Welcome to the ITBHU Chronicle, August 2008 Edition Alumni World Section.
Alumni Association Update
Bylaws and FAQ for Organization Structure posted online
Chronicle Editor @ Aug 27, 2008
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We have received the following message from our alumni association:

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We are pleased to announce that the organization documents for IT-BHU Global Alumni Association are now ready and available online on our website:
 
http://www.itbhuglobal.org/org/archives/2008/08/organization_do.php
 
The documents available for public review are as shown below:
 
IBGAA Bylaws
FAQ about Organization Structure
 
These documents are interims in nature and subject to revision in future. You are welcome to view the documents and post your comments on the website.
Thanking you,

IT-BHU Global Alumni Association
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Elections for CoRs will be announced soon
Chronicle Editor @ Aug 27, 2008
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We have received the following message from our alumni association:

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IT-BHU Global Alumni Association is working on plan to hold election for Council of Representatives. The elections will be held as per our bylaws and FAQ for Organization Structure. These documents are already posted on our website, as stated above.
 
The Council will have Representatives from alumni, students, faculty and permanent staff, as per the rules stated in bylaws. The plan will be shortly finalized and posted on our website www.itbhuglobal.org soon.
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Alumni Meet and Reunions
IT-BHU Alumni meet at Washington DC-Report
Chronicle Editor @ Aug 27, 2008
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Meeting of newly formed Washington DC chapter of IT-BHU was held on Aug 2nd, 2008 at Tandoori Nights, Arlington, Virginia for an informal get-together and to know all the Alumni living around Washington DC. The meet was attended by 17 alumni from BHU and IT-BHU, ranging from 1961 to the class of 2006. The meet covered alumni form Virginia, Maryland, Washington DC, Pennsylvania and New Jersey.

We were obliged to have Dr. Vinod Goel, retired Professor of Marketing and Management, University of Maryland and his wife Mrs. Darshi Goel (both alumni of BHU) as a guest of honor to discuss over many issues of common interest. Dr. Goel graduated from BHU in the year 1961 with an M.Com and Law degree.
Highlights of the meeting are as follows:
  • Discussion and update of IT-BHU to IIT, discussion on the new name for IT-BHU was concluded to be IIT-BHU as compared to IIT-Varanasi my majority of people.
  • Four new volunteers decided for the future events are as follows:
    • Lakhwinder Singh (Civil 2006)
    • Sanchit Agarwal (Civil 2003)
    • Ritu Bajpai (Elect 2006)
    • Amit Pandey (Mining 2003)
Others are also welcome to volunteer or initiate a discussion for this group, to do so please contact @ (lakhwinder.singh@gmail.com).
  • An active Google group for all the members was decided to be made shortly to keep the flow of relevant information of common interest.
  • It was decided to have more formal and informal meetings at least every 6 months. Next meeting may occur based on availability of alumni in Dec 2008 or Jan 2009.
Photos of the meeting can be viewed in the Photo Gallery section of itbhuglobal.org website:
httpmeet-wDC1.jpgs://www.itbhuglobal.org/gallery/main.php?g2_itemId=525
 

meet-WDC2.jpg

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Alumni News
Tesla hires Deepak Ahuja (Ceramic 1985) away from Ford to serve as CFO
Chronicle Editor @ Aug 28, 2008
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http://findarticles.com/p/articles/mi_m0EIN/is_2008_August_4/ai_n27969002

New Picture.pngDeepak Ahuja, Seasoned Auto Industry Finance Executive, Joins Tesla Motors as CFO
Business Wire,  August 4, 2008  
SAN CARLOS, Calif. -- Deepak Ahuja, a seasoned auto industry finance executive with 15 years experience at Ford Motor Company, has joined Tesla Motors as Chief Financial Officer.
  
Deepak was previously the New Picture.jpgcontroller for Ford's small cars product development program, a strategic initiative to bring several fuel efficient cars to Ford's lineup in the United States. Previously, Deepak was CFO for Ford of Southern Africa, a $3 Billion subsidiary where he oversaw the finance, legal and IT functions. Prior to that, Deepak served as CFO for Auto Alliance International, a joint venture between Ford and Mazda with over $4 billion in revenue.
 
"Deepak's experience as CFO of multi-billion dollar business units with global sourcing and manufacturing operations makes him the ideal person to lead our finance organization through the company's next period of rapid growth," said Tesla CEO Ze'ev Drori. "The addition of another seasoned auto industry executive to the senior management team at Tesla demonstrates that Tesla is focused on combining the best of what Detroit and Silicon Valley has to offer in building the next great American automobile company."
 
"The opportunity to work for the leading alternative energy automobile company in the world, and one with as strong a brand as Tesla, is very exciting," said Deepak. "The team here has the vision, passion and the determination to make Tesla a driving force of change."
 
Deepak holds bachelors and masters degrees in Materials Engineering from Banaras Hindu University and Northwestern University, respectively and an MBA from Carnegie Mellon University. Deepak, his wife and two daughters have moved from Michigan to Silicon Valley, where Deepak will work out of Tesla's San Carlos headquarters.
 
Recently, Tesla Motors announced the appointment of auto industry veteran Mike Donoughe as EVP Vehicle Engineering and Manufacturing. The press release of the previous announcement can be found on Tesla's website.
 
About Tesla Motors
 
Tesla Motors develops and manufactures electric vehicles with exceptional design, performance and efficiency, while conforming to all U.S. safety, environmental and durability standards. The Tesla Roadster is the only highway capable production electric car of any kind for sale in the United States. With a 0 to 60 mph acceleration of 3.9 seconds, a 14,000 rpm redline, and the fastest top gear acceleration of any production car tested by Car & Driver magazine in 2007, the Tesla Roadster is unique in providing super car performance, zero emissions and extraordinary efficiency. For more information, visit www.teslamotors.com.
 
COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
Deepak Ahuja can be contacted at: deepakahuj@gmail.com
 
Additional link:
 
1) Profile of Deepak Ahuja on Company website

http://www.teslamotors.com/media/company_team.php

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Mata Prasad (Electrical 1954) - an expert in electrical protection systems
Chronicle Editor @ Aug 28, 2008
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 http://www.pacw.org/no-pacworldbanner.jpgcache/issue/spring_2008_issue/the_guru/the_guru.html 

 
 
 
 
 
Excerpts:
abcd.pngThe Guru
  
PAC World: Would you tell us something about the places where you were born and where you grew-up?
MP: I was born at Varanasi, UP on 3rd April 1932 and completed High School (Commerce) from Sanatan Dharam High School in 1948, Intermediate (Science) from Banaras Hindu University 1950 and B.Sc., Electrical Engineering from Banaras Hindu University in 1954, in Varanasi.

PAC World: Do you think there was something special during your school years that affected your future?
MP: I was quite keen to study engineering, especially mechanical engineering, since the day I started school due to my special fascination for machines and mechanical gadgets. Unfortunately, I had to continue my academic education until high school with non-science subjects like commerce, bookkeeping and accounting. However this did not discourage me from pursuing an engineering education.
 
PAC World: Did your family influence your career?
MP: I lost my father in 1948 just before my high school examination. The inspirational support I received from my creative mother gave me all the strength to complete my engineering courses - securing first division in all the four years of my engineering education.
I believe, it was God's wish that none of my close relatives came forward to guide or support me in my efforts and I surrendered to Almighty God to guide me all the way. This proved to be a blessing as I received all the help from HIM and I never felt alone. The strength of my mother and guidance from Above kept me fully energized to realize my objectives.

PAC World: Did you have any special interests while in school?
MP: I did have interest in pencil sketching, instrumental music, drama and some games like volleyball, but my special inclination was towards reading everything I could lay my hands on, including novels, stories and mythological/religious masterpieces like Ramayana, Mahabharata and Bhagavad-Gita. The contribution and direct influence from Shri Jaishankar Prasad, a great name in Hindi literature who was a close friend of my father and quite influential. I had time allotted to study my normal course and general literature studies that did not leave me time for indoor or outdoor games. I always felt a shortage of available time during my youth and even today I feel that there isn't enough time and so many things to do.

PAC World: How and when did you decide to study electrical engineering?
MP: The four year engineering course at BHU consisted of two years for combined study in civil, mechanical and electrical engineering. In the third year, one has to select whether to pursue a mechanical or electrical discipline.
As I said earlier, I had a blind infatuation for mechanical engineering however a group of my Electrical Engineering professors, especially Prof PC Dutt, Prof MC Pandey and Principal M Sengupta advised me to choose electrical engineering as they felt that I was more suited for it.
Today I must admit that my professors correctly judged my aptitude and I owe everything to them.

PAC World: Did you study protection while in university?
MP: Yes, I did study basics of Protection relaying covering Generator, Transformer and Transmission Lines and this particular topic fascinated me especially when I had gone through some of the classic relaying schemes described by Lewis and Tippet, Montieth and others published in AIEEE Transactions . I was later exposed to protection philosophy when I joined active service in UP Electricity Department in 1957.

PAC World: Did you have any other interests while studying? Sports? Music? Arts?
MP: As I said earlier, I did have great interest in music and arts but I could never fulfill my desire to accomplish anything further in this regard. I was very good in pencil sketching of portraits and landscapes. I should have continued in these fields at least after retirement!

PAC World: Where did you start your career? Did you work on power system protection from the beginning?
MP: From October 1954 to January 1955 I was under training in Rihand Hydro project department and then shifted to field duties - responsible for surveying and construction of 33 kV double circuit lines. After joining the Electricity Department as Assistant Project Engineer in 1957, the first technical job allotted to me was to study the Protection System for Rihand Power Plant and draw specifications for protection of 132 kV lines and substations. Thus, I started my career with Protection and that became my first love.

PAC World: Would you describe the most challenging project that you have been involved in?
MP: There were scores of challenging jobs entrusted to me and successfully delivered. For example, the interconnection system of the Obra 1000 MW power plant with nine 400 kV lines of length varying from 140 to 400 km. In 1984, I joined NTPC on deputation for the HVDC Projects and also for handling the associated 400 kV lines from power plants and interconnected network. I had the privilege to be actively associated with the first 400 kV Static Var Compensators at Kanpur, the first 2*250 MW
Asynchronous Back-to-Back HVDC Link between Northern and Western Regions, the first 810 KM Long +/- 500 kV Bulk Power HVDC Transmission from the Rihand Power plant to the Dadri HVDC Receiving Station.

PAC World: You received several awards for science and technology in your country. Would you describe some of them and why you did receive them?
MP: God was very kind to me that I received the following prestigious awards:
CBIP Golden Jubilee award in 1982 for my contribution for successful execution of field tests on 400 KV system
NPSC Award in 1991 for Excellence in Power System Management
"Distinguished Member" of CIGRE (France) Award in 1996 for my contribution in CIGRE Activities in India and abroad
CIGRE Technical Committee Award in 1997 for Outstanding Contribution in SC 14 HVDC & Power Electronics
Scroll of Honour from Institution Of Engineers (I) Calcutta in 1997 as Eminent Engineer
Fellowship of Indian National Academy of Engineering in 1998
CEA Silver Jubilee Celebrations Award for Excellence in Design and Engineering of Power Sector in 2000
Life Time Achievement Award by IEEEMA in 2008 for my contribution on Switchgear and Control Industry in India.

