A dignitary panel attended the convocation ceremony, including Shri. Amit Sheth, Nominee of the Honourable Chancellor, Dr. Ramesh Bhat, Vice Chancellor SVKM’s NMIMS, Dr. Sharad Mhaiskar, Pro-Vice Chancellor, SVKM’s NMIMS, Dr. Prashant Mishra, Dean, School of Business Management, NMIMS, Dr. Ashish Daptardar, Registrar, NMIMS, and Chief guest Mr. Ronald C Sequeira, Managing Partner, Anrontt. Along with dignitary Prof. Binesh Nair. Programme Chairperson, MBA DSA, Dr. Alaknanda Menon, Programme Chairperson MBA (REM), Dr. Sudhanshu Pani, Assistant Professor, SBM, NMIMS, Dr. Pradeep Pai, Programme Chairperson MBA Part-Time, Dr. Chandrima Sikdar, Associate Dean, Dr. Meena Galliara, Director, Jasani Center for Social Entrepreneurship & Sustainability Management, Dr. Satish Kajjer, Programme Chairperson PTMBA SE and Ritesh Haldankar, Assistant Professor were presented on the dias.

“A moment of pride and victory, as we gather here today to celebrate the graduation of our students after two years of online convocations. Let us embrace the motto of “learn, unlearn, and relearn” as we navigate the ever-changing world. You also need to develop an attitude of how you will behave in a VUCA kind of situation. The habit of continuously seeking new knowledge and opportunities for growth is crucial for personal and professional success,” said Dr. Ramesh Bhat, Vice Chancellor, SVKM’s NMIMS, as he presided over the memorable event.

School of Business Management (SBM), ranked by the Financial Times MiM Ranking 2022 and with various accreditation and ranking, NMIMS is known as the premier business school in India for its excellent academic programs and faculty. The convocation ceremony was a grand celebration of the achievements of the graduating students and the institute’s commitment to providing quality education. Students received scholarships, awards, and certificates for the best CGPA and Dean’s list.

On this special occasion, Chief guest Mr. Ronald C Sequeira, Managing Partner of Anrontt, highlights, “The key to success is staying true to oneself and embracing individuality. He also informed students to follow the ACE – Attitude, Change Oriented, and Ethics which will help them to achieve great success. Remember to have an attitude of gratitude, keep an open mind, and maintain strong ethical standards as you navigate the ever-changing landscape.”

“We are honoured to have you all here for the convocation of our graduating batches. This occasion is not only an opportunity to recognise the achievements of our students but also the contributions of our faculty and staff members to the learning and development of our programs. Today, we celebrate your accomplishments and remind you that graduation day is not the end of the journey, but the beginning of a whole new trajectory in your life,” said Dr. Prashant Mishra, Dean of the School of Business Management at NMIMS.

Dr. Sharad Mhaiskar, Pro-Vice Chancellor of NMIMS, extended a heartfelt vote of thanks to all of the esteemed guests, distinguished members, and graduate students for participating in the convocation ceremony. He expresses his gratitude for the presence of Dr. Ramesh Bhat, Vice Chancellor of NMIMS, who presided over the memorable event and shared inspiring words on the importance of continuous learning and self-improvement. He also expressed his gratitude towards the Chief Guest, Mr. Ronald C Sequeira, Managing Partner of Anrontt, for his valuable insights on the key to success and for honouring them with his presence. He also expresses his gratitude to the Dean, Dr. Prashant Mishra, for providing inspiring words and acknowledging the contribution of the faculty, staff, and students.

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Mumbai, 6 February 2021: SVKM’s NMIMS, a globally reputed university with over four decades of academic legacy in India, has signed an MoU with LivNSense Technologies, a pioneering Industrial IoT & AI platform, to jointly create the AI Center of Excellence & Research, that will help develop AI-driven manufacturing solutions and foster a culture of innovation and collaboration.

