L. J.

Institute of Management Studies, LJMBA

L J INSTITUTE OF MANAGEMENT STUDIES

LJMBA 2013

SUMMER PLACEMENT REPORT 2013 PART III - FINANCE

L. J. Institute of Management Studies, LJMBA

Tata AIG General insurance Company Limited

Tata AIG General Insurance Company, which started its operations in India on
January 22, 2001 offers the complete range of insurance for automobile, home, personal
accident, travel, energy, marine, property and casualty, as well as several specialized financial
lines. Basically it is a collaboration of TATA and AIG in which the Tata Group holds 74 per cent
stake in the insurance venture with AIG holding the balance 26 percent. Annual Turnover of the
Company is 2500 Cr. It is actually a U.S. based Subsidiary.
Project guide Mr. Dharmendra Thakkar said that generally they do not take students for
Internship but for the first time company has taken a student for Summer Internship Project. The
student Nagvadiya Ganesh G. was given the project on Financial Analysis of Underwriting and
Risk Factor. The reason of taking a student for Internship is LJ student having financial
knowledge and analytical and reasoning skills which is must for doing assigned task. He will
learn the general rules about underwriting process and the methods of analyzing risk factor.
Skills required are Basic Financial Knowledge, Analytical and Reasoning skills,
Communication, Quick Grasping Skills. According to him no expansion plans in near future.

Kalupur Commercial Co-Operative Bank

The Bank is founded by Late Shri Baldevbhai Dosabhai Patel, Late Shri Gopaldas
Shivlal Patel and Shri Arvindbhai Jivanlal Saheba on December 5, 1970. The Bank
has nurtured its traditional values in business practices and in serving the small
businessmen. Current turnover is more than 5500 Cr. It provides all types of
financial services like Deposits, Advances, Credit-Debit Cards, Loans etc.
He said that student of LJ, Vyas Khushboo N, is good in the skills like Analytical and Reasoning,
Basic Financial Knowledge and which is must for doing the work in any bank. The student is
given project on Processing of Credit Appraisal. Student is coming regularly on time and
doing work with sincerity. Project is processing of credit appraisal in which student will
understand the functionality, rules and regulations of loan procedure.
Future plan is to start Internet banking and opening of new 5 branches.

Prepared By: Prof. Rajani Shah

L. J. Institute of Management Studies, LJMBA

Faculty Guide: Dr. Siddharth G. Das

SIP Students: 1) Thacker Kamal Rajeshbhai

6) Gajera Dharmesh Arvindbhai

2) Bhatt Ravi M.

7) Goyani Vipul Mukeshbhai

3) Patel Imal Ashwinbhai

8) Savani Jignesh V.

4) Dattani Darshana Jitendrabhai

9) Modi Parth M.

5) Sasani Ankur D.
Introduction
One of the most important parts of completing the Masters of Business Administration (MBA)
degree is to undergo a summer internship between the second and third semesters of the
program. This summer training aims to enlighten and enable students about management
concepts and principles taught in the class. Beside, it also provides the students the much needed
industrial exposure to back up their education. And perhaps move one step closer to landing a
great full-time position after graduation.
Traits and Skills Needed for Summer Internship
The MBA summer internship allows students to build relationships with the organizations
personnel who can be prospective employers also. Such programs can also hone their skill set
and help them to explore new industries. However, what precedes a good relationship and
rapport with the company is the students traits and skills needed to successfully complete the
internship.
A positive attitude and commitment are not the only traits that companies want in their interns. It
is interesting to note that in May 10, 2011, the Graduate Management Admission Council
(GMAC) of USA reported based on responses from 1,509 corporate recruiters who hire MBAs at
905 companies in 51 countries mentioned top five traits sought are:

Initiative (77%)
Professionalism (77%)
Motivation (76%)
Integrity (76%)
The ability to deal effectively with pressure and unexpected obstacles (75%)

And the top five skills sought are:

Communication skills (86%)

Strategic skills (67%)
The proven ability to perform (66%)
Core business knowledge (63%)

L. J. Institute of Management Studies, LJMBA

The ability to manage change (61%)

This means that it is important to begin developing these skill sets by the students, whether it is
for internship programs or final placement. In this light, the above mentioned students who are
undergoing the SIP have shown most of the traits and skills while interacting and guiding them.
There are nine students under supervision where four of them are with the same organization,
that is, The Varachha Cooperative Bank Ltd. located in Surat. There are four other students who
are with different organizations each, namely, The Bhuj Commercial Cooperative Bank Ltd., The
Junagadh Commercial Cooperative Bank Ltd., The Kukarwada Nagarik Sahakari Bank Ltd., and
The Porbandar Commercial Cooperative Bank Ltd. The remaining student is with the India
Infoline Ltd.
Out of the nine students, eight are with cooperative banks. All these banks are located outside
Ahmedabad where the students are undergoing their training. The remaining firm, having its
head office outside Ahmedabad, has a branch here. The students who will be training at their
respective organizations for 6 or 7 weeks shall report to their faculty guide at end of their tenure
for further guidance and completion of their report.
Company List & Trainee Students
The Bhuj Commercial Cooperative Bank Ltd.

- Thacker Kamal Rajeshbhai

The Junagadh Commercial Cooperative Bank Ltd. - Bhatt Ravi M.

The Kukarwada Nagarik Sahakari Bank Ltd.

- Patel Imal Ashwinbhai

The Porbandar Commercial Cooperative Bank Ltd. - Dattani Darshana Jitendrabhai

The Varachha Cooperative Bank Ltd.

- Sasani Ankur D.

The Varachha Cooperative Bank Ltd.

- Gajera Dharmesh Arvindbhai

The Varachha Cooperative Bank Ltd.

- Goyani Vipul Mukeshbhai

The Varachha Cooperative Bank Ltd.

- Savani Jignesh V.

India Infoline Ltd.

- Modi Parth M.

