Monthly Archives: January 2016

Placement Bonanza 2016 @ MITSOT

MIT School of Telecom Management has achieved two mile stones in the year 2016. Digital India Brand Ambassadorship and Stunning Placement for Batch 2016” in short span of time (Oct – Dec.). We are proud to announce that from current batch (2015-17) onwards, MITSOT is providing MBA in Systems, Marketing, Finance & HR.

It was a windfall of Final Placements at MITSOT in the closing months of year 2016 with 70% students getting job offers from leading companies. Most of the jobs offered by the corporates which turned up for Final Placements 2016 are for positions in Chennai, Mumbai, Bangalore, Delhi and Pune. More than 50 companies across all verticals participated in the process till date according to the official MITSOT Placement Report

Several prestigious firms made MITSOT their priority and visited the campus for the first time including Sify Technologies, Contakt Tech Solutions, Loment, Savex Technologies, Etech Global Services, HIL, Searce, FedEx, American Express & many more. In terms of number of offers, “Indus Towers (6), Airtel (6), Just Dial Ltd. (6), Contakt Tech Solutions (6)” led the way.

.MITSOT Placement Report states that 65% of the Systems batch are placed & took up roles ranging from Area Sales Manager, Network Manager, Sr. Engineer Design, R&D Manager, Sr. Associates Business Development Manager to Business Analyst. The top recruiters for System specialization are Sigma Software Solutions, Searce, Airtel, Vodafone, Idea Cellular Ltd., Contack Tech Solutions, Sify Corporation Ltd., Savex Technologies, Loment, Tech Mahindra, KPIT, Reliance Communications, Etech Global Services, Indus Towers, TATA Technology & others.

 Several doyens from the industry personally visited the campus and were lavish in their praise for the institute.

Mr. Daniel Alex (President – Telecom Business) – Sify Technologies, said Thank you so much for extending a very cordial environment at MITSOT. It was a very good insight into the facilities and infrastructure at MIT Group and I am sure your college will go a long way from here by leveraging this truly world class infrastructure. Thanks again and we look forward to extending our relationship in future”.

Mr. Arun Kumar (Head – Talent Acquisition) – Indus Towers said “We extend our heartfelt thanks to the entire team for being with us through the process and ensuring the class ambience and the best arrangements. MIT certainly holds a significant contribution in our aggressive and progressive growth plans”.

The industry sectors which predominantly offered roles in Sales & Marketing were Redington, Globe IT Solutions, ISS Facility Services, Carwale.com, Hyundai, Berger Paints, American Express, Transparency Market Research, Jupiter Infomedia, Verdantis, Tranzlease Holdings, Naukri.com & Deskera. In the broader marketing domain, firms such Just Dial Ltd., Decathlon, Jaro Education, MICPL & FedEx made offers to several marketing enthusiasts. We have crossed 86% benchmark in Marketing Batch Placement as on date.

Mr. Suvendu Choudhury (Sr. Manager) – FedEx, said “It was good to interact with the fine , young and bright students and share experiences with them. Thank you for the warm welcome.Industry-academic interactions are very important for the student’s career as they get the real perspective of how things work and what is expected out of them.

Mr. Ranjit Singh Sodhi (Circle Head) Reliance Communications said “It was a pleasure to meet your students at your campus. I enjoyed every moment with your team. Thanks a ton for the warm hospitability extended”.

Amongst Financial Institutions, Aditya Birla Money, Capital Via, HDFC Bank, Capstone Securities Ltd., SNL Financial, HDB Financial Services Ltd., ICICI Securities, XL Dynamics, Reval Analytical Services & Darashaw have already visited the campus. Some more Banks and Financial firms are expected to visit MITSOT in the weeks ahead.

IT companies and Telecom sector is back in business. According to information made available by T&P department, the highest salary of Rs 8.50 lakh per year is offered by Sify Technologies & Indus Towers. The average package level is 4.50 lakh this year.

MITSOT is Proud of its Placement Team, Faculty Mentors and lastly but most importantly, Proud of the Students who have grabbed the well-deserved opportunities quite before time.

VIIth CONVOCATION – JANUARY 23, 2016

MIT SCHOOL OF TELECOM MANGEMENT, PUNE

VIIth CONVOCATION – JANUARY 23, 2016
REPORT ON THE GRADUATING CLASS 2013-2015 & AWARD WINNERS &
SOME SALIENT ACCOMPLISHMENTS

The 7th Annual Convocation Ceremony of MIT School of Telecom Management (MITSOT), for the Batch: 2013-15 students, was held at Sant Dnyaneshwara Hall, MIT College Campus, Paud Road, Kothrud, Pune on 23rd January 2016.

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Dr. Milind Pande Sir, Project Director, MITOST welcomed the guest and highlighted the various achievements and recent development at the Institution.

