 Entrance Fees 387,750.00

444,000.00 Life Membership Fee 426,000.00

Membership Subscription 1,650,236.00 1,800,609.00

89,965.00 Subscription from AIMA 81,446.00

Total 2,430,669.00 2,695,805.00

11 Income from Event

Income from Event 7,029,558.00 10,673,730.00

Management Forum Income 480,161.00 448,473.00

7,509,719.00 11,122,203.00 12 EVENT EXPENSES

Event Expenses 1,721,877.00 2,123,016.65 84 KMA Annual Report 2019 - 2020

Meeting expenses 668,628.00 707,887.80

Management Convention Expenses 3,219,292.00 5,129,581.50

Management Forum Expenses 463,429.00 478,487.00

Annual Day Lecture & Award Night 995,600.00 1,028,921.41

Management Student Forum Expenses 265.00 128,091.00

7,069,091.00 9,595,985.36

13 Hall rent received Hall Rent - B2B (Regd.) 678,286.00 254,783.00 Hall Rent -B2C (Un Regd.) 450,892.00

678,286.00 705,675.00 14 Management Education Programme system

Management Education Programme 295,756.00 203,432.00

295,756.00 203,432.00 15 Bank Interest Received

Bank Interest 1,648.00 - Interest Received on FD 981,414.00 819,818.00 Interest Received on S/B Account 75,396.00 58,927.00

1,058,458.00 878,745.00 16 Other income

Income tax refund( AY 10-11) 44,249.00 -

Interest on IT refund 38,470.00 -

Other income (As per list attached) 610,393.00 393,713.00

KMA News Sponsorship/ Journal Income 115,000.00 37,500.00

85 KMA Annual Report 2019 - 2020

808,112.00 431,213.00

17 Miscellaneous expenses

Insurance 11,861.00 11,761.00

Interest on TDS 1,788.00 -

Misc. Exp 8,479.00 4,100.00

Bad Debts written off 5,727.00 -

Bad Debt -Other - 855.72

Taxes and fee 56,880.12 74,251.88

Membership Card/kit - 43,834.00

Round Off (1,266.68) 207.01

Industrial Visit Expenses 15,360.00 7,045.00

Total 98,828.44 142,054.61

86 KMA Annual Report 2019 - 2020

87 KMA Annual Report 2019 - 2020

KMA Education Foundation - Auditor’s Report 2019 -20

INDEPENDENT AUDITOR'S REPORT

To,

The Members, K.M.A Management Education Foundation, Ernakulam.

Report on the Audit of the Financial Statements.

Opinion

We have audited the financial statements of K.M.A Management Education Foundation, which comprise the Balance Sheet as at March 31, 2020, and the Income and Expenditure account, for the year then ended, and notes to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements give a true and fair view of the financial position of the entity as at March 31, 2020 and of its financial performance for the year then ended in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).

Basis for an Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) issued by ICAI. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the entity in accordance with the ethical requirements that are relevant to our audit of the financial statements in India, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Responsibility of Management and Those Charged with the Governance for the Financial statements. Management is responsible for the preparation and fair presentation of the financial statements in accordance with the aforesaid Accounting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the entity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the entity or to cease operations, or has no realistic alternative but to do so.

Auditor’s Responsibilities for the Audit of the Financial Statements

88 KMA Annual Report 2019 - 2020

Our objectives is to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

For Maharaj N. R Suresh & Co Chartered Accountants

P Maharaj B.Com., F.C.A Alwaye (Partner) 04-08-2020 M.No.3521.

89 KMA Annual Report 2019 - 2020

SIGNIFICANT ACCOUNTING POLICIES & NOTES ON ACCOUNTS. a) General

The financial Statements have been prepared on the historical cost convention. These statements have been prepared in accordance with the generally accepted accounting principles and the applicable mandatory accounting standards. The preparation required adoption of estimates and the assumptions that can affect the reported amounts of revenue and expenditure and the assets and liabilities as well as the disclosure of contingent liabilities. Differences between the actual results and estimates if any are recognised in the year in which they become known or materialises.

b) Fixed Assets

The Fixed Assets are stated at their original cost of acquisition including taxes, duties, freight and other incidental expenses relating to the acquisition and the installation of concerned assets. c) Depreciation