Organization Profile and the Training

The Bhuj Commercial Cooperative Bank Ltd.
Falling under banking and financial industry this cooperative bank is located in the city of Bhuj
in Kutch district. Established in 1973 and headed by the CEO Shri Jayeshbhai Sachde, this bank
caters to all general banking services as per RBI guidelines. In the last financial year it generated

L. J. Institute of Management Studies, LJMBA

a gross profit of Rs.1Crore and a net profit of approximately Rs.60 Lakhs. At the main bank
there are 25 employees. In its Bhind Bazar Branch there are 10 employees, and at Nakhtrana
Branch there are 5 employees. In all 40 employees are working with the bank. The student
concerned is being trained in all general banking activities. That is, accepting deposits, lending,
remitting, documentation, etc. The project the student has undertaken relates the thorough
understanding of the various banking operations. Prior to their involvement in the training
process the student must have knowledge about banking and financial concepts and theories,
besides banking law. After running successfully for the past 40 years the banks future plans are
to expand further by opening more branches across the state. The student, Kamal R. Thacker, has
done well in understanding the nuances of banking operations and its customers.
The Junagadh Commercial Cooperative Bank Ltd.
As part of the banking industry this cooperative bank is located in the city of Junagadh in
Saurashtra area. Established in 1971 and headed by the Chairman Dollarrai V. Kotecha, this
bank caters to all general banking services as per RBI guidelines. It incurred an annual turnover
of Rs.135 Crores. It has a total of 82 employees. The student concerned is being trained in all
general banking activities. That is, accepting deposits, lending, remitting, documentation, etc.
The project the student has undertaken relates the thorough understanding of bank NPAs and
recovery management. As far as work at the bank is concerned the student has to attend everyday
and work with the manager. Has also to acquire knowledge from legal officer of the bank
because in relation to NPAs he is important. Prior to the training process, the student must have
knowledge about banking and financial concepts and theories, and general understanding of the
banking law. Functioning successfully for more than forty years the banks future plans are to
expand further by opening more branches across the state and at the same time raise the level of
revenues. The student, Ravi M. Bhatt, has done well in understanding the nuances of banking
operations.
The Kukarwada Nagarik Sahakari Bank Ltd.
As part of the banking industry this cooperative bank is located in the town of Kukarwada in
Mahesana district. Established in 1978 and headed by the CEO Dineshbhai I. Patel, this bank
caters to all general banking services as per RBI guidelines. It incurred an annual turnover of
Rs.33 Crores. It has a total of 16 employees. The student concerned is being trained in general
banking activities. That is, accepting deposits, lending, remitting, documentation, etc. The
project the student has undertaken relates the thorough understanding of the lending process of
the loan department. As far as work at the bank is concerned the student has to attend regularly
and work with the manager of the loan department. Prior to involvement in the training the
student must have knowledge about banking and financial concepts and theories, besides
banking law. The students must also have knowledge of banking operations especially the
process of funding the loanee. And understanding the customer and maintaining a good
relationship. Functioning uninterrupted for more than thirty years the banks future plans are to

L. J. Institute of Management Studies, LJMBA

expand further by opening more branches. It is on the verge of opening two branches, one in
Vijapur and the other in Madhupura area of Ahmedabad. The student, Imal A. Patel, has done
well in understanding the nuances of banking operations and the customers of the bank.
The Porbandar Commercial Cooperative Bank Ltd.
Falling under the banking industry this cooperative bank is located in the town of Porbandar in
Saurashtra. Established in 1972 and headed by the CEO Mukesh B. Kotecha, this bank caters to
all general banking services as per RBI guidelines. It incurred an annual turnover of Rs.150
Crores. It has a total of 17 employees. The student concerned is being trained in general banking
activities. That is, accepting deposits, lending, remitting, documentation, etc. The project the
student has undertaken relates the thorough understanding of major banking operations. As far as
work at the bank is concerned the student has to work closely with the officials of deposit
management and the loan department. Prior to involvement in the training the student must have
knowledge about banking and financial concepts and theories, besides banking law and
operations. It includes computer skill and providing quick customer service. And understanding
the customer and maintaining a good relationship. After running successfully for more than forty
years the banks future plans are to expand further by opening more branches. The student,
Darshana J. Dattani, has done well in understanding the intricacies of banking operations and its
customers.
The Varachha Cooperative Bank Ltd.
As part of the banking industry this cooperative bank is located in the town of Surat in South
Gujarat. Established in 1995 and headed by Shri P.B.Dhakecha, Founder Chairman and
Kanjibhai R. Bhalala, Chairman, this bank caters to all general banking services as per RBI
guidelines. It has earned profits before taxes Rs.7.55 Crores and net profit of Rs.5.30 Crores. It
has more than 300 employees. The cooperative bank is among the fastest growing banks in
Gujarat. The students concerned (all four of them) are being trained in general banking activities
with focus on operations. That is, accepting deposits, lending, remitting, documentation, ebanking, etc. The project the students have undertaken relates the thorough understanding of
various banking operations. Prior to involvement in the training the student must have
knowledge about banking and financial concepts and theories, besides banking law and
operations. And an understanding the customer behaviors also helps. Functioning uninterrupted
for eighteen years, the banks future plans are to expand further by opening more branches. It is
on the verge of opening two branches, one at Yogi Chowk and the other at Mota Varachha in
Surat. The launching of Android application for mobile banking has just started and is planning
to launch Debit Card very soon. The students, Ankur D. Sasani, Dharmesh A. Gajera, Vipul M.
Goyani, and Jignesh V. Savani have done well in understanding the nuances of banking
operations and its customers.
India Infoline Ltd.

