The inaugural address was delivered by Dr. Vidya Sekhri, Director Management (PG). She emphasized on the objectives of the topic. She also explains the initiatives taken by the Government of India in various aspects like urbanization, globalisation, banking, manufacturing, agriculture etc along with their challenges.

This was followed by a special address by Shri Surinder Sood, Director (PR). He talked about the role of aspirations, the gap between where we are and our goals, the need for self-driven people, rise in investment rates, etc. He also said that 5 trillion dollar economy is not an impossible dream as it can be easily achieved by the country by 2024.

Shri Arpit Chadha, Vice-Chairmen, I.T.S-The Education Group also pointed out the various facts provided by the Prime Minister as well as the Finance  Minister in support of the fact that a country like India will become a global economic power house after achieving this goal, along with the challenges involved in his address on this occasion.

The Convener of the Conclave Dr. Rajeev Johari gave overview of the Conclave, its theme and agenda he also gave the brief introduction of all the speakers in the panel discussions to follow.

Mr. Yaduvendra Mathur, IAS, Special Secretary NITI Aayog, who was the Chief Guest for the occasion, explained through several facts and figures the steps to be taken by the people of the country for the future development. He also quipped that reality is harsh but can be created as the future depends upon the choices made by the people today itself, quoting several examples.

Finally the Guest of Honour Mr. Vijay Kumar, Director MSME, Ministry of MSME, Government of India shared his words of wisdom. He explained beautifully the working of MSME and also the steps taken by the same. He went on to mention that how MSME is helping and appreciating the entrepreneurs. In conclusion he said that challenge is to grow 8% to 9% every year in order to achieve the long term goals and move beyond the poverty line. The session concluded with the felicitation the guest by giving token of gratitude and respect to all the eminent guest of the day.

During Panel I, Dr. Vidya Sekhri welcomed the chief guests by presenting plant saplings to Mr. Ravi Nandan Sinha (Director, MSME Business Forum India), Dr. Sharad Kohli (Founder and Chairman, KCC Group), Dr. Ganesh Singh (Professor, AIMA) and Mr. Nishant Ranjan(Manager, RBI, Kanpur Division).

Mr. Ravi Nandan Sinha was the moderator of this session. The discussion was started by Dr. Sharad Kohli. He highlighted that it is always good to look at larger objectives. He also pointed out the according to the latest estimates 29% of Country’s GDP comes from MSMEs.

According to him we need to focus on - how Micro will become Small, Small will become Medium and ultimately Medium becomes Large industry. He also stated the reason behind the failure of 90% of the start-ups was the lack of orientation and patience.

Among the other panelists Dr. Ganesh Singh shared his views and stated that awareness is the key to know the avenues for developing our start-ups.

Mr. Ravi Nandan Sinha adding to these points gave a message to the students that talent and strength should be harnessed.

Dr. V. N. Bajpai, Chairperson PGDM, said that achieving 5 trillion dollar economy is not a dream, but rather a reality. Innovation and Technology are the two drivers that will contribute in achieving this dream according to him, also role of individuals is very important to develop such ecosystem.

Dr. Vidya Sekhri, Director (Management), mentioned that in a dynamic world we can see that marketing has totally changed. She also reminded that data protection plays an important role.

Finally Mr. Nishant Ranjan through his presentation shared ideas about offences relating to counterfeiting of bank notes, Detection and impounding of counterfeit notes, the role of thr RBI in currency management and its latest initiatives.

At the end of the first panel discussion, Director Management Dr. Vidya Sekhri presented Memento to honourable Chief guests as a token of respect and honour.

During Panel Session II, Director Management Dr. Vidya Sekhri welcomed the chief guests by presenting plant saplings to the eminent speakers for the session.  Eminent Speakers of this session included Dr M.K. Bajpayee, Co-Chairman, National Educational Policy, ASSOCHAM; Mr Amit Sinha, DGM, RBI Kanpur; Dr Sudha Mysore, CEO, Agrinnovate India Limited, ICAR–IIHR; Mr Rajendra Srivastav(President & Market Business Leader for AES India); Mr Naveen Tandon, Director International External Affairs, AT&T India and Mr. S.P. Yadav, Lead District Manager, Syndicate Bank, Ghaziabad.

