27 minute read
Cover Story: mjunction eyes global growth
Abhijit Bhattacharjee, Business Manager, Middle East & Africa, with Sanjiva Verma, Regional General Manager – Middle East & India, Tata Steel, and a buyer, after mjunction’s maiden scrap e-auction in the region, conducted for Tata Steel, Middle East
mjunction spreads wings outside India; trains eyes on global growth
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mjunction began operations in the B2B e-commerce segment in the year 2001 based out of Kolkata. At that time, metals and minerals were mjunction’s core area of operations, and the eastern part of India was a strategic location with a concentration of mines as well as integrated steel plants. mjunction rapidly began diversifying and before long, it had spread its reach to all over India. Today, mjunction has more than 300 employees posted across different parts of India in the three other regions apart from the east.
It was also not long before mjunction started looking beyond the Indian shores, and as of today, it has a presence in diverse geographies. As mjunction’s services grew qualitatively and became world-class, it was the right time to look outside India and compete with the best in the business in the same space.
One of its primary bases outside of India is in the United Arab Emirates. mjunction has an office in Dubai and one full-time employee is based out of there.
UAE Procurement and e-selling services are both segments in UAE which need mature service providers like mjunction. There are global competitors in the same space, and with mjunction’s maturity levels, it is one of the best in the business right now.
Though UAE is an upcoming economy, procurement functions, which is a strategic domain in any company, is not
In the last few years, we have steadily looked outside India, and today I feel we are well poised to expand our reach. We have identified the demands and our core strengths which can meet those demands. I see a positive growth in this direction.
Vinaya Varma MD & CEO
yet as evolved, and there is a huge scope for mjunction to make its presence felt. UAE is the hub for scrap trading and yet there are no organised players for scrap sales. These gaps make it the right region for mjunction to concentrate in at this juncture.
mjunction has cashed in on this opportunity and today Voltas is one of its leading clients. mjunction has digitised its
6 Volume XII n Issue i project procurement process completely, resulting in 100% adoption by suppliers.
mjunction set up its first office outside India in Dubai UAE, in September 2017, and two years down the line, it has an exciting line-up of projects, cutting across services and categories. One of its key achievements has been the first steel scrap sales for Tata Steel, UAE. Traditionally, the price discovery for steel was done offline. The price discovered online was 36 percent higher than the last selling price obtained through the offline process.
To ensure that the buyers had a seamless and glitch free experience, an auction strategy was designed by the mjunction team after taking feedback from buyers in the region.
Europe mjunction has big plans of expanding its range of services in Europe. Its latest feather in the cap is Tata Steel UK.
Having recently secured a long-term scrap e-selling order with Tata Steel UK, mjunction will now not only service the mandates, but also aggressively develop its bidder base and local capabilities in UK and Europe. Having acquired more advanced capabilities for local markets, new clients in Europe specific geographies will be targeted and acquired in the near to mid time horizon.
Tata Steel UK itself offer multiple opportunities from Procurement Services, Reverse Auction and Forward Auction
Client : RAK Waste Management Agency, Govt. of Ras Al Khaimah, UAE Industry : Government Organization, Ras Al Khaimah, UAE Geography: Ras Al Khaimah, UAE The mandate was to dispose off the OCC (Old Corrugated Cardboard) through online auction achieving the best rates. What did mjunction do: mjunction adopted the most suitable auction strategy and terms and conditions were set to suit RAK Waste Management Agency and the customers. A range of customer base was selected only with those companies dealing with the offered items. Outcome: Successfully conducted the pilot auction and sold approximately 800 tonnes of OCC scrap. The auction price was above expectation and buyers participated from different locations across UAE. Client : Tata Steel UK Limited Industry : Steel Geography : LLanwern, Wales, United Kingdom The mandate was to fetch the best market price for surplus stock of unused bearings in a transparent manner. What did mjunction do: The lot structure was prepared after physical inspection, considering the maximum saleability and optimum price realisation. Terms and conditions were set to suit Tata Steel and the customers after analysing the nature of the market and best practices followed by Tata Steel in the past, among others. Customers were selected only with those companies dealing with different types of bearings. Provided thorough training to the potential customers, designed and executed dummy auctions with a replica of the live auction platform. Provided the customers a hands on experience on the bidding process. Outcome: The auction price was 100% more than expectation, which left the client highly satisfied.
