It has become a cliché to call Bangalore the “Silicon Valley of India” – or even Asia. Still, it’s impossible to deny the similarities.
Bangalore – or Bengaluru – India’s startup and tech hub boasts a GDP of $110 billion, matching the economic output of Morocco as a whole. The region has gobbled up almost 60% of India’s startup funding from 2020 to 2020, with more than a third of India’s IT professionals calling it home. From 2019 to 2021, the city attracted $17 billion in seed funding – and Karnataka raised $29 billion as a whole. Bangalore has also produced 39 unicorns. That number may be dwarfed by the 220 unicorns grown in the Bay Area-Silicon Valley corridor. However, Bangalore is expected to grow another 46 unicorns over the next 2-4 years according to the Hurun Research Institute. This includes Polygon, which had already raised $450 million in funding in the first quarter alone!
A CORPORATE MAGNET
Yes, Bangalore is the place to be. Indian biotech companies? Bangalore is home to half of it. Company headquarters? Try Infosys, Wipro, and Flipkart to get started. Headquarters of the country? Here are some companies that operate out of Bangalore: Amazon, Microsoft, Google, Dell, IBM, Goldman Sachs, Accenture, Deloitte, Ernst & Young, Oracle, KPMG – well, you got the gist. And that’s not counting R&D centers for companies like Samsung, Cisco, Boeing, Walmart, Adobe and General Electric. Thanks to significant investments from investors and governments, Bangalore is a global force in sectors ranging from aerospace and telecommunications to artificial intelligence and cloud computing.
Sprawling industrial parks and traffic jams, boutiques on Brigade Road and restaurants along St. St. Mark’s Road – a place home to over 100 languages and nearly 13,000 millionaires: this is Bangalore. And did I mention the free wifi?
Get rich, advance or gain experience. Jobs, Expertise, Opportunity, Connections. You can have it all in Bangalore. Despite being the 5th largest metro in India, Bangalore has nearly 900 institutions of higher learning, more than any other city. This includes more than 100 engineering colleges and nearly 100 institutions offering graduate business courses. For the latter, the best known and most prestigious of the group is the Indian Institute of Management in Bangalore. Ranked as the #2 graduate program in India by The Financial Times, IIM Bangalore is differentiated by its scale and distinction. This includes a stellar faculty comprising over 150 experts, researchers, and practitioners, not to mention a wealth of choice. In total, the school has 1,200 students across its various business graduate programs, allowing MBAs to tap into a large network of high potentials. When it comes to the one-year EPGP (Executive Post-Graduate Program), the return on investment is high. Within three years of graduation, EPGP graduates earn more than their American counterparts from Cornell and Duke – with a 67% jump between pre-EPGP and post-graduation pay. All of this comes with a deep immersion into the inner workings of the greater Bangalore community.
ACCESS TO EVERYTHING
Lokender Singh Rathore moved to Bangalore after 10 years in the Indian Navy, where he attained the rank of Lieutenant Commander. Prior to that, he worked as a management consultant for Deloitte. For him, the school’s resources, coupled with its location, are perfect preparation for his long-term plans to move into operations and program management.
“IIM Bangalore is located in Silicon Valley in India and has produced most unicorn businesses in India,” he said. P&Q. “NSRCEL, a start-up incubation cell at IIM Bangalore, offers many opportunities to experience the ‘hustle’ culture and learn from one of the country’s top entrepreneurs. In today’s world In today’s rapidly evolving digital infrastructure, it’s extremely important for all organizations to instill innovation and a start-up mindset to support growth and profitability, often referred to as intrapreneurship. Therefore, it is imperative that all MBA graduates learn entrepreneurship skills.And there is no better place than IIM Bangalore for this in India.
Taking Rathore’s point a little further, Akriti Ghai summarizes the IIM Bangalore EPGP difference in one word: access. “It was the prospect of interactions with industry leaders, entrepreneurs, innovators through IIM B Business Conclave, EPGP Seminar and Alum Series, PGP social clubs and Vista events,” she notes. “These have given me confidence that IIM Bangalore is the perfect place for holistic education and industry engagement. It opens up a great avenue to learn and lead by keeping up to date with the latest challenges business opportunities, and networking events, which will help me develop an entrepreneurial spirit for my future endeavours.
MAKE A DIFFERENCE IN THE BEST COMPANIES
Ghai herself hails from Ernst & Young. And you will find many students who have worked for top employers in the EPGP class of 2023. Example: Abishek Pandey. Before business school, he led a product development team responsible for Honda’s first BS6-compliant scooter. He was so respected at Honda that he represented the company as its youngest technical manager at the International Auto Expo in 2016. Similarly, Bibin Kumar Trained over 20,000 undergraduates in two years at Infosys, earning the highest feedback scores in the business.
