Synergy 2015

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Synergy 2015

Mumbai 6th November 2015: XLRI Jamshedpur hosted the second edition of its annual conclave in the Westin hotel today.  Synergy is the annual conclave organized by the 3 main functional committees for XLRI, FINAX (The Finance Club), CRUX (The consulting club) and AXIOM (The operations management club) . The conclave has always been the breeding ground of innovation as people from different divisions get together to discuss solutions to the problems facing the nation. This year’s event was conducted in association with XLRI’s Mumbai Alumni Association and was sponsored by Juran, SCNext and Uber.

The theme for this year’s event was “Recipe for sustainable profit growth in India”. The conclave was started with the lighting of the lamp by Mr Ajay Srinivasan , CEO Financial Services – Aditya Birla group and Professor Gourav Vallabh. Professor Vallabh then went on to lead the proceedings for the day with the welcome address. He stressed on the different facets of sustainability and mentioned that the true success of the conclave lay in generating different perspectives from the cross functional interactions and getting the policy makers to take notice.

The keynote speech on the first day was given by Mr Ajay Srinivasan on the topic “Changing face of Financial Services in India”. As a veteran of Financial services Industry in the country, he has been exposed to the various facets and nuances of the Industry. He discussed 5 major themes of the changes in the financial industry and a key learning from the speech was “In our country Banking is necessary, but banks in the current form are not”.

He then released The Finance Manager, finance journal compiled by FINAX which covered a variety of topics about the changing face of finance. This was followed by a Panel discussion on the topic “Growth in Financial Services: The way forward”. Satish Kumar Gupta, ED – JM Financial Asset Reconstruction, Naveen Munot -CIO – SBI Mutual funds, Mr Arun Diaz, MD-Jeevanti Healthcare and Mr Swarup Beria, VP-Omnivore Ventures were the panelists.

The stock pitch competition was conducted after the lunch and saw the participants pitching various companies from INOX to Infosys to the judges, Mr Swarup Beria and Mr Amarjeet Singh. The team from NMIMS emerged as winners.

A speech on the topic “Emerging trends in Product Development and its impact on S&P and logistics” from Mr Dinesh Shyamsunder , SDC Leader of WABCO followed.  In his speech he highlighted the challenges in automotive product development and highlighted the importance of absorbing the changes and leveraging the synergies. It was followed by a case study competition on the topic, ‘Emerging trends and challenges in e-retail supply chain in India’. The team from SP Jain won the competition with XLRI team coming a close second.

The second day of the conclave was started with the lighting of the lamp by Mr Ashok Venkataramani, CEO ABP News. He gave a keynote speech on the topic “Seven Healthy habits of Profitable Companies”. He discussed his 7 major mantras for profitable companies like creative aberration, impacts of sustainability on profit, decisive actions and managing people.

This was followed by the first panel discussion on the topic “Organization leadership – paradigms for driving profitable growth in changing times“. Sandeep Dasgupta – CEO, BOI AXA Investment Managers, Mr Sushil Luniya – CEO, Raymond Group, Mr Pritesh Vinay, VP of Capital Markets and Investor Relations, JSW Steel and Mr Raj Benahalkar – Chief Strategy and Risk Officer, NCDEX were the panelists. They discussed the role of a leader and how the elements of personal leadership impact the organization.

The second panel discussion subsequently on the topic “Understanding Strategic Levers to drive Growth – Perspectives“. The panel comprised of Mr Raghava Rao – CEO Camomile Healthcare Ventures Pvt. Limited, Mr Raman Madhok – MD, CMI FPE Limited, Mr Prabhakar Jain – CEO Pidilite Industries, Mr Gunjan Srivastava – MD and CEO Bosch and Siemens Home Appliance and Mr Vijay Udasi – SVP -Sales Effectiveness Practice at Nielsen India. Many panel members were XLRI alumni and they fondly recounted their memories as students at XLRI and how the experiences helped shape them into future leaders.

The third panel discussion was conducted after the lunch on the topic “Balancing Short Term Growth Priorities with long term needs – Creating a culture for balancing today’s performance and ensuring sustainable tomorrow“. Ms Meenakshi Priyam – HR Head, Novartis, Ms Kannika Sagar – Chief People’s Officer, HCL, Mr Abhijit Mishra – Managing Partner, Nurture Resources LLP and Mr Ambrish Rastogi – Director, PwC were the panelists. There were keen insights for students about the changing pace of the industry and how sustainable growth is becoming much more important.

The last panel discussion was on the topic “Innovate or Perish Imperitives to Driving Growth and Making Innovation Work“. Mr Nitya Sharma – CEO and Co-Founder Simpl, Mr Rahul Dash –  Co-Founder Purplle, HCL, Mr Kiran Patil – Co-Founder of Villcart, Nurture Resources LLP and Mr Anshu Prasher – Associate Director, InnoVen Capital were the panelists. This discussion threw up the challenges faced by todays startup community and also how successful entrepreneurs are able to overcome those.

The conclave came to an end with the audience appetite for an industry perspective satiated. With such extensive media coverage, an impressive line-up of experts, participation of top business schools and a theme which resonates across the entire country, Synergy, 2015 stands poised to be one of the biggest conclaves of the year.

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