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-KAS Partnership

MMA has been privileged to collaborate with the Konrad-Adenauer-Stiftung (KAS) from Germany since 1989 to promote Entrepreneurship Development. This long-standing partnership aims to equip SMEs with the knowledge and skills necessary for business success. I would like to express my sincere gratitude to KAS, especially Dr Adrian Haack for his unwavering support to MMA.

MMA CSR initiative

I am pleased to share that our CSR initiative, in collaboration with ACSYS Investments, A.S. Trust, and Super Auto Forge, has garnered excellent feedback from schools, students, and parents. The skill development activities conducted under this initiative have been extended to eight schools, benefiting a significant number of students. We reached out to 7068 students and logged 98052 of impact hours. This accomplishment fills us with immense pride, and we believe that this initiative has the potential to make a profound difference in the lives of government-aided school students in the years to come.

None of this would have been possible without the generous support of our donors.

I would like to extend my sincere appreciation to Mr V Shankar, Director, ACSYS Investments, As Trust and Mr S Seetharaman, Chairman, Super Auto Forge, for their valuable contributions. We are confident that with the continued support of more donors, this initiative will become a true game-changer for government–aided school students.

MMA Award for Managerial Excellence

MMA Award for Managerial Excellence was presented during the MMA 66th Annual General Meeting (AGM) on Friday, 8th July 2022 at 6.00 pm at MMA Management Centre. The MMA Management Committee, in consultation with Deloitte, presented the award to Carborundum Universal Ltd (CUMI), TANFAC Industries Ltd and NTECL.

Key updates during the year 2022 -23

I am delighted to present the key updates and accomplishments of MMA during 202223, a remarkable year, filled with successful events and meaningful engagement.

~ MMA Annual Convention 2023

Our flagship event, held on Saturday, 25th February 2023 at the IIT Research Park Auditorium, had the theme “India’s Century: How to drive Sustainable, Inclusive Growth?”. It witnessed participation of 844 management professionals from the industry. Additionally, the event was live-streamed, attracting over 19,000 online participants. The convention served as a platform for insightful discussions and exchange of ideas.

~ 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?