Utsav 2018

“You never lose in business; either you win; or you learn”
-Melinda Emerson

‘Utsav’ – a word that carries with it the meaning of delight and merriment at GIM is more than just another event on campus, it is an experience to embrace. For the E-Cell it held a greater meaning as this being their flagship event, it gave the students a sneak peek into the life of an entrepreneur. For the budding businessmen it turned out to be a platform to showcase their entrepreneurial skills and test the waters with their business ideas. For the rest of the GIM community, it was a night full of merry filled with scrumptious food, foot tapping music and stirring games.

Tony Gaskins once said, “If you don’t build on your own dream, someone will hire you to help build theirs”. This thought of doing something different and succeeding at it, is often what pulls many of us to business school. The secret to getting ahead is actually getting started and Utsav 2018 provided the exciting opportunity to reignite the passion and fervour for business.

The quadrangle between the library and the cafeteria lit up with the energy of young entrepreneurs navigating the way through their first business venture. Right from bidding for their stalls, to planning, budgeting, marketing, the stall owners had to do it all.
The stalls displayed a beautiful blend of culture – Kerala’s Banana chips, Pune’s famous Kayani Shrewsbury Biscuits, Pav Bhaji Mumbai style, the famous Goan Ros Omlette, Chicken Afghani and anything else that could be named, the stalls had it all. Adding flavour to the delicious food was music by our in-house band OxyGIM which brought the biggest smiles on people’s faces, adding up on a night to cherish.


“Utsav provided a platform to bring out the entrepreneur in us. I got a chance to meet people I never interacted with earlier. It created not only a fun filled environment but proved to be a great learning experience.”
– Tannya Babbar



“Utsav for me was imbibing the entrepreneurial spirit as well as testing the somewhat present chef skills in me.
It was an evening packed with innovation and delicious cuisines. Tasting the pav bhaji from Mumbai to Ros Omlete from Goa was mouth watering. Students here really pushed themselves to give us a long lasting memory.

Even I did put a stall selling nachos and tarts. Got to learn a lot about the art of selling and attracting customers to atleast attain my break even.”
– Rijul Handa


Mr. Piyush Pandey On Campus- Ribandar Talks

“You are not going to know something completely from day one. You have to be inspired to learn more; and inspiration comes from communication”
– Mr. Piyush Pandey

Goa Institute of Management in association with Ribandar Talks was proud to host the most renowned and talented name in the Indian advertising industry, Mr Piyush Pandey, Indian Advertising Guru and Co-Executive Chairman, Ogilvy and Mather Private Limited.
Accolades are just a synonym with his name as he has won multiple awards for his work in advertising over the years with his Fevikwik and Cadbury commercials awarded as the Advertisement and Campaign of the century respectively. It all culminated for him in the year 2016 when he was honoured with the Padma Shri award for his contribution towards the Indian Advertising Industry.
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Speaking on the topic “Think local and influence a nation”, he emphasised on the fact that advertising is not rocket science and relating his journey through the years with our own lives would help us understand the nuances in a better way.
Further elaborating on the topic, he mentioned how locations play an important role in cultures and said ‘’Respect location and learn from them, everyone has a distinct location and we can learn from them by getting exposed and communicating with each other”. He also explained that he observed what was around him and respected it, which is the reason his Ads travelled everywhere, even abroad and so he wants the young minds to use these locations and cultures around them as an emotion and not as a symbol to garner success like him.

He played a snippet of the advertisements created by him and run by his media house over the years, which included the Fevicol ads in various languages, creating a mood of nostalgia amongst the students. He said that the reason behind these advertisements becoming a runaway hit throughout the nation despite being in regional languages was because, there were no such heavy local nuances present in the ad that might alienate the audience. The primary motive behind localising the theme is not to offend anyone but instead use the opportunity to bring together our cultures and festivities so that the entire country understands the common emotion pertaining to them.


Most of his advertisements have had the strong essence of underlying emotional connect to the audience, which was visible in the next segment that he played which consisted of the ads of Asian Paints, Cadbury and Madhya Pradesh-Incredible India. According to him the local scenarios, which he observed around, inspired all of these ads and he said, “Inspiration is relevant to emotional context, and since we are a country of great folklore and whole lot of other stuff, it is both easy and important to find things that people would enjoy and connect to on a personal level”.

Furthermore he played the famous 5 Star and Centre Fresh ads which sent ripples of laughter across  the audience and also sent the message across that it is not only the location or society that influences an idea but our own memories and sense of humour also play an essential role in creation of the theme for an advertisement.

The final portion had the Times of India, The Hindu and Red Label ads wherein all of them had the theme of challenging the social norms or the ideas prevalent in our society. Mr. Pandey strongly believed that the country is going through a social change and there is a tenacious need of highlighting this shift in ideologies in a positive light.

Following the talk, Mr. Pandey addressed the questions raised by the excited students who were waiting eagerly for a chance to interact with him. On being asked about what breeds creativity he replied, “Creativity is having confidence in yourself, having belief in yourself and not being restricted by our own fear and the society. Being creative means thinking differently which is a healthy habit unless you offend anyone”. Another topic raised was digital media taking over traditional advertising industry on which he commented, “Digital media is just a tool to exhibit stories and is a common vehicle available to all. Just like books are available to every person but few make proper use of it so in a similar manner the effectiveness of a media depends on how you use it”.