L. J. Institute of Management Studies, LJMBA

The India Infoline group, comprising the holding company, India Infoline Ltd and its
subsidiaries, is one of one of Indias premier providers of financial services. The company
supports employment of over 24,000 people directly and thousands more indirectly. The
company services its 2,100,000 customers through its network of 3,820 locations present in 900
cities, covering literally every nook and corner of the country. The student concerned is
undergoing in one of the locations of the company, that is, Ahmedabad. This company belongs to
the Financial Services (Service Provider, Trader) industry. Established in 1994 its current CEO is
Nirmal Jain who is the Founder & Chairman of the organization. The company offers advice and
an execution platform for the entire range of financial services covering products ranging from
loans, wealth management, asset management, insurance, fixed deposits, investment banking,
equities and derivatives, commodities, Government of India bonds and other small savings
instruments. As far as companys performance for the financial year 2013, on a consolidated
basis, it has posted a record all-time high income and profit. Its income stood at Rs. 26.7 billion
and profits stood at Rs. 2.79 billion. As far as trade relations abroad is concerned it has physical
presence as subsidiaries in Sri Lanka, Dubai, USA( New York), Mauritius, UK(London),
Singapore and Hong Kong. The student is doing his project in the area of equities, derivatives,
and commodities. Prior to involvement in the training the student must have understanding of
financial concepts and theories including wealth and asset management. Being physically present
in every nook and cranny of the country, cities in India, and being an NBFC wants to convert
into a Bank. This is the companys ultimate future plan. The student, Parth M. Modi, has so far
done well in understanding the nuances of the operations of this financial company.
End Remarks
.Interacting with the contact persons and the students has been done with an open mind. The
interaction with the students has been more fruitful than the contact persons of the bank/company
as they were more circumspect. It is but natural as far as human behavior is concerned as people
tend to be self-preserving about themselves and their work environment. Whatever rudimentary
information was obtained was corroborated with the information from the trainee students at
their respective organizations. Annual reports, previous similar works from the library, and
various websites have also helped a lot in collecting, deciphering, researching, and organizing
the information to create the report in its present form. Overall the students have been regular in
their training sessions at their respective organizations. They have indicated enthusiasm in the
learning process and are happy with their work. It is also to be noted that out of eight cooperative
banks, seven of them do not have a proper website and the one remaining cooperative bank does
not have crucial information that was sought. Hence, gathering and organizing data/information
was a painstaking task. In the end, the present form of report created has been done at the best of
ability of the guide.

Prepared By: Dr. Siddharth Das

L. J. Institute of Management Studies, LJMBA

Wealth First Portfolio Management (Pvt.) Ltd.

Managing wealth is a unification of expertise, experience and discipline but for us at
wealth first it is a fusion of an idea, passion and conviction. Wealth first is focused on
sustainable wealth creation for the long term.
Wealth first historically known as Money- wealth manager established in 1992 in the name of
Dalal & shah Fiscal services Limited In 2001, it is renamed as Wealth First Portfolio
Managers Pvt Limited.It is an authorized investment company offering value added Portfolio
management, financial planning and investment advisory services. We help you to build a
personalized investment services to meet your financial goals. focusing on each client and create
an investment strategy tailored to specific client needs. Organisations tailor-made customized
solutions are perfect match to different financial objectives.
The promoters of Wealth first Premal Mehta, Ashish Shah having rich experience, expertise
and good track record in wealth creation and management.
About Mentor:Hiren Joshi (Senior wealth manager) handling NRI client and Corporate clients and have
Good experience in Mutual fund and Equity, Rich experience in Advising in different Mutual
Fund related product, Provide Advise related to different asset class & developing a network of
corporate relationships.
Mentors Comments about Students :JaydeepSoni and MikinSoni
Project Title : Portfolio Management
Feedback about Performance :- Efficient, Fast learner ,Disciplined ,Attentive
Areas of Improvement: Need to learn more about taxation,
Placement Opportunity :Appreciating their performance,
Optimistic about their final placement ,They
generally
approaches KS School of business management for selection
of candidates.

Prepared By: Prof. Ranjana Dureja

L. J. Institute of Management Studies, LJMBA

UNIFRAX
Unifrax is a company Situated at surendranagar. Two students of LJMBA, Ms Bhavana Lakhum
and Vandana Solanki are placed there for SIP.The feedback of the students was taken from the
company on 5th Julie 2013. Students are given different projects in Accounting and Finance both.
In Finance the projects are related to ratio analysis. The students are supposed to conduct survey
for the same. After completion of the project, students will have to submit a hardcopy of the
report in company and they will also have to make presentation regarding their project to senior
people of the company.
Mr N K Jain General manager there was a reporting head for our student Bhavana Lakhum and
Vanadana solanki.He had given an above average feedback about these two students in different
behavioral aspects. He had mentioned that trainees need to improve on two things ,one is
corporate communications and team work. They said that students are doing their work regularly
with discipline
ESSAR OIL
Essar oil limited is a listed company situated at Jamnagar okha highway. Four of LJMBA
students are placed there for SIP, Narendra Goriya, Keyur Changani, Jigar Mehta and Milan
Rughani. They are working with finance and accounting department. Area of sip is mainly
working capital analysis,ratio analysis etc. MrNirmal Shah General manager and also handling
finance department had given a feedback on telephonic discussion. He said that time span of
project is too short to comment about ability of the students. He had given good feedback in all
catageries. He said discipline is their major strength. All trainees need to work upon
communication skills for final placement. He said that all students are very punctual and
enthusiastic in their work.
TOKYO PLAST
Tokyo plast international ltd. Is situated at Daman. One student of LJMBA is placed there for
SIP.Ms Shefali Kalavadia is placed at HR department and Doing her sip in recruitment and
selection. The feedback regarding her was taken on 9th Julie 2013 by telephonic discussion.Mr
Jagdish Patel G.M at Daman plant said extremely good about this student. He had given very
good rating in all categories.He said that student doing SIP there is always ready with her work
and self motivated for new tasks.
All the companies are outside Ahmedabad so, not possible to visit personally and it will take 2
days to collect photographs.

Prepared By: Prof. Bilva Desai

L. J. Institute of Management Studies, LJMBA

ANGEL BROKING LTD
Students Rimpal Patoliya, Ashok Jadaun, Ami Patel, Manoj
Varma, Piyush Parmar and Ritesh Maniyar
Company Guide Mr. Nailesh Panchal, Ms. Zankhana Thakkar and Mr. Pankaj Vegda
Company Address 5 / 6 Chandan Complex, Swastik Cross Road, C.G. Road, Abad.
Angel Broking Ltd. started in the year 1987 is a popular brokerage firm dealing with the capital
markets. The company has an annual turnover of Rs. 5000 crores with a total employee count of
4800. The Ahmedabad region is currently managed by the CEO Mr. Dinesh Thakkar. The firm
majorly deals in Equity & Derivative broking, portfolio management service, insurance, fixed
deposits, depository services, commodities & currency broking, mutual funds, IPO. The future
plans of the company involve focusing on the high-end customers.
The students are grouped in two and hence, different projects are allotted to them. The projects
include studying the commodity markets and equity markets. They are supposed to interview the
clients of the firm, find out their requirements and preferences and suggest options in both the
markets as relevant. Hence, this involves understanding the clients needs and demographics and
designing their portfolio likewise. It is evident that the students need to have an understanding of
the products in the commodity and the equity markets, know the nuances of these markets and
repercussions of any news of information on these markets.

