Centre for Supply Chain Excellence
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Centre for Supply Chain Excellence
The centre for supply chain excellence at IMI-Kolkata is committed to work in the areas of supply chain, technology and operations management to foster student engagement, corporate partnerships and action-based research. For our corporate partners, the centre for supply chain excellence at IMI, Kolkata is a “one stop shop” conducting the research in collaboration, hiring fresh talent and knowledge-sharing platform to academia and other corporates.
The centre for supply chain excellence is committed to ensure best-in-class results in the following domains:
Research :
Research is a core part of the centre activities. The centre’s cross-disciplinary team of researchers from top universities and organizations undertake the research in the emerging areas of supply chain and contribute to world-class knowledge and practices in the area of supply chain and operations management. Our team at centre, publishes in the top-ranked supply chain, technology, operations and logistics journals.Training & Consultancy:
The centre is committed to undertake the training and consulting services for public and private organizations in the area of supply chain and operations management. The centre also play a dynamic role in the professional development of academics and students in supply chain through workshops and training programs.Partnership & Collaboration:
We constantly identify the research institutions, corporates and supply chain community to develop partnership and interdisciplinary collaboration to advance the activities of centre. We also work with other academic institute, universities and research centres for co-organizing events and develop joint application for grants in supply chain related areas.Curriculum Development:
We constantly reach out to the experts in supply chain and operations domain to understand the market trends and update our curriculum regularly, where improvement in existing courses and inclusion of new courses are the key activities.Team:
- Dr. Sachin Modgil , Assistant Professor- Operations and Supply Chain Management
- Dr. Rohit Singh, Associate Professor- Operations and Supply Chain Management
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Centre for Corporate Governance and Social Responsibility (CCGSR)
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Centre for Corporate Governance and Social Responsibility (CCGSR)
To serve the increasing requirement for training, research and consultancy in corporate governance and Social responsibility, the CCGSR focuses on the following across various sectors.
The global economy has been going through phenomenal turbulence, owing to the US financial crisis, the Euro area debt problems, and apparent concern about asset bubbles forming in some parts of the emerging markets. Although sound macroeconomic management is the domain of the government, and of the regulatory and financial institutions, many of the recent events have been triggered by failures in corporate governance of individual organisations. India has been no exception and has witnessed erosion of shareholder value and stakeholder issues with the existing set of corporate governance mechanisms in vogue.
The Indian corporate governance policies have gone through various stages. In the early nineties Securities and Exchange Board of India was established with jurisdiction over corporate governance issues. Several committees were constituted to provide recommendations on corporate governance, namely the Bajaj Committee, the Birla Committee, the Murthy Committee and the Chandra Committee. The Birla Committee’s recommendations were adopted as Clause 49 of the listing agreement by SEBI, which along with other recommendations, led to increased role of independent directors and strengthening of the audit committee. However, in spite of all these mechanisms, it was not possible to prevent corporate governance failures that have wiped out shareholder value and thrust the future of a growing company into uncertainty. The Companies Act,2013 that replaces the earstwhile Companies Act,1956, has therefore placed greater emphasis on corporate governance measures. There is therefore an urgent need to understand the application and effective implementation of corporate governance mechanisms by the government, institutional investors and corporate managers to prevent corporate failures.
Corporate Social Responsibility (CSR) is also gaining prominence in india The Company Act 2013 has come up with various CSR provisions and mandated spend on CSR for companies that fulfill certain criteria .
The center is actively engaged in research and projects on CSR.
Objectives of the Centre
To serve the increasing requirement for training, research and consultancy in corporate governance, the CCGSR focuses on the following across various sectors:
- Application of corporate governance policies and mechanisms for practising managers;
- Understanding reporting mechanisms in the context of corporate governance;
- Benchmarking of global good practices in corporate governance;
- Approaches to optimising stakeholder value creation;
- Techniques for balancing separation of ownership and control;
- Assessment of state of corporate governance and implications for investors;
- Understand corporate governance issues within the institutional, regulatory, legal context;
- Examine the interplay between the external environment and firm-level governance practices.
- Exploring linkages between CSR and firm performance and various other variables.
