Date: 14th March
Center: IIM-B..
My background: B.Tech (Mechanical), IIT Delhi, working in software firm for 2 years..
G.D
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11 people in group...
Topic - "There are no facts, only interpretations"...
With 11 people competing for 15 mins of air-time it became a bit loud and messy...
In the end, they gave each of us - 1 min to express his/her point...
Interview
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3 people in the panel
1. Behavioural Sc. prof - A
2. Finance prof - B
3. Industry Guy - C
A - Tell us something about yourself...
me - i started by saying something about some principles of my life...
B - (cutting me in) leave this.. tell us about ur background, about ur schooling, what you have been doing etc.
me - (smiled) i come from meerut, did my schooling from there... did my engineering from IIT-Delhi... blah blah blah
B - (he was very VERY aggressive, he was practically jumping out of his seat) what would be (x-a)*(x-b)*(x-c)*....*(x-z) = ?
me - Zero
B - (aggressively) why?
me - coz there would be a term of (x - x) in this multiplication that would make it 0.
B - and what would happen if i change "x" with capital "X", so that equation becomes (X-a)*(X-b)*(X-c)*....*(X-z) = ?
me - depends upon the values of small "x" and capital "X", if they are equal..
B - (cutting in between) ok, leave it...
A - why do you want to do M.B.A ??
me - i believe there are 2 aspects of a business - technical and managerial.. blah blah.. (they seemed bored by this answer...

B broke in..)
B - you have written that you want to start a "concept-store", what is this?
me - i started explaining it...
B - (again, cutting me in, before i could complete) what will you sell there? who will be your customers?
me - told him about my idea - different industrial high precision components that i want to market. and why do i want to do it... (wanted to give an example of Asian paints and TELCO)
B - (again, before i could complete myself) what will be the size of this store?
B - (before i could say anything) ok, where will you start it?
me - wherever new industries will be starting, for example pimpri pune, outskirts of chennai...
B - tell me one place.... how many people will you employ?
me - sir, it depends upon....
B - (again, cuttin me) ok, you open it in carol-bagh, new Delhi...
me - (smile) ok sir
B - so what will you sell over there?
me - sir, it will depend upon which kind of industries are coming up there...
B - you don't know it? you have lived for 4 years in IIT-Delhi....
me - IIT-Delhi is in south Delhi, far away from carol-bagh... i don't have much idea about carol-bagh...
B - assume some industries....
me - ok, lets assume there are paint manufacturing Co.s coming up there...
B - what will you sell to them? paint? plastic-powder? huh?
me - no sir (smile) paint manufacturing Co.s will need different types of high precision pumps, motors, feed water heaters etc and some software to run them..
B - so, what good is this idea? everything is available on internet.. why wud somebody come to you?
me - because i would...
B - (again, before i could complete my sentence) no no no... why don't you start a grocery store?
me - (smile) yes one can even start a grocery store and earn a lot from it, but i believe this one is far superior idea...
B - you start a grocery store... i can even think of name for your grocery store...
me - (smile) what name?
B - "Grocery.com"
me - (smile

.... by this time, i am lost, as to what should i make of this interview.... this guy is just blasting me, without even hearing what i have to say... so i decide to remain cool and smile, no matter what.... )
A - see Manu, we have been taking interviews for past may yrs, and every yr students come and say the same old thing that they want to start a business.. It has become a fashion... We think, this is because of coaching institutes that have come up.. so we just want to judge whether you are actually interested in starting a business, or you are saying it just coz some coaching institute told you to do so..
me - sir, i don't know about others, but i can talk about myself.. (i went about explaining a business proposal of "concept-store", that i had made few months ago, and how it had bombed..)
A - but if you really want to start your business, you should be very passionate about it... you need to know everything that is there about it... you should be a living encyclopedia on that topic...
me - talked some more on that business proposal....
B - so why don't you join your family business? it would be much easier for you....
me - yes, of course i can do that.... but i wanted to do only that, why would i have taken so much pain to clear IIT-JEE and now CAT?? (i gave some principles that my Dad taught me and how me motivated me to study hard, explaining the significance of good education...)
(for the 1st time, they looked sort of satisfied..)
A - (politely) Manu, if we ask you some questions from your IIT academics and decide on whether you are a good student or not, based on your performance on those questions, would that be fair?
me - yes.... but i donot remember everything from my IIT academics...
A - of course... it has been 2 years since you passed out... so which subjects do you remember?
me - my fav. subjects were "Thermal Sc.", "Power plant engineering", "I.C engines", "automobiles" etc. ...
A - we wont ask you from these... we will ask you something very simple from a course that you did during your 4th year - "Financial management"...
me - (what the hell