Prepared By: Prof. Amola Bhatt

L. J. Institute of Management Studies, LJMBA

NJ INDIA INVEST PVT. LTD.

Students Sharan Autingi and Dixit Raol
Company Guide Mr. Manthan Pandya
Company Address - 1 Floor, Neptune House-2, Nr KrishanaCenter,
Mithakali, Abad 09.
NJ Group is a leading player in the Indian financial services industry known for its' strong
distribution capabilities. The journey of NJ began in 1994 with the establishment of NJ India
Invest Pvt. Ltd., the flagship company, to cater to investor needs in the financial services
industry. Over the years, NJ Group has diversified into other businesses and today has the
presence in businesses ranging from wealth advisory network, asset management, real estate,
insurance broking, training & development and technology. NJ Group is atSurat and has
presence in over 100 locations in India and has over 1,000 employees.Mr. Neeraj Choksi & Mr.
Jignesh Desai are two first generation entrepreneurs who began the journey of 'NJ' in 1994. The
future plans of the company include providing all financial products and services under one roof
and consequently also increase the AUM (Assets under management).
The students have been allotted the task of finding out the awareness level of mutual fund
products in life insurance agents and develop and implement programs which can raise their
awareness levels pertaining to the same. Hence, they would have to interview the life insurance
agents and grill them on their knowledge of mutual funds. Accordingly, once the level of
awareness is estimated, several training programs can be developed to increase their
understanding of mutual funds in India. The students are expected to have a good
communication power to elicit the agents knowledge and of course, a grip on mutual fund
products themselves, if thy want to further develop any programs.

Prepared By: Prof. Amola Bhatt

L. J. Institute of Management Studies, LJMBA

EDELWEISS FINANCIAL ADVISORS LTD.
Student Hiro Kukdeja
Company Guide Mr. Jatin Andharia
Company Address - Bhavnagar
Edelweiss Financial Advisors Ltd. formerly known as (Anagram Capital Ltd) group has grown
and developed at a steady speed since 1994.The vision of the firm is to be in the distribution
business across whole range of financial products and services and be the preferred destination
for investors across India. The company is currently a part of the Edelweiss Group of
Companies. The current offerings include trading in cash and derivative segment through their
branches and sub-brokers with high-speed anywhere trading through the net, Online Depository
Services, Commodities trading, Currency Future Trading, Distribution of Mutual Funds, IPOs
and other financial products. They have a nationwide presence with 135 plus branches, 1200 plus
Sub Brokers & Business Associates, 3000 plus terminals and a professionalized team of 1200
plus employees spread across 200 plus cities. The annual turnover of the firm is around Rs. 3600
crores. The Bhavnagar branch is currently managed by Mr. Rashesh Shah. The company has
many plans for their way forward, the major ones being entering into the home loan segment,
beginning with the metros. Also, the company plans on foraying in the Banking sector, provided
their request for Banking License is approved.
The student has been given a project on Management of Investment Portfolios of the companys
clients. For this, the student has to know the nuances of the stock markets, analyse the current
trends, get an idea on the cause of movements in various scrips and develop investment
portfolios based on the clients profile. So, on one hand an indepth knowledge of markets is
required and on the other, understanding of clients demographics and psychographics, and
accordingly developing his portfolio is needed. This would involve having a good
communication skill and grip on capital market and various other financial products.

Prepared By: Prof. Amola Bhatt

L. J. Institute of Management Studies, LJMBA

Bank of India
Bank of India was founded on 7th September, 1906 by a
group of eminent businessmen from Mumbai. The Bank
was under private ownership and control till July 1969
when it was nationalised along with 13 other banks. The
Bank has 4293 branches in India spread over all states/
union territories including specialized branches. These
branches are controlled through 50 Zonal Offices. There are 29 branches/ offices (including five
representative offices) and 3 Subsidaries and 1 joint venture abroad.
Presently Bank has overseas presence in 20 foreign countries spread over 5 continents with 53
offices including 4 Subsidiaries, 4 Representative Offices and 1 Joint Venture, at key banking
and financial centres viz., Tokyo, Singapore, Hong Kong, London, Jersey, Paris and New York.
Mr. V. N. Vaghani is a Credit Manager at Naranpura-Wadaj branch at Bank of India, who is
guiding our student Nirvi Joshi from L.J.Institute. He gave her all the details of Banking system
by giving her practical knowledge. After the training of around 15 days, she started working on
her project. The manager is very flexible to support her in any of the projects selected by her.
She has undertaken the project on Banking Credit system, wherein she is going to compare
various banks.

Prepared By: Prof. Rinal Shah

L. J. Institute of Management Studies, LJMBA

ZYDUS AHL

Zydus Animal Health Limited is a premier animal health company of India. It is a 100 %
subsidiary of Cadila Healthcare Ltd. Zydus AHL operates through Strategic Business Unit.
Zydus was established in 1950, and the Animal Health Ltd. (AHL) was established in 1983. The
promoter and the chairperson of the company is Mr. Pankaj Patel. The MD of zydus AHL is Dr.
Arun Atre. Annul turnover of the company is Rs. 190 crores. It employs 500 people.
The company has recently acquired 100% stake in Germany animal drug company Bremer
Pharma GmbH. Bremer Pharma has been in the Animal Health business since 1982. The
agreement includes the transfer of all key assets, people, brands and export contracts of Bremer
a global animal health company headquartered in Warburg-Scherfede, Germany.
Ekta Joshi is working as a finance intern. She is understanding working capital management. She
has been explained auditing, payment process as well as cash process. Her company mentors Ms.
Monalisa Pujara (asst. Manager-finance) and Mr. Gaurav Choksi (Sr. Manager- Finance) rated
her performance as good. She is taking active interest in all that is possible to learn.
Mr. Gaurav Choksi suggested that the students coming for internship should have a clear idea
about what they want from the industry before they join internship. The institute can do this
exercise before hand. It will be easier for the industries to serve them better. He also suggested
that a B-School like LJ can tie-up with some industry, admit certain quota of students for them
and train them as per their requirements. It will help the institute as well as the industry.
The company has marketing, finance and HR departments, for which they recruit people. MBA
graduates are recruited at the Zydus corporate office and not at Zydus AHL. The company also
recruit engineers as well as pharmacy graduates.
There is no immediate expansion plan a they have recently acquired

Prepared By: Dr. Neha Shah

L. J. Institute of Management Studies, LJMBA

Cadila Pharmaceuticals Ltd.

