16 December 2023 | B W BUSINESSWORLD | 201 RANKINGS TOP B-SCHOOLS PRIVATE BHARATHIDASAN INSTITUTE OF MANAGEMENT, TRICHY influencing tomorrow www.bim.edu/admissions Visit Our Website 16 FORE School of Management New Delhi, North 13.7 3.8 8.1 8.5 13.1 8.3 8.6 18 4.6 86.7 17 Birla Institute of Management Technology ; Jagdish Sheth School of Management Greater Noida; Bengaluru North/ South 13.7 3.8 8.1 8.5 12.9 8.3 8.6 17.9 4.6 86.4 18 Loyola Institute of Business Administration Chennai South 13.6 3.7 8 8.5 12.9 8.1 8.7 17.9 4.6 86 19 Lal Bahadur Shastri Institute of Management New Delhi North 13.5 3.7 8.1 8.4 12.8 8.2 8.5 17.8 4.5 85.5 20 Amity Business School Noida North 13.5 3.6 8.1 8.4 12.8 8.1 8.5 17.7 4.5 85.2 21 FOSTIIMA Business School New Delhi North 13.5 3.6 7.9 8.3 12.7 8 8.6 17.6 4.5 84.7 22 Institute for Financial Management and Research Chittoor South 13.4 3.4 7.8 8.2 12.6 7.9 8.5 17.8 4.4 84 23 Amrita Vishwa Vidyapeetham University Coimbatore South 13.3 3.4 7.9 8.2 12.6 7.9 8.5 17.6 4.4 83.8 24 Institute of Management Technology Nagpur; Hyderabad West/ South 13.2 3.5 7.8 8.2 12.7 7.8 8.5 17.5 4.3 83.5 25 Birla Institute of Technology & Science (BITS ) Pilani North 13.2 3.4 7.8 8.1 12.7 7.8 8.2 17.4 4.4 83 26 Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD) Mysore South 13.2 3.4 7.8 8.3 12.6 7.6 8.3 17.4 4.2 82.8 27 Balaji Institute of Modern Management Pune West 13.1 3.3 7.6 8.3 12.6 7.6 8.3 17.4 4.3 82.5 28 SIES College of Management Studies Navi Mumbai West 13 3.3 7.6 8.3 12.5 7.6 8.2 17.3 4.3 82.1 29 Rajagiri Centre for Business Studies Kochi South 13 3.3 7.6 8.2 12.4 7.5 8.1 17.2 4.3 81.6 30 PSG Institute of Management, PSG College of Technology Coimbatore South 12.9 3.2 7.5 8.2 12.3 7.5 8.1 17.2 4.3 81.2 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS 31 Birla Institute of Technology & Science (BITS); Great Lakes Institute of Management Hyderabad; Gurugram South/ North 12.8 3.2 7.5 8.1 12.3 7.7 8.2 17.1 4.1 81 32 Institute of Public Enterprise Hyderabad South 12.8 3.2 7.4 8.2 12.2 7.6 8.2 17.2 4.1 80.9 33 Chitkara University Chandigarh North 12.7 3.1 7.3 8.2 12.2 7.6 8.2 17.2 4.1 80.6 34 Lexicon Management Institute of Leadership & Excellence Pune West 12.7 3.2 7.3 8 12.2 7.5 7.9 17.1 4.1 80 35 SCMS Cochin School of Business Cochin South 12.7 3.2 7.3 7.9 12.2 7.4 7.8 17 4.1 79.6 36 Jaipuria Institute of Management Lucknow North 12.6 3.2 7.2 7.8 12.1 7.3 7.9 17.1 4.1 79.3 37 Flame University Pune West 12.6 3.2 7.1 7.8 12.1 7.3 7.9 17.1 4.1 79.2 38 Jindal Global Business School Sonipat North 12.3 3.2 7.1 7.8 12.1 7.3 7.8 17 4.1 78.7 39 Jagannath International Management School Kalkaji, New Delhi North 12 3.2 7.1 7.8 12.1 7.3 7.8 17 4.1 78.4 40 Dayananda Sagar University; Jaipuria Institute of Management Bengaluru; Noida South/ North 12 3.1 7 7.8 12.1 7.3 7.8 17 4.1 78.2 41 Indus Business Academy Bengaluru South 12 3.1 6.9 7.8 12.1 7.3 7.7 17 4.1 78 42 Acharya Bangalore B School Bengaluru South 12 3.1 6.9 7.7 12 7.2 7.7 17 4.1 77.7 43 Institute of Management Studies Ghaziabad North 11.9 3.2 6.9 7.5 11.6 6.9 7.4 16.6 3.9 75.9 44 Galgotias University Greater Noida North 11.8 3.1 6.9 7.4 11.3 7.3 7.4 16.5 3.8 75.5 45 Amity Business School Gurugram North 11.7 3.1 6.8 7.1 11.2 6.8 7.3 16.4 3.9 74.3 46 Jagan Institute of Management Studies, Rohini New Delhi North 11.7 3.1 6.7 7 11.3 6.8 7.1 16.5 3.7 73.9 TOP B-SCHOOLS PRIVATE Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS 47 Chandigarh Business School Chandigarh North 11.4 3.1 6.5 6.5 10.9 6.6 6.7 16.2 4 71.9 48 Xavier Institute of Management and Entrepreneurship Bengaluru South 11.4 3 6.5 6.3 11.1 6.7 6.6 16.1 3.8 71.5 49 MDI Murshidabad Murshidabad East 11.3 2.9 6.5 6.6 10.5 6.4 6.7 16 3.5 70.4 50 International Management Institute Bhubaneswar Bhubaneswar East 11.3 2.9 6.7 6.5 10.6 6.4 6.6 15.8 3.5 70.3 51 International Management Institute Kolkata Kolkata East 11.2 2.9 6.4 6.4 10.5 6.5 6.5 16 3.4 69.8 52 ISSM Business School Chennai South 11.1 2.9 6.4 6.3 10.4 6.5 6.7 15.9 3.4 69.6 53 KIIT School of Management Bhubaneswar East 11 2.8 6.3 6.3 10.3 6.5 6.8 15.8 3.3 69.1 54 International School of Business & Media Pune West 11 2.8 6.3 6.2 10.2 6.4 6.7 15.8 3.4 68.8 55 Institute of Rural Management Anand West 11 2.8 6.3 6.3 10.1 6.3 6.6 15.7 3.3 68.4 56 Universal Business School Mumbai West 11 2.8 6.3 6.1 10.2 6.3 6.5 15.7 3.2 68.1 57 GITAM School of Business Visakhapatnam South 10.9 2.8 6.3 6.1 10.2 6.3 6.5 15.7 3.2 68 58 Siva Sivani Institute of Management Secunderabad South 10.8 2.9 6.2 6 10.2 6.4 6.3 15.9 3.2 67.9 59 MS Ramaiah Institute of Management Bengaluru South 10.8 2.8 6.2 5.9 10.1 6.4 6.4 15.8 3.2 67.6 60 MIT World Peace University Pune West 10.7 2.8 6.1 5.8 10 6.2 6.5 15.8 3.2 67.1 61 VIT Business School Vellore South 10.6 2.7 6.2 5.7 9.8 6.1 6.2 15.6 3 65.9 62 Doon Business School Dehradun North 10.6 2.7 6.1 5.5 9.7 6.1 6.2 15.8 3 65.7 63 Kirloskar Institute of Advanced Management Studies Harihar South 10.5 2.7 6 5.7 9.6 6.3 6.2 15.4 3 65.4 TOP B-SCHOOLS PRIVATE Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS 64 Vignana Jyothi Institute of Management Hyderabad South 10.5 2.7 6 5.6 9.8 6 6.1 15.3 3.1 65.1 65 School Of Leadership & Management (MBA), Manav Rachna International Institute of Research and Studies Faridabad North 10.5 2.8 6 5.6 9.6 6 6.2 15.3 2.9 64.9 66 Balaji Institute of Management and Human Resource Development Pune West 10.4 2.7 6 5.6 9.7 6 6 15.3 3.1 64.8 67 Institute of Social Welfare and Business Management Kolkata East 10.3 2.9 5.8 5.6 9.7 5.6 5.6 15 2.9 63.4 68 IILM Institute of Business Management, School of Management, IILM University; Rourkela Institute of Management Studies Gurugram, Rourkela North/ East 10 2.6 5.8 5.2 9.5 5.8 5.8 15.2 2.9 62.8 69 Prin. LN Welingkar Institute of Management Development and Research Bengaluru South 10 2.6 5.8 5.1 9.4 5.8 5.8 15.2 2.8 62.5 70 Sir Padampat Singhania University Udaipur West 9.9 2.6 5.7 5.2 9.5 5.8 5.7 15.1 2.7 62.2 71 Jaipuria Institute of Management Jaipur West 9.9 2.6 5.6 5.1 9.5 5.7 5.6 15.4 2.6 62 72 MET Business School Mumbai West 9.8 2.5 5.6 5 9.3 5.7 5.8 15.4 2.7 61.8 73 RV Institute of Management Bengaluru South 9.8 2.5 5.6 5 9.4 5.7 5.7 15.1 2.6 61.4 74 GNIOT Institute of Management Studies Greater Noida North 9.8 2.5 5.6 4.9 9.4 5.6 5.6 15.3 2.6 61.3 75 Lovely Professional University Phagwara North 9.7 2.5 5.6 4.8 9.2 5.7 5.6 15.2 2.5 60.8 76 Vivekananda Institute of Management Studies Coimbatore South 9.6 2.4 5.6 4.9 9.2 5.5 5.5 15.3 2.5 60.5 77 IILM Graduate School of Management Greater Noida North 9.5 2.4 5.4 4.7 9.1 5.4 5.4 15 2.5 59.4 TOP B-SCHOOLS PRIVATE Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS 78 Institute of Management, JK Lakshmipat University Jaipur West 9.4 2.4 5.3 4.6 8.9 5.4 5.3 15 2.4 58.7 79 Manav Rachna University Faridabad North 9.3 2.4 5.2 4.6 9 5.2 5.4 14.9 2.6 58.6 80 Hindustan Institute Of Technology & Science Chennai South 9.3 2.3 5.1 4.5 9.1 5.3 5.5 14.9 2.4 58.4 81 Sambhram Academy of Management Studies Bengaluru South 9.2 2.3 5.1 4.4 8.9 5.2 5.4 14.9 2.3 57.7 82 Ajeenkya DY Patil University, School of Management Pune West 9.2 2.3 5.1 4.4 8.8 5.2 5.4 14.9 2.3 57.6 83 Kongu Engineering College Perundurai South 9.2 2.3 5 4.3 8.9 5.1 5.3 14.8 2.3 57.2 84 AISSMS Institute of Management Pune West 9.2 2.3 5 4.3 8.8 5.1 5.2 14.7 2.4 57 85 Administrative Management College Bengaluru South 8.9 2.2 4.9 4.2 8.7 5 5.2 14.7 2.4 56.2 86 Thiagarajar School of Management Madurai South 8.8 2.2 4.9 4.2 8.7 5 5.2 14.7 2.4 56.1 87 Symbiosis Institute of Management Studies Pune West 8.8 2.2 4.8 4.1 8.5 4.8 5.1 14.9 2.5 55.7 88 Ballari Institute of Technology and Management Ballari, Karnataka South 8.6 2.2 4.7 4 8.6 4.7 5.1 14.8 2.4 55.1 89 Institute of Management & Information Science Bhubaneswar South 8.8 2.1 4.6 4 8.4 4.8 5.1 14.7 2.3 54.8 90 Accurate Institute of Management and Technology Greater Noida North 8.6 2.1 4.3 3.7 8.2 4.5 5 14.7 2.3 53.4 91 Prestige Institute of Management Gwalior Central 8.7 2.1 4.1 3.7 8.2 4.5 5.3 14.4 2.3 53.3 92 Vels University Chennai South 8.5 2.1 4.2 3.8 8.1 4.4 5.1 14.6 2.4 53.2 93 Kirloskar Institute of Advanced Management Studies Pune West 8.5 2.1 4.3 3.9 8 4.3 5 14.4 2.1 52.6 TOP B-SCHOOLS PRIVATE Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS 94 Jaipuria Institute of Management Indore Central 8.4 2.2 4.5 3.7 8 4.2 4.8 14.2 2 52 95 Balaji Institute of International Business Pune West 8.3 2.3 4.4 3.7 8 4 4.6 14.1 1.9 51.3 96 Jaipuria Institute of Management Ghaziabad North 8.4 2.1 4.3 3.6 7.9 4 4.5 14 1.9 50.7 97 AIMS School of Business Bengaluru South 8.2 2.2 4.2 3.5 7.9 4.1 4.5 14 1.8 50.4 98 Presidency Business School Hebbal South 8.2 2.1 4.1 3.5 7.8 4.2 4.6 13.9 1.8 50.2 99 Pune Institute of Business Management Pune West 8.3 2.1 4.1 3.4 7.6 3.9 4.4 13.8 1.9 49.5 100 Faculty of Commerce and Management Studies, REVA University Bengaluru South 8.1 2.2 4.2 3.4 7.7 4.1 4.3 13.7 1.5 49.2 101 School of Business Studies, Sharda University Greater Noida North 8 2.1 4.1 3.6 7.8 3.7 4.1 13.9 1.6 48.9 102 Symbiosis Institute of Telecom Management Pune West 8 2 4 3.6 7.5 3.5 4 13.5 2 48.1 103 School of Management & Commerce, KR Mangalam University Gurugram North 8.2 1.9 3.9 3.2 7.5 3.4 4.4 13.3 1.7 47.5 104 International Institute of Management Studies Pune West 8.1 1.8 3.8 3.1 7.5 3.4 4.1 13.3 1.7 46.8 105 Institute of Management Studies, SAGE University Indore Central 8.1 1.8 3.8 3.1 7.5 3.4 4.1 13.3 1.6 46.7 106 Prestige Institute of Management and Research Indore Central 8 1.7 3.8 3 7.5 3.4 4.1 13.2 1.9 46.6 107 ITS Institute of Technology & Science Ghaziabad North 8 1.6 3.7 3.3 7.4 3.3 4.2 13.2 1.6 46.3 108 GL Bajaj Institute of Management and Research Greater Noida North 7.9 1.8 3.7 3.2 7.3 3.2 4.2 13.2 1.6 46.1 109 IMS Unison University Dehradun North 7.8 1.7 3.6 3.2 7.3 3.1 4 13.1 1.9 45.7 TOP B-SCHOOLS PRIVATE Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
RANKINGS 110 KIET Group of Institutions Ghaziabad North 7.9 1.7 3.7 3.1 7.6 3 4 13.1 1.5 45.6 111 Indian Education Society Management College and Research Centre Mumbai West 7.8 1.7 3.5 3.1 7.2 3 3.9 13.1 1.5 44.8 112 KCT Business School Coimbatore South 7.8 1.6 3.5 3 7.1 3.1 3.8 13 1.5 44.4 113 School of Management, Presidency University Bengaluru South 7.8 1.5 3.4 3 7 3.2 3.7 13 1.5 44.1 114 ITM Group of Institutions Bengaluru South 7.7 1.8 3.3 2.9 7 3.3 3.9 13 1.1 44 115 School of Business Management, Shoolini University Solan North 7.6 1.7 3.2 2.8 6.9 3.1 3.8 13 1.4 43.5 116 Department of Management Studies, PES University Bengaluru South 7.7 1.7 3.1 2.7 6.8 3 3.8 12.9 1.4 43.1 117 Indus Business Academy Greater Noida North 7.8 1.6 2.9 2.8 6.8 2.8 3.7 13 1.3 42.7 118 ATRIA Institute of Management Bengaluru South 7.6 1.7 3 2.8 6.7 2.8 3.7 12.8 1.3 42.4 119 Durgadevi Saraf Institute of Management Studies Mumbai West 7.7 1.6 2.8 2.7 6.7 2.8 3.6 12.9 1.3 42.1 120 Lala Lajpatrai Institute of Management Mumbai West 7.8 1.7 2.7 2.9 6.7 2.7 3.5 12.7 1.3 42 121 Lal Bahadur Shastri Institute of Management & Technology Bareilly North 7.6 1.8 2.7 2.6 6.6 2.7 3.6 12.7 1.4 41.7 122 Indian Institute of Management T College of Management Greater Noida North 7.6 1.5 2.8 2.6 6.5 2.6 3.5 12.7 1.3 41.1 123 Institute of Management Studies Noida North 7.5 1.7 2.5 2.7 6.4 2.8 3.3 12.9 1.2 41 124 ICBM - School of Business Excellence Hyderabad South 7.4 1.4 2.6 2.5 6.3 2.7 3.5 12.7 1.2 40.3 125 ASM Institute of Business Management & Research Pune West 7.3 1.4 2.7 2.4 6.3 2.6 3.4 12.6 1.2 39.9 TOP B-SCHOOLS PRIVATE Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
208 | B W BUSINESSWORLD | 16 December 2023 RANKINGS 126 Maharishi Markandeshwar University Institute of Management Ambala North 7.2 1.6 2.6 2.5 6.2 2.5 3.4 12.5 1.2 39.7 127 Indian Institute of Health Management Research Jaipur North 7.1 1.5 2.5 2.4 6.3 2.5 3.3 12.4 1.1 39.1 128 HK Institute of Management Studies and Research Mumbai West 7 1.6 2.5 2.5 6.1 2.6 3.3 12.4 1 39 129 IIKM Business School Chennai South 7 1.6 2.4 2.4 6 2.5 3.2 12.3 1 38.4 130 St Joseph's Institute of Management Tiruchirappalli South 6.8 1.5 2.4 2.3 6 2.5 3.4 12.3 1 38.2 131 Sona School of Management Salem South 6.9 1.6 2.3 2.3 6 2.4 3.2 12.3 1 38 132 Vel Tech High Tech Dr Rangarajan Dr Sakunthala Engineering College Chennai South 6.7 1.5 2.4 2.2 5.9 2.5 3.3 12.3 1 37.8 133 Adarsh Institute of Management And Information Technology Bengaluru South 6.7 1.5 2.4 2.4 5.8 2.3 3.2 12.1 1 37.4 134 Atharva Institute of Management Studies Mumbai West 6.6 1.5 2.4 2.3 5.7 2.4 3.1 12.1 1 37.1 135 Master School of Management Meerut North 6.5 1.5 2.3 2.2 5.7 2.4 3.1 12 1 36.7 136 VPM's Dr V N Bedekar Institute of Management Studies Thane West 6.5 1.5 2.3 2.1 5.7 2.4 3 12 1 36.5 137 Global Business School Hubli South 6.4 1.5 2.2 2.1 5.6 2.3 2.9 11.9 1 35.9 138 JECRC Business School Jaipur North 6.4 1.5 2.2 2 5.5 2.3 2.9 11.9 1 35.7 139 KV Institute of Management and Information Studies Coimbatore South 6.3 1.4 2.1 2.3 5.6 2.1 2.7 11.8 1 35.3 140 GRG School of Management Studies Coimbatore South 6.2 1.4 2 2.1 5.3 2.1 2.6 12 1 34.7 141 Prestige Institute of Management Dewas Central 6.2 1.2 2.3 2 5.2 2.3 2.6 11.8 1 34.6 142 Jagan Nath University Jaipur North 6.1 1.3 2.2 1.9 5.1 2.2 2.5 11.6 1 33.9 143 Amity University Jaipur North 6.1 1.4 2.1 1.8 5 2 2.5 11.5 1 33.4 144 Mangalmay Institute of Management & Technology Greater Noida North 6 1.3 2 1.9 5 2 2.5 11.6 1 33.3 TOP B-SCHOOLS PRIVATE Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