For view full article, open the link stated at the beginning.
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Satish Agarwal (Mechanical 1970) Chairman of Kamdhenu Ispat Pvt. Lyd.
Chronicle Editor @ Aug 28, 2008
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http://www.financialexpress.com/news/Business-is-in-my-bLood/312685/

BEYOND THE BOARDROOM: SATISH AGARWAL
 
‘Business is in my blood’
 
Prachi Raturi Misra
Posted online: Thursday , May 22, 2008 at 20:34 hrs
 
His Mercedes could well have been a Maruti and his business card could have read a manager instead of chairman and managing director. But Satish Agarwal was always ambitious.
 
For a boy hailing from Muzzafarnagar in Uttar Pradesh to make it big in the world of business was never easy. It is his hard work and perseverance that has led him to lord over Rs 372-crore Kamdhenu Ispat Ltd. The ISO 9001:2000 certified company is listed on BSE and NSE and the brand turnover through franchisee manufacturers is Rs 2,000 crore.
 
Today Kamdhenu Ispat is a well-known player in the construction business. “It’s been a slow and steady growth, but that is the way I wanted it to be. I wanted to be sure of each step that I took. I believe in moving ahead only when you are sure of your every move,” says Agarwal.
 
And it’s probably something he inherited from his father who worked as a manager in Nath Bank and Aggarwal Bank in late 40s before he started his own small steel-manufacturing unit after he got disillusioned with the banking world. “He thought that banking wasn’t a transparent business and he should start something of his own,” explains Agarwal. That is how Arya Krishi Yantra Udyog Shala came into being.
 
The core business was to manufacture agricultural implements. At the same time, the family also managed distribution of Dunlop.
 
So, business, Agarwal tells you, was always a part of his life. “It is in my blood. Sometimes you are just born with a business attitude, and I sure was,” he smiles.
 
Agarwal was always a good student and made it to the Pantnagar University, Roorkee University and even Pilani, but decided to take admission in mechanical engineering at Banaras Hindu University because his father wanted him to stay closer home. And given Agarwal’s love for business, he dived into it after he finished his bachelor’s degree in 1970.
 
Three years later he joined the family-owned Muzaffarnagar Refractories Pvt Ltd as its technical director. In 1986, the family started another refractory—Vikas Refractors. By then, Agarwal was learning his lessons fast. “Quality was something that we were very conscious about right from the beginning.”
 
And it’s the same vision that led him and his three brothers to set up Kamdhenu Ispat Ltd in 1994 from a factory in Bhiwadi in Rajasthan after a failed attempt to set up a dairy unit two years earlier.
“In fact, that is how the name came about. I liked it so much that it was stuck in my head. Kamdhenu, according to Hindu mythology, is a cow that came out during the churning of the sea to get the elixir of life. Kamdhenu is supposed to give prosperity to everyone. And that is how I wanted the company to be. It should give prosperity not only for us but also for the whole society,” he reminisces.
When they began their business in 1994, says Agarwal, India was fast evolving. “A new outlook was developing and we didn’t want to miss out on it. Steel was a commodity and we wanted to make it a brand. So, we started a lot of consumer awareness programmes. We wanted customers to get value for their money. We wanted to establish ourselves as a quality conscious company.”
 
The initial years were crucial but they were also the ones that set the company on its journey to success. “We worked hard around our quality. We tried to cut our costs and doubled the manufacturing capacity of our units,” he recalls.
 
The results were out soon. Their business was expanding and the demand started outgrowing the supply. “We had limited capacity, yet we wanted to keep meeting the demands,” says Agarwal. And that is when he thought of pursuing the franchisee model. “We decided to meet the growing demands by involving other manufacturing units. Our catch point was quality, so we decided to oversee their quality and let them use our brand name. They benefited as we gave them 80% of the profit they made and we kept 20% of it.”
 
And it’s these tie-ups, says Agarwal, that makes them what they are today. “We have presence in 39 locations in India and one in Nepal. Today if a manufacturer asks me for material in a remote area, I can deliver the goods in 48 hours at the location thanks to my franchisee in that area.”
 
It’s small surprise then that Kamdhenu has supplied material to biggies like NHAI, Godrej and Infosys and yet not missed out on a little project in say Tamil Nadu or western Uttar Pradesh.
 
Agarwal might be 56, but his age is certainly not a barrier in pursuing his ambitions. “I love my work and I see no reason to retire if I enjoy doing what I do.” So, even after his brothers started their own businesses, he didn’t let his enthusiasm die down. “See, everyone has a different style of working. So it’s all right to do your own thing, I guess. Besides, life has to go on.”
 
So, he is back to talking business even before you notice a hint of emotion in his voice. The next big thing he is looking forward to is the launch of Kamdhenu Paints. “We want to be a one-stop shop for construction business. So, be it windows or paints, we are trying to capture it all.”
 
Ask him if competition is a worry and he smiles. “Competition is healthy. It tells you about the health of an industry. It has to be there,” he opines.
 
But a quality that has probably kept him leading the pack till now, says Agarwal, is his working style. “My employees are my biggest assets. I have people who have worked with me for 30 years. When I go to a factory, any worker has the liberty to walk up to me and discuss his problems.”
 
