Towards transformative BFSI workplaces

Organisational culture is a powerful force, capable of propelling and keep a business at the top or being the anchor that weighs down an organisation.

Culture - A critical enabler

We all know the story of the Titanic, deemed to be unsinkable, but which was ultimately destroyed on its maiden journey. And while many of us are aware that a massive, unforeseen iceberg was its doom, the real truth is that it was a flawed culture that spelled the end for the Titanic. More than a lingering iceberg, it was pride and overconfidence that blinded people to the inherent risk of its journey. This doomed the cruise liner, more than any flaws in the ship’s design.

Simply put, captains of industry must always be on the lookout for looming threats that can sink organisations. Navigate the waters of your business landscape carefully, and nurture a culture of excellence that inspires curiosity, while balancing innovation and risk. These are all factors that go into building world-class organisations, and thereby a Most Preferred Workplace. It is a daunting challenge, but one successfully charted by a few select brands.

These are the organisations have risen to the occasion and answered this challenge admirably, across industries and operating contexts, and have rightfully been appointed as Most Preferred Workplace 2022-23 from the BFSI industry. Through clever decision-making, they have outperformed their peers, and pursued differentiated mindsets, strategies, and capabilities that have set them apart. And through all this, they have stayed resolutely committed to creating a preferred workplace that is worthy of emulation.

Establishing new success paradigms

This research-driven industry initiative curated interesting conversations that saw diverse industry experts and leaders put forth their perspectives on topics such as bridging the skills gap, the principles of creating a strong, inclusive work culture, and what the future of work will resemble for the BFSI sector. Speakers at the event included:

• Shankar Jadhav, Managing Director - BSE Investments and Head Strategy, BSE

• Manoj Chaudhary, Head - Human Resources, Edelweiss MF

• Anand Mishra, Senior Vice President - Human Resources, HDFC ERGO

• Atul Joshi, Chief Human Resources and Admin, Mahindra and Mahindra Financial Services

• Bhuvaneswar Naik, CHRO, Lentra

Speaking at the event, Rajesh Khubchandani, Co-Founder and CEO, Team Marksmen Network, said, “Players from across the BFSI landscape have begun to glean insights and lessons that can help them reshape their business model, operations, and workplaces for the better. But uncertainty still remains, and organisations have been faced with momentous decisions that will come to reflect their commitment to doing right by people even while pursuing strategic growth drivers. The BFSI brands that resolved this dilemma to the fullest were crowned as Most Preferred Workplace 2022-23, and we salute their contrarian spirit and commitment to build something better.”

The galaxy of brands that have raised the benchmark of workplace excellence to exalted heights were recognised in a gala ceremony. This included:

• Anand Rathi

• Annapurna Finance

• Bharti AXA Life Insurance

• CCAvenue

• DCB Bank

• Edelweiss Mutual Fund

• Federal Bank

• HDFC ERGO

• ICICI Lombard

• InCred

• IndiaFirst Life Insurance

• IndusInd Bank

• Lentra

• Mahindra and Mahindra Financial Services

• MCX India

• New India Assurance

• Policybazaar.com

• Probus Insurance Broker

• Reliance General Insurance

• Safexpay

• SBI General Insurance

• South Indian Bank

• Spice Money

• Tata AIA

• TVS Credit Services

• U Gro Capital

• Union Bank of India

• Universal Sompo

It is amply clear that the future of work is now, and we can draw inspiration from the yeoman feats of these standout brands. May they inspire others of their ilk to scale greater heights as well.

About Team Marksmen

Team Marksmen’s mission is to bring knowledge communities to life and help business leaders from across sectors navigate the contours of a changing world order. This is achieved through an array of bespoke industry-centric knowledge platforms, using a variety of formats, such as Roundtables, Summits & Conferences, Workshops, and Recognition Ceremonies. In this way, we help senior industry decision makers navigate through issues of critical importance and inform their worldview for better decision-making.

We engage with leading thinkers from across industries on the most pressing issues facing organisations, governments, and society, and disseminate these learnings through insight-forward, thought-provoking content pieces on our daily news and insights website, marksmendaily.com, and our quarterly business & lifestyle magazine, in Focus.

To know more, email us at contact@teammarksmen.com