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The chief Guest Mr. Ashwin Jaiswal, Head IT Business Consulting – Telecom, Media Enterprise, Reliance Communications complimented MITSOT for its great achievements. He guided the students on the importance of struggle in life. He threw light on how dream along with disruption is going to bring the turning point in their life. He urged the students to look around and learn. He underlined that the students are fortunate and are privileged to be in the Telecom Sector. He concluded the speech with simple message that student should have self-belief and follow their passion.

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Mr. Pritam Parvatkar, Global Head Strategic Business Alliances, Tech Mahindra, the guest of honour shared his words of wisdom and showed the willingness to help the young minds. He appealed the students to make a difference to the world. He urged the students the need to feel like going to the office. He shared thoughts on transformation of IT into Digital Technology.

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Dr. Vishwanath D Karad, Founder- President and Director General, MAEER’s MIT Pune, presided over the ceremony. He reminded that the words of Swami Vivekananda will be realised in the 21st Century and India will be emerge as the Knowledge corridor of the world. This will be the century of mother India. He also said that religion is nothing but performing one’s duties. Religion is simply a way of life. The whole universe is the manifestation of pure intelligence and pure consciousness. He concluded that Union of Science and Spirituality alone will bring peace to the mankind. Dr. Karad dwelled upon the need for research on understanding networking and chemistry of minds.

The passing out students were blessed by the Founder & Executive President of MAEER’s MIT, Pune, Hon. Dr Vishwanath. D. Karad, in his Presidential Speech.

The renowned scholar and Entrepreneur Dr. Venkata Magetti, Founder & CEO, Loment Corp., Chicago, USA blessed the students.

The ceremony was graced by stalwarts from the Industry, Academia and Digital and Print Media besides Alumni participants of MITSOT.

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The function was attended by the both visiting and regular faculty members, non-teaching staff & students of the Institution.

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The number of students who were awarded Degree Certificates at this convocation was 49. Besides the award of degree at the Institute, students were also awarded various prizes and medals for their meritorious and extracurricular performance. This reciprocal speech was given by Ms. Dhanashri Kulkarni, MS. Sravya Madala and Ms. Deepti Malani.

CFO MEET : “Know your Numbers, Know your Business: The Path to Success”

MIT School of Telecom Management (MITSOT)

logo

presents

CFO MEET

A unique panel discussion and interaction of Industry CFOs with MBA students
Know your Numbers, Know your Business: The Path to Success
Saturday, 9th January 2016 : 1000 hrs to 1230 hrs
Sant Dnyaneshwar Hall, MIT Campus, Paud Road, Kothrud, Pune

POST EVENT WRITEUP

MIT Pune’s MIT School of Telecom Management (MITSOT) organized the first ever CFO Meet on Saturday, 9th January 2016 at the MIT Campus in Pune. The objective of this Meet was to give the students an opportunity to benefit from the expertise of leading senior financial professionals from Industry and interact on a variety of issues which will assist them in their future careers. These CFOs represented diverse sectors such as IT & Telecom, Manufacturing, Financial Services and Bio Fuels. The Meet which was organized in the form of a Panel discussion comprised of the following CFOs :

Felicitation of Panelists by Project Director, MITSOT
Felicitation of Panelists by Project Director, MITSOT
  1. Mr S Balasubramaniam, CFO, Zensar Technologies Ltd
  2. Mr Dattatraya Nimbolkar, CFO & Company Secretary, Praj Industries Ltd
  3. Mr Suresh Ghotage, CFO, Atlas Copco India Ltd
  4. Mr Makarand Date, CFO, MTU India Pvt Ltd
  5. Mr Sudipta Marjit, Principal, Tata Capital Ltd (Panel Moderator)

Prior to the event, a small note was circulated amongst all the panelists with regards to the suggested focus areas to be covered during the Panel discussion. This note was prepared by MITSOT in consultation with the Finance faculty and the objective was to ensure that the panelists cover all the relevant points from the students’ perspective and at the same ensure everyone is on the same page.

Panelists-responding-to-students-queries
Panelists-responding-to-students-queries

Accordingly, the panelists too in a short meeting prior to the Meet, divided the areas that each panelist would cover, depending on their areas of expertise and industry sector that they represented. This format, devised by the Panel Moderator Mr Marjit ensured that we had an interesting session and almost all relevant areas were covered. Some of the points that were discussed were as follows :

Mr Sudipta Marjit, Principal, Tata Capital Ltd

  • He highlighted about the growing focus on VUCA (Volatality, Uncertainity, Complexities and Ambigiuty) Environment which is going to prevail in the times to come. This will demonstrate how people view the conditions under which they make decisions, plan forward, manage risks, foster change and solve problems. He added that modern day managers will have to gear up to face this challenging environment. However, manager should look at VUCA as an opportunity.
  • He further stressed on the emergence of mobile money / wallet with the likes of Paytm and how Digital Engagement is fast becoming integral for the buyers. He also spoke on the new opportunities for finance students in digital organizations which he felt will become the norm for the future. He cited the example of Banks which are soon becoming virtual and how more opportunities will arise in the digital space.

