Project Report on

Summer Internship at Insplore Consultants

Insplore Consultants Pvt. Ltd

Prepared By

Aayushi Surana

AU1910201

Integrated MBA

Amrut Mody School of Management

August 2022

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 Project Report on

Summer Internship at Insplore Consultants

Insplore Consultants Pvt. Ltd

August 2022

(Submitted in partial fulfillment of the requirements of the summer internship

training undertaken for the Integrated MBA program)

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 Certificate from the company

NOTE: HAVE NOT RECEIVED IT YET

I WILL SUBMIT THE REPORT AGAIN ONCE THE CERTIFICATE has BEEN RECEIVED.

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 Declaration by Student

Declaration

I declare that my Summer Internship Report entitled “Summer Internship at Insplore

Consultants Pvt. Ltd” submitted in partial fulfillment of the Summer Internship Program is
original and is not substantially the same as one which has already been submitted in part or
in full for any such similar qualification to the University to the best of my knowledge.

Date: 20/08/2022 Aayushi Surana

Place: Ahmedabad Name of the Student

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 Acknowledgement

I would first like to express my gratitude to Ahmedabad University, the Career Development
Center, and Insplore Consultants for providing me with the chance to do an internship with the
company.

Even though it was an online internship, I also want to thank everyone who worked with me
because their kindness and patience helped to create a fun working atmosphere.

I must also express my gratitude to my parents and friends for all of their support and assistance
with this effort. It would have been incredibly challenging to do this internship without their
assistance.

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 TABLE OF CONTENTS

Certificate from the company........................................................................................................3

Declaration by Student................................................................................................................. 4
Acknowledgement........................................................................................................................ 5
CHAPTER 1: INTRODUCTION..................................................................................................7
1.1 OBJECTIVES OF THE STUDY......................................................................................7
1.2 SCOPE OF THE STUDY.................................................................................................7
1.3 LIMITATIONS OF THE STUDY....................................................................................8
CHAPTER 2 INDUSTRY AND COMPANY ORIENTATION......................................................9
2.1 INDUSTRY OVERVIEW................................................................................................9
2.2 COMPETITORS........................................................................................................... 10
2.3 SUMMARY OF INSPLORE CONSULTANTS...............................................................11
2.4 ORGANIZATION’S FRAMEWORK.............................................................................12
2.5 PORTER’S FIVE FORCES...........................................................................................13
CHAPTER 3: TRANING ACTIVITES.......................................................................................14
3.1 EXPERIENTIAL ACTIVITES..........................................................................................14
3.2 EXPERIENTIAL PROJECTS (TASK ORIENTED)..........................................................15
CHAPTER 4: FINDINGS, LEARNINGS, AND SUGGESTIONS................................................16
4.1 SUGGESTIONS........................................................................................................... 16
4.2 LEARNINGS............................................................................................................... 16
CHAPTER 5: CONCLUSION....................................................................................................17

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 CHAPTER 1: INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1. The major goal was to improve my understanding of how marketing is conducted in a real
workplace and how to use it in a real-world organization.

2. It also enables me to diversify my skill set, learn some new ones, and learn new software
that will improve my résumé and be useful in the future.

3. Through internships, I am able to broaden my horizons outside my disciplines and develop

my skill set in a variety of fields, including HR and finance.

4. To gain practical experience in marketing and related fields such as sales and human
resources, as well as to learn how to analyse financial statements.

5. The goal is to identify my areas of interest and performance in those areas and other
industries.

6. The goal of it was to learn how to approach people and gain their trust so they would invest
in the programme.

1.2 SCOPE OF THE STUDY

1. The scope of the study was to find out how I perform in my area of interest and how can I
improve my self to be excel in that.

2. The purpose of the study is to spark my interest in the responsibilities expected of a

marketing and human resources professional.

3. The scope is to get positive and negative feedback from my employers and fellow
colleagues and to learn from the same.

4. The scope is learn from my fellow colleagues and employers and help me in my career
while also educating me and checking my knowledge as necessary.

