Day: September 21, 2012

“Jaipuria enables industry oriented business management education”

Post author By admin
Post date September 21, 2012

Sagar Agarwal belongs to the city of Bikaner, from where he also did his BBA. He appeared for the MAT and CAT exams. In his CAT exams, he scored a percentage of 94. 57% (scored good percentiles in both), which opened up opportunities for him after graduation. He applied for MBA admission to Jaipuria Institute of Management for clear reasons like its brand name, faculty, infrastructure, MBA course fees, and placements. He was also looking for value for his investment. His initial queries and research into top MBA colleges in India brought him to Jaipuria Jaipur and he considers himself fortunate for getting selected.

Sagar is a fun-loving guy who likes interacting with people. He is glad about the extra-curricular opportunities Jaipuria provides. He is happiest being a part of skits during college events, anchoring shows, and coordinating activities like the college annual sports meet. He also represented the college in ‘Chanakya’, an event organized by AIMA. His favorite, however, remains anchoring and he is looking forward to more events. “I have enjoyed academics and co-curricular activities equally, but anchoring was the most enjoyable experience for me so far”, said a well-satisfied Sagar. He thinks the sports meet and national workshop were the most memorable events of his academic life in Jaipuria owing to the learning and rapport building they facilitated. Academics mean a lot more than a degree and classroom learning for Sagar. He is working on his personality at this point of time and says, “My expectation is more for grooming and of course, learning the basic concepts of Management. I want to learn about industry expectations from a PGDM course.” A very optimistic Sagar is convinced that the institute’s brand will help him create a place for himself and give him an edge over others. In the few months that he has spent at Jaipuria, Sagar claims he has evolved as a person and a professional. He doesn’t hesitate anymore in taking his place in front of an audience and is holding his own. “I feel grateful to the people who advised me to join the best management institute”, says Sagar.

Sagar shares his wonderful experience with his seniors, saying, “I have found a new respect for the seniors I have met here. Not only have they guided us from day one but have also involved us and encouraged us to be a part of all college activities!” He thinks this cooperation and motivation are very helpful in getting a fresh student to settle down and find his way around.

The faculty support has also impressed him and he is all praise for the innovative teaching methods being leveraged by them to help clarify concepts. His basic satisfaction comes from the fact the faculty enables a clear understanding of industry concepts and their implementation by bringing industry interaction into the classroom.

For love of numbers – Finance Seminar at Jaipuria Noida.

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Post date September 21, 2012
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Jaipuria Institute of Management, Noida recently hosted a lecture on International Finance Reporting Standards (IFRS) by Gulshan Kalra, an established Chartered Accountant. The lecture was targeted at all finance students of the institute and consisted of a sharing of learning as well as a question-answer session pertaining to IFRS.
IFRS are a set of accounting standards developed by the International Accounting Standards Boards (IASB) that is becoming the global standard for the preparation of public company financial statements. In other words, if one wants to compare two countries, then you have to bring both the countries onto a certain standard, and that standard is IFRS.
IASB had 15 members, but the count has increased to 16 in 2012. The members are from diverse countries, including the UK. The information shared by Kalra was invaluable for the students. He helped the students understand that finance is about the representation of facts. Even companies that earn the same amount of profit show their balance sheets in different ways through LIFO (Last In First out) or FIFO (First In First Out), and that representation of facts can be learnt through experience; it is never taught using any book of accounting!
Several terms that were unknown to the students came up during discussions, such as Hyper Inflation, LIBOR & MIBOR, Finance Lease and Operating Lease. “Gulshan Sir helped us understand these terms but a major source of excitement was the fact that we knew about some important concepts and terms like NSE and BSE and could talk to him about them in detail,” shared Geetika Goyal, the campus journalist.
She also listed the key learning from the lecture:
Even though USA is a developed nation, it is not registered under IFRS. It plans to change its standards by 2014. The US is still using the US gap.
There are three phases of IFRS. India is in its 1st phase of using IFRS. The second phase will start from April 1, 2013 and the 3rd phase will start a year later.
IFRS includes Existing International Accounting Standards (IAS) + IFRS
Kalra later touched upon the softer aspects of finance saying, “There is tremendous growth in the sector that will only increase with the development of the economy. What a student really needs to excel in this field is a love for numbers!” He advised the students to try and experience real-life scenarios to understand finance. The concepts, he said, can only be understood with case studies and by visiting organisations to see how they resolve the issues around finance.

