mjPost, December 2014

OCTOBER-DECEMBER 2014 | VOLUME VI | ISSUE IV

From the MD

D

ear junctionites,

By the time you read this, winter will well be on its way out and we will have embraced spring.

Also, Mr Arun Jaitley will be feverishly preparing to present a crucial Budget on February 28. It will be the first full-fledged budget for the new government as the economy is still taking baby steps towards recovery. The government will also be under tremendous pressure to now prove that it is indeed pro-growth, pro-investment and protransparency.

Talking of which brings me to the topic of e-auctions, which have been mjunction’s area of core competency ever since inception, and which ensures a fair and transparent bidding process. The government’s Department of Telecommunications has awarded a three-year contract to mjunction for e-auction of telecom bands. mjunction was chosen through an open tendering process, and was the only company which cleared the technical round and qualified for the financial bids.

I believe it is a responsibility with national significance and I am happy that the competencies we have built over the last decade have been recognised by the government. I also cannot say enough about the advantages of a transparent process while appointing a service provider in all government projects. In this context, the government’s decision to move an Ordinance to amend the MMDR Act is something I endorse

wholeheartedly. The Ordinance proposes to bring in e-auction as the sole mechanism for allocation of all mining leases.

Both these put together augurs well for mjunction. I am hopeful that a transparent tendering process along with e-auctions will mean good times ahead for us.

Our book is another thing I want to talk to you about. “Intrapreneurs@mjunction” saw the light of day in Kolkata, very aptly, as this was the city from where mjunction embarked on its eventful journey more than a decade ago.

It encapsulates this journey and the essence of mjunction’s growth trajectory.

For me, at a very personal level, “Intrapreneurs @mjunction” is a labour of love and a matter of pride. It has been a privilege to have been associated with mjunction from day one as I believe it marked a watershed in the e-commerce history of India. It was an innovation from the word go, with two competitors coming together to take advantage of the Internet. Subsequently, mjunction took rapid strides and has a lot of firsts to his credit. The book has captured beautifully how one innovation led to another, all the time with technology at its backbone.

The journey has not always been smooth.

On the contrary, it has been fraught with severe challenges at times, the first of them being the dotcom bust as soon as we were born. We braved it, however, and came out stronger and even more determined to make a success of the little life.

Today we are only about 14 years old and yet we feel we have come a long way. mjunction for me is nothing short of a dream and I believe we have had a dream run this far.

On my behalf I dedicate it to everyone who has ever been a junctionite. At some point when so many milestones were happening, we all felt this is a story which had to be told. Dr Rajeev Kumar, a senior Tata Group corporate communicator, on his part left no stone unturned in capturing the essence of what mjunction stood for and how supply chains were cleaned up through competitive bidding.

What made the formal inauguration really special was the august presence of Dr Amit Mitra, the suave and erudite finance, IT and Industry minister of West Bengal. Despite his busy schedule and the Global Bengal Business Summit which he was spearheading coming up in a day or two, he agreed to formally launch the book. He said he was there to “celebrate” entrepreneurship, and coming from him, that was indeed rewarding.

The beginning of 2015 was thus full of excitement for all of us at mjunction. Soon after the launch of the book, The Economic Times, the premier financial daily, carried a feature on the book and CNBC TV18 aired a feature on us on two consecutive January weekends.

This is the last quarter of the financial year and time for us to take stock of our successes, failures, milestones and plans. My next message for you will be in the new year, and I want to end this one on a really positive note. The Charities Aid Foundation, a global non-profit, has said that India tops the charts globally when it comes to the largest number of voluntary givers. And nearly 18.65 crore people in India support non-profits in different ways. We can indeed hold that thought till next time.

Regards,

WHAT’S INSIDE mjunction wins spectrum auction contract Amit Mitra unveils Intrapreneurs @ mjunction CII Big Picture Summit Enterprise Odisha Towards creating a “learning” organisation milestones @ mjunction mj in the news mj ki Adaalat Travelogue: Juley Ladakh Know your junctionite ISO 27001: Migration to 2013 standards mj at procurement leaders’ meet Spot awards and new faces Quiz corner Gallery

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Volume Vi | Issue IV | October-DecEMBER 2014

mjunction wins spectrum auction contract

FROM THE

EDITOR’S DESK

m

Of Witnessing History & Being A Part Of It

junction services limited has been awarded a three-year contract for the e-auction of telecom spectrum in various bands, according to a Department of Telecommunications notification. In fact, mjunction is the only company which cleared the technical round for this auction and qualified for the financial bid opening on November 28.

Our CEO and MD Mr Viresh Oberoi, said, “We are happy that the capabilities that we have built over the past decade of e-auctioning critical resources, has been recognised by the ministry of communications, Government of India, in awarding us this nationally-important responsibility.” mjunction held a joint pre-bid conference along with the Department of Telecommunications in New Delhi in January, which was attended by interested telecom service providers. The last date for submission of applications is February 9, and the e-auction will begin on February 25. valuejunction, a strategic business unit of mjunction, will drive the auction.

Dear junctionites, Steve Jobs once said, “Everyone here has the sense that right now is one of those moments when we are influencing the future.” On January 5, there were over two hundred eyes (of captivated audience) and fifty lenses (of leading national media) that witnessed such a moment.

In 2001, two giants – Tata Steel and SAIL – joined hands to create metaljunction, under the leadership of our CEO and MD Mr Viresh Oberoi. In the words of Dr JJ Irani, former MD of Tata Steel, “We were lucky to find someone who had ‘fire in his belly’. Viresh Oberoi was with Tata Steel at the time, but willing to part ways and ‘start out’ on his own. Luckily, the idea of collaborating with SAIL appealed to everyone at TISCO (as Tata Steel was then known) as they saw the advantages of this partnership and decided to back the idea. Very soon, we were able to convince SAIL and its then Chairman, Arvind Pande.”

mjunction VP speaks at SAIL Vigilance Awareness Week

And the rest, as they say, is history.

Since then, the company, led by its CEO and MD, has gone from strength to strength and is the world’s largest e-marketplace for steel. mjunction has ventured into unchartered domains which encompasses the entire gamut of not only e-commerce, but also end-to-end business process management for the supply chains it serves.

The shutterbugs went crazy when Dr Amit Mitra, Hon Finance Minister of West Bengal, unveiled the “Intrapreneurs@mjunction” with our CEO and MD and the author Dr Rajeev Kumar. There was a moment of silence just before lifting the veil; the audience was waiting with bated breath for the first look of the book that captures the story of the making of an e-commerce giant.

M

r Vinaya Varma, Vice President, mjunction was invited as the guest of honour to deliver the keynote address on “Combating Corruption – Technology as an Enabler”, On October 27, 2014, during the Vigilance Awareness Week 2014 at SAIL ISP. Speaking on the occasion, Mr Varma shared several instances where IT has been used effectively to prevent corruption. In his speech, he highlighted the huge potential that IT has in combating corruption, and mentioned that organizations should actively use IT for automating routine processes and to build transparency around those processes.

Dr Nirmalendu Mohapatra, Executive Director (P&A) ISP , Mr Rajesh Rathi, Executive Director (Works) ISP, Mr Himadri Bhattacharya, Executive Director (MM) ISP, administered the oath in English, Hindi and Bengali respectively. Mr Rabin Das, Executive Director Incharge (Projects), ISP SAIL delivered the special address and also released the special issue of Vigilance Awareness Souvenir. The event was attended by the senior executives of ISP SAIL, CRPF and others.

