Internship Diaries of 2020 is a series about the various categories of roles offered by companies for summer internships. We bring to you the experiences of interns from Consulting, Finance, Marketing, General Management, Product Management, Operations and E-commerce roles to understand a bit more about their work life. The articles are meant to give the reader a glimpse into the life of an intern and help the reader understand their fit in that particular role.
Contributed by: Anant Singhal
Picture Credits: Rishi Rathi
Edited by: Debleena Mondal
This summer, I was a TAS general management intern, and my project was with the Healthcare Private Equity Fund at Tata Capital. Since before starting my MBA journey, General Management was my dream profile because it allows one to not only experience the complexities of various businesses under a conglomerate firsthand but also apply most learnings from MBA across disciplines. I was fortunate to have this excellent opportunity at the beginning of my management career.
One would never expect to get a Private Equity project as a TAS intern, but that’s where the beauty of “gen-man” lies. Within a day of project allocation, I was already on a call with the General Partner (my manager) discussing my background and her expectations. Initially, I was nervous since I had no experience in the PE-VC space or startups, but my manager assured me that I would have all the guidance I need. The fund had just started the evaluation of a new investment in Digital Healthcare, and I was responsible for due diligence and investment analysis. No one expects to work with a small, 5-person team as part of an internship with the Tata Group, and my experience was unlike anything I could have imagined while signing the dotted line. I’ll attempt to give a glimpse of the range of work in my project- I was involved in financial, legal & compliance, management due diligence; conducted a customer experience study, analyzed PE-VC funding in India across sectors, undertook profitability analysis and valuation assessment and gave recommendations in a multi-million dollar investment deal. Not only this, but I was also regularly included in conference calls with Founders of Healthcare startups, investment bankers, industry experts and CXOs of Healthcare companies during my stint. Since my project involved several diverse modules, I had the opportunity to present my work multiple times to the team and was able to get continuous feedback that helped a lot as I went along.
Covid-19 spiced up this internship season, and my entire 10-week stint was online. Though I missed out on luxurious Taj stays and pampering by the Tatas, I learnt valuable lessons in resilience and adaptability. I got the chance to work with veterans in the healthcare industry at a crucial point in time when healthcare is at the front and centre, in every headline. This internship was an incredible experience for me as it put me in a whole new space, I had never had the chance to explore, i.e. healthcare and startup funding. The seamless virtual work environment enabled by the TAS team greatly enhanced my efficiency and learnings from this internship despite all the challenges associated with working from home.
Anant, Rishi and Debleena are students of the PGP 2019-21 batch at IIM Bangalore.