Bajaj Finance, India's leading non-banking financial services company, had recently launched a gamified campus competition 'EON' to engage bright young minds and encourage them to build a career in BFSI. The focus of EON was to give an opportunity to the students to understand the workings of an NBFC. Through this competition, Bajaj Finance encouraged students to come up with the most profitable ways of running the operations of an NBFC.
EON was played in teams of three students each. In this competition, participants had to build their own NBFC with two sales and one credit officer. The teams needed to grow their business by lending to the right customers at the right interest and stay profitable. The game was played over four quarters (modelling of a financial year) and across three different product categories. The teams had to take the right decisions of selecting & approving the right customers and earn individual incentives. The team with the most profitable NBFC at the end of the fourth quarter wins. As rewards, the winners received exciting cash prizes.
Speaking about the gamified competition, Mr. Anupam Sirbhaiya, Chief - Human Resources, Bajaj Finance said, "EON gives students a chance to peek into the world of NBFC and get acquainted with the sector. It is an opportunity for them to explore a fast-growing sector to build a career."
The competition was launched across 22 management institutes in India. With a footfall of 3125 students 586 teams across the 22 campuses, EON, offered a chance to learn about the finance sector and imagine a new reality.
1st Prize - (IMS DAVV, Indore) - Team - Sales Sultan / Team Members: Aashish Dhakad, Shubham Borana, Akshit Bansal
2nd Prize (IMS DAVV, Indore) - Team - Kisht / Team Members: Sukanya Rishishwar, Mayank Batav, Bhumika Agarwal
3rd Prize (Welingkar Institute, Mumbai) - Team - UPS Financial Services / Team Members: Udit Gupta, Prerna Sharma, Sanket Chordiya
Best Credit Officer (University Business School, Chandigarh) - Shubham Sahay
Best Sales Officer 1 (IMS DAVV, Indore) - Khushboo Panday
Best Sales Officer 2 (Department of Management Sciences (PUMBA)) - Pradeep Singh
Shares of Bajaj Finance Limited was last trading in BSE at Rs.2565 as compared to the previous close of Rs. 2545.95. The total number of shares traded during the day was 51419 in over 2726 trades.
The stock hit an intraday high of Rs. 2605.05 and intraday low of 2550. The net turnover during the day was Rs. 132803772.