Annual Report 2017-18 Atal Nagar, P

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okf’kZd izfrosnu Annual Report 2017-18 Atal Nagar, P. O. - Kurru (Abhanpur), Raipur (C.G.) 493 661 Contents

1. Society Members & Board of Governors (As on 31st March 2018) 03 2. From the Director 05 3. About IIM Raipur 06 4. Academic Programmes 07 4.1 Admissions 07 4.2 Post Graduate Programme in Management (PGP) 11 4.3 Fellow Programme in Management (FPM) 13 4.4 Executive Fellow Programme in Management (EFPM) 14 4.5 Summer Internship 16 4.6 Final Placement 18 4.7 6th Annual Convocation 20 5. Faculty & Staﬀ 22 6. Research & Publications 25 7. Awards & Recognitions 31 8. International Conferences, Seminars & Workshop 32 9. Executive Education & Consultancy 35 10. Collaboration & Partnership 36 10.1 International Academic Collaboration 36 10.2 Student Exchange 36 10.3 Events & Activities 37 10.4 Accreditation 37 11. Library 38 12. Students Activities & Achievements 40 13. Infrastructure Development 52 13.1 Permanent Campus 52 13.2 Current Campus 54 14. Right to Information Cell 55 15. Policy on sexual harassment of women at workplace 56 (Prevention, Prohibition & Redressal) & Gender Sensitivity Issues 16. Director’s Report (As per section 26 of IIM Act) 57 17. Grant-in-aid & Corpus Fund 59 18. Audit Report 60 19. Balance Sheet 64 Annual Report 2017-18 1.0 Society Members & Board of Governors

Chairperson, BoG

Smt. Shyamala Gopinath Chairperson HDFC Bank Limited

BoG, Members

Shri Keval Kumar Sharma Ms. Darshana Momaya Dabral Shri. Sunil Kumar Kujur Secretary (Higher Education) Joint Secretary & FA Secretary (Higher Education) Ministry of HRD Department of Higher Education Government of Chhattisgarh

Ms. Shahla Nigar Dr. A. P. Mittal Shri Firdose Vandrevala Secretary (Technical Education) Member Secretary, Former President Government of Chhattisgarh All India Council for Technical Education All India Management Association

Prof. Anjila Gupta Shri. Ashok Jain Shri. Ashish Chauhan Vice-Chancellor Executive Chairman Managing Director & CEO Guru Ghasidas Vishwavidyalaya Jain Irrigation Systems Ltd., Jalgaon BSE, Mumbai

3 Annual Report 2017-18 1.0 Society Members & Board of Governors

Chairperson, BoG

Smt. Shyamala Gopinath Chairperson HDFC Bank Limited

BoG, Members

Prof. Anjila Gupta Shri. Ashok Jain Shri. Ashish Chauhan Vice-Chancellor Executive Chairman Managing Director & CEO Guru Ghasidas Vishwavidyalaya Jain Irrigation Systems Ltd., Jalgaon BSE, Mumbai

3 IIM Annual Report RAIPUR 2017-18 2.0 From the Director

Shri. Anand Shaktikumar Dr. Vijay Chauthaiwale Ms. Anuradha Paraskar Sancheti Independent Healthcare & Independent Business and Managing Director Management Consultant Marketing Consultant SMS Limited, Nagpur

From its inception in 2010, IIM Raipur has emerged as an internationally reckoned institute of management learning. Generous guidance, support and cooperation from the Board of Governors, Faculty and Staff members, the Ministry of Human Resource Development, Government of India and the Government of Chhattisgarh has helped us in realizing this feat.

The institute is striving to outdo itself with each passing year which is well reflected from our growth in the academic year 2017-18. In the year 2017, 211 students were admitted in Post Graduate Program. We also created a historic landmark for ourselves by graduating eight students of Fellow Program in Management this year.

Running successfully into its 9th academic year, IIM Raipur is well established to groom and sensitize the aspirant young minds to be the leaders of tomorrow. The journey for the students at IIM Raipur is a transformational experience, and the academic programs are crafted to develop the students as socially sensitive leaders of tomorrow. Students are constantly Prof. Sanjeev Prashar Prof. Bharat Bhasker encouraged and provided with opportunities to take up new ventures to bring reforms into the society and being a valued Professor Director partner to the society at large. Indian Institute of Management Raipur Indian Institute of Management Raipur The institute is faring well in meeting the expectations of the corporate world, tweaking the programs as per industry requirements in its endeavour to remain relevant by constantly empowering our students with requisite knowledge and skills. Our students are being trained to cater to the various levels of management which relates to the modern economic market to face the challenging situations that are existing globally.

The Student Exchange Programme also witnessed tremendous growth and we are partners with eighteen top business schools across the globe like Grenoble University, IESEG School of Management, HHL Leipzig Graduate School of Management etc. This year fifty-four students were selected from PGP 2016-2018 batch to participate in the exchange program. The institute is constantly evolving its international tie-ups, thereby increasing the opportunity for a greater number of students to be a part of the student exchange process and in turn learn and experience things from a new perspective.

The students have not only contributed in academics but also have brought laurels to the institute being victorious in many national and international level events organised by leading organizations as well as chief business schools across the world like Rotman International Trade Competition in Canada, Kellogg Morgan Stanley Sustainable Investing Challenge in London, V-Guard Big Idea Contest, etc. Our students continue to impress the industry stalwarts which is highlighted by the fact that the institute was able to attract a plethora of coveted profiles and lucrative offers from more than 150 organizations across fields of finance, sales, marketing, operations, etc.

In line with the Institute's long-term vision, we saw significant progress in our efforts to transform into a research-based organisation, in terms of growth in scholarly publications as well as case studies and teaching aids. The top-class journals of the world recognised over forty-five publications from our twenty-six faculty members along with many other publications in international and national level conferences. The faculty members have also been bestowed with prestigious awards and recognitions honouring them for their outstanding contribution in various management disciplines.

The year brought major speakers in the various events conducted. The speech from visionary speakers in TEDx at IIM Raipur enlightened the community about unconventional thoughts and ideas focussing on the importance of operating in an unbounded environment. Many events like Leadership Summit, Equinox and management conclaves were conducted across different fields of marketing, human resources etc providing an interactive platform for students to engage and interact with eminent personalities and gain from their experiences.

I believe we have made significant progress during the year. While there is much to be done in our fulfilment of the Institute's Long-term Vision, I am confident that we are well on the way to creating a sound foundation for accelerated and sustained growth in the years to come.

Dr. Bharat Bhasker Director

4 5 IIM Annual Report RAIPUR 2017-18 2.0 From the Director

Dr. Bharat Bhasker Director

4 5 IIM Annual Report RAIPUR 2017-18 3.0 About IIM Raipur 4.0 Academic Programmes

Indian Institute of Management (IIM) has been set up by the Government of India, Ministry of Human Resource 4.1 Admissions Development in 2010 at Raipur, the capital of Chhattisgarh. Chhattisgarh is one of the fastest growing states of India with its rich mineral, forest, natural and local resources. During the session 2017-18, admissions were made in the following programmes: The Institute believes in preparing ethical leaders who are not only committed to business, commerce and industry but ¡ Post Graduate Programme in Management (PGP) are also socially conscious towards their contribution in nation building and bring in name for the country globally. The ¡ Fellow Programme in Management (FPM) Institute is abuzz with activities carried by the student clubs which are now expanding their scope of activity and ¡ Executive Fellow Programme in Management (EFPM) bringing luminaries from the corporate.

The Government of Chhattisgarh has allotted over 200 acres of land for the proposed IIM Raipur campus in Naya 4.1.1 PGP Admission Raipur. The proposed campus is under construction in full swing. IIM Raipur is likely to shift to its permanent campus in September 2018. The graphical representation of the admission status is as under:

Our Programme: Batch Profile General NC-OBC SC ST DAP T otal I. Doctoral Programmes Male Female Male Female Male Female Male Female Male Female ¡ Fellow Programme in Management (FPM) ¡ Executive Fellow Programme in Management (EFPM) 87 16 43 15 17 13 8 6 4 2 211

II. Post-Graduate Programmes Gender Diversity Educational Background ¡ Post Graduate Programme in Management (PGP) 1% 5% 1% 12% 25% 7% III. Executive Education 4% Arts/Humanities ¡ Open Programmes Engineering/Technology ¡ In-company Programmes Others Male Science Female Commerce/Economics Management Pharmacology/Pharmacy 75% 70%

Diversification (State-Wise) Work Experience

2% 15% 37% 23% No Experience 1-12 Months 13-24 Months 25-36 Months 37 Months & Above

23%

Age

4% 1% 26% 28% Upto 22 Years > 22 to 24 Years > 24 to 26 Years >26 to 28 Years > 28 Years

41%

6 7 IIM Annual Report RAIPUR 2017-18 3.0 About IIM Raipur 4.0 Academic Programmes

Diversification (State-Wise) Work Experience

2% 15% 37% 23% No Experience 1-12 Months 13-24 Months 25-36 Months 37 Months & Above

23%

Age

4% 1% 26% 28% Upto 22 Years > 22 to 24 Years > 24 to 26 Years >26 to 28 Years > 28 Years

41%

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PGP Admission Intake Since 2010-11 4.1.2. FPM Admission No. of Admission Batch Profile 2010 -11 2011 -12 2012 - 13 2013 -14 2014 -15 2015 -16 2016 - 17 2017 -18 General NC-OBC SC ST DAP Total No. of 66 49 115 119 123 143 211 211 Male Female Male Female Male Female Male Female Male Female Admission 2 1 2 0 0 0 0 0 0 0 5

Gender Diversity Educational Background

20% 20% 40%

Engineering/ Male Technology Female Commerce Management Category Wise

2010-11 2011-12 2012 -13 2013 -14 2014- 15 2015-16 2016-17 2017-18 80% 40% General 33 20 52 55 59 65 102 103

NC-OBC 15 17 32 31 32 40 53 58

SC 11 11 18 17 18 21 33 30 Work Experience Age ST 5 1 9 10 11 12 16 14 2 0 4 6 3 5 7 6 DAP 0% 20% 0% 0% 0% Total 66 49 115 119 123 143 211 211

No Experience 18-22 Years 23-27 Years 1-12 Years 28-32 Years More than 12 Years >32 Years

80% 100%

FPM Admission Intake Since 2012-13 Gender Diversity No. of Admission 2010-11 2011 -12 2012-13 2013-14 2014-15 2015 -16 2016-17 2017-18 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Male 54 47 87 77 103 98 146 159 No. of Female 12 2 28 42 20 45 65 52 5 10 6 9 8 5 Admission

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Gender Diversity Educational Background

20% 20% 40%

Engineering/ Male Technology Female Commerce Management Category Wise

2010-11 2011-12 2012 -13 2013 -14 2014- 15 2015-16 2016-17 2017-18 80% 40% General 33 20 52 55 59 65 102 103

NC-OBC 15 17 32 31 32 40 53 58

SC 11 11 18 17 18 21 33 30 Work Experience Age ST 5 1 9 10 11 12 16 14 2 0 4 6 3 5 7 6 DAP 0% 20% 0% 0% 0% Total 66 49 115 119 123 143 211 211

No Experience 18-22 Years 23-27 Years 1-12 Years 28-32 Years More than 12 Years >32 Years

80% 100%

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Gender Diversity 4.2 Post-Graduate Programme in Management (PGP) 2012 -13 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18 Indian Institute of Management Raipur welcomed its 8th batch of Post Graduate Programme in Management and 6th 4 batch of Fellow Programme in Management during the three-day orientation programme held from June 22 to 24, Male 3 7 5 5 5 2017. The Chief Guest Mr. M. Ravi, CEO, Bhilai Steel Plant reiterated the age-old principle of valuing time. He said that Female 2 3 1 4 3 1 time is precious and each and every moment of it should be put into use to create value for the society. He encouraged the students to give back to society once they make the country proud and do something for the betterment of society. He stressed on the importance of effective communication and how it is an important prerequisite for being a good manager. He advised the students to work on the breadth and depth of their communication skills for assured success. He summed up by saying that it is very difficult to find honest people, but these people are the ones who rule the world.

4.1.3. EFPM Admission

Batch Profile

General NC-OBC SC ST DAP Total Male Female Male Female Male Female Male Female Male Female

5 3 1 0 1 0 0 0 0 0 0

Gender Diversity Educational Background

40% 40% 40%

Engineering Male Science Female Prof. Bharat Bhasker, Director, IIM Raipur welcomed the whole PGP 2017-19 batch motivating the students to follow Management their passion and shape their ideas accordingly. He focused on the fact that progress is impossible without change and those who cannot change their mind cannot change anything. It is not the strongest of the species that survives, nor the most intelligent, but the ones most responsive to change. Whatever we study in management today will change 60% 20% tomorrow. He said that efficiency beams a prime priority, we have everything today due to development which we never thought of 20 years back. He encouraged students to be efficient in whatever they do. Nature designed with a random set of genes and circumstances in which we were born. To be happy, we must accept it and make the most of nature's design. Passion will help you do that. He further encouraged the students to set goals to achieve a balanced and successful life and undergo that courses that will ignite their passion. Work Experience Age Dr. S K Mitra, Chairman, Admissions, presented the profile of the students admitted in 2017-19 batch. Dr. PRS Sarma, Chairman (PGP), introduced the students and the faculties, and elaborated on how this programme builds leaders and entrepreneurs through holistic, transformative and innovative education. He stressed on IIM Raipur's mission to 20% 0% 20% 20% 20% prepare ethical leaders who are not only committed to business commerce and industry but are also socially conscious towards their contribution in nation building and bringing pride to the country globally. He summed up by sensitizing 7-10 Years 31-35 Years the students about their obligations towards their society, state, country and the world at large. 11-14 Years 36-40 Years The students got an opportunity to interact with the experts from academia & industry and the learning from them 15-18 Years 41-45 Years would definitely help the students during their journey. >18 Years >45 Years 20% 40% To make the students familiar with the current expectations of the corporate, they were exposed to a panel discussion on “Value of Management in Corporate Performance.” The panelist, Mr. Prasanna Lohar, Head of Technology (Digital 60% Banking), DCB Bank enlightened the students about the new journey they are about to embark in a B school. He

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4.1.3. EFPM Admission

Batch Profile

General NC-OBC SC ST DAP Total Male Female Male Female Male Female Male Female Male Female

5 3 1 0 1 0 0 0 0 0 0

Gender Diversity Educational Background

40% 40% 40%

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focused on the importance of banking and how digital banking is transforming the banking world bringing customers closer to the banks. He also talked about the start-ups as to how they imbibe in the student decision making and time management skills. He also helped the students to understand the execution of financial inclusion model. He also 4.3 Fellow Programme in Management (FPM) throwed light on the topics like artificial intelligence, IOT, block chain, cloud computing and upcoming technologies to keep on exploring and improving the ideas to transform the world. He revealed the expectations from the budding The 6th batch of FPM was inaugurated with the 8th batch of PGP by the Chief Guest, Shri M Ravi, Chief Executive managers in utmost candid manner quoting the need for agility and the zeal to discover one's own competence. Officer, Bhilai Steel Plant (SAIL) in the three-day orientation programme from June 22-24, 2017.

Another panelist Mr. Vikesh Walia, Director General (West), Bennet Coleman inspired the students by sharing his real- Programme Objective time experiences. He quoted the importance of corporate governance in the present-day scenario and the need for a manager to act as a catalyst and bring about the change inside the organization by managing the stakeholders. He The objectives of the programme are: focused on transparency, democracy and empowerment for the success of any business. He also talked on the battle between kirana and e-commerce communities. ¡ To provide students with necessary skills to identify and research complex issues in the field of management and disseminate their findings into publications of international standards The third panel member Mr. Jaskamaljit Singh Bhuie, Vice President (Manufacturing), Jubilant Life Sciences Limited ¡ To contribute to the creation, transmission and application of knowledge in the field of management explained the relevance of management. He talked about the environment management quoting that if more people ¡ To do research and publications of international standard in inter-disciplinary areas management that will are aware about their subjects then we can do less damage to the environment. So, basic knowledge of environment add value to the society and to the body of knowledge management is important to spread awareness. He focused on the need of customer orientation and change ¡ management to excel in the corporate. He advised the students to rethink from the very basic i.e. what their goal is To meet the teaching and research manpower needs of academia and industry by producing highly skilled and what are the obstacles on the path. Based on that, this is the time to build the skills required to overcome them and individuals with exceptional analytical ability and training be successful in life. He told them to develop the stress coping mechanisms to deal with the pressure that they are going to experience in the coming two years. Following areas of specialization are available at IIM Raipur:

Thus, a three-day orientation program including the panel discussion gave a flavor of corporate life to the 2017-19 ¡ Business Policy and Strategy batch of IIM Raipur. With all things in place for the new batch, IIM Raipur is once again all set to groom global leaders ¡ Economics and Business Environment for the corporate world and high-quality researcher for the academic world. ¡ Finance and Accounting ¡ Marketing Program Objectives: ¡ Operations Management The Post- Graduate Programme in Management (PGP) is the flagship Programme of IIM Raipur. The PGP is aimed at ¡ Organisational Behaviour & HRM providing an overall development of the students and groom them as future business leaders to successfully face the ¡ IT & Systems challenge of global competition and dynamic market scenario. Program Structure The objectives of two-year Post-Graduate Programme are: The fellow programme at IIM Raipur has the following four components: ¡ To understand the socio-economic, technological, ecological and political environment of India and the world ¡ To hone the problem-solving skills, increase the affinity to innovation and the passion for creativity ¡ Mandatory Course Work ¡ To develop global mind set to meet the challenges of international business and work in a cross-cultural ¡ Comprehensive Examination environment ¡ Thesis Proposal Formulation ¡ To create socially responsible and globally competitive management graduates who can effectively ¡ Thesis Submission and Defense contribute to inclusive growth of the society ¡ To develop a sense of social purpose for managerial decision-making and to develop leadership capabilities without compromising on ethical values Mandatory Course Work

During first year of the programme the students acquire knowledge of the discipline and functional areas of Curriculum: management and general management. The FPM students, irrespective of their area of specialization, take a compulsory set of courses in the first year. At the end of the first year, they undergo a summer placement/summer The PGP extends over a period of two years, involving six trimesters with a summer internship at a prestigious research assignment under the advice/guidance of his/her Academic Advisor. organization. The Programme is carefully designed keeping in view the changing needs of the global business scenario. The FPM students who already have a one/two/three-year full-time classroom based PGDM/PGP from any of the IIMs or MBA from IITs or MBA /PGDM from Universities / Institutes with International accreditation would be exempted During the first year, students are exposed to basic concepts in the areas of Marketing, Finance, Quantitative Methods, from the first year course work including the summer work provided they have obtained a minimum CGPA of 6 on a 10- Operations, Behavioural Sciences and Strategy through the core courses. These lay the foundations for all functional point scale or an equivalent 3.0 in 4.0-point scale and the corresponding letter grade `B'. They will directly enter into areas of management and help the students develop an intricate understanding about the different facets involved. In the second year. However, they will have to take the FPM compulsory courses (offered in the first year) along with their the second year, students are exposed to specialization topics of their own choice. second year course work. In addition, the sentient area may recommend additional first year courses for FPM candidates in the exempted category, if area members feel that the candidate(s) requires additional inputs in the core Pedagogy discipline.

