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Mr. Nitin Kulshreshtha talks to FORE School of Management students about Wagon Leasing and shares his valuable experiences.


14th September 2014

                                                                                                                                                                                         - Mitul Kathuria PGDM,

                                                                                                                                                                           FORE School of Management

Mr Nitin Kulshreshtha, Head of Operations at GATX India Private Limited, visited the FORE School of Management, New Delhi campus recently to share his vast experience with students in the form of a guest lecture. A Master Black Belt himself, Mr. Kulshreshtha has many achievements under his belt in his career spanning over two decades. He started out with a stint at Indian Railways that lasted for more than a decade before working his way up the corporate ladder to his current position.

 

 

Mr. Kulshreshtha has held several important positions in his career including Vice President, KRIL, Senior Vice President, GRFL and Senior Vice President at Genpact. Today, he heads the Operations at GATX India Private Ltd, which is a subsidiary of GATX Corporation. The subsidiary was set up in 2010 and provides rail wagon lease financing and related services. With his present employer, he has been responsible for setting up the India operations in line with the global standards of the organization.

 

Given his track record, it was only natural that students stood to gain a lot from the talk. And, they weren’t to be disappointed as the management graduate (Finance) from IIM-Kozhikode kept things simple and relatable. He’d probably been in the same position himself several years ago and knew exactly how to strike a chord with the gathering as he discussed different types of leasing. His talk also highlighted the difference between the private and government sector in this industry.

 

 

Having spent a considerable amount of his professional life with Indian Railways, it was expected that the talk would veer towards what is one of the largest employers in the world. Mr. Kulshreshtha provided a peek into the functioning of the government sector giant when he said, “Indian Railways has eased conditions for firms to procure and lease rail wagons to other businesses in an attempt to make its three-year-old Wagon Leasing Scheme more attractive for the private sector.”

 

The good thing about listening to a seasoned expert in the field is that you are kept abreast with the latest developments. That’s exactly what happened with Mr. Kulshreshtha, who informed students about the new norms in the industry. He stated, “A company with a net worth of 100 crore could operate under the Wagon Leasing Scheme. The earlier norms required a company to have a net worth of at least 250 crore.” He ended his talk by saying how Indian Railways had reworked its registration norms in keeping with industry demands. To change and evolve with times was definitely a lesson learned by budding management professionals, who’d gone home enriched by the experience.
 

 

 

 

 
 
 
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