He signed off from the event with a final word on significance of creativity, storytelling and emotional connect whilst pointing out that, “It’s not about what things you say in an Ad, what matters is how you say things in the Ad”.

Ayushman Bharat and its implications for universal health coverage in India

We at Goa Institute of management are fortunate enough to be a part of, one of the first of its kind Healthcare Management conclave on “Ayushman Bharat”.

The much awaited day started with an address by our director, Dr Ajit Parulekar wherein he highlighted how the healthcare management program, one of our pet programs has come a long way despite being started just 6 years back and how conclaves and seminars like these are advantageous for the students and the faculty members. He appreciated the amount of exponential growth Goa’s healthcare sector has seen under the leadership of Mr.Manohar Parrikar, chief minister, state of Goa and Mr.Vishwajit Pratapsingh Rane, Minister of Health, Government of Goa. Next he went on to speak about the changes from then to now in the healthcare ecosystem and how developmental schemes like Ayushman Bharat would help us even more.


Mr.Vishwajit Pratapsingh Rane, Minister of health, Government of Goa, give his views cents on the issues Indian healthcare sector is facing right now and how only a collaboration between the government and private sector can solve them. He also gave his insights on how the central government has become more vigilant about the healthcare infrastructure and the recent developments under PMSSY. He emphasised on how GIM, by creating responsible leaders in the Healthcare Management field is doing its bit. Next we had the keynote speaker for the event, Dr.Indubhushan, CEO, Ayushman Bharat & PMJEY, who spoke about how dire the healthcare needs of people in India are and after comparing numbers it was brought to everyone’s notice how India has much higher out of pocket expenditure on healthcare when compared to our neighbours and competitors. Next he spoke about how Ayushman Bharat would be a game-changing scheme and would change the landscape of healthcare management in the country.


After the inaugural ceremony, the conference started with the first panel discussion moderated by Mr.Shaktivel Selvaraj, Senior Health Economist, PHFI India. The panellists for this discussion were Ms.K.Sujatha Rao, Former Union Health Secretary, Government of India; Dr.Ashutosh Raghuvanshi, Vice Chairman, Narayana Health Care; Dr.Indubhushan, CEO, PMJEY & Ayushman Bharat and Mr.Joy Chakraborty. The topic of the discussion was “Ayushman Bharat and its implications for universal health coverage in India”. The discussion revolved around how it is a huge responsibility on various leaders of the industry to aggregate policies and resources in order to accommodate people from all the strata of the society.

This was followed by a second panel discussion moderated by Dr.Ajit Parulekar, Director, GIM and the panellists were, Mr.Puneet Kohli, Vice Chairman, Fresenius Medical Care India Pvt. Ltd; Mr.Ashish Kohli and Mr.Shaktivel Selvaraj. The topic was “Is the healthcare product industry adaptable to the changing healthcare market due to Ayushman Bharat?”. The discussion mainly focused around how there’s 2 players in the healthcare industry: Patients and Providers and how is Ayushman Bharat going to change the bargaining power of these players. Also the speakers spoke about how this is a path breaking and bold step in the right direction and will change the way medical care will be delivered in India.

Diwali 2018

Diwali, a season when festivities and happiness blend around you like fog around a mountain. In GIM it is no less than a spectacle with fun filled moments keeping all the students in a merry mood. This year was no different as RaZzMaTaZz- The Cultural Club of GIM left no stone unturned in keeping the Diwali aura shining around the campus with 3 complete days of Yaaron Sang Diwali.


Day 1 started with the prelims of the much beloved Antakshari competition, as the teams were eager to churn out melodies for gaining that harmonic edge over the others. The contest ran long into the night as the gala feeling took over the contestants as they divulged heartily into the music and merry.

Day 2 started off on even better note as the mighty Narakasura, was revealed much akin to the joy of GIMites. The giant dummy soared over everything and stood as a testimony to the sweat of the students who had spent sleepless nights building it from scratch. The Narakasura was circled throughout the campus and finally placed near the amphitheatre. The highly anticipated DJ Night followed it as everyone danced their feet off without a care in the world. The night ended with the Narkasur burnt as per the tradition followed over years, with the flames roaring into the night sky and forging the beautiful fiery hue all around.



Even with exams on their heads, nothing could keep away this bunch of students from celebrating diwali at their home, away from home! A lot of competitions like rangoli making and diya decoration took up most of our day 3. The evening started with a peaceful and serene Pooja in one of the hostels to kick start the long night of festivities. The event was graced by our beloved director and faculty members as well. A huge pomp and show of crackers followed this bringing into the air the celebratory diwali feeling. From there everyone moved towards the amphitheater for a fun musical antakshari finals wherein students showed off their bollywood knowledge and singing prowess! The cherry on the cake, literally and figuratively was the spread of delicacies for the diwali special dinner, truly reminding all the students of their homes. Diwali being one of the largest festivals to be celebrated in our country was the same here at GIM both in its spirit and its rigour. Students decorated their rooms and dressed up in their best traditional attires to make the event a huge success and a beloved memory!



The social club of our institute,RaZzMaTaZz, spent many a sleepless nights preparing for this event and I know I speak everyone’s minds when I say that they did a wonderful job at it! We hope that this festival of lights enlightened your homes and hearts like it did ours for the years to come!

WIEF IdeaLab 2018

Goa Institute of Management hosted the fourth edition of IdeaLAb, a distinguished 2 day start-up conference that cultivates entrepreneurs and assists in the development of start-up ecosystems. An initiative of World Islamic Economic Forum Foundation Young Leaders Network, IdeaLab for the very first time expanded beyond ASEAN to Goa.