The centre of excellence will be the first of its kind in India and will help to boost the country’s manufacturing sector by making it more tech-driven (under make in India initiative) and less dependent on imported technology. According to a recent PwC report, the adoption of artificial intelligence was the highest in India during the COVID-19 pandemic, as compared to major economies, with over 70 per cent of Indian organisations having implemented AI in some form or the other. With the pandemic also having permanently altered the way businesses function in the future, adoption of technologies, including AI, will continue to increase, and will consequently drive demand for professionals skilled in the domain. The joint AI Center of Excellence & Research built by NMIMS in collaboration with LivNSense, will aid in India’s push to develop AI-oriented solutions for the manufacturing industry, as well as facilitate the creation of a knowledgeable, skilled workforce.

Speaking about this collaboration, Dr. Sharad Mhaiskar, Pro Vice Chancellor, SVKM’s NMIMS Deemed to be University, said, “We at NMIMS have always believed in robust collaboration between industry and academia, to drive effective solutions to industry issues. Keeping this emerging field in mind, we at NMIMS, could foresee and start programs in these futuristic areas, more than some 6 to 7 years back and became one of the academic leaders in India in these areas. The creation of this centre of excellence and research with LivNSense is particularly thrilling, as it will allow our students to sharpen their skills by working on live projects and attain real-world experience, which will, in turn, help them add value and thrive in the cutting-edge field of cognitive manufacturing.”

Mr. Avnish Kumar, CEO of LivNSense, further added, “We are thrilled to enter into this association with NMIMS. Together, I believe we can bridge the gap between industry and academics. Smarter manufacturing processes are the future of India’s manufacturing sector. Industries will be less error prone, more efficient, and more AI-oriented in the years to come. And this collaboration will ensure that students can learn everything there is to know about Industrial Internet of Things (IoT), Artificial Intelligence, Machine Learning, etc.”

The primary objectives of this MoU are to help students gain valuable internship experience through LivNSense’s projects and industry expertise, create disruptive innovations, and develop tangible projects having exposure to real-world applications, solving industry problems in the AI and manufacturing space.

This virtual event was attended by NMIMS officials Dr. Sharad Mhaiskar – PVC, Dr. Meena Chintamaneni – Registrar, Dr. Alka Mahajan – Dean (Mukesh Patel School of Technology Management & Engineering), Prof. Sarada Samantaray – Associate Dean, Academics (Mukesh Patel School of Technology Management & Engineering), Dr. Siba Prasad Panda – Assistant Professor (Mukesh Patel School of Technology Management & Engineering), Mr. Manish Dalmia – Director (Marketing & PR).

About SVKM’s NMIMS

Launched in 1981, NMIMS is today one of the nation’s top educational institutions. It offers multiple disciplines across different campuses with 17 specialized schools, over 17000 students, and around 750 full-time faculty members. It has established strong ties with the industry and other internationally prominent academic institutions. With a focus towards research-based, academic excellence, NMIMS has emerged as a globally reputed institute.

Website: https://www.nmims.edu/

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About LivNSense Technologies Pvt. Ltd.

LivNSense is a pioneering Industrial IoT & AI Platform led venture that serves the Chemical and Oil & Gas Industries, Energy and Utilities, Pharma, Life sciences and Automotive industries globally. iSense4i, LivNSense flagship platform, targets the manufacturing value chain with its Digital Twins and comprehensive AI & ML models. The platform can easily accommodate diverse applications and enables AI/ML at the Edge. It has been successfully deployed for diverse industrial equipment including Steam/Gas/Coker/Induction Furnaces, Process Instrumentation, Smart Welding, AI Vision based vehicle safety systems and other discrete and process equipment. In a short span of time, LivNSense now serves its customers worldwide with presence in Bangalore (India), Oman, UK and USA.

To learn more visit https://www.livnsense.com/

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Mumbai: SVKM’s NMIMS’ School of Business Management (SBM), recognised as one of India’s top management schools, invite applications for its MBA in Human Resource (HR), considered among the best in its category in the nation. Applications are open till 19^th December, at the Mumbai campus. The carefully-designed curriculum is reviewed annually with inputs from industry, alumni and academia to equip students with competencies needed for the VUCA world.

