BIMTECH Becomes India’s First Business Management Institute to Launch BIMCOIN

BIMTECH Becomes India’s First Business Management Institute to Launch BIMCOIN

Edited By Soumi Roy | Updated on Jan 30, 2025 03:04 PM IST | #BIMTECH Greater Noida

Birla Institute of Management Technology (BIMTECH), one of India’s leading business schools, proudly introduces its futuristic blockchain-based digital currency, 'BIMCOIN.' Specifically designed for BIMTECH's ecosystem, BIMCOIN facilitates secure, transparent, and instant transactions among students, vendors, and administrators through a permissioned blockchain platform. Following IIT Madras, BIMTECH becomes India’s first business management institute to launch BIMCOIN—ushering fintech innovation in education. BIMTECH and Kalp Decentra Foundation joined forces to launch a cutting-edge Blockchain Learning Centre on campus.

BIMTECH Becomes India’s First Business Management Institute to Launch BIMCOIN
BIMTECH Becomes India’s First Business Management Institute to Launch BIMCOIN

Walking on the path towards the Viksit Bharat 2047 initiative draws inspiration from the Central Bank Digital Currency (CBDC) model and the growing need to merge blockchain technology into real-world plots. Unlike traditional systems, BIMCOIN operates on a blockchain, offering decentralization, transparency, and programmable features like smart contracts.

Also Read: BIMTECH Courses

BIMCOIN streamlines payments, promotes transparency, and introduces advanced financial tools, ensuring enhanced security, fraud protection, and ethical practices. More than a payment solution, BIMCOIN serves as an educational tool, providing students with hands-on experience in blockchain technology, digital currencies, and real-world financial systems.

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Dr. Prabina Rajib, Director, BIMTECH, said, "BIMCOIN is more than a payment solution, it is an educational instrument that facilitates our students with practical experience in blockchain technology and digital currencies, shaping their readiness for careers in fintech. This is a significant step in nurturing a culture of innovation and preparing future leaders to thrive in a digital economy. Aligning with Digital India Vision, the digital money leverages permissioned technology with advanced encryption, strict access controls, and data privacy protocols, ensuring the highest security standards.”

The pilot phase was a remarkable success, completing over 1,100 seamless transactions. Challenges, such as technical integration and user onboarding, were addressed through iterative testing and user training. The next phase includes additional rounds of close-net testing before campus-wide implementation. BIMTECH also plans to incorporate this technology into its academic syllabus through courses on blockchain, fintech, and digital innovation, further reinforcing its commitment to advancing education in financial technologies.

Also Read: BIMTECH Admissions

Inspired by its founders Late Basant Kumar Birla and Sarala Birla, BIMTECH pioneered innovative programs like PGDM, PGDM-International Business (IB), PGDM-Retail Management (RM), and PGDM-Insurance Business Management (IBM), nurturing individuals into global leaders. Also, BIMTECH is now AACSB accredited, joining the Ivy League of Top Globally Recognized B-Schools. Fostering a symbiotic relationship, the institute excels in management education, supported by its globally placed robust alumni network of over 8000 individuals.

Disclaimer: This article has been published as a marketing initiative between BIMTECH and Careers360.

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Questions related to BIMTECH Greater Noida

Have a question related to BIMTECH Greater Noida ?

Hello,

Your academic credentials are strong, your CMAT percentile is below the typical cutoff for BIMTECH's PGDM core program. However, factors such as your OBC-NCL status and gender diversity considerations might enhance your overall application. It's advisable to reach out directly to BIMTECH's admissions office to discuss your specific situation and explore potential opportunities.

Birla Institute of Management Technology (BIMTECH) offers PGDM, PGDM International Business , PGDM Insurance Business Management, and PGDM Retail Management programmes. According to the official placement report for the batch of 2022-2024, some of the companies which extended job offers to the marketing graduates for sales and marketing roles were Accenture, Infosys, Wipro Ltd, Schneider Electric, SBI General Insurance, Make My Trip (MMT), Tata AIG, Wildcraft, Hyundai Motor India Ltd., Aditya Birla Health Insurance, etc. Some of the roles offered to candidates were of Management Trainee, Research Associate, Area Manager, Consultant, Management Trainee –Analyst, Senior Sales Officer Trainee (SSOT), Associate Solution Advisor, Business Development Manager, etc.

Birla Institute of Management Technology (BIMTECH) offers a Post Graduate Diploma in Retail Management. The programme provides in-depth knowledge to students in all aspects of retail marketing, and core management areas such as Marketing Management, Financial Accounting, Quantitative Management, and Economics.

The institute has a strategic tie up with the Retail Association of India (RAI), Mumbai. On the job training is provided to students in order to enhance the student- industry interaction so that students can acquire the experience of a retail store working, which bridges the gap between academics and field learning. This also helps students to gain knowledge and experience in the functioning of a retail stores.

BIMTECH also organises visits to various industries to enable students to have first-hand knowledge of procedures and formalities in the industries. A number of industry interactions and experts visits are regularly organised by the institute.

PGDM Retail Management students undertake a number of projects as a part of the course curriculum. The institute follows the case study pedagogy. During the course of the programme, students are required to undergo a three months mandatory summer internship assignment between the first and second year. Therefore, you will get a lot of opportunities for practical learning, such as internships, projects, and case studies in the PGDM Retail Management programme offered at BIMTECH Greater Noida.

Students pursuing the Post Graduate Diploma in Management at Birla Institute of Management Technology are required to study a number of core, and elective courses as the part of the programme. The list of core marketing courses offered in the first two trimesters are mentioned below:

  • Marketing Management-I
  • Marketing Management- II

In third, fourth, and fifth trimesters, students must select functional elective from Marketing/ Finance/ HR/ Operations, and Decision Science. The list of functional elective courses in marketing specialisation are mentioned below:

  • Digital Marketing
  • Services Marketing
  • Consumer Behavior
  • International Marketing
  • Marketing Analytics
  • Rural Marketing
  • Product and Brand Management
  • Advance Marketing Analytics
  • Business to Business Marketing
  • Bootstrap Marketing
  • Integrated Marketing Communication
  • Social Marketing
  • Sales and Distribution Management
  • Luxury Marketing
  • Customer Relationship Management
  • Retail Marketing

Similarly, students who pursue the PGDM International Business are also required to select elective courses.

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