SUMMER INTERNSHIP PROJECT 2020

COMPANY: OYSTER CONNECT

“REPORT 3”

POST GRADUATE DIPLOMA IN MANAGEMENT

(BATCH 2019-21)

Under Supervision Of
Dr. DEEPAK SINGH
Associate Professor Marketing & Strategy

Submitted By
Student Name: Vaishnavi Khandelwal
(PGMB1951)

JAIPURIA INSTITUTE OF MANAGEMENT

A-32A, Sector 62, Institutional Area, Noida- 201309 (U.P.)
About the company:
Times Internet is an Indian company which owns, operates and invests in
various Internet-led products, services and technology. It is the digital arm of
the Times Group, the largest media conglomerate in India. Times Internet
currently owns and operates 39+ digital products across news, sports, music,
video, trivia, spirituality & a suite of transaction-led market-places across real
estate, personal finance, education, jobs, table reservation, etc.

THE FINANCE FUNCTION:

MR.JOY BASU – CHIEF FINANCIAL OFFICER
 The initial investment is done by borrowing from a bank or other
financial institutions.
 Times Internet generated $202 million in fiscal year 2018 at a loss of $23
million, according to regulatory filings.
 As the products have matured, they are refocused on revenue growth
(closed last year with $196 million in revenues, up 40% from FY’18)
 The digital arm of Times Group - Times Internet - has posted an increase
of 9.4 per cent in its total revenue for the year ended March 31, 2019. The
company has recorded a total revenue of Rs 1526.51 crore as compared to
Rs 1394.42 crore in FY2018.
 During FY19 the network’s loss after tax has increased by 45.68 per cent
to Rs 102.36 crore as compared to the previous financial year. The
company had posted a loss of Rs 70.26 crore for the year ended March
31, 2018.Times Internet’s revenue from operations has jumped 44.37 per
cent to Rs 1357.45 crore from Rs 940.24 crore in FY18.
 The revenue from SMS services stood at Rs 93.04 crore whereas revenue
from events - sponsorship and participation fees - was recorded as Rs
37.63 crore.
CLASS ROOM LEARNING
 Account management
 Finance strategy
 Strategic management
HR FUNCTIONS:
RECRUITMENT PROCESS

 The HR with the assistance of the other colleagues and interns list down
the needs and the work openings that can be offered.
 The HR office comprising the interns and other employees at that point
talk about with the HR regarding the position and decide the best
enlistment and choice procedure.
Recruitment will include:
 Company site.
 Internal posting.
 Online work sheets.
 Social media sites (Facebook and LinkedIn).
 Employee referrals.
 The HR office will survey the resumes of qualified possibility to
recognize the most proper contender for meeting.
 The HR division at that point direct phone pre-screens of recognized
competitors and calendar face to face meets with the recruiting director or
the HR.
PERFORMANCE MANAGEMENT:
 Amber is an AI-enabled chatbot, allowing us to gather direct feedback
from our team. Over 97% of our employees used it to provide real-time,
actionable insights on their mood and engagement drivers.
 Skills Base (an employee skills and interests repository tool) enabled us
to setup cross-business, specialized networks (our own GitHub).
 We partnered with O’Reilly, an advanced learning platform that has
provided our engineers access to trainings and webinars on cutting edge
technologies. We believe that for us to continue to be competitive, our
talent must also constantly improve itself.
CLASS ROOM LEARNING
The HR function constitutes with activities like:
Recruitment, Selection, Retention, Training and development
OPERATION FUNCTIONS:

The businesses operate with autonomy, allowing nimble execution. However,

underlying all of properties is the Times Cloud Platform, an amplifier that helps
to do more.

Spread across multiple geographies, the Times Internet datacenter and

infrastructure stack is one of the most complex in the world, providing stable,
fast, and secure access to our variety of products. Times Internet is a top 5
bandwidth consuming platform in India, and They’ve materially improved our
infrastructure in the last year for speed, performance, and reliability. They’ve
deployed self-healing hybrid cloud servers, powered by 80,000 CPU cores,
running over 12,000 instances that allow any of our businesses to scale up and
down as needed. Contrary to what most companies find, when they evaluate
other large cloud platforms, they find that the operating flexibility and cost
efficiency are greater with the private infrastructure.

CLASS ROOM LEARNING

 Logistics
 Product designing
 Resource planning
 Product management