Basant Bansal, who runs the real estate company M3M, has known Agarwal for more than a decade now. Talking about his friend, Bansal says, “He is a very simple man, but he knows the art of judging people.” Ask him about his working style and Agarwal admits candidly, “ I think my strongest point is my personality. I’m a simple man and I like to lead my life in a simple way. There are people who tell me I should speak differently and behave differently but I am the way I am. I would rather let my work talk.”Another friend Atul Grover, who runs a chemical factory, agrees, “He has scaled great heights, yet there are things about him that haven’t changed. He is still a simple man who loves to help others.”
 
Agarwal’s love for work has also motivated his wife Radha to take care of Kamdhenu Jeevandhara, the social welfare wing of the company. “As a company we’ve always paid attention to our employees, but we are doing it in a more formal way now,” she says.
 
They run a school for their workers’ children and have also set up a computer centre for children and adults. The school is free of cost but they charge a nominal fee for the computer centre so that people are more sincere in their effort.
 
Giving back to the society, says Agarwal, is important. “If God has given me so much, I should share it with others.”
 
If his business keeps him busy, he also makes sure it doesn’t eat into his family time. So when he gets back home, it’s his wife, two sons, their wives and children that get all his attention. “I don’t like thinking of work when I’m home. Though my phone is switched on, I tell most of the people to talk to me in the day,” he says.
 
His mornings begin as early as 5 am. It has been a routine for the past 20 years. Earlier, he also used to swim, play badminton and practice yoga, but a pain in his joint has now reduced his activity to only swimming. Rest of the time is taken up by work. He is a sworn workaholic. “I can’t sit idle for too long. I love my work,” he says.
 
Fact File
* Satish Agarwal is the chairman and managing director of Kamdhenu Ispat.
* A graduate from Banaras Hindu University, he joined his family business after his graduation.
* He started the company in 1994 and today Kamdhenu Ispat is an ISO 9001:2000 certified entity, listed on BSE and NSE. The brand turnover through franchisee manufacturers is Rs 2,000 crore.
* Agarwal started a franchisee system to meet the growing demands of steel. Today the company has presence in 39 locations in India and in Nepal.
* The company also has plans to launch Kamdhenu Paints.
* The ultimate aim is to be a one-stop shop for construction business....

Additional Link

1) Kamdhenu Ispat plans pacts for national presence

http://www.thehindubusinessline.com/2003/11/08/stories/2003110801470200.htm

satishagarwal.png

Mr Pradeep Aggarwal, MD, Kamdhenu Ispat Ltd (right), along with Mr. Satish Agarwal, Chairman, addressing a news conference in the Capital on Friday. - - Kamal Narang

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Dr. Sandeep Gupta (B. Pharm 1982 & M. Pharm 1984) joins as Senior VP for Endo Pharmaceuticals
Chronicle Editor @ Aug 28, 2008
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http://www.marketwatch.com/news/story/endo-pharmaceuticals-appoints-dr-sandeep/story.aspx?guid={2A1252B2-9B0C-42D9-914B-FDD6A3ED5143}&dist=hppr

Endo Pharmaceuticals Appoints Dr. Sandeep Gupta, Senior Vice President, Discovery and Early Development
SandeepGupta.jpgLast update: 12:00 p.m. EDT Aug. 11, 2008
ENDP announced today that Dr. Sandeep Gupta has been appointed Senior Vice President, Discovery and Early Development. He will report to Executive Vice President, Research & Development, Dr. Ivan Gergel.
"We are excited that Sandeep Gupta has decided to join the Endo Research and Development team," said Dr. Gergel. "Sandeep's broad range of expertise in the pre-clinical space, including drug discovery and pharmacology, and the scientific evaluation of in-licensing opportunities, is closely aligned with the experience we need as we look to enhance the core competencies in our R&D organization."
Prior to joining Endo, Dr. Gupta served as head of drug discovery and pharmacology at Forest Laboratories. Dr. Gupta joined Forest in 1998 after nearly a decade in academia, including faculty positions at the University of Pennsylvania's Department of Surgery and the Boston University School of Medicine.
Dr. Gupta graduated with a BS in Pharmacy from Banaras Hindu University in India in 1982 and earned his Doctorate in Pharmacology from Northeastern University in 1989. He is a member of the American Diabetes Association, the European Association for the Study of Diabetes and the American Urological Association.
About Endo
Endo Pharmaceuticals Holdings Inc. is a specialty pharmaceutical company engaged in the research, development, sale and marketing of branded and generic prescription pharmaceuticals used primarily to treat and manage pain. More information, including this and past press releases of Endo Pharmaceuticals Holdings Inc., is available at www.endo.com.
EndoBanner.jpg
He can be contacted at: Gupta.Sandeep@Endo.com
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Dr. Uday Shanker Awasthi (Chemical 1967) joins as Director of Legend International Holdings
Chronicle Editor @ Aug 28, 2008
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http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080812005537&newsLang=en

Excerpts
August 12, 2008 06:00 AM Eastern Daylight Time 
Legend International Holdings Announces Appointment of Four New Directors and Confirms Issue of 5,000,000 Shares to IFFCO via Options Exercised at $2.50
 
MELBOURNE, Australia--(BUSINESS WIRE)--Legend International Holdings, Inc (OTCBB:LGDI) with phosphate projects in the State of Queensland, Australia announced today that the Managing Director of Indian Farmers Fertiliser Cooperative Limited (“IFFCO”), Dr U.S Awasthi, and Mr Manish Gupta, Executive Director of IFFCO, Dr Allan Trench and Mr Henry Herzog have joined the Board of Legend. The Company also announced it has issued 5,000,000 shares of common stock to IFFCO at $2.50 in accordance with the exercise of options previously announced on August 6, 2008.
 