16 December 2023 | B W BUSINESSWORLD | 209 Awarm and delightful welcome to all aspiring MBA students to the esteemed Ballari Institute of Technology and Management (BITM). Our institution is firmly guided by a compelling vision, mission, and core values that are designed to equip students for success in a dynamic world. Originating from the educational vision of late Smt. Basavarajeswari (Former Union Minister: 08.10.1929 to 19.02.2008), BITM, an autonomous institution under VTU, was established with a commitment to providing top-notch education. Our focus lies in delivering high-quality education in both Management and Engineering disciplines, instilled with a strong academic ethos. Recognised with an ‘A+’ grade and NBA accreditation for all eligible engineering and management programmes, the BITM campus is a hub for teaching, research, and development, aligning with the principles of the National Education Policy (NEP). Currently offering Bachelor’s, Master’s, and Doctoral programmes in management and engineering, we cater to approximately 4000 students. The MBA Department, founded in 2007, has dedicated itself to fostering a vibrant knowledge-centric environment. Our aim is to empower students with a blend of professional expertise and personal growth, ultimately cultivating excellence. The department boasts cutting-edge amenities including technologically advanced ICT-enabled classrooms, an extensive repository of resources like the Capital line database, valuable English software, SPSS, and a wealth of knowledge stored within the reference libraries. Notably, our department holds the distinction of being an approved research centre by VTU. The MBA programme presents a comprehensive selection of both core and dual specialisations. Among the specialisations available are Data Analytics, Logistics and Supply Chain Management, Marketing, Finance, and Human Resource Management. Enriching the academic experience, our department offers distinct management clubs. These with esteemed institutions. Noteworthy among these are certifications from IIMB and IIT Guwahati, both recognised for their excellence. Additionally, we offer Power BI certification from Microsoft, and Infosys Springboard certifications, all designed to empower our students with valuable skills and credentials. These initiatives underscore our dedication to providing holistic educational experiences that bridge the gap between academia and industry demands. Our department boasts a robust placement team dedicated to providing rigorous training to our MBA students, ensuring their readiness for the professional world. The spectrum of offered salaries spans from 4.5 Lakhs to an impressive 15 Lakhs per annum. Our campus has attracted a multitude of prominent companies, reaffirming our commitment to securing valuable opportunities for our students. Distinguished names such as Zscaler, KPMG, Oracle India, Axis Bank, Intellipaat, Genpact, NJ Group, JSW, Mahindra Logistics, Bandhan Bank, and numerous others have graced our campus with their presence, affirming our reputation as a hub for top-tier placements. include Manav – HR Lab, Maverick – Marketing Lab, Finwhiz – Finance Lab, Knowledge Café – a hub for knowledge sharing, We Care – our CSR initiative, and Big Ants – our movie club. These clubs play a pivotal role in fostering engagement with corporate leaders, hosting guest speakers, and actively participating in management fests. At our core, we prioritise the reskilling and up-skilling of our students, guiding them toward enhanced placement opportunities. To fulfil this commitment, we have implemented a range of certification programmes in collaboration key out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd Ballari Institute of Technology and Management: Nurturing Excellence Dr Janet Jyothi Dsouza, the Professor and Head, Department of management studies, Ballari Institute of Technology and Management, Ballari , Karnataka welcomes the students to the institute
210 | B W BUSINESSWORLD | 16 December 2023 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return of Investment (RoI) 100 15 5 10 10 15 10 10 20 5 RANKINGS TOP B-SCHOOLS PRIVATE 145 Amity University Gwalior Central 6 1.3 1.9 1.8 4.9 2 2.4 11.4 1 32.7 146 MP Birla Institute of Management Bengaluru South 6.1 1.3 1.8 1.8 4.8 2 2.3 11.3 1 32.4 147 SV Institute of Management Kadi (Guj) West 5.9 1.2 1.8 1.6 4.7 1.8 2 11.2 1 31.2 148 SCMS School of Technology & Management Kottayam South 5.8 1.4 1.7 1.7 4.6 1.6 2 11.3 1 31.1 149 Jagran Lakecity Business School Bhopal Central 5.7 1.3 1.6 1.6 4.6 1.7 2 11.4 1 30.9 150 Royal School of Business, Royal Global University Guwahati East 5.7 1.3 1.6 1.5 4.4 1.6 2.3 11.3 1 30.7 151 School of Management, SRM University Sonipat North 5.6 1.3 1.5 1.5 4.3 1.7 2.2 11.1 1 30.2 152 Bharatesh Education Trust's Global Business School Belgaum South 5.5 1 1.5 1.3 4 1.8 2.2 10 1 28.3 153 VESIM Institute of Management Studies Mumbai West 5.5 1.3 1.5 1.4 4 1.7 2.2 8.2 1 26.8 154 Lotus Business School Pune West 5.4 1.3 1.5 1.4 3.9 1.7 2.2 8.2 1 26.6 155 DJ Academy of Managerial Excellence Coimbatore South 5.4 1.3 1.5 1.4 3.9 1.7 2.2 8.1 1 26.5 156 Jaipuria School of Business Ghaziabad North 5.4 1.3 1.5 1.4 3.9 1.7 2.2 8 1 26.4 157 School of Management, CMR University Bengaluru South 5.4 1.3 1.5 1.4 3.9 1.7 2.2 7.9 1 26.3 158 Rajalakshmi Engineering College Chennai South 5.4 1.3 1.5 1.4 3.9 1.7 2.2 7.8 1 26.2 159 Pranveer Singh Institute of Technology Kanpur North 5.4 1.3 1.5 1.4 3.9 1.7 2.1 7.8 1 26.1 160 Regional College of Management Bhubaneswar East 5.4 1.3 1.5 1.4 3.9 1.7 2.1 7.7 1 26 161 International School of Management Patna East 5.4 1.3 1.5 1.4 3.9 1.7 2 7.7 1 25.9 162 Alia institute of Management Bhopal Central 5.4 1.3 1.5 1.4 3.9 1.7 2 7.6 1 25.8 163 Sagar Institute of Research & Technology Bhopal Central 4.8 1.3 1.5 1.4 3.9 1.7 1.9 7.9 1 25.4 164 Sri Ram Murti Smarak College of Engineering & Technology, Faculty of Management Sciences Bareilly North 4.8 1.3 1.5 1.4 3.9 1.7 1.8 7.6 1 25 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
16 December 2023 | B W BUSINESSWORLD | 211 I n today’s rapidly evolving world, the field of management education finds itself at a crossroads. The traditional patterns of teaching and learning are no longer sufficient to equip students with the skills and knowledge they need to thrive in the dynamic business landscape. As a marketing faculty at SDMIMD in Mysore, India, I firmly believe that it is imperative to change the pattern of management education at various levels to prepare our students for the challenges and opportunities that lie ahead. First and foremost, the business world is becoming increasingly globalised and interconnected. As such, management education must incorporate a more international perspective. Students need to understand the nuances of operating in diverse cultural contexts and the intricacies of global markets. This can be achieved through collaborative international programmes, cross-cultural exchanges, and formed the business landscape. Management education must adapt by incorporating courses on emerging technologies, data analytics, and digital marketing. Graduates need to be tech-savvy and capable of leveraging digital tools for strategic decision-making. In conclusion, the need for changing the pattern of management education is undeniable. To prepare students for the future, we must embrace international perspectives, provide experiential learning, and integrate technology into the curriculum. By doing so, we can ensure that our graduates are not just well-versed in business theory but are also equipped to thrive in the ever-changing world of business. It is our responsibility as educators to mould the next generation of agile and forward-thinking business leaders. a curriculum that reflects the global nature of business. Furthermore, the traditional classroom setting should be complemented by experiential learning opportunities. Practical experience is invaluable for students to apply theoretical knowledge to real-world situations. Internships, case studies, and industry collaborations should be integral components of management education. Moreover, the digital revolution has transkey out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd SDMIMD: Changing the Pattern of Management Education for the Future Students need to understand the nuances of operating in diverse cultural contexts and the intricacies of global markets. This can be achieved through collaborative international programmes, cross-cultural exchanges, and a curriculum that reflects the global nature of business, writes Dr S Saibaba, Chairperson Admissions and Assistant Professor – Marketing, SDMIMD
212 | B W BUSINESSWORLD | 16 December 2023 RANKINGS TOP B-SCHOOLS REGION WISE PRIVATE - NORTH 1 Institute of Management Technology (IMT) Ghaziabad North 14.4 4.7 9.4 9.7 14.2 9.5 9.4 19 4.7 95 2 International Management Institute (IMI) New Delhi North 14.2 4.8 9.4 9.4 14 9.4 9.4 18.7 4.7 94 3 FORE School of Management New Delhi North 13.7 3.8 8.1 8.5 13.1 8.3 8.6 18 4.6 86.7 4 Birla Institute of Management Technology Greater Noida North 13.7 3.8 8.1 8.5 12.9 8.3 8.6 17.9 4.6 86.4 5 Lal Bahadur Shastri Institute of Management New Delhi North 13.5 3.7 8.1 8.4 12.8 8.2 8.5 17.8 4.5 85.5 6 Amity Business School Noida North 13.5 3.6 8.1 8.4 12.8 8.1 8.5 17.7 4.5 85.2 7 FOSTIIMA Business School New Delhi North 13.5 3.6 7.9 8.3 12.7 8 8.6 17.6 4.5 84.7 8 Birla Institute of Technology & Science (BITS ) Pilani North 13.2 3.4 7.8 8.1 12.7 7.8 8.2 17.4 4.4 83 9 Great Lakes Institute of Management Gurugram North 12.8 3.2 7.5 8.1 12.3 7.7 8.2 17.1 4.1 81 10 Chitkara University Chandigarh North 12.7 3.1 7.3 8.2 12.2 7.6 8.2 17.2 4.1 80.6 11 Jaipuria Institute of Management Lucknow North 12.6 3.2 7.2 7.8 12.1 7.3 7.9 17.1 4.1 79.3 12 Jindal Global Business School Sonipat North 12.3 3.2 7.1 7.8 12.1 7.3 7.8 17 4.1 78.7 13 Jagannath International Management School Kalkaji, New Delhi North 12 3.2 7.1 7.8 12.1 7.3 7.8 17 4.1 78.4 14 Jaipuria Institute of Management Noida North 12 3.1 7 7.8 12.1 7.3 7.8 17 4.1 78.2 15 Institute of Management Studies Ghaziabad North 11.9 3.2 6.9 7.5 11.6 6.9 7.4 16.6 3.9 75.9 16 Galgotias University Greater Noida North 11.8 3.1 6.9 7.4 11.3 7.3 7.4 16.5 3.8 75.5 17 Amity Business School Gurugram North 11.7 3.1 6.8 7.1 11.2 6.8 7.3 16.4 3.9 74.3 18 Jagan Institute of Management Studies, Rohini New Delhi North 11.7 3.1 6.7 7 11.3 6.8 7.1 16.5 3.7 73.9 19 Chandigarh Business School Chandigarh North 11.4 3.1 6.5 6.5 10.9 6.6 6.7 16.2 4 71.9 20 Doon Business School Dehradun North 10.6 2.7 6.1 5.5 9.7 6.1 6.2 15.8 3 65.7 21 School Of Leadership & Management (MBA), Manav Rachna International Institute of Research and Studies Faridabad North 10.5 2.8 6 5.6 9.6 6 6.2 15.3 2.9 64.9 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