The moderator of this session was Dr MK Bajpayee, who started the discussion by stating that India needs integration in all departments.

Followed this Dr. Sudha Mysore shared her views explaining how ICAR had started the policy of innovation.

Mr. Manu Goyal suggested that the problem lies in the implementation of schemes. He said that to implement any policy integration is the foremost thing. According to him mentioned that pillars to grow economy are innovation, integration and implementation.

Mr. Rajendra Srivastava indicated that digitisation is the most important tool that businesses are adopting.

Mr. Amit Sinha from RBI said that the 5 trillion dollar economy goal is difficult but not impossible. The challenges to reach this target are Global Growth, the need for fiscal action, problems in tourism growth and support for the infrastructure sector. The primary objective highlighted in this connection was price stability.

Mr. Naveen Tandon said that the focus needed to be on where are we today and what are the current challenges. The panel discussion was closed with Mr.Tandon saying that communication will help to move business forward.

At the end of panel discussion Director Management Dr. Vidya Sekhri presented mementos to guests as a token of respect and appreciation.

In the end Dr. Indraneel Mandal delivered the Vote of Thanks on behalf of the organisers.

This Conclaveprovided a platform to highlight the various upcoming issues, opportunities and challenges in corporate in coming future. Eminent speakers from Industry and Academia shared their insight and valuable thoughts on various subthemes.  Mr. Dinesh Jain President( Legal& Corp Affairs) Uflex graced the occasion as a chief Guest and Dr. Debi S. Saini Emeritus Professor-HRM , IIM, Ranchi was present as a Guest of Honor. In the very beginning the program was started with inaugural session where Mr. Arpit Chadha (Vice Chairman) felicitated the chief guest and the guest of honour with plant sapling. He also shared words of wisdom and motivation to address the audience. In the inaugural session, Dr. Debi Saini make us aware what AI is actually and how it is helping and intervening in HR and Mr. Dinesh Jain shared their views like what challenges can come with AI listed as which process, Is AI can replace human workforce? He also added no one will be jobless. The Various eminent speakers during the Technical Sessions and Panel Discussion focused on concepts like AI is mainly Augmented Intelligence and we need to work on pace of change. VUCA(Volatile, uncertain, Constant, Ambiguous) is current scenario and how technology will affect various activities by 2030. We need to be ready to unlearn for adapting change. Mundane jobs can be handle by AI. With AI, value plays a key role.In Technical Session 2, eminent speakers gave an insight on topic “Leaders of 2030- Decoding New Paradigm”. Their views were “Leaders will be self, critical & bold.” There are 3 major competencies- Talent development, communication, leading change. The Top Management should be easily reachable for good leadership. Authenticity will have to be come in a big way.In session 3, Panel discussion on topic “Diversity & Inclusive Initiative” speakers enlighten and added in our knowledge by saying that there should not be only Lip Service. We need to be change from D&I to I&D. Inclusion should be worked on as society.At the end Dr.(Prof.) Vidya Sekhri(Director-Management) expressed his gratitude by Presenting Mementos as a token.

Overall session was very interactive and full of practical knowledge and insights shared by them on the topic which we are going to face in upcoming years.

