For the IQAC of HR College of Commerce and Economics, continuous improvement in quality processes has always been one of its key agenda and efforts are directed to collaboration, innovations and best practices that are socially inclusive. The broad theme of IQAC this year included continuous mentoring and collaboration to ensure excellence in overall performance. With the aim of improving the academic and administrative performance of the institution, the following mentoring sessions were organised by the IQAC for the academic year 2020-2021:
The IQAC team invited Dr. Shehernaz Nalwalla, former Vice Principal Wilson College and coordinator for IQAC, to conduct a session on the theme of 'Preparation for NAAC.' The lecture cum interactive session took place virtually on August 13, 2020. She gave her views and suggestions on what can help an institution grow and maintain stability, which included among other things various audits, certificate courses, mentoring, feedback etc.
The IQAC hosted a one-day webinar on November 27, 2020, which was jointly organized by RUSA, Maharashtra and HSNC University on Institutional Quality Management (NAAC Preparation Strategy). The experts selected by RUSA gave their views and suggestions on the processes involved for the initiation and promotion of a culture of quality enhancement. This programme witnessed participation of more than 400 delegates from various colleges in India and abroad.
The IQAC invited Dr. Kurup, Retired Principal of V.G Vaze College, Mumbai on 16th September, 2020 for a virtual meet to guide the IQAC team on the topic “Documentation Procedures for NAAC (National Assessment and Accreditation Council).” Dr. Kurup emphasised on the importance of a full proof preparation to be done by the IQAC team as well as the entire staff for a good NAAC score.
The IQAC successfully monitored a virtual webinar on March 13, 2021 for faculty and non-teaching staff on “Financial Freedom - An Investor Awareness Program” by Priyanka Acharya. This webinar was conducted with the objective to create awareness & educate the students on the basics of investment, difference between savings & investment, myths and realities of the securities markets, power of compounding, inflation, and benefit of starting early, types of investments among others.
The Internal Quality Assurance Cell (IQAC) has diligently focused on elevating the institution's educational standards through a multifaceted approach. Central to its efforts is the implementation of rigorous audits to evaluate and enhance academic processes, infrastructure maintenance, and regulatory compliance. These audits serve as crucial mechanisms for identifying areas of improvement and ensuring alignment with quality benchmarks. Additionally, the IQAC has spearheaded initiatives aimed at improving recognition and rankings, fostering academic discourse through conferences and workshops, and nurturing a dynamic learning environment. As the institution progresses, the IQAC remains dedicated to upholding the highest standards of quality assurance to ensure continued excellence in education and research endeavors.
For ongoing commitment to quality management and organizational excellence, the institution continues to refine its processes, streamline operations, and uphold ISO standards across all facets of its operations. These sustained efforts included renewal of ISO processes which were successfully completed. The college’s commitment to excellence and adherence to high standards have been acknowledged through the attainment of ISO 14001:2015, for its dedicated environmental pratices, ISO 9001:2015 for its quality management systems and ISO 50001:2018 for efficient energy management systems. All these certifications are granted by the member bodies of IAF.
The Best Colleges, 2023 Zone wise ranking was conducted by Open the Magazine. , the weekly current affairs and featured magazine, the flagship brand of Open Media Network, the media venture of the RP-Sanjiv Goenka Group. In this ranking H.R. College was ranked No. 1 in Commerce College category and No.6 among Management institutions and colleges in BBA/ BMS Category in State of Maharashtra.
We also worked by participating in rankings for increasing our positive media coverage and mentions as a result in 2023 the institution has also been recognized as one of the TOP 10 COLLEGES FOR ECONOMICS IN INDIA and in 2024 the institution is ranked in top 10 positions in Arts, Science and Commerce colleges by HIGHER EDUCATION Review.
Our concerted efforts in promoting the culture of research and innovation bolstered the research center's capacity stemmed from a significant augmentation in our pool of research guides. The IQAC initiated and successfully completed the process of acquiring additional seats for research centers and in initiating the guideship process for interdisciplinary subjects. We have 13 guides at present in the subjects of Business Policy and Administration, Business Economics, Environmental Studies and English.
The IQAC played a pivotal role in the promotion of two faculty members Dr. Saleha Syed and Dr. Simran Kalyani under the Performance Based Career Assessment Scheme of UGC.
