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National Institute of Industrial Engineering (NITIE) wins the Seventh Annual CFA Institute Research Challenge India West Zone Final

posted Nov 12, 2013, 3:16 AM by Research Challenge India   [ updated Nov 12, 2013, 3:18 AM ]

Mumbai, November 11, 2013  National Institute of Industrial Engineering (NITIE), Mumbai has emerged as the winner of the CFA Institute Research Challenge India West Zone Final ( The team from NITIE triumphed over the teams from Jamnalal Bajaj Institute of Management Studies, Narsee Monjee Institute of Management Studies , S.P. Jain Institute of Management & Research, K.J.Somaiya Institute of Management Studies & Research and Shailesh J. Mehta School of Management, IIT Bombay.

Indian Association of Investment Professionals (IAIP) organizes the research challenge across five zones with 43 business schools participating. The winners of these zones will compete at the National level from where the winner will represent India in the Asia Pacific regional challenge. “The teams have put in a lot of hard work and exhibited sound financial analysis and research capabilities in conducting research on the subject company - Zee Entertainment Enterprises Ltd. It is satisfying to see students receive mentoring from industry expert Mr. Nilanjan Das and professional research analysts as they analyze a publicly traded company. They have put in dozens of hours to write a professional research report, and present their recommendations to a high-profile panel of experts.” said Kishor Bagri, CFA, Director, IAIP.

The eminent panel of judges were Jayesh Gandhi, CFA, Executive Director, Morgan Stanley Investment Management; Neelkanth Mishra, India Equity Strategist, Credit Suisse, and Amit Khurana, Director – Research, Dolat Capital. The competition is supported by National Stock Exchange (NSE) (, Bloomberg ( and FitchLearning   ( as sponsors and long-term corporate partners. 

CFA Institute Research Challenge is an annual, global educational initiative promoting the best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. Introduced in 2006, CFA Institute Research Challenge is considered as "the investment Olympics" for university students, with more than 10,000 students having participated. This year, more than 3,500 students from 775 universities worldwide will participate in the local rounds of the competition.

About CFA Institute 

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behaviour in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 117,000 members in 137 countries and territories, including 108,000 CFA charter holders, and 138 member societies.


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About Indian Association of Investment Professionals (IAIP)

Indian Association of Investment Professionals (IAIP) is an association of local investment professionals consisting of portfolio managers, security analysts, investment advisors, and other finance professionals. As one of 138 CFA Institute member societies, IAIP connects members to a global network of investment professionals. IAIP promotes ethical and professional standards within the investment industry, facilitates the exchange of information and opinions among people within the local investment community and works to further the public’s understanding of the CFA designation and investment industry. IAIP is headquartered in Mumbai and was established in April 2005. For more information, visit IAIP website (

About CFA Institute Research Challenge

The CFA Institute Research Challenge is a global competition which tests the analytic, valuation, report writing, and presentation skills of university students. Students have the unique opportunity to develop and present an equity research report and be mentored and judged by leading industry experts. Local CFA Institute member societies host and launch local competitions involving teams of three to five business and finance students from participating universities who work directly with a local company in researching and preparing a company analysis. The local winning teams will advance to the respective regional finals held in Asia Pacific; Europe, Middle East & Africa; Americas; and New York regions. The regional winners will then advance to the global final in the hopes of being crowned the global champion.

To learn more about the CFA Institute Research Challenge in India, follow us on the website; Twitter@iaipchallenge; Facebook/iaipirc

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