Mr Varma was also invited by Mr S.K. Choudhury, ACVO, Rourkela Steel Plant SAIL, to speak on a workshop on e-procurement during the SAIL Vigilance Awareness Week on October 30. The workshop was attended by executives from indenting departments, contract cell, materials management, finance and Vigilance. His speech on the role of IT as an enabler to combat corruption was followed by a presentation by Mr Indranil Karak on e-procurement and an interactive question answer session with the audience.

Mr P.K. Pradhan, GM I/c and Acting Executive Director (P&A) RSP, delivered the special address to all senior executives. The event was attended

by Mr P.K. Pramanik, GM(MM), RSP, Mr Deepak Gupta DGM I/c & HOD (Contract Cell works), RSP and other senior officials of the plant.

It was a story waiting to be shared with the world.

History was witnessed.

It was rare, it was unique. One is considered lucky if he sees history in the making in one lifetime.

However, one is luckier if he can become a part of it.

And every junctionite is an integral part of that history.

Let us all take the story forward.

Editorial Advisor Editor Madhuchanda Dasgupta Design Debal Ray, Sobhan Jas For suggestions, feedback and queries, please write to mjpost@mjunction.in

Visit us at www.mjunction.in Copyright: All rights reserved. No part of this publication can be reproduced or copied in any form or by any means without the prior permission of mjunction services limited. Please inform us if any copyright has been inadvertently infringed.

Disclaimer: This document is for information purpose only. Certain information herein has been acquired from various external sources believed to be reliable. While we have taken reasonable care to compile this report, we in no way assume any responsibility for any error or discrepancy in regards to information contained herein. Readers are requested to make appropriate judgement without any prejudice or compulsion.

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Volume Vi | Issue IV | October-DecEMBER 2014

Amit Mitra unveils

Intrapreneurs @mjunction

A

t a glittering function at the Oberoi Grand in Kolkata on January 5, Dr Amit Mitra, the West Bengal minister of Finance and Industry, formally unveiled Ïntrapreneurs@ mjunction, a book which captures the eventful and dynamic journey of mjunction since inception. The CEO and MD Mr Viresh Oberoi hosted the event. The author of the book Col. Rajeev Kumar, also graced the occasion with his presence.

It was a story waiting to be told. Just over thirteen years ago, it was just a fledgling concept.

However, vision and foresight made it one of the biggest stories in the history of e-commerce, changing the way particular supply chains operated in India till date. Ïntrapreneurs@mjunction” is a book which tells the story like it is.

The event was attended by senior corporate leaders and other dignitaries. It was also thronged by the media, both electronic and print, from regional as well as national organizations. Among those present were Mr Sandipan Chakravortty, director of mjunction, former MD of TSPDL and former chairman of mjunction. Mr Peeyush Gupta, vice-president of Tata Steel, marketing and sales division, Mr P. Raychaudhury, executive director of SAIL and Ms Helen LaFave, US consul general.

Dr Mitra said: “The spirit of coopetition, or cooperation between competitors, is indeed a unique concept, specially between the public and private sectors, where interests are different and networks are different.” He said for an intrapreneur, a mix of intuition, analysis and market sense is most crucial and the team at mjunction with Mr Oberoi leading it, has that in ample measure.

Dr Mitra said: “The easiest thing in business is gap-filling. The second, which is a little more difficult, is to complete markets. However, the third, and the most challenging, is to create markets when none exist. mjunction belongs to this third category. To move from Tata Steel to step into complete alien territory was indeed a brave act by Mr Oberoi, and I think the author has done a great job of elucidating the entire journey.”

“I am here to celebrate the spirit of entrapreneurship,” he added.

Intrapreneurs@mjunction is to me, on the one hand, a story of a few determined people wanting to change the world - make a better place - through their passion to succeed, leveraging and harnessing the power of the Internet, and on the other hand, having a great time doing it. Putting the two together, that is, successful creation of a for-profit social organization and the joy of creating and managing it, indeed makes a heady cocktail,” Mr Oberoi said. He said mjunction thrived despite the biggest of odds which included the global dotcom bust but survived due to the ownership of its team.

Dr Kumar said, “The team at mjunction created the paths to winning by identifying and capturing opportunities quickly. mjunction captured new lines of businesses decisively even before the previous ones were fully stabilized, and kept jumping from one transient advantage to another.” He recalled his experience of writing the book and getting familiar with the term coopetition as coined by a leading economic daily, which aptly describes the spirit of mjunction.

On Twitter, the book and its launch was covered under #MjunctionStory.

On January 8, the Kolkata edition of The Economic Times carried a onepage supplement on the launch.

About the book Intrapreneurs@mjunction, a first-of-its kind book in India on intrapreneurship, documents the meteoric rise of mjunction services ltd, an e-commerce company whose visionary leader empowered his team to think and work like entrepreneurs. What followed is a growth story that is both unique and awe-inspiring. From humble beginnings – the company began as a 50:50 venture promoted by Tata Steel and SAIL – mjunction rose to become the world's biggest e-marketplace for steel.

The story of mjunction chronicles how the challenges of growing in a nascent business domain were overcome through specific innovations, how new opportunities were created, mostly with limited resources, how the business environment was shaped by helping clients to identify potential efficiencies by changing their mindsets, how the crippling monopolies in the trading of steel and coal were broken and how change-resistant public sector companies were persuaded to adopt new digital practices and processes in their selling and buying. And most vitally, how mjunction was run on solid business principles, where elements of social and economic sustainability were combined in their service offerings.

Coming at a time when India urgently needs business leaders who can unleash the power of intrapreneurship to grow their organizations as well as the nation’s economy, this book is an essential read for organizations, strategy planners and CEOs.

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Volume Vi | Issue IV | October-DecEMBER 2014

MD espouses cause of Swachh Bharat

MD chairs session on Bengali cinema

The mjunction CEO and MD, Mr Viresh Oberoi, who is also chairman of CII eastern region, delivered the welcome address at CII’s CSR meet 2014 on December 2 at the Taj Gateway in Kolkata. The meet was held under the theme: “Clean India, Green India, Our India - Vision to Mission.” Mr Oberoi said CII will build at least 2,000 toilets across schools in West Bengal, Odisha, Bihar, Jharkhand and Chhattisgarh by March 2016. He said that the exercise was a part of its social agenda “in consonance with the Swachh Bharat” campaign.

The organisation, Oberoi said, is already working with corporate houses, governments, local bodies, self-help groups and NGOs in this regard.

r Viresh Oberoi, who is also chairman of CII eastern region, chaired the opening session of a two-day CII Big Picture Summit on December 12, where a report was released on the general perception of Bengali films among its target audience. Market research firm IMRB partnered with CII in bringing out the report.

In his welcome address, Mr Oberoi dwelt upon the glorious history of Bengali cinema which dates back to more than a century. “Bengali cinema has an enviable past and it continues to be one of the most vibrant regional film industries in the country. With the current release numbers touching a little more than 100, quite a few large pan Indian film production studios have shown interest in investing in Bengali films,” he said.