As part of the 25 year celebrations at GIM, multiple high-level events have been planned spanning across the entire academic year.  With Niti Aayog deciding to setup an incubation centre under the Atal Innovation Mission, that incubates start-ups from all sectors nationwide, GIM’s collaboration with WIEF for this event could not have occurred at a better time.

The event began on an auspicious note with the performance of OxyGim Band and the lighting of the traditional lamp by various dignitaries along with Dr. Ajit Parulekar. Tun Musa Hitam, Chairman of WIEF Foundation and Former Deputy Prime Minister of Malaysia delivered the opening address for the event. Introducing WIEF Foundation’s Young Leaders Network, he said, “The most important way of developing a country is developing their economy and WIEF strives to achieve this through the Young India leadership by empowering start-ups and providing key benefits to people who wish to do business but not have ability to do so”.

Highlighting Goa as a hub for the development of a start-up culture, he said, “Goa is proclaimed to be one of the top 25 start hubs in the next few years and it would see an increase in technological innovation. This would lead Goa to go great heights and have successful start-up ecosystem in the next 5 years”.

Day 1

Session 1

Opening dialogue:  SUPPORTING STARTUPS

The opening dialogue was a panel discussion moderated by Ebrahim Patel (Chairman, WIFE YLN) with the speakers Dr. Ajit Parulekar, Mr. Nasser Munjee and Mr. Ameya Abhayankar. They addressed the actions and policies that needed to be implemented and carried out in order to build a sustainable start-up support system that can make Goa a start-up hub in the next five years. The discussion focused on the topic of how baby entrepreneurs could become the next Elon Musk’s or Jack Ma’s of the world through sheer determination. Mr. Ameya quoted, “Goa government has 40-50 start-ups certified and this helps to create an environment and culture of early age successful startups. Additionally, start-ups are successful when their founders have some sort of prior working experience.” Dr. Parulekar commented, “Business leaders are important for startups as they act as guiding light to create innovation and value chain and give them proper lessons on investment and other integral factors.”


Session 2

 The Indian Start up Ecosystem: Bird’s Eye View

This session revolved around the subject of how Start Ups fare in the Indian ecosystem and how they could be supported in a better way. Mr Jatin Chaudhary, Co-founder, eChai Ventures said, “In India we have 20 chapters of EHAI and as many supporting partners in many forums and they give a birds eye view of what’s happening all over the world. They help people get early adopters, stage, audience and online network”.  Mr Gourav Jaswal, Founder and Director, Prototyze added that, “Access to information is the main point for enabling start-ups. Aspiration to thrive and survive will give the confidence to people to be a major contributor. At the end of the day, you need to be smart and understand how much information to process”.  Mr Jose Manuel Noronha, Chairman, GPSC and Goa State Innovation Council, Government of Goa said that, “In USA, success was always associated to Stanford UC Berkeley in the past time. World-class institutions like that are always required to bring out innovation and also society should support these start-ups in terms of monetary benefits etc”.

Session 3

 Angel Investors and Where to Find them

This session revolved around explaining the identity of Angel Investors to the audience. Mr. Sachin Karnik, President, Mumbai Angels Network said, “They are called Angels because they will believe in you at a point of time when no one else will. Most of the people who come to us for seed funding are judged on their weakness, since most people just talk about their success. We like the start-ups who intangibly create that trust, and if you are honest and trustworthy, you will definitely get the funding”. Mr. Rishi Kapal, Global Strategist and Chief Executive Officer, EDUGILD, said that, “First impression is the last impression. There are 4000+ applications/submissions per year so think through what you have done because presentation and quality matters the most”.

Session 4

Start Up War Stories: Fail Fast, Learn Faster

Not every business venture, not every dream is a success and for every great achievement, there are many sacrifices that go behind it. There is a dark side to entrepreneurship – one of failure and rejection – which do not reach the glossy pages of newspapers and magazines

In their session “Startup War Stories: Fail Fast Learn Faster” our panelists Hatim Kantawalla, Chief Product Officer, Prototyze, India and Pratibha Sastry, Founder and Chief Executive Officer, PS: This Matters India, shared with the audience the hardships they faced on their path to success.

Speaking of failure and rejection, Ms Pratibha said, “it’s okay to fail; it’s okay to pick yourself up and move forward because failure doesn’t define you.” Supporting this, Mr. Kantawalla pointed out, “Rejection will happen again and again. You need to learn to handle it; and understand that it is conviction and belief that keep entrepreneurs going, and keeps them in business.”

Anisa Hassan (CEO, Joompa, Singapore) the moderator for the session lead the discussion towards the importance of compatibility – both in terms of what you are doing and who you are working with – in leading a successful business. The fruitful session also touched upon the importance of having a reliable support system and peer mentors to effectively overcome storms coming in the way. “People who have walked the talk are good, but people who will encourage you and walk the journey with you are more important”.


Session 5

Across an Ocean of Startups: Lessons and Opportunities from ASEAN

In this session, the panellists discussed about the growth opportunities existing In Asian countries for start-ups. Mr. Razif briefly explained how the gap between the countries, Malaysia & India, could be bridged because of their diversity & passion towards growth and development. “They are both opportunistic countries” he said. Further, Mr. Norhizam Kadir explained how personality and networking also plays an important role in the entrepreneurship world and discussed the struggles of start-ups, “Start-ups don’t work in fancy buildings, they work in co-working spaces” he stated. Towards the end Becky Kux said, “It’s very important to be focused but don’t fall into the trap of being focused in just one area” while explaining the various reasons why companies fail. She also spoke about different ways to overcome failure and find your way on the path to success. This session gave us insights as to why it is important to embrace failure, take it as another chance to restart and move ahead.


