Vedanta’s Case Study Challenge won by ISB students
10th February 2022
New Delhi, 10th February 2022: Vedanta’s XStrat B-School case study competition came to a grand culmination, with the team from ISB Hyderabad winning the maiden season. IIM Ahmedabad lifted the 1st Runners Up award, and IIM Calcutta and MDI Gurgaon jointly bagged the 2nd Runners Up award.
Launched in November, Vedanta XStrat B-School case study competition gives India’s talented student community a sneak-peak into the interesting spectrum of business cases in the metals and oil & gas industry, which they are not traditionally exposed to, at a time when India is emerging as a global manufacturing destination. The case studies spanned interesting themes such as new market development for Oil & Gas business, innovations in ESG excellence, creating greater value for the conglomerate, etc. In the first season, the competition saw participation of over 6000 students from 30 premier management colleges of India. 20 CXOs from Vedanta’s group companies mentored the students as they competed through various rounds.
Congratulating the winners, Mr. Anil Agarwal, Chairman of Vedanta, said, “India’s youth is its true strength. They have the entrepreneurial drive, passion and outlook that is required to capitalize upon the land of opportunities that is our country. Vedanta is a young company with a young employee base. Our learning curve is steep, and we make sure to provide our employees with opportunities that accelerate their career progression, as we build India’s self-reliant future together. This initiative is our endeavour to encourage critical thinking and problem-solving abilities in our future leaders. Hearty congratulations to the winners and their alma maters for winning the first season. We look forward to having the talented students as part of our vibrant team at Vedanta.”
Speaking at the event, Ms. Madhu Srivastava, CHRO of Vedanta Limited said, “At Vedanta, we strongly believe in our human capital that has transformed us into a world-class natural resources conglomerate that leverages leading-edge technologies, strong analytics, and global collaborations to create immense value for our customers and country. Our industry leading people practices have nurtured a culture of meritocracy that enables our employees to explore their potential to the fullest. Nurturing the right talent, with the desired attitude and skills, is fundamental to shaping Vedanta’s growth strategy and our case study challenge XStrat, is one such interesting endeavour in this direction. We are delighted to welcome the winning teams to the Vedanta family.”
The students from ISB Hyderabad, Vishnu Kiritee Guttikonda, Akhil Ruttala and Pradeep Bodige, stood out amongst all participants for their insightful analysis on unlocking greater value and capitalizing on emerging opportunities for Vedanta and its group companies.
“Kudos to Vedanta management for the event! All members of the jury and management of Vedanta group were very encouraging. We received valuable feedback and suggestions from our assigned mentor. It was a great learning experience all together.” – Pradeep Bodige
“I feel very proud for winning a national competition. I’m happy that I got to represent ISB on a national level. I’m speechless at the thought of working with a great company like Vedanta and some of the best people from all over the world.” – Vishnu Guttikonda
“The senior leadership of Vedanta on the judging committee was very encouraging and supportive. The mentor assigned to us helped us refine our solution and gave us a structured pathway to follow. The leadership encouraged new ideas and innovative thoughts, which kept us highly motivated throughout the competition.” – Akhil Ruttala
Vedanta recruits nearly thousands of high-quality talent directly from over a hundred top-tier management, engineering, technical and finance institutes across India. Vedanta also hires talent from global B-schools for its global programs. As one of the most progressive manufacturing companies, Vedanta is also recruiting talent from specialized new age programs like Digital, Data Science & Analytics, Sustainability, Forensics, Quality, R&D etc. with a focus on ensuring a healthy representation across genders, geographies and demographics.
Vedanta strives to identify high-potential talent early on through several industry-leading assessment programs and providing them avenues for holistic growth & development through empowering job roles, best in-class benefits, accelerated career progression, opportunities to take up cross-functional assignments and mentoring by CXOs. The company believes in providing employees with high-impact roles that provide them a ring-side view of global best practices and exposure to strategic projects, enabling accelerated learning and skills required to take up CXO roles in the Group very quickly in their career.
Testimony to its vibrant people culture, Vedanta and its group companies have been certified as ‘Great Place to Work’ many times over. The company continues to be one of the preferred employers for India’s top talent across specializations.
About Vedanta Limited:
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.
For more information, please visit www.vedantalimited.com
About Vedanta Aluminium Business:
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.37 million tonnes in FY24. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
For more information, please log on to www.vedantaaluminium.com
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This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
