Lala Lajpatrai Institute of Management

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Entrepreneurship Development

Accelerators – Opportunities for Students and Faculties: Early Stage Entrepreneurs

Lala Lajpatrai Institute of Management [LLIM], Mumbai had organized the Institution’s Innovation Council[IIC] session on “Accelerators – Opportunities for Students and Faculties: Early Stage Entrepreneurs” on 5th August 2023 in 6th floor, Seminar Hall.

The session began with lighting of the lamp by the dignitaries and paying their tribute to Shri. Lala Lajpatraiji. The dignitaries of the inaugural session consisted of Mr. Aadesh Surya Rao from Institution’s Innovation Council[IIC], Mumbai – Chief Guest, Dr. H. J. Bhasin – Director : LLIM, Dr. Gagan Bhatia – IIC Member: LLIM, Dr. M. Gowri Shankar – IIC Member: LLIM, Dr. A. Balasubramanian – IIC Member: LLIM and other faculty members of LLIM. Dr. Kamalji Gupta, Chairman, LLIM conveyed his best wishes for the session. Dr. H. J. Bhasin, Director extended a warm welcome to the Chief Guest. In his speech, Dr. H. J. Bhasin, Director accentuated the relevance of the session theme and highlighted the significant growth of LLIM.

Mr. Aadesh SuryaRao, the chief guest, explained the idea of accelerators and how they work in his presentation. With particular reference to Ola Cabs, he also listed the steps for starting a business as Observe, Idea, Validate, Start-up Registration, IPR & Prototype, Feedback & Iteration, Funding, and Launch. He illustrated how accelerators work by showing how they make the most use of resources like investment, access to investors, peer mentoring, workspaces, and marketing technologies in the early stages of an entrepreneur’s career. He discussed about the numerous schemes that would help the expansion of start-ups.

The Chief Guest analyzed the potential during the Q&A session and underlined the capacity of accelerators for students and faculties to be early-stage entrepreneurs. 104 participants enthusiastically attended the session, of which 89 were students and 15 were faculty. A vote of thanks was proposed by Dr. Gagan Bhatia, an IIC member from LLIM, to conclude the session.

Vision is to Provide a Cost-Effective Commitment Details

Manjeet Singh Saini has started K.R. Consultancy services which was registered on 22nd October 2022. The Company provides services related to tax planning, financial reporting, business registration, investment planning etc.

 

Their vision is to provide a cost-effective commitment and to always be continually accessible. They are going to provide businesses, entrepreneurs and individuals with the highest quality accounting, auditing, tax planning and business advisory services delivered in a timely, efficient and innovative manner by a professional team that clearly enjoys working together to exceed their client’s needs and expectations.

Entrepreneurship Development Cell

Name of the Event   Guest Lecture – Entrepreneurship Development Cell
  Date       20th April, 2024, 11 am onwards
  Venue   7th Floor, 702
  Topic   Intrapreneurship – “Where Opportunity Meets Talents”
  Faculty In charge     Prof. Kavita Patil, Dr. Suresh Suvarna, Dr. Gautam Trehan
Description The guest lecture delivered by Mr. Rajnish Kadam at Lala Lajpatrai Institute of Management was an insightful exploration into the realm of intrapreneurship titled “Where Opportunity Meets Talents.” Mr. Kadam, an esteemed expert in the field, adeptly navigated through various facets of intrapreneurship, shedding light on its significance, challenges, and indispensable strategies for success.   Throughout his discourse, Mr. Kadam emphasized the fusion of experience and the imperative need for change, underlining how individuals should perceive their jobs as avenues for opportunity rather than mere obligations. He underscored the notion that experience is never a wasted asset but rather a cornerstone upon which new options and responsibilities can be built.   Central to his narrative was the pivotal role of relationships, networking, and the establishment of trust, highlighting their instrumental contribution to fostering an intrapreneurial environment. Mr. Kadam stressed the importance of nurturing passion alongside capacity and capability, urging the audience to envision clear roadmaps for their professional trajectories spanning 3, 10, and 20 years.   Moreover, Mr. Kadam delineated the significance of managing expectations, advocating for a steadfast commitment to patience, particularly during the critical “1000 days” of a venture’s inception. He delved into the essence of financial management as the lifeblood of startups, advocating for prudent adherence to an “Earn and Spend” policy.   Furthermore, Mr. Kadam provided invaluable insights into the meticulous considerations and formalities requisite for startup endeavors, emphasizing the importance of clear understanding, calculative risk-taking, and robust financial controls. He elucidated on the importance of balancing business across verticals, optimizing opportunities in goods and services sales, international markets, and exports.   In addition, Mr. Kadam outlined the essential bureaucratic procedures and regulatory compliances essential for business operations, ranging from company registration and MOA to ISO accreditation and various licenses. He underscored the significance of quality products and services, alongside the strategic leveraging of GST claims and cost reduction mechanisms to bolster working capital and enhance competitiveness in international markets.   Conclusively, Mr. Rajnish Kadam’s guest lecture encapsulated a wealth of wisdom and practical insights, equipping the audience with a comprehensive understanding of intrapreneurship and furnishing them with actionable strategies to navigate the dynamic landscape of business with confidence and acumen.  
 