This has ensured full placements during campus recruitments. The highly industry-oriented pedagogy combines rigorous academic coursework with workshops, guest sessions and field assignments.

With the economy expected to recover in the coming months, recruiters are looking for HR professionals with proficiency in cognitive skills like command over digital tools, critical thinking, adaptability, flexibility, with the emotional intelligence required for collaborations and team management. In the post-COVID economy, businesses will be looking for professionals who can help them transition from remote working to a more blended approach. The current placement trends indicate a high demand for HR professionals who can blend digital tools with a strategic approach while nurturing a collaborative approach.

Elaborating on the requirement of current HR leaders, Dr. Ramesh Bhat – officiating Vice Chancellor SVKM’s NMIMS, Provost and Dean, SBM said, “An HR leader fulfills a critical role in an organisation and is responsible for its most important resource, the human capital. Right now the business world needs leaders who can best utilise this resource and lead it through a rapidly changing work landscape. Our HR-MBA program has gained its reputation as the best in the country because of our dedication to guiding future leaders who can read the pulse of the people. Thanks to our comprehensive program, we are proud of our graduates who have gone on to become HR leaders in top companies across India and abroad.”

Launched in 2011, the aim of the program is to develop professionals with a strong grounding in the HR domain which is aligned with the overall business strategy. One of the distinguishing features of the MBA-HR is the multi-phased collaboration between academicians and the industry which extends from curriculum development, partnering for case writing to collaborations on capstone projects. The faculty is a mix of academicians with a strong background in research as well as HR professionals, industry experts, CHROs (Chief Human Resources Officers) and CEOs (Chief Executive Officers)

Speaking on the program Dr. Hema Bajaj, Program Chair (MBA-HR), School of Business Management, said, “What makes our MBA-HR highly relevant is the annual curriculum review we undertake. We did a comprehensive curriculum review (CCR ) of the program last year. The new course structure was developed in collaboration with multiple stakeholders and over multiple phases. The intense review process took place from June’19 to March’20,  with innumerable meetings with CHROs, CEOs, industry experts, entrepreneurs, alumni, and academicians. The modifications in the curriculum will further augment our students’ sociological, psychological, economic, and global outlook as they prepare to join the new workforce in a post-COVID economy.”

The curriculum includes 38 courses and 15 workshops spread over six trimesters. It focuses on building business acuity, harnessing technology for high impact organizations, developing research driven business solutions, and creating sociological, anthropological, psychological, economics and global outlook while keeping the changing nature of workforce and emergence of gig economy in mind. Apart from courses, such as Talent Management, Compensation Management and Emotional Intelligence the curriculum also includes courses and workshops on  People Analytics, Competency Mapping and Design Thinking. To meet the demand for technology-proficient HR professionals, the course work lays an enhanced focus on data and analytics.

Eligibility: To apply students must have a Bachelor’s Degree in any discipline from a recognized University with minimum 50% marks in the aggregate.

Admission Procedure: The admission process is in two steps:
Step 1: Register at NMAT by GMAC at www.nmat.org. (Registration is closed for GMAC)

Step 2: Use the registration number to register at NMIMS at www.nmims.edu

Accreditation: SBM has the Association to Advance Collegiate Schools of Business (AACSB) accreditation, which is known as the longest-standing and most prestigious professional accreditation in business education. It has NAAC accreditation with Grade A+ (3.59 CGPA), Mumbai Campus and is recognized as Category-I University by MHRD/UGC Grant of Graded Autonomy Regulation, 2018.

About NMIMS’ SBM:

SBM of SVKM’s NMIMS, Deemed-to-be-University, is one of India’s leading business schools with a legacy of world-renowned faculty and an excellent placement program. NMIMS which began as a business school 40 years ago, is known for its trailblazing curriculum. The school has consistently ranked among the top 10 B-Schools in the country since 1998, in various such published surveys.

About NMAT by GMAC

The Graduate Management Admission Council (GMAC) owns and administers the NMAT by GMAC exam. The NMAT by GMAC is accepted by 38 leading institutions in India for securing admissions to their flagship MBA and other management programs in India. Besides India, the NMAT by GMAC exam today is delivered across 12 countries namely, South Africa, Philippines, Nigeria, Bangladesh, Bhutan, Botswana, Nepal, Sri Lanka, UAE, Zimbabwe, and Ethiopia.

