67th MMA Annual Report 2022-23

ANNUAL REPORT

MrCVSubbaRao 2021-22

MMA MANAGING COMMITTEE 2022-23

PRESIDENT

MrSureshRaman, VicePresident&RegionalHead,TataConsultancyServices,Chennai

SENIOR VICE PRESIDENT

MrKMahalingam, Partner/Director.TSMGroupofCompanies

VICE PRESIDENT & HONORARY TREASURER

MrVShankar, Founder,CAMS&Director,ACSYSInvestmentsPvtLtd

HONORARY SECRETARY

MrMPSuryaPrakas, ExecutiveDirector,PonPureChemicalsIndiaPvtLtd

REPRESENTATIVES OF INSTITUTIONAL MEMBERS

MrGautamVenkataramani,Director,IndiaPistonsLtd

MrLakshminarayananD,ManagingDirector,SundaramHomeFinancePvtLtd

MrRameshKBMenon,Director,CoromandelInternationalLtd

MrSSeetharaman,Chairman,SuperAutoForgePvtLtd

MrNAnanthaseshan,ManagingDirector,CarborundumUniversalLimited

MrSureshJainD,ManagingDirector,KesarGiftMart(P)Ltd

MrARUnnikrishnan,ManagingDirector,Saint-GobainIndiaPvtLtd

REPRESENTATIVES OF INDIVIDUAL MEMBERS

MrAtheshRaviR,PrincipalConsultant,ArrowPointMarketResearch&InsightsSolutions

MrAshokKumarT,SeniorManager–IndustrialRelations,MichelinIndia

MrNatarajanT,FormerVicePresident,CarlisleBrake&Friction

MrMHRaja,ChairmanandManagingDirector,LeadHRServicesPvtLtd

SPECIAL INVITEES

MrGVAnandBhushan,FounderPartner,BhushanRajaram

LtGenAArun,YSM,SM,VSM,GeneralOfficerCommanding,DakshinBharatArea

MrVBalaraman,FormerManagingDirector,Pond’s(India)Ltd

MrJoshFoulger,ManagingDirector,BharatFIHPvtLtd

DrLakshmiVenu,ManagingDirector,Sundaram-ClaytonLtd

MsAnjuMaryKuruvilla,Director–IndustryAffairs,Communications&Sustainability, DanfossIndustriesPvtLtd

MrPElango,ManagingDirector,HindustanOilExplorationCompanyLtd

MrGeorgeRajkumar,FormerCountryPresident,GrundfosPumpsIndiaPvtLtd

MrNatarajanShankar,ManagingDirector&Partner,TheBostonConsultingGroup

MrNaveenUnni,ManagingPartner,Chennai,McKinsey&Co.,

MrPSRaman,SeniorAdvocate&FormerAdvocateGeneral,GovtofTamilNadu

DrRanjiniManian,FounderChairperson,GlobalAdjustmentsFoundation

MrShankarR,ChiefExecutiveOfficer-India,TVSSupplyChainSolutionsLimited

MsShubaKumar,ManagingDirector,NatesanSynchroconesPLtd

MrCSivaKumar,Director,RootsIndustriesIndiaLtd&ManagingPartner,RVIndustries

MrLVNavaneeth,CEO,TheHinduGroupPublishingLtd

MrGaneshKalyanaraman,SeniorVicePresident,ProductandResources,Cognizant MrMSJagan,ManagementConsultant

DrNKamakodi,ManagingDirectorandCEO,CityUnionBank

MrSKannan,IRS,FormerPrincipalChiefCommissioner,GST,GovernmentofIndia

MrRavichandranP,President-IndiaRegion,DanfossIndustriesPvtLtd

MrSLNarayanan,GroupChiefFinancialOfficer,SunGroup

MsKavithaDChitturi,JointManagingDirector,TheKCPLimited

MrCVSubbaRao,ManagingDirector,SanmarShippingLtd

MrKVRamani,FounderandChancellor,SaiUniversity

MrVijayKarunakaran,Founder&CEO,InGageTechnologiesPvtLtd

MsNaliniPadmanabhan,Director,PreranaEducationalMedia(P)Ltd

MrGGiridharaGopal,Director&ChiefExecutive,Addison&Co.,Ltd

MrSrinivasanKSwamy,Chairman&MD,RKSWAMYBBDOPvtLtd

MrSrivatsRamManagingDirector,WheelsIndiaLtd

CHAIRMAN OF MMA LOCAL CHAPTERS EX-OFFICIO MEMBERS

MrKVGanesan,Chairman,MMANamakkalChapter&Partner,AndavarTVS

MrKSendhilNaathan, Chairman,MMAPuducherryChapter&ManagingDirector,TANFAC Industries Ltd.

MrSMohan,Chairman,MMASalemChapter&CEO,AVRSwarnaMahalJewelryPvtLtd

MrRavindraSannareddy,Chairman,MMASriCityChapter,Co-Founder&Managing Director,SriCity(P)Ltd

DrAsitKBarma,Chairman,MMATrichyChapter&Director,BharathidasanInstituteof Management

MrDVenkateswaran,Chairman,MMAErodeChapter&Partner,VenbroPolymers

MrMSelvam,Chairman,MMAAtturChapter,ManagingPartner,SriSaravanaTVS,Attur

DrShankarVenugopal,Chairman,MMAChengalpattuChapter&VicePresident,Mahindra &MahindraLtd

ProfVKamakoti, Director,IndianInstituteofTechnologyMadras

DrVIraiAnbu,IAS, ChiefSecretary,GovernmentofTamilNadu

DrRVelraj,Vice-Chancellor,AnnaUniversity

ProfSGowri,Vice-Chancellor,UniversityofMadras

DrMaheshRangarajanPhd, Vice-Chancellor, KREAUniversity

GpCaptRVijayakumar(Retd),VSM,ExecutiveDirector,MadrasManagementAssociation

AUDITORS

DeloitteHaskins&Sells,CharteredAccountants

INTERNAL AUDITORS

Srihari&Co,CharteredAccountants

BANKERS

AxisBankLtd,StateBankofIndia,YESBank

MANAGING COMMITTEE MEETINGS

TheManagingCommitteemet11timesduringtheyear.Themeetingswerepurposefuland thecontributionsbytheManagingCommitteeMembersweretimelyandhelpedmeetMMA objectives.

PRESIDENT'S MESSAGE

A Word from the President

Dear Members,

My greetings to all of you!

I am honoured to have served as the 55th President of Madras Management Association (MMA) for 2022-23. I am grateful for the opportunity given to me by the MMA members. On behalf of the Managing Committee, I present to you the 67th Annual Report and Audited Statement of Accounts for the year ending March 31 2023.

