IIMB’s PGP2 team wins one of the top three spots in national round of CFA Global Research Challenge 2016-17

IIMB’s PGP2 team wins one of the top three spots in national round of CFA Global Research Challenge 2016-17

Thursday, February 9, 2017

The five-member team comprising Sahil Makkar, Rishab Khandelwal, Bhavesh Birla, Vaibhav Gupta and Akshay Kumar qualifies for the Asia-Pacific level of the competition, to be held in Bangkok on 14th& 15th March

08 February, 2017: A five-member team from IIM Bangalore, comprising Sahil Makkar, Rishab Khandelwal, Bhavesh Birla, Vaibhav Gupta and Akshay Kumar has emerged as one of the top three teams in the national round of the CFA Global Research Challenge 2016-17, held at the Bloomberg office in Mumbai on 4th February, 2017. All the students from IIMB’s winning team are currently in their second year of the two-year, full-time, residential Post Graduate Programme in Management (PGP).


(L-R) Bhavesh Birla, Rishabh Khandelwal, Sahil Makkar, with their mentor Prof. P C Narayan and Director Incharge Prof. R Srinivasan, Vaibhav Gupta and Akshay Kumar. 

CFA Research Global Competition tests the equity research and valuation, investment report writing, and presentation skills of university students. By winning the national round, the IIMB team, along with the teams from NMIMS Mumbai and Indian Institute of Foreign Trade New Delhi, has qualified for the Asia-Pacific level of the competition, which will be held in Bangkok, Thailand on 14th and 15th March, 2017. These teams had to battle it out with five other zonal finalists to feature among the top three.

With an elite panel of judges consisting of Bhavesh Shah (MD, JM Financial), Vikas Khemani (President and Head of Wholesale Capital Markets, Edelweiss), Varun Gupta (MD, Duff & Phelps) and Mahesh Patil (CO-CIO, Birla Sun Life), the competition was one of the most fiercely competed B-school challenges ever.

Before qualifying for the national round, the IIM Bangalore team won the regional round held for the south zone in Chennai. Two teams from south zone including IIM Bangalore and ISB Hyderabad had qualified for the national level. During the initial stages, the competition involved submission of an extensive equity research report on Thyrocare Technologies. Overall 52 B-schools had participated in India.

Congratulating the winning team from IIMB, faculty mentor Prof PC Narayan from the Finance & Accounting area of IIMB, who guided the team through the different stages of the competition, said: “The success of the IIMB team can be attributed to the intense preparation and dedication of the members. Moreover, there was immense support from the CFA Institute India, which provided mentorship of experienced industry professionals in equity research. This is the second time that the IIMB team has won the national finals, the last time was in 2013-14. IIM Bangalore wishes all the three teams the very best for the upcoming Asia finals.”