Team:
- Prof. Tirthankar Nag ,Professor – Strategy, Innovation and Entrepreneurship
- Dr. Chanchal Chatterjee, Professor – Finance
- Dr. Boudhayan Ganguly, Associate Professor – Management Information Systems and Analytics
- Dr. Sachin Modgil , Assistant Professor- Operations and Supply Chain Management
- Dr. Rohit Singh, Associate Professor- Operations and Supply Chain Management
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Centre for Data Analytics and Research
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Centre for Data Science and Management
The “Centre for Data Science and Management” (CDSM) will be a centre of excellence at International Management Institute, Kolkata. This centre aims at creating value out of data across various domains and imparting the analytical skills to handle data efficiently. CDSM aims at harnessing the power of volume and variety of data for efficacious decision making. The goal is to turn data into information and information into insights that can be readily applied for value enhancement.
CDSM will work in collaboration with stakeholders in academia and industry to promote high quality research, skill up gradation and capacity building.
Need of the centre:
Data science is a process that empowers better business decision-making through interpreting, modelling, and deployment. This helps in visualizing data that is understandable for stakeholders to build future roadmaps and trajectories. Implementing Data Science for businesses is now a mandate for any business looking to grow. It enables companies to efficiently understand enormous data from multiple sources and derive valuable insights to make smarter data-driven decisions. It is widely used in various industry domains, including marketing, healthcare, finance, banking, policy work, and more.
Further speaking about demand, there is an immense need for individuals with data science skills. According to LinkedIn Emerging Jobs Report, 2022, Data Scientist was ranked #4 with 37% annual growth. This field has topped the Emerging Jobs list for five years running. Data from Glassdoor show that the number of data science job openings has been on a constant rise. In 2022, there’s already a 70% rise compared to 2021.
According to Stack Overflow developer survey, 2022 – developer roles, about 12.7% of respondents identify as Data scientists, machine learning specialists or data engineers. The organizational importance of Data Science is continuously increasing. According to a study by marketsandmarkets.com, the global Data Science market is expected to grow to $115 billion by 2023. According to IDC, by 2025, global data will grow to 175 zettabytes. According to AIM Research in India there were 137870 jobs in data science in June, 2021 and witnessed a 47.1% increase in open job requirement as compared to June,2020. India contributed to 9.4% of the total global analytics job opening, a rise of 7.2% in January 2020. In addition recruitment services frim Michael Page India’s “The Humans of Data Science” report revealed that data science will roughly create 11.5 million job openings by 2026. The LinkedIn’s emerging jobs report ranked data science as fastest growing globally and has witnessed a growth of over 650% since 2012 and the market is expected to grow from $37.9 billion in 2019 to $230.80 billion in 2026.
With such huge numbers associated with this field of study, there is a growing need of skilled professionals and conducive growing environment for all the stakeholders. Also, every
organization needs skilled professionals who could wrangle with data and help make
discoveries and ultimately empower organizations to make data-driven decisions.
Vision :
“Transforming Data to Insights”
The “Centre for Data Science and Management” aims at creating value out of data across
various domains and impart the analytical skills to handle data efficiently. The centre aims at
harnessing the power of volume and variety of data for efficacious decision making.
Mission:
As a centre of excellence, CDSM intends to thrive across these 4 pillars:
- Capacity Building: By imparting knowledge of various data science verticals through training.
- Business Solutions:By providing technical and analytical solutions to businesses.
- Research:By building a collaborative environment for data science research.
- Content Development: By collaborating with national/international academic institutes for data science related quality content development.
Activities planned for the centre:
- Conducting collaborative research.
- Seminar/webinar/Expert talks for IMI stakeholders.
- Content development for data Science education..
- Short/long term certificate courses.
- Conducting sponsored events(conferences, conclaves, panel discussions etc.) aligning to the vision and mission of the centre.
- Providing business solutions to industry partners.
- Bringing funded research projects from govt. or non govt. organizations.
- Research patent filing related to Data Science.