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Jaipuria Jaipur hosts First National Inter-College Sports Meet

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Post date September 21, 2012
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Jaipuria Institute of Management, Jaipur focuses on the holistic development of an individual instead of providing academic input alone. Sports are a large part of this effort, which were once again brought to the fore by way of a two-day Inter-college National Sports meet, organised on the 25th and 26th of August, 2012.

The days were chosen to coincide with and to commemorate the birth anniversary of Major Dhyanchand – the greatest hockey player India has ever seen. August 29th is celebrated as Sports Day in India in remembrance of the dedicated and talented player.

550 students from 26 different institutes across the country participated in the meet from places as far afield as Bikaner, Noida and Lucknow, along with institutes from Jaipur. These included Parishkar College, IIIM, Amity University ICG, IRM, R A Poddar College, Canodia and Commerce College.

Jaipuria Jaipur spared no effort to prepare for this event. The organising committee was on its toes, especially in the last 15 days leading up to the event. The sports meet was inaugurated with the lighting of the ceremonial lamp by the Director, Dr. Rajiv R. Thakur. This was followed by a March Past by all the teams. After the national anthem, the games were declared open.

In his address, Dr. Thakur said, “We affirm our faith in learning through this sports meet. Organising various events helps us in our resolve to provide an experiential learning platform to our students”. He also thanked all the teams for participating and making the event a success. The coordinator of the sports meet, Prof. Lokesh Vijayvargy, also spoke to the sportspersons and encouraged all teams to keep their spirits high and enjoy the two-day event with true sportsman spirit.

A significant fact about the meet was the huge number of conventional events like Volley Ball, Chess, Carrom, Table-Tennis, Badminton, Kho-kho, Shot Put and the Lemon Race, which made this meet stand out from popular sports tournaments involving cricket, football and hockey. The young generation was in for a surprise – “There was an exciting palette of traditional games on the one hand, where college showed its respect for our culture, and on the other hand were “Cyber Games”, keeping the youngsters’ craze in mind!” said Sagar Agarwal, a PGDM student.

The second day of the meet saw the semifinals and finals. The games were extremely competitive and both, the teams and individuals, set high standards and displayed sportsman spirit. The surprise of the event was the way the girls performed! They competed neck-and-neck with boys and even won some games where the crowd expected the boys to win.

Dr. M. S. Chundawat – Director, Department of Physical Education, University of Rajasthan, was the chief guest for the valedictory function that was held on the second day. He appreciated the efforts of Jaipuria Jaipur in providing a platform for the sports talent of the region.

Dr. Thakur handed out the awards to all the winners and reiterated that the meet was the beginning of events and programmes like this one on campus. Co-coordinator of the sports meet, Prof. Lokesh Vijayvargy, brought the meet to a close with the delivery of the vote of thanks.

The winners were:

Game	Boys	Girls
Volley Ball	Parishkar	ICG
Badminton Singles	Manipal College	YIT
Badminton Doubles	YIT	YIT
Table-Tennis	Amity	ICG
Kho-Kho	R A Poddar	R A Poddar
Chess	Amity	Maharani College
Discus Throw	R A Poddar	ICG
Cyber Game	IIMET
Carrom	Amity	FMS-IRM
Lemon Race	Jaipuria Institute of Management, Lucknow	R A Poddar
Shot Put	YIT	Banasthali Vidyapeeth

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‘Woman power in entrepreneurship’ on display at Jaipuria Noida

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Post date September 21, 2012
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It is often said that behind every successful man is a woman. Jaipuria Institute of Management, Noida invited three women entrepreneurs as speakers, to figure out who it is that stands behind successful women. The three ladies – renowned Art Promoter and Founder of Ati Art Gallery, Ms. Poonam Sarin; Ms. Anu Lall, Founder and Director of Snartak IT Solutions; and Ms. Runjhun Gupta, the young Founder of ‘Dance Addiction’ and ‘Zipout’ – recited their inspiring stories to the management students of Jaipuria Noida, driving home the message that there are no obstacles to a willing mind.