Client : Voltas UAE, Bahrain & Qatar Industry : Electromechanical Projects (MEP) Geography : Middle East The client needed to streamline their cumbersome and time consuming vendor selection process, as their current process was unable to support the complexity required in project procurement. What did mjunction do: mjunction made Smart Templates for all categories and enabled the designing of all possible scenarios and complex evaluation formulas. It made a customised comparative chart for technical and price bid, which enables the Procurement team to take quick decisions and introduced the reverse auction facility to increase competition. More than 1,000 line items can be handled in a single RFQ and using Robotics Process Automation, there are multiple ways to bid in the platform, increasing adoption. Outcome: The complete digitisation of the project procurement process resulted in 30% reduction of cycle time, 40% release of operational bandwidth, 100% adoption by suppliers and increased participation and trust among bidders. “We have started the journey to establish mjunction in target overseas markets – Europe, UAE and APAQ being the go-to markets. We have acquired “anchor” customers in these markets who can develop as great references for mjunction. Our teams have already demonstrated the ability to deliver services in these geographies. We will be challenged but if the Indian IT Companies have done it, then why not mjunction!”
Dipankar Mukherjee Chief of Sales & Marketing
“UK and Europe offer us an opportunity to leverage our core strength and core expertise in steel and metals to the fullest. We plan to have our Europe and UAE branches deliver the next level of growth to mjunction in the near future.” Anirban Sarkar Head, International Sales
for steel products and by-products. The main steel producing unit is in Port Talbot, South Wales, however the current contract covers multiple downstream units of Tata Steel UK, and therefore opens up opportunities from Shotton to Newport to Caerphilly.
Tata Steel also has a major unit in Europe in Netherlands and around downstream units in over 20 locations in different European countries. Tata Group also has other major investments in UK and Europe like Tata Communications, JLR, Tata Technologies etc. There are also other companies such as British Steel, Liberty Steel and Celsa.
Singapore, Australia, Middle East Transaction Processing has been delivering steel reinforcement solutions to the civil, commercial, industrial, infrastructural, educational and residential construction projects for Singapore, Australia & Middle-East market. The mjunction team has more than 40 executives, having diverse industry knowledge, has been successfully helping in preparation of “shop” drawings for steel reinforcement for numerous projects – in both Pre-Tender Estimation and Post Tender Detailing. Till date it has delivered more than 6 lakh tons of detailing jobs for its international customers. Transaction Processing’s association with international customers; NatSteel Holdings, Singapore & Best Bar Reinforcements, Australia is for the last eight years on delivering Rebar Estimation & Detailing services. In the near past, with its volume based model it has also helped companies like GBMT, Seven Seas, Emirates Rebar & Gulf House from the Middle-East regions, namely UAE, Oman and Muscat.
It has been creating values in cost savings, quality and automation aspects for its customers. A project tracking platform
“The UAE government’s focus on transparency and digitisation bodes well for organisations such as ours. With the economy growing, our procurement and scrap e-selling platforms are well placed to take on global players established in the region.” Abhijit Bhattacharjee Business Manager, Middle East & Africa
has been developed internally by our IT team to monitor the ongoing jobs, and this is being rolled out to our customers.
In an engagement with TATA Steel Europe, Dubai, Transaction Processing has been able to add a new service in their portfolio i.e, Comflor (Metal Deck Sheet) Detailing work. Presently it is exploring acquisition of more customers from international markets for this service line.
