PINAKI MAJUMDAR
Jamshedpur, Feb 27: XLRI today successfully completed the CXO session. The event began with an inaugural address by Avinash Ragi of XLRI Jamshedpur, who welcomed the guest speaker, BVR Mohan Reddy. Prof. Kanagaraj Ayyalusamy by offering a bouquet.
Notably, the session’s guest was BVR Mohan Reddy, founder chairman and board Mmember-Cyient.
Reddy started with a presentation about his journey and his company. He begins by sharing the overview of the company and the vision, mission, and values of the company.
He then continued by sharing his journey and how he started Cyient and also spoke about the succession planning of Cyient. He also spoke about the entrepreneurial mindset – its importance and how we should develop it. He also discussed the PPT paradigm he uses, which stands for People, Process, Technology, Tools, and Training.
He also discussed the positive cycle of innovation, which is comprised of two parts: services and solutions.
Although solutions include process innovation, open innovation, and patents, services include business model innovation, corporate innovation, and digital transformation.
Then he discussed how Cyient began making early acquisitions and from then, from 1999 to 2005, it developed globally. He also discussed the company’s transformation through the use of new markets and design-led production. Customer Nudge, Engineering Services, First Attempt, New Exploration, and Inorganic Route are the 5 steps of design-led manufacturing.
The session proceeded with a fireside chat moderated by Divya Parimala Enamandra who queried Reddy about his early days while starting Cyient and what role will Cyient play in the future of technology. Following that, a few audience questions were answered to continue the discussion.
The session ended with a vote of thanks and a presentation of mementoes.
