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Lal Bahadur Shastri Institute of Managementcelebrated its19th Annual Foundation Day on 22nd Feb 2014 at its Dwarka campus.
The welcome address was given by Dr. P K Biswas promising the august gathering that LBSIM in its nineteenth year was ready to surpass its past records and bring international laurels as an institute of excellence in management. 
Shri Anil Shastri, Chairman, Board of Governors, LBSIM addressed the audience highlighting the achievements of Lal Bahadur Shastri of Management and the various projects coming up in rural areas like Manda in Allahabad and Shastri Gram in Indore.
Congratulating LBSIM on its foundation day Dr. Karan Singh, Member of Parliament (RajyaSabha) & President-Indian Council for Cultural Relations (ICCR) delivered The Foundation Day lecture on “The Many Dimensions of Management”. 
In an edifying lecture, Dr. Singh spoke about the five dimensions of management that need attention at a macro level namely managing our polity, economy, society, education and environment. He stressed on the need to manage the dichotomy between growth & equity, and development & pollution.
He concluded that value based education is very relevant today along with self- leadership and managing of one’s body, mind and emotions.
The lecture was followed by the Corporate Excellence Award ceremony conferred upon distinguished alumni on foundation day by the LBSIM Alumni Cell in order to commemorate and cherish the success of their alumni and efforts made by them towards the society, and achievements earned while scaling the echelons of the corporate world. 
The awards were given away by Dr. Karan Singh to Mr. SachitaMohantyVice President-II at Kotak Mahindra Bank,Ms. Deepti Mittal,Vice President - Corporate HR, Compensation & Benefits at FirstSource Solutions Ltd, Mr. SumitMadan Sr. Vice President Citibank  andMr. SamitKampaniFounder Partner of The IT Factory and to Mr. Bharat Ratan, a film producer.The recipients belong to diverse fields such as films, banking, and outsourcing.
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