MJpost, September 2016

April - September 2016 | VOLUME VIII | ISSUE II

mjunction welcomes its new CEO Mr Vinaya Varma took charge as Chief Executive Officer (CEO) of mjunction services limited on September 1. Mr Varma is one of the core members of the founding team at mjunction and has been closely associated with most significant ventures at the organisation for the last 15 years. He has held significant positions and portfolios at mjunction, and his last held position was that of the company’s Vice President. Mr Varma is a strong believer in the power of e-commerce and is committed to build efficient, effective and transparent supply chains.

Dear junctionites, As I begin my new innings at mjunction, I could not have perhaps asked for a better time. The company is on a roll right now and FY16 has ended on a significantly positive note, with both its topline and bottomline showing healthy growth. The mature businesses have consolidated their positions and new businesses are picking up pace really fast. We can also finally claim to be a true pan India organisation, with all regions contributing significantly to our revenue and our growth. With B2B e-commerce slowly and surely making its presence felt, mjunction is at the juncture of exciting times ahead.

However, in this euphoria, I want to sound a word of caution. Often the seeds of downfall are sown when the going is good and we cannot afford to be even slightly complacent at this point. mjunction has never rested on its laurels and it will not do so now. It has always stood for quality service and commitment to its clients and it will be unwavering in that respect.

While our mature businesses such as metaljunction and coaljunction have provided the

backbone of our performance over the years now, our emerging and nascent businesses have soared higher and higher each year. Thus, businesses such as tea buying and selling, online ocean vessel chartering and Aggregated buying of MRO items are just a couple of years old, but have ably provided the wind beneath mjunction’s wings.

requisitions as well as promises to our clients. Our platforms and applications should be more userfriendly and provide a superior experience to all our users. Our services should make our customers’ lives easier and smoother. The operations part should be hassle-free and last mile delivery should be an integral part of all our services.

Having said that, I believe the best is yet to come. Technology is changing every day and e-enabled services are penetrating every sphere of consumer life – of individuals and of businesses.

The B2B space is competitive, and by focusing on innovation, speed, capability building and customer centricity, we are well positioned to compete.

B2B e-commerce is also standing at a crucial juncture, and with customers looking for complete solutions, mjunction continues to walk that extra mile to give them a holistic end-to-end solution, giving them the optimum mix of offline and online solutions. Empowering them with knowledge and holding their hand till delivery – that has been mjunction’s mantra and will continue to be so.

e-commerce, undoubtedly, will remain one of the government’s focus areas as a means to root out corruption on one hand and to increase efficiency on the other. The role of technology will keep increasing and what we see today is a miniscule fraction of what is to follow in the next ten years.

The mood is upbeat and mjunction can only gain from it.

We have come this far by focusing on creating value for our customers and providing them a higher level of satisfaction. We will continue our focus on that, which should translate into a responsive help desk, timely execution of mandates and customer

Regards,

WHAT’S INSIDE mjunction ties up with Skynet...2 | mjunction wins BT CSR award...3 | mj in the News...4 | Farewell function...5 mjunction holds 10th coal conference ...6 | Young achiever award...7 | Client speak...8 Know Your Junctionite...9 | Spot awards...10 | Gallery & Quiz...11 | Festival de Cannes...12

Volume VIIi | Issue II | April-september 2016

mjunction ties up with Skynet in Bangladesh

FROM THE

EDITOR’S DESK Panta Rhei Heraclitus (c. 500 BCE - c. 475 BCE), the dark philosopher of Ephesus, had rightly said “The only constant is change.” Following in the traditions of the Pre-Socratic philosophers, Heraclitus expounded a physical theory of matter and the physical world much along the lines of Thales, Anaximander and Anaximenes, but took the ideas further in his assertion that “Life is Flux” or Panta Rhei in Greek, meaning everything or all things change. If one understands that change is the only constant in life then one will more easily recognize what Heraclitus is saying in his ‘obscure’ writings when he claims such things as, “The way up and the way down are one and the same.

Living and dead, waking and sleeping, young and old, are the same.” These things are the ‘same’ in that they are all subject to change, arise from one change to vanish into another and all things, constantly, are in flux and are, in that regard, the same.

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Philosophers, over centuries, whether in literature or in songs, have written about this flux called life and how change is an inherent part of our existence.

junction has signed an agreement with Skynet.com, a growing IT company of Bangladesh, to jointly provide Sourcing & Procurement, Selling, Gifting & Loyalty, and other such services to target organisations in Bangladesh. The agreement was signed between mjunction’s Head-International Business, Mr Anirban Sarkar, and Mr Asif Moyeen, Chairman & MD, Skynet.

The agreement is intended to leverage mjunction’s expertise in these services, along with Skynet’s presence and expertise in Bangladesh. mjunction and Skynet will engage in joint business development and implementation of services, as per the agreement.