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 5. The goal is to improve my personality, knowledge, skills, and abilities so that I can pursue
a professional career in the areas that interest me.

1.3 LIMITATIONS OF THE STUDY

1. Understanding corporate jargons, and banks products.

2. The internship, which was originally intended to be in marketing but ended up in sales,
gave the me almost little experience in marketing.

3. Reaching out the potential customers from our own contacts (Family, friends, and
neighbors).

4. The second profile was to work on HR, but due to the first profile, that opportunity was
lost.

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 CHAPTER 2 INDUSTRY AND COMPANY ORIENTATION

2.1 INDUSTRY OVERVIEW

2.1.1 Their vision

The vision is to become the most trusted financial advisor as well as most valuable recruitment
service provider.

2.1.2 Their Mission

They thrive to provide best wealth management advice through honest financial solutions as well
as inspire the candidates to explore job opportunities across various industrial sector.

2.1.3 Their Services

 Portfolio Management
 Financial analysis
 Recruitment
 Internship programme
 Destress the tax
 Professional Skills Development
 Smart investment (Real estate, mutual funds, insurance, stock market and gold
investment)

2.1.4 Company overview

Website https://www.insploreconsultants.com/about-us/why-insplore.php
Headquarters New Delhi, India
Size 220 Employees
Type Private
Industry Investment Banking
Email hr@insploreconsultants.com & info@insploreconsultants.com
Contact No. +91-9650510676
&
Address RG trade tower,
Netaji Subhash Palace, Pitampura
New Delhi, 110034

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Managing Heads Mr. Himalayan (Director)
Year of 2018
Incorporation

2.2 COMPETITORS

1. Giltedged Industrial Securities Ltd.

2. Brisk Services Limited.
3. Arihant Services Limited.
4. Midland Services Limited.
5. G.K. Consultants Limited.
6. Atlas Jewellery India Limited

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 2.3 SUMMARY OF INSPLORE CONSULTANTS

We Inspire, You Explore is how our experts assist job seekers and talent seekers connect.
Leading Indian companies and multinational corporations chose INSPLORE as their preferred
partner in talent acquisition.
In addition to being a partner in talent acquisition for others, Insplore also offers high end
client’s, financial solutions. As a leader in financial advising services, they understand the need
of every client seeking financial independence and assist them in achieving it.

To guarantee that their customers remain stress-free and are free from financial issues, they lend
a helpful hand by assisting them in making important financial decisions and successfully
managing their wealth.
Because we are aware of the significance of acting appropriately at the appropriate moment to
deal with the dynamic environment, they believe in timely adaptation with the dynamic
environment to deal with any challenges ahead with the utmost excitement. With the goal of
empowering people, Insplore offers meaningful employment opportunities.
They are a prosperous conglomerate with financial advisor professionals on the team.
They have a team of professionals who work every day to offer businesses and clients HR and
financial solutions.

2.4 ORGANIZATION’S FRAMEWORK

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 SKILLS
STRATEGY
 HR
TO CREALRLY
 FINANCE & DELIVER THE
INVESTMENT MESSEGE TO
THE CLIENT.

SHARED
VALUE
STYLE EFFICIENT
FRIENLY
 Informal (in
terms of
reporting to
our ORGANISATION
managers) FRAMEWORK
(7s)

STAFF
200
STRUCTURE
employees
BOTH
and interns FORMAL AND
SYSTEM INFORMAL
WORK WITH
A OPEN AND
CREATIVE
MIND
TOWARDS
THE vision

2.5 PORTER’S FIVE FORCES

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 Factors Analysis
Competitive Rivalry 1. A lot of new businesses are entering the market.

2. Banks itself is used to make direct purchases of the

goods they sell.
Bargaining power of 1. Banks can sell a few products which are offered by the
buyer company, hence providing extra services and quality is
important.

