Four alumni of Indian Institute of Management-Ahmedabad (IIM-A) who had opted out of the placement process last year to start their own enterprise, are coming back to the campus in the next placement season in March, 2008 — for a different reason this time.
Though IIM-A had relaxed its rules this year to allow students opting out to come back for next two years for placements, this four-some will be in the campus to hire fresh management graduates for their own venture which has written a success story and needs more man power to take it to new heights.
Vishal Prabhukhanolkar, Bhusan Davir, Vineeta Singh and Debashish Chakravarty had last year spurned high profile job offers to start their own venture ‘ten-a-day’, an online website providing coaching for the CAT examination which is the gateway to the IIMs and several other institutions. The venture, known as www.tenaday.co.in, has logged nearly 22,000 registered users in its year of existence and needs more hands now, said Vishal about why they are coming to IIM-A next year.
The ‘ten-a-day’ website, the largest online CAT preparation site, requires aspiring students to answer 10 questions every day and also provides daily percentile rankings.
All this and the explanations of the questions are for free. But the detailed analyses of the answers have charges ranging from Rs 210 onwards. Other institutes charge nearly Rs 14,000 for similar analyses, Vishal said.
Since nearly two lakh students appear for the CAT every year and another six lakh appear for other admission tests, the online website has a great potentiality for growth, hoped the young entrepreneur who rejected a fat pay packet to start this venture along with his three other batchmates.