Cadila Pharmaceuticals Ltd. is one of the largest privately held pharmaceutical companies in
India. It was established in 1951 by Mr. I A Modi. His son Dr. Rajiv I Modi is the Chairman and
MD of the company at present. Over the last six decades, Cadila Pharma is manufacturing
pharmaceutical products and bulk drugs. It has a wide chain for selling and distributing these in
over 90 countries around the world. Its exports are to mainly to Asia Pacific, Middle East,
Europe, Latin America, USA etc
It caters to over 45 therapeutic areas that include cardiovascular, gastrointestinal, analgesics,
haematinics, anti-infectives and antibiotics, respiratory agents, antidiabetics and immunologicals.
Annual turnover of the company is Rs 1200 crores. At present there are about 4000 employees
working with them.
Sakshi jain is a finance intern at the company. She is working on the project of Working Capital
requirement. As a part of the internship project she will be doing analysis of Financials and
financial Projections for next two years. Her mentor Mr. Sunil Upadhyay (Asst. General
Manager Finance) gave positive feedback for her commitment. However, he mentioned that the
student lack awareness on financial matters. She and for that matter all students of MBA need to
improve their awareness and understanding on the financial matter. He suggested that institute
should make efforts to develop opportunities foe students to improve their knowledge on current
practices. He also suggested that the faculty guide should make a prior visit to the company and
explain the what is expected from the company.

Prepared By: Dr. Neha Shah

L. J. Institute of Management Studies, LJMBA

WHITE KNIGHT CAPITAL ADVISORS

WhiteKnight Capital Advisors provides targeted investment
banking services dedicated to serving the needs of lower
middle market and emerging growth companies. It was
founded on upon four core values which drive every aspect
of our business and continue to differentiate us from our
competitors. The Ahmedabad franchise was established in
the year 2011.
There is 1 student, Mehul Devani is doing summer internship
with the organization. The feedback of the students was taken from the company on 6th July
2013. The project is about understanding the financial markets: NSE/BSE, Currency, etc. and
accruing customers. After completing the research, a project report will be prepared and a copy
of the same will be submitted in the company.
Mr. Nilesh Patel is the CEO of the organization and also the project guide. He was happy with
the students performance and hard-work. He said that the students should possess good
communication skills and knowledge about Indian Financial Market and the World Economy as
part of skills required in the student for conducting their project. When asked about future
expansion plan of the company, he mentioned that they want to establish more approx. 100
branches pan India.

Prepared By: Prof. Preeti Pillai

L. J. Institute of Management Studies, LJMBA

HDFC Bank
The Housing Development Finance Corporation Limited (HDFC)
was amongst the first to receive an 'in principle' approval from the
Reserve Bank of India (RBI) to set up a bank in the private sector,
as part of the RBI's liberalisation of the Indian Banking Industry in
1994. The bank was incorporated in August 1994 in the name of
'HDFC Bank Limited', with its registered office in Mumbai, India.
HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
HDFC Bank's mission is to be a World Class Indian Bank. The objective is to build sound
customer franchises across distinct businesses so as to be the preferred provider of banking
services for target retail and wholesale customer segments, and to achieve healthy growth in
profitability, consistent with the banks risk appetite. The bank is committed to maintain the
highest level of ethical standards, professional integrity, corporate governance and regulatory
compliance. HDFC Banks business philosophy is based on four core values: Operational
Excellence, Customer Focus, Product Leadership and People.
The Bank has its deposit programs rated by two rating agencies - Credit Analysis & Research
Limited (CARE) and Fitch Ratings India Private Limited. The Bank's Fixed Deposit programme
has been rated 'CARE AAA (FD)' [Triple A] by CARE, which represents instruments considered
to be "of the best quality, carrying negligible investment risk." CARE has also rated the bank's
Certificate of Deposit (CD) programme "PR 1+" which represents "superior capacity for
repayment of short term promissory obligations". Fitch Ratings India Pvt. Ltd. (100% subsidiary
of Fitch Inc.) has assigned the "AAA (ind)" rating to the Bank's deposit programme, with the
outlook on the rating as "stable". This rating indicates "highest credit quality" where "protection
factors are very high".
Our students Jagruti is at Jamnagar branch, Pratik is at Mangrol and Pooja is at Ahmedabad.
With Mr. Maulik kankhara and Mr. Chetan Rathod I had a telephonic talk and they gave a very
good response about the student and their working attitude. They said that students are regularly
coming and working hard under them. They have not given any information about the future
plans but said that communication skill and financial market knowledge is required for working
in this market. In case of Pooja, her guide said that she has all the skills required.

Prepared By: Dr. Priyanka Pathak

L. J. Institute of Management Studies, LJMBA

Shri Sarvodaya Credit Co-Op. Society Ltd.

Shri Sarvodaya Credit Co-Op. Society Ltd. is established in the year 1995 and it is still new in
the creditr cooperative market, as per Mr. Mahendra Parmar, Manager of the firm. He said that
we are giving services in the area of banking and the main products are short term loans and
credit to small entrepreneurs and farmers. The promoter of the bank is Hasmukh Bhai Shah who
has the motto of Sabhyata, Salamati and Santosh to start this venture.
Mr. Parmar said that he is very happy with Jayesh (our student under him for SIP) and the topic
given to him is Credit Management and General Banking Functions in Shri Sarvodaya Credit
Co-Op. Society Ltd.. He said that Jayesh need to evaluate general banking functions and credit
management under his guidance. He also said that the skills required for this work are basic
fundamental knowledge of accounting and maths and data interpretation.
The Shri Sarvodaya Credit Co-Op. Society Ltd. is planning to transfer their co-op society into a
co-operative bank and they also want to venture in different services like taking premium of LIC
and light bill payment etc. at last he also said that it is a long way to go for the society as they are
in very initial stage.

