Mjpost, March 2015

January-March 2015 | VOLUME VII | ISSUE I

From the MD

D

ear junctionites,

If one were to look for the parameters for happiness, we would all have to scratch beyond the surface to arrive at ones which would be specific to us. What are the parameters that would count for a nation’s happiness? If one were to go by the parameters arrived at by the Sustainable Development Solutions Network (SDSN), a global initiative for the United Nations, India does look a very unhappy nation. SDSN took into account the per capita GDP, life expectancy, social support and freedom to make life choices as indicators of happiness while drawing up the 2015 World Happiness Report.

India has come in at 117 out of 158 countries, behind unusual and unexpected suspects such as Pakistan, Bangladesh, Iraq and Ukraine. Certainly food for thought on several accounts and perhaps a push to take hard decisions on a number of issues.

In fact, I have been attempting to make a point on rampant problems such as farmer suicides on several social media channels. Lack of sustainable methods of livelihood in rural areas cause despair and desperation, leading to such extreme steps. Even if they migrate, they do not have the required skill sets to survive in a city environment. I believe that building “smart cities” which would provide Employment, Productivity and Respect for Public Spaces is the need of the hour. I have written about this in considerable detail in an article which has been carried by Tata

World. The economic corridors the government is planning to set up which will house these smart cities is a step in the right direction and the only way such problems can be addressed. And see that we as a nation break in to the top 50 country’s in the next SDSN report.

Coming to ourselves, another financial year has gone by and mjunction is riding on its new business ventures, whether in tea, ocean vessel chartering or estimation and detailing. Of course our mainstays of e-selling and e-procurement continue to be our biggest strengths, which was tested by the highly successful e-auction of telecom broadband spectrum that we conducted for the Indian government over 19 days in March. It was a nationally significant assignment and I believe with the government’s focus on selling natural resources only through the e-auction route, this is really our time under the sun. e-auctions have traditionally been our forte and I think we have built heavily on this core competency over more than a decade.

Some of my senior colleagues and I spent two days drawing up our medium term and long term strategy. It was a successful meet and we decided to focus on “improved execution” at all levels in the company. I urge each one of you to make the best of existing opportunities and play a role in mjunction achieving its organisational goals.

In order to focus more on regions other than the east, which is our traditional stronghold, we had changed the organisational structure with regional managers posted at all regions. We are committed to that structure and we hold regional managers’ meets at regular intervals at our head office. We want to be as close to our customers in the north as we are to them in the east. We want to be aware of and awake to their pain points, their needs and their concerns. I also want to tell each one of you that whether or not we are in roles that require us to interact with our customers directly, finally we are all working for that common goal – to satisfy our customers, whether directly or indirectly.

Winning the Exemplary award for usage of Tata Innoverse for 2014-15 was a shot in the arm, especially since we had just about nine months to adopt it. Innovation, as you are all aware, is one of the cornerstones of mjunction’s philosophy and also one of its core values. mjunction’s birth was an innovation by itself and then it was innovation at every stage of our growth. It began with using a common technology platform for both e-selling and e-sourcing and then moving on to cleaning the mafia-infested coal supply chain through transparent methods. Tata Innoverse

was just a systematic process to drive innovation in all junctionites. All of you participated wholeheartedly and the award was a recognition of your efforts. Congratulations to all of you and may the spirit of innovation never die in all of us.

We held our 10th Movement for Efficiency & Transparency (MET) event at Hyderabad in association with NMDC. It was a hugely successful event and I am happy we are able to make a difference somewhere, even if it is just to capture mindspace of the relevant audience. Our next event is coming up in Bokaro soon and I am looking forward to being there for the second time.

I end with a little prayer for the earthquake victims of Nepal and a prayer of gratitude that all of us are safe.

Regards,

WHAT’S INSIDE CMA Corporate Leadership award mjunction conducts spectrum auction MD recounts CII-East FY15 highlights mjunction holds strategy meet BU performance highlights Mock fire drills at mj offices Client speak mj Sports Day 10th MET event held at Hyderabad Travelogue: Maldives Know your junctionite Branch office picnics mj Annual Day Gaining the ‘Edge’ Gallery Wedding bells Spot awards and new faces Quiz corner Innovative 100 award for mj

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Volume VIi | Issue I | January-March 2015

FROM THE

EDITOR’S DESK Being Human Dear junctionites,

But who am I to reach so high And who am I to raise my eyes Want to live I want to die I can’t do anything I’ll tell you why I’m the one who took a walk on the moon And I made the seven wonders too There is nothin’ that I cannot do Cause I am human There is nothing that I cannot be I’m the one who sailed the seven seas And I know that it is all in me Cause I am human.

Rod Stewart

M

r Viresh Oberoi has won the maiden CMA Management Excellence Award in the “Corporate Leadership” Category.

CMA conferred the honour on Mr Oberoi for his outstanding contribution and leadership in business and management. The award was a recognition of Mr Oberoi’s leadership abilities in steering a complete startup to India’s leading business process management company.

Some of the other winners were Mr Sanjiv Goenka, chairman, RP-SG Group, who won the award in the “Business Leadership” category and Mr Y.C. Deveshwar, chairman, ITC, who won the “Hall of Fame” award. Mr S.B. Ganguly, who has led several companies like Exide, Dunlop and Century Ply, was conferred the “Lifetime Achievement” Award.

CMA or Calcutta Management Association was instituted in 1957 to provide a platform to the management community where the most relevant and contemporary ideas can be conceptualised, formulated and shared. It is the oldest management association in the country.

We have all seen the obsession of Hollywood with a genre of movies where the central theme revolves around the world coming to an end. Be it an alien attack, or a natural calamity, or a giant astray asteroid, the whole world stands united in such moments of crisis when we don’t know whether there will be a day after tomorrow. When you watch from a distance, these movies seem to have an entertainment quotient, but very seldom you can connect emotionally with it.

So when Kolkata first felt the tremors of an earthquake in Nepal, it was different, it was not a part of a movie or news hour, the ground was shaking under our own feet. Furniture moving, staircase unnerving, even towers swaying…things that shake you to the core. This is how fragile and vulnerable we are to Mother Nature. While we are trying to evacuate our shelter, be it office or apartment, to go out in the open, we stand together helping each other. After making frantic calls to our immediate family, we make the calls that we were planning to make for months to our dear friends just to say “what’s up, how’s life” but never could because of our tight schedules.

mjunction signs three-year stores management contract with SAIL-ISP

We never even bother to smile at some of our colleagues or neighbours who we don’t need to interact with. But these challenging times bring out the human connect where we stand by each other, strong.

These lines by Rod Stewart have always inspired me. These lines have always reinstated in me the sheer power in being human. When the ground beneath you shakes and an unknown face out of nowhere helps you reach a safe zone – that is the sheer power of humanity. The inimitable force called humanity – that reigns supreme.

I request every junctionite to pray for Nepal and extend your help in such challenging times.

O

n February 25, mjunction signed a three-year contract with SAILISP to provide Stores Management service, a new service line designed by mj's Sourcing & Procurement vertical. The service aims to transform the existent disparate procedures within the clients’ stores function into an improved outcome-based process.

This is a significant breakthrough as mjunction can now replicate this service across other clients within and outside the SAIL fraternity. The expected "go-live" date of the project is April 1. The benefits that would accrue to ISP are: • Shortening of lead time to issue GRIN from time of delivery by suppliers; • Real time updating of inventory for simplified archival & retrieval of data/information.

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.

This success has been made possible by the sustained effort of the account management and service delivery teams led by Mr Arunava Mandal and Mr Sourav Dey.

