Sterlite Power completes merger of subsidiary and announces consolidated PAT of INR 942 Cr for FY 2020

Bengaluru, 13th January 2021 : Sterlite Power, a leading global power transmission player, has announced the completion of merger of its wholly owned subsidiary Sterlite Power Grid Ventures Ltd. with the parent entity. With this merger, the company further strengthens its position in the marketplace by integrating operations and streamlining the corporate structure. Post the merger, Sterlite Power has announced the audited annual results for Financial Year 2020 recording outstanding growth in revenue and profit.

Key Financial Highlights
Consolidated Revenue up by 44% y-o-y at INR 5,158 Cr
Consolidated EBITDA up by 434% y-o-y at INR 2,406 Cr
Consolidated Profit After Tax up by 280% y-o-y at INR 942 Cr
ROCE of 28%

Sterlite Power is increasingly focused on integrating renewable energy (RE) to the grid and has been awarded vital projects connecting the national grid to clean and green energy. The company has added several Inter-State Transmission System (ISTS) projects to its portfolio in FY20 including the Lakadia-Vadodara Transmission Project Ltd. (LVTPL) which is part of India’s Green Energy Corridor (GEC). The company also commissioned its first project in Brazil (Arcoverde) 28 months ahead of schedule, which was designed to evacuate renewable wind energy. Through its unique asset monetization strategy, the company has realized additional liquidity of INR Rs 2450 Cr from the monetization of three projects in India (NRSS 29, OGPTL and ENICL) and three projects in Brazil (Pampa, Arcoverde and Nova Estado).



Apart from achieving significant milestones in terms of project wins, execution, and asset monetisation, it has been an exceptional year for the company in terms of prestigious global and national recognitions:
Winner of ‘Construction Project of the Year’ at the S&P Global Platts Energy Awards 2019 for NRSS-29 project in Kashmir.
Gold Winner in the mega-sized project category at the IPMA Global Project Excellence Awards 2019 for NRSS-29 project.
Economic Times (ET) Innovation Awards for Skyrob™ – a semi-autonomous robot developed in-house to ensure safe OPGW stringing under live-line conditions.
Featured as case studies by India’s premier management institutes: IIM Ahmedabad and ISB Hyderabad.



Commenting on company’s performance, Mr. Pratik Agarwal, Managing Director, Sterlite Power, said, “We are driven by our core purpose to enable access to reliable power while minimizing the impact on climate change. As the world makes rapid transition towards clean energy, and India targets 450GW of renewable energy by 2030, we will contribute towards this noble cause by creating the required transmission infrastructure so that green energy can reach the most underserved households.”

As humanity adapts to the new normal defined by the pandemic, access to uninterrupted power has become the lifeline for society and economy. With the added urgency to avert the bigger crisis of climate change, Governments across the globe have accelerated the transition from fossil fuel to clean energy. In this new era, Sterlite Power is playing a critical role by enabling access to reliable power with an increasing focus on integrating renewables to the grid.

With its unique asset monetization strategy and strong project execution capabilities, the company has delivered strong financial results. Sterlite Power’s Annual Report 2019-20 can be accessed here.

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,700 circuit kms and 26,100 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE. Sterlite Power has been recognised with The Economic Times Innovation Awards 2020 and is a recipient of prestigious global awards from S&P Global Platts and International Project Management Association (IPMA).

www.sterlitepower.com

Paytm Payments Bank leads the market with 6 million Fastags as sales increase with deadline extension

Bengaluru, 11th Jan 2021 : India's homegrown Paytm Payments Bank Ltd (PPBL) today announced that it is the leading issuer of FASTag in the country with over 6 million FASTags, as more citizens avail the service with the government extending the deadline for its adoption. Paytm FASTag has gained popularity amongst users in the country due to its seamless onboarding and integration process which requires minimum documentation, instant activation and unmatched customer care support. PPBL has now enabled cashless toll payments across 250 plazas in the country.
Paytm FASTag has become the country's most preferred toll payment method as it allows users to directly pay from the Paytm Wallet. Users do not need to create any separate account or download a wallet to recharge their FASTags. Tags issued by other banks require buyers to provide multiple documents like ID proof, photographs, share personal details & maintain separate accounts and login credentials. Also, unlike tags from other banks which may require a couple of hours to get activated, Paytm FASTags are activated instantly from the moment users receive it. All FASTag transactions can be monitored on the Paytm app. Users can raise complaints on the app itself which are addressed by a dedicated customer support team working 24x7.

