XLRI is launching a new Master in Science program on Positive Organization Development Change (or MPOD) in collaboration with the Case Western Reserve University (Cleveland, USA).
The program has been designed specifically to enable executives to become more effective change agents and leaders.
The first program is scheduled to begin in November 2012. It will be taught jointly by faculty drawn from the two schools.
Wednesday, February 15, 2012
XLRI Jamshedpur wraps up final placements with a record 284 offers and top salary of $125,000
From: The Economic Times
KOLKATA: The economic downturn notwithstanding, XLRI School of Business & Human Resources has wrapped up its final placement process 2012 in less than four days, with 98% of the batch getting placed within the first three days. Some 73 companies participated this year in the final placement process with a record 284 offers made to a batch of 235 students.
The highest domestic salary offered was Rs 40lakh and the highest international offer made stood in excess of $125,000. The average domestic salary for the final placement this year was Rs. 16.48 lakh. The median domestic salary was Rs. 15.5 lakh.
In the finance sector, top recruiter Goldman Sachs made 12 offers for its asset management and investment research roles. Other recruiters within the banking and finance sector included Standard Chartered, NM Rothschild, Citibank, Nomura, Bloomberg, Edelweiss, Rabobank, ICICI Bank, YES Bank, L&T Finance, SBI Capital Markets and DBS Bank. Additionally, corporate finance roles were offered by Airtel, Cairn India Energy and Reliance Industries.
On the consulting front, a large number of established and boutique consulting firms recruited students for international and domestic strategy roles. Multiple offers were made by Boston Consulting Group and McKinsey and Co. Deloitte Consulting recruited for India as well as US roles. First-timer Gallup Consulting offered multiple roles across divisions. Accenture Management Consulting made offers for its India and Global practices.
KPMG, Ernst and Young, IBM Consulting, Hay Group, Tata Strategic Management Group, Mercer, AonHewitt, Nielsen, PriceWaterhouse Coopers, PeopleStrong, Wipro Consulting, Cognizant Business Consulting, Capgemini Consulting, Infosys Consulting and HCL were among the other recruiters. Vector Consulting, a leading operations consulting firm, also recruited from XLRI for the first time.
From the marketing space, Unilever, P&G, Johnson & Johnson, GlaxoSmithKline, Nestle, PepsiCo, Hindustan Coca Cola Beverages, Asian Paints, Marico, Castrol, Britannia, ITC, Kraft Cadbury, Lenovo and Airtel were among the top names on campus. Airtel was among the largest recruiters with a total of 12 offers on campus.
In general management, TAS, Cairn India Energy, Aditya Birla Group, Mahindra, Hinduja Group, Lodha Group, Reliance Industries, RPG, Coromandel and Olam International were among the top names recruiting.
Technology companies including names such as Facebook, Amazon, Flipkart and Redbus, made their presence felt as did other companies like Michael Page, Suzlon, HPCL-Arcelor Mittal Energy Limited, Tata Motors and Raymond.
KOLKATA: The economic downturn notwithstanding, XLRI School of Business & Human Resources has wrapped up its final placement process 2012 in less than four days, with 98% of the batch getting placed within the first three days. Some 73 companies participated this year in the final placement process with a record 284 offers made to a batch of 235 students.
The highest domestic salary offered was Rs 40lakh and the highest international offer made stood in excess of $125,000. The average domestic salary for the final placement this year was Rs. 16.48 lakh. The median domestic salary was Rs. 15.5 lakh.
In the finance sector, top recruiter Goldman Sachs made 12 offers for its asset management and investment research roles. Other recruiters within the banking and finance sector included Standard Chartered, NM Rothschild, Citibank, Nomura, Bloomberg, Edelweiss, Rabobank, ICICI Bank, YES Bank, L&T Finance, SBI Capital Markets and DBS Bank. Additionally, corporate finance roles were offered by Airtel, Cairn India Energy and Reliance Industries.
On the consulting front, a large number of established and boutique consulting firms recruited students for international and domestic strategy roles. Multiple offers were made by Boston Consulting Group and McKinsey and Co. Deloitte Consulting recruited for India as well as US roles. First-timer Gallup Consulting offered multiple roles across divisions. Accenture Management Consulting made offers for its India and Global practices.
