IIM Bangalore students win global case challenge contest at Singapore

MUMBAI: IIM Bangalore PGP 2015-17 students Shikhar Rajendra Sethi, Shifa Garg, Madhav S Marda and Pulkit Aggarwal have won thprestigious Asia Private Equity Investment Leveraged Buyout Case Challenge event at Singapore. Organized by Singapore Management University ( SMU), along with the New York School of Finance (NYSF), the event had 30 teams from the world's best schools, including Columbia and London Business School, vying for top honors.

The event involved three stages. In the first stage, participants were required to prepare a financial valuation, an investment thesis and a presentation showcasing a financial strategy for a globally known firm. IIMB cleared the first round, along with nine other teams. The second stage involved presenting their idea via Skype to the director of NYSF, Romero, at New York.

Five teams qualified for Stage 3, at Singapore, where IIMB team members presented their analysis to a panel of judges that included Temasek Holdings and World Bank executives, amongst others. Competitors included teams from SMU (2), Paris Dauphine University, and Columbia Business School.

The IIMB team won a gold medal, S$5000 and level 1 CAIA scholarship, and a trophy. “They have done us all proud,” said IIMB director Sushil Vachani in a statement.