PGPSM 2012

PLACEMENTS 2013
POST GRADUATE PROGRAMME IN SECURITIES MARKETS

A portfolio of talent

NATIONAL INSTITUTE OF SECURITIES MARKETS (NISM)

NISM is a public trust established by the Securities and Exchange Board of India (SEBI), the regulator of securities markets in India. It is an autonomous body governed by a Board of Governors. NISM envisions a catalytic role in promoting securities markets research and education, through: Close interface with policy makers, regulators and industry participants Continuous knowledge creation, acquisition and dissemination Collaboration with the larger educational and market infrastructure to reach constituencies relevant to the securities markets

WELCOME
Dear Recruiter, Welcome to the talent pool of NISM, as a part of the Campus Placement process - 2012-13. The School for Securities Education (SSE) at NISM is entrusted with the task of providing in-classroom education at the Professional or Master's level in the field of securities markets. Our Post Graduate Programme in Securities Markets (PGPSM) is a highly specialized, rigorous and intensive 1-year fulltime programme. Since inception, the design and delivery processes of this programme have maintained a fine balance of concepts and practice. Over the past 3 years, we have perfected the design and delivery mechanisms, as can be seen from the sterling on-the-job performance of our alumni. Two notable aspects that make PGPSM students unique are worthy of recall:

Sunder Ram Korivi

Dean, School for Securities Education (SSE)

Process: Students are selected from an all-India pool through a written test and interview. As educators, the curriculum is under constant review to keep it current and comprehensive. Our faculty members are engaged in research and conferences, and bring in specialized inputs to the classroom. Students learn from a wide range of modes, viz. cases, exercises, role-plays, simulations, databases (Bloomberg, Prowess), seminars and conferences, book reviews, finance-related film reviews etc. Inputs are spread across three terms, covering Concepts, Applications, Advanced Applications and Industry-Integration. Our location at Navi Mumbai provides proximity to the intellectual capital from Mumbai - the financial capital. Product: A PGPSM student is equipped to be a complete securities market professional, suitable for being groomed as key management persons in various organizations in the securities markets. They are positioned to take up a wide range of responsibilities, such as Analysts, Investment Managers, Risk Managers, Operational Managers etc. Organizations that will find our students suitable include Analytics firms, Rating Agencies, Stock-Brokers, Fund Managers, Investment Banks, Banks etc. Students selected by recruiters have an opportunity to familiarize themselves with their work by April or earlier, if required. A project dissertation is to be submitted before June 1 each year. This crucial document serves as a link between academics and practice. We welcome you once again to our campus recruitment process and look forward to a longstanding relationship between our organizations.

BOARD OF GOVERNORS
As on September 7, 2012
Mr. U. K. Sinha Chairman, SEBI (Chairman, Board of Governors) Mr. Rajeev Kumar Agarwal Whole Time Member, SEBI Mr. Prashant Saran Whole Time Member, SEBI Dr. Thomas Mathew Joint Secretary (Capital Markets), Department of Economic Affairs, Ministry of Finance, New Delhi Mr. P K. Nagpal . Executive Director-SEBI and Director-NISM Mr. Uday Kotak Vice Chairman & Managing Director, Kotak Mahindra Bank Ltd. Ms. Chanda Kochhar Managing Director & Chief Executive Officer, ICICI Bank Mr. R. M. Malla Chairman & Managing Director, IDBI Bank Ltd. Dr. Anil Khandelwal Former Chairman of Bank of Baroda Mr. M. S. Sahoo Advocate Mr. G. P Garg . Registrar, NISM Dr. Pritam Singh Director General, International Management Institute (IMI), New Delhi Prof. R. Vaidyanathan Professor of Finance Indian Institute of Management, Bangalore Dr. Sanjay Kallapur Senior - Associate Dean, Faculty and Research, Indian School of Business, Hyderabad Dr. Ajay Shah Professor, National Institute of Public Finance and Policy, New Delhi Mr. P K. Nagpal . Director, NISM (Chairman, Academic Council)

