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Indian Institute of Management Indore (IIM Indore) celebrated its 22nd Foundation Day on October 03, 2018. Mr. Arun Maira, Chairman, HelpAge International, (Former Chairman BCG India and Former Member, Planning Commission) was the Chief Guest for the occasion. The event began with a lamp lighting ceremony by the Chief Guest and Professor Rishikesha T. Krishnan, Director, IIM Indore.
Professor Rishikesha T Krishnan welcomed all the guests. Sharing milestone achievements of the Institute in the past 22 years, Professor Krishnan said that more than 5000 students have graduated till now. ‘This year, we also had the privilege to confer degrees to the Five Year Integrated Programme in Management (IPM) and Two Year Post Graduate Programme in Management (PGP) participants. We have also been able to make significant contribution to the management education by writing cases, research work and contributing to research world’, he said. He noted that this is the time to look back and also look forward at the same time. He then shared that IIM Indore has also introduced PGP HR this year and the participants would be graduating in 2020. ‘IIM Indore was also the knowledge partner for this year’s Porter Prize. The Institute has brought the first issue of IIM Insights—keeping in mind research work, and the book translates the research work by faculty members into short forms and columns—easy to understand for the industry’, he said. He also discussed that the Institute is working with the government on various social welfare projects as well and looks forward to achieve many milestones in future.
This was followed by the Foundation Day Lecture by Mr. Maira. He discussed how the nation should achieve sustainability and said that inequality is the biggest problem which causes lack of sustainability. ‘We may be one of the world’s largest economy to be, however, we also have too much inequality. We may have a lot of jobs, but those don’t pay well. This leads to frustration—which increases crime rates. The incomes aren’t equally distributed either. People are either jobless, or aren’t getting sufficient incomes due to inequality in wages. Size of the economy may be large, but pattern of the economy is what matters more’, he said.
Discussing about degradation in environment, Mr. Maira said that cities like Delhi, Gurgaon, Noida are amongst the most polluted cities, and the ground water level is been falling 1 liter every three years—one liter per year in Punjab as well. And these are the cities where 85% of domestic water supply depends on ground water.
‘Capitalism and democracy are two important factors of sustainability—while both of these work on different principals. Capitalism deals with property rights while democracy deals with human rights. However, having such a large democracy, everyone must receive equal importance’, he said while discussing how people with more capital have more power in spite of being a democratic nation.
For having equal lifestyle, business should also be equally distributed, said Mr. Maira. He noted that business should be ‘for the people, of the people and by the people’. ‘The workers and manufacturers should also share the same profit like the producers. There should be equality in distribution—in creating a business which is strongly bonded from the ‘bottom of the pyramid’, he said. He emphasized on ‘inclusive economy’ and said that we need to be innovative and kill the old dead habits for a better future.
‘We seem to be divided in the society with religion, races and cast. It’s time to switch off the smart-phones, shut down the tweets and social media updates and listen to what other person has to say’, Mr. Maira suggested.
He concluded his lecture discussing that leaders may come in various shapes and have their own styles, however; the best leader is the one who takes the first step towards what he desires. ‘Every leader is keen to learn—and learning only works positively when you pull knowledge rather than being pushed to gain knowledge. Hence learn what you wish to learn and know’, he concluded.
On this occasion, Certificates of Academic Excellence were also distributed to the top 5 percentile participants of the combined batch of PGP (2017-19) and IPM (2014-19) based on their performance in the year 2017-18. The certificates were given to 09 participants and 18 participants in absentia.
Best Teacher Award was also given to the following professors along with a citation and a cash prize of Rs. 1 Lakh:
- Gaurav Singh Chauhan
- Amitabh Deo Kodwani
- Aditya Maheshwari
- Debasish Maitra
- Subin Sudhir
The Best Staff Award was given to the following staff members along with a cash prize of Rs. 25,000:
- Mr. Premji Kumar K K
- Mr. Armstrong Andrews
- Mr. Hemendra Sharma
- Mr. Abhishek Soni
- Mr. Pravah Shukla
- Mr. Dinesh Singh Negi
These employees of the Institute who completed their 10/20 years of service were also felicitated:
10 years:
- Prof. Sumit Kumar Ghosh
- Prof. Yogesh Maheshwari
20 years:
- Prof. L V Ramana
- Prof. V K Gupta
- Ms. Anusha Bhatia
- Mr. K P Radhakrishnan
- Mr. Rakesh Kaushal
- Mr. Rameshwar Panchal
- Mr. Armstrong Andrews
The event also witnessed a mesmerizing musical performance by Dr. Deepti Navaratna, International Arts and Cultural Foundation, Bangalore. Dr. Navaratna performed various classical songs which awestruck the audience.
The day concluded with Foundation Day Dinner for the entire IIM Indore community.