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Volume VIi | Issue I | January-March 2015

mjunction conducts largest ever telecom spectrum auction in country

m

Application Security over and above data security with IT Act and CVC compliance required for running the auction. mjunction has been awarded a three-year contract for the e-auction of telecom spectrum in various bands. On completing the first auction, the mjunction CEO & MD Mr Viresh Oberoi said, “It was a privilege to work with GOI in the sale of this natural resource, adding value to their efforts and also ensuring that the participating telecom operators had a great experience. mjunction was the only technically qualified bidder for this auction. Once we were on board, we left no stone unturned in developing an efficient and transparent solution with all the required security systems that were needed for such a critical auction.”

junction conducted the e-auction of telecom spectrum in various bands over a period of 19 days beginning March 4, which lasted for over 115 rounds, and was arguably the largest ever telecom spectrum auction in India. mjunction was the only company which cleared the technical round and qualified for the financial bid opening in late November last year.

Eight telecom operators participated in the auction, out of which seven emerged winners. They are Airtel, Idea, Vodafone, RJio, RCom, Tata Teleservices and Aircel. Out of the 69 spectrum offerings over 22 telecom circles, 63 received bids, of which 50 were sold at a premium over the reserve price. In fact, the highest price gain over the reserve price stood at over 93%.

Out of the 470.75 MHz on offer, 418.05 MHz was sold.

A dedicated team worked 18 hours a day, on Sundays and public holidays, to ensure a seamless experience for the participants.

The auction of four bands was conducted in a single event, making it convenient for buyers to switch between bands in any of the rounds.

Thus it was a Simultaneous Multiple Rounds Ascending (SMRA) e-auction conducted for the four bands of 2100 MHz, 1800 MHz, 900 MHz and 800 MHz spectrum bands. In this method, all 69 offerings opened simultaneously, remaining open together and subsequently closing together.

When the auction event is open over multiple rounds, it increases the probability of an optimum demand-supply match based on market dynamics. Also, when it is ascending, the price can only increase, facilitating optimum revenue realisation in a fair manner.

Buyers were also provided two separate environments of the auction system prior to the actual auction for four days, in order to familiarise them with the system. In a simulation environment, all buyers conducted testing on this system for checking the auction methodology built into the system.

The auction parameters were set according to the bidders’ choice. In a mock environment, which was the actual auction environment, bidders checked their auction related data and conducted four days of auction prior to the live auction.

STQC conducted all testing and compliance audit such as functional testing, penetration testing, vulnerability assessment, network security and

Why auction spectrum Spectrum is a specific range of electromagnetic wave length, which is used in television, radio broadcasting, mobile communication and the Internet .

The term radio spectrum typically refers to the full frequency range from 3 kHz to 300 GHz that may be used for wireless communication.

Most countries consider Radio Frequency spectrum as an exclusive property of the state. The Radio Frequency spectrum is a national resource, much like water, land, gas and minerals. Unlike these, however, Radio Frequency is reusable.

In the past decade, telecommunications has turned into a highly competitive industry where companies are competing to buy valuable spectrum. This competition has been triggered by technological advancements, privatization, and liberalization. Mobile communication in particular has made many transitions since 2000, mobile technology has moved from second generation (2G) to third generation (3G) and is now in transition to fourth generation (4G) technology.

A spectrum auction is a process whereby a government uses an auction system to sell the rights (licences) to transmit signals over specific bands of the electromagnetic spectrum and to assign valuable spectrum resources.

With inputs from Atin Banerjee of Technology

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Volume VIi | Issue I | January-March 2015

MD recounts CII FY15 achievements in the east

T

he mjunction CEO & MD and erstwhile CII eastern region chairman Mr Viresh Oberoi said that 2014-15 was full of action for the eastern region, as he kickstarted the CII Annual Regional Meeting at the ITC Sonar in Kolkata on March 20.

Mr Oberoi shared with the audience the milestones achieved by CII under his leadership. He said that it has been an honour and privilege to lead CII in a mission that stands for “excellence, inclusive growth, social responsibility and all-round development.” He said job creation was a priority this year, and a plan was chalked out and implemented carefully throughout the region.

Mr Sumit Mazumder, CII President Designate, said that Mr Oberoi and his team have done a great job for the eastern region. He said that Mr Oberoi has contributed significantly to the success of CII as an organisation. He took the industry perspective at a time when there was a major shift in the states getting greater responsibility and greater funding.

Mr Rajive Kaul, the chairman of NICCO, said that Mr Oberoi has been in the forefront of all great initiatives undertaken by the eastern region during his tenure. He said Mr Oberoi had kept up a fast pace and that CII has benefited immensely from the effort that he has put in and the quality time that he devoted to the organisation.

An MoU was signed on CII-UNICEF CSR Hub for Private Sector in the eastern region.

A

t the sixth meeting of the CII Eastern Region Council, Mr Viresh Oberoi, the mjunction CEO & MD and chairman of CII eastern region for FY15, addressed a special plenary on Andaman & Nicobar Islands: Growth Opportunities, at Port Blair, on January 29.

Others present at the session were Md H Jadwet, Past President, Andaman Chamber of Commerce and Industry; Ms Rashmi Krishnan, Secretary, Department of Industries, Andaman & Nicobar Administration and Mr Utpal Sharma, Special Secretary, Department of IT, Andaman & Nicobar Administration. Later, a report on the Growth Opportunities in the Andaman & Nicobar Islands was unveiled. Those present at the unveiling included, among others, Mr T.V. Narendran, MD of Tata Steel, Lt Gen Ajay Kumar Singh, Lt. Governor, Andaman and Nicobar Islands and Mr Anand Prakash, Chief Secretary, Andaman and Nicobar Administration.

T

he CEO and MD of mjunction, Mr Viresh Oberoi, and chairman of CII eastern region for FY15, delivered a special address at the inaugural session of “Innovation 2015: Today & Tomorrow”, a conference organised by CII eastern region in Kolkata on January 22. Mr Masayoshi Tamura, General Manager of Software Group, Hitachi India Pvt Ltd, attended the conference along with other senior office-bearers of CII.

W

ith an objective to promote the eastern part of the country as a tourism hub, the fifth edition of CII’s Destination East was organised in Kolkata from February 1 to 7. Mr Viresh Oberoi, the mjunction CEO & MD, and CII eastern region chairman for 201415, inaugurated the event along with Mr Bratya Basu, Minister for Tourism, West Bengal, Mr A.R. Bardhan, Principal Secretary, Department of Tourism, West Bengal and Mr George Kuruvilla, Co Chairman, Tourism subcommittee, CII Eastern Region, & General Manager Oberoi Hotels & Resorts, among others.

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Volume VIi | Issue I | January-March 2015

M

r Oberoi, chairman of CII eastern region for FY15, was part of a panel discussion on IT and ITeS at Bengal Global Business Summit held in January in Kolkata.

The panel discussion was part of the second day’s proceedings on January 8, Mr Satish Chandra Tewary, Additional Chief Secretary, Department of Information Technology & Electronics,Government of West Bengal, delivered the welcome and theme address. The session moderator was Mr Ravi Gururaj, Chairman & Co-Founder, Frictionless Ventures Pvt Ltd. Besides Mr Oberoi, the other panellists were Mr Milind Kamat, Executive Vice President & Chief Executive Office Atos India, and Mr Sridhar Bakshi, VP & Eastern Regional Head, TCS.

T

he mjunction CEO & MD Mr Viresh Oberoi, is now co-chairman of the CII National Committee on e-commerce. He is also Member, CII Public Policy Council. Mr Oberoi was chairman of the CII eastern region in 2014-15.

CII eastern region undertook several initiatives for business development during Mr Oberoi’s tenure.

In his present capacity, Mr Oberoi will focus on the e-commerce industry in India.