India is now perceived to be the “Gateway for Tomorrow’s world”. We are in a decisive decade where we need to continue to build:

Physical Infrastructure at Hyperscale along with NextGen Digital Infrastructure, opening up huge job opportunities Sustainable India – 100% ESG focus can expedite progress with every stakeholder onboard. India’s unicorns and decacorns which can spur Innovative India

With developed countries facing challenges of recessions and impact of climate change, it is seeing the return of traditional risks - Inflation, Trade Wars, Social Unrest, Geo-political conflicts along with newer risks associated with widespread cybersecurity issues, likely increasing digital inequality with GenAI as well as polycrisis (as termed by WEF – where disparate crisis interact creating larger impact to the world.)

However, we can see a future full of opportunities be it in Critical Technologies related to 5G, AI, Quantum, Blockchain, Genomics and rare minerals, which can also enable equity and sustainability opportunities.

International Monetary Fund (IMF) and global rating agencies predict India’s average growth to exceed 6% over the next five years. Tamil Nadu’s pursuit of a billion-dollar GDP bodes well for industrial growth.

Measuring MMA’s success, it has ticked all the right boxes during the year as evidenced by:

Sticking to the Mission of propagating management movement and fostering managerial excellence

Delighting corporate and individual members through events for their futureproofing and networking (Enabled through new initiatives such as Read to Grow, How was it made series, Increasing Book launches by reputed authors, Memorial Lecture--RK Swamy, Thirukkural for Today’s Management lessons--A glocal (globallocal) mindset and all for the long haul...)

Happy Awardees based on stringent selection norms be it awards for Managerial Excellence for Corporates or the Awards for Young Managers and Women; and Best Management Student (Chanakya Master Mind)

Consistent in-person audience with increasing online audience and importantly inclusive of audience from across the spectrum of company sizes and sectors. Increasing patronage by corporates.

Happy High Performing Secretariat artfully managed by the Executive Director

Passionate and Committed Management Committee Members

Encouraging Innovation--Chinni Krishnan Innovation Award

MMA’s body of work has been a guiding compass for Corporates and considering the evolving landscape, MMA will continue to educate managers to build Winning Corporates with the required attributes demonstrating the following:

Supply Chain Resilience

Sustainability Progress

CyberSecurity Assurance

Emerging Tech Adoption

Corporate Governance

I am proud to share that MMA has been awarded the prestigious “BestManagement Association in India” for the 13th consecutive year, for the year 2021-22. This achievement showcases our determination to excel despite challenges. It gives me great pleasure to highlight some of the initiatives undertaken during the year.

MMA-KASPartnership

MMAhasbeenprivilegedtocollaboratewiththeKonrad-Adenauer-Stiftung(KAS)from Germanysince1989topromoteEntrepreneurshipDevelopment.Thislong-standing partnershipaimstoequipSMEswiththeknowledgeandskillsnecessaryforbusiness success.IwouldliketoexpressmysinceregratitudetoKAS,especiallyDrAdrianHaack forhisunwaveringsupporttoMMA.

MMACSRinitiative

IampleasedtosharethatourCSRinitiative,incollaborationwithACSYSInvestments, A.S.Trust,andSuperAutoForge,hasgarneredexcellentfeedbackfromschools, students,andparents.Theskilldevelopmentactivitiesconductedunderthisinitiative havebeenextendedtoeightschools,benefitingasignificantnumberofstudents.We reachedoutto7068studentsandlogged98052ofimpacthours.Thisaccomplishment fillsuswithimmensepride,andwebelievethatthisinitiativehasthepotentialtomake aprofounddifferenceinthelivesofgovernment-aidedschoolstudentsintheyearsto come.

Noneofthiswouldhavebeenpossiblewithoutthegeneroussupportofourdonors.

IwouldliketoextendmysincereappreciationtoMrVShankar,Director,ACSYS Investments,AsTrustandMrSSeetharaman,Chairman,SuperAutoForge,fortheir valuablecontributions.Weareconfidentthatwiththecontinuedsupportofmore donors,thisinitiativewillbecomeatruegame-changerforgovernment–aidedschool students.

MMAAwardforManagerialExcellence

MMAAwardforManagerialExcellencewaspresentedduringtheMMA66thAnnual GeneralMeeting(AGM)onFriday,8thJuly2022at6.00pmatMMAManagement Centre.TheMMAManagementCommittee,inconsultationwithDeloitte,presentedthe awardtoCarborundumUniversalLtd(CUMI),TANFACIndustriesLtdandNTECL.

Keyupdatesduringtheyear2022-23

IamdelightedtopresentthekeyupdatesandaccomplishmentsofMMAduring202223,aremarkableyear,filledwithsuccessfuleventsandmeaningfulengagement.

~MMAAnnualConvention2023

Ourflagshipevent,heldonSaturday,25thFebruary2023attheIITResearchPark Auditorium,hadthetheme“India’sCentury:HowtodriveSustainable,Inclusive Growth?”.Itwitnessedparticipationof844managementprofessionalsfromthe industry.Additionally,theeventwaslive-streamed,attractingover19,000online participants.Theconventionservedasaplatformforinsightfuldiscussionsand exchangeofideas.

~ MMA Women Managers’ Convention / Management Students’ Convention

MMA’s commitment to empowering women in management was showcased through the MMA Women Managers’ Convention. This flagship event, held at the MMA Management Center on Saturday, 26th March 2023, centered around the theme “The Extra Mile.” It witnessed enthusiastic participation of 325 women delegates in person, while an impressive number of over 17,800 delegates joined online. The convention provided a forum for women professionals to network, learn and inspire each other.

We also organized the 21st All-India Management Students’ Convention at the IIT Research Park Auditorium. The convention garnered tremendous success, attracting over 900 management students who attended the event in person. Additionally, more than 21,000 students actively participated online. This convention served as a valuable platform for young talents to showcase their skills, interact with industry experts, and gain insights into the world of Management. Students had an opportunity to experience next gen technology through Metaverse based real time content creation and rendering in a broadcast, drones for human welfare.

All the above conventions exemplify MMA’s commitment to fostering knowledge sharing, professional development, and inclusive growth. I want to express my deepest gratitude to all the participants, speakers, sponsors, and organizing teams who made these events successful.

To conclude…

I would like to express my heartfelt gratitude and appreciation to the entire MMA fraternity. It is your collective efforts that make MMA a vibrant and thriving community.

I would also like to express my deep appreciation to the past Presidents of MMA. Your wisdom, guidance, and vision have played a pivotal role in shaping MMA’s journey and ensuring its continued progress. Your contributions have been invaluable, and I am grateful for the legacy you have built.

My heartfelt thanks also go to the Managing Committee Members for their significant contributions. Your dedication and hard work have been instrumental in driving MMA forward and strengthening its position as a leading Management Association.

The Local Chapters of MMA have also been essential in our journey. Your contributions and support have expanded MMA’s reach and impact, making a difference in the lives of members across various regions. I extend my appreciation to all the Local Chapters for their valuable contributions.

I want to acknowledge the MMA Secretariat, led by Gp Capt. R Vijayakumar, for their unwavering focus and productivity. Your efforts behind the scenes have ensured the smooth functioning of MMA, and I am grateful for the dedication and hard work demonstrated by him and his Secretariat team.