ABOUT NISM
In his budget speech of February 2005, the Honourable Union Finance Minister announced that the Securities and Exchange Board of India (SEBI) would establish an institute to undertake securities markets education and research. In pursuance of this mandate, SEBI established the National Institute of Securities Markets (NISM) in Mumbai as a public trust under the Bombay Public Trust Act, 1950.The mission for NISM is to add to market quality through educational and research initiatives that would support, enable and expedite an entire gamut of high quality knowledge services in the securities industry. A market for securities education and research is gradually emerging in India and abroad partly due to the buoyancy in the securities industry and partly because of the regulatory efforts to create minimum competency levels for securities industry professionals. NISM intends to play a catalytic role in addressing these needs. Given the uniqueness of India and other developing markets, such intervention would follow the twin approaches of accessing and disseminating the relevant existing knowledge and creating new knowledge that is more specific and appropriate for developing markets. With no other institute in the Asian region that seeks to address as wide a canvas, NISM stands uniquely poised to become an institution that would not only serve the securities markets in India but could also assume a pan-Asian purpose.

VISION
To be a hub of knowledge initiatives for playing a strategic role in quality enhancement and capacity building for transforming the securities markets in India and the Asia-Pacific region.

MISSION
To engage in capacity building among stakeholders in the securities markets through financial literacy, professional education, certification, enhancing governance standards and fostering policy research.

INSTITUTE'S PHILOSOPHY
NISM's activities are dedicated towards enhancing the quality of participation in securities markets. This involves the development of knowledge and skill base of all stakeholders. The Institute's philosophy embodies the spirit of commitment to these objectives. The activities at NISM are carried out through its Six Schools. These include; School for Investor Education and Financial Literacy (SIEFL) School for Certification of Intermediaries (SCI) School for Securities Information and Research (SSIR) School for Regulatory Studies and Supervision (SRSS) School for Corporate Governance (SCG) School for Securities Education (SSE)

ABOUT THE SCHOOL FOR SECURITIES EDUCATION (SSE)

NISM articulates and implements its mission of improving market quality through its six schools, each having a specific domain presence within the securities markets. The role of the School for Securities Education (SSE) is to provide education for preparing competent professionals who will serve the securities markets. The last few years have seen a demand for securities professionals who are equipped with a wider repertoire of knowledge and skills. This demand has been spurred by the challenges posed by the growing Indian economy and the expanding securities market. With the Indian economy growing consistently at over 5%, many Indian companies are scaling up their activities in India and abroad. This has necessitated a greater need for corporations to access the securities markets. The overall economic growth has also witnessed many Indian corporations attracting domestic and foreign investments through listings in India and overseas. As the Indian economy grows and as Indian investors seek to participate increasingly in the capital markets, the Indian stock exchanges, mutual funds, merchant bankers, analysts and stock brokers would play an even more vital role in meeting the enhanced expectations of various stakeholders. With its proximity to policy makers and professionals in the securities markets community, SSE is uniquely positioned to provide educational programmes that will create new age securities markets professionals. Considering the capacity building needs of securities industry, NISM, under its School for Securities Education (SSE) offers four longduration programmes as under:

BOUQUET OF PROGRAMMES
1) POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM) PGPSM is a one-year full-time post-graduate programme. This flagship programme was launched in 2010-11 and currently, the third batch is under way. Students of the first two batches are working in the securities industry in various entities including credit rating agencies, banks, brokerages, intermediaries and analytics firms. 2) POST GRADUATE CERTIFICATE IN SECURITIES MARKETS (PGCSM) NISM and ICICI have entered into an arrangement for offering an exclusive programme one-year full-time programme titled Post Graduate Certificate in Securities Markets, at NISM, as a joint initiative to attract bright and experienced talent for taking up a career in banking and financial services with ICICI Bank and its associate companies and to transform them into skilled professionals in these fields. It is a preplaced batch and students, after successfully completing the programme, will be joining ICICI Group at a compensation level of `12.50 lacs. The first batch commenced in July 2011 and students joined ICICI Group in July 2012. Their performance on the job has been rated as excellent. 3) CERTIFICATE IN FINANCIAL ENGINEERING AND RISK MANAGEMENT (CFERM) CFERM is a nine-month week-end programme for working executives for equipping skills and nuances of advanced financial engineering aspects. It is a highly quantitativeoriented programme aimed at grooming risk management professionals. NISM launched this programme in 2009-10, and the fourth batch of CFERM is currently under way. CFERM is offered in two formats - weekend as well as on a residential, modular basis. 4) CERTIFICATE IN SECURITIES LAW (CSL) CSL is a six-month week-end programme for working executives and students of other post-graduate and professional programmes in Finance or Law. It equips participants to understand and apply securities laws and regulations in compliance, investment banking and other functions in the securities markets.

POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)

For students interested in pursuing a career in securities markets, the PGPSM is an extremely unique opportunity to obtain first-hand knowledge, both theoretical and practical, from an institute established by SEBI, the market regulator. The faculty, consisting of academicians and practitioners, has the capability to deliver a high-quality programme to the students looking for knowledge and skill-sets as a solid foundation. Informal estimates indicate that the securities markets would require about 32,000 professionals every year. The required skill-sets could be grouped as follows: (1) Fund Management, Analysis and Dealings (2) Sales, Product Management and Brand Management (3) Operations and Services (4) Information Technology (5) Compliance and (6) Financial Advice and Planning. PGPSM thus seeks to prepare students to become Fund Managers, Analysts, Dealers, Institutional Sales Persons, Product Designers, Operations Managers, Compliance Officers, Risk Management Officers, Investment Bankers, and Investment Advisors in the securities markets.

ABOUT POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)

PGPSM is a one-year full time Post-Graduate Programme aimed at creating next generation securities markets professionals. VALUE ADDITION FROM PGPSM By completing the PGPSM, students would be able to: Abstract the building blocks of the securities markets, understand them conceptually, and develop the capability to design solutions that meet specific requirements Upgrade knowledge and skill sets necessary to perform the key technical activities in the securities markets Develop a well-rounded, complete understanding of securities markets TARGET AUDIENCE The target audience includes: Graduates and post-graduates aspiring for careers in securities markets Executives seeking careers or career switches related to securities markets

PROGRAMME ARCHITECTURE Divided into four terms, the programme is a balanced blend of theory and practice. These four terms lay emphasis on the following: Conceptual Phase Application Phase Advanced Application Phase Industry Interaction Phase Term I Conceptual Phase
Economics Mathematics for Finance Statistics for Finance Financial Accounting & Reporting Financial Institutions & Markets Corporate Finance

Term II Application Phase

Fixed Income Securities Securities Analysis & Valuation Econometrics & Time Series Analysis Portfolio Management Derivatives & Risk Management Mutual Funds

Term III Advanced Application Phase

Global Financial Markets Regulation - Theory & Practice Mergers, Acquisitions & Corporate Restructuring Financial Modelling Corporate Governance Special Topics (incorporating Behavioural Finance) Principles & Practice of Management

Term IV Industry Interaction Phase

Internship Project Dissertation Seminars

In addition to the above, students gain exposure through several workshops on contemporary topics such Simulated Trading, Behavioural Finance etc. During Terms I to III, students are expected to study a total of 19 courses of 1 full credit each. Each credit would mean approximately 30 hours of classroom inputs. In Term IV, commencing from April 16, students are required to undertake an internship project with an organization where they are placed as executives/interns in the securities industry. The Project Dissertation which carries 2 credits, it is to be submitted before May 31, the concluding day of Term IV. Students are free to join their respective organizations on or after April 16 each year.

LEARNING ENVIRONMENT
The PGPSM programme is strengthened by sound delivery by expert faculty, together with multiple pedagogy. The faculty-team is comprised of the following: Sunder Ram Korivi S Rachappa Kiran Kumar Poonam Mehra Akhlaque Ahmad Kavitha Ranganathan Shobana Balasubramaniam Rachana Baid (Adjunct) (Rank Holder) PhD (Osmania) MA, PhD (Mumbai), FCA, AICWA, AIII (Rank Holder), PhD (Osmania) MA, PhD (IISc) MSc (Econ), PhD (IGIDR) (Math), MPhil (Econ), Pursuing PhD (Derivatives) Pursuing PhD (Behavioral Finance) Fixed Income Securities, Financial Markets, Financial Reporting Financial Reporting, Financial Analysis, Forensic Accounting, Life Insurance Statistics, Econometrics & Time Series, Financial Engineering Economics, Regulation, Corporate Finance Quantitative Finance, Financial Engineering, Financial Modelling Behaviourial Finance Economics Financial Markets, Portfolio Theory

NISM also draws upon the cream of academia, industry and SEBI for providing cutting-edge inputs in the securities markets domain. The learning environment is further stimulated by use of technology such as Databases (Bloomberg, Prowess), Application Software (Matlab, SAS, R) and Simulated Trading with streaming data. Students are provided with internationally benchmarked textbooks. Additionally, the library is exclusively dedicated towards finance, securities markets and related areas with an up-to-date collection of books and scientific journals.