Business Summit witnessed the presence of prominent speakers across the industries on the day.  Major General Dilawar Singh, Director General, Nehru Yuva Kendra Sangathan Ministry of Youth Affairs and Sports Government of India addressed the gathering as the Chief Guest and  Shri Raghavender G.R. IAS, Joint Secretary Department of Justice Ministry of Law & Justice Government of India as  the Guest of Honor . Other renowned experts for the business summit were, Mr. Prashant Sharma, Senior Vice President ,Kotak Securities, Mr. Vinayak Lal  , Senior GM, DS Group, Mr. Avinash Srivastava , General Manager, DLF, Ms. Latika Wadhwa , CEO (Founder), Mompreneur Circle,  Mr. Jyoti Das Business  , Head Asia Pacific, Calvin Klein,  Mr. Akash Sharma, VP – Finance ,Bajaj Hindustan Ltd., Mr. Narendra Kumbhat, Founder Mentor, Virtual  CFO Partners Pvt Ltd.,Mr. Bharat Bhushan , Head (IT& Social Media), Doordarshan,  Mr. Pramod Joshi , CEO, Winning Mantra,  Dr. Shobha Kulsrestha, Corporate Trainer, Mr. Amit Kumar Tanwar, AVP – Business Banking Group, IndusInd Bank,  Ms. Manavika Sharma, AVP –HR, BIS Research, Ms. Margaret Chari, Organization and position : Sports and Recreatio, Commission,  Business, Development and Marketing Manager from Zimbabwe, Ms. Daniela Tello Rioja, CEO and Co-Founder Tinto Libre. Social entrepreneurship on economic vulnerability reduction from Colombia,  Mr. Abdibeshir Said , Lecturer and College registrar head at Haramaya University from Ethiopia. 82 foreign delegates from 35 countries (Ethopia, Jimbabe, Afganistan, Argentina, Kenia, Ghana, Nigeria, Sri Lanka and Columbia etc ) and 60 delegates from corporate & academia registered themselves for Summit. Foreign Delegates & other delegates from Delhi/NCR showed huge enthusiasm by participating till the last session of the Summit. 

The Summit was designed with an inaugural session, keeping focal theme in mind and three different panel sessions focusing on Marketing Practices During Innovation, Customer Engagement Trends in Financial Services, Leveraging Digital HR for Organizational Excellence  

Inaugural session of Summit started with the opening remarks of Sh. Surinder Sood, Director (PR) , I.T.S – The Education Group. He emphasized on the role of digitization for upliftment of unorganized sector, expedition of corporate social responsibility activities of business . Dr. Anusha Agrawal, (Convenor)  discussed an overview and detailed program of the Summit. Dr. Ajay Kumar, Director (Management)  delivered welcome address. He discussed issues related with digital intelligence, digital innovations, company culture and virtual business system with the help of digitalization. Sh. Arpit Chadha, Vice Chairman, I.T.S - The Education Group addressed all representatives from industry, academia, government and educational institutions from India and abroad. He highlighted achievements of the Government plan and programs initiated by Hon’ble Prime minister and role of digitalization in effective utilization of such programs. Guest of Honor Sh. Raghvendra G.R.(IAS) addressed  role of digitalization in globalized economy, copyright treaty, encryption device scheme, new disruptive technology, data mining techniques and financial inclusion in the light of  digitalization. Chief Guest Major General  Dilawar Singh stressed on evolving new business modules, creation of long term strategy with short term project, hybrid model for adopting changes, aggregation vs segregation and inspirational leadership. Finally he energized the audience with the slogan “Nation First and Character Must” and “Jai Hind”.

Session I deliberations were focused upon Marketing Practices During Innovation

Mr. Vinayak Lal  , Senior GM, DS Group was the moderator of the session through out the session he enhanced the spontaneity of the session. Mr. Bharat Bhushan, Head (IT& Social Media), Doordarshan addressed issues based on role of social media in marketing, artificial intelligence and virtual media and how rapidly data getting transmitted on regular basis on the world wide web. Mr. Jyoti and Ms. Margarate Chari  elaborated how to  create a desire for a product, relevance of E- commerce. Mr. Avinash Srivastava focused on augmented reality and virtual reality and prediction of customer need.  He focused upon disruption drivers in form of market dynamics, geopolitical disequilibrium & environmental concerns.