His secret? “I I had to wake up every morning, wear the mask of a brave soul and be there for my students when they needed me,” Kumar explains. “I saw happiness, I laughed with my students. I have seen success. I celebrated with my students. I have seen failures – failures that led to the expulsion of some students from the training program. They would be out of a job, and I had been there, so I cried with them helplessly… But overall my time as a trainer helped me [to] develop empathy and become a better person.
The EPGP Class of 2023 stood out in many other ways. One year after joining Hindustan Petroleum Corporation Limited (HPCL), Sipra Priyadarshinee became the company’s first employee – and youngest engineer – to complete “a large-scale critical capacity improvement project…without incident.” Vishwa Prakash Shukla found its place in edtech as a confounder, winning the Maharashtra government’s “Maharashtra Startup Week” in 2018. When Mamta Kumari joined Steel Authority of India’s Bokaro Steel Plant, she created Project Buddy to help them move out of administrative roles and into the workshop where they got a chance to earn more and climb higher.
“As part of this project, each junior was matched with a senior so that they could solve their problems,” she said. P&Q. “It also gave the young women the confidence and morale to not only stay, but to thrive in their work. Over the years, I have seen the number of women working in the workshops increase.
A HISTORY OF WEALTH IN RAGS
Sometimes their efforts were downright heroic. As an operations officer, Gautam Sharad protected the lives of his shipmates and other vessels when handling an emergency aboard an oil tanker. Lokender Singh Rathore did the same while coordinating efforts to prevent a fire from spreading aboard an aircraft carrier. Of course, some actions were simply bold. Exhibit A: Harshad P. Bhoir. He left everything behind – a strategic leadership role working in the CEO’s office with all the authority and perks that surrounded it – to come to business school.
“I call it an accomplishment because it wasn’t easy to leave behind a life I had built in 6 years,” Bhoir writes. “The change was radical, but just as necessary. I went from driving a 3.5V6 to a 1.5V4, from my office cubicle to being the classroom office, and from boardrooms to breakout room. There have been serious downgrades. Yet, nothing I have learned at IIMB in the last 6 months would have been possible if I had not given these things.
What did Bhoir learn? On the one hand, he was exposed to the intricacies of entrepreneurship. Last spring, he launched a dog food startup by leveraging his experience cooking for his pet. So far, his subscription service has generated 8 customers – all of whom have continued to use his product. Bhoir is not the only one accelerating his career momentum in the EPGP IIMB. Lokender Singh Rathore was part of a team that won first place in the Bharat Quiz – a business-themed trivia game sponsored by the IIMB that attracted 300 teams. His classmate, Abhishek Pandey, was a member of the 1st place team at the Business Case Challenge, which was part of the IIMB’s Fall Business Conclave. In addition to this, he gained critical work experience by partnering with Tata Group on a class marketing project.
“This involves growing its new business unit for Indian apparel ‘Taneira’. The scope of the project requires developing a business strategy for the brand that leverages its full potential, identifying the right target segment and developing the right statement. of brand positioning.
WORLD CLASS EDUCATION
Yet some academic successes are difficult to quantify – even explain. You just have to ask Janet Mary. His biggest lesson from the EPGP program comes down to trust. “[I’ve been] overcome my own perception that I am not capable of certain things,” she observes. “This program at IIMB has, more than anything, instilled deep confidence in me and I feel more equipped than ever to face any challenge! what to accelerate this change!
Then again, with half a year remaining in the program, Vishwa Prakash Shukla believes his best is yet to come. That said, he has already reaped several benefits from the program. “The MBA program promotes a structured thought process. I learned to prioritize and manage my time. My networking skills have improved and I am now able to communicate more frequently with businesses and startups on weekends. »
For many, the greatest strength of IIM Bangalore lies in the teaching and research prowess of its faculty. And you won’t find many band members who dispute that notion. For many students, the classroom sessions are among the highlights of the program so far. One of the most popular courses to date has been Professor Rejie George Pallathitta’s Competition and Strategy course. Notably, Lokender Singh Rathore appreciates how Pallathitta made the course frameworks so relevant and easy to understand. The biggest lesson of the course?
“Peter Drucker once said, ‘Culture eats strategy for breakfast,'” Rathore writes. “After taking the Competition and Strategy course, I learned that a well-formulated strategy is that meal packet without which cultural change will starve.”
Next page: Interview with Dr. Ashok Thampy, President of the EPGP Program
Page 3: Profiles of 12 EPGP students