KPMG, Ernst and Young, IBM Consulting, Hay Group, Tata Strategic Management Group, Mercer, AonHewitt, Nielsen, PriceWaterhouse Coopers, PeopleStrong, Wipro Consulting, Cognizant Business Consulting, Capgemini Consulting, Infosys Consulting and HCL were among the other recruiters. Vector Consulting, a leading operations consulting firm, also recruited from XLRI for the first time.
From the marketing space, Unilever, P&G, Johnson & Johnson, GlaxoSmithKline, Nestle, PepsiCo, Hindustan Coca Cola Beverages, Asian Paints, Marico, Castrol, Britannia, ITC, Kraft Cadbury, Lenovo and Airtel were among the top names on campus. Airtel was among the largest recruiters with a total of 12 offers on campus.
In general management, TAS, Cairn India Energy, Aditya Birla Group, Mahindra, Hinduja Group, Lodha Group, Reliance Industries, RPG, Coromandel and Olam International were among the top names recruiting.
Technology companies including names such as Facebook, Amazon, Flipkart and Redbus, made their presence felt as did other companies like Michael Page, Suzlon, HPCL-Arcelor Mittal Energy Limited, Tata Motors and Raymond.
Friday, February 03, 2012
SKS Microfinance appoints Verghese Jacob (79BMD) as Ombudsperson
From Business Today
SKS Microfinance, the country's only listed mirofinance entity, announced on Wednesday that it has appointed Verghese Jacob as its ombudsman, making SKS arguably the only Indian NBFC-MFI (non banking microfinance company- microfinance institution) to have such a structure in place for customer protection and grievance redressal.
Verghese Jacob, who has had long years of experience in the corporate and social sectors, is also the Chief Integrator (the preferred designation for the CEO) at Byrraju Foundation, set up by the Satyam Computer's erstwhile promoter family of Rajus. Verghese Jacob, SKS says, has over 30 years of experience spanning the corporate and social sectors. In the corporate world he has held senior executive and board level positions with groups like the Godrej, IBS, ACCEL and KVK. It also says the 57-year-old MBA from XLRI, Jamshedpur is also a Six Sigma Black Belt.
Interestingly, this announcement comes close on the heels of the company getting its shareholder and the Reserve Bank of India approval for raising the investment limit of foreign institutional investors in the company to 74 per cent from 24 per cent. It is currently at 15 per cent but post its QIP, it is expected to touch 45 per cent.
People from the sector have welcomed the move to have an ombudsman though some are not sure if this move is any way linked to the plan to have an increased FII holding where in it would technically become a largely foreign-owned company. The company however sees this as an effort aimed at heralding a new era in institutionalising customer protection and grievance redressal in the Indian microfinance industry.
"The appointment of Verghese Jacob as our ombudsman showcases SKS Microfinance Limited's commitment to continue its pioneering customer protection and grievance redressal initiatives including its toll-free Helpline (1800 300 10000) in eight Indian languages, constant vigil on process, system and regulatory compliance and customer awareness programmes over the years," says MR Rao, managing director & chief executive officer, SKS Microfinance Limited. He says, "Verghese will help us set new benchmarks of excellence in customer protection and grievance redressal."
Verghese Jacob,already sees work cut out for himself. Talking to BT, he says: "The plan is to have a team in place for this but right now the focus in not just on attending to customer protection and grievance redressal but also on the internal processes that are in tune with the needs of the RBI guidelines." For example, looking at whether the transaction process with customers is robust enough to ensure the guidelines are not violated.
"It certainly is an excellent idea,'' says Sanjay Sinha, managing director, Micro-credit Ratings International Limited (M-CRIL), which is involved in financial rating of microfinance institutions and in sectoral advisory services.
