Table Of ContentFINOLEX ACADEMY
of
MANAGEMENT & TECHNOLOGY ( FAMT )
The beacon of ‘hope’ in rural India
TRANSFORMING LIVES THROUGH EDUCATION
A study of the impact that FAMT has had on the socio-economic landscape
of the Konkan region in Maharashtra
Study by: Aruna M. Katara, President - HOPE Foundation
P-60, P-60/1, MIDC, Mirjole Block, Ratnagiri – 415639
Tel: +91 02352 228361 / 229657 / 228445 Fax: +91 02352 228436
www.famt.ac.in
INDEX
1. Backdrop 2
2. The Journey 4
3. Statistics – Academics 5
4. Statistics – Infrastructure 8
5. Statistics – Training & Placement 12
6. Activities in 2016‐17 15
7. Impact of the Socio‐economic Landscape in
Konkan Region 16
8. Epilogue 21
1
Hope Foundation & Research Centre
Finolex Academy of Management & Technology, FAMT, Ratnagiri,
Maharashtra
BACKDROP
Hope Foundation and Research Centre (Hope Foundation) was established in 1979 by Late Shri
Pralhad P Chhabria, the Founder Chairman of Finolex Group of Companies. The twin motives
of the Hope Foundation is to serve the society by providing medical heath accessibility to the
needy section of society and to provide quality higher education and research in rural and
urban India. Our Founder Chairman had the profound vision ‐ to transform our society through
his entrepreneurial endeavour while being passionate about socio‐economic transformation
through education and research. He created an industrial empire with determination and
dedication and at the same time created institutions like FAMT, Ratnagiri and I²IT, Pune. Both
these institutions exemplify his philosophy of “quality education at affordable cost and
uplifting the needy students from all corners of our India.”
The Finolex Academy of Management and Technology (FAMT) (www.famt.ac.in) was
established at Ratnagiri in the year 1996, an engineering college approved by the All India
Council for Technical Education (AICTE) and affiliated to the University of Mumbai. The main
aim was to bring technical education to the remote Konkan region of Maharashtra. FAMT has
been one of the main reasons for the transformation of Ratnagiri and the nearby region into
modern economy by providing livelihoods for many. The institute has flourished over the last
21 years and has been steadily grooming professionals and technocrats to serve this part of the
country.
FAMT, which is affiliated to Mumbai University, is envisaged to be converted into a Deemed to
be University to enable –
Industry & practical oriented education
Enhance employability of students in rural India
To establish industry academia interaction
To mentor more entrepreneurs than job seekers
Research oriented environment by creating ultra‐modern facilities & availability of good
academic atmosphere by motivating the faculty & students.
To create adaptability to ever changing and dynamic technological environment.
Overall development of student s to make them good citizens of the nation.
Special impetus on girl student development.
A study of the impact that FAMT has had on the Socio-Economic landscape of the Konkan Region in Maharashtra
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Hope Foundation & Research Centre
Finolex Academy of Management & Technology, FAMT, Ratnagiri,
Maharashtra
Philosophy:
One of the fundamental thinking, instilled by the Founder Chairman, is “it is our responsibility
that nobody who approaches our institute is deprived of education for need of finances.” This
philosophy has become inveterate among the Team FAMT. Scholarship schemes to the tune of
Rs.5 lacs per annum have been introduced as financial aid to needy students. Further, all the
social welfare schemes of Central and State Govt. are successfully implemented for students’
benefit.
Vision:
The Academy aspires to nurture leaders who are in tune with global trends, equipped with
engineering knowledge and practical skills, and urged to excel in creativity and innovation in
order to play their part in the technological advancement of our nation.
Mission:
To become foremost seat of specialized technical learning in the Konkan region.
To offer state of art educational infrastructure and facilities at affordable cost.
To inculcate in students, the culture of ‘Play Hard and Play Fair’.
To advance sustainable development in the region through opportunities for
entrepreneurship and interaction with industry.
To create a generation of young professionals who appreciate in all its aspects the
necessity of balance between technological advances and traditional values.