Small wonder that the core leadership team of mjunction has chosen a suitable strategy for its growth, beating the industry in the dynamic B2B e-commerce sector, especially in this VUCA world. Even though the start-up team came from the steel industry, mjunction constantly tested its hypotheses and tweaked and changed its solutions based on customer feedback, making it the largest B2B e-commerce player in the country.

Let us all join hands and welcome our CEO Mr Vinaya Varma, who has been a core member of the founding team, and wish him all the best in steering mjunction to greater heights.

metaljunction launches mobile app

... don’t speak too soon For the wheel’s still in spin And there’s no tellin’ who That it’s namin’ For the times they are a-changin’

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n an endeavour to improve customer service, metaljunction has launched version 1 of “mj Customer Connect,” a mobile application for its customers.

In the current version, all upcoming auction catalogues can be viewed and downloaded through Android phones.

Some functionalities that will be made available in this application, in a phased manner are: OTP generation for participating in e-auctions; Intimation on auction start time; Intimation on auctions, re-auctions and re-launch of lots; Status of lot approvals and payment due dates.

As of now, more than 160 buyers have already downloaded the application.

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 VIIi | Issue II | April-september 2016

mjunction wins BT CSR award

mjunction, CEO win Bengal Entrepreneurship Award

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junction and CEO Mr Vinaya Varma have won the “Special Recognition Award” in the services category in “The Bengal Entrepreneurship Recognition 2016”.

The award was received by Mahul Brahma, HeadCorporate Communications and Branding, from Hon Finance Minister Dr Amit Mitra, at the Annual General Meeting of The Bengal Chamber on September 14.

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junction services limited has won the Bureaucracy Today CSR Excellence award for its ejunction initiative in the “Innovation in CSR Practices” category.

Ms Piya Nandi, Mr Ashish Goel and Mr Siddharth Bhatia of mjunction received the award in New Delhi from Honorable Minister Mr Anant Gangaram Geete, Ministry of Heavy Industries & Public Enterprises, Government of India.

There were a total of 356 entries for 32 categories for this award.

CPO Award for mjunction The CHiPS project of mjunction won the first runner up award in “Outstanding procurement solution provider” category at the 4th Edition of the CPO Awards 2016. The CPO Awards recognise and celebrate the collaborative efforts in the journey towards procurement and supply chain excellence. The award was collected on behalf of mjunction by Mr Soumen Baral and Ms Shivani Dwivedi at the awards ceremony held in Mumbai.

Best QA team award for mjunction

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n mjunction team consisting of Amit Poddar, Asif Jamal and Sudipta Sen, won the Best QA Team award at a hackathon for Testers which was held in Kolkata.

Fify Testers took part in the Kolkata event, which was sponsored by Facebook, Dropbox, Spotify, Uber, among others.

Amit Poddar also won the Best QA Individual award at the event.

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Volume VIIi | Issue II | April-september 2016

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mjunction: Flying 15

n August 19, junctionites gathered at the Royal Bengal Room of City Centre in Kolkata after work to celebrate a special occasion - 15 years of mjunction and along with it, 15 years of its former CEO & MD Mr Viresh Oberoi. Held on the theme of “Flying 15,” the event was anchored by Mr Manzer Hussain, Advisor, mjunction. He spoke about mjunction’s illustrious journey and said it was only due to its leadership and the great team.

Mr Vinaya Varma, CEO, spoke about his long association with Mr Oberoi which

goes back to their days at Tata Steel. He spoke about Mr Oberoi being a thorough

professional and a responsible leader. The others who also spoke about Mr Oberoi based on their long association with him are Associate Vice President Mr Rajarshi Chattopadhyay and Regional Manager (South) and Head, straightline, Mr K. Senthinathan.

Mr Oberoi said that while mjunction has achieved a lot, it still has a long way to go. As a token, junctionites presented him with a card (signed by over 400 employees) and mementos.

Cocktails and dinner wrapped up the evening.

mj in the news

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Volume VIIi | Issue II | April-september 2016

Vision with Action can Transform the World

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us, for believing in us. At that point of time when similar companies at home and outside were collapsing, it would have been easy to doubt our success. But some people chose to believe us, and that gave us a sense of responsibility to prove them right. As far as the future is concerned, I believe we have only just scratched the surface. The canvas available to us is large and we are just in one corner of it. Not just in India but also beyond. I wish the new leadership all the very best. It will face new challenges but I am sure they will rise to the occasion.”

Esteemed guests who spoke on the occasion were Dr JJ Irani, Former MD of Tata Steel and Director, Tata Sons, Mr Sandipan Chakravortty, Former MD, TSPDL and mjunction Chairman, Mr P.S. Bhattacharyya, former CIL Chairman and Mr D. Kobi, former ED SAIL and former director, mjunction. They spoke on Mr Oberoi and his immense contribution to mjunction over the years.

