Besant Group of Institutions, Mangaluru


Pre Conference Workshop On Start-Ups

February 19, 2020

Preconference workshop on start-ups in association with Kanara Chamber of Commerce and Industry (KCCI) was organized on Wednesday, 19th February 2020 at Nethravathi Auditorium.

There were more than 300 participants in the workshop out of which 96 participants comprise of members from corporates, faculty members and students from institutes in and around Mangaluru

Objectives: Students should be encouraged to develop an entrepreneurial mindset through experiential learning by exposing them to training in cognitive skills (e.g. design thinking, critical thinking, etc.), by inviting the first generation local entrepreneurs or experts to address young minds. Initiatives like idea and innovation competitions, workshops, seminars, conferences, exhibitions, mentoring by academic and industry personnel, throwing real-life challenges, awards and recognition should be routinely organized. To prepare the students for creating the start-up through the education, integration of education activities with enterprise-related activities should be done.  With this objective workshop on startups was organized.

The workshop began with the prayer; Ms. Rahasya Pai from KCCI welcomed the gathering, Mr.Isaac Vas, President of KCCI inaugurated the workshop by lighting the lamp. Mr. Kudpi Jagadish Shenoy, President of Womens’ National Education Society (WNES) presided over the programme.

Addressing the gathering, Mr. Isaac Vas said that there are three types of entrepreneurs: Those who do business solely for profit, those who believe in giving the best products and services to consumers and lastly those who want to bring about change. “Ideas that seemed crazy or even imaginable just a few years ago are commonplace today,” he said, pointing to Uber, Ola, and Airbnb as examples.

He advised the delegates to harbor high entrepreneurial vision. “The world is changing demographically and there is enough space for new entrants in business,”

Dr. Molly S. Chaudhuri, Director of MSNM Institute gave a vote of thanks. Muddassir Khadar, Asst. Professor was the programme compere.

Mr. Ajith Kamath K., Mr. Naveen Narayan, Mr. Santosh Prabhu, Dr. Madanmohan Rao, and Mr. Avinash Karanth are the resource persons for the workshop. WNES Vice President Manel Annappa Nayak and members Nagar Narayan Shenoy and Raghav Kamath were present.

Inaugural program was followed by technical sessions.

Expert Session 1: Business Plan

Speaker: Mr. Ajith Kamath, Proprietor of Ajith Enterprises

 Mr. Ajith Kamath cited examples from his own journey, such as becoming eligible to bid for contracts by first becoming a sub-contractor to gain experience. He also called for more exposure about the business and entrepreneurship world for engineering and IT students, and vice-versa.
 Though circumstances may change the business plan helps see broader connections, and holds the founders and employees accountable to their commitments. The very act of writing things down makes concepts, marketing, and financials more explicit, Ajith explained.

Expert Session 2: How to fund your Start-up

Speaker: Mr. Naveen Narayan, Fellow Member, Institute of Chartered Accountants of India.

Funding needs for entrepreneurs vary across the stages of ideation, discovery, validation, customer creation, and company building. Funding sources for the startup journey vary during ideation (self-financing, business plan competition prizes, family), validation/seed (angels, crowdfunding, incubators, government grants), early traction (Series A: early stage venture capital), and scaling (growth stage VCs, PE). There are also grants given to new startups, but not to modified entities formed by splitting up or the reconstruction of an already-existing business. There are also grants given to new startups, but not to modified entities formed by splitting up or the reconstruction of an already-existing business. Mr. Naveen advised founders to research the implications of each type of investment with respect to risk, repayment, involvement, duration, and return to investors, pressure, and decision-making.

Expert Session 3: Legal Compliance

Speaker: Mr. Sathosh Prabhu, Co-Founder Intelex IP Solutions

Mr. Santhosh Prabhu said, the foremost and pretty crucial thing after the incorporation of a business entity is to follow up with its compliances. Hence, before you register your company, you should know whether you would be able to comply with its compliances or not.   But how would you figure out? For the same, you need to find out the compliances of the business entity you have chosen to register with. He also gave the details regarding the registration process and formalities.