This year GMAC has introduced two types of testing modes for the exam. One is an online proctored exam that can be taken from home and the second is the centre-based online exam. Candidates have the option to take the test either at test centres that follows all the social distancing protocols or take the online proctored exam from the comfort of their homes.

For more details, please visit www.nmims.edu

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 October 20, Mumbai: NMIMS School of Business Management (SBM) opened admissions to its very prestigious dual degree program – MBA in Decision Science & Analytics and MS in Business Analytics & Information Management (BAIM) in collaboration with Krannert School of Management, Purdue University, a leading public research university of USA. Admissions are open till December 14, 2020 for its Mumbai campus. With this degree, students will get an opportunity to study in two of the world’s most renowned institutions. The 2 year program is split into 3 terms at SBM and 2 terms at Krannert School of Management, followed by 1 term of internship in India under a faculty guide. The thoughtfully designed program follows a research-based and industry-focused pedagogy.

The dual degree program offers a unique opportunity to study dual, but complementary courses, management and decision science. In the third year of its launch, the program is addressing the current need for highly specialised skills in decision analysis, data sciences, and business analytics. The program fulfills the requirement for a multidisciplinary approach in management graduates. This carefully-designed curriculum is developed by SBM’s academic council in collaboration with Purdue University and industry leaders. At Krannert, Purdue University,  curriculum is focused on developing proficiencies in a variety of big data technologies and analytical techniques and prepares graduates for a business analytics career on a global stage. The experiential learning of the MBA program is aimed at improving application of learning through mind-set change in students while boosting their problem solving skills. The program includes intense industry and corporate involvement with capstone projects and 3 month spring internship at an industry partner firm.

Speaking on the course, Dr. Ramesh Bhat, Officiating Vice Chancellor, SVKM’s NMIMS, Provost and Dean School of Business Management said, “Recent studies suggest that we need a multidisciplinary approach for management students. In a multipolar world with a rising demand for technology-proficient workforce, managers can no longer afford to think unilaterally. With the current unpredictability in the global economy, we need managers who are trained in decision science and data handling. The field of decision sciences will see more than 2.7 million jobs in the coming year. Our dual program is designed to meet this rising demand for decision analysts in managerial positions.”

“Higher education is evolving rapidly and on a global scale,” says David Hummels, Dean of the Krannert School. “At Purdue we believe an important part of this evolution is great universities partnering to offer their students the best of what each has to offer. So we are thrilled by this opportunity to work with NMIMS to attract their excellent students into our elite MS program in Business Analytics and Information Management.”

Commenting on their partnership with Purdue University, Dr. Shailaja Rego, Associate Professor, Chairperson, MBA-DSA (NMIMS), further added, “Purdue University is known for its world-class research programs. Our association with Krannert School of Management opens up opportunities for our students to study in one of the world’s premier institutions. The 2 Term stint for MS BAIM will introduce them to cutting-edge developments in the field under the expert guidance of the best in the field, both from academia and the industry. This exposure will be critical in our multipolar and hyper-connected world. The program also lays heavy emphasis on application. Post their Purdue term, the students will complete an intensive 3 month spring internship program in India under faculty supervision.”

The compulsory spring internship carries 6 credit units. The internship acts as an essential training ground as well as a valuable opportunity for students to impress industry professionals. Students get to apply their classroom learning in the real world, gaining valuable first-hand experience. Most importantly, the internships have been a valuable ground for industry recruitments in the past few years. Chosen students are offered a Pre-Placement Offer or a Pre-Placement Interview. Career opportunities include data science jobs at new age industries in some of the most in-demand profiles. These include data analysis, data science, business intelligence, risk analysis, and digital integration management.

