Institute of Computer and Finance Executives (ICFe) opens its 60th Centre at Naraingarh

Press Release
Naraingarh
August 26th, 2008

Institute of Computer and Finance Executives (ICFe) opens its 60th Centre at Naraingarh
Proposes to invest Rs.10 crore in the next one year by opening 50 new branches of ICFe in Punjab, Haryana & Chandigarh

Institute of Computer and Finance Executives (ICFe) today inaugurated its 60th centre today at Naraingarh. ICFe, a 4 year old, ISO 2001 certified company, trains executives in the field of Accounting, Banking, Insurance, Mutual Funds and Financial Services sector. ICFe already has centres in states of Delhi & NCR, Himachal Pradesh, Haryana, Punjab, Chandigarh, Uttar Pradesh and Rajasthan.

Honourable Deputy Chief Minister, Haryana Government, Sh. Chander Mohan inaugurated the ICFe centre. The Deputy Chief Minister lauded the efforts of ICFe in setting up its center at Naraingarh and said that places like Naraingarh remain out of horizon of companies till organisations like ICFe discover the huge potential in small towns. He appreciated the efforts made by ICFe to train budding accountants of the country and equipping them with the skill set required by the finance industry. He added that the Government looks forward to more such private initiatives that assist in building professional skills in the masses, so as to facilitate better job opportunities in smaller towns & cities.

Speaking on the occasion Mr. Mayank Gupta, Director, Nexgen Edusolutions, parent company of ICFe, said, “Haryana is known for its rich industries in the agriculture and Handloom sector. The big and small entrepreneur’s need trained accounting and finance manpower. We at ICFe believe in creating opportunities for the local industry to get skilled accountants at their doorstep. The idea is to provide best professional education facilities in Finance to our students as well as provide access to the job opportunities available in the market to them”.

Speaking on the franchisee selection process Mr. Gupta said “We want partners who can share our zeal and direction in taking quality education to the masses and making them employable. Our Naraingarh partner, N.R.M. High School is a recognised name in education and we are sure that the combined effort will help us in achieving our objective”. The franchisees, Mr.Ajit Agarwal, Mr.Narinder Singh and Mr.Anirudh Kapoor are already established names in the field of education.

Mr. Ajit Agarwal, Principal, N.R.M. High School, said “It’s our privilege to work with an institution like ICFe and carrying forward its message of providing quality education to the smaller cities. In today’s financial scenario, there is a rising need for efficient accountants. ICFe is the right choice in this direction, as they bring quality education and industry ready financial skills to the students, who have just completed their school/college studies”.

ICFe’s focus is on the B+ and B towns where there are neither enough career opportunities nor enough national level institutes who can impart proper training which can lead to gainful employment to the local populace. ICFe is looking to invest close to Rs.10 crore in the states of Punjab, Haryana & Chandigarh in the next one year, and are looking at opening around 50 branches in the region.

The finance industry is witnessing a very healthy 40 % growth every year and the demand for finance professionals is huge. In fact, Ministry of Human Resource Development puts a figure of 200,000 as the shortage of finance professionals by 2009. While the number of CAs and MBAs has been growing, there is a huge gap between demand and supply of semi skilled manpower in the critical areas like Finance, Banking and Insurance.

ICFe attempts to fulfill this shortage by training students who fit the requirements of the industry. Its students are exposed to practical environment and theoretical concepts in accounts and finance. In the computerized environments of today, the focus at ICFe is also to train students on new initiatives like e-filing of returns, latest software’s and packages. The objective at ICFe is to participate in Nation Building by providing the necessary skill set to make people, living in even the farthest areas of the country, self reliant and employable.

To help ICFe fulfill this mission, ICFe has tied up with four Industry leaders as Strategic Consultants for bringing the best quality education to its students. These include Indian Institute of Management, Lucknow for course content and design, National Institute of Financial Management (NIFM), Faridabad for Faculty training, HCL Infosystems as technology partner and Liqvid in association with BBC Active for English Edge, which is an English language program.

With IIM Lucknow, the main purpose of the consulting assignment is to analyze gaps between the existing course curriculum and the course curriculum needed for imparting skill sets required by the targeted recruiter in the Finance sector, and suggest appropriate changes. For this IIM Lucknow will review the course curriculum, interact with leading professionals from the sector to understand their requirements and then present their comments for updating the courses.

NIFM will help ICFe retain its cutting edge, by training the faculty in finance and accountancy. NIFM will hone the unique teaching methodology developed by ICFe in order to reach out to a larger mass and will focus on the effective combination of instructor led theoretical training and guided practice.

HCL Infosystems will help create and maintain the IT backbone of the company. Each new ICFe centre will have the infrastructure from HCL Infosystems and the service and support for hardware, software & networking will be taken care of by HCL.

One of the major problems faced by any semi skilled professional, in today’s world is the lack of communication skills which impede their progress up the corporate ladder. To ensure that ICFe students are well turned out and gain that extra edge, ICFe is tying up with Liqvid, which has created the English offering, English Edge in association with BBC.

About ICFe

The Institute of Computer & Finance executives (ICFe) has been in operation for the past four years and provides in-depth practical knowledge to candidates in the field of accounts, taxation, banking, insurance etc. by using latest computerized techniques. The mission of the organisation is to prepare and provide competent accountants to the industry.

ICFe, driven by a passion for excellence in education, has developed a unique teaching methodology for success in the field of Computers, Accounts, taxation, banking, insurance etc. The reason for success at ICFe is the effective combination of instructor led theoretical training and guided practice

Today, ICFe, headquartered at New Delhi has 60 centers spread across Delhi & NCR, Himachal Pradesh, Haryana, Punjab, Chandigarh, Uttar Pradesh and Rajasthan.

For more information, please contact:
Sunil Kumar Singh / Nidhi Gupta
Finesse PR
Telephone: +91 11 43056200(30 Lines) Fax: + 91 11 43056202
[email protected]/ [email protected]