The MDP for NPC Employees’ Union Office Bearers & Executive Committee Members and NPCIL HR Executives was organized and successfully executed by MITSOT on 4th May 2017 at 007 Universal Resort”, Khandpe Village, near Karjat, Dist : Thane.
The overall theme was to impart the contemporary tools and techniques for bringing the effectiveness on professional and personal front.
Mr. R.B. Wadaskar, Manager (HRS&ER) interacted one week prior on the exact requirement of training and the training program was designed accordingly.
NPCIL nominated selected 20 participants to undergo this specially customized training program.
Mr. Kalyan Sundaram DGM PR & HR inaugurated the program .
The program started at 10 am. On 4th with the Presentation on MIT by the MITSOT faculty and ended by 6 p.m.
On 4th MITSOT faculty Mr. Charudatta Bhave addressed the participants on the following topics like
Everyone is Leader of his or her life.
Qualities of a Leader
Effective Habits will lead Better Interpersonal Relations.
Shift of Paradigms
Team Building takes the organization towards Maturity.
Maturity in thoughts as well actions brings Harmony
More the Harmony less the Stress.
Types of Stress.
Methods to manage stress effectively
All of the above concepts were learned through Activities.
The overall training was very interesting & interactive. Variety of activities were planned and executed to attract the maximum involvement of participants. The participants have enjoyed the same thoroughly.
Indian Small and Medium Enterprises (SME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. These enterprises play a catalyst role in the development of industrial and commercial activities.
Many successful managers and businessmen do not have any formal training in finance. Applying concepts of financial management is key to making right decisions and ensuring maximum returns. If you need a basic understanding of financial statements, product costing and working capital management, this is the course for you.
This course will help you to answer the following questions – How healthy is this business? What does the balance sheet tell me? How much is the company worth? Is this project really profitable? What do those annual reports mean? For how much should I sell the product? What are the costs involved? How do I manage my day-to day running of the business?
Who should attend?
Anyone working in SME sector. No prior knowledge or background in finance/accounting required, since the program would start from the basics of finance.
On completion of this course, the participants would be able to:
Read the financial statements – Balance Sheet and Income Statement
Do Product Costing and know BEP Analysis
Understand the meaning and importance of Working Capital
Understand Budgeting and different types of budgets
An Overview of Finance
Forms of Business Organizations
Primary and secondary market
How to Read the Balance Sheet
Capital and Debt
Reserves and Their Uses
Fixed Assets – Their Composition and Definition
Schedules to Balance Sheet
Creditors and Debtors
Deferred tax liabilities
How to Read Income Statement
Gross and Net Revenue
Operating and Other Income
Cost of Goods Sold
Profit Before Tax and Profit After Tax
Extra-ordinary and exceptional items
Cost Accounting and Budgeting
Break-Even Point and Break-Even Chart
Cost Reduction and Cost Control Techniques
Budgeting and different types of budgets
Managing Working Capital
Gross and Net Working Capital
Course Duration: 16 hours Date : 18th and 19th May 2017
Time : 9.30 am to 6.30 pm
Venue : MITSOT Pune
Fees : Rs 2000/- Per Participant as training charges
Faculty: Dr. Rashmi Paranjpye, MBA, Ph. D (Finance from Pune University) Industry Experience: 17 years, Academic Experience: 10 years
On successful completion of the course, participation certificate will be given.
For details / registrations: Contact Prof. Sangeeta Dokey at email@example.com, 9130079873 (during 11am. to 6:00 p.m.)
Adding another feather to its cap MIT School of Telecom Management (MITSOT) has been featured amongst the TOP 50 Institutes in Management category under the NIRF 2017.
Ministry for Human Resource Development (HRD), Government of India released the India Rankings 2017 on 3rd April 2017 in New Delhi. These Rankings known as National Institutional Ranking Framework (NIRF) are Rankings of Higher Educational Institutions for Performance across the country. Started last year, this year too, the Ministry has ranked the top universities, best management, engineering and pharmacy colleges.