T

he mjunction CEO and MD Mr Viresh Oberoi, and chairman of CII eastern region for 2014-15, delivered the welcome address at a seminar on Emerging Trends in Corporate Governance and Business Ethics on February 6 in Kolkata.

The objective of this seminar was to facilitate exchange of thoughts between the business leaders to better understand the challenges in corporate governance and business ethics.

The conference focused on issues like framework of Company Law, Corporate Fraud and Business Ethics.

T

he mjunction CEO & MD Mr Viresh Oberoi, received an award for his outstanding achievements in driving CII initiatives in the region, during his tenure as CII chairman eastern region, in 2014-15. Mr Oberoi received the award from the outgoing CII president Mr Ajay Shriram. Mr Oberoi is currently co-chairman of CII National e-commerce Committee.

T

he mjunction CEO & MD Mr Viresh Oberoi chaired a session on "Voice from the Top" at the Hyatt Regency in Kolkata on February 20, as part of Kolkata TiECON 2015, eastern India's largest entrepreneur's convention. TiE is the world's largest organisation promoting entrepreneurship, and has over 12,000 members spread over 18 countries.

m

junction's entry in Tata Innovista, “e-Marketplace for Money Market Instruments”, won the Regional Finals in Jamshedpur.

The team received the award from Mr T.V. Narendran, MD of Tata Steel, India and SE Asia.

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Volume VIi | Issue I | January-March 2015

I was able to see and describe the elephant in the room…

O

ur CEO & MD Mr Viresh Oberoi spoke to The Economic Times regarding his first year at work. We reproduce the interesting piece, which was carried in all editions of the newspaper.

The brief I was given and what I did in the first 100 days at work I joined Tata Steel at the age of 21 as a sales trainee in Kolkata. The first 100 days were spent in learning how steel is manufactured and distributed. More importantly, understanding the meaning of, “we also make steel”, what it means, how you embrace it and how you live it.

The worst mistake I made The only time I was reprimanded during the first year at work was when I stole a visitor’s chair from Russi Mody’s room to sit in a meeting in an adjoining room. As he was not in Kolkata, I thought this action to be fair, but this view was not shared by my administrative superior. I believe this led him to transfer me to Kanpur immediately which, for a bachelor in the late seventies, was quite a letdown from rocking Kolkata. However, my administrative superior did me a favour as I was able to learn the steel trade from a very difficult market at a very young age.

The best leadership lesson I learnt Russi Mody interviewed and selected me. With him, I was able to have the advantage of learning something new every day. There was something to learn from every message he sent out, every word he spoke and every action he took.

How I managed my work-life balance I really don’t understand what is meant by worklife balance. For if one were to accept that there is something such as work-life balance, then there should also exist something like play-life balance or eat-life balance. For me, work is very important in everyday life — as important as playing, eating and sleeping. It is important because I enjoy every moment of it. If I did not enjoy it, I would not do it.

My biggest innovation By the time I joined Tata Steel it was an 80-yearold company, a leader in its industry and looked up to by other companies, very much fixed in its ways, and proud of its heritage. Though I do not recall any major innovation I did during my first year, I believe I was a little more questioning of the norms than the others and able to see and describe the elephant in the room.

How I had fun at work learning something new every day. Not being an engineer, let alone a metallurgist, and working in a steel company, you can imagine that there is indeed a lot to learn. Tata Steel posted me to the most demanding centres of steel consumption, as also the most challenging and, therefore, my life has been full of learning every day.

The best friend I made on the job I do not recall any one best friend during the first year as I had come from Delhi to Kolkata to take up my first job. So I had many friends, everyone I met at work as also at play were inspiring, interesting and fun.

mjunction holds strategy meet

presented during this workshop which hinted upon the trajectories that the company might take in the future.

The highlight of the workshop was an evening with Mr T.V. Narendran, MD India and South East Asia, Tata Steel, who shared with the group his visions for TSL for this year. It came to light that TSL would be looking at leveraging the power of technology in multiple ways to increase efficiency. TSL would also be looking at new sectors like domestic house building to offer services and solutions, focus more on B2C sales, look at better sourcing opportunities from China, to name a few. Such an exposure allows mjunction to align its business strategy with the strategic direction of one of its biggest customers.

The charged-up team returned with a set of strategic objectives complete with action plans to drive them forward and a Strategy pledge to act as a constant reminder to work towards achieving the goals that have been set.

m

junction’s annual Strategic Planning Workshop was held in early April at the Tata Management Development Centre (TMDC) beside the serene Dimna lake at the outskirts of Jamshedpur.

This workshop was attended by our CEO and MD Mr Viresh Oberoi, along with members from the senior management and the department heads. The two-anda-half day workshop was wholly interactive with a lot of brainstorming that resulted in a host of strategic objectives being drawn out for the business units. A Corporate B-HAG (Big Hairy Audacious Goal) was also

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Volume VIi | Issue I | January-March 2015

valuejunction sells de-commissioned BALCO plant Bharat Aluminium Company Ltd (BALCO) was incorporated in the year 1965 as a Public Sector Enterprise by the Government of India and in the year 2001, 51% stake was divested to Sterlite Industries Ltd by the Government of India.

Major operations of BALCO are in the town of Korba in Chhattisgarh, whereas its mines supplying high grade Bauxite are situated at Kawardha and Mainpat. The smelter capacity (installed capacity 100 KTPA), based on Soderberg Process, is revamped to produce 345 KTPA through modern Prebake Technology and a new smelter of capacity 245 KTPA has been established in the year 2004. The smelter plants are supported by uninterrupted power supply through Captive Power Plants - 270 MW at Jamnipali, Korba and 540 MW at smelter site.

Strategy adopted by BALCO in selling their obsolete asset and the hurdles faced: BALCO wanted to sell their de-commissioned plant at Korba and the following were the hurdles faced by them: • Ascertain the present market value of the decommissioned plant; • Collating database of buyers for selling the de-commissioned plant; • Determination of right price for the plant through an efficient, transparent and costeffective mode.

Though BALCO made a dedicated effort to sell the plant through the offline mode, it was unsure about the price that was offered for its plant. It was then that it mandated valuejunction to sell it on its behalf. valuejunction devised the following strategy: • It began by carrying out a thorough inspection and making a detailed list of all inventory items in the plant.

• It then started a detailed study on valuing the assets of the de-commissioned plant and arrived at the present market value.

• Upon completion of the asset valuation phase, valuejunction received the go-ahead to sell the de-commissioned plant.

• valuejunction embarked on an extensive panIndia market making campaign and reached out to all potential buyers who would bid for the de-commissioned plant.

• Eligible buyers were shortlisted as per the criteria set by BALCO and they were allowed to inspect the de-commissioned plant.

Details of the auction An online auction to sell the de-commissioned plant was conducted where all the shortlisted eligible buyers actively participated. valuejunction adopted the Multi Variable Bidding (MVB) strategy and achieved the best price for the client through this auction.

Outcome The de-commissioned plant at Korba, Chhattisgarh was finally sold at a price of Rs 61.3 crore, a premium of about 16.35% over the client’s expected price.

buyjunction does total refractory management solution for Bokaro Steel The Total Cost of Ownership (TCO) for the refractory industry is often termed by industry leading suppliers as Total Refractory Management (TRM). In this system, the client informs suppliers about the total production it plans to carry out along with the allowable downtime for conduct of repairs for its equipment. It becomes the responsibility of suppliers to custom design the offering, supply, install and supervise an optimum refractory solution which meets or exceeds clients’ requirements in terms of production volume (throughput) and equipment availability. This system/contract is based on ‘per ton’ production of hot metal.

This kind of arrangement results in a ‘winwin’ deal as the client does not need to keep a team of refractory experts and the suppliers find it convenient to draw up better production plans.

