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Deepak Goel

It is home-calling for a group of IIM alumni who had drifted to foreign shores in search of better career opportunities.

In an initiative that they would like to term their corporate social responsibility, they are setting up institutes that will provide training to graduates in order to improve their career prospects. The initiative is called Elements Akademia.

Their vision is to make graduates back home more employable. Towards this end, these IIM alumni are setting up an academy to map the specific requirements of the industry and impart the same through 15 centres in as many non-metro Indian cities.

“The experience of Genpact, the corporate partner of Elements Akademia, is that only three per cent of the interviewed candidates get hired in the BPOs. We want to map the needs of the industry and train the graduates accordingly so that 90 per cent of our trained graduates get hired,” said Nishant Saxena, one of the IIM alumni and CEO of Elements Akademia.

The six-month training programme would be available for a fee of Rs 10,000-15,000, which would be refunded when the students are hired by Genpact.

The K. J. Somaiya Institute of Management Studies and Research is the academic partner for this initiative and its name would be included in the certificate. The academy is also arranging bank loan facilities to meet the course expenses besides offering scholarships to deserving students. Besides, the academy is also in the process of establishing tie-ups with a retail and an insurance player for placements.

The course would include communication classes, managerial effectiveness and domain specific training such as insurance, accounting and inventory management.

On the board of Elements Akademia are Prof Pritam Singh, Former Director of IIM-Lucknow, and Prof Narasimhan, Director-General of K.J. Somaiya, apart from other IIM Professors.

The first centre would be launched in Lucknow on October 1, while an additional 14 centres would be launched in other non-metro cities later.

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