Team ALCOM Speaks
ALUMSTANCE
As the year draws to a close, the Alumni Committee is pleased to present the December edition of Imprints, to update our alumni with the latest SIMSR news and happenings.
As a part of stronger Alumni engagement, Alumni Committee brings to you AlumStance. Presenting here the stance of our Alum, Mr. Ankur Mehta (batch 2006), AVP, Marsh India, on the Effect of Demonetization: In this edition we have also covered an exclusive Short-term impact: article on Demonetization and an exclusive interview Create a sense of loss of cash, cash scarcity in a mind of spending population. with Mr. Reuben Pandian. Team ALCOM remains Impact certain businesses and consequently will committed to provide ways for our alumni to remain have ripple effect on employment and connected to the college and to one another. downstream supply chain. Life and Retirement products might see a slow-down in sales due to Team ALCOM wishes you a very Merry Christmas!!! lower consumption behaviour. Car and bike should be largely unaffected as it is mandatory to have a Alumni Achievement motor insurance. Mr. Vikram Malhotra, SIMSR Alum of batch 1997- 99 , Founder & Chief Executive Officer at Abundantia Entertainment Pvt Ltd is joining forces with acclaimed director Neeraj Pandey for the production of a movie titled- 'Toilet- Ek Prem Katha' starring Akshay Kumar and Bhumi Pednekar. Taking forward Prime Minister Narendra Modi’s initiative of Swacch Bharat Abhiyaan - the movie is a fun love story inspired by true events with a social message on open defecation in our country. We wish Mr. Malhotra and his team all the best!
Long-term impact: Move the median income up at the bottom of the pyramid. Migrate more transactions from cash to electronic or mobile form. Create more productive money for the economy – either in the bank or higher tax collection. More small businesses would consider buying insurance to cover the risks as the cash transactions become limited. Online and mobile channels will become more effective channels for sale and service due to increased online and mobile adoption. On insurance sector: On a macro-level, the Insurance sector is not immediately impacted by demonetization, as most of the modes of premium payment are by Cheque or Online Payment Methods. A small section of the transactions (below INR 50,000) are still on cash basis. Another aspect is the small Agriculture farmers, who pay most premiums by cash. For these affected sections the Government and the IRDAI has provided extension to make necessary payments for policy holders whose premiums fall due between 8th November and 30th November. Disclaimer : The views expressed here are those of the author’s and do not necessarily represent the views of SIMSR or the Alumni Committee.
Interview With Mr. Reuben Pandian Head -Planning and Merchandising Tata Unistore Limited (SIMSR Alum Batch Of 1993-1995) Q. What was your most memorable moment at SIMSR ? Q. Do you think Tata CliQ’s - phygital marketing be the key A. Its difficult for me to tell one particular memorable moment, differentiator compared to its competitors? but the overall experience of having been in one of the A. If you had asked this question to me 15 years ago, the largest campuses amongst Management institutes in answer would be - Absolutely. Today technology is Bombay itself is memorable. In a couple of weeks, I figured changing rapidly. Anyone who gets the first mover out that what you have in SIMSR is better than anything advantage gains from it. The faster we roll it out and else that you could possibly have in Bombay. execute it correctly, we have an edge for a period of time. Nothing in the phygital space is not replicable. Q. What have been the turning points in your life? Everything is perpetually connected. So technology has to A. Day 1 Campus recruitment was like the beginning of a new move up, you get a first mover advantage then the brand trend in life. I think I was the first to get placed on campus takes over at some point of time. Here, speed will be the back then in 1995. I was recruited by match winner. Wipro, post which it’s been an exciting journey. From Wipro, I moved to Dabur Q. How important role will the where we launched a fresh juice brand. It technology play for creating was an interesting experience because its this 'one-of-its-kind, packaging used to happen in Nepal, our omnichannel' marketplace ? sourcing used to happen from A. The word “Phygital – omni” US - California, Australia and a bit from being used in different India. Reprocessing used to happen in contexts is nothing but multi the factory, partly in Nepal, partly in channel. To define Omni Sahibabad. After that I moved to Pepsi, channel is basically to get down south in Coimbatore. Beverage anything anytime when you industry is a highly recommended want it. We are connected to industry. It’s extremely hectic. Every m obile ph one d ev ice minute is a training ground. I was in a wherever we go and zone where Pepsi was dominant than whatever we do like Coke in India. The beverage industry – connecting to an exposure helps you absorb and e-commerce site, walking learn ground level business dynamics. into a store, on social To me this was where I learned execution networking platforms – the of Marketing and Sales – distributor mobile is connected to you. market, the whole sellers, logistics and Digital is an evolving space. more. The passion for the brand in this This power creates industry is extremely high. requirements. Consumers
are now looking for lifetime
Q. How was your experience in Reliance Retail while stepping value in the products that they desire. into multifunctional roles (Strategy Head, Business Planning, Business process IT integration) ? Q. What is your advice to SIMSR students? A. The good part about Reliance is the scale at which they work A. I can give perspectives not advise. There is no right or provides you an exposure to different developments. That is wrong but perspectives. “Life is now Live the moment how I managed to upscale from one assignment to another. right now”. I would suggest to keep your integrity – be Across retail, I think I touched upon all aspects of s o m e o n e w ho i s w h o l e a n d c om p l e te. retail – front end, back end, technology, interfaces, For instance, a cycle does not stop if one out of its fifty product – manufacturing and sourcing, software integration. spokes breaks. It will continue to function but with lesser Reliance is one of the best in terms of execution. efficiency. So just holding on will not help, you have to In Reliance, there is freedom to do things the way you want. take a step back and correct it to get going. Business process IT integration is close to my heart. It is the fundamental and future for anything scalable, controllable, monitor-able.
