Guest Lecture by Mr. Ashutosh Zawar

The SIMSREE campus witnessed yet another important and enlightening guest lecture, delivered by Mr. Ashutosh Zawar.

Mr. Ashutosh is a rank-holder C.A. (13th All India Rank in May 2002 CA Foundation and 29th Rank in November 2003 CA PE-II exams) and a Bachelor of Commerce from University of Pune. Over the last 3 years after co-founding Academy of Financial Training (AFT), apart from managing the Business Development and day-to-day activities of the business, he has over 1,000 hours of professional training experience. He has been instrumental in launching new training programs and innovating curriculum and training delivery style. The firm has successful training across Basics of Finance, Financial Modeling, Corporate & Project Finance, and Financial Risk Management. Mr. Zawar also provides advisory services to Small and Medium businesses for fund-raising.

Prior to AFT, Mr. Zawar has had around 5 years of experience ranging from Auditing, Investment Banking, Corporate Advisory and Financing Transactions. He worked for over 3 years with the Project Finance team at IDFC, a leading financial services company in the Infrastructure domain, he has worked on sectors such as Healthcare, Education, Tourism, Telecom and Power. His work profile included Operational and Financial Modeling, Business Appraisal, Valuation Analysis, Drafting of Terms and Commercial Negotiations. Before joining IDFC in 2007, he worked with Morgan Stanley’s Investment Banking team for around 2 years

In his addressal to the batch, Mr. Zawar touched upon various topics in Finance, like Fund raising through agencies like Private Equity, Venture Capital, Angel Investors, etc. He explained in detail the roles which a Finance MBA graduate can take up after graduation

In the lecture, Mr. Zawar emphasized on the importance of Microsoft Office in the financial sector. He stressed that fluency in softwares like MS Excel, MS word is extremely important and it is an indispensable part of the career.

The session was quite interactive throughout, and Mr. Zawar fielded the questions asked by the students with comfort, answering each of them.

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SIM'ergence 14

SIM’ergence is the annual flagship corporate event of SIMSREE. It is organized by ‘Corporate Relations Committee’ of SIMSREE in association with BSE (Bombay Stock Exchange). With the aim of bringing about an interaction between management students and corporate, the event is being organized successfully from the past one decade. Pragmatically, it’s an annual academia-industry interface, where in, the stalwarts of the Business and Industrial world come together to discuss the issues and scorching questions faced by the various industries and identify what could be the future business trends. Persisting with this trend, SIM’ergence was organized on 14^th March, 2014 at BSE’s International Convention Hall.  Keeping with its tradition of picking up themes that are to contemporary industrial and economic scenario, The theme for SIM’ergence 14 was ‘Turbulent Times: Thriving or Surviving?’

Indian market was recently surrounded by many impediments including depreciation of rupee, rising crude oil prices, low consumer demands, low investor  confidence. Bad loans, lack of infrastructure, weak government at the helm were also adding to the already existing woes. As future managers, these events were very relevant to the management students.  SIM’ergence 14 provided the platform for the students to meet and understand the views of established players from across the industries which would guide them to prepare the necessary strategies when they actually start dealing with the things in their corporate career. This grand event was witnessed by both 1^st & 2^nd year students of SIMSREE, many students and professors from other eminent business schools from Mumbai.

The event was started by the traditional lighting of the lamp along with Saraswati Vandana. Dr. Sandhya Dhabe (Director, SIMSREE) then delivered the welcome note in which she summarized the idea behind the theme of the event. “Today’s economy is going through a bad phase. Even the big organizations are losing their dominance. Little start-ups are struggling big time. So to survive in this situation it is necessary to understand the various strategies and the plans of action by the students (who are managers to be)”, said Dr.  Dhabe.

SIMSREE was honoured to have Mr. M. B. Parekh (Chairman, Pidilite) as the chief guest of SIM’ergence 14. “It is very easy to get distracted by turbulence.  But one should not get distracted by the same. There should be a clear vision to identify the opportunities in the period of turbulence”, Mr. M. B. Parekh said. He elaborated the opportunities conveyed by turbulences by the example of Seagulls catching fishes in turbulences created by a passing boat. “Robust Business Model, Flexibility and Alertness are the three keys for surviving in turbulent times.”, Mr. Parekh concluded. Students were enthralled by his simplicity and pleasant personality.

