Lal Bahadur Shastri Institute of Management, New Delhi marks the day of its inception since 1995. The Institute celebrated its 24th Foundation Day on 23rd February 2019. LBSIM is a premiere institute which imparts quality and value-based management and technical education relevant to Corporate and Societal needs through continuous learning, societal responsiveness supported by Strategic National and International Partnerships. The theme for the Founder’s Day was “Securing India-Challenges for Future Leaders”. The Foundation programme was graced by the presence of Lieutenant General Deependra Singh Hooda (Retd.), PVSM, UYSM, AVSM, VSM (bar), ADC, Former General Officer Commanding in Chief Northern Command as the honourable Chief Guest.
The event commenced with some brilliant performances showcased by Mantra, the Musical Society of LBSIM to pay the tribute to all the martyrs who sacrificed their lives for the security of our nation. Next to this, was the display of the life journey of Shri Lal Bahadur Shastri Ji with an aim to inculcate his values into the future leaders of the world.
The Founder’s Day Programme progressed further with the lighting of the lamp by the honourable Chief Guest Lt. Gen. Deependra Singh Hooda (Retd.), Shri Anil Shastri (Former Union Minister & Chairman, BOG, LBSIM), Dr. D.K. Srivastava (Director, LBSIM), G.L. Sharma (Advisor, Corporate Interface, LBSIM), and Mr. Saurabh Maloo (President, Management Grid, LBSIM). Dr.D.K.Srivastava extended a welcome address expressing his gratitude to everyone. After this, the Chief Guest graced the dais with his contemplative insights on the theme.
There comes a time when the life of every nation stands at a historical crossroad, and the leaders must choose which way to go. He mentioned that the future prospective of India looks like a gloomy picture but, a promising bright future is also accompanied by some challenges which must be properly resolved in order to make the picture, a reality. By 2040, India will overtake USA in GDP size. Looking at the other side of the picture, India has the highest population living in poverty. There are some crucial challenges which will make India less secure in the coming years.
He indicated that there is much more to national security than guarding the international borders. And some of the challenges that the future leaders will have to face: Social Exclusion, Economic Distress, Technological Disruption, Environmental Degradation, to name a few. Meanwhile, focusing on the brighter side of the picture, there is a huge advantage of the Demographic Window of Opportunity, which also develops a huge challenge of managing an enormous young population and generating employment for them. These are the major challenges that will be faced by the future leaders on the road of development that lies ahead. He indicated that good governance is the key to avoid conflicts. He ended his speech by mentioning that it’s the future which looks uncertain but there is a clear certainty that the students, the future leaders will make the difference.
It was followed by the presidential address delivered by Shri Anil Shastri. He extended his best wishes for the 24th Foundation Day of the Institute. He complimented the Chief Guest for sharing the value-based learnings to the students. He also paid tribute to the Indian Armed Forces for protecting the whole nation on the borders. He also saluted the martyrs for their contribution towards the whole nation. He saluted the Indian Army for remaining apolitical. He mentioned the nation’s self-respect as the second greatest strength of India.
The programme was taken ahead by Ms. Smita Sharma who announced the recipients of the Corporate Excellence Award 2019. The awardees for the prestigious award were:
- Mr. Mayank Chawla, Batch: 1995-97 who is the Vice President at Paytm
- Ms. Sonali Dhaiya, Batch: 1995-97 who is the Senior Vice President of Kotak Mahindra Bank
- Mr. Prashant Menon, Batch: 1997-99 who is a successful Entrepreneur, Director of Green Earth Ventures.
- Mr. Abhishek Jain, Batch: 2004-06 who is the Director of Ernst & Young.
- Mr. Vineet Aggarwal, Batch: 1990-2001 who is the Vice President & Head of Landmark Insurance.
The ceremony concluded with the offering of memento to the honourable Chief Guest Lt. Gen. Deependra Singh Hooda (Retd.) by Dr. D.K. Srivastava. Next to this, Dr. G.L. Sharma proposed the vote of thanks to the Chief Guest, Shri Anil shastri, all the dignitaries, the faculty members, and the students. He emphasized on the criticality of the word strategy which is based on data that is hugely available with taking into consideration the environmental factors and then properly devising an effective strategy. He extended his gratitude to all the award winners for their presence on the 24th Foundation Day of LBSIM. He mentioned the newly devised mentor-mentee relationship initiative for the betterment of the students. The first half of the session marked its end by everyone singing the National Anthem.
The second half of the session was graced by Spic Macay – Shrimati Rani Khanam Ji. Kathak means “Katha Kehna”. A renowned kathak performer who enthralled the audience with her grace and perfection. She took the session in lecture-performance format and enlightened us with various forms of kathak. She stated that there is a different aura to perform in front of young audience and engaged us in her performances. It was really a mesmerizing and enthralling event.