Consultancy Week
SIMSR @ FICCI Higher Education
SIMSR organized the Consultancy Week SIMSR was represented by Dr. Monica Khanna , Prof. Sunil from 19th to 21st October 2016. Parmar and Mr. Satyendra Upadhyay, International The three-day event had interactive Relations, at the 12th FICCI Higher Education sessions with industry experts on topics Summit 2016. such as Financial Securitization and It is a higher education global conference focussing on new Analytics in HR along with an education policy and developing strategies to promote India as a interesting Case Study competition. Global Education Hub. It was held at Vigyan Bhavan, New Consultancy Conclave was organized Delhi from 10th-12th November, 2016. Read More with industry stalwarts, namely Mr. Anuj Bhargava (SIMSR Alumni of Batch 1985), Banking Consultant, International Finance Cooperation, World Bank, CEO, A.B Associates), Mr. Bireshwar Chaterjee (Assistant V.P, NSE) and Mr. Sunill Kumar (Risk Management Practice, TCS).
CII-Yi & SIMSR signs MoU SIMSR and Confederation of Indian Industry- Young Indians Mumbai (CII-Yi) have strengthened its bond by signing a Memorandum of Understanding in the presence of Mr. Amol Mirchandani : Yuva Chair, Mumbai Mr. Sachin Saxena : Executive member - CII, Mumbai Dr. Monica Bhatia Khanna : Acting Director, SIMSR Dr. Shaila Srivastava : Faculty in charge - CII-Yi at SIMSR thereby forming a Yuva Chaupal at SIMSR. SIMSR and CII-Yi have strengthened its bond by supporting relevant activities hosted by both parties and we are glad to have this association with YI chapter since 2008. We are looking forward to maintain this association with YI chapter since 2008. Read More
Surprise Visit by Alumni Alumni from batch of 2001-2003 paid a surprise visit to SIMSR, along with their families. They met our Acting Director, Dr. Monica Bhatia Khanna and other faculty members. They eagerly went through the SIMSR tour to see all the latest developments in the campus and relived the glorious moments of their college days. We look forward to this continued association and bonding with all our Alumni. Read More
OUTREACH
GUEST Lecture on M&A
Alumni Committee students conducted few Outreach activities with the following Alumni in the month of November 2016. Alumnus
Batch
Designation
Organization
Mr. Narahar Deshpande
1985-87
Corporate Trainer
Freelancer
Mr. Pramod Goel
1994-96
Founder
Goel & Sons
Mr. Nihar Negandhi
2003-05
Category Insights Manager Chocolates
Mondelez International
Mr. Dhanraj Bhagat, Partner at Grant Thornton came for a guest lecture on Mergers & Acquisition on 25th November 2016. He has over 25 years of an experience in corporate finance. Prior to joining GT he was with a Big 4 Accounting Firm. The session began with Mr. Bhagat explaining the basics and importance of Corporate Restructuring and further went on to explain the basics of M&A and difference between the two. He explained the crucial reasons why companies go for M&A followed by the M&A process. His insights about Corporate Restructuring were the valuable takeaways for the students
Job Opportunities Top Recruiting Companies (in November)
Total No of recruiting companies
Total No of vacancies
CEAT, LifCare, PharmEasy
4
14
The Alumni Committee has created a SIMSR Jobs Google Group which serves as a platform for Alumni to share lateral job opportunities with each other directly. To share a job opportunity at your organisation write to us at simsrjobs@googlegroups.com
Team Imprints
Priyanka Mirajkar and Parul Pathak
Alumni Relations
Vidhya Sharma (Head - Alumni Relations, SVV)
Dr. Bharati VW (Chairperson, Alumni Relations, SIMSR)
Arvind Pandi Dorai (Manager, Alumni Relations, SIMSR)
Shriya Pawar (Officer, Alumni Relations, SIMSR)
(Chief Editors )
Suryani Sinha Ray, Vatsala Rajvanshi, Kushal Thakkar, Tulika Singh, Binaisha D’souza, Aditya Sankhe, Sreya Mukherjee, Tanvi Vassa (Contributors)
Vikram Gupte (Convener, Alumni Committee) Connect with us
Write to us / Contact us
alcom.simsr@somaiya.edu 022-6728 3120/3185