Marwadi Shares
Marwadi Group was incorporated in 1992 with the vision
of providing superior standards of Financial Services
focusing on professionalism, speed and ethics to a wider
Corporate Services in India and proposed to start its
operations in the subcontinent & overseas. The foundation
is on "Value" Systems - "Value" addition to Corporate,
Retails and HNI Individuals through superior Wealth Creation Practices. All actions are
based on stringent "Values" - integrity, confidentiality & commitment. "True Value" for
money through a holistic business practice. Finally, "Value" for client satisfaction,
predominates our relationship criteria.
Marwadi is a Gujarat based financial service group dealing in equities / commodities /
currencies broking and portfolio management services. In the last 17 years it has grown
into a network of more than 75 branches with a 750+ committed human assets and 620+
sub-brokers/authorised persons across India. They have kept the faith of over 3.10 +lakhs
investors and it's growing. After establishing supremacy in Gujarat, they are now
expanding nationwide and to fuel their growth plans they have raised capital from UKbased investment companies.
The students, Nikhil Tilva, Apurva Bhagat and Manish Ravat are with Marwadi Group.

Prepared By: Dr. Priyanka Pathak

L. J. Institute of Management Studies, LJMBA

HDFC Securities Ltd.

HDFC securities is a one of the leading stock broking
companies in India and a subsidiary of HDFC Bank- a
renowned private sector bank. As a stock broking
company, it has completed 10 years of operation serving a
diverse customer base of retail and institutional investors.
HDFC Securities is Equity Trading Company and provide
both online trading and trading on phone. The HDFC
Securities trading account has a unique 3-in-1 feature that
integrates your HDFC Securities trading account with
your existing HDFC bank savings account and existing
Demat account. Funds / shares are seamlessly moved from the linked Demat/Bank account to
execute the transactions.
It provides Cash-n-Carry on both NSE and BSE, Day trading on both NSE and BSE, Trade on
Futures & Options on the NSE and Online IPO Investment.
Features on HDFC Securities Online trading
1. Seamless Transactions - By integrating your accounts, we ensure minimal waste of time
during movement of your funds and shares.
2. Speed - Orders are placed electronically, so proceeds are available instantly.
3. No manipulation - To prevent any mismanagement, we will send you an email
confirmation, the minute your order is executed.
4. Safety and Security - HDFC Securities offer the highest level of security such as 128-bit
encryption technology.
5. Dedicated and Separate contact numbers - for trading over the phone as well as for
customer care.
Our student Krupa is undertaking her SIP in the HDFC Securities under the guidance of Mr.
Devarsh Vakil. He said that Krupa is work very hard and giving fantastic results and outcomes.
She is doing Industry analysis, Company analysis an outcome based valuation for the firm. She
is doing her project in the same field where she is doing Analysis of Financial Statements. Mr.
Vakil said that to work in this field one need analytical and computer skills. In future they want
to expand their business by reaching to many locations and wants to reach to more number of
investors.

Prepared By: Dr. Priyanka Pathak

L. J. Institute of Management Studies, LJMBA

ROOPEN R. SHAH & CO.

Roopen R shah & Co is a Chartered Accountant firm handled by Mr Roopen Shah. The company
deals with various clients in handling their financial portfolios. One student of LJMBA, Nikunj
Domadiya, who is also in pursuing CA is doing his internship from this company. The student
here will be taught various accounting priciples and taxation. Mr shah is very happy with the
response from the intern.

Prepared By: Prof. Indra Meghrajani

L. J. Institute of Management Studies, LJMBA

Religare Securities Ltd.

Religare Securities Ltd. (RSL), established in 1991, is
a wholly owned subsidiary of Religare Enterprises
Limited (REL), an emerging markets financial services
group. RSL is one of the market leading securities
firms in India serving over a million clients across both
Offline and Online platforms. Through its extensive footprint extending to over 500 cities, the
company offers Equity, Commodity and Currency broking services as well as depository
participant services. RSL is a member of the NSE, BSE, MCXSX, USE and a depository
participant with NSDL and CDSL. RSL also offers TIN facilitation & PAN facility at select
branches - a unique service to help an individual with PAN, TAN and TDS/TCS returns related
requirements. In addition, RSL is an NSDL-appointed enrolment agency for Aadhaar UID
(Unique Identification Number) and an AMFIregistered mutual fund distributor.
The visit at Religare was also very fruitful as it fetched SIP placement for two more students
looking for training in finance sector. Initially, there were three students, viz., Shikha Patel,
Hardik Mehta and Monika Shah. Later, having discussion with the Branch Manager, Mr. Ritesh
Doshi, two more students, Piyush Nimavat and Nayanesh Choksi, were also allowed to join their
office. On my visit to the office, I find the students sitting in an interactive session with Mr.
Inmesh Shah, the company guide. They were getting early insights of the portfolio management,
equity, mutual funds, systematic investment plans and other aspects of wealth management
personally by the expert. Mr. Ritesh appreciated this initiative of the college to personally audit
the students working during summer training so as to make sure of the genuine projects. He
ensured that students will get trained by an experienced hand and take care of all the practical
aspects of the training, which are critically relevant in finance. He gave a very positive feedback
about the students sincerity and eagerness to learn.

Mr. Ritesh Doshi

Branch Manager,
Religare Securities Ltd.

Prepared By: Dr. Sushant Nagpal

L. J. Institute of Management Studies, LJMBA

The Kalupur Commercial Co-Op. Bank Ltd.

