Mr. Pradeep Gupta, the guest speaker explained about how Financial Management is applicable to organizations in this modern era. Pradeep Gupta has his own venture called “Cherish Financial Services” and has15 years of experience in the field of finance.

He explained with study of financial management, how we can protect our business from precarious mismanagement of money. For example, a small businessman takes a short-term loan and finances fixed assets with this loan. It means, he has to pay loan within one year but fixed assets cannot be sold within one year. At the end of year, he does not have enough money to pay long term debt and this will create risk to his business existence and will become insolvent. This is the simple example of mismanagement of money in small business, but speaking of large scale company business, importance of financial management is greater than small business.

In a nutshell, students were happy about the session and the practical knowledge which they got from the guest faculty.

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