Mr Ajit Balakrishnan, CEO, Rediff.com inspired the students and executives with his views on entrepreneurship.
In his address, Mr Balakrishnan said, "To be a successful entrepreneur today you need to think big, act quickly and innovate using high end technology." Mr. Balakrishnan believed that the youth of today is capable of building a bigger and better India.
As part of the competition, SPJIMR student teams presented successful private companies' profiles to the audience and then the companies were open for trading to the audience posing as investors. The company with the highest Market Capitalization was declared the winner and the winning investors were the ones with the highest portfolio value.
MobMe Wireless Solutions Pvt Ltd (SPJAIN, DUBAI) received the Jury Award for Best Global Team; PayTronic Network Pvt Ltd got award for Best Overall Team; Lithos Acoustics for Best team in Track 1; PayTronic Network Pvt Ltd for Best team in Track 2; Sumanson Pvt Ltd For Best team in Track 3; Amrut Dash (SPJIMR Batch 2008-10) for Investor with highest portfolio value and Sams Fruit Products Private Ltd for Team with highest Market Capitalisation.
"LST is an entrepreneurship event which aims to inspire the youth. At LST the audience learns about various business opportunities from successful entrepreneurs and also try their hands at a simulated trading game", says SPJIMR.
Praising the efforts of SPJIMR students, Mr Tejal Raut, NEN, Mumbai said, "This is one of the most memorable and excellent events I have participated in. The coordination of students at SPJIMR was excellent, and the concept of LST is quite good."