Some others who spoke on the occasion were Mr B Muthuraman, former MD and Vice Chairman of Tata Steel, Dr T Mukherjee, former DMD of Tata Steel and former Chairman of mjunction board, Mr Firdose Vandrevala, former DMD of Tata Steel, former MD of Tata Power and former Vice Chairman of Essar Steel, Mr VS Jain and Mr S.K. Roongta, former Chairmen of SAIL and Dr Sanak Mishra, Former Managing Director Rourkela Steel Plant and Director on SAIL Board.

Mr Manzer Hussain, a Tata veteran and Advisor mjunction, also spoke on the occasion.

farewell was given to mjunction’s former CEO & MD Mr Viresh Oberoi by the Chairman and Board of Directors of mjunction on August 27th, 2016.

Tokens of appreciation were presented by the Chairman and junctionites. Upon receiving, Mr Oberoi thanked each and every junctionite for their love and respect.

Speaking on the occasion, the mjunction CEO, Mr Vinaya Varma, said: “I have a story to share which is set in early 2001, when Mr Oberoi shared with me his vision of an e-marketplace for steel, which was to be called metaljunction.com Pvt Ltd. At that time, there were serious doubts over whether the venture would take off at all. But I did not waste even one second to tell him that I wanted to be in that team.

The reason was simple. He was my boss on a SAP project in Tata Steel and even during times of crisis, he did not let it affect the morale of the team. In fact, he asked us to look for opportunities in every crisis. What also differentiates him from many other bosses is the fact that he gives complete freedom. Freedom of action, freedom of thought and most importantly for many of us, freedom from unnecessary updates, reviews and reports. It was perhaps for that reason alone that many of us chose to continue to work with him for many years. I would like to thank him for giving us an opportunity to create something that we can be proud of for the rest of our lives.”

Thanking everyone, Mr Oberoi said: “At mjunction, we did have a great deal of fun in doing what we did. Thank you all for supporting

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Volume VIIi | Issue II | April-september 2016

mjunction holds 10th Coal Conference

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Steel sector’s representation hree hundred minds, stirred and engaging, from across 11 countries and 130 organisations All the major consumer segments had their explored the future of coal in an increasingly representations in the conference which is tagged as complex business environment, as the 10th Indian the largest of its kind in the country to focus o n coal Coal Markets Conference (ICMC) 2016 came out with consumers’ interests. These include the power sector, exciting possibilities and alarming signals for the most cement sector and the steel industry which account for abundant fossil fuel that lights up a vast majority of the bulk of coal consumption in India. homes on earth.

Rajeev Singhal, Vice President, Raw Materials, Tata “Is coal losing out to renewables? Will the sudden Steel, said that India would require 70-75 mt of coking surplus in coal derail India’s ambitious programme for coal by 2020-21 as the steel industry is expected to achieving 1.5 billion tons of output by 2020? What grow at a rate of 7-8 percent CAGR during the period. impact will India’s coal surplus have on the global “It is estimated that the Indian steel industry would market? Will the international coal prices be able to grow at a rate of 7-8 percent CAGR riding on the sustain the current recovery?” growth in construction, automotive, capital goods and These were some of the most engaging topics consumer durables sectors. According to my estimate, discussed threadbare at the three-day conference, India’s steel demand would touch 112 mt by 2020-21. organised by mjunction services limited in association This would entail a rise in coking coal requirement with the Cements Manufacturers Association (CMA) in from 50 mt to 75 mt by that time,” Singhal said.

Kolkata on September 4-6.

Noting that the increased raw material costs, which Addressing the conference, Peeyush Kumar, include the cost of coking coal and met coke, facing Director (Technical), Ministry of Coal, asserted that the domestic steel makers, Shivramkrishnan Hariharan, the government is taking every possible measure to Chief Commercial Officer, Essar Steel, raw material mitigate the impact of coal mining on environment, Varma, CEO, mjunction services, said “Much has costs make up a major chunk of the steel-making cost. through strict monitoring of Mine Closure Plans, land changed in the Indian coal scenario over the last one For every ton of steel prices, around 50 percent are year….Today, the situation is very different. Instead of input costs. Raw material costs are volatile and there reclamation and linkage rationalisation.

Also assuring was the observation by S D scarcity, we have a situation of surplus in coal supply.” had been a sudden spike in the prices of major raw Prasad, General Manager (Fuel), NTPC Ltd, that the However, if the captive coal production continues to materials like met coke, coking coal and iron ore. share of coal in global electricity generation will slip falter, the overall supply scenario may go back to where This has necessitated formulation of trade barriers only marginally over the next 25 years, and that coal it was a year ago, he cautioned. for steel-makers so that they can sustain operations Apart from the exciting deliberations, another in a low-demand scenario. “If we observe, the import consumption by the power plants would see an average major draw for the conference was the Awards Night prices dropped from levels of $378 per ton to $224 per annual growth of 8.1 percent till 2040. dinner. Awards were given in ten categories to firms ton, ie, around `15,000 per ton, which was the price of There is a word of caution, though!