Mr. Madhukar Sabnavis (Vice Chairman & Country Head (Discovery & Planning), Ogilvy & Mather) was the Guest of Honour at SIM’ergence 14. An ardent cricket fan, Mr Sabnavis quoted examples of two classic test matches to highlight few winning strategies like ‘Playing to the strength’ and ‘Keeping faith in themselves’. Mr. Sabnavis said, “When you hit the turbulence, you will definitely find your way to come out of it.” Apart from this, he gave many examples through the clippings of famous advertisements & movies.

Following this, students witnessed the keynote speaker Mr. Vaidison Krishnamurty (Director, Transaction Services & Private Equity (Mergers & Acquisions), PricewaterhouseCoopers) extending his views on the theme of the event. Through his immense experience in dealing with foreign investors, He explained how all these investors look at India as an investment destination. “Thriving and Surviving are the two ends of the spectrum. Indian economy is lying in the middle.” Mr. Krishnamurty opined. Mr. Krishnamurty expressed his worry about the future situation in India especially on fronts like employment creation, growth of manufacturing sector. He also hailed good legal systems, Government measures like DBT, strong central bank as India’s plus points. 

Icing on the cake was the guidance from Mr. Sanjeev Churiwala (CFO, Ambuja Cements Ltd.), who happened to be the special guest speaker, on the theme of the event. Mr Churiwala elaborated the drastic changes in India since opening up of the economy by quoting figures like GDP, FDI Inflow, exports and Foreign Exchange Reserves of India. Mr Churiwala highlighted burning issues like infrastructure, changing consumer preferences. Concluding on an inspiring note, he guided students by saying, “The exposure, willpower and the clear mindset are the factors that make the brighter MBA students stand out from the entire lot. At the end of the day, it is hard work and stable mind that would prove the potential of the students.”

Panel Discussion -1:-

The speeches were followed by panel discussions. The topic for the first panel discussion was ‘Leveraging Turbulence: The Key to Dominance’. The industry stalwarts participating in this discussion were:-

1.      Mr. Rajiv Bajaj, Associate Director- CS & CFO, Panasonic (Moderator)

2.      Ms. Vibha Padalkar, Executive Director & CFO, HDFC Life

3.      Mr. Sandeep Gokhale, President, JSW Steel Ltd.

4.      Mr. Bharat Sampat, Executive Vice President & CFO, Development Credit Bank

5.      Mr. Sudeep Nair, Global Head (Business Transformation), JLT

6.      Mr. Srinivasan Gopalan, CFO & COO, The Wadhwa Group

Mr. Rajiv Bajaj kicked off the discussion by fetching reference to the turbulent situation of Dollar-Rupee conversion. “At the end of the day, everyone is here to make money. If you are not doing that, then probably you are not adding value to yourself or to the society in which you are operating”, Mr. Bajaj put forward his thought.

Ms. Vibha Padalkar talked about the turbulences observed everyday in financial sector. She elaborated the impact of globalisation by various examples. She also discussed Snow-balling effect, impact of regulatory policies and elaborated change management strategies by discussing examples. “To sum it up, it is necessary for us to be a catalyst of change to cause disruptions in the market.” quoted Ms. Padalkar.

Mr. Sandeep Gokhale highlighted that turbulences are due to perceptions and frequently changing policies. “In short, turbulence is in human mind and there is no external force which comes to announce that there would now be turbulence in the world. Hence, we need to handle the mental turbulence first. Also, there needs to be cohesive working among different sectors. Unless this happens, turbulence is bound to be there in our mind and hence in the market.”

Mr. Bharat Sampat highlighted the role of anticipation of change and making decisions regarding acceptable risk in dealing with turbulences. Mr Sampat said, “In the financial sector, there are four areas where the turbulence can happen i.e. currency, inflation, internal debt & external debt. All these four can have effect on banking. These are the signals to be watched for.” Mr Sampat also advised audience to watch out for changes in technology.