16 December 2023 | B W BUSINESSWORLD | 213 I n the intricate tapestry of the global socioeconomic-environmental landscape, business education stands out as a guiding light creating paths for the future leaders. With ever-evolving realms of social dynamics, commerce, law, technology, and industry, adaptability is more than just a skill—it’s now a bare minimum necessity. As Charles Darwin rightly pointed out, “It is not the strongest of the species that survives, nor the most intelligent; it is the one most adaptable to change.” Nowhere does this resonate more deeply than in the hallowed corridors of Business Schools. Pivoting B-Schools for Tomorrow’s World B-Schools shoulder the responsibility of sculpting our youth to become leaders who are ever ready to sail the unpredictable waters of global business. Recognising the challenges and integrating them academically requires a high-level integrative, tandem with these tectonic technological shifts. Strategies such as industry collaborations, focused technological courses, global certifications, and constant faculty upskilling can make graduates not just observers but pioneers in this realm. Championing Public Policy and Advocacy The intertwined relationship between businesses and public policy has never been more evident. Decisions made in parliamentary halls and legislative assemblies can shape the fortunes of industries. This underscores the need for business leaders to actively engage in the policy-making process. Advocacy, in this context, doesn’t merely mean protecting business interests. It is about ensuring that businesses are part of the dialogue that shapes societal, economic and environmental mandates. B-Schools must, therefore, play a very proactive role in this arena. inter-dependent and cohesive approach. Engaging in dialogues with educators, industry stalwarts, policy framers, and the youth, we distilled the essence into what we call: The New GPS. Here, ‘New’ encapsulates New and Emerging Technologies. ‘G’ represents Geopolitics, Global Governance, and the essence of glocalisation. ‘P’ champions Public Policy and Advocacy; and ‘S’ embodies Sustainability, taking inspiration from the United Nations’ Sustainable Development Goals (SDGs). Embracing New and Emerging Technologies The dawn of the Fourth Industrial Revolution, popularly known as Industry 4.0, heralds a new age. Buzzwords of yesterday, like artificial intelligence, blockchain, IoT, and quantum computing, are today’s business mainstays. As per the McKinsey Global Institute, such technologies could inject a staggering US$ 13 trillion into the global economy by 2030. The onus now falls on B-Schools to ensure that their teachings and practices are in key out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd The New GPS For Business Schools: Charting The Future With Four Pillars B-Schools shoulder the responsibility of sculpting our youth to become leaders who are ever ready to sail the unpredictable waters of global business. Recognising the challenges and integrating them academically requires a high-level integrative, inter-dependent and cohesive approach, writes Prof P Srinivas Subbarao, Director, VJIM Hyderabad. He is also the Founder Member of Global B-Schools Initiative to meet the Future Challenges, a new thought leadership initiative to be launched towards the end of 2023
214 | B W BUSINESSWORLD | 16 December 2023 RANKINGS TOP B-SCHOOLS REGION WISE PRIVATE - NORTH 22 IILM Institute of Business Management, School of Management, IILM University Gurugram North 10 2.6 5.8 5.2 9.5 5.8 5.8 15.2 2.9 62.8 23 GNIOT Institute of Management Studies Greater Noida North 9.8 2.5 5.6 4.9 9.4 5.6 5.6 15.3 2.6 61.3 24 Lovely Professional University Phagwara North 9.7 2.5 5.6 4.8 9.2 5.7 5.6 15.2 2.5 60.8 25 IILM Graduate School of Management Greater Noida North 9.5 2.4 5.4 4.7 9.1 5.4 5.4 15 2.5 59.4 26 Manav Rachna University Faridabad North 9.3 2.4 5.2 4.6 9 5.2 5.4 14.9 2.6 58.6 27 Accurate Institute of Management and Technology Greater Noida North 8.6 2.1 4.3 3.7 8.2 4.5 5 14.7 2.3 53.4 28 Jaipuria Institute of Management Ghaziabad North 8.4 2.1 4.3 3.6 7.9 4 4.5 14 1.9 50.7 29 School of Business Studies, Sharda University Greater Noida North 8 2.1 4.1 3.6 7.8 3.7 4.1 13.9 1.6 48.9 30 School of Management & Commerce, KR Mangalam University Gurugram North 8.2 1.9 3.9 3.2 7.5 3.4 4.4 13.3 1.7 47.5 31 ITS Institute of Technology & Science Ghaziabad North 8 1.6 3.7 3.3 7.4 3.3 4.2 13.2 1.6 46.3 32 GL Bajaj Institute of Management and Research Greater Noida North 7.9 1.8 3.7 3.2 7.3 3.2 4.2 13.2 1.6 46.1 33 IMS Unison University Dehradun North 7.8 1.7 3.6 3.2 7.3 3.1 4 13.1 1.9 45.7 34 KIET Group of Institutions Ghaziabad North 7.9 1.7 3.7 3.1 7.6 3 4 13.1 1.5 45.6 35 School of Business Management, Shoolini University Solan North 7.6 1.7 3.2 2.8 6.9 3.1 3.8 13 1.4 43.5 36 Indus Business Academy Greater Noida North 7.8 1.6 2.9 2.8 6.8 2.8 3.7 13 1.3 42.7 37 Lal Bahadur Shastri Institute of Management & Technology Bareilly North 7.6 1.8 2.7 2.6 6.6 2.7 3.6 12.7 1.4 41.7 38 Indian Institute of Management T College of Management Greater Noida North 7.6 1.5 2.8 2.6 6.5 2.6 3.5 12.7 1.3 41.1 39 Institute of Management Studies Noida North 7.5 1.7 2.5 2.7 6.4 2.8 3.3 12.9 1.2 41 40 Maharishi Markandeshwar University Institute of Management Ambala North 7.2 1.6 2.6 2.5 6.2 2.5 3.4 12.5 1.2 39.7 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
16 December 2023 | B W BUSINESSWORLD | 215 S ambhram School of Management is a part of Sambhram Group of Institutions established in the year 1999, offering courses in Engineering, Management, IT, Hotel Management and Nursing in Bangalore and KGF campuses in Karnataka. The Institutions have collaborations with International Universities and Research Organisations, Industries and Corporations. Core faculties are drawn from Academia and Industry having a track record in Teaching, Research and Consultancy. Technologically advanced campus with WiFi, hostels in campus and state-of-the-art infrastructure. Continuous assessment to raise the confidence level and competency of students is the highlight of the institutions. Going beyond the curriculum to hone the skills of the students through Industry interactions and specialised workshops. Students get 100 per cent placements in top companies every year. Sambhram Academy of Management Studies (SAMS) is an educational initiative of the Sambhram The School has academic collaboration with Accounting Research Institute, Malaysia; De Montfort University, United Kingdom and Wroclaw University of Science and Technology, Poland. Taking its birth in response to the rising demands for professionally trained engineers, managers and technologists and health professionals, Sambhram Institutions have developed fast and feature a superlative infrastructure and a fine overall ambience for professional learning and personality development today. Dr Nagaraj V, Chairman of SAMS, says, “I welcome prospective students with world-winning ambitions to benefit from these exclusive strengths of the institutions and I am positive that our education will enable them to thrive as competent professionals and successful entrepreneurs anywhere in the world. I am also sure that their career on our campuses will turn out to be one of the most treasured experiences of their lives. Wishing the Incoming Sambhramites all Success.” Group. SAMS is located in the silicon city, Bangalore, a technology hub and home to many leading national and multinational corporations. The college is situated within the sprawling Sambhram campus. Set in an idyllic atmosphere rich in greenery, the campus is ideal for academic, research, cultural and sports activities. Sambhram School of Management is accredited by NAAC. Sambhram School of Management, the Post Graduate Management wing of Sambhram Academy of Management Studies runs MBA, MCA, M.Com, BCA, BBA, BBA (Aviation), B.Com Programmes of Bangalore City University since 1999 and NAAC Accredited, the Sambhram School of Management has been rated as one of the best B-Schools in South India by various B-School Ranking Institutions. Also, it is accredited by the Global Accreditation Organisation IAO. The MBA Programme is the most sought-after making it highly preferential by the potential employers and it is the best offering from School of Management to the aspiring youth to step into the discerning Management Academics that is in tune with the changing world. key out he gn, y to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd SAMS: An Institute for Management Excellence Sambhram Academy of Management Studies (SAMS) is an educational initiative of the Sambhram Group. SAMS is located in the silicon city, Bangalore, a technology hub and home to many leading national and multinational corporations
216 | B W BUSINESSWORLD | 16 December 2023 RANKINGS 41 Indian Institute of Health Management Research Jaipur North 7.1 1.5 2.5 2.4 6.3 2.5 3.3 12.4 1.1 39.1 42 Master School of Management Meerut North 6.5 1.5 2.3 2.2 5.7 2.4 3.1 12 1 36.7 43 JECRC Business School Jaipur North 6.4 1.5 2.2 2 5.5 2.3 2.9 11.9 1 35.7 44 Jagan Nath University Jaipur North 6.1 1.3 2.2 1.9 5.1 2.2 2.5 11.6 1 33.9 45 Amity University Jaipur North 6.1 1.4 2.1 1.8 5 2 2.5 11.5 1 33.4 46 Mangalmay Institute of Management & Technology Greater Noida North 6 1.3 2 1.9 5 2 2.5 11.6 1 33.3 47 School of Management, SRM University Sonipat North 5.6 1.3 1.5 1.5 4.3 1.7 2.2 11.1 1 30.2 48 Jaipuria School of Business Ghaziabad North 5.4 1.3 1.5 1.4 3.9 1.7 2.2 8 1 26.4 49 Pranveer Singh Institute of Technology Kanpur North 5.4 1.3 1.5 1.4 3.9 1.7 2.1 7.8 1 26.1 50 Sri Ram Murti Smarak College of Engineering & Technology, Faculty of Management Sciences Bareilly North 4.8 1.3 1.5 1.4 3.9 1.7 1.8 7.6 1 25 TOP B-SCHOOLS REGION WISE PRIVATE - NORTH TOP B-SCHOOLS REGION WISE PRIVATE - SOUTH 1 TA Pai Management Institute (TAPMI) Manipal South 14.2 4.6 9.3 9.3 13.8 9.3 9.2 18.5 4.6 92.8 2 The ICFAI Business School Hyderabad South 14 4.5 9.1 9.2 13.5 9.3 9.1 18.4 4.5 91.6 3 Great Lakes Institute of Management Chennai South 13.9 4.2 8.9 8.7 13.4 8.5 8.7 18.4 4.5 89.2 4 School of Business, Woxsen University Hyderabad South 13.6 3.8 8.8 8.6 13 8.2 8.7 18 4.5 87.2 5 Jagdish Sheth School of Management Bengaluru South 13.7 3.8 8.1 8.5 12.9 8.3 8.6 17.9 4.6 86.4 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
16 December 2023 | B W BUSINESSWORLD | 217 I n the dynamic landscape of B-Schools, Mumbai Educational Trust (MET) stands as a beacon of excellence, offering a transformative learning experience to aspiring business leaders. Established with a commitment to fostering holistic development, MET Mumbai has carved a niche for itself in the education sector. Founded in 1989 by the visionary Founder Chairman Chhagan Bhujbal, MET Mumbai has evolved into a comprehensive educational institution, with a mission to provide quality education that meets global standards. Courses@MET, Mumbai MET Mumbai offers a diverse array of management courses, all designed to equip students with the skills and knowledge necessary for success in the corporate world. Students can pursue an AICTE-approved PGDM, autonomous campusbased PGP EMBA or Master in Management Studies (MMS) from Mumbai University. MET also offers a PGP in Business Analytics. MET, in collaboration with the CII London also offers a campus-based PGP EMBA-Insurance, tion from academia to the corporate world. MET Finance Lab MET offers advanced Finance Lab with Live NSE Terminals to provide students hands-on experience in real-time trading, portfolio research, security analysis and decisionmaking. This immersive learning environment, equipped with hi-tech technology, prepares aspiring finance professionals for the challenges of the global financial landscape. Affiliations The commitment to academic excellence is further underscored by its affiliations with prestigious universities and institutions worldwide, such as Varna University of Management, Seneca, PACE University, BHMS, and many more. Aspiring managers looking to chart a successful career path would be wise to consider the transformative journey that MET Mumbai offers. To know more, call +91 7208006689/ 91/ 94/ 95 or visit www.met.edu. a specialised MBA that allows students to work in 150 countries. In order to equip students, MET also offers a PGP in Mass Communication and Media Management with specialisations in Advertising & PR, Entertainment, Digital Marketing & Journalism. MET ensures that students receive a well-rounded education that prepares them for the challenges of the professional realm. Students can apply with a valid CMAT, XAT, CAT, ATMA, GMAT, MAT, MH-CET score. The MET Edge What sets MET apart is its focus on experiential learning and industryoriented curriculum. The courses incorporate real-world case studies, workshops, and seminars to provide students with practical insights. The institute’s emphasis on innovation and entrepreneurship empowers students to think critically and creatively, fostering a spirit of leadership that goes beyond textbook knowledge. At MET Incubation Centre, it gives wings to a student’s entrepreneurial ideas. Placement & Internship MET Mumbai has an impressive track record of placements, with students securing coveted positions in 500+ leading MNCs like Bluestar, Schneider, Morgan Stanley, Tata, Reliance, Adani, L&T etc. The institute’s strong industry connections and proactive placement cell facilitate internships and job opportunities for students, ensuring a smooth transikey out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd MET Mumbai: Nurturing Business Leaders Founded in 1989 by the visionary Founder Chairman Chhagan Bhujbal, MET Mumbai has evolved into a comprehensive educational institution with a mission to provide quality education that meets global standards Mr. Chhagan Bhujbal, Hon. Founder Chairman - MET
