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Just a little while ago, I got the sad news that Mihir Bose (PM & IR 1974) passed away at about 6 pm today. Mihir had been suffering from cancer for a while.
Let us all pray for that he finds lasting peace hereafter.
The Placement season for the batch of 2008 ended on an exceptional note, with the batch of 180 students placing themselves in the crème de la crème of corporate responsibilities across the domain of business expertise. A notable feature of the entire process was not just the increased leeway for the average student to choose, but also depth of specific roles that were tailored to woo the best of the country’s business graduates. 298 offers were made for a batch of 180 students, with the average domestic offer coming in at 14.75 Lacs and the highest domestic offer being Rs. 28 Lacs. 12 international offers were also made with an average of $90,000 USD.
The first time recruiters included the likes of JM Financial, Barclays, Kotak, 8 Capital Hedge Fund, Centrum, Aptivaa among others. 8 Capital Hedge Fund recruited exclusively from XLRI while P&G for the first time offered branding roles for XLRI students.
31% of the offers were made in the Finance domain, in Private Equity, Hedge Funds Investment Banking, Treasury, Commercial Banking, Relationship Management, Trading, Mergers and Acquisition Advisory, and Human Relations, among others. A plethora of multinational and domestic giants such as Lehman Brothers, Goldman Sachs, JP Morgan Chase, JM Financial, HSBC, Citibank, Barclays, Deutsche Equities, Standard Chartered, 8 Capital Hedge Fund, ICICI Bank, ICRA, Kotak and Centrum were among the first to recognize the ever-increasing stature of XLRI in the Financial Domain. The quality of candidates was impressive enough for the recruiters to offer treasury roles at their offices in
Keeping in tradition with its image of a veritable powerhouse of marketing and sales talent, XLRI was the hub of the best of the Global FMCG majors vying for a share of the marketing interest in the batch. Procter and Gamble, Hindustan Unilever Limited, Johnson and Johnson, Colgate Palmolive, Nestle, Cadbury, Asian Paints, Reckitt Benckiser, Marico, Glaxo Smithkline, ITC, Pepsi, were some of the recruiters to reinforce their traditional relationships with the campus and 23% of the students accepted offers in this domain. Along with the traditional sales positions, branding and marketing roles (with international locations) were the new positions that the same recruiters offered. Notably, Global Sales and Strategy were offered as lateral entry positions by IT majors like Infosys and HCL Technologies – a paradigm shift from the traditional breadth of branding on campus.
General Management was the new flavour of a placement season that saw renewed interest in taking up dynamic responsibilities across a spectrum of verticals. TAS, Al Ghanim, The Aditya Birla Group, The Hinduja Group, Essar, The Murugappa Group, offered both national and international roles with compensation packages that reflected the gravity of responsibility thrust on the new recruits. 14% of the batch snapped up offers in this arena
Microsoft, HCL, Infosys, Cognizant, Wipro, and others lead the Technology Sector that offered lateral roles for students with previous experience in handling Information Services. 11% of the batch took to these offers.
XLRI takes a big leap with huge offers
“The activities covered in the MoUs are similar to those signed with most institutes, namely student and faculty exchange programmes and joint research work,” E Abraham, director of XLRI, told FE on Thursday. The MoUs were signed last week.
XLRI has so far signed student & faculty exchange programmes with 13 institutions around the world. Some of them are the Asian Institute of Management (Manila), the Asian Institute of Technology (Bangkok), the Malardalen University (Sweden), the Universiteit Antwerpen Management School (Antwerp), the Royal Melbourne Institute of Technology (Melbourne), and the Loyola University (Chicago). The B-school’s French connection started with the University Bordeaux in southwest France and went on to the Audencia Nantes Ecole de Management, and then to EM Lyon, a leading international and European business school.
However, its latest MoU with the Lille Catholic University, signed in January during the French President’s visit to the country, covers a student and faculty exchange programme that is unlike most others. XLRI students intending to join the programme will be offered four to five scholarships.
During academic year June 2008-May 2009, the B-school can send at least 40 of its students under exchange programmes it has with the 13 institutions.
"The seats are nominated and stand distributed over the institutes. The total period of the exchange is three months---or one full term," said the director. The number of students actually accepting the exchange programme will be announced later.
Barring some scholarships being offered by some of the institutions, in most cases it is the student interested in joining the exchange programme who has to arrange for the finance as well.
The B-school has so far decided to send one of its professors to Loyola University in Chicago in May-June.