Eligibility: Since this is a dual degree program, applicants are required to qualify for both the NMIM SBM and Krannert School of Management, Purdue University. For SBM, they need a Bachelor’s Degree in any discipline from a recognized University with minimum 50% marks in aggregate (of all years). They must have taken Mathematics at the pre university level – (10+2) or equivalent examination/s. Once selected for SBM, the applicants will apply to Krannert School of Management. They will need a minimum TOEFL score of 93 or IELTS score at 7.0 or higher with minimum subsections scores. Preference will be given to those with relevant work experience.

Admission Process: The admission process is split in two parts. Applicants will first apply to SBM, followed by a separate admission process for Krannert School of Management, Purdue University. Eligible students can apply for SBM through NMAT by GMAC/GMAT/GRE. For registration and details, visit: https://nmat.nmims.edu. Selected candidates must then apply online for Krannert School of Management. This will be followed by an online interview after which a final decision will be taken.

Accreditation: SBM and Krannert both Business School’s  have the prestigious Association to Advance Collegiate Schools of Business (AACSB) accreditation, which represents the highest standards in business schools worldwide. AACSB accreditation requires high-quality faculty along with a cutting-edge curriculum and a stellar placement program. SBM also has NAAC accreditation with Grade A+ (3.59 CGPA), Mumbai Campus and is recognized as Category-I University by MHRD/UGC Grant of Graded Autonomy Regulation, 2018.

About SBM, NMIMS and Krannert School of Management, Purdue University: SBM of SVKM’s NMIMS, Deemed-to-be-University, is  one of India’s leading business schools with a legacy of world-renowned faculty and excellent placement program. NMIMS which began as a business school 40 years ago, is known for its trailblazing curriculum. The school has consistently ranked among the top 10 B-Schools in the country since 1998, in various such published surveys.

Purdue University is one of the top Public Universities ranked # 53 in USA and in the top 100 Universities worldwide. Krannert School of Management, Analytics program is ranked # 1 in US and in the top 15 worldwide

About NMAT by GMAC

The Graduate Management Admission Council (GMAC) owns and administers the NMAT by GMAC exam. The NMAT by GMAC is accepted by 38 leading institutions in India for securing admissions to their flagship MBA and other management programmes in India. Besides India, the NMAT by GMAC exam today is delivered across 12 countries namely, South Africa, Philippines, Nigeria, Bangladesh, Bhutan, Botswana, Nepal, Sri Lanka, UAE, Zimbabwe and Ethiopia.

This year GMAC has introduced two types of testing modes for the exam. One is online proctored exam that can be taken from home and the second is the centre-based online exam. Candidates have the option to take the test either at test centre that follows all the social distancing protocols or take the online proctored exam from the comfort of their homes.

For more details, please visit www.nmims.edu

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To full feel the needs of the society, SVKM’s NMIMS Alumni Ms. Sridatta Gupta (Batch of 2016-2018), Senior Program Manager and her team to Parisar Asha is set to provide support to all these distressed individuals. After the lock down Parisar Asha shifted its regular Positive Parenting Helpline number (18005322244) to a mobile number 8828233443. Additionally, they have opened an online chat option www.parisarasha.com to reach out to many more individuals who need their help. Parisar Asha generally attend to 20-25 calls in a day and in some cases the follow ups are also happening regularly. Till date after the lock down they have extended their support to 475 individuals. Recently, they have also collaborated with COSA along with Maharashtra government to extend their support to the highly affected groups of migrant labourers in Mumbai, highly affected lockdown areas like Worli, Dadar and also over 1 lakh farmers from Palghar district. Parisar Asha is continuously trying to reach out to more and more sufferers by circulating our mobile number and online chat URL.

About Parisar Asha

‘Education must present our children with a gift that offers the wonders of exploratory learning ,the confidence that comes from building one’s discovered strengths, the hope that comes from seeing the problems, when faced , rather than feared, become challenges for creative solutions; most of all, a way of life’- Late Gloria De’ Souza , Founder, Parisar Asha.

