Mehul

Chartered Accountant

October 2002

The Institute of Chartered Accountants of India

Chartered Financial Analyst (CFA, ICFAI)

1996-1998

Institute of Chartered Financial Analysts of India (ICFAI)

PGDBA

1996-1998

ICFAI Business School, Mumbai

Founder, Axia Advisory Services LLP

2010 - Present

Mumbai, India

• A niche advisory firm focussed on Corporate Financial Advisory, Strategic Consulting and CFO services
• Handholding MSMEs to growth with focus on finance and strategy, including control inventory, cost management and cash-flow improvement
• Digital Transformation for MSME's - ensuring moving transactions/reports from paper to digital and setting by Management Information Systems (MIS)
• Training of over 10,000 man-hours on Introduction to Capital Markets, Finance for Non-Finance Executives, Valuation, Advanced Excel, XBRL, IFRS, Equity Research (Financial Modelling and Valuation) courses

Vice President & CFO, Gansons Pvt Ltd

2017 - 2021

Thane, India

• Group CFO handling all finance & controller functions – Accounting, Direct/Indirect Taxation, cash/fund flow management, liaison with legal firms
• Headed the Corporate Development function – leading all business transformation and corporate development initiatives, including those for cost management and process streamlining. This led to savings of over Rs.1 crore annually within the first year.
• Involved in other strategic decisions for the group, including HR and IT functions and ERP implementation
In-charge of Company Secretarial department through an external consultant
• Instrumental in setting up three new Joint Ventures (all Global Family Businesses from Germany, UK and Japan)
• Managed personal finances of the promoter family

Lead Analyst, Ambit Capital

2008 - 2010

Mumbai, India

• Lead research coverage for infrastructure developers and capital goods manufacturers.
• Maintain detailed financial models for 25 companies, including 10 companies under coverage
• Assist Investment Banking / M&A and PE teams when necessitated

Research Analyst, Emkay Global Ltd

2006 - 2008

Mumbai, India

• Lead research coverage for infrastructure developers and capital goods manufacturers.
• Maintain detailed financial models for 25 companies, including 10 companies under coverage
• Assist Investment Banking / M&A and PE teams when necessitated

Project Lead (Quality Assurance), Oracle India

203 - 2006

Hyderabad, India

• Created end-to-end business flows and simulated business cases for diverse scenarios from manufacturing operations to professional service consultancies to proactively ensure defect prevention and quality enhancement
• Led team of experts for quality assurance and functional usage of products with focus on project and performance management and projects intelligence
• Assisted product management team in conceptualisation and implementation of new features to ensure better integration with products in the Oracle e-biz suite
• Contributed to scope management, resource allocations, cost estimates and schedule plans

Executive Assistant to Managing Director, Ahmedabad Electricity Co (now Torrent Power)

2017 - 2021

Ahmedabad, India

• Annual Corporate Budget & Quarterly Reviews: Part of the core team involved in compiling, analysing and monitoring the Annual Budget. Involved in presenting the Annual Budget Plans and Quarterly Reviews to the management of the holding company (Torrent Group) and the Board of Directors
• Business Analysis & Business Plan: of the Power Services Division and AEC Cement and Constructions Co. Ltd.: Completed a detailed business analysis of both these divisions and aided in the creation of their business plans. I was also responsible for regularly monitoring the performance of both these divisions
• Financial Modelling and Gas Distribution Proposal: Developed a cost-benefit analysis model for alternative sources of power and internal capacity optimisation. Co-ordinated and documented a bid for distribution of natural gas in Ahmedabad and Gandhinagar Districts
• Profit Improvement Program: Lead co-ordinator of the company-wide program initiated with the objective to improve revenue and reduce costs
• Aiding the CEO: In all areas of the operations of the company, including finance, tariff revision, administration and some of new initiatives

Consultant, Maya N Nanavaty

1999

Ahmedabad, India

• Undertook internal & statutory audits of corporates, educational institutes and partnerships firms

Research Analyst, KRChoksey Shares & Securities

1998 - 1999

Mumbai, India

• Equity research across sectors
• Advised clients on quality of portfolios and aided them in Investor Relations activities