Expert Session 4: Business Scalability

Speaker: Dr. Madanmohan Rao, YourStory Media  TiE Bangalore

Dr. Madanmohan Rao insisted on the journey from ideation to scaling up business ideas. Founders need to reflect on their journeys and aspirations and decide whether they want to remain small enterprises or global players. He also gave examples range from corner medical shops to large-scale chains like Radha Medicals or CVS. Ola and Paytm are good examples of Indian startups going global.

Expert Session 5: Native Startups

Speaker: Dr. Lionel Aranha, Chartered Accountant & a Lawyer in consulting practice in the Finance & Legal Area.

In his session Dr. Lionel Aranha discussed the different ideas for entrepreneurship while looking at innovation leading to Start-up/Incubator. He discussed the different concepts and issues related to upcoming entrepreneurs with reference to global examples and challenges in the world economy at large. He also invited students to discuss any of their ideas or business in-process so as to make it more realistic and opportunistic.

All the sessions were followed by questions and answers session in which students got their doubts solved. All the speakers’ encouraged and motivated participants to think out of the box and insisted the youth to be in start-up and create the success story of their own venture. The program was quite informative and interesting too.

Feedbacks were taken from all the participants. Positive response was received from major set of participants, with most of them requesting for further such workshops.

Union Budget 2020 Analysis by CA S. S. Nayak

February 7, 2020

An analysis of the Union Budget was presented by Mr S. S. Nayak on Friday February 7, 2020 at Swarna Hall. The Union Budget for the Fiscal Year was presented by the Finance Minister Ms Nirmala Sitharaman of Saturday February 1, 2020 in the Lok Sabha. 

CA S.S. Nayak is a Practising Chartered Accountant in Mangalore for the last 31 years. He completed his CA Articleship from C Agarwal and Co, Mumbai and LLB(Gen) from Mumbai University. Mr. Nayak is an active member of various professional bodies and has delivered numerous expert talks in national as well as international forums. He was an invited speaker at the Muscat Chapter of the Institute of Chartered Accountants of India on topics of FDI and NRI Taxation. He was also an invited speaker in world famous “AKKA” Sammelana in 2018 held in Dallas, USA.

Mr. Nayak is continuously delivering lectures on “Analysis of Union Budgets” in various forums for the last 2 decades. He is regularly featured in Namma Kudla 24*7 Channel “Business Tonic”, a popular programme for Entrepreneurs on Finance, Taxation, Property and other business matters. His expert views on the topics have been well received across sections of society. He is an active member of many social/professional organizations. He regularly writes columns on Tax and Financial matters in newspapers and magazines. He is also the author of "Words of the Wise" and "More Words of the Wise".

Mr.Nayak has mentored thousands of MSMEs in the region and has been bestowed with "NITTE-KBL LIFETIME ACHIEVEMENT AWARD 2018" for his immense contribution for growth & development of MSMEs at the Nitte-KBL MSME Conclave held at Mangalore in November 2018.

He has also been awarded the "Life Time Achievement Award for mentoring thousands of MSME start ups" at the BCCI-HDFC Bank MSME Conclave held at Mumbai in March 2019.

He was awarded the "Samaja Ratna Award" at Rajangana Shri Krishna Temple, Udupi in May 2019 for his immense contribution to the society.

Mr SS Nayak began by explaining the salient features of a union budget and the changes in India’s Budget since 2017. He stated that the date for presenting the Budget advanced from March to early February, to allow for discussion on the bill. He also stated that since 2017, the Railway budget has been incorporated with the Union Budget. He also stated that GST is governed by the GST commission and falls outside the purview of the Union Budget.