The current surplus in coal, said Partha S engaged with the coal vertical. met coke,” he said.

Bhattacharyya, former chairman, Coal India Ltd, does Demand for met coke in India is about 5.5 mt and not augur well for its future demand. Pointing for coking coal is approximately 60 mt. out that thermal power sector’s PLF has come Speaking on the occasion, Subhasish down sharply from 75 percent to 62 percent Chakravorty, CEO, Kineta Global, said that over the last few years, Bhattacharyya said presently about 1,600 mt of steel is produced the coal industry must find alternative uses world-wide and India ranks 3rd in steel production (with about 89.6 mt as per World of coal, may be in the form of feedstock Steel Association data for 2015. for fertilisers (like ammonia), and may take He further said that coking coal and a cue from China in this regard. He further met coke are essential raw materials for said that the Indian government, in order to steel, pig iron and ferro alloys industries. make commercial mining successful, needs India presently consumes about 44.7 mt of to merge small blocks and offer them for imported coking coal and about 3.1 mt of mining to private entities. imported met coke annually.

Allaying Bhattacharyya’s concerns, an By 2020, India would require about 60 official of CIL said that the world’s largest mt of coal and about 6 mt of coke annually, coal miner is planning several avenues, but the country does not have enough coking including price rationalisation and exports, coal or coke making capacity to cater to the to deal with the surplus stock.

Winners take it all growing demand.

From a global perspective, Gerrard “Hence, India has to rely heavily on Coal importer of the year: Adani Enterprises McCloskey, founder, McCloskey Group, imports of good quality coking coal and Coal producer of the year: Coal India Ltd sounded positive about the current met coke. In the long term, these are Indian domestic coal trader of the year: Agarwal Coal Corporation momentum in spot coal prices. He said that scarce commodities and face major supply met coal prices, currently hovering at around Coal transporter of the year: Adani Logistics constraints. Coal and coke business should $140 per ton FOB Australia, may shoot up to remain a viable proposition in highly met Coal port performer of the year: Mundhra Port the level of $180-190 per ton by the end of coke and coking coal deficient countries like Coal inspection agency of the year: SGS calendar 2016.

India,” he said.

Coal mining contractor of the year: Adani Mining Interestingly, a number of speakers at “Coking coal and met coke demand is Coastal coal mover of the year: Karam Chand Thapar & Bros expected to witness an upsurge in India in last year’s ICMC (2015) had forecasted a

(Coal Sales) Ltd view of consistent growth in Indian steel/ recovery in coking coal prices starting July pig iron sector in the foreseeable future,” he 2016.

Trade finance banker of the year: State Bank of India added.

Earlier, in his welcome address, Vinaya Best stevedore of the year: Bothra Shipping

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Volume VIIi | Issue II | April-september 2016

Young Achiever Award for Mahul Brahma

mjunction has featured in the top 19 companies list within the Tata Group for per capita volunteering hours of contribution for social work. While the Group average is 1.8 hours per capita, mjunction has clocked 2.1 hours.

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he mjunction Head, Corporate Communications & Branding, Mr Mahul Brahma, received the “Young Achiever Award” in the “National Awards for Excellence in Corporate Communications,” held in Bangalore on September 1. He received the award from Ms Indira Parikh, the former Dean of IIM Ahmedabad.

The award is given out for excellence in the professional field as a corporate communicator for mjunction and beyond, which included selection of his debut film in 69th Cannes Film Festival.

This is a coveted award in the national level in the field of corporate and CSR communication. Prominent national media has covered this news.

mj waives fee for Tata Medical

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n April 1, mjunction conducted an auction for the first four coils from Tata Steel KPO. Though it was conducted like any other auction, it was different because mjunction not only waived its fee for the event, but also did not collect any earnest money deposit (EMD) from the bidders.

The entire proceeds of the auction - Rs 1.49 crore - will go to the Tata Medical Centre in Kolkata, which plays a key role in cancer care in the eastern region of the country. mjunction was instrumental in buyer management for the event, and got 52 distributors and buyers on board. It also hosted the auction through the Tata Astrum portal in order to support Tata Steel in making the event a success This is not the first time that mjunction has supported this noble cause.

On two earlier occasions, it had contributed in a similar manner. In May 2014, it was for the auction of four coils from the first lot of Tata Steel’s Continuous Annealing & Processing Line at Jamshedpur. On an earlier occasion, it was for an auction of TSCR coils by Tata Steel.