Dr Amit Mitra, Minister for Finance and Excise, Commerce and Industry, IT and Electronics, PE and Industrial Reconstruction, attended the opening session along with Bengali matinee idol Mr Prosenjit Chatterjee, who is also chairman, Media & Entertainment Steering Committee, CII eastern region and celebrated filmmaker Mr Goutam Ghose.

M

Mr Oberoi addresses the Brand Conclave

The mjunction CEO and MD Mr Viresh Oberoi led a delegation to Myanmar from October 6 to 10 as part of CII’s 3rd Enterprise India Show 2014. The show was jointly inaugurated in Mandalay by HE Mr Aung Zan, Minister for Planning & Economy, Govt of Mandalay Region, HE Mr Sai Maung Hla, Shan Affairs Minister, Govt of Mandalay Region, Mr Aung Win Khaing, President, MRCCI, HE Mr Gautam Mukhopadhyay, Indian Ambassador in Myanmar, Mr Suresh Chitturi, chairman, CII Andhra Pradesh, and Mr Oberoi.

Mr Viresh Oberoi chaired a special plenary session on December 3 at Hyatt Regency in Kolkata at the IMME and Global Mining Summit 2014 organised by CII.

T

he mjunction CEO and MD has described brand as an external manifestation of products offered to customers. “Companies need to have the right branding to create an element of credibility and trust. It makes a deep impact on the company’s image and revenues in the long run,” he said, while delivering the theme address at CII’s 13th Brand Conclave in Kolkata on December 19. According to him, global branding for Indian companies entails much larger requirements which may vary from geography to geography. “Brand evolves with time and place,” Mr Oberoi said.

Prof Jan-Benedict E M Steenkamp, C. Knox Massey Distinguished Professor of Marketing and Marketing Area Chair, Kenan-Flagler Business School, University of North Carolina in the US, said that Indian companies must make a solid global impact and make sure the country has a current account surplus, and not deficit.

The event was attended by more than 250 marketing professionals from across the country.

Dr Steenkamp cited a McKinsey 2013 which said, “With more and more global companies treating India as an important market, Indian companies that do not learn how to be globally competitive will lose at how to. Failure is certainly an option; staying on the sidelines is not.”

In the past editions, the Brand Conclave has featured such top global speakers as Al Ries, Laura Ries, Jean-Noel Kapferer, Lynn Upshaw, Clyde Fessler, Kevin Lane Keller, Erich Joachimsthaler, Bernd Schmitt, John Philip Jones, Nicholas Ind, Erik du Plessis, David Meerman Scott and Tim Calkins.

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Volume Vi | Issue IV | October-DecEMBER 2014 “It is our common goal to transform Odisha into a vibrant industrialised state, to enhance the share of industries in State Gross Domestic Product and to promote orderly and environmentally sustainable industrial growth,” Mr Oberoi added.

Mr T V Narendran, Managing Director, Tata Steel, who is also Chairman of Jharkhand CII State Council; Mr Ansuman Das, CMD of NALCO and Chairman, CII Odisha State Council; Mr Debi Prasad Mishra, Hon’ble Minister of Industries & School and Mass Education, Government of Odisha; Mr Vishal Dev, IAS, Commissioner cum Secretary, Department of Industries, Government of Odisha, attended the inauguration, among others.

He said that CII is planning to launch a Mining Skill Centre in Keonjhar.

The Confederation will create dedicated investors’ forums in Odisha to boost industrial investments in Odisha. CII through its Centres of Excellence will continue to play a role in strengthening competitiveness of industry in Odisha to align with global imperatives and ensuring inclusive and sustainable growth of the state. Forums would be created on manufacturing, tourism, healthcare, agriculture for the overall development of the state.

T

he mjunction CEO and MD Mr Viresh Oberoi, in his capacity as Chairman of CII Eastern Region, hosted the inauguration of CII’s Enterprise Odisha at Bhubaneswar on November 26. The event was launched by the chief minister of Odisha Mr Naveen Patnaik. Mr Oberoi thanked the Odisha government for the support and cooperation it has extended in organising Enterprise Odisha. He particularly congratulated Mr Patnaik on his “dynamic leadership and the investor-friendly government policies” his government has adopted to attract investments.

M

MD opens Gujarat govt roadshow

r Viresh Oberoi lit the inaugural lamp of a Gujarat government Kolkata roadshow at the Hyatt Regency on November 20, along with other senior officials and the Gujarat Minister of Health, Medical Education, Family Welfare, Road & Building and Capital Projects, Mr Nitin Patel, who spearheaded the roadshow. The event was attended by over 200 top industrialists and corporate leaders from the city.

The roadshow was organised to showcase the forthcoming Vibrant Gujarat 2015 Summit being organized on January 11 to 13, 2015.

Mr Oberoi attributed three main reasons why Gujarat has been able to grow at a faster rate than the national average. “First, its devotion to the workings of the free market and the primacy of the private sector. The second is a welcoming attitude towards private investment, and third is less bureaucracy and less state intervention – except when welcoming private investment by tax concessions, investment subsidies, cheap credit and a business-friendly labour policy,” he said.

A presentation covering key sectors of the Gujarat economy was made at the roadshow.

SAIL team visits mj office

T

he Enterprise Account Management team organised a workshop of Heads of Departments of Marketing departments of all SAIL plants in the months of October and November 2014. The workshop was conducted with the objective of aligning the services of mjunction as per the evolving market environment and meeting the expectations of SAIL. The workshop was conducted in two phases and was attended by Mr S.P. Padhi, GM-Marketing SAIL BSL, Mr H. Pradhan, GM-Marketing SAIL RSP, Mr Sourav Sinha DGM-Marketing SAIL DSP and Mr Abhay Ranjan AGM-Marketing SAIL ISP. It was a successful event chaired by vice-president of mjunction Mr Vinaya Varma and facilitated by Chief of Horizon 1 Mr Deepak Bhattacharya and Enterprise Account Manager SAIL Mr Arunava Mandal. It was a highly interactive session where the following topics were discussed: The key initiatives taken by mjunction to ensure maximum customer satisfaction; Different strategies undertaken to ensure optimum selling price for products sold;

Challenges faced by mjunction due to changing market dynamics which also includes regional dependencies as well as external factors; Coming up with improvement initiatives to meet the desired expectations of SAIL and working out the way forward, which will be beneficial to both SAIL and mjunction in the long run.

Important initiatives like online letter of intent and integration of systems were the key takeaways from this workshop. The SAIL team was taken around the Kolkata office by Mr Varma, and it thanked mjunction for the initiative it took in organising this workshop.

The seventh edition of the CII Corporate Golf Cup was held at Bhubaneswar Golf Club on November 27, the second day of the Enterprise Odisha organised by CII. The mjunction CEO and MD, Mr Viresh Oberoi, who is also chairman of CII eastern region, gave away the Best Team Trophy.

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Volume Vi | Issue IV | October-DecEMBER 2014

Towards creating a “learning”organisation Dipankar Acharya, Head, Knowledge Management

K

nowledge Management, or KM, is the conscious management of a key corporate asset – knowledge – for the purpose of advancing organisational learning, strengthening the organisation’s ability to sustain and expand its core competencies, and securing competitive advantage.

Why is it important?