Commenting on the features of the Union Budget 2020, he stated that Agriculture, Start ups and MSME sectors have been the main focus, with revisions made to various benefits. Another significant change is the modification in the tax slab for Income tax, and the option of selecting the preferred tax scheme. One point to be noted is that where the assessee opts for the lower tax bracket, he forgoes essential deductions such as HRA, LTA etc. there has also been a change in the criteria for determining Ordinarily Resident in India. This is to ensure all Indians, whether resident or NRI pay tax, either in India, or elsewhere. Other features of the Budget include the change in exemptions to real estate and housing, abolition of Dividend Deduction Tax,  auditing and filing of returns by Individual, Partnership firms and HUF, capital gains tax, and education. A new scheme introduced by the ministry involves local corporations and municipal bodies hiring fresh engineering graduates for a one year internship program.

Mr SS Nayak opined that the present government is aimed at increasing spending and consumption to give a boost to the economy, rather than savings. This is depicted in the removal of many standard deductions enjoyed in the past. 

Manel Srinivas Nayak Memorial Dialogues on Professional Managers - Sri George Albuquerque Pai, Managing Partner, M/s A. Albuquerque & Sons

November 23, 2019

The programme began with a prayer by Ms. Sushmitha, followed by the presentation of Security statement by Prof. Reema Agnes Frank. The welcome address and introduction of guests was given by Prof. Nanditha sunil.

George Albuquerque is the fourth generation entrepreneur for this traditional family owned business A Albuquerque and Sons, Mangaluru. He is presently the managing director of this firm which is a reputed manufacturer of clay roofing tiles. It was established by his forefather Alex Albuquerque Pai in 1868 under ‘Sun’ brand name. It is the first tile factory in the region to be started by an Indian. Today, it is also the oldest surviving tile factory in Mangaluru. Their tiles are used in India as well as abroad.

Speaking about his experiences of having worked closely in the tile industry for the last 48 years, Albuquerque highlighted the nuances that went in to the running of the firm’s business after the death of his father, Cyril Albuquerque. Highlighting his journey of success and challenges in the family business, he spoke of how tile industry was adversely affected due to the modern construction practices shifting from tiles to concrete and sheet roofing. Encouraging the students to become entrepreneurs, he stressed on the need for integrity and a “Never Say Die” attitude. “Always be ethical and honest in your dealings,” he advised the students and budding entrepreneurs.

Cecilia Albuquerque, members of the governing council of MSNM Besant Institute and Women’s National Education Society were present on this occasion. As part of the programme, the dignitaries planted a mango sapling in the campus. Later, they lit the lamp at the portrait of the institute’s founder President, late Manel Srinivas Nayak, after whom this institute and the dialogue series is named.

Initiating the dialogue series, a number of questions were posed by Sri V. Leeladhar to Sri. George Albuquerque relating to his personal and entrepreneurial life. Sri. George Albuquerque spoke on his early life, his career growth, his life experiences, deep insights about his entrepreneurial journey, the need to read inspirational books, ability to dream big, importance of intelligent hard work, importance of balancing personal and professional life.

The audience comprising of faculty members and students of other colleges and ours of were very much appreciative of the way Sri V. Leeladhar conducted the entire programme. They deemed it a great opportunity in their life to have witnessed the deliberations of two great personalities Sri. George Albuquerque an entrepreneur par excellence and Sri V. Leeladhar, who is internationally known for his financial acumen and transformational leadership. Dr. Molly S Chaudhuri, Director of our institute proposed the vote of thanks.

MSNM Besant Institute of PG Studies Observes Rashtriya Ekta Diwas

October 31, 2019

MSNM Besant Institute of PG Studies in association with Nehru Yuva Kendra, Mangalore, organized a programme to commemorate the Birth Anniversary of Sardar Vallabhbhai Patel – Rashtriya Ekta Diwas (National Unity Day) on Thursday, October 31, 2019 at MSNM Besant Campus in Bondel, Mangalore.