Session II deliberations were focused upon Customer Engagement Trends in Financial Services

Mr. Narendra Kumbhat, Founder Mentor, Virtual  CFO Partners Pvt Ltd was the moderator of the session and thus made it ensure that it provides meaningful takeaways for the audience. Mr. Amit Kumar Tanwar, AVP – Business Banking Group, IndusInd Bank expressed their views on the theme during panel discussion. He specifically pointed out development in last 10-15 years indicating scope of numerous opportunities & innovation in India. He spoke about digital revolution and innovations in Indian Banking Sector. Mr. Prashant Sharma Senior Vice President ,Kotak Securities explained customer online query related with money transfer, check balance, money investment and loans. He emphasized upon customer relationship in era of Digitization & Artificial Intelligence. Ms. Daniela Tello Rioja, CEO and Co-Founder Tinto Libre from Columbia discussed banking sector innovations with the help of digitalization and   enhancing banking efficiency in terms  of sanctioning online and offline loans to the customer in context with the country Columbia. Mr. Akash Sharma , VP – Finance ,Bajaj Hindustan Ltd. elaborated various trends in Financial Services Sector and the factors to keep in mind before investing money.

Session III deliberations were focused upon Leveraging Digital HR for Organizational Excellence  

Dr. Shobha Kulsrestha, Corporate Trainer was the moderator of the session and elaborated process of promotions and increments with effective digital system. Mr. Abdibeshir Said, Registrar, Haramaya University (Ethiopia) expressed their views on contemporary HR issues and role of digitalization in Human Development in Ethiopia. He emphasized upon technology updation of HR fraternity in order to imagine the future, design the future & align the future with the present. Ms. Malvika Sharma, AVP –HR, BIS Research addressed about hiring talent, on boarding process and rewards and recognition process with the help of digitalization. She spoke about digital revolution, virtual organization & challenges related with them. He said that the decision making will be data-driven along with inner gut & feeling in time ahead and intellectual work will be done by machines. Mr. Pramod Joshi, CEO Winning Mantra attempted issues related with interview, employee data and  HR planning  in contemporary age with rapid digitalization. Ultimately entire sessions were highly informative, productive and sensitizing to students, academicians and business professionals. He advised everyone to rethink about the concept of leaders & the leadership in changing times.

I.T.S Mohan Nagar has a rich tradition to organize such events based on contemporary social, business, academic, industrial and other developmental issues in addition to its regular academic, professional and research based activities with its prime objectives of   creating a sense of awareness among audiance and ensuring sincere efforts of the institution for  socio economic  development and thus acting as a catalyst for nation building. Business Summit- 2019 is also a part of the same endeavor to strengthen Industry- Institution- Interface to facilitate competitive and time demanding professional education and to produce business leaders and executives to cater demand of industry, business and society. 

Business Summit 2019 ended with vote of thanks proposed by Dr. Vivek Pachuari.

The Inaugural Session commenced with the welcome Address of Director Management – Dr. Ajay Kumar and during his address he  stated that today digital technology has radically influenced our life and some organizations are already using it in a manner that were never anticipated earlier. Thereafter, Dr. Manoj Kumar Jha presented a Conference Overview to the audience. Director PR – Shri Surinder Sood emphasized on the urgency of determining the extent to which digitalization should be induced in our lives so that the human – human relationship is not taken away from the society.

The Special Guest of the Inaugural Session, Mr. Charudutta Bodhankar, Academic Director of IDRAC, India focused on the role of digital transformation in Entrepreneurship and how students can convert their great business ideas into start-up venture. The Guest of Honour for the Day, Dr. Rakesh Kumar Joshi, Professor and Chairperson – Research, Indian Institute of Foreign Trade, New Delhi, deliberated that growing population of the country should be supplemented with innovative technology so as to leverage the strength of the nation. He also stated examples of various countries where digital revolution had a significant role in the growth of agriculture and thereby increasing the productivity. The Chief Guest Mr. Ashish Goyal, Managing Director Accenture Technologies Ltd. stated the relevance of speed, persuasiveness, entirety, hyper personalization and constant sense of connectivity among students in this era of rapid digitalization.

Theme of Track 1 was Contribution of HRM in Social Innovations and Business Transformation.