Today, information is being created and shared at an unprecedented rate, with knowledge doubling every seven years. Making sense of information is the challenge now – the key bottleneck is extracting useful data and making use of it.

Also globalisation requires new knowledgecoordinating structures , sharing of information between divisions, regional structures and also

with partners and former competitors in the region. New organisational and decision-making structures depend on knowledge management, as new companies need to be nimble, adaptive, responsive and customer-focused.

Thus organisations are setting up processes and systems to capture, categorise, store and then use knowledge for future benefits. Web technologies, social networking, discussion forums are used extensively for the purpose.

situation or separate ingredients that make up an event.

Information: Data placed in a specific context or structured to yield order and meaning. Data can be contextualised (paired with an account of where it came from and the purpose for which it was gathered), categorised (organised in terms of units of analysis or key components), calculated (analysed mathematically or statistically) corrected (errors have been removed) or condensed (summarised in a concise form).

Knowledge: Information that is first absorbed into and filtered through the beliefs, experiences, capabilities, and judgments of the learner, and turned to productive use, action, and decision making. It is expressed through use – in a moment of making or deciding or teaching or learning or changing. Knowledge = Information + Knowhow.

KM@mjunction In August 2014, mjunction launched its Knowledge Management System. The link is km.mjunction.in and is open to all employees to share and seek knowledge.

There are three sections for

uploading knowledge articles : Knowledge Pieces: In this section, documents individually created by employees of mjunction services themselves, based on their knowledge and experience are to be posted.

Internal Practices: This is the section for uploading Best Practices, SOPs, Training Manuals, Case studies etc. as followed by the respective business and functional units.

External Documents: This section is for documents downloaded from the Internet or other sources – from outside the organization.

The Knowledge Pieces section is open for uploading to all employees, while Internal Practices and External Documents section is read-only to all employees and upload access is given to COP Heads.

Till December 2014, 503 knowledge articles have been uploaded, which have been viewed and liked 492 times.

Based on the usage, the organisation rewards the Best Knowledge Seeker and Best Knowledge Contributor each month. Till now three employees have won the awards. In addition, nine employees have been recognised for Innovation in November and December.

Knowledge Management Awards

What is knowledge?

There are three layers of knowledge: Data: Refers to facts and figures. Facts of a

Month November December

CHALLENGE Best Knowledge Seeker Best Knowledge Contributor Best Knowledge Seeker

WINNER Rama Shankar Shirshendu De Nilanjan Nandan

Innovation Awards

November

Month

CHALLENGE How to leverage B2C platform for CSR Revenue from Premium Property How to improve data accuracy in budgeting

December

None (Individual Triggered Idea)

POSTED BY / CATEGORY

WINNER

CSR

Apurba Singha

Admin

Avinash Dhoot

Finance

CSR CSR

Most Active User How to take our current Sales & Marketing service offerings international None (Individual Triggered New Business Idea) Opportunities

Dibyan Mukherjee Vini Amesar (Tata Capital) Abhijit Bhattacharjee Atin Banerjee Avik Saha Atin Banerjee Avik Saha

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IDEA / CONTRIBUTION Personalised promotional campaign, review of products by users on Straightline & token discounts on purchase/shipping Set up an Incubation centre - offer the space in exchange for equity to promising start-ups Develop in-house budgeting tools / budget manager to manage the process Standardise the process & develop in-house software for budgeting Online IT application for capturing e-junction student details for placement activities Initiate eJunction initiatives to our Metaljunction & Coaljunction communities in remote locations Ideas = 5, Enhancements = 5 Get in touch with Foreign Embassy offices to explore opportunities for inward investment in the countries Building a Auto waste auction business proposition by organising it thru car manufacturers

Volume Vi | Issue IV | October-DecEMBER 2014

milestones @mjunction www.valuejunction.in

valuejunction facilitates e-sale of WBPDCL’s decommissioned unit The West Bengal Power Development Corporation Limited (WBPDCL) is a com¬pany owned by the government of West Bengal with the objective of electric power generation and supply in the state of West Bengal. The main thermal power plants under WBPDCL are in Kolaghat, Bakreswar, Sagardighi, Santaldih and Bandel. valuejunction was appointed by WBPDCL to sell its 4x120 MW decommissioned thermal power plant at Santaldih in West Bengal.

presented the client with the estimated saleable value of the plant.

Once valuejunction received the go ahead from the client to sell the plant, they then reached out to potential big buyers from all four regions of the country. After identifying the right buyers, an online auction was conducted. The auction saw good participation and through the competitive bidding mode, valuejunction was able to achieve a good price realisation for the plant under sale.

Results The plant was sold at a price of Rs 105 crore, which was 23.5% higher than the client’s expectations.

www.buyjunction.in

Challenge The challenge was to set the benchmark price correctly and then to find a suitable buyer who would offer the best value for the plant. The client had made two previous attempts to sell this plant but failed both times. So the challenge for valuejunction was even greater.

The solution & strategy valuejunction carried out a thorough Inspection and Inventorying of the plant. A team of six was stationed at the site for a period of one month to complete the Inspection in phases. Once the on-site activities were completed, valuejunction

buyjunction aids PP bags procurement of Dalmia Cement Dalmia Cement, a leading private sector cement manufacturer, mandated buyjunction to facilitate sourcing of poly-propylene (PP) bags. Their objective was to obtain significant savings over the last purchase price (LPP) for this commodity, as also to adopt a transparent process and provide equal and fair opportunity to all vendors.

The mandate had its own challenges, some of them being: • Negotiations had to be conducted with the

BU Highlights

• Automation of lot upload facility by customers for payment to Tata Steel and SAIL. www.financejunction.in

Channel finance • Facility started for distributors of Balmer Lawrie in greases & lubricant division; • Sign up done for two new banks viz. DBS and Axis Bank with program size of Rs 100 crore and Rs 200 crore respectively; • Reduction of interest rates by partner banks by 50-75 bps; • Tata Steel distributor’s meet conducted for eastern and western regions; • An increase in transaction value in the period October-December 2014 by 24% with respect to the same period last year; • An increase in loyalty point accrual by 68% against the same period last year.

Buyer finance • New product category coal chemical added for financing through Axis Bank; • Six new customers signed up under Tata Capital, HDFC and Axis Bank with aggregated limit of Rs 8 crore;

www.coaljunction.in

• The West Bengal Mineral Development & Trading Corporation had offered 40, 000 tons of coal to be sold through the road mode in October 2014. coaljunction could sell the whole quantity with a price gain of 35.70% . The total value of the auction was around Rs 20 crore with a gain of Rs 5.24 crore to the client; • SAIL ISP had offered 10,000 tons of tailing slurry to be sold in October. Tailing slurry is a slow moving product but coaljunction could sell the whole quantity with a price gain of 8%.

SAIL ISP’s additional revenue was Rs 24 lakh over the reserve price through this price gain.

• The coaljunction auction platform was made compatible with browsers like Firefox and Chrome following feedback from various customer meets and bidding customer satisfaction surveys.

