IIT-Delhi win CIMA business competition

Written By Unknown on Rabu, 10 April 2013 | 22.23

MUMBAI: The Chartered Institute of Management Accountants (CIMA) announced The Ambers from IIT Delhi as the India finale winners at the CIMA Global Business Challenge 2013, held in Mumbai. The day witnessed interesting ideas from participants and in-depth insights from industry representatives on a case from the toy industry. The winning team was declared after a closely fought presentation round and will now contend at the Global finals in South Africa with winning teams from 24 other countries.

The eight teams that qualified for the national finals were from - NIT Surathkal, Loyola Collage, IIT Guwahati, IIT BHU Varanasi, Sardar Patel Institute of Technology, Narsee Monjee College of Commerce and Economics, IIT Delhi and Shri Ram College of Commerce.

This year CIMA also announced - additional awards apart from Winners and Runners-up-Best Video and the Best Speaker awards; Sahebjeet Singh Arora from the winning team won the Best Speaker award with Shri Ram College of Commerce winning the Best Video award. Narsee Monjee College of Commerce and Economics were declared runner-ups of GBC 2013.

The 5th CIMA GBC 2013 is a unique global case study competition for undergraduates. After an unparalleled success for the last four years, the 5th edition of the CIMA GBC 2013, witnessed over 480 teams from various colleges of immense repute across India registering for the competition. This year's case challenge was based on the toy industry.

The finalists went through a rigorous selection process, which included a case study report submission and a regional final before they made it to the India Finals. The Ambers from IIT Delhi was declared the winner by a panel of eminent judges comprising of Sridhar Ramamurthy, CFO, Hindustan Unilever, Deepa Dev, Director - Finance, Barclays Bank Plc, Ramesh Swaminathan, CFO, Lupin Pharma, Siddharth Viswanath, executive director & Partner,

PricewaterhouseCoopers (PWC), Neville Dumasia, Partner & National Leader, Risk Advisory services, Ernst & Young and Sumit Dhanuka, Senior Manager, Ncubate Capital Partners.

The winning team will represent India and compete with teams from countries such as Australia, Bangladesh, China, Ghana, Hong Kong, Indonesia, Ireland, Malaysia, the Middle East, Myanmar, Nepal, New Zealand, Pakistan, the

Philippines, Poland, Russia, Singapore, South Africa, Sri Lanka, Thailand, UK, Vietnam, Zambia and Zimbabwe, in the Global Finals to be held in South Africa in August 2013. The 2013 CIMA Global Business Challenge is sponsored by Barclays India who is the official partner for this competition.

Arati Porwal, Chief Representative, CIMA India said, "The Global Business Challenge 2013 is an internationally acclaimed platform, which facilitates bringing forth young business leaders' unique strengths, enabling the participants to test their financial knowledge and expand upon their competitive ability. Like the CIMA qualification in management accounting, GBC gives the students an opportunity to prepare themselves for leadership positions in the global corporate world. We are delighted with the successful culmination of the India finals. The team from IIT Delhi has proven their superior business acumen and showcased good leadership, communication and problem solving abilities. We wish them best wishes for the Global Finals and hope they emerge as winners."

The international competition provides students with a great opportunity to test the depth of their financial knowledge, try out their business management skills, expand upon their competitive ability, and has even led to internship opportunities from well known organisations. The participating teams at the CIMA GBC are expected to analyse, report and present on a CIMA case study. Along with exciting cash prizes for the Global winners, teams winning the regional and national rounds also won many prizes and free participation to a host of CIMA workshops.

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