The pedagogy at IIM Raipur presents a mix of lectures, case studies (both International and Indian cases), business During second year of the programme the students acquire in-depth knowledge of the area of specialization and games, simulation exercises, role plays, group discussions, field visits, industry-based projects and a lot of self- related fields. In addition, students take the PGP/FPM elective courses, which are specially designed to provide an in- realized conceptual reflection. It has been designed keeping in mind the effect each of these methods have on depth understanding of the area of their research as well as to develop teaching skills. moulding the minds of young and self-motivated students. Case studies help the students to keep in touch with the best predicaments faced in the world of management. The most interesting part of learning comes from the brainstorming sessions amongst the students themselves regarding various issues.

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Comprehensive Examination ¡ Operations Management (1.5 credits) ¡ Management Information Systems (1.5 credits) On completion of the second year course work, the student takes the comprehensive examination. The ¡ Corporate Finance (3.0 credits) comprehensive examination at the end of the 2nd year, tests whether the student has obtained a satisfactory level of ¡ Organization Behaviour and Human Resources Management (3.0 credits) knowledge in his/her field of specialization and whether s/he has satisfactorily integrated the various courses taken by ¡ him/her in the area. While the course work formally gets over with the completion of comprehensive examination, Marketing Management (3.0 credits) students are encouraged to continue taking advanced courses of interest even further into their research work. ¡ Strategic Management (3.0 credits)

Thesis Proposal Formulation Module 2 & 3: Research Module:

After passing the comprehensive examination, the student enters the thesis writing stage. The student first develops a Module 2 and 3 will be advanced research modules of four weeks each. These modules contain subjects that creates thesis proposal, for which s/he identifies a research topic, identifies the members of the Thesis Advisory Committee foundation to research. (TAC), gives a seminar on the thesis proposal to IIM Raipur's academic community, and gets the thesis proposal approved by the TAC. ¡ 2 Area EFPM Level Courses (6 credits, offered one each in October and January) ¡ 1-2 Related Area EFPM level courses (3-6 credits) Thesis Submission and Defense ¡ 2-3 Research Full Courses (or 4-6 double half courses) (6-9 credits) ¡ Econometric Methods On approval of the thesis proposal, the student works closely with the TAC on his/her thesis work. When the candidate's supervisor judges that the thesis is complete, the student gives a seminar on the thesis work and Following is the list of suggested Research Course (1.5 credits each) subsequently defends the thesis orally before a Thesis Examination Committee. The Chairperson (Fellow Programmes) appoints the Thesis Examination Committee comprising the thesis advisor and other members. ¡ Qualitative Research Techniques ¡ Multivariate Data Analysis ¡ Experimental Design 4.4 Executive Fellow Programme in Management ¡ Econometric Modelling ¡ Structural Equation Modelling The inauguration programme for 5th EFPM 2017 batch was held on 3rd July 2017. The fifth batch of the EFPM program has five research scholars who shall pursue their fellowship in different areas of management like marketing, HR, Additionally, a scholar will begin a course of independent study (CIS) under a faculty advisor from his/her area. The finance and operations. The batch was carefully selected after a rigorous process of selection that involved a written CIS comprises 6 credits and will continue till March end of the first year. test and an interview. The 5th batch of EFPM has working executives interested in pursuing a career in research and academics. They are from diverse backgrounds and companies like Govt. of Chhattisgarh, Reserve Bank of India, Comprehensive Examination NABARD, DBS Bank Ltd & Excel Education. Most of the scholar's work at senior levels in these companies (Director, Secretary, Asst. General Managers, Manager, etc.). They work in different domains in their area like marketing, HR, IT Two months after the completion of the coursework, a candidate has to take a comprehensive examination to assess and Finance. the suitability of the candidate for the thesis work. If a candidate is declared pass, he/she goes to the next stage, else he/she may be asked to do a term paper and on the completion of the term paper withdraws from the programme by Programme Objective getting a certificate titled “Certificate in Management Teaching.”

The major objective of this programme is to develop high quality researches and provide essential exposure to various Thesis Work areas of management. The specific objectives of the programme are: This phase embarks students on his/her doctoral level research, comprising of thesis proposal defense, thesis writing, a. To provide scholars with necessary skills to identify and research complex issues in the field of management and thesis examination. The thesis should be a scholarly contribution to the knowledge pertinent to the understanding in real life world and resolution of management problems. b. To contribute to the creation, transmission and application of knowledge in the field of management c. To do research and publications of international standards in inter-disciplinary areas of management that will Specialization add value to the society and to the body of knowledge The Institute presently offers Executive FPM in the following area of specialization: d. To meet the teaching and research manpower needs of academia and industry by producing highly skilled individuals with exceptional analytical ability and training in conducting applied research ¡ Business Policy and Strategy ¡ Economics and Business Environment Program Structure ¡ Finance and Accounting The programme has two components. The first component of the programme consists of on-campus course work ¡ Information Technology and Systems involving a series of courses followed by a comprehensive examination. The second component of the programme ¡ Marketing Management consists of thesis work. The on-campus course work has three modules: ¡ Operations Management ¡ Organizational Behaviour & HRM Module 1: Foundation in Management:

This is our eight-week integrated course on foundation of management. This module can be waived for students with PGP/EPGP from IIM's. The following courses are in Module I:

¡ Business Research Methods (1.5 credits) ¡ Business Economics (1.5 credits)

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Thesis Proposal Formulation Module 2 & 3: Research Module:

This is our eight-week integrated course on foundation of management. This module can be waived for students with PGP/EPGP from IIM's. The following courses are in Module I:

¡ Business Research Methods (1.5 credits) ¡ Business Economics (1.5 credits)

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4.5 Summer Internship (PGP 2017-19) Stipend Details

Introduction This year saw a tremendous rise in average stipend across all functional areas. The highest stipend offered was INR 2,00,000 and the average was INR 69,627. Students were also offered International Internships. Indian Institute of Management Raipur is delighted to announce the successful completion of summer placement season for the 2017-19 batch. The students of IIM Raipur continue to impress the industry stalwarts which is highlighted by the fact that the Institute was able to attract a plethora of coveted profiles and lucrative stipends. More than 150 organizations showed interest in hiring students from IIM Raipur which is a true testament to the quality of talent that they possess.

Student Profiles Industry Distribution The batch of 2017-2019 is a mix of students coming from diverse background with a good blend of freshers and Manufacturing and consulting sectors went on to pay few of the highest stipends while the highest average stipend candidates with work experience averaging 26 months. The students' yearn for excellence is evident from their was paid by media and oil/energy industries. Students planning their future in IT/ITES and consulting sector received immaculate performance in various professional examinations and certification like CA, CFA, and Lean Six Sigma. a pleasant surprise with nearly 47% of the recruiters recruiting formed these sectors. There was a boom in industrial diversity with students receiving offers from agriculture, automotive, construction, education, healthcare, pharma, retail, sports and telecom.

Batch Strength

Despite having a large batch size of 208 students, Institute was able to pull off a stellar summer placement season as the number of companies visiting campus took a sharp increase, adding several reputed corporate brands to the growing list of recruiters. The academic rigor, enthusiasm, discipline & business acumen of the candidates ensured that IIM Raipur maintained its position as the most sought-after campus for the future corporate leaders. As IIM Raipur continues its journey to create the global leaders of tomorrow, the Institute would like to express its gratitude to the corporate leaders who bestowed their trust upon the students. We look forward to continuing a long and collegial relationship with them in the future as well.

Sales & Marketing

The prominent recruiters were 3M, Berger Paints, Bharat Forge, BlueStar, BPCL, Britannia, Carlsberg, Hindustan Coca Cola Beverages, Hyatt, IOCL, iimjobs.com, Media.net, Michelin, Nestaway, PepsiCo, Perfetti Van Melle, Tata Steel, TAFE, Wipro.

Domain Distribution Finance

The profiles offered to the students belonged to various functional areas with sales and marketing being opted by 57% Top recruiters included Axis Bank, Bajaj Finserve, Duff & Phelps, Edelweiss, Ernst & Young, HDFC Bank, ICICI Bank, of the batch, followed by finance & IT operations. Jindal Steel and Power, Kotak Mahindra Bank, RBI, Singhi Advisors, V-Guard. Operations & IT

This sector witnessed huge participation from corporate giants such as Abbott India, DCM Sriram, Google, Hindustan Coca Cola Beverages, Honda, IndiaMart, L&T, Mahindra Logistics, QuessCorp, Sutherland, TVS Logistics, VMWare, Wipro.

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4.5 Summer Internship (PGP 2017-19) Stipend Details

Batch Strength

Sales & Marketing

Domain Distribution Finance

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Analytics, Consulting & General Management Domain-wise split up

Some of the prominent recruiters included 36 Inc, Backspace Consulting, Brandcare, Deloitte, Ernst & Young, Sales and marketing established itself as the most sought-after domain as 32% of the batch received offers for these FutureBrands, Indegene, Stratview Research, VMWare. roles. Analytics & Consulting profiles saw a tremendous rise, with 26% students getting impactful roles in some of the most prestigious companies. A plethora of offers were also made in Operations & IT domain with many companies Human Resources offering strategic roles.

Top recruiters in Human Resources domain were Deloitte, DE Shaw, Pinnacle Infotech, Reliance ADA, GR Group.

4.6 Final Placement (PGP 2016-18)

Introduction

Affirming its position as a premier business school of the country, IIM Raipur takes immense pride in successfully completing the final placement for the batch of 2016-18. The talent and business acumen of the PGP students coupled with their exceptional performances have aided in making the Institute a preferred choice of recruiters for yet another year. The increased strength of the batch was immensely supported by the industry as it is highlighted by the massive participation by new recruiters in this season.

Industry Distribution

BFSI was the leading industry in the season as the Institute witnessed the participation of all major banks and renowned financial institutions. The consulting industry also saw a rise, as a number of lucrative opportunities were offered by this industry. The diversity of the participating industries is a testimony of the faith instilled by the upcoming and niche sectors like construction, healthcare, media, aviation, logistics etc. As IIM Raipur continues its journey to create the global leaders of tomorrow, the Institute would like to express its gratitude to the corporate leaders who bestowed their trust upon the students and look forward to continuing a long and collegial relationship with them in Batch Profile the future as well.

The Class of 2016–18 comprised of 201 future leaders, from a myriad of diverse backgrounds, coming from a range of educational and corporate experience. The batch maintained its gender ratio which consists of eclectic blend of students having previous work experience averaging 24 months along with significant number of perspicacious freshers. The excellence of the batch is evident by number of prestigious certifications such as CA, CFA, FRM, CS, Lean Six Sigma and SCM.

Distribution of Salary Batch Strength Despite the increase in batch size by 44%, the domestic average and median stood at INR 12,45,359 and INR 12,15,200 respectively. The highest domestic package offered was INR 22,05,000. Highest International CTC offered The season witnessed a continued participation from our established recruiters highlighting a symbiotic relationship (Per Annum) was 61.8 lakh package. and their belief in budding industry leaders of the Institute. They reinforced their immense faith in brand IIM Raipur by offering students a plethora of coveted roles and niche profiles. The increase in number of PPOs/PPIs is a testimony to the outstanding performance of the students in their summer internship.

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Analytics, Consulting & General Management Domain-wise split up

Top recruiters in Human Resources domain were Deloitte, DE Shaw, Pinnacle Infotech, Reliance ADA, GR Group.

4.6 Final Placement (PGP 2016-18)

Introduction

Industry Distribution

18 19 IIM Annual Report RAIPUR 2017-18

Sales and Marketing “Chhattisgarh is a very rich state in terms of natural resources. We produce 25% of the total production of Cement, Aluminium and Steel in India. But when I took office in 2003, I stressed upon the importance of developing human The pioneer recruiters who expressed interest were Artius Interiors, Berger Paints, Bharat Forge, Birla Gold, Chai capital. IIM Raipur is one such Institute that has added to the human capital of the state.” Point, Coffee Day Beverages, DCM Sriram, Decorazzi, DS Group, Godrej, TAFE, Tata Steel, Ultratech, ValueLabs. Dr. Singh shared his experience with the students where he used management to bring railway projects to the states. When the centre was facing a budgetary constraint, he got the project approved through PPP model. He also used Finance dashboard like any other manager to keep a track of work-progress. He also emphasized how management consulting firms like PWC and Deloitte play an important role in ensuring good governance. Top recruiters included Aditya Birla SunLife Insurance, Analytics Quotient, Axis Bank, Decimal Point, Deloitte, Fino Congratulating the students on the occasion, he encouraged students to contribute to the society by instilling a sense Payments Bank, Futures First, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Larsen & Toubro, Purnartha, RBL Bank, of social entrepreneurship. Spandana Sphoorty, Trafigura, TresVista Financial Services. On the parting note, he assured the director of IIM Raipur of a smooth supply of power and water in their new campus. Operations & IT Ms. Shyamala Gopinath, the Chairperson, Board of Governors, IIM Raipur welcomed the guests and congratulated the This sector witnessed huge participation from corporate mammoths such as Accenture, Air Charter Services, APL students on successfully completing the program. She said, “Today is a proud moment for all of us here. I feel happy to Apollo, BigWin Infotech, Blue Star, Cholamandalam, Cognizant, Decathlon, Indiamart, Infosys BPM, iVIS be in front of the bright, energetic young minds of India. Heartiest congratulations to all graduating students, their International, Kwench Global Technologies, Mphasis, Mu Sigma, Rentomojo, Tredence Analytics, VM Ware, Wipro. parents, faculty, staff members and the entire team on this milestone achievement.”

Consulting & General Management Prof. Bhasker spoke words of encouragement for the outgoing batch. He said, “I would now like to share my feelings with graduating students for whom this day marks a major milestone. Today, when you step out of this Institution, Some of the prominent recruiters included Analytics Quotient, Backspace Consulting, Career Launcher, CP Group, people will ask you, what are your life-plans? My advice to you is to have no life-plans. It's because we live in an Deloitte, EdCIL, GMR, Latentview Analytics, Mu Sigma. environment subject to business and technical innovation and geopolitical disruptions. Here, new opportunities and challenges arise every day. By fixing a life-plan at this early stage, you'll put a limit at your success. The two years that Human Resources you have spent here have made you able enough to take decisions in dynamic situations. So, conquer the world with your dictum of leadership.” Top recruiters in this sector included Deloitte, DTDC, Jaipur Rugs, Reliance, RITES. He took this opportunity to inform the audience that IIM Raipur bagged the 14th position in a recent ranking by National th 4.7 6th Annual Convocation Institutional Ranking Framework (NIRF) 2017 improving upon its previous rank of 18 . Not just this, IIM Raipur has been identified as one of the top research-based Institution in India. Indian Institute of Management Raipur celebrated its 6th Annual Convocation on May 05, 2017. The Chief Guest, Dr. Total of 135 students of FPM, PGP and PGPWE were graduated i.e. 1 (one) of FPM 2013 batch, 29 (twenty nine) of Raman Singh, Hon'ble Chief Minister of Chhattisgarh, Smt. Shyamala Gopinath, Chairperson, BOG, IIM Raipur and 2014-16 batch, 92 (ninety two) of PGP 2015-17 batch & 13 (thirteen) students of PGPWE 2015-17 batch. Prof. Bharat Bhasker, Director IIM Raipur were present at the ceremony. Excitement filled the air as the students were awarded medals and their diplomas with proud parents beaming with Chief Guest, Dr. Raman Singh on the occasion expressed, “It's a golden moment in the history of Chhattisgarh State. I joy. Amidst thunderous applause the medals were awarded by the Honourable Chief Minister, Dr. Raman Singh. Medals have been a part of IIM Raipur's journey since its inception. I remember in 2010, when we got the approval to establish for meritorious performance were awarded namely: IIM Raipur. Today, I feel similar to how a gardener feels when he sees his flowers blossoming. IIM Raipur was started with a mission and will certainly achieve it, given its pace of growth.” l The Board of Governor's Chairperson Gold Medal for best academic performance in the graduating class was awarded to Mohit Jethi. l The Director's Gold Medal for second best academic performance in the graduating class was awarded to Rahul Ranjan. l The Post-Graduation Programme Chairman Gold Medal for the third best academic performance in the graduating class was awarded to Shubham Bawa. l The Best Overall Performance Gold Medal for the batch 2014-16 was awarded to Pranav Kumar. l The Board of Governor's Chairperson Gold Medal for best academic performance for PGPWE 2014-16 batch was awarded to Umesh Malayath.

