Five post-graduate programme (PGP) students of the Indian Institute of Management, Ahmedabad (IIM-A) have set up a Private Equity (PE) and Venture Capital (VC) club to help students get hands-on experience by involving PE/VC players from India and abroad. Unlike finance clubs run by most B-schools in the country, this club exclusively focuses on PE and VC funding.

The lack of opportunities and experience in the PE and VC space led five students to set up the club called ‘Leverage’. With around 50 students interested in being members, the club will be a forum for students interested in all aspects of private equity and venture capital.

“We came up with an initial skeletal structure of the PE club by looking at institutes like Harvard and others from the Ivy League. But the end product has been entirely our idea of how a PE club should be. Although we prefer to call it an interest group for the time being, we plan to run a full-fledged club with more activities soon,” says Anirudh Singh, a member of the club.

“PE as an industry has boomed in India and we plan to invite speakers to the campus, hold conclaves, workshops and other events to provide a platform for the students and corporates to interact. Also, we are looking forward to hold intra-institute events, where the students can write an investment proposal and a panel of faculty members can judge them.

We have no restrictions when it comes to corporates as we would be involving both top- and middle-level players to encourage more and more activities in the field of PE and VC,” says Gagandeep Singh, another member of the club.

As part of formalising the club, the students are holding the first intra-institute event called the ‘Zen of Investing’, where the club plans to invite alumni working in the area of private equity, besides involving the faculty and students for the activity.

The club also has plans to tie-up with Post-Graduate Programme in Management for Executives (PGPX) students to getter a better perspective of private equity. “The PGPX students would be able to share their experiences about private equity and with their support, we plan to involve ourselves with the corporates in a deeper way through various activities, including projects and case workshops,” adds Anirudh Singh.

The club is in talks with a few corporates, who have shown interest in sponsoring the club.

“We are considering more options for funding besides the institute and the corporates we are in talks with. Currently, we are in the stage of gauging the responses from the people about the club,” says Anirudh Singh, before adding, “Although we have started out PE and VC, we may consider branching out to other areas like micro finance later.”

More : business-standard.com

The Faculty Council of Indian Institute of Management, Calcutta (IIM-C), Tuesday, a petition before the Supreme Court for impleading itself as co-respondents in the case of PIL against cut costs, for HRD on the Union in all Department of IIMS Government of the European Union.

Hearing on PIL is scheduled to begin on 16 April.

The IIM-C Faculty decided to representation, whoever may be made by the Board of Governors of the Institute. Prof. Asish Bhattacharyya, Dean (planning and management) of IIM-C and spokesperson of the Faculty, said the Business Line, there is a clear difference between the opinion of the Faculty and some members of the Board of Governors Tax on the issue of interface and the exercise of autonomy of the Institute.

The Faculty Council felt that the independence of representation should be addressed to bring the case before the Court of art.

“The Faculty feels that some members of the Board of Governors can not exercise their independent judgement in the interest of the institute. It is therefore responsible for the faculty, for the interests of the Institute, its teachers and students present and future, “Spokesman.

The Faculty Council, in its application at the end of court, said that “autonomy have so far by the Institute in the pursuit of excellence, not by any political or bureaucratic influence, it would be possible to l ‘Institute, to achieve their current status.

The Faculty is therefore every interest in ensuring that these non-interference in its affairs under way should continue, so that the Institute could be the target, without distraction. ”

Prof. Bhattacharyya also stressed that for the question of standing was concerned, has always questioned, the respondents in the previous hearings, the Institute of the Faculty was better placed than the Alumni Association of the IIM - C. He said, however, were Alumni of transition assistance of the Faculty.

The IIM-C Board of Governors In the meantime, was unable to formalize its response to the Apex Court directive last week for a model to 16 April.

According to some sources, the technical problem of convening a meeting of council is therefore a period of 15 days.

The director of IIM-C and the chairman of the Governing Council understood to have discussed issues related to the Institute’s response to the edge Court directive also as a form adoption of the resolution drafted by the presidency.

The fate of the planned meeting between the Faculty and the president on 15 April seems uncertain, given the evolving situation. Informed sources suggested that IIM-C could try for some time by the Court of art for its presentation, but is optional.

How IIM, Ahmedabad, the Supreme Court today for some cases, pressure on IIM-C, for a formal presentation.

The Indian Institute of Management-Ahmedabad (IIM-A), in an affidavit filed before the Supreme Court on Tuesday, has said that the unilateral decision of the Union ministry of human resources development regarding fees to be charged by IIMs does not seem to be a step in the right direction.

