Business Club

Business Club, IIT Kharagpur

Activities	Finance, Consultancy, Analytics
Founded	2009 (2009)
Founder(s)	Shailesh Gupta Harsh Gupta Sudipto Sannigrahi Mayank Mundra
Website	bclub.co.in
Contact	+91 707 660 7515 (Kumar Sparsh) +91 993 389 9257 (Udit Sarin)
Under TSG	Yes

Business Club, popularly known as B-Club, is IIT Kharagpur’s in-campus society for all things business. It is a knowledge sharing interface for like-minded individuals operating through a ‘knowledge-session’ approach. The Club also reaches out to the student community by organising Open House sessions, and increasingly, the general public, through initiatives like the Financial Literacy Drive.

History

Founding

Business Club was founded in 2009 as Genese-de-Strategie by Shailesh Gupta, Harsh Gupta, Sudipto Sannigrahi, and Mayank Mundra. Genesie-de-Strategie was started with a primary objective to educate the students about the world of business strategies. The founders felt a need for students to be informed about the working of the business world for their growth. Over the course of a year, they realised the need to have a more wholesome approach to the world of business. They formed the Business Club in 2010 with a broader perspective toward business.

Growth

• Indian Case Challenge and the Indian Biz Challenge organised by the Club have been huge success over its growth years.
• Affiliation to Technology Students’ Gymkhana (during the academic session 2014-15) brought official recognition to the club.
• The Business Club has started to reach out to the entire student population of the college by conducting Open House Sessions for their benefit.
• Financial Literacy Drive organised by the club has been an attempt at helping the society with the expertise available with them.

Functioning

File:B-Club freshers' seminar 2015.jpg

Ashutosh Dwivedi and Shiladitya Saha conduct the B-Club freshers' seminar in Kalidas auditorium in 2015.

Selections

Selections to the Business Club are held at the start of the academic year and are a one-time opportunity. Selection procedure consists of a group-discussion round followed by personal interview for the shortlisted candidates. Prospective members aren’t judged based on their business acumen, but on their ability to think clearly, present thoughts in a concise and structured manner, their dedication, and their zeal to learn.

Structure

Business Club has a four-levelled organisational structure.

• Advisors consist of fourth and fifth year members and are the senior most members whose experience helps in guiding the overall direction of the club.
• The executive body comprises of Governors and Heads who are in the third year of their study. They are responsible for heading various wings of the club and its management.
• The team of Sub-heads is responsible for day-to-day functioning of the club and execution of its plans. It consists of students in second year of their study.
• Associates are the first years who have a passion to win and are generally business oriented. These members are oriented towards gaining as much knowledge as they can from the pool of knowledge available with the seniors.

The functional structure of Business Club consists of three wings – finance, analytics and consultancy. These wings include all that happens within the world of business.

Knowledge Meetings

Organising knowledge meetings is the way by which knowledge dissipation happens in the Club. These meetings are conducted by Club members, where they meet and brainstorm on various topics of interest. A strong network consisting of resourceful seniors and mentor professors clarify any doubts the members may have and make the meetings fruitful.

Club members also work toward organising various competitions and Open House sessions and initiatives like the Financial Literacy Drive which build up their professional network and management skills.

Open House Sessions

Business Club is striving to impart basic knowledge about the various facets of business, thus making the students of IIT-Kharagpur more capable of making a mark on the ever evolving global industry.

Open house sessions in basic finance, supply chain management, consultancy et. al organised in conjunction with leading experts from their industries have gone a long way towards this.

Indian Case Challenge

Indian Case Challenge was conceived by the founders when they visited Germany for the Global Business Challenge. Inspired by the nature of the competition, they recognised the importance of having a similar competition in India, and thus Indian Case Challenge was born.

Started in 2012,Indian Case Challenge,a national level case study competition, became one of India’s largest in terms of the participation it sees and the prize money at stake. It challenges the best Undergraduate and Graduate students from all over India to compete against each other and prove their business and entrepreneurial mettle in a real life business case scenario. Not only are the participants expected to have strong business skills and financial understanding, but also a feeling for entrepreneurship and a sense for realising market opportunities.

The 2016 edition was  conducted in association with Kshitij-the annual techno-management fest of IIT Kharagpur.ICC 2016 saw B-club joining hands with CIMA,XIMB and RMSoEE.as knowledge partners.It was sponsored by CIMA and ITC. With more than 600 teams registering,it saw participants from all over the country passionately thinking of out-of-the-box ideas.  

Financial Literacy Drive

In order to expand the reach of the club and help the community along the way, a Financial Literacy Drive for disadvantaged poor households in an around the campus of IIT Kharagpur was organised.

The objective was to bring forth the advantages of savings and insurance schemes with particular focus on financial instruments like fixed and recurring deposits.

Club members visited the localities, communicating ideas on a door-to-door basis, reaching over 200 families in the process. A talk on Financial Literacy for farmers was also held at Agri-Expo 2015.