Two day online national workshop for students titled "Image Building" Organized by the IQAC & the department of english of H.R College in collaboration with the IQAC & the department of english of SIWS college on 6th and 7th November 2023.
The IQAC and the Department of English at H.R. College joined hands with their counterparts at SIWS College to orchestrate a transformative two-day online national workshop titled "Image Building." This collaborative endeavor, held on the 6th and 7th of November 2023, aimed to equip students with essential skills and insights into crafting a strong and impactful image in various spheres of life. The workshop served as a dynamic platform for students to enhance their self-awareness, refine their presentation skills, and cultivate a positive online and offline presence.
On 16th of March 2024, IQAC in collaboration with Ph.D. research center organised a one day multidisciplinary international conference on Governance, Politics, Ethics, Review and Perspectives in Times of Transition. The conference had the presence of experts from the industry and academicians in India and abroad. They addressed the conference bringing in invaluable insights and expertise to the academic community, enriching the discourse and broadening perspectives. The conference had the participation of 120 plus faculty members, research scholars and students who presented their research work and these papers are now further processed for publication in reputed peer reviewed and referred journals.
The academic year 2023.24 commenced and concluded with comprehensive audits, underscoring the institution's unwavering commitment to maintaining high standards of quality and excellence in education. The culmination of each academic cycle with an audit on 17th Feb over the past three years from 2020.21 to 2022.23 signifies a structured approach to evaluating and enhancing academic processes, infrastructure, and regulatory compliance. The outcomes of these audits have been pivotal in shaping institutional policies, addressing areas of improvement, and recognizing achievements. Following the assessment, the college received commendations for its exemplary practices while also receiving recommendations aimed at further enhancing its academic offerings and operational efficiency.
IQAC Webinars Photo Gallery
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WEBINARS 2022-2023
Faculty Development Programme
September 30, 2022 Attendees-26 Beneficiaries-26
IQAC Collaboration with B.voc Committee organized an online Faculty Development Programme on ‘STOCK TALK’ with speaker Mr. Gaurav Sharma. An owner of Stock Learn and has experience of 7 years in learning and teaching stock market. He is also an MBA finance from Rajasthan University 2008 batch. He has also worked with Asian Paints for 9 years and now he is involved in professional trading and also coaching traders to become better in trading.
One of the faculty Mrs. Mamta Shukla took initiative in arranging this session for increasing the knowledge and understanding about stock market. This session was exclusively arranged for Faculties and Staff of H.R College to give them an overview of how to select good stocks by following big investors. In the session Mr. Gaurav Sharma briefed about NIFTY and PE Ratio, relation for buying and selling, Indian market compared to world’s market and taught the proper techniques for buying and selling stocks.
The session highlighted various elements of technical analysis and explained the applications of fundamental analysis at the base level which enhanced a fellow beginner’s knowledge in identifying the right stock.
Two Day National Workshop on ‘Research Requisites’
Date: 5th & 6th December 2022 Organized by: The IQAC and the Department of English of H.R. College of Commerce and Economics Hosted by: The Public Speaking and Debating Society of H.R. College
The IQAC and the Department of English of H.R. College of Commerce and Economics in collaboration with the IQAC and the Department of Business Communication of SIWS NR Swami College and Smt. Thirumalai College of Science organized a Two-Day National Workshop on ‘Research Requisites’ exclusively for teachers.
On the introductory day, the Principal of H.R. College, Dr. Pooja Ramchandani as well as the Principal of SIWS NR Swami College and Smt. Thirumalai College of Science, Dr. Sunita Shirvalkar, graced the session and appreciated the efforts taken by the organizing teams in realizing this initiative. The Teacher In-Charge of the Public Speaking and Debating Society of H.R. College, Dr. Geeta Sahu went on to outline the objectives and proposed outcome of the workshop. Dr. Kirti Nakhare welcomed the speaker, Dr. Suman Mundkur (Well-known Academic Research Consultant) as well as all the participants who were present. Day 1 of the workshop focused on the topic ‘Understanding the Research Process’. The objective of laying emphasis on the value of Publishing in the Research Process was well-delivered by way of illustrating numerous benefits of the same. Day 1 concluded with a Vote of Thanks by Dr. Geeta Sahu.