Chat on ‘Decoding Luxe’

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issaa organized a chat session on the upcoming book “Decoding Luxe: Discovering facets of luxury” by Mahul Brahma, Head-Corporate Communications and Branding, as well as his Cannes Film Festival experience. He was interviewed by Baisali Chatterjee Dutt, an author and poet. It was a discussion on Cannes, Luxury, Communication, and more. People who attended the chat session included Editors, Actors, Business owners, and more importantly, cinema and book lovers.

mjunction’s Guiding Force

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Volume VIIi | Issue II | April-september 2016

I would like to appreciate the efforts of the metaljunction team for helping us to successfully sell around 3436 tonnes of HSM Plates in the last financial year.

Their persistent efforts, quality service delivery and continuous interaction with us as well as the buyers have yielded fruitful results. We are happy to share that we could successfully clear the entire inventory of the previous year and that we are in the process of launching fresh auctions with tenderable materials.

D P Martin Deputy Manager (V-FP), SAIL BSO Kolkata

Client Speak

I would like to express my appreciation for the successful auction of coils from KLNR and integration of mjunction portal with www.tataastrum.com by metaljunction.

Animesh Roy Head Marketing TATA Astrum Branded Products, Retail & Solutions

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.

Kudos to buyjunction for sourcing our logistics contract and ensuring significant savings.

Ajit Kumar Singh GM (Commercial) HNGIL

I would like to express my appreciation for the timely auctions done by the metaljunction team for HR Coils, HR Plates, HR Sheets, GC/GP material, Cheq Coils during the last financial year. Your effort in getting bidders and ensuring that the realisation is as per our Company expectations is appreciated.

R. Bhargavi Senior Manager (M-FP), SAIL BSO Hyderabad

I want to express my appreciation for metaljunction for its effort towards increase in auction participation resulting in improved realization of auction items & increase in number of bids.

Devendra Nagpal Head, (Finance & Accounts – North) TSPDL

I would like to appreciate metaljunction for successful dispatch of PIS & UPIS and ensuring a sale of 44,250 tonnes, resulting in a revenue of Rs 66.22 crore for us.

Sudipta Kumar Bhattacharya DGM(MM) Marketing, SAIL IISCO

metaljunction conducted two successful auctions where average buyer participation per lot at 13.67 and 13.55 were much higher than the previous years. I would like to congratulate the entire team for that.

Murty AVSRKN Head Sales, Automotive & Industrial Products Tata Steel

Sempertrans is one of the largest and most technologically advanced conveyor belt manufacturers in the world. In India one of the sectors of our business interest is Coal Mining and Coal Insights is like an encyclopaedia for this sector. Every monthly issue provides an in-depth detail update of the sector, business trends, laws and future projects. Advertising in the publication helps us in maximum viewership of our brand due to its pan India circulation.

Anu George Manager, Sempertrans India Pvt. Ltd.

We have been regular readers of Coal Insights for several years now and await its publication each month. This helps us in keeping ourselves abreast with all developments in the Mining Industry and has also been a great platform for us to advertise our products.

Samaresh Mitra National Sales Head Joy Global (India) Limited

buyjunction deserves kudos for successful conducting reverse auction of Gear wheel, Roller, Mantle Cooling Plates for BF within a very short span of time. The reverse auction resulted in a total savings of Rs 14.51 lakh for us.

R.L. Paras DGM – MM (Purchase), SAIL DSP

I would like to give a special thanks to the coaljunction team for our performance in the last financial year. We will expect the same cooperation from mjunction as our technical service provider.

Debarshi Pal Chaudhuri Sr. Manager (Accounts) West Bengal Mineral Development & Trading Corporation

Kudos to metaljunction for successfully conducting auction of HR Sheet in a very short span of time and managing to get an average of eight to 10 buyers for a total quantity of approximately 400 tonnes.

Ankur Sharma Deputy Manager (M-FP), SAIL BSO Bokaro

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Volume VIIi | Issue II | April-september 2016

KNOW YOUR JUNCTIONITE I have been in mjunction since: Febuary 2010

My favourite food is: Dal Bhat & Aloo Posto

The three words which describe me the best are: Simple, Friendly and Honest

My favourite sport is: Soccer

My childhood was spent at: Jaynagar My major in college was: Commerce If I was not working at mjunction, I would be: A Football Player

My favourite book is: Any book based on sports If I could have tea with a fictional character, it would be: Prodosh Chandra Mitra (Feluda) My dream travel destination is: Kashmir

My favourite movie is: Hirak Rajar Deshe

The three things I would definitely do on an ideal day are: Spending time with my son, Listening to music and sleeping