This belief led to the birth of Parisar Asha in 1982, a non-profit, registered Public Trust (Reg. No. F 14364, B.P.Trust Act), committed to serve the society through a unique learning approach ‘ESAL’- ‘The Environmental Studies Approach to Learning’. Since 37 years Parisar Asha epitomizes trust and quality education. Over the years, Parisar Asha has committed itself to serve the underprivileged children by providing a joyful, holistic, child-centric and quality education through the environment for the environment that will empower children to be positive, creative, sensitive and successful global citizens.

Over the years we have catered to more than 3000 schools through our complete School Transformation Programme – Eco-tech World School Programme and reached out to thousands of teachers and millions of students. Parisar Asha has also been playing a significant role in the capacity building of the teachers. Throughout the year various teachers’ training programs are rolled out in different subjects to build the knowledge and the skills of the teachers.

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Many of Srujna`s beneficiaries especially those who are living in the rural Maharashtra and semi-urban areas are facing enormous problems because of less availability of essential goods and no transportation in this complete lock-down period. To onslaught the situation, Srujna has been distributing ration kits and cooked foods across India. It has served 5829 families till date courtesy our supporters. Along with Mumbai and Mumbai suburbs, Srujna is able to serve in rural areas like Tetwali, Murbad and the cities like Delhi, Jaipur and Siliguri with the help of the local leaders.

To address the issue effectively, Srujna seeks more of your support and cooperation. It targets to reach out to the maximum number of woman artisans to keep them out from this plight.

Srujna at a glance:

Mission:

To provide skills and knowledge to disadvantaged women through training and workshops, to transform them into independent, confident and contributing members of their families and communities.

Vision:

A world where every woman has the resources and the abilities to live a meaningful life.

Values:

o Be Transparent & Accountable

o Be Impact First

o Be Professional

o Be Resourceful and effective

Srujna is one of its kind platforms that provides work and earning opportunities to the disadvantaged women through exhibitions, tie-ups with designers and corporates, live counters and market linkages where they sell their handcrafted products. The product range includes textile products, food products, paper products, bamboo products, and ceramic products. It also supports them backend by building their capacities through training and workshops.

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1. Provided water bottles to the Andheri police station and to their ground staff.

2. Organization working with P- south ward for distribution of ration to needy families, migrant laborers, and daily wagers who do not have their ration cards. Till today NGO has able to distribute 700+ families.

3. With the support of YUVA organization provided grocery kit to the 300+ needy families.

4. With the help of individual donors NGO is able to give grocery to 100+ families in the Mumbai.

5. This lockdown situation is also painful for stray animals also. NVS is feeding these stray animals from 27^th March to till date in Jogeshwari area.

6. With the support of Crisil Foundation providing Cooked meal to 600+ families and laborers in the Jogeshwari East.

About Need Vikas Sanstha (नीड विकास संस्था)-

Need Vikas Sanstha is the result of like-minded social workers coming together to initiate a common cause with a clear focus on rehabilitating the indigenous communities of Tribal & Urban families in the field of Nutrition, Education, and Employment. Santha’s major motto to uplift the deprived sections of the society for better endure. Since 2005, It has been at the forefront of facilitating meaningful initiatives that touch the lives of marginalized communities. To date they have through their programs reached out to over 5000+ of the indigenous communities. NVS’s outreach program broadly catalysts innovative programs.

It has organized different Career Guidance Program for young students in slums areas of Mumbai and with the help of different sources, it provide Education Scholarship for needy & potential students. In Aasangaon started with a Mini-Balwadi for the tribal padas to explorer the value of education in the tribal children’s for 1 year and formerly routed them to Zilla Parishad School. Educational kits are also distributed by NVS to deserving students in Asangaon. Also, a Health Check-up camp is regularly conducted for tribal families to cure their health issues and hygiene. They have organized Sports Competition (Krida Mahoustav) for the students of Zilla Parishad School, Aasangaon. The main objective was to inculcate the importance of sports among the rural students and acknowledge their talent for further development in sports. Summer Camps also organized for the tribal students with different activities to enhance their knowledge and skills to develop using local resources. Organized different health anxiety dialog & awareness programs for tribal women to take proper precautions to avoid any infection. Nutrition program was run by the organization for children, pregnant and lactating mothers to prevent undernourishment among them. Recently organization is working with Crisil Re foundation on Self Defence project on women’s safety in Aasangoan with 120 women, adolescent girls and boys.

