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Published : Wednesday, 16 July, 2014 11:23 AM
Keeping in mind the demands of the present, Xavier University took another step towards its vision to ‘Inspire Futures’, by carving a niche for itself in the area of commerce education and creating a platform for young students to hone their commercial skills. The university came into existence with the passing of the Xavier University Bill – 2013 on April 5, 2013. Today, XUB officially inaugurated its School of Commerce. The event was formally started by Professor. P. K. Mohanty, who welcomed all the esteemed dignitaries and invited them to perform the ceremonial lighting of the lamp.
Among the notable guests were the Chief Guest for the event, Shri UpendraNath Behera, IAS, Additional Chief Secretary, Finance Department, Govt. of Odisha, the Guest of Honour, Shri RajibSekhar Sahoo, Chartered Accountant, SRB and Associates, Father Paul Fernandes, S.J., Vice-Chancellor, XUB and Father Tony Uvary, S.J., Registrar, XUB. 
Shri U.N.Behera’s inaugural speech was preceded by Fr. Paul Fernandes’ address to the gathering in which he welcomed the first batch of students of XUB’s School of Commerce and also introduced Prof. P. K. Mohanty as the Dean of the school. He emphasised on the fact that the course structure of the school has been modelled on the curriculum of some of the best commerce institutes of the country in order to provide the students a very rich learning experience. He concluded his address by urging the students to always keep their calling in mind and reminding them that nothing substitutes hard work. 
Shri U.N. Behera’s inaugural speech began by addressing the first batch of students as the creators of history and torch bearers for the new generation to join. He thanked Fr. Paul for realising the need of a commerce institute in the state and rightly starting a commerce school. In his speech, he discussed how the treatment of commerce as a field of education has changed from the past and how crucial it has now become for the growth of the economy. He then wished luck to XUB for its future endeavours and hoped that XUB would continue to set the path for others in the field of education. 
After the formal inauguration, Shri RajibSekhar Sahoo addressed the august gathering. He conveyed immense pleasure in this great beginning of a quality commerce school of national repute. As commerce, banks, insurance and industries have grown manifold, the opportunity that XUB would now offer to commerce students was much needed. He also emphasised on the need to orient students to practical exposure along with classroom education. As no good organisation can function without good finance and commerce professionals, Mr. Sahoo showed complete faith in the prosperity of the University. 
ABOUT XIMB – The Flagship Institution of XUB
27 years ago, in the Temple City of Bhubaneswar, the Odisha Jesuit Society entered into a social contract with the Government of Odisha to set up Xavier Institute of Management, Bhubaneswar (XIMB). XIMB strives to be a premier institute globally recognized for management education, training, research, and consulting that help build a just and humane society. The Institute today has become widely recognized for its excellence in imparting management education. It is counted among the leading management institutions in the country. XIMB is the proud recipient of A*** grading by CRISIL, and the ET Now National Education Leadership Award. XUB inherits from a rich culture and experience gained through the years by XIMB and promises to make greater inroads into higher education with diverse educational offerings.
ABOUT FR. PAUL FERNANDES, S.J. – Director & Vice-Chancellor
Fr. Paul Fernandes, S.J. holds graduate degrees in Theology, Philosophy and Mathematics. He did his Post-graduate Diploma in Business Management (PGD BM) from XLRI Jamshedpur, and M.Sc. in Economics and M.A. Licentiate in Applied Ethics from KU Leuven, Belgium. He achieved a Ph.D. in Economics and Ethics from KU, WWF Ingolstadt, Germany.
Fr. Fernandez has more than 21 years of teaching experience and more than 8 years of administrative experience. He has self-authored 6 books, and co-authored three, while successfully completing numerous consultancy assessments, researches and reports.
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