Satish Gupta, MD & CEO - Paytm Payments Bank Ltd. said "It has been our humble endeavour to empower Indians with the same convenience and seamlessness on-road that our app provides to our users in their daily lives. The innovations that we have made in technology and the deep trust in our bank has helped us become the leading issuer of FASTags in the country. Users have embraced the convenience of paying for tolls directly from their Paytm Wallet and not create separate accounts. We continuously strive to ensure that customers are always charged the correct toll and have a hasslefree time on the road. We aim to expand our services across the length and breadth of the country and contribute towards building fully digital journeys on highways."


Paytm Payments Bank is the top issuer and the largest acquiring bank under the National Electronic Toll Collection (NETC) programme. It has also meticulously analyzed claims of higher toll charges raised by toll plazas against users. Paytm Payments Bank has fought on the behalf of users against higher charges owing to misidentification of vehicles and double taxation. It has also successfully reversed the vast majority of wrong toll charges. Ensuring that users are not inconvenienced, Paytm Payments Bank has the distinction of being the FASTag issuer which raised 60% of all disputes and 95% of all arbitration cases in the National Electronic Toll Collection Program.

DOCTORSMATRIMONY.COM - EXCLUSIVE SITE FOR DOCTORS LAUNCHED BY MATRIMONY.COM

Bengaluru, 11th January 2021 :Based on its successful history of matching lakhs of doctors over the past 20 years and its understanding that majority of doctors prefer life partners from the same profession due to shared values, Matrimony.com announced the launch of "DoctorsMatrimony.com" exclusively for the medical professionals. The service is available on the app, mobile site and desktop.

Through the matrimony.com services, lakhs of doctors have chosen another doctor as a life partner. In fact, Matrimony.com saw a 40% increase in the number of doctors registering over the past 3 years. Interestingly women doctors have no hesitation in signing up on Matrimony.com services as proven by the fact that 54% of the current doctor members are women and only 46% are male doctors.

The matrimony business opportunity is huge for this category. As per the National Health Profile 2019, the total number of registered allopathic doctors in India is 11,54,686, number of dental surgeons is 2,54,283 and registered AYUSH Doctors in India is 7,99,879.

Doctors can register and choose their match not only by religion, city, community, education but also by specialisation. DoctorsMatrimony offers privacy and safety while searching for their suitable life partner. The “Who Can See Me” feature helps doctors control who can view their profile and contact them. Other features offer doctors privacy by giving them control to choose who can view their photos.

Elaborating on why they launched an exclusive service for doctors, Murugavel Janakiraman, Founder and CEO – Matrimony.com says, “Most doctors feel the need for a companion who understands their profession and shared values well and that seems possible when the life partner is also a doctor. Through our current app, we have understood the unique preferences of the doctor community. Seeing lakhs of doctor couples find each other through our services over the past 20 years, it was but natural for us to launch DoctorsMatrimony.com. Covid also drove us to focus on serving the healthcare community heroes better through an exclusive service.”

Download Android app: https://play.google.com/store/apps/details?id=com.doctorsmatrimony

Visit https://www.doctorsmatrimony.com/

About Matrimony.com Limited

Matrimony.com is India’s leading consumer Internet Company. It is a signature consumer internet conglomerate, managing marquee brands such as BharatMatrimony, CommunityMatrimony and EliteMatrimony. BharatMatrimony is considered the largest and most trusted matrimony brand which has also established a considerable retail presence with over 130 self-owned retail outlets across India. The Company delivers matchmaking and marriage related services to users in India and the Indian diaspora.

Trane Technologies’ Thermo King Offers Complete Cold Chain Solutions for Transport and Storage of COVID-19 Vaccines in India

Bengaluru, 5th January 2021 : Thermo King, by Trane Technologies (NYSE: TT), a global climate innovator, has launched its expanded portfolio of cold chain solutions in India, which can keep vaccines at temperatures from a range of +25 degrees Celsius to as low as -70 degrees Celsius.The company’s advanced cold chain technologies will help address the unique challenges of COVID-19 vaccine distribution in India, whose large population is spread across vast and varied geographies, from densely populated cities to far-flung rural communities.


