Sanchit Nagpal, Aayush Lohi and Burhanuddin of the Indian Institute of Management-Nagpur (IIM Nagpur) won the first prize in the business plan competition of V-Guard’s annual Big Idea competition for engineering and B-school students.
Satyam Munot, Sujeet Chaubey and Srishti Bhat from Indian Institute of Management-Bodh Gaya and Khushal Narendrakumar Agarwal from IIM Nagpur were declared first and second runners-up in the competition out of a total of 20 teams shortlisted for the final.
Alekhya Chilukuri, Ramanathan M, and Anurag Baruah from IMT Ghaziabad and Rithuvanthi B, Praveenkumar Santhanam, Saravanan SK from IIM Nagpur were eligible for Special Jury Awards.
Nirma University’s Nagesh Agrawal and Ketaki Anil Shinde have bagged the first prize in the Big Idea Tech design competition. R Darshan, GM Chindananda Swamy and Muzammil Bagewadi of MS Ramaiah Institute of Technology and Laveena Wels, Nandu Rajeev and Sayooj VS of Muthoot Institute of Technology and Science were the first and second toppers respectively.
Krishna Prasad PS, Tomin VJ and Abhinu Sundaran of Muthoot Institute of Technology and Science qualified for the Special Jury Award.
The theme of this year’s competition was ‘The Next Big Leap’. Finalists were asked to present insights and innovative ideas for business growth in line with V-Guard’s business strategy. It witnessed more than 300 entries from top business schools and engineering schools across the country.
The winners of the business plan competition received cash prizes worth ₹ 2 lakh, ₹ 1 lakh and ₹ 50,000 for the top three positions, respectively. The Big Idea technology winners received cash prizes worth ₹ 1 lakh, ₹ 50,000 and ₹ 25,000 for the first three positions, respectively.
The four-member jury that selected the B Plan winner was chaired by Rajesh Nair, Business Leader, EY LLP, Kochi along with V Ramachandran, Managing Director & Managing Director, V-Guard, Sudarshan Kasturi, Senior Vice President & CFO, V-Guard. and Arif Mohammad Kooliyat, VP-New Product Development, V-Guard Industries Ltd.
The ideas presented by the participants were evaluated based on parameters such as ingenuity, practicality of use, practicality, simplicity and the positive impact it can have on V-Guard’s business and its consumers.
Mithun Chittilappilly, Managing Director, V-Guard Industries awarded the winners.
The event has created a platform for interaction with key leaders of V-Guard, where young minds can discuss and understand business challenges to fine-tune their thought process and foster their innovative spirit.