Depreciation has been provided on Fixed Assets under the Written down Value method at the rates and in the manner prescribed under the Income Tax Act, 1961. d) Revenue Recognition

Income from training, Seminars, Conferences, grant/aid/scholarship/donations and interest on deposits are recognised on accrual basis. e) Investments

Investments that are readily realisable and intended to be held for not more than a year are classified as current investments. All other investments are classified as long term investments. f) Income Tax

Income Tax and Deferred Tax Asset / Liability has not been recognised, due to the exemptions available under u/s 11 and 12 of the Income Tax Act . g) Leases

The association has no operating lease assets. h) Impairment of Assets

The Association assesses at each balance sheet date whether there is any indication that an asset may be impaired. If any such indication exists, the association estimates the recoverable amount of the asset. If such recoverable amount of the asset or recoverable amount of the cash generating unit to which the asset belongs is less than its carrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairement loss and is recognised in the income and expenditure account. If at the balance sheet date there is an indication that if a previously assessed impairement loss exists, the recoverable amount is reassessed and the asset is reflected at the recoverable amount subject to a maximum of depreciated historical cost.

90 KMA Annual Report 2019 - 2020

i) Provisions, Contingent liabilities and Contingent Assets

A provision is recognised when the association has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in financial statements. A Contingent Asset is neither recognised nor disclosed in the financial statements.

2. In the opinion of the management, the current assets, loans & advances will realise a value not less than the amounts stated in the Balance sheet, if realized in the ordinary course of business.

3. The balance with the banks in current accounts and fixed deposits were confirmed by the respective banks.

4. The balance of sundry debtors and sundry creditors are subject to confirmation and reconciliation, if any

Current Year Previous Year

5. Contingent liabilities not provided for in the Accounts: Nil Nil

6. Auditors Remuneration includes:-

For Audit 15,000 15,000

15,000 15,000

7. Previous Year figures have been regrouped / reclassified wherever necessary to suit the current year’s layout.

As per our report even date attached

For Maharaj N.R Suresh & Co Chartered Accountants

P Maharaj B. Com., FCA Alwaye (Partner) Date: 04/08/2020 (M.No. 3521)

91 KMA Annual Report 2019 - 2020

92 KMA Annual Report 2019 - 2020

93 KMA Annual Report 2019 - 2020

KMA MANAGEMENT EDUCATION FOUNDATION

Schedules Forming Part Of Balance Sheet and Profit and Loss A/c

Schedule - 1 - Current Liabilities Particulars Amount Audit Fee Payable 15,000.00

15,000.00

Schedule - 3 TDS Refundable Particulars Amount Income Tax Refundable [F.Y -2012-13] 25,245.00 Tax Deducted at Source-2018-2019 76,432.00 Tax Deducted at Source-2016-17 40,365.00 Tax Deducted at Source-2019-20 56,206.00 TDS Refundable 63,111.00

261,359.00

Schedule - 4 In Fixed Deposit - SIB Particulars Amount

Fixed Deposit SIB - 2552 270,274.00

Fixed Deposit SIB - 2926 602,636.00

Fixed Deposit SIB - 3106 1,040,501.00

Fixed Deposit SIB - 4053 774,220.00

Fixed Deposit SIB - 4446 201,164.00

2,888,795.00

94 KMA Annual Report 2019 - 2020

Schedule - 5 In Savings Bank Particulars Amount

Federal Bank 0833 779,744.78

South Indian Bank 59,320.00

839,064.78

Schedule - 6 KMA Education fund Particulars Amount Education Fund Flood-B.Com/UG 288,000.00 Education Fund -Flood B.Tech 912,000.00 Education Fund-Flood-MBA/CS/MCA 44,000.00 Education Fund Flood-MBBS 308,000.00 Education Fund Flood -Nursing /optometry 241,500.00 Education Fund Flood-Orphan Disable 40,000.00 Education Fund Flood-PG Course 88,000.00 Education Fund Flood-Science Group 525,000.00 2,446,500.00