“Safety and reliability of the cold chain is critical to meeting the urgent need for everyone to have access to vaccines,” said Allen Ge, president of Trane Technologies in Asia Pacific. “Our recently launched SuperFreezers were initially developed to flash-freeze high-end seafood. Our teams quickly adapted and developed a good solution for COVID-19 vaccines transport, which require ultra-cold temperatures to prevent degradation. We’re proud to support this historic effort in India and around the world with our technologies and cold chain expertise.”


COVID-19 vaccine distributionis expected to start in India in the coming weeks, following the central government’s announcement of guidelines for states and Union territories for distribution of vaccines once they become available.

The first approved COVID-19 vaccines must be kept at deep-frozen temperatures down to -70 degrees Celsius, and will be shipped in dry ice. A container using dry ice may require re-icing if it sits for an extended length of time, such as during a long haul or on the airport tarmac, or if the contents are exposed to ambient temperatures during transfers. Thermo King’s refrigerated solutions can extend the life of dry ice or even eliminate the need for it.




Now, Thermo King products are being used by transport companies such as FedEx and UPS which are directly involved in the transport and distribution of the Pfizer vaccine in US.




As more COVID-19 vaccines are approved, they will have different temperature requirements – some will need very low temperatures, while others will require typical refrigerated conditions. Thermo King stands ready to meet all these requirements with technologies to maintain and monitor temperatures across climate conditions, temperature needs, and modes of transportation – air transport, marine, rail, trailer, last-mile delivery.

Temperature control plays a critical role in safeguarding a vaccine. If there is a break in the cold chain, and a temperature-sensitive product like vaccine falls outside of the required temperature range, the result could be the loss of an entire load of high-value, life-saving medicine.

Safeguarding against breakdowns in the cold chain can quickly become a very complex operation from a logistics standpoint. And this is made even more complex when you consider the circumstances around a COVID-19 vaccine. Imagine devising a logistics plan to deliver more than 1.3 billion vaccines across the Indian sub-continent as fast as possible, not knowing exactly where the manufacturing points will be, the volume of doses, or how cold the vaccine will need to be kept.

And this isn’t the cold chain as we know. Aside from the stress caused from the vast number of vaccines that need to be distributed, we also need to plan for non-traditional delivery points, such as mobile clinics, which will require precise temperature control and safeguards in all modes of transport and storage. Reliable and temperature-controlled equipment that provides security, traceability and temperature monitoring is more critical than ever.




Thermo King’s end-to-end transport and storage solutions are flexible and able to scale up and down based on demand. Particularly, when ultra-low temperatures is needed, the SuperFreezers can provide transport and storage capability with an ultra-low set point of -70C and can store up to 60 times more doses compared to traditional reach-in freezers in use today.

“We are actively engaging with third-party logistics companies, policymakers, regulators and other industry partners to find ways to strengthen the vaccine cold chain,” said Kishor Patil, Trane Technologies HVAC & Transport, India & SAARC Country leader. “We will use our global expertise to address the complexities and challenges of getting these life-saving vaccines to people across India, as we are doing in other regions around the world.”

Thermo King works with a global network of nearly 900 dealers and partners, and around 60 dealers and partners in India, to ensure end-to-end temperature control solutions for food, medicines, vaccines and other perishable cargo. Along with SuperFreezers, its portfolio includes road transport solutions (truck & trailers), air transport solutions, marine transport solutions, containers and portable cubes that can easily be scaled and repositioned to different locations as demand changes.



# # #



About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more information, visit www.tranetechnologies.com.

About Thermo King

Thermo King – by Trane Technologies (NYSE: TT), a global climate innovator – is a worldwide leader in sustainable transport temperature control solutions. Thermo King is the only company that delivers connected, end-to-end temperature-controlled transport and storage solutions across the cold chain. For more information, visit www.thermoking.com or www.tranetechnologies.com.