The affidavit, filed after the apex court served notices to the six IIMs on April 8, asking them to clarify their stand on the fee-cut issue, puts on record the IIM-A’s willingness to sort out the issue through a process of dialogue.

“We have not gone to the court proactively. The affidavit places our views on record in answer to the notice and not filing it would have limited our options. We are, however, not a party to the PIL,” said a source in the IIM-A.

The affidavit has three components - the Position Paper prepared by the faculty, the resolutions passed by the IIM-A Society and the Board of Governors recently, and the fact that the institute is in a process of dialogue with the ministry.

Dons feel that the affidavit clarifying the institute’s willingness for a dialogue will create an atmosphere that will help the process initiated by chairman NR Narayanamurthy during the board meeting here on April 3.

The affidavit said the fee-reduction order has to be seen not in isolation, but in the larger context of many other decisions by the ministry that threatened the autonomy of the institute.

It has also said that the notification on fee reduction “violates the time-honoured process of the fee being decided by the Board of Governors and that it is not necessary to reduce fees to make management education more affordable to the less well-to-do sections of the society.”

Meanwhile, the Indian Institute of Management-Calcutta faculty council filed an application before the Supreme Court, praying for an order impleading it as a respondent in the fee-cut case already pending before the apex court.

This is a new variant of the still ongoing tussle between the Union Ministry of Human Resources Development and the Faculty of the Indian Institute of Management, Calcutta.

The MHRD, a cheque crore RS 4 IIM-C on Thursday evening, with a goodwill letter, this is not the kindness of the Faculty members.

While the letter states that the money is sent to the Institute with the express purpose that good, that the deficit is due to annual tuition of 1.25 lakh bar RS RS 30000, members of the Faculty said that the ministry was only trying “an act of submission” to the Supreme Court.

While no provision has been to date have IIM, Ahmedabad and IIM, Bangalore, it is assumed that money was sent to IIM-C, because its Board of Governors of the tax by a bar resolution, while the Faculty decides against him.

The PIL was filed at the head of court against the MHRD for the tax bar. IIMS of Ahmedabad, Bangalore and Calcutta (Faculty, in the latter case), the PIL.

The Faculty The argument was that once the tax reduced, it is annual deficit of nearly 6.5 crore MHRD But the case has ensured that good, the deficit in tranches of the fee, and it is in the sense that the check was sent.

Faculty A meeting was convened last Friday to discuss the removal MHRD and the consequences that result from the fact that the Faculty last. The Council said MHRD not a single penny time in 2003-04, when he apparently was preparing to send at least RS 6 crore.

Hence, the sudden release of funds is “intangible and a powder in the eyes.”

“The MHRD all crazy trying to maintain, in the cheque. It is well below what the IIM C would be necessary if the tax bar is implemented. The Institute is already taken by a lack of means. We have tried our cost of the body that we have put in place since 1991, a high-level Faculty said.

“Let the MHRD first version during the last year, the fund and its share for this year, through these RS 4 crore, before any claim,” said the panel members.

Calcutta: Indian Institute of Management Calcutta (IIM-C) on its faculty at the 22nd session of the Council a letter dated April past Alumnus of IIM Ahmedabad Vipin Gupta, an original by the applicant against the Union PIL Department of Resource Development Human IIM’s helm for tuition of 1.50 lakh RS RS 30000, IIMC dean of planning and management, Ashish Bhattacharyya said.

The positive side is the meaning of the Court that, finally, is the centre of a dialogue with IIMS on fresh cut and autonomy.

“The key expectations reaffirming the institutional autonomy and limitation of financial dependence by the Indian government, so that money can be used in more pressure on primary education and gender equality Empowerment areas, “the letter said.

IIM-C faculty members have received the letter on Saturday.

Gupta’s letter, however, is stuffed with complains that the decision of the IIM-A to plead for a postponement had disrupted plans. “For this reason, all three IIMS lost their chances to obtain a guarantee of a stay in order to cut the tax,” the letter said.

He also criticized the proposal IIMA that during the current fee of Rs 1.50 lakh would be borne by students in the new session, RS 1.20 lakh aside at a level of trust that are returned, for students, for cases where the Tribunal has ordered an additional finally withdrew.

Such a trust can not, in the memorandum, associations, that the Constitution introduces the IIMS, writing said.

“He has a strong precedent for the issue of unilateral MHRD orders against the autonomy IIMS,” said the letter.

