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Special Seminar on “What went wrong with Satyam & Kingfisher”

September 28, 2017 Leave a comment

Special Seminar on “What went wrong with Satyam & Kingfisher”, September 27, 2017

Under the auspices of “Special Seminar Series”, a Special Lecture was delivered by Prof. J.P.Sharma, Director, IMS Ghaziabad, on “What went wrong with Satyam & Kingfisher” on September 27, 2017. Prof. Sharma, with his vast experience and innumerable publications on the related topic of “Corporate Governance”, engaged the PGDM I Year IMSians on an academically pertinent topic today.

Based on his own researches, Prof. Sharma explained, what could be the probable reasons for such collapses?. He deplored how company like Satyam, which received the prestigious “Golden Peacock Award” in 2008 collapsed in 2009?. The acceptance Rs. 7000 crore fraud by Mr. Ramalinga Raju on January 7, 2009 and subsequently takeover by Tech Mahindra in June 2009 infact Satyam now merged with Tech Mahindra. Prof. Sharma termed Satyam as a classic case of “bogus accounting”. In a similar vein, he also highlighted the failure of “Kingfisher Airlines” a classic case of mismanagement and not adhering to the tenets of Corporate Governance (CG) norms. In his view, the owner of Kingfisher -Mr. Vijay Mallya, a well educated man coming from a sound family behaved in an unethical manner. The Kingfisher Airlines was launched by Mallya in 2005, with initially 4 aircrafts, but emerged as second largest market share holder in Indian aviation by 2011, with its fleet reaching to 92. However, the company never declared profit.

Prof. Sharma elucidated several factors responsible to the downfall of “Kingfisher Airlines” including Mallya considered Kingfisher as his fiefdom; he withdrew substantial amount of money and diverted to several shell companies outside india and IPL; the CEO of the Kingfisher was paid exorbitant salary, ie second highest salary; Questionable role of Independent Directors/ Auditors/regulators/bankers; Lack of transparency prevailing at Kingfisher; Lack of professional management; ill timed merger with Air Deccan; Political funding; Lack of delegation of responsibilities; Defaulted on salary payments; pledging of shares by Vijay Mallya for getting loans from other banks. In all, based on facts and figures, the seminal lecture critically analyzed the “Rise & fall of Satyam & Kingfisher Airlines” and put forth a right perspective. Chairperson for “Special Seminar”- Dr. S. K. Dube expressed vote of thanks to the Director, Prof. J.P.Sharma for his ‘insightful lecture’ and keeping the flame of “Knowledge sharing” alive in IMS.

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Ms. Kavita Paudwal, Renowned Bhajan & Bollywood Singer’s message to IMSians for Mata ki Chowki on September 25, 2017

September 23, 2017 Leave a comment

Watch, Ms. Kavita Paudwal, Renowned Bhajan & Bollywood Singer’s message to IMSians for Mata ki Chowki on September 25, 2017.
Jai Mata Di !!!

IMS Ghaziabad organized SWACCHTA PAKHWADA

September 23, 2017 Leave a comment

To support the Clean India initiative of the Government of India, IMS Ghaziabad organized SWACCHTA PAKHWADA on 19th September, 2017 under the dynamic leadership of Prof. J. P. Sharma, Director – IMS Ghaziabad. During his address, he highlighted the importance of Swachcha Bharat Abhiyan and the contributions that needs to be made by every citizen of India to make our Country clean.

IMS Ghaziabad will also be organizing “Swachh Bharat Samridh Bharat” Abhiyaan on September 26, 2017, where a massive cleanliness drive will be undertaken by the faculty, staff and students of IMS.

SWACCHTA PAKHWADA is organized to pledge the support of the higher educational Institutions in spreading the message of cleanliness not only among the students but also in the surrounding areas. Higher Educational Institutions have a crucial role in shaping the public view about cleanliness. All the Faculty, Staff members and Students took Oath to keep the country clean and further propagate the message of cleanliness throughout the country.

Press Release of “HR Panel Discussion” organized by IMS Ghaziabad.

September 18, 2017 Leave a comment

Under the stewardship of Prof. J.P. Sharma Director IMS Ghaziabad, keeping the motto of excellence mantra, the HR department of IMS Ghaziabad organized “HR Panel Discussion” for PGDM 1st year and 2nd year students on Saturday, September 16, 2017.

The presence of HR Stalwarts from academia and corporate- like globally renowned Dr. Debi Singh Saini , Ex Professor, MDI Gurgaon, Ms. Arpita Kuila, Head HR, NEC India, Mr. Bharat Singh, Director – Global Services, Tata Consultancy Services Limited, and Ms. Niharika Misra, AGM- HR, Orchid Corporate Services (I) Pvt. Ltd., made a strong panel for discussion.

The session began with the inaugural remark by the transformational leader, Prof. J.P. Sharma, Director IMS Ghaziabad, where he underlined the importance of HR functions which acted like a lubricant in any organization for keeping its employees moving. During the Session Dr. Saini shared his thoughts about strategic importance of HR, employee engagement and producing intangible results as role of HR. Ms. Arpita drew attention on the digitalization and changing role of HR professionals in an organization. She also put emphasis on understanding business before entering into HR profile. In his presentation, Mr. Bharat Singh from TCS, exhorted a successful HR professional of next generation must have 3M’s, such as Multifunctional, multilevel of handling people and multi geographical work experience. The AGM-HR of Orchid Corporate Services, Ms. Niharika highlighted the need of serious efforts by students during their summer internship projects. She made a fervent appeal to students to take decisions in haste which can mar their career.

The panel discussion was moderated by Dr. Saini and other panel members including Dr. Tapan Kumar Nayak, PGDM Programme Chairperson, answered the questions raised by the students. The students were quite enthusiastic. It was an enriching experience for the audience and the session was concluded with the vote of thanks by Dr. Lata Bajpai Singh, Area Chairperson – HR.

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Director IMS delebrated as Member Panelist 3rd International Conf

September 12, 2017 Leave a comment

Director, IMS Ghaziabad, Prof. J. P Sharma delebrated as Member Panelist for “Defining Sound Corporate Governance” in the Third International Conference organised by the International Corporate Governance Society (USA), September 2017 along with Co- Panel speaker Dr. Shann Turnbull from Sydney, Ms. Kristin Holter from Sweden and Prof. Ilya Okhmatovskiy from Lisbon.

MCA Students attended conclave on “Digital Disruption”

September 8, 2017 Leave a comment

MCA Students attended conclave on “Digital Disruption & Impact on HR” at Hotel Shangri-La, New Delhi

With an objective to provide Corporate Exposure to all our students, IMS Ghaziabad provided an opportunity to its MCA Students to attend a conclave on 7th India Public Sector Agenda @ 2020 focusing on “Digital Disruption & Impact on HR”, 7th September 2017 at Hotel Shangri-La, New Delhi, organized by Indian Chamber of Commerce. IMS MCA First Year Students gained a lot of insights about Digital Disruption, associated revolutionary changes and their impacts.

IMSians lauded for their Excellent Performance by Corporate !!!

September 8, 2017 Leave a comment

IMSians lauded for their Excellent Performance by Corporate !!!

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