Building on the achievements of IIM Raipur, Prof. Bharat Bhasker, Director, IIM Raipur released the Director's report. A copy of the souvenir was presented to the Chief Guest and other guests present at the occasion. 20 21 IIM Annual Report RAIPUR 2017-18

5.1 Full Time Faculty Marketing

Business Policy and Strategy Dhananjay Bapat, Assistant Professor, Ph.D., Sardar Patel University

Jagrook Dawra, Associate Professor, Ph.D., ICFAI University; Post Doc, Indian School of Business, Hyderabad Salman Ali, Assistant Professor, Fellow, IIM Ahmedabad

Sanjeev Prashar, Professor, Ph.D., University of Kurukshetra Samar Singh, Assistant Professor, Fellow, IIM Ahmedabad

Vinita Sahay (On Leave), Professor, Ph.D., CSJM University Satyasiba Das, Assistant Professor, Ph.D., Norwegian University of Science and Technology, Norway; Post Doc, National University of Ireland

Decision Science and Systems Operations Management

Bharat Bhasker, Professor, Ph.D., Virginia Tech, USA Gopal Kumar, Assistant Professor, Ph.D., IIT Kharagpur; Postdoc, DCU, Dublin

Gunjan Tomar, Assistant Professor, Fellow, IIM Indore Mohit Goswami, Assistant Professor, Ph.D., IIT Kharagpur

Manojit Chattopadhyay, Assistant Professor, Ph.D., University of Calcutta Parikshit Charan, Assistant Professor, Ph.D., IIT Delhi

R. K. Jana, Assistant Professor, Ph.D., IIT Kharagpur; Postdoc, NUS; Postdoc, George Mason University, USA PRS Sarma, Assistant Professor, Ph.D., IIT Delhi

Sumeet Gupta, Associate Professor, Ph.D., National University of Singapore

Economic Environment & General Management

Archana Parashar, Assistant Professor, Ph.D., Devi Ahilya University

Pradyumna Dash, Associate Professor, Ph.D., IIT Bombay

Rashmi Shukla, Assistant Professor, Fellow, IIM Indore

Finance & Accounts

M. Kannadhasan, Associate Professor, Ph.D., Anna University

Sabyasachi Mohapatra, Assistant Professor, Ph.D., IIT Kharagpur

Subrata Kumar Mitra, Associate Professor, Ph.D., University of Pune

Vinay Goyal, Assistant Professor, Ph.D., Devi Ahilya University

Yogesh Chauhan, Assistant Professor, Ph.D., IBS Hyderabad

HRM & Organizational Behaviour

Eeman Mallick, Assistant Professor, Ph.D., IIT Kharagpur

Pankaj Singh, Assistant Professor, Ph.D., IIT Kharagpur

Payal Anand, Assistant Professor, Fellow, IIM Indore

22 23 IIM Annual Report RAIPUR 2017-18 5.0 Faculty & Staff

5.1 Full Time Faculty Marketing

Business Policy and Strategy Dhananjay Bapat, Assistant Professor, Ph.D., Sardar Patel University

Jagrook Dawra, Associate Professor, Ph.D., ICFAI University; Post Doc, Indian School of Business, Hyderabad Salman Ali, Assistant Professor, Fellow, IIM Ahmedabad

Sanjeev Prashar, Professor, Ph.D., University of Kurukshetra Samar Singh, Assistant Professor, Fellow, IIM Ahmedabad

Vinita Sahay (On Leave), Professor, Ph.D., CSJM University Satyasiba Das, Assistant Professor, Ph.D., Norwegian University of Science and Technology, Norway; Post Doc, National University of Ireland

Decision Science and Systems Operations Management

Bharat Bhasker, Professor, Ph.D., Virginia Tech, USA Gopal Kumar, Assistant Professor, Ph.D., IIT Kharagpur; Postdoc, DCU, Dublin

Gunjan Tomar, Assistant Professor, Fellow, IIM Indore Mohit Goswami, Assistant Professor, Ph.D., IIT Kharagpur

Manojit Chattopadhyay, Assistant Professor, Ph.D., University of Calcutta Parikshit Charan, Assistant Professor, Ph.D., IIT Delhi

R. K. Jana, Assistant Professor, Ph.D., IIT Kharagpur; Postdoc, NUS; Postdoc, George Mason University, USA PRS Sarma, Assistant Professor, Ph.D., IIT Delhi

Sumeet Gupta, Associate Professor, Ph.D., National University of Singapore

Economic Environment & General Management

Archana Parashar, Assistant Professor, Ph.D., Devi Ahilya University

Pradyumna Dash, Associate Professor, Ph.D., IIT Bombay

Rashmi Shukla, Assistant Professor, Fellow, IIM Indore

Finance & Accounts

M. Kannadhasan, Associate Professor, Ph.D., Anna University

Sabyasachi Mohapatra, Assistant Professor, Ph.D., IIT Kharagpur

Subrata Kumar Mitra, Associate Professor, Ph.D., University of Pune

Vinay Goyal, Assistant Professor, Ph.D., Devi Ahilya University

Yogesh Chauhan, Assistant Professor, Ph.D., IBS Hyderabad

HRM & Organizational Behaviour

Eeman Mallick, Assistant Professor, Ph.D., IIT Kharagpur

Pankaj Singh, Assistant Professor, Ph.D., IIT Kharagpur

Payal Anand, Assistant Professor, Fellow, IIM Indore

22 23 IIM Annual Report RAIPUR 2017-18 6.0 Research & Publications

5.2 Visiting Faculty Publications of IIM Raipur

Dr. B. Koteswara Rao Naik, Assistant Professor, National Institute of Industrial Engineering (NITIE), Mumbai A summary of the publications of IIM Raipur is presented in the table below.

Prof. I Shridhar, Assistant Professor, IIM Indore No. Type of Publication Nos 1 Journal Papers 49 Prof. K. Kiran Kumar, Associate Professor, IIM Indore 2 International Conference 10 3 National Conference 7 Dr. Neeraj Pandey, Associate Professor, National Institute of Industrial Engineering (NITIE), Mumbai 4 Cases 18 Prof. P G Apte, Former Director & Professor, IIM Bangalore 5 Case Series books 2 T otal 86 Dr. Sangeeta Sahney, Professor, IIT Kharagpur

Dr. Sanjay Dhir, Assistant Professor, IIT Delhi 6.1 Research Paper Publications in Refereed Journals

Dr. Gopal Das, Assistant Professor, IIM Rohtak ¡ Bapat, D. (2017). Linking strategic orientation with performance: Implication for Indian banks. Strategic Change, 26(4), 403-411. Prof. Rohit Joshi, Associate Professor, IIM Shillong ¡ Basu, E., Pradhan, R. K., & Tewari, H. R. (2017). Impact of organizational citizenship behavior on job performance in Indian healthcare industries: The mediating role of social capital. International Journal of Mr. Praveen Kumar Kumbla, General Manager & HR Head - Global Delivery Enablement at Wipro Limited Productivity and Performance Management, 66(6), 780-796. ¡ Bhatia V., Das, S., & Mitra, S.K. (2018). Crude oil hedging with precious metal : A Dcc-Garch approach. Dr. Saurabh Pandya, Assistant Professor, XLRI Jamshedpur Academy of Accounting and Financial Studies, 22(1) ¡ Chattopadhyay, M., & Mitra, S. K. (2017). Applicability and effectiveness of classifications models for Dr. Ayalur Vedpuriswar, Director, Learning and Development, Cognizant Technology Solutions achieving the twin objectives of growth and outreach of microfinance institutions. Computational and Mathematical Organization Theory, 23(4), 451-474. Mr. Vinit Thakur, Professor, TAPMI Manipal ¡ Chattopadhyay, M., & Mitra, S. K. (2018). Assessing the predictability of different kinds of models in Mr. Yogesh Misra, Vice President & Head of Consulting at Thomas International estimating impacts of climatic factors on food grain availability in India. Opsearch, 55(1), 50-64. ¡ Chattopadhyay, M., & Mitra, S. K. (2018). Comparative decision models for anticipating shortage of food Mr. Pratap Giri S., Adjunct faculty, IIMB & Director, VSL Growth Capital grain production in India. Theoretical and Applied Climatology, 131(1-2), 523-530. ¡ Chattopadhyay, M., Garg, A. K., & Mitra, S. K. (2018). Herding by Foreign Institutional Investors: An Dr. Kanagaraj Ayyalusamy, Associate Professor, XLRI Jamshedpur Evidential Exploration for Persistence and Predictability. Journal of Behavioral Finance, 19(1), 73- 88. Dr. Pranabesh Ray, Professor, XLRI Jamshedpur ¡ Chauhan, Y., & Dey, D. K. (2017). Do female directors really add value in Indian firms?. Journal of Multinational Financial Management, 42, 24-36. Prof. Amitabh Deo Kodwani, Professor, IIM Indore ¡ Chauhan, Y., & Kumar, S. (2017). Does founder ownership affect foreign investments? Evidence from India. Dr. Suresh Garimella, Adjunct Professor, NIPER Hyderabad Emerging Markets Review, 32, 116-129. ¡ Chauhan, Y., Kumar, S., & Pathak, R. (2017). Stock liquidity and stock prices crash-risk: Evidence from India. Prof. V. Ranganathan, Professor, IIM Bangalore The North American Journal of Economics and Finance, 41, 70-81. ¡ Chauhan, Y., Pathak, R., & Kumar, S. (2018). Do bank-appointed directors affect corporate cash holding?. Prof. Bhasker Bhowmick, Assistant Professor, IIT Kharagpur International Review of Economics & Finance, 53, 39-56. ¡ Das, D., Kannadhasan, M., Al-Yahyaee, K. H., & Yoon, S. M. (2018). A wavelet analysis of co-movements in 5.3 Officers Asian gold markets. Physica A: Statistical Mechanics and its Applications, 492, 192-206. ¡ Dubey, R. K., Chauhan, Y., & Syamala, S. R. (2017). Evidence of algorithmic trading from Indian equity Cmdr Pankaj K. Jha (Retd.), Chief Administrative Officer market: Interpreting the transaction velocity element of financialization. Research in International Business and Finance, 42, 31-38. Dr. Chandrakanta Swain, Librarian ¡ Goswami, M. (2018). Establishing predictive relationships between price and select product, market, and consumer related dimensions: an investigation within indian consumer electronics market. OPSEARCH, Mr. H. K. Debata, FA & Chief Accounts Officer 55(2), 361-380. ¡ Goswami, M., Daultani, Y., & Tiwari, M. K. (2017). An integrated framework for product line design for Mr. Priyank Mittra, System Manager modular products: Product attribute and functionality-driven perspective. International Journal of Production Research, 55(13), 3862-3885. Mr. Shaji Mathai, Administrative Officer (Academic) ¡ Gupta, M., Kumar, P., & Bhasker, B. (2017). Personalized item ranking from implicit user feedback: A heterogeneous information network approach. Pacific Asia Journal of the Association for Information Systems, 9(2), 23-42. ¡ Gupta, S., Goyal, V., & Mitra, S. K. (2018). RELATIONSHIP BETWEEN ENERGY COMMODITIES: MARKOV REGIME-SWITCHING APPROACH. Academy of Accounting and Financial Studies Journal, 22(2).

24 25 IIM Annual Report RAIPUR 2017-18 6.0 Research & Publications

5.2 Visiting Faculty Publications of IIM Raipur

Dr. B. Koteswara Rao Naik, Assistant Professor, National Institute of Industrial Engineering (NITIE), Mumbai A summary of the publications of IIM Raipur is presented in the table below.

Dr. Sanjay Dhir, Assistant Professor, IIT Delhi 6.1 Research Paper Publications in Refereed Journals

24 25 IIM Annual Report RAIPUR 2017-18

¡ Jana, R. K., Sharma, D. K., & Chakraborty, B. (2017). Distance function and fuzzy goal programming models ¡ Roy, V., Schoenherr, T., & Charan, P. (2018). The thematic landscape of literature in sustainable supply chain for effective shopping mall management. International Journal of Management and Decision Making, 16(4), management (SSCM): A review of the principal facets in SSCM development. International Journal of 428-444. Operations and Production Management (IJOPM), 38(4), 1091-1124. ¡ Kannadhasan, M., Aramvalarthan, S., Balasubramanian, P., & Gopika, A. (2017). Determinants of dividend ¡ Sharma, N., Sahay, B. S., Shankar, R., & Sarma, P. R. S. (2017). Supply chain agility: Review, classification and policy of Indian manufacturing companies: Panel autoregressive distributed lag analysis. Academy of synthesis. International Journal of Logistics Research and Applications, 20(6), 532-559. Accounting and Financial Studies Journal, 21(2), 1-12. ¡ Shubham, Charan, P., & Murty, L. S. (2018). Organizational adoption of sustainable manufacturing practices ¡ Kannadhasan, M., Charan, P., Singh, P., & Sivasankaran, N. (2018). Relationships among social capital, self- in India: Integrating institutional theory and corporate environmental responsibility. International Journal of efficacy, and new venture creations. Management Decision, 56(1), 204-218. Sustainable Development & World Ecology, 25(1), 23-34. ¡ Kannadhasan, M., Thakur, B. P. S., Aramvalarthan, S., & Radhakrishnan, A. (2018). Modelling volatility in ¡ Thakur, B. P. S., Kannadhasan, M., & Goyal, V. (2018). Determinants of corporate credit spread: Evidence emerging capital market: the case of Indian capital market. Academy of Accounting and Financial Studies from India. Decision, 45(1), 59-73. Journal, 22(1), 1-11. ¡ Tiwari, A. K., Jana, R. K., Das, D., & Roubaud, D. (2018). Informational efficiency of bitcoin - an extension. ¡ Kannadhasan, M., Thakur, B. P. S., Gupta, C. P., & Charan, P. (2018). Testing capital structure theories using Economics Letters, 163, 106-109. error correction models: Evidence from China, India, and South Africa. Cogent Economics & Finance, 6(1), ¡ Vijay, T. S., Prashar, S., & Parsad, C. (2017). Online Shoppers' Satisfaction: The Impact of Shopping Values, 1443369. Website Factors and Trust. International Journal of Strategic Decision Sciences (IJSDS), 8(2), 52-69. ¡ Katiyar, R., Meena, P. L., Barua, M., Tibrewala, R., & Kumar, G.(2018). Impact of sustainability and ¡ Yang, J., Zheng, R., Zhao, L., & Gupta, S. (2017). Enhancing customer brand experience and loyalty through manufacturing practices on supply chain performance: Findings from an emerging economy. International enterprise microblogs: Empirical evidence from a communication framework perspective. Information Journal of Production Economics, 197, 303-316. Technology & People, 30(3), 580-601. ¡ Kumar, M., Kalakbandi, V., Prashar, S., & Parashar, A. (2017). Overcoming the effect of low self-esteem on ¡ Zhang, H., Zhao, L., & Gupta, S. (2018). The role of online product recommendations on customer decision public speaking anxiety with mindfulness-based interventions. Decision, 44(4), 287-296. making and loyalty in social shopping communities. International Journal of Information Management, ¡ Kumar, S. B., Goyal, V., & Mitra, S. K. (2018). Do Indian firms manage earning numbers? An empirical 38(1), 150-166. investigation. Academy of Accounting and Financial Studies Journal, 22(1), 1-7. ¡ Malodia, S., Singh, P., Goyal, V., & Sengupta, A. (2017). Measuring the impact of brand-celebrity personality congruence on purchase intention. Journal of Marketing Communications, 23(5), 493-512. 6.2 Case Publications ¡ Mathew, G. C., Prashar, S., & Ramanathan, H. N. (2018). Role of spirituality and religiosity on employee commitment and performance. International Journal of Indian Culture and Business Management, 16(3), 302-322. ¡ Dawra, J., & Katyal, K. (2017). GACL: Balancing Employee Satisfaction and Productivity. Ivey ID 9B17C007. ¡ Pal, D., & Mitra, S. K. (2017). Diesel and soybean price relationship in the USA: Evidence from a quantile London, Canada: Ivey Publishing. autoregressive distributed lag model. Empirical Economics, 52(4), 1609-1626. ¡ Goswami, M. (2017). Adopting Seru Production System as a Key Enabler for Market Responsiveness. Case ¡ Pal, D., & Mitra, S. K. (2017). Does the number of borrowers per loan officer influence microfinance No. 617-0036-1. UK, Case Center (ECCH). institution asset quality? A stochastic frontier analysis. Investigación económica, 76(300), 81-103. ¡ Goswami, M. (2017). Formalizing Supplier Selection at India's Leading Heavy Equipment Manufacturing. ¡ Pal, D., & Mitra, S. K. (2017). The environmental kuznets curve for carbon dioxide in India and China: Growth Case No. 617-0018-1. UK, Case Center (ECCH). and pollution at crossroad. Journal of Policy Modeling, 39(2), 371-385. ¡ Goswami, M. (2017). Predicting Prices in Indian Smartphones Market: The Regression Way. Case No. 617- ¡ Pal, D., & Mitra, S. K. (2018). Interdependence between crude oil and world food prices: A detrended cross 0029-1, UK, Case Center (ECCH). correlation analysis. Physica A: Statistical Mechanics and its Applications, 492, 1032-1044. ¡ Goswami, M. (2017). Production Location Decisions for Manufacturing. Case No. 617-0050-1. UK, Case ¡ Parashar, A., Kumar, M., & Saluja, V. (2017). An essay on the touristic representations of India presented in Center (ECCH). three postcolonial travelogues. Tourism Review International, 21(4), 407-415. ¡ Goswami, M. (2017). Risk Oriented Decision Making at Early Stages of Product Development at India's ¡ Parsad, C., Prashar, S., & Sahay, V. (2017). Impact of impulsive personality traits and store environment on Leading Earthmover Company. Case No. 617-0014-1. UK, Case Center (ECCH). impulse buying behavior. Journal of Business & Management, 23 (1/2), 1-24. ¡ Kannadhasan, M., Goyal, V., & Mitra S. K. (2018). Yash Building Centre: The planning for Expansion. Ivey ID ¡ Parsad, C., Prashar, S., & Vijay, T. S. (2017). Understanding nature of store ambiance and individual impulse 9B18N003. London, Canada: Ivey Publishing. buying tendency on impulsive purchasing behaviour: An emerging market perspective. Decision, 44(4), 297- ¡ Mitra, S. K., Kumar, S. B., & Goyal, V. (2017). Joneja Bright Steels: The Cash Discount Decision. Ivey ID 311. 9B17B002. London, Canada: Ivey Publishing. ¡ Prashar, S., & Mitra, S. K. (2017). Forecasting impulse buying behaviour: a comparative study of select five ¡ Parsad, C., Prashar, S., & Sahay, V. (2017). Dainik Bhasker: live no negative. Emerald Emerging Markets Case statistical methods. International Journal of Business Forecasting and Marketing Intelligence, 3(3), 289-308. Studies, 7(3), 1-22. ¡ Prashar, S., Parsad, C., & Vijay, T. S. (2017). Leveraging neural networks technique for predicting impulsive ¡ Prashar, S., & Kumar, M. (2017). Deloitte and KPMG: The War for Talent. Ivey ID 9B17C023. Ivey Publishing. buying: An empirical study in India. International Journal of Manufacturing Technology and Management, London, Canada: Ivey Publishing. 31(6), 494-510. ¡ Prashar, S., & Kumar, M. (2017). Did I Include adequate information in my business presentation? Case No. ¡ Prashar, S., Singh, H., Parsad, C., & Vijay, T. S. (2017). Predicting Indian shoppers' malls loyalty behaviour. 817-0037-1, UK, Case Center (ECCH). Vikalpa, 42(4), 234-250. ¡ Sarma, P.R.S. (2017). Sudha Milk. Case No. 617-0004-1. UK, Case Center (ECCH). ¡ Prashar, S., Vijay, T. S., & Parsad, C. (2018). Predicting online buying behaviour-a comparative study using ¡ Sarma, P.R.S., & Sahay, V. (2017). PVR's Servqual Dilemma. Case No. 617-0012-1. UK, Case Center (ECCH). three classifying methods. International Journal of Business Innovation and Research, 15(1), 62-78. ¡ Sarma, P.R.S., Kavila, Y., & Patil, R. (2017). Forecast Dilemma @ Sakthi's Kitchen . Case No. 617-0028-1, UK, ¡ Ray, K. K., & Mitra, S. K. (2018). Firm's financial performance and sustainability efforts: Application of Case Center (ECCH). classifier models. Global Business Review, 19(3), 722-736. ¡ Sarma, P.R.S., Sriram, M., & Sen, R. (2017). Operation Dilemma @ ICH. Case No. 617-0003-1. UK, Case ¡ Rohit, A., & Mitra, S. K. (2018). The co-movement of monetary policy and its time-varying nature: A DCCA Center (ECCH). approach. Physica A: Statistical Mechanics and its Applications, 492, 1439-1448. ¡ Sarma, P.R.S., & Verma, V. (2017). Sourcing Risk Dilemma @ SKPL. Case No. 617-0001-1. UK, Case Center ¡ Roy, V., Charan, P., Schoenherr, T., & Sahay, B. S. (2018). Ensuring supplier participation towards addressing (ECCH). sustainability-oriented objectives of the mid-day meal supply chain: Insights from the Akshaya Patra ¡ Sarma, PRS., & Goswami, M. (2017). Shut Down Decision Dilemma. Case No. 617-0047-1. UK, Case Center Foundation. International Journal of Logistics Management, 29(1), 456-475. (ECCH).

