Tag: winner

Round India Winners

IIT Kharagpur Students among the Winners of India Finals of CFA Institute Research Challenge 2019-2020

A five-member student team from IIT Kharagpur has qualified for the Asia Pacific round of the CFA Institute Research Challenge 2019-2020. Along with IIM Ahmedabad and IIFT Delhi, the team from IIT Kharagpur have been won the India Finals of this Global level competition held on February 8, 2020. The Asia Pacific round is scheduled to be held on March 18-19 2020 in Seoul, South Korea. The AP Challenge will consist of one winner from each Member Society of the Asia Pacific Region, typically about 16-18 countries.

The final year students Shubham Maheshwari (Dual Degree, Metallurgical and Materials Engineering), Satwik Bansal (Dual Degree, Agricultural and Food Engineering), Daksh Thakkur (Dual Degree, Aerospace Engineering), Ritika Agarwal (Dual Degree, Agricultural and Food Engineering) and Tanay Jagani (Dual Degree, Agricultural and Food Engineering) who are all currently pursuing M.Tech. in Financial Engineering were mentored by Prof. Abhijeet Chandra from Vinod Gupta School of Management, the business school of IIT Kharagpur.

“A rigorous multi-disciplinary academic curriculum along with industry-ready skill-training has helped our students achieve this success at CFA Research Challenge India leg, along with other top b-schools of the country. IIT KGP’s team being only an undergraduate team has stood out in the competition mostly participated by MBA students. Financial Engineering, our unique interdisciplinary program run by the departments of Mathematics, Humanities & Social Sciences and Vinod Gupta School of Management, has always been appreciated by the industry. With our students competing with the best teams of Asia-Pacific region, we will mark our global footprints in financial research and valuation as well,” said Prof. Chandra.

The other finalists for India round included IIM Udaipur, IIM Calcutta, IIM Trichy, IIM Kozhikode, NMIMS. The teams qualified through the respective zonal rounds which witnessed participation from 59 leading business schools from across the country. The finalists presented their equity research on Reliance Nippon, HDFC Life, BATA and Oberoi Realty. The judges panel consisted of industry luminaries viz., Mr. Pankaj Tibrewal, Sr. Vice President & Equity Fund Manager, Kotak AMC, Mr. Varun Gupta, MD, Duff & Phelps (Asia Pacific Leader, Valuation Advisory Services and Country Leader, India) and Mr. Namit Arora, CFA, Managing Partner, IndGrowth Capital.

“It has been a thorough learning experience for us to participate in the CFA Institue Research Challenge. The competition has provided us with a platform to perform equity research under the able guidance of industry leaders of the investment management industry. We are looking forward to the Asia Pacific Regional round in Seoul, South Korea ,” opined partcipants Daksh Thakkur and Shubham Maheshwari.

The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly-traded company — sometimes even meeting face-to-face with company management. Each team writes a research report on their assigned company with a buy, sell, or hold recommendation and may be asked to present and defend their analysis to a panel of industry professionals.

 

With content contributions from CFA Society India, CFA Institute Research Challenge in India

Champions of EXL EQ

India Education Diary   Careers360    Times of India    Jagran Josh

Two teams from IIT Kharagpur swept 3 out of 4 awards at the final round of EXL Excellence Quotient 2019. Team Ninety Degrees of Anmol Thakkar & Ayush Bansal from IIT Kharagpur secured the 1st position and Team Tesseract of Ayush Patnaik & Prakhar Prakash secured 2nd position thereby bringing laurels to the Institute.

Winning Team: Ayush Bansal (L) and Anmol Thakkar (R)
Runners-up: Ayush Patnaik and Prakhar Prakash

EXL Excellence Quotient (EQ) is an annual case study contest structured to test skills like problem identification, logical thinking, structured and methodical approach and efficient analysis amongst its participants. Students from 20 premier academic institutes across the country including 8 IITs and 7 NITs participated in the competition. A total of 698 teams registered out of which 38 qualified through 1st Round and only 6 teams made it through the 2nd Round to the National Finals.

The challenge pertained to designing improved fraud detection methodologies & optimize the cost of the investigation in the insurance industry. They were asked to suggest ways to improve the fraud detection process in terms of accuracy as well as the time is taken for the entire process.

“Trust is an important aspect for an insurance company because it is selling a promise. Taking advantage of the holistic dataset provided in the competition, we gained insights into the entire value chain and created data features around metrics of trust,” explained Anmol Thakkar, a student from the IIT Kharagpur’s winning team. The insurance claims were then analyzed using these metrics and fraudulent claims were identified. “We built an algorithm that supported all offerings that an insurance company has on its roadmap and presented fraud prevention methodologies like telematics plug, that can help a company turn around their revenue numbers,” he added.

3 teams from IIT Kharagpur participated in the event. The winning team, Team Ninety Degrees from IIT Kharagpur received a cash prize of Rs. 1.25 Lakhs along with certificates and winning trophy. The runner ups, Team Tesseract from IIT Kharagpur received a cash prize of Rs. 60 thousand. Pre-placement offers were extended to the winning teams.

The case study contest provides participants platform to learn and experience real life consulting problems faced by organizations and how they can apply their academic learning and business acumen to offer solutions to such problems. EXL EQ 2019 offered participants an opportunity to engage in decision analytics using various data handling tools.