Finomina, the finance and investments club of the Indian Institute of Management Udaipur, is a student-run initiative that works towards nurturing interest, creating awareness, and promoting student-industry interaction in the field of finance. It aims to provide students with insights into different domains of the financial services industry, such as investment banking, equity research, corporate finance, retail banking, trading and microfinance. Finomina organizes various competitions, workshops, and thought-provoking seminars with distinguished industry leaders as well as academicians from reputed institutions.
The latest introduction to Finomina's portfolio includes the establishment of a student-run Investment Cell that provides hands-on experience to its members in investment opportunities across the capital markets domain.
The annual finance magazine, Arthaarth, covers a wide range of articles on the recent happenings of the financial world, written by the faculties and the students of IIM Udaipur. The magazine also publishes the articles of the winners of our annual article-writing competition conducted across all b-schools during Solaris, the annual management fest of IIM Udaipur. The flagship magazine also includes fun finance facts and crosswords. It is launched annually by the esteemed speakers at Arth-Samvaad.
It is a monthly magazine that helps students understand various financial concepts by explaining them in a facile manner and keeping them updated with trending financial news.
Three series are posted weekly on Finomina's Instagram handle, which provides a quick and to-the-point explanation of finance concepts and recent developments.
Finsights: A series of infographic posts on the latest happenings and various trends in the financial markets.
Finbits: A brief description of finance concepts that aid readers in understanding the current financial news more deeply.
Finocharts: A series of technical analysis posts to provide insights about chart patterns in market data to identify trends and make predictions.
Finomina also has its own podcast series called "Navigating the Finance World" which aims to serve as a valuable resource for all things related to finance, offering an insightful exploration of current trends and crucial topics within the financial realm.
In our inaugural episode, we had the privilege of hosting our esteemed professor, Mr. Prateek Sharma, who provided an in-depth discussion on financial research. This episode also examined the integration of Artificial Intelligence within the finance industry, shedding light on the innovative advancements that are reshaping the field.
Our second episode featured the distinguished professor, Mr. Uday Damodaran, a renowned figure in both finance and academia. During this episode, Mr. Damodaran shared his extensive teaching experience and valuable insights accumulated over the years. His advice for individuals aspiring to pursue careers in finance was both practical and enlightening. Furthermore, listeners gained exclusive insights into Mr. Damodaran's new venture in the hospitality industry and drew profound life lessons from his distinguished journey.
The aim of the podcast is to explain intricacies of finance, keeping students informed about emerging trends, and providing a platform to learn from prominent figures in the industry. "Navigating the Finance World" serves as a gateway to understanding the multifaceted world of finance for finance enthusiasts, beginners and veterans.
FinClave is the annual Finance summit organized by Finomina- The Finance and Investments club of IIM Udaipur. The inaugural Finance summit, FinClave, was graced by leaders for niche finance domains, who offer insights into the nitty-gritty of the financial landscape and day-to-day decision-making process. The leaders are the winners of the everyday battle in both Indian and Global financial markets and are an integral part of the success of their respective organizations. The summit begins with the speakers addressing the audience, followed by an interactive panel discussion, moderated by Finomina members. The discussion allows the students to learn hands-on from the experiences of the leaders and absorb their knowledge.
The theme of the inaugural finance summit was “Ushering in New Age Finance”, which highlighted the changes in the world of finance, how the changes could affect career prospects in the industry, and various opportunities available in the changing world. The speakers shared their wisdom in an interactive session with the IIMU community on topics such as cryptocurrency, the effect of the US Federal bank on the global central banks, and struggles in the fintech space to break even. The talks were insightful and were concluded by a panel discussion.
Speakers:
The "Antique Equity Research Competition" stands as the hallmark finance event of the season, proudly hosted by Finomina, in collaboration with Antique Limited. This competition, conducted in partnership with Antique Limited, offers an unparalleled opportunity for students to immerse themselves in the world of finance and gain hands-on experience in equity research.
The competition is structured around a comprehensive case study, wherein participating students are tasked with the evaluation of a company using a wide array of valuation models and research reports. This practical exercise provides a unique glimpse into the dynamics of the financial markets, allowing students to apply their theoretical knowledge to real-world scenarios. By participating, students gain invaluable insights into the intricacies of equity research, investment decision-making, and financial analysis.
In addition to the academic rigors of the competition, the event offers a platform for engagement with an esteemed panel of industry experts. For the 2023 edition, we were honored to host the following renowned speakers:
These accomplished professionals brought a wealth of experience and knowledge to the event, offering students the opportunity to learn from the very best in the industry.
