Shillong: Keeping up with the tradition of having varied and diverse interactions with the corporates, and getting exposure to new and different dimensions of business, students of IIM Shillong today had an open interaction with Mr. Anjani Mandal, CEO of Manipal Technologies. Mr. Mandal, an alumnus of IIT and IIM, has an illustrious career spanning 22 years in the IT and BPO services sector. He took over as the CEO of Manipal Technologies in 2008. Manipal Technologies Ltd. has progressed from being a security print products manufacturer to being the preferred outsourced service partner to the Indian Banking industry.
It has grown from a small enterprise to a 175 crore rupee business and is also the market leader in the secure printing segment. Sales have been growing rapidly, with the previous year witnessing an impressive 75% growth while EBITDA has been growing consistently at 20%. Mr. Mandal presented the view of a medium sized niche services company in the printing technologies sector. He expressed his view on several concepts such as value creation, maximizing shareholders’ value and importance of sustainability in business practices. The session saw a stimulating and invigorating discussion between the students and Mr. Mandal, wherein he put forth the problems faced by the company at different stages and then invited the students to offer their solutions. The answers and perspectives were aplenty.
Mr. Mandal then explained the evolution of Manipal Technologies from Manipal Press Ltd., where the company has now developed competencies in different technologies and has forayed into a number of businesses. The session was beneficial for everybody as Mr. Mandal gained fresh ideas from the students and the participants acquired a whole new perspective on how to manage small and medium enterprises.