Experiential Learning Corporation (ELC) was formed with the vision of Mr. Tarun Anand, our Chief Evangelist and Managing Director (Fmr. Managing Director of Thomson Reuters, South Asia and Chairman & Founder of Universal Business School) to create a professional organization built and led by students where they could learn the art and science of management and practice it as well. It was clear to Mr. Anand after having run global multi-billion dollar businesses in over 136 countries and served on the Board of a $40 billion corporation that management education could only be learnt by doing real business and not sitting in a classroom. He was educated in the top B-schools in the world like Tuck Business School (USA), Michigan Ross School of Business (USA), IE Business School (Spain) and SPJIMR (India), where he learnt the best practices in management education. He was keen to empower UBS students and ignite their minds to germinate ideas enabling them to organize themselves in an organization with goals, purpose, structure, teams, leadership and a profit motive.

Those that contributed and participated were promoted to Vice Presidents and those that were not performing were fired. Weekly business reviews were conducted based on the Business Scorecard Method.

On September 7, 2016, Excolearn Pvt. Ltd. came into existence formally and ELC was transformed into a Private Limited Companyand create a thriving enterprise. Towards this goal, students took on roles of writing the MOA & AOA, and got the company formerly registered with the Ministry of Corporate Affairs. It was decided that ELC would become an external focused organization and deliver revenues whilst benefitting the entire student body and external companies. A complete charter was created towards the organization structure, how VP’s would get promoted, how a CEO would be selected and a comprehensive rule book on the workings of the ELC was drafted towards making the dream into a reality of becoming the first on-campus company in India created, built and led by students where learning would be inculcated. Every student recruited into the ELC would need to go through a panel interview and strict criteria was implemented to attract the best talent.