DR. PRASHANT KUMARPARTNER, STRATEGY & GOVERNMENT ADVISORY
HARESH SHUKLASR. DIRECTOR / PARTNER
PAUL JOSE ARICATTCOUNTRY MANAGER (QATAR)
ASHITI BANTHIACOUNTRY MANAGER (BAHRAIN)
Currently, she is heading Bahrain operations, and is also an Sr. Engagement Manager and a Consultant at EmPact Consulting (Empact). At Empact, she has worked on numerous multisector (including F&B, Education, Fisheries, Real Estate, Healthcare, Cybersecurity, Insurance, etc.) projects across the GCC region. She has conducted the Impact Assessment Study of the flagship SME Financing Scheme of Tamkeen, the SME Development Authority of Bahrain. Ashiti also managed the enhancement of Tamkeen’s Strategic Grant Support (FDI) Scheme, including redesigning the model and scheme parameters; and developed revenue generation strategy for Export Bahrain. In the education sector, she has facilitated in developing the strategic direction for Dubai Entrepreneurship Academy, part of Dubai SME, and for Bahrain Institute of Banking and Finance. She also facilitated in developing a white paper on SME Policy Framework for Dubai SME and managed the project on State of Dubai SMEs Report for DED Dubai and Credit Conditions Assessment for the UAE Central Bank.
She’s also spearheaded in developing a Future Regulations Framework for a Dubai government entity. Aside from this, she has developed policies and procedures and consulted on feasibility studies and business plans for numerous projects.
Before joining Empact Consulting, and prior to her MBA, she was the founder and director of her own successful startup, providing end to end specialized overseas education consulting services. She was responsible for strategic decision making, identifying business opportunities and building relationships with key partners. Under her leadership, the business experienced a revenue growth of more than 54%. Aside from her startup, she was also an Assistant Professor, the youngest in her University, teaching Business Economics. Ashiti has also conducted various workshops and seminars for fellow educators and 200+ students.
In the recent past, she was an external consultant for a Singapore based crowdfunding platform, wherein she strategized and proposed a model for universal secondary market exchange for crowdfunding investments to create liquidity for investors, leveraging cloud and blockchain technology.
She is creative in her approach and possesses strong interpersonal, problem solving and analytical skills, and is adept at managing multi-cultural and cross-functional teams. Aside from professional experience, she is an active volunteer at NGOs, was a Delegate in an International Conference on UN Goals and Women Empowerment, amongst others. She’s passionate about disruptive ideas and new business models.
She holds an MBA from S.P. Jain School of Global Management (Singapore, Sydney, Dubai), specializing in Global Finance; Masters of Arts in Economics; Bachelor in Commerce (Honors) from Lady Shri Ram College for Women, India; and is an International Baccalaureate Diploma Holder from USA.
MOUNIB JAROUDICOUNTRY MANAGER (KSA)
YASH SHUKLADIRECTOR (AUDIT AND FINANCIAL RESTRUCTURING)
His core competency includes CFO services, mergers, and acquisition, internal and external audits, preparation of financial reports, financial restructuring of firms, due diligence, defining and implementing effective financial & administrative policies, gap & risk assessments, forensic audits, and investigations, defining and implementing internal control system, reviewing and implementation of ERP systems.
Yash has worked across diverse sectors including banking, manufacturing units, construction (both contractors and developers), TMT – technology, media, and telecommunications, advertising and PR, food & beverages, supply chain services, jewellery design and manufacturing, garment manufacturing, entertainment (cinema & theatres), hospitality, facility management services, healthcare (hospitals, medical centers, and diagnostic centers), lighting concept designs and implementations.
In his recent experience, Yash has concluded purchase price allocation for an ICT player in KSA for regulatory submissions post a takeover deal, impairment testing of goodwill for a credit portfolio for a large Egypt-based lender, and valuation and PPA analysis for an internationally accredited body of knowledge including deal negotiations with sell-side.
In the past, he has successfully served as a CFO to a high-end chain of gymnasiums and a manufacturer-cum-trader in the FMCG Sector in Qatar. His involvement in the projects helped clients to underneath the existence of revenue leakages and frauds. Yash not only successfully reinstated proper internal control systems but also helped the management in mitigating the cash flow issues by restructuring the existing debts with partner banks. He was instrumental in setting up suitable governance mechanisms including defining and implementing suitable financial policies and optimal procedures (with a clearly defined RACI matrix).
Yash was also responsible for assisting in the selection of suitable ERP solutions, vendor ratings, and evaluation of different ERP systems to provide suitable recommendations on an optimal choice for the ERP solution. His recommendations helped in business requirements linked to customisation, data integration, and inclusion of suitable policy level checks in the adopted ERP package.
Yash has conducted the internal audit for multiple private sector clients in the GCC including Bahrain, Qatar, UAE, and KSA in addition to vat filing and regulatory compliance. He has a rich experience of working with high-net-worth individuals and family offices and advising them to enhance shareholder returns across their investment portfolios.
Over the last 19 years, while practicing in India, Yash has been an integral part of internal audit and statutory audits of large organisations like Maharashtra State Electricity Board (India), Bank of Baroda (India), and Bank of India (India) encompassing an asset-liability book size of approximately USD 68 million.
In addition to passing intermediate exams from the Institute of Chartered Accountants of India, he holds a Bachelor of Commerce from Mumbai University.
RAMESH KUMARSR. MANAGER (ADVISORY)
ELAINE COLACOSR. MANAGER (GOVERNMENT ADVISORY)
SALMAN RUMANISR. CONSULTANT
BURZIN SUTARIASR. CONSULTANT
ALEC DIBCONSULTANT (DEALS AND FINANCIAL RESTRUCTURING)
Alec currently works as a financial manager at a prominent group in Qatar. His duties included review of the financial information and reports prepared by the accountants. By analyzing daily collections and seasonal trends, he was able forecast the financials of the company. This led to cashflow management such that the company could meet its liabilities and vendor payments were made in a timely manner.
Alec also independently presented robust financial reports to management and stakeholders which helped them make decisions that improved the financial health of the company. A recommendation he made was alteration of the compensation formula of trainers in a way that benefitted the company as well as the employees.
Alec also spearheaded a shift in accounting policies and processes such that the productivity of members of the finance team improved. Alec worked closely with the IT department to overcome shortcomings of the company software in order to extract the relevant data required for accurate and timely reporting. Along with the CFO, he was also responsible for preparing, reviewing and managing the budget of the company and to highlight any deviation of expenses. Alec was also responsible for the group receiving its first unqualified audit report in three years.
Previously, Alec worked as a senior auditor at the Bank of Beirut in Lebanon. He oversaw audit planning and reporting communicating this directly to the management. He reviewed audit work papers prepared by the audit staff in order to ensure sound audit theory and comply with the department's methodology. He ensured the department followed the appropriate policies and procedures in line with in-house systems and controls. He managed a team of auditors and was responsible for their training and evaluation. He also worked previously as the assistant branch manager of Byblos Bank in Lebanon. He was responsible for promoting, developing and managing on a daily basis the retail business of the branch. In liaison with the treasury department, he coordinated and finalized reconciliations of foreign exchange and capital markets.
Alec has a Bachelors in IT management from the University of Balamand in Lebanon and a Masters in Business Administration from Sagesse University in Lebanon.