26 27 IIM Annual Report RAIPUR 2017-18

¡ Unnithan, D., Pathy, G. S., Prashar, S., & Ramanathan, H. (2018). Crowdsourced fashion designing of 6.6 Seminars/Conference attended by Faculty Members Hashboosh.com: the sustainability dilemma. Emerald Emerging Markets Case Studies, 8(2), 1-18.

¡ Ali, S., 5th PAN IIM World Management Conference. IIM Lucknow. Lucknow, Uttar Pradesh, Dec 14-16, 2017. 6.3 Papers in International Conferences ¡ Ali, S., Strategic Management Society (SMS) Special Conference. Sao Paulo, Brazil, Mar 15-17, 2018. ¡ Anand, P., International Conference in Asia, AHRD. IIM Ahmedabad. Ahmedabad, Gujarat, Nov 8-10, 2017. ¡ Ali, S. (2018, 15-17 March). Re-Internationalization V/S Initial Internationalization: difference in firm ¡ Bapat, D., 5th PAN IIM World Management Conference. IIM Lucknow. Lucknow, Uttar Pradesh, Dec 14-16, performance. Strategic Management Society (SMS) Special Conference. Sao Paulo, Brazil. 2017. ¡ Chattopadhyay, M. (2018, 14-17 March). Use of financial ratios in predicting Indian corporate bankcruptcy. ¡ Chattopadhyay, M., 85th International Atlantic Economic Conference. London, UK, Mar 14-17, 2018. 85th International Atlantic Economic Conference. London, UK. ¡ Chauhan, Y., 7th India Finance Conference 2017. IIM Bangalore. Bangalore, Karnataka, Dec 20-22, 2017. ¡ Dash. P. (2017, 25-29 June). Food Prices and the Dynamics of Inflation in India. 92nd Annual Conference of ¡ Dash. P., 92nd Annual Conference of the Western Economic Association (WEAI), Marriott Marquis & Marina, the Western Economic Association (WEAI), Marriott Marquis & Marina, San Diego, California. San Diego, California, Jun 25-29, 2017. ¡ Dawra, J., & Katyal, K. (2017, 28 May-01 June). Guilty but happy: conceptualising and delineating special ¡ Dawra, J., European Marketing Association Conference. University of Groningen, Netherlands, May 28 - Jun treatment from preferential treatment. European Marketing Association Conference. University of 01, 2017. Groningen, Netherlands. ¡ Gupta, S., Pacific Asia Conference on Information Systems (PACIS). Association for Information Systems, ¡ Gupta, S. (2017, 16-20 July). Why viewers contribute in the fed broadcast, social media in feed advertising. Malaysia, Jul 16-20, 2017. Association for Information Systems. Asia Pacific Conference on Information Systems (PACIS). Malaysia. ¡ ¡ Jana, R. K., 85th International Atlantic Economic Conference. London, UK., Mar 14-17, 2018. Jana, R. K., & Chakraborty, B. (2018, 14-17 March). Stock portfolio selection using a decision support system. ¡ 85th International Atlantic Economic Conference. London, UK. Kannadhasan, M., 7th India Finance Conference 2017. IIM Bangalore. Bangalore, Karnataka, Dec 20-22, ¡ 2017. Kumar, G. (2017, 5-8 May). Supply chain collaboration framework as internal and external focused functional ¡ area: an implementation perspective. 28th Annual POMS Conference Production and Operation Kumar, G., 28th Annual POMS Conference. Production and Operation Management Society (POMS), Seattle, Management Society (POMS). Seattle, USA USA, May 5-8, 2017. ¡ ¡ Kumar, S., Ali, S., & Das, S. (2018, 15-17 March). Developed economies' born globals' strategies in emerging Mitra, S. K., 85th International Atlantic Economic Conference. London, UK, Mar 14-17, 2018. economies. Strategic Management Society (SMS) Special Conference. Sao Paulo, Brazil. ¡ Prashar, S., ICSM 2017 on Service Management. World Academy of Science, Engineering and Technology, ¡ Mitra, S. K., Bawa J. (2018, 14-17 March). Analysis of time verying market efficiency in international equity San Francisco, USA, Jun 7-8, 2017. markets. 85th International Atlantic Economic Conference. London, UK. ¡ Prashar, S. (2017, 7-8 June). Customer segmentation revisited: The case of e-tailing industry in emerging market. World Academy of Science, Engineering and Technology. ICSM 2017 on Service Management. San 6.7 Seminar Conference attended by FPM Scholars Francisco, USA.

S.No. Roll No. Name Conference/Summer School/Colloquium) Date 6.4 Papers in National Conferences Asia-Paciﬁc Conference on Economics & Finance 1 13FPM005 Suman Gupta (2017) at Singapur Jul 27-28, 2017 ¡ Ali, S. (2017, 14-16 December). Innovation strategy framework for generic competitive positioning. 5th PAN POMS Annual Conference 2017, Seattle, Washington, IIM World Management Conference. IIM Lucknow. Lucknow, Uttar Pradesh. 2 13FPM004 Rohan Kumar Jha USA. May 5-8, 2017

¡ Anand, P. (2017, 8-10 November). Minimizing experience of workplace loneliness: an imperical investigation. AIB- INDIA 2017(Academy of International Business, International Conference in Asia, AHRD. IIM Ahmedabad. Ahmedabad, Gujarat. India) Conf erence at Pune (By-Academy of ¡ Bapat, D., & Kannadhasan, M. (2017, 14-16 December). Impact of brand experience dimension and online International Business at Symbosis International banking on word of mouth. 5th PAN IIM World Management Conference. IIM Lucknow. Lucknow, Uttar 3 13FPM010 Sushil Kumar University) Apr 19-21, 2017

Pradesh. Abhishek Kumar 23rd EBES Conference 2017 (Eurasia Business and Sep 26, 27 and ¡ Chauhan, Y., & Kumar, S. B. (2017, 20-22 December). Do investors value corporate social responsibility in 4 14FPM001 Rohit Economics Society) at Spain 29, 2017 emerging market? 7th India Finance Conference 2017. IIM Bangalore. Bangalore, Karnataka. Abhishek Kumar (Summer School) Summer School of Essential ¡ Das, D., Kannadhasan, M., Tiwari, A. K., & Roubaud, D. (2017, 20-22 December). Does global economic 5 14FPM001 Rohit Econometrics for Research In Finance at IIM Indore Apr 15-22, 2017 factors impact bitcoin prices?. Evidence from wavelet based analysis. 7th India Finance Conference 2017, IIM Bangalore. Bangalore, Karnataka. Bhanu Pratap (Summer School) Summer School of Essential 6 14FPM003 Singh Econometrics for Research In Finance at IIM Indore Apr 15-22, 2017 ¡ Kannadhasan, M. (2017, 20-22 December). Determinants of dividends of Indian manufacturing companies: A quantile regression approach. 7th India Finance Conference 2017. IIM Bangalore. Bangalore, Karnataka. Pravesh Kumar 7 14FPM006 Padamwar IMRDC Conference 2018 at IIM Bangalore Jan 02 - 04, 2018 ¡ Kumar, S., Ali, S. & Das, S. (2017, 19-20 April). Advanced economies' global start-ups adapting to dynamic competitive environment in emerging markets through strategic experimentation. AIB-India 2017 NASMEI Doctoral Workshop (North American Societ y Conference, Symbiosis International University, Pune. Pravesh Kumar for Marketing Education in India) 2017 at The Great 8 14FPM006 Padamwar Lakes Institute of Management, Chennai Dec 19-21, 2017 NASMEI Conference (North American Society for

6.5 Case Series Books Pravesh Kumar Marketing Education in India)2017 at The Great 9 14FPM006 Padamwar Lakes Institute of Management, Chennai Dec 22-23, 2017 ¡ Surya Bhushan 7th India Finance Conference (IFC) 2017 at IIM Sahay, V., & Sarma, P.R.S. (2017). Select Management Cases. ET Cases Publishing, Times Center for 10 14FPM008 Kumar Bangalore Dec 20-22, 2017 Learning Ltd., The Times of India Group (ISBN: 978-81-931001-6-5) ¡ Sahay, V., & Sarma, P.R.S. (2017). Cases in Management. ET Cases Publishing, Times Center for Learning NASMEI Doctoral Workshop (North American Society

Ltd., The Times of India Group (ISBN: 978-81-931001-5-8) K.M. Priyanka for Marketing Education in India) 2017 at The Great 11 15FPM002 Gupta Lakes Institute of Management, Chennai Dec 19-21, 2017

28 29 IIM Annual Report RAIPUR 2017-18

Ltd., The Times of India Group (ISBN: 978-81-931001-5-8) K.M. Priyanka for Marketing Education in India) 2017 at The Great 11 15FPM002 Gupta Lakes Institute of Management, Chennai Dec 19-21, 2017

28 29 IIM Annual Report RAIPUR 2017-18 7.0 A wards & Recognitions

S.No. Roll No. Name Conference/Summer School/Colloquium) Date l Prof. Bharat Bhasker: Computer Society of India (CSI) bestowed Dr. Bharat Bhasker, Director of Indian Institute of Management (IIM) Raipur, with its prestigious fellowship during the society's 52nd Annual NASMEI Conference (North American Society for Convention held at Coimbatore on 19th January 2018. The fellowship was presented in recognition of Dr. K.M. Priyanka Marketing Education in India)2017 at The Great Bhasker's accomplishments as an IT professional at national and international and levels and promotion of 12 15FPM002 Gupta Lakes Institute of Management, Chennai Dec 22-23, 2017 CSI activities and objectives. Kancharla l 13 15FPM003 Raviteja INDAM Conference 2017 at IIM INDORE Dec 18-20, 2017 Prof. Bharat Bhasker, Director of Indian Institute of Management, Raipur, was conferred with the 'Top Rankers Excellence Award for Academic Leadership' by Top Rankers Management Consultants in collaboration with NASMEI Doctoral Workshop (North American Society FORE School of Management. The award was presented at the 19th National Management Summit on for Marketing Education in India) 2017 at The Great 'Business Excellence through Creativity, Innovation & Entrepreneurship' held at hotel Le-Meridian, New Delhi 14 15FPM004 Nitin Soni Lakes Institute of Management, Chennai Dec 19-21, 2017 on February 23 - 24, 2018. The Top Rankers Excellence Awards are given to recognise and honour deserving NASMEI Conference (North American Society for corporate and outstanding senior professionals in various management disciplines including HR, Marketing, Marketing Education in India) 2017 at The Great Finance, IT and Operations. 15 15FPM004 Nitin Soni Lakes Institute of Management, Chennai Dec 22-23, 2017 6th AIM - AMA Sheth Foundation Doctoral l Prof. Parikshit Charan, faculty member at IIM Raipur in the Operation Management area was awarded the Consortium at Welingkar Institute of Management 'Bharat Vikas Award' in the field of Supply Chain Management and Operations Strategy. The award was 16 15FPM004 Nitin Soni Development and Research, Bengaluru Jan 5-7, 2018 presented at national seminar on “Diversity of culture and environment” hosted by the Institute of Self th (Management Doctoral Colloquium) MDC & VRS Reliance in Bhubaneshwar on 19 November 2017.

17 15FPM007 Ritu Singh 2018, at IIT Kharagpur Mar 14-15, 2018 DIGITS 2018 Conference (Digital Innovations, Transformation, and Society Conference 2018) at 18 15FPM008 Sana Ansari India Habitat Centre, New Delhi Jan 13-14, 2018

l Prof. R. K. Jana, faculty member at IIM Raipur in the Decision Science and Systems area has received the Best Paper Award for the paper entitled “Mixed-integer genetic algorithm for multi-choice linear programming problems” co-authored by D.K. Mohanty and M.P. Biswal in the 7th International Conference on Soft Computing for Problem Solving (An annual event of Soft Computing Research Society), held at Indian Institute of Technology Bhubaneswar, India, Dec 23-24, 2017.

l Prof. Sumeet Gupta, faculty member at IIM Raipur in the Decision Science and Systems area has been awarded as the winner of the prestigious Prof. Manubhai M. Shah Memorial Award for Excellence in Commerce and Business Management (MMSMA) 2017 by Indian Commerce Association.

l IIM Raipur has been ranked at 14th position among the top 50 management institutes in India by National Ranking Framework (NIRF) 2017.

30 31 IIM Annual Report RAIPUR 2017-18 7.0 A wards & Recognitions

l IIM Raipur has been ranked at 14th position among the top 50 management institutes in India by National Ranking Framework (NIRF) 2017.

30 31 IIM Annual Report RAIPUR 2017-18 8.0 I nternational Conferences, Seminar and Workshops

1st Round Table Conference (28 April 2017), New Delhi Post welcome address by Prof. Das and the Director, the panel discussions commenced. The first panel discussion revolved around the topic “Innovation and collaboration- key necessities of the Indian industries”. The discussion was IIM Raipur hosted its first Round Table Meet at India Habitat Centre in New Delhi on April 28, 2017. More than two moderated by Mr. Prem Singh, President Global HR, Wockhardt Limited. Ms. Rashmi Thosar, CEO, Brandcare; Mr. dozen industry stalwarts graced the meeting to discuss and share their experience, views and concerns on business Sameer Joshi, AVP Godrej Interio were the other panellists. There were many more dynamic leaders from companies issues. The event was flagged off by Professor Satyasiba Das of IIM Raipur. like RBL bank, Eros International, IBM and Microsoft who contributed to the discussion and also entertained questions from the audience present. In his welcome address, Prof Bharat Bhasker, Director, IIM Raipur said that IIM Raipur is fastest growing among all the IIMs in terms of batch strength and faculty. Being ranked 14th in the latest MHRD rankings is a resounding The second panel discussion followed which was themed around the topic “Role of management education in testament to IIM Raipur. Elaborating on the meet for this meet, he said that every thirty years, the global economy creating competitive advantage in Indian industries” which was moderated by Mr. Sandeep Jain, Vice President, Bank changes and new opportunities arise. Today, we are at brink of such an opportunity. of America Merrill Lynch; Mr. Parikshit Sharma, VP- South Asia, JWT; Mr. Majid Ali Khan, Senior HR and Lead Talent Acquisition, Mphasis; Mr. Manoj Kulkarni, Head of Innovation, Nielsen were the panel members.

The post lunch session witnessed a panel discussion on the topic “Accelerating the future through existing economic enablers”. The panel was moderated by Prof. Satyasiba Das, Chairman, Corporate Relations, IIM Raipur. Mr. Rammohan Bhave, CFO, Consult IFRS Strategy Consultants; Mr. Vraj Gokhale, VP-Analytics, Barnes; Mr. Rajeev Pawar, Executive VP-Strategic Investments Group, Edelweiss Financial Services were the panel experts. There were stalwarts from various other corporate like Bajaj Capital Limited, Axis Bank, Hersheys, Good People Consulting LLB etc. contributed to panel discussion.

The Round Table Meet was a great networking opportunity for the students and also helped them in gaining great insights to tackle diﬀerent business issues in the competitive corporate world. The panels encouraged students to take responsibility and do every work with equal passion as they are the future leaders of the country.