SAIL Bokaro Steel (BSL) mandated buyjunction to carry out the negotiation for two sets of trough and runner castable for initial installation and 30 sets for major repairs on supply and application basis. This was a long term contract with a guarantee of 4 million tonnes of hot metal throughput.

The client’s objectives were to: • Enhance competition through introduction of new credible and competent suppliers from across the world in this global tender, who can supply the material as per specification; • Obtain cost reduction from estimate through competition in a transparent way.

Challenges It was a challenge to find too many suppliers with proven record of supply since TCO/TRM still a rather new concept in India for refractory sourcing.

The supplier base with capability and past experience of supplying material on TRM basis and hence meeting the strict eligibility criteria set by client was limited. There was also no evaluated supplier base from the client’s side.

Another challenge was the time constraint, where the client needed to finalise the contract at a very short notice.

Strategy adopted buyjunction succeeded in adding new eligible suppliers with previous experience with other large integrated steel plants, after conducting due diligence in terms of capability and capacity.

It implemented a focused plan to achieve the objectives of client and closely engaged with the suppliers throughout the sourcing process.

After zeroing in on the suppliers, it imparted rigorous training to eligible suppliers to ensure an error-free online event. It then adopted the best negotiation strategy – sealed bid followed by reverse auction – to generate competition and obtain savings.

Outcome The total value of transactions of the online event came to Rs 26.43 crore. The client obtained a 13% reduction from the benchmark price.

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Technical evaluation of logistics service providers done for TSL Tata Steel Limited (FAMD) is the market leader in ferro chrome in India and is among the top six chrome alloy producers in the world. It is also the leading manganese alloy producer in India and is a leading supplier of dolomite and pyroxenite.

The main objective of this project was: • Sourcing, developing and evaluating new trustworthy logistics service providers (LSPs) especially for critical sectors such as Jamshedpur, Odisha, Jharkhand, West Bengal and Chhattisgarh regions.

• Defining standard parameters and establishing benchmark ratings for proper technical evaluation of TSL’s existing as well as new LSPs. The project had its own challenges, some of them being: • Designing RFI format based on client’s expectation and collecting mandatory data from LSPs. • Designing format for technical evaluation and benchmarking the standard scores and ranks.

• Identification of new trustworthy LSPs to cater to the client’s needs in critical sectors. mjunction designed a solution keeping in mind the challenges, by which it: • Identified the industry best standard parameters and designed new RFI as per client’s expectations.

• Identified the industry best standard KPIs and designed the technical evaluation format so as to capture data and arrive at benchmark ratings of LSPs. • Initiated a comprehensive vendor search and sourced new LSPs based on the client’s taste. mjunction did the technical evaluation for a total of 22 LSPs out of which 16 were the client’s existing LSPs and six were new proposed by mjunction. After analyzing the technical evaluation matrix, the client selected two new LSPs from the vendor panel suggested by mjunction. The successful venture was highly appreciated and acknowledged by the client.

financejunction signs channel finance agreement with Tata BlueScope through Axis Bank Tata BlueScope Steel is an equal joint venture between Tata Steel and BlueScope Steel, Australia. The company operates in the SAARC region in the field of coated steel, steel building solutions and related building products. financejunction has signed up for dealer finance facility to dealers, distributors and other channel partners or authorised distributors of Tata BlueScope Steel.

This service is offered in association with Axis Bank. The objective of the channel finance service is to enable the client organisation to sell to their distributors and dealers on cash basis and eliminate debts.

Currently, the overall limit of the scheme is Rs 50 crore.

Volume VIi | Issue I | January-March 2015

coaljunction was born on a Delhi-Kolkata flight

e

-auction of coal was an innovative solution which was born more out of identified opportunity and a need to diversify rather than a business challenge.

It was a time when both e-selling of steel as well as e-procurement of goods and services had taken off and metaljunction. com was looking for opportunities of diversification.

At this juncture, the founder CEO and MD, Mr Viresh Oberoi, once met the then chairman of the Bharat Coking Coal Limited (BCCL) Mr P.S. Bhattacharyya, on a flight from Delhi to Calcutta. This chance meeting led to the conception and birth of coaljunction, the business unit which conducts e-auction of coal.

In Mr Bhattacharyya’s own words, “I met Viresh Oberoi on a flight and we talked. I mentioned to him that after joining BCCL in 2003, I had found that the production had been falling since 1998 at the rate of 1 million tonnes per annum. The annual losses hovered around Rs 600 crore, out of which Rs 300 crore were cash losses. As a result, in

the last five years, the losses had amounted to Rs 3,300 crore, including Rs 1,800 crore cash losses. The company was paying only net salaries to employees.”

“The difference between the notified price for coal and its actual market price was being misappropriated by a chain of middlemen.

“When Viresh expressed willingness to help, we quickly had a meeting with the dynamic Secretary, Coal, Mr P.C. Parakh, who understood our proposal and supported us. Thereafter, special approval was obtained from the Prime Minister’s office for e-auction as a trial, and ever since then, the policy has been adopted and implemented.”

Recollecting how it all started, Mr Oberoi said, “As part of our strategy for diversification, we were always looking at all possibilities after metaljunction.com was fully established. We considered selling paper, aluminium or other non ferrous alloys also. We found that we could add very little to their existing process since the selling cycle time for these commodities was very

Mock fire drills at headquarters and all branch offices Rourkela

short and prices of these commodities were already known. Then the opportunity to help the coal industry arrived when I met Partha. coaljunction was conceived during a flight.” coaljunction’s objective was simple. It wanted all coal consumers to have equal opportunity to buy coal. On the other hand, the client, the coal companies, wanted the sales process to be free of the shackles of middlemen which did not allow for optimum price discovery.

For the last 10 years, this process has reaped tremendous benefits for the entire coal supply chain.

(Reproduced in parts from “Intrapreneurs@ mjunction,” published by Rupa)

Jamshedpur

Durgapur

Bhilai New Delhi

Burnpur

Bokaro

Kolkata

Chennai

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Volume VIi | Issue I | January-March 2015

We would like to thank the entire mjunction team, especially of Jamshedpur, for providing excellent support in FY15, enabling us to meet its objectives.

Some of the key achievements are the highest ever annual sales of HR/CR, Tubular Scrap and Coal Tar, and best ever monthly sales of pooled iron and sinter grade scrap.

Sanjay Mohan Srivastava Head By-Products Sales (Steel), Industrial By-Products Management Division, Tata Steel, Jamshedpur

Client Speak

We have been able to achieve the best ever revenue of Rs 128 crore, from coal tar sales in FY15.

Considering the volatility in the market, drop in demand resulting in plummeting prices, and no internal consumption for a long period, this is a fairly good achievement.

This achievement would not have been possible without support from the mjunction team, so I take this opportunity to thank you all for your prompt support.

Ritesh Kumar Manager By-products Sales (Steel), Industrial By-Products Management Division (IBMD), Tata Steel, Jamshedpur

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.

I would like to place on record the support that I have received from metaljunction in all respects. Kudos to mjunction for great customer service.

Sumit Kanoi Director, Suneri Steels P. Ltd. Head Operations, Rashmi Metaliks, Kolkata.

I would like to appreciate the commitment shown by mjunction and especially Mr Vikram Prasad in streamlining the Waste Oil business with CFT approach.

Anil Kumar By-products Sales (Steel), Industrial By-Products Management Division, Tata Steel Limited

The last financial year was really exceptional in terms of service support that was provided by the mjunction branch in Jamshedpur. MJ. Throughout the year, lifting compliance was 100% month over month which resulted in better satisfaction for all our customers and other stakeholders.

The support provided by you at the execution level in Jamshedpur really exceeded expectations in every way.