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It gives us an immence pleasure to annouce that Prof. Pradeep Pai, Chairperson Executive Programs and Associate Professor of School of Business Management is NMIMS Mumbai’s InsideIIM Professor of The Year 2020! With a 20 years of industry and 25 years teaching experience, this professor engages the class with humor, wit and real-life industry examples. Here is why NMIMS Mumbai students love him. For more details please click

https://insideiim.com/nmims-mumbai-best-professor-2020?mailer=insideiim

Note – The winner(s) of the InsideIIM Professor of The Year at any given campus has/have been chosen by current MBA students of that campus. The voting process began in the month of February 2020, and MBA students could nominate their favourite professors here. The professor(s) with the maximum number of votes has/have been declared the winner(s) in 2020!

Source – Insideiim

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Contributions Made

With the changed context of the COVID-19 pandemic, a little over 90 % of NGOs and social enterprises have pivoted rapidly to respond to different and additional needs of local communities. Around 67 % of organizations were able to mobilize resources to provide relief measures. Social enterprises like Green India Initiative Pvt Ltd, Unity Group, Ecoexist, Srujna Charitable Trust, The Aangan Trust, Renovate India, Need Vikas Sanstha, Mann, Child Health Foundation, CCDT and Childline provided groceries and sanitation kits to people staying on streets, daily wage earners and migrants. Around 50 % of organizations in the study were found to be engaged in taking care of the basic requirements of the vulnerable communities. Some NGOs collaborated with government and corporates to avoid duplication of service and ensured that the essentials reach the affected communities.
Besides the distribution of grocery, one-third of organizations were engaged in creating community awareness for personal hygiene, community sanitation, raising resources, providing important medical information to communities. For instance, Watawaran was engaged in disseminating information about the food distribution system and other schemes in simple languages in rural areas of Maharashtra.
Organizations working in education in rural Maharashtra like Shivaji Rao Deshmukh Group of Institutes provided masks and sanitizers to government staff. Life Supporters Institute of Health Sciences (LIHS) is engaged in supporting Ambulance operators with designing SOPs for handling COVID19 patients and sanitization of the ambulance after the call. Childline coordinators also assisted government authorities to provide tele-counseling to suspected patients quarantined at homes.

Impact
It is an undisputed fact that the development sector across the globe is facing a critical threat from the pandemic. But, in India as our NGOs and social enterprises lack contingency planning the impact would be felt more. 83% of organizations reported that due to COVID19 their organizations’ work has been significantly impacted. Executives reported that the lockdown has impacted their project operations and they are sure of having financial challenges ahead. The financial and operational risk burden has fallen disproportionately on the NGOs and social enterprises. The implications of this for cash flows are critical at this time. A little more than one-third of executives stated that managing costs of running the organization, payment of staff salaries, early closure of projects, scaling down projects, delays in starting new projects are some of the many problems which social sector organizations will have to face now. Some are contemplating reducing the staff size, but that would be catastrophic to the organization. As their capacity to respond to both the immediate as well as long term needs which are likely to escalate as a result of this pandemic will be impacted.
Akhandjyoti Eye Hospital’s health operations were severely impacted as patients were unable to reach the hospital. Remote counseling of cases of child abuse and domestic violence was a big challenge for organizations like Arpan and Child Aid Foundation. Srujna’s livelihood support activities have been severely impacted and increased the economic vulnerability of poor women. Another important concern expressed by for-profit social enterprises like Awaaj, Ecoexist enterprises, Green India Initiative Pvt Ltd is related to business continuity and gaining market access as the spending patterns would now significantly differ. By and large, executives expressed that they are worried about the safety of their staff to work in slums and high-risk areas. Hence, a few organizations are now engaged in devising their service delivery strategy.
The colossal economic downturn implies an impact on future aid assistance. More than 50 % of executives feared that they may experience a reduction in grant in aid support from the government as well as corporates due to funds getting diverted to COVID19 relief and rehabilitation activities. The economic crisis is expected to limit both capacity and availability of donors and investors. Development organizations will have to re-think and redesign their business model to diversify their income and create a sustained impact.