GLOBAL REVEAL OF RENAULT KIGER IN INDIA ON JANUARY 28

Bengaluru, 5th January 2021 : After generating a lot of exhilaration with the showcase of the Renault KIGER Showcar, Group Renault will be globally premiering the eagerly awaited Renault KIGER in India on January 28, 2021. Slated to revolutionise the B-SUV segment in India, Renault KIGER is a Stunning, Smart and Sporty offering to be first launched in India, followed by other markets.



Renault KIGER has already made a strong impression for its distinctive styling, which is sporty, masculine and modern. Built on the CMFA+ Platform, Renault KIGER will come loaded with several smart attributes and features which will include some best-in-class offerings that will complement the design and styling of the car. Renault KIGER will be powered by an all new turbo engine and will offer an exciting drive.



Renault KIGER will be the latest in the line of revolutionary products launched by Renault in India. Just like DUSTER, KWID AND TRIBER, KIGER will also change the dynamics in its segment and will be yet another game changer from Renault. Renault KIGER will be launched in the B-segment which accounts for more than 50% of the total industry sales and will be instrumental in growing Renault’s presence across the country.



A collaboration between the Corporate design teams in France and Renault India design, Renault KIGER will be the third global car from Groupe Renault to be launched in India first, followed by other markets.





ABOUT RENAULT



Renault India Pvt. Ltd. is a fully owned subsidiary of Renault S.A.S. France. Renault India cars are manufactured in the manufacturing facility located in Oragadam, Chennai, with a capacity of 480,000 units per annum. Renault India also has a widespread presence of more than 415 sales and 475+ service touchpoints, which include 200+ Workshop On Wheels locations across the country, with benchmark sales and service quality.



Renault India’s product line up and services have seen strong recognition among customers and industry experts alike, winning more than 60 titles, making Renault India one of the most awarded automotive brands in a single year in India. The Renault KWID has already bagged 32 awards, including 10 ‘Car of the Year’ Awards.

Lionsgate Play to exclusively premiere the most acclaimed show of 2020 ‘Normal People’ in India

Bengaluru, 5th January 2021 : Lionsgate Play, the newly launched premium streaming service is all set to premiere the most acclaimed show of 2020 ‘Normal People’ on its platform. Directed by Lenny Abrahamson and Hettie Macdonald ‘Normal People’ is an Irish drama television series based on the 2018 novel of the same name by Sally Rooney. The series is about the relationship between Marianne Sheridan (Daisy Edgar-Jones) and Connell Waldron (Paul Mescal), as they traverse adulthood from their final days in secondary school to their undergraduate years. The series is about the on-again, off-again relationship between two Irish teenagers that portrays the beauty and ruthlessness of first love perfectly.

The show with 12 episodes has been recognized as The New York Times BEST TV SHOWS OF 2020 and have been nominated four times for Emmy awards for Acting, Casting, Writing and Direction.

Mr. Rohit Jain (Managing Director South Asia and Networks - Emerging Markets Asia at Lionsgate) commented, “We are delighted to bring Normal People exclusively on Lionsgate Play app for the Indian viewers. The show is a perfect combination of phenomenal storytelling, a talented star cast and thoughtful direction. The response received from the audiences across countries have been very encouraging. We are confident the that it will be appreciated by the fans in India as well.”

The series features Marianne and Connell through their time at secondary school in County Sligo on Ireland's Atlantic coast, and later as undergraduates at Trinity College Dublin. Marianne is shown to be bullied by her peers at school, but she refuses to care about her social standing. Despite her academic achievements, her family life is complicated with contemptuous mother, Denise, and her annoyed brother, Alan. Connell is a high-achieving student living with his single mother Lorraine, who is employed by Denise as a cleaner. He is popular in school, though he remains quiet while Marianne is constantly bullied. This creates complexity as their relationship develops. Watch the series on Lionsgate Play to know how their story unfolds.



About Lionsgate Play:

Lionsgate Play, a premium streaming service from Lionsgate India and Starz, offers bespoke Hollywood content for Indian consumers. It boasts of thousands of hours of Premium Hollywood content including Premieres, billion-dollar Franchise Movies and binge worthy Box Sets. Lionsgate Play has a widely distributed network in the region spanning across partnerships like Vodafone Idea, Bharti Airtel, Jio FTTH, Apple TV+, Amazon Firestick, OEM’s with an ambitious roadmap ahead. Lionsgate Play also develops and produces a diverse slate of high budget premium Indian originals.