XLRI is expecting a couple of professors from the Asian Institute of Management (AIM), Manila to conduct a workshop on ‘case studies’ as AIM is considered to be strong in that field.
· PL Barua (70PMIR) assumed charge as the Executive Director of the Indian Oil Corporation Limited (Assam Oil Division).
· RS Thakur (72BMD) took over as Executive Director of TACO, the Tata auto-component company.
· Jagdish Dore (73BMD) was appointed the CEO & Managing Director of Matrix Laboratories Ltd. (of Mylan Group).
· Madhukar Kamath (76BMD) Managing Director & CEO of the Mudra Group, was elected as the President of Advertising Agencies Association of India (AAAI).
· S Nandkumar (76BMD) was elected the President of Institute of Management Consultants of India (
· Bipin Lal (78BMD) was appointed as the Managing Director, Nitrex Chemicals India.
· Prakash Puram (78BMD), President & CEO, iXmatch Inc., was invited to join the Advisory Council on Small Business & Labour of the Federal Reserve Bank of
· Prabhakar Jain (81BMD) joined as the Chairman and Managing Director, Goodyear India Ltd.
· Aneeta Madhok (81PMIR) joined as the Dean, Center for Human Resources (Dubai & Singapore), SP Jain Center of Management.
· NS Rajan (83BMD), Partner (Human Capital), Ernst & Young, was chosen as Global Leader-HR Advisory of Ernst & Young. He was also elected the President (Northern Region), National HRD Network.
· Jaspal Bindra (84BMD) took over as the Head-Asia Region, Standard Chartered Bank.
· K Pandiarajan (84PMIR), Founder-CEO of MaFoi Consulting, was inducted into the Board of Madras Stock Exchange Limited as one of its Directors.
· K Shankar (84PMIR) joined Airtel as the Director (HR).
· Radha Krishnan Nair (84PMIR) joined as the Chief HR Officer of Tata Steel. He was also inducted into the Board of Governors of XLRI.
· Vineet Nayar (85BMD) took over as the CEO, HCL Technologies Ltd from its founder, Shiv Nadar.
· Mahesh Nair (86BMD) published his book of photographs Let There Be Light: Exploring Nature Through Light (Roli Books).
· Sandra (Sequeira) Mahadwar (86PMIR), Sr Director (HR) with KLA-Tencor Corp., was selected to receive the 2008 YWCA’s Silicon Valley Tribute to Women Award, for Executive Leadership.
· Arjun Trivedi (87BMD) was appointed the Head of Nokia Siemens Network,
· Srinivas Duvvari (87BM-Eve) took over as the Managing Director of Rolls-Royce India Ltd.
· Ernest Louise (87PMIR) was appointed as the Global Head (HR) for Essel Propack Ltd.
· Ronald Mark D’Souza (87PMIR) took over as the Vice President (HR), Alcatel-Lucent (
· Anurag Parashar (88BMD) took over as the Chief Officer, Customer Management Systems and Shared Infrastructure for all telecom businesses of Bharti Airtel Ltd.
· M Shankar Prasad (88BMD) joined Tata Communications Ltd (formerly VSNL) as President, Broadband.
· Amar Babu (89BMD) was appointed as the Managing Director of Lenova
· Satish Nambisan (89PMIR) published his book The Global Brain: Your Roadmap for Innovating Faster & Smarter in a Networked World (Wharton School Publishing).
· Sutapa Banerjee (89PMIR), Head of Private Banking at ABN Amro Bank, was nominated among 20 most successful, rising wealth managers in the world by leading international business magazine, The Institutional Investor.
· Amitabh Jaipuria (89BMD) joined as the Managing Director of Monsanto India Ltd.
· Ajay Bagga (90BMD), CEO of Lotus India Asset Management Co Pvt. Ltd., was elected the Vice Chairman of Financial Planning Standards Board of India.
· Ashish Khera (90BMD) took over as the CFO of Microsoft
· VS Sridhar (90BMD) was appointed the Chief Operating Officer of the VSNL Global Services.
· R Chandrasekar (90PMIR) took over as the Group Head (HR) of the Noor Islamic Bank (Dubai Investment Group),
· Sudip Mall (91BMD) joined as Country Manager (
· V Chandramouli (91BMD) was appointed as the Director (HR) of Cadbury
· Jayaram Philkana (91PMIR) took over as the Director (HR) of Cargill Inc.’s Health & Nutrition business at MN,
· NT Arunkumar (91PMIR) took over as CEO of Dun & Bradstreet.
