DEPARTMENT OF COMMERCE
The Department of Commerce is built on the energy and drive of its people which constitute the management, faculty members, and the student community. This year’s Annual Report is all about capturing the dynamic quality that permeates every classroom, lab, and building on campus. It gives me immense pleasure to chronologically mention the various events related to academic and non-academic concerns.
To become an Institution – where students are nurtured through continuous learning and skill development, mentored by committed faculty, that is conscious of its role in the community and supporting eco-friendly causes and perform daily operations through the use of natural products and recyclable items.
To be the best Commerce Department institute for training and educating aspiring learners of outstanding abilities who can become future leaders for the management industry by working closely and proactively with the industry.
To develop into a center of excellence for commerce and management education, by imparting skills and providing opportunities to students to realize their full potential and thus shaping them into future leaders and entrepreneurs
To impart value-based holistic education using technology, infra-structure and integrating traditional as well as innovative practices in the teaching-learning process.
To create a platform for students to explore their potential by making self critical analyses.
To equip students with the skills required to fit better to the changing global scenario and gain access to multiple career opportunities in trade and business.
As far as the departmental objectives are concerned, the core objectives emphasize two categories: students, faculty.
Students’ centered objectives are:
- To provide affordable quality education in commerce and management.
- Equip students with knowledge and skills in their chosen specialization.
- Inculcate values, identify unexposed talents.
- Provide opportunities to realize their full potential to be employed.
- Shape them into future leaders, entrepreneurs and above all good human beings.
In the same manner, for faculty the objective focus on the development of a competent and qualified team leading to research.
The Department of Commerce was started in the year 2002 under the visionary leadership of Rev. Fr. Sebastian Kalapurackal (Founder Director, Naipunnya Group of Institutions). It began its functioning on 3rd June 2002 affiliated to the University of Calicut with B. Com (Computer Application), with a strength of 40 students. College began the B.Com program under the able guidance of Prof. Liju John with an initial four-member team: Ms. Teresa Parackal, Mr. Joby Jacob and Ms. Betsy George. In 2005, Post-Graduate course in Commerce (M Com) started with sanctioned strength of 20 students. The Department offers both the undergraduate and post graduate programmes. The Undergraduate programmes are Bachelor of Commerce (B Com) with specialization trifurcated as Finance, Computer Application, and Co-operation; Bachelor of Business Administration (BBA) in Marketing, and Post-Graduation programme as Master of Commerce (M Com) in Finance.
- 2002 – B com with Computer Application
- 2005 – B.com with Finance, M.com with International Finance
- 2011 – B.B.A with Marketing
- 2013 – B com with Co-operation
The Department was headed by Dr. E.S. Jalendran from 2008 to 2017. He served various government colleges for 30 years before joining NIMIT. In June 2017, the Department was guided by Dr. P.L.George. Dr. Mathew Jose K , the present HOD has 33 years experience as UG and PG Faculty and 7 years stint as a Research Guide.
The Department of Commerce has the following new courses:
BBA ( 2011) – The area of specialization is Marketing; sanctioned strength – 30.
B Com (Computer Application) (2013) – Sterngth-40, later increased to 60.
B Com (Co-operation) – Strength-40, later increased to 50.
B Com (Finance)(2018) – Strength- 40
The biggest department with the largest number of students,The Department of Commerce is growing. From the year 2020 the pattern was restructured with different coordinators for each stream:
- Commerce( Fin) – Ms. Bindu G
- Commerce (CA) – Ms. Anitha Mary Alex1
- Commerce (Coop) – Dr.Antony George
- BBA – Ms. Kavitha Vincent
- M.Com – Dr. E.S Jalendran
The Department has a team of Faculty which engage classes across streams.
The department has always looked into the betterment of the students and has consistently engaged the student community with a lot of opportunities wherein the students could be transformed into better human beings for the future ahead.
Educational initiatives taken up by the Department to ensure student-centric teaching-learning methodology include the following programmes:
CAPABILITY ENHANCEMENT PROGRAMMES
Bridge Course Programme – A Bridge Course on Basics of Accounting were provided by department to the Non-Commerce students of the 2019 Admission during the first semester.
Add On Programmes/Certificate Programmes:
The following are Add on Courses provided in the department by having a Memorandum of Understanding between the provider and the college.
- Tally Software training by Tally Solutions Pvt. Ltd.
- Diploma in International Finance and Accounts (DIFA) by Unique Management Training Solution, Aluva .
- Microsoft Excel Course by The Strategist, Kochi for Microsoft Office Specialist Certificate Course.
- Certified Management Accountant (CMA) by Miles Education Pvt. Ltd.
- Certificate Programme on Communicative English provided to all First year
INDUSTRIAL INTERACTION AND PARTICIPATIVE LEARNING
The following initiatives are coordinated by the Department:
- Commerce Association
- Entrepreneurial Development Club – Friday Market, Earn while Learn
- Quiz Club – FLAIRCOM
- Coaching Sessions for Competitive Examination
- Interaction Sessions by eminent personalities/ industrialists
- Resonance – Department Fest
- Session on Budget Analysis
Experiential Learning is provided by way of
- Industrial Visits
- Study Tours
- Outbound Programme – Campus Connect
- Faculty Exchange Programme
- Participation in Inter-Collegiate Fests
- UG and PG Project Work
The following National Conferences were coordinated by the PG Department of Commerce:
2015 – 2016: Emerging Trends in Indian Banking Industry
2016 – 2017: Demonetization and its impact on Commerce and Industry
2017 – 2018: Innovations in Financial Sector – Products and Services.
2018 – 2019: Intellectual Property Rights – Innovations and Competitiveness in the Current Business Scenario
2019 – 2020: GST in India – A Post Implementation Analysis
The following are the Outbound Programmes that were conducted for the M.Com Programme:
M.Com (2012-14) – Padmashree Dr. D Y Patil University, Department of Business Management, Navi Mumbai.
M.Com. (2015-17) – Justice K.S Hegde Institute of Management, Nitte, Udupi, Mangalore.
M.Com.(2016-18) – Xavier’s University and Kalinga Institute of Social Science, Bhubneshwar, Odisha.
M.Com.(2017-19) – Christ Institute of Management, Lavasa, Pune, Infosys Pune.
- Finance Stream:A National Webinar on “Covid Aftermath on the Balance Sheet” was conducted. The resource person was Dr. Arunkumar from IIT Madras.
- Computer Application: A National Webinar on the theme “Marketing in the VUCA world” was hosted. The resource person was Dr. Anandakuttan B Unnithan from IIM Kozhikode.
- Cooperation Stream: An International Webinar was hosted on the theme “Post Covid Business Environment: Challenges and Opportunities”. Dr. Justin Paul, University of Puerto Rico, USA was the resource person.
- BBA Stream:A National Webinar on the theme “Evolution of Managerial Skills for the Dynamic Work Environment”. Dr. Nobin Thomas from IIM Indore was the resource person for the session.