O.P. Rao Divisional Manager, Scheduling & Logistics, TSPDL, Jamsehedpur

I would like to thank Mr Dipak Biswas of mjunction’s Jamshedpur office who has always facilitated smooth transaction of business for us.

Looking forward to a continued relationship with mjunction.

Vipin Sahni Proprietor, Sahni & Sons

We have despatched around 3000 tons from Central Hub (Domestic Yard 031) on account of Seconds and Auction Material. These despatches have been possible on account of mjunction’s continuous support and help.

Jitendra Jena Senior Manager, Central Hub (CSD), Tata Steel Flat Products

I would like to express my heartfelt thanks to Mr Dipak Biswas for his active involvement and support in Tata Steel auctions.

Amit Kumar Business Manager, R. S. Bokaro Metal (P) Ltd., Bokaro Steel City

mj in the news

9

Volume VIi | Issue I | January-March 2015

mjunction celebrates Sports Day

O

n a pleasant Saturday morning on February 7, when Kolkata was just about to bid farewell to the winter chill, mjunction organised its Annual Sports at the Gitanjali stadium. The three teams – Transparency, Innovation and Efficiency – ran, hopped, walked and pulled for the top spot.

There were separate events for children of all age groups.

Finally team Transparency was declared the champions and team Innovation the runner up at the colourful event. Mr Vinaya Varma, vicepresident of mjunction, hoisted the flag and declared the sports event open. The mjunction CEO & MD Mr Viresh Oberoi and Dr Tehnaaz Dastoor gave away the prizes.

10

Volume VIi | Issue I | January-March 2015

10th MET event held in Hyderabad T

he 10th event of Movement for Efficiency and Transparency (MET) was held on 28th March, 2015 at Taj Deccan, Hyderabad in association with NMDC and supported by the Vigilance Study Circle (VSC), Hyderabad.

MET, a brainchild of mjunction’s founder CEO and MD Viresh Oberoi, was conceived with the objective of providing a common platform to people who have made a mark with their work in public life. A select audience ensures that the work is not only appreciated, but stands a chance of being replicated. The speakers share their success stories as well as their ideas and plans for the future. They give the audience a glimpse of how efficiency and transparency can help pave the way for inclusive and sustainable growth through their own exemplary efforts.

Mr Viresh Oberoi, founder MET and MD, mjunction, welcomed the audience and shared with them why he started this movement. He said that mjunction is committed to the cause of efficiency and transparency.

Mr Narendra Kothari, CMD NMDC, applauded mjunction for taking up this noble cause. He said that he believes that efficiency and transparency hold the key to success and accountability of projects undertaken by any organisation.

The event saw four change agents sharing their stories. They were: • Ms Gloria Benny, Co-founder and Director of Research and Impact Evaluation team in Make A Difference, an organization of young leaders working towards ensuring better outcomes for children living in orphanages and street shelters across 23 cities in India; • Mr Sumit Singh Gandhi, Founder of Sounds of Silence Foundation, India's first technology based NGO, empowering hearing impaired individuals overcome the barriers of communication; • Mr Vinayak Lohani, founder of Parivaar, an organization which runs a free residential institution for destitute children in West Bengal; and • Ms Vibha Tripathi, MD & Co-founder of Swajal, an innovative concept developed

by VS Saurya EnerTech, an ISO 9001 certified company incorporated in 2009 by senior technologists to provide services and products in the area of solar and clean technologies by developing solar-based smart solar purification machines.

A large audience of more than 180 people from the Corporate, PSU, leading B-Schools like IBS, reputed academic institution like TIFR, local NGO, media etc listened to the stories of these change agents.

The highlight of the event was a panel discussion on the topic ‘Efficiency and Transparency: The Key to an Ever Flourishing Society’. The discussion was moderated by Mr Oberoi, and was participated in by the four speakers as well as Mr Kothari. It was followed by an enriching question-answer session.

For the first time a workshop on “Transforming Business through e-commerce” was organised in the morning. There were three panels on: - “Enhancing revenue and efficiency through e-selling” chaired by Mr Vinaya Varma, Vice President, mjunction; “Efficiency and Transparency in e-procurement” chaired by Mr Indranil Chaudhuri, Head, Sourcing & Procurement and “Role of Vigilance in e-selling & e-procurement”.

More than 160 people participated at the event from organisations like NMDC, BEML, ECIL, SBI, PGCIL, State Bank of Hyderabad, Bharat Dynamics Limited, Hindustan Aeronautics Ltd, MIDHANI, TATA Projects, Tech Mahindra and HBL Power Systems, among many others.

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Volume VIi | Issue I | January-March 2015

Of beaches, reefs and dreams Sagarika Bhattacharya of coaljunction visits Maldives and gets mesmerised by its pristine beauty

A

quiet beach, the soft coastal wind and the vast expanse of a majestic ocean with your soulmate by your side indeed make for a heady combination. My journey as a new bride began with this combination in the exotic island nation of Maldives. An archipelago nation of 1,190 islands in the Indian Ocean, Maldives is known for its natural pristine beaches and island environment. It is also known as one of the world’s richest diving coral reef areas as it has a breathtaking formation of over 3000 coral reefs.

A tour operator customised a vacation package for us and as soon as we got over the euphoric but tiring wedding festivities, we headed for Male with a half day halt at Kochi. Kochi was breathtaking, with its beautiful beaches and backwaters.

The Male airport, built on an island, took our breaths away. From there, a 45-minute drive to our resort on a speedboat was thrilling as it was 2.30 in the afternoon, a time of high tide. The bumpy ride ended into a fairy-tale. As we stepped on a kilometre long jetty which led to a stunning beach resort, we were welcomed with exotic mocktails and refreshing towels.

As soon as we stepped onto our resort island, we experienced an overwhelming sense of calm and tranquillity. The stresses and pressures of modern life instantly became a distant memory enabling us to totally relax, rejuvenate and unwind like no other place. The resort combined the isolation of being

nestled on the equator in the Indian Ocean and the comfort of modern facilities and technology with one core purpose; to guarantee that the guests experience the most relaxing perfect holiday anywhere in the world and they did that perfectly. The check- in process was swift and soon we were left all by ourselves.

It did not take us long to realize that it was a perfect destination for the romantic getaway. Our joy knew no bounds as soon as we stepped into our beach villa. The unobstructed and striking views of the ocean from various sides of the rooms added to a kind of unexplained freshness. The beach villas extend to the sandy shores. Each villa had its own private beachfront.

We eagerly researched all activities worth trying out – dolphin safari and night fishing, scuba diving and snorkelling – and quickly we chalked out a plan including all of these and more. The white sandy beaches and crystal clear waters, a world away from the clutter of modern life but truly connected with the rest of the world.

Ever since I saw Zindagi Na Milegi Dobara which showed the lead actors enjoying scuba diving, I had dreamt of trying it out. This dream was to come true on this trip, very thoughtfully planned by my husband. The experience lived up to my expectations and more, and a dive among the beautiful, vibrant reefs was an experience that we still relive from time to time.

We spent the mornings lazing around the island, trying out various water activities like riding water bikes, snorkelling with occasional dips in the blue waters while the evenings were reserved for strolls on the jetty as we watched the sunset together.

Snorkelling was fun and scuba diving was exotic. The dolphin safari was also a treat. At dusk, it felt as if nature was playing with the colours of the setting sun just to ensure that we remember the day, the moment, for the rest of our lives.

Night fishing, exotic gastronomic experiences, karaoke sessions and live bands made the trip interesting and exciting.

A dinner under the stars with the occasional flicker of candle light to bring us back into the real world, a daring getaway to a nearby uninhabited island all by ourselves for half a day, or just lazing around in our villa or simply watching the endless turquoise waters while being treated to a spa treatment; it was about all this and much more.