One common factor that linked the three amazing women was the fact that they turned their passion into their business. Ms. Poonam Sarin spoke about the story of her life and how she cultivated her interest in painting after getting married to a commercial pilot at the young age of 19.

“The advantage, of course, was that I got to see and appreciate various art and cultural centres of the world, including the Louvre at Paris,” recollected Ms. Sarin for the benefit of her audience at Jaipuria Noida. “I started out as a consultant with an art agency in Delhi about 18 years back, before starting out on my own.”

Ms. Runjhun Gupta, just 28 years of age, with an Executive MBA in Finance from IIM Kolkata, has always been a passionate dancer. Today, her firm links up with numerous corporate houses for centrally organised dance classes.

“Having been a part of the corporate world for more than 5 years, I understood that dancing could be a fantastic stress-buster for all kinds of professionals as it had been for me,” recalled Runjhun Gupta in front of the youngsters of Jaipuria Noida. “It was with this conviction that in 2009 I decided to start ‘Dance Addiction’ and ‘Zipout’ a little later.”

The lectures were followed by an intense Q-&A session, where the bulk of the questions came from the women student managers of Jaipuria Noida. Here are some excerpts:

Kirti (PGDM – Marketing) – What were the difficulties that you faced during your career and how did you tackle them?

Ms. Anu Lall – On the business front, the biggest challenge in India is delayed payments on account of procedural delays, documentation, etc. This is a way of business in India and significantly raises transaction costs; and one never accounts for it. Also, Banks reject home loans and credit cards seeing the ‘self employed’ tag. On the social front, it is a lot about tackling perceptions. Even prospective boyfriends/ husbands think you would be headstrong and aggressive, even before you’ve met them, just because you are running a company.

Eshita (PGDM – SM) – How do you feel at this stage of your life, being a successful entrepreneur?

Ms. Poonam Sarin – Frankly speaking, I never planned on having my own art gallery. The options opened up as I went along. I realised that young artists are simple, trustworthy and sensitive people, and providing them with the space and opportunity to express themselves gave me immense satisfaction. Making money was by chance; my objective was to promote these immensely talented artists and get them the respect due to their art.

Dhananjay (PGDM – General) – How can people with financial difficulties become entrepreneurs?

Ms. Runjhun Gupta – It is not money that makes great businesses… it is the idea. I loved dancing; I simply created a business model that hardly needed any investment. I tapped my corporate contacts and they knew that Salsa classes with me would be a great stress-buster for their employees, leading to performance enhancement and happier lives.

Aashi Gupta (PGDM – General) – Since a lot of families in India still do not allow their women to go out of home and work, what is the approach that you recommend for them if they want to become entrepreneurs?

Ms. Poonam Sarin – Initially, my husband was not very comfortable with me working. It took me some time to convince him; it was a matter of personal fulfillment… carrying forward the passion of making people understand and see the beauty in art. Time and age matures the family as well as the husband. I started working from my house selling paintings for Rs. 500 . Today I sell paintings worth Rs. 5 Lakh.

The guest lecturers were followed by a poster-making competition on the theme of ‘Creative Business Ideas’, organised by the E-Cell of Jaipuria Noida. It was the ideal conclusion to a day dedicated to entrepreneurship at Jaipuria Institute of Management, Noida.

Alumni Speak Jaipuria Noida

Divyam Johri, Alumnus Jaipuria Noida – “The foreign language module in german, which i subscribed to at Jaipuria Noida, has been very helpful in my customer interactions.”