Mr. Sudeep Nair highlighted the new ways of working that can emerge through the turbulences by saying “Whenever a company faces turbulence, whether by their own will or by external forces they will get transformed. So, we need to define new ways of working in the future. That is what the function of ‘Business Transformation’ does.”

Mr. Srinivasan Gopalan elaborated the brighter side of turbulences by saying, “I just love turbulence because my presence is felt during turbulence than when things are going good. If we can make a difference to an organization then that is why we should exist.” Mr. Gopalan also elaborated on the role of customers, intermediaries, shareholders. He also stressed on establishing and maintaining relations with them.

On a positive note, panellist concluded that the turbulence would always be there and how we respond to it would make the difference. 

Panel Discussion -2:-

The topic for second panel discussion was ‘Is your Talent Strategy built for Uncertain Times?’. The theme was chosen in order to understand the human aspect of managing turbulences.  The panel included following dignitaries:-

1.      Mr. Vinay Deshpande, Chief People Officer, Financial Services Sector, Mahindra & Mahindra (Moderator)

2.      Dr. Ajay Oberoi, Chief People Officer & Head Admin, IDBI Federal

3.      Mr. Vikram Bector, Chief Talent Officer, Tata Motors

4.      Dr.  Sheen Akkara, Director (HR), India Region, Nielsen

5.      Mr. Manoj Phadnis, Group Executive Vice President & Head HCM, Yes Bank

6.      Mr. Rituraj Sar, VP & Head- Learning & Development, Lupin Ltd.

Mr. Vinay Deshpande, who was the moderator, started the discussion by putting forward his thoughts on the subject. Mr Deshpande elaborated ‘Talent’ as an uncompromisable necessity. He lucidly described his idea of talent management by saying,
“Today there is turbulence, but tomorrow there might be an upswing. So, I would like to look at talent from both fishing and farming perspective”,

Dr. Ajay Oberoi put forth some examples from history, like Gold-Carter Breakage, Asian Financial Crisis to bring in some perspective. Dr Oberoi also explained how people failed to learn lessons from these situations. Going back to basics was his advice to the talent managers of the future.  

Mr. Manoj Phadnis elaborated his take on talent by saying “It is actually the matter of identifying what every individual has the ability and utilizing it for the benefit of the organization and that’s what real talent is all about.” According to him, the key was to identify opportunity, engaging people, being proactive and gaining trust of employees.

Dr. Sheen Akkara compared career to a marathon and stressed the huge advantage of starting career in uncertain times. Underlining the importance of loyalty, he said, “It is necessary to preserve loyalty during uncertain times. The only thing that is certain in the organizations is the ‘Uncertainty’.”

Mr. Vikram Bector explained the human nature that tries to get away from turbulences. Maintaining energy and learning from the experiences was the success Mantra according to Mr. Bector. Underlining the role of a talent manager, he said, “Top talent, Expectations from the gen-next, Culture etc. are some of the levers that HRs need to handle during uncertain times. “

Mr. Rituraj Sar elaborated the role played by sense of purpose in surviving through the tough times by saying, “We need to ask three questions to ourselves viz. 1) What is my trigger? 2) What makes me get the best out of myself? 3) What makes me double up my ownership and accountability for whatever I am doing? If we try to get answers to these 3 questions, we would get the purpose going for ourselves. “

All in all, the entire event was a grand success. Students of SIMSREE got a lifetime opportunity to interact with many industry stalwarts and that too on the single stage. They got tremendous amount of knowledge from the eminent guests that served the purpose of the event. SIMSREE thanks all the guest speakers who graced SIM’ergence 14 despite their tight schedules.

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HER initiative (Hi) - A step towards forming 'Women Entrepreneurs'

8th March saw a flurry of activity on the campus at Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE). It had to be, after all it was the 8th Of March’14- Launch of the movement ‘HER initiative’ (Hi)!

