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FROM THE DIRECTOR’S DESK.........................................................................................................................3

ABOUT IIM UDAIPUR...........................................................................................................................................4

ARTH-SAMVAAD 2014 ..........................................................................................................................................6

COMPETITIONS.....................................................................................................................................................7

ARTH-SAMVAAD ADVISORY BOARD...............................................................................................................8

ABOUT FINOMINA.................................................................................................................................................9

THE BLOOMBERG LAB.......................................................................................................................................10

ARTH-SAMVAAD 2013...........................................................................................................................................11

INDUSTRY INTERACTIONS @ IIMU.................................................................................................................12

UDAIPUR—THE CITY OF LAKES.......................................................................................................................13

CONTENTS

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Ever since the financial crisis occurred in 2008, the world economy has laid great emphasis on financial

management. The need to sustain a profitable business and come out of the financial crisis unscathed has led

organizations to rethink their strategies of managing capital. Capital structure, from being an internal deci-

sion, is becoming more susceptible to the external market environment and has evolved as a source of com-

petitive advantage.

Arth-Samvaad is the flagship event organized by Finomina – the Finance Club of IIM Udaipur. This year

we look at “Financial Management – Cues for the future” where we try to understand the application of

Corporate Finance theory and the nature of Capital Markets in India.

IIM Udaipur has been able to put in place, along with the traditional and necessary disciplines, subjects and

issues that are most relevant to the current times that will help shape future trends. It is imperative that fu-

ture managers get to know of the current trends in the industry and how the various macro and micro-

economic factors interact to affect the way business is done all over the world. Arth-Samvaad is a platform to deliberate on developments in the

world of finance.

On behalf of IIM Udaipur fraternity, I extend a very warm welcome to Arth-Samvaad 2014 & IIM Udaipur and hope you will have an enriching

experience with our students, faculty and eminent panelists.

Prof. Janat Shah

IIM Udaipur

FROM THE DIRECTOR’S DESK

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ABOUT IIM UDAIPUR

Apart from its students, several factors bring out the uniqueness of IIM Udaipur which form an integral part of the students and the curricu-

lum, major of which are:

Rural Immersion

The rural immersion program is a unique program that engages the students to spend 3-4 days in a village

with the aim of understanding the problems faced there, assessing the effect of government and NGO work

and coming up with possible solutions to counter these problems. IIMU has been unique amongst the new

IIMs and is one of the few institutions in the entire country to have such a program up and running for all its

students. It’s a once-in-a-lifetime opportunity to see the true face of India.

International Business Practices

The IBP (modeled on the Harvard Business School’s learning-by-doing approach), involves around 40 stu-

dents who work on live projects in foreign locations for about two weeks. This gives the second year stu-

dents much needed international exposure – thus ensuring IIMU graduates are truly global.

The Student Exchange Program

IIMU was the first among the new IIMs to set up a student exchange program within the first year of its in-

ception. Currently 10 students from the PGP 2012-14 batch are on a semester-long exchange trip to four in-

stitutes in Europe: FAU Nuremberg (Germany), EM Normandie (France), European Business School

(Germany) and HHL Leipzig Graduate School of Management.

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The Women Entrepreneurship Program

IIMU has already begun to come through on its promise of giving back to the society, through the Management

Development Program for Women Entrepreneurs that took place between April and May 2012. The core idea was

to help participants convert their raw business ideas into viable business plans for their proposed or existing busi-

ness or social enterprises.

The Professional Mentorship Program

The IIMU Professional Mentorship program is intended to help students benefit from the knowledge, experience

and hind sight of IIM Alumni, both during their stay at IIMU and beyond. This will be accomplished by providing

each student access to an individual mentor and all students access to a group of mentors, in certain collective set-

tings. This mentorship program is expected to supplement the PGP program as an add-on and help provide a long-

term and broader perspective on career development to the student.

PGPX Dual Degree

IIMU offers a dual degree course in global supply chain management. This is a 15 month dual degree program be-

tween Indian Institute of Management, Udaipur and Purdue University and is designed to cater to the present in-

dustry requirements and equips students to deal with complex supply chains spanning several nations across the

globe. Students will be conferred dual degree – a Post Graduate degree in Supply Chain Management (PGPX) by

IIMU and a MS degree in Global Supply Chain Management by Krannert School of Management, Purdue Univer-

sity, USA.