Arth-Samvaad is the annual finance symposium of IIM Udaipur conducted during the annual management fest, Solaris. It provides the student community with the opportunity to interact and discuss with the industry stalwarts and understand the nitty, and gritty involved in financial decision-making and the market scenario. The event also includes an interactive panel discussion presided over by the club members.
Arth-Samvaad 2023 was conducted on the theme, “Green Financial Products”, driven by insights from industry leader in the domain of sustainable finance, Mr. Tapas Paul – Lead environmental specialist (World Bank)
Tapas Paul is currently lead environment specialist with the World Bank, in the Environment, Natural Resources & Blue Economy Global Practice. He joined the World Bank in 2000, and has worked in several countries in South Asia, East Asia, Latin America, and Central Asia and Eastern Europe regions. He led the World Bank’s work on integrated management of coastal zones in India (2006-14), cleaning of the river Ganga (2009-12), conservation and development of the Sundarbans (2016-19), management of water and natural resources of northeast India (2006-09), fisheries in Maldives (since 2016) and India (since 2018), and forestry in Bangladesh (2016-17).
Arth-Samvaad 2022 was conducted on the theme, "Re-Thinking Finance". The following industry leaders graced the event:
Overall 22 +years of experience in leading MNCs who all are Market Leaders in their sectors. Meenakshi is a results-driven business professional having managerial and leadership experience across Financial Services in NBFCs, the Retail Sector, e-commerce Sectors, and Hospitality Sector.
She has got the privilege of being a front runner in launching FS for organized retail in India as Walmart India FS, e-Commerce in Snapdeal, distribution in Brightstar, and hospitality in her present assignment with OYO.
Specialties: Product Development (Market Research, development, build & life cycle management), Marketing, Portfolio Management including Activation, Usage and Retention experience, Project Management, Analytics, Consumer Insights, Pricing, CRM, Marketing Services & Operations, Portfolio P&L, Business Development.
She has been awarded the top awards during her stints with GE, Walmart, Snapdeal, etc... Meenakshi is very passionate about Financial Services and is driving “Financial Inclusion” to the ground level. She wants to see her dream of FS reaching the farthest/last possible strata of the assembly line become reality!
Currently working as the Chief Financial Officer at DCB BANK Ltd. Responsible for overall Financial Management, Capital Management, Investor Relations, Financial Planning, Budgeting, Business Strategy, Taxation, Business Analytics, and Legal. Have extensive experience of 27 years in the field of Core Finance, Business Strategy, Treasury and Investment Management, Risk Management, and Cost control. Have worked in leadership positions at Standard Chartered Bank (India and Nepal), Yes Bank, and SBI Capital Markets Ltd before moving to DCB BANK. He is a qualified All India Rank Holder Chartered Accountant, Cost and Management Accountant, and Company Secretary.
Ms. Rekha Talluri completed her MBA from the University of Michigan. She is also a certified public account, charted accountant, and cost accountant with 20+ years of global experience working in fortune 50 and large organizations. She has worked with Amazon, Infosys, and HPC and has extensive expertise in managing and supporting multiple LOBs simultaneously. She has been associated with Microsoft India for the past 15 years and is currently serving as its Chief Financial Officer.
Mr. Neelesh Vernekar has over 25 years of experience in Corporate and Investment Banking across leading international and private banks most recently with Standard Chartered Bank and previously with Axis Bank Ltd.
He is currently the Chief Investment Officer (CIO) at Infra Debt Mutual Fund and is responsible for Investment & Fund management of institutional capital across Infra Debt Funds and Private credit Alternate investment funds with a focus on the infrastructure sector.
He has extensive experience in Corporate and Project Finance, Leverage Finance Finance, Capital Markets, Private Credit, and Investment Banking across the entire spectrum of mid-market, Local. Corporates and Multinational Companies.
He is a Computer Engineer and an MBA from GIM and subsequently completed his Ph.D. in Finance and Economics from IIT Bombay.
Vitt-Sangram is the annual case study competition conducted by Finomina, where participants are from various top B-schools in India. The competition is held in multiple rounds evaluating the participants on current affairs, financial concepts, and applications. The first two rounds are quiz and case study analysis, respectively, while the last round involves the presentation of the analysis by the shortlisted students in front of the esteemed judges.
The ultimate statement is a case study competition designed to test company analysis skills wherein participants get a chance to showcase their understanding of financial statements by analyzing and presenting their knowledge of Balance sheets, Income statements, and Cash flow statements.
A competition where participants are required to select stocks from different industries and then have to pitch their investment thesis based on data, valuation metrics, and risk assessment factors.