My favourite singer is: Manna Dey

My family consists of: My parents, one brother, wife and my son

My childhood was spent at: Kolkata My major in college was: Economics If I was not working at mjunction, I would be: A teacher or a fashion designer My favourite movie is: Maine Pyar Kiya

Naaz Ansari I have been in mjunction since: January 2007 The three words which describe me the best are: Friendly, Simple & Honest

My favourite singer is: Lata Mangeshkar & Md. Rafi My favourite food is: Chicken Tandoori & Momos My favourite sport is: Cricket My favourite book is: My Holy Quran

I have been in mjunction since: August 2006

My favourite food is: Rosogolla

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

My favourite sport is: Cricket

My childhood was spent at: Kolkata My major in college was: Commerce If I was not working at mjunction, I would be: A photographer My favourite movie is: Sonar Kella My favourite singer is: Kishore Kumar

Gautam Rakshit The most important event of my life so far is: The birth of my son

If I could have tea with a fictional character, it would be: Donald Duck & Mickey Mouse My dream travel destination is: Mecca & Madinah The three things I would definitely do on an ideal day are: Cooking, go out with my children & spend some time with my husband My family consists of: My parents, brother, parents-in-law, two loving sons & only one husband!

The most important event of my life so far is: Every day, when I spend some time with my family

My favourite book is: Detective Stories of Byomkesh Bakshi and Feluda If I could have tea with a fictional character, it would be: Superman My dream travel destination is: Egypt The three things I would definitely do on an ideal day are: Spending time with family, Chatting with friends and watching movies

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Subrata Saha My family consists of: My mother, brother and wife The most important event of my life so far is: Landing my first job

Volume VIIi | Issue II | April-september 2016

Spot Awards go to...

ADMINISTRATION Dipak Barua Godla Balaji Sakuntala Biswas Subrata Mandal BUYJUNCTION Amit Kumar* Arijit Das Arijit Ghosh* Arpit Chaturvedi* Asutosh Mohapatra Avijit Roy Bhaskar Chakraborty Biplab Bhattacharjee Chandrani Majumdar Chinmaya Behera Debasish Ghosh Debjit Mukherjee Dev Prakash Mishra Harendra Kumar Jhantu Poyra Kamalika Chanda* Mahadev Das Mandal Manash Manish Nandwana Narendra Kumar Neerath Das Nitin Kumar Pranata Paira Priyanka Biswas Rajesh Jha Randhir Kumar Karn Rumi Mazumder Samiran Bhowmick Sangeetha S Saswat Rout

Snehasis Mohanty Soumyajit Mazumder Sourav Dey Srikant Panda Subhankar Roy Suman Mallik

H1 & H2 BUSINESS UNIT Abhishek Chakraborty* Abul Kalam Azad Ashok Kumar Roy K Manivasagan

CEO’S OFFICE

HUMAN RESOURCES Abhijit Dutta Piyush Dwivedi* Sreenanda Das Sharma

Nishant Deepak Srijata Mukherjee CHIPS Jay Prakash Prajapati COALJUNCTION Avishek Majumdar Souvik Saha CORPORATE MARKETING Maruf Md* Subhajyoti Roychowdhury

METALJUNCTION Ayan Debnath Dharmendra Singh Dibyan Mukherjee Gitimoy Mukherjee* GS Suresh Babu Harjinder Singh Javed Islam Jhasketan Padhan* K Suresh K. Sivakumar Kamlesh Kumar Ghode Madhurendra Kumar

Nikita Sharof Pavel Bhattacharjee Prasanta Samanway Raghavendra Madduri Rajib Kr. Nayak Sangeeta Roy* Sanjoy Gopal Sinha Somnath Mukherjee Soumya Paul Sudipta Mukherjee Vikram Prasad Vishwanath Pandey

RM- NORTH Anoop Mishra Deepak Gupta Rimi Ghosh

MJEDGE Debal Ray

RM-EAST Akhil Kapoor

OCEAN CHARTERING & TATA STEEL SHIPPING Bhaskar Sahu Srijeet Bhowmick PROCUREMENT Suvadeep Banerjee

EAM PSU Satish Kumar Bain

Raj Kumar Mitra Raktima Sarkar Rohit Saharan* Subhasish Majumder

RM SOUTH C Sekar Shanmukh S. Raghavendra*

TEA BUSINESS Adwitio Sengupta Sandip Thapa Sanchita Pal

RM WEST Shabbir Akbar Ali Sudipto Mukherjee

TECHNOLOGY Abhiranjan Mukherjee Rajashri Saha Subha Ranjan Mallik

STEEL (BPO) Praveen Kumar STRAIGHTLINE Abhijit Banerjee Piyali Basak Sushil Kumar Rai* STRATEGIC SALES Sumanta Mondal SUPER AGGREGATOR Argha Sen* Bikram Kumar Pal* Biswajit Agarwal Chandrasish Dasgupta Dipankar Das* Gopal Krishna Sharma Indranath Banerjee Pradeep Kumar Mohapatra