VISITING FACULTY

M. Venkateshwarlu Shripad Wagle Surendra Sundararajan B. Venkatesh Sameer Chinchanikar Poonam Tandon B. Ranganathan

MCom, PhD MA (Econ), Pursuing PhD (Regulation) MA (Econ), LLB, MBA (Finance), PhD CA, ICWA, CFA (USA), FRM (GARP) MBA (IIM Lucknow) MBA (XLRI), PhD FCS, FICWA

Full time faculty Member at NITIE Dept of Economics and Statistics, Tata Services Ltd Full time faculty at M S University of Baroda Founder Director of Navera Consulting Chief Representative of KBC Bank (Belgian Bank) Board Member of KBC Union AMC Senior Fund Manager, IndiaFirst Life Insurance Senior Vice President, Compliance and Legal at Edelweiss

Corporate Finance, Valuation Statistics Derivatives and Risk Management Mutual Funds, Behaviourial Finance Functional Aspect of Banking Fixed Income Securities Corporate Laws, Securities Markets Regulation, Mergers & Acquisitions

GUEST LECTURES UNDER THE LEADERSHIP SERIES

NISM Bhavan's location on the outskirts of Mumbai enables access to some of the finest professionals in Mumbai, from various segments of the financial markets. In order to provide our students with the best blend of theory and practice, and to build industry-academia partnerships, it is proposed to invite some of the senior-most executives and finest professionals to deliver guest lectures under the title Leadership Series. During the Term (Term II), NISM has obtained confirmations from speakers who have agreed to deliver lectures on their subject of expertise from end-November onwards. Some of the speakers NISM include: Mr. Sudipto Roy, CEO, Principal Retirement Solutions Mr. Arup Mukherjee, Vice President, National Stock Exchange Mr. Shobhit Gupta, Head-Fixed Income, ING Mr. Rajan Ghotghalkar, Country-Head, Principal Retirement Solutions Mr. Pankaj Kapoor, Director, Liases Foras Mr. Gopi Suvanam, Director - Finstream Mr. V Shanmugham, Chief Economist, MCX-SX Mr. Vikas Khemani, President, Edelweiss Mr. Alex Varghese, Head-Derivatives, CLSA Mr. Aditya Agarwal, MD & CEO, Morningstar India Mr. Sundaresan Nagnath, CEO, DSP Blackrock Mr. Sridhar Srinivasan, Director, Deutsche Bank Mr. Atul Joshi, CEO, India Ratings It is hoped that valuable insights will be gained by the students through the Leadership Series, for blending in with the conceptual inputs.

STUDENT PERFORMANCE AND EVALUATION CRITERIA

PGPSM is a rigorous programme pegged at the level of post graduation, leading to the award of PGPSM. The programme is specially designed to raise the professional standards of students. The PGPSM will be awarded on the basis of the student's performance in the following components: Pre-class reading and preparation Class participation Quizzes Term papers/projects/assignments Mid-term and end-term examinations Any other component of evaluation that the Institute may prescribe from time to time A student is expected to obtain the minimum passing grade of 50% in each of the courses listed above.

Batch Profile 2012-2013

BATCH AT A GLANCE

WORK EXPERIENCE Freshers Experienced (0-12 Months) Experienced (13-24 Months) Experienced (25-36 Months) Experienced (More than 36 Months)

SECTOR WISE COMPOSITION BFSI IT/ITES Manufacturing and Construction Others

EDUCATION BACKGROUND Graduates (Commerce & Science) Engineers Post Graduate (Business) Post Graduate (Banking, Finance)

PGSPM: 2012-13 - BATCH PROFILE

ABHINAV GANESHAN B.E. (Instrumentation) TATA Consulting Engineers (15 months) Webtutour (12 months)

ANUJ GOYAL MBA (Finance) B.Tech (Electronics & Communication) Steel Hub India Ltd (36 months)