ABOUT IIM UDAIPUR

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Financial Management: Cues for the future

Arth-Samvaad is the flagship event of Finomina – the Finance Club of IIM Udaipur. Continuing the success story of Arth-Samvaad 2013, the sec-

ond edition of Arth-Samvaad promises an enriching experience through two panel discussions and an inter-college debate challenge. In the light of

recent changes in the economic scenario, an efficient and effective management of capital is imperative for the organizations to accomplish both

financial and strategic objectives. Such management of capital requires raising and allocating capital efficiently. This can be achieved by acquiring

required financial resources from the capital markets and employing good corporate finance strategies. Through the symposium we aim to deliberate

upon the synergies that can be derived through effective financial management.

Panel 1: Capital Markets in India: Infancy, Early Adulthood or Mature?

A well-developed Capital Market is very essential for the stability of the financial system, the efficiency and overall growth of the economy. Capital

Markets enable the mobilization of funds between different segments of the economy. In recent years, the capital markets are becoming very global

and occurrences elsewhere induce fluctuations in the Indian Capital Markets. These global inter-linkages have expedited the rapid evolution of Indi-

an Capital Markets so that they are able to withstand the shocks to the economy from the global markets and remain attractive to the global inves-

tors. One important dimension of the Indian Capital Markets which sets it apart is the composition of its market participants which ranges from re-

tail to institutional investors. Through this discussion we intend to examine the evolution of these markets and their criticality for a successful finan-

cial future. Another aspect of the discussion would concentrate on the development of the different facets of the Capital Markets: Equity and Bond

Markets.

Panel 2: Corporate Finance: Does Practice Meet Theory?

Organizations have to take important financial decisions and set consistent financial goals for having sustainable growth. During the times of eco-

nomic slowdown, there are severe constraints on both demand and supply-side, hence sustainability of the business should be the primary objective

of organizations. Such trying times call for action in an increasingly time-critical setting. The organization now has two choices: It can conduct a

sound technical analysis on the outcomes of the choices made to test their effectiveness; or It can take decisions based on external factors such as

the cues from the markets or the competitor actions.

Through this discussion we hope to examine the preference of an organization and whether Corporate Finance practice indeed meets theory.

ARTH-SAMVAAD 2014

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The Debate Challenge

The aim of this competition is to give a platform to the finest combinations of thought and articulation in the country. This is the biggest competitive

event under the Arth-Samvaad banner and would see some excellent performances from contestants belonging to the premier B-schools of the coun-

try. The motion for the Debate Challenge is: “Policy Choice: Inflation Control or Economic Growth”. The motion has been decided keeping in mind

one of the burning issues facing policy makers and industrialists alike in India today. Participants from premier B-schools would be screened

through online rounds and the finalists would be invited to Udaipur to attend Arth-Samvaad 2014 and present their cases to win the grand prize!

Build-up Events:

The Great Quizzing Challenge

This will be a three phase online quizzing challenge focused on the financial world where prizes will be awarded to the colleges that get the highest

scores at the end of the challenge, and to individual winners as well. Being a three-phase quiz competition, it will see only the best make it to the top

and the league rankings will generate inter-college competition of a new dimension.

The Technical Paper Writing Challenge

The aim is to give the researchers of the country a chance to prove their mettle. Entries will be invited on specific topics and will be judged by some

of the most experienced faculty of finance.

Traders, Ahoy!

A common feature of all finance events in the B-School community, this one is no different, or maybe, it is! Details cannot be divulged now. But

one thing is guaranteed, it is going to be exciting!

COMPETITIONS

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Prof P C Narayan holds a Bachelor's degree in Engineering from the National institute of Technology Trichy, an MBA

from XLRI, Jamshedpur and a Ph.D. from the Indian Institute of Technology, Madras. He has also completed the Ad-

vanced Management Program at IFAP Rome, Italy. Prof. Narayan has a rich and varied experience in the industry for

over two decades, spanning several countries predominantly in the area of finance and banking as well information tech-

nology related to financial services. He is a faculty member in the Finance & Control Area at the Indian Institute of

Management, Bangalore (IIMB) and an adjunct faculty at the Indian Institute of Management Udaipur. His expertise

and research interests span corporate finance, international finance, risk management, and banking (including monetary

policy & regulation).

Prof Uday Damodaran holds a Bachelor of Science degree in Physics, an M. Stat from Indian Statistical Institute, Delhi

and Fellow Programme in Management from Indian Institute of Management, Bangalore. He has held faculty positions at

the Indian Institute of Management Udaipur, Indian Institute of Management Kozhikode, Goa Institute of Management,

Xavier Institute of Management Bhubaneswar and XLRI Jamshedpur. Prof Uday Damodaran has authored, co-authored

and presented papers and on-line courses. His area of interests includes Security Analysis, Portfolio Management, Risk

Management and Stochastic Analysis. He has been a member of the team for several consultancy assignments where he

has been a part of Project Planning, Restructuring team, appraisal team and coordinator for research team.