Dr U.S Awasthi
 
Dr. Awasthi has been the Managing Director of IFFCO since February 1993, the largest producer and seller of fertilisers in India. IFFCO produced 7.012 million tonne of fertiliser during 2006-07. After graduating in Chemical Engineering from Banaras Hindu University, Dr. Awasthi started his career with Shriram Chemical Industries, Kota in 1967. In 1971, he joined Zuari Agro-Chemicals Ltd., Goa. During 1976-86, he worked in various pivotal positions in IFFCO & KRIBHCO and acquired all-round expertise in planning and execution of fertiliser plants and was closely associated with the construction of Hazira as well as Aonla Projects. In 1986, he joined Pyrites, Phosphates & Chemicals Limited (PPCL) as its Chairman and Managing Director. He also held additional charge as Chairman & Managing Director of Rashtriya Chemicals & Fertilisers Ltd. (RCF) from April 1991 to March 1992.
 
Dr. Awasthi was the Chairman of the Fertiliser Association of India (FAI), New Delhi, during 1994-96. He held the position of President, International Fertiliser Industry Association (IFA), Paris during 1997-99. IFA is an organisation of 457 member companies from 80 countries. Dr. Awasthi had the honour of having represented the Industry point of view at HIGH LEVEL SEGMENT in the 6th Session of United Nations Commission on Sustainable Development and delivered a speech at ECOSOC Chamber, United Nations Headquarters, New York on Wednesday April 29, 1998. Dr. Awasthi has over 30 papers to his credit and has co-authored a book ‘Fertiliser Industry in India’.
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Dr. Uday Shanker Awasthi (Chemical 1967)
Chronicle Editor @ Aug 28, 2008
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http://www.financialexpress.com/news/The-govt-needs-to-revisit-the-issue-of-subsidy/342542/

UdayAwasthi.jpgThe govt. needs to revisit the issue of subsidy'

Posted online: Thursday, July 31, 2008 at 23:03 hrs
 
Indian Farmers Fertiliser Cooperative Limited (Iffco) has launched several new initiatives including a joint venture company, Iffco Kisan Sanchar Limited (IKSL), with Bharti Airtel Limited, and will soon set up an agriculture-based food processing Special Economic Zone at Nellore in Andhra Pradesh. While IKSL is set up to boost agriculture and rural economy by harnessing the power of telecom, the multi-product Kisan SEZ will provide state- of - the-art infrastructure facilities especially for food processing and agro-based industries. The project has been cleared by the Centre and envisages an investment of Rs 2,400 crore. The charge is being led by Iffco’s managing director U S Awasth. A graduate in chemical engineering from Banaras Hindu University, he started his career with Shriram Chemical Industries in 1967 and is the only Asian to become chairman of International Fertiliser Industry Association. In an exclusive interview with fe’s Rakesh Sood, he spoke on issues like Iffco’s mission, expansion plans and new initiatives. Excerpts:
 
Though Iffco is a cooperative, it has become a leading player in India’s fertiliser industry. How did this happen?
 
During the sixties the cooperative sector in India was responsible for the distribution of 70% of fertilisers in the country. The sector had adequate distribution network but had no production facilities of its own and had to depend on public or private sectors for supplies. My first priority was expansion of all the four plants under the aegis of Iffco Vision 2000 at Aonla, Kalol, Phulpur and Kandla. This has helped make the cooperative a leading player in India’s fertiliser industry and is making substantial contribution to the government’s efforts to increase foodgrain production.
 
How does it translate into figures?
 
Iffco is the largest fertiliser manufacturer in the country with 19.1% share in urea and 24.5% in diammonium phosphate segment. For the year 2007-08, the company has earned a net profit of Rs 258 crore on a turnover of Rs 12,163 crore and has produced 68.47 lakh tonnes of fertilisers.
 
What is unique about your Vision 2010?
 
As a part of the vision we launched a joint venture company, Iffco Kisan Sanchar Limited with Bharti Airtel Limited, which is the country’s largest integrated telecommunications services provider, in May this year. The new outfit will offer products and services, especifically designed for farmers through Iffco’s societies in villages, across the country. Farmers will also get access to a unique value added services platform that will broadcast five free voice messages on mandi prices, farming techniques, weather forecasts, dairy farming, animal husbandry, rural health initiatives and fertiliser availability on a daily basis. Besides, farmers will be able to call a dedicated helpline, manned by experts from various fields to get answers to their specific queries.
 
Why are you so excited about the upcoming food processing SEZ?
 
The multi-product SEZ, to be set up at Nellore in Andhra Pradesh, will be called Kisan SEZ and will provide state-of-the-art infrastructure facilities especially for food processing and agri-based industries. The Centre has cleared Iffco’s proposal, which envisages an investment of Rs 2,400 crore. The project will be India’s first SEZ in which farmer’s cooperatives will participate as shareholders. Moreover, this will not only boost industrialisation of the area but also benefit local people in general and farmers in particular. In terms of employment and business opportunities, the SEZ is expected to provide employment to more than 10,000 people. It will also spur large scale economic activities.
 
How aggressively are you looking at foreign markets for growth?
 
We have inked an agreement with Australia’s Legend International Holdings for an annual offtake of about three million tonnes of concentrated rock phosphate. Iffco and Legend have decided to pursue the project in joint venture with an investment of $800 million. We have also launched a joint venture company called Indo-Egyptian Fertiliser Company with Egypt’s El Nasar Mining Company for setting up a plant with a capacity of one million tonne. The plant is expected to go on stream by early 2009. Besides, we have made strategic investments in Industries Chimques De Senegal in Senegal and Oman India Fertiliser Company in Oman.
 
