SALMAN RUMANI

Experience & Activities

In Qatar, he has worked on financial restructuring, internal audit, and forensic audit projects for private companies to identify process inefficiencies & revenue leakages and has set up strong financial processes. He has headed projects for development of feasibility studies and business plans in the agricultural and manufacturing sector. The projects included modern methods of farming like hydroponics, indoor vertical farming and set up of green houses for agriculture. He has worked on a strategic project with Qatar Development Bank for the set up of indoor vertical farms in Qatar. In the manufacturing domain, he has worked on processed food manufacturing and prefab construction material. Also, he has completed due diligence and valuation of several companies as part of transaction and advisory support services in the manufacturing, trading and services domain.

In the space of venture capital investing, he has an exposure to sectors like Healthcare, Fintech, Education and Renewable Energy. He has been engaged in the pre-investment stage and completing investment documentation. Pre-investment assessment includes an assessment of the business potential, competitors and evolution of customer preferences in the specific business areas. This would be followed-up with a verification of the company’s financials and an assessment of the profitability of the business.  He has been engaging with portfolio companies for financial management and strategic initiatives including restructuring.

In the recent past he has been part of audit teams for larger corporations like Shipping Corporation of India and National Thermal Power Corporation of India. He has also been an internal auditor to one of the largest educational trusts in India, having 29 institutes under them. He set up a cost-effective monitoring fund system which allowed the trust to plan and generate resources for capital expenses along with increasing returns on surplus funds available. He was instrumental in identifying and recovering funds diverted from the trust and setting up a monitoring mechanism which led to drastic reduction in such activities. The system was based on cross checking each data point with alternate data thereby reducing instances of leakages in the system. The client recovered close to INR 2 million through implementation of the process.

He is proficient in working with multicultural teams and gives emphasis to simplicity in communication to increase its effectiveness . He has experience in getting systems implemented in organizations where there were lack of skilled personnel with the ability to understand complex processes.

He is a Qualified Chartered Accountant from the Institute of Chartered Accountants of England & Wales (ICAEW)  and from the Institute of Chartered Accountants of India (ICAI) and holds a diploma in information systems audit from (ICAI). He holds a Masters Degree in Business Administration from S.P. Jain School of Global Management ( Australia ) specializing in global finance , and bachelor’s degree in commerce from university of Mumbai. He is also a winner of the CFA equity research challenge at the Dubai chapter of the organization in 2017. He has also completed a course in “Entrepreneurship in Emerging Economic” from HarvardX.