Day 2
Session 1
Start-up Journey and What to Expect

This session revolves around the journey that the Start Ups follow right from incubation and their expectations from the journey. One of the speakers Mr. Chaturvedi said, “The ideation of the startup should begin right from college because such an early beginning would help them gain valuable experience and also the courage to leave well established jobs and follow entrepreneurship”.

Mr Sonpal gave his insights too on the topic and said, “For a Start Up to be successful, first step is customer validation which is the key and all the products have to be made for the customers. Validation plays a major role in fine-tuning these products and customer’s satisfaction makes the validation process viable. So keep your ego aside and be open for feedback because it is a fundamental step. The next step is strategizing the customer management for both B2B and B2C, which would be possible only with proper team dynamics. These team dynamics involve many factors like technology involved and skill of the people”.

Session 2
Starting your business In Goa, India.

This session was conducted by Mr. Ameya Salatry, Founder, Legal Minds, LLP, India. He Spoke about the journey & the struggles of a startup and what it takes to set up a company and take it ahead. “You do not need prior experience or prior turnover for a start-up, just an idea you believe in”, he said.

He explained & informed the audience about the various tax exemptions and reforms a start-up can avail & how government of goa facilitates and encourages start-ups by coming up with various schemes focused on the locals ie. Goans.

He highlighted the Legal considerations for start-ups and said “A lot of people get worried under the pressure of documentations because they feel they are not prepared, but I think we can do even without the lawyers since there is so much information available”

He emphasized on the importance of discipline in an organization that is visible or showcased from day one for any investor to believe in you.

“Discipline is the most important thing, keeping in mind what you aim or target to achieve,” he added.

Session 2
Starting your business In Goa, India.

This session was conducted by Mr. Ameya Salatry, Founder, Legal Minds, LLP, India. He Spoke about the journey & the struggles of a startup and what it takes to set up a company and take it ahead. “You do not need prior experience or prior turnover for a start-up, just an idea you believe in”, he said.

He explained & informed the audience about the various tax exemptions and reforms a start-up can avail & how government of goa facilitates and encourages start-ups by coming up with various schemes focused on the locals ie. Goans.

He highlighted the Legal considerations for start-ups and said “A lot of people get worried under the pressure of documentations because they feel they are not prepared, but I think we can do even without the lawyers since there is so much information available”

He emphasized on the importance of discipline in an organization that is visible or showcased from day one for any investor to believe in you.

“Discipline is the most important thing, keeping in mind what you aim or target to achieve,” he added.DSC_0497-15.jpg

Session 3:
Impact Investing based on Sustainable Development Goals

Quoting Laurence Fink, CEO Blackrock, the speaker for the day Mr. Jan-Cayo Fiebig, General Partner, 3B Ventures, Denmark said, “Every company must not only deliver financial performance, but also show how it makes a positive contribution to society” and that is exactly what Sustainable Development Goals (SDGs) intend to do. He spoke about how leaders around the world are supporting three broad goals – social, economic, atmospheric; India too, supports SEGs and the same can be seen in Goa too. Therefore, understanding the implications of impact investing is of great import.

Defining impact investing as ‘improving the quality of life profitability’ he said that companies look for much more than financial returns. They are geared towards doing good for society, to make a sociable yet profitable impact. There are vast opportunities in this sector – around a 12 trillion of them. Moreover, the best people want to work for the companies that are doing good.

The basic formula elucidated by him was “if you have a business model, supported by technology with founders that are just kick ass then you are creating a company that give you both financial and social returns” and he went on to explain each of these

  • Business Model: Solution must be accessible, easy to use and affordable
  • Technology: technology is becoming more powerful and that is an increasing cost at an exponential rate. The best technology has no manual, is automated and captures data. But u don’t just capture data but also how you access and use this date
  • Mass market: easy to reach and digitally enabled. Business to Customers
  • Founder – Killer team. What does not change is you, the team. He said, “Nourish diversity in your team – a mix of gender, age, religion, geographic – that’s when creativity thrives. If you have the same person then you are missing out on something

Adding to his thoughts, Mr Akash Bhavsar, Chief Architect, SDG Accelerator, India said that “if we are solving the problems that matter, that is when our businesses will succeed”

Advising the students to look into impact investing on SDGs he stated that, “It is a huge opportunity for you guys to look for real world problems and find ways to solve them”.


Session 4
Blockchain 101:Get with the programme

This session revolved around understanding the intricacies of the recently developed ‘Blockchain Technology’, which is necessary in today’s day and age, particularly due to the increasing relevance that it has been gaining. The session delivered by Mr. Abhijith Naraparaju, was very informative in explaining to guests and students alike about this new innovative technology.

The speaker defined ‘blockchain’ as a type of database that takes a number of records and puts them in a block. Each block is then chained to the next block, using a cryptography. He then went on to differentiate between the two types blockchain technology i.e. private and public and the implications of using both of them. The speaker also touched upon the various uses of blockchain technology and certain issues that crop up in the process. Agreeing that not everything can be implemented through blockchain, he spoke about how the use of blockchain is constantly evolving with even sectors like agriculture using it to a large extent.