218 | B W BUSINESSWORLD | 16 December 2023 RANKINGS 6 Loyola Institute of Business Administration Chennai South 13.6 3.7 8 8.5 12.9 8.1 8.7 17.9 4.6 86 7 Institute for Financial Management and Research Chittoor South 13.4 3.4 7.8 8.2 12.6 7.9 8.5 17.8 4.4 84 8 Amrita Vishwa Vidyapeetham University Coimbatore South 13.3 3.4 7.9 8.2 12.6 7.9 8.5 17.6 4.4 83.8 9 Institute of Management Technology Hyderabad South 13.2 3.5 7.8 8.2 12.7 7.8 8.5 17.5 4.3 83.5 10 Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD) Mysore South 13.2 3.4 7.8 8.3 12.6 7.6 8.3 17.4 4.2 82.8 11 Rajagiri Centre for Business Studies Kochi South 13 3.3 7.6 8.2 12.4 7.5 8.1 17.2 4.3 81.6 12 PSG Institute of Management, PSG College of Technology Coimbatore South 12.9 3.2 7.5 8.2 12.3 7.5 8.1 17.2 4.3 81.2 13 Birla Institute of Technology & Science (BITS) Hyderabad South 12.8 3.2 7.5 8.1 12.3 7.7 8.2 17.1 4.1 81 14 Institute of Public Enterprise Hyderabad South 12.8 3.2 7.4 8.2 12.2 7.6 8.2 17.2 4.1 80.9 15 SCMS Cochin School of Business Cochin South 12.7 3.2 7.3 7.9 12.2 7.4 7.8 17 4.1 79.6 16 Dayananda Sagar University Bengaluru South 12 3.1 7 7.8 12.1 7.3 7.8 17 4.1 78.2 17 Indus Business Academy Bengaluru South 12 3.1 6.9 7.8 12.1 7.3 7.7 17 4.1 78 18 Acharya Bangalore B School Bengaluru South 12 3.1 6.9 7.7 12 7.2 7.7 17 4.1 77.7 19 Xavier Institute of Management and Entrepreneurship Bengaluru South 11.4 3 6.5 6.3 11.1 6.7 6.6 16.1 3.8 71.5 20 ISSM Business School Chennai South 11.1 2.9 6.4 6.3 10.4 6.5 6.7 15.9 3.4 69.6 21 GITAM School of Business Visakhapatnam South 10.9 2.8 6.3 6.1 10.2 6.3 6.5 15.7 3.2 68 22 Siva Sivani Institute of Management Secunderabad South 10.8 2.9 6.2 6 10.2 6.4 6.3 15.9 3.2 67.9 23 MS Ramaiah Institute of Management Bengaluru South 10.8 2.8 6.2 5.9 10.1 6.4 6.4 15.8 3.2 67.6 24 VIT Business School Vellore South 10.6 2.7 6.2 5.7 9.8 6.1 6.2 15.6 3 65.9 TOP B-SCHOOLS REGION WISE PRIVATE - SOUTH Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
16 December 2023 | B W BUSINESSWORLD | 219 Afew acronyms, such as VUCA (volatility, uncertainty, complexity, and ambiguity) and BANI (brittle, anxious, non-linear, and incomprehensible), provide a clear explanation of the challenges faced by businesses today. Technology is a rapidly evolving industry that has increased challenges and opportunities for B-Schools. The modern technology adoption in the near future. As research into blockchain, artificial intelligence, and other cutting-edge technology continues, the subject of education may see even more significant upheaval. With the adoption of the National Education Policy (NEP) of 2020, a major change to the nation’s educational system, a new era for B-Schools across India has begun. The objective of NEP 2020 is to revitalise and transform the educational landscape. These changes have a big impact on the structure, content, and culture of B-Schools. NEP 2020 promotes a multidisciplinary approach to education in an effort to break down academic subject silos. Given the emphasis on holistic learning, B-Schools are urged to incorporate liberal arts, humanities, and sciences into their management curricula in order to develop graduates with a well-rounded skill set and a deeper understanding of the socio-economic environment. In order to provide students with practical knowledge & skills, B-Schools are integrating industry collaborations, internships, & hands-on learning opportunities into their curricula. This focus on experiential learning aligns with business aspirations for graduates who can use their academic knowledge in practical settings, resulting in a workforce that is better equipped and more flexible. fluctuations. Preparedness and knowledge to manage them have become pivotal to navigating through difficult times. B-Schools in India are becoming more aware of the revolutionary potential of technology in the ever-changing educational landscape. It is now essential to incorporate technology into the academic ecosystem in order to satisfy the expectations of the use of these immersive technologies, students can experience realworld situations through virtual simulations. This not only improves the educational process but also gets pupils ready for the difficulties of the contemporary commercial world. There are exciting prospects for B-Schools in key out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd B-Education In India: Contemporary Scenario & Futuristic Solutions Dr. Arya Patnaik is presently heading the Rourkela Institute of Management Studies, Rourkela as Secretary of the Institute. He is Director of several companies and ex-member of Policy Planning Board, Odisha (Department of Skill Development and Technical Education) business environment has given B-schools a lot of chances. B-Schools have a big responsibility to get students ready for the ever-changing corporate environment. Being ready and knowing how to handle them has become essential to getting through challenging situations. It is crucial for B-Schools to persistently adjust to the most recent trends and changes in the business sphere, ensuring that their curricula stay relevant and aligned with these changing business sector. One of the most important features of technology adoption in B-Schools is the widespread use of digital learning platforms. These platforms, which include learning management systems (LMS) and virtual classrooms, have fundamentally altered the manner that education is imparted. B-Schools employ these tools to spread cooperative learning across national borders, exchange materials, and broadcast lectures. The shift to digital learning has made learning environments more personalised and flexible, but it has also increased accessibility. B-Schools are increasingly relying on big data analytics and business intelligence to help them make data-driven decisions. By extracting relevant information, B-Schools may refine their curricula, identify areas for improvement, and boost overall strategic planning. By the
220 | B W BUSINESSWORLD | 16 December 2023 RANKINGS 25 Kirloskar Institute of Advanced Management Studies Harihar South 10.5 2.7 6 5.7 9.6 6.3 6.2 15.4 3 65.4 26 Vignana Jyothi Institute of Management Hyderabad South 10.5 2.7 6 5.6 9.8 6 6.1 15.3 3.1 65.1 27 Prin. LN Welingkar Institute of Management Development and Research Bengaluru South 10 2.6 5.8 5.1 9.4 5.8 5.8 15.2 2.8 62.5 28 RV Institute of Management Bengaluru South 9.8 2.5 5.6 5 9.4 5.7 5.7 15.1 2.6 61.4 29 Vivekananda Institute of Management Studies Coimbatore South 9.6 2.4 5.6 4.9 9.2 5.5 5.5 15.3 2.5 60.5 30 Hindustan Institute Of Technology & Science Chennai South 9.3 2.3 5.1 4.5 9.1 5.3 5.5 14.9 2.4 58.4 31 Sambhram Academy of Management Studies Bengaluru South 9.2 2.3 5.1 4.4 8.9 5.2 5.4 14.9 2.3 57.7 32 Kongu Engineering College Perundurai South 9.2 2.3 5 4.3 8.9 5.1 5.3 14.8 2.3 57.2 33 Administrative Management College Bengaluru South 8.9 2.2 4.9 4.2 8.7 5 5.2 14.7 2.4 56.2 34 Thiagarajar School of Management Madurai South 8.8 2.2 4.9 4.2 8.7 5 5.2 14.7 2.4 56.1 35 Ballari Institute of Technology and Management Ballari, Karnataka South 8.6 2.2 4.7 4 8.6 4.7 5.1 14.8 2.4 55.1 36 Institute of Management & Information Science Bhubaneswar South 8.8 2.1 4.6 4 8.4 4.8 5.1 14.7 2.3 54.8 37 Vels University Chennai South 8.5 2.1 4.2 3.8 8.1 4.4 5.1 14.6 2.4 53.2 38 AIMS School of Business Bengaluru South 8.2 2.2 4.2 3.5 7.9 4.1 4.5 14 1.8 50.4 39 Presidency Business School Hebbal South 8.2 2.1 4.1 3.5 7.8 4.2 4.6 13.9 1.8 50.2 40 Faculty of Commerce and Management Studies, REVA University Bengaluru South 8.1 2.2 4.2 3.4 7.7 4.1 4.3 13.7 1.5 49.2 41 KCT Business School Coimbatore South 7.8 1.6 3.5 3 7.1 3.1 3.8 13 1.5 44.4 42 School of Management, Presidency University Bengaluru South 7.8 1.5 3.4 3 7 3.2 3.7 13 1.5 44.1 TOP B-SCHOOLS REGION WISE PRIVATE - SOUTH Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
16 December 2023 | B W BUSINESSWORLD | 221 Driven by the rapid changes in the global economic scene, management education finds itself at a turning point in history. The training that gives leaders the skills to handle these complexities has to change along with the industry. Redefining skills, integrating technology, and being flexible are key factors that will drive the management education of the future. Embracing Technology Traditional management education is changing dramatically in response to the speed at which technology is developing. The talents required of future leaders have been re-evaluated in light of the development of artificial intelligence and machine learning. Digital literacy, flexibility, and cross-cultural competency are increasingly being recognised as the equitable chances for all. The thinking of current business schools should be shaped by a dynamic interplay of various factors that reflect the evolving nature of the business environment, educational trends, and societal expectations. Adaptability, technological integration, an interdisciplinary approach, ethical leadership, practical skill development, fostering entrepreneurship and innovation, industry collaboration and a dedication to developing leaders capable of meeting tomorrow’s challenges characterise the exciting frontiers of the future. A New Era A new era of management education that is not only relevant but also essential in a changing global environment should be ushered in by educational institutions. cornerstones of success outside of traditional domains. Leaders of future businesses will need to operate with ease in a technologically advanced VUCA environment. Experiential Learning A key component of management education at AMC is experiential learning. Students are being prepared to face issues in the real world by the transition from theory-heavy courses to practical, hands-on experiences. A growing number of our management programmes now include case studies, internships, and cooperative projects with business partners. By using such methods, graduates are guaranteed to possess both theoretical knowledge and the skills needed to use it in the fast-paced world of business. Prioritising Diversity, Equity, and Inclusion Businesses and its leaders must prioritise diversity, equity, and inclusion instead of just using buzzwords. Management education needs to reflect the diversity of the increasingly globalised business environment. The development of leaders who can successfully traverse and lead diverse teams depends heavily on inclusive classrooms and practices that support key out he gn, to ate ent ect ass ver a's y a big ore for out to ure d a as of nd ese ies in ent an nd Redefining Leadership in the Digital Age: The Evolution of Management Education at AMC Traditional management education is changing dramatically in response to the speed at which technology is developing. The talents required of future leaders have been re-evaluated in light of the development of artificial intelligence and machine learning, writes Rahul Kalluri, Executive Vice President, AMC Institutions Rahul Kalluri, Executive Vice President, AMC Institutions