Leadership Summit (23-24 September 2017)

IIM Raipur hosted two day 'Leadership Summit' on 23rd and 24th September 2017. The theme of the event was 'Leadership & Socio-Economic Prosperity'. The event was marked by the presence of more than 25 dignitaries and industry stalwarts. It aimed to provide a platform to the industry experts to share their perspectives and experiences which would help the students in tackling future challenges in a proﬁcient manner.

The theme for the ﬁrst panel discussion was 'Creating why innovation and collaboration are key necessities in the Indian Industries'. The panellists Mr Amitabh Prasad, Head-Sourcing of Ericsson India, Ms. Gayatri Taragi, Head - Talent Acquisition, Airtel, Mr. Madhup Agarwal, Head HR, Indiamart, Mr. RV Sridhar, CEO, Essar Steel , Mr.Tarun Puri of Adidas, Mr. Jatinder Parihar of HealthKart, Mohit Grover of Ibibo group, Amanjeet Sethi of Shift Karado and Babu Vittal of Shop Clues, Mr.Pankaj Dubey, MD & CEO of Polaris and Mr. Manish Ahuja, Joint Vice President of Birla Sun Life Insurance highlighted on the topic. Q&A sessions was conducted wherein the students got to interact with the panelists.

Theme of the second panel discussion was 'Accelerating the future through existing economic enablers'. All the panelists presented what according to them is the most important economic enabler. Ms. Malini Chopra, VP Retail, Tata Teleservices, Ms. Priti Nanda Sibal, CEO & Founder of Mediskool, Mr. Parag Rastogi, Director of Times of India, Mr. Amar B Singh, Director & Head – SIO, BFSI HCL Technologies, Ms.Tripti Singhal Somani, MD of KGS Advisors, Mr. Hardeep Brar, Vice President & Board Member of GM India, and Mr. Kaushal Varshney, Director - F & A, Philips, were the panel members.

The Round Table Conference provided an insight into the diverse challenges faced by the leaders. It was a collusion of the corporate grandees and potential leaders, with sharing of experiences by them and sensitizing the future leaders to tackle these in a proﬁcient manner.

2nd Round Table Conference (12 May 2017), Mumbai

Indian Institute of Management Raipur organised its 2nd Round Table Meet on 12th May 2017 in The Orchid Hotel, Mumbai. The event was attended by more than 30 industry stalwarts who shared their views and ideas on different business issues. Prof. Satyasiba Das, Chairperson, Corporate Relations Committee, IIM Raipur flagged off the event. He started off by welcoming the guests, students and alumni. He mentioned how in a short span of 6 years IIM Raipur has made it to the 14th position on the MHRDA rankings. IIM Raipur also has one of the best student exchange program among the B-schools in the country. The summit began with an introduction by Dr. Satyasiba Das, Chairman Corporate Relations, IIM Raipur where he Prof. Bharat Bhasker, Director, IIM Raipur graced the event. He mentioned how important innovation and expressed his vision for the summit. In his welcome address, Dr. Bharat Bhasker, Director IIM Raipur elaborated on collaboration is in today's world and how the institute focuses on shaping its students by combining tradition with how the institute plans to nurture leadership that promotes socio-economic prosperity. He said that IIM Raipur recently modernity and helping them innovate. He also mentioned how IIM Raipur is creating an in-depth and multi-layer launched General Management Programme for Executives (GMPE) through which it hopes to empower the senior relation with the corporate world through corporate teaching and corporate engagements. and mid-level managers with best leadership practices. GMPE is a course especially crafted for managers who wish to climb the corporate ladder more than one step at a time. The course is designed to arm the managers with a holistic managerial perspective in four nine-day modules, spanning over nine months.

32 33 IIM Annual Report RAIPUR 2017-18 8.0 I nternational Conferences, Seminar and Workshops

Leadership Summit (23-24 September 2017)

2nd Round Table Conference (12 May 2017), Mumbai

32 33 IIM Annual Report RAIPUR 2017-18 9.0 Ex ecutive Education & Consultancy

The program continued with an address by the Guest of Honor, Dr. A. K. Dubey, Principal, GEC Raipur who 9.1 Executive Education emphasized on the importance of creativity, curiosity and passion. Executive Education & Consultancy plays a significant contribution in IIM Raipur's growth. Our Faculty members The event kick-started with a lecture by Mr. Anand Bagri, Head – Domestic Market RBL Bank, on the topic 'Global carried out several prestigious assignments during 2017-18. Competitiveness of Indian Financial Market'. Dr. Rajeev Roy, CEO, 36Inc, Government of Chhattisgarh continued the summit with a lecture on 'Entrepreneurial Ecosystem and Socio Economic Prosperity'. He redefined entrepreneurship Under Technical Education Quality Improvement Program of Ministry of Human Resource, GOI, IIM Raipur conducted by describing it as a creation and pursuit of opportunities. He also spoke about the strategies that should be adopted following Professional Development Trainings to improve quality education in engineering institutes. by startups to survive in a competitive environment. He encouraged students to contribute in developing a startup ¡ ecosystem where freedom would be appreciated. 1st Professional Development Training under TEQIP - III during December 14-18, 2017. Around 27 faculty members from different engineering institutes of India participated in this program. The inaugural lectures were followed by panel discussions. The first panel discussion saw insights on the topic ¡ 2nd Professional Development Training under TEQIP - III during January 29 - February 02, 2018. 25 faculty 'Success of Indian Businesses: Perspectives and Challenges' and was moderated by Mr. Sanjeev Prashar, Professor Marketing, IIM Raipur. Mr. Dev Arora, Head-Immediate Consumption, Coca Cola; Mr. Dinesh Tandon, DGM Sales, LT members from various engineering institutes participated in the training. Foods; Mr. Gursimran Singh, Head Data Business, Airtel; Mr. Sumit Sharma , COO, Lacoste were the dignitaries who The Institute offers tailor made In-Company Management Development Program for middle & senior level shared their views. management of various departments and corporate houses. In this category, IIM Raipur conducted following programs. The second panel discussion on the topic 'Early Years of New Managers' was moderated by Mr. Ajay Goel, Vice President, Aricent. Mr. D V Shastry , Executive Director - HRD, GAIL (India); Mr. Debasish Hajra , Associate Director, ¡ For College of Engineering & Technology, Bhubaneswar, a five-day Faculty Development Program was held PwC, India; Mr. Jehangir R. Damkewala, Vice President Retirement Benefits, Darashaw, India; Mr. Subhrangshu during July 17-21, 2017. More than 30 faculty members attended the program. Neogi, Director, Religare Enterprises Limited were the dignitaries in panel. ¡ A five-day General Management Program for the executives of Rashtriya Ispat Nigam Limited was organized The Institute continued the knowledge sharing process on the second day also with industry dignitaries sharing their during September 18-22, 2017. 25 executives from RINL attended the program. opinions and experiences about decision making, technology and innovations in the industry. ¡ Advanced Leadership Program of six-days was organized for the senior executives of NMDC Limited during Panel discussions on topics like 'Success of Indian Businesses: Perspectives and Challenges' and 'Early Years of November 6-11, 2017. 28 executives attended the program. New Managers and Scalability' brought forth the various opinions and viewpoints of the eminent personalities from the ¡ 2 batches of Chief Minister Good Governance Fellowship Program were organized during November 15-22, corporate sector. Continuing on the theme of “Leadership And Socio-Economic Prosperity”, the panel discussions enlightened the students on challenges and innovations in the industry at global level as well as its relevance in India. 2017 for Chattisgarh Infotech and Biotech Promotion Society. 32 participants attended the program. ¡ A two-day program on Achieving Managerial Effectiveness was organized at Reliance Industries Limited, The first panel discussion, moderated by Prof. Samar Singh, Assistant Professor, Business Policy and Strategy, IIM Shahdol for their executives during December 01-02, 2017. 25 participants attended the same. Raipur revolved around the topic 'Scalability & Sustainability Challenges of Indian Industries'. Mr. Abhay Kapoor, Head HR (North India) Amazon; Mr. Amit Sharma, Chief Marketing Officer, Boston Strategies, USA; Mr. Sumal ¡ Executive Development Program of six days was organized during February 19-24, 2018 for the executives of Varghese, Senior Group Manager, Adventz Group; Ms. Remy Alexander, Director, Philips were the panel members. Ferro Scrap Nigam Limited, Bhilai. 17 executives from FSNL attended the same. The second panel discussion for the day, moderated by Dr. Rajeev Roy, CEO, INC 36, revolved around the topic ¡ A two-day program on Leadership Development was organized during March 23-24, 2018 for the faculty of 'Entrepreneurial Competencies, Technology and Global Exposure'. Dr. V. P. Singh, Adviser-Organisation Government Engineering College Ambikapur. 27 faculty members attended this program. Development, Patanjali Ayurveda Ltd.; Mr. Ashok Machher, President- Corporate Affairs, Hindalco Industries Limited; Mr. VarchasSubrahmanya, Head – Product Management, Mahindra Comviva were the experts in panel discussion.

The third panel discussion for the day, moderated by Dr.Satyasiba Das, Assistant Professor, Strategic Management, IIM Raipur, revolved around the topic 'Creativity, Innovations & Indianness'. The panel experts included Mr. Allen Eric, Head Marketing, Emami; Mr. Ritesh Navalgund, Director - Sales, Viacom 18; Mr. Satyanarayan Kasturi, CIO, Essar Projects.

The question and answer sessions after each discussion kept the sessions interactive and provided a platform to the students to pose queries and seek advice from the industry experts.

The session ended with a valedictorian address by Dr. A.K. Dubey, Principal, GEC Raipur and a vote of thanks by Prof. Satyasiba Das.

9.2 Consultancy Projects

A Consultancy Project on “Competency Assessment for Relationship Managers” from KPMG was undertaken and successfully completed by the faculty of IIM Raipur.

34 35 IIM Annual Report RAIPUR 2017-18 9.0 Ex ecutive Education & Consultancy

The question and answer sessions after each discussion kept the sessions interactive and provided a platform to the students to pose queries and seek advice from the industry experts.

The session ended with a valedictorian address by Dr. A.K. Dubey, Principal, GEC Raipur and a vote of thanks by Prof. Satyasiba Das.

9.2 Consultancy Projects

A Consultancy Project on “Competency Assessment for Relationship Managers” from KPMG was undertaken and successfully completed by the faculty of IIM Raipur.

34 35 IIM Annual Report RAIPUR 2017-18 10.0 Collaboration & Partnership

10.1 International Academic Collaboration 10.3 Events and Activities:

The proposed International Events are formulated to contribute to the understanding of the subject area of Indian Institute of Management Raipur is in bilateral agreement with eighteen global premier universities and management and helps in solving a pressing problem at any level of business enterprise and/or society. The business schools across the world for various academic collaborations. participating team must demonstrate that entry into the competition will have a net positive benefit for the business under consideration. We are committed to create a nurturing, supportive environment at campus in order to support For the Academic Year 2017-18, we have FEN Chile, Audencia Business School, France and CENTRUM Peru as our new students to participate in competitions/events of International level. The Institute encourages students to participate partner Institutes who have signed MoU with IIM Raipur for Student Exchange Mobility Programs. in competitions by providing them financial grant as covered under 'Grant Policy and Guidelines' of International Relations manual of IIM Raipur. For the academic year 2017-18, we had students both from PGP 2016-18 and PGP The list of universities that are part of our international collaboration includes: 2017-19 participating in International competitions. The students of IIM Raipur from the batch of PGP participated in two globally recognized International competitions: ¡ Grenoble Ecole De Management, France (International Accreditations: AACSB, EQUIS, AMBA) ¡ IESEG School of Management, Paris, France (International Accreditations: EQUIS) ¡ Rotman International Trade Competition Organized by Rotman School of Management, Toronto. Canada. ¡ Groupe ESC Troyes, France (International Accreditations: AMBA) ¡ GSCMI Intercollege Case Competition Organized by Krannert School of Management, Purdue University, ¡ Management Centre Innsbruck, Austria (International Accreditations: AACSB) USA. ¡ International School of Management, Dortmund, Germany (International Accreditations: German Council of The Institute will reimburse the following expenses: Science and Humanities, Accreditation Council) ¡ University of Economics in Bratislava, Slovakia (International Accreditations: Member of AACSB and EFMD) ¡ A return airfare by economy class via shortest possible route. ¡ HHL Leipzig Graduate Business School, Germany (International Accreditations: AACSB) ¡ Travel Insurance. ¡ ALBA Graduate Business School, Greece (International Accreditations: AMBA, EFMD-EPAS) ¡ Registrations Fees (If any). ¡ IPADE, Mexico (International Accreditations: AACSB) ¡ Accommodation cost up to USD 50 per night. ¡ University of Newcastle, Australia (International Accreditations: AACSB, AMBA) ¡ Victoria University of Wellington New Zealand (International Accreditations: EFMD, EQUIS) 10.4 Accreditation ¡ National Research University Higher School of Business, Russia (International Accreditations: EFMD) ¡ Kazan federal University (KNRTU), Russia (International Accreditations: Participant of ERASMUS, ERASMUS AACSB Associate Membership +, ERASMUS MUNDUS) ¡ CENTRUM Graduate Business School, Peru (International Accreditations: AACSB, EFMD, AMBA) IIM Raipur is an associate member of AACSB for the period July 2017-June 2018, which will get renewed in May 2018 alike previous years. ¡ Faculty of Economics and Business, FEN Chile (International Accreditations: AACSB, AMBA) ¡ Audencia Business School, France (International Accreditations: AACSB, EFMD, AMBA) Foreign Student Information System (FSIS) Membership ¡ Solbridge International Business School, South Korea (International Accreditations: AACSB, IEQAS) IIM Raipur is a registered user of FSIS of Bureau of Immigration; Government of India to register the details of its ¡ Yonsei University, Seoul (International Accreditations: AACSB, EFMD, KABEA) incoming foreign students at IIM campus.

10.2 Student Exchange International Exchange of Students (Incoming)

Extending our relationship with our international partner institutes to exchange students in the academic year 2017- 18, we received good number of applications from our partner institutions willing to join IIM Raipur for Term-V of the academic year 2017-18. After a due verification and scrutiny, two students from IPADE Mexico were selected to join IIM Raipur for the Fall Term. These two students have successfully completed their term (September - December 2017) at IIM Raipur and returned back to their home institution.

International Exchange of Students (Outgoing)

Over the years, our ISE program has increased exponentially, fifty-four students from PGP 2016-18 batch have been selected to participate in student exchange program with our international partner institutions for the academic year 2018-19. As per the 'Financial Grant Policy' of IIM Raipur, there is a provision to avail financial grant of Rs.1.5 lakh per student to a maximum of ten students participating in International Student Exchange Program. Ten students have been selected to avail grant that provides financial support of up to 1.5 lakh to each student towards the travel, insurance, visa and purchasing of study material (if any).

36 37 IIM Annual Report RAIPUR 2017-18 10.0 Collaboration & Partnership

10.1 International Academic Collaboration 10.3 Events and Activities:

10.2 Student Exchange International Exchange of Students (Incoming)

International Exchange of Students (Outgoing)

36 37 IIM Annual Report RAIPUR 2017-18 11.0 Library

Library acts as the main learning resource center of the Institute. It has been providing up to date and nascent E-Journals information resources and services both in hard and soft forms to the academic and administrative communities since ¡ 2010. It has thus become an indispensable learning resource center for students, researchers and faculty members of EBSCO - Business Source Complete the institute. The library has built a robust collection of books, subscription to print journals, magazines, newspapers, ¡ Econolit Full Text and many other resources like student's project reports, CDs/DVDs etc. ¡ Economic & Political Weekly (EPW) The library is automated with Libsys7 LMS (Library Management Software) with RFID system. The library oﬀers its ¡ Elsevier's Science Direct – Business Management and Accounting; Economics, Econometrics and Finance; users the convenient access to the best of Business Management related digital resources through its subscription to Decision science; Computer Science e-databases, e-books and e-journals consisting of scholarly contents round the clock all across the campus via Wi-Fi ¡ Emerald Journals network. Remote access facility is also available on request. ¡ Informs Pubsuite Services ¡ JSTOR ¡ Oxford Management Journals ¡ Reference Services ¡ Oﬄine Search Services ¡ Proquest – ABI/Inform Complete ¡ Circulation Services ¡ User Awareness Programme ¡ PsycARTICLES ¡ Fully Automated Library Operation ¡ Authentication Testing of in House Publications ¡ Sage Humanities and Social Science ¡ Inter Library Loan Facilities ¡ Remote Access Service ¡ Springer Journals ¡ Current Awareness Services ¡ Book Display ¡ Taylor and Francis Journals ¡ Information Alert Services ¡ Photocopy Services ¡ Wiley Journals ¡ Selective Dissemination of Information Services ¡ Plagiarism Check ¡ Web Based Digital Library Services E-Books

a. Books: The library has successfully built up a comprehensive collection of approx. 14,000 books from which E-Newspapers approx. 2,500 books are available in electronic form and approx. 11,500 books are in print format. ¡ Newspaper Direct b. Dissertation and Theses: The library subscribes to 15 lakh Dissertation and Theses on management and its allied areas. E-Dissertation and Theses c. Journals: Library subscribes approx. 14000 journals in electronic format. ¡ d. Magazines: The library subscribes to 25 print magazines specific to the academic and research needs of the Proquest – Dissertation and Theses institute. Staff e. Newspapers: The library subscribes to 2318 newspapers to cater to the needs of the students and academic community out of which 2300 are available on electronic format and 18 are in print format. Library provides its services with the help of five staff members which includes one Librarian, one Sr. Library Information Assistant and three Jr. Library Assistants. E- Resources Library Committee The library subscribes to a number of important databases that are accessible on the campus network as well as through remote access. Library Committee consists of six members including Chairman. Prof. Pankaj Singh acts as the Chairman Library Committee and the Librarian acts as the Convener of the Committee. There are four other members from faculties who E-Databases help in smooth functioning of the library. (Company/Industry/Country Databases)

¡ Ace Knowledge Portal ¡ CMIE - Capex, Economic Outlook, Commodities, Industry Outlook and Prowess IQ ¡ Crisil Research ¡ Euromonitor ¡ IndiaStat.Com

38 39 IIM Annual Report RAIPUR 2017-18 11.0 Library

Timing ¡ Emerald E – Books ¡ Elsevier's E - Books Library opens from 9.00 A.M. to 10.00 P.M. on all working days and 9.30 A.M. to 6.00 P.M. on Saturdays and Sundays. Library remains closed on holidays. Digital library is available round the clock throughout the year. ¡ Elsevier's E - Handbooks ¡ Springer E - Books Learning Resources a. Books: The library has successfully built up a comprehensive collection of approx. 14,000 books from which E-Newspapers approx. 2,500 books are available in electronic form and approx. 11,500 books are in print format. ¡ Newspaper Direct b. Dissertation and Theses: The library subscribes to 15 lakh Dissertation and Theses on management and its allied areas. E-Dissertation and Theses c. Journals: Library subscribes approx. 14000 journals in electronic format. ¡ d. Magazines: The library subscribes to 25 print magazines specific to the academic and research needs of the Proquest – Dissertation and Theses institute. Staff e. Newspapers: The library subscribes to 2318 newspapers to cater to the needs of the students and academic community out of which 2300 are available on electronic format and 18 are in print format. Library provides its services with the help of five staff members which includes one Librarian, one Sr. Library Information Assistant and three Jr. Library Assistants. E- Resources Library Committee The library subscribes to a number of important databases that are accessible on the campus network as well as through remote access. Library Committee consists of six members including Chairman. Prof. Pankaj Singh acts as the Chairman Library Committee and the Librarian acts as the Convener of the Committee. There are four other members from faculties who E-Databases help in smooth functioning of the library. (Company/Industry/Country Databases)

¡ Ace Knowledge Portal ¡ CMIE - Capex, Economic Outlook, Commodities, Industry Outlook and Prowess IQ ¡ Crisil Research ¡ Euromonitor ¡ IndiaStat.Com

38 39 IIM Annual Report RAIPUR 2017-18 12.0 Students Activities and Achievements

Events and Activities There was also an interactive session in which the students called for volunteers from the crowd for various activities like push-ups, singing and mimicry. There was also a TEDx selﬁe booth where many people took photos and uploaded them on social media. ¡ IIM Raipur hosted 4th edition of TEDx The annual TEDx event in IIM Raipur on 15th October 2017 in association with Konsole, Business Standard and ¡ Chhattisgarh Foundation Day Celebration 9xO presented a platform for visionaries to enlighten the community about the unconventional thoughts and ideas that helped break the chains of stereotypes and change the world. TEDx talks were held worldwide by To celebrate the success of the talents of Chhattisgarh and to spread awareness about social issues prevailing in communities and organizations with an aim to share "Ideas worth Spreading". the nation, Prayaas – the marathon team of IIM Raipur celebrated Chhattisgarh Foundation Day on 01-11-2017 in its campus.

