ANNUAL MAGAZINE
(NML MILS) SHRI. N. M. LOKHANDE SHRI. GULZARILALJI NANDA N. M. Lokhande Maharashtra Institute of Labour Studies was established on 7th July, 1947 under the guidance of Bharat Ratna Late Gulzarilal Nanda, Ex Prime Minister of India, situated at then Manchester of Mumbai - Parel. NML MILS is a pioneer in the eld of Human Capital Management and Employee Relations. NML MILS has a glorious legacy of 78 years and has been creating HR and IR stalwarts. The rigorous curriculum of the institute is recognized by the University of Mumbai and the degree is awarded by them. The prime focus of the institute is on nurturing ambitious dynamic professionals equipped with industry exposure in various HR areas including labour laws, human capital management, business acumen etc. It is a 2 Years Full Time Human Capital Management and Employee Relation program.
1. DIRECTOR’S MESSAGE 2. EDITORIAL ASHWAMEDH ANNUAL MAGAZINE Editor in Chief Dr. P. M. Kadukar Editor Dr. Asha D. Kori Dr. Atul S. Naubde Editorial Support Anirudha Bondarwad (Magazine Co-ordinator) Public Relations Committee Members Alumni Relations Committee Members Class Representatives Fieldwork Coordinators Placement Coordinators 1 2 I II III IV V Foundation Day Independence Day & Convocation Ceremony Gulzarilal Nanda Memorial Lecture Placement Brochure Unveiling Ceremony Training Programme on The Right to Public Services Act, 2015 VI Republic Day VII Seminar On New Labour Codes VIII Golden Jubilee Celebration Of 1973 - 1975 Batch 12-14 12 13 14 6. PRACTICAL EXPOSURE 15-28 Printer Flamingo Ofce Solutions V VI VII VIII IX X Disclaimer The views expressed in the articles are those of the individual authors and not necessarily of the institute, publishers, or editors. The institute shall not be responsible for the same. 8 9 10 5. INDUSTRIAL VISITS I. Kokuyo Camlin Ltd. II. CEAT Tyres Ltd. III. Mazagon Dock Shipbuilders Ltd. I II III IV Date of Publication 27th March 2025 3 4 5 6 7 11 4. STUDENT EXECUTIVE COMMITTEES Designing Agency AVK Innovation Pvt. Ltd. Shrikant Karande +91 9892721126 Publisher N. M. Lokhande Maharashtra Institute of Labour Studies, Mumbai. 3-10 3. LEGACY OF EXCELLENCE BMC Placements ESIC Training Trade Union Placements Visit to Maharashtra Labour Welfare Board Head Ofce & Divisional Welfare Centers Visit to Directorate of Industrial Safety & Health (DISH) Visit to Labour Commissioner Ofce Industrial & Labour Court Concurrent Placements Summer Internship Block Placements 24 Add-On Modules 8. UTSAV & UPLIFTMENT I II 29-31 Ashwamedh Ganesh Utsav MILS Nurtures Talent & Shapes The Future ACADEMIC YEAR 2024-25 19 20 21 22 23 23 24-28 7. ACADEMICS TO INDUSTRY I 15 16 17 18 29 31 ASHWAMEDH ANNUAL MAGAZINE
32-92 9. FEATURED ARTICLES I The New World Order Its Beyond Vuca - Sharad Gangal 33 35 II Human Resources: The Pillar of Organisational Success - Abhilashchandra Dube 37 III Mahindra & Mahindra: A Legacy of Harmonious Industrial Relations – Lessons for Modern Manufacturing - Dr. Balkrishna Patil IV There is No Substitute for Hard Work 42 - Dr P M. Kadukar . V Diversity, Equity And Inclusion (DEI) Through Local and Global Lens with Specic Reference to Gender Equity - Dr Asha Kori 45 50 VI Employee Engagement and Industrial Relations - Dr. Prabhakar Patil VII Quality Circles : A Tool for Employee 52 Development - Sanjeev Doshi 56 VIII The Driving Forces of Economic Growth: Capitalism, Industrial Relations and Labour Economics. - Nishant Kolgaonkar 60 IX Navigating The Corporate Journey and Staying Relevant - Dr. Suparna Majumdar ASHWAMEDH ANNUAL MAGAZINE 63 X Global Capability Centres : Emerging Engines of Indian Economy - Umesh Jadhav 67 XI The Future Of Workforce Transformation: Adapting HR Strategies for A Digital Era - Sandeep Mashilkar, Pradnya Sawant & Pradeep Jadhav 71 XII Human Capital Management in The Era of AI & Cyber Security - Dr. Amit Dongare XIII Causes of Industrial Disputes in India 77 (2013-2016) - Dr. Krishnan Nandela XIV Challenges Faced by Gig Workers: Analyzing Job Insecurity & Its Implications - Karan Desai 80 XV Emotional Intelligence: Transforming 83 Workplace Relationships and Employee Relations - Aishwarya Damodare 86 XVI Signicance of Sustainable Business Leadership for Organizations to Move from Prot Centric to Planet Centric Paradigm - Dr. Sulaksha Shetty XVII My Learning Experience: Careway Leadership Development Program at Perstorp Sweden - Adwaya Sakpal 90 ACADEMIC YEAR 2024-25
