A financial model represents a company's past and present operations while forecasting future performance. Understanding these models is crucial, as they serve as decision-making tools for businesses. Executives use them to estimate costs and project potential profits for proposed ventures.

During the workshop, students developed a PPP Financial Model in Excel, integrating past, present, and forecasted data. The model was structured into three key components: Input, Output, and Management Summary. By the end of the session, students were able to analyze whether an investment in the project would be viable.

The workshop witnessed enthusiastic participation, with students actively engaging in discussions. The debriefing session highlighted the importance and real-world relevance of financial modeling. The highly interactive nature of the session ensured deep learning and engagement among students.

The workshop introduced students to the CHAMPS framework, which emphasizes Commitment, Hard Work, Attitude, Motivation, Passion, and Self-Discipline as essential qualities for career success. Dr. Kumar explained how these attributes play a crucial role in shaping an individual’s professional journey and how students can integrate these principles into their daily lives to achieve their long-term goals. Dr. Kumar elaborated on the importance of understanding corporate culture, workplace ethics, and industry demands. Real-world case studies and examples were shared to help students align their academic learning with practical industry applications. Additionally, the session emphasized the need for a success-oriented mindset, encouraging students to develop resilience, adaptability, and a continuous learning approach to stay competitive in the ever-evolving job market.

The session not only enhanced their understanding of success principles but also motivated them to take proactive steps towards personal and career growth.

Prof. Yachna Malhotra of I.T.S School of Management took up the workshop and introduced the importance and requirement of Personal Branding in the professional and corporate life.

Initially to get connected with the participants, an ice breaking activity was conducted to make students alert and active listeners for the session.The session was a mix of both the slide show coupled with some interesting activities, engaging videos and online quizzes to make students understand the significance and need of Personal Branding and how to make best use of their smart phones and social media to increase their networking and branding in the virtual age.

The session covered various aspects of personal branding like creating a personal brand statement, identifying target audiences, and using social media platforms to build a brand. The advantages of personal branding like creating connections, enhanced reach, making narrative and leadership building were discussed at length. Some real life examples coupled with video examples were discussed in the class for better connection and understanding of the subject among the audience.

The session concluded with an online quiz on Personal Branding in which all the students actively participated and realized their learning outcomes of the session. Studentsjoy was further enhanced with the virtual certificates they generated based on the scores in the online quiz.

The attendees were enthusiastic and engaged throughout the workshop, asking questions and sharing their experiences related to social media and personal branding.

In the session Mr. Devashish Ghosh shared his journey, how he started his career in one of the leading retail organization Jumbo Electricals in Dubai, but he faced lot of challenges as he is not having good command on English or any other language. So he decided to learn foreign language and he chooses the Japanese language because very few people opt this language.  He further stated that after completing his language course he got ample of job opportunities from various Japanese MNC’s with in India & abroad, as more than 1400 hundred Japanese companies operated in India only.  

According to Mr. Ghosh if student learn foreign languages, it would help them in getting better placements, internship and multiple opportunities to start up their own business ventures. He showed some videos to the students where he showcase how small town students reach to foreign MNC’s by just learning foreign languages.

At last he shared their organization app by which students can learn Japanese language which is free for two months for the students of ITS School of Management and later on if they still want to go ahead, with nominal  payment which will be shared with the concern heads of the ITS School of Management.

The session was followed with question/ answer   round where students proactively participated.  The workshop was concluded by the valuable word of thanks of Prof (Dr) Ajay Kumar who also expressed his opinion on the various aspects of the topic and signing the MOU withErish Consultancy & Solutions Pvt. Ltd.

The workshop commenced with honoring the distinguished resource personMr. Punit G with plant sapling and memento by Prof. (Dr.) Ajay Kumar, Director, I.T.S School of Management.

The event began with a welcome address by Prof. (Dr.) Ajay Kumar, Director, I.T.S. School of Management. Dr. Kumar emphasized the importance of financial stability in modern life and posed reflective questions such as:

What is finance?

What is financial stability?

How can we develop financial stability in our lives?

Mr. Punit began by asking students their reasons for pursuing PGDM, emphasizing the aim to turn failures into opportunities and achieve financial success. He highlighted the financial challenges of balancing income and expenses and shared his journey of realizing, after 13 years, that life is about living, not just earning.He emphasized the importance of setting clear financial freedom goals and understanding the cash flow quadrant: employees value, job security, self-employed individuals focus on independence, investors use money to generate more money, and business owners create systems to build wealth. Mr. Punit explained the ideal path from employee to business owner to investor, focusing on passive income alongside active income. Encouraging students to "earn while they learn" through internships and side hustles, he emphasized starting passive income early for financial freedom.

The session concluded with an engaging question-and-answer round, where students actively participated, asking thoughtful questions and gaining valuable insights, followed by the signing of MOU. This interaction not only enhanced their understanding of the topic but also encouraged deeper critical thinking and financial reflection.

