Friday, August 26, 2011

PRAGAMAN’11, The Entrepreneurship Conclave at Institute of Management, Nirma University: Day 2

Entrepreneurship conclave, on its second day, continued enriching the audience with insights into entrepreneurship through its eminent group of speakers.

Kamal Surana and Dinesh Jain
The 4th session was addressed by Mr. Sankalp Bajpai, AVP (Projects), GVFL. The session was chaired by Prof. Chugan.
Mr. Bajpai began by elaborating the role of a venture capitalist in pushing the dreams of an entrepreneur.  He also shared his knowledge on various external sources of finance, its different stages and investment. Mr. Bajpai mainly focused on Private equity financing and Angel Investors. 
He also shared the different views of famous venture capitalists like, George Doriot and many more. Mr. Bajpai also shared insights on what are the Dos and Don’ts of venture financing. 
He went on to explain the intricacies of venture capitalists funding and the decision making process. According to him, an ideal Venture Capitalist is the one who has good industry networking, knowledge in finance and core industry, and ability to multi-task, with more than one investment rounds. 
Mr. Bajpai also busted many myths that surround Venture Capitalist funding. He emphasized that the growth of a venture mainly depends on the passion and ability of the entrepreneur himself.  He ended the session by explaining to the future entrepreneurs how they can go about approaching and selecting their venture capitalists.
The 5th session was graced by the presence of Mr. Dinesh Jain & Mr. Kamal Surana (Alumni Batch 2009).It was chaired by Prof. Satish Nair.
Mr.Dinesh Jain is working for his own Family business, that of Textile, by the name of Parshvanath Printex.  Mr. Jain talked about the various changes that he thought were needed in his business. Bringing in new ideas that are contradicting the old ones is never easy, but it is that thinking process that contributes to one’s learning.  He also spoke about the various strategic decisions that he had to make initially were great learning experiences.
Next to address the session was Mr. Kamal Surana. He started his own enterprise- SMS Idea, that mainly deals with sending out ‘bulk corporate messages’. He began by telling the audience about his business and how he came up with the idea. He wanted to start his own business instead of joining his own family business. Riding on the strengths of his innovative ideas, he started his own firm. He said that continuous improvement and learning is of utmost importance. 

With this another successful session of PRAGAMAN’11 concluded on a high note.

(Content Courtesy: Yash Pandya)


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