Bidding for OALP Bid Rounds 2 & 3 concludes B idding for OALP Bid Rounds 2 and 3 to allocate 32 oil blocks, concluded seamlessly on May 29. Allocation of oil blocks will be declared by DGH soon. This event followed successful allocation of 23 contract areas covering 59 oil & gas fields in DSF (Discovered Small Field) Bid Round 2 concluded in January 2019 and 55 oil blocks in OALP Bid Round 1 approximately worth $25 billion.
I congratulate the entire mjunction team for seamless support provided to bidders during OALP Bid Rounds 2 and 3. We hope the team maintains its service excellence in future as well. Atul Gupta, Geophysicist, DGH
The mjunction team, consisting of EPS Head Partha Chakraborti, Rimi Ghosh, Morris Malik & Shabir Khan at the DGH office in New Delhi during bid opening event.
Procurement contract with MRF
mjunction has signed a Procurement contract with MRF, whereby it will manage buys for nine MRF plants all over the country.
The mjunction procurement platform will be deployed for better visibility of the procurement process and faster processing of the PR to PO cycle, as well as facilitating savings on overall spend managed by mjunction. Mr Joshy Joseph, GM Commercial and Mr Mohan Kurian VP Commercial, of MRF at the contract signing with the mjunction team consisting of Manish Mathur, K Senthilnathan, P. Dhanaraj and Sourav Dey.
mjunction to conduct e-auction of lignite for NLC
The Neyveli Lignite Corporation (NLC) has appointed mjunction to conduct e-auction of lignite from mines in Neyveli in Tamil Nadu and Barsingar in Rajasthan.
NLC is a Navratna PSU, and is one of the largest lignite mining companies in India.
With this contract, mjunction extends its footprint to lignite, ball clay, white clay and silica sand.
Tata Steel UK
mjunction has signed a long-term scrap e-selling order with Tata Steel UK, Material to be sold for Tata Steel UK: Redundant spares, regenerated scrap and old plants.
mj forays into real estate sector
For the first time, mjunction conducted e-auctions in the housing and real estate sector, for the Uttar Pradesh Awas Vikas Parishad (UPAVP).
UPAVP was following an offline process till now. mjunction’s customised e-auction platform makes it convenient for potential buyers, by getting them direct access to the UPAVP properties, besides being assured of market-driven price discovery. Commercial plots for group housing, schools, nursing homes and hospitals were among those up for e-auction across six zones of the UPAVP - Lucknow, Meerut, Bareily, Agra, Varanasi and Kanpur. A total of 17 plots have been sold from these zones.
MD & CEO of mjunction, Mr Vinaya Varma said: “mjunction has provided a customised platform to Uttar Pradesh Awas Vikas Parishad for selling their properties through e-auction. Creating a transparent and convenient channel for purchasers has also led to significant price appreciation for UPAVP. This is just the beginning and we expect to extend this to other states in the near future.”
A large number of buyers participated in the e-auctions, and the total price arrived at for the properties was significantly above the price estimated by UPAVP.
According to an official from UPAVP, “This is our maiden effort in moving towards an online process for e-auctioning our properties. mjunction provided a customized and transparent mechanism that is convenient to our buyers and provides them assurance for marketdetermined price discovery.”
The Management Team of mjunction services limited, along with its Board of Directors (in picture), participated in a long-term Strategy Workshop on April 20, 2019, at Thimpu in Bhutan.
During the one-day workshop, MD & CEO Mr Vinaya Varma presented the company’s long-term goals and strategic objectives, to mjunction’s Board of Directors. This was followed by individual presentations by the Leadership Team, where they elaborated upon their plans to achieve the organisation’s goals.
MD speaks on innovation at Wharton conference
mjunction MD & CEO Mr Vinaya Varma was invited by Wharton to deliver a talk on “Creating Connection Architectures” at the Spring Conference 2019 organised by the Mack Institute for Innovation Management. The theme of the conference was “Building Continuous Customer Relationships for Competitive Advantage.”