The event was graced by Dr. Sanjay Alung, Director, Social Welfare Department, Govt. of Chhattisgarh, Mr Sharad Jha, General Manager, NABARD, Mrs Sadhana Sharma - Women Achiever, India 2016, Mr. Pramod Sahu – Painter and Sand Artist, Mr Satish Bhuwalke & Sachin Bhuwalke – Founders of Bunch of Fools and Mr Priyank Patel – Founder of Teafe Nukkad.

The event was centered around the theme 'Beti Bachao, Beti Padhao', also the theme of Prayaas – a marathon of The welcome speech by Professor Bharat Bhasker, Director, IIM Raipur, focused on the importance of operating in an national signiﬁcance organized by IIM Raipur. The guests addressed the gathering and shared their success stories. unbounded environment. Speaking about the event, he said, “The world today is powered by those who have This celebration of the incredible spirit of our Chhattisgarh Achievers was a huge success and an inspiring event for all unleashed the power of their brains, who can imagine something beyond what everyone can, who can think beyond present. normal dimensions”. ¡ PRAYAAS-2.0: IIM Raipur organized marathon for the cause,“Beti Bachao, Beti Padhao” Other key speakers were Mr. Arvind Chenji, Mr. Achal Rangaswamy, Ms. Ninja Singh, Mr. Zeeshan Ayyub, Ms. Koyal

Rana, Mr. Gajendra Singh, Ms. Bistriti Poddar, Mr. Divya Prakash Dubey, Mr. Vivek Mandapalli. IIM Raipur successfully organized the second edition of its flagship marathon event Prayaas 2.0 on 19th November 2017. The theme for the run this year was 'Beti Bachao, Beti Padhao' with the objective to create The students of IIM Raipur promoted the event with flash mobs and visited to noted colleges of the city. The students awareness regarding the importance of equal rights and opportunities for the girl child. reached the city centre mall to conduct a flash mob on 13th October 2017. The chief guests included popular Bollywood actress Mugdha Godse, widely known for her role in the national award winning movie Fashion, ace archer Rahul Banerjee, Commonwealth gold medalist (2010) and his sister Dola Banerjee, the second woman archer to be honored with Arjuna Award and Prof. Bharat Bhasker, Director of IIM Raipur.

40 41 IIM Annual Report RAIPUR 2017-18 12.0 Students Activities and Achievements

40 41 IIM Annual Report RAIPUR 2017-18

Registration was free for all students while a nominal registration fee was charged for others. The entire amount raised Mudit-Vriddhi means 'Augmenting Happiness'. The Consulting and Entrepreneurship Club of IIM Raipur conducted the from the marathon was used for supporting the PG Umathe Govt. Girls Higher Secondary School for fulfilling the eighth edition of Mudit Vriddhi, a unique event to provide a platform to the students to apply in real life, the concepts of objective of educating the girl child. Various dignitaries graced the occasion including Shri Pramod Dubey, Mayor; Shri management and business learn in class, as well as serve the social cause. Om Prakash Choudhary, Collector & DM; Shrimati Ramshila Sahu, Minister for Women and Child Welfare and Shri Sanjay Alung, IAS officer. The title sponsor for the marathon was Indian Oil Corporation Ltd.(IOCL) and co-sponsor Vardhushik, the Merger & Acquisition case study challenge was organized by FINATIX, the finance club of IIM Raipur. was Social Welfare Department. The marathon concluded with a message - “Winning is only half of it, having fun is the The members of the winning team were Mr. Uday Natoo, Miss Ila Jha and Mr. Himanshu Singh from IIM Raipur while other half.” the members of the runners up team were Mr. Adarsh Kedia, Miss Ananya Agarwal and Mr. Rohit Arun Agrawal from XUB college. ¡ Equinox 8.0: HRidhaan, the HR club of IIM Raipur, organized its flagship event, Grey Carnage, an HR case study competition. The event had 3 rounds. An online quiz followed by a case study competition. The competition received participation from Equinox, the annual Management and Cultural Fest of IIM Raipur colleges all over India. After an intensive presentation and interview with the panel, 'The Usual Suspects', from began its 8th edition on 9th March 2018. The three-day celebration was SCMHRD stood first and won Rs 20,000 cash prize and 'The Outliers', from P.L.N Welingkars Institute of Management a spectacular display of 13+ Business events, 3 management were the runner-up who won Rs 10,000 cash prize. conclaves, and mesmerizing cultural events like Fashion Show, DJ Night, and more. This year Equinox took a timely theme, The Digital Carnival (iDEATE, iNITIATE, iNTEGRATE). Equinox 8.0 was aimed at propelling the mindset of the participants in this direction of advancing digitalization. Students and industry stalwarts from across the nation marked their presence in the Digital Carnival.

The event was inaugurated by lighting the lamp by Dr. Bharat Bhasker, Director, IIM Raipur, the chief guest Mr. P. Anbalagan, MD CG State Cooperative Marketing Federation and Prof. Dhananjay Bapat, Chairperson, Student Aﬀairs and was followed by the auspicious rendering of Saraswati Vandana.

All the clubs of IIM Raipur conducted various business and cultural events that spanned three days from 9-11 March 2018.

Consilium Magazine Release

HRidhaan, the HR club of IIM Raipur launched the 2nd edition of its annual magazine, 'Consilium' on the ﬁrst day of Equinox 8.0.

The magazine was launched by Mr. P Anbalagan, MD, Chhattisgarh State Cooperative Marketing Federation along with OPEP, the operations and supply chain management club of IIM Raipur conducted COGITATE, a case study Prof. Bharat Bhasker, Director IIM Raipur and Prof. Dhananjay Bapat, Chairman Student Aﬀairs, IIM Raipur. competition. Simerations, a simulation game was also conducted.

Tarkash 4.0, organized by PROvakta- Public Speaking Club of IIM Raipur, a debate competition was conducted in two phases.

Kartavya, 'Socialis Procurator', case study competition was organized that set the stage for tomorrow's leaders and combines innovation and resourcefulness to address critical social and environmental challenges.

Rang, the Cultural Club of IIM Raipur, conducted VERVE, a fashion show event wherein participants from diﬀerent colleges including GEC and MATS University took part and displayed their respective themes.

The ﬁnal act of Equinox 8.0 was a performance by the Fusion Band 'SWARANTAR', and the audience swayed to peppy international numbers and energetic Bollywood hits in the DJ night that followed.

Sports Club, Xiphos is the LAN gaming event conducted during Equinox. FIFA 11 was conducted as well where the participants witnessed ferocious competition amongst football enthusiasts. Overall the event was successful in promoting the LAN Gaming culture in Raipur which made the participants aware of the scope of gaming in the world.

The Quizzing Club, IIM Raipur organised X-Quiz-IT, the Business Quiz. Quizmaster for the event was conducted Somnath Chanda. It was a National Level Business Quiz opened for both corporate and college students. The winners were team SAIL and runners up were team NIT Rourkela. The analytics and systems club conducted Anaholix which was a live case study competition. NMIMS Mumbai secured ﬁrst place in the competition whereas K J Somaiya Institute of Management and JBIMS were the ﬁrst and second Prakriti, the environment club of IIM Raipur, conducted ARTYFACE, where students took the eco pledge and engaged runner-up, respectively. in a creative face painting competition.

Case Files, the ﬂagship event of Mantra-The Marketing Club of IIM Raipur, was also conducted which drew ECO club of IIM Raipur organized Econsilium, an innovative and novel policy making competition. The participants participation from over 250 teams from prestigious B-schools across the country. The event comprised 2 rounds of suggested possible amendments in the existing environmental policy. The implications, impacts and constraints of any exciting case studies and intense problem solving. policy from the eyes of policy makers were discussed.

42 43 IIM Annual Report RAIPUR 2017-18

All the clubs of IIM Raipur conducted various business and cultural events that spanned three days from 9-11 March 2018.

Consilium Magazine Release

HRidhaan, the HR club of IIM Raipur launched the 2nd edition of its annual magazine, 'Consilium' on the ﬁrst day of Equinox 8.0.

Tarkash 4.0, organized by PROvakta- Public Speaking Club of IIM Raipur, a debate competition was conducted in two phases.

The ﬁnal act of Equinox 8.0 was a performance by the Fusion Band 'SWARANTAR', and the audience swayed to peppy international numbers and energetic Bollywood hits in the DJ night that followed.

42 43 IIM Annual Report RAIPUR 2017-18

Pixel, the digital media club had conducted two events during Equinox 8.0- Ad-war-tize, which was an advertisement INFLUENCE, Chhattisgarh's largest student run Marketing Conclave was organized by Mantra, the marketing club of video competition, and PhotoHunt, which was photography centered contest. IIM Raipur. The first session of the conclave saw dignitaries Mr. Advit Sahdev, Marketing Head, Infibeam.com; Mr. Harpreet Dhody, CEO, Konsole Group and Mr. Ashok Lalla, Digital Business Advisor, Brand and Agencies present their Mangement Conclaves views on the emerging role of digital marketing in branding. The second session of the conclave involved a panel discussion among industry experts Dr. Kushal Sanghvi, Business Head, Reliance Entertainment; Mr. Apurva Chamaria, Chief Revenue Officer, RateGain, Mr. Ashok Lalla Digital Business Advisor, Brand and Agencies and MS Nischala Murthy ENSPIRIT - an Entrepreneurship Conclave organized by the Consulting and Entrepreneurship Club of IIM Raipur. The Kaushik, Global Marketing Head, Wipro Limited on the theme 'The changing customer and how should marketers summit acted as a platform to foster entrepreneurial spirit in participants through interaction with business stalwarts. respond'. The discussion was moderated by Mr. Sanjeev Prashar, Professor, Marketing, IIM Raipur. This was followed This year ENSPIRIT was themed 'Breaking Digital' in coherence with the theme of fest Equinox. by Dr. Kushal Sanghvi and Ms. Nischala Murthy Kaushik presenting their views on the essential skills required for a new age marketer. The conclave culminated with an extensive Q&A session with the guests. Key Speakers were Mr. Abhinay Choudhari, co-founder, Big Basket, Mr. Ankit Ratan, Founder, Signzy, Mr. Dinesh Kumar Homagai, VP, Wow Momos. The discussion was moderated by Mr. Rajeev Roy, CEO, 36Inc. The summit concluded with mementos being presented to speakers by the Director Prof. Bharat Bhasker.

Alumni Meet 5.0

Alumni Committee of IIM Raipur organised the annual Alumni Meet 5.0 on 10th March 2018 at GEC Auditorium. The event was graced by Prof. Bharat Bhasker, Director IIM Raipur along with Prof. Sanjeev Prashar and the Chief Guest Mr. Ramesh Shankar S., Executive Vice President & Head of HR, South Asia, Siemens and our distinguished Alumni. Prof. OpsColloque: OPEP, the operations club of IIM Raipur organized their business conclave OpsColloque. The key Sanjeev Prashar addressed the alumni and talked about the IIM Raipur journey from inception in 2010 till date. Prof. speakers of the panel discussion were Mr. Murali J from Titan, Mr. Dinkar Singh from DHL and Mr. Ravindra Tulsyan Bharat Bhasker felicitated Mr. Ramesh Shankar S. with a memento, and talked about how alumni are the ﬂag bearers from KnoWerx. The panel discussion was facilitated by Prof. Parikshit Charan, faculty in the Operation Management of any institution and how important it is for the alumni and the alma mater to keep involved. Mr Ramesh Shankar area at IIM Raipur. The discussion brought in valuable insights in retail chain management, importance of trust in value advised the students on the things they should keep in mind while transiting in their journey from campus to chain, setting customer expectations and the using relevant concepts of operations in industry scenarios. The club corporate. also launched its bi-annual magazine, STRIVE. The annual alumni newsletter “Aluminati 2017” was launched by Professor Sanjeev Prashar in presence of Alumni Committee and the event culminated with an extensive Q&A session with the chief guest and a networking session for the students followed by cake cutting and lunch.

44 45 IIM Annual Report RAIPUR 2017-18

Alumni Meet 5.0

44 45 IIM Annual Report RAIPUR 2017-18

¡ International Day of Yoga 2017 ¡ Swachhta Pakhwada

IIM Raipur celebrated the International Yoga Day at its campus on 21st June, 2017 from 5:50 am to 8.00 am. All IIM Raipur observed 'Swachhta Pakhwada', a weeklong event on occasion of the culture ministry's 'Swachhta hi the students, faculty members and staﬀ were present with enthusiasm and vigor in the morning to feel the unique Seva' campaign organized nationwide. embodiment of unity between mind and body. Prof. Bharat Bhasker, Director, IIM Raipur addressed the gathering of the students and faculty members during the program and stressed on the importance of yoga and the celebration of International Yoga Day across the world. The programme started with the yoga prayer followed by the yogic asanas, meditation, sankalpa which is a promise to be committed to oneself and attain the highest form of self-development and it ended with the Shanti Patha and chanting of “Om”, which created an aura of positive feelings leading to inner peace.

The Quizzing Club IIM Raipur conducted a quiz on 14th of September 2017 on topics such as environmental ¡ Independence Day issues, disasters, environmental organizations and 'Swachh Bharat Abhiyan'. Prakriti - the environment club of IIM Raipur conducted a tree plantation event. Hon. Collector and DM Raipur, Mr. Om Prakash Chaudhary graced IIM Raipur celebrated 71st Independence Day on 15th August 2017 remembering the heroes of our freedom the event with his presence as the chief guest. struggle. The Director, students, teachers and the non- teaching staﬀ gathered at the institute premises under the warm morning skies to celebrate the Independence Day. On 15th of September, PROvakta - the public speaking club of IIM Raipur organized an essay writing competition.

Dr. Bharat Bhasker, Director of the IIM Raipur, in his speech recollected the magnanimity of efforts and sacrifices On 16th September, Kartavya - The CSR Club of IIM Raipur organized an made by our freedom fighters. He stressed on the importance of a positive mind-set for the younger generations awareness drive for the girl students of Datrenga Government High School. The to succeed. He concluded his speech by asking the students to cherish this hard-earned independence and be the objective was to educate the students about female health and hygiene. flagbearers of the nation's future. After the inspirational start of the program, the students of IIM Raipur filled colours of freedom through stellar cultural performances. ¡ Literacy Day

The student community of IIM Raipur celebrated Literacy Day on 8th September in a novel way. The team of 'Prayaas - IIM Raipur Marathon' arrived at P.G. Umathe Govt Girls Higher Secondary School with the motive to spread awareness and carry the message that literacy is the key to success.

The IIM Raipur team organized various events related to literacy day and importance of education of girl child like career counselling session for students of classes 11th and 12th, public speaking exercise, drawing competition, which was based on the theme 'Beti Bachao, Beti Padhao'.