Dr Milind Pande, Project Director MITSOT said MIT School of Telecom Management (MITSOT) is proud to feature amongst the TOP 50 Institutes in Management for the NIRF 2017. It is indeed a humbling experience for MITSOT since these rankings are based on a framework developed by Ministry of HRD, Govt. of India. Moreover, MITSOT is one of the only two institutions from Pune who feature in this list under the management category.
This framework outlines a methodology to rank institutions across the country. The methodology draws from the overall recommendations broad understanding arrived at by a Core Committee set up by MHRD, to identify the broad parameters for ranking various universities and institutions. The parameters broadly cover “Teaching, Learning and Resources”, “Research and Professional Practices”, “Graduation Outcomes”, “Outreach and Inclusivity,” and “Perception”.
This achievement highlights MITSOT’s strong commitment to continue its focus on core tenets of providing academic excellence, research and industry outreach.
MITSOT recently organized its flagship annual TeleTalk 2017 Conference which is the biggest event focusing on Telecom sector in Western India. The 9th edition in succession, this event which was held on 11th March at Hotel Sun-n-Sand, Pune witnessed participation from some of the leading CEOs & senior experts from Fortune 500 companies from across the country. They shared their vast experience and expertise on important topics such as “Unlocking the Potential of Digital India”,“Top 5 Trends which will shape Indian Telecom Sector by 2020”,“Cashless India & Role of Telecom Sector” and “mHealth, mAgri & mLearning – The Future”.
The overall focus of the event was on Prime Minister Mr. Narendra Modi’s Digital India initiative and MITSOT being the brand ambassador of Digital India, the Conference this year attempted to review the initiatives launched under the Digital India program and discussed on how to address some of the challenges in its implementation. This was also in line with the Skill India, Make-in-India and Startup India initiatives of the Government.
Lt Gen Dr SP Kochhar, CEO, Telecom Sector Skill Council (TSSC), New Delhi was the Chief Guest while Col. Inderjeet Singh, Director – Strategic Accounts, Scanpoint Geomatics Ltd. (New Delhi) was the Guest of Honor. Deloitte was the Knowledge Partner and was represented by Mr. Hemant Joshi, Technology, Media & Telecommunications Leader, Deloitte India .
Expert Panelists, Speakers and Delegates from leading Corporates such as Tech Mahindra, Persistent Systems Ltd., Tata Consultancy Services (TCS), Samsung India, ITC Infotech, Quick Heal Technologies Ltd., ICICI Bank, Tejas Networks, Redington India, Volkswagen India, VMware Software, Inteliment Technologies India, UPASS, NCORD Health Card LLP, Scanpoint Geomatics Ltd., FinancePlus India, Atom Technologies, Cvent India, Dynamic Logistics, Greenlight Technologies, Capital Novus and many more participated in the Conference. Select MITSOT students too participated and took this opportunity to learn from these learned experts and network with them at the Conference.
One of the highlights of the Event was the Exchange of MoU between MITSOT, Tejas Networks and TSSC. As per this MoU, over 1000 students will be skilled in Telecom& IT sectors in the coming months based on TSSC guidelines. Tejas Networks will be setting up a Lab in the MIT Kothrud Campus for this purpose.
Many questions were posed by the delegates and students alike and the speakers & panelists patiently addressed their queries. This Conference certainly opened new avenues for the students and allowed them to understand the scope of the vast world of Telecom which they would be a part of in the coming months.
Another Feather in our cap by featuring CONSISTENTLY in the TOP 50 Private B-Schools in the country again as per Times Annual B-School Rankings for year 2017 at Rank No. 45.
Indeed a crowning achievement… which has been made possible due to the efforts of the dedicated team, industry partners, our enthusiastic students & alumni. And of course, constant support & best wishes of our well-wishers like you.
MIT Pune’s MIT School of Telecom & Management Studies (MITSOT) organized the 2nd edition of its CFO Meet on Saturday, 10th December 2016 at the MIT Campus in Pune. The theme of the Meet was “Roadmap for India’s Strong Economic Growth – The CFO Perspective”. 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 Insurance. The Meet which was organized in the form of a Panel discussion comprised of the following CFOs :
Mr Milind Choudhari, CFO, Bajaj Allianz General Insurance Co. Ltd.