Lala Lajpatrai Institute of Management [LLIM], Mumbai had organized the Institution’s Innovation Council[IIC] session on “Accelerators – Opportunities for Students and Faculties: Early Stage Entrepreneurs” on 5th August 2023 in 6th floor, Seminar Hall.

The session began with lighting of the lamp by the dignitaries and paying their tribute to Shri. Lala Lajpatraiji. The dignitaries of the inaugural session consisted of Mr. Aadesh Surya Rao from Institution’s Innovation Council[IIC], Mumbai – Chief Guest, Dr. H. J. Bhasin – Director : LLIM, Dr. Gagan Bhatia – IIC Member: LLIM, Dr. M. Gowri Shankar – IIC Member: LLIM, Dr. A. Balasubramanian – IIC Member: LLIM and other faculty members of LLIM. Dr. Kamalji Gupta, Chairman, LLIM conveyed his best wishes for the session. Dr. H. J. Bhasin, Director extended a warm welcome to the Chief Guest. In his speech, Dr. H. J. Bhasin, Director accentuated the relevance of the session theme and highlighted the significant growth of LLIM.

Mr. Aadesh SuryaRao, the chief guest, explained the idea of acceleratorsand how they work in his presentation. With particular reference to Ola Cabs, he also listed the steps for starting a business as Observe, Idea, Validate, Start-up Registration, IPR & Prototype, Feedback & Iteration, Funding, and Launch. He illustrated how accelerators work by showing how they make the most use of resources like investment, access to investors, peer mentoring, workspaces, and marketing technologies in the early stages of an entrepreneur’s career. He discussed about the numerous schemes that would help the expansion of start-ups.

The Chief Guest analyzed the potential during the Q&A session and underlined the capacity of accelerators for students and faculties to be early-stage entrepreneurs. 104 participants enthusiastically attended the session, of which 89 were students and 15 were faculty. A vote of thanks was proposed by Dr. Gagan Bhatia, an IIC member from LLIM, to conclude the session.


Resource Person: Ms. Neeraa Prabhakar Mr. Nilesh Birla Mrs. Bhavika Chawla Date: 13/01/2023 Venue: Room No. 610, Seminar Hall, Lala Lajpatrai Institute of Management Faculty InCharge: Prof.Kavita Patil ( Convener ) Dr.Suresh Suvarna Description: Topics Covered 1. Spotting Entrepreneurial Opportunities 2. Understanding the Basics of Business Planning 3. Developing a Business Model 4. Branding and Marketing Strategies 5. Understanding Financial Management 6. Building a Team 7. Making Use of Business Resources 8. Activity on Business Idea’s An event on how to Spot Entrepreneurial Opportunities , Understanding the Basics of Business Planning and Developing a Business Model was conducted on 13th Janurary, 2023, at Lala Lajpatrai Institute of Management, Mumbai, by Prof.Kavita Patil and Dr. Suresh Suvarna under Entrepreneurship Development Cell. An Innovative Business Idea Competiton held in which around nine groups presented their ideas. More than 100 students attended the event, and they found the Event very informative and interesting.

Topic: Entrepreneurial Development
Date held: 2nd February 2019
Venue: Seminar Room on the 6th Floor, LLIM
Guest Speaker: Baiju Nathwani, Entrepreneur – Health Fiesta

 

Details of the Guest lecture:

 

“Don’t worry about failures you only have to be right once” to make students of LLIM believe this, a charismatic entrepreneur Mr.Baiju Nathwani shared his valuable knowledge through his guest lecture. About Mr Nathwani, he has done his MBA from SIES College of Management Studies and a founder of Health Fiesta a mobile diet clinic which caters to schools and corporates. He is also a visiting faculty at SIES College of Management Studies and most importantly is a delight to listen.