Expectations: Government

To enable NGOs and social enterprises to function effectively and address the challenges created by COVID19, respondents shared that there is a need for developing new ideas and innovative solutions in the area of health care, livelihood support, and provision of energy. These solutions can evolve through cross-sector collaboration between development organizations, government, and corporates. It was echoed by almost all respondents that governments at all levels can play a key role in promoting these partnerships.

Almost 80 % of the executives shared that governments should design an innovative financing model for NGOs and social enterprises. Proposed solutions include the provision of an anticipatory financing mechanism like the provision of soft loans to social enterprises to raise finance in advance to address immediate needs, establishing an NGO Liquidity Fund for enabling NGOs to cover overheads during critical periods and payback over a period of time. Additionally provision of tax relaxations and that of demand-led grant in aid support were recommended. As development organizations work in high-risk environments there is a need to design risk-sharing models so that they will not be forced to shoulder the burden of financial risk all by themselves; rather it should be shared with donors/investors equally well.

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Today was the day the students of SVKM’s NMIMS School of Business Management, Mumbai Campus had waited for, since they first set foot in this prestigious University- the Convocation Day; which awarded each one of them the fruits of their hard work. It was graced by the presence of the Chief Guest Managing Director & General Manager – Speciality Care Established Pharmaceuticals of Abbott India, Mr. Vivek Kamath, Honorary Jt. Secretary, Managing Committee & Executive Committee of SVKM Dr. Jayant Gandhi (Nominee of the Chancellor of SVKM’s NMIMS Shri. Amrish Patel for the Convocation),Vice Chancellor of SVKM’s NMIMS Deemed to be University, Dr. Rajan Saxena, Provost & Dean, School of Business Management – Mumbai, Dr. Ramesh Bhat and the Registrar, SVKM’s NMIMS, Dr. Meena Chintamaneni. The esteemed University conferred Convocation awards to a total of 208 students spanning from MBA Law, Part Time MBA, Executive MBA, Part Time MBA in Social Entrepreneurship and Executive MBA in Pharmaceutical Management respectively.

Dr. Rajan Saxena (Vice Chancellor, SVKM’s NMIMS Deemed to be University) addressed the Honoured students and shared his views on life and expectations post graduation, “ The purpose of life is to develop socially, pursuing inclusive agenda and living in harmony with the external environment. The compromises that were made while doing this MBA course is equal to complimenting oneself.” He proclaimed that completing this degree marks the end of an era and the beginning of a new one. Finally, he concluded by congratulating the students for their extreme determination and expressed that they are all expected to be seen leading in life.

According to Dr. Ramesh Bhat (Provost & Dean, School of Business Management – Mumbai),  SVKM’s NMIMS has always taught its students to face challenges and to pursue the positive values of the powers of integrity. The time spent here is a Basic Foundation for Success in life and a Graduate from NMIMS has the Corporate Citizenship in his or her DNA.

The Convocation address was delivered by Chief Guest Mr. Vivek Kamath, (Managing Director & General Manager – Speciality Care Established Pharmaceuticals of    Abbott India) who contributed fundamental Life Lessons that he had learnt in his 28 years of being in Healthcare. He said that Education is a Selfless Service, that one must respect the teachers and the parents who have given their heart and soul to the betterment of their students and children. With his witty and wise palaver, he taught the students the importance of value system, understanding ones potential and of being Humble.

The Convocation Day was definitely an occasion to be inscribed in the minds of the students, who will now have a different, broader and a better outlook of their lives and their duties as citizens of the world. The words of Mr. Kamath will always be etched in their minds, “ Before, knowledge was the differentiator; now it is What You Do with that Knowledge that makes all the difference.”

The post A MOMENT OF PRIDE FOR MBA (LAW) AND EXECUTIVE PROGRAMS AT SBM – CONVOCATION DAY 2019 appeared first on SPANDAN e-Magazine.