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IndSearch Innovation, incubation Enterprise Center - NEST

NEST organized a guest lecture by Bhargavi Joshirao (Managing Director - Mobikern Automotive engineering Pvt. Ltd, Pune) on April 4, 2017 at its Bavdhan campus, which was attended by around 40 aspiring entrepreneurial MBA students and the faculty of IndSearch.

Mobikern is a joint venture between Joshirao engineering, BSpline Technologies and a German designing company Imperia automotive engineering.

Bhargavi spoke with IndSearch students and faculty about "Setting up your own company". She shared her experiences during the formation of Mobikern. She mentioned that the legal steps to form a company are quite straight forward and in the recent times, most of those are online. It is important that an Entrepreneur understands that, he or she is responsible for entire enterprise operations during its formative period. A Chartered Accountant and a Company Secretary can help to follow these legal procedures required to set up a company, which are -
Getting DIN, DSC
Drafting MOA, AOA
Filing of incorporation forms and documents
Getting certificate of incorporation and further mandatory steps (PAN, TAN, bank account etc).

She elaborated more on some vital points other than company formation process, which an Entrepreneur must consider -
Deciding nature of the company
Name of the company and approval
Due diligence
Exit clause
Non-compete clause
Exclusivity clause
Having a good business plan Company vision - Long term & short term steps towards achieving it

Bhargavi said that, there are many legal, social and market forced conditions which keep on challenging an Entrepreneur, but he / she should believe in what he/she is doing and have 'Never Ever Give Up' attitude, which is key for a successful enterprise. She also answered few questions asked by the students. Overall, the students found the lecture very useful and relevant.