Dr. Amita Srivastava, Director, BRENCIS Group chaired this session with opening remark on the need of Social innovations and Business Transformation. Dr. M. K. Jha emphasized on the need of social innovation and differentiated it with traditional approach of resolving societal problems and challenges in isolation and at the same time emphasized on the role of Human Resource Department  in this endeavor. Dr. Urmila Yadav, from Sharda University, Gautam Budh Nagar and Ms. Tarushi & Ms. Simran from Rukmini Devi Institute of Advanced Studies, new Delhi presented their research papers on Role of Value Based Education in Social Innovation and Green HRM respectively. Prof. Shikha Arora coordinated this session with welcoming and introducing the guests and words of gratitude.

Theme of Track 2 was role of Financial sector in Social Innovations & Business Transformation

Dr. Anusha Agarwal set the ball rolling by introducing the topic of the session to the audience. Dr. Ajay Chauhan (Senior Professor, IMT Ghaziabad) emphasised the importance of research for both the students and faculty. He apprised the audience by giving an example of block chain technology and its impact on the finance industry in the future. Second speaker was Dr. Sunil Gupta, Senior Professor (direct taxation and tax planning) IGNOU. He spoke on the topic of various Aspects of taxation individual & corporate. Session concluded with the address of Dr.Uchit Kapoor (Senior Manager ACRC,AIMS New Delhi Chapter& AVP-CLAG, Veritas financial Services New Delhi). He addressed the audience on topic of social innovation for using business & corporate finance, corporate credit, credit management ,syndicate finance, banking and insurance, Behavioural research ,taxation on digital goods, E-auctions.

Theme of Track 3 was Marketing Innovations in Business & Social transformation

The first session of the day was addressed by Dr. Mahua Dutta from NGO-Leeds in Heels, California, USA she apprised the audience with the importance of incorporating social innovation in business practices. The presenters presented their research work on the theme of the session “Marketing Innovations in Business and Social Transformation”. Prof.C. K Aggarwal delivered presentation on role of digitalization on rural development and agricultural innovation, Dr. Lalit Kumar Sharma discussed theme of the track and coordinated the session.

Theme of Track 4 was Role of Digital Transformation in Social Innovations 

Session Chair of this session was Dr. Abhishek Singh, Birla Institute of Technology, Mera. Keynote speaker was Shri Deepak Chaudhary, CEO, Audi Motor

The speaker initiated the discussion on the topic by talking about the digital transformation in automobile industry. He also shared that how enquiry management system and software like emax, facilitates in collecting accurate details about customers   for better service. He shared some very specific examples of various luxurious 4-wheelers.

The session Chair initiated the discussion on the topic by talking about digitalization in the field of finance and highlighted “financial technology” with its applications. He also discussed the advantages of new technologies and how it will help students to gain knowledge about them. Seven papers were presented in this session.

Best Paper Awards in each area were given in valedictory session.

Dr. Vivek Pachauri Co- Convener delivered Vote of thanks to all the guests, management authorities, speakers, presenters, delegates, faculty, staff and students.

The students could have an exclusive opportunity to interact with foreign speakers, resource persons from various institutions and organizations.

AISEC is a global platform for young people to explore and develop their leadership potential. Since their inception, they have engaged and developed over 1,000,000 young people who have been through AIESEC experience. They are a Non-Political, Independent and Not for Profit organization run by students and graduates of institutions of higher education. Their members are interested in world issues, leadership and Management. The internships offered are in the following broad areas: Marketing, Digital Marketing, Sales, Content Writing, Business Development, Graphic Designing, App. Development, Education, Web Development, Education, Accounting and Finance, Human Resources, etc.The recommended countries are: Bahrain, Eqypt, Greece, Indonesia, Italy, Mainland of China, Malaysia, Nepal, Poland, Turkey,  Vietnam and many more.

The Post Graduate students of I.T.S interacted with the team with full enthusiasm and zeal. They were looking forward to opportunities like this in our esteemed Institute and are ready to encash on it very soon.