222 | B W BUSINESSWORLD | 16 December 2023 RANKINGS TOP B-SCHOOLS REGION WISE PRIVATE - SOUTH 43 ITM Group of Institutions Bengaluru South 7.7 1.8 3.3 2.9 7 3.3 3.9 13 1.1 44 44 Department of Management Studies, PES University Bengaluru South 7.7 1.7 3.1 2.7 6.8 3 3.8 12.9 1.4 43.1 45 ATRIA Institute of Management Bengaluru South 7.6 1.7 3 2.8 6.7 2.8 3.7 12.8 1.3 42.4 46 ICBM - School of Business Excellence Hyderabad South 7.4 1.4 2.6 2.5 6.3 2.7 3.5 12.7 1.2 40.3 47 IIKM Business School Chennai South 7 1.6 2.4 2.4 6 2.5 3.2 12.3 1 38.4 48 St Joseph's Institute of Management Tiruchirappalli South 6.8 1.5 2.4 2.3 6 2.5 3.4 12.3 1 38.2 49 Sona School of Management Salem South 6.9 1.6 2.3 2.3 6 2.4 3.2 12.3 1 38 50 Vel Tech High Tech Dr Rangarajan Dr Sakunthala Engineering College Chennai South 6.7 1.5 2.4 2.2 5.9 2.5 3.3 12.3 1 37.8 51 Adarsh Institute of Management And Information Technology Bengaluru South 6.7 1.5 2.4 2.4 5.8 2.3 3.2 12.1 1 37.4 52 Global Business School Hubli South 6.4 1.5 2.2 2.1 5.6 2.3 2.9 11.9 1 35.9 53 KV Institute of Management and Information Studies Coimbatore South 6.3 1.4 2.1 2.3 5.6 2.1 2.7 11.8 1 35.3 54 GRG School of Management Studies Coimbatore South 6.2 1.4 2 2.1 5.3 2.1 2.6 12 1 34.7 55 MP Birla Institute of Management Bengaluru South 6.1 1.3 1.8 1.8 4.8 2 2.3 11.3 1 32.4 56 SCMS School of Technology & Management Kottayam South 5.8 1.4 1.7 1.7 4.6 1.6 2 11.3 1 31.1 57 Bharatesh Education Trust's Global Business School Belgaum South 5.5 1 1.5 1.3 4 1.8 2.2 10 1 28.3 58 DJ Academy of Managerial Excellence Coimbatore South 5.4 1.3 1.5 1.4 3.9 1.7 2.2 8.1 1 26.5 59 School of Management, CMR University Bengaluru South 5.4 1.3 1.5 1.4 3.9 1.7 2.2 7.9 1 26.3 60 Rajalakshmi Engineering College Chennai South 5.4 1.3 1.5 1.4 3.9 1.7 2.2 7.8 1 26.2 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5 16 December 2023 | B W BUSINESSWORLD | 223 TOP B-SCHOOLS CENTRAL TOP B-SCHOOLS EAST 1 Xavier School of Management Jamshedpur East 14.8 4.8 9.7 9.8 14.8 9.8 9.8 19.8 5 98.3 2 Xavier Institute of Management (XIM) Bhubaneswar East 14.3 4.7 9.6 9.5 14.1 9.5 9.5 18.8 4.7 94.7 3 International Management Institute Bhubaneswar Bhubaneswar East 11.3 2.9 6.7 6.5 10.6 6.4 6.6 15.8 3.5 70.3 4 International Management Institute Kolkata Kolkata East 11.2 2.9 6.4 6.4 10.5 6.5 6.5 16 3.4 69.8 5 KIIT School of Management Bhubaneswar East 11 2.8 6.3 6.3 10.3 6.5 6.8 15.8 3.3 69.1 6 Institute of Social Welfare and Business Management Kolkata East 10.3 2.9 5.8 5.6 9.7 5.6 5.6 15 2.9 63.4 7 Rourkela Institute of Management Studies Rourkela East 10 2.6 5.8 5.2 9.5 5.8 5.8 15.2 2.9 62.8 8 Royal School of Business, Royal Global University Guwahati East 5.7 1.3 1.6 1.5 4.4 1.6 2.3 11.3 1 30.7 9 Regional College of Management Bhubaneswar East 5.4 1.3 1.5 1.4 3.9 1.7 2.1 7.7 1 26 10 International School of Management Patna East 5.4 1.3 1.5 1.4 3.9 1.7 2 7.7 1 25.9 1 Prestige Institute of Management Gwalior Central 8.7 2.1 4.1 3.7 8.2 4.5 5.3 14.4 2.3 53.3 2 Jaipuria Institute of Management Indore Central 8.4 2.2 4.5 3.7 8 4.2 4.8 14.2 2 52 3 Institute of Management Studies, SAGE University Indore Central 8.1 1.8 3.8 3.1 7.5 3.4 4.1 13.3 1.6 46.7 4 Prestige Institute of Management and Research Indore Central 8 1.7 3.8 3 7.5 3.4 4.1 13.2 1.9 46.6 5 Prestige Institute of Management Dewas Central 6.2 1.2 2.3 2 5.2 2.3 2.6 11.8 1 34.6 6 Amity University Gwalior Central 6 1.3 1.9 1.8 4.9 2 2.4 11.4 1 32.7 7 Jagran Lakecity Business School Bhopal Central 5.7 1.3 1.6 1.6 4.6 1.7 2 11.4 1 30.9 8 Alia institute of Management Bhopal Central 5.4 1.3 1.5 1.4 3.9 1.7 2 7.6 1 25.8 9 Sagar Institute of Research & Technology Bhopal Central 4.8 1.3 1.5 1.4 3.9 1.7 1.9 7.9 1 25.4 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5 RANKINGS
Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5 RANKINGS 224 | B W BUSINESSWORLD | 16 December 2023 TOP B-SCHOOLS WEST 1 SP Jain Institute of Management & Research Mumbai West 14.6 4.8 9.6 9.6 14.7 9.7 9.8 19.5 4.8 97.1 2 SVKM's Narsee Monjee Institute of Management Studies (NMIMS) Mumbai West 14.3 4.8 9.5 9.5 14.3 9.5 9.5 19 4.8 95.2 3 Symbiosis Institute of Business Management Pune West 14.2 4.6 9.3 9.4 14 9.5 9.4 18.7 4.7 93.8 4 KJ Somaiya Institute of Management Studies & Research Mumbai West 14.1 4.5 9.2 9.3 13.7 9.2 9.3 18.5 4.6 92.4 5 Goa Institute of Management Goa West 13.8 4 8.9 8.8 13.3 8.4 8.6 18.2 4.5 88.5 6 Institute of Management, Nirma University Ahmedabad West 13.8 3.9 8.8 8.6 13.2 8.4 8.7 18.3 4.6 88.3 7 Prin LN Welingkar Institute of Management Development and Research Mumbai West 13.6 3.9 8.7 8.6 13.1 8.3 8.6 18.1 4.5 87.4 8 Institute of Management Technology Nagpur West 13.2 3.5 7.8 8.2 12.7 7.8 8.5 17.5 4.3 83.5 9 Balaji Institute of Modern Management Pune West 13.1 3.3 7.6 8.3 12.6 7.6 8.3 17.4 4.3 82.5 10 SIES College of Management Studies Navi Mumbai West 13 3.3 7.6 8.3 12.5 7.6 8.2 17.3 4.3 82.1 11 Lexicon Management Institute of Leadership & Excellence Pune West 12.7 3.2 7.3 8 12.2 7.5 7.9 17.1 4.1 80 12 Flame University Pune West 12.6 3.2 7.1 7.8 12.1 7.3 7.9 17.1 4.1 79.2 13 International School of Business & Media Pune West 11 2.8 6.3 6.2 10.2 6.4 6.7 15.8 3.4 68.8 14 Institute of Rural Management Anand West 11 2.8 6.3 6.3 10.1 6.3 6.6 15.7 3.3 68.4 15 Universal Business School Mumbai West 11 2.8 6.3 6.1 10.2 6.3 6.5 15.7 3.2 68.1 16 MIT World Peace University Pune West 10.7 2.8 6.1 5.8 10 6.2 6.5 15.8 3.2 67.1 17 Balaji Institute of Management and Human Resource Development Pune West 10.4 2.7 6 5.6 9.7 6 6 15.3 3.1 64.8 18 Sir Padampat Singhania University Udaipur West 9.9 2.6 5.7 5.2 9.5 5.8 5.7 15.1 2.7 62.2 19 Jaipuria Institute of Management Jaipur West 9.9 2.6 5.6 5.1 9.5 5.7 5.6 15.4 2.6 62 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5 RANKINGS 16 December 2023 | B W BUSINESSWORLD | 225 TOP B-SCHOOLS WEST 20 MET Business School Mumbai West 9.8 2.5 5.6 5 9.3 5.7 5.8 15.4 2.7 61.8 21 Institute of Management, JK Lakshmipat University Jaipur West 9.4 2.4 5.3 4.6 8.9 5.4 5.3 15 2.4 58.7 22 Ajeenkya DY Patil University, School of Management Pune West 9.2 2.3 5.1 4.4 8.8 5.2 5.4 14.9 2.3 57.6 23 AISSMS Institute of Management Pune West 9.2 2.3 5 4.3 8.8 5.1 5.2 14.7 2.4 57 24 Symbiosis Institute of Management Studies Pune West 8.8 2.2 4.8 4.1 8.5 4.8 5.1 14.9 2.5 55.7 25 Kirloskar Institute of Advanced Management Studies Pune West 8.5 2.1 4.3 3.9 8 4.3 5 14.4 2.1 52.6 26 Balaji Institute of International Business Pune West 8.3 2.3 4.4 3.7 8 4 4.6 14.1 1.9 51.3 27 Pune Institute of Business Management Pune West 8.3 2.1 4.1 3.4 7.6 3.9 4.4 13.8 1.9 49.5 28 Symbiosis Institute of Telecom Management Pune West 8 2 4 3.6 7.5 3.5 4 13.5 2 48.1 29 International Institute of Management Studies Pune West 8.1 1.8 3.8 3.1 7.5 3.4 4.1 13.3 1.7 46.8 30 Indian Education Society Management College and Research Centre Mumbai West 7.8 1.7 3.5 3.1 7.2 3 3.9 13.1 1.5 44.8 31 Durgadevi Saraf Institute of Management Studies Mumbai West 7.7 1.6 2.8 2.7 6.7 2.8 3.6 12.9 1.3 42.1 32 Lala Lajpatrai Institute of Management Mumbai West 7.8 1.7 2.7 2.9 6.7 2.7 3.5 12.7 1.3 42 33 ASM Institute of Business Management & Research Pune West 7.3 1.4 2.7 2.4 6.3 2.6 3.4 12.6 1.2 39.9 34 HK Institute of Management Studies and Research Mumbai West 7 1.6 2.5 2.5 6.1 2.6 3.3 12.4 1 39 35 Atharva Institute of Management Studies Mumbai West 6.6 1.5 2.4 2.3 5.7 2.4 3.1 12.1 1 37.1 36 VPM's Dr V N Bedekar Institute of Management Studies Thane West 6.5 1.5 2.3 2.1 5.7 2.4 3 12 1 36.5 37 SV Institute of Management Kadi (Gujarat) West 5.9 1.2 1.8 1.6 4.7 1.8 2 11.2 1 31.2 38 VESIM Institute of Management Studies Mumbai West 5.5 1.3 1.5 1.4 4 1.7 2.2 8.2 1 26.8 39 Lotus Business School Pune West 5.4 1.3 1.5 1.4 3.9 1.7 2.2 8.2 1 26.6 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
226 | B W BUSINESSWORLD | 16 December 2023 RANKINGS TOP B-SCHOOLS ONE-YEAR COURSES 1 Indian School of Business Hyderabad 15 5 10 9.8 15 10 10 20 5 99.8 2 Indian Institute of Management Ahmedabad Ahmedabad 14 5 9 9.5 14.5 10 9.9 19 5 95.9 3 Indian Institute of Management Bangalore Bengaluru 14 5 9 9 14 9 9.7 19 5 93.7 4 Indian Institute of Management Calcutta Kolkata 13 5 9 9 14 9 9 19 5 92 5 Xavier School of Management (XLRI) Jamshedpur 13 4 9 9 14 9 9 18 5 90 6 SP Jain Institute of Management and Research Mumbai 13 4 9 9 14 9 9 17 5 89 7 Indian Institute of Management Lucknow Lucknow 13 4 9 9 14 9 9 17 5 89 8 Management Development Institute Gurgaon Gurugram 14 4 8 8 14 8 9 17 4 86 9 Great Lakes Institute of Management Chennai 13 3 8 8 14 8 9 17 4 84 10 SVKM’s Narsee Monjee Institute of Management Studies (NMIMS) Mumbai 13 3 8 8 13.5 8 9 17 4 83.5 11 Institute of Management Technology Ghaziabad 12 3 8 8 13.5 9 8 17 4 82.5 12 Indian Institute of Management Udaipur Udaipur 12 3 8 8 13.5 8 8 17 4 81.5 13 TA Pai Management Institute Manipal 12 3 8 8 13.5 8 8 16 3 79.5 14 International Management Institute Delhi New Delhi 12 3 7 8 13.5 8 8 16 3 78.5 15 KJ Somaiya Institute of Management Studies and Research Mumbai 12 3 7 8 12.5 8 8 16 3 77.5 16 Prin. LN Welingkar Institute of Management Development Mumbai 12 3 7 8 12.5 8 8.4 15.5 3 77.4 17 Indian Institute of Management Shillong Shillong 12 3 7 8 12.5 8 8.4 15 3 76.9 18 Great Lakes Institute of Management Gurgaon 12 2.5 7 7.5 13 8 8.4 15 3 76.4 Rank 2023 Name City Zone Leadership (15) Knowledge Creation (25) Insititutional Capabilities (25) Transition from Knowledge Force to Work Force (30) Finance (5) TOTAL Leadership Excellence Gobal Interface Intellectual Capital Innovation & Incubation Faculty Infrastruc- ture Industry Linkages Placement Return on Investment (RoI) 100 15 5 10 10 15 10 10 20 5
16 December 2023 | B W BUSINESSWORLD | 227 HCAH: REDEFINING OUTOF-HOSPITAL HEALTHCARE the needs of the country by creating adequate bed capacity (India has 1.4 beds/1000 population and WHO standard is 3). We also handle cases without using super-specialist time which can be used to save lives in hospital. Through our TCCs, we can solve these problems as our costs would be 1/10th of the hospital and we can be present in multiple locations where the tertiary care hospitals may not want to operate. The TCC segment is expected to exceed USD 35 billion in the next five years, according to a Redseer Report, showcasing the growing recognition of out-ofhospital care’s value. Moreover by 2030, 25 per cent of India’s population is expected to be elderly. Elderly care is transforming due to a demographic shift, greater financial independence, and increased tech-savviness among the elderly. Today about 60 per cent of HCAH patients are the elderly to whom we provide various services digitally and in our TCCs. Outlook for growth We believe that there are significant growth opportunities for us which would be achieved through geographic expansion; enhanced service offerings as well as strategic partnerships. We have ~350 beds in 5 cities which we plan to take to ~2000 beds across 10 cities. We’ll increase our doctor outreach to raise awareness of our services, and simultaneously capture customers directly through digital channels to grow business. We believe that we should eradicate avoidable disabilities in the country and would put in all the efforts to do so. CAH’S REMARKABLE decade-long journey has redefined healthcare services outside traditional hospital settings. Beginning in DelhiNCR, HCAH has expanded its reach to more than 70 cities, cementing its position as India’s largest out-of-hospital care provider. We achieved a significant milestone by becoming India’s first accredited provider under the Quality Assurance Institute (QAI) for TCC and homecare standards. Over the years, HCAH executed four strategic acquisitions, including Nightangles, Senority, Suvitas, and Health Impetus. These acquisitions expanded the scope of our services, covering rehabilitation, transitional care, and geriatric care. So far we have treated 40 lakh+ customers, with NPS scores of over 65 per cent+ for the last 10 years. HCAH’s services in the Centre and some at home are covered by major insurance companies which is pathbreaking in this industry. Services offered by HCAH Services offered by HCAH includePhysical Rehabilitation and Recovery: Offering inpatient rehab (IP Rehab) for post-operative and stroke recovery, Long Term Acute Care (LTACs) or step-down ICU, Centre-based Skilled Nursing Services, Centre-based Palliative Care, and Home ICU and Home Nursing Services. Elderly Care Services: Supporting Vivek Srivastava, Founder and CEO, HCAH India shares about how HCAH’s decade-long journey has redefined healthcare services outside traditional hospital settings By Team BW H Vivek Srivastava, Founder and CEO, HCAH India SPOTLIGHT the unique needs of the elderly with caregivers at home, Assisted Living, and Seniority, which is an omnichannel one-stop shop for elderly-related products. Chronic Disease Management: Covering screening, diagnostics, infusions, dialysis, oncology treatm e n t s , Pa t i e n t A s s i s t a n c e Programmes (PAPs), pharmacy services, and adherence programmes. Vision and market opportunity Our vision: “To improve Quality of Life of people”. The out-of-hospital care is gaining importance as Indian healthcare suffers from the challenges of access, affordability and standardised outcomes. With our Transition Care Centres we address