‘Hi’ says that women are already empowered & now it’s time to take initiative! Women could be a true driving force, if only they could take those initiatives, howsoever small!

The audience consisted of a mix of students from different colleges and streams - all of whom who were very curious to know about ‘Hi’. It focused on creating a platform where women students could get inspired & imbibe the initiative-taking qualities of esteemed women entrepreneurs! This was followed by a business-plan workshop to train students and aspiring entrepreneurs with specific techniques and tools to create a road map for actualizing their personal business idea.

The women speakers who graciously agreed to address the audience were all fabulous achievers in their own right and in their own fields! The initiatives spoken of in their respective fields helped the students gain perspective of the manner in which one can take the proverbial plunge into entrepreneurship. Overall, the audience absolutely loved the concept & supported the movement. Our speakers also lauded the initiative and wished it the best of luck.

‘Hi’ now aims to become a full-fledged movement & become an organization which helps women, especially students, by training and mentoring them with the help of accomplished women entrepreneurs/intrapreneurs. All this whilst trying to create a brand out of ‘HER initiative’ & utilize the same in fashion apparel; the revenue of which would be used to self-sustain and spread further the movement of ‘Hi’.

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Sankalp'14 - A social event of SIMSREE

Sankalp '14, a social of SIMSREE, was held with great fanfare on March 2, 2014. Organized by the Student Social Responsibility (SSR) Committee at SIMSREE, Sankalp is about creating an impact in society by creating awareness about burning social issues. It counts on the decision-making capability of MBA students to generate solutions for social organizations in need.

Last year, Sankalp’s theme was ‘Empowerment of Women’ and it was a resounding success. This year, in light of the 2014 elections, ‘Voting Awareness’ theme was chosen casting a spotlight on voting in India. Factors such as social media, the AAP, endless scams and indecisive leaders have led to a reinvigorated voter base, including a huge youth group. However, in the past, this has seldom resulted in a high voter turnout. 
(Link : - 'Article - Voter Registration Drive')

To remedy this problem, the SSR committee kicked off Sankalp '14 with a hugely successful voter registration drive – in association with ‘Vote for a Better India’ – on Republic Day. This was followed up by a viral video competition on social media, which reached thousands of people in the youth demographic.

On March 2, the main event kicked off with an addressal by eminent filmmaker and activist Mr. Ashoke Pandit and Prof. Sangeeta Pandit (HOD Finance, SIMSREE). After a short break, the case competition kicked off with Dr. Anup Ramani and Prof. Sangeeta Pandit serving as judges. This competition was tailored around a live case in association with the ‘Indian Cancer Society’. Participants were tasked with solving a problem faced by ICS.

After this, the event continued with a social B-plan competition judged by Mr. Anil Agarwal (Head of Corporate Financial Planning and Analytics at Syntel), Mr. Sugato Basu (GM - Corporate Marketing, Syntel) and Mr. Sandeep Varma. The four finalists in this event presented fascinating ideas backed by facts and figures.

The final event of the day was a debate competition with three invigorating and vociferous rounds. The debate was judged by Ms. Charulata Ravi Kumar, Dr. Agnelo Menezes and Mr. Roy Varghese. High calibre participants and jury members ensured that the three events were very successful.

We are thankful to our sponsors Union Bank of India, HDFC Mutual Fund and Charagh Din; without whom it wouldn't have been possible for us to conduct this event on such a grand scale. We are also grateful to Prof. Sangeeta Pandit, Dr. R.K.Srivastava and Prof. Aashish Pawaskar who constantly encouraged us and helped us whenever required.

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Guest Lecture by Mr. Prasad Akerkar

On 28^th February 2014, SIMCON organized a guest lecture by Mr. Prasad Akerkar, SAP Practice Head & Learning and Development Department Head at Larsen & Toubro InfoTech Ltd. Mr. Akerkar spoke on “ERP System Implementation & Change Management”.