Prof Utkarsh Majmudar holds an FPM degree from Indian Institute of Management, Ahmedabad and a PGDM from

Indian Institute of Management, Lucknow. His area of interest include Financial Modeling, and Valuation; Corporate

Finance; Mergers and Acquisitions. He has authored article ‘Price performance of initial public offerings in India’ for

India Today.

ARTH-SAMVAAD ADVISORY BOARD

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“The core ideology behind Finomina, the Finance Club of IIM Udaipur, is to nurture interest and create awareness

among students about the financial services industry. The club’s activities cover domains ranging from investment

banking, equity research and corporate finance to retail banking and micro finance. Finomina aims to promote student-

industry interaction by organizing knowledge sessions with reputed names from the industry. The Club’s quarterly

magazine “Arthaarth”, probes and publishes articles on current financial and economic environment. Finomina has

conducted several events within the campus such as Open Outcry, Con-Operate, Quiz-finatic and stock market chal-

lenges.

Fin Talks at IIM Udaipur are a series of interactions with finance bigwigs and academicians from

around the world. As part of the series, the club has hosted an interaction with noted corporate valua-

tion expert, Prof. Aswath Damodaran, NYU Stern; Mr. Ramesh Venkat CEO – Reliance Private Equity

and has more interactions lined up for the future. Apart from these, Finomina also organizes

Arthgyaan, a series of academic sessions on specific topics in finance, like Financial Accounting, Ratio

Analysis, Corporate Finance and Valuation.

ABOUT FINOMINA

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THE BLOOMBERG LAB

When it comes to getting information on anything finance at your fingertips, nothing beats the powerful

Bloomberg terminals which are used by professionals across various industries, all over the world.

Combine that with the fact that IIM Udaipur boasts of the largest Bloomberg lab (with 11 terminals!) in

any educational institute across the country, and you have a formidable concoction to churn out vast

amounts of finance-related data.

Whether it be numbers pertaining to company financials, prices of various equity instruments (stocks,

mutual funds and the like), past and future trends of a plethora of debt instruments (bonds, debentures,

CDs) or any information on derivatives (and the list goes on and on…!), these terminals really come in

handy. They enable you to export any data of your choice to various formats (Excel, PDF), create and track portfolios and even carry out live

trading (once the feature has been activated through a Bloomberg associated broker). In short, the Bloomberg terminals are nothing short of a ha-

ven for those seeking out finance ‘gyaan’!

Now let’s cut to the chase and here’s what we at IIM Udaipur have done with our Bloomberg lab:

Leveraged these terminals to prepare for the Bloomberg Aptitude Test (BAT) which was conducted at our institute for both the pioneer

batch as well as the PGP 2012-14 batch

Through our tie-up with RAS Analytics, which is based out of Udaipur, a set of students have been consistently using these machines to

carry out their live projects on a weekly basis

We had Mr. Nilesh Naik from L&T Investment Management grace us with his presence and enlighten us with an overview of the mutual

funds industry, the different industries and professionals who use the Bloomberg terminals and finally end the session by assigning com-

prehensive projects to the students (in groups). We are now in the process of further unlocking the power of these terminals to work on

these projects.

Looking forward to the future, we will be tying up with more firms for bagging some of their coveted pro-

jects which rely heavily on financial data. Integrating the usage of our Bloomberg lab into our very course

structure, to ensure better and more consistent asset utilization, is also on the cards.

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The inaugural edition of the event was held in March 2013 with the theme “Are Indian Businesses decoupled from the rest of the world”. The event

featured a panel discussion and an inter-college presentation challenge which witnessed participation from IIM Shillong and NITIE. The event was

sponsored by Yes Bank and co-sponsored by Rajasthan State Mines and Minerals, Electra and Licra. The promotional partners for the event were

Lenovo, Pizza Hut, KFC and UB Life.

The key note speaker for this event was Mr. Nipun Mehta, Founder & CEO at BlueOcean Capital Advisors. Our list of eminent panelists included

Mr. Mahesh Tahilyani, Group Finance Controller, Shapoorji Pallonji; Mr. Nitin Parekh, Group CFO Zydus Cadila, Cadila Healthcare Limited; Mr.

Manish Vora, President & Regional Head- Gujarat, CIIB, Yes Bank; Mr. Ramesh Bhat, Former Professor, IIM Ahmedabad; Mr. Makarand Padal-

kar, CFO, Oracle Financial Services; Mr. Deepak Doegar, CFO, GE Energy India.