Bhattacharyya felt the best way forward was to maintain the status quo on cutting costs and reconciliation.

“The SC not to stay the implementation fees of about cutting the scene. On the other side not to consult IIMA IIMB and not a tax increase set as MHRD RS 30000. IIMS It can then decide fees for the academic year, “he said.

Januar 17 - Kolkata, Indian - International Accreditation zu sein scheint das Stichwort zwischen mehreren Top-B-indischen Schulen. IIM (Ahmedabad), XLRI, Jamshedpur, SP Jain Institute of Management and Research in Mumbai sind und wie die Getriebe bis zum Benchmark sich gegen die Besten der Welt.

Schritt Dieser wird nicht nur weitere Institute der “globalen Ambitionen ausländische und Studenten, sondern wird auch dazu beitragen, binden besser sie mit ihren bekannten internationalen Partnern für das von Anbieten gemeinsamen Programmen von und die Durchführung Studentenaustausch.

In jüngster Zeit IIM-A Bekanntgabe ihrer Entscheidung beantragen die begehrten EQUIS (European Quality Improvement System) Akkreditierung

GThe students prefer to study the Indian Institute of Management, Bangalore (IIM-B), a ranking of the list of Business Schools in India, outdoing IIM, Ahmedabad (IIM-A).

This is because IIM-B-initiatives to improve the quality of education, according to a survey of the Economic Times

November 1 (PTI Economic Service): NIIT, the name is synonymous with information technology services and solutions providers so far, has recently diversified in the training of managers and professionals Banking. To that end, the company has three new schools - - NIIT Imperia for the training of management personnel; NIIT Litmus qualified personnel for human resources companies and hunger IFBI ITES (Institute of Finance, banks and insurance), to meet the exponential growth of financial services sector in India and overseas markets. NIIT has already announced an investment of about Rs 27 crore in the next three years for all new businesses. Under the IFBI and Imperia, it is first six centres, which would be increased from 15 at the end of next year and 75 in 2009.

In the first phase of strengthening Litmus, NIIT, four specialised centres in Delhi, Mumbai, Chennai and Bangalore. In the next three years, Litmus centres in about 150 cities. With NIIT Imperia, a person does not need a break from the bid management graduate of the Indian Institute of Management (IIMS). Three IIMS - Ahmedabad, Calcutta, Indore and the executive are now its development programmes at the disposal of six distance-learning Center in the country on the technology available to NIIT. NIIT has recently announced a public-private partnership with three IIMS to start Imperia, the management of labour market training frameworks for synchronous learning with technology. The content, teaching and certification and knowledge of the area is one of IIMS, while technology, synchronization classrooms across the country and managing the education system are distributed by NIIT. “Currently we have six advanced learning centers in six cities (the four metros and Bangalore and Hyderabad) for an investment of 5 crore business in the next three to five years, we hope to reach 75 cities of RS 20 crore investment, ”NIIT Chairman Rajendra S Pawar said.

First, two programs each participant IIMS would be proposed. It includes three general management programmes for professionals with a minimum of three years experience, six or 10 years, Indore IIM, Ahmedabad and Calcutta, respectively. A strategic programme of Business Communication of IIM Ahmedabad, a course on finance Applied IIM Calcutta and a programme of sales and marketing management of IIM Indore are available. The programs are pricing in the field of R-54000-R 2.00000. The content, teaching and certification programs under the Imperia is one of IIMS and technology synchronous classrooms across the country and management of education system would be distributed by NIIT, he added . — Learning synchronous technology allows remote access to classrooms to live with the Faculty teaching establishments. The classes will be run after working hours and weekends, allowing students to continue their work and education simultaneously. Under the system of the Faculty, an internal studio is located inside the campus of the IIMS and students, through meetings, interactive two-way video and audio and other software to replicate face-to - face teaching. The diversification of hunting activities in the head of the company, NIIT has also recently a new institute, NIIT The court, which would have qualified personnel human resources ITES hunger.

India had 840 Business Schools (B schools) from March 2002, which have 65,000 Masters in Business Administration (MBA). A survey by Cosmode and the World Series Indian Institute of Management (IIM) Ahmedabad in the first top-10 B-schools in 2003.