The Kalupur Commercial Co-Op. Bank Ltd. Leading
highly progressive, Scheduled, Multi State, CoOperative Bank with network of 38 branches,
presently in expansion mode. It was established in
1970 having more than 43,600 shareholders at present. The bank rose to its present status under
the chairmanship of Sh. Ambubhai Maganbhai Patel. The bank is a member of CIBIL (Credit
Information Bureau of India Ltd.) with the working capital of around Rs. 3,593.84 crores and
operates with the motto of Development by Services. It has a wide customer network and well
established departments of Forex (dealing in seven foreign currencies) and Demat (with ASBA
facility) ; provides all types of attractive Loan and Deposit products, besides providing facilities
of Govt. tax collection, RTGS / NEFT / NECS / NFS. The annual turnover of the bank is over
Rs. 5,500 crore with the proud percentage of only 0.96% net NPA since 2012.
Visit at Kalupur Bank was amazing at the first instance as they have a very impressive
infrastructure, unlikely to find with other cooperative banks. The same is the experience inside
while meeting the Asstt. General Manager (HR), Mr. Anil Shrimali. At once, he appreciated the
colleges initative of tracking SIP students. He was well versed with the processes of summer
training, recruitment, taking interviews and selection process. He was into these processes from
many years, so, he highlighted the need of honing the skills that enable them to assume important
responsibilities from the outset. He stressed on quantitative & analytical skills, maturity,
leadership qualities, team spirit and above all, high-quality communication skills and a good
sense of understanding the business and economic environment.
He observed that Aesha Sutaria, the summer intern, is very active and actively participating in all
banking activities. She has good networking with other interns from different institutes on the
programme. She is taking initiatives and enhancing her knowledge as well as skills there. He also
tendered a suggestion to pre-train the students for the summer training programmes so that they
can adapt to actual market environment and able to enmesh their theoretical knowledge with the
live working systems. The efforts should be made to groom them with all qualities to make them
an asset for the organization they work.

Prepared By: Dr. Sushant Nagpal

L. J. Institute of Management Studies, LJMBA

Kotak Mahindra Bank, Shivranjani

Mr. Uday Kotak, is the Executive Vice-Chairman and Managing Director of the bank, and its
principal founder and promoter. Mr. Kotak is an alumnus of Jamnalal Bajaj Institute of
Management Studies. The Kotak Mahindra group is a financial organization established in 1985
in India. It was previously known as the Kotak Mahindra Finance Limited, a non-banking
financial company. In February 2003, Kotak Mahindra Finance Ltd. The groups flagship
company was given the license to carry on banking business by the Reserve Bank of India (RBI).
Kotak Mahindra Finance Ltd. Is the first company in the Indian banking history to convert to a
bank.
HR DEPARTMENT-KOTAK MAHINDRA BANK:
We have 7 students at Kotak Mahindra Bank in different departments.
Ashka is pursuing training under MR. Himanshu Srivastava. She is
pursuing training at kotak Mahindra HR Department situated
shivranjani. It is the Gujarat Regional Office.This department mainly
deals with Training and Development, Employee Satisfaction and
Hiring Qualities.She works to improve Hiring Qualities.
Himanshu Srivastava
VP HR

Adani Enterprise
Adani Group, founded in 1988, is one of the fastest growing business houses in India. The Adani
Group has its roots in its flagship company, Adani Enterprises Ltd. (formerly known as Adani
Exports Ltd.), which has been established by Mr. Gautam S Adani in 1988 as a partnership firm
with an initial capital of Rs. 5 lacs. Through his entrepreneurial vision, global aspirations, hard
work, quality standards and customer centric approach, Mr. Gautam Adani has transformed the
Group in one of its kinds which has total turnover in excess of 309 crore INR on year ended Dec
2012.
Devanshi Shah is pursuing her training in the core
finance department of Adani enterprise. She is learning
Budjeting under Mr. Kamal Harlalka. She is been
provided all the data & Information needed for her
study. For me it was pleasant experience visiting this
particular company as Mr. Kamal has been my
student at B.K School of Management in an
executive MBA. He has also shown his willingness
regarding efforts for getting Adani enterprise for
final placement at our campus.
Mr. Kamal Harlalka, Assistant Manager
Prepared By: Prof. Akshit Gandhi

L. J. Institute of Management Studies, LJMBA

Kotak Mahindra Bank, Paldi

Department: Customer Service Department
Nirali has been given training on how to approach a
customer and serve them.
Calling the customer and take feedback about the
services provided by the bank.
Solve the basic queries of the customer. E.g.
checking their account no. , account balance, CRM
number.
Till now following trainings have been provided
to her
Training on types of products the bank is offering.
Training on Insurance By Tata AIG Agent.

Mr. Pinkal Soni, Branch Operations Manager

Training on Gold Loan

Training on Trade Finance
Basically she has been doing all sorts of cross selling for the branch and there by adding value to
the branch sells.

Kotak Mahindra Bank, Prahladnagar

Kotak Mahindras Prahalad Nagar Branch is situated at a corporate road so it mainly attracts
corporate client rather than retail clients. So Ankita
was exposed to corporate client servicing at Kotak
Mahindra Prahalad Nagar Branch. Mr. Samir Dave
has been guiding her regarding acquisition of walk in
customers & potential customers & also regarding
sustaining them with good servicing. He had some
complaint regarding Ankita benig reluctant to sells
calls. Otherwise more or less he was happy with her
progress. Subsequently I also met the Branch head
who recently joined the branch.
Mr. Samir Dave, Branch Operations Manager
Prepared By: Prof. Akshit Gandhi