Hon’ble PM Shri Narendra Modi lays the foundation stone for the permanent campus

IIM Sambalpur embarks on a new journey in the new year 

2nd January 2021, Sambalpur : Indian Institute of Management Sambalpur, one of the most promising and dynamic management institutions among the new generation IIMs of the country, witnessed another giant leap in the advent of the new year. Hon’ble Prime Minister of India, Shri Narendra Modilaid the foundation stone of the permanent campus of IIM Sambalpur virtually today.

The ceremony was also graced by Hon’ble Governor of Odisha, Shri Ganeshi Lal, Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik, Hon'ble Minister of Education, GOI, Shri Ramesh Pokhriyal ‘Nishank’, Hon'ble Minister of Petroleum & Natural Gas and Steel, GOI, Shri Dharmendra Pradhan, Hon'ble Minister of State of MOAHD & Fisheries and MSME’s, GOI, Shri Pratap Chandra Sarangi, Hon'ble Member of Parliament, Shri Nitesh Ganga Deb, Hon'ble MLA, Shri J N Mishra, Hon'ble MLA, Shri Nauri Nayak, Smt. Arundhati Bhattacharya, Chairman, Board, IIM Sambalpur and former Chairperson of the State Bank of India, and Prof. Mahadeo Jaiswal, Director, IIM Sambalpur. The ceremony was virtually attended by over 5000 invitees, which include dignitaries from the Govt. of India, Govt. of Odisha, industry leaders, PSUs executives, directors of IIMs, IITs, IISERs, media journalists, members from the weaving community, members from farmer community, students, alumni, faculties, and staff of IIM Sambalpur.

In his addressal, Hon’ble Prime Minister of India, Shri Narendra Modi, said, “With the laying of the foundation stone of IIM Sambalpur, we also lay the foundation of a new era for the youth of the country. I am sure that IIM Sambalpur will make Odisha the hub of management education. This decade will be devoted to the development of new Multinational corporations (MNCs) in India. Despite of COVID, India has given a number of unicorns this year. These are largely growing in tier 2 and tier 3 cities. Today’s startups are tomorrow’s MNCs. These startups need able managers and those passing out of this institution will lead the way.”

He further added, “With its core values of Integrity, Innovation and Inclusion, IIM Sambalpur will show the country the power of management education. It is the responsibility of the students at the institute to bring global recognition to ‘Brand India’ and encourage development and focus on inclusion of all. Students of IIMs must come up with new ways to turn local to global. I am confident that the efforts of IIM Sambalpur will contribute towards a ‘Atmanirbhar Bharat’.”

Hon’ble Governor of Odisha, Shri Ganeshi Lal, said, “Odisha and entire Eastern India will lead India towards transformation, innovation and change. Students are the sustaining factor of the eternal values, 'bhay se mukt aur bhav se jukt'. Odisha will be an engine for transformation of the country into a new India. I am sure, Odisha and entire Eastern India will lead India towards metamorphosis, innovation and change. IIM Sambalpur can transform the world through the management skills they impart.”

Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik, said, “In its 5 years, IIM Sambalpur has already proved its mettle as a premium management institute and excelled in its ways. IIM Sambalpur has been aspiring to be an Entrepreneurial Hub in the State of Odisha. It has signed MoU with the Ministry of Small and Medium Enterprises with emphasis on nurturing the entrepreneurial talent of the local weavers and agro-based business models. We look forward to working with IIM Sambalpur in areas of common interest. I pledge the support of this government to IIM Sambalpur in all its endeavours.”

Hon'ble Minister of Education, GOI, Shri Ramesh Pokhriyal ‘Nishank’, said, “One day IIM Sambalpur will be renowned globally for its feats. The students of the institute will not only become responsible citizens but will also become entrepreneurs who help in job creation. They will become brand ambassadors for India in the world. I am sure that IIM Sambalpur will ensure through entrepreneurship and innovation Hon’ble Prime Minister’s vision of 5 trillion economy and help in building an Aatmanirbhar Bharat.

