INDUSTRIAL VISIT: 2 ND to 4 th March, 2017
Students Oakbrook Business School went on Industrial visit to Mumbai during 1st to 5th March. On 1st March, 2017 at 13:00 PM 35 students along with six faculties left for the visit in bus. On 2nd March, 2017, at 7:00 AM, they reached Sanyas Ashram.
On the first day visit to ICICI Bank at Chandivali in the first half and NSE at Bandra-kurla complex, in the second half was scheduled. On the second day 3 rd March, 2017 visit to two companies: Hindaloco Industries Limited at Taloja in the first half and Technova Imaging System in the second half were scheduled.
The main objective of such industry visit is to provide the insight knowledge regarding the working system of the industry. It also provides an opportunity to the students to learn through the interaction about their working methods, the HR policies and employment practises.
ICICI BANK: 2 nd March, 2017
ICICI Bank (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara. In 2016, ICICI Bank has won two awards in the categories of Best Retail Bank in India and Best Employee Engagement Initiative in Asia Pacific, Middle-East and Africa at the Asian Banker Excellence in Retail Financial Services
International Awards. In 2015, ICICI Bank won ‘Best Private Sector Bank’ under ‘Global Business’ category at the ‘Dun & Bradstreet Banking Award”.
On 2 nd March, 2017 morning students reached at ICICI training centre at Chandivali. After reaching at the training centre, students were briefed about ICICI in general, their working systems, department wise operations, the software they have adopted, their networking, how they handle NRI, privilege & priority customer’s accounts, RPC (Regional Processing Centre) etc. The students were divided into two groups and one trainer was allocated to each group. One group was taken to the E-Branch visit near to their training centre and the other was taken to RPC department. In E-Branch, they taught the students about the functioning of online transactions, NEFT & RTGS, NRI account, how TDS cuts from interest on each account, cheque clearance process etc. They also show the students cheque scanner machine and how it operated. Whereas, In RPC department, they show the students account opening
procedure. ICICI learning centre was a great experience to cherish.
2. NATIONAL STOCK EXCHANGE: 2 nd March, 2017
In the second half of the first day, we have visited the National Stock Exchange of India Limited (NSE) which is a leading stock exchange of India, located in Mumbai. NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country.
Mr. Vijay Bhambwani, explained the students how the trading system has started and how from the paper trading it converted into online trading. He also explained various concepts like compounding interest, forward contract, future contract, derivatives, main products, arbitrage, options that is to take advantage of encasing mispricing. He explained the students when to purchase the shares and when to sell and how to make money out of it. Mr. Bhambwani also taught how to do valuation of shares, shares should be purchased and sold on the basis of valuation of shares and not based on prices of the shares. Hence, the first day was ended with a great learning experience from the perspective of bank and stock exchange.
3. HINDALCO INDUSTRIES LIMITED: 3 rd March, 2017
2nd day of the Industrial Visit Tour began with Hindalco Industries Limited, metals Flagship Company of the Aditya Birla Group which is the industry leader in aluminium and copper. With a consolidated turnover of US$17 billion, Hindalco is the world’s largest aluminium rolling company and one of Asia’s biggest producers of primary aluminium. Its state-of- art copper facility comprises a world-class copper smelter and a fertiliser plant along with acaptive jetty. The copper smelter is one of the world’s largest custom smelters at a single location.
In India, the company’s aluminium units across the country encompass the gamut of operations from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions and foils. Today, Hindalco ranks among the global aluminium majors as an integrated producer and a footprint in 13 countries outside India. The students got an opportunity to visit the entire plant where they got to learn how the production process takes place along with the practical observation of plant layout, material handling, concern for safety etc. The HR Assistant of the organisation Mr. Sumit Karad addressed the students & also had an interactive session with them to solve all the queries that they had.
4. TECHNOVA IMAGING SYSTEMS: 3 rd March, 2017
Next Industry visited was Technova Imaging Systems, it is one of the world’s leading suppliers of Total Imaging Solutions for the Graphic Communications industry. Since 1971, TechNova has introduced several new breakthrough technologies that have transformed the imaging processes in various industries. TechNova offers complete integrated solutions that include consumables, systems, software solutions and services for the print, publishing, packaging, textile, engineering, signage and photo industries.