 

Sir was very interactive, first he told about the model of his own company where they don’t have any offices or permanent staff but they have a platform where doctors enrol on weekly basis. They visit schools and corporates and give them services like health counselling, health monitoring. Sir explained the difference between an entrepreneur and a business person, former is the one who brings his unique idea to his startup and the later who starts a business on an old concept or an idea.

 

Sir told few mantras that would surely motivate one to dream of becoming an entrepreneur

  1. Start early – Earlier you start, more you learn and more time you have to customize which may be difficult after an age of 35 yrs
  2. Tackle Peer pressure, don’t worry what others think but believe in yourself.
  3. Failure is your best teacher. Don’t be scared of it.
  4. Choose Partners wisely, need not be a friend but an innovative, knowledgeable and people’s person.
  5. Go digital, marketing is highly lucid after advent of digital marketing
  6. Quality
  7. Business plan – Make a proposal which will attract investors, and approach investors wisely considering one’s business plan.
  8. You need not know everything, learn to outsource. Eg. registration of company, market research.
  9. Identify target audience, very imp to put yourself in the customer’s shoes.
  10. Achieve an unserved need for market, Observe people, think of their unserved needs and that’s what Apple, Facebook, Netflix did and that really paid off.
  11. Last but not the least, a contingency plan.

 

Sir gave knowledge about franchising. Sir was very open about his future business venture an app called “Book My Class” which will help online booking of school class rooms during evening hours when they are generally idle. Few students also told about their startup plans for future. His lecture was full of live examples which really fascinated the students.

 

The session was a huge add-on to the knowledge of students where he guided the students on how to dream big and follow your dreams of becoming an Entrepreneur.

Topic: Entrepreneurial Development Date held: 15th March, 2018 Venue: Seminar Room on the 6th Floor, LLIM Guest Speaker: Arch. Jayant Sinari   Details of the Guest lecture:   Architect Jayant Sinari Sinari Mr. Sinari is a senior architect owning his own firm “Jayant Sinarari Architect and practising in India SINCE 1989. Graduated from Academy of Architecture and registered in Council of Architects, he also has A Membership with PEATA (Practising Engineers, Architects & Town Planners)and Institute of Valuer’s .He has He has expertise in execution of projects within time schedule and budget. He gives excellent designs and incorporates modern construction technology in the design. He has been felicitated by Late President of India Shri Shankar Dayal Sharma for the proposals of beautification of Mumbai. He highlighted on some important characteristics he has inculcated within him to become a successful entraprenuers.He insisted to have a blend of use of modern technology with the conservative value system.

Topic: Entrepreneurship

Date held: 12th Oct 2017
Venue: Seminar Room on the 6th Floor, LLIM
Guest Speaker: Mr. Ranjyot Singh, Entrepreneur – SN Foods

 

Details of the Guest lecture:

 

On 12th October, 2017 a budding entrepreneur who is also our alumnus Mr. Ranjyot Singh joined the students of LLIM to talk about his journey of becoming an Entrepreneur. According to Mr. Ranjot, SN Foods was created out of sheer love for food, a dream of two friends, which came together to cater to everyone. Mr. Nalawade being a Chef by profession and Mr. Singh, a Marketing professional- their combination served to be a perfect blend to enter the business of food items and take their love for food at a different level. Gaining knowledge by visiting and working with different manufacturers resulting it to the set of SN Foods. They also designed and created a logo named as Rono, a mascot for the brand, a friend, mate and representative of the values that the SN Foods stands for.

 

He elaborated on the process of sales and its implementation in the market, Market Research, Channel Partners etc.

 

That 1hr 30mins session was a huge add-on to the knowledge of students where he guided the students on how to dream big and follow your dreams of becoming an entrepreneur.

 

We wish from our heart that Mr Ranjot Singh join us for another session in the future.