How would you sum up the main challenges facing the fertiliser industry?
 
There are many challenges. There is no fresh investment in indigenous fertiliser industry. There is lack of reorient- ation of priorties to ensure sustianable soil management, fertiliser shortage and a huge subsidy bill of Rs 100,000 crore in the current fiscal.
 
Do you think the government needs to revisit the issue of subsidy?
 
Absolutely. Some 53 lakh tonnes of fertilisers are set to be imported this year because no fresh capacity has come up during the last 10 years. This is increasing our dependence on costly imports and the government should clear pending de-bottlenecking proposals. This will help additional production of about 2.5 million tonnes of fertilisers. Today, we have highest urea stocks in the country. During the last three years, Iffco alone has added 5.53 lakh tonnes of urea production at only 25% in the capital cost involved in setting up of new plants. This will reduce the subsidy bill of the government.
 
Where does Iffco go from here?
 
As a part of our strategic diversification programme, the company has entered into several key sectors. Iffco-Tokio General Insurance Ltd (ITGI) is a foray into general insurance sector. Through this outfit, we have introduced new service benefits for farmers. The latest in the edition is Janta Bima Yojna, a micro-insurance policy aimed at empowering masses so that they can protect themselves financially. A premium of Rs 100 can help a couple get an assured sum of Rs 10,000. There is a provision for children to be included as well at an additional premium of Rs 25 per child. Sankat Haran Bima Yojana provides free insurance cover to farmers along with each bag of Iffco fertiliser purchased. To take the benefits of emerging concepts like agricultural commodity trading, the company has taken equity in National Commodity and Derivative Exchange (NCDEX) and National Collateral Mangement Services Ltd (NCMSL). Iffco Chattisgarh Power Ltd, which is under implementation, is yet another initiative to move into core area of power. Besides, the company has made strategic investments in several joint ventures, which include Indian Potash Limited in India, Industries Chimques De Senegal (ICS) in Senegal and Oman India Fertiliser Company (OMIFCO) in Oman.
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World's 10 top management gurus- Ram Charan (Mechanical 1960) Rank 22
Chronicle Editor @ Aug 28, 2008
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http://specials.rediff.com/money/2008/aug/06slide11.htm

World's 10 top management gurus

August 6, 2008

The Thinkers 50 list also include the names of three more management gurus?- Ram Charan at rank 22, Vijay Govindarajan at 23, and Rakesh Khurana at 45.

RAM CHARAN

Born in 1939 in Uttar Pradesh, Ram Charan worked in his family's shoe shop while growing up.

He earned a degree in engineering from Banaras Hindu University and later studied at Harvard Business School, where he was awarded an MBA (1965) and a doctorate (1967).

Before becoming a full-time consultant in 1978, he taught at the Harvard Business School, the Kellogg School of Management, and Boston University.

Charan is the author of various popular books on business, including Boards That Deliver, What The CEO Wants You To Know, Boards At Work, Every Business Is A Growth Business (with Noel Tichy), Profitable Growth Is Everyone's Business, Confronting Reality, and Execution (with Larry Bossidy and Charles Burck).

Charan was elected a Fellow of the National Academy of Human Resources in 2000 and named a Distinguished Fellow in 2005. He is also a director of Austin Industries.

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Alumni Profile
Vinod Gogoriya (Electrical 2003) COO of Vyom Art Gallery, Jaipur
Chronicle Editor @ Aug 25, 2008
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http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOI&BaseHref=TOIJ/2008/08/06&PageLabel=21&EntityId=Ar02100&ViewMode=HTML&GZ=T
 
Jaipur Gets Art Smart
SUNIT ROY Times News network
 
VinodGogoriya.jpg“Since the turn of the century, contemporary art in Jaipur has appreciated faster than the stock market,” says veteran artist Suneet Ghildial. And if you thought that this is like putting the art market of the city on an extremely high pedestal, then maybe, some facts and figures could put the picture into perspective.     
“Recently, when Chintan Upadhaya’s paintings brought down the hammer at Christie’s, last fall, it sent surprise waves throughout the international art market. It was the first time a work by a contemporary Rajasthani artist had broken the million-dollar barrier,” says eminent artist Vinay Sharma. Indeed, prices of contemporary Rajasthani paintings have gone out of control, spiralling upwards to unchartered heights — like the stock market did a few months ago.     
And with the growth of the state’s economy, a whole new class of art appreciators with deep pockets, have begun collecting Rajasthani art seriously, leading to an unbelievable spurt in art prices.     
“This upwardly mobile group has not only started buying art works to make a splash on the walls of their stylish homes, but also to make a large collection worthy of more public displays. Interestingly, the big buyers are not the collectors of yesteryear’s but adventurous art lovers who have graduated to investing in art as a second line of business,” says Ghildial.
This has helped art collectors of the Pink City to change their perception towards art merchandising. “Since Jaipur was always known for its traditional art so having an organised market for contemporary art seemed to be a distant dream. However, since the past few years a change has started appearing on the art scenario,” says Vinod Gogoriya, chief operating officer, Vyom art gallery. “Thanks to the art collectors like Bajorias, Timmie Kumar, Navel Tuli, and corporates, who have started making huge investment in contemporary art,” he adds.     
And it’s not without a reason, that traditional art sellers are now looking at procuring land to build state-of-the-art galleries to showcase contemporary art.     
The emergence of cartels of galleries as well as bankers, who put together portfolios comprising investment in art (often reserving as much as 40 percent of the portfolio for their clients), is gradually redefining the landscape of art in the Pink City. A few have even begun to stock artists whose work, they believe, will appreciate in the future. “But the most i n t e re s t i n g part is that very soon the walled city is going to have art banks where artists can have locker and security facilities,” says Ghildial. Art funds have also mushroomed, enabling a group of investor to by a large     body of work. “Today it is only about buying and selling. Increasingly, galleries rather than individuals bid at auctions. So hopefully the city is going to have a few auction houses also,” says Love Vijayvargia, export manager, Shanker’s art gallery.
The X or the unknown factor has also come into play. The kind of excitement generated at auctions increasingly resembles what happens at the races, with the dark horses of the art stable galloping past the thoroughbreds. “But the question being asked is whether art auction will become the preferred platform for sale of the Rajasthani art. As such many fresh investors are planning to come up with art galleries. And by 2010 ten new galleries will come up in the city,” says Vinod.
Vinod Gogoriya can be contacted at: vgogoriya@gmail.com
For Profile of Vinod Gogoriya, please click here.
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About Vyom Art Gallery
 
