Role
of venture capitalist in seeding Business ideas.
Conducted
on
07/10/2017
On
Saturday, Narmada College of Management had organised a one to one session with
venture capitalist, CA Nainesh Pandya, where students had an opportunity to
showcase their Business Plans.
Dr.
Subhash Yadav sir introduced CA Nainesh Pandya, who possessed rich experience
and qualifications in commercial dealings.
He
cleared his Bachelor in commerce with first class from Gujarat University, completed
Chartered Accountant with specialisation in Operation Research and System
Analysis. He was also the 10th rank holder in Company Secretary Exam
all over India.
He
also wrote a book on “Saral Vera Padhati”
which is about presumptive taxation. He has also conducted various bank audits
as well as he is an Alumni of IIM Ahmadabad.
SMEs:
CA
Nainesh Pandya started his presentation and scheme of discussion on topic “Why Entrepreneurship”.
He explained this by particularly emphasising on small medium enterprises
(SMEs).
In
order to relate his topics of discussion, he requested students to sit in
cluster of their respective B-Plan group. There were about 7 groups who were
ready with their presentation; each group had exclusive idea with them.
The
very first point he stressed upon was that why Documentation is the most important map while planning out
something big.
Entrepreneurship
is significant for the following reasons like economic growth, new
opportunities, creating employment, sustainability etc.
Another
major topic focussed upon was the (SMEs) Small and Medium Enterprises as they
ensure stability, responsible and are contributors towards improving viability
for future.
The
major sectors covered by SME’s are food processing, marine products,
agricultural inputs, chemical and pharmaceutical industry, engineering and
electrical products and textiles & garments.
Talking
about SMEs, he had various suggestions and improvements for the 7 teams who
were ready with their business plans and imparted knowledge and information
regarding the whole process from:-
SCHOOL STARTUP SMEs
LISTING.
He
then went on with the main topic as to the “Role of Venture Capitalist for
growth of Entrepreneurs”, where he mentioned one good characteristic that a
plan or an idea should be judged by the results and not the process, which
itself was a huge message for the upcoming Entrepreneurs.
Along
with a good idea it should be followed by a good strategy, where he discussed
three main interlocking aspects as Strategic
intention, strategic assessment and strategic choice.
It
was a great time and opportunity that the students of NCM got to spend with
such an erudite person, with an interactive session.
Sir
also promised to meet soon with many more such innovative Business ideas.
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