228 | B W BUSINESSWORLD | 16 December 2023 N INDIA’S DIGITAL SPHERE, a remarkable transformation has taken place in recent years. The way we conduct business and engage online has undergone a seismic shift, reflecting the diversity and dynamism that define our nation. India’s market is undeniably complex. With multiple official languages spoken and written, we are a nation both digitally savvy and well-connected, as an aggregate. Yet, a stark digital divide persists, separating those who have embraced the digital age from those who have not. The challenge of the 4Ds – disputes, digital issues, divides, and dignity –looms large, necessitating thoughtful solutions. India’s consumption-based economy is gaining momentum, poised to make substantial contributions. But amid the economic winds that can propel or stall this progress, it is the lack of consumer trust that poses the most significant threat. Consumerism is the driving force behind any thriving economy. In the context of Online Dispute Resolution (ODR), consumerism implies that consumers are actively engaging in digital transactions, be it ecommerce, online services, or virtual interactions. This is a positive sign as it fuels economic growth and innovation. However, this burgeoning consumerism brings with it a surge of concerns and complaints. Concerns arise from the expectations and experiences of consumers, both in the physical and the digital space. They encompass a wide array of issues, ranging from product quality and service delivery to privacy and security. These concerns need resolution, and the efficient addressing of these worries is pivotal in maintaining consumer trust. In the digital age, trust is paramount and it can be eroded rapidly if concerns are not addressed in a timely and effective manner. Complaints are the tangible manifestations of concerns. They are the mechanisms through which consumers express their dissatisfaction or seek redressal for issues they have faced. An increase in complaints is often seen as a challenge, but in reality, it is a reflection of an engaged consumer base. More complaints can be indicative of heightened expectations, and these complaints, if managed properly, can contribute to the overall improvement of digital services and products. Competences within the value chain are the capabilities and expertise required at various stages of the ODR process. This encompasses not only the technology and infrastructure needed for efficient resolution but also the human elements, including trained mediators and arbitrators. Without these competences, the ODR process would falter, and the cycle of consumerism, concerns, and complaints would become unsustainable. At the heart of our digital economy lies grievance redressal. It is the linchpin that ensures the seamless functioning of India’s online markets. Without a robust grievance redressal mechanism, consumer and business trust would erode, threatening the growth of our digital economy. The ease of access to grievance platforms may initially result in an influx of complaints. However, this is a positive sign, for over time, these systems will stabilise. In today’s fast-paced digital era, consumers expect grievance redressal to match the swiftness of their product purchases. Businesses and service providers play a pivotal role in mainI Online Dispute Resolution, a Need for India (A)muse & Musings By Srinath Sridharan
16 December 2023 | B W BUSINESSWORLD | 229 are able to effectively use ODR services to resolve disputes. Additionally, the introduction of a basic taxonomy is crucial to ensure that consumers and brands share a common understanding, eliminating technical and legal complexities. A common taxonomy promotes consistency in the application of resolution processes. By categorising disputes using predefined terms and criteria, it becomes easier to apply established protocols and precedents, which enhances the predictability and fairness of outcomes. With the increasing volume of digital transactions and the sensitive information shared online, data privacy and security are paramount in the context of ODR. Robust data protection measures are crucial to ensuring that users’ personal and sensitive data remains confidential. Compliance with data privacy regulations and the implementation of encryption and secure authentication protocols within ODR platforms are vital for building trust. Online Dispute Resolution platforms must prioritise data security to gain the confidence of users and uphold their commitment to maintaining the integrity of the dispute resolution process. Online Dispute Resolution platforms are increasingly collaborating with various industries to address specific concerns and resolve disputes efficiently. For instance, ecommerce companies are partnering with ODR providers to streamline the resolution of consumer complaints, improving the overall shopping experience. Such collaborations extend to sectors like healthcare, real estate, and finance. They allow industry-specific expertise to be integrated into the ODR process, ensuring that disputes are handled with domain-specific knowledge and sensitivity. These partnerships contribute to a more effective and tailored approach to resolving disputes, ultimately enhancing consumer trust in these industries. The importance of a robust grievance redressal mechanism cannot be overstated in the Indian digital economy. It sets the stage for trust, accessibility, and the seamless operation of our online markets. Trust, being binary, requires continuous nurturing to flourish. The writer is an author, policy researcher & corporate advisor At the heart of our digital economy lies grievance redressal. It is the linchpin that ensures the seamless functioning of India’s online markets. Without a robust grievance redressal mechanism, consumer and business trust would erode taining this balance. They must prioritise customer satisfaction and take concerns and complaints seriously. An agile feedback loop should be established, allowing them to continuously adapt and improve their offerings. The government has been actively working on policies and legal reforms to provide a foundation for ODR mechanisms. These regulations define the legal standing of electronic signatures and documents, ensuring the enforceability of ODR outcomes. Additionally, they outline the responsibilities and rights of the parties involved, setting clear guidelines for ODR platform providers and users. As the regulatory framework continues to mature, it will play a crucial role in building trust and confidence in ODR processes, ultimately facilitating smoother dispute resolution in the digital space. Online Dispute Resolution offers a unique opportunity to expedite and simplify dispute resolution processes, with the potential to revolutionise how industries operate in India. However, ODR can only flourish if there is a clear intent to resolve disputes at its core. Online Dispute Resolution platforms are being designed with user-friendliness in mind, making them accessible to individuals with varying degrees of digital acumen. Inclusivity in the digital sphere is not just about technological access but also ensuring that individuals from diverse backgrounds Photograph by Akarapongphoto
230 | BW BUSINESSWORLD | 16 December 2023 Foreign Aid as Constraint on Decision Making is a pedantic discourse on the role aid has played to entrench the United States as a key player in West Asia’s geopolitics. The theme of the book is similar to author Jyoti Kumar’s doctoral thesis and no doubt, draws from it. It also provides an insight into the simmering tensions in West Asia By Team BW BOOKMARK REVIEW UNRAVELLING THE NUANCES OF US AID IN WEST ASIA F OREIGN AID AS Constraint On Decision Making: A study of American Aid to Egypt and Israel by Jyoti Kumar is a study of the geopolitics of West Asia, dwelling among other things, on the region’s “oil politics”. The author, currently Head of Corporate Communications at GAIL India, has a PhD from the Jawaharlal Nehru University on the Geopolitics of Foreign Aid. The book was published early in 2023, long before the Hamas attack on Israel in October conflagrated into a full-scale war. Even though the regional conflicts referred to are historical, the book provides an insight into the genesis of the simmering tensions in the region. It well as in the post-cold war scenario. He dwells on the history of US aid to the region that actually began as far back as World War I. To cover the cost of war and the capital outflow, Britain – then saddled with an unfavourable balance of payments situation – was borrowing heavily from the United States. The situation particularly focuses on the geopolitics that has spun out of the US Administration’s enormous and long- drawnout aid programme in West Asia. The author attempts a factual analysis of the conflictual policies of Israel and Egypt under US mediation during different phases of the cold war, as paved the way for the US to emerge as a player in world affairs, using foreign aid to secure its position as a hegemon, says Kumar. In West Asia and North Africa, US aid emerged as a game changer, leading to a paradigm change in the Arab-Israel conflict. Egypt’s policy towards Israel took a new turn after the consolidation of power by Gamel Abdel Nasser Hussein in 1954-55, when the US largely remained a distant player beyond the British and French hegemony in the region. Arab-Israeli relations continued to deteriorate after 1956. In the subsequent wars in West Asia, Egypt emerged as a staunch leader of Arab nations and Israel its main contender. TITLE: Foreign Aid as Constraint On Decision Making: A Study of American Aid to Egypt and Israel Author: Jyoti Kumar Pages: 288 Price: 830 (Hardcover) Publisher: Kalpaz Publications Jyoti Kumar
16 December 2023 | B W BUSINESSWORLD | 231 Reconstruction Meanwhile Israel was reconstructing its economy along with its military position, while war-torn Egypt was in the midst of an economic reconstruction. After Gamel Abdel Nasser’s death, Anwar Sadat’s pragmatic policy and his peace proposals for Israel shaped the contours of geopolitics in which self-interest subsumed ideological divides. Egypt’s stance since 1971 and post the Nasser era, changed to collaboration from belligerency, while the superpowers were locked in a cold war. After the cold war ended, regional aspirations came to the fore, when foreign aid became a diplomatic tool for ensuring cooperation between nations and the superpowers. Egypt’s Aswan Dam, for which the US, Britain and then the World Bank refused a loan, while the erstwhile USSR stepped in, is a case in point. Jordan’s programme. After 1974 Egypt began to isolate itself from the USSR and came closer to the West. Basic changes occurred in Egypt’s policy, as is evident in the infitah and its democratic liberalisation policies. Both Egypt and Israel showed a desire to seek peace under US patronage. Egypt and Israel received aid from the same pole i.e. the West, and thus a quasi-unipolar situation prevailed even before the 1988 Détente. Aid from the US to Egypt and Israel (1975-2011) and a series of developments led to disengagement programmes and the Camp David Agreement. Changing Dynamics Bilateral cooperation between Egypt and Israel also changed the dynamics in the region. The US holds great influence as a partner in the peace between the two nations. The US and its western allies have favourable terms of trade with both water disputes, linking aid with settling Arab-Israeli disputes in the context of the Johnston Plan is another illustration, Kumar upholds. The book also refers to the post 1954 Suez Canal base agreement, providing some interesting insights into it. The growing dependence of Egypt on the USSR and the Eastern Bloc, and its impact on its economic, foreign, political and military policies turned the region into a fault line of belligerency. In Israel’s case, the Western link remained a far-reaching influence. The author analyses the impact of the October War and the first and second disengagement agreements between Egypt and Israel in which Henry Kissinger played a crucial role. He writes of how the USSR’s role in the region was diffused and a new era of US relations began there when Israel became completely dependent on US aid and Egypt followed suit, with its economic and military aid Egypt and Israel. Both the US allies have remained close strategic partners. The scale of US aid to Egypt and Israel kept on escalating, way beyond the typical USAID programmes in other parts of the world. Foreign aid proved a constraint on decision making after 1990-91 and the breakdown of the USSR. During the Kuwaiti crisis, Israel proved a hurdle to US policy. Now as intra- Islamic cold war prevails in West Asia, the US needs to cultivate not only Saudi Arabia but also Egypt. Strategic Relationships There is a lot of pressure on Israel from the US and the Western European countries to achieve comprehensive peace in the region, says Kumar. Israel is seen as a nuclear power that uses deterrence as a lever for foreign aid. Even though the strategic importance of Israel has decreased, it is still relevant in the wake of the rising threat of Islamic fundamentalism. Israel offers the US logistics accessibility to the region and secret information from it. The pattern of US aid has played a major role in building strategic relationships in West Asia, the author concludes. The book will no doubt, benefit students of international relations, academics and researchers on the geopolitics of West Asia. It may also interest the lay reader, keen to fathom the nuances of the conflicts in West Asia. Photograph by Thenews2