Session 5
Startup War Stories: Fail Fast Learn Faster

This session revolved around the topic of survival of start-ups and the ups and down which turn up in the wild journey of a start-up. Ms. Sayed, a young and successful entrepreneur from Goa spoke on how setbacks are just stepping-stones to success. She said, “Start-ups are not for weak hearted people because there is a lot of stress involved. Many people consider Start-ups as their baby and fret too much over failures but the way to go forward is not to put too much stress when things are not working out and think over things calmly and most importantly, be positive in extremely positive in the worst of the situations”. She also narrated her journey from selling mangoes for raising funds for her start-up to winning start up competition and changing her destiny all over.

Mr. Tripathi emphasised on the steps to being a well-sustained Start-Up and the pitfalls that come in the way. He said, “Entrepreneurship is very non-glamorous in nature and involves a lot of risk. So we need to choose the category of the start-up and investors who are funding the start-up very carefully because initially things may seem fine but in the long run it may turn out to be bad. Also a sensible entrepreneur is conscious of risk and challenges all his decisions internally”. He also talked about the importance of data modelling and how being data driven helps in taking effective decisions.


Session 6
Big Data and Government Tech

Jan Lambrechts, CEO, CXS International said “if you fail at school it doesn’t mean that you will fail at life”, because we now have a completely new way of looking at talent. Things and industries are developing at a rapid rate; competencies and one’s mind-set is becoming increasingly important. One’s degree is just the beginning to your learning. 90% of universities believe their graduates are ready to work but only 10% of industry believes the same.  You have to match that to you competencies. Learning, he said, is a lifelong process. You have to keep upscaling yourself, keep learning. One cannot remain stagnant with one’s learning; one has to keep at it. Be self-efficient because self-efficacy will allow you to go on a lifelong learning mode. It will let you constantly upscale yourself.

Taking the stage, Mr. Ameya Abhyankar, IT Secretary, Governement of Goa took the session into Big Data Analytics and how it can change the way governments run. He identified five ways in which big data could be used in the government sector:

  1. In the transformation sector – things are constantly changing. Data, he said, can be used to enact this change.
  2. In health care – majority of Indians depend on the public health system which is not very robust. In terms of government interventions here, there is hardly anything that’s been done.
  3. Education – linking the discussion to the thoughts of Mr. Lambrechts, he agreed that companies do not see a readymade workforce due to rapidly evolving technology. Big data can be used to assist in the process
  4. Water – because of global warming and climate change, water is becoming scarce. Big data ought to be used to find feasible solutions to this rather grave problem.
  5. Agriculture – India, being essentially a rural and agricultural economy, he believed that big data can be used to increase the productivity

He opinionated that big data is not just about collecting data but also about its actual implementation. He felt that the analytics focus is missing in the design of forms to collect data and suggested that analysts design forms backwards so the data you collect can satisfy the goal, or find the answer you seek. Date should be collected in order to make sense of the data, to use it to get a meaningful solution. Moreover, he said that we need to create a class of data sites within the government, to identify what data is to be captured, how it is to captured, and how that data should be used to solve problems and all this requires a concerted effort – have data scientists to build structures through which data can be processed.

There were several workshops organised for the students to provide them with insights on how to start on a successful journey of entrepreneurship

Workshop : Team Building

This was an engaging and highly informative workshop conducted by Mr. Ebrahim Patel, Chairman, WIFE Young Leaders Network and Managing Director, TransAfrix Holdings, South Africa.

This session revolved around the importance of a team in an organization and the essentials to build a strong team for any company.

This session gave us insights as to how communication plays an important role in team building and why is it important to create a diverse team and have different minds in a team, how different perspectives can help in team growth and development.

He also mentioned that it’s not just the performance or output that can comment on efficiency of the team but also the competitors, customers and other external factors in the market that can judge the team’s effort.

Mr. Ebrahim stated, “Without a salesperson, you might not have a job” while explaining the significance of a salesperson in an organization. He also emphasized on the importance of every person in the team and how it’s necessary to share your goals and targets passionately with your team so as to build trust and belief in you.

“To succeed, you need a team who have trust in you, who believe in you and are loyal to you, everything else can be learnt”.



WORKSHOP: Founders Anonymous – Entrepreneur Mindset and Innovation

“Through my journey from being the guy who sat quietly in the quadrangle in school and spoke to no one to being here today, in front of you, there is one thing I learnt that an entrepreneur has to do, and that is to have fun!” – Ebrahim Patel, Chairman, WIFE Young Leaders Network and Managing Director at Transafrix Holdings, South Africa

Sharing his thoughts on what he believes is on the mind of an entrepreneur Mr. Patel identified a few key qualities a person starting his own business venture ought to have.

