PGEMP capstone projects: Applied learning for real-world impact
Capstone projects are an integral and highly significant component of the PGEMP curriculum. It requires participants to address a real business problem within their organisation by incorporating the concepts, frameworks and insights gained throughout the programme. The intensive experience focuses on strengthening three core management competencies: problem-solving, strategic thinking, and leadership ability. Since PGEMP’s launch in 2002, 100+ batches have completed and implemented a significant number of capstone projects within their organisations, delivering measurable benefits and driving meaningful change in their companies.
Capstone project highlights
Many projects extend beyond their organisational impact, evolving into published white papers and articles that contribute to management thought leadership. This section highlights selected publications and insights emerging from participants’ capstone work.
India’s petrochemical economy and opportunities for the manufacturing industry growth
Shardul Kshirsagar
Global CEO & Managing Director
Fowler Westrup (India) Pvt. Ltd.
PGEMP Batch 1 | Year: 2002-2004
I presented this internally to our stakeholders and the senior management as part of a capstone project closure for my EMBA programme. We moved from $0 to $4 million in just three years.
The project ‘Develop a production plan to optimally balance the production of non-profitable vs profitable products to maximise MR revenue and margin’ gave a benefit of around ₹100 cr/annum.
Dr. Jaya Rawat
General Manager (R&D)
Bharat Petroleum Corporation Ltd.
PGEMP Batch 65 | Year: 2018-2020
This business application of an R&D—enhanced system efficiency, reduced energy consumption, extended equipment life, and simultaneously decreased maintenance, resulting in a difference of up to $ 40 million per annum to the bottom line.
L&T made me the head of this 1500 cr project at the age of 30. The project is in its final phase, and we are expected to hand it over to the Pune Municipal Corporation in the first half of 2025.
Hrushikesh Sangamnerkar
Executive Assistant to Mr. A M Naik,
Group Chairman Emeritus
Larsen & Toubro Ltd.
PGEMP Batch 84 | Year: 2021-2023
We used new technology and changed workflow and processes with the same manpower and minimal costs to deliver on schedule. Our production increased by 52% from 76 units/year to 116 units/year. This project also empowered women.
Shriram Iyer
DGM, Auto Market Analysis
Tata Motors Business Services Ltd.
PGEMP Batch 48 | Year: 2014–2016
We aimed to achieve a balance between top-line profits and increased market share without compromising on costs, customer expectations, or the company’s ambitions. The light-duty segment is a high-volume game, and our ambition was to become the market leader.
Our partners discuss how the capstone projects extend beyond the classroom to deliver measurable benefits and drive meaningful change in their organisations.
Pushp Kumar Nayar
Executive Director (HRD)
Bharat Petroleum Corporation Ltd.
Executive Director (HRD),
Bharat Petroleum Corporation Ltd.
Capstone projects are designed to be individual-specific rather than group projects. This forces participants to draw from their personal experiences and perspectives within the context of their roles. These projects empower our employees to identify, frame, and address business challenges in a structured manner with the support of an experienced BPCL mentor and a guide from SPJIMR. They push participants to apply their learnings to real-world issues relevant to their roles at BPCL.
The capstone project process encourages and develops essential skills such as strategic thinking, problem-solving, leveraging frameworks, innovative thinking, and collaborative solution-building. These skills naturally strengthen BPCL’s overall capabilities and are invaluable in today’s dynamic business landscape.
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Sabih Ahmed Kidwai
Director Learning Solutions, Talent Management & OD,
Greater India, Schneider Electric
We view capstone projects as an invaluable component of the transformational experience. They provide participants with the opportunity to apply theoretical knowledge to practical, real-world challenges.
The collaborative nature of these projects ensures that participants receive constructive feedback and mentorship from both organisational leaders and faculty throughout the process. This hands-on experience is crucial for understanding and translating learning into action and driving organisational success.
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Shankar Krishnan
Group Head (Strategy, HR, IT & Corporate Communication),
Shapoorji Pallonji Group
The capstone project is done from two perspectives. One reason for doing the capstone project is to benefit the individual in working with a team on a real-life problem toward the business objective. If the individual benefits, the team and the business benefit. This is a big benefit, and it has been a 7 or 8 out of 10 plus for most participants.
There are practical issues with taking capstone projects forward. The reality on the ground needs to be constant and relevant for 2-3 years. Teams disperse on completion of projects. That’s the reality of life. So it’s a mixed bag. Maybe it’s a 3 or 4 out of 10 from the organisational perspective, but it’s a 7 or 8 kind of benefit for the individuals.