Latest news with #IIMLucknow
Hindustan Times
17-05-2025
- Business
- Hindustan Times
Publicise findings of study on Mahakumbh: U.P. CM to IIML director
Uttar Pradesh chief minister Yogi Adityanath has asked IIM Lucknow director Prof MP Gupta to further go deep into their exhaustive study on Prayagraj Mahakumbh 2025 and then publicise their findings at the world's biggest congregation that lasted 45 days earlier this year. Yogi expressed these views during the newly appointed IIML director's courtesy visit to him on Saturday. As per Prof Gupta, the CM said the best practices of Mahakumbh should be widely publicised and all details must be kept in public domain. He further said the CM recalled his and his council of ministers' visit to IIM Lucknow for three days in September 2019 where they learnt and honed their management skills. Prof Gupta also invited the chief minister to visit IIM during the International Yoga Day to which Yogi said he has other prior commitments on that day. Prof Gupta said it was only a courtesy call and there was no discussion on how the B School could play a role in the U.P.'s trillion economy journey. The meeting lasted 20 minutes. IIT Delhi Prof MP Gupta has been appointed as the new director of the Indian Institute of Management, Lucknow (IIM-L), He assumed office last month. Earlier, Prof Gupta was a faculty at the department of management studies, IIT Delhi.
Time of India
17-05-2025
- Business
- Time of India
He waited for his brother's MBA before pursuing his IIM dream!
1 2 3 Ahmedabad: A remarkable tale of two brothers has unfolded in Ahmedabad, where the elder one's dedication enabled his younger sibling's success. After Dinesh Kevlani, 24, completed his studies at IIM Lucknow , his 27-year-old elder brother, Dipesh Kevlani , residing in Naroda, successfully cleared the Common Admission Test (CAT) and received an offer from IIM Shillong this year. "My father passed away when I was 11 years old. My mother raised us brothers, and my maternal uncle has remained the pillar of strength for us, supporting us financially and emotionally. I worked in a footwear shop in my formative years while studying and, since Class 12, got a job as a watchman at a govt-run hospital, which continues to date," recounts Dipesh. Achieving over 80% in both Class 10 and 12, Dipesh enrolled in a commerce college in Naroda for a BCom course. His CAT performance placed him in the 92.5 percentile. Supporting his family with a Rs 19,000 salary, he resumed his educational journey following his brother's encouragement after his MBA from IIM Lucknow. Dipesh subsequently completed MCom from HL College of Commerce. "I am currently working to secure a loan of Rs 25 lakh for the IIM fees. The overall expenses will be about Rs 30 lakh for the course. I hope to take finance as a specialisation. I am also hoping to get calls from other IIMs with fingers crossed," he adds. Another Ahmedabad youth, Suraj Soni from Chaloda village near Dholka, also received an IIM Shillong offer. Born to a peon father and a domestic help mother, Soni demonstrated that determination overcomes obstacles. "I studied in Gujarati medium till Class 12 and then took admission in HL College of Commerce for a BCom degree, where I scored 78%. I did not know much about MBA courses and IIM when I got admission to the college, but several of my group members were taking courses, and I thus got interested. I enrolled in one such class and prepared hard. I am in the 82.14 percentile of students," said Suraj. Similar to Dipesh, he awaits loan approval and additional IIM offers. "Getting into IIM is a dream for anybody, and I believe that my education may help my family," he added.