93-129 10. STUDENT’S ARTICLES I Navigating Global Workweek Trends: A 94 Comparative Analysis & Recommendations For India's Labor Reforms - Prathamesh Desale VII Empowering Organisations Through 113 Strong Employee Relations - Krupa Thakur II Comparative Evaluation of Compliance 97 Tools For Risk Management & Sustainability - Neeraj Belwalkar 115 VIII Overview Of Work-life Balance Challenges For Working Women In India - Sajjan Shah 101 III Bridging The Generational Divide: A Comparative Analysis Of Workplace Preferences & Aspirations Of Generation X And Generation Y - Sagar Jaybhay IX Right To Disconnect: Balancing Work 118 And Personal Life. - Mohit Solunke IV Long-term Settlements: A Catalyst For 104 Industrial Harmony & Business Growth - Manmohan Vidhate 107 V The Digital HR Revolution In India: Embracing The Future Of Work - Dhanajay Shingade X Grounding Managerial Expectations In 121 Reality For True Performance - Gauri Shinde 124 XI From Classroom To Corporate: My HR Internship Experience At NSE - Soniya Prajapat 127 XII Women’s Rights In The Workplace - Aishwarya Kahane 110 VI Beyond Compliance: Navigating Retrenchment Laws In An Era Of Economic Transition - Komal Gowda . “In order to build a rewarding employee experience, you need to understand what matters most to your people.” - Julie Bevacqua ACADEMIC YEAR 2024-25 ASHWAMEDH ANNUAL MAGAZINE
MESSAGE FROM DIRECTOR Mrs. Roshani Kadam - Patil Director, NML MILS Dear All, Greetings! It gives me immense pleasure to present this edition of the Ashwamedh annual magazine, a platform that celebrates the remarkable journey and accomplishments of the NML MILS community. At our institute, we strive to shape future leaders in the dynamic realm of Human Capital Management & Employee Relations fostering innovation, practical learning, and excellence. At NML MILS, we are dedicated to preparing our students for dynamic landscape of Human Capital Management. This year, through a series of thought-provoking events, leadership workshops, industrial visits, and Concurrent & Block Placements, we have provided our students with invaluable opportunities to engage with industry leaders and gain hands-on experience. These initiatives reect our commitment to equipping our students with the practical knowledge and skills necessary to navigate and excel in today’s competitive HR environment. I would like to extend my heartfelt gratitude to our talented students, faculty members, distinguished alumni & contributing experts for their invaluable contributions to this Ashwamedh annual magazine. Your insightful articles, reections, and perspectives not only highlight the depth of knowledge and innovation within community but also serve as a testament to the excellence of our institute. This annual magazine stands as a reection of the high standards we uphold in nurturing thought leaders who are poised to make a signicant impact in the elds of Human Capital Management and Employee Relations. Best wishes, Mrs. Roshani Kadam - Patil Director, NML MILS ASHWAMEDH ANNUAL MAGAZINE 1 ACADEMIC YEAR 2024-25