Post author By admin
Post date September 21, 2012

Divyam Johri was placed with the Oberoi Group of Hotels and Resorts as a Sales Executive, on-campus at Jaipuria Institute of Management, Noida, just over 4 years ago. Neither his faculty nor colleagues at Jaipuria Noida are surprised by the fact that he has already made it to the mid-management level. Now an Assistant Sales Manager in the International Travel Trade section of the Sales Department, Divyam is a natural when it comes to people skills.

“Travel Trade is the collective term for tour operators, wholesalers and travel agents. My job is to manage key accounts for The Oberoi Group of Hotels & Resorts along with the Trident Hotel. I deal with International Travel Trade – right across the globe – to ensure the bottom-line of better occupancy. Oberoi is a great brand, and has provided me a learning platform for Global Interactions along with representations at trade marts.”

Divyam is currently involved with customer engagement projects across the Far Eastern countries for various Destination Management Consultants. He feels that the Oberoi Group of Hotels & Resorts is an organisation that has raised on people-skills, and that’s what makes his job so fulfilling.

“I owe a lot to the knowledge sessions with the faculty and interactions with industry mentors at Jaipuria Noida. Jaipuria Noida beautifully balances classroom and real corporate learning. The foreign language module in German, which I subscribed to at Jaipuria Noida, has been very helpful in my customer interactions and engagements over the last 5 years. Jaipuria Noida also paired international learning with a strategic tie-up for a student exchange programme with University of Applied Sciences, Finland. This gave me opportunities for cross-cultural training and insights into International Business Management.”

He believes that Jaipuria Noida taught him a very valuable lesson, which has held him in very good stead in the corporate world, as well as life – ‘You Get What You Give’.

“My batch-mates and I came from varied learning backgrounds and disciplines. It led to a near perfect amalgamation of competencies and team work. My career so far has been a wonderful journey, which began at Jaipuria Institute of Management, Noida. Mark my words, very soon you will find alumni of Jaipuria Institute of Management walking the path of global success.”

Divyam is a die-hard Jaipuria alumnus who never passes up an opportunity tosocialise with his batch-mates. If they are not meeting up in person, he always makes it a point to keep in touch on Facebook.

Jaipuria Internship

“My managers would depend completely on me in matters of technology,” says Raju Kumar Sharma, PGDM-Finance at Jaipuria Lucknow, about his internship at Canara Bank.

Raju Kumar Sharma, who a second-year PGDM student specialising in Finance at Jaipuria Institute of Management, Lucknow, has recently, completed his 45-day internship with Canara Bank, Mahanagar Branch, Lucknow.

Raju was interviewed by Gunja Madhyan, a first year student at Jaipuria Lucknow and a member of the Media and Communications Club, for the benefit of other first year students as well as aspirants to Jaipuria Institute of Management, Lucknow.

Gunja – To start off, how would you rate your Summer Internship Programme with Canara Bank?

Raju – Nothing short of fantastic! What made it even better was that I was given a stipend of Rs. 7000 per month. This not only covered my costs but also enabled me to save some money, as the internship was in Lucknow itself. I also got a first-hand feel of how a bank works, especially the core functioning of the bank.

Gunja – How did you get chosen for the Internship? Was it through your network outside Jaipuria Lucknow?

Raju – Not at all. It was an on-campus placement at Jaipuria Lucknow. Once I cleared the selection process, Canara Bank HQ in Bangalore approved the SIP.

Gunja – Wow! That’s quite encouraging for us first year students at Jaipuria Lucknow. What was the profile of the internship? What was your project about?

Raju – The project involved risk management, study of loan documents, data tabulation and analysis. Since loan papers are very confidential documents, my project required a high level of trust and security. I had access to more than 120 sets of loan documents of the branch. In my first week of internship, I assisted the Branch Manager in compiling the TDS for the last 3 years. Interestingly, they depended a lot on me when it came to the use of technology, even for something as simple as signature scanning and linking those signatures to the servers. It only required me to study new software that was introduced during my internship. In fact, I fed in the locker details into the software. Surprisingly, the Probationary Officer of the branch assisted me in this work, and not the other way round.

Gunja – I too feel that at Jaipuria we get used to technology in a big way. That’s why you must’ve found that part easy. What opinion did you frame of the way banks in India work?