FINANCE Apurba Dey Singha* FINANCEJUNCTION Joyotpol Paul Shruti Saxena Sourav Bhowmick

TRANSACTION PROCESSING Nepal Bhunia Paromita Mondal Sandipan Nandy Sanjib Bala Suman Sen Swarup Kumar Dutta Tapendu Bera VALUEJUNCTION Biswajit Banerjee Gaurav Das* Kulkant Shukla Satyavir Sayanti Chowdhury Subrata Bhattacharyya* Suranjan Mullick* Suvasis Paul

* indicates junctionites who have received the award more than once

Abhishek Maji Abhishek Prasad Abu Osama Aman Kumar Amit Kumar Rai Amrita Biswas Anand Bharti Ankita Rakshit Anwesha Dutta Archana Bhagat Arijit De Arijit Ghosh B Ravi Kumar Bamacharan Mukherjee Bhavya Ranjan Bidyut Ghosh

Brojendra Nath Das Debajyoti Deb Debopratim Das Deepak Pinninty Gaurab Sarkar Gautam kumar Godla Balaji Gopal Chandra Manna Gowtham Basthi Prakash Islam Ali Mollah Kamalika Das Chanda Kanav Ayri Kastur Banerjee Kaushik Bose Kaushik Pal Krishna Kumar Gupta

Kshitij Nilank Kumar Gaurav Manoranjan Khamari Mayank Tripathi Megha Gupta Mukesh Kumar Nalini Ranjan Prusty Nareddy Jayanth Reddy Neeraj Garg Nilotpal Saha Nitin Kumar Nitish Anand Pankaj Mittal Pasham Nikhil Kumar Reddy Pennam Manikanta Gupta

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Piyush Prashar Pratyush Kiran Panda Prince Gupta Pushpendra Kumar Raj Kumar Rawat Rajdeep Datta Rajdip Tarafdar Rajesh Gourav Parida Rajni Soni Rajpritam Ravi Ramanan Rustam Singh Thakur Saikat Das Saikat Kumar Ghosh Sakshi Saxena Sakuntala Biswas Samaresh Majee Sanchari Chakraborty Sandip Thapa Sanjay Kumar Das Sanjib Bera Saptarshi Mallick Saswat Rout

Sayan Ghosh Seema Pandey Shashank Shekhar Mishra Shivaji Banerjee Shreyasee De Shubham Mukherjee Soumitra Karak Sourav Dutta Souvik Ghosh Sravan Kumar Vemuri Srijata Mukherjee Subhankar Roy Sudip Sanyasi Sujeet Kumar Sunil Hansda Suparna Saha Surabhi Arya Susil Kumar Barik Tuhin Ghosh Vikas Kumar Vineeta Verma Vinodkumar A

Volume VIIi | Issue II | April-september 2016

The newborns

Aaraw, born to Bikash Kumar of coaljunction

Arrna, born to Debasish Banerjee of buyjunction

Asmit, born to Amit Kumar Shaw of buyjunction

Priyansh, born to Pranab Chattaraj of mjedge

Gallery “Independence” by Mahadev Das of buyjunction

“Canine Friend” by Suvajit Chakraborty, BE & Strategy

mjunction’s West Bokaro branch observed the World Yoga Day on June 21 at the JRD Park West Bokaro. The entire team assembled at the venue at 6 am in the morning in order to celebrate the event with a round of yoga asanas.

Entries for a school drawing competition:

By Navya and Nyasa, twin daughters of Amit Surana, mjedge

corner

W

e bring you once again a new edition of this quarterly quiz, which is meant to fuel your thirst for knowledge. The response from all of you is encouraging. Please mail your answers to mjpost@mjunction.in and you may win 250 straightline points.

The decision of the quizmaster will be binding and final in all respects of the quiz. Here are the questions:

Q1. This product was a failure and was referred to as a pizza box. The number plate of its founder’s silver-coloured BMW bore its name. Name it.

Q2. Who founded a VC firm called The Hot Fudge?

Q3. Which company gave India its first ATM in 1987?

Q4. Whose guiding philosophy is “Love All —Serve All”? This chain set up its first outlet in London and is now owned by a native American tribe in the US. Q5. Whose old advertisements had this line: When in doubt “look it up in” _________?

Q6. By what name are bonds issued outside India but denominated in Indian Rupees, rather than the local currency known.

Q7. After the GST bill was cleared by the Rajya Sabha after the debate what expansion for GST did P Chidambaram use in his closing remarks?

Q8. If Infosys has MANA as its analytics platform, TCS has Ignio, what is Wipro’s analytics platform called ? It is named after a literary character.