why did you asked for my fav subjects when you didn't wanted to ask from them.. ) ok sir
A - do you remember different ratios?
me - (why is a Behavioural Sc. prof asking me something from financial management, while finance prof. (B) is sitting idle??? ) yes sir, we taught different ratios like debt-equity ratio etc.
A - what is liquidity ratio?
me - (ooooops) it is the ratio of "liquid assets of a Co. i.e. cash" to the "total assets of Co.".... (i am not 100 % sure)
A & B - (laughing)
A - are you sure?
me - i am not 100 % sure, but this is what i remember...
A - (still laughing) tell me, what will you do with such a ratio?
me - if this is the correct definition of liquidity ratio, one can analyze....
A - (cutting me short) leave this... tell me one thing... we have been wanting to ask this for a long time... tell me 3 things that will lead to Industrial revolution in U.P.....
B - assume that you are the God and u can do anything that u wish...
me - one of the major causes of problems being faced by UP is its high population and wide spread poverty. So if we need to bring any kind of development, the 1st thing to do, would be to check these two...
B - (jumping) and how will u do this? you will take a machine gun and start killing down people?
me - (smile) no sir, i...
B - ooh then you will take a Bomb and blast it to kill people...
me - no sir, you need to educate people, make them more aware...
A - no no... i can argue that this big population will be your prospective consumers.. this is not a valid point... start all over again...
me - the 1st thing to do would be to provide ample opportunities to people wanting to start their own business..
A - and what will you do for this?
me - one thing to do would be to provide interest free/ low interest loan to anybody who wants to start his/her business...
A - what do you think Indian Govt. is doing for past 50 years?
A & me - (in chorus) exactly the same....
A - then? how different is it from what Govt. is being doing? infact people take loan at lower rate and misuse it or lend it at higher rate to others....
me - the problem, is not in the policy itself, but its implementation... the policy is good and praise worthy but govt. hasn't been able to implement it properly, hasn't been able to enforce it. i will try to concentrate on implementation part..
A - ok ok... what next?
me - a state cannot progress, unless its women also progress... they have to contribute in its development...
A - (cutting me) which is the most industrialized state in India?
me - Maharashtra
A - so what has the women of maharashtra done for its development?
B - ooh you must be thinking that those skimpy actresses wearing extra small clothes have made Maharashtra industrialized...
me - (smileD) no sir... Maharashtra developed for a different reason all together, but same things / situations cannot be applied to every state... in a state like UP, large population of women are deprived of their rights... men are the bread earners and they dominate women... and just as you said men misuse the aid provided by Govt. Do, if the women are involved in business, the men will not be able to misuse the money... i will pass a law, that will ensure that a family female member is always a business partner, in all new businesses... this will check corruption and misuse of Govt aid..
A - ok, and what's your 3rd point?
me - (i think of talking about Railways and electricity, but then i think, these people will hit back saying that Govt has not been able to do anything in 50 years)
me - i will reform education sector... right now students think of choosing one out of 2 professions - Medicine & Engineering.... I will start new subjects at school level that will give insight into other career options... plus i will initiate colleges that will teach industry specific practical courses....
A - Do you know what "Ghaziabad" is called? i will tell you - it is called "City of management"... you know why? because, there are more than 50 MBA schools over there, offering different kinds of courses.... so what good it ur idea?
B - yes, and you never talked about electricity situation in UP...
(now he is saying it, i thought he will rip me apart if i mention electricity sector)
A - thats it, you can leave.....
me - thank you sir
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Thats it.... maxo grilling for about 35-40 mins and then i was finally out...