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already negotiated last purchase price, and more competitive and quality vendors had to be added who were catering to other cement giants; • A mechanism had to be developed whereby it would not impact Dalmia Cements’ current buying process and operations; mjunction designed a solution keeping in mind the challenges, the salient features of which were: • Designed a comprehensive RFQ as per the best industry practice for genuine vendor participation; • Imposed EMD and security deposit and penalty clause to prevent their current buying system as well as without impacting the current operation and SCM. • Adopted a new methodology whereby raw material content in percentage was not fixed and was kept open for bidder choice; • Designed a template to capture the raw material prices and percentage as well as the different types of tax structure plant and vendor wise; buyjunction screened out 76 vendors and finally 27 vendors were found suitable for online negotiation for 41 type of bags spread across six plants in different corners of the country, with different kinds of taxations, granules pricing, etc. leading to multiple permutations and combinations in terms of cost structures.

The transaction value of the process was Rs 70.88 crore. The client achieved a savings of Rs 1.68 crore, which was 2.37% over the last purchase price.

• The largest deployment of 18 technical developments and enhancements in coaljunction auction application was done on November 18 , which has led to customer satisfaction and convenience in operations.

• A template based SMS system was developed, thereby ensuring that all registered customers of coaljunction receive the messages. Earlier, messages could not be set owing to certain TRAI restrictions.

www.buyjunction.in

• On November 28, buyjunction conducted a Workshop and Training programme on Systems and Procedures of Reverse Auction at the Bhilai Steel Plant. The programme was intended to bring awareness and educate the ancillary and other MSMEs in and around Bhilai Steel Plant. Their feedback and suggestions was also taken for making the reverse auction process more user friendly. The workshop was attended by many ancillary units, MSMEs as well as officials of the Bhilai Steel Plant.

Volume Vi | Issue IV | October-DecEMBER 2014

I would like to express my sincere appreciation to coaljunction for the customer service it provides before and during the conduct of e-auctions.

S. Bhutani, Senior Manager (Sales & Marketing), CCL, Ranchi

Client Speak

metaljunction enabled us to sell 1250 tons of coke really fast. In the past, the process was usually very slow. However, the excellent support provided by metaljunction helped us to do the work quickly.

H. Pradhan, General Manager (Marketing), Rourkela Steel Plant, SAIL

The customer is at the heart of all activities at mjunction and their feedback is of utmost value to us. We bring to you a few voices of the customer.

metaljunction helped us to conduct the best ever coal tar despatch in a day. Thanks to its excellent service, we despatched a record 514 tons of coal tar in a day.

Ritesh Kumar, Manager-By- products Sales (Steel), Tata Steel, Jamshedpur

Kudos to metaljunction for its excellent customer service by enabling the successful e-auction of ammonium sulphate from the old plant. It also enabled better price realisation due to keen competition through introduction of new customers.

Ashoke Kumar Ghosh, General Manager (Marketing & CS), IISCO Steel Plant

Kudos to metaljunction for its support in liquidating of scrap products.

Rahul Yadav, Regional Head SCM, Essar Steel

mj in the news

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Volume Vi | Issue IV | October-DecEMBER 2014

mj closes 2014 with an Adaalat session

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he third edition of mj Ki Adaalat was held on the evening of December 31, as 2014 prepared to draw to a close.

The objective of these sessions is to initiate two-way communication with junctionites and give them the opportunity to participate in a “Walk the Talk� session with managers.

The accused for the The accused: session was Mr Kaushik Mr Kaushik Sarkar Sarkar, Principal Service Delivery of metaljunction and Mr Rakesh Dubey, Head of Editorial, acted as the defendant lawyer.

The judge: Mr Alok Pal The public prosecutor was Mr Suvajit Chakraborty, DGM Business Excellence & Strategy and Mr Alok Pal, Head, Legal Services, acted as the judge.

Kaushik Sarkar took questions ranging from his communication skills to his culinary ones. He also satisfactorily dealt with a question which asked him whether given a choice, he would Defendant lawyer Mr Rakesh Dubey and choose metaljunction or public prosecutor Mr Suvajit Chakraborty buyjunction, two business units where he has had considerable contribution. He also took a question on how he usually faces up to difficult situations.

It was an interesting session and the courtroom proceedings kept the audience glued to their seats. Kaushik Sarkar was absolved of all charges by the judge and was asked to wish everyone a very happy new year!

mj holds awareness session on multiple sclerosis

O

n December 15, mjunction organised an awareness session on multiple sclerosis conducted by the Multiple Sclerosis Society of India (MSSI) for the benefit of a select group of junctionites. The session started with an introductory note by the CEO & MD, Mr Viresh Oberoi, who is also president of MSSI. Mr Oberoi urged all junctionites to help MSSI in whatever way they could.

He also introduced Ms Sheela Chitnis who is the National General Secretary of MSSI. Ms Chitnis gave a brief presentation on the disorder. The highlight of the session was the first person account of a patient of multiple sclerosis, who shared her own story as a sufferer and also her experiences with MSSI. Multiple sclerosis is a disorder of the central nervous system, and MSSI works for the welfare of people afflicted by this disease. They have centres in Bengaluru, Chennai, Delhi, Hyderabad, Indore, Kolkata, Mumbai and Pune.

ejunction convocation held at Singur

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n December 12, mjunction organised a convocation ceremony for two ejunction batches of the Vivekananda Computer Centre in Singur. One was an all boys, and the other, an all girls batch, and 37 students were handed certificates. This centre is the first centre to have a video conferencing facility.

Girls from this centre have participated in the Inter-civilization Youth Engagement programme (IYEP) under the guidance of Sri Sarada Math.

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Volume Vi | Issue IV | October-DecEMBER 2014

Y

ou just don’t buy an air ticket and land up in Ladakh. A trip to Ladakh needs months of meticulous planning, a trip to your doctor for prescription drugs and a generous boss who is willing to let go of you for seven days!

There are two ways of reaching Ladakh. One, the Manali Leh highway preferred by the bikers, and two, the Srinagar Leh highway for the laidback SUV travellers like us. Only a handful who are used to high altitudes, land directly at the Leh airport. The prescription drugs are variants of acetazolamide taken to prevent Acute Mountain Sickness (AMS), as Ladakh is the highest plateau of the state of Kashmir, with much of it being over 3,000 m (9,800 ft). It spans the Himalayan and Kuen Lun and the upper Indus River valley.

We were lucky to get the services of Rigzin Phunchok, one of the most popular drivers in Ladakh whose waiting list will put the Indian Railways to shame. Rigzin is a retired war veteran, a true Ladakhi and a wonderful human being who seemed to know everyone as we drove from Srinagar to Kargil. The first pass was Zoji La, one of the riskiest passes of the Himalayan region at an altitude of 11,575 feet and a vital link between Kashmir and Ladakh. We travelled in early September, technically at the dead end of the tourist season, as Zoji La remains closed due to snow in winter. Rigzin gave us a first person account of the war in Kargil, complete with camp locations at the mountain peaks of Tololing and Tiger Hill. We also paid a visit to the Kargil war memorial.

After a night’s stay at Kargil we started for Leh. Just a kilometre beyond Mulbekh town heading towards Leh, is the famous Chamba Statue, a huge and striking figure carved into the rock face – essentially a standing Maitreya Buddha or Buddha-to-come, which overlooks the old trade route and highway. There we visited the Mulbekh monastery. Two more passes later, the Namki La (at 12,198 feet) and the Fotu La (at 13,478 feet) we reached the breathtakingly beautiful confluence of the Zanskar and Indus rivers, each retaining its distinct colour. A little before Leh was also the Alchi monastery in the small village of Alchi. For seasoned city dwellers like us, it was a little too much to take in on a single day. But then this was just the beginning of what lay ahead.