Mr S Balasubramaniam, CFO, Zensar Technologies Ltd:

  • He shared his views on the demographic dividend of India and that of India being a primarily consumer-driven economy rather than producer.
  • He lauded the efforts on the digitization front through Digital India campaign.
  • He highlighted new job opportunities available due to the boom of Ecommerce players like Flipkart, Snapdeal, Amazaon India etc.
  • He talked about the paradigm shift these days quoting the example where CFO meets are held on Google hangouts.

Mr Dattatraya Nimbolkar, CFO and Company Secretary, Praj Industries Ltd:

  • He stressed on the growing importance of Corporate Governance.
  • He threw light on emerging issues like IFRS, GST, Enterprise Risk Management etc.
  • He gave the mantra for success to the students “ CONTROL ON NUMBERS” and willing to learn.

Mr Suresh Ghotage, CFO, Atlas Copco India Ltd:

  • He spoke on the importance of developing the RIGHT ATTITUDE – having open mind, acceptance of different cultures, adaptability, need to focus on basics eg. learning to analyze Balance Sheet, knowing accounts in full, importance of starting the career right from bottom and then learning & growing to reach the top

Mr Makarand Date, CFO, MTU India Pvt Ltd:

  • He spoke about the 3Cs – compliances, Control (ownership), Confidence (Stakeholders). He also highlighted about DQ – Digital Quotient, harnessing networks etc.
  • He added that for a finance professional Numbers are everything but also stressed on developing the ability to keep questioning the reliability of numbers and not just take them at face value.
  • He briefly described the Life of CFO – meetings, notices, burning mid-night oil, etc. This was a good learning experience for the students.
  • He mentioned that while the Company CEO is responsible for the growth of the top line, CFOs are held responsible for the bottomline.
  • He stressed on the importance of being a good ROLE MODEL – leaving the right legacy behind, highest standard of ethics and moral conduct, since numbers tell their tales even after a decade or two…
QA-session
QA-session

The students too responded with a lot of questions with respect to career choices in the financial space, which option to go for i.e. being a entrepreneur or manager, impact of GST on the economy etc.

View-of-Audience
View-of-Audience

The Students of Finance Class of 2015 sincerely worked day and night for the grand success of the CFO Meet & other related finance events like Business Plan in association with Lenovo (seed money of INR 10 lacs, Mock-Stock Game with ICICI direct, MONOPOLY, etc).

Employee Productivity Improvement Practices

Employee Productivity Improvement Practices with special reference to Employee Engagement as a Productivity Enhancement tool

-Prof. Dr. Sonali Saha

hrm

“Today’s business environment in IT companies is highly competitive, global, technologically enhanced, and rapidly changing” (Marilyn, 2001, p.1). To deal with these trends, businesses have been changing their internal operations and focusing on essentials such as teamwork, collaboration, sharing of resources, flexibility, modularity and expanded functionality.  In addition, Competitive survival is causing many IT Companies to turn more and more to  examining the “People side of the Productivity Equation”-there is a growing understanding that one of the key components for competitive advantage is the human capital assets – the employees and the intellectual value they bring to the table.  This is leading employers to continually seek new and creative ways to maximize their employees’ productivity *(Marilyn, 2001)*.

 

Companies realized the importance of Employee Engagement in the workplace environment in order to retain quality personnel, increase productivity, and maintain a competitive edge. With the increased focus on employee productivity, there is a corresponding increase in employee stress.  The enhanced pressure to be productive, and the associated stress many employees are experiencing, is proving to be a major source of risk for many businesses.*(Luparello, 2004)*

 

On the other hand in today’s competitive scenario, as markets become more globalized. Rising wage cost and the desire to move up the value chain for software services has prompted many Indian I.T. firms to go in for Personnel Productivity Enhancement. Therefore an investigation into the Employee Productivity Practices, its factors and inhibitors can go a long way in providing the companies a competitive edge. The role of researchers is to understand more about the inhibitors and facilitators   of employee productivity with special reference to Employee Engagement.

Engagement going to the heart of the workplace relationship between Employee and Employer, can be a key to unlocking Productivity and to transforming the working lives of many people for whom Monday morning is an especially low point of the week.

Since its conception, a number of researches have been carried out on Employee    Productivity, most of them in United States of America. A visible research gap exists in the area of identification and measurement of drivers of Employee Productivity.

 

Management’s new challenge is to create a work environment that attracts, keeps, and motivates its workforce. Generation X and Y have different expectations from the workplace than do Baby Boomers and mature workers. The typical Employer Employee Relationship need to be turned upside down. As organization move forward into a boundary less environment, the challenge is not just retaining talented people but fully engaging them i.e. capturing their minds and hearts at every stage of their work lives.