¡ Hindi Pakhwada ¡ Quami Ekta Week (National Integration Week) In an eﬀort to propagate the use of Hindi language, IIM Raipur observed 'Hindi Pakhwada'. The celebrations consisted of a series of interesting events held over a four-day period concluding with the 'Hindi Diwas' which is IIM Raipur observed 'Quami Ekta Week' from 19th to 25th November, 2017 with a view to encourage the spirit of celebrated every year on the 14th of September. communal harmony, national integration and pride in vibrant, composite culture and nationhood. This occasion provided an opportunity to reaﬃrm age old traditions and faith in the values of tolerance, co-existence and The Quizzing Club IIM Raipur conducted a quiz on 11th brotherhood in a multi-cultural and multi-religious society. September 2017, PROvakta conducted a Poetry Recitation Competition on 13th September and Antakshari Various activities observed were: Competition was organized by Cultural Club. ¡ Women's Day Celebration by Kartavya – CSR Club The closing ceremony for the Hindi Pakhwada was held on 14th September, widely celebrated as Hindi Diwas all over IIM Raipur observed Women's Day on November 24, 2017 as part of the “Qaumi Ekta Week”. To highlight the the country with the Collector Om Prakash Chaudhary importance of women in Indian Society and their role in development of nation-building, Kartavya, CSR Club of gracing the event with his presence. The winners were IIM Raipur visited Higher Secondary School, Sejbahar, Raipur, Chhattisgarh. Awareness and motivation talks on felicitated by Chief Guest and Director of IIM Raipur Dr. women achievers, essay writing competition were conducted for all the students. Program was concluded by Bharat Bhasker. distributing prizes for the winners.

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¡ International Day of Yoga 2017 ¡ Swachhta Pakhwada

46 47 IIM Annual Report RAIPUR 2017-18

¡ Earth Hour by Eco Club (Energy Conversation Programme) ¡ Fin-TALK: The Guest Lecture Series

IIM Raipur observed "Conservation Day" on 25th November 2017. Candle light vigil was conducted by Eco-club of Finatix, the Finance Club of IIM Raipur invited Mr. Gurumoorthy Mahalingam, Executive Board Member, Securities IIM Raipur to emphasise the growing need for awareness and encourage the conversation of energy. and Exchange Board of India (SEBI) for their Guest Lecture Series, Fin-TALK. Mr. Mahalingam is also a member of the Board of Governors of National Institute of Securities Market (NISM). The subject of discourse was “Role of ¡ Cultural Unity Day by Cultural Club Regulator in the Changing Financial Landscape”.

IIM Raipur observed "Cultural Unity Day" and functions presenting the Indian tradition of unity in diversity and The series aimed to complement students' academic knowledge with practitioners' perspective. Mr. Mahalingam promoting cultural conservation and integration were organised. spoke on subjects like Bank Finance vs Bond Finance, Risk Aversion, Convertibility of Currencies, Inflation and Conventional and Unconventional Monetary and Fiscal Policies. Prof. Dhananjay Bapat, Chairman, Student Affairs ¡ Vigilance Awareness Week 2017 Committee, IIM Raipur thanked Mr. Mahalingam for providing the learning opportunity to the students and enlightening them about the various facets of the financial landscape in India. IIM Raipur observed Vigilance Awareness Week from 30th October to 4th November, 2017 with full dedication and enthusiasm in accordance with the directions of Central Vigilance Commission. The theme of focus was “My Vision - Corruption Free India”. The various activities were conducted which included Integrity Pledge, Quiz Competition, Debate Competition, and Knowledge Session.

¡ IIM Raipur celebrated 69th Republic Day Our students organized various activities as a part of their respective clubs like FINATIX – the Finance Club, Mantra – the Marketing Club, OPEP – Operations and Supply Chain Club, RANG The Cultural Club, Sports Club, Kartavya – the On the eve of Republic Day, the Director, students, teachers and the non- teaching staff gathered at the Institute CSR Club. Some of the events and activities carried out by these clubs include: premises on 26th January 2018. The day commenced with inspection of the Guard of Honour by the honourable Director, Dr. Bharat Bhasker followed by flag hoisting and speech. Dr Bharat Bhasker emphasized on the need of HRidhaan: The HR club of IIM Raipur emphasizes and prioritizes the need for the development of HR management in innovation and highlighted the improvement in the industrial output of the country over the years. He also order to achieve organizational objectives. The club conducted events like Ruminate, Brain-o-vita, weekly HR Quiz acknowledged the efforts of our Prime Minister, Jawaharlal Nehru, and other visionaries who played their parts in Mirror mirage. bringing world class institutions like IIT's and IIM's to life. Thereafter, the Cultural Club of IIM Raipur staged performances on patriotic theme. Cultural Club of the institute also unveiled their formal name, “RANG-Retaining Kartavya: The CSR Club of IIM Raipur works for organizing activities that will lead to the greater good of society. Blood and Nurturing Glee” along with the logo. Donation Camps were organized twice in collaboration with Indian Red Cross Society at the IIM Raipur. Kartavya organized 'Secret Santa' for the children living in an orphanage. The club conducted 'Pratibha Scholarship' program in There was a kite flying competition and cricket match thereafter in which many students along with the professors collaboration with quizzing club of the institute at PG Umathe girl's school. participated enthusiastically that helped students and teachers to make their bond better. Mantra - The Marketing Club: The Marketing Club has been consistently working to foster an environment filled with creativity and innovation through different events, case competitions, workshops and simulations.

OPEP - The Operations Club: The Operations and Supply Chain Club of IIM Raipur endeavours to facilitate sharing of knowledge on ﬁelds related to Operations and Supply Chain Management. The club conducted a few events which included Ops layout, Opscribe, and Ops Colloque.

Pixel - The Digital Media Club: The Digital Media Club is one of the youngest clubs of IIM Raipur which was created to enhance creativity among students. They conducted two events during Equinox 8.0- Ad-war-tize, which was an advertisement video competition, and PhotoHunt, which was Photography centred contest.

Quizzing Club: The Quizzing Club of IIM Raipur endeavours to create a passion for quizzing amongst students by organizing quizzes on a multitude of topics ranging from business, current aﬀairs, trivia, sports, logos, literature, entertainment, etc.

2048 2149 IIM Annual Report RAIPUR 2017-18

¡ Earth Hour by Eco Club (Energy Conversation Programme) ¡ Fin-TALK: The Guest Lecture Series

2048 2149 IIM Annual Report RAIPUR 2017-18

environment to students to foster creativity and innovation and make green – and eco-friendly decision makers. As a Bhavya Chhawchharia Open Outcry, an online trading competition conducted by IIM Ranchi 1st Position part of the 'Swachh Bharat Abhiyan,' a Swachhta Event was organized by the club in the campus. Vershita Srivastava Shopclues CXO Challenge 2nd Position Kaustabh Mallik Oﬄine trading contest organised by Finatix - IIM Raipur 1st Position PROvakta: The Public Speaking Club provides a platform to the students across the nation to compete and exhibit their Aditya Mohan Gupta Steel-a-thon Wild Card Round 1st Position public speaking skills and helps them gain excellence in the ﬁeld. Some major events conducted by the club were Suhas A R Tata crucible campus quiz, zonal level 1st Position Prime Time, Mic Drop, Parakraman. The club conducted 'Tarkash' –a multi-format debate competition during Equinox Anjaly John Ignatia Inter IIM sports meet. 3rd Position 8.0. Shibin G. Varghese Runner up, 'War of Wits' (Flagship HR Event), XLRI Jamshedpur Runners-up CEC (The Consulting and Entrepreneurship Club): This club strives to foster the spirit of entrepreneurship and Shibin G. V arghese 'Big 10' Debate, IMT Ghaziabad 1st Position provides students exposure to the consulting industry. The club conducted events like Aakash Meet- The Raipur Shibin G. V arghese HR and Operations Events, SIMB Hyder abad 1st Position Entrepreneurs' Meet, Enspirit- The Entrepreneurship Summit of IIM Raipur, Mudit Vriddhi - A practical social Manikanta Aka National Level HR & IR Quiz Brainstorm 4.0 by Indian 1st Position

entrepreneurship event giving a chance to practically apply management concepts to build business within a short Institute of Management Ranchi time for a social cause in markets of Raipur. Vinit Tanna Ignatia - Carrom 3rd Position

Piyushi Prabha Bizz-Innovation,XISS Ranchi 3rd Position ANASYS Club: Some major events organised by this club are social digitization campaign, Laberinto, data analytics Alisha Bharti Murmu Bizz-Innovation,XIS S Ranchi 3rd Position riddle, info session on block chain. Prateek Chordia Mindsparks- PlanMyMedicalTrip, SIBM First Runner Up Priyanjit Ghosh Mindsparks- PlanMyMedicalTrip, SIBM First Runner Up Students' Achievements Rishabh Sharma Mindsparks- PlanMyMedicalT rip, SIBM First Runner Up Arihant Jain Steel-a-thon's Wild Card Round by TATA Steel Winners Youth Delegation Programme Vishakha Verma Steel-a-thon's Wild Card Round by TATA Steel Winners Monika Vasw ani Steel-a-thon's Wild Card Round by TATA Steel Winners Ministry of Youth Affairs and Sports, Department of Youth Affairs, Government of India has selected 10 students of IIM Shivam Arora Launchpad - Intaglio (IIM Calcutta's International Business summit) Winners Raipur for its Indian Youth Delegation Programme. Through this program, students got an opportunity to visit different Winners countries. The program aims at enhancing exchange of ideas, values and culture amongst the youth of different Akarshan Avinash Launchpad - Intaglio (IIM Calcutta's International Business summit) countries and also to develop International understanding. The selected students visited China and South Korea. The Abhilash K Reddy RBI POLICY CHALLENGE 2018 Winners students selected were Avikal Khare, Avisha Munjal, Ayush Agrawal, LallianPuii, Likith Nadella, Monika Vaswani, Nihit Bhavya Chhawchharia RBI POLICY CHALLENGE 2018 Winners Agrawal, Saurabh Goyal, Sonali Phapale, Srishti Kumar. Sajal Singh RBI POLICY CHALLENGE 2018 Winners

V.Shruthi Chain game by SCMHRD Winners

V.Shruthi Opswise by IIM TRICHY Winners

Navya U Opswise by IIM TRICHY Winners

Shakti Mishra Cogitate- SCM competition by IIM Raipur Winners Megha Kanapala B-plan competition by IIM R aipur First Runner Up Abhinav B-plan competition by IIM R aipur First Runner Up Ayushi Jaiswal TACTICA by IIT KHARAGPUR First Runner Up Shreya Khator PepsiCo change the game challenge Winners

Ashiq S J VIDHI- The National Social Case Study competition by IIM Amritsar Winners Shibin George Chakravyuha by SIBM Hyderabad Winners Garima Bisht Chakravyuha by SIBM Hyderabad Winners Dayitva gaur Chakravyuha by SIBM Hyderabad Winners Arihant jain Chakravyuha by SIBM Hyderabad Winners Arun Balan Kautilya, CEC Club by IIM Raipur Winners Vishal Joepaul Kautilya, CEC Club by IIM Raipur Winners Arun Balan Simerations, OPEP Club by IIM Raipur Winners Swaroop George Simerations, OPEP Club by IIM Raipur Winners

50 51 IIM Annual Report RAIPUR 2017-18

Finatix - The Finance Club was established to enhance the knowledge of finance in students. The club conducted two IIM Raipur students have not only contributed in academics but also in extra-curricular activities. This year, our important in-house events – 'Outcry'. The club also conducted events like financial colloquium. 'Sanchayan'- the students have won many prizes in national level events: financial literacy program of the club was conducted in two villages in Raipur. Position Name Event Name Achieved RANG - The Cultural Club: This club works towards keeping the college vibrant with passion and energy round the year. Prateek Chordia V-guard big idea contest - 1st position Winner The club organized various events round the year to mark days of religious, cultural and national significance. The club Priyanjit Ghosh V-guard big idea contest - 1st position Winner celebrated Independence Day, Republic Day and Teachers' Day and various festivals like Eid, Janmashtami, Ganesh Akshay Chaturvedi V-guard big idea contest - 1st position Winner Chaturthi, Diwali, Christmas, Lohri and Holi. The club also played a pivotal role in organizing Equinox 8.0 - the Business Sumit Kumar Paytm Mall Campus Icon Program 2017 2nd Position and Cultural Fest of IIM Raipur. Ayush Agrawal Inter IIM sports tournament Ranchi 2nd Position Naru Kiran Kumar IIM Nagpur -yukti case study competition 1st Position Sports Club: The Sports Club works as a platform for the students to exhibit their talent in various games and sports. Rishab Jolly LinkedIn MTV GetAJob Season 3 - Amazon Prime Video National Winner The club organised Kabbadi on Independence Day, Indoor Sports Week in september, Cricket match between faculty Rishab Jolly I Am Legend - Inter college Best Manager Competition National Winner and students on Republic day. Bhavya Chhawchharia Stock Stalking, an online trading competition conducted by 1st Position ECO Club: The Eco Club was formed with a vision of providing a natural, holistic, student-centered learning IIT Madras environment to students to foster creativity and innovation and make green – and eco-friendly decision makers. As a Bhavya Chhawchharia Open Outcry, an online trading competition conducted by IIM Ranchi 1st Position part of the 'Swachh Bharat Abhiyan,' a Swachhta Event was organized by the club in the campus. Vershita Srivastava Shopclues CXO Challenge 2nd Position Kaustabh Mallik Offline trading contest organised by Finatix - IIM Raipur 1st Position PROvakta: The Public Speaking Club provides a platform to the students across the nation to compete and exhibit their Aditya Mohan Gupta Steel-a-thon Wild Card Round 1st Position public speaking skills and helps them gain excellence in the field. Some major events conducted by the club were Suhas A R Tata crucible campus quiz, zonal level 1st Position Prime Time, Mic Drop, Parakraman. The club conducted 'Tarkash' –a multi-format debate competition during Equinox Anjaly John Ignatia Inter IIM sports meet. 3rd Position 8.0. Shibin G. Varghese Runner up, 'War of Wits' (Flagship HR Event), XLRI Jamshedpur Runners-up CEC (The Consulting and Entrepreneurship Club): This club strives to foster the spirit of entrepreneurship and Shibin G. V arghese 'Big 10' Debate, IMT Ghaziabad 1st Position provides students exposure to the consulting industry. The club conducted events like Aakash Meet- The Raipur Shibin G. V arghese HR and Operations Events, SIMB Hyder abad 1st Position Entrepreneurs' Meet, Enspirit- The Entrepreneurship Summit of IIM Raipur, Mudit Vriddhi - A practical social Manikanta Aka National Level HR & IR Quiz Brainstorm 4.0 by Indian 1st Position entrepreneurship event giving a chance to practically apply management concepts to build business within a short Institute of Management Ranchi time for a social cause in markets of Raipur. Vinit Tanna Ignatia - Carrom 3rd Position

V.Shruthi Chain game by SCMHRD Winners

V.Shruthi Opswise by IIM TRICHY Winners

Navya U Opswise by IIM TRICHY Winners

50 51 IIM Annual Report RAIPUR 2017-18 13.0 Infrastructure Development

13.1 Permanent Campus S/N Name Of Building Projected Status As On 31 Mar 2018 Handing Over Date. In the year 2017-18, considerable progress has been made in the planning and development of permanent campus. Major developments are mentioned below: 4 Staﬀ Housing 05-May-18 Almost on schedule

Major Agencies involved in Construction of Permanent Campus: 5 Dining Block 02-May-18 Almost on schedule/procurement of centrifugal chi ller is delayed which may delay the completion Project Management Consultant : Naya Raipur Development Authority, Naya Raipur Tata Consulting Engineering Ltd., Pune (Sub-consultant to NRDA) 6 Facility Block 20-Apr-18 Delay due to mainly (a) delivery of the structural glazing Technical Consultant (Architects) : Arcop Associates Pvt Ltd., New Delhi material (b) delivery of the electrical ﬁt tings Construction Agency : NCC Ltd. Hyderabad 7 Shopping Block 20-Apr-18 Delay due to mainly (a) delivery of the structural glazing material (b) delivery of the electrical ﬁttings.