A study of the impact that FAMT has had on the Socio-Economic landscape of the Konkan Region in Maharashtra
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Hope Foundation & Research Centre
Finolex Academy of Management & Technology, FAMT, Ratnagiri,
Maharashtra
THE JOURNEY
In 1991‐92, Finolex Industries Ltd (FIL), formerly known as Finolex Pipes Ltd was established
at Ranpar, Ratnagiri. One of the first industries to set up base in this remote area, Chairman
was appalled at the lack of infrastructure and facilities in this remote place. While India was
surging forward with economic liberalization, rural India seemed to be untouched by any
developments. It is then that Chairman Sir decided to create excellent facilities in technical
education in this area and thus Finolex Academy of Management & Technology was set up.
The academy was launched in 1996 with one branch (Electronics Engineering) with an intake
of 60 students and the rest as they say – is history.
Highlights in History:
1994‐95 – Possession of land – Bhoomi poojan (23 Aug 1993) by Shri. Sharad Pawar, the
then Chief Minister of Maharashtra.
July 1996‐ First batch of 59 students in Electronics was admitted.
Oct 1999 – Inauguration of the canteen by the then Collector of Ratnagiri District ‐ Shri
Mahesh Pathak.
Dec 2002 – Foundation Stone of Admin building by Dr Murlimanohar Joshi, the then Union
Minister of Human Resource Development.
March 2007‐ Foundation Stone of Mechanical & Chemical Block laid by Padma Vibhushan
Dr. Raghunath Mashelkar, Former Director General CSIR
March 2009 – Occupation of Mechanical & Chemical Engg. Block – inaugurated by Shri.
Ravi Pandit , CEO, KPIT Cummins and Shri Nanik Rupani, Chairman Priyadarshni
Academy.
March 2014 ‐ Inaugural of Canteen Extension Building by Shri Pratapraoji Pawar,
Chairman Sakal Papers Ltd.
May 2015 – New Library & Academic building Phase I commenced. March 2016‐ Phase
I completed and occupied.
A study of the impact that FAMT has had on the Socio-Economic landscape of the Konkan Region in Maharashtra
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Hope Foundation & Research Centre
Finolex Academy of Management & Technology, FAMT, Ratnagiri,
Maharashtra
STATISTICS – ACADEMICS
Commencement of Courses & Sanctioned intake
Name of Course Year of Sanctioned
Commencement Intake
Electronics Engineering 1996 60
Electrical Engineering 1997 60
Mechanical Engineering 1997 120
UG Information Technology 2001 60
Electronics & Telecommunication 2008 60
Engineering
Chemical Engineering 2008 60
MCA 2004 60
PG (Master of Commuter Application)
M E (Machine Design) 2011 18
Branches
1997- 2011- 2016-
1998 2012 2017
Intake 60 60 60
Electronics Engineering Total
123 282 198
Strength
Intake 60 60 60
Electrical Engineering Total
38 268 282
Strength
Intake 60 120 120
Mechanical Engineering Total
60 452 568
Strength
Intake NA 60 60
Information Technology
Total
NA 258 277
Strength
Intake NA 60 60
Chemical Engineering
Total
NA 239 180
Strength
A study of the impact that FAMT has had on the Socio-Economic landscape of the Konkan Region in Maharashtra
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Hope Foundation & Research Centre
Finolex Academy of Management & Technology, FAMT, Ratnagiri,
Maharashtra
Intake NA 60 60
Electronics & Telecommunication Engineering
Total
NA 263 268
Strength
Intake NA 60 60
MCA
(Master of Commuter Application) Total
NA 146 76
Strength
Intake NA ‐ 18
Master of Engineering
Total
(Machine Design)
NA 18 14
Strength
201 1926 1863
Grand Total
Meritorious Students (Only Up to Merit No 10 in University of Mumbai Merit List)
Sr. Name of The Candidate University Branch Month &
No. Rank Year