Mr Praveen Agarwal, Director – Finance, Piaggio Vehicles Pvt. Ltd.
Ms Samira Kulkarni, Finance Controller, Vedanta Ltd
Mr Mangesh Deshpande, Founding Partner, Strategic Edge Advisors LLP & Former Director – Finance, Amdocs India
The panelists in their address highlighted important areas which will contribute to India’s economic growth story. Some issues which were discussed were related to Investments in Infrastructure, Make in India Initiative, Interest rates, Disinvestment, Government’s Fiscal Planning, India’s Demographic Advantage, Need for Skill Development & Quality Education etc. Initially, each panelist was invited to share their initial thoughts with regards to the theme and with a particular focus on their respective sectors. They also shared insights into their personal growth in reaching the position of a CFO, sharing some personal anecdotes which was a great learning experience for the students, past experiences which demonstrated how important it is for a CFO to know their numbers and also knowing their business.
They also addressed the concerns of the management students with respect to their Career path in Finance stream in Industry, Importance of Finance Department in an organization with relation to managing Growth, Profitability, Cash Flows, Investments, Strategic direction etc. They shared their opinion on the kind of skill sets that are needed with respect to the financial side of the business in any organization. They also discussed the Industry Expectations from MBA Finance students and requirement of basic finance skills such as Reading Balance Sheets, Analytical skills etc. The CFOs reinforced that the basic traits like hard work, passion, right attitude and dedication, positive attitude have no substitutes. They also emphasized the importance and relevance of right skill & learning.
They highlighted on the need for students to remain updated on the events happening in the country and the global arena with related to finance for eg. IFRS, GST, stock markets, digital organizations etc. Based on their long experience in the industry, they also shared how senior industry finance professionals analyze the conditions under which they make decisions, plan forward, manage risks, foster change and solve problems. They added that modern day managers will have to gear up to face the challenging environment.
On the topical issue of Demonetization, they shared that this initiative of the Government, though it has its share of hiccups, will be a game changer for the economy. This reform process will also ensure that digital modes of payment too get utilized more and at the same time it will also usher in more income tax payees in the system. They also spoke on the new opportunities for finance students in digital organizations which they felt will become the norm for the future. They cited the example of Banks which are soon becoming virtual and how more opportunities will arise in the digital space.
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. The MITSOT Students of Finance Class of 2016-18 sincerely worked day and night for the grand success of the CFO Meet & other related finance events like Financial Intelligence, Munafa Khoj (Finance Treasure Hunt), Debates as well as participated in Workshop on “Economic Reforms & Indian Capital Markets” conducted by the Dean of National Institute of Securities Management (NISM). All these initiatives including the CFO Meet were a part of MITSOT’s annual FINASTRA initiative. Students from MITSOT as well as from other colleges from in and around Pune participated in this initiative in large numbers.
MIT School of Telecom & Management Studies (MITSOT) is a part of MIT group of Institutions, Pune. MITSOT is committed towards creating the finest Telecom and Management Professionals. It focuses on grooming outstanding business leaders and creative Entrepreneurs capable of excelling in this vibrant and dynamic world. MIT family consists of 18000+ students.
It gives me immense pleasure to inform you that we are organizing “FINASTRA 2.0: Finance Meet” that is scheduled on 9th & 10th December 2016. The schedule of the event is here by attached.
MITSOT, one of the premier B-Schools in Maharashtra, which is a constituent of the 33 years old MIT Group of Institutions is organizing the 2nd edition of one of its flagship initiatives i.e. CFO Meet on Saturday, 10th December 2016 from 1030 hrs to 1300 hrs. This Meet will be held at the Sant Dnyaneshwar Hall, MIT Campus at Paud Road, Kothrud, Pune.
The theme for the CFO Meet is “Roadmap for India’s Strong Economic Growth – The CFO Perspective”.
The audience will comprise our 100+ MBA students who are specializing in Finance as well as other related streams. The objective of this Meet is to give them 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. The financial experts at this panel discussion will represent diverse sectors of the Industry such as IT, Telecom, Manufacturing, Automobile, Financial Services etc. This, we are certain, will ensure a good interactive forum and we will get varied perspectives from different important industry sectors.