ABHISHEK SAHU B.Tech. (Chemical Engineering) Capgemini India Pvt. Ltd. (10 months)

AVINASH NADAKUDITY B.Tech (Civil Engineering) L&T Construction (10 months)

ADITYA IYER B.Com (Accounting and Finance)

BHUMIKA GAUR B.Sc. (Biotechnology) Goldman Sachs Services India Pvt. Ltd. (48 months)

ANKUR CHAUDHARI B.E (Information Technology Engineering) Accenture Services Pvt. Ltd. (15 months) Mphasis - An HP Company (8 months)

JAY SHAH B.E (Information Technology) Infosys Ltd. (22 months)

PGSPM: 2012-13 - BATCH PROFILE

KAUSHAL PATEL PGDB (Banking) B.Com. (Advanced Accounting) ICICI Bank Ltd (43 months) ICICI Prudential Life Insurance (7 months)

SIDDHARTH B.Tech. (Computer Science and Engineering) Infosys Ltd (10 months)

MAHESH NAIR B.Tech (Mechanical Engineering) Angel Broking Ltd. (6 months) M-inent (12 months)

NANDITA RAMAKRISHNA M.S. Finance (Investment Banking) B.Sc (Statistics Hons.) Mercados Energy Markets India Private Ltd. (19 months) Capital IQ (12 months)

MANOJ UPRETI MCM (Computer Science) B.Com. (Accounting) Annik Technology Services pvt Ltd (23 months) WNS Global Services pvt Ltd (40 months)

PARVEZ MEHTA B. Com. (Business Administration)

MONA AGARWAL MBA (Marketing) BBA HSBC Bank (63 months) Citibank (6 months)

PRASAD NARVEKAR B.Sc (Mathematics) ICICI Securities Ltd. (43 months) Bar Code India (53 months)

PGSPM: 2012-13 - BATCH PROFILE

RAHUL KOLI B.E. (Mechanical Engineering) Larsen and Toubro Ltd. (48 months)

SHAM CHANDAK B.E. (Electronics & Telecommunication Engineering) Proficient Commodities Pvt. Ltd. (18 months) Infosys Technologies Ltd. (7 months)

RAJANI A M.Com. (Corporate Accounting & Financial Management) B.Com. (Cost & Works Accounting)

SHASHANK GUPTA B.Com. (Hons.) Financial Management PricewaterhouseCoopers Pvt. Ltd. (24 months)

RAJAVAGEESHWARAN R B.E. (Computer Science and Engineering) Karur Vysya Bank (23 months)

SHYAM NAYMA PGDM (MBA) Marketing B.Sc. (Computer Science) ICICI Lombard GIC Ltd. (27 months)

RITU AGRAWAL PGDIB (International Business) B.A. (Economics) State Bank of India (42 months)

SWATI KHERA B.Com. (Hons.) Financial Management

PGSPM: 2012-13 - BATCH PROFILE

YUKTI JAIN B.Com. (Hons.) Financial Management

PLACEMENTS
Our alumni have given a sterling performance in the following organisations: AK Capital Asit C Mehta Intermediaries Bank of America-Merill Lynch Capgemini CARE Credit Suisse E-Clerx ICICI Bank ICRA Management Consulting IRIS Business Solutions JMN Investment Research Nomura Port Tariff Authority SWIFT Syntel TCS

PLACEMENT PROCESS
Placement Schedule:
Invitation to recruiters for Pre-placement talks Scheduling of Pre-placement interactions Short-listing of CVs Campus selection process and interviews Offer letters Acceptances November 15, 2012 November 21, 2012 onwards December 1, 2012 onwards January 9, 2013 onwards 15 days from date of final interview 15 days from date of offer

Above placement schedule is indicative only and it can be tailored to suit the requirement of the companies. Companies are welcome to visit our campus and interact with students for pre-placements throughout the year. Placement activities and processes are conducted in collaboration between a Student's Placement Committee and a Council of Faculty Members

Please contact or write to: Mr. Rajshekhar Torgal, Deputy Manager, Programme Office, NISM Phone: 022 66735125 (Direct) and 022 66735100-105 (Board) Email : placement@nism.ac.in Student Representatives: Kaushal Patel: +91 8976246426 | Bhumika Gaur: +91 8286272358