The session was led by Ms. Monica Yadav, a renowned life coach, entrepreneur, and motivational speaker. The aimed to equip students with vital tools for navigating both their personal and professional lives. The session covered a range of life skills, including time management, communication, self-confidence, finances, relationships, career path development, and overall personal growth. She highlighted the importance of time as a finite resource and shared techniques like the Pomodoro method to balance productivity with personal well-being.

Communication skills, both verbal and non-verbal, were emphasized for their role in career and relationship building, with practical exercises to improve active listening, empathy, and conflict resolution. Financial literacy was addressed through budgeting, saving, and aligning career goals with financial planning. A significant portion of the session focused on building self-confidence, maintaining a positive attitude, and using failure as a stepping stone to success. The workshop also underscored the importance of nurturing relationships, managing health, and pursuing continuous learning for long-term growth. Ms. Yadav’s engaging and relatable approach left students inspired and equipped with actionable strategies to improve their personal and professional lives. The session’s holistic approach encouraged attendees to embrace a balanced, fulfilling, and purposeful life.

Key Highlights of the Session:

1. Employee Relations & Industrial Relations
Dr. Bamel provided a clear distinction between Employee Relations (ER) and Industrial Relations (IR). While ER focuses on individual relationships between employer and employee, IR pertains to collective relationships, such as those between unions and management.

To illustrate these concepts, Dr. Bamel cited several case studies:

Maruti Suzuki Manesar Plant Accident and Honda Strike: Demonstrated challenges in managing labor relations and the consequences of unresolved disputes.

New Holland Tractor Company (Greater Noida): Showcased how effective leadership and management practices have prevented strikes for over 26 years, despite the absence of a union.

Historical Strikes: Examples like the Bombay Mill Strike and Indian Railway Strike were discussed to emphasize the critical role of union leadership and collective bargaining in industrial relations.

2. Theoretical Insights: Karl Marx’s Class Struggle
Dr. Bamel elaborated on Karl Marx’s Theory of Class Struggle, explaining the dynamics between the labor class (working class) and employers. He highlighted Marx’s perspectives on the economic and social relationship between the employer and employee, emphasizing:

Fair Wages

Job Security

Employee Well-being

Improved Working Conditions

These principles underpin the upcoming four labor codes that integrate multiple labor laws to enhance governance and employee-employer relationships.

3. Provident Fund Act (EPF, EPS, EDLS)
Dr. Bamel provided an in-depth understanding of the Employee Provident Fund Act, covering the following key aspects:

Schemes under EPF:

EPF (Employee Provident Fund): Focus on long-term savings for employees.

EPS (Employee Pension Scheme): Designed to provide post-retirement pension benefits.

EDLS (Employee Deposit Linked Insurance Scheme): Offers insurance benefits linked to provident fund deposits.

Applicability: Explained the criteria under which organizations must comply with the Act.

Employer-Employee Relationship (Gandhian Guardianship): Dr. Bamel emphasized the employer's moral responsibility to ensure the welfare of employees.

Rate of Contribution: Both employee and employer contributions were discussed, along with the benefits of the schemes.

Governance and Compliance: The role of the EPFO (Employee Provident Fund Organization), PF Commission, and internal PF trusts was elaborated to ensure effective management and compliance.

Salary Components and Exemptions: Detailed the salary breakdown and exceptions under Indian labor laws.

The session commenced with honouring the distinguished resource personMr. Saquib Iqbl with plant sapling and a memento by the Director Dr. Ajay Kumar.Mr. Iqbal started the session with discussion on the concept of cryptocurrencies as decentralized digital currencies, recorded in public ledgers, and emphasized their security through encrypted networks.

Some of the major issues that he highlighted during the discussion were:-

1.      History of Bitcoin, noting that Satoshi Nakamoto introduced it as a peer-to-peer electronic cash system, initiating decentralized digital finance.

2.      He discussed the five main types of cryptocurrency wallets used for storing and managing private keys:

·         Hot Wallet: Requires internet access and allows quick transactions.

·         Cold Wallet: Only connects online for transactions, offering greater security.

·         Desktop Wallet: Software-based and used on personal computers.

·         Web Wallet: Accessed through browsers, offering convenience but with some security trade-offs.

·         Paper Wallet: Physical form for offline storage; highly secure.

·         Hardware Wallet: A physical device for secure, offline storage of private keys.

·         Various types of crypto currencies were introduced, including Bitcoin, Lite coin, Ripple, Ethereum, Zcash, and EOS.IO, with explanations of each currency’s distinctive attributes.

·         The speaker explained the cryptocurrency transaction process, detailing steps such as initiation, verification by the network, and recording on the block chain.

In the end a MOU signing between I.T.S School of Management and 3rd Eye Techno Solutions Pvt. Ltd. This MOU marks the beginning of a strategic partnership aimed at enhancing educational experiences, fostering technological development, and bridging the gap between academia and industry.