The Power of 5

We call today the era of entrepreneurs. That belief has led to the launch of the 5^th batch of MPOWER: the Management Development Program for the nextgen Youth Transport Entrepreneurs. On 1^st of November, 2014, the Indian Institute of Management, Ahmedabad, saw another set of participants of MPOWER, this time readying themselves for a more compact & effective 7 day program.

It’s just the course duration that has changed. The guiding philosophy of the program remains empowering the next generation of India’s transporters/ fleet owners to “Take forward their family business with their OWN vision”, as propounded by Mr. Anand Mahindra in January 2013. That thought was echoed on the very same day by Mr. Nalin Mehta, who stressed on MTB wanting to “walk the talk”. He was pointing at MTB’s marketing campaign, which was an year old then, urging the nextgen of transporters to join their ‘Papa ka Business’.

The program has grown from strength to strength, converting itself into an important cog in our effort to drive positive change in Indian Transport. This change is being driven top down with these initiatives and the numbers speak for themselves. With this batch we have involved 141 nextgen transporters who own over 37,000 trucks amongst themselves, with a combined turnover of Rs. 14,000 Crores employing over 37,000 people.

For the fifth MPOWER, 31 young transport entrepreneurs, the scions of the finest transport companies of India, selected by invitation, checked-in for the 7 day course. The course has been specifically designed keeping the transport sectors growth & issues in focus. Seven highly accomplished faculty members of IIMA will run the course that covers subjects like, PROFESSIONALISM, BUSINESS PLANNING, MARKET& SEGMENTS, HR PRACTICES, SERVICE QUALITY, FINANCIAL MANAGEMENT& ACCOUNTING, SUPPLY CHAIN MANAGEMENT, LEGAL AND REGULATORY, INFORMATION TECHNOLOGY, INDUSTRY FOCUSSED SESSIONS.

What has led us to continue the program? The successful engagement with the next-gen entrepreneurs has motivated us to reinvest in driving a positive change in the transport ecosystem while nurturing our business ties. The program today is in the league of other initiatives like the Mahindra Transport Excellence Awards and Outperformers’ League. All these initiatives will help us connect with various constituents of the Indian transport business at both the rational and emotional levels, which can be leveraged to build a strong transport ecosystem.