Mr Varma spoke about how mjunction, India’s largest B2B e-commerce company, connects businesses with other businesses and how it is critical for mjunction to make efficient and effective connections. It is these connections that has enabled mjunction to foray into the domain of e-marketplaces, he said. Mr Varma was later interviewed for Wharton Radio, and Wharton published the interview and podcast on its website and their social media. The interview is available at https://mackinstitute. wharton.upenn.edu/2019/e-commercevinaya-varma/
mjunction conducts e-auction of auto scrap for Mahindra & Mahindra
Mahindra & Mahindra (M&M) has decided to make a shift from offline to online for selling the automotive steel scrap generated by its component manufacturers, and mjunction services limited has sold over 9,000 tonnes of scrap in FY19 on its platform for M&M.
Buyers from Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Uttar Pradesh and Uttarakhand participated in the e-auction of steel scrap at 12 auto component manufacturers of M&M.
This is part of our continued efforts to digitise sectors that still use age-old offline methods. Extensive market research has gone into identifying the right buyers and developing a platform for M&M.
Vinaya Varma MD &CEO
Through this transparent e-auction process mjunction was able to deliver market prices for the steel scrap, helping M&M and its component manufacturers get a substantial increase over what they were receiving from the offline process.
According to M&M officials, “The e-platform of mjunction is robust and the auction process is transparent and sustainable. This exceeds our expectations, encouraging us to extend this e-auction process of sale from the premises of our other component manufacturers as well.”
Extensive market research, pan India exposure, a userfriendly platform and training for the buyers eased the online process for M&M and their suppliers.
Maiden auction event for Tata Sponge Iron
mjunction sold 2,665 tonnes of cast iron, mild steel and alloy steel scrap for the first time from Tata Sponge Iron Ltd, Gamaharia, in Jharkhand. Tata Sponge Iron Ltd is one of India’s largest merchant sponge iron manufacturers in Odisha, engaged in the production of sponge iron by direct reduction method of iron ore and power generation from waste heat.
The Challenges There were a number of challenges that mjunction faced before the e-auction event was conducted. It had to study and understand the offered product and its application industry, especially the attributes which attract buyers.
It also had to understand the downstream business, buyers’ purchasing behaviour, competition among competitors, and buyers’ pain points with the manufacturer. In fact, all buyers were accustomed to only the direct traditional mode before the auction event took place.
What did mjunction do? The mjunction team conducted extensive market research and sent its executives all over India to identify the correct buyers keeping in mind the client’s expectation.
With this approach, mjunction convinced 59 unique buyers to participate in the e-auction event.
During the very first event, there was unique bidder participation of 39 and 100% of the material was booked.
The price achieved was much above the prevailing market rate on the day of the event.
Both the client and the buyers were satisfied with the mjunction event. The client appreciated mjunction’s efforts as well as the outcome of 100% success out of this transparent process.
Customer meets at Kanpur, Kolkata & Jajpur
LEADERSH P BYTES
Aninda Chatterjee CFO & Vice President-Finance - In charge of F&A, Secretarial, Legal, Strategy, Administration & Procurement
What strategic role do you think Finance & Accounts can play in the B2B e-commerce sector?
F&A can find proper financial partners and intermediaries which will boost the interaction among buyers and sellers over the platform. With proper allocation of funds, opportunities can be looked into for growth of business. F&A can also support through timely finance or identifying timely alliance opportunity for inorganic growth.
mjunction has the right maturity in terms of people strength and capability, as well as necessary experience and the required capital to aspire for a quantum growth. F&A’s primary role, would be to ensure that the mjunction moves fast and yet remains on track to continue to create value for its stakeholders.
Strategy is a key part of your responsibilities. What would be your strategy to ensure success in the B2B e-commerce space that mjunction exists in?