The HR head of the organization Ms. Varsha Patil guided the students on the entire process of manufacturing while taking them through the plant visit. They also got to learn the various HR practices in the organization & the way the compliances at the organization are met. The entire day was a complete learning experience and the students really enjoyed the visit.
ESSEL WORLD: 4 th March 2017
The students of Oakbrook Business School and six Faculty members visited Essel World –. on 4Th March 2017. The Amusement Park is located in Gorai, Mumbai and established in 1989. The park is owned by Pan India Paryatan Pvt. Ltd. (PIPPL). EsselWorld along with its counterparts, Water Kingdom are stretched over 64 acres of land. Together, they are recognised as one of the largest Amusement and Water Park. A perfect destination for all, this place attracts almost 10,000 visitors every day. The best feature of the Essel World Amusement Theme Park is that it is open 365 days. There are also avenues for shopping and food courts for people looking for a holistic experience. Truly an adventure for anyone who visits, Essel World is another world indeed.
Among all the fun activities that can be enjoyed, the ice skating ring, discotheque and bowling alley serve as the prime attractions, the Journey was exciting and fun filled. At the park all sat on various rides like The Zipper Dripper , Highway Cars, Crazy Cups, Hoola Loop and Aqua Dive. Most of them enjoyed the ‘Top – Spin’ the most, as it was the scariest! The group even visited the ‘Monsters In Mist’ and embarked on a treasure hunt in ‘Alibaba’s Mirror Maze’. The lunch was yummy and delicious. We departed from the park around 6:00 P M. everyone was exhausted yet happy and smiling. The return journey was filled with exchanging stories. The trip taught us that life is a joyride, and that we should enjoy it the same way. Apart from the joy rides there was a lot of learning in terms of how the vast infrastructure is immaculately maintained, Human resource Management, Customer Relationship Management to name a few. The three days Industry visit ended with a great learning experience. Overall it was indeed a spectacular visit.
INDUSTRIAL VISIT ON 22nd & 23rd SEPTEMBER 2017
Oakbrook Business School organized an Industrial Visit to the Adani Mundra Port for the MBA Batch 2016-18 on 22 nd and 23rd September 2017. The purpose of the industrial visit was to give practical exposure to the students about the processes and work flows within the industry. All the students visited different plants- The students had visited the Adani Power Plant , Fortune Refinery , Adnai West Basin and Adani Container Terminal also, observed the processes, and obtained information about the processes.
22 nd September, 2017 Traveling to Mundra:
On, 22 nd September 2017 at 5.00 AM 36 students along with two faculties left for the visit in bus, they reached Shantivihar facility of Adani at 1.00 P M on the same day.
The students were allocated specific rooms and then lunch was provided later. After lunch there was a visit to Adani Wilmar and Adani Port.
Adani Mundra Port
The multi-purpose terminals contain nine berths of a total 1.8 thousand meters long with alongside depths ranging from 9 to 16.5 meters. Berth 1 is 275 meters long with alongside depth of 15.5 meters and can accommodate vessels to 75 thousand DWT. Berth 2 is 180 meters long with alongside depth of 13 meters and can accommodate vessels to 30 thousand DWT. Accommodating vessels to 60 thousand DWT, Berths 3 and 4 are each 225 meters long; Berth 3 has alongside depth of 14 meters, and Berth 4 has alongside depth of 12 meters. Berths 5 and 6 are each 250 meters long with alongside depth of 14 meters, and both can accommodate vessels to 150 thousand DWT. Berths 7 and 8 are each 175 meters long with alongside depth of 12 meters and can accommodate vessels to 40 thousand DWT. The Barge Berth is 80 meters long with alongside depth of 6 meters and capacity for vessels of 2500 DWT.
The Mundra Port offers 21 closed dockside warehouses with capacity for 137 thousand square meters to store wheat, sugar, rice, fertilizer and fertilizer raw materials, and deoiled cakes. The port offers 880 thousand square meters of open storage for steel sheets, coils, plate, clinker, scrap, salt, coke, bentonite, and coal. An additional 26 thousand square meters of open storage is available alongside the railway. The port also offers a wheat-cleaning facility with capacity to handle 1200 metric tons per day and a rice-sorting and – grading facility that can handle 500 metric tons per day.