The focus of discussions will be as follows:
The recent demonetization initiative of the Government of India and its future impact on our economy, Impact of FII investments in India, Major policy initiatives of the Government related to Infrastructure etc., freeing of market regulations, Interest rates, disinvestment, focus on skill development & education, Make in India etc.
Moreover, since we will have CFOs as our Experts, discussion will also focus on areas such as Importance of Finance in an organization with relation to managing Growth, Profitability, Cash Flows, Investments, Strategic direction etc.
What kind of skill sets are needed with respect to the financial side of the business in any organization
Career Roadmap for MBA Finance students
Industry Expectations from MBA Finance students and requirement of basic skills such as Reading Balance Sheets, Analytical skills, basic accounting knowledge etc.
Focus on need for being updated on the events happening in the country and the global arena with related to finance for eg. IFRS, GST, stock markets, digital organizations etc.
Insights into the personal growth of the panelists, sharing of some anecdotes, past experiences which will demonstrate the “Life of a CFO”
Any other subject that the panelists feel will assist the students in charting their career path and becoming industry ready
This will be followed by a dedicated Q&A session with the students.
Higher Education Review Magazine has recognized MIT School of Telecom Management (MITSOT) as The Management College of the Year 2016.
The article about the Institute which also includes an Interview with the MITSOT Project Director , Dr. Milind Pande featuring MITSOT as the Management College of the Year 2016 is published in November 2016 issue of Higher Education Review Magazine.
The first ever Conference focusing on Digital Healthcare titled “National Consultation on Innovations in Digital Health Ecosystem and its Interoperability” was organized by MIT Pune’s MIT School of Telecom Management (MITSOT) and NCORD Health Card LLP on Saturday, 1st October 2016 at Swami Vivekanand Hall, MIT Campus, Pune. This initiative was supported by Tech Mahindra & Persistent Systems while Classboat was the Strategic Partner. This Conference was a part of the Digital India initiative.
The objective of this Conference was to highlight how Digital Health Technologies have the potential to transform the way healthcare is delivered and help governments analyze Big Data to identify un-met needs and measure outcomes in a precise manner. The focus of this Conference was on some of the relevant technologies and advances in the field of healthcare such as Digital Health, mHealth & eHealth, Health IT, Telehealth & connected health, EHR/EMR, Sensors & Wearables, Big Data & Analytics etc. This was achieved by expert panel discussions, presentations as well as Startup Demos.
Padma Bhushan Dr. Vijay Bhatkar, Chairman, Unnat Bharat Abhiyan, Govt. of India & Former Chairman, Board of Governors, IIT Delhi was the Chief Guest. Dr. Vishwanath D. Karad, Founder & Executive President, MAEER’s MIT Pune too shared the dais at the Inaugural Session. The Conference had the benefit of two senior experts representing Government of India organizations as the distinguished Special Guests of Honour viz. Prof. Dr. Suptendra Nath Sarbadhikari, Project Director, Centre for Health Informatics, National Health Portal, Govt. of India and Dr. Rajesh Gokhale, Director, CSIR – Institute of Genomics & Integrative Biology.
Dr. Arun Jamkar, Consultant – Persistent Systems; Director, PG Programme, R&D – MIT Group of Medical Colleges, Pune and Former Vice Chancellor – Maharashtra University of Health Sciences, Nashik who was involved in planning this Conference too addressed the participants at the Inaugural Session.
In his Keynote Address, Dr. Bhatkar said that Digital health is empowering people to better track, manage, and improve their own and their family’s health, live better, more productive lives, and improve society. He further added that Digital healthcare can address many challenges. It is therefore, necessary that engineering students focus on & learn biological systems. He further added that Health services are the most complex commodity our economy produces. Creating modern digital tools to automate major portions of this process may be the most daunting challenge the IT industry has ever faced.