CONFERENCES ORGANISED BY NISM

MORNINGSTAR INVESTMENT CONFERENCE 2012
Taking Stock of Global Economy In US, Housing expansion and policy dependency along with deleveraging of housing loan will hold key to global economy. In Europe, there is concern of Sovereign crises. Also, In Europe one mans debt is another mans asset and all currencies tied together. Debt is rising at alarming level in OECD nations. Emerging markets like India and China will contribute 2/3 of future growth. China has a problem of credit bubbles as after 2008-09, productivity in China is driven by debt. India has a Current Account and Fiscal Deficit problem. Also, for India, oil prices remain a huge concern. India needs long-term FDI and investment in the manufacturing sector. Panel: Global Investing Looking Beyond India There is a need to invest globally, as it will help in diversification. The route for that can be international fund offerings through feeder funds. Also, investing can be through ETF in global markets. Panel: Active or Passive? The debate in Indian context There is always some Alpha in India, so a primary strategy of passive investing won't work. Cost is a great concern for an active fund. If passive funds grow rapidly, then new indices will be introduced to cover broader markets. Panel: Stock Markets 2013-Outlook and Factors to Watch For For investing, apply a Bottom-Up approach to relatively small sectors and Top-Down approach to relatively grown sectors. Look out for companies with sustainable businesses. Balance Sheet analysis is very important for second line of a company's valuation. A Ringside View of Indian Fund Industry The fund industry needs to change its culture from sales driven to stewardship driven. There is a need to lower their overhead cost, so that funds can give better performance. Passive investing is good. The industry must move from a commissionbased model to fee-based business. Panel: Stock Market-Where to Invest Information is coming very fast which is deluging investment. A return of 18% CAGR can be expected from Indian Stock Markets in the long run. For the India growth story to be intact, fall in commodity prices is necessary.

INDIA SECURITIZATION SUMMIT 2012

Inaugural Session Shri U K Sinha, Chairman-SEBI, delivered the inaugural address. In US, issuances have declined to one-sixth of the levels seen in the pre-crisis period, whereas in Europe, issuances have come down by 30%, as compared to the pre-crises period. On the subject of taxation of issuer SPVs, he mentioned that removal of the uncertainty of taxation is needed required to facilitate an environment for securitization. Panel I: Taxation of Issuer SPVs If the SPV entity is a trust, by definition, it exists to serve the investors. Hence, the SPV by itself is not a taxable entity, as the cash flows are taxable in the hands of the investor. Keeping this point in mind, taxation of the SPV would be tantamount to double-taxation. Globally, SPVs are not taxed, but the beneficiaries are taxed, especially in Pass-through structures. Panel II: Guidelines on Securitization There is an in-built moral hazard problem in the originate-to-distribute model. This has led to guidelines on Minimum Holding Period (MHP), Minimum Retention Ratio (MRR) issued by RBI. RBI expects banks to monitor loan portfolios. Most of the transactions in India are Asset Backed Securitizations (ABS), structured as simple Pass-through-Certificates (PTCs). In securitization, the moral hazard of originate to distribute coincides with the difficulty in monitoring, pools of (say) 1000 borrowers. Panel III: Market Making Securitized instruments could also be traded on the exchange platform by bringing more transactions into the public domain. There is also the need to attract retail investors towards debt instruments, and securitized paper could be one such option, going by the popularity of debt IPOs in recent times. Retail investors could be attracted by the inflation-adjusted returns that securitized debt instruments may offer.

TESTIMONIALS OF RECRUITERS
Very impressed with the calibre of candidates; we are quite keen to continue the relationship - Nosheen Khan, VP Marketing - Markit, London Ms. Pallavi Jain of 1st Batch of PGPSM joined us. She is fast learner, intelligent and picking up her job well. - Rajesh Pawar, Director, I-peritus

PGPSM 2012
PLACEMENTS 2013
POST GRADUATE PROGRAMME IN SECURITIES MARKETS

NATIONAL INSTITUTE OF SECURITIES MARKETS

Plot No. 82, NISM Bhavan, Sector-17 Vashi, Navi Mumbai - 400 703 Phone: Mr Rajshekhar Torgal,+91-22-66735125 Board: +91-22-66735100-05 Fax: +91-22-66755710 www.nism.ac.in