As I conclude my term as President, I assure you of my sincere commitment to remain connected with MMA. Together, we will continue to build on the legacy we have created and navigate the challenges ahead. I have full confidence that MMA’s role and spirit will shine even brighter in these trying times.

I am delighted to pass on the baton of MMA leadership to the incoming President. I am confident that under their guidance, MMA will scale new heights of success and accomplishments.

I look forward to continuing my involvement in the management movement and the activities of MMA, encouraging you for more ideas, so that we can strive for excellence, contribute to the growth of the fraternity, and create a positive impact in the world.

Suresh Raman President Madras Management Association

MMA BOARD FOR MAJOR EVENTS

HOWTODRIVESUSTAINABLE, INCLUSIVEGROWTH?

MMA ANNUAL CONVENTION 2023

MMA’stheme-basedAnnualConventionisahighpointinthecalendarofmanagementevents in the country. It has gained a reputation for high quality and excellence over the years has always been an event that the management fraternity looks forward to for its quality and content, creating an opportunity of learning, participation in meaningful discussions and thoughtprovokingcontent.

MMA organized its flagship event – MMA Annual Convention 2023 on the theme “India’s Century: How to drive Sustainable, Inclusive Growth?” on Saturday, 25th February 2023 at IIT Research Park Auditorium, Chennai with over 844 delegates in attendance at the venue and around19,080viewerswatchedonlinethroughvariousMMAsocialmediachannels.

The MMA Annual Convention 2023 focused on the various aspects, which are bound to propel India’sfuture,throughaseriesoffocusedsessionsonthreebroadsub-themesasfollows:

SpecialSession1— SustainablegrowthwithEnergyIndependence

Special Session 2 — Atmanirbhar Bharat – Accelerating Frontier growth in key sectors (Defence&Aerospacemanufacturing,SemiconManufacturingandGiGeconomy)

Special Session 3 –Getting it done – What challenges lie ahead to execute a multi-point strategy? How can India mobilize (Human resources, financial resources and Technology) toachieveaspirations?

During the inaugural Session, Mr Jaidit Brar, Senior Partner, McKinsey India delivered the Keynote Address and Shri N K Premachandran, Member of Parliament, Lok Sabha delivered theInauguralAddress.

Mr Parameswaran Iyer, IAS, CEO, NITI Aayog delivered the special address on the theme “India’sCentury:HowtodriveSustainable,InclusiveGrowth?”duringthePlenarySession.

Mr Arun Maira, Thought Leader and Author, Former Member of Planning Commission of India & Former India Chairman, BCG delivered the Keynote address and Mr H K Agarwal, Managing Director, Grasim Industries Ltd & Business Director – Pulp and Fibre, Aditya Birla Group deliveredtheValedictoryaddress.

The MMA Annual Convention was a standout event of the year, marked by an impressive lineupofspeakerswhodeliveredinspiringaddresses.TheConventiongarneredoverwhelming satisfaction from both speakers and session chairpersons, who recognized its immense scale andimpact.

One of the Convention's highlights was the presentation of awards to the winners of the MMA Competition for young Managers. This recognition took place during the Valedictory Session, honoringtheoutstandingachievementsofthesetalentedindividuals.

The success of the Convention was greatly supported by McKinsey & Company, serving as the Knowledge Partner for the event. Their expertise and collaboration ensured the seamless executionofanotherremarkableconvention.

In order to reach a wider audience, the Convention was live-streamed through a webcast and broadcasted on MMA Radio. Furthermore, video and audio recordings of the MMA Annual Convention2023weremadeavailableformemberstoenjoyattheirconvenience.

www.liveibc.com/mma

https://i-radiolive.com/#!/aod/VoiceOfMMA

Overall, the MMA Annual Convention proved to be a highly impactful and successful gathering, showcasing exceptional speakers, honoring talented young managers, and providingvaluableknowledge-sharingopportunitiesforallattendees.

MMA extends its heartfelt gratitude to Mr Mahalingam and the entire Convention Committee for their invaluable contributions and for making the MMA Annual Convention 2023 an extraordinary event. Their hard work, passion and commitment have left an indelible mark on theMMAcommunity,settingahighstandardforfutureconventionstocome.

MMA WOMEN MANAGERS’ CONVENTION 2023

To commemorate the International Women’s Day on 8th March an exclusive Women Managers' Convention is organized every year by the MMA. The event creates a platform for womenacrossdifferentwalksoflife;tocometogether,sharetheirthoughts,opinions,insights and experiences. Each year a contemporary theme is chosen and speakers of national and internationalreputeareinvitedtosharetheirexperiencesandthoughts.

Within three weeks of the MMA Annual Convention, the most awaited annual feature on the MMACalendar–MMAWomenManagersConvention2023onthetheme“TheExtraMile”was organizedonSaturday,18thMarch2023atMMAManagementCenter

The Convention Committee headed by Dr Ranjini Manian, Founder - Chairperson, Global Adjustments Foundation & Chairperson, MMA Women Managers’ Convention Committee supported by knowledge partner Ms Sharanya Modi, Global Head HR, Expo & Freight Ltd (EFL), conceptualized the content to choose the distinguished speakers with great care for eachofthefollowingsub-themes

ForgingAhead-7NewRulesofLeadership

ShiftingPriorities

FunSkillsforawholesomelifein2023

Ms Gangapriya Chakraverti, Managing Director, Ford Business Solutions – India delivered the Keynote address and Ms Judith Ravin, U.S. Consul General, Chennai delivered the Special Address and Ms Prabha Narasimhan, Managing Director & CEO, Colgate-Palmolive (India) Limited delivered the Inaugural address during the inaugural Session at the MMA Women ManagersConvention2023andalsopresentedthe22ndMMAOutstandingWomanManager YearoftheAward2023.

The MMA Women Managers Convention 2023 was attended by over 330 participants in person at MMA Management Center and over 17,800 viewers watched the programme live through various social media portals of MMA. The convention was well covered by the Media and a resounding success from all viewpoints like theme, content, design and structure, selectionofeminentspeakers.

The video/audio recording of the MMA Women Managers Convention 2023 was also made availablefortheviewingpleasureofourmembersat

www.liveibc.com/mma

https://i-radiolive.com/#!/aod/VoiceOfMMA

MMA ALL INDIA MANAGEMENT STUDENTS CONVENTION 2022

Management Students are the future managers of India on whom lies the responsibility of realising India’s dreams. During 2002, MMA launched its first Management Students Convention(MSC)onthetheme“TransformationfromManagerstoLeaders”.TheMSCprovides an opportunity to the students to learn from corporate gurus and at the same time provides them a platform to showcase their managerial acumen through Paper Presentations, BusinessProposals,theBigDebateonachosentopicapartfromManagementQuiz.

The 21st MMA All India Management Students Convention on the theme “AI Shaping Today andtheFuture”washeldonTuesday,27thSeptember2022atIITResearchParkAuditorium.