He however has a piece of advice for MFIs: "It is important to keep in mind that it is not just respected people that would be needed in such roles but also those who understand the sector and it nuances.'' How this will be handled at SKS will be closely watched given the company operates across 19 states of India - Andhra Pradesh, Karnataka, Maharashtra, Orissa, Madhya Pradesh, Bihar, Uttar Pradesh, Rajasthan, Uttaranchal, Himachal Pradesh, Haryana, West Bengal, Jharkhand, Chhattisgarh, Gujarat, Kerala, Tamil Nadu, Punjab and Delhi.
SKS Microfinance, the country's only listed mirofinance entity, announced on Wednesday that it has appointed Verghese Jacob as its ombudsman, making SKS arguably the only Indian NBFC-MFI (non banking microfinance company- microfinance institution) to have such a structure in place for customer protection and grievance redressal.
Verghese Jacob, who has had long years of experience in the corporate and social sectors, is also the Chief Integrator (the preferred designation for the CEO) at Byrraju Foundation, set up by the Satyam Computer's erstwhile promoter family of Rajus. Verghese Jacob, SKS says, has over 30 years of experience spanning the corporate and social sectors. In the corporate world he has held senior executive and board level positions with groups like the Godrej, IBS, ACCEL and KVK. It also says the 57-year-old MBA from XLRI, Jamshedpur is also a Six Sigma Black Belt.
Interestingly, this announcement comes close on the heels of the company getting its shareholder and the Reserve Bank of India approval for raising the investment limit of foreign institutional investors in the company to 74 per cent from 24 per cent. It is currently at 15 per cent but post its QIP, it is expected to touch 45 per cent.
People from the sector have welcomed the move to have an ombudsman though some are not sure if this move is any way linked to the plan to have an increased FII holding where in it would technically become a largely foreign-owned company. The company however sees this as an effort aimed at heralding a new era in institutionalising customer protection and grievance redressal in the Indian microfinance industry.
"The appointment of Verghese Jacob as our ombudsman showcases SKS Microfinance Limited's commitment to continue its pioneering customer protection and grievance redressal initiatives including its toll-free Helpline (1800 300 10000) in eight Indian languages, constant vigil on process, system and regulatory compliance and customer awareness programmes over the years," says MR Rao, managing director & chief executive officer, SKS Microfinance Limited. He says, "Verghese will help us set new benchmarks of excellence in customer protection and grievance redressal."
Verghese Jacob,already sees work cut out for himself. Talking to BT, he says: "The plan is to have a team in place for this but right now the focus in not just on attending to customer protection and grievance redressal but also on the internal processes that are in tune with the needs of the RBI guidelines." For example, looking at whether the transaction process with customers is robust enough to ensure the guidelines are not violated.
"It certainly is an excellent idea,'' says Sanjay Sinha, managing director, Micro-credit Ratings International Limited (M-CRIL), which is involved in financial rating of microfinance institutions and in sectoral advisory services.
He however has a piece of advice for MFIs: "It is important to keep in mind that it is not just respected people that would be needed in such roles but also those who understand the sector and it nuances.'' How this will be handled at SKS will be closely watched given the company operates across 19 states of India - Andhra Pradesh, Karnataka, Maharashtra, Orissa, Madhya Pradesh, Bihar, Uttar Pradesh, Rajasthan, Uttaranchal, Himachal Pradesh, Haryana, West Bengal, Jharkhand, Chhattisgarh, Gujarat, Kerala, Tamil Nadu, Punjab and Delhi.
Wednesday, January 11, 2012
Invitation from XLRI: Fr Arrupe Centre for Ecology & Sustainability
Dear friends
I am happy to invite you for inauguration of
Fr Arrupe Centre for Ecology and Sustainability (FACES)
at the
Learning Centre, XLRI
at
11:00am on January 14th, 2012
I am happy to share that Dr Ajoy Kumar, MP East Singhbhumi has accepted to be the chief guest at the function. Dr Harish Hande, Managing Director, SELCO-India and Ramon Magsaysay Awardee 2011 will deliver the keynote speech on the theme of “Sustainable Energy for Rural and Under-served Markets” on the occasion.
While Dr Ajoy Kumar needs no introduction for the citizens of Jamshedpur, I am pasting a short note on the Centre and on SELCO and Dr Hande below.
