Genpact Limited has announced the signing of an agreement with the Indian Institute of Management, Udaipur (IIMU). Under this seven-year agreement, IIMU and Genpact will jointly develop a center for asset-based lending and finance and an analytics laboratory which will give students the opportunity to solve real time problems, work on proprietary and industry leading software tools and technology as well as get hands on industry experience.
Under the agreement, Genpact will offer summer internships to full-time students and set up a merit- based scholarship. Students who earn the post graduate diploma in management will be eligible for full-time employment at Genpact in its rapidly-growing banking, analytics and finance businesses.
IIMU and Genpact will also work together to create specializations in asset-based lending using application and practical software simulation to identify trends, assess risks, and predict emerging issues in the constantly evolving financial marketplace. This knowledge partnership will build a strong industry-academia linkage to promote, advance and enhance intellectual and innovative capabilities in asset-based lending, finance and analytics and expose students to global best practices. Genpact has a tradition of developing programs with academic institutions globally, including China, India and the U.S. to develop talent in line with the changing market environment.
“It is paramount for the industry to work closely with educational institutions to integrate market evolution with business curriculum,” said Mohit Thukral, senior vice president and business leader, Banking, Financial Services and Insurance, Genpact. “This unique partnership will expose students to Genpact’s cutting-edge technological expertise and will cultivate knowledge-based DNA in young leaders in fields that are expected to grow exponentially over the next decade.”
“The business landscape in the financial sector is more complex and unpredictable than ever before. To address demands of this dynamic sector we need to create a platform where industry and academia can jointly work on these concerns. The IIMU Genpact Knowledge Partnership is a timely response to these challenges. This unique partnership aims to create leaders for financial sector, advance knowledge in the field and in the process make a difference to the sector,” said Janat Shah, Director, Indian Institute of Management, Udaipur.