Raju – It was quite an exposure to the drawbacks, as well as the powers, of the nationalised banks. One of the issues that is yet to be tackled is that employees work on their own terms and conditions. Also, there are various problems in the actual working environment. There are a large number of willful defaulters of loans and the recovery system is not appropriate. But there is a major advantage with the nationalised banks – there is no individual decision-making power and approval of every concerned account or loan is necessary. Apart from checks and balances, this encourages teamwork, which was evident in the Mahanagar Branch. The co-ordination among employees is remarkable. As a result, the staff are very friendly and co operative.

Gunja – Hopefully, we too will get an opportunity to work in such a friendly environment during our SIP. Thank you for the interaction; I’m sure my colleagues from the first year at Jaipuria Lucknow will benefit from it.

Alumni Speak Jaipuria Lucknow

“The practical approach to management learnt at Jaipuria Lucknow is something one always remembers and uses in professional life”.

Post author By admin
Post date September 21, 2012

Vishal Mittal had just passed out of Jaipuria Institute of Management, Lucknow with a specialisation in HR. With a placement with SBI Life Insurance as Assistant Manager-Talent Acquisition, life looked pretty much on track for him. It was not long before he moved into a much larger role in the Banking sector, as the Regional Resource Manager with Centurion Bank. Vishal looked well set for steady growth… till destiny took over.

Barely three years into his career, an opportunity for Vishal popped up in the entertainment industry. The year was 2008, and 98.3 FM Radio Mirchi, was in growth mode. They were on the lookout for a dynamic Group Manager – HR, to pool in the right kind of creative and administrative talent that could take them to the next level. It was a big switch and a big decision. Vishal Mittal dug deep into his experiences and learning from Jaipuria Lucknow.

“There are five extremely important skills that Jaipuria Lucknow taught me – Analytical Skills, Decision-making Skills (after evaluating all the pros and cons), Presentation Skills, Team Skills, and having a Leadership Quotient. Without these skills, it would’ve been impossible to take that major decision in my life.”

Vishal Mittal made the big switch into the Entertainment Industry, and has not looked back since.

Today, four years from that fateful day, Vishal Mittal is as high on the corporate ladder as it gets. His visiting card simply reads ‘National Head – Human Resources, 94.3 MyFM’. In 2010, He moved from ‘Radio Mirchi’ to ‘MyFM’ as the Head of Talent Acquisition, and very soon got the top job at 94.3 ‘MyFM’.

“Learning is a constant, on–the-job process. I have learnt various facets of HR in my career of 7 years through practical application of the theory, group projects and case studies that we learnt at Jaipuria Lucknow. To an extent, my success is attributable to my days at Jaipuria Lucknow. The practical approach to management learnt at Jaipuria Lucknow is something one always remembers and uses in professional life.”

Outside his job, Vishal has two main hobbies – long drives and sharing knowledge with management students of a few B-Schools. Since he is based out of Noida, these select B-schools – where he mentors students and presents guest lectures – are in the NCR.

“I mainly focus on innovation and value creation. I speak to the future managers about doing new things, executing new ideas, re-engineering the way we do current things. I often refer to examples from innovation-centric organisations like P&G and Apple, and how their leaders built these fantastic organisations completely around innovations. My methods could be as simple as re-molding and presenting a ‘10 Step Guide to Innovation’ as was followed by Apple, or referring to the Clay Street Project by P&G. The Clay Street Project takes a set of people out of their day-to-day operations at P&G for a session of 3 months, to help a particular department solve their most difficult business problems, often after other attempts have failed.”

Vishal strongly believes that value creation is something that comes automatically when we are constantly improving on the way we do things. He never fails to stress on the importance of ‘presentation skills’ and ‘openness to learning’ while addressing management students. These connections with B-schools keep alive his memory of his own days at Jaipuria Lucknow.

“I used to stay at Jaipuria Institute of Management, Lucknow’s boys’ hostel. The endless gossip sessions in between breaks from study are something I remember and miss the most.”