Mr. Akerkar started his lecture by explaining basics of ERP, its use and implementation in a company, methodology and benefits in different departments. He also gave students the information about the history of ERP and how it modified the technology over the years. He gave insights to the students about supply chain, bottlenecks in supply chain and the role ERP plays while dealing with these bottlenecks.

Mr. Akerkar talked about Business Development Process. He made students familiar with various concepts like Make to Order, Make to Stock etc. He shared his experiences and gave real time examples for better understanding of students. He said that the approach, consulting attitude, exploring and expansion plays a crucial role in development of any business process. Sir made the session very interactive by taking the example of ERP implementation in a college (say SIMSREE) and asking students how it could be used in various college activities like admission, lecture schedules and finance.

Mr. Akerkar also explained the role of ERP implementation Life Cycle in Project Management.  He gave a brief idea to the students related to the stages through which a new Project goes like Project Preparation, Business Blueprint, Realization, Final Preparation and Post Go Live Support and how the real time examples are solved. He also spoke about the role of ERP in benefit realization and improvement of efficiency and effectiveness of processes.

Students also got to know about ‘Change Acceleration Process’ (CAP) module and 7 steps involved in implementation of CAP.  They also got insights about Proposed Framework for Change management.

The lecture was very informative and engaging. Being able to listen to and ask questions of such an informative speaker was a real benefit to the SIMSREE students. We thank Mr. Akerkar for his valuable guidance.

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Literathon’14

Literathon is the flagship literature event of SIMSREE, organized by Sydenham Management Review (SMR) Committee. Literathon’14, sponsored by Leadstart^TM publishing, was organized on 23^rd February, 2014 in the Sydenham Management Excellence Center at SIMSREE.

It comprised of two events: -

1.       Acumen: Acumen is a research paper writing competition which aims at providing a platform for young management students to present their ideas and views to the business community.

2.       Bibliophilia: A book review competition which gives young management students a way to showcase how a thought provoking book has imprinted their minds.

Inauguration ceremony of Literathon started at sharp 9:00 AM in a packed auditorium, first with the national anthem. It was followed by the traditional lighting of the lamp by our dignitaries Mr. Suresh Nimbalkar - Senior Vice President, Hansa Research, Mr. Ninad Karpe – CEO, Aptech and Professor Agnello Menezes – Economics, St. Xaviers College, who were also the judges of Acumen. The inauguration ceremony ended with a short video showing a glimpse of the activities conducted at SIMSREE to the audience.

Acumen was the first event. The finalists for Acumen were from JBIMS, SIMS, IIM-I, IIM-L and NMIMS. Each team tried to showcase their research to the esteemed jury. The research papers covered different fields of management viz. Marketing, Finance, Operations and HR. The presentations were followed by a Q&A round, where the jury not only asked insightful questions, but also suggested future avenues to the teams for their research.

Finally the team from SIMS (Mr. Atish Bakhru and Ms. Shivani Sharan) emerged victorious, their topic of research being ‘Customer Perception Analogy for In-store retail vs. Online Retail of same electronic company’.

Team from JBIMS (Mr. Manish Tewani and Ms. Ajita Ranade) finished a close second with their paper ‘Revamping the Sales and Marketing Strategy for the Indian Pharmaceutical Industry’. The dignitaries were especially pleased by the effort put in by the students and also advised them to use such analytical skills in all walks of life.

The jury then shared their experience and feedback about the papers and the event with the audience. Acumen ended with the prize distribution to the winners which included cash prizes and books from our sponsors.

Post-lunch, Bibliophilia started with the same pomp and fervor as Acumen. The judges for Bibliophilia were Dr. Ambi Parameswaram - Advisor and Former CEO, DraftFCB Ulka, Ms. Anjali Kriplani – Author “Never Say Never” and Prof. Leslie Rebello – Director at LRMEI & L.R. Associates. Teams for Bibliophilia were from institutes like SIMS, SIMSR, PUMBA and SIMSREE.