---
Fr Arrupe Centre for Ecology and Sustainability is a multi-disciplinary activity centre at XLRI to provide thought leadership to promote policies, practices and dialogue which have impact on holistic and sustainable development of society and enterprises. The Centre will engage in three key activities of
(1) Knowledge Creation (e.g., undertaking and sponsoring research on and documentation of sustainable programmes, enterprise models and practices),
(2) Knowledge Dissemination (e.g., organizing conferences and roundtables to provide a platform for sharing sustainable models of development) and
(3) Knowledge Application (e.g., providing thought leadership for “Embedded Sustainability” through consultancy / MDP / capacity building programs).
----
SELCO Solar Light Private Ltd. (SELCO-India) is one of the largest solar technology providers in India, having reached more than half-a-million people by installing solar lights in 120,000 households, microenterprises, and community facilities.
By achieving this scale, SELCO has demonstrated that the poor can indeed afford sustainable technologies and maintain them. SELCO adopts a three-prong strategy for reaching the poor - it offers “customized products” by designing solar technology applications to specific needs of the customers (e.g., 2- or 4-light system for the home, head lamps for night workers like midwives and rose pickers, or electricity for sewing machines); it provides “doorstep financing” by linking the customers with credit institutions, like rural banks, cooperatives, even self-help groups; and it provides “doorstep service” through prompt, personalized help through its wide network of service centers.
For his work Dr Harish Hande was awarded the 2011 Ramon Magsaysay Award (considered to be the Nobel Prize of Asia) as a recognition of “his passionate and pragmatic efforts to build social enterprise that brings customized, affordable and sustainable electricity to India’s vast rural population, encouraging the poor to become asset creators.”
Dr Harish Hande is a B.Tech (Hons.) from IIT, Kharagpur, and holds a PhD degree in Energy Engineering from University of Massachusetts, U.S.A. He was awarded the Social Entrepreneur of the Year Award in 2007, and was also the recipient of Ashden Awards for Sustainable Energy (U.K.) 2005 and 2007, and Tech Museum Award (USA) 2005. In 2008, he as featured by Business Today as one of the 21 Young Leaders for India’s 21st Century, and by India Today among the 50 Pioneers of Change in India
Besides being the Managing Director, Board Member and Co-Founder of SELCO Solar Light Private Ltd. (SELCO-India), Dr Hande is also a Board Member of E+CO (USA), Greenpeace-India and Small Scale Sustainable Infrastructure Development Fund (S3IDF), India.
We look forward to your presence and request for appropriate coverage of the event
Thanks and regards
Madhukar
==========================
Dr Madhukar Shukla
Prof (Strategic Mgt & Organisational Behaviour)
& Chairperson, Fr Arrupe Center for Ecology & Sustainability
XLRI School of Business and Human Resources
CH Area (East), Jamshedpur 831001, Jharkhand (India)
XLRI Alumni Meet - Dubai
Dear Friends,
You may be happy to note that Fr. Abraham E, Director XLRI; Fr. George CL, Dean [A & F]; Prof. Jittu Singh are visiting Dubai during January 16th & 17th 2012 in connection with offering a joint MBA programme with Case Western Reserve University, USA and Tongji University, Shanghai. We propose to hold the alumni get-together on 17th evening at a suitable venue. Mr. Murali Krishnan has taken initiatives in organizing the event and he will pass on to us the details of the event soon.
Looking forward to your active participation,
With warm regards,
Dr. MG Jomon
Chairperson - Alumni
You may be happy to note that Fr. Abraham E, Director XLRI; Fr. George CL, Dean [A & F]; Prof. Jittu Singh are visiting Dubai during January 16th & 17th 2012 in connection with offering a joint MBA programme with Case Western Reserve University, USA and Tongji University, Shanghai. We propose to hold the alumni get-together on 17th evening at a suitable venue. Mr. Murali Krishnan has taken initiatives in organizing the event and he will pass on to us the details of the event soon.
Looking forward to your active participation,
With warm regards,
Dr. MG Jomon
Chairperson - Alumni
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