Q9. Which video game launched by Niantic Labs has become so successful in a short time that it may beat Twitter on Android downloads ?

Q10. Which co is launching a toothpaste named Vedshakti in competition to Patanjali’s Dantkanti ?

The answers to the previous edition of the quiz are as follows: 1. Nintendo 2. Salesforce.com. Chatter acts as a Social network inside companies.

3. Wolverine world wide 4. McDonalds 5. All cryptocurrencies like Bitcoin..

6. Lumia from Nokia.

7. Cinnamon. The word perfume is derived from Latin “per fumus” meaning through smoke.

8. Columbia Business School.

9. Garden Leave or Gardening leave. It describes the practice where an employee leaving a job having resigned or otherwise had their employment terminated - is instructed to stay away from work during the notice period, while still remaining on the payroll. This practice is often used to prevent employees from The winner of last taking with them up-to-date (and perhaps quarter’s quiz is sensitive) information when they leave their current employer, especially when they are Kamalika Chanda leaving to join a competitor.

10. 787-9 Dreamliner from Boeing

Quizmaster & Compiled by Debashish Mukherjee of Corporate Accounts. Contributions also from Abhishek Kar of Technology.

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Congratulations

Mahul Brahma Head, Corporate Communications & Branding

I

t was my first brush with the coveted Festival de Cannes. My short film “Elixir” as a lead actor, has been chosen by the jury for screening at the Cannes Court Metrage. It was my red carpet moment.

The coveted red carpet reminded me of some glorious moments in history. In the year 1960, the director Federico Fellini and the actor Marcello Mastroianni walked the red carpet to showcase La Dolce Vita, which won the Palme d’Or. Created in 1955, the Palme d’Or award is the most coveted award that celebrates excellence in world cinema and has been dominated by European cinema, and Hollywood influence has been controlled over the years.

However, there has been a very interesting trend in the festival. Earlier, during Mastroianni’s time the celebrities who walked the red carpet were also making films of a class that was winning Palme d’Or.

But over ages, there has been a distinct gap between the celebrities chosen by Cannes for walking the red carpet, who are made the face of the Film Festival and the people whose films are appreciated by jury or the one that is winning the Palme d’Or. The gap kept increasing with every passing year.

Small wonder, 17 years after La Dolce Vita, a 29-year-old Austrian bodybuilder Arnold Schwarzenegger descended on the Croisette to promote George Butler’s $190,000 documentary about weightlifters, ‘Pumping Iron.’ Or in 1992, stars Sharon Stone and Michael Douglas walked the red carpet to showcase the uncut version of Basic Instinct.

The face of Cannes Film festival from India this year were glam divas Aishwarya Rai and Sonam Kapoor.

What first struck me about the festival was that the entire set up was very much glamouroriented. The guards in their black suits and dark glasses, the barricades, the helicopters, the yachts, the luxury cars with their dark windows rolled up -- every inch of the festival will make it evident that it is about a high-

glamour celebrity-driven show, and thus the need for high security and secrecy.

I was lucky that amid this high-security, my new-found status as an actor gave me an opportunity to have a brief chat with the beautiful French actor Marion Cotillard (of The Dark Knight Returns, Inception fame). We took a selfie and she congratulated me for the film and for my upcoming book on luxury “Decoding Luxe”. She was happy that our film was of regional origin and it was our maiden effort. She told me how she loved Cannes and the sea.

I realised that the entire focus somehow has shifted towards the glitz and glamour that is associated with the event -- be it the red carpet galas or the after hour yacht parties (of George Clooney and the likes). That is where people choose to be.

Unfortunately, the screenings of some fantastic European films are not able to attract such crowds or interest. The same is true for even non-European movies that are still very true to the art and a quite far from glamour.

No star, no audience: had become the norm, rather than an exception.

Be it Arnold Schwarzenegger or Sharon Stone or Aishwarya Rai, Festival de Cannes has long given in to the charisma of the glitterati that remains the favourite of the shutterbugs.

With over 4,000 journalists representing 1,600 companies attending the event, the entire coverage is taken away by the flowing designer gowns and tuxedoes, far far away from the art of cinema.

The star power was also evident during the panel discussions at the Indian Pavilion too. I attended a few sessions and saw the biggest draw was during Anurag Kashyap’s session, of which I was also a part of. There were many more interesting panel discussions held for regional films by lesser known makers and nonstars, but they were not able to attract much interest even with more interesting stories.

We are star-crazed and small wonder we will lose our focus if our eyes are dazzled with glitz and glamour of Festival de Cannes.

Au Revoir!

This article is reproduced from Ananda Bazar Patrika (ABP).

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Printed at: florenceoffset@yahoo.co.in

Festival de Cannes: Razzle dazzle versus the power of cinema

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Volume VIIi | Issue II | April-september 2016