As we turned for our way back home, it was like a trip to paradise and back.

Ex-junctionites write in…

m

junction has always valued its ex-employees and genuinely believes in “Once a junctionite, always a junctionite.”

One way of engaging with its ex-employees is sending them a copy of mjPost every quarter. We have been receiving gracious letters from some of them for quite some time now, and therefore, decided to turn this into a regular feature.

We reproduce two letters this time. Please do write to us at mjpost@mjunction.in. We look forward to hearing from you.

Thank you for the copy of mjPost, receiving which really makes me feel that I am an integral part of the organisation. It was really great to read about the launch of “Intrapreneurs@ mjunction”. It was really necessary to capture the journey from metaljunction to mjunction.

Mr Oberoi has taken CII to a new height during his tenure as eastern region chairman and has set a benchmark for the future leadership. I would like to congratulate him for an eventful year.

I would also like to congratulate each and every junctionite for the success of the ejunction movement. It gives me great satisfaction that I am still able to be associated with ej through the Hemchandra Library Centre.

Subhro Banerjee

I left mjunction a few months ago and while I have settled down in my new organisation, I would like to express my gratitude to mjunction, which has equipped me with the correct skill sets, which has had an overall impact on my professional outlook.

I cherish the time I have spent in mjunction and will always remain very proud that I belonged to mjunction.

Puja Chakraborty

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Volume VIi | Issue I | January-March 2015

KNOW YOUR JUNCTIONITE I have been in mjunction since: April 2009 The three words which describe me the best are: Friendly, Cheerful, Simple My childhood was spent at: Chinsurah My major in college was: Accountancy If I was not working at mjunction, I would be: A photographer My favourite movie is: Taare Zameen Par My favourite singer is: Jagjit Singh, Kishore Kumar, Lata Mangeskar My favourite food is: Pizza

My favourite sport is: Football My favourite book is: Feluda Somogra If I could have tea with a fictional character, it would be: Feluda My dream travel destination is: Ladakh The three things I would definitely do on an ideal day are: Photography, surfing Internet and spending time with my daughter My family consists of: My parents, wife and my daughter The most important event of my life so far is: Receiving the Young Materials Management Award at Science City Auditorium

My childhood was spent at: North Kolkata My major in college was: Information Technology If I was not working at mjunction, I would be: A teacher My favourite movie is: Zindagi Na Milegi Dobara, Barfi

Rajashri Saha I have been in mjunction since: 2008 The three words which describe me the best are: Reliable, Sensible, Hardworking

My favourite singer is: Shreya Ghosal, Shaan My favourite food is: Chinese cuisine My favourite sport is: Cricket

My favourite sport is: Tennis

The three words which describe me the best are: Straightforward, genuine, delightful

My favourite book is: Ramayana

My childhood was spent at: Jamshedpur

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

If I was not working at mjunction, I would be: A builder My favourite movie is: Shankarabharanam My favourite singer is: Kishore Kumar My favourite food is: Bengali Pulao

If I could have tea with a fictional character, it would be: Feluda My dream travel destination is: Greece The three things I would definitely do on an ideal day are: Waking up late, cooking, watching movies My family consists of: Husband, my 1 year old daughter, parents and in-laws The most important event of my life so far is: Giving birth to a cute little angel, my daughter

My favourite book is: Pather Panchali

I have been in mjunction since: September 2008

My major in college was: Science

Sudip Sanyasi

My dream travel destination is: PARIS The three things I would definitely do on an ideal day are: Thinking innovatively, meditating and listening to music My family consists of: My wife, two daughters and a son

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P Sriram Patrudu The most important event of my life so far is: Joining mjunction within 8 years of leaving Tata Steel

Volume VIi | Issue I | January-March 2015

Branch offices go picnicking

J

unctionites at all branch offices organised picnics at their respective cities, which was attended by their spouses and children. The winter months were the best time to go for picnics and all branch offices took this opportunity for a day of fun and entertainment. It was the perfect day to unwind from the rigours and stress of daily work.

The Delhi branch chose the Pratapgarh Farms, which was designed like an ethnic village, and the food served was also in true desi style. Different games were organised as part of the daylong activities.

Junctionites at the Burnpur branch went to Bathanbari, which is an ideal picnic destination. Located on the Bengal-Jharkhand border, its main attraction is River Damodar. At Bathanbari, stored water of Maithan Dam has created a huge lake with hills of the Chhota Nagpur plateau in the backdrop. The greenery of the hills, crystal clear water of the lake and the eucalyptus trees make the place magical.

After breakfast on January 31, some of the people went for trekking at the Chhota Nagpur plateau hill. It was followed by a round of boating to an island called Sabujdeep.

Good meals and some dancing made the day good fun.

Junctionites at the Mumbai office had their picnic at Villa San Lawrenz in Lonavala, at the old MumbaiPune highway, which was a two-hour train journey. A game of cricket, a refreshing

swim, tambola and sumptuous meals made for a really enjoyable day.

The Rourkela and Durgapur branches chose the Pitamahal Dam and the Durgapur Troyka Park respectively as the venues. The Bhilai branch went to the Nagzira Wildlife Sanctuary.

The Jamshedpur branch organised a picnic at the Horticulture Area, Jubilee Park, where 70 junctionites along with their family members participated. A game of Dumb Charades, Bulls Eye (Hit the wicket) & Singing competition leant colour to the event.

The team had also invited a few key clients from the IBMD & Procurement division, Tata Steel. They not only shared their experiences but also participated in the games organized as fun activities.

The Bokaro branch organised its picnic at the City Park, Vanbhoj.

Sumptuous meals, games and boating made for a wonderful occasion.

The Chennai branch held their gettogether party at the Hotel Radisson Blue Egmore.

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Volume VIi | Issue I | January-March 2015

Music and gaiety on Annual Day

m

junction's Annual Day was celebrated on February 14 at the City Centre Royal Bengal Room in Kolkata.

Cultural programmes, cocktails, dinner and dance made up a colourful and musical evening. The mjunction CEO & MD Mr Viresh Oberoi recognised junctionites who had served the company for 10 years as well as 5 years.

10 years

Ashok Kumar Roy Atin Banerjee Bijay Panda Chinmoy Barman

5 years

Abhishek Kar Abhishek Sen Archi Choudhury Capt Rama Shankar Debashree Sengupta Debishankar Mukherjee Deepyaman Chatterjee Dibyan Mukherjee Dola Das Gautam Rakshit Harjinder Singh

Junctionites attended the event in large numbers along with their spouses. The spouses were also invited on stage alongside the junctionites to collect the “Long service” awards from Mr Oberoi.

Deepak Bhattacharyya Manish Mathur Sanchita Bandyopadhyay Tapas Chakroborty

Richa Khanna Jamsheed Hosi Rimi Ghosh Daver S. Raghavendra an Zam if K Md Han Samrat Moulik K Padmashree Shiladitya Saha K. Sivakumar Shivani Dwivedi dy Kaushik Nan Snehasish Banerjee M K Badrinarayan Manish Nandwana Sourav De Sourav Dihidar Naaz Ansari Subhajit Dutta pak Dee ant Nish Subrata Saha Payel Misra Sujay Dhar Rajashri Saha Sunil Kumar ll Rajat Dha Randhir Kumar Karn Choudhury

Gaining the “EDGE”

….if only we knew what we know….

As a conglomerate of over 100 companies that maintain leading positions in their respective industries, the Tata group has within itself an amazing treasure trove of knowledge and experience. Many business practices in the various group companies can be considered as good and best practices and hence hold the potential of being “promising” practices that hold value for other Tata companies. To encourage sharing & proliferation of such practices, TQMS has setup the Promising Practices initiative, driven by Tata EDGE. This initiative will enable Tata Companies to get access to cutting-edge processes and practices deployed by companies, allowing them to improve their process and achieve business success. Every month, promising practices are invited from companies on different topics. Practices are also received from companies as part of TBEM assessment. Individual employees are also encouraged to report good practices in their organization / area. The same are moderated by experts, post which the same are uploaded on the portal.