After having had a successful Day 1, teachers across various fields joined in on Day 2 which entailed a session on ‘MLA-9: An overview’ by Dr. Nilakshi Roy (Retd. HoD of the English Dept. of V.G. Vaze College). The Principals of H.R. College of Commerce and Economics as well as SIWS NR Swami College and Smt. Thirumalai College of Science addressed the session with encouraging words. They then passed on the mic to Dr. Kirti Nakhare who, having highlighted the objectives and proposed outcomes of the session, gave the welcome address. The session bore fruitful results by having facilitated an insight into the importance of MLA-9 and its relevance in publishing articles. At the end of the session, Dr. Geeta Sahu delivered the Vote of Thanks.
The two-day National Workshop on ‘Research Requisites’ indeed paved the way for many academicians to accelerate their research methodologies.
IQAC Webinars Photo Gallery
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WEBINARS 2021-2022
The broad theme of IQAC this year revolved around reviewing the administrative and teaching-learning processes and hence the team planned to organise various audits to have an impartial opinion on revising the processes with the needs of the new system of administration as per the NAAC requirements and the HSNC University. The initiatives included -
Gender Audit:
The college extended equitable opportunities to all genders in terms of leadership, financial assistance, and utilization of infrastructure. We conducted a Gender Audit as an internal audit to assure equality in opportunities. The data is collected and analyzed from stakeholders to ensure continuous improvement and enrichment of policies regarding gender equality. A gender audit was carried out by External Expert Dr. Hema Mehta to maintain transparency and accuracy in the process.
Green Audit:
Environmental consciousness and sustainability have been a matter of concern for all academic institutions as they shape the future of the country. At HR College of Commerce and Economics, we conduct an annual green Audit as an external audit to assess the contribution of the institution to environmental sustainability on the campus and off the campus. Various activities are conducted in association with Government, semi Government, and private partners to sensitize students about various environmental threats and challenges. Through this exercise, IQAC created a long-term plan and strategy for educating students with environmental consciousness to become responsible citizens.
Library Audit
A Voluntary Library Audit was arranged by the college for further improvement of the library system on 29th October 2021. Dr. Shehernaz Nalawalla, Vice President, Asiatic Society Mumbai, and Dr. Jaydev Kadli, Librarian, Lala Lajpat Rai College of Commerce & Economics, Mahalakshmi have given their expert remarks regarding library improvement. They have appreciated the library’s best practices, record management, and digital initiatives.
Energy Audit
At HR College, sustainability has prime consideration in the entire decision-making system. Energy Audit is a bi-annual practice to ensure the smooth execution of suggestions received by the audit agency. The institution undertakes several measures like keeping equipment, and the use of LED and solar panels to minimize wastage. Strong vigilance is in place for regular maintenance of the equipment as per industry norms. Mr. Atul Sathe being an IQAC member along with the Registrar Mrs. Jyoti Govindani supervised and completed the process of an energy audit for the year 2021-22.
NIRF
To further elevate the standard of the institution in all the aspects we participated in the National Institutional Ranking this year. All the procedure for ranking as per the ranking framework was completed and the results are awaiting. The NIRF report is available to the public on the college website with detailed information to ensure transparency and fairness in the process.
Collaborations
The Principal Dr. Pooja Ramchandani signed several new MOUs in the academic year 21-22; thus facilitating the growth of students as well as the staff. The purpose of signing these is to promote research, collaboration extension activities, placements, and social initiatives and to promote industry-academia alliances.
Following are the MOUs added during the year with-
S.I.W.S N.R. Swamy College of Commerce & Economics AND Smt. Thirumalai College of Science
Leadup Edutech Pvt. Ltd.
Tourism and Hospitality Skill Council (THSC)
IMC Chamber of commerce and Industry
Besides the above, the IQAC facilitated the strategic planning and implementation of the following -
E- Cell / Institution Innovation Cell (IIC)
The Entrepreneurship and Incubation Cell of H.R. College was started in August 2020 as an initiative of the Internal Quality Assurance Cell (IQAC) of the College, under the mentorship of Dr. Navin Punjabi, National Innovation Ambassador. E Cell was started as a student body, later was recognized as the Institution’s Innovation Cell (IIC) by the Ministry of Education (MoE), and obtained a 3.5 out of 5 Star rating from MoE in its 2 years of functioning. The Entrepreneurship Cell aims to inculcate the spirit of entrepreneurship in the minds of young students. It strives to create a zeal amongst the students who wish to pursue entrepreneurship as a career and nurtures their vision. We, at E-Cell, strongly believe that with the correct mentorship and support, even the smallest of ideas can grow into successful entrepreneurial ventures. We aim to promote holistic learning to pave the way for a self-sufficient ecosystem that encourages the growth of new and innovative ideas and campus initiatives to play a major role in creating an entrepreneurial mindset.