Limited Adani Wilmar Limited (AWL) is a joint venture incorporated in January 1999 between Adani Group, the leaders in International trading & Private Infrastructure with businesses in key industry verticals – resources, logistics and energy. The group was created with a vision of ‘Nation Building’ by developing assets of national economic significance. Wilmar International Limited – Singapore, Asia's leading Agri-business group & its business activities include oil palm cultivation, oilseed crushing, edible oil refining, sugar milling and refining, specialty fat, biodiesel and fertilizer manufacturing and grain processing. It has over 450 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other
In the refining process, the first step was BLEACHING. Under bleaching, the major impurities were removed from the oil which deteriorated the color of the oil. The bleached oil was then FILTERED and the heavy impurities were taken out from it. Finally, the strong smell of crude was to be eliminated to get the final product. Thus the DEODERIZATION of oil was done. This process removed all the impurities which were deteriorating the odor of oil. At 250-270 degrees Celsius, the oil was made to pass high vacuum pressure which refined it completely. Fatty acids, which were removed while deodorizing, were sent to the soap industry.
Other impurities which were extracted from the crude while bleaching and filtration were sent to incense stick making industries. And thus, no part of the crude was wasted at any of the step in the refining process. After knowing refining, students were taken to the packaging section of the oil industry. Uniform conveyer belt system that connected the whole packaging process into one. The oil bottles were filled and entered into the station where first they were shut with bottle caps. And then they were further passed to put on the Label. Afterwards, a packaging machine packed 36 bottles each at the same time into three different boxes i.e. 12 bottles in one box. Finally the boxes were sealed with tape and were further sent for storage or export.
In the evening a video was shown highlighting the Adani Group of Industries. Everyone attended Aarti at Shantinath Mahadev
It was time for daily ‘Aarti’ in the Shanti Nath temple. The temple was a piece of art in itself. The garden and fountains were well maintained. Inside the temple we could see the sculptures on the ceiling. The temple priest completed aarti with holyness and we went back to our rooms for rest. After Dinnerthe students presented a culturalProgram.
23rdSeptember 2017 At Mundra:
The day started by yoga followed by laughing session.
Adani West Base
Around 9.00 A M the students proceeded to,West Port i.e. Adani West Base. Again the journey to port was interesting in itself. There was heaps of coal. This base uses modern grabbers which stack the coal without much dust. The atmosphere was pleasant on west base. The port was made in a curve which was actually in a ‘G’ shape. This port also held the record for unloading in minimum time in India. Also there was a 20 km long which loaded with coal for transportation. The next place visited was the Adani Power Plant.
Adani Power Plant
The Mundra Thermal Power Project was conceived to provide power for the captive consumption of APSEZ in Mundra. Thereafter the vision and the capabilities of the promoters has made Mundra Power project the largest single location Coal based Thermal Power Station in India and one of the top five in the World. All the nine units of Mundra power plant have been commissioned one after another in shortest possible time of 33 months. Capacity – 4620 MW (5 X 660 MW + 4 X 330 MW) Largest single location private coal based power plant in the world. Adani Power created history by synchronizing the first super-critical technology based 660MW generating unit at Mundra. This is not only the first super-critical generating unit in the country but also the fastest project implementation ever by any power developer in the country with synchronization within 36 months from the inception.
The Phase III of the Mundra Project, which is based on supercritical technology, has received ‘Clean Development Mechanism (CDM) Project’ certification from United Nations Framework Convention on Climate Change (UNFCCC). This is the world’s first thermal project based on supercritical technology to get registered as CDM Project under UNFCCC.
The visit ended after lunch.
Travelling to Ahmedabad:
The buses departed from Mundra around 1.30 pm and reached Ahmedabad at 9.30pm. The visit was well managed till the end. The staff and students were thankful to the Adani foundation and Oakbrook Business School management for arranging the visit.
1. Society for Innovation & Entrepreneurship (SINE) IIT Powai, Incubation Centre | 25th March, 2015
SINE, Society for Innovation and Entrepreneurship, hosted by Indian Institute of Technology Bombay- IIT Bombay is an umbrella for promotion of entrepreneurship at IIT Bombay. SINE administers a business incubator which provides support for technology based entrepreneurship. Thus, SINE extends the role of IIT Bombay by facilitating the conversion of research activity into entrepreneurial ventures.