Thanks to the Convention Committee headed by Mr V Shankar, Convention Chairman, Founder, CAMS & Director, ACSYS Investments Pvt Ltd and MMA Secretariat headed by Gp Capt R Vijayakumar, Executive Director for organizing the 21st MMA All India Management StudentsConvention.Agalaxyofspeakerssharedtheirinsightsonthetheme.TheConvention was a grand success and attended by over 844 delegates in person at IIT Research Park Auditoriumandover21900delegatesinpersonviewerswatchedthroughvarioussocialmedia portals.

Prof V Kamakoti, Director, Indian Institute of Technology Madras delivered the Keynote address and Dr M Arumugam, Managing Director, Broadline Technologies delivered the Specialaddressduringtheinauguralsession.

Competitions:

The MSC included events to engage students’ management skills in the following contests apartfromBusinessSessionsaddressedbyeminentcorporateleaders.

BusinessPlan

PaperPresentationonthetheme“AIShapingTodayandtheFuture”

The Big Debate: The topic for Finals at the Convention: “AI is likely the best or the Worst thingtohappentohumanity”

Think Tank: The Master Brain Management Quiz Competition. Mr. Arvind, Quiz Master and CreativeHead,XQuizIT,ChennaiconductedtheManagementQuizCompetition.

The response to the competitions organized as a prelude to the Students Convention was overwhelming. The managerial and leadership abilities of management students were projectedinthevariousgames.

The video/audio recording of the MMA All India Management Students Convention 2022 was alsomadeavailablefortheviewingpleasureofourmembersat

www.liveibc.com/mma

https://i-radiolive.com/#!/aod/VoiceOfMMA

MSC 2022 was a resounding success in every aspect: from the theme, content, design, structure, and selection of eminent speakers to substantial participation by management studentsandfacultyfromvariousmanagementinstitutesalloverthecountry.

EVENTS

During the 2022-2023

These events covered a wide range of topics such as education, management, health and governance. Our activities included training sessions, corporate programs, flagship events andChapteractivities.

MMA collaborated with numerous organizations and corporates to deliver these events, which were conducted in a hybrid format. Throughout the year, over 550,000 participants attendedourevents,makingthemaresoundingsuccess.

We were indeed honoured to have esteemed speakers from industry and politics, including Dr. Ashok S Ganguly (Former Chairman, HUL), Mr R Gopalakrishnan (Former ED, Tata Sons Ltd), Mr M.M. Rajendran (Former Governor of Odisha), Dr BVR Mohan Reddy (Chairman, CYIENT), Mr M.M.Murugappan (Chairman, Carborundum Universal Ltd), Mr Manish Tiwary (Country Manager, Amazon India), Dr Palanivel Thiaga Rajan (Finance Minister, Tamil Nadu), Mr. Parameswaran Iyer, IAS (CEO, NITI Aayog), Ms Prabha Narasimhan (CEO, Colgate Palmolive), Ms Judith Ravin (U.S. Consul General, Chennai), Mr Arun Maira (Former India Chairman,BCG)andShriNKPremachandran,MemberofParliament,LokSabha.

To reach a wider audience, most of the talks, discussions and seminars were live-streamed on various social media platforms. We also published transcripts of these events in our monthly digital magazine, Business Mandate, which featured embedded videos. The annexureprovideslinkstothevideorecordingsandpublishedarticlesforfurtherreference.

financial year, MMA successfully organized a total of 581 events, averaging 48 events per month.

Toviewthephotosofeventsthattookplacein2022-23,clickthebuttonbelow.

ENDOWMENT LECTURES

Dr K C G Verghese Endowment Lecture

MMA instituted an annual feature - Dr K C G Verghese Endowment Lecture with the support of Hindustan Group of Institutions in the year 2012 in recognition of the contribution made by Dr K C G Verghese, Founder Chairman, Hindustan Group ofInstitutions.

Mr A Rajarajan, Director, Satish Dhawan Space Centre (SHAR), Sriharikota delivered the 9th Dr K C G Verghese Endowment Lecture on the theme “Satellite Project Management - A Techno Managerial Challenge” on Monday, 4th July 2022 at 06.30 pm at MMAManagementCenter.

Dr Mrs Elizabeth Verghese, Chairperson, Hindustan Group of Institutions chaired the Lecture. The event was well attended by over 285 participants in person at MMA Management Centre and over2450viewerswatchedthroughvarioussocialmediaportals.

The Fourth R K Swamy Memorial Lecture

MMA in association with Advertising Club Madras and supported byKASorganizedTheFourthRKSwamyMemorialLectureonthe theme “Shaping Tamil Nadu towards a Trillion Dollar State” at 06.00 pm on Monday, 12th December 2022 at MMA Management Center

Dr Palanivel Thiaga Rajan, Hon’ble Minister for Finance & Human Resources Management, Govt of Tamil Nadu and Dr N Gopalaswami, IAS (Retd), Former Chief Election Commissioner of India addressed the participants and around 210 attended the event in person at MMA Management Center over 11600viewerswatchedthroughvarioussocialmediaportals.

MMA Endowment Lecture at University of Madras

MMA had instituted an Endowment Lecture in the year 2012 at University of Madras for the benefit of large number of students and members of MMA. The 10th MMA-Endowment Lecture was organized on Wednesday, 21st December 2022 at 02.00 pm at the Centenary Building, University of Madras. Prof S P Thyagarajan, Chancellor, Avinashilingam Institute for Home Science for Women,Coimbatore delivered the MMA Endowment Lecture on the theme “Research and Development Ecosystem in Higher EducationInstitutions".

MMA – Pond’s Veterans - V Narayanan (Pond’s) Memorial Endowment Lecture

The Admirers and friends of Mr V Narayanan, Former Chairman and Managing Director of Pond’s, have come together and instituted an endowment lecture in memory of Late Mr V Narayanan. Mr V Narayanan was an inspiring visionary. He built a culture of character and competence, and inspired ordinary peopletodoextraordinarythings.

The Third V Narayanan Memorial Endowment Lecture on the theme “How e-commerce is transforming retail in India” at 06.00 pmonFriday,20thJanuary2023atMMAManagementCenter

Mr Manish Tiwary, Country Manager - India Consumer Business, Amazon India addressed the participants. The event was a grand success and around 290 attended the event in person at MMA Management Center over 11530 viewers watched through various socialmediaportals.

CSRINITIATIVE

MMA CSR initiative, launched in 2021, has been highly successful and well-received by schools.

Due to the positive feedback, the initiative has expanded its support to include more students from government and government-aided schools. In addition to P S Group of Schools, Lady Sivaswami School for Girls and Children's Garden School, Rani Meyyammai Girls Higher Secondary School, RKM Saradha Vidyalaya Girls Model School and St Raphael's GirlsHigherSecondarySchoolhavealsobeenincluded.

