The Indian Institute of Management Trichy (IIMT) has tied up with financial services provider TVS Credit Services Limited to design new solutions for promoting financial inclusion in the country.
The partnership promises to an avenue to leverage collective talent and expertise from both institutions for product development, knowledge creation and research in the areas of management and public policy.
“The MoU will create the foundation for future collaboration between the two institutions. TVS Credit has been successfully empowering people across sectors and helping them fulfil their aspirations. It has been a constant endeavour of TVS Credit to steer industry growth and national development by encouraging product innovation and nurturing young talent. The outcomes from such initiatives will help us drive organisational growth and serve our customers and the nation better for years to come. The collaboration will help boost innovation, R&D, and help in designing new solutions to promote financial inclusion in the country,” said Venkatraman G, chief executive officer, TVS Credit.
The partnership would bring together academic and industry stalwarts and professionals who would jointly design, develop and deliver cutting-edge technological solutions in areas of management and financial inclusion. The strategic collaboration will also be a platform to train and mentor young professionals.
IIM Trichy director Pawan Kumar Singh welcomed the collaboration. “It formalises and strengthens our relationship with the leading market player, TVS Credit, a company which is well-known for its services and values. We look forward to make the collaboration fruitful on multiple platforms and focus on mutual knowledge exchange initiatives. Such partnerships will help construct concrete and innovative solutions, thereby creating a long-lasting impact."
Prashant Gupta, chairperson of executive education and consulting, IIM Trichy, said the partnership would mentor the students at IIM Trichy and offer them immense industry exposure.
Both organisations are creating a seamless ecosystem between industries, academia and government agencies by leveraging analytics and technology. It aims to provide these solutions in consulting, research projects, placements, management development programmes, and case studies.
The first beneficiaries of this initiative will be the TVS Credit employees and the students of IIM Trichy. The pact holds a strong potential to revolutionise the industry at large. In addition, it is expected to help the NBFC sector improve resource efficiency and productivity.