Knowledge Management Awards Till now, more than 180 promising practices have been posted, which have received 500+ likes and comments by the 8850+ registered members (Tata group employees).

Month Category Winner In addition, EDGE also includes Communities of Interest - a platform for Tata Best Knowledge Contributor Indranil Karak professionals in various domains to blog, share content, post questions, participate in February Best Knowledge Seeker Abhishek Sen a discussion, make business contacts and establish themselves as experts. Also there is provision of Q&A’s in areas of work and section for videos of practice owners. Tata Best Knowledge Contributor Abhishek Kar March EDGE is available at mjunction via link in MyPortal. This is integrated via single sign-on, Best Knowledge Seeker Suman Mallik hence no login/password is necessary.

Innovation Awards

February

January

Month

CHALLENGE POSTED BY / CATEGORY Ascertain & monitor unstated needs of Finance Junction our Channel Partners and Customers Innovative Gifting Ideas for Channel B2C Partners and Influencers Most Active User Engaging for the Future

HR

WINNER Indranil Karak Sibi Roy (Tata Communications) Arpan Ganguly Shruti Saxena

Most Active User

Suman Mallik No winner for March

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IDEA / CONTRIBUTION Idea & Needs survey amongst Dealers & Distributors and benchmarking with competition Innovative Gifting Ideas – Level 1, 2 and 3 Employee Satisfaction Survey – The Servqual model

Volume VIi | Issue I | January-March 2015

Gallery

“The Umbrella”, by Anurag, son of Nirmalya Ghosh of buyjunction

Four-year-old Avantika, daughter of Srijan Datta of coaljunction, danced to Rabindra Sangeet at the DumDum Nritya Utsav in January

“Peace of Mind”: Pastel printing by Sukhen Chowdhury of Administration “Panorama”: by Sudipta De Sarkar of Corporate Marketing

“Autumn Beauty” at a small Eastern Railway halt in Burdwan district by Raghunath Banerjee of Transaction Processing

Debadrita, the 6-year-old daughter of Debmalya Dey of the Corporate Customer Support team, performed in “Budding Flowers,” inspired by the Uday Shankar style of dance

“A Feeling of Green”, from the lens of Priyanka Biswas of buyjunction

Sandip Samajder of Procurement clicks a bird’s eye view from the mjunction office in Kolkata

Mayank Tiwari of buyjunction captures nature at its best

The mesmerising Sleeping Budhha of Sandakphu: By Avijit Bose of metaljunction

“Nature’s Bounty”: Captured by Sourav Chakraborty of buyjunction Vizag & Araku Valley by Sumit Chakraborty of Transaction Processing

“Woman Power”: By Avik Paul of buyjunction

Glimpses of Egypt by Debalina Chakraborty, Executive Trainee

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Volume VIi | Issue I | January-March 2015

wedding bells

Congratulations to all the newlyweds of mjunction as they embark on this journey of a lifetime of togetherness

Debipriya SenGupta of straightline & Debanjan

Dipankar Das of buyjunction & Jhuma

Chandrajit Chakraborty of Legal & Compliance & Debika

Mumtaz Ahmed of buyjunction & Ishita

Sagarika Bhattacharya of coaljunction & Arunava

Sumit Chakraborty of Transaction Processing & Ranjita

Sohini Banerjee of metaljunction & Dhiraj Biswajit Mondal of Incubation Cell & Mousumi

Sourav Bhowmick of financejunction & Arijita

Saumyabrata Paul of Corporate Accounts & Ishita

Sabyasachi Poddar of Corporate Accounts & Indrani

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Rudra Prasad Nag of financejunction & Sushmita

Volume VIi | Issue I | January-March 2015

mjunction takes out tableau on Tata Steel Founder’s Day

O

n the Founder’s Day on March 3, mjunction took out a tableau at Jamshedpur. The Jamshedpur team participated in the parade, commemorating the 176th birth anniversary of JN Tata. The theme of the event was “Unfolding a new story”, where mjunction showcased its new businesses like teajunction and ocean vessel chartering. It created a 3D float for the first time and it was well appreciated by senior Tata members present at the venue.

Group Chairman Mr Cyrus Mistry, along with the Group Executive Council members, and other senior members from the Tata Group were present at the event.

Abhinav Bhardwaj Abhishek Samanta Abhishek Srivastava Ajay Saxena Amit Kumar Shaw Anukur Bikash Maiti Anup Chand Lal Ashok Kumar Raj

Avishek Majumdar Basant Kumar Saw Bhrigu Nath Pandey Bikash Khanna Chinmaya Behera Debasish Banerjee Debasish Dam Debasish Ghosh

Deepak Kumar Dhiranjan Roy Dipesh Kumar Mishra Dwaipayan Roy Gopal Rudra GS Suresh Babu Harsh Khanna Jai Mohan

Jaydev Jana Jhasketan Padhan Ketan N Indulkar Kingshuk Banerjee Kishore Chandra Beura Kulkant Shukla Leo Kumar Rout

to the mj family Jeetender Joshi

Debojit Saha Dilip K Singhal Goutam Das Mohammad Feroz* Pradipta Chakraborty Saumyabrata Paul H1 & H2 business unit & H3 projects Gopal Krishna Sharma Pradeep Kumar Mohapatra Satyesh Kumar Singh* internal audit Biplab Lahiri Moutushi Roy MD office Rabindra Prasad

financejunction Joyotpol Paul* Rudra Prasad Nag* Shamim Ahmed* Shruti Saxena* Sourav Bhowmick* Subarna Gupta Subhashish Mukherjee*

Satadru Chatterjee Satyajit Panda Somsubhra Roy Sourav Sarkar Srivatchan Narasimha Raghavan Subhasish Mukherjee Sumit Kumar Gupta Suneet Pandey Supriya Kumari Surajit Ghosh Suranjan Mullick Ujjal Halder Upasana Ganguly Vinod Kumar Yadav

Spot Awardees for Jan–Mar 2015

COMST

corporate accounts & finance

Madhab Purkait Manas Bhadra Marion Carvey Md Saleem Raza Md. Shahbaz Akhtar Md.Maqsood Alam P. Peter Raj Papiya Banerjee Pradeep MJ Pratap Singh Pratik Kundu Prodip Biswas Sagar Mukherjee Samiran Nandy Santosh Kumar

technology

valuejunction Kulkant Shukla Raunak Bose Ritwik Poddar* Snehajit Das* Sourav De* Suranjan Mullick

incubation cell Chiranjib Dutta Chaudhuri mjedge (editorial) Pranab Kumar Chattaraj procurement Sudip Sanyasi

metaljunction Harjinder Singh K Suresh K. Sivakumar Kamlesh Kumar Ghode Raghavendra Madduri Rakesh Kumar Singh S. Raghavendra Sanchita Bandyopadhyay Somnath Mukherjee Tania Chakraborti Tanmoy Ray Vinod Kumar Yadav

transaction processing Debashis Dutt

administration Dipak Barua Hari Ram Bari Jaydev Sen Rajkumar Bhattacharyay Rudra Prasad Lahiri Sakuntala Biswas Samrat Moulik Sayanti Pal Soma Gupta Saha Subrata Mandal Susmita Panda