Leh is the largest town in the Ladakh region at 11,562 feet; it is technically a base

camp of sorts one gets acclimatised at before venturing further. Leh is dotted with shops that rent out bikes, trekking gear and sports accessories like rafting gear. It also offers a variety of gastronomical delights; the German Bakery, the Tibetan Kitchen and the Sunbeam Café, to name a few. We got Lehéd the next day, with the Leh Palace, the Stok Palace where the royal family resides, the Shanti stupa, the

Juley JuleyLadakh!

Ladakh!

Subhajyoti Roychowdhury of Corporate Marketing recounts a trip that was more than just a mere holiday.

Thiksey monastery and Rancho’s Café, the school where 3 Idiots was shot.

We started our journey for Nubhra valley the next day, and the ride was all adrenalin because we had to cross “the highest motorable pass in the world” – Khardung La, standing tall at 18,379 feet. It is in difficult terrain such as these that you see the Border Roads Organisation (BRO) and the Indian Army building and maintaining roads under the toughest weather conditions which leaves you in awe of their dedication.

Crossing Khardung La also means that you pack your mobile devices, unless of course you use a satellite phone. On the way to Nubhra we visited the Sumur monastery. Nubhra valley in the Hunder region is a high altitude cold desert where we took the famous double humped camel ride.

These Bactrian camels were supposedly brought

by Chengiz Khan through the Silk Route.

The weather gods had different plans in store for us and we were unaware that Srinagar was already hit with the worst floods that it has ever seen and that meant heavy snowfall in the higher altitudes. We were to travel to Pangong Tso via Wari La, a pass which is off the popular tourist map at 17,400 feet.

We had availed of the first car of the day at Wari La and we rescued two passengers stuck in the snow from the night before.

We reached the breathtakingly beautiful Pangong Lake in late afternoon that day. Pangong Tso is at 14,270 feet with 20% of the lake in India and the rest in China with the Line of actual control passing through. We were to stay for a day in Pangong. However, a

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radio message to the village warned that there was heavy snowfall in Chang La and it was closed. We cancelled our trip to Tso Kar and Tso Moriri the next day. Pangong was beautiful by the day and uncomfortable at night with dipping temperatures and oxygen levels. The staff at the only operational hotel played the perfect host with warm soup, tea and food to keep us going.

The next day we were on our way back to Leh, armed with a clearance from the post at Chang La. On our way back, we stopped over at the Hemis Monastery, one of the oldest monasteries in the region.

Back in Leh, the weather was colder with intermittent rainfall and overcast skies. Flights had not taken off for the last few days and there was a backlog of stranded vacationers. We were lucky that the next day the skies were clearer and the mad rush notwithstanding, we made it to the flight for Delhi.

I have already vowed to go back to Ladakh soon. It is a place which actually grows on you and if you happen to be one, like me, who sees life through the square brackets of a viewfinder, there is no other place in India that can offer you such beauty. It is not without reason that they say you don’t travel to Ladakh, you do Ladakh.

If you reach Ladakh sooner than I do, do greet it with a “Juley” from me.

Volume Vi | Issue IV | October-DecEMBER 2014

KNOW YOUR JUNCTIONITE I have been in mjunction since: September 2007

My favourite food is: Authentic Bengali cuisine

The three words which describe me the best are: Honest, simple, friendly

My favourite sport is: Cricket, football

My childhood was spent at: Kolkata My major in college was: Commerce If I was not working at mjunction, I would be: Working in some manufacturing or IT company My favourite movie is: 3 Idiots, Rock on & Gravity My favourite singer is: Kishore Kumar, Lata Mangeshkar, Shreya Ghoshal

My favourite book is: Sonar Kella If I could have tea with a fictional character, it would be: Feluda My dream travel destination is: Japan The three things I would definitely do on an ideal day are: Spend time with my family and friends, watch sports, movies and listen to music on TV and gardening or fishing

My major in college was: Systems If I was not working at mjunction, I would be: Working for the travel & tourism industry

I have been in mjunction since: July 2008 The three words which describe me the best are: Simple, cheerful, fun-loving

My favourite movie is: Dilwaale Dulhaniya Le Jaayenge My favourite singer is: Lata Mangeshkar My favourite food is: All Indian cuisine My favourite sport is: Badminton

I have been in mjunction since: 2004

My favourite food is: Eggs, eggs and eggs

The three words which describe me the best are: Simple, humble, congenial

My favourite sport is: Lawn tennis

My childhood was spent at: Rourkela

The most important event of my life so far is: The moment I got the appointment letter of my first job

My family consists of: My parents, wife, brother and uncle

My childhood was spent at: Various parts of India like Calcutta, Ranchi, Ambala & Bangalore

Rimi Ghosh

Subhankar Debroy

My favourite book is: Shiva Trilogy by Amish Tripathi If I could have tea with a fictional character, it would be: Spiderman My dream travel destination is: Europe The three things I would definitely do on an ideal day are: Take long walks, gorge on my favourite food and spend quality time with my family My family consists of: Mother, father, husband, son, mother-inlaw, sister and brother The most important event of my life so far is: Motherhood, as I have been blessed with a baby boy recently

My favourite book is: Gone with the wind

My major in college was: Physics

If I could have tea with a fictional character, it would be: Captain Haddock

If I was not working at mjunction, I would be: A musician

My dream travel destination is: Concentration Camp at Auschwitz, Deutschland

My favourite movie is: Where Eagles Dare, Roman Holiday, Gone With The Wind

The three things I would definitely do on an ideal day are: Exercise, live life on the edge

My favourite singer is: Elvis Presley, Mark Knopfler, Roger Waters

My family consists of: My parents, wife and son

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Somnath Mukherjee The most important event of my life so far is: Listening to solo recital legendary vocalist Girija Devi

Volume Vi | Issue IV | October-DecEMBER 2014

ISO 27001: Migration to 2013 standard Abhishek Kar, Technology

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nformation security is of utmost importance in an organisation, especially when it is operating in the ITeS sector. mjunction works in the Business Process Management area and so deals with a lot of data, information derived from the data and the knowledge generated out of that information. Information Security touches all parts of our operation, starting from security at our gates to ensuring regular backup of essential data at an organisational level. As it impacts the continuity of our business, it is essential that we understand its importance and its role in our day-to-day lives. Though it sounds and looks complex, it can work miracles if we bring about simple changes in our work styles. mjunction was an ISO 27001: 2005 certified organisation. In 2013, a new version of the standard was published and it was imperative that we migrate to the latest version to reap its benefits as also be considered as an organisation which considers Security (its own, its clients’, bidders’ and stakeholders’) its topmost priority. Keeping this in mind, the migration project was initiated in

September 2014 with the team starting work with an external consultant.

The Journey It was an uphill task for the team to migrate within a span of three months as the date of the surveillance audit drew near. The initial exercise

consisted of understanding the perspective of the new standard and simultaneously identifying the changes from the existing standard. A subsequent list of the mandatory requirements was quickly drawn up. In Stage I (i.e. before conducting an continued on Pg 13

What does automation mean @mjunction?