I believe it is not enough that mjunction looks at only organic growth. It has to have the right mix of organic as well as inorganic growth in order to really ride the wave of the e-commerce boom successfully. It is pertinent to mention here that even in this boom, 99% of the new e-commerce companies have failed. Strategy will be critical in choosing the right business model to ensure success. It will have to create the right matrix based on its analysis to monitor whether the business model chosen is in its path of success.
Strategising all the organisational functions have to be geared up both in terms of capacity and capability to be able to support this growth seamlessly.
How do you view your role in mjunction vis-a-vis the legal aspect?
As a company, our job is to do business efficiently and in a compliant manner. So compliance to the norms and regulations has to be of foremost importance for completion of day to day businesses.
Hence appropriate risk management and effective compliance assurance needs to be in place so that the company’s resources are focused towards business and creation of stakeholder value. We need to stay focused in our business, having processes and practices compliant. It is also very important to choose, with whom we shall do business so as to minimise the occurrence of ‘litigation’.
I also have in my basket two other support functions which contribute to making mjunction a good place to work in. One of them is Administration, by which I feel we should aim to create the right infrastructure and provide right amenities so that the workplace becomes not just a place to work but where one is able to enjoy the work and the work environment. Procurement, on the other hand, is getting the best value for money for the organisation in time. Since you have come in from the B2G segment, what is the primary difference you find in approach?
I was previously a part of the B2G space – as an execution arm for implementing government policies. The thrust was primarily on compliance to government rules and norms and executing various projects that are required by various departments of the government. Compliance was more in focus rather than efficiency and profitability. There the primary form of the government is social profit, which does not get captured in a company’s balance sheet. Since social benefit accounting is not part of the balance sheet, it becomes difficult to determine the real value that such organisations bring with them.
In B2B and in mjunction, on the other hand, ethically ensuring sustained creation of stakeholder value is the primary focus, which also gets appropriately reflected in the financials of the company. Success or failure will have direct reflection in the financial results.
How do you keep yourself busy in your free time?
Free time is scarce. Social media has helped me to reconnect with my school friends of over 25 years. I spend a lot of time meeting them along with their families, retracing our journeys and having fun together.
Living the core mj values
C. Sekar Sanmukh joined the mjunction family in 2010 in Chennai from where he moved to Visakhapatnam in 2016. During this journey, Sekar proved his mettle with his hard work, dedication and sincerity, winning the confidence of those who worked with him.
Before Sekar joined mjunction, his first job was with a leading textile machine manufacturing company after he obtained his engineering degree. There he was associated with the Sales function and hence Customer Relationship Management at mjunction was a new functional area for him. He is grateful to his seniors and his peers who not only gave him enough time to settle down but also helped him to get familiar with the culture of the organisation. Sekar has worked across all business units and a diverse cross-section of clients, and in the process, it has been a continuous learning experience for him. Fortunately, it has been a satisfying journey with clients appreciating his efforts always.
Sekar had an interesting childhood where he lived in different parts of India – Madhya Pradesh, Gujarat, Delhi and Jammu - by dint of his father’s job. This exposure to different cultures always stood him in good stead.
Sekar began his stint in mjunction with the Steel business unit and served clients such as VISL, SSP, SRCL, NMDC, Tata Steel, TSPDL and SAIL CMO. He had to interact with all concerned teams and coordinate with them in order to meet client expectations and meet organisation
C. SEKAR SANMUKH Account Manager, RINL, Visakhapatnam
goals. He also worked for the Idle Assets business with clients such as L&T, SCCL, Tata Hitachi, and TTSL and met with similar success.
According to Saranathan Srinivasan, Regional Account Manager (South), “Sekar has given his best from Day One. He has a calm disposition and is a pleasure to work with. When he moved to Visakhapatnam, he took a calculated risk and that paid off. His dedication, hard work, diligence and passion towards his work even when he is officially on leave are great qualities and an example to youngsters. It is no surprise, therefore, that clients have always reposed great confidence in him.”