The conference commenced with an interesting panel discussion on ‘New Challenges of leadership in the Emerging Business Environment’ highlighting the dynamic business environment and direct competition of Public organizations & with agile Private Organizations . Mr. Suresh Sethi, MD & CEO, India Post Payments Bank discussed about Igniting Transformational Change. In this session, he shared insights on how to drive change at a transformational level in the organization with an example of Indian post office system. Mr. Prithvi Shergill Advisory Partner, Tomorrow/Smarten Spaces & Former CHRO – HCL deliberated on role of talent analytics in HR and its implementation in PSEs. A panel on Future Ready PSE Leaders explored into what attributes leaders must have, to be Future Ready. Mr. Stephane Michelin, Chief Executive Officer, Sodexo Benefits and Rewards Services, India,  elaborated the relevance of new-age employee benefits in the digital world to keep a highly motivated and productive workforce. Panel discussions also delved into strategies to engage and motivate employees and how to utilize CSR funds for the growth of a new India by 2022. Ms. Garima Garg Director, Deloitte India shared insights on the future of work and HRs changing role. Mr.D.D Misra, President, "Janm" Trust and Former Director HR, ONGC, had drawn very interesting insights from Indian Mythology, the Ramcharitmanas, focusing on the three attributes of God Hanuman to create learning for employees. Conference also witnessed the launch of ‘A Stranger Truth', book by Ashok Alexander Founder-Director of ‘The Antara Foundation’. He is the man who led the India office of ‘Bill & Melinda Gates Foundation’ from its inception in 2003, until 2012 and created Avahan, which became the best ever private prevention program in HIV, and a model of scaling up health delivery.

In nutshell, the conference was an eye opener on various dimensions of HR as well as PSEs challenges & perspective related to workforce, HR strategies and expectations of all stakeholders including government as one of the key player.

The various expert speakers who deliberated on the theme during the Inaugural Sessions were Mr. Dipankar Chatterji, Chairman, CII National Committee on Financial Reporting; Mr. Jitendra Agarwal, Partner, Deloitte Haskins & Sells LLP; Mr. Amarjit Chopra, Chairman, National Advisory Committee on Accounting Standards; Mr. Amardeep Singh Bhatia, Joint Secretary, Ministry of Corporate Affairs, Government of India. Later there were three panel discussions. The First Panel Discussion was on ‘Indian Accounting Standards-Implementation Issues and the Way Forward’. The moderator for the panel was Dr. Sanjeev Singhal, Member, NACAS and Partner, S.R. Batliboi & Co. LLP and the panelists were Mr. Vijay Kumar, Vice Chairman, Accounting Standards Board, ICAI and Chief Financial Officer, SIFY Technologies Ltd.; Mr. Vijay, Head Controllership and Reporting & Chief Risk Officer, Mindtree Limited and Mr. Sriram Ranganathan, Controller-Technical Accounting, Financial Reporting and Revenue, Wipro Limited.

The Second Panel discussion was on ‘Accounting and Reporting Challenges under the Companies Act, 2013’ which was moderated by Mr. Sunder V. Iyer, Partner-Audit & Assurance, Deloitte Haskins & Sells LLP and the panelists were Mr. Amit Jain, Managing Director, GTI Capital Group; Mr. Sriram G, Chief Financial Officer, Mahindra Comviva and Mr. Deepak Doegar, Regional General Manager, GE Power Generation Services-South Asia. The Third and the last Panel Discussion was on ‘Computation of MAT for IndAS Adopted Companies & Implementation Issue in Income Computation and Disclosure Standards (ICDS)’. The session was moderated by Mr. Rohinton Sidhwa, Partner-Tax, Deloitte Haskins & Sells LLP; Mr. Pallav Gupta, Head Taxation, ITC Limited and Mr. Rohit Gupta, Chief Financial Officer, NIIT Limited. There was special address by Mr. Rajesh Kumar Bhoot, Joint Secretary TPL-II, Central Board of Direct Taxes, Ministry of Finance, Government of India.

The faculty found the Seminar highly informative and useful.