Governors and Heads

2014-15

• Governors
  • Sarthak Badjatiya
  • Shramajit Gupta
  • Virendra Singh
• Heads
  • Analytics: Pranay Yadav
  • Consultancy: Pratyush Devliyal
  • Finance: Umang Mavani
  • Technical: Ravikiran Shinde

2015-16

• Governors
  • Ashutosh Dwivedi
  • Nishant Jayaswal
  • Shiladitya Saha
• Heads
  • Analytics: Raunak Chitlangia, Shubhrit Agrawal
  • Consultancy: Manik Aggarwal
  • Finance: Dhruva Ratanpura
  • Technical: Murtaza Phalasiya, Rajat Bhavnani
  • Logistics: Rihen Chheda, Ritwik Bajaj

2016-17

• Governors
  • Kumar Sparsh
  • Udit Sarin
• Heads
  • Analytics: Charu Agarwal, Shwetha Krishnamurthy
  • Finance: Debjyoti Chakrabarti
  • Consultancy: Medha Asija
  • Technical: Shubham Singhal, Vaibhav Chauhan

Achievements

Year	Competition Name	Organisers	Location	Competition Type	Team	Achievement
2016	Campus Beats	ZS Associates	Kharagpur	Case Study	Nishant Jayaswal,Shiladitya Saha,Rajat Bhavnani, Kumar Sparsh	First Runners Up
2016	Smart City Challenge	IIM Bangalore	Bangalore	Strategy	Dhruva Ratanpura and Team	Runners Up
2016	Techniche	IIT Guwahati	Guwahati	Case Study	Kumar Sparsh, Charu Agrawal,Udit Sarin, Harsh Agarwal, Hitendra Pratap	Winners
2016	Solvay Business Game	Solvay Brussels School of Economics and Management	Brussels, Belgium	Business Game	Dhruva Ratanpura, Nishant Jayaswal, Manik Aggarwal, Rihen Chheda, Murtaza Phalasiya	Finalists
2015	CIMA Global Business Challenge	CIMA	Mumbai	Case Study	Shramajit Gupta and team	National finalists
2015	Global Investment Banking Valuation Olympiad	Global Banking Training in association with Greensea Capital	London	Financial Valuation	Umang Mavani, Sarthak Badjatiya, Dhruva Ratanpura, Ashutosh Dwivedi	World top 10 finalists
2015	Techniche	IIT Guwahati	Guwahati	Case Study	Murtaza Phalasiya, Nishant Jayaswal, Rajat Bhavnani	Winners
2015	9th GMBCC	Universitas Gadjah Mada	Indonesia	Case Study	Rounak Gulati, Dhruva Ratanpura, Murtaza Phalasiya	Semi-finalists
2015	Inter IIT Tech Meet	IIT Kharagpur	Kharagpur	Case Study	Rounak Gulati, Shramajit Gupta, Umang Mavani	Winners
2015	Paycheck	Kshitij	Kharagpur	Personal Finance	Nishant Jayaswal, Vasudha Todi, Kumar Sparsh	2nd runners up
2015	Le Play’s Marathon	Kshitij	Kharagpur	Case Study	Ashutosh Dwivedi, Souvik Bhattacharya, Priya Mehta	1st runners up
2015	Le Play’s Marathon	Kshitij	Kharagpur	Case Study	Nishant Jayaswal, Shaswat Datta, Charu Agrawal	3rd runners up
2014	National Students Space Challenge	SPATS	Kharagpur	Case Study	Nishant Jayaswal, Shaswat Datta, Shwetha Krishnamurthy, Kumar Sparsh	Winners
2014	Petrocase	SPE	Kharagpur	Case Study	Virendra Singh and team	Winners
2014	Techniche	IIT Guwahati	Guwahati	Case Study	Shramajit Gupta, Umang Mavani, Ashutosh Dwivedi	Winners
2014	VJTI Consultant	VJTI	Mumbai	Case Study	Nishant Jayaswal, Shwetha Krishnamurthy, Priya Mehta	3rd runners up
2013	Petrocase	SPE	Kharagpur	Case Study	Shramajit Gupta, Umang Mavani and team	1st runners up
2013	Techniche	IIT Guwahati	Guwahati	Case Study	Rounak Gulati, Pratyush Devliyal, Ravikiran Shinde	Winners
2013	B-Consigliere	Kshitij	Kharagpur	Case Study	Rounak Gulati	Winners
2013	Speak out for Engineering	Institute of Mechanical Engineers		Paper Presentation	Rishabh Kataruka	Asia-Pacific finalist
2012	Ojass	NIT Jamshedpur	Jamshedpur	Case Study	Rounak Gulati	1st runners up
2012	E-bizz	St. Joseph College	Bangalore	Economics Summit	Rounak Gulati	1st runners up
2011	Business Masters	KIT	Germany	Case Study	Shailesh Gupta, Sudipto Sannigrahi, Srichandana	Only Indian team selected
2011	Concipio	E-Cell	Kharagpur	Business Plan	Nalin Gupta	Winners
2011	B-Plan	Kshitij	Kharagpur	Business Plan	Sudipto Sannigrahi	1st runners up
2011	Yukti	NSIC	-	Business Plan	Avigyan Karan	Winners
2011	E-waste reuse event	STC	Illinois	Case Study	Shailesh Gupta, Nalin Gupta	Winners
2010	Concipio	E-Cell	Kharagpur	Business Plan	Siddhartha Verma	Winners
2010	Ecomagination	GE		Case Study	Akhilesh Betanamudi	Special Students Award
2009	Concipio	E-Cell	Powai	Business Plan	Shailesh Gupta	Winners
2009	Srijan	IIMC	Calcultta	Business Plan	Shailesh Gupta	Winners