LEADERSHIP IN THE AGE OF DISRUPTION AIMA 59TH ANNUAL REPORT 2017 - 2018 14 Institutional Area, Lodhi Road, New Delhi-110003 Tel: 24645100/43128100; Fax: 24626689 15, Link Road, Lajpat Nagar - 3, New Delhi-110 024 Website: www.aima.in PERFECT IMPRESSION PVT. LTD. Printed by: ANNUAL REPORT 2017-2018 BLACK PANTHER ADVERTISING PVT. LTD. 59 Designed by: BANKERS Indian Overseas Bank Lok Kala Manch Branch 20, Institutional Area, Lodhi Road, New Delhi 110003 State Bank of India 82-83, Mehar Chand Market Lodhi Road, New Delhi 110003 ICICI Bank Limited NBCC Place, New Delhi Branch, Bisham Pitamah Marg, Pragati Vihar, New Delhi 110003 Bank of Baroda Defence Colony Branch, A8, DDA Shopping cum Office Complex, Defence Colony, New Delhi 110024 AUDITORS Axis Bank Ltd. Khan Market Branch, APT & Co Shop 2A & 2B, Chartered Accountants, Khan Market, A-2/89, Safdarjung Enclave, New Delhi 110003 New Delhi 110029 Citi Bank N.A. 1st Floor, DLF Capitol Point, Kharak Singh Marg, HEADQUARTER New Delhi 110001 Management House Bank of India 14 Institutional Area, CGO Complex Branch, Lodhi Road, Electronic Niketan CGO Complex New Delhi 110003 Plot No. 6, Lodhi Road, Phone : 91-11-24645100, 43128100 New Delhi 110003 Fax : 91-11-24626689 Kotak Mahindra Bank Ltd E-mail : [email protected] A-266, Bhishma Pitamah Marg, Defence Colony, New Delhi 110024 www.aima.in ANNUAL REPORT 2017-2018 CONTENTS President’s Message............................... 5 Office Bearers........................................ 8 Council of Management............................. 10 Key Events............................................. 12 Flagship Events...................................... 17 Knowledge Transfer................................ 41 Global.................................................... 65 Testing & Assessment Services................ 85 Education Services................................. 89 LMA and Membership........................................ 93 Auditor’s Report and Accounts.................103 President’s Message Dear Members, of India to UK; Mr Gopichand P Hinduja, Co-Chairman, Hinduja Group of Companies amongst other business and academic It was my privilege to lead AIMA as its 52nd President through leaders. a very exciting year, marked by some important firsts and further consolidation of AIMA’s traditional strengths. On the international front, AIMA once again was a co- organiser of the Asia Meeting in Kolkata, the India Meeting in AIMA devoted this year to the theme of ‘Leadership in the Age Spain and participated in the Global Meeting in Portugal - of Disruption’. Through the year, we focused on persistent and organised by the global think tank - Horasis: The Global consistent messaging of the need for updating and upgrading Visions Community. It also participated in the 48th St Gallen Indian management and hopefully, AIMA has succeeded in Symposium in Switzerland with a high profile delegation. preparing India’s business leadership for prospering in the Age of Disruption. The AIMA participation in AAMO meetings was maintained. AIMA hosted the Council meeting of Association of Asian In a significant first, we set up a Young Leaders’ Council (YLC) Management Organisations (AAMO) in Goa and participated to bring AIMA closer to the new generation. The YLC will build in A AMO’s CEO/ED meeting in Macau. India will take over the a bridge for AIMA with the young generation of today and it will also become a pipeline for the future leadership of AIMA. Presidency of A AMO in 2020. It is a platform for young entrepreneurs, innovators, AIMA’s flagship events, summits and conferences attracted professionals, artists etc to network and share the emerging substantial participation from the government, business and knowledge in their respective areas. The core organisation of academic leadership. Several prominent political leaders and the YLC is already in place and YLC is ready to start its work. statesmen addressed AIMA including Mr Nitin Gadkari, Mr Another key focus was giving Indian managers exposure to the Ravi Shankar Prasad, Mr Suresh Prabhu, Col Rajyavardhan latest developments in technology and management practices. Rathore, Mr Jayant Sinha, Mr P Radhakrishnan, Mr Babul AIMA took a delegation to Shanghai and Shenzhen to show Supriyo, Mr Jairam Ramesh, Mr Sanjeev Sanyal, Mr Amitabh Indian business leaders how China is revolutionising its economy Kant, Mr Rajiv Kumar, Mr Arvind Gupta, to name a few. through technological innovations. The delegation had a special AIMA maintained its tradition of celebrating achievement. interaction with the Consul General of India in Shanghai, Mr Anil AIMA honoured Mr Nandan Nilekani with the AIMA – JRD Tata Kumar Rai and also met several tech giants and start-ups Corporate Leadership Award and Mr Adi Godrej with