Status of construction work at permanent campus: 8 Sports Block 31-Dec-18 Apprehended to be delayed due to delay in the delivery of the

The work of “Development of Phase-I Campus including Buildings for IIM Raipur at Naya Raipur” is being carried out some spare materials of WTP, which will result in the overall

by the construction agency 'NCC Ltd. Hyderabad' since 02 Feb 2016 over a total built up area of 76,842 Sqm. delay of 30 days

Development of IIM Raipur campus is in its completion stage except MDC, Sports, Library and Faculty Housing 5 & 6. The BoG approved the completion of all the buildings under phase-I excluding ﬁnishing of Library, Sports, Faculty C Substation & External Utilities Housing-5&6 in its 28th meeting held on 15 January 2018. The progress of work at site as on 31.03.2018 was as 1 Substation Buildings 15-May-18 Electrical Equipment Like HT Panels Installation In Progress follows:

2 External HVAC 30-Nov-17 Completed S/N Name Of Building Projected Status As On 31 Mar 2018 Handing 3 External Plumbing 30-Nov-17 Completed Over Date. 4 External Fire Fighting 30-Nov-17 Completed A Academic Complex 5 Road Network & Exte rnal 31-Mar-18 Top Layer Of Bituminous Road Completed As Per The Current 1 Administrative & Faculty 15-Apr-18 On schedule. Supply of electrical, HVAC, BMS equipment needs Electriﬁcation Scope

Block Up To 3 rd Floor Front to be expedited to meet the target dates

Portion

Balance Portion Of 3rd & 15-May-18 Statutory Clearances from Local Authorities: 4th Floor ¡ 2 Academic Block (Except 02-May-18 No Objection Certificate has been received from Airport Authority of India, Raipur on 27 December 2017. Auditorium) ¡ High Speed Diesel (HSD) storage clearance is under process. 3 Library (Finishing Up To 15-May-18 Ground Floor) Arrangement of basic necessities: 4 MDC Block 30-Oct-18 Terrace slab casting completed ¡ Electricity connection from CSPDCL B Residential Complex An agreement has been signed between IIM Raipur and CSPDCL, Raipur for providing 33KV electricity 1.A) Faculty Housing-1 10-Apr-18 Delay in physical completion mainly due (a) completion of final supply connection on 26 December 2017. The work of electricity supply is under progress and likely to be th coat paint before final handing over (b) delay in delivery of light completed by 30 April 2018.

coat paint before final handing over (b) delay in delivery of light The work of shifting of 1 GBPS lease line connectivity to permanent campus through BSNL is under progress 2.B) Hostel-2 21-Apr-18 fittings & fixtures & further commissioning activities (c) and likely to be completed by 30th April 2018. manpower shortage in MEP activities 2.C) Hostel-3 26-Apr-18 Tenders for various items pertaining to permanent campus development:

2.D) Hostel-4 10-Apr-18 Following tender process has been initiated for permanent campus development: 2.F) Hostel-5 02-May-18 ¡ AV & IT equipment 3 Director's Residence 15-May-18 Finishing activities like tiling/ﬂooring, sanitary & CP ﬁttings, in ¡ Kitchen & dinning equipment nearing completion

52 53 IIM Annual Report RAIPUR 2017-18 13.0 Infrastructure Development

Status of construction work at permanent campus: 8 Sports Block 31-Dec-18 Apprehended to be delayed due to delay in the delivery of the

The work of “Development of Phase-I Campus including Buildings for IIM Raipur at Naya Raipur” is being carried out some spare materials of WTP, which will result in the overall by the construction agency 'NCC Ltd. Hyderabad' since 02 Feb 2016 over a total built up area of 76,842 Sqm. delay of 30 days

Block Up To 3 rd Floor Front to be expedited to meet the target dates

Portion

1.B) Faculty Housing-2 12-Apr-18 fittings & fixtures & further final commissioning activities ¡ Water supply connection from NRDA 1.C) Faculty Housing-3 14-Apr-18 The work of laying of pipelines for water supply to permanent campus through NRDA is under progress and th 1.D) Faculty Housing-4 16-Apr-18 likely to be completed by 30 April 2018. ¡ Network Connection from BSNL 2.A) Hostel-1 16-Apr-18 Delay in physical completion mainly due (a) completion of final coat paint before final handing over (b) delay in delivery of light The work of shifting of 1 GBPS lease line connectivity to permanent campus through BSNL is under progress 2.B) Hostel-2 21-Apr-18 fittings & fixtures & further commissioning activities (c) and likely to be completed by 30th April 2018. manpower shortage in MEP activities 2.C) Hostel-3 26-Apr-18 Tenders for various items pertaining to permanent campus development:

52 53 IIM Annual Report RAIPUR 2017-18 14.0 Right to Information Cell

'Exemplary Performance Award 2017' for Best Site Management to IIM Raipur by GRIHA 14.1 Public Information Oﬃcer Council Central Public Information Oﬃcer IIM Raipur received 'Exemplary Performance Award 2017' for best site management during construction from GRIHA Council, M/o New & Renewable Energy (MNRE) during 9th GRIHA Summit 2017 held on 18-19 December 2017 in Delhi. Priyank Mittra CPIO Indian Institute of Management Raipur

RTI Applications received / replied by the CPIO during 2017-18 (Includes Online and Oﬄine RTI) from 1st April 2017 to 31st March 2018)

No. of applications received No. of applications replied Reasons for no. of RTI not fully replied 3(Partially replied due to exemption 127 124 under clauses 8(1)(j) and 8(1)(e) Summary of RTI Applications received during 2017-18

Out of 127 RTI applications received, 86 applications were forwarded by MHRD and other Public Authorities which were generic in nature and pertained to all IIMs in general.

RTI Statistics – Department Wise

Department Wise No. of 13.2 Current Campus applications received The current campus has to be kept functional with all basic necessities of clean and pleasant surroundings. A Admission 37 number of works therefore undertaken every year aim at improving the quality of life of all personnel and the Academics 13 students. Students' Placement 6 Following Contracts (Goods & Services) were ﬁnalized through Tender in FY 2017-18 resulting into better and Administration & Accounts 49 improved services in respective areas. Miscellaneous (Pertaining to 22 more than one department) ¡ Annual Rate Contract for Supply of Stationery and Oﬃce Consumable Items. Total 127 ¡ Air Ticketing & Hospitality Services (Availing service from Govt. Agency i.e. M/s Ashok Travels & Tours (ITDC). 14.2 First Appeal - RTI

First Appellate Authority Following Contracts (Goods & Services) were extended further for a period of one year in FY 2017-18. ¡ Photocopying, Binding and Lamination Services. Dr. P R S Sarma Assistant Professor ¡ Hiring of Local Taxi / Vehicle Indian Institute of Management Raipur ¡ Security Services at IIM Raipur First Appeal under RTI Act, received/replied by First Appellate Authority during 2017-18 ¡ CAMC for Computer, Printer, Scanner and other IT related peripheral No. of Applications received No. of application replied

Following Fresh Tenders Inquiries (Goods & Services) are initiated in FY 2017-18. 4 4 ¡ Engagement of Chartered Accountant Firm for Internal Audit for FY 2018-19 Summary of First Appellate RTI Applications received during 2017-18 ¡ CAMC for Computer, Printer, Scanner and other IT related peripherals Department Wise Summary

Following Contracts (Goods & Services) are continued in FY 2017-18. Department No. of ¡ Hiring of Manpower on outsource basis for IIM Raipur ¡ Wise applications Housekeeping and Facility Management Services received ¡ Catering and Mess Services at IIM Raipur Students' 2, 50% 2, 50% Placement 2 ¡ Annual Rate Contract for supply of HP Cartridges. Administration & Accounts 2 Installation, testing and commissioning of 08 passengers lift for physically challenged persons along with ramp work is completed by the CPWD and BSNL and the same is handed over to the institute.

54 55 IIM Annual Report RAIPUR 2017-18 14.0 Right to Information Cell

RTI Applications received / replied by the CPIO during 2017-18 (Includes Online and Oﬄine RTI) from 1st April 2017 to 31st March 2018)

Out of 127 RTI applications received, 86 applications were forwarded by MHRD and other Public Authorities which were generic in nature and pertained to all IIMs in general.

RTI Statistics – Department Wise

54 55 IIM Annual Report RAIPUR 2017-18 15.0 P olicy on sexual harassment of women at workplace (Pre- 16.0 Director’s Report

vention, Prohibition & Redressal) Gender Sensitivity Issues 1. (a) The affairs of the Institute are described in sections 2 to 5 of this annual report.

IIM Raipur has formulated extensive guidelines and a detailed complaint mechanism to deal with complaints against (b) The net income over expenditure accounted by the Institute in the Financial Year 2017-18 is sexual harassment of women at workplace in accordance with provisions of "Sexual Harassment of Women at Work ₹ 29,70,24,865.99. Out of the net income over expenditure ₹ 29,70,24,865.99, a sum of ₹ 28,19,35,605.11 Place (Prevention, Prohibition and Redressal) Act 2013". The Institute is committed to ensure that every woman was proposed by the Institute to transfer to corpus fund of the Institute in 30th Board Meeting of the Institute th working or studying in the Institute shall have a right to be free from all kind of sexual harassment and has a right to held on 5 June 2018. The residual amount ₹ 1,50,89,260.88 is remain with the general fund of the Institute. work & study with dignity. All the employees of the Institute as well as the students have been adequately educated on the subject during regular brieﬁngs and interactions held from time to time. A detailed exhaustive policy has been (c) The net income over expenditure accounted by the Institute in the Financial Year 2017-18 is ₹ 29,70,24,865.99. The issue raised by the Statutory Auditor in the SAR and the corresponding reply evolved and circulated to all the concerned members to deal with the menace incorporating provisions of the Act as submitted by the Institute is appended below – well as directions given by Hon'ble Supreme Court of India in its judgement in the case of Vishakha and others Vs State

of Rajasthan. (i) Current Liabilities & Provisions (Schedule 3) ₹ 22.13 Crores –

An internal complaint committee comprising of following members has been constituted to monitor and regularize Query - This does not include ₹(0.28) Crores being unspent balance of Grant-in-aid depicted by ₹13.60 these issues in the Institute: Crores instead of ₹13.88 Crores. This resulted in understatement of Current Liabilities by ₹(0.28) Crores and overstatement of Corpus / Capital fund by same amount. Prof. Vinita Sahay Chairperson (Professor IIM Raipur )

Dr. S. K. Mitra Member (Associate Professor IIM Raipur) Submission - In the Schedule 3 of the Financial Statement, the unspent Grant-in-aid ₹13.60 crores Dr. Archana Parashar F acult y Representative (Assistant Professor IIM Raipur) arrived at only after considering the opening Grant-in-aid balance ₹(0.28) Crores. Please refer schedule Ms. Lata Goyal Staﬀ Representative (Personal Assistant, IIM Raipur) 10, after considering the opening Grant-in-aid ₹(0.28) Crores and Grant-in-aid received in the Financial Ms. D. Adviti Students Representative (FPM Student, 2015 Batch) Year 2017-18 (inclusive of interest) ₹145.86 Crores, the unspent balance at the end of Financial Year is Ms. Ishita Manglik Students Representative (PGP Student, Roll No- 16PGP084) ₹13.60 Crores. Further the negative closing balance of Grant-in-aid for the previous Financial Year 2016- Ms. Vibha Rao External Member (Former Chairperson, State Women Commission, C.G. ) 17 ₹(0.28) Crores do not form part of the Current liabilities for the Financial Year 2017-18 ₹22.13 Crores, Dr. Rachna Rastogi External Member (Faculty, Government Engineering College, Raipur) therefore there is no understatement of Current Liabilities by ₹(0.28) Crores and overstatement of Cmdr Pankaj K Jha (R etd.) Member Secretary (Chief Administrative Oﬃcer) Corpus / Capital fund by the same amount in the Financial Year 2017-18.

(ii) Loans, Advance and Deposits (Schedule 8) ₹17.84 Crores - The Committee has been suitably empowered to take required actions and also sensitised on the observance of

'Principles of Natural Justice'. Periodical meetings of the Committee are being held to monitor the gender sensitivity Query – This does not include ₹0.37 lakhs being Security Deposit paid to Chhattisgarh State Power issues in the Institute even when there is no live case. Company Ltd (CSPDCL) Raipur while electricity connection is in the name of Govt Engineering College Sejbahar and not IIM Raipur. This resulted in understatement of Loans, Advances and Deposit and It is noteworthy that there has not been a single complaint in this Institute in this regard since its inception. IIM Raipur overstatement of expenses by ₹0.37 lakhs. has made consistent eﬀorts in imparting the required education and awareness to all its employees and students in ensuring complete prevention of the menace. An annual report with 'NIL' occurrence is tabulated below as per Submission – The Institute in the Financial 2017-18 was operating from the temporary campus, owned standing instructions issued by MHRD: by Govt Engineering College, Sejbahar. Therefore, the meters installed by Chhattisgarh State Power Company Ltd (CSPDCL) in the hostel blocks are in the name of Govt Engineering College, Sejbahar and Annual Return on the cases of Sexual Harassment st st not IIM Raipur. Therefore, when the electricity connection will be discontinued in future, the deposit (1 April 2017 to 31 March 2018) amount will be credited by M/s CSPDCL in the bank account of Govt Engineering College and not IIM Raipur. Therefore, the deposit with M/s CSPDCL is not considered as deposit in the books of the account S. No. Particulars IIM Raipur of the Institute. 1. Number of complaints of sexual harassment received in the year NIL

2. Number of complaints disposed of during the year Not Applicable Further these hostel blocks are being occupied by the students from IIM Raipur, therefore the electricity bills for these hostel block though raised by M/s CSPDCL in the name of Govt Engineering College, Number of cases pending for more than 90 days Not Applicable 3. Sejbahar, the bill amount are being paid by the Institute directly to M/s CSPDCL and not through Govt

Number of workshop on awareness programmes against sexual Regularly conducted to increase Engineering College. Therefore, the security deposit will be recovered by the Institute in the Financial 4. harassment conducted during the year awareness Year 2018-19 viz. at the time of final settlement of all the dues with the Govt Engineering College, Sejbahar. 5. Nature of Action Not Applicable (iii) Income Expenditure Account –

Query on Other Income (Schedule 13) ₹1.13 Crores - This does not include ₹1.16 lakhs being cost of collection of Worker Welfare Cess (WWC) at the rate of one percent of the cost of construction amounting to ₹116.27 lakhs from the Contractor's bill during the Financial Year 2017-18 and remitted the same amount to the concerned department. The cost of collection amounting to ₹1.16 lakhs (1% of WWC collected) should have been taken as Income of the Institute. This resulted in understatement of Income by ₹1.16 lakh and understatement of Corpus/Capital fund by ₹1.16 lakh as well.

Submission – According to the provision of section 3 of Building and Other Construction Workers' Welfare Cess Act, 1996 there shall be levied and collected a cess for the purpose of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act 1996 at such rate not exceeding two percentage, but not less than one percentage of the cost of construction incurred by an employer, as the Central Government, by notification in the Official Gazette from time to time specify. As per the provision under Accounting Standard 7, Construction Contract, the cost of the construction should be reduced by the incidental income, if any. In the given case, the Institute deduct Worker Welfare Cess at the rate of 1% from all the RA bills of the construction agency for the ongoing Permanent Campus Work. In other words, the Institute cannot deduct Worker Welfare Cess at the rate lesser than 1% of the Gross RA bill amount and deposit the same

56 60 57 IIM Annual Report RAIPUR 2017-18 15.0 P olicy on sexual harassment of women at workplace (Pre- 16.0 Director’s Report

vention, Prohibition & Redressal) Gender Sensitivity Issues 1. (a) The affairs of the Institute are described in sections 2 to 5 of this annual report.

(ii) Loans, Advance and Deposits (Schedule 8) ₹17.84 Crores - The Committee has been suitably empowered to take required actions and also sensitised on the observance of

56 60 57 IIM Annual Report RAIPUR 2017-18

with the local authority. 17.0 Grant-in-Aid and Corpus Fund

In order to generate cost of collection 1% of the cess amount deducted from the RA bill, the Institute must deduct at the rate higher than 1% from all the RA bill of the construction agency. The Institute must Grant-in-Aid remit at least 1% of the gross bill amount to the local authority towards Worker Welfare Cess. As per the provision of Accounting Standard 7, the balance amount viz. the cost of collection cannot be treated as During the Financial Year 2017-18, the Institute received the following Grant-in-Aid from the Ministry of Human Other Income, this is to be netted off with the cost of the permanent campus. The increase of cost to the Resource Development (MHRD), Government of India extent WWS above 1% and reduction of cost to that same extent won't change the Revenue and Capital Sl. No. Particular Received in FY 2017-18 (Rs. in lakhs) expenditure. Therefore, there is no understatement of Income by ₹1.16 lakh and understatement of Corpus / Capital fund by ₹1.16 lakh as well. 1. Plan Grant – a) Recurring Expenditure – (iv) Grant-in-aid - i. Other than Salary & Wage 2,313.72 ii. Salary & Wages 1,005.97 Query – During the year, IIM Raipur received grant-in-aid (GIA) of ₹ 145.00 crores and interest earned on b) Non-Recurring Expenditure 11,266.83 GIA amounting to ₹ 86.52 lakhs and internal receipts of ₹ 32.17 crores. In addition, there was unspent balance of ₹ 16.86 crores (GIA nil, internal receipts ₹ 16.86 crores) of previous year. Thus, out of the total 2. OSC Grant 0.00 available funds of Rs. 194.90 crores, an amount of ₹ 131.99 crores were utilised leaving and unutilised balance of ₹ 62.91 crores (GIA ₹ 13.88 crores including interest, internal receipt ₹ 49.03 crores) 3. Non Plan Grant 0.00

As per last year accounts of F.Y. 2016-17 there is an unspent balance of unutilised grant of ₹ 27.86 lakhs Total Grant-in-Aid 14,586.52 but as per the SAR the unutilised grant is Nil. The same needs to be reconciled. Grant-in-Aid towards the expenditure under the code 31, 35 and 36 includes Rs. 13.72 lakhs, Rs. 66.83 lakhs and Submission – In the Financial Year 2016-17, the opening grant-in-aid balance (viz. on 01/04/2016) was Rs.5.97 lakhs respectively towards interest on Savings Bank account. ₹ 10.28 crores. Grant in aid received during the F.Y. 2016 was ₹ 96.60 crores. Interest earned from grant- in-aid during the FY 2016-17 was Rs. 36.02 lakhs. Recurring expenditure incurred in the F.Y. 2016-17 was Rs. 14.09 crores. Non-recurring expenditure incurred in the F.Y. 2016-17 was 93.44 crores. The closing Corpus Fund grant-in-aid balance as on 31st March 2017 was ₹ (27.86 lakhs) (viz. negative balance) and not positive ₹ 27.86 lakhs. The Institute has accounted Rs. 28,19,35,605.11 towards student's fees and other income predominantly from interest income in the Financial Year 2017-18. The total amount constitutes as a part of Corpus Fund as on 31st March Accordingly, the closing grant-in-balance as on 31st March 2018 was ₹13.60 crores and not ₹13.88 2018 amount to Rs. 1,18,40,09,172.92. crores appended above.

(d) Following Research Projects are undertaken by the Institute and ongoing: -

(i) “Disclosures in Accounting in India and Changes in Accounting Policies” by Dr. S. K. Mitra and Dr. Vinay Goyal (ii) “Optimization Techniques in Financial Analysis” by Dr. S. K. Mitra and Dr. R. K. Jana (iii) “A Grounded Theory Inquisition into Haggling” by Dr. Jagrook Dawra

(e) No new faculty or staff appointed during this period.

(f) Details are given in Section 7 of this Annual Report.

2. The names of the five officers including faculty members and other employees of the Institute who received the highest remuneration (including allowance and other payment made to such employees) during the Financial Year and contribution made by such employees during the Financial Year.

Sl. Name of the Designation Remuneration Contribution made by such no. employee paid in FY 2017-18 employee

1 Prof. Sanjeev Prashar Professor 36,03,720.87 Teaching, research and MDP

2 Dr. S K Mitra Associate Professor 30,64,526.42 Teaching, research and MDP

3 Dr. Sumeet Gupta Associate Professor 30,07,069.06 Teaching, research and MDP

4 Prof. Bharat Bhasker Director 29,68,222.00 Faculty motivation in research, consulting, MDP, New campus construction

5 Prof. Vinita S Sahay Professor 28,49,476.87 Teaching, research and MDP

3. None of the employee is relative of any member of the Board or Academic Council of the Institute.

4. Observation of CAG are described in the Section 18 of this annual report as SAR.

58 60 59 IIM Annual Report RAIPUR 2017-18 with the local authority. 17.0 Grant-in-Aid and Corpus Fund