232 | B W BUSINESSWORLD | 16 December 2023 The elements of ROCKWOOL ROCKWOOL stone wool insulation has its positive properties by nature. The material, based on volcanic stone, is naturally fire safe, circular, durable, moisture resistance, breathable and sound absorbent. Fire safety is ensured, with stone wools able to withstand more than 1,000 degrees Celsius and with the property of being able to prevent fire to spread. This means that ROCKWOOL stone wool meets the strictest requirements of structural fire safety and leads to improved safety of the building. Circularity of ROCKWOOL stone wool material is an essential part of the sustainable equation. The stone wool is recyclable and can be used for other products without loss of performance. Durability is the core of insulation. With 55+ years of retained performance and no As a product, insulation is meant to be invisible – but as a green solution, ROCKWOOL contributes at large by leaving a “negative footprint”; increasing buildings energy-efficiency and durability to create a more sustainable future. ROCKWOOL’s solutions are many things at once – just like buildings themselves require many aspects covered. A green thread through ROCKWOOL, however, is sustainability. Of the final solution – as well as the process. ROCKWOOL: Building-materials with green ambitions key out the gn, y to ate ent ect ass ver ia's y a big ore for out to ure d a as e of nd ese ties t in ent an and Vinay Pratap Singh, Business Unit Director - India and SAARC Countries, ROXUL ROCKWOOL Technical Insulation India Pvt. Ltd.
16 December 2023 | B W BUSINESSWORLD | 233 need for maintenance ROCKWOOL stone wool insulation offers an easy and energy-saving solution throughout the lifetime of the building. Moisture resistance is an essential property in most countries. Stone wool is naturally water resistance. A benefit of ROCKWOOL stone wool insulation is therefore that it keeps the building dry and preserves the energy. Breathable material also leads to healthier indoor climate. This does not only ensure that the indoor climate is cooler in the summer and keeps warm in the winter, it also contributes to a better long-term health. This also means that the state of the building is preserved against mould and humidity damages. Sound absorbance is an additional value of ROCKWOOL stone wool insulation, the density of the material has the ability to reduce the noise travelling through the building. Positive climate impact by ROCKWOOL stone wool is in other words not a compromise, but an added value to the positive impact on comfort, safety and resilience of the building – strengthening the future of the building as well as its sustainability. When that is said, no building is the same. ROCKWOOL is therefore far from generic. Each building comes with its own context, challenges and extraordinary requirements – calling for customised assessment and solution. This task has taken ROCKWOOL on a journey filled with interesting building projects and puzzling challenges. What follows is an insight on some of extraordinary projects by ROCKWOOL, revealing the quirks, characteristics and special necessities of different types of buildings around the world. On a journey with ROCKWOOL From rainy England to sunny Texas and from student accommodation to logistic centres to Chocolate Factories – projects by ROCKWOOL cover a variety in types of buildings, contexts and environments. And it is therefore no surprise that there is not a “one size fit all”. In ROCKWOOL’s catalogue of cases “By Nature” these cases are unfolded – taking the reader through a journey of characteristic buildings and different requests. Beneath is a small insight, of three cases, illustrating the work of ROCKWOOL to improve the resilience and climatefriendliness of buildings. ROCKWOOL and the Chocolate Factory It is no surprise that temperature plays an essential role when dealing with chocolates and sweets – and so for, Ferrero, this was an essential consideration for reaching out to ROCKWOOL for a temperature-controlled solution for their storage space. Besides this request of special temperature-accuracy, Ferrero had a wish to blend into the landscape by reducing the noise and match the natural surroundings by applying a greener solution. W i t h t h i s r e q u e s t ROCKWOOL was called to the table – resulting in insulation of 10,000 square metre sandwich panels ranging from 80-200 millimetres in thickness. With this fine-tuned solution it was possible to stabilise different temperatures within the different spaces – to preserve the best quality of the beloved products, here among everyone’s favourite; Nutella.
234 | B W BUSINESSWORLD | 16 December 2023 key out the gn, y to ate ent ect ass ver ia's y a big ore for out to ure d a as e of nd ese ties t in ent an and Back to the 60s - on to the future How do you renovate a three blocks apartment from the 60s – to improve the health and wellbeing of 480 individuals in their 204 homes? This was the question that ROCKWOOL together with the property owners Southwark Council asked themselves, when they started this large project with Tustin Estate apartments. After a pilot phase was run the solution was developed and the building was upgraded with a combination of Rockpanel external cladding with a ROCKWOOL insulation system. This might sound foreign to most and it was therefore an important part for ROCKWOOL to show their proposal for Tustin Estates to its residence. The residence association was involved and showcased examples of the materials and were invited to learn more about the customised solution that ROCKWOOL proposed for their building. A dream of green logistics How can you ensure green building-materials when constructing a large logistic centre? This was Frode Laursens question, when the 39,000 square metre logistic centre in Eskilstuna, Sweden was to be constructed. For this dream that became known as “Frode Laursens Green Warehouse Vision” ROCKWOOL was called in to ensure that both the final solution was sustainable – as well as the process of construction. To do so, ROCKWOOL took precautions to use sustainable solutions – such as green electricity and water recovery throughout the process of constructing the warehouse. This led to the dream of green logistics come true – and in 2020 Frode Laursen was recognised as “Transport Company of the Year” in Denmark for its green transition. These cases illustrate some of the challenges and requests that ROCKWOOL has engaged with – and the final solutions in the buildings today. The tailored solutions give an insight to the diverse world of ROCKWOOL, and how emphasis on certain elements is essential – but never a compromise with sustainability. ROCKWOOL STONE WOOL INSULATION HAS ITS POSITIVE PROPERTIES BY NATURE. THE MATERIAL, BASED ON VOLCANIC STONE, IS NATURALLY FIRE SAFE, CIRCULAR, DURABLE, MOISTURE RESISTANCE, BREATHABLE AND SOUND ABSORBENT. FIRE SAFETY IS ENSURED, WITH STONE WOOLS ABLE TO WITHSTAND MORE THAN 1,000 DEGREES CELSIUS AND WITH THE PROPERTY OF BEING ABLE TO PREVENT FIRE TO SPREAD. THIS MEANS THAT ROCKWOOL STONE WOOL MEETS THE STRICTEST REQUIREMENTS OF STRUCTURAL FIRE SAFETY Frode Laursen Warehouse Tustin Estate Apartments
16 December 2023 | B W BUSINESSWORLD | 235 “LEVERAGING EMERGING TECHNOLOGIES WILL CREATE NEW OPPORTUNITIES TO STAND TALL GLOBALLY” Mahindra to build a culture of success? In line with the Mahindra Group’s philosophy to Rise, we are committed to promoting positive change in the lives of our partners, stakeholders, communities, and the world at large. We firmly believe that doing what is beneficial for the world, makes for good business practices. Therefore, we prioritise fostering a culture of growth and collaboration through many strategic initiatives. Our people are our greatest assets, and we are committed to setting an example in addressing urgent needs such as climate change and sustainability, technological disruptions, and upskilling. We will continue to prioritise fostering growth opportunities within the organisation, encouraging career progression and development while staying focused on emerging technologies to promote innovation and agility in our business practices. How do you see yourself taking on this new role at Tech Mahindra? Despite the global economic turbulence, the global IT market is expected to reach USD 11995.97 billion in 2027 from USD 8179.48 billion in 2022. Furthermore, IT spending is predicted to increase with advancements in 5G and 6G, Artificial Intelligence, Deep Machine Learning, Quantum Computing, Metaverse. We see a great opportunity to scale and drive efficiency, profitability, and discipline in our delivery, in collaboration with our highly skilled tech talent. Tech Mahindra has come a long way since the Satyam acquisition, which is an exemplary case study of how a hostile situation was turned into a strategic opportunity for growth. As the industry continues to evolve and businesses prioritise their digitalisation plans, our focus will be to continue our growth momentum and create innovative digital strategies that align with our customer’s business objectives and current market trends. Which key technologies do you think will drive India’s competitive edge in the global arena? India has maintained its position as the fastest-growing major economy for the third year in a row. This growth has been largely driven by a strong and diverse technology ecosystem, among other factors. Figures underline that the Indian economy has shown remarkable resilience to global crises, and technology has played a significant role in keeping it afloat. All this has uplifted our appetite to develop products and services indigenously for the world. Leveraging emerging technologies will further help us unlock growth and create new opportunities to stand tall globally. We must also invest in empowering our youth with futuristic skills and fostering a culture of innovation. A recent report highlights that India is one of the key tech talent markets with a 16 per cent market share. Hence, it is our responsibility to empower the workforce with the right skills and opportunities to build a stronger and more self-reliant nation.Further, investments and policy formulations in futuristic technologies like Applied AI, Digital twins, In conversation with BW Businessworld, ATUL SONEJA, the Chief Operating Officer at Tech Mahindra, shares insights into the key technologies shaping India’s competitive edge globally. As India maintains its position as the fastestgrowing major economy, Soneja emphasises the pivotal role of technology in sustaining this growth By Team BW IN CONVERSATION Quantum, Blockchain, Industrial IoT, etc., will democratise tech and help us reach the last mile with innovative propositions in sectors like agriculture, logistics, smart cities, etc. Can you please highlight the strategies you plan to implement at Tech
236 | BW BUSINESSWORLD | 16 December 2023 Check In Never Check Out is another memoir of a celebrated hotelier, but this time it is not just a fly-on-the-wall account of an industry that author Rattan Keswani has spent his life in. Keswani shares his own success mantras and counsels that not just the customer, but the team player is also king By Team BW BOOKMARK REVIEW STRIDENT VOICE FROM THE HOTEL INDUSTRY A N ICONIC QUOTE of the Austrian philosopher Martin Buber, “All journeys have secret destinations of which the traveller is unaware,” sets the mood of author Rattan Keswani’s memoir. In Check-In, Never Check Out, the celebrated hotelier chronicles his extraordinary life story, seamlessly blending in his personal triumphs and challenges with the inner workings of a hotelier’s life. The opus is more than a mere account of Keswani’s achievements. It is also an indispensable handbook the hospitality industry as a cauldron of emotions, of an eclectic array of individuals of diverse socio-economic backgrounds who converge to create a dynamic tapestry of humanity. “We do not teach to learn, instead we address and authorise, without understanding that people and the world around us are continuously metamorphosing,” is one of the insights the author provides on leadership. This anecdotal narrative dives deep into organisational issues that plague any industry – and not just the hospitality industry – where leaders tend to impose tasks on TITLE: Check In Never Check Out Author: Rattan Keswani Pages: 214 Price: 350 that offers sagacious counsel to both aspiring hoteliers and seasoned professionals in the hospitality industry. Through captivating anecdotes and real-life encounters, the book immerses the reader into the multifaceted realm of hotel management, giving glimpses into instances of leadership, customer service, staff management, marketing strategies and innovation. Of and for the People Every chapter vindicates that the hospitality sector is essentially about people – be they customers or team members. The book depicts