HR College Alumni Association
The alumni association is a great way to keep the legacy going and ensure that future generations of Brand Ambassadors of college have the opportunity to kick start their careers. The best people who know the ins and outs of a college are the Alumni of the college. Alumni are a college’s most loyal supporters and they generate invaluable word of mouth among their social and professional networks.HR College of Commerce & Economics is known to have the best alumni. From running their own business, and top ranks in the government leadership positions in the corporate world, to sports and even Bollywood and beyond. HR Alumni have not only made a name for themselves but also have got immense glory to the institute. The Internal Quality Assurance Cell (IQAC) of H R College proposed strengthening the alumni association and the alumni association was registered in 2021-22. For the years the alumni engagements were strong but from 2021-to 2022 we registered the association and constituted an alumni engagement committee by reconstituting the Alumni Association under the dynamic leadership of the Principal. The committee engages alumni for campus events and facilitates bringing back alumni on campus.
Corporate Series 1.0
Guided by the IQAC, Mr. Manish Malkani managed and supervised the corporate series 1.0 engaging experts from the industry for interaction. The sessions started on 27th August 2021 and included topics - Swift Messaging System with Mr. Prathmaish Sharma, Consultant Deloitte, AI IN Banking Industry with Mr. Utpal Chakraborty, Head AI at Yes Bank, Gst Scandals with Mr. Jay Bohra and Company Valuation Masterclass by CA Shardul Shah.
CAS Promotions
IQAC facilitated the promotion of the following faculty members under the UGC PBAS CAS Scheme-
From Associate Professor to Professor
Dr. Pooja Ramchandani
Dr. Geeta Nair
Dr. Jehangir Bharucha
Dr. Paromita Chakrabarti
Dr. Madhuri Tikam
Dr. Chandani Bhattacharjee
From Assistant Professor to Associate Professors (Stage 3-4)
Dr. Jasbir Kaur Sodi
Dr. Rani Tyagi
Dr. Jaya Manglani
Dr. Geeta Sahu
Dr. Navin Punjabi
Assistant Professor (Stage 2-3)
Ms. Saleha Syed
Mr. Atul Sathe
Plan of action
IQAC has initiated the process of academic audit which is expected to be completed in 2022-23. The team of IQAC is further working to revisit the planning and administration structure to reform committees and departmental interaction processes through staff development workshops where departments can make reviews and presentations on the progress of their departmental member's research, teaching, and learning processes. The system will facilitate accuracy and excellence in the process of documenting and attaining the desired outcome. To further enhance the processes, ISO certification is also on the cards in the academic year 2022-23.
IQAC Webinars Photo Gallery
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WEBINARS 2020-2021
1. One Day National Webinar
EN ROUTE FROM TRANSITION TO TRANSACTION ANALYSIS - bridging gap between us & them July 29, 2020
The National Webinar was organised jointly by the Department of Commerce & Internal Quality Assurance Cell (IQAC) of Lala Lajpatrai College of Commerce & Economics and Internal Quality Assurance Cell (IQAC) of H.R. College of Commerce & Economics On "En Route from Transition to Transaction Analysis - bridging gap between us & them". The speaker for the session was Dr. Meghna Basu Thakur, Academician & Head - Dept of Psychology - R.D. National College. The session had 352 participants from all over the country and highlighted the importance of transactional analysis in everyday life .
2. One Day Webinar
Jointly organised by RUSA, Maharashtra & HSNC University; INSTITUTIONAL QUALITY MANAGEMENT (NAAC Preparation Strategy) November 27, 2020
This one-day webinar, the first major programme organized by the HSNC University, after its inception, witnessed participation of more than 400 delegates from various colleges in India and abroad. Hosted by the Internal Quality Assurance Cells (IQAC) of HR College of Commerce & Economics and Smt. MMK College of Commerce and Economics, the session was held under the guidance of Dr. Vijay Joshi, Chief consultant at RUSA and Dr. Pramod N. Pabrekar, Senior consultant at RUSA.