Vishal feels that the regional chapter meets organised by the Alumni Committee are a fantastic initiative of Jaipuria Lucknow to bring them all together. He also enjoys keeping in touch with fellow alumni of Jaipuria Lucknow through social networks.

Jaipuria Noida STUDENT Speaks

Student credits Jaipuria Institute of Management, Noida and internship for getting her on right career path

Post author By admin
Post date September 21, 2012

Harshita Shukla, a student of Jaipuria Institute of Management, Noida credits her institute for the “go-getter” attitude she has acquired. As for deciding her career path, she has her internship to thank for that.

A native of Lucknow, Harshita received her Bachelor of Business Administration from National PG College in the same city, before choosing Jaipuria Noida for her post-graduate work. “I chose Jaipuria Institute of Management because the exposure that we get here is incredible,” said Shukla. She also said that the institute came highly recommended by her mentor “for the exceptional faculty that we have here and the experiential environment of education that is provided.”

It proved to be the right choice for her.

“My first year was full of learning and fun,” she said, pointing out that she secured the first rank in all three semesters “with the help of my faculty members and peers” and also won various debating competitions. “Jaipuria Institute of Management, Noida provided me with the opportunity to carry on my passion for writing and I became student editor of Verbajim, our college magazine.”

Shukla has high praise for the Jaipuria Noida faculty, citing in particular Dr. Prabhat Pankaj, who helped her decide on her specialisation – finance. Her thanks also go out to Professor Poonam Sharma. As she puts it, “They guided me in every sphere and helped me make many crucial decisions, like choosing electives, etc.”

But it was her summer internship that narrowed down the field of career choices open to her. “The internship gave me a platform to understand the real corporate world,” she said. “It not only helped me in getting a broader perspective on the corporate world, but helped me to decide the job profile I would love to work in – the area of research.”

“Jaipuria gave me a focus toward my goals and aspirations,” said Shukla.

“There was a hazy picture of what I wanted to achieve in life, but Jaipuria cleared all my doubts and gave me confidence to realise my dreams.”

Jaipuria Lucknow STUDENT Speaks

“Jaipuria Lucknow taught me that the best way to do a job is to understand it, stick to it and put in my best efforts.”

Post author By admin
Post date September 21, 2012

Sajid Mansoor is Assistant Vice President, Liquidity Reporting at HSBC Bank’s Global Finance Centre at Gurgaon, which is a captive unit of HSBC Bank. He’s been with HSBC for just over a year-and-a-half, and yet is widely recognised as a man with remarkable subject knowledge, and with good influence on his peers and subordinates – mainly due to his amicable nature and integrity. Wherever he has worked, Sajid’s ability to take challenges head-on has earned him great respect. Sajid believes that it was Jaipuria Institute of Management, Lucknow that honed the positive side of his personality into winning assets.
“I passed out of Jaipuria Lucknow way back in 1997, as a part of its first batch. Ever since, I’ve had a few opportunities to go back to the sprawling, well-equipped college that it is now; but in our days we did not have dedicated premises. What we did have, though, were dedicated teachers like Professor Musanna. Jaipuria Institute of Management, Lucknow worked extra hard in ensuring that not only did we receive quality education, but we were also taught how to prepare ourselves for the challenges in life on the professional front. Jaipuria Lucknow went out of its way to bring us the best visiting faculty and arrange fantastic industrial visits, providing us practical insight into the corporate world.”
After completing his BSc (Honours) from the Aligarh Muslim University in 1995, Sajid decided to go for his MBA straightaway. Jaipuria Lucknow was just starting out that year. It was a big risk for him but, according to him, it paid off big time! Today, Sajid feels privileged to be a part of the Jaipuria Institute of Management family, though he does regret the fact that he has not been able to do much for his alma mater.
“If I am given an opportunity to be of service to Jaipuria Institute of Management, I would love it. It is because of Jaipuria Lucknow that I’ve had the pleasure of being a part of the most respected corporate houses in the Finance and IT sectors such as National Housing Bank (Delhi), Oracle Financial Services (Bangalore) and now HSBC Group (Gurgaon). My career has turned me into a globe-trotter; I have visited countries like Malaysia, Jordan, Egypt, UAE, UK, etc.”
In fact, even in his current profile, Sajid Mansoor heads the Liquidity Risk System Implementation in the North American Region (USA and Canada) for HSBC Bank.
“Jaipuria Lucknow taught me that the best way to do a job is to understand it, stick to it and put in my best efforts. Frequently hopping jobs would’ve made this difficult. That’s why I’ve served for long periods with my previous organisations – more than 8 years with National Housing Bank and about four-and-a-half years with Oracle.”
Sajid is in constant touch with his batch-mates from Jaipuria Lucknow, mostly through phone calls or professional networking sites. He has attended a couple of Alumni meets in Delhi and Noida and never misses an opportunity to meet up with his closest batch-mates and members of the faculty from Jaipuria Lucknow. He also makes it a point to visit the Jaipuria Institute of Management campus, to meet the faculty, whenever he is in Lucknow.