Hon'ble Minister of Petroleum & Natural Gas and Steel, GOI, Shri Dharmendra Pradhan, said, “I believe that IIM Sambalpur will become a hotspot of global economy. The institute will help in new economic model creation for the rich area of Sambalpur.”

Hon'ble Minister of State of MOAHD & Fisheries and MSME’s, GOI, Shri Pratap Chandra Sarangi, added, “IIM Sambalpur is a premium institute and in a short span they have reached heights that are praiseworthy. They are among the top 75 management institutions of the country.”

Hon'ble Member of Parliament, Shri Nitesh Ganga Deb, said, “The new IIM campus will definitely improve infrastructure for the students and faculties alike. I hope the pass outs of the institute will prove themselves as the best entrepreneurs of our Country.”

Speaking on occasion, Smt. Arundhati Bhattacharya, Chairman, Board, IIM Sambalpur and former Chairperson of the State Bank of India, stated, “Our effort here is to go beyond giving degrees. Our ambition is that when the student leaves this Institute, they are more a mature entrepreneur with creative mindset and are employment providers to many others. Our new premises will imbibe the traditional architecture of Odisha and we are committed to ecological sustainability: to this end, our new premises will also be environmentally friendly and energy-efficient.”

Further, Prof Mahadeo Jaiswal, Director, IIM Sambalpur, stated, “IIM Sambalpur was setup in 2015 by the Government of India to nurture individuals with an entrepreneurial mind set. We work with Innovation, Integrity and Inclusion as our core operating principles. In line with the vision of the New Education Policy, IIM Sambalpur has embraced an innovative shift in its teaching learning pedagogy from teacher centric to learner centric. The concept of flipped classroom has been introduced by bringing industry live project to the classroom that increases student engagement and learning. We have had one of the best gender diversities with 49% female students. We want to thank our Hon’ble Prime Minister for laying the foundations stone. We also want to convey our heartiest gratitude to Hon’ble Governor of Odisha, Hon’ble Chief Minister of Odisha, Hon'ble Minister of Education, Hon'ble Minister of Petroleum & Natural Gas and Steel and all other dignitaries, friends and members of the IIM Sambalpur family who have been a part of this grand day.”

The permanent campus of Indian Institute of Management Sambalpur is to be developed in an area of land measuring approximately about 200 Acres at Basantapur village near Goshala near Sambalpur City. In Phase- I, 60,280 sqm approx. built-up area under various buildings of the Project shall be constructed.

The most striking feature of the campus will be the incorporation of regional art that creates a symbiotic relationship with the architecture. Odisha’s traditional IKAT—a patterned textile-dyeing technique—is mapped onto the brick facade with remarkable elegance, in colors similar to the soils of the state.

The 4-star GRIHA rated sustainable campus will follow energy efficient and ecologically sensitive principles of development. Domestic water consumption will be reduced by using Dual Flushing Cisterns, less water consuming urinals, showers, faucets, etc. The campus will be 100% day lit in regularly occupied living areas and fresh air ventilated interior spaces. Treated water from STP will be used for irrigation and flushing. Use of LED lighting and ECBC complied energy efficient electric appliances like DG Sets, transformer, lifts, pumps, motors etc. will help in considerably reduced electricity consumption.

The phase I works will have major buildings like Administration Building, Faculty Block, Academic Block, Auditorium Block, MDP Block including Guest House, Library & Incubation Block, Hostel buildings, Mess & Dining Block, Shopping & Activity Block, Sports & Recreation with OAT, Faculty Residence and Staff Residence, Directors Bungalow, Community Centre and Site development work etc.



About Indian Institute of Management Sambalpur:

Indian Institute of Management Sambalpur (IIM-S) is one of the most promising and dynamic management institutions among the new generation IIMs of the country located in Sambalpur, Odisha, India. IIM Sambalpur was established by MHRD, GOI in 2015 and was declared as an Institute of National Importance as per the IIM 2017 Act. The Institute is already taking positive steps since its inception as a place for Entrepreneurial Innovation and Experiential Learning. IIM-S currently offers full time Master in Business Administration (MBA) and PhD programs and more courses to be added in near future. The Institute outscores all other IIM’s in terms of its gender diversity and its unique experiential learning pedagogy called “Flipped Classroom”.