· Ramesh Soundarajan (91PMIR) joined as the Vice President (HR) of Trianz
· Ravi Parmeshwar (91PMIR) joined Cargill
· Lokesh Jindal (92BMD) returned from
· Leena Nair (92PMIR) took over as the Executive Director (HR) of Hindustan Unilever Ltd., thus becoming the youngest and the first woman director in HUL’s Board. She was also featured in the Business Today’s “25 Most Powerful Women in Indian Business List”.
· Sabyasachi Nag (92PMIR) published his first book of poems Bloodlines with Writers' Workshop.
· Salil Raghavan (92PMIR) took over as the Head (HR) of Great Eastern Shipping.
· Sadashiv Nayak (93BDM) joined the Pantaloon Retail India Ltd, as the CEO, Food Bazaar.
· Sharat Dhall (93BMD) was appointed as the Managing Director (
· NV Krishna (93BMD) joined EXL Holding Inc. (NY,
· Amitabh Hajela (93PMIR) joined as the Vice President and Global Head of Human Resources of the ExlService Holdings, Inc,
· Uday Shankar Sinha (94BMD) took over as Executive Director of PepsiCo
· Biplob Banerjee (94PMIR) joined Nokia Siemens Networks as Director (HR – Global Services,
· Raj Ambekar (94PMIR) moved to the shipping & logistics company, Maersk, as the Head (HR) for
· Naveen Kumar (94PMIR) took over as the Vice President (HR) of Lehman Brothers,
· V Satish (94PMIR) took over as Sr Vice President (Global HR & Recruiting) at AztecSoft.
· Ramki Sundaram (95BMD) was appointed the CEO of Air Deccan.
· Suman Bose (95BMD) joined Dassault Systemes (part of French Dassault Group) as the Country Head –
· Brajesh Bajpai (96BMD) moved into an enlarged role as the Head of Middle East and North Africa Region of Marico’s International Business.
· Ketan Awalegaonkar (98BMD) joined McKinsey & Co. as Associate Principle & Leader for North American Operations Practice,
· Indraneel Roy (98PMIR) took over as the Global Head of Hewitt Leadership Consulting.
· Gaurav Lahiri (00PMIR) was elected as the Partner, Hay Group. He also co-authored the book The Indian CEO: Portrait of Excellence (Sage Books).
· Kulshaan Singh (01PMIR) took over as the Country Manager (
· Tanmay Prusty (06BMD), Sales Manager with ITC, won the south zone BusinessToday ACUMEN 2007, and was the runner-up in the national finals.
· Jishnu Dasgupta (06BMD), Sales Manager with ITC, and joined as bass guitarist and backing vocals with the Hindi Band “Swarathma”, which won the Best Band prize in All India City Radio Finals.
A 7.5 from pleased XLRI- ‘... but FM has failed to say from where the funds will come’
|NILANJANA GHOSH CHOUDHURY|
Jamshedpur, Feb. 29: XLRI students seem generally pleased with the Union budget, though they are critical of a few issues.
All agree, it is undoubtedly a populist election budget. On farmers’ loans, no one seemed fundamentally opposed to the idea. But their opinion is that more planning would have helped. Also, the FM (finance minister), they felt, needed to be specific about how he would provide for the farmers’ loans he planned to write off.
In fact, Chidambaram had provided something for everybody — the salaried class would be happy with the tax cuts and the corporate sector will be happy that it has been left alone.
We spoke to five first year students of business management — Nityanandham M, Saurabh Bagadia, Aditya Kankaria, Sankalp Vaid and Darshan Rathod. Here’s what they had to say:
What is the budget’s big idea ?
Waiving farmers’ loans to the tune of Rs 60,000 crore is unprecedented — after all, farmers need it. Also, he has increased outlays in education (20 per cent) and health (15 per cent).
Where has the finance minister scored?
Various areas: new IITs, tax sops have brought in more flexibility in household budgets, duty cuts have been announced on the pharma and auto sectors, and the implementation of NREGS also gets a boost.
Where has he failed?
It all looks very good but the FM has failed to say from where the funds will come from. Actually, one-time loan waivers are not enough, in depth planning is required.
Also, paramilitary forces need investment too.
If you were the FM, what would you have done keeping elections in mind?
This is undoubtedly a populist budget. But the finance minister could have done with a little more planning. There was no need for so much of minority appeasement. Certain revenue generating areas such as retail, infrastructure and telecom have been neglected.