Bhavan Vidyalaya, Chandigarh has initiated "Ascension-rise above", a company form of organisation in their school. It is a replica of a real-life joint stock company and its ownership lies in the hands of shareholders i.e. school staff and students. The company is a diversified manufacturing company dealing in two different lines of products and services which are food products i.e. corns, nachos, iced tea, ice-cream and lemonade; and non food products i.e. customized goodies, wet face tissues and stationery.
The company is managed and overseen by the Board of Directors -Jayesh Jhunjhunwala, Naman Galhotra, Iresh Gupt, Abhinav Modi, Shraishth Jain and Geetanshu Gupta, all students of class XII commerce. They are guided and supervised by an advisory panel of teachers comprising Ms. Anuradha Bhatia, Ms. Poonam Sondhi and Ms. Pratibha Verma. The Board of Directors are also the promoters of the company. The Chief Executive Officer appointed by the Board ensures the implementation of the plans, policies and decisions of the company. The main customers are students, teachers and employees of the school. The company raised its initial start-up capital by issuing shares to the staff and the students and raising a loan.
The aim of setting up this company is to basically inculcate among the students the tenets of business ethics, team building as well as reinforce accounting practices, marketing/ pricing strategies, production activities etc.
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