Vyom – Centre for Contemporary Art
 
Vyom is an art centre mainly focusing towards promotion of contemporary art. Its aim is to be one-roof shop for artists and art lovers. It has workshop having space of 3500 sq ft, two-floor art gallery with total 9000 sq ft and residential facility with 9 fully equipped studio rooms. Thus an artist can work, reside and exhibit his/her artwork at the same place.
 
The main business of Vyom is:
 
  1. Trade and promotion of contemporary Art – Sale, purchase and exhibition of artworks.
  2. Residential facilities – provide residential facilities to foreign visual artists.
  3. Art Tourism – provide tours and travel facilities to provide knowledge about richness of art culture and artworks, styles, school existed in ancient India.
Vyom is established with the motto to promote Indian contemporary art. It started its operations in June 2008.
 
Vyom deals in presentation and promotion of contemporary art, whether it’s painting on canvass or installations or status, any contemporary art. Apart from trading in artworks, Vyom work to promote Indian art beyond boundaries and provide platform for both Indian and foreign artists to get benefited from cross culture diversities. We have organized our first art exhibition from 12 June 2008 with following renowned artists:
 
  1. Vidhya Sagar Upadhyay
  2. Manoj Ameta
  3. Vinay Sharma
  4. Suneet Ghildial
  5. Mukesh Sharma
  6. Gorishankar Soni
  7. Yusuf Khimani
  8. Surindra Pal Joshi
We got huge success in this exhibition and nearly 500 visitors were registered during one month exhibition.
 
Vyom also works to support budding artist to fully nurture their potential. 
 
Vyom Art Gallery, Jaipur
 
VyomArtGallery.jpg
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
To view more photos:
 
 
Picasa.jpghttp://picasaweb.google.com/vgogoriya/VyomArtGallery
 
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Children’s Drawing-Art Gallery
 
art-cartoon.jpg 
 
(Source: http://www.genevievecartoons.com/Illustrations/ArtGalleryLarge.jpg)
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Shubham Basu (Ceramics 2002) writes about Outdoor experience
Chronicle Editor @ Aug 25, 2008
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http://www.indianexpress.com/story/348947.html

OTHER WHERE
TALES OF YAKS AND LOVER BOYS
 
Shubham Basu
Posted online: Sunday, August 17, 2008 at 1508 hrs
 
A new ‘sky blue’, cloud-spotting and splitting come our way as we walk around Tso-mo-ri-ri, the lake with a strange name

SceneShubham.jpgThe average man has been pushing himself to reach higher—highest roads, highest buildings, and highest towers. Nobody, however, has been able to match the Everest yet. The massive tectonic movements which created it gave us some of the mightiest glaciers on earth. The beauty of these glaciers is that they are accessible. If you can bear with the labour of pushing yourself to it, you can as well camp on the glaciers, unlike the massive ones around the poles for which you need years of training. Close to these glaciers, in the neat folds of mountains, are the holy lakes.
One among these is Tso-mo-riri. Strange name? I will get to it; it might not sound as strange then. It’s estimated to be around 19 km in length and the width varying between five and eight kilometres at places. Nobody has measured the depth yet; however, estimates stand at around 40-45 metres. Unlike the great lakes, the water is partly saline and rich in minerals. It’s constantly fed from the melting snow peaks all around. The lake is at an elevation of 15,000 feet near the town of Korzok in Leh district.
 
Let’s get to the name. Among the various versions of Tibetan dialects, Tso means a yak. When a yak started drowning in the lake, the shepherd called her back, ‘Come back my yak’ and somehow the shepherd’s secret language translates to ‘Tso-mo-ri-ri’. There are more versions of the story like that of a lover boy from Korzok drowning. The idea, however, is that the Buddhist monks have been wandering around in the mountains much before the common Indian could even imagine being in the Himalayas. A few centuries before Christ, we had a lot of traffic through these ranges—traders, travelers, and even kings. Civilisation and agriculture, however, made Indians grow roots around the basins by the end of the 17th century.
 
The last few decades and especially the last one have brought people closer again to the bounty of the Himalayas. Even with the glaciers receding, we have plenty of time left before the immense lakes disappear and new legends bring newer names to Tso-mo-ri-ri.

Like all the holy lakes, the water is clearer than any mineral water. If you wanted to see your reflection, the floor of the lake with pebbles washed and shaped in perfect ovals, would distract you. The reflected floating clouds also give you enough reasons to forget your own existence.