Business Standard
06-05-2025
- Business
- Business Standard
Rategain Travel appoints Rohan Mittal as CFO
Rategain Travel Technologies said that its board has approved the appointment of Rohan Mittal as chief financial officer (CFO) with effect from 6 May 2025. Tanmaya Das has resigned as chief executive officer (CEO) with effect from 5 May 2025. He will continue to remain associated with the Company in capacity other than Chief Financial Officer till June 30, 2025 to facilitate smooth transition. Rohan Mittal has completed his education from IIM Lucknow (MBA) and Punjab Engineering College (BE, Hons). Mittal brings over 18 years of experience in financial leadership, business transformation, and strategic planning. Most recently, he served as the group chief financial officer at Yatra Online Inc., where he played a pivotal role in listing the company on the Indian stock exchanges. Before Yatra, Mittal held key leadership positions at AllCargo Logistics (AllCargo), His expertise in mergers and acquisitions, fundraising, and financial controllership will be invaluable to RateGain as the company continues to expand its global presence and drive innovation using AI for its customers. Bhanu Chopra, founder and managing director of RateGain, commented, "Rohan's ability to drive growth across businesses and a deeper understanding of turning strategy into action will be key for driving growth at RateGain as we get ready to deepen our commitment for an AI-led future. I welcome him to the team and wish him the best of luck. Rohan will succeed Tanmaya Das who has played a pivotal role over the last 10 years in driving RateGains growth and will be with RateGain till 30th June to help with a smooth transition. The company has also elevated Deepak Kapoor as chief technology officer (CTO), who has played an instrumental role in the development of AI-based SaaS products and cloud-native data and application platforms for the company. RateGain Travel Technologies Limited is a global provider of AI-powered SaaS solutions for travel and hospitality that works with more than 3,200 customers and over 700 partners in more than 100 countries helping them accelerate revenue generation through acquisition, retention, and wallet share expansion. The companys consolidated net profit jumped 39.9% to Rs 56.54 crore on 10.6% increase in net sales to Rs 278.71 crore in Q3 FY25 over Q3 FY24. The counter shed 0.13% to end at Rs 447 on Monday, 5 May 2025.
Economic Times
26-04-2025
- Business
- Economic Times
ProcMart just levelled up: This Noida start-up expands empire with latest packaging facility grab
ProcMart says the acquisition, its first manufacturing investment, enhances its capabilities in the packaging segment, reducing dependence on third-party vendors. ProcMart, a B2B marketplace specialising in indirect procurement solutions, has recently acquired a corrugated box manufacturing facility in Aurangabad, Maharashtra. This strategic move aims to strengthen the packaging capabilities of the Noida-based start-up and increase its in-house production capacity. ProcMart says that the acquisition, its first manufacturing investment, enhances its capabilities in the packaging segment, reducing dependence on third-party ProcMart doesn't own any packaging production facilities but has contract manufacturing partnerships in Faridabad, Baddi, and Rudrapur. The recent acquisition in Aurangabad will be its first owned production facility for packaging. 'Backward integration into packaging production enables direct control over quality and timelines. This facility establishes our blueprint for vertical integration across other product categories and positions ProcMart as a comprehensive procurement partner,' says Anish Popli, Founder and CEO, in 2015 by Popli, an alumnus of IIM Lucknow and NIT Trichy, ProcMart connects buyers and sellers, enabling easy procurement of various products, including consumer goods, durables, automotive, oil and gas, healthcare, and pharmaceuticals. Over the years, the company has expanded its presence to 25 Indian cities and ventured into international markets, including Indonesia and Malaysia. Production capacity The newly acquired plant in Aurangabad has a production capacity of 1,000 tonnes per month, and ProcMart intends to scale up to 2,500 tonnes through additional investments. The expansion has the potential to add up to $150 million in its annual sales. Before the acquisition, ProcMart's contract manufacturing facilities had a combined production capacity of 4,500 tonnes. The company anticipates substantial growth following this expansion—100% year-over-year growth in the first two years and 50-60% growth in subsequent years. Sustainability initiativesThe acquisition supports ProcMart's sustainability goals by utilising biofuel-powered boilers, reflecting the company's commitment to eco-friendly practices and helping clients achieve carbon neutrality through responsible procurement solutions. The acquisition aligns with ProcMart's sustainability initiatives through its use of biofuel-powered boilers, supporting eco-friendly operations and helping clients achieve carbon neutrality goals via responsible procurement practices. Why this acquisitionThe Aurangabad facility acquisition supports ProcMart's vision of becoming a comprehensive procurement solution for enterprises, expanding its presence across major Indian industrial hubs. It advances ProcMart's presence in sustainable packaging and biofuels, complementing its $30 billion MRO (maintenance, repair, and operations) segment solutions. The Aurangabad plant's strategic location enables ProcMart to cater directly to clients in the Aurangabad-Pune-Mumbai corridor and Maharashtra, which will reduce delivery times and lower logistics costs. The acquisition supports ProcMart's sustainability goals with biofuel-powered boilers, reflecting its commitment to eco-friendly practices and helping Fortune 500 clients achieve carbon neutrality through responsible procurement. 