Sekar got married just a few months before joining mjunction, and thus had to adapt to two new roles at the same time. His wife has been his greatest support and takes care of the entire family so that he can
concentrate on his work. She manages the home, looks after their son’s education, and lends a supporting shoulder to Sekar with his own problems sometimes.
Sekar’s three-year stint in Visakhapatnam till now has been replete with challenges and learnings in equal measure. For him, though the process was the same, the area and the material was all new. Sekar gained the client’s confidence slowly and earned words of appreciation from them.
Sekar loves to play all sports but his favourites are table tennis and cricket. In his free time, he reads books. There is always a special place in his heart for his family and friends.
In his own words, he has earned the respect of his colleagues over the past years at mjunction and has always found support with them.
mjunction Chief Information Officer Mr Amit Khan was the speaker at a session on "Cyber Security Risk and Incident Response on Cyber Breaches" at the Joint Audit Conclave 2019 organised in Kolkata by The Institute of Internal Auditors, Calcutta chapter.
The theme of the event was "Smart Auditing - Value Beyond Assurance", and discussed the role of Accounting Bodies for betterment of Auditing profession and Smart Auditing to exceed the expectations of Stakeholders in Fraud Risk Management and Cyber Security.
mjunction’s Internal Audit team participated in the conference. Tata Metaliks, Tata Capital, Indian Oil, Haldia Petrochemicals, Institute of Chartered Accountants of India, Institute of Cost Accountants of India and Institute of Company Secretaries of India were some of the other participants.
Coal Business Head speaks on Sand Mining
CIO with mjunction’s Internal Audit team
National Finalist @ UDAAN 2019
mjunction’s Head of Coal and Tea Business, Mr Deepak Bhattacharyya, delivered a talk on Management of Minor Minerals - A Case Study on Sand Mining and Administration at the 8th India Minerals & Metals Forum organised by Indian Chamber of Commerce on June 27 in New Delhi. His fellow panelists included Mr Gitesh Agarwal, Queensland Trade and Investment Commissioner – India Trade and Investment Queensland, Mr D.K. Mohanty, CGM Mining, Odisha Mining Corporation and Mr Mukesh Kumar, Manager MAS Section, MECON.
mjunction, represented by Debasish Mukherjee and Abhishek Kar, emerged national finalists at Udaan 2019, a national-level quiz organised by SAIL MTI at its Ranchi campus annually.
This year, more than 80 teams took part in the quiz on June 23 at the SAIL MTI auditorium. It was a hard fought event where the top four teams from the prelims make it to the final directly, while the next six fight it out in a nail-biting semi-final round. mjunction, on the basis of its prelims score, was the second team to qualify directly for the national finals second year in a row.
International Yoga Day @mjunction
mjunction observed the Safety, Health & Environment (SHE) Week from June 3 to June 8 to coincide with the World Environment Day on June 5. The week began with the MD & CEO Mr Vinaya Varma addressing all junctionites on the theme of "Join Us to Fight Air Pollution." He spoke on building a sustainable environment and focused on the hazards of global warming. He said each of us must make a difference in our own way.
On this occasion, mjunction hosted a special guest - Ms Sambiti Chakraborty, ACP Traffic, of Bidhannagar City Police.
Ms Chakraborty sounded warning signals about our everyday lives that makes air pollution levels rise, saying that we could all take small steps to mitigate the harm - car pooling for instance.
Towards afforestation and creating livelihood, mjunction has signed an MoU with Ramakrishna Mission, Narendrapur. As per that agreement, trees will be planted across five acre of land towards afforestation and creating livelihoods for the local community, who can sell the fruits in the future. Junctionites themselves will plant saplings on the inauguration day of this project.
Mr Varma and Ms Chakraborty then planted a sapling together to inaugurate the weeklong celebrations. Ms Chakraborty also addressed all women employees at an awareness session on women's safety. Environment-friendly jute bags were distributed among employees on the occasion.