  1. The most important of those, he said, is the ability to see an opportunity in every conversation, the ability to pivot it, use it and adapt with it. An entrepreneur must have a 360-degree view – look at things from every angle, understand where your business is moving and react when necessary.
  2. Adding to the aforementioned qualities, he spoke of the importance of the integrity value system and ethics in being an entrepreneur. One ought to be someone who can give back to society.
  3. An entrepreneur should be determined – determined to grow, succeed, make money, and change the world. He said that if you are not passionate, not determined, not living the life of your business – thinking, eating and sleeping your business, you are not an entrepreneur.
  4. Take responsibility and do not every shy away from it. Your word is very important – if you give your word, you have to do it. Elucidating a personal experience of his, he told the story of him venturing into business. Brought up on his grandfather’s words “if you need to buy something for 100 rupees but you have only 99 rupees and have to borrow 1 rupee, you cannot afford it” his father refused to allow him to ever borrow money. It was only when he promised to repay a 3-year loan in 12 months that his father agreed to let him avail of the loan. That is where keeping one’s word becomes important. Had he not paid the loan within 12 months, he would’ve lost his father’s support into other ventures.
  5. Lastly, he pointed out that being an entrepreneur is no cakewalk. It is a very difficult job because no one understands you. What you see in success stories is at the top of the iceberg; no one sees that entrepreneurship is the hardest thing. During difficult times, an entrepreneur should be able to sit back and say that, “I need time to myself – to think”.

Workshop : Branding : Tanmay Modi

This was an extremely engaging and informative session conducted by Mr. Tanmay Modi, Chief Executive Officer, Private Unlimited India. His session revolved around Branding, its significance and the best practices to engage into and multiple methods to strengthen your brand awareness. “Your brand is what other people say about you when you are not in the room” he quoted explaining how branding and positioning works, the key aspects or touchpoints it affects. Further, he spoke about the role of storytelling in branding and concluded, “We are living in a stage where storytelling is overrated. If the product is good enough, story becomes less important”

Very often, Branding and Marketing are assumed to be the same thing and so he explained very competently the difference between them while breaking the mentioned myth. Moving ahead in the session, he illuminated the essentials to create a good brand namely, Differentiation, Relevance, Esteem and Familiarity. “Your biggest competition is actually indifference” he stated while explaining, with numerous examples, ‘The theory of Impulses’.

Mr. Tanmay imparted a great share of knowledge in a joyful session and advised the audience to “Create cause not Business”.

The event ended off with a note from Dr. Ajit Parulekar and Mr. Ebrahim Patel who appreciated the students for attending the talks and workshops and turning the event into a huge success in terms of value creation. Mr. Patel also praised Dr. Parulekar for reaching out to WIEF and providing them with the opportunity to showcase the IdeaLab event in India. Dr Parulekar reached out to the organising committee and the volunteers for tirelessly working to ensure a hassle free event, thus signing the event off on a high note.


Ethical Data Conclave 2018

“Engineers should learn more about liberal arts and art students should learn more about artificial intelligence to inculcate human values in technology and use AI to a better extent”, said Mr. Bhaskar Pramanik, the keynote speaker of the Ethical Data Leadership Conclave organised by Goa Institute Of Management as a part of the series of events organised to celebrate the 25th year in management education.

The event commenced with an address by Director of GIM, Dr. Ajit Parulekar who welcomed the guests and enlightened them about the recently initiated Big Data Analytics Management Programme. He said that Data Analytics could well be the future in a life transforming way, so keeping that in mind the intake of students for this course would be increased in the upcoming batches to facilitate further growth in the technology sector. He said ” This data conclave furthers GIM’s objective of being a management thought-promoter and providing a platform for cutting edge discussions in emerging business domains such as Big Data Analytics.”

Mr. Bhaskar Pramanik, Former Chairman of Microsoft India, addressed the crowd with much enthusiasm speaking about his fascination with science fiction and how it’s all turning into reality, also highlighting how writers right from Aldous Huxley in the sixties to Harari today have brought into focus the ethical dimensions that these revolutions will or are throwing up. He said “With introduction of artificial intelligence the labour productivity would see an eventual hike but along with that the intelligence and education standards of the workplace would rise too”. He also spoke on the efficient use of AI and safety measures that has to be ensured to keep the technology in check.

This was followed by a panel discussion chaired by Dr. Nitin Upadhyay, core member of the Big Data Analytic programme at Goa Institute of Management which included addresses by the various other speakers invited at the conclave.

Dr Avik Sarkar, Officer on Special Duty at NITI Aayog used the platform to speak about how aspiring states are developing their analytics system and are climbing ranks in the analytics agenda of the government. He described fairness, accountability and transparency as the core values of artificial intelligence as recognized by the NITI Aayog.

Mr. Narasimha Murthy, Vice President of Technology and the Data Security function at Cartesian, coined the acronym CIA for describing data which stood for confidentiality, integrity and availability. He emphasized on the security aspect of data and the requirement of a rigid legal framework to ensure that data is made available to trustworthy people and a stage is reached where everything is secure.

The next speaker, Dr. Rahul De’ is the Hewlett-Packard Chair Professor in ICT for Sustainable Economic Development at IIM Bangalore. He discussed the impact of cloud services on data analytics and how crowdsourcing of massive amounts of data, sharing and backing up of this data was made easier using cloud connectivity.

The final speaker for the event, Mr. Anoop Nambiar is a Partner with Deloitte Touché Tohmatsu India LLP spoke about how data is the new oil and how it’s requirement for modern day businesses are exponentially increasing. He recounted the problems related to AI like natural bias against particular things which come into play while decision making and other ethics related issues and how they could be solved gradually over time.

Dr. Upadhyay as well as the guests and volunteers present in the premises then raised several questions on various facets involved with data analytics which were answered by the speakers with much eagerness.

Prof Neeraj Amarnani, Faculty in Finance area at Goa Institute Of Management delivered the Vote of Thanks and appreciated the guests for attending the conclave and facilitating an insightful discussion on ethics and leadership with relation to data analytics.

