Bengaluru: Symbiosis Institute of Business Management (SIBM) Bengaluru recently hostedAlchemy 2017, the Annual Management Conclave in all its grandeur. The two-day event centred around the theme ‘VivartanamBharate’wherein esteemed speakers from various sectors of the industry participated in panel discussions and gave keynote speeches.
India is standing on the precipice of change. In the last few years, the country has witnessed a tectonic shift in the geo-political landscape. But, will it be able to sustain its growth in this financially progressive and technologically driven environment? Alchemy 2017, addressed this burning issue.
In all there were Four Keynote Speakers and Three Panel Discussions:‘Technological Singularity’, ‘Bankable India?’ and ‘Good and Simple Tax?’. The Keynote speakers and Panelists were:
Keynote Speaker #1: Mr. C.Rammanohar Reddy, Reader’s Editor, Scroll.in
Mr. C.Rammanohar Reddy spoke passionately about how Financial Inclusion is going to be the tool to ensure fiscal consolidation. He rightfully said, “Access to credit at the right time is the first step towards financial inclusion.”Mr. Reddy also mentioned that Financial Inclusion, should not just remain confined to the head of the household as it needs to reach women as well in order to make it truly inclusive.
Keynote Speaker #2: Mr. Rajat JainFounder, PadUp Ventures Pvt. Ltd., Exec. Vice Chairman, Neva Garments Ltd., Non Exec. Director, Xerox India
Mr. Jain, spoke about innovation and how it is the key to success. He said, “What is it that makes you a successful entrepreneur? First and foremost, it is a ‘unique idea’.” He urged the students to follow their passion and blaze their own path and not be afraid to make their own choices.
Panel #1: Technological Singularity
Mr. Rohit Kumar Pandey, Co-founder and CEO, SigTuple
Mr. Naveen Yeri, Head of Consumer Risk Advanced Analytics, Wells Fargo
Mr. SambathMargabandhu, Vice President, Polaris Consulting and Services Ltd.
Mr. PadmanabhanBabu, MD and CEO, LogiLink, India.
Mr. BhupendraBhate, CDO, L&T Technology Services.
Mr. Rohit Kumar Pandeyaptly said, “AI will act as an enabler that will serve to improve the efficiency of doctors.”
Mr. Naveen Yerispoke about the grassroot levels of every organization adapting AI for it to be successful. He said, “Traditional leadership has to unlearn and relearn AI before coming to judgement about it.”
Mr. SambathMargabandhu, in support of Artificial Intelligence, said, “Adaptability is the next new thing.”
Mr. PadmanabhanBabucommented, “The important thing to address is, ‘Does AI help me drive my sales growth?’ ”
Mr. BhupendraBhatesaid, “Before using AI, we need to understand the domain of that industry”.
Panel #2: Bankable India?
Dr.SusheelaVenkataraman, former Technology Head at Asian Development Bank.
Prof. Ravi Kumar, Placement Head, SIBM Bengaluru
Mr. TamalBandyopadhay, Consulting Editor of Mint.
Mr. RavinderBeniwal, President, Aditya Birla Idea Payments Bank
Prof. Ravi Kumar started off the discussion sayingthat “Deposit penetration has become the key driver for financial inclusion.”
“Digital and Financial Inclusion go hand in hand.”, said Dr.SusheelaVenkataraman, emphasising the role of technology in bringing about transformation.
“For Financial Inclusion, we need to make bank products friction free.” said Mr. RavinderBeniwal.
Mr. TamalBandyopadhay, highlighted the focal points for making Financial Inclusion a reality. He said, “Financial Inclusion has to be profitable to be viable and not from charity or CSR activities.”
Keynote Speaker #3: Mr. Sunder Madakshira, Head-Marketing, Adobe India
Mr. Madakshirahighlighted the significance of digitisation, and said “The question for companies is not whether they’ll become digital, it’s when they’ll become digital.” He added, “The digital world offers more opportunities than it takes away.”
Keynote Speaker #4:Mr. S.R. Raghavendra Rao, Ex-head CMI Airports Planner, Airports Authority of India
Mr. Rao inspired the students with his profound words. He said, “Ability and attitude together in the proper proportion is what is needed.” He also congratulated SIBM Bengaluru for providing the students theexposure to such stalwarts from the industry.
Panel #3:Good and Simple Tax?
Mr. Abhay Dadhich,AVP Finance – Business, SPAR India
Mr. Raviraj Rodrigues,Head Supply Chain, Wildcraft
Ms. Aparna Bhatnagar,CEO,Green and Goods Store
Mr. AravindanRamachandran, Independent Consultant
Mr. AravindanRamachandran began the discussion by highlighting that several issues had come up relating to people not compiling with GST norms.
Mr. Abhay Dadhich rightfully said, “GST will be beneficial in the long run, but for now, the consumer is paying more. I agree that GST should have been implemented, but the government could do a better job in rolling out the tax reform.”
Ms. Aparna Bhatnagarcorroboratedby saying,“GST shouldn’t be about meeting the deadline, but should be about achieving it smoothly.”
“Post GST, regional differentiation by firms on the basis of taxes is passé.” saidMr. Raviraj Rodrigueswho spoke extensively about the various advantages of GST. He added, “The larger discussion is, if you want the country to be tax compliant, GST is the way to go.”
All in all, every speaker edified the students with their expert insights which will certainly help them adapt to the ever-changing landscape of the country and find their way to success. The management students gained a fresh perspective about changes in the market under the light of the reforms brought about by the government.
HardikNikhare, Coordinator of the Conferences and Events Committee, said “We live in a dynamic environment, a VUCA world, as some of the speakers said. What we tried to do with this theme, ‘VivartanamBharate’, was to bring the experts on stage and encourage students to be a part of this transformation rather than just being a mere witness to it.”
About SIBM Bengaluru:
Ever since its inception in 1978, SYMBIOSIS has been synonymous with progress. The trend of progress has been continued by setting up of SIU’s first campus outside Maharashtra at Bengaluru in 2008. SIBM Bengaluru is now one of the leading B-Schools of the country. The focus, now, is on matching global standards of management education. SIBMB instills a work culture which is unparalleled among various institutions. It provides a holistic approach to management which goes a long way in creating a dynamic identity. Vibrant student associations and committees complement the program with a number of activities involving institute-industry interaction.
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Leona Jennifer Ankita Chauhan
SIBM Bengaluru, #95/1, #95/2, Electronics City, Phase-1, Hosur Road, Bengaluru – 560100.