A quiz on "Environment and Pollution" and a display of safety equipment marked the second phase of the Safety, Health and Environment Week at mjunction. “Quick Ride,” a car pooling app, promoted the concept of car pooling as a way to reduce vehicle emissions.
The last leg of the celebrations consisted of a health and eye camp for junctionites. The health camp was organised by AMRI Hospitals whereas the eye camp by ASG Eye Hospital, in which 238 junctionites participated. A paediatric camp was a special attraction. It was organised by AMRI Hospitals and 11 children of junctionites availed of the facility.
mjunction lost Shahnawaz Alam, in a tragic road accident on June 13. He was a part of the Coal Business team and had spent over seven years with mjunction in its Kolkata office. He is survived by his parents, wife and daughter. All mjunction offices observed a minute’s silence in his memory on June 14.
Shahnawaz is fondly remembered by his colleagues. “Shahnawaz was always there selflessly in times of need. A gentleman and a friend, a philosopher and a foodie – he will be deeply missed.” - Debojyoti Dey “The sad and untimely demise is shocking. His simplicity and honesty is beyond description and I will miss a great friend.”- Arup Chatterjee “Shahnawaz was a calm, loving and adjusting person under any circumstance.” - Aritra Bhowmick “I will always remember Shahnawaz as a simple hearted, down to earth person. He will be missed.” - Doel Chakraborty “We have lost a good and honest gentleman…...will miss him.” - Amit Karmakar “Shahnawaz was polite, helpful and friendly, with a smile on his face always. We are all missing him.” - Avijit Bose “Shahnawaz was honest, humble and patient – all rare and treasured qualities. He had a large and beautiful heart. May his soul rest in peace.” - Danish Rahman “Shahnawaz was a committed team member and a dependable colleague but above all a person with a heart of gold. His perseverance, gentleness and helping attitude made him stand out from others. We will miss him immensely.” - Avishek Majumdar “Perhaps I am one of the last people from mjunction with whom he shook hands before leaving for his holiday. His simplicity and politeness were commendable.” - Subhasish Mukherjee “Shahnawaz was polite, honest and helpful. He had a big heart and was a good friend to his entire team.” - Madhab Purkait “Shahnawaz was honest and hardworking person. He is alive in our hearts and minds and lives on through us.” - Bikash Khanna “Shahnawaz was a gentle and generous man. May his soul rest in peace.” - Palash Mukherjee “A calm and yet enthusiastic person, Shahnawaz’s contribution to the team is commendable.” - Gopal Rudra
mjunction won the prestigious and coveted “Best Innovative CSR Project Award” for Project Jyoti, its initiative towards transforming lives of visuallychallenged students, in collaboration with the Government of Chhattisgarh.
The award was received by CSR team at the “CSR Summit & Awards 2019” in New Delhi.
Acase study on mjunction, titled “The Branding Dilemma”, jointly authored by Prof Sanjeev Tripathi of IIM Indore and Dr Mahul Brahma, mjunction's Head of CSR, Corporate Communications & Branding, has been accepted for publishing by esteemed Ivey Publishing, US, which is the apex body for case studies.
Ivey’s case studies are used by Ivy League as well as other premier business schools. mj case study to be published by Ivey, US
Three Managerial Development Foundation Workshops were conducted across six days to build engaged and performance-driven teams, in which more than 70 senior management junctionites participated.
These workshops were aimed at gaining insights into some roles in creating a work environment where team members can strive to create an engaged workplace by continually focusing on and anticipating ones team’s changing needs. Workshops held for workforce engagement
Being engaged at work would mean that the team is psychologically and emotionally committed to their roles. Engagement does not have to be a complex or complicated process. It is about being aware of what your teams need to be successful and managing with their needs in mind. By making small shifts in engagement one can help their team members to be more efficient, effective and committed to their work.