Narasimha Murthy
Nitin Upadhyay
Avik Sarkar
Bhaskar Pramanik
Ajit Parulekar
Anoop Nambiar
Rahul Dé

Samriddhi 2018

Samriddhi 2018, as anticipated was larger than ever, marking the 25th anniversary of Goa Institute of Management. Leading speakers from different walks came together in the three days event to impart lessons and share their experiences with the students. This year’s theme was “Synergy- in the world of opportunities” and to talk about the same Samriddhi had some renowned names to be a part of the extravaganza.

The event was inaugurated by the chief guest Mr. Mehul Pandya, Executive Director, Care Ratings and started off with an address by Dr. Ajit Parulekar, Director, Goa Institute of Management who praised the efforts of the clubs involved in organisation and functioning of the event and also wished luck to everyone involved throughout the three days.



Mr. Mehul Pandya

Mr. Pandya has been the Executive Director of Credit Analysis and Research Limited since April 7, 2017. He served as the Chief General Manager of Credit Analysis and Research Limited until April 7, 2017 and has also served as its Chief General Manager of Business Development. Mr. Pandya has more than 20 years of experience in credit risk and financial sectors. He serves as the National Business Co-Head and also looks after new initiatives of CARE Ratings.

Taking students on a walk through the history of how collaboration and synergies have brought people together since times immemorial, he said that “unless countries collaborated, problems would not have been solved. Effective collaboration is not just a concept but a strategic choice that economies and countries have to make.”
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Mr. Snehal Desai

A B.Tech graduate from CEPT and MBA (Fin) from Gujarat University. Mr. Snehal has worked with a Venture Capital Company Promoted by World bank and Asian Development bank named Gujarat Venture Finance Limited. Currently Mr Desai is working as the Senior Vice President at Adani Group. Apart from this he has his own rock band called Blood Brothers.

Speaking on the topic “Functional Synergy among Corporates and Originality”, Mr. Desai advised the students to be free mentally. He said “talent thrives on chaos. Chaos is a must. It leads to originality.” He highlighted the need for uniqueness and originality so as to climb up the corporate ladder; defining originality and intelligence as something that you have never done or seen in life.

Mr. Rohin Pinto

A Management professional with over 9 years of experience across various functions which include Sales, Marketing & Customer Service, Rohin Pinto is currently heading Karnataka OYO rooms.
An MBA graduate from Management Development Institute, Rohin has worked with Bharti Airtel ltd and Tata Consultancy Services. He talked about how hospitality and Real Estate have been reduced to two broken categories and how OYO uses the concept of incorporating Synergy in it, focusing on creating ‘Quality living spaces’.


Day 2

Mr. Puneet Gulati

Mr. Puneet Gulati, CEO Barista-Lavazza talked about the teachings for management which is imperative for anyone to succeed and to survive. Mr. Gulati also said if you’re passionate enough for things in life, in every way you will achieve them. Mr. Gulati also talked about the hardships one has to face in the pathway to success. He walked us through various campaigns he ran while at Aircel and Worldspace and discussed the rationale and insights behind those.


Mr. Ashwin Sanghi

Mr. Ashwin Sanghi, Indian writer in the Fiction-Thriller genre, as a part of Samriddhi 2018, the National Business Symposium, told us the story of his journey in the writing industry. He spoke about how rejections aren’t the problem but the stepping stones to success. “If you consider any creative field as a profession, be prepared for failure. To succeed more, allow yourself to fail more”, he advised all the aspiring creative heads of GIM.

Whlie sharing his experience, Mr. Sanghi stated that 99% of our life is all about good luck which is a matter of preparations, meeting opportunities and the rest 1% is about ‘Bloody Good-Luck’ which is nothing but ‘Coping with Failure’.

Ms. Rakhee Samsi and Mr. Mukesh Mehta

Ms. Rakhee Samsi, Associate Vice President, HR, Idea Cellular and Mr. Mukesh Mehta, Vice President, Aditya Birla Group addressed the students as a part of Samriddhi 2018.

Mr. Mehta speaking on the topic of Synergy and mentioned that for the purpose of Synergy, a connection needs to take place but also people cannot be connected like devices. He added to it that creation of synergy takes place through a combination of common grounds of interest, values and skill set.

Ms. Samsi followed up with that stating that academic excellence does not guarantee personal and organizational success rather collaboration as an outcome of consistent behaviour would lead the person from a journey from I to We and help the person gain a lot of wisdom in life.



Day 3

The third day witnessed lots of events/competitions organized by various clubs and societies. All the events saw immense participation not just from the students of GIM but also from various other reputed colleges from all across the country.

Samriddhi 2018 ended at an even higher note and in a dramatic way, taking its final route  to another level with the cadence of the dhol making not just the students but also the professor to get on their feet and swing to the rhythm. This was followed by an  exquisite display of sky lanterns all over the night sky winding up the event for this year in an electric and energetic way. 41644170_1385971538171914_1385860451769778176_o


His Holiness On Campus

Only India has the ability to combine modern Indian education and traditional Indian knowledge to train the mind and control emotions”
– The Dalai Lama

It was indeed a proud day for GIM as we hosted His Holiness The 14th Dalai Lama as a part of collaboration between GIM and The Dalai Lama Centre for Ethics and Transformative at Massachusetts Institute of Technology (MIT).