– IIM Bangalore, Calcutta, IIM, IIM Lucknow, National Institute of Industrial Engineering, Mumbai, Management Development Institute, Gurgaon, Xavier Labour Relations Institute, Jamshedpur, SP Jain Institute of Management and Research, Mumbai, Faculty of Management Studies, University of New Delhi, Delhi, J and Shailesh Mehta School of Management, Indian Institute of Technology, Bombay, follow Indian Institute of Management, Ahmedabad. According to the survey, the main factor that separates a top school is the rest of the Faculty and teaching, the others are research, publication and consultancy. On an average edge of the addresses of schools B-50 full-time professors, 73 percent with a promotion. The second phase of the school has 24 full-time professors, 47 percent with a promotion, while the third stage, 17 full-time teachers, of whom 35% have a doctorate.

The number of books published by the school average of 11.53 with the top-15, against 3.28 for the second phase of 25 schools and 1.08 for the remaining 60

On average, Management Development Programme Guidance and revenue amounting to Rs312.84 lakh for the Top 15, Rs42.38 lakh for the next 25 and Rs6.49 lakh for 60

Pune: barely a month, Pune had a high level of visitors from Italy: Design guru Leonardo Fioravanti, the man who has designed no less than eight Ferrari cars. The visit was largely unnoticed, but it signals a trend increasingly become a design industry.

Fioravanti was the consolidation of the strategic alliance between his company, Fiorovanti Srl in Italy, with averages Struck Conex Auto Avio Pvt. Ltd, a Pune company is specialized in editing tools and dies for sheetmetal panels and components for the automotive industry.

While plans Fioravanti Indian style cars for car manufacturers in almost one third of costs in Italy, Conex, for its part smart sheetmetal manufacturing prototypes of components and subassemblies.

At one point, Conex, by their alliance with Fioravanti, hopes in developing their capacities in the arena of style and attract business from the inside and outside India, said Avinash Belgamwar manager. And this is only the beginning of history. At least four other companies, for example, design, design and Onio Elephant design, progress in the field of design deaf and dumb, so that a product Pune active Hub talented designers in the country.

What is striking is that many of these companies, led by young graduates at the National Institute of Design (NID), Ahmedabad, and the Industrial Design Center, IIT, Mumbai, identify opportunities for product growth Designer. The history, they are script is not unknown. Global companies have begun to relax and observe, although in a small way now.

In a small apartment, that the functions of an office aundh road NID graduatesturned entrepreneurs Manoj Kothari (Alumnus, IIT, Mumbai) and Prakash Khanzode are occupied with the elaboration of a roof-Top DVD player for cars. Your customers? Based in Hong Kong one of the manufacturers of electronics, for which she had designed an MP3 player, one of the oldest on to the market.

In the past, Onio, led by Khanzode Kothari and gift items and candlestands for the mother of all departments in the business world, the American Wal-Mart, structural and packaging for exports to the flower dries Country Netherlands. They are now working for a German inventor in the world has patented an ergonomic office chair.

Your other project involves a series of perfume bottles, to the exclusion of world exports of the company’s sales Bluom. “All the design work we are doing to foreign customers or to Indian exports oriented company,” said Kothari, while describing the opportunities for global product designers in India.

He believes that it takes at least five years before exploding for the occasion Indian Designer products. Another group of graduates NID, and her husband Satish Falguni Gokhale, head of design, information on transportation, are also actively to foreign customers.

Satish, earlier this month was adjudged “best Indian designer” in a national competition, provided that its design critic of the German company of its Digipass. He gave his fire Digi’s announcement of modular systems a form of inter-changeable parts, not only improved performance, but also bettered the British Standards.

Satish is now available in at least four meetings with potential customers western expressed an interest in the design of arrivals Information on transport. Elephant Design, launched by five, NID fresh graduates in 1989, is one of the more it comes to success stories in the nest. This multidisciplinary approach council opened a branch in London three years ago.

“We have, it is clear that London is the hub of international design, and we wanted to put in place on the base,” said Sudhir Sharma, one of the founding directors. According to Sudhir, a subsidiary of London does not work Only as an office of international marketing for elephants design group, but also allows the company to comply with the recent in the world of industry and product design.

The five, decided to become an entrepreneur and literally started their business from top to bottom, has decided to operate in Pune because it offers not only a strong engineering / manufacturing, but also the near Mumbai. Satish, the meaning of design, believes that the Western world is not yet known, quality designer India, because Indian companies themselves have not exhausted their potential by hand. Accordingly, Indian products have no conception of strong entries.

Ruing the lack of a national association of Indian designers, Satish believes that the time has come for an industry for the marketing skills of Indian designers abroad. According to him, Indian designers are innovative, fast delivery, inexpensive and qualityconscious - qualities that internationally competitive. “We must capitalize on these strengths,” he says.