Among the various skill development programs offered, Tally, Robotics, TAB based STEM programme, Space Connect, Super Brain Yoga, Memory Skills, Beautician (Girls), Spoken English for Tamil Medium Students and Young Entrepreneurship Programs have been particularlypopularamongbothteachersandstudents.FacultyDevelopmentProgramsand Teenage Parenting Programs have also received excellent feedback. MMA is committed to identifying additional behavioural and skill development programs to be gradually implementedinthefuture.

MMACENTREFOR MANAGEMENT DEVELOPMENT(CMD)

The MMA CMD organises short-duration Management Development Programs

The MMA Centre for Management Development (CMD) organizes short-duration Management Development Programs (MDPs) aimed at disseminating and enhancing management skills among working executives at all levels. These MDPs, which typically span one to two days, take the form of workshops, seminars, conclaves, lectures, corporate training programs, and management video programs, among others. They have consistently remainedpopular,withanaverageof40to50programsconductedpermonth.

The programs cover a wide range of subjects, and the faculty is selected from a panel of qualified and experienced professionals, eminent personalities and academicians. Feedback from participants is regularly obtained for each program, and over 90% of participants have consistentlyratedtheprogramsasexcellent,withtheremainingratingthemasverygoodor good.

CERTIFICATECOURSES

These courses primarily targeted middle and senior-level managers with a focus on process designandimplementation.Inordertoensurethehighestlevelofquality,MMAcollaborated withreputableprofessionalbodiesintheirrespectivefieldstoorganizetheseprograms.

The courses offered by MMA covered a diverse range of topics. Some of the courses included eleven months course in Executive Diploma in Business Intelligence(EDBI), Growing Big, HR Analytics, Business English, Marketing Analytics, Lean Six Sigma, Basics of Data Visualisation using MS Excel & Power BI, Project Management, Digital Marketing, Business Writing Skills, Advanced Excel for Finance Professionals, Finance for Non-Finance Executives, Analysing and Visualising Data with Interactive Dashboards in Excel and PowerBI, Corporate CommunicationforSecretariesandAssistants,SpokenHindiandSpokenTamil.

These courses were aimed at providing managers with valuable skills and knowledge in specific areas. The details of the Certificate Courses organized throughout the year can be foundintheAnnexure.

The Certificate Courses offered by MMA have been highly regarded as a prominent initiative for the development of managers.

MMASTUDENTS CHAPTERS

MMA Students Chapters are currently active in numerous academic institutions across Tamil Nadu and Puducherry

MMA places great emphasis on the development of management students and actively promotes the establishment of MMA Students Chapters in educational institutions that offer management education. These chapters serve as a valuable bridge between MMA and the managementstudentcommunity.

MMA Students Chapters are currently active in numerous academic institutions across Tamil Nadu and Puducherry. They engage in a wide range of activities that contribute to the holistic development of management students. These activities encompass various areas and provide students with opportunities to enhance their knowledge, skills and practical understandingofmanagementconcepts.

Though the MMA Students Chapters, students are exposed to industry experts, guest lectures, workshops, seminars, and other interactive sessions. Value Added Courses in NLP, TQM, HR Analytics, Business Analytics were conducted. These events enable students to gain insights into real-world business scenarios, learn from experienced professionals and expand theirprofessionalnetwork.

MMA’SEXECUTIVE EDUCATION PROGRAMMES

Seminars, workshops, experience-sharing programmes, and corporate training

MMA’sExecutiveEducationProgrammesincludingseminars,workshops,experience-sharing programmes and corporate training remain popular. These programs cover a wide range of subjects and feature qualified professionals, eminent personalities and academicians as facultymembers.

In 2022-23, MMA collaborated with reputable professional bodies to organize seminars, conferencesandworkshops,furtherenhancingthequalityoftrainingprovidedtomembers.

MMA successfully planned and organized programs every month, expanding beyond Chennai to include locations such as Attur, Erode, Ambur, Hosur, Namakkal, Salem, Sri City, Trichy, Puducherry and Chengalpattu. These programs catered to the needs of all member segments,includingmanagementstudents.TheManagingCommitteecommendstheMMA Secretariatfortheireffortsinconductinghigh-qualityprogramsoutsideChennai.

MMA-KASPROJECTFOR ENTREPRENEURSHIP DEVELOPMENT

MMA has collaborated with the KonradAdenauer-Stiftung from Germany since 1989 to promote Entrepreneurship Development

This project aims to provide small and medium enterprises (SMEs) with the necessary knowledge and skills to succeed in business. Over the past 34 years, the project has adapted to the changing business landscape and focused on knowledge-oriented activities to meet thedemandsoftheSMESector.

During this 34-year period, the project has made significant progress in both quality and quantity. A total of 6,910 training activities have been conducted, with 13,14,942 participants benefiting from them. Please refer to the Annexure for detailed information on the training activitiesconductedduringtheyear.

MMA expresses deep gratitude and appreciation to the Konrad-Adenauer-Stiftung and specificallyto Dr Adrian Haack, Director-IndiaOffice,KASforhisunwaveringcooperationand supportinfacilitatingtheMMA-KASEntrepreneurshipDevelopmentProjectactivities.

Dr Adrian Haack, Director-India Office, KAS

KASJOINTSTAFF DEVELOPMENT PROGRAMME

The Joint Staff Development Programme (JSDP) 2022, organized by the Konrad Adenauer Stiftung (KAS), is a unique initiative aimed at the joint development of staff from various partner organizations of KAS. This annual program brings together around 80 individuals from over 14 partnering organizations across the country to exchange experiences, learn fromeachother,andaddresscommonissuesofinterest.

The JSDP 2022 took place from October 15th to 18th in Varanasi, focusing on the theme "An Inclusive Agenda: Where we stand and where to go??". MMA actively participated in this year'sJSDPandmadeapresentationaswell.

The program was highly successful, receiving excellent feedback on the content, speakers, andoverallarrangementsinVaranasi.

The Joint Staff Development Programme is a unique initiative aimed at the joint development of staff from various partner organizations of KAS.

BUSINESSMANDATE

Business Mandate,

It features high-quality management articles that are highly sought-after by both industry professionals and academia. In its digital format, the magazine reaches a wide audience of over80,000readerseverymonth.

The magazine's columns also highlight the best practices of successful small businesses that have emerged as industry leaders, as well as showcase new companies that have been inspiredbyinnovativeandcreativeideas.

Through advertising in Business Mandate, you can drive readers and viewers to your product or business pages. The magazine offers the opportunity to directly link your creative advertisements and promotional content to your website, social media pages, videos, or landingpages,allowingreaderstoeasilyaccessandexploreyourofferings.

By leveraging the digital advantage of Business Mandate, you can effectively deliver critical sales material to decision-makers in the appropriate format, maximizing your reach and impact.

MMA Digital Magazine -

has evolved into a valuable source of information over the years

KONRADADENAUER LIBRARY

E-LIBRARY

MMA took a significant step towards digital transformation with the launch of its Digital Library on November 29, 2021. This forward-thinking initiative was highly appreciated by MMAMembers.

