A team of 3 of our 1st Year BMD students (Aravind.R.N, Arunabh Chaudhuri, and Vaibhav Saini) participated in the MasterPlan business plan contest organized by
IIM Ahmedabad and won the second prize of ($3,000). More than 350 teams from international and indian b-schools participated in the event, and the final round was judged by Mr.Mukesh Ambani, Chairman, Reliance Industries. They were the only 1st year team to reach the final round of 6, and their interview was telecasted on CNBC last week.
The following is the news published in Financial Express
IIM AHMEDABAD- CONFLUENCE 2005
B school grads bag top honours
Jyotsna Bhatnagar Ahmedabad, Nov 26
They held Reliance Industries Limited chairman Mukesh Ambani spellbound with their business plans. The IIMA team walked away with top honours in the MasterPlan contest and a booty of US$ 6,000.
The brief of evolving a business plan with $5 billion forced the participating teams to “think big”.
The IIMA team, evolved an entire plan on ‘fruits and vegetables completing the supply chain’ using the model of cold chain management to source fresh farm produce directly from farmers and retailing it thereby eliminating middlemen.
The second award winning team was from XLRI Jamshedpur, which walked away with a prize of $3,000 with their entry ‘Skyjet’. Essentially a model of public transport combining the mass rapid transport system with the personal rapid transport system, the model seeks to evolve a magnetic levitation model for Bangalore.
The third award winning entry was from the IIM Indore team, whose plan seeks to electrify rural India starting with an energy generation of 4,000 MW using energy crops, which will be converted into energy plantations.