Financial services provider TVS Credit Services Limited and the Indian Institute of Management Trichy (IIMT) signed a Memorandum of Understanding (MoU) to boost innovation, R&D, and collaboration for designing new solutions for promoting financial inclusion in the country.
TVS Credit's partnership with IIMT will create an avenue to leverage the collective talent and expertise from both institutions for product development, knowledge creation and research in the areas of management and public policy, it said in a statement.
Venkatraman G, Chief Executive Officer, TVS Credit, said, "The signing of the MoU with IIM Trichy will create the foundation for future collaboration between the two institutions. The collaboration will help boost innovation, R&D, and help in designing new solutions to promote financial inclusion in the country."
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.
Dr. Pawan Kumar Singh, Director, IIM Trichy, said, "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."
Dr. Prashant Gupta, Chairperson of Executive Education and Consulting, IIM Trichy, said, "We are pleased to be associated with TVS Credit. This partnership could lead to a mutually benefitting journey in the coming time with a special focus on programmes such as Management Development Programme (MDP) and Leadership Development Program (LDP).Furthermore, it will mentor the students at IIM Trichy and offer them immense industry exposure."
Under this collaboration, 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 IIMT. 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, the statement added.