Team:
- Dr. Avinash K Shrivastava , Assistant Professor- Management Information Systems and Analytics
- Dr. Ruchi Sharma, Assistant Professor-Management Information Systems and Analytics
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Centre for Financial Services & Research
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Centre for Financial Services & Research
The “Centre for Financial Services & Research ” @ IMI-Kolkata will be a centre of
excellence that will act as an agency for creation and dissemination of knowledge related to financial
markets, financial products and services , financial regulation, in India and globally as well. This
centre of excellence aims to work in collaboration with various stakeholders in the financial services
industry to promote high quality research, skill upgradation and capacity development of finance
professionals.
Relevance of the Centre:
The financial services sector is one of the most important sectors in the Indian economy. The
financial services sector comprises several segments: commercial banks, insurance companies’, new-
age fintech start-ups, non-banking financial companies (NBFCs), co-operatives, pension funds,
mutual funds, small and medium financial entities and recently established payment banks. The
financial services sector accounted for 5.7% of GDP in fiscal year 2019/20 (April-March), according to
the country's Ministry of Statistics. Bank deposits currently make up the bulk of households'
outstanding financial assets (about 56%), followed by life insurance (23%), currency funds (13%) and
mutual funds (7%). However, favourable tax treatment and modernisation of the economy will spur
more people to increase their exposure to securities markets, thus giving a fillip to mutual funds,
pension funds and brokerage firms.
Also, an increase in consumerism, the rising penetration of e-commerce and the formalisation of the
economy will propel the use of cards and digital wallets helping the growth of fintech companies.
India is the 11th largest insurance market in the world, recording US$108bn in total premiums in
2020/21, according to a global reinsurer, Swiss Re. However, most Indians do not have access to
insurance products, with the country holding an insurance penetration ratio (insurance
premiums/GDP) of 4.1%. This is lower than many of its emerging peers, including Malaysia (5.4%)
and Thailand (5.3%). This opens up immense opportunities for both public and private insurers in
India.
The anticipated growth in the financial services sectors opens up a plethora of opportunities for
different stakeholders. However, along with growth, the sector also has to meet many challenges
along this path. The “Centre for Financial Services & Research” would try to highlight and address
these challenges by providing a platform for academicians and practitioners to discuss, deliberate
and identify solutions to the problems faced by the financial services sector. The centre would also
play a pivotal role in fulfilling the need for trained and skilled manpower by organising various
training programmes, skill upgradation programmes and workshops on new and emerging
technologies in the financial services domain.
Vision & Mission:
Centre for Financial Services & Research @ IMI-Kolkata aims to be known as a centre for excellence in professional education, research and consulting in the domain of financial markets and services. The centre will operate through following three fold agenda:
- Creation and dissemination of knowledge through research related to financial markets and services.
- Capacity development of public and private financial organizations.
- Collaboration with industry and other academic institutions.
Objectives and Scope of work::
- Collaborate with financial services organizations and academic institutions of national and international repute for global dissemination of knowledge related to financial markets and services.
- Conduct training programs/workshops for professionals engaged in financial markets and services.
- Conduct national/international symposium/conference/panel discussions/round table discussions on contemporary issues in financial markets and services.
- Conduct high quality research related to various facets of financial markets and services.
- Deliver short/long-term certificate programs in the area of financial markets and services.
- Collaborate with financial market players for bridging the industry-academia gap and explore potential consulting opportunity.
Benefits to IMI Kolkata:
The proposed Centre will help IMI Kolkata in the following ways :-
- Increase the brand perception of IMI Kolkata among the financial market participants ( banks , stock exchanges , depository , brokerage houses , asset management companies , insurance companies , NBFC’s , RBI etc.) by organising seminars , conferences , research colloquiums , guest lectures and training programs .
- Assist in internship program and final placement of students of IMI Kolkata in financial services and allied sectors by leveraging on the relationships built with financial market participants.
- Increase the revenue of the institute by organising short term, long term and certificate programs in financial markets and services.
- Building the competency of the faculty by organising and participating in various initiatives of the centre.
- Improve the ranking of IMI Kolkata in various accreditation scores by increasing industry interaction, diversity of programmes offered, and increasing outreach.
Team:
- Prof. Surendra Poddar , Assistant Professor- Finance
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