Prestige Education Society as a group has a very strong conviction and dedication towards entrepreneurship. Being self-made leaders & first gen entrepreneurs in fields of agri-business and education, the founders at Prestige believe in the power of passion and innovation. Therefore, entrepreneurship is the buzzword of the Prestige Institute of Management and Research (PIMR), Indore, one of the leading premier management Institutes of Madhya Pradesh and Central India. “Having a lead in the education sector with thousands of students from Kindergarten to PhD, we are willing to promote entrepreneurship at all levels. We believe that the solution to burgeoning unemployment in the country lies in producing jobs creators, instead of job seekers,” opines Dr. Davish Jain, Vice Chairman, Prestige Education Society.
In order to translate this vision into a reality, PIMR in association with the NITI Aayog, a Government of India policy-making agency, created Atal Incubation Centre (AIC) at their UG campus in 2018, under Atal Innovation Mission (AIM) of the government of India, primarily to encourage students to set up their own startups and provide employment opportunities to the management graduates passing out from PIMR and other institutes. Till date, 12 incubates have been registered with the center. In addition to that, PIMR MHRD Innovation Council has been actively conducting seminars, workshops and leadership talks in the campus to create more awareness among the students about the possibilities of entrepreneurship.
“Recently, PIMR MHRD Innovation Council organized the third episode of leadership talk on Facebook live for students of PIMR. During the talks, Ajit Dhobhal, NSA Government of India, shared his views on innovation in student’s life, decision making, and critical success factors in decision making, entrepreneurship development and opportunities of entrepreneurship in Indian ecosystem,” shares Dr. Yogeshwari Phatak, Director, Prestige Institute of Management and Research. PIMR also conducts Summer projects, OJT, International Internships, Certifications, Cultural Activities, International Conferences, Seminar Presentations, Industry Visits, Sector Analysis, Experiential Learning to promote innovation and creativity among the students.
Preparing for Industry 4.0
Industry 4.0 refers to a new phase in the Industrial Revolution that focuses heavily on interconnectivity, automation, machine learning, and real-time data. “Industry 4.0, also sometimes referred to as IIoT or smart manufacturing, marries physical production and operations with smart digital technology, machine learning, and big data to create a more holistic and better-connected ecosystem for companies that focus on manufacturing and supply chain management,” opines Dr. Jain. While every company and organization operating today is different, they all face a common challenge—the need for connectedness and access to real-time insights across processes, partners, products, and people.
PIMR is a leading management Institute, where experiential learning, blended learning and online resource software has been integrated in the teaching pedagogy for an Industry ready curriculum. Be it in administration, teaching or assessment techniques, the Institute has moved to digital platforms. PIMR prepares student through various subjects like Digital Marketing, Artificial Intelligence, IOT, Data Analytics and many more for the Industry 4.0. Students of PIMR also have the opportunity to get various certification along with foreign universities, corporate and professional bodies in the area of ICT. Dr. Phatak explains, “We have conducted various workshops on Digitization, Intellectual Property rights, Cloud Computing, Green Computing, Experiential Learning, Big data Analysis to ensure that students get updated with the latest technologies and are industry, ready once they step in the corporate world.”
A Strong Industry Connect
Industry and academic collaborations are the essences of our institute as it provides huge opportunities to both the students and the faculties. “We believe that the role of Academicians has changed many folds now. Their responsibility is not only limited to classroom lectures; rather they have transformed themselves as business coaches and curators of such collaborations,” pinpoints Dr. Jain. PIMR faculty members and students perpetually learn new teaching tools, advancing their spectrum of knowledge and experience to solve a problem, thus gaining diversified experience while creating cutting edge knowledge. Dr. Jain adds, “Further, offering exposure to the students to get them prepared to handle real-life challenges also helps us reflect our culture and value as an institution.”
Today, 95 percent of PIMR students get placed in reputed companies and remaining 5 percent take up entrepreneurship or join their own family business. Federal Bank, Deloitte , S & P Global, HDFC Bank , HDFC, ICICI Bank, Colgate Palmolive, Nestle, Mondelez, GSK , Glaxosmithkline, Future Group, Aditya Birla, D’ Mart, Airtel, Reliance Jio, Byju’s, TTK Prestige, Asian Paints, Cease Fire , Hinduja Leyland, Next Education, the list of PIMR hardly gets an end. “The Institute finds its alumni in top administrative post. For instance, Deputy Mayor of London and Professor and Dean in IIMS and top Universities abroad. Besides in various multinational companies, students hold posts of Vice President/GMs and so on in India and abroad,” claims Dr. Phatak. PIMR is a proud alma mater of 50,000 alumni who are working in blue chip companies in India and abroad.
PIMR besides being a leading institute of the management studies in central India has also emerged as a recognized research center since 1996. Currently, the Institute has 49 Ph.D. guides and 97 research scholars registered with it as a research center for Ph.D. Program. Till date 100 research scholars of PIMR have been awarded Ph.D. degrees. The Institute has a large student base with over 5000 students currently pursuing various programs. “We have emerged as one of the leading hosts of various national and international conferences with delegates taking part in these conferences from countries like USA, China, Brazil, Romania, Czech Republic, Nigeria, Thailand, Nepal and Bangladesh respectively,” shares Dr. Jain.
Now, PMIR enjoys an autonomous status granted to it by the University Grant Commission (UGC), India in 2006. It has also been recognized by the UGC under 2(f) and 12 (b), while its MBA program was accredited by National Board of Accreditation under AICTE in 2000. Later in the year 2003 and 2012 also, the institute had been reaccredited by the NBA and also ISO 9001:2008 certified. Because of the world-class management education, highly talented faculties and exceptional infrastructure and academic environment, the Institute has also been accredited by National Assessment and Accreditation Centre (NAAC), India. It also received the prestigious NAAC ‘A’ Grade Accreditation by the UGC in 2009 and 2014.
PIMR will also launch many new courses including PGD-MRBA (Post Graduate Diploma in Management Research and Business Analytics); PGD-IEV (Post Graduation Diploma in Innovation, Entrepreneurship & Venture Development), in addition to three Unique Skill Based Programs; UG – BBA – Analytics, BBA-Logistics, BBA-Business & Finance. “We are coming up with a University by 2021. It will have more than 35 acres of land with Eco-Friendly Infrastructure. Majority of the programs will prepare industry ready students,” concludes Dr. Jain.
Dr. Davish Jain, Vice Chairman
A PhD holder from Open International University, Dr. Jain he has been actively spearheading the varied aspects of Soybean Production, Processing and Marketing in Prestige Group. Dr. Jain with his meticulous planning and foresight made the basic road map for the success of the group. His knowledge and experience in trade practices and his networking on global as well as local level makes him a truly ‘Global Leader’. He is also a member of Consultative Committee of the Food Corporation of India for the state of Madhya Pradesh, nominated by the Govt. of India, Ministry of Consumer Affairs, Food and Public Distribution. He is also the Chairman of Soybean Possessors Association of India (SOPA) for 3rd consecutive term and earlier also, led the association for 2 terms.