Indian Institute of Management Udaipur

Indian Institute of Management Udaipur

भारतीय प्रबंध संस्थान, उदयपुर
Type	Public business school
Established	2011
Chairman	Pankaj Patel
Location	Udaipur, Rajasthan, India 24°35′45″N 73°43′38″E / 24.5958631°N 73.727164°E / 24.5958631; 73.727164Coordinates: 24°35′45″N 73°43′38″E / 24.5958631°N 73.727164°E / 24.5958631; 73.727164
Campus	Urban, 253 acres (1.02 km2) proposed
Affiliations	Indian Institutes of Management
Website	www.iimu.ac.in Official Alumni Website

The Indian Institute of Management Udaipur (Hindi: भारतीय प्रबंध संस्थान, उदयपुर), also known as IIMU, is a graduate business school in Udaipur, Rajasthan, India. Established as an autonomous body in 2011,^[1] the institute offers the two year postgraduate programme (PGP), one year postgraduate programme (PGPX) and other management development programmes.^[2] It is one of the seven Indian Institutes of Management set up by the central government during the Eleventh Five-Year Plan.^[3][4][5]

The institute is set in the picturesque backdrop of Udaipur, one of the busiest tourist attractions in India.^[6]

History

IIMs play a leading role in the nation’s managerial manpower development in addition to carrying out research in emerging areas. As role models for other Indian B-Schools, they share knowledge and skills with these institutions to improve their quality in management education.

In 2009, the Indian government decided to start seven new IIMs including IIM Udaipur. IIM U started its PGP programme with 57 students in a temporary campus located at Polymer Science Building, Mohanlal Sukhadia University (MLSU), Udaipur. It also started its PGPX programme with 16 students.^[4][5]

Mr. Pankaj Patel, the Chairman Managing Director of Zydus Cadila, was appointed the Chairman of the Board of Governors, IIMU in January 2016. Mr. Patel is the successor to Mr. C. K . Birla, Chairman of Hindustan Motors and former chairman of IIMU.^[7] Prof. Janat Shah, an IIM Ahmedabad Alumnus, formerly with IIM Bangalore, was appointed as the Institute’s Director in 2011.^[1]

IIM Udaipur was inaugurated on 30 July 2011 by C. P. Joshi, Minister of Road Transport and Highways.^[1]

Campus

IIM Udaipur became operational from 2011 in a temporary campus located at Polymer Science Building, Mohanlal Sukhadia University (MLSU), Udaipur, Rajasthan. Construction has started at the 253 acres (102 ha) of land in the Balicha area of Udaipur, Rajasthan, which have been allocated by the Government of Rajasthan for the institute's new Campus.^[8][9] Honourable Union Minister for HRD, Smriti Irani has inaugurated the campus.^[9] The construction of the new campus would be completed in two phases. The institute will start functioning from the new campus post completion of first phase in April 2016.^[10]

Academic programs

Similar to the other IIMs, IIM Udaipur offers diplomas in management and not degrees. It offers the following full-time academic programmes:^[2]

Postgraduate programme in Management (PGP)

The Postgraduate programme in Management (PGP) is a two-year, regular, full-time residential programme. This is similar to PGP offered by other IIMs. It is the flagship programme of IIM Udaipur. Admission to the PGP course of IIM Udaipur is competitive and is through the Common Admission Test (CAT) conducted each year. The PGP course consists of six trimesters covered over two years. The first year consists of three trimesters covering foundation courses of different business functions. Second year consists of elective courses and have three trimesters. IIM Udaipur offers an elective in the second year "International business and practices" where students get a chance to work on a live project outside India.

The coursework also requires the completion of an internship between the two years lasting for a total of eight weeks. The admissions for the first batch of students for 72 seats was completed through its mentor institute IIM Indore. Third batch of the program was convocated in March 2015.

Post Graduate Programme in Management for Executives (PGPX)

The Postgraduate Programme in Management for Executives (PGPX) is an intensive one-year regular full-time residential programme for aspirants with work experience. It is similar to 1 year MBA programmes offered by other IIMs, ISB, XLRI and other renowned MBA colleges. It is not an executive or part-time MBA. Admission to the course is competitive and is through the GMAT. The PGPX provides students with the same solid foundation in key management concepts and disciplines as a two-year MBA, with similar rigor and grading criteria. A key advantage of the PGPX is that the course work builds on the work experience of the students.

The students spend the fall module in Purdue University, USA for their international immersion segment. Purdue University, founded in 1869, is a highly ranked public university in US. Since its inception, the Krannert School of Management has been recognized as one of the top business schools in the country — its overall master program is ranked #16 worldwide in Business Insider’s Spring 2010 report. In the 2013 U.S. News & World Report ranking, Purdue is ranked #7 in Operations and Production and #9 in Supply Chain Management/Logistics. The coursework also requires the completion of an internship lasting for a total of eight weeks. The students are awarded with both the PGPX Diploma from IIM Udaipur and a MS degree from Purdue. The 15 month dual degree program between Indian Institute of Management, Udaipur and Purdue University is designed to cater to the present industry requirements and equips students to deal with complex supply chains. The admissions for the first batch of students for 16 seats are completed. Second batch of the program convocated this year in March 2015.