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A chat with Mr. Lokesh Arora, Founder Director, Knowlvers Consulting Pvt. Ltd.

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Post date September 21, 2012
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As a part of its intensive Industry Interface, Jaipuria Institute of Management, Noida invited Mr. Lokesh Arora, Founder Director of Knowlvers Consulting Private Limited to speak to students. He was specifically invited by Jaipuria Noida with the aim of sensitising its student managers to present-day challenges faced by start-up companies. Prior to his own venture, Mr. Lokesh Arora had acquired immense work experience with global corporate giants like Accenture and Genpact LLC.

After his lecture, Campus Journalist, Geetika Goyal (First Year PGDM), found the opportunity to speak to Mr. Lokesh Arora on entrepreneurial opportunities in the world of research and statistics.

Geetika – Thank you, Sir, for the extremely personal lecture. We now know the individual thought-process and efforts needed to give shape to a start-up. Can you share with us how the opportunity of starting up on your own came your way?

Mr. Arora – The idea really evolved over my days with Accenture as well as Genpact. While working with these corporate houses, I realised that there was a dearth of analytics-based Consulting & Coaching companies. It was with this perspective that Knowlvers Consulting was raised in March 2012, with the vision of providing honest, holistic and sustainable solutions. We are a bunch of people who have deep analytics expertise, breadth of geographical reach and are passionate about taking on immense challenges that matter to our clients. We work with our clients as we do with our colleagues – to get to the real issues and reach optimal solutions.

Geetika – How do you think a management student should prepare himself for a career in the field of analytics and research? What could be the opportunities for students from Jaipuria Noida with your company, for instance?

Mr. Arora – First of all, this field is for those who love numbers or, at the very least, are not scared of number-crunching exercises and mathematics. The importance of statistics, data analysis and interpretation is absolutely critical to industry. A common dilemma among most students from the statistics background is that they have learnt the concepts but have received little or no exposure to the application part. Knowlvers Consulting can certainly provide students from Jaipuria Noida a head-start, in the form of projects and internships. We work in a space which is completely dependent on its employees’ knowledge and their understanding of concepts. The advantage of their business model is that it is ‘Industry Agnostic’; this means that the concepts and analytics are not industry-biased, and what has been applied in one industry can be applied to another industry.

Geetika – Can you explain how analytics is Industry Agnostic?

Mr. Arora – For instance, in the Credit Card business, CIBIL is the bureau which keeps the negative score of an individual’s credit card account. If a person takes a credit card from any bank and defaults by not paying the bill of the credit card, his account will reflect a negative or a low score in the CIBIL bureau. If the same person applies for a credit card through another bank thereafter, his score is checked. Had the score been positive and high, he/she would’ve been issued a credit card, but in this case the application for the credit card is bound to be rejected. The concept of analytics and research will remain similar across industries. There are numerous tools pertaining to Fraud Analytics, Kurtosis and Segmentation in work area.

Geetika – Thank you, Sir. I think after your lecture, most of us at Jaipuria Noida have realised that if you are passionate enough, even a technical subject like statistics and research holds potential entrepreneurial opportunities.

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