Throughout the year, the MMA-KAS Digital Library expanded its offerings to benefit members. Over 3,500 ebooks were added, providing a wide range of resources for members to access and explore. Additionally, the library incorporatedavastcollectionof1.4millionelectronictheses and dissertations from over 320 universities worldwide. This extensive repository of academic work enables members to accessvaluableresearchandscholarlymaterials.

The introduction of the MMA Digital Library signifies the organization's commitment to embracing technological advancements and providing convenient and comprehensive resources to its members. This initiative opens up a world of knowledge and information, empowering MMA members to enhance their learning and stay up to date with the latest academic research from acrosstheglobe.

the year, the MMA-KAS Digital Library expanded its offerings to benefit members

LIVECASTING

MMA Webcasting, Live on YouTube and Facebook

MMA is dedicated to achieving excellence, perfection, and delivering high-quality events. To ensure wider accessibility and convenience, MMA has institutionalized live webcasting of most of its events. This enables both members and the general public to watch these managementprogramsattheirconvenienceandbenefitfromtheinsightfuldiscussions.The initiativeofwebcastingeventsreceivedgreatappreciationfromthemanagementfraternity.

In addition to webcasting, MMA also offers live streaming of events on popular social media platforms such as YouTube and Facebook. This further expands the reach of MMA's programsandallowsabroaderaudiencetoengagewiththecontent.Throughouttheyear,a significant number of viewers 4, 50,556, watched MMA's programs through the MMA social mediaportals.

By leveraging these digital platforms, MMA ensures that its events are accessible to a wider audience, promoting knowledge sharing and providing valuable insights to both its members and the general public. This initiative demonstrates MMA's commitment to embracingtechnologyanddeliveringitsprogramsinawaythatmeetstheevolvingneedsof themembers.

VOICEOFMMA

MMA's radio initiative, Voice of MMA, serves as a valuable platform for reaching out to a wide audience across India

SOCIALMEDIA

MMA’s social media accounts regularly feature highlights and brief narrations of recently concluded events

MMA actively maintains a strong presence on various social media platforms, including Facebook,Twitter,LinkedIn,InstagramandYouTube.Throughtheseplatforms,MMAensures continuous engagement with its audience by providing timely updates on major events and initiatives.

MMA’s social media accounts regularly feature highlights and brief narrations of recently concluded events. This allows members and followers to stay informed about the key discussions and outcomes of these events. Additionally, MMA utilizes social media to keep members informed about upcoming events, ensuring they are aware of the latest opportunitiesforprofessionaldevelopmentandnetworking.

MMA's YouTube Channel hosts content relating to management topics.

By actively leveraging social media platforms, MMA effectively reaches a wider audience and fosters a vibrant online community. These platforms serve as valuable channels for disseminating information, sharing knowledge and engaging with members, professionals andstudentsinterestedinmanagement-relatedtopics.

MMA’s active presence on social media demonstrates its commitment to leveraging digital platforms for effective communication and connecting with its stakeholders in an engaging andaccessiblemanner.

https://www.mmachennai.org/pages/livestream

Facebook:facebook.com/mmachennai

Instagram:instagram.com/mmachennai

YouTube:youtube.com/MadrasManagementAssociationChennai

Podcast:https://i-radiolive.com/#!/aod/VoiceOfMMA

Twitter:twitter.com/mma_4u

LinkedIn:linkedin.com/in/madras-managementassociation

Website:www.mmachennai.org

MMALOCALCHAPTERS

MMA has established Local Chapters in several cities across Tamil Nadu and Puducherry namely Ambattur, Attur, Erode, Ambur, Hosur, Namakkal, Salem, Sri City, Trichy, Puducherry and Chengalpattu. These Local Chapters have been set up to specifically cater to the needs of small and medium enterprises (SMEs). The aim is to extend professional management beyondChennaiandensurethatindustriesinthesecitiesalsobenefitfromMMA’sexpertise.

As part of this strategy, MMA has planned and organized a diverse range of programs every month,notonlyinChennaibutalsointheseLocalChapters.Theseprogramsaredesignedto meet the needs of various segments including MMA members, corporates, and managementstudents.

The efforts of MMA in conducting high-quality programs in cities outside Chennai have been highly appreciated. By expanding their activities to these areas, MMA is spreading excellence inmanagementandmakingapositiveimpactonindustriesacrossthestate.

MMA's outreach program through Local Chapters reflects their commitment to promoting professional management practices and fostering growth and development beyond the boundariesofChennai.

LECTURESERIES

The Leaders Speak lecture series is a significant event organized by MMA with the objective of offering its members a platform to engage with distinguished individuals. These eminent personalities can be successful businessmen, senior executives from various industries, governmentofficials,orrenownedfiguresfromtheacademicworld.

Leaders Speak serves as a valuable forum for the exchange of knowledge, ideas, principles and practices within different organizations. By facilitating interactions between MMA members and these accomplished individuals, the lecture series creates opportunities for learning,inspirationandtheexplorationofdiverseperspectives.

The event allows MMA members to gain insights from the experiences and expertise of leaders who have achieved remarkable success in their respective fields. Through these interactions, participants can broaden their understanding, enhance their leadership skills and acquire valuable insights into various aspects of business, industry, government and academia.

Lecture Series on “Success Stories – How It Was Done!”

The "Success Stories - How It Was Done!" lecture series organized by MMA featured renowned industrialists who have successfully built significant brands. These accomplished individuals were invited to share their visions and the key factors that contributed to their success. The focus of the series was on highlighting the pivotal moments in their success stories,thechallengestheyencountered,andhowtheyovercamethoseobstacles.

TheinsightssharedbythespeakershaveproventobehighlyvaluableandinspiringforMMA members. By hearing firsthand accounts of these successful individuals, members gain valuable lessons and reflect on the learnings that can be applied to their own professional journeys.

Each talk in the series was chaired by immensely eminent personalities, adding to the prestige and impact of the events. The presence of these distinguished chairpersons made thelectureseriesallthemorememorable,creatinganatmosphereofwisdomandexpertise.

The speakers, chairpersons and audiences expressed great appreciation for the relevance and significance of the talks. The success stories shared during the series not only provided inspiration but also offered practical insights and strategies that members could apply in theirownendeavors.

This lecture series exemplified MMA's commitment to providing its members with valuable learning experiences and opportunities for personal and professional growth. By showcasing real-life success stories and inviting accomplished individuals to share their journeys, MMA continuestofosteracultureoflearning,inspirationandexcellenceamongitsmembers.

MMAREAD&GROW

MMA's "Read & Grow" series is a book review program that features eminent panelists discussing carefully chosen books

Recognizing the significance of books in nurturing the mind, heart and soul, MMA firmly believes in the adage "Today a Reader, tomorrow a Leader." Especially during challenging times, reading and writing help alleviate feelings of isolation and provide a valuablesourceofinspiration.

Books have the power to encourage a thoughtful, human-centric approach to work and life. They promote conscious living and the development of value-based businesses and professions by fostering compassion and appreciationforbothpeopleandtheplanet.