Dr. Sarbadhikari in his address on the topic “eHealth in Digital India” highlighted the fact that while progress is being made in tele-medicine, medicine supply, telehealth and online consultation, the need of the hour is to have an integrated Health Information Platform. He also said that eHealth and Digital Health will be able to address the challenges of Healthcare in India. For this, a National Health Strategy is required and that the Government is working in this direction.
Dr. Rajesh Gokhale spoke on “The Information Quagmire to Digital Health” and informed the audience that rural healthcare still poses enormous challenges with over 66% of the rural population not having access to critical healthcare while 31% still having to walk more than 30 kms. to reach health services. Preventive and curable diseases still dominate the morbidity pattern which include diseases like typhoid, measles and diarrhea. He also shared that the Government has set up telemedicine centres backed by data centres in 170 rural locations in association with HP where they get live information about the patients. These centres are in the form of shipping containers.
Dr. Arun Jamkar added that cheaper healthcare will be possible with digital health solutions with the advent of more health apps, equipments and devices. He also shared that Internet of Things (IOT) will be worth more than 200 billion dollars by 2020 and one fourth of that will be related to healthcare.
Earlier, Dr. Milind Pande, Project Director, MITSOT in his welcome address highlighted how the private sector in the country’s healthcare landscape is now assuming the centre stage and that private health spending is significantly higher than the government allocation on healthcare. He added that we need to identify and strengthen the support pillars of healthcare delivery systems and this includes production of quality manpower, technology-enabled solutions like mobile health and adoption of low-cost drugs and vaccines.
The Conference had the benefit of Case Study & Startup presentations from leading Experts in the field of Healthcare and IT viz. Dr. Milind Modak, Orthopedic Surgeon & Founder Trustee, Jnana Prabodhini Medical Trust, Mr. Nitin Manjrekar, CEO, Einsteiner Technologies, Mr. Shreyans Gandhi, Co-Founder, Yolo Health and Mr. Veeru Swamy, Global Head – Sales & Marketing, NCORD Health Card LLP.
In his presentation on Digital Imaging & 3D Re-construction, Dr. Modak said that 3D Re-construction in the field of Orthopedics greatly improves pre-operative assessment, pre-operative planning of fixation and post-operative outcomes. He also added that Pre and Per operative 3D Imaging from 2D Digital Images will improve outcome many folds (a facility not yet available anywhere) and that it will help avoid complications due to mal alignments.
In his health startup presentation on “Health ATMs – A comprehensive Tele-Health Solution that India Needs”, Mr. Shreyans Gandhi shared on the challenges in Healthcare and how the Health ATM which is a health screening kiosk with integrated health devices and staffed by a medical attendant can bring a revolution in the field of healthcare. He also informed about the portable health screening kit with fully integrated health devices which can be used for home healthcare / remote village healthcare and the Medicine Dispenser which is a custom capacity medicine dispensing machine which connects to the Health ATM and integrates with doctor consultation e-prescription.
Mr. Veeru Swamy presented the benefits of the eHealth card which enables access to all kinds of personal medical, legal docs and related services on one platform. This eHealthcard uploads, stores and provide your health records anywhere, anytime and there is no chance of duplication & loss of health records. This reduces the chances of cross-medication drastically and can be used to keep track records of all health checkups.
The Conference had two panel discussion focusing on “The Future of Digital Healthcare” and “Wearable Technology – Transforming Today’s Healthcare”.
Leading Experts like Dr. Abhay Jere, Associate Vice President – Life Sciences, Persistent Systems (Panel Moderator); Dr. Nikhil Phadke, Founder & Chief Scientific Officer, GenePathDx; Dr. Atul Joshi, Internal Medicine Specialist, Sahyadri Hospital, Pune; Mr. Rajendra Kadu, Director – Business Development, Palash Healthcare Solutions and Mr. Rabi Debnath, Senior Consultant – Enterprise Business Applications and Analytics shared their expertise and vast experience at the panel discussion on the ‘Future of Digital Healthcare”.