L. J. Institute of Management Studies, LJMBA

GIFT INTERNATIONAL FINANCE TEC-CITY

GIFT aspires to cater to Indias large financial services potential by offering
global firms a world-class infrastructure and facilities. It aims to attract the
top talent in the country by providing the finest quality of life.It is estimated
that GIFT would provide 500,000 direct and an equal number of indirect jobs which would
require 5.76 million square meter of real estate office and residential space.
GIFT is conceptualized as a global financial and IT services hub, a first of its kind in India,
designed to be at or above par with globally benchmarked financial centers such as Shinjuku,
Tokyo, Lujiazui, Shanghai, La Defense, Paris, London Dockyards etc.
GIFT is planned as a financial Central Business District (CBD) between Ahmedabad and
Gandhinagar as a greenfield development. GIFT shall be a part of the future urban complex of
Ahmedabad & Gandhinagar. GIFT is designed as a hub for the global financial services sector.
More particularly, state-of-the-art connectivity, infrastructure and transportation access have
been integrated into the design of the city. GIFT Master Plan reflects a sophisticated planning
approach that integrates the intended program into the existing context of both the site and the
region. The GIFT development is expected to become a contemporary model development in
India, advancing the ideas of sustainability and ecology. The project regenerates the area as highquality, mixed use district of residential, commercial and open space facilities that optimize land
and real estate values.
Projects at GIFT
GIFT has recruited Dhrumil Dixit mainly to work in the area of Finance Account and Audit
where he is asked to prepare Feasibility report of GIFT (Phase 1). Dhrumil reports to Mr. Nirav
Patel, Assistant Vice President Finance and Audit. The feedback of the student was taken from
the company on around 25th June 2013. The overall feedback student was found to be
satisfactory.
Mr. Nirav and Mr.Avichal gave a very positive feedback for Dhrumil pursuing their internship in
the company and complimented by adding that he is very sharp, committed, good presence of
mind and sense of purpose. He said the skills required by the students are adequate but again
stressed that students can work more in the area of communication. Dhrumil is doing his work
sincerely and regularly. They added that they are very happy with Dhrumils work.
GIFT was very positive for future outlook and long term collaboration with our college in terms
of recruitment for SIP, Final placements and live projects too.

Prepared By: Prof. Abhijeet Singh

L. J. Institute of Management Studies, LJMBA

ASIAN GRANITO INDIA LTD

In September 2002, the promoters of Asian Tiles Limited acquired entire
shareholding of Vasudev Textile Industries Limited. The companys line of
business changed from cloth trading to Ceramic tiles and accordingly renamed
as Asian Granito India Ltd. Mr. Kamlesh Patel is CEO. The company is setting up a new
industrial undertaking for manufacturing vitrified tiles at Dalpur village, Sabarkantha district,
Gujarat. Asian Granito India Ltd. is a company incorporated in India with head office in
Ahmedabad. The company is into manufacturing of various kinds of tiles including vitrified tiles,
ceramic tiles, wall tiles and agglomerated marble stones. It is having its manufacturing unit at
Himmatnagar. Recently, it got its ISO 14001 Certification. The company is one of the leading
wall tile manufacturers in India. Annual turnover is around Rs. 796 Crore in 2012-13. The
company exports in around 37 countries.
One of the LJMBA student, Atrey Upadhyay, is pursuing internship in that company. Mr.
Kirtisinh Jetavat, Manager Sales and Marketing, gave positive feedback for that student. He said
the skills required by the students are financial analysis, project feasibility and report
preparation. The candidate is doing his work sincerely and regularly. His topic is Bank Proposal
for Solar Power Project They want to establish Solar Power based plant in future.

Prepared By: Prof. Disha Mehta

L. J. Institute of Management Studies, LJMBA

SHASHI INDUSTRIES
Shashi Industries has been in the incense industry since 1960, and is one of the leading
manufacturer and exporters of Incense sticks, Dhoop sticks, Bakhur, perfume Roll on, Soaps,
Reed diffusers, Car freshener etc., in more than 250 active fragrances with different and unique
packaging. They are known for unique quality of fragrances, in house quality control, R & D
Facilities to monitor the quality of perfumes and scheduled deliveries. Mr. Shashikant R.
Vadhar is CEO of the company. SHASHI INDUSTRIES currently operates with 3
manufacturing units covering 1,00,000 sqft area based in Bangalore (South India) Ahmedabad
and Bhavnagar (West India) with the labour force of around 800 employees with the production
capacity of 4,00,000 packs per day which is equivalent to 4 containers of 20ft. International
presence of Shashi Industry is in countries like China, South Africa, U.K., Japan, Malaysia,
Thailand, Brazil. Companys turnover is around 10 Crore.
One student from LJMBA, Ashish Satiya, is pursuing internship from Shashi Industries in
Finance. His project is on Mangment of Receivables at Shashi Industries. Ms. Deepali gave
positive feedback of student. She said he is sincere and hard worker. Student is getting training in
how to do all banking transaction. He is also placed in Account department for studying various
financial statements. Shashi Industries require students from Marketing, HR and Finance
specialization. So there is opportunity for LJMBA students.

Prepared By: Prof. Disha Mehta

L. J. Institute of Management Studies, LJMBA

Siddhi Beverages
Overview:
Siddhi Beverages , a Ahmedabad based company is promoted by
Meena M. Parikh and Jay M. Parikh is in business since 2005. The
company is in the Food and Beverage sector and has an annual
turnover of approximately 1 Crore Rupees. Siddhi Beverages caters
to the local market and has an employee strength of 45 employees
and is still growing. The company is launching new soft drinks by
the end of 2013.
Project assigned and Mentor:
Mr. Maheshbhai Patel, Accounting Head , is guiding our student, Ankit Devani, in his summer
internship at Siddhi. Our student has been assigned the task to carry out Ration Analysis of the
Firm and help in account keeping. The student is required to have an understanding of
accounting and general bank dealings of the company to carry out the work effectively.
Feedback:
The company mentor has given a positive feedback for the student and is happy with his
sincerity, discipline and the efforts being put to carry out the task assigned to him. The guide is
also happy with the domain knowledge that the student possesses of the management area.

Prepared By: Prof. Meetali Saxena

L. J. Institute of Management Studies, LJMBA

SHREEJI ART
Student Name: Krishna Soni

Established in 1965, Shreeji Art was started by Mr. Sanjaybhai Soni in

Manekchowk, Ahmedabad. With an annual turnover of more than a crore, this jewellery
business runs its office with a total of seven employees. Based at home, the company has
not maintained any trade relations abroad and professes to believe in the Swaminarayan
sect. The visitor is immediately struck by the religiosity which pervades the company.
Student feedback was obtained from the company
on July 9, 2013. In a bustling business centre like
Manekchowk, one would expect a business to
import and export products. However, Shreeji only
caters to the domestic market.

Mr. Sanjay Soni, Manager, Shreeji Art Jewellers

This year, Shreeji hired one student from L.J. College of Management for the summer
internship project. The project being pursued by the student involves financial and
accounting skills. Sanjaybhai said that the student shows up for work regularly and he is
impressed by her sense of professionalism.

Prepared by: Dr. Archan Mehta