To cultivate a culture of reading and personal growth, MMA has introduced the engaging "Read & Grow" series, which takes place every third Friday of the month. This program combines book reading with panel discussions, creating an interactive platform for MMA members to freely exchange ideas and perspectives on the chosen book's theme. The panel comprisesexpertsinthefield,andtheirinsightsenrichthediscussions.

The "Read & Grow" series not only encourages members to develop the habit of reading books but also aims to nurture writing skills. The program provides a platform for members who have authored books to showcase their work and share their experiences. It also serves as an inspiration for student members to embrace the reading habit and develop their own writingabilities.

This series exemplifies its commitment to fostering a culture of continuous learning and personal development among its members. By engaging in thoughtful book discussions, MMA members have the opportunity to broaden their knowledge, gain new perspectives andenhancetheirunderstandingofvarioussubjects.

MMAWOMENBUSINESS FORUM

Throughout the year, MMA organizes numerous events under the Women Business Forum

MMA’sWomenBusinessForumisaplatformthatrecognizestheresilienceandstrengthof womenwhohaveovercomenumerousobstaclestosucceed.Whilewomen'svoiceshave become more powerful and assertive, there is still work to be done to ensure their full participationinsociety.Inemergingmarkets,womenfaceuniquechallenges,buttheyare harnessingthepoweroftechnologytoadvancetheirbusinesses,careersandfamilies.

Underthetheme"HearHerVoice,"theWomenBusinessForuminvitesthoughtleadersto sharetheirprofoundinsightsandexperiences.Thediscussionsandpresentationsinthese events are inspiring and thought-provoking, particularly for women professionals and entrepreneurs. The forum serves as a platform for women to connect, learn and gain inspirationfromoneanother.

Throughouttheyear,MMAorganizesnumerouseventsundertheWomenBusinessForum, addressing various topics relevant to women's empowerment and advancement. These events provide opportunities for networking, learning and sharing best practices. By fosteringasupportiveandinclusiveenvironment,MMAencourageswomentobreakbarriers andachievetheirfullpotential.

The Women Business Forum demonstrates MMA's commitment to promoting gender equality, empowering women and creating opportunities for their professional and personal growth. By amplifying women's voices and celebrating their achievements, MMA aims to create a more inclusive andequitablesociety.

INNOVATIVEAPPROACHES INCORPORATEINDIA

Industries, Institutions, Members, management professionals have an opportunity to participateinMMA’sprestigiousawards.

Award Functions are MMA's Initiative in recognizing and encouraging achievers through different awards. The Award consists of Trophy, Citation and Cash Awards. The following Awards are presented after examining nominations followed by process recommended by thePanelofJury:

MMAAwardsforManagerialExcellence

MMA-AmalgamationsBusinessLeadershipAward

MMABestYoungManagerAward

MMAOutstandingWomanManageroftheYearAward

MMAMBAAward

MMAChanakya–TheMastermindAward(TheBestManagementStudentoftheyear)

CavinKare-MMAChinnikrishnanInnovationAwards

MMA has been in the forefront to foster and enhance excellence in Management, Entrepreneurship and Outstanding Contribution to Society.

MAME Awards – Recognition for Managerial Excellence

The MMA Awards for "Managerial Excellence" were established by the MMA (Madras Management Association) in 2002 to recognize and reward outstanding managerial thinking, action and measurable results in various sectors. These awards encompass four categories: manufacturing, services, MSMEs (Micro, Small, and Medium Enterprises) and education.

MMA's primary objective is to promote knowledge, education and the adoption of effective management practices. The awards specifically target companies and institutions that have theircorporateorregisteredofficesinthesouthernstates.

Theevaluationprocessoftheawardsconsidersseveralcrucialaspectsoftheorganizationsin each category. These include their vision, goals, financial performance, initiatives taken, corporate social responsibility, quality of management processes and growth in market share.

In the manufacturing category, the awards focus on recognizing excellence in managerial practices and achievements within the manufacturing sector. It encompasses industries involvedintheproductionofgoods.

In the services category, the awards recognize exemplary managerial thinking, action and outcomes in service-oriented industries such as healthcare, hospitality, financial services, information technology and more. The MSMEs category acknowledges managerial excellence in Micro, Small, and Medium Enterprises. This category targets smaller businesses and recognizes their achievements in terms of management practices and measurable results. Lastly, the education category evaluates the managerial excellence demonstrated by

MMA-Amalgamations Business Leadership Award

The MMA-Amalgamations Business Leadership Award was instituted in 1969 by the late Mr. A Sivasailam in memory of his father the late S Anantharamakrishnan, Founder of the Amalgamations Group. The award is presented once in two years to an Indian business leader, adjudged as outstanding by a panel of eminent jurors forming the selection committee.

The awardee also delivers the Anantharamakrishnan Memorial Lectureattheawardfunction.Thelast recipient of the MMA –Amalgamations Business Leadership Award 2019 was Mr Azim Premji, Chairman,WiproLtd.

MMA MBA Awards

The MMA presents the MMA Awards to recognize the first rank holders in MBA from Anna University and the University of Madras. These awards consist of a cash prize of Rs. 10,000 each. The primary objective of the MMA-MBA Award is to promote and encourage academic excellence in the field of management studies by acknowledging and rewarding the academicachieversinMBAcoursesfromtheseuniversities.

The MMA-MBA Awards for the top rank holder from Anna University is supported by V Narayanan Memorial Endowment Award - Pond’s Veterans, while the award for the top rank holder from the University of Madras is supported by the Dr Nirmala Prasad MOP Endowmentfund

Traditionally, these awards are presented annually during the All India Management Students Convention, an event where management students from across the country gather.

By recognizing and rewarding the first rank holders in MBA from Anna University and the University of Madras, the MMA aims to inspire and motivate students to strive for academic excellenceinthefieldofmanagementstudies.

MMA Best Young Manager Award 202326th MMA Competition for Young Managers

Since 1996, MMA has been organizing the MMA Competition for Young Managers. This competition provides opportunities to young managers to demonstrate their knowledge, experience, professional excellence and creativity in the larger interest of the management community.

The Competition is held every year as a run up to the MMA Annual Convention on the same themeastheConventionandisrestrictedtoManagersbelow40yearsofage.

This year’s Competition on the theme “India’s Century: How to drive Sustainable, Inclusive growth?”wasconductedon17thFebruary2023

The competition was won by the team from Saint Gobain led by Ms Ramya S, Ms Shreya V andMsSaranyamalaT

Ms Rama Ippili from Indian Oil Corporation Ltd was chosen as the Best Young Manager for theyear2023.

22nd MMA Outstanding Woman Manager of the Year Award 2023

The MMA Competition for the Outstanding Woman Manager of the Year Award is a part of MMA’s effort to help the Women Managers improve their professional excellence. The Competition is held every year since 2002 as a run up to the Women Managers’ Convention organisedontheoccasionofInternationalWomen’sDay.