ARTH-SAMVAAD 2013

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INDUSTRY INTERACTIONS @ IIMU

Leadership Summit 2013

The Media and Industry Interaction Cell of IIM Udaipur presented its annual flagship event, "The IIM Udaipur Leadership Summit 2013" on the

3rd of August, 2013 . The event serves a platform for global leaders to share their opinions and views through engagement in a panel discussion

with global academia and laureates. Some of the leaders who made their presence for this year's event are Mr. Ashok Chawla, Chairman, Compe-

tition Commission of India, Mr. TCA Ranganathan, Chairman & Managing Director, EXIM Bank, Mr. Hardeep Singh, Senior Vice President ,

Bharti WalMart, Mr. Amit Sharma, Vice President, IBM India and South Asia, Mr. Sudhir Shetty, COO, Xpress Money and UAE Exchange, Mr.

Sandip Sen, Global CEO. . The umbrella theme for Leadership Summit 2013 was “Need to Redesign”.

Spandan 2013

The Indian Institute of Management, Udaipur (IIM Udaipur) successfully organized its first edition of the HR Conclave"SPANDAN'13", on

20th October, 2013 at the Sheraton Udaipur Palace Resort bringing in the HR experts across the industry under the common platform. The key

note speaker for the day was Dr.T.V. Rao. He is regarded as "The Father of Indian HRD" and the founder of the 360 degree feedback sys-

tem. Keeping in line with the latest trends, the theme for the event was "Transforming HR for new Business Priorities". The Mr. Krish Gane-

san, VP- HR at TCS , Kevin Freitas, Director- C&B HR Operations at InMobi, Ashok Reddy, President, Infotech and Dr. Pallab Bandopadhyay,

Director HR at Citrix systems took the stage for the first topic "Changing Business Outlook towards HR Practices". The post lunch session

had a panel discussion on "The Role of Change Management with Increasing Globalization" in which Mr. Ganesh Ramakrishnan, Senior

Director-HR at Oracle Financial Services and Medha Jain, Talent Manager-Asia Pacific at Axalta Coating Systems shared their experiences with

the students of the institute.

E-Commerce Excursus 2013

The Indian Institute of Management Udaipur successfully organized the first edition of the “IIM-Udaipur E-commerce Excursus” on 23rd No-

vember, 2013 at the institute. Focusing on the importance of innovation, the theme for the summit was “Shifting Gears: New trends in E-

commerce”. The Conclave encompassed a Presentation Challenge and a Panel Discussion. The Presentation Challenge comprised of a competi-

tion amongst student teams presenting solutions to issues faced by the Indian E-commerce firms. The inaugural speaker for the event was Mr.

Srikant Gokhale, the Founder & CEO of East Avenue, a global research company and the panel comprised of Hitesh Oberoi, Managing Director

and Chief Executive Officer at Info Edge (India) Ltd and Naukri.com; Pranay Chulet, Founder & CEO of Quikr India Pvt. Ltd; and Manish

Godha, CEO and Founder at Advaiya Solutions Pvt. Ltd.

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The City Palace museum

It includes the Mor Chowk, with its lavish

mosaics of peacocks, the favourite Raja-

sthani bird. The Manak (Ruby) Mahal has

glass and mirror-work, while Krishna Vilas

has a remarkable collection of miniatures.

The Lake Palace It was built in 1743-1746. Situated on Jag

Niwas island in Lake Pichola, It was origi-

nally built as a royal summer palace, but is

now a luxury 5 Star hotel.

Sajjan Garh (Monsoon Palace)

Constructed by Maharaja Sajjan Singh, orig-

inally an astronomical center, it later became

a monsoon palace and hunting lodge.

Jagdish Temple Maharaja Jagat Singh built this intricately

carved Indo-Aryan temple in 1651. It en-

shrines a black stone image of Vishnu as

Jagannath. A brass image of Garuda is in a

shrine in front of the temple.

Jag Mandir Jag Mandir is an island in Lake Picho-

la which is known for its garden

courtyard.

Crystal Gallery Maharaja Sajjan Singh ordered this

rare crystal from F&C Osler & Co in

England in 1877; he died before it ar-

rived, and all the items stayed packed

up in boxes for 110 years.

Fateh Sagar Lake/ Nehru Garden Originally built in the year 1678 AD,

this was later on reconstructed by Ma-

harana Fateh Singh. Nehru park situat-

ed in the middle of the lake, covers

about 41 acres with flower gar-dens

and a lily pond.

Vintage & Classic Car Collection

A fascinating visit for car buffs, with

22 splendid vehicles, including a 1938

Cadillac with modifications for pur-

dah and the beautiful 1934 Rolls

Royce Phantom used in Octopussy.

UDAIPUR-THE CITY OF LAKES