Topic: Role of Business Analysts in Enterprise Applications Development, Implementation and support.
Date held: 28th Aug 2015 between 10 a.m. to 12 p.m.
Venue: Seminar Room on the 6th Floor, LLIM
Participants: MMS II Semester 3 students.
Guest Speaker: Mr. Mohan Rao

 

Details of the Guest lecture:


The Participants included Faculty members and second year students of MMS. Around 45 students were there during the peak. Mr. Mohan Rao, in his presentation traversed through the need for ERP, evolution of ERP, features of ERP, core and additional modules of ERP, ERP development and implementations stages. He explained the functional role of a Business Analyst and how that analyst is important from identification of the requirement phase to design and development to implementation and support of ERP. Mr. Mohan Rao detailed 24 stages with individual task and responsibilities for each stage to perform the role of a Business Analyst in ERP implementation. He explained how there are three types of role for a Business Analyst, one as implementation partner company, two as end user or customer community and third in development of ERP application and product champion. He highlighted the significance of change management and importance of transformation and cultural challenges.

 

All the four specialization groups of MMS were benefitted by this lecture and it would aid the students to face their technical rounds of placement with confidence. The participation was excellent where students raised questions and understood the immense career opportunities for a Business Analyst.

Topic: My Life My Career
Venue: Room No. 610, Lala Lajpatrai Marg, Haji Ali, Mumbai – 400 034.
Date : 28-09-2015 & 29-09-2015
Time : 10:00 PM to 3.00 PM
Guest Speaker: Mr. NiteshGawade (CEO – EDIFY Labs)

 

Report

 

Mr. NiteshGawade-CEO – EDIFY Labs have designed an initiative for post graduates called “My Life My Career”. MR. Nitesh firmly believes that Shaping the young minds through innovative learning processes, making their schooling years productive, joyous and enriching has always been at the centre of all our activities. The lecture started with a Dream Job Session. The session helped students to understand how corporates recruits their employees. The most important aspect of the program is that it shifted the responsibility of placements from college to students themselves.


Training was conducted for all these students where their potential was identified, personality was analyzed and their interests were unleashed, and at the end, profile mapping was done for them in order to find out their Dream Jobs. At the end of the training all the students were able to find what they were best at and got not only professional information but some life changing insights for their personal lives too.

Topic: Investing in Equities
Venue: Room No. 610, Lala Lajpatrai Marg, Haji Ali, Mumbai – 400 034.
Date : 28-09-2015 & 29-09-2015
Time : 10:00 PM to 3.00 PM
Guest Speaker: Mr. Deepak Joshi

 

Report on “Investing in Equities”.

 

Mr. Deepak Joshi is an Assistant Vice President, dealing in Equities at PineBridge Investments Asset Management Company.

 

The participants included the teaching faculty and Finance students.
The lecture was an initiative of bringing in corporate interface with the theoretical learning that will definitely give our students a firm foundation and a head start over others, when they actually go out in the corporate world post their degrees. He started off with the basics of Investment fundamentals and then on to give various ways of making investment in equities. Further, he shared with them some practical perspectives, particularly in the areas of how to select and invest in equities. He went through the entire process from a practical point of view and did receive a host of questions from the students, which was duly answered and clarified.
It was a good interactive session and a good learning experience for the students as well.

Sr. No

Date

Topic

Organizers Industry Experts UNDER THE AUSPICES OF
1

15-03-2016

Storm 2016 – Tips to solve case study Prof. Deepa Rohit Prof. Bharat Nadkarni Entrepreneurship Development Cell (EDC)
2

22-02-2016 TO 27-02-2016

Business Simulation using iBizSim for 60 students Prof. N Balasubramaniam Prof. PramodeUllal, German Simulations Entrepreneurship Development Cell (EDC)
3

15-12-2015

Business Simulation as innovative teaching tool for the faculty Prof. N Balasubramaniam Dr. Ashok Ullal, German Solutions Entrepreneurship Development Cell (EDC)
4

28-09-2015

Introduction to Business Process using SAP as ERP Prof. N Balasubramanian Mr. Arunjit Chowdhary, EBTS Entrepreneurship Development Cell (EDC)
5

28-09-2015 / 29-09-2015

My Career my life Dr. Arati Kale Mr. Nitesh Gawade Entrepreneurship Development Cell (EDC)
6

28-08-2015

Role of Business Analysts in Enterprise Applications Development, implementation and support Prof. N.Balasubramaniam Mr. Mohan Rao, Independent ERP Consultant, Ramco Systems Limited, India Entrepreneurship Development Cell (EDC)