FROM EDITORIAL DESK Dear All, Greetings! We are delighted to present Ashwamedh annual magazine which serves as a comprehensive reection of our institute’s journey of the academic year 2024- 2025, capturing the essence of important annual events and academic endeavors. It brings together a rich blend of experiences, insights, and research articles focused on Human Capital Management and Employee Relations (MHCM & ER). Through this Ashwamedh annual magazine, we aim to highlight not only the vibrant academic activities at our institute but also the research-driven discussions that explore evolving workplace trends, workforce well-being, and the strategic role of HR in modern organizations. Our alumni have made remarkable contributions across diverse domains of Human Capital Management, excelling in areas such as organizational development, employee engagement, industrial relations, HR analytics, and workplace diversity. Their journeys offer valuable lessons and real-world perspectives, shaping the way HR professionals address workforce challenges. Through student articles, we gain a boost of fresh perspectives, offering valuable insights into the eld of HCM & ER. Providing a platform for students to express their thoughts allows them to contribute meaningfully to these elds, fostering innovation and deepening our understanding of organizational dynamics. At N. M. Lokhande Maharashtra Institute labour studies, we believe in nurturing a progressive and adaptive outlook toward Human Capital Management. This magazine serves as a platform to broaden perspectives, encourage critical thinking, and bridge the gap between theory and industry practices. We appreciate & sincerely express the gratitude to the prominent professionals& students who have penned down exclusive articles for the magazine. We thank all the members behind the screen for their relentless efforts, without whose the Ashwamedh annual magazine would not have seen the light of the day. We hope that this edition provides meaningful insights and inspires readers to actively engage in shaping the future of HR and Employee Relations. Best Regards, Editorial Desk ACADEMIC YEAR 2024-25 2 ASHWAMEDH ANNUAL MAGAZINE
FOUNDATION DAY On 7th July 2024, the N. M. Lokhande Maharashtra Institute of Labour Studies (NML MILS) celebrated its Foundation Day with a special lecture focusing on career growth. This annual event honors the institute's establishment by Bharatratna Shri GulzarilalJi Nanda, the former Prime Minister of India and the then Labour Minister of Bombay Province, on 7th July 1947. The Foundation Day lecture is a signicant tradition at NML MILS, held every year to commemorate the institute's dedication to labor education and research. This year, the lecture emphasized the importance of career development in the evolving labor market. th Celebrating 78 FOUNDATION DAY Celebrating Foundation Day honored by Chief Guest Mr. Ravikiran Saurkar (Director HR Capgemini), Adv. Prakash Devdas - President NML MILS Alumni Association, Mr. Prabhakar Patil - General Secretory NML MILS Alumni Association. ASHWAMEDH ANNUAL MAGAZINE 3 ACADEMIC YEAR 2024-25
INDEPENDENCE DAY & CONVOCATION CEREMONY Independence Day at N.M. Lokhande Maharashtra Institute of Labour Studies (NML MILS) was marked by a blend of patriotism and professional learning. The day began with a ag-hoisting ceremony, featuring a motivational speech and a moving patriotic song by students. This was followed by an insightful session from Mr. Hemant Nikam, who highlighted the evolving role of HR professionals in fostering sustainable and inclusive growth. Later, the convocation ceremony brought a wave of pride and nostalgia as graduates returned to celebrate their achievements. Dressed in academic robes, they reected on their journey at MILS, expressed gratitude to their mentors, and shared how the institute had prepared them for realworld challenges. The day concluded with graduates sharing advice and insights with their juniors, leaving them inspired to make the most of their MILS experience. This dual celebration showcased the institute’s dedication to patriotism, academic excellence, and personal growth. CONVOCATION CEREMONY BATCH 2021-2023 Chief Guest Dr. Hemant Nikam, Senior Director of Human Resource at Eisai Pharmaceuticals India. ACADEMIC YEAR 2024-25 4 ASHWAMEDH ANNUAL MAGAZINE
Fleepit Digital © 2021