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Real Time Solutions
At Welingkar, our vision is to nurture 'thought leaders and practitioners through inventive education'. It is imperative to transform students into professionals, especially in such turbulent economic times.

Prof. Dr. Uday Salunkhe, Group Director and fellow faculty members regularly initiate open ended forums with thought leaders and stakeholders from the corporate world, by conducting industry specific sessions.

These conclaves include the cross verticals like Human Resources, SMEs, Entrepreneurship, Retail, Media & Advertising, IT, FMCG, Real Estate, Hospitality & Services, Pharma and Healthcare, Manufacturing, Banking and Finance, etc. These help in interactions involving the creme-de-la-creme corporates as well as Welingkar students who brainstorm issues on the gap between academic delivery and industry interface as well as future trends.

While Welingkar is doing its best to provide the intangible framework to students, it aims at real-time interactions with the corporate world for students.
Building Business real-time
This July, the Prime Services Division, Credit Suisse, US, was able to acquire 10 new clients on the basis of an analyst report on 'US Markets' prepared by an intern from Welingkar. His efforts were recognized and commended by the Director, Prime Services, US.

Welingkar encourages each student to transcend all barriers of expectations to achieve one's goal of perfection.
Applying holistic approach at Siemens
An instrumentation engineer did his summer internship with Siemens in the operations department. He sat down with the workers, understood and analyzed the processes and found that the problems were more due to ergonomic issues faced by the laborers rather than pure operational issues. He convinced the senior authorities to bring about those changes and as a result there was a noticeable improvement in the quality as well as the production.

He learnt that a holistic approach towards problem solving involves looking at a problem purely from the consumer's point of view rather than slotting them as finance, marketing, operations or a human resources problem.
In the wake of a catastrophic event, the greatest impact is felt by the low-income sectors of society who tend to live in the most vulnerable properties and are the least able to fund recovery efforts. For example, a typical rural farmer in India whose home and means of income are destroyed during an earthquake experiences total financial devastation since he and millions of families like his, are not covered by insurance. As the world's leading catastrophe risk modeling agency, Risk Management Solutions (RMS) has provided scientifically-based models and technology to help the insurance industry quantify catastrophe risk for over two decades. Its products and services are primarily used for managing risk in developed regions of the world where insurance penetration is high. RMS understands that quantification of risk is essential but not enough in order to provide insurance protection to the Bottom of Pyramid (BOP) populations. RMS's agenda has been to bring together interested but isolated stakeholders on both the supply as well as demand side hand in hand, aimed at effective implementation of ideas in this space. RMS in association with the Welingkar Institute of Management, Bengaluru is conducting a research study on the outstanding portfolio of the microcredit industry in Andhra Pradesh.
Pilot project in Andhra Pradesh - Collaborative effort to conduct the study with The Welingkar Institute of Management:
At the end of 2009, RMS initiated to develop a commercially viable catastrophe micro-insurance model for the Micro-credit market and its clients in Andhra Pradesh, given its highly prone nature to droughts, floods and cyclones. The pilot project will involve key Micro-credit operating organizations (MFIs, Banks, etc.) in Andhra Pradesh and assess feasibility of insuring amounts of their active loans. Prof. Madhavi Lokhande of the Welingkar Institute of Management, Bengaluru along with Ms. Suruchi S Wagh have initiated the pilot study in Andhra Pradesh. For the pilot project, Andhra Pradesh was selected given its highly prone nature to cyclones, floods and droughts. The project will involve key Micro Credit operating Organizations or Banks operating in Andhra Pradesh and assess feasibility of insuring amounts of their active loans. It has been found that such solutions for transferring disaster induced financial risks of Micro-credit and their clients to insurance markets are rare and not fully developed in India. In order to initiate this effort, at this stage, primary and secondary data collection about some basic information about microfinance activities in Andhra Pradesh has been initiated.
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