1. Patil Sandip Ganpatrao Shakuntala 6th Electrical May‐2004
2. Pansare Sanjay Baban Manda 9th Electrical May‐2007
3. Patankar Omkar Achyut Alka 2nd Electrical May‐2007
4. Gadre Manasi Pramod Payal 10th Electrical May‐2007
5. Wamane Sudhir Shivasharan 2nd Electrical May‐2008
6. Patwardhan Sujit Subhash Sucheta 1st Mechanical May‐2008
7. Phatak Kunal Kishor Karuna 2nd Electrical May‐2009
8. Tambe Ashutosh Suhas Rajani 10th Electrical May‐2009
9. Hebbalkar Sudhir Sataba Dhanashri 7th Mechanical May‐2009
10. Muqudam Aaftab Aalam Zikriya 2nd Mechanical May‐2009
11. Bhogate Madhura Mahesh Deepa 1st Electronics May‐2011
12. Jahagirdar Alfurqan Mehboobpasha 4th Mechanical May‐2011
13. Keni Vinit Vinayak Varsha 3rd Mechanical May‐2011
14. Tilve Aniket Damodar Rasika 10th Chemical May‐2012
15. Patil Shweta Megharaj Swati 6th Electrical May‐2012
16. Salvi Gauri Sanjay Sangeeta 10th Mechanical May‐2012
17. Mhaskar Ravida Sajid Zarina 6th Electrical May‐2013
18. Patil Ramesh Eknath Malubai 2nd Electrical May‐2013
19. Sawant Rahul Ramchandra 1st Electrical May‐2013
20. Ainarkar Rupesh Gunaji Pramila 9th Electronics May‐2013
21. Mayekar Shodhan Uday 6th Mechanical May‐2013
22. Gadhave Parvati 9th Electrical May‐2014
A study of the impact that FAMT has had on the Socio-Economic landscape of the Konkan Region in Maharashtra
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Hope Foundation & Research Centre
Finolex Academy of Management & Technology, FAMT, Ratnagiri,
Maharashtra
23. Jangabarwala Murtuza 3rd Chemical May‐2014
24. Vasta Ifa 8th Chemical May‐2014
25. Mestry Prasad Sanjay 3rd Electrical May‐2015
26. Kadam Vishwjeet Sudhakar 4th Electrical May‐2015
27. Salvi Anish Sudhir 7th Electrical May‐2015
Year 2016 onwards CGPA scheme has been adopted and hence the system of merit number has been discontinued.
Percentage of Girl Students studied / studying
Academic Year Female Total Students on %
campus
1996‐97 16 59 27.12
2000‐2001 92 674 13.65
2010‐2011 471 1685 27.95
2016‐2017 574 1842 31.16
• Results (Final Year)
Academic %
APPEARED PASS
Year Percentage
1999‐2000 20 20 100%
2000‐2001 104 101 97%
2010‐2011 298 250 84%
2015‐2016 497 460 93%
2016‐2017 Result awaited
• Alumni
Engineering Engineering
MCA Total
UG PG
4016 357 20 4393
A study of the impact that FAMT has had on the Socio-Economic landscape of the Konkan Region in Maharashtra
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Hope Foundation & Research Centre
Finolex Academy of Management & Technology, FAMT, Ratnagiri,
Maharashtra
STATISTICS – INFRASTRUCTURE
A study of the impact that FAMT has had on the Socio-Economic landscape of the Konkan Region in Maharashtra
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Hope Foundation & Research Centre
Finolex Academy of Management & Technology, FAMT, Ratnagiri, Maharashtra
• Infrastructure
2
Plot Area in Sq. m : 1,00,084.00 M
2
Built up Area of all buildings till date : 19794.45 M
2
Open Area : 85039.60 M
2
• Academic Buildings Area (in m )
Building Workshop Other Canteen Electronics & Admin Chemical & Electronics & Canteen Library &
Name Block Building Electrical Block Mechanical Electrical Extension Academic
Engineering Engineering Engineering Building
Block Block Block Phase I
Floors / Ground Ground Ground Floor Ground Ground Second Floor Ground Ground Floor
Area in Floor Floor & First Floor Floor Floor Floor & First &
2 & First & & First & Second Floor
Second Second Floor
Floor
M
1996‐97 2506 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
1997‐98 ‐ ‐ ‐ 3910.31 ‐ ‐ ‐ ‐ ‐
1999‐ ‐ ‐ 408 ‐ ‐ ‐ ‐ ‐ ‐
2000
2004‐ ‐ ‐ ‐ ‐ 4231.55 ‐ ‐ ‐ ‐
2005
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