Mr. Vijay Joshi, the Chief consultant at RUSA, emphasized the responsibility that came with the status of being the first Cluster University in the country and the significance of being a trendsetter in the field of education. He also spoke about the need for establishing certain checks and balances for ensuring quality in education, for rewarding excellence and for imbibing quality culture in education.
The first technical session, piloted by Dr. Vani Laturkar, Senior Professor and Head-Management, School of Commerce and Management Sciences, Swami Ramanand Teerth Marathwada University, Nanded; focussed on the new NAAC parameters and the methods of inculcating quality systems in institutions. Dr. Laturkar explained the vision for the NAAC process in terms of quality enhancement, self-evaluation, sustenance, initiation and promotion of a culture of quality enhancement.
The second technical session conducted by Dr. Bhole, retired Associate Professor and Head, Department of Microbiology, Abasaheb Garware College, Pune, centred on the role of IQAC in the assessment and accreditation process. He also pointed out the need for identifying key performance indicators in the process of setting benchmarks. Decisions as to what to benchmark, who to benchmark, data collection and analysis, gap analysis and gap filling were also identified as essential responsibilities of IQAC.
Prof. C.N. Rawal, Principal Brihan Maharashtra College of Commerce, conducted the third and the last technical session, on Documentation for NAAC. His talk, centered on documentation. He explained in detail the mode of document submission, data exposition as well as data creation, and the documents that would need to be uploaded criteria-wise.
The webinar concluded with a vote of thanks proposed by Dr. CA. Kishore S. Peshori, I/C Principal, Smt. MMK College of Commerce and Economics.
3. UGC HUMAN RESOURCE DEVELOPMENT CENTRE - University of Mumbai
COVID 19 & CHANGING BUSINESS DYNAMICS February 3 to 16, 2021
Refresher Course in Commerce and Management on the theme “COVID-19 and changing business dynamics was organized by UGC HRDC, University of Mumbai, under the aegis of Rashtriya Uchchatar Shikhsha Abhiyan (RUSA), coordinated by H.R. College of Commerce and Economics.
Dr. Niranjan Hiranandani, Hon’ble Provost at HSNC University, Mumbai and a leading entrepreneur, delivered the inaugural address at the Refresher Course and industrialist who has changed the skyline of Mumbai his address set the tone for the refresher course.
This Refresher Course on COVID-19 and changing business dynamics gave perspective of various industries to the participants through distinguished resource persons who brought insights right from real estate to retail, from education to government and from small & medium enterprise to fortune 500 listed companies. We were privileged to have speakers from IIM Ahmedabad, and other well-known B-Schools, Former Chairman of Central Board of Direct Taxes and corporate leaders from corporate houses like Ultra tech Cements, CRIF High Mark, Ernst & Young, State Bank of India, Edelweiss Financial Services, India First Life Insurance Company, Airport Authority of India, JP Morgan Chase and Co., and Jain Farm Fresh Foods Ltd.
The objective of the Refresher course on “COVID -19 and Changing Business Dynamics” was
1) To orient the participants on the impact of COVID-19 and changing business dynamics.
2) To provide hands-on experience of select industry through virtual industry visit
3) To encourage teacher participants to adapt technology and engage with students, teachers, and society at large.
4) To enable teacher participants to keep abreast with recent developments in the field of their knowledge.
4. One Day National Webinar
Virtual- Investor Awareness Program March 13, 2021
The Students Council and Cultural Committee of Lala Lajpatrai College and HR College of Commerce & Economics under the aegis of the Internal Quality Assurance Cell (IQAC) organized a Webinar for Faculty and Non-Teaching Staff on Financial Freedom - An Investor Awareness Program. The objective was to create awareness & educate the students on the basics of investment, difference between savings & investment, myths and realities of the securities markets, power of compounding, inflation, benefit of starting early, types of investments to name a few.
Ms. Priyanka Acharya, a double postgraduate from Mumbai with corporate experience of over 7 years, conducted the programme. She is the Proprietor of Priy-Anka Consulting Co. She has conducted over 500 workshops in the last 4 years, mentored 10000+ participants, published & presented 17 management research papers and is consulting startups, students and executives across 10 cities. Ms. Acharya oriented the participants on the concept of Ponzi schemes and why such schemes, which in spite of tempting returns, should be avoided. Session ended with a Q and A where all queries were answered satisfactorily.