At IIT SINE Business Incubator, Students got an opportunity to meet various incubates and understand different business model, fund raising, marketing, etc. The students visited more than 11 start ups which showcased not just innovative products but economic and creative as well. The students were stunned to see the immense talent and technological advancement. They were encouraged and imbibed a positive attitude that if one has an innovative idea and hard-working ability, there are several resources to give them an impetus.
SINE & its Start ups
Coin is an innovative and secured app that allows you to make payments through your mobile devices. It replaces cash everywhere! Home delivery, Restaurants, Shopping.
igrenEnergi is creating disruptive products for the renewable energy and storage markets. Devices built using its patented ‘Energy Packetization’ technology enable superior harvesting, conversion, storage and application of electricity across a wide spectrum of use cases.
Atomberg Technologies has developed a series of data acquisition systems capable of acquiring data from up to 32 channels in real time. The software package allows data saving, analysis and plotting capabilities in real-time. ATOMBERG Technologies has already established presence in diversified field and currently offers products in data acquisition, vehicle tracking, industrial machine monitoring and industrial automation systems.
Omnikart makes strategic procurement on behalf of customers. They provide an online catalogue of products with all the technical guidelines, price and lead time from various suppliers. It is assigned to a group of people trained and skilled in negotiating, contractual terms and conditions, cost reduction and other purchasing techniques.
Lucideus, a cyber space security leader, is the trusted standard for companies that need to protect their brands, businesses and dignity from debilitating Cyber-attacks. A select group of Cyber Analysts who lay bare before the concealed faces of World Wide Web. We Teach, Analyze, Train and Remediate. We deliver easy-to-use security products and services, both generic and customized to keep your web-space and networks protected.
NanoSniff Technologies is an IIT Bombay based Product R&D organization, working in the sphere of MEMS and NEMS technologies. It is one of the first Indian companies to offer specialist products around Nano-scale devices, having already commercialized the Micro cantilever Sensor technology successfully.
Computer Masti is a program to teach computer science in schools. It is currently being used by 4,00,000 students spread across India. CM addresses the need for active computer learning through a cutting edge Computer Science core curriculum. It is a collaborative product of IIT Bombay and InOpen Technologies. Computer Masti Learning Solutions constitutes of graded Text Book (or eBook) with support of Teacher Training, Handholding and Assessments. The Program is available for CBSE, ICSE, IGCSE and SSC Boards.
Purple Squirrel: They are based at SINE, IIT-Bombay incubated company, organizing customized industry visits for college students. They partner with companies large and small, bridging the gap between campus and corporate.
kWatt Solutions Pvt. Ltd.
kWatt Solutions Private Limited is a company incubated in Society for Innovation and Entrepreneurship or SINE at renowned institute, Indian Institute of Technology (IIT) Bombay. The company is operational in Renewable Energy space focusing on energy optimization and technology customization to endow with economic renewable energy solutions by creating and nurturing network of entrepreneurs; and by doing so, kWatt Solutions is working towards economizing renewables.
Urjas started in the labs of IIT Bombay as an attempt to bridge the energy gap between needs and availability in remote India by a team of young engineers passionate about renewable energy. Highly qualified team of IITians, megawatts of cumulative experience in installation of renewable energy power plants and a strategic relationship with our suppliers provide us with the edge needed to achieve that target. From system design to product installation, the team works with one vision – “A smiling earth … a smiling partner”.
SWEEP Enviro is an IIT Bombay (SINE) based Environment solution organization founded by four IITB graduates to serve public and private organizations from in-house experts as well as experts from IITs on a wide range of strategic and site specific environmental and sustainability issues. We specialize in providing strategic advice to clients in energy, air, water and waste management sectors. SWEEP Enviro is committed to deliver quality and feasible solutions in timely bound manner.
Appvigil addresses the core problem of security and vulnerability in android mobile applications right from the very start of development. Appvigil’s core focus is a security audit service for mobile applications on the android platform and is committed to track and tackle any security vulnerabilities.
Knit offers teachers a free and simple way to text parents. Keeping safety into mind they made messaging one-way and kept phone numbers private. Now every teacher can use it to send out reminders, homework, group pics and thereby give progress reports to the parents regularly.