'There are about 32-33 clients that we are serving from the Aurangabad area. So, it has become a very strategic location. The other thing that we like about this facility is that it has a scope of further growth. Its sustainable set-up, including biofuel-powered boilers, aligns with our eco-friendly initiatives,' says Popli. ProcMart serves a prominent client base, including 50% of Fortune 500 companies, while prioritising sustainability. The manufacturing expansion enables end-to-end packaging solutions with strict quality control and environmental standards; future plans include deeper penetration in key sectors like MRO, biofuels, utility services, and non-specialty chemicals. Fundraise In April 2024, ProcMart secured $30 million in Series B funding, led by Fundamentum Partnership, a venture capital firm co-founded by Nandan Nilekani and Sanjeev Aggarwal, along with Edelweiss Discovery Fund. ProcMart's funding has reached $43 million, riding on the additional investments from Paramark Ventures, Sixth Sense Ventures, and company serves a diverse range of clients across sectors, including FMCG, auto, pharma, metals & power, healthcare, and consumer durables. HUL, Colgate, Nestlé, Britannia, PepsiCo, Mondelēz International, and Cargill are among some of its clients. The company is targeting Rs 3,000 crore in revenue by FY28. It is also planning to expand to more markets in Southeast Asia and FY24, the company reported Rs 621 crore in revenue compared to Rs 206 crore in FY23. It posted a profit of Rs 0.91 crore in FY24 compared to Rs 2.39 crore in FY23. On the decline in profit, Popli says, 'To drive growth and boost sales, the company increased its focus on manpower and opened warehouses across multiple cities for faster delivery and better supply chain. By strengthening its team and operational capabilities, the company aimed to accelerate expansion and leverage new opportunities.'The long list of clientele illustrates ProcMart's growth narrative. Forvia, a French global automotive supplier, is one of them. 'With Forvia's rapid growth in India, we were on the lookout for a pan-India supplier who can stand with us in our mission to deliver a premium customer satisfaction experience to our customer. We are proud to have ProcMart as our partner in this mission,' says Nillanjan Roy, Group Indirect Purchasing Director at Forvia. Expert view The B2B marketplace sector is booming, driven by digitisation and efficiency gains. 'The B2B marketplace has seen exceptional growth and is expected to reach more than $60 billion in coming few years. The key reason for growth has been driven by technological solutions implemented by the platforms helping customers to get better rates and manage inventory better, helping them improve their working capital,' says Shravan Shetty, MD, Primus B2B marketplaces becoming crucial for companies to connect, source products, and expand globally, ProcMart, as per experts, is well-positioned to benefit.
Hindustan Times
23-04-2025
- Business
- Hindustan Times
Professor M.P. Gupta takes charge as IIM Lucknow's new director
Professor M.P. Gupta officially assumed charge as the Director of the Indian Institute of Management (IIM) Lucknow on Wednesday, 23 April, succeeding Prof. Archana Shukla. A seasoned academic and administrator, Professor Gupta joins IIM Lucknow from IIT Delhi, where he held the Modi Foundation Chair Professor position in the Department of Management Studies. With a distinguished academic journey that began with a from HBTU Kanpur and an and Ph.D. from IIT Delhi, Prof. Gupta has spent decades shaping the management education landscape. After starting his teaching career at IIT Roorkee, he moved to IIT Delhi in 1997 and became a full professor in 2008. He has also served as Head of the Department of Management Studies (2016–19) and Dean (Planning). In 2020, Prof. Gupta played an important role in founding the School of Management & Entrepreneurship at IIT Jodhpur. He is widely known for his work in e-governance and digital transformation, with over 260 research publications, 38 doctoral students guided, and several books and volumes. His research works have directly contributed to national initiatives such as the Digital India and Smart City programs, as per a press statement issued by IIM Lucknow. Prof. Gupta has also contributed to government policy through numerous committees and has served on the jury panels of several national-level ICT awards. His international collaborations include leading an EU-funded project that introduced the FIWARE platform in India, now being used in World Bank–supported smart city pilots. A recipient of the Shastri Indo-Canadian Fellowship and the Best Professor Award at World Education Congress, Prof. Gupta brings a future-focused vision for IIM Lucknow. Under his leadership, the institute anticipates a new era of innovation and academic excellence.