2. Clients who are with the company can’t leave them until the
product or service expires.

Bargaining power of 1. There are Many suppliers and agents in the market
suppliers
2. Providing insurance is done by many people as a side
business, hence single suppliers are more.
Threat of new entrants 1. The threat is very minimal because, the business needs
government regulations.
Threat of substitutes 1. Anyone providing the insurance
2. Banks (especially BOB)
3. HR consultancy firm

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 CHAPTER 3: TRANING ACTIVITES

3.1 EXPERIENTIAL ACTIVITES

The projects I worked on during my internship included the following:

1. Making a salary slip: I learned how to create a pay slip for the employees. We learned
how to add allowances to a salary slip, when to do so, and where to make deductions. We
were also provided a hypothetical scenario on which I built the salary slip.

2. Morning Activity: Every day of the internship, I was required to send a motivating
quote, the nifty and Sensex opening prices, the day's gold price, and business news.

3. Financial sectors PowerPoint presentation: Throughout the training period, we had

sessions on various topics. The financial industries, such as the stock market, mutual
funds, real estate, insurance, bank FDs (fixed deposits), provident funds, post offices, and
gold, are the topic of a PowerPoint presentation I made. I gained knowledge about the
various sectors' advantages and disadvantages.

4. Learning types of returns: In particular, the Traditional category, Term Plans, and
ULIP were discussed, along with the various types of returns we may anticipate from
each.

5. Using specific formulas, I learnt how to compute items like the premium, maturity date,
and life insurance. determining your tax burden and taxable income.

6. I received training in making sales pitches. They supplied us videos as well as a script
describing how to market their offering. They sent us their brochures as well, which we
received after we explained their portfolio to them.

3.2 EXPERIENTIAL PROJECTS (TASK ORIENTED)

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1. I worked as a marketing/Sales and human resources intern and got exposure only in
sales.
2. I did learn how to contact people and talk to them, in terms as to how to convince
someone to invest in their products a how will it benefit them.

3. I developed my resourcefulness; I developed my ability to adjust to a new setting. How

to motivate and inspire team members as well as how to be a part of a high-performing
team.

4. I gained knowledge on how to feel more at ease with data, I gained multitasking skills.
Sales and human resources are interdependent because both require an understanding of
the customers we are trying to serve.

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 CHAPTER 4: FINDINGS, LEARNINGS, AND SUGGESTIONS

4.1 SUGGESTIONS
1. Insplore consultants should allow students to work on the second profile even if they
haven't finished the previous one.

2. Even though networking opportunities were limited for many of us, communication
between university students and other interns was not at all encouraged. It can be
enhanced because it was really challenging to contact our managers, so talking to other
students can clear our doubts.

4.2 LEARNINGS
1. Excellent networking: there were around 100 interns, and while I didn't manage to
interact with all of them, I did with a select number.

2. Acceptance of receiving my manager's helpful criticism.

3. Applying the theoretical knowledge, I acquired during my training period.

4. Good communication with supervisors and coworkers helped me develop my

communication abilities.

5. Working out, stepping outside of my comfort zone, and networking.

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 CHAPTER 5: CONCLUSION
In a nutshell I should say that I have learned a lot from my internship.
I can confidently state that I now have a much better grasp of the professional
world. But I do believe that there were several areas of the job that I might have
improved upon and that I still need to improve. I need to get greater self-assurance
when speaking to people and be able to win their trust.
How to manage time and how to persuade others were the two key things I took
away from the internship.
As someone with no prior experience in sales or explaining the product to a
customer and asking them to invest, I think I did a good job talking to so many
people and understanding how to change my script for everyone.
Even though I was not able to land any client due to which I couldn’t start my
second profile, I think that was not very satisfying, as the company didn’t give me
a chance to perform on my second profile which was HR hence I didn’t get any
experience of it.

I can honestly say that my time spent interning with insplore consultants resulted in
not one of the best internships. Not only did I gain a little practical skill but I also
the opportunity to meet many new people was less.
Overall, my experience at this internship was neither satisfactory nor dissatisfied.

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