Atin Banerjee, Head, Automation What is Automation?

Automation is basically a delegation of human control function to control technical equipment.

Automation is the use of control systems and information technologies reducing the need for human intervention.

History In general , automation has been responsible for

the shift in the world economy from agrarian to industrial in the 19th century and industrial to services in the 20th century.

Process Automation – Our Approach mjunction is not in a lift and shift operation rather than transformation of processes.

The TO-BE process that we design is

transformational in the following ways 1) It identifies the core objectives of the process 2) It identifies and addresses the existing pain points of the AS-IS process 3) It designs a win - win TO -BE process largely on an IT backbone 4) It lists down all and quantifies as many as possible benefits / value unlocked of the new process vs the old process 5) Sets KPI's 6) Continuous improvement mechanism In process automation at mjunction, this is the process we follow: • Study as is process • Identify pain points in the as is process • Create to-be process addressing pain points of As-Is process with IT systems • Showcase additional benefits in the To-Be process • Measure the improvements and continuously improve.

Objectives of process automation • Increase Customer Satisfaction • Reduction in FTE • Increase revenue • Saving in terms of Cost These objectives are aligned to one of our corporate strategic objectives, which is ' To create a lean and thin organisation to optimise efficiency'.

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Volume Vi | Issue IV | October-DecEMBER 2014

mj @Procurement Leaders’ meet

continued from Pg 12 internal audit) several documents, starting from the IS Policy and the Statement of Applicability, were drafted to meet the requirements of the new standard. The final one was the ISMS Apex Manual itself, which turned out to be a massive one comprising 120 odd pages. Within a span of a month, all these were compiled and base-lined.

There are four components In any quality system – intent, implementation, effectiveness and compliance. Documentation forms the first part of the four and the fulcrum around which the other three operate. Thus, it was essential for the team to return to those documents to validate their current usability and work as a reality check for our current security practices. This exercise, conducted in the beginning of Q3 FY 15, resulted in modification of existing processes and streamlining the entire system further. Parallelly the continuity of the existing Certification demanded the Document control activities to be maintained along with proper closure of action points from the last audits at the HO as well as at the various branch offices. Documents like the Master List of Documents, R-A Matrix to name a few, underwent the necessary modifications.

Fifteen risk registers from departments across the organisation needed to be aligned to the new risk assessment methodology.

In November 2014, an audit was conducted by an Auditor associated with the consultant firm to check the implementation as well as the effectiveness of the migration exercise. This was Stage II of the project. Observation and nonconformance identified during this audit were rectified through appropriate corrective actions on war footing.

This year, we had embarked on a critical mission of increasing ISMS awareness amongst the employees of mjunction. Several initiatives were launched by the team in FY 15, including putting up awareness screen savers, uploading relevant knowledge pieces on to the knowledge portal, conducting awareness sessions and organising an online quiz. Awareness sessions during visits to branches and through Video Conferences were conducted for this purpose.

However information security is still not a part of our daily work life and we need to work in this area further in the coming year.

The external surveillance audit was conducted by external auditors in December 2014. This had two parts – a re-certification audit to check the success of the migration project and a surveillance audit for continuation of the existing certificate.

The external auditors certified mjunction to be an ISO 27001: 2013 organization. Validity of the certificate remains till February 2017.

The Road Ahead It is imperative that the organisation maintains this pace in its quest for improving its standards and processes. At all times, the integrity of its information assets have to be highlighted.

Confidentiality of the critical assets must be maintained. Care should be taken so that the most important assets are available to the concerned teams at the time of an emergency. It is not the responsibility of a single individual or a team. It is an organisation-wide initiative and each and every employee has to contribute in order to make it a complete success.

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n October 15, Mr Indranil Chaudhuri, Head, Client Relationship Management & Service Delivery, buyjunction, made a presentation at the Procurement Leaders’ Roundtable organised by the Boston Consulting Group in Gurgaon.

Mr Chaudhuri spoke on the topic “Leveraging IT to reduce cost of procurement” and spoke at length on the latest practices using auction portals. He covered the reverse auction strategy at length and said that a reverse auction must always be preceded by a sound sourcing process which includes selection of vendors and extensive market research.

Other speakers at the meet included Mr Amitava Bakshi, Chief Procurement Officer, Tata Steel, Mr Swithun Manoharan, vice-president in the Chennai manufacturing plant of Tractors & Farm Equipment Ltd and Mr Ashish Chitravanshi, VP operations, Snapdeal.

mjunction @ 3rd KIDUG

T

he mjunction Head of Automation Mr Atin Banerjee was the first speaker at the third Kolkata India DB2 User group (KIDUG ) event held on November 15 at the Techno India campus in Kolkata. Mr Banerjee spoke about how mjunction is using DB2 to support various complex applications.

The international DB2 User Group (IDUG ) is an independent, not-for-profit, user-run organisation whose mission is to support and strengthen the information management services community by providing the highest quality education and services designed to promote effective utilization of the DB2 family of the products.

The Kolkata India DB2 User group (KIDUG ) is a regional user group and an organised group at the local level who share an interest in IBM DB2 family. In 2013, KIDUG was formally launched when the first ever event took place in Kolkata with participants from IBM, CTS , TCS and mjunction, among others.

mj Tech team takes load test exercise

I

n today’s dynamic environment, with the constant churning of business processes and allied software systems, one cannot afford to get complacent with one’s software application performance.

With application tuning taking centre stage, load testing has assumed a natural spot of paramount importance.

Not to be left behind, the testing team within our Technology function undertook a load test exercise on the buyjunction reverse auction platform.

Using Jmeter v2.9 the application was initially subjected to a load of 100 concurrent bidders. The system response time was pegged at 0.9 sec for bid Place & 3.3 sec for refresh. On cranking up the load a few notches higher to 300 concurrent users, the response time clocked at 1.6 sec for bid Place & 4.7 sec for refresh. This clearly was not very encouraging for the application team who quickly went into a huddle. Much database layer probing and SQL query optimising later, they were up for the test again.

On a subsequent load of 300 concurrent users, response time of Refresh being lowered to 0.5 sec and bid place came right back with response time within 0.2 sec. A significant improvement over the performance! The application and testing teams have taken it upon themselves to keep such improvement exercises running at regular intervals to keep the system health running optimally.

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Volume Vi | Issue IV | October-DecEMBER 2014

Junctionites run for a cause On a chilly winter morning of Sunday December 28, junctionites participated in the 6-km Ananda Run at the Tata Steel Kolkata 25 (TSK25) Run. TSK25, where Tata Steel was the title sponsor, lends an opportunity for NGOs to raise funds. mjunction supported the Tata

Medical Centre Trust. On December 14, junctionites participated in the 7-km Jamshedpur Run-a-Thon which was a run-up to this event.

