Mumbai, 11 April 2016 -
A team of four from Shaheed Sukhdev College of Business Studies (SSCBS)has won the India Business Case Competition held by Enactus in partnership with HSBC. It will now represent India at the HSBC Asia Pacific Business Case Competition to be held in Hong Kong from 1-3 June 2016, and organised by the Asia Case Research Centre of The University of Hong Kong
. In 2015, 24 universities from 19 Asia-Pacific countries participated in the event.
Enactus is a global university students' network with a focus on community
empowerment and entrepreneurial action.
Farhan Pettiwala, President, Enactus India, said: "Enactus India works with leaders in business and higher education to mobilise university students to make a difference in their
communities while developing their skills to become socially responsible business leaders."
Added Aloka Majumdar, Head of Corporate Sustainability, HSBC India, "The Business Case Competition is a unique educational platform
that provides an opportunity to undergraduate students to develop life skills such as critical thinking, effective communication, teamwork and leadership. We're happy to partner with a renowned student body like Enactus with a
long-standing commitment to developing entrepreneurial action in students. We wish the winning Indian team the very best for the finals in Hong Kong."
Enactus received applications from 60 colleges across India, of which 8
were shortlisted for the semi-final round. These were Jai Hind College & H.R. College from Mumbai, IIT Delhi, Shri Ram College of Commerce (SRCC), Delhi Technological University, Shaheed Sukhdev College of Business Studies
(SSCBS), Ramjas Collegefrom Delhi and IIM Indore. The final round had 4 teams of business students - Shri Ram College of Commerce (SRCC), Shaheed Sukhdev College of Business Studies (SSCBS), Ramjas College from Delhi and IIM Indore
- analysing real business cases and presenting solutions to an eminent jury panel, with Shaheed Sukhdev College emerging as the final winner.
Enactus, formerly known as Students in Free
Enterprise (SIFE), is an international non-profit organization that brings together student, academic and business leaders who are committed to improving the world through entrepreneurial action. Guided by business experts and
academic advisors at more than 1,700 universities in 36 countries, the 70,500 student leaders of Enactus create and implement community outreach projects each year to empower people to improve their livelihoods, impacting more than
1,950,000 people. As one of the largest Enactus country operations, Enactus India is a priority country for the future growth of the organization. Enactus India works with leaders in business and higher education to mobilize
university students to make a difference in their communities while developing their skills to become socially-responsible business leaders.
About HSBC India
The Hongkong and Shanghai Banking Corporation
Limited in India offers a full range of banking and financial services through its 50 branches and 140 ATMs across 29 cities.
HSBC is one of India's leading financial services groups, with over 33,000 employees in its
banking, investment banking and capital markets, asset management, insurance, software development and global resourcing operations in the country. It is a leading custodian in India, and a leading international bank for
individuals and companies with global aspirations, facilitating their needs with presence in 71 countries. The Bank is at the forefront in arranging deals for Indian companies investing overseas and foreign investments into the
country. With its extensive reach across Asia, the Americas and Europe, HSBC has the capacity to offer complete banking and financial solutions to India's burgeoning economy. It has also formed a joint venture life insurance
company with Canara Bank and Oriental Bank of Commerce.
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,000 offices in 71 countries and
territories in Asia, Europe, North and Latin America, and the Middle East and North Africa. With assets of US$2,410bn at 31 December 2015, HSBC is one of the world's largest banking and financial services organisations.