The theme of this year’s competition was “The Extra Mile”. The Oral Presentation was held on 16thMarch2023 to select the Winner of the MMA Outstanding Woman Manager of the Year Award2023.

Ms Swarna Sudha Selvaraj, TATA Consultancy Services was chosen as “Outstanding Woman ManageroftheYear2023”awardwhichincludedacashprize,atrophyandaCertificate.

The Outstanding Woman Manager of the Year award 2022: Ms. Swarna Sudha Selvaraj of Tata Consultancy Services.

11th CavinKare-MMA Chinnikrishnan Innovation Awards 2022

In the year 2011, CavinKare launched Chinnikrishnan Innovation Awards, in memory of Late Shri R Chinnikrishnan (Father of Mr. C K Ranganathan, Chairman & Managing Director, CavinKare Pvt Ltd). Mr Chinnikrishnan had a vision and believed that ‘whatever a rich man enjoys, a common man should be able to afford’.Since its inception, Chinnikrishnan Innovation Awards have stood out in its steadfast support of innovative ventures started by small and tiny industries, businessmen and businesswomen. The CavinKare - MMA Chinnikrishnan Innovation Award 2022 this year recognized three such Entrepreneurs who wentontousetheircreativitytofindsolutionstoproblemefficiently.

The eminent jury comprised of Mr Clement Joshua Foulger, Country Head & Managing Director, Bharat FIH Ltd, Ms Shuba Kumar, Managing Director, Natesan Synchrocones Pvt Ltd, Mr Sendhil Naathan, Managing Director, TANFAC Industries Ltd, Dr Shankar M Venugopal, Vice President, Mahindra & Mahindra Ltd. Dr Asit K Barma, Director, Bharathidasan Institute of Management and Mr G V Anand Bhushan, Director – Legal, Facebook.

The call for nominations process received 325 applications from all over India, where the nominees were interviewed under various stringent guidelines streamlined by the Process Advisor E&Y. The Awards function was telecast in the National TV - CNN News 18 whichwas watchedbylakhsofviewersfromalloverthecountry.

Winners of 11th CavinKare-MMA Chinnikrishnan Innovation Awards 2022 along with the Chief Guest Mr Alok B Sriram, Senior Managing Director & CEO, DCM Sriram Industries Ltd, Mr C K Ranganathan, CMD, CavinKare Pvt Ltd and other dignitaries during the Awards Function held on 22 October 2022 at IITMadras Research Park Auditorium, Chennai

FINANCIAL PERFORMANCE

MMA’s Financial Performance for the year 2022-23 has been positive considering the current environment. Revenue generation has shown an upward trend resulting in significant additions to the General Fund. This growth can be attributed to increased income from subscriptions, improved surplus at conventions with support from sponsors, higher revenue from training programs and cost reduction measures. The surplus generated is being reinvested in infrastructure improvement and enhancing the quality of MMA’s offerings to its.

The highlights of financial performance are outlined in the tables that follow:

ACKNOWLEDGEMENTS

Needlesstosaythatalltheactivitieswouldnothavebeenpossiblewithoutthecommitment and team work of MMA Managing Committee Members, Members of Faculty and the winningteaminMMASecretariat.

MMA also thanks the Past Presidents of MMA who continue to be a pillar of strength. Their involvementandsupportinvariousactivitiesofMMAishighlycommendable.

The Managing Committee places on record, its grateful thanks to the Konrad- AdenauerStiftungfortheirsupporttoMMAandinparticulartoDrAdrianHaack,Director–IndiaOffice, Konrad-Adenauer-Stiftung.

MMA would like to thank the Chairpersons and Members of various Boards and Centres and Chairmen of MMA Local Chapters who have successfully organized programmes in their respectiveareasandkepttheflagofMMAflying.

TheManagingCommitteealsothanksthefollowingorganizationswhohavebeenassociated inourjointactivitynetwork:

AllIndiaManagementAssociation

AndhraChamberofCommerce

CoachingFoundationIndiaLtd

Instituteof Directors

HindustanInstituteofTechnologyandScience

IIMAAlumniAssociation,ChennaiChapter

IIMCAlumniAssociation,ChennaiChapter IndianInstituteofFoundrymen

IndianInstituteofTechnologyMadras

MurugappaGroup

PolicyMatters

RBupathy&Co.,

RegionalLabourInstitute,GovernmentofIndia

ProjectManagementAssociates,ChennaiChapter

The Managing Committee would like to thank all the members of MMA for their continued support to the Association.

NationalInstituteofPersonnelManagement(NIPM)

IndianSocietyforTraining&Development(ISTD)

NHRDNetwork

InstituteofAnalytics

ThePeninsulaFoundation

PondsVeterans

Sattva

DhwaniFoundation

ChennaiCentreforChinaStudies

CentreforContemporaryCulturalStudies

SocietyforAuditors

The Managing Committee thanks The Hindu Business Line for supporting numerous MMA EventsandAwardsasPrintCommunicationsPartner.

The Managing Committee would like to thank all the sponsors for their generous support for theactivitiesofMMAduringtheyear.

The Managing Committee places on record its appreciation to Prof Kamakoti Director, IndianInstituteofTechnologyMadrasforhiscontributioninservingasChairmanoftheMMA ElectionPanelandalsoforprovidingassistancefromhisSecretariatforconductingtheMMA ElectionProcessatIITMadras.

The Committee would like to thank Mr P S Raman, Senior Advocate and Former Advocate General, Government of Tamil Nadu for the valuable services he has rendered in the past wheneverweneededhisadviceandcounselonlegalissues.

TheCommitteethanksMrGVAnandBhushan,FounderPartnerofBhushanRajaramforthe valuablesupportrendered.

The Committee thanks our statutory auditors, Deloitte Haskins & Sells, Chartered Accountants and Srihari & Co., Chartered Accountants, our internal auditors for their excellentservicerenderedduringtheyear.

The Managing Committee also records its sincere appreciation of the loyalty and devotion to duty shown by the staff of the MMA Secretariat ably headed by Gp Capt R Vijayakumar (Retd),VSM,ExecutiveDirector,MMA.

Letuscontinueourmarchforwardinsearchofgreaterexcellence.

ByOrderoftheManagingCommittee,

Place: Chennai 06

Date: 7 June 2023

Suresh Raman President

Madras Management Association

Madras Management Association

Income & Expenditure for the year ended March 31, 2023

Accounting Policies and Notes (Schedule 15)

The accompanying schedules form an integral part of the Financial Statements.

In terms of our report attached For Deloitte Haskins & Sells

Chartered Accountants

Place: Chennai Suresh Raman V Shankar

Date : July 3, 2023 President Vice President & Hon. Treasurer

Ananthi Amarnath Partner

(Membership No: 209252)

A Joyful Triumph for MMA: The Unstoppable Force !

Thrilled to be honored as the Best Management Association in India for the 13th consecutive time, including the exceptional year 2021-22.

Dear Members, your boundless inspiration and unwavering support have propelled MMA to these soaring heights. You are the heartbeat that fuels our relentless pursuit of greatness !