Finomina conducts a series of interactive, thought-provoking lectures and panel discussions delivered by esteemed industry experts and academicians in the field of finance. The sessions have been graced previously by the likes of Prof. Aswath Damodaran (Stern University), Mr. Ramesh Venkat (CEO, Reliance Private Equity), Mr. Ashish Chauhan (CEO & MD, Bombay Stock Exchange), Mr. Gaurav Gupta (MD, Morgan Stanley) to name a few. Fin-Talks 2020 was graced by Mr. Bablish Joshi, (Assistant General Manager - Reserve Bank of India, Jaipur). Mr. Joshi provided students with insights about "Risk management in the banking sector". The second part of the series saw an interactive discussion by Mr. Ram Gopal Yadav, (Deputy Manager); Mr. Aleen Mukherjee, (Executive Vice President), and Mr. Niraj Shukla, (Senior Economist) at NCDEX Institute of Commodity Markets and Research (NICR) on the topic, "Agriculture Commodity Derivatives Market".
Fin-Talks 2021 was graced by Mr. P Vasudevan (Chief General Manager, RBI) and Mr. Sachin Seth (Partner and Digital & Fintech Leader, Ernst & Young). Mr. Vasudevan currently heads the payments and settlement systems function in RBI, facilitating innovation and playing a catalytic role in the payments space, encompassing many banks and non-bank payment system operators; and includes handling fintech-related activities in RBI. He provided insights about “Payment Systems, Fintech Developments, and Related Banking Issues”. Mr. Seth’s core area of expertise is customer experience-led digital transformation using deep industry domain expertise, emerging technologies, and open innovation platforms along with the Fintech ecosystem. He provided the students with insights into digital transformation through Fintech.
Finomina conducts a lecture series for second-year MBA students to provide the real-world feel of the subject with the support of the Corporate Relations team and our finance faculty, Prof. Uday Damodaran. It is a one-of-a-kind lecture series by Industry leaders to give students a more work-oriented real-world feel of the subject.
Three sessions have been conducted under FINishing School 2021 to date. The lecture series runs parallel to the academic curriculum, wherein diverse topics were covered including-Careers including Finance by Mr. Ananth Ramachandran, Mr. Neeladree Nandy, and Ms. Nidhi Kajaria, Financial Statement Analysis for Equity Investment by Mr. Harish Krishnan, and Mr. Ravi Menon & Fixed Income Securities by Mr. Sandeep Bagla, Mr. Anand Nevatia, and Mr. Neeraj Jain.
Tech Wiz is Finomina's annual technical analysis competition wherein you win based on your financial intellect and grit by doing a technical analysis of a stock from 15 given stocks and get a chance to compete with the country's best minds.
Vishleshan is Finomina's annual fundamental analysis competition wherein the students have to apply financial modeling and get a hands-on experience in the concepts of finance related to valuation and investments. This competition provides the students with a chance to learn from and compete with others.
The annual intra-institute event provides an excellent platform for students in understanding the basics of commodities trading, through the simulation of an "on-the-floor" OTC commodities exchange. This event is one of the "most awaited" by the batch owing to the adrenaline-driven trading floor scenario. The participating teams have to think on their feet look at the trade screen and employ their persuasion & negotiation skills to get the best price for their trade.
Mock stock is an annual event that simulates the real-world functioning of a stock market and how investment decisions are made by investors based on news floating in the market. The event is fun-filled on-the-floor trading and tests the participating team's strategic decision-making skills in investing & their know-how of the stock market.
A series of fun-filled, nail-biting quizzing events was conducted to test the student’s knowledge of financial concepts as well as the emerging trends in the world of finance.
The ultimate picture-based quiz competition to spark financial interest in the minds of MBA students and gauge their present knowledge in the finance domain.
Budget picks is an annual event conducted by finomina in which participants get to showcase their forecasting skills. the event was conducted from January 27th to January 31st, 2022. the event is based on the impact that the union budget has on the stock market. students can create their portfolios choosing stocks that they think would maximize the value of their portfolio post the announcement of the budget. the value of their portfolio should not exceed rs.10,00,000. the students learn to analyze how the annual budget impacts the stock market. students participated individually and in teams of two.
Virtual stock trading is an annual event which is organized by team Finomina in collaboration with Stockgro. Registration was done through the D2C platform. The competition was open for all the participants despite the background which is done to simulate an actual trading scenario. Participants were given a total virtual cash of INR 10,00,000 to build their portfolio, and they have to trade to optimize the portfolio in 4 trading days. They can take trade in the companies which were listed under the NIFTY 500. The event was organized to give an idea to the community and other people regarding the equity markets, how to take a trade, and how to find short-term opportunities and exploit it.