Akhilesh Reddy Arvind Singh Ashish Kumar Shukla Barnali Chatterjee Biswarup Banerjee

Nusrat Ali Pradeep Kumar Mohapatra Rijoy Chakraborty Sampad Bhattacharjee Soudipto Malakar

to the mj family

Spot Awardees for Oct – Dec 2014

financejunction Rudra Prasad Nag Shruti Saxena Subhashish Mukherjee

coaljunction incubation cell

H1 & H2 business unit Ashok Kumar Roy

Chiranjib Dutta Chaudhuri COMST Anirban Ghatak Avinash Dhoot Argha Sen corporate accounts & finance

metaljunction Abhi Banerjee Avik Ray Chandrika Bose Gitimoy Mukherjee K M Singh Kamlesh Kumar Ghode Niraj Kumar Vaishnaw Rakesh Kumar Singh Rakesh Kumar Singh Sangeeta Roy Shubhrajyoti De Shyamal Bhar Snehasish Banerjee Sourav Sinha Souvik Saha Susant Kumar Das Tania Chakraborti Tanmoy Ray

Sourav Kumar Tiwari Sridhar Rajaraman Srijit Banerjee Srishti Srivastava Subhajit Acharyya Subhra Sarkar Suman Chaudhuri Suman Sharma Suvendu Das Virender Dhania

Apurba Dey Singha* Debasis Datta Dilip K Singhal Mohammad Feroz Pradipta Chakraborty Ruchi Jain

transaction processing Debashis Dutta Dipsankar Samanta Soumyadip Pal Sourav Biswas Suvendu Das valuejunction Biswajit Banerjee Gaurav Das Jamsheed Hosi Daver Suvasis Paul

Aalia Baksh Abhishek Sen* Amit Banerjee* Archi Choudhury Arijit Paul* Asiya Zaki* Imtiaz Ahmed* Kabir Hossain Kaushik Kr. Mitra Parna Saha Prateek Bose Rajashri Saha Ruby Konch* Sagarika Bhattacharya Sayantan Dutta Chowdhury* Shirshendu De* Souvik Ghosh* Souvik Saha

human resources Anuja Prasad technology

legal & compliance Alok Pal MD office Rabindra Prasad procurement Suvadeep Banerjee

straightline Debipriya Sengupta Rupak Chakrabarty Shahzada Sarfraz Alam Siddharth Bhatia Subhau Bhattacharya Suddhasattwa Datta

* indicates junctionites who have received the award more than once

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buyjunction Anshu Verma Chandrani Majumdar Debanjana Dutta Debjit Mukherjee Manish Nandwana Mithun Kundu Monalisa Shaw Nitin Kumar Raj Kumar Jha Rajesh Jha Roushan Kumar Sandeep Banerjee Siben Sarkar Sudip Ranjan Giri Sunil Kumar Choudhury Tanumoy Chanda Tushar Jana

Dola Das Mohammed Khateeb Kamran Partha Pratim Saha Puja Chakraborty Sameer Ingole Sudipto Roy Chowdhury administration Anup Das Babloo Kumar Singh Rajkumar Bhattacharyay

Volume Vi | Issue IV | October-DecEMBER 2014

The newborns

p Arjun, the little bundle of joy of Jaideep Boruah of Incubation Cell

p Precious Arushi born to Ashish Dey of buyjunction p Rishika, the little angel born to Sudeshna

Aayushi, little princess of Debika p Dasgupta Paul of Technology

Majumdar of buyjunction

My Daily Routine I wake up at 6 o’clock!

Then I go for a walk Then I brush my teeth!

And clean my sheet!

Then I eat my food!

That everyone should!

Then I do some exercise!

And I feel very nice!

Then I pack my bag and go to school!

And follow the entire rule!

I come back in the afternoon time!

And drink a glass of lime!

I get some shower!

Then I rest for one hour!

Then I wake up and play with my friends!

And we play the game trades!

I come back and study for some time!

Then I write rhyme!

Then I have my dinner at 9 o” clock!

And go to the bed at 10 o’clock!

A poem by Bhavna Panda, daughter of Bijay Panda of buyjunction.

QUIZ CORNER

5. Which large Indian multi brand store stocks a line of ethnic wear branded Pakistani ‘truck art’? Trucks in Pakistan have their unique decor style, which are quite distinct in layout from other trucks around the world.

E

very quarter we bring to you this quiz column which empowers you with knowledge and engages you differently.

Please mail your answers to mjpost@mjunction.in and you may win 250 straightline points.

Due to unavoidable circumstances, we are unable to declare the winner of this quarter. We will declare the winner in the next issue.

Following practice, the winner of this quarter’s quiz will also be decided after conducting a lottery among all-correct entries. The decision of the quizmaster will be binding and final in all respects of this quiz.

6. What is the new name of the Planning Commission?

7. Carl’s Jr, a brand endorsed by the likes of Paris Hilton, Kim Kardashian and Padma Lakshmi. It will soon enter India. What is its business?

8. Which new history and mythology channel has started with the tagline ‘Kahaniyan Hindustan Ki ‘?

9. Who established Rugmark (now known as Goodweave) as the first voluntary labelling, monitoring and certification system of rugs manufactured without the use of child-labour in South Asia?

The questions are as follows: 1. NourishCo was formed as a JV between which two companies?

2. Connect Agatha Christie to a village in Belgium (lying between Brussels & Lille) & a specific beer brand.

3. These founders of a company called up the Pope once pretending to be Henry Kissinger, by using a device they had created. Identify them.

4. This idea of a computer science engineer and hardware expert was turned down by several companies, saying that its hefty price tag would deter customers till Apple found interest in it.

This person wanted to build the “Dell of consumer electronics”.

Name him and the product he invented.

10. Which is the first railway station in India where wifi services have been started on a pilot basis?

The answers to last issue’s quiz are as follows: 1. James Cameron; 2. Garuda Airlines; 3. Fax; 4. IDFC & Bandhan; 5. Jaguar E Type; 6. Harvard Business Review; 7. Reengineering the Corporation: A manifesto for Business Revolution; 8. HMT; 9. BABA; 10. Smartphone

Compiled by Debashish Mukherjee of Corporate Accounts and Abhishek Kar of Technology

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Volume Vi | Issue IV | October-DecEMBER 2014

Debal Ray of mjunctionEdge takes the wedding vows with Manika K. Thiruvalluvan of buyjunction ties the knot with Kiruthika

Holy matrimony for Anisha Majumdar of buyjunction and Krishanku

Walking down the aisle: Sanjoy Gopal Singha of metaljunction with Suchandra

Beginning of a new innings for Sunita Yadav of buyjunction and Raj

Gallery

Sohini Banerjee of metaljunction has received a gold medal for Overall Academic Excellence for her two-year MBA programme from the Army Institute of Management, Kolkata, from the Lieutenant General of Indian Army ER. Congratulations to Sohini.

A drawing on Environment Consciousness

by Piyush Mitra, son of Rajkumar Mitra of Knowledge Management & Innovation Cell.

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Ten-year-old Piyusha Mukherjee, daughter of Debishankar Mukherjee of buyjunction, stood third at the All Jharkhand Music Competition 2014 organised by the Tagore Society, Jamshedpur, in December. Congratulations to her.

For Private Circulation Only  Regd. Office: mjunction services limited, Tata Centre, 43 Jawaharlal Nehru Road, Kolkata 700 071, Website: www.mjunction.in Corporate Head Quarters: Godrej Waterside, 3rd Floor, Tower 1, Plot V, Block DP, Sector V, Salt Lake, Kolkata 700091, Tel: +91 33 6610 6100, Fax: +91 33 6610 6187  CIN: U00000WB2001PLC115841

wedding bells