When you are forced to look at the skies with the infinite chunks of cloud, you re-register the definition of ‘sky blue’. I recently came across a book on cloud-spotting and upon some research, came to know that it’s an active sport that a lot of people passionately hunt. There, at Tso-mo-ri-ri, I wanted to be a part of that sport, take tons of meaningful pictures of the cloud and contribute to cloud-spotting. I was convinced at the moment that my efforts would be appreciated, just because all the clouds in the massive canvas somehow made sense. Piece by piece, they added to the jigsaw. The winds were so high that you could see the clouds splitting, an education as to how the continents might have split, drifted and collided to form new shapes.
 
I wonder if there is any part of the mountains where the monks can’t tread. I really believe that they are the healthiest people on earth. Thanks to them—they have built these places slowly over years—people like us from the plains can now come and see the beauty they guard.

The easiest way to approach the lake is to get to the town Korzok and scan the lake. You drive there from Leh or Manali. The harder way to be there is to trek across Parang la, from Kaza. Either way, you will expose yourself to the beats of heaven.
This is the closest a mortal can get.
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About Shubham Basu
His website: http://shubhambasu.com/wp/
Contact info: basushubham@gmail.com
ShubhamBasu.jpgBasu did B. Tech. in Ceramic Engineering in 2002 from IT-BHU and M. S. Material Science from Vanderbilt University, Tennessee, USA. Shubham has worked at the Wall Street, NYC, before he decided to move back to India. A travel enthusiast and avid wildlife lover, he is also a sports aficionado and enjoys sports whether he is traveling or working. He appreciates outdoor sports for the thrill he can ride on, and his close encounters with nature.
His first flavor of solo traveling began when he ran away from his home, in his eighth grade. He is very fond of wild life and can be occasionally seen perched at the watch out towers. His earliest inspirations have been Ruskin Bond, Jim Corbett, Rudyard Kipling and Charles Dickens.
A keen writer, he has published a couple of individual short stories, with ethnic magazines in USA and is a columnist. His first book, Glian, can be found in the stores.
Shubham Basu can be spotted riding his bicycle in Gurgaon or just walking around in the Himalayas. He currently works with an outdoor adventure travel organization.
http://www.greatindianoutdoors.com/
Gio Adventures.jpg
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Cartoon-Risk of Outdoor Adventure
AdventureCartoon.jpg
http://www.cartoonstock.com/newscartoons/cartoonists/rmc/lowres/rmcn76l.jpg
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Alumni Projects
Bangalore Chapter plans Scholarships for Students
Chronicle Editor @ Aug 27, 2008
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The Alumni body at Bangalore is taking up an initiative to give scholarships to students at IT-BHU.  This is a welcome move as from this year, as the fees for undergraduate (B. Tech.) study at our institute has nearly doubled to about Rs. 28,000 per year. The project will be called “Scholarships for IT-BHU Students”.

Sumit Kumar Dey (Electrical 2004), volunteer for Bangalore Chapter is the point of contact for the scholarship initiative. He can be contacted at: sumitkrdey@gmail.com .
All of our alumni are requested to donate generously for this noble efforts being done by our Bangalore Chapter.
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The Bangalore Chapter of IT-BHU Global Alumni Association is taking up an initiative to give scholarships to students at IT-BHU.  
The IT-BHU Global Alumni Association, Bangalore Chapter invites all our alumni for donations for the scholarships for the undergraduate students at our institute. Scholarships will be paid for the entire tuition fees (depending upon money collected) of around Rs. 30,000 /yr. All donations are tax exempt in India (under Section 80G, Income Tax Act, Donor [Individual/ company/group] can claim exemption for the donated amount). 
The donated money will be put in fixed deposit or will be invested as permitted by law. The interest will be paid to students as scholarship. We need an endowment of about Rs 300,000 per student which will generate the interest of about Rs. 30,000 per year for a student. If an individual or a group of individuals (like a batch) can donate this amount we will have a perpetual scholarship for a worthy student. To begin with, we intend to give 2 such scholarships.
 If you wish to donate the scholarship under a specific name, we will be happy to take up the initiatives.
How to Donate: (Please refer to www.itbhuglobal.org/donate for more information).
For alumni from India
(Please refer to www.itbhuglobal.org/donate for more information).
1) Demand Draft/ Cheque payable to "Alumni Association of IT-BHU", Postal address: "Alumni Association of IT-BHU, A-414, Sahakar Nagar, Bangalore 560092"
2) Online transfer to Bank Account Number or Cash Payment at ICICI Bank, R T Nagar Branch, Bangalore, India. Please contact Sumit Kumar Dey (sumitkrdey@gmail.com) for more information.
3) Cash Donation: If you wish to donate in Cash, our Local Representative will collect the same from you. Please provide your contact Details and the amount you wish to donate.
In case of queries, please get back Sumit Kumar Dey at: sumitkrdey@gmail.com
For alumni outside India
You can make donation to our alumni association by Check, Online bank transfer or by online credit or debit card payment. Please specify “Donation for Bangalore Chapter-Scholarships for IT-BHU Students.” The fund will be forwarded to Bangalore Chapter for the stated purpose.
We are working on providing tax-exempt status from IRS for funds provided by US based donors.
For further information, visit www.itbhuglobal.org/donate or contact Manu Goyal (Mechanical 1993), treasurer, at treasurer@ibhuglobal.org
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Student Center project planned
Chronicle Editor @ Aug 27, 2008
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The IT-BHU Global Alumni Association (IBGAA) plans to launch several alumni funded projects to improve infrastructure at campus. These projects will benefit students, faculty as well as staff of the institute and provided permanent facilities to all.

One of the Flagship projects under consideration by Alumni Association is for establishing a Student Center on the campus. The details are being worked out and will be announced as soon as it is available.

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