16 December 2023 | B W BUSINESSWORLD | 237 their underlings instead of enthusing them into being involved in the organisational structure. “Evolve and engage always – make that your mantra,” is a nugget of wisdom from the author, who has worn many hats in the hotel industry including those of Deputy Managing Director of Lemon Tree Hotels Ltd and President of Trident Hotels. One of the best parts of the book is how sensitively it deals with the issue of moderation and reinvention in evolving times. The book sheds light on how methods that had worked in the past are no longer relevant and how one should innovate and evolve new ways to deal with new problems. Keswani refers to adaption embodies the true spirit of teamwork, adaptability and empathy,” writes Keswani. Customers & Team Players Hospitality is the only industry that links its main stakeholders directly with customers for longer periods of time and on their special occasions. The author emphasises that the hotelier’s duty revolves around ensuring the highest level of care for guests. The book reflects Keswani’s obsession with customers and as a hotelier his love for his people and his desire to learn constantly. At a point in time when the common practice in the industry is to go out of the way to please customers even and nimbleness as the key methods of the future. The industry veteran depicts hospitality as an ideal occupation and expresses concerns about its lack of success in attracting the youth of India. “It has bothered me for many years, that in a country as populated as ours, with high unemployment, we are unable to excite and entice young students to work in hospitality,” he writes. In subsequent chapters he recounts the praise worthy attributes of the industry in a bid to change the prevailing perspective towards it. He points out that the profession demands gruelling labour, but divulges that the returns to professionals are manifold. “The industry if they are wrong, Keswani plays a discordant note. “The customer is never always right. If the customer treats your team member badly, evict the customer. The team member is more valuable than the customer. They are your and your company’s brand ambassadors, treat them so,” advises the illustrious hotelier. Yes, Check-In, Never Check Out offers inspiration and sagacity to those navigating their way through the hospitality industry, but it offers a little more. Just as the author hints at the start of the book, it narrates the transformative power of fortuitous paths, reiterating that “all journeys have secret destinations of which the traveller is unaware”. “It has bothered me for many years, that in a country as populated as ours, with high unemployment, we are unable to excite and entice young students to work in hospitality,” writes Rattan Keswani
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240 | B W BUSINESSWORLD | 16 December 2023 Experts say investments of passion are on the up and up despite global political and economic shake ups. That said, should you be parking your hardearned money in art? Is it sound investment? By Jyotsna Sharma INVESTING IS WHAT WOULD drive you to buy an expensive piece of art? Is it a sense of accomplishment, being seen as a part of the cultured lot, a boost in self-esteem or the investment value. Maybe all of these? A UBS and Art Basel art market 2023 report highlights that the global art market grew to $ 67.8 billion in 2022. The United States retained its position as the largest art market with a value of $ 30.2 billion. The report states while there has definitely been an impact of a high interest rate environment and the wars in the first half of the year however, collector confidence remains strong for the second half of this year and going into 2024. Interestingly, sale of art related NFTs fell by nearly half in 2022 to $1.5 billion. It hasn’t been a particularly good year for the cryptocurrency universe, many people were left with their faith shaken and disappointed. So, it seems fitting that NFTs lost favour. Art investment has always been considered a smart financial move. Auction house heads say it is not just for seasoned collectors anymore, the younger affluent lot are also putting their money in art. In a recent interaction, Sonal Singh, MD, Christie’s India speaking about a recent South Asian Modern IN DEPTH ART MARKET Untitled, M. F. Husain, Circa 1970 Diagonal, Tyeb Mehta, Oil on canvas, 1973
16 December 2023 Photograph by Tarun Tahiliani | B W BUSINESSWORLD | 241 AN ART Tanvi Kanchan, Head, Corporate Strategy at Anand Rathi Shares and Stock Brokers says they have seen the universe of the art collector grow from the ultra-high net worth individuals to encompass the high-net-worth individuals over time. Further, the younger lot is leaning more towards digital and contemporary art. If we look at the numbers, the Indian art market has been performing well, of late. Why should you invest in Indian art? According to the Indian Art Investor report, the Indian art market clocked a turnover of Rs. 1,145 crore in FY 23. H1FY24 has generated a turnover of Rs. 658 crore, this is a 12 per cent increase when compared to last year. The report states that the modernists generated maximum turnover and number of works sold. Further, 1 per cent of the pieces priced above Rs. 10 crore generated most turnover. And, online auctions trumped physical auctions in terms of works sold and turnover generated. It projects turnover ranging up to 31 per cent for H1FY25. The stars The report highlights some of the most expensive works and record breakers for H1FY24. These are, a 1937 oil on canvas by Amrita Sher-Gil that sold for Rs. 61.8 crore, and an acrylic on canvas by S.H. Raza at Rs. 51.7 crore, among and Contemporary art auction pointed out that 62 per cent buyers were from the Asia-Pacific (APAC) region and 10 per cent of the buyers were millennials. “In terms of volumes, we cater to approximately 80 per cent domestic and 20 per cent international buyers”, says Siddanth Shetty, Chief Administrative Officer, Astaguru Auction House. He adds, the market has seen an influx of young buyers in their 30s and 40s who are keen to experiment with their first collections. They are propelled by increasing incomes, and exposure to global art trends. They have a profound interest in contemporary art, probably because it is a lot more accessible. We have also noticed an emergence of buyers from non-metro areas - these are young entrepreneurs and high-net-worth individuals. SNEHA K GAUTAM,Senior Vice President, Client Relations, AstaGuru Auction House “According to the Indian Art Investor report, the Indian art market clocked a turnover of Rs. 1,145 crore in FY 23. H1FY24 has generated a turnover of Rs. 658 crore, this is a 12 per cent increase when compared to last year” Prakriti, S. H. Raza, Acrylic on canvas, 1994
242 | B W BUSINESSWORLD | 16 December 2023 Art investment is essentially a long-term investment. The Knight Frank Wealth Report 2023 found that 59 per cent of ultra-high net worth individuals (UHNWI) globally will likely invest in art in 2023. Shetty says, “art is definitely a sound investment. Findings from the KnightFrank report highlights, affluent individuals realised an impressive annual return of 29 per cent on their art investments in the year 2022. Amongst the various segments, modern and contemporary art have stood out as particularly appealing to investors seeking assets that not only yield substantial returns but also provide diversification advantages.” As global wealth grows and countries become richer, there will be more interest in art. One can see the state of the economy and interest in artists and investment in their work is linked. The richer the country, the more its people look to invest in assets that will hold value over a longer period of time and even during the cyclical phases of the economy. The key to making a good investment is always to know the market and the product. If this is your first buy, study the artist of interest, understand the value and provenance of the work you are interested in. Finally, enlist the help of a good art advisor to help you navigate your way through the art market. “The Knight Frank Wealth Report 2023 found that 59 per cent of ultra-high net worth individuals (UHNWI) globally will likely invest in art in 2023” others. Some of the artworks that achieved record breaking increase in price were, Homi Jehangir Bhabha with a 289 per cent jump, Thota Vaikuntam recording a 62 per cent increase, A. Ramachandran with a 42 per cent increase over their previous sale values. Sneha Gautam, Senior Vice President, Client Relations, AstaGuru Auction House says, “In the recent auction titled ‘Modern Treasures,’ held in the first week of September, a work by Husain depicting his famous horses was sold at a whopping price of Rs. 7.2 crore. During the same auction, two more distinct works by the artist crossed the mark of Rs. 80 lakhs.” How to go about it? Experts are of the view that art is a good investment even though it is not a liquid asset and rather opaque as compared to other investment options. If you are one who wants quick returns on your investments then art might not be your thing. L-R: SONAL SINGH, MD, Christie’s India, TANVI KANCHAN, Head, Corporate Strategy at Anand Rathi Shares and Stock Brokers, SIDDANTH SHETTY, Chief Administrative Officer, Astaguru Auction House IN DEPTH ART MARKET
16 December 2023 | B W BUSINESSWORLD | 243 SURESH NARAYANAN, CMD, Nestlé India, on increasing digitalisation in management education, navigating ambiguous situations in a dynamic business environment and the need to mould India’s workforce to address its talent requirements “India’s B-school Graduates Are Second To None” LAST WORD SURESH NARAYANAN this plant more than a year before the operations started. We recently announced our 10th plant in Orissa, and again, we intend it to become a majorly femalerun plant. Our teams are already on the ground. So, the preparation to mould the talent in our country needs to be done in advance. The raw material in the form of the workforce in our country is excellent. They need training on the more sophisticated and newer technologies that can help in the manufacturing process. Productivity Is Key I believe India needs productive, committed, passionate and dedicated people. Irrespective of age, all citizens should think of how they can contribute productively and sustainably to raise the level of the country’s prosperity. If somebody is productive, educated, agile, and receptive enough and decides to give high-quality, sustained output over a shorter period, then the whole 70-hour work week is not much of an issue for me. Excerpts of the keynote at the 3rd Dr Pritam Singh Memorial Conference in New Delhi I ndia’s management education institutions have consistently produced bright and capable talent excelling in technology, operations, finance and marketing. India’s business school graduates are second to none. However, my experience has revealed a crucial gap that traditional education alone cannot fill – the ability to manage crises and navigate ambiguous situations. The business environment has multiple stakeholders – investors, consumers, and regulatory environment who ask for your attention to what is important to them. The ability to assimilate their voices and do it seamlessly in a world that is getting increasingly complex and volatile is becoming a significant challenge for organisations today. A Collaborative Effort India’s talent requirement is going to grow dramatically. We are becoming more digitised, so digitalisation has become imperative in the curriculum of management education and all academic fields. I find a high degree of awareness, interest, and ambition among the new generation to use newer technologies. With the government’s thrust on manufacturing, we are poised to become a centre for global manufacturing excellence. This means that white-collar and blue-collar operators will be in great demand. Here, I feel a role needs to be played by the government, the Department of Skill Development, and corporates. Moulding The Workforce Take, for example, our plant in Sanand, Gujarat. It has almost 60 per cent female operators. It is our largest gender-diverse factory that we have set up. Our team identified and trained the talent for I believe India needs productive, committed, passionate, and dedicated people. Irrespective of age, all citizens should think of how they can contribute productively and sustainably to raise the level of the country’s prosperity
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