95 KMA Annual Report 2019 - 2020

96 KMA Annual Report 2019 - 2020

Presidents & Secretaries of KMA 7 Year President Secretary

1957-58 Mr. M. S. Venketaraman Mr. S. Nallaperumal 1958-59 - do - - do – 1959-60 - do - - do – 1960-61 Mr. M. K. K. Nayar Mr. Paul Pothen 1961-62 - do - - do – 1962-63 - do - - do – 1963-64 - do - - do – 1964-65 - do - - do – 1965-66 - do - Mr. K. P. Appu Menon 1966-67 - do - - do – 1967-68 - do - - do – 1968-69 - do - Maj. K. V. N. Nayar 1969-70 - do - - do – 1970-71 - do - - do – 1971-72 Mr. B. K. Khanna Mr. P. Kesavan 1972-73 Mr. Cheeran V. Mathew - do – 1973-74 Mr. K. A. Mathew Mr. P. V. S. Namboodiripad 1974-75 Dr. M. V. Pylee Mr. A. C. Gopinatha Menon 1975-76 Mr. C. Abraham - do – 1976-77 Mr. N. R. Sankar Mr. A. S. Siva 1977-78 Mr. K. P. Hormis - do – 1978-79 Dr. P. K. Narayana Swamy Mr. N. P. Gopalakrishnan 1979-80 Mr. S. G. Sundaram Mr. V. Geevarghese 1-4-80 to 31-12-80 Mr. K. G. Seshan - do – 1981 Mr. N. P. Gopalakrishnan Mr. C. George John 1982 Mr. C. Abraham Mrs. Pamela Anna Mathew 1983 Mr. P. Kesavan Mr. K. P. Joseph 1984 Dr. P. V. S. Namboodiripad Mr. V. N. Venugopal 1985 Mr. D. Jayachandran Mr. A. C. Gopinatha Menon 1986 Mr. N. B. Chandran Mr. J. P. Alexander 1987 Mr. V. N. Venugopal Mr. R. Nandagopal 1-1-88 to 31-3-89 Mr. Thomas Oommen Mr. Sunil K. Zachariah

97 KMA Annual Report 2019 - 2020

1989-90 Mr. K. P. Philip - do – 1990-91 Mr. R. Parthasarathy Mr. K. O. Chacko 1991-92 Mr. T. T. Thomas Mr. George Sleeba 1992-93 Mrs. Pamela Anna Mathew - do – 1993-94 Mr. R. V. S. Mony Dr. P. Ravindranath 1994-95 Mr. S. Sankaranarayanan Mr. A. K. Mathew 1995-96 Mr. N. Srinivasan Mr. Sunil K. Zachariah 1996-97 Mr. V. Geevarghese Mr. O. T. S. Nambiar 1997-98 Mr. A. K. Mathew Mr. G. Rama Mohanan Nair 1998-99 Mr. N. Sreekumar Mr. Jose P. Philip 1999-00 Mr. A. K. Nair Mr. S. R. Nair 2000-01 Mr. M. K. Koshy Mr. S. R. Nair 2001-02 Mr. Jose P. Philip Mr. P. B. Sasidharan Pillai 2002-03 Mr. O. T. S. Nambiar Mr. D. Rejith 2003-04 Mr. S. R. Nair Mr. S. Jayathilakan 2004-05 Mr. Kurian C. George Dr. K. K. Jayan 2005-06 Mr. N. R. Pai Mr. V. Sathyanarayanan 2006-07 Mr. Sunil K. Zachariah Mr. K. N. Shastry 2007-08 Dr. P. Ravidranath Mr. K.N. Shastry 2008-09 Dr. K.K. Jayan Mr. S. Gopakumar 2009-10 Mr. S. Jayathilakan Mr. S. Rajmohan Nair 2010-11 Mr. V. Sathyanarayanan Mr. P. Premchand 2011-12 Mr. K.N. Shastry Mr. K. Antony Sebastian 2012-13 Mr. S. R. Nair Mr. K. Rajan George 2013-14 Mr. S. Rajmohan Nair Mr. Jibu Paul 2014-15 Mr. P. Premchand Mr.Vivek Krishna Govind 2015-16 Mr. Prasad K. Panicker Mr. C.S. Kartha 2016-17 Mr. Mathew Urumbath Mr. R. Madhav Chandran 2017-18 Mr.Vivek Krishna Govind Mr. R. Madhav Chandran 2018-19 Mr. Dinesh P. Thampi Mr. V. George Antony 2019-20 Mr. Jibu Paul Mr. Bibu Punnooran

98 KMA Annual Report 2019 - 2020

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99 KMA Annual Report 2019 - 2020