/ -- -Maharashtra Education Society's Garware College of Commerce, Pune & Indian Institute of Technology, Madras were the first and second runner-ups in the competition - A total of 24 top-tier colleges participated in this competition from across India

IMA (Institute of Management Accountants), the world's leading association on advancing the management accounting profession today announced the winners of the fourth IMA Student Case Competition held in India. Christ University, Bengaluru was announced the India winner followed by Maharashtra Education Society's Garware College of Commerce, Pune as the first runner-up and finally, Indian Institute of Technology, Madras the second runner-up. The winning teams at the three institutes also received cash prizes of US$ 1500, US$ 1000 and US$ 500 respectively.

(Photo: https://mma.prnewswire.com/media/830048/Student_Team_Christ_University_Bengaluru.jpg )

(Photo: https://mma.prnewswire.com/media/830049/Garware_College_of_Commerce_Pune.jpg )

(Photo: https://mma.prnewswire.com/media/830050/IIT_Madras.jpg )

The winning institutes were chosen from a stellar list of finalists comprising some of India's top ranked institutes of higher education. The finalists included Birla Institute of Technology and Science; Pilani; Bharati Vidyapeeth's College of Engineering, Delhi; Chandigarh Group of Colleges, Chandigarh; Christ University, Bengaluru; Maharashtra Education Society's Garware College of Commerce, Pune; Indian Institute of Technology, Madras and Symbiosis College of Arts & Commerce, Pune. The final leg of the competition was held at Novotel Hotel in Pune and was decided by an independent jury.

Announcing the winners, Fenil Vadakken, India Country Head, IMA said, "Congratulations to the winning teams. This is the fourth year that the competition was held in India and we are enthused by the overwhelming response the competition received from institutions across the country. The three winning teams led by Christ (Deemed to be University), Bengaluru displayed a high quality of analytical and presentation abilities and also took a holistic view of the business challenge in true reflection of the dynamic and globalized business ecosystem that exists today."

This year, teams were given the opportunity to analyze a relevant business case study and develop a solution. The case study revolved around a small Peruvian business owner who is considering expanding her B2B food supply business and needs help to evaluate the first six months of operations and determine how to reach her profit goals.

Exulting in their win, team Christ University, Bengaluru led by Jaiveer Singh Shekhawat, Govind Vijayakrishnan & Ayesha Sayedsaid, "We're thrilled with our win given the intense competition we faced from some of India's top higher education institutes. This case study was incredibly challenging as it sought solutions that were comprehensive and encompassed all aspects of the business and not just accounting. This demonstrates the true measure of future accounting professionals who need to take holistic and in-depth view of business operations."

The IMA Student Case Competition is a global competition held annually across countries and allows students and their professors to showcase their business analysis skills. Each case competition entry was required to present a solution to the case. The case study was common to all participating teams across countries.

About IMA (Institute of Management Accountants) IMA, named 2017 and 2018 Professional Body of the Year by The Accountant/International Accounting Bulletin, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA (Certified Management Accountant) program, continuing education, networking and advocacy of the highest ethical business practices. IMA has a global network of more than 100,000 members in 140 countries and 300 professional and student chapters Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle East/India. For more information about IMA, please visit www.imamiddleeast.org.

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