Dr. Rajeev Joshi, Managing Director, Medimage Systems who was the Panel Moderator at the 2nd panel discussion on ““Wearable Technology – Transforming Today’s Healthcare” was joined by senior experts like Dr. Hemant Bhansali, Programme Director for Laparoscopic Surgery, Maharashtra University of Health Science, Nashik; Mr. Sandeep Saxena, Head – Business Development (Life Science and Healthcare), Persistent Systems and Mr. Shantanu Pathak, CEO, CareNX Innovations Pvt. Ltd.
Many questions were posed by the delegates and students since this was a new field for them as well and the speakers & panelists patiently addressed their queries. This Conference certainly opened new avenues for the students and allowed them to understand the scope of this vast world out there which they can be a part of while planning their successful careers.
Earlier, Competitions like Idea Competition & Poster Competition were held for the participating students from various engineering, science medical, computer engineering, pharmacy, pathology & biomedical colleges focusing on Digital Healthcare. The Winners of these Competitions were awarded Fabulous Cash Prizes, Awards & Certificates for their entries, which were judged by an eminent jury panel.
Prize Distribution to Winning Students of the Idea and Poster Competition who represented different colleges across Pune
Considering the gap in the demand and supply of the Telecom & Management Professionals, an initiative was taken by MIT Group of Institutions in its Silver Jubilee Year about 8 years back. Established on 1st August 2007, MIT School of Telecom & Management Studies has been striving to groom outstanding business leaders and creative Entrepreneurs, capable of excelling in a rapidly changing, and dynamic world.
HR Summit, 2016 is an event that provides a platform to discuss on the skills that drive the businesses. This conference is a forum for industry and academia to exchange thoughts and ideas on emerging business issues. Conference is structured as a Corporate Panel Discussion followed by Question Answer session.
Highlights of the HR Summit:
1.Panel Discussion on the topic “ Impact of Social media ,Technology on HR/HR practices”
2.Mind Freaks Quibble Contest
3.Games: Flash Quiz and Espirit De-Corps
4.Open Panel Discussion on the topic “Rejuvenating HR practices & Processes using Social Media”
Overall 15 Keynote speakers with rich experience from different Industries were invited to share their views on the auspicious occasion of HR summit 2016 on 8th October 2016. The Summit was started with the Welcome Address by the Project Director MITSOT –Dr. Milind Pande and the felicitation of all the dignitaries. Then an inspiring speech was given by Mr. Abhay Valsankar. He spoke on the 3 generation which have rolled out i.e. Transformation, Tangible, Transition through Social Media. Then Mr. Raghunath Kale talked about the changing scenario of the HR World. He advised on adopting technology to create high performance of the organisation. Miss Deepti Deshpande was next, she spoke on how industry is connecting through social media. Next was Mr. Aditya Bhagwat spoke on online job opportunities. Mr. Santosh Halke enlightened us on how to manage stress and fight our fears. Up next was Mr. Vinod Bidwaik who asked us to keep the employees connected through social media diversity inclusion and artificial intelligence. Mr. Srinivasan Iyer enriched us about mobile recruitment and reverse weapon “What comes fast goes fast and Mr. Ashish Nagpurkar explained how social image can be a problem, performance management system, face to face connect and consultancy dependency goes down.
The event was continued with a panel discussion among the dignitaries on “Impact of Social Media”. The event further was continued with Mind Freaks Quibble Contest and following students were declared as winners I. Usha Jain & Julie Singh II. Rohit Bgmar & Shewta Singh
Students also participated as Panelist in Open Panel discussion on the theme” Rejuvenation HR Practices & Process using Social Media”. The Moderators of different groups were Mr. Ashish Nagpurkar (Assistant General Manager – Polycab), Ms. Juhi Shah(Senior Manager – Human Resources – Netmagic Solutions), Ms. Renuka Krishna (Ex-Vice President Talent Acquisition – KPIT), Ms. Supriya Pujari (HR Consultant – Suzlon), Ms. Suanshu Malik (HR Business Partner – Master Card) and Mr. Chaitanya Halbe (Assistant Manager – Volkswagen)
Ms. Sumanjit Mattu, Ms. Usha Jain, Ms. Aishwarya Pardeshi and Ms.Shruti Shristava bag the prize of best speaker of the group.