Abhishek Choudhury Abhishek Kar Anew Nag Sarkar* Asif Jamal* Ayan Kumar Paul* Baishakhi Dutta Chinmoy Barman* Gaurav Biswas* Moshahar Bayen* Rajashri Saha* Sai Vedula* Saikat Barman* Sameer Ingole Sourav Dihidar* Srinjay Nath* Subhajit Dutta* Subhankar Gupta Sudipta Sen* Sujay Dhar* Sumanta Ghosh* Surajit Dasgupta

straightline

* indicates junctionites who have received the award more than once

18

Abhijit Banerjee* Abhilash Chatterjee* Debasish Chakraborty* Koustav Chowdhury Rituparna Mukherjee Rupak Chakrabarty Shahzada Sarfraz Alam* Subhau Bhattacharya Suddhasattwa Datta* Sudip Saha Sushil Kumar Rai

buyjunction Abhishek Samanta Amit Kumar* Anand Jha Arijit Ghosh* Arunesh Chakravarty* Ashok Kumar Bisoyi Avijit Pandit Ayan Pal* Barnali Chatterjee Bijay Panda Bingyasini Pradhan Chanakya Gupta Chandi Charan Debarati Bose Deepak Kumar Behera Harendra Kumar* Kanchan Majee Mithun Kundu Nandita Mitra Nilotpal Saha * Nitu Gupta Priyata Chatterjee* R Viswanathan* Raj Kumar Jha* Rajesh Jha Ramesh Singh

Saikat Das Sandeep Narnaware Sangrilla Mohapatra Saroj Kumar Anand Sharat Kumar Karn Sharmistha Mukherjee Paul* Siben Sarkar Sibnath Bera Sk Iftakar Ali* Snehasis Mohanty* Soumi Srimani Soumyashubha Ghosh Sourav Tiwari Srimani Mohapatra Subhankar Roy Subhra Sarkar Subhra Sarkar Suchitra Chatterjee Sudip Ranjan Giri* Sumant Kumar Choudhary* Susanta Kumar Pradhan Tushar Jana* Uday Anand* Uma R Vikram Verma*

Volume VIi | Issue I | January-March 2015

The newborns

oD+r ugha gj [kq'kh gS yksaxksa ds nkeu esa ij ,d galh ds fy;s oD+r ugha fnu jkr nkSM+rh nqfu;k esa fTkUnxh ds fy;s gh oD+r ugha lkjs fj'rksa dks rks ge ekj pqds vc mUgsa nQukus dk Hkh oD+r ugha lkjs uke eksckby esa gSa ij nksLrh ds fy;s oD+r ugha xSjksa dh D;k ckr djsa tc viuksa ds fy;s gh oD+r ugha vk[kksa esa gS uhan Hkjh ij lksus dk oD+r ugha fny gS xeks ls Hkjk gqvk ij jksus dk Hkh oD+r ugha iSlksa dh nkSM+ esa ,sls nkSM+s fd Fkdus dk Hkh oD+r ugha ijk;s ,glkuksa dh D;k dæ djsa tc vius liuksa ds fy;s gh oD+r ugha rw gh crk ,s fTkUnxh bl fTkUnxh dk D;k gksxk fd gj iy ejus okyksa dks thus ds fy;s Hkh oD+r ugha

Nilanjan Nandan of Internal Audit blessed with baby boy Mrinak

p Little baby girl Tripti for Dharmendra Singh of metaljunction

corner

Bhrigunath Pandey coaljunction

T

he quarterly quiz column is aimed at fuelling your appetite for knowledge, and it is heartening to see the response. So here we are with another edition of the quiz. Please mail your answers to mjpost@mjunction.in and you may win 250 straightline points.

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.

The questions are as follows:

1. Name the commodity that goes by the names Grandma Mary’s, Amish paste in the US and Vaishali, Best of All and Punjab Chura in India.

2. This person was declared by the Time magazine as the richest man in the world during the late 1930s. His fortune was then estimated at $2billion, which is equivalent to $230 billion today. As a child, he had insisted that a 400 carat diamond studded in his father’s shoes was made into a paper weight. Name him.

3. Toyota Etios, Tata Swach, KFC Krushers, Pepsi Kurkure and McDonald’s Aloo Tiki burger are products that reflect a new concept in business management. Name it.

4. Which airline achieved the distinction of being the world’s first all-jet carrier in the 1960s?

5. Which company’s mascot is Geoffrey?

6. Dharmanandan Diamonds won an auction & paid Rs 4.31 crores for India’s most talked about product. Which product is being talked about.

7. Whose signature does the one rupee note bear?

8. Which currency is used in the Flintstones?

9. On 19th March 2015 Apple replaced which iconic company on the Dow Jones Industrial Average?

10. What nickname has been given to the twin towers of Deutsche Bank Headquarters in Frankfurt?

The answers to last issue’s quiz are: 1. Pepsico & TATA Global Beverages 2. Ellezelles (Beer Brand + Hercule Poirot’s home town) 3. Steve Jobs & Steve Wozniak, using the Blue Box a device they invented for long distance calling.

4. Tony Fadell(IPOD) The winner of last 5. Globus quarter’s quiz is 6. Niti Aaayog 7. Burgers Biplab Lahiri 8. EPIC and of the one before that, 9. Kailash Satyarthi Amit Kumar 10. Chennai Central

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

19

Congratulations

Volume VIi | Issue I | January-March 2015

Junctionites cut

The album “Me & My Tagore – Amar Rabithakur”, comprising eight Tagore songs, was launched in Kolkata in January 2015. This is the first solo venture of Kallol Ghoshal of Technology. Known in the Bengali music circle for his melodious voice and vocal range, Kallol is an accomplished classical singer. This album, a collection of some rare Tagore gems, sees a classic mix of the usage of eastern and western instruments.

The album was officially launched on February 22 at Birla Academy by Prof. Sanjay Mukhopadhyay of Jadavpur University and Pandit Parimal Chakrabarty.

In this venture, Kallol has been ably supported on the guitar by Abhishek Kar of Technology, in what is his debut attempt.

mjunction won the Eastern Regional Finals of the IQuation Corporate Quiz 2015 which took place on 14th March at the ITC Sonar Bangla in Kolkata. More than 20 teams from various corporates like TCS, SAIL, SREI, Capgemini, etc. participated in the quiz. The event was hosted by veteran quizmaster Krishnendu Banik.

The mjunction team, which was represented by Debashish Mukherjee and Abhishek Kar, won this quiz for the first time.

Congratulations to the team!

Mahul Brahma, head-corporate communications and branding, was invited by the Entrepreneurship Development Cell of St Xavier’s College, Calcutta as a judge for “Publicani’ 15”, a mock IPO competition. Mr Brahma is an alumni of St. Xavier’s College.

MD addresses lady junctionites on International Women’s Day

mjunction won the Inc. India Innovative100 Award in the “Most Innovative Product” category. The nominated innovation was teajunction, mjunction’s online platform for sourcing tea.

The mjunction CEO & MD Mr Viresh Oberoi met all women junctionites at Kolkata’s Godrej Waterside office on the occasion of International Women’s Day on March 8. It was an interactive session, and a number of issues were discussed which primarily concerned women, their concerns, their workplace and empowerment issues.

The following are some key takeaways of the points made by Mr Oberoi at the session: • mjunction is an organisation which encourages positive discrimination

as far as women employees are concerned, and he would love to see the gender ratio favourably tilted towards women at 70:30 very soon; • He would like to see more women in senior and leadership positions at mjunction; • Work-life balance is very personal, as work is also part of life. It is important for every individual to achieve an overall balance and he believes this issue is gender neutral; • As far as work flexibility is concerned, different things work for different

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organisations and if there is a real need, flexibility should not be an issue; • There is a lot of potential among women in mjunction, and the opportunities are there for them to make the most of. mjunction will provide an enabling atmosphere for them to achieve their dreams.

There was a photo session with all women junctionites as part of the proceedings.

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

music album