After the presentation and a grilling Q&A Round the winner was Ms. Harsha Dharmaskar, who reviewed the book ‘1984’ by George Orwell and the runner-up was Mr. Ayush Samantroy, who reviewed ‘For God’s Sake’ by Dr. Ambi Parameswaram, both from SIMSREE. The jury was impressed by the details with which the books were reviewed and the intuitive way in which various management concepts were explained citing examples through the books. With the feedback from panelists and prize distribution to the winners, Bibliophilia and in turn Literathon’14 signed off a successful completion of its 3^rd year and with plans of becoming bigger and better in the form of Literathon’15.

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Guest Lecture by Mr. Parimal Sheth

Over the years, Finance stream has been regaining the momentum among MBA aspirants. In SIMSREE itself, more than half the batch constitutes of Finance aspirants. The reasons can be attributed to many and is beyond the scope of this article. Within finance, Private Equity and Investment Banking are among the preferred career options. The SIMSREE students were in for a pleasant treat when Mr. Parimal Sheth, from J.R. Laddha Financial Services came down to the campus for a guest lecture on ‘Private Equity, Venture Capital and Investment Banking’. Mr. Sheth, a CA by qualification with over 25 years of experience in Investment Banking, is the Director-Investment Banking at J.R. Laddha.

Keeping with the SIMSREE tradition of maximum industry interaction and corporate connect; this was a very good opportunity for all the students to get an insight into the field of private equity and venture capital. To be very honest, such opportunities are very rare to come by. The batch expected Mr. Sheth to share his experiences in his area of expertise and he did not disappoint. He was kind and humble enough to oblige and kept the floor open for discussions and doubts. Mr. Sheth also shared insights on the recent closure of an M&A deal by JRL wherein a Japanese stationery giant acquired an Indian Notebook manufacturer. Post this; he started off the presentation with a brief description of the means of finance for a company: the traditional means. That set the floor to begin the lecture on venture capital and private equity. Many of the students have wrong notions or misconceptions and people in the audience were clueless about these terms. Mr. Sheth then gave the objectives of a venture capitalist. Venture capitalists take higher risks for higher returns and help growing companies to become stable. The guest then took the audience through the different stages of funding, right from idea generation to a large business. The stages of private equity are many from seed stage, start-up, expansion, mezzanine, buyout and so on.

Sir then told about the sectors that venture capitalists look for and shared some live examples like Flipkart, Zomato, Quikr, RedBus, Jabong etc. The questions started coming in from the audience. The students seized this opportunity and kept flooding the guest with questions and doubts. One hot topic of discussion was the deal between Facebook and Whatsapp. The batch was eager to learn more. There was a very good question that India lags far behind China in terms of venture capital and private equity. Mr. Sheth was quick to reply that though India lags behind, India is doing pretty well to its standards and the situation is getting better.

A very big confusion among youngsters was cleared: Difference between Private Equity and Venture Capital. Venture capital involves high risk but less amount of investment as it deals with early stage of investment, whereas private equity involves high investment as well as high risk as it comes in to picture during the expansion stage of a company. From there on, Mr. Sheth went on to explain the PE/VC investment process. He concluded his presentation by sharing the success stories in the VC/PE deals like JumboKing, Gowardhan and BIBA.

It is rare that students get to interact directly with someone who has made his career in investment banking. It was great to see the level of interaction between the audience and the guest; full marks go to Mr. Sheth for bringing in the comfort level due to which the students could ask as many questions as possible. The Q&A session ranged from process of venture capital, the ways to attract VC funding, JRL role in fund raising process to Tata Corus deal.

It would be appropriate to say that the batch was more enlightened about the way private equity works. It was perhaps one of the most insightful lectures by a corporate on campus. Sir was kind enough to share his contact details and invited students to ask any queries or doubts anytime.

At this early stage of students’ careers, it is very important to learn from the successful people of the industry to attain success. Mr. Sheth brought with him a high level of humility and expertise and inspired everyone to have the same. He had little to gain from the session, but he cancelled appointments to make it on time. SIMSREE appreciates his way of giving back to the society in the form of knowledge.

Finally, SIMSREE students thank Sir for taking out time from his busy schedule and coming down to campus. Everyone is looking forward to such an eventful lecture on campus again.

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