The event started off with a welcome address by Prof Ashok Chandra, Chairman of GIM who welcomed His Holiness and stated that it’s a matter of pride for the whole college that a person who believes in the power of ethics and human values had come to enlighten the students of an institution whose core principles are the same too. This was followed by Dr Ajit Parulekar, Director of GIM breaking the news of the partnership between GIM and MIT.

Father Romuald D’Souza then welcomed all the dignitaries present in the crowd and emphasized on the fact that the presence of such honorable men in the institution facilitates quality education and makes us more humane in nature.


His Holiness The Dalai Lama found the tagline of GIM ‘Learning never stops’ quite intriguing and he started off by saying that “Always keep learning, even if it’s the end, learn something because it will create some impact on you”. He reverted to the main topic of the day ‘Today’s relevance of India’s ancient knowledge’ and spoke heartily on it. He said that we people have been running behind materialistic life due to which moral education has dropped drastically. Ancient Gurukuls which were the learning centres of yesteryears had the motto of serving the student in every aspect of the life which is absent in today’s world. He reasoned that humans are social animals and there should be gratitude amongst them, but the lack of this gratitude leads to emotional crisis and the present-day educational institutions do not teach us how to tackle this crisis. This is because it can only be learned through Indian traditions which comprise of secular moral principles and attaining peace of mind using methods like Samadhi and Vipassana as according to His Holiness, “Your tradition is your knowledge, it is now your duty to make it your own”.

Speaking further on the topic of Indian tradition he touched upon the subject of Ahimsa and how it is the basis of dealing with religious intolerance. He said that, “Take some effort to reduce contradiction and eventually eliminate intolerance to show rest of the world that harmony is possible”. Existing education according to him should include ancient Indian knowledge as well as the extensive logical approach called Nalanda tradition so that this learning would be the base of dialogues and fulfill the aim of a peaceful and compassionate sanctuary where all the dialogues are solved through sensible talk. His holiness stressed that holistic learning is an integral aspect of problem solving and said that “Sometimes a problem might appear unbreakable but when the same problem is looked upon from a wider perspective, it starts to look smaller and easier”.



He emphasised on the fact that always being ready to be on the affirmative side of something is not a healthy habit to nurture and the person should analyse and experiment with conviction and then realize the true solution for something. This conviction will provide you with the power of knowledge and can only be attained through determination and truth because according to his holiness, “Power comes from the gun, but in the long run the power of truth is stronger than the power of gun”.

This divulging talk of his was followed by a Q&A round where the students interacted with him and asked questions on varied topics like inner peace, positivity, dealing with negative emotions and his experiences of being the chosen one at such a young age. His holiness answered all the questions with much glee and enthusiasm without a speck of inhibition leading to cheers and applause from the guests, faculty and students throughout the event.

GIMites embraced this chance of interaction with The Dalai Lama and really hope to inculcate his lessons and teachings throughout their life to become a better person and attain the peace of mind to prosper their careers.

An outburst of the soul – Inception’18

During one of the weekends of the beautiful and lovely month of February, the campus of Goa Institute of Management was filled with  wave of creativity, fun and nostalgia with the biggest cultural event of the year, INCEPTION’2k18.


The event, spread over 2 days, was nothing less than a festival in itself. With many renowned artists performing and a lot of enthusiastic people from various colleges participating in cultural competitions, Inception’2k18 was as grand as it can get.



The two – day fun event saw Band Akshar, Sitar and Beatboxer Mansoor and Yashwant, Mesmerizing performances by Amit & Sakshi (Winners – India Banega Manch) and GIM alum Shivam Lamba who had people in splits with his stand-up comedy act.


There were numerous competitions in singing, dancing and the war of bands, which saw colleges across the country battling it out to take home the title of winners.


The sponsors for the event included renown brands like Bira91, Rio Wine Spritzers, Foxrobe, House of Spirits, Tio Tilly’s, Nisara’s, Rocket Burger, Nextech, Helix Tech, Navhind Times, Vallone Wineyards, Grafico and Goa 365.


The show ended on a happy note with fireworks lighting up the sky and everyone enjoying lip smacking food. We look forward to a bigger and better Inception the next year!

Picture Credits – Sprockets 

India Budget 2018: From a Gender Prespective

“Gender equality is more than a goal in itself. It is a precondition for meeting the challenge of reducing poverty, promoting sustainable development and building good governance.” – Kofi Annan

Goa Institute of Management organized a Student Presentation Competition on the theme “India’s Union Budget 2018: An analysis from the Gender Perspective”.


This event was a small contribution towards SDG (Sustainable Development Goals) also known as Global Goals 5 on Gender Equality.


It started off with a simple idea, an idea to make our students abreast with the impact of the union budget on gender equality.14 enthusiastic teams sent their entries. It was a very difficult task for our judges – Dr. Jennifer Lewis e Kamatis, Director of Kamath Infratech Pvt. Ltd and the Chairperson of the Goa Chamber of Commerce & Industry’s Women’s Wing and Prof. Sarita Dsouza, advisor at Resurge Management Consultant Pvt. Ltd.


Finally, five teams were shortlisted to present in front of the judges. The runners up position was shared by two teams – Team: 1. Akash Gupta, Shraddha Agarwal, Kanushree Choudhary and Chetna More and Team 4:  Nikunj Gajera, Reetika Mohindru, Sanchit Nigam and Ramya Gupta.


The team emerged as a clear winner –  Crisanda D’Souza, Roshan Nair and Shweta Chakraborty


We highly appreciate the organizers of the thoughtful event and congratulate all the participating teams.