The Chief Guest for the event was Lt. Col. Gracian Sequeira, Administrative Officer, 18, Karnataka Battalion NCC, Mangalore.  Addressing the students Lt. Col. Sequeira said: “Though our country is diverse in caste, creed, religion, culture, and other such aspects, we stand unitedas one nation.” He gave an insight into the importance of Ekta Diwas and how Sardar Vallabhai Patel played a significant role in single handedly integrating the Nation.  “Just like every drop of ocean matters, every single student and citizen matters in building a nation. The Army works tirelessly along the borders to ensure that the Nation sleeps peacefully. The Army feels quite happy and proud whenever citizens acknowledge their efforts on eventful days such as Ekta Divas and Kargil Vijay Diwas,” he said.

“Due to the way in which we are conditioned to think from a young age, many people are narrow-minded when it comes to religion, caste or creed. Students who are the flag bearers of our great nation are in a unique position to bring about a change in the attitudes, look beyond religious divisions and put the nation first in everything that they do,” he said. Mr. Raghuveer Souterpete, District Youth Coordinator, Nehru Yuva Kendra, Mangalore, was the Guest of Honour. Heemphasized on the need to join National Cadet Corps and how it leads topersonality development of the student by impartingqualities like communication skills, leadership skills, discipline and time management. He introduced Nehru Yuva Kendra and encouraged the students to be a part of its activities. Dr. Vishnu Prasanna K.N, Dean, MSNM Besant Institute of PG Studies administered the Unity pledge to all present. Dr. Molly S. Chaudhuri, Director, MSNM Besant Institute of PG Studies, delivered the presidential address. Mrs. Nanditha Sunil, Asst. Professor, MSNM Besant Institute of PG Studies, coordinated the programme.

MRPL-MSNM Inter-Professional Collegiate Debate Competition

October 30, 2019

MSNM Besant Institute of Post Graduate Studies in association with MRPL organized the MRPL-MSNM Inter-Professional Collegiate Debate Competition for students of professional colleges of Mangalore and Manipal on Wednesday, October 30, 2019. MSNM Campus at Bondel was the venue for the event. The debate is a part of MRPL’s Vigilance Awareness Programme for students. The theme for this year is “Integrity - A Way of Life”.

Shri Rudolph Noronha (GM Corporate Communications, MRPL) inaugurated the Programme by Lighting the lamp.  He spoke on the relevance of integrity in everyone’s life. “Life provides immense opportunities to those who dare to dream.  Many people who were at the pinnacle of their professional lives have collapsed because they did not enough attention to Integrity,” he said.  

Presiding over the function, Shri Raghav Kamath, Member of the Governing Body, WNES, stressed on the importance of communication skills and knowledge. “Without communication skills, we cannot express our ideas clearly,” he said.

Shri Praveen Pinto administered the integrity pledge. An Integrity Pledge Kiosk was set up in the Institute Lobby for students to take the integrity pledge.

24 students from 11 colleges participated in the debate. The contestants were judged by members of Toastmasters Clubs. 6 teams qualified for the final round. Father Muller’s Medical College bagged the First and Third places while Mangalore Institute of Technology and Engineering (MITE) bagged the Second place.  Deepak Baburaj of MITE was adjudged as the Best Debator.

Shri Rajeev Kushwaha (CVO, Vigilance Dept, MRPL) was the Chief Guest for the valedictory program.  He urged the students to maintain integrity in all phases of life. He insisted upon unconditional honesty. This means doing the right thing in every situation irrespective of whether we stand to suffer loss for some time.

The guest of honor was Shri Sanjay Verma (GGM, I/C Refinery, MRPL). Quoting Newton’s Third Law to he said, “When there are temptations standing in the way of ethical behaviour, we should understand that every non-ethical action has an equal and opposite consequence. The supreme quality of leadership is integrity, which means doing the right thing even when no one is watching.”

Shri V. Leeladhar, Former Deputy Governor–RBI, in his presidential remarks said that debate competitions help in gaining a holistic view on a topic as it takes into account both sides of the argument. Ms. Ridhvika Shetty, Asst. Professor, MSNM Besant Institute of PG Studies, coordinated the programme.