SensiBol develops proprietary, patentable audio-processing technologies for the Media, Entertainment, Telecom, Music and Education industries. Their solutions are integrated and optimized across platforms – Mobile App (Android, iOS), Web, IVR, and desktop App (Windows). Their team consists of mostly PhDs and Masters from IIT Bombay, who share an immense passion for audio and technology. Their technologies and solutions are available for licensing to interested clients and partners.
2. ICICI Bank, Mumbai | 26th March, 2015
About ICICI, Mumbai: ICICI Bank is multinational banking and financial services company headquartered in Mumbai, Maharashtra, India. As of 2014 it is the second largest bank in India in terms of assets and market capitalization. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. The Bank has a network of 3,880
branches and 12,269 ATMs in India, and has a presence in 19 countries.
At ICICI Headquarters, Mr. Vineet Dhar, Zonal Head talked about history, insights, range of financial products, future development and career opportunities at ICICI. He interacted with the students in a playful manner and made them feel comfortable. He further talked about his professional journey and advised the students to be determined and dedicated towards their goal.
3. Bombay Stock Exchange, Mumbai | 26th March, 2015
Bombay Stock Exchange (BSE), Indian stock exchange located at Dalal Street, Kala Ghoda,Mumbai, Maharashtra, India. Established in 1875 and is considered to be one of Asia’s fastest stock exchanges, with a speed of 200 microseconds and one of India’s leading exchange groups and the oldest stock exchange in the South Asia region. Bombay Stock Exchange is the world’s 10th largest stock market by market capitalization at $1.7 trillion as of 23 January 2015. More than 5,000 companies are listed on BSE.
The students visited BSE and ICICI Headquarter. The first session was on the topic “Insights of Stock Market” at BSE. The faculty, Ms. Krupa Desai and Vice President, Mr. Aranha Roy at BSE Institute shared the insights of Stock Market. The speakers shared their experiences and encouraged the students to look forward to a career in finance and have great prospects in the future.
4. National Stock Exchange, Mumbai | 18th March, 2016
The National Stock Exchange of India Limited (NSE) is a leading stock exchange of India, located in Mumbai. NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country.
Mr. Gurudatta G Dhanokar, Director, explained enthusiastically various concepts like compounding interest, forward contract, future contract, derivatives, main products, arbitrage that is to take advantage of encasing mispricing. He also explained the students when to purchase the shares and when to sell it. Mr. Dhanokar also taught them how to do valuation of shares, shares should be purchased and sold on the basis of valuation of shares and not based on prices of the shares.
‘It was truly a wonderful session for us. It widened our insights of stock market.
5. CEAT Tyres, Mumbai | 18th March, 2016
CEAT stands for movement with the finest tyres known for their tough, smooth and secure grip on roads. It manufactures high-performance world-class radials for a wide variety of vehicles.
Students reached CEAT Tyres Bhandup at 3.00 p.m. and one of the trainer persons of company explained us manufacturing process, production system, why they changed their mission, major customers of company. Then they gave students an opportunity to see how the actual production of tyres is being done.
‘It was altogether a new experience to all the students. The manufacturing process was really a learning aspect for us. The students thoroughly enjoyed the visit.
6. ICICI Bank, Mumbai | 19th March, 2016
ICICI Bank (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara. In 2014, it was the second largest bank in India in terms of assets and third in term of market capitalisation.
On 19th march students reached at ICICI training centre at Chandivali. They divided all students in 3 groups and 3 trainers were allocated with each group. The groups were taken to E-branch near to training centre where they saw lot many new things. At ICICI training centre, they were taught functioning of NEFT & RTGS, NRI account, how TDS cuts from interest on each account, cheque clearance process. Most fascinating thing was to see cheque scanner machine and how it operated. ICICI learning centre was a great experience to cherish.
7. Empire Industries, Mumbai | 19th March, 2016
In second half, students visited empire industries at around 2 P.M which is located at Vikhroli. Empire industries limited is a 105 “year old public limited company – a multifaceted conglomerate with interest in diverse businesses and associated with several international partner in each operating division.
They divided the students in 3 groups. During the visit they demonstrated the production of glass containers at each stage very well. Victrum’s fully automated plant produces one million glass container daily, on fully automatic eight section double gob machine. And then after the trainers solved the various queries of students. In all, they learned a huge deal of practical know how of glass manufacturing.