the AIMA including Tencent, Fosun, PingAn, DJI amongst others. Life Time Achievement Award. The AIMA Public Service AIMA continued with its existing calendar of international Excellence Award was presented to Mr Anshu Gupta. The events and educational visits. This year too, AIMA held its award jury for the above awards was chaired by Mr N annual US-India Conference at University of Berkeley, Chandrasekaran, Chairman, Tata Sons. AIMA’s coveted California addressed by Indian and International thought Managing India Awards were presented to Mr Ajay G Piramal, leaders. The conference followed a CEO Delegation visit to Acharya Balkrishna, Mr Vijay Shekhar Sharma, Mr Motilal iconic companies of the Silicon Valley including Apple, NASA, Oswal, Ms Indu Jain, Mr Baba N Kalyani, Mr Punit Goenka, Mr Gilead, to name a few. M V Gowtama, Mr Rajan Anandan and Mr Ali Abbas Zafar. AIMA held its Global Advanced Management Programme in Research was given a high priority during the year. AIMA’s the US, once again in June. The programme was led by Prof India Case Research Centre (ICRC) produced its first few case Solomon Darwin, Executive Director, Center for Corporate studies which are ready for publication. In addition, to ensure Innovation, Haas School of Business, UC Berkeley. reach and ease of access, AIMA has created a web presence for the ICRC to host and distribute its case studies. The second edition of AIMA’s UK India Conference was held in London in partnership with the Imperial College. It was As part of AIMA’s research initiative, the 5th edition of the addressed by Rt Hon Baroness Sandip Verma, Member of AIMA Management Capability Index India Report and a study House of Lords, UK; HE Mr YK Sinha, High Commissioner on Industry 4.0 in collaboration with KPMG was carried out. 6 ANNUAL REPORT 2017-2018 AIMA is also working with PwC on two reports - Artificial Manager! Intellectual Leadership is what will differentiate Intelligence and Disruptive Technologies. AIMA in India and I am very hopeful that the LMAs will achieve greater heights in future. AIMA added new courses and revamped its curricula to stay in step with the evolving business environment and industry In addition, AIMA conducted scores of workshops, skill expectations. New areas of specialisations in Post Graduate development and training programmes to build management Management Education were launched during the year capabilities of Indian enterprises, working professionals and covering Digital Marketing, Business Analytics, Financial academia. AIMA sponsored skill development initiative - the Research & Valuation Modelling, Hospitality Management, MEPSC, is also making a big contribution to the national skill Retail Management and Supply Chain Management. pool by organising training and certification of thousands of workers. While undertaking some breakthrough initiatives during the year, AIMA also consolidated its inherent strengths. Financially AIMA did well, earning a surplus of ` 20.60 crores against the budgeted surplus of ` 20.51 crores. The balance AIMA conducted its Global Procurement Summit with the sheet size of AIMA grew from ` 377.49 crores to ` 399.24 support of the Government of India and the World Bank. AIMA crores. jointly organised the South Asia Region Public Procurement Conference along with The World Bank and Government of AIMA has made important strides during the past year and I India. The Conference was inaugurated by Mr Arun Jaitley and am confident that with your support, it will continue to explore addressed by several dignitaries along with Director General, new opportunities to help Indian management become more AIMA. AIMA also launched an exclusive India Procurement efficient and competitive. Portal with the support of The World Bank. The Presidency of AIMA is a continuum. Each President builds On the testing front, AIMA increased its focus on the on the achievements of his/her predecessor and works to computer-based tests to keep up with the trend of digitisation. enhance the quality and impact of all programmes. I have While close to a 100,000 students took AIMA’s Management been fortunate to take up the Presidency of a robust, forward Aptitude Test during the year; more than 280 recruitment looking organisation with a very effective secretariat led by an tests were conducted for the Government, Judiciary, PSUs able DG, Ms Rekha Sethi. I do believe I have added my bit to and private organisations during the year. AIMA as it advances beyond its Diamond Jubilee. AIMA continued to offer its Business Simulation Programmes, As I lay down my office, I thank all Past Presidents, Council Competitions & Quizzes across the country in both open and Members, Office Bearers and LMA’s for their contribution to in-company formats. AIMA and assure our