Fellow Programme in Management (FPM)

The Fellow Programme in Management (FPM) is an equivalent programme to PhD in management. This highly rigorous programme is for research enthusiasts and future academicians. FPM students receive a full fellowship that covers the cost of tuition, accommodations, other program expenses and a stipend for a living allowance. In 2016, the FPM will be offered in two areas: Marketing and Operations Management. FPM generally has a duration of 4.5 to 5 years. Students first complete rigorous course work covering advanced courses in the area of specialization as well as a review of general management subjects. During this time, students gain experience and mastery in a range of research skills, approaches and methodologies.

Board of Governors

Janat Shah, a fellow from IIM Ahmedabad and the former mentor of IIM Bangalore, is the Director at IIM Udaipur.^[11] CK Birla, the Chairman of CK Birla Group, was the first Chairman of the board of governors for the institute. He was succeeded by Mr. Pankaj Patel, the Chairman Managing Director of Zydus Cadila.^[7] Personalities like Raghunath Salgame, President, CISCO Systems India Pvt. Ltd, Rajendra S. Pawar, Chairman NIIT Limited, Smt. Jyotsna Suri, Chairman and Managing Director, Bharat Hotels Ltd, Burzin Wadia, Executive Vice President, Godrej Appliances Ltd. constitute the board of governors of the institute.^[12]

Campus life

There are many student-run clubs and societies at IIM Udaipur. The student bodies are divided into clubs and societies are managed by the students themselves and are governed by the Student Affairs Council. The following are the clubs and Societies:^[13]

Council of Student Affairs

It is the apex body which controls all the aspects of student life including other clubs and societies.

Academic Council

The Academic Council is an elected body that facilitates the management of the academic system at IIM Udaipur. The Council acts as the interface between students and faculty and is also responsible for course bidding process.

Placements

Many reputed MNCs and domestic Conglomerates visit the campus every year for summers and final placements. The placement processes are governed and facilitated by the Placement Committee.[24]

Clubs

Media and Industry Interaction Cell (MIIC)

The Media Cell serves as the channel between IIM Udaipur and the outside world. The Industry Interaction Cell serves as the single point of contact for all industry related activities at IIM Udaipur. The cell facilitates exchange of ideas amongst students, faculty, and the industry. The cell organizes guest lectures, leadership talks, competitions, scholarships and business conclaves. Recently first TEDX at IIM udaipur was organized by MIIC.

Prayatna

‘PRAYATNA’^[14] is an initiative directed towards sensitizing the future business leaders of IIM Udaipur with their social responsibilities. Some of the major events of the club include Campus Connect,^[15] in which students from local government schools visit IIM-U campus for a career counselling and personality development sessions. Some of the speakers who visited the campus to share their stories of inspiration include Chhavi Rajawat,^[16] Dr.Subodh Agrawal.^[17] Members of Prayatna worked with State government of Rajasthan's project, Gatimaan Prashasan,^[18] a service delivery model

CUL COMM

The Cultural Committee of IIM Udaipur provides the students with an opportunity to display their creative talents. The committee organizes cultural activities like music nights, dance events, dramatics, painting competitions, etc.

ConnectIT

IIM Udaipur’s IT Club, ConnectIT, aims at meeting software and hardware requirements for the campus. The IIM Udaipur campus has access to a 1Gbit/s Optical Fiber Cable network from BSNL, and an additional backup of 5Mbit/s from TATA Network Services. The club members host and manage the college website iimu.ac.in. The supervision of the entire network is also under the ambit of ConnectIt.

Potpourri

IIM Udaipur’s Literary Club, Potpourri caters to activities, which include quizzes, JAM and late night movie sessions. Potpourri manages the Institute’s fortnightly magazine/newsletter which provides a glimpse into life at IIM Udaipur through articles about the institute, and contributions from the students.

ConsultU

Consult-U, the consulting club of IIM-U serves as a channel between Indian Institute of Management -Udaipur and the consulting industry. The club invites leaders from consulting firms to share their experiences with the students. Consult-U organizes case study events and challenges the students to put forward their best strategies. The club is a self sustainable one which through its quality of work attracts stipends from corporate houses in exchange for the business insights and acumen provided by the students through live projects. The club also provides its services to NGOs without charging any remuneration.

LakeSiders

Sports club gives students opportunities for participation in recreational and competitive programs. Sports Club facilitates formation of IIM U representative teams, thus allowing the sportsmen and sportswomen of the institute to participate in events outside the college. It also aims at developing leadership skills by providing opportunities for students in organizing, administrating and problem solving. Facilities include cricket, football, basketball, badminton, dodge ball, cycling and table tennis. The club also organizes intra-college events, most prominent of them being Cricket League of Udaipur(CLU) and Football League of Udaipur(FLU).

Finomina

FINOMINA is the finance club of IIMU. The club’s activities cover concepts including investment banking, equity research, corporate finance, retail banking and micro finance. The club helps them pursue careers in the finance sector by assisting them in preparing for their summer internships and final placements. The club organizes talks with names from within the industry and with faculty from other IIMs.

Finomina has a bi-weekly newsletter to help students keep in touch with the latest developments in the industry. The club encourages students to come up with their own business plans by acquainting them with business concepts through the newsletter. The club endeavors to comprehend and analyze economic reports published by companies like Morgan Stanley and Goldman Sachs. As a part of the club’s initiatives, Finomina will conduct finance-based competitions so as to help students get acquainted with the stock market functioning.

MERC

The committee aims to build the IIMU brand and promote it through merchandise like T-shirts, sweatshirts, mugs, caps, bags etc. It strives to support the activities of other club/committees of IIM Udaipur through merchandise support. MERC has eight members.

Silvertongues

IIM Udaipur joined the list of institutions having their own Toastmasters International chapters with the initial meeting of ‘Toastmasters Udaipur’ that took place on the campus on November 13. The meeting was convened by three experienced Toastmaster mentors: Mr. Sumeet Miglani, Mr. Kaushik Chakrabarty and Mr. Navneet Suneja, who came down from Gurgaon to help with the icebreaker meeting and explain to the IIM-U inductees about what was expected of them now that they had joined the Toastmasters family. They did this by conducting exercises that mirrored the actual structure of a regular Toastmasters session.

This included a demo Prepared Speech from one of the mentors themselves, a round of Impromptu Table Topics and review speeches by students who had earlier volunteered to keep track of all the speakers’ performances, keeping their confidence, grammar and time management skills in mind. The mentors also conducted a Q & A session with the students addressing any personal queries the latter was regarded the chapter and its proposed activities. The initiative for setting up a Toastmasters chapter at IIM – U has been undertaken with the objective of improving the communication skills of the students through leveraging the experience that the Toastmasters Organization provides. The membership number stands at 46 and the activities of this group will be coordinated by seven Office Bearers who would also be the chapter’s liaisons with the rest of the Toastmasters family.

Skein

SKEIN, the SCM and Operations student body of IIMU serves as a platform for the student community to hone their knowledge of the operations and supply chain. The club boosts the skills of students in the field of operations by facilitating industry-student interaction and sharing of ideas. Recently club organized supply chain summit in which various prominent people from the supply chain domain participated.

MESS COMM

The mess committee organizezs food to the students and the staff. Food and mess related issues include hygiene, taste of the food, food variety and nutrition. The Mess menu is changed fortnightly after taking feedback from the batch. Regional dishes are a part of the weekly mess menu, and special dishes for festive occasions and events.

Saksham

Entrepreneurship and Innovation Club.

CodeRED

CodeRED was established to create a vibrant life for the students of Indian Institute of Management Udaipur. Life in an IIM can be at time hectic and tiring with case studies, assignments and midnight submissions.The Club has diverse activities starting from Farewell Parties, Kite flying completion, Quizzes, Races etc. anything that helps students rejuvenate and celebrate life on campus. The club conducts events both as standalone entity as well as in collaboration with other clubs/committees. The Club also is a logistics partner for various other clubs and Committees and provides support for organizing their events.

Iris

The photography club.

MarClan

MarClan’s raison d'etre is to groom the marketing talent of IIM Udaipur and provide a platform for the marketing enthusiasts of the institute to showcase their skills. The essence of this purpose is captured in the name of the club, ‘MarClan’ - a clan of marketing devotees. MarClan is committed to igniting and nurturing a passion for marketing amongst the student community. It aims to do this by bringing the academia, the students and the industry to a common platform through competitions, workshops, industry interactions and various other activities. MarClan's long-term vision is to become one of the most renowned marketing clubs of the country. Samvaah, the annual marketing conclave of IIM Udaipur serves as a platform for industry leaders to share and learn about the current trends in the domain of marketing.

Student Exchange

The institution has links with seven institutes across the world including EDHEC Business School -France, Ecole de Management Normandie -France, FAU Erlangen-Nurnberg -Germany, HHL Leipzig -Germany, EBS Oestrich-Winkel-Germany, WHU - Otto Beisheim School of Management, Purdue University-USA. Students who goes to HHL Leipzig -Germany, EBS Oestrich-Winkel-Germany and WHU - Otto Beisheim School of Management can apply for DAAD for the scholarship. Students of